LAZARI CAPITAL MANAGEMENT, INC.

RIA/Wealth

LAZARI CAPITAL MANAGEMENT, INC. is a RIA/Wealth based in Woodland Hills, CA led by Michael Lazari Karapetian, reporting $614.6M in AUM as of Q3 2025 with 34% Technology concentration and 56% concentrated in top 10 holdings.

PresidentMichael Lazari Karapetian

Portfolio Value: $294.0M
Positions: 164
Top Holding: AAPL at 13.81%
Last Reported: Q3 2025

Address6928 Owensmouth Ave., #200, Woodland Hills, CA, 91303, United States

Top Holdings

Largest long holdings in LAZARI CAPITAL MANAGEMENT, INC.'s portfolio (55.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Apple AAPL	Consumer Electronics Technology	$40.6M	13.81%	-$1.6M Sold	0.00% 159.4K shares	Q2 2023 Held for 2y 5m
2 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$24.3M	8.27%	-$155.0K Sold	0.00% 33.1K shares	Q2 2023 Held for 2y 5m
3 Nvidia NVDA	Semiconductors Technology	$19.0M	6.46%	-$67.7K Sold	0.00% 101.9K shares	Q2 2023 Held for 2y 5m
4 Uber Technologies UBER	Software - Application Technology	$17.4M	5.93%	-$487.6K Sold	0.01% 178.0K shares	Q2 2023 Held for 2y 5m
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$16.9M	5.75%	-$138.3K Sold	0.00% 77.0K shares	Q2 2023 Held for 2y 5m
6 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$13.3M	4.52%	-$33.8K Sold	0.00% 54.6K shares	Q2 2023 Held for 2y 5m
7 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$9.8M	3.35%	+$4.9M Bought	0.00% 22.1K shares	Q2 2023 Held for 2y 5m
8 Microsoft MSFT	Software - Infrastructure Technology	$8.5M	2.90%	-$66.8K Sold	0.00% 16.4K shares	Q2 2023 Held for 2y 5m
9 Walt Disney DIS	Entertainment Communication Services	$7.1M	2.43%	-$93.0K Sold	0.00% 62.3K shares	Q2 2023 Held for 2y 5m
10 BP BP BP	Unknown Unknown	$6.9M	2.33%	-$37.1K Sold	— 198.9K shares	Q2 2023 Held for 2y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in LAZARI CAPITAL MANAGEMENT, INC.'s latest filing

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Market Value

$294.0M

Prior: $265.4M

Q/Q Change

+10.76%

+$28.6M

Net Flows % of MV

+0.149%

Turnover Ratio

3.52%

New Purchases

9 stocks

$2.2M

Added To

50 stocks

+$7.8M

Sold Out Of

5 stocks

$1.0M

Reduced Holdings

69 stocks

-$8.6M

Increased Positions

Position	Shares Δ	Change
1 Bloom Energy BE	New	0 → 7.6K +$643.9K
2 Fiserv FI	New	0 → 1.9K +$247.0K
3 Oklo OKLO	New	0 → 1.9K +$212.1K
4 Fastenal FAST	New	0 → 4.2K +$207.1K
5 WEC Energy Group WEC	New	0 → 1.8K +$205.4K

Decreased Positions

Position	Shares Δ	Change
1 The Trade Desk TTD	Sold	3.3K → 0 −$235.2K
2 Dimensional Emerging Markets Value DFEV	Sold	7.7K → 0 −$229.9K
3 Target TGT	Sold	2.2K → 0 −$212.1K
4 Waste Management WM	Sold	896.0 → 0 −$205.0K
5 Short VIX Futures ETF SVIX	Sold	10.6K → 0 −$164.4K