Applied Capital LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Applied Capital LLC reported 87 stock positions worth $127.3 million. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Alphabet Class C (GOOG, 3.8%) and Caterpillar (CAT, 3.5%). Compared with Q3 2024, it opened 3 new positions, added to 19 and reduced 55. The biggest buy was a new position in MPLX (MPLX) and the biggest sale Lockheed Martin (LMT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- HOLLYWOOD, FL
- CIK
- 0001965393
- Portfolio Value
- $127.3M (Q4 2024)
- SEC Filing
- 0001172661-25-000288 ↗ filed Jan 21, 2025
Holdings Value
Holdings 87 stocks · $127.3M
| MSFT Microsoft Corp. | 4.16% | 12,551 | $5.3M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 3.78% | 25,262 | $4.8M | Reduce -1.1% |
| CAT Caterpillar Inc. | 3.52% | 12,366 | $4.5M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 3.37% | 7,324 | $4.3M | Reduce -0.3% |
| PH Parker Hannifin Corp. | 3.14% | 6,288 | $4.0M | Reduce -0.9% |
| TRV The Travelers Cos Inc. | 3.06% | 16,165 | $3.9M | Reduce -1.6% |
| PAG Penske Automotive Group Inc. | 2.59% | 21,600 | $3.3M | Add +2.0% |
| WSO Watsco Inc. | 2.57% | 6,903 | $3.3M | Reduce -0.4% |
| MA Mastercard Inc. Class A | 2.49% | 6,028 | $3.2M | Reduce -1.0% |
| V Visa Inc. Class A | 2.34% | 9,409 | $3.0M | Reduce -1.0% |
| MCO Moody's Corp. | 2.18% | 5,853 | $2.8M | Reduce -1.3% |
| AXP American Express Co. | 2.15% | 9,211 | $2.7M | Reduce -0.5% |
| PCAR Paccar Inc. | 2.05% | 25,086 | $2.6M | Reduce -0.5% |
| HD Home Depot Inc. | 1.98% | 6,492 | $2.5M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 1.95% | 10,365 | $2.5M | Reduce -0.7% |
| NDAQ Nasdaq Inc. | 1.94% | 31,987 | $2.5M | Reduce -0.5% |
| LMT Lockheed Martin Corp. | 1.84% | 4,830 | $2.3M | Reduce -1.2% |
| CMI Cummins Inc. | 1.79% | 6,525 | $2.3M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 1.79% | 4,493 | $2.3M | Reduce -0.5% |
| WFC Wells Fargo & Co. | 1.74% | 31,600 | $2.2M | Reduce -0.6% |
| ITW Illinois Tool Works | 1.63% | 8,167 | $2.1M | Reduce -0.6% |
| RY Royal Bank of Canada | 1.61% | 17,012 | $2.1M | Reduce -0.7% |
| PM Philip Morris International | 1.60% | 16,907 | $2.0M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 1.56% | 11,846 | $2.0M | Reduce -0.9% |
| EPD Enterprise Products Partners | 1.55% | 62,945 | $2.0M | Add +2.7% |
| JNJ Johnson & Johnson | 1.36% | 11,946 | $1.7M | Reduce -1.8% |
| FITB Fifth Third Bancorp | 1.35% | 40,703 | $1.7M | Reduce -0.5% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.35% | 29,400 | $1.7M | Reduce -0.4% |
| CINF Cincinnati Financial Corp. | 1.32% | 11,727 | $1.7M | Reduce -0.8% |
| USB US Bancorp | 1.16% | 30,916 | $1.5M | Reduce -0.2% |
| GPC Genuine Parts Co. | 1.15% | 12,550 | $1.5M | Add +2.9% |
| MO Altria Group Inc. | 1.15% | 28,012 | $1.5M | Reduce -0.5% |
| FNF Fidelity National Financial | 1.14% | 25,830 | $1.5M | Reduce -0.5% |
| BA The Boeing Co. | 1.13% | 8,140 | $1.4M | Reduce -4.5% |
| ADP Automatic Data Processing | 1.13% | 4,906 | $1.4M | No change |
| TFC Truist Financial Corp. | 1.08% | 31,557 | $1.4M | Reduce -0.4% |
| ENB Enbridge Inc. | 1.06% | 31,927 | $1.4M | Add +1.0% |
| CME Cme Group Inc. | 1.06% | 5,782 | $1.3M | Reduce -0.6% |
| FERG Ferguson Enterprises Inc. | 1.05% | 7,712 | $1.3M | Reduce -0.0% |
