Castellan Group
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Castellan Group reported 65 stock positions worth $357.6 million. Its top holding was Halozyme Therapeutics (HALO) at 4.5% of the portfolio, followed by Microsoft (MSFT, 4.0%) and Fortinet (FTNT, 3.7%). Compared with Q4 2024, it opened 19 new positions, sold out of 15, added to 32 and reduced 11. The biggest buy was a new position in Interdigital (IDCC) and the biggest sale an exit from TG Therapeutics (TGTX).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001832521
- Portfolio Value
- $357.6M (Q1 2025)
- SEC Filing
- 0001832521-25-000004 ↗ filed May 8, 2025
Holdings Value
Holdings 65 stocks · $357.6M
| HALO Halozyme Therapeutics Inc. | 4.54% | 254,477 | $16.2M | Add +118.5% |
| MSFT Microsoft Corp. | 4.05% | 38,567 | $14.5M | Add +89.4% |
| FTNT Fortinet Inc. | 3.74% | 138,768 | $13.4M | Add +59.1% |
| IDCC Interdigital Inc. | 3.52% | 60,808 | $12.6M | New |
| TSCO Tractor Supply Company | 3.50% | 227,261 | $12.5M | New |
| MCK McKesson Corp. | 3.47% | 18,438 | $12.4M | Add +80.0% |
| YOU Clear Secure Inc. Class A | 3.45% | 476,333 | $12.3M | New |
| LNG Cheniere Energy Inc. | 3.45% | 53,298 | $12.3M | Add +74.5% |
| BKNG Booking Holdings Inc. | 3.32% | 2,578 | $11.9M | Add +75.8% |
| BLBD Blue Bird Corp. | 2.98% | 328,802 | $10.6M | Add +63.9% |
| THC Tenet Healthcare Corp. | 2.94% | 78,223 | $10.5M | Add +97.6% |
| TPR Tapestry Inc. | 2.86% | 145,381 | $10.2M | New |
| LNWO Light & Wonder Inc. | 2.85% | 117,584 | $10.2M | New |
| APP AppLovin Corp. Class A | 2.82% | 38,037 | $10.1M | Add +31.3% |
| SYF Synchrony Financial | 2.81% | 189,929 | $10.1M | New |
| NCLH Norwegian Cruise Line Holdin | 2.72% | 512,385 | $9.7M | Add +61.9% |
| NVDA Nvidia Corp. | 2.67% | 88,250 | $9.6M | Add +78.5% |
| GAP The Gap Inc. | 2.58% | 447,951 | $9.2M | Add +64.4% |
| MOD Modine Manufacturing Co. | 1.96% | 91,214 | $7.0M | Add +74.6% |
| GLTR Abrdn Precious Metals Basket | 1.73% | 47,737 | $6.2M | Reduce -3.0% |
| BR Broadridge Financial Solutio | 1.64% | 24,170 | $5.9M | Add +114.7% |
| XLE SS Energy Select Sector | 1.64% | 62,705 | $5.9M | Add +5.3% |
| TRV The Travelers Cos Inc. | 1.60% | 21,651 | $5.7M | New |
| PG The Procter & Gamble Co. | 1.55% | 32,482 | $5.5M | Add +114.6% |
| SNA Snap-on Inc. | 1.54% | 16,378 | $5.5M | Add +111.0% |
| AMP Ameriprise Financial Inc. | 1.49% | 10,970 | $5.3M | Add +103.6% |
| HON Honeywell International Inc. | 1.47% | 24,889 | $5.3M | Add +158.9% |
| ELV Elevance Health Inc. | 1.38% | 11,362 | $4.9M | Add +98.6% |
| PH Parker Hannifin Corp. | 1.37% | 8,037 | $4.9M | Add +111.3% |
| ADI Analog Devices Inc. | 1.36% | 24,135 | $4.9M | Add +120.4% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.35% | 4,883 | $4.8M | Add +130.1% |
| ORCL Oracle Corp. | 1.27% | 32,604 | $4.6M | Add +129.1% |
| ETN Eaton Corp. PLC | 1.25% | 16,474 | $4.5M | Add +115.7% |
| ACN Accenture PLC Class A | 1.23% | 14,135 | $4.4M | Add +115.6% |
| AVGO Broadcom Inc. | 1.17% | 25,018 | $4.2M | Add +95.7% |
| CWEN Clearway Energy Inc. Class C | 1.00% | 118,401 | $3.6M | Add +0.8% |
| WEC WEC Energy Group Inc. | 0.93% | 30,527 | $3.3M | Reduce -20.6% |
| ATO Atmos Energy Corp. | 0.93% | 21,406 | $3.3M | New |
| POR Portland General Electric Co. | 0.91% | 72,933 | $3.3M | New |
