BBR PARTNERS, LLC

NEW YORK, NY · CIK 1352467 · 13F filing filed 2026-02-11

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)

$1.9bn reported value +7.5% vs Q3 2025

267positions

70.7%in top 10

22 new 62 added 87 reduced 25 sold out vs Q3 2025

Holdings, Q4 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	1,045,576	$713.0m38.26%	38.26%	Added +27.9k	+27,929 2.7%
2	AB ACTIVE ETFS INC INTL LOW VOLATLT ILOW	ILOW	4,263,472	$181.6m9.74%	9.74%	Added +625.2k	+625,160 17.2%
3	ISHARES TR CORE S&P500 ETF IVV	IVV	186,242	$127.6m6.84%	6.84%	Reduced -3.2k	-3,168 -1.7%
4	UNITED PARCEL SERVICE INC CL B UPS	UPS	754,275	$74.8m4.01%	4.01%	Reduced -2.1k	-2,142 -0.3%
5	APPLE INC COM AAPL	AAPL	229,592	$62.4m3.35%	3.35%	Added +14.9k	+14,921 7.0%
6	MICROSOFT CORP COM MSFT	MSFT	77,160	$37.3m2.00%	2.00%	Added +483	+483 0.6%
7	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	106,707	$35.8m1.92%	1.92%	Added +13	+13 0.0%
8	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	50,304	$31.5m1.69%	1.69%	Reduced -4.4k	-4,388 -8.0%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	86,047	$26.9m1.45%	1.45%	Reduced -530	-530 -0.6%
10	KKR & CO INC COM KKR	KKR	210,845	$26.9m1.44%	1.44%	Reduced -1.9k	-1,945 -0.9%
11	EXCHANGE LISTED FDS TR LONG POND REAL E LPRE	LPRE	946,211	$25.3m1.36%	1.36%	Added +349.5k	+349,502 58.6%
12	VANGUARD WORLD FD INF TECH ETF VGT	VGT	31,981	$24.1m1.29%	1.29%	Unchanged
13	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	124,113	$23.8m1.28%	1.28%	Reduced -3.2k	-3,164 -2.5%
14	PHILIP MORRIS INTL INC COM PM	PM	138,678	$22.2m1.19%	1.19%	Added +3	+3 0.0%
15	ALPHABET INC CAP STK CL C GOOG	GOOG	60,090	$18.9m1.01%	1.01%	Added +746	+746 1.3%
16	SPDR GOLD TR GOLD SHS GLD	GLD	43,780	$17.4m0.93%	0.93%	Reduced -747	-747 -1.7%
17	ABBVIE INC COM ABBV	ABBV	54,246	$12.4m0.67%	0.67%	Reduced -77	-77 -0.1%
18	ISHARES TR CORE S&P TTL STK ITOT	ITOT	71,285	$10.6m0.57%	0.57%	New
19	AMAZON COM INC COM AMZN	AMZN	45,419	$10.5m0.56%	0.56%	Added +1.4k	+1,449 3.3%
20	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	299,180	$9.8m0.53%	0.53%	Added +261	+261 0.1%
21	ISHARES TR CORE DIV GRWTH DGRO	DGRO	138,391	$9.6m0.52%	0.52%	Added +589	+589 0.4%
22	JPMORGAN CHASE & CO COM JPM	JPM	29,556	$9.5m0.51%	0.51%	Reduced -111	-111 -0.4%
23	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	18,408	$9.3m0.50%	0.50%	Added +921	+921 5.3%
24	EXXON MOBIL CORP COM XOM	XOM	73,926	$8.9m0.48%	0.48%	Reduced -339	-339 -0.5%
25	WALMART INC COM WMT	WMT	77,924	$8.7m0.47%	0.47%	Reduced -197	-197 -0.2%
