# Frec Markets, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2111359. Source: https://holderbook.com/funds/2111359-frec-markets-inc/

- Reported value: $1.1B
- Positions: 905
- Weight of the ten largest: 26.0%
- Filed: 2026-08-13

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/) | $62.9M | 314,429 | 5.6% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $58.0M | 200,356 | 5.2% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $29.4M | 78,902 | 2.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $25.0M | 21,650 | 2.2% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $22.1M | 61,816 | 2.0% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $21.7M | 57,509 | 1.9% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $21.6M | 90,665 | 1.9% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $18.7M | 52,938 | 1.7% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $15.2M | 31,760 | 1.4% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $14.7M | 25,294 | 1.3% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $10.5M | 24,231 | 0.9% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $10.1M | 72,086 | 0.9% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.9M | 30,327 | 0.9% | 3 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $9.9M | 13,677 | 0.9% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $9.8M | 23,333 | 0.9% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $9.7M | 19,366 | 0.9% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $9.6M | 8,043 | 0.9% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.8M | 15,688 | 0.8% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.1M | 20,806 | 0.6% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $7.1M | 23,618 | 0.6% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.0M | 27,439 | 0.6% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $5.8M | 49,426 | 0.5% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $5.4M | 8,527 | 0.5% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.0M | 19,777 | 0.4% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $4.9M | 43,623 | 0.4% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $4.7M | 58,334 | 0.4% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $4.7M | 12,617 | 0.4% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $4.6M | 4,281 | 0.4% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.4M | 34,217 | 0.4% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $4.4M | 76,568 | 0.4% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.3M | 29,551 | 0.4% | 3 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $4.3M | 24,159 | 0.4% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $4.1M | 12,155 | 0.4% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $4.1M | 13,827 | 0.4% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.0M | 9,715 | 0.4% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $4.0M | 2,002 | 0.4% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.9M | 11,068 | 0.4% | 3 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.8M | 12,915 | 0.3% | 3 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $3.8M | 1,684 | 0.3% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $3.8M | 17,951 | 0.3% | 3 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $3.6M | 8,303 | 0.3% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.6M | 3,533 | 0.3% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $3.6M | 13,947 | 0.3% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $3.6M | 25,431 | 0.3% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.4M | 6,585 | 0.3% | 3 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $3.3M | 8,386 | 0.3% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.1M | 17,003 | 0.3% | 3 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $3.1M | 17,084 | 0.3% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.1M | 33,921 | 0.3% | 3 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $3.0M | 5,861 | 0.3% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $3.0M | 20,754 | 0.3% | 3 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $3.0M | 23,422 | 0.3% | 3 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $2.9M | 8,571 | 0.3% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.9M | 17,554 | 0.3% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.9M | 3,082 | 0.3% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $2.9M | 2,440 | 0.3% | 3 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.9M | 15,042 | 0.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.8M | 3,628 | 0.2% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.7M | 23,358 | 0.2% | 3 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.7M | 9,655 | 0.2% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $2.7M | 15,722 | 0.2% | 3 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $2.6M | 34,757 | 0.2% | 2 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $2.6M | 2,689 | 0.2% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.6M | 17,031 | 0.2% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.5M | 7,501 | 0.2% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.5M | 11,321 | 0.2% | 3 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.5M | 30,669 | 0.2% | 3 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $2.5M | 42,773 | 0.2% | 2 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $2.5M | 17,075 | 0.2% | 3 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $2.4M | 27,833 | 0.2% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.3M | 24,455 | 0.2% | 3 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $2.3M | 20,827 | 0.2% | 3 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $2.3M | 14,969 | 0.2% | 3 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $2.1M | 5,680 | 0.2% | 3 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $2.1M | 18,020 | 0.2% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $2.1M | 16,143 | 0.2% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.1M | 29,201 | 0.2% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $2.0M | 4,739 | 0.2% | 3 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $2.0M | 20,464 | 0.2% | 2 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.0M | 9,199 | 0.2% | 3 |
| UDR INC | [UDR](https://holderbook.com/stocks/UDR/) | $2.0M | 50,265 | 0.2% | 3 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.9M | 5,697 | 0.2% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.9M | 12,198 | 0.2% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.9M | 19,672 | 0.2% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.9M | 20,608 | 0.2% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $1.9M | 9,883 | 0.2% | 3 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.9M | 29,708 | 0.2% | 3 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $1.9M | 39,960 | 0.2% | 3 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $1.8M | 53,125 | 0.2% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.8M | 25,447 | 0.2% | 3 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $1.8M | 16,863 | 0.2% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.8M | 18,281 | 0.2% | 3 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $1.8M | 20,885 | 0.2% | 3 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $1.8M | 18,710 | 0.2% | 3 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $1.8M | 8,031 | 0.2% | 3 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $1.8M | 9,552 | 0.2% | 3 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $1.8M | 12,600 | 0.2% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.7M | 41,297 | 0.2% | 3 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $1.7M | 22,492 | 0.2% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.7M | 12,718 | 0.2% | 3 |

## 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 | +17.8% | +14.8% | +2.9% | 100% |
| Q1 2026 | -3.8% | -4.6% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.1B | 905 |
| Q1 2026 | $587.2M | 644 |
| Q4 2025 | $342.1M | 343 |