Estabrook Capital Management

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Estabrook Capital Management reported 314 stock positions worth $648.1 million. Its top holding was Microsoft (MSFT) at 12.2% of the portfolio, followed by JPMorgan Chase (JPM, 7.7%) and Apple (AAPL, 5.9%). Compared with Q1 2025, it opened 18 new positions, sold out of 18, added to 40 and reduced 98. The biggest buy was GE Vernova (GEV, shares +20%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001344717
Portfolio Value
$648.1M (Q2 2025)
SEC Filing
0001344717-25-000011 ↗ filed Aug 13, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $645.5M Q1 2024 Q2 2024: $648.0M Q2 2024 Q3 2024: $668.9M Q3 2024 Q4 2024: $646.9M Q4 2024 Q1 2025: $617.3M Q1 2025 Q2 2025: $648.1M $648.1M Q2 2025 Q3 2025: $684.2M Q3 2025 Q4 2025: $679.2M Q4 2025 Q1 2026: $682.9M Q1 2026 Q2 2026: $736.7M Q2 2026

Holdings 314 stocks · $648.1M
MSFT Microsoft Corp. 12.18% 158,718 $78.9M Reduce -2.4%
JPM JPMorgan Chase & Co. 7.74% 173,014 $50.2M Reduce -2.1%
AAPL Apple Inc. 5.94% 187,538 $38.5M Reduce -3.4%
COST Costco Wholesale Corp. 5.23% 34,248 $33.9M Reduce -1.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.20% 70,277 $20.7M Reduce -1.3%
HON Honeywell International Inc. 2.56% 71,375 $16.6M Reduce -2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.18% 298,546 $14.1M Reduce -0.4%
JNJ Johnson & Johnson 2.16% 91,754 $14.0M Add +0.4%
UNP Union Pacific Corp. 2.12% 59,699 $13.7M Reduce -1.8%
PNC PNC Financial Services Group 2.09% 72,815 $13.6M Reduce -0.8%
CSCO Cisco Systems Inc. 2.03% 190,053 $13.2M Reduce -1.5%
GOOGL Alphabet Inc. Class A 1.97% 72,325 $12.7M Reduce -1.6%
CB Chubb Ltd. 1.92% 42,999 $12.5M Reduce -2.9%
C Citigroup Inc. 1.89% 143,700 $12.2M Reduce -0.6%
CVX Chevron Corp. 1.84% 83,100 $11.9M Reduce -2.4%
COP Conocophillips 1.63% 117,830 $10.6M Reduce -1.2%
WMB Williams Cos Inc. 1.61% 166,537 $10.5M Reduce -3.8%
WFC Wells Fargo & Co. 1.50% 121,307 $9.7M Reduce -1.5%
ETN Eaton Corp. PLC 1.45% 26,376 $9.4M Reduce -0.2%
GE General Electric filed as GE AEROSPACE 1.37% 34,609 $8.9M Reduce -2.9%
XOM Exxon Mobil Corp. 1.26% 75,572 $8.1M Reduce -1.8%
MDT Medtronic PLC 1.23% 91,718 $8.0M Reduce -2.4%
MRK Merck & Co. Inc. 1.23% 100,355 $7.9M Add +3.7%
PFE Pfizer Inc. 1.19% 318,925 $7.7M Add +5.8%
CP Canadian Pacific Kansas City 1.18% 96,400 $7.6M Reduce -0.3%
WMT Walmart Inc. 1.15% 76,297 $7.5M Reduce -1.5%
DUK Duke Energy Corp. 1.07% 58,789 $6.9M Add +11.4%
VZ Verizon Communications Inc. 1.07% 160,090 $6.9M Add +3.8%
AFL Aflac Inc. 1.03% 63,133 $6.7M Reduce -1.8%
AMZN Amazon.com Inc. 0.96% 28,221 $6.2M Reduce -0.9%
HD Home Depot Inc. 0.94% 16,646 $6.1M Reduce -1.2%
GLW Corning Inc. 0.93% 114,421 $6.0M Reduce -1.4%
GEV GE Vernova Inc. 0.88% 10,799 $5.7M Add +20.1%
NSC Norfolk Southern Corp. 0.88% 22,221 $5.7M Reduce -1.6%
AMGN Amgen Inc. 0.84% 19,504 $5.4M Reduce -1.1%
T AT&T Inc. 0.84% 187,865 $5.4M Add +7.7%
NOC Northrop Grumman Corp. 0.73% 9,449 $4.7M Reduce -3.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.72% 51,330 $4.7M Reduce -3.5%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 0.71% 171,615 $4.6M Reduce -22.1%
