Baer Investment Advisory LLC Hedge Fund

Location: Corte Madera, CA

CIK: 0002057153 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 21, 2026

Total Value: $105M (100.0% shares, 0.0% debt)

Holdings (36)

NVDA NVIDIA CORPORATION 9.3%

Value $9.758M Shares 1,354 Share Price $7206.68 * Est. Cost/Share $127.62 Unrealized @ Report Date +46.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.9%

Value $7.249M Shares 680 Share Price $10660.45 Est. Cost/Share — Unrealized @ Report Date —

APH AMPHENOL CORP NEW 6.3%

Value $6.598M Shares 48,822 Share Price $135.14 Est. Cost/Share $70.50 Unrealized @ Report Date +91.7%

AMZN AMAZON COM INC 5.8%

Value $6.073M Shares 26,311 Share Price $230.82 Est. Cost/Share $205.22 Unrealized @ Report Date +12.5%

EME EMCOR GROUP INC 4.9%

Value $5.163M Shares 8,439 Share Price $611.79 Est. Cost/Share $477.06 Unrealized @ Report Date +28.2%

ADI ANALOG DEVICES INC 4.7%

Value $4.977M Shares 18,351 Share Price $271.20 Est. Cost/Share $218.27 Unrealized @ Report Date +24.3%

INTU INTUIT 4.6%

Value $4.836M Shares 7,301 Share Price $662.42 Est. Cost/Share $666.42 Unrealized @ Report Date -0.6%

CW CURTISS WRIGHT CORP 4.2%

Value $4.39M Shares 7,963 Share Price $551.27 Est. Cost/Share $494.88 Unrealized @ Report Date +11.4%

MSFT MICROSOFT CORP 3.8%

Value $3.973M Shares 386 Share Price $10293.75 * Est. Cost/Share $427.35 Unrealized @ Report Date +13.2%

DE DEERE & CO 3.7%

Value $3.894M Shares 8,363 Share Price $465.57 Est. Cost/Share $432.59 Unrealized @ Report Date +7.6%

ECL ECOLAB INC 3.6%

Value $3.823M Shares 14,561 Share Price $262.52 Est. Cost/Share $261.78 Unrealized @ Report Date +0.3%

AAPL APPLE INC 3.6%

Value $3.789M Shares 13,938 Share Price $271.86 Est. Cost/Share $234.86 Unrealized @ Report Date +15.8%

VEEV VEEVA SYS INC 3.5%

Value $3.636M Shares 16,286 Share Price $223.23 Est. Cost/Share $226.58 Unrealized @ Report Date -1.5%

NVDA NVIDIA CORPORATION 3.1%

Value $3.273M Shares 17,550 Share Price $186.50 Est. Cost/Share $127.62 Unrealized @ Report Date +46.1%

TXN TEXAS INSTRS INC 2.8%

Value $2.934M Shares 16,912 Share Price $173.49 Est. Cost/Share $188.04 Unrealized @ Report Date -7.7%

URI UNITED RENTALS INC 2.6%

Value $2.729M Shares 3,372 Share Price $809.32 Est. Cost/Share $810.53 Unrealized @ Report Date -0.1%

EPD ENTERPRISE PRODS PARTNERS L 2.4%

Value $2.558M Shares 79,774 Share Price $32.06 Est. Cost/Share $32.56 Unrealized @ Report Date —

NFLX NETFLIX INC 2.1%

Value $2.243M Shares 906 Share Price $2475.75 * Est. Cost/Share $106.89 Unrealized @ Report Date -12.3%

NFLX NETFLIX INC 2.1%

Value $2.175M Shares 23,198 Share Price $93.76 Est. Cost/Share $106.89 Unrealized @ Report Date -12.3%

IBM INTERNATIONAL BUSINESS MACHS 2.1%

Value $2.164M Shares 7,306 Share Price $296.21 Est. Cost/Share $298.78 Unrealized @ Report Date -0.9%

