EULAV Asset Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), EULAV Asset Management reported 145 stock positions worth $3.7 billion. Its top holding was Tyler Technologies (TYL) at 3.0% of the portfolio, followed by Heico (HEI, 2.9%) and MSCI (MSCI, 2.8%). Compared with Q3 2025, it opened 4 new positions, sold out of 13, added to 26 and reduced 61. The biggest buy was a new position in AutoZone (AZO) and the biggest sale an exit from CDW (CDW).

Most Recent 13F
Q2 2026
Location
SARASOTA, FL
CIK
0001540826
Portfolio Value
$3.7B (Q4 2025)
SEC Filing
0001540826-26-000001 ↗ filed Feb 11, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $3.6B Q1 2024 Q2 2024: $3.7B Q2 2024 Q3 2024: $4.1B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $4.0B Q1 2025 Q2 2025: $4.3B Q2 2025 Q3 2025: $4.3B Q3 2025 Q4 2025: $3.7B $3.7B Q4 2025 Q1 2026: $3.1B Q1 2026 Q2 2026: $3.1B Q2 2026

Holdings 145 stocks · $3.7B
TYL Tyler Technologies Inc. 3.02% 249,082 $113.1M No change
HEI Heico Corp. 2.88% 333,697 $108.0M Reduce -20.5%
MSCI MSCI Inc. 2.85% 185,976 $106.7M Reduce -7.5%
WCN Waste Connections Inc. 2.76% 590,713 $103.6M Reduce -4.8%
CASY Casey's General Stores Inc. 2.57% 174,200 $96.3M No change
CACI Caci International Inc. Class A 2.50% 176,204 $93.9M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 2.42% 1,295,464 $90.8M No change
CDNS Cadence Design SYS Inc. 2.41% 289,300 $90.4M No change
IDXX Idexx Laboratories Inc. 2.28% 126,218 $85.4M Reduce 0.0%
LII Lennox International Inc. 2.19% 168,700 $81.9M Reduce -10.0%
MPWR Monolithic Power Systems Inc. 1.88% 77,682 $70.4M Reduce -28.3%
IQV Iqvia Holdings Inc. 1.86% 309,003 $69.7M Add +0.0%
CTAS Cintas Corp. 1.83% 365,635 $68.8M Reduce -27.1%
AFG American Financial Group Inc. 1.82% 498,692 $68.2M No change
MSI Motorola Solutions Inc. 1.80% 176,100 $67.5M No change
RSG Republic Services Inc. 1.73% 305,603 $64.8M Reduce -5.6%
ROP Roper Technologies Inc. 1.61% 135,669 $60.4M No change
NVDA Nvidia Corp. 1.59% 319,121 $59.5M Reduce -4.8%
FIX Comfort Systems USA Inc. 1.51% 60,708 $56.7M Reduce -49.7%
TDY Teledyne Technologies Inc. 1.45% 106,500 $54.4M No change
WWD Woodward Inc. 1.40% 174,011 $52.6M Add +53.2%
FICO Fair Isaac Corp. 1.39% 30,900 $52.2M Reduce -36.3%
META Meta Platforms Inc. Class A 1.37% 78,005 $51.5M Add +5.4%
NOW ServiceNow Inc. 1.29% 316,320 $48.5M Reduce -1.7%
COST Costco Wholesale Corp. 1.29% 56,100 $48.4M No change
GOOGL Alphabet Inc. Class A 1.27% 152,000 $47.6M Reduce -3.8%
AMD Advanced Micro Devices 1.11% 194,010 $41.5M Reduce -4.4%
RBC RBC Bearings Inc. 1.09% 91,100 $40.9M Add +15.9%
TDG Transdigm Group Inc. 1.05% 29,657 $39.4M Reduce -28.6%
AMZN Amazon.com Inc. 1.03% 168,013 $38.8M Add +14.7%
