Brasada Capital Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Brasada Capital Management, LP reported 129 stock positions worth $563.1 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 5.9% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Waste Connections (WCN, 3.7%). Compared with Q3 2024, it opened 12 new positions, sold out of 21, added to 46 and reduced 53. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +92%) and the biggest sale an exit from Public Storage (PSA).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001643833
- Portfolio Value
- $563.1M (Q4 2024)
- SEC Filing
- 0001420506-25-000500 ↗ filed Feb 14, 2025
Holdings Value
Holdings 129 stocks · $563.1M
| BIL SS SPDR BB 1-3M T-Bill ETF | 5.89% | 362,045 | $33.1M | Add +92.4% |
| MSFT Microsoft Corp. | 5.28% | 71,195 | $29.7M | Reduce -2.5% |
| WCN Waste Connections Inc. | 3.68% | 117,368 | $20.7M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 3.19% | 19,434 | $18.0M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 3.14% | 92,566 | $17.7M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 3.00% | 77,219 | $16.9M | Reduce -3.4% |
| DHR Danaher Corp. | 2.81% | 65,901 | $15.8M | Reduce -1.7% |
| CPRT Copart Inc. | 2.66% | 269,182 | $15.0M | Reduce -6.8% |
| CRH CRH PLC | 2.55% | 156,939 | $14.4M | Add +0.2% |
| ANSS Ansys Inc. | 2.54% | 42,404 | $14.3M | Add +7.2% |
| CP Canadian Pacific Kansas City | 2.47% | 188,538 | $13.9M | Reduce -0.3% |
| IDXX Idexx Laboratories Inc. | 2.22% | 29,523 | $12.5M | Add +23.6% |
| MCO Moody's Corp. | 2.17% | 26,738 | $12.2M | Reduce -0.8% |
| WMB Williams Cos Inc. | 2.16% | 217,284 | $12.1M | Add +3.3% |
| MA Mastercard Inc. Class A | 1.96% | 21,854 | $11.0M | Reduce -3.5% |
| UNP Union Pacific Corp. | 1.92% | 47,764 | $10.8M | Reduce -10.8% |
| HEI.A Heico Corp. Class A | 1.78% | 55,918 | $10.0M | Reduce -1.4% |
| BSX Boston Scientific Corp. | 1.59% | 95,277 | $9.0M | Reduce -0.8% |
| SPGI S&P Global Inc. | 1.58% | 18,323 | $8.9M | Add +113.0% |
| CMS CMS Energy Corp. | 1.57% | 135,830 | $8.8M | Add +0.6% |
| TDG Transdigm Group Inc. | 1.37% | 6,056 | $7.7M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.36% | 17,261 | $7.7M | Reduce -0.7% |
| NVDA Nvidia Corp. | 1.31% | 55,577 | $7.4M | Reduce -0.2% |
| CPT Camden Property Trust | 1.24% | 62,705 | $7.0M | Add +1.6% |
| CCC CCC Intelligent Solutions Ho | 1.24% | 633,123 | $7.0M | Add +3.8% |
| MSI Motorola Solutions Inc. | 1.20% | 14,757 | $6.7M | New |
| AMT American Tower Corp. | 1.12% | 35,684 | $6.3M | Reduce -12.8% |
| SYK Stryker Corp. | 1.10% | 17,190 | $6.2M | Add +805.2% |
| ETN Eaton Corp. PLC | 0.99% | 16,405 | $5.6M | Add +1.7% |
| VMC Vulcan Materials Co. | 0.97% | 21,278 | $5.4M | Add +4.6% |
| DPZ Domino's Pizza Inc. | 0.94% | 12,860 | $5.3M | Add +0.7% |
| BR Broadridge Financial Solutio | 0.92% | 23,151 | $5.2M | Reduce -0.6% |
| ATR Aptargroup Inc. | 0.90% | 32,865 | $5.1M | Add +3.1% |
| SOLV Solventum Corp. | 0.85% | 70,246 | $4.8M | Add +680.5% |
| TYL Tyler Technologies Inc. | 0.84% | 8,409 | $4.7M | Reduce -4.7% |
| WELL Welltower Inc. | 0.84% | 37,534 | $4.7M | New |
| UBER Uber Technologies Inc. | 0.80% | 68,679 | $4.5M | New |
| HWM Howmet Aerospace Inc. | 0.78% | 38,359 | $4.4M | New |
| GEV GE Vernova Inc. | 0.76% | 12,003 | $4.3M | Add +1100.3% |
| GFL GFL Environmental Inc.-Sub VT | 0.76% | 97,102 | $4.3M | Reduce -11.5% |
| LNG Cheniere Energy Inc. | 0.75% | 18,353 | $4.2M | New |
| NOW ServiceNow Inc. | 0.75% | 4,139 | $4.2M | Add +3.4% |
| CARR Carrier Global Corp. | 0.75% | 62,287 | $4.2M | Add +3.3% |
| LYV Live Nation Entertainment Inc. | 0.74% | 31,974 | $4.2M | Add +2.3% |
| TTEK Tetra Tech Inc. | 0.73% | 98,530 | $4.1M | Reduce -0.8% |
| MS Morgan Stanley | 0.72% | 32,605 | $4.0M | Add +5.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.70% | 16,294 | $3.9M | Add +2.8% |
