Brasada Capital Management, LP

Name: BRASADA CAPITAL MANAGEMENT, LP 13F holdings, Q2 2025
Creator: BRASADA CAPITAL MANAGEMENT, LP
Published: 2025-08-14

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Brasada Capital Management, LP reported 134 stock positions worth $582.9 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 6.9% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Waste Connections (WCN, 3.5%). Compared with Q1 2025, it opened 24 new positions, sold out of 15, added to 37 and reduced 51. The biggest buy was a new position in West Pharmaceutical Services (WST) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −14%).

Most Recent 13F: Q2 2026
Location: HOUSTON, TX
CIK: 0001643833
Portfolio Value: $582.9M (Q2 2025)
SEC Filing: 0001420506-25-002057 ↗ filed Aug 14, 2025

Holdings Value

Holdings 134 stocks · $582.9M


BIL SS SPDR BB 1-3M T-Bill ETF	6.87%	437,702	$40.0M	Reduce -13.8%
MSFT Microsoft Corp.	5.49%	64,209	$32.0M	Reduce -3.5%
WCN Waste Connections Inc.	3.50%	112,990	$20.4M	Reduce -2.1%
COST Costco Wholesale Corp.	3.03%	17,922	$17.7M	Reduce -7.2%
IDXX Idexx Laboratories Inc.	3.02%	32,179	$17.6M	Reduce -2.0%
AMZN Amazon.com Inc.	2.94%	76,770	$17.1M	Reduce -0.3%
CP Canadian Pacific Kansas City	2.56%	183,819	$14.9M	Add +4.2%
GOOGL Alphabet Inc. Class A	2.49%	80,978	$14.5M	Reduce -7.5%
CRH CRH PLC	2.49%	152,670	$14.5M	Add +0.4%
HEI.A Heico Corp. Class A	2.38%	54,720	$13.9M	Reduce -0.7%
MCO Moody's Corp.	2.13%	24,630	$12.4M	Reduce -4.1%
MA Mastercard Inc. Class A	2.06%	21,105	$12.0M	Reduce -1.4%
TDG Transdigm Group Inc.	2.05%	7,855	$12.0M	Reduce -0.8%
WMB Williams Cos Inc.	2.05%	202,479	$11.9M	Reduce -2.3%
CPRT Copart Inc.	1.81%	213,437	$10.5M	Reduce -14.0%
ANSS Ansys Inc.	1.74%	27,644	$10.2M	Reduce -28.5%
BSX Boston Scientific Corp.	1.62%	90,117	$9.4M	Add +0.3%
CMS CMS Energy Corp.	1.55%	128,515	$9.1M	Reduce -3.5%
SPGI S&P Global Inc.	1.54%	16,990	$9.0M	Reduce -1.9%
ECL Ecolab Inc.	1.42%	30,132	$8.3M	Add +52.7%
DHR Danaher Corp.	1.36%	39,113	$7.9M	Reduce -4.2%
NOW ServiceNow Inc.	1.34%	7,464	$7.8M	Add +2.4%
BRK.B Berkshire Hathaway Inc. Class B	1.32%	15,848	$7.7M	Reduce -6.7%
UBER Uber Technologies Inc.	1.27%	79,336	$7.4M	Reduce -10.1%
CPT Camden Property Trust	1.20%	61,202	$7.0M	Add +2.1%
HWM Howmet Aerospace Inc.	1.18%	37,829	$6.8M	Reduce -0.5%
NVDA Nvidia Corp.	1.14%	41,879	$6.7M	Add +0.1%
TMO Thermo Fisher Scientific Inc.	1.14%	15,482	$6.6M	Add +71.0%
WELL Welltower Inc.	1.08%	41,115	$6.3M	Add +8.4%
SYK Stryker Corp.	1.05%	15,442	$6.1M	Reduce -11.3%
WST West Pharmaceutical Services	1.04%	27,330	$6.1M	New
TOST Toast Inc. Class A	1.01%	135,135	$5.9M	Add +15.6%
ETN Eaton Corp. PLC	1.00%	16,102	$5.8M	Add +8.0%
VMC Vulcan Materials Co.	0.98%	21,551	$5.7M	Reduce -5.7%
META Meta Platforms Inc. Class A	0.92%	7,409	$5.4M	New
MSI Motorola Solutions Inc.	0.87%	11,997	$5.1M	Reduce -17.6%
STATE STR SPDR S&P 500 ETF T	0.85%	8,000	$4.9M	New
SOLV Solventum Corp.	0.83%	61,702	$4.8M	Reduce -12.1%
TYL Tyler Technologies Inc.	0.82%	8,063	$4.8M	Reduce -2.2%
MS Morgan Stanley	0.82%	32,985	$4.8M	Add +1.7%
ATR Aptargroup Inc.	0.81%	29,211	$4.7M	Reduce -8.8%
LYV Live Nation Entertainment Inc.	0.81%	31,459	$4.7M	Add +1.3%
RTX RTX Corp.	0.80%	32,054	$4.7M	Add +1.5%
HLT Hilton Worldwide Holdings Inc.	0.77%	16,430	$4.5M	Add +1.8%
ORCL Oracle Corp.	0.77%	19,314	$4.5M	New
LNG Cheniere Energy Inc.	0.76%	18,537	$4.4M	Add +1.4%
V Visa Inc. Class A	0.76%	12,328	$4.4M	Add +1.7%
INTU Intuit Inc.	0.76%	5,656	$4.4M	Add +1.6%
JPM JPMorgan Chase & Co.	0.74%	14,537	$4.3M	Add +1.4%
RMD Resmed Inc.	0.71%	16,009	$4.1M	Add +1.9%
CLBT Cellebrite Di Ltd.	0.70%	265,195	$4.1M	Add +34.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.69%	12,661	$4.0M	Add +1.8%
TBLL Invesco Short Term Treasury	0.69%	38,073	$4.0M	New
GFL GFL Environmental Inc.-Sub VT	0.66%	79,687	$3.9M	Reduce -15.9%
CARR Carrier Global Corp.	0.64%	49,519	$3.7M	Add +2.4%
AMT American Tower Corp.	0.63%	16,521	$3.7M	Reduce -30.9%
PCOR Procore Technologies Inc.	0.51%	40,694	$3.0M	New
SH Proshares Short S&P500	0.49%	72,800	$2.9M	No change
TTEK Tetra Tech Inc.	0.46%	72,989	$2.7M	New
CCJ Cameco Corp.	0.45%	35,612	$2.6M	New
FTAI Ftai Aviation Ltd.	0.43%	21,950	$2.5M	No change
EZU iShares MSCI Eurozone ETF	0.42%	41,200	$2.5M	New
KMX Carmax Inc.	0.37%	30,683	$2.2M	Reduce -5.0%
EFX Equifax Inc.	0.36%	8,109	$2.1M	Reduce -4.7%
BKNG Booking Holdings Inc.	0.35%	361	$2.1M	Reduce -4.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui	0.34%	18,162	$2.0M	Reduce -7.9%
PPL PPL Corp.	0.33%	57,194	$1.9M	Add +1.9%
AAPL Apple Inc.	0.32%	8,766	$1.9M	Reduce -37.1%
CCC CCC Intelligent Solutions Ho	0.31%	187,429	$1.8M	Reduce -5.2%
GTLS Chart Industries Inc.	0.30%	10,000	$1.7M	No change
AVGO Broadcom Inc.	0.29%	6,044	$1.7M	New
UHAL.B U-Haul Holding Co.-Non Voting	0.27%	28,114	$1.6M	Reduce -5.1%
JEPI JPMorgan Equity Premium Inco	0.27%	27,971	$1.6M	Add +94.4%
ADP Automatic Data Processing	0.26%	4,930	$1.5M	Add +2.1%
GOOG Alphabet Inc. Class C	0.23%	7,401	$1.3M	No change
UNP Union Pacific Corp.	0.22%	5,535	$1.3M	Reduce -74.8%
FEUZ First Trust Eurozone Alphade	0.22%	23,600	$1.3M	New
CET Central Securities Corp.	0.22%	26,555	$1.3M	Add +53.2%
BLK BlackRock Inc.	0.21%	1,137	$1.2M	Add +2.6%
DTM DT Midstream Inc.	0.20%	10,814	$1.1M	Add +2.8%
IVW iShares S&P 500 Growth ETF	0.19%	9,979	$1.1M	No change
TRGP Targa Resources Corp.	0.19%	6,300	$1.1M	No change
KMI Kinder Morgan Inc.	0.18%	36,500	$1.1M	Add +21.7%
MAIN Main Street Capital Corp.	0.18%	17,000	$1.0M	Reduce -17.1%
VTR Ventas Inc.	0.18%	16,425	$1.0M	Add +6.0%
COF Capital One Financial Corp.	0.17%	4,750	$1.0M	New
