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Asset Manager ← All Institutions

Frank, Rimerman Advisors LLC

1801 PAGE MILL ROAD, PALO ALTO, CA 94304 • 650-845-8100

Q4 2025 · Filed 2026-01-15
Market Value
$1.6B
+1.1%
Holdings
645
+23
New Purchases
60
Added To
332
Closed
52
Reduced
132
Top 10 Concentration
40.2%
Turnover
17.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 5.05% 3.78% +1.27% $79M
GOOG 2.80% 2.25% +0.55% $44M
AAPL 4.91% 4.53% +0.38% $77M
LLY 0.74% 0.42% +0.32% $12M
MU 0.48% 0.19% +0.29% $8M
UPS 0.23% 0.00% +0.23% $4M
AMZN 2.04% 1.83% +0.22% $32M
AVGO 1.79% 1.58% +0.21% $28M
AMD 0.42% 0.26% +0.17% $7M
KO 0.27% 0.13% +0.15% $4M
DOW 0.11% 0.00% +0.11% $2M
TSM 1.07% 0.98% +0.09% $17M
SAP 0.16% 0.08% +0.08% $2M
CSCO 0.51% 0.43% +0.08% $8M
AMAT 0.37% 0.30% +0.08% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QQQM 2.25% 4.13% -1.87% $35M
IVE 0.00% 1.56% -1.56% $0
NFLX 3.53% 4.58% -1.05% $55M
META 1.66% 1.92% -0.26% $26M
MSFT 3.80% 4.05% -0.25% $59M
ORCL 0.24% 0.42% -0.19% $4M
PG 0.10% 0.24% -0.14% $2M
RACE 0.36% 0.48% -0.12% $6M
PAYX 0.01% 0.13% -0.11% $230K
QQQ 5.81% 5.92% -0.11% $91M
BRK-B 0.49% 0.59% -0.10% $8M
LIN 0.07% 0.17% -0.10% $1M
GLPI 0.00% 0.09% -0.09% $0
HD 0.33% 0.42% -0.09% $5M
VZ 0.24% 0.33% -0.09% $4M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 30.2%
Technology 26.1%
Communication Services 14.6%
Healthcare 6.4%
Consumer Cyclical 5.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 76 $994M 63.6%
Large Cap 499 $524M 33.5%
Mid Cap 61 $28M 1.8%
Small Cap 8 $16M 1.1%
Micro Cap 1 $1M 0.1%

Portfolio Analytics

Avg Market Cap
$140.9B
Median Market Cap
$47.9B
Avg P/E
32.3
Median P/E
23.8
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
575
# ETFs / Funds
70

