VISION FINANCIAL MARKETS LLC
Q4 2025 Form 13-F
STAMFORD, DELAWARE
CIK 0001378145
· Institutional investment manager
$98.0M Reported Value Total
Reported value
$98.0M
Quarter over quarter
-1.4%
Holdings
409
Top-10 concentration
60.1%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
John Karafa
Chief Compliance Officer
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13F Metrics
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | January 22, 2026 |
| Form | 13F-HR |
| Reported value | $98.0M |
| Positions | 409 |
| Change in reported value | -16.4% |
| New positions | 12 |
| Exited positions | 32 |
| Position turnover | 10.0% |
| Top-10 concentration | 60.1% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 22, 2026
|
387 | $131.3M |
|
Q2 2026 13F
Filed Jul 24, 2026
|
411 | $115.3M |
|
Q1 2026 13F
Filed Apr 24, 2026
|
423 | $102.5M |
|
Q4 2025 13F
Filed Jan 22, 2026
|
409 | $98.0M |
|
Q3 2025 13F
Filed Nov 6, 2025
|
429 | $117.1M |
|
Q2 2025 13F
Filed Aug 1, 2025
|
433 | $106.1M |
|
Q1 2025 13F
Filed May 9, 2025
|
433 | $91.9M |
|
Q4 2024 13F
Filed Feb 6, 2025
|
231 | $93.2M |
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | QQQ INVESCO QQQ TR | $10.1M | 10.35% |
| 2 | SPY SPDR S&P 500 ETF TR TR | $9.6M | 9.8% |
| 3 | AAPL APPLE INC | $8.4M | 8.53% |
| 4 | AZO AUTOZONE INC | $6.4M | 6.56% |
| 5 | TBIL RBB FD INC | $6.0M | 6.11% |
| 6 | JPM JPMORGAN CHASE & CO. | $5.3M | 5.46% |
| 7 | AMZN AMAZON COM INC | $4.5M | 4.6% |
| 8 | AN AUTONATION INC | $3.0M | 3.11% |
| 9 | BRK-B BERKSHIRE HATHAWAY INC DEL | $3.0M | 3.06% |
| 10 | WSM WILLIAMS SONOMA INC | $2.4M | 2.48% |
| 11 | HD HOME DEPOT INC | $2.1M | 2.14% |
| 12 | TSLA TESLA INC | $2.1M | 2.13% |
| 13 | MSFT MICROSOFT CORP | $1.5M | 1.5% |
| 14 | BLK BLACKROCK INC | $1.4M | 1.43% |
| 15 | WM WASTE MGMT INC DEL | $1.3M | 1.3% |
| 16 | GOOG ALPHABET INC | $1.2M | 1.23% |
| 17 | COST COSTCO WHSL CORP NEW | $1.2M | 1.18% |
| 18 | JNJ JOHNSON & JOHNSON | $957.2K | 0.98% |
| 19 | NVDA NVIDIA CORPORATION | $943.4K | 0.96% |
| 20 | MCD MCDONALDS CORP | $887.5K | 0.91% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.