BBR PARTNERS, LLC

NEW YORK, NY · CIK 1352467 · 13F filing filed 2025-05-14

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 -1.2% vs Q4 2024

245positions

72.4%in top 10

12 new 41 added 74 reduced 17 sold out vs Q4 2024

Holdings, Q1 2025

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	991,648	$554.7m39.18%	39.18%	Reduced -6.0k	-5,957 -0.6%
2	ISHARES TR CORE S&P500 ETF IVV	IVV	189,448	$106.5m7.52%	7.52%	Added +636	+636 0.3%
3	KKR & CO INC COM KKR	KKR	673,550	$77.9m5.50%	5.50%	Added +443.8k	+443,798 193.2%
4	UNITED PARCEL SERVICE INC CL B UPS	UPS	645,460	$71.0m5.01%	5.01%	Reduced -304	-304 -0.1%
5	HAYWARD HLDGS INC COM HAYW	HAYW	4,408,039	$61.4m4.33%	4.33%	Unchanged
6	APPLE INC COM AAPL	AAPL	216,814	$48.2m3.40%	3.40%	Reduced -4.2k	-4,184 -1.9%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	56,197	$28.9m2.04%	2.04%	Added +61	+61 0.1%
8	MICROSOFT CORP COM MSFT	MSFT	76,459	$28.7m2.03%	2.03%	Reduced -672	-672 -0.9%
9	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	89,871	$24.7m1.74%	1.74%	Added +8	+8 0.0%
10	PHILIP MORRIS INTL INC COM PM	PM	148,614	$23.6m1.67%	1.67%	Reduced -24	-24 -0.0%
11	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	129,617	$22.5m1.59%	1.59%	Unchanged
12	VANGUARD WORLD FD INF TECH ETF VGT	VGT	31,981	$17.3m1.23%	1.23%	Unchanged
13	ALPHABET INC CAP STK CL A GOOGL	GOOGL	97,312	$15.0m1.06%	1.06%	Reduced -1.5k	-1,485 -1.5%
14	ABBVIE INC COM ABBV	ABBV	58,524	$12.3m0.87%	0.87%	Reduced -9	-9 -0.0%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	17,438	$9.3m0.66%	0.66%	Reduced -67	-67 -0.4%
16	ALPHABET INC CAP STK CL C GOOG	GOOG	58,063	$9.1m0.64%	0.64%	Reduced -1.4k	-1,367 -2.3%
17	AMAZON COM INC COM AMZN	AMZN	46,724	$8.9m0.63%	0.63%	Reduced -630	-630 -1.3%
18	EXXON MOBIL CORP COM XOM	XOM	73,794	$8.8m0.62%	0.62%	Reduced -115	-115 -0.2%
19	ISHARES TR CORE DIV GRWTH DGRO	DGRO	137,693	$8.5m0.60%	0.60%	Added +52	+52 0.0%
20	JPMORGAN CHASE & CO COM JPM	JPM	32,726	$8.0m0.57%	0.57%	Reduced -745	-745 -2.2%
21	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	298,919	$7.9m0.56%	0.56%	Unchanged
22	ABBOTT LABS COM ABT	ABT	57,161	$7.6m0.54%	0.54%	Reduced -43	-43 -0.1%
23	DIGIMARC CORP NEW COM COM		556,095	$7.1m0.50%	0.50%	New
24	WALMART INC COM WMT	WMT	78,964	$6.9m0.49%	0.49%	Added +33	+33 0.0%
25	ALTRIA GROUP INC COM MO	MO	107,791	$6.5m0.46%	0.46%	Unchanged
26	MONDELEZ INTL INC CL A MDLZ	MDLZ	80,914	$5.5m0.39%	0.39%	Reduced -63	-63 -0.1%
27	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	84,911	$5.2m0.36%	0.36%	Added +18.4k	+18,400 27.7%
28	MASTERCARD INCORPORATED CL A MA	MA	9,305	$5.1m0.36%	0.36%	Reduced -235	-235 -2.5%
29	GOLDMAN SACHS GROUP INC COM GS	GS	9,045	$4.9m0.35%	0.35%	Reduced -8	-8 -0.1%
30	VANGUARD INDEX FDS MID CAP ETF VO	VO	18,980	$4.9m0.35%	0.35%	Added +26	+26 0.1%
31	ISHARES TR MSCI ACWI ETF ACWI	ACWI	41,915	$4.9m0.34%	0.34%	Added +17.8k	+17,765 73.6%
32	JOHNSON & JOHNSON COM JNJ	JNJ	28,305	$4.7m0.33%	0.33%	Reduced -50	-50 -0.2%
33	UNION PAC CORP COM UNP	UNP	19,472	$4.6m0.32%	0.32%	Reduced -480	-480 -2.4%
34	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	28,082	$4.1m0.29%	0.29%	Added +225	+225 0.8%
