Brasada Capital Management, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Brasada Capital Management, LP reported 143 stock positions worth $556.1 million. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 4.4%) and Waste Connections (WCN, 3.8%). Compared with Q4 2023, it opened 25 new positions, sold out of 18, added to 46 and reduced 56. The biggest buy was a new position in Casey's General Stores (CASY) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001643833
- Portfolio Value
- $556.1M (Q1 2024)
- SEC Filing
- 0001420506-24-000939 ↗ filed May 15, 2024
Holdings Value
Holdings 143 stocks · $556.1M
| MSFT Microsoft Corp. | 5.68% | 75,100 | $31.6M | Reduce -0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.38% | 265,103 | $24.3M | Reduce -25.5% |
| WCN Waste Connections Inc. | 3.76% | 121,541 | $20.9M | Reduce -3.3% |
| CPRT Copart Inc. | 3.32% | 318,508 | $18.4M | Add +4.9% |
| DHR Danaher Corp. | 3.03% | 67,551 | $16.9M | Add +15.8% |
| CP Canadian Pacific Kansas City | 2.99% | 188,329 | $16.6M | Add +1.6% |
| COST Costco Wholesale Corp. | 2.95% | 22,425 | $16.4M | Reduce -10.7% |
| GOOGL Alphabet Inc. Class A | 2.62% | 96,490 | $14.6M | Reduce -3.5% |
| ANSS Ansys Inc. | 2.62% | 41,908 | $14.5M | Reduce -0.6% |
| CRH CRH PLC | 2.56% | 165,359 | $14.3M | Reduce -3.4% |
| UNP Union Pacific Corp. | 2.52% | 56,893 | $14.0M | Add +31.8% |
| AMZN Amazon.com Inc. | 2.13% | 65,729 | $11.9M | Add +16.7% |
| MA Mastercard Inc. Class A | 2.05% | 23,696 | $11.4M | Add +2.2% |
| IDXX Idexx Laboratories Inc. | 2.02% | 20,836 | $11.2M | Add +1.4% |
| MCO Moody's Corp. | 1.92% | 27,133 | $10.7M | Reduce -1.3% |
| AMT American Tower Corp. | 1.62% | 45,707 | $9.0M | Add +9.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.58% | 20,889 | $8.8M | Reduce -1.5% |
| HEI.A Heico Corp. Class A | 1.57% | 56,866 | $8.8M | Add +1.6% |
| NEE Nextera Energy Inc. | 1.55% | 135,026 | $8.6M | Add +5.3% |
| CMS CMS Energy Corp. | 1.41% | 129,600 | $7.8M | Add +164.8% |
| TDG Transdigm Group Inc. | 1.40% | 6,329 | $7.8M | Reduce -8.7% |
| BSX Boston Scientific Corp. | 1.26% | 101,985 | $7.0M | Add +0.7% |
| AMAT Applied Materials Inc. | 1.24% | 33,402 | $6.9M | Reduce -3.8% |
| PSA Public Storage | 1.23% | 23,502 | $6.8M | Add +6.8% |
| ENTG Entegris Inc. | 1.21% | 47,752 | $6.7M | Add +6.2% |
| ICLR Icon PLC | 1.15% | 19,083 | $6.4M | Add +13.8% |
| ZTS Zoetis Inc. | 1.13% | 37,077 | $6.3M | Reduce -18.9% |
| CPT Camden Property Trust | 1.12% | 63,181 | $6.2M | Add +553.0% |
