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Asset Manager ← All Institutions

LYELL WEALTH MANAGEMENT, LP

3000 SAND HILL ROAD, BUILDING ONE SUITE 135, MENLO PARK, CA 94025 • 650-353-3692

Q2 2025 · Filed 2025-07-29
Market Value
$1.3B
+18.3%
Holdings
229
+20
New Purchases
27
Added To
79
Closed
10
Reduced
70
Top 10 Concentration
31.3%
Turnover
16.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 7.42% 5.97% +1.44% $94M
OWL 0.69% 0.00% +0.69% $9M
VRT 1.07% 0.50% +0.56% $13M
MSFT 3.54% 3.04% +0.50% $45M
APH 1.53% 1.17% +0.36% $19M
PWR 1.06% 0.71% +0.35% $13M
NFLX 1.71% 1.37% +0.34% $22M
META 3.02% 2.71% +0.31% $38M
BRK-B 0.65% 0.37% +0.28% $8M
NET 0.80% 0.53% +0.27% $10M
SMH 1.60% 1.35% +0.25% $20M
VOO 0.44% 0.19% +0.24% $6M
NOW 2.15% 1.92% +0.24% $27M
TSM 1.22% 1.00% +0.22% $15M
SNOW 1.05% 0.83% +0.22% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 2.97% 3.87% -0.89% $38M
CVX 0.32% 0.73% -0.41% $4M
XLE 0.21% 0.62% -0.41% $3M
TMO 1.03% 1.43% -0.40% $13M
SLB 0.20% 0.48% -0.28% $3M
ADBE 0.29% 0.57% -0.28% $4M
CRM 1.40% 1.66% -0.26% $18M
WDAY 1.79% 2.04% -0.25% $23M
ZTS 0.80% 1.04% -0.24% $10M
HD 1.30% 1.52% -0.22% $17M
COST 2.22% 2.43% -0.21% $28M
IBDQ 0.62% 0.83% -0.21% $8M
SPY 0.79% 1.00% -0.21% $10M
C 0.10% 0.28% -0.19% $1M
GLD 0.96% 1.14% -0.18% $12M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 32.2%
Financial Services 25.2%
Communication Services 14.0%
Industrials 9.1%
Consumer Cyclical 7.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 56 $578M 45.6%
Large Cap 142 $598M 47.3%
Mid Cap 22 $78M 6.2%
Small Cap 7 $11M 0.9%
Micro Cap 2 $495K 0.0%

Portfolio Analytics

Avg Market Cap
$286.3B
Median Market Cap
$85.7B
Avg P/E
41.0
Median P/E
28.0
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
160
# ETFs / Funds
69

