Coerente Capital Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), Coerente Capital Management reported 39 stock positions worth $563.0 million. Its top holding was Alphabet Class A (GOOGL) at 11.5% of the portfolio, followed by Microsoft (MSFT, 10.2%) and Sap SE-Sponsored ADR (SAP, 5.3%). Compared with Q2 2025, it added to 17 and reduced 14. The biggest buy was Otis Worldwide (OTIS, shares +49%) and the biggest sale Microsoft (MSFT, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001860790
- Portfolio Value
- $563.0M (Q3 2025)
- SEC Filing
- 0001860790-25-000006 ↗ filed Oct 23, 2025
Holdings Value
Holdings 39 stocks · $563.0M
| GOOGL Alphabet Inc. Class A | 11.52% | 266,749 | $64.8M | Reduce -1.4% |
| MSFT Microsoft Corp. | 10.16% | 110,443 | $57.2M | Reduce -6.7% |
| SAP Sap SE-Sponsored ADR | 5.34% | 112,466 | $30.1M | Add +0.6% |
| JNJ Johnson & Johnson | 5.24% | 159,177 | $29.5M | Reduce -0.2% |
| ABT Abbott Laboratories | 5.23% | 219,928 | $29.5M | Add +0.0% |
| AMZN Amazon.com Inc. | 5.18% | 132,778 | $29.2M | Add +0.3% |
| ITW Illinois Tool Works | 4.88% | 105,461 | $27.5M | Add +1.9% |
| ADP Automatic Data Processing | 4.87% | 93,430 | $27.4M | Reduce -0.5% |
| V Visa Inc. Class A | 4.57% | 75,298 | $25.7M | Add +0.2% |
| FISV Fiserv Inc. | 4.00% | 174,677 | $22.5M | Add +10.2% |
| USB US Bancorp | 3.69% | 429,486 | $20.8M | Add +0.7% |
| ULTA Ulta Beauty Inc. | 3.64% | 37,448 | $20.5M | Add +0.2% |
| CL Colgate-Palmolive Co. | 3.61% | 254,030 | $20.3M | Add +0.7% |
| PEP Pepsico Inc. | 3.46% | 138,596 | $19.5M | Add +1.5% |
| SBUX Starbucks Corp. | 3.17% | 211,105 | $17.9M | Add +0.5% |
| PFE Pfizer Inc. | 3.16% | 697,710 | $17.8M | Add +5.6% |
| EOG EOG Resources Inc. | 2.71% | 135,849 | $15.2M | Add +8.2% |
| TFC Truist Financial Corp. | 2.69% | 330,761 | $15.1M | Add +1.3% |
| STZ Constellation Brands Inc. Class A | 2.66% | 111,227 | $15.0M | Add +0.2% |
| OTIS Otis Worldwide Corp. | 2.63% | 162,028 | $14.8M | Add +48.7% |
| JPM JPMorgan Chase & Co. | 2.36% | 42,191 | $13.3M | Reduce -2.9% |
| CVS CVS Health Corp. | 1.37% | 102,582 | $7.7M | Reduce -5.7% |
| VOO Vanguard S&P 500 ETF | 1.31% | 12,000 | $7.3M | No change |
| CVX Chevron Corp. | 0.60% | 21,795 | $3.4M | Add +4.1% |
| PG The Procter & Gamble Co. | 0.32% | 11,616 | $1.8M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.20% | 10,133 | $1.1M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 0.19% | 4,385 | $1.1M | Reduce -3.0% |
| EMR Emerson Electric Co. | 0.19% | 7,950 | $1.0M | No change |
| WMT Walmart Inc. | 0.18% | 9,600 | $989K | No change |
| ABBV Abbvie Inc. | 0.17% | 4,200 | $972K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.12% | 1,387 | $697K | No change |
| AAPL Apple Inc. | 0.11% | 2,445 | $623K | Reduce -2.6% |
| BDX Becton Dickinson and Co. | 0.11% | 3,292 | $616K | Reduce -1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 1,750 | $494K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 615 | $410K | Reduce -20.6% |
| ORCL Oracle Corp. | 0.07% | 1,330 | $374K | Reduce -5.7% |
| COST Costco Wholesale Corp. | 0.06% | 345 | $319K | Reduce -1.4% |
| DEO Diageo PLC-Sponsored ADR | 0.05% | 3,000 | $286K | No change |
| KMB Kimberly-Clark Corp. | 0.05% | 2,160 | $269K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -6.7% | 10.16% | −0.67 |
| ADP Automatic Data Processing | Reduce -0.5% | 4.87% | −0.45 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.32% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -20.6% | 0.07% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -1.4% | 0.06% | −0.01 |
| CVS CVS Health Corp. | Reduce -5.7% | 1.37% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.20% | +0.00 |
| BDX Becton Dickinson and Co. | Reduce -1.6% | 0.11% | +0.00 |
| ORCL Oracle Corp. | Reduce -5.7% | 0.07% | +0.01 |
| AAPL Apple Inc. | Reduce -2.6% | 0.11% | +0.02 |
| GOOG Alphabet Inc. Class C | Reduce -3.0% | 0.19% | +0.04 |
| JPM JPMorgan Chase & Co. | Reduce -2.9% | 2.36% | +0.05 |
| JNJ Johnson & Johnson | Reduce -0.2% | 5.24% | +0.76 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 11.52% | +2.75 |
Portfolio Buys Q2 2025 → Q3 2025
| OTIS Otis Worldwide Corp. | Add +48.7% | 2.63% | +0.65 |
| ULTA Ulta Beauty Inc. | Add +0.2% | 3.64% | +0.42 |
| PFE Pfizer Inc. | Add +5.6% | 3.16% | +0.21 |
| ITW Illinois Tool Works | Add +1.9% | 4.88% | +0.18 |
| PEP Pepsico Inc. | Add +1.5% | 3.46% | +0.14 |
| USB US Bancorp | Add +0.7% | 3.69% | +0.14 |
| TFC Truist Financial Corp. | Add +1.3% | 2.69% | +0.10 |
| CVX Chevron Corp. | Add +4.1% | 0.60% | +0.05 |
| EOG EOG Resources Inc. | Add +8.2% | 2.71% | −0.06 |
| AMZN Amazon.com Inc. | Add +0.3% | 5.18% | −0.16 |
| ABT Abbott Laboratories | Add +0.0% | 5.23% | −0.27 |
| V Visa Inc. Class A | Add +0.2% | 4.57% | −0.34 |
| SBUX Starbucks Corp. | Add +0.5% | 3.17% | −0.37 |
| CL Colgate-Palmolive Co. | Add +0.7% | 3.61% | −0.61 |
| STZ Constellation Brands Inc. Class A | Add +0.2% | 2.66% | −0.66 |
| SAP Sap SE-Sponsored ADR | Add +0.6% | 5.34% | −0.91 |
| FISV Fiserv Inc. | Add +10.2% | 4.00% | −1.03 |
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 |