13F HOLDINGS REPORT

LYELL WEALTH MANAGEMENT, LP

Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001104659-26-013572

Total Value

$1.38B

Positions

213

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (213)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	NVIDIA CORPORATION COM	NVDA	580,723	$108.3M	7.84%
2	ALPHABET INC CAP STK CL A	GOOG	182,232	$57.0M	4.13%
3	APPLE INC COM	AAPL	183,761	$50.0M	3.62%
4	MICROSOFT CORP COM	MSFT	92,149	$44.6M	3.23%
5	AMAZON COM INC COM	AMZN	174,649	$40.3M	2.92%
6	META PLATFORMS INC CL A	META	54,105	$35.7M	2.59%
7	JPMORGAN CHASE & CO. COM	VYLD	100,817	$32.5M	2.35%
8	PALO ALTO NETWORKS INC COM	PANW	169,410	$31.2M	2.26%
9	VANECK SEMICONDUCTOR ETF	92189F676	77,668	$28.0M	2.03%
10	ALPHABET INC CAP STK CL C	GOOG	85,356	$26.8M	1.94%
11	SHOPIFY INC CL A SUB VTG SHS	SHOP	164,895	$26.5M	1.92%
12	AMPHENOL CORP NEW CL A	032095101	189,944	$25.7M	1.86%
13	COSTCO WHOLESALE CORPORATION COM	22160K105	29,496	$25.4M	1.84%
14	INTUIT COM	INTU	33,026	$21.9M	1.58%
15	ASML HOLDING N V N Y REGISTRY SHS	ASMLF	20,429	$21.9M	1.58%
16	CATERPILLAR INC COM	CAT	37,245	$21.3M	1.55%
17	INTUITIVE SURGICAL INC COM NEW	ISRG	37,486	$21.2M	1.54%
18	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	68,788	$20.9M	1.51%
19	SERVICENOW INC COM	NOW	130,385	$20.0M	1.45%
20	THERMO FISHER SCIENTIFIC INC COM	TMO	34,223	$19.8M	1.44%
21	MORGAN STANLEY COM NEW	MS-PQ	109,762	$19.5M	1.41%
22	NETFLIX INC. COM	NFLX	206,381	$19.4M	1.40%
23	VISA INC COM CL A	V	54,369	$19.1M	1.38%
24	D R HORTON INC COM	23331A109	123,307	$17.8M	1.29%
25	VERTIV HOLDINGS CO COM CL A	VRT	105,491	$17.1M	1.24%
26	ADVANCED MICRO DEVICES INC COM	AMD	77,387	$16.6M	1.20%
27	CADENCE DESIGN SYSTEM INC COM	CDNS	52,277	$16.3M	1.18%
28	QUANTA SVCS INC COM	74762E102	38,459	$16.2M	1.18%
29	UBER TECHNOLOGIES INC COM	UBER	196,782	$16.1M	1.16%
30	HOME DEPOT INC COM	HD	46,335	$15.9M	1.15%
31	IDEXX LABS INC COM	45168D104	23,313	$15.8M	1.14%
32	WORKDAY INC CL A	WDAY	71,598	$15.4M	1.11%
33	SPDR GOLD SHARES	GLD	36,330	$14.4M	1.04%
34	STRYKER CORPORATION COM	SYK	40,610	$14.3M	1.03%
35	WALMART INC COM	WMT	123,925	$13.8M	1.00%
36	SALESFORCE INC COM	CRM	52,094	$13.8M	1.00%
37	SNOWFLAKE INC COM SHS	SNOW	60,560	$13.3M	0.96%
38	TOLL BROTHERS INC COM	TOL	95,644	$12.9M	0.94%
39	ISHARES IBONDS DEC 2027 TERM CORPORATE ETF	46435UAA9	521,963	$12.7M	0.92%
40	ISHARES IBONDS DEC 2028 TERM CORPORATE ETF	46435U515	479,315	$12.2M	0.88%
41	VEEVA SYS INC CL A COM	VEEV	54,589	$12.2M	0.88%
