RMR Capital Management, LLC — 13F Holdings & Portfolio
CIK 2032709 · latest 13F-HR filed 2026-10-23
RMR Capital Management, LLC manages $142.9M in 13F-reported U.S. long-equity assets across 74 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are BRK.B (17.45%), SGOV (8.64%), GOOGL (4.02%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 3 new positions and exited 5; 12 existing positions rose in reported value and 19 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.
Loading holdings…
AUM
$142.9M
Long-equity book
Holdings
74
Distinct positions
Period
2026-09-30
Filed 2026-10-23
Q/Q Activity
+3 / −5 / ↑12 / ↓19
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26BRK.B17.5% · -0%SGOV8.6% · +1%GOOGL4.0% · 0%TSLX3.7% · +5%RSP3.7% · +0%SYFI3.1% · +2%BRK.A2.6% · 0%SPSM2.4% · +2%COST2.3% · 0%BINC2.3% · +2%JOE2.0% · 0%CASH1.9% · 0%VOE1.8% · +0%PFF1.8% · -2%QUAL1.7% · 0%RTX1.7% · 0%ABBV1.7% · 0%VBR1.7% · +0%VCIT1.6% · 0%VO1.5% · +3%JNJ1.5% · -5%PYLD1.5% · -0%MSFT1.5% · 0%WMT1.3% · -2%JPM1.3% · 0%AXP1.3% · -3%GOOG1.3% · 0%RPV1.2% · +0%AAPL1.2% · 0%SCHW1.2% · 0%V1.1% · 0%GS1.1% · 0%MCD1.0% · 0%SKYH0.9% · +4%AMZN0.9% · 0%GLD0.9% · 0%IVV0.8% · 0%GD0.8% · 0%CSX0.8% · 0%IGLB0.7% · +8%BFOR0.7% · +300%FTA0.7% · -5%HYBB0.6% · +1%NVDA0.6% · 0%HQI0.5% · 0%ABT0.5% · 0%SPY0.4% · +12%KO0.4% · 0%BRO0.4% · 0%NNI0.4% · 0%SPLB0.3% · 0%CB0.3% · 0%DTD0.3% · 0%VYM0.3% · 0%AJG0.3% · 0%ITA0.3% · 0%IJR0.3% · 0%PLTR0.2% · 0%PAYX0.2% · 0%MKL0.2% · 0%
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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated 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
5 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 50.2%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Dec 21, 2020.
Assets Under Management
$276.6M
Discretionary
$276.6M
Employees
10
Accounts
1
Address
255 WASHINGTON STREET
SUITE 300
NEWTON, MA 02458
SUITE 300
NEWTON, MA 02458
Phone
(617) 332-9530
Website
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CLARK, JENNIFER, BABBIN Control | DIRECTOR, PRESIDENT, CHIEF EXECUTIVE OFFICER, GENERAL COUNSEL & SECRETARY since Jul 2002 | Less than 5% | Individual |
| DIAZ, FERNANDO Control | VICE PRESIDENT since May 2007 | Less than 5% | Individual |
| JORDAN, MATTHEW, PAUL Control | DIRECTOR, EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER & TREASURER since Oct 2017 | Less than 5% | Individual |
| LANOIS, GERALD, DOUGLAS Control | SENIOR VICE PRESIDENT since May 2020 | Less than 5% | Individual |
| LARKIN, VERN, DAVID Control | CHIEF COMPLIANCE OFFICER & DIRECTOR OF INTERNAL AUDIT since Mar 2012 | Less than 5% | Individual |
| PORTNOY, ADAM, DAVID Control | DIRECTOR since May 2007 | Less than 5% | Individual |
| THE RMR GROUP LLC Control | SOLE MEMBER since Jun 2015 | 75% or more | Domestic Entity |
| PORTNOY, ADAM, DAVID Control Indirect owner via ABP TRUST | TRUSTEE AND OWNER since Jun 2015 | 75% or more | Individual |
| THE RMR GROUP INC. Control Indirect owner via THE RMR GROUP LLC | CLASS B MANAGING MEMBER AND CLASS A MEMBER since Jun 2015 | 50–75% | Domestic Entity |
| ABP TRUST Indirect owner via THE RMR GROUP LLC | CLASS A MEMBER since Jun 2015 | 25–50% | Domestic Entity |
Ownership & leadership changes · 11 filings with changes since Dec 9, 2011
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.
