Drum Hill Capital, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Drum Hill Capital, LLC reported 45 stock positions worth $105.9 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 14.1% of the portfolio, followed by Newmont (NEM, 8.2%) and Ericsson (lm) Tel-SP ADR (ERIC, 7.1%). Compared with Q4 2025, it opened 1 new position, sold out of 4, added to 12 and reduced 12. The biggest buy was Equinor ASA-Spon ADR (EQNR, shares +4%) and the biggest sale an exit from Telefonica SA-Spon ADR (TELFY).

Most Recent 13F
Q2 2026
Location
WESTPORT, CT
CIK
0002054679
Portfolio Value
$105.9M (Q1 2026)
SEC Filing
0001754960-26-000285 ↗ filed Apr 21, 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 Q4 2025 Q1 2026: $105.9M $105.9M Q1 2026 Q2 2026: $95.7M Q2 2026

Holdings 45 stocks · $105.9M
VGSH Vanguard Short-Term Treasury 14.10% 255,127 $14.9M Add +8.4%
NEM Newmont Corp. 8.23% 80,460 $8.7M Add +2.9%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 7.10% 666,951 $7.5M Reduce -1.6%
EQNR Equinor ASA-Spon ADR 7.00% 175,593 $7.4M Add +3.5%
PFIX Simplify Interest Rate Hedge 6.27% 143,638 $6.6M Add +25.9%
GDX Vaneck Gold Miners ETF 5.61% 64,748 $5.9M Add +11.9%
SHEL Shell PLC-ADR 5.13% 58,378 $5.4M Reduce -1.6%
BWA Borgwarner Inc. 5.12% 99,964 $5.4M Reduce -1.7%
VET Vermilion Energy Inc. 4.81% 369,711 $5.1M Add +41.3%
VZ Verizon Communications Inc. 4.54% 95,680 $4.8M Reduce -4.8%
TTE Totalenergies SE 3.66% 42,628 $3.9M Reduce -30.3%
BRK.B Berkshire Hathaway Inc. Class B 3.47% 7,676 $3.7M Add +0.8%
XOM Exxon Mobil Corp. 2.85% 17,796 $3.0M Add +63.1%
TEX Terex Corp. 2.72% 48,666 $2.9M Add +1.3%
PBR Petroleo Brasileiro-Spon ADR 2.59% 132,360 $2.7M Add +0.5%
QCOM Qualcomm Inc. 1.87% 15,346 $2.0M Add +2.3%
NXPI NXP Semiconductors NV 1.69% 9,096 $1.8M Reduce -0.1%
MSFT Microsoft Corp. 1.54% 4,405 $1.6M No change
CLFD Clearfield Inc. 1.28% 51,276 $1.4M Add +2.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.95% 4,168 $1.0M No change
AAPL Apple Inc. 0.83% 3,455 $877K No change
JPM JPMorgan Chase & Co. 0.65% 2,351 $692K No change
GWW WW Grainger Inc. 0.64% 625 $682K No change
ALB Albemarle Corp. 0.62% 3,655 $656K Reduce -6.5%
IEUS iShares MSCI Europe Small-Ca 0.57% 9,097 $603K Reduce -25.8%
UNP Union Pacific Corp. 0.53% 2,305 $559K Reduce -22.1%
CAT Caterpillar Inc. 0.51% 755 $535K No change
GLW Corning Inc. 0.47% 3,667 $499K No change
GE General Electric filed as GE AEROSPACE 0.46% 1,718 $488K No change
PM Philip Morris International 0.37% 2,344 $388K No change
IJH iShares Core S&P Midcap ETF 0.34% 5,375 $363K No change
GEV GE Vernova Inc. 0.31% 377 $329K No change
TMO Thermo Fisher Scientific Inc. 0.30% 650 $319K No change
PEP Pepsico Inc. 0.29% 2,010 $312K No change
IJR iShares Core S&P Small-Cap E 0.29% 2,465 $306K No change
STRL Sterling Infrastructure Inc. 0.28% 723 $294K Reduce -27.7%
CBU Community Financial System I 0.26% 4,718 $277K No change
ABBV Abbvie Inc. 0.23% 1,127 $245K No change
CSCO Cisco Systems Inc. 0.23% 3,106 $241K Reduce -0.8%
KO The Coca-Cola Co. 0.22% 3,070 $233K Reduce -1.8%
TXN Texas Instruments Inc. 0.22% 1,200 $233K No change
REGN Regeneron Pharmaceuticals 0.22% 300 $232K No change
SPXC SPX Technologies Inc. 0.21% 1,120 $224K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.21% 334 $217K No change
JNJ Johnson & Johnson 0.20% 878 $215K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $3.0M (not counted above)
SecurityClassShares / PrincipalValueChange
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 41,705$3.0MAdd +0.2%

Total filed on the 13F, all lines: $108.9M.

Portfolio Sells Q4 2025 → Q1 2026
TELFY Telefonica SA-Spon ADR Sold out 0.00% −2.03
SWKS Skyworks Solutions Inc. Sold out 0.00% −1.24
TTE Totalenergies SE Reduce -30.3% 3.66% −0.60
NXPI NXP Semiconductors NV Reduce -0.1% 1.69% −0.42
IEUS iShares MSCI Europe Small-Ca Reduce -25.8% 0.57% −0.33
PFE Pfizer Inc. Sold out 0.00% −0.24
MO Altria Group Inc. Sold out 0.00% −0.22
UNP Union Pacific Corp. Reduce -22.1% 0.53% −0.20
STRL Sterling Infrastructure Inc. Reduce -27.7% 0.28% −0.05
CSCO Cisco Systems Inc. Reduce -0.8% 0.23% −0.03
KO The Coca-Cola Co. Reduce -1.8% 0.22% −0.01
ALB Albemarle Corp. Reduce -6.5% 0.62% +0.03
ERIC Ericsson (lm) Tel-SP ADR Reduce -1.6% 7.10% +0.13
VZ Verizon Communications Inc. Reduce -4.8% 4.54% +0.17
BWA Borgwarner Inc. Reduce -1.7% 5.12% +0.24
SHEL Shell PLC-ADR Reduce -1.6% 5.13% +0.48

Portfolio Buys Q4 2025 → Q1 2026
EQNR Equinor ASA-Spon ADR Add +3.5% 7.00% +2.72
VET Vermilion Energy Inc. Add +41.3% 4.81% +2.48
XOM Exxon Mobil Corp. Add +63.1% 2.85% +1.45
PBR Petroleo Brasileiro-Spon ADR Add +0.5% 2.59% +0.93
PFIX Simplify Interest Rate Hedge Add +25.9% 6.27% +0.44
GDX Vaneck Gold Miners ETF Add +11.9% 5.61% +0.32
JNJ Johnson & Johnson New 0.20% +0.20
TEX Terex Corp. Add +1.3% 2.72% −0.02
NEM Newmont Corp. Add +2.9% 8.23% −0.10
CLFD Clearfield Inc. Add +2.7% 1.28% −0.27
BRK.B Berkshire Hathaway Inc. Class B Add +0.8% 3.47% −0.61
VGSH Vanguard Short-Term Treasury Add +8.4% 14.10% −0.64
QCOM Qualcomm Inc. Add +2.3% 1.87% −0.87

Notes & Other Activity Q4 2025 → Q1 2026
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +0.2% 41,705 $3.0M

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