Eagle Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Eagle Capital Management LLC reported 56 stock positions worth $32.1 billion. Its top holding was Amazon.com (AMZN) at 8.6% of the portfolio, followed by Microsoft (MSFT, 5.9%) and Unitedhealth (UNH, 5.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 8 and reduced 35. The biggest buy was a new position in MercadoLibre (MELI) and the biggest sale ASML Holding NV-NY Reg SHS (ASML, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000945631
- Portfolio Value
- $32.1B (Q4 2025)
- SEC Filing
- 0001172661-26-001083 ↗ filed Feb 17, 2026
Holdings Value
Holdings 56 stocks · $32.1B
| AMZN Amazon.com Inc. | 8.61% | 11,973,905 | $2.8B | Add +1.7% |
| MSFT Microsoft Corp. | 5.86% | 3,893,229 | $1.9B | Reduce -1.5% |
| UNH Unitedhealth Group Inc. | 5.86% | 5,700,446 | $1.9B | Add +5.3% |
| COP Conocophillips | 5.78% | 19,840,430 | $1.9B | Reduce -1.4% |
| COF Capital One Financial Corp. | 5.07% | 6,716,093 | $1.6B | Reduce -1.4% |
| WDAY Workday Inc. Class A | 5.07% | 7,575,368 | $1.6B | Reduce -1.2% |
| TSM Taiwan Semiconductor-SP ADR | 4.69% | 4,960,306 | $1.5B | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 4.65% | 4,762,992 | $1.5B | Reduce -22.3% |
| AER Aercap Holdings NV | 4.55% | 10,169,902 | $1.5B | Reduce -12.6% |
| DHR Danaher Corp. | 4.39% | 6,160,531 | $1.4B | Reduce -0.3% |
| WWD Woodward Inc. | 4.06% | 4,312,395 | $1.3B | Reduce -1.4% |
| CMCSA Comcast Corp. Class A | 3.72% | 39,910,299 | $1.2B | Reduce -6.2% |
| LEN Lennar Corp. Class A | 3.52% | 10,986,212 | $1.1B | Add +16.2% |
| SAP Sap SE-Sponsored ADR | 3.13% | 4,143,430 | $1.0B | Add +37.5% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 2.85% | 8,729,535 | $914.2M | Reduce -2.7% |
| ASML ASML Holding NV-NY Reg SHS | 2.78% | 835,083 | $893.4M | Reduce -46.0% |
| AA Alcoa Corp. | 2.64% | 15,949,384 | $847.6M | Reduce -2.7% |
| HUM Humana Inc. | 2.60% | 3,254,398 | $833.5M | Reduce -17.9% |
| MELI MercadoLibre Inc. | 2.58% | 411,549 | $829.0M | New |
| AON Aon PLC Class A | 2.49% | 2,269,414 | $800.8M | Reduce -0.7% |
| META Meta Platforms Inc. Class A | 2.49% | 1,210,372 | $799.0M | Reduce -15.1% |
| SHEL Shell PLC-ADR | 1.78% | 7,777,595 | $571.5M | Reduce -24.0% |
| ELV Elevance Health Inc. | 1.64% | 1,504,051 | $527.2M | Reduce -4.3% |
| HLT Hilton Worldwide Holdings Inc. | 1.63% | 1,823,181 | $523.7M | Reduce -1.6% |
| PTC PTC Inc. | 1.34% | 2,469,928 | $430.3M | Reduce -1.1% |
| INTU Intuit Inc. | 1.11% | 538,877 | $357.0M | Reduce -0.9% |
| LBRDK Liberty Broadband-C | 0.96% | 6,355,692 | $308.9M | Reduce -3.2% |
| GOOGL Alphabet Inc. Class A | 0.88% | 898,964 | $281.4M | Reduce -20.7% |
| VMC Vulcan Materials Co. | 0.63% | 705,914 | $201.3M | Reduce -1.4% |
| MLM Martin Marietta Materials | 0.62% | 320,754 | $199.7M | Reduce -2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.56% | 262,279 | $178.9M | Add +3641.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.31% | 300,316 | $100.7M | New |
| IWD iShares Russell 1000 Value E | 0.27% | 419,660 | $88.3M | Add +953.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.25% | 880,977 | $80.5M | Add +0.8% |
| CHTR Charter Communications Inc. Class A | 0.11% | 166,502 | $34.8M | Reduce -18.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.08% | 50,820 | $25.5M | Reduce -0.1% |
| GEV GE Vernova Inc. | 0.06% | 27,917 | $18.2M | Reduce -2.0% |
| PHM Pultegroup Inc. | 0.05% | 133,388 | $15.6M | Add +6.6% |
| MS Morgan Stanley | 0.04% | 79,588 | $14.1M | No change |
| LBRDA Liberty Broadband-A | 0.04% | 273,682 | $13.2M | Reduce -18.8% |
| GE General Electric filed as GE AEROSPACE | 0.04% | 40,898 | $12.6M | Reduce -0.6% |
| WFC Wells Fargo & Co. | 0.03% | 96,277 | $9.0M | Reduce -0.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.03% | 123,547 | $8.7M | No change |
| GS Goldman Sachs Group Inc. | 0.02% | 6,989 | $6.1M | Reduce -2.8% |
| ECL Ecolab Inc. | 0.02% | 22,471 | $5.9M | No change |
| NFLX Netflix Inc. | 0.02% | 62,774 | $5.9M | Reduce -0.6% |
| MAR Marriott International Class A | 0.02% | 18,811 | $5.8M | No change |
