Applied Finance Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 28, 2026), Applied Finance Capital Management, LLC reported 218 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 4.9% of the portfolio, followed by Applied Materials (AMAT, 4.5%) and KLA (KLAC, 4.2%). Compared with Q1 2026, it opened 45 new positions, sold out of 45, added to 53 and reduced 118. The biggest buy was Marriott International Class A (MAR, shares +447%) and the biggest sale an exit from LKQ (LKQ).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001966007
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001398344-26-012840 ↗ filed Jul 28, 2026
Holdings Value
Holdings 218 stocks · $1.3B
| AAPL Apple Inc. | 4.86% | 225,701 | $65.3M | Reduce -4.3% |
| AMAT Applied Materials Inc. | 4.51% | 83,758 | $60.6M | Reduce -35.1% |
| KLAC KLA Corp. | 4.16% | 185,356 | $55.9M | Reduce -31.4% |
| MSFT Microsoft Corp. | 3.93% | 141,576 | $52.8M | Add +12.3% |
| GOOGL Alphabet Inc. Class A | 3.28% | 123,175 | $44.0M | Reduce -11.8% |
| CSCO Cisco Systems Inc. | 3.07% | 350,893 | $41.2M | Reduce -23.6% |
| NVDA Nvidia Corp. | 2.86% | 192,007 | $38.4M | Add +23.9% |
| META Meta Platforms Inc. Class A | 2.70% | 64,450 | $36.3M | Reduce -2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.24% | 107,214 | $30.1M | Reduce -0.9% |
| HPQ HP Inc. | 2.15% | 1,318,305 | $28.9M | Reduce -6.8% |
| MA Mastercard Inc. Class A | 1.90% | 49,689 | $25.5M | Reduce -15.3% |
| URI United Rentals Inc. | 1.86% | 22,095 | $25.0M | Add +1.7% |
| ORCL Oracle Corp. | 1.80% | 164,825 | $24.2M | Add +5.7% |
| MAR Marriott International Class A | 1.77% | 63,990 | $23.7M | Add +446.6% |
| ROP Roper Technologies Inc. | 1.68% | 66,661 | $22.6M | Reduce -2.8% |
| CMI Cummins Inc. | 1.63% | 30,633 | $21.8M | Reduce -15.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.62% | 226,422 | $21.8M | Reduce -7.2% |
| VZ Verizon Communications Inc. | 1.61% | 509,998 | $21.6M | Reduce -28.0% |
| ADBE Adobe Inc. | 1.60% | 104,986 | $21.5M | Add +4.9% |
| PWR Quanta Services Inc. | 1.56% | 29,015 | $20.9M | Reduce -27.8% |
| DHI D.R. Horton Inc. | 1.51% | 124,564 | $20.3M | Reduce -14.0% |
| TRV The Travelers Cos Inc. | 1.49% | 60,592 | $20.0M | Reduce -23.4% |
| BAC Bank of America Corp. | 1.42% | 335,281 | $19.1M | Reduce -14.9% |
| JPM JPMorgan Chase & Co. | 1.41% | 58,030 | $19.0M | Reduce -15.1% |
| UNP Union Pacific Corp. | 1.40% | 69,269 | $18.8M | Reduce -13.8% |
| DRI Darden Restaurants Inc. | 1.39% | 90,811 | $18.7M | Reduce -18.6% |
| VLO Valero Energy Corp. | 1.38% | 71,180 | $18.5M | Reduce -20.8% |
| MET Metlife Inc. | 1.37% | 217,438 | $18.4M | Reduce -13.6% |
| AMP Ameriprise Financial Inc. | 1.33% | 39,025 | $17.9M | Reduce -13.8% |