NSC Norfolk Southern Corp.	0.17%	3,893	$996K	Reduce -3.7%
FLS Flowserve Corp.	0.17%	19,000	$995K	Add +35.7%
PWR Quanta Services Inc.	0.17%	2,570	$993K	No change
REXR Rexford Industrial Realty Inc.	0.17%	26,748	$993K	New
IWR iShares Russell Mid-Cap ETF	0.17%	10,511	$985K	Reduce -5.7%
PH Parker Hannifin Corp.	0.17%	1,400	$978K	No change
DE Deere & Co.	0.17%	1,900	$966K	Add +52.0%
NEE Nextera Energy Inc.	0.16%	12,500	$924K	No change
ZTS Zoetis Inc.	0.16%	5,800	$923K	No change
GS Goldman Sachs Group Inc.	0.16%	1,300	$920K	New
FERG Ferguson Enterprises Inc.	0.16%	4,100	$916K	Add +4.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.15%	18,500	$875K	Add +5.7%
DGRO iShares Core Dividend Growth	0.15%	13,381	$873K	Add +0.3%
BOND PIMCO Active Bond Exchange-T	0.14%	9,108	$833K	Reduce -26.5%
CMF iShares California Muni Bond	0.14%	14,300	$795K	New
MCD McDonald's Corp.	0.13%	2,648	$779K	Add +4.0%
MRVL Marvell Technology Inc.	0.13%	10,000	$774K	New
BA The Boeing Co.	0.13%	3,537	$764K	New
AGG iShares Core U.S. Aggregate	0.13%	7,724	$761K	Reduce -27.2%
ENFR Alerian Energy Infrastructur	0.13%	23,850	$760K	New
SCHD Schwab US DVD Equity ETF	0.13%	27,552	$754K	No change
GOVT iShares US Treasury Bond ETF	0.13%	33,014	$752K	Reduce -27.0%
MUB iShares National Muni Bond E	0.12%	6,849	$714K	Reduce -3.8%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED	0.12%	56,400	$684K	No change
TECB iShares US Tech Breakthrough	0.12%	11,694	$677K	Reduce -0.9%
LPG Dorian LPG Ltd.	0.11%	25,000	$649K	New
OKE Oneok Inc.	0.11%	7,694	$632K	No change
MCRI Monarch Casino & Resort Inc.	0.11%	7,000	$629K	No change
QQQ Invesco QQQ Trust Series 1	0.11%	1,124	$625K	No change
RRC Range Resources Corp.	0.10%	15,000	$610K	New
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.10%	4,360	$564K	Reduce -53.4%
AMD Advanced Micro Devices	0.09%	4,000	$552K	New
HD Home Depot Inc.	0.09%	1,500	$550K	Reduce -40.0%
AM Antero Midstream Corp.	0.09%	30,000	$543K	No change
CPK Chesapeake Utilities Corp.	0.08%	3,700	$455K	No change
AROC Archrock Inc.	0.08%	18,000	$445K	No change
MDU Mdu Resources Group Inc.	0.07%	25,000	$420K	No change
HHH Howard Hughes Holdings Inc.	0.07%	6,000	$413K	New
NCLH Norwegian Cruise Line Holdin	0.07%	20,000	$406K	New
PAGP Plains GP Holdings LP	0.07%	20,000	$391K	No change
JPIB JPMorgan Intl BND ETF	0.06%	7,040	$341K	Reduce -27.2%
VUSB Vanguard Ultra Short Bond Et	0.06%	6,684	$332K	Reduce -27.5%
LAMR Lamar Advertising Co. Class A	0.06%	2,671	$332K	Reduce -77.5%
AVB Avalonbay Communities Inc.	0.06%	1,620	$328K	Reduce -1.2%
EPAM Epam Systems Inc.	0.05%	1,500	$274K	No change
BR Broadridge Financial Solutio	0.05%	1,130	$274K	Reduce -94.8%
TSLA Tesla Inc.	0.03%	641	$202K	New
JBLU Jetblue Airways Corp.	0.01%	14,000	$62K	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $5.4M (not counted above)

