# Advanced Portfolio Management, LLC

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 1940461. Source: https://holderbook.com/funds/1940461-advanced-portfolio-management-llc/

- Reported value: $32.8M
- Positions: 37
- Weight of the ten largest: 47.9%
- Filed: 2026-02-17

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.2M | 4,565 | 6.7% | 12 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.1M | 6,052 | 6.4% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.7M | 2,545 | 5.1% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 7,008 | 4.9% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.5M | 7,550 | 4.5% | 2 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $1.4M | 55,000 | 4.4% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 7,132 | 4.1% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.3M | 4,995 | 4.0% | 1 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $1.3M | 8,058 | 4.0% | 2 |
| VENTURE GLOBAL INC | [VG](https://holderbook.com/stocks/VG/) | $1.2M | 180,000 | 3.7% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.2M | 5,284 | 3.7% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $1.1M | 1,486 | 3.5% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $1.1M | 35,869 | 3.3% | 3 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $1.1M | 5,173 | 3.2% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $957.8K | 5,000 | 2.9% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $925.4K | 3,404 | 2.8% | 11 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $878.6K | 36,577 | 2.7% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $788.9K | 10,241 | 2.4% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $779.6K | 1,551 | 2.4% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $606.6K | 5,041 | 1.9% | 1 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $575.2K | 1,478 | 1.8% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $515.2K | 12,649 | 1.6% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $480.1K | 4,805 | 1.5% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $478.1K | 5,130 | 1.5% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $456.6K | 1,302 | 1.4% | 1 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $452.4K | 6,155 | 1.4% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $445.1K | 672 | 1.4% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $440.8K | 5,555 | 1.3% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $440.4K | 2,867 | 1.3% | 1 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $433.8K | 536 | 1.3% | 1 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $432.6K | 5,475 | 1.3% | 1 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $428.2K | 5,085 | 1.3% | 1 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $427.2K | 3,410 | 1.3% | 1 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $420.5K | 7,314 | 1.3% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $411.9K | 6,593 | 1.3% | 1 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $411.8K | 7,683 | 1.3% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $393.5K | 4,197 | 1.2% | 5 |

## 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 |
|---|---|---|---|---|
| Q4 2025 | -3.2% | +2.4% | -5.6% | 108% |
| Q3 2025 | +7.1% | +7.8% | -0.8% | 100% |
| Q2 2025 | +16.6% | +10.5% | +6.2% | 100% |
| Q1 2025 | -0.6% | -4.6% | +4.0% | 98% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 101% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 95% |
| Q2 2024 | +2.9% | +4.0% | -1.2% | 100% |
| Q1 2024 | +8.2% | +10.0% | -1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $32.8M | 37 |
| Q3 2025 | $38.4M | 126 |
| Q2 2025 | $35.8M | 39 |
| Q1 2025 | $49.6M | 45 |
| Q4 2024 | $87.6M | 47 |
| Q3 2024 | $97.2M | 44 |
| Q2 2024 | $151.6M | 47 |
| Q1 2024 | $53.0M | 31 |
| Q4 2023 | $95.0M | 67 |
| Q3 2023 | $119.0M | 68 |
| Q2 2023 | $109.7M | 64 |
| Q1 2023 | $100.3M | 69 |