| MRK Merck & Co. Inc. | 1.28% | 133,454 | $17.1M | Reduce -25.4% |
| WAB Wabtec Corp. | 1.26% | 62,973 | $17.0M | Reduce -23.2% |
| APTV Aptiv PLC | 1.24% | 271,519 | $16.7M | Add +0.9% |
| LOW Lowe's Cos Inc. | 1.16% | 70,821 | $15.6M | Reduce -27.6% |
| TGT Target Corp. | 1.15% | 118,102 | $15.4M | Reduce -24.1% |
| LLY Eli Lilly & Co. | 1.12% | 12,549 | $15.1M | Add +1229.3% |
| CBRE CBRE Group Inc. Class A | 1.12% | 111,565 | $15.0M | Reduce -1.2% |
| KDP Keurig Dr Pepper Inc. | 1.10% | 452,729 | $14.8M | Reduce -9.6% |
| GOOG Alphabet Inc. Class C | 1.05% | 40,000 | $14.1M | No change |
| CVS CVS Health Corp. | 1.03% | 134,138 | $13.9M | Reduce -14.8% |
| COP Conocophillips | 1.01% | 131,131 | $13.6M | Reduce -25.1% |
| FISV Fiserv Inc. | 0.97% | 264,331 | $13.0M | Reduce -7.0% |
| V Visa Inc. Class A | 0.91% | 35,674 | $12.2M | Reduce -10.3% |
| INCY Incyte Corp. | 0.90% | 106,768 | $12.1M | Reduce -15.5% |
| STZ Constellation Brands Inc. Class A | 0.87% | 83,537 | $11.6M | Reduce -15.6% |
| STLD Steel Dynamics Inc. | 0.83% | 48,566 | $11.1M | Reduce -12.4% |
| TSN Tyson Foods Inc. Class A | 0.82% | 193,060 | $11.1M | Reduce -15.9% |
| MCK McKesson Corp. | 0.79% | 14,055 | $10.6M | Reduce -20.9% |
| AVGO Broadcom Inc. | 0.78% | 27,591 | $10.4M | Reduce -46.2% |
| PEG Public Service Enterprise GP | 0.78% | 128,243 | $10.4M | Reduce -8.0% |
| DTE DTE Energy Company | 0.76% | 67,101 | $10.2M | Reduce -15.9% |
| SHW The Sherwin-Williams Co. | 0.72% | 28,262 | $9.7M | Reduce -7.7% |
| TMO Thermo Fisher Scientific Inc. | 0.71% | 18,993 | $9.5M | Reduce -18.7% |
| DHR Danaher Corp. | 0.69% | 48,664 | $9.3M | Reduce -5.3% |
| SYK Stryker Corp. | 0.65% | 27,931 | $8.8M | Reduce -21.6% |
| REGN Regeneron Pharmaceuticals | 0.64% | 13,713 | $8.6M | Reduce -18.5% |
| BKNG Booking Holdings Inc. | 0.55% | 41,555 | $7.4M | Add +53.9% |
| PM Philip Morris International | 0.54% | 40,140 | $7.3M | New |
| JNJ Johnson & Johnson | 0.48% | 25,604 | $6.5M | Reduce -31.1% |
| ABBV Abbvie Inc. | 0.47% | 25,128 | $6.3M | Reduce -16.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.31% | 12,606 | $4.2M | Add +21.5% |
| ORLY O'reilly Automotive Inc. | 0.31% | 45,119 | $4.2M | Add +20.1% |
| VSLU Applied Finance Valuat ETF | 0.24% | 70,827 | $3.3M | No change |
| AZO AutoZone Inc. | 0.21% | 882 | $2.8M | Add +72.9% |
| DELL Dell Technologies -C | 0.21% | 6,487 | $2.8M | Reduce -38.8% |
| CEG Constellation Energy | 0.20% | 10,944 | $2.7M | New |
| MO Altria Group Inc. | 0.20% | 37,486 | $2.7M | New |
| LRCX Lam Research Corp. | 0.20% | 6,166 | $2.7M | Reduce -30.0% |
| AMGN Amgen Inc. | 0.18% | 6,845 | $2.5M | Reduce -24.2% |
| PGR Progressive Corp. | 0.18% | 10,929 | $2.4M | Reduce -9.8% |
