Applied Finance Capital Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Applied Finance Capital Management, LLC reported 297 stock positions worth $2.3 billion. Its top holding was Apple (AAPL) at 4.4% of the portfolio, followed by Cisco Systems (CSCO, 3.0%) and Alphabet Class A (GOOGL, 2.9%). Compared with Q3 2024, it opened 37 new positions, sold out of 38, added to 65 and reduced 82. The biggest buy was a new position in CBRE Class A (CBRE) and the biggest sale Microchip Technology (MCHP, shares −98%).

Most Recent 13F
Q2 2026
Location
SAN JUAN, PR
CIK
0001966007
Portfolio Value
$2.3B (Q4 2024)
SEC Filing
0001398344-25-002620 ↗ filed Feb 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.4B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.3B $2.3B Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 297 stocks · $2.3B
AAPL Apple Inc. 4.44% 408,106 $102.2M Add +1.3%
CSCO Cisco Systems Inc. 3.02% 1,175,413 $69.6M Reduce -5.5%
GOOGL Alphabet Inc. Class A 2.95% 358,102 $67.8M Add +4.2%
ORCL Oracle Corp. 2.86% 395,251 $65.9M Add +40.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.78% 290,954 $64.0M Reduce -15.4%
HPQ HP Inc. 2.55% 1,797,997 $58.7M Add +1.8%
META Meta Platforms Inc. Class A 2.53% 99,352 $58.2M Reduce -10.8%
ROP Roper Technologies Inc. 2.43% 107,464 $55.9M Add +1.8%
JPM JPMorgan Chase & Co. 2.40% 230,168 $55.2M Add +16.0%
ADBE Adobe Inc. 2.34% 120,970 $53.8M Add +3.4%
MA Mastercard Inc. Class A 2.29% 99,938 $52.6M Add +0.2%
AMP Ameriprise Financial Inc. 2.23% 96,348 $51.3M Add +0.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.19% 451,523 $50.3M Add +2.8%
KLAC KLA Corp. 2.14% 78,019 $49.2M Add +3.6%
AMAT Applied Materials Inc. 2.10% 297,238 $48.3M Add +3316.1%
FISV Fiserv Inc. 2.09% 234,065 $48.1M Reduce -13.8%
CBRE CBRE Group Inc. Class A 2.06% 361,683 $47.5M New
CMI Cummins Inc. 2.04% 134,346 $46.8M Reduce -1.8%
DRI Darden Restaurants Inc. 2.01% 247,812 $46.3M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.01% 1,050,107 $46.2M Add +4.0%
TRV The Travelers Cos Inc. 1.96% 187,289 $45.1M Reduce -0.9%
PWR Quanta Services Inc. 1.96% 142,403 $45.0M Reduce -1.7%
MET Metlife Inc. 1.95% 549,107 $45.0M Reduce -1.3%
WAB Wabtec Corp. 1.91% 231,355 $43.9M Reduce -0.9%
VZ Verizon Communications Inc. 1.90% 1,091,958 $43.7M Reduce -2.0%
UNP Union Pacific Corp. 1.62% 163,714 $37.3M Reduce -0.1%
LOW Lowe's Cos Inc. 1.62% 150,726 $37.2M Reduce -14.3%
URI United Rentals Inc. 1.55% 50,550 $35.6M Reduce -11.9%
INCY Incyte Corp. 1.40% 465,655 $32.2M Reduce -1.3%
SYK Stryker Corp. 1.38% 87,990 $31.7M Add +0.4%
MCK McKesson Corp. 1.37% 55,261 $31.5M Add +8.8%
LKQ LKQ Corp. 1.31% 818,792 $30.1M Add +0.9%
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 1.29% 490,996 $29.7M Reduce -1.5%
TSN Tyson Foods Inc. Class A 1.28% 511,745 $29.4M Add +2.4%
DHI D.R. Horton Inc. 1.26% 208,048 $29.1M Reduce -20.5%
KDP Keurig Dr Pepper Inc. 1.19% 852,526 $27.4M Add +66.0%
STZ Constellation Brands Inc. Class A 1.19% 123,803 $27.4M Add +1.7%
MSFT Microsoft Corp. 1.17% 63,777 $26.9M Add +5.2%
TGT Target Corp. 1.16% 197,272 $26.7M Reduce -0.0%
TMO Thermo Fisher Scientific Inc. 1.15% 50,769 $26.4M Reduce -3.3%
MRK Merck & Co. Inc. 1.14% 263,200 $26.2M Add +4.0%
CVX Chevron Corp. 1.13% 179,815 $26.0M Add +1.6%
NVDA Nvidia Corp. 1.12% 191,407 $25.7M Reduce -5.5%
DHR Danaher Corp. 1.05% 105,413 $24.2M Reduce -2.4%
PEG Public Service Enterprise GP 1.02% 278,532 $23.5M Reduce -0.5%
SHW The Sherwin-Williams Co. 1.01% 68,201 $23.2M Reduce -4.3%
COP Conocophillips 0.98% 228,503 $22.7M Add +1.6%
VLO Valero Energy Corp. 0.95% 178,293 $21.9M Add +3.0%
CVS CVS Health Corp. 0.95% 486,322 $21.8M Reduce -2.3%
DTE DTE Energy Company 0.91% 174,285 $21.0M Add +1.1%
REGN Regeneron Pharmaceuticals 0.88% 28,317 $20.2M Add +0.2%
IWD iShares Russell 1000 Value E 0.78% 97,085 $18.0M Add +823.4%
CE Celanese Corp. 0.44% 145,715 $10.1M Add +0.1%
AVGO Broadcom Inc. 0.40% 39,635 $9.2M Add +0.7%
V Visa Inc. Class A 0.26% 18,591 $5.9M Add +2.7%
JNJ Johnson & Johnson 0.18% 28,591 $4.1M Reduce -2.8%
ABBV Abbvie Inc. 0.17% 21,989 $3.9M Reduce -6.8%
ACN Accenture PLC Class A 0.14% 9,158 $3.2M Reduce -4.8%
CRM Salesforce Inc. 0.12% 8,508 $2.8M Reduce -7.9%
ABT Abbott Laboratories 0.12% 24,096 $2.7M Reduce -1.8%
TMUS T-Mobile US Inc. 0.11% 11,392 $2.5M Reduce -3.2%
GILD Gilead Sciences Inc. 0.09% 23,139 $2.1M Reduce -5.5%
AXP American Express Co. 0.09% 7,196 $2.1M Reduce -2.6%
BMY Bristol-Myers Squibb Co. 0.09% 37,096 $2.1M Reduce -8.5%
BKNG Booking Holdings Inc. 0.09% 415 $2.1M No change
T AT&T Inc. 0.08% 83,697 $1.9M Reduce -5.7%
AMGN Amgen Inc. 0.08% 7,082 $1.8M Add +3.3%
PCAR Paccar Inc. 0.08% 17,264 $1.8M Add +9.3%
CAT Caterpillar Inc. 0.08% 4,942 $1.8M Reduce -4.9%
AON Aon PLC Class A 0.08% 4,955 $1.8M Add +3.7%
ORLY O'reilly Automotive Inc. 0.08% 1,487 $1.8M No change
TXN Texas Instruments Inc. 0.08% 9,399 $1.8M Add +1.7%
INTU Intuit Inc. 0.08% 2,782 $1.7M New
MPC Marathon Petroleum Corp. 0.08% 12,443 $1.7M Add +0.9%
QCOM Qualcomm Inc. 0.07% 11,057 $1.7M Add +8.0%
NSC Norfolk Southern Corp. 0.07% 7,117 $1.7M Reduce -6.5%
CMCSA Comcast Corp. Class A 0.07% 44,399 $1.7M Reduce -0.5%
MAR Marriott International Class A 0.07% 5,646 $1.6M Add +7.9%
HBAN Huntington Bancshares Inc. 0.07% 95,184 $1.5M Add +1.4%
HLT Hilton Worldwide Holdings Inc. 0.07% 6,132 $1.5M No change
AZO AutoZone Inc. 0.06% 452 $1.4M Add +0.2%
APP AppLovin Corp. Class A 0.06% 4,420 $1.4M Reduce -31.3%
GM General Motors Co. 0.06% 26,381 $1.4M No change
ADP Automatic Data Processing 0.06% 4,615 $1.4M No change
LRCX Lam Research Corp. 0.06% 18,020 $1.3M Add +15.7%
APO Apollo Global Management Inc. 0.06% 7,841 $1.3M Add +3.1%
CB Chubb Ltd. 0.06% 4,643 $1.3M Reduce -2.0%
LMT Lockheed Martin Corp. 0.05% 2,556 $1.2M Reduce -8.2%
