Bearing Point Capital, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Bearing Point Capital, LLC reported 164 stock positions worth $542.8 million. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Apple (AAPL, 3.6%) and Microsoft (MSFT, 3.2%). Compared with Q1 2025, it opened 19 new positions, sold out of 14, added to 84 and reduced 41. The biggest buy was iShares 1-3 Year Treasury Bo (SHY, shares +128%) and the biggest sale an exit from Blue Owl Capital (OWL).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, MN
CIK
0002052916
Portfolio Value
$542.8M (Q2 2025)
SEC Filing
0001765380-25-000309 ↗ filed Aug 7, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q4 2024: $479.1M Q4 2024 Q1 2025: $469.5M Q1 2025 Q2 2025: $542.8M $542.8M Q2 2025 Q3 2025: $580.4M Q3 2025 Q4 2025: $639.1M Q4 2025 Q1 2026: $637.8M Q1 2026 Q2 2026: $739.8M Q2 2026

Holdings 164 stocks · $542.8M
NVDA Nvidia Corp. 5.58% 191,888 $30.3M Add +0.5%
AAPL Apple Inc. 3.57% 94,580 $19.4M Reduce -1.7%
MSFT Microsoft Corp. 3.24% 35,347 $17.6M Add +3.7%
SHY iShares 1-3 Year Treasury Bo 2.77% 181,425 $15.0M Add +128.1%
V Visa Inc. Class A 2.48% 37,939 $13.5M Add +5.6%
JPM JPMorgan Chase & Co. 2.46% 46,019 $13.3M Add +1.2%
AVGO Broadcom Inc. 2.44% 48,108 $13.3M Add +2.7%
AMZN Amazon.com Inc. 2.44% 60,263 $13.2M Add +6.7%
PANW Palo Alto Networks Inc. 2.39% 63,284 $13.0M Add +5.0%
ADM Archer-Daniels-Midland Co. 1.85% 190,000 $10.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.82% 209,132 $9.9M Add +5.0%
HWM Howmet Aerospace Inc. 1.71% 49,809 $9.3M Reduce -10.6%
AXP American Express Co. 1.64% 27,946 $8.9M Add +0.8%
GDXJ Vaneck Junior Gold Miners 1.55% 124,237 $8.4M Reduce -17.2%
VEEV Veeva Systems Inc. Class A 1.54% 29,005 $8.4M Reduce -4.0%
CME Cme Group Inc. 1.53% 30,217 $8.3M Add +7.1%
ECL Ecolab Inc. 1.50% 30,249 $8.2M Add +11.9%
SYK Stryker Corp. 1.48% 20,353 $8.1M Add +7.9%
RODM Hartford Multifact Dev MRKT 1.48% 235,881 $8.0M Add +10.7%
MDY State Street SPDR S&P Midcap 1.47% 14,071 $8.0M Add +0.1%
NET Cloudflare Inc. Class A 1.45% 40,077 $7.8M Add +7.7%
CEG Constellation Energy 1.44% 24,147 $7.8M Add +2.4%
DHR Danaher Corp. 1.36% 37,415 $7.4M Add +5.4%
ACN Accenture PLC Class A 1.30% 23,557 $7.0M Add +5.3%
EMBJ Embraer SA-Spon ADR 1.26% 119,728 $6.8M Add +7.8%
ETN Eaton Corp. PLC 1.25% 19,024 $6.8M Add +106.2%
DELL Dell Technologies -C 1.25% 55,350 $6.8M Reduce -5.3%
CTVA Corteva Inc. 1.25% 90,911 $6.8M Reduce -0.1%
GOOGL Alphabet Inc. Class A 1.23% 37,814 $6.7M Reduce -0.6%
CVX Chevron Corp. 1.22% 46,325 $6.6M Add +2.3%