| V Visa Inc. Class A | 0.67% | 12,215 | $3.7M | Add +6.4% |
| RTX RTX Corp. | 0.66% | 31,615 | $3.7M | Add +3.9% |
| MGRC McGrath Rentcorp | 0.64% | 31,657 | $3.6M | Add +100.1% |
| FTAI Ftai Aviation Ltd. | 0.64% | 21,950 | $3.6M | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.62% | 12,282 | $3.5M | Add +3.5% |
| BLDR Builders Firstsource Inc. | 0.61% | 23,588 | $3.5M | Add +7.0% |
| INTU Intuit Inc. | 0.60% | 5,511 | $3.4M | Add +5.0% |
| AAPL Apple Inc. | 0.60% | 14,337 | $3.4M | Reduce -11.2% |
| UNH Unitedhealth Group Inc. | 0.60% | 6,195 | $3.4M | Add +3.8% |
| COP Conocophillips | 0.57% | 30,898 | $3.2M | Add +3.3% |
| JPM JPMorgan Chase & Co. | 0.57% | 13,159 | $3.2M | Add +12.2% |
| MCHP Microchip Technology Inc. | 0.56% | 56,146 | $3.2M | Add +12.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.55% | 4,263 | $3.1M | New |
| SGOV iShares 0-3 Month Treasury B | 0.54% | 30,364 | $3.1M | Reduce -52.9% |
| KMX Carmax Inc. | 0.47% | 33,507 | $2.6M | Reduce -9.6% |
| GTLS Chart Industries Inc. | 0.42% | 12,000 | $2.4M | No change |
| TXN Texas Instruments Inc. | 0.42% | 12,382 | $2.4M | Reduce -10.6% |
| EFX Equifax Inc. | 0.38% | 8,645 | $2.1M | Reduce -70.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.34% | 30,712 | $1.9M | Reduce -9.6% |
| BKNG Booking Holdings Inc. | 0.33% | 394 | $1.9M | Reduce -54.9% |
| NSC Norfolk Southern Corp. | 0.31% | 7,332 | $1.7M | New |
| APD Air Products & Chemicals Inc. | 0.30% | 5,645 | $1.7M | Reduce -9.7% |
| GOOG Alphabet Inc. Class C | 0.29% | 8,601 | $1.7M | Reduce -0.3% |
| DTM DT Midstream Inc. | 0.29% | 15,696 | $1.7M | Reduce -20.4% |
| WSC Willscot Holdings Corp. | 0.29% | 46,764 | $1.6M | Reduce -63.7% |
| PPL PPL Corp. | 0.29% | 51,611 | $1.6M | Add +8.7% |
| LAMR Lamar Advertising Co. Class A | 0.27% | 12,787 | $1.5M | Reduce -10.7% |
| ADP Automatic Data Processing | 0.25% | 4,849 | $1.4M | Reduce -3.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.24% | 12,945 | $1.4M | Reduce -20.4% |
| TRGP Targa Resources Corp. | 0.22% | 6,340 | $1.3M | Reduce -11.2% |
| MAIN Main Street Capital Corp. | 0.21% | 20,500 | $1.2M | No change |
| VTR Ventas Inc. | 0.20% | 19,788 | $1.1M | Add +36.5% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.20% | 9,360 | $1.1M | Reduce -13.8% |
| IVW iShares S&P 500 Growth ETF | 0.20% | 11,268 | $1.1M | No change |
| BLK BlackRock Inc. | 0.19% | 1,129 | $1.1M | Add +1.8% |
| BOND PIMCO Active Bond Exchange-T | 0.18% | 11,499 | $1.0M | Reduce -18.1% |
| IWR iShares Russell Mid-Cap ETF | 0.18% | 11,390 | $1.0M | Add +17.9% |
| ZTS Zoetis Inc. | 0.18% | 6,035 | $1.0M | Reduce -83.9% |
| MDU Mdu Resources Group Inc. | 0.18% | 55,101 | $990K | Add +359.2% |
| EXR Extra Space Storage Inc. | 0.17% | 6,499 | $958K | Add +12.5% |
| USB US Bancorp | 0.17% | 20,000 | $957K | No change |
| AGG iShares Core U.S. Aggregate | 0.17% | 9,957 | $954K | Reduce -18.1% |
| PH Parker Hannifin Corp. | 0.17% | 1,500 | $954K | Add +50.0% |
| FLS Flowserve Corp. | 0.17% | 16,500 | $949K | New |
| GOVT iShares US Treasury Bond ETF | 0.17% | 42,473 | $945K | Reduce -18.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 21,500 | $945K | Reduce -4.4% |
| JEPI JPMorgan Equity Premium Inco | 0.17% | 16,445 | $942K | Reduce -5.6% |
| GLW Corning Inc. | 0.16% | 19,000 | $903K | New |
| PWR Quanta Services Inc. | 0.16% | 2,870 | $902K | No change |
| KMI Kinder Morgan Inc. | 0.16% | 32,500 | $891K | Add +62.5% |
| FIS Fidelity National Info Serv | 0.16% | 11,000 | $888K | No change |
| PYPL PayPal Holdings Inc. | 0.15% | 10,000 | $854K | No change |
| DGRO iShares Core Dividend Growth | 0.15% | 13,749 | $838K | Add +36.9% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($4.4M), INVESCO QQQ TR puts ($2.6M), ISHARES TR calls ($2.2M).