42	ISHARES IBONDS DEC 2026 TERM CORPORATE ETF	46435GAA0	498,249	$12.1M	0.87%
43	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	23,378	$11.8M	0.85%
44	ISHARES IBONDS DEC 2029 TERM CORPORATE ETF	46436E205	486,066	$11.4M	0.82%
45	MASTERCARD INCORPORATED CL A	MA	19,844	$11.3M	0.82%
46	SPDR S&P 500 ETF TRUST	SPY	16,101	$11.0M	0.80%
47	CLOUDFLARE INC CL A COM	NET	52,369	$10.3M	0.75%
48	BLUE OWL CAPITAL INC COM CL A	OWL	689,455	$10.3M	0.75%
49	ISHARES IBONDS DEC 2030 TERM CORPORATE ETF	46436E726	452,987	$10.0M	0.72%
50	EXTREME NETWORKS COM	EXTR	582,345	$9.7M	0.70%
51	HONEYWELL INTL INC COM	438516106	48,959	$9.6M	0.69%
52	DIGITAL RLTY TR INC COM	253868103	58,992	$9.1M	0.66%
53	BROADRIDGE FINL SOLUTIONS INC COM	11133T103	40,619	$9.1M	0.66%
54	STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF	81369Y704	57,372	$8.9M	0.64%
55	BLACKROCK INC COM	BLK	8,302	$8.9M	0.64%
56	DEERE & CO COM	DE	18,922	$8.8M	0.64%
57	T-MOBILE US INC COM	TMUSZ	41,038	$8.3M	0.60%
58	ABBOTT LABS COM	ABLZF	65,999	$8.3M	0.60%
59	LENNAR CORP CL A	LEN-B	78,699	$8.1M	0.59%
60	BROADCOM INC COM	AVGO	22,983	$8.0M	0.58%
61	VANGUARD S&P 500 ETF	922908363	11,706	$7.3M	0.53%
62	UNION PAC CORP COM	UNP	31,229	$7.2M	0.52%
63	ISHARES IBONDS DEC 2031 TERM CORPORATE ETF	46436E486	332,277	$7.0M	0.51%
64	STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF	81369Y209	43,410	$6.7M	0.49%
65	ISHARES IBONDS DEC 2032 TERM CORPORATE ETF	46436E312	260,065	$6.6M	0.48%
66	FREEPORT-MCMORAN INC CL B	FCX	124,165	$6.3M	0.46%
67	GUIDEWIRE SOFTWARE INC COM	GWRE	26,952	$5.4M	0.39%
68	BANK AMERICA CORP COM	060505104	89,783	$4.9M	0.36%
69	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	33,977	$4.9M	0.35%
70	ISHARES IBONDS DEC 2033 TERM CORPORATE ETF	46436E130	173,645	$4.5M	0.33%
71	DISNEY WALT CO COM	254687106	35,523	$4.0M	0.29%
72	CHEVRON CORP NEW COM	CVX	26,223	$4.0M	0.29%
73	ISHARES CORE S&P 500 ETF	464287200	5,594	$3.8M	0.28%
74	INVESCO S&P 500 EQUAL WEIGHT ETF	IVZ	16,026	$3.1M	0.22%
75	ELI LILLY & CO COM	LLY	2,714	$2.9M	0.21%
76	INVESCO QQQ TRUST SERIES I	IVZ	4,669	$2.9M	0.21%
77	ISHARES TIPS BOND ETF	464287176	24,078	$2.6M	0.19%
78	VANECK MERK GOLD ETF	OUNZ	61,795	$2.6M	0.19%
79	SLB LIMITED COM STK	SLB	65,062	$2.5M	0.18%
80	TESLA INC COM	TSLA	5,379	$2.4M	0.18%
81	MICRON TECHNOLOGY INC COM	MU	8,455	$2.4M	0.17%
82	EXXON MOBIL CORP COM	XOM	19,773	$2.4M	0.17%
83	TJX COS INC NEW COM	872540109	15,145	$2.3M	0.17%
84	ISHARES CORE S&P SMALL CAP ETF	464287804	19,201	$2.3M	0.17%
