BBR PARTNERS, LLC

NEW YORK, NY · CIK 1352467 · 13F filing filed 2025-02-07

SEC-registered investment adviser since 2000 · limited liability company

Assets managed$36.5bn
Staff175 · 53 in investment roles
Main clients (by assets)High net worth individuals 76%, Private funds 19%, Mutual funds and ETFs 5%
Private funds41 (8 hedge) · $7.1bn gross assets
Websitebbrpartners.com
Form ADV · 2026-07-30SEC adviser record

Legal entityBBR PARTNERS, LLC (US)

$1.4bn reported value +9.2% vs Q3 2024

250positions

73.0%in top 10

29 new 82 added 58 reduced 21 sold out vs Q3 2024

Holdings, Q4 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	997,605	$584.7m40.80%	40.80%	Added +6.3k	+6,267 0.6%
2	ISHARES TR CORE S&P500 ETF IVV	IVV	188,812	$111.1m7.76%	7.76%	Added +4.1k	+4,060 2.2%
3	UNITED PARCEL SERVICE INC CL B UPS	UPS	645,764	$81.4m5.68%	5.68%	Reduced -292	-292 -0.1%
4	HAYWARD HLDGS INC COM HAYW	HAYW	4,408,039	$67.4m4.70%	4.70%	New
5	APPLE INC COM AAPL	AAPL	220,998	$55.3m3.86%	3.86%	Added +25.9k	+25,942 13.3%
6	KKR & CO INC COM KKR	KKR	229,752	$34.0m2.37%	2.37%	Reduced -1.3k	-1,295 -0.6%
7	MICROSOFT CORP COM MSFT	MSFT	77,131	$32.5m2.27%	2.27%	Added +586	+586 0.8%
8	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	56,136	$30.2m2.11%	2.11%	Reduced -19.7k	-19,651 -25.9%
9	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	89,863	$26.0m1.82%	1.82%	Added +14	+14 0.0%
10	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	129,617	$22.7m1.59%	1.59%	Added +6.2k	+6,243 5.1%
11	VANGUARD WORLD FD INF TECH ETF VGT	VGT	31,981	$19.9m1.39%	1.39%	Unchanged
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	98,797	$18.7m1.31%	1.31%	Added +10.7k	+10,716 12.2%
13	PHILIP MORRIS INTL INC COM PM	PM	148,638	$17.9m1.25%	1.25%	Added +4.0k	+4,033 2.8%
14	ALPHABET INC CAP STK CL C GOOG	GOOG	59,430	$11.3m0.79%	0.79%	Added +17.0k	+16,990 40.0%
15	ABBVIE INC COM ABBV	ABBV	58,533	$10.4m0.73%	0.73%	Reduced -2.9k	-2,932 -4.8%
16	AMAZON COM INC COM AMZN	AMZN	47,354	$10.4m0.73%	0.73%	Added +6.3k	+6,258 15.2%
17	ISHARES TR CORE DIV GRWTH DGRO	DGRO	137,641	$8.4m0.59%	0.59%	Added +62	+62 0.1%
18	JPMORGAN CHASE & CO COM JPM	JPM	33,471	$8.0m0.56%	0.56%	Added +228	+228 0.7%
19	EXXON MOBIL CORP COM XOM	XOM	73,909	$8.0m0.55%	0.55%	Added +193	+193 0.3%
20	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	17,505	$7.9m0.55%	0.55%	Reduced -2.4k	-2,350 -11.8%
21	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	298,919	$7.9m0.55%	0.55%	Added +124	+124 0.0%
22	WALMART INC COM WMT	WMT	78,931	$7.1m0.50%	0.50%	Added +11.5k	+11,533 17.1%
