LM Advisors LLC

RIA/Wealth

LM Advisors LLC is a RIA/Wealth based in San Diego, CA led by Leonardo Simpser, reporting $2.3B in AUM as of Q3 2025 with 61% ETF concentration, 63% concentrated in top 10 holdings, and 25% allocation to SPY.

Managing PartnerLeonardo Simpser

Portfolio Value: $789.3M
Positions: 186
Top Holding: SPY at 24.63%
Last Reported: Q3 2025

Address750 B Street, Suite 3020, San Diego, CA, 92101-8192, United States

Top Holdings

Largest long holdings in LM Advisors LLC's portfolio (63.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$194.4M	24.63%	+$152.7M Bought	— 291.9K shares	Q4 2023 Held for 1y 11m
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$59.2M	7.49%	+$278.9K Bought	0.00% 269.4K shares	Q4 2023 Held for 1y 11m
3 Vanguard S&P 500 ETF VOO	ETF ETF	$54.2M	6.87%	+$5.1M Bought	— 88.5K shares	Q4 2023 Held for 1y 11m
4 Invesco QQQ Trust QQQ	ETF ETF	$41.2M	5.22%	+$22.4M Bought	— 68.6K shares	Q1 2024 Held for 1y 8m
5 Invesco Russell 1000 Dynamic Multifactor OMFL	ETF ETF	$37.5M	4.75%	-$324.5K Sold	— 622.5K shares	Q4 2023 Held for 1y 11m
6 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$33.6M	4.26%	-$1.2M Sold	0.00% 138.0K shares	Q4 2023 Held for 1y 11m
7 Apple AAPL	Consumer Electronics Technology	$26.9M	3.40%	-$50.3M Sold	0.00% 105.5K shares	Q4 2023 Held for 1y 11m
8 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$18.7M	2.37%	+$11.2M Bought	0.00% 37.2K shares	Q4 2023 Held for 1y 11m
9 Microsoft MSFT	Software - Infrastructure Technology	$18.2M	2.31%	-$103.6M Sold	0.00% 35.1K shares	Q4 2023 Held for 1y 11m
10 SPDR Dow Jones Industrial Average ETF Trust DIA	ETF ETF	$17.0M	2.15%	+$10.2M Bought	— 36.6K shares	Q4 2023 Held for 1y 11m

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Changes

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

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Market Value

$789.3M

Prior: $732.9M

Q/Q Change

+7.69%

+$56.4M

Net Flows % of MV

-3.77%

Turnover Ratio

25.01%

New Purchases

13 stocks

$9.9M

Added To

51 stocks

+$216.4M

Sold Out Of

5 stocks

$1.6M

Reduced Holdings

41 stocks

-$254.5M

Increased Positions

Position	Shares Δ	Change
1 iShares MSCI Emerging Markets Min Vol Factor EEMV	New	0 → 59.8K +$3.8M
2 ProShares UltraPro QQQ TQQQ	New	0 → 11.0K +$1.1M
3 Direxion Daily S&P 500 Bull 3x Shares SPXL	New	0 → 4.1K +$860.3K
4 Life Time Group Holdings LTH	New	0 → 26.0K +$717.6K
5 ProShares UltraPro Dow 30 UDOW	New	0 → 6.6K +$703.4K

Decreased Positions

Position	Shares Δ	Change
1 Direxion Daily Semiconductor Bull 3X Shares SOXL	Sold	20.0K → 0 −$502.2K
2 KKR & Co. KKR	Sold	3.5K → 0 −$465.6K
3 ON Semiconductor ON	Sold	4.2K → 0 −$219.6K
4 Wells Fargo & Company WFC	Sold	2.7K → 0 −$213.7K
5 Starwood Property Trust STWD	Sold	10.0K → 0 −$200.7K