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LM Advisors LLC — 13F Holdings & Portfolio

CIK 2011314 · latest 13F-HR filed 2026-08-12

Backtest portfolio

LM Advisors LLC manages $866.4M in 13F-reported U.S. long-equity assets across 224 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are QQQ (8.11%), VOO (7.64%), SPY (7.05%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 19 new positions and exited 7; 205 existing positions rose in reported value and 0 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.

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AUM
$866.4M

Long-equity book

Holdings
224

Distinct positions

Period
2026-06-30

Filed 2026-08-12

Q/Q Activity
+19 / −7 / ↑205 / ↓0

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
QQQ8.1% · +107%VOO7.6% · +72%SPY7.1% · +523%AMZN6.7% · +354%GOOG5.5% · +246%OMFL4.5% · +1508%AAPL3.4% · +287%BRK.B3.0% · +178%VIG2.7% · +362%DIA2.5% · +151%GOOGL1.9% · +236%TQQQ1.9% · +15759%MSFT1.7% · +190%RSP1.5% · +398%VTI1.4% · +202%VHT1.1% · +264%META1.0% · +67%IWV1.0% · +390%SPXL0.9% · +4161%GLD0.9% · +293%AVGO0.9% · +290%NVDA0.9% · +480%PANW0.9% · +504%DGRW0.8% · +1090%LLY0.8% · +20%BRK.A0.8% · -100%IEMG0.7% · +1448%YSEP0.6% · +3689%WMT0.6% · +731%FFEB0.6% · +1611%PLTR0.6% · +573%COST0.6% · -2%IEFA0.6% · +1169%JPM0.5% · +238%EEMV0.5% · +1285%TSLA0.5% · +194%GS0.5% · +16%XJUN0.5% · +2200%NAC0.5% · +8590%WFCPL0.5% · -13%VWO0.5% · +1727%SDVY0.4% · +2440%IAU0.4% · +1013%XLF0.4% · +3421%UPRO0.4% · +2712%NAD0.4% · +8699%VTV0.4% · +402%XLV0.4% · +528%IBIT0.4% · +2663%BAC0.4% · +2130%EWJ0.3% · +1128%SPHD0.3% · +1932%V0.3% · +228%GJAN0.3% · +2244%IHI0.3% · +1686%MDY0.3% · +61%C0.3% · +787%UDOW0.3% · newCRM0.3% · +408%SOXL0.3% · +2528%

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

Q1 26 → Q2 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 = 51.2%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 24, 2026.

Assets Under Management
$6.10B
Discretionary
$6.10B
Employees
20
Accounts
38
Address
750 B STREET
SUITE 3010
SAN DIEGO, CA 92101
Phone
(619) 814-1401
Website
Name Title / Status Ownership Type
CHALKER, JOHN, EDWARD ControlOWNER/PARTNER
since Sep 1988
Less than 5%Individual
GORODZINSKY, TOBIAS ControlCHIEF FINANCIAL OFFICER
since Oct 1996
Less than 5%Individual
LM CAPITAL MANAGEMENT INC ControlHOLDING COMPANY
since Apr 2002
75% or moreDomestic Entity
MAIZEL, LUIS ControlSENIOR MANAGING DIRECTOR
since Sep 1988
Less than 5%Individual
MODIANO, MARIO ControlPORTFOLIO MANAGER
since Oct 2004
Less than 5%Individual
CHALKER, MICHAELPORTFOLIO MANAGER
since May 2022
Less than 5%Individual
FRANKEL, JEFFREY, MARCCHIEF COMPLIANCE OFFICER
since Jan 2010
Less than 5%Individual
CHALKER, JOHN, EDWARD Control
Indirect owner via LM CAPITAL MANAGEMENT INC
SHAREHOLDER
since Sep 1988
25–50%Individual
MAIZEL, LUIS Control
Indirect owner via LM CAPITAL MANAGEMENT INC
SHAREHOLDER
since Sep 1988
25–50%Individual
Ownership & leadership changes · 6 filings with changes since Mar 21, 2012

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.

