Brasada Capital Management, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Brasada Capital Management, LP reported 141 stock positions worth $588.1 million. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 5.3%) and Alphabet Class A (GOOGL, 4.3%). Compared with Q2 2025, it opened 20 new positions, sold out of 13, added to 45 and reduced 47. The biggest buy was Alphabet Class A (GOOGL, shares +27%) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001643833
- Portfolio Value
- $588.1M (Q3 2025)
- SEC Filing
- 0001420506-25-003331 ↗ filed Nov 14, 2025
Holdings Value
Holdings 141 stocks · $588.1M
| MSFT Microsoft Corp. | 5.55% | 63,244 | $32.6M | Reduce -1.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 5.28% | 339,682 | $31.1M | Reduce -22.4% |
| GOOGL Alphabet Inc. Class A | 4.29% | 102,691 | $25.2M | Add +26.8% |
| WCN Waste Connections Inc. | 3.27% | 111,177 | $19.2M | Reduce -1.6% |
| IDXX Idexx Laboratories Inc. | 3.26% | 30,285 | $19.2M | Reduce -5.9% |
| CRH CRH PLC | 3.16% | 153,305 | $18.6M | Add +0.4% |
| AMZN Amazon.com Inc. | 3.04% | 80,378 | $17.9M | Add +4.7% |
| COST Costco Wholesale Corp. | 2.82% | 18,114 | $16.6M | Add +1.1% |
| HEI.A Heico Corp. Class A | 2.29% | 53,737 | $13.5M | Reduce -1.8% |
| WMB Williams Cos Inc. | 2.14% | 208,446 | $12.6M | Add +3.0% |
| MA Mastercard Inc. Class A | 2.06% | 20,952 | $12.1M | Reduce -0.7% |
| MCO Moody's Corp. | 1.99% | 24,221 | $11.7M | Reduce -1.7% |
| TDG Transdigm Group Inc. | 1.65% | 7,542 | $9.7M | Reduce -4.0% |
| CMS CMS Energy Corp. | 1.59% | 129,801 | $9.3M | Add +1.0% |
| CPRT Copart Inc. | 1.54% | 203,671 | $9.1M | Reduce -4.6% |
| CP Canadian Pacific Kansas City | 1.44% | 111,960 | $8.5M | Reduce -39.1% |
| BSX Boston Scientific Corp. | 1.43% | 87,496 | $8.4M | Reduce -2.9% |
| ECL Ecolab Inc. | 1.43% | 30,643 | $8.4M | Add +1.7% |
| V Visa Inc. Class A | 1.43% | 24,247 | $8.4M | Add +96.7% |
| SPGI S&P Global Inc. | 1.40% | 17,184 | $8.2M | Add +1.1% |
| DHR Danaher Corp. | 1.36% | 38,156 | $8.0M | Reduce -2.5% |
| UBER Uber Technologies Inc. | 1.32% | 80,566 | $7.8M | Add +1.6% |
| WST West Pharmaceutical Services | 1.31% | 28,111 | $7.7M | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.29% | 15,241 | $7.6M | Reduce -3.8% |
| NOW ServiceNow Inc. | 1.24% | 8,004 | $7.3M | Add +7.2% |
| HWM Howmet Aerospace Inc. | 1.21% | 37,233 | $7.1M | Reduce -1.6% |
| NVDA Nvidia Corp. | 1.20% | 37,438 | $7.1M | Reduce -10.6% |
| WELL Welltower Inc. | 1.18% | 39,508 | $6.9M | Reduce -3.9% |