PG The Procter & Gamble Co. 0.67% 27,440 $4.4M Reduce -0.4%
MDLZ Mondelez International Inc. Class A 0.63% 60,879 $4.1M Reduce -0.8%
CTVA Corteva Inc. 0.62% 54,311 $4.0M Reduce -2.0%
TXN Texas Instruments Inc. 0.60% 18,651 $3.9M Add +3.7%
DOV Dover Corp. 0.55% 19,565 $3.6M Reduce -1.6%
QCOM Qualcomm Inc. 0.55% 22,497 $3.6M Reduce -1.0%
NEE Nextera Energy Inc. 0.51% 47,223 $3.3M Add +1.6%
NXPI NXP Semiconductors NV 0.50% 14,840 $3.2M Reduce -1.0%
RTX RTX Corp. 0.49% 21,869 $3.2M Reduce -3.5%
LLY Eli Lilly & Co. 0.49% 4,087 $3.2M Reduce -12.8%
PEP Pepsico Inc. 0.48% 23,738 $3.1M Add +33.8%
GOOG Alphabet Inc. Class C 0.48% 17,585 $3.1M Reduce -0.2%
NVDA Nvidia Corp. 0.46% 18,785 $3.0M Reduce -2.6%
USB US Bancorp 0.46% 65,525 $3.0M No change
RNR Renaissancere Holdings Ltd. 0.46% 12,197 $3.0M Reduce -0.7%
UNH Unitedhealth Group Inc. 0.46% 9,481 $3.0M Reduce -36.1%
SYK Stryker Corp. 0.41% 6,683 $2.6M Reduce -1.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.40% 77,592 $2.6M Add +0.4%
ABBV Abbvie Inc. 0.38% 13,118 $2.4M Reduce -3.6%
BA The Boeing Co. 0.36% 11,194 $2.3M Reduce -2.8%
ADI Analog Devices Inc. 0.35% 9,500 $2.3M No change
TGT Target Corp. 0.34% 22,655 $2.2M Reduce -4.3%
NVGS Navigator Holdings Ltd. 0.33% 149,658 $2.1M Add +13.8%
NKE Nike Inc. Class B 0.33% 29,793 $2.1M Add +0.1%
DQIAX BNYM Equity Income-A 0.32% 63,692 $2.1M Add +0.0%
KMI Kinder Morgan Inc. 0.27% 59,868 $1.8M Reduce -4.7%
GEHC GE Healthcare Technology 0.27% 23,316 $1.7M Reduce -3.2%
ALL Allstate Corp. 0.26% 8,350 $1.7M Reduce -8.6%
DD Dupont DE Nemours Inc. 0.24% 22,805 $1.6M Reduce -0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 12,299 $1.5M Add +0.1%
V Visa Inc. Class A 0.23% 4,166 $1.5M Reduce -0.5%
VTRS Viatris Inc. 0.21% 150,611 $1.3M Reduce -2.4%
ABT Abbott Laboratories 0.20% 9,333 $1.3M Reduce -2.3%
CNI Canadian Natl Railway Co. 0.19% 12,132 $1.3M No change
BLX Bladex Inc. filed as Banco Latinoamericano de Comercio Exterior SA 0.19% 30,444 $1.2M Reduce -13.7%
F Ford Motor Co. filed as FORD MTR CO 0.19% 112,200 $1.2M Add +41.1%
DOW Dow Inc. 0.18% 44,635 $1.2M Reduce -2.0%
META Meta Platforms Inc. Class A 0.18% 1,584 $1.2M Add +0.7%
INTC Intel Corp. 0.18% 52,141 $1.2M Reduce -4.5%
AME Ametek Inc. 0.16% 5,600 $1.0M No change
CARR Carrier Global Corp. 0.15% 13,112 $960K Reduce -2.8%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 1,875 $911K No change
KO The Coca-Cola Co. 0.14% 12,538 $887K No change
DE Deere & Co. 0.13% 1,690 $859K No change
JLDAX John Hancock II Mult 2020-A 0.10% 72,147 $626K New
HII Huntington Ingalls Industrie 0.09% 2,484 $600K No change
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.08% 5,337 $547K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.08% 2,774 $538K Reduce -14.7%
SHEL Shell PLC-ADR 0.08% 7,615 $536K Reduce -0.5%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.08% 500 $520K No change
BMY Bristol-Myers Squibb Co. 0.08% 11,179 $517K Reduce -1.9%
BKR Baker Hughes Co. 0.08% 13,332 $511K No change
ORCL Oracle Corp. 0.07% 2,150 $470K Reduce -31.4%
TDW Tidewater Inc. 0.07% 9,800 $452K No change
LIN Linde PLC 0.07% 947 $444K Reduce -20.9%
OMC Omnicom Group 0.07% 5,866 $422K No change