Dec 21, 2020 filing
- AddedLANOIS, GERALD, DOUGLAS · SENIOR VICE PRESIDENT · Less than 5% · control person
- ChangedCLARK, JENNIFER, BABBIN · title DIRECTOR, PRESIDENT, CHIEF EXECUTIVE OFFICER & SECRETARY → DIRECTOR, PRESIDENT, CHIEF EXECUTIVE OFFICER, GENERAL COUNSEL & SECRETARY
Dec 13, 2019 filing
- No longer listedKLEIFGES, MARK, LAWRENCE · EMPLOYEE · Less than 5% · listed since Jan 2019
- No longer listedPortnoy, Diane · SHAREHOLDER · 25–50% · indirect via ABP TRUST · listed since Apr 2018
- ChangedPORTNOY, ADAM, DAVID · indirect via ABP TRUST: ownership 50–75% → 75% or more
Dec 16, 2018 filing
- ChangedCLARK, JENNIFER, BABBIN · title DIRECTOR, SECRETARY, GENERAL COUNSEL & EXECUTIVE VICE PRESIDENT → DIRECTOR, PRESIDENT, CHIEF EXECUTIVE OFFICER & SECRETARY
- ChangedJORDAN, MATTHEW, PAUL · title EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER & TREASURER → DIRECTOR, EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER & TREASURER
- ChangedKLEIFGES, MARK, LAWRENCE · title PRESIDENT & CHIEF EXECUTIVE OFFICER → EMPLOYEE; no longer a control person
- ChangedLARKIN, VERN, DAVID · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER & DIRECTOR OF INTERNAL AUDIT
Jun 7, 2018 filing
- No longer listedPORTNOY, BARRY, MICHAEL · TRUSTEE AND OWNER · 50–75% · indirect via ABP TRUST · control person · listed since Jun 2015
Jun 6, 2018 filing
- No longer listedPORTNOY, BARRY, MICHAEL · DIRECTOR & CHAIRMAN · Less than 5% · control person · listed since Jul 2002
- AddedPortnoy, Diane · SHAREHOLDER · 25–50% · indirect via ABP TRUST
- ChangedPORTNOY, ADAM, DAVID · indirect via ABP TRUST: ownership 25–50% → 50–75%
Dec 5, 2017 filing
- AddedJORDAN, MATTHEW, PAUL · EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER & TREASURER · Less than 5% · control person
- ChangedCLARK, JENNIFER, BABBIN · title DIRECTOR, SECRETARY & VICE PRESIDENT → DIRECTOR, SECRETARY, GENERAL COUNSEL & EXECUTIVE VICE PRESIDENT
- ChangedKLEIFGES, MARK, LAWRENCE · title TREASURER & CHIEF FINANCIAL OFFICER → PRESIDENT & CHIEF EXECUTIVE OFFICER
- ChangedPORTNOY, ADAM, DAVID · title PRESIDENT, DIRECTOR AND CHIEF EXECUTIVE OFFICER → DIRECTOR
- ChangedPORTNOY, BARRY, MICHAEL · title DIRECTOR, CHAIRMAN AND VICE PRESIDENT → DIRECTOR & CHAIRMAN
Dec 13, 2016 filing
- No longer listedPORTNOY, ADAM, DAVID · TRUSTEE AND OWNER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH TRUST · control person · listed since Jun 2015
- No longer listedPORTNOY, BARRY, MICHAEL · TRUSTEE AND OWNER · 50–75% · indirect via REIT MANAGEMENT & RESEARCH TRUST · control person · listed since Jun 2015
- No longer listedREIT MANAGEMENT & RESEARCH TRUST · CLASS A MEMBER · 25–50% · indirect via THE RMR GROUP LLC · listed since Jun 2015
- AddedABP TRUST · CLASS A MEMBER · 25–50% · indirect via THE RMR GROUP LLC
- AddedPORTNOY, ADAM, DAVID · TRUSTEE AND OWNER · 25–50% · indirect via ABP TRUST · control person
- AddedPORTNOY, BARRY, MICHAEL · TRUSTEE AND OWNER · 50–75% · indirect via ABP TRUST · control person
- ChangedCLARK, JENNIFER, BABBIN · title SECRETARY & VICE PRESIDENT → DIRECTOR, SECRETARY & VICE PRESIDENT
- ChangedPORTNOY, BARRY, MICHAEL · title DIRECTOR → DIRECTOR, CHAIRMAN AND VICE PRESIDENT
Dec 15, 2015 filing
- No longer listedHOSPITALITY PROPERTIES TRUST · CLASS A SHAREHOLDER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH INC. · listed since Jun 2015
- No longer listedREIT MANAGEMENT & RESEARCH INC. · CLASS B MANAGING MEMBER AND CLASS A MEMBER · 50–75% · indirect via REIT MANAGEMENT & RESEARCH LLC · control person · listed since Jun 2015
