Q2 2025 · 13F-HR
1248 Management, LLCholdings as filed
Filed 2025-08-18 · accession 0001580642-25-005196
$270.8M
Reported value
168
Positions
2025-06-30
Period end
The Brief · 1248 Management, LLC · Q2 2025
AI · grounded in 13F
1248 Management, LLC established a new position in PSBD valued at $42.5M. The fund also initiated new stakes in AMZN for $18.7M and GOOGL for $16.8M. Additional new positions include MSFT at $16.4M and JPM at $12.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 69702V107 | PSBD | PALMER SQUARE CAPITAL BDC IN | $42.5M | 15.7% | 2,954,713 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $18.7M | 6.92% | 85,407 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $16.8M | 6.21% | 95,478 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $16.4M | 6.04% | 32,873 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $12.8M | 4.73% | 44,179 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $10.6M | 3.90% | 17,033 | Common | SOLE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $10.5M | 3.89% | 71,395 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $10.0M | 3.68% | 48,545 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $8.6M | 3.16% | 93,729 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $8.3M | 3.07% | 52,538 | Common | SOLE |
| 70451A104 | PAYS | PAYSIGN INC | $6.6M | 2.45% | 920,000 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $6.6M | 2.44% | 30,198 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $6.0M | 2.20% | 18,754 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $5.3M | 1.95% | 100,604 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $5.2M | 1.93% | 9,485 | Common | SOLE |
| 78468R853 | SPSM | SPDR SERIES TRUST | $4.8M | 1.77% | 112,677 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.8M | 1.02% | 3,729 | Common | SOLE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $2.7M | 1.01% | 14,685 | Common | SOLE |
| 92189F676 | SMH | VANECK ETF TRUST | $2.7M | 1.00% | 9,715 | Common | SOLE |
| 464287804 | IJR | ISHARES TR | $2.5M | 0.93% | 23,128 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $2.3M | 0.84% | 15,795 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $2.2M | 0.81% | 37,078 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $2.2M | 0.80% | 15,300 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $1.8M | 0.67% | 1,771 | Common | SOLE |
| 92826C839 | V | VISA INC | $1.8M | 0.67% | 5,081 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.7M | 0.64% | 6,239 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $1.6M | 0.60% | 8,200 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $1.5M | 0.56% | 1,954 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $1.4M | 0.52% | 5,110 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $1.4M | 0.51% | 6,810 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $1.4M | 0.50% | 234 | Common | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $1.4M | 0.50% | 1,795 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $1.3M | 0.49% | 356 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $1.3M | 0.48% | 13,895 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $1.3M | 0.47% | 1,435 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $1.3M | 0.47% | 1,813 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $1.3M | 0.47% | 1,221 | Common | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $1.3M | 0.47% | 16,200 | Common | SOLE |
| 872590104 | TMUS | T-MOBILE US INC | $1.3M | 0.47% | 5,295 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $1.3M | 0.46% | 2,444 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $1.2M | 0.46% | 2,331 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $1.2M | 0.45% | 23,135 | Common | SOLE |
| 595017104 | MCHP | MICROCHIP TECHNOLOGY INC. | $1.2M | 0.44% | 17,100 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $1.1M | 0.42% | 6,067 | Common | SOLE |
| 929160109 | VMC | VULCAN MATLS CO | $1.1M | 0.41% | 4,274 | Common | SOLE |
| 874054109 | TTWO | TAKE-TWO INTERACTIVE SOFTWAR | $1.1M | 0.41% | 4,579 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $1.1M | 0.41% | 8,092 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $1.1M | 0.40% | 1,082 | Common | SOLE |
| 040413205 | ANET | ARISTA NETWORKS INC | $1.1M | 0.39% | 10,438 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $1.1M | 0.39% | 4,131 | Common | SOLE |
