Distillate Capital Partners LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Distillate Capital Partners LLC reported 119 stock positions worth $1.9 billion. Its top holding was Abbvie (ABBV) at 2.7% of the portfolio, followed by Johnson & Johnson (JNJ, 2.7%) and Merck (MRK, 2.4%). Compared with Q2 2025, it opened 29 new positions, sold out of 27, added to 16 and reduced 74. The biggest buy was a new position in Accenture Class A (ACN) and the biggest sale an exit from Unitedhealth (UNH).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001741001
Portfolio Value
$1.9B (Q3 2025)
SEC Filing
0001741001-25-000010 ↗ filed Nov 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $595K Q1 2024 Q2 2024: $1.9B Q2 2024 Q3 2024: $2.0B Q3 2024 Q4 2024: $2.0B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $1.9B Q2 2025 Q3 2025: $1.9B $1.9B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $1.9B Q2 2026

Holdings 119 stocks · $1.9B
ABBV Abbvie Inc. 2.72% 226,321 $52.4M Reduce -1.3%
JNJ Johnson & Johnson 2.69% 279,917 $51.9M Reduce -1.3%
MRK Merck & Co. Inc. 2.43% 557,983 $46.8M Reduce -1.3%
TMUS T-Mobile US Inc. 2.32% 186,642 $44.7M Add +20.1%
CSCO Cisco Systems Inc. 2.06% 580,778 $39.7M Add +24.3%
PG The Procter & Gamble Co. 2.04% 255,447 $39.3M Add +12.9%
CMCSA Comcast Corp. Class A 1.99% 1,230,956 $38.3M Add +32.6%
CRM Salesforce Inc. 1.73% 140,961 $33.4M Add +35.9%
CI The Cigna Group 1.62% 108,676 $31.3M Add +19.1%
QCOM Qualcomm Inc. 1.62% 188,114 $31.3M Reduce -1.4%
ACN Accenture PLC Class A 1.49% 116,673 $28.8M New
BKNG Booking Holdings Inc. 1.44% 5,126 $27.7M Reduce -1.3%
MO Altria Group Inc. 1.42% 413,572 $27.3M Reduce -1.5%
ADBE Adobe Inc. 1.41% 77,261 $27.3M Add +23.2%
AMGN Amgen Inc. 1.32% 90,034 $25.4M Reduce -1.2%
LMT Lockheed Martin Corp. 1.31% 50,673 $25.3M Reduce -1.9%
LOW Lowe's Cos Inc. 1.31% 100,324 $25.2M Reduce -1.3%
UBER Uber Technologies Inc. 1.28% 252,804 $24.8M Reduce -1.8%
ELV Elevance Health Inc. 1.28% 76,502 $24.7M Add +31.9%
UNP Union Pacific Corp. 1.27% 103,949 $24.6M New
MCK McKesson Corp. 1.25% 31,141 $24.1M Reduce -1.4%
HCA HCA Healthcare Inc. 1.20% 54,117 $23.1M Reduce -1.3%
FISV Fiserv Inc. 1.18% 176,125 $22.7M Add +57.8%
ADP Automatic Data Processing 1.13% 73,927 $21.7M New
PYPL PayPal Holdings Inc. 1.10% 315,732 $21.2M Reduce -1.4%
REGN Regeneron Pharmaceuticals 1.08% 37,112 $20.9M Add +32.6%
MRSH Marsh & McLennan Cos 1.08% 103,284 $20.8M New
GD General Dynamics Corp. 1.06% 59,714 $20.4M Reduce -20.3%
MPC Marathon Petroleum Corp. 1.05% 104,731 $20.2M Reduce -18.2%
PHM Pultegroup Inc. 1.00% 145,651 $19.3M Reduce -1.4%
FDX FedEx Corp. 1.00% 81,524 $19.2M New
KR Kroger Co. 0.98% 281,018 $19.0M Reduce -1.3%
CAH Cardinal Health Inc. 0.97% 119,114 $18.6M New
FANG Diamondback Energy Inc. 0.96% 129,586 $18.6M Reduce -1.5%
TGT Target Corp. 0.95% 204,314 $18.3M New
CBOE Cboe Global Markets Inc. 0.94% 73,826 $18.1M Reduce -1.3%
CL Colgate-Palmolive Co. 0.92% 222,643 $17.8M New
BDX Becton Dickinson and Co. 0.92% 94,987 $17.8M Reduce -1.3%
