Stephenson & Company

San Clemente, CAfiles as Stephenson & Company, Inc.

$213m in 50 US stocks at the end of 30 June 2026. The top 10 are 85.3% of the money. It changed about 3.6% of the portfolio this quarter.

Value

$213m

Stocks

Top 10 share

85.3%

Turnover

3.6%

What changed this quarter

New

Bought for the first time this quarter.

SEI Exchange Traded FundsLEND
0.5% of the fund
Capital Group InternationalCGIC
0.2% of the fund
Seagate Technology HoldingsSTX
0.1% of the fund
UnitedHealth GroupUNH
0.1% of the fund
AppLovinAPP
0.1% of the fund
BroadcomAVGO
<0.1% of the fund
AlphabetGOOGL
<0.1% of the fund

Added

Bought more of a stock they already held.

Invesco Exchange Traded FD TRSP
14.5% of the fund
+7%
Ishares TRIVV
14.2% of the fund
+6%
Vanguard Tax-Managed FDSVEA
14.0% of the fund
+5%
Berkshire HathawayBRK-B
13.6% of the fund
+7%
Vanguard BD Index FDSBIV
5.6% of the fund
+2%
Ishares TRIJR
4.4% of the fund
+6%
Ishares TRIJH
4.1% of the fund
+6%
Vanguard Intl Equity Index FVWO
3.5% of the fund
+5%
Ishares TRTIP
2.3% of the fund
+12%
State STR Spdr S&P 500 ETF TSPY
2.3% of the fund
+2%
Ishares TREMB
1.0% of the fund
+2%
Spdr Series TrustJNK
1.0% of the fund
+3%
Vanguard Index FDSVOO
0.7% of the fund
+399%
Home DepotHD
0.2% of the fund
+6%
Vanguard Index FDSVB
0.1% of the fund
+6%

Cut

Sold some of their stake.

Ishares TRIWM
0.7% of the fund
-4%
Ishares TREFA
0.5% of the fund
-8%
Arista NetworksANET
0.3% of the fund
-8%
Spdr Gold TRGLD
0.2% of the fund
-5%
Vanguard Intl Equity Index FVEU
0.2% of the fund
-7%
Ishares TRIWD
0.2% of the fund
-14%
Ishares TRIWR
0.1% of the fund
-14%

Sold out

Sold their entire stake.

None this quarter.

Holdings

Invesco Exchange Traded FD TRSP
Share
14.5%
Value
$31m
Shares
145,353
+7%
Ishares TRIVV
Share
14.2%
Value
$30m
Shares
40,539
+6%
Vanguard Tax-Managed FDSVEA
Share
14.0%
Value
$30m
Shares
420,205
+5%
Berkshire HathawayBRK-B
Share
13.6%
Value
$29m
Shares
58,177
+7%
Vanguard BD Index FDSBSV
Share
9.0%
Value
$19m
Shares
245,951
Held
Vanguard BD Index FDSBIV
Share
5.6%
Value
$12m
Shares
155,421
+2%
Ishares TRIJR
Share
4.4%
Value
$9m
Shares
63,165
+6%
Ishares TRIJH
Share
4.1%
Value
$9m
Shares
114,533
+6%
Vanguard Intl Equity Index FVWO
Share
3.5%
Value
$7m
Shares
125,603
+5%
Ishares TRTIP
Share
2.3%
Value
$5m
Shares
44,915
+12%
State STR Spdr S&P 500 ETF TSPY
Share
2.3%
Value
$5m
Shares
6,496
+2%
Ishares TRMUB
Share
1.1%
Value
$2m
Shares
21,786
Held
AppleAAPL
Share
1.0%
Value
$2m
Shares
7,704
Held
Ishares TRITOT
Share
1.0%
Value
$2m
Shares
13,202
Held
Ishares TREMB
Share
1.0%
Value
$2m
Shares
22,243
+2%
Spdr Series TrustJNK
Share
1.0%
Value
$2m
Shares
21,208
+3%
Ishares TRIWM
Share
0.7%
Value
$2m
Shares
5,158
-4%
Berkshire Hathaway INC DELBRK-A
Share
0.7%
Value
$1m
Shares
2
Held
Vanguard Index FDSVOO
Share
0.7%
Value
$1m
Shares
2,080
+399%
SEI Exchange Traded FundsLEND
Share
0.5%
Value
$1m
Shares
42,600
New
Ishares TREFA
Share
0.5%
Value
$973,667
Shares
9,373
-8%
NvidiaNVDA
Share
0.4%
Value
$766,745
Shares
3,832
Held
Arista NetworksANET
Share
0.3%
Value
$575,214
Shares
3,386
-8%
Ishares TREEM
Share
0.2%
Value
$462,930
Shares
6,767
Held
Spdr Gold TRGLD
Share
0.2%
Value
$418,480
Shares
1,136
-5%
Capital Group InternationalCGIC
Share
0.2%
Value
$417,612
Shares
11,476
New
Ishares TRESGD
Share
0.2%
Value
$397,772
Shares
3,869
Held
Vanguard Intl Equity Index FVEU
Share
0.2%
Value
$361,298
Shares
4,314
-7%
Ishares TRAGG
Share
0.2%
Value
$338,710
Shares
3,422
Held
DeereDE
Share
0.2%
Value
$329,217
Shares
519
Held
Home DepotHD
Share
0.2%
Value
$324,784
Shares
921
+6%
Ishares TRIWD
Share
0.2%
Value
$323,992
Shares
1,336
-14%
American ExpressAXP
Share
0.1%
Value
$310,514
Shares
918
Held
Seagate Technology HoldingsSTX
Share
0.1%
Value
$303,975
Shares
315
New
Grayscale Bitcoin Trust ETFGBTC
Share
0.1%
Value
$291,328
Shares
6,400
Held
UnitedHealth GroupUNH
Share
0.1%
Value
$282,213
Shares
679
New
Vanguard Index FDSVB
Share
0.1%
Value
$274,930
Shares
907
+6%
Amazon.comAMZN
Share
0.1%
Value
$268,609
Shares
1,127
Held
AlphabetGOOG
Share
0.1%
Value
$265,534
Shares
752
Held
Morgan StanleyMS
Share
0.1%
Value
$261,091
Shares
1,249
Held
Ishares TRIWR
Share
0.1%
Value
$257,928
Shares
2,338
-14%
AppLovinAPP
Share
0.1%
Value
$257,615
Shares
500
New
Vanguard Index FDSVUG
Share
0.1%
Value
$256,869
Shares
2,982
Held
Schwab Strategic TRSCHF
Share
0.1%
Value
$255,034
Shares
9,207
Held
International Business MachinesIBM
Share
0.1%
Value
$240,997
Shares
857
Held
ExxonMobil HoldingsXOM
Share
0.1%
Value
$222,307
Shares
1,626
Held
ChevronCVX
Share
0.1%
Value
$213,830
Shares
1,290
Held
BroadcomAVGO
Share
<0.1%
Value
$211,162
Shares
559
New
AlphabetGOOGL
Share
<0.1%
Value
$206,560
Shares
578
New
Milestone PharmaceuticalsMIST
Share
<0.1%
Value
$26,800
Shares
20,000
Held

Company	Share of fund	Value	Shares	Change
Invesco Exchange Traded FD TRSP	14.5%	$31m	145,353	+7%
Ishares TRIVV	14.2%	$30m	40,539	+6%
Vanguard Tax-Managed FDSVEA	14.0%	$30m	420,205	+5%
Berkshire HathawayBRK-B	13.6%	$29m	58,177	+7%
Vanguard BD Index FDSBSV	9.0%	$19m	245,951	Held
Vanguard BD Index FDSBIV	5.6%	$12m	155,421	+2%
Ishares TRIJR	4.4%	$9m	63,165	+6%
Ishares TRIJH	4.1%	$9m	114,533	+6%
Vanguard Intl Equity Index FVWO	3.5%	$7m	125,603	+5%
Ishares TRTIP	2.3%	$5m	44,915	+12%
State STR Spdr S&P 500 ETF TSPY	2.3%	$5m	6,496	+2%
Ishares TRMUB	1.1%	$2m	21,786	Held
AppleAAPL	1.0%	$2m	7,704	Held
Ishares TRITOT	1.0%	$2m	13,202	Held
Ishares TREMB	1.0%	$2m	22,243	+2%
Spdr Series TrustJNK	1.0%	$2m	21,208	+3%
Ishares TRIWM	0.7%	$2m	5,158	-4%
Berkshire Hathaway INC DELBRK-A	0.7%	$1m	2	Held
Vanguard Index FDSVOO	0.7%	$1m	2,080	+399%
SEI Exchange Traded FundsLEND	0.5%	$1m	42,600	New
Ishares TREFA	0.5%	$973,667	9,373	-8%
NvidiaNVDA	0.4%	$766,745	3,832	Held
Arista NetworksANET	0.3%	$575,214	3,386	-8%
Ishares TREEM	0.2%	$462,930	6,767	Held
Spdr Gold TRGLD	0.2%	$418,480	1,136	-5%
Capital Group InternationalCGIC	0.2%	$417,612	11,476	New
Ishares TRESGD	0.2%	$397,772	3,869	Held
Vanguard Intl Equity Index FVEU	0.2%	$361,298	4,314	-7%
Ishares TRAGG	0.2%	$338,710	3,422	Held
DeereDE	0.2%	$329,217	519	Held
Home DepotHD	0.2%	$324,784	921	+6%
Ishares TRIWD	0.2%	$323,992	1,336	-14%
American ExpressAXP	0.1%	$310,514	918	Held
Seagate Technology HoldingsSTX	0.1%	$303,975	315	New
Grayscale Bitcoin Trust ETFGBTC	0.1%	$291,328	6,400	Held
UnitedHealth GroupUNH	0.1%	$282,213	679	New
Vanguard Index FDSVB	0.1%	$274,930	907	+6%
Amazon.comAMZN	0.1%	$268,609	1,127	Held
AlphabetGOOG	0.1%	$265,534	752	Held
Morgan StanleyMS	0.1%	$261,091	1,249	Held
Ishares TRIWR	0.1%	$257,928	2,338	-14%
AppLovinAPP	0.1%	$257,615	500	New
Vanguard Index FDSVUG	0.1%	$256,869	2,982	Held
Schwab Strategic TRSCHF	0.1%	$255,034	9,207	Held
International Business MachinesIBM	0.1%	$240,997	857	Held
ExxonMobil HoldingsXOM	0.1%	$222,307	1,626	Held
ChevronCVX	0.1%	$213,830	1,290	Held
BroadcomAVGO	<0.1%	$211,162	559	New
AlphabetGOOGL	<0.1%	$206,560	578	New
Milestone PharmaceuticalsMIST	<0.1%	$26,800	20,000	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 29.7% since 30 June 2025.

Where the money is

Financial services13.9%

Technology2.0%

Media & telecom0.3%

Retail & consumer0.3%

Energy0.2%

Industrials0.2%

Health care0.1%

Other82.9%

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.