Brasada Capital Management, LP

Name: BRASADA CAPITAL MANAGEMENT, LP 13F holdings, Q4 2024
Creator: BRASADA CAPITAL MANAGEMENT, LP
Published: 2025-02-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

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%
NEE Nextera Energy Inc.	0.15%	12,500	$837K	Reduce -76.4%
OKE Oneok Inc.	0.14%	7,694	$800K	No change
JCI Johnson Controls Internation	0.14%	10,000	$789K	Reduce -20.0%
SCHD Schwab US DVD Equity ETF	0.14%	28,575	$780K	No change
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED	0.14%	58,000	$780K	Reduce -2.4%
MCD McDonald's Corp.	0.13%	2,598	$737K	Add +4.5%
GNRC Generac Holdings Inc.	0.12%	4,500	$698K	Add +80.0%
MUB iShares National Muni Bond E	0.11%	6,056	$639K	Add +145.1%
TECB iShares US Tech Breakthrough	0.11%	12,188	$636K	Add +3.1%
AGS Playags Inc.	0.11%	50,000	$592K	No change
KNTK Kinetik Holdings Inc.	0.10%	9,400	$570K	No change
AMAT Applied Materials Inc.	0.10%	3,500	$569K	Reduce -88.4%
QQQ Invesco QQQ Trust Series 1	0.10%	1,109	$561K	Reduce -3.5%
EPAM Epam Systems Inc.	0.10%	2,450	$553K	Reduce -62.2%
MCRI Monarch Casino & Resort Inc.	0.10%	7,000	$552K	Reduce -52.1%
ECG Everus Construction Group	0.09%	8,000	$527K	Add +166.7%
PAR Par Technology Corp.	0.09%	7,502	$507K	Reduce -92.1%
OII Oceaneering Intl Inc.	0.09%	19,000	$494K	New
AROC Archrock Inc.	0.09%	18,000	$485K	No change
ITRI Itron Inc.	0.08%	4,500	$465K	No change
AVB Avalonbay Communities Inc.	0.08%	2,140	$462K	No change
TOST Toast Inc. Class A	0.08%	13,000	$456K	No change
CPK Chesapeake Utilities Corp.	0.08%	3,700	$434K	Reduce -2.6%
VUSB Vanguard Ultra Short Bond Et	0.08%	8,690	$431K	Reduce -18.7%
JPIB JPMorgan Intl BND ETF	0.08%	9,134	$429K	Reduce -18.1%
TSEM Tower Semiconductor Ltd.	0.07%	8,000	$412K	New
WAB Wabtec Corp.	0.07%	2,000	$384K	No change
INFA Informatica Inc. Class A	0.06%	14,000	$363K	New
JBLU Jetblue Airways Corp.	0.02%	14,000	$105K	No change

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