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Livermore
Livermore
ZHEN

1248 Management, LLC

SEC CIK
0002011147
Latest filing
Aug 13, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 13, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
157
+1 vs. Q3 2025
Portfolio value
$186.9M
+$9.66M (+5.5%) vs. Q3 2025
Filed
Feb 13, 2026
SEC
Holdings of 1248 Management, LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
PSBDPalmer Square Capital BDC Inc.COM SHS2,954,713$37.3M19.9%00.0%UnchangedHistory
GOOGLAlphabet Inc.Stock51,924$16.3M8.7%+95+0.2%AddedHistory
ORCLOracle CorpStock56,097$10.9M5.8%+27,111+93.5%AddedHistory
AMZNAmazon Com IncStock46,583$10.8M5.8%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock32,729$10.5M5.6%−541−1.6%ReducedHistory
MSFTMicrosoft CorpStock19,781$9.57M5.1%+1,119+6.0%AddedHistory
SCHWSchwab Charles CorpStock93,729$9.36M5.0%00.0%UnchangedHistory
NVDANVIDIA CorpStock48,076$8.97M4.8%+2,647+5.8%AddedHistory
CRMSalesforce, Inc.Stock27,181$7.21M3.9%+22,071+431.9%AddedHistory
Tidal Trust I886364231FUND GRAN US ETF219,427$5.43M2.9%00.0%Unchanged–
ACHRArcher Aviation Inc.Stock614,628$4.62M2.5%+614,628NewHistory
AAPLApple Inc.Stock13,010$3.54M1.9%−4,736−26.7%ReducedHistory
PAYSPaysign, Inc.COM497,435$2.56M1.4%−422,565−45.9%ReducedHistory
AVGOBroadcom Inc.Stock5,137$1.78M1.0%−49−0.9%ReducedHistory
METAMeta Platforms, Inc.Stock2,567$1.69M0.9%00.0%UnchangedHistory
LLYEli Lilly & CoStock1,515$1.63M0.9%00.0%UnchangedHistory
GEVGE Vernova Inc.Stock1,825$1.19M0.6%00.0%UnchangedHistory
GSGoldman Sachs Group IncStock1,315$1.16M0.6%00.0%UnchangedHistory
ABBVAbbVie Inc.Stock4,902$1.12M0.6%00.0%UnchangedHistory
UNPUnion Pacific CorpStock4,600$1.06M0.6%00.0%UnchangedHistory
NOWServiceNow, Inc.Stock6,850$1.05M0.6%00.0%UnchangedConverted for a 5-for-1 splitHistory
GLWCorning IncCOM11,948$1.05M0.6%−5,504−31.5%ReducedHistory
VVisa Inc.Stock2,963$1.04M0.6%00.0%UnchangedHistory
UPSUnited Parcel Service IncStock9,600$952.2K0.5%−34−0.4%ReducedHistory
BLKBlackRock, Inc.Stock883$945.1K0.5%00.0%UnchangedHistory
PANWPalo Alto Networks IncStock5,073$934.4K0.5%00.0%UnchangedHistory
BKRBaker Hughes CoCL A20,073$914.1K0.5%00.0%UnchangedHistory
CDNSCadence Design Systems IncStock2,854$892.1K0.5%+27+1.0%AddedHistory
TDYTeledyne Technologies IncCOM1,744$890.7K0.5%00.0%UnchangedHistory
BKNGBooking Holdings Inc.Stock163$872.9K0.5%00.0%UnchangedHistory
AZOAutoZone IncCOM253$858.0K0.5%00.0%UnchangedHistory
ABTAbbott LaboratoriesStock6,689$838.1K0.4%00.0%UnchangedHistory
