Live Markets
Wednesday, July 29, 2026·George Town, KY·29°·Partly Cloudy
Markets Open · NYSE·Newsletter·Masthead·
VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Royal Fund Management, LLC

Quarter ended Q1 2025 · Filed May 14, 2025 · Accession 0001172661-25-001875

Total Value
$898.6M
Positions
331
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (331)

#IssuerTicker / CUSIPSharesValue% of Filing
1VANGUARD INDEX FDS92290836353,655$27.8M3.09%
2INVESCO QQQ TRIVZ54,779$25.8M2.87%
3SPDR DOW JONES INDL AVERAGE78467X10947,670$20.0M2.23%
4SELECT SECTOR SPDR TR81369Y605397,248$19.8M2.20%
5ISHARES TR464287457234,341$19.4M2.16%
6MICROSOFT CORPMSFT36,614$13.9M1.54%
7JPMORGAN CHASE & CO.VYLD51,923$12.8M1.43%
8INVESCO EXCHANGE TRADED FD TIVZ74,055$12.8M1.43%
9ISHARES TR46428775496,838$12.6M1.40%
10NVIDIA CORPORATIONNVDA115,076$12.5M1.39%
11SPDR GOLD TRGLD42,727$12.3M1.37%
12APPLE INCAAPL44,745$10.0M1.11%
13SELECT SECTOR SPDR TR81369Y85299,288$9.6M1.07%
14SELECT SECTOR SPDR TR81369Y20964,954$9.5M1.06%
15ABBVIE INCABBV42,999$9.1M1.01%
16SELECT SECTOR SPDR TR81369Y40743,121$8.5M0.95%
17VANGUARD WORLD FD92204A70215,310$8.4M0.93%
18ISHARES TR46432F39641,237$8.4M0.93%
19SNOWFLAKE INCSNOW56,414$8.2M0.92%
20RTX CORPORATIONRTX59,870$8.0M0.89%
21SCHWAB STRATEGIC TR808524300310,519$7.8M0.87%
22VANGUARD SCOTTSDALE FDS92206C68082,961$7.7M0.86%
23META PLATFORMS INCMETA13,160$7.6M0.84%
24ISHARES TR46434V621121,305$7.5M0.84%
25VANGUARD INDEX FDS92290873620,222$7.5M0.84%
26VANGUARD WORLD FD92204A50427,576$7.4M0.82%
27ISHARES TR46428765536,561$7.3M0.81%
28BROADCOM INCAVGO43,566$7.3M0.81%
29INTERNATIONAL BUSINESS MACHSINTR28,943$7.3M0.81%
30ISHARES TR46428732579,721$7.3M0.81%
31ISHARES TR46429B598139,424$7.2M0.80%
32ISHARES TR46428751580,488$7.2M0.80%
33QUALCOMM INCQCOM45,678$7.1M0.79%
34VANGUARD WORLD FD92191081622,237$6.9M0.77%
35ONEOK INC NEWOKE68,422$6.8M0.76%
36DARDEN RESTAURANTS INCDRI31,951$6.7M0.75%
37ISHARES TR46434V613143,641$6.6M0.74%
38AT&T INCT-PC229,317$6.5M0.72%
39BLACKSTONE INCBX45,750$6.5M0.72%
40WALMART INCWMT72,570$6.4M0.71%
41AMAZON COM INCAMZN33,510$6.4M0.71%
42AMGEN INCAMGN19,796$6.3M0.70%
43SPDR SER TR78464A77148,559$6.2M0.69%
443M COMMM40,021$5.9M0.66%
45PHILLIPS 66PSX46,986$5.9M0.65%
46GARMIN LTDGRMN26,446$5.8M0.65%
47ALPHABET INCGOOG36,666$5.7M0.63%
48WASTE MGMT INC DEL94106L10923,973$5.6M0.63%
49CISCO SYS INCCSCO90,751$5.6M0.63%
