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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

Q3 2025 · Filed 2025-11-06
Market Value
$1.3B
+6.3%
Holdings
224
-5
New Purchases
5
Added To
70
Closed
13
Reduced
72
Top 10 Concentration
32.0%
Turnover
8.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 8.18% 7.42% +0.77% $110M
GOOGL 2.76% 2.12% +0.64% $37M
AAPL 3.43% 2.97% +0.46% $46M
GOOG 1.67% 1.30% +0.37% $22M
DHI 1.50% 1.17% +0.33% $20M
SHOP 1.82% 1.50% +0.32% $24M
SMH 1.87% 1.60% +0.27% $25M
APH 1.79% 1.53% +0.27% $24M
TOL 0.94% 0.70% +0.24% $13M
ASML 1.47% 1.23% +0.24% $20M
TSM 1.43% 1.22% +0.20% $19M
CAT 1.34% 1.15% +0.20% $18M
TMO 1.18% 1.03% +0.15% $16M
VRT 1.19% 1.07% +0.12% $16M
IDXX 1.10% 0.98% +0.12% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CRM 1.04% 1.40% -0.36% $14M
NOW 1.81% 2.15% -0.34% $24M
WDAY 1.46% 1.79% -0.33% $20M
ISRG 1.21% 1.53% -0.32% $16M
ZTS 0.49% 0.80% -0.31% $7M
INTU 1.68% 1.97% -0.29% $23M
TTD 0.28% 0.52% -0.24% $4M
ADBE 0.06% 0.29% -0.23% $814K
COST 1.99% 2.22% -0.23% $27M
NFLX 1.49% 1.71% -0.22% $20M
GWRE 0.46% 0.65% -0.19% $6M
MSFT 3.35% 3.54% -0.19% $45M
META 2.83% 3.02% -0.19% $38M
AMZN 2.77% 2.93% -0.17% $37M
PNC 0.00% 0.14% -0.14% $0

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 55 $641M 47.6%
Large Cap 135 $608M 45.2%
Mid Cap 23 $84M 6.3%
Small Cap 9 $12M 0.9%
Micro Cap 2 $493K 0.0%

Portfolio Analytics

Avg Market Cap
$290.5B
Median Market Cap
$85.8B
Avg P/E
41.8
Median P/E
28.1
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
153
# ETFs / Funds
71