26	ISHARES TR U.S. TECH ETF IYW	IYW	41,173	$8.2m0.44%	0.44%	Added +10.4k	+10,433 33.9%
27	GOLDMAN SACHS GROUP INC COM GS	GS	9,210	$8.1m0.43%	0.43%	Added +125	+125 1.4%
28	ABBOTT LABS COM ABT	ABT	54,878	$6.9m0.37%	0.37%	Reduced -107	-107 -0.2%
29	VANGUARD INDEX FDS MID CAP ETF VO	VO	23,044	$6.7m0.36%	0.36%	Added +1.6k	+1,613 7.5%
30	JOHNSON & JOHNSON COM JNJ	JNJ	30,596	$6.3m0.34%	0.34%	Added +949	+949 3.2%
31	ALTRIA GROUP INC COM MO	MO	107,765	$6.2m0.33%	0.33%	Reduced -104	-104 -0.1%
32	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	83,740	$6.2m0.33%	0.33%	Reduced -305	-305 -0.4%
33	ISHARES TR MSCI ACWI ETF ACWI	ACWI	41,566	$5.9m0.32%	0.32%	Added +3	+3 0.0%
34	ISHARES TR MSCI KLD400 SOC DSI	DSI	42,474	$5.5m0.29%	0.29%	Reduced -218	-218 -0.5%
35	MASTERCARD INCORPORATED CL A MA	MA	9,505	$5.4m0.29%	0.29%	Added +298	+298 3.2%
36	ISHARES TR RUS 1000 GRW ETF IWF	IWF	11,183	$5.3m0.28%	0.28%	Added +464	+464 4.3%
37	ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT	IBIT	102,136	$5.1m0.27%	0.27%	Added +34.1k	+34,118 50.2%
38	APPLIED MATLS INC COM AMAT	AMAT	19,134	$4.9m0.26%	0.26%	Reduced -73	-73 -0.4%
39	ISHARES TR S&P 100 ETF OEF	OEF	13,441	$4.6m0.25%	0.25%	Unchanged
40	UNION PAC CORP COM UNP	UNP	19,488	$4.5m0.24%	0.24%	Reduced -25	-25 -0.1%
41	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	31,906	$4.5m0.24%	0.24%	Added +10.3k	+10,340 48.0%
42	DIMENSIONAL ETF TRUST US TARGETED VLU DFAT	DFAT	74,746	$4.5m0.24%	0.24%	Unchanged
43	MONDELEZ INTL INC CL A MDLZ	MDLZ	81,059	$4.4m0.23%	0.23%	Reduced -95	-95 -0.1%
44	ISHARES INC MSCI WORLD ETF URTH	URTH	22,440	$4.2m0.22%	0.22%	Added +1	+1 0.0%
45	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	36,676	$4.1m0.22%	0.22%	New
46	META PLATFORMS INC CL A META	META	6,089	$4.0m0.22%	0.22%	Reduced -805	-805 -11.7%
47	VISA INC COM CL A V	V	11,314	$4.0m0.21%	0.21%	Added +485	+485 4.5%
48	ISHARES TR MSCI INTL QUALTY IQLT	IQLT	85,430	$3.9m0.21%	0.21%	Added +420	+420 0.5%
49	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	50,027	$3.8m0.20%	0.20%	Added +70	+70 0.1%
50	AIRBNB INC COM CL A ABNB	ABNB	26,594	$3.6m0.19%	0.19%	New
51	APOLLO GLOBAL MGMT INC COM APO	APO	24,855	$3.6m0.19%	0.19%	Reduced -1.9k	-1,860 -7.0%
52	KINDER MORGAN INC DEL COM KMI	KMI	130,759	$3.6m0.19%	0.19%	Reduced -75	-75 -0.1%
53	BP PLC SPONSORED ADR BP	BP	102,594	$3.6m0.19%	0.19%	Unchanged
54	DIGIMARC CORP NEW COM COM		517,299	$3.4m0.18%	0.18%	Unchanged
55	ISHARES TR RUS 2000 VAL ETF IWN	IWN	18,449	$3.3m0.18%	0.18%	New
