Aureus Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 17, 2025), Aureus Asset Management, LLC reported 199 stock positions worth $1.5 billion. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Alphabet Class A (GOOGL, 4.8%) and Broadcom (AVGO, 4.6%). Compared with Q2 2025, it opened 5 new positions, sold out of 11, added to 45 and reduced 61. The biggest buy was Oracle (ORCL, shares +138%) and the biggest sale Salesforce (CRM, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001381296
- Portfolio Value
- $1.5B (Q3 2025)
- SEC Filing
- 0001381296-25-000005 ↗ filed Nov 17, 2025
Holdings Value
Holdings 199 stocks · $1.5B
| MSFT Microsoft Corp. | 6.76% | 200,331 | $103.8M | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 4.80% | 303,004 | $73.7M | Reduce -14.2% |
| AVGO Broadcom Inc. | 4.56% | 212,433 | $70.1M | Reduce -10.4% |
| AAPL Apple Inc. | 4.02% | 242,278 | $61.7M | Reduce -6.0% |
| V Visa Inc. Class A | 3.95% | 177,604 | $60.6M | Reduce -7.1% |
| SCHW Schwab (charles) Corp. | 3.87% | 622,171 | $59.4M | Reduce -4.8% |
| AMZN Amazon.com Inc. | 3.78% | 264,056 | $58.0M | Reduce -27.9% |
| META Meta Platforms Inc. Class A | 3.49% | 72,926 | $53.6M | Reduce -28.6% |
| AXP American Express Co. | 3.02% | 139,682 | $46.4M | Reduce -5.0% |
| UNH Unitedhealth Group Inc. | 2.92% | 129,842 | $44.8M | Add +18.9% |
| NEE Nextera Energy Inc. | 2.87% | 583,316 | $44.0M | Reduce -2.1% |
| ORCL Oracle Corp. | 2.80% | 152,804 | $43.0M | Add +138.0% |
| BX Blackstone Inc. | 2.66% | 238,681 | $40.8M | Reduce -3.6% |
| WCN Waste Connections Inc. | 2.65% | 231,904 | $40.8M | Add +26.9% |
| TMO Thermo Fisher Scientific Inc. | 2.43% | 77,083 | $37.4M | Reduce -1.5% |
| AMAT Applied Materials Inc. | 2.36% | 177,155 | $36.3M | Add +11.9% |
| ABT Abbott Laboratories | 2.29% | 262,686 | $35.2M | Reduce -2.3% |
| BKNG Booking Holdings Inc. | 2.29% | 6,516 | $35.2M | Reduce -14.0% |
| WAB Wabtec Corp. | 2.19% | 167,419 | $33.6M | Add +12.9% |
| INTU Intuit Inc. | 2.17% | 48,893 | $33.4M | Add +393.4% |
| SPGI S&P Global Inc. | 2.16% | 68,222 | $33.2M | Reduce -1.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.15% | 118,202 | $33.0M | Add +92.0% |
| PAYC Paycom Software Inc. | 2.04% | 150,573 | $31.3M | Reduce -2.3% |
| CSGP Costar Group Inc. | 1.86% | 339,077 | $28.6M | Add +33.6% |
| HQY Healthequity Inc. | 1.80% | 291,703 | $27.6M | Reduce -1.9% |
| ROP Roper Technologies Inc. | 1.64% | 50,438 | $25.2M | New |
| APO Apollo Global Management Inc. | 1.51% | 173,445 | $23.1M | Add +14.6% |
| CNX CNX Resources Corp. | 1.43% | 685,697 | $22.0M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 1.27% | 80,280 | $19.6M | Add +47.3% |
| IVV iShares Core S&P 500 ETF | 1.04% | 23,946 | $16.0M | Add +0.2% |
| MS Morgan Stanley | 0.59% | 56,803 | $9.0M | Add +6.7% |
| WMB Williams Cos Inc. | 0.56% | 136,421 | $8.6M | Add +14.3% |
| MOG.A Moog Inc. Class A | 0.56% | 41,501 | $8.6M | Add +22.8% |
| QXO Qxo Inc. | 0.51% | 409,153 | $7.8M | No change |
| STE Steris PLC | 0.51% | 31,468 | $7.8M | Add +6.0% |
| BR Broadridge Financial Solutio | 0.46% | 29,540 | $7.0M | Reduce -6.0% |
| GLPI Gaming and Leisure Propertie | 0.43% | 140,757 | $6.6M | Add +10.0% |
| TXN Texas Instruments Inc. | 0.42% | 35,127 | $6.5M | Add +43.8% |
| MAR Marriott International Class A | 0.40% | 23,696 | $6.2M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 8,983 | $6.0M | Reduce -1.0% |
| KO The Coca-Cola Co. | 0.39% | 90,091 | $6.0M | Add +0.0% |
| DE Deere & Co. | 0.39% | 12,967 | $5.9M | Reduce -0.1% |
