Coerente Capital Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Coerente Capital Management reported 39 stock positions worth $543.8 million. Its top holding was Microsoft (MSFT) at 10.8% of the portfolio, followed by Alphabet Class A (GOOGL, 8.8%) and Sap SE-Sponsored ADR (SAP, 6.3%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 14 and reduced 15. The biggest buy was a new position in Otis Worldwide (OTIS) and the biggest sale Automatic Data Processing (ADP, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001860790
- Portfolio Value
- $543.8M (Q2 2025)
- SEC Filing
- 0001860790-25-000004 ↗ filed Jul 24, 2025
Holdings Value
Holdings 39 stocks · $543.8M
| MSFT Microsoft Corp. | 10.83% | 118,384 | $58.9M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 8.76% | 270,424 | $47.7M | Add +0.0% |
| SAP Sap SE-Sponsored ADR | 6.25% | 111,793 | $34.0M | Reduce -1.5% |
| ABT Abbott Laboratories | 5.50% | 219,884 | $29.9M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 5.34% | 132,327 | $29.0M | Add +0.7% |
| ADP Automatic Data Processing | 5.32% | 93,888 | $29.0M | Reduce -7.0% |
| FISV Fiserv Inc. | 5.03% | 158,582 | $27.3M | Add +4.6% |
| V Visa Inc. Class A | 4.91% | 75,179 | $26.7M | Reduce -0.3% |
| ITW Illinois Tool Works | 4.71% | 103,525 | $25.6M | Add +1.7% |
| JNJ Johnson & Johnson | 4.48% | 159,487 | $24.4M | Add +0.2% |
| CL Colgate-Palmolive Co. | 4.22% | 252,271 | $22.9M | Reduce -0.0% |
| USB US Bancorp | 3.55% | 426,429 | $19.3M | Add +2.5% |
| SBUX Starbucks Corp. | 3.54% | 210,020 | $19.2M | Add +0.4% |
| STZ Constellation Brands Inc. Class A | 3.32% | 111,011 | $18.1M | Add +3.4% |
| PEP Pepsico Inc. | 3.32% | 136,603 | $18.0M | Add +2.5% |
| ULTA Ulta Beauty Inc. | 3.21% | 37,363 | $17.5M | Add +0.2% |
| PFE Pfizer Inc. | 2.94% | 660,614 | $16.0M | Add +9.9% |
| EOG EOG Resources Inc. | 2.76% | 125,571 | $15.0M | Add +1.8% |
| TFC Truist Financial Corp. | 2.58% | 326,644 | $14.0M | Add +5.8% |
| JPM JPMorgan Chase & Co. | 2.32% | 43,446 | $12.6M | Reduce -1.1% |
| OTIS Otis Worldwide Corp. | 1.98% | 108,979 | $10.8M | New |
| CVS CVS Health Corp. | 1.38% | 108,824 | $7.5M | Reduce -7.1% |
| VOO Vanguard S&P 500 ETF | 1.25% | 12,000 | $6.8M | No change |
| CVX Chevron Corp. | 0.55% | 20,945 | $3.0M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.34% | 11,681 | $1.9M | Reduce -23.9% |
| XOM Exxon Mobil Corp. | 0.20% | 10,158 | $1.1M | Reduce -0.5% |
| EMR Emerson Electric Co. | 0.19% | 7,950 | $1.1M | Reduce -0.6% |
| WMT Walmart Inc. | 0.17% | 9,600 | $939K | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 4,520 | $802K | Reduce -1.3% |
| ABBV Abbvie Inc. | 0.14% | 4,200 | $780K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 1,387 | $674K | Reduce -3.3% |
| BDX Becton Dickinson and Co. | 0.11% | 3,346 | $576K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 1,750 | $516K | No change |
