Drum Hill Capital, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Drum Hill Capital, LLC reported 48 stock positions worth $93.8 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 14.7% of the portfolio, followed by Newmont (NEM, 8.3%) and Ericsson (lm) Tel-SP ADR (ERIC, 7.0%). Compared with Q3 2025, it opened 3 new positions, sold out of 1, added to 8 and reduced 18. The biggest buy was a new position in Totalenergies (TTE) and the biggest sale Borgwarner (BWA, shares −17%).

Most Recent 13F
Q2 2026
Location
WESTPORT, CT
CIK
0002054679
Portfolio Value
$93.8M (Q4 2025)
SEC Filing
0001754960-26-000111 ↗ filed Jan 26, 2026

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 Q3 2025 Q4 2025: $93.8M $93.8M Q4 2025 Q1 2026: $105.9M Q1 2026 Q2 2026: $95.7M Q2 2026

Holdings 48 stocks · $93.8M
VGSH Vanguard Short-Term Treasury 14.74% 235,412 $13.8M Add +1.8%
NEM Newmont Corp. 8.33% 78,228 $7.8M Reduce -1.8%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 6.97% 677,559 $6.5M Reduce -5.0%
PFIX Simplify Interest Rate Hedge 5.83% 114,046 $5.5M Add +1.7%
GDX Vaneck Gold Miners ETF 5.29% 57,845 $5.0M Reduce -0.4%
BWA Borgwarner Inc. 4.89% 101,688 $4.6M Reduce -16.9%
SHEL Shell PLC-ADR 4.65% 59,342 $4.4M Add +1.3%
VZ Verizon Communications Inc. 4.36% 100,465 $4.1M Reduce -3.7%
EQNR Equinor ASA-Spon ADR 4.27% 169,584 $4.0M Reduce -3.3%
TTE Totalenergies SE 4.27% 61,150 $4.0M New
BRK.B Berkshire Hathaway Inc. Class B 4.08% 7,618 $3.8M Add +0.2%
QCOM Qualcomm Inc. 2.74% 15,001 $2.6M Reduce -0.2%
TEX Terex Corp. 2.74% 48,067 $2.6M Add +0.6%
VET Vermilion Energy Inc. 2.33% 261,583 $2.2M Reduce -15.6%
MSFT Microsoft Corp. 2.27% 4,405 $2.1M Reduce -3.4%
NXPI NXP Semiconductors NV 2.11% 9,107 $2.0M Reduce -0.3%
TELFY Telefonica SA-Spon ADR 2.03% 470,759 $1.9M Reduce -1.5%
PBR Petroleo Brasileiro-Spon ADR 1.66% 131,646 $1.6M Reduce -0.9%
CLFD Clearfield Inc. 1.55% 49,912 $1.5M Add +1.4%
XOM Exxon Mobil Corp. 1.40% 10,914 $1.3M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.32% 4,168 $1.2M Reduce -1.6%
SWKS Skyworks Solutions Inc. 1.24% 18,387 $1.2M Reduce -12.7%
AAPL Apple Inc. 1.00% 3,455 $939K Reduce -5.0%
IEUS iShares MSCI Europe Small-Ca 0.90% 12,253 $840K Add +6.5%
JPM JPMorgan Chase & Co. 0.81% 2,351 $758K Add +5.7%
UNP Union Pacific Corp. 0.73% 2,960 $685K No change
GWW WW Grainger Inc. 0.67% 625 $631K No change
ALB Albemarle Corp. 0.59% 3,910 $553K Reduce -74.3%
GE General Electric filed as GE AEROSPACE 0.56% 1,718 $529K No change
CAT Caterpillar Inc. 0.46% 755 $433K No change
TMO Thermo Fisher Scientific Inc. 0.40% 650 $377K No change
PM Philip Morris International 0.40% 2,344 $376K No change
IJH iShares Core S&P Midcap ETF 0.38% 5,375 $355K No change
GLW Corning Inc. 0.34% 3,667 $321K No change
STRL Sterling Infrastructure Inc. 0.33% 1,000 $306K Reduce -36.7%
IJR iShares Core S&P Small-Cap E 0.32% 2,465 $296K No change
PEP Pepsico Inc. 0.31% 2,010 $288K No change
CBU Community Financial System I 0.29% 4,718 $271K No change
ABBV Abbvie Inc. 0.27% 1,127 $258K No change
GEV GE Vernova Inc. 0.26% 377 $246K Reduce -12.1%
CSCO Cisco Systems Inc. 0.26% 3,131 $241K No change
REGN Regeneron Pharmaceuticals 0.25% 300 $232K New
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 334 $228K No change
PFE Pfizer Inc. 0.24% 9,147 $228K No change
SPXC SPX Technologies Inc. 0.24% 1,120 $224K New
KO The Coca-Cola Co. 0.23% 3,125 $218K No change
TXN Texas Instruments Inc. 0.22% 1,200 $208K No change
MO Altria Group Inc. 0.22% 3,533 $204K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.5M (not counted above)
SecurityClassShares / PrincipalValueChange
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 41,605$2.5MReduce -9.5%

