MAI Capital Management Q3 2025 Filing

Filed November 10, 2025

Portfolio Value

$16.1B

Holdings

3,605

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (3,605 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IVVISHARES TR	1,732,964	$1.2B	7.22%
2	SPYSPDR S&P 500 ETF TR	801,664	$534.1M	3.33%
3	AAPLAPPLE INC	2,060,671	$524.7M	3.27%	Put
4	MSFTMICROSOFT CORP	946,543	$490.3M	3.05%	Put
5	IJHISHARES TR	5,315,179	$346.9M	2.16%
6	NVDANVIDIA CORPORATION	1,464,330	$273.2M	1.70%	Call
7	VEAVANGUARD TAX-MANAGED FDS	4,256,419	$255.0M	1.59%
8	IJRISHARES TR	2,007,899	$238.6M	1.49%
9	AMZNAMAZON COM INC	1,067,008	$234.3M	1.46%	Put
10	NDQINVESCO QQQ TR	363,800	$218.4M	1.36%
11	VIGVANGUARD SPECIALIZED FUNDS	1,008,528	$217.6M	1.36%
12	IVEISHARES TR	1,020,960	$210.8M	1.31%
13	AVGOBROADCOM INC	629,359	$207.6M	1.29%	Put
14	GOOGLALPHABET INC	837,330	$203.6M	1.27%	Put
15	AQLTISHARES TR	2,233,244	$195.0M	1.21%
16	VWOVANGUARD INTL EQUITY INDEX F	3,473,637	$188.2M	1.17%
17	IWFISHARES TR	400,448	$187.6M	1.17%
18	GOOGALPHABET INC	620,067	$151.0M	0.94%	Put
19	MDYSPDR S&P MIDCAP 400 ETF TR	250,159	$149.1M	0.93%
20	IEMGISHARES INC	2,181,024	$143.8M	0.90%
21	SGOVISHARES TR	1,427,033	$143.7M	0.90%
22	JPMJPMORGAN CHASE & CO.	448,555	$141.5M	0.88%	Call
23	IVWISHARES TR	1,111,594	$134.2M	0.84%
24	METAMETA PLATFORMS INC	178,880	$131.4M	0.82%	Call
25	VTIVANGUARD INDEX FDS	394,849	$129.6M	0.81%
26	ABBVABBVIE INC	546,284	$126.5M	0.79%
27	VVISA INC	354,469	$121.0M	0.75%	Call
28	IWMISHARES TR	484,427	$117.2M	0.73%	Call
29	BRK/BBERKSHIRE HATHAWAY INC DEL	228,220	$114.7M	0.71%	Call
30	JNJJOHNSON & JOHNSON	607,242	$112.6M	0.70%	Call
31	RSPINVESCO EXCHANGE TRADED FD T	571,002	$108.3M	0.67%
32	SDYSPDR SERIES TRUST	772,382	$108.2M	0.67%
33	COSTCOSTCO WHSL CORP NEW	103,047	$95.4M	0.59%	Call
34	HDHOME DEPOT INC	232,666	$94.3M	0.59%	Put
35	ORCLORACLE CORP	333,609	$93.8M	0.58%	Call
36	VGSHVANGUARD SCOTTSDALE FDS	1,593,430	$93.8M	0.58%
37	RTXRTX CORPORATION	537,416	$89.9M	0.56%	Put
38	PGPROCTER AND GAMBLE CO	579,638	$89.1M	0.55%	Call
39	VCSHVANGUARD SCOTTSDALE FDS	1,057,304	$84.5M	0.53%
40	VOOVANGUARD INDEX FDS	134,331	$82.3M	0.51%
41	SHWSHERWIN WILLIAMS CO	231,676	$80.2M	0.50%	Put
42	IGSBISHARES TR	1,460,114	$77.4M	0.48%
43	PULSPGIM ETF TR	1,536,980	$76.6M	0.48%
44	TSMTAIWAN SEMICONDUCTOR MFG LTD	271,117	$75.7M	0.47%	Call
45	IWDISHARES TR	356,398	$72.6M	0.45%
46	SCHGSCHWAB STRATEGIC TR	2,258,299	$72.1M	0.45%
47	IJKISHARES TR	731,628	$70.2M	0.44%
