Chesapeake Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 17, 2025), Chesapeake Asset Management LLC reported 292 stock positions worth $112.9 million. Its top holding was Microsoft (MSFT) at 10.5% of the portfolio, followed by Apple (AAPL, 6.6%) and Eli Lilly (LLY, 6.0%). Compared with Q2 2025, it opened 16 new positions, sold out of 17, added to 52 and reduced 65. The biggest buy was Boeing (BA, shares +80%) and the biggest sale Grupo Financiero Galicia-ADR (GGAL, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001079397
- Portfolio Value
- $112.9M (Q3 2025)
- SEC Filing
- 0001079397-25-000003 ↗ filed Oct 17, 2025
Holdings Value
Holdings 292 stocks · $112.9M
| MSFT Microsoft Corp. | 10.50% | 22,874 | $11.8M | Reduce -0.3% |
| AAPL Apple Inc. | 6.55% | 29,037 | $7.4M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 6.00% | 8,868 | $6.8M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 5.31% | 18,986 | $6.0M | Reduce -0.3% |
| SPOT Spotify Technology SA | 4.69% | 7,579 | $5.3M | Reduce -7.3% |
| R Ryder System Inc. | 3.37% | 20,184 | $3.8M | Add +4.3% |
| AFL Aflac Inc. | 2.33% | 23,493 | $2.6M | Reduce -17.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.31% | 3,904 | $2.6M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.27% | 9,087 | $2.6M | No change |
| AVGO Broadcom Inc. | 2.11% | 7,209 | $2.4M | Reduce -10.8% |
| J Jacobs Solutions Inc. | 1.62% | 12,173 | $1.8M | No change |
| GLD SPDR Gold Shares | 1.58% | 5,028 | $1.8M | No change |
| CHD Church & Dwight Co. Inc. | 1.50% | 19,341 | $1.7M | No change |
| BA The Boeing Co. | 1.50% | 7,820 | $1.7M | Add +80.3% |
| AMZN Amazon.com Inc. | 1.44% | 7,402 | $1.6M | Add +12.9% |
| RTX RTX Corp. | 1.37% | 9,223 | $1.5M | Reduce -0.5% |
| ABBV Abbvie Inc. | 1.35% | 6,561 | $1.5M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 1.28% | 17,150 | $1.4M | Reduce -31.9% |
| SPG Simon Property Group Inc. | 1.20% | 7,200 | $1.4M | No change |
| CRWV Coreweave Inc. Class A | 1.03% | 8,529 | $1.2M | Add +8.2% |
| UL Unilever PLC | 0.98% | 18,742 | $1.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.98% | 1,836 | $1.1M | Add +0.1% |
| GGAL Grupo Financiero Galicia-ADR | 0.95% | 38,883 | $1.1M | Reduce -33.3% |
| JNJ Johnson & Johnson | 0.95% | 5,780 | $1.1M | Add +17.4% |
| PEP Pepsico Inc. | 0.89% | 7,158 | $1.0M | Reduce -0.8% |
| WMB Williams Cos Inc. | 0.89% | 15,825 | $1.0M | Reduce -1.6% |
| BKR Baker Hughes Co. | 0.79% | 18,223 | $888K | Add +425.2% |
| META Meta Platforms Inc. Class A | 0.78% | 1,206 | $886K | Add +0.1% |
| PG The Procter & Gamble Co. | 0.75% | 5,527 | $849K | Add +0.8% |
| GLW Corning Inc. | 0.75% | 10,282 | $843K | Reduce -9.4% |
| CVX Chevron Corp. | 0.74% | 5,375 | $835K | Reduce -1.0% |
| MCD McDonald's Corp. | 0.72% | 2,673 | $812K | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 0.71% | 3,311 | $805K | Add +1.1% |
| NEE Nextera Energy Inc. | 0.70% | 10,497 | $792K | Add +1.8% |
| TRV The Travelers Cos Inc. | 0.67% | 2,725 | $761K | Reduce -1.8% |
