Filed: 10/22/2025ACC: 0001172661-25-004360
📋 What this filing means
KEARNS & ASSOCIATES LLC filed this quarterly 13F‑HR report disclosing 42 equity positions with a total reported market value of $188.38M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$188.38M
Total AUM (reported)
1.16M
Total Shares
Allocation by class
TOTAL STK MKT$57.37M30.5%
S&P 500 ETF SHS$55.88M29.7%
VAN FTSE DEV MKT$18.94M10.1%
COM$16.87M9.0%
SMALL CP ETF$9.92M5.3%
TR UNIT$6.32M3.4%
FTSE EMR MKT ETF$5.96M3.2%
Portfolio Concentration
Top 3$132.20M70.2%
4–10$34.26M18.2%
11–25$15.26M8.1%
Rest$6.67M3.5%
Top 3 weight
70.2%
Top 10 weight
88.4%
Voting Authority Distribution
Total shares with voting rights: 1.16M
Sole
Full voting authority
1.16M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole42
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings42
Rows:
VANGUARD INDEX FDS
SOLEShares174.82K
TypeSH
Market value$57.37M
30.45%
Sole
174.82K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares91.26K
TypeSH
Market value$55.88M
29.67%
Sole
91.26K
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares316.13K
TypeSH
Market value$18.94M
10.06%
Sole
316.13K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares39K
TypeSH
Market value$9.92M
5.26%
Sole
39K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares9.49K
TypeSH
Market value$6.32M
3.36%
Sole
9.49K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares110.09K
TypeSH
Market value$5.96M
3.17%
Sole
110.09K
Shared
0.00
None
0.00
APPLE INC
SOLEShares20.74K
TypeSH
Market value$5.28M
2.80%
Sole
20.74K
Shared
0.00
None
0.00
ROYALTY PHARMA PLC
SOLEShares70.74K
TypeSH
Market value$2.50M
1.32%
Sole
70.74K
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares4.30K
TypeSH
Market value$2.23M
1.18%
Sole
4.30K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares4.27K
TypeSH
Market value$2.05M
1.09%
Sole
4.27K
Shared
0.00
None
0.00
SCHWAB STRATEGIC TR
SOLEShares86.76K
TypeSH
Market value$2.02M
1.07%
Sole
86.76K
Shared
0.00
None
0.00
INNOVATOR ETFS TRUST
SOLEShares25.75K
TypeSH
Market value$1.17M
0.62%
Sole
25.75K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares4.80K
TypeSH
Market value$1.17M
0.62%
Sole
4.80K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares4.80K
TypeSH
Market value$1.17M
0.62%
Sole
4.80K
Shared
0.00
None
0.00
VISA INC
SOLEShares3.20K
TypeSH
Market value$1.09M
0.58%
Sole
3.20K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares8.23K
TypeSH
Market value$1.04M
0.55%
Sole
8.23K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares4.66K
TypeSH
Market value$1.02M
0.54%
Sole
4.66K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares19.50K
TypeSH
Market value$1.01M
0.53%
Sole
19.50K
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares2.80K
TypeSH
Market value$930.0K
0.49%
Sole
2.80K
Shared
0.00
None
0.00
SCHWAB CHARLES CORP
SOLEShares9K
TypeSH
Market value$859.2K
0.46%
Sole
9K
Shared
0.00
None
0.00
SCHWAB STRATEGIC TR
SOLEShares25.24K
TypeSH
Market value$842.2K
0.45%
Sole
25.24K
Shared
0.00
None
0.00
FIDELITY MERRIMACK STR TR
SOLEShares18.04K
TypeSH
Market value$833.9K
0.44%
Sole
18.04K
Shared
0.00
None
0.00
GOLDMAN SACHS GROUP INC
SOLEShares1K
TypeSH
Market value$796.4K
0.42%
Sole
1K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares5.81K
TypeSH
Market value$690.2K
0.37%
Sole
5.81K
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares1.97K
TypeSH
Market value$620.5K
0.33%
Sole
1.97K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 174.82K | SH | $57.37M 30.45% | 174.82K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | S&P 500 ETF SHS | 91.26K | SH | $55.88M 29.67% | 91.26K | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 316.13K | SH | $18.94M 10.06% | 316.13K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | SMALL CP ETF | 39K | SH | $9.92M 5.26% | 39K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 9.49K | SH | $6.32M 3.36% | 9.49K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 110.09K | SH | $5.96M 3.17% | 110.09K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 20.74K | SH | $5.28M 2.80% | 20.74K | 0.00 | 0.00 |
ROYALTY PHARMA PLCSOLE | SHS CLASS A | 70.74K | SH | $2.50M 1.32% | 70.74K | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 4.30K | SH | $2.23M 1.18% | 4.30K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | GROWTH ETF | 4.27K | SH | $2.05M 1.09% | 4.27K | 0.00 | 0.00 |
SCHWAB STRATEGIC TRSOLE | INTL EQTY ETF | 86.76K | SH | $2.02M 1.07% | 86.76K | 0.00 | 0.00 |
INNOVATOR ETFS TRUSTSOLE | US EQTY PWR BUF | 25.75K | SH | $1.17M 0.62% | 25.75K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 4.80K | SH | $1.17M 0.62% | 4.80K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL A | 4.80K | SH | $1.17M 0.62% | 4.80K | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 3.20K | SH | $1.09M 0.58% | 3.20K | 0.00 | 0.00 |
ISHARES TRSOLE | EXPND TEC SC ETF | 8.23K | SH | $1.04M 0.55% | 8.23K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 4.66K | SH | $1.02M 0.54% | 4.66K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 19.50K | SH | $1.01M 0.53% | 19.50K | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 2.80K | SH | $930.0K 0.49% | 2.80K | 0.00 | 0.00 |
SCHWAB CHARLES CORPSOLE | COM | 9K | SH | $859.2K 0.46% | 9K | 0.00 | 0.00 |
SCHWAB STRATEGIC TRSOLE | EMRG MKTEQ ETF | 25.24K | SH | $842.2K 0.45% | 25.24K | 0.00 | 0.00 |
FIDELITY MERRIMACK STR TRSOLE | TOTAL BD ETF | 18.04K | SH | $833.9K 0.44% | 18.04K | 0.00 | 0.00 |
GOLDMAN SACHS GROUP INCSOLE | COM | 1K | SH | $796.4K 0.42% | 1K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P SCP ETF | 5.81K | SH | $690.2K 0.37% | 5.81K | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 1.97K | SH | $620.5K 0.33% | 1.97K | 0.00 | 0.00 |
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