PSX Phillips 66 0.06% 3,507 $418K Reduce -14.7%
EPD Enterprise Products Partners 0.06% 12,390 $384K Reduce -8.2%
FNF Fidelity National Financial 0.06% 6,689 $375K Reduce -3.0%
FDX FedEx Corp. 0.05% 1,415 $322K No change
CSX CSX Corp. 0.05% 9,505 $310K No change
LHX L3HARRIS Technologies Inc. 0.05% 1,223 $307K No change
EIX Edison International 0.05% 5,689 $294K No change
AMD Advanced Micro Devices 0.04% 2,055 $292K No change
IEX Idex Corp. 0.04% 1,600 $281K No change
MCD McDonald's Corp. 0.04% 918 $268K No change
PRNHX T Rowe PR New Horizons-Inv 0.04% 4,960 $262K No change
VMC Vulcan Materials Co. 0.04% 976 $255K Reduce -33.2%
BIIB Biogen Inc. 0.04% 2,000 $251K Reduce -1.6%
TEL Te Connectivity PLC 0.04% 1,444 $244K No change
ZBH Zimmer Biomet Holdings Inc. 0.04% 2,670 $244K Reduce -0.4%
SWPPX Schwab S&P 500 Index-Sel 0.04% 2,400 $230K No change
HPQ HP Inc. 0.04% 9,400 $230K No change
BDX Becton Dickinson and Co. 0.03% 1,248 $215K Reduce -3.5%
ROK Rockwell Automation Inc. 0.03% 640 $213K Reduce -36.0%
PPG PPG Industries Inc. 0.03% 1,706 $194K No change
MFC Manulife Financial Corp. 0.03% 6,000 $192K No change
FDS Factset Research Systems Inc. 0.03% 425 $190K No change
MU Micron Technology Inc. 0.03% 1,500 $185K No change
TRRNX T Rowe PR Rtrmnt 2055-Inv 0.03% 7,912 $171K No change
ITW Illinois Tool Works 0.02% 650 $161K No change
BP BP PLC-Spons ADR 0.02% 5,302 $159K No change
CI The Cigna Group 0.02% 473 $156K No change
VFIAX Vanguard 500 Index-Adm 0.02% 272 $156K Add +0.4%
TRV The Travelers Cos Inc. 0.02% 571 $153K No change
PRITX T Rowe PR Intl Stock-Inv 0.02% 6,720 $150K No change
MMM 3M Co. 0.02% 941 $143K No change
COIN Coinbase Global Inc. Class A 0.02% 403 $141K Add +13333.3%
IP International Paper Co. 0.02% 2,990 $140K No change
AMP Ameriprise Financial Inc. 0.02% 330 $134K Add +120.0%
FVDFX Fidelity Value Discovery 0.02% 3,516 $134K No change
GILD Gilead Sciences Inc. 0.02% 1,200 $133K No change
REGN Regeneron Pharmaceuticals 0.02% 250 $131K No change
HPE Hewlett Packard Enterprise 0.02% 6,400 $131K No change
STT State Street Corp. 0.02% 1,190 $127K Reduce -11.2%
NEM Newmont Corp. 0.02% 2,162 $126K Reduce -18.8%
TSCO Tractor Supply Company 0.02% 2,350 $124K No change
BVERS Beaver Coal Ltd. 0.02% 35 $121K No change
TXT Textron Inc. 0.02% 1,500 $120K No change
KMB Kimberly-Clark Corp. 0.02% 907 $117K No change
FXAIX Fidelity 500 Index Fund 0.02% 521 $113K Add +0.4%
QGEN Qiagen N.V. 0.02% 2,213 $106K No change
WPP WPP PLC-Sponsored ADR 0.02% 3,000 $105K No change
NSRGY Nestle SA-Spons ADR 0.02% 1,058 $105K No change
WM Waste Management Inc. 0.02% 454 $104K Reduce -40.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.01% 1,191 $97K Add +19.7%
OTIS Otis Worldwide Corp. 0.01% 982 $97K Reduce -14.3%
LOW Lowe's Cos Inc. 0.01% 435 $97K No change
DVA Davita Inc. 0.01% 650 $93K No change
GFI Gold Fields Ltd.-Spons ADR 0.01% 3,825 $91K No change
NTIC Northern Technologies Intl 0.01% 12,188 $90K No change
CRM Salesforce Inc. 0.01% 331 $90K No change
MA Mastercard Inc. Class A 0.01% 153 $86K No change
HUM Humana Inc. 0.01% 342 $84K Reduce -22.6%
DGAGX BNYM Appreciation-A 0.01% 2,052 $82K No change