| DE Deere & Co. | 1.02% | 3,078 | $1.3M | Reduce -0.7% |
| TD Toronto-Dominion Bank | 1.00% | 23,961 | $1.3M | Reduce -0.4% |
| AGM Federal Agric MTG Corp. Class C | 1.00% | 6,451 | $1.3M | Reduce -0.7% |
| APD Air Products & Chemicals Inc. | 0.98% | 4,315 | $1.3M | Reduce -0.7% |
| CNH CNH Industrial NV | 0.96% | 107,293 | $1.2M | Reduce -0.7% |
| CB Chubb Ltd. | 0.95% | 4,379 | $1.2M | Reduce -0.7% |
| GD General Dynamics Corp. | 0.94% | 4,523 | $1.2M | Reduce -0.8% |
| MMM 3M Co. | 0.93% | 9,158 | $1.2M | Reduce -0.7% |
| O Realty Income Corp. | 0.91% | 21,676 | $1.2M | Add +1.1% |
| CCI Crown Castle Inc. | 0.87% | 12,214 | $1.1M | Add +10.4% |
| UPS United Parcel Service Class B | 0.87% | 8,734 | $1.1M | Reduce -0.8% |
| RTX RTX Corp. | 0.81% | 8,937 | $1.0M | No change |
| AOS Smith (a.o.) Corp. | 0.79% | 14,714 | $1.0M | Reduce -0.9% |
| ORI Old Republic Intl Corp. | 0.77% | 27,215 | $985K | Add +0.5% |
| LHX L3HARRIS Technologies Inc. | 0.75% | 4,559 | $959K | Reduce -1.2% |
| CRH CRH PLC | 0.72% | 9,885 | $915K | Add +0.1% |
| YUMC Yum China Holdings Inc. | 0.69% | 18,130 | $873K | Add +4.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.68% | 820 | $864K | No change |
| BTI British American Tob-SP ADR | 0.66% | 23,027 | $836K | Add +0.3% |
| ADC Agree Realty Corp. | 0.62% | 11,213 | $790K | Add +0.1% |
| SWK Stanley Black & Decker Inc. | 0.61% | 9,715 | $780K | Add +0.2% |
| PPG PPG Industries Inc. | 0.61% | 6,447 | $770K | Reduce -0.2% |
| CPRT Copart Inc. | 0.55% | 12,225 | $702K | Reduce -2.2% |
| BABA Alibaba Group Holding-SP ADR | 0.45% | 6,785 | $575K | Add +2.3% |
| SPGI S&P Global Inc. | 0.40% | 1,032 | $514K | No change |
| ICE Intercontinental Exchange Inc. | 0.40% | 3,417 | $509K | Reduce -0.6% |
| MDT Medtronic PLC | 0.37% | 5,915 | $472K | Reduce -4.1% |
| AMT American Tower Corp. | 0.34% | 2,392 | $439K | Add +27.9% |
| MPLX MPLX LP | 0.33% | 8,725 | $418K | New |
| HON Honeywell International Inc. | 0.32% | 1,785 | $403K | No change |
| PYPL PayPal Holdings Inc. | 0.31% | 4,630 | $395K | No change |
| INTC Intel Corp. | 0.31% | 19,612 | $393K | Reduce -1.3% |
| ALL Allstate Corp. | 0.26% | 1,701 | $328K | No change |
| C Citigroup Inc. | 0.24% | 4,304 | $303K | No change |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.24% | 5,616 | $302K | No change |
| CNI Canadian Natl Railway Co. | 0.23% | 2,918 | $296K | Reduce -1.4% |
| WBA Walgreens Boots Alliance Inc. | 0.23% | 31,356 | $293K | Add +1.8% |
| WPC WP Carey Inc. | 0.22% | 5,228 | $285K | Add +24.7% |
| ADBE Adobe Inc. | 0.22% | 637 | $283K | Reduce -3.2% |
| MUSA Murphy USA Inc. | 0.21% | 526 | $264K | Add +8.4% |
| CASY Casey's General Stores Inc. | 0.20% | 631 | $250K | Add +12.5% |
| LEG Leggett & Platt Inc. | 0.19% | 25,821 | $248K | Reduce -0.6% |
| COF Capital One Financial Corp. | 0.19% | 1,329 | $237K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 5,059 | $222K | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.17% | 1,175 | $221K | Reduce -2.1% |
| SYY Sysco Corp. | 0.16% | 2,698 | $206K | Reduce -1.8% |
| SYK Stryker Corp. | 0.16% | 560 | $202K | No change |
| FLG Flagstar Bank NA | 0.10% | 13,531 | $126K | Add +0.5% |
Options reported separately and not counted above: SPY calls ($1.8M).
