HOLLENCREST CAPITAL MANAGEMENT

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CIK 1161722

13F portfolio (2026-Q1)

$2.7B

Positions

1,169

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

1168

Top 5

38.3%

Top 10

50.9%

Effective N

22.7

HHI

0.044

This quarter

137 new · 0 exit →

By sector

Unclassified56.8%

Information Technology16.0%

Consumer Discretionary7.8%

Financials7.0%

Communication Services4.2%

Materials3.3%

Industrials1.8%

Consumer Staples1.0%

Other2.1%

By market cap

Unknown58.5%

Mega (>$200B)30.5%

Large ($10–200B)9.9%

Mid ($2–10B)0.7%

Small ($300M–2B)0.3%

Micro (<$300M)0.1%

By region

Other56.8%

North America42.8%

Africa0.3%

Europe0.1%

Asia-Pacific0.0%

Middle East0.0%

Latin America0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	57.38%	500
Technology Hardware & Equipment	10.35%	34
Specialty Retail	6.45%	23
Software & IT Services	4.13%	26
Software	3.27%	33
Metals & Mining	2.94%	47
Commercial Services & Supplies	2.75%	25
Insurance	2.66%	29
Semiconductors & Semiconductor Equipment	1.81%	32
Road & Rail	1.36%	5
Banks	1.04%	44
Automobiles & Components	0.93%	9
Tobacco	0.88%	3
Utilities	0.70%	29
Health Care Equipment & Supplies	0.52%	18
Oil, Gas & Consumable Fuels	0.46%	27
Hotels, Restaurants & Leisure	0.41%	18
Pharmaceuticals & Biotechnology	0.33%	39
Electrical Equipment & Components	0.29%	9
Construction Materials	0.23%	8
Communications Equipment	0.18%	7
Capital Markets	0.17%	25
Machinery	0.12%	27
Equity Real Estate Investment Trusts (REITs)	0.12%	19
Beverages	0.09%	6
Chemicals	0.07%	19
Aerospace & Defense	0.06%	19
Construction & Engineering	0.05%	12
Media & Entertainment	0.05%	7
Food & Staples Retailing	0.04%	2
Food Products	0.03%	10
Health Care Providers & Services	0.03%	6
Paper & Forest Products	0.03%	7
Distributors	0.03%	11
Entertainment	0.02%	2
Transportation Infrastructure	0.02%	1
Diversified Telecommunication Services	0.02%	7
Professional Services	0.00%	3
Airlines	0.00%	7
Marine	0.00%	3
Life Sciences Tools & Services	0.00%	4
Household Durables	0.00%	1
Agricultural Products	0.00%	2
Textiles, Apparel & Luxury Goods	0.00%	1
Leisure Products	0.00%	1
Coal & Consumable Fuels	0.00%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	VOO	VANGUARD INDEX FDS	Unclassified	14.16%
2	AAPL	Apple Inc.	Information Technology	9.85%
3	SPY	STATE STR SPDR S&P 500 ETF T	Unclassified	6.45%
4	QQQ	INVESCO QQQ TR	Unclassified	3.94%
5	QQQM	INVESCO EXCH TRADED FD TR II	Unclassified	3.91%
6	GOOGL	Alphabet Inc.	Communication Services	3.40%
7	COST	COSTCO WHOLESALE CORP /NEW	Consumer Discretionary	2.62%
8	BRK.A	BERKSHIRE HATHAWAY INC DEL	Unclassified	2.54%
9	MSFT	MICROSOFT CORP	Information Technology	2.02%
10	RSDE	FT VEST U.S. EQUITY EQUAL WEIGHT BUFFER ETF - DECEMBER	Unclassified	2.02%

670/1168 names classified · sector 43.2% of weight · industry 42.6% · mkt cap 41.5%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 50 quarters

Information TechnologyAAPL, CRM, MSFT, TSM, INTC · other

FinancialsBRK.B, FNF, V, UNH, MA · other

IndustrialsUPS, FIS, CAT, CMI, BA · other

Consumer DiscretionaryAMZN, COST, TSLA, HD, HLF · other

Health CarePFE, IMA, MRK, JNJ, SYK · other

Consumer StaplesPM, MO, KO, PEP, HAIN · other

Communication ServicesGOOGL, GOOG, META, VZ, T · other

MaterialsPG, AEM, AA, NEM, AU · other

UtilitiesOKE, WMB, ET, EPD, TRGP · other

EnergyXOM, CVX, SUN, BTU, GEL · other

Real EstateAGNC, CCI, NLY, RYN, SPG · other

UnclassifiedSPY, QQQ, VOO, POWERSHARES QQQ TRUST, QQQM · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 43.2% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 40% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (468 classified)HOLLENCREST CAPITAL MANAGEMENT centroid (Large Core)

