Applied Capital LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Applied Capital LLC reported 83 stock positions worth $134.3 million. Its top holding was Microsoft (MSFT) at 4.6% of the portfolio, followed by Meta Platforms Class A (META, 4.1%) and Caterpillar (CAT, 3.4%). Compared with Q1 2025, it opened 3 new positions, sold out of 5, added to 37 and reduced 28. The biggest buy was a new position in Ferguson Enterprises (FERG) and the biggest sale an exit from Yum China (YUMC).
- Most Recent 13F
- Q2 2026
- Location
- HOLLYWOOD, FL
- CIK
- 0001965393
- Portfolio Value
- $134.3M (Q2 2025)
- SEC Filing
- 0001172661-25-002713 ↗ filed Jul 24, 2025
Holdings Value
Holdings 83 stocks · $134.3M
| MSFT Microsoft Corp. | 4.63% | 12,516 | $6.2M | Add +0.1% |
| META Meta Platforms Inc. Class A | 4.11% | 7,483 | $5.5M | Add +0.8% |
| CAT Caterpillar Inc. | 3.44% | 11,905 | $4.6M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 3.37% | 25,527 | $4.5M | Add +0.9% |
| PH Parker Hannifin Corp. | 3.23% | 6,210 | $4.3M | Reduce -0.7% |
| TRV The Travelers Cos Inc. | 3.21% | 16,096 | $4.3M | Reduce -0.0% |
| PAG Penske Automotive Group Inc. | 3.10% | 24,245 | $4.2M | Add +2.1% |
| MA Mastercard Inc. Class A | 2.53% | 6,037 | $3.4M | Add +0.1% |
| V Visa Inc. Class A | 2.49% | 9,434 | $3.3M | Add +0.2% |
| PM Philip Morris International | 2.40% | 17,690 | $3.2M | Add +0.1% |
| WSO Watsco Inc. | 2.29% | 6,957 | $3.1M | Add +0.9% |
| JPM JPMorgan Chase & Co. | 2.23% | 10,321 | $3.0M | Add +0.1% |
| AXP American Express Co. | 2.18% | 9,184 | $2.9M | Add +0.1% |
| MCO Moody's Corp. | 2.17% | 5,807 | $2.9M | Reduce -0.1% |
| NDAQ Nasdaq Inc. | 2.11% | 31,717 | $2.8M | Reduce -0.0% |
| WFC Wells Fargo & Co. | 1.88% | 31,455 | $2.5M | Add +0.1% |
| PCAR Paccar Inc. | 1.80% | 25,406 | $2.4M | Add +0.8% |
| RY Royal Bank of Canada | 1.65% | 16,829 | $2.2M | Reduce -0.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.61% | 29,397 | $2.2M | Add +0.0% |
| CMI Cummins Inc. | 1.59% | 6,503 | $2.1M | Reduce -0.0% |
| EPD Enterprise Products Partners | 1.53% | 66,353 | $2.1M | Add +2.8% |
| ITW Illinois Tool Works | 1.50% | 8,139 | $2.0M | Reduce -0.0% |
| PG The Procter & Gamble Co. | 1.39% | 11,726 | $1.9M | Reduce -0.5% |
| JNJ Johnson & Johnson | 1.34% | 11,787 | $1.8M | No change |
| FERG Ferguson Enterprises Inc. | 1.30% | 8,033 | $1.7M | New |
| TD Toronto-Dominion Bank | 1.30% | 23,760 | $1.7M | Reduce -0.4% |
| CINF Cincinnati Financial Corp. | 1.29% | 11,657 | $1.7M | Reduce -0.0% |
| BA The Boeing Co. | 1.26% | 8,103 | $1.7M | Add +0.0% |
| FITB Fifth Third Bancorp | 1.24% | 40,468 | $1.7M | Reduce -0.0% |