50TESLA INCTSLA21,597$5.6M0.62%
51MERCK & CO INCMRK60,868$5.5M0.61%
52PROCTER AND GAMBLE CO74271810931,444$5.4M0.60%
53CVS HEALTH CORPCVS77,745$5.3M0.59%
54MCDONALDS CORPMCD16,204$5.2M0.58%
55SPDR SER TR78464A87063,313$5.1M0.57%
56DIGITAL RLTY TR INC25386810334,638$5.0M0.56%
57UNION PAC CORPUNP20,637$5.0M0.55%
58DELL TECHNOLOGIES INCDELL53,484$4.9M0.54%
59NEWMONT CORPNEMCL96,062$4.7M0.52%
60STARBUCKS CORPSBUX46,977$4.6M0.52%
61SNOWFLAKE INCSNOW31,800$4.6M0.52%
62INVESCO EXCH TRADED FD TR IIIVZ233,230$4.6M0.51%
63J P MORGAN EXCHANGE TRADED F46641Q87899,877$4.6M0.51%
64UBER TECHNOLOGIES INCUBER63,048$4.6M0.51%
65VERIZON COMMUNICATIONS INCVZ100,577$4.6M0.51%
66ISHARES TR464289875104,144$4.6M0.51%
67LAMAR ADVERTISING CO NEWLAMR39,581$4.6M0.51%
68CROWDSTRIKE HLDGS INCCRWD12,903$4.5M0.51%
69VERTIV HOLDINGS COVRT61,349$4.4M0.49%
70VANGUARD WHITEHALL FDS92194688568,686$4.4M0.49%
71PAYCHEX INCPAYX27,807$4.4M0.48%
72US BANCORP DELUSB-PS102,245$4.3M0.48%
73JOHNSON & JOHNSONJNJ25,182$4.2M0.47%
74EMERSON ELEC COEMR37,251$4.1M0.46%
75KIMBERLY-CLARK CORPKMB28,194$4.1M0.45%
76TYSON FOODS INCTSN63,100$4.0M0.45%
77DUKE ENERGY CORP NEWDUKB32,664$4.0M0.45%
78CHENIERE ENERGY INCLNG17,392$4.0M0.45%
79VANGUARD ADMIRAL FDS INC92193250511,756$4.0M0.44%
80ALIBABA GROUP HLDG LTDBBAAY27,709$3.7M0.41%
81SAMSARA INCIOT95,500$3.7M0.41%
82KINDER MORGAN INC DELEP-PC127,556$3.6M0.41%
83SUNCOR ENERGY INC NEWSU92,661$3.6M0.40%
84OKTA INCOKTA33,600$3.6M0.40%
85OKTA INCOKTA33,800$3.6M0.40%
86PALANTIR TECHNOLOGIES INCPLTR42,108$3.6M0.40%
87GREENBRIER COS INC39365710168,999$3.6M0.40%
88TOAST INCTOST106,000$3.5M0.39%
89ALIBABA GROUP HLDG LTDBBAAY27,000$3.5M0.39%
90CHEVRON CORP NEWCVX20,509$3.4M0.38%
91BRISTOL-MYERS SQUIBB COCELG-RI55,252$3.4M0.38%
92VANGUARD WORLD FD92191084025,482$3.3M0.37%
93ELI LILLY & COLLY3,943$3.3M0.36%
94STRYKER CORPORATIONSYK8,742$3.3M0.36%
95SWEETGREEN INCSG128,900$3.2M0.36%
96BLOCK INCBSQKZ58,775$3.2M0.36%
97SYSCO CORPSYY41,190$3.1M0.35%
98ISHARES TR46428743233,588$3.1M0.34%
99UPSTART HLDGS INCUPST65,340$3.0M0.33%
100THE TRADE DESK INC88339J10555,100$3.0M0.33%
101PALANTIR TECHNOLOGIES INCPLTR36,900$3.0M0.33%
102AGNICO EAGLE MINES LTDAEM26,747$2.9M0.32%
103VANGUARD WORLD FD92204A30622,132$2.9M0.32%
104VANGUARD SPECIALIZED FUNDS92190884414,833$2.9M0.32%
105ROBINHOOD MKTS INC77070010269,345$2.9M0.32%
106MICRON TECHNOLOGY INCMU33,173$2.9M0.32%
107SAMSARA INCIOT76,000$2.9M0.32%