Information TechnologyConsumer DiscretionaryFinancialsCommunication ServicesIndustrialsMaterialsConsumer StaplesHealth CareUtilitiesEnergyReal Estate

Style box summary for HOLLENCREST CAPITAL MANAGEMENT: centroid Large Core. Heaviest cells: Large Growth 16.8%, Large Core 13.7%, Large Value 5.4%.

Classified: 40.1% of book weight (468/1159 names) · unclassified 59.9%: VOO, SPY, QQQ, QQQM, BRK.A, RSDE, XLK, PPLT, GDEC, VGT +681 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 1,169 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	VOOVANGUARD INDEX FDS	636,748	$380M	14.2%	HOLD
2	AAPLAPPLE INC	1,042,697	$265M	9.8%	HOLD
3	SPYSTATE STR SPDR S&P 500 ETF T	266,448	$173M	6.4%	HOLD
4	QQQINVESCO QQQ TR	183,346	$106M	3.9%	HOLD
5	QQQMINVESCO EXCH TRADED FD TR II	441,718	$105M	3.9%	HOLD
6	GOOGLALPHABET INC	317,804	$91M	3.4%	TRIM −3%
7	COSTCOSTCO WHSL CORP NEW	70,561	$70M	2.6%	ADD 3%
8	BRK.ABERKSHIRE HATHAWAY INC DEL	95	$68M	2.5%	HOLD
9	MSFTMICROSOFT CORP	146,650	$54M	2.0%	TRIM −2%
10	RSDEFT VEST U.S. EQUITY EQUAL WEIGHT BUFFER ETF - DECEMBER	2,471,609	$54M	2.0%	ADD 3%
11	XLKSELECT SECTOR SPDR TR	363,414	$48M	1.8%	HOLD
12	PPLTABRDN PLATINUM ETF TRUST	231,738	$41M	1.5%	HOLD
13	GDECFIRST TR EXCHNG TRADED FD VI	1,114,350	$41M	1.5%	HOLD
14	VGTVANGUARD WORLD FD	58,735	$41M	1.5%	HOLD
15	ZALTINNOVATOR ETFS TRUST	1,232,961	$40M	1.5%	HOLD
16	QBUFINNOVATOR ETFS TRUST	1,369,091	$40M	1.5%	HOLD
17	GLDSPDR GOLD TR	88,695	$38M	1.4%	TRIM −42%
18	UNHUNITEDHEALTH GROUP INC	135,649	$37M	1.4%	HOLD
19	UPSUNITED PARCEL SERVICE INC	368,672	$36M	1.3%	HOLD
20	MAMASTERCARD INCORPORATED	71,739	$36M	1.3%	HOLD
21	PSLVSPROTT ASSET MANAGEMENT LP	1,377,394	$34M	1.3%	HOLD
22	HDHOME DEPOT INC	101,665	$33M	1.2%	HOLD
23	VVISA INC	109,539	$33M	1.2%	HOLD
24	USFRWISDOMTREE TR	546,971	$28M	1.0%	ADD 5264%
25	TSLATESLA INC	65,122	$24M	0.9%	HOLD
26	CRMSALESFORCE INC	127,923	$24M	0.9%	HOLD
27	VTIVANGUARD INDEX FDS	73,196	$23M	0.9%	HOLD
28	AMATAPPLIED MATLS INC	66,524	$23M	0.8%	HOLD
29	TJXTJX COS INC NEW	122,478	$20M	0.7%	HOLD
30	CITHE CIGNA GROUP	71,834	$19M	0.7%	HOLD
31	JPMJPMORGAN CHASE & CO	62,766	$18M	0.7%	TRIM −7%
32	PMPHILIP MORRIS INTL INC	108,317	$18M	0.7%	TRIM −12%
33	ULTAULTA BEAUTY INC	34,163	$18M	0.7%	HOLD
34	CEFSPROTT ASSET MANAGEMENT LP	356,183	$17M	0.6%	HOLD
35	AMZNAMAZON COM INC	73,600	$15M	0.6%	HOLD
36	GOOGALPHABET INC	51,983	$15M	0.6%	HOLD
37	GDXJVANECK ETF TRUST	122,976	$15M	0.5%	HOLD
38	ONEQFIDELITY COMWLTH TR	171,836	$15M	0.5%	HOLD
39	BRK.BBERKSHIRE HATHAWAY INC DEL	30,161	$14M	0.5%	HOLD
40	OKEONEOK INC NEW	151,792	$14M	0.5%	HOLD
