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

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 Q2 2025 Q3 2025: $580.4M $580.4M Q3 2025 Q4 2025: $639.1M Q4 2025 Q1 2026: $637.8M Q1 2026 Q2 2026: $739.8M Q2 2026

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%
OPPJ Wisdomtree Japan Opportuniti 0.13% 18,215 $759K Reduce -0.9%
DUK Duke Energy Corp. 0.13% 6,076 $752K Reduce -4.7%
IWM iShares Russell 2000 ETF 0.13% 3,082 $746K No change
AIRR First Trust Rba American Ind 0.12% 7,351 $711K Add +1.0%
IVW iShares S&P 500 Growth ETF 0.12% 5,692 $687K No change
CG The Carlyle Group Inc. 0.12% 10,775 $676K Reduce -0.6%
VOO Vanguard S&P 500 ETF 0.12% 1,100 $674K No change
SPG Simon Property Group Inc. 0.12% 3,572 $670K No change
RF Regions Financial Corp. 0.11% 25,255 $666K No change
AR Antero Resources Corp. 0.11% 19,360 $650K Add +9.1%
FE Firstenergy Corp. 0.11% 14,095 $646K No change
TX Ternium SA-Sponsored ADR 0.11% 18,000 $625K Add +5.9%
DHI D.R. Horton Inc. 0.11% 3,680 $624K New
DCI Donaldson Co. Inc. 0.11% 7,603 $622K No change
EIX Edison International 0.11% 11,069 $612K Add +19.4%
JNJ Johnson & Johnson 0.10% 3,232 $599K No change
TGT Target Corp. 0.10% 6,547 $587K Reduce -3.2%
IWR iShares Russell Mid-Cap ETF 0.10% 5,916 $571K Add +0.0%
TRV The Travelers Cos Inc. 0.10% 2,019 $564K No change
PG The Procter & Gamble Co. 0.09% 3,556 $546K No change
IWO iShares Russell 2000 Growth 0.09% 1,701 $544K Reduce -9.3%
SWK Stanley Black & Decker Inc. 0.09% 7,292 $542K Reduce -5.6%
ABT Abbott Laboratories 0.09% 3,965 $531K Reduce -2.5%
TDIV FT Nasdaq Tech DVD Index FD 0.09% 5,295 $522K No change
NSC Norfolk Southern Corp. 0.09% 1,723 $518K Add +2.4%
EQIX Equinix Inc. 0.08% 628 $492K No change
QQQ Invesco QQQ Trust Series 1 0.08% 799 $480K No change
EFX Equifax Inc. 0.08% 1,802 $462K Add +3.1%
CNQ Canadian Natural Resources 0.08% 14,422 $461K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.08% 2,200 $459K No change
ZS Zscaler Inc. 0.08% 1,528 $458K New
META Meta Platforms Inc. Class A 0.08% 622 $457K Add +16.9%
T AT&T Inc. 0.07% 15,314 $432K Reduce -24.5%
RTX RTX Corp. 0.07% 2,505 $419K No change
WMT Walmart Inc. 0.07% 3,982 $410K No change
AVR Anteris Technologies Global 0.07% 91,000 $410K Add +29.1%
SHV iShares 0-1 Year Treasury Bo 0.07% 3,700 $409K Reduce -12.8%
PHYS Sprott Physical Gold Trust 0.07% 13,000 $385K No change
PLTR Palantir Technologies Inc. Class A 0.07% 2,102 $383K No change
HRL Hormel Foods Corp. 0.06% 14,690 $363K No change
IWS iShares Russell Mid-Cap Valu 0.06% 2,500 $349K No change
MPC Marathon Petroleum Corp. 0.06% 1,795 $346K No change
EFA iShares MSCI Eafe ETF 0.06% 3,470 $324K Add +8.6%
NOW ServiceNow Inc. 0.05% 345 $317K Add +1.5%
VTI VG Morningstar TS MKT ETF-US 0.05% 941 $309K Add +5.3%
ORCL Oracle Corp. 0.05% 1,074 $302K No change
EXC Exelon Corp. 0.05% 6,287 $283K No change
NFLX Netflix Inc. 0.05% 233 $279K Add +28.7%
IWN iShares Russell 2000 Value E 0.05% 1,578 $279K No change
IWB iShares Russell 1000 ETF 0.05% 730 $267K No change
DGII Digi International Inc. 0.04% 7,000 $255K No change
WMB Williams Cos Inc. 0.04% 3,986 $253K No change
RIO Rio Tinto PLC-Spon ADR 0.04% 3,800 $251K No change
XAR SS SPDR S&P Aerospace Def 0.04% 1,050 $247K No change
TRU Transunion 0.04% 2,925 $245K Add +2.1%
TSCO Tractor Supply Company 0.04% 4,060 $231K No change
WES Western Midstream Partners L 0.04% 5,800 $228K No change
XLF SS Financial Select Sector 0.04% 4,213 $227K No change
WCN Waste Connections Inc. 0.04% 1,275 $224K No change
KGC Kinross Gold Corp. 0.04% 8,500 $211K New
SIL Global X Silver Miners ETF 0.04% 2,915 $209K New
BKR Baker Hughes Co. 0.04% 4,268 $208K New
KMI Kinder Morgan Inc. 0.03% 7,149 $202K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $574K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 465$574KNo 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

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