| 05722G100 | BKR | BAKER HUGHES COMPANY | $1.1M | 0.39% | 27,746 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $1.1M | 0.39% | 4,600 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $981,248 | 0.36% | 3,219 | Common | SOLE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $972,456 | 0.36% | 9,634 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $971,636 | 0.36% | 4,444 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $942,454 | 0.35% | 2,640 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $930,052 | 0.34% | 4,981 | Common | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $913,403 | 0.34% | 8,376 | Common | SOLE |
| 501044101 | KR | KROGER CO | $903,152 | 0.33% | 12,591 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $882,683 | 0.33% | 1,674 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $852,945 | 0.31% | 6,907 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $839,704 | 0.31% | 12,096 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $824,800 | 0.30% | 5,177 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $824,411 | 0.30% | 10,309 | Common | SOLE |
| 98419M100 | XYL | XYLEM INC | $810,828 | 0.30% | 6,268 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $804,722 | 0.30% | 3,627 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $799,134 | 0.30% | 1,795 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $794,421 | 0.29% | 12,600 | Common | SOLE |
| 256677105 | DG | DOLLAR GEN CORP NEW | $771,379 | 0.28% | 6,744 | Common | SOLE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $768,861 | 0.28% | 5,527 | Common | SOLE |
| 609207105 | MDLZ | MONDELEZ INTL INC | $624,161 | 0.23% | 9,191 | Common | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $591,625 | 0.22% | 13,794 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $590,386 | 0.22% | 2,485 | Common | SOLE |
| 718546104 | PSX | PHILLIPS 66 | $482,688 | 0.18% | 4,046 | Common | SOLE |
| 80105N105 | SNY | SANOFI | $451,409 | 0.17% | 9,344 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $395,619 | 0.15% | 1,948 | Common | SOLE |
| 88636J253 | — | TIDAL TR II | $368,568 | 0.14% | 9,132 | Common | SOLE |
| 76954A103 | RIVN | RIVIAN AUTOMOTIVE INC | $359,645 | 0.13% | 26,175 | Common | SOLE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $354,989 | 0.13% | 697 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $352,941 | 0.13% | 3,947 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $290,309 | 0.11% | 2,969 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $289,399 | 0.11% | 515 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $287,446 | 0.11% | 784 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $267,483 | 0.10% | 958 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $243,130 | 0.09% | 789 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $241,888 | 0.09% | 553 | Common | SOLE |
| 74624M102 | P | PURE STORAGE INC | $220,071 | 0.08% | 3,822 | Common | SOLE |
| 25459Y694 | FAS | DIREXION SHS ETF TR | $219,824 | 0.08% | 1,300 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $215,283 | 0.08% | 543 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $212,539 | 0.08% | 453 | Common | SOLE |
| 525327102 | LDOS | LEIDOS HOLDINGS INC | $197,200 | 0.07% | 1,250 | Common | SOLE |
| 74347X831 | TQQQ | PROSHARES TR | $191,402 | 0.07% | 2,300 | Common | SOLE |
| 00766T100 | ACM | AECOM | $186,106 | 0.07% | 1,649 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $157,981 | 0.06% | 592 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $110,024 | 0.04% | 150 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $100,433 | 0.04% | 713 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $99,583 | 0.04% | 205 | Common | SOLE |
| 25459W847 | TNA | DIREXION SHS ETF TR | $97,700 | 0.04% | 2,900 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $89,408 | 0.03% | 273 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $83,026 | 0.03% | 62 | Common | SOLE |
| 30212P303 | EXPE | EXPEDIA GROUP INC | $80,966 | 0.03% | 480 | Common | SOLE |
| 74347Y813 | KOLD | PROSHARES TR II | $76,830 | 0.03% | 3,000 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $73,353 | 0.03% | 2,495 | Common | SOLE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $69,266 | 0.03% | 587 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $60,227 | 0.02% | 265 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $60,002 | 0.02% | 289 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $59,027 | 0.02% | 433 | Common | SOLE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $57,442 | 0.02% | 183 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTL INC | $54,261 | 0.02% | 233 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $52,852 | 0.02% | 346 | Common | SOLE |
