Richard S. Fuld - Matrix Private Capital Group 13F Activity & Position Changes (Q4 2025)

According to the SEC 13F filed on Feb 17, 2026, the Matrix Private Capital Group portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q4 2025, the filing reported:

New Buys - SPDR Bloomberg 1-3 Month T-Bill, Fair Isaac Corporation, PIMCO Enhanced Short Maturity A, PIMCO U.S. Treasury Index Fund , Global X Uranium ETF

Increases - Apple Inc., AbbVie Inc., Amazon.com, Inc., iShares Flexible Income Active , Berkshire Hathaway Inc. New, and 46 more

Reductions - Broadcom Inc., Invesco Senior Loan ETF, Walt Disney Company (The), DoubleLine Income Solutions Fun, Blackrock Debt Strategies Fund,, and 11 more

Complete Exits - Grayscale Bitcoin Trust (BTC)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2025	AAPL Apple Inc.	Apple Inc.	Buy	+15	+0.2%	$1.97M	7,249
Q4 2025	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+10	+0.6%	$367.41K	1,608
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+50	+0.7%	$1.61M	6,969
Q4 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-819	-10.8%	$2.33M	6,745
Q4 2025	BIL SPDR Bloomberg 1-3 Month T-Bill	SPDR Bloomberg 1-3 Month T-Bill	Buy - Position Entry	+2,210	-	$201.92K	2,210
Q4 2025	BINC iShares Flexible Income Active	iShares Flexible Income Active	Buy	+24,384	+32.7%	$5.23M	99,023
Q4 2025	BKLN Invesco Senior Loan ETF	Invesco Senior Loan ETF	Sell	-418	-0.2%	$3.86M	183,781
Q4 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+58	+3.1%	$984.69K	1,959
Q4 2025	BTG B2Gold Corp	B2Gold Corp	Buy	+97	+0.4%	$100.14K	22,203
Q4 2025	BX Blackstone Inc.	Blackstone Inc.	Buy	+10	+0.1%	$1.76M	11,405
Q4 2025	CI The Cigna Group	The Cigna Group	Buy	+45	+3.3%	$384.50K	1,397
Q4 2025	CVS CVS Health Corporation	CVS Health Corporation	Buy	+190	+5.0%	$315.82K	3,980
Q4 2025	CVX Chevron Corporation	Chevron Corporation	Buy	+188	+1.0%	$2.96M	19,447
Q4 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-225	-10.2%	$227.09K	1,983
Q4 2025	DSL DoubleLine Income Solutions Fun	DoubleLine Income Solutions Fun	Sell	-4,155	-3.2%	$1.42M	125,946
Q4 2025	DSU Blackrock Debt Strategies Fund,	Blackrock Debt Strategies Fund,	Sell	-11,000	-52.4%	$101.80K	10,000
Q4 2025	EFA iShares MSCI EAFE ETF	iShares MSCI EAFE ETF	Buy	+150	+0.5%	$2.77M	28,886
Q4 2025	EFG iShares MSCI EAFE Growth ETF	iShares MSCI EAFE Growth ETF	Buy	+50	+2.4%	$244.24K	2,144
Q4 2025	EMLP First Trust North American Ener	First Trust North American Ener	Buy	+232	+1.8%	$503.22K	13,288
Q4 2025	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Buy	+338	+2.4%	$468.15K	14,602
Q4 2025	ET Energy Transfer LP	Energy Transfer LP	Buy	+20,000	+99.8%	$660.31K	40,043
Q4 2025	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy - Position Entry	+132	-	$223.16K	132
Q4 2025	GBTC Grayscale Bitcoin Trust (BTC)	Grayscale Bitcoin Trust (BTC)	Sell - Position Exit	-11,575	-100.0%	$0.00	-
Q4 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+148	+5.6%	$882.81K	2,813
Q4 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+5	+0.3%	$603.59K	1,928
Q4 2025	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Buy	+430	+83.5%	$441.18K	945
Q4 2025	HQH Tekla Healthcare Investors	Tekla Healthcare Investors	Sell	-33,656	-70.9%	$261.37K	13,800
Q4 2025	IBIT iShares Bitcoin Trust ETF	iShares Bitcoin Trust ETF	Buy	+14,653	+27.4%	$3.38M	68,173
Q4 2025	IEFA iShares Core MSCI EAFE ETF	iShares Core MSCI EAFE ETF	Buy	+8,658	+5.5%	$14.82M	165,696
Q4 2025	IGM iShares Expanded Tech Sector ET	iShares Expanded Tech Sector ET	Sell	-50	-25.0%	$19.37K	150

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