KM Capital Management Ltd. Concentrated Active

CIK: 0001963514 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $195,735 (100.0% shares, 0.0% debt)

Holdings (47)

New Positions (3)

BRHY BLACKROCK ETF TRUST II 2.6%

Value ($000) $5,079 Shares 104,332 Est. Cost $48.68 Unrealized —

BAI BLACKROCK ETF TRUST 1.2%

Value ($000) $2,287 Shares 68,681 Est. Cost $33.30 Unrealized —

IYJ ISHARES TR 0.3%

Value ($000) $510 Shares 3,444 Est. Cost $148.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRHY	BLACKROCK ETF TRUST II	104,332	$5,079	2.6%	$48.68	—	ISHARES HIGH YIE	092528868
BAI	BLACKROCK ETF TRUST	68,681	$2,287	1.2%	$33.30	—	ISHARES A I INNO	09290C780
IYJ	ISHARES TR	3,444	$510	0.3%	$148.17	—	US INDUSTRIALS	464287754

Increased Positions (15)

IAU ISHARES GOLD TR 6.9%

Value ($000) $13,482 (+204.1%) Shares 70,432 (+15.6%) Est. Cost $78.25 Unrealized —

IEMG ISHARES INC 5.2%

Value ($000) $10,142 (+23.3%) Shares 150,873 (+20.9%) Est. Cost $64.37 Unrealized —

IYW ISHARES TR 0.7%

Value ($000) $1,433 (+399.5%) Shares 7,178 (+390.0%) Est. Cost $194.29 Unrealized —

ITA ISHARES TR 1.6%

Value ($000) $3,076 (+57.5%) Shares 14,328 (+53.6%) Est. Cost $211.15 Unrealized —

TLT ISHARES TR 1.5%

Value ($000) $2,880 (+12.8%) Shares 33,048 (+15.7%) Est. Cost $91.66 Unrealized —

SPYV SPDR SERIES TRUST 0.5%

Value ($000) $976 (+31.4%) Shares 17,181 (+27.9%) Est. Cost $52.55 Unrealized —

IWB ISHARES TR 1.7%

Value ($000) $3,373 (+4.2%) Shares 9,033 (+2.0%) Est. Cost $283.23 Unrealized —

IVV ISHARES TR 0.3%

Value ($000) $643 (+22.7%) Shares 939 (+19.9%) Est. Cost $582.34 Unrealized —

SPEM SPDR INDEX SHS FDS 0.2%

Value ($000) $413 (+33.5%) Shares 8,828 (+33.5%) Est. Cost $44.41 Unrealized —

EMGF ISHARES INC 0.2%

Value ($000) $458 (+25.9%) Shares 7,915 (+23.2%) Est. Cost $53.16 Unrealized —

SPYG SPDR SERIES TRUST 0.8%

Value ($000) $1,515 (+3.5%) Shares 14,196 (+1.3%) Est. Cost $68.19 Unrealized —

MUB ISHARES TR 0.6%

Value ($000) $1,186 (+4.3%) Shares 11,077 (+3.7%) Est. Cost $105.65 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 1.1%