TSLATesla, Inc.Stock1,857$835.1K0.4%00.0%UnchangedHistory
UBERUber Technologies, IncStock10,121$827.0K0.4%00.0%UnchangedHistory
PNCPNC Financial Services Group, Inc.Stock3,941$822.6K0.4%+62+1.6%AddedHistory
CCitigroup IncStock6,976$814.0K0.4%00.0%UnchangedHistory
BSXBoston Scientific CorpStock8,224$784.2K0.4%00.0%UnchangedHistory
TELTE Connectivity plcStock3,347$761.5K0.4%+35+1.1%AddedHistory
TJXTJX Companies IncStock4,920$755.8K0.4%00.0%UnchangedHistory
KLACKLA CorpCOM NEW615$747.3K0.4%−409−39.9%ReducedHistory
RMDResmed IncCOM2,972$715.9K0.4%00.0%UnchangedHistory
REGNRegeneron Pharmaceuticals, Inc.COM913$704.7K0.4%+913NewHistory
ANETArista Networks, Inc.Stock5,343$700.1K0.4%−2,156−28.8%ReducedHistory
COSTCostco Wholesale CorpStock790$681.2K0.4%00.0%UnchangedHistory
TSMTaiwan Semiconductor Manufacturing Co LtdADR2,208$672.7K0.4%00.0%UnchangedHistory
PLNTPlanet Fitness, Inc.CL A5,958$646.3K0.3%00.0%UnchangedHistory
DGDollar General CorpCOM4,819$639.8K0.3%00.0%UnchangedHistory
LOWLowes Companies IncStock2,614$630.4K0.3%00.0%UnchangedHistory
SPGIS&P Global Inc.Stock1,195$624.5K0.3%00.0%UnchangedHistory
WCNWaste Connections, Inc.COM3,551$622.7K0.3%00.0%UnchangedHistory
XYLXylem Inc.COM4,474$609.3K0.3%00.0%UnchangedHistory
VRTXVertex Pharmaceuticals IncStock1,343$608.9K0.3%+62+4.8%AddedHistory
ETNEaton Corp plcStock1,908$607.7K0.3%00.0%UnchangedHistory
URIUnited Rentals, Inc.COM741$599.7K0.3%00.0%UnchangedHistory
PGProcter & Gamble CoStock3,978$570.1K0.3%−172−4.1%ReducedHistory
KRKroger CoStock8,986$561.4K0.3%00.0%UnchangedHistory
GLDSPDR Gold TrustETF1,415$560.8K0.3%−10−0.7%ReducedHistory
PSXPhillips 66Stock4,046$522.1K0.3%00.0%UnchangedHistory
DASHDoorDash, Inc.Stock2,301$521.1K0.3%+2,301NewHistory
RIVNRivian Automotive, Inc.Stock26,175$515.9K0.3%00.0%UnchangedHistory
CVXChevron CorpStock3,377$514.7K0.3%00.0%UnchangedHistory
AWKAmerican Water Works Company, Inc.Stock3,942$514.4K0.3%00.0%UnchangedHistory
BXBlackstone Inc.COM3,166$488.0K0.3%00.0%UnchangedHistory
APTVAptiv PLCStock6,095$463.8K0.2%+5,696+1,427.6%AddedHistory
WRBBerkley W R CorpCOM6,009$421.4K0.2%+6,009NewHistory
ProShares Tr74347X831ULTRAPRO QQQ7,300$384.9K0.2%+2,700+58.7%AddedConverted for a 2-for-1 split–
NDAQNasdaq, Inc.COM3,947$383.4K0.2%00.0%UnchangedHistory
WMTWalmart Inc.Stock2,970$331.6K0.2%00.0%UnchangedHistory
CRWDCrowdStrike Holdings, Inc.Stock697$326.7K0.2%00.0%UnchangedHistory
AMGNAmgen IncStock958$313.6K0.2%00.0%UnchangedHistory
MAMastercard IncStock515$294.0K0.2%00.0%UnchangedHistory
HDHome Depot, Inc.Stock784$269.8K0.1%00.0%UnchangedHistory