- No longer listedREIT MANAGEMENT & RESEARCH LLC · SOLE MEMBER · 75% or more · control person · listed since Jun 2015
- No longer listedREIT MANAGEMENT & RESEARCH TRUST · CLASS A MEMBER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH LLC · listed since Jun 2015
- No longer listedREIT MANAGEMENT & RESEARCH TRUST · CLASS B SHAREHOLDER · 75% or more · indirect via REIT MANAGEMENT & RESEARCH INC. · control person · listed since Jun 2015
- No longer listedSENIOR HOUSING PROPERTIES TRUST · CLASS A SHAREHOLDER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH INC · listed since Jun 2015
- AddedREIT MANAGEMENT & RESEARCH TRUST · CLASS A MEMBER · 25–50% · indirect via THE RMR GROUP LLC
- AddedTHE RMR GROUP INC. · CLASS B MANAGING MEMBER AND CLASS A MEMBER · 50–75% · indirect via THE RMR GROUP LLC · control person
- AddedTHE RMR GROUP LLC · SOLE MEMBER · 75% or more · control person
Jun 26, 2015 filing
- No longer listedMARTIN, GERARD, MICHAEL · DIRECTOR · Less than 5% · control person · listed since May 2005
- AddedHOSPITALITY PROPERTIES TRUST · CLASS A SHAREHOLDER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH INC.
- AddedPORTNOY, ADAM, DAVID · TRUSTEE AND OWNER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH TRUST · control person
- AddedPORTNOY, BARRY, MICHAEL · TRUSTEE AND OWNER · 50–75% · indirect via REIT MANAGEMENT & RESEARCH TRUST · control person
- AddedREIT MANAGEMENT & RESEARCH INC. · CLASS B MANAGING MEMBER AND CLASS A MEMBER · 50–75% · indirect via REIT MANAGEMENT & RESEARCH LLC · control person
- AddedREIT MANAGEMENT & RESEARCH LLC · SOLE MEMBER · 75% or more · control person
- AddedREIT MANAGEMENT & RESEARCH TRUST · CLASS A MEMBER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH LLC
- AddedREIT MANAGEMENT & RESEARCH TRUST · CLASS B SHAREHOLDER · 75% or more · indirect via REIT MANAGEMENT & RESEARCH INC. · control person
- AddedSENIOR HOUSING PROPERTIES TRUST · CLASS A SHAREHOLDER · 25–50% · indirect via REIT MANAGEMENT & RESEARCH INC
- ChangedCLARK, JENNIFER, BABBIN · title SECRETARY → SECRETARY & VICE PRESIDENT
- ChangedKLEIFGES, MARK, LAWRENCE · title TREASURER → TREASURER & CHIEF FINANCIAL OFFICER
- ChangedPORTNOY, ADAM, DAVID · title PRESIDENT, DIRECTOR AND OWNER → PRESIDENT, DIRECTOR AND CHIEF EXECUTIVE OFFICER; ownership 25–50% → Less than 5%
- ChangedPORTNOY, BARRY, MICHAEL · title CHAIRMAN, OWNER, DIRECTOR & VICE PRESIDENT → DIRECTOR; ownership 50–75% → Less than 5%
Nov 20, 2014 filing
- No longer listedJACOPPOWOOD, KAREN, ANN · VICE PRESIDENT · Less than 5% · control person · listed since May 2007
Older changes (2 more filings)
Mar 21, 2012 filing
- No longer listedSHEEHAN, WILLIAM, J · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Sep 2004
- AddedLARKIN, VERN, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ChangedPORTNOY, ADAM, DAVID · title PRESIDENT & DIRECTOR → PRESIDENT, DIRECTOR AND OWNER
Dec 9, 2011 filing (earliest on record)
- ListedCLARK, JENNIFER, BABBIN · SECRETARY · Less than 5% · control person
- ListedDIAZ, FERNANDO · VICE PRESIDENT · Less than 5% · control person
- ListedJACOPPOWOOD, KAREN, ANN · VICE PRESIDENT · Less than 5% · control person
- ListedKLEIFGES, MARK, LAWRENCE · TREASURER · Less than 5% · control person
- ListedMARTIN, GERARD, MICHAEL · DIRECTOR · Less than 5% · control person
- ListedPORTNOY, ADAM, DAVID · PRESIDENT & DIRECTOR · 25–50% · control person
- ListedPORTNOY, BARRY, MICHAEL · CHAIRMAN, OWNER, DIRECTOR & VICE PRESIDENT · 50–75% · control person
- ListedSHEEHAN, WILLIAM, J · CHIEF COMPLIANCE OFFICER · 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.