Security	Class	Shares / Principal	Value	Change
MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	74,642	$5.4M	Add +778.1%

Total filed on the 13F, all lines: $588.3M.

Portfolio Sells Q1 2025 → Q2 2025


BIL SS SPDR BB 1-3M T-Bill ETF	Reduce -13.8%	6.87%	−2.41
SGOV iShares 0-3 Month Treasury B	Sold out	0.00%	−1.26
CPRT Copart Inc.	Reduce -14.0%	1.81%	−0.90
BR Broadridge Financial Solutio	Reduce -94.8%	0.05%	−0.89
WCN Waste Connections Inc.	Reduce -2.1%	3.50%	−0.72
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.70
UNP Union Pacific Corp.	Reduce -74.8%	0.22%	−0.69
BLDR Builders Firstsource Inc.	Sold out	0.00%	−0.55
MCHP Microchip Technology Inc.	Sold out	0.00%	−0.49
COST Costco Wholesale Corp.	Reduce -7.2%	3.03%	−0.47
ANSS Ansys Inc.	Reduce -28.5%	1.74%	−0.46
BRK.B Berkshire Hathaway Inc. Class B	Reduce -6.7%	1.32%	−0.35
AMT American Tower Corp.	Reduce -30.9%	0.63%	−0.35
CMS CMS Energy Corp.	Reduce -3.5%	1.55%	−0.31
MSI Motorola Solutions Inc.	Reduce -17.6%	0.87%	−0.27
WMB Williams Cos Inc.	Reduce -2.3%	2.05%	−0.22
LAMR Lamar Advertising Co. Class A	Reduce -77.5%	0.06%	−0.19
CAT Caterpillar Inc.	Sold out	0.00%	−0.16
AAPL Apple Inc.	Reduce -37.1%	0.32%	−0.16
GFL GFL Environmental Inc.-Sub VT	Reduce -15.9%	0.66%	−0.16
BKR Baker Hughes Co.	Sold out	0.00%	−0.15
C Citigroup Inc.	Sold out	0.00%	−0.14
WDAY Workday Inc. Class A	Sold out	0.00%	−0.14
JCI Johnson Controls Internation	Sold out	0.00%	−0.13
SYK Stryker Corp.	Reduce -11.3%	1.05%	−0.13
RF Regions Financial Corp.	Sold out	0.00%	−0.12
SUI Sun Communities Inc.	Reduce -53.4%	0.10%	−0.12
CTRA Coterra Energy Inc.	Sold out	0.00%	−0.11
KMX Carmax Inc.	Reduce -5.0%	0.37%	−0.10
KGS Kodiak Gas Services Inc.	Sold out	0.00%	−0.09
HD Home Depot Inc.	Reduce -40.0%	0.09%	−0.09
BOND PIMCO Active Bond Exchange-T	Reduce -26.5%	0.14%	−0.08
AXP American Express Co.	Sold out	0.00%	−0.08
GOVT iShares US Treasury Bond ETF	Reduce -27.0%	0.13%	−0.08
AGG iShares Core U.S. Aggregate	Reduce -27.2%	0.13%	−0.08
SOLV Solventum Corp.	Reduce -12.1%	0.83%	−0.08
LQD Ishr Ibx Usd Invgd CB ETF-Ui	Reduce -7.9%	0.34%	−0.07
SARK Tradr 1X Short Innov DLY-Usd	Sold out	0.00%	−0.07
FCX Freeport-McMoran Inc.	Sold out	0.00%	−0.06
DHR Danaher Corp.	Reduce -4.2%	1.36%	−0.06
GOOGL Alphabet Inc. Class A	Reduce -7.5%	2.49%	−0.05
VMC Vulcan Materials Co.	Reduce -5.7%	0.98%	−0.05
ATR Aptargroup Inc.	Reduce -8.8%	0.81%	−0.05
TYL Tyler Technologies Inc.	Reduce -2.2%	0.82%	−0.04
UHAL.B U-Haul Holding Co.-Non Voting	Reduce -5.1%	0.27%	−0.04
VUSB Vanguard Ultra Short Bond Et	Reduce -27.5%	0.06%	−0.03
JPIB JPMorgan Intl BND ETF	Reduce -27.2%	0.06%	−0.03
MUB iShares National Muni Bond E	Reduce -3.8%	0.12%	−0.02
MAIN Main Street Capital Corp.	Reduce -17.1%	0.18%	−0.02
NSC Norfolk Southern Corp.	Reduce -3.7%	0.17%	−0.02