| REXR Rexford Industrial Realty Inc. | 1.05% | 115,683 | $5.8M | Reduce -0.1% |
| VMC Vulcan Materials Co. | 0.98% | 19,936 | $5.4M | Add +1.0% |
| CASY Casey's General Stores Inc. | 0.97% | 16,908 | $5.4M | New |
| NVDA Nvidia Corp. | 0.90% | 5,556 | $5.0M | Reduce -1.7% |
| ETN Eaton Corp. PLC | 0.88% | 15,616 | $4.9M | Reduce -3.4% |
| BR Broadridge Financial Solutio | 0.86% | 23,463 | $4.8M | Reduce -0.5% |
| PAR Par Technology Corp. | 0.81% | 98,982 | $4.5M | New |
| WMB Williams Cos Inc. | 0.77% | 109,409 | $4.3M | Add +2.5% |
| BLDR Builders Firstsource Inc. | 0.76% | 20,251 | $4.2M | Reduce -6.2% |
| GFL GFL Environmental Inc.-Sub VT | 0.73% | 118,355 | $4.1M | Add +34.0% |
| TYL Tyler Technologies Inc. | 0.72% | 9,443 | $4.0M | Add +11.8% |
| STE Steris PLC | 0.72% | 17,775 | $4.0M | New |
| EFX Equifax Inc. | 0.70% | 14,604 | $3.9M | New |
| MCHP Microchip Technology Inc. | 0.70% | 43,301 | $3.9M | Add +2.7% |
| WSC Willscot Holdings Corp. | 0.68% | 81,502 | $3.8M | New |
| SGOV iShares 0-3 Month Treasury B | 0.67% | 36,807 | $3.7M | Reduce -38.4% |
| KMX Carmax Inc. | 0.63% | 40,208 | $3.5M | Add +38.4% |
| BKNG Booking Holdings Inc. | 0.61% | 940 | $3.4M | Add +38.4% |
| SCHW Schwab (charles) Corp. | 0.61% | 47,059 | $3.4M | Add +67.2% |
| COP Conocophillips | 0.58% | 25,478 | $3.2M | Reduce -34.5% |
| INTU Intuit Inc. | 0.58% | 4,929 | $3.2M | Reduce -0.9% |
| HLT Hilton Worldwide Holdings Inc. | 0.57% | 14,926 | $3.2M | Reduce -0.5% |
| APD Air Products & Chemicals Inc. | 0.57% | 13,076 | $3.2M | Add +42.8% |
| LYV Live Nation Entertainment Inc. | 0.55% | 28,702 | $3.0M | Add +1.8% |
| AAPL Apple Inc. | 0.54% | 17,616 | $3.0M | Reduce -25.8% |
| V Visa Inc. Class A | 0.54% | 10,699 | $3.0M | Reduce -19.4% |
| MRK Merck & Co. Inc. | 0.53% | 22,376 | $3.0M | Add +26.2% |
| SPGI S&P Global Inc. | 0.53% | 6,863 | $2.9M | Reduce -0.6% |
| NOW ServiceNow Inc. | 0.52% | 3,776 | $2.9M | Reduce -0.2% |
| FAF First American Financial | 0.52% | 47,062 | $2.9M | Add +31.3% |
| OXY Occidental Petroleum Corp. | 0.51% | 43,272 | $2.8M | Reduce -0.2% |
| RTX RTX Corp. | 0.51% | 28,818 | $2.8M | New |
| EWJ iShares MSCI Japan ETF | 0.50% | 39,129 | $2.8M | New |
| GTLS Chart Industries Inc. | 0.50% | 16,812 | $2.8M | Add +2.6% |
| TXN Texas Instruments Inc. | 0.49% | 15,701 | $2.7M | Add +29.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.49% | 10,894 | $2.7M | Add +0.8% |
| MS Morgan Stanley | 0.48% | 28,419 | $2.7M | Add +1.2% |
| DE Deere & Co. | 0.48% | 6,462 | $2.7M | Add +1.0% |
