Core Alternative Capital

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 3, 2025), Core Alternative Capital reported 340 stock positions worth $344.5 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Apple (AAPL, 6.3%) and Alphabet Class C (GOOG, 4.5%). Compared with Q2 2025, it opened 13 new positions, sold out of 18, added to 13 and reduced 113. The biggest buy was Qualcomm (QCOM, shares +12341%) and the biggest sale Unitedhealth (UNH, shares −97%).

Most Recent 13F
Q2 2026
Location
PEACHTREE CORNERS, GA
CIK
0001776878
Portfolio Value
$344.5M (Q3 2025)
SEC Filing
0001376474-25-000888 ↗ filed Nov 3, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $558.1M Q1 2024 Q2 2024: $500.2M Q2 2024 Q3 2024: $517.3M Q3 2024 Q4 2024: $478.4M Q4 2024 Q1 2025: $416.0M Q1 2025 Q2 2025: $365.6M Q2 2025 Q3 2025: $344.5M $344.5M Q3 2025 Q4 2025: $362.6M Q4 2025 Q1 2026: $338.7M Q1 2026 Q2 2026: $334.2M Q2 2026

Holdings 340 stocks · $344.5M
MSFT Microsoft Corp. 6.35% 42,232 $21.9M Reduce -11.2%
AAPL Apple Inc. 6.29% 85,084 $21.7M Reduce -10.2%
GOOG Alphabet Inc. Class C 4.48% 63,330 $15.4M Reduce -13.4%
JPM JPMorgan Chase & Co. 4.29% 46,869 $14.8M Reduce -9.2%
LLY Eli Lilly & Co. 2.64% 11,920 $9.1M Reduce -10.0%
WMT Walmart Inc. 2.49% 83,084 $8.6M Reduce -11.9%
ADBE Adobe Inc. 2.20% 21,450 $7.6M Add +82.0%
JNJ Johnson & Johnson 2.17% 40,294 $7.5M Reduce -11.3%
XOM Exxon Mobil Corp. 2.11% 64,616 $7.3M Reduce -9.6%
BRK.B Berkshire Hathaway Inc. Class B 2.10% 14,411 $7.2M Reduce -7.9%
AMD Advanced Micro Devices 2.08% 44,320 $7.2M Reduce -12.9%
SO The Southern Co. 1.87% 67,848 $6.4M Reduce -12.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 1.79% 42,653 $6.2M Reduce -11.8%
WM Waste Management Inc. 1.74% 27,199 $6.0M Reduce -12.8%
AMZN Amazon.com Inc. 1.73% 27,109 $6.0M Reduce -12.3%
V Visa Inc. Class A 1.66% 16,790 $5.7M Reduce -10.2%
GOOGL Alphabet Inc. Class A 1.56% 22,177 $5.4M Reduce -11.7%
NEM Newmont Corp. 1.56% 63,837 $5.4M Reduce -11.8%
MS Morgan Stanley 1.56% 33,819 $5.4M Reduce -14.6%
MDT Medtronic PLC 1.55% 55,911 $5.3M Add +35.8%
CME Cme Group Inc. 1.53% 19,498 $5.3M Reduce -12.7%
CB Chubb Ltd. 1.53% 18,627 $5.3M Reduce -12.5%
MCD McDonald's Corp. 1.51% 17,112 $5.2M Reduce -14.0%
PG The Procter & Gamble Co. 1.51% 33,839 $5.2M Reduce -11.9%
DHI D.R. Horton Inc. 1.51% 30,674 $5.2M Reduce -13.1%
SHW The Sherwin-Williams Co. 1.50% 14,934 $5.2M Reduce -0.6%
NEE Nextera Energy Inc. 1.46% 66,504 $5.0M Reduce -12.7%
CVX Chevron Corp. 1.45% 32,203 $5.0M Reduce -13.1%
BR Broadridge Financial Solutio 1.44% 20,882 $5.0M Reduce -13.3%
LMT Lockheed Martin Corp. 1.44% 9,917 $5.0M Reduce -14.2%
QCOM Qualcomm Inc. 1.38% 28,615 $4.8M Add +12341.3%