| CME Cme Group Inc. | 0.37% | 20,914 | $5.7M | Reduce -2.9% |
| IWD iShares Russell 1000 Value E | 0.36% | 27,245 | $5.5M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 0.36% | 17,543 | $5.5M | Reduce -4.9% |
| SHW The Sherwin-Williams Co. | 0.34% | 15,271 | $5.3M | Reduce -0.2% |
| CBT Cabot Corp. | 0.33% | 67,080 | $5.1M | Reduce -0.9% |
| IWM iShares Russell 2000 ETF | 0.30% | 19,335 | $4.7M | Add +0.1% |
| NVDA Nvidia Corp. | 0.30% | 25,072 | $4.7M | Reduce -2.1% |
| MCD McDonald's Corp. | 0.30% | 15,051 | $4.6M | No change |
| CMCSA Comcast Corp. Class A | 0.29% | 141,888 | $4.5M | Reduce -16.9% |
| HON Honeywell International Inc. | 0.29% | 21,131 | $4.4M | Reduce -32.9% |
| AMT American Tower Corp. | 0.27% | 21,203 | $4.1M | Reduce -85.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 5 | $3.8M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.24% | 7,808 | $3.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 6,934 | $3.5M | Add +0.0% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.22% | 66,403 | $3.5M | No change |
| BIV Vanguard Intermediate-Term B | 0.22% | 43,917 | $3.4M | Add +0.0% |
| JNJ Johnson & Johnson | 0.21% | 17,679 | $3.3M | Reduce -7.5% |
| VWO Vanguard Ftse Emerging Marke | 0.21% | 59,720 | $3.2M | Add +0.3% |
| STZ Constellation Brands Inc. Class A | 0.18% | 21,036 | $2.8M | Add +16.5% |
| LLY Eli Lilly & Co. | 0.18% | 3,560 | $2.7M | No change |
| RTX RTX Corp. | 0.17% | 15,686 | $2.6M | Reduce -6.2% |
| HD Home Depot Inc. | 0.17% | 6,336 | $2.6M | Add +0.3% |
| DHR Danaher Corp. | 0.17% | 12,833 | $2.5M | Add +37.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 8,650 | $2.5M | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 0.15% | 38,555 | $2.3M | Add +0.2% |
| ADP Automatic Data Processing | 0.13% | 6,887 | $2.0M | Reduce -13.8% |
| CAT Caterpillar Inc. | 0.13% | 4,178 | $2.0M | No change |
| EEM iShares MSCI Emerging Market | 0.13% | 36,625 | $2.0M | No change |
| VONV Vanguard Russell 1000 Value | 0.13% | 21,858 | $2.0M | No change |
| PG The Procter & Gamble Co. | 0.12% | 12,014 | $1.8M | Reduce -1.4% |
| PM Philip Morris International | 0.12% | 11,263 | $1.8M | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.11% | 29,737 | $1.7M | Add +406.1% |
| DBC Invesco DB Commodity Index T | 0.10% | 70,900 | $1.6M | No change |
| XLK SS Technology Select Sector | 0.10% | 5,589 | $1.6M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.10% | 6,726 | $1.6M | Reduce -3.6% |
| AMGN Amgen Inc. | 0.10% | 5,272 | $1.5M | Reduce -8.4% |
| NFLX Netflix Inc. | 0.09% | 1,186 | $1.4M | Add +9.5% |
| LMT Lockheed Martin Corp. | 0.09% | 2,835 | $1.4M | No change |
| XPO Xpo Inc. | 0.08% | 10,000 | $1.3M | No change |
| COHR Coherent Corp. | 0.08% | 11,790 | $1.3M | No change |
| SYK Stryker Corp. | 0.08% | 3,256 | $1.2M | Reduce -11.9% |
| ORLY O'reilly Automotive Inc. | 0.08% | 10,851 | $1.2M | Reduce -3.8% |
| LPLA LPL Financial Holdings Inc. | 0.08% | 3,473 | $1.2M | No change |
| COST Costco Wholesale Corp. | 0.07% | 1,211 | $1.1M | Reduce -2.0% |
| BSV Vanguard Short-Term Bond ETF | 0.07% | 13,166 | $1.0M | Add +0.0% |
| CARR Carrier Global Corp. | 0.07% | 16,820 | $1.0M | Reduce -36.8% |
| BLK BlackRock Inc. | 0.07% | 857 | $999K | Reduce -3.7% |
| IWL iShares Russell Top 200 ETF | 0.06% | 6,000 | $997K | No change |
| CSCO Cisco Systems Inc. | 0.06% | 14,454 | $989K | No change |
| CVX Chevron Corp. | 0.06% | 6,356 | $987K | Reduce -7.3% |
| L Loews Corp. | 0.06% | 9,411 | $945K | No change |
| MU Micron Technology Inc. | 0.06% | 5,563 | $931K | No change |
| PEP Pepsico Inc. | 0.06% | 6,603 | $927K | No change |
| BMY Bristol-Myers Squibb Co. | 0.06% | 19,686 | $888K | Reduce -63.6% |
| MRK Merck & Co. Inc. | 0.06% | 10,274 | $862K | Reduce -14.3% |
| ETN Eaton Corp. PLC | 0.06% | 2,290 | $857K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.05% | 4,916 | $829K | Reduce -1.5% |
| MO Altria Group Inc. | 0.05% | 12,356 | $816K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| CRM Salesforce Inc. | Reduce -99.2% | 0.02% | −2.20 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −2.19 |
| AMT American Tower Corp. | Reduce -85.6% | 0.27% | −1.81 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −1.69 |
| AMZN Amazon.com Inc. | Reduce -27.9% | 3.78% | −1.37 |
| META Meta Platforms Inc. Class A | Reduce -28.6% | 3.49% | −1.34 |
| CHE Chemed Corp. | Reduce -97.4% | 0.03% | −1.08 |
| BKNG Booking Holdings Inc. | Reduce -14.0% | 2.29% | −0.52 |
| V Visa Inc. Class A | Reduce -7.1% | 3.95% | −0.39 |
| PAYC Paycom Software Inc. | Reduce -2.3% | 2.04% | −0.24 |
| HQY Healthequity Inc. | Reduce -1.9% | 1.80% | −0.19 |
| HON Honeywell International Inc. | Reduce -32.9% | 0.29% | −0.18 |
| SPGI S&P Global Inc. | Reduce -1.3% | 2.16% | −0.17 |
| BMY Bristol-Myers Squibb Co. | Reduce -63.6% | 0.06% | −0.10 |
| CMCSA Comcast Corp. Class A | Reduce -16.9% | 0.29% | −0.10 |
| CNX CNX Resources Corp. | Reduce -1.4% | 1.43% | −0.06 |
| CARR Carrier Global Corp. | Reduce -36.8% | 0.07% | −0.06 |
| EBC Eastern Bankshares Inc. | Sold out | 0.00% | −0.06 |
| ABT Abbott Laboratories | Reduce -2.3% | 2.29% | −0.05 |
| DE Deere & Co. | Reduce -0.1% | 0.39% | −0.04 |
| BR Broadridge Financial Solutio | Reduce -6.0% | 0.46% | −0.03 |
| ADP Automatic Data Processing | Reduce -13.8% | 0.13% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -32.4% | 0.04% | −0.02 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.02 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.02 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.02 |
| SYK Stryker Corp. | Reduce -11.9% | 0.08% | −0.02 |
| JKHY Jack Henry & Associates Inc. | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.01 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.01 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.01 |
| MAR Marriott International Class A | Reduce -0.0% | 0.40% | −0.01 |
| CME Cme Group Inc. | Reduce -2.9% | 0.37% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -22.5% | 0.05% | −0.01 |
| ALL Allstate Corp. | Reduce -40.3% | 0.02% | −0.01 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −0.01 |
| HSY The Hershey Co. | Reduce -31.2% | 0.03% | −0.01 |
| AMGN Amgen Inc. | Reduce -8.4% | 0.10% | −0.01 |
| ZTS Zoetis Inc. | Reduce -20.2% | 0.02% | −0.01 |
| UNP Union Pacific Corp. | Reduce -16.3% | 0.04% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.0% | 0.07% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -14.3% | 0.06% | −0.00 |
| ACN Accenture PLC Class A | Reduce -4.1% | 0.02% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -1.4% | 0.12% | −0.00 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -16.7% | 0.02% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -3.2% | 0.03% | +0.00 |
| COP Conocophillips | Reduce -2.8% | 0.03% | +0.00 |
| CVX Chevron Corp. | Reduce -7.3% | 0.06% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.9% | 0.04% | +0.00 |
| BLK BlackRock Inc. | Reduce -3.7% | 0.07% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| ORCL Oracle Corp. | Add +138.0% | 2.80% | +1.90 |
| INTU Intuit Inc. | Add +393.4% | 2.17% | +1.67 |
| ROP Roper Technologies Inc. | New | 1.64% | +1.64 |
| TSM Taiwan Semiconductor-SP ADR | Add +92.0% | 2.15% | +1.26 |
| UNH Unitedhealth Group Inc. | Add +18.9% | 2.92% | +0.74 |
| GOOG Alphabet Inc. Class C | Add +47.3% | 1.27% | +0.65 |
| CSGP Costar Group Inc. | Add +33.6% | 1.86% | +0.56 |
| AMAT Applied Materials Inc. | Add +11.9% | 2.36% | +0.51 |
| WCN Waste Connections Inc. | Add +26.9% | 2.65% | +0.47 |
| WAB Wabtec Corp. | Add +12.9% | 2.19% | +0.20 |
| MOG.A Moog Inc. Class A | Add +22.8% | 0.56% | +0.17 |
| APO Apollo Global Management Inc. | Add +14.6% | 1.51% | +0.13 |
| MS Morgan Stanley | Add +6.7% | 0.59% | +0.11 |
| TXN Texas Instruments Inc. | Add +43.8% | 0.42% | +0.10 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 1.04% | +0.09 |
| WMB Williams Cos Inc. | Add +14.3% | 0.56% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +406.1% | 0.11% | +0.08 |
| STE Steris PLC | Add +6.0% | 0.51% | +0.05 |
| BAH Booz Allen Hamilton Holdings | New | 0.05% | +0.05 |
| DHR Danaher Corp. | Add +37.8% | 0.17% | +0.05 |
| GLPI Gaming and Leisure Propertie | Add +10.0% | 0.43% | +0.04 |
| IWM iShares Russell 2000 ETF | Add +0.1% | 0.30% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +0.3% | 0.21% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | New | 0.02% | +0.02 |
| HD Home Depot Inc. | Add +0.3% | 0.17% | +0.02 |
| MELI MercadoLibre Inc. | Add +115.6% | 0.03% | +0.01 |
| TRMB Trimble Inc. | Add +44.8% | 0.04% | +0.01 |
| THO Thor Industries Inc. | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.01% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.0% | 0.23% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.4% | 0.17% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.2% | 0.15% | +0.01 |
| EMBJ Embraer SA-Spon ADR | Add +20.0% | 0.04% | +0.01 |
| TJX TJX Companies Inc. | Add +13.5% | 0.03% | +0.01 |
| BIV Vanguard Intermediate-Term B | Add +0.0% | 0.22% | +0.01 |
| SE Sea Ltd.-ADR | Add +15.3% | 0.02% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Add +5.2% | 0.03% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +9.1% | 0.03% | +0.00 |
| USRT iShares Core US REIT ETF | Add +0.3% | 0.05% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 0.01% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +0.0% | 0.07% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.0% | 0.02% | +0.00 |
| LIN Linde PLC | Add +1.9% | 0.02% | +0.00 |
| ATMP Ipath Select MLP ETN | Add +0.3% | 0.03% | +0.00 |
| NFLX Netflix Inc. | Add +9.5% | 0.09% | −0.00 |
| MRSH Marsh & McLennan Cos | Add +4.4% | 0.01% | −0.00 |
| EVEX Eve Holding Inc. | Add +56.0% | 0.00% | −0.00 |
| NICE Nice Ltd. - Spon ADR | Add +7.4% | 0.04% | −0.00 |
| STZ Constellation Brands Inc. Class A | Add +16.5% | 0.18% | −0.00 |
| KO The Coca-Cola Co. | Add +0.0% | 0.39% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 239 | $1.6B | GOOGL, AMAT, AAPL, AMZN, MSFT |
| Q1 2026 | 225 | $1.5B | GOOGL, MSFT, AAPL, AMZN, AMAT |
| Q4 2025 | 201 | $1.6B | MSFT, GOOGL, AAPL, AMZN, SCHW |
| Q3 2025 | 199 | $1.5B | MSFT, GOOGL, AVGO, AAPL, V |
| Q2 2025 | 205 | $1.6B | MSFT, AMZN, META, V, AVGO |
| Q1 2025 | 203 | $1.4B | MSFT, V, AMZN, META, AAPL |
| Q4 2024 | 209 | $1.5B | MSFT, AMZN, GOOGL, AAPL, V |
| Q3 2024 | 211 | $1.5B | MSFT, AMZN, AAPL, GOOGL, META |
| Q2 2024 | 201 | $1.4B | MSFT, AMZN, GOOGL, AAPL, V |
| Q1 2024 | 199 | $1.5B | MSFT, AMZN, GOOGL, V, BX |