GIB Cgi Inc. 0.98% 397,110 $36.7M No change
SYK Stryker Corp. 0.95% 101,813 $35.8M Reduce -16.4%
BRO Brown & Brown Inc. 0.95% 444,900 $35.5M No change
APP AppLovin Corp. Class A 0.94% 52,503 $35.4M Reduce -10.3%
AZO AutoZone Inc. 0.90% 10,000 $33.9M New
POOL Pool Corp. 0.89% 146,261 $33.5M Reduce -21.9%
WTS Watts Water Technologies-A 0.84% 114,656 $31.6M Add +15.7%
AVGO Broadcom Inc. 0.84% 91,030 $31.5M Add +4.6%
UBER Uber Technologies Inc. 0.82% 376,000 $30.7M Add +7.7%
SPGI S&P Global Inc. 0.80% 57,192 $29.9M Reduce -16.1%
MSFT Microsoft Corp. 0.77% 60,032 $29.0M Add +6.2%
WST West Pharmaceutical Services 0.77% 104,616 $28.8M No change
FN Fabrinet 0.76% 62,700 $28.5M Reduce -12.6%
MDGL Madrigal Pharmaceuticals Inc. 0.76% 49,000 $28.5M Reduce -3.9%
HOOD Robinhood Markets Inc. Class A 0.76% 252,000 $28.5M Reduce -11.6%
FSS Federal Signal Corp. 0.76% 261,836 $28.4M Reduce -0.0%
ENSG The Ensign Group Inc. 0.75% 162,100 $28.2M Add +1.9%
ICE Intercontinental Exchange Inc. 0.71% 164,833 $26.7M Reduce -44.7%
TSLA Tesla Inc. 0.71% 59,000 $26.5M Reduce -1.7%
RLI Rli Corp. 0.71% 414,000 $26.5M No change
COIN Coinbase Global Inc. Class A 0.71% 117,000 $26.5M Add +31.5%
AIT Applied Industrial Tech Inc. 0.70% 102,100 $26.2M Add +2.0%
NFLX Netflix Inc. 0.68% 273,000 $25.6M Add +11.4%
EXLS Exlservice Holdings Inc. 0.66% 584,065 $24.8M Reduce -0.0%
MRSH Marsh & McLennan Cos 0.65% 132,000 $24.5M No change
CHDN Churchill Downs Inc. 0.64% 209,862 $23.9M Reduce -22.4%
EXEL Exelixis Inc. 0.63% 535,043 $23.5M Reduce -6.1%
SPXC SPX Technologies Inc. 0.62% 116,500 $23.3M Add +61.8%
POST Post Holdings Inc. filed as POST HLDGS INC 0.59% 225,025 $22.3M Reduce -0.0%
MSTR Strategy Inc. 0.56% 138,000 $21.0M Add +59.5%
MTD Mettler-Toledo International 0.52% 14,100 $19.7M No change
ROL Rollins Inc. 0.52% 324,697 $19.5M No change
BR Broadridge Financial Solutio 0.51% 86,000 $19.2M Add +186.7%
TT Trane Technologies PLC 0.50% 48,000 $18.7M No change
MEDP Medpace Holdings Inc. 0.49% 32,518 $18.3M Add +0.0%
V Visa Inc. Class A 0.49% 52,011 $18.2M Reduce -5.5%
EXPO Exponent Inc. 0.49% 262,100 $18.2M Reduce -15.9%
INTU Intuit Inc. 0.48% 27,410 $18.2M Reduce -46.7%
CRM Salesforce Inc. 0.47% 67,014 $17.8M Reduce -24.7%
TMO Thermo Fisher Scientific Inc. 0.45% 29,400 $17.0M No change
GATX Gatx Corp. 0.45% 100,100 $17.0M Add +5.0%
MA Mastercard Inc. Class A 0.44% 28,649 $16.4M Add +29.6%
CRWD CrowdStrike Holdings Inc. Class A 0.43% 34,200 $16.0M No change
BMI Badger Meter Inc. 0.42% 91,200 $15.9M No change
AAON Aaon Inc. 0.42% 208,500 $15.9M No change
CHE Chemed Corp. 0.42% 36,605 $15.7M Reduce -61.5%
CRS Carpenter Technology 0.41% 49,000 $15.4M No change
BLD Topbuild Corp. 0.41% 36,400 $15.2M No change