GRMN Garmin Ltd. 0.01% 388 $81K Reduce -29.8%
ET Energy Transfer LP 0.01% 4,451 $81K No change
FGRIX Fidelity Grwth & Inc. Port 0.01% 1,180 $81K New
GD General Dynamics Corp. 0.01% 272 $79K Reduce -26.9%
ICAFX Amer FND Inv Co. of Am-F2 filed as AMERICAN FUNDS INVESTMENT COMPANY OF AMERICA CLASS F-2 0.01% 1,203 $76K Add +1.3%
VTMGX Vanguard Dev MKT Indx-Adm 0.01% 4,109 $75K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 608 $75K No change
AIVSX Amer FND Inv Co. of Am-A filed as AMERICAN FUNDS INVMT CO OF AMER A 0.01% 1,131 $71K Add +1.2%
ETR Entergy Corp. 0.01% 830 $69K No change
AVGO Broadcom Inc. 0.01% 250 $69K No change
ENB Enbridge Inc. 0.01% 1,443 $65K No change
FRBAX JH Region Bank-A 0.01% 2,218 $63K Add +0.5%
PRU Prudential Financial Inc. 0.01% 577 $62K Add +0.7%
OKE Oneok Inc. 0.01% 732 $60K No change
NVR NVR Inc. 0.01% 8 $59K No change
PGOFX Victory Pioneer Sel M/C GR-A 0.01% 1,057 $56K New
GSK GSK PLC-Spon ADR 0.01% 1,443 $55K No change
DPLTX BNYM High Yield-A 0.01% 10,000 $54K No change
BNTX Biontech SE-ADR 0.01% 500 $53K No change
TSLA Tesla Inc. 0.01% 165 $52K No change
SON Sonoco Products Co. 0.01% 1,196 $52K Reduce -50.7%
SHW The Sherwin-Williams Co. 0.01% 150 $52K No change
NFLX Netflix Inc. 0.01% 38 $51K No change
TNK Teekay Tankers Ltd. Class A 0.01% 1,200 $50K No change
EA Electronic Arts Inc. 0.01% 300 $48K No change
MET Metlife Inc. 0.01% 595 $48K Add +0.5%
GL Globe Life Inc. 0.01% 384 $48K Reduce -36.0%
PPL PPL Corp. 0.01% 1,389 $47K No change
RIOT Riot Platforms Inc. 0.01% 4,000 $45K New
MLM Martin Marietta Materials 0.01% 82 $45K No change
LMND Lemonade Inc. 0.01% 1,000 $44K New
DHR Danaher Corp. 0.01% 220 $43K Add +4.8%
CAT Caterpillar Inc. 0.01% 110 $43K Reduce -45.0%
FANG Diamondback Energy Inc. 0.01% 300 $41K New
KLAC KLA Corp. 0.01% 44 $39K No change
ADP Automatic Data Processing 0.01% 125 $39K No change
TM Toyota Motor Corp. -Spon ADR 0.01% 220 $38K No change
NTR Nutrien Ltd. 0.01% 650 $38K No change
BMEZ BlackRock HLTH Sci TRM TR II 0.01% 2,582 $37K Add +3.6%
HSY The Hershey Co. 0.01% 220 $37K Reduce -45.0%
ARCC Ares Capital Corp. 0.01% 1,650 $36K No change
SCHW Schwab (charles) Corp. 0.01% 395 $36K Reduce -79.2%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 500 $36K New
HTGC Hercules Capital Inc. 0.01% 1,961 $36K Add +2.2%
DODFX Dodge & Cox Intl STCK-I 0.01% 582 $36K No change
CMCSA Comcast Corp. Class A 0.01% 973 $35K Reduce -74.3%
AZN Astrazeneca PLC-Spons ADR 0.01% 475 $33K No change
NFG National Fuel Gas Co. 0.00% 375 $32K Reduce -9.4%
PEG Public Service Enterprise GP 0.00% 373 $31K Reduce -9.0%
MARA Mara Holdings Inc. 0.00% 2,000 $31K New
PONAX PIMCO Income Fund-A 0.00% 2,900 $31K No change
TWLO Twilio Inc. Class A 0.00% 250 $31K New
VRTX Vertex Pharmaceuticals Inc. 0.00% 69 $31K No change
PM Philip Morris International 0.00% 164 $30K New
SHOP Shopify Inc. Class A 0.00% 250 $29K New
SNY Sanofi-ADR 0.00% 585 $28K No change
SWSSX Schwab Small-Cap Index 0.00% 771 $27K No change
REZI Resideo Technologies Inc. 0.00% 1,184 $26K Reduce -4.3%
ANWFX Amer FNDS New Perspect-F2 filed as AMERICAN FUNDS NEW PERSPECTIVE F2 0.00% 372 $26K No change