INDA iShares MSCI India ETF 1.21% 118,383 $6.6M Add +4.4%
SFM Sprouts Farmers Market Inc. 1.21% 40,026 $6.6M New
TT Trane Technologies PLC 1.21% 14,990 $6.6M Reduce -13.6%
SU Suncor Energy Inc. 1.14% 165,751 $6.2M Add +0.1%
DXJ Wisdomtree Japan Hedged Eq 1.13% 53,858 $6.2M Add +2.4%
CB Chubb Ltd. 1.10% 20,605 $6.0M Reduce -4.1%
VEA Vanguard Ftse Developed ETF 1.08% 103,013 $5.9M Add +1.4%
SPOT Spotify Technology SA 1.07% 7,537 $5.8M Add +17.9%
MELI MercadoLibre Inc. 1.04% 2,151 $5.6M Add +9.5%
AGX Argan Inc. 1.00% 24,698 $5.4M New
BHP BHP Group Ltd.-Spon ADR 0.99% 111,906 $5.4M Add +6.0%
UNH Unitedhealth Group Inc. 0.98% 17,094 $5.3M Reduce -11.2%
AEP American Electric Power 0.98% 51,263 $5.3M Add +4.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.95% 18,521 $5.2M Add +7.4%
HON Honeywell International Inc. 0.91% 21,200 $4.9M Add +2.3%
IVV iShares Core S&P 500 ETF 0.89% 7,741 $4.8M Add +60.6%
GOOG Alphabet Inc. Class C 0.86% 26,362 $4.7M Add +5.1%
MA Mastercard Inc. Class A 0.85% 8,167 $4.6M Add +3.0%
VGSH Vanguard Short-Term Treasury 0.84% 77,223 $4.5M Add +14.7%
NOC Northrop Grumman Corp. 0.81% 8,812 $4.4M Add +3.3%
IBB iShares Biotechnology ETF 0.77% 33,117 $4.2M Add +1224.7%
KKR KKR & Co. Inc. 0.74% 30,036 $4.0M Reduce -10.3%
APTV Aptiv PLC 0.72% 57,671 $3.9M Reduce -14.4%
RSG Republic Services Inc. 0.72% 15,851 $3.9M Add +3.0%
RSP Invesco S&P 500 Equal Weight 0.67% 19,962 $3.6M New
TM Toyota Motor Corp. -Spon ADR 0.63% 19,802 $3.4M Add +5.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.63% 5,517 $3.4M Add +7.0%
NEM Newmont Corp. 0.59% 54,692 $3.2M Reduce -17.4%
IEFA iShares Core MSCI Eafe ETF 0.54% 34,800 $2.9M Add +0.6%
ABBV Abbvie Inc. 0.53% 15,462 $2.9M Add +2.3%
USB US Bancorp 0.52% 62,437 $2.8M Add +15.0%
HD Home Depot Inc. 0.50% 7,468 $2.7M Reduce -4.8%
CP Canadian Pacific Kansas City 0.49% 33,810 $2.7M Add +7.5%
LLY Eli Lilly & Co. 0.42% 2,927 $2.3M Add +7.5%
IWF iShares Russell 1000 Growth 0.41% 5,217 $2.2M Reduce -4.9%
COST Costco Wholesale Corp. 0.39% 2,134 $2.1M Add +2.5%
ENB Enbridge Inc. 0.36% 43,655 $2.0M Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.34% 3,797 $1.8M Add +3.5%
IBIT iShares Bitcoin Trust ETF 0.33% 29,535 $1.8M Add +34.1%
FNDX Schwab Fndmntl US LRG Co. ETF 0.33% 73,446 $1.8M No change
IJR iShares Core S&P Small-Cap E 0.32% 16,083 $1.8M Add +64.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.28% 5,392 $1.5M Reduce -1.4%
LMT Lockheed Martin Corp. 0.27% 3,184 $1.5M Add +2.4%
INDY iShares India 50 ETF 0.26% 25,970 $1.4M Add +0.1%