108VANGUARD INTL EQUITY INDEX F92204274224,140$2.8M0.31%
109DATADOG INCDDOG28,251$2.8M0.31%
110TOAST INCTOST85,500$2.8M0.31%
111VANGUARD INDEX FDS9229087699,956$2.8M0.31%
112VANGUARD WORLD FD92204A20712,359$2.7M0.30%
113GITLAB INCGTLB57,700$2.7M0.30%
114NVIDIA CORPORATIONNVDA25,700$2.7M0.30%
115MICRON TECHNOLOGY INCMU30,700$2.6M0.29%
116GITLAB INCGTLB56,300$2.6M0.29%
117HOME DEPOT INCHD7,023$2.6M0.29%
118SWEETGREEN INCSG105,600$2.6M0.28%
119VANGUARD WORLD FD92204A88417,097$2.6M0.28%
120VANGUARD INDEX FDS9229086379,804$2.5M0.28%
121MEDTRONIC PLCMDT27,627$2.5M0.28%
122THERMO FISHER SCIENTIFIC INCTMO4,951$2.5M0.27%
123SOUTHERN COPPER CORPSCCO25,900$2.4M0.27%
124COCA COLA COKO33,617$2.4M0.27%
125BLOCK INCBSQKZ43,200$2.3M0.26%
126WELLS FARGO CO NEW94974610131,884$2.3M0.25%
127UNITED PARCEL SERVICE INCUPS20,131$2.2M0.25%
128UPSTART HLDGS INCUPST48,800$2.2M0.24%
129VERTIV HOLDINGS COVRT31,300$2.2M0.24%
130SPDR S&P 500 ETF TRSPY3,904$2.2M0.24%
131DEVON ENERGY CORP NEW25179M10358,097$2.2M0.24%
132ENTERGY CORP NEWENO24,900$2.1M0.24%
133SHOPIFY INCSHOP22,276$2.1M0.24%
134RIO TINTO PLCRTNTF35,384$2.1M0.24%
135VANGUARD WORLD FD92204A87612,218$2.1M0.24%
136ADVANCED MICRO DEVICES INCAMD19,944$2.0M0.23%
137VANGUARD WORLD FD92204A40516,071$1.9M0.22%
138HONEYWELL INTL INC4385161069,068$1.9M0.21%
139ASML HOLDING N VASMLF2,892$1.9M0.21%
140SCHLUMBERGER LTDSLB45,514$1.9M0.21%
141CHIPOTLE MEXICAN GRILL INCCMG37,181$1.9M0.21%
142VANGUARD WORLD FD92204A6037,167$1.8M0.20%
143CENTRUS ENERGY CORPLEU28,400$1.8M0.20%
144VANGUARD WORLD FD92204A1085,372$1.8M0.20%
145NETAPP INCNTAP19,750$1.7M0.19%
146VANGUARD WELLINGTON FD92193570612,595$1.7M0.19%
147SMUCKER J M CO83269640514,300$1.7M0.19%
148XCEL ENERGY INCXELLL23,913$1.7M0.19%
149VANGUARD WHITEHALL FDS92194640612,911$1.7M0.19%
150NEXTERA ENERGY INCNEE-PW23,501$1.7M0.19%
151VANGUARD INDEX FDS9229086296,291$1.6M0.18%
152PROLOGIS INC.PLDGP14,200$1.6M0.18%
153MARRIOTT INTL INC NEW5719032026,594$1.6M0.17%
154ISHARES TR46428776225,786$1.6M0.17%
155THE TRADE DESK INC88339J10528,390$1.6M0.17%
156VANGUARD SCOTTSDALE FDS92206C7306,072$1.6M0.17%
157COINBASE GLOBAL INCCOIN9,003$1.6M0.17%
158RESTAURANT BRANDS INTL INC76131D10323,130$1.5M0.17%
159SALESFORCE INCCRM5,729$1.5M0.17%
160DOW INCDOW43,511$1.5M0.17%
161DEERE & CODE3,223$1.5M0.17%
162COINBASE GLOBAL INCCOIN8,900$1.5M0.17%
163GOLDMAN SACHS GROUP INCGSCE2,746$1.5M0.17%