| VMC Vulcan Materials Co. | 1.05% | 20,377 | $6.2M | Reduce -5.5% |
| ETN Eaton Corp. PLC | 1.04% | 16,306 | $6.1M | Add +1.3% |
| MSI Motorola Solutions Inc. | 0.98% | 12,833 | $5.7M | Add +7.0% |
| CET Central Securities Corp. | 0.96% | 110,280 | $5.7M | Add +315.3% |
| SYK Stryker Corp. | 0.95% | 15,196 | $5.6M | Reduce -1.6% |
| RTX RTX Corp. | 0.94% | 33,221 | $5.5M | Add +3.6% |
| UNH Unitedhealth Group Inc. | 0.92% | 15,336 | $5.4M | New |
| SSD Simpson Manufacturing Co. Inc. | 0.92% | 31,868 | $5.4M | New |
| MS Morgan Stanley | 0.90% | 33,992 | $5.3M | Add +3.0% |
| CLBT Cellebrite Di Ltd. | 0.89% | 277,385 | $5.2M | Add +4.6% |
| EXR Extra Space Storage Inc. | 0.86% | 35,904 | $5.1M | New |
| LYV Live Nation Entertainment Inc. | 0.86% | 32,166 | $5.0M | Add +2.3% |
| META Meta Platforms Inc. Class A | 0.85% | 6,877 | $5.0M | Reduce -7.2% |
| ORCL Oracle Corp. | 0.84% | 17,235 | $5.0M | Reduce -10.8% |
| MCHP Microchip Technology Inc. | 0.81% | 72,652 | $4.8M | New |
| JPM JPMorgan Chase & Co. | 0.79% | 15,153 | $4.7M | Add +4.2% |
| TWFG TWFG Inc. | 0.79% | 169,416 | $4.7M | New |
| SOLV Solventum Corp. | 0.79% | 62,245 | $4.6M | Add +0.9% |
| RMD Resmed Inc. | 0.78% | 16,479 | $4.6M | Add +2.9% |
| LNG Cheniere Energy Inc. | 0.76% | 19,202 | $4.5M | Add +3.6% |
| ENFR Alerian Energy Infrastructur | 0.74% | 136,260 | $4.4M | Add +471.3% |
| HLT Hilton Worldwide Holdings Inc. | 0.74% | 16,873 | $4.4M | Add +2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.70% | 7,826 | $4.1M | Reduce -49.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.70% | 13,302 | $4.1M | Add +5.1% |
| INTU Intuit Inc. | 0.69% | 5,927 | $4.0M | Add +4.8% |
| COIN Coinbase Global Inc. Class A | 0.66% | 10,676 | $3.9M | New |
| TYL Tyler Technologies Inc. | 0.65% | 7,701 | $3.8M | Reduce -4.5% |
| FTAI Ftai Aviation Ltd. | 0.64% | 21,950 | $3.8M | No change |
| GFL GFL Environmental Inc.-Sub VT | 0.62% | 78,475 | $3.7M | Reduce -1.5% |
| CCJ Cameco Corp. | 0.55% | 38,618 | $3.2M | Add +8.4% |
| CARR Carrier Global Corp. | 0.52% | 52,126 | $3.1M | Add +5.3% |
| AMT American Tower Corp. | 0.51% | 15,552 | $3.0M | Reduce -5.9% |
| EZU iShares MSCI Eurozone ETF | 0.44% | 41,200 | $2.6M | No change |
| SH Proshares Short S&P500 | 0.43% | 68,415 | $2.5M | Reduce -6.0% |
| TTEK Tetra Tech Inc. | 0.42% | 73,660 | $2.5M | Add +0.9% |
| SNPS Synopsys Inc. | 0.40% | 4,943 | $2.3M | New |
| PPL PPL Corp. | 0.37% | 59,500 | $2.2M | Add +4.0% |