41	NVDANVIDIA CORPORATION	72,262	$13M	0.5%	TRIM −15%
42	FNFFIDELITY NATL FINL INC	260,943	$12M	0.5%	HOLD
43	AEMAGNICO EAGLE MINES LTD	55,348	$11M	0.4%	HOLD
44	IVVISHARES TR	16,542	$11M	0.4%	TRIM −77%
45	PDXPIMCO DYNAMIC INCOME STRATEG	484,764	$11M	0.4%	HOLD
46	SPYMSPDR SERIES TRUST	132,297	$10M	0.4%	HOLD
47	VUGVANGUARD INDEX FDS	20,993	$9M	0.3%	HOLD
48	AAAlcoa Upstream Corp.	131,995	$9M	0.3%	ADD 2%
49	SYKSTRYKER CORPORATION	25,438	$8M	0.3%	HOLD
50	NEMNEWMONT CORP	74,846	$8M	0.3%	ADD 27%
51	VIGVANGUARD SPECIALIZED FUNDS	37,493	$8M	0.3%	HOLD
52	VGKVANGUARD INTL EQUITY INDEX F	97,692	$8M	0.3%	HOLD
53	ITOTISHARES TR	55,719	$8M	0.3%	ADD 5%
54	AZOAUTOZONE INC	2,156	$7M	0.3%	HOLD
55	ICSHISHARES TR	141,262	$7M	0.3%	HOLD
56	AUANGLOGOLD ASHANTI PLC	68,959	$7M	0.2%	HOLD
57	PAASPAN AMERN SILVER CORP	120,675	$7M	0.2%	HOLD
58	GDXVANECK ETF TRUST GOLD MINERS ETF	68,640	$6M	0.2%	TRIM −19%
59	KLACKLA CORP	4,085	$6M	0.2%	TRIM −20%
60	MCDMCDONALDS CORP	18,715	$6M	0.2%	HOLD
61	CDECOEUR MNG INC	307,190	$6M	0.2%	HOLD
62	MOALTRIA GROUP INC	85,841	$6M	0.2%	HOLD
63	XOMEXXON MOBIL CORP	33,206	$6M	0.2%	ADD 58%
64	VDEVANGUARD WORLD FD	32,531	$6M	0.2%	HOLD
65	PLTRPALANTIR TECHNOLOGIES INC	34,715	$5M	0.2%	TRIM −29%
66	WMTWALMART INC	38,733	$5M	0.2%	ADD 94%
67	CCJCAMECO CORP	43,111	$5M	0.2%	ADD 2%
68	HLHECLA MNG CO	249,745	$5M	0.2%	HOLD
69	GEVGE VERNOVA INC	5,299	$5M	0.2%	ADD 24%
70	SCHXSCHWAB U.S. LARGE-CAP ETF	166,616	$4M	0.2%	HOLD
71	LOWLOWES COS INC	18,037	$4M	0.2%	HOLD
72	BACBANK AMERICA CORP	87,304	$4M	0.2%	HOLD
73	TUASIMPLIFY EXCHANGE TRADED FUN	201,303	$4M	0.2%	HOLD
74	USASAMERICAS GOLD AND SILVER COR	811,045	$4M	0.2%	ADD 11%
75	CMDTPIMCO ETF TR	128,784	$4M	0.2%	HOLD
76	BBARRICK MNG CORP	91,329	$4M	0.1%	HOLD
77	JNJJOHNSON & JOHNSON	15,204	$4M	0.1%	ADD 142%
78	IEMGISHARES INC	52,048	$4M	0.1%	TRIM −3%
79	PMBSPIMCO ETF TR	73,013	$4M	0.1%	HOLD
80	GLWCORNING INC	26,451	$4M	0.1%	ADD 174%
81	FXYINVESCO CURRENCYSHARES JAPAN	60,000	$3M	0.1%	HOLD
82	AVGOBROADCOM INC	11,120	$3M	0.1%	TRIM −35%
83	MUCBLACKROCK MUNIHLDNGS CALI QL	307,635	$3M	0.1%	ADD 36%
84	PHYSSprott Physical Gold Trust	88,780	$3M	0.1%	TRIM −2%
85	IEFAISHARES TR	34,191	$3M	0.1%	HOLD
86	FISFIDELITY NATL INFORMATION SV	65,011	$3M	0.1%	HOLD
87	XLESELECT SECTOR SPDR TR	49,774	$3M	0.1%	HOLD
88	METAMETA PLATFORMS INC	5,224	$3M	0.1%	HOLD
89	EWEDWARDS LIFESCIENCES CORP	36,121	$3M	0.1%	HOLD
90	PANWPALO ALTO NETWORKS INC	17,688	$3M	0.1%	TRIM −15%
91	FCXFREEPORT MCMORAN INC	47,249	$3M	0.1%	ADD 4%
92	URNMSPROTT FDS TR	42,185	$3M	0.1%	HOLD
93	AGGISHARES TR	26,570	$3M	0.1%	ADD 10%
94	EQXEQUINOX GOLD CORP	181,628	$3M	0.1%	ADD 219%
