BBR PARTNERS, LLC

NEW YORK, NY · CIK 1352467 · 13F filing filed 2025-08-14

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)

$1.6bn reported value +13.5% vs Q1 2025

236positions

71.7%in top 10

28 new 42 added 87 reduced 37 sold out vs Q1 2025

Holdings, Q2 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	1,010,922	$624.6m38.88%	38.88%	Added +19.3k	+19,274 1.9%
2	ISHARES TR CORE S&P500 ETF IVV	IVV	189,448	$117.6m7.32%	7.32%	Unchanged
3	AB ACTIVE ETFS INC INTL LOW VOLATLT ILOW	ILOW	2,204,489	$91.8m5.71%	5.71%	New
4	UNITED PARCEL SERVICE INC CL B UPS	UPS	756,415	$76.4m4.75%	4.75%	Added +111.0k	+110,955 17.2%
5	HAYWARD HLDGS INC COM HAYW	HAYW	4,591,730	$63.4m3.94%	3.94%	Added +183.7k	+183,691 4.2%
6	APPLE INC COM AAPL	AAPL	214,693	$44.0m2.74%	2.74%	Reduced -2.1k	-2,121 -1.0%
7	MICROSOFT CORP COM MSFT	MSFT	76,349	$38.0m2.36%	2.36%	Reduced -110	-110 -0.1%
8	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	57,964	$32.9m2.05%	2.05%	Added +1.8k	+1,767 3.1%
9	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	106,688	$32.4m2.02%	2.02%	Added +16.8k	+16,817 18.7%
10	KKR & CO INC COM KKR	KKR	229,752	$30.6m1.90%	1.90%	Reduced -443.8k	-443,798 -65.9%
11	PHILIP MORRIS INTL INC COM PM	PM	142,692	$26.0m1.62%	1.62%	Reduced -5.9k	-5,922 -4.0%
12	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	129,920	$23.6m1.47%	1.47%	Added +303	+303 0.2%
13	VANGUARD WORLD FD INF TECH ETF VGT	VGT	31,981	$21.2m1.32%	1.32%	Unchanged
14	ALPHABET INC CAP STK CL A GOOGL	GOOGL	98,859	$17.4m1.08%	1.08%	Added +1.5k	+1,547 1.6%
15	ALPHABET INC CAP STK CL C GOOG	GOOG	59,673	$10.6m0.66%	0.66%	Added +1.6k	+1,610 2.8%
16	ABBVIE INC COM ABBV	ABBV	54,244	$10.1m0.63%	0.63%	Reduced -4.3k	-4,280 -7.3%
17	AMAZON COM INC COM AMZN	AMZN	44,590	$9.8m0.61%	0.61%	Reduced -2.1k	-2,134 -4.6%
18	JPMORGAN CHASE & CO COM JPM	JPM	31,171	$9.0m0.56%	0.56%	Reduced -1.6k	-1,555 -4.8%
19	ISHARES TR CORE DIV GRWTH DGRO	DGRO	137,746	$8.8m0.55%	0.55%	Added +53	+53 0.0%
20	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	17,407	$8.5m0.53%	0.53%	Reduced -31	-31 -0.2%
21	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	298,919	$8.2m0.51%	0.51%	Unchanged
22	EXXON MOBIL CORP COM XOM	XOM	74,123	$8.0m0.50%	0.50%	Added +329	+329 0.5%
23	WALMART INC COM WMT	WMT	78,883	$7.7m0.48%	0.48%	Reduced -81	-81 -0.1%
24	ABBOTT LABS COM ABT	ABT	54,877	$7.5m0.46%	0.46%	Reduced -2.3k	-2,284 -4.0%
25	DIGIMARC CORP NEW COM COM		517,299	$6.8m0.43%	0.43%	Reduced -38.8k	-38,796 -7.0%