56	NU HLDGS LTD ORD SHS CL A NU	NU	195,689	$3.3m0.18%	0.18%	Reduced -129.4k	-129,406 -39.8%
57	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	22,453	$3.2m0.17%	0.17%	Added +4.9k	+4,911 28.0%
58	ARES CAPITAL CORP COM ARCC	ARCC	156,217	$3.2m0.17%	0.17%	Added +6	+6 0.0%
59	PARKER-HANNIFIN CORP COM PH	PH	3,378	$3.0m0.16%	0.16%	Reduced -7	-7 -0.2%
60	ISHARES TR RUS 2000 GRW ETF IWO	IWO	9,163	$3.0m0.16%	0.16%	New
61	AXIS CAP HLDGS LTD SHS AXS	AXS	26,666	$2.9m0.15%	0.15%	Unchanged
62	CHEVRON CORP NEW COM CVX	CVX	18,571	$2.8m0.15%	0.15%	Reduced -139	-139 -0.7%
63	FIRST TR NASDAQ 100 TECH IND SHS QTEC	QTEC	11,888	$2.7m0.15%	0.15%	Unchanged
64	DOVER CORP COM DOV	DOV	14,000	$2.7m0.15%	0.15%	Unchanged
65	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	34,780	$2.7m0.14%	0.14%	Reduced -4.5k	-4,529 -11.5%
66	SERVICENOW INC COM NOW	NOW	16,560	$2.5m0.14%	0.14%	Added +390	+390 2.4%
67	COCA COLA CO COM KO	KO	35,900	$2.5m0.13%	0.13%	Added +1.4k	+1,450 4.2%
68	COSTCO WHSL CORP NEW COM COST	COST	2,908	$2.5m0.13%	0.13%	Reduced -18	-18 -0.6%
69	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	4,079	$2.5m0.13%	0.13%	Added +123	+123 3.1%
70	HOME DEPOT INC COM HD	HD	7,177	$2.5m0.13%	0.13%	Reduced -54	-54 -0.8%
71	SHELL PLC SPON ADS SHEL	SHEL	32,890	$2.4m0.13%	0.13%	Unchanged
72	CATERPILLAR INC COM CAT	CAT	4,136	$2.4m0.13%	0.13%	Reduced -40	-40 -1.0%
73	GE AEROSPACE COM NEW GE	GE	7,636	$2.4m0.13%	0.13%	Added +330	+330 4.5%
74	MCDONALDS CORP COM MCD	MCD	7,591	$2.3m0.12%	0.12%	Added +565	+565 8.0%
75	AMGEN INC COM AMGN	AMGN	7,085	$2.3m0.12%	0.12%	Reduced -32	-32 -0.5%
76	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	37,057	$2.3m0.12%	0.12%	Added +2.2k	+2,206 6.3%
77	VANGUARD MALVERN FDS STRM INFPROIDX VTIP	VTIP	46,632	$2.3m0.12%	0.12%	Unchanged
78	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$2.3m0.12%	0.12%	Unchanged
79	ISHARES TR RUS 1000 VAL ETF IWD	IWD	10,159	$2.1m0.11%	0.11%	Unchanged
80	MESA LABS INC COM MLAB	MLAB	25,195	$2.0m0.11%	0.11%	Unchanged
81	NVIDIA CORPORATION COM NVDA	NVDA	10,586	$2.0m0.11%	0.11%	Added +1.9k	+1,916 22.1%
82	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	22,001	$1.9m0.10%	0.10%	Reduced -25	-25 -0.1%
83	ROBLOX CORP CL A RBLX	RBLX	22,845	$1.9m0.10%	0.10%	Unchanged
84	ISHARES TR S&P 500 GRWT ETF IVW	IVW	14,574	$1.8m0.10%	0.10%	Added +472	+472 3.4%
85	ELI LILLY & CO COM LLY	LLY	1,629	$1.8m0.09%	0.09%	Reduced -11	-11 -0.7%
86	CBRE GROUP INC CL A CBRE	CBRE	10,402	$1.7m0.09%	0.09%	Unchanged
