Dudley Capital Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Dudley Capital Management, LLC reported 123 stock positions worth $187.2 million. Its top holding was Apple (AAPL) at 7.3% of the portfolio, followed by Microsoft (MSFT, 6.6%) and Nvidia (NVDA, 5.5%). Compared with Q4 2024, it opened 6 new positions, sold out of 10, added to 20 and reduced 61. The biggest buy was Kinder Morgan (KMI, shares +20%) and the biggest sale Nvidia (NVDA, shares −5%).

Most Recent 13F
Q2 2026
Location
Middleburg, VA
CIK
0001965760
Portfolio Value
$187.2M (Q1 2025)
SEC Filing
0001172661-25-001607 ↗ filed May 7, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $171.3M Q1 2024 Q2 2024: $178.6M Q2 2024 Q3 2024: $191.0M Q3 2024 Q4 2024: $195.2M Q4 2024 Q1 2025: $187.2M $187.2M Q1 2025 Q2 2025: $199.4M Q2 2025 Q3 2025: $221.6M Q3 2025 Q4 2025: $228.0M Q4 2025 Q1 2026: $226.7M Q1 2026 Q2 2026: $247.7M Q2 2026

Holdings 123 stocks · $187.2M
AAPL Apple Inc. 7.27% 61,288 $13.6M Reduce -3.5%
MSFT Microsoft Corp. 6.57% 32,758 $12.3M Reduce -1.0%
NVDA Nvidia Corp. 5.50% 95,040 $10.3M Reduce -5.1%
JNJ Johnson & Johnson 4.01% 45,274 $7.5M Reduce -2.7%
CVX Chevron Corp. 3.86% 43,151 $7.2M Reduce -1.8%
JPM JPMorgan Chase & Co. 3.26% 24,851 $6.1M Reduce -0.3%
XOM Exxon Mobil Corp. 2.84% 44,647 $5.3M Reduce -2.8%
BRK.B Berkshire Hathaway Inc. Class B 2.83% 9,938 $5.3M Reduce -4.1%
GOOGL Alphabet Inc. Class A 2.78% 33,614 $5.2M Add +0.7%
ABBV Abbvie Inc. 2.51% 22,436 $4.7M Reduce -2.7%
HD Home Depot Inc. 1.95% 9,945 $3.6M No change
MA Mastercard Inc. Class A 1.74% 5,950 $3.3M Reduce -2.5%
BX Blackstone Inc. 1.71% 22,878 $3.2M Reduce -6.3%
AMZN Amazon.com Inc. 1.59% 15,633 $3.0M Reduce -1.6%
V Visa Inc. Class A 1.58% 8,442 $3.0M No change
CSCO Cisco Systems Inc. 1.53% 46,419 $2.9M Reduce -0.1%
KO The Coca-Cola Co. 1.50% 39,096 $2.8M Reduce -2.5%
WMT Walmart Inc. 1.48% 31,488 $2.8M Reduce -2.2%
WMB Williams Cos Inc. 1.39% 43,628 $2.6M Add +4.4%
GOOG Alphabet Inc. Class C 1.37% 16,370 $2.6M Reduce -1.6%
AVGO Broadcom Inc. 1.36% 15,196 $2.5M Add +25.9%
CRWD CrowdStrike Holdings Inc. Class A 1.32% 6,992 $2.5M Reduce -6.2%
NOC Northrop Grumman Corp. 1.29% 4,722 $2.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.22% 9,212 $2.3M Reduce -6.1%
COST Costco Wholesale Corp. 1.20% 2,378 $2.2M Reduce -1.9%
PM Philip Morris International 1.18% 13,962 $2.2M Reduce -3.8%
AMT American Tower Corp. 1.12% 9,633 $2.1M Reduce -3.3%
IJR iShares Core S&P Small-Cap E 1.10% 19,634 $2.1M Add +8.6%
GPC Genuine Parts Co. 1.04% 16,414 $2.0M No change
KMI Kinder Morgan Inc. 1.01% 66,424 $1.9M Add +20.4%
PFE Pfizer Inc. 0.97% 71,299 $1.8M Add +28.4%
OKE Oneok Inc. 0.94% 17,727 $1.8M Reduce -3.4%
BMY Bristol-Myers Squibb Co. 0.92% 28,122 $1.7M No change
TSLA Tesla Inc. 0.92% 6,610 $1.7M Reduce -21.7%
MRK Merck & Co. Inc. 0.91% 19,069 $1.7M Reduce -0.3%
META Meta Platforms Inc. Class A 0.91% 2,961 $1.7M Reduce -7.8%
QCOM Qualcomm Inc. 0.78% 9,487 $1.5M Reduce -6.1%
BOND PIMCO Active Bond Exchange-T 0.77% 15,510 $1.4M No change
NFLX Netflix Inc. 0.75% 1,503 $1.4M Reduce -5.3%
RTX RTX Corp. 0.75% 10,532 $1.4M Reduce -0.7%
PEP Pepsico Inc. 0.74% 9,247 $1.4M Reduce -1.3%
GE General Electric filed as GE AEROSPACE 0.70% 6,541 $1.3M Reduce -3.1%
LLY Eli Lilly & Co. 0.65% 1,466 $1.2M Reduce -3.0%
PG The Procter & Gamble Co. 0.62% 6,814 $1.2M No change
CRM Salesforce Inc. 0.60% 4,188 $1.1M Reduce -1.8%
MO Altria Group Inc. 0.59% 18,350 $1.1M Reduce -2.0%
VZ Verizon Communications Inc. 0.58% 23,851 $1.1M Reduce -12.2%
GD General Dynamics Corp. 0.55% 3,789 $1.0M No change
TOTL SS Doubleline TR Tact ETF 0.52% 24,010 $967K Reduce -1.0%
AUB Atlantic Union Bankshares Co. 0.50% 30,071 $936K No change
WELL Welltower Inc. 0.49% 6,025 $923K Reduce -0.8%
ARES Ares Management Corp. Class A 0.49% 6,200 $909K No change
MDT Medtronic PLC 0.48% 9,942 $893K Reduce -6.5%
OBDC Blue Owl Capital Corp. 0.47% 59,970 $879K Reduce -4.5%
VOO Vanguard S&P 500 ETF 0.47% 1,695 $871K Add +0.8%
ADP Automatic Data Processing 0.46% 2,821 $862K Reduce -3.4%
UNP Union Pacific Corp. 0.46% 3,645 $861K No change
SBUX Starbucks Corp. 0.44% 8,403 $824K Reduce -5.2%
RSP Invesco S&P 500 Equal Weight 0.43% 4,641 $804K Add +50.5%
IEFA iShares Core MSCI Eafe ETF 0.41% 10,253 $776K Reduce -3.3%
ALL Allstate Corp. 0.41% 3,695 $765K No change
HON Honeywell International Inc. 0.40% 3,555 $753K Reduce -2.7%
TRGP Targa Resources Corp. 0.39% 3,600 $722K No change
CAT Caterpillar Inc. 0.37% 2,083 $687K Reduce -3.4%
TFC Truist Financial Corp. 0.36% 16,328 $672K No change
NEM Newmont Corp. 0.36% 13,878 $670K Reduce -0.9%
WPC WP Carey Inc. 0.34% 10,050 $634K Reduce -6.9%
T AT&T Inc. 0.34% 22,352 $632K Reduce -3.9%
NCDL Nuveen Churchill Direct Lend 0.31% 33,862 $575K Add +5.2%
JPST JPMorgan Ultra-Short Income 0.29% 10,714 $542K Add +7.0%
TMO Thermo Fisher Scientific Inc. 0.29% 1,084 $539K No change
CL Colgate-Palmolive Co. 0.28% 5,501 $515K No change
HDV iShares Core High Dividend E 0.27% 4,096 $496K Add +92.1%
SPGI S&P Global Inc. 0.24% 896 $455K Reduce -3.2%
ETN Eaton Corp. PLC 0.24% 1,624 $441K No change
VABK Virginia National Bankshares 0.22% 11,650 $420K No change
NEE Nextera Energy Inc. 0.22% 5,818 $412K Reduce -4.9%
APO Apollo Global Management Inc. 0.22% 3,000 $411K No change
KKR KKR & Co. Inc. 0.21% 3,400 $393K Add +9.8%
NSC Norfolk Southern Corp. 0.21% 1,655 $392K No change
FBND Fidelity Total Bond ETF 0.21% 8,490 $388K Reduce -0.4%
PPG PPG Industries Inc. 0.20% 3,400 $372K No change
ORCL Oracle Corp. 0.20% 2,659 $372K Add +23.2%
FBTC Fidelity Wise Origin Bitcoin 0.20% 5,132 $369K New
PLTR Palantir Technologies Inc. Class A 0.19% 4,275 $361K Reduce -29.1%
ANET Arista Networks Inc. 0.19% 4,588 $355K Add +41.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.19% 626 $350K Reduce -1.4%
MCD McDonald's Corp. 0.18% 1,104 $345K Reduce -0.4%
UBER Uber Technologies Inc. 0.18% 4,617 $336K Add +1.6%
O Realty Income Corp. 0.18% 5,704 $331K Add +0.9%
DOW Dow Inc. 0.17% 8,958 $313K Reduce -3.0%
BINC iShares Flex I A ETF-Usd Inc. 0.16% 5,750 $301K New
GEV GE Vernova Inc. 0.16% 984 $300K No change
TDG Transdigm Group Inc. 0.16% 213 $295K Reduce -7.4%
BXP BXP Inc. 0.15% 4,200 $282K No change
TPL Texas Pacific Land Corp. 0.15% 212 $281K No change
JEPI JPMorgan Equity Premium Inco 0.15% 4,915 $281K Add +24.0%
AMGN Amgen Inc. 0.15% 898 $280K Reduce -17.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 2,770 $273K Reduce -11.9%
CHDN Churchill Downs Inc. 0.15% 2,460 $273K No change
CDNS Cadence Design SYS Inc. 0.14% 1,017 $259K Reduce -4.2%
DVY iShares Select Dividend ETF 0.14% 1,900 $255K No change
LTBR Lightbridge Corp. 0.14% 34,166 $255K No change
VRT Vertiv Holdings Co. Class A 0.13% 3,420 $247K New
MRSH Marsh & McLennan Cos 0.13% 1,010 $246K No change
BAH Booz Allen Hamilton Holdings 0.13% 2,303 $241K Reduce -8.5%
GBTC Grayscale Bitcoin Trust ETF 0.13% 3,647 $238K No change
APD Air Products & Chemicals Inc. 0.13% 800 $236K No change
PANW Palo Alto Networks Inc. 0.12% 1,330 $227K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.12% 4,375 $227K New
ET Energy Transfer LP 0.12% 11,887 $221K No change
CRDO Credo Technology Group Holdi 0.12% 5,460 $219K Add +19.7%
UPS United Parcel Service Class B 0.11% 1,937 $213K Reduce -0.9%
D Dominion Energy Inc. 0.11% 3,788 $212K Reduce -15.1%
TSM Taiwan Semiconductor-SP ADR 0.10% 1,139 $189K Add +18.8%
XEVVX Eaton Vance Ltd. Durat Inc. 0.10% 18,133 $181K No change
XETYX Eaton Vance Tax-MGD Div Eqty 0.09% 11,896 $170K Add +0.7%
KRP Kimbell Royalty Partners LP 0.07% 10,000 $140K No change
HIO Western Asset Hi Inc. Opport 0.07% 31,100 $124K No change
PSEC Prospect Capital Corp. 0.06% 27,900 $114K No change
RZLV Rezolve AI PLC 0.01% 11,500 $14K New
TREX Trex Company Inc. 0.01% 200 $12K New
TLRY Tilray Brands Inc. 0.01% 15,000 $10K Reduce -31.0%

Options reported separately and not counted above: COST calls ($2.2M), TSM calls ($315K), BAH calls ($220K), TREX calls ($209K), AMZN calls ($190K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $598K (not counted above)
SecurityClassShares / PrincipalValueChange
IBDS Ishrs Ibnds Dec 27 Corp. ETF IBONDS 27 ETF · principal 13,150$318KNew
IBDR iShares Ibonds Dec 2026 Term IBONDS DEC2026 · principal 11,550$280KNew

Total filed on the 13F, all lines: $187.8M.

Portfolio Sells Q4 2024 → Q1 2025
NVDA Nvidia Corp. Reduce -5.1% 5.50% −1.38
AAPL Apple Inc. Reduce -3.5% 7.27% −0.87
TSLA Tesla Inc. Reduce -21.7% 0.92% −0.83
MSFT Microsoft Corp. Reduce -1.0% 6.57% −0.57
BX Blackstone Inc. Reduce -6.3% 1.71% −0.45
TLT iShares 20+ Year Treasury BD Sold out 0.00% −0.36
GOOG Alphabet Inc. Class C Reduce -1.6% 1.37% −0.26
XYZ Block Inc. Sold out 0.00% −0.24
AMZN Amazon.com Inc. Reduce -1.6% 1.59% −0.20
CRM Salesforce Inc. Reduce -1.8% 0.60% −0.13
NPV Nuveen Va QLTY Muni Inc. Sold out 0.00% −0.13
OWL Blue Owl Capital Inc. Sold out 0.00% −0.11
VWO Vanguard Ftse Emerging Marke Sold out 0.00% −0.11
ITW Illinois Tool Works Sold out 0.00% −0.10
ABR Arbor Realty Trust Inc. Sold out 0.00% −0.07
AGNC AGNC Investment Corp. Sold out 0.00% −0.06
MRK Merck & Co. Inc. Reduce -0.3% 0.91% −0.06
META Meta Platforms Inc. Class A Reduce -7.8% 0.91% −0.05
PLTR Palantir Technologies Inc. Class A Reduce -29.1% 0.19% −0.04
BAH Booz Allen Hamilton Holdings Reduce -8.5% 0.13% −0.04
CAT Caterpillar Inc. Reduce -3.4% 0.37% −0.03
DIS The Walt Disney Co. Reduce -11.9% 0.15% −0.03
DELL Dell Technologies -C Sold out 0.00% −0.03
CDNS Cadence Design SYS Inc. Reduce -4.2% 0.14% −0.03
DOW Dow Inc. Reduce -3.0% 0.17% −0.02
HON Honeywell International Inc. Reduce -2.7% 0.40% −0.02
QCOM Qualcomm Inc. Reduce -6.1% 0.78% −0.02
OBDC Blue Owl Capital Corp. Reduce -4.5% 0.47% −0.02
QSI Quantum-Si Inc. Sold out 0.00% −0.02
WMT Walmart Inc. Reduce -2.2% 1.48% −0.01
UPS United Parcel Service Class B Reduce -0.9% 0.11% −0.01
D Dominion Energy Inc. Reduce -15.1% 0.11% −0.01
TLRY Tilray Brands Inc. Reduce -31.0% 0.01% −0.01
NEE Nextera Energy Inc. Reduce -4.9% 0.22% −0.00
OKE Oneok Inc. Reduce -3.4% 0.94% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 0.19% −0.00
AMGN Amgen Inc. Reduce -17.2% 0.15% +0.00
SPGI S&P Global Inc. Reduce -3.2% 0.24% +0.01
TDG Transdigm Group Inc. Reduce -7.4% 0.16% +0.01
CRWD CrowdStrike Holdings Inc. Class A Reduce -6.2% 1.32% +0.01
PEP Pepsico Inc. Reduce -1.3% 0.74% +0.01
FBND Fidelity Total Bond ETF Reduce -0.4% 0.21% +0.01
MCD McDonald's Corp. Reduce -0.4% 0.18% +0.02
VZ Verizon Communications Inc. Reduce -12.2% 0.58% +0.02
ADP Automatic Data Processing Reduce -3.4% 0.46% +0.02
NFLX Netflix Inc. Reduce -5.3% 0.75% +0.02
SBUX Starbucks Corp. Reduce -5.2% 0.44% +0.03
TOTL SS Doubleline TR Tact ETF Reduce -1.0% 0.52% +0.03
IEFA iShares Core MSCI Eafe ETF Reduce -3.3% 0.41% +0.03
WPC WP Carey Inc. Reduce -6.9% 0.34% +0.04

Portfolio Buys Q4 2024 → Q1 2025
KMI Kinder Morgan Inc. Add +20.4% 1.01% +0.24
WMB Williams Cos Inc. Add +4.4% 1.39% +0.23
PFE Pfizer Inc. Add +28.4% 0.97% +0.21
FBTC Fidelity Wise Origin Bitcoin New 0.20% +0.20
BINC iShares Flex I A ETF-Usd Inc. New 0.16% +0.16
RSP Invesco S&P 500 Equal Weight Add +50.5% 0.43% +0.15
HDV iShares Core High Dividend E Add +92.1% 0.27% +0.14
VRT Vertiv Holdings Co. Class A New 0.13% +0.13
JEPQ JPM Nasdaq Equity Premium New 0.12% +0.12
UBER Uber Technologies Inc. Add +1.6% 0.18% +0.04
JEPI JPMorgan Equity Premium Inco Add +24.0% 0.15% +0.03
JPST JPMorgan Ultra-Short Income Add +7.0% 0.29% +0.03
NCDL Nuveen Churchill Direct Lend Add +5.2% 0.31% +0.03
IJR iShares Core S&P Small-Cap E Add +8.6% 1.10% +0.03
O Realty Income Corp. Add +0.9% 0.18% +0.02
ORCL Oracle Corp. Add +23.2% 0.20% +0.01
RZLV Rezolve AI PLC New 0.01% +0.01
TREX Trex Company Inc. New 0.01% +0.01
ANET Arista Networks Inc. Add +41.3% 0.19% +0.01
TSM Taiwan Semiconductor-SP ADR Add +18.8% 0.10% +0.00
VOO Vanguard S&P 500 ETF Add +0.8% 0.47% +0.00
XETYX Eaton Vance Tax-MGD Div Eqty Add +0.7% 0.09% +0.00
KKR KKR & Co. Inc. Add +9.8% 0.21% −0.02
CRDO Credo Technology Group Holdi Add +19.7% 0.12% −0.04
AVGO Broadcom Inc. Add +25.9% 1.36% −0.07
GOOGL Alphabet Inc. Class A Add +0.7% 2.78% −0.46

Options Activity Q4 2024 → Q1 2025
COST Costco Wholesale Corp. call Add +15.0% 2,300 $2.2M
PLTR Palantir Technologies Inc. Class A put Sold out 11,000 $832Kbefore exit
TSM Taiwan Semiconductor-SP ADR call Add +216.7% 1,900 $315K
DELL Dell Technologies -C call Sold out 2,300 $265Kbefore exit
BAH Booz Allen Hamilton Holdings call Add +23.5% 2,100 $220K
TREX Trex Company Inc. call New 3,600 $209K
AMZN Amazon.com Inc. call New 1,000 $190K
NVDA Nvidia Corp. call Sold out 200 $27Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
IBDS Ishrs Ibnds Dec 27 Corp. ETF IBONDS 27 ETF · principal New 13,150 $318K
IBDR iShares Ibonds Dec 2026 Term IBONDS DEC2026 · principal New 11,550 $280K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 145$247.7MAAPL, NVDA, MSFT, GOOGL, JNJ
Q1 2026 139$226.7MAAPL, NVDA, MSFT, JNJ, GOOGL
Q4 2025 129$228.0MAAPL, MSFT, NVDA, GOOGL, JNJ
Q3 2025 130$221.6MMSFT, AAPL, NVDA, JNJ, JPM
Q2 2025 124$199.4MMSFT, NVDA, AAPL, JPM, JNJ
Q1 2025 123$187.2MAAPL, MSFT, NVDA, JNJ, CVX
Q4 2024 127$195.2MAAPL, MSFT, NVDA, JNJ, CVX
Q3 2024 126$191.0MAAPL, MSFT, NVDA, JNJ, CVX
Q2 2024 115$178.6MMSFT, AAPL, NVDA, JNJ, CVX
Q1 2024 115$171.3MMSFT, AAPL, NVDA, JNJ, CVX