# STEPHEN J. GARRY & ASSOCIATES, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2056402. Source: https://holderbook.com/funds/2056402-stephen-j-garry-associates-llc/

- Reported value: $137.1M
- Positions: 55
- Weight of the ten largest: 71.0%
- Filed: 2026-07-24

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 INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $25.8M | 299,155 | 18.8% | 11 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $12.1M | 160,529 | 8.8% | 11 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $10.7M | 146,210 | 7.8% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $10.7M | 15,542 | 7.8% | 11 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $8.6M | 112,412 | 6.3% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $7.2M | 33,146 | 5.3% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.3M | 8,462 | 4.6% | 11 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $5.6M | 15,303 | 4.1% | 11 |
| VANGUARD ADMIRAL FDS INC | [IVOG](https://holderbook.com/stocks/IVOG/) | $5.4M | 37,208 | 4.0% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $4.9M | 6,496 | 3.5% | 11 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $4.1M | 10,527 | 3.0% | 11 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.7M | 14,314 | 1.9% | 2 |
| ISHARES TR | [ARTY](https://holderbook.com/stocks/ARTY/) | $2.6M | 34,114 | 1.9% | 5 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $2.0M | 24,793 | 1.5% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.0M | 25,697 | 1.5% | 11 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $1.9M | 8,042 | 1.4% | 5 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $1.6M | 30,780 | 1.2% | 5 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $1.5M | 9,215 | 1.1% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.4M | 4,922 | 1.0% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.4M | 1,870 | 1.0% | 11 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $1.4M | 12,671 | 1.0% | 8 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.3M | 15,686 | 0.9% | 11 |
| VANGUARD MUN BD FDS | [VTEI](https://holderbook.com/stocks/VTEI/) | $941.5K | 9,325 | 0.7% | 7 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $920.7K | 9,545 | 0.7% | 11 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $920.1K | 6,690 | 0.7% | 11 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $771.3K | 14,425 | 0.6% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $771.1K | 1,541 | 0.6% | 7 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $702.8K | 5,660 | 0.5% | 10 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $700.6K | 11,890 | 0.5% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $667.7K | 3,337 | 0.5% | 10 |
| TEMA ETF TRUST | [NASA](https://holderbook.com/stocks/NASA/) | $655.7K | 21,583 | 0.5% | 1 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $635.7K | 5,410 | 0.5% | 11 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $614.4K | 2,685 | 0.4% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $612.6K | 2,021 | 0.4% | 11 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $603.2K | 5,452 | 0.4% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $570.3K | 2,393 | 0.4% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $502.7K | 1,407 | 0.4% | 9 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $460.5K | 10,116 | 0.3% | 11 |
| VANECK ETF TRUST | [NLR](https://holderbook.com/stocks/NLR/) | $382.7K | 3,300 | 0.3% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $377.6K | 2,546 | 0.3% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $365.9K | 981 | 0.3% | 11 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $359.6K | 2,890 | 0.3% | 11 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $317.6K | 608 | 0.2% | 11 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $305.5K | 302 | 0.2% | 5 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $303.0K | 1,185 | 0.2% | 2 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $283.6K | 1,937 | 0.2% | 11 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $272.1K | 5,640 | 0.2% | 11 |
| ISHARES TR | [NYF](https://holderbook.com/stocks/NYF/) | $256.6K | 4,760 | 0.2% | 7 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $246.7K | 2,317 | 0.2% | 11 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $244.8K | 1,860 | 0.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $210.7K | 501 | 0.2% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $208.1K | 961 | 0.2% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $205.9K | 629 | 0.2% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $203.6K | 2,640 | 0.1% | 1 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $202.0K | 2,697 | 0.1% | 2 |

## 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 | +9.7% | +14.8% | -5.1% | 100% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +7.3% | +7.8% | -0.5% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.3% | 100% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2024 | +1.3% | +2.1% | -0.8% | 100% |
| Q3 2024 | +4.9% | +5.4% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $137.1M | 55 |
| Q1 2026 | $124.3M | 51 |
| Q4 2025 | $126.1M | 51 |
| Q3 2025 | $125.2M | 51 |
| Q2 2025 | $115.7M | 47 |
| Q1 2025 | $106.9M | 43 |
| Q4 2024 | $108.3M | 44 |
| Q3 2024 | $105.2M | 40 |
| Q2 2024 | $98.8M | 40 |
| Q1 2024 | $96.6M | 41 |
| Q4 2023 | $90.3M | 39 |