Value ($000) $2,226 (-1.3%) Shares 44,835 (+29.2%) Est. Cost $47.45 Unrealized —

ICSH ISHARES TR 0.4%

Value ($000) $729 (+3.3%) Shares 14,412 (+3.7%) Est. Cost $50.23 Unrealized —

IXUS ISHARES TR 0.1%

Value ($000) $235 (+4.4%) Shares 2,776 (+1.9%) Est. Cost $60.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAU	ISHARES GOLD TR	70,432 (+15.6%)	$13,482 (+204.1%)	6.9%	$78.25	—	ISHARES NEW	464285204
IEMG	ISHARES INC	150,873 (+20.9%)	$10,142 (+23.3%)	5.2%	$64.37	—	CORE MSCI EMKT	46434G103
IYW	ISHARES TR	7,178 (+390.0%)	$1,433 (+399.5%)	0.7%	$194.29	—	U.S. TECH ETF	464287721
ITA	ISHARES TR	14,328 (+53.6%)	$3,076 (+57.5%)	1.6%	$211.15	—	US AER DEF ETF	464288760
TLT	ISHARES TR	33,048 (+15.7%)	$2,880 (+12.8%)	1.5%	$91.66	—	20 YR TR BD ETF	464287432
SPYV	SPDR SERIES TRUST	17,181 (+27.9%)	$976 (+31.4%)	0.5%	$52.55	—	STATE STREET SPD	78464A508
IWB	ISHARES TR	9,033 (+2.0%)	$3,373 (+4.2%)	1.7%	$283.23	—	RUS 1000 ETF	464287622
IVV	ISHARES TR	939 (+19.9%)	$643 (+22.7%)	0.3%	$582.34	—	CORE S&P500 ETF	464287200
SPEM	SPDR INDEX SHS FDS	8,828 (+33.5%)	$413 (+33.5%)	0.2%	$44.41	—	PORTFOLIO EMG MK	78463X509
EMGF	ISHARES INC	7,915 (+23.2%)	$458 (+25.9%)	0.2%	$53.16	—	EMNG MKTS EQT	46434G889
SPYG	SPDR SERIES TRUST	14,196 (+1.3%)	$1,515 (+3.5%)	0.8%	$68.19	—	STATE STREET SPD	78464A409
MUB	ISHARES TR	11,077 (+3.7%)	$1,186 (+4.3%)	0.6%	$105.65	—	NATIONAL MUN ETF	464288414
IBIT	ISHARES BITCOIN TRUST ETF	44,835 (+29.2%)	$2,226 (-1.3%)	1.1%	$47.45	—	SHS BEN INT	46438F101
ICSH	ISHARES TR	14,412 (+3.7%)	$729 (+3.3%)	0.4%	$50.23	—	ULTRA SHORT DUR	46434V878
IXUS	ISHARES TR	2,776 (+1.9%)	$235 (+4.4%)	0.1%	$60.28	—	CORE MSCI TOTAL	46432F834

Exited Positions (8)

QQQ INVESCO QQQ TR 6.1%

Value ($000) $11,968 Shares 19,934 Est. Cost $390.71 Unrealized —

HIMU BLACKROCK ETF TRUST II 3.1%

Value ($000) $6,043 Shares 122,849 Est. Cost $49.37 Unrealized —

DMAX ISHARES TR 0.7%

Value ($000) $1,454 Shares 55,025 Est. Cost $24.95 Unrealized —

USMV ISHARES TR 0.3%

Value ($000) $581 Shares 6,110 Est. Cost $93.66 Unrealized —

CMF ISHARES TR 0.3%

Value ($000) $513 Shares 8,988 Est. Cost $56.71 Unrealized —

IVVB BLACKROCK ETF TRUST II 0.2%

Value ($000) $484 Shares 14,800 Est. Cost $29.32 Unrealized —

AVUV AMERICAN CENTY ETF TR 0.2%

Value ($000) $334 Shares 3,355 Est. Cost $87.17 Unrealized —

TCAF T ROWE PRICE ETF INC 0.1%

Value ($000) $285 Shares 7,560 Est. Cost $32.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	19,934	$11,968	6.1%	$390.71	—	—	46090E103
HIMU	BLACKROCK ETF TRUST II	122,849	$6,043	3.1%	$49.37	—	—	092528843
DMAX	ISHARES TR	55,025	$1,454	0.7%	$24.95	—	—	46438G471
USMV	ISHARES TR	6,110	$581	0.3%	$93.66	—	—	46429B697
CMF	ISHARES TR	8,988	$513	0.3%	$56.71	—	—	464288356
IVVB	BLACKROCK ETF TRUST II	14,800	$484	0.2%	$29.32	—	—	092528801
AVUV	AMERICAN CENTY ETF TR	3,355	$334	0.2%	$87.17	—	—	025072877
TCAF	T ROWE PRICE ETF INC	7,560	$285	0.1%	$32.28	—	—	87283Q867

Decreased Positions (20)

DFUS DIMENSIONAL ETF TRUST 17.3%

Value ($000) $33,826 (-14.8%) Shares 456,057 (-16.8%) Est. Cost $46.00 Unrealized —

ITOT ISHARES TR 11.2%

Value ($000) $21,898 (-19.5%) Shares 147,271 (-21.2%) Est. Cost $99.45 Unrealized —

IWL ISHARES TR 6.8%

Value ($000) $13,273 (-11.7%) Shares 77,787 (-14.1%) Est. Cost $91.97 Unrealized —

ONEQ FIDELITY COMWLTH TR 1.3%

Value ($000) $2,519 (-40.2%) Shares 27,564 (-41.7%) Est. Cost $47.67 Unrealized —