| C Citigroup Inc. | 0.01% | 41,076 | $4.8M | No change |
| ORCL Oracle Corp. | 0.01% | 20,000 | $3.9M | No change |
| VOO Vanguard S&P 500 ETF | 0.01% | 5,875 | $3.7M | New |
| ECHO Echostar Corp. Class A | 0.01% | 24,887 | $2.7M | No change |
| TRV The Travelers Cos Inc. | 0.01% | 6,900 | $2.0M | No change |
| V Visa Inc. Class A | 0.00% | 3,777 | $1.3M | No change |
| GEHC GE Healthcare Technology | 0.00% | 12,056 | $989K | Reduce -0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.00% | 2,700 | $800K | No change |
| JPM JPMorgan Chase & Co. | 0.00% | 1,109 | $357K | Reduce -12.9% |
Portfolio Sells Q3 2025 → Q4 2025
| ASML ASML Holding NV-NY Reg SHS | Reduce -46.0% | 2.78% | −1.98 |
| META Meta Platforms Inc. Class A | Reduce -15.1% | 2.49% | −0.84 |
| WDAY Workday Inc. Class A | Reduce -1.2% | 5.07% | −0.80 |
| HUM Humana Inc. | Reduce -17.9% | 2.60% | −0.69 |
| MSFT Microsoft Corp. | Reduce -1.5% | 5.86% | −0.65 |
| SHEL Shell PLC-ADR | Reduce -24.0% | 1.78% | −0.55 |
| CMCSA Comcast Corp. Class A | Reduce -6.2% | 3.72% | −0.54 |
| LBRDK Liberty Broadband-C | Reduce -3.2% | 0.96% | −0.37 |
| PTC PTC Inc. | Reduce -1.1% | 1.34% | −0.27 |
| COP Conocophillips | Reduce -1.4% | 5.78% | −0.27 |
| AON Aon PLC Class A | Reduce -0.7% | 2.49% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -22.3% | 4.65% | −0.10 |
| VMC Vulcan Materials Co. | Reduce -1.4% | 0.63% | −0.07 |
| CHTR Charter Communications Inc. Class A | Reduce -18.4% | 0.11% | −0.07 |
| INTU Intuit Inc. | Reduce -0.9% | 1.11% | −0.07 |
| MLM Martin Marietta Materials | Reduce -2.4% | 0.62% | −0.04 |
| LBRDA Liberty Broadband-A | Reduce -18.8% | 0.04% | −0.03 |
| NFLX Netflix Inc. | Reduce -0.6% | 0.02% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 0.08% | −0.00 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.00 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -20.7% | 0.88% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -12.9% | 0.00% | −0.00 |
| GE General Electric | Reduce -0.6% | 0.04% | −0.00 |
| GEHC GE Healthcare Technology | Reduce -0.7% | 0.00% | +0.00 |
| GS Goldman Sachs Group Inc. | Reduce -2.8% | 0.02% | +0.00 |
| GEV GE Vernova Inc. | Reduce -2.0% | 0.06% | +0.00 |
| WFC Wells Fargo & Co. | Reduce -0.0% | 0.03% | +0.00 |
| ELV Elevance Health Inc. | Reduce -4.3% | 1.64% | +0.03 |
| AER Aercap Holdings NV | Reduce -12.6% | 4.55% | +0.07 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -1.6% | 1.63% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -1.5% | 4.69% | +0.22 |
| EL Estee Lauder Companies Class A | Reduce -2.7% | 2.85% | +0.33 |
| COF Capital One Financial Corp. | Reduce -1.4% | 5.07% | +0.46 |
| DHR Danaher Corp. | Reduce -0.3% | 4.39% | +0.49 |
| WWD Woodward Inc. | Reduce -1.4% | 4.06% | +0.54 |
| AA Alcoa Corp. | Reduce -2.7% | 2.64% | +0.92 |
Portfolio Buys Q3 2025 → Q4 2025
| MELI MercadoLibre Inc. | New | 2.58% | +2.58 |
| SAP Sap SE-Sponsored ADR | Add +37.5% | 3.13% | +0.57 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3641.5% | 0.56% | +0.54 |
| AMZN Amazon.com Inc. | Add +1.7% | 8.61% | +0.38 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.31% | +0.31 |
| IWD iShares Russell 1000 Value E | Add +953.4% | 0.27% | +0.25 |
| VOO Vanguard S&P 500 ETF | New | 0.01% | +0.01 |
| PHM Pultegroup Inc. | Add +6.6% | 0.05% | −0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +0.8% | 0.25% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +5.3% | 5.86% | −0.09 |
| LEN Lennar Corp. Class A | Add +16.2% | 3.52% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $32.7B | AMZN, UNH, MELI, TSM, COP |
| Q1 2026 | 60 | $29.8B | COP, AMZN, TSM, UNH, MSFT |
| Q4 2025 | 56 | $32.1B | AMZN, MSFT, UNH, COP, COF |
| Q3 2025 | 55 | $31.4B | AMZN, MSFT, COP, UNH, WDAY |
| Q2 2025 | 55 | $30.3B | AMZN, COP, MSFT, UNH, CMCSA |
| Q1 2025 | 57 | $27.4B | AMZN, COP, CMCSA, MSFT, UNH |
| Q4 2024 | 50 | $27.4B | AMZN, COP, META, GOOG, AON |
| Q3 2024 | 48 | $26.9B | AMZN, META, COP, MSFT, AON |
| Q2 2024 | 52 | $27.0B | AMZN, COP, META, GOOG, MSFT |
| Q1 2024 | 53 | $25.9B | AMZN, MSFT, COP, META, GOOG |