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KENNICOTT CAPITAL MANAGEMENT LLC

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13F filer, CIK 1863265, LARKSPUR, CA

KENNICOTT CAPITAL MANAGEMENT LLC reported $206,234,900 across 47 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 76.4% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001754960-26-000180

Period
2025-12-31
Reported value
$206M
Holdings
47
Top 10 weight
76.4%
New
1
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
XLKadded+38,446$5.54M
XLYadded+17,829$2.13M
SPYadded+851$580K
VUGadded+1,158$565K
VVadded+1,669$525K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SGOVreduced-33,723-$3.39M
AAPLreduced-2,390-$650K
VBreduced-2,084-$538K
VBKreduced-1,548-$468K
VTIreduced-1,120-$376K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001754960-26-000180, largest first. % of portfolio is the value over $206,234,900, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,659 shares; 2024Q4: 70,369 shares; 2025Q1: 64,146 shares; 2025Q2: 61,612 shares; 2025Q3: 60,966 shares; 2025Q4: 61,468 shares 61,468$37.8M18.31%+502Timeline
VUGVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,564 shares; 2024Q4: 40,045 shares; 2025Q1: 39,952 shares; 2025Q2: 57,674 shares; 2025Q3: 58,470 shares; 2025Q4: 59,628 shares 59,628$29.1M14.11%+1,158Timeline
VVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,465 shares; 2024Q4: 83,703 shares; 2025Q1: 68,618 shares; 2025Q2: 71,211 shares; 2025Q3: 70,887 shares; 2025Q4: 72,556 shares 72,556$22.8M11.08%+1,669Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123,027 shares; 2024Q4: 47,178 shares; 2025Q1: 29,759 shares; 2025Q2: 25,881 shares; 2025Q3: 26,250 shares; 2025Q4: 27,101 shares 27,101$18.5M8.96%+851Timeline
SGOVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 181,496 shares; 2025Q4: 147,773 shares 147,773$14.8M7.19%-33,723Timeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,951 shares; 2024Q4: 38,943 shares; 2025Q1: 38,920 shares; 2025Q2: 38,738 shares; 2025Q3: 38,446 shares; 2025Q4: 76,892 shares 76,892$11.1M5.37%+38,446Timeline
XLVSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,744 shares; 2024Q4: 35,974 shares; 2025Q1: 42,871 shares; 2025Q2: 40,781 shares; 2025Q3: 42,365 shares; 2025Q4: 43,113 shares 43,113$6.67M3.24%+748Timeline
XLISELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,113 shares; 2024Q4: 41,226 shares; 2025Q1: 40,197 shares; 2025Q2: 39,675 shares; 2025Q3: 40,282 shares; 2025Q4: 40,329 shares 40,329$6.26M3.03%+47Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,594 shares; 2024Q4: 15,787 shares; 2025Q1: 4,948 shares; 2025Q2: 8,649 shares; 2025Q3: 8,651 shares; 2025Q4: 8,683 shares 8,683$5.95M2.88%+32Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 84,820 shares; 2024Q4: 85,590 shares; 2025Q1: 112,382 shares; 2025Q2: 78,962 shares; 2025Q3: 83,779 shares; 2025Q4: 84,044 shares 84,044$4.6M2.23%+265Timeline
XLYSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,818 shares; 2024Q4: 21,357 shares; 2025Q1: 21,281 shares; 2025Q2: 20,770 shares; 2025Q3: 20,401 shares; 2025Q4: 38,230 shares 38,230$4.57M2.21%+17,829Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,103 shares; 2024Q4: 12,103 shares; 2025Q1: 18,564 shares; 2025Q2: 19,329 shares; 2025Q3: 19,949 shares; 2025Q4: 20,573 shares 20,573$3.94M1.91%+624Timeline
VTVVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,496 shares; 2024Q4: 20,356 shares; 2025Q1: 16,167 shares; 2025Q2: 15,909 shares; 2025Q3: 15,865 shares; 2025Q4: 17,581 shares 17,581$3.36M1.63%+1,716Timeline
RSPTINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,882 shares; 2024Q4: 72,913 shares; 2025Q1: 71,833 shares; 2025Q2: 71,944 shares; 2025Q3: 71,444 shares; 2025Q4: 71,444 shares 71,444$3.25M1.58%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,767 shares; 2024Q4: 14,767 shares; 2025Q1: 14,198 shares; 2025Q2: 14,198 shares; 2025Q3: 14,198 shares; 2025Q4: 11,808 shares 11,808$3.21M1.56%-2,390Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,958 shares; 2024Q4: 12,923 shares; 2025Q1: 10,013 shares; 2025Q2: 10,013 shares; 2025Q3: 9,730 shares; 2025Q4: 8,610 shares 8,610$2.89M1.4%-1,120Timeline
IYFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,428 shares; 2025Q3: 17,658 shares; 2025Q4: 17,658 shares 17,658$2.28M1.1%0Timeline
VFHVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,510 shares; 2024Q4: 14,510 shares; 2025Q1: 14,510 shares; 2025Q2: 14,510 shares; 2025Q3: 14,510 shares; 2025Q4: 15,667 shares 15,667$2.09M1.01%+1,157Timeline
XLPSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,321 shares; 2024Q4: 16,754 shares; 2025Q1: 24,061 shares; 2025Q2: 25,281 shares; 2025Q3: 25,995 shares; 2025Q4: 26,212 shares 26,212$2.04M0.99%+217Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 305,484 shares; 2024Q4: 305,484 shares; 2025Q1: 35,484 shares; 2025Q2: 35,461 shares; 2025Q3: 24,926 shares; 2025Q4: 24,926 shares 24,926$2.02M0.98%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,730 shares; 2024Q4: 9,730 shares; 2025Q1: 9,730 shares; 2025Q2: 9,730 shares; 2025Q3: 9,730 shares; 2025Q4: 9,730 shares 9,730$1.81M0.88%0Timeline
QQQMINVESCO EXCH TRADED FD TR IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 32,963 shares; 2025Q2: 6,580 shares; 2025Q3: 6,914 shares; 2025Q4: 7,119 shares 7,119$1.8M0.87%+205Timeline
VCRVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,308 shares; 2024Q4: 4,308 shares; 2025Q1: 4,308 shares; 2025Q2: 4,308 shares; 2025Q3: 4,308 shares; 2025Q4: 4,308 shares 4,308$1.7M0.82%0Timeline
IYHISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,490 shares; 2024Q4: 15,740 shares; 2025Q1: 15,740 shares; 2025Q2: 20,910 shares; 2025Q3: 20,910 shares; 2025Q4: 20,910 shares 20,910$1.36M0.66%0Timeline
VBVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,719 shares; 2024Q4: 12,286 shares; 2025Q1: 10,165 shares; 2025Q2: 8,227 shares; 2025Q3: 7,263 shares; 2025Q4: 5,179 shares 5,179$1.34M0.65%-2,084Timeline
IYJISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,484 shares; 2025Q3: 8,055 shares; 2025Q4: 8,055 shares 8,055$1.19M0.58%0Timeline
DOCSDOXIMITY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: 20,000 shares; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares; 2025Q3: 20,000 shares; 2025Q4: 20,000 shares 20,000$886K0.43%0Timeline
VBKVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,117 shares; 2024Q4: 4,709 shares; 2025Q1: 4,709 shares; 2025Q2: 4,709 shares; 2025Q3: 4,251 shares; 2025Q4: 2,703 shares 2,703$817K0.4%-1,548Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,820 shares; 2024Q4: 2,820 shares; 2025Q1: 2,580 shares; 2025Q2: 2,580 shares; 2025Q3: 2,580 shares; 2025Q4: 2,580 shares 2,580$808K0.39%0Timeline
IWOISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,703 shares; 2024Q4: 4,704 shares; 2025Q1: 2,583 shares; 2025Q2: 2,583 shares; 2025Q3: 2,416 shares; 2025Q4: 2,216 shares 2,216$716K0.35%-200Timeline
