Bearing Point Capital, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Bearing Point Capital, LLC reported 165 stock positions worth $637.8 million. Its top holding was Nvidia (NVDA) at 5.0% of the portfolio, followed by Apple (AAPL, 3.8%) and Hartford Multifact Dev MRKT (RODM, 2.6%). Compared with Q4 2025, it opened 5 new positions, sold out of 22, added to 71 and reduced 60. The biggest buy was Freeport-McMoran (FCX, shares +2860%) and the biggest sale an exit from Trane Technologies (TT).

Most Recent 13F
Q2 2026
Location
BLOOMINGTON, MN
CIK
0002052916
Portfolio Value
$637.8M (Q1 2026)
SEC Filing
0001765380-26-000180 ↗ filed May 7, 2026

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

Holdings 165 stocks · $637.8M
NVDA Nvidia Corp. 4.98% 182,129 $31.8M Reduce -5.4%
AAPL Apple Inc. 3.77% 94,727 $24.0M Reduce -1.7%
RODM Hartford Multifact Dev MRKT 2.61% 422,746 $16.7M Add +51.0%
GDXJ Vaneck Junior Gold Miners 2.53% 134,624 $16.2M Reduce -0.0%
MSFT Microsoft Corp. 2.36% 40,704 $15.1M Add +6.3%
AMZN Amazon.com Inc. 2.28% 69,899 $14.6M Add +1.8%
ADM Archer-Daniels-Midland Co. 2.17% 190,100 $13.8M Add +0.1%
JPM JPMorgan Chase & Co. 2.06% 44,688 $13.1M Reduce -7.7%
AVGO Broadcom Inc. 2.02% 41,661 $12.9M Reduce -4.3%
V Visa Inc. Class A 1.97% 41,572 $12.6M Add +1.6%
HWM Howmet Aerospace Inc. 1.96% 54,265 $12.5M Reduce -0.7%
PANW Palo Alto Networks Inc. 1.96% 77,853 $12.5M Add +5.8%
GOOGL Alphabet Inc. Class A 1.86% 41,207 $11.8M Add +0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.70% 222,952 $10.9M Add +0.0%
AGX Argan Inc. 1.69% 19,805 $10.8M Reduce -26.7%
CME Cme Group Inc. 1.65% 35,734 $10.6M Add +2.5%
SHY iShares 1-3 Year Treasury Bo 1.65% 127,532 $10.5M Add +7.5%
DXJ Wisdomtree Japan Hedged Eq 1.63% 65,630 $10.4M Add +12.1%
CVX Chevron Corp. 1.62% 50,054 $10.4M Add +0.8%
DELL Dell Technologies -C 1.55% 60,061 $9.9M Reduce -0.1%
SU Suncor Energy Inc. 1.53% 147,664 $9.8M Reduce -17.9%
NET Cloudflare Inc. Class A 1.46% 45,175 $9.3M Add +1.4%
ECL Ecolab Inc. 1.46% 34,983 $9.3M Add +2.9%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 1.46% 127,773 $9.3M Add +1.9%
AXP American Express Co. 1.42% 29,928 $9.1M Reduce -1.7%
FCX Freeport-McMoran Inc. 1.35% 146,584 $8.6M Add +2860.1%
MDY State Street SPDR S&P Midcap 1.33% 13,736 $8.5M Reduce -0.5%
INDA iShares MSCI India ETF 1.31% 178,830 $8.4M Add +39.6%
CTVA Corteva Inc. 1.30% 98,759 $8.3M Add +1.9%
GOOG Alphabet Inc. Class C 1.27% 28,267 $8.1M Reduce -1.2%
ETN Eaton Corp. PLC 1.26% 22,538 $8.1M Add +5.2%
SYK Stryker Corp. 1.25% 24,218 $8.0M Add +4.5%
