Applied Finance Capital Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Applied Finance Capital Management, LLC reported 298 stock positions worth $2.3 billion. Its top holding was Apple (AAPL) at 4.0% of the portfolio, followed by Intl Business Machines (IBM, 3.2%) and Cisco Systems (CSCO, 2.8%). Compared with Q2 2024, it opened 36 new positions, sold out of 31, added to 132 and reduced 101. The biggest buy was a new position in Oracle (ORCL) and the biggest sale an exit from Intel (INTC).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001966007
- Portfolio Value
- $2.3B (Q3 2024)
- SEC Filing
- 0001398344-24-020254 ↗ filed Nov 8, 2024
Holdings Value
Holdings 298 stocks · $2.3B
| AAPL Apple Inc. | 4.01% | 402,699 | $93.8M | Reduce -4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.25% | 343,851 | $76.0M | Add +7.3% |
| CSCO Cisco Systems Inc. | 2.83% | 1,243,279 | $66.2M | Add +8.2% |
| META Meta Platforms Inc. Class A | 2.72% | 111,347 | $63.7M | Add +1.2% |
| HPQ HP Inc. | 2.71% | 1,766,422 | $63.4M | Add +0.3% |
| ADBE Adobe Inc. | 2.59% | 117,011 | $60.6M | Reduce -0.6% |
| ROP Roper Technologies Inc. | 2.51% | 105,547 | $58.7M | Add +5.6% |
| KLAC KLA Corp. | 2.49% | 75,311 | $58.3M | Reduce -1.5% |
| GOOGL Alphabet Inc. Class A | 2.43% | 343,619 | $57.0M | Reduce -1.8% |
| MCHP Microchip Technology Inc. | 2.17% | 631,529 | $50.7M | Add +4.3% |
| VZ Verizon Communications Inc. | 2.14% | 1,114,450 | $50.0M | Add +3.3% |
| DHI D.R. Horton Inc. | 2.13% | 261,657 | $49.9M | Add +6.2% |
| MA Mastercard Inc. Class A | 2.10% | 99,735 | $49.2M | Add +1.8% |
| FISV Fiserv Inc. | 2.08% | 271,523 | $48.8M | Reduce -2.1% |
| ORCL Oracle Corp. | 2.04% | 280,834 | $47.9M | New |
| LOW Lowe's Cos Inc. | 2.04% | 175,930 | $47.7M | Add +5.8% |
| URI United Rentals Inc. | 1.98% | 57,374 | $46.5M | Add +1.6% |
| MET Metlife Inc. | 1.96% | 556,270 | $45.9M | Add +0.5% |
| AMP Ameriprise Financial Inc. | 1.93% | 96,067 | $45.1M | Add +0.3% |
| CMI Cummins Inc. | 1.89% | 136,759 | $44.3M | Add +0.8% |
| TRV The Travelers Cos Inc. | 1.89% | 188,920 | $44.2M | Add +3.4% |
| PWR Quanta Services Inc. | 1.84% | 144,809 | $43.2M | Reduce -0.3% |
| WAB Wabtec Corp. | 1.81% | 233,467 | $42.4M | Reduce -3.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.80% | 439,274 | $42.3M | Add +12.3% |
| JPM JPMorgan Chase & Co. | 1.79% | 198,456 | $41.8M | Reduce -3.6% |
| DRI Darden Restaurants Inc. | 1.74% | 248,597 | $40.8M | Add +4.7% |
| UNP Union Pacific Corp. | 1.73% | 163,920 | $40.4M | Add +0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.71% | 1,009,207 | $40.0M | Reduce -2.7% |
| HST Host Hotels & Resorts Inc. | 1.57% | 2,095,257 | $36.9M | Add +6.9% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 1.53% | 498,290 | $35.9M | Add +4.0% |
| TMO Thermo Fisher Scientific Inc. | 1.39% | 52,513 | $32.5M | Add +1.3% |
| LKQ LKQ Corp. | 1.38% | 811,374 | $32.4M | Add +12.2% |
| SYK Stryker Corp. | 1.35% | 87,653 | $31.7M | Add +0.8% |
| STZ Constellation Brands Inc. Class A | 1.34% | 121,783 | $31.4M | Add +0.8% |
| CVS CVS Health Corp. | 1.34% | 497,864 | $31.3M | Add +7.7% |
| INCY Incyte Corp. | 1.33% | 471,687 | $31.2M | Reduce -5.6% |
| TGT Target Corp. | 1.31% | 197,315 | $30.8M | Add +7.0% |
| DHR Danaher Corp. | 1.28% | 107,966 | $30.0M | Reduce -0.8% |
| TSN Tyson Foods Inc. Class A | 1.27% | 499,540 | $29.8M | Reduce -0.4% |
| REGN Regeneron Pharmaceuticals | 1.27% | 28,263 | $29.7M | Reduce -6.3% |
| MRK Merck & Co. Inc. | 1.23% | 252,956 | $28.7M | Add +1.0% |
| SHW The Sherwin-Williams Co. | 1.16% | 71,263 | $27.2M | Add +2053.6% |
| MSFT Microsoft Corp. | 1.11% | 60,629 | $26.1M | Add +0.1% |
| CVX Chevron Corp. | 1.11% | 177,060 | $26.1M | Reduce -1.3% |
| MCK McKesson Corp. | 1.07% | 50,783 | $25.1M | Reduce -5.8% |
| PEG Public Service Enterprise GP | 1.07% | 279,823 | $25.0M | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.05% | 202,575 | $24.6M | Reduce -1.6% |
| COP Conocophillips | 1.01% | 224,895 | $23.7M | Add +0.1% |
| VLO Valero Energy Corp. | 1.00% | 173,090 | $23.4M | Add +0.1% |
| DTE DTE Energy Company | 0.95% | 172,442 | $22.1M | Add +1.7% |
| CE Celanese Corp. | 0.85% | 145,632 | $19.8M | Add +7.9% |
| KDP Keurig Dr Pepper Inc. | 0.82% | 513,589 | $19.2M | Add +1744.7% |
| AVGO Broadcom Inc. | 0.29% | 39,360 | $6.8M | Reduce -8.3% |
| V Visa Inc. Class A | 0.21% | 18,100 | $5.0M | Add +1.1% |
| JNJ Johnson & Johnson | 0.20% | 29,412 | $4.8M | Add +13.7% |
| ABBV Abbvie Inc. | 0.20% | 23,598 | $4.7M | Add +17.1% |
| ACN Accenture PLC Class A | 0.15% | 9,617 | $3.4M | Add +14.4% |
| ABT Abbott Laboratories | 0.12% | 24,537 | $2.8M | Add +18.2% |
| CRM Salesforce Inc. | 0.11% | 9,238 | $2.5M | Add +11.5% |
| TMUS T-Mobile US Inc. | 0.10% | 11,765 | $2.4M | Reduce -6.0% |
| AMGN Amgen Inc. | 0.09% | 6,855 | $2.2M | Reduce -9.7% |
| BMY Bristol-Myers Squibb Co. | 0.09% | 40,552 | $2.1M | Add +20.0% |
| GILD Gilead Sciences Inc. | 0.09% | 24,482 | $2.1M | Add +7.5% |
| CAT Caterpillar Inc. | 0.09% | 5,197 | $2.0M | Add +8.8% |
| MPC Marathon Petroleum Corp. | 0.09% | 12,333 | $2.0M | Add +42.8% |
| AXP American Express Co. | 0.09% | 7,389 | $2.0M | Add +0.6% |
| IWD iShares Russell 1000 Value E | 0.09% | 10,514 | $2.0M | New |
| PNC PNC Financial Services Group | 0.09% | 10,777 | $2.0M | Add +21.8% |
| PM Philip Morris International | 0.08% | 16,146 | $2.0M | Reduce -5.0% |
| T AT&T Inc. | 0.08% | 88,737 | $2.0M | Reduce -4.1% |
| WFC Wells Fargo & Co. | 0.08% | 34,010 | $1.9M | Reduce -1.6% |
| TXN Texas Instruments Inc. | 0.08% | 9,240 | $1.9M | Reduce -5.2% |
| NSC Norfolk Southern Corp. | 0.08% | 7,612 | $1.9M | Add +41.4% |
| CMCSA Comcast Corp. Class A | 0.08% | 44,604 | $1.9M | Add +8.2% |
| AMAT Applied Materials Inc. | 0.08% | 8,701 | $1.8M | Reduce -13.0% |
| BKNG Booking Holdings Inc. | 0.07% | 415 | $1.7M | Reduce -4.6% |
| QCOM Qualcomm Inc. | 0.07% | 10,239 | $1.7M | Reduce -3.0% |
| ORLY O'reilly Automotive Inc. | 0.07% | 1,487 | $1.7M | Add +10.5% |
| AON Aon PLC Class A | 0.07% | 4,779 | $1.7M | Add +9.0% |
| LMT Lockheed Martin Corp. | 0.07% | 2,784 | $1.6M | Add +1.1% |
| PCAR Paccar Inc. | 0.07% | 15,800 | $1.6M | Add +260.8% |
| PRU Prudential Financial Inc. | 0.06% | 12,446 | $1.5M | Add +18.1% |
| LYB Lyondellbasell Indu Class A | 0.06% | 15,605 | $1.5M | Add +38.0% |
| C Citigroup Inc. | 0.06% | 22,917 | $1.4M | Reduce -1.1% |
| AZO AutoZone Inc. | 0.06% | 451 | $1.4M | Add +6.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.06% | 6,132 | $1.4M | Add +0.9% |
