Kearns & Associates LLC Long-Term Concentrated

Location: Palos Verdes Estates, CA

CIK: 0001908695 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 8, 2026

Total Value: $194M (100.0% shares, 0.0% debt)

Holdings (40)

VTI VANGUARD INDEX FDS 30.3%

Value $58.6M Shares 174,771 Share Price $335.27 Est. Cost/Share $242.53 Unrealized @ Report Date +38.2%

VOO VANGUARD INDEX FDS 29.5%

Value $57.03M Shares 90,937 Share Price $627.13 Est. Cost/Share $422.12 Unrealized @ Report Date +48.6%

VEA VANGUARD TAX-MANAGED FDS 10.3%

Value $19.89M Shares 318,398 Share Price $62.47 Est. Cost/Share $49.74 Unrealized @ Report Date +25.6%

VB VANGUARD INDEX FDS 5.2%

Value $10.07M Shares 39,028 Share Price $257.95 Est. Cost/Share $224.46 Unrealized @ Report Date +14.9%

SPY SPDR S&P 500 ETF TR 3.3%

Value $6.369M Shares 9,340 Share Price $681.92 Est. Cost/Share $459.08 Unrealized @ Report Date +48.5%

VWO VANGUARD INTL EQUITY INDEX F 3.1%

Value $6.04M Shares 112,346 Share Price $53.76 Est. Cost/Share $49.82 Unrealized @ Report Date +7.9%

AAPL APPLE INC 2.9%

Value $5.639M Shares 20,743 Share Price $271.86 Est. Cost/Share $144.53 Unrealized @ Report Date +88.1%

RPRX ROYALTY PHARMA PLC 1.4%

Value $2.733M Shares 70,740 Share Price $38.64 Est. Cost/Share $30.40 Unrealized @ Report Date +27.1%

SCHF SCHWAB STRATEGIC TR 1.1%

Value $2.116M Shares 88,010 Share Price $24.04 Est. Cost/Share $19.47 Unrealized @ Report Date +23.5%

MSFT MICROSOFT CORP 1.1%

Value $2.082M Shares 4,305 Share Price $483.62 Est. Cost/Share $234.05 Unrealized @ Report Date +106.6%

VUG VANGUARD INDEX FDS 1.1%

Value $2.082M Shares 4,267 Share Price $487.90 * Est. Cost/Share $66.77 Unrealized @ Report Date +21.8%

GOOG ALPHABET INC 0.8%

Value $1.506M Shares 4,800 Share Price $313.80 Est. Cost/Share $94.73 Unrealized @ Report Date +231.3%

GOOGL ALPHABET INC 0.8%

Value $1.502M Shares 4,800 Share Price $313.00 Est. Cost/Share $94.32 Unrealized @ Report Date +231.8%

PJUL INNOVATOR ETFS TRUST 0.6%

Value $1.196M Shares 25,755 Share Price $46.43 Est. Cost/Share $39.12 Unrealized @ Report Date +18.7%

V VISA INC 0.6%

Value $1.122M Shares 3,200 Share Price $350.71 Est. Cost/Share $196.98 Unrealized @ Report Date +78.0%

AMZN AMAZON COM INC 0.6%

Value $1.076M Shares 4,660 Share Price $230.82 Est. Cost/Share $98.78 Unrealized @ Report Date +133.7%

BAC BANK AMERICA CORP 0.6%

Value $1.073M Shares 19,500 Share Price $55.00 Est. Cost/Share $31.71 Unrealized @ Report Date +73.4%

IGM ISHARES TR 0.5%

Value $1.062M Shares 8,226 Share Price $129.16 Est. Cost/Share $79.85 Unrealized @ Report Date +61.7%

AXP AMERICAN EXPRESS CO 0.5%

Value $1.036M Shares 2,800 Share Price $369.95 Est. Cost/Share $142.37 Unrealized @ Report Date +159.3%

SCHW SCHWAB CHARLES CORP 0.5%

Value $899K Shares 9,000 Share Price $99.91 Est. Cost/Share $74.21 Unrealized @ Report Date +34.6%

GS GOLDMAN SACHS GROUP INC 0.5%

Value $879K Shares 1,000 Share Price $879.00 Est. Cost/Share $321.54 Unrealized @ Report Date +173.4%

SCHE SCHWAB STRATEGIC TR 0.4%

Value $847K Shares 25,848 Share Price $32.75 Est. Cost/Share $30.10 Unrealized @ Report Date +8.8%

