CONDOR CAPITAL MANAGEMENT — Q4 2025 13F-HR

← CONDOR CAPITAL MANAGEMENT

Q4 2025 · 13F-HR

CONDOR CAPITAL MANAGEMENTholdings as filed

Filed 2026-02-06 · accession 0001082491-26-000001

$1.24B

Reported value

183

Positions

2025-12-31

Period end

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The Brief · CONDOR CAPITAL MANAGEMENT · Q4 2025

AI · grounded in 13F

Condor Capital Management established a new position in EMBX valued at $6.07M. The fund closed its positions in SPG, reducing exposure by $3.47M, and CGBD, reducing exposure by $2.29M. Additionally, the manager increased its holdings in PBDC by 105.96% and SOXQ by 57.96%.

Holdings as filed

CUSIP	Ticker	Issuer	Value	% port.	Shares	Class	Voting
922908363	VOO	VANGUARD INDEX FDS	$143.2M	11.6%	228,320	Common	SOLE
922908744	VTV	VANGUARD INDEX FDS	$68.0M	5.50%	356,046	Common	SOLE
922908736	VUG	VANGUARD INDEX FDS	$67.5M	5.47%	138,428	Common	SOLE
46432F842	IEFA	ISHARES TR	$47.2M	3.82%	527,353	Common	SOLE
037833100	AAPL	APPLE INC	$35.6M	2.88%	130,868	Common	SOLE
92206C714	VONV	VANGUARD SCOTTSDALE FDS	$35.0M	2.83%	378,773	Common	SOLE
464287614	IWF	ISHARES TR	$33.5M	2.71%	70,698	Common	SOLE
464287408	IVE	ISHARES TR	$31.6M	2.56%	149,231	Common	SOLE
922908512	VOE	VANGUARD INDEX FDS	$30.7M	2.49%	173,073	Common	SOLE
02079K305	GOOGL	ALPHABET INC	$26.9M	2.18%	85,851	Common	SOLE
92206C680	VONG	VANGUARD SCOTTSDALE FDS	$26.6M	2.15%	218,301	Common	SOLE
78462F103	SPY	SPDR S&P 500 ETF TR	$24.8M	2.01%	36,416	Common	SOLE
594918104	MSFT	MICROSOFT CORP	$23.9M	1.94%	49,476	Common	SOLE
922908629	VO	VANGUARD INDEX FDS	$23.3M	1.88%	80,124	Common	SOLE
922908538	VOT	VANGUARD INDEX FDS	$19.9M	1.61%	71,437	Common	SOLE
30303M102	META	META PLATFORMS INC	$19.5M	1.58%	29,536	Common	SOLE
025072398	MUSI	AMERICAN CENTY ETF TR	$18.0M	1.46%	407,883	Common	SOLE
14020Y102	CGCP	CAPITAL GRP FIXED INCM ETF T	$17.8M	1.44%	786,241	Common	SOLE
46434G103	IEMG	ISHARES INC	$17.4M	1.41%	259,499	Common	SOLE
023135106	AMZN	AMAZON COM INC	$16.1M	1.30%	69,816	Common	SOLE
72201R783	HYS	PIMCO ETF TR	$15.8M	1.28%	166,397	Common	SOLE
092528603	BINC	BLACKROCK ETF TRUST II	$15.4M	1.24%	291,293	Common	SOLE
41653L305	HTRB	HARTFORD FDS EXCHANGE TRADED	$13.3M	1.08%	389,283	Common	SOLE
72201R874	SMMU	PIMCO ETF TR	$13.1M	1.06%	260,714	Common	SOLE
46641Q647	JMUB	J P MORGAN EXCHANGE TRADED F	$13.0M	1.05%	257,668	Common	SOLE
45409F827	MMIT	NEW YORK LIFE INVTS ACTIVE E	$12.1M	0.98%	495,798	Common	SOLE
92189F411	BIZD	VANECK ETF TRUST	$11.5M	0.93%	812,485	Common	SOLE
464287804	IJR	ISHARES TR	$11.1M	0.90%	92,188	Common	SOLE
