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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

Q4 2025 · Filed 2026-01-22
Market Value
$1.1B
+2.8%
Holdings
202
-2
New Purchases
8
Added To
72
Closed
6
Reduced
99
Top 10 Concentration
28.3%
Turnover
6.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EOG 1.34% 0.73% +0.61% $14M
GOOGL 3.07% 2.60% +0.47% $33M
AVEM 0.53% 0.09% +0.44% $6M
GOOG 1.68% 1.40% +0.28% $18M
NKE 0.21% 0.00% +0.21% $2M
NOW 0.73% 0.56% +0.17% $8M
VRTX 0.95% 0.80% +0.15% $10M
IQV 0.93% 0.80% +0.13% $10M
AAPL 5.72% 5.61% +0.12% $61M
DHR 1.02% 0.92% +0.09% $11M
BMY 0.58% 0.50% +0.08% $6M
EW 0.62% 0.54% +0.08% $7M
XLP 0.08% 0.00% +0.08% $825K
SPY 0.27% 0.20% +0.08% $3M
CSCO 0.90% 0.82% +0.07% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
J 0.94% 1.32% -0.38% $10M
ORCL 0.78% 1.12% -0.34% $8M
HD 1.98% 2.31% -0.33% $21M
NOC 1.57% 1.75% -0.17% $17M
PANW 1.37% 1.54% -0.17% $15M
PG 1.51% 1.68% -0.16% $16M
MSFT 1.35% 1.49% -0.14% $14M
TEL 0.85% 0.98% -0.13% $9M
CARR 0.92% 1.04% -0.12% $10M
PYPL 0.55% 0.67% -0.12% $6M
META 0.69% 0.79% -0.10% $7M
NFLX 0.41% 0.51% -0.10% $4M
WSM 0.67% 0.76% -0.09% $7M
ASML 0.91% 1.01% -0.09% $10M
NXPI 1.03% 1.12% -0.09% $11M

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 58 $574M 53.5%
Large Cap 130 $487M 45.4%
Mid Cap 8 $10M 0.9%
Small Cap 6 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$317.2B
Median Market Cap
$92.3B
Avg P/E
36.9
Median P/E
27.0
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
148
# ETFs / Funds
54