26	VANGUARD INDEX FDS MID CAP ETF VO	VO	23,801	$6.7m0.41%	0.41%	Added +4.8k	+4,821 25.4%
27	GOLDMAN SACHS GROUP INC COM GS	GS	9,040	$6.4m0.40%	0.40%	Reduced -5	-5 -0.1%
28	ALTRIA GROUP INC COM MO	MO	107,764	$6.3m0.39%	0.39%	Reduced -27	-27 -0.0%
29	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	84,045	$5.6m0.35%	0.35%	Reduced -866	-866 -1.0%
30	MONDELEZ INTL INC CL A MDLZ	MDLZ	80,902	$5.5m0.34%	0.34%	Reduced -12	-12 -0.0%
31	ISHARES TR MSCI ACWI ETF ACWI	ACWI	41,563	$5.3m0.33%	0.33%	Reduced -352	-352 -0.8%
32	MASTERCARD INCORPORATED CL A MA	MA	9,295	$5.2m0.33%	0.33%	Reduced -10	-10 -0.1%
33	ISHARES TR MSCI KLD400 SOC DSI	DSI	44,345	$5.2m0.32%	0.32%	Added +12.8k	+12,832 40.7%
34	META PLATFORMS INC CL A META	META	6,582	$4.9m0.30%	0.30%	Added +68	+68 1.0%
35	SPDR GOLD TR GOLD SHS GLD	GLD	15,077	$4.6m0.29%	0.29%	Added +5.4k	+5,448 56.6%
36	ISHARES TR RUS 1000 GRW ETF IWF	IWF	10,719	$4.6m0.28%	0.28%	Added +1.2k	+1,235 13.0%
37	JOHNSON & JOHNSON COM JNJ	JNJ	29,511	$4.5m0.28%	0.28%	Added +1.2k	+1,206 4.3%
38	UNION PAC CORP COM UNP	UNP	19,487	$4.5m0.28%	0.28%	Added +15	+15 0.1%
39	NU HLDGS LTD ORD SHS CL A NU	NU	316,026	$4.3m0.27%	0.27%	Unchanged
40	ISHARES TR S&P 100 ETF OEF	OEF	13,441	$4.1m0.25%	0.25%	Unchanged
41	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	74,746	$4.0m0.25%	0.25%	Unchanged
42	ISHARES INC MSCI WORLD ETF URTH	URTH	22,957	$3.9m0.24%	0.24%	Reduced -495	-495 -2.1%
43	KINDER MORGAN INC DEL COM KMI	KMI	130,756	$3.8m0.24%	0.24%	Unchanged
44	VISA INC COM CL A V	V	10,730	$3.8m0.24%	0.24%	Reduced -61	-61 -0.6%
45	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	27,857	$3.8m0.23%	0.23%	Reduced -225	-225 -0.8%
46	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	85,010	$3.7m0.23%	0.23%	Added +94	+94 0.1%
47	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	58,524	$3.6m0.22%	0.22%	Added +10	+10 0.0%
48	APPLIED MATLS INC COM AMAT	AMAT	19,134	$3.5m0.22%	0.22%	Reduced -9	-9 -0.1%
49	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	49,939	$3.5m0.21%	0.21%	Added +27	+27 0.1%
50	ARES CAPITAL CORP COM ARCC	ARCC	156,204	$3.4m0.21%	0.21%	Added +6	+6 0.0%
51	SERVICENOW INC COM NOW	NOW	3,227	$3.3m0.21%	0.21%	New
52	ISHARES TR U.S. TECH ETF IYW	IYW	18,982	$3.3m0.20%	0.20%	Added +8.8k	+8,756 85.6%
53	BP PLC SPONSORED ADR BP	BP	102,594	$3.1m0.19%	0.19%	Unchanged
54	EXCHANGE LISTED FDS TR LONG POND REAL E LPRE	LPRE	118,218	$3.0m0.19%	0.19%	New
55	COSTCO WHSL CORP NEW COM COST	COST	3,010	$3.0m0.19%	0.19%	Reduced -5	-5 -0.2%
