Form 13F Lester Murray Antman dba SimplyRich For: 1 May – Image for illustrative purposes only (Image credits: Pixabay)
Carlsbad, California — Institutional investment manager Lester Murray Antman, doing business as SimplyRich, continues to maintain a substantial presence in public markets through its regular disclosures to the Securities and Exchange Commission. The firm’s most recent Form 13F filing, submitted in January 2026 for the quarter ended December 31, 2025, offered a window into a portfolio valued at $382 million across 199 positions.[1][2] This update arrives amid ongoing market volatility, providing investors with insights into the strategies of a firm managing assets for 74 clients.[3]
A Steady Hand in Carlsbad
SimplyRich operates from Carlsbad, California, where Lester Murray Antman oversees discretionary assets for a select group of clients. The firm qualifies as a large advisory operation under SEC definitions, given its scale and filing obligations.[3] Form 13F reports, required for managers with over $100 million in qualifying assets, detail equity holdings in publicly traded U.S. companies and serve as a key resource for tracking institutional moves.
Antman’s approach emphasizes broad diversification, as evidenced by the hundreds of stocks in the portfolio. This structure reduces single-stock risk while capturing growth across sectors. The filing reflected a portfolio turnover of just 2 percent in the latest quarter, signaling a buy-and-hold philosophy rather than frequent trading.[1]
Portfolio Snapshot: Scale and Spread
The $382 million valuation marked a snapshot of SimplyRich’s positions at year-end 2025, with holdings spanning technology, finance, healthcare, and consumer sectors. Nearly 200 individual stocks populated the roster, underscoring the firm’s commitment to spreading bets widely.[4] This number of positions places SimplyRich among managers favoring extensive diversification over concentrated wagers.
Assets under management have hovered in the $300 million to $400 million range in recent quarters, with the latest report showing stability despite market fluctuations. Earlier filings, such as one for the September 2025 quarter, pegged the portfolio at around $359 million, indicating measured growth.[5] Investors often scrutinize these disclosures for signals on where “smart money” allocates capital.
Spotlight on Top Positions
Alphabet Inc. emerged as the largest holding in the portfolio, highlighting SimplyRich’s tilt toward established technology leaders.[4] Other blue-chip names rounded out the upper echelons, including stakes in companies like Apple, which accounted for a notable portion of the total.[6]
- Alphabet Inc.: Top position, reflecting confidence in digital advertising and cloud computing.
- Apple Inc.: Comprised about 5.83 percent of the portfolio in recent tracking, a long-term holding spanning multiple quarters.[6]
- Various index funds and ETFs, such as Fidelity Total Market Index Fund, for broad market exposure.[7]
- International plays like Taiwan Semiconductor and Vale S.A., adding geographic diversity.
These leaders represented a significant concentration, with the top 10 likely capturing around 40-50 percent of assets based on historical patterns for similar filers. The rest spread across mid- and small-cap names, balancing growth potential with stability.
Quarterly Adjustments: Buys, Sells, and New Bets
Activity in the fourth quarter of 2025 included trimming positions in high-flyers like Alphabet, where SimplyRich reduced its stake by 3.1 percent, selling over 3,000 shares.[8] Such moves suggest profit-taking amid valuations that reached record levels.
On the buy side, the firm initiated fresh positions, including a $1.63 million stake in Rocket Companies and smaller investments in Vale S.A. worth about $297,000.[9][10] Increases appeared in names like AstraZeneca and Fomento Economico Mexicano, pointing to selective interest in healthcare and emerging markets. Overall turnover remained low at under 2 percent, consistent with a long-term orientation.[1]
What matters now: SimplyRich’s low-turnover, diversified model offers a counterpoint to high-frequency strategies, potentially appealing in uncertain times. Watch for Q1 2026 updates as tech sector dynamics evolve.
Broader Implications for Investors
Filings like SimplyRich’s provide retail and professional investors alike with actionable intelligence. By revealing what managers with skin in the game hold, these documents influence trading decisions and spark follow-on analysis. Antman’s consistent filings since at least 2017 demonstrate transparency and adherence to regulatory standards.[11]
Performance metrics, while not directly disclosed in 13Fs, can be inferred from holding changes and sector weights. SimplyRich’s emphasis on mega-caps has aligned with market leaders, though broader diversification tempers volatility. As markets navigate interest rate shifts and geopolitical tensions into 2026, such portfolios underscore the value of patience over speculation.
In the end, Lester Murray Antman’s steady stewardship reflects a timeless investing principle: diversification endures. Future filings will clarify if this approach adapts to new opportunities or doubles down on proven winners.