Institutional Manager · CIK 0001908695
Kearns & Associates LLC
Palos Verdes Estates, CA · File #028-21612
Latest AUM
$193.6M
Positions
40
Top-10 Concentration
88.1%
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 |
|---|---|---|---|---|---|
| EXITED | DISNEY WALT CO | 254687106 | -2,397 | -$274,457 | $0 |
| EXITED | UNION PAC CORP | 907818108 | -900 | -$212,733 | $0 |
| REDUCE | VANGUARD INDEX FDS | 922908363 | -320 | -$200,683 | +$1.3M |
| ADD | VANGUARD TAX-MANAGED FDS | 921943858 | +2,269 | +$141,745 | +$806,154 |
| ADD | VANGUARD INTL EQUITY INDEX F | 922042858 | +2,256 | +$121,283 | -$46,261 |
| REDUCE | SPDR S&P 500 ETF TR | SPY | -148 | -$100,924 | +$149,341 |
| REDUCE | THERMO FISHER SCIENTIFIC INC | TMO | -72 | -$41,720 | +$96,130 |
| ADD | SCHWAB STRATEGIC TR | 808524805 | +1,250 | +$30,050 | +$65,938 |
| ADD | SCHWAB STRATEGIC TR | 808524706 | +610 | +$19,978 | -$15,648 |
| REDUCE | STRYKER CORPORATION | SYK | -50 | -$17,574 | -$17,471 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202540 pos · $193.6M
- 13F HOLDINGS REPORTQ/E Sep 202542 pos · $188.4M
- 13F HOLDINGS REPORTQ/E Jun 202544 pos · $174.4M
- 13F HOLDINGS REPORTQ/E Mar 202542 pos · $154.2M
- 13F HOLDINGS REPORTQ/E Dec 202443 pos · $154.7M
- 13F HOLDINGS REPORTQ/E Sep 202443 pos · $151.7M
- 13F HOLDINGS REPORTQ/E Jun 202442 pos · $133.9M
- 13F HOLDINGS REPORTQ/E Mar 202442 pos · $129.1M
- 13F HOLDINGS REPORTQ/E Dec 202343 pos · $106.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908769 | 174,771 | $58.6M | 30.27% |
| 2 | VANGUARD INDEX FDS | 922908363 | 90,937 | $57.0M | 29.46% |
| 3 | VANGUARD TAX-MANAGED FDS | 921943858 | 318,398 | $19.9M | 10.28% |
| 4 | VANGUARD INDEX FDS | 922908751 | 39,028 | $10.1M | 5.20% |
| 5 | SPDR S&P 500 ETF TR | SPY | 9,340 | $6.4M | 3.29% |
| 6 | VANGUARD INTL EQUITY INDEX F | 922042858 | 112,346 | $6.0M | 3.12% |
| 7 | APPLE INC | AAPL | 20,743 | $5.6M | 2.91% |
| 8 | ROYALTY PHARMA PLC | RPRX | 70,740 | $2.7M | 1.41% |
| 9 | SCHWAB STRATEGIC TR | 808524805 | 88,010 | $2.1M | 1.09% |
| 10 | MICROSOFT CORP | MSFT | 4,305 | $2.1M | 1.08% |
| 11 | VANGUARD INDEX FDS | 922908736 | 4,267 | $2.1M | 1.08% |
| 12 | ALPHABET INC | GOOG | 4,800 | $1.5M | 0.78% |
| 13 | ALPHABET INC | GOOG | 4,800 | $1.5M | 0.78% |
| 14 | INNOVATOR ETFS TRUST | INHD | 25,755 | $1.2M | 0.62% |
| 15 | VISA INC | V | 3,200 | $1.1M | 0.58% |
| 16 | AMAZON COM INC | AMZN | 4,660 | $1.1M | 0.56% |
| 17 | BANK AMERICA CORP | 060505104 | 19,500 | $1.1M | 0.55% |
| 18 | ISHARES TR | 464287549 | 8,226 | $1.1M | 0.55% |
| 19 | AMERICAN EXPRESS CO | AXP | 2,800 | $1.0M | 0.54% |
| 20 | SCHWAB CHARLES CORP | SCHW-PJ | 9,000 | $899,190 | 0.46% |