BXMTBLACKSTONE MORTGAGE TRUST INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,233 shares; 2025Q2: 24,233 shares; 2025Q3: 35,529 shares; 2025Q4: 36,450 shares 36,450$697K0.34%+921Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,335 shares; 2024Q4: 3,335 shares; 2025Q1: 3,335 shares; 2025Q2: 3,335 shares; 2025Q3: 3,195 shares; 2025Q4: 2,795 shares 2,795$645K0.31%-400Timeline
VOVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,168 shares; 2024Q4: 2,168 shares; 2025Q1: 2,168 shares; 2025Q2: 2,168 shares; 2025Q3: 2,061 shares; 2025Q4: 1,925 shares 1,925$559K0.27%-136Timeline
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 27,240 shares 27,240$491K0.24%newTimeline
VOTVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,739 shares; 2024Q4: 1,739 shares; 2025Q1: 1,739 shares; 2025Q2: 1,739 shares; 2025Q3: 1,739 shares; 2025Q4: 1,739 shares 1,739$485K0.24%0Timeline
VISVANGUARD WORLD FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,344 shares; 2024Q4: 1,344 shares; 2025Q1: 4,572 shares; 2025Q2: 1,344 shares; 2025Q3: 1,344 shares; 2025Q4: 1,624 shares 1,624$485K0.23%+280Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 669 shares; 2024Q4: 669 shares; 2025Q1: 669 shares; 2025Q2: 669 shares; 2025Q3: 669 shares; 2025Q4: 669 shares 669$442K0.21%0Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,400 shares; 2025Q3: 2,400 shares; 2025Q4: 2,400 shares 2,400$411K0.2%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 942 shares; 2024Q4: 942 shares; 2025Q1: 756 shares; 2025Q2: 766 shares; 2025Q3: 755 shares; 2025Q4: 755 shares 755$365K0.18%0Timeline
IVWISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,748 shares; 2024Q4: 13,748 shares; 2025Q1: 3,124 shares; 2025Q2: 2,724 shares; 2025Q3: 2,724 shares; 2025Q4: 2,724 shares 2,724$336K0.16%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 960 shares; 2025Q4: 960 shares 960$301K0.15%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,675 shares; 2024Q4: 3,675 shares; 2025Q1: 3,675 shares; 2025Q2: 3,675 shares; 2025Q3: 3,675 shares; 2025Q4: 3,675 shares 3,675$300K0.15%0Timeline
IWMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,312 shares; 2024Q4: 1,312 shares; 2025Q1: 1,312 shares; 2025Q2: 1,312 shares; 2025Q3: 1,242 shares; 2025Q4: 1,083 shares 1,083$267K0.13%-159Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 730 shares; 2025Q3: 730 shares; 2025Q4: 730 shares 730$253K0.12%0Timeline
XLCSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,077 shares; 2025Q1: 2,077 shares; 2025Q2: 2,077 shares; 2025Q3: 2,077 shares; 2025Q4: 2,077 shares 2,077$245K0.12%0Timeline
VOEVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,599 shares; 2024Q4: 1,439 shares; 2025Q1: 1,439 shares; 2025Q2: 1,439 shares; 2025Q3: 1,439 shares; 2025Q4: 1,181 shares 1,181$209K0.1%-258Timeline
NADNUVEEN QUALITY MUNCP INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,000 shares; 2024Q4: 15,000 shares; 2025Q1: 15,000 shares; 2025Q2: 15,000 shares; 2025Q3: 15,000 shares; 2025Q4: 10,418 shares 10,418$125K0.06%-4,582Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
GBTCGRAYSCALE BITCOIN TRUST ETF2,601$233Kshares
VWOVANGUARD INTL EQUITY INDEX F4,013$217Kshares
IWFISHARES TR459$215Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001754960-26-000180 base2026-02-13acceptance time not in the bulk data set