COP Conocophillips 0.26% 15,595 $1.4M Add +7.4%
IJH iShares Core S&P Midcap ETF 0.25% 21,805 $1.4M No change
XBI SS SPDR S&P Biotech ETF 0.24% 15,881 $1.3M Reduce -73.2%
KO The Coca-Cola Co. 0.24% 18,157 $1.3M Add +3.0%
VB Vanguard Most SM-Cap ETF-Usd 0.24% 5,414 $1.3M Add +63.5%
XOM Exxon Mobil Corp. 0.24% 11,854 $1.3M Add +18.1%
NEE Nextera Energy Inc. 0.23% 18,135 $1.3M Reduce -18.6%
CRVL Corvel Corp. 0.23% 12,000 $1.2M No change
GLW Corning Inc. 0.23% 23,334 $1.2M Reduce -0.6%
TIP iShares Tips Bond ETF 0.22% 10,707 $1.2M Add +2.9%
PFE Pfizer Inc. 0.21% 46,649 $1.1M Reduce -10.5%
XLK SS Technology Select Sector 0.21% 4,459 $1.1M Reduce -8.6%
MCD McDonald's Corp. 0.20% 3,765 $1.1M Add +8.5%
IVE iShares S&P 500 Value ETF 0.19% 5,197 $1.0M New
IUSG iShares Core S&P U.S. Growth 0.19% 6,700 $1.0M No change
IHF iShares U.S. Healthcare Prov 0.18% 20,429 $994K New
LNC Lincoln National Corp. 0.17% 26,600 $920K Add +2.7%
IWP iShares Russell Mid-Cap Grow 0.17% 6,613 $917K Reduce -2.5%
TSLA Tesla Inc. 0.16% 2,810 $893K Add +17.8%
OKE Oneok Inc. 0.16% 10,695 $873K Add +24.0%
AZN Astrazeneca PLC-Spons ADR 0.15% 11,997 $838K Reduce -7.9%
D Dominion Energy Inc. 0.14% 13,700 $774K Add +3.0%
MS Morgan Stanley 0.14% 5,407 $762K Reduce -3.5%
XEXGX Eaton Vance Tax-Managed Glob 0.14% 86,000 $753K No change
DUK Duke Energy Corp. 0.14% 6,376 $752K Reduce -15.0%
MDT Medtronic PLC 0.14% 8,550 $745K Add +6.9%
CCI Crown Castle Inc. 0.14% 7,200 $740K Add +38.5%
AR Antero Resources Corp. 0.13% 17,750 $715K Add +6.1%
EMN Eastman Chemical Co. 0.13% 9,380 $700K Reduce -9.9%
OPPJ Wisdomtree Japan Opportuniti 0.12% 18,375 $672K Add +3.6%
TGT Target Corp. 0.12% 6,762 $667K Reduce -0.2%
IWM iShares Russell 2000 ETF 0.12% 3,082 $665K No change
GLD SPDR Gold Shares 0.12% 2,155 $657K No change
IVW iShares S&P 500 Growth ETF 0.12% 5,692 $627K New
VOO Vanguard S&P 500 ETF 0.12% 1,100 $625K No change
RF Regions Financial Corp. 0.11% 25,255 $594K Add +1.0%
AIRR First Trust Rba American Ind 0.11% 7,281 $593K Reduce -49.0%
T AT&T Inc. 0.11% 20,294 $587K Reduce -9.4%
SPG Simon Property Group Inc. 0.11% 3,572 $574K Add +1.1%
FE Firstenergy Corp. 0.10% 14,095 $567K Add +0.7%
PG The Procter & Gamble Co. 0.10% 3,556 $567K Add +7.0%
CG The Carlyle Group Inc. 0.10% 10,835 $557K Add +10.7%
ABT Abbott Laboratories 0.10% 4,065 $553K Add +5.1%
IWR iShares Russell Mid-Cap ETF 0.10% 5,915 $544K Reduce -10.8%
TRV The Travelers Cos Inc. 0.10% 2,019 $540K Add +2.3%
IWO iShares Russell 2000 Growth 0.10% 1,876 $536K No change
DCI Donaldson Co. Inc. 0.10% 7,603 $527K No change
SWK Stanley Black & Decker Inc. 0.10% 7,727 $524K Reduce -10.3%
TX Ternium SA-Sponsored ADR 0.09% 17,000 $512K Add +7.6%
EQIX Equinix Inc. 0.09% 628 $500K Reduce -15.6%
JNJ Johnson & Johnson 0.09% 3,232 $494K Reduce -71.1%
EIX Edison International 0.09% 9,269 $478K Add +4.2%
TDIV FT Nasdaq Tech DVD Index FD 0.09% 5,295 $477K New
SHV iShares 0-1 Year Treasury Bo 0.09% 4,245 $469K New
TEAM Atlassian Corp. Class A 0.09% 2,305 $468K Add +44.1%
EFX Equifax Inc. 0.08% 1,747 $453K New
CNQ Canadian Natural Resources 0.08% 14,422 $453K No change
HRL Hormel Foods Corp. 0.08% 14,690 $444K No change
QQQ Invesco QQQ Trust Series 1 0.08% 799 $441K Add +22.0%
NSC Norfolk Southern Corp. 0.08% 1,683 $431K Reduce -5.2%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.08% 2,200 $429K New
META Meta Platforms Inc. Class A 0.07% 532 $393K New
WMT Walmart Inc. 0.07% 3,982 $389K Add +36.5%
RTX RTX Corp. 0.07% 2,505 $366K Add +9.4%
NOW ServiceNow Inc. 0.06% 340 $350K Add +9.7%
IWS iShares Russell Mid-Cap Valu 0.06% 2,500 $330K No change
PHYS Sprott Physical Gold Trust 0.06% 13,000 $330K No change
MPC Marathon Petroleum Corp. 0.05% 1,795 $298K Add +4.4%
PLTR Palantir Technologies Inc. Class A 0.05% 2,102 $287K New
EFA iShares MSCI Eafe ETF 0.05% 3,195 $286K Reduce -11.3%
EXC Exelon Corp. 0.05% 6,287 $273K Reduce -1.0%
VTI VG Morningstar TS MKT ETF-US 0.05% 894 $272K Add +13.9%
AVR Anteris Technologies Global 0.05% 70,500 $267K New
TRU Transunion 0.05% 2,865 $252K Reduce -64.4%
WMB Williams Cos Inc. 0.05% 3,986 $250K Add +4.9%
IWN iShares Russell 2000 Value E 0.05% 1,578 $249K Reduce -16.0%
IWB iShares Russell 1000 ETF 0.05% 730 $248K No change
GILD Gilead Sciences Inc. 0.05% 2,228 $247K Reduce -48.2%
DGII Digi International Inc. 0.04% 7,000 $244K New
NFLX Netflix Inc. 0.04% 181 $242K New
WCN Waste Connections Inc. 0.04% 1,275 $238K No change
ORCL Oracle Corp. 0.04% 1,074 $235K New
WES Western Midstream Partners L 0.04% 5,800 $224K No change
RIO Rio Tinto PLC-Spon ADR 0.04% 3,800 $222K No change
XAR SS SPDR S&P Aerospace Def 0.04% 1,050 $221K New
XLF SS Financial Select Sector 0.04% 4,213 $221K Reduce -13.5%
CRM Salesforce Inc. 0.04% 809 $221K New
TSCO Tractor Supply Company 0.04% 4,060 $214K Add +1.5%
KMI Kinder Morgan Inc. 0.04% 7,149 $210K New
PLUG Plug Power Inc. 0.01% 40,450 $60K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $546K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 465$546KNo change

Total filed on the 13F, all lines: $543.4M.

