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Asset Manager ← All Institutions

Telos Capital Management, Inc.

13480 EVENING CREEK DRIVE NORTH SUITE 250, SAN DIEGO, CA 92128 • 858 271-6350

Q2 2025 · Filed 2025-08-05
Market Value
$982M
+7.0%
Holdings
201
-4
New Purchases
10
Added To
123
Closed
5
Reduced
54
Top 10 Concentration
26.7%
Turnover
7.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CARR 1.28% 0.77% +0.52% $13M
PANW 1.56% 1.11% +0.45% $15M
ORCL 1.17% 0.79% +0.38% $11M
VTI 4.06% 3.75% +0.31% $40M
SMH 0.31% 0.00% +0.31% $3M
MSFT 1.51% 1.24% +0.28% $15M
MS 2.06% 1.83% +0.23% $20M
JPM 1.96% 1.74% +0.21% $19M
AMZN 2.09% 1.90% +0.20% $21M
VEU 2.32% 2.13% +0.19% $23M
QQQ 1.28% 1.11% +0.17% $13M
GS 0.89% 0.72% +0.17% $9M
NVDA 0.62% 0.45% +0.17% $6M
META 0.85% 0.69% +0.17% $8M
NFLX 0.52% 0.36% +0.15% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 0.00% 0.84% -0.84% $0
AAPL 4.80% 5.51% -0.71% $47M
ZTS 0.20% 0.78% -0.58% $2M
PEP 1.82% 2.19% -0.36% $18M
PG 1.81% 2.09% -0.28% $18M
CVX 1.57% 1.82% -0.25% $15M
BRK-B 1.31% 1.52% -0.21% $13M
BMY 0.53% 0.73% -0.19% $5M
QCOM 3.10% 3.27% -0.17% $30M
WM 0.36% 0.52% -0.16% $4M
HD 2.15% 2.30% -0.15% $21M
MCD 0.61% 0.75% -0.14% $6M
UPS 0.96% 1.10% -0.13% $9M
NOC 1.53% 1.66% -0.13% $15M
JNJ 0.76% 0.88% -0.11% $7M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 34.8%
Technology 16.8%
Industrials 9.5%
Healthcare 8.9%
Communication Services 6.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 56 $510M 51.9%
Large Cap 131 $455M 46.3%
Mid Cap 7 $10M 1.0%
Small Cap 6 $8M 0.8%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$312.6B
Median Market Cap
$90.0B
Avg P/E
35.7
Median P/E
26.6
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
147
# ETFs / Funds
54