95	EWGISHARES INC MSCI GERMANY ETF	65,575	$3M	0.1%	HOLD
96	GEGE AEROSPACE	9,054	$3M	0.1%	HOLD
97	IUSGISHARES TR	15,679	$2M	0.1%	HOLD
98	TMFDIREXION SHS ETF TR	66,968	$2M	0.1%	TRIM −3%
99	IWMISHARES TR	9,335	$2M	0.1%	HOLD
100	ATOMATOMERA INC	597,199	$2M	0.1%	HOLD
101	BONDPIMCO ETF TR	24,484	$2M	0.1%	HOLD
102	AGNCAGNC Investment Corp	220,800	$2M	0.1%	HOLD
103	HWMHOWMET AEROSPACE INC	9,280	$2M	0.1%	ADD 44%
104	IGSBISHARES TR	40,018	$2M	0.1%	ADD 10%
105	MUMICRON TECHNOLOGY INC	6,018	$2M	0.1%	ADD 373%
106	GLDMWORLD GOLD TR	21,905	$2M	0.1%	HOLD
107	VISVANGUARD WORLD FD	6,441	$2M	0.1%	HOLD
108	LITELUMENTUM HLDGS INC	2,860	$2M	0.1%	TRIM −29%
109	BILSPDR SERIES TRUST	21,627	$2M	0.1%	ADD 16161%
110	XLUSELECT SECTOR SPDR TR	43,159	$2M	0.1%	HOLD
111	VXUSVANGUARD STAR FDS	25,674	$2M	0.1%	HOLD
112	ISRGINTUITIVE SURGICAL INC	4,209	$2M	0.1%	HOLD
113	RSPINVESCO EXCHANGE TRADED FD T	9,909	$2M	0.1%	ADD 25%
114	SBUXSTARBUCKS CORP	20,410	$2M	0.1%	HOLD
115	SDYSPDR SER TR	12,267	$2M	0.1%	HOLD
116	DGRWWISDOMTREE TR	20,369	$2M	0.1%	HOLD
117	VXFVANGUARD INDEX FDS	8,584	$2M	0.1%	HOLD
118	ADBEADOBE INC	7,045	$2M	0.1%	HOLD
119	EWJISHARES INC	20,000	$2M	0.1%	NEW
120	FEZSPDR INDEX SHS FDS	27,076	$2M	0.1%	HOLD
121	SILGLOBAL X FDS	18,591	$2M	0.1%	HOLD
122	EFAISHARES TR	16,334	$2M	0.1%	HOLD
123	TOTLSSGA ACTIVE ETF TR	39,364	$2M	0.1%	TRIM −5%
124	CVXCHEVRON CORP NEW	7,470	$2M	0.1%	ADD 3%
125	SNDKSANDISK CORP	2,420	$2M	0.1%	ADD 69%
126	SVMSILVERCORP METALS INC	140,900	$2M	0.1%	HOLD
127	XTNSPDR SERIES TRUST	16,000	$1M	0.1%	HOLD
128	BSVVANGUARD BD INDEX FDS	18,696	$1M	0.1%	ADD 19%
129	CNNECANNAE HLDGS INC	128,436	$1M	0.1%	HOLD
130	AMGNAMGEN INC	4,073	$1M	0.1%	HOLD
131	MFCMANULIFE FINL CORP	40,786	$1M	0.1%	HOLD
132	ABBVABBVIE INC	6,287	$1M	0.1%	HOLD
133	USRTISHARES TR	23,093	$1M	0.1%	TRIM −8%
134	SILJAMPLIFY ETF TR	45,683	$1M	0.1%	HOLD
135	PLTZTIDAL TRUST II	44,680	$1M	0.0%	NEW
136	SOCSABLE OFFSHORE CORP	79,079	$1M	0.0%	ADD 43%
137	WMBWILLIAMS COS INC	17,594	$1M	0.0%	HOLD
138	LRCXLAM RESEARCH CORP	5,837	$1M	0.0%	TRIM −54%
139	MSIMOTOROLA SOLUTIONS INC	2,873	$1M	0.0%	HOLD
140	HLTHILTON WORLDWIDE HLDGS INC	4,033	$1M	0.0%	HOLD
141	IVWISHARES TR	10,645	$1M	0.0%	HOLD
142	CCITIGROUP INC	10,513	$1M	0.0%	HOLD
143	NFLXNETFLIX INC	12,340	$1M	0.0%	ADD 15%
144	MGKVanguard Mega Cap Growth ETF	3,170	$1M	0.0%	TRIM −7%
145	BXBLACKSTONE INC	10,025	$1M	0.0%	TRIM −12%
146	IAGIAMGOLD CORP	60,998	$1M	0.0%	HOLD
147	FSMFORTUNA MNG CORP	114,100	$1M	0.0%	HOLD
148	GROBRAZIL POTASH CORP	347,435	$1M	0.0%	ADD 223%
149	URIUNITED RENTALS INC	1,480	$1M	0.0%	HOLD