APD Air Products & Chemicals Inc. 1.38% 17,481 $4.8M Reduce -11.2%
TEL Te Connectivity PLC 1.36% 21,422 $4.7M Reduce -9.9%
NTAP Netapp Inc. 1.35% 39,322 $4.7M Reduce -10.5%
MOS The Mosaic Co. 1.33% 132,493 $4.6M Reduce -12.2%
O Realty Income Corp. 1.32% 74,965 $4.6M Reduce -12.6%
LHX L3HARRIS Technologies Inc. 1.30% 14,679 $4.5M Reduce -13.2%
FISV Fiserv Inc. 1.24% 33,106 $4.3M Reduce -11.2%
CSCO Cisco Systems Inc. 1.15% 57,846 $4.0M Reduce -8.4%
PAYX Paychex Inc. 1.13% 30,670 $3.9M Reduce -12.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.13% 13,773 $3.9M Reduce -4.7%
GPC Genuine Parts Co. 1.11% 27,583 $3.8M Reduce -12.7%
MRK Merck & Co. Inc. 1.07% 44,113 $3.7M Reduce -13.0%
CTRA Coterra Energy Inc. 1.07% 155,939 $3.7M Add +27.6%
PANW Palo Alto Networks Inc. 1.05% 17,750 $3.6M Reduce -7.8%
AFL Aflac Inc. 0.99% 30,537 $3.4M Reduce -16.8%
ITW Illinois Tool Works 0.98% 12,955 $3.4M Reduce -10.8%
VZ Verizon Communications Inc. 0.98% 76,699 $3.4M Reduce -11.4%
ACN Accenture PLC Class A 0.88% 12,249 $3.0M Reduce -19.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.80% 84,925 $2.8M Reduce -10.8%
FDS Factset Research Systems Inc. 0.66% 7,926 $2.3M Reduce -21.4%
META Meta Platforms Inc. Class A 0.55% 2,579 $1.9M Reduce -10.8%
TGT Target Corp. 0.51% 19,729 $1.8M Reduce -13.4%
ARE Alexandria Real Estate Equit 0.44% 18,391 $1.5M Add +5.8%
AXP American Express Co. 0.43% 4,417 $1.5M No change
TMO Thermo Fisher Scientific Inc. 0.41% 2,877 $1.4M Reduce -8.1%
HD Home Depot Inc. 0.39% 3,317 $1.3M Reduce -12.4%
EMR Emerson Electric Co. 0.38% 10,061 $1.3M Reduce -18.4%
TSCO Tractor Supply Company 0.37% 22,329 $1.3M Reduce -12.7%
AVGO Broadcom Inc. 0.34% 3,530 $1.2M Reduce -5.0%
NVDA Nvidia Corp. 0.28% 5,228 $975K Reduce -3.5%
AMGN Amgen Inc. 0.27% 3,345 $944K Reduce -18.4%
KO The Coca-Cola Co. 0.25% 13,194 $875K Reduce -3.2%
MMM 3M Co. 0.25% 5,635 $874K No change
ETN Eaton Corp. PLC 0.24% 2,189 $819K Reduce -6.6%
WFC Wells Fargo & Co. 0.21% 8,635 $724K Reduce -31.5%
UNP Union Pacific Corp. 0.21% 3,043 $719K Add +0.3%
NXPI NXP Semiconductors NV 0.19% 2,807 $639K Reduce -83.5%
XLF SS Financial Select Sector 0.19% 11,847 $638K Reduce -3.5%
CAT Caterpillar Inc. 0.17% 1,195 $570K Reduce -3.2%
MPC Marathon Petroleum Corp. 0.16% 2,831 $546K Reduce -2.8%
ORCL Oracle Corp. 0.16% 1,923 $541K Reduce -0.6%
LRCX Lam Research Corp. 0.15% 3,870 $518K Add +1.0%
PEP Pepsico Inc. 0.13% 3,078 $432K Reduce -86.8%
ICE Intercontinental Exchange Inc. 0.12% 2,452 $413K Add +1.3%
BLK BlackRock Inc. 0.12% 345 $402K Add +3.9%
DEO Diageo PLC-Sponsored ADR 0.11% 3,906 $373K Reduce -26.0%
TRV The Travelers Cos Inc. 0.10% 1,258 $351K Add +1.0%
DHR Danaher Corp. 0.09% 1,487 $295K Reduce -28.9%
AMP Ameriprise Financial Inc. 0.09% 599 $294K No change
IVV iShares Core S&P 500 ETF 0.08% 400 $268K Reduce -44.8%
DE Deere & Co. 0.07% 512 $234K No change
HON Honeywell International Inc. 0.06% 1,031 $217K No change
GE General Electric filed as GE AEROSPACE 0.06% 710 $214K No change
ANET Arista Networks Inc. 0.05% 1,220 $178K No change
UBER Uber Technologies Inc. 0.05% 1,810 $177K No change
ITOT iShares Core S&P Total U.S. 0.05% 1,120 $163K No change
BX Blackstone Inc. 0.04% 893 $153K Reduce -95.0%
UNH Unitedhealth Group Inc. 0.04% 428 $148K Reduce -97.2%
MDLZ Mondelez International Inc. Class A 0.04% 2,325 $145K Reduce -12.0%
CMCSA Comcast Corp. Class A 0.04% 4,386 $138K Reduce -15.1%
SRE Sempra 0.04% 1,417 $128K No change
VLO Valero Energy Corp. 0.04% 714 $122K No change
AWK American Water Works Co. Inc. 0.03% 818 $114K No change
PNC PNC Financial Services Group 0.03% 566 $114K Reduce -11.3%
PFE Pfizer Inc. 0.03% 4,363 $111K No change
GEV GE Vernova Inc. 0.03% 174 $107K No change
BA The Boeing Co. 0.03% 492 $106K Reduce -32.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 2,024 $104K No change
NOC Northrop Grumman Corp. 0.03% 170 $104K New

Show all 340 holdings

Portfolio Sells Q2 2025 → Q3 2025
UNH Unitedhealth Group Inc. Reduce -97.2% 0.04% −1.25
NXPI NXP Semiconductors NV Reduce -83.5% 0.19% −0.83
PEP Pepsico Inc. Reduce -86.8% 0.13% −0.72
BX Blackstone Inc. Reduce -95.0% 0.04% −0.69
FDS Factset Research Systems Inc. Reduce -21.4% 0.66% −0.58
FISV Fiserv Inc. Reduce -11.2% 1.24% −0.52
ACN Accenture PLC Class A Reduce -19.2% 0.88% −0.36
PAYX Paychex Inc. Reduce -12.5% 1.13% −0.27
WM Waste Management Inc. Reduce -12.8% 1.74% −0.21
NSC Norfolk Southern Corp. Reduce -99.4% 0.00% −0.19
LLY Eli Lilly & Co. Reduce -10.0% 2.64% −0.18
MOS The Mosaic Co. Reduce -12.2% 1.33% −0.17
PG The Procter & Gamble Co. Reduce -11.9% 1.51% −0.16
CB Chubb Ltd. Reduce -12.5% 1.53% −0.16
BR Broadridge Financial Solutio Reduce -13.3% 1.44% −0.16
CME Cme Group Inc. Reduce -12.7% 1.53% −0.15
V Visa Inc. Class A Reduce -10.2% 1.66% −0.15
APD Air Products & Chemicals Inc. Reduce -11.2% 1.38% −0.13
AMZN Amazon.com Inc. Reduce -12.3% 1.73% −0.13
MSFT Microsoft Corp. Reduce -11.2% 6.35% −0.12
TGT Target Corp. Reduce -13.4% 0.51% −0.10
MCD McDonald's Corp. Reduce -14.0% 1.51% −0.08
SO The Southern Co. Reduce -12.1% 1.87% −0.07
AFL Aflac Inc. Reduce -16.8% 0.99% −0.07
EMR Emerson Electric Co. Reduce -18.4% 0.38% −0.07
WFC Wells Fargo & Co. Reduce -31.5% 0.21% −0.07
CSCO Cisco Systems Inc. Reduce -8.4% 1.15% −0.05
VZ Verizon Communications Inc. Reduce -11.4% 0.98% −0.05
IVV iShares Core S&P 500 ETF Reduce -44.8% 0.08% −0.05
VICI Vici Properties Inc. Reduce -10.8% 0.80% −0.04
AMGN Amgen Inc. Reduce -18.4% 0.27% −0.04
WMT Walmart Inc. Reduce -11.9% 2.49% −0.04
DEO Diageo PLC-Sponsored ADR Reduce -26.0% 0.11% −0.04
IBM Intl Business Machines Corp. Reduce -4.7% 1.13% −0.04
META Meta Platforms Inc. Class A Reduce -10.8% 0.55% −0.03
O Realty Income Corp. Reduce -12.6% 1.32% −0.03
PANW Palo Alto Networks Inc. Reduce -7.8% 1.05% −0.03
DHR Danaher Corp. Reduce -28.9% 0.09% −0.03
LMT Lockheed Martin Corp. Reduce -14.2% 1.44% −0.03
MRK Merck & Co. Inc. Reduce -13.0% 1.07% −0.02
RTX RTX Corp. Reduce -44.7% 0.03% −0.01
BA The Boeing Co. Reduce -32.6% 0.03% −0.01
CMCSA Comcast Corp. Class A Reduce -15.1% 0.04% −0.01
KO The Coca-Cola Co. Reduce -3.2% 0.25% −0.01
ELV Elevance Health Inc. Reduce -91.2% 0.00% −0.01
AVB Avalonbay Communities Inc. Reduce -97.5% 0.00% −0.01
BSX Boston Scientific Corp. Reduce -85.0% 0.00% −0.01
CARR Carrier Global Corp. Reduce -29.1% 0.01% −0.01
MDLZ Mondelez International Inc. Class A Reduce -12.0% 0.04% −0.01
CRM Salesforce Inc. Reduce -35.6% 0.01% −0.01

Portfolio Buys Q2 2025 → Q3 2025
QCOM Qualcomm Inc. Add +12341.3% 1.38% +1.37
ADBE Adobe Inc. Add +82.0% 2.20% +0.95
MDT Medtronic PLC Add +35.8% 1.55% +0.56
CTRA Coterra Energy Inc. Add +27.6% 1.07% +0.22
ARE Alexandria Real Estate Equit Add +5.8% 0.44% +0.10
LRCX Lam Research Corp. Add +1.0% 0.15% +0.05
NOC Northrop Grumman Corp. New 0.03% +0.03
BLK BlackRock Inc. Add +3.9% 0.12% +0.02
UNP Union Pacific Corp. Add +0.3% 0.21% +0.02
ET Energy Transfer LP New 0.01% +0.01
ORI Old Republic Intl Corp. New 0.01% +0.01
TRV The Travelers Cos Inc. Add +1.0% 0.10% +0.01
CP Canadian Pacific Kansas City New 0.01% +0.01
GLP Global Partners LP New 0.01% +0.01
ABBV Abbvie Inc. Add +1.1% 0.02% +0.00
AB Alliancebernstein Holding LP New 0.00% +0.00
CNI Canadian Natl Railway Co. New 0.00% +0.00
IP International Paper Co. New 0.00% +0.00
RIO Rio Tinto PLC-Spon ADR New 0.00% +0.00
PLTR Palantir Technologies Inc. Class A New 0.00% +0.00
OVV Ovintiv Inc. New 0.00% +0.00
BNS Bank of Nova Scotia New 0.00% +0.00
RAL Ralliant Corp. New 0.00% +0.00
DIS The Walt Disney Co. Add +2.1% 0.03% 0.00
CE Celanese Corp. Add +11.1% 0.00% −0.00
ICE Intercontinental Exchange Inc. Add +1.3% 0.12% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 201$334.2MAAPL, GOOG, MSFT, AMD, JPM
Q1 2026 205$338.7MAAPL, MSFT, GOOG, JPM, XOM
Q4 2025 213$362.6MAAPL, MSFT, GOOG, JPM, LLY
Q3 2025 340$344.5MMSFT, AAPL, GOOG, JPM, LLY
Q2 2025 345$365.6MMSFT, AAPL, JPM, GOOG, LLY
Q1 2025 345$416.0MAAPL, MSFT, JPM, GOOG, FIDELITY CASH FUND
Q4 2024 360$478.4MAAPL, MSFT, JPM, GOOG, FIDELITY CASH FUND
Q3 2024 361$517.3MAAPL, MSFT, JPM, GOOG, UNH
Q2 2024 362$500.2MMSFT, AAPL, GOOG, JPM, LLY
Q1 2024 354$558.1MMSFT, AAPL, JPM, GOOG, LLY