Applied Finance Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Applied Finance Capital Management, LLC reported 225 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 4.8% of the portfolio, followed by Microsoft (MSFT, 4.1%) and Alphabet Class A (GOOGL, 3.8%). Compared with Q3 2025, it opened 33 new positions, sold out of 88, added to 78 and reduced 114. The biggest buy was iShares Russell 1000 Value E (IWD, shares +1433%) and the biggest sale Oracle (ORCL, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001966007
- Portfolio Value
- $1.4B (Q4 2025)
- SEC Filing
- 0001398344-26-002284 ↗ filed Feb 5, 2026
Holdings Value
Holdings 225 stocks · $1.4B
| AAPL Apple Inc. | 4.81% | 246,884 | $67.1M | Reduce -2.3% |
| MSFT Microsoft Corp. | 4.06% | 117,205 | $56.7M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 3.84% | 171,116 | $53.6M | Reduce -25.9% |
| AMAT Applied Materials Inc. | 3.02% | 164,210 | $42.2M | Reduce -7.0% |
| CSCO Cisco Systems Inc. | 2.83% | 512,168 | $39.5M | Add +10.6% |
| KLAC KLA Corp. | 2.75% | 31,583 | $38.4M | Reduce -12.1% |
| META Meta Platforms Inc. Class A | 2.69% | 56,992 | $37.6M | Add +3.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.50% | 117,968 | $34.9M | Add +2.3% |
| ADBE Adobe Inc. | 2.33% | 92,754 | $32.5M | Add +12.1% |
| NVDA Nvidia Corp. | 2.31% | 173,311 | $32.3M | Reduce -0.0% |
| MA Mastercard Inc. Class A | 2.29% | 56,014 | $32.0M | Add +24.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.89% | 231,511 | $26.3M | Add +10.1% |
| HPQ HP Inc. | 1.85% | 1,159,712 | $25.8M | Reduce -4.7% |
| ROP Roper Technologies Inc. | 1.83% | 57,542 | $25.6M | Add +9.1% |
| VZ Verizon Communications Inc. | 1.82% | 624,377 | $25.4M | Reduce -1.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.72% | 437,260 | $24.0M | Reduce -5.2% |
| LOW Lowe's Cos Inc. | 1.70% | 98,638 | $23.8M | Add +2.6% |
| JPM JPMorgan Chase & Co. | 1.69% | 73,371 | $23.6M | Reduce -5.8% |
| TRV The Travelers Cos Inc. | 1.68% | 81,003 | $23.5M | Reduce -3.9% |
| CMI Cummins Inc. | 1.67% | 45,744 | $23.4M | Reduce -18.8% |
| ORCL Oracle Corp. | 1.66% | 118,595 | $23.1M | Reduce -25.8% |
| AMP Ameriprise Financial Inc. | 1.61% | 45,741 | $22.4M | Add +3.8% |
| CBRE CBRE Group Inc. Class A | 1.47% | 127,540 | $20.5M | Reduce -14.0% |
| IWD iShares Russell 1000 Value E | 1.46% | 97,035 | $20.4M | Add +1432.7% |
| DRI Darden Restaurants Inc. | 1.45% | 110,268 | $20.3M | Add +8.3% |
| MET Metlife Inc. | 1.43% | 252,383 | $19.9M | Reduce -5.2% |
| APTV Aptiv PLC | 1.41% | 258,638 | $19.7M | Reduce -12.2% |
| DHI D.R. Horton Inc. | 1.40% | 136,040 | $19.6M | Reduce -17.5% |
| MRK Merck & Co. Inc. | 1.38% | 183,564 | $19.3M | Add +3.0% |
| WAB Wabtec Corp. | 1.37% | 89,664 | $19.1M | Add +0.3% |
| PWR Quanta Services Inc. | 1.33% | 44,151 | $18.6M | Reduce -11.0% |
| UNP Union Pacific Corp. | 1.33% | 80,349 | $18.6M | Add +1.7% |
| LKQ LKQ Corp. | 1.29% | 596,682 | $18.0M | Add +11.3% |
| URI United Rentals Inc. | 1.20% | 20,745 | $16.8M | Reduce -15.8% |
| COP Conocophillips | 1.19% | 176,789 | $16.5M | Reduce -0.9% |
| TGT Target Corp. | 1.15% | 164,683 | $16.1M | Add +3.0% |
| GOOG Alphabet Inc. Class C | 1.12% | 50,000 | $15.7M | New |
| VLO Valero Energy Corp. | 1.09% | 93,338 | $15.2M | Reduce -19.0% |
| MCK McKesson Corp. | 1.06% | 18,078 | $14.8M | Reduce -1.4% |
| REGN Regeneron Pharmaceuticals | 1.05% | 19,081 | $14.7M | Reduce -14.1% |
| KDP Keurig Dr Pepper Inc. | 1.04% | 520,395 | $14.6M | Add +10.6% |
| TSN Tyson Foods Inc. Class A | 1.03% | 246,148 | $14.4M | Reduce -4.7% |
| TMO Thermo Fisher Scientific Inc. | 1.01% | 24,383 | $14.1M | Reduce -17.3% |
| INCY Incyte Corp. | 0.99% | 140,321 | $13.9M | Reduce -20.9% |
| STZ Constellation Brands Inc. Class A | 0.95% | 96,472 | $13.3M | Add +6.7% |
| CVS CVS Health Corp. | 0.89% | 155,748 | $12.4M | Reduce -15.5% |
| V Visa Inc. Class A | 0.87% | 34,775 | $12.2M | Add +123.6% |
| DHR Danaher Corp. | 0.85% | 51,954 | $11.9M | Reduce -7.9% |
| PEG Public Service Enterprise GP | 0.81% | 140,310 | $11.3M | Reduce -2.3% |
| STLD Steel Dynamics Inc. | 0.78% | 64,220 | $10.9M | Reduce -10.6% |
| AVGO Broadcom Inc. | 0.78% | 31,385 | $10.9M | Reduce -9.9% |
| FISV Fiserv Inc. | 0.75% | 156,783 | $10.5M | Add +28.2% |
| SYK Stryker Corp. | 0.75% | 29,742 | $10.5M | Reduce -10.1% |
| DTE DTE Energy Company | 0.75% | 80,746 | $10.4M | Reduce -3.9% |
| SHW The Sherwin-Williams Co. | 0.68% | 29,274 | $9.5M | Add +3.1% |
| JNJ Johnson & Johnson | 0.57% | 38,625 | $8.0M | Add +41.9% |
| ABBV Abbvie Inc. | 0.49% | 29,894 | $6.8M | Add +44.7% |
| BKNG Booking Holdings Inc. | 0.38% | 998 | $5.3M | Add +192.7% |
| MAR Marriott International Class A | 0.25% | 11,078 | $3.4M | Add +104.9% |
| ACN Accenture PLC Class A | 0.25% | 12,757 | $3.4M | Add +34.3% |
| ORLY O'reilly Automotive Inc. | 0.24% | 36,811 | $3.4M | Add +114.4% |
| VSLU Applied Finance Valuat ETF | 0.22% | 70,827 | $3.1M | Reduce -1.1% |
| AMGN Amgen Inc. | 0.22% | 9,246 | $3.0M | Add +49.7% |
| HLT Hilton Worldwide Holdings Inc. | 0.21% | 10,282 | $3.0M | Add +96.7% |
| CAT Caterpillar Inc. | 0.21% | 5,081 | $2.9M | Add +18.2% |
| UNH Unitedhealth Group Inc. | 0.20% | 8,262 | $2.7M | Add +0.8% |
| GILD Gilead Sciences Inc. | 0.18% | 21,044 | $2.6M | Add +39.9% |
| AZO AutoZone Inc. | 0.18% | 735 | $2.5M | Add +109.4% |
| PGR Progressive Corp. | 0.15% | 9,461 | $2.2M | Add +54.5% |
| LNG Cheniere Energy Inc. | 0.15% | 10,693 | $2.1M | Add +150.8% |
| LRCX Lam Research Corp. | 0.13% | 11,005 | $1.9M | Reduce -26.7% |
| SO The Southern Co. | 0.13% | 20,754 | $1.8M | Add +77.8% |
| YUM Yum! Brands Inc. | 0.13% | 11,551 | $1.7M | Add +100.3% |
| EOG EOG Resources Inc. | 0.12% | 15,951 | $1.7M | Add +96.8% |
| NSC Norfolk Southern Corp. | 0.12% | 5,781 | $1.7M | Reduce -17.6% |
| HCA HCA Healthcare Inc. | 0.11% | 3,350 | $1.6M | Reduce -1.5% |
| COR Cencora Inc. | 0.11% | 4,556 | $1.5M | Add +9.1% |
| PCAR Paccar Inc. | 0.11% | 13,723 | $1.5M | Reduce -18.6% |
| MDLZ Mondelez International Inc. Class A | 0.10% | 27,181 | $1.5M | Add +91.6% |
| TMUS T-Mobile US Inc. | 0.10% | 7,141 | $1.4M | Reduce -26.6% |
| UGI Ugi Corp. | 0.10% | 38,617 | $1.4M | Add +27.6% |
| MCO Moody's Corp. | 0.10% | 2,707 | $1.4M | Add +17.0% |
| QCOM Qualcomm Inc. | 0.10% | 8,058 | $1.4M | Reduce -19.7% |
| DE Deere & Co. | 0.09% | 2,691 | $1.3M | New |
| LLY Eli Lilly & Co. | 0.09% | 1,125 | $1.2M | Reduce -2.4% |
| PH Parker Hannifin Corp. | 0.09% | 1,370 | $1.2M | New |
