Applied Finance Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Applied Finance Capital Management, LLC reported 294 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 4.4% of the portfolio, followed by Roper Technologies (ROP, 2.9%) and Intl Business Machines (IBM, 2.9%). Compared with Q4 2024, it opened 34 new positions, sold out of 37, added to 142 and reduced 77. The biggest buy was a new position in Aptiv (APTV) and the biggest sale an exit from Aptiv Irish (APTV).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001966007
- Portfolio Value
- $1.4B (Q1 2025)
- SEC Filing
- 0001398344-25-008845 ↗ filed May 7, 2025
Holdings Value
Holdings 294 stocks · $1.4B
| AAPL Apple Inc. | 4.37% | 267,167 | $59.3M | Reduce -34.5% |
| ROP Roper Technologies Inc. | 2.90% | 66,756 | $39.4M | Reduce -37.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.88% | 157,468 | $39.2M | Reduce -45.9% |
| GOOGL Alphabet Inc. Class A | 2.76% | 242,259 | $37.5M | Reduce -32.4% |
| KLAC KLA Corp. | 2.67% | 53,480 | $36.4M | Reduce -31.4% |
| META Meta Platforms Inc. Class A | 2.67% | 63,040 | $36.3M | Reduce -36.5% |
| CSCO Cisco Systems Inc. | 2.64% | 581,149 | $35.9M | Reduce -50.6% |
| VZ Verizon Communications Inc. | 2.35% | 704,376 | $32.0M | Reduce -35.5% |
| ORCL Oracle Corp. | 2.35% | 228,472 | $31.9M | Reduce -42.2% |
| ADBE Adobe Inc. | 2.31% | 81,765 | $31.4M | Reduce -32.4% |
| AMAT Applied Materials Inc. | 2.26% | 211,583 | $30.7M | Reduce -28.8% |
| HPQ HP Inc. | 2.22% | 1,087,421 | $30.1M | Reduce -39.5% |
| MA Mastercard Inc. Class A | 2.03% | 50,320 | $27.6M | Reduce -49.6% |
| LKQ LKQ Corp. | 1.97% | 629,962 | $26.8M | Reduce -23.1% |
| DRI Darden Restaurants Inc. | 1.96% | 128,343 | $26.7M | Reduce -48.2% |
| TRV The Travelers Cos Inc. | 1.81% | 93,177 | $24.6M | Reduce -50.3% |
| LOW Lowe's Cos Inc. | 1.74% | 101,393 | $23.6M | Reduce -32.7% |
| MSFT Microsoft Corp. | 1.74% | 62,917 | $23.6M | Reduce -1.4% |
| DHI D.R. Horton Inc. | 1.67% | 178,030 | $22.6M | Reduce -14.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.66% | 228,311 | $22.5M | Reduce -49.4% |
| FISV Fiserv Inc. | 1.65% | 101,671 | $22.5M | Reduce -56.6% |
| APTV Aptiv PLC | 1.65% | 376,110 | $22.4M | New |
| MET Metlife Inc. | 1.62% | 274,072 | $22.0M | Reduce -50.1% |
| JPM JPMorgan Chase & Co. | 1.61% | 89,402 | $21.9M | Reduce -61.2% |
| AMP Ameriprise Financial Inc. | 1.59% | 44,653 | $21.6M | Reduce -53.6% |
| NVDA Nvidia Corp. | 1.56% | 195,716 | $21.2M | Add +2.3% |
| CBRE CBRE Group Inc. Class A | 1.55% | 160,675 | $21.0M | Reduce -55.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.47% | 479,441 | $20.0M | Reduce -54.3% |
| UNP Union Pacific Corp. | 1.44% | 82,765 | $19.6M | Reduce -49.5% |
| WAB Wabtec Corp. | 1.30% | 97,626 | $17.7M | Reduce -57.8% |
| KDP Keurig Dr Pepper Inc. | 1.30% | 516,994 | $17.7M | Reduce -39.4% |
| TSN Tyson Foods Inc. Class A | 1.27% | 269,976 | $17.2M | Reduce -47.2% |
| CVS CVS Health Corp. | 1.26% | 253,427 | $17.2M | Reduce -47.9% |
| MCK McKesson Corp. | 1.25% | 25,155 | $16.9M | Reduce -54.5% |
| URI United Rentals Inc. | 1.23% | 26,754 | $16.8M | Reduce -47.1% |
| CMI Cummins Inc. | 1.23% | 53,141 | $16.7M | Reduce -60.4% |
| MRK Merck & Co. Inc. | 1.16% | 175,796 | $15.8M | Reduce -33.2% |
| PWR Quanta Services Inc. | 1.09% | 58,546 | $14.9M | Reduce -58.9% |
| STZ Constellation Brands Inc. Class A | 1.09% | 80,673 | $14.8M | Reduce -34.8% |
| TMO Thermo Fisher Scientific Inc. | 1.03% | 28,220 | $14.0M | Reduce -44.4% |
| CVX Chevron Corp. | 1.02% | 83,174 | $13.9M | Reduce -53.7% |
| VLO Valero Energy Corp. | 0.97% | 99,794 | $13.2M | Reduce -44.0% |
| SYK Stryker Corp. | 0.95% | 34,563 | $12.9M | Reduce -60.7% |
| DTE DTE Energy Company | 0.93% | 91,596 | $12.7M | Reduce -47.4% |
| TGT Target Corp. | 0.93% | 121,270 | $12.7M | Reduce -38.5% |
| REGN Regeneron Pharmaceuticals | 0.92% | 19,793 | $12.6M | Reduce -30.1% |
| COP Conocophillips | 0.90% | 116,776 | $12.3M | Reduce -48.9% |
| PEG Public Service Enterprise GP | 0.87% | 143,380 | $11.8M | Reduce -48.5% |
| DHR Danaher Corp. | 0.85% | 56,653 | $11.6M | Reduce -46.3% |
| INCY Incyte Corp. | 0.83% | 186,831 | $11.3M | Reduce -59.9% |
| SHW The Sherwin-Williams Co. | 0.80% | 31,075 | $10.9M | Reduce -54.4% |
| CE Celanese Corp. | 0.58% | 139,139 | $7.9M | Reduce -4.5% |
| V Visa Inc. Class A | 0.52% | 20,348 | $7.1M | Add +9.4% |
| AVGO Broadcom Inc. | 0.49% | 40,108 | $6.7M | Add +1.2% |
| JNJ Johnson & Johnson | 0.39% | 32,185 | $5.3M | Add +12.6% |
| ABBV Abbvie Inc. | 0.38% | 24,621 | $5.2M | Add +12.0% |
| IWD iShares Russell 1000 Value E | 0.30% | 21,800 | $4.1M | Reduce -77.5% |
| TMUS T-Mobile US Inc. | 0.25% | 12,772 | $3.4M | Add +12.1% |
| ACN Accenture PLC Class A | 0.23% | 9,857 | $3.1M | Add +7.6% |
| AMGN Amgen Inc. | 0.20% | 8,942 | $2.8M | Add +26.3% |
| T AT&T Inc. | 0.19% | 90,025 | $2.5M | Add +7.6% |
| GILD Gilead Sciences Inc. | 0.19% | 22,660 | $2.5M | Reduce -2.1% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 38,309 | $2.3M | Add +3.3% |
| MPC Marathon Petroleum Corp. | 0.15% | 14,239 | $2.1M | Add +14.4% |
| ORLY O'reilly Automotive Inc. | 0.15% | 1,447 | $2.1M | Reduce -2.7% |
| AON Aon PLC Class A | 0.15% | 5,094 | $2.0M | Add +2.8% |
| QCOM Qualcomm Inc. | 0.15% | 13,137 | $2.0M | Add +18.8% |
| NSC Norfolk Southern Corp. | 0.14% | 7,991 | $1.9M | Add +12.3% |
| BKNG Booking Holdings Inc. | 0.14% | 401 | $1.8M | Reduce -3.4% |
| CMCSA Comcast Corp. Class A | 0.14% | 49,874 | $1.8M | Add +12.3% |
| TXN Texas Instruments Inc. | 0.13% | 10,173 | $1.8M | Add +8.2% |
| INTU Intuit Inc. | 0.13% | 2,915 | $1.8M | Add +4.8% |
| CAT Caterpillar Inc. | 0.13% | 5,225 | $1.7M | Add +5.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.12% | 3,459 | $1.7M | Add +14.5% |
| PCAR Paccar Inc. | 0.12% | 16,964 | $1.7M | Reduce -1.7% |
| AZO AutoZone Inc. | 0.12% | 429 | $1.6M | Reduce -5.1% |
| ADP Automatic Data Processing | 0.11% | 4,993 | $1.5M | Add +8.2% |
| CB Chubb Ltd. | 0.11% | 5,013 | $1.5M | Add +8.0% |
| LRCX Lam Research Corp. | 0.11% | 20,733 | $1.5M | Add +15.1% |
| HLT Hilton Worldwide Holdings Inc. | 0.11% | 6,523 | $1.5M | Add +6.4% |
| AMT American Tower Corp. | 0.11% | 6,650 | $1.4M | New |
| CI The Cigna Group | 0.10% | 4,295 | $1.4M | Add +23.9% |
| ELV Elevance Health Inc. | 0.10% | 3,237 | $1.4M | New |
| HCA HCA Healthcare Inc. | 0.10% | 4,048 | $1.4M | Add +27.2% |
| LYB Lyondellbasell Indu Class A | 0.10% | 19,777 | $1.4M | Add +30.7% |
| HBAN Huntington Bancshares Inc. | 0.10% | 91,881 | $1.4M | Reduce -3.5% |
| COR Cencora Inc. | 0.10% | 4,901 | $1.4M | No change |