MKSI MKS Inc. 0.00% 250 $25K No change
PNW Pinnacle West Capital 0.00% 270 $24K Reduce -17.2%
DCUSX DWS Croci US Fund-S 0.00% 1,733 $24K No change
AXP American Express Co. 0.00% 74 $24K No change
ASPIX Alger Spectra Fund-I 0.00% 700 $23K No change
VSMAX Vangrd Mrgstr SML CP Idx-Adm 0.00% 200 $23K No change
UGI Ugi Corp. 0.00% 622 $23K No change
DPZ Domino's Pizza Inc. 0.00% 50 $23K New
CLX Clorox Company 0.00% 185 $22K No change
TECK Teck Resources Ltd.-CLS B 0.00% 550 $22K No change
PGNY Progyny Inc. 0.00% 1,000 $22K No change
WY Weyerhaeuser Co. 0.00% 850 $22K No change
KD Kyndryl Holdings Inc. 0.00% 501 $21K Reduce -2.5%
VBIRX Vanguard S/T BND Indx-Adm 0.00% 1,967 $20K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.00% 200 $20K No change
DOCU Docusign Inc. 0.00% 250 $19K New
STX Seagate Technology Holdings 0.00% 127 $18K No change
ADSK Autodesk Inc. 0.00% 59 $18K No change
TEPLX Templeton Growth Fund-A 0.00% 586 $17K No change
B Barrick Mining Corp. 0.00% 800 $17K Reduce -10.7%
SOLV Solventum Corp. 0.00% 214 $16K No change
XLB SS Materials Select Sector 0.00% 178 $16K New
AM Antero Midstream Corp. 0.00% 817 $15K Add +1.2%
LNTH Lantheus Holdings Inc. 0.00% 185 $15K New
FG F&G Annuities & Life Inc. 0.00% 468 $15K No change
ZTS Zoetis Inc. 0.00% 92 $14K No change
VSBSX Vanguard S/T Trsry Indx-Adm 0.00% 730 $14K Add +1.0%
DKNG Draftkings Inc. Class A 0.00% 330 $14K No change
MS Morgan Stanley 0.00% 100 $14K Reduce -50.0%
CMI Cummins Inc. 0.00% 43 $14K No change
NBXG Neuberger Next Generation Co. 0.00% 942 $14K Add +2.3%
TEMFX Templeton Foreign Fund-A 0.00% 1,483 $13K No change
SBUX Starbucks Corp. 0.00% 143 $13K No change
CODI Compass Diversified Holdings 0.00% 2,050 $13K No change
NWN Northwest Natural Holding Co. 0.00% 322 $13K Add +1.3%
PCTY Paylocity Holding Corp. 0.00% 70 $13K No change
JCI Johnson Controls Internation 0.00% 115 $12K No change
LMT Lockheed Martin Corp. 0.00% 26 $12K No change
FBSOX Fidelity Sel Enterpr Tech 0.00% 210 $12K Add +13.5%
SOFI Sofi Technologies Inc. 0.00% 630 $11K No change
PRNEX T Rowe PR New Era-Inv 0.00% 277 $11K No change
POR Portland General Electric Co. 0.00% 267 $11K Add +1.1%
HTO H2O America 0.00% 206 $11K Add +1.0%
AEP American Electric Power 0.00% 100 $10K No change
NOW ServiceNow Inc. 0.00% 10 $10K No change
WAB Wabtec Corp. 0.00% 48 $10K No change
DNOW Dnow Inc. 0.00% 652 $10K No change
MCK McKesson Corp. 0.00% 13 $10K No change
LULU Lululemon Athletica Inc. 0.00% 40 $10K No change
INGR Ingredion Inc. 0.00% 70 $9K No change
MO Altria Group Inc. 0.00% 158 $9K New
TSM Taiwan Semiconductor-SP ADR 0.00% 40 $9K No change
DXC DXC Technology Co. 0.00% 549 $8K No change
BWA Borgwarner Inc. 0.00% 249 $8K No change
SAP Sap SE-Sponsored ADR 0.00% 27 $8K No change
ASIX Advansix Inc. 0.00% 345 $8K No change
APH Amphenol Corp. Class A 0.00% 80 $8K No change
HIG Hartford Insurance Group Inc. 0.00% 56 $7K No change
UBER Uber Technologies Inc. 0.00% 70 $7K No change
TMO Thermo Fisher Scientific Inc. 0.00% 16 $6K Add +14.3%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.00% 200 $6K No change
DPG Duff & Phelps Utility & Inc. 0.00% 501 $6K Add +1.6%