35	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	74,746	$3.8m0.27%	0.27%	Unchanged
36	VISA INC COM CL A V	V	10,791	$3.8m0.27%	0.27%	Added +130	+130 1.2%
37	META PLATFORMS INC CL A META	META	6,514	$3.8m0.27%	0.27%	Added +399	+399 6.5%
38	KINDER MORGAN INC DEL COM KMI	KMI	130,756	$3.7m0.26%	0.26%	Unchanged
39	ISHARES TR S&P 100 ETF OEF	OEF	13,441	$3.6m0.26%	0.26%	Unchanged
40	ISHARES INC MSCI WORLD ETF URTH	URTH	23,452	$3.6m0.25%	0.25%	Added +42	+42 0.2%
41	BP PLC SPONSORED ADR BP	BP	102,594	$3.5m0.24%	0.24%	Unchanged
42	ARES CAPITAL CORP COM ARCC	ARCC	156,198	$3.5m0.24%	0.24%	Added +6	+6 0.0%
43	ISHARES TR RUS 1000 GRW ETF IWF	IWF	9,484	$3.4m0.24%	0.24%	Unchanged
44	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	84,916	$3.4m0.24%	0.24%	Unchanged
45	MESA LABS INC COM MLAB	MLAB	27,595	$3.3m0.23%	0.23%	New
46	NU HLDGS LTD ORD SHS CL A NU	NU	316,026	$3.2m0.23%	0.23%	Unchanged
47	ISHARES TR MSCI KLD400 SOC DSI	DSI	31,513	$3.2m0.23%	0.23%	Reduced -826	-826 -2.5%
48	CHEVRON CORP NEW COM CVX	CVX	19,222	$3.2m0.23%	0.23%	Reduced -214	-214 -1.1%
49	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	4	$3.2m0.23%	0.23%	Unchanged
50	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	49,912	$3.1m0.22%	0.22%	Added +12	+12 0.0%
51	COSTCO WHSL CORP NEW COM COST	COST	3,015	$2.9m0.20%	0.20%	Reduced -151	-151 -4.8%
52	APPLIED MATLS INC COM AMAT	AMAT	19,143	$2.8m0.20%	0.20%	Unchanged
53	SPDR GOLD TR GOLD SHS GLD	GLD	9,629	$2.8m0.20%	0.20%	Unchanged
54	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	58,514	$2.7m0.19%	0.19%	Added +3.0k	+3,016 5.4%
55	AXIS CAP HLDGS LTD SHS AXS	AXS	26,666	$2.7m0.19%	0.19%	Unchanged
56	DOVER CORP COM DOV	DOV	14,000	$2.5m0.17%	0.17%	Reduced -28	-28 -0.2%
57	SHELL PLC SPON ADS SHEL	SHEL	32,890	$2.4m0.17%	0.17%	Unchanged
58	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	46,632	$2.3m0.16%	0.16%	Unchanged
59	APOLLO GLOBAL MGMT INC COM APO	APO	16,015	$2.2m0.15%	0.15%	Unchanged
60	MCDONALDS CORP COM MCD	MCD	7,000	$2.2m0.15%	0.15%	Unchanged
61	SABLE OFFSHORE CORP COM SHS SOC	SOC	84,842	$2.2m0.15%	0.15%	Added +20.0k	+20,000 30.8%
62	FIRST TR NASDAQ 100 TECH IND SHS QTEC	QTEC	11,888	$2.1m0.15%	0.15%	Unchanged
63	PARKER-HANNIFIN CORP COM PH	PH	3,378	$2.1m0.15%	0.15%	Unchanged
64	COCA COLA CO COM KO	KO	28,572	$2.0m0.14%	0.14%	Reduced -163	-163 -0.6%
65	AMGEN INC COM AMGN	AMGN	6,239	$1.9m0.14%	0.14%	Unchanged
66	HOME DEPOT INC COM HD	HD	5,185	$1.9m0.13%	0.13%	Reduced -336	-336 -6.1%
67	ISHARES TR RUS 1000 VAL ETF IWD	IWD	10,056	$1.9m0.13%	0.13%	Unchanged
68	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	22,020	$1.9m0.13%	0.13%	Reduced -32	-32 -0.1%
69	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	6,046	$1.8m0.13%	0.13%	Reduced -206	-206 -3.3%
70	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	3,842	$1.8m0.13%	0.13%	Added +542	+542 16.4%
71	HARROW INC COM HROW	HROW	62,000	$1.6m0.12%	0.12%	Unchanged
72	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	31,271	$1.6m0.11%	0.11%	Added +2.5k	+2,452 8.5%
73	PROCTER AND GAMBLE CO COM PG	PG	9,069	$1.5m0.11%	0.11%	Reduced -86	-86 -0.9%