Portfolio Sells Q3 2024 → Q4 2024
| LMT Lockheed Martin Corp. | Reduce -1.2% | 1.84% | −0.38 |
| CAT Caterpillar Inc. | Reduce -0.8% | 3.52% | −0.27 |
| UNH Unitedhealth Group Inc. | Reduce -0.5% | 1.79% | −0.27 |
| AOS Smith (a.o.) Corp. | Reduce -0.9% | 0.79% | −0.25 |
| TD Toronto-Dominion Bank | Reduce -0.4% | 1.00% | −0.18 |
| JNJ Johnson & Johnson | Reduce -1.8% | 1.36% | −0.18 |
| FERG Ferguson Enterprises Inc. | Reduce -0.0% | 1.05% | −0.14 |
| GD General Dynamics Corp. | Reduce -0.8% | 0.94% | −0.14 |
| FNF Fidelity National Financial | Reduce -0.5% | 1.14% | −0.12 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.2% | 0.75% | −0.10 |
| HD Home Depot Inc. | Reduce -1.6% | 1.98% | −0.10 |
| WSO Watsco Inc. | Reduce -0.4% | 2.57% | −0.09 |
| LEG Leggett & Platt Inc. | Reduce -0.6% | 0.19% | −0.08 |
| MSFT Microsoft Corp. | Reduce -0.6% | 4.16% | −0.08 |
| UPS United Parcel Service Class B | Reduce -0.8% | 0.87% | −0.07 |
| PPG PPG Industries Inc. | Reduce -0.2% | 0.61% | −0.06 |
| MDT Medtronic PLC | Reduce -4.1% | 0.37% | −0.06 |
| RY Royal Bank of Canada | Reduce -0.7% | 1.61% | −0.05 |
| INTC Intel Corp. | Reduce -1.3% | 0.31% | −0.05 |
| MMM 3M Co. | Reduce -0.7% | 0.93% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -0.9% | 1.56% | −0.05 |
| ITW Illinois Tool Works | Reduce -0.6% | 1.63% | −0.05 |
| ADBE Adobe Inc. | Reduce -3.2% | 0.22% | −0.04 |
| CB Chubb Ltd. | Reduce -0.7% | 0.95% | −0.04 |
| CNI Canadian Natl Railway Co. | Reduce -1.4% | 0.23% | −0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -0.6% | 0.40% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -0.7% | 0.98% | −0.02 |
| MCO Moody's Corp. | Reduce -1.3% | 2.18% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -0.5% | 1.35% | −0.01 |
| SYY Sysco Corp. | Reduce -1.8% | 0.16% | −0.01 |
| PM Philip Morris International | Reduce -0.2% | 1.60% | −0.00 |
| MTB M & T Bank Corp. | Reduce -2.1% | 0.17% | +0.01 |
| DE Deere & Co. | Reduce -0.7% | 1.02% | +0.02 |
| PH Parker Hannifin Corp. | Reduce -0.9% | 3.14% | +0.02 |
| TFC Truist Financial Corp. | Reduce -0.4% | 1.08% | +0.02 |
| CNH CNH Industrial NV | Reduce -0.7% | 0.96% | +0.02 |
| MO Altria Group Inc. | Reduce -0.5% | 1.15% | +0.03 |
| CPRT Copart Inc. | Reduce -2.2% | 0.55% | +0.04 |
| WRB WR Berkley Corp. | Reduce -0.4% | 1.35% | +0.05 |
| AGM Federal Agric MTG Corp. Class C | Reduce -0.7% | 1.00% | +0.05 |
| CME Cme Group Inc. | Reduce -0.6% | 1.06% | +0.06 |