MU Micron Technology Inc. 0.40% 53,011 $15.1M Add +6.0%
MTSI Macom Technology Solutions H 0.40% 87,046 $14.9M No change
RUSHA Rush Enterprises Inc. Class A 0.40% 276,100 $14.9M No change
INSM Insmed Inc. 0.38% 81,000 $14.1M Reduce -10.0%
MMSI Merit Medical Systems Inc. 0.37% 158,000 $13.9M No change
AYI Acuity Inc. 0.36% 37,000 $13.3M No change
CRWV Coreweave Inc. Class A 0.35% 185,000 $13.2M Add +37.0%
SF Stifel Financial Corp. 0.35% 104,422 $13.1M No change
CVCO Cavco Industries Inc. 0.35% 21,900 $12.9M No change
APPF Appfolio Inc. Class A 0.34% 55,449 $12.9M No change
SHOP Shopify Inc. Class A 0.34% 80,000 $12.9M Reduce -4.8%
ROKU Roku Inc. 0.34% 118,000 $12.8M Reduce -11.9%
MSA Msa Safety Inc. 0.33% 77,600 $12.4M No change
PH Parker Hannifin Corp. 0.33% 14,000 $12.3M New
PRI Primerica Inc. 0.33% 47,400 $12.2M No change
PLUS Eplus Inc. 0.33% 139,000 $12.2M No change
EME Emcor Group Inc. 0.32% 19,603 $12.0M Reduce -0.0%
RIVN Rivian Automotive Inc. Class A 0.31% 590,000 $11.6M Reduce -4.8%
GPI Group 1 Automotive Inc. 0.29% 28,015 $11.0M No change
LLY Eli Lilly & Co. 0.27% 9,510 $10.2M Add +0.1%
KAI Kadant Inc. 0.27% 35,800 $10.2M No change
VRTX Vertex Pharmaceuticals Inc. 0.27% 22,000 $10.0M No change

Show all 145 holdings

Portfolio Sells Q3 2025 → Q4 2025
CDW CDW Corp. Sold out 0.00% −1.27
IT Gartner Inc. Reduce -83.3% 0.24% −1.08
FIX Comfort Systems USA Inc. Reduce -49.7% 1.51% −0.80
ATR Aptargroup Inc. Reduce -77.9% 0.23% −0.75
CHE Chemed Corp. Reduce -61.5% 0.42% −0.57
CTAS Cintas Corp. Reduce -27.1% 1.83% −0.56
WSO Watsco Inc. Sold out 0.00% −0.53
POOL Pool Corp. Reduce -21.9% 0.89% −0.46
ICE Intercontinental Exchange Inc. Reduce -44.7% 0.71% −0.45
MPWR Monolithic Power Systems Inc. Reduce -28.3% 1.88% −0.44
ZTS Zoetis Inc. Sold out 0.00% −0.43
SNPS Synopsys Inc. Reduce -73.7% 0.16% −0.40
EXAS Exact Sciences Corp. Sold out 0.00% −0.34
INTU Intuit Inc. Reduce -46.7% 0.48% −0.33
FICO Fair Isaac Corp. Reduce -36.3% 1.39% −0.29
HEI Heico Corp. Reduce -20.5% 2.88% −0.27
DHR Danaher Corp. Sold out 0.00% −0.25
TDG Transdigm Group Inc. Reduce -28.6% 1.05% −0.22
SLGN Silgan Holdings Inc. Sold out 0.00% −0.22
HOOD Robinhood Markets Inc. Class A Reduce -11.6% 0.76% −0.19
DKNG Draftkings Inc. Class A Reduce -76.9% 0.06% −0.17
FFIN First Finl Bankshares Inc. Sold out 0.00% −0.16
SPSC SPS Commerce Inc. Sold out 0.00% −0.14
LII Lennox International Inc. Reduce -10.0% 2.19% −0.12
NSIT Insight Enterprises Inc. Reduce -82.1% 0.02% −0.11
LSTR Landstar System Inc. Sold out 0.00% −0.10
SYK Stryker Corp. Reduce -16.4% 0.95% −0.09
NOW ServiceNow Inc. Reduce -1.7% 1.29% −0.08
WDAY Workday Inc. Class A Reduce -26.2% 0.26% −0.08
CROX Crocs Inc. Sold out 0.00% −0.08