| ETN Eaton Corp. PLC | 0.67% | 2,028 | $759K | Reduce -3.3% |
| LMT Lockheed Martin Corp. | 0.67% | 1,505 | $751K | Reduce -1.0% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.63% | 10,935 | $711K | Add +2.5% |
| MDLZ Mondelez International Inc. Class A | 0.61% | 11,093 | $693K | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.60% | 6,051 | $682K | Reduce -0.4% |
| PAM Pampa Energia SA-Spon ADR | 0.60% | 11,202 | $673K | No change |
| XME SS SPDR S&P Metals Mining | 0.59% | 7,087 | $660K | Add +19054.0% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.58% | 26,880 | $653K | No change |
| HD Home Depot Inc. | 0.53% | 1,474 | $597K | Reduce -1.7% |
| IWM iShares Russell 2000 ETF | 0.53% | 2,455 | $594K | Add +2.9% |
| NVDA Nvidia Corp. | 0.52% | 3,118 | $582K | Reduce -3.1% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.50% | 67,900 | $565K | Reduce -33.3% |
| PNC PNC Financial Services Group | 0.50% | 2,796 | $562K | Reduce -2.5% |
| ADP Automatic Data Processing | 0.48% | 1,861 | $546K | Reduce -1.4% |
| MRSH Marsh & McLennan Cos | 0.48% | 2,705 | $545K | Reduce -1.5% |
| BABA Alibaba Group Holding-SP ADR | 0.47% | 2,941 | $526K | Add +3360.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.45% | 1,555 | $510K | No change |
| BMA Banco Macro SA-ADR | 0.44% | 11,804 | $499K | Reduce -39.0% |
| VMI Valmont Industries | 0.43% | 1,254 | $487K | Add +191.6% |
| GWRE Guidewire Software Inc. | 0.42% | 2,085 | $479K | Reduce -63.6% |
| PPL PPL Corp. | 0.42% | 12,812 | $476K | Add +25.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.42% | 14,545 | $474K | Add +72.8% |
| UNH Unitedhealth Group Inc. | 0.42% | 1,371 | $474K | Add +44.0% |
| GD General Dynamics Corp. | 0.41% | 1,372 | $468K | Add +60.3% |
| CSCO Cisco Systems Inc. | 0.39% | 6,389 | $437K | Add +49.7% |
| SRE Sempra | 0.37% | 4,701 | $423K | Reduce -3.1% |
| AVB Avalonbay Communities Inc. | 0.37% | 2,185 | $422K | Add +215.3% |
| TEL Te Connectivity PLC | 0.35% | 1,795 | $394K | Add +28.0% |
| SONY Sony Group Corp. - SP ADR | 0.34% | 13,240 | $381K | Reduce -3.1% |
| CME Cme Group Inc. | 0.34% | 1,410 | $381K | Reduce -1.4% |
| HOOD Robinhood Markets Inc. Class A | 0.33% | 2,593 | $371K | Add +2.1% |
| PAYX Paychex Inc. | 0.33% | 2,896 | $367K | Reduce -1.3% |
| KWEB Kranesh Csi China Internet | 0.32% | 8,510 | $358K | Add +2.4% |
| PRSU Pursuit Attractions and Hosp | 0.31% | 9,642 | $349K | Add +161.1% |
| KMI Kinder Morgan Inc. | 0.30% | 11,981 | $339K | Reduce -12.8% |
| SCHP Schwab U.S. Tips ETF | 0.30% | 12,414 | $335K | Add +42.1% |
| GS Goldman Sachs Group Inc. | 0.29% | 404 | $322K | Add +6633.3% |
| ORCL Oracle Corp. | 0.28% | 1,142 | $321K | Reduce -26.1% |
| PM Philip Morris International | 0.28% | 1,938 | $314K | Add +97.2% |
| ACN Accenture PLC Class A | 0.28% | 1,262 | $311K | Add +92.7% |
| PRMB Primo Brands Corp. | 0.26% | 13,156 | $291K | Reduce -53.1% |
| WEC WEC Energy Group Inc. | 0.26% | 2,522 | $289K | Reduce -1.9% |
| HIG Hartford Insurance Group Inc. | 0.26% | 2,163 | $289K | Add +1.2% |