| HD Home Depot Inc. | 0.47% | 6,780 | $2.6M | Reduce -0.8% |
| PCOR Procore Technologies Inc. | 0.46% | 31,063 | $2.6M | Add +14.0% |
| CARR Carrier Global Corp. | 0.46% | 43,876 | $2.6M | Reduce -10.0% |
| UNH Unitedhealth Group Inc. | 0.46% | 5,145 | $2.5M | Add +0.8% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.44% | 36,992 | $2.5M | Add +14.5% |
| EPAM Epam Systems Inc. | 0.42% | 8,433 | $2.3M | Reduce -50.9% |
| LAMR Lamar Advertising Co. Class A | 0.37% | 17,129 | $2.0M | Reduce -4.4% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.32% | 13,660 | $1.8M | Reduce -2.5% |
| FC Franklin Covey Co. | 0.31% | 44,516 | $1.7M | Reduce -50.4% |
| EQIX Equinix Inc. | 0.31% | 2,093 | $1.7M | Add +43.9% |
| WH Wyndham Hotels & Resorts Inc. | 0.30% | 22,057 | $1.7M | Add +38.0% |
| AGG iShares Core U.S. Aggregate | 0.27% | 15,555 | $1.5M | Reduce -6.6% |
| FTAI Ftai Aviation Ltd. | 0.27% | 22,000 | $1.5M | No change |
| BOND PIMCO Active Bond Exchange-T | 0.26% | 15,906 | $1.5M | Reduce -5.2% |
| GOOG Alphabet Inc. Class C | 0.25% | 9,031 | $1.4M | Reduce -30.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.25% | 12,530 | $1.4M | Add +10.4% |
| GOVT iShares US Treasury Bond ETF | 0.24% | 59,626 | $1.4M | Reduce -2.9% |
| PPL PPL Corp. | 0.24% | 49,115 | $1.4M | Add +61.9% |
| DTM DT Midstream Inc. | 0.23% | 21,230 | $1.3M | Reduce -9.5% |
| MCRI Monarch Casino & Resort Inc. | 0.23% | 17,050 | $1.3M | Reduce -55.3% |
| CNI Canadian Natl Railway Co. | 0.23% | 9,682 | $1.3M | Reduce -8.0% |
| MAIN Main Street Capital Corp. | 0.22% | 26,288 | $1.2M | No change |
| AWK American Water Works Co. Inc. | 0.21% | 9,560 | $1.2M | No change |
| BLK BlackRock Finance Inc. | 0.21% | 1,394 | $1.2M | Reduce -8.6% |
| FNF Fidelity National Financial | 0.20% | 21,056 | $1.1M | Reduce -13.4% |
| PH Parker Hannifin Corp. | 0.20% | 2,000 | $1.1M | No change |
| AME Ametek Inc. | 0.20% | 6,000 | $1.1M | Reduce -7.7% |
| WEC WEC Energy Group Inc. | 0.19% | 12,960 | $1.1M | Reduce -1.1% |
| EXR Extra Space Storage Inc. | 0.18% | 6,765 | $994K | Reduce -8.5% |
| IVW iShares S&P 500 Growth ETF | 0.17% | 11,268 | $951K | No change |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.17% | 4,750 | $946K | Reduce -17.4% |
| A Agilent Technologies Inc. | 0.16% | 6,000 | $873K | Reduce -14.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.15% | 22,500 | $853K | Reduce -30.8% |
| IWR iShares Russell Mid-Cap ETF | 0.15% | 10,026 | $843K | Add +93.1% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($7.8M), INVESCO QQQ TR puts ($2.2M).
