# Trust Asset Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1608376. Source: https://holderbook.com/funds/1608376-trust-asset-management-llc/

- Reported value: $2.3B
- Positions: 252
- Weight of the ten largest: 75.1%
- Filed: 2026-07-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3B | 2,408,148 | 54.6% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $93.4M | 688,428 | 4.0% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $66.9M | 326,288 | 2.9% | 29 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $59.9M | 799,820 | 2.6% | 28 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $57.2M | 535,536 | 2.5% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $52.0M | 233,522 | 2.2% | 28 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $49.0M | 164,340 | 2.1% | 29 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $41.8M | 215,126 | 1.8% | 29 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $31.1M | 808,470 | 1.3% | 29 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $26.3M | 685,356 | 1.1% | 28 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $24.2M | 587,742 | 1.0% | 28 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $23.3M | 105,098 | 1.0% | 25 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $22.1M | 516,414 | 0.9% | 28 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $20.5M | 62,214 | 0.9% | 22 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $19.8M | 48,558 | 0.9% | 25 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $15.2M | 24,888 | 0.7% | 24 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $15.0M | 40,688 | 0.6% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.3M | 59,708 | 0.6% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $12.1M | 17,504 | 0.5% | 25 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $12.0M | 36,434 | 0.5% | 24 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $10.9M | 53,522 | 0.5% | 25 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $10.4M | 37,520 | 0.4% | 25 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $9.7M | 103,610 | 0.4% | 25 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $7.7M | 20,020 | 0.3% | 25 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $7.7M | 18,194 | 0.3% | 25 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $7.2M | 17,760 | 0.3% | 24 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $7.1M | 87,034 | 0.3% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.0M | 39,178 | 0.3% | 25 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $6.9M | 21,960 | 0.3% | 25 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $6.8M | 48,056 | 0.3% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.7M | 28,038 | 0.3% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.4M | 146,600 | 0.3% | 25 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.7M | 55,248 | 0.2% | 25 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $5.5M | 94,648 | 0.2% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $5.1M | 74,124 | 0.2% | 25 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.8M | 29,160 | 0.2% | 23 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.6M | 39,132 | 0.2% | 25 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.6M | 93,444 | 0.2% | 25 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.5M | 20,096 | 0.2% | 25 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $4.3M | 6,648 | 0.2% | 24 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $4.2M | 3,222 | 0.2% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.2M | 20,726 | 0.2% | 25 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $4.1M | 17,278 | 0.2% | 13 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $4.1M | 50,000 | 0.2% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.0M | 37,032 | 0.2% | 25 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.0M | 8,350 | 0.2% | 25 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.9M | 125,798 | 0.2% | 25 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.9M | 15,872 | 0.2% | 25 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.8M | 38,746 | 0.2% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $3.8M | 20,780 | 0.2% | 25 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $3.7M | 26,716 | 0.2% | 24 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.6M | 23,734 | 0.2% | 25 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.5M | 11,928 | 0.2% | 25 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $3.3M | 5,926 | 0.1% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $3.3M | 156,020 | 0.1% | 25 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $3.2M | 5,508 | 0.1% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $3.0M | 9,164 | 0.1% | 25 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $2.9M | 10,846 | 0.1% | 24 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.8M | 36,754 | 0.1% | 24 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $2.8M | 26,972 | 0.1% | 23 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.8M | 11,942 | 0.1% | 24 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.7M | 79,918 | 0.1% | 25 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.7M | 14,046 | 0.1% | 25 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.7M | 45,410 | 0.1% | 25 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.6M | 28,756 | 0.1% | 25 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $2.6M | 6,812 | 0.1% | 25 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.6M | 24,818 | 0.1% | 24 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.6M | 3,228 | 0.1% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.6M | 27,652 | 0.1% | 25 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.6M | 13,822 | 0.1% | 25 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $2.5M | 7,904 | 0.1% | 24 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $2.5M | 17,296 | 0.1% | 22 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.5M | 28,342 | 0.1% | 25 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.4M | 25,218 | 0.1% | 25 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $2.4M | 3,695 | 0.1% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.3M | 12,420 | 0.1% | 25 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $2.3M | 20,696 | 0.1% | 25 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.3M | 17,916 | 0.1% | 24 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $2.3M | 2,365 | 0.1% | 6 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $2.2M | 22,766 | 0.1% | 7 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.2M | 22,870 | 0.1% | 25 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.1M | 26,550 | 0.1% | 25 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $2.1M | 5,654 | 0.1% | 25 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.1M | 7,666 | 0.1% | 24 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.0M | 12,996 | 0.1% | 24 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $2.0M | 14,002 | 0.1% | 23 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.0M | 8,192 | 0.1% | 24 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $2.0M | 6,120 | 0.1% | 25 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $1.9M | 17,344 | 0.1% | 2 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.8M | 16,594 | 0.1% | 11 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.8M | 6,596 | 0.1% | 10 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.8M | 4,980 | 0.1% | 24 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.8M | 34,364 | 0.1% | 24 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $1.7M | 7,732 | 0.1% | 1 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.7M | 8,914 | 0.1% | 24 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $1.6M | 13,458 | 0.1% | 23 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $1.6M | 8,140 | 0.1% | 5 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.6M | 7,996 | 0.1% | 24 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $1.6M | 10,784 | 0.1% | 24 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $1.6M | 3,130 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.8% | +14.8% | +0.0% | 100% |
| Q1 2026 | -4.6% | -4.6% | -0.0% | 100% |
| Q4 2025 | +2.4% | +2.4% | +0.1% | 100% |
| Q3 2025 | +7.8% | +7.8% | +0.0% | 100% |
| Q2 2025 | +10.5% | +10.5% | +0.0% | 100% |
| Q1 2025 | -4.5% | -4.6% | +0.0% | 100% |
| Q4 2024 | +2.1% | +2.1% | -0.1% | 100% |
| Q3 2024 | +5.4% | +5.4% | +0.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.3B | 252 |
| Q1 2026 | $1.4B | 225 |
| Q4 2025 | $1.5B | 226 |
| Q3 2025 | $1.5B | 230 |
| Q2 2025 | $1.3B | 224 |
| Q1 2025 | $1.2B | 219 |
| Q4 2024 | $1.3B | 226 |
| Q3 2024 | $1.3B | 231 |
| Q2 2024 | $1.2B | 219 |
| Q1 2024 | $1.1B | 223 |
| Q4 2023 | $1.0B | 214 |
| Q3 2023 | $927.9M | 194 |