PCAR Paccar Inc. 0.92% 180,048 $17.7M Reduce -1.9%
MPLX MPLX LP 0.92% 353,730 $17.7M Reduce -1.4%
RGLD Royal Gold Inc. 0.90% 86,744 $17.4M Reduce -1.3%
SYY Sysco Corp. 0.90% 211,401 $17.4M Reduce -1.2%
SSNC Ss&c Technologies Holdings 0.89% 194,030 $17.2M Reduce -1.8%
FFIV F5 Inc. 0.89% 53,201 $17.2M Reduce -1.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.88% 54,634 $16.9M Reduce -1.3%
ROP Roper Technologies Inc. 0.88% 33,898 $16.9M New
EME Emcor Group Inc. 0.87% 25,899 $16.8M Reduce -1.8%
BLD Topbuild Corp. 0.87% 42,803 $16.7M Reduce -1.3%
ABNB Airbnb Inc. Class A 0.86% 136,764 $16.6M Reduce -1.3%
COR Cencora Inc. 0.85% 52,365 $16.4M Reduce -1.4%
BRO Brown & Brown Inc. 0.85% 174,232 $16.3M New
TXT Textron Inc. 0.85% 193,161 $16.3M Reduce -1.9%
AME Ametek Inc. 0.82% 83,848 $15.8M New
WAB Wabtec Corp. 0.81% 78,262 $15.7M New
CROX Crocs Inc. 0.81% 186,216 $15.6M Add +55.4%
UHS Universal Health Services-B 0.80% 75,865 $15.5M Reduce -1.3%
GDDY GoDaddy Inc. Class A 0.80% 112,037 $15.3M Add +49.0%
SNA Snap-on Inc. 0.79% 44,116 $15.3M Reduce -1.9%
NVR NVR Inc. 0.79% 1,899 $15.3M Reduce -1.4%
IT Gartner Inc. 0.79% 57,957 $15.2M New
TOL Toll Brothers Inc. 0.79% 109,873 $15.2M Reduce -1.4%
SW Smurfit Westrock PLC 0.78% 352,377 $15.0M New
JBHT Hunt (jb) Transprt SVCS Inc. 0.77% 110,978 $14.9M New
OMC Omnicom Group 0.76% 180,764 $14.7M Reduce -1.4%
WSM Williams-Sonoma Inc. 0.76% 75,312 $14.7M Reduce -1.4%
JAZZ Jazz Pharmaceuticals PLC 0.76% 111,383 $14.7M Add +3.3%
NTAP Netapp Inc. 0.75% 121,793 $14.4M Reduce -1.3%
CHD Church & Dwight Co. Inc. 0.75% 164,469 $14.4M New
RS Reliance Inc. 0.75% 51,282 $14.4M Reduce -1.3%
JBL Jabil Inc. 0.75% 66,220 $14.4M Reduce -1.2%
FDS Factset Research Systems Inc. 0.74% 49,789 $14.3M New
LII Lennox International Inc. 0.73% 26,489 $14.0M New
AOS Smith (a.o.) Corp. 0.73% 190,849 $14.0M Reduce -1.8%
CACI Caci International Inc. Class A 0.73% 28,086 $14.0M New
WAT Waters Corp. 0.72% 46,570 $14.0M New
ALGN Align Technology Inc. 0.72% 111,224 $13.9M Add +74.6%
CTRA Coterra Energy Inc. 0.72% 587,526 $13.9M Reduce -1.4%
AYI Acuity Inc. 0.72% 40,212 $13.8M New
PR Permian Resources Corp. Class A 0.71% 1,068,984 $13.7M Reduce -1.4%
FTI Technipfmc PLC 0.71% 346,256 $13.7M Reduce -26.7%
ZM Zoom Communications Inc. 0.71% 164,815 $13.6M Reduce -1.3%
CTSH Cognizant Tech Solutions-A 0.70% 201,058 $13.5M Reduce -1.4%
PKG Packaging Corp. of America 0.70% 61,551 $13.4M Reduce -1.4%
DBX Dropbox Inc. Class A 0.69% 441,459 $13.3M Reduce -1.3%
AIT Applied Industrial Tech Inc. 0.69% 50,877 $13.3M New
NBIX Neurocrine Biosciences Inc. 0.69% 94,416 $13.3M Reduce -22.4%
ON On Semiconductor 0.68% 267,683 $13.2M Reduce -1.4%
MAS Masco Corp. 0.67% 184,292 $13.0M Reduce -1.8%
DOX Amdocs Ltd. 0.67% 156,587 $12.8M Add +4.5%
CDW CDW Corp. 0.65% 79,160 $12.6M Reduce -1.2%
CPAY Corpay Inc. 0.64% 42,490 $12.2M Reduce -1.3%
AVY Avery Dennison Corp. 0.62% 73,509 $11.9M Reduce -1.3%
DECK Deckers Outdoor Corp. 0.62% 116,943 $11.9M Reduce -1.4%
ICLR Icon PLC 0.61% 67,538 $11.8M Add +3.6%
BLDR Builders Firstsource Inc. 0.61% 97,019 $11.8M Reduce -1.9%
OC Owens Corning 0.61% 82,555 $11.7M Reduce -1.8%
CCK Crown Holdings Inc. 0.60% 119,785 $11.6M Reduce -1.3%
LKQ LKQ Corp. 0.60% 377,538 $11.5M Reduce -1.3%
EPAM Epam Systems Inc. 0.59% 75,719 $11.4M Reduce -1.3%
IEX Idex Corp. 0.59% 70,045 $11.4M Reduce -1.8%
OVV Ovintiv Inc. 0.00% 1 $525 Reduce -91.7%
AR Antero Resources Corp. 0.00% 1 $503 New
IPG Interpublic Group of Cos Inc. 0.00% 1 $447 New
SWKS Skyworks Solutions Inc. 0.00% 1 $385 Reduce -75.0%
APA Apa Corp. 0.00% 1 $364 Reduce -94.4%
BWA Borgwarner Inc. 0.00% 1 $352 Reduce -85.7%
RRC Range Resources Corp. 0.00% 1 $339 Reduce -83.3%
PPC Pilgrim's Pride Corp. 0.00% 1 $326 New
BBWI Bath & Body Works Inc. 0.00% 1 $309 Reduce -88.9%
CIVI Civitas Resources Inc. 0.00% 1 $293 Reduce -87.5%
MOS The Mosaic Co. 0.00% 1 $277 Reduce -85.7%
WFRD Weatherford International PL 0.00% 1 $274 Reduce -75.0%
GAP The Gap Inc. 0.00% 1 $235 New
G Genpact Ltd. 0.00% 1 $209 New
DXC DXC Technology Co. 0.00% 1 $204 Reduce -92.3%
SFD Smithfield Foods Inc. 0.00% 1 $188 New
MAT Mattel Inc. 0.00% 1 $185 Reduce -87.5%
ETSY Etsy Inc. 0.00% 1 $133 Reduce -66.7%
DINO HF Sinclair Corp. 0.00% 1 $105 New

Portfolio Sells Q2 2025 → Q3 2025
UNH Unitedhealth Group Inc. Sold out 0.00% −2.40
BLK BlackRock Inc. Sold out 0.00% −1.33
PEP Pepsico Inc. Sold out 0.00% −1.32
AMAT Applied Materials Inc. Sold out 0.00% −1.16
EPD Enterprise Products Partners Sold out 0.00% −1.15
LRCX Lam Research Corp. Sold out 0.00% −1.05
TEL Te Connectivity PLC Sold out 0.00% −1.00
FOXA Fox Corp. Class A Sold out 0.00% −0.93
DGX Quest Diagnostics Inc. Sold out 0.00% −0.90
CRH CRH PLC Sold out 0.00% −0.86
FIX Comfort Systems USA Inc. Sold out 0.00% −0.86
USFD US Foods Holding Corp. Sold out 0.00% −0.86
STLD Steel Dynamics Inc. Sold out 0.00% −0.86
TDY Teledyne Technologies Inc. Sold out 0.00% −0.84
GPN Global Payments Inc. Sold out 0.00% −0.82
LECO Lincoln Electric Holdings Sold out 0.00% −0.79
HRL Hormel Foods Corp. Sold out 0.00% −0.76
ROST Ross Stores Inc. Sold out 0.00% −0.75
NDSN Nordson Corp. Sold out 0.00% −0.75
ALLE Allegion PLC Sold out 0.00% −0.74
GPC Genuine Parts Co. Sold out 0.00% −0.69
FTV Fortive Corp. Sold out 0.00% −0.53
PYPL PayPal Holdings Inc. Reduce -1.4% 1.10% −0.18
BKNG Booking Holdings Inc. Reduce -1.3% 1.44% −0.18
RAL Ralliant Corp. Sold out 0.00% −0.16
FTI Technipfmc PLC Reduce -26.7% 0.71% −0.16
LKQ LKQ Corp. Reduce -1.3% 0.60% −0.16
CTSH Cognizant Tech Solutions-A Reduce -1.4% 0.70% −0.15
EPAM Epam Systems Inc. Reduce -1.3% 0.59% −0.13
NBIX Neurocrine Biosciences Inc. Reduce -22.4% 0.69% −0.13
CPAY Corpay Inc. Reduce -1.3% 0.64% −0.13
RS Reliance Inc. Reduce -1.3% 0.75% −0.13
ABNB Airbnb Inc. Class A Reduce -1.3% 0.86% −0.12
GD General Dynamics Corp. Reduce -20.3% 1.06% −0.11
CDW CDW Corp. Reduce -1.2% 0.65% −0.11
KR Kroger Co. Reduce -1.3% 0.98% −0.11
MPC Marathon Petroleum Corp. Reduce -18.2% 1.05% −0.09
