Lowery Thomas

PEBBLE BEACH, CAfiles as LOWERY THOMAS, LLC

$205m in 57 US stocks at the end of 30 June 2026. The top 10 are 58.0% of the money. It changed about 4.3% of the portfolio this quarter.

Value

$205m

Stocks

Top 10 share

58.0%

Turnover

4.3%

What changed this quarter

New

Bought for the first time this quarter.

Invesco Exch Traded FD TR IISPMO
0.2% of the fund
Proshares TRUYG
0.1% of the fund
Vanguard Admiral FDSVIOV
0.1% of the fund

Added

Bought more of a stock they already held.

Vanguard BD Index FDSVUSB
2.5% of the fund
+21%
Schwab Strategic TRSCHO
1.9% of the fund
+6%
Schwab Strategic TRSCHX
1.6% of the fund
+8%
Invesco Exchange Traded FD TXSMO
0.8% of the fund
+5%
Ishares TRSHV
0.7% of the fund
+7%
Global X FDSAIQ
0.4% of the fund
+3%
Schwab Strategic TRSCHD
0.2% of the fund
+5%

Cut

Sold some of their stake.

Invesco Exch Traded FD TR IIQQQM
6.4% of the fund
-3%
State STR Spdr S&P 500 ETF TSPY
4.4% of the fund
-5%
Ishares TRIWF
3.1% of the fund
-9%
Vanguard BD Index FDSBND
2.1% of the fund
-13%
Schwab Strategic TRSCHZ
1.8% of the fund
-4%
Spdr Series TrustSPYG
1.6% of the fund
-5%
State STR Spdr DOW Jones INDDIA
1.5% of the fund
-2%
AppleAAPL
1.0% of the fund
-6%
Select Sector Spdr TRXLK
0.7% of the fund
-7%
Amazon.comAMZN
0.5% of the fund
-2%
Schwab Strategic TRSCHA
0.4% of the fund
-3%
Proshares TRQLD
0.4% of the fund
-2%
TeslaTSLA
0.2% of the fund
-20%
Vanguard Index FDSVO
0.1% of the fund
-27%

Sold out

Sold their entire stake.

