SEC 13F Intelligence

Managers / Q4 2025 · view latest →

GHE, LLC

CIK 0001910179 · 40 SOUTH MAIN ST., SUITE 1720, MEMPHIS, TN, 38103 · 901-327-2788

Reported Value
$302M
Q4 2025
Positions
54
Filings on Record
20
2019–present window
Filed
Feb 9, 2026
original filing

Summary

Ghe, LLC reported $302M in U.S.-listed holdings across 54 positions for Q4 2025.

The portfolio is heavily concentrated: NVDA alone accounts for 56.3% of reported value.

Compared with Q3 2025, the fund opened 20 new positions and exited 0.

Portfolio Metrics

Turnover
+1.1%
vs prior filed quarter
Top-10 Concentration
+75.6%
share of reported value
Largest Position
+56.3%
Nvidia Corp Com

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $130MQ4 ’21Q1 ’22: $120MQ2 ’22: $91MQ2 ’22Q3 ’22: $94MQ2 ’23: $149MQ2 ’23Q4 ’23: $165,096Q1 ’24: $216,324Q1 ’24Q2 ’24: $249,308Q3 ’24: $266,986Q3 ’24Q4 ’24: $254,578Q1 ’25: $221,051Q1 ’25Q4 ’25: $302MQ1 ’26: $241MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 92.1%Other: 3.6%Closed-End Fund: 3.2%ETP: 1.0%REIT: 0.2%
  • Common Stock · 92.1% · $278M
  • Other · 3.6% · $11M
  • Closed-End Fund · 3.2% · $10M
  • ETP · 1.0% · $3M
  • REIT · 0.2% · $510,163

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COSTCOSTCO WHOLESALE CORP COMNEW+6.1K6.1K+$5M$5M
BOOKING HOLDINGS INC COMNEW+638638+$3M$3M
ULTA BEAUTYNEW+5.4K5.4K+$3M$3M
MSCIMSCI INC COMNEW+5.0K5.0K+$3M$3M
CHUBB LIMITED COMNEW+7.6K7.6K+$2M$2M
JNJJOHNSON & JOHNSON COMNEW+11.4K11.4K+$2M$2M
MARMARRIOTT INTERNATIONAL INC COM CL ANEW+6.0K6.0K+$2M$2M
EXPEEXPEDIA GROUP INC COMNEW+5.8K5.8K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORP COMhistory →COMM56.30%$170M911.0K
2DUTMOODYS CORP COMhistory →COMM2.71%$8M16.0K
3ADBEADOBE INC COMhistory →COMM2.70%$8M23.3K
4PCNPIMCO CORPORATE & INCOME OPP F COMhistory →MF2.65%$8M626.0K
5AXPAMERICAN EXPRESShistory →COMM2.21%$7M18.0K
6SPGIS&P GLOBAL INC COMhistory →COMM2.07%$6M12.0K
7PGRPROGRESSIVE CORP (OHIO) COMhistory →COMM1.80%$5M23.8K
8COSTCOSTCO WHOLESALE CORP COMhistory →COMM1.75%$5M6.1K
9MPCMARATHON PETROLEUM CORP COMhistory →COMM1.72%$5M31.8K
10LOWLOWES COMPANIES INC COMhistory →COMM1.65%$5M20.7K
11ANETEURARISTA NETWORKShistory →COMM1.51%$5M34.9K
12ADPAUTOMATIC DATA PROCESSING INC COMhistory →COMM1.40%$4M16.4K
13QCOMQUALCOMM INC COMhistory →COMM1.36%$4M23.9K
14MCDMCDONALDS CORPORATION COMhistory →COMM1.30%$4M12.9K
15BOOKING HOLDINGS INC COMCOMM1.13%$3M638
16ULTA BEAUTYCOMM1.07%$3M5.4K
17SBUXSTARBUCKS CORP COMhistory →COMM1.02%$3M36.5K
18DHIDR HORTON INC COMCOMM0.98%$3M20.5K
19MSCIMSCI INC COMCOMM0.94%$3M5.0K
20CHUBB LIMITED COMCOMM0.79%$2M7.6K
21JNJJOHNSON & JOHNSON COMCOMM0.78%$2M11.4K
22CSCOCISCO SYSTEMS INC COMCOMM0.78%$2M30.5K
23PAYXPAYCHEX INC COMCOMM0.73%$2M19.5K
24TROWT ROWE PRICE GROUPS COMCOMM0.64%$2M18.8K
25MARMARRIOTT INTERNATIONAL INC COM CL ACOMM0.62%$2M6.0K
26KBHKB HOME COMCOMM0.62%$2M33.0K
27E L F BEAUTYCOMM0.58%$2M20.0K
28PEPPEPSICO INC COMCOMM0.57%$2M12.0K
29ABTABBOTT LABORATORIES COMCOMM0.56%$2M13.4K
30EXPEEXPEDIA GROUP INC COMCOMM0.55%$2M5.8K
31PYPLPAYPAL HOLDINGS INC COMCOMM0.54%$2M28.0K
32TNETTRINET GROUP INC COMCL A0.53%$2M27.2K
33CLCOLGATE-PALMOLIVE CO COMCOMM0.52%$2M19.8K
34BZHBEAZER HOMES USA INC COMCOMM0.47%$1M70.6K
35BBYBEST BUY CO INC COMCOMM0.46%$1M20.7K
36ISHARES TRUST MSCI EMG MKT ETFETF0.43%$1M23.5K
37PGPROCTER & GAMBLE CO COMCOMM0.37%$1M7.9K
38GSGOLDMAN SACHS GROUP INC COMCOMM0.37%$1M1.3K
39EBAEBAY INC COMCOMM0.37%$1M14.8K
40SYYSYSCO CORP COMCOMM0.32%$959,29613.0K
41HDHOME DEPOT INC COMCOMM0.26%$787,9892.3K
42MDYSPDR S&P MIDCAP 400 ETF TRETF0.24%$723,9361.2K
43PTYPIMCO FUNDS COMMF0.24%$715,30555.5K
44SEICSEI INVESTMENT CO COMCOMM0.19%$578,5697.1K
45DSLDOUBLELINE INCOME SOLUTIONS FD COMFund0.18%$535,05547.5K
46SPGSIMON PROPERTY GROUP INC COM USD0.0001COMM0.17%$510,1632.8K
47CVSAADTALEM GLOBAL ED INCCOMM0.15%$459,4074.4K
48AAPLAAPLE INCCOMM0.14%$436,6071.6K
49ISHARES TRUST TIPS BD ETFETF0.12%$369,7373.4K
50VANGUARD HIGH DIV YLD ETFETF0.11%$327,9432.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$241M55May 4, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$302M54Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025Under review34Nov 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$221,05156May 6, 202513F-HRchanges · EDGAR ↗
Q4 2024$254,57856Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$266,98655Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$249,30852Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$216,32453Apr 29, 202413F-HRchanges · EDGAR ↗
Q4 2023$165,09653Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023Under review55Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$149M55Jul 31, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review55May 9, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review55Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$94M54Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$91M50Jul 20, 202213F-HRchanges · EDGAR ↗
Q1 2022$120M52May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$130M53Feb 10, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.