Bearing Point Capital, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Bearing Point Capital, LLC reported 159 stock positions worth $469.5 million. Its top holding was Apple (AAPL) at 4.5% of the portfolio, followed by Nvidia (NVDA, 4.4%) and Microsoft (MSFT, 2.7%). Compared with Q4 2024, it opened 15 new positions, sold out of 17, added to 79 and reduced 36. The biggest buy was Vaneck Junior Gold Miners (GDXJ, shares +316%) and the biggest sale an exit from Houlihan Lokey (HLI).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0002052916
- Portfolio Value
- $469.5M (Q1 2025)
- SEC Filing
- 0001765380-25-000181 ↗ filed May 7, 2025
Holdings Value
Holdings 159 stocks · $469.5M
| AAPL Apple Inc. | 4.55% | 96,179 | $21.4M | Reduce -4.2% |
| NVDA Nvidia Corp. | 4.41% | 190,891 | $20.7M | Reduce -6.0% |
| MSFT Microsoft Corp. | 2.73% | 34,097 | $12.8M | Add +0.4% |
| V Visa Inc. Class A | 2.68% | 35,932 | $12.6M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 2.38% | 45,468 | $11.2M | Add +9.9% |
| AMZN Amazon.com Inc. | 2.29% | 56,499 | $10.7M | Add +3.2% |
| PANW Palo Alto Networks Inc. | 2.19% | 60,287 | $10.3M | Add +24.3% |
| UNH Unitedhealth Group Inc. | 2.15% | 19,250 | $10.1M | Add +9.1% |
| ADM Archer-Daniels-Midland Co. | 1.94% | 190,000 | $9.1M | No change |
| GDXJ Vaneck Junior Gold Miners | 1.83% | 149,967 | $8.6M | Add +316.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.77% | 199,139 | $8.3M | Add +1.9% |
| AVGO Broadcom Inc. | 1.67% | 46,848 | $7.8M | Reduce -8.6% |
| CVX Chevron Corp. | 1.61% | 45,296 | $7.6M | Add +4.4% |
| MDY State Street SPDR S&P Midcap | 1.60% | 14,062 | $7.5M | Reduce -2.0% |
| CME Cme Group Inc. | 1.59% | 28,207 | $7.5M | Reduce -17.8% |
| AXP American Express Co. | 1.59% | 27,713 | $7.5M | Add +1.8% |
| DHR Danaher Corp. | 1.55% | 35,510 | $7.3M | Add +6.5% |
| OWL Blue Owl Capital Inc. | 1.54% | 360,916 | $7.2M | Add +26.7% |
| HWM Howmet Aerospace Inc. | 1.54% | 55,711 | $7.2M | Reduce -20.0% |
| SYK Stryker Corp. | 1.49% | 18,855 | $7.0M | Add +3.9% |
| VEEV Veeva Systems Inc. Class A | 1.49% | 30,223 | $7.0M | New |
| ACN Accenture PLC Class A | 1.49% | 22,370 | $7.0M | Add +2.8% |
| ECL Ecolab Inc. | 1.46% | 27,041 | $6.9M | Reduce -20.1% |
| RODM Hartford Multifact Dev MRKT | 1.41% | 213,181 | $6.6M | Add +8.0% |
| SHY iShares 1-3 Year Treasury Bo | 1.40% | 79,540 | $6.6M | Reduce -34.9% |
| CB Chubb Ltd. | 1.38% | 21,488 | $6.5M | Add +2.9% |
| SU Suncor Energy Inc. | 1.37% | 165,616 | $6.4M | Add +3.8% |
| GOOGL Alphabet Inc. Class A | 1.25% | 38,025 | $5.9M | Add +8.0% |
| TT Trane Technologies PLC | 1.24% | 17,344 | $5.8M | Add +3.6% |
| INDA iShares MSCI India ETF | 1.24% | 113,356 | $5.8M | Reduce -1.1% |
| DXJ Wisdomtree Japan Hedged Eq | 1.23% | 52,593 | $5.8M | Add +4.0% |
| CTVA Corteva Inc. | 1.22% | 90,952 | $5.7M | Add +23.8% |
| AEP American Electric Power | 1.15% | 49,216 | $5.4M | Reduce -12.6% |
| DELL Dell Technologies -C | 1.13% | 58,439 | $5.3M | Add +5.3% |
| VEA Vanguard Ftse Developed ETF | 1.10% | 101,622 | $5.2M | Reduce -3.0% |
| EMBJ Embraer SA-Spon ADR | 1.09% | 111,043 | $5.1M | Reduce -30.4% |
| BHP BHP Group Ltd.-Spon ADR | 1.09% | 105,624 | $5.1M | Add +4.6% |
| XBI SS SPDR S&P Biotech ETF | 1.02% | 59,155 | $4.8M | Add +1.9% |
| CEG Constellation Energy | 1.01% | 23,582 | $4.8M | Add +2.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.95% | 17,245 | $4.5M | Add +11.3% |
| HON Honeywell International Inc. | 0.94% | 20,734 | $4.4M | Reduce -2.6% |