| HCA HCA Healthcare Inc. | 0.06% | 3,413 | $1.4M | Add +4.3% |
| HBAN Huntington Bancshares Inc. | 0.06% | 93,829 | $1.4M | Add +25.7% |
| CB Chubb Ltd. | 0.06% | 4,739 | $1.4M | Add +10.2% |
| AMT American Tower Corp. | 0.06% | 5,763 | $1.3M | Add +2.4% |
| VRTX Vertex Pharmaceuticals Inc. | 0.06% | 2,829 | $1.3M | Reduce -2.6% |
| MAR Marriott International Class A | 0.06% | 5,233 | $1.3M | Add +13.6% |
| ADI Analog Devices Inc. | 0.05% | 5,555 | $1.3M | Reduce -6.6% |
| PYPL PayPal Holdings Inc. | 0.05% | 16,380 | $1.3M | Add +13.9% |
| ADP Automatic Data Processing | 0.05% | 4,615 | $1.3M | Add +6.4% |
| LRCX Lam Research Corp. | 0.05% | 1,557 | $1.3M | Reduce -11.6% |
| FICO Fair Isaac Corp. | 0.05% | 638 | $1.2M | Reduce -0.3% |
| CI The Cigna Group | 0.05% | 3,468 | $1.2M | New |
| MMM 3M Co. | 0.05% | 8,715 | $1.2M | Reduce -11.0% |
| GM General Motors Co. | 0.05% | 26,381 | $1.2M | Reduce -7.2% |
Portfolio Sells Q2 2024 → Q3 2024
| INTC Intel Corp. | Sold out | 0.00% | −2.17 |
| CF CF Industries Holdings Inc. | Reduce -98.3% | 0.02% | −0.91 |
| WBA Walgreens Boots Alliance Inc. | Reduce -98.5% | 0.01% | −0.84 |
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 2.43% | −0.51 |
| ADBE Adobe Inc. | Reduce -0.6% | 2.59% | −0.44 |
| KLAC KLA Corp. | Reduce -1.5% | 2.49% | −0.42 |
| MCK McKesson Corp. | Reduce -5.8% | 1.07% | −0.38 |
| BAC Bank of America Corp. | Reduce -2.7% | 1.71% | −0.20 |
| REGN Regeneron Pharmaceuticals | Reduce -6.3% | 1.27% | −0.20 |
| CVX Chevron Corp. | Reduce -1.3% | 1.11% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 1.79% | −0.14 |
| NVDA Nvidia Corp. | Reduce -1.6% | 1.05% | −0.13 |
| AAPL Apple Inc. | Reduce -4.1% | 4.01% | −0.08 |
| INCY Incyte Corp. | Reduce -5.6% | 1.33% | −0.07 |
| TSN Tyson Foods Inc. Class A | Reduce -0.4% | 1.27% | −0.05 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.04 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.04 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.04 |
| HUM Humana Inc. | Sold out | 0.00% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -13.0% | 0.08% | −0.03 |
| LRCX Lam Research Corp. | Reduce -11.6% | 0.05% | −0.03 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.03 |
| CCL Carnival Corp. | Sold out | 0.00% | −0.03 |
| AVGO Broadcom Inc. | Reduce -8.3% | 0.29% | −0.03 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.03 |
| ETR Entergy Corp. | Sold out | 0.00% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -3.0% | 0.07% | −0.02 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.02 |
| LII Lennox International Inc. | Sold out | 0.00% | −0.02 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.02 |
| AMCR Amcor PLC | Sold out | 0.00% | −0.02 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.02 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.02 |
| DG Dollar General Corp. | Reduce -11.3% | 0.02% | −0.02 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Reduce -9.7% | 0.09% | −0.02 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −0.02 |
| QRVO Qorvo Inc. | Sold out | 0.00% | −0.01 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.01 |
| SIRI Sirius XM Holdings Inc. | Sold out | 0.00% | −0.01 |
