Kearns & Associates LLC Long-Term Concentrated

Location: Palos Verdes Estates, CA

CIK: 0001908695 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 22, 2025

Total Value: $188M (100.0% shares, 0.0% debt)

Holdings (42)

VTI VANGUARD INDEX FDS 30.5%

Value $57.37M Shares 174,817 Est. Cost $247.05 Unrealized —

VOO VANGUARD INDEX FDS 29.7%

Value $55.88M Shares 91,257 Est. Cost $436.57 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 10.1%

Value $18.94M Shares 316,129 Est. Cost $50.07 Unrealized —

VB VANGUARD INDEX FDS 5.3%

Value $9.918M Shares 39,004 Est. Cost $224.36 Unrealized —

SPY SPDR S&P 500 ETF TR 3.4%

Value $6.321M Shares 9,488 Est. Cost $475.00 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 3.2%

Value $5.965M Shares 110,090 Est. Cost $48.79 Unrealized —

AAPL APPLE INC 2.8%

Value $5.282M Shares 20,743 Est. Cost $144.53 Unrealized +56.1%

RPRX ROYALTY PHARMA PLC 1.3%

Value $2.496M Shares 70,740 Est. Cost $30.40 Unrealized +19.1%

MSFT MICROSOFT CORP 1.2%

Value $2.23M Shares 4,305 Est. Cost $234.05 Unrealized +117.3%

VUG VANGUARD INDEX FDS 1.1%

Value $2.046M Shares 4,266 Est. Cost $397.57 Unrealized —

SCHF SCHWAB STRATEGIC TR 1.1%

Value $2.02M Shares 86,760 Est. Cost $27.37 Unrealized —

PJUL INNOVATOR ETFS TRUST 0.6%

Value $1.174M Shares 25,755 Est. Cost $40.07 Unrealized —

GOOG ALPHABET INC 0.6%

Value $1.169M Shares 4,800 Est. Cost $94.73 Unrealized +121.6%

GOOGL ALPHABET INC 0.6%

Value $1.167M Shares 4,800 Est. Cost $94.32 Unrealized +121.8%

V VISA INC 0.6%

Value $1.092M Shares 3,200 Est. Cost $196.98 Unrealized +75.2%

IGM ISHARES TR 0.5%

Value $1.036M Shares 8,226 Est. Cost $144.96 Unrealized —

AMZN AMAZON COM INC 0.5%

Value $1.023M Shares 4,660 Est. Cost $98.78 Unrealized +129.1%

BAC BANK AMERICA CORP 0.5%

Value $1.006M Shares 19,500 Est. Cost $31.71 Unrealized +52.4%

AXP AMERICAN EXPRESS CO 0.5%

Value $930K Shares 2,800 Est. Cost $142.37 Unrealized +122.3%

SCHW SCHWAB CHARLES CORP 0.5%

Value $859K Shares 9,000 Est. Cost $74.21 Unrealized +27.4%

SCHE SCHWAB STRATEGIC TR 0.4%

Value $842K Shares 25,238 Est. Cost $29.24 Unrealized —

FBND FIDELITY MERRIMACK STR TR 0.4%

Value $834K Shares 18,035 Est. Cost $45.82 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.4%

Value $796K Shares 1,000 Est. Cost $321.54 Unrealized +128.5%

IJR ISHARES TR 0.4%

Value $690K Shares 5,808 Est. Cost $114.50 Unrealized —

JPM JPMORGAN CHASE & CO. 0.3%

Value $620K Shares 1,967 Est. Cost $117.65 Unrealized +151.5%

WFC WELLS FARGO CO NEW 0.3%

Value $587K Shares 7,000 Est. Cost $40.83 Unrealized +97.1%

MRSH MARSH & MCLENNAN COS INC 0.3%

Value $576K Shares 2,860 Est. Cost $155.95 Unrealized +30.8%

OXY OCCIDENTAL PETE CORP 0.3%

Value $544K Shares 11,518 Est. Cost $63.23 Unrealized -29.2%

JCI JOHNSON CTLS INTL PLC 0.3%

Value $495K Shares 4,500 Est. Cost $57.70 Unrealized +85.2%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value $494K Shares 1,018 Est. Cost $524.96 Unrealized -11.5%

