Chapman Investment Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Chapman Investment Management, LLC reported 29 stock positions worth $143.3 million. Its top holding was Costco Wholesale (COST) at 10.4% of the portfolio, followed by Microsoft (MSFT, 10.3%) and Mastercard Class A (MA, 8.1%). Compared with Q1 2025, it opened 1 new position, added to 10 and reduced 16. The biggest buy was Uber Technologies (UBER, shares +0%) and the biggest sale Apple (AAPL, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- San Anselmo, CA
- CIK
- 0001751006
- Portfolio Value
- $143.3M (Q2 2025)
- SEC Filing
- 0001085146-25-004537 ↗ filed Aug 5, 2025
Holdings Value
Holdings 29 stocks · $143.3M
| COST Costco Wholesale Corp. | 10.44% | 15,111 | $15.0M | Add +0.3% |
| MSFT Microsoft Corp. | 10.28% | 29,615 | $14.7M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 8.14% | 20,766 | $11.7M | Reduce -0.1% |
| MELI MercadoLibre Inc. | 7.61% | 4,169 | $10.9M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 7.47% | 48,787 | $10.7M | Reduce -0.3% |
| V Visa Inc. Class A | 7.10% | 28,635 | $10.2M | Reduce -0.1% |
| MKL Markel Group Inc. | 6.67% | 4,782 | $9.6M | Reduce -0.6% |
| AAPL Apple Inc. | 5.05% | 35,260 | $7.2M | Reduce -10.3% |
| AXP American Express Co. | 4.77% | 21,438 | $6.8M | Reduce -0.1% |
| WM Waste Management Inc. | 4.03% | 25,249 | $5.8M | Add +2.9% |
| CTAS Cintas Corp. | 3.90% | 25,077 | $5.6M | Add +0.7% |
| GEHC GE Healthcare Technology | 3.71% | 71,677 | $5.3M | Reduce -12.8% |
| JPM JPMorgan Chase & Co. | 2.65% | 13,121 | $3.8M | No change |
| SPGI S&P Global Inc. | 2.51% | 6,813 | $3.6M | Add +1.9% |
| ACN Accenture PLC Class A | 2.34% | 11,230 | $3.4M | Reduce -0.4% |
| ZTS Zoetis Inc. | 2.29% | 21,053 | $3.3M | Reduce -0.5% |
| UBER Uber Technologies Inc. | 2.14% | 32,926 | $3.1M | Add +0.3% |
| LLY Eli Lilly & Co. | 1.68% | 3,089 | $2.4M | Add +1.6% |
| EXPD Expeditors Intl Wash Inc. | 1.62% | 20,273 | $2.3M | Add +1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.27% | 14,621 | $1.8M | Reduce -2.3% |
| ISRG Intuitive Surgical Inc. | 1.01% | 2,676 | $1.5M | Add +6.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.86% | 1,996 | $1.2M | Reduce -1.2% |
| CMG Chipotle Mexican Grill Inc. | 0.74% | 18,935 | $1.1M | Add +1.6% |
| ORLY O'reilly Automotive Inc. | 0.49% | 7,725 | $696K | Add +1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 1,300 | $632K | Reduce -44.5% |
| CVX Chevron Corp. | 0.20% | 2,033 | $291K | Reduce -10.0% |
| META Meta Platforms Inc. Class A | 0.20% | 394 | $291K | New |
| XOM Exxon Mobil Corp. | 0.20% | 2,695 | $291K | Reduce -20.8% |
| WTM White Mountains Insurance GP | 0.18% | 143 | $257K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -10.3% | 5.05% | −1.47 |
| GEHC GE Healthcare Technology | Reduce -12.8% | 3.71% | −1.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -44.5% | 0.44% | −0.49 |
| V Visa Inc. Class A | Reduce -0.1% | 7.10% | −0.41 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 8.14% | −0.36 |
| ZTS Zoetis Inc. | Reduce -0.5% | 2.29% | −0.31 |
| ACN Accenture PLC Class A | Reduce -0.4% | 2.34% | −0.28 |
| XOM Exxon Mobil Corp. | Reduce -20.8% | 0.20% | −0.10 |
| CVX Chevron Corp. | Reduce -10.0% | 0.20% | −0.08 |
| MKL Markel Group Inc. | Reduce -0.6% | 6.67% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.2% | 0.86% | +0.02 |
| DIS The Walt Disney Co. | Reduce -2.3% | 1.27% | +0.16 |
| AXP American Express Co. | Reduce -0.1% | 4.77% | +0.46 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 7.47% | +0.52 |
| MELI MercadoLibre Inc. | Reduce -0.3% | 7.61% | +1.52 |
| MSFT Microsoft Corp. | Reduce -0.1% | 10.28% | +1.97 |
Portfolio Buys Q1 2025 → Q2 2025
| UBER Uber Technologies Inc. | Add +0.3% | 2.14% | +0.36 |
| META Meta Platforms Inc. Class A | New | 0.20% | +0.20 |
| ISRG Intuitive Surgical Inc. | Add +6.5% | 1.01% | +0.09 |
| CTAS Cintas Corp. | Add +0.7% | 3.90% | +0.08 |
| CMG Chipotle Mexican Grill Inc. | Add +1.6% | 0.74% | +0.04 |
| SPGI S&P Global Inc. | Add +1.9% | 2.51% | −0.03 |
| ORLY O'reilly Automotive Inc. | Add +1.6% | 0.49% | −0.06 |
| EXPD Expeditors Intl Wash Inc. | Add +1.4% | 1.62% | −0.18 |
| COST Costco Wholesale Corp. | Add +0.3% | 10.44% | −0.19 |
| LLY Eli Lilly & Co. | Add +1.6% | 1.68% | −0.19 |
| WM Waste Management Inc. | Add +2.9% | 4.03% | −0.21 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 26 | $121.2M | COST, MSFT, MA, AMZN, MKL |
| Q4 2025 | 27 | $136.7M | MSFT, COST, MA, AMZN, MKL |
| Q3 2025 | 29 | $140.6M | MSFT, COST, MA, AMZN, V |
| Q2 2025 | 29 | $143.3M | COST, MSFT, MA, MELI, AMZN |
| Q1 2025 | 28 | $133.9M | COST, MA, MSFT, V, AMZN |
| Q4 2024 | 29 | $134.4M | COST, MSFT, MA, AMZN, AAPL |
| Q3 2024 | 31 | $136.9M | COST, MSFT, MA, AAPL, AMZN |
| Q2 2024 | 32 | $131.5M | MSFT, COST, MA, AMZN, AAPL |
| Q1 2024 | 32 | $135.7M | MSFT, COST, MA, AMZN, V |