Institutional Manager · CIK 0001963967

CPA Asset Management LLC

WEST PALM BEACH, FL · File #028-22836

Latest AUM

$285.0M

Positions

106

Top-10 Concentration

61.1%

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
REDUCE	DIMENSIONAL ETF TRUST	25434V856	-193,840	-$8.1M	-$242,533
ADD	VANGUARD MALVERN FDS	922020714	+104,363	+$7.9M	-$17,918
ADD	DIMENSIONAL ETF TRUST	25434V864	+101,300	+$4.9M	-$43,628
ADD	FIDELITY MERRIMACK STR TR	316188309	+53,374	+$2.5M	-$125,361
ADD	DIMENSIONAL ETF TRUST	25434V625	+26,168	+$1.9M	+$5,187
ADD	AMERICAN CENTY ETF TR	025072794	+22,826	+$1.7M	+$140,826
ADD	SELECT SECTOR SPDR TR	81369Y803	+11,576	+$1.7M	-$1.6M
ADD	DIMENSIONAL ETF TRUST	25434V203	+36,974	+$1.4M	+$694,642
ADD	VANGUARD INDEX FDS	922908736	+2,715	+$1.3M	+$102,316
NEW	NVIDIA CORPORATION	NVDA	+6,643	+$1.2M	$0

Sector Allocation

Technology

3.2%$9.2M

Industrials

2.9%$8.2M

Consumer Discretionary

1.8%$5.2M

1.6%$4.5M

0.7%$1.9M

0.6%$1.8M

0.5%$1.5M

0.3%$1.0M

Communication Services

0.2%$548,154

Real Estate

0.1%$372,009

Filing History

Jan 13, 202613F HOLDINGS REPORTQ/E Dec 2025106 pos · $285.0M
Oct 21, 202513F HOLDINGS REPORTQ/E Sep 202589 pos · $259.4M
Jul 3, 202513F HOLDINGS REPORTQ/E Jun 202583 pos · $237.9M
Apr 21, 202513F HOLDINGS REPORTQ/E Mar 202584 pos · $227.2M
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 202478 pos · $215.2M
Oct 22, 202413F HOLDINGS REPORTQ/E Sep 202477 pos · $207.1M
Jul 11, 202413F HOLDINGS REPORTQ/E Jun 202476 pos · $186.7M
May 14, 202413F HOLDINGS REPORTQ/E Mar 202477 pos · $178.6M
Nov 2, 202313F HOLDINGS REPORTQ/E Dec 202370 pos · $142.6M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	FIDELITY MERRIMACK STR TR	316188309	680,180	$31.3M	11.80%
2	DIMENSIONAL ETF TRUST	25434V302	670,917	$21.9M	8.23%
3	ISHARES GOLD TR	IAU	249,090	$20.2M	7.62%
4	DIMENSIONAL ETF TRUST	25434V203	431,657	$16.5M	6.20%
5	DIMENSIONAL ETF TRUST	25434V831	393,179	$15.0M	5.63%
6	DIMENSIONAL ETF TRUST	25434V864	283,084	$13.6M	5.11%
7	VANGUARD MALVERN FDS	922020714	158,447	$12.0M	4.54%
8	BERKSHIRE HATHAWAY INC DEL	BRK-A	15	$11.3M	4.27%
9	VANGUARD INDEX FDS	922908629	37,073	$10.8M	4.05%
10	DIMENSIONAL ETF TRUST	25434V765	306,779	$9.7M	3.66%
11	DIMENSIONAL ETF TRUST	25434V401	110,142	$8.2M	3.08%
12	VANGUARD INDEX FDS	922908736	15,117	$7.4M	2.78%
13	AMERICAN CENTY ETF TR	025072794	92,566	$7.0M	2.64%
14	DIMENSIONAL ETF TRUST	25434V856	165,469	$6.9M	2.59%
15	ISHARES TR	46435G219	149,531	$6.8M	2.57%
16	CATERPILLAR INC	CAT	11,027	$6.3M	2.38%
17	DIMENSIONAL ETF TRUST	25434V500	84,303	$5.9M	2.21%
18	APPLE INC	AAPL	17,979	$4.9M	1.84%
19	VANGUARD SPECIALIZED FUNDS	921908844	19,983	$4.4M	1.65%
20	MCDONALDS CORP	MCD	11,105	$3.4M	1.28%