48	CSCOCISCO SYS INC	983,499	$67.3M	0.42%	Call
49	BKNGBOOKING HOLDINGS INC	12,321	$66.5M	0.41%
50	LLYELI LILLY & CO	86,897	$66.3M	0.41%	Put
51	UNHUNITEDHEALTH GROUP INC	191,538	$66.1M	0.41%	Call
52	ABTABBOTT LABS	481,793	$64.5M	0.40%
53	WMTWALMART INC	599,953	$61.8M	0.39%	Call
54	QCOMQUALCOMM INC	361,223	$60.1M	0.37%	Put
55	SCHDSCHWAB STRATEGIC TR	2,192,181	$59.8M	0.37%
56	XOMEXXON MOBIL CORP	509,048	$57.4M	0.36%	Call
57	VGTVANGUARD WORLD FD	76,581	$57.2M	0.36%
58	NFLXNETFLIX INC	47,518	$57.0M	0.35%	Call
59	MAMASTERCARD INCORPORATED	99,112	$56.4M	0.35%	Call
60	BACBANK AMERICA CORP	1,062,607	$54.8M	0.34%
61	IEFISHARES TR	561,894	$54.2M	0.34%
62	VUGVANGUARD INDEX FDS	108,812	$52.2M	0.33%
63	TSLATESLA INC	114,744	$51.0M	0.32%	Put
64	VBVANGUARD INDEX FDS	196,765	$50.0M	0.31%
65	BSCRINVESCO EXCH TRD SLF IDX FD	2,500,032	$49.3M	0.31%
66	BSCQINVESCO EXCH TRD SLF IDX FD	2,517,245	$49.2M	0.31%
67	QLTAISHARES TR	1,013,918	$49.1M	0.31%
68	SLQDISHARES TR	951,302	$48.4M	0.30%
69	USMVISHARES TR	505,973	$48.1M	0.30%
70	IGIBISHARES TR	885,174	$47.9M	0.30%
71	SPABSPDR SERIES TRUST	1,850,212	$47.8M	0.30%
72	MCDMCDONALDS CORP	157,370	$47.8M	0.30%	Call
73	VTVVANGUARD INDEX FDS	254,415	$47.4M	0.30%
74	XLKSELECT SECTOR SPDR TR	166,508	$46.9M	0.29%
75	VONEVANGUARD SCOTTSDALE FDS	154,689	$46.8M	0.29%
76	PEPPEPSICO INC	327,639	$46.0M	0.29%
77	IWNISHARES TR	254,083	$44.9M	0.28%
78	ETNEATON CORP PLC	119,206	$44.6M	0.28%	Call
79	BACVERIZON COMMUNICATIONS INC	1,005,992	$44.2M	0.28%
80	SYKSTRYKER CORPORATION	118,797	$43.9M	0.27%
81	SCHFSCHWAB STRATEGIC TR	1,878,430	$43.7M	0.27%
82	CBCHUBB LIMITED	153,154	$43.2M	0.27%
83	VHTVANGUARD WORLD FD	166,144	$43.1M	0.27%
84	BSCPINVESCO EXCH TRD SLF IDX FD	2,070,306	$42.8M	0.27%
85	IAU*ISHARES GOLD TR	587,425	$42.7M	0.27%
86	IJJISHARES TR	326,541	$42.4M	0.26%
87	HONHONEYWELL INTL INC	199,867	$42.1M	0.26%
88	AGGISHARES TR	417,559	$41.9M	0.26%
89	IWRISHARES TR	432,002	$41.7M	0.26%
90	CVXCHEVRON CORP NEW	266,627	$41.4M	0.26%	Call
91	TLHISHARES TR	366,732	$37.8M	0.24%
92	DFAIDIMENSIONAL ETF TRUST	1,026,428	$37.3M	0.23%
93	PPAINVESCO EXCHANGE TRADED FD T	238,497	$37.1M	0.23%
94	EFAISHARES TR	395,250	$36.9M	0.23%
95	IGFISHARES TR	587,257	$35.9M	0.22%
96	ACNACCENTURE PLC IRELAND	143,243	$35.3M	0.22%	Call
97	SPDWSPDR INDEX SHS FDS	813,301	$34.8M	0.22%
98	BSCSINVESCO EXCH TRD SLF IDX FD	1,674,121	$34.4M	0.21%
99	BLKBLACKROCK INC	29,411	$34.3M	0.21%
100	KOCOCA COLA CO	516,774	$34.3M	0.21%

Page 1 of 37Next