150	WULFTERAWULF INC	74,250	$1M	0.0%	HOLD
151	SMMUPIMCO ETF TR	21,145	$1M	0.0%	HOLD
152	VLOVALERO ENERGY CORP	4,292	$1M	0.0%	HOLD
153	SSRMSSR MINING IN	35,592	$1M	0.0%	HOLD
154	TLTISHARES TR	12,041	$1M	0.0%	ADD 16%
155	SQQQPROSHARES TR	12,900	$1M	0.0%	ADD 100%
156	EWWISHARES INC MSCI MEXICO ETF	13,660	$1M	0.0%	HOLD
157	KRKROGER CO	14,190	$1M	0.0%	HOLD
158	IJHISHARES TR	15,180	$1M	0.0%	HOLD
159	REGLPROSHARES TR	11,827	$1M	0.0%	TRIM −33%
160	EMOCLEARBRIDGE ENERGY MIDSTRM O	19,285	$1M	0.0%	HOLD
161	TURISHARES INC	26,300	$1M	0.0%	HOLD
162	CATCATERPILLAR INC	1,366	$967,613	0.0%	ADD 7%
163	CSCOCISCO SYS INC	12,313	$955,359	0.0%	HOLD
164	MTZMASTEC INC	2,901	$933,368	0.0%	ADD 30%
165	CEGCONSTELLATION ENERGY CORP	3,222	$899,759	0.0%	HOLD
166	IWOISHARES TR	2,861	$897,837	0.0%	HOLD
167	IWBISHARES TR	2,504	$892,826	0.0%	ADD 13%
168	XEVTXEATON VANCE TAX ADVT DIV INC	35,450	$870,298	0.0%	TRIM −5%
169	TSMTAIWAN SEMICONDUCTOR MFG LTD	2,522	$852,310	0.0%	TRIM −29%
170	EIXEDISON INTL	11,523	$843,253	0.0%	HOLD
171	KDPKEURIG DR PEPPER INC	32,000	$842,560	0.0%	HOLD
172	ORCLORACLE CORP	5,712	$840,314	0.0%	TRIM −11%
173	COPCONOCOPHILLIPS	6,239	$823,548	0.0%	HOLD
174	XLVSELECT SECTOR SPDR TR	5,575	$817,301	0.0%	TRIM −3%
175	DBDEUTSCHE BK AG	27,216	$810,492	0.0%	HOLD
176	LQDISHARES TR	7,412	$807,834	0.0%	HOLD
177	AMDADVANCED MICRO DEVICES INC	3,971	$807,821	0.0%	ADD 11%
178	BBBLACKBERRY LTD	244,780	$793,087	0.0%	HOLD
179	IWVISHARES TR	2,116	$784,359	0.0%	HOLD
180	SHELSHELL PLC	7,906	$735,284	0.0%	HOLD
181	BCIETFS TR	29,785	$723,478	0.0%	HOLD
182	CMDYISHARES U S ETF TR	12,112	$719,695	0.0%	TRIM −12%
183	LLYELI LILLY & CO	768	$706,648	0.0%	ADD 3%
184	PGPROCTER AND GAMBLE CO	4,851	$700,744	0.0%	HOLD
185	MUXMCEWEN INC.	34,243	$699,242	0.0%	HOLD
186	NXTNEXTPOWER INC	5,658	$682,072	0.0%	NEW
187	NUENUCOR CORP	4,000	$676,400	0.0%	HOLD
188	GREKGLOBAL X FDS	10,333	$659,969	0.0%	HOLD
189	TSNTYSON FOODS INC	10,001	$640,761	0.0%	HOLD
190	NEENEXTERA ENERGY INC	6,861	$637,250	0.0%	HOLD
191	GSGOLDMAN SACHS GROUP INC	727	$614,832	0.0%	TRIM −16%
192	INTCINTEL CORP	13,860	$611,642	0.0%	HOLD
193	AGQPROSHARES TR II	5,105	$610,099	0.0%	TRIM −16%
194	APLDAPPLIED DIGITAL CORP	25,279	$600,123	0.0%	ADD 11%
195	TMOTHERMO FISHER SCIENTIFIC INC	1,215	$597,209	0.0%	HOLD
196	CIENCIENA CORP	1,534	$595,545	0.0%	TRIM −53%
197	VEAVANGUARD TAX-MANAGED FDS	9,189	$588,831	0.0%	ADD 29%
198	NACNUVEEN CA QUALTY MUN INCOME	49,563	$577,409	0.0%	HOLD
199	MRKMERCK & CO INC	4,777	$574,594	0.0%	ADD 6%
200	BKNGBOOKING HOLDINGS INC	134	$564,183	0.0%	TRIM −15%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

