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Livermore
Livermore
ZHEN

1248 Management, LLC

SEC CIK
0002011147
Latest filing
Aug 13, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 18, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
168
+1 vs. Q1 2025
Portfolio value
$270.8M
+$36.8M (+15.7%) vs. Q1 2025
Filed
Aug 18, 2025
SEC
Holdings of 1248 Management, LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PSBDPalmer Square Capital BDC Inc.COM SHS2,954,713$42.5M15.7%00.0%UnchangedHistory
AMZNAmazon Com IncStock85,407$18.7M6.9%00.0%UnchangedHistory
GOOGLAlphabet Inc.Stock95,478$16.8M6.2%−141−0.1%ReducedHistory
MSFTMicrosoft CorpStock32,873$16.4M6.0%−240−0.7%ReducedHistory
JPMJPMorgan Chase & CoStock44,179$12.8M4.7%+32+0.1%AddedHistory
SPYSPDR S&P 500 ETF TrustETF17,033$10.6M3.9%00.0%UnchangedHistory
State Street Industrial Select Sector SPDR ETF81369Y704ETF71,395$10.5M3.9%−100,603−58.5%Reduced–
AAPLApple Inc.Stock48,545$9.96M3.7%+9,836+25.4%AddedHistory
SCHWSchwab Charles CorpStock93,729$8.55M3.2%00.0%UnchangedHistory
NVDANVIDIA CorpStock52,538$8.30M3.1%−5,083−8.8%ReducedHistory
PAYSPaysign, Inc.COM920,000$6.62M2.4%00.0%UnchangedHistory
ORCLOracle CorpStock30,198$6.60M2.4%00.0%UnchangedHistory
TSLATesla, Inc.Stock18,754$5.96M2.2%+16,443+711.5%AddedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF100,604$5.27M1.9%+100,604New–
Invesco QQQ Trust Series I46090E103ETF9,485$5.24M1.9%00.0%Unchanged–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF112,677$4.80M1.8%−37,078−24.8%Reduced–
METAMeta Platforms, Inc.Stock3,729$2.75M1.0%+76+2.1%AddedHistory
PNCPNC Financial Services Group, Inc.Stock14,685$2.74M1.0%+1,700+13.1%AddedHistory
VanEck Semiconductor ETF92189F676ETF9,715$2.71M1.0%00.0%Unchanged–
iShares Core S&P Small Cap ETF464287804ETF23,128$2.53M0.9%−265−1.1%Reduced–
CVXChevron CorpStock15,795$2.26M0.8%+5,700+56.5%AddedHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF37,078$2.20M0.8%+37,078New–
AMDAdvanced Micro Devices IncStock15,300$2.17M0.8%00.0%UnchangedHistory
NOWServiceNow, Inc.Stock1,771$1.82M0.7%00.0%UnchangedHistory
VVisa Inc.Stock5,081$1.80M0.7%−140−2.7%ReducedHistory
AVGOBroadcom Inc.Stock6,239$1.72M0.6%00.0%UnchangedHistory
DHRDanaher CorpStock8,200$1.62M0.6%00.0%UnchangedHistory
LLYEli Lilly & CoStock1,954$1.52M0.6%+24+1.2%AddedHistory
CRMSalesforce, Inc.Stock5,110$1.40M0.5%+4,888+2,201.8%AddedHistory
PANWPalo Alto Networks IncStock6,810$1.39M0.5%00.0%UnchangedHistory
BKNGBooking Holdings Inc.Stock234$1.35M0.5%00.0%UnchangedHistory
URIUnited Rentals, Inc.COM1,795$1.35M0.5%00.0%UnchangedHistory
