Kearns & Associates

Palos Verdes Estates, CAfiles as Kearns & Associates LLC

$214m in 41 US stocks at the end of 30 June 2026. The top 10 are 89.1% of the money. It changed about 1.7% of the portfolio this quarter.

Value

$214m

Stocks

Top 10 share

89.1%

Turnover

1.7%

What changed this quarter

New

Bought for the first time this quarter.

BroadcomAVGO
0.2% of the fund
State STR Spdr S&P Midcap 40MDY
<0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard Intl Equity Index FVWO
3.5% of the fund
+8%
Schwab Strategic TRSCHF
1.2% of the fund
+4%
Fidelity Merrimack STR TRFBND
0.8% of the fund
+96%

Cut

Sold some of their stake.

State STR Spdr S&P 500 ETF TSPY
3.1% of the fund
-3%
Johnson Controls InternationalJCI
0.2% of the fund
-9%
Wells Fargo & CompanyWFC
0.1% of the fund
-39%
Capital One FinancialCOF
0.1% of the fund
-50%

Sold out

Sold their entire stake.

Marsh & McLennan CompaniesMRSH
-100%

Holdings

Vanguard Index FDSVTI
Share
30.5%
Value
$65m
Shares
176,416
Held
Vanguard Index FDSVOO
Share
28.9%
Value
$62m
Shares
90,226
Held
Vanguard Tax-Managed FDSVEA
Share
10.9%
Value
$23m
Shares
328,694
Held
Vanguard Index FDSVB
Share
5.6%
Value
$12m
Shares
39,367
Held
Vanguard Intl Equity Index FVWO
Share
3.5%
Value
$7m
Shares
125,038
+8%
State STR Spdr S&P 500 ETF TSPY
Share
3.1%
Value
$7m
Shares
9,029
-3%
AppleAAPL
Share
2.8%
Value
$6m
Shares
20,743
Held
Royalty PharmaRPRX
Share
1.5%
Value
$3m
Shares
58,240
Held
Schwab Strategic TRSCHF
Share
1.2%
Value
$3m
Shares
93,781
+4%
Vanguard Index FDSVUG
Share
1.0%
Value
$2m
Shares
25,611
Held
AlphabetGOOGL
Share
0.8%
Value
$2m
Shares
4,800
Held
AlphabetGOOG
Share
0.8%
Value
$2m
Shares
4,800
Held
Fidelity Merrimack STR TRFBND
Share
0.8%
Value
$2m
Shares
35,785
+96%
MicrosoftMSFT
Share
0.7%
Value
$2m
Shares
4,305
Held
Ishares TRIGM
Share
0.6%
Value
$1m
Shares
8,226
Held
Innovator Etfs TrustPJUL
Share
0.6%
Value
$1m
Shares
25,755
Held
Bank of AmericaBAC
Share
0.5%
Value
$1m
Shares
19,500
Held
Amazon.comAMZN
Share
0.5%
Value
$1m
Shares
4,660
Held
VisaV
Share
0.5%
Value
$1m
Shares
3,200
Held
Goldman Sachs GroupGS
Share
0.5%
Value
$1m
Shares
1,000
Held
Schwab Strategic TRSCHE
Share
0.5%
Value
$966,289
Shares
26,649
Held
American ExpressAXP
Share
0.4%
Value
$947,100
Shares
2,800
Held
Ishares TRIJR
Share
0.4%
Value
$861,384
Shares
5,808
Held
Charles SchwabSCHW
Share
0.4%
Value
$830,430
Shares
9,000
Held
JPMorgan ChaseJPM
Share
0.3%
Value
$643,858
Shares
1,967
Held
Occidental PetroleumOXY
Share
0.3%
Value
$552,144
Shares
11,368
Held
Vanguard Index FDSVNQ
Share
0.2%
Value
$505,741
Shares
5,245
Held
Johnson Controls InternationalJCI
Share
0.2%
Value
$493,121
Shares
3,375
-9%
Thermo Fisher ScientificTMO
Share
0.2%
Value
$474,287
Shares
946
Held
Ishares TRIVV
Share
0.2%
Value
$453,013
Shares
605
Held
BroadcomAVGO
Share
0.2%
Value
$377,750
Shares
1,000
New
EquinixEQIX
Share
0.2%
Value
$352,328
Shares
338
Held
QualcommQCOM
Share
0.2%
Value
$352,025
Shares
1,905
Held
Morgan StanleyMS
Share
0.1%
Value
$313,560
Shares
1,500
Held
Wells Fargo & CompanyWFC
Share
0.1%
Value
$264,448
Shares
3,200
-39%
Spdr Gold TRGLD
Share
0.1%
Value
$252,340
Shares
685
Held
Ishares TRIWV
Share
0.1%
Value
$234,094
Shares
549
Held
StrykerSYK
Share
0.1%
Value
$226,685
Shares
720
Held
Capital One FinancialCOF
Share
0.1%
Value
$217,673
Shares
1,085
-50%
State STR Spdr S&P Midcap 40MDY
Share
<0.1%
Value
$211,002
Shares
300
New
Baker HughesBKR
Share
<0.1%
Value
$208,125
Shares
3,750
Held