| MNST Monster Beverage Corp. | 0.16% | 21,721 | $2.1M | New |
| BMY Bristol-Myers Squibb Co. | 0.15% | 35,950 | $2.1M | New |
| YUM Yum! Brands Inc. | 0.15% | 12,562 | $2.0M | Add +5.6% |
| GM General Motors Co. | 0.15% | 25,805 | $2.0M | New |
| GILD Gilead Sciences Inc. | 0.14% | 14,693 | $1.9M | Reduce -27.6% |
| APP AppLovin Corp. Class A | 0.14% | 3,579 | $1.8M | New |
| TDG Transdigm Group Inc. | 0.13% | 1,313 | $1.7M | Add +3.1% |
| NSC Norfolk Southern Corp. | 0.13% | 5,348 | $1.7M | Reduce -11.8% |
| F Ford Motor Co. filed as FORD MTR CO | 0.12% | 120,515 | $1.7M | New |
| MCO Moody's Corp. | 0.12% | 3,572 | $1.6M | Add +23.0% |
| TMUS T-Mobile US Inc. | 0.12% | 9,573 | $1.6M | Add +6.3% |
| ACN Accenture PLC Class A | 0.12% | 12,587 | $1.6M | Add +33.4% |
| MRSH Marsh & McLennan Cos | 0.11% | 9,205 | $1.5M | New |
| TT Trane Technologies PLC | 0.11% | 3,059 | $1.5M | Add +6.0% |
| UGI Ugi Corp. | 0.11% | 42,849 | $1.5M | Add +14.3% |
| ADP Automatic Data Processing | 0.11% | 6,428 | $1.4M | Add +32.0% |
| EXPE Expedia Group Inc. | 0.11% | 5,577 | $1.4M | Add +188.2% |
| QCOM Qualcomm Inc. | 0.10% | 7,583 | $1.4M | Reduce -6.5% |
| AON Aon PLC Class A | 0.10% | 4,196 | $1.4M | New |
| LNG Cheniere Energy Inc. | 0.10% | 5,578 | $1.3M | Reduce -57.5% |
| FIX Comfort Systems USA Inc. | 0.10% | 670 | $1.3M | Add +28.1% |
| VRT Vertiv Holdings Co. Class A | 0.10% | 3,874 | $1.3M | New |
| OKE Oneok Inc. | 0.09% | 13,837 | $1.2M | New |
| HCA HCA Healthcare Inc. | 0.09% | 3,040 | $1.2M | Reduce -4.8% |
| SPG Simon Property Group Inc. | 0.09% | 5,150 | $1.2M | Add +10.3% |
| STT State Street Corp. | 0.09% | 6,785 | $1.2M | Reduce -11.1% |
| MPC Marathon Petroleum Corp. | 0.08% | 4,408 | $1.1M | Reduce -23.1% |
| PNC PNC Financial Services Group | 0.08% | 4,350 | $1.1M | Reduce -9.7% |
| AMT American Tower Corp. | 0.08% | 6,480 | $1.1M | Add +2.5% |
| ANET Arista Networks Inc. | 0.08% | 6,191 | $1.1M | Add +4.3% |
| FANG Diamondback Energy Inc. | 0.08% | 5,859 | $1.0M | New |
Portfolio Sells Q1 2026 → Q2 2026
| LKQ LKQ Corp. | Sold out | 0.00% | −1.46 |
| VZ Verizon Communications Inc. | Reduce -28.0% | 1.61% | −1.06 |
| COP Conocophillips | Reduce -25.1% | 1.01% | −0.72 |
| LOW Lowe's Cos Inc. | Reduce -27.6% | 1.16% | −0.57 |
| AVGO Broadcom Inc. | Reduce -46.2% | 0.78% | −0.42 |
| MCK McKesson Corp. | Reduce -20.9% | 0.79% | −0.36 |
| REGN Regeneron Pharmaceuticals | Reduce -18.5% | 0.64% | −0.34 |
| MRK Merck & Co. Inc. | Reduce -25.4% | 1.28% | −0.34 |
| MA Mastercard Inc. Class A | Reduce -15.3% | 1.90% | −0.30 |
| VLO Valero Energy Corp. | Reduce -20.8% | 1.38% | −0.29 |
| TSN Tyson Foods Inc. Class A | Reduce -15.9% | 0.82% | −0.28 |
| WAB Wabtec Corp. | Reduce -23.2% | 1.26% | −0.28 |