FBND FIDELITY MERRIMACK STR TR 0.4%

Value $830K Shares 18,035 Share Price $46.04 Est. Cost/Share $45.36 Unrealized @ Report Date +1.5%

HLF HERBALIFE LTD 0.4%

Value $733K Shares 56,900 Share Price $12.89 Est. Cost/Share $10.75 Unrealized @ Report Date +19.9%

IJR ISHARES TR 0.4%

Value $698K Shares 5,808 Share Price $120.18 Est. Cost/Share $113.97 Unrealized @ Report Date +5.5%

WFC WELLS FARGO CO NEW 0.3%

Value $652K Shares 7,000 Share Price $93.20 Est. Cost/Share $40.83 Unrealized @ Report Date +128.3%

JPM JPMORGAN CHASE & CO. 0.3%

Value $634K Shares 1,967 Share Price $322.22 Est. Cost/Share $117.65 Unrealized @ Report Date +173.9%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value $548K Shares 946 Share Price $579.45 Est. Cost/Share $524.96 Unrealized @ Report Date +10.4%

JCI JOHNSON CTLS INTL PLC 0.3%

Value $539K Shares 4,500 Share Price $119.75 Est. Cost/Share $57.70 Unrealized @ Report Date +107.6%

MRSH MARSH & MCLENNAN COS INC 0.3%

Value $531K Shares 2,860 Share Price $185.52 Est. Cost/Share $155.95 Unrealized @ Report Date +19.0%

COF CAPITAL ONE FINL CORP 0.3%

Value $526K Shares 2,170 Share Price $242.36 Est. Cost/Share $93.09 Unrealized @ Report Date +160.3%

OXY OCCIDENTAL PETE CORP 0.2%

Value $474K Shares 11,518 Share Price $41.12 Est. Cost/Share $63.23 Unrealized @ Report Date -35.0%

VNQ VANGUARD INDEX FDS 0.2%

Value $460K Shares 5,203 Share Price $88.51 Est. Cost/Share $106.75 Unrealized @ Report Date -17.1%

IVV ISHARES TR 0.2%

Value $414K Shares 604 Share Price $685.98 Est. Cost/Share $460.85 Unrealized @ Report Date +48.6%

QCOM QUALCOMM INC 0.2%

Value $326K Shares 1,905 Share Price $171.05 Est. Cost/Share $108.85 Unrealized @ Report Date +57.1%

SYK STRYKER CORPORATION 0.2%

Value $320K Shares 910 Share Price $351.47 Est. Cost/Share $219.76 Unrealized @ Report Date +59.9%

EQIX EQUINIX INC 0.2%

Value $295K Shares 385 Share Price $766.16 Est. Cost/Share $578.99 Unrealized @ Report Date +32.3%

GLD SPDR GOLD TR 0.1%

Value $271K Shares 685 Share Price $396.31 Est. Cost/Share $302.81 Unrealized @ Report Date +30.9%

MS MORGAN STANLEY 0.1%

Value $266K Shares 1,500 Share Price $177.53 Est. Cost/Share $120.96 Unrealized @ Report Date +46.8%

