Chapman Investment Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Chapman Investment Management, LLC reported 29 stock positions worth $140.6 million. Its top holding was Microsoft (MSFT) at 11.0% of the portfolio, followed by Costco Wholesale (COST, 9.6%) and Mastercard Class A (MA, 8.4%). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 14 and reduced 8. The biggest buy was Meta Platforms Class A (META, shares +2402%) and the biggest sale an exit from GE Healthcare Technology (GEHC).
- Most Recent 13F
- Q2 2026
- Location
- San Anselmo, CA
- CIK
- 0001751006
- Portfolio Value
- $140.6M (Q3 2025)
- SEC Filing
- 0001751006-25-000002 ↗ filed Nov 5, 2025
Holdings Value
Holdings 29 stocks · $140.6M
| MSFT Microsoft Corp. | 11.04% | 29,968 | $15.5M | Add +1.2% |
| COST Costco Wholesale Corp. | 9.61% | 14,601 | $13.5M | Reduce -3.4% |
| MA Mastercard Inc. Class A | 8.41% | 20,784 | $11.8M | Add +0.1% |
| AMZN Amazon.com Inc. | 7.65% | 48,992 | $10.8M | Add +0.4% |
| V Visa Inc. Class A | 7.02% | 28,917 | $9.9M | Add +1.0% |
| MELI MercadoLibre Inc. | 6.93% | 4,169 | $9.7M | No change |
| MKL Markel Group Inc. | 6.50% | 4,777 | $9.1M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 5.15% | 9,859 | $7.2M | Add +2402.3% |
| AXP American Express Co. | 5.07% | 21,438 | $7.1M | No change |
| AAPL Apple Inc. | 4.79% | 26,437 | $6.7M | Reduce -25.0% |
| WM Waste Management Inc. | 4.40% | 28,017 | $6.2M | Add +11.0% |
| CTAS Cintas Corp. | 3.81% | 26,108 | $5.4M | Add +4.1% |
| JPM JPMorgan Chase & Co. | 2.94% | 13,121 | $4.1M | No change |
| SPGI S&P Global Inc. | 2.54% | 7,335 | $3.6M | Add +7.7% |
| ACN Accenture PLC Class A | 2.35% | 13,377 | $3.3M | Add +19.1% |
| UBER Uber Technologies Inc. | 2.32% | 33,286 | $3.3M | Add +1.1% |
| LLY Eli Lilly & Co. | 1.89% | 3,486 | $2.7M | Add +12.8% |
| EXPD Expeditors Intl Wash Inc. | 1.77% | 20,302 | $2.5M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.10% | 13,555 | $1.6M | Reduce -7.3% |
| ISRG Intuitive Surgical Inc. | 0.93% | 2,936 | $1.3M | Add +9.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.93% | 1,962 | $1.3M | Reduce -1.7% |
| ZTS Zoetis Inc. | 0.62% | 5,988 | $876K | Reduce -71.6% |
| ORLY O'reilly Automotive Inc. | 0.61% | 7,920 | $854K | Add +2.5% |
| SBUX Starbucks Corp. | 0.52% | 8,599 | $727K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.39% | 1,090 | $548K | Reduce -16.1% |
| CVX Chevron Corp. | 0.19% | 1,722 | $267K | Reduce -15.3% |
| NSP Insperity Inc. | 0.19% | 5,357 | $264K | New |
| WTM White Mountains Insurance GP | 0.17% | 143 | $239K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.15% | 4,058 | $209K | New |
Portfolio Sells Q2 2025 → Q3 2025
| GEHC GE Healthcare Technology | Sold out | 0.00% | −3.71 |
| ZTS Zoetis Inc. | Reduce -71.6% | 0.62% | −1.67 |
| COST Costco Wholesale Corp. | Reduce -3.4% | 9.61% | −0.83 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.74 |
| AAPL Apple Inc. | Reduce -25.0% | 4.79% | −0.26 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.20 |
| MKL Markel Group Inc. | Reduce -0.1% | 6.50% | −0.17 |
| DIS The Walt Disney Co. | Reduce -7.3% | 1.10% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -16.1% | 0.39% | −0.05 |
| CVX Chevron Corp. | Reduce -15.3% | 0.19% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.93% | +0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| META Meta Platforms Inc. Class A | Add +2402.3% | 5.15% | +4.95 |
| MSFT Microsoft Corp. | Add +1.2% | 11.04% | +0.76 |
| SBUX Starbucks Corp. | New | 0.52% | +0.52 |
| WM Waste Management Inc. | Add +11.0% | 4.40% | +0.37 |
| MA Mastercard Inc. Class A | Add +0.1% | 8.41% | +0.27 |
| LLY Eli Lilly & Co. | Add +12.8% | 1.89% | +0.21 |
| NSP Insperity Inc. | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | Add +0.4% | 7.65% | +0.18 |
| UBER Uber Technologies Inc. | Add +1.1% | 2.32% | +0.18 |
| EXPD Expeditors Intl Wash Inc. | Add +0.1% | 1.77% | +0.15 |
| BAC Bank of America Corp. | New | 0.15% | +0.15 |
| ORLY O'reilly Automotive Inc. | Add +2.5% | 0.61% | +0.12 |
| SPGI S&P Global Inc. | Add +7.7% | 2.54% | +0.03 |
| ACN Accenture PLC Class A | Add +19.1% | 2.35% | +0.00 |
| V Visa Inc. Class A | Add +1.0% | 7.02% | −0.07 |
| ISRG Intuitive Surgical Inc. | Add +9.7% | 0.93% | −0.08 |
| CTAS Cintas Corp. | Add +4.1% | 3.81% | −0.09 |
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 |