| CME Cme Group Inc. | 1.23% | 5,992 | $1.7M | Add +0.8% |
| MO Altria Group Inc. | 1.20% | 27,493 | $1.6M | Reduce -1.6% |
| GPC Genuine Parts Co. | 1.17% | 12,984 | $1.6M | Add +0.6% |
| CCI Crown Castle Inc. | 1.16% | 15,129 | $1.6M | Reduce -0.0% |
| UNH Unitedhealth Group Inc. | 1.14% | 4,928 | $1.5M | Add +9.8% |
| ADP Automatic Data Processing | 1.12% | 4,878 | $1.5M | Reduce -0.1% |
| ENB Enbridge Inc. | 1.09% | 32,437 | $1.5M | Add +0.2% |
| FNF Fidelity National Financial | 1.08% | 25,849 | $1.4M | Add +0.5% |
| ORI Old Republic Intl Corp. | 1.04% | 36,344 | $1.4M | Add +9.1% |
| USB US Bancorp | 1.04% | 30,757 | $1.4M | Reduce -0.2% |
| MMM 3M Co. | 1.03% | 9,100 | $1.4M | No change |
| CNH CNH Industrial NV | 1.02% | 105,547 | $1.4M | Reduce -0.9% |
| TFC Truist Financial Corp. | 1.00% | 31,361 | $1.3M | Reduce -0.5% |
| GD General Dynamics Corp. | 0.97% | 4,470 | $1.3M | Reduce -0.5% |
| FIX Comfort Systems USA Inc. | 0.97% | 2,431 | $1.3M | New |
| RTX RTX Corp. | 0.97% | 8,920 | $1.3M | Add +0.0% |
| O Realty Income Corp. | 0.94% | 22,016 | $1.3M | Add +0.3% |
| AGM Federal Agric MTG Corp. Class C | 0.94% | 6,488 | $1.3M | Add +0.4% |
| CB Chubb Ltd. | 0.93% | 4,329 | $1.3M | No change |
| APD Air Products & Chemicals Inc. | 0.90% | 4,298 | $1.2M | Reduce -0.1% |
| LHX L3HARRIS Technologies Inc. | 0.84% | 4,488 | $1.1M | No change |
| BTI British American Tob-SP ADR | 0.82% | 23,275 | $1.1M | Reduce -0.0% |
| MPLX MPLX LP | 0.81% | 21,150 | $1.1M | Add +20.4% |
| AMT American Tower Corp. | 0.78% | 4,761 | $1.1M | Add +2.9% |
| AOS Smith (a.o.) Corp. | 0.71% | 14,509 | $951K | Reduce -0.6% |
| CRH CRH PLC | 0.71% | 10,337 | $949K | Add +1.6% |
| UPS United Parcel Service Class B | 0.65% | 8,644 | $873K | Reduce -0.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.64% | 820 | $853K | No change |
| ADC Agree Realty Corp. | 0.61% | 11,147 | $814K | Reduce -0.1% |
| ADM Archer-Daniels-Midland Co. | 0.59% | 14,892 | $786K | Add +10.3% |
| PPG PPG Industries Inc. | 0.54% | 6,361 | $724K | Reduce -0.1% |
| ADBE Adobe Inc. | 0.52% | 1,812 | $701K | Add +186.7% |
| SWK Stanley Black & Decker Inc. | 0.49% | 9,685 | $656K | Add +0.2% |
| WPC WP Carey Inc. | 0.48% | 10,428 | $650K | Add +9.4% |
| ICE Intercontinental Exchange Inc. | 0.46% | 3,337 | $612K | No change |
| CPRT Copart Inc. | 0.45% | 12,276 | $602K | Add +0.8% |
| AFG American Financial Group Inc. | 0.42% | 4,499 | $568K | Add +25.0% |
| SPGI S&P Global Inc. | 0.40% | 1,017 | $536K | No change |
| MDT Medtronic PLC | 0.38% | 5,795 | $505K | No change |
| KMI Kinder Morgan Inc. | 0.33% | 14,954 | $440K | Add +17.2% |
| INTC Intel Corp. | 0.32% | 19,432 | $435K | Add +0.2% |