| AAPL Apple Inc. | 0.09% | 2,510 | $515K | Reduce -10.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 775 | $479K | No change |
| COST Costco Wholesale Corp. | 0.06% | 350 | $346K | Reduce -26.3% |
| ORCL Oracle Corp. | 0.06% | 1,410 | $308K | New |
| DEO Diageo PLC-Sponsored ADR | 0.06% | 3,000 | $303K | No change |
| KMB Kimberly-Clark Corp. | 0.05% | 2,160 | $278K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| ADP Automatic Data Processing | Reduce -7.0% | 5.32% | −0.69 |
| CL Colgate-Palmolive Co. | Reduce -0.0% | 4.22% | −0.39 |
| V Visa Inc. Class A | Reduce -0.3% | 4.91% | −0.24 |
| ABT Abbott Laboratories | Reduce -0.8% | 5.50% | −0.23 |
| PG The Procter & Gamble Co. | Reduce -23.9% | 0.34% | −0.17 |
| CVS CVS Health Corp. | Reduce -7.1% | 1.38% | −0.17 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.20% | −0.04 |
| AAPL Apple Inc. | Reduce -10.7% | 0.09% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.3% | 0.12% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -26.3% | 0.06% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 0.15% | +0.01 |
| EMR Emerson Electric Co. | Reduce -0.6% | 0.19% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.1% | 2.32% | +0.22 |
| SAP Sap SE-Sponsored ADR | Reduce -1.5% | 6.25% | +0.32 |
| MSFT Microsoft Corp. | Reduce -2.1% | 10.83% | +1.98 |
Portfolio Buys Q1 2025 → Q2 2025
| OTIS Otis Worldwide Corp. | New | 1.98% | +1.98 |
| GOOGL Alphabet Inc. Class A | Add +0.0% | 8.76% | +0.62 |
| ULTA Ulta Beauty Inc. | Add +0.2% | 3.21% | +0.55 |
| AMZN Amazon.com Inc. | Add +0.7% | 5.34% | +0.47 |
| USB US Bancorp | Add +2.5% | 3.55% | +0.13 |
| TFC Truist Financial Corp. | Add +5.8% | 2.58% | +0.11 |
| ORCL Oracle Corp. | New | 0.06% | +0.06 |
| PFE Pfizer Inc. | Add +9.9% | 2.94% | −0.02 |
| CVX Chevron Corp. | Add +0.1% | 0.55% | −0.13 |
| ITW Illinois Tool Works | Add +1.7% | 4.71% | −0.21 |
| EOG EOG Resources Inc. | Add +1.8% | 2.76% | −0.32 |
| SBUX Starbucks Corp. | Add +0.4% | 3.54% | −0.46 |
| STZ Constellation Brands Inc. Class A | Add +3.4% | 3.32% | −0.52 |
| PEP Pepsico Inc. | Add +2.5% | 3.32% | −0.58 |
| JNJ Johnson & Johnson | Add +0.2% | 4.48% | −0.66 |
| FISV Fiserv Inc. | Add +4.6% | 5.03% | −1.50 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $543.3M | GOOGL, MSFT, JNJ, AMZN, V |
| Q1 2026 | 47 | $537.4M | GOOGL, MSFT, JNJ, AMZN, ITW |
| Q4 2025 | 49 | $548.0M | GOOGL, MSFT, JNJ, AMZN, SAP |
| Q3 2025 | 39 | $563.0M | GOOGL, MSFT, SAP, JNJ, ABT |
| Q2 2025 | 39 | $543.8M | MSFT, GOOGL, SAP, ABT, AMZN |
| Q1 2025 | 38 | $513.3M | MSFT, GOOGL, FISV, ADP, SAP |
| Q4 2024 | 42 | $536.1M | GOOGL, MSFT, FISV, ADP, AMZN |
| Q3 2024 | 46 | $536.2M | MSFT, GOOGL, FISV, ADP, ITW |
| Q2 2024 | 44 | $512.3M | MSFT, GOOGL, FISV, CL, AMZN |
| Q1 2024 | 45 | $529.1M | MSFT, GOOGL, FISV, ITW, ADP |