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 Est. Cost $247.05 Unrealized —

VOO VANGUARD INDEX FDS 29.5%

Value $57.03M Shares 90,937 Est. Cost $436.57 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 10.3%

Value $19.89M Shares 318,398 Est. Cost $50.07 Unrealized —

VB VANGUARD INDEX FDS 5.2%

Value $10.07M Shares 39,028 Est. Cost $224.36 Unrealized —

SPY SPDR S&P 500 ETF TR 3.3%

Value $6.369M Shares 9,340 Est. Cost $475.00 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 3.1%

Value $6.04M Shares 112,346 Est. Cost $48.89 Unrealized —

AAPL APPLE INC 2.9%

Value $5.639M Shares 20,743 Est. Cost $144.53 Unrealized +85.7%

RPRX ROYALTY PHARMA PLC 1.4%

Value $2.733M Shares 70,740 Est. Cost $30.40 Unrealized +25.4%

SCHF SCHWAB STRATEGIC TR 1.1%

Value $2.116M Shares 88,010 Est. Cost $27.33 Unrealized —

MSFT MICROSOFT CORP 1.1%

Value $2.082M Shares 4,305 Est. Cost $234.05 Unrealized +113.9%

VUG VANGUARD INDEX FDS 1.1%

Value $2.082M Shares 4,267 Est. Cost $397.57 Unrealized —

GOOG ALPHABET INC 0.8%

Value $1.506M Shares 4,800 Est. Cost $94.73 Unrealized +202.3%

GOOGL ALPHABET INC 0.8%

Value $1.502M Shares 4,800 Est. Cost $94.32 Unrealized +202.8%

PJUL INNOVATOR ETFS TRUST 0.6%

Value $1.196M Shares 25,755 Est. Cost $40.07 Unrealized —

V VISA INC 0.6%

Value $1.122M Shares 3,200 Est. Cost $196.98 Unrealized +72.8%

AMZN AMAZON COM INC 0.6%

Value $1.076M Shares 4,660 Est. Cost $98.78 Unrealized +131.6%

BAC BANK AMERICA CORP 0.6%

Value $1.073M Shares 19,500 Est. Cost $31.71 Unrealized +66.1%

IGM ISHARES TR 0.5%

Value $1.062M Shares 8,226 Est. Cost $144.96 Unrealized —

AXP AMERICAN EXPRESS CO 0.5%

Value $1.036M Shares 2,800 Est. Cost $142.37 Unrealized +150.7%

SCHW SCHWAB CHARLES CORP 0.5%

Value $899K Shares 9,000 Est. Cost $74.21 Unrealized +27.7%

GS GOLDMAN SACHS GROUP INC 0.5%

Value $879K Shares 1,000 Est. Cost $321.54 Unrealized +153.0%

SCHE SCHWAB STRATEGIC TR 0.4%

Value $847K Shares 25,848 Est. Cost $29.32 Unrealized —

FBND FIDELITY MERRIMACK STR TR 0.4%

Value $830K Shares 18,035 Est. Cost $45.82 Unrealized —

HLF HERBALIFE LTD 0.4%

Value $733K Shares 56,900 Est. Cost $10.75 Unrealized -1.5%

IJR ISHARES TR 0.4%

Value $698K Shares 5,808 Est. Cost $114.50 Unrealized —

WFC WELLS FARGO CO NEW 0.3%

Value $652K Shares 7,000 Est. Cost $40.83 Unrealized +112.2%

JPM JPMORGAN CHASE & CO. 0.3%

Value $634K Shares 1,967 Est. Cost $117.65 Unrealized +163.1%

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value $548K Shares 946 Est. Cost $524.96 Unrealized +7.7%