Top Adds (vs prior quarter)
- MICROSOFT CORP$574.5K +37.5%
- SIXTH STREET SPECIALTY LENDI$474.2K +9.7%
- HIREQUEST INC$234.0K +52.3%
- APPLE INC$218.6K +15.1%
- ST JOE CO$135.3K +5.0%
Top Trims
- PATHWARD FINANCIAL INC-$622.1K -18.3%
- AMERICAN EXPRESS CO-$267.6K -12.6%
- SPDR SERIES TRUST-$247.7K -6.7%
- MCDONALDS CORP-$237.8K -14.6%
- WALMART INC-$215.6K -10.1%
New Positions
- FIDELITY WISE ORIGIN BITCOIN$269.4K
- PHILLIPS 66$244.6K
- PALO ALTO NETWORKS INC$220.9K
Exited Positions
- LIQUIDIA CORPORATION$830.4K
- GLASS HOUSE BRANDS INC$374.4K
- AMRIZE LTD$274.7K
- REAVES UTIL INCOME FD$218.8K
- NORTHROP GRUMMAN CORP$203.2K
RMR Capital Management, LLC Holdings (2026-09-30)
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 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $24.9M | 17.45% | 50,091 | SH |
| 2 | ISHARES TR | SGOV | 46436E718 | $12.4M | 8.64% | 122,718 | SH |
| 3 | ALPHABET INC | GOOGL | 02079K305 | $5.7M | 4.02% | 16,703 | SH |
| 4 | SIXTH STREET SPECIALTY LENDI | TSLX | 83012A109 | $5.3M | 3.74% | 296,517 | SH |
| 5 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $5.2M | 3.67% | 25,201 | SH |
| 6 | AB ACTIVE ETFS INC | SYFI | 00039J830 | $4.4M | 3.09% | 126,624 | SH |
| 7 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $3.7M | 2.61% | 5 | SH |
| 8 | SPDR SERIES TRUST | SPSM | 78468R853 | $3.4M | 2.40% | 64,911 | SH |
| 9 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $3.3M | 2.31% | 3,627 | SH |
| 10 | BLACKROCK ETF TRUST II | BINC | 092528603 | $3.3M | 2.28% | 64,137 | SH |
| 11 | ST JOE CO | JOE | 790148100 | $2.8M | 1.98% | 42,964 | SH |
| 12 | PATHWARD FINANCIAL INC | CASH | 59100U108 | $2.8M | 1.94% | 39,077 | SH |
| 13 | VANGUARD INDEX FDS | VOE | 922908512 | $2.5M | 1.78% | 12,981 | SH |
| 14 | ISHARES TR | PFF | 464288687 | $2.5M | 1.77% | 85,928 | SH |
| 15 | ISHARES TR | QUAL | 46432F339 | $2.4M | 1.70% | 10,920 | SH |
| 16 | RTX CORPORATION | RTX | 75513E101 | $2.4M | 1.70% | 13,059 | SH |
| 17 | ABBVIE INC | ABBV | 00287Y109 | $2.4M | 1.69% | 9,212 | SH |
| 18 | VANGUARD INDEX FDS | VBR | 922908611 | $2.4M | 1.66% | 10,270 | SH |
| 19 | VANGUARD SCOTTSDALE FDS | VCIT | 92206C870 | $2.3M | 1.61% | 29,435 | SH |
| 20 | VANGUARD INDEX FDS | VO | 922908629 | $2.2M | 1.53% | 27,831 | SH |
| 21 | JOHNSON & JOHNSON | JNJ | 478160104 | $2.1M | 1.50% | 8,080 | SH |
| 22 | PIMCO ETF TR | PYLD | 72201R585 | $2.1M | 1.49% | 83,706 | SH |
| 23 | MICROSOFT CORP | MSFT | 594918104 | $2.1M | 1.47% | 4,107 | SH |
| 24 | WALMART INC | WMT | 931142103 | $1.9M | 1.34% | 18,452 | SH |