VGENX Vangrd Enrgy Opprty FD-Invst filed as VANGUARD SPECIALIZED PTFLS ENE 0.00% 125 $6K No change
PRWAX T Rowe PR All-Cap Oppor-Inv 0.00% 70 $6K No change
VTABX Vanguard TTL Intl BND-Adm 0.00% 265 $5K No change
STLD Steel Dynamics Inc. 0.00% 40 $5K No change
OLN Olin Corp. 0.00% 250 $5K No change
CHX Championx Corp. 0.00% 202 $5K Reduce -38.2%
SRE Sempra 0.00% 64 $5K No change
NOV Nov Inc. 0.00% 349 $4K No change
ECL Ecolab Inc. 0.00% 16 $4K No change
OXY Occidental Petroleum Corp. 0.00% 100 $4K Reduce -70.5%
VREX Varex Imaging Corp. 0.00% 480 $4K No change
PNR Pentair PLC 0.00% 40 $4K No change
UPS United Parcel Service Class B 0.00% 40 $4K No change
RGR Sturm Ruger & Co. Inc. 0.00% 100 $4K No change
KN Knowles Corp. 0.00% 200 $4K No change
OVV Ovintiv Inc. 0.00% 80 $3K No change
COHR Coherent Corp. 0.00% 30 $3K No change
LEN Lennar Corp. Class A 0.00% 23 $3K No change
ABR Arbor Realty Trust Inc. 0.00% 181 $2K Add +3.4%
XIFR XPLR Infrastructure LP 0.00% 235 $2K No change
WBD Warner Bros Discovery Inc. 0.00% 168 $2K Reduce -40.2%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.00% 23 $2K Reduce -95.7%
SKX Skechers USA Inc. Class A 0.00% 25 $2K No change
AIG American International Group 0.00% 17 $1K No change
BTI British American Tob-SP ADR 0.00% 28 $1K New
EOG EOG Resources Inc. 0.00% 10 $1K No change
BKRIF Bank of Ireland Group PLC filed as BANK IRELAND GROUP PLC ORD SHS 0.00% 66 $929 No change
DEO Diageo PLC-Sponsored ADR 0.00% 8 $807 New
OGN Organon & Co. 0.00% 74 $716 Reduce -28.9%
PLD Prologis Inc. 0.00% 5 $526 No change
EVGO Evgo Inc. 0.00% 130 $475 No change
VTR Ventas Inc. 0.00% 7 $442 No change
SABR Sabre Corp. 0.00% 100 $316 No change
MRP Millrose Properties 0.00% 11 $314 No change
ZIMV Zimvie Inc. 0.00% 19 $178 No change
GM General Motors Co. 0.00% 3 $148 Reduce -99.6%
FLPSX Fidelity Low-Price STK-RTL 0.00% 1 $44 No change
CHPT Chargepoint Holdings Inc. 0.00% 60 $42 No change
SBRA Sabra Health Care REIT Inc. 0.00% 1 $18 No change
Other holdings (16): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
SecurityClassShares / PrincipalValueChange
FIRST HORIZON CORP (FHN V6.6 PERP C) PREFERR 25,731$651KReduce -3.7%
FORD MOTOR COMPANY (F 6.2 06/01/59) NTS DUE 01/06/2059 USD 10,600$222KReduce -6.6%
CHARLES SCHWAB CORP (SCHW 5.95 PERP D) Common Stock 8,800$217KReduce -4.3%
STIFEL FINANCIAL CORP (SF 6.25 PERP B) PREFERR 6,200$146KReduce -3.9%
JPMORGAN CHASE & CO (JPM 6 PERP EE) Common Stock 5,300$134KNo change
AT&T INC (T 5 PERP A) COM 4,000$81KNo change
CITIGROUP CAPITAL XIII (C V0 10/30/40) C.PRN 1,000$29KNo change
MORGAN STANLEY (MS F PERP +A) COM 1,355$29KNo change
GOLDMAN SACHS GROUP INC (GS F PERP C) Preferred Stock 1,048$22KNo change
BANK OF AMERICA CORP (BAC 4.75 PERP SS) PREFERR 750$15KNo change
TDGMW Tidewater Inc.-CW42 WARRANT 207$10KNo change
BANK OF AMERICA CORP (BAC F PERP +4) COM 400$9KNo change
GOLDMAN SACHS GROUP INC (GS F PERP A) COM 344$7KNo change
LIBERTY BROADBAND CORP (LBRDA 7 PERP A) COM 40$998No change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 13$269Reduce -69.0%
SEARS ROEBUCK ACCEPTANCE (SHLD 7.4 02/01/43) PREFERR 291$0No change

Total filed on the 13F, all lines: $649.6M.

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -3.4% 5.94% −1.04
UNH Unitedhealth Group Inc. Reduce -36.1% 0.46% −0.80
CVX Chevron Corp. Reduce -2.4% 1.84% −0.47
COP Conocophillips Reduce -1.2% 1.63% −0.40
FRPH FRP Holdings Inc. Reduce -22.1% 0.71% −0.31
CB Chubb Ltd. Reduce -2.9% 1.92% −0.24
XOM Exxon Mobil Corp. Reduce -1.8% 1.26% −0.23
UNP Union Pacific Corp. Reduce -1.8% 2.12% −0.21
AMGN Amgen Inc. Reduce -1.1% 0.84% −0.16
LLY Eli Lilly & Co. Reduce -12.8% 0.49% −0.14
MDT Medtronic PLC Reduce -2.4% 1.23% −0.13
AFL Aflac Inc. Reduce -1.8% 1.03% −0.13
COST Costco Wholesale Corp. Reduce -1.4% 5.23% −0.09
ABBV Abbvie Inc. Reduce -3.6% 0.38% −0.09
PG The Procter & Gamble Co. Reduce -0.4% 0.67% −0.09
NOC Northrop Grumman Corp. Reduce -3.5% 0.73% −0.08
DOW Dow Inc. Reduce -2.0% 0.18% −0.08
WMB Williams Cos Inc. Reduce -3.8% 1.61% −0.06
HD Home Depot Inc. Reduce -1.2% 0.94% −0.06
TGT Target Corp. Reduce -4.3% 0.34% −0.06
GEHC GE Healthcare Technology Reduce -3.2% 0.27% −0.05
ALL Allstate Corp. Reduce -8.6% 0.26% −0.05
MDLZ Mondelez International Inc. Class A Reduce -0.8% 0.63% −0.04
DD Dupont DE Nemours Inc. Reduce -0.6% 0.24% −0.04
BMY Bristol-Myers Squibb Co. Reduce -1.9% 0.08% −0.03
LIN Linde PLC Reduce -20.9% 0.07% −0.02
INTC Intel Corp. Reduce -4.5% 0.18% −0.02
RNR Renaissancere Holdings Ltd. Reduce -0.7% 0.46% −0.02
BLX Bladex Inc. Reduce -13.7% 0.19% −0.02
KMI Kinder Morgan Inc. Reduce -4.7% 0.27% −0.02
SCHW Schwab (charles) Corp. Reduce -79.2% 0.01% −0.02
PSX Phillips 66 Reduce -14.7% 0.06% −0.02
CMCSA Comcast Corp. Class A Reduce -74.3% 0.01% −0.02
VMC Vulcan Materials Co. Reduce -33.2% 0.04% −0.02
EPD Enterprise Products Partners Reduce -8.2% 0.06% −0.02
BDX Becton Dickinson and Co. Reduce -3.5% 0.03% −0.01
FNF Fidelity National Financial Reduce -3.0% 0.06% −0.01
QCOM Qualcomm Inc. Reduce -1.0% 0.55% −0.01
WM Waste Management Inc. Reduce -40.6% 0.02% −0.01
DOV Dover Corp. Reduce -1.6% 0.55% −0.01
ZBH Zimmer Biomet Holdings Inc. Reduce -0.4% 0.04% −0.01
MTB M & T Bank Corp. Reduce -14.7% 0.08% −0.01
SON Sonoco Products Co. Reduce -50.7% 0.01% −0.01
VTRS Viatris Inc. Reduce -2.4% 0.21% −0.01
TRGP Targa Resources Corp. Sold out 0.00% −0.01
ABT Abbott Laboratories Reduce -2.3% 0.20% −0.01
V Visa Inc. Class A Reduce -0.5% 0.23% −0.01
ROK Rockwell Automation Inc. Reduce -36.0% 0.03% −0.01
COR Cencora Inc. Sold out 0.00% −0.01
SHEL Shell PLC-ADR Reduce -0.5% 0.08% −0.01

Portfolio Buys Q1 2025 → Q2 2025
GEV GE Vernova Inc. Add +20.1% 0.88% +0.44
JLDAX John Hancock II Mult 2020-A New 0.10% +0.10
TXN Texas Instruments Inc. Add +3.7% 0.60% +0.07
F Ford Motor Co. Add +41.1% 0.19% +0.06
PEP Pepsico Inc. Add +33.8% 0.48% +0.05
NVGS Navigator Holdings Ltd. Add +13.8% 0.33% +0.04
T AT&T Inc. Add +7.7% 0.84% +0.04
DIS The Walt Disney Co. Add +0.1% 0.24% +0.04
META Meta Platforms Inc. Class A Add +0.7% 0.18% +0.03