87	PROCTER AND GAMBLE CO COM PG	PG	11,446	$1.6m0.09%	0.09%	Reduced -153	-153 -1.3%
88	WELLS FARGO CO NEW COM WFC	WFC	17,411	$1.6m0.09%	0.09%	Reduced -222	-222 -1.3%
89	J P MORGAN EXCHANGE TRADED F SHORT DURA CORE JSCP	JSCP	33,530	$1.6m0.09%	0.09%	New
90	BLACKSTONE INC COM BX	BX	10,162	$1.6m0.08%	0.08%	Added +7.4k	+7,392 266.9%
91	CUMMINS INC COM CMI	CMI	3,060	$1.6m0.08%	0.08%	Reduced -17	-17 -0.6%
92	INTEL CORP COM INTC	INTC	42,232	$1.6m0.08%	0.08%	Added +1.9k	+1,949 4.8%
93	AON PLC SHS CL A AON	AON	4,381	$1.5m0.08%	0.08%	Reduced -9	-9 -0.2%
94	VANGUARD INDEX FDS VALUE ETF VTV	VTV	8,092	$1.5m0.08%	0.08%	Unchanged
95	CISCO SYS INC COM CSCO	CSCO	19,997	$1.5m0.08%	0.08%	Reduced -78	-78 -0.4%
96	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	5,737	$1.5m0.08%	0.08%	Reduced -17	-17 -0.3%
97	ISHARES TR CORE US AGGBD ET AGG	AGG	14,735	$1.5m0.08%	0.08%	Added +2.8k	+2,784 23.3%
98	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	8,863	$1.4m0.07%	0.07%	Added +1.1k	+1,142 14.8%
99	ISHARES TR S&P 500 VAL ETF IVE	IVE	6,352	$1.3m0.07%	0.07%	Unchanged
100	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	8,352	$1.3m0.07%	0.07%	Reduced -1.5k	-1,548 -15.6%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
VANGUARD WORLD FD VCR	VCR	2,354	$932.5k2.4k shares
TOURMALINE BIO INC TRML	TRML	15,000	$717.5k15.0k shares
DATADOG INC DDOG	DDOG	3,811	$542.7k3.8k shares
TAIWAN SEMICONDUCTOR MFG LTD TSM	TSM	1,798	$502.2k1.8k shares
CYBERARK SOFTWARE LTD CYBR	CYBR	880	$425.2k880 shares
FERRARI N V RACE	RACE	813	$394.5k813 shares
PG&E CORP PCG	PCG	25,004	$377.1k25.0k shares
ISHARES U S ETF TR NEAR	NEAR	6,918	$354.8k6.9k shares
ISHARES TR TLT	TLT	3,597	$321.5k3.6k shares
VANGUARD BD INDEX FDS VUSB	VUSB	5,898	$294.9k5.9k shares
SEA LTD SE	SE	1,484	$265.2k1.5k shares
BOWLERO CORP LUCK	LUCK	25,000	$256.0k25.0k shares
EMBRAER S.A. EMBJ	EMBJ	4,155	$251.2k4.2k shares
INVESCO EXCHANGE TRADED FD T BMVP	BMVP	4,949	$242.6k4.9k shares
SL GREEN RLTY CORP SLG	SLG	3,988	$238.5k4.0k shares
PIMCO ETF TR MINT	MINT	2,304	$232.0k2.3k shares
FIRST TR EXCHANGE-TRADED FD FTSM	FTSM	3,829	$229.4k3.8k shares
ARGENX SE ARGX	ARGX	290	$213.9k290 shares
ALIBABA GROUP HLDG LTD BABA	BABA	1,196	$213.8k1.2k shares
ISHARES TR SHYG	SHYG	4,903	$212.3k4.9k shares
GALLAGHER ARTHUR J & CO AJG	AJG	671	$207.8k671 shares
ISHARES TR MCHI	MCHI	3,147	$207.2k3.1k shares
ISHARES TR USHY	USHY	5,300	$200.2k5.3k shares
NURIX THERAPEUTICS INC NRIX	NRIX	20,988	$193.9k21.0k shares
SONDER HOLDINGS INC		50,000	$63.5k50.0k shares