Applied Finance Capital Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Applied Finance Capital Management, LLC reported 218 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 4.5% of the portfolio, followed by Microsoft (MSFT, 3.5%) and Applied Materials (AMAT, 3.3%). Compared with Q4 2025, it opened 11 new positions, sold out of 18, added to 116 and reduced 89. The biggest buy was Verizon Communications (VZ, shares +13%) and the biggest sale iShares Russell 1000 Value E (IWD, shares −88%).
- Most Recent 13F
- Q2 2026
- Location
- SAN JUAN, PR
- CIK
- 0001966007
- Portfolio Value
- $1.3B (Q1 2026)
- SEC Filing
- 0001398344-26-008142 ↗ filed May 4, 2026
Holdings Value
Holdings 218 stocks · $1.3B
| AAPL Apple Inc. | 4.49% | 235,931 | $59.9M | Reduce -4.4% |
| MSFT Microsoft Corp. | 3.50% | 126,019 | $46.6M | Add +7.5% |
| AMAT Applied Materials Inc. | 3.31% | 129,143 | $44.1M | Reduce -21.4% |
| GOOGL Alphabet Inc. Class A | 3.01% | 139,628 | $40.2M | Reduce -18.4% |
| KLAC KLA Corp. | 2.99% | 27,026 | $39.8M | Reduce -14.4% |
| META Meta Platforms Inc. Class A | 2.84% | 66,114 | $37.8M | Add +16.0% |
| CSCO Cisco Systems Inc. | 2.68% | 459,371 | $35.6M | Reduce -10.3% |
| VZ Verizon Communications Inc. | 2.67% | 708,600 | $35.6M | Add +13.5% |
| MA Mastercard Inc. Class A | 2.20% | 58,662 | $29.3M | Add +4.7% |
| HPQ HP Inc. | 2.04% | 1,414,983 | $27.2M | Add +22.0% |
| NVDA Nvidia Corp. | 2.03% | 154,927 | $27.0M | Reduce -10.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.97% | 108,225 | $26.2M | Reduce -8.3% |
| ADBE Adobe Inc. | 1.83% | 100,063 | $24.3M | Add +7.9% |
| ROP Roper Technologies Inc. | 1.82% | 68,589 | $24.3M | Add +19.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.77% | 244,025 | $23.5M | Add +5.4% |
| COP Conocophillips | 1.74% | 175,135 | $23.1M | Reduce -0.9% |
| LOW Lowe's Cos Inc. | 1.73% | 97,776 | $23.1M | Reduce -0.9% |
| TRV The Travelers Cos Inc. | 1.73% | 79,098 | $23.1M | Reduce -2.4% |
| ORCL Oracle Corp. | 1.72% | 155,918 | $22.9M | Add +31.5% |
| VLO Valero Energy Corp. | 1.67% | 89,847 | $22.2M | Reduce -3.7% |
| PWR Quanta Services Inc. | 1.66% | 40,190 | $22.1M | Reduce -9.0% |
| DRI Darden Restaurants Inc. | 1.64% | 111,515 | $21.9M | Add +1.1% |
| MRK Merck & Co. Inc. | 1.62% | 178,906 | $21.5M | Reduce -2.5% |
| WAB Wabtec Corp. | 1.54% | 82,039 | $20.5M | Reduce -8.5% |
| JPM JPMorgan Chase & Co. | 1.51% | 68,385 | $20.1M | Reduce -6.8% |
| AMP Ameriprise Financial Inc. | 1.51% | 45,254 | $20.1M | Reduce -1.1% |
| DHI D.R. Horton Inc. | 1.49% | 144,836 | $19.9M | Add +6.5% |
| UNP Union Pacific Corp. | 1.46% | 80,409 | $19.5M | Add +0.1% |
| CMI Cummins Inc. | 1.46% | 36,191 | $19.5M | Reduce -20.9% |
| LKQ LKQ Corp. | 1.46% | 662,216 | $19.4M | Add +11.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.44% | 394,097 | $19.2M | Reduce -9.9% |
| TGT Target Corp. | 1.42% | 155,566 | $18.9M | Reduce -5.5% |
| APTV Aptiv PLC | 1.40% | 269,134 | $18.7M | Add +4.1% |
| MET Metlife Inc. | 1.34% | 251,732 | $17.8M | Reduce -0.3% |
| AVGO Broadcom Inc. | 1.19% | 51,271 | $15.9M | Add +63.4% |
| FISV Fiserv Inc. | 1.19% | 284,125 | $15.9M | Add +81.2% |
| URI United Rentals Inc. | 1.19% | 21,721 | $15.8M | Add +4.7% |
| MCK McKesson Corp. | 1.15% | 17,759 | $15.4M | Reduce -1.8% |