DYNF BLACKROCK ETF TRUST 4.2%

Value ($000) $8,214 (-15.5%) Shares 135,072 (-17.7%) Est. Cost $47.46 Unrealized —

OEF ISHARES TR 2.5%

Value ($000) $4,893 (-21.4%) Shares 14,266 (-23.7%) Est. Cost $225.48 Unrealized —

THRO BLACKROCK ETF TRUST 2.2%

Value ($000) $4,367 (-20.0%) Shares 113,258 (-21.4%) Est. Cost $31.69 Unrealized —

IEV ISHARES TR 1.7%

Value ($000) $3,352 (-21.1%) Shares 48,858 (-24.7%) Est. Cost $50.66 Unrealized —

DFIV DIMENSIONAL ETF TRUST 7.4%

Value ($000) $14,502 (+5.9%) Shares 290,623 (-2.1%) Est. Cost $32.62 Unrealized —

DFGR DIMENSIONAL ETF TRUST 0.4%

Value ($000) $784 (-50.7%) Shares 29,670 (-49.0%) Est. Cost $26.37 Unrealized —

SPTL SPDR SERIES TRUST 3.1%

Value ($000) $5,977 (-9.0%) Shares 225,788 (-7.3%) Est. Cost $27.46 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 1.9%

Value ($000) $3,809 (-6.7%) Shares 74,766 (-6.5%) Est. Cost $50.88 Unrealized —

EFG ISHARES TR 0.8%

Value ($000) $1,662 (-12.3%) Shares 14,591 (-12.3%) Est. Cost $89.96 Unrealized —

QUAL ISHARES TR 3.0%

Value ($000) $5,784 (-3.7%) Shares 29,119 (-5.7%) Est. Cost $155.83 Unrealized —

EMXC ISHARES INC 0.5%

Value ($000) $886 (-19.4%) Shares 12,195 (-25.1%) Est. Cost $56.46 Unrealized —

SPHQ INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $203 (-34.9%) Shares 2,707 (-36.5%) Est. Cost $63.91 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.1%