46138G615	SOXQ	INVESCO EXCH TRADED FD TR II	$10.8M	0.87%	192,807	Common	SOLE
92206C409	VCSH	VANGUARD SCOTTSDALE FDS	$10.6M	0.86%	133,534	Common	SOLE
46137V282	RSPT	INVESCO EXCHANGE TRADED FD T	$10.5M	0.85%	229,913	Common	SOLE
746729508	PBDC	PUTNAM ETF TRUST	$10.4M	0.84%	340,779	Common	SOLE
97717X701	HEDJ	WISDOMTREE TR	$9.1M	0.73%	171,045	Common	SOLE
025072505	TAXF	AMERICAN CENTY ETF TR	$8.5M	0.69%	168,085	Common	SOLE
57636Q104	MA	MASTERCARD INCORPORATED	$8.3M	0.67%	14,544	Common	SOLE
92826C839	V	VISA INC	$8.2M	0.66%	23,409	Common	SOLE
316092782	FVAL	FIDELITY COVINGTON TRUST	$8.2M	0.66%	113,496	Common	SOLE
464288158	SUB	ISHARES TR	$8.1M	0.65%	75,734	Common	SOLE
025816109	AXP	AMERICAN EXPRESS CO	$7.8M	0.63%	21,119	Common	SOLE
78464A854	SPYM	SPDR SERIES TRUST	$7.6M	0.61%	94,328	Common	SOLE
464287481	IWP	ISHARES TR	$7.0M	0.57%	51,145	Common	SOLE
40412C101	HCA	HCA HEALTHCARE INC	$6.5M	0.53%	13,942	Common	SOLE
92107P772	EMBX	VANECK FDS	$6.1M	0.49%	119,963	Common	SOLE
G8994E103	TT	TRANE TECHNOLOGIES PLC	$5.9M	0.48%	15,232	Common	SOLE
911363109	URI	UNITED RENTALS INC	$5.9M	0.48%	7,270	Common	SOLE
808513105	SCHW	SCHWAB CHARLES CORP	$5.8M	0.47%	58,415	Common	SOLE
83413U100	SLRC	SLR INVESTMENT CORP	$5.8M	0.47%	374,063	Common	SOLE
09257W100	BXMT	BLACKSTONE MTG TR INC	$5.6M	0.46%	293,843	Common	SOLE
87266M107	TRTX	TPG RE FIN TR INC	$5.6M	0.45%	646,943	Common	SOLE
922908751	VB	VANGUARD INDEX FDS	$5.5M	0.45%	21,371	Common	SOLE
90138F102	TWLO	TWILIO INC	$5.2M	0.42%	36,727	Common	SOLE
03761U502	MFIC	MIDCAP FINANCIAL INVSTMNT CO	$5.2M	0.42%	456,217	Common	SOLE
46625H100	JPM	JPMORGAN CHASE & CO.	$5.2M	0.42%	16,164	Common	SOLE
225655109	CCAP	CRESCENT CAP BDC INC	$5.2M	0.42%	366,887	Common	SOLE
921943858	VEA	VANGUARD TAX-MANAGED FDS	$5.1M	0.41%	81,980	Common	SOLE
701094104	PH	PARKER-HANNIFIN CORP	$5.1M	0.41%	5,780	Common	SOLE
38173M102	GBDC	GOLUB CAP BDC INC	$5.1M	0.41%	373,818	Common	SOLE
548661107	LOW	LOWES COS INC	$4.9M	0.40%	20,477	Common	SOLE
464288885	EFG	ISHARES TR	$4.9M	0.39%	42,809	Common	SOLE
02079K107	GOOG	ALPHABET INC	$4.8M	0.39%	15,381	Common	SOLE
04010L103	ARCC	ARES CAPITAL CORP	$4.7M	0.38%	231,926	Common	SOLE
33739P830	FSMB	FIRST TR EXCH TRADED FD III	$4.6M	0.37%	230,777	Common	SOLE
38141G104	GS	GOLDMAN SACHS GROUP INC	$4.6M	0.37%	5,238	Common	SOLE
437076102	HD	HOME DEPOT INC	$4.5M	0.36%	12,960	Common	SOLE
69121K104	OBDC	BLUE OWL CAPITAL CORPORATION	$4.3M	0.35%	345,178	Common	SOLE
79466L302	CRM	SALESFORCE INC	$4.2M	0.34%	15,703	Common	SOLE
464287200	IVV	ISHARES TR	$3.9M	0.31%	5,672	Common	SOLE
92189F528	SMB	VANECK ETF TRUST	$3.9M	0.31%	221,906	Common	SOLE