| INTU Intuit Inc. | 0.08% | 1,786 | $1.2M | New |
| DELL Dell Technologies -C | 0.08% | 9,382 | $1.2M | Reduce -11.8% |
| RTX RTX Corp. | 0.08% | 6,188 | $1.1M | Reduce -4.1% |
| OTIS Otis Worldwide Corp. | 0.08% | 12,948 | $1.1M | Add +57.3% |
| CRM Salesforce Inc. | 0.08% | 4,219 | $1.1M | Reduce -45.2% |
| ADP Automatic Data Processing | 0.08% | 4,244 | $1.1M | Add +10.4% |
| OHI Omega Healthcare Investors | 0.08% | 24,530 | $1.1M | Reduce -2.0% |
| STT State Street Corp. | 0.08% | 8,404 | $1.1M | Reduce -2.0% |
| NRG NRG Energy Inc. | 0.08% | 6,785 | $1.1M | New |
| AMT American Tower Corp. | 0.08% | 6,138 | $1.1M | New |
| CSX CSX Corp. | 0.08% | 28,943 | $1.0M | Reduce -6.1% |
| PFE Pfizer Inc. | 0.07% | 41,912 | $1.0M | Reduce -32.5% |
| CMCSA Comcast Corp. Class A | 0.07% | 34,148 | $1.0M | Reduce -25.5% |
| TFC Truist Financial Corp. | 0.07% | 20,673 | $1.0M | Reduce -0.2% |
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -25.8% | 1.66% | −1.54 |
| DHI D.R. Horton Inc. | Reduce -17.5% | 1.40% | −0.58 |
| HPQ HP Inc. | Reduce -4.7% | 1.85% | −0.50 |
| URI United Rentals Inc. | Reduce -15.8% | 1.20% | −0.47 |
| APTV Aptiv PLC | Reduce -12.2% | 1.41% | −0.40 |
| VLO Valero Energy Corp. | Reduce -19.0% | 1.09% | −0.31 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.27 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.20 |
| CBRE CBRE Group Inc. Class A | Reduce -14.0% | 1.47% | −0.19 |
| VZ Verizon Communications Inc. | Reduce -1.4% | 1.82% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -25.9% | 3.84% | −0.15 |
| MET Metlife Inc. | Reduce -5.2% | 1.43% | −0.13 |
| PWR Quanta Services Inc. | Reduce -11.0% | 1.33% | −0.13 |
| SYK Stryker Corp. | Reduce -10.1% | 0.75% | −0.12 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.10 |
| CVS CVS Health Corp. | Reduce -15.5% | 0.89% | −0.10 |
| DTE DTE Energy Company | Reduce -3.9% | 0.75% | −0.10 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.09 |
| T AT&T Inc. | Reduce -54.6% | 0.05% | −0.08 |
| INCY Incyte Corp. | Reduce -20.9% | 0.99% | −0.08 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.08 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.07 |
| CRH CRH PLC-Sponsored ADR | Sold out | 0.00% | −0.07 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.07 |
| USB US Bancorp | Sold out | 0.00% | −0.07 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.06 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.06 |
| PNC PNC Financial Services Group | Reduce -49.1% | 0.07% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -26.6% | 0.10% | −0.06 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.06 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -5.8% | 1.69% | −0.05 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.05 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.05 |
| CRM Salesforce Inc. | Reduce -45.2% | 0.08% | −0.05 |
| EBAY eBay Inc. | Sold out | 0.00% | −0.05 |
| RJF Raymond James Financial Inc. | Sold out | 0.00% | −0.05 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.05 |
| PEG Public Service Enterprise GP | Reduce -2.3% | 0.81% | −0.04 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.04 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.04 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.04 |