| CBRE CBRE Group Inc. Class A | 1.15% | 112,905 | $15.3M | Reduce -11.5% |
| STZ Constellation Brands Inc. Class A | 1.11% | 98,960 | $14.8M | Add +2.6% |
| TSN Tyson Foods Inc. Class A | 1.10% | 229,489 | $14.7M | Reduce -6.8% |
| KDP Keurig Dr Pepper Inc. | 0.99% | 500,708 | $13.2M | Reduce -3.8% |
| REGN Regeneron Pharmaceuticals | 0.98% | 16,835 | $13.0M | Reduce -11.8% |
| V Visa Inc. Class A | 0.90% | 39,763 | $12.0M | Add +14.3% |
| INCY Incyte Corp. | 0.89% | 126,406 | $11.9M | Reduce -9.9% |
| SYK Stryker Corp. | 0.88% | 35,637 | $11.7M | Add +19.8% |
| DTE DTE Energy Company | 0.88% | 79,776 | $11.7M | Reduce -1.2% |
| TMO Thermo Fisher Scientific Inc. | 0.86% | 23,356 | $11.5M | Reduce -4.2% |
| GOOG Alphabet Inc. Class C | 0.86% | 40,000 | $11.5M | Reduce -20.0% |
| CVS CVS Health Corp. | 0.85% | 157,481 | $11.3M | Add +1.1% |
| PEG Public Service Enterprise GP | 0.85% | 139,338 | $11.3M | Reduce -0.7% |
| STLD Steel Dynamics Inc. | 0.75% | 55,432 | $10.0M | Reduce -13.7% |
| SHW The Sherwin-Williams Co. | 0.74% | 30,607 | $9.8M | Add +4.5% |
| DHR Danaher Corp. | 0.73% | 51,389 | $9.7M | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.68% | 37,175 | $9.1M | Reduce -3.8% |
| ABBV Abbvie Inc. | 0.49% | 30,071 | $6.5M | Add +0.6% |
| BKNG Booking Holdings Inc. | 0.34% | 1,080 | $4.5M | Add +8.2% |
| MAR Marriott International Class A | 0.29% | 11,707 | $3.8M | Add +5.7% |
| LNG Cheniere Energy Inc. | 0.28% | 13,118 | $3.7M | Add +22.7% |
| ORLY O'reilly Automotive Inc. | 0.26% | 37,568 | $3.5M | Add +2.1% |
| AMGN Amgen Inc. | 0.24% | 9,033 | $3.2M | Reduce -2.3% |
| MU Micron Technology Inc. | 0.24% | 9,348 | $3.2M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.24% | 10,376 | $3.2M | Add +0.9% |
| VSLU Applied Finance Valuat ETF | 0.22% | 70,827 | $3.0M | No change |
| GILD Gilead Sciences Inc. | 0.21% | 20,287 | $2.8M | Reduce -3.6% |
| UNH Unitedhealth Group Inc. | 0.18% | 9,038 | $2.4M | Add +9.4% |
| PGR Progressive Corp. | 0.18% | 12,115 | $2.4M | Add +28.1% |
| IWD iShares Russell 1000 Value E | 0.18% | 11,205 | $2.4M | Reduce -88.5% |
| EOG EOG Resources Inc. | 0.16% | 15,033 | $2.2M | Reduce -5.8% |
| LYB Lyondellbasell Indu Class A | 0.16% | 25,947 | $2.1M | Add +19.5% |
| MDLZ Mondelez International Inc. Class A | 0.14% | 33,132 | $1.9M | Add +21.9% |
| TMUS T-Mobile US Inc. | 0.14% | 9,007 | $1.9M | Add +26.1% |
| LRCX Lam Research Corp. | 0.14% | 8,809 | $1.9M | Reduce -19.9% |
| ACN Accenture PLC Class A | 0.14% | 9,437 | $1.9M | Reduce -26.0% |
| SO The Southern Co. | 0.14% | 19,366 | $1.9M | Reduce -6.7% |
| YUM Yum! Brands Inc. | 0.14% | 11,896 | $1.8M | Add +3.0% |
| NSC Norfolk Southern Corp. | 0.13% | 6,066 | $1.7M | Add +4.9% |
| DELL Dell Technologies -C | 0.13% | 10,591 | $1.7M | Add +12.9% |
| AZO AutoZone Inc. | 0.13% | 510 | $1.7M | Reduce -30.6% |
| HCA HCA Healthcare Inc. | 0.11% | 3,193 | $1.5M | Reduce -4.7% |
| TDG Transdigm Group Inc. | 0.11% | 1,274 | $1.5M | New |
| PCAR Paccar Inc. | 0.11% | 12,634 | $1.5M | Reduce -7.9% |
| MPC Marathon Petroleum Corp. | 0.11% | 5,736 | $1.4M | Add +12.3% |
| UGI Ugi Corp. | 0.10% | 37,506 | $1.4M | Reduce -2.9% |
| PFE Pfizer Inc. | 0.10% | 46,635 | $1.3M | Add +11.3% |
| KR Kroger Co. | 0.10% | 17,694 | $1.3M | Add +11.0% |
| NRG NRG Energy Inc. | 0.10% | 8,748 | $1.3M | Add +28.9% |
| MCO Moody's Corp. | 0.10% | 2,905 | $1.3M | Add +7.3% |
| CVX Chevron Corp. | 0.09% | 6,077 | $1.3M | Add +4.1% |
| CSX CSX Corp. | 0.09% | 29,642 | $1.2M | Add +2.4% |
| TT Trane Technologies PLC | 0.09% | 2,886 | $1.2M | Add +23.8% |
| INGR Ingredion Inc. | 0.09% | 10,207 | $1.1M | Add +46.0% |
| PH Parker Hannifin Corp. | 0.09% | 1,269 | $1.1M | Reduce -7.4% |
| NVS Novartis AG-Sponsored ADR | 0.08% | 7,171 | $1.1M | Reduce -2.5% |
| SRE Sempra | 0.08% | 11,270 | $1.1M | Add +8.6% |
| HAS Hasbro Inc. | 0.08% | 11,666 | $1.1M | Reduce -2.9% |
| AMT American Tower Corp. | 0.08% | 6,325 | $1.1M | Add +3.0% |
| HSY The Hershey Co. | 0.08% | 5,236 | $1.1M | Add +9.7% |
| ETN Eaton Corp. PLC | 0.08% | 2,982 | $1.1M | Add +16.9% |
| QCOM Qualcomm Inc. | 0.08% | 8,113 | $1.0M | Add +0.7% |
Portfolio Sells Q4 2025 → Q1 2026
| IWD iShares Russell 1000 Value E | Reduce -88.5% | 0.18% | −1.28 |
| GOOGL Alphabet Inc. Class A | Reduce -18.4% | 3.01% | −0.82 |
| IBM Intl Business Machines Corp. | Reduce -8.3% | 1.97% | −0.53 |
| CBRE CBRE Group Inc. Class A | Reduce -11.5% | 1.15% | −0.32 |
| AAPL Apple Inc. | Reduce -4.4% | 4.49% | −0.31 |
| NVDA Nvidia Corp. | Reduce -10.6% | 2.03% | −0.29 |
| BAC Bank of America Corp. | Reduce -9.9% | 1.44% | −0.28 |
| GOOG Alphabet Inc. Class C | Reduce -20.0% | 0.86% | −0.26 |
| CMI Cummins Inc. | Reduce -20.9% | 1.46% | −0.21 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.21 |
| JPM JPMorgan Chase & Co. | Reduce -6.8% | 1.51% | −0.18 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.2% | 0.86% | −0.15 |
| CSCO Cisco Systems Inc. | Reduce -10.3% | 2.68% | −0.15 |
| DHR Danaher Corp. | Reduce -1.1% | 0.73% | −0.12 |
| COR Cencora Inc. | Sold out | 0.00% | −0.11 |
| ACN Accenture PLC Class A | Reduce -26.0% | 0.14% | −0.10 |
| INCY Incyte Corp. | Reduce -9.9% | 0.89% | −0.10 |
| AMP Ameriprise Financial Inc. | Reduce -1.1% | 1.51% | −0.10 |
| MET Metlife Inc. | Reduce -0.3% | 1.34% | −0.09 |
| DE Deere & Co. | Sold out | 0.00% | −0.09 |
| REGN Regeneron Pharmaceuticals | Reduce -11.8% | 0.98% | −0.08 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.07 |
| KDP Keurig Dr Pepper Inc. | Reduce -3.8% | 0.99% | −0.05 |
| AZO AutoZone Inc. | Reduce -30.6% | 0.13% | −0.05 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.04 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Reduce -11.0% | 0.05% | −0.03 |
| CRM Salesforce Inc. | Reduce -16.6% | 0.05% | −0.03 |
| STLD Steel Dynamics Inc. | Reduce -13.7% | 0.75% | −0.03 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.03 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -16.1% | 0.07% | −0.02 |
| CHDN Churchill Downs Inc. | Sold out | 0.00% | −0.02 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.02 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.02 |
| WAT Waters Corp. | Sold out | 0.00% | −0.02 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.02 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.02 |
| EXPE Expedia Group Inc. | Reduce -19.8% | 0.03% | −0.02 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.01 |
| GEN Gen Digital Inc. | Sold out | 0.00% | −0.01 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.01 |