IWV ISHARES TR 0.1%

Value $212K Shares 549 Share Price $386.85 Est. Cost/Share $364.63 Unrealized @ Report Date +6.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VTI	VANGUARD INDEX FDS	174,771	$58.6M	30.3%	$335.27	$242.53	+38.2%	TOTAL STK MKT	922908769
VOO	VANGUARD INDEX FDS	90,937	$57.03M	29.5%	$627.13	$422.12	+48.6%	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	318,398	$19.89M	10.3%	$62.47	$49.74	+25.6%	VAN FTSE DEV MKT	921943858
VB	VANGUARD INDEX FDS	39,028	$10.07M	5.2%	$257.95	$224.46	+14.9%	SMALL CP ETF	922908751
SPY	SPDR S&P 500 ETF TR	9,340	$6.369M	3.3%	$681.92	$459.08	+48.5%	TR UNIT	78462F103
VWO	VANGUARD INTL EQUITY INDEX F	112,346	$6.04M	3.1%	$53.76	$49.82	+7.9%	FTSE EMR MKT ETF	922042858
AAPL	APPLE INC	20,743	$5.639M	2.9%	$271.86	$144.53	+88.1%	COM	037833100
RPRX	ROYALTY PHARMA PLC	70,740	$2.733M	1.4%	$38.64	$30.40	+27.1%	SHS CLASS A	G7709Q104
SCHF	SCHWAB STRATEGIC TR	88,010	$2.116M	1.1%	$24.04	$19.47	+23.5%	INTL EQTY ETF	808524805
MSFT	MICROSOFT CORP	4,305	$2.082M	1.1%	$483.62	$234.05	+106.6%	COM	594918104
VUG	VANGUARD INDEX FDS	4,267	$2.082M	1.1%	$487.90 *	$66.77	+21.8%	GROWTH ETF	922908736
GOOG	ALPHABET INC	4,800	$1.506M	0.8%	$313.80	$94.73	+231.3%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	4,800	$1.502M	0.8%	$313.00	$94.32	+231.8%	CAP STK CL A	02079K305
PJUL	INNOVATOR ETFS TRUST	25,755	$1.196M	0.6%	$46.43	$39.12	+18.7%	US EQTY PWR BUF	45782C813
V	VISA INC	3,200	$1.122M	0.6%	$350.71	$196.98	+78.0%	COM CL A	92826C839
AMZN	AMAZON COM INC	4,660	$1.076M	0.6%	$230.82	$98.78	+133.7%	COM	023135106
BAC	BANK AMERICA CORP	19,500	$1.073M	0.6%	$55.00	$31.71	+73.4%	COM	060505104
IGM	ISHARES TR	8,226	$1.062M	0.5%	$129.16	$79.85	+61.7%	EXPND TEC SC ETF	464287549
AXP	AMERICAN EXPRESS CO	2,800	$1.036M	0.5%	$369.95	$142.37	+159.3%	COM	025816109
SCHW	SCHWAB CHARLES CORP	9,000	$899K	0.5%	$99.91	$74.21	+34.6%	COM	808513105
GS	GOLDMAN SACHS GROUP INC	1,000	$879K	0.5%	$879.00	$321.54	+173.4%	COM	38141G104
SCHE	SCHWAB STRATEGIC TR	25,848	$847K	0.4%	$32.75	$30.10	+8.8%	EMRG MKTEQ ETF	808524706
FBND	FIDELITY MERRIMACK STR TR	18,035	$830K	0.4%	$46.04	$45.36	+1.5%	TOTAL BD ETF	316188309
HLF	HERBALIFE LTD	56,900	$733K	0.4%	$12.89	$10.75	+19.9%	COM SHS	G4412G101
IJR	ISHARES TR	5,808	$698K	0.4%	$120.18	$113.97	+5.5%	CORE S&P SCP ETF	464287804
WFC	WELLS FARGO CO NEW	7,000	$652K	0.3%	$93.20	$40.83	+128.3%	COM	949746101
JPM	JPMORGAN CHASE & CO.	1,967	$634K	0.3%	$322.22	$117.65	+173.9%	COM	46625H100
TMO	THERMO FISHER SCIENTIFIC INC	946	$548K	0.3%	$579.45	$524.96	+10.4%	COM	883556102
JCI	JOHNSON CTLS INTL PLC	4,500	$539K	0.3%	$119.75	$57.70	+107.6%	SHS	G51502105
MRSH	MARSH & MCLENNAN COS INC	2,860	$531K	0.3%	$185.52	$155.95	+19.0%	COM	571748102
COF	CAPITAL ONE FINL CORP	2,170	$526K	0.3%	$242.36	$93.09	+160.3%	COM	14040H105
OXY	OCCIDENTAL PETE CORP	11,518	$474K	0.2%	$41.12	$63.23	-35.0%	COM	674599105
VNQ	VANGUARD INDEX FDS	5,203	$460K	0.2%	$88.51	$106.75	-17.1%	REAL ESTATE ETF	922908553
IVV	ISHARES TR	604	$414K	0.2%	$685.98	$460.85	+48.6%	CORE S&P500 ETF	464287200
QCOM	QUALCOMM INC	1,905	$326K	0.2%	$171.05	$108.85	+57.1%	COM	747525103
SYK	STRYKER CORPORATION	910	$320K	0.2%	$351.47	$219.76	+59.9%	COM	863667101
EQIX	EQUINIX INC	385	$295K	0.2%	$766.16	$578.99	+32.3%	COM	29444U700
GLD	SPDR GOLD TR	685	$271K	0.1%	$396.31	$302.81	+30.9%	GOLD SHS	78463V107
MS	MORGAN STANLEY	1,500	$266K	0.1%	$177.53	$120.96	+46.8%	COM NEW	617446448
IWV	ISHARES TR	549	$212K	0.1%	$386.85	$364.63	+6.1%	RUSSELL 3000 ETF	464287689