Chesapeake Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed October 15, 2025), Chesapeake Asset Management LLC reported 293 stock positions worth $110.0 million. Its top holding was Microsoft (MSFT) at 10.4% of the portfolio, followed by Eli Lilly (LLY, 6.3%) and Spotify Technology (SPOT, 5.7%). Compared with Q1 2025, it opened 6 new positions, sold out of 230, added to 47 and reduced 135. The biggest buy was Spotify Technology (SPOT, shares +2%) and the biggest sale an exit from Masco (MAS).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001079397
- Portfolio Value
- $110.0M (Q2 2025)
- SEC Filing
- 0001079397-25-000002 ↗ filed Oct 15, 2025
Holdings Value
Holdings 293 stocks · $110.0M
| MSFT Microsoft Corp. | 10.38% | 22,943 | $11.4M | Reduce -1.3% |
| LLY Eli Lilly & Co. | 6.31% | 8,899 | $6.9M | Reduce -0.4% |
| SPOT Spotify Technology SA | 5.70% | 8,175 | $6.3M | Add +2.1% |
| AAPL Apple Inc. | 5.45% | 29,203 | $6.0M | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 5.02% | 19,053 | $5.5M | Reduce -0.7% |
| R Ryder System Inc. | 2.80% | 19,350 | $3.1M | Reduce -0.2% |
| AFL Aflac Inc. | 2.72% | 28,357 | $3.0M | No change |
| GGAL Grupo Financiero Galicia-ADR | 2.67% | 58,324 | $2.9M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.44% | 9,087 | $2.7M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.20% | 3,904 | $2.4M | Reduce -8.0% |
| AVGO Broadcom Inc. | 2.03% | 8,085 | $2.2M | Reduce -8.1% |
| MRK Merck & Co. Inc. | 1.81% | 25,194 | $2.0M | Reduce -1.2% |
| CHD Church & Dwight Co. Inc. | 1.69% | 19,341 | $1.9M | No change |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 1.52% | 101,850 | $1.7M | No change |
| J Jacobs Solutions Inc. | 1.46% | 12,173 | $1.6M | Add +0.1% |
| GLD SPDR Gold Shares | 1.39% | 5,028 | $1.5M | No change |
| AMZN Amazon.com Inc. | 1.31% | 6,557 | $1.4M | Add +26.0% |
| BMA Banco Macro SA-ADR | 1.24% | 19,356 | $1.4M | Add +2.0% |
| RTX RTX Corp. | 1.23% | 9,270 | $1.4M | Reduce -1.7% |
| GWRE Guidewire Software Inc. | 1.23% | 5,728 | $1.3M | No change |
| CRWV Coreweave Inc. Class A | 1.17% | 7,886 | $1.3M | Add +3404.9% |
| ABBV Abbvie Inc. | 1.13% | 6,665 | $1.2M | No change |
| SPG Simon Property Group Inc. | 1.05% | 7,200 | $1.2M | Reduce -0.1% |
| UL Unilever PLC | 1.04% | 18,742 | $1.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.92% | 1,835 | $1.0M | Reduce -7.3% |
| WMB Williams Cos Inc. | 0.92% | 16,085 | $1.0M | Reduce -3.0% |
| PEP Pepsico Inc. | 0.87% | 7,217 | $953K | Reduce -20.2% |
| BA The Boeing Co. | 0.83% | 4,338 | $909K | Add +7787.3% |
| META Meta Platforms Inc. Class A | 0.81% | 1,205 | $890K | Reduce -9.2% |
| PG The Procter & Gamble Co. | 0.79% | 5,485 | $874K | Reduce -1.9% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.77% | 26,880 | $845K | No change |
| PRMB Primo Brands Corp. | 0.76% | 28,069 | $831K | Add +10.2% |
| MCD McDonald's Corp. | 0.72% | 2,708 | $791K | Reduce -1.1% |
| CVX Chevron Corp. | 0.71% | 5,430 | $778K | Reduce -2.0% |
| PAM Pampa Energia SA-Spon ADR | 0.71% | 11,202 | $777K | No change |
| MDLZ Mondelez International Inc. Class A | 0.69% | 11,302 | $762K | Reduce -9.7% |
| JNJ Johnson & Johnson | 0.68% | 4,922 | $752K | Reduce -0.5% |