| AAPL Apple Inc. | 0.36% | 8,166 | $2.1M | Reduce -6.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.35% | 18,323 | $2.0M | Add +0.9% |
| GTLS Chart Industries Inc. | 0.34% | 10,000 | $2.0M | No change |
| BKNG Booking Holdings Inc. | 0.33% | 355 | $1.9M | Reduce -1.7% |
| EFX Equifax Inc. | 0.31% | 7,946 | $1.8M | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 0.31% | 7,401 | $1.8M | No change |
| CCC CCC Intelligent Solutions Ho | 0.29% | 182,068 | $1.7M | Reduce -2.9% |
| MUB iShares National Muni Bond E | 0.28% | 15,624 | $1.7M | Add +128.1% |
| FERG Ferguson Enterprises Inc. | 0.28% | 7,238 | $1.7M | Add +76.5% |
| TBLL Invesco Short Term Treasury | 0.25% | 13,907 | $1.5M | Reduce -63.5% |
| ADP Automatic Data Processing | 0.24% | 4,931 | $1.4M | Add +0.0% |
| FEUZ First Trust Eurozone Alphade | 0.24% | 23,600 | $1.4M | No change |
| BLK BlackRock Inc. | 0.22% | 1,113 | $1.3M | Reduce -2.1% |
| IVW iShares S&P 500 Growth ETF | 0.21% | 9,979 | $1.2M | No change |
| AVGO Broadcom Inc. | 0.21% | 3,572 | $1.2M | Reduce -40.9% |
| VTR Ventas Inc. | 0.20% | 17,058 | $1.2M | Add +3.9% |
| DTM DT Midstream Inc. | 0.20% | 10,151 | $1.2M | Reduce -6.1% |
| REXR Rexford Industrial Realty Inc. | 0.19% | 27,631 | $1.1M | Add +3.3% |
| MAIN Main Street Capital Corp. | 0.18% | 17,000 | $1.1M | No change |
| PWR Quanta Services Inc. | 0.18% | 2,570 | $1.1M | No change |
| KMI Kinder Morgan Inc. | 0.18% | 38,000 | $1.1M | Add +4.1% |
| GS Goldman Sachs Group Inc. | 0.18% | 1,300 | $1.0M | No change |
| TRGP Targa Resources Corp. | 0.17% | 6,300 | $1.0M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.17% | 10,419 | $1.0M | Reduce -0.9% |
| NEE Nextera Energy Inc. | 0.17% | 12,500 | $977K | No change |
| DE Deere & Co. | 0.16% | 2,100 | $960K | Add +10.5% |
| JEPI JPMorgan Equity Premium Inco | 0.16% | 16,694 | $949K | Reduce -40.3% |
| PH Parker Hannifin Corp. | 0.16% | 1,250 | $948K | Reduce -10.7% |
| DGRO iShares Core Dividend Growth | 0.15% | 13,238 | $903K | Reduce -1.1% |
| COF Capital One Financial Corp. | 0.15% | 4,050 | $861K | Reduce -14.7% |
| BOND PIMCO Active Bond Exchange-T | 0.14% | 9,130 | $852K | Add +0.2% |
| ZTS Zoetis Inc. | 0.14% | 5,800 | $850K | No change |
| UNP Union Pacific Corp. | 0.14% | 3,612 | $847K | Reduce -34.7% |
| TOST Toast Inc. Class A | 0.14% | 23,265 | $841K | Reduce -82.8% |
| MCD McDonald's Corp. | 0.14% | 2,801 | $840K | Add +5.8% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($4.0M), LENNAR CORP calls ($1.3M).
