Applied Capital LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Applied Capital LLC reported 84 stock positions worth $139.9 million. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Alphabet Class C (GOOG, 4.4%) and Caterpillar (CAT, 4.0%). Compared with Q2 2025, it opened 4 new positions, sold out of 3, added to 29 and reduced 31. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale an exit from Ferguson Enterprises (FERG).
- Most Recent 13F
- Q2 2026
- Location
- HOLLYWOOD, FL
- CIK
- 0001965393
- Portfolio Value
- $139.9M (Q3 2025)
- SEC Filing
- 0001172661-25-004444 ↗ filed Oct 28, 2025
Holdings Value
Holdings 84 stocks · $139.9M
| MSFT Microsoft Corp. | 4.67% | 12,604 | $6.5M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 4.45% | 25,561 | $6.2M | Add +0.1% |
| CAT Caterpillar Inc. | 4.05% | 11,863 | $5.7M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 3.95% | 7,522 | $5.5M | Add +0.5% |
| PH Parker Hannifin Corp. | 3.30% | 6,092 | $4.6M | Reduce -1.9% |
| TRV The Travelers Cos Inc. | 3.21% | 16,096 | $4.5M | No change |
| PAG Penske Automotive Group Inc. | 3.07% | 24,667 | $4.3M | Add +1.7% |
| MA Mastercard Inc. Class A | 2.45% | 6,037 | $3.4M | No change |
| JPM JPMorgan Chase & Co. | 2.32% | 10,301 | $3.2M | Reduce -0.2% |
| V Visa Inc. Class A | 2.31% | 9,451 | $3.2M | Add +0.2% |
| AXP American Express Co. | 2.18% | 9,194 | $3.1M | Add +0.1% |
| PM Philip Morris International | 2.08% | 17,936 | $2.9M | Add +1.4% |
| WSO Watsco Inc. | 2.02% | 6,993 | $2.8M | Add +0.5% |
| NDAQ Nasdaq Inc. | 2.01% | 31,717 | $2.8M | No change |
| MCO Moody's Corp. | 1.98% | 5,807 | $2.8M | No change |
| CMI Cummins Inc. | 1.96% | 6,503 | $2.7M | No change |
| WFC Wells Fargo & Co. | 1.87% | 31,184 | $2.6M | Reduce -0.9% |
| PCAR Paccar Inc. | 1.79% | 25,471 | $2.5M | Add +0.3% |
| RY Royal Bank of Canada | 1.77% | 16,829 | $2.5M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.61% | 29,397 | $2.3M | No change |
| JNJ Johnson & Johnson | 1.56% | 11,768 | $2.2M | Reduce -0.2% |
| ITW Illinois Tool Works | 1.51% | 8,119 | $2.1M | Reduce -0.3% |
| EPD Enterprise Products Partners | 1.50% | 67,266 | $2.1M | Add +1.4% |
| FIX Comfort Systems USA Inc. | 1.41% | 2,396 | $2.0M | Reduce -1.4% |
| TD Toronto-Dominion Bank | 1.36% | 23,760 | $1.9M | No change |
| UNH Unitedhealth Group Inc. | 1.33% | 5,377 | $1.9M | Add +9.1% |
| CINF Cincinnati Financial Corp. | 1.31% | 11,623 | $1.8M | Reduce -0.3% |
| MO Altria Group Inc. | 1.30% | 27,489 | $1.8M | Reduce -0.0% |
| GPC Genuine Parts Co. | 1.29% | 13,011 | $1.8M | Add +0.2% |
| FITB Fifth Third Bancorp | 1.28% | 40,238 | $1.8M | Reduce -0.6% |
| PG The Procter & Gamble Co. | 1.26% | 11,496 | $1.8M | Reduce -2.0% |
| BA The Boeing Co. | 1.25% | 8,103 | $1.7M | No change |
| ENB Enbridge Inc. | 1.17% | 32,547 | $1.6M | Add +0.3% |
| CME Cme Group Inc. | 1.17% | 6,040 | $1.6M | Add +0.8% |
| ORI Old Republic Intl Corp. | 1.14% | 37,481 | $1.6M | Add +3.1% |
| FNF Fidelity National Financial | 1.12% | 25,925 | $1.6M | Add +0.3% |
| RTX RTX Corp. | 1.07% | 8,920 | $1.5M | No change |
| USB US Bancorp | 1.06% | 30,608 | $1.5M | Reduce -0.5% |