| 25 | JPMORGAN CHASE & CO | JPM | 46625H100 | $1.9M | 1.31% | 5,677 | SH |
| 26 | AMERICAN EXPRESS CO | AXP | 025816109 | $1.8M | 1.29% | 6,083 | SH |
| 27 | ALPHABET INC | GOOG | 02079K107 | $1.8M | 1.26% | 5,280 | SH |
| 28 | INVESCO EXCHANGE TRADED FD T | RPV | 46137V258 | $1.8M | 1.24% | 15,430 | SH |
| 29 | APPLE INC | AAPL | 037833100 | $1.7M | 1.17% | 5,006 | SH |
| 30 | CHARLES SCHWAB CORP (THE) | SCHW | 808513105 | $1.6M | 1.15% | 16,845 | SH |
| 31 | VISA INC | V | 92826C839 | $1.6M | 1.10% | 4,362 | SH |
| 32 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $1.5M | 1.07% | 1,696 | SH |
| 33 | MCDONALDS CORP | MCD | 580135101 | $1.4M | 0.98% | 6,039 | SH |
| 34 | SKY HARBOUR GROUP CORPORATIO | SKYH | 83085C107 | $1.3M | 0.90% | 136,258 | SH |
| 35 | AMAZON COM INC | AMZN | 023135106 | $1.3M | 0.89% | 5,129 | SH |
| 36 | SPDR GOLD TR | GLD | 78463V107 | $1.2M | 0.86% | 3,231 | SH |
| 37 | ISHARES TR | IVV | 464287200 | $1.1M | 0.80% | 1,498 | SH |
| 38 | GENERAL DYNAMICS CORP | GD | 369550108 | $1.1M | 0.78% | 3,357 | SH |
| 39 | CSX CORP | CSX | 126408103 | $1.1M | 0.76% | 23,208 | SH |
| 40 | ISHARES TR | IGLB | 464289511 | $1.1M | 0.74% | 23,295 | SH |
| 41 | ALPS ETF TR | BFOR | 00162Q726 | $1.0M | 0.71% | 44,429 | SH |
| 42 | FIRST TR EXCHANGE-TRADED ALP | FTA | 33735J101 | $1.0M | 0.71% | 10,580 | SH |
| 43 | ISHARES TR | HYBB | 46435U473 | $856.6K | 0.60% | 19,010 | SH |
| 44 | NVIDIA CORPORATION | NVDA | 67066G104 | $796.4K | 0.56% | 3,487 | SH |
| 45 | HIREQUEST INC | HQI | 433535101 | $681.3K | 0.48% | 35,614 | SH |
| 46 | ABBOTT LABORATORIES | ABT | 002824100 | $653.6K | 0.46% | 6,613 | SH |
| 47 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $641.6K | 0.45% | 841 | SH |
| 48 | COCA COLA CO | KO | 191216100 | $598.9K | 0.42% | 6,957 | SH |
| 49 | BROWN & BROWN INC | BRO | 115236101 | $590.2K | 0.41% | 9,692 | SH |
| 50 | NELNET INC | NNI | 64031N108 | $519.8K | 0.36% | 4,223 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-23 | $142.9M | 74 | 0001172661-26-004670 |
| 2026-06-30 | 2026-07-27 | $145.2M | 76 | 0001172661-26-002833 |
| 2026-03-31 | 2026-05-20 | $138.5M | 75 | 0001172661-26-002432 |
| 2025-12-31 | 2026-02-12 | $139.0M | 74 | 0001172661-26-000665 |
| 2025-09-30 | 2025-11-03 | $143.2M | 80 | 0001172661-25-004554 |
Filer Information
Address
14471 CHAMBERS ROADSUITE 208
TUSTIN, CA 92780
Phone
(714) 486-1459
Filing Manager
RMR Capital Management, LLC
Tustin, CA
Signatory
David Van Overeem
MANAGING MEMBER