Portfolio Sells Q1 2025 → Q2 2025
OWL Blue Owl Capital Inc. Sold out 0.00% −1.54
UNH Unitedhealth Group Inc. Reduce -11.2% 0.98% −1.16
AAPL Apple Inc. Reduce -1.7% 3.57% −0.98
XBI SS SPDR S&P Biotech ETF Reduce -73.2% 0.24% −0.78
FTV Fortive Corp. Sold out 0.00% −0.70
ZTS Zoetis Inc. Sold out 0.00% −0.50
NVT Nvent Electric PLC Sold out 0.00% −0.48
VIS Vanguard Industrials ETF Sold out 0.00% −0.47
JNJ Johnson & Johnson Reduce -71.1% 0.09% −0.30
CB Chubb Ltd. Reduce -4.1% 1.10% −0.28
GDXJ Vaneck Junior Gold Miners Reduce -17.2% 1.55% −0.28
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.23
FCX Freeport-McMoran Inc. Sold out 0.00% −0.14
APTV Aptiv PLC Reduce -14.4% 0.72% −0.13
HD Home Depot Inc. Reduce -4.8% 0.50% −0.11
NEE Nextera Energy Inc. Reduce -18.6% 0.23% −0.10
AIRR First Trust Rba American Ind Reduce -49.0% 0.11% −0.10
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.10
TRU Transunion Reduce -64.4% 0.05% −0.10
NEM Newmont Corp. Reduce -17.4% 0.59% −0.09
KKR KKR & Co. Inc. Reduce -10.3% 0.74% −0.09
PFE Pfizer Inc. Reduce -10.5% 0.21% −0.07
UEC Uranium Energy Corp. Sold out 0.00% −0.07
EMN Eastman Chemical Co. Reduce -9.9% 0.13% −0.07
GILD Gilead Sciences Inc. Reduce -48.2% 0.05% −0.06
DUK Duke Energy Corp. Reduce -15.0% 0.14% −0.06
BP BP PLC-Spons ADR Sold out 0.00% −0.05
USFR Wisdomtree Floating Rate Tre Sold out 0.00% −0.05
AZN Astrazeneca PLC-Spons ADR Reduce -7.9% 0.15% −0.05
XLI SS Industrial Select Sector Sold out 0.00% −0.05
ENB Enbridge Inc. Reduce -0.2% 0.36% −0.05
PEP Pepsico Inc. Sold out 0.00% −0.04
SWK Stanley Black & Decker Inc. Reduce -10.3% 0.10% −0.04
EQIX Equinix Inc. Reduce -15.6% 0.09% −0.04
TT Trane Technologies PLC Reduce -13.6% 1.21% −0.04
ETHA iShares Ethereum Trust ETF Sold out 0.00% −0.03
TGT Target Corp. Reduce -0.2% 0.12% −0.03
T AT&T Inc. Reduce -9.4% 0.11% −0.03
GOOGL Alphabet Inc. Class A Reduce -0.6% 1.23% −0.02
IWR iShares Russell Mid-Cap ETF Reduce -10.8% 0.10% −0.02
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -1.4% 0.28% −0.02
IWN iShares Russell 2000 Value E Reduce -16.0% 0.05% −0.01
IWF iShares Russell 1000 Growth Reduce -4.9% 0.41% −0.01
EXC Exelon Corp. Reduce -1.0% 0.05% −0.01
XLF SS Financial Select Sector Reduce -13.5% 0.04% −0.01
NSC Norfolk Southern Corp. Reduce -5.2% 0.08% −0.01
EFA iShares MSCI Eafe ETF Reduce -11.3% 0.05% −0.01
XLK SS Technology Select Sector Reduce -8.6% 0.21% −0.01
GLW Corning Inc. Reduce -0.6% 0.23% −0.00
IWP iShares Russell Mid-Cap Grow Reduce -2.5% 0.17% −0.00

Portfolio Buys Q1 2025 → Q2 2025
SHY iShares 1-3 Year Treasury Bo Add +128.1% 2.77% +1.37
SFM Sprouts Farmers Market Inc. New 1.21% +1.21