VOOVANGUARD INDEX FDS

632K

617K

624K

633K

638K

637K

$380M

AAPLAPPLE INC

1.1M

1.0M

1.1M

1.0M

$265M

SPYSTATE STR SPDR S&P 500 ETF T

344K

274K

271K

270K

269K

266K

$173M

QQQINVESCO QQQ TR

221K

186K

185K

184K

183K

$106M

QQQMINVESCO EXCH TRADED FD TR II

425K

422K

428K

439K

443K

442K

$105M

GOOGLALPHABET INC

324K

318K

317K

326K

318K

$91M

COSTCOSTCO WHSL CORP NEW

73K

69K

68K

71K

$70M

BRK/ABERKSHIRE HATHAWAY INC DEL

$68M

MSFTMICROSOFT CORP

149K

148K

151K

148K

150K

147K

$54M

RSDEFT VEST U.S. EQUITY EQUAL WEIGHT BUFFER ETF - DECEMBER

—

2.4M

2.5M

$54M

XLKSELECT SECTOR SPDR TR

190K

180K

184K

365K

363K

$48M

PPLTABRDN PLATINUM ETF TRUST

231K

232K

$41M

GDECFIRST TR EXCHNG TRADED FD VI

—

1.1M

$41M

VGTVANGUARD WORLD FD

59K

$41M

ZALTINNOVATOR ETFS TRUST

—

1.2M

$40M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆HOLLENCREST CAPITAL MANAGEMENT

Implied return what this book implies · modeled, not advice methodology →

Exposures · what this manager owns, by sector & size (2026-Q1)

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Contribution holdings-based, any period

Holdings· 1,169 positions (2026-Q1) · largest first · Δ vs 2025-Q4

Position trends· top 15 holdings · shares held over 6 quarters

Related· where to look next

HOLLENCREST CAPITAL MANAGEMENT