Family Office Research LLC

RIA/Wealth

Family Office Research LLC is a RIA/Wealth based in Bethesda, MD led by Scott Matthew Freund, reporting $580.9M in AUM as of Q3 2025 with 69% ETF concentration, 73% concentrated in top 10 holdings, and 21% allocation to MAR.

Managing PartnerScott Matthew Freund

Portfolio Value: $227.7M
Positions: 72
Top Holding: MAR at 20.57%
Last Reported: Q3 2025

Address7910 Woodmont Ave, Suite 1120, Bethesda, MD, 20814, United States

Top Holdings

Largest long holdings in Family Office Research LLC's portfolio (73.3% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Marriott International MAR	Travel Lodging Consumer Cyclical	$46.9M	20.57%	-$883.9K Sold	0.07% 179.9K shares	Q4 2024 Held for 11 months
2 Vanguard S&P 500 ETF VOO	ETF ETF	$25.0M	10.99%	+$320.9K Bought	— 40.9K shares	Q4 2024 Held for 11 months
3 US Treasury 3 Month Bill ETF TBIL	ETF ETF	$17.2M	7.57%	+$5.4M Bought	— 344.8K shares	Q4 2024 Held for 11 months
4 iShares U.S. Small Cap Equity Factor SMLF	ETF ETF	$14.9M	6.55%	-$64.1K Sold	— 200.7K shares	Q4 2024 Held for 11 months
5 VanEck Morningstar Wide Moat ETF MOAT	ETF ETF	$14.1M	6.18%	-$305.2K Sold	— 141.9K shares	Q4 2024 Held for 11 months
6 Dimensional U.S. Core Equity 2 DFAC	ETF ETF	$12.7M	5.59%	+$82.2K Bought	— 330.2K shares	Q4 2024 Held for 11 months
7 Invesco QQQ Trust QQQ	ETF ETF	$12.6M	5.54%	-$23.4K Sold	— 21.0K shares	Q4 2024 Held for 11 months
8 Avantis U.S. Equity AVUS	ETF ETF	$12.2M	5.35%	-$113.4K Sold	— 112.0K shares	Q4 2024 Held for 11 months
9 Delta Air Lines DAL	Airlines, Airports & Air Services Industrials	$6.2M	2.72%	-$19.1K Sold	0.02% 109.0K shares	Q4 2024 Held for 11 months
10 Dimensional International Core Equity 2 DFIC	ETF ETF	$5.0M	2.20%	-$35.2K Sold	— 152.8K shares	Q4 2024 Held for 11 months

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GthenH

Changes

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

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GthenC

Market Value

$227.7M

Prior: $211.5M

Q/Q Change

+7.7%

+$16.3M

Net Flows % of MV

+2.51%

Turnover Ratio

3.6%

New Purchases

6 stocks

$2.5M

Added To

25 stocks

+$8.0M

Sold Out Of

2 stocks

$1.4M

Reduced Holdings

33 stocks

-$3.4M

Increased Positions

Position	Shares Δ	Change
1 CoreWeave, Inc. CRWV	New	0 → 8.6K +$1.2M
2 Direxion Daily Small Cap Bull 3x Shares TNA	New	0 → 10.0K +$453.1K
3 Oracle ORCL	New	0 → 1.5K +$430.5K
4 MLPD Global X MLP & Energy Infrastructure Covered Call MLPD	New	0 → 3.7K +$233.3K
5 VanEck Semiconductor SMH	New	0 → 674.0 +$220.2K

Decreased Positions

Position	Shares Δ	Change
1 Meta Platforms, Inc. META	Sold	1.4K → 0 −$1.0M
2 CareDx CDNA	Sold	19.9K → 0 −$389.4K
3 Nuveen ESG Small-Cap NUSC	-41.32%	8.4K → 4.9K −$152.3K
4 Nvidia NVDA	-36.43%	2.9K → 1.9K −$199.0K
5 Janus Henderson AAA CLO JAAA	-25.4%	44.4K → 33.1K −$573.0K