NVDA Nvidia Corp. Add +0.5% 5.58% +1.18
AGX Argan Inc. New 1.00% +1.00
AVGO Broadcom Inc. Add +2.7% 2.44% +0.77
ETN Eaton Corp. PLC Add +106.2% 1.25% +0.72
IBB iShares Biotechnology ETF Add +1224.7% 0.77% +0.70
RSP Invesco S&P 500 Equal Weight New 0.67% +0.67
NET Cloudflare Inc. Class A Add +7.7% 1.45% +0.55
MSFT Microsoft Corp. Add +3.7% 3.24% +0.51
CEG Constellation Energy Add +2.4% 1.44% +0.42
SPOT Spotify Technology SA Add +17.9% 1.07% +0.32
IVV iShares Core S&P 500 ETF Add +60.6% 0.89% +0.31
MELI MercadoLibre Inc. Add +9.5% 1.04% +0.22
PANW Palo Alto Networks Inc. Add +5.0% 2.39% +0.19
IVE iShares S&P 500 Value ETF New 0.19% +0.19
IHF iShares U.S. Healthcare Prov New 0.18% +0.18
EMBJ Embraer SA-Spon ADR Add +7.8% 1.26% +0.16
AMZN Amazon.com Inc. Add +6.7% 2.44% +0.15
IVW iShares S&P 500 Growth ETF New 0.12% +0.12
IBIT iShares Bitcoin Trust ETF Add +34.1% 0.33% +0.11
IJR iShares Core S&P Small-Cap E Add +64.2% 0.32% +0.11
TDIV FT Nasdaq Tech DVD Index FD New 0.09% +0.09
SHV iShares 0-1 Year Treasury Bo New 0.09% +0.09
EFX Equifax Inc. New 0.08% +0.08
JPM JPMorgan Chase & Co. Add +1.2% 2.46% +0.08
VB Vanguard Most SM-Cap ETF-Usd Add +63.5% 0.24% +0.08
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.08% +0.08
RODM Hartford Multifact Dev MRKT Add +10.7% 1.48% +0.07
META Meta Platforms Inc. Class A New 0.07% +0.07
AXP American Express Co. Add +0.8% 1.64% +0.05
BAC Bank of America Corp. Add +5.0% 1.82% +0.05
PLTR Palantir Technologies Inc. Class A New 0.05% +0.05
AVR Anteris Technologies Global New 0.05% +0.05
DGII Digi International Inc. New 0.04% +0.04
NFLX Netflix Inc. New 0.04% +0.04
ORCL Oracle Corp. New 0.04% +0.04
ECL Ecolab Inc. Add +11.9% 1.50% +0.04
XAR SS SPDR S&P Aerospace Def New 0.04% +0.04
CRM Salesforce Inc. New 0.04% +0.04
KMI Kinder Morgan Inc. New 0.04% +0.04
TSLA Tesla Inc. Add +17.8% 0.16% +0.03
USB US Bancorp Add +15.0% 0.52% +0.03
GOOG Alphabet Inc. Class C Add +5.1% 0.86% +0.03
CP Canadian Pacific Kansas City Add +7.5% 0.49% +0.02
CCI Crown Castle Inc. Add +38.5% 0.14% +0.02
WMT Walmart Inc. Add +36.5% 0.07% +0.02
QQQ Invesco QQQ Trust Series 1 Add +22.0% 0.08% +0.02
TEAM Atlassian Corp. Class A Add +44.1% 0.09% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +7.0% 0.63% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 202$739.8MNVDA, PANW, AAPL, DELL, RODM
Q1 2026 165$637.8MNVDA, AAPL, RODM, GDXJ, MSFT
Q4 2025 182$639.1MNVDA, AAPL, MSFT, AMZN, JPM
Q3 2025 163$580.4MNVDA, AAPL, MSFT, AVGO, SHY
Q2 2025 164$542.8MNVDA, AAPL, MSFT, SHY, V
Q1 2025 159$469.5MAAPL, NVDA, MSFT, V, JPM
Q4 2024 161$479.1MNVDA, AAPL, MSFT, AMZN, AVGO