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Livermore
Livermore
ZHEN

1248 Management, LLC

SEC CIK
0002011147
Latest filing
Aug 13, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
156
−12 vs. Q2 2025
Portfolio value
$177.3M
−$93.5M (−34.5%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of 1248 Management, LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PSBDPalmer Square Capital BDC Inc.COM SHS2,954,713$37.5M21.2%00.0%UnchangedHistory
GOOGLAlphabet Inc.Stock51,829$12.6M7.1%−43,649−45.7%ReducedHistory
JPMJPMorgan Chase & CoStock33,270$10.5M5.9%−10,909−24.7%ReducedHistory
AMZNAmazon Com IncStock46,583$10.2M5.8%−38,824−45.5%ReducedHistory
MSFTMicrosoft CorpStock18,662$9.67M5.5%−14,211−43.2%ReducedHistory
SCHWSchwab Charles CorpStock93,729$8.95M5.0%00.0%UnchangedHistory
NVDANVIDIA CorpStock45,429$8.48M4.8%−7,109−13.5%ReducedHistory
ORCLOracle CorpStock28,986$8.15M4.6%−1,212−4.0%ReducedHistory
PAYSPaysign, Inc.COM920,000$5.79M3.3%00.0%UnchangedHistory
Tidal Trust I886364231FUND GRAN US ETF219,427$5.48M3.1%+219,427New–
AAPLApple Inc.Stock17,746$4.52M2.5%−30,799−63.4%ReducedHistory
METAMeta Platforms, Inc.Stock2,567$1.89M1.1%−1,162−31.2%ReducedHistory
AVGOBroadcom Inc.Stock5,186$1.71M1.0%−1,053−16.9%ReducedHistory
DHRDanaher CorpStock8,200$1.63M0.9%00.0%UnchangedHistory
GLWCorning IncCOM17,452$1.43M0.8%−5,683−24.6%ReducedHistory
NOWServiceNow, Inc.Stock1,370$1.26M0.7%−401−22.6%ReducedHistory
CRMSalesforce, Inc.Stock5,110$1.21M0.7%00.0%UnchangedHistory
LLYEli Lilly & CoStock1,515$1.16M0.7%−439−22.5%ReducedHistory
ABBVAbbVie Inc.Stock4,902$1.14M0.6%−1,165−19.2%ReducedHistory
GEVGE Vernova Inc.Stock1,825$1.12M0.6%−506−21.7%ReducedHistory
KLACKLA CorpCOM NEW1,024$1.10M0.6%−411−28.6%ReducedHistory
ANETArista Networks, Inc.Stock7,499$1.09M0.6%−2,939−28.2%ReducedHistory
UNPUnion Pacific CorpStock4,600$1.09M0.6%00.0%UnchangedHistory
AZOAutoZone IncCOM253$1.09M0.6%−103−28.9%ReducedHistory
GSGoldman Sachs Group IncStock1,315$1.05M0.6%−498−27.5%ReducedHistory
PANWPalo Alto Networks IncStock5,073$1.03M0.6%−1,737−25.5%ReducedHistory
BLKBlackRock, Inc.Stock883$1.03M0.6%−338−27.7%ReducedHistory
TDYTeledyne Technologies IncCOM1,744$1.02M0.6%+1,744NewHistory
VVisa Inc.Stock2,963$1.01M0.6%−2,118−41.7%ReducedHistory
TMUST-Mobile US, Inc.Stock4,180$1.00M0.6%−1,115−21.1%ReducedHistory
CDNSCadence Design Systems IncStock2,827$993.0K0.6%+2,038+258.3%AddedHistory
UBERUber Technologies, IncStock10,121$991.6K0.6%−3,774−27.2%ReducedHistory
BKRBaker Hughes CoCL A20,073$978.0K0.6%−7,673−27.7%ReducedHistory
NEENextera Energy IncStock12,096$913.1K0.5%00.0%UnchangedHistory
ABTAbbott LaboratoriesStock6,689$895.9K0.5%−1,403−17.3%ReducedHistory
BKNGBooking Holdings Inc.Stock163$880.1K0.5%−71−30.3%ReducedHistory
