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TRB Advisors LP

244 FIFTH AVENUE SUITE 2927, NEW YORK, NY 10001 • 212-256-8500

Q3 2025 · Filed 2025-10-31
Market Value
$519M
+24.4%
Holdings
15
+4
New Purchases
4
Added To
2
Closed
2
Reduced
2
Top 10 Concentration
97.8%
Turnover
40.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 56.02% 37.44% +18.59% $291M
QQQ 3.47% 0.00% +3.47% $18M
TQQQ 3.47% 0.00% +3.47% $18M
SPGI 0.94% 0.00% +0.94% $5M
TOGA 3.43% 2.70% +0.73% $18M
CPNG 0.36% 0.00% +0.36% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 11.97% 23.25% -11.27% $62M
META 0.00% 7.08% -7.08% $0
AMZN 0.00% 5.26% -5.26% $0
V 5.26% 6.81% -1.55% $27M
KKR 4.63% 5.90% -1.27% $24M
SPY 0.94% 1.26% -0.33% $5M
MCO 0.92% 1.20% -0.28% $5M
AAPL 7.50% 7.77% -0.27% $39M
MA 1.10% 1.35% -0.25% $6M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 62.2%
Financial Services 37.8%
Consumer Cyclical 0.0%
Communication Services 0.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $448M 86.3%
Large Cap 5 $54M 10.3%
Micro Cap 1 $18M 3.4%

Portfolio Analytics

Avg Market Cap
$1.1T
Median Market Cap
$443.1B
Avg P/E
28.7
Median P/E
28.3
Avg Dividend Yield
0.01%
Avg Beta
1.34
# Stocks
10
# ETFs / Funds
5

Top Holdings (15 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 56.02% 475,000 $291M $612.38 $135M +200,000 +72.7%
2 MSFT 11.97% 120,000 $62M $517.95 -$35M -75,000 -38.5%
3 AAPL 7.50% 153,000 $39M $254.63 $7M -5,000 -3.2%
4 V 5.26% 80,000 $27M $341.38 -$1M
5 KKR 4.63% 185,000 $24M $129.95 -$570K
6 QQQ 3.47% 30,000 $18M $600.37 +30,000 NEW
7 TQQQ 3.47% 30,000 $18M $600.37 +30,000 NEW
8 TOGA 3.43% 500,000 $18M $35.57 $7M +175,000 +53.9%
9 MA 1.10% 10,000 $6M $568.81 $69K
10 SPY 0.94% 10,000 $5M $486.71 -$406K
11 SPGI 0.94% 10,000 $5M $486.71 +10,000 NEW
12 MCO 0.92% 10,000 $5M $476.48 -$251K
13 CPNG 0.36% 57,866 $2M $32.20 +57,866 NEW
14 AMZN —% -$22M -100,000 -100.0% SOLD
15 META —% -$30M -40,000 -100.0% SOLD

New Positions

SymbolValue% Port
TQQQ $18M 3.47%
QQQ $18M 3.47%
SPGI $5M 0.94%
CPNG $2M 0.36%

Sold Out Positions

SymbolValue% Port
AMZN —%
META —%
View SEC EDGAR Filings for TRB Advisors LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms