Applied Finance Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Applied Finance Capital Management, LLC reported 280 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 4.6% of the portfolio, followed by Microsoft (MSFT, 4.3%) and Alphabet Class A (GOOGL, 4.0%). Compared with Q2 2025, it opened 25 new positions, sold out of 52, added to 29 and reduced 226. The biggest buy was Microsoft (MSFT, shares +89%) and the biggest sale Chevron (CVX, shares −92%).

Most Recent 13F
Q2 2026
Location
SAN JUAN, PR
CIK
0001966007
Portfolio Value
$1.4B (Q3 2025)
SEC Filing
0001398344-25-020421 ↗ filed Nov 6, 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 Q4 2024 Q1 2025: $1.4B Q1 2025 Q2 2025: $1.5B Q2 2025 Q3 2025: $1.4B $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 280 stocks · $1.4B
AAPL Apple Inc. 4.57% 252,799 $64.4M Reduce -6.7%
MSFT Microsoft Corp. 4.31% 117,025 $60.6M Add +88.8%
GOOGL Alphabet Inc. Class A 3.99% 230,900 $56.1M Reduce -11.1%
ORCL Oracle Corp. 3.19% 159,791 $44.9M Reduce -31.5%
META Meta Platforms Inc. Class A 2.87% 55,048 $40.4M Reduce -14.5%
KLAC KLA Corp. 2.75% 35,921 $38.7M Reduce -23.7%
AMAT Applied Materials Inc. 2.57% 176,607 $36.2M Reduce -18.7%
HPQ HP Inc. 2.35% 1,217,071 $33.1M Add +8.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.31% 115,305 $32.5M Reduce -12.2%
NVDA Nvidia Corp. 2.30% 173,375 $32.3M Reduce -14.9%
CSCO Cisco Systems Inc. 2.25% 463,087 $31.7M Reduce -8.9%
ADBE Adobe Inc. 2.08% 82,781 $29.2M Reduce -0.5%
DHI D.R. Horton Inc. 1.99% 164,956 $28.0M Reduce -5.0%
VZ Verizon Communications Inc. 1.98% 633,368 $27.8M Add +3.6%
ROP Roper Technologies Inc. 1.87% 52,769 $26.3M Add +0.3%
MA Mastercard Inc. Class A 1.82% 45,135 $25.7M Reduce -9.5%
APTV Aptiv PLC 1.81% 294,697 $25.4M Reduce -16.1%
JPM JPMorgan Chase & Co. 1.75% 77,891 $24.6M Reduce -18.9%
LOW Lowe's Cos Inc. 1.72% 96,168 $24.2M Reduce -0.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.71% 210,278 $24.1M Reduce -13.6%
CMI Cummins Inc. 1.69% 56,349 $23.8M Reduce -7.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.69% 460,978 $23.8M Reduce -15.2%
URI United Rentals Inc. 1.67% 24,649 $23.5M Reduce -19.0%
TRV The Travelers Cos Inc. 1.67% 84,254 $23.5M Reduce -5.9%
CBRE CBRE Group Inc. Class A 1.66% 148,273 $23.4M Reduce -13.6%
MET Metlife Inc. 1.56% 266,171 $21.9M Reduce -7.0%
AMP Ameriprise Financial Inc. 1.54% 44,087 $21.7M Reduce -12.4%
PWR Quanta Services Inc. 1.46% 49,604 $20.6M Reduce -29.5%
VLO Valero Energy Corp. 1.39% 115,183 $19.6M Add +13.8%
DRI Darden Restaurants Inc. 1.38% 101,830 $19.4M Reduce -4.9%
UNP Union Pacific Corp. 1.33% 78,986 $18.7M Reduce -3.3%