85	ISHARES RUSSELL 2000 ETF	464287655	9,324	$2.3M	0.17%
86	ISHARES CORE S&P MID-CAP ETF	464287507	33,485	$2.2M	0.16%
87	ISHARES IBONDS DEC 2034 TERM CORPORATE ETF	46438G653	82,610	$2.2M	0.16%
88	STATE STREET ENERGY SELECT SECTOR SPDR ETF	81369Y506	44,851	$2.0M	0.15%
89	ISHARES BIOTECHNOLOGY ETF	464287556	10,830	$1.8M	0.13%
90	REDDIT INC CL A	RDDT	7,837	$1.8M	0.13%
91	CONOCOPHILLIPS COM	COP	18,944	$1.8M	0.13%
92	AMERICAN EXPRESS CO COM	AXP	4,477	$1.7M	0.12%
93	JOHNSON & JOHNSON COM	JNJ	7,943	$1.6M	0.12%
94	ISHARES MSCI EAFE ETF	464287465	16,511	$1.6M	0.11%
95	ISHARES RUSSELL 1000 GROWTH ETF	464287614	3,320	$1.6M	0.11%
96	CORVEL CORP COM	CRVL	22,948	$1.6M	0.11%
97	THE TRADE DESK INC COM CL A	88339J105	40,000	$1.5M	0.11%
98	LOWES COS INC COM	548661107	6,173	$1.5M	0.11%
99	RTX CORPORATION COM	RTX	8,047	$1.5M	0.11%
100	TE CONNECTIVITY PLC ORD SHS	TEL	6,381	$1.5M	0.11%
101	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	19,570	$1.4M	0.10%
102	DEXCOM INC COM	DXCM	21,120	$1.4M	0.10%
103	ISHARES MSCI EMERGING MARKETS ETF	464287234	25,260	$1.4M	0.10%
104	SCHWAB INTERNATIONAL EQUITY ETF	808524805	56,612	$1.4M	0.10%
105	STATE STREET FINANCIAL SELECT SECTOR SPDR ETF	81369Y605	24,556	$1.3M	0.10%
106	ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF	464287515	12,721	$1.3M	0.10%
107	BALL CORP COM	BALL	25,305	$1.3M	0.10%
108	ISHARES U.S. HOME CONSTRUCTION ETF	464288752	13,695	$1.3M	0.10%
109	DOORDASH INC CL A	DASH	5,527	$1.3M	0.09%
110	JOHNSON CTLS INTL PLC SHS	G51502105	10,341	$1.2M	0.09%
111	ISHARES RUSSELL MIDCAP ETF	464287499	12,612	$1.2M	0.09%
112	CISCO SYS INC COM	CSCO	15,756	$1.2M	0.09%
113	SPDR S&P MIDCAP 400 ETF TRUST	MDY	1,913	$1.2M	0.08%
114	PEPSICO INC COM	PEP	7,846	$1.1M	0.08%
115	NORTHROP GRUMMAN CORP COM	NOC	1,940	$1.1M	0.08%
116	SCHWAB EMERGING MARKETS EQUITY ETF	808524706	33,335	$1.1M	0.08%
117	CSX CORP COM	CSX	27,831	$1.0M	0.07%
118	MEDTRONIC PLC SHS	MDT	10,240	$983,654	0.07%
119	ORACLE CORP COM	ORCL-PD	4,632	$902,823	0.07%
120	GILEAD SCIENCES INC COM	GILD	7,276	$893,056	0.06%
121	FIRST TRUST DOW JONES INTERNET INDEX FUND	33733E302	3,259	$877,258	0.06%
122	PROCTER & GAMBLE CO COM	742718109	5,979	$856,850	0.06%
123	ZOETIS INC CL A	ZTS	6,712	$844,504	0.06%
124	STATE STREET SPDR S&P HOMEBUILDERS ETF	78464A888	8,178	$842,007	0.06%
125	INTERNATIONAL BUSINESS MACHS COM	INTR	2,744	$812,800	0.06%
126	SCHWAB CHARLES CORP COM	SCHW-PJ	8,078	$807,073	0.06%
127	NIKE INC CL B	NKE	12,113	$771,719	0.06%
128	LAM RESEARCH CORP COM NEW	LRCX	4,446	$761,066	0.06%