Top Holdings (645 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.68% 559,884 $104M $186.50 $2M +11,040 +2.0%
2 QQQ 5.81% 148,015 $91M $614.31 -$675K -4,562 -3.0%
3 GOOGL 5.05% 252,137 $79M $313.00 $20M +11,466 +4.8%
4 AAPL 4.91% 282,326 $77M $271.86 $7M +7,259 +2.6%
5 MSFT 3.80% 122,864 $59M $483.62 -$3M +1,831 +1.5%
6 NFLX 3.53% 588,508 $55M $93.76 -$16M +529,438 +896.3%
7 SPY 3.27% 74,932 $51M $681.92 $1M +419 +0.6%
8 GOOG 2.80% 139,720 $44M $313.80 $9M -3,408 -2.4%
9 QQQM 2.25% 139,314 $35M $252.92 -$29M -119,101 -46.1%
10 VTI 2.09% 97,509 $33M $335.27 $524K -512 -0.5%
11 AMZN 2.04% 138,533 $32M $230.82 $4M +9,616 +7.5%
12 AVGO 1.79% 80,873 $28M $346.10 $4M +6,819 +9.2%
13 META 1.66% 39,439 $26M $660.09 -$4M -1,087 -2.7%
14 JPM 1.20% 58,361 $19M $322.22 $457K +193 +0.3%
15 TSLA 1.20% 41,708 $19M $449.72 $781K +1,287 +3.2%
16 TSM 1.07% 54,976 $17M $303.89 $2M +705 +1.3%
17 LLY 0.74% 10,792 $12M $1,074.68 $5M +2,295 +27.0%
18 RSP 0.73% 59,293 $11M $191.56 $581K +2,483 +4.4%
19 VEA 0.72% 179,379 $11M $62.47 $663K +3,433 +1.9%
20 V 0.65% 29,175 $10M $350.71 $123K -438 -1.5%
21 JNJ 0.64% 47,999 $10M $206.95 $1M +61 +0.1%
22 WMT 0.61% 85,415 $10M $111.41 $1M +5,453 +6.8%
23 CSCO 0.51% 103,760 $8M $77.03 $1M +5,729 +5.8%
24 MA 0.49% 13,532 $8M $570.88 $35K +12 +0.1%
25 IWC 0.49% 48,761 $8M $157.70 $668K +1,664 +3.5%
26 BRK-B 0.49% 15,279 $8M $502.65 -$1M -2,885 -15.9%
27 ABBV 0.48% 33,170 $8M $228.49 -$67K +148 +0.5%
28 MU 0.48% 26,489 $8M $285.41 $5M +8,757 +49.4%
29 COST 0.46% 8,361 $7M $862.34 $16K +589 +7.6%
30 VWO 0.45% 132,156 $7M $53.76 -$56K
31 IBM 0.45% 23,969 $7M $296.21 $797K +1,631 +7.3%
32 PLTR 0.44% 38,916 $7M $177.75 -$166K +88 +0.2%
33 MS 0.43% 38,003 $7M $177.53 $710K +29 +0.1%
34 AMD 0.42% 30,887 $7M $214.16 $3M +6,386 +26.1%
35 VFH 0.42% 49,176 $7M $133.49 $358K +1,882 +4.0%
36 TDG 0.42% 4,936 $7M $1,329.85 $612K +420 +9.3%
37 DIA 0.42% 13,586 $7M $480.55 -$108K -727 -5.1%
38 XOM 0.40% 52,598 $6M $120.34 $950K +4,888 +10.2%
39 ACWI 0.40% 44,053 $6M $141.49 $143K
40 NRG 0.39% 38,478 $6M $159.24 -$104K +3 +0.0%
41 CRWD 0.38% 12,576 $6M $468.76 $40K +636 +5.3%
42 AMAT 0.37% 22,722 $6M $256.99 $1M +335 +1.5%
43 RACE 0.36% 15,239 $6M $369.56 -$2M +10 +0.1%
44 AXP 0.35% 14,762 $5M $369.95 $576K +54 +0.4%
45 CME 0.35% 19,909 $5M $273.08 $483K +1,574 +8.6%
46 HD 0.33% 15,144 $5M $344.10 -$1M -898 -5.6%
47 CVX 0.33% 33,774 $5M $152.41 $220K +2,043 +6.4%
48 TECK 0.32% 104,726 $5M $47.89 $419K -3
49 PM 0.31% 30,555 $5M $160.40 -$1M -7,486 -19.7%
50 VB 0.31% 18,970 $5M $257.95 $791K +2,838 +17.6%
51 ISRG 0.31% 8,578 $5M $566.36 $718K -679 -7.3%
52 GE 0.31% 15,511 $5M $308.03 $142K +100 +0.7%
53 UNH 0.30% 14,085 $5M $330.11 $74K +835 +6.3%
54 ASML 0.28% 4,066 $4M $1,069.86 $453K +40 +1.0%