CB Chubb Ltd. 1.24% 24,307 $7.9M Add +3.1%
EMBJ Embraer SA-Spon ADR 1.24% 132,743 $7.9M Add +1.5%
CEG Constellation Energy 1.12% 25,499 $7.1M Reduce -1.5%
NEM Newmont Corp. 1.10% 64,563 $7.0M Add +2.3%
VEA Vanguard Ftse Developed ETF 1.09% 108,465 $7.0M Reduce -0.8%
AEP American Electric Power 1.09% 52,904 $6.9M Add +4.0%
NOC Northrop Grumman Corp. 1.07% 9,975 $6.8M Add +1.6%
AR Antero Resources Corp. 1.05% 158,501 $6.7M Add +10.5%
ACN Accenture PLC Class A 1.02% 32,921 $6.5M Add +13.3%
IBB iShares Biotechnology ETF 0.93% 35,219 $5.9M Reduce -0.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.90% 20,038 $5.8M Reduce -1.8%
APTV Aptiv PLC 0.87% 79,859 $5.5M Add +24.7%
HON Honeywell International Inc. 0.83% 23,530 $5.3M Add +2.8%
SOLS Solstice Adv Materials Inc. 0.82% 68,663 $5.2M Add +707.1%
DHR Danaher Corp. 0.81% 27,398 $5.2M Reduce -33.0%
MPC Marathon Petroleum Corp. 0.81% 21,272 $5.2M Add +112.4%
SPOT Spotify Technology SA 0.78% 10,234 $5.0M Add +43.7%
MELI MercadoLibre Inc. 0.76% 2,791 $4.8M Add +16.7%
MA Mastercard Inc. Class A 0.72% 9,217 $4.6M Add +2.4%
TM Toyota Motor Corp. -Spon ADR 0.71% 22,061 $4.5M Add +3.9%
IVV iShares Core S&P 500 ETF 0.71% 6,894 $4.5M Reduce -5.6%
RSG Republic Services Inc. 0.67% 19,373 $4.2M Add +3.4%
KKR KKR & Co. Inc. 0.62% 42,715 $4.0M Add +30.6%
SNOW Snowflake Inc. 0.59% 24,811 $3.7M New
RSP Invesco S&P 500 Equal Weight 0.58% 19,177 $3.7M Reduce -17.6%
XAR SS SPDR S&P Aerospace Def 0.56% 14,051 $3.6M Add +1238.2%
NOW ServiceNow Inc. 0.55% 33,635 $3.5M Add +2337.3%
USB US Bancorp 0.52% 63,324 $3.3M Add +0.4%
IEFA iShares Core MSCI Eafe ETF 0.50% 35,400 $3.2M Reduce -7.2%
ABBV Abbvie Inc. 0.50% 14,662 $3.2M Add +0.8%
XBI SS SPDR S&P Biotech ETF 0.47% 23,472 $3.0M Add +9.9%
GLW Corning Inc. 0.44% 20,719 $2.8M Reduce -14.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.41% 3,987 $2.6M Reduce -28.8%
LLY Eli Lilly & Co. 0.40% 2,775 $2.6M Reduce -0.1%
ENB Enbridge Inc. 0.39% 46,297 $2.5M Add +2.4%
HD Home Depot Inc. 0.39% 7,620 $2.5M Reduce -1.9%
COP Conocophillips 0.37% 17,850 $2.4M Add +1.6%
IWF iShares Russell 1000 Growth 0.35% 5,243 $2.2M Add +0.1%
COST Costco Wholesale Corp. 0.33% 2,104 $2.1M Reduce -2.8%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 3,967 $1.9M Add +9.5%
LMT Lockheed Martin Corp. 0.30% 3,128 $1.9M Add +0.3%
VB Vanguard Most SM-Cap ETF-Usd 0.29% 7,077 $1.9M Reduce -11.0%
FBTC Fidelity Wise Origin Bitcoin 0.29% 31,236 $1.8M Add +93.8%
IJR iShares Core S&P Small-Cap E 0.29% 14,803 $1.8M Reduce -11.5%
FNDX Schwab Fndmntl US LRG Co. ETF 0.29% 65,900 $1.8M No change