— SHOPIFY INC 2.0%

Value $2.083M Shares 325 Share Price $6408.14 Est. Cost/Share — Unrealized @ Report Date —

CSGP COSTAR GROUP INC 1.9%

Value $2.033M Shares 1,454 Share Price $1397.98 * Est. Cost/Share $76.29 Unrealized @ Report Date -11.9%

RACE FERRARI N V 1.9%

Value $1.97M Shares 5,330 Share Price $369.56 Est. Cost/Share $400.15 Unrealized @ Report Date -7.6%

MSFT MICROSOFT CORP 1.8%

Value $1.901M Shares 3,930 Share Price $483.62 Est. Cost/Share $427.35 Unrealized @ Report Date +13.2%

TMO THERMO FISHER SCIENTIFIC INC 1.7%

Value $1.752M Shares 3,023 Share Price $579.45 Est. Cost/Share $543.07 Unrealized @ Report Date +6.7%

SHOP SHOPIFY INC 1.6%

Value $1.691M Shares 10,503 Share Price $160.97 Est. Cost/Share $135.57 Unrealized @ Report Date +18.7%

IBM INTERNATIONAL BUSINESS MACHS 1.4%

Value $1.456M Shares 242 Share Price $6014.57 * Est. Cost/Share $298.78 Unrealized @ Report Date -0.9%

TMO THERMO FISHER SCIENTIFIC INC 1.2%

Value $1.237M Shares 69 Share Price $17923.58 * Est. Cost/Share $543.07 Unrealized @ Report Date +6.7%

CDNS CADENCE DESIGN SYSTEM INC 1.1%

Value $1.197M Shares 244 Share Price $4906.90 * Est. Cost/Share $326.31 Unrealized @ Report Date -4.2%

CDNS CADENCE DESIGN SYSTEM INC 1.0%

Value $1.056M Shares 3,378 Share Price $312.58 Est. Cost/Share $326.31 Unrealized @ Report Date -4.2%

URI UNITED RENTALS INC 0.7%

Value $733K Shares 54 Share Price $13580.78 * Est. Cost/Share $810.53 Unrealized @ Report Date -0.1%

AMZN AMAZON COM INC 0.6%

Value $634K Shares 102 Share Price $6213.18 * Est. Cost/Share $205.22 Unrealized @ Report Date +12.5%

AAPL APPLE INC 0.5%

Value $508K Shares 78 Share Price $6506.54 * Est. Cost/Share $234.86 Unrealized @ Report Date +15.8%

QQQ INVESCO QQQ TR 0.3%

Value $280K Shares 352 Share Price $795.42 * Est. Cost/Share $572.63 Unrealized @ Report Date +7.3%

QQQ INVESCO QQQ TR 0.2%

Value $217K Shares 354 Share Price $614.31 Est. Cost/Share $572.63 Unrealized @ Report Date +7.3%