Portfolio Sells Q4 2023 → Q1 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -25.5% | 4.38% | −2.03 |
| AVB Avalonbay Communities Inc. | Reduce -92.4% | 0.07% | −1.02 |
| CPK Chesapeake Utilities Corp. | Sold out | 0.00% | −0.97 |
| ZTS Zoetis Inc. | Reduce -18.9% | 1.13% | −0.65 |
| EPAM Epam Systems Inc. | Reduce -50.9% | 0.42% | −0.59 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.55 |
| SGOV iShares 0-3 Month Treasury B | Reduce -38.4% | 0.67% | −0.52 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.47 |
| FC Franklin Covey Co. | Reduce -50.4% | 0.31% | −0.46 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.44 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.41 |
| ANSS Ansys Inc. | Reduce -0.6% | 2.62% | −0.40 |
| AAPL Apple Inc. | Reduce -25.8% | 0.54% | −0.36 |
| COST Costco Wholesale Corp. | Reduce -10.7% | 2.95% | −0.31 |
| COP Conocophillips | Reduce -34.5% | 0.58% | −0.31 |
| MCRI Monarch Casino & Resort Inc. | Reduce -55.3% | 0.23% | −0.29 |
| REXR Rexford Industrial Realty Inc. | Reduce -0.1% | 1.05% | −0.23 |
| MCO Moody's Corp. | Reduce -1.3% | 1.92% | −0.20 |
| CSX CSX Corp. | Sold out | 0.00% | −0.19 |
| V Visa Inc. Class A | Reduce -19.4% | 0.54% | −0.14 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -3.5% | 2.62% | −0.13 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.13 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -30.1% | 0.25% | −0.11 |
| TT Trane Technologies PLC | Sold out | 0.00% | −0.11 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.10 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.10 |
| CARR Carrier Global Corp. | Reduce -10.0% | 0.46% | −0.09 |
| BR Broadridge Financial Solutio | Reduce -0.5% | 0.86% | −0.09 |
| SPGI S&P Global Inc. | Reduce -0.6% | 0.53% | −0.07 |
| PCG P G & E Corp. | Sold out | 0.00% | −0.07 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.07 |
| BAC Bank of America Corp. | Reduce -30.8% | 0.15% | −0.06 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.06 |
| HWM Howmet Aerospace Inc. | Reduce -43.8% | 0.11% | −0.06 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -17.4% | 0.17% | −0.06 |
| EXR Extra Space Storage Inc. | Reduce -8.5% | 0.18% | −0.05 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −0.05 |
| SUI Sun Communities Inc. | Reduce -2.5% | 0.32% | −0.05 |
| AGG iShares Core U.S. Aggregate | Reduce -6.6% | 0.27% | −0.05 |
| MDEV First Trust Indxx Meddev | Sold out | 0.00% | −0.05 |
| FNF Fidelity National Financial | Reduce -13.4% | 0.20% | −0.04 |
| BOND PIMCO Active Bond Exchange-T | Reduce -5.2% | 0.26% | −0.04 |
| FLOT iShares Floating Rate Bond E | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Reduce -0.9% | 0.58% | −0.04 |
| BLK BlackRock Finance Inc. | Reduce -8.6% | 0.21% | −0.04 |
| A Agilent Technologies Inc. | Reduce -14.3% | 0.16% | −0.03 |
| GOVT iShares US Treasury Bond ETF | Reduce -2.9% | 0.24% | −0.03 |
| CNI Canadian Natl Railway Co. | Reduce -8.0% | 0.23% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| CASY Casey's General Stores Inc. | New | 0.97% | +0.97 |
| CPT Camden Property Trust | Add +553.0% | 1.12% | +0.93 |
| CMS CMS Energy Corp. | Add +164.8% | 1.41% | +0.85 |
| PAR Par Technology Corp. | New | 0.81% | +0.81 |
| STE Steris PLC | New | 0.72% | +0.72 |
| EFX Equifax Inc. | New | 0.70% | +0.70 |
| WSC Willscot Holdings Corp. | New | 0.68% | +0.68 |
| RTX RTX Corp. | New | 0.51% | +0.51 |
| EWJ iShares MSCI Japan ETF | New | 0.50% | +0.50 |
| AMZN Amazon.com Inc. | Add +16.7% | 2.13% | +0.44 |
| UNP Union Pacific Corp. | Add +31.8% | 2.52% | +0.43 |
| CPRT Copart Inc. | Add +4.9% | 3.32% | +0.38 |
| DHR Danaher Corp. | Add +15.8% | 3.03% | +0.37 |
| SCHW Schwab (charles) Corp. | Add +67.2% | 0.61% | +0.23 |
| ICLR Icon PLC | Add +13.8% | 1.15% | +0.22 |
| KMX Carmax Inc. | Add +38.4% | 0.63% | +0.19 |
| MRK Merck & Co. Inc. | Add +26.2% | 0.53% | +0.15 |
| CBRE CBRE Group Inc. Class A | New | 0.15% | +0.15 |
| FERG Ferguson Jersey Ltd. | New | 0.15% | +0.15 |
| CRL Charles River Laboratories | New | 0.15% | +0.15 |
| POOL Pool Corp. | New | 0.15% | +0.15 |
| ENTG Entegris Inc. | Add +6.2% | 1.21% | +0.14 |
| BKNG Booking Holdings Inc. | Add +38.4% | 0.61% | +0.14 |
| GFL GFL Environmental Inc.-Sub VT | Add +34.0% | 0.73% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.12% | +0.12 |
| TRMB Trimble Inc. | New | 0.12% | +0.12 |
| MA Mastercard Inc. Class A | Add +2.2% | 2.05% | +0.10 |
| BSX Boston Scientific Corp. | Add +0.7% | 1.26% | +0.10 |
| MUB iShares National Muni Bond E | New | 0.10% | +0.10 |
| CP Canadian Pacific Kansas City | Add +1.6% | 2.99% | +0.10 |
| VMC Vulcan Materials Co. | Add +1.0% | 0.98% | +0.10 |
| PCOR Procore Technologies Inc. | Add +14.0% | 0.46% | +0.09 |
| SYK Stryker Corp. | New | 0.09% | +0.09 |
| TXN Texas Instruments Inc. | Add +29.1% | 0.49% | +0.08 |
| PPL PPL Corp. | Add +61.9% | 0.24% | +0.08 |
| EQIX Equinix Inc. | Add +43.9% | 0.31% | +0.08 |
| APD Air Products & Chemicals Inc. | Add +42.8% | 0.57% | +0.08 |
| IWR iShares Russell Mid-Cap ETF | Add +93.1% | 0.15% | +0.07 |
| NVT Nvent Electric PLC | New | 0.07% | +0.07 |
| RHP Ryman Hospitality Properties | New | 0.07% | +0.07 |
| TM Toyota Motor Corp. -Spon ADR | New | 0.06% | +0.06 |
| FAF First American Financial | Add +31.3% | 0.52% | +0.06 |
| TOST Toast Inc. Class A | New | 0.06% | +0.06 |
| GTLS Chart Industries Inc. | Add +2.6% | 0.50% | +0.06 |
| MDU Mdu Resources Group Inc. | New | 0.05% | +0.05 |
| EQT Eqt Corp. | New | 0.05% | +0.05 |
| WAB Wabtec Corp. | New | 0.05% | +0.05 |
| WH Wyndham Hotels & Resorts Inc. | Add +38.0% | 0.30% | +0.05 |
| INDA iShares MSCI India ETF | New | 0.05% | +0.05 |
| WMB Williams Cos Inc. | Add +2.5% | 0.77% | +0.03 |
Options Activity Q4 2023 → Q1 2024
| STATE STR SPDR S&P 500 ETF T | put | Reduce -33.3% | 15,000 | $7.8M |
| INVESCO QQQ TR | put | New | 5,000 | $2.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 150 | $553.2M | BIL, GOOGL, CRH, AMZN, WCN |
| Q1 2026 | 141 | $543.3M | BIL, GOOGL, CRH, WCN, IDXX |
| Q4 2025 | 137 | $581.4M | GOOGL, MSFT, BIL, CRH, IDXX |
| Q3 2025 | 141 | $588.1M | MSFT, BIL, GOOGL, WCN, IDXX |
| Q2 2025 | 134 | $582.9M | BIL, MSFT, WCN, COST, IDXX |
| Q1 2025 | 125 | $500.5M | BIL, MSFT, WCN, COST, CPRT |
| Q4 2024 | 129 | $563.1M | BIL, MSFT, WCN, COST, GOOGL |
| Q3 2024 | 137 | $572.7M | MSFT, WCN, DHR, BIL, COST |
| Q2 2024 | 133 | $564.8M | MSFT, BIL, WCN, DHR, GOOGL |
| Q1 2024 | 143 | $556.1M | MSFT, BIL, WCN, CPRT, DHR |