Top Holdings (202 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 5.72% 225,706 $61M $271.86 $3M -4,080 -1.8%
2 VTI 3.89% 124,363 $42M $335.27 $500K -1,167 -0.9%
3 GOOGL 3.07% 105,355 $33M $313.00 $6M -6,416 -5.7%
4 QCOM 3.02% 189,103 $32M $171.05 $872K -89 -0.1%
5 VEU 2.42% 352,707 $26M $73.56 $1M +5,622 +1.6%
6 MS 2.20% 133,139 $24M $177.53 $1M -8,094 -5.7%
7 AMZN 2.04% 94,822 $22M $230.82 $1M +380 +0.4%
8 V 1.99% 60,872 $21M $350.71 $794K +662 +1.1%
9 HD 1.98% 61,714 $21M $344.10 -$3M +2,268 +3.8%
10 PEP 1.96% 146,242 $21M $143.52 $1M +4,114 +2.9%
11 JPM 1.94% 64,715 $21M $322.22 -$57K -1,573 -2.4%
12 VEA 1.84% 315,989 $20M $62.47 $860K +900 +0.3%
13 GOOG 1.68% 57,531 $18M $313.80 $3M -2,397 -4.0%
14 NOC 1.57% 29,570 $17M $570.22 -$1M -343 -1.1%
15 CVX 1.54% 108,026 $16M $152.41 -$240K +458 +0.4%
16 PG 1.51% 113,294 $16M $143.31 -$1M -648 -0.6%
17 TRV 1.40% 51,643 $15M $290.06 $496K -227 -0.4%
18 PANW 1.37% 79,640 $15M $184.20 -$1M +880 +1.1%
19 MSFT 1.35% 29,947 $14M $483.63 -$1M +1
20 EOG 1.34% 136,802 $14M $105.01 $7M +68,498 +100.3%
21 BRK-B 1.31% 27,881 $14M $502.65 $118K +240 +0.9%
22 IVV 1.27% 19,932 $14M $684.93 $346K +52 +0.3%
23 MA 1.26% 23,736 $14M $570.88 -$173K -391 -1.6%
24 QQQ 1.21% 21,206 $13M $614.32 -$370K -1,110 -5.0%
25 IJH 1.14% 185,760 $12M $66.00 $507K +5,663 +3.1%
26 AVDV 1.11% 126,410 $12M $93.97 $601K -267 -0.2%
27 COST 1.07% 13,338 $12M $862.33 $664K +1,630 +13.9%
28 NXPI 1.03% 51,114 $11M $217.06 -$625K -350 -0.7%
29 DHR 1.02% 47,642 $11M $228.92 $1M -990 -2.0%
30 GS 0.96% 11,707 $10M $879.00 $627K -428 -3.5%
31 VRTX 0.95% 22,376 $10M $453.36 $2M +1,188 +5.6%
32 J 0.94% 76,179 $10M $132.46 -$4M -15,669 -17.1%
33 IQV 0.93% 44,216 $10M $225.41 $2M +125 +0.3%
34 JNJ 0.92% 47,934 $10M $206.95 $811K -1,195 -2.4%
35 CARR 0.92% 185,983 $10M $52.84 -$1M +4,052 +2.2%
36 ASML 0.91% 9,158 $10M $1,069.86 -$706K -1,692 -15.6%
37 CSCO 0.90% 124,758 $10M $77.03 $1M -835 -0.7%
38 RTX 0.87% 51,067 $9M $183.40 $399K -2,517 -4.7%
39 TEL 0.85% 40,249 $9M $227.51 -$1M -6,555 -14.0%
40 DIS 0.83% 78,447 $9M $113.77 $326K +3,349 +4.5%
41 AMGN 0.82% 26,990 $9M $327.31 $982K -832 -3.0%
42 RSG 0.82% 41,439 $9M $211.93 $34K +3,316 +8.7%
43 HON 0.79% 43,703 $9M $195.09 -$685K -55 -0.1%
44 VCSH 0.79% 106,220 $8M $79.73 $440K +5,775 +5.8%
45 ORCL 0.78% 43,136 $8M $194.91 -$3M +1,414 +3.4%
46 RMD 0.74% 33,069 $8M $240.87 -$625K +1,687 +5.4%
47 NOW 0.73% 50,940 $8M $153.19 $2M +44,620 +706.0%
48 ROK 0.73% 20,005 $8M $389.08 $712K -225 -1.1%
49 CBRE 0.72% 48,279 $8M $160.79 $169K +84 +0.2%
50 PNC 0.70% 36,204 $8M $208.73 $279K -15 -0.0%
51 PSX 0.70% 57,803 $7M $129.04 -$208K +1,435 +2.5%
52 META 0.69% 11,231 $7M $660.09 -$856K -30 -0.3%