TSLATesla, Inc.Stock1,857$825.8K0.5%−16,897−90.1%ReducedHistory
RMDResmed IncCOM2,972$813.5K0.5%−1,159−28.1%ReducedHistory
UPSUnited Parcel Service IncStock9,634$804.7K0.5%00.0%UnchangedHistory
BSXBoston Scientific CorpStock8,224$802.9K0.5%+7,878+2,276.9%AddedHistory
ALBAlbemarle CorpStock9,800$799.7K0.5%−2,800−22.2%ReducedHistory
PNCPNC Financial Services Group, Inc.Stock3,879$779.4K0.4%−10,806−73.6%ReducedHistory
COSTCostco Wholesale CorpStock790$731.2K0.4%−292−27.0%ReducedHistory
TELTE Connectivity plcStock3,312$727.1K0.4%+3,312NewHistory
ETNEaton Corp plcStock1,908$714.1K0.4%−732−27.7%ReducedHistory
TJXTJX Companies IncStock4,920$711.1K0.4%−1,987−28.8%ReducedHistory
CCitigroup IncStock6,976$708.1K0.4%+6,976NewHistory
URIUnited Rentals, Inc.COM741$707.4K0.4%−1,054−58.7%ReducedHistory
XYLXylem Inc.COM4,474$659.9K0.4%−1,794−28.6%ReducedHistory
LOWLowes Companies IncStock2,614$656.9K0.4%−1,013−27.9%ReducedHistory
PGProcter & Gamble CoStock4,150$637.6K0.4%−1,027−19.8%ReducedHistory
WCNWaste Connections, Inc.COM3,551$624.3K0.4%−1,430−28.7%ReducedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR2,208$619.1K0.3%+1,943+733.2%AddedHistory
PLNTPlanet Fitness, Inc.CL A5,958$618.4K0.3%−2,418−28.9%ReducedHistory
KRKroger CoStock8,986$605.7K0.3%−3,605−28.6%ReducedHistory
SPGIS&P Global Inc.Stock1,195$581.6K0.3%−479−28.6%ReducedHistory
PSXPhillips 66Stock4,046$550.3K0.3%00.0%UnchangedHistory
AWKAmerican Water Works Company, Inc.Stock3,942$548.7K0.3%−1,585−28.7%ReducedHistory
BXBlackstone Inc.COM3,166$540.9K0.3%+2,926+1,219.2%AddedHistory
CVXChevron CorpStock3,377$524.4K0.3%−12,418−78.6%ReducedHistory
GLDSPDR Gold TrustETF1,425$506.5K0.3%−1,794−55.7%ReducedHistory
VRTXVertex Pharmaceuticals IncStock1,281$501.7K0.3%−514−28.6%ReducedHistory
DGDollar General CorpCOM4,819$498.0K0.3%−1,925−28.5%ReducedHistory
MDLZMondelez International, Inc.Stock6,572$413.8K0.2%−2,619−28.5%ReducedHistory
SAPSAP SEADR1,494$399.2K0.2%+1,494NewHistory
RIVNRivian Automotive, Inc.Stock26,175$384.2K0.2%00.0%UnchangedHistory
DKNGDraftKings Inc.Stock9,811$366.9K0.2%−3,983−28.9%ReducedHistory
NDAQNasdaq, Inc.COM3,947$349.1K0.2%00.0%UnchangedHistory
CRWDCrowdStrike Holdings, Inc.Stock697$341.8K0.2%00.0%UnchangedHistory
PEverpure, Inc.CL A3,822$320.3K0.2%00.0%UnchangedHistory
HDHome Depot, Inc.Stock784$317.7K0.2%00.0%UnchangedHistory
WMTWalmart Inc.Stock2,970$306.1K0.2%+10.0%AddedHistory
MAMastercard IncStock515$292.9K0.2%00.0%UnchangedHistory
AMGNAmgen IncStock958$270.3K0.2%00.0%UnchangedHistory
ProShares Tr74347X831ULTRAPRO QQQ2,300$237.8K0.1%00.0%Unchanged–
LDOSLeidos Holdings, Inc.COM1,250$236.2K0.1%00.0%UnchangedHistory
TTTrane Technologies plcSHS553$233.3K0.1%00.0%UnchangedHistory
