Applied Finance Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Applied Finance Capital Management, LLC reported 307 stock positions worth $1.5 billion. Its top holding was Apple (AAPL) at 3.8% of the portfolio, followed by Oracle (ORCL, 3.5%) and Meta Platforms Class A (META, 3.2%). Compared with Q1 2025, it opened 77 new positions, sold out of 64, added to 86 and reduced 107. The biggest buy was Oracle (ORCL, shares +2%) and the biggest sale Roper Technologies (ROP, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001966007
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0001398344-25-013981 ↗ filed Jul 29, 2025
Holdings Value
Holdings 307 stocks · $1.5B
| AAPL Apple Inc. | 3.80% | 270,896 | $55.6M | Add +1.4% |
| ORCL Oracle Corp. | 3.49% | 233,335 | $51.0M | Add +2.1% |
| META Meta Platforms Inc. Class A | 3.25% | 64,414 | $47.5M | Add +2.2% |
| GOOGL Alphabet Inc. Class A | 3.13% | 259,713 | $45.8M | Add +7.2% |
| KLAC KLA Corp. | 2.88% | 47,101 | $42.2M | Reduce -11.9% |
| AMAT Applied Materials Inc. | 2.72% | 217,136 | $39.8M | Add +2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.65% | 131,337 | $38.7M | Reduce -16.6% |
| CSCO Cisco Systems Inc. | 2.41% | 508,109 | $35.3M | Reduce -12.6% |
| NVDA Nvidia Corp. | 2.20% | 203,672 | $32.2M | Add +4.1% |
| ADBE Adobe Inc. | 2.20% | 83,152 | $32.2M | Add +1.7% |
| MSFT Microsoft Corp. | 2.11% | 61,989 | $30.8M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 2.06% | 243,268 | $30.2M | Add +6.5% |
| ROP Roper Technologies Inc. | 2.04% | 52,598 | $29.8M | Reduce -21.2% |
| MA Mastercard Inc. Class A | 1.92% | 49,880 | $28.0M | Reduce -0.9% |
| HPQ HP Inc. | 1.91% | 1,122,577 | $28.0M | Add +3.2% |
| JPM JPMorgan Chase & Co. | 1.90% | 96,083 | $27.9M | Add +7.5% |
| AMP Ameriprise Financial Inc. | 1.84% | 50,320 | $26.9M | Add +12.7% |
| PWR Quanta Services Inc. | 1.82% | 70,351 | $26.6M | Add +20.2% |
| VZ Verizon Communications Inc. | 1.81% | 611,583 | $26.5M | Reduce -13.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.76% | 543,486 | $25.7M | Add +13.4% |
| CBRE CBRE Group Inc. Class A | 1.64% | 171,593 | $24.0M | Add +6.8% |
| APTV Aptiv PLC | 1.64% | 351,350 | $24.0M | Reduce -6.6% |
| TRV The Travelers Cos Inc. | 1.64% | 89,546 | $24.0M | Reduce -3.9% |
| DRI Darden Restaurants Inc. | 1.59% | 107,070 | $23.3M | Reduce -16.6% |
| MET Metlife Inc. | 1.57% | 286,360 | $23.0M | Add +4.5% |
| URI United Rentals Inc. | 1.57% | 30,417 | $22.9M | Add +13.7% |
| DHI D.R. Horton Inc. | 1.53% | 173,697 | $22.4M | Reduce -2.4% |
| LOW Lowe's Cos Inc. | 1.46% | 96,558 | $21.4M | Reduce -4.8% |
| WAB Wabtec Corp. | 1.44% | 100,898 | $21.1M | Add +3.4% |
| CMI Cummins Inc. | 1.36% | 60,797 | $19.9M | Add +14.4% |
| UNP Union Pacific Corp. | 1.28% | 81,657 | $18.8M | Reduce -1.3% |
| LKQ LKQ Corp. | 1.28% | 505,303 | $18.7M | Reduce -19.8% |
| FISV Fiserv Inc. | 1.18% | 100,344 | $17.3M | Reduce -1.3% |
| MCK McKesson Corp. | 1.15% | 23,053 | $16.9M | Reduce -8.4% |
| TGT Target Corp. | 1.15% | 171,213 | $16.9M | Add +41.2% |
| KDP Keurig Dr Pepper Inc. | 1.14% | 502,444 | $16.6M | Reduce -2.8% |
| SYK Stryker Corp. | 1.08% | 39,930 | $15.8M | Add +15.5% |
| INCY Incyte Corp. | 1.07% | 229,000 | $15.6M | Add +22.6% |
| MRK Merck & Co. Inc. | 1.05% | 194,683 | $15.4M | Add +10.7% |
| STZ Constellation Brands Inc. Class A | 1.04% | 93,359 | $15.2M | Add +15.7% |
| CVS CVS Health Corp. | 1.03% | 217,684 | $15.0M | Reduce -14.1% |
| TSN Tyson Foods Inc. Class A | 1.01% | 264,913 | $14.8M | Reduce -1.9% |
| VLO Valero Energy Corp. | 0.93% | 101,260 | $13.6M | Add +1.5% |
| DHR Danaher Corp. | 0.89% | 65,728 | $13.0M | Add +16.0% |
| PEG Public Service Enterprise GP | 0.87% | 151,319 | $12.7M | Add +5.5% |
| TMO Thermo Fisher Scientific Inc. | 0.86% | 30,928 | $12.5M | Add +9.6% |
| REGN Regeneron Pharmaceuticals | 0.82% | 22,983 | $12.1M | Add +16.1% |
| AVGO Broadcom Inc. | 0.80% | 42,695 | $11.8M | Add +6.5% |
| CVX Chevron Corp. | 0.80% | 81,949 | $11.7M | Reduce -1.5% |
| DTE DTE Energy Company | 0.80% | 88,133 | $11.7M | Reduce -3.8% |
| COP Conocophillips | 0.75% | 122,100 | $11.0M | Add +4.6% |
| SHW The Sherwin-Williams Co. | 0.72% | 30,817 | $10.6M | Reduce -0.8% |
| CE Celanese Corp. | 0.60% | 159,145 | $8.8M | Add +14.4% |
| V Visa Inc. Class A | 0.45% | 18,372 | $6.5M | Reduce -9.7% |
| IWD iShares Russell 1000 Value E | 0.33% | 25,059 | $4.9M | Add +14.9% |
| JNJ Johnson & Johnson | 0.31% | 30,106 | $4.6M | Reduce -6.5% |
| ABBV Abbvie Inc. | 0.28% | 22,205 | $4.1M | Reduce -9.8% |
| ACN Accenture PLC Class A | 0.20% | 9,568 | $2.9M | Reduce -2.9% |
| VSLU Applied Finance Valuat ETF | 0.19% | 71,387 | $2.8M | New |
| WFC Wells Fargo & Co. | 0.19% | 34,207 | $2.7M | New |
| BKNG Booking Holdings Inc. | 0.17% | 435 | $2.5M | Add +8.5% |
| TMUS T-Mobile US Inc. | 0.17% | 10,552 | $2.5M | Reduce -17.4% |
| AXP American Express Co. | 0.17% | 7,779 | $2.5M | New |
| CRM Salesforce Inc. | 0.17% | 8,902 | $2.4M | New |
| GS Goldman Sachs Group Inc. | 0.17% | 3,421 | $2.4M | New |
| COF Capital One Financial Corp. | 0.16% | 11,234 | $2.4M | New |
| CAT Caterpillar Inc. | 0.15% | 5,677 | $2.2M | Add +8.7% |
| T AT&T Inc. | 0.14% | 72,911 | $2.1M | Reduce -19.0% |
| PNC PNC Financial Services Group | 0.14% | 10,920 | $2.0M | Add +131.1% |
| NSC Norfolk Southern Corp. | 0.14% | 7,910 | $2.0M | Reduce -1.0% |
| LRCX Lam Research Corp. | 0.13% | 20,171 | $2.0M | Reduce -2.7% |
| QCOM Qualcomm Inc. | 0.13% | 11,981 | $1.9M | Reduce -8.8% |
| MAR Marriott International Class A | 0.13% | 6,737 | $1.8M | Add +21.7% |
| CMCSA Comcast Corp. Class A | 0.12% | 51,057 | $1.8M | Add +2.4% |
| GILD Gilead Sciences Inc. | 0.12% | 16,096 | $1.8M | Reduce -29.0% |
| AMGN Amgen Inc. | 0.12% | 6,364 | $1.8M | Reduce -28.8% |
| PFE Pfizer Inc. | 0.12% | 71,219 | $1.7M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.12% | 6,422 | $1.7M | Reduce -1.6% |
| DELL Dell Technologies -C | 0.12% | 13,941 | $1.7M | Add +24.9% |
| ANET Arista Networks Inc. | 0.11% | 16,177 | $1.7M | New |
| PGR Progressive Corp. | 0.11% | 6,143 | $1.6M | New |
| ORLY O'reilly Automotive Inc. | 0.11% | 17,340 | $1.6M | Reduce -20.1% |
| APP AppLovin Corp. Class A | 0.11% | 4,432 | $1.6M | New |
| HCA HCA Healthcare Inc. | 0.10% | 3,988 | $1.5M | Reduce -1.5% |
| AON Aon PLC Class A | 0.10% | 4,063 | $1.4M | Reduce -20.2% |
| CEG Constellation Energy | 0.10% | 4,418 | $1.4M | New |
| MCO Moody's Corp. | 0.10% | 2,771 | $1.4M | New |
