Bearing Point Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Bearing Point Capital, LLC reported 182 stock positions worth $639.1 million. Its top holding was Nvidia (NVDA) at 5.6% of the portfolio, followed by Apple (AAPL, 4.1%) and Microsoft (MSFT, 2.9%). Compared with Q3 2025, it opened 30 new positions, sold out of 12, added to 104 and reduced 21. The biggest buy was Antero Resources (AR, shares +641%) and the biggest sale Veeva Systems Class A (VEEV, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- BLOOMINGTON, MN
- CIK
- 0002052916
- Portfolio Value
- $639.1M (Q4 2025)
- SEC Filing
- 0001765380-26-000086 ↗ filed Feb 10, 2026
Holdings Value
Holdings 182 stocks · $639.1M
| NVDA Nvidia Corp. | 5.62% | 192,498 | $35.9M | Add +1.2% |
| AAPL Apple Inc. | 4.10% | 96,399 | $26.2M | Add +4.3% |
| MSFT Microsoft Corp. | 2.90% | 38,290 | $18.5M | Add +8.5% |
| AMZN Amazon.com Inc. | 2.48% | 68,654 | $15.8M | Add +14.2% |
| JPM JPMorgan Chase & Co. | 2.44% | 48,417 | $15.6M | Add +6.3% |
| GDXJ Vaneck Junior Gold Miners | 2.40% | 134,648 | $15.3M | Add +7.8% |
| AVGO Broadcom Inc. | 2.36% | 43,547 | $15.1M | Reduce -3.9% |
| V Visa Inc. Class A | 2.25% | 40,911 | $14.3M | Add +7.8% |
| PANW Palo Alto Networks Inc. | 2.12% | 73,623 | $13.6M | Add +8.2% |
| GOOGL Alphabet Inc. Class A | 2.01% | 40,939 | $12.8M | Add +7.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.92% | 222,877 | $12.3M | Add +7.0% |
| AXP American Express Co. | 1.76% | 30,441 | $11.3M | Add +9.1% |
| HWM Howmet Aerospace Inc. | 1.75% | 54,619 | $11.2M | Add +9.5% |
| ADM Archer-Daniels-Midland Co. | 1.71% | 190,000 | $10.9M | No change |
| RODM Hartford Multifact Dev MRKT | 1.62% | 280,032 | $10.4M | Add +17.6% |
| SHY iShares 1-3 Year Treasury Bo | 1.54% | 118,615 | $9.8M | Reduce -31.6% |
| CME Cme Group Inc. | 1.49% | 34,881 | $9.5M | Add +12.6% |
| DHR Danaher Corp. | 1.47% | 40,909 | $9.4M | Add +9.8% |
| CEG Constellation Energy | 1.43% | 25,880 | $9.1M | Add +7.5% |
| GOOG Alphabet Inc. Class C | 1.40% | 28,604 | $9.0M | Add +8.7% |
| ECL Ecolab Inc. | 1.40% | 33,985 | $8.9M | Add +11.7% |
| NET Cloudflare Inc. Class A | 1.37% | 44,539 | $8.8M | Add +11.2% |
| AGX Argan Inc. | 1.32% | 27,020 | $8.5M | Add +7.7% |
| DXJ Wisdomtree Japan Hedged Eq | 1.32% | 58,531 | $8.4M | Add +8.3% |
| EMBJ Embraer SA-Spon ADR | 1.32% | 130,745 | $8.4M | Add +8.3% |
| MDY State Street SPDR S&P Midcap | 1.30% | 13,808 | $8.3M | Reduce -0.8% |
| SYK Stryker Corp. | 1.27% | 23,180 | $8.1M | Add +12.5% |
| SU Suncor Energy Inc. | 1.25% | 179,844 | $8.0M | Add +8.7% |
| ACN Accenture PLC Class A | 1.22% | 29,046 | $7.8M | Add +2.2% |
| BHP BHP Group Ltd.-Spon ADR | 1.18% | 125,425 | $7.6M | Add +9.6% |
| CVX Chevron Corp. | 1.18% | 49,649 | $7.6M | Add +6.6% |
| DELL Dell Technologies -C | 1.18% | 60,095 | $7.6M | Add +8.9% |
| CB Chubb Ltd. | 1.15% | 23,565 | $7.4M | Add +12.2% |
| INDA iShares MSCI India ETF | 1.08% | 128,095 | $6.9M | Add +7.3% |
| VEA Vanguard Ftse Developed ETF | 1.07% | 109,305 | $6.8M | Add +5.4% |
| ETN Eaton Corp. PLC | 1.07% | 21,418 | $6.8M | Add +12.1% |
| TT Trane Technologies PLC | 1.03% | 16,983 | $6.6M | Add +12.3% |
| CTVA Corteva Inc. | 1.02% | 96,876 | $6.5M | Add +7.7% |
| NEM Newmont Corp. | 0.99% | 63,128 | $6.3M | Add +10.4% |
| IBB iShares Biotechnology ETF | 0.94% | 35,454 | $6.0M | Add +5.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.93% | 20,412 | $5.9M | Add +9.5% |
| AEP American Electric Power | 0.92% | 50,883 | $5.9M | Add +12.1% |
| NOC Northrop Grumman Corp. | 0.88% | 9,816 | $5.6M | Add +10.3% |
| MA Mastercard Inc. Class A | 0.80% | 8,998 | $5.1M | Add +9.9% |
| IVV iShares Core S&P 500 ETF | 0.78% | 7,305 | $5.0M | Add +0.1% |
| AR Antero Resources Corp. | 0.77% | 143,451 | $4.9M | Add +641.0% |
| APTV Aptiv PLC | 0.76% | 64,019 | $4.9M | Add +9.9% |
| MELI MercadoLibre Inc. | 0.75% | 2,392 | $4.8M | Add +7.6% |
| TM Toyota Motor Corp. -Spon ADR | 0.71% | 21,241 | $4.5M | Add +8.9% |
| HON Honeywell International Inc. | 0.70% | 22,893 | $4.5M | Add +8.0% |
| RSP Invesco S&P 500 Equal Weight | 0.70% | 23,262 | $4.5M | Add +16.5% |
| KKR KKR & Co. Inc. | 0.65% | 32,711 | $4.2M | Reduce -5.2% |
| SPOT Spotify Technology SA | 0.65% | 7,124 | $4.1M | Reduce -9.6% |
| RSG Republic Services Inc. | 0.62% | 18,741 | $4.0M | Add +15.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 5,601 | $3.8M | Add +1.6% |
| VEEV Veeva Systems Inc. Class A | 0.57% | 16,228 | $3.6M | Reduce -45.1% |
| VHT Vanguard Health Care ETF | 0.55% | 12,262 | $3.5M | New |
| ALAB Astera Labs Inc. | 0.55% | 21,145 | $3.5M | New |
| BOTZ Global X Robotics & Artifici | 0.55% | 96,625 | $3.5M | New |
| IEFA iShares Core MSCI Eafe ETF | 0.53% | 38,150 | $3.4M | Add +9.6% |
| USB US Bancorp | 0.53% | 63,064 | $3.4M | Add +3.5% |
| ABBV Abbvie Inc. | 0.52% | 14,552 | $3.3M | Add +2.1% |
| EWG iShares MSCI Germany ETF | 0.50% | 75,027 | $3.2M | New |
| LLY Eli Lilly & Co. | 0.47% | 2,777 | $3.0M | Add +3.9% |
| CP Canadian Pacific Kansas City | 0.47% | 40,386 | $3.0M | Add +14.9% |
| HD Home Depot Inc. | 0.42% | 7,769 | $2.7M | Add +4.9% |
| XBI SS SPDR S&P Biotech ETF | 0.41% | 21,352 | $2.6M | Add +29.2% |
| IWF iShares Russell 1000 Growth | 0.39% | 5,240 | $2.5M | Add +0.5% |
| ENB Enbridge Inc. | 0.34% | 45,232 | $2.2M | Add +4.2% |
| VGSH Vanguard Short-Term Treasury | 0.33% | 36,200 | $2.1M | Reduce -48.0% |
| GLW Corning Inc. | 0.33% | 24,274 | $2.1M | Add +5.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 7,955 | $2.1M | Add +45.9% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 16,733 | $2.0M | Add +4.0% |
| COST Costco Wholesale Corp. | 0.29% | 2,164 | $1.9M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 3,622 | $1.8M | Add +1.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.28% | 65,900 | $1.8M | Reduce -10.3% |
| UNH Unitedhealth Group Inc. | 0.27% | 5,234 | $1.7M | Reduce -70.2% |
| COP Conocophillips | 0.26% | 17,570 | $1.6M | Add +14.6% |
| MPC Marathon Petroleum Corp. | 0.25% | 10,013 | $1.6M | Add +457.8% |
| CG The Carlyle Group Inc. | 0.25% | 27,323 | $1.6M | Add +153.6% |
| NEE Nextera Energy Inc. | 0.24% | 19,105 | $1.5M | Add +9.8% |
| LMT Lockheed Martin Corp. | 0.24% | 3,120 | $1.5M | Add +8.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.23% | 4,664 | $1.5M | Reduce -5.7% |
