Brasada Capital Management, LP

Name: BRASADA CAPITAL MANAGEMENT, LP 13F holdings, Q3 2025
Creator: BRASADA CAPITAL MANAGEMENT, LP
Published: 2025-11-14

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

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%
FLS Flowserve Corp.	0.14%	15,000	$797K	Reduce -21.1%
AGG iShares Core U.S. Aggregate	0.13%	7,895	$792K	Add +2.2%
CMF iShares California Muni Bond	0.13%	13,582	$774K	Reduce -5.0%
NG Novagold Resources Inc.	0.13%	80,000	$772K	New
BA The Boeing Co.	0.13%	3,537	$769K	No change
GOVT iShares US Treasury Bond ETF	0.13%	33,066	$764K	Add +0.2%
SCHD Schwab US DVD Equity ETF	0.13%	27,552	$753K	No change
MCRI Monarch Casino & Resort Inc.	0.13%	7,000	$739K	No change
FCX Freeport-McMoran Inc.	0.12%	18,500	$726K	New
LPG Dorian LPG Ltd.	0.12%	25,000	$720K	No change
TECB iShares US Tech Breakthrough	0.12%	11,530	$707K	Reduce -1.4%
QQQ Invesco QQQ Trust Series 1	0.12%	1,124	$681K	No change
AMD Advanced Micro Devices	0.12%	4,000	$679K	No change
ARE Alexandria Real Estate Equit	0.12%	8,098	$678K	New
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.11%	13,000	$671K	Reduce -29.7%
CPT Camden Property Trust	0.11%	6,300	$658K	Reduce -89.7%
LFUS Littelfuse Inc.	0.11%	2,500	$648K	New
LEN Lennar Corp. Class A	0.11%	5,000	$630K	New
SKY Champion Homes Inc.	0.10%	8,000	$611K	New
NKE Nike Inc. Class B	0.10%	8,490	$592K	New
AM Antero Midstream Corp.	0.10%	30,000	$577K	No change
BLDR Builders Firstsource Inc.	0.10%	4,750	$576K	New
MDT Medtronic PLC	0.10%	6,000	$571K	New
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.10%	4,360	$561K	No change
OKE Oneok Inc.	0.09%	7,694	$558K	No change
HHH Howard Hughes Holdings Inc.	0.09%	6,000	$506K	No change
ORA Ormat Technologies Inc.	0.09%	5,000	$500K	New
CPK Chesapeake Utilities Corp.	0.08%	3,700	$497K	No change
NCLH Norwegian Cruise Line Holdin	0.08%	20,000	$493K	No change
LIND Lindblad Expeditions Holding	0.07%	35,000	$434K	New
BEPC Brookfield Renewable Corp.	0.06%	10,400	$371K	New
PAGP Plains GP Holdings LP	0.06%	20,000	$364K	No change
JPIB JPMorgan Intl BND ETF	0.06%	7,080	$346K	Add +0.6%
VUSB Vanguard Ultra Short Bond Et	0.06%	6,728	$335K	Add +0.7%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED	0.06%	40,400	$328K	Reduce -28.4%
LAMR Lamar Advertising Co. Class A	0.05%	2,570	$314K	Reduce -3.8%
TSLA Tesla Inc.	0.05%	641	$279K	No change
BR Broadridge Financial Solutio	0.04%	1,130	$264K	No change
EPAM Epam Systems Inc.	0.04%	1,500	$229K	No change
GLD SPDR Gold Shares	0.04%	644	$228K	New
JBLU Jetblue Airways Corp.	0.01%	14,000	$66K	No change

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