| ETN Eaton Corp. PLC | 0.68% | 2,097 | $749K | Reduce -3.1% |
| TRV The Travelers Cos Inc. | 0.68% | 2,775 | $742K | Reduce -4.2% |
| NEE Nextera Energy Inc. | 0.65% | 10,308 | $716K | Reduce -3.7% |
| LMT Lockheed Martin Corp. | 0.64% | 1,520 | $704K | Reduce -2.6% |
| XOM Exxon Mobil Corp. | 0.60% | 6,078 | $655K | Add +22.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.59% | 10,672 | $650K | Reduce -12.7% |
| MRSH Marsh & McLennan Cos | 0.55% | 2,745 | $600K | Reduce -4.6% |
| GLW Corning Inc. | 0.54% | 11,344 | $597K | Reduce -2.7% |
| ADP Automatic Data Processing | 0.53% | 1,887 | $582K | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 0.53% | 3,276 | $577K | Reduce -3.4% |
| HD Home Depot Inc. | 0.50% | 1,500 | $550K | Reduce -11.2% |
| PNC PNC Financial Services Group | 0.49% | 2,868 | $535K | Reduce -16.2% |
| TXN Texas Instruments Inc. | 0.47% | 2,502 | $519K | Reduce -14.3% |
| IWM iShares Russell 2000 ETF | 0.47% | 2,385 | $515K | Reduce -13.2% |
| NVDA Nvidia Corp. | 0.46% | 3,218 | $508K | Add +10.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.43% | 1,555 | $473K | Add +335.6% |
| PAYX Paychex Inc. | 0.39% | 2,933 | $427K | Reduce -2.1% |
| APD Air Products & Chemicals Inc. | 0.39% | 1,512 | $426K | Reduce -1.8% |
| KMI Kinder Morgan Inc. | 0.37% | 13,734 | $404K | Reduce -2.3% |
| AMD Advanced Micro Devices | 0.36% | 2,821 | $400K | Add +77.8% |
| CME Cme Group Inc. | 0.36% | 1,430 | $394K | Reduce -1.6% |
| SRE Sempra | 0.33% | 4,854 | $368K | Reduce -22.8% |
| SONY Sony Group Corp. - SP ADR | 0.32% | 13,670 | $356K | Reduce -65.3% |
| PPL PPL Corp. | 0.32% | 10,229 | $347K | Reduce -4.0% |
| GEV GE Vernova Inc. | 0.31% | 641 | $339K | Add +510.5% |
| ORCL Oracle Corp. | 0.31% | 1,546 | $338K | Reduce -7.3% |
| CRESY Cresud S.A.-Spons ADR | 0.29% | 29,615 | $319K | No change |
| O Realty Income Corp. | 0.27% | 5,192 | $299K | Reduce -28.1% |
| UNH Unitedhealth Group Inc. | 0.27% | 952 | $297K | Add +4227.3% |
| CSCO Cisco Systems Inc. | 0.27% | 4,267 | $296K | Add +44.8% |
| KDP Keurig Dr Pepper Inc. | 0.27% | 8,813 | $291K | Reduce -4.7% |
| KWEB Kranesh Csi China Internet | 0.26% | 8,310 | $285K | Add +21.1% |
| VZ Verizon Communications Inc. | 0.26% | 6,592 | $285K | Add +6.7% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.26% | 25,806 | $283K | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.25% | 8,419 | $274K | Add +2.2% |
| HIG Hartford Insurance Group Inc. | 0.25% | 2,138 | $271K | Add +25.5% |
| IBIT iShares Bitcoin Trust ETF | 0.25% | 4,418 | $270K | Reduce -50.7% |
| ITW Illinois Tool Works | 0.24% | 1,086 | $269K | Reduce -4.5% |
| WEC WEC Energy Group Inc. | 0.24% | 2,571 | $268K | Reduce -4.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.24% | 3,583 | $260K | No change |
| GD General Dynamics Corp. | 0.23% | 856 | $250K | Reduce -3.2% |
| PWR Quanta Services Inc. | 0.23% | 658 | $249K | Add +3770.6% |
| SGOV iShares 0-3 Month Treasury B | 0.22% | 2,390 | $241K | Add +31.3% |
| HOOD Robinhood Markets Inc. Class A | 0.22% | 2,540 | $238K | Reduce -8.9% |
| TEL Te Connectivity PLC | 0.22% | 1,402 | $236K | Add +27940.0% |
| SCHP Schwab U.S. Tips ETF | 0.21% | 8,737 | $233K | Reduce -33.7% |