129	TARGA RES CORP COM	TRGP	3,803	$701,654	0.05%
130	STARBUCKS CORP COM	SBUX	8,257	$695,322	0.05%
131	AMERIPRISE FINL INC COM	03076C106	1,392	$682,553	0.05%
132	ISHARES CORE MSCI EAFE ETF	46432F842	7,245	$648,138	0.05%
133	ISHARES BITCOIN TRUST ETF	IBIT	13,007	$645,798	0.05%
134	SCHWAB US DIVIDEND EQUITY ETF	808524797	22,729	$623,456	0.05%
135	VANGUARD SMALL-CAP ETF	922908751	2,408	$621,144	0.04%
136	LOCKHEED MARTIN CORP COM	LMT	1,251	$605,071	0.04%
137	STATE STREET SPDR S&P BIOTECH ETF	78464A870	4,848	$591,117	0.04%
138	GOLDMAN SACHS GROUP INC COM	GSCE	654	$574,866	0.04%
139	AXON ENTERPRISE INC COM	AXON	1,012	$574,745	0.04%
140	PALANTIR TECHNOLOGIES INC CL A	PLTR	3,183	$565,778	0.04%
141	MERCK & CO INC COM	MRK	5,355	$563,667	0.04%
142	DANAHER CORPORATION COM	235851102	2,436	$557,649	0.04%
143	VANGUARD TOTAL STOCK MARKET ETF	922908769	1,652	$553,866	0.04%
144	VANGUARD MID-CAP ETF	922908629	1,908	$553,740	0.04%
145	COHERENT CORP COM	COHR	3,000	$553,710	0.04%
146	ROYAL CARIBBEAN GROUP COM	V7780T103	1,920	$535,526	0.04%
147	TEXAS INSTRS INC COM	882508104	2,991	$518,909	0.04%
148	AMGEN INC COM	AMGN	1,564	$511,913	0.04%
149	MERCADOLIBRE INC COM	MELI	248	$499,536	0.04%
150	VANGUARD FTSE EUROPE ETF	922042874	5,851	$489,202	0.04%
151	BOOKING HOLDINGS INC COM	BKNG	91	$487,335	0.04%
152	GE AEROSPACE COM NEW	369604301	1,569	$483,299	0.03%
153	VANECK OIL SERVICES ETF	92189H607	1,665	$474,024	0.03%
154	AMETEK INC COM	AME	2,227	$457,225	0.03%
155	MILLROSE PPTYS INC COM CL A	601137102	15,185	$453,576	0.03%
156	ABBVIE INC COM	ABBV	1,968	$449,668	0.03%
157	ISHARES RUSSELL 3000 ETF	464287689	1,150	$444,878	0.03%
158	COCA COLA CO COM	KO	6,168	$431,205	0.03%
159	VANGUARD INFORMATION TECHNOLOGY ETF	92204A702	565	$425,687	0.03%
160	VANGUARD REAL ESTATE ETF	922908553	4,780	$422,982	0.03%
161	INTERCONTINENTAL EXCHANGE INC COM	45866F104	2,503	$405,386	0.03%
162	VANGUARD DIVIDEND APPRECIATION ETF	921908844	1,810	$397,802	0.03%
163	NORFOLK SOUTHN CORP COM	655844108	1,344	$388,040	0.03%
164	TRAVELERS COMPANIES INC COM	TRV	1,297	$376,208	0.03%
165	TRIP COM GROUP LTD ADS	TRPCF	5,145	$369,977	0.03%
166	ARISTA NETWORKS INC COM SHS	ANET	2,812	$368,456	0.03%
167	EATON CORP PLC SHS	ETN	1,146	$365,012	0.03%
168	VANGUARD GROWTH ETF	922908736	746	$364,039	0.03%
169	ADOBE INC COM	ADBE	1,039	$363,640	0.03%
170	TRANE TECHNOLOGIES PLC SHS	TT	930	$361,956	0.03%
171	KINDER MORGAN INC DEL COM	EP-PC	13,135	$361,081	0.03%
172	PROCEPT BIOROBOTICS CORP COM	PRCT	11,440	$359,902	0.03%