164ARM HOLDINGS PLC04206820513,606$1.5M0.16%
165CONAGRA BRANDS INCCAG53,400$1.4M0.16%
166CARVANA COCVNA6,800$1.4M0.16%
167PHILIP MORRIS INTL INC7181721098,860$1.4M0.16%
168ADVANCED MICRO DEVICES INCAMD13,800$1.4M0.15%
169VANGUARD INDEX FDS9229085385,590$1.4M0.15%
170CITIGROUP INCC-PR18,678$1.3M0.15%
171OCCIDENTAL PETE CORP67459910526,830$1.3M0.15%
172KROGER COKR19,300$1.3M0.15%
173AMERICAN TOWER CORP NEW03027X1005,862$1.3M0.14%
174OMEGA HEALTHCARE INVS INC68193610033,407$1.3M0.14%
175PPL CORPPPLC34,599$1.2M0.14%
176REDDIT INCRDDT11,750$1.2M0.14%
177ISHARES TR46428865311,824$1.2M0.14%
178ISHARES TR46428866110,308$1.2M0.14%
179FREEPORT-MCMORAN INCFCX32,120$1.2M0.14%
180SEAGATE TECHNOLOGY HLDNGS PLSE14,100$1.2M0.13%
181ALBEMARLE CORPALB-PA16,300$1.2M0.13%
182CREDO TECHNOLOGY GROUP HOLDICRDO28,990$1.2M0.13%
183ISHARES TR46428863821,998$1.2M0.13%
184IRON MTN INC DEL46284V10113,312$1.1M0.13%
185ISHARES TR46428730912,261$1.1M0.13%
186VANGUARD INDEX FDS9229085954,475$1.1M0.13%
187HONDA MOTOR LTDHNDAF40,999$1.1M0.12%
188ASTERA LABS INCALAB18,000$1.1M0.12%
189ENPHASE ENERGY INCENPH17,122$1.1M0.12%
190JD.COM INCJDCMF14,800$1.0M0.12%
191DELL TECHNOLOGIES INCDELL11,700$1.0M0.12%
192ARCHER DANIELS MIDLAND COADM21,182$1.0M0.11%
193CENTRUS ENERGY CORPLEU15,700$1.0M0.11%
194CF INDS HLDGS INC12526910012,800$1.0M0.11%
195GSK PLCGLAXF25,770$999,0270.11%
196ALBEMARLE CORPALB-PA14,100$994,1910.11%
197BHP GROUP LTDBHPLF20,328$987,6550.11%
198MONGODB INCMDB5,500$964,7000.11%
199MARKEL GROUP INCMKL510$953,5010.11%
200WP CAREY INC92936U10914,510$916,8920.10%
201CLOUDFLARE INCNET8,136$916,8460.10%
202TC ENERGY CORPTRPRF19,390$915,9090.10%
203SHOPIFY INCSHOP9,500$907,0600.10%
204AFFIRM HLDGS INCAFRM19,894$899,0100.10%
205MONDELEZ INTL INC60920710513,215$896,6380.10%
206UNIVERSAL HLTH SVCS INC9139031004,588$862,0850.10%
207VISTRA CORPVST7,300$857,3120.10%
208BROADCOM INCAVGO5,200$855,3220.10%
209LYONDELLBASELL INDUSTRIES NLYB12,075$850,0800.09%
210TIDAL ETF TR88636466041,155$796,7970.09%
211GLOBAL MED REIT INC37954A20490,719$793,9260.09%
212VANGUARD WORLD FD9219108733,866$783,4480.09%
213ASTERA LABS INCALAB13,400$779,7460.09%
214PFIZER INCPFE30,032$761,0680.08%
215DIAMONDBACK ENERGY INCFANG4,645$742,7560.08%
216MONGODB INCMDB4,200$735,9240.08%
217PDD HOLDINGS INCPDD6,035$714,2420.08%
218EOG RES INCEOG5,521$708,0580.08%
219SELECT SECTOR SPDR TR81369Y5067,566$707,4890.08%
