Bearing Point Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Bearing Point Capital, LLC reported 163 stock positions worth $580.4 million. Its top holding was Nvidia (NVDA) at 6.1% of the portfolio, followed by Apple (AAPL, 4.1%) and Microsoft (MSFT, 3.1%). Compared with Q2 2025, it opened 6 new positions, sold out of 7, added to 56 and reduced 52. The biggest buy was Vaneck Junior Gold Miners (GDXJ, shares +1%) and the biggest sale Sprouts Farmers Market (SFM, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0002052916
- Portfolio Value
- $580.4M (Q3 2025)
- SEC Filing
- 0001765380-25-000475 ↗ filed Nov 12, 2025
Holdings Value
Holdings 163 stocks · $580.4M
| NVDA Nvidia Corp. | 6.11% | 190,163 | $35.5M | Reduce -0.9% |
| AAPL Apple Inc. | 4.05% | 92,415 | $23.5M | Reduce -2.3% |
| MSFT Microsoft Corp. | 3.15% | 35,286 | $18.3M | Reduce -0.2% |
| AVGO Broadcom Inc. | 2.58% | 45,303 | $14.9M | Reduce -5.8% |
| SHY iShares 1-3 Year Treasury Bo | 2.48% | 173,410 | $14.4M | Reduce -4.4% |
| JPM JPMorgan Chase & Co. | 2.48% | 45,552 | $14.4M | Reduce -1.0% |
| PANW Palo Alto Networks Inc. | 2.39% | 68,022 | $13.9M | Add +7.5% |
| AMZN Amazon.com Inc. | 2.27% | 60,132 | $13.2M | Reduce -0.2% |
| V Visa Inc. Class A | 2.23% | 37,955 | $13.0M | Add +0.0% |
| GDXJ Vaneck Junior Gold Miners | 2.13% | 124,877 | $12.4M | Add +0.5% |
| ADM Archer-Daniels-Midland Co. | 1.96% | 190,000 | $11.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.85% | 208,332 | $10.7M | Reduce -0.4% |
| HWM Howmet Aerospace Inc. | 1.69% | 49,862 | $9.8M | Add +0.1% |
| AXP American Express Co. | 1.60% | 27,894 | $9.3M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 1.59% | 38,014 | $9.2M | Add +0.5% |
| VEEV Veeva Systems Inc. Class A | 1.52% | 29,587 | $8.8M | Add +2.0% |
| NET Cloudflare Inc. Class A | 1.48% | 40,070 | $8.6M | Reduce -0.0% |
| RODM Hartford Multifact Dev MRKT | 1.46% | 238,221 | $8.5M | Add +1.0% |
| CME Cme Group Inc. | 1.44% | 30,983 | $8.4M | Add +2.5% |
| ECL Ecolab Inc. | 1.44% | 30,416 | $8.3M | Add +0.6% |
| MDY State Street SPDR S&P Midcap | 1.43% | 13,921 | $8.3M | Reduce -1.1% |
| CEG Constellation Energy | 1.36% | 24,066 | $7.9M | Reduce -0.3% |
| DELL Dell Technologies -C | 1.35% | 55,165 | $7.8M | Reduce -0.3% |
| SYK Stryker Corp. | 1.31% | 20,612 | $7.6M | Add +1.3% |
| DHR Danaher Corp. | 1.27% | 37,272 | $7.4M | Reduce -0.4% |
| EMBJ Embraer SA-Spon ADR | 1.26% | 120,783 | $7.3M | Add +0.9% |
| CVX Chevron Corp. | 1.25% | 46,575 | $7.2M | Add +0.5% |
| ETN Eaton Corp. PLC | 1.23% | 19,107 | $7.2M | Add +0.4% |
| ACN Accenture PLC Class A | 1.21% | 28,433 | $7.0M | Add +20.7% |
| SU Suncor Energy Inc. | 1.19% | 165,531 | $6.9M | Reduce -0.1% |
| DXJ Wisdomtree Japan Hedged Eq | 1.19% | 54,028 | $6.9M | Add +0.3% |
| AGX Argan Inc. | 1.17% | 25,084 | $6.8M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 1.10% | 26,304 | $6.4M | Reduce -0.2% |
| TT Trane Technologies PLC | 1.10% | 15,121 | $6.4M | Add +0.9% |
| BHP BHP Group Ltd.-Spon ADR | 1.10% | 114,426 | $6.4M | Add +2.3% |
| VEA Vanguard Ftse Developed ETF | 1.07% | 103,743 | $6.2M | Add +0.7% |
| INDA iShares MSCI India ETF | 1.07% | 119,343 | $6.2M | Add +0.8% |
| CTVA Corteva Inc. | 1.05% | 89,986 | $6.1M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 1.05% | 17,573 | $6.1M | Add +2.8% |
| CB Chubb Ltd. | 1.02% | 21,001 | $5.9M | Add +1.9% |
