Managers / Q2 2025 · view latest →
Stephenson & Company, Inc.
CIK 0002001544 · 241 AVENIDA DEL MAR, SAN CLEMENTE, CA, 92672 · 949-727-4255
Summary
Stephenson & Company, Inc. reported $165M in U.S.-listed holdings across 42 positions for Q2 2025.
The portfolio is heavily concentrated: IVV alone accounts for 29.2% of reported value.
Compared with Q1 2025, the fund opened 5 new positions and exited 2.
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
- ETP · 81.4% · $134M
- Common Stock · 18.5% · $30M
- Other · 0.1% · $200,673
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GLDSPDR GOLD TR | NEW | +1.1K | 1.1K | +$348,726 | $348,726 |
| TSLATESLA INC | NEW | +779 | 779 | +$247,457 | $247,457 |
| NVDANVIDIA CORPORATION | NEW | +1.3K | 1.3K | +$208,547 | $208,547 |
| AMZNAMAZON COM INC | NEW | +947 | 947 | +$207,762 | $207,762 |
| VBVANGUARD INDEX FDS | NEW | +859 | 859 | +$203,566 | $203,566 |
| FAFFIRST AMERN FINL CORP | SOLD OUT | −3.1K | 0 | −$200,500 | $0 |
| CVXCHEVRON CORP NEW | SOLD OUT | −1.2K | 0 | −$200,413 | $0 |
| ESGDISHARES TR | ADDED | +653 | 3.7K | +$81,438 | $332,880 |
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 | IVVISHARES TR | CORE S&P500 ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · TIPS BD ETF · NATIONAL MUN ETF · CORE S&P TTL STK · JPMORGAN USD EMG · RUSSELL 2000 ETF · MSCI EAFE ETF · ESG AW MSCI EAFE · RUS 1000 VAL ETF · MSCI EMG MKT ETF · CORE US AGGBD ET · RUS MID CAP ETF · IBONDS DEC 25 | 29.20% | $48M | 321.6K |
| 2 | BSVVANGUARD BD INDEX FDS | SHORT TRM BOND · INTERMED TERM | 16.73% | $28M | 352.3K |
| 3 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 15.77% | $26M | 50.4K |
| 4 | RSPINVESCO EXCHANGE TRADED FD Thistory → | S&P500 EQL WGT | 14.11% | $23M | 127.8K |
| 5 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 13.39% | $22M | 386.7K |
| 6 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · ALLWRLD EX US | 3.56% | $6M | 116.8K |
| 7 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 2.37% | $4M | 6.3K |
| 8 | SPDR SERIES TRUST | BLOOMBERG HIGH Y | 1.16% | $2M | 19.6K |
| 9 | AAPLAPPLE INC | COM | 0.96% | $2M | 7.7K |
| 10 | GBTCGRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 0.33% | $542,912 | 6.4K |
| 11 | VUGVANGUARD INDEX FDS | GROWTH ETF · SMALL CP ETF | 0.28% | $460,030 | 1.4K |
| 12 | ANETARISTA NETWORKS INC | COM SHS | 0.22% | $368,316 | 3.6K |
| 13 | BNYBANK NEW YORK MELLON CORP | COM | 0.22% | $366,262 | 4.0K |
| 14 | GLDSPDR GOLD TR | GOLD SHS | 0.21% | $348,726 | 1.1K |
| 15 | HDHOME DEPOT INC | COM | 0.19% | $320,710 | 875 |
| 16 | AXPAMERICAN EXPRESS CO | COM | 0.18% | $292,824 | 918 |
| 17 | DEDEERE & CO | COM | 0.16% | $263,906 | 519 |
| 18 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.15% | $252,626 | 857 |
| 19 | TSLATESLA INC | COM | 0.15% | $247,457 | 779 |
| 20 | FNFFIDELITY NATIONAL FINANCIAL | COM SHS | 0.14% | $226,146 | 4.0K |
| 21 | UNHUNITEDHEALTH GROUP INC | COM | 0.13% | $211,412 | 678 |
| 22 | NVDANVIDIA CORPORATION | COM | 0.13% | $208,547 | 1.3K |
| 23 | AMZNAMAZON COM INC | COM | 0.13% | $207,762 | 947 |
| 24 | SCHFSCHWAB STRATEGIC TR | INTL EQTY ETF | 0.12% | $203,475 | 9.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $184M | 43 | May 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $182M | 45 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $174M | 43 | Oct 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $165M | 42 | Aug 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $154M | 39 | May 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $149M | 36 | Jan 23, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $148M | 39 | Oct 25, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $135M | 36 | Aug 6, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $137M | 38 | Apr 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $119M | 36 | Jan 31, 2024 | 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 ↗.