Mar 24, 2026 filing
  • ChangedCHALKER, JOHN, EDWARD · title MANAGING DIRECTOR → OWNER/PARTNER
Mar 18, 2025 filing
  • ChangedCHALKER, MICHAEL · ownership 5–10% → Less than 5%
Mar 22, 2023 filing
  • AddedCHALKER, MICHAEL · PORTFOLIO MANAGER · 5–10%
  • ChangedGORODZINSKY, TOBIAS · title COMPTROLLER → CHIEF FINANCIAL OFFICER
  • ChangedLM CAPITAL MANAGEMENT INC · title MANAGER → HOLDING COMPANY
Mar 30, 2021 filing
  • ChangedCHALKER, JOHN, EDWARD · ownership 25–50% → Less than 5%
  • ChangedGORODZINSKY, TOBIAS · ownership 5–10% → Less than 5%
  • ChangedMAIZEL, LUIS · ownership 25–50% → Less than 5%
  • ChangedMODIANO, MARIO · ownership 5–10% → Less than 5%
Mar 31, 2015 filing
  • ChangedGORODZINSKY, TOBIAS · ownership Less than 5% → 5–10%
  • ChangedMODIANO, MARIO · ownership Less than 5% → 5–10%
Mar 25, 2013 filing
  • ChangedLM CAPITAL MANAGEMENT INC · ownership 50–75% → 75% or more
Mar 21, 2012 filing (earliest on record)
  • ListedCHALKER, JOHN, EDWARD · SHAREHOLDER · 25–50% · indirect via LM CAPITAL MANAGEMENT INC · control person
  • ListedCHALKER, JOHN, EDWARD · MANAGING DIRECTOR · 25–50% · control person
  • ListedFRANKEL, JEFFREY, MARC · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedGORODZINSKY, TOBIAS · COMPTROLLER · Less than 5% · control person
  • ListedLM CAPITAL MANAGEMENT INC · MANAGER · 50–75% · control person
  • ListedMAIZEL, LUIS · SHAREHOLDER · 25–50% · indirect via LM CAPITAL MANAGEMENT INC · control person
  • ListedMAIZEL, LUIS · SENIOR MANAGING DIRECTOR · 25–50% · control person
  • ListedMODIANO, MARIO · PORTFOLIO MANAGER · Less than 5% · 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.

