# Belmont Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1793367. Source: https://holderbook.com/funds/1793367-belmont-capital-llc/

- Reported value: $657.5M
- Positions: 167
- Weight of the ten largest: 78.8%
- Filed: 2025-08-12

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $128.3M | 811,909 | 19.5% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $118.9M | 161,092 | 18.1% | 23 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $74.3M | 361,936 | 11.3% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $52.0M | 104,568 | 7.9% | 16 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $32.7M | 109,100 | 5.0% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $32.5M | 148,330 | 4.9% | 16 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $23.0M | 162,322 | 3.5% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $22.7M | 36,796 | 3.5% | 23 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $19.3M | 141,780 | 2.9% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $14.4M | 39,394 | 2.2% | 23 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $10.4M | 32,877 | 1.6% | 11 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $10.3M | 115,023 | 1.6% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $9.3M | 52,904 | 1.4% | 23 |
| BOYD GAMING CORP | [BYD](https://holderbook.com/stocks/BYD/) | $8.6M | 109,883 | 1.3% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.2M | 7,449 | 0.6% | 5 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $4.2M | 10,304 | 0.6% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $4.0M | 45,300 | 0.6% | 4 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.4M | 11,704 | 0.5% | 12 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.0M | 10,859 | 0.5% | 9 |
| NOV INC | [NOV](https://holderbook.com/stocks/NOV/) | $2.9M | 235,081 | 0.4% | 6 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $2.5M | 140,000 | 0.4% | 13 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $2.5M | 30,000 | 0.4% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.5M | 14,050 | 0.4% | 23 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $2.5M | 13,205 | 0.4% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.5M | 16,107 | 0.4% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.4M | 8,000 | 0.4% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.1M | 4,385 | 0.3% | 23 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.9M | 3,475 | 0.3% | 6 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.8M | 2,000 | 0.3% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.8M | 5,728 | 0.3% | 16 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.8M | 1,735 | 0.3% | 5 |
| REPUBLIC SVCS INC | [RSG](https://holderbook.com/stocks/RSG/) | $1.7M | 7,000 | 0.3% | 7 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $1.6M | 16,051 | 0.2% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.6M | 7,500 | 0.2% | 6 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.5M | 8,071 | 0.2% | 2 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $1.3M | 3,094 | 0.2% | 2 |
| AFFIRM HLDGS INC | [AFRM](https://holderbook.com/stocks/AFRM/) | $1.2M | 18,000 | 0.2% | 13 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,076 | 0.2% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.0M | 2,853 | 0.2% | 5 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $1.0M | 2,620 | 0.2% | 2 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $974.2K | 12,650 | 0.1% | 2 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $970.2K | 1,905 | 0.1% | 14 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $920.4K | 3,449 | 0.1% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $897.5K | 2,514 | 0.1% | 2 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $880.1K | 2,012 | 0.1% | 2 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $870.4K | 5,000 | 0.1% | 5 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $841.5K | 15,033 | 0.1% | 7 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $801.1K | 6,500 | 0.1% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $797.7K | 5,571 | 0.1% | 16 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $732.3K | 4,000 | 0.1% | 3 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $727.9K | 5,500 | 0.1% | 10 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $716.3K | 1,080 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $715.8K | 4,852 | 0.1% | 10 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $706.6K | 7,000 | 0.1% | 12 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $701.8K | 2,847 | 0.1% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $677.1K | 1,205 | 0.1% | 6 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $652.3K | 2,115 | 0.1% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $652.1K | 1,200 | 0.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $639.5K | 13,514 | 0.1% | 11 |
| ENPRO INC | [NPO](https://holderbook.com/stocks/NPO/) | $639.2K | 3,337 | 0.1% | 4 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $630.9K | 9,093 | 0.1% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $602.0K | 2,014 | 0.1% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $585.1K | 2,676 | 0.1% | 3 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $578.8K | 20,000 | 0.1% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $548.7K | 4,034 | 0.1% | 9 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $540.4K | 3,701 | 0.1% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $538.8K | 5,880 | 0.1% | 23 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $531.8K | 6,638 | 0.1% | 12 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $529.6K | 2,396 | 0.1% | 23 |
| ARCTURUS THERAPEUTICS HLDGS | [ARCT](https://holderbook.com/stocks/ARCT/) | $520.4K | 40,000 | 0.1% | 6 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $509.7K | 5,188 | 0.1% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $504.5K | 2,718 | 0.1% | 12 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $487.5K | 1,260 | 0.1% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $476.9K | 7,072 | 0.1% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $471.2K | 19,441 | 0.1% | 12 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $466.3K | 14,291 | 0.1% | 2 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $454.8K | 7,260 | 0.1% | 2 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $446.0K | 12,498 | 0.1% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $428.1K | 1,570 | 0.1% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $422.9K | 1,838 | 0.1% | 12 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $420.8K | 15,116 | 0.1% | 10 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $415.0K | 700 | 0.1% | 6 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $410.9K | 2,120 | 0.1% | 8 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $408.5K | 3,684 | 0.1% | 12 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $388.2K | 3,600 | 0.1% | 2 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $388.0K | 4,324 | 0.1% | 10 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $388.0K | 1,666 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $379.8K | 2,818 | 0.1% | 16 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $379.8K | 3,998 | 0.1% | 12 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $370.0K | 3,058 | 0.1% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $367.9K | 1,248 | 0.1% | 5 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $365.7K | 1,479 | 0.1% | 2 |
| COINBASE GLOBAL INC | [COIN](https://holderbook.com/stocks/COIN/) | $350.5K | 1,000 | 0.1% | 7 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $350.3K | 6,405 | 0.1% | 12 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $346.8K | 2,697 | 0.1% | 23 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $346.1K | 1,042 | 0.1% | 2 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $344.5K | 2,477 | 0.1% | 8 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $334.3K | 4,490 | 0.1% | 6 |
| BALL CORP | [BALL](https://holderbook.com/stocks/BALL/) | $332.3K | 5,924 | 0.1% | 2 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $329.7K | 2,070 | 0.1% | 11 |

## 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 2025 | +16.9% | +10.5% | +6.4% | 100% |
| Q1 2025 | -10.1% | -4.6% | -5.6% | 100% |
| Q4 2024 | +6.7% | +2.1% | +4.5% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.6% | 100% |
| Q2 2024 | +7.1% | +4.0% | +3.0% | 100% |
| Q1 2024 | +10.2% | +10.0% | +0.1% | 100% |
| Q4 2023 | +16.1% | +11.2% | +4.9% | 100% |
| Q3 2023 | -3.3% | -3.6% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $657.5M | 167 |
| Q1 2025 | $556.9M | 170 |
| Q4 2024 | $614.7M | 120 |
| Q3 2024 | $601.8M | 168 |
| Q2 2024 | $535.9M | 199 |
| Q1 2024 | $366.6M | 189 |
| Q4 2023 | $234.2M | 167 |
| Q3 2023 | $185.1M | 169 |
| Q2 2023 | $178.0M | 176 |
| Q1 2023 | $120.8M | 130 |
| Q4 2022 | $93.5M | 130 |
| Q3 2022 | $84.8M | 123 |