| IT Gartner Inc. | Reduce -14.1% | 0.02% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -27.7% | 0.02% | −0.01 |
| OMC Omnicom Group | Reduce -34.7% | 0.02% | −0.01 |
| KHC The Kraft Heinz Co. | Reduce -24.6% | 0.02% | −0.01 |
| UAL United Airlines Holdings Inc. | Reduce -13.0% | 0.02% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -27.4% | 0.05% | −0.01 |
| CCL Carnival Corp. | Reduce -5.5% | 0.03% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| VZ Verizon Communications Inc. | Add +13.5% | 2.67% | +0.85 |
| FISV Fiserv Inc. | Add +81.2% | 1.19% | +0.44 |
| AVGO Broadcom Inc. | Add +63.4% | 1.19% | +0.41 |
| MU Micron Technology Inc. | New | 0.24% | +0.24 |
| HPQ HP Inc. | Add +22.0% | 2.04% | +0.19 |
| DRI Darden Restaurants Inc. | Add +1.1% | 1.64% | +0.19 |
| LKQ LKQ Corp. | Add +11.0% | 1.46% | +0.17 |
| STZ Constellation Brands Inc. Class A | Add +2.6% | 1.11% | +0.16 |
| META Meta Platforms Inc. Class A | Add +16.0% | 2.84% | +0.15 |
| UNP Union Pacific Corp. | Add +0.1% | 1.46% | +0.13 |
| LNG Cheniere Energy Inc. | Add +22.7% | 0.28% | +0.13 |
| SYK Stryker Corp. | Add +19.8% | 0.88% | +0.13 |
| TDG Transdigm Group Inc. | New | 0.11% | +0.11 |
| LYB Lyondellbasell Indu Class A | Add +19.5% | 0.16% | +0.09 |
| DHI D.R. Horton Inc. | Add +6.5% | 1.49% | +0.09 |
| ORCL Oracle Corp. | Add +31.5% | 1.72% | +0.07 |
| SHW The Sherwin-Williams Co. | Add +4.5% | 0.74% | +0.06 |
| FERG Ferguson Enterprises Inc. | New | 0.05% | +0.05 |
| DELL Dell Technologies -C | Add +12.9% | 0.13% | +0.05 |
| MPC Marathon Petroleum Corp. | Add +12.3% | 0.11% | +0.05 |
| MAR Marriott International Class A | Add +5.7% | 0.29% | +0.04 |
| VRSN Verisign Inc. | New | 0.04% | +0.04 |
| MDLZ Mondelez International Inc. Class A | Add +21.9% | 0.14% | +0.04 |
| TMUS T-Mobile US Inc. | Add +26.1% | 0.14% | +0.04 |
| INGR Ingredion Inc. | Add +46.0% | 0.09% | +0.03 |
| CVX Chevron Corp. | Add +4.1% | 0.09% | +0.03 |
| BF.B Brown-Forman Corp. Class B | New | 0.03% | +0.03 |
| V Visa Inc. Class A | Add +14.3% | 0.90% | +0.03 |
| PGR Progressive Corp. | Add +28.1% | 0.18% | +0.03 |
| HLT Hilton Worldwide Holdings Inc. | Add +0.9% | 0.24% | +0.03 |
| TT Trane Technologies PLC | Add +23.8% | 0.09% | +0.03 |
| KR Kroger Co. | Add +11.0% | 0.10% | +0.02 |
| PFE Pfizer Inc. | Add +11.3% | 0.10% | +0.02 |
| T AT&T Inc. | Add +15.7% | 0.08% | +0.02 |
| WTW Willis Towers Watson PLC | New | 0.02% | +0.02 |
| ETN Eaton Corp. PLC | Add +16.9% | 0.08% | +0.02 |
| ORLY O'reilly Automotive Inc. | Add +2.1% | 0.26% | +0.02 |
| DVA Davita Inc. | New | 0.02% | +0.02 |
| HSY The Hershey Co. | Add +9.7% | 0.08% | +0.02 |
| NRG NRG Energy Inc. | Add +28.9% | 0.10% | +0.02 |
| CF CF Industries Holdings Inc. | New | 0.02% | +0.02 |
| BG Bunge Global SA | Add +12.7% | 0.04% | +0.02 |
| SRE Sempra | Add +8.6% | 0.08% | +0.02 |
| CSX CSX Corp. | Add +2.4% | 0.09% | +0.02 |
| AR Antero Resources Corp. | New | 0.02% | +0.02 |
| SFM Sprouts Farmers Market Inc. | New | 0.02% | +0.02 |
| CAR Avis Budget Group Inc. | New | 0.02% | +0.02 |
| ICE Intercontinental Exchange Inc. | Add +26.7% | 0.07% | +0.01 |
| NFG National Fuel Gas Co. | Add +43.0% | 0.03% | +0.01 |
| YUM Yum! Brands Inc. | Add +3.0% | 0.14% | +0.01 |
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 |