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −1.74 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -22.4% | 5.28% | −1.59 |
| CP Canadian Pacific Kansas City | Reduce -39.1% | 1.44% | −1.11 |
| CPT Camden Property Trust | Reduce -89.7% | 0.11% | −1.09 |
| TOST Toast Inc. Class A | Reduce -82.8% | 0.14% | −0.87 |
| STATE STR SPDR S&P 500 ETF T | Sold out | 0.00% | −0.85 |
| ATR Aptargroup Inc. | Sold out | 0.00% | −0.81 |
| PCOR Procore Technologies Inc. | Sold out | 0.00% | −0.51 |
| TMO Thermo Fisher Scientific Inc. | Reduce -49.5% | 0.70% | −0.44 |
| TBLL Invesco Short Term Treasury | Reduce -63.5% | 0.25% | −0.44 |
| TDG Transdigm Group Inc. | Reduce -4.0% | 1.65% | −0.41 |
| KMX Carmax Inc. | Sold out | 0.00% | −0.37 |
| UHAL.B U-Haul Holding Co.-Non Voting | Sold out | 0.00% | −0.27 |
| CPRT Copart Inc. | Reduce -4.6% | 1.54% | −0.26 |
| WCN Waste Connections Inc. | Reduce -1.6% | 3.27% | −0.23 |
| BSX Boston Scientific Corp. | Reduce -2.9% | 1.43% | −0.18 |
| NSC Norfolk Southern Corp. | Sold out | 0.00% | −0.17 |
| TYL Tyler Technologies Inc. | Reduce -4.5% | 0.65% | −0.16 |
| MCO Moody's Corp. | Reduce -1.7% | 1.99% | −0.15 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.13 |
| AMT American Tower Corp. | Reduce -5.9% | 0.51% | −0.12 |
| JEPI JPMorgan Equity Premium Inco | Reduce -40.3% | 0.16% | −0.11 |
| RRC Range Resources Corp. | Sold out | 0.00% | −0.10 |
| SYK Stryker Corp. | Reduce -1.6% | 0.95% | −0.10 |
| HEI.A Heico Corp. Class A | Reduce -1.8% | 2.29% | −0.09 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.09 |
| UNP Union Pacific Corp. | Reduce -34.7% | 0.14% | −0.08 |
| AVGO Broadcom Inc. | Reduce -40.9% | 0.21% | −0.08 |
| AROC Archrock Inc. | Sold out | 0.00% | −0.08 |
| MDU Mdu Resources Group Inc. | Sold out | 0.00% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -7.2% | 0.85% | −0.07 |
| SH Proshares Short S&P500 | Reduce -6.0% | 0.43% | −0.06 |
| GRSD Grandstand Ltd. | Reduce -28.4% | 0.06% | −0.06 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.06 |
| EFX Equifax Inc. | Reduce -2.0% | 0.31% | −0.05 |
| GFL GFL Environmental Inc.-Sub VT | Reduce -1.5% | 0.62% | −0.04 |
| BAC Bank of America Corp. | Reduce -29.7% | 0.11% | −0.04 |
| FLS Flowserve Corp. | Reduce -21.1% | 0.14% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.8% | 1.29% | −0.03 |
| CCC CCC Intelligent Solutions Ho | Reduce -2.9% | 0.29% | −0.03 |
| COF Capital One Financial Corp. | Reduce -14.7% | 0.15% | −0.03 |
| BKNG Booking Holdings Inc. | Reduce -1.7% | 0.33% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -10.7% | 0.16% | −0.01 |
| CMF iShares California Muni Bond | Reduce -5.0% | 0.13% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -0.7% | 2.06% | −0.00 |
| LAMR Lamar Advertising Co. Class A | Reduce -3.8% | 0.05% | −0.00 |
| DTM DT Midstream Inc. | Reduce -6.1% | 0.20% | −0.00 |
| DHR Danaher Corp. | Reduce -2.5% | 1.36% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.9% | 0.17% | +0.00 |
| DGRO iShares Core Dividend Growth | Reduce -1.1% | 0.15% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +26.8% | 4.29% | +1.80 |