Company	Share of fund	Value	Shares	Change
Vanguard Index FDSVTI	30.5%	$65m	176,416	Held
Vanguard Index FDSVOO	28.9%	$62m	90,226	Held
Vanguard Tax-Managed FDSVEA	10.9%	$23m	328,694	Held
Vanguard Index FDSVB	5.6%	$12m	39,367	Held
Vanguard Intl Equity Index FVWO	3.5%	$7m	125,038	+8%
State STR Spdr S&P 500 ETF TSPY	3.1%	$7m	9,029	-3%
AppleAAPL	2.8%	$6m	20,743	Held
Royalty PharmaRPRX	1.5%	$3m	58,240	Held
Schwab Strategic TRSCHF	1.2%	$3m	93,781	+4%
Vanguard Index FDSVUG	1.0%	$2m	25,611	Held
AlphabetGOOGL	0.8%	$2m	4,800	Held
AlphabetGOOG	0.8%	$2m	4,800	Held
Fidelity Merrimack STR TRFBND	0.8%	$2m	35,785	+96%
MicrosoftMSFT	0.7%	$2m	4,305	Held
Ishares TRIGM	0.6%	$1m	8,226	Held
Innovator Etfs TrustPJUL	0.6%	$1m	25,755	Held
Bank of AmericaBAC	0.5%	$1m	19,500	Held
Amazon.comAMZN	0.5%	$1m	4,660	Held
VisaV	0.5%	$1m	3,200	Held
Goldman Sachs GroupGS	0.5%	$1m	1,000	Held
Schwab Strategic TRSCHE	0.5%	$966,289	26,649	Held
American ExpressAXP	0.4%	$947,100	2,800	Held
Ishares TRIJR	0.4%	$861,384	5,808	Held
Charles SchwabSCHW	0.4%	$830,430	9,000	Held
JPMorgan ChaseJPM	0.3%	$643,858	1,967	Held
Occidental PetroleumOXY	0.3%	$552,144	11,368	Held
Vanguard Index FDSVNQ	0.2%	$505,741	5,245	Held
Johnson Controls InternationalJCI	0.2%	$493,121	3,375	-9%
Thermo Fisher ScientificTMO	0.2%	$474,287	946	Held
Ishares TRIVV	0.2%	$453,013	605	Held
BroadcomAVGO	0.2%	$377,750	1,000	New
EquinixEQIX	0.2%	$352,328	338	Held
QualcommQCOM	0.2%	$352,025	1,905	Held
Morgan StanleyMS	0.1%	$313,560	1,500	Held
Wells Fargo & CompanyWFC	0.1%	$264,448	3,200	-39%
Spdr Gold TRGLD	0.1%	$252,340	685	Held
Ishares TRIWV	0.1%	$234,094	549	Held
StrykerSYK	0.1%	$226,685	720	Held
Capital One FinancialCOF	0.1%	$217,673	1,085	-50%
State STR Spdr S&P Midcap 40MDY	<0.1%	$211,002	300	New
Baker HughesBKR	<0.1%	$208,125	3,750	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 22.8% since 30 June 2025.

Where the money is

Technology3.9%

Financial services3.0%

Health care1.9%

Media & telecom1.6%

Retail & consumer0.5%

Energy0.4%

Industrials0.2%

Real estate0.2%

Other88.4%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.