Top Holdings (201 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 4.80% 229,806 $47M $205.17 -$3M +2,032 +0.9%
2 VTI 4.06% 131,309 $40M $303.93 $5M +6,064 +4.8%
3 QCOM 3.10% 191,248 $30M $159.26 $470K -3,972 -2.0%
4 VEU 2.32% 338,827 $23M $67.22 $3M +16,510 +5.1%
5 HD 2.15% 57,609 $21M $366.64 -$18K -73 -0.1%
6 V 2.14% 59,134 $21M $355.05 $745K +1,351 +2.3%
7 AMZN 2.09% 93,764 $21M $219.39 $3M +2,324 +2.5%
8 MS 2.06% 143,372 $20M $140.86 $3M -674 -0.5%
9 GOOGL 2.02% 112,477 $20M $176.23 $3M +1,640 +1.5%
10 JPM 1.96% 66,323 $19M $289.91 $3M +1,036 +1.6%
11 PEP 1.82% 135,676 $18M $132.04 -$2M +1,890 +1.4%
12 PG 1.81% 111,510 $18M $159.32 -$1M -1,239 -1.1%
13 VEA 1.81% 311,466 $18M $57.01 $2M +1,970 +0.6%
14 CVX 1.57% 107,940 $15M $143.19 -$1M +7,872 +7.9%
15 PANW 1.56% 75,086 $15M $204.64 $5M +15,273 +25.5%
16 NOC 1.53% 30,056 $15M $499.99 -$220K +275 +0.9%
17 MSFT 1.51% 29,884 $15M $497.40 $4M -356 -1.2%
18 TRV 1.39% 51,126 $14M $267.54 -$69K -857 -1.6%
19 MA 1.39% 24,293 $14M $561.94 $345K +17 +0.1%
20 BRK-B 1.31% 26,508 $13M $485.78 -$1M +305 +1.2%
21 CARR 1.28% 172,026 $13M $73.19 $6M +61,200 +55.2%
22 QQQ 1.28% 22,797 $13M $551.63 $2M +1,071 +4.9%
23 IVV 1.26% 19,891 $12M $620.91 $2M +1,493 +8.1%
24 J 1.24% 92,342 $12M $131.45 $1M +537 +0.6%
25 ORCL 1.17% 52,490 $11M $218.63 $4M +569 +1.1%
26 NXPI 1.14% 51,102 $11M $218.49 $976K -2,511 -4.7%
27 IJH 1.12% 177,116 $11M $62.02 $1M +10,484 +6.3%
28 COST 1.09% 10,776 $11M $989.95 $815K +358 +3.4%
29 GOOG 1.06% 58,831 $10M $177.39 $1M +26 +0.0%
30 HON 1.00% 42,160 $10M $232.88 $1M +1,428 +3.5%
31 UPS 0.96% 93,666 $9M $100.94 -$614K +2,122 +2.3%
32 DHR 0.95% 47,160 $9M $197.54 $33K +1,879 +4.2%
33 DIS 0.93% 74,005 $9M $124.01 $2M -582 -0.8%
34 CSCO 0.89% 126,155 $9M $69.38 $1M +560 +0.5%
35 GS 0.89% 12,348 $9M $707.75 $2M +200 +1.6%
36 VRTX 0.87% 19,242 $9M $445.20 -$245K +1,068 +5.9%
37 META 0.85% 11,335 $8M $738.09 $2M +407 +3.7%
38 ASML 0.85% 10,387 $8M $801.39 $2M +274 +2.7%
39 RSG 0.85% 33,693 $8M $246.61 $81K -283 -0.8%
40 TEL 0.82% 47,841 $8M $168.67 $1M +296 +0.6%
41 RTX 0.81% 54,757 $8M $146.02 $564K -1,345 -2.4%
42 VCSH 0.81% 100,042 $8M $79.50 -$38K -1,189 -1.2%
43 RMD 0.81% 30,721 $8M $258.00 $1M +216 +0.7%
44 EOG 0.79% 65,034 $8M $119.61 -$134K +3,335 +5.4%
45 AMGN 0.79% 27,672 $8M $279.21 -$299K +1,912 +7.4%
46 PYPL 0.76% 100,725 $7M $74.32 $1M +4,145 +4.3%
47 JNJ 0.76% 48,926 $7M $152.75 -$563K +467 +1.0%
48 APD 0.75% 26,132 $7M $282.06 -$453K -398 -1.5%
49 TROW 0.74% 74,832 $7M $96.50 -$322K -7,276 -8.9%
50 PNC 0.68% 36,070 $7M $186.42 $388K +24 +0.1%
51 CBRE 0.68% 47,927 $7M $140.12 $746K +2,278 +5.0%
52 ROK 0.68% 20,042 $7M $332.18 $1M -1,014 -4.8%
53 WSM 0.68% 40,630 $7M $163.37 $269K +350 +0.9%
