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TRB Advisors LP

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

Q4 2025 · Filed 2026-02-09
Market Value
$426M
-18.0%
Holdings
15
New Purchases
2
Added To
4
Closed
5
Reduced
1
Top 10 Concentration
100.0%
Turnover
46.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
V 9.06% 5.26% +3.80% $39M
SPGI 3.68% 0.94% +2.75% $16M
MCO 3.60% 0.92% +2.68% $15M
AAPL 9.77% 7.50% +2.27% $42M
GOOGL 2.21% 0.00% +2.21% $9M
MSFT 13.64% 11.97% +1.67% $58M
KKR 5.58% 4.63% +0.95% $24M
TOGA 4.03% 3.43% +0.60% $17M
CVNA 0.54% 0.00% +0.54% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 47.89% 56.02% -8.13% $204M
TQQQ 0.00% 3.47% -3.47% $0
QQQ 0.00% 3.47% -3.47% $0
MA 0.00% 1.10% -1.10% $0
SPY 0.00% 0.94% -0.94% $0
CPNG 0.00% 0.36% -0.36% $0

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 8 $351M 82.6%
Large Cap 6 $57M 13.4%
Micro Cap 1 $17M 4.0%

Portfolio Analytics

Avg Market Cap
$1.1T
Median Market Cap
$440.5B
Avg P/E
29.4
Median P/E
28.5
Avg Dividend Yield
0.01%
Avg Beta
1.48
# 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 47.89% 325,000 $204M $627.13 -$87M -150,000 -31.6%
2 MSFT 13.64% 120,000 $58M $483.62 -$4M
3 AAPL 9.77% 153,000 $42M $271.86 $3M
4 V 9.06% 110,000 $39M $350.71 $11M +30,000 +37.5%
5 KKR 5.58% 186,166 $24M $127.48 -$308K +1,166 +0.6%
6 TOGA 4.03% 500,000 $17M $34.27 -$650K
7 SPGI 3.68% 30,000 $16M $522.59 $11M +20,000 +200.0%
8 MCO 3.60% 30,000 $15M $510.85 $11M +20,000 +200.0%
9 GOOGL 2.21% 30,000 $9M $313.00 +30,000 NEW
10 CVNA 0.54% 5,465 $2M $422.02 +5,465 NEW
11 CPNG —% -$2M -57,866 -100.0% SOLD
12 MA —% -$6M -10,000 -100.0% SOLD
13 QQQ —% -$18M -30,000 -100.0% SOLD
14 TQQQ —% -$18M -30,000 -100.0% SOLD
15 SPY —% -$5M -10,000 -100.0% SOLD

New Positions

SymbolValue% Port
GOOGL $9M 2.21%
CVNA $2M 0.54%

Sold Out Positions

SymbolValue% Port
CPNG —%
MA —%
TQQQ —%
SPY —%
QQQ —%
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