# LM Advisors LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2011314. Source: https://holderbook.com/funds/2011314-lm-advisors-llc/

- Reported value: $866.4M
- Positions: 224
- Weight of the ten largest: 51.2%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $70.3M | 95,440 | 8.1% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $66.2M | 96,457 | 7.6% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $61.1M | 325,178 | 7.1% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $58.1M | 243,364 | 6.7% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $47.8M | 135,276 | 5.5% | 11 |
| INVESCO EXCH TRD SLF IDX FD | [OMFL](https://holderbook.com/stocks/OMFL/) | $39.3M | 574,567 | 4.5% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $29.1M | 100,835 | 3.4% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $26.1M | 52,278 | 3.0% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $23.8M | 100,570 | 2.7% | 11 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $22.0M | 42,166 | 2.5% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $16.7M | 46,830 | 1.9% | 11 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $16.1M | 198,872 | 1.9% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.2M | 40,679 | 1.7% | 11 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $13.1M | 61,567 | 1.5% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $12.5M | 33,873 | 1.4% | 11 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $9.3M | 30,901 | 1.1% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.9M | 15,715 | 1.0% | 11 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $8.2M | 19,334 | 1.0% | 11 |
| DIREXION SHARES ETF TRUST | [SPXL](https://holderbook.com/stocks/SPXL/) | $8.2M | 30,340 | 0.9% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $7.8M | 21,243 | 0.9% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.5M | 19,974 | 0.9% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.5M | 37,422 | 0.9% | 11 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $7.4M | 21,871 | 0.9% | 9 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $7.0M | 73,417 | 0.8% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $6.8M | 5,649 | 0.8% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $6.7M | 9 | 0.8% | 11 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $5.9M | 71,507 | 0.7% | 11 |
| FIRST TR EXCHNG TRADED FD VI | [YSEP](https://holderbook.com/stocks/YSEP/) | $5.5M | 199,617 | 0.6% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $5.4M | 47,412 | 0.6% | 11 |
| FIRST TR EXCHNG TRADED FD VI | [FFEB](https://holderbook.com/stocks/FFEB/) | $5.3M | 87,276 | 0.6% | 11 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $5.0M | 42,778 | 0.6% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.0M | 5,258 | 0.6% | 11 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $4.9M | 51,023 | 0.6% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.6M | 13,918 | 0.5% | 11 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $4.5M | 60,239 | 0.5% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $4.4M | 10,434 | 0.5% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $4.2M | 4,190 | 0.5% | 11 |
| FIRST TR EXCHNG TRADED FD VI | [XJUN](https://holderbook.com/stocks/XJUN/) | $4.1M | 92,063 | 0.5% | 11 |
| NUVEEN CA DIVI ADV MUN | [NAC](https://holderbook.com/stocks/NAC/) | $4.1M | 334,729 | 0.5% | 2 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $4.0M | 3,458 | 0.5% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $4.0M | 66,863 | 0.5% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $3.8M | 88,429 | 0.4% | 8 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.8M | 50,452 | 0.4% | 11 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $3.7M | 69,791 | 0.4% | 11 |
| PROSHARES TR | [UPRO](https://holderbook.com/stocks/UPRO/) | $3.7M | 25,898 | 0.4% | 4 |
| NUVEEN QUALITY MUNCP INCOME | [NAD](https://holderbook.com/stocks/NAD/) | $3.6M | 300,845 | 0.4% | 2 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $3.6M | 16,586 | 0.4% | 11 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.6M | 22,350 | 0.4% | 11 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $3.2M | 95,285 | 0.4% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $3.2M | 55,337 | 0.4% | 11 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $3.0M | 32,244 | 0.3% | 11 |
| INVESCO EXCH TRADED FD TR II | [SPHD](https://holderbook.com/stocks/SPHD/) | $2.9M | 57,534 | 0.3% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.7M | 8,007 | 0.3% | 11 |