AZOAutoZone IncCOM356$1.32M0.5%00.0%UnchangedHistory
UBERUber Technologies, IncStock13,895$1.30M0.5%−81,937−85.5%ReducedHistory
KLACKLA CorpCOM NEW1,435$1.29M0.5%00.0%UnchangedHistory
GSGoldman Sachs Group IncStock1,813$1.28M0.5%00.0%UnchangedHistory
BLKBlackRock, Inc.Stock1,221$1.28M0.5%00.0%UnchangedHistory
EWEdwards Lifesciences CorpStock16,200$1.27M0.5%−298−1.8%ReducedHistory
TMUST-Mobile US, Inc.Stock5,295$1.26M0.5%00.0%UnchangedHistory
SNPSSynopsys IncCOM2,444$1.25M0.5%+52+2.2%AddedHistory
GEVGE Vernova Inc.Stock2,331$1.23M0.5%+2,228+2,163.1%AddedHistory
GLWCorning IncCOM23,135$1.22M0.4%00.0%UnchangedHistory
MCHPMicrochip Technology IncStock17,100$1.20M0.4%−461−2.6%ReducedHistory
ABBVAbbVie Inc.Stock6,067$1.13M0.4%00.0%UnchangedHistory
VMCVulcan Materials COCOM4,274$1.11M0.4%00.0%UnchangedHistory
TTWOTake Two Interactive Software IncCOM4,579$1.11M0.4%00.0%UnchangedHistory
ABTAbbott LaboratoriesStock8,092$1.10M0.4%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock1,082$1.07M0.4%00.0%UnchangedHistory
ANETArista Networks, Inc.Stock10,438$1.07M0.4%00.0%UnchangedHistory
RMDResmed IncCOM4,131$1.07M0.4%00.0%UnchangedHistory
BKRBaker Hughes CoCL A27,746$1.06M0.4%−583−2.1%ReducedHistory
UNPUnion Pacific CorpStock4,600$1.06M0.4%−728−13.7%ReducedHistory
GLDSPDR Gold TrustETF3,219$981.2K0.4%00.0%UnchangedHistory
UPSUnited Parcel Service IncStock9,634$972.5K0.4%+1,416+17.2%AddedHistory
MRSHMarsh & McLennan Companies, Inc.Stock4,444$971.6K0.4%00.0%UnchangedHistory
ETNEaton Corp plcStock2,640$942.5K0.3%−55−2.0%ReducedHistory
WCNWaste Connections, Inc.COM4,981$930.1K0.3%+29+0.6%AddedHistory
PLNTPlanet Fitness, Inc.CL A8,376$913.4K0.3%00.0%UnchangedHistory
KRKroger CoStock12,591$903.2K0.3%+3,265+35.0%AddedHistory
SPGIS&P Global Inc.Stock1,674$882.7K0.3%00.0%UnchangedHistory
TJXTJX Companies IncStock6,907$852.9K0.3%−278−3.9%ReducedHistory
NEENextera Energy IncStock12,096$839.7K0.3%00.0%UnchangedHistory
PGProcter & Gamble CoStock5,177$824.8K0.3%00.0%UnchangedHistory
MRKMerck & Co., Inc.Stock10,309$824.4K0.3%−3,856−27.2%ReducedHistory
XYLXylem Inc.COM6,268$810.8K0.3%−165−2.6%ReducedHistory
LOWLowes Companies IncStock3,627$804.7K0.3%00.0%UnchangedHistory
VRTXVertex Pharmaceuticals IncStock1,795$799.1K0.3%00.0%UnchangedHistory
ALBAlbemarle CorpStock12,600$794.4K0.3%+800+6.8%AddedHistory
DGDollar General CorpCOM6,744$771.4K0.3%+6,744NewHistory
AWKAmerican Water Works Company, Inc.Stock5,527$768.9K0.3%−95−1.7%ReducedHistory
MDLZMondelez International, Inc.Stock9,191$624.2K0.2%+9,069+7,433.6%AddedHistory
DKNGDraftKings Inc.Stock13,794$591.6K0.2%00.0%UnchangedHistory