CTRA Coterra Energy Inc. Reduce -1.4% 0.72% −0.09
PR Permian Resources Corp. Class A Reduce -1.4% 0.71% −0.08
AVY Avery Dennison Corp. Reduce -1.3% 0.62% −0.08
IEX Idex Corp. Reduce -1.8% 0.59% −0.08
ON On Semiconductor Reduce -1.4% 0.68% −0.08
MPLX MPLX LP Reduce -1.4% 0.92% −0.07
AJG Arthur J Gallagher & Co. Reduce -1.3% 0.88% −0.07
CCK Crown Holdings Inc. Reduce -1.3% 0.60% −0.07
AMGN Amgen Inc. Reduce -1.2% 1.32% −0.05
DECK Deckers Outdoor Corp. Reduce -1.4% 0.62% −0.04
JBL Jabil Inc. Reduce -1.2% 0.75% −0.04
PCAR Paccar Inc. Reduce -1.9% 0.92% −0.02
OC Owens Corning Reduce -1.8% 0.61% −0.01

Portfolio Buys Q2 2025 → Q3 2025
ACN Accenture PLC Class A New 1.49% +1.49
UNP Union Pacific Corp. New 1.27% +1.27
ADP Automatic Data Processing New 1.13% +1.13
MRSH Marsh & McLennan Cos New 1.08% +1.08
FDX FedEx Corp. New 1.00% +1.00
CAH Cardinal Health Inc. New 0.97% +0.97
TGT Target Corp. New 0.95% +0.95
CL Colgate-Palmolive Co. New 0.92% +0.92
ROP Roper Technologies Inc. New 0.88% +0.88
BRO Brown & Brown Inc. New 0.85% +0.85
AME Ametek Inc. New 0.82% +0.82
WAB Wabtec Corp. New 0.81% +0.81
IT Gartner Inc. New 0.79% +0.79
SW Smurfit Westrock PLC New 0.78% +0.78
JBHT Hunt (jb) Transprt SVCS Inc. New 0.77% +0.77
CHD Church & Dwight Co. Inc. New 0.75% +0.75
FDS Factset Research Systems Inc. New 0.74% +0.74
LII Lennox International Inc. New 0.73% +0.73
CACI Caci International Inc. Class A New 0.73% +0.73
WAT Waters Corp. New 0.72% +0.72
AYI Acuity Inc. New 0.72% +0.72
AIT Applied Industrial Tech Inc. New 0.69% +0.69
TMUS T-Mobile US Inc. Add +20.1% 2.32% +0.33
CSCO Cisco Systems Inc. Add +24.3% 2.06% +0.32
REGN Regeneron Pharmaceuticals Add +32.6% 1.08% +0.30
CRM Salesforce Inc. Add +35.9% 1.73% +0.22
CMCSA Comcast Corp. Class A Add +32.6% 1.99% +0.21
CROX Crocs Inc. Add +55.4% 0.81% +0.16
JAZZ Jazz Pharmaceuticals PLC Add +3.3% 0.76% +0.15
FISV Fiserv Inc. Add +57.8% 1.18% +0.15
ADBE Adobe Inc. Add +23.2% 1.41% +0.11
ICLR Icon PLC Add +3.6% 0.61% +0.11
PG The Procter & Gamble Co. Add +12.9% 2.04% +0.10
ALGN Align Technology Inc. Add +74.6% 0.72% +0.08
ELV Elevance Health Inc. Add +31.9% 1.28% +0.07
GDDY GoDaddy Inc. Class A Add +49.0% 0.80% +0.07
CI The Cigna Group Add +19.1% 1.62% +0.01
AR Antero Resources Corp. New 0.00% 0.00
GAP The Gap Inc. New 0.00% 0.00
DINO HF Sinclair Corp. New 0.00% 0.00
IPG Interpublic Group of Cos Inc. New 0.00% 0.00
PPC Pilgrim's Pride Corp. New 0.00% 0.00
SFD Smithfield Foods Inc. New 0.00% 0.00
G Genpact Ltd. New 0.00% 0.00
DOX Amdocs Ltd. Add +4.5% 0.67% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 118$1.9BMRK, CRM, CMCSA, ABBV, UBER
Q1 2026 118$1.9BABBV, MRK, CRM, TMUS, UBER
Q4 2025 116$1.9BABBV, MRK, TMUS, PG, JNJ
Q3 2025 119$1.9BABBV, JNJ, MRK, TMUS, CSCO
Q2 2025 117$1.9BUNH, MRK, JNJ, ABBV, TMUS
Q1 2025 119$2.0BUNH, MRK, ABBV, JNJ, PG
Q4 2024 118$2.0BUNH, ABBV, JNJ, TMUS, PG
Q3 2024 64$2.0BJNJ, AMGN, UNH, CI, ELV
Q2 2024 104$1.9BUNH, JNJ, ABBV, TMUS, CMCSA
Q1 2024 41$595KWSM, BLDR, PCAR, CRH, FANG