74	ROBLOX CORP CL A RBLX	RBLX	25,955	$1.5m0.11%	0.11%	Unchanged
75	AON PLC SHS CL A AON	AON	3,669	$1.5m0.10%	0.10%	Unchanged
76	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	42,500	$1.5m0.10%	0.10%	Unchanged
77	ISHARES TR U.S. TECH ETF IYW	IYW	10,226	$1.4m0.10%	0.10%	Added +5.2k	+5,178 102.6%
78	CATERPILLAR INC COM CAT	CAT	4,147	$1.4m0.10%	0.10%	Reduced -15	-15 -0.4%
79	CBRE GROUP INC CL A CBRE	CBRE	10,402	$1.4m0.10%	0.10%	Reduced -33	-33 -0.3%
80	ELI LILLY & CO COM LLY	LLY	1,616	$1.3m0.09%	0.09%	Reduced -230	-230 -12.5%
81	PHILLIPS 66 COM PSX	PSX	10,780	$1.3m0.09%	0.09%	New
82	ISHARES TR S&P 500 GRWT ETF IVW	IVW	14,102	$1.3m0.09%	0.09%	Unchanged
83	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	110,000	$1.3m0.09%	0.09%	Reduced -40.0k	-40,000 -26.7%
84	CISCO SYS INC COM CSCO	CSCO	20,405	$1.3m0.09%	0.09%	Added +71	+71 0.3%
85	GE AEROSPACE COM NEW GE	GE	6,256	$1.3m0.09%	0.09%	Reduced -53	-53 -0.8%
86	WELLS FARGO CO NEW COM WFC	WFC	17,439	$1.3m0.09%	0.09%	Reduced -129	-129 -0.7%
87	ISHARES TR S&P 500 VAL ETF IVE	IVE	6,352	$1.2m0.09%	0.09%	Unchanged
88	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	11,675	$1.2m0.08%	0.08%	Unchanged
89	DISNEY WALT CO COM DIS	DIS	12,052	$1.2m0.08%	0.08%	Reduced -1.1k	-1,090 -8.3%
90	ISHARES TR CORE US AGGBD ET AGG	AGG	11,985	$1.2m0.08%	0.08%	Reduced -48	-48 -0.4%
91	GRAIL INC COM GRAL	GRAL	45,001	$1.1m0.08%	0.08%	Reduced -5.0k	-5,000 -10.0%
92	AMERICAN TOWER CORP NEW COM AMT	AMT	4,906	$1.1m0.08%	0.08%	Reduced -146	-146 -2.9%
93	BLACKSTONE SECD LENDING FD COMMON STOCK BXSL	BXSL	32,516	$1.1m0.07%	0.07%	Added +1.8k	+1,815 5.9%
94	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,185	$1.0m0.07%	0.07%	Reduced -163	-163 -3.8%
95	LENZ THERAPEUTICS INC COM LENZ	LENZ	40,000	$1.0m0.07%	0.07%	Unchanged
96	ALPS ETF TR ALERIAN MLP AMLP	AMLP	19,739	$1.0m0.07%	0.07%	Unchanged
97	TOAST INC CL A TOST	TOST	29,989	$994.7k0.07%	0.07%	Reduced -2.7k	-2,692 -8.2%
98	SUNRISE COMMUNICATIONS AG ADS CL A SNRE	SNRE	20,000	$965.8k0.07%	0.07%	Reduced -8.0k	-8,000 -28.6%
99	BITWISE BITCOIN ETF TR SHS BEN INT BITB	BITB	21,500	$964.9k0.07%	0.07%	Unchanged
100	CUMMINS INC COM CMI	CMI	3,064	$960.4k0.07%	0.07%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
ALBERTSONS COS INC ACI	ACI	100,000	$2.0m100.0k shares
WESTERN DIGITAL CORP WDC	WDC	15,000	$894.5k15.0k shares
GOLUB CAP BDC INC GBDC	GBDC	43,331	$656.9k43.3k shares
WESTERN MIDSTREAM PARTNERS L WES	WES	15,000	$576.5k15.0k shares
2SEVENTY BIO INC TSVT	TSVT	180,000	$529.2k180.0k shares
TC ENERGY CORP TRP	TRP	10,000	$465.3k10.0k shares
FERRARI N V RACE	RACE	933	$396.4k933 shares
HONEYWELL INTL INC		1,161	$262.2k1.2k shares
WARBY PARKER INC WRBY	WRBY	9,856	$238.6k9.9k shares
PNC FINL SVCS GROUP INC PNC	PNC	1,227	$236.6k1.2k shares
SERVICENOW INC NOW	NOW	219	$232.2k219 shares
FEDEX CORP FDX	FDX	822	$231.2k822 shares
LIVERAMP HLDGS INC RAMP	RAMP	7,500	$227.8k7.5k shares
MARRIOTT INTL INC NEW MAR	MAR	808	$225.4k808 shares
ISHARES TR IJH	IJH	3,239	$201.8k3.2k shares
OVID THERAPEUTICS INC OVID	OVID	12,495	$11.7k12.5k shares
AEON BIOPHARMA INC		11,586	$6.3k11.6k shares