Arnhold LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Arnhold LLC reported 115 stock positions worth $990.0 million. Its top holding was SPDR Gold Shares (GLD) at 14.8% of the portfolio, followed by iShares Gold Trust (IAU, 10.5%) and AT&T (T, 3.6%). Compared with Q4 2024, it opened 4 new positions, sold out of 6, added to 14 and reduced 20. The biggest buy was Unitedhealth (UNH, shares +8%) and the biggest sale an exit from United States Steel (X).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001733755
Portfolio Value
$990.0M (Q1 2025)
SEC Filing
0001172661-25-001807 ↗ filed May 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $945.0M Q1 2024 Q2 2024: $947.2M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $990.0M $990.0M Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 115 stocks · $990.0M
GLD SPDR Gold Shares 14.78% 507,875 $146.3M Reduce -2.2%
IAU iShares Gold Trust 10.47% 1,757,254 $103.6M No change
T AT&T Inc. 3.64% 1,273,058 $36.0M Reduce -20.7%
GOOGL Alphabet Inc. Class A 3.38% 216,586 $33.5M No change
SLM SLM Corp. 3.03% 1,021,084 $30.0M Reduce -5.7%
KD Kyndryl Holdings Inc. 2.68% 845,815 $26.6M Reduce -4.7%
UNH Unitedhealth Group Inc. 2.54% 48,063 $25.2M Add +7.9%
CSCO Cisco Systems Inc. 2.49% 399,359 $24.6M No change
BMY Bristol-Myers Squibb Co. 2.43% 393,996 $24.0M Reduce -9.5%
COHR Coherent Corp. 2.24% 340,864 $22.1M Add +36.0%
VRT Vertiv Holdings Co. Class A 2.23% 306,217 $22.1M Add +41.2%
GBDC Golub Capital BDC Inc. 2.21% 1,447,589 $21.9M Add +2.5%
AVGO Broadcom Inc. 2.19% 129,719 $21.7M Reduce -5.3%
RTX RTX Corp. 2.09% 156,074 $20.7M No change
BABA Alibaba Group Holding-SP ADR 2.03% 152,130 $20.1M Reduce -20.3%
EG Everest Group Ltd. 1.99% 54,097 $19.7M Add +9.5%
VZ Verizon Communications Inc. 1.91% 417,751 $18.9M Reduce -11.2%
BRK.B Berkshire Hathaway Inc. Class B 1.88% 34,941 $18.6M No change
SONY Sony Group Corp. - SP ADR 1.84% 718,430 $18.2M No change
XPO Xpo Inc. 1.80% 165,739 $17.8M No change
PFE Pfizer Inc. 1.78% 693,482 $17.6M Reduce -8.6%
GM General Motors Co. 1.72% 361,905 $17.0M Reduce -9.2%
SW Smurfit Westrock PLC 1.69% 374,051 $16.8M No change
ONON On Holding AG Class A filed as ON HLDG AG 1.59% 359,000 $15.8M No change
UBER Uber Technologies Inc. 1.53% 207,442 $15.1M No change
VTRS Viatris Inc. 1.41% 1,602,744 $14.0M Add +12.9%
LITE Lumentum Holdings Inc. 1.36% 216,117 $13.5M Add +27.6%
DXC DXC Technology Co. 1.26% 729,160 $12.4M Add +1.2%
DAR Darling Ingredients Inc. 1.14% 359,898 $11.2M No change
ADT Adt Inc. 1.13% 1,378,753 $11.2M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.13% 268,942 $11.2M No change
PYPL PayPal Holdings Inc. 1.00% 151,150 $9.9M Add +17.2%
ST Sensata Technologies Holdplc 0.94% 384,638 $9.3M Reduce -14.1%
MQ Marqeta Inc. 0.90% 2,153,014 $8.9M Add +17.4%
AXTA Axalta Coating Systems Ltd. 0.79% 236,419 $7.8M No change
AAPL Apple Inc. 0.76% 33,787 $7.5M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.71% 39,592 $7.1M Reduce -3.6%
LEA Lear Corp. 0.63% 70,706 $6.2M Reduce -35.7%
WHR Whirlpool Corp. 0.54% 59,248 $5.3M Reduce -34.6%
SLV iShares Silver Trust 0.53% 169,060 $5.2M No change
CTSH Cognizant Tech Solutions-A 0.46% 59,866 $4.6M No change
AMZN Amazon.com Inc. 0.42% 22,115 $4.2M No change
NTR Nutrien Ltd. 0.42% 84,595 $4.2M No change
BLK BlackRock Inc. 0.41% 4,253 $4.0M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.38% 41,366 $3.8M No change
MDT Medtronic PLC 0.36% 39,819 $3.6M No change
ELV Elevance Health Inc. 0.35% 7,899 $3.4M No change
KHC The Kraft Heinz Co. 0.30% 98,281 $3.0M No change
LEN Lennar Corp. Class A 0.29% 25,113 $2.9M New
WU Western Union Co. 0.29% 271,020 $2.9M No change
LIN Linde PLC 0.29% 6,147 $2.9M Reduce -23.2%
GILD Gilead Sciences Inc. 0.26% 22,952 $2.6M No change
RHI Robert Half Inc. 0.26% 46,866 $2.6M No change
OCSL Oaktree Specialty Lending Co. 0.25% 162,345 $2.5M Add +1.7%
HSY The Hershey Co. 0.23% 13,480 $2.3M Add +85.2%
XOM Exxon Mobil Corp. 0.23% 18,886 $2.2M No change
FFIV F5 Inc. 0.22% 8,336 $2.2M No change
UPS United Parcel Service Class B 0.20% 18,370 $2.0M No change
JNJ Johnson & Johnson 0.18% 10,958 $1.8M No change
META Meta Platforms Inc. Class A 0.18% 3,124 $1.8M No change
LOW Lowe's Cos Inc. 0.17% 7,065 $1.6M No change
PM Philip Morris International 0.16% 10,000 $1.6M No change
NVS Novartis AG-Sponsored ADR 0.14% 12,636 $1.4M No change
PHYS Sprott Physical Gold Trust 0.14% 56,486 $1.4M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.14% 28,600 $1.4M No change
GNTX Gentex Corp. 0.13% 56,000 $1.3M No change
LH Labcorp Holdings Inc. 0.13% 5,526 $1.3M No change
WBD Warner Bros Discovery Inc. 0.13% 117,106 $1.3M No change
OGN Organon & Co. 0.12% 82,030 $1.2M No change
PSLV Sprott Physical Silver Trust 0.12% 99,500 $1.2M No change
L Loews Corp. 0.11% 12,000 $1.1M No change
WMT Walmart Inc. 0.11% 12,114 $1.1M No change
GOOG Alphabet Inc. Class C 0.11% 6,670 $1.0M No change
ZBH Zimmer Biomet Holdings Inc. 0.11% 9,190 $1.0M No change
SNREY Sunrise Communicat Class A 0.10% 21,447 $1.0M No change
LBTYK Liberty Global Ltd. Class C 0.10% 81,677 $978K No change
NE Noble Corp. PLC 0.10% 40,311 $955K No change
MO Altria Group Inc. 0.09% 15,000 $900K No change
MRK Merck & Co. Inc. 0.09% 9,942 $892K Add +11.2%
MSFT Microsoft Corp. 0.09% 2,250 $845K No change
USB US Bancorp 0.07% 17,530 $740K No change
ETHO Amplify Etho Climate Leaders 0.06% 11,610 $638K No change
MRVL Marvell Technology Inc. 0.06% 10,000 $616K New
JPM JPMorgan Chase & Co. 0.06% 2,492 $611K No change
INTC Intel Corp. 0.05% 23,715 $539K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 2,156 $536K No change
BRZE Braze Inc. Class A 0.05% 13,838 $499K No change
DDOG Datadog Inc. Class A 0.05% 4,833 $479K Add +81.1%
MDLZ Mondelez International Inc. Class A 0.05% 6,920 $470K No change
SMRT Smartrent Inc. 0.05% 384,079 $465K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 4,464 $441K Reduce -18.3%
STZ Constellation Brands Inc. Class A 0.04% 2,400 $440K No change
JEF Jefferies Financial Group Inc. 0.04% 8,000 $429K Reduce -90.0%
