Q3 2025 · 13F-HR
AVALON CAPITAL MANAGEMENTholdings as filed
Filed 2025-10-22 · accession 0001172661-25-004386
$408.0M
Reported value
133
Positions
2025-09-30
Period end
The Brief · AVALON CAPITAL MANAGEMENT · Q3 2025
AI · grounded in 13F
AVALON CAPITAL MANAGEMENT established a new position in GOOGL valued at $35.8M. The fund also initiated new stakes in GDX for $32.3M and BWZ for $23.5M. Additional new positions include GOOG at $18.1M, GLD at $15.8M, and AAPL at $13.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K305 | GOOGL | ALPHABET INC | $35.8M | 8.77% | 147,269 | Common | NONE |
| 92189F106 | GDX | VANECK ETF TRUST | $32.3M | 7.92% | 422,938 | Common | NONE |
| 78464A334 | BWZ | SPDR SERIES TRUST | $23.5M | 5.75% | 843,388 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $18.1M | 4.43% | 74,266 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $15.8M | 3.87% | 44,372 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $13.9M | 3.40% | 54,426 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $13.6M | 3.33% | 61,833 | Common | NONE |
| 92189F676 | SMH | VANECK ETF TRUST | $13.5M | 3.30% | 41,259 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $11.0M | 2.70% | 160,793 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $9.9M | 2.42% | 19,055 | Common | NONE |
| 464287515 | IGV | ISHARES TR | $9.8M | 2.41% | 85,450 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $9.5M | 2.32% | 18,836 | Common | NONE |
| 464287390 | ILF | ISHARES TR | $9.4M | 2.30% | 324,993 | Common | NONE |
| 381430230 | GSST | GOLDMAN SACHS ETF TR | $9.3M | 2.29% | 184,039 | Common | NONE |
| 464287440 | IEF | ISHARES TR | $9.0M | 2.21% | 93,437 | Common | NONE |
| 37954Y871 | URA | GLOBAL X FDS | $8.9M | 2.17% | 186,144 | Common | NONE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $8.1M | 1.98% | 92,620 | Common | NONE |
| 92189K105 | HODL | VANECK BITCOIN ETF | $8.1M | 1.97% | 248,731 | Common | NONE |
| 33733E302 | FDN | FIRST TR EXCHANGE-TRADED FD | $7.6M | 1.85% | 27,025 | Common | NONE |
| 29287L205 | PWRD | TCW ETF TRUST | $6.9M | 1.68% | 70,123 | Common | NONE |
| 46434G103 | IEMG | ISHARES INC | $6.5M | 1.60% | 98,821 | Common | NONE |
| 92189H805 | REMX | VANECK ETF TRUST | $5.9M | 1.45% | 89,809 | Common | NONE |
| 29287L601 | GRW | TCW ETF TRUST | $4.8M | 1.17% | 149,447 | Common | NONE |
| 032108409 | DIVO | AMPLIFY ETF TR | $4.2M | 1.02% | 93,706 | Common | NONE |
| 37960A198 | KROP | GLOBAL X FDS | $4.2M | 1.02% | 131,910 | Common | NONE |
| 46137V142 | PHO | INVESCO EXCHANGE TRADED FD T | $4.1M | 1.00% | 56,806 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $4.0M | 0.98% | 5,219 | Common | NONE |
| 464288679 | SHV | ISHARES TR | $3.9M | 0.97% | 35,668 | Common | NONE |
| 92189F643 | MOAT | VANECK ETF TRUST | $3.7M | 0.91% | 37,260 | Common | NONE |
| 464285204 | IAU | ISHARES GOLD TR | $3.6M | 0.88% | 49,336 | Common | NONE |
| 84858T772 | EUAD | SPINNAKER ETF SERIES | $3.0M | 0.74% | 64,619 | Common | NONE |
| 92189F130 | RAAX | VANECK ETF TRUST | $2.9M | 0.71% | 84,147 | Common | NONE |
| 922020805 | VTIP | VANGUARD MALVERN FDS | $2.9M | 0.71% | 56,866 | Common | NONE |
| 38149W622 | GPIX | GOLDMAN SACHS ETF TR | $2.9M | 0.70% | 55,056 | Common | NONE |
| 46432F339 | QUAL | ISHARES TR | $2.9M | 0.70% | 14,760 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $2.7M | 0.67% | 14,687 | Common | NONE |
| 381430529 | GBIL | GOLDMAN SACHS ETF TR | $2.6M | 0.64% | 26,218 | Common | NONE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $2.5M | 0.62% | 14,981 | Common | NONE |
| 464286582 | SCJ | ISHARES INC | $2.5M | 0.61% | 27,030 | Common | NONE |
| 37954Y236 | DTCR | GLOBAL X FDS | $2.4M | 0.59% | 117,104 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $2.2M | 0.55% | 7,920 | Common | NONE |
| 464289883 | AOK | ISHARES TR | $2.1M | 0.51% | 51,559 | Common | NONE |
| 92826C839 | V | VISA INC | $2.0M | 0.49% | 5,842 | Common | NONE |
| 46428Q109 | SLV | ISHARES SILVER TR | $2.0M | 0.49% | 46,743 | Common | NONE |
| 97717X669 | DGRW | WISDOMTREE TR | $1.9M | 0.46% | 21,320 | Common | NONE |
| 56167R606 | LCR | MANAGED PORTFOLIO SERIES | $1.9M | 0.45% | 48,798 | Common | NONE |
| 922040845 | VBIL | VANGUARD INSTL INDEX FD | $1.8M | 0.44% | 23,757 | Common | NONE |
| 46138R108 | FXF | INVESCO CURRENCYSHARES SWISS | $1.7M | 0.42% | 15,491 | Common | NONE |
| 422806109 | HEI | HEICO CORP NEW | $1.7M | 0.41% | 5,217 | Common | NONE |
| 464287176 | TIP | ISHARES TR | $1.6M | 0.39% | 14,414 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.5M | 0.36% | 2,458 | Common | NONE |
| 464288281 | EMB | ISHARES TR | $1.5M | 0.36% | 15,268 | Common | NONE |
| 36828A101 | GEV | GE VERNOVA INC | $1.4M | 0.35% | 2,314 | Common | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $1.3M | 0.31% | 8,677 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $1.2M | 0.30% | 1,643 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $1.2M | 0.28% | 1,247 | Common | NONE |
| 464286327 | SLVP | ISHARES INC | $1.1M | 0.27% | 40,770 | Common | NONE |
| 90384S303 | ULTA | ULTA BEAUTY INC | $1.1M | 0.27% | 2,024 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $1.0M | 0.25% | 1,548 | Common | NONE |
| 29273V100 | ET | ENERGY TRANSFER L P | $1.0M | 0.25% | 60,000 | Common | NONE |
| 46429B671 | MCHI | ISHARES TR | $966,678 | 0.24% | 14,680 | Common | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $940,375 | 0.23% | 5,155 | Common | NONE |
| 09260D107 | BX | BLACKSTONE INC | $908,922 | 0.22% | 5,320 | Common | NONE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $896,254 | 0.22% | 680 | Common | NONE |
| 78464A631 | XAR | SPDR SERIES TRUST | $874,286 | 0.21% | 3,721 | Common | NONE |
| 78464A516 | BWX | SPDR SERIES TRUST | $855,048 | 0.21% | 37,176 | Common | NONE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $847,665 | 0.21% | 31,050 | Common | NONE |
| 37954Y848 | SIL | GLOBAL X FDS | $842,440 | 0.21% | 11,761 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $755,320 | 0.19% | 630 | Common | NONE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $727,550 | 0.18% | 2,605 | Common | NONE |
| 760759100 | RSG | REPUBLIC SVCS INC | $724,698 | 0.18% | 3,158 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $642,397 | 0.16% | 1,934 | Common | NONE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $635,582 | 0.16% | 4,121 | Common | NONE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $600,644 | 0.15% | 2,131 | Common | NONE |
| 55336V100 | MPLX | MPLX LP | $581,168 | 0.14% | 11,635 | Common | NONE |
| 06849F108 | B | BARRICK MNG CORP | $576,752 | 0.14% | 17,600 | Common | NONE |
| 25434V781 | DISV | DIMENSIONAL ETF TRUST | $570,683 | 0.14% | 15,990 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $548,658 | 0.13% | 2,959 | Common | NONE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $537,538 | 0.13% | 5,630 | Common | NONE |
| 464286822 | EWW | ISHARES INC | $516,213 | 0.13% | 7,568 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $500,587 | 0.12% | 1,587 | Common | NONE |
| 136385101 | CNQ | CANADIAN NAT RES LTD | $498,480 | 0.12% | 15,597 | Common | NONE |
| 422704106 | HL | HECLA MNG CO | $471,924 | 0.12% | 39,002 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $465,725 | 0.11% | 761 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $455,444 | 0.11% | 610 | Common | NONE |
| 063671101 | BMO | BANK MONTREAL QUE | $446,106 | 0.11% | 3,425 | Common | NONE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $444,777 | 0.11% | 2,207 | Common | NONE |
| 22266T109 | CPNG | COUPANG INC | $440,238 | 0.11% | 13,672 | Common | NONE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $425,104 | 0.10% | 3,801 | Common | NONE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $424,650 | 0.10% | 15,000 | Common | NONE |
