Kearns & Associates LLC

Registered adviser

CIK

1908695

Location

Palos Verdes Estates, CA

Portfolio Value

Small $214,746,073

Diversification

Highly concentrated

Filing Date

Global Rank

#6,165 / 8,807 ▼ 273 · as of Jun 2026

Top Industry

Consumer Electronics 26.8%

Period ended 20 days ago

Filed Oct 9, 2026 · 11d

20 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 157449

Roster of Oct 1, 2026

Regulatory AUM

$1,175,703,135

Main clients

Individuals and high net worth (67% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,175,703,135	Individuals and high net worth (67%)
Apr 2025 to Mar 2026	$1,133,773,257	Individuals and high net worth (65%)
Apr 2024 to Mar 2025	$1,074,156,028	Individuals and high net worth (58%)
May 2023 to Mar 2024	$601,779,445	Individuals and high net worth (85%)
Apr 2023	$601,779,445	Individuals and high net worth (85%)
Apr 2022 to Mar 2023	$720,696,780	Individuals and high net worth (83%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.3% of the book (60%+)

Turnover

Low turnover

2.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 18.1 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 87.1%; sector active share 79.0% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

39 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

66.4%

+0.3 pts

Top 5

87.1%

+0.7 pts

Top 10

94.3%

+1.0 pts

HHI

4,565

Highly concentrated+46

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	88.0%	$188,974,202	18
Technology	4.4%	$9,466,463	3
Financial Services	2.9%	$6,141,391	9
Healthcare	1.9%	$4,037,483	2
Communication Services	1.5%	$3,287,136	2
Consumer Cyclical	0.5%	$1,161,039	1
Energy	0.4%	$834,752	2
Industrials	0.2%	$501,693	1
Real Estate	0.2%	$341,914	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
FBND	Fidelity Total Bond ETF	+32,250	68,035	$2,945,915
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+2,135	127,173	$7,542,630
SCHF	Schwab International Equity ETF	+1,989	95,770	$2,630,801
VEA	Vanguard FTSE Developed Markets ETF	+83	328,777	$23,214,943
VNQ	VANGUARD REAL ESTATE INDEX FUND	+6	5,251	$470,647
VUG	VANGUARD GROWTH INDEX FUND	+3	25,614	$2,308,077
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−428	175,988	$65,861,749
MS	Morgan Stanley	−375	1,125	$211,590
SCHW	Schwab Charles Corp	−300	8,700	$850,338
VOO	VANGUARD 500 INDEX FUND	−147	90,079	$63,132,767
VB	Vanguard Index Funds	−40	39,327	$11,188,138
IVV	iShares Core S&P 500 ETF	−1	604	$0
SCHE	Schwab Emerging Markets Equity ETF	−1	26,648	$971,319
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
VXUS	Vanguard Total International Stock ETF	3,308	$281,047
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
AVGO	Broadcom Inc.	1,000	$377,750
SYK	Stryker Corp	720	$226,684
MDY	Spdr S&P Midcap 400 ETF Trust	300	$211,002
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

39 tracked positions · $214,746,073 total · filing declares 39 positions · $217,629,234 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	175,988	-428	$65,861,749	+0.9%	30.67%
VOO	VANGUARD 500 INDEX FUND	Reduced	90,079	-147	$63,132,767	+1.9%	29.40%
VEA	Vanguard FTSE Developed Markets ETF	Added	328,777	+83	$23,214,943	−0.9%	10.81%
VB	Vanguard Index Funds	Reduced	39,327	-40	$11,188,138	−6.2%	5.21%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	127,173	+2,135	$7,542,630	+1.1%	3.51%
AAPL	Apple Inc. Technology	Held	20,743	0	$6,907,833	+15.1%	3.22%
SPY	Spdr S&P 500 ETF Trust	Held	9,029	0	$6,885,786	+2.1%	3.21%
RPRX	Royalty Pharma plc Healthcare	Held	58,240	0	$3,398,886	+4.1%	1.58%
FBND	Fidelity Total Bond ETF	Added	68,035	+32,250	$2,945,915	+81.0%	1.37%
SCHF	Schwab International Equity ETF	Added	95,770	+1,989	$2,630,801	+1.3%	1.23%
VUG	VANGUARD GROWTH INDEX FUND	Added	25,614	+3	$2,308,077	+4.6%	1.07%
MSFT	Microsoft Corp Technology	Held	4,305	0	$2,208,034	+37.5%	1.03%
GOOGL	Alphabet Inc. Communication Services	Held	4,800	0	$1,651,584	−3.7%	0.77%
GOOG	Alphabet Inc. Communication Services	Held	4,800	0	$1,635,552	−3.6%	0.76%
PJUL		Held	25,755	0	$1,279,508	+1.8%	0.60%
AMZN	Amazon Com Inc Consumer Cyclical	Held	4,660	0	$1,161,039	+4.5%	0.54%
V	Visa Inc. Financial Services	Held	3,200	0	$1,149,856	+4.7%	0.54%
BAC	Bank Of America Corp /De/ Financial Services	Held	19,500	0	$1,061,385	−4.5%	0.49%
SCHE	Schwab Emerging Markets Equity ETF	Reduced	26,648	-1	$971,319	+0.5%	0.45%
GS	Goldman Sachs Group Inc Financial Services	Held	1,000	0	$900,360	−11.0%	0.42%
AXP	American Express Co Financial Services	Held	2,800	0	$851,480	−10.1%	0.40%
SCHW	Schwab Charles Corp Financial Services	Reduced	8,700	-300	$850,338	+2.4%	0.40%
JPM	Jpmorgan Chase & Co Financial Services	Held	1,967	0	$650,742	+1.1%	0.30%
TMO	Thermo Fisher Scientific Inc. Healthcare	Held	946	0	$638,597	+34.6%	0.30%
OXY	Occidental Petroleum Corp /De/ Energy	Held	11,368	0	$628,877	+13.9%	0.29%
JCI	Johnson Controls International plc Industrials	Held	3,375	0	$501,693	+1.7%	0.23%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	5,251	+6	$470,647	−6.9%	0.22%
QCOM	Qualcomm Inc/De Technology	Held	1,905	0	$350,596	−0.4%	0.16%
EQIX	Equinix Inc Real Estate	Held	338	0	$341,914	−3.0%	0.16%
VXUS	Vanguard Total International Stock ETF	NEW	3,308	NEW	$281,047	NEW	0.13%
GLD	Spdr Gold Trust	Held	685	0	$260,875	+3.4%	0.12%
WFC	Wells Fargo & Company/Mn Financial Services	Held	3,200	0	$256,160	−3.1%	0.12%
MS	Morgan Stanley Financial Services	Reduced	1,125	-375	$211,590	−32.5%	0.10%
COF	Capital One Financial Corp Financial Services	Held	1,085	0	$209,480	−3.8%	0.10%
BKR	Baker Hughes Co Energy	Held	3,750	0	$205,875	−1.1%	0.10%
IGM	iShares Expanded Tech Sector ETF	Held	8,226	0	$0	−100.0%	0.00%
IJR	iShares Core S&P Small-Cap ETF	Held	5,808	0	$0	−100.0%	0.00%
IVV	iShares Core S&P 500 ETF	Reduced	604	-1	$0	−100.0%	0.00%
IWV	iShares Russell 3000 ETF	Held	549	0	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.