Drum Hill Capital, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Drum Hill Capital, LLC reported 46 stock positions worth $90.7 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 15.0% of the portfolio, followed by Newmont (NEM, 7.4%) and Ericsson (lm) Tel-SP ADR (ERIC, 6.5%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 10 and reduced 8. The biggest buy was a new position in Corning (GLW) and the biggest sale an exit from Totalenergies SE -Spon ADR (TTE).

Most Recent 13F
Q2 2026
Location
WESTPORT, CT
CIK
0002054679
Portfolio Value
$90.7M (Q3 2025)
SEC Filing
0001754960-25-000663 ↗ filed Oct 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q4 2024: $79.4M Q4 2024 Q1 2025: $84.8M Q1 2025 Q2 2025: $89.0M Q2 2025 Q3 2025: $90.7M $90.7M Q3 2025 Q4 2025: $93.8M Q4 2025 Q1 2026: $105.9M Q1 2026 Q2 2026: $95.7M Q2 2026

Holdings 46 stocks · $90.7M
VGSH Vanguard Short-Term Treasury 15.01% 231,279 $13.6M Add +0.7%
NEM Newmont Corp. 7.41% 79,644 $6.7M Reduce -0.0%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 6.51% 713,602 $5.9M Add +0.1%
PFIX Simplify Interest Rate Hedge 5.96% 112,121 $5.4M Add +1.6%
BWA Borgwarner Inc. 5.94% 122,427 $5.4M Reduce -0.1%
VZ Verizon Communications Inc. 5.06% 104,329 $4.6M Reduce -0.4%
GDX Vaneck Gold Miners ETF 4.89% 58,080 $4.4M No change
EQNR Equinor ASA-Spon ADR 4.72% 175,368 $4.3M Add +0.4%
SHEL Shell PLC-ADR 4.62% 58,567 $4.2M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 4.22% 7,603 $3.8M Add +0.2%
QCOM Qualcomm Inc. 2.76% 15,036 $2.5M No change
TEX Terex Corp. 2.70% 47,789 $2.5M No change
TELFY Telefonica SA-Spon ADR 2.68% 478,049 $2.4M Reduce -0.4%
VET Vermilion Energy Inc. 2.67% 310,043 $2.4M Add +0.6%
MSFT Microsoft Corp. 2.61% 4,560 $2.4M Reduce -1.1%
NXPI NXP Semiconductors NV 2.30% 9,139 $2.1M No change
CLFD Clearfield Inc. 1.87% 49,199 $1.7M Add +0.1%
PBR Petroleo Brasileiro-Spon ADR 1.86% 132,914 $1.7M Add +0.7%
SWKS Skyworks Solutions Inc. 1.79% 21,063 $1.6M No change
ALB Albemarle Corp. 1.36% 15,185 $1.2M No change
XOM Exxon Mobil Corp. 1.36% 10,914 $1.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.32% 4,235 $1.2M No change
AAPL Apple Inc. 1.02% 3,635 $926K Reduce -10.8%
IEUS iShares MSCI Europe Small-Ca 0.85% 11,503 $775K No change
JPM JPMorgan Chase & Co. 0.77% 2,224 $702K Reduce -2.3%
UNP Union Pacific Corp. 0.77% 2,960 $700K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.66% 625 $596K No change
STRL Sterling Infrastructure Inc. 0.59% 1,580 $537K No change
GE General Electric filed as GE AEROSPACE 0.57% 1,718 $517K No change
PM Philip Morris International 0.42% 2,344 $380K No change
CAT Caterpillar Inc. 0.40% 755 $360K No change
IJH iShares Core S&P Midcap ETF 0.39% 5,375 $351K No change
TMO Thermo Fisher Scientific Inc. 0.35% 650 $315K Reduce -1.2%
GLW Corning Inc. 0.33% 3,667 $301K New
IJR iShares Core S&P Small-Cap E 0.32% 2,465 $293K No change
PEP Pepsico Inc. 0.31% 2,010 $282K No change
CBU Community Financial System I 0.31% 4,718 $277K No change
CL Colgate-Palmolive Co. 0.30% 3,389 $271K No change
GEV GE Vernova Inc. 0.29% 429 $264K No change
ABBV Abbvie Inc. 0.29% 1,127 $261K No change
MO Altria Group Inc. 0.26% 3,533 $233K Add +0.3%
PFE Pfizer Inc. 0.26% 9,147 $233K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 334 $223K No change
TXN Texas Instruments Inc. 0.24% 1,200 $220K No change
CSCO Cisco Systems Inc. 0.24% 3,131 $214K No change
KO The Coca-Cola Co. 0.23% 3,125 $207K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
SecurityClassShares / PrincipalValueChange
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 45,984$1.7MAdd +0.9%

Total filed on the 13F, all lines: $92.4M.

Portfolio Sells Q2 2025 → Q3 2025
TTE Totalenergies SE -Spon ADR Sold out 0.00% −4.17
GMS GMS Inc. Sold out 0.00% −0.26
LNTH Lantheus Holdings Inc. Sold out 0.00% −0.23
TELFY Telefonica SA-Spon ADR Reduce -0.4% 2.68% −0.14
VZ Verizon Communications Inc. Reduce -0.4% 5.06% −0.03
MSFT Microsoft Corp. Reduce -1.1% 2.61% +0.03
JPM JPMorgan Chase & Co. Reduce -2.3% 0.77% +0.03
TMO Thermo Fisher Scientific Inc. Reduce -1.2% 0.35% +0.05
AAPL Apple Inc. Reduce -10.8% 1.02% +0.08
BWA Borgwarner Inc. Reduce -0.1% 5.94% +1.33
NEM Newmont Corp. Reduce -0.0% 7.41% +2.19

Portfolio Buys Q2 2025 → Q3 2025
GLW Corning Inc. New 0.33% +0.33
VET Vermilion Energy Inc. Add +0.6% 2.67% +0.15
BRK.B Berkshire Hathaway Inc. Class B Add +0.2% 4.22% +0.07
MO Altria Group Inc. Add +0.3% 0.26% +0.03
SHEL Shell PLC-ADR Add +0.5% 4.62% +0.01
PBR Petroleo Brasileiro-Spon ADR Add +0.7% 1.86% −0.00
VGSH Vanguard Short-Term Treasury Add +0.7% 15.01% −0.16
EQNR Equinor ASA-Spon ADR Add +0.4% 4.72% −0.22
ERIC Ericsson (lm) Tel-SP ADR Add +0.1% 6.51% −0.28
CLFD Clearfield Inc. Add +0.1% 1.87% −0.53
PFIX Simplify Interest Rate Hedge Add +1.6% 5.96% −0.59

Notes & Other Activity Q2 2025 → Q3 2025
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +0.9% 45,984 $1.7M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 44$95.7MVGSH, NEM, BWA, PFIX, EQNR
Q1 2026 45$105.9MVGSH, NEM, ERIC, EQNR, PFIX
Q4 2025 48$93.8MVGSH, NEM, ERIC, PFIX, GDX
Q3 2025 46$90.7MVGSH, NEM, ERIC, PFIX, BWA
Q2 2025 48$89.0MVGSH, ERIC, PFIX, NEM, VZ
Q1 2025 45$84.8MVGSH, ERIC, PFIX, VZ, EQNR
Q4 2024 43$79.4MVGSH, ERIC, PFIX, VZ, EQNR