Pacer FDS TRCOWZ
-100%

Holdings

Schwab Strategic TRSCHG
Share
12.2%
Value
$25m
Shares
737,508
Held
Vanguard Index FDSVOO
Share
9.2%
Value
$19m
Shares
27,302
Held
Invesco Exch Traded FD TR IIQQQM
Share
6.4%
Value
$13m
Shares
43,021
-3%
Vaneck ETF TrustSMH
Share
5.7%
Value
$12m
Shares
17,895
Held
Schwab Strategic TRFNDX
Share
5.6%
Value
$11m
Shares
368,588
Held
Invesco QQQ TRQQQ
Share
4.5%
Value
$9m
Shares
12,634
Held
State STR Spdr S&P 500 ETF TSPY
Share
4.4%
Value
$9m
Shares
12,193
-5%
Schwab Strategic TRSCHV
Share
3.9%
Value
$8m
Shares
231,838
Held
Ishares TRIWF
Share
3.1%
Value
$6m
Shares
50,685
-9%
Ishares TRIWB
Share
3.0%
Value
$6m
Shares
14,833
Held
Ishares TRIWO
Share
2.6%
Value
$5m
Shares
13,472
Held
Vanguard BD Index FDSVUSB
Share
2.5%
Value
$5m
Shares
103,799
+21%
Invesco Exchange Traded FD TXMMO
Share
2.2%
Value
$5m
Shares
27,017
Held
J P Morgan Exchange Traded FJEPI
Share
2.2%
Value
$5m
Shares
80,090
Held
Vanguard BD Index FDSBND
Share
2.1%
Value
$4m
Shares
58,095
-13%
Schwab Strategic TRSCHO
Share
1.9%
Value
$4m
Shares
161,394
+6%
Vanguard Admiral FDSVIOG
Share
1.9%
Value
$4m
Shares
25,110
Held
Fidelity Merrimack STR TRFLDR
Share
1.8%
Value
$4m
Shares
74,205
Held
Schwab Strategic TRSCHZ
Share
1.8%
Value
$4m
Shares
159,791
-4%
AlphabetGOOG
Share
1.7%
Value
$3m
Shares
9,677
Held
Schwab Strategic TRSCHX
Share
1.6%
Value
$3m
Shares
109,537
+8%
Spdr Series TrustSPYG
Share
1.6%
Value
$3m
Shares
26,700
-5%
Ishares TRIWP
Share
1.5%
Value
$3m
Shares
21,378
Held
State STR Spdr DOW Jones INDDIA
Share
1.5%
Value
$3m
Shares
5,712
-2%
Vanguard Index FDSVOT
Share
1.1%
Value
$2m
Shares
7,445
Held
AppleAAPL
Share
1.0%
Value
$2m
Shares
7,226
-6%
KLAKLAC
Share
0.9%
Value
$2m
Shares
6,090
Held
Invesco Exchange Traded FD TXSVM
Share
0.9%
Value
$2m
Shares
26,088
Held
Invesco Exchange Traded FD TXSMO
Share
0.8%
Value
$2m
Shares
17,299
+5%
Select Sector Spdr TRXLK
Share
0.7%
Value
$2m
Shares
7,998
-7%
Ishares TRIWN
Share
0.7%
Value
$1m
Shares
6,666
Held
NvidiaNVDA
Share
0.7%
Value
$1m
Shares
6,896
Held
Ishares TRSHV
Share
0.7%
Value
$1m
Shares
12,428
+7%
Vanguard Admiral FDSVOOV
Share
0.6%
Value
$1m
Shares
6,043
Held
Ishares TRSHY
Share
0.6%
Value
$1m
Shares
15,377
Held
Schwab Strategic TRSCHM
Share
0.6%
Value
$1m
Shares
34,048
Held
Ishares TRIWM
Share
0.6%
Value
$1m
Shares
3,933
Held
Spdr Series TrustSPYV
Share
0.5%
Value
$993,293
Shares
16,340
Held
Amazon.comAMZN
Share
0.5%
Value
$939,060
Shares
3,940
-2%
Ishares TRIWD
Share
0.5%
Value
$933,592
Shares
3,851
Held
Global X FDSAIQ
Share
0.4%
Value
$919,631
Shares
14,017
+3%
Schwab Strategic TRSCHA
Share
0.4%
Value
$816,308
Shares
22,594
-3%
Ishares TRSOXX
Share
0.4%
Value
$794,345
Shares
1,240
Held
Proshares TRQLD
Share
0.4%
Value
$758,822
Shares
7,842
-2%
MicrosoftMSFT
Share
0.2%
Value
$467,132
Shares
1,252
Held
Meta PlatformsMETA
Share
0.2%
Value
$428,418
Shares
761
Held
Spdr Series TrustSLYG
Share
0.2%
Value
$428,365
Shares
3,596
Held
TeslaTSLA
Share
0.2%
Value
$398,308
Shares
947
-20%
AlphabetGOOGL
Share
0.2%
Value
$392,670
Shares
1,099
Held
Vanguard Index FDSVOE
Share
0.2%
Value
$382,326
Shares
1,935
Held
Schwab Strategic TRSCHD
Share
0.2%
Value
$347,976
Shares
10,974
+5%
Invesco Exch Traded FD TR IISPMO
Share
0.2%
Value
$310,257
Shares
1,921
New
State STR Spdr S&P Midcap 40MDY
Share
0.1%
Value
$296,469
Shares
422
Held
Proshares TRUYG
Share
0.1%
Value
$277,413
Shares
3,242
New
Vanguard Admiral FDSVIOV
Share
0.1%
Value
$239,323
Shares
2,040
New
Invesco Exch Traded FD TR IIRWL
Share
0.1%
Value
$237,827
Shares
1,862
Held
Vanguard Index FDSVO
Share
0.1%
Value
$215,696
Shares
2,677
-27%

