LAZARI CAPITAL MANAGEMENT INC
Q2 2025 Form 13-F
WOODLAND HILLS, CALIFORNIA
CIK 0001986389
· CRD 172932
· SEC-registered investment adviser
$265.6M Reported Value Total
LAZARI CAPITAL MANAGEMENT, INC. reports 1,068 total accounts under management (AUM). There are 969 discretionary accounts valued at $456,888,440, and 99 non-discretionary accounts valued at $157,734,852.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $6.1M gross asset value
Hedge Fund: $6.1M
Source: Form ADV filed 2026-05-19
Reported value
$265.6M
Quarter over quarter
+11.7%
Holdings
155
Top-10 concentration
55.4%
Key People
Form ADV owners & control persons
Michael Lazari Karapetian
PRESIDENT
Hovig Melkonian
CCO
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13F Metrics
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | July 17, 2025 |
| Form | 13F-HR |
| Reported value | $265.6M |
| Positions | 155 |
| Change in reported value | +8.6% |
| New positions | 8 |
| Exited positions | 8 |
| Position turnover | 9.8% |
| Top-10 concentration | 55.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 20, 2026
|
187 | $339.5M |
|
Q2 2026 13F
Filed Jul 23, 2026
|
188 | $324.6M |
|
Q1 2026 13F
Filed Apr 24, 2026
|
175 | $287.5M |
|
Q4 2025 13F
Filed Jan 20, 2026
|
165 | $297.7M |
|
Q3 2025 13F
Filed Oct 28, 2025
|
166 | $296.3M |
|
Q2 2025 13F
Filed Jul 17, 2025
|
155 | $265.6M |
|
Q1 2025 13F
Filed Apr 23, 2025
|
155 | $244.6M |
|
Q4 2024 13F
Filed Jan 24, 2025
|
153 | $250.9M |
|
Q3 2024 13F
Filed Oct 22, 2024
|
159 | $233.8M |
|
Q2 2024 13F
Filed Sep 9, 2024
|
144 | $221.8M |
|
Q1 2024 13F
Filed Jun 24, 2024
|
127 | $184.1M |
|
Q4 2023 13F
Filed Feb 27, 2024
|
125 | $174.7M |
|
Q3 2023 13F
Filed Nov 7, 2023
|
123 | $167.7M |
|
Q2 2023 13F
Filed Jul 20, 2023
|
128 | $177.8M |
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC | $34.0M | 12.79% |
| 2 | META META PLATFORMS INC | $24.6M | 9.26% |
| 3 | UBER UBER TECHNOLOGIES INC | $17.1M | 6.43% |
| 4 | AMZN AMAZON COM INC | $17.0M | 6.41% |
| 5 | NVDA NVIDIA CORPORATION | $16.1M | 6.08% |
| 6 | GOOGL ALPHABET INC | $9.7M | 3.63% |
| 7 | MSFT MICROSOFT CORP | $8.2M | 3.1% |
| 8 | DIS DISNEY WALT CO | $7.8M | 2.95% |
| 9 | BA BOEING CO | $6.6M | 2.47% |
| 10 | BP BP PLC | $6.0M | 2.25% |
| 11 | NFLX NETFLIX INC | $5.0M | 1.89% |
| 12 | BAC BANK AMERICA CORP | $4.7M | 1.78% |
| 13 | VTI VANGUARD INDEX FDS | $3.7M | 1.41% |
| 14 | TSLA TESLA INC | $3.5M | 1.32% |
| 15 | AMD ADVANCED MICRO DEVICES INC | $3.4M | 1.29% |
| 16 | AVGO BROADCOM INC | $3.2M | 1.22% |
| 17 | ABBV ABBVIE INC | $3.0M | 1.13% |
| 18 | VZ VERIZON COMMUNICATIONS INC | $2.9M | 1.09% |
| 19 | WYNN WYNN RESORTS LTD | $2.6M | 0.97% |
| 20 | SPY SPDR S&P 500 ETF TR | $2.6M | 0.96% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.