| SPOT Spotify Technology SA | 0.95% | 7,878 | $5.5M | Add +4.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.94% | 18,646 | $5.5M | Add +0.7% |
| NOC Northrop Grumman Corp. | 0.93% | 8,897 | $5.4M | Add +1.0% |
| MELI MercadoLibre Inc. | 0.90% | 2,223 | $5.2M | Add +3.4% |
| AEP American Electric Power | 0.88% | 45,408 | $5.1M | Reduce -11.4% |
| APTV Aptiv PLC | 0.87% | 58,246 | $5.0M | Add +1.0% |
| IVV iShares Core S&P 500 ETF | 0.84% | 7,299 | $4.9M | Reduce -5.7% |
| IBB iShares Biotechnology ETF | 0.83% | 33,569 | $4.8M | Add +1.4% |
| NEM Newmont Corp. | 0.83% | 57,172 | $4.8M | Add +4.5% |
| MA Mastercard Inc. Class A | 0.80% | 8,190 | $4.7M | Add +0.3% |
| KKR KKR & Co. Inc. | 0.77% | 34,511 | $4.5M | Add +14.9% |
| HON Honeywell International Inc. | 0.77% | 21,207 | $4.5M | Add +0.0% |
| VGSH Vanguard Short-Term Treasury | 0.71% | 69,637 | $4.1M | Reduce -9.8% |
| RSP Invesco S&P 500 Equal Weight | 0.65% | 19,962 | $3.8M | No change |
| RSG Republic Services Inc. | 0.64% | 16,288 | $3.7M | Add +2.8% |
| TM Toyota Motor Corp. -Spon ADR | 0.64% | 19,512 | $3.7M | Reduce -1.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 5,512 | $3.7M | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.57% | 14,246 | $3.3M | Reduce -7.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.52% | 34,800 | $3.0M | No change |
| HD Home Depot Inc. | 0.52% | 7,405 | $3.0M | Reduce -0.8% |
| USB US Bancorp | 0.51% | 60,962 | $2.9M | Reduce -2.4% |
| IBIT iShares Bitcoin Trust ETF | 0.47% | 41,746 | $2.7M | Add +41.3% |
| CP Canadian Pacific Kansas City | 0.45% | 35,140 | $2.6M | Add +3.9% |
| IWF iShares Russell 1000 Growth | 0.42% | 5,213 | $2.4M | Reduce -0.1% |
| VCR Vanguard Consumer Discre ETF | 0.41% | 6,065 | $2.4M | New |
| ENB Enbridge Inc. | 0.38% | 43,415 | $2.2M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.35% | 2,674 | $2.0M | Reduce -8.6% |
| COST Costco Wholesale Corp. | 0.34% | 2,134 | $2.0M | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.33% | 73,446 | $1.9M | No change |
| IJR iShares Core S&P Small-Cap E | 0.33% | 16,083 | $1.9M | No change |
| GLW Corning Inc. | 0.32% | 22,974 | $1.9M | Reduce -1.5% |
| SFM Sprouts Farmers Market Inc. | 0.32% | 17,133 | $1.9M | Reduce -57.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.31% | 3,587 | $1.8M | Reduce -5.5% |
| XBI SS SPDR S&P Biotech ETF | 0.29% | 16,521 | $1.7M | Add +4.0% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.26% | 4,948 | $1.5M | Reduce -8.2% |
| TSLA Tesla Inc. | 0.25% | 3,285 | $1.5M | Add +16.9% |
| COP Conocophillips | 0.25% | 15,335 | $1.5M | Reduce -1.7% |
| LMT Lockheed Martin Corp. | 0.25% | 2,868 | $1.4M | Reduce -9.9% |
| IJH iShares Core S&P Midcap ETF | 0.25% | 21,805 | $1.4M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 5,454 | $1.4M | Add +0.7% |
| INDY iShares India 50 ETF | 0.23% | 26,255 | $1.3M | Add +1.1% |
| NEE Nextera Energy Inc. | 0.23% | 17,405 | $1.3M | Reduce -4.0% |
| XLK SS Technology Select Sector | 0.22% | 4,459 | $1.3M | No change |
| KO The Coca-Cola Co. | 0.20% | 17,902 | $1.2M | Reduce -1.4% |
| PFE Pfizer Inc. | 0.20% | 46,099 | $1.2M | Reduce -1.2% |
| TIP iShares Tips Bond ETF | 0.20% | 10,492 | $1.2M | Reduce -2.0% |
| XOM Exxon Mobil Corp. | 0.20% | 10,254 | $1.2M | Reduce -13.5% |
| IUSG iShares Core S&P U.S. Growth | 0.19% | 6,700 | $1.1M | No change |
| IVE iShares S&P 500 Value ETF | 0.18% | 5,197 | $1.1M | No change |
| LNC Lincoln National Corp. | 0.18% | 26,600 | $1.1M | No change |