LM Advisors LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 INVESCO QQQ TR UNIT SER 1 QQQ 46090E103 $70.3M 8.11% 95,440 SH
2 VANGUARD INDEX FDS S&P 500 ETF SHS VOO 922908363 $66.2M 7.64% 96,457 SH
3 STATE STR SPDR S&P 500 ETF T TR UNIT SPY 78462F103 $61.1M 7.05% 325,178 SH
4 AMAZON COM INC COM AMZN 023135106 $58.1M 6.70% 243,364 SH
5 ALPHABET INC CAP STK CL C GOOG 02079K107 $47.8M 5.51% 135,276 SH
6 INVESCO EXCH TRD SLF IDX FD RUSL 1000 DYNM OMFL 46138J619 $39.3M 4.54% 574,567 SH
7 APPLE INC COM AAPL 037833100 $29.1M 3.36% 100,835 SH
8 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $26.1M 3.02% 52,278 SH
9 VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG 921908844 $23.8M 2.75% 100,570 SH
10 STATE STR SPDR DOW JONES IND UT SER 1 DIA 78467X109 $22.0M 2.54% 42,166 SH
11 ALPHABET INC CAP STK CL A GOOGL 02079K305 $16.7M 1.93% 46,830 SH
12 PROSHARES TR ULTRAPRO QQQ TQQQ 74347X831 $16.1M 1.86% 198,872 SH
13 MICROSOFT CORP COM MSFT 594918104 $15.2M 1.75% 40,679 SH
14 INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP 46137V357 $13.1M 1.51% 61,567 SH
15 VANGUARD INDEX FDS TOTAL STK MKT VTI 922908769 $12.5M 1.45% 33,873 SH
16 VANGUARD WORLD FD HEALTH CAR ETF VHT 92204A504 $9.3M 1.07% 30,901 SH
17 META PLATFORMS INC CL A META 30303M102 $8.9M 1.02% 15,715 SH
18 ISHARES TR RUSSELL 3000 ETF IWV 464287689 $8.2M 0.95% 19,334 SH
19 DIREXION SHARES ETF TRUST DA 500 BU 3X ETF SPXL 25459W862 $8.2M 0.95% 30,340 SH
20 SPDR GOLD TR GOLD SHS GLD 78463V107 $7.8M 0.90% 21,243 SH
21 BROADCOM INC COM AVGO 11135F101 $7.5M 0.87% 19,974 SH
22 NVIDIA CORPORATION COM NVDA 67066G104 $7.5M 0.86% 37,422 SH
23 PALO ALTO NETWORKS INC COM PANW 697435105 $7.4M 0.86% 21,871 SH
24 WISDOMTREE TR US QTLY DIV GRT DGRW 97717X669 $7.0M 0.81% 73,417 SH
25 ELI LILLY & CO COM LLY 532457108 $6.8M 0.78% 5,649 SH
26 BERKSHIRE HATHAWAY INC DEL CL A BRK.A 084670108 $6.7M 0.78% 9 SH
27 ISHARES INC CORE MSCI EMKT IEMG 46434G103 $5.9M 0.68% 71,507 SH
28 FIRST TR EXCHNG TRADED FD VI FT VEST INT EQ M YSEP 33740U828 $5.5M 0.63% 199,617 SH
29 WALMART INC COM WMT 931142103 $5.4M 0.62% 47,412 SH
30 FIRST TR EXCHNG TRADED FD VI FT VEST US EQT FFEB 33740F763 $5.3M 0.61% 87,276 SH
31 PALANTIR TECHNOLOGIES INC CL A PLTR 69608A108 $5.0M 0.58% 42,778 SH
32 COSTCO WHOLESALE CORPORATION COM COST 22160K105 $5.0M 0.57% 5,258 SH
33 ISHARES TR CORE MSCI EAFE IEFA 46432F842 $4.9M 0.57% 51,023 SH
34 JPMORGAN CHASE & CO COM JPM 46625H100 $4.6M 0.53% 13,918 SH
35 ISHARES INC MSCI EMERG MRKT EEMV 464286533 $4.5M 0.51% 60,239 SH
36 TESLA INC COM TSLA 88160R101 $4.4M 0.50% 10,434 SH
37 GOLDMAN SACHS GROUP INC COM GS 38141G104 $4.2M 0.49% 4,190 SH
38 FIRST TR EXCHNG TRADED FD VI FT VEST U.S XJUN 33740U844 $4.1M 0.47% 92,063 SH
39 NUVEEN CA DIVI ADV MUN COM NAC 67066Y105 $4.1M 0.47% 334,729 SH
40 WELLS FARGO & CO PERP PFD CNV A WFCPL 949746804 $4.0M 0.46% 3,458 SH
41 VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO 922042858 $4.0M 0.46% 66,863 SH
42 FIRST TR EXCHANGE TRADED FD SMID RISNG ETF SDVY 33741X102 $3.8M 0.44% 88,429 SH
43 ISHARES GOLD TR ISHARES NEW IAU 464285204 $3.8M 0.44% 50,452 SH
44 SELECT SECTOR SPDR TR ST STR FINL ETF XLF 81369Y605 $3.7M 0.43% 69,791 SH
45 PROSHARES TR ULTRPRO S&P500 UPRO 74347X864 $3.7M 0.42% 25,898 SH
46 NUVEEN QUALITY MUNCP INCOME COM NAD 67066V101 $3.6M 0.42% 300,845 SH
47 VANGUARD INDEX FDS VALUE ETF VTV 922908744 $3.6M 0.42% 16,586 SH
48 SELECT SECTOR SPDR TR ST STR CARE ETF XLV 81369Y209 $3.6M 0.41% 22,350 SH
49 ISHARES BITCOIN TRUST ETF SHS BEN INT IBIT 46438F101 $3.2M 0.37% 95,285 SH
50 BANK OF AMER CORP COM BAC 060505104 $3.2M 0.36% 55,337 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $866.4M 224 0002011314-26-000003
2026-03-31 2026-05-14 $6.3M 212 0002011314-26-000002
2025-12-31 2026-02-13 $5.6M 210 0002011314-26-000001
2025-09-30 2025-11-13 $694.2M 207 0002011314-25-000008
Filer Information
Address
750 B ST
SUITE 3020
SAN DIEGO, CA 92101
Phone
(619) 814-1400
Filing Manager
LM Advisors LLC
SAN DIEGO, CA
Signatory
Jonathan Chatfield
Chief Compliance Officer