VRTX Vertex Pharmaceuticals Inc. 0.05% 3,020 $1.2M Add +6.8%
DELL Dell Technologies -C 0.05% 10,429 $1.2M Add +22.2%
CHTR Charter Communications Inc. Class A 0.05% 3,455 $1.2M No change
PYPL PayPal Holdings Inc. 0.05% 13,831 $1.2M Reduce -15.6%
ADI Analog Devices Inc. 0.05% 5,555 $1.2M No change
LNG Cheniere Energy Inc. 0.05% 5,407 $1.2M Reduce -2.9%
INGR Ingredion Inc. 0.05% 8,443 $1.2M Add +1.6%
LULU Lululemon Athletica Inc. 0.05% 3,019 $1.2M No change
UGI Ugi Corp. 0.05% 40,560 $1.1M Add +9.3%
EW Edwards Lifesciences Corp. 0.05% 15,305 $1.1M Add +69.4%
LYB Lyondellbasell Indu Class A 0.05% 15,128 $1.1M Reduce -3.1%
CSX CSX Corp. 0.05% 34,232 $1.1M Add +7.2%

Show all 297 holdings

Portfolio Sells Q3 2024 → Q4 2024
MCHP Microchip Technology Inc. Reduce -98.2% 0.03% −2.14
HST Host Hotels & Resorts Inc. Reduce -99.2% 0.01% −1.56
DHI D.R. Horton Inc. Reduce -20.5% 1.26% −0.87
IBM Intl Business Machines Corp. Reduce -15.4% 2.78% −0.47
URI United Rentals Inc. Reduce -11.9% 1.55% −0.44
LOW Lowe's Cos Inc. Reduce -14.3% 1.62% −0.42
CVS CVS Health Corp. Reduce -2.3% 0.95% −0.39
APTV Aptiv Irish Holdings Ltd. Reduce -1.5% 1.29% −0.24
VZ Verizon Communications Inc. Reduce -2.0% 1.90% −0.24
TMO Thermo Fisher Scientific Inc. Reduce -3.3% 1.15% −0.24
DHR Danaher Corp. Reduce -2.4% 1.05% −0.23
META Meta Platforms Inc. Class A Reduce -10.8% 2.53% −0.19
TGT Target Corp. Reduce -0.0% 1.16% −0.15
SHW The Sherwin-Williams Co. Reduce -4.3% 1.01% −0.15
UNP Union Pacific Corp. Reduce -0.1% 1.62% −0.10
PM Philip Morris International Sold out 0.00% −0.08
WFC Wells Fargo & Co. Sold out 0.00% −0.08
C Citigroup Inc. Sold out 0.00% −0.06
AMT American Tower Corp. Sold out 0.00% −0.06
NOC Northrop Grumman Corp. Sold out 0.00% −0.05
CRH CRH PLC-Sponsored ADR Sold out 0.00% −0.04
PNC PNC Financial Services Group Reduce -54.1% 0.04% −0.04
PEG Public Service Enterprise GP Reduce -0.5% 1.02% −0.04
GEHC GE Healthcare Technology Sold out 0.00% −0.03
EXR Extra Space Storage Inc. Sold out 0.00% −0.03
EFX Equifax Inc. Sold out 0.00% −0.03
AIG American International Group Sold out 0.00% −0.03
VICI Vici Properties Inc. Sold out 0.00% −0.03
ADSK Autodesk Inc. Sold out 0.00% −0.03
MTB M & T Bank Corp. Sold out 0.00% −0.03
ABBV Abbvie Inc. Reduce -6.8% 0.17% −0.03
PRU Prudential Financial Inc. Reduce -43.1% 0.04% −0.03
MSCI MSCI Inc. Sold out 0.00% −0.03
DVN Devon Energy Corp. Sold out 0.00% −0.03
RJF Raymond James Financial Inc. Sold out 0.00% −0.02
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.02
JNJ Johnson & Johnson Reduce -2.8% 0.18% −0.02
BALL Ball Corp. Sold out 0.00% −0.02
CFG Citizens Financial Group Sold out 0.00% −0.02
HAS Hasbro Inc. Reduce -26.4% 0.02% −0.02
L Loews Corp. Sold out 0.00% −0.02
HCA HCA Healthcare Inc. Reduce -6.7% 0.04% −0.02
LEN Lennar Corp. Class A Reduce -16.8% 0.03% −0.02
CAG Conagra Brands Inc. Sold out 0.00% −0.02
KEY Keycorp Sold out 0.00% −0.02