| TXN Texas Instruments Inc. | 0.25% | 1,564 | $287K | Reduce -37.5% |
| VZ Verizon Communications Inc. | 0.25% | 6,392 | $281K | Reduce -3.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.25% | 3,583 | $281K | No change |
| ITW Illinois Tool Works | 0.25% | 1,071 | $279K | Reduce -1.4% |
| CRESY Cresud S.A.-Spons ADR | 0.24% | 29,615 | $272K | No change |
| APO Apollo Global Management Inc. | 0.24% | 1,993 | $266K | Add +149.1% |
| SNDK Sandisk Corp. | 0.24% | 2,366 | $265K | New |
| APD Air Products & Chemicals Inc. | 0.23% | 963 | $263K | Reduce -36.3% |
| BN Brookfield Corp. | 0.22% | 3,680 | $252K | Add +2103.6% |
| ETHA iShares Ethereum Trust ETF | 0.22% | 7,855 | $248K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.20% | 2,585 | $225K | Reduce -4.6% |
| KDP Keurig Dr Pepper Inc. | 0.20% | 8,703 | $222K | Reduce -1.3% |
| T AT&T Inc. | 0.19% | 7,754 | $219K | No change |
| OKLO Oklo Inc. | 0.18% | 1,870 | $209K | No change |
| GEV GE Vernova Inc. | 0.18% | 337 | $207K | Reduce -47.4% |
| FAST Fastenal Co. | 0.18% | 4,036 | $198K | Reduce -1.5% |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.17% | 25,806 | $190K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.16% | 379 | $186K | No change |
| OKE Oneok Inc. | 0.16% | 2,544 | $186K | Add +2.0% |
| CIFR Cipher Digital Inc. | 0.16% | 14,000 | $176K | New |
| UNP Union Pacific Corp. | 0.15% | 707 | $167K | Add +2.2% |
| RUN Sunrun Inc. | 0.15% | 9,582 | $166K | New |
Options reported separately and not counted above: ELI LILLY & CO calls ($53K), UNITED PARCEL SVCS INC puts ($19K), APPLE INC calls ($18K), ADVANCED MICRO DEVICES INC puts ($10K), ACCENTURE PLC IRELAND puts ($8K), UBER TECHNOLOGIES INC puts ($6K), MERCK & CO INC puts ($4K), ONEOK INC NEW puts ($4K), PAYCHEX INC puts ($2K), RGTI puts ($2K), STARBUCKS CORP puts ($2K), UNITEDHEALTH GROUP INC puts ($1K), and 19 more.
Portfolio Sells Q2 2025 → Q3 2025
| GGAL Grupo Financiero Galicia-ADR | Reduce -33.3% | 0.95% | −1.72 |
| BBAR Bbva Argentina SA-ADR | Reduce -33.3% | 0.50% | −1.02 |
| SPOT Spotify Technology SA | Reduce -7.3% | 4.69% | −1.02 |
| GWRE Guidewire Software Inc. | Reduce -63.6% | 0.42% | −0.80 |
| BMA Banco Macro SA-ADR | Reduce -39.0% | 0.44% | −0.79 |
| MRK Merck & Co. Inc. | Reduce -31.9% | 1.28% | −0.54 |
| PRMB Primo Brands Corp. | Reduce -53.1% | 0.26% | −0.50 |
| AFL Aflac Inc. | Reduce -17.1% | 2.33% | −0.39 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 6.00% | −0.31 |
| AMD Advanced Micro Devices | Reduce -73.0% | 0.11% | −0.25 |
| TXN Texas Instruments Inc. | Reduce -37.5% | 0.25% | −0.22 |
| NASPERS | Sold out | 0.00% | −0.19 |
| O Realty Income Corp. | Reduce -66.8% | 0.09% | −0.18 |
| VST Vistra Corp. | Sold out | 0.00% | −0.17 |
| APD Air Products & Chemicals Inc. | Reduce -36.3% | 0.23% | −0.16 |
| IBIT iShares Bitcoin Trust ETF | Reduce -61.4% | 0.10% | −0.15 |
| DELL Dell Technologies -C | Reduce -71.8% | 0.06% | −0.13 |
| SGOV iShares 0-3 Month Treasury B | Reduce -58.0% | 0.09% | −0.13 |
