Fund Holdings

AVALON CAPITAL MANAGEMENT

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
VANECK ETF TRUST354,781422,938+68,15718,469,87932,312,4337.92%+13,842,554
ALPHABET INC(GOOG)151,128147,269-3,85926,633,28735,801,0948.77%+9,167,807
ISHARES TR093,437+93,43709,012,9332.21%+9,012,933
VANECK ETF TRUST089,809+89,80905,911,2281.45%+5,911,228
BERKSHIRE HATHAWAY INC DEL9,12118,836+9,7154,430,4989,469,3942.32%+5,038,896
TCW ETF TRUST0149,447+149,44704,772,5901.17%+4,772,590
ALPHABET INC(GOOG)77,39774,266-3,13113,729,53618,087,3704.43%+4,357,834
GLOBAL X FDS0131,910+131,91004,157,1441.02%+4,157,144
GOLDMAN SACHS ETF TR121,239184,039+62,8006,130,3299,330,7772.29%+3,200,448
APPLE INC(AAPL)53,54954,426+87710,986,63013,858,5333.40%+2,871,903
ISHARES TR051,559+51,55902,070,6090.51%+2,070,609
SPDR GOLD TR(GLD)45,25044,372-87813,793,55815,772,9153.87%+1,979,357
VANECK ETF TRUST41,58841,259-32911,598,06113,465,2873.30%+1,867,226
GLOBAL X FDS186,794186,144-6507,249,4758,873,4842.17%+1,624,009
TCW ETF TRUST58,03470,123+12,0895,232,9266,850,3791.68%+1,617,453
ISHARES INC92,39098,821+6,4315,546,1726,514,2801.60%+968,108
ISHARES TR014,680+14,6800966,6780.24%+966,678
GLOBAL X FDS011,761+11,7610842,4400.21%+842,440
AGNICO EAGLE MINES LTD(AEM)14,98114,98101,781,6902,525,1970.62%+743,507
ISHARES GOLD TR(IAU)46,11849,336+3,2182,875,9183,590,1810.88%+714,263
ISHARES TR331,765324,993-6,7728,695,5619,389,0482.30%+693,487
ISHARES INC27,50540,770+13,265489,8641,115,8750.27%+626,011
NVIDIA CORPORATION(NVDA)14,27514,687+4122,255,3072,740,3000.67%+484,993
VANECK BITCOIN ETF(HODL)249,365248,731-6347,598,1528,051,4221.97%+453,270
REPUBLIC SVCS INC(RSG)1,1103,158+2,048273,737724,6980.18%+450,961
MARSH & MCLENNAN COS INC(MRSH)02,207+2,2070444,7770.11%+444,777
ISHARES SILVER TR(SLV)47,34146,743-5981,553,2581,980,5010.49%+427,243
HEICO CORP NEW(HEI)3,8955,217+1,3221,277,6591,684,2740.41%+406,615
SELECT SECTOR SPDR TR94,17492,620-1,5547,690,2498,077,3901.98%+387,141
QUEST DIAGNOSTICS INC(DGX)01,768+1,7680336,9450.08%+336,945
VANECK ETF TRUST82,60784,147+1,5402,564,9472,899,7060.71%+334,759
INVESCO QQQ TR2,0882,458+3701,151,8241,475,7090.36%+323,885
ARISTA NETWORKS INC(ANET)9,2528,677-575946,5721,264,3260.31%+317,754
ORACLE CORP(ORCL)8,7557,920-8351,914,1062,227,4210.55%+313,315
SPDR SERIES TRUST824,784843,388+18,60423,151,68723,463,0545.75%+311,367
SELECT SECTOR SPDR TR03,128+3,1280279,4560.07%+279,456
PAN AMERN SILVER CORP(PAAS)07,000+7,0000271,1100.07%+271,110
GE VERNOVA INC(GEV)2,1772,314+1371,151,9601,422,8790.35%+270,919
OCCIDENTAL PETE CORP(OXY)05,289+5,2890249,9050.06%+249,905
LAM RESEARCH CORP(LRCX)01,861+1,8610249,1880.06%+249,188
MICROSOFT CORP(MSFT)19,36219,055-3079,630,9069,869,6152.42%+238,709
CARLYLE GROUP INC(CG)03,805+3,8050238,5740.06%+238,574
HECLA MNG CO(HL)39,00239,0020233,622471,9240.12%+238,302
AMPLIFY ETF TR92,59693,706+1,1103,939,9784,176,4981.02%+236,520
ISHARES INC26,52127,030+5092,251,3682,487,8410.61%+236,473
FIRST TR EXCHANGE-TRADED FD27,21527,025-1907,329,8167,562,6761.85%+232,860
VANECK ETF TRUST01,700+1,7000230,6050.06%+230,605
TKO GROUP HOLDINGS INC(TKO)01,108+1,1080223,7720.05%+223,772
