Managers / Q4 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 $179M in U.S.-listed holdings across 63 positions for Q4 2025.
The portfolio is heavily concentrated: DFUSUSD alone accounts for 29.1% of reported value.
Compared with Q3 2025, the fund opened 4 new positions and exited 8.
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 · 65.6% · $118M
- Common Stock · 33.8% · $61M
- Closed-End Fund · 0.6% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| EA SERIES TRUST | NEW | +381.9K | 381.9K | +$19M | $19M |
| CSCOCISCO SYS INC | NEW | +10.6K | 10.6K | +$818,598 | $818,598 |
| VANGUARD SCOTTSDALE FDS | NEW | +8.4K | 8.4K | +$502,933 | $502,933 |
| MUMICRON TECHNOLOGY INC | NEW | +819 | 819 | +$233,751 | $233,751 |
| NFLXNETFLIX INC | ADDED | +2.1K | 2.4K | −$138,155 | $225,118 |
| ISHARES TR | ADDED | +1.5K | 2.0K | +$1M | $1M |
| AMZNAMAZON COM INC | ADDED | +16.5K | 23.8K | +$4M | $5M |
| SCHWAB STRATEGIC TR | SOLD OUT | −54.5K | 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 — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DFUSUSDDIMENSIONAL ETF TRUST | US EQUITY MARKET · US CORE EQUITY 2 · INTL HIGH PROFIT · US HIGH PROFITAB | 32.73% | $59M | 878.1K |
| 2 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 15.01% | $27M | 85.9K |
| 3 | EA SERIES TRUST | ALPHA ARCHITECT | 10.51% | $19M | 381.9K |
| 4 | VTVVANGUARD INDEX FDS | S&P 500 ETF SHS · TOTAL STK MKT · VALUE ETF · GROWTH ETF | 8.00% | $14M | 38.1K |
| 5 | ISHARES TR | CORE MSCI TOTAL · CORE S&P500 ETF · SP SMCP600VL ETF · NATIONAL MUN ETF | 4.07% | $7M | 67.9K |
| 6 | AMZNAMAZON COM INChistory → | COM | 3.06% | $5M | 23.8K |
| 7 | GOLDMAN SACHS ETF TR | ACTIVEBETA US LG · ACCES TREASURY · ULTRA SHORT BOND | 2.92% | $5M | 51.6K |
| 8 | MSFTMICROSOFT CORPhistory → | COM | 2.47% | $4M | 9.2K |
| 9 | NVDANVIDIA CORPORATIONhistory → | COM | 2.39% | $4M | 23.0K |
| 10 | AVGOBROADCOM INChistory → | COM | 2.09% | $4M | 10.9K |
| 11 | VANGUARD STAR FDS | VG TL INTL STK F | 2.06% | $4M | 48.9K |
| 12 | AAPLAPPLE INChistory → | COM | 1.83% | $3M | 12.1K |
| 13 | PGIM ETF TR | PGIM ULTRA SH BD · AAA CLO ETF | 1.19% | $2M | 42.3K |
| 14 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 1.16% | $2M | 10.9K |
| 15 | VVISA INC | COM CL A | 0.96% | $2M | 4.9K |
| 16 | ORCLORACLE CORP | COM | 0.68% | $1M | 6.2K |
| 17 | J P MORGAN EXCHANGE TRADED F | US QUALTY FCTR | 0.61% | $1M | 17.4K |
| 18 | SPMCSOUND POINT MERIDIAN CAP INC | COMMON STOCK | 0.61% | $1M | 79.8K |
| 19 | INTUINTUIT | COM | 0.60% | $1M | 1.6K |
| 20 | CRMSALESFORCE INC | COM | 0.50% | $893,806 | 3.4K |
| 21 | METAMETA PLATFORMS INC | CL A | 0.46% | $821,152 | 1.2K |
| 22 | CSCOCISCO SYS INC | COM | 0.46% | $818,598 | 10.6K |
| 23 | TSLATESLA INC | COM | 0.41% | $734,842 | 1.6K |
| 24 | WISDOMTREE TR | EMG MKTS SMCAP | 0.37% | $666,612 | 11.6K |
| 25 | VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 0.30% | $543,068 | 11.2K |
| 26 | ANETARISTA NETWORKS INC | COM SHS | 0.29% | $518,748 | 4.0K |
| 27 | JPMJPMORGAN CHASE & CO. | COM | 0.28% | $507,174 | 1.6K |
| 28 | VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 0.28% | $502,933 | 8.4K |
| 29 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.27% | $485,057 | 965 |
| 30 | LLYELI LILLY & CO | COM | 0.25% | $456,739 | 425 |
| 31 | AMDADVANCED MICRO DEVICES INC | COM | 0.23% | $414,400 | 1.9K |
| 32 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.22% | $386,502 | 6.2K |
| 33 | SPDR S&P 500 ETF TR | TR UNIT | 0.21% | $371,291 | 544 |
| 34 | WMTWALMART INC | COM | 0.18% | $329,551 | 3.0K |
| 35 | VANGUARD WORLD FD | INF TECH ETF | 0.18% | $318,095 | 422 |
| 36 | COSTCOSTCO WHSL CORP NEW | COM | 0.17% | $306,993 | 356 |
| 37 | ISHARES INC | CORE MSCI EMKT | 0.17% | $297,785 | 4.4K |
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 ↗.