| T AT&T Inc. | 0.20% | 7,754 | $224K | Reduce -54.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.20% | 2,710 | $221K | Reduce -36.1% |
| DELL Dell Technologies -C | 0.19% | 1,722 | $211K | Reduce -50.5% |
| NASPERS | 0.19% | 665 | $206K | New |
| OKE Oneok Inc. | 0.19% | 2,494 | $204K | Add +0.7% |
| ACN Accenture PLC Class A | 0.18% | 655 | $196K | Add +16275.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 379 | $193K | Add +6.8% |
| VST Vistra Corp. | 0.17% | 974 | $189K | Add +19380.0% |
| BABA Alibaba Group Holding-SP ADR | 0.17% | 85 | $186K | Reduce -95.0% |
| PM Philip Morris International | 0.16% | 983 | $179K | Reduce -1.5% |
| FAST Fastenal Co. | 0.16% | 4,098 | $172K | Reduce -5.5% |
| PFE Pfizer Inc. | 0.16% | 7,072 | $171K | Add +7.4% |
| PLD Prologis Inc. | 0.15% | 1,562 | $164K | Reduce -6.0% |
| UNP Union Pacific Corp. | 0.14% | 692 | $159K | Add +19.9% |
| QQQM Invesco Nasdaq 100 ETF | 0.13% | 646 | $147K | Reduce -9.9% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 1,054 | $142K | Reduce -68.5% |
| AVB Avalonbay Communities Inc. | 0.13% | 693 | $141K | Add +69200.0% |
Options reported separately and not counted above: ELI LILLY & CO puts ($506K), APPLE INC puts ($469K), ELI LILLY & CO calls ($148K), MERCK & CO INC puts ($11K), UNITED PARCEL SVCS INC puts ($8K), APPLE INC calls ($4K), ROBINHOOD MKTS INC puts ($3K), ONEOK INC NEW puts ($3K), EXXON MOBIL CORP puts ($2K), NVIDIA CORPORATION puts ($2K), UNITEDHEALTH GROUP INC puts ($2K), STARBUCKS CORP puts ($2K), and 16 more.
Portfolio Sells Q1 2025 → Q2 2025
| MAS Masco Corp. | Sold out | 0.00% | −1.34 |
| AAPL Apple Inc. | Reduce -1.3% | 5.45% | −0.80 |
| LLY Eli Lilly & Co. | Reduce -0.4% | 6.31% | −0.71 |
| SONY Sony Group Corp. - SP ADR | Reduce -65.3% | 0.32% | −0.63 |
| BKR Baker Hughes Co. | Reduce -74.8% | 0.12% | −0.45 |
| PRSU Pursuit Attractions and Hosp | Reduce -77.0% | 0.10% | −0.44 |
| PEP Pepsico Inc. | Reduce -20.2% | 0.87% | −0.42 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 1.81% | −0.36 |
| PSX Phillips 66 | Reduce -69.7% | 0.11% | −0.29 |
| ITOT iShares Core S&P Total U.S. | Reduce -68.5% | 0.13% | −0.26 |
| T AT&T Inc. | Reduce -54.5% | 0.20% | −0.25 |
| DAL Delta Air Lines Inc. | Reduce -97.6% | 0.01% | −0.19 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.18 |
| CVX Chevron Corp. | Reduce -2.0% | 0.71% | −0.17 |
| HPQ HP Inc. | Reduce -70.2% | 0.06% | −0.17 |
| QCOM Qualcomm Inc. | Reduce -62.2% | 0.09% | −0.16 |
| IBIT iShares Bitcoin Trust ETF | Reduce -50.7% | 0.25% | −0.15 |
| O Realty Income Corp. | Reduce -28.1% | 0.27% | −0.13 |
| SCHP Schwab U.S. Tips ETF | Reduce -33.7% | 0.21% | −0.13 |
| MRSH Marsh & McLennan Cos | Reduce -4.6% | 0.55% | −0.12 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -36.1% | 0.20% | −0.12 |
| MDLZ Mondelez International Inc. Class A | Reduce -9.7% | 0.69% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -1.9% | 0.79% | −0.11 |
| DELL Dell Technologies -C | Reduce -50.5% | 0.19% | −0.11 |
| JNJ Johnson & Johnson | Reduce -0.5% | 0.68% | −0.10 |
| MCD McDonald's Corp. | Reduce -1.1% | 0.72% | −0.09 |
| SRE Sempra | Reduce -22.8% | 0.33% | −0.09 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -58.5% | 0.06% | −0.09 |
| HD Home Depot Inc. | Reduce -11.2% | 0.50% | −0.09 |
