Burns Matteson Capital Management LLC's Q3 2025 13F: 53 new positions, 47 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Oct 16, 2025 · 192 reported positions · accession 0001894164-25-000009
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | UNITEDHEALTH GROUP INC COM (UNH) | — | 1.2% | +1.2 pts | +8,017 sh | new |
| New | ISHARES 7-10 YEAR TREASURY BOND ETF (IEF) | — | 1.1% | +1.1 pts | +26,550 sh | new |
| Increased | WISDOMTREE DYNAMIC INTERNATIONAL EQUITY FUND (DDWM) | 1.3% | 1.9% | +0.6 pts | +42,483 sh | +63% |
| Increased | SPDR GOLD SHARES (GLD) | 2.0% | 2.7% | +0.7 pts | +4,581 sh | +34% |
| Increased | ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA) | 1.2% | 1.5% | +0.3 pts | +25,305 sh | +40% |
| Reduced | ROBINHOOD MKTS INC COM CL A (HOOD) | 0.5% | 0.3% | −0.3 pts | −6,938 sh | −62% |
| Increased | INVESCO S&P 500 QUALITY ETF (SPHQ) | 7.1% | 6.8% | −0.4 pts | +13,224 sh | +6% |
| Reduced | CORNING INC COM (GLW) | 9.3% | 11.6% | +2.3 pts | −24,833 sh | −3% |
| Exited | SUPER MICRO COMPUTER INC COM NEW (SMCI) | 0.3% | — | −0.3 pts | −13,404 sh | −100% |
| Reduced | WEYERHAEUSER (PLUM CREEK TIMBER) (WY) | 1.1% | 0.6% | −0.5 pts | −30,368 sh | −33% |
| Exited | ALTRIA GROUP INC COM (MO) | 0.3% | — | −0.3 pts | −9,219 sh | −100% |
| Exited | HASBRO INC COM (HAS) | 0.3% | — | −0.3 pts | −7,319 sh | −100% |
| Exited | MGIC INVT CORP WIS COM (MTG) | 0.3% | — | −0.3 pts | −18,897 sh | −100% |
| New | UBIQUITI INC COM (UI) | — | 0.2% | +0.2 pts | +894 sh | new |
| Exited | VERONA PHARMA PLC SPONSORED ADS (VRNA) | 0.2% | — | −0.2 pts | −5,168 sh | −100% |
| Exited | HARTFORD FINL SVCS GROUP INC COM (HIG) | 0.2% | — | −0.2 pts | −3,827 sh | −100% |
| Exited | AMERICAN TOWER CORP NEW COM (AMT) | 0.2% | — | −0.2 pts | −2,173 sh | −100% |
| Exited | DARDEN RESTAURANTS INC COM (DRI) | 0.2% | — | −0.2 pts | −2,190 sh | −100% |
| Exited | OLD REP INTL CORP COM (ORI) | 0.2% | — | −0.2 pts | −12,325 sh | −100% |
| Exited | UNUM GROUP COM (UNM) | 0.2% | — | −0.2 pts | −5,862 sh | −100% |
| New | LAM RESEARCH CORP COM NEW (LRCX) | — | 0.2% | +0.2 pts | +4,069 sh | new |
| Exited | COMMVAULT SYS INC COM (CVLT) | 0.2% | — | −0.2 pts | −2,703 sh | −100% |
| New | HOLLYFRONTIER CORP COM (DINO) | — | 0.2% | +0.2 pts | +10,358 sh | new |
| Exited | TRAVELERS COMPANIES INC COM (TRV) | 0.2% | — | −0.2 pts | −1,756 sh | −100% |
| Exited | SIRIUSXM HOLDINGS INC COMMON STOCK (SIRI) | 0.2% | — | −0.2 pts | −20,426 sh | −100% |
| Exited | LINCOLN NATL CORP IND COM (LNC) | 0.2% | — | −0.2 pts | −13,492 sh | −100% |
| Exited | INGREDION INC COM (INGR) | 0.2% | — | −0.2 pts | −3,437 sh | −100% |
| Exited | HANOVER INS GROUP INC COM (THG) | 0.2% | — | −0.2 pts | −2,728 sh | −100% |
| Exited | MARKEL GROUP INC COM (MKL) | 0.2% | — | −0.2 pts | −232 sh | −100% |
| Exited | SYNCHRONY FINANCIAL COM (SYF) | 0.2% | — | −0.2 pts | −6,892 sh | −100% |