| FOXA Fox Corp. Class A | Sold out | 0.00% | −0.04 |
| CNC Centene Corp. | Sold out | 0.00% | −0.04 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.04 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Reduce -9.9% | 0.78% | −0.04 |
| CB Chubb Ltd. | Reduce -49.4% | 0.05% | −0.04 |
| AFL Aflac Inc. | Reduce -62.7% | 0.02% | −0.04 |
| PFE Pfizer Inc. | Reduce -32.5% | 0.07% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| IWD iShares Russell 1000 Value E | Add +1432.7% | 1.46% | +1.37 |
| GOOG Alphabet Inc. Class C | New | 1.12% | +1.12 |
| CSCO Cisco Systems Inc. | Add +10.6% | 2.83% | +0.57 |
| V Visa Inc. Class A | Add +123.6% | 0.87% | +0.50 |
| MA Mastercard Inc. Class A | Add +24.1% | 2.29% | +0.47 |
| MRK Merck & Co. Inc. | Add +3.0% | 1.38% | +0.32 |
| BKNG Booking Holdings Inc. | Add +192.7% | 0.38% | +0.25 |
| ADBE Adobe Inc. | Add +12.1% | 2.33% | +0.25 |
| JNJ Johnson & Johnson | Add +41.9% | 0.57% | +0.21 |
| IBM Intl Business Machines Corp. | Add +2.3% | 2.50% | +0.19 |
| KDP Keurig Dr Pepper Inc. | Add +10.6% | 1.04% | +0.19 |
| DIS The Walt Disney Co. | Add +10.1% | 1.89% | +0.18 |
| ABBV Abbvie Inc. | Add +44.7% | 0.49% | +0.15 |
| MAR Marriott International Class A | Add +104.9% | 0.25% | +0.15 |
| TGT Target Corp. | Add +3.0% | 1.15% | +0.13 |
| LKQ LKQ Corp. | Add +11.3% | 1.29% | +0.13 |
| HLT Hilton Worldwide Holdings Inc. | Add +96.7% | 0.21% | +0.12 |
| ORLY O'reilly Automotive Inc. | Add +114.4% | 0.24% | +0.11 |
| WAB Wabtec Corp. | Add +0.3% | 1.37% | +0.10 |
| AMGN Amgen Inc. | Add +49.7% | 0.22% | +0.09 |
| DE Deere & Co. | New | 0.09% | +0.09 |
| STZ Constellation Brands Inc. Class A | Add +6.7% | 0.95% | +0.09 |
| PH Parker Hannifin Corp. | New | 0.09% | +0.09 |
| INTU Intuit Inc. | New | 0.08% | +0.08 |
| ACN Accenture PLC Class A | Add +34.3% | 0.25% | +0.08 |
| LNG Cheniere Energy Inc. | Add +150.8% | 0.15% | +0.08 |
| NRG NRG Energy Inc. | New | 0.08% | +0.08 |
| AMT American Tower Corp. | New | 0.08% | +0.08 |
| DRI Darden Restaurants Inc. | Add +8.3% | 1.45% | +0.08 |
| AZO AutoZone Inc. | Add +109.4% | 0.18% | +0.07 |
| KR Kroger Co. | New | 0.07% | +0.07 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| AMP Ameriprise Financial Inc. | Add +3.8% | 1.61% | +0.07 |
| GILD Gilead Sciences Inc. | Add +39.9% | 0.18% | +0.07 |
| FLUT Flutter Entertainment PLC-Di | New | 0.07% | +0.07 |
| TT Trane Technologies PLC | New | 0.07% | +0.07 |
| YUM Yum! Brands Inc. | Add +100.3% | 0.13% | +0.06 |
| CAT Caterpillar Inc. | Add +18.2% | 0.21% | +0.06 |
| FCX Freeport-McMoran Inc. | New | 0.06% | +0.06 |
| ANET Arista Networks Inc. | New | 0.06% | +0.06 |
| EOG EOG Resources Inc. | Add +96.8% | 0.12% | +0.06 |
| ICE Intercontinental Exchange Inc. | New | 0.05% | +0.05 |
| SO The Southern Co. | Add +77.8% | 0.13% | +0.05 |
| PGR Progressive Corp. | Add +54.5% | 0.15% | +0.05 |
| NDAQ Nasdaq Inc. | New | 0.05% | +0.05 |
| MDLZ Mondelez International Inc. Class A | Add +91.6% | 0.10% | +0.04 |
| KVUE Kenvue Inc. | New | 0.04% | +0.04 |
| LULU Lululemon Athletica Inc. | Add +82.2% | 0.07% | +0.04 |
| UGI Ugi Corp. | Add +27.6% | 0.10% | +0.03 |
| KHC The Kraft Heinz Co. | New | 0.03% | +0.03 |
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 |