# LAZARI CAPITAL MANAGEMENT, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1986389. Source: https://holderbook.com/funds/1986389-lazari-capital-management-inc/

- Reported value: $324.6M
- Positions: 188
- Weight of the ten largest: 52.1%
- Filed: 2026-07-23

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $43.1M | 149,017 | 13.3% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $20.3M | 101,514 | 6.3% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $19.7M | 55,238 | 6.1% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $18.5M | 32,911 | 5.7% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $18.0M | 75,415 | 5.5% | 13 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $14.0M | 193,704 | 4.3% | 13 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $11.7M | 20,134 | 3.6% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $9.4M | 22,462 | 2.9% | 13 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $7.6M | 35,306 | 2.4% | 13 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $6.7M | 182,521 | 2.1% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.7M | 17,957 | 2.1% | 13 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $5.0M | 88,237 | 1.5% | 13 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.9M | 50,682 | 1.5% | 13 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.5M | 107,139 | 1.4% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.0M | 16,094 | 1.2% | 13 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.9M | 55,071 | 1.2% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $3.9M | 10,449 | 1.2% | 13 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $3.6M | 8,680 | 1.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.5M | 9,275 | 1.1% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.8M | 8,427 | 0.8% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.7M | 3,674 | 0.8% | 13 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $2.6M | 29,084 | 0.8% | 13 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.4M | 6,755 | 0.7% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.4M | 3,217 | 0.7% | 13 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.2M | 16,452 | 0.7% | 13 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $2.2M | 21,101 | 0.7% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.1M | 2,811 | 0.6% | 11 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $2.0M | 6,494 | 0.6% | 4 |
| BOEING CO | [BAPRA](https://holderbook.com/stocks/BAPRA/) | $1.9M | 28,875 | 0.6% | 4 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.9M | 19,158 | 0.6% | 9 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.8M | 17,366 | 0.5% | 13 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.7M | 1,841 | 0.5% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.7M | 4,871 | 0.5% | 13 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.6M | 4,814 | 0.5% | 13 |
| SERVICETITAN INC | [TTAN](https://holderbook.com/stocks/TTAN/) | $1.6M | 22,298 | 0.5% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.6M | 6,179 | 0.5% | 13 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.6M | 9,929 | 0.5% | 6 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.6M | 64,489 | 0.5% | 13 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.5M | 18,523 | 0.5% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.5M | 13,510 | 0.5% | 13 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $1.5M | 80,850 | 0.5% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.5M | 10,419 | 0.4% | 13 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,119 | 0.4% | 10 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.3M | 18,389 | 0.4% | 13 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.2M | 1,164 | 0.4% | 13 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.2M | 11,841 | 0.4% | 13 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.2M | 6,993 | 0.4% | 13 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.1M | 54,429 | 0.3% | 13 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.1M | 22,840 | 0.3% | 4 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.1M | 1,100 | 0.3% | 13 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.1M | 2,954 | 0.3% | 8 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.0M | 19,404 | 0.3% | 13 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.0M | 24,841 | 0.3% | 13 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $1.0M | 10,504 | 0.3% | 13 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.0M | 6,951 | 0.3% | 13 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.0M | 876 | 0.3% | 3 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $991.5K | 17,208 | 0.3% | 13 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $990.6K | 2,286 | 0.3% | 5 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $965.5K | 4,619 | 0.3% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $936.2K | 6,705 | 0.3% | 4 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $929.4K | 3,466 | 0.3% | 13 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $903.2K | 9,352 | 0.3% | 10 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $891.6K | 4,699 | 0.3% | 13 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $885.8K | 11,020 | 0.3% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $883.3K | 2,363 | 0.3% | 9 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $876.8K | 5,912 | 0.3% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $870.3K | 1,267 | 0.3% | 13 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $867.3K | 1,816 | 0.3% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $856.3K | 1,667 | 0.3% | 13 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $836.5K | 2,257 | 0.3% | 13 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $835.6K | 420 | 0.3% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $803.8K | 1,606 | 0.2% | 13 |
| ORACLE CORP | [ORCLPRD](https://holderbook.com/stocks/ORCLPRD/) | $800.1K | 17,800 | 0.2% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $791.7K | 1,095 | 0.2% | 5 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $788.6K | 2,673 | 0.2% | 9 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $778.1K | 8,107 | 0.2% | 13 |
| VANGUARD WELLINGTON FD | [VFMO](https://holderbook.com/stocks/VFMO/) | $769.4K | 3,084 | 0.2% | 9 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $737.6K | 4,709 | 0.2% | 13 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $733.8K | 5,710 | 0.2% | 13 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $723.1K | 52,022 | 0.2% | 13 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $696.1K | 13,282 | 0.2% | 9 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $691.9K | 717 | 0.2% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $677.3K | 1,870 | 0.2% | 13 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $667.1K | 6,116 | 0.2% | 9 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $663.5K | 565 | 0.2% | 5 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $641.6K | 12,240 | 0.2% | 13 |
| MESOBLAST LTD | [MESO](https://holderbook.com/stocks/MESO/) | $641.6K | 47,421 | 0.2% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $621.3K | 1,762 | 0.2% | 13 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $603.6K | 5,286 | 0.2% | 13 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $589.9K | 2,638 | 0.2% | 13 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $585.7K | 3,428 | 0.2% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $582.4K | 6,312 | 0.2% | 13 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $578.6K | 14,917 | 0.2% | 9 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $556.9K | 11,465 | 0.2% | 13 |
| CVB FINL CORP | [CVBF](https://holderbook.com/stocks/CVBF/) | $549.7K | 24,376 | 0.2% | 13 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $526.9K | 5,307 | 0.2% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $526.0K | 1,946 | 0.2% | 13 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $511.8K | 15,375 | 0.2% | 6 |
| DIREXION SHARES ETF TRUST | [SPXS](https://holderbook.com/stocks/SPXS/) | $511.3K | 19,300 | 0.2% | 4 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $510.9K | 1,709 | 0.2% | 13 |

## 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 | +10.7% | +14.8% | -4.1% | 100% |
| Q1 2026 | -4.4% | -4.6% | +0.2% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +10.2% | +7.8% | +2.4% | 100% |
| Q2 2025 | +11.7% | +10.5% | +1.3% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.6% | 100% |
| Q4 2024 | +3.8% | +2.1% | +1.7% | 100% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $324.6M | 188 |
| Q1 2026 | $287.5M | 175 |
| Q4 2025 | $297.7M | 165 |
| Q3 2025 | $296.3M | 166 |
| Q2 2025 | $265.6M | 155 |
| Q1 2025 | $244.6M | 155 |
| Q4 2024 | $250.9M | 153 |
| Q3 2024 | $233.8M | 159 |
| Q2 2024 | $221.8M | 144 |
| Q1 2024 | $184.1M | 127 |
| Q4 2023 | $174.7M | 125 |
| Q3 2023 | $167.7M | 123 |