SNAP SNAP INC 0.1%

Value $80,700 Shares 10,000 Share Price $8.07 Est. Cost/Share $11.27 Unrealized @ Report Date -28.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NVDA	NVIDIA CORPORATION	1,354	$9.758M	9.3%	$7206.68 *	$127.62	+46.1%	Call	67066G104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	680	$7.249M	6.9%	$10660.45	—	—	Call	874039100
APH	AMPHENOL CORP NEW	48,822	$6.598M	6.3%	$135.14	$70.50	+91.7%	CL A	032095101
AMZN	AMAZON COM INC	26,311	$6.073M	5.8%	$230.82	$205.22	+12.5%	COM	023135106
EME	EMCOR GROUP INC	8,439	$5.163M	4.9%	$611.79	$477.06	+28.2%	COM	29084Q100
ADI	ANALOG DEVICES INC	18,351	$4.977M	4.7%	$271.20	$218.27	+24.3%	COM	032654105
INTU	INTUIT	7,301	$4.836M	4.6%	$662.42	$666.42	-0.6%	COM	461202103
CW	CURTISS WRIGHT CORP	7,963	$4.39M	4.2%	$551.27	$494.88	+11.4%	COM	231561101
MSFT	MICROSOFT CORP	386	$3.973M	3.8%	$10293.75 *	$427.35	+13.2%	Call	594918104
DE	DEERE & CO	8,363	$3.894M	3.7%	$465.57	$432.59	+7.6%	COM	244199105
ECL	ECOLAB INC	14,561	$3.823M	3.6%	$262.52	$261.78	+0.3%	COM	278865100
AAPL	APPLE INC	13,938	$3.789M	3.6%	$271.86	$234.86	+15.8%	COM	037833100
VEEV	VEEVA SYS INC	16,286	$3.636M	3.5%	$223.23	$226.58	-1.5%	CL A COM	922475108
NVDA	NVIDIA CORPORATION	17,550	$3.273M	3.1%	$186.50	$127.62	+46.1%	COM	67066G104
TXN	TEXAS INSTRS INC	16,912	$2.934M	2.8%	$173.49	$188.04	-7.7%	COM	882508104
URI	UNITED RENTALS INC	3,372	$2.729M	2.6%	$809.32	$810.53	-0.1%	COM	911363109
EPD	ENTERPRISE PRODS PARTNERS L	79,774	$2.558M	2.4%	$32.06	$32.56	—	COM	293792107
NFLX	NETFLIX INC	906	$2.243M	2.1%	$2475.75 *	$106.89	-12.3%	Call	64110L106
NFLX	NETFLIX INC	23,198	$2.175M	2.1%	$93.76	$106.89	-12.3%	COM	64110L106
IBM	INTERNATIONAL BUSINESS MACHS	7,306	$2.164M	2.1%	$296.21	$298.78	-0.9%	COM	459200101
—	SHOPIFY INC	325	$2.083M	2.0%	$6408.14	—	—	Call	82509LAA5
CSGP	COSTAR GROUP INC	1,454	$2.033M	1.9%	$1397.98 *	$76.29	-11.9%	Call	22160N109
RACE	FERRARI N V	5,330	$1.97M	1.9%	$369.56	$400.15	-7.6%	COM	N3167Y103
MSFT	MICROSOFT CORP	3,930	$1.901M	1.8%	$483.62	$427.35	+13.2%	COM	594918104
TMO	THERMO FISHER SCIENTIFIC INC	3,023	$1.752M	1.7%	$579.45	$543.07	+6.7%	COM	883556102
SHOP	SHOPIFY INC	10,503	$1.691M	1.6%	$160.97	$135.57	+18.7%	CL A SUB VTG SHS	82509L107
IBM	INTERNATIONAL BUSINESS MACHS	242	$1.456M	1.4%	$6014.57 *	$298.78	-0.9%	Call	459200101
TMO	THERMO FISHER SCIENTIFIC INC	69	$1.237M	1.2%	$17923.58 *	$543.07	+6.7%	Call	883556102
CDNS	CADENCE DESIGN SYSTEM INC	244	$1.197M	1.1%	$4906.90 *	$326.31	-4.2%	Call	127387108
CDNS	CADENCE DESIGN SYSTEM INC	3,378	$1.056M	1.0%	$312.58	$326.31	-4.2%	COM	127387108
URI	UNITED RENTALS INC	54	$733K	0.7%	$13580.78 *	$810.53	-0.1%	Call	911363109
AMZN	AMAZON COM INC	102	$634K	0.6%	$6213.18 *	$205.22	+12.5%	Call	023135106
AAPL	APPLE INC	78	$508K	0.5%	$6506.54 *	$234.86	+15.8%	Call	037833100
QQQ	INVESCO QQQ TR	352	$280K	0.3%	$795.42 *	$572.63	+7.3%	Put	46090E103
QQQ	INVESCO QQQ TR	354	$217K	0.2%	$614.31	$572.63	+7.3%	UNIT SER 1	46090E103
SNAP	SNAP INC	10,000	$80,700	0.1%	$8.07	$11.27	-28.4%	CL A	83304A106