| MDLZ Mondelez International Inc. Class A | 0.10% | 19,960 | $1.4M | Add +24.6% |
| CHTR Charter Communications Inc. Class A | 0.10% | 3,631 | $1.3M | Add +5.1% |
| LMT Lockheed Martin Corp. | 0.10% | 2,982 | $1.3M | Add +16.7% |
| MAR Marriott International Class A | 0.10% | 5,534 | $1.3M | Reduce -2.0% |
| LNG Cheniere Energy Inc. | 0.10% | 5,639 | $1.3M | Add +4.3% |
| PSX Phillips 66 | 0.09% | 10,278 | $1.3M | Add +8.9% |
| GM General Motors Co. | 0.09% | 26,863 | $1.3M | Add +1.8% |
| MU Micron Technology Inc. | 0.09% | 14,361 | $1.2M | New |
| FICO Fair Isaac Corp. | 0.09% | 659 | $1.2M | Add +23.6% |
| UGI Ugi Corp. | 0.09% | 36,359 | $1.2M | Reduce -10.4% |
| MMM 3M Co. | 0.08% | 7,823 | $1.1M | Add +7.6% |
| NOC Northrop Grumman Corp. | 0.08% | 2,219 | $1.1M | New |
| INGR Ingredion Inc. | 0.08% | 8,375 | $1.1M | Reduce -0.8% |
Portfolio Sells Q4 2024 → Q1 2025
| APTV Aptiv Irish Holdings Ltd. | Sold out | 0.00% | −1.29 |
| PWR Quanta Services Inc. | Reduce -58.9% | 1.09% | −0.86 |
| CMI Cummins Inc. | Reduce -60.4% | 1.23% | −0.81 |
| JPM JPMorgan Chase & Co. | Reduce -61.2% | 1.61% | −0.78 |
| AMP Ameriprise Financial Inc. | Reduce -53.6% | 1.59% | −0.64 |
| WAB Wabtec Corp. | Reduce -57.8% | 1.30% | −0.60 |
| INCY Incyte Corp. | Reduce -59.9% | 0.83% | −0.57 |
| BAC Bank of America Corp. | Reduce -54.3% | 1.47% | −0.53 |
| DIS The Walt Disney Co. | Reduce -49.4% | 1.66% | −0.53 |
| CBRE CBRE Group Inc. Class A | Reduce -55.6% | 1.55% | −0.52 |
| ORCL Oracle Corp. | Reduce -42.2% | 2.35% | −0.51 |
| IWD iShares Russell 1000 Value E | Reduce -77.5% | 0.30% | −0.48 |
| FISV Fiserv Inc. | Reduce -56.6% | 1.65% | −0.44 |
| SYK Stryker Corp. | Reduce -60.7% | 0.95% | −0.43 |
| CSCO Cisco Systems Inc. | Reduce -50.6% | 2.64% | −0.39 |
| MET Metlife Inc. | Reduce -50.1% | 1.62% | −0.34 |
| HPQ HP Inc. | Reduce -39.5% | 2.22% | −0.33 |
| URI United Rentals Inc. | Reduce -47.1% | 1.23% | −0.31 |
| MA Mastercard Inc. Class A | Reduce -49.6% | 2.03% | −0.26 |
| TGT Target Corp. | Reduce -38.5% | 0.93% | −0.23 |
| SHW The Sherwin-Williams Co. | Reduce -54.4% | 0.80% | −0.21 |
| DHR Danaher Corp. | Reduce -46.3% | 0.85% | −0.20 |
| GOOGL Alphabet Inc. Class A | Reduce -32.4% | 2.76% | −0.19 |
| UNP Union Pacific Corp. | Reduce -49.5% | 1.44% | −0.18 |
| PEG Public Service Enterprise GP | Reduce -48.5% | 0.87% | −0.15 |
| TRV The Travelers Cos Inc. | Reduce -50.3% | 1.81% | −0.15 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.12 |
| MCK McKesson Corp. | Reduce -54.5% | 1.25% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -44.4% | 1.03% | −0.11 |
| CVX Chevron Corp. | Reduce -53.7% | 1.02% | −0.11 |
| STZ Constellation Brands Inc. Class A | Reduce -34.8% | 1.09% | −0.10 |
| AXP American Express Co. | Sold out | 0.00% | −0.09 |
| COP Conocophillips | Reduce -48.9% | 0.90% | −0.08 |
| AAPL Apple Inc. | Reduce -34.5% | 4.37% | −0.08 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.06 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.06 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.05 |
| DRI Darden Restaurants Inc. | Reduce -48.2% | 1.96% | −0.05 |
| ABT Abbott Laboratories | Reduce -68.8% | 0.07% | −0.05 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.04 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Reduce -32.4% | 2.31% | −0.03 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.03 |
