Destination Wealth Management's Q2 2025 13F: 28 new positions, 13 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 252 reported positions · accession 0001278573-25-000009
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | PIMCO ETF TR (PYLD) | — | 2.0% | +2.0 pts | +2.56M sh | new |
| New | SPDR SERIES TRUST (SPTL) | — | 1.6% | +1.6 pts | +2.06M sh | new |
| Reduced | SPDR SERIES TRUST (SPSB) | 1.5% | 0.2% | −1.4 pts | −1.42M sh | −89% |
| Increased | ELI LILLY & CO (LLY) | 0.8% | 1.2% | +0.4 pts | +20,602 sh | +69% |
| Increased | MICROSOFT CORP (MSFT) | 1.7% | 2.6% | +0.9 pts | +32,285 sh | +22% |
| Increased | INTUITIVE SURGICAL INC (ISRG) | 0.0% | 0.4% | +0.4 pts | +25,626 sh | +3273% |
| Reduced | NOVO-NORDISK A S (NVO) | 0.5% | 0.1% | −0.4 pts | −200K sh | −82% |
| Reduced | MERCK & CO INC (MRK) | 0.6% | 0.1% | −0.5 pts | −170K sh | −77% |
| Increased | APPLE INC (AAPL) | 5.6% | 5.1% | −0.5 pts | +40,735 sh | +5% |
| Reduced | ISHARES TR (SGOV) | 0.2% | 0.0% | −0.2 pts | −60,398 sh | −92% |
| Reduced | SCHWAB STRATEGIC TR (SCHZ) | 1.2% | 1.0% | −0.2 pts | −225K sh | −13% |
| Increased | ISHARES TR (EAGG) | 0.4% | 0.5% | +0.1 pts | +107K sh | +38% |
| Reduced | ISHARES TR (IVV) | 2.2% | 2.1% | −0.1 pts | −7,663 sh | −6% |
| Reduced | SCHWAB STRATEGIC TR (SCHX) | 0.8% | 0.7% | −0.1 pts | −152K sh | −13% |
| Increased | ISHARES TR (IJR) | 2.6% | 2.7% | 0.0 pts | +33,368 sh | +4% |
| New |
RALLIANT CORP (RAL)
new — newly listed security (e.g. spin-off)
|
— | 0.1% | +0.1 pts | +70,101 sh | new |
| Reduced | INVESCO EXCHANGE TRADED FD T (RSPT) | 0.3% | 0.2% | −0.1 pts | −78,271 sh | −33% |
| Reduced | PALANTIR TECHNOLOGIES INC (PLTR) | 0.1% | 0.1% | 0.0 pts | −22,843 sh | −44% |
| New | SPDR SERIES TRUST (SPTM) | — | 0.1% | +0.1 pts | +26,460 sh | new |
| Reduced | COSTCO WHSL CORP NEW (COST) | 2.2% | 2.1% | −0.1 pts | −1,904 sh | −3% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 1.7% | 1.8% | +0.1 pts | −5,739 sh | −3% |
| Increased | DANAHER CORPORATION (DHR) | 1.1% | 1.1% | −0.1 pts | +7,854 sh | +4% |
| Exited | VANGUARD INDEX FDS (VXF) | 0.0% | — | 0.0 pts | −7,590 sh | −100% |
| Increased | ISHARES TR (AGG) | 4.5% | 4.2% | −0.3 pts | +13,821 sh | +1% |
| Reduced | CAPITAL ONE FINL CORP (COF) | 0.8% | 0.8% | 0.0 pts | −6,270 sh | −5% |
| Increased | ISHARES TR (IJH) | 1.9% | 1.9% | 0.0 pts | +21,194 sh | +2% |
| Reduced | VISA INC (V) | 2.0% | 1.8% | −0.2 pts | −3,618 sh | −2% |
| Reduced | ISHARES TR (EFA) | 1.1% | 1.1% | 0.0 pts | −13,582 sh | −3% |
| Increased | ISHARES TR (TLH) | 2.5% | 2.4% | −0.2 pts | +11,893 sh | +2% |
| New | VANGUARD TAX-MANAGED FDS (VEA) | — | 0.0% | 0.0 pts | +20,619 sh | new |
| Increased | PFIZER INC (PFE) | 0.6% | 0.6% | 0.0 pts | +48,068 sh | +6% |
| Reduced | INVESCO QQQ TR (QQQ) | 0.3% | 0.3% | 0.0 pts | −1,993 sh | −10% |
| Increased | SPDR S&P 500 ETF TR (SPY) | 0.4% | 0.4% | 0.0 pts | +1,714 sh | +8% |
| Increased | THERMO FISHER SCIENTIFIC INC (TMO) | 0.6% | 0.5% | −0.1 pts | +2,549 sh | +7% |
| Reduced | BROADCOM INC (AVGO) | 0.2% | 0.2% | +0.1 pts | −3,596 sh | −13% |
| Reduced | NVIDIA CORPORATION (NVDA) | 0.4% | 0.5% | +0.1 pts | −6,178 sh | −6% |
| Reduced | MASTERCARD INCORPORATED (MA) | 1.8% | 1.7% | −0.1 pts | −1,590 sh | −2% |
| Increased | JOHNSON & JOHNSON (JNJ) | 1.5% | 1.3% | −0.2 pts | +5,497 sh | +2% |
| Increased | ISHARES TR (FLOT) | 0.8% | 0.8% | 0.0 pts | +16,110 sh | +3% |
| Reduced | WALMART INC (WMT) | 0.9% | 0.9% | 0.0 pts | −8,182 sh | −3% |
| Reduced | VERTEX PHARMACEUTICALS INC (VRTX) | 0.1% | 0.0% | 0.0 pts | −1,724 sh | −53% |
| Reduced | PIMCO ETF TR (EMNT) | 0.2% | 0.1% | 0.0 pts | −7,228 sh | −14% |
| Increased | PIMCO ETF TR (MINT) | 0.9% | 0.9% | 0.0 pts | +7,100 sh | +3% |
| Reduced | AMERICAN EXPRESS CO (AXP) | 0.9% | 1.0% | +0.1 pts | −2,226 sh | −2% |
| Increased | ISHARES U S ETF TR (LQDH) | 2.4% | 2.2% | −0.1 pts | +7,599 sh | +1% |
| Exited | SCHWAB STRATEGIC TR (SCHK) | 0.0% | — | 0.0 pts | −24,065 sh | −100% |
| Reduced | AMPLIFY ETF TR (HACK) | 0.7% | 0.8% | +0.1 pts | −7,987 sh | −3% |
| New | UNITED PARCEL SERVICE INC (UPS) | — | 0.0% | 0.0 pts | +6,816 sh | new |
| Increased | ALPHABET INC (GOOGL) | 1.6% | 1.7% | +0.1 pts | +3,763 sh | +1% |
| Reduced | VANGUARD INDEX FDS (VUG) | 1.8% | 1.9% | +0.2 pts | −1,511 sh | −1% |
The 50 largest of 248 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 — 28.6% of the equity book
Changes in the top 10 this quarter: MSFT entered · IEMG entered · IVV left · COST left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | APPLE INC (AAPL) | 5.6% | 5.1% | |
| 2 | ISHARES TR (AGG) | 4.5% | 4.2% | |
| 3 | SPDR SERIES TRUST (SDY) | 3.0% | 2.8% | |
| 4 | ISHARES TR (IJR) | 2.6% | 2.7% | |
| 5 | MICROSOFT CORP (MSFT) | 1.7% | 2.6% | Entered the top 10 |
| 6 | ISHARES TR (TLH) | 2.5% | 2.4% | |
| 7 | ISHARES INC (IEMG) | 2.2% | 2.2% | Entered the top 10 |
| 8 | ISHARES TR (STIP) | 2.4% | 2.2% | |
| 9 | ISHARES U S ETF TR (LQDH) | 2.4% | 2.2% | |
| 10 | ISHARES TR (IGSB) | 2.3% | 2.2% | |
| — | ISHARES TR (IVV) | 2.2% | 2.1% | Left the top 10 |
| — | COSTCO WHSL CORP NEW (COST) | 2.2% | 2.1% | 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 |
|---|---|---|---|---|---|
| Increased | TESLA INC (TSLA) | Put | 4,600 | 5,600 | $323K |
| Increased | BROADCOM INC (AVGO) | Put | 3,000 | 4,000 | $25.3K |
| New | SERVICENOW INC (NOW) | Call | 0 | 100 | $21.4K |
| New | CONSTELLATION ENERGY CORP (CEG) | Call | 0 | 200 | $19.9K |
| New | BROADCOM INC (AVGO) | Call | 0 | 200 | $18.5K |
| New | INVESCO QQQ TR (QQQ) | Call | 0 | 100 | $11.5K |
| New | ISHARES TR (EFA) | Call | 0 | 1,000 | $10.4K |
| Increased | ANALOG DEVICES INC (ADI) | Put | 1,500 | 2,000 | $5.27K |
| Increased | CINTAS CORP (CTAS) | Put | 2,000 | 3,500 | $7.36K |
| Increased | APPLE INC (AAPL) | Call | 100 | 200 | $9.28K |
| Increased | BLACKSTONE INC (BX) | Call | 100 | 200 | $5.78K |