NEE Nextera Energy Inc. 0.28% 19,440 $1.8M Add +1.8%
AVAV Aerovironment Inc. 0.28% 9,667 $1.8M New
VOO Vanguard S&P 500 ETF 0.27% 2,878 $1.7M Add +161.4%
IJH iShares Core S&P Midcap ETF 0.26% 24,800 $1.7M Add +13.7%
XLK SS Technology Select Sector 0.26% 12,388 $1.6M Add +26.9%
VGSH Vanguard Short-Term Treasury 0.26% 27,980 $1.6M Reduce -22.7%
XOM Exxon Mobil Corp. 0.25% 9,254 $1.6M Reduce -13.1%
KO The Coca-Cola Co. 0.24% 20,235 $1.5M Add +1.7%
OPPJ Wisdomtree Japan Opportuniti 0.21% 25,161 $1.4M Add +16.2%
MCD McDonald's Corp. 0.19% 3,973 $1.2M Reduce -2.1%
AIRR First Trust Rba American Ind 0.19% 11,126 $1.2M Add +13.4%
TIP iShares Tips Bond ETF 0.18% 10,662 $1.2M Reduce -6.0%
AZN Astrazeneca PLC 0.18% 5,862 $1.2M Add +0.5%
TSLA Tesla Inc. 0.18% 3,009 $1.1M Add +1.7%
IVE iShares S&P 500 Value ETF 0.17% 5,197 $1.1M No change
IWP iShares Russell Mid-Cap Grow 0.16% 7,887 $1.0M No change
LNC Lincoln National Corp. 0.15% 26,600 $944K No change
UNH Unitedhealth Group Inc. 0.15% 3,462 $937K Reduce -33.9%
NVT Nvent Electric PLC 0.15% 7,863 $930K Add +8.8%
MDT Medtronic PLC 0.15% 10,681 $926K Add +4.9%
GLD SPDR Gold Shares 0.14% 2,144 $923K No change
D Dominion Energy Inc. 0.14% 14,400 $890K No change
JNJ Johnson & Johnson 0.14% 3,574 $874K Reduce -3.8%
XEXGX Eaton Vance Tax-Managed Glob 0.13% 95,600 $828K Add +1.7%
VIG Vanguard Dividend Apprec ETF 0.13% 3,824 $822K No change
EIX Edison International 0.13% 11,169 $817K Add +0.9%
SAP Sap SE-Sponsored ADR 0.13% 4,760 $815K Add +37.6%
DUK Duke Energy Corp. 0.13% 6,151 $805K No change
IWM iShares Russell 2000 ETF 0.12% 3,195 $792K No change
IUSG iShares Core S&P U.S. Growth 0.12% 4,900 $760K Reduce -26.9%
PFE Pfizer Inc. 0.12% 26,829 $753K Reduce -1.2%
TX Ternium SA-Sponsored ADR 0.11% 18,000 $723K No change
FE Firstenergy Corp. 0.11% 14,095 $714K No change
CNQ Canadian Natural Resources 0.11% 14,422 $703K No change
CCI Crown Castle Inc. 0.11% 8,312 $676K Add +264.6%
SPG Simon Property Group Inc. 0.11% 3,622 $676K Add +1.4%
CAT Caterpillar Inc. 0.11% 947 $671K Reduce -12.6%
VTI VG Morningstar TS MKT ETF-US 0.11% 2,091 $671K Add +0.3%
CRVL Corvel Corp. 0.10% 12,000 $656K No change
DHI D.R. Horton Inc. 0.10% 4,775 $655K New
IWR iShares Russell Mid-Cap ETF 0.10% 6,602 $642K No change
EQIX Equinix Inc. 0.10% 643 $630K Reduce -7.2%
DCI Donaldson Co. Inc. 0.10% 7,403 $628K Add +2.1%
TRV The Travelers Cos Inc. 0.09% 2,019 $589K No change
RF Regions Financial Corp. 0.09% 21,755 $568K Reduce -13.9%
AVR Anteris Technologies Global 0.09% 101,560 $564K Add +6.3%
T AT&T Inc. 0.09% 19,101 $554K Add +25.5%
TDIV FT Nasdaq Tech DVD Index FD 0.09% 5,890 $552K Reduce -0.1%
MS Morgan Stanley 0.08% 3,239 $533K Reduce -40.2%
WMT Walmart Inc. 0.08% 4,261 $530K Reduce -0.3%
RTX RTX Corp. 0.08% 2,725 $526K Add +3.8%
NSC Norfolk Southern Corp. 0.08% 1,823 $523K Add +2.8%
ABT Abbott Laboratories 0.08% 5,009 $514K Reduce -3.6%
IWO iShares Russell 2000 Growth 0.08% 1,626 $510K No change
CG The Carlyle Group Inc. 0.08% 10,390 $503K Reduce -62.0%
IWS iShares Russell Mid-Cap Valu 0.08% 3,391 $494K No change
QQQ Invesco QQQ Trust Series 1 0.08% 855 $493K Reduce -6.0%
PG The Procter & Gamble Co. 0.08% 3,403 $492K Reduce -15.8%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.07% 2,200 $478K Reduce -0.8%
PHYS Sprott Physical Gold Trust 0.07% 13,000 $461K No change
DVY iShares Select Dividend ETF 0.07% 2,835 $429K Reduce -38.2%
SHV iShares 0-1 Year Treasury Bo 0.07% 3,875 $428K Reduce -6.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.06% 1,318 $394K Reduce -71.7%
ACWI iShares MSCI Acwi ETF 0.06% 2,826 $391K Reduce -9.8%
UFPI Ufp Industries Inc. 0.06% 4,050 $373K No change
META Meta Platforms Inc. Class A 0.06% 631 $361K Reduce -11.3%
RIO Rio Tinto PLC-Spon ADR 0.06% 3,800 $355K No change
DGII Digi International Inc. 0.05% 6,900 $333K Reduce -1.4%
IWN iShares Russell 2000 Value E 0.05% 1,665 $316K Add +5.5%
EXC Exelon Corp. 0.05% 6,287 $308K No change
XLI SS Industrial Select Sector 0.05% 1,830 $296K Reduce -1.9%
LRCX Lam Research Corp. 0.05% 1,360 $291K Reduce -0.4%
XLE SS Energy Select Sector 0.05% 4,730 $290K Reduce -48.2%
PLTR Palantir Technologies Inc. Class A 0.04% 1,858 $272K Reduce -11.7%
BKR Baker Hughes Co. 0.04% 4,268 $261K New
IWB iShares Russell 1000 ETF 0.04% 730 $260K No change
KGC Kinross Gold Corp. 0.04% 8,500 $259K No change
ASB Associated Banc-Corp. 0.04% 10,000 $259K Reduce -55.5%
GS Goldman Sachs Group Inc. 0.04% 304 $257K Reduce -13.1%
XLF SS Financial Select Sector 0.04% 4,958 $245K Reduce -20.6%
NFLX Netflix Inc. 0.04% 2,510 $241K No change
CSCO Cisco Systems Inc. 0.04% 3,027 $235K Reduce -14.2%
SGOL Abrdn Physical Gold Shares 0.04% 5,007 $223K No change
WMB Williams Cos Inc. 0.03% 2,986 $217K New
BLK BlackRock Inc. 0.03% 222 $214K No change
WFC Wells Fargo & Co. 0.03% 2,623 $209K No change
XLY SS Consumer Disc Select Sect 0.03% 1,910 $208K No change
WCN Waste Connections Inc. 0.03% 1,275 $207K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $575K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 498$575KNo change

Total filed on the 13F, all lines: $638.4M.