| TGT Target Corp. | Reduce -24.1% | 1.15% | −0.27 |
| STZ Constellation Brands Inc. Class A | Reduce -15.6% | 0.87% | −0.25 |
| DRI Darden Restaurants Inc. | Reduce -18.6% | 1.39% | −0.25 |
| TRV The Travelers Cos Inc. | Reduce -23.4% | 1.49% | −0.24 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.24 |
| FISV Fiserv Inc. | Reduce -7.0% | 0.97% | −0.22 |
| SYK Stryker Corp. | Reduce -21.6% | 0.65% | −0.22 |
| JNJ Johnson & Johnson | Reduce -31.1% | 0.48% | −0.20 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.18 |
| LNG Cheniere Energy Inc. | Reduce -57.5% | 0.10% | −0.18 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.18 |
| AMP Ameriprise Financial Inc. | Reduce -13.8% | 1.33% | −0.18 |
| TMO Thermo Fisher Scientific Inc. | Reduce -18.7% | 0.71% | −0.15 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.14 |
| DIS The Walt Disney Co. | Reduce -7.2% | 1.62% | −0.14 |
| ROP Roper Technologies Inc. | Reduce -2.8% | 1.68% | −0.14 |
| SO The Southern Co. | Sold out | 0.00% | −0.14 |
| META Meta Platforms Inc. Class A | Reduce -2.5% | 2.70% | −0.14 |
| DTE DTE Energy Company | Reduce -15.9% | 0.76% | −0.11 |
| LYB Lyondellbasell Indu Class A | Reduce -51.2% | 0.05% | −0.11 |
| EOG EOG Resources Inc. | Reduce -57.8% | 0.06% | −0.10 |
| PWR Quanta Services Inc. | Reduce -27.8% | 1.56% | −0.10 |
| KR Kroger Co. | Sold out | 0.00% | −0.10 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -15.1% | 1.41% | −0.10 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.09 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -27.6% | 0.14% | −0.07 |
| PEG Public Service Enterprise GP | Reduce -8.0% | 0.78% | −0.07 |
| HAL Halliburton Co. | Sold out | 0.00% | −0.06 |
| UNP Union Pacific Corp. | Reduce -13.8% | 1.40% | −0.06 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.06 |
| QSR Restaurant Brands Intern | Sold out | 0.00% | −0.05 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.05 |
| AMGN Amgen Inc. | Reduce -24.2% | 0.18% | −0.05 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.05 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.05 |
| MSI Motorola Solutions Inc. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q1 2026 → Q2 2026
| MAR Marriott International Class A | Add +446.6% | 1.77% | +1.48 |
| LLY Eli Lilly & Co. | Add +1229.3% | 1.12% | +1.06 |
| NVDA Nvidia Corp. | Add +23.9% | 2.86% | +0.83 |
| URI United Rentals Inc. | Add +1.7% | 1.86% | +0.68 |
| PM Philip Morris International | New | 0.54% | +0.54 |
| MSFT Microsoft Corp. | Add +12.3% | 3.93% | +0.43 |
| BKNG Booking Holdings Inc. | Add +53.9% | 0.55% | +0.21 |
| CEG Constellation Energy | New | 0.20% | +0.20 |
| MO Altria Group Inc. | New | 0.20% | +0.20 |