23	ABBOTT LABS COM ABT	ABT	57,204	$6.5m0.45%	0.45%	Reduced -2.8k	-2,839 -4.7%
24	ALTRIA GROUP INC COM MO	MO	107,791	$5.6m0.39%	0.39%	Reduced -2.3k	-2,293 -2.1%
25	HUMANA INC COM HUM	HUM	21,255	$5.4m0.38%	0.38%	New
26	GOLDMAN SACHS GROUP INC COM GS	GS	9,053	$5.2m0.36%	0.36%	Reduced -469	-469 -4.9%
27	MASTERCARD INCORPORATED CL A MA	MA	9,540	$5.0m0.35%	0.35%	Reduced -105	-105 -1.1%
28	VANGUARD INDEX FDS MID CAP ETF VO	VO	18,954	$5.0m0.35%	0.35%	Added +18	+18 0.1%
29	MONDELEZ INTL INC CL A MDLZ	MDLZ	80,977	$4.8m0.34%	0.34%	Reduced -5.5k	-5,481 -6.3%
30	UNION PAC CORP COM UNP	UNP	19,952	$4.5m0.32%	0.32%	Added +490	+490 2.5%
31	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	74,746	$4.2m0.29%	0.29%	Reduced -4.2k	-4,164 -5.3%
32	JOHNSON & JOHNSON COM JNJ	JNJ	28,355	$4.1m0.29%	0.29%	Added +881	+881 3.2%
33	ISHARES TR S&P 100 ETF OEF	OEF	13,441	$3.9m0.27%	0.27%	Unchanged
34	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	27,857	$3.8m0.27%	0.27%	Unchanged
35	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	66,511	$3.8m0.27%	0.27%	New
36	ISHARES TR RUS 1000 GRW ETF IWF	IWF	9,484	$3.8m0.27%	0.27%	Reduced -679	-679 -6.7%
37	ISHARES INC MSCI WORLD ETF URTH	URTH	23,410	$3.6m0.25%	0.25%	Reduced -2	-2 -0.0%
38	KINDER MORGAN INC DEL COM KMI	KMI	130,756	$3.6m0.25%	0.25%	Reduced -350	-350 -0.3%
39	META PLATFORMS INC CL A META	META	6,115	$3.6m0.25%	0.25%	Added +3.3k	+3,264 114.5%
40	ISHARES TR MSCI KLD400 SOC DSI	DSI	32,339	$3.6m0.25%	0.25%	Added +25	+25 0.1%
41	ARES CAPITAL CORP COM ARCC	ARCC	156,192	$3.4m0.24%	0.24%	Added +5	+5 0.0%
42	VISA INC COM CL A V	V	10,661	$3.4m0.24%	0.24%	Reduced -901	-901 -7.8%
43	NU HLDGS LTD ORD SHS CL A NU	NU	316,026	$3.3m0.23%	0.23%	Unchanged
44	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	84,916	$3.2m0.22%	0.22%	Added +76	+76 0.1%
45	APPLIED MATLS INC COM AMAT	AMAT	19,143	$3.1m0.22%	0.22%	Reduced -319	-319 -1.6%
46	BP PLC SPONSORED ADR BP	BP	102,594	$3.0m0.21%	0.21%	Reduced -11.8k	-11,782 -10.3%
47	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	55,498	$2.9m0.21%	0.21%	New
48	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	49,900	$2.9m0.21%	0.21%	Added +63	+63 0.1%
49	COSTCO WHSL CORP NEW COM COST	COST	3,166	$2.9m0.20%	0.20%	Reduced -443	-443 -12.3%
50	ISHARES TR MSCI ACWI ETF ACWI	ACWI	24,150	$2.8m0.20%	0.20%	New
51	CHEVRON CORP NEW COM CVX	CVX	19,436	$2.8m0.20%	0.20%	Added +382	+382 2.0%
52	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	4	$2.7m0.19%	0.19%	Added +3	+3 300.0%
53	APOLLO GLOBAL MGMT INC COM APO	APO	16,015	$2.6m0.18%	0.18%	Added +8.7k	+8,689 118.6%
54	DOVER CORP COM DOV	DOV	14,028	$2.6m0.18%	0.18%	Added +28	+28 0.2%
55	AXIS CAP HLDGS LTD SHS AXS	AXS	26,666	$2.4m0.16%	0.16%	Unchanged
56	SPDR GOLD TR GOLD SHS GLD	GLD	9,629	$2.3m0.16%	0.16%	Added +880	+880 10.1%
57	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	46,632	$2.3m0.16%	0.16%	Unchanged
58	FIRST TR NASDAQ 100 TECH IND SHS QTEC	QTEC	11,888	$2.2m0.16%	0.16%	New
59	PARKER-HANNIFIN CORP COM PH	PH	3,378	$2.1m0.15%	0.15%	Reduced -69	-69 -2.0%
60	HOME DEPOT INC COM HD	HD	5,521	$2.1m0.15%	0.15%	Added +1.5k	+1,543 38.8%
61	HARROW INC COM HROW	HROW	62,000	$2.1m0.15%	0.15%	Unchanged
62	SHELL PLC SPON ADS SHEL	SHEL	32,890	$2.1m0.14%	0.14%	Reduced -567	-567 -1.7%
63	MCDONALDS CORP COM MCD	MCD	7,000	$2.0m0.14%	0.14%	Added +2.0k	+2,013 40.4%
64	ALBERTSONS COS INC COMMON STOCK ACI	ACI	100,000	$2.0m0.14%	0.14%	Unchanged
65	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	150,000	$1.9m0.13%	0.13%	Added +90.0k	+90,000 150.0%
66	ISHARES TR RUS 1000 VAL ETF IWD	IWD	10,056	$1.9m0.13%	0.13%	Unchanged
67	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	6,252	$1.8m0.13%	0.13%	Reduced -39	-39 -0.6%
68	COCA COLA CO COM KO	KO	28,735	$1.8m0.12%	0.12%	Added +3.3k	+3,282 12.9%
69	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	22,052	$1.7m0.12%	0.12%	Added +11.1k	+11,052 100.5%
70	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	3,300	$1.7m0.12%	0.12%	Reduced -1.5k	-1,451 -30.5%
71	AMGEN INC COM AMGN	AMGN	6,239	$1.6m0.11%	0.11%	Reduced -53	-53 -0.8%
72	PROCTER AND GAMBLE CO COM PG	PG	9,155	$1.5m0.11%	0.11%	Reduced -141	-141 -1.5%
73	CATERPILLAR INC COM CAT	CAT	4,162	$1.5m0.11%	0.11%	Added +30	+30 0.7%
74	ROBLOX CORP CL A RBLX	RBLX	25,955	$1.5m0.10%	0.10%	Added +17.0k	+17,038 191.1%
75	SABLE OFFSHORE CORP COM SHS SOC	SOC	64,842	$1.5m0.10%	0.10%	Added +49.8k	+49,842 332.3%
76	DISNEY WALT CO COM DIS	DIS	13,142	$1.5m0.10%	0.10%	Reduced -1.3k	-1,321 -9.1%
77	ISHARES TR S&P 500 GRWT ETF IVW	IVW	14,102	$1.4m0.10%	0.10%	Unchanged
78	ELI LILLY & CO COM LLY	LLY	1,846	$1.4m0.10%	0.10%	Added +250	+250 15.7%
79	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	28,819	$1.4m0.10%	0.10%	Added +287	+287 1.0%
80	CBRE GROUP INC CL A CBRE	CBRE	10,435	$1.4m0.10%	0.10%	Added +35	+35 0.3%
81	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	42,500	$1.3m0.09%	0.09%	Reduced -1.6k	-1,650 -3.7%
82	AON PLC SHS CL A AON	AON	3,669	$1.3m0.09%	0.09%	Added +9	+9 0.2%
83	WELLS FARGO CO NEW COM WFC	WFC	17,568	$1.2m0.09%	0.09%	Added +163	+163 0.9%
84	ISHARES TR S&P 500 VAL ETF IVE	IVE	6,352	$1.2m0.08%	0.08%	Unchanged
85	SUNRISE COMMUNICATIONS AG ADS CL A SNRE	SNRE	28,000	$1.2m0.08%	0.08%	New
86	CISCO SYS INC COM CSCO	CSCO	20,334	$1.2m0.08%	0.08%	Reduced -1.4k	-1,432 -6.6%
87	TOAST INC CL A TOST	TOST	32,681	$1.2m0.08%	0.08%	New
88	ISHARES TR CORE US AGGBD ET AGG	AGG	12,033	$1.2m0.08%	0.08%	Reduced -1.1k	-1,081 -8.2%
89	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	11,675	$1.2m0.08%	0.08%	Unchanged
90	LENZ THERAPEUTICS INC COM LENZ	LENZ	40,000	$1.2m0.08%	0.08%	Unchanged
91	NVIDIA CORPORATION COM NVDA	NVDA	8,411	$1.1m0.08%	0.08%	Added +3.5k	+3,488 70.8%
92	BITWISE BITCOIN ETF TR SHS BEN INT BITB	BITB	21,500	$1.1m0.08%	0.08%	Added +2.5k	+2,500 13.2%
93	PFIZER INC COM PFE	PFE	41,192	$1.1m0.08%	0.08%	Reduced -327	-327 -0.8%
94	CUMMINS INC COM CMI	CMI	3,064	$1.1m0.07%	0.07%	Reduced -18	-18 -0.6%
95	GE AEROSPACE COM NEW GE	GE	6,309	$1.1m0.07%	0.07%	Reduced -194	-194 -3.0%
96	BLACKSTONE SECD LENDING FD COMMON STOCK BXSL	BXSL	30,701	$991.9k0.07%	0.07%	Unchanged
97	ISHARES TR RUSSELL 2000 ETF IWM	IWM	4,425	$977.7k0.07%	0.07%	Reduced -2.0k	-2,022 -31.4%
98	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,348	$955.8k0.07%	0.07%	Reduced -192	-192 -4.2%
99	ALPS ETF TR ALERIAN MLP AMLP	AMLP	19,739	$950.7k0.07%	0.07%	Unchanged
100	AMERICAN TOWER CORP NEW COM AMT	AMT	5,052	$926.6k0.06%	0.06%	Reduced -910	-910 -15.3%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
BLACKROCK INC BLK	BLK	996	$945.7k996 shares
LENNAR CORP LEN	LEN	2,348	$440.2k2.3k shares
ALIBABA GROUP HLDG LTD BABA	BABA	3,803	$403.6k3.8k shares
EATON CORP PLC ETN	ETN	1,015	$336.4k1.0k shares
NUVEEN AMT FREE QLTY MUN INC XNEAX	XNEAX	27,386	$327.8k27.4k shares
WEYERHAEUSER CO MTN BE WY	WY	9,600	$325.1k9.6k shares
CHAMPIONX CORPORATION CHX	CHX	10,500	$316.6k10.5k shares
MARTIN MARIETTA MATLS INC MLM	MLM	574	$309.0k574 shares
NUVEEN QUALITY MUNCP INCOME NAD	NAD	21,439	$265.4k21.4k shares
ISHARES TR HDV	HDV	2,245	$264.1k2.2k shares
NEWMONT CORP NEM	NEM	4,890	$261.3k4.9k shares
ASML HOLDING N V ASML	ASML	298	$248.3k298 shares
PULTE GROUP INC PHM	PHM	1,688	$242.3k1.7k shares
BAXTER INTL INC BAX	BAX	6,054	$229.9k6.1k shares
AGILENT TECHNOLOGIES INC A	A	1,456	$216.2k1.5k shares
NOVO-NORDISK A S NVO	NVO	1,798	$214.1k1.8k shares
KNOWLES CORP KN	KN	10,500	$189.3k10.5k shares
APOLLO COML REAL EST FIN INC ARI	ARI	15,000	$137.8k15.0k shares
BURFORD CAP LTD BUR	BUR	10,000	$132.6k10.0k shares
UNITED BANCORP INC OHIO UBCP	UBCP	10,000	$131.3k10.0k shares
ACLARIS THERAPEUTICS INC ACRS	ACRS	60,000	$69.0k60.0k shares