56	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	21,566	$2.8m0.17%	0.17%	New
57	AXIS CAP HLDGS LTD SHS AXS	AXS	26,666	$2.8m0.17%	0.17%	Unchanged
58	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	33,770	$2.7m0.17%	0.17%	New
59	ROBLOX CORP CL A RBLX	RBLX	25,945	$2.7m0.17%	0.17%	Reduced -10	-10 -0.0%
60	CHEVRON CORP NEW COM CVX	CVX	18,662	$2.7m0.17%	0.17%	Reduced -560	-560 -2.9%
61	HOME DEPOT INC COM HD	HD	7,177	$2.6m0.16%	0.16%	Added +2.0k	+1,992 38.4%
62	DOVER CORP COM DOV	DOV	14,000	$2.6m0.16%	0.16%	Unchanged
63	FIRST TR NASDAQ 100 TECH IND SHS QTEC	QTEC	11,888	$2.5m0.16%	0.16%	Unchanged
64	COCA COLA CO COM KO	KO	34,296	$2.4m0.15%	0.15%	Added +5.7k	+5,724 20.0%
65	MESA LABS INC COM MLAB	MLAB	25,195	$2.4m0.15%	0.15%	Reduced -2.4k	-2,400 -8.7%
66	PARKER-HANNIFIN CORP COM PH	PH	3,378	$2.4m0.15%	0.15%	Unchanged
67	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	46,632	$2.3m0.15%	0.15%	Unchanged
68	SHELL PLC SPON ADS SHEL	SHEL	32,890	$2.3m0.14%	0.14%	Unchanged
69	APOLLO GLOBAL MGMT INC COM APO	APO	16,015	$2.3m0.14%	0.14%	Unchanged
70	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$2.2m0.14%	0.14%	Reduced -1	-1 -25.0%
71	MCDONALDS CORP COM MCD	MCD	6,991	$2.0m0.13%	0.13%	Reduced -9	-9 -0.1%
72	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	3,654	$2.0m0.13%	0.13%	Reduced -188	-188 -4.9%
73	ISHARES TR RUS 1000 VAL ETF IWD	IWD	10,276	$2.0m0.12%	0.12%	Added +220	+220 2.2%
74	AMGEN INC COM AMGN	AMGN	7,085	$2.0m0.12%	0.12%	Added +846	+846 13.6%
75	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	34,495	$2.0m0.12%	0.12%	Added +3.2k	+3,224 10.3%
76	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	6,044	$1.9m0.12%	0.12%	Reduced -2	-2 -0.0%
77	PROCTER AND GAMBLE CO COM PG	PG	11,445	$1.8m0.11%	0.11%	Added +2.4k	+2,376 26.2%
78	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	22,001	$1.7m0.11%	0.11%	Reduced -19	-19 -0.1%
79	GE AEROSPACE COM NEW GE	GE	6,247	$1.6m0.10%	0.10%	Reduced -9	-9 -0.1%
80	CATERPILLAR INC COM CAT	CAT	4,136	$1.6m0.10%	0.10%	Reduced -11	-11 -0.3%
81	AON PLC SHS CL A AON	AON	4,381	$1.6m0.10%	0.10%	Added +712	+712 19.4%
82	ISHARES TR S&P 500 GRWT ETF IVW	IVW	14,102	$1.6m0.10%	0.10%	Unchanged
83	SABLE OFFSHORE CORP COM SHS SOC	SOC	69,842	$1.5m0.10%	0.10%	Reduced -15.0k	-15,000 -17.7%
84	AEVA TECHNOLOGIES INC COM COM		40,010	$1.5m0.09%	0.09%	Unchanged
85	CBRE GROUP INC CL A CBRE	CBRE	10,402	$1.5m0.09%	0.09%	Unchanged
86	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	15,941	$1.4m0.09%	0.09%	New
87	CISCO SYS INC COM CSCO	CSCO	20,350	$1.4m0.09%	0.09%	Reduced -55	-55 -0.3%