| RCL Royal Caribbean Cruises Ltd. | 0.09% | 4,433 | $1.4M | New |
| AZO AutoZone Inc. | 0.09% | 370 | $1.4M | Reduce -13.8% |
| COR Cencora Inc. | 0.09% | 4,569 | $1.4M | Reduce -6.8% |
| TT Trane Technologies PLC | 0.09% | 3,108 | $1.4M | New |
| CB Chubb Ltd. | 0.09% | 4,662 | $1.4M | Reduce -7.0% |
| CHTR Charter Communications Inc. Class A | 0.09% | 3,172 | $1.3M | Reduce -12.6% |
| PYPL PayPal Holdings Inc. | 0.09% | 17,380 | $1.3M | Add +30.2% |
| CSX CSX Corp. | 0.09% | 39,073 | $1.3M | Add +3.4% |
| APO Apollo Global Management Inc. | 0.08% | 8,624 | $1.2M | New |
| VRT Vertiv Holdings Co. Class A | 0.08% | 9,491 | $1.2M | New |
| LYB Lyondellbasell Indu Class A | 0.08% | 20,968 | $1.2M | Add +6.0% |
| LNG Cheniere Energy Inc. | 0.08% | 4,824 | $1.2M | Reduce -14.4% |
| PH Parker Hannifin Corp. | 0.08% | 1,676 | $1.2M | Reduce -5.3% |
Portfolio Sells Q1 2025 → Q2 2025
| ROP Roper Technologies Inc. | Reduce -21.2% | 2.04% | −0.86 |
| LKQ LKQ Corp. | Reduce -19.8% | 1.28% | −0.69 |
| VZ Verizon Communications Inc. | Reduce -13.2% | 1.81% | −0.54 |
| FISV Fiserv Inc. | Reduce -1.3% | 1.18% | −0.47 |
| DRI Darden Restaurants Inc. | Reduce -16.6% | 1.59% | −0.37 |
| LOW Lowe's Cos Inc. | Reduce -4.8% | 1.46% | −0.28 |
| TSN Tyson Foods Inc. Class A | Reduce -1.9% | 1.01% | −0.25 |
| CVS CVS Health Corp. | Reduce -14.1% | 1.03% | −0.24 |
| IBM Intl Business Machines Corp. | Reduce -16.6% | 2.65% | −0.24 |
| CSCO Cisco Systems Inc. | Reduce -12.6% | 2.41% | −0.23 |
| CVX Chevron Corp. | Reduce -1.5% | 0.80% | −0.22 |
| TRV The Travelers Cos Inc. | Reduce -3.9% | 1.64% | −0.18 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.17 |
| KDP Keurig Dr Pepper Inc. | Reduce -2.8% | 1.14% | −0.17 |
| UNP Union Pacific Corp. | Reduce -1.3% | 1.28% | −0.15 |
| DHI D.R. Horton Inc. | Reduce -2.4% | 1.53% | −0.13 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.13 |
| DTE DTE Energy Company | Reduce -3.8% | 0.80% | −0.13 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.13 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.12 |
| MA Mastercard Inc. Class A | Reduce -0.9% | 1.92% | −0.11 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.11 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.11 |
| CI The Cigna Group | Sold out | 0.00% | −0.10 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.10 |
| ABBV Abbvie Inc. | Reduce -9.8% | 0.28% | −0.10 |
| PSX Phillips 66 | Sold out | 0.00% | −0.09 |
| GM General Motors Co. | Sold out | 0.00% | −0.09 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.09 |
| MCK McKesson Corp. | Reduce -8.4% | 1.15% | −0.09 |
| MMM 3M Co. | Sold out | 0.00% | −0.08 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.08 |
| AMGN Amgen Inc. | Reduce -28.8% | 0.12% | −0.08 |
| MPC Marathon Petroleum Corp. | Reduce -56.2% | 0.07% | −0.08 |
| V Visa Inc. Class A | Reduce -9.7% | 0.45% | −0.08 |
| TMUS T-Mobile US Inc. | Reduce -17.4% | 0.17% | −0.08 |
| JNJ Johnson & Johnson | Reduce -6.5% | 0.31% | −0.08 |
| SHW The Sherwin-Williams Co. | Reduce -0.8% | 0.72% | −0.08 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.07 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.07 |