| PNC PNC Financial Services Group | Reduce -16.2% | 0.49% | −0.09 |
| SPG Simon Property Group Inc. | Reduce -0.1% | 1.05% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -3.7% | 0.65% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.0% | 2.20% | −0.06 |
| TRV The Travelers Cos Inc. | Reduce -4.2% | 0.68% | −0.05 |
| IWM iShares Russell 2000 ETF | Reduce -13.2% | 0.47% | −0.05 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -12.7% | 0.59% | −0.05 |
| PAYX Paychex Inc. | Reduce -2.1% | 0.39% | −0.05 |
| PPL PPL Corp. | Reduce -4.0% | 0.32% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -1.8% | 0.39% | −0.04 |
| BABA Alibaba Group Holding-SP ADR | Reduce -95.0% | 0.17% | −0.04 |
| KDP Keurig Dr Pepper Inc. | Reduce -4.7% | 0.27% | −0.04 |
| WEC WEC Energy Group Inc. | Reduce -4.2% | 0.24% | −0.03 |
| ADP Automatic Data Processing | Reduce -1.6% | 0.53% | −0.03 |
| PLD Prologis Inc. | Reduce -6.0% | 0.15% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -14.3% | 0.47% | −0.03 |
| SHEL Shell PLC-ADR | Reduce -17.3% | 0.08% | −0.03 |
| IGV iShares Expanded Tech-Softwa | Sold out | 0.00% | −0.02 |
| ITW Illinois Tool Works | Reduce -4.5% | 0.24% | −0.02 |
| WMB Williams Cos Inc. | Reduce -3.0% | 0.92% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -2.6% | 0.64% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| SPOT Spotify Technology SA | Add +2.1% | 5.70% | +1.52 |
| CRWV Coreweave Inc. Class A | Add +3404.9% | 1.17% | +1.16 |
| BA The Boeing Co. | Add +7787.3% | 0.83% | +0.82 |
| AMZN Amazon.com Inc. | Add +26.0% | 1.31% | +0.37 |
| VTI VG Morningstar TS MKT ETF-US | Add +335.6% | 0.43% | +0.34 |
| GEV GE Vernova Inc. | Add +510.5% | 0.31% | +0.28 |
| UNH Unitedhealth Group Inc. | Add +4227.3% | 0.27% | +0.26 |
| PWR Quanta Services Inc. | Add +3770.6% | 0.23% | +0.22 |
| TEL Te Connectivity PLC | Add +27940.0% | 0.22% | +0.21 |
| AMD Advanced Micro Devices | Add +77.8% | 0.36% | +0.21 |
| NASPERS | New | 0.19% | +0.19 |
| ACN Accenture PLC Class A | Add +16275.0% | 0.18% | +0.18 |
| VST Vistra Corp. | Add +19380.0% | 0.17% | +0.17 |
| NVDA Nvidia Corp. | Add +10.3% | 0.46% | +0.16 |
| AVB Avalonbay Communities Inc. | Add +69200.0% | 0.13% | +0.13 |
| SMNEY Siemens Energy AG-Unsp ADR | New | 0.13% | +0.13 |
| IESC Ies Holdings Inc. | New | 0.12% | +0.12 |
| ING ING Groep N.V.-Sponsored ADR | New | 0.11% | +0.11 |
| CSCO Cisco Systems Inc. | Add +44.8% | 0.27% | +0.10 |
| J Jacobs Solutions Inc. | Add +0.1% | 1.46% | +0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +6.8% | 0.18% | +0.06 |
| HIG Hartford Insurance Group Inc. | Add +25.5% | 0.25% | +0.05 |
| SGOV iShares 0-3 Month Treasury B | Add +31.3% | 0.22% | +0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +420.1% | 0.04% | +0.03 |
| XOM Exxon Mobil Corp. | Add +22.3% | 0.60% | +0.03 |
| KWEB Kranesh Csi China Internet | Add +21.1% | 0.26% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +54.3% | 0.08% | +0.03 |
| VPL Vanguard Ftse Pacific ETF | Add +234.9% | 0.04% | +0.03 |
| BBCA JPMorgan Betabuilders Canada | Add +684.3% | 0.03% | +0.03 |
| DLR Digital Realty Trust Inc. | Add +145.0% | 0.04% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +44.1% | 0.08% | +0.02 |
