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LHM, Inc.

CIK:0002009224
Family Office
$4B AUM
21 holdings
Sandy, UT, US
Founded:1979
1,000 employees
Latest filing:Jun 30, 2025

LHM, INC. (Larry H. Miller Company) is a privately-owned family investment firm headquartered in Sandy, Utah, United States. Founded by Larry H. and Gail Miller, the firm manages a diverse portfolio with primary interests in real estate, healthcare, finance, entertainment, sports, and philanthropic endeavors. The company operates mainly across the western US, serving communities and businesses with a long-term, stewardship-driven approach. The firm is led by Gail Miller and includes several associated foundations supporting charitable, educational, and humanitarian causes. Employee count is not publicly disclosed but likely ranges from several hundred to thousands given the breadth of operations.

Investment Strategy

The Larry H. Miller Company employs a long-term stewardship and relationship-driven investment approach, focusing on sustainable value creation across real estate, healthcare, finance, entertainment, and sports. The company is dedicated to personal and community growth, philanthropic giving, and business platforms that enrich lives. Investment philosophy is guided by values of integrity, hard work, stewardship, and service, prioritizing both financial returns and positive community impact. Their portfolio encompasses direct investments and operating companies, with an emphasis on building scale and fostering innovation in each sector.

Latest 13F Filing Activity

LHM, Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 21 equity positions with a total 13F market value of $302M. The fund increased holdings in PIMCO Etf TR, Universal Display Corp., Vanguard Index FDS among other positions. LHM, Inc. reduced exposure to Blackrock Etf Trust II, Micron Technology Inc., Simplify Exchange Traded Fun among others.

Top Buys
P
PYLDPIMCO ETF TR
+$13.0M
O
OLEDUNIVERSAL DISPLAY CORP
+$8.6M
V
VTIVANGUARD INDEX FDS
+$8.3M
M
MRVLMARVELL TECHNOLOGY INC
+$7.5M
C
COHRCOHERENT CORP
+$4.5M
Top Sells
B
BINCBLACKROCK ETF TRUST II
-$34.5M
M
MUMICRON TECHNOLOGY INC
-$7.9M
M
MTBASIMPLIFY EXCHANGE TRADED FUN
-$7.6M
C
CIENCIENA CORP
-$2.6M
S
SNFCASECURITY NATL FINL CORP
-$2.2M

Top Holdings

V
VTIVANGUARD INDEX FDS
+40.5%$122.3M
B
BINCBLACKROCK ETF TRUST II
+9.4%$28.2M
P
PYLDPIMCO ETF TR
+5.3%$15.9M
K
KRNTKORNIT DIGITAL LTD
+4.2%$12.6M
X
XBISPDR SERIES TRUST
+3.9%$11.9M

Equity Positions (21)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VANGUARD INDEX FDS40.52%$122.3M401,138$245.07$303.93+$8.3M
BLACKROCK ETF TRUST II9.36%$28.2M534,508$52.70$52.84-$34.5M
PIMCO ETF TR5.28%$15.9M600,189$26.47$26.54+$13.0M
KORNIT DIGITAL LTD4.18%$12.6M634,075$17.78$19.91+$2.5M
SPDR SERIES TRUST3.93%$11.9M142,966$91.15$82.93+$192.2K

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+7.3%
SERVICES-PREPACKAGED SOFTWARE
+3.5%
ELECTRONIC COMPONENTS & ACCESSORIES
+3.5%
STATE COMMERCIAL BANKS
+3.3%
PRINTING TRADES MACHINERY & EQUIPMENT
+3.1%