NEENextera Energy IncStock3,196$256.6K0.1%−8,900−73.6%ReducedHistory
PEverpure, Inc.CL A3,822$256.1K0.1%00.0%UnchangedHistory
HOODRobinhood Markets, Inc.Stock2,235$252.8K0.1%+2,235NewHistory
Direxion Shs ETF Tr25459Y694DLY FIN BULL NEW1,400$235.7K0.1%+100+7.7%Added–
LINLinde PLCStock531$226.4K0.1%+78+17.2%AddedHistory
LDOSLeidos Holdings, Inc.COM1,250$225.5K0.1%00.0%UnchangedHistory
TMUST-Mobile US, Inc.Stock1,108$225.0K0.1%−3,072−73.5%ReducedHistory
TTTrane Technologies plcSHS553$215.2K0.1%00.0%UnchangedHistory
EXPEExpedia Group, Inc.Stock753$213.3K0.1%00.0%UnchangedHistory
MRKMerck & Co., Inc.Stock1,910$202.7K0.1%00.0%UnchangedHistory
SYKStryker CorpStock543$191.3K0.1%00.0%UnchangedHistory
PGRProgressive CorpStock795$181.0K0.1%+203+34.3%AddedHistory
ACMAecomCOM1,649$157.2K0.1%00.0%UnchangedHistory
CMCSAComcast CorpStock5,000$149.4K0.1%+4,810+2,531.6%AddedHistory
Direxion Shs ETF Tr25459W847DLY SMCAP BULL3X2,900$132.1K0.1%00.0%Unchanged–
MSMorgan StanleyStock714$126.8K0.1%00.0%UnchangedHistory
MCKMcKesson CorpStock128$105.1K0.1%00.0%UnchangedHistory
BRK.BBerkshire Hathaway IncStock205$103.0K0.1%00.0%UnchangedHistory
CMICummins IncStock200$102.1K0.1%−73−26.7%ReducedHistory
JNJJohnson & JohnsonStock346$71.6K<0.1%00.0%UnchangedHistory
DUKDuke Energy CORPStock587$68.8K<0.1%00.0%UnchangedHistory
KMIKinder Morgan, Inc.Stock2,495$68.6K<0.1%00.0%UnchangedHistory
NFLXNetflix IncStock620$58.1K<0.1%00.0%UnchangedConverted for a 10-for-1 splitHistory
DLTRDollar Tree, Inc.COM449$55.2K<0.1%00.0%UnchangedHistory
GILDGilead Sciences, Inc.Stock444$54.5K<0.1%00.0%UnchangedHistory
GSKGSK plcADR1,053$52.1K<0.1%00.0%UnchangedHistory
DEDeere & CoStock111$51.9K<0.1%+95+593.8%AddedHistory
XOMExxonMobil Holdings CorpCOM423$50.9K<0.1%00.0%UnchangedHistory

Sold out since Q3 2025 (13)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of 1248 Management, LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
DHRDanaher CorpStock8,200$1.63M0.9%History
ALBAlbemarle CorpStock9,800$799.7K0.5%History
SAPSAP SEADR1,494$399.2K0.2%History
DKNGDraftKings Inc.Stock9,811$366.9K0.2%History
AMDAdvanced Micro Devices IncStock1,400$226.5K0.1%History
Tidal Tr II88636J253DEFIANCE DAILY T9,132$195.2K0.1%–
RCLRoyal Caribbean Cruises LtdCOM183$59.4K<0.1%History
FISVFiserv IncStock255$32.9K<0.1%History
ZTSZoetis Inc.Stock178$26.0K<0.1%History
Direxion Shs ETF Tr25461A460DAILY FTSE CHINA1,200$25.8K<0.1%–
BHPBHP Group LtdADR320$17.8K<0.1%History
BALLBALL CorpCOM344$17.3K<0.1%History
ProShares Tr74347G192ULTRAPRO SHT QQQ100$1.52K<0.1%–