| GLW Corning Inc. | Sold out | 0.00% | −0.03 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.03 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.03 |
| DOV Dover Corp. | Sold out | 0.00% | −0.03 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.03 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.03 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| APTV Aptiv PLC | New | 1.65% | +1.65 |
| NVDA Nvidia Corp. | Add +2.3% | 1.56% | +0.44 |
| V Visa Inc. Class A | Add +9.4% | 0.52% | +0.27 |
| JNJ Johnson & Johnson | Add +12.6% | 0.39% | +0.21 |
| ABBV Abbvie Inc. | Add +12.0% | 0.38% | +0.21 |
| TMUS T-Mobile US Inc. | Add +12.1% | 0.25% | +0.14 |
| AMGN Amgen Inc. | Add +26.3% | 0.20% | +0.12 |
| AMT American Tower Corp. | New | 0.11% | +0.11 |
| T AT&T Inc. | Add +7.6% | 0.19% | +0.10 |
| ELV Elevance Health Inc. | New | 0.10% | +0.10 |
| AVGO Broadcom Inc. | Add +1.2% | 0.49% | +0.09 |
| MU Micron Technology Inc. | New | 0.09% | +0.09 |
| ACN Accenture PLC Class A | Add +7.6% | 0.23% | +0.09 |
| NOC Northrop Grumman Corp. | New | 0.08% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +3.3% | 0.17% | +0.08 |
| GD General Dynamics Corp. | New | 0.08% | +0.08 |
| MPC Marathon Petroleum Corp. | Add +14.4% | 0.15% | +0.08 |
| QCOM Qualcomm Inc. | Add +18.8% | 0.15% | +0.07 |
| AON Aon PLC Class A | Add +2.8% | 0.15% | +0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Add +14.5% | 0.12% | +0.07 |
| NSC Norfolk Southern Corp. | Add +12.3% | 0.14% | +0.07 |
| CCI Crown Castle Inc. | New | 0.06% | +0.06 |
| CMCSA Comcast Corp. Class A | Add +12.3% | 0.14% | +0.06 |
| CI The Cigna Group | Add +23.9% | 0.10% | +0.06 |
| HCA HCA Healthcare Inc. | Add +27.2% | 0.10% | +0.06 |
| SNPS Synopsys Inc. | New | 0.06% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Add +24.6% | 0.10% | +0.06 |
| TXN Texas Instruments Inc. | Add +8.2% | 0.13% | +0.06 |
| WBD Warner Bros Discovery Inc. | New | 0.06% | +0.06 |
| EXR Extra Space Storage Inc. | New | 0.06% | +0.06 |
| INTU Intuit Inc. | Add +4.8% | 0.13% | +0.06 |
| CB Chubb Ltd. | Add +8.0% | 0.11% | +0.06 |
| GEHC GE Healthcare Technology | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | Add +15.1% | 0.11% | +0.05 |
| LYB Lyondellbasell Indu Class A | Add +30.7% | 0.10% | +0.05 |
| ADP Automatic Data Processing | Add +8.2% | 0.11% | +0.05 |
| CAT Caterpillar Inc. | Add +5.7% | 0.13% | +0.05 |
| RJF Raymond James Financial Inc. | New | 0.05% | +0.05 |
| CHTR Charter Communications Inc. Class A | Add +5.1% | 0.10% | +0.05 |
| PSX Phillips 66 | Add +8.9% | 0.09% | +0.05 |
| LNG Cheniere Energy Inc. | Add +4.3% | 0.10% | +0.05 |
| DVN Devon Energy Corp. | New | 0.04% | +0.04 |
| MSCI MSCI Inc. | New | 0.04% | +0.04 |
| ED Consolidated Edison Inc. | Add +23.9% | 0.07% | +0.04 |
| LMT Lockheed Martin Corp. | Add +16.7% | 0.10% | +0.04 |
| MMM 3M Co. | Add +7.6% | 0.08% | +0.04 |
| FICO Fair Isaac Corp. | Add +23.6% | 0.09% | +0.04 |
| HLT Hilton Worldwide Holdings Inc. | Add +6.4% | 0.11% | +0.04 |
| HAS Hasbro Inc. | Add +46.4% | 0.07% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +34.1% | 0.07% | +0.04 |
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 |