| MNST Monster Beverage Corp. | New | 0.16% | +0.16 |
| BMY Bristol-Myers Squibb Co. | New | 0.15% | +0.15 |
| GM General Motors Co. | New | 0.15% | +0.15 |
| APP AppLovin Corp. Class A | New | 0.14% | +0.14 |
| F Ford Motor Co. | New | 0.12% | +0.12 |
| MRSH Marsh & McLennan Cos | New | 0.11% | +0.11 |
| AON Aon PLC Class A | New | 0.10% | +0.10 |
| VRT Vertiv Holdings Co. Class A | New | 0.10% | +0.10 |
| OKE Oneok Inc. | New | 0.09% | +0.09 |
| AZO AutoZone Inc. | Add +72.9% | 0.21% | +0.08 |
| FANG Diamondback Energy Inc. | New | 0.08% | +0.08 |
| ORCL Oracle Corp. | Add +5.7% | 1.80% | +0.08 |
| FOXA Fox Corp. Class A | New | 0.08% | +0.08 |
| HLT Hilton Worldwide Holdings Inc. | Add +21.5% | 0.31% | +0.07 |
| EXPE Expedia Group Inc. | Add +188.2% | 0.11% | +0.07 |
| NEM Newmont Corp. | New | 0.06% | +0.06 |
| GD General Dynamics Corp. | New | 0.05% | +0.05 |
| BSX Boston Scientific Corp. | New | 0.05% | +0.05 |
| ORLY O'reilly Automotive Inc. | Add +20.1% | 0.31% | +0.05 |
| SN Sharkninja Inc. | New | 0.05% | +0.05 |
| FIX Comfort Systems USA Inc. | Add +28.1% | 0.10% | +0.04 |
| NOC Northrop Grumman Corp. | New | 0.04% | +0.04 |
| HEI Heico Corp. | New | 0.04% | +0.04 |
| IR Ingersoll-Rand Inc. | New | 0.04% | +0.04 |
| KVUE Kenvue Inc. | New | 0.04% | +0.04 |
| WBD Warner Bros Discovery Inc. | New | 0.03% | +0.03 |
| ADP Automatic Data Processing | Add +32.0% | 0.11% | +0.03 |
| EQT Eqt Corp. | New | 0.03% | +0.03 |
| CCL Carnival Corp. Ltd. | Add +76.8% | 0.07% | +0.03 |
| PR Permian Resources Corp. Class A | New | 0.03% | +0.03 |
| ULTA Ulta Beauty Inc. | New | 0.03% | +0.03 |
| IDXX Idexx Laboratories Inc. | New | 0.03% | +0.03 |
| UAL United Airlines Holdings Inc. | Add +43.8% | 0.05% | +0.03 |
| MCO Moody's Corp. | Add +23.0% | 0.12% | +0.03 |
| SW Smurfit Westrock PLC | New | 0.03% | +0.03 |
| EXE Expand Energy Corp. | New | 0.02% | +0.02 |
| ANET Arista Networks Inc. | Add +4.3% | 0.08% | +0.02 |
| FTAI Ftai Aviation Ltd. | New | 0.02% | +0.02 |
| CHDN Churchill Downs Inc. | New | 0.02% | +0.02 |
| TT Trane Technologies PLC | Add +6.0% | 0.11% | +0.02 |
| DVN Devon Energy Corp. | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 218 | $1.3B | AAPL, AMAT, KLAC, MSFT, GOOGL |
| Q1 2026 | 218 | $1.3B | AAPL, MSFT, AMAT, GOOGL, KLAC |
| Q4 2025 | 225 | $1.4B | AAPL, MSFT, GOOGL, AMAT, CSCO |
| Q3 2025 | 280 | $1.4B | AAPL, MSFT, GOOGL, ORCL, META |
| Q2 2025 | 307 | $1.5B | AAPL, ORCL, META, GOOGL, KLAC |
| Q1 2025 | 294 | $1.4B | AAPL, ROP, IBM, GOOGL, KLAC |
| Q4 2024 | 297 | $2.3B | AAPL, CSCO, GOOGL, ORCL, IBM |
| Q3 2024Amended | 298 | $2.3B | AAPL, IBM, CSCO, META, HPQ |
| Q2 2024 | 293 | $2.2B | AAPL, ADBE, GOOGL, KLAC, HPQ |
| Q1 2024 | 75 | $1.4B | KLAC, IBM, META, ROP, MCHP |