DUK Duke Energy Corp. Add +11.4% 1.07% +0.03
COIN Coinbase Global Inc. Class A Add +13333.3% 0.02% +0.02
NKE Nike Inc. Class B Add +0.1% 0.33% +0.02
DQIAX BNYM Equity Income-A Add +0.0% 0.32% +0.01
FGRIX Fidelity Grwth & Inc. Port New 0.01% +0.01
AMP Ameriprise Financial Inc. Add +120.0% 0.02% +0.01
PGOFX Victory Pioneer Sel M/C GR-A New 0.01% +0.01
RIOT Riot Platforms Inc. New 0.01% +0.01
LMND Lemonade Inc. New 0.01% +0.01
FANG Diamondback Energy Inc. New 0.01% +0.01
TTD Trade Desk Inc./the Class A New 0.01% +0.01
MARA Mara Holdings Inc. New 0.00% +0.00
TWLO Twilio Inc. Class A New 0.00% +0.00
PM Philip Morris International New 0.00% +0.00
SHOP Shopify Inc. Class A New 0.00% +0.00
DPZ Domino's Pizza Inc. New 0.00% +0.00
DOCU Docusign Inc. New 0.00% +0.00
XLB SS Materials Select Sector New 0.00% +0.00
LNTH Lantheus Holdings Inc. New 0.00% +0.00
XLU St Sr Utl SL SE SPDR ETF-Usd Add +19.7% 0.01% +0.00
MO Altria Group Inc. New 0.00% +0.00
VFIAX Vanguard 500 Index-Adm Add +0.4% 0.02% +0.00
FXAIX Fidelity 500 Index Fund Add +0.4% 0.02% +0.00
AIVSX Amer FND Inv Co. of Am-A Add +1.2% 0.01% +0.00
ICAFX Amer FND Inv Co. of Am-F2 Add +1.3% 0.01% +0.00
NBXG Neuberger Next Generation Co. Add +2.3% 0.00% +0.00
BTI British American Tob-SP ADR New 0.00% +0.00
DEO Diageo PLC-Sponsored ADR New 0.00% +0.00
FRBAX JH Region Bank-A Add +0.5% 0.01% +0.00
AM Antero Midstream Corp. Add +1.2% 0.00% 0.00
ABR Arbor Realty Trust Inc. Add +3.4% 0.00% 0.00
DPG Duff & Phelps Utility & Inc. Add +1.6% 0.00% 0.00
FBSOX Fidelity Sel Enterpr Tech Add +13.5% 0.00% 0.00
TMO Thermo Fisher Scientific Inc. Add +14.3% 0.00% −0.00
VSBSX Vanguard S/T Trsry Indx-Adm Add +1.0% 0.00% −0.00
NWN Northwest Natural Holding Co. Add +1.3% 0.00% −0.00
POR Portland General Electric Co. Add +1.1% 0.00% −0.00
HTO H2O America Add +1.0% 0.00% −0.00
BMEZ BlackRock HLTH Sci TRM TR II Add +3.6% 0.01% −0.00
DHR Danaher Corp. Add +4.8% 0.01% −0.00
MET Metlife Inc. Add +0.5% 0.01% −0.00

Notes & Other Activity Q1 2025 → Q2 2025
FIRST HORIZON CORP (FHN V6.6 PERP C) PREFERR Reduce -3.7% 25,731 $651K
FORD MOTOR COMPANY (F 6.2 06/01/59) NTS DUE 01/06/2059 USD Reduce -6.6% 10,600 $222K
CHARLES SCHWAB CORP (SCHW 5.95 PERP D) Common Stock Reduce -4.3% 8,800 $217K
STIFEL FINANCIAL CORP (SF 6.25 PERP B) PREFERR Reduce -3.9% 6,200 $146K
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -69.0% 13 $269

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 320$736.7MMSFT, JPM, AAPL, COST, GOOGL
Q1 2026 357$682.9MMSFT, JPM, AAPL, COST, JNJ
Q4 2025 308$679.2MMSFT, JPM, AAPL, COST, GOOGL
Q3 2025 309$684.2MMSFT, JPM, AAPL, COST, IBM
Q2 2025 314$648.1MMSFT, JPM, AAPL, COST, IBM
Q1 2025 314$617.3MMSFT, JPM, AAPL, COST, IBM
Q4 2024 332$646.9MMSFT, AAPL, JPM, COST, HON
Q3 2024 343$668.9MMSFT, AAPL, JPM, COST, IBM
Q2 2024 334$648.0MMSFT, AAPL, JPM, COST, HON
Q1 2024 341$645.5MMSFT, JPM, AAPL, COST, UNP