LAZARI CAPITAL MANAGEMENT, INC. — 13F Holdings & Portfolio

CIK 1986389 · latest 13F-HR filed 2026-10-20

LAZARI CAPITAL MANAGEMENT, INC. manages $339.5M in 13F-reported U.S. long-equity assets across 187 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are AAPL (14.37%), META (7.06%), NVDA (6.82%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 12 new positions and exited 13; 44 existing positions rose in reported value and 71 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$339.5M

Long-equity book

Holdings

187

Distinct positions

Period

2026-09-30

Filed 2026-10-20

Q/Q Activity

+12 / −13 / ↑44 / ↓71

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26

AAPL14.4% · -2%META7.1% · +0%NVDA6.8% · -0%GOOGL5.6% · -1%AMZN5.5% · -0%UBER4.0% · +3%AMD3.5% · -2%MSFT2.6% · -2%TSLA2.4% · +0%BP2.3% · -5%BA2.0% · +5%DIS1.6% · -1%VZ1.4% · -3%BAC1.4% · -3%NFLX1.3% · +17%ABBV1.2% · -0%VTI1.1% · -2%AVGO1.0% · -0%UNH0.9% · -4%SPY0.8% · 0%JPM0.8% · -3%XOM0.8% · -2%MGK0.8% · -4%QQQ0.7% · -2%GOOG0.7% · +1%TTAN0.7% · +58%STIP0.6% · +4%IVV0.6% · -1%AGG0.6% · +8%ORCLPD0.6% · +138%PFE0.5% · -2%BE0.5% · 0%BAPA0.5% · +2%V0.5% · -2%JNJ0.5% · +1%SBUX0.5% · -5%COST0.5% · -8%ARCC0.4% · -3%COP0.4% · +0%WFC0.4% · -0%WMT0.4% · +5%AXP0.4% · -0%ORCL0.4% · +52%VYM0.4% · -6%CVX0.4% · +0%GLD0.4% · +22%C0.4% · -2%LLY0.4% · -1%SPCX0.4% · +148%T0.4% · -3%MCK0.4% · +165%MO0.4% · -0%FISV0.4% · +20%XLE0.3% · -11%WYNN0.3% · +20%GS0.3% · -1%DVN0.3% · -16%VOO0.3% · +7%CAT0.3% · -0%BMY0.3% · -13%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 54.1%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated May 19, 2026.

Assets Under Management

$691.1M

Discretionary

$554.7M

Employees

Accounts

1,599

Address

3500 W. OLIVE AVE
SUITE 730
BURBANK, CA 91505

Phone

(818) 264-0610

Website

WWW.LAZARICAPITAL.COM
ironhillwealth.com

Name	Title / Status	Ownership	Type
KARAPETIAN, MICHAEL, LAZARI Control	PRESIDENT since Aug 2014	75% or more	Individual
MELKONIAN, HOVIG	CCO since Sep 2024	Less than 5%	Individual

Ownership & leadership changes · 2 filings with changes since Mar 23, 2018

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Sep 10, 2024 filing

No longer listedAIKINS, GIL, O · CCO · Less than 5% · listed since Apr 2023
AddedMELKONIAN, HOVIG · CCO · Less than 5%

Aug 15, 2023 filing

AddedAIKINS, GIL, O · CCO · Less than 5%
ChangedKARAPETIAN, MICHAEL, LAZARI · title PRESIDENT, CCO → PRESIDENT

Mar 23, 2018 filing (earliest on record)

ListedKARAPETIAN, MICHAEL, LAZARI · PRESIDENT, CCO · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

APPLE INC$5.7M +13.1%
META PLATFORMS INC$5.4M +29.4%
NVIDIA CORPORATION$2.8M +14.0%
MICROSOFT CORP$2.3M +34.1%
ORACLE CORP$1.1M +134.6%

Show all 44 →

Top Trims

TESLA INC-$1.4M -15.3%
BOEING CO-$717.0K -9.4%
UNITEDHEALTH GROUP INC-$554.7K -15.4%
DIAGEO PLC-$481.8K -54.4%
BANK OF AMER CORP-$368.5K -7.3%