808524805	SCHF	SCHWAB STRATEGIC TR	$3.8M	0.31%	157,034	Common	SOLE
863667101	SYK	STRYKER CORPORATION	$3.8M	0.30%	10,712	Common	SOLE
808524201	SCHX	SCHWAB STRATEGIC TR	$3.6M	0.29%	132,261	Common	SOLE
931142103	WMT	WALMART INC	$3.5M	0.28%	31,504	Common	SOLE
35243J101	FBRT	FRANKLIN BSP RLTY TR INC	$3.5M	0.28%	344,859	Common	SOLE
48251K100	KREF	KKR REAL ESTATE FIN TR INC	$3.4M	0.28%	418,225	Common	SOLE
808524300	SCHG	SCHWAB STRATEGIC TR	$3.4M	0.27%	103,763	Common	SOLE
502431109	LHX	L3HARRIS TECHNOLOGIES INC	$3.4M	0.27%	11,467	Common	SOLE
369550108	GD	GENERAL DYNAMICS CORP	$3.3M	0.26%	9,681	Common	SOLE
254687106	DIS	DISNEY WALT CO	$3.2M	0.26%	28,431	Common	SOLE
464287721	IYW	ISHARES TR	$3.1M	0.25%	15,708	Common	SOLE
907818108	UNP	UNION PAC CORP	$3.1M	0.25%	13,522	Common	SOLE
464287473	IWS	ISHARES TR	$3.1M	0.25%	21,894	Common	SOLE
22160K105	COST	COSTCO WHSL CORP NEW	$3.1M	0.25%	3,564	Common	SOLE
084670702	BRK/B	BERKSHIRE HATHAWAY INC DEL	$3.0M	0.24%	5,966	Common	SOLE
92532F100	VRTX	VERTEX PHARMACEUTICALS INC	$2.9M	0.24%	6,487	Common	SOLE
053332102	AZO	AUTOZONE INC	$2.9M	0.24%	857	Common	SOLE
47233W109	JEF	JEFFERIES FINL GROUP INC	$2.9M	0.23%	46,671	Common	SOLE
478160104	JNJ	JOHNSON & JOHNSON	$2.8M	0.23%	13,544	Common	SOLE
464287523	SOXX	ISHARES TR	$2.8M	0.22%	9,214	Common	SOLE
858568108	SCM	STELLUS CAP INVT CORP	$2.7M	0.22%	214,438	Common	SOLE
879360105	TDY	TELEDYNE TECHNOLOGIES INC	$2.7M	0.22%	5,221	Common	SOLE
33739Q200	LMBS	FIRST TR EXCHANGE-TRADED FD	$2.6M	0.21%	52,257	Common	SOLE
872540109	TJX	TJX COS INC NEW	$2.5M	0.20%	16,115	Common	SOLE
833034101	SNA	SNAP ON INC	$2.4M	0.20%	6,990	Common	SOLE
824348106	SHW	SHERWIN WILLIAMS CO	$2.3M	0.19%	7,200	Common	SOLE
00724F101	ADBE	ADOBE INC	$2.3M	0.19%	6,596	Common	SOLE
90353T100	UBER	UBER TECHNOLOGIES INC	$2.3M	0.19%	28,146	Common	SOLE
443510607	HUBB	HUBBELL INC	$2.3M	0.18%	5,104	Common	SOLE
97717X594	IHDG	WISDOMTREE TR	$2.1M	0.17%	44,144	Common	SOLE
892356106	TSCO	TRACTOR SUPPLY CO	$2.1M	0.17%	41,738	Common	SOLE
46137V258	RPV	INVESCO EXCHANGE TRADED FD T	$1.8M	0.15%	17,727	Common	SOLE
571903202	MAR	MARRIOTT INTL INC NEW	$1.7M	0.14%	5,557	Common	SOLE
828174102	LIEN	CHICAGO ATLANTIC BDC INC	$1.7M	0.14%	166,274	Common	SOLE
464287507	IJH	ISHARES TR	$1.7M	0.14%	25,522	Common	SOLE
33734X846	CIBR	FIRST TR EXCHANGE TRADED FD	$1.6M	0.13%	22,621	Common	SOLE
33739Q408	FTSM	FIRST TR EXCHANGE-TRADED FD	$1.6M	0.13%	26,670	Common	SOLE
253868103	DLR	DIGITAL RLTY TR INC	$1.6M	0.13%	10,320	Common	SOLE
219948106	CPAY	CORPAY INC	$1.5M	0.12%	5,059	Common	SOLE
084670108	BRK/A	BERKSHIRE HATHAWAY INC DEL	$1.5M	0.12%	2	Common	SOLE
12504L109	CBRE	CBRE GROUP INC	$1.4M	0.12%	9,016	Common	SOLE
97717X578	XSOE	WISDOMTREE TR	$1.4M	0.12%	37,123	Common	SOLE
368736104	GNRC	GENERAC HLDGS INC	$1.4M	0.12%	10,604	Common	SOLE
922908611	VBR	VANGUARD INDEX FDS	$1.3M	0.11%	6,250	Common	SOLE
808524409	SCHV	SCHWAB STRATEGIC TR	$1.3M	0.11%	44,115	Common	SOLE
464287465	EFA	ISHARES TR	$1.3M	0.10%	13,261	Common	SOLE
19761L607	MUST	COLUMBIA ETF TR I	$1.3M	0.10%	61,477	Common	SOLE
47103U845	JAAA	JANUS DETROIT STR TR	$1.3M	0.10%	25,016	Common	SOLE
G29183103	ETN	EATON CORP PLC	$1.2M	0.10%	3,778	Common	SOLE
46090E103	QQQ	INVESCO QQQ TR	$1.2M	0.09%	1,900	Common	SOLE
808524508	SCHM	SCHWAB STRATEGIC TR	$1.1M	0.09%	37,961	Common	SOLE
464287689	IWV	ISHARES TR	$1.1M	0.09%	2,936	Common	SOLE
315948109	FBTC	FIDELITY WISE ORIGIN BITCOIN	$1.1M	0.09%	14,315	Common	SOLE
573874104	MRVL	MARVELL TECHNOLOGY INC	$998,005	0.08%	11,744	Common	SOLE
921946406	VYM	VANGUARD WHITEHALL FDS	$994,447	0.08%	6,928	Common	SOLE
46137V738	PWV	INVESCO EXCHANGE TRADED FD T	$983,631	0.08%	14,787	Common	SOLE
33740F805	FIXD	FIRST TR EXCHNG TRADED FD VI	$978,630	0.08%	22,081	Common	SOLE
46435U853	USHY	ISHARES TR	$892,819	0.07%	23,875	Common	SOLE
64125C109	NBIX	NEUROCRINE BIOSCIENCES INC	$892,678	0.07%	6,294	Common	SOLE
81369Y209	XLV	SELECT SECTOR SPDR TR	$873,691	0.07%	5,644	Common	SOLE
88160R101	TSLA	TESLA INC	$831,982	0.07%	1,850	Common	SOLE
92204A108	VCR	VANGUARD WORLD FD	$758,296	0.06%	1,925	Common	SOLE
25434V401	DFUS	DIMENSIONAL ETF TRUST	$748,598	0.06%	10,093	Common	SOLE
46120E602	ISRG	INTUITIVE SURGICAL INC	$747,034	0.06%	1,319	Common	SOLE
46641Q837	JPST	J P MORGAN EXCHANGE TRADED F	$745,108	0.06%	14,728	Common	SOLE
389930207	BTC	GRAYSCALE BITCOIN MINI TR ET	$741,796	0.06%	19,153	Common	SOLE
81369Y704	XLI	SELECT SECTOR SPDR TR	$734,493	0.06%	4,735	Common	SOLE
67066G104	NVDA	NVIDIA CORPORATION	$721,959	0.06%	3,871	Common	SOLE
922908769	VTI	VANGUARD INDEX FDS	$661,579	0.05%	1,973	Common	SOLE
92206C870	VCIT	VANGUARD SCOTTSDALE FDS	$644,785	0.05%	7,698	Common	SOLE
78464A821	MDYG	SPDR SERIES TRUST	$635,918	0.05%	6,880	Common	SOLE
81369Y605	XLF	SELECT SECTOR SPDR TR	$606,965	0.05%	11,082	Common	SOLE
808524607	SCHA	SCHWAB STRATEGIC TR	$580,678	0.05%	20,388	Common	SOLE
L8681T102	SPOT	SPOTIFY TECHNOLOGY S A	$574,909	0.05%	990	Common	SOLE
921908844	VIG	VANGUARD SPECIALIZED FUNDS	$572,966	0.05%	2,607	Common	SOLE
46090A887	GSY	INVESCO ACTIVELY MANAGED EXC	$559,035	0.05%	11,125	Common	SOLE
464287309	IVW	ISHARES TR	$535,770	0.04%	4,346	Common	SOLE
92204A884	VOX	VANGUARD WORLD FD	$485,430	0.04%	2,507	Common	SOLE
