Managers / Q2 2025 · view latest →
Tepp RIA, LLC
CIK 0002055925 · 210 ELMER STREET, WESTFIELD, NJ, 07090 · 908-301-1200
Summary
Tepp Ria, LLC reported $77M in U.S.-listed holdings across 27 positions for Q2 2025.
The portfolio is heavily concentrated: Ishares Tr alone accounts for 28.1% of reported value.
Compared with Q1 2025, the fund opened 4 new positions and exited 4.
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
- ETP · 93.7% · $73M
- Common Stock · 4.5% · $3M
- ADR · 1.0% · $755,128
- MLP · 0.9% · $677,271
Quarter-over-Quarter Changes full breakdown →
vs Q1 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | NEW | +25.0K | 25.0K | +$3M | $3M |
| VANGUARD INDEX FDS | NEW | +1.0K | 1.0K | +$311,528 | $311,528 |
| KHCKRAFT HEINZ CO | NEW | +11.0K | 11.0K | +$284,153 | $284,153 |
| DWDMORGAN STANLEY | NEW | +1.9K | 1.9K | +$272,423 | $272,423 |
| GOLDMAN SACHS ETF TR | ADDED | +2.5K | 4.9K | +$332,535 | $598,268 |
| MRKMERCK & CO INC | SOLD OUT | −4.7K | 0 | −$425,899 | $0 |
| FIDELITY MERRIMACK STR TR | SOLD OUT | −8.4K | 0 | −$421,344 | $0 |
| SELECT SECTOR SPDR TR | SOLD OUT | −3.9K | 0 | −$319,438 | $0 |
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 | IYFISHARES TR | CORE S&P500 ETF · EXPANDED TECH · U.S. INSRNCE ETF · CORE S&P MCP ETF · U.S. FINLS ETF · US AER DEF ETF · RUSSELL 3000 ETF | 38.33% | $30M | 109.5K |
| 2 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 21.65% | $17M | 125.8K |
| 3 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 18.75% | $15M | 26.3K |
| 4 | GQ9SPDR GOLD TRhistory → | GOLD SHS | 9.80% | $8M | 24.9K |
| 5 | SELECT SECTOR SPDR TR | SBI HEALTHCARE | 1.72% | $1M | 9.9K |
| 6 | AAPLAPPLE INChistory → | COM | 1.45% | $1M | 5.5K |
| 7 | VANGUARD INDEX FDS | S&P 500 ETF SHS · TOTAL STK MKT | 0.98% | $760,840 | 1.8K |
| 8 | MSFTMICROSOFT CORP | COM | 0.87% | $672,033 | 1.4K |
| 9 | SPDR S&P 500 ETF TR | TR UNIT | 0.84% | $654,151 | 1.1K |
| 10 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.81% | $624,967 | 11.0K |
| 11 | HBC2HSBC HLDGS PLC | SPON ADR NEW | 0.79% | $612,007 | 10.1K |
| 12 | GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 0.77% | $598,268 | 4.9K |
| 13 | PRUPRUDENTIAL FINL INC | COM | 0.71% | $548,030 | 5.1K |
| 14 | ETENERGY TRANSFER L P | COM UT LTD PTN | 0.47% | $363,570 | 20.1K |
| 15 | ABALLIANCEBERNSTEIN HLDG L P | UNIT LTD PARTN | 0.40% | $313,701 | 7.7K |
| 16 | METAMETA PLATFORMS INC | CL A | 0.39% | $300,645 | 407 |
| 17 | KHCKRAFT HEINZ CO | COM | 0.37% | $284,153 | 11.0K |
| 18 | LMTLOCKHEED MARTIN CORP | COM | 0.35% | $274,179 | 592 |
| 19 | DWDMORGAN STANLEY | COM NEW | 0.35% | $272,423 | 1.9K |
| 20 | VALE S A | SPONSORED ADS | 0.18% | $143,121 | 14.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $128M | 41 | Apr 22, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $101M | 38 | Feb 4, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $88M | 36 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $77M | 27 | Jul 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $74M | 27 | Apr 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $68M | 30 | Feb 12, 2025 | 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 ↗.