Trust Asset Management LLC
Long book
$1.40B
Q1 2026
Positions
225
Top-10 weight
78%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsTrust Asset Management LLC is a wealth-management firm allocating client money, running a $1.40B US long book across 225 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, SS INDUSTRIAL SELECT SECTOR, NVIDIA CORP, APPLE INC, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 0pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.4%
Q2 2024
+5.8%
Q3 2024
+2.4%
Q4 2024
-4.2%
Q1 2025
+10.8%
Q2 2025
+8.1%
Q3 2025
+2.7%
Q4 2025
-4.4%
Q1 2026
+14.9%
Sector allocation
Technology 53%
Financials 15%
Healthcare 10%
Consumer discretionary 9%
Services media 6%
Industrials 5%
Communications 2%
Other 1%
Long book by quarter
What does Trust Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 272.1K | $47.5M | 3.4% | -0.1% |
| AAPL APPLE INC | Technology | 167.6K | $42.5M | 3.0% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 117.1K | $33.6M | 2.4% | 0.0% |
| MSFT MICROSOFT CORP | Technology | 82.5K | $30.6M | 2.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 104.1K | $21.7M | 1.6% | Held |
| AVGO BROADCOM INC | Technology | 51.9K | $16.1M | 1.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 24.2K | $13.8M | 1.0% | Held |
| TSLA TESLA INC | Industrials | 31.0K | $11.5M | 0.8% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 20.3K | $9.7M | 0.7% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 31.2K | $9.2M | 0.7% | 0.0% |
| LLY ELI LILLY & CO | Healthcare | 8.8K | $8.0M | 0.6% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 26.8K | $6.5M | 0.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 19.2K | $5.8M | 0.4% | Held |
| NFLX NETFLIX INC | Services media | 47.5K | $4.6M | 0.3% | Held |
| MA MASTERCARD INC - A | Services media | 9.1K | $4.6M | 0.3% | Held |
| ABBV ABBVIE INC | Healthcare | 19.6K | $4.3M | 0.3% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 12.3K | $4.2M | 0.3% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 18.0K | $3.7M | 0.3% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 11.0K | $3.6M | 0.3% | Held |
| BAC BANK OF AMERICA CORP | Financials | 74.2K | $3.6M | 0.3% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 44.3K | $3.4M | 0.2% | Held |
| MRK MERCK & CO. INC. | Healthcare | 28.1K | $3.4M | 0.2% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 23.0K | $3.4M | 0.2% | Held |
| WFC WELLS FARGO & CO | Financials | 39.5K | $3.1M | 0.2% | 0.0% |
| AMAT APPLIED MATERIALS INC | Technology | 9.2K | $3.1M | 0.2% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 14.3K | $3.1M | 0.2% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.5K | $2.9M | 0.2% | Held |
| C CITIGROUP INC | Financials | 25.5K | $2.9M | 0.2% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 10.2K | $2.8M | 0.2% | Held |
| ORCL ORACLE CORP | Technology | 17.8K | $2.6M | 0.2% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 10.3K | $2.5M | 0.2% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 8.0K | $2.5M | 0.2% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 46.7K | $2.3M | 0.2% | Held |
| T AT&T INC | Communications | 79.6K | $2.3M | 0.2% | Held |
| MS MORGAN STANLEY | Financials | 13.8K | $2.3M | 0.2% | Held |
| KLAC KLA CORP | Other | 1.5K | $2.2M | 0.2% | Held |
| INTC INTEL CORP | Technology | 47.7K | $2.1M | 0.2% | Held |
| AMGN AMGEN INC | Healthcare | 6.0K | $2.1M | 0.2% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 4.3K | $2.1M | 0.1% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 12.5K | $2.0M | 0.1% | Held |
| CRM SALESFORCE INC | Technology | 10.6K | $2.0M | 0.1% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 19.3K | $2.0M | 0.1% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 10.1K | $2.0M | 0.1% | Held |
| DIS WALT DISNEY CO/THE | Services media | 20.1K | $1.9M | 0.1% | Held |
| GILD GILEAD SCIENCES INC | Healthcare | 13.8K | $1.9M | 0.1% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 6.2K | $1.9M | 0.1% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 4.0K | $1.8M | 0.1% | Held |
| PFE PFIZER INC | Healthcare | 62.9K | $1.8M | 0.1% | Held |
| ADI ANALOG DEVICES INC | Technology | 5.5K | $1.8M | 0.1% | Held |
| APH AMPHENOL CORP-CL A | Technology | 13.4K | $1.7M | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 225 | $1.40B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 13, 2026 | 226 | $1.47B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 230 | $1.45B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 224 | $1.35B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 219 | $1.22B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 16, 2025 | 226 | $1.28B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 231 | $1.25B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 219 | $1.19B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 223 | $1.14B | canonical | SEC ↗ |