| INDY iShares India 50 ETF | 0.23% | 29,380 | $1.4M | Add +11.9% |
| IJH iShares Core S&P Midcap ETF | 0.23% | 21,805 | $1.4M | No change |
| XLK SS Technology Select Sector | 0.22% | 9,758 | $1.4M | Add +9.4% |
| KO The Coca-Cola Co. | 0.22% | 19,905 | $1.4M | Add +11.2% |
| TSLA Tesla Inc. | 0.21% | 2,959 | $1.3M | Reduce -9.9% |
| IEO iShares U.S. Oil & Gas Explo | 0.21% | 14,888 | $1.3M | New |
| XOM Exxon Mobil Corp. | 0.20% | 10,654 | $1.3M | Add +3.9% |
| TIP iShares Tips Bond ETF | 0.20% | 11,342 | $1.2M | Add +8.1% |
| MCD McDonald's Corp. | 0.19% | 4,060 | $1.2M | Add +15.7% |
| FBTC Fidelity Wise Origin Bitcoin | 0.19% | 16,122 | $1.2M | New |
| LNC Lincoln National Corp. | 0.19% | 26,600 | $1.2M | No change |
| VONG Vanguard Russell 1000 Growth | 0.18% | 9,474 | $1.2M | New |
| IUSG iShares Core S&P U.S. Growth | 0.18% | 6,700 | $1.1M | No change |
| IVE iShares S&P 500 Value ETF | 0.17% | 5,197 | $1.1M | No change |
| IWP iShares Russell Mid-Cap Grow | 0.17% | 7,887 | $1.1M | Add +19.3% |
| AZN Astrazeneca PLC | 0.17% | 11,665 | $1.1M | New |
| OPPJ Wisdomtree Japan Opportuniti | 0.16% | 21,653 | $1.0M | Add +18.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $604K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 498 | $604K | Add +7.1% |
Total filed on the 13F, all lines: $639.7M.
Portfolio Sells Q3 2025 → Q4 2025
| VEEV Veeva Systems Inc. Class A | Reduce -45.1% | 0.57% | −0.95 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -31.6% | 1.54% | −0.94 |
| UNH Unitedhealth Group Inc. | Reduce -70.2% | 0.27% | −0.78 |
| VCR Vanguard Consumer Discre ETF | Sold out | 0.00% | −0.41 |
| VGSH Vanguard Short-Term Treasury | Reduce -48.0% | 0.33% | −0.37 |
| IBIT iShares Bitcoin Trust ETF | Reduce -55.0% | 0.15% | −0.32 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.32 |
| SPOT Spotify Technology SA | Reduce -9.6% | 0.65% | −0.30 |
| AVGO Broadcom Inc. | Reduce -3.9% | 2.36% | −0.22 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.15 |
| MDY State Street SPDR S&P Midcap | Reduce -0.8% | 1.30% | −0.13 |
| KKR KKR & Co. Inc. | Reduce -5.2% | 0.65% | −0.12 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.11 |
| CCI Crown Castle Inc. | Reduce -71.8% | 0.03% | −0.10 |
| TGT Target Corp. | Sold out | 0.00% | −0.10 |
| PFE Pfizer Inc. | Reduce -41.1% | 0.11% | −0.10 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.08 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.06 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -10.3% | 0.28% | −0.05 |
| ZS Zscaler Inc. | Reduce -36.3% | 0.03% | −0.04 |
| TSLA Tesla Inc. | Reduce -9.9% | 0.21% | −0.04 |
| WMB Williams Cos Inc. | Sold out | 0.00% | −0.04 |
| TRU Transunion | Sold out | 0.00% | −0.04 |
| WES Western Midstream Partners L | Sold out | 0.00% | −0.04 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −0.04 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -5.7% | 0.23% | −0.03 |
| NOW ServiceNow Inc. | Reduce -20.0% | 0.03% | −0.02 |
| SWK Stanley Black & Decker Inc. | Reduce -12.0% | 0.07% | −0.02 |
| T AT&T Inc. | Reduce -0.6% | 0.06% | −0.02 |
| IWO iShares Russell 2000 Growth | Reduce -4.4% | 0.08% | −0.01 |
