Managers / Q2 2025 · view latest →
Armstrong, Fleming & Moore, Inc
CIK 0001990099 · 1800 M ST, NW, #1010-S, WASHINGTON, DC, 20036 · 202-887-8135
Summary
Armstrong, Fleming & Moore, Inc reported $184M in U.S.-listed holdings across 106 positions for Q2 2025.
Its largest position, CAVA, represents 16.4% of the portfolio.
Compared with Q1 2025, the fund opened 87 new positions and exited 60.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 63.7% · $117M
- ETP · 34.2% · $63M
- Other · 1.1% · $2M
- REIT · 0.9% · $2M
- ADR · 0.2% · $366,206
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CAVACAVA GROUP INC | NEW | +359.7K | 359.7K | +$30M | $30M |
| T ROWE PRICE ETF INC | NEW | +437.9K | 437.9K | +$20M | $20M |
| CAPITAL GROUP INTL FOCUS EQT | NEW | +722.6K | 722.6K | +$20M | $20M |
| CGDVUSDCAPITAL GROUP DIVIDEND VALUE | NEW | +176.5K | 176.5K | +$7M | $7M |
| SAICSCIENCE APPLICATIONS INTL CO | NEW | +37.6K | 37.6K | +$4M | $4M |
| COSTCOSTCO WHSL CORP NEW | NEW | +4.0K | 4.0K | +$4M | $4M |
| NVDANVIDIA CORPORATION | NEW | +23.3K | 23.3K | +$4M | $4M |
| MARMARRIOTT INTL INC NEW | NEW | +13.0K | 13.0K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CAVACAVA GROUP INChistory → | COM | 16.45% | $30M | 359.7K |
| 2 | T ROWE PRICE ETF INC | PRICE BLUE CHIP | 10.78% | $20M | 437.9K |
| 3 | CAPITAL GROUP INTL FOCUS EQT | SHS CREATION UNI | 10.65% | $20M | 722.6K |
| 4 | AAPLAPPLE INChistory → | COM | 10.03% | $18M | 90.0K |
| 5 | CGDVUSDCAPITAL GROUP DIVIDEND VALUEhistory → | SHS CREATION UNI | 3.79% | $7M | 176.5K |
| 6 | SAICSCIENCE APPLICATIONS INTL COhistory → | COM | 2.30% | $4M | 37.6K |
| 7 | COSTCOSTCO WHSL CORP NEWhistory → | COM | 2.13% | $4M | 4.0K |
| 8 | ISHARES TR | RUS 2000 GRW ETF · EAFE GRWTH ETF · RUS 1000 GRW ETF · CORE MSCI EAFE | 2.08% | $4M | 23.6K |
| 9 | NVDANVIDIA CORPORATIONhistory → | COM | 2.00% | $4M | 23.3K |
| 10 | MARMARRIOTT INTL INC NEWhistory → | CL A | 1.93% | $4M | 13.0K |
| 11 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 1.92% | $4M | 5.8K |
| 12 | JPMJPMORGAN CHASE & CO.history → | COM | 1.64% | $3M | 10.4K |
| 13 | PLTRPALANTIR TECHNOLOGIES INChistory → | CL A | 1.56% | $3M | 21.1K |
| 14 | EXMOCEXXON MOBIL CORPhistory → | COM | 1.24% | $2M | 21.2K |
| 15 | MSFTMICROSOFT CORPhistory → | COM | 1.19% | $2M | 4.4K |
| 16 | CGGRUSDCAPITAL GROUP GROWTH ETFhistory → | SHS CREATION UNI | 1.11% | $2M | 50.4K |
| 17 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 1.11% | $2M | 11.6K |
| 18 | JNJJOHNSON & JOHNSONhistory → | COM | 1.04% | $2M | 12.6K |
| 19 | PGPROCTER AND GAMBLE COhistory → | COM | 1.03% | $2M | 11.9K |
| 20 | AMZNAMAZON COM INC | COM | 0.99% | $2M | 8.3K |
| 21 | CHVCHEVRON CORP NEW | COM | 0.99% | $2M | 12.8K |
| 22 | TSLATESLA INC | COM | 0.98% | $2M | 5.7K |
| 23 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.86% | $2M | 5.4K |
| 24 | CGUSUSDCAPITAL GROUP CORE EQUITY ET | SHS CREATION UNI | 0.85% | $2M | 42.4K |
| 25 | CGGOUSDCAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 0.76% | $1M | 43.7K |
| 26 | GEOPARK LTD | USD SHS | 0.73% | $1M | 207.2K |
| 27 | NFLXNETFLIX INC | COM | 0.73% | $1M | 1.0K |
| 28 | ISHARES INC | CORE MSCI EMKT | 0.72% | $1M | 22.2K |
| 29 | CAPITAL GRP FIXED INCM ETF T | MUNICIPAL INCOME | 0.70% | $1M | 48.2K |
| 30 | UNPUNION PAC CORP | COM | 0.67% | $1M | 5.3K |
| 31 | GE AEROSPACE | COM NEW | 0.66% | $1M | 4.7K |
| 32 | EMREMERSON ELEC CO | COM | 0.59% | $1M | 8.1K |
| 33 | HONGBPHONEYWELL INTL INC | COM | 0.54% | $997,913 | 4.3K |
| 34 | TAT&T INC | COM | 0.52% | $961,446 | 33.2K |
| 35 | CHTRCHARTER COMMUNICATIONS INC N | CL A | 0.52% | $950,074 | 2.3K |
| 36 | FMBHFIRST MID ILL BANCSHARES INC | COM | 0.51% | $934,626 | 24.9K |
| 37 | BACVERIZON COMMUNICATIONS INC | COM | 0.49% | $901,573 | 20.8K |
| 38 | OREALTY INCOME CORP | COM | 0.49% | $895,603 | 15.5K |
| 39 | DISDISNEY WALT CO | COM | 0.48% | $889,912 | 7.2K |
| 40 | PEPPEPSICO INC | COM | 0.39% | $717,050 | 5.4K |
| 41 | CSCOCISCO SYS INC | COM | 0.37% | $680,539 | 9.8K |
| 42 | GEVGE VERNOVA INC | COM | 0.37% | $673,177 | 1.3K |
| 43 | MRKMERCK & CO INC | COM | 0.34% | $628,392 | 7.9K |
| 44 | J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 0.34% | $620,575 | 10.9K |
| 45 | KOCOCA COLA CO | COM | 0.33% | $598,741 | 8.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $236M | 108 | Apr 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $216M | 105 | Jan 16, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $209M | 112 | Oct 20, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $184M | 106 | Jul 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $83M | 79 | Apr 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $165M | 95 | Feb 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $172M | 99 | Oct 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $156M | 94 | Jul 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $144M | 92 | Apr 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $133M | 90 | Feb 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $103M | 83 | Nov 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $109M | 87 | Aug 16, 2023 | 13F-HR | changes · 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 ↗.