| USB US Bancorp | Reduce -0.2% | 1.16% | +0.06 |
| TRV The Travelers Cos Inc. | Reduce -1.6% | 3.06% | +0.06 |
| CINF Cincinnati Financial Corp. | Reduce -0.8% | 1.32% | +0.07 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 3.37% | +0.09 |
| PCAR Paccar Inc. | Reduce -0.5% | 2.05% | +0.11 |
| NDAQ Nasdaq Inc. | Reduce -0.5% | 1.94% | +0.11 |
| BA The Boeing Co. | Reduce -4.5% | 1.13% | +0.12 |
| CMI Cummins Inc. | Reduce -0.8% | 1.79% | +0.13 |
| MA Mastercard Inc. Class A | Reduce -1.0% | 2.49% | +0.15 |
Portfolio Buys Q3 2024 → Q4 2024
| MPLX MPLX LP | New | 0.33% | +0.33 |
| COF Capital One Financial Corp. | New | 0.19% | +0.19 |
| BAC Bank of America Corp. | New | 0.17% | +0.17 |
| EPD Enterprise Products Partners | Add +2.7% | 1.55% | +0.16 |
| YUMC Yum China Holdings Inc. | Add +4.8% | 0.69% | +0.08 |
| ENB Enbridge Inc. | Add +1.0% | 1.06% | +0.06 |
| CASY Casey's General Stores Inc. | Add +12.5% | 0.20% | +0.03 |
| ORI Old Republic Intl Corp. | Add +0.5% | 0.77% | +0.03 |
| MUSA Murphy USA Inc. | Add +8.4% | 0.21% | +0.02 |
| WPC WP Carey Inc. | Add +24.7% | 0.22% | +0.02 |
| WBA Walgreens Boots Alliance Inc. | Add +1.8% | 0.23% | +0.01 |
| AMT American Tower Corp. | Add +27.9% | 0.34% | +0.01 |
| CRH CRH PLC | Add +0.1% | 0.72% | +0.01 |
| BTI British American Tob-SP ADR | Add +0.3% | 0.66% | +0.00 |
| FLG Flagstar Bank NA | Add +0.5% | 0.10% | −0.02 |
| ADC Agree Realty Corp. | Add +0.1% | 0.62% | −0.04 |
| PAG Penske Automotive Group Inc. | Add +2.0% | 2.59% | −0.09 |
| BABA Alibaba Group Holding-SP ADR | Add +2.3% | 0.45% | −0.10 |
| O Realty Income Corp. | Add +1.1% | 0.91% | −0.15 |
| CCI Crown Castle Inc. | Add +10.4% | 0.87% | −0.15 |
| GPC Genuine Parts Co. | Add +2.9% | 1.15% | −0.18 |
| SWK Stanley Black & Decker Inc. | Add +0.2% | 0.61% | −0.22 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 3,000 | $1.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 92 | $149.7M | GOOG, MSFT, TRV, PAG, META |
| Q1 2026 | 91 | $137.5M | GOOG, MSFT, META, TRV, PAG |
| Q4 2025 | 90 | $146.0M | GOOG, MSFT, META, TRV, PAG |
| Q3 2025 | 84 | $139.9M | MSFT, GOOG, CAT, META, PH |
| Q2 2025 | 83 | $134.3M | MSFT, META, CAT, GOOG, PH |
| Q1 2025 | 85 | $124.4M | MSFT, META, TRV, GOOG, CAT |
| Q4 2024 | 87 | $127.3M | MSFT, GOOG, CAT, META, PH |
| Q3 2024 | 84 | $128.3M | MSFT, CAT, GOOG, META, PH |
| Q2 2024 | 78 | $114.5M | MSFT, GOOG, CAT, META, TRV |
| Q1 2024 | 83 | $122.8M | MSFT, CAT, MTB, GOOG, TRV |