Institutional Manager · CIK 0001958491

Hofer & Associates. Inc

THOUSAND OAKS, CA · File #028-22713

Latest AUM

$188.7M

Positions

Top-10 Concentration

56.7%

Filings

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	AMGEN INC	AMGN	+14,302	+$4.7M	+$579,099
ADD	META PLATFORMS INC	META	+916	+$604,778	-$66,855
ADD	SPDR SERIES TRUST	78464A854	+6,182	+$495,917	+$56,308
ADD	VANGUARD MALVERN FDS	922020748	+5,158	+$401,781	-$44,476
ADD	SPDR SERIES TRUST	78468R663	+4,364	+$398,783	-$70,394
ADD	SPDR SERIES TRUST	78464A508	+6,841	+$388,637	+$311,513
ADD	SSGA ACTIVE TR	78470P200	+6,573	+$310,772	-$15,018
NEW	HCA HEALTHCARE INC	HCA	+660	+$308,128	$0
NEW	PROGRESSIVE CORP	743315103	+1,070	+$243,743	$0
ADD	VANGUARD SCOTTSDALE FDS	92206C870	+2,803	+$234,753	-$16,893

Sector Allocation

Technology

9.1%$17.2M

Healthcare

6.3%$12.0M

Consumer Discretionary

2.4%$4.5M

Consumer Staples

0.8%$1.6M

Financials

0.8%$1.5M

Communication Services

0.6%$1.2M

Energy

0.1%$291,443

Real Estate

0.1%$227,708

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 202566 pos · $188.7M
Oct 21, 202513F HOLDINGS REPORTQ/E Sep 202560 pos · $174.6M
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 202555 pos · $160.3M
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 202557 pos · $147.3M
Jan 24, 202513F HOLDINGS REPORTQ/E Dec 202460 pos · $149.0M
Oct 21, 202413F HOLDINGS REPORTQ/E Sep 202460 pos · $145.0M
Jul 18, 202413F HOLDINGS REPORTQ/E Jun 202456 pos · $129.0M
Apr 22, 202413F HOLDINGS REPORTQ/E Mar 202455 pos · $118.8M
Oct 13, 202313F HOLDINGS REPORTQ/E Dec 202348 pos · $97.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR SERIES TRUST	78464A409	205,058	$21.9M	11.84%
2	SPDR SERIES TRUST	78468R663	194,708	$17.8M	9.62%
3	SPDR SERIES TRUST	78464A508	217,336	$12.3M	6.68%
4	VANGUARD INDEX FDS	922908736	22,758	$11.1M	6.01%
5	AMGEN INC	AMGN	27,140	$8.9M	4.81%
6	VANGUARD MALVERN FDS	922020748	91,391	$7.1M	3.85%
7	SSGA ACTIVE TR	78470P200	149,814	$7.1M	3.83%
8	VANGUARD SPECIALIZED FUNDS	921908844	29,626	$6.5M	3.52%
9	APPLE INC	AAPL	22,827	$6.2M	3.36%
10	VANGUARD WHITEHALL FDS	921946406	41,102	$5.9M	3.19%
11	NVIDIA CORPORATION	NVDA	29,487	$5.5M	2.97%
12	BERKSHIRE HATHAWAY INC DEL	BRK-A	10,607	$5.3M	2.88%
13	SPDR SERIES TRUST	78468R853	111,889	$5.2M	2.84%
14	SCHWAB STRATEGIC TR	808524797	188,626	$5.2M	2.80%
15	VANGUARD INDEX FDS	922908629	16,050	$4.7M	2.52%
16	ISHARES TR	46432F842	50,132	$4.5M	2.43%
17	ISHARES TR	464288885	38,503	$4.4M	2.37%
18	ISHARES TR	464287481	31,136	$4.3M	2.31%
19	VANGUARD SCOTTSDALE FDS	92206C870	49,887	$4.2M	2.26%
20	SSGA ACTIVE ETF TR	78467V608	88,201	$3.6M	1.97%