| SMNEY Siemens Energy AG-Unsp ADR | Sold out | 0.00% | −0.13 |
| GEV GE Vernova Inc. | Reduce -47.4% | 0.18% | −0.12 |
| IESC Ies Holdings Inc. | Sold out | 0.00% | −0.12 |
| ING ING Groep N.V.-Sponsored ADR | Sold out | 0.00% | −0.11 |
| PWR Quanta Services Inc. | Reduce -52.1% | 0.12% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.9% | 0.61% | −0.08 |
| PSX Phillips 66 | Reduce -69.1% | 0.04% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -79.7% | 0.02% | −0.07 |
| PLD Prologis Inc. | Reduce -49.6% | 0.08% | −0.07 |
| KDP Keurig Dr Pepper Inc. | Reduce -1.3% | 0.20% | −0.07 |
| KMI Kinder Morgan Inc. | Reduce -12.8% | 0.30% | −0.07 |
| MRSH Marsh & McLennan Cos | Reduce -1.5% | 0.48% | −0.06 |
| PAYX Paychex Inc. | Reduce -1.3% | 0.33% | −0.06 |
| ADP Automatic Data Processing | Reduce -1.4% | 0.48% | −0.05 |
| UPS United Parcel Service Class B | Reduce -34.1% | 0.04% | −0.03 |
| WMB Williams Cos Inc. | Reduce -1.6% | 0.89% | −0.03 |
| HPQ HP Inc. | Reduce -54.4% | 0.03% | −0.03 |
| ORCL Oracle Corp. | Reduce -26.1% | 0.28% | −0.02 |
| CME Cme Group Inc. | Reduce -1.4% | 0.34% | −0.02 |
| AEP American Electric Power | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Reduce -14.1% | 0.14% | −0.02 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.02 |
| ARCC Ares Capital Corp. | Reduce -20.6% | 0.03% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -3.0% | 0.25% | −0.01 |
| MUJ BlackRock Munihold NJ QLTY | Sold out | 0.00% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -3.3% | 0.67% | −0.01 |
| DUK Duke Energy Corp. | Reduce -39.3% | 0.01% | −0.01 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -12.5% | 0.04% | −0.01 |
| FCNCA First Citizens Bcshs Class A | Sold out | 0.00% | −0.01 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.01 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| BA The Boeing Co. | Add +80.3% | 1.50% | +0.67 |
| BKR Baker Hughes Co. | Add +425.2% | 0.79% | +0.67 |
| XME SS SPDR S&P Metals Mining | Add +19054.0% | 0.59% | +0.58 |
| R Ryder System Inc. | Add +4.3% | 3.37% | +0.58 |
| VMI Valmont Industries | Add +191.6% | 0.43% | +0.30 |
| BABA Alibaba Group Holding-SP ADR | Add +3360.0% | 0.47% | +0.30 |
| GS Goldman Sachs Group Inc. | Add +6633.3% | 0.29% | +0.28 |
| JNJ Johnson & Johnson | Add +17.4% | 0.95% | +0.27 |
| AVB Avalonbay Communities Inc. | Add +215.3% | 0.37% | +0.25 |
| SNDK Sandisk Corp. | New | 0.24% | +0.24 |
| ETHA iShares Ethereum Trust ETF | New | 0.22% | +0.22 |
| BN Brookfield Corp. | Add +2103.6% | 0.22% | +0.21 |
| PRSU Pursuit Attractions and Hosp | Add +161.1% | 0.31% | +0.21 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 0.71% | +0.19 |
| GD General Dynamics Corp. | Add +60.3% | 0.41% | +0.19 |
| VICI Vici Properties Inc. | Add +72.8% | 0.42% | +0.17 |
| CIFR Cipher Digital Inc. | New | 0.16% | +0.16 |
| UNH Unitedhealth Group Inc. | Add +44.0% | 0.42% | +0.15 |
| RUN Sunrun Inc. | New | 0.15% | +0.15 |
| CRDO Credo Technology Group Holdi | New | 0.14% | +0.14 |