WAB Wabtec Corp. 1.27% 89,443 $17.9M Reduce -11.3%
COP Conocophillips 1.20% 178,358 $16.9M Add +46.1%
LKQ LKQ Corp. 1.16% 536,345 $16.4M Add +6.1%
FISV Fiserv Inc. 1.12% 122,337 $15.8M Add +21.9%
INCY Incyte Corp. 1.07% 177,389 $15.0M Reduce -22.5%
MRK Merck & Co. Inc. 1.06% 178,136 $14.9M Reduce -8.5%
TGT Target Corp. 1.02% 159,887 $14.3M Reduce -6.6%
TMO Thermo Fisher Scientific Inc. 1.02% 29,487 $14.3M Reduce -4.7%
MCK McKesson Corp. 1.01% 18,332 $14.2M Reduce -20.5%
TSN Tyson Foods Inc. Class A 1.00% 258,290 $14.0M Reduce -2.5%
CVS CVS Health Corp. 0.99% 184,244 $13.9M Reduce -15.4%
REGN Regeneron Pharmaceuticals 0.89% 22,219 $12.5M Reduce -3.3%
SYK Stryker Corp. 0.87% 33,079 $12.2M Reduce -17.2%
STZ Constellation Brands Inc. Class A 0.87% 90,422 $12.2M Reduce -3.1%
KDP Keurig Dr Pepper Inc. 0.85% 470,578 $12.0M Reduce -6.3%
PEG Public Service Enterprise GP 0.85% 143,638 $12.0M Reduce -5.1%
DTE DTE Energy Company 0.84% 83,980 $11.9M Reduce -4.7%
AVGO Broadcom Inc. 0.82% 34,845 $11.5M Reduce -18.4%
DHR Danaher Corp. 0.79% 56,419 $11.2M Reduce -14.2%
STLD Steel Dynamics Inc. 0.71% 71,793 $10.0M Add +1774.0%
SHW The Sherwin-Williams Co. 0.70% 28,400 $9.8M Reduce -7.8%
V Visa Inc. Class A 0.38% 15,554 $5.3M Reduce -15.3%
JNJ Johnson & Johnson 0.36% 27,219 $5.0M Reduce -9.6%
ABBV Abbvie Inc. 0.34% 20,655 $4.8M Reduce -7.0%
XOM Exxon Mobil Corp. 0.27% 33,526 $3.8M New
VSLU Applied Finance Valuat ETF 0.22% 71,628 $3.0M Add +0.3%
UNH Unitedhealth Group Inc. 0.20% 8,200 $2.8M New
APP AppLovin Corp. Class A 0.20% 3,833 $2.8M Reduce -13.5%
ACN Accenture PLC Class A 0.17% 9,496 $2.3M Reduce -0.8%
TMUS T-Mobile US Inc. 0.17% 9,733 $2.3M Reduce -7.8%
NSC Norfolk Southern Corp. 0.15% 7,015 $2.1M Reduce -11.3%
CAT Caterpillar Inc. 0.15% 4,298 $2.1M Reduce -24.3%
LRCX Lam Research Corp. 0.14% 15,022 $2.0M Reduce -25.5%
T AT&T Inc. 0.13% 66,766 $1.9M Reduce -8.4%
PNC PNC Financial Services Group 0.13% 9,337 $1.9M Reduce -14.5%
ORLY O'reilly Automotive Inc. 0.13% 17,170 $1.9M Reduce -1.0%
BKNG Booking Holdings Inc. 0.13% 341 $1.8M Reduce -21.6%
CRM Salesforce Inc. 0.13% 7,704 $1.8M Reduce -13.5%
AMGN Amgen Inc. 0.12% 6,177 $1.7M Reduce -2.9%
GILD Gilead Sciences Inc. 0.12% 15,040 $1.7M Reduce -6.6%
QCOM Qualcomm Inc. 0.12% 10,030 $1.7M Reduce -16.3%
PCAR Paccar Inc. 0.12% 16,860 $1.7M Add +96.7%
PFE Pfizer Inc. 0.11% 62,055 $1.6M Reduce -12.9%
PGR Progressive Corp. 0.11% 6,123 $1.5M Reduce -0.3%
DELL Dell Technologies -C 0.11% 10,639 $1.5M Reduce -23.7%
AZO AutoZone Inc. 0.11% 351 $1.5M Reduce -5.1%
AON Aon PLC Class A 0.10% 4,087 $1.5M Add +0.6%
HCA HCA Healthcare Inc. 0.10% 3,400 $1.4M Reduce -14.7%
CMCSA Comcast Corp. Class A 0.10% 45,857 $1.4M Reduce -10.2%
MAR Marriott International Class A 0.10% 5,407 $1.4M Reduce -19.7%
HLT Hilton Worldwide Holdings Inc. 0.10% 5,227 $1.4M Reduce -18.6%
MDT Medtronic PLC 0.09% 13,732 $1.3M New
COR Cencora Inc. 0.09% 4,177 $1.3M Reduce -8.6%
IWD iShares Russell 1000 Value E 0.09% 6,331 $1.3M Reduce -74.7%
CB Chubb Ltd. 0.09% 4,422 $1.2M Reduce -5.2%
SRE Sempra 0.08% 12,575 $1.1M Add +6.9%
ADP Automatic Data Processing 0.08% 3,845 $1.1M New
SO The Southern Co. 0.08% 11,673 $1.1M Reduce -8.1%
MCO Moody's Corp. 0.08% 2,313 $1.1M Reduce -16.5%
CSX CSX Corp. 0.08% 30,809 $1.1M Reduce -21.1%
RTX RTX Corp. 0.08% 6,450 $1.1M Add +3.4%
GD General Dynamics Corp. 0.08% 3,137 $1.1M Reduce -13.8%
OHI Omega Healthcare Investors 0.08% 25,031 $1.1M Add +17.6%
DUK Duke Energy Corp. 0.07% 8,451 $1.0M New
CRH CRH PLC-Sponsored ADR 0.07% 8,505 $1.0M New
TAP Molson Coors Beverage Co. Class B 0.07% 22,504 $1.0M Add +27.4%
UGI Ugi Corp. 0.07% 30,274 $1.0M Reduce -0.5%
LNG Cheniere Energy Inc. 0.07% 4,264 $1.0M Reduce -11.6%
MPC Marathon Petroleum Corp. 0.07% 5,198 $1.0M Reduce -16.7%
STT State Street Corp. 0.07% 8,575 $995K Reduce -11.8%
HD Home Depot Inc. 0.07% 2,447 $992K Add +11.4%
LYB Lyondellbasell Indu Class A 0.07% 20,190 $990K Reduce -3.7%
ETN Eaton Corp. PLC 0.07% 2,631 $985K Reduce -7.9%
LHX L3HARRIS Technologies Inc. 0.07% 3,223 $984K Reduce -25.9%
INGR Ingredion Inc. 0.07% 8,047 $983K Add +4.0%
NVS Novartis AG-Sponsored ADR 0.07% 7,563 $970K Add +0.8%
CVX Chevron Corp. 0.07% 6,240 $969K Reduce -92.4%
ZTS Zoetis Inc. 0.07% 6,621 $969K Reduce -1.5%
ELV Elevance Health Inc. 0.07% 2,964 $958K Add +7.5%
MSI Motorola Solutions Inc. 0.07% 2,088 $955K Reduce -2.4%
TFC Truist Financial Corp. 0.07% 20,706 $947K Reduce -4.4%
HBAN Huntington Bancshares Inc. 0.07% 54,149 $935K Reduce -9.7%
SPG Simon Property Group Inc. 0.07% 4,971 $933K Reduce -13.2%
USB US Bancorp 0.07% 19,105 $923K Reduce -21.8%
ABT Abbott Laboratories 0.07% 6,852 $918K Add +9.4%
HAS Hasbro Inc. 0.07% 12,086 $917K Reduce -19.2%
ALL Allstate Corp. 0.06% 4,246 $911K Reduce -6.9%
EOG EOG Resources Inc. 0.06% 8,104 $909K Reduce -7.7%
APO Apollo Global Management Inc. 0.06% 6,676 $890K Reduce -22.6%
CDNS Cadence Design SYS Inc. 0.06% 2,530 $889K Reduce -22.8%
PRU Prudential Financial Inc. 0.06% 8,550 $887K Add +72.8%
MDLZ Mondelez International Inc. Class A 0.06% 14,187 $886K Reduce -11.6%
LLY Eli Lilly & Co. 0.06% 1,153 $880K Add +9.5%
YUM Yum! Brands Inc. 0.06% 5,766 $876K Reduce -13.1%
UL Unilever PLC 0.06% 14,678 $870K Add +13.9%
PYPL PayPal Holdings Inc. 0.06% 12,909 $866K Reduce -25.7%
AFL Aflac Inc. 0.06% 7,660 $856K New
FICO Fair Isaac Corp. 0.06% 561 $840K Add +2.6%
AME Ametek Inc. 0.06% 4,378 $823K Reduce -16.8%
IDXX Idexx Laboratories Inc. 0.06% 1,251 $799K Reduce -26.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.06% 22,528 $774K Reduce -0.7%
FTNT Fortinet Inc. 0.05% 9,063 $762K Reduce -14.5%
DAL Delta Air Lines Inc. 0.05% 13,272 $753K Reduce -22.9%
OTIS Otis Worldwide Corp. 0.05% 8,234 $753K Reduce -13.6%
A Agilent Technologies Inc. 0.05% 5,778 $742K Reduce -20.8%
ACGL Arch Capital Group Ltd. 0.05% 8,028 $728K Reduce -3.0%
FDX FedEx Corp. 0.05% 3,084 $727K New
ADSK Autodesk Inc. 0.05% 2,266 $720K Reduce -19.8%
SNPS Synopsys Inc. 0.05% 1,456 $718K Reduce -24.6%
HIG Hartford Insurance Group Inc. 0.05% 5,377 $717K Reduce -11.6%
CHTR Charter Communications Inc. Class A 0.05% 2,603 $716K Reduce -17.9%
EW Edwards Lifesciences Corp. 0.05% 9,103 $708K Reduce -13.7%
GEHC GE Healthcare Technology 0.05% 9,309 $699K Reduce -19.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.05% 731 $697K Reduce -13.5%
LEN Lennar Corp. Class A 0.05% 5,441 $686K Reduce -19.5%
WHR Whirlpool Corp. 0.05% 8,681 $682K Reduce -8.6%
CCL Carnival Corp. 0.05% 23,123 $668K Reduce -33.5%
EBAY eBay Inc. 0.05% 7,269 $661K Reduce -19.6%
HSY The Hershey Co. 0.05% 3,534 $661K Reduce -12.5%
CTSH Cognizant Tech Solutions-A 0.05% 9,791 $657K Reduce -10.8%
IQV Iqvia Holdings Inc. 0.05% 3,448 $655K Reduce -23.0%
RJF Raymond James Financial Inc. 0.05% 3,763 $649K Reduce -24.7%
EQT Eqt Corp. 0.05% 11,768 $641K Reduce -13.7%
UAL United Airlines Holdings Inc. 0.05% 6,602 $637K Reduce -24.4%
CBOE Cboe Global Markets Inc. 0.04% 2,578 $632K Reduce -9.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.04% 19,231 $627K Reduce -9.9%
MTB M & T Bank Corp. filed as M & T BK CORP 0.04% 3,136 $620K Reduce -23.8%
FIX Comfort Systems USA Inc. 0.04% 751 $620K Reduce -13.3%
NUE Nucor Corp. 0.04% 4,560 $618K Reduce -22.8%
EME Emcor Group Inc. 0.04% 936 $608K Reduce -17.2%
SMCI Super Micro Computer Inc. 0.04% 12,512 $600K Reduce -14.3%
FOXA Fox Corp. Class A 0.04% 9,460 $597K Reduce -15.7%
QSR Restaurant Brands Intern 0.04% 9,261 $594K New
CNC Centene Corp. 0.04% 16,498 $589K Add +38.8%
FITB Fifth Third Bancorp 0.04% 13,119 $584K Reduce -23.2%
EFX Equifax Inc. 0.04% 2,212 $567K Reduce -14.1%
ADM Archer-Daniels-Midland Co. 0.04% 9,449 $564K Reduce -19.8%
VRSN Verisign Inc. 0.04% 2,016 $564K Reduce -21.7%
GIS General Mills Inc. 0.04% 11,079 $559K Add +7.4%
EXPE Expedia Group Inc. 0.04% 2,595 $555K Reduce -22.5%
VLTO Veralto Corp. 0.04% 5,090 $543K Reduce -15.7%
SYF Synchrony Financial 0.04% 7,604 $540K Reduce -25.9%
PHM Pultegroup Inc. 0.04% 4,035 $533K Reduce -20.8%