| UHAL U-Haul Holding Co. | Sold out | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.6% | 0.08% | −0.01 |
| APA Apa Corp. | Sold out | 0.00% | −0.01 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.01 |
| GM General Motors Co. | Reduce -7.2% | 0.05% | −0.01 |
| GMED Globus Medical Inc. Class A | Sold out | 0.00% | −0.01 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.01 |
| X United States Steel Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| ORCL Oracle Corp. | New | 2.04% | +2.04 |
| SHW The Sherwin-Williams Co. | Add +2053.6% | 1.16% | +1.12 |
| KDP Keurig Dr Pepper Inc. | Add +1744.7% | 0.82% | +0.78 |
| IBM Intl Business Machines Corp. | Add +7.3% | 3.25% | +0.68 |
| DHI D.R. Horton Inc. | Add +6.2% | 2.13% | +0.53 |
| LOW Lowe's Cos Inc. | Add +5.8% | 2.04% | +0.34 |
| CSCO Cisco Systems Inc. | Add +8.2% | 2.83% | +0.30 |
| URI United Rentals Inc. | Add +1.6% | 1.98% | +0.30 |
| TRV The Travelers Cos Inc. | Add +3.4% | 1.89% | +0.17 |
| MET Metlife Inc. | Add +0.5% | 1.96% | +0.16 |
| META Meta Platforms Inc. Class A | Add +1.2% | 2.72% | +0.16 |
| CMI Cummins Inc. | Add +0.8% | 1.89% | +0.15 |
| MA Mastercard Inc. Class A | Add +1.8% | 2.10% | +0.11 |
| IWD iShares Russell 1000 Value E | New | 0.09% | +0.09 |
| VZ Verizon Communications Inc. | Add +3.3% | 2.14% | +0.08 |
| DRI Darden Restaurants Inc. | Add +4.7% | 1.74% | +0.08 |
| DTE DTE Energy Company | Add +1.7% | 0.95% | +0.08 |
| CVS CVS Health Corp. | Add +7.7% | 1.34% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +1.3% | 1.39% | +0.06 |
| CI The Cigna Group | New | 0.05% | +0.05 |
| TGT Target Corp. | Add +7.0% | 1.31% | +0.05 |
| INGR Ingredion Inc. | New | 0.05% | +0.05 |
| NOC Northrop Grumman Corp. | New | 0.05% | +0.05 |
| PCAR Paccar Inc. | Add +260.8% | 0.07% | +0.05 |
| CRH CRH PLC-Sponsored ADR | New | 0.04% | +0.04 |
| DELL Dell Technologies -C | New | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +17.1% | 0.20% | +0.04 |
| AMP Ameriprise Financial Inc. | Add +0.3% | 1.93% | +0.04 |
| EFX Equifax Inc. | New | 0.03% | +0.03 |
| FITB Fifth Third Bancorp | New | 0.03% | +0.03 |
| JNJ Johnson & Johnson | Add +13.7% | 0.20% | +0.03 |
| VLTO Veralto Corp. | New | 0.03% | +0.03 |
| NSC Norfolk Southern Corp. | Add +41.4% | 0.08% | +0.03 |
| ACN Accenture PLC Class A | Add +14.4% | 0.15% | +0.03 |
| RJF Raymond James Financial Inc. | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +20.0% | 0.09% | +0.02 |
| UNP Union Pacific Corp. | Add +0.8% | 1.73% | +0.02 |
| PNC PNC Financial Services Group | Add +21.8% | 0.09% | +0.02 |
| WSM Williams-Sonoma Inc. | New | 0.02% | +0.02 |
| ABT Abbott Laboratories | Add +18.2% | 0.12% | +0.02 |
| ULTA Ulta Beauty Inc. | New | 0.02% | +0.02 |
| RTX RTX Corp. | Add +61.5% | 0.04% | +0.02 |
| JBHT Hunt (jb) Transprt SVCS Inc. | New | 0.02% | +0.02 |
| GEN Gen Digital Inc. | New | 0.02% | +0.02 |
| OHI Omega Healthcare Investors | Add +63.4% | 0.04% | +0.02 |
| HD Home Depot Inc. | Add +65.3% | 0.04% | +0.02 |
| UL Unilever PLC | Add +60.6% | 0.04% | +0.02 |
| MPC Marathon Petroleum Corp. | Add +42.8% | 0.09% | +0.02 |
| KEY Keycorp | New | 0.02% | +0.02 |
| PYPL PayPal Holdings Inc. | Add +13.9% | 0.05% | +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 |