Top Holdings (229 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.42% 594,220 $94M $157.99 $30M +4,849 +0.8%
2 MSFT 3.54% 90,100 $45M $497.41 $12M +3,432 +4.0%
3 META 3.02% 51,726 $38M $738.09 $9M +1,465 +2.9%
4 AAPL 2.97% 183,514 $38M $205.17 -$4M -2,688 -1.4%
5 AMZN 2.93% 169,355 $37M $219.39 $6M +3,450 +2.1%
6 PANW 2.66% 164,836 $34M $204.64 $6M +4,166 +2.6%
7 JPM 2.30% 100,270 $29M $289.91 $6M +4,490 +4.7%
8 COST 2.22% 28,341 $28M $989.94 $2M +859 +3.1%
9 NOW 2.15% 26,495 $27M $1,028.08 $7M +747 +2.9%
10 GOOGL 2.12% 152,482 $27M $176.23 $5M +7,865 +5.4%
11 INTU 1.97% 31,675 $25M $787.63 $6M +240 +0.8%
12 WDAY 1.79% 94,187 $23M $240.00 $829K +940 +1.0%
13 NFLX 1.71% 16,196 $22M $1,339.13 $7M +443 +2.8%
14 SMH 1.60% 72,746 $20M $278.88 $6M +4,251 +6.2%
15 ISRG 1.53% 35,658 $19M $543.41 $2M +1,171 +3.4%
16 APH 1.53% 195,573 $19M $98.75 $7M +5,504 +2.9%
17 SHOP 1.50% 164,816 $19M $115.35 $4M +4,558 +2.8%
18 V 1.47% 52,274 $19M $355.05 $1M +3,586 +7.4%
19 CRM 1.40% 64,808 $18M $272.69 -$65K -1,290 -1.9%
20 UBER 1.37% 185,905 $17M $93.30 $4M +9,540 +5.4%
21 GOOG 1.30% 93,102 $17M $177.39 $2M +2,147 +2.4%
22 HD 1.30% 45,026 $17M $366.64 $238K +630 +1.4%
23 VEEV 1.23% 54,208 $16M $287.98 $3M +563 +1.1%
24 ASML 1.23% 19,457 $16M $801.39 $3M -26 -0.1%
25 CDNS 1.23% 50,339 $16M $308.15 $3M +2,357 +4.9%
26 TSM 1.22% 68,360 $15M $226.49 $5M +3,605 +5.6%
27 MS 1.20% 108,280 $15M $140.86 $3M +4,909 +4.8%
28 SYK 1.19% 38,010 $15M $395.63 $1M +869 +2.3%
29 DHI 1.17% 114,625 $15M $128.92 $667K +3,633 +3.3%
30 CAT 1.15% 37,363 $15M $388.21 $3M +1,445 +4.0%
31 VRT 1.07% 105,062 $13M $128.41 $8M +30,860 +41.6%
32 PWR 1.06% 35,571 $13M $378.08 $6M +5,490 +18.2%
33 SNOW 1.05% 59,176 $13M $223.77 $4M -1,509 -2.5%
34 TMO 1.03% 32,114 $13M $405.46 -$2M +1,333 +4.3%
35 IDXX 0.98% 23,142 $12M $536.34 $3M +677 +3.0%
36 AMD 0.97% 86,746 $12M $141.90 $3M -3,991 -4.4%
37 HON 0.97% 52,726 $12M $232.88 $1M +971 +1.9%
38 GLD 0.96% 39,810 $12M $304.83 -$73K -2,558 -6.0%
39 WMT 0.92% 118,633 $12M $97.78 $2M +14,620 +14.1%
40 MA 0.84% 18,866 $11M $561.94 $1M +1,926 +11.4%
41 DLR 0.82% 59,419 $10M $174.33 $2M +1,457 +2.5%
42 EXTR 0.81% 568,991 $10M $17.95 $3M
43 ZTS 0.80% 65,082 $10M $155.95 -$944K -2,294 -3.4%
44 NET 0.80% 51,823 $10M $195.83 $4M +1,075 +2.1%
45 SPY 0.79% 16,241 $10M $617.84 -$716K -2,976 -15.5%
46 IBDS 0.78% 409,350 $10M $24.27 $518K +19,901 +5.1%
47 IBDT 0.75% 373,853 $10M $25.42 $543K +19,115 +5.4%
48 IBDR 0.75% 391,583 $9M $24.25 $671K +27,066 +7.4%
49 LEN 0.74% 84,184 $9M $110.61 -$248K +899 +1.1%
50 BR 0.73% 38,127 $9M $243.03 $537K +2,126 +5.9%
51 TMUS 0.71% 37,579 $9M $238.26 $834K +7,136 +23.4%
52 ABT 0.70% 64,861 $9M $136.01 $846K +4,733 +7.9%
53 TOL 0.70% 77,178 $9M $114.13 $2M +8,276 +12.0%
54 OWL 0.69% 453,017 $9M $19.21 +453,017 NEW