Company	Share of fund	Value	Shares	Change
Schwab Strategic TRSCHG	12.2%	$25m	737,508	Held
Vanguard Index FDSVOO	9.2%	$19m	27,302	Held
Invesco Exch Traded FD TR IIQQQM	6.4%	$13m	43,021	-3%
Vaneck ETF TrustSMH	5.7%	$12m	17,895	Held
Schwab Strategic TRFNDX	5.6%	$11m	368,588	Held
Invesco QQQ TRQQQ	4.5%	$9m	12,634	Held
State STR Spdr S&P 500 ETF TSPY	4.4%	$9m	12,193	-5%
Schwab Strategic TRSCHV	3.9%	$8m	231,838	Held
Ishares TRIWF	3.1%	$6m	50,685	-9%
Ishares TRIWB	3.0%	$6m	14,833	Held
Ishares TRIWO	2.6%	$5m	13,472	Held
Vanguard BD Index FDSVUSB	2.5%	$5m	103,799	+21%
Invesco Exchange Traded FD TXMMO	2.2%	$5m	27,017	Held
J P Morgan Exchange Traded FJEPI	2.2%	$5m	80,090	Held
Vanguard BD Index FDSBND	2.1%	$4m	58,095	-13%
Schwab Strategic TRSCHO	1.9%	$4m	161,394	+6%
Vanguard Admiral FDSVIOG	1.9%	$4m	25,110	Held
Fidelity Merrimack STR TRFLDR	1.8%	$4m	74,205	Held
Schwab Strategic TRSCHZ	1.8%	$4m	159,791	-4%
AlphabetGOOG	1.7%	$3m	9,677	Held
Schwab Strategic TRSCHX	1.6%	$3m	109,537	+8%
Spdr Series TrustSPYG	1.6%	$3m	26,700	-5%
Ishares TRIWP	1.5%	$3m	21,378	Held
State STR Spdr DOW Jones INDDIA	1.5%	$3m	5,712	-2%
Vanguard Index FDSVOT	1.1%	$2m	7,445	Held
AppleAAPL	1.0%	$2m	7,226	-6%
KLAKLAC	0.9%	$2m	6,090	Held
Invesco Exchange Traded FD TXSVM	0.9%	$2m	26,088	Held
Invesco Exchange Traded FD TXSMO	0.8%	$2m	17,299	+5%
Select Sector Spdr TRXLK	0.7%	$2m	7,998	-7%
Ishares TRIWN	0.7%	$1m	6,666	Held
NvidiaNVDA	0.7%	$1m	6,896	Held
Ishares TRSHV	0.7%	$1m	12,428	+7%
Vanguard Admiral FDSVOOV	0.6%	$1m	6,043	Held
Ishares TRSHY	0.6%	$1m	15,377	Held
Schwab Strategic TRSCHM	0.6%	$1m	34,048	Held
Ishares TRIWM	0.6%	$1m	3,933	Held
Spdr Series TrustSPYV	0.5%	$993,293	16,340	Held
Amazon.comAMZN	0.5%	$939,060	3,940	-2%
Ishares TRIWD	0.5%	$933,592	3,851	Held
Global X FDSAIQ	0.4%	$919,631	14,017	+3%
Schwab Strategic TRSCHA	0.4%	$816,308	22,594	-3%
Ishares TRSOXX	0.4%	$794,345	1,240	Held
Proshares TRQLD	0.4%	$758,822	7,842	-2%
MicrosoftMSFT	0.2%	$467,132	1,252	Held
Meta PlatformsMETA	0.2%	$428,418	761	Held
Spdr Series TrustSLYG	0.2%	$428,365	3,596	Held
TeslaTSLA	0.2%	$398,308	947	-20%
AlphabetGOOGL	0.2%	$392,670	1,099	Held
Vanguard Index FDSVOE	0.2%	$382,326	1,935	Held
Schwab Strategic TRSCHD	0.2%	$347,976	10,974	+5%
Invesco Exch Traded FD TR IISPMO	0.2%	$310,257	1,921	New
State STR Spdr S&P Midcap 40MDY	0.1%	$296,469	422	Held
Proshares TRUYG	0.1%	$277,413	3,242	New
Vanguard Admiral FDSVIOV	0.1%	$239,323	2,040	New
Invesco Exch Traded FD TR IIRWL	0.1%	$237,827	1,862	Held
Vanguard Index FDSVO	0.1%	$215,696	2,677	-27%

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 31.1% since 30 June 2025.

Where the money is

Technology2.8%

Media & telecom2.1%

Retail & consumer0.7%

Other94.5%

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.