Direxion Shs ETF Tr25459Y694DLY FIN BULL NEW1,300$231.3K0.1%00.0%Unchanged–
AMDAdvanced Micro Devices IncStock1,400$226.5K0.1%−13,900−90.8%ReducedHistory
LINLinde PLCStock453$215.2K0.1%00.0%UnchangedHistory
ACMAecomCOM1,649$215.1K0.1%00.0%UnchangedHistory
SYKStryker CorpStock543$201.2K0.1%00.0%UnchangedHistory
Tidal Tr II88636J253DEFIANCE DAILY T9,132$195.2K0.1%00.0%Unchanged–
MRKMerck & Co., Inc.Stock1,910$161.9K0.1%−8,399−81.5%ReducedHistory
EXPEExpedia Group, Inc.Stock753$161.0K0.1%+273+56.9%AddedHistory
PGRProgressive CorpStock592$146.2K0.1%00.0%UnchangedHistory
Direxion Shs ETF Tr25459W847DLY SMCAP BULL3X2,900$131.2K0.1%00.0%Unchanged–
CMICummins IncStock273$115.3K0.1%00.0%UnchangedHistory
MSMorgan StanleyStock714$113.5K0.1%+1+0.1%AddedHistory
BRK.BBerkshire Hathaway IncStock205$103.1K0.1%00.0%UnchangedHistory
MCKMcKesson CorpStock128$99.0K0.1%−22−14.7%ReducedHistory
PLTRPalantir Technologies Inc.Stock438$79.9K<0.1%+5+1.2%AddedHistory
NFLXNetflix IncStock62$74.3K<0.1%00.0%UnchangedHistory
DUKDuke Energy CORPStock587$72.6K<0.1%00.0%UnchangedHistory
KMIKinder Morgan, Inc.Stock2,495$70.6K<0.1%00.0%UnchangedHistory
JNJJohnson & JohnsonStock346$64.2K<0.1%00.0%UnchangedHistory
APPAppLovin CorpCOM CL A87$62.5K<0.1%00.0%UnchangedHistory
RCLRoyal Caribbean Cruises LtdCOM183$59.4K<0.1%00.0%UnchangedHistory
FASTFastenal CoStock1,170$57.4K<0.1%00.0%UnchangedHistory
TXNTexas Instruments IncStock289$53.1K<0.1%00.0%UnchangedHistory

Sold out since Q2 2025 (19)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of 1248 Management, LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
SPYSPDR S&P 500 ETF TrustETF17,033$10.6M3.9%History
State Street Industrial Select Sector SPDR ETF81369Y704ETF71,395$10.5M3.9%–
State Street Financial Select Sector SPDR ETF81369Y605ETF100,604$5.27M1.9%–
Invesco QQQ Trust Series I46090E103ETF9,485$5.24M1.9%–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF112,677$4.80M1.8%–
VanEck Semiconductor ETF92189F676ETF9,715$2.71M1.0%–
iShares Core S&P Small Cap ETF464287804ETF23,128$2.53M0.9%–
State Street SPDR S&P Regional Banking ETF78464A698ETF37,078$2.20M0.8%–
EWEdwards Lifesciences CorpStock16,200$1.27M0.5%History
MCHPMicrochip Technology IncStock17,100$1.20M0.4%History
TTWOTake Two Interactive Software IncCOM4,579$1.11M0.4%History
LULUlululemon athletica inc.Stock2,485$590.4K0.2%History
SNYSanofiSPONSORED ADR9,344$451.4K0.2%History
TEAMAtlassian CorpCL A1,948$395.6K0.1%History
ADBEAdobe Inc.Stock86$33.3K<0.1%History
PNFPPinnacle Financial Partners, Inc.COM270$29.8K<0.1%History
FLRFluor CorpStock522$26.8K<0.1%History
WSCWillScot Holdings CorpCOM CL A955$26.2K<0.1%History
LYBLyondellBasell Industries N.V.SHS - A -293$17.0K<0.1%History