| CCI Crown Castle Inc. | 1.04% | 15,137 | $1.5M | Add +0.1% |
| ADP Automatic Data Processing | 1.02% | 4,878 | $1.4M | No change |
| TFC Truist Financial Corp. | 1.02% | 31,261 | $1.4M | Reduce -0.3% |
| GD General Dynamics Corp. | 1.01% | 4,141 | $1.4M | Reduce -7.4% |
| MMM 3M Co. | 1.01% | 9,090 | $1.4M | Reduce -0.1% |
| O Realty Income Corp. | 0.97% | 22,401 | $1.4M | Add +1.8% |
| LHX L3HARRIS Technologies Inc. | 0.96% | 4,388 | $1.3M | Reduce -2.2% |
| BTI British American Tob-SP ADR | 0.88% | 23,275 | $1.2M | No change |
| CB Chubb Ltd. | 0.87% | 4,329 | $1.2M | No change |
| APD Air Products & Chemicals Inc. | 0.84% | 4,293 | $1.2M | Reduce -0.1% |
| AGM Federal Agric MTG Corp. Class C | 0.79% | 6,612 | $1.1M | Add +1.9% |
| MPLX MPLX LP | 0.79% | 22,060 | $1.1M | Add +4.3% |
| CNH CNH Industrial NV | 0.79% | 101,350 | $1.1M | Reduce -4.0% |
| AOS Smith (a.o.) Corp. | 0.76% | 14,459 | $1.1M | Reduce -0.3% |
| AMT American Tower Corp. | 0.66% | 4,781 | $919K | Add +0.4% |
| ADM Archer-Daniels-Midland Co. | 0.64% | 15,027 | $898K | Add +0.9% |
| ADC Agree Realty Corp. | 0.57% | 11,147 | $792K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.53% | 780 | $743K | Reduce -4.9% |
| WPC WP Carey Inc. | 0.52% | 10,799 | $730K | Add +3.6% |
| UPS United Parcel Service Class B | 0.51% | 8,552 | $714K | Reduce -1.1% |
| SWK Stanley Black & Decker Inc. | 0.51% | 9,585 | $712K | Reduce -1.0% |
| AFG American Financial Group Inc. | 0.49% | 4,683 | $682K | Add +4.1% |
| PPG PPG Industries Inc. | 0.47% | 6,311 | $663K | Reduce -0.8% |
| ADBE Adobe Inc. | 0.46% | 1,813 | $640K | Add +0.1% |
| INTC Intel Corp. | 0.46% | 19,021 | $638K | Reduce -2.1% |
| ICE Intercontinental Exchange Inc. | 0.40% | 3,337 | $562K | No change |
| CPRT Copart Inc. | 0.39% | 12,276 | $552K | No change |
| MDT Medtronic PLC | 0.38% | 5,545 | $528K | Reduce -4.3% |
| SPGI S&P Global Inc. | 0.35% | 1,017 | $495K | No change |
| KMI Kinder Morgan Inc. | 0.31% | 15,128 | $428K | Add +1.2% |
| CVX Chevron Corp. | 0.30% | 2,697 | $419K | Add +5.6% |
| C Citigroup Inc. | 0.30% | 4,094 | $416K | Reduce -3.3% |
| PLD Prologis Inc. | 0.27% | 3,336 | $382K | Add +2.0% |
| CASY Casey's General Stores Inc. | 0.27% | 657 | $371K | Reduce -0.3% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.26% | 5,616 | $363K | No change |
| ALL Allstate Corp. | 0.24% | 1,596 | $343K | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.22% | 1,381 | $303K | New |
| PYPL PayPal Holdings Inc. | 0.21% | 4,430 | $297K | Reduce -3.7% |
| CNI Canadian Natl Railway Co. | 0.20% | 2,938 | $277K | No change |
| MUSA Murphy USA Inc. | 0.19% | 679 | $264K | Add +21.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 5,070 | $262K | Reduce -0.8% |
| CRCL Circle Internet Group Inc. | 0.18% | 1,860 | $247K | New |
| HAL Halliburton Co. | 0.17% | 9,570 | $235K | New |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.17% | 1,175 | $232K | No change |
| SYY Sysco Corp. | 0.15% | 2,598 | $214K | New |
| LEG Leggett & Platt Inc. | 0.15% | 24,017 | $213K | Reduce -2.9% |
Options reported separately and not counted above: SPY calls ($22.3M).