Portfolio Sells Q4 2025 → Q1 2026
TT Trane Technologies PLC Sold out 0.00% −1.03
DHR Danaher Corp. Reduce -33.0% 0.81% −0.65
NVDA Nvidia Corp. Reduce -5.4% 4.98% −0.64
VEEV Veeva Systems Inc. Class A Sold out 0.00% −0.57
VHT Vanguard Health Care ETF Sold out 0.00% −0.55
ALAB Astera Labs Inc. Sold out 0.00% −0.55
BOTZ Global X Robotics & Artifici Sold out 0.00% −0.55
EWG iShares MSCI Germany ETF Sold out 0.00% −0.50
CP Canadian Pacific Kansas City Sold out 0.00% −0.47
JPM JPMorgan Chase & Co. Reduce -7.7% 2.06% −0.38
AXP American Express Co. Reduce -1.7% 1.42% −0.34
AVGO Broadcom Inc. Reduce -4.3% 2.02% −0.34
AAPL Apple Inc. Reduce -1.7% 3.77% −0.33
CEG Constellation Energy Reduce -1.5% 1.12% −0.31
INDY iShares India 50 ETF Sold out 0.00% −0.23
IEO iShares U.S. Oil & Gas Explo Sold out 0.00% −0.21
SPY SS SPDR S&P 500 ETF Trust-US Reduce -28.8% 0.41% −0.19
VONG Vanguard Russell 1000 Growth Sold out 0.00% −0.18
CG The Carlyle Group Inc. Reduce -62.0% 0.08% −0.17
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -71.7% 0.06% −0.17
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.15
GOOG Alphabet Inc. Class C Reduce -1.2% 1.27% −0.13
UNH Unitedhealth Group Inc. Reduce -33.9% 0.15% −0.12
RSP Invesco S&P 500 Equal Weight Reduce -17.6% 0.58% −0.12
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.11
IVV iShares Core S&P 500 ETF Reduce -5.6% 0.71% −0.08
VGSH Vanguard Short-Term Treasury Reduce -22.7% 0.26% −0.08
SWK Stanley Black & Decker Inc. Sold out 0.00% −0.07
EFA iShares MSCI Eafe ETF Sold out 0.00% −0.07
XHB SS SPDR S&P Homebldrs ETF Sold out 0.00% −0.07
MS Morgan Stanley Reduce -40.2% 0.08% −0.07
LLY Eli Lilly & Co. Reduce -0.1% 0.40% −0.07
IUSG iShares Core S&P U.S. Growth Reduce -26.9% 0.12% −0.06
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.06
ASB Associated Banc-Corp. Reduce -55.5% 0.04% −0.05
SIL Global X Silver Miners ETF Sold out 0.00% −0.04
CIBR First Trust Nasdaq Cybersecu Sold out 0.00% −0.03
ZS Zscaler Inc. Sold out 0.00% −0.03
DVY iShares Select Dividend ETF Reduce -38.2% 0.07% −0.03
CRM Salesforce Inc. Sold out 0.00% −0.03
ORCL Oracle Corp. Sold out 0.00% −0.03
TSCO Tractor Supply Company Sold out 0.00% −0.03
IEFA iShares Core MSCI Eafe ETF Reduce -7.2% 0.50% −0.03
VB Vanguard Most SM-Cap ETF-Usd Reduce -11.0% 0.29% −0.03
IJR iShares Core S&P Small-Cap E Reduce -11.5% 0.29% −0.03
HD Home Depot Inc. Reduce -1.9% 0.39% −0.03
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.8% 0.90% −0.02
ABT Abbott Laboratories Reduce -3.6% 0.08% −0.02