TAIWAN SEMICONDUCTOR MFG LTD(TSM)2,2302,605+375505,073727,5500.18%+222,477
GLOBAL X FDS117,031117,104+732,181,4582,398,2900.59%+216,832
COUPANG INC(CPNG)7,46313,672+6,209223,591440,2380.11%+216,647
DBX ETF TR06,500+6,5000214,3700.05%+214,370
BARRICK MNG CORP(B)17,60017,6000366,432576,7520.14%+210,320
NATURAL RESOURCE PARTNERS L(NRP)02,000+2,0000210,0000.05%+210,000
FERGUSON ENTERPRISES INC(FERG)0921+9210206,8090.05%+206,809
SPDR S&P 500 ETF TR(SPY)1,3581,548+190838,7931,031,1920.25%+192,399
VANECK ETF TRUST37,62137,260-3613,528,4763,692,8410.91%+164,365
AON PLC(AON)6601,120+460235,462399,3700.10%+163,908
ULTA BEAUTY INC(ULTA)2,0242,0240946,8681,106,6220.27%+159,754
CANADIAN NAT RES LTD(CNQ)11,51215,597+4,085361,477498,4800.12%+137,003
GOLDMAN SACHS ETF TR55,16655,056-1102,748,3702,875,5750.70%+127,205
INVESCO EXCHANGE TRADED FD T56,96956,806-1633,982,7034,096,2811.00%+113,578
BLACKSTONE INC(BX)5,3205,3200795,766908,9220.22%+113,156
WISDOMTREE TR(WT)21,32021,32001,785,3371,896,6270.46%+111,290
SEABRIDGE GOLD INC(SA)10,30010,3000149,556248,7450.06%+99,189
JOHNSON & JOHNSON(JNJ)2,9592,9590451,987548,6580.13%+96,671
SPDR SERIES TRUST3,7213,7210784,908874,2860.21%+89,378
WHEATON PRECIOUS METALS CORP(WPM)3,8013,8010341,330425,1040.10%+83,774
SANDSTORM GOLD LTD25,00025,0000235,000313,0000.08%+78,000
MANAGED PORTFOLIO SERIES49,11148,798-3131,776,4961,853,6590.45%+77,163
BROADCOM INC(AVGO)9791,047+68269,861345,4160.08%+75,555
BANK MONTREAL QUE3,4253,4250378,908446,1060.11%+67,198
VANGUARD WORLD FD6106100404,601455,4440.11%+50,843
JPMORGAN CHASE & CO.(JPM)1,5871,5870460,087500,5870.12%+40,500
ISHARES TR15,26815,26801,414,1221,453,3610.36%+39,239
BP PLC(BP)8,2038,2030245,516282,6750.07%+37,159
DIMENSIONAL ETF TRUST16,31115,990-321536,795570,6830.14%+33,888
VANGUARD INDEX FDS768761-7435,972465,7250.11%+29,753
SELECT SECTOR SPDR TR4,1214,1210607,930635,5820.16%+27,652
CHEVRON CORP NEW(CVX)2,1012,1010300,842326,2640.08%+25,422
SCHWAB STRATEGIC TR31,05031,0500822,825847,6650.21%+24,840
SELECT SECTOR SPDR TR9609600208,637230,0540.06%+21,417
VANGUARD INTL EQUITY INDEX F4,5064,5060222,867244,1350.06%+21,268
NEXTERA ENERGY INC(NEE)3,3643,3640233,529253,9480.06%+20,419
SCHWAB CHARLES CORP(SCHW)5,6775,630-47518,010537,5380.13%+19,528
VANGUARD WORLD FD2,7932,7930332,702351,5270.09%+18,825
BWX TECHNOLOGIES INC(BWXT)1,7111,439-272246,487265,3080.07%+18,821
PEPSICO INC(PEP)2,1082,1080278,340296,0480.07%+17,708
VANGUARD WHITEHALL FDS1,9892,001+12265,120281,9860.07%+16,866
VANGUARD SCOTTSDALE FDS3,7813,7810322,179337,9080.08%+15,729
SPDR DOW JONES INDL AVERAGE(DIA)6116110269,237283,3450.07%+14,108
INNOVATOR ETFS TRUST4,2944,2940292,250305,3310.07%+13,081
ADVISORS INNER CIRCLE FD III11,82011,606-214336,458347,8220.09%+11,364
VANGUARD SPECIALIZED FUNDS1,0021,0020205,079216,2220.05%+11,143
EATON CORP PLC(ETN)6086080217,050227,5440.06%+10,494
VISA INC(V)5,5885,842+2541,984,0191,994,3420.49%+10,323
SELECT SECTOR SPDR TR5,0505,0500264,469272,0440.07%+7,575
MASTERCARD INCORPORATED(MA)5795790325,363329,3410.08%+3,978
ISHARES TR9,1249,141+17209,670211,3400.05%+1,670
DANAHER CORPORATION(DHR)1,6771,673-4331,275331,6890.08%+414
Page 1 of 2