| 00206R102 | T | AT&T INC | $50,877 | 0.02% | 1,758 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $49,226 | 0.02% | 444 | Common | SOLE |
| 311900104 | FAST | FASTENAL CO | $49,140 | 0.02% | 1,170 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $48,964 | 0.02% | 284 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $45,599 | 0.02% | 423 | Common | SOLE |
| 871829107 | SYY | SYSCO CORP | $45,368 | 0.02% | 599 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $44,960 | 0.02% | 543 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $44,560 | 0.02% | 82 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $44,469 | 0.02% | 449 | Common | SOLE |
| H1467J104 | CB | CHUBB LIMITED | $39,825 | 0.01% | 137 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $39,138 | 0.01% | 142 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $38,609 | 0.01% | 150 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $38,347 | 0.01% | 116 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $37,164 | 0.01% | 346 | Common | SOLE |
| 512816109 | LAMR | LAMAR ADVERTISING CO NEW | $36,772 | 0.01% | 303 | Common | SOLE |
| 452308109 | ITW | ILLINOIS TOOL WKS INC | $36,318 | 0.01% | 146 | Common | SOLE |
| 64110D104 | NTAP | NETAPP INC | $36,227 | 0.01% | 340 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $35,899 | 0.01% | 240 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $35,645 | 0.01% | 122 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $34,932 | 0.01% | 436 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $34,198 | 0.01% | 259 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $33,272 | 0.01% | 86 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $32,750 | 0.01% | 210 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $32,620 | 0.01% | 356 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $31,693 | 0.01% | 199 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $30,457 | 0.01% | 87 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $29,906 | 0.01% | 632 | Common | SOLE |
| 72346Q104 | — | PINNACLE FINL PARTNERS INC | $29,811 | 0.01% | 270 | Common | SOLE |
| 854502101 | SWK | STANLEY BLACK & DECKER INC | $28,929 | 0.01% | 427 | Common | SOLE |
| 25459W102 | TECL | DIREXION SHS ETF TR | $28,134 | 0.01% | 300 | Common | SOLE |
| G3265R107 | APTV | APTIV PLC | $27,220 | 0.01% | 399 | Common | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $26,763 | 0.01% | 522 | Common | SOLE |
| 971378104 | WSC | WILLSCOT HLDGS CORP | $26,167 | 0.01% | 955 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $25,297 | 0.01% | 355 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $23,627 | 0.01% | 662 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $22,274 | 0.01% | 193 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $21,381 | 0.01% | 367 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $19,854 | 0.01% | 154 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $19,537 | 0.01% | 219 | Common | SOLE |
| 058498106 | BALL | BALL CORP | $19,295 | 0.01% | 344 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES N | $16,953 | 0.01% | 293 | Common | SOLE |
| 088606108 | BHP | BHP GROUP LTD | $15,389 | 0.01% | 320 | Common | SOLE |
| 25459W458 | SOXL | DIREXION SHS ETF TR | $15,107 | 0.01% | 600 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL | $14,644 | 0.01% | 64 | Common | SOLE |
| 25461A460 | YANG | DIREXION SHS ETF TR | $12,363 | 0.00% | 400 | Common | SOLE |
| 009158106 | APD | AIR PRODS & CHEMS INC | $10,154 | 0.00% | 36 | Common | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $10,037 | 0.00% | 69 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $9,864 | 0.00% | 254 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $8,525 | 0.00% | 122 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $8,261 | 0.00% | 94 | Common | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $8,199 | 0.00% | 78 | Common | SOLE |
| 744320102 | PRU | PRUDENTIAL FINL INC | $8,165 | 0.00% | 76 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $8,162 | 0.00% | 16 | Common | SOLE |
| 464288687 | PFF | ISHARES TR | $8,130 | 0.00% | 265 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $7,782 | 0.00% | 75 | Common | SOLE |
| 25400Q105 | DJT | TRUMP MEDIA & TECHNOLOGY GRO | $7,559 | 0.00% | 419 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $7,285 | 0.00% | 105 | Common | SOLE |
| 74347G192 | — | PROSHARES TR | $1,983 | 0.00% | 100 | 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.