XLE SS Energy Select Sector Reduce -48.2% 0.05% −0.02
RF Regions Financial Corp. Reduce -13.9% 0.09% −0.02

Portfolio Buys Q4 2025 → Q1 2026
FCX Freeport-McMoran Inc. Add +2860.1% 1.35% +1.31
RODM Hartford Multifact Dev MRKT Add +51.0% 2.61% +0.99
SOLS Solstice Adv Materials Inc. Add +707.1% 0.82% +0.76
SNOW Snowflake Inc. New 0.59% +0.59
MPC Marathon Petroleum Corp. Add +112.4% 0.81% +0.56
XAR SS SPDR S&P Aerospace Def Add +1238.2% 0.56% +0.52
NOW ServiceNow Inc. Add +2337.3% 0.55% +0.52
ADM Archer-Daniels-Midland Co. Add +0.1% 2.17% +0.46
CVX Chevron Corp. Add +0.8% 1.62% +0.44
DXJ Wisdomtree Japan Hedged Eq Add +12.1% 1.63% +0.31
AR Antero Resources Corp. Add +10.5% 1.05% +0.28
CTVA Corteva Inc. Add +1.9% 1.30% +0.28
AVAV Aerovironment Inc. New 0.28% +0.28
BHP BHP Group Ltd.-Spon ADR Add +1.9% 1.46% +0.27
INDA iShares MSCI India ETF Add +39.6% 1.31% +0.23
ETN Eaton Corp. PLC Add +5.2% 1.26% +0.20
NOC Northrop Grumman Corp. Add +1.6% 1.07% +0.19
AEP American Electric Power Add +4.0% 1.09% +0.17
CME Cme Group Inc. Add +2.5% 1.65% +0.16
VOO Vanguard S&P 500 ETF Add +161.4% 0.27% +0.16
HON Honeywell International Inc. Add +2.8% 0.83% +0.14
SPOT Spotify Technology SA Add +43.7% 0.78% +0.13
SHY iShares 1-3 Year Treasury Bo Add +7.5% 1.65% +0.11
COP Conocophillips Add +1.6% 0.37% +0.11
NEM Newmont Corp. Add +2.3% 1.10% +0.11
APTV Aptiv PLC Add +24.7% 0.87% +0.11
DHI D.R. Horton Inc. New 0.10% +0.10
FBTC Fidelity Wise Origin Bitcoin Add +93.8% 0.29% +0.10
CB Chubb Ltd. Add +3.1% 1.24% +0.09
NET Cloudflare Inc. Class A Add +1.4% 1.46% +0.09
CCI Crown Castle Inc. Add +264.6% 0.11% +0.07
ECL Ecolab Inc. Add +2.9% 1.46% +0.06
XBI SS SPDR S&P Biotech ETF Add +9.9% 0.47% +0.06
LMT Lockheed Martin Corp. Add +0.3% 0.30% +0.06
OPPJ Wisdomtree Japan Opportuniti Add +16.2% 0.21% +0.06
ENB Enbridge Inc. Add +2.4% 0.39% +0.05
RSG Republic Services Inc. Add +3.4% 0.67% +0.04
NEE Nextera Energy Inc. Add +1.8% 0.28% +0.04
AIRR First Trust Rba American Ind Add +13.4% 0.19% +0.04
BKR Baker Hughes Co. New 0.04% +0.04
XLK SS Technology Select Sector Add +26.9% 0.26% +0.04
IJH iShares Core S&P Midcap ETF Add +13.7% 0.26% +0.04
WMB Williams Cos Inc. New 0.03% +0.03
NVT Nvent Electric PLC Add +8.8% 0.15% +0.03
T AT&T Inc. Add +25.5% 0.09% +0.03
EIX Edison International Add +0.9% 0.13% +0.02
KO The Coca-Cola Co. Add +1.7% 0.24% +0.02
AVR Anteris Technologies Global Add +6.3% 0.09% +0.01
AZN Astrazeneca PLC Add +0.5% 0.18% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +9.5% 0.30% +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