ZM Zoom Communications Inc. 0.04% 6,375 $526K Reduce -14.2%
LPLA LPL Financial Holdings Inc. 0.04% 1,573 $523K Reduce -16.6%
MTD Mettler-Toledo International 0.04% 424 $521K Reduce -22.3%
ULTA Ulta Beauty Inc. 0.04% 933 $510K Reduce -18.9%
NTAP Netapp Inc. 0.04% 4,172 $494K Reduce -17.2%
GDDY GoDaddy Inc. Class A 0.03% 3,584 $490K Add +10.8%
LDOS Leidos Holdings Inc. 0.03% 2,574 $486K Reduce -16.4%
PPG PPG Industries Inc. 0.03% 4,555 $479K Reduce -21.8%
WSM Williams-Sonoma Inc. 0.03% 2,429 $475K New
NVR NVR Inc. 0.03% 59 $474K Reduce -20.3%
FCNCA First Citizens Bcshs Class A 0.03% 264 $472K Reduce -26.3%
DOV Dover Corp. 0.03% 2,782 $464K New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 4,451 $457K Reduce -21.9%
DG Dollar General Corp. 0.03% 4,344 $449K Reduce -14.7%
FLEX Flex Ltd. 0.03% 7,702 $446K New
CHD Church & Dwight Co. Inc. 0.03% 5,082 $445K New
LULU Lululemon Athletica Inc. 0.03% 2,500 $445K Reduce -28.8%
L Loews Corp. 0.03% 4,404 $442K Reduce -16.2%
FSLR First Solar Inc. 0.03% 1,995 $440K Reduce -13.3%
CIEN Ciena Corp. 0.03% 3,003 $437K Reduce -15.5%
IT Gartner Inc. 0.03% 1,644 $432K Reduce -12.3%
CDW CDW Corp. 0.03% 2,690 $428K Reduce -16.5%
HAL Halliburton Co. 0.03% 16,946 $417K Reduce -25.8%
GPN Global Payments Inc. 0.03% 5,005 $416K New
THC Tenet Healthcare Corp. 0.03% 2,008 $408K Reduce -14.1%
ON On Semiconductor 0.03% 8,194 $404K Reduce -23.2%
BIIB Biogen Inc. 0.03% 2,878 $403K Reduce -22.3%
ZBH Zimmer Biomet Holdings Inc. 0.03% 4,040 $398K Reduce -17.3%
TRMB Trimble Inc. 0.03% 4,866 $397K New
GPC Genuine Parts Co. 0.03% 2,783 $386K Reduce -19.8%
UTHR United Therapeutics Corp. 0.03% 919 $385K Reduce -15.9%
FFIV F5 Inc. 0.03% 1,190 $385K Reduce -17.3%
PFG Principal Financial Group 0.03% 4,595 $381K New
ALLE Allegion PLC 0.03% 2,146 $381K Reduce -14.9%
LII Lennox International Inc. 0.03% 716 $379K Reduce -19.3%
WAT Waters Corp. 0.03% 1,238 $371K Reduce -18.6%
CRBG Corebridge Financial Inc. 0.03% 11,525 $369K Reduce -21.0%
SNA Snap-on Inc. 0.03% 1,063 $368K Reduce -19.5%
PNR Pentair PLC 0.03% 3,313 $367K Reduce -21.3%
DKS Dick's Sporting Goods Inc. 0.03% 1,584 $352K New
FTV Fortive Corp. 0.02% 6,933 $340K Reduce -20.2%
PFGC Performance Food Group Co. 0.02% 3,184 $331K Reduce -17.2%
EQH Equitable Holdings Inc. 0.02% 6,405 $325K Reduce -17.3%
BSY Bentley Systems Inc. Class B 0.02% 6,225 $320K Reduce -11.6%
OMC Omnicom Group 0.02% 3,911 $319K Reduce -23.7%
HOLX Hologic Inc. 0.02% 4,697 $317K Reduce -18.2%
DOW Dow Inc. 0.02% 13,683 $314K Reduce -18.6%
TXT Textron Inc. 0.02% 3,703 $313K Reduce -19.9%
BBY Best Buy Co. Inc. 0.02% 4,113 $311K Reduce -30.2%
DPZ Domino's Pizza Inc. 0.02% 718 $310K Reduce -11.4%
ZBRA Zebra Technologies Corp. Class A 0.02% 1,039 $309K New
MEDP Medpace Holdings Inc. 0.02% 596 $306K Reduce -22.1%
DECK Deckers Outdoor Corp. 0.02% 3,020 $306K Reduce -26.1%
WPC WP Carey Inc. 0.02% 4,517 $305K New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.02% 3,372 $302K Reduce -19.1%
MAS Masco Corp. 0.02% 4,248 $299K Reduce -24.1%
UNM Unum Group 0.02% 3,665 $285K Reduce -17.2%
EWBC East West Bancorp Inc. 0.02% 2,670 $284K Reduce -26.6%
SN Sharkninja Inc. 0.02% 2,734 $282K New
BALL Ball Corp. 0.02% 5,579 $281K Reduce -24.4%
FDS Factset Research Systems Inc. 0.02% 975 $279K Reduce -11.7%
TOL Toll Brothers Inc. 0.02% 1,977 $273K Reduce -23.3%
SNX TD Synnex Corp. 0.02% 1,656 $271K Reduce -19.2%
MOH Molina Healthcare Inc. 0.02% 1,408 $269K Add +5.7%
CNA Cna Financial Corp. 0.02% 5,773 $268K Reduce -15.5%
UHS Universal Health Services-B 0.02% 1,309 $268K Reduce -17.3%
DOC Healthpeak Properties Inc. 0.02% 13,893 $266K Reduce -21.3%
RNR Renaissancere Holdings Ltd. 0.02% 1,041 $264K Reduce -11.9%
BLDR Builders Firstsource Inc. 0.02% 2,178 $264K Reduce -23.2%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.02% 2,812 $262K Reduce -10.3%
SOLV Solventum Corp. 0.02% 3,511 $256K Reduce -20.7%
AFG American Financial Group Inc. 0.02% 1,745 $254K New
GL Globe Life Inc. 0.02% 1,777 $254K Reduce -14.8%
BAH Booz Allen Hamilton Holdings 0.02% 2,497 $250K Reduce -13.4%
SCI Service Corp. International 0.02% 2,974 $247K New
BXP BXP Inc. 0.02% 3,305 $246K Reduce -17.3%
PAYC Paycom Software Inc. 0.02% 1,179 $245K Reduce -17.3%
OC Owens Corning 0.02% 1,680 $238K Reduce -22.1%
SWKS Skyworks Solutions Inc. 0.02% 3,073 $237K Reduce -23.9%
AIZ Assurant Inc. 0.02% 1,088 $236K Reduce -13.5%
VTRS Viatris Inc. 0.02% 23,771 $235K Reduce -20.4%
EXEL Exelixis Inc. 0.02% 5,674 $234K Reduce -17.2%
HST Host Hotels & Resorts Inc. 0.02% 13,647 $232K Reduce -23.3%
PAG Penske Automotive Group Inc. 0.02% 1,316 $229K Reduce -21.1%
BG Bunge Global SA 0.02% 2,807 $228K Reduce -12.2%
CCK Crown Holdings Inc. 0.02% 2,338 $226K Reduce -20.9%
ORI Old Republic Intl Corp. 0.02% 5,282 $224K New
MLI Mueller Industries Inc. 0.02% 2,212 $224K New
MOS The Mosaic Co. 0.02% 6,422 $223K Reduce -21.6%
CACI Caci International Inc. Class A 0.02% 445 $222K Reduce -12.8%
BLD Topbuild Corp. 0.02% 561 $219K Reduce -25.8%
AYI Acuity Inc. 0.02% 634 $218K Reduce -19.0%
WMS Advanced Drainage Systems Inc. 0.02% 1,558 $216K Reduce -20.5%
DVA Davita Inc. 0.02% 1,616 $215K Reduce -17.3%
NCLH Norwegian Cruise Line Holdin 0.02% 8,709 $215K Reduce -25.6%
OVV Ovintiv Inc. 0.01% 5,206 $210K Reduce -23.1%
KNSL Kinsale Capital Group Inc. 0.01% 492 $209K Reduce -12.3%