Show all 71 →

New Positions

Show all 12 →

Exited Positions

Show all 13 →

Loading…

#	Issuer	Symbol	CUSIP	Value	Δ

LAZARI CAPITAL MANAGEMENT, INC. Holdings (2026-09-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	APPLE INC	AAPL	037833100	$48.8M	14.37%	146,480	SH
2	META PLATFORMS INC	META	30303M102	$24.0M	7.06%	33,068	SH
3	NVIDIA CORPORATION	NVDA	67066G104	$23.2M	6.82%	101,409	SH
4	ALPHABET INC	GOOGL	02079K305	$18.8M	5.55%	54,769	SH
5	AMAZON COM INC	AMZN	023135106	$18.7M	5.52%	75,170	SH
6	UBER TECHNOLOGIES INC	UBER	90353T100	$13.7M	4.02%	199,345	SH
7	ADVANCED MICRO DEVICES INC	AMD	007903107	$12.0M	3.54%	19,628	SH
8	MICROSOFT CORP	MSFT	594918104	$9.0M	2.65%	17,515	SH
9	TESLA INC	TSLA	88160R101	$8.0M	2.36%	22,546	SH
10	BP PLC	BP	055622104	$7.7M	2.25%	173,996	SH
11	BOEING CO	BA	097023105	$6.9M	2.04%	37,225	SH
12	DISNEY WALT CO	DIS	254687106	$5.3M	1.55%	50,168	SH
13	VERIZON COMMUNICATIONS INC	VZ	92343V104	$4.8M	1.41%	104,038	SH
14	BANK OF AMER CORP	BAC	060505104	$4.7M	1.37%	85,600	SH
15	NETFLIX INC.	NFLX	64110L106	$4.5M	1.32%	64,360	SH
16	ABBVIE INC	ABBV	00287Y109	$4.2M	1.24%	16,084	SH
17	VANGUARD INDEX FDS	VTI	922908769	$3.8M	1.13%	10,268	SH
18	BROADCOM INC	AVGO	11135F101	$3.3M	0.96%	9,274	SH
19	UNITEDHEALTH GROUP INC	UNH	91324P102	$3.1M	0.90%	8,317	SH
20	STATE STR SPDR S&P 500 ETF T	SPY	78462F103	$2.8M	0.83%	3,675	SH
21	JPMORGAN CHASE & CO	JPM	46625H100	$2.7M	0.80%	8,210	SH
22	EXXONMOBIL HOLDINGS CORP	XOM	30233Q108	$2.6M	0.77%	16,143	SH
23	VANGUARD WORLD FD	MGK	921910816	$2.6M	0.76%	27,950	SH
24	INVESCO QQQ TR	QQQ	46090E103	$2.3M	0.69%	3,169	SH
25	ALPHABET INC	GOOG	02079K107	$2.3M	0.69%	6,845	SH
26	SERVICETITAN INC	TTAN	81764X103	$2.3M	0.68%	35,303	SH
27	ISHARES TR	STIP	46429B747	$2.2M	0.64%	21,879	SH
28	ISHARES TR	IVV	464287200	$2.1M	0.63%	2,792	SH
29	ISHARES TR	AGG	464287226	$1.9M	0.57%	20,621	SH
30	ORACLE CORP	ORCLPD	68389X204	$1.9M	0.55%	42,425	SH
31	PFIZER INC	PFE	717081103	$1.8M	0.53%	63,445	SH
32	BLOOM ENERGY CORP	BE	093712107	$1.8M	0.53%	6,494	SH
33	BOEING CO	BAPA	097023204	$1.7M	0.52%	29,575	SH
34	VISA INC	V	92826C839	$1.7M	0.50%	4,750	SH
35	JOHNSON & JOHNSON	JNJ	478160104	$1.6M	0.49%	6,223	SH
36	STARBUCKS CORP	SBUX	855244109	$1.5M	0.46%	16,487	SH
37	COSTCO WHOLESALE CORPORATION	COST	22160K105	$1.5M	0.46%	1,700	SH
38	ARES CAPITAL CORP	ARCC	04010L103	$1.5M	0.44%	78,450	SH
39	CONOCOPHILLIPS	COP	20825C104	$1.5M	0.44%	11,851	SH
40	WELLS FARGO & CO	WFC	949746101	$1.5M	0.44%	18,484	SH
41	WALMART INC	WMT	931142103	$1.5M	0.43%	14,202	SH
42	AMERICAN EXPRESS CO	AXP	025816109	$1.5M	0.43%	4,790	SH
43	ORACLE CORP	ORCL	68389X105	$1.5M	0.43%	10,566	SH
44	VANGUARD WHITEHALL FDS	VYM	921946406	$1.4M	0.42%	9,292	SH
45	CHEVRON CORPORATION	CVX	166764100	$1.4M	0.42%	7,024	SH
46	SPDR GOLD TR	GLD	78463V107	$1.4M	0.40%	3,600	SH
47	CITIGROUP INC	C	172967424	$1.3M	0.39%	10,263	SH
48	ELI LILLY & CO	LLY	532457108	$1.3M	0.38%	1,110	SH
49	SPACE EXPLORATION TECHN CORP	SPCX	84615Q103	$1.3M	0.38%	8,511	SH
50	AT&T INC	T	00206R102	$1.3M	0.38%	52,572	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-09-30	2026-10-20	$339.5M	187	0001986389-26-000007
2026-06-30	2026-07-23	$324.6M	188	0001986389-26-000004
2026-03-31	2026-04-24	$287.5M	175	0001986389-26-000003
2025-12-31	2026-01-29	$297.7M	166	0001986389-26-000002

Filer Information

Address

3500 W. OLIVE AVE., SUITE 730
BURBANK, CA 91505

Phone

(818) 264-0610

Filing Manager

LAZARI CAPITAL MANAGEMENT, INC.

BURBANK, CA

Signatory

Hovig Melkonian

Chief Compliance Officer