| DCI Donaldson Co. Inc. | Reduce -4.6% | 0.10% | −0.01 |
| SIL Global X Silver Miners ETF | Reduce -5.2% | 0.04% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AR Antero Resources Corp. | Add +641.0% | 0.77% | +0.66 |
| VHT Vanguard Health Care ETF | New | 0.55% | +0.55 |
| ALAB Astera Labs Inc. | New | 0.55% | +0.55 |
| BOTZ Global X Robotics & Artifici | New | 0.55% | +0.55 |
| EWG iShares MSCI Germany ETF | New | 0.50% | +0.50 |
| GOOGL Alphabet Inc. Class A | Add +7.7% | 2.01% | +0.41 |
| GOOG Alphabet Inc. Class C | Add +8.7% | 1.40% | +0.30 |
| GDXJ Vaneck Junior Gold Miners | Add +7.8% | 2.40% | +0.27 |
| IEO iShares U.S. Oil & Gas Explo | New | 0.21% | +0.21 |
| AMZN Amazon.com Inc. | Add +14.2% | 2.48% | +0.20 |
| MPC Marathon Petroleum Corp. | Add +457.8% | 0.25% | +0.20 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.19% | +0.19 |
| DHR Danaher Corp. | Add +9.8% | 1.47% | +0.19 |
| VONG Vanguard Russell 1000 Growth | New | 0.18% | +0.18 |
| AZN Astrazeneca PLC | New | 0.17% | +0.17 |
| AXP American Express Co. | Add +9.1% | 1.76% | +0.17 |
| RODM Hartford Multifact Dev MRKT | Add +17.6% | 1.62% | +0.16 |
| AGX Argan Inc. | Add +7.7% | 1.32% | +0.16 |
| NEM Newmont Corp. | Add +10.4% | 0.99% | +0.16 |
| CG The Carlyle Group Inc. | Add +153.6% | 0.25% | +0.14 |
| SAP Sap SE-Sponsored ADR | New | 0.13% | +0.13 |
| VIG Vanguard Dividend Apprec ETF | New | 0.13% | +0.13 |
| CB Chubb Ltd. | Add +12.2% | 1.15% | +0.13 |
| DXJ Wisdomtree Japan Hedged Eq | Add +8.3% | 1.32% | +0.13 |
| XBI SS SPDR S&P Biotech ETF | Add +29.2% | 0.41% | +0.12 |
| LLY Eli Lilly & Co. | Add +3.9% | 0.47% | +0.12 |
| NVT Nvent Electric PLC | New | 0.12% | +0.12 |
| DVY iShares Select Dividend ETF | New | 0.10% | +0.10 |
| IBB iShares Biotechnology ETF | Add +5.6% | 0.94% | +0.10 |
| CAT Caterpillar Inc. | New | 0.10% | +0.10 |
| ASB Associated Banc-Corp. | New | 0.09% | +0.09 |
| BHP BHP Group Ltd.-Spon ADR | Add +9.6% | 1.18% | +0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +45.9% | 0.32% | +0.08 |
| ACWI iShares MSCI Acwi ETF | New | 0.07% | +0.07 |
| TM Toyota Motor Corp. -Spon ADR | Add +8.9% | 0.71% | +0.07 |
| XHB SS SPDR S&P Homebldrs ETF | New | 0.07% | +0.07 |
| HWM Howmet Aerospace Inc. | Add +9.5% | 1.75% | +0.07 |
| BAC Bank of America Corp. | Add +7.0% | 1.92% | +0.07 |
| CEG Constellation Energy | Add +7.5% | 1.43% | +0.07 |
| XLE SS Energy Select Sector | New | 0.06% | +0.06 |
| EMBJ Embraer SA-Spon ADR | Add +8.3% | 1.32% | +0.06 |
| UFPI Ufp Industries Inc. | New | 0.06% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +121.5% | 0.11% | +0.06 |
| SU Suncor Energy Inc. | Add +8.7% | 1.25% | +0.06 |
| EWZ iShares MSCI Brazil ETF | New | 0.06% | +0.06 |
| CME Cme Group Inc. | Add +12.6% | 1.49% | +0.05 |
| GS Goldman Sachs Group Inc. | New | 0.05% | +0.05 |
| AAPL Apple Inc. | Add +4.3% | 4.10% | +0.05 |
| XLI SS Industrial Select Sector | New | 0.05% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +16.5% | 0.70% | +0.04 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +7.1% | 498 | $604K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |