# Baer Investment Advisory LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2057153. Source: https://holderbook.com/funds/2057153-baer-investment-advisory-llc/

- Reported value: $119.5M
- Positions: 28
- Weight of the ten largest: 57.4%
- 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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $11.6M | 20,051 | 9.7% | 6 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $8.0M | 0 | 6.7% | 1 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $7.1M | 36,639 | 6.0% | 7 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $7.0M | 27,926 | 5.8% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.7M | 25,604 | 5.6% | 7 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $6.0M | 7,962 | 5.0% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $5.7M | 10,956 | 4.8% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $5.7M | 8,524 | 4.8% | 7 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $5.6M | 9,990 | 4.7% | 7 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $5.2M | 13,815 | 4.3% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.1M | 3,660 | 4.3% | 7 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $5.1M | 6,314 | 4.2% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.9M | 15,029 | 4.1% | 7 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $4.8M | 3,038 | 4.0% | 7 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $4.1M | 14,809 | 3.4% | 5 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $4.0M | 10,348 | 3.4% | 7 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $4.0M | 16,629 | 3.4% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.7M | 12,557 | 3.1% | 5 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.6M | 24,316 | 3.0% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.4M | 3,240 | 2.0% | 7 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $2.2M | 60,309 | 1.8% | 7 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $2.1M | 2,239 | 1.8% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.4M | 4,075 | 1.2% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.2M | 14,224 | 1.0% | 1 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $1.0M | 0 | 0.9% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $972.2K | 426 | 0.8% | 4 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $215.0K | 0 | 0.2% | 1 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $47.5K | 10,000 | 0.0% | 7 |

## 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 | +12.9% | +14.8% | -2.0% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 77% |
| Q4 2025 | -3.7% | +2.4% | -6.0% | 77% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 77% |
| Q2 2025 | +16.3% | +10.5% | +5.9% | 78% |
| Q1 2025 | -4.6% | -4.6% | -0.1% | 65% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $119.5M | 28 |
| Q1 2026 | $100.1M | 38 |
| Q4 2025 | $105.1M | 26 |
| Q3 2025 | $116.7M | 29 |
| Q2 2025 | $87.9M | 26 |
| Q1 2025 | $77.3M | 25 |
| Q4 2024 | $92.8M | 24 |