| CVX Chevron Corp. | 0.27% | 2,555 | $366K | New |
| WBA Walgreens Boots Alliance Inc. | 0.27% | 31,706 | $364K | No change |
| C Citigroup Inc. | 0.27% | 4,234 | $360K | Reduce -0.5% |
| PLD Prologis Inc. | 0.26% | 3,272 | $344K | Add +9.4% |
| PYPL PayPal Holdings Inc. | 0.25% | 4,600 | $342K | No change |
| CASY Casey's General Stores Inc. | 0.25% | 659 | $336K | No change |
| ALL Allstate Corp. | 0.24% | 1,621 | $326K | Reduce -4.7% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.23% | 5,616 | $310K | No change |
| CNI Canadian Natl Railway Co. | 0.23% | 2,938 | $306K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 5,109 | $242K | Add +1.0% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.17% | 1,175 | $228K | No change |
| MUSA Murphy USA Inc. | 0.17% | 557 | $227K | No change |
| LEG Leggett & Platt Inc. | 0.16% | 24,721 | $221K | Reduce -2.8% |
Options reported separately and not counted above: SPY calls ($3.4M).
Portfolio Sells Q1 2025 → Q2 2025
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.77 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.77 |
| PG The Procter & Gamble Co. | Reduce -0.5% | 1.39% | −0.22 |
| TRV The Travelers Cos Inc. | Reduce -0.0% | 3.21% | −0.22 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.16 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.16 |
| MO Altria Group Inc. | Reduce -1.6% | 1.20% | −0.15 |
| FLG Flagstar Bank NA | Sold out | 0.00% | −0.13 |
| ITW Illinois Tool Works | Reduce -0.0% | 1.50% | −0.12 |
| UPS United Parcel Service Class B | Reduce -0.8% | 0.65% | −0.12 |
| APD Air Products & Chemicals Inc. | Reduce -0.1% | 0.90% | −0.12 |
| CCI Crown Castle Inc. | Reduce -0.0% | 1.16% | −0.11 |
| CINF Cincinnati Financial Corp. | Reduce -0.0% | 1.29% | −0.09 |
| ADC Agree Realty Corp. | Reduce -0.1% | 0.61% | −0.09 |
| ADP Automatic Data Processing | Reduce -0.1% | 1.12% | −0.08 |
| AOS Smith (a.o.) Corp. | Reduce -0.6% | 0.71% | −0.06 |
| CMI Cummins Inc. | Reduce -0.0% | 1.59% | −0.05 |
| ALL Allstate Corp. | Reduce -4.7% | 0.24% | −0.04 |
| TFC Truist Financial Corp. | Reduce -0.5% | 1.00% | −0.04 |
| FITB Fifth Third Bancorp | Reduce -0.0% | 1.24% | −0.04 |
| CNH CNH Industrial NV | Reduce -0.9% | 1.02% | −0.03 |
| PPG PPG Industries Inc. | Reduce -0.1% | 0.54% | −0.02 |
| GD General Dynamics Corp. | Reduce -0.5% | 0.97% | −0.01 |
| USB US Bancorp | Reduce -0.2% | 1.04% | −0.01 |
| MCO Moody's Corp. | Reduce -0.1% | 2.17% | −0.01 |
| LEG Leggett & Platt Inc. | Reduce -2.8% | 0.16% | +0.00 |
| C Citigroup Inc. | Reduce -0.5% | 0.27% | +0.03 |
| BTI British American Tob-SP ADR | Reduce -0.0% | 0.82% | +0.05 |
| RY Royal Bank of Canada | Reduce -0.6% | 1.65% | +0.11 |