54 LMT 0.67% 14,121 $7M $463.15 $313K +182 +1.3%
55 IQV 0.66% 41,006 $6M $157.59 -$596K +971 +2.4%
56 ENB 0.66% 142,382 $6M $45.32 $186K +949 +0.7%
57 PSX 0.65% 53,565 $6M $119.30 -$82K +1,150 +2.2%
58 SO 0.65% 69,521 $6M $91.83 $30K +418 +0.6%
59 NEE 0.64% 91,115 $6M $69.42 -$90K +619 +0.7%
60 VCIT 0.64% 75,808 $6M $82.92 $4K -1,027 -1.3%
61 DLS 0.63% 82,581 $6M $75.11 $784K +476 +0.6%
62 AEP 0.63% 59,753 $6M $103.76 -$356K -241 -0.4%
63 IEFA 0.62% 72,896 $6M $83.48 $616K +593 +0.8%
64 NOW 0.62% 5,895 $6M $1,028.08 $2M +200 +3.5%
65 NVDA 0.62% 38,262 $6M $157.99 $2M +229 +0.6%
66 WMT 0.61% 61,707 $6M $97.78 $420K -2,239 -3.5%
67 MCD 0.61% 20,523 $6M $292.17 -$884K -1,502 -6.8%
68 VYM 0.61% 44,779 $6M $133.31 $474K +2,165 +5.1%
69 MDT 0.60% 68,019 $6M $87.17 -$48K +1,497 +2.2%
70 IJR 0.60% 53,835 $6M $109.29 $448K +1,859 +3.6%
71 O 0.58% 99,467 $6M $57.61 -$11K +489 +0.5%
72 BMY 0.53% 113,451 $5M $46.29 -$1M +3,739 +3.4%
73 AMTM 0.53% 220,718 $5M $23.61 $549K -35,460 -13.8%
74 NFLX 0.52% 3,787 $5M $1,339.13 $2M +195 +5.4%
75 GPC 0.51% 41,521 $5M $121.31 $165K +626 +1.5%
76 EW 0.50% 62,415 $5M $78.21 $876K +7,156 +12.9%
77 AVDV 0.43% 53,355 $4M $79.28 $619K +1,580 +3.0%
78 ABT 0.42% 30,600 $4M $136.01 $122K +144 +0.5%
79 AVUV 0.40% 42,992 $4M $91.10 $494K +3,724 +9.5%
80 EFV 0.40% 61,569 $4M $63.48 $351K +1,211 +2.0%
81 ABBV 0.38% 19,876 $4M $185.62 -$546K -337 -1.7%
82 IVE 0.37% 18,491 $4M $195.42 $376K +1,504 +8.8%
83 ADBE 0.36% 9,171 $4M $386.88 -$217K -647 -6.6%
84 RSP 0.36% 19,502 $4M $181.74 $411K +1,417 +7.8%
85 WM 0.36% 15,449 $4M $228.83 -$1M -5,030 -24.6%
86 NVS 0.33% 26,690 $3M $121.01 $171K -748 -2.7%
87 XLF 0.32% 59,562 $3M $52.37 $532K +7,616 +14.7%
88 XOM 0.31% 28,696 $3M $107.80 -$220K +835 +3.0%
89 SMH 0.31% 10,813 $3M $278.88 +10,813 NEW
90 VXF 0.30% 15,066 $3M $192.71 $514K +1,194 +8.6%
91 LLY 0.26% 3,280 $3M $779.61 $920K +1,298 +65.5%
92 ACN 0.26% 8,546 $3M $298.89 $134K +788 +10.2%
93 IWS 0.25% 18,906 $2M $132.14 $233K +921 +5.1%
94 VBR 0.23% 11,831 $2M $195.01 $285K +975 +9.0%
95 IBM 0.23% 7,794 $2M $294.78 $347K -52 -0.7%
96 ZTS 0.20% 12,867 $2M $155.95 -$5M -30,695 -70.5%
97 UNP 0.20% 8,389 $2M $230.07 -$70K -77 -0.9%
98 DE 0.18% 3,416 $2M $508.49 $145K +25 +0.7%
99 PLD 0.16% 14,653 $2M $105.12 $528K +5,593 +61.7%
100 TSLA 0.15% 4,778 $2M $317.66 $297K +68 +1.4%

New Positions

SymbolValue% Port
SMH $3M 0.31%
NYCB-PU $354K 0.04%
BLK $271K 0.03%
REGN $253K 0.03%
XLI $250K 0.03%
TXN $223K 0.02%
XLK $210K 0.02%
IWB $208K 0.02%
MU $208K 0.02%
SYK $201K 0.02%

Sold Out Positions

SymbolValue% Port
SRE —%
CAG —%
UNH —%
OPRT —%
SCHX —%
View SEC EDGAR Filings for Telos Capital Management, Inc. →

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