53 NVDA 0.67% 38,355 $7M $186.50 -$4K -3 -0.0%
54 WSM 0.67% 40,030 $7M $178.59 -$792K -600 -1.5%
55 NEE 0.66% 88,805 $7M $80.28 $213K -2,818 -3.1%
56 AEP 0.65% 60,807 $7M $115.31 $176K +49 +0.1%
57 ENB 0.65% 144,647 $7M $47.83 -$311K +1,385 +1.0%
58 IJR 0.64% 57,192 $7M $120.18 $233K +1,314 +2.4%
59 LMT 0.64% 14,119 $7M $483.68 -$224K -9 -0.1%
60 EW 0.62% 77,715 $7M $85.25 $1M +5,630 +7.8%
61 TROW 0.61% 64,133 $7M $102.38 -$257K -2,342 -3.5%
62 VCIT 0.61% 78,143 $7M $83.75 $113K +1,673 +2.2%
63 MDT 0.60% 67,476 $6M $96.06 $31K -252 -0.4%
64 WMT 0.60% 57,624 $6M $111.41 -$14K -4,805 -7.7%
65 IEFA 0.60% 71,735 $6M $89.46 $54K -1,146 -1.6%
66 MCD 0.60% 20,966 $6M $305.62 $109K +239 +1.1%
67 APD 0.60% 25,915 $6M $247.02 -$730K -233 -0.9%
68 VYM 0.59% 44,110 $6M $143.52 -$23K -966 -2.1%
69 BMY 0.58% 116,022 $6M $53.94 $1M +302 +0.3%
70 SO 0.58% 71,730 $6M $87.20 -$411K +1,389 +2.0%
71 PYPL 0.55% 100,818 $6M $58.38 -$1M -3,755 -3.6%
72 O 0.55% 103,708 $6M $56.37 -$335K +2,035 +2.0%
73 AVEM 0.53% 74,335 $6M $77.02 $5M +61,520 +480.1%
74 AMTM 0.51% 187,466 $5M $29.00 $889K -2,393 -1.3%
75 GPC 0.49% 43,034 $5M $122.96 -$517K +1,125 +2.7%
76 AVUV 0.43% 45,528 $5M $101.98 $266K +1,550 +3.5%
77 NFLX 0.41% 47,474 $4M $93.76 -$896K +43,014 +964.4%
78 ABBV 0.41% 19,090 $4M $228.49 -$116K -250 -1.3%
79 EFV 0.40% 59,752 $4M $71.41 $62K -2,237 -3.6%
80 WM 0.39% 18,874 $4M $219.71 $391K +1,867 +11.0%
81 RSP 0.37% 20,702 $4M $191.56 $138K +525 +2.6%
82 IVE 0.37% 18,614 $4M $212.08 $77K -128 -0.7%
83 SMH 0.36% 10,834 $4M $360.13 $399K +101 +0.9%
84 ABT 0.35% 29,868 $4M $125.29 -$340K -607 -2.0%
85 NVS 0.34% 26,293 $4M $137.87 $205K -379 -1.4%
86 XLF 0.31% 61,600 $3M $54.77 $155K +1,843 +3.1%
87 SPY 0.27% 4,297 $3M $681.98 $872K +1,206 +39.0%
88 XOM 0.27% 23,887 $3M $120.34 -$200K -3,380 -12.4%
89 VXF 0.25% 12,709 $3M $209.12 -$364K -1,725 -11.9%
90 TSLA 0.24% 5,624 $3M $449.72 $12K -36 -0.6%
91 IWS 0.24% 17,893 $3M $141.05 -$68K -664 -3.6%
92 LLY 0.23% 2,331 $3M $1,074.68 $609K -154 -6.2%
93 VBR 0.22% 11,343 $2M $211.80 -$22K -274 -2.4%
94 IBM 0.22% 8,100 $2M $296.21 $79K -123 -1.5%
95 NKE 0.21% 35,198 $2M $63.71 +35,198 NEW
96 MAA 0.18% 14,194 $2M $138.91 $283K +2,109 +17.4%
97 PLD 0.18% 15,421 $2M $127.66 $196K -59 -0.4%
98 UNP 0.18% 8,350 $2M $231.31 -$54K -49 -0.6%
99 CPT 0.17% 17,040 $2M $110.08 $425K +3,451 +25.4%
100 AFL 0.17% 16,477 $2M $110.27 $81K +940 +6.0%

New Positions

SymbolValue% Port
NKE $2M 0.21%
XLP $825K 0.08%
SCHB $268K 0.03%
BAC $237K 0.02%
SYK $231K 0.02%
TXN $224K 0.02%
ED $219K 0.02%
VB $202K 0.02%

Sold Out Positions

SymbolValue% Port
BRK-A —%
VLTO —%
GEV —%
CAG —%
ALNY —%
NYCB-PU —%
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