| KR Kroger Co. | Sold out | 0.00% | −0.07 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.07 |
| PCAR Paccar Inc. | Reduce -49.5% | 0.06% | −0.07 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.06 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.06 |
| GILD Gilead Sciences Inc. | Reduce -29.0% | 0.12% | −0.06 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.06 |
| CAH Cardinal Health Inc. | Sold out | 0.00% | −0.06 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.06 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.06 |
Portfolio Buys Q1 2025 → Q2 2025
| ORCL Oracle Corp. | Add +2.1% | 3.49% | +1.14 |
| PWR Quanta Services Inc. | Add +20.2% | 1.82% | +0.72 |
| NVDA Nvidia Corp. | Add +4.1% | 2.20% | +0.64 |
| META Meta Platforms Inc. Class A | Add +2.2% | 3.25% | +0.58 |
| AMAT Applied Materials Inc. | Add +2.6% | 2.72% | +0.46 |
| DIS The Walt Disney Co. | Add +6.5% | 2.06% | +0.40 |
| GOOGL Alphabet Inc. Class A | Add +7.2% | 3.13% | +0.37 |
| URI United Rentals Inc. | Add +13.7% | 1.57% | +0.33 |
| AVGO Broadcom Inc. | Add +6.5% | 0.80% | +0.31 |
| JPM JPMorgan Chase & Co. | Add +7.5% | 1.90% | +0.29 |
| BAC Bank of America Corp. | Add +13.4% | 1.76% | +0.29 |
| AMP Ameriprise Financial Inc. | Add +12.7% | 1.84% | +0.24 |
| INCY Incyte Corp. | Add +22.6% | 1.07% | +0.23 |
| TGT Target Corp. | Add +41.2% | 1.15% | +0.22 |
| VSLU Applied Finance Valuat ETF | New | 0.19% | +0.19 |
| WFC Wells Fargo & Co. | New | 0.19% | +0.19 |
| AXP American Express Co. | New | 0.17% | +0.17 |
| CRM Salesforce Inc. | New | 0.17% | +0.17 |
| GS Goldman Sachs Group Inc. | New | 0.17% | +0.17 |
| COF Capital One Financial Corp. | New | 0.16% | +0.16 |
| WAB Wabtec Corp. | Add +3.4% | 1.44% | +0.14 |
| CMI Cummins Inc. | Add +14.4% | 1.36% | +0.14 |
| SYK Stryker Corp. | Add +15.5% | 1.08% | +0.13 |
| PFE Pfizer Inc. | New | 0.12% | +0.12 |
| ANET Arista Networks Inc. | New | 0.11% | +0.11 |
| PGR Progressive Corp. | New | 0.11% | +0.11 |
| APP AppLovin Corp. Class A | New | 0.11% | +0.11 |
| CEG Constellation Energy | New | 0.10% | +0.10 |
| CBRE CBRE Group Inc. Class A | Add +6.8% | 1.64% | +0.10 |
| MCO Moody's Corp. | New | 0.10% | +0.10 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.09% | +0.09 |
| TT Trane Technologies PLC | New | 0.09% | +0.09 |
| APO Apollo Global Management Inc. | New | 0.08% | +0.08 |
| VRT Vertiv Holdings Co. Class A | New | 0.08% | +0.08 |
| SO The Southern Co. | New | 0.08% | +0.08 |
| PNC PNC Financial Services Group | Add +131.1% | 0.14% | +0.08 |
| VST Vistra Corp. | New | 0.08% | +0.08 |
| LHX L3HARRIS Technologies Inc. | New | 0.07% | +0.07 |
| EOG EOG Resources Inc. | New | 0.07% | +0.07 |
| CDNS Cadence Design SYS Inc. | New | 0.07% | +0.07 |
| CCL Carnival Corp. | New | 0.07% | +0.07 |
| CRH CRH PLC | New | 0.07% | +0.07 |
| AME Ametek Inc. | New | 0.07% | +0.07 |
| ALL Allstate Corp. | New | 0.06% | +0.06 |
| GWW WW Grainger Inc. | New | 0.06% | +0.06 |
| ADSK Autodesk Inc. | New | 0.06% | +0.06 |
| TAP Molson Coors Beverage Co. Class B | New | 0.06% | +0.06 |
| MTB M & T Bank Corp. | New | 0.05% | +0.05 |
| SMCI Super Micro Computer Inc. | New | 0.05% | +0.05 |
| VICI Vici Properties Inc. | New | 0.05% | +0.05 |
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 |