Value ($000) $213 (-31.6%) Shares 2,678 (-31.4%) Est. Cost $79.26 Unrealized —

DFAX DIMENSIONAL ETF TRUST 0.6%

Value ($000) $1,158 (-4.8%) Shares 35,379 (-8.7%) Est. Cost $21.82 Unrealized —

MEAR ISHARES U S ETF TR 0.2%

Value ($000) $456 (-5.1%) Shares 9,066 (-4.7%) Est. Cost $50.13 Unrealized —

DFAS DIMENSIONAL ETF TRUST 0.3%

Value ($000) $587 (-3.8%) Shares 8,422 (-5.5%) Est. Cost $51.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DFUS	DIMENSIONAL ETF TRUST	456,057 (-16.8%)	$33,826 (-14.8%)	17.3%	$46.00	—	US EQUITY MARKET	25434V401
ITOT	ISHARES TR	147,271 (-21.2%)	$21,898 (-19.5%)	11.2%	$99.45	—	CORE S&P TTL STK	464287150
IWL	ISHARES TR	77,787 (-14.1%)	$13,273 (-11.7%)	6.8%	$91.97	—	RUS TOP 200 ETF	464289446
ONEQ	FIDELITY COMWLTH TR	27,564 (-41.7%)	$2,519 (-40.2%)	1.3%	$47.67	—	NASDAQ COMPSIT	315912808
DYNF	BLACKROCK ETF TRUST	135,072 (-17.7%)	$8,214 (-15.5%)	4.2%	$47.46	—	ISHARES US EQUIT	09290C103
OEF	ISHARES TR	14,266 (-23.7%)	$4,893 (-21.4%)	2.5%	$225.48	—	S&P 100 ETF	464287101
THRO	BLACKROCK ETF TRUST	113,258 (-21.4%)	$4,367 (-20.0%)	2.2%	$31.69	—	ISHARES US THEMA	09290C806
IEV	ISHARES TR	48,858 (-24.7%)	$3,352 (-21.1%)	1.7%	$50.66	—	EUROPE ETF	464287861
DFIV	DIMENSIONAL ETF TRUST	290,623 (-2.1%)	$14,502 (+5.9%)	7.4%	$32.62	—	INTERNATNAL VAL	25434V807
DFGR	DIMENSIONAL ETF TRUST	29,670 (-49.0%)	$784 (-50.7%)	0.4%	$26.37	—	GLOBAL REAL EST	25434V658
SPTL	SPDR SERIES TRUST	225,788 (-7.3%)	$5,977 (-9.0%)	3.1%	$27.46	—	STATE STREET SPD	78464A664
JMST	J P MORGAN EXCHANGE TRADED F	74,766 (-6.5%)	$3,809 (-6.7%)	1.9%	$50.88	—	ULTRA SHT MUNCPL	46641Q654
EFG	ISHARES TR	14,591 (-12.3%)	$1,662 (-12.3%)	0.8%	$89.96	—	EAFE GRWTH ETF	464288885
QUAL	ISHARES TR	29,119 (-5.7%)	$5,784 (-3.7%)	3.0%	$155.83	—	MSCI USA QLT FCT	46432F339
EMXC	ISHARES INC	12,195 (-25.1%)	$886 (-19.4%)	0.5%	$56.46	—	MSCI EMRG CHN	46434G764
SPHQ	INVESCO EXCHANGE TRADED FD T	2,707 (-36.5%)	$203 (-34.9%)	0.1%	$63.91	—	S&P500 QUALITY	46137V241
VCSH	VANGUARD SCOTTSDALE FDS	2,678 (-31.4%)	$213 (-31.6%)	0.1%	$79.26	—	SHRT TRM CORP BD	92206C409
DFAX	DIMENSIONAL ETF TRUST	35,379 (-8.7%)	$1,158 (-4.8%)	0.6%	$21.82	—	WORLD EX US CORE	25434V880
MEAR	ISHARES U S ETF TR	9,066 (-4.7%)	$456 (-5.1%)	0.2%	$50.13	—	SHORT MATURITY M	46431W838
DFAS	DIMENSIONAL ETF TRUST	8,422 (-5.5%)	$587 (-3.8%)	0.3%	$51.56	—	US SMALL CAP ETF	25434V500

Unchanged Positions (9)

IYR ISHARES TR 1.2%

Value ($000) $2,345 Shares 24,974 Est. Cost $80.61 Unrealized —

DFAC DIMENSIONAL ETF TRUST 1.2%

Value ($000) $2,323 Shares 58,675 Est. Cost $24.28 Unrealized —

FNDF SCHWAB STRATEGIC TR 0.6%

Value ($000) $1,207 Shares 26,690 Est. Cost $37.37 Unrealized —

LRGF ISHARES TR 3.2%

Value ($000) $6,289 Shares 90,582 Est. Cost $60.94 Unrealized —

VV VANGUARD INDEX FDS 1.0%

Value ($000) $2,015 Shares 6,400 Est. Cost $270.87 Unrealized —

DFAI DIMENSIONAL ETF TRUST 0.2%

Value ($000) $341 Shares 8,956 Est. Cost $31.67 Unrealized —

VTI VANGUARD INDEX FDS 0.1%

Value ($000) $248 Shares 739 Est. Cost $191.19 Unrealized —

IETC ISHARES U S ETF TR 0.8%

Value ($000) $1,607 Shares 15,822 Est. Cost $68.69 Unrealized —

GOVT ISHARES TR 0.2%

Value ($000) $354 Shares 15,373 Est. Cost $22.98 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IYR	ISHARES TR	24,974	$2,345	1.2%	$80.61	—	U.S. REAL ES ETF	464287739
DFAC	DIMENSIONAL ETF TRUST	58,675	$2,323	1.2%	$24.28	—	US CORE EQUITY 2	25434V708
FNDF	SCHWAB STRATEGIC TR	26,690	$1,207	0.6%	$37.37	—	FUNDAMENTAL INTL	808524755
LRGF	ISHARES TR	90,582	$6,289	3.2%	$60.94	—	U S EQUITY FACTR	46434V282
VV	VANGUARD INDEX FDS	6,400	$2,015	1.0%	$270.87	—	LARGE CAP ETF	922908637
DFAI	DIMENSIONAL ETF TRUST	8,956	$341	0.2%	$31.67	—	INTL CORE EQT MK	25434V203
VTI	VANGUARD INDEX FDS	739	$248	0.1%	$191.19	—	TOTAL STK MKT	922908769
IETC	ISHARES U S ETF TR	15,822	$1,607	0.8%	$68.69	—	U.S. TECH INDEPD	46431W648
GOVT	ISHARES TR	15,373	$354	0.2%	$22.98	—	US TREAS BD ETF	46429B267