| NOC Northrop Grumman Corp. | 0.93% | 8,531 | $4.4M | Add +5.5% |
| MA Mastercard Inc. Class A | 0.93% | 7,933 | $4.3M | Add +1.6% |
| NET Cloudflare Inc. Class A | 0.89% | 37,224 | $4.2M | Add +30.4% |
| APTV Aptiv PLC | 0.85% | 67,386 | $4.0M | Add +44.4% |
| VGSH Vanguard Short-Term Treasury | 0.84% | 67,332 | $4.0M | Reduce -41.7% |
| GOOG Alphabet Inc. Class C | 0.83% | 25,073 | $3.9M | Reduce -0.6% |
| KKR KKR & Co. Inc. | 0.82% | 33,476 | $3.9M | Add +14.0% |
| MELI MercadoLibre Inc. | 0.82% | 1,965 | $3.8M | Add +221.6% |
| RSG Republic Services Inc. | 0.79% | 15,391 | $3.7M | New |
| SPOT Spotify Technology SA | 0.75% | 6,390 | $3.5M | New |
| TM Toyota Motor Corp. -Spon ADR | 0.71% | 18,797 | $3.3M | Add +11.5% |
| FTV Fortive Corp. | 0.70% | 44,950 | $3.3M | Add +0.8% |
| NEM Newmont Corp. | 0.68% | 66,242 | $3.2M | Add +7.9% |
| ABBV Abbvie Inc. | 0.67% | 15,110 | $3.2M | Reduce -5.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 5,158 | $2.9M | Add +2.1% |
| HD Home Depot Inc. | 0.61% | 7,847 | $2.9M | Add +3.0% |
| IVV iShares Core S&P 500 ETF | 0.58% | 4,819 | $2.7M | Add +4.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.56% | 34,600 | $2.6M | No change |
| ETN Eaton Corp. PLC | 0.53% | 9,226 | $2.5M | Add +12.8% |
| ZTS Zoetis Inc. | 0.50% | 14,279 | $2.4M | Add +898.5% |
| USB US Bancorp | 0.49% | 54,272 | $2.3M | Add +11.5% |
| LLY Eli Lilly & Co. | 0.48% | 2,723 | $2.2M | Add +9.5% |
| NVT Nvent Electric PLC | 0.48% | 42,870 | $2.2M | Reduce -32.5% |
| CP Canadian Pacific Kansas City | 0.47% | 31,445 | $2.2M | Add +26.6% |
| VIS Vanguard Industrials ETF | 0.47% | 8,830 | $2.2M | New |
| IWF iShares Russell 1000 Growth | 0.42% | 5,488 | $2.0M | No change |
| COST Costco Wholesale Corp. | 0.42% | 2,082 | $2.0M | Add +9.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 3,669 | $2.0M | Reduce -5.9% |
| ENB Enbridge Inc. | 0.41% | 43,745 | $1.9M | Add +2.7% |
| JNJ Johnson & Johnson | 0.40% | 11,187 | $1.9M | Reduce -7.9% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.37% | 73,446 | $1.7M | No change |
| NEE Nextera Energy Inc. | 0.34% | 22,286 | $1.6M | Add +1.6% |
| COP Conocophillips | 0.32% | 14,518 | $1.5M | Add +5.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.30% | 5,470 | $1.4M | Reduce -12.2% |
| LMT Lockheed Martin Corp. | 0.30% | 3,109 | $1.4M | Add +8.6% |
| CRVL Corvel Corp. | 0.29% | 12,000 | $1.3M | No change |
| PFE Pfizer Inc. | 0.28% | 52,140 | $1.3M | Add +5.4% |
| INDY iShares India 50 ETF | 0.28% | 25,940 | $1.3M | New |
| IJH iShares Core S&P Midcap ETF | 0.27% | 21,805 | $1.3M | No change |
| KO The Coca-Cola Co. | 0.27% | 17,620 | $1.3M | Reduce -2.8% |
| XOM Exxon Mobil Corp. | 0.25% | 10,035 | $1.2M | Add +1.0% |
| TIP iShares Tips Bond ETF | 0.25% | 10,410 | $1.2M | Reduce -8.8% |
| VRT Vertiv Holdings Co. Class A | 0.23% | 15,246 | $1.1M | Add +88.1% |
| MCD McDonald's Corp. | 0.23% | 3,470 | $1.1M | Add +22.6% |
| GLW Corning Inc. | 0.23% | 23,480 | $1.1M | Add +22.1% |
| IBIT iShares Bitcoin Trust ETF | 0.22% | 22,020 | $1.0M | Add +36.9% |
| IJR iShares Core S&P Small-Cap E | 0.22% | 9,795 | $1.0M | No change |
| XLK SS Technology Select Sector | 0.21% | 4,879 | $1.0M | No change |
| AIRR First Trust Rba American Ind | 0.21% | 14,281 | $974K | Add +53.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.20% | 13,022 | $957K | Add +14.2% |
| LNC Lincoln National Corp. | 0.20% | 25,900 | $930K | Add +6.4% |