| G0403H108 | AON | AON PLC | $399,370 | 0.10% | 1,120 | Common | NONE |
| 92204A306 | VDE | VANGUARD WORLD FD | $351,527 | 0.09% | 2,793 | Common | NONE |
| 00774Q148 | DMCY | ADVISORS INNER CIRCLE FD III | $347,822 | 0.09% | 11,606 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $345,416 | 0.08% | 1,047 | Common | NONE |
| 78409V104 | SPGI | S&P GLOBAL INC | $342,644 | 0.08% | 704 | Common | NONE |
| 922040852 | VGUS | VANGUARD INSTL INDEX FD | $339,865 | 0.08% | 4,492 | Common | NONE |
| 92206C714 | VONV | VANGUARD SCOTTSDALE FDS | $337,908 | 0.08% | 3,781 | Common | NONE |
| 74834L100 | DGX | QUEST DIAGNOSTICS INC | $336,945 | 0.08% | 1,768 | Common | NONE |
| 235851102 | DHR | DANAHER CORPORATION | $331,689 | 0.08% | 1,673 | Common | NONE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $329,341 | 0.08% | 579 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $326,264 | 0.08% | 2,101 | Common | NONE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $313,000 | 0.08% | 25,000 | Common | NONE |
| 45782C276 | NJUL | INNOVATOR ETFS TRUST | $305,331 | 0.07% | 4,294 | Common | NONE |
| 88339J105 | TTD | THE TRADE DESK INC | $302,294 | 0.07% | 6,168 | Common | NONE |
| 009158106 | APD | AIR PRODS & CHEMS INC | $301,474 | 0.07% | 1,105 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $299,761 | 0.07% | 1,951 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $296,724 | 0.07% | 1,615 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $296,048 | 0.07% | 2,108 | Common | NONE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $283,345 | 0.07% | 611 | Common | NONE |
| 055622104 | BP | BP PLC | $282,675 | 0.07% | 8,203 | Common | NONE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $281,986 | 0.07% | 2,001 | Common | NONE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $279,456 | 0.07% | 3,128 | Common | NONE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $272,044 | 0.07% | 5,050 | Common | NONE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $271,110 | 0.07% | 7,000 | Common | NONE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $265,308 | 0.07% | 1,439 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $253,948 | 0.06% | 3,364 | Common | NONE |
| 674599105 | OXY | OCCIDENTAL PETE CORP | $249,905 | 0.06% | 5,289 | Common | NONE |
| 512807306 | LRCX | LAM RESEARCH CORP | $249,188 | 0.06% | 1,861 | Common | NONE |
| 811916105 | SA | SEABRIDGE GOLD INC | $248,745 | 0.06% | 10,300 | Common | NONE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $244,135 | 0.06% | 4,506 | Common | NONE |
| 14316J108 | CG | CARLYLE GROUP INC | $238,574 | 0.06% | 3,805 | Common | NONE |
| 46429B598 | INDA | ISHARES TR | $236,092 | 0.06% | 4,535 | Common | NONE |
| 92189F601 | NLR | VANECK ETF TRUST | $230,605 | 0.06% | 1,700 | Common | NONE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $230,170 | 0.06% | 2,746 | Common | NONE |
| 81369Y407 | XLY | SELECT SECTOR SPDR TR | $230,054 | 0.06% | 960 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $227,544 | 0.06% | 608 | Common | NONE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $223,772 | 0.05% | 1,108 | Common | NONE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $219,240 | 0.05% | 5,590 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $216,222 | 0.05% | 1,002 | Common | NONE |
| 233051879 | ASHR | DBX ETF TR | $214,370 | 0.05% | 6,500 | Common | NONE |
| 46429B267 | GOVT | ISHARES TR | $211,340 | 0.05% | 9,141 | Common | NONE |
| 63900P608 | NRP | NATURAL RESOURCE PARTNERS L | $210,000 | 0.05% | 2,000 | Common | NONE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $206,809 | 0.05% | 921 | Common | NONE |
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.