LMT Lockheed Martin Corp. Reduce -8.2% 0.05% −0.02
MRO Marathon Oil Corp. Sold out 0.00% −0.02
LYB Lyondellbasell Indu Class A Reduce -3.1% 0.05% −0.02
RL Ralph Lauren Corp. Sold out 0.00% −0.01
TAP Molson Coors Beverage Co. Class B Sold out 0.00% −0.01

Portfolio Buys Q3 2024 → Q4 2024
CBRE CBRE Group Inc. Class A New 2.06% +2.06
AMAT Applied Materials Inc. Add +3316.1% 2.10% +2.03
ORCL Oracle Corp. Add +40.7% 2.86% +0.82
IWD iShares Russell 1000 Value E Add +823.4% 0.78% +0.70
JPM JPMorgan Chase & Co. Add +16.0% 2.40% +0.61
GOOGL Alphabet Inc. Class A Add +4.2% 2.95% +0.51
AAPL Apple Inc. Add +1.3% 4.44% +0.43
DIS The Walt Disney Co. Add +2.8% 2.19% +0.38
KDP Keurig Dr Pepper Inc. Add +66.0% 1.19% +0.37
AMP Ameriprise Financial Inc. Add +0.3% 2.23% +0.30
MCK McKesson Corp. Add +8.8% 1.37% +0.30
BAC Bank of America Corp. Add +4.0% 2.01% +0.30
MA Mastercard Inc. Class A Add +0.2% 2.29% +0.18
AVGO Broadcom Inc. Add +0.7% 0.40% +0.11
INTU Intuit Inc. New 0.08% +0.08
MSFT Microsoft Corp. Add +5.2% 1.17% +0.05
PH Parker Hannifin Corp. New 0.05% +0.05
DFS Discover Financial Services New 0.04% +0.04
V Visa Inc. Class A Add +2.7% 0.26% +0.04
KMI Kinder Morgan Inc. New 0.04% +0.04
FDX FedEx Corp. New 0.04% +0.04
MNST Monster Beverage Corp. New 0.04% +0.04
SLB SLB Ltd. New 0.03% +0.03
HUM Humana Inc. New 0.03% +0.03
CAH Cardinal Health Inc. New 0.03% +0.03
DECK Deckers Outdoor Corp. New 0.03% +0.03
RMD Resmed Inc. New 0.03% +0.03
SYY Sysco Corp. New 0.03% +0.03
SYF Synchrony Financial New 0.03% +0.03
TROW T Rowe Price Group Inc. New 0.03% +0.03
SYK Stryker Corp. Add +0.4% 1.38% +0.02
GFS Globalfoundries Inc. New 0.02% +0.02
EW Edwards Lifesciences Corp. Add +69.4% 0.05% +0.02
WRB WR Berkley Corp. New 0.02% +0.02
CVX Chevron Corp. Add +1.6% 1.13% +0.02
DLTR Dollar Tree Inc. New 0.02% +0.02
APO Apollo Global Management Inc. Add +3.1% 0.06% +0.02
TXT Textron Inc. New 0.02% +0.02
AMCR Amcor PLC New 0.01% +0.01
SMCI Super Micro Computer Inc. New 0.01% +0.01
MAR Marriott International Class A Add +7.9% 0.07% +0.01
BXP BXP Inc. New 0.01% +0.01
EXE Expand Energy Corp. Add +72.5% 0.02% +0.01
PCAR Paccar Inc. Add +9.3% 0.08% +0.01
MGM MGM Resorts International New 0.01% +0.01
EXEL Exelixis Inc. New 0.01% +0.01
MEDP Medpace Holdings Inc. New 0.01% +0.01
WHR Whirlpool Corp. Add +22.6% 0.04% +0.01
WBS Webster Financial Corp. New 0.01% +0.01
UGI Ugi Corp. Add +9.3% 0.05% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 218$1.3BAAPL, AMAT, KLAC, MSFT, GOOGL
Q1 2026 218$1.3BAAPL, MSFT, AMAT, GOOGL, KLAC
Q4 2025 225$1.4BAAPL, MSFT, GOOGL, AMAT, CSCO
Q3 2025 280$1.4BAAPL, MSFT, GOOGL, ORCL, META
Q2 2025 307$1.5BAAPL, ORCL, META, GOOGL, KLAC
Q1 2025 294$1.4BAAPL, ROP, IBM, GOOGL, KLAC
Q4 2024 297$2.3BAAPL, CSCO, GOOGL, ORCL, IBM
Q3 2024Amended 298$2.3BAAPL, IBM, CSCO, META, HPQ
Q2 2024 293$2.2BAAPL, ADBE, GOOGL, KLAC, HPQ
Q1 2024 75$1.4BKLAC, IBM, META, ROP, MCHP