| ES Eversource Energy | 0.91% | 52,330 | $3.3M | Reduce -15.7% |
| CTRE Caretrust REIT Inc. | 0.88% | 109,954 | $3.1M | Reduce -12.5% |
| EGP Eastgroup Properties Inc. | 0.87% | 17,730 | $3.1M | Reduce -21.4% |
| NEE Nextera Energy Inc. | 0.86% | 43,596 | $3.1M | New |
| MPLX MPLX LP | 0.86% | 57,653 | $3.1M | New |
| CVX Chevron Corp. | 0.86% | 18,440 | $3.1M | Add +2.8% |
| HESM Hess Midstream LP Class A | 0.86% | 72,813 | $3.1M | Reduce -25.8% |
| GTY Getty Realty Corp. | 0.86% | 98,341 | $3.1M | New |
| XOM Exxon Mobil Corp. | 0.86% | 25,730 | $3.1M | Add +12.9% |
| DKL Delek Logistics Partners LP | 0.85% | 70,286 | $3.0M | Reduce -14.4% |
| EXR Extra Space Storage Inc. | 0.81% | 19,583 | $2.9M | Reduce -7.6% |
| SRE Sempra | 0.74% | 37,265 | $2.7M | New |
| RIO Rio Tinto PLC-Spon ADR | 0.36% | 21,713 | $1.3M | Add +12.6% |
| BHP BHP Group Ltd.-Spon ADR | 0.36% | 26,635 | $1.3M | Add +18.3% |
| ABT Abbott Laboratories | 0.20% | 5,474 | $726K | New |
| GOOGL Alphabet Inc. Class A | 0.20% | 4,600 | $711K | Reduce -7.8% |
| ADP Automatic Data Processing | 0.20% | 2,322 | $709K | New |
| RPM RPM International Inc. | 0.19% | 6,015 | $696K | New |
| ITW Illinois Tool Works | 0.19% | 2,771 | $687K | New |
| CAT Caterpillar Inc. | 0.19% | 2,052 | $677K | New |
| HUBB Hubbell Inc. | 0.19% | 2,022 | $669K | New |
| PDEC Innovator U.S. Equity Power | 0.19% | 17,661 | $664K | No change |
| PGR Progressive Corp. | 0.16% | 2,000 | $566K | No change |
| BMAR Innovator U.S. Equity Buffer | 0.11% | 8,728 | $397K | Reduce -11.0% |
| AAPL Apple Inc. | 0.10% | 1,642 | $365K | Reduce -72.5% |
| BAPR Innovator U.S. Equity Buffer | 0.09% | 7,160 | $304K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| TGTX TG Therapeutics Inc. | Sold out | 0.00% | −3.70 |
| VSXY Victoria's Secret & Co. | Sold out | 0.00% | −3.16 |
| CNK Cinemark Holdings Inc. | Sold out | 0.00% | −2.92 |
| FTDR Frontdoor Inc. | Sold out | 0.00% | −2.90 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −2.59 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −2.24 |
| KBH KB Home | Sold out | 0.00% | −2.23 |
| UDR Udr Inc. | Sold out | 0.00% | −1.50 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −1.01 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.94 |
| HESM Hess Midstream LP Class A | Reduce -25.8% | 0.86% | −0.71 |
| EGP Eastgroup Properties Inc. | Reduce -21.4% | 0.87% | −0.70 |
| DKL Delek Logistics Partners LP | Reduce -14.4% | 0.85% | −0.65 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.65 |
| WEC WEC Energy Group Inc. | Reduce -20.6% | 0.93% | −0.64 |
| ES Eversource Energy | Reduce -15.7% | 0.91% | −0.63 |
| GLTR Abrdn Precious Metals Basket | Reduce -3.0% | 1.73% | −0.61 |
| CTRE Caretrust REIT Inc. | Reduce -12.5% | 0.88% | −0.59 |
| EXR Extra Space Storage Inc. | Reduce -7.6% | 0.81% | −0.56 |
| AAPL Apple Inc. | Reduce -72.5% | 0.10% | −0.55 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.46 |
| LRN Stride Inc. | Sold out | 0.00% | −0.40 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -7.8% | 0.20% | −0.21 |
| BMAR Innovator U.S. Equity Buffer | Reduce -11.0% | 0.11% | −0.08 |
| FIP Ftai Infrastructure Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| IDCC Interdigital Inc. | New | 3.52% | +3.52 |