| FIRST TR EXCHNG TRADED FD VI | [GJAN](https://holderbook.com/stocks/GJAN/) | $2.7M | 60,841 | 0.3% | 11 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $2.7M | 55,197 | 0.3% | 11 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $2.7M | 3,872 | 0.3% | 11 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.7M | 19,353 | 0.3% | 11 |
| PROSHARES TR | [UDOW](https://holderbook.com/stocks/UDOW/) | $2.7M | 38,757 | 0.3% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.7M | 17,101 | 0.3% | 11 |
| DIREXION SHARES ETF TRUST | [SOXL](https://holderbook.com/stocks/SOXL/) | $2.6M | 9,750 | 0.3% | 3 |
| FIRST TR EXCHNG TRADED FD VI | [FJUN](https://holderbook.com/stocks/FJUN/) | $2.6M | 42,668 | 0.3% | 7 |
| COLUMBIA ETF TR I | [RECS](https://holderbook.com/stocks/RECS/) | $2.5M | 58,030 | 0.3% | 11 |
| EA SERIES TRUST | [DIVD](https://holderbook.com/stocks/DIVD/) | $2.4M | 57,158 | 0.3% | 11 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $2.4M | 63,950 | 0.3% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $2.3M | 12,539 | 0.3% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 15,701 | 0.3% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $2.3M | 4,100 | 0.3% | 8 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.3M | 9,022 | 0.3% | 11 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.0M | 17,075 | 0.2% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.0M | 2,707 | 0.2% | 11 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $1.9M | 174,217 | 0.2% | 6 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.9M | 955 | 0.2% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.9M | 3,953 | 0.2% | 6 |
| BLACKROCK MUNIHOLDINGS FD IN | [MHD](https://holderbook.com/stocks/MHD/) | $1.8M | 154,456 | 0.2% | 2 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $1.8M | 101,459 | 0.2% | 11 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.8M | 15,549 | 0.2% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.8M | 14,000 | 0.2% | 11 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $1.7M | 5,843 | 0.2% | 11 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.6M | 35,112 | 0.2% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.6M | 3,823 | 0.2% | 11 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $1.6M | 6,408 | 0.2% | 1 |
| FIRST TR EXCHNG TRADED FD VI | [YMAR](https://holderbook.com/stocks/YMAR/) | $1.6M | 54,859 | 0.2% | 9 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.6M | 3,055 | 0.2% | 11 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.6M | 12,644 | 0.2% | 11 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $1.6M | 14,050 | 0.2% | 11 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $1.4M | 12,419 | 0.2% | 11 |
| LIFE TIME GROUP HOLDINGS INC | [LTH](https://holderbook.com/stocks/LTH/) | $1.4M | 34,000 | 0.2% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.4M | 19,242 | 0.2% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.4M | 15,589 | 0.2% | 11 |
| MORGAN STANLEY DIRECT LENDIN | [MSDL](https://holderbook.com/stocks/MSDL/) | $1.3M | 84,112 | 0.2% | 8 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.3M | 1,722 | 0.2% | 11 |
| FIRST TR EXCHNG TRADED FD VI | [GJUN](https://holderbook.com/stocks/GJUN/) | $1.3M | 31,290 | 0.1% | 11 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.3M | 6,120 | 0.1% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.3M | 13,221 | 0.1% | 11 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $1.3M | 6,624 | 0.1% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.2M | 12,584 | 0.1% | 11 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.2M | 23,517 | 0.1% | 8 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $1.2M | 13,100 | 0.1% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.1M | 991 | 0.1% | 1 |
| BLACKROCK SCIENCE & TECHNOLO | [BSTZ](https://holderbook.com/stocks/BSTZ/) | $1.1M | 37,591 | 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 |
|---|---|---|---|---|
| Q4 2025 | +3.5% | +2.4% | +1.2% | 121% |
| Q3 2025 | +11.1% | +7.8% | +3.3% | 100% |
| Q2 2025 | +9.0% | +10.5% | -1.5% | 100% |
| Q1 2025 | -4.7% | -4.6% | -0.1% | 96% |
| Q4 2024 | +3.3% | +2.1% | +1.2% | 101% |
| Q3 2024 | +4.0% | +5.4% | -1.5% | 101% |
| Q2 2024 | +3.8% | +4.0% | -0.2% | 101% |
| Q1 2024 | +8.7% | +10.0% | -1.3% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $866.4M | 224 |
| Q1 2026 | $6.3M | 212 |
| Q4 2025 | $5.6M | 210 |
| Q3 2025 | $694.2M | 207 |
| Q2 2025 | $776.9M | 184 |
| Q1 2025 | $555.4M | 215 |
| Q4 2024 | $558.9M | 186 |
| Q3 2024 | $492.0M | 171 |
| Q2 2024 | $61.8B | 193 |
| Q1 2024 | $629.9M | 232 |
| Q4 2023 | $497.2M | 735 |