Top Holdings (224 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 8.18% 590,528 $110M $186.58 $16M -3,692 -0.6%
2 AAPL 3.43% 181,525 $46M $254.63 $9M -1,989 -1.1%
3 MSFT 3.35% 87,113 $45M $517.95 $303K -2,987 -3.3%
4 META 2.83% 51,860 $38M $734.38 -$93K +134 +0.3%
5 AMZN 2.77% 169,794 $37M $219.57 $127K +439 +0.3%
6 GOOGL 2.76% 152,979 $37M $243.10 $10M +497 +0.3%
7 PANW 2.56% 168,972 $34M $203.62 $674K +4,136 +2.5%
8 JPM 2.26% 96,673 $30M $315.43 $1M -3,597 -3.6%
9 COST 1.99% 28,933 $27M $925.63 -$1M +592 +2.1%
10 SMH 1.87% 77,269 $25M $326.36 $5M +4,523 +6.2%
11 SHOP 1.82% 164,768 $24M $148.61 $5M -48 -0.0%
12 NOW 1.81% 26,454 $24M $920.28 -$3M -41 -0.1%
13 APH 1.79% 195,275 $24M $123.75 $5M -298 -0.1%
14 INTU 1.68% 33,084 $23M $682.91 -$2M +1,409 +4.5%
15 GOOG 1.67% 92,321 $22M $243.55 $6M -781 -0.8%
16 DHI 1.50% 118,837 $20M $169.47 $5M +4,212 +3.7%
17 NFLX 1.49% 16,739 $20M $1,198.92 -$2M +543 +3.4%
18 ASML 1.47% 20,500 $20M $968.09 $4M +1,043 +5.4%
19 WDAY 1.46% 81,561 $20M $240.73 -$3M -12,626 -13.4%
20 TSM 1.43% 68,802 $19M $279.29 $4M +442 +0.7%
21 UBER 1.37% 188,415 $18M $97.97 $1M +2,510 +1.4%
22 HD 1.37% 45,487 $18M $405.19 $2M +461 +1.0%
23 V 1.35% 53,047 $18M $341.38 -$451K +773 +1.5%
24 CAT 1.34% 37,855 $18M $477.15 $4M +492 +1.3%
25 CDNS 1.32% 50,784 $18M $351.26 $2M +445 +0.9%
26 MS 1.28% 108,798 $17M $158.96 $2M +518 +0.5%
27 ISRG 1.21% 36,386 $16M $447.23 -$3M +728 +2.0%
28 VEEV 1.20% 54,136 $16M $297.91 $517K -72 -0.1%
29 VRT 1.19% 106,056 $16M $150.86 $3M +994 +0.9%
30 TMO 1.18% 32,770 $16M $485.02 $3M +656 +2.0%
31 PWR 1.14% 37,002 $15M $414.42 $2M +1,431 +4.0%
32 IDXX 1.10% 23,177 $15M $638.89 $2M +35 +0.1%
33 GLD 1.07% 40,614 $14M $355.47 $2M +804 +2.0%
34 SYK 1.06% 38,533 $14M $369.67 -$793K +523 +1.4%
35 CRM 1.04% 58,915 $14M $237.00 -$4M -5,893 -9.1%
36 SNOW 0.98% 58,354 $13M $225.55 -$80K -822 -1.4%
37 AMD 0.95% 79,184 $13M $161.79 $502K -7,562 -8.7%
38 TOL 0.94% 91,497 $13M $138.14 $4M +14,319 +18.6%
39 WMT 0.92% 120,410 $12M $103.06 $809K +1,777 +1.5%
40 EXTR 0.87% 568,991 $12M $20.65 $2M
41 HON 0.84% 53,606 $11M $210.50 -$995K +880 +1.7%
42 NET 0.83% 52,116 $11M $214.59 $1M +293 +0.6%
43 LEN 0.82% 87,262 $11M $126.04 $2M +3,078 +3.7%
44 MA 0.82% 19,308 $11M $568.81 $381K +442 +2.3%
45 IBDS 0.80% 444,280 $11M $24.34 $879K +34,930 +8.5%
46 SPY 0.80% 16,228 $11M $666.17 $776K -13 -0.1%
47 IBDR 0.78% 434,861 $11M $24.30 $1M +43,278 +11.1%
48 DLR 0.77% 59,593 $10M $172.88 -$56K +174 +0.3%
49 IBDT 0.76% 403,365 $10M $25.52 $791K +29,512 +7.9%
50 BRK-B 0.76% 20,349 $10M $502.74 $2M +3,522 +20.9%
51 BR 0.70% 39,583 $9M $238.17 $162K +1,456 +3.8%
52 TMUS 0.70% 39,382 $9M $239.38 $474K +1,803 +4.8%