Portfolio Buys Q1 2025 → Q2 2025


WST West Pharmaceutical Services	New	1.04%	+1.04
META Meta Platforms Inc. Class A	New	0.92%	+0.92
STATE STR SPDR S&P 500 ETF T	New	0.85%	+0.85
ORCL Oracle Corp.	New	0.77%	+0.77
TBLL Invesco Short Term Treasury	New	0.69%	+0.69
ECL Ecolab Inc.	Add +52.7%	1.42%	+0.53
PCOR Procore Technologies Inc.	New	0.51%	+0.51
TTEK Tetra Tech Inc.	New	0.46%	+0.46
CCJ Cameco Corp.	New	0.45%	+0.45
EZU iShares MSCI Eurozone ETF	New	0.42%	+0.42
TMO Thermo Fisher Scientific Inc.	Add +71.0%	1.14%	+0.38
NVDA Nvidia Corp.	Add +0.1%	1.14%	+0.34
TOST Toast Inc. Class A	Add +15.6%	1.01%	+0.31
AVGO Broadcom Inc.	New	0.29%	+0.29
NOW ServiceNow Inc.	Add +2.4%	1.34%	+0.28
ETN Eaton Corp. PLC	Add +8.0%	1.00%	+0.24
FEUZ First Trust Eurozone Alphade	New	0.22%	+0.22
CP Canadian Pacific Kansas City	Add +4.2%	2.56%	+0.19
COF Capital One Financial Corp.	New	0.17%	+0.17
REXR Rexford Industrial Realty Inc.	New	0.17%	+0.17
MS Morgan Stanley	Add +1.7%	0.82%	+0.17
GS Goldman Sachs Group Inc.	New	0.16%	+0.16
INTU Intuit Inc.	Add +1.6%	0.76%	+0.15
CMF iShares California Muni Bond	New	0.14%	+0.14
MRVL Marvell Technology Inc.	New	0.13%	+0.13
BA The Boeing Co.	New	0.13%	+0.13
ENFR Alerian Energy Infrastructur	New	0.13%	+0.13
JEPI JPMorgan Equity Premium Inco	Add +94.4%	0.27%	+0.13
HLT Hilton Worldwide Holdings Inc.	Add +1.8%	0.77%	+0.12
JPM JPMorgan Chase & Co.	Add +1.4%	0.74%	+0.12
LPG Dorian LPG Ltd.	New	0.11%	+0.11
CARR Carrier Global Corp.	Add +2.4%	0.64%	+0.11
RRC Range Resources Corp.	New	0.10%	+0.10
AMD Advanced Micro Devices	New	0.09%	+0.09
CET Central Securities Corp.	Add +53.2%	0.22%	+0.08
HHH Howard Hughes Holdings Inc.	New	0.07%	+0.07
NCLH Norwegian Cruise Line Holdin	New	0.07%	+0.07
LYV Live Nation Entertainment Inc.	Add +1.3%	0.81%	+0.07
RMD Resmed Inc.	Add +1.9%	0.71%	+0.06
DE Deere & Co.	Add +52.0%	0.17%	+0.05
CRH CRH PLC	Add +0.4%	2.49%	+0.05
WELL Welltower Inc.	Add +8.4%	1.08%	+0.04
RTX RTX Corp.	Add +1.5%	0.80%	+0.04
FERG Ferguson Enterprises Inc.	Add +4.1%	0.16%	+0.04
TSLA Tesla Inc.	New	0.03%	+0.03
FLS Flowserve Corp.	Add +35.7%	0.17%	+0.03
BLK BlackRock Inc.	Add +2.6%	0.21%	+0.03
KMI Kinder Morgan Inc.	Add +21.7%	0.18%	+0.01
LNG Cheniere Energy Inc.	Add +1.4%	0.76%	+0.01
V Visa Inc. Class A	Add +1.7%	0.76%	+0.01

Options Activity Q1 2025 → Q2 2025


NIKE INC	call	Sold out	20,000	$1.3Mbefore exit
SENSATA TECHNOLOGIES HLDG PL	call	Sold out	12,500	$303Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025


MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28)	DEP SHS REPSTG	Add +778.1%	74,642	$5.4M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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