38964R203	ETH	GRAYSCALE ETHEREUM MINI TR E	$459,342	0.04%	16,370	Common	SOLE
33738R704	AIRR	FIRST TR EXCHANGE TRADED FD	$434,538	0.04%	4,419	Common	SOLE
92707Y108	VFF	VILLAGE FARMS INTL INC	$420,279	0.03%	115,145	Common	SOLE
92189H409	HYD	VANECK ETF TRUST	$398,634	0.03%	7,798	Common	SOLE
46137V266	RPG	INVESCO EXCHANGE TRADED FD T	$393,564	0.03%	8,432	Common	SOLE
46434V878	ICSH	ISHARES TR	$378,900	0.03%	7,491	Common	SOLE
922907746	VTEB	VANGUARD MUN BD FDS	$376,391	0.03%	7,484	Common	SOLE
02072L565	BOXX	EA SERIES TRUST	$376,085	0.03%	3,267	Common	SOLE
78464A839	MDYV	SPDR SERIES TRUST	$375,084	0.03%	4,431	Common	SOLE
78464A409	SPYG	SPDR SERIES TRUST	$374,840	0.03%	3,513	Common	SOLE
69344A107	PULS	PGIM ETF TR	$372,027	0.03%	7,502	Common	SOLE
33735B108	FNX	FIRST TR EXCHANGE-TRADED ALP	$365,833	0.03%	2,904	Common	SOLE
92189H789	DGIN	VANECK ETF TRUST	$324,238	0.03%	7,918	Common	SOLE
92203J407	BNDX	VANGUARD CHARLOTTE FDS	$320,696	0.03%	6,636	Common	SOLE
060505104	BAC	BANK AMERICA CORP	$320,485	0.03%	5,827	Common	SOLE
808524755	FNDF	SCHWAB STRATEGIC TR	$316,362	0.03%	6,997	Common	SOLE
78463V107	GLD	SPDR GOLD TR	$305,159	0.02%	770	Common	SOLE
78468R663	BIL	SPDR SERIES TRUST	$281,907	0.02%	3,085	Common	SOLE
464287606	IJK	ISHARES TR	$281,727	0.02%	2,908	Common	SOLE
78464A763	SDY	SPDR SERIES TRUST	$252,575	0.02%	1,815	Common	SOLE
921946885	VWOB	VANGUARD WHITEHALL FDS	$249,344	0.02%	3,697	Common	SOLE
92189F676	SMH	VANECK ETF TRUST	$248,130	0.02%	689	Common	SOLE
81369Y100	XLB	SELECT SECTOR SPDR TR	$234,323	0.02%	5,167	Common	SOLE
33739N108	FMB	FIRST TR EXCH TRADED FD III	$219,113	0.02%	4,285	Common	SOLE
464287655	IWM	ISHARES TR	$207,267	0.02%	842	Common	SOLE
81369Y506	XLE	SELECT SECTOR SPDR TR	$205,174	0.02%	4,589	Common	SOLE
808524771	FNDX	SCHWAB STRATEGIC TR	$201,118	0.02%	7,391	Common	SOLE
G4375F108	HYAC	HAYMAKER ACQUISITION CORP IV	$170,074	0.01%	14,945	Common	SOLE
G53426121	LAFAU	LAFAYETTE ACQUISITION CORP	$152,805	0.01%	15,250	Common	SOLE
G20315100	ALF	CENTURION ACQUISITION CORP	$147,140	0.01%	13,816	Common	SOLE
G5501C109	CUB	LIONHEART HOLDINGS	$142,018	0.01%	13,360	Common	SOLE
G3R25N108	LATA	GALATA ACQUISITION CORP II	$139,753	0.01%	14,088	Common	SOLE
647551100	NMFC	NEW MTN FIN CORP	$129,931	0.01%	14,107	Common	SOLE
G4035N103	GPAT	GP-ACT III ACQUISITION CORP	$113,656	0.01%	10,632	Common	SOLE
G5S86M100	LPAA	LAUNCH ONE ACQUISITION CORP	$108,653	0.01%	10,260	Common	SOLE
G4405D115	HVIIR	HENNESSY CAP INVT CORP VII	$3,808	0.00%	13,650	Common	SOLE
44934N116	IBACR	IB ACQUISITION CORP	$1,700	0.00%	21,686	Common	SOLE

Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.