| MCD McDonald's Corp. | 0.18% | 3,510 | $1.1M | Reduce -6.8% |
| IWP iShares Russell Mid-Cap Grow | 0.16% | 6,613 | $942K | No change |
| CRVL Corvel Corp. | 0.16% | 12,000 | $929K | No change |
| D Dominion Energy Inc. | 0.15% | 14,400 | $881K | Add +5.1% |
| MS Morgan Stanley | 0.15% | 5,407 | $859K | No change |
| XEXGX Eaton Vance Tax-Managed Glob | 0.15% | 94,000 | $855K | Add +9.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.15% | 11,072 | $849K | Reduce -7.7% |
| MDT Medtronic PLC | 0.14% | 8,510 | $810K | Reduce -0.5% |
| CCI Crown Castle Inc. | 0.13% | 8,100 | $782K | Add +12.5% |
| GLD SPDR Gold Shares | 0.13% | 2,135 | $759K | Reduce -0.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $574K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 465 | $574K | No change |
Total filed on the 13F, all lines: $581.0M.
Portfolio Sells Q2 2025 → Q3 2025
| SFM Sprouts Farmers Market Inc. | Reduce -57.2% | 0.32% | −0.89 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -4.4% | 2.48% | −0.29 |
| CTVA Corteva Inc. | Reduce -1.0% | 1.05% | −0.20 |
| IHF iShares U.S. Healthcare Prov | Sold out | 0.00% | −0.18 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 2.27% | −0.16 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.16 |
| VGSH Vanguard Short-Term Treasury | Reduce -9.8% | 0.71% | −0.13 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.13 |
| AEP American Electric Power | Reduce -11.4% | 0.88% | −0.10 |
| MSFT Microsoft Corp. | Reduce -0.2% | 3.15% | −0.09 |
| DHR Danaher Corp. | Reduce -0.4% | 1.27% | −0.09 |
| TEAM Atlassian Corp. Class A | Sold out | 0.00% | −0.09 |
| CEG Constellation Energy | Reduce -0.3% | 1.36% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -8.6% | 0.35% | −0.07 |
| AXP American Express Co. | Reduce -0.2% | 1.60% | −0.05 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.05 |
| IVV iShares Core S&P 500 ETF | Reduce -5.7% | 0.84% | −0.04 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.04 |
| MDY State Street SPDR S&P Midcap | Reduce -1.1% | 1.43% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -13.5% | 0.20% | −0.04 |
| T AT&T Inc. | Reduce -24.5% | 0.07% | −0.03 |
| KO The Coca-Cola Co. | Reduce -1.4% | 0.20% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.5% | 0.31% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -9.9% | 0.25% | −0.03 |
| TGT Target Corp. | Reduce -3.2% | 0.10% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -8.2% | 0.26% | −0.02 |
| MCD McDonald's Corp. | Reduce -6.8% | 0.18% | −0.02 |
| TIP iShares Tips Bond ETF | Reduce -2.0% | 0.20% | −0.02 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -12.8% | 0.07% | −0.02 |
| USB US Bancorp | Reduce -2.4% | 0.51% | −0.01 |
| PLUG Plug Power Inc. | Sold out | 0.00% | −0.01 |
| ABT Abbott Laboratories | Reduce -2.5% | 0.09% | −0.01 |
| DUK Duke Energy Corp. | Reduce -4.7% | 0.13% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -7.7% | 0.15% | −0.01 |
| COP Conocophillips | Reduce -1.7% | 0.25% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.2% | 0.20% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -4.0% | 0.23% | −0.01 |
| IWO iShares Russell 2000 Growth | Reduce -9.3% | 0.09% | −0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -5.6% | 0.09% | −0.00 |
| MDT Medtronic PLC | Reduce -0.5% | 0.14% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 0.63% | +0.00 |
| OPPJ Wisdomtree Japan Opportuniti | Reduce -0.9% | 0.13% | +0.01 |