Total filed on the 13F, all lines: $96.2M.

Portfolio Sells Q3 2025 → Q4 2025
BWA Borgwarner Inc. Reduce -16.9% 4.89% −1.05
ALB Albemarle Corp. Reduce -74.3% 0.59% −0.77
VZ Verizon Communications Inc. Reduce -3.7% 4.36% −0.69
TELFY Telefonica SA-Spon ADR Reduce -1.5% 2.03% −0.65
SWKS Skyworks Solutions Inc. Reduce -12.7% 1.24% −0.55
EQNR Equinor ASA-Spon ADR Reduce -3.3% 4.27% −0.44
VET Vermilion Energy Inc. Reduce -15.6% 2.33% −0.35
MSFT Microsoft Corp. Reduce -3.4% 2.27% −0.33
CL Colgate-Palmolive Co. Sold out 0.00% −0.30
STRL Sterling Infrastructure Inc. Reduce -36.7% 0.33% −0.27
PBR Petroleo Brasileiro-Spon ADR Reduce -0.9% 1.66% −0.19
NXPI NXP Semiconductors NV Reduce -0.3% 2.11% −0.19
GEV GE Vernova Inc. Reduce -12.1% 0.26% −0.03
QCOM Qualcomm Inc. Reduce -0.2% 2.74% −0.02
AAPL Apple Inc. Reduce -5.0% 1.00% −0.02
IBM Intl Business Machines Corp. Reduce -1.6% 1.32% −0.00
GDX Vaneck Gold Miners ETF Reduce -0.4% 5.29% +0.40
ERIC Ericsson (lm) Tel-SP ADR Reduce -5.0% 6.97% +0.46
NEM Newmont Corp. Reduce -1.8% 8.33% +0.92

Portfolio Buys Q3 2025 → Q4 2025
TTE Totalenergies SE New 4.27% +4.27
REGN Regeneron Pharmaceuticals New 0.25% +0.25
SPXC SPX Technologies Inc. New 0.24% +0.24
IEUS iShares MSCI Europe Small-Ca Add +6.5% 0.90% +0.04
JPM JPMorgan Chase & Co. Add +5.7% 0.81% +0.03
TEX Terex Corp. Add +0.6% 2.74% +0.03
SHEL Shell PLC-ADR Add +1.3% 4.65% +0.03
PFIX Simplify Interest Rate Hedge Add +1.7% 5.83% −0.13
BRK.B Berkshire Hathaway Inc. Class B Add +0.2% 4.08% −0.13
VGSH Vanguard Short-Term Treasury Add +1.8% 14.74% −0.27
CLFD Clearfield Inc. Add +1.4% 1.55% −0.31

Notes & Other Activity Q3 2025 → Q4 2025
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Reduce -9.5% 41,605 $2.5M

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