Institutional Manager · CIK 0001567889
Telos Capital Management, Inc.
SAN DIEGO, CA · File #028-15179
Latest AUM
$1.07B
Positions
196
Top-10 Concentration
39.4%
Filings
9
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 |
|---|---|---|---|---|---|
| ADD | EOG RES INC | EOG | +68,498 | +$7.2M | -$485,664 |
| ADD | SERVICENOW INC | NOW | +44,620 | +$6.8M | -$4.8M |
| ADD | AMERICAN CENTY ETF TR | 025072604 | +61,520 | +$4.7M | +$24,476 |
| ADD | NETFLIX INC | NFLX | +43,014 | +$4.0M | -$4.9M |
| NEW | NIKE INC | NKE | +35,198 | +$2.2M | $0 |
| REDUCE | JACOBS SOLUTIONS INC | J | -15,669 | -$2.1M | -$1.6M |
| REDUCE | ALPHABET INC | GOOG | -6,416 | -$2.0M | +$7.8M |
| REDUCE | ASML HOLDING N V | ASMLF | -1,692 | -$1.8M | +$1.1M |
| REDUCE | TE CONNECTIVITY PLC | TEL | -6,555 | -$1.5M | +$373,495 |
| REDUCE | MORGAN STANLEY | MS-PQ | -8,094 | -$1.4M | +$2.6M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025196 pos · $1.07B
- 13F HOLDINGS REPORTQ/E Sep 2025194 pos · $1.04B
- 13F HOLDINGS REPORTQ/E Jun 2025196 pos · $982.2M
- 13F HOLDINGS REPORTQ/E Mar 2025191 pos · $917.8M
- 13F HOLDINGS REPORTQ/E Dec 2024197 pos · $937.6M
- 13F HOLDINGS REPORTQ/E Sep 2024196 pos · $952.8M
- 13F HOLDINGS REPORTQ/E Jun 2024192 pos · $902.2M
- 13F HOLDINGS REPORTQ/E Mar 2024194 pos · $886.9M
- 13F HOLDINGS REPORTQ/E Dec 2023187 pos · $719.4M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 225,706 | $61.4M | 7.96% |
| 2 | VANGUARD INDEX FDS | 922908769 | 124,363 | $41.7M | 5.41% |
| 3 | ALPHABET INC | GOOG | 105,355 | $33.0M | 4.28% |
| 4 | QUALCOMM INC | QCOM | 189,103 | $32.3M | 4.20% |
| 5 | VANGUARD INTL EQUITY INDEX F | 922042775 | 352,707 | $25.9M | 3.37% |
| 6 | MORGAN STANLEY | MS-PQ | 133,139 | $23.6M | 3.07% |
| 7 | AMAZON COM INC | AMZN | 94,822 | $21.9M | 2.84% |
| 8 | VISA INC | V | 60,872 | $21.3M | 2.77% |
| 9 | HOME DEPOT INC | HD | 61,714 | $21.2M | 2.75% |
| 10 | PEPSICO INC | PEP | 146,242 | $21.0M | 2.72% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 64,715 | $20.9M | 2.70% |
| 12 | VANGUARD TAX-MANAGED FDS | 921943858 | 315,989 | $19.7M | 2.56% |
| 13 | ALPHABET INC | GOOG | 57,531 | $18.1M | 2.34% |
| 14 | NORTHROP GRUMMAN CORP | NOC | 29,570 | $16.9M | 2.19% |
| 15 | CHEVRON CORP NEW | CVX | 108,026 | $16.5M | 2.14% |
| 16 | PROCTER AND GAMBLE CO | 742718109 | 113,294 | $16.2M | 2.11% |
| 17 | TRAVELERS COMPANIES INC | TRV | 51,643 | $15.0M | 1.94% |
| 18 | PALO ALTO NETWORKS INC | PANW | 79,640 | $14.7M | 1.90% |
| 19 | MICROSOFT CORP | MSFT | 29,947 | $14.5M | 1.88% |
| 20 | EOG RES INC | EOG | 136,802 | $14.4M | 1.86% |