Portfolio Sells Q3 2024 → Q4 2024
| PSA Public Storage | Sold out | 0.00% | −1.45 |
| EFX Equifax Inc. | Reduce -70.1% | 0.38% | −1.10 |
| ZTS Zoetis Inc. | Reduce -83.9% | 0.18% | −1.08 |
| ICLR Icon PLC | Sold out | 0.00% | −0.99 |
| AMAT Applied Materials Inc. | Reduce -88.4% | 0.10% | −0.96 |
| STE Steris PLC | Sold out | 0.00% | −0.81 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.78 |
| PAR Par Technology Corp. | Reduce -92.1% | 0.09% | −0.73 |
| MSA Msa Safety Inc. | Sold out | 0.00% | −0.72 |
| NEE Nextera Energy Inc. | Reduce -76.4% | 0.15% | −0.64 |
| SGOV iShares 0-3 Month Treasury B | Reduce -52.9% | 0.54% | −0.59 |
| WSC Willscot Holdings Corp. | Reduce -63.7% | 0.29% | −0.55 |
| AMT American Tower Corp. | Reduce -12.8% | 1.12% | −0.54 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.49 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.47 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −0.42 |
| DHR Danaher Corp. | Reduce -1.7% | 2.81% | −0.40 |
| UNP Union Pacific Corp. | Reduce -10.8% | 1.92% | −0.35 |
| BKNG Booking Holdings Inc. | Reduce -54.9% | 0.33% | −0.30 |
| CP Canadian Pacific Kansas City | Reduce -0.3% | 2.47% | −0.29 |
| HEI.A Heico Corp. Class A | Reduce -1.4% | 1.78% | −0.26 |
| TDG Transdigm Group Inc. | Reduce -2.5% | 1.37% | −0.19 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.16 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.16 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.15 |
| CHURCHILL DOWNS INC | Sold out | 0.00% | −0.14 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.14 |
| EPAM Epam Systems Inc. | Reduce -62.2% | 0.10% | −0.12 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.12 |
| MCRI Monarch Casino & Resort Inc. | Reduce -52.1% | 0.10% | −0.10 |
| YETI Yeti Holdings Inc. | Sold out | 0.00% | −0.09 |
| TTEK Tetra Tech Inc. | Reduce -0.8% | 0.73% | −0.08 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -9.6% | 0.34% | −0.08 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -20.4% | 0.24% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -10.6% | 0.42% | −0.07 |
| TYL Tyler Technologies Inc. | Reduce -4.7% | 0.84% | −0.06 |
| LAMR Lamar Advertising Co. Class A | Reduce -10.7% | 0.27% | −0.06 |
| LPG Dorian LPG Ltd. | Sold out | 0.00% | −0.05 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.05 |
| SUI Sun Communities Inc. | Reduce -13.8% | 0.20% | −0.05 |
| HZO Marinemax Inc. | Sold out | 0.00% | −0.05 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.05 |
| BOND PIMCO Active Bond Exchange-T | Reduce -18.1% | 0.18% | −0.05 |
| MSFT Microsoft Corp. | Reduce -2.5% | 5.28% | −0.05 |
| XSD SS SPDR S&P Semiconductor | Sold out | 0.00% | −0.05 |
| GOVT iShares US Treasury Bond ETF | Reduce -18.6% | 0.17% | −0.05 |
| AGG iShares Core U.S. Aggregate | Reduce -18.1% | 0.17% | −0.05 |
| AAPL Apple Inc. | Reduce -11.2% | 0.60% | −0.04 |
| MCO Moody's Corp. | Reduce -0.8% | 2.17% | −0.04 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +92.4% | 5.89% | +2.88 |
| MSI Motorola Solutions Inc. | New | 1.20% | +1.20 |
| SYK Stryker Corp. | Add +805.2% | 1.10% | +0.98 |
| WELL Welltower Inc. | New | 0.84% | +0.84 |
| SPGI S&P Global Inc. | Add +113.0% | 1.58% | +0.80 |
| UBER Uber Technologies Inc. | New | 0.80% | +0.80 |
| HWM Howmet Aerospace Inc. | New | 0.78% | +0.78 |
| LNG Cheniere Energy Inc. | New | 0.75% | +0.75 |
| SOLV Solventum Corp. | Add +680.5% | 0.85% | +0.74 |
| GEV GE Vernova Inc. | Add +1100.3% | 0.76% | +0.72 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.55% | +0.55 |
| WMB Williams Cos Inc. | Add +3.3% | 2.16% | +0.41 |
| MGRC McGrath Rentcorp | Add +100.1% | 0.64% | +0.36 |
| ANSS Ansys Inc. | Add +7.2% | 2.54% | +0.35 |
| NSC Norfolk Southern Corp. | New | 0.31% | +0.31 |
| COST Costco Wholesale Corp. | Add +0.1% | 3.19% | +0.21 |
| IDXX Idexx Laboratories Inc. | Add +23.6% | 2.22% | +0.19 |
| FLS Flowserve Corp. | New | 0.17% | +0.17 |
| GLW Corning Inc. | New | 0.16% | +0.16 |
| MS Morgan Stanley | Add +5.8% | 0.72% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +12.2% | 0.57% | +0.15 |
| LYV Live Nation Entertainment Inc. | Add +2.3% | 0.74% | +0.13 |
| NOW ServiceNow Inc. | Add +3.4% | 0.75% | +0.13 |
| MDU Mdu Resources Group Inc. | Add +359.2% | 0.18% | +0.12 |
| VMC Vulcan Materials Co. | Add +4.6% | 0.97% | +0.11 |
| V Visa Inc. Class A | Add +6.4% | 0.67% | +0.11 |
| CRH CRH PLC | Add +0.2% | 2.55% | +0.10 |
| CCC CCC Intelligent Solutions Ho | Add +3.8% | 1.24% | +0.10 |
| OII Oceaneering Intl Inc. | New | 0.09% | +0.09 |
| KMI Kinder Morgan Inc. | Add +62.5% | 0.16% | +0.08 |
| TSEM Tower Semiconductor Ltd. | New | 0.07% | +0.07 |
| MUB iShares National Muni Bond E | Add +145.1% | 0.11% | +0.07 |
| INFA Informatica Inc. Class A | New | 0.06% | +0.06 |
| ETN Eaton Corp. PLC | Add +1.7% | 0.99% | +0.06 |
| ECG Everus Construction Group | Add +166.7% | 0.09% | +0.06 |
| PH Parker Hannifin Corp. | Add +50.0% | 0.17% | +0.06 |
| HLT Hilton Worldwide Holdings Inc. | Add +2.8% | 0.70% | +0.06 |
| GNRC Generac Holdings Inc. | Add +80.0% | 0.12% | +0.05 |
| VTR Ventas Inc. | Add +36.5% | 0.20% | +0.04 |
| INTU Intuit Inc. | Add +5.0% | 0.60% | +0.04 |
| DGRO iShares Core Dividend Growth | Add +36.9% | 0.15% | +0.04 |
| AJG Arthur J Gallagher & Co. | Add +3.5% | 0.62% | +0.03 |
| IWR iShares Russell Mid-Cap ETF | Add +17.9% | 0.18% | +0.03 |
| PPL PPL Corp. | Add +8.7% | 0.29% | +0.02 |
| ATR Aptargroup Inc. | Add +3.1% | 0.90% | +0.01 |
| TECB iShares US Tech Breakthrough | Add +3.1% | 0.11% | +0.01 |
| BLK BlackRock Inc. | Add +1.8% | 0.19% | +0.01 |
| RTX RTX Corp. | Add +3.9% | 0.66% | +0.00 |
| MCD McDonald's Corp. | Add +4.5% | 0.13% | −0.00 |
| COP Conocophillips | Add +3.3% | 0.57% | −0.00 |
Options Activity Q3 2024 → Q4 2024
| STATE STR SPDR S&P 500 ETF T | put | New | 7,500 | $4.4M |
| INVESCO QQQ TR | put | New | 5,000 | $2.6M |
| ISHARES TR | call | New | 10,000 | $2.2M |
| PAYPAL HLDGS INC | call | Sold out | 5,000 | $390Kbefore exit |
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 |