53 IBDU 0.70% 399,233 $9M $23.47 $837K +33,497 +9.2%
54 BLK 0.68% 7,828 $9M $1,165.90 $1M +99 +1.3%
55 XLI 0.67% 58,201 $9M $154.23 $408K +115 +0.2%
56 ABT 0.66% 66,656 $9M $133.94 $106K +1,795 +2.8%
57 IBDV 0.61% 372,226 $8M $22.15 $918K +38,864 +11.7%
58 OWL 0.61% 486,886 $8M $16.93 -$459K +33,869 +7.5%
59 UNP 0.60% 33,952 $8M $236.37 $75K -601 -1.7%
60 DE 0.56% 16,482 $8M $457.26 -$472K +733 +4.7%
61 VOO 0.49% 10,830 $7M $612.40 $1M +1,117 +11.5%
62 ZTS 0.49% 45,237 $7M $146.32 -$4M -19,845 -30.5%
63 IBDQ 0.48% 256,578 $6M $25.19 -$1M -53,644 -17.3%
64 GWRE 0.46% 27,212 $6M $229.86 -$2M -7,978 -22.7%
65 IBDW 0.45% 286,096 $6M $21.22 $748K +33,096 +13.1%
66 IBDX 0.44% 230,925 $6M $25.62 $404K +12,900 +5.9%
67 FCX 0.41% 140,318 $6M $39.22 -$538K +953 +0.7%
68 AVGO 0.40% 16,413 $5M $329.91 $869K -77 -0.5%
69 XLK 0.38% 17,955 $5M $281.86 $423K -358 -1.9%
70 XLV 0.35% 34,145 $5M $139.17 -$49K -1,476 -4.1%
71 BAC 0.34% 89,038 $5M $51.59 $359K -456 -0.5%
72 DIS 0.33% 39,200 $4M $114.50 -$514K -1,136 -2.8%
73 IVV 0.30% 6,106 $4M $669.30 $304K +13 +0.2%
74 CVX 0.29% 25,006 $4M $155.29 -$152K -3,175 -11.3%
75 TTD 0.28% 77,522 $4M $49.01 -$3M -14,550 -15.8%
76 IBDY 0.23% 118,270 $3M $26.23 $764K +28,025 +31.1%
77 QQQ 0.22% 5,016 $3M $600.31 $277K +60 +1.2%
78 OUNZ 0.21% 76,495 $3M $37.19 $938K +16,700 +27.9%
79 TIP 0.20% 24,768 $3M $111.22 $80K +460 +1.9%
80 DXCM 0.20% 39,147 $3M $67.29 -$1M -7,689 -16.4%
81 RSP 0.19% 13,784 $3M $189.70 $140K +169 +1.2%
82 IJH 0.18% 37,660 $2M $65.26 -$28K -2,425 -6.0%
83 XOM 0.18% 21,021 $2M $112.75 $42K -575 -2.7%
84 XLE 0.17% 25,180 $2M $89.34 -$425K -6,359 -20.2%
85 SLB 0.17% 65,414 $2M $34.37 -$333K -10,952 -14.3%
86 IWM 0.17% 9,274 $2M $241.96 $260K +82 +0.9%
87 COP 0.16% 22,627 $2M $94.59 $13K -1,080 -4.6%
88 BLL 0.16% 42,149 $2M $50.42 -$652K -7,358 -14.9%
89 CRVL 0.15% 25,398 $2M $77.42 -$644K
90 RDDT 0.14% 8,037 $2M $229.99 $608K -200 -2.4%
91 LLY 0.14% 2,409 $2M $763.00 -$26K +18 +0.8%
92 TSLA 0.13% 4,004 $2M $444.72 $497K -36 -0.9%
93 IJR 0.12% 13,795 $2M $118.83 $349K +1,990 +16.9%
94 MU 0.12% 9,417 $2M $167.32 $353K -500 -5.0%
95 IWF 0.12% 3,320 $2M $468.41 $146K
96 EFA 0.11% 16,542 $2M $93.37 $25K -458 -2.7%
97 FDN 0.11% 5,506 $2M $279.84 -$7K -241 -4.2%
98 LOW 0.11% 6,114 $2M $251.31 -$57K -1,069 -14.9%
99 DASH 0.11% 5,500 $1M $271.99 $66K -300 -5.2%
100 AXP 0.10% 4,205 $1M $332.16 $55K

New Positions

SymbolValue% Port
IBDZ $469K 0.03%
SCHB $207K 0.02%
TEX $205K 0.02%
AMAT $202K 0.02%
SANA $37K —%

Sold Out Positions

SymbolValue% Port
ACN —%
FLR —%
CMG —%
UPS —%
TFC —%
RHI —%
PNC —%
C —%
DJP —%
RUN —%
F-PD —%
ANSS —%
CMA —%
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