55 GILD 0.28% 35,105 $4M $122.74 $421K +84 +0.2%
56 KO 0.27% 61,403 $4M $69.91 $2M +31,294 +103.9%
57 PFE 0.26% 164,012 $4M $24.90 -$935K -32,958 -16.7%
58 BAC 0.25% 71,627 $4M $55.00 $254K +184 +0.3%
59 QCOM 0.25% 23,008 $4M $171.05 $456K +2,093 +10.0%
60 PRCT 0.25% 122,482 $4M $31.46 -$515K +93 +0.1%
61 AER 0.25% 26,714 $4M $143.76 $609K +12 +0.0%
62 APH 0.25% 28,412 $4M $135.14 $687K +2,940 +11.5%
63 IWF 0.25% 8,111 $4M $473.30 $40K
64 IVV 0.24% 5,595 $4M $684.93 $88K
65 T 0.24% 153,071 $4M $24.84 -$512K +296 +0.2%
66 VZ 0.24% 92,226 $4M $40.73 -$1M -22,632 -19.7%
67 MRK 0.24% 35,160 $4M $105.26 $806K +667 +1.9%
68 ANGL 0.24% 125,518 $4M $29.36 -$46K
69 ORCL 0.24% 18,875 $4M $194.91 -$3M -4,474 -19.2%
70 UPS 0.23% 36,734 $4M $99.19 +36,734 NEW
71 IYJ 0.23% 24,468 $4M $148.17 $56K
72 INTU 0.23% 5,425 $4M $662.42 $261K +545 +11.2%
73 MCD 0.23% 11,655 $4M $305.63 -$617K -2,097 -15.2%
74 CRM 0.22% 13,248 $4M $264.91 $666K +1,251 +10.4%
75 MO 0.22% 60,847 $4M $57.66 -$1M -8,150 -11.8%
76 DHR 0.22% 15,115 $3M $228.92 $549K +430 +2.9%
77 WFC 0.22% 37,098 $3M $93.20 $664K +3,774 +11.3%
78 GEV 0.22% 5,146 $3M $653.57 $214K +25 +0.5%
79 PH 0.21% 3,818 $3M $878.96 $497K +47 +1.2%
80 VNQ 0.21% 37,628 $3M $88.49 $222K +3,633 +10.7%
81 SPGI 0.21% 6,327 $3M $522.59 $258K +64 +1.0%
82 BND 0.21% 44,415 $3M $74.07 $501K +6,920 +18.5%
83 BX 0.20% 20,773 $3M $154.14 -$629K -1,647 -7.3%
84 LQD 0.20% 28,986 $3M $110.19 -$37K
85 HCA 0.20% 6,801 $3M $466.86 $293K +39 +0.6%
86 CAT 0.20% 5,391 $3M $572.87 $831K +661 +14.0%
87 HWM 0.19% 14,740 $3M $205.02 $138K +41 +0.3%
88 PEP 0.19% 20,772 $3M $143.52 $476K +2,931 +16.4%
89 PCAR 0.19% 27,099 $3M $109.51 $456K +1,556 +6.1%
90 VXUS 0.18% 38,234 $3M $75.44 $76K
91 LRCX 0.18% 16,789 $3M $171.18 $637K +86 +0.5%
92 RDDT 0.18% 12,308 $3M $229.87 $172K +754 +6.5%
93 GS 0.18% 3,199 $3M $879.00 $632K +461 +16.8%
94 UNP 0.18% 12,090 $3M $231.32 -$109K -202 -1.6%
95 TMO 0.18% 4,797 $3M $579.45 $479K +53 +1.1%
96 NOW 0.18% 17,939 $3M $153.19 -$473K +14,439 +412.5%
97 VO 0.17% 9,300 $3M $290.22 $27K +205 +2.2%
98 BMY 0.17% 49,493 $3M $53.94 $709K +6,014 +13.8%
99 IWR 0.17% 27,665 $3M $96.27 -$43K -363 -1.3%
100 BKNG 0.17% 489 $3M $5,355.33 $27K +9 +1.9%

New Positions

SymbolValue% Port
UPS $4M 0.23%
DOW $2M 0.11%
OKE $985K 0.06%
ED $811K 0.05%
HRL $714K 0.05%
OTIS $659K 0.04%
EPR $638K 0.04%
BUD $593K 0.04%
GWW $567K 0.04%
TKC $533K 0.03%
BR $528K 0.03%
IBIT $509K 0.03%
SNY $497K 0.03%
INVH $491K 0.03%
FE $488K 0.03%

Sold Out Positions

SymbolValue% Port
UI —%
BEN —%
ARE —%
ZBH —%
WTRG —%
ADC —%
FMC —%
SPOT —%
FDS —%
EHC —%
RJF —%
STWD —%
SKM —%
DD —%
GGG —%
View SEC EDGAR Filings for Frank, Rimerman Advisors LLC →

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