Managers / Q4 2025 · view latest →
Stephenson & Company, Inc.
CIK 0002001544 · 241 AVENIDA DEL MAR, SAN CLEMENTE, CA, 92672 · 949-727-4255
Summary
Stephenson & Company, Inc. reported $182M in U.S.-listed holdings across 45 positions for Q4 2025.
The portfolio is heavily concentrated: IVV alone accounts for 29.4% of reported value.
Compared with Q3 2025, the fund opened 3 new positions and exited 1.
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 · 81.2% · $148M
- Common Stock · 18.8% · $34M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GOOGALPHABET INC | NEW | +776 | 776 | +$243,647 | $243,647 |
| NKENIKE INC | NEW | +3.5K | 3.5K | +$221,838 | $221,838 |
| MSMORGAN STANLEY | NEW | +1.2K | 1.2K | +$221,735 | $221,735 |
| NVDANVIDIA CORPORATION | ADDED | +2.4K | 3.7K | +$447,494 | $693,780 |
| ISHARES TR | SOLD OUT | −7.5K | 0 | −$200,898 | $0 |
| AGGISHARES TR | ADDED | +350 | 3.4K | +$33,821 | $341,789 |
| AMZNAMAZON COM INC | ADDED | +107 | 1.1K | +$35,351 | $243,284 |
| BSVVANGUARD BD INDEX FDS | ADDED | +18.7K | 232.3K | +$1M | $18M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVVISHARES TR | CORE S&P500 ETF · CORE S&P SCP ETF · CORE S&P MCP ETF · TIPS BD ETF · NATIONAL MUN ETF · CORE S&P TTL STK · JPMORGAN USD EMG · RUSSELL 2000 ETF · MSCI EAFE ETF · MSCI EMG MKT ETF · ESG AW MSCI EAFE · CORE US AGGBD ET · RUS 1000 VAL ETF · RUS MID CAP ETF | 29.43% | $54M | 329.1K |
| 2 | BSVVANGUARD BD INDEX FDS | SHORT TRM BOND · INTERMED TERM | 16.13% | $29M | 374.3K |
| 3 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 15.32% | $28M | 52.5K |
| 4 | RSPINVESCO EXCHANGE TRADED FD Thistory → | S&P500 EQL WGT | 13.93% | $25M | 132.4K |
| 5 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 13.64% | $25M | 397.5K |
| 6 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · ALLWRLD EX US | 3.64% | $7M | 121.7K |
| 7 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 2.38% | $4M | 6.4K |
| 8 | AAPLAPPLE INChistory → | COM | 1.15% | $2M | 7.7K |
| 9 | SPDR SERIES TRUST | STATE STREET SPD | 1.06% | $2M | 19.8K |
| 10 | VOOVANGUARD INDEX FDS | S&P 500 ETF SHS · GROWTH ETF · SMALL CP ETF | 0.41% | $747,534 | 1.8K |
| 11 | NVDANVIDIA CORPORATION | COM | 0.38% | $693,780 | 3.7K |
| 12 | ANETARISTA NETWORKS INC | COM SHS | 0.27% | $482,977 | 3.7K |
| 13 | BNYBANK NEW YORK MELLON CORP | COM | 0.26% | $466,682 | 4.0K |
| 14 | GBTCGRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 0.24% | $437,504 | 6.4K |
| 15 | GLDSPDR GOLD TR | GOLD SHS | 0.24% | $435,941 | 1.1K |
| 16 | AXPAMERICAN EXPRESS CO | COM | 0.19% | $339,614 | 918 |
| 17 | HDHOME DEPOT INC | COM | 0.16% | $298,268 | 867 |
| 18 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.14% | $253,852 | 857 |
| 19 | GOOGALPHABET INC | CAP STK CL C | 0.13% | $243,647 | 776 |
| 20 | AMZNAMAZON COM INC | COM | 0.13% | $243,284 | 1.1K |
| 21 | DEDEERE & CO | COM | 0.13% | $241,631 | 519 |
| 22 | UNHUNITEDHEALTH GROUP INC | COM | 0.12% | $223,747 | 678 |
| 23 | NKENIKE INC | CL B | 0.12% | $221,838 | 3.5K |
| 24 | MSMORGAN STANLEY | COM NEW | 0.12% | $221,735 | 1.2K |
| 25 | SCHFSCHWAB STRATEGIC TR | INTL EQTY ETF | 0.12% | $221,336 | 9.2K |
| 26 | FNFFIDELITY NATIONAL FINANCIAL | COM SHS | 0.12% | $220,216 | 4.0K |
| 27 | MISTMILESTONE PHARMACEUTICALS IN | COM | 0.02% | $40,400 | 20.0K |
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 ↗.