HLF HERBALIFE LTD 0.3%

Value $480K Shares 56,900 Est. Cost $10.75 Unrealized -12.3%

VNQ VANGUARD INDEX FDS 0.3%

Value $475K Shares 5,197 Est. Cost $111.66 Unrealized —

COF CAPITAL ONE FINL CORP 0.2%

Value $461K Shares 2,170 Est. Cost $93.09 Unrealized +134.0%

IVV ISHARES TR 0.2%

Value $405K Shares 605 Est. Cost $477.69 Unrealized —

SYK STRYKER CORPORATION 0.2%

Value $355K Shares 960 Est. Cost $219.76 Unrealized +75.0%

QCOM QUALCOMM INC 0.2%

Value $317K Shares 1,905 Est. Cost $108.85 Unrealized +44.4%

EQIX EQUINIX INC 0.2%

Value $302K Shares 385 Est. Cost $578.99 Unrealized +33.7%

DIS DISNEY WALT CO 0.1%

Value $274K Shares 2,397 Est. Cost $91.72 Unrealized +27.5%

GLD SPDR GOLD TR 0.1%

Value $243K Shares 685 Est. Cost $304.83 Unrealized —

MS MORGAN STANLEY 0.1%

Value $238K Shares 1,500 Est. Cost $120.96 Unrealized +21.1%

UNP UNION PAC CORP 0.1%

Value $213K Shares 900 Est. Cost $209.24 Unrealized +6.6%

IWV ISHARES TR 0.1%

Value $208K Shares 549 Est. Cost $378.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	174,817	$57.37M	30.5%	$247.05	—	TOTAL STK MKT	922908769
VOO	VANGUARD INDEX FDS	91,257	$55.88M	29.7%	$436.57	—	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	316,129	$18.94M	10.1%	$50.07	—	VAN FTSE DEV MKT	921943858
VB	VANGUARD INDEX FDS	39,004	$9.918M	5.3%	$224.36	—	SMALL CP ETF	922908751
SPY	SPDR S&P 500 ETF TR	9,488	$6.321M	3.4%	$475.00	—	TR UNIT	78462F103
VWO	VANGUARD INTL EQUITY INDEX F	110,090	$5.965M	3.2%	$48.79	—	FTSE EMR MKT ETF	922042858
AAPL	APPLE INC	20,743	$5.282M	2.8%	$144.53	+56.1%	COM	037833100
RPRX	ROYALTY PHARMA PLC	70,740	$2.496M	1.3%	$30.40	+19.1%	SHS CLASS A	G7709Q104
MSFT	MICROSOFT CORP	4,305	$2.23M	1.2%	$234.05	+117.3%	COM	594918104
VUG	VANGUARD INDEX FDS	4,266	$2.046M	1.1%	$397.57	—	GROWTH ETF	922908736
SCHF	SCHWAB STRATEGIC TR	86,760	$2.02M	1.1%	$27.37	—	INTL EQTY ETF	808524805
PJUL	INNOVATOR ETFS TRUST	25,755	$1.174M	0.6%	$40.07	—	US EQTY PWR BUF	45782C813
GOOG	ALPHABET INC	4,800	$1.169M	0.6%	$94.73	+121.6%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	4,800	$1.167M	0.6%	$94.32	+121.8%	CAP STK CL A	02079K305
V	VISA INC	3,200	$1.092M	0.6%	$196.98	+75.2%	COM CL A	92826C839
IGM	ISHARES TR	8,226	$1.036M	0.5%	$144.96	—	EXPND TEC SC ETF	464287549
AMZN	AMAZON COM INC	4,660	$1.023M	0.5%	$98.78	+129.1%	COM	023135106
BAC	BANK AMERICA CORP	19,500	$1.006M	0.5%	$31.71	+52.4%	COM	060505104
AXP	AMERICAN EXPRESS CO	2,800	$930K	0.5%	$142.37	+122.3%	COM	025816109
SCHW	SCHWAB CHARLES CORP	9,000	$859K	0.5%	$74.21	+27.4%	COM	808513105
SCHE	SCHWAB STRATEGIC TR	25,238	$842K	0.4%	$29.24	—	EMRG MKTEQ ETF	808524706
FBND	FIDELITY MERRIMACK STR TR	18,035	$834K	0.4%	$45.82	—	TOTAL BD ETF	316188309
GS	GOLDMAN SACHS GROUP INC	1,000	$796K	0.4%	$321.54	+128.5%	COM	38141G104
IJR	ISHARES TR	5,808	$690K	0.4%	$114.50	—	CORE S&P SCP ETF	464287804
JPM	JPMORGAN CHASE & CO.	1,967	$620K	0.3%	$117.65	+151.5%	COM	46625H100
WFC	WELLS FARGO CO NEW	7,000	$587K	0.3%	$40.83	+97.1%	COM	949746101
MRSH	MARSH & MCLENNAN COS INC	2,860	$576K	0.3%	$155.95	+30.8%	COM	571748102
OXY	OCCIDENTAL PETE CORP	11,518	$544K	0.3%	$63.23	-29.2%	COM	674599105
JCI	JOHNSON CTLS INTL PLC	4,500	$495K	0.3%	$57.70	+85.2%	SHS	G51502105
TMO	THERMO FISHER SCIENTIFIC INC	1,018	$494K	0.3%	$524.96	-11.5%	COM	883556102
HLF	HERBALIFE LTD	56,900	$480K	0.3%	$10.75	-12.3%	COM SHS	G4412G101
VNQ	VANGUARD INDEX FDS	5,197	$475K	0.3%	$111.66	—	REAL ESTATE ETF	922908553
COF	CAPITAL ONE FINL CORP	2,170	$461K	0.2%	$93.09	+134.0%	COM	14040H105
IVV	ISHARES TR	605	$405K	0.2%	$477.69	—	CORE S&P500 ETF	464287200
SYK	STRYKER CORPORATION	960	$355K	0.2%	$219.76	+75.0%	COM	863667101
QCOM	QUALCOMM INC	1,905	$317K	0.2%	$108.85	+44.4%	COM	747525103
EQIX	EQUINIX INC	385	$302K	0.2%	$578.99	+33.7%	COM	29444U700
DIS	DISNEY WALT CO	2,397	$274K	0.1%	$91.72	+27.5%	COM	254687106
GLD	SPDR GOLD TR	685	$243K	0.1%	$304.83	—	GOLD SHS	78463V107
MS	MORGAN STANLEY	1,500	$238K	0.1%	$120.96	+21.1%	COM NEW	617446448
UNP	UNION PAC CORP	900	$213K	0.1%	$209.24	+6.6%	COM	907818108
IWV	ISHARES TR	549	$208K	0.1%	$378.94	—	RUSSELL 3000 ETF	464287689