| TD Toronto-Dominion Bank | Reduce -0.4% | 1.30% | +0.15 |
| PH Parker Hannifin Corp. | Reduce -0.7% | 3.23% | +0.17 |
| NDAQ Nasdaq Inc. | Reduce -0.0% | 2.11% | +0.18 |
| CAT Caterpillar Inc. | Reduce -0.2% | 3.44% | +0.28 |
Portfolio Buys Q1 2025 → Q2 2025
| FERG Ferguson Enterprises Inc. | New | 1.30% | +1.30 |
| FIX Comfort Systems USA Inc. | New | 0.97% | +0.97 |
| MSFT Microsoft Corp. | Add +0.1% | 4.63% | +0.86 |
| META Meta Platforms Inc. Class A | Add +0.8% | 4.11% | +0.67 |
| PAG Penske Automotive Group Inc. | Add +2.1% | 3.10% | +0.35 |
| ADBE Adobe Inc. | Add +186.7% | 0.52% | +0.33 |
| CVX Chevron Corp. | New | 0.27% | +0.27 |
| AXP American Express Co. | Add +0.1% | 2.18% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +0.9% | 3.37% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +0.1% | 2.23% | +0.19 |
| BA The Boeing Co. | Add +0.0% | 1.26% | +0.15 |
| PM Philip Morris International | Add +0.1% | 2.40% | +0.14 |
| ADM Archer-Daniels-Midland Co. | Add +10.3% | 0.59% | +0.06 |
| WFC Wells Fargo & Co. | Add +0.1% | 1.88% | +0.06 |
| MPLX MPLX LP | Add +20.4% | 0.81% | +0.06 |
| AFG American Financial Group Inc. | Add +25.0% | 0.42% | +0.04 |
| KMI Kinder Morgan Inc. | Add +17.2% | 0.33% | +0.03 |
| RTX RTX Corp. | Add +0.0% | 0.97% | +0.02 |
| BAC Bank of America Corp. | Add +1.0% | 0.18% | +0.01 |
| WPC WP Carey Inc. | Add +9.4% | 0.48% | +0.00 |
| ORI Old Republic Intl Corp. | Add +9.1% | 1.04% | −0.01 |
| PLD Prologis Inc. | Add +9.4% | 0.26% | −0.01 |
| CRH CRH PLC | Add +1.6% | 0.71% | −0.01 |
| AMT American Tower Corp. | Add +2.9% | 0.78% | −0.03 |
| INTC Intel Corp. | Add +0.2% | 0.32% | −0.03 |
| AGM Federal Agric MTG Corp. Class C | Add +0.4% | 0.94% | −0.04 |
| CME Cme Group Inc. | Add +0.8% | 1.23% | −0.04 |
| ENB Enbridge Inc. | Add +0.2% | 1.09% | −0.06 |
| GPC Genuine Parts Co. | Add +0.6% | 1.17% | −0.06 |
| WRB WR Berkley Corp. | Add +0.0% | 1.61% | −0.07 |
| O Realty Income Corp. | Add +0.3% | 0.94% | −0.08 |
| CPRT Copart Inc. | Add +0.8% | 0.45% | −0.11 |
| SWK Stanley Black & Decker Inc. | Add +0.2% | 0.49% | −0.11 |
| MA Mastercard Inc. Class A | Add +0.1% | 2.53% | −0.13 |
| V Visa Inc. Class A | Add +0.2% | 2.49% | −0.16 |
| PCAR Paccar Inc. | Add +0.8% | 1.80% | −0.17 |
| EPD Enterprise Products Partners | Add +2.8% | 1.53% | −0.24 |
| FNF Fidelity National Financial | Add +0.5% | 1.08% | −0.27 |
| WSO Watsco Inc. | Add +0.9% | 2.29% | −0.53 |
| UNH Unitedhealth Group Inc. | Add +9.8% | 1.14% | −0.75 |
Options Activity Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +10.0% | 5,500 | $3.4M |
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 |