| EMN Eastman Chemical Co. | 0.20% | 10,410 | $917K | Add +3.6% |
| DUK Duke Energy Corp. | 0.20% | 7,505 | $915K | Add +3.5% |
| OKE Oneok Inc. | 0.18% | 8,626 | $856K | Add +29.6% |
| IUSG iShares Core S&P U.S. Growth | 0.18% | 6,700 | $851K | No change |
| IWP iShares Russell Mid-Cap Grow | 0.17% | 6,783 | $797K | No change |
| D Dominion Energy Inc. | 0.16% | 13,300 | $746K | Add +40.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.16% | 3,311 | $734K | Reduce -5.3% |
| MDT Medtronic PLC | 0.15% | 8,000 | $719K | Reduce -7.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $558K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 465 | $558K | No change |
Total filed on the 13F, all lines: $470.1M.
Portfolio Sells Q4 2024 → Q1 2025
| HLI Houlihan Lokey Inc. | Sold out | 0.00% | −1.60 |
| NVDA Nvidia Corp. | Reduce -6.0% | 4.41% | −1.28 |
| AVGO Broadcom Inc. | Reduce -8.6% | 1.67% | −0.81 |
| AAPL Apple Inc. | Reduce -4.2% | 4.55% | −0.70 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -34.9% | 1.40% | −0.69 |
| DEO Diageo PLC-Sponsored ADR | Reduce -85.0% | 0.10% | −0.66 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.58 |
| VGSH Vanguard Short-Term Treasury | Reduce -41.7% | 0.84% | −0.56 |
| RING iShares MSCI Global Gold Min | Sold out | 0.00% | −0.53 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.44 |
| VCR Vanguard Consumer Discre ETF | Sold out | 0.00% | −0.43 |
| NVT Nvent Electric PLC | Reduce -32.5% | 0.48% | −0.43 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.36 |
| ECL Ecolab Inc. | Reduce -20.1% | 1.46% | −0.20 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 0.83% | −0.17 |
| EMBJ Embraer SA-Spon ADR | Reduce -30.4% | 1.09% | −0.13 |
| SWK Stanley Black & Decker Inc. | Reduce -43.7% | 0.14% | −0.12 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.11 |
| MDY State Street SPDR S&P Midcap | Reduce -2.0% | 1.60% | −0.11 |
| AGX Argan Inc. | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Reduce -2.6% | 0.13% | −0.07 |
| CME Cme Group Inc. | Reduce -17.8% | 1.59% | −0.07 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.07 |
| HON Honeywell International Inc. | Reduce -2.6% | 0.94% | −0.07 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.05 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.05 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.05 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -12.2% | 0.30% | −0.05 |
| TGT Target Corp. | Reduce -4.8% | 0.15% | −0.05 |
| HWM Howmet Aerospace Inc. | Reduce -20.0% | 1.54% | −0.05 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.05 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.04 |
| DGII Digi International Inc. | Sold out | 0.00% | −0.04 |
| EQIX Equinix Inc. | Reduce -5.5% | 0.13% | −0.03 |
| GILD Gilead Sciences Inc. | Reduce -32.5% | 0.10% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.3% | 0.16% | −0.02 |
| INDA iShares MSCI India ETF | Reduce -1.1% | 1.24% | −0.02 |
| MS Morgan Stanley | Reduce -4.4% | 0.14% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -11.5% | 0.07% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -8.8% | 0.25% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.7% | 0.05% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -4.3% | 0.12% | −0.00 |
| DCI Donaldson Co. Inc. | Reduce -0.3% | 0.11% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -1.9% | 0.06% | +0.00 |
| MDT Medtronic PLC | Reduce -7.3% | 0.15% | +0.01 |
