Peak Asset Management, LLC

LOUISVILLE, CO · CIK 1632512 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 1996 · limited liability company

Assets managed$1.0bn
Staff16 · 14 in investment roles
Main clients (by assets)High net worth individuals 91%, Individuals 6%, Charities 3%
Form ADV · 2026-03-12SEC adviser record

$545.7m reported value +3.9% vs Q1 2025

148positions

38.9%in top 10

5 new 52 added 37 reduced 3 sold out vs Q1 2025

Options: 2 call positions ($85.9k notional), 0 put positions (— notional) – listed below, not included above.

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	MICROSOFT CORP COM MSFT	MSFT	60,011	$29.8m5.47%	5.47%	Reduced -1.3k	-1,254 -2.0%
2	APPLE INC COM AAPL	AAPL	118,034	$24.2m4.44%	4.44%	Added +856	+856 0.7%
3	JPMORGAN CHASE & CO COM JPM	JPM	80,513	$23.3m4.28%	4.28%	Reduced -766	-766 -0.9%
4	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	347,029	$20.4m3.74%	3.74%	Added +25.1k	+25,145 7.8%
5	SPDR SER TR BLOOMBERG 3-12 M BILS	BILS	198,943	$19.8m3.62%	3.62%	Added +2.5k	+2,541 1.3%
6	S&P GLOBAL INC COM SPGI	SPGI	37,443	$19.7m3.62%	3.62%	Reduced -578	-578 -1.5%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	109,960	$19.4m3.55%	3.55%	Added +825	+825 0.8%
8	STRYKER CORPORATION COM SYK	SYK	48,576	$19.2m3.52%	3.52%	Added +130	+130 0.3%
9	VISA INC COM CL A V	V	53,689	$19.1m3.49%	3.49%	Reduced -588	-588 -1.1%
10	CISCO SYS INC COM CSCO	CSCO	245,931	$17.1m3.13%	3.13%	Added +6.0k	+5,971 2.5%
11	ORACLE CORP COM ORCL	ORCL	76,992	$16.8m3.08%	3.08%	Added +251	+251 0.3%
12	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	91,878	$16.7m3.06%	3.06%	Added +1.0k	+1,034 1.1%
13	BOOKING HOLDINGS INC COM BKNG	BKNG	2,795	$16.2m2.96%	2.96%	Added +26	+26 0.9%
14	EMERSON ELEC CO COM EMR	EMR	118,269	$15.8m2.89%	2.89%	Added +2.5k	+2,547 2.2%
15	FORTINET INC COM FTNT	FTNT	133,093	$14.1m2.58%	2.58%	Added +4.3k	+4,272 3.3%
16	PACCAR INC COM PCAR	PCAR	144,928	$13.8m2.52%	2.52%	Added +5.5k	+5,451 3.9%
17	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	147,865	$13.5m2.47%	2.47%	Added +426	+426 0.3%
18	DISNEY WALT CO COM DIS	DIS	95,780	$11.9m2.18%	2.18%	Added +1.8k	+1,778 1.9%
19	VANGUARD SCOTTSDALE FDS LONG TERM TREAS VGLT	VGLT	204,070	$11.5m2.10%	2.10%	Added +4.8k	+4,753 2.4%
20	INVESCO EXCHANGE TRADED FD T PHARMACEUTICALS PJP	PJP	136,156	$10.9m1.99%	1.99%	Added +3.3k	+3,339 2.5%
21	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	18,853	$10.4m1.91%	1.91%	Added +1.1k	+1,118 6.3%
22	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,798	$9.8m1.79%	1.79%	Reduced -59	-59 -0.4%
23	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	14,296	$8.1m1.49%	1.49%	Added +394	+394 2.8%
24	AMERICAN CENTY ETF TR AVANTIS ALL INT AVNM	AVNM	109,949	$7.2m1.32%	1.32%	Added +8.8k	+8,791 8.7%
25	CONOCOPHILLIPS COM COP	COP	72,179	$6.5m1.19%	1.19%	Added +4.3k	+4,302 6.3%
26	ISHARES TR CORE S&P500 ETF IVV	IVV	8,925	$5.5m1.02%	1.02%	Reduced -173	-173 -1.9%
27	AMAZON COM INC COM AMZN	AMZN	25,238	$5.5m1.01%	1.01%	Added +36	+36 0.1%
28	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	9,402	$5.3m0.98%	0.98%	Reduced -166	-166 -1.7%