173	ILLUMINA INC COM	ILMN	2,663	$349,279	0.03%
174	ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	464288620	6,710	$347,377	0.03%
175	GE VERNOVA INC COM	GEV	529	$345,739	0.03%
176	ISHARES MSCI JAPAN ETF	46434G822	4,128	$333,295	0.02%
177	ISHARES MSCI TAIWAN ETF	46434G772	5,125	$325,591	0.02%
178	AKRE FOCUS ETF	74316P579	4,950	$324,275	0.02%
179	ISHARES S&P 100 ETF	464287101	921	$315,811	0.02%
180	INVESCO RAFI US 1500 SMALL-MID ETF	IVZ	6,774	$310,850	0.02%
181	SOLSTICE ADVANCED MATLS INC COM SHS	83443Q103	6,363	$309,115	0.02%
182	INVESCO WATER RESOURCES ETF	IVZ	4,318	$304,028	0.02%
183	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	5,595	$301,794	0.02%
184	APPLIED MATLS INC COM	038222105	1,167	$299,926	0.02%
185	ENBRIDGE INC COM	ENNPF	6,220	$297,503	0.02%
186	COLUMBIA INDIA CONSUMER ETF	19762B707	4,512	$292,423	0.02%
187	ATLASSIAN CORPORATION CL A	TEAM	1,794	$290,879	0.02%
188	ISHARES GOLD TRUST	IAU	3,517	$285,475	0.02%
189	QUALCOMM INC COM	QCOM	1,648	$281,890	0.02%
190	CVS HEALTH CORP COM	CVS	3,512	$278,712	0.02%
191	ISHARES S&P MID-CAP 400 GROWTH ETF	464287606	2,875	$278,530	0.02%
192	PARKER-HANNIFIN CORP COM	PH	308	$270,720	0.02%
193	DRAFTKINGS INC NEW COM CL A	DKNG	7,849	$270,477	0.02%
194	ISHARES 1-3 YEAR TREASURY BOND ETF	464287457	3,262	$270,159	0.02%
195	THE CIGNA GROUP COM	125523100	970	$266,973	0.02%
196	SAP SE SPON ADR	SAPGF	1,087	$264,043	0.02%
197	ASTRAZENECA PLC SPONSORED ADR	AZN	2,760	$253,727	0.02%
198	CITIGROUP INC COM NEW	C-PR	2,071	$241,665	0.02%
199	ISHARES MSCI NETHERLANDS ETF	464286814	3,990	$227,550	0.02%
200	GRAB HOLDINGS LIMITED CLASS A ORD	GRABW	45,500	$227,045	0.02%
201	STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	81369Y308	2,902	$225,427	0.02%
202	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	2,195	$219,237	0.02%
203	PNC FINL SVCS GROUP INC COM	693475105	1,033	$215,618	0.02%
204	EQUINIX INC COM	EQIX	281	$215,291	0.02%
205	AUTOZONE INC COM	AZO	63	$213,665	0.02%
206	ALERIAN MLP ETF	00162Q452	4,500	$211,590	0.02%
207	SCHWAB U.S. BROAD MARKET ETF	808524102	8,056	$211,309	0.02%
208	GLOBAL X DAX GERMANY ETF	37954Y491	4,495	$205,064	0.01%
209	APPLOVIN CORP COM CL A	APP	304	$204,841	0.01%
210	PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTN	726503105	10,900	$195,764	0.01%
211	ENERGY TRANSFER L P COM UT LTD PTN	ET-PI	10,350	$170,672	0.01%
212	ATLAS ENERGY SOLUTIONS INC COM NEW	AESI	14,766	$139,096	0.01%
213	SANA BIOTECHNOLOGY INC COM	SANA	10,500	$42,735	0.00%