88	WELLS FARGO CO NEW COM WFC	WFC	17,409	$1.4m0.09%	0.09%	Reduced -30	-30 -0.2%
89	VANGUARD INDEX FDS SMALL CP ETF VB	VB	5,819	$1.4m0.09%	0.09%	Added +3.1k	+3,109 114.7%
90	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	27,771	$1.4m0.09%	0.09%	Added +14.9k	+14,919 116.1%
91	DISNEY WALT CO COM DIS	DIS	10,859	$1.3m0.08%	0.08%	Reduced -1.2k	-1,193 -9.9%
92	BOEING CO COM BA	BA	6,418	$1.3m0.08%	0.08%	Added +1.5k	+1,495 30.4%
93	TOAST INC CL A TOST	TOST	29,989	$1.3m0.08%	0.08%	Unchanged
94	SNOWFLAKE INC CL A SNOW	SNOW	5,926	$1.3m0.08%	0.08%	New
95	BITWISE BITCOIN ETF TR SHS BEN INT BITB	BITB	21,500	$1.3m0.08%	0.08%	Unchanged
96	ELI LILLY & CO COM LLY	LLY	1,603	$1.2m0.08%	0.08%	Reduced -13	-13 -0.8%
97	ISHARES TR S&P 500 VAL ETF IVE	IVE	6,352	$1.2m0.08%	0.08%	Unchanged
98	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,176	$1.2m0.08%	0.08%	Reduced -9	-9 -0.2%
99	ISHARES TR CORE US AGGBD ET AGG	AGG	11,951	$1.2m0.07%	0.07%	Reduced -34	-34 -0.3%
100	PROSHARES TR S&P 500 DV ARIST NOBL	NOBL	11,675	$1.2m0.07%	0.07%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
HARROW INC HROW	HROW	62,000	$1.6m62.0k shares
PHILLIPS 66 PSX	PSX	10,780	$1.3m10.8k shares
AMERICAN TOWER CORP NEW AMT	AMT	4,906	$1.1m4.9k shares
LENZ THERAPEUTICS INC LENZ	LENZ	40,000	$1.0m40.0k shares
SUNRISE COMMUNICATIONS AG SNRE	SNRE	20,000	$965.8k20.0k shares
GENESIS ENERGY L P GEL	GEL	58,703	$921.1k58.7k shares
MPLX LP MPLX	MPLX	14,000	$749.3k14.0k shares
ATLANTA BRAVES HLDGS INC BATRK	BATRK	14,006	$560.4k14.0k shares
LIONS GATE ENTMNT CORP		60,000	$475.2k60.0k shares
VESTIS CORPORATION VSTS	VSTS	45,000	$445.5k45.0k shares
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	5,494	$443.4k5.5k shares
FLAGSTAR FINANCIAL INC FLG	FLG	35,362	$410.9k35.4k shares
NEXTRACKER INC NXT	NXT	9,567	$403.2k9.6k shares
TIPTREE INC TIPT	TIPT	15,000	$361.4k15.0k shares
GARRETT MOTION INC GTX	GTX	34,000	$284.6k34.0k shares
LEXICON PHARMACEUTICALS INC LXRX	LXRX	570,000	$262.7k570.0k shares
INTERNATIONAL GAME TECHNOLOG BRSL	BRSL	15,000	$243.9k15.0k shares
FORTREA HLDGS INC FTRE	FTRE	31,887	$240.7k31.9k shares
ISHARES TR IBB	IBB	1,839	$235.2k1.8k shares
OKEANIS ECO TANKERS COR ECO	ECO	10,000	$221.0k10.0k shares
COLGATE PALMOLIVE CO CL	CL	2,321	$217.5k2.3k shares
MID-AMER APT CMNTYS INC MAA	MAA	1,282	$214.8k1.3k shares
CAMPBELL SOUP CO CPB	CPB	5,334	$212.9k5.3k shares
CHAMPIONX CORPORATION CHX	CHX	7,000	$208.6k7.0k shares
BAXTER INTL INC BAX	BAX	6,062	$207.5k6.1k shares