29	CHEVRON CORP NEW COM CVX	CVX	31,304	$4.5m0.82%	0.82%	Reduced -1.2k	-1,197 -3.7%
30	MASTERCARD INCORPORATED CL A MA	MA	7,714	$4.3m0.79%	0.79%	Reduced -91	-91 -1.2%
31	PROCTER AND GAMBLE CO COM PG	PG	24,332	$3.9m0.71%	0.71%	Added +490	+490 2.1%
32	AMERICAN CENTY ETF TR AVANTIS EMGMKT AVEM	AVEM	56,400	$3.9m0.71%	0.71%	Added +1.9k	+1,940 3.6%
33	COSTCO WHSL CORP NEW COM COST	COST	3,899	$3.9m0.71%	0.71%	Reduced -5	-5 -0.1%
34	ISHARES TR RUSSELL 2000 ETF IWM	IWM	16,913	$3.6m0.67%	0.67%	Unchanged
35	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	5	$3.6m0.67%	0.67%	Unchanged
36	KINDER MORGAN INC DEL COM KMI	KMI	123,532	$3.6m0.67%	0.67%	Reduced -1.3k	-1,307 -1.1%
37	JANUS DETROIT STR TR HENDRSN SHRT ETF VNLA	VNLA	70,931	$3.5m0.64%	0.64%	Added +4.0k	+3,966 5.9%
38	UNION PAC CORP COM UNP	UNP	14,351	$3.3m0.61%	0.61%	Reduced -15	-15 -0.1%
39	MEDTRONIC PLC SHS MDT	MDT	36,435	$3.2m0.58%	0.58%	Added +7.5k	+7,464 25.8%
40	ECOLAB INC COM ECL	ECL	11,108	$3.0m0.55%	0.55%	Unchanged
41	ISHARES TR 1 3 YR TREAS BD SHY	SHY	33,796	$2.8m0.51%	0.51%	Reduced -1.3k	-1,291 -3.7%
42	REPUBLIC SVCS INC COM RSG	RSG	11,087	$2.7m0.50%	0.50%	Reduced -415	-415 -3.6%
43	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	8,839	$2.6m0.48%	0.48%	Added +2.0k	+1,972 28.7%
44	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	28,905	$2.6m0.48%	0.48%	Reduced -165	-165 -0.6%
45	AMPHENOL CORP CL A APH	APH	24,020	$2.4m0.43%	0.43%	Reduced -75	-75 -0.3%
46	UBER TECHNOLOGIES INC COM UBER	UBER	25,308	$2.4m0.43%	0.43%	Added +5.0k	+5,018 24.7%
47	GOLAR LNG LTD SHS GLNG	GLNG	56,350	$2.3m0.43%	0.43%	Unchanged
48	BROADCOM INC COM AVGO	AVGO	8,196	$2.3m0.41%	0.41%	Unchanged
49	WELLS FARGO CO NEW COM WFC	WFC	27,909	$2.2m0.41%	0.41%	Added +196	+196 0.7%
50	SPDR SER TR S&P DIVID ETF SDY	SDY	14,962	$2.0m0.37%	0.37%	Added +86	+86 0.6%
51	APPLIED MATLS INC COM AMAT	AMAT	11,020	$2.0m0.37%	0.37%	Reduced -502	-502 -4.4%
52	ABBOTT LABS COM ABT	ABT	14,192	$1.9m0.35%	0.35%	Unchanged
53	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,706	$1.9m0.35%	0.35%	Added +1.3k	+1,280 37.4%
54	VANGUARD INDEX FDS MID CAP ETF VO	VO	6,762	$1.9m0.35%	0.35%	Reduced -836	-836 -11.0%
55	EXXON MOBIL CORP COM XOM	XOM	17,454	$1.9m0.34%	0.34%	Added +2.4k	+2,448 16.3%
56	INTUIT COM INTU	INTU	2,345	$1.8m0.34%	0.34%	Unchanged
57	JOHNSON & JOHNSON COM JNJ	JNJ	11,998	$1.8m0.34%	0.34%	Added +136	+136 1.1%
58	VANGUARD INDEX FDS SMALL CP ETF VB	VB	7,649	$1.8m0.33%	0.33%	Unchanged
59	ADOBE INC COM ADBE	ADBE	4,488	$1.7m0.32%	0.32%	Added +321	+321 7.7%
60	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	37,505	$1.7m0.32%	0.32%	Reduced -634	-634 -1.7%
61	UNITEDHEALTH GROUP INC COM UNH	UNH	5,094	$1.6m0.29%	0.29%	Added +3.1k	+3,053 149.6%
62	STANLEY BLACK & DECKER INC COM SWK	SWK	22,733	$1.5m0.28%	0.28%	Unchanged
63	ALPHABET INC CAP STK CL C GOOG	GOOG	8,659	$1.5m0.28%	0.28%	Unchanged
64	NVIDIA CORPORATION COM NVDA	NVDA	9,699	$1.5m0.28%	0.28%	Reduced -224	-224 -2.3%
65	ISHARES TR CORE S&P SCP ETF IJR	IJR	13,940	$1.5m0.28%	0.28%	Added +200	+200 1.5%
66	MERCK & CO INC COM MRK	MRK	19,070	$1.5m0.28%	0.28%	Added +743	+743 4.0%