| UNH Unitedhealth Group Inc. | New | 0.92% | +0.92 |
| SSD Simpson Manufacturing Co. Inc. | New | 0.92% | +0.92 |
| EXR Extra Space Storage Inc. | New | 0.86% | +0.86 |
| MCHP Microchip Technology Inc. | New | 0.81% | +0.81 |
| TWFG TWFG Inc. | New | 0.79% | +0.79 |
| CET Central Securities Corp. | Add +315.3% | 0.96% | +0.74 |
| CRH CRH PLC | Add +0.4% | 3.16% | +0.67 |
| V Visa Inc. Class A | Add +96.7% | 1.43% | +0.67 |
| COIN Coinbase Global Inc. Class A | New | 0.66% | +0.66 |
| ENFR Alerian Energy Infrastructur | Add +471.3% | 0.74% | +0.61 |
| SNPS Synopsys Inc. | New | 0.40% | +0.40 |
| WST West Pharmaceutical Services | Add +2.9% | 1.31% | +0.26 |
| CLBT Cellebrite Di Ltd. | Add +4.6% | 0.89% | +0.18 |
| MUB iShares National Muni Bond E | Add +128.1% | 0.28% | +0.16 |
| RTX RTX Corp. | Add +3.6% | 0.94% | +0.14 |
| NG Novagold Resources Inc. | New | 0.13% | +0.13 |
| FERG Ferguson Enterprises Inc. | Add +76.5% | 0.28% | +0.12 |
| FCX Freeport-McMoran Inc. | New | 0.12% | +0.12 |
| ARE Alexandria Real Estate Equit | New | 0.12% | +0.12 |
| LFUS Littelfuse Inc. | New | 0.11% | +0.11 |
| LEN Lennar Corp. Class A | New | 0.11% | +0.11 |
| SKY Champion Homes Inc. | New | 0.10% | +0.10 |
| MSI Motorola Solutions Inc. | Add +7.0% | 0.98% | +0.10 |
| CCJ Cameco Corp. | Add +8.4% | 0.55% | +0.10 |
| NKE Nike Inc. Class B | New | 0.10% | +0.10 |
| AMZN Amazon.com Inc. | Add +4.7% | 3.04% | +0.10 |
| BLDR Builders Firstsource Inc. | New | 0.10% | +0.10 |
| MDT Medtronic PLC | New | 0.10% | +0.10 |
| WMB Williams Cos Inc. | Add +3.0% | 2.14% | +0.09 |
| ORA Ormat Technologies Inc. | New | 0.09% | +0.09 |
| MS Morgan Stanley | Add +3.0% | 0.90% | +0.08 |
| LIND Lindblad Expeditions Holding | New | 0.07% | +0.07 |
| RMD Resmed Inc. | Add +2.9% | 0.78% | +0.07 |
| BEPC Brookfield Renewable Corp. | New | 0.06% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +4.2% | 0.79% | +0.05 |
| LYV Live Nation Entertainment Inc. | Add +2.3% | 0.86% | +0.05 |
| UBER Uber Technologies Inc. | Add +1.6% | 1.32% | +0.05 |
| ETN Eaton Corp. PLC | Add +1.3% | 1.04% | +0.05 |
| GLD SPDR Gold Shares | New | 0.04% | +0.04 |
| PPL PPL Corp. | Add +4.0% | 0.37% | +0.04 |
| CMS CMS Energy Corp. | Add +1.0% | 1.59% | +0.03 |
| VTR Ventas Inc. | Add +3.9% | 0.20% | +0.02 |
| REXR Rexford Industrial Realty Inc. | Add +3.3% | 0.19% | +0.02 |
| ECL Ecolab Inc. | Add +1.7% | 1.43% | +0.01 |
| MCD McDonald's Corp. | Add +5.8% | 0.14% | +0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +0.9% | 0.35% | +0.01 |
| AJG Arthur J Gallagher & Co. | Add +5.1% | 0.70% | +0.01 |
| AGG iShares Core U.S. Aggregate | Add +2.2% | 0.13% | +0.00 |
| BOND PIMCO Active Bond Exchange-T | Add +0.2% | 0.14% | +0.00 |
Options Activity Q2 2025 → Q3 2025
| STATE STR SPDR S&P 500 ETF T | put | New | 6,000 | $4.0M |
| LENNAR CORP | call | New | 10,000 | $1.3M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | Sold out | 74,642 | $5.4Mbefore exit |
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 |