220E L F BEAUTY INCELF10,900$684,4110.08%
221INVESCO EXCHANGE TRADED FD TIVZ19,175$655,9420.07%
222MICROSTRATEGY INCSTRK2,192$631,8880.07%
223JD.COM INCJDCMF14,800$608,5760.07%
224VANECK ETF TRUST92189F48623,764$607,9110.07%
225SPDR SER TR78468R6636,491$597,5330.07%
226ISHARES TR4642874083,123$595,8460.07%
227ENPHASE ENERGY INCENPH9,400$574,3400.06%
228SPDR S&P MIDCAP 400 ETF TRMDY1,075$573,4910.06%
229APPLOVIN CORPAPP2,100$556,4370.06%
230CONSOLIDATED EDISON INCED4,914$543,4390.06%
231FRANKLIN TEMPLETON ETF TRFGDL16,256$529,9530.06%
232SPDR SER TR78468R8123,338$523,9730.06%
233APPLOVIN CORPAPP2,100$512,4000.06%
234VIKING THERAPEUTICS INCVKTX20,891$504,5180.06%
235INVESCO EXCHANGE TRADED FD TIVZ16,252$501,0410.06%
236TESLA INCTSLA2,000$498,6200.06%
237EXXON MOBIL CORPXOM3,893$463,0120.05%
238RIVIAN AUTOMOTIVE INCRIVN36,928$459,7540.05%
239META PLATFORMS INCMETA800$450,8000.05%
240AFFIRM HLDGS INCAFRM10,000$441,9000.05%
241INVESCO EXCHANGE TRADED FD TIVZ9,482$437,4300.05%
242FIRST TR NASDAQ 100 TECH IND3373451022,452$426,3890.05%
243SELECT SECTOR SPDR TR81369Y8032,042$422,8330.05%
244JPMORGAN CHASE & CO.VYLD1,700$406,9970.05%
245ZSCALER INCZS1,900$376,9980.04%
246RIVIAN AUTOMOTIVE INCRIVN31,300$376,5390.04%
247ISHARES TR4642877053,044$365,0750.04%
248ISHARES BITCOIN TRUST ETFIBIT7,784$364,3690.04%
249ISHARES TR4642876064,067$339,5800.04%
250GE AEROSPACE3696043011,693$338,9390.04%
251GILEAD SCIENCES INCGILD3,012$337,6530.04%
252PEPSICO INCPEP2,245$336,7380.04%
253TIMKEN COTKR4,631$332,8300.04%
254ISHARES TR464287200582$328,0720.04%
255CONOCOPHILLIPSCOP3,115$327,4200.04%
256BANK AMERICA CORP0605051047,671$320,1650.04%
257BERKSHIRE HATHAWAY INC DELBRK-A592$315,2870.04%
258AMERIPRISE FINL INC03076C106634$307,0050.03%
259ISHARES TR4642876972,977$302,4100.03%
260SOUTHERN COSOMN3,253$299,1510.03%
261ISHARES SILVER TRSLV9,578$296,8220.03%
262NETFLIX INCNFLX311$290,0170.03%
263ALLIANT ENERGY CORPLNT4,444$285,9710.03%
264ISHARES TR46429B6555,558$283,7360.03%
265VISA INCV776$271,9600.03%
266LOCKHEED MARTIN CORPLMT600$268,9880.03%
267MOTOROLA SOLUTIONS INCMSI600$262,6860.03%
268AMERICAN EXPRESS COAXP964$259,4250.03%
269FORD MTR CO34537086025,661$257,3870.03%
270COSTCO WHSL CORP NEW22160K105261$246,8490.03%
271INTERNATIONAL BUSINESS MACHSINTR1,000$242,7400.03%
272YUM BRANDS INCYUM1,542$242,6490.03%
273GRAYSCALE BITCOIN TRUST ETFGBTC3,700$241,1290.03%