55 XLI 0.68% 58,086 $9M $147.52 $1M +1,335 +2.4%
56 IBDU 0.67% 365,736 $9M $23.33 $513K +19,033 +5.5%
57 GWRE 0.65% 35,190 $8M $235.45 $2M
58 BRK-B 0.65% 16,827 $8M $485.77 $4M +9,452 +128.2%
59 BLK 0.64% 7,729 $8M $1,049.25 $1M +458 +6.3%
60 DE 0.63% 15,749 $8M $508.49 $1M +1,368 +9.5%
61 UNP 0.63% 34,553 $8M $230.08 $34K +1,044 +3.1%
62 IBDQ 0.62% 310,222 $8M $25.18 -$1M -42,873 -12.1%
63 IBDV 0.58% 333,362 $7M $21.98 $329K +11,154 +3.5%
64 TTD 0.52% 92,072 $7M $71.99 $1M -6,267 -6.4%
65 FCX 0.48% 139,365 $6M $43.35 $694K -1,873 -1.3%
66 VOO 0.44% 9,713 $6M $568.05 $3M +5,676 +140.6%
67 IBDX 0.44% 218,025 $6M $25.28 $143K +3,150 +1.5%
68 IBDW 0.42% 253,000 $5M $21.04 $261K +9,025 +3.7%
69 DIS 0.40% 40,336 $5M $124.01 $1M +1,619 +4.2%
70 XLV 0.38% 35,621 $5M $134.79 -$552K -1,041 -2.8%
71 XLK 0.37% 18,313 $5M $253.23 $1M +955 +5.5%
72 AVGO 0.36% 16,490 $5M $275.65 $2M -104 -0.6%
73 BAC 0.33% 89,494 $4M $47.32 $466K -823 -0.9%
74 DXCM 0.32% 46,836 $4M $87.29 $333K -8,156 -14.8%
75 CVX 0.32% 28,181 $4M $143.19 -$4M -18,277 -39.3%
76 IVV 0.30% 6,093 $4M $620.90 $327K -58 -0.9%
77 ADBE 0.29% 9,466 $4M $386.88 -$2M -6,313 -40.0%
78 BLL 0.22% 49,507 $3M $56.09 -$123K -6,177 -11.1%
79 QQQ 0.22% 4,956 $3M $551.68 $629K +467 +10.4%
80 TIP 0.21% 24,308 $3M $110.04 -$15K +95 +0.4%
81 XLE 0.21% 31,539 $3M $84.81 -$4M -39,104 -55.4%
82 CRVL 0.21% 25,398 $3M $102.78 -$233K
83 SLB 0.20% 76,366 $3M $33.80 -$3M -47,452 -38.3%
84 IJH 0.20% 40,085 $2M $62.02 -$10K -2,700 -6.3%
85 RSP 0.20% 13,615 $2M $181.73 -$660K -4,481 -24.8%
86 IBDY 0.18% 90,245 $2M $25.91 $903K +34,125 +60.8%
87 XOM 0.18% 21,596 $2M $107.80 $142K +3,214 +17.5%
88 COP 0.17% 23,707 $2M $89.74 -$1M -7,780 -24.7%
89 IWM 0.16% 9,192 $2M $215.79 -$153K -1,520 -14.2%
90 OUNZ 0.15% 59,795 $2M $31.89 $105K
91 CCI 0.15% 18,298 $2M $102.73 -$277K -2,393 -11.6%
92 LLY 0.15% 2,391 $2M $779.53 -$155K -54 -2.2%
93 PRCT 0.14% 31,440 $2M $57.60 -$21K
94 PNC 0.14% 9,577 $2M $186.42 $102K
95 NKE 0.14% 24,073 $2M $71.04 -$1M -19,378 -44.6%
96 XLF 0.13% 31,989 $2M $52.37 -$174K -5,133 -13.8%
97 LOW 0.13% 7,183 $2M $221.87 $371K +1,940 +37.0%
98 FDN 0.12% 5,747 $2M $269.33 $280K +38 +0.7%
99 EFA 0.12% 17,000 $2M $89.39 -$16K -1,788 -9.5%
100 DASH 0.11% 5,800 $1M $246.51 -$264K -3,467 -37.4%

New Positions

SymbolValue% Port
OWL $9M 0.69%
VEU $1M 0.10%
TEL $1M 0.08%
MDT $893K 0.07%
BKNG $509K 0.04%
IBIT $495K 0.04%
DHR $454K 0.04%
VGK $453K 0.04%
VNQ $430K 0.03%
VGT $365K 0.03%
VUG $320K 0.03%
EWJ $309K 0.02%
TRV $309K 0.02%
PHO $302K 0.02%
INCO $293K 0.02%

Sold Out Positions

SymbolValue% Port
FDX —%
HPE —%
IQV —%
KEYS —%
A —%
HPQ —%
BHP —%
SWK —%
UNH —%
TRMB —%
View SEC EDGAR Filings for LYELL WEALTH MANAGEMENT, LP →

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