| Exited | ALBERTSONS COS INC COMMON STOCK (ACI) | 0.2% | — | −0.2 pts | −21,247 sh | −100% |
| Exited | HERSHEY CO COM (HSY) | 0.2% | — | −0.2 pts | −2,717 sh | −100% |
| Exited | CINCINNATI FINL CORP COM (CINF) | 0.2% | — | −0.2 pts | −3,011 sh | −100% |
| Exited | AT&T INC COM (T) | 0.2% | — | −0.2 pts | −15,461 sh | −100% |
| Increased | UNITED AIRLS HLDGS INC COM (UAL) | 0.1% | 0.3% | +0.2 pts | +5,240 sh | +157% |
| New | NORWEGIAN CRUISE LINE HLDG LTD SHS (NCLH) | — | 0.2% | +0.2 pts | +20,135 sh | new |
| Increased | WISDOMTREE US QUALITY DIVIDEND GROWTH FUND (DGRW) | 1.9% | 1.9% | +0.1 pts | +5,566 sh | +12% |
| New | DELTA AIR LINES INC DEL COM NEW (DAL) | — | 0.2% | +0.2 pts | +8,713 sh | new |
| New | GENERAL MTRS CO COM (GM) | — | 0.2% | +0.2 pts | +8,103 sh | new |
| Exited | KIMBERLY CLARK CORP COM (KMB) | 0.2% | — | −0.2 pts | −3,298 sh | −100% |
| New | RYDER SYS INC COM (R) | — | 0.2% | +0.2 pts | +2,594 sh | new |
| New | EXPEDIA GROUP INC COM NEW (EXPE) | — | 0.2% | +0.2 pts | +2,258 sh | new |
| New | OSHKOSH CORP COM (OSK) | — | 0.2% | +0.2 pts | +3,646 sh | new |
| New | MARATHON PETE CORP COM (MPC) | — | 0.2% | +0.2 pts | +2,445 sh | new |
| Exited | AFLAC INC COM (AFL) | 0.2% | — | −0.2 pts | −3,862 sh | −100% |
| Exited | HP INC COM (HPQ) | 0.2% | — | −0.2 pts | −16,594 sh | −100% |
| New | RED ROCK RESORTS INC CL A (RRR) | — | 0.2% | +0.2 pts | +7,622 sh | new |
| New | WESCO INTL INC COM (WCC) | — | 0.2% | +0.2 pts | +2,193 sh | new |
| Exited | OMNICOM GROUP INC COM (OMC) | 0.2% | — | −0.2 pts | −5,535 sh | −100% |
| New | FIVE BELOW INC COM (FIVE) | — | 0.2% | +0.2 pts | +2,938 sh | new |
The 50 largest of 224 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 41.8% of the equity book
Changes in the top 10 this quarter: GLD entered · MSFT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CORNING INC COM (GLW) | 9.3% | 11.6% | |
| 2 | INVESCO S&P 500 QUALITY ETF (SPHQ) | 7.1% | 6.8% | |
| 3 | PACER US CASH COWS 100 ETF (COWZ) | 4.9% | 4.6% | |
| 4 | ISHARES RUSSELL TOP 200 GROWTH ETF (IWY) | 3.7% | 3.7% | |
| 5 | SCHWAB US DIVIDEND EQUITY ETF (SCHD) | 3.2% | 2.9% | |
| 6 | INVESCO S&P MIDCAP QUALITY ETF (XMHQ) | 2.8% | 2.7% | |
| 7 | SPDR GOLD SHARES (GLD) | 2.0% | 2.7% | Entered the top 10 |
| 8 | SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF (SPIB) | 2.6% | 2.4% | |
| 9 | ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF (IGIB) | 2.6% | 2.4% | |
| 10 | ISHARES RUSSELL MID-CAP GROWTH ETF (IWP) | 2.4% | 2.1% | |
| — | MICROSOFT CORP COM (MSFT) | 2.2% | 1.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | SPDR GOLD SHARES (GLD) | Call | 0 | 19,000 | $6.75M |
| New | ISHARES SILVER TRUST | Call | 0 | 102K | $4.3M |
| New | INVESCO QQQ TRUST (QQQ) | Put | 0 | 5,000 | $3M |
| New | CORNING INC COM (GLW) | Call | 0 | 10,000 | $360K |
| New | CORNING INC COM (GLW) | Put | 0 | 5,000 | $180K |