274UNION PAC CORPUNP1,000$230,5600.03%
275TYSON FOODS INCTSN3,500$218,3650.02%
276ISHARES TR4642878871,743$217,7970.02%
277INTUITINTU338$207,9550.02%
278ABBVIE INCABBV1,000$204,4300.02%
279NETAPP INCNTAP2,300$200,5370.02%
280UNITED PARCEL SERVICE INCUPS1,800$196,2090.02%
281GARMIN LTDGRMN900$191,6460.02%
282SYSCO CORPSYY2,500$185,8250.02%
283QUALCOMM INCQCOM1,200$180,9660.02%
284TAIWAN SEMICONDUCTOR MFG LTD8740391001,065$176,8010.02%
285DIGITAL RLTY TR INC2538681031,200$170,2920.02%
286GREENBRIER COS INC3936571013,300$168,2010.02%
287DARDEN RESTAURANTS INCDRI800$162,4400.02%
288AMERICAN TOWER CORP NEW03027X100700$151,5850.02%
289BLACKSTONE INCBX1,100$149,4900.02%
2903M COMMM1,000$143,9900.02%
291MORGAN STANLEYMS-PQ1,211$141,2870.02%
292CISCO SYS INCCSCO2,300$139,4490.02%
293PHILLIPS 66PSX1,100$133,3640.01%
294SUNCOR ENERGY INC NEWSU3,200$121,8240.01%
295MORGAN STANLEYMS-PQ1,000$113,7100.01%
296LAMAR ADVERTISING CO NEWLAMR1,000$113,3000.01%
297EMERSON ELEC COEMR1,000$107,9700.01%
298NCR VOYIX CORPORATIONNCRRP10,913$106,4020.01%
299PAYCHEX INCPAYX700$105,9800.01%
300CLEANSPARK INCCLSKW14,900$100,1280.01%
301PROLOGIS INC.PLDGP900$99,2790.01%
302CVS HEALTH CORPCVS1,400$93,5480.01%
303CONAGRA BRANDS INCCAG3,500$93,4850.01%
304NEXTERA ENERGY INCNEE-PW1,300$91,9230.01%
305RTX CORPORATIONRTX700$91,7420.01%
306AT&T INCT-PC3,100$87,6060.01%
307UBER TECHNOLOGIES INCUBER1,100$78,5400.01%
308NEWMONT CORPNEMCL1,500$72,7500.01%
309LYONDELLBASELL INDUSTRIES NLYB1,000$69,3700.01%
310PROCTER AND GAMBLE CO742718109400$67,2410.01%
311DEVON ENERGY CORP NEW25179M1031,800$65,8080.01%
312EOG RES INCEOG500$63,3050.01%
313ONEOK INC NEWOKE600$58,8900.01%
314VISTRA CORPVST500$56,9500.01%
315SPDR S&P 500 ETF TRSPY100$54,9830.01%
316VERIZON COMMUNICATIONS INCVZ1,200$54,3600.01%
317STARBUCKS CORPSBUX500$48,3100.01%
318WESTERN COPPER & GOLD CORPWRN38,312$43,4840.00%
319DATADOG INCDDOG400$39,7040.00%
320WOLFSPEED INCWOLF12,430$38,0360.00%
321MICROSOFT CORPMSFT100$37,2540.00%
322RING ENERGY INCREI30,000$34,5000.00%
323TAIWAN SEMICONDUCTOR MFG LTD874039100200$32,0720.00%
324KIMBERLY-CLARK CORPKMB200$28,2540.00%
325ROBINHOOD MKTS INC770700102600$23,8650.00%
326WASTE MGMT INC DEL94106L109100$22,8560.00%
327ZSCALER INCZS100$20,2320.00%
328JOHNSON & JOHNSONJNJ100$16,4370.00%
329PDD HOLDINGS INCPDD100$11,8840.00%
330CLOUDFLARE INCNET100$11,0250.00%
331CREDO TECHNOLOGY GROUP HOLDICRDO100$3,8540.00%