25 LLC

Real Assets

25 LLC is a Real Assets based in Charlotte, NC led by Shaun Nmn Ahmad, reporting $401.2M in AUM as of Q3 2025 with 94% ETF concentration, 83% concentrated in top 10 holdings, and 16% allocation to VXUS.

PresidentShaun Nmn Ahmad

Portfolio Value: $293.7M
Positions: 67
Top Holding: VXUS at 15.83%
Last Reported: Q3 2025

Address3540 Toringdon Way, Suite 200, Charlotte, NC, 28277, United States

Top Holdings

Largest long holdings in 25 LLC's portfolio (82.6% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Total International Stock VXUS	ETF ETF	$46.5M	15.83%	+$744.7K Bought	— 633.0K shares	Q1 2023 Held for 2y 8m
2 Vanguard Small-Cap Value VBR	ETF ETF	$40.1M	13.66%	+$171.8K Bought	— 192.2K shares	Q1 2023 Held for 2y 8m
3 Vanguard FTSE All-World EX-US Small-Cap Index Fund VSS	ETF ETF	$28.8M	9.81%	+$203.6K Bought	— 202.0K shares	Q1 2023 Held for 2y 8m
4 Vanguard Intermediate-Term Corporate Bond VCIT	ETF ETF	$27.2M	9.26%	+$1.2M Bought	— 323.4K shares	Q1 2023 Held for 2y 8m
5 Vanguard Value VTV	ETF ETF	$24.3M	8.28%	-$85.0K Sold	— 130.4K shares	Q1 2023 Held for 2y 8m
6 Vanguard Growth VUG	ETF ETF	$22.4M	7.62%	+$595.7K Bought	— 46.7K shares	Q1 2023 Held for 2y 8m
7 Vanguard Intermediate-Term Treasury VGIT	ETF ETF	$19.6M	6.68%	+$1.4M Bought	— 326.9K shares	Q1 2023 Held for 2y 8m
8 Vanguard Small-Cap ETF VB	ETF ETF	$13.4M	4.57%	+$26.4K Bought	— 52.7K shares	Q1 2023 Held for 2y 8m
9 iShares National Muni Bond MUB	ETF ETF	$10.4M	3.55%	-$516.3K Sold	— 97.8K shares	Q1 2023 Held for 2y 8m
10 Vanguard Tax-Exempt Bond Index Fund VTEB	ETF ETF	$9.7M	3.30%	-$250.7K Sold	— 193.5K shares	Q1 2023 Held for 2y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in 25 LLC's latest filing

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Market Value

$293.7M

Prior: $272.2M

Q/Q Change

+7.88%

+$21.5M

Net Flows % of MV

+1.46%

Turnover Ratio

1.48%

New Purchases

2 stocks

$445.6K

Added To

40 stocks

+$5.5M

Sold Out Of

1 stocks

$12.1K

Reduced Holdings

17 stocks

-$1.7M

Increased Positions

Position	Shares Δ	Change
1 IAU iShares Gold Trust IAU	New	0 → 3.4K +$244.7K
2 Vanguard Ultra-Short Bond VUSB	New	0 → 4.0K +$201.0K
3 iShares Core S&P 500 ETF IVV	+23.0%	387.0 → 476.0 +$59.5K
4 DFCF Dimensional Core Fixed Income DFCF	+20.96%	12.8K → 15.5K +$114.9K
5 Alphabet Inc. GOOGL	+14.28%	1.6K → 1.8K +$54.2K

Decreased Positions

Position	Shares Δ	Change
1 MacKenzie Realty Capital, Inc. MKZR	Sold	1.8K → 0 −$12.1K
2 ServiceTitan, Inc. TTAN	-35.0%	4.2K → 2.8K −$149.8K
3 Dimensional US Small Cap Value DFSV	-10.42%	17.5K → 15.6K −$57.9K
4 Vanguard S&P 500 ETF VOO	-7.85%	8.2K → 7.6K −$396.2K
5 PBR Petroleo Brasileiro S.A. PBR	-6.97%	16.8K → 15.6K −$14.9K