LULUlululemon athletica inc.Stock2,485$590.4K0.2%−742−23.0%ReducedHistory
PSXPhillips 66Stock4,046$482.7K0.2%00.0%UnchangedHistory
SNYSanofiSPONSORED ADR9,344$451.4K0.2%00.0%UnchangedHistory
TEAMAtlassian CorpCL A1,948$395.6K0.1%00.0%UnchangedHistory
Tidal Tr II88636J253DEFIANCE DAILY T9,132$368.6K0.1%+131+1.5%Added–
RIVNRivian Automotive, Inc.Stock26,175$359.6K0.1%00.0%UnchangedHistory
CRWDCrowdStrike Holdings, Inc.Stock697$355.0K0.1%00.0%UnchangedHistory
NDAQNasdaq, Inc.COM3,947$352.9K0.1%00.0%UnchangedHistory
WMTWalmart Inc.Stock2,969$290.3K0.1%00.0%UnchangedHistory
MAMastercard IncStock515$289.4K0.1%00.0%UnchangedHistory
HDHome Depot, Inc.Stock784$287.4K0.1%−56−6.7%ReducedHistory
AMGNAmgen IncStock958$267.5K0.1%−63−6.2%ReducedHistory
CDNSCadence Design Systems IncStock789$243.1K0.1%+297+60.4%AddedHistory
TTTrane Technologies plcSHS553$241.9K0.1%00.0%UnchangedHistory
PEverpure, Inc.CL A3,822$220.1K0.1%+1,930+102.0%AddedHistory
Direxion Shs ETF Tr25459Y694DLY FIN BULL NEW1,300$219.8K0.1%+1,300New–
SYKStryker CorpStock543$215.3K0.1%00.0%UnchangedHistory
LINLinde PLCStock453$212.5K0.1%00.0%UnchangedHistory
LDOSLeidos Holdings, Inc.COM1,250$197.2K0.1%00.0%UnchangedHistory
ProShares Tr74347X831ULTRAPRO QQQ2,300$191.4K0.1%+2,300New–
ACMAecomCOM1,649$186.1K0.1%00.0%UnchangedHistory
PGRProgressive CorpStock592$158.0K0.1%00.0%UnchangedHistory
MCKMcKesson CorpStock150$110.0K<0.1%00.0%UnchangedHistory
MSMorgan StanleyStock713$100.4K<0.1%−296−29.3%ReducedHistory
BRK.BBerkshire Hathaway IncStock205$99.6K<0.1%00.0%UnchangedHistory
Direxion Shs ETF Tr25459W847DLY SMCAP BULL3X2,900$97.7K<0.1%+2,900New–
CMICummins IncStock273$89.4K<0.1%−53−16.3%ReducedHistory
NFLXNetflix IncStock62$83.0K<0.1%00.0%UnchangedHistory

Sold out since Q1 2025 (15)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of 1248 Management, LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
FCXFreeport-McMoran IncStock8,286$313.7K0.1%History
TMOThermo Fisher Scientific Inc.Stock348$173.3K0.1%History
GISGeneral Mills IncStock1,600$95.7K<0.1%History
UNHUnitedHealth Group IncStock154$80.7K<0.1%History
TGTTarget CorpStock441$46.0K<0.1%History
CMGChipotle Mexican Grill IncCOM533$26.8K<0.1%History
XYZBlock, Inc.CL A346$18.8K<0.1%History
EGEverest Group, Ltd.COM48$17.4K<0.1%History
TDToronto Dominion BankStock271$16.2K<0.1%History
EBAYeBay IncCOM228$15.4K<0.1%History
CVSCVS Health CorpStock217$14.7K<0.1%History
STMSTMicroelectronics N.V.NY REGISTRY564$12.4K<0.1%History
CNICanadian National Railway CoStock126$12.3K<0.1%History
VZVerizon Communications IncStock225$10.2K<0.1%History
BMYBristol Myers Squibb CoStock151$9.21K<0.1%History