JCI JOHNSON CTLS INTL PLC 0.3%

Value $539K Shares 4,500 Est. Cost $57.70 Unrealized +99.0%

MRSH MARSH & MCLENNAN COS INC 0.3%

Value $531K Shares 2,860 Est. Cost $155.95 Unrealized +19.5%

COF CAPITAL ONE FINL CORP 0.3%

Value $526K Shares 2,170 Est. Cost $93.09 Unrealized +138.7%

OXY OCCIDENTAL PETE CORP 0.2%

Value $474K Shares 11,518 Est. Cost $63.23 Unrealized -34.3%

VNQ VANGUARD INDEX FDS 0.2%

Value $460K Shares 5,203 Est. Cost $111.66 Unrealized —

IVV ISHARES TR 0.2%

Value $414K Shares 604 Est. Cost $477.69 Unrealized —

QCOM QUALCOMM INC 0.2%

Value $326K Shares 1,905 Est. Cost $108.85 Unrealized +56.9%

SYK STRYKER CORPORATION 0.2%

Value $320K Shares 910 Est. Cost $219.76 Unrealized +65.4%

EQIX EQUINIX INC 0.2%

Value $295K Shares 385 Est. Cost $578.99 Unrealized +34.9%

GLD SPDR GOLD TR 0.1%

Value $271K Shares 685 Est. Cost $304.83 Unrealized —

MS MORGAN STANLEY 0.1%

Value $266K Shares 1,500 Est. Cost $120.96 Unrealized +37.6%

IWV ISHARES TR 0.1%

Value $212K Shares 549 Est. Cost $378.94 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTI	VANGUARD INDEX FDS	174,771	$58.6M	30.3%	$247.05	—	TOTAL STK MKT	922908769
VOO	VANGUARD INDEX FDS	90,937	$57.03M	29.5%	$436.57	—	S&P 500 ETF SHS	922908363
VEA	VANGUARD TAX-MANAGED FDS	318,398	$19.89M	10.3%	$50.07	—	VAN FTSE DEV MKT	921943858
VB	VANGUARD INDEX FDS	39,028	$10.07M	5.2%	$224.36	—	SMALL CP ETF	922908751
SPY	SPDR S&P 500 ETF TR	9,340	$6.369M	3.3%	$475.00	—	TR UNIT	78462F103
VWO	VANGUARD INTL EQUITY INDEX F	112,346	$6.04M	3.1%	$48.89	—	FTSE EMR MKT ETF	922042858
AAPL	APPLE INC	20,743	$5.639M	2.9%	$144.53	+85.7%	COM	037833100
RPRX	ROYALTY PHARMA PLC	70,740	$2.733M	1.4%	$30.40	+25.4%	SHS CLASS A	G7709Q104
SCHF	SCHWAB STRATEGIC TR	88,010	$2.116M	1.1%	$27.33	—	INTL EQTY ETF	808524805
MSFT	MICROSOFT CORP	4,305	$2.082M	1.1%	$234.05	+113.9%	COM	594918104
VUG	VANGUARD INDEX FDS	4,267	$2.082M	1.1%	$397.57	—	GROWTH ETF	922908736
GOOG	ALPHABET INC	4,800	$1.506M	0.8%	$94.73	+202.3%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	4,800	$1.502M	0.8%	$94.32	+202.8%	CAP STK CL A	02079K305
PJUL	INNOVATOR ETFS TRUST	25,755	$1.196M	0.6%	$40.07	—	US EQTY PWR BUF	45782C813
V	VISA INC	3,200	$1.122M	0.6%	$196.98	+72.8%	COM CL A	92826C839
AMZN	AMAZON COM INC	4,660	$1.076M	0.6%	$98.78	+131.6%	COM	023135106
BAC	BANK AMERICA CORP	19,500	$1.073M	0.6%	$31.71	+66.1%	COM	060505104
IGM	ISHARES TR	8,226	$1.062M	0.5%	$144.96	—	EXPND TEC SC ETF	464287549
AXP	AMERICAN EXPRESS CO	2,800	$1.036M	0.5%	$142.37	+150.7%	COM	025816109
SCHW	SCHWAB CHARLES CORP	9,000	$899K	0.5%	$74.21	+27.7%	COM	808513105
GS	GOLDMAN SACHS GROUP INC	1,000	$879K	0.5%	$321.54	+153.0%	COM	38141G104
SCHE	SCHWAB STRATEGIC TR	25,848	$847K	0.4%	$29.32	—	EMRG MKTEQ ETF	808524706
FBND	FIDELITY MERRIMACK STR TR	18,035	$830K	0.4%	$45.82	—	TOTAL BD ETF	316188309
HLF	HERBALIFE LTD	56,900	$733K	0.4%	$10.75	-1.5%	COM SHS	G4412G101
IJR	ISHARES TR	5,808	$698K	0.4%	$114.50	—	CORE S&P SCP ETF	464287804
WFC	WELLS FARGO CO NEW	7,000	$652K	0.3%	$40.83	+112.2%	COM	949746101
JPM	JPMORGAN CHASE & CO.	1,967	$634K	0.3%	$117.65	+163.1%	COM	46625H100
TMO	THERMO FISHER SCIENTIFIC INC	946	$548K	0.3%	$524.96	+7.7%	COM	883556102
JCI	JOHNSON CTLS INTL PLC	4,500	$539K	0.3%	$57.70	+99.0%	SHS	G51502105
MRSH	MARSH & MCLENNAN COS INC	2,860	$531K	0.3%	$155.95	+19.5%	COM	571748102
COF	CAPITAL ONE FINL CORP	2,170	$526K	0.3%	$93.09	+138.7%	COM	14040H105
OXY	OCCIDENTAL PETE CORP	11,518	$474K	0.2%	$63.23	-34.3%	COM	674599105
VNQ	VANGUARD INDEX FDS	5,203	$460K	0.2%	$111.66	—	REAL ESTATE ETF	922908553
IVV	ISHARES TR	604	$414K	0.2%	$477.69	—	CORE S&P500 ETF	464287200
QCOM	QUALCOMM INC	1,905	$326K	0.2%	$108.85	+56.9%	COM	747525103
SYK	STRYKER CORPORATION	910	$320K	0.2%	$219.76	+65.4%	COM	863667101
EQIX	EQUINIX INC	385	$295K	0.2%	$578.99	+34.9%	COM	29444U700
GLD	SPDR GOLD TR	685	$271K	0.1%	$304.83	—	GOLD SHS	78463V107
MS	MORGAN STANLEY	1,500	$266K	0.1%	$120.96	+37.6%	COM NEW	617446448
IWV	ISHARES TR	549	$212K	0.1%	$378.94	—	RUSSELL 3000 ETF	464287689