# Rappaport Reiches Capital Management, LLC

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1990195. Source: https://holderbook.com/funds/1990195-rappaport-reiches-capital-management-llc/

- Reported value: $400.1M
- Positions: 122
- Weight of the ten largest: 71.3%
- Filed: 2025-04-22

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 |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $70.4M | 891,338 | 17.6% | 16 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $53.9M | 733,304 | 13.5% | 16 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $41.1M | 1,069,342 | 10.3% | 15 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $28.7M | 574,887 | 7.2% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $23.6M | 106,293 | 5.9% | 16 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $23.5M | 751,389 | 5.9% | 14 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $19.0M | 390,092 | 4.8% | 16 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.7M | 15,633 | 2.2% | 16 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.4M | 30,432 | 2.1% | 16 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $8.2M | 248,724 | 2.1% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.2M | 75,548 | 2.0% | 14 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $7.2M | 27,175 | 1.8% | 13 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $5.8M | 225,808 | 1.5% | 12 |
| DIMENSIONAL ETF TRUST | [DFGR](https://holderbook.com/stocks/DFGR/) | $5.8M | 220,810 | 1.4% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.8M | 12,325 | 1.4% | 14 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $5.1M | 235,624 | 1.3% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.8M | 10,142 | 1.0% | 16 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $3.3M | 76,602 | 0.8% | 16 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.2M | 3,482 | 0.8% | 16 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.5M | 48,281 | 0.6% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.4M | 12,558 | 0.6% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.4M | 15,090 | 0.6% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.1M | 3,600 | 0.5% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.9M | 3,575 | 0.5% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.8M | 8,711 | 0.5% | 16 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.8M | 89,741 | 0.4% | 16 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $1.6M | 62,411 | 0.4% | 13 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.6M | 20,325 | 0.4% | 12 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.5M | 2,885 | 0.4% | 16 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.5M | 7,159 | 0.4% | 13 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.4M | 50,328 | 0.3% | 16 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.4M | 7,076 | 0.3% | 16 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.3M | 20,015 | 0.3% | 16 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.3M | 14,591 | 0.3% | 4 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.2M | 8,732 | 0.3% | 16 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.1M | 27,355 | 0.3% | 16 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $1.1M | 24,764 | 0.3% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1M | 7,368 | 0.3% | 16 |
| FIDELITY COVINGTON TRUST | [FNCL](https://holderbook.com/stocks/FNCL/) | $986.5K | 14,190 | 0.2% | 16 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $967.1K | 5,776 | 0.2% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $961.7K | 1,017 | 0.2% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $959.9K | 3,704 | 0.2% | 16 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $946.7K | 4,477 | 0.2% | 5 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $926.6K | 5,766 | 0.2% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $905.2K | 1,611 | 0.2% | 13 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $890.1K | 6,096 | 0.2% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $798.4K | 1 | 0.2% | 14 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $768.7K | 5,498 | 0.2% | 10 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $747.4K | 9,564 | 0.2% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $688.0K | 1,255 | 0.2% | 13 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $676.1K | 25,436 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $660.7K | 13,265 | 0.2% | 1 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $653.6K | 1,934 | 0.2% | 16 |
| LENNOX INTL INC | [LII](https://holderbook.com/stocks/LII/) | $644.1K | 1,149 | 0.2% | 6 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $564.2K | 2,275 | 0.1% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $561.4K | 1,072 | 0.1% | 13 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $539.9K | 1,728 | 0.1% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $528.8K | 11,684 | 0.1% | 4 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $525.6K | 4,985 | 0.1% | 3 |
| ADAPTIVE BIOTECHNOLOGIES COR | [ADPT](https://holderbook.com/stocks/ADPT/) | $513.2K | 69,075 | 0.1% | 16 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $488.5K | 3,495 | 0.1% | 16 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $484.2K | 1,321 | 0.1% | 10 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $472.0K | 1,307 | 0.1% | 6 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $467.3K | 4,673 | 0.1% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $460.9K | 1,315 | 0.1% | 5 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $451.1K | 5,963 | 0.1% | 1 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $436.7K | 1,793 | 0.1% | 16 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $411.2K | 5,034 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $409.3K | 17,672 | 0.1% | 16 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $408.6K | 4,372 | 0.1% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $405.9K | 1,655 | 0.1% | 5 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $393.9K | 2,805 | 0.1% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $391.2K | 3,289 | 0.1% | 13 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $390.1K | 4,910 | 0.1% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $380.4K | 5,365 | 0.1% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $380.1K | 460 | 0.1% | 5 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $363.8K | 549 | 0.1% | 6 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $358.0K | 6,135 | 0.1% | 16 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $347.3K | 6,746 | 0.1% | 13 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $345.5K | 4,627 | 0.1% | 16 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $344.4K | 1,385 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $338.0K | 2,579 | 0.1% | 1 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $330.3K | 5,319 | 0.1% | 16 |
| ISHARES TR | [HEWJ](https://holderbook.com/stocks/HEWJ/) | $327.1K | 7,800 | 0.1% | 5 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $325.3K | 4,125 | 0.1% | 1 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $322.0K | 604 | 0.1% | 3 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $320.7K | 1,010 | 0.1% | 16 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $312.5K | 615 | 0.1% | 3 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $306.5K | 2,259 | 0.1% | 3 |
| APOGEE ENTERPRISES INC | [APOG](https://holderbook.com/stocks/APOG/) | $300.6K | 6,489 | 0.1% | 16 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $289.2K | 1,742 | 0.1% | 4 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $287.0K | 783 | 0.1% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $282.6K | 568 | 0.1% | 12 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $282.1K | 3,068 | 0.1% | 3 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $281.6K | 1,275 | 0.1% | 3 |
| SPROTT ASSET MANAGEMENT LP | [PHYS](https://holderbook.com/stocks/PHYS/) | $273.7K | 11,375 | 0.1% | 13 |
| HUBSPOT INC | [HUBS](https://holderbook.com/stocks/HUBS/) | $273.6K | 479 | 0.1% | 5 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $270.8K | 3,391 | 0.1% | 10 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $267.5K | 3,223 | 0.1% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $267.0K | 1,567 | 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 |
|---|---|---|---|---|
| Q1 2025 | -1.6% | -4.6% | +2.9% | 100% |
| Q4 2024 | -0.3% | +2.1% | -2.4% | 100% |
| Q3 2024 | +4.8% | +5.4% | -0.6% | 100% |
| Q2 2024 | +2.8% | +4.0% | -1.2% | 100% |
| Q1 2024 | +3.1% | +10.0% | -6.9% | 100% |
| Q4 2023 | +6.5% | +11.2% | -4.7% | 100% |
| Q3 2023 | -2.9% | -3.6% | +0.6% | 100% |
| Q2 2023 | +3.2% | +8.3% | -5.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $400.1M | 122 |
| Q4 2024 | $387.3M | 109 |
| Q3 2024 | $376.2M | 113 |
| Q2 2024 | $339.2M | 99 |
| Q1 2024 | $319.4M | 103 |
| Q4 2023 | $273.2M | 84 |
| Q3 2023 | $237.3M | 73 |
| Q2 2023 | $239.5M | 77 |
| Q1 2023 | $225.5M | 82 |
| Q4 2022 | $202.5M | 80 |
| Q3 2022 | $197.0M | 73 |
| Q2 2022 | $199.4M | 78 |