67	PEPSICO INC COM PEP	PEP	10,220	$1.3m0.25%	0.25%	Reduced -932	-932 -8.4%
68	SCHLUMBERGER LTD COM STK SLB	SLB	39,156	$1.3m0.24%	0.24%	Added +265	+265 0.7%
69	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	3,620	$1.1m0.20%	0.20%	Added +316	+316 9.6%
70	QUALCOMM INC COM QCOM	QCOM	6,565	$1.0m0.19%	0.19%	Added +84	+84 1.3%
71	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,498	$1.0m0.19%	0.19%	Added +1.1k	+1,098 45.8%
72	COCA COLA CO COM KO	KO	13,917	$984.6k0.18%	0.18%	Added +604	+604 4.5%
73	META PLATFORMS INC CL A META	META	1,202	$887.2k0.16%	0.16%	Added +71	+71 6.3%
74	INVESCO EXCHANGE TRADED FD T S&P SPIN OFF CSD	CSD	9,931	$833.2k0.15%	0.15%	Unchanged
75	PROGRESSIVE CORP COM PGR	PGR	2,962	$790.4k0.14%	0.14%	Unchanged
76	LOWES COS INC COM LOW	LOW	3,441	$763.5k0.14%	0.14%	Added +100	+100 3.0%
77	ISHARES TR 3 7 YR TREAS BD IEI	IEI	6,389	$760.9k0.14%	0.14%	Reduced -204	-204 -3.1%
78	ISHARES TR MSCI EAFE ETF EFA	EFA	8,405	$751.3k0.14%	0.14%	Unchanged
79	PFIZER INC COM PFE	PFE	28,768	$697.3k0.13%	0.13%	Added +402	+402 1.4%
80	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	6,860	$689.7k0.13%	0.13%	Unchanged
81	BECTON DICKINSON & CO COM BDX	BDX	3,955	$681.2k0.12%	0.12%	Reduced -43.9k	-43,864 -91.7%
82	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	2,434	$678.8k0.12%	0.12%	Reduced -21	-21 -0.9%
83	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	2,950	$668.1k0.12%	0.12%	Unchanged
84	SNOWFLAKE INC CL A SNOW	SNOW	2,900	$648.9k0.12%	0.12%	Reduced -575	-575 -16.6%
85	VANGUARD BD INDEX FDS VANGUARD ULTRA VUSB	VUSB	12,662	$631.4k0.12%	0.12%	Unchanged
86	AMENTUM HOLDINGS INC COM AMTM	AMTM	24,000	$566.6k0.10%	0.10%	Unchanged
87	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	9,904	$564.6k0.10%	0.10%	Unchanged
88	DEERE & CO COM DE	DE	1,110	$564.4k0.10%	0.10%	Reduced -50	-50 -4.3%
89	HONEYWELL INTL INC COM COM		2,422	$564.0k0.10%	0.10%	Reduced -112	-112 -4.4%
90	TEXAS INSTRS INC COM TXN	TXN	2,650	$550.2k0.10%	0.10%	Added +1.3k	+1,313 98.2%
91	GE AEROSPACE COM NEW GE	GE	2,110	$543.1k0.10%	0.10%	Unchanged
92	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	10,933	$540.7k0.10%	0.10%	Reduced -89	-89 -0.8%
93	WALMART INC COM WMT	WMT	5,460	$533.9k0.10%	0.10%	Added +225	+225 4.3%
94	CHURCH & DWIGHT CO INC COM CHD	CHD	5,486	$527.3k0.10%	0.10%	Unchanged
95	ETF OPPORTUNITIES TRUST SMI 3FOURTEEN FU FCTE	FCTE	19,328	$514.1k0.09%	0.09%	New
96	LABCORP HOLDINGS INC COM SHS LH	LH	1,917	$503.2k0.09%	0.09%	Unchanged
97	TRAVELERS COMPANIES INC COM TRV	TRV	1,869	$500.0k0.09%	0.09%	Added +55	+55 3.0%
98	EDWARDS LIFESCIENCES CORP COM EW	EW	6,343	$496.1k0.09%	0.09%	Unchanged
99	3M CO COM MMM	MMM	3,161	$481.2k0.09%	0.09%	Unchanged
100	SELECT SECTOR SPDR TR ENERGY XLE	XLE	5,531	$469.1k0.09%	0.09%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
RTX CORPORATION RTX	RTX	126,062	$16.7m126.1k shares
JPMORGAN CHASE FINL CO LLC AMJB	AMJB	20,138	$654.1k20.1k shares
SCHWAB STRATEGIC TR SCHD	SCHD	7,500	$209.7k7.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
UNITEDHEALTH GROUP INC UNH · Call	UNH	Call	200	$62.4k200 shares	New
V F CORP VFC · Call	VFC	Call	2,000	$23.5k2.0k shares	Added