| GLD SPDR Gold Shares | Reduce -0.9% | 0.13% | +0.01 |
| HD Home Depot Inc. | Reduce -0.8% | 0.52% | +0.01 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 0.42% | +0.01 |
| ENB Enbridge Inc. | Reduce -0.6% | 0.38% | +0.01 |
| CG The Carlyle Group Inc. | Reduce -0.6% | 0.12% | +0.01 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -1.5% | 0.64% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -1.0% | 2.48% | +0.02 |
| BAC Bank of America Corp. | Reduce -0.4% | 1.85% | +0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| GDXJ Vaneck Junior Gold Miners | Add +0.5% | 2.13% | +0.58 |
| VCR Vanguard Consumer Discre ETF | New | 0.41% | +0.41 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 1.59% | +0.36 |
| NEM Newmont Corp. | Add +4.5% | 0.83% | +0.24 |
| AGX Argan Inc. | Add +1.6% | 1.17% | +0.16 |
| APTV Aptiv PLC | Add +1.0% | 0.87% | +0.14 |
| IBIT iShares Bitcoin Trust ETF | Add +41.3% | 0.47% | +0.13 |
| NOC Northrop Grumman Corp. | Add +1.0% | 0.93% | +0.12 |
| BHP BHP Group Ltd.-Spon ADR | Add +2.3% | 1.10% | +0.11 |
| DHI D.R. Horton Inc. | New | 0.11% | +0.11 |
| TSLA Tesla Inc. | Add +16.9% | 0.25% | +0.09 |
| ZS Zscaler Inc. | New | 0.08% | +0.08 |
| IBB iShares Biotechnology ETF | Add +1.4% | 0.83% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +2.8% | 1.05% | +0.06 |
| DXJ Wisdomtree Japan Hedged Eq | Add +0.3% | 1.19% | +0.06 |
| XBI SS SPDR S&P Biotech ETF | Add +4.0% | 0.29% | +0.04 |
| KKR KKR & Co. Inc. | Add +14.9% | 0.77% | +0.04 |
| KGC Kinross Gold Corp. | New | 0.04% | +0.04 |
| SIL Global X Silver Miners ETF | New | 0.04% | +0.04 |
| BKR Baker Hughes Co. | New | 0.04% | +0.04 |
| CVX Chevron Corp. | Add +0.5% | 1.25% | +0.02 |
| AVR Anteris Technologies Global | Add +29.1% | 0.07% | +0.02 |
| EIX Edison International | Add +19.4% | 0.11% | +0.02 |
| TX Ternium SA-Sponsored ADR | Add +5.9% | 0.11% | +0.01 |
| AIRR First Trust Rba American Ind | Add +1.0% | 0.12% | +0.01 |
| NSC Norfolk Southern Corp. | Add +2.4% | 0.09% | +0.01 |
| D Dominion Energy Inc. | Add +5.1% | 0.15% | +0.01 |
| XEXGX Eaton Vance Tax-Managed Glob | Add +9.3% | 0.15% | +0.01 |
| META Meta Platforms Inc. Class A | Add +16.9% | 0.08% | +0.01 |
| NFLX Netflix Inc. | Add +28.7% | 0.05% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +8.6% | 0.06% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.3% | 0.05% | +0.00 |
| EMBJ Embraer SA-Spon ADR | Add +0.9% | 1.26% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.7% | 0.24% | +0.00 |
| PANW Palo Alto Networks Inc. | Add +7.5% | 2.39% | +0.00 |
| CCI Crown Castle Inc. | Add +12.5% | 0.13% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +0.0% | 0.10% | −0.00 |
| EFX Equifax Inc. | Add +3.1% | 0.08% | −0.00 |
| TRU Transunion | Add +2.1% | 0.04% | −0.00 |
| NOW ServiceNow Inc. | Add +1.5% | 0.05% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.7% | 1.07% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.7% | 0.94% | −0.01 |
| ETN Eaton Corp. PLC | Add +0.4% | 1.23% | −0.02 |
| AR Antero Resources Corp. | Add +9.1% | 0.11% | −0.02 |
| VEEV Veeva Systems Inc. Class A | Add +2.0% | 1.52% | −0.02 |
| HWM Howmet Aerospace Inc. | Add +0.1% | 1.69% | −0.02 |
| RODM Hartford Multifact Dev MRKT | Add +1.0% | 1.46% | −0.02 |
| INDY iShares India 50 ETF | Add +1.1% | 0.23% | −0.03 |
| CP Canadian Pacific Kansas City | Add +3.9% | 0.45% | −0.04 |
| MA Mastercard Inc. Class A | Add +0.3% | 0.80% | −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 |