Managers / Q3 2025 · view latest →
Everest Management Corp.
CIK 0002056683 · 10080 N. WOLFE ROAD, SUITE SW3-200, CUPERTINO, CA, 95014 · (408) 502-6015
Summary
Everest Management Corp. reported $157M in U.S.-listed holdings across 67 positions for Q3 2025.
The portfolio is heavily concentrated: DFUSUSD alone accounts for 34.9% of reported value.
Compared with Q2 2025, the fund opened 7 new positions and exited 5.
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 · 65.9% · $103M
- Common Stock · 33.2% · $52M
- Closed-End Fund · 0.8% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JNJJOHNSON & JOHNSON | NEW | +1.4K | 1.4K | +$253,655 | $253,655 |
| SCHWAB STRATEGIC TR | NEW | +10.6K | 10.6K | +$245,604 | $245,604 |
| VANGUARD INDEX FDS | NEW | +1.1K | 1.1K | +$222,738 | $222,738 |
| PLTRPALANTIR TECHNOLOGIES INC | NEW | +1.2K | 1.2K | +$221,640 | $221,640 |
| BACBANK AMERICA CORP | NEW | +4.2K | 4.2K | +$215,285 | $215,285 |
| UNHUNITEDHEALTH GROUP INC | NEW | +598 | 598 | +$206,489 | $206,489 |
| GE AEROSPACE | NEW | +681 | 681 | +$204,858 | $204,858 |
| ISHARES TR | SOLD OUT | −10.8K | 0 | −$1M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DFUSUSDDIMENSIONAL ETF TRUST | US EQUITY MARKET · US CORE EQUITY 2 · INTL HIGH PROFIT · US HIGH PROFITAB | 39.25% | $62M | 941.4K |
| 2 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 13.31% | $21M | 85.8K |
| 3 | VTVVANGUARD INDEX FDS | S&P 500 ETF SHS · TOTAL STK MKT · VALUE ETF · GROWTH ETF | 7.90% | $12M | 32.9K |
| 4 | GOLDMAN SACHS ETF TR | ACCES TREASURY · ACTIVEBETA US LG · ULTRA SHORT BOND | 4.65% | $7M | 74.8K |
| 5 | ISHARES TR | CORE MSCI TOTAL · SP SMCP600VL ETF · NATIONAL MUN ETF · RUS 1000 GRW ETF · RUS 1000 ETF | 4.48% | $7M | 70.3K |
| 6 | AVGOBROADCOM INChistory → | COM | 2.98% | $5M | 14.1K |
| 7 | AAPLAPPLE INChistory → | COM | 2.81% | $4M | 17.3K |
| 8 | MSFTMICROSOFT CORPhistory → | COM | 2.80% | $4M | 8.5K |
| 9 | NVDANVIDIA CORPORATIONhistory → | COM | 2.33% | $4M | 19.6K |
| 10 | VANGUARD STAR FDS | VG TL INTL STK F | 2.27% | $4M | 48.5K |
| 11 | PGIM ETF TR | PGIM ULTRA SH BD · AAA CLO ETF | 1.50% | $2M | 46.4K |
| 12 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 1.46% | $2M | 12.1K |
| 13 | VVISA INChistory → | COM CL A | 1.09% | $2M | 5.0K |
| 14 | AMZNAMAZON COM INChistory → | COM | 1.03% | $2M | 7.3K |
| 15 | ORCLORACLE CORP | COM | 0.94% | $1M | 5.3K |
| 16 | SCHWAB STRATEGIC TR | US LRG CAP ETF | 0.91% | $1M | 54.5K |
| 17 | SPMCSOUND POINT MERIDIAN CAP INC | COMMON STOCK | 0.84% | $1M | 75.6K |
| 18 | INTUINTUIT | COM | 0.72% | $1M | 1.6K |
| 19 | J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 0.70% | $1M | 17.4K |
| 20 | METAMETA PLATFORMS INC | CL A | 0.60% | $944,413 | 1.3K |
| 21 | TSLATESLA INC | COM | 0.54% | $852,528 | 1.9K |
| 22 | CRMSALESFORCE INC | COM | 0.51% | $798,690 | 3.4K |
| 23 | WISDOMTREE TR | EMG MKTS SMCAP | 0.42% | $664,355 | 11.6K |
| 24 | ANETARISTA NETWORKS INC | COM SHS | 0.35% | $548,890 | 3.8K |
| 25 | VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 0.34% | $538,224 | 10.9K |
| 26 | JPMJPMORGAN CHASE & CO. | COM | 0.34% | $532,446 | 1.7K |
| 27 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.33% | $517,319 | 1.0K |
| 28 | SPDR S&P 500 ETF TR | TR UNIT | 0.24% | $380,498 | 571 |
| 29 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.24% | $370,725 | 6.2K |
| 30 | NFLXNETFLIX INC | COM | 0.23% | $363,273 | 303 |
| 31 | COSTCOSTCO WHSL CORP NEW | COM | 0.23% | $357,293 | 386 |
| 32 | LLYELI LILLY & CO | COM | 0.21% | $325,038 | 426 |
| 33 | AMDADVANCED MICRO DEVICES INC | COM | 0.21% | $321,800 | 2.0K |
| 34 | VANGUARD WORLD FD | INF TECH ETF | 0.20% | $315,078 | 422 |
| 35 | MAMASTERCARD INCORPORATED | CL A | 0.19% | $303,176 | 533 |
| 36 | ISHARES INC | CORE MSCI EMKT | 0.19% | $296,508 | 4.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $197M | 72 | May 7, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $179M | 63 | Feb 2, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $157M | 67 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $139M | 65 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $110M | 51 | Apr 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $114M | 50 | Feb 13, 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 ↗.