DOSSIER · 13F-HR · Q4 2025

Sequent Asset Management, LLC

$225M in tracked AUM across 99 positions as of Q4 2025.

SA
CIK 0001509550 · last filed Dec 31, 2025
Total AUM
$225M
as of Q4 2025
Holdings
99
positions
Whale Score
56
56
tracked
Activity
no data
changes this Q
AI Analysis · Q4 2025

Sequent Asset Management's $225 million register is dominated by ETF sleeves and mutual fund sub-accounts rather than individual stocks, yet the Q4 2025 turnover captures a deliberate pivot: the fund eliminated its Invesco S&P 500 Equal Weight ETF (RSP) entirely — reducing from $23.1 million to effectively zero — and simultaneously rebuilt around concentrated-quality and dividend-quality exposures. The most substantial single-stock move was in SLB (Schlumberger), which roughly doubled in both shares and market value, climbing from $4.3 million to $9.7 million on a 104% share increase — the clearest conviction trade in the file. XLK (Technology Select Sector) also nearly doubled in size, FXAIX and SPYG were added to, and new positions in VTI (Vanguard Total Stock Market), JPMorgan's Quality-Focused ETF (JQUA), and the smaller industrial DNOW were opened. Against that, RSP was eliminated entirely — a striking laddering down of equal-weight conviction — while VIG (Vanguard Dividend Appreciation) was quietly sold, suggesting Sequent is trading breadth-of-exposure ETFs for signal-of-conviction ones.

The standout trade is the doubling of SLB Ltd. The Schlumberger position went from 124,081 shares at year-end Q3 2025 to 253,729 shares by December, jumping in market value from $4.3 million to $9.7 million — a 104% share increase and the largest single-name addition in absolute dollars. SLB is not a household-name tech or healthcare play; it is an energy-services infrastructure name that benefits most directly from the E&P capex cycle, and its doubling here reads like the manager building exposure to a commodity-routed earnings recovery thesis before the broader market had fully repriced it.

XLK received an analogous treatment: Select Sector SPDR Technology fund went from $19.8 million to $20.2 million, but the share count jumped by roughly 70,000 shares — roughly a doubling — because the fund was building the position at lower FXAIX-VOO-weighted prices heading into year-end. The net effect is that XLK now sits at 9.0% of the book, up meaningfully from 9.4% weighted by the rising denominator but consistent with a view that the technology sector is the portfolio's primary source of active return.

Quarter at a glance — Q4 2025

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q4 2025.

#HoldingValueSharesWeight
01
FXAIX
Fidelity Tr 500 Index Ins Prem
$52M219K23.1%
02
XLK
Select Sector SPDR Tr Technolo
$20M140K9.0%
03
SPY
State Street Spdr S&P 500 Etf
$14M20K6.0%
04
SPYG
SPDR S&P 500 Growth
$13M124K5.9%
05
DFSVX
DFA US Small Cap Value
$11M219K5.0%
06
SLB
Slb Limited Com Stk
$10M254K4.3%
07
IWP
iShares Rus Mid Cap Growth ETF
$9M67K4.1%
08
VOO
Vanguard S&P 500 ETF
$8M14K3.8%
09
IWO
iShares Rus 2000 Growth ETF
$8M26K3.7%
10
USMV
iShares Min Vol USA ETF
$6M60K2.5%

Filing history

2025Q4Dec 31
$225M 7.1%
99 positionsView →
2025Q3Sep 30
$210M 68.0%
94 positionsView →
2025Q2Jun 30
$125M 30.3%
65 positionsLocked
2025Q1Mar 31
$180M 11.6%
83 positionsLocked
2024Q4Dec 31
$203M 0.3%
86 positionsLocked
2024Q3Sep 30
$203M 1.9%
92 positionsLocked
2024Q2Jun 30
$199M 5.0%
92 positionsLocked
2024Q1Mar 31
$189M 9.7%
82 positionsLocked
2023Q4Dec 31
$173M 89.2%
83 positionsLocked
2023Q3Sep 30
$91M 1.1%
51 positionsLocked
2023Q2Jun 30
$92M 4.5%
53 positionsLocked
2023Q1Mar 31
$88M 40.6%
59 positionsLocked
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