IPG Interpublic Group of Cos Inc. 0.01% 7,481 $209K Reduce -25.0%
CNM Core & Main Inc. Class A 0.01% 3,860 $208K Reduce -19.2%
ACI Albertsons Cos Inc. Class A 0.01% 11,856 $208K Reduce -12.1%
BMRN Biomarin Pharmaceutical Inc. 0.01% 3,826 $207K Reduce -20.7%
ELAN Elanco Animal Health Inc. 0.01% 10,280 $207K New
WCC Wesco International Inc. 0.01% 975 $206K Reduce -20.6%
COKE Coca-Cola Consolidated Inc. 0.01% 1,755 $206K Reduce -15.2%
AM Antero Midstream Corp. 0.01% 10,445 $203K Reduce -12.6%
PPC Pilgrim's Pride Corp. 0.01% 4,924 $201K Reduce -23.9%

Portfolio Sells Q2 2025 → Q3 2025
CVX Chevron Corp. Reduce -92.4% 0.07% −0.73
CE Celanese Corp. Sold out 0.00% −0.60
META Meta Platforms Inc. Class A Reduce -14.5% 2.87% −0.38
PWR Quanta Services Inc. Reduce -29.5% 1.46% −0.36
DIS The Walt Disney Co. Reduce -13.6% 1.71% −0.35
IBM Intl Business Machines Corp. Reduce -12.2% 2.31% −0.33
AMP Ameriprise Financial Inc. Reduce -12.4% 1.54% −0.30
ORCL Oracle Corp. Reduce -31.5% 3.19% −0.29
KDP Keurig Dr Pepper Inc. Reduce -6.3% 0.85% −0.28
IWD iShares Russell 1000 Value E Reduce -74.7% 0.09% −0.24
DRI Darden Restaurants Inc. Reduce -4.9% 1.38% −0.22
SYK Stryker Corp. Reduce -17.2% 0.87% −0.21
WFC Wells Fargo & Co. Sold out 0.00% −0.19
STZ Constellation Brands Inc. Class A Reduce -3.1% 0.87% −0.17
AXP American Express Co. Sold out 0.00% −0.17
WAB Wabtec Corp. Reduce -11.3% 1.27% −0.17
GS Goldman Sachs Group Inc. Sold out 0.00% −0.17
COF Capital One Financial Corp. Sold out 0.00% −0.16
CSCO Cisco Systems Inc. Reduce -8.9% 2.25% −0.16
JPM JPMorgan Chase & Co. Reduce -18.9% 1.75% −0.16
MCK McKesson Corp. Reduce -20.5% 1.01% −0.15
AMAT Applied Materials Inc. Reduce -18.7% 2.57% −0.15
TGT Target Corp. Reduce -6.6% 1.02% −0.14
KLAC KLA Corp. Reduce -23.7% 2.75% −0.13
ADBE Adobe Inc. Reduce -0.5% 2.08% −0.12
ANET Arista Networks Inc. Sold out 0.00% −0.11
CEG Constellation Energy Sold out 0.00% −0.10
RCL Royal Caribbean Cruises Ltd. Sold out 0.00% −0.09
TT Trane Technologies PLC Sold out 0.00% −0.09
DHR Danaher Corp. Reduce -14.2% 0.79% −0.09
MA Mastercard Inc. Class A Reduce -9.5% 1.82% −0.09
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.08
PH Parker Hannifin Corp. Sold out 0.00% −0.08
VST Vistra Corp. Sold out 0.00% −0.08
V Visa Inc. Class A Reduce -15.3% 0.38% −0.07
BAC Bank of America Corp. Reduce -15.2% 1.69% −0.07
MCHP Microchip Technology Inc. Sold out 0.00% −0.07
CRH CRH PLC Sold out 0.00% −0.07
MNST Monster Beverage Corp. Sold out 0.00% −0.06
EA Electronic Arts Inc. Sold out 0.00% −0.05
BKNG Booking Holdings Inc. Reduce -21.6% 0.13% −0.04
JBL Jabil Inc. Sold out 0.00% −0.04
