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Telos Capital Management, Inc.

CIK:0001567889
Asset Manager
$982M AUM
196 holdings
San Diego, CA, US
Founded:2012
8 employees
telosinc.com
Latest filing:Jun 30, 2025

Telos Capital Management, Inc. is a San Diego-based asset management firm registered with the SEC, serving institutional and high-net-worth clients. The firm manages close to $1 billion in equity assets and reports quarterly holdings per SEC requirements. Employee count is estimated to be in the single digits, with professionals focusing on portfolio management and client servicing. Telos has a longstanding presence in the California investment community and operates out of its La Jolla Village office.

Investment Strategy

Telos Capital Management uses a disciplined, research-driven approach to portfolio management, focusing primarily on US and international equities. The firm holds diverse positions in large-cap technology, financial, and industrial stocks such as Apple (AAPL), Vanguard Total Stock Market (VTI), Qualcomm (QCOM), and Vanguard FTSE All-World ex-US (VEU). Their strategy emphasizes asset allocation, risk management, and customization for client-specific objectives.

Latest 13F Filing Activity

Telos Capital Management, Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 195 equity positions with a total 13F market value of $982M. The fund increased holdings in Carrier Global Corporation, Vanguard Index FDS, Palo Alto Networks Inc. among other positions. Telos Capital Management, Inc. reduced exposure to Unitedhealth Group Inc., Zoetis Inc., Apple Inc. among others.

Top Buys
C
CARRCARRIER GLOBAL CORPORATION
+$5.6M
V
VTIVANGUARD INDEX FDS
+$5.5M
P
PANWPALO ALTO NETWORKS INC
+$5.2M
O
ORCLORACLE CORP
+$4.2M
M
MSFTMICROSOFT CORP
+$3.5M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$7.7M
Z
ZTSZOETIS INC
-$5.2M
A
AAPLAPPLE INC
-$3.4M
P
PEPPEPSICO INC
-$2.1M
P
PGPROCTER AND GAMBLE CO
-$1.4M

Top Holdings

A
AAPLAPPLE INC
+4.8%$47.1M
V
VTIVANGUARD INDEX FDS
+4.1%$39.9M
Q
QCOMQUALCOMM INC
+3.1%$30.5M
V
VEUVANGUARD INTL EQUITY INDEX F
+2.3%$22.8M
H
HDHOME DEPOT INC
+2.2%$21.1M

Equity Positions (195)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
A
AAPL
APPLE INC4.80%$47.1M229,806$47.15$205.17-$3.4M
V
VTI
VANGUARD INDEX FDS4.06%$39.9M131,309$144.12$303.93+$5.5M
Q
QCOM
QUALCOMM INC3.10%$30.5M191,248$74.57$159.26+$470.4K
V
VEU
VANGUARD INTL EQUITY INDEX F2.32%$22.8M338,827$51.77$67.22+$3.2M
H
HD
HOME DEPOT INC2.15%$21.1M57,609$297.23$366.64-$17.9K

Industry Allocation

SERVICES-BUSINESS SERVICES, NEC
+5.1%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+5.0%
ELECTRONIC COMPUTERS
+4.8%
PHARMACEUTICAL PREPARATIONS
+4.0%
SERVICES-PREPACKAGED SOFTWARE
+4.0%

Investment Team (5)

NameRoleLocationLinkedIn
A
Andy Weld		Portfolio ManagerSan Diego, CA , United States
B
Bruce Sherman		Senior Vice President, Portfolio ManagementLa Mesa, CA , United States
Jeremy Chaffin
Jeremy Chaffin		Senior Vice President, Financial AdvisorVentura, CA , United States
Jonathan Fairchild
Jonathan Fairchild		Executive Vice President, Director of Financial Consulting and Business Development, PrincipalSolana Beach, CA , United States
Warren Binstock
Warren Binstock		Vice President, Financial Advisor, Retirement PlannerSan Diego, CA , United States