| TSCO Tractor Supply Company | New | 3.50% | +3.50 |
| YOU Clear Secure Inc. Class A | New | 3.45% | +3.45 |
| TPR Tapestry Inc. | New | 2.86% | +2.86 |
| LNWO Light & Wonder Inc. | New | 2.85% | +2.85 |
| SYF Synchrony Financial | New | 2.81% | +2.81 |
| HALO Halozyme Therapeutics Inc. | Add +118.5% | 4.54% | +2.13 |
| TRV The Travelers Cos Inc. | New | 1.60% | +1.60 |
| MCK McKesson Corp. | Add +80.0% | 3.47% | +0.94 |
| ATO Atmos Energy Corp. | New | 0.93% | +0.93 |
| POR Portland General Electric Co. | New | 0.91% | +0.91 |
| NEE Nextera Energy Inc. | New | 0.86% | +0.86 |
| MPLX MPLX LP | New | 0.86% | +0.86 |
| GTY Getty Realty Corp. | New | 0.86% | +0.86 |
| THC Tenet Healthcare Corp. | Add +97.6% | 2.94% | +0.78 |
| SRE Sempra | New | 0.74% | +0.74 |
| LNG Cheniere Energy Inc. | Add +74.5% | 3.45% | +0.61 |
| BR Broadridge Financial Solutio | Add +114.7% | 1.64% | +0.54 |
| HON Honeywell International Inc. | Add +158.9% | 1.47% | +0.53 |
| ELV Elevance Health Inc. | Add +98.6% | 1.38% | +0.47 |
| PG The Procter & Gamble Co. | Add +114.6% | 1.55% | +0.45 |
| SNA Snap-on Inc. | Add +111.0% | 1.54% | +0.40 |
| GWW WW Grainger Inc. | Add +130.1% | 1.35% | +0.38 |
| ADI Analog Devices Inc. | Add +120.4% | 1.36% | +0.35 |
| MSFT Microsoft Corp. | Add +89.4% | 4.05% | +0.33 |
| PH Parker Hannifin Corp. | Add +111.3% | 1.37% | +0.32 |
| ORCL Oracle Corp. | Add +129.1% | 1.27% | +0.25 |
| AMP Ameriprise Financial Inc. | Add +103.6% | 1.49% | +0.24 |
| ACN Accenture PLC Class A | Add +115.6% | 1.23% | +0.23 |
| ABT Abbott Laboratories | New | 0.20% | +0.20 |
| ADP Automatic Data Processing | New | 0.20% | +0.20 |
| RPM RPM International Inc. | New | 0.19% | +0.19 |
| ITW Illinois Tool Works | New | 0.19% | +0.19 |
| CAT Caterpillar Inc. | New | 0.19% | +0.19 |
| HUBB Hubbell Inc. | New | 0.19% | +0.19 |
| FTNT Fortinet Inc. | Add +59.1% | 3.74% | +0.17 |
| BKNG Booking Holdings Inc. | Add +75.8% | 3.32% | +0.17 |
| ETN Eaton Corp. PLC | Add +115.7% | 1.25% | +0.15 |
| AVGO Broadcom Inc. | Add +95.7% | 1.17% | −0.11 |
| BHP BHP Group Ltd.-Spon ADR | Add +18.3% | 0.36% | −0.11 |
| RIO Rio Tinto PLC-Spon ADR | Add +12.6% | 0.36% | −0.13 |
| NVDA Nvidia Corp. | Add +78.5% | 2.67% | −0.20 |
| XOM Exxon Mobil Corp. | Add +12.9% | 0.86% | −0.21 |
| GAP The Gap Inc. | Add +64.4% | 2.58% | −0.21 |
| CVX Chevron Corp. | Add +2.8% | 0.86% | −0.26 |
| CWEN Clearway Energy Inc. Class C | Add +0.8% | 1.00% | −0.32 |
| BLBD Blue Bird Corp. | Add +63.9% | 2.98% | −0.38 |
| XLE SS Energy Select Sector | Add +5.3% | 1.64% | −0.57 |
| MOD Modine Manufacturing Co. | Add +74.6% | 1.96% | −0.67 |
| NCLH Norwegian Cruise Line Holdin | Add +61.9% | 2.72% | −0.81 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $910.0M | CTEF, CTIF, BOXX, CTRE, LXP |
| Q1 2026 | 34 | $722.6M | CTEF, CTIF, BOXX, CWEN, NEE |
| Q4 2025 | 57 | $792.7M | CTEF, CTIF, GOOG, BOXX, MSFT |
| Q3 2025 | 35 | $688.0M | CTEF, CTIF, GLTR, XLE, ES |
| Q2 2025Amended | 31 | $542.8M | CTEF, CTIF, XLE, GLTR, BOXX |
| Q1 2025 | 65 | $357.6M | HALO, MSFT, FTNT, IDCC, TSCO |
| Q4 2024 | 61 | $230.8M | APP, MSFT, TGTX, FTNT, NCLH |
| Q3 2024 | 59 | $237.2M | NRG, MSFT, APP, MOD, URI |
| Q2 2024 | 59 | $210.1M | MSFT, FTAI, MOD, MEDP, KLAC |
| Q1 2024 | 59 | $195.3M | MSFT, MOD, FTAI, URI, MEDP |