CAG Conagra Brands Inc. 0.04% 15,762 $420K No change
ISRG Intuitive Surgical Inc. 0.04% 800 $396K No change
UNM Unum Group 0.03% 4,000 $326K No change
GF The New Germany Fund Inc. 0.03% 32,643 $320K No change
HRB H&R Block Inc. filed as BLOCK H & R INC 0.03% 5,600 $307K No change
LBTYA Liberty Global Ltd. Class A 0.03% 25,560 $294K No change
FLG Flagstar Bank NA 0.03% 23,332 $271K No change

Show all 115 holdings

Portfolio Sells Q4 2024 → Q1 2025
X United States Steel Corp. Sold out 0.00% −1.22
AVGO Broadcom Inc. Reduce -5.3% 2.19% −0.94
JEF Jefferies Financial Group Inc. Reduce -90.0% 0.04% −0.57
WHR Whirlpool Corp. Reduce -34.6% 0.54% −0.48
LEA Lear Corp. Reduce -35.7% 0.63% −0.40
GM General Motors Co. Reduce -9.2% 1.72% −0.37
KD Kyndryl Holdings Inc. Reduce -4.7% 2.68% −0.34
ST Sensata Technologies Holdplc Reduce -14.1% 0.94% −0.27
PFE Pfizer Inc. Reduce -8.6% 1.78% −0.21
GTLB Gitlab Inc. Class A Sold out 0.00% −0.13
MTB M & T Bank Corp. Reduce -3.6% 0.71% −0.05
LIN Linde PLC Reduce -23.2% 0.29% −0.04
ATR Aptargroup Inc. Sold out 0.00% −0.03
MYN BlackRock Muniyield NY QLTY Reduce -59.6% 0.02% −0.02
TSLA Tesla Inc. Sold out 0.00% −0.02
XYZ Block Inc. Sold out 0.00% −0.02
REAL The Realreal Inc. Reduce -8.4% 0.02% −0.02
DIS The Walt Disney Co. Reduce -18.3% 0.04% −0.02
XWIAX Western Asset Infl-Link Sec Sold out 0.00% −0.01
LILAK Liberty Latin Americ Class C Reduce -0.4% 0.01% 0.00
BMY Bristol-Myers Squibb Co. Reduce -9.5% 2.43% +0.00
T AT&T Inc. Reduce -20.7% 3.64% +0.03
VZ Verizon Communications Inc. Reduce -11.2% 1.91% +0.06
SLM SLM Corp. Reduce -5.7% 3.03% +0.09
BABA Alibaba Group Holding-SP ADR Reduce -20.3% 2.03% +0.44
GLD SPDR Gold Shares Reduce -2.2% 14.78% +2.17

Portfolio Buys Q4 2024 → Q1 2025
UNH Unitedhealth Group Inc. Add +7.9% 2.54% +0.32
LEN Lennar Corp. Class A New 0.29% +0.29
EG Everest Group Ltd. Add +9.5% 1.99% +0.22
MQ Marqeta Inc. Add +17.4% 0.90% +0.21
HSY The Hershey Co. Add +85.2% 0.23% +0.11
GBDC Golub Capital BDC Inc. Add +2.5% 2.21% +0.10
MRVL Marvell Technology Inc. New 0.06% +0.06
BNY Bank of New York Mellon Corp. New 0.02% +0.02
WMB Williams Cos Inc. New 0.02% +0.02
OCSL Oaktree Specialty Lending Co. Add +1.7% 0.25% +0.01
DDOG Datadog Inc. Class A Add +81.1% 0.05% +0.01
MRK Merck & Co. Inc. Add +11.2% 0.09% +0.00
LITE Lumentum Holdings Inc. Add +27.6% 1.36% −0.04
PYPL PayPal Holdings Inc. Add +17.2% 1.00% −0.09
COHR Coherent Corp. Add +36.0% 2.24% −0.10
DXC DXC Technology Co. Add +1.2% 1.26% −0.16
VRT Vertiv Holdings Co. Class A Add +41.2% 2.23% −0.20
VTRS Viatris Inc. Add +12.9% 1.41% −0.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$1.4BGLD, IAU, COHR, VRT, GOOGL
Q1 2026 116$1.4BGLD, IAU, LITE, COHR, VRT
Q4 2025 114$1.3BGLD, IAU, GOOGL, COHR, VRT
Q3 2025 116$1.2BGLD, IAU, GOOGL, VRT, AVGO
Q2 2025 119$1.1BGLD, IAU, VRT, GOOGL, T
Q1 2025 115$990.0MGLD, IAU, T, GOOGL, SLM
Q4 2024 117$1.0BGLD, IAU, GOOGL, T, AVGO
Q3 2024 111$1.0BGLD, IAU, GOOGL, T, COHR
Q2 2024 119$947.2MGLD, IAU, GOOGL, T, COHR
Q1 2024 120$945.0MGLD, IAU, GOOGL, T, SLM