| JNJ Johnson & Johnson | Reduce -7.9% | 0.40% | +0.03 |
| KO The Coca-Cola Co. | Reduce -2.8% | 0.27% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.9% | 0.42% | +0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| GDXJ Vaneck Junior Gold Miners | Add +316.3% | 1.83% | +1.51 |
| VEEV Veeva Systems Inc. Class A | New | 1.49% | +1.49 |
| RSG Republic Services Inc. | New | 0.79% | +0.79 |
| SPOT Spotify Technology SA | New | 0.75% | +0.75 |
| MELI MercadoLibre Inc. | Add +221.6% | 0.82% | +0.60 |
| VIS Vanguard Industrials ETF | New | 0.47% | +0.47 |
| ZTS Zoetis Inc. | Add +898.5% | 0.50% | +0.45 |
| V Visa Inc. Class A | Add +1.9% | 2.68% | +0.35 |
| PANW Palo Alto Networks Inc. | Add +24.3% | 2.19% | +0.35 |
| CTVA Corteva Inc. | Add +23.8% | 1.22% | +0.35 |
| JPM JPMorgan Chase & Co. | Add +9.9% | 2.38% | +0.31 |
| CVX Chevron Corp. | Add +4.4% | 1.61% | +0.30 |
| UNH Unitedhealth Group Inc. | Add +9.1% | 2.15% | +0.28 |
| INDY iShares India 50 ETF | New | 0.28% | +0.28 |
| APTV Aptiv PLC | Add +44.4% | 0.85% | +0.26 |
| NET Cloudflare Inc. Class A | Add +30.4% | 0.89% | +0.25 |
| RODM Hartford Multifact Dev MRKT | Add +8.0% | 1.41% | +0.24 |
| NEM Newmont Corp. | Add +7.9% | 0.68% | +0.20 |
| CB Chubb Ltd. | Add +2.9% | 1.38% | +0.18 |
| SU Suncor Energy Inc. | Add +3.8% | 1.37% | +0.18 |
| OWL Blue Owl Capital Inc. | Add +26.7% | 1.54% | +0.16 |
| TRU Transunion | New | 0.14% | +0.14 |
| NOC Northrop Grumman Corp. | Add +5.5% | 0.93% | +0.14 |
| SYK Stryker Corp. | Add +3.9% | 1.49% | +0.13 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +11.3% | 0.95% | +0.10 |
| CP Canadian Pacific Kansas City | Add +26.6% | 0.47% | +0.10 |
| FCX Freeport-McMoran Inc. | Add +204.3% | 0.14% | +0.09 |
| LLY Eli Lilly & Co. | Add +9.5% | 0.48% | +0.08 |
| TEAM Atlassian Corp. Class A | New | 0.07% | +0.07 |
| DXJ Wisdomtree Japan Hedged Eq | Add +4.0% | 1.23% | +0.07 |
| IBB iShares Biotechnology ETF | New | 0.07% | +0.07 |
| MA Mastercard Inc. Class A | Add +1.6% | 0.93% | +0.07 |
| BHP BHP Group Ltd.-Spon ADR | Add +4.6% | 1.09% | +0.06 |
| MCD McDonald's Corp. | Add +22.6% | 0.23% | +0.06 |
| AIRR First Trust Rba American Ind | Add +53.0% | 0.21% | +0.06 |
| UEC Uranium Energy Corp. | Add +489.5% | 0.07% | +0.05 |
| COST Costco Wholesale Corp. | Add +9.1% | 0.42% | +0.05 |
| MPC Marathon Petroleum Corp. | New | 0.05% | +0.05 |
| WCN Waste Connections Inc. | New | 0.05% | +0.05 |
| D Dominion Energy Inc. | Add +40.0% | 0.16% | +0.05 |
| BP BP PLC-Spons ADR | New | 0.05% | +0.05 |
| WES Western Midstream Partners L | New | 0.05% | +0.05 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.05% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +14.2% | 0.20% | +0.05 |
| OKE Oneok Inc. | Add +29.6% | 0.18% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +88.1% | 0.23% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +36.9% | 0.22% | +0.04 |
| COP Conocophillips | Add +5.7% | 0.32% | +0.04 |
| GLD SPDR Gold Shares | Add +16.8% | 0.13% | +0.04 |
| GLW Corning Inc. | Add +22.1% | 0.23% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 202 | $739.8M | NVDA, PANW, AAPL, DELL, RODM |
| Q1 2026 | 165 | $637.8M | NVDA, AAPL, RODM, GDXJ, MSFT |
| Q4 2025 | 182 | $639.1M | NVDA, AAPL, MSFT, AMZN, JPM |
| Q3 2025 | 163 | $580.4M | NVDA, AAPL, MSFT, AVGO, SHY |
| Q2 2025 | 164 | $542.8M | NVDA, AAPL, MSFT, SHY, V |
| Q1 2025 | 159 | $469.5M | AAPL, NVDA, MSFT, V, JPM |
| Q4 2024 | 161 | $479.1M | NVDA, AAPL, MSFT, AMZN, AVGO |