Institutional Manager · CIK 0001040410
MSA Advisors, LLC
SANTA MONICA, CA · File #028-23881
Latest AUM
$399.4M
Positions
31
Top-10 Concentration
90.1%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | iShares Silver Trust | SLV | +477,745 | +$30.8M | $0 |
| REDUCE | SPDR S&P 500 ETF TRUST | SPY | -22,630 | -$15.4M | +$1.8M |
| REDUCE | SPOTIFY TECHNOLOGY S A | SPOT | -17,000 | -$9.9M | -$2.5M |
| REDUCE | APOLLO GLOBAL MANAGEMENT INC | 03769M106 | -56,400 | -$8.2M | +$10.5M |
| REDUCE | DISNEY WALT CO | 254687106 | -56,080 | -$6.4M | -$61,810 |
| REDUCE | LIVE NATION ENTERTAINMENT IN | LYV | -37,230 | -$5.3M | -$3.9M |
| NEW | ISHARES BITCOIN TRUST | IBIT | +95,670 | +$4.8M | $0 |
| ADD | APPLE INC | AAPL | +11,119 | +$3.0M | +$1.0M |
| EXITED | SHOPIFY INC | 82509L107 | -19,500 | -$2.9M | $0 |
| ADD | VAIL RESORTS INC | MTN | +14,600 | +$1.9M | -$771,420 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202531 pos · $399.4M
- 13F HOLDINGS REPORTQ/E Sep 202530 pos · $400.2M
- 13F HOLDINGS REPORTQ/E Jun 202528 pos · $398.7M
- 13F HOLDINGS REPORTQ/E Mar 202530 pos · $390.5M
- 13F HOLDINGS REPORTQ/E Dec 202431 pos · $399.8M
- 13F HOLDINGS REPORTQ/E Sep 202429 pos · $387.6M
- 13F HOLDINGS REPORTQ/E Jun 202427 pos · $348.8M
- 13F HOLDINGS REPORTQ/E Mar 202423 pos · $334.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APOLLO GLOBAL MANAGEMENT INC | 03769M106 | 859,802 | $124.5M | 31.16% |
| 2 | SPDR S&P 500 ETF TRUST | SPY | 91,379 | $62.3M | 15.60% |
| 3 | iShares Silver Trust | SLV | 477,745 | $30.8M | 7.71% |
| 4 | STARBUCKS CORP | SBUX | 344,057 | $29.0M | 7.25% |
| 5 | ALPHABET INC | GOOG | 90,715 | $28.5M | 7.13% |
| 6 | LIVE NATION ENTERTAINMENT IN | LYV | 147,975 | $21.1M | 5.28% |
| 7 | APPLE INC | AAPL | 71,143 | $19.3M | 4.84% |
| 8 | MICROSOFT CORP | MSFT | 36,100 | $17.5M | 4.37% |
| 9 | META PLATFORMS INC | META | 24,336 | $16.1M | 4.02% |
| 10 | TPG INC | TPGXL | 169,493 | $10.8M | 2.71% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 27,350 | $8.8M | 2.21% |
| 12 | VAIL RESORTS INC | MTN | 60,600 | $8.0M | 2.01% |
| 13 | ISHARES BITCOIN TRUST | IBIT | 95,670 | $4.8M | 1.19% |
| 14 | DISNEY WALT CO | 254687106 | 28,590 | $3.3M | 0.81% |
| 15 | KLARNA GROUP PLC | KLAR | 99,768 | $2.9M | 0.72% |
| 16 | KLARNA GROUP PLC | LLY | 2,500 | $2.7M | 0.67% |
| 17 | SPOTIFY TECHNOLOGY S A | SPOT | 4,275 | $2.5M | 0.62% |
| 18 | VANGUARD INDEX FDS | 922908363 | 2,093 | $1.3M | 0.33% |
| 19 | BANK AMERICA CORP | 060505104 | 20,000 | $1.1M | 0.28% |
| 20 | THE BEACHBODY COMPANY INC | 073463309 | 90,085 | $933,281 | 0.23% |