| UNP Union Pacific Corp. | Add +19.9% | 0.14% | +0.02 |
| UBER Uber Technologies Inc. | Add +45.5% | 0.03% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1400.0% | 0.01% | +0.01 |
| VGK Vanguard Ftse Europe ETF | Add +18.7% | 0.05% | +0.01 |
| SBUX Starbucks Corp. | Add +217.5% | 0.02% | +0.01 |
| BND Vanguard Total Bond Market | Add +28.2% | 0.03% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +89.0% | 0.01% | +0.00 |
| TKO Tko Group Holdings Inc. | New | 0.00% | +0.00 |
| SILA Sila Realty Trust Inc. | New | 0.00% | +0.00 |
| JEPQ JPM Nasdaq Equity Premium | Add +34.9% | 0.00% | +0.00 |
| KHC The Kraft Heinz Co. | Add +45.1% | 0.00% | +0.00 |
| NOC Northrop Grumman Corp. | Add +15.4% | 0.01% | +0.00 |
| ALK Alaska Air Group Inc. | Add +1828.2% | 0.00% | −0.00 |
| PFE Pfizer Inc. | Add +7.4% | 0.16% | −0.00 |
| HTGC Hercules Capital Inc. | Add +1.1% | 0.04% | −0.00 |
| LCID Lucid Group Inc. | Add +1.9% | 0.03% | −0.01 |
| VICI Vici Properties Inc. | Add +2.2% | 0.25% | −0.01 |
| UPS United Parcel Service Class B | Add +4.4% | 0.07% | −0.01 |
| VZ Verizon Communications Inc. | Add +6.7% | 0.26% | −0.01 |
Options Activity Q1 2025 → Q2 2025
| PUT 100 APPLE INC COM EXP 12-19-25@240.000 OPTION ROOT= AAPL | put | Sold out | 400 | $1.1Mbefore exit |
| ELI LILLY & CO | put | New | 53 | $506K |
| APPLE INC | put | New | 326 | $469K |
| ELI LILLY & CO | call | New | 53 | $148K |
| MERCK & CO INC | put | Add +33.3% | 20 | $11K |
| UNITED PARCEL SVCS INC | put | Add +45.5% | 16 | $8K |
| APPLE INC | call | New | 7 | $4K |
| ROBINHOOD MKTS INC | put | New | 15 | $3K |
| ONEOK INC NEW | put | New | 15 | $3K |
| NVIDIA CORPORATION | put | Add +80.0% | 18 | $2K |
| UNITEDHEALTH GROUP INC | put | New | 2 | $2K |
| STARBUCKS CORP | put | Add +75.0% | 7 | $2K |
| AMAZON COM INC | put | New | 9 | $2K |
| OCCIDENTAL PETE CORP | put | New | 15 | $1K |
| ADVANCED MICRO DEVICES INC | put | Add +47.4% | 28 | $1K |
| PAYCHEX INC | put | New | 4 | $1K |
| ALIBABA GROUP HLDG LTD | put | Add +300.0% | 8 | $1K |
| PROLOGIS INC. | put | Sold out | 5 | $887before exit |
| META PLATFORMS INC | put | New | 2 | $800 |
| MCDONALDS CORP | put | New | 2 | $795 |
| JPMORGAN CHASE & CO | put | New | 2 | $650 |
| DELL TECHNOLOGIES INC | put | Reduce -14.3% | 18 | $629 |
| WALMART INC | put | New | 6 | $499 |
| KRANESHARES TRUST | put | Sold out | 15 | $420before exit |
| MONDELEZ INTL INC | put | Sold out | 9 | $415before exit |
| ISHARES BITCOIN TRUST ETF | put | Reduce -30.0% | 14 | $320 |
| UBER TECHNOLOGIES INC | put | Add +50.0% | 6 | $167 |
| ORACLE CORP | put | New | 3 | $46 |
| SNOWFLAKE INC | put | Sold out | 2 | $6before exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 362 | $130.5M | LLY, BIL, AAPL, JPM, MSFT |
| Q1 2026 | 312 | $124.8M | BIL, LLY, AAPL, MSFT, JPM |
| Q4 2025 | 336 | $120.5M | MSFT, LLY, AAPL, JPM, SPOT |
| Q3 2025 | 292 | $112.9M | MSFT, AAPL, LLY, JPM, SPOT |
| Q2 2025 | 293 | $110.0M | MSFT, LLY, SPOT, AAPL, JPM |
| Q1 2025 | 517 | $105.1M | MSFT, LLY, AAPL, JPM, SPOT |
| Q4 2024 | 493 | $107.4M | MSFT, AAPL, LLY, JPM, GGAL |
| Q3 2024 | 491 | $115.1M | MSFT, LLY, AAPL, SPOT, JPM |
| Q2 2024 | 300 | $104.3M | MSFT, LLY, AAPL, MRK, SPOT |
| Q1 2024 | 291 | $100.9M | MSFT, LLY, AAPL, MRK, JPM |