CVS CVS Health Corp. Reduce -15.4% 0.99% −0.04
CHTR Charter Communications Inc. Class A Reduce -17.9% 0.05% −0.04
DLTR Dollar Tree Inc. Sold out 0.00% −0.04
CRM Salesforce Inc. Reduce -13.5% 0.13% −0.04
GEN Gen Digital Inc. Sold out 0.00% −0.03
ACN Accenture PLC Class A Reduce -0.8% 0.17% −0.03
PYPL PayPal Holdings Inc. Reduce -25.7% 0.06% −0.03
MAR Marriott International Class A Reduce -19.7% 0.10% −0.03

Portfolio Buys Q2 2025 → Q3 2025
MSFT Microsoft Corp. Add +88.8% 4.31% +2.20
STLD Steel Dynamics Inc. Add +1774.0% 0.71% +0.68
VLO Valero Energy Corp. Add +13.8% 1.39% +0.46
COP Conocophillips Add +46.1% 1.20% +0.45
HPQ HP Inc. Add +8.4% 2.35% +0.44
XOM Exxon Mobil Corp. New 0.27% +0.27
UNH Unitedhealth Group Inc. New 0.20% +0.20
VZ Verizon Communications Inc. Add +3.6% 1.98% +0.17
MDT Medtronic PLC New 0.09% +0.09
ADP Automatic Data Processing New 0.08% +0.08
DUK Duke Energy Corp. New 0.07% +0.07
CRH CRH PLC-Sponsored ADR New 0.07% +0.07
PCAR Paccar Inc. Add +96.7% 0.12% +0.06
AFL Aflac Inc. New 0.06% +0.06
FDX FedEx Corp. New 0.05% +0.05
QSR Restaurant Brands Intern New 0.04% +0.04
WSM Williams-Sonoma Inc. New 0.03% +0.03
DOV Dover Corp. New 0.03% +0.03
FLEX Flex Ltd. New 0.03% +0.03
CHD Church & Dwight Co. Inc. New 0.03% +0.03
GPN Global Payments Inc. New 0.03% +0.03
TRMB Trimble Inc. New 0.03% +0.03
PFG Principal Financial Group New 0.03% +0.03
PRU Prudential Financial Inc. Add +72.8% 0.06% +0.03
VSLU Applied Finance Valuat ETF Add +0.3% 0.22% +0.03
DKS Dick's Sporting Goods Inc. New 0.03% +0.03
ZBRA Zebra Technologies Corp. Class A New 0.02% +0.02
OHI Omega Healthcare Investors Add +17.6% 0.08% +0.02
WPC WP Carey Inc. New 0.02% +0.02
SN Sharkninja Inc. New 0.02% +0.02
SRE Sempra Add +6.9% 0.08% +0.02
AFG American Financial Group Inc. New 0.02% +0.02
SCI Service Corp. International New 0.02% +0.02
MLI Mueller Industries Inc. New 0.02% +0.02
ORI Old Republic Intl Corp. New 0.02% +0.02
HD Home Depot Inc. Add +11.4% 0.07% +0.02
ELAN Elanco Animal Health Inc. New 0.01% +0.01
RTX RTX Corp. Add +3.4% 0.08% +0.01
TAP Molson Coors Beverage Co. Class B Add +27.4% 0.07% +0.01
UL Unilever PLC Add +13.9% 0.06% +0.01
ABT Abbott Laboratories Add +9.4% 0.07% +0.01
NVS Novartis AG-Sponsored ADR Add +0.8% 0.07% +0.01
LLY Eli Lilly & Co. Add +9.5% 0.06% +0.01
AON Aon PLC Class A Add +0.6% 0.10% +0.00
GIS General Mills Inc. Add +7.4% 0.04% +0.00
INGR Ingredion Inc. Add +4.0% 0.07% −0.00
CNC Centene Corp. Add +38.8% 0.04% −0.00
GDDY GoDaddy Inc. Class A Add +10.8% 0.03% −0.01
ELV Elevance Health Inc. Add +7.5% 0.07% −0.01
MOH Molina Healthcare Inc. Add +5.7% 0.02% −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