| TEL Te Connectivity PLC | Add +28.0% | 0.35% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.13% | +0.13 |
| APO Apollo Global Management Inc. | Add +149.1% | 0.24% | +0.13 |
| AMZN Amazon.com Inc. | Add +12.9% | 1.44% | +0.13 |
| CRCL Circle Internet Group Inc. | New | 0.13% | +0.13 |
| CSCO Cisco Systems Inc. | Add +49.7% | 0.39% | +0.12 |
| BIDU Baidu Inc. - Spon ADR | New | 0.12% | +0.12 |
| PM Philip Morris International | Add +97.2% | 0.28% | +0.12 |
| HOOD Robinhood Markets Inc. Class A | Add +2.1% | 0.33% | +0.11 |
| PPL PPL Corp. | Add +25.3% | 0.42% | +0.11 |
| ACN Accenture PLC Class A | Add +92.7% | 0.28% | +0.10 |
| TRGP Targa Resources Corp. | Add +421.5% | 0.11% | +0.09 |
| SCHP Schwab U.S. Tips ETF | Add +42.1% | 0.30% | +0.08 |
| SPHR Sphere Entertainment Co. | New | 0.07% | +0.07 |
| IWM iShares Russell 2000 ETF | Add +2.9% | 0.53% | +0.06 |
| KWEB Kranesh Csi China Internet | Add +2.4% | 0.32% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.98% | +0.06 |
| NEE Nextera Energy Inc. | Add +1.8% | 0.70% | +0.05 |
| IAU iShares Gold Trust | New | 0.05% | +0.05 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +2.5% | 0.63% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.03% | +0.03 |
| OTIS Otis Worldwide Corp. | Add +88.2% | 0.06% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +3625.0% | 0.02% | +0.02 |
| DLR Digital Realty Trust Inc. | Add +51.0% | 0.06% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +116.4% | 0.03% | +0.02 |
| IREN Iren Ltd. | New | 0.01% | +0.01 |
| MSTR Strategy Inc. | New | 0.01% | +0.01 |
| SCHH Schwab US REIT ETF | New | 0.01% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +110.0% | 0.02% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.8% | 0.08% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| ELI LILLY & CO | put | Sold out | 53 | $506Kbefore exit |
| ADVANCED MICRO DEVICES INC | put | Add +103.6% | 57 | $10K |
| ACCENTURE PLC IRELAND | put | New | 4 | $8K |
| UBER TECHNOLOGIES INC | put | Add +483.3% | 35 | $6K |
| RGTI Rigetti Computing Inc. | put | New | 60 | $2K |
| UNITEDHEALTH GROUP INC | put | Add +750.0% | 17 | $1K |
| ALIBABA GROUP HLDG LTD | put | Sold out | 8 | $1Kbefore exit |
| CROWDSTRIKE HLDGS INC | put | New | 1 | $997 |
| VERIZON COMMUNICATIONS INC | put | New | 10 | $700 |
| AMAZON COM INC | put | Reduce -55.6% | 4 | $678 |
| PALANTIR TECHNOLOGIES INC | put | New | 9 | $678 |
| OKLO INC | put | New | 10 | $600 |
| WALMART INC | put | Sold out | 6 | $499before exit |
| ISHARES BITCOIN TRUST ETF | put | Sold out | 14 | $320before exit |
| META PLATFORMS INC | put | Reduce -50.0% | 1 | $287 |
| GENERAL DYNAMICS CORP | put | New | 2 | $265 |
| RAMBUS INC DEL | put | New | 2 | $244 |
| DELL TECHNOLOGIES INC | put | Reduce -61.1% | 7 | $182 |
| APPLE INC | put | Reduce -99.4% | 2 | $129 |
| ORACLE CORP | put | Sold out | 3 | $46before exit |
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
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |