Banyan Capital Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Banyan Capital Management, Inc. reported 56 stock positions worth $220.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 10.0% of the portfolio, followed by Markel (MKL, 9.9%) and Vontier (VNT, 8.2%). Compared with Q2 2025, it opened 37 new positions, added to 15 and reduced 3. The biggest buy was Phinia (PHIN, shares +3%) and the biggest sale Parker Hannifin (PH, shares −2%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0000846600
Portfolio Value
$220.2M (Q3 2025)
SEC Filing
0000846600-25-000002 ↗ filed Nov 3, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $176.4M Q1 2024 Q2 2024: $165.5M Q2 2024 Q3 2024: $172.6M Q3 2024 Q4 2024: $166.7M Q4 2024 Q1 2025: $177.1M Q1 2025 Q2 2025: $194.5M Q2 2025 Q3 2025: $220.2M $220.2M Q3 2025 Q4 2025: $230.1M Q4 2025 Q1 2026: $232.1M Q1 2026 Q2 2026: $230.1M Q2 2026

Holdings 56 stocks · $220.2M
BRK.B Berkshire Hathaway Inc. Class B 10.00% 43,798 $22.0M Add +1.1%
MKL Markel Group Inc. 9.86% 11,357 $21.7M Add +5.2%
VNT Vontier Corp. 8.22% 431,055 $18.1M Add +2.6%
CI The Cigna Group 7.87% 60,144 $17.3M Add +8.4%
PH Parker Hannifin Corp. 7.10% 20,617 $15.6M Reduce -2.0%
PHIN Phinia Inc. 6.81% 261,018 $15.0M Add +3.2%
DG Dollar General Corp. 5.56% 118,491 $12.2M Add +9.6%
LH Labcorp Holdings Inc. 5.26% 40,384 $11.6M Add +3.2%
AAPL Apple Inc. 5.15% 44,547 $11.3M Add +6.5%
CHTR Charter Communications Inc. Class A 4.83% 38,685 $10.6M Add +13.3%
HKHHF Heineken Holding NV 4.29% 138,072 $9.5M Add +8.8%
HSIC Henry Schein Inc. 4.19% 139,141 $9.2M Add +8.8%
KMX Carmax Inc. 3.62% 177,870 $8.0M Add +26.3%
BF.B Brown-Forman Corp. Class B 2.36% 191,505 $5.2M Add +16.1%
ABNB Airbnb Inc. Class A 2.14% 38,890 $4.7M Add +7.1%
DHR Danaher Corp. 2.06% 22,912 $4.5M Reduce -0.2%
AXP American Express Co. 1.86% 12,331 $4.1M Reduce -8.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.55% 4,276 $1.2M New
WMT Walmart Inc. 0.47% 10,135 $1.0M Add +257.5%
MCD McDonald's Corp. 0.35% 2,549 $775K New
ABBV Abbvie Inc. 0.33% 3,119 $722K New
JNJ Johnson & Johnson 0.32% 3,853 $714K New
NVDA Nvidia Corp. 0.32% 3,754 $700K New
CVX Chevron Corp. 0.30% 4,298 $667K New
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.30% 695 $662K New
JPM JPMorgan Chase & Co. 0.28% 1,920 $606K New
NEM Newmont Corp. 0.27% 7,050 $594K New
XOM Exxon Mobil Corp. 0.27% 5,224 $589K New
PG The Procter & Gamble Co. 0.26% 3,751 $576K New
LLY Eli Lilly & Co. 0.26% 750 $572K New
B Barrick Mining Corp. 0.26% 17,300 $567K New
EMR Emerson Electric Co. 0.25% 4,155 $545K New
MRK Merck & Co. Inc. 0.24% 6,389 $536K New
ALL Allstate Corp. 0.24% 2,454 $527K New
KO The Coca-Cola Co. 0.24% 7,810 $518K New
WPM Wheaton Precious Metals Corp. 0.22% 4,325 $484K New
TXN Texas Instruments Inc. 0.21% 2,520 $463K New
GLD SPDR Gold Shares 0.20% 1,250 $444K New
CAT Caterpillar Inc. 0.19% 895 $427K New
SO The Southern Co. 0.19% 4,325 $410K New
DFAC Dimensional US Core Equity 2 0.18% 10,125 $391K New
MET Metlife Inc. 0.18% 4,725 $389K New
MSFT Microsoft Corp. 0.17% 735 $381K New
SHEL Shell PLC-ADR 0.17% 5,100 $365K New
RTX RTX Corp. 0.16% 2,165 $362K New
MMM 3M Co. 0.16% 2,297 $356K New
PSX Phillips 66 0.16% 2,595 $353K New
DD Dupont DE Nemours Inc. 0.15% 4,183 $326K New
DUK Duke Energy Corp. 0.15% 2,618 $324K New
VLTO Veralto Corp. 0.14% 2,812 $300K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 5,625 $290K New
CSCO Cisco Systems Inc. 0.12% 3,780 $259K New
OKE Oneok Inc. 0.12% 3,500 $255K New
KMI Kinder Morgan Inc. 0.11% 8,497 $241K New
LEU Centrus Energy Corp. Class A 0.10% 700 $217K New
ITOT iShares Core S&P Total U.S. 0.09% 1,405 $205K New

Portfolio Sells Q2 2025 → Q3 2025
PH Parker Hannifin Corp. Reduce -2.0% 7.10% −0.46
AXP American Express Co. Reduce -8.2% 1.86% −0.34
DHR Danaher Corp. Reduce -0.2% 2.06% −0.27

Portfolio Buys Q2 2025 → Q3 2025
PHIN Phinia Inc. Add +3.2% 6.81% +1.03
AAPL Apple Inc. Add +6.5% 5.15% +0.74
IBM Intl Business Machines Corp. New 0.55% +0.55
MCD McDonald's Corp. New 0.35% +0.35
WMT Walmart Inc. Add +257.5% 0.47% +0.33
ABBV Abbvie Inc. New 0.33% +0.33
JNJ Johnson & Johnson New 0.32% +0.32
NVDA Nvidia Corp. New 0.32% +0.32
CVX Chevron Corp. New 0.30% +0.30
GWW WW Grainger Inc. New 0.30% +0.30
JPM JPMorgan Chase & Co. New 0.28% +0.28
NEM Newmont Corp. New 0.27% +0.27
XOM Exxon Mobil Corp. New 0.27% +0.27
PG The Procter & Gamble Co. New 0.26% +0.26
LLY Eli Lilly & Co. New 0.26% +0.26
B Barrick Mining Corp. New 0.26% +0.26
EMR Emerson Electric Co. New 0.25% +0.25
VNT Vontier Corp. Add +2.6% 8.22% +0.25
MRK Merck & Co. Inc. New 0.24% +0.24
ALL Allstate Corp. New 0.24% +0.24
KO The Coca-Cola Co. New 0.24% +0.24
WPM Wheaton Precious Metals Corp. New 0.22% +0.22
TXN Texas Instruments Inc. New 0.21% +0.21
GLD SPDR Gold Shares New 0.20% +0.20
CAT Caterpillar Inc. New 0.19% +0.19
SO The Southern Co. New 0.19% +0.19
DFAC Dimensional US Core Equity 2 New 0.18% +0.18
MET Metlife Inc. New 0.18% +0.18
MSFT Microsoft Corp. New 0.17% +0.17
SHEL Shell PLC-ADR New 0.17% +0.17
RTX RTX Corp. New 0.16% +0.16
MMM 3M Co. New 0.16% +0.16
PSX Phillips 66 New 0.16% +0.16
DD Dupont DE Nemours Inc. New 0.15% +0.15
DUK Duke Energy Corp. New 0.15% +0.15
BAC Bank of America Corp. New 0.13% +0.13
CSCO Cisco Systems Inc. New 0.12% +0.12
OKE Oneok Inc. New 0.12% +0.12
KMI Kinder Morgan Inc. New 0.11% +0.11
LEU Centrus Energy Corp. Class A New 0.10% +0.10
ITOT iShares Core S&P Total U.S. New 0.09% +0.09
BF.B Brown-Forman Corp. Class B Add +16.1% 2.36% +0.07
LH Labcorp Holdings Inc. Add +3.2% 5.26% −0.02
ABNB Airbnb Inc. Class A Add +7.1% 2.14% −0.33
HKHHF Heineken Holding NV Add +8.8% 4.29% −0.57
HSIC Henry Schein Inc. Add +8.8% 4.19% −0.61
DG Dollar General Corp. Add +9.6% 5.56% −0.80
BRK.B Berkshire Hathaway Inc. Class B Add +1.1% 10.00% −0.82
MKL Markel Group Inc. Add +5.2% 9.86% −1.23
KMX Carmax Inc. Add +26.3% 3.62% −1.24

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$230.1MMKL, BRK.B, CI, PHIN, PH
Q1 2026 55$232.1MMKL, BRK.B, PHIN, CI, VNT
Q4 2025 55$230.1MMKL, BRK.B, CI, PH, PHIN
Q3 2025 56$220.2MBRK.B, MKL, VNT, CI, PH
Q2 2025 19$194.5MMKL, BRK.B, CI, VNT, PH
Q1 2025 16$177.1MBRK.B, MKL, CI, VNT, PH
Q4 2024 16$166.7MBRK.B, MKL, CI, VNT, PH
Q3 2024 16$172.6MBRK.B, CI, MKL, PH, VNT
Q2 2024 17$165.5MBRK.B, CI, MKL, VNT, AAPL
Q1 2024 19$176.4MCI, BRK.B, VNT, MKL, PH