Portfolio Sells Q2 2025 → Q3 2025
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −1.30 |
| CRH CRH PLC | Sold out | 0.00% | −0.71 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.27 |
| CNH CNH Industrial NV | Reduce -4.0% | 0.79% | −0.23 |
| UPS United Parcel Service Class B | Reduce -1.1% | 0.51% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -2.0% | 1.26% | −0.13 |
| GWW WW Grainger Inc. | Reduce -4.9% | 0.53% | −0.10 |
| APD Air Products & Chemicals Inc. | Reduce -0.1% | 0.84% | −0.07 |
| PPG PPG Industries Inc. | Reduce -0.8% | 0.47% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -3.7% | 0.21% | −0.04 |
| MMM 3M Co. | Reduce -0.1% | 1.01% | −0.02 |
| LEG Leggett & Platt Inc. | Reduce -2.9% | 0.15% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -0.9% | 1.87% | −0.01 |
| MDT Medtronic PLC | Reduce -4.3% | 0.38% | +0.00 |
| ALL Allstate Corp. | Reduce -1.5% | 0.24% | +0.00 |
| BAC Bank of America Corp. | Reduce -0.8% | 0.19% | +0.01 |
| CASY Casey's General Stores Inc. | Reduce -0.3% | 0.27% | +0.02 |
| ITW Illinois Tool Works | Reduce -0.3% | 1.51% | +0.02 |
| TFC Truist Financial Corp. | Reduce -0.3% | 1.02% | +0.02 |
| SWK Stanley Black & Decker Inc. | Reduce -1.0% | 0.51% | +0.02 |
| CINF Cincinnati Financial Corp. | Reduce -0.3% | 1.31% | +0.02 |
| USB US Bancorp | Reduce -0.5% | 1.06% | +0.02 |
| C Citigroup Inc. | Reduce -3.3% | 0.30% | +0.03 |
| GD General Dynamics Corp. | Reduce -7.4% | 1.01% | +0.04 |
| FITB Fifth Third Bancorp | Reduce -0.6% | 1.28% | +0.04 |
| AOS Smith (a.o.) Corp. | Reduce -0.3% | 0.76% | +0.05 |
| PH Parker Hannifin Corp. | Reduce -1.9% | 3.30% | +0.07 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 2.32% | +0.10 |
| MO Altria Group Inc. | Reduce -0.0% | 1.30% | +0.10 |
| LHX L3HARRIS Technologies Inc. | Reduce -2.2% | 0.96% | +0.12 |
| INTC Intel Corp. | Reduce -2.1% | 0.46% | +0.13 |
| JNJ Johnson & Johnson | Reduce -0.2% | 1.56% | +0.22 |
| FIX Comfort Systems USA Inc. | Reduce -1.4% | 1.41% | +0.44 |
| CAT Caterpillar Inc. | Reduce -0.3% | 4.05% | +0.61 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOG Alphabet Inc. Class C | Add +0.1% | 4.45% | +1.08 |
| AMZN Amazon.com Inc. | New | 0.22% | +0.22 |
| UNH Unitedhealth Group Inc. | Add +9.1% | 1.33% | +0.18 |
| CRCL Circle Internet Group Inc. | New | 0.18% | +0.18 |
| HAL Halliburton Co. | New | 0.17% | +0.17 |
| SYY Sysco Corp. | New | 0.15% | +0.15 |
| GPC Genuine Parts Co. | Add +0.2% | 1.29% | +0.12 |
| ORI Old Republic Intl Corp. | Add +3.1% | 1.14% | +0.10 |
| ENB Enbridge Inc. | Add +0.3% | 1.17% | +0.08 |
| AFG American Financial Group Inc. | Add +4.1% | 0.49% | +0.07 |
| ADM Archer-Daniels-Midland Co. | Add +0.9% | 0.64% | +0.06 |
| FNF Fidelity National Financial | Add +0.3% | 1.12% | +0.04 |
| WPC WP Carey Inc. | Add +3.6% | 0.52% | +0.04 |
| MSFT Microsoft Corp. | Add +0.7% | 4.67% | +0.03 |
| O Realty Income Corp. | Add +1.8% | 0.97% | +0.03 |
| CVX Chevron Corp. | Add +5.6% | 0.30% | +0.03 |
| MUSA Murphy USA Inc. | Add +21.9% | 0.19% | +0.02 |
| PLD Prologis Inc. | Add +2.0% | 0.27% | +0.02 |
| AXP American Express Co. | Add +0.1% | 2.18% | +0.00 |
| PCAR Paccar Inc. | Add +0.3% | 1.79% | −0.01 |
| KMI Kinder Morgan Inc. | Add +1.2% | 0.31% | −0.02 |
| MPLX MPLX LP | Add +4.3% | 0.79% | −0.02 |
| EPD Enterprise Products Partners | Add +1.4% | 1.50% | −0.03 |
| PAG Penske Automotive Group Inc. | Add +1.7% | 3.07% | −0.03 |
| CME Cme Group Inc. | Add +0.8% | 1.17% | −0.06 |
| ADBE Adobe Inc. | Add +0.1% | 0.46% | −0.06 |
| CCI Crown Castle Inc. | Add +0.1% | 1.04% | −0.11 |
| AMT American Tower Corp. | Add +0.4% | 0.66% | −0.13 |
| AGM Federal Agric MTG Corp. Class C | Add +1.9% | 0.79% | −0.14 |
| META Meta Platforms Inc. Class A | Add +0.5% | 3.95% | −0.16 |
| V Visa Inc. Class A | Add +0.2% | 2.31% | −0.19 |
| WSO Watsco Inc. | Add +0.5% | 2.02% | −0.27 |
| PM Philip Morris International | Add +1.4% | 2.08% | −0.32 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +507.3% | 33,400 | $22.3M |
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 |