SPG ADVISORS LLC Concentrated Active

CIK: 0001843253 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $9,727 (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (2)

IBM INTERNATIONAL BUSINESS 8.1%

Value ($000) $793 Shares 2,676 Est. Cost $298.78 Unrealized 0.0%

SPY SPDR S&P 500 ETF TR 2.1%

Value ($000) $203 Shares 297 Est. Cost $682.22 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBM	INTERNATIONAL BUSINESS	2,676	$793	8.1%	$298.78	0.0%	COM	459200101
SPY	SPDR S&P 500 ETF TR	297	$203	2.1%	$682.22	—	TR UNIT	78462F103

Increased Positions (2)

SGOV ISHARES TR 9.5%

Value ($000) $919 (+68.8%) Shares 9,159 (+69.4%) Est. Cost $100.57 Unrealized —

BIL SPDR SERIES TRUST 3.7%

Value ($000) $358 (+3.4%) Shares 3,916 (+3.9%) Est. Cost $91.72 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	9,159 (+69.4%)	$919 (+68.8%)	9.5%	$100.57	—	0-3 MNTH TREASRY	46436E718
BIL	SPDR SERIES TRUST	3,916 (+3.9%)	$358 (+3.4%)	3.7%	$91.72	—	STATE STREET SPD	78468R663

Exited Positions (1)

EFX EQUIFAX INC 3.0%

Value ($000) $291 Shares 1,135 Est. Cost $252.97 Unrealized -13.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EFX	EQUIFAX INC	1,135	$291	3.0%	$252.97	-13.6%	—	294429105

Decreased Positions (3)

COST COSTCO WHSL CORP NEW 4.8%

Value ($000) $471 (-13.4%) Shares 547 (-7.0%) Est. Cost $990.72 Unrealized -8.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 3.5%

Value ($000) $343 (-3.8%) Shares 682 (-3.8%) Est. Cost $507.86 Unrealized -2.0%

VTI VANGUARD INDEX FDS 3.8%

Value ($000) $374 (-1.2%) Shares 1,117 (-3.3%) Est. Cost $304.73 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COST	COSTCO WHSL CORP NEW	547 (-7.0%)	$471 (-13.4%)	4.8%	$990.72	-8.6%	COM	22160K105
BRK/B	BERKSHIRE HATHAWAY INC DEL	682 (-3.8%)	$343 (-3.8%)	3.5%	$507.86	-2.0%	CL B NEW	084670702
VTI	VANGUARD INDEX FDS	1,117 (-3.3%)	$374 (-1.2%)	3.8%	$304.73	—	TOTAL STK MKT	922908769

Unchanged Positions (5)

MSFT MICROSOFT CORP 19.1%

Value ($000) $1,858 Shares 3,841 Est. Cost $432.38 Unrealized +15.8%

AMZN AMAZON COM INC 25.4%

Value ($000) $2,475 Shares 10,721 Est. Cost $197.89 Unrealized +15.6%

AAPL APPLE INC 6.9%

Value ($000) $671 Shares 2,469 Est. Cost $201.41 Unrealized +33.2%

TSLA TESLA INC 10.6%

Value ($000) $1,034 Shares 2,299 Est. Cost $301.28 Unrealized +47.1%

BA BOEING CO 2.4%

Value ($000) $229 Shares 1,053 Est. Cost $188.88 Unrealized +8.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	3,841	$1,858	19.1%	$432.38	+15.8%	COM	594918104
AMZN	AMAZON COM INC	10,721	$2,475	25.4%	$197.89	+15.6%	COM	023135106
AAPL	APPLE INC	2,469	$671	6.9%	$201.41	+33.2%	COM	037833100
TSLA	TESLA INC	2,299	$1,034	10.6%	$301.28	+47.1%	COM	88160R101
BA	BOEING CO	1,053	$229	2.4%	$188.88	+8.9%	COM	097023105