WD Walker & Dunlop Inc. Reduce -77.9% 0.01% −0.06
TREX Trex Company Inc. Sold out 0.00% −0.06
DXCM Dexcom Inc. Sold out 0.00% −0.04
JJSF J & J Snack Foods Corp. Reduce -47.5% 0.05% −0.04
APP AppLovin Corp. Class A Reduce -10.3% 0.94% −0.03
QCOM Qualcomm Inc. Reduce -53.3% 0.03% −0.03
LFUS Littelfuse Inc. Sold out 0.00% −0.02
EXPO Exponent Inc. Reduce -15.9% 0.49% −0.02
CRM Salesforce Inc. Reduce -24.7% 0.47% −0.02
LYFT LYFT Inc. Class A Reduce -9.1% 0.10% −0.01
IBKR Interactive Brokers Gro Class A Reduce -8.8% 0.11% −0.00
BX Blackstone Inc. Reduce -3.1% 0.13% +0.00
TNET Trinet Group Inc. Reduce -0.0% 0.10% +0.00
RSG Republic Services Inc. Reduce -5.6% 1.73% +0.00
FANG Diamondback Energy Inc. Reduce -12.0% 0.09% +0.01
DIS The Walt Disney Co. Reduce -6.7% 0.09% +0.01
HLT Hilton Worldwide Holdings Inc. Reduce -8.3% 0.08% +0.01
BAC Bank of America Corp. Reduce -10.4% 0.14% +0.01
DAL Delta Air Lines Inc. Reduce -12.4% 0.10% +0.02
GS Goldman Sachs Group Inc. Reduce -7.7% 0.14% +0.02

Portfolio Buys Q3 2025 → Q4 2025
AZO AutoZone Inc. New 0.90% +0.90
WWD Woodward Inc. Add +53.2% 1.40% +0.74
IQV Iqvia Holdings Inc. Add +0.0% 1.86% +0.49
RBC RBC Bearings Inc. Add +15.9% 1.09% +0.38
BR Broadridge Financial Solutio Add +186.7% 0.51% +0.35
PH Parker Hannifin Corp. New 0.33% +0.33
SPXC SPX Technologies Inc. Add +61.8% 0.62% +0.31
AMZN Amazon.com Inc. Add +14.7% 1.03% +0.29
ORLY O'reilly Automotive Inc. New 0.22% +0.22
MU Micron Technology Inc. Add +6.0% 0.40% +0.21
WTS Watts Water Technologies-A Add +15.7% 0.84% +0.20
AVGO Broadcom Inc. Add +4.6% 0.84% +0.17
MA Mastercard Inc. Class A Add +29.6% 0.44% +0.14
ENSG The Ensign Group Inc. Add +1.9% 0.75% +0.11
META Meta Platforms Inc. Class A Add +5.4% 1.37% +0.11
LLY Eli Lilly & Co. Add +0.1% 0.27% +0.10
MEDP Medpace Holdings Inc. Add +0.0% 0.49% +0.10
MSFT Microsoft Corp. Add +6.2% 0.77% +0.09
AIT Applied Industrial Tech Inc. Add +2.0% 0.70% +0.09
GATX Gatx Corp. Add +5.0% 0.45% +0.07
SSD Simpson Manufacturing Co. Inc. Add +33.9% 0.19% +0.06
ENVA Enova International Inc. New 0.05% +0.05
UBER Uber Technologies Inc. Add +7.7% 0.82% +0.02
BABA Alibaba Group Holding-SP ADR Add +22.9% 0.17% +0.02
QLYS Qualys Inc. Add +0.0% 0.08% +0.01
COIN Coinbase Global Inc. Class A Add +31.5% 0.71% +0.01
ACIW Aci Worldwide Inc. Add +0.0% 0.18% +0.01
NFLX Netflix Inc. Add +11.4% 0.68% 0.00
CRWV Coreweave Inc. Class A Add +37.0% 0.35% −0.08
MSTR Strategy Inc. Add +59.5% 0.56% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 152$3.1BWWD, CDNS, HEI, RBC, TDY
Q1 2026 133$3.1BWCN, CACI, CASY, WWD, HEI
Q4 2025 145$3.7BTYL, HEI, MSCI, WCN, CASY
Q3 2025 154$4.3BHEI, TYL, MSCI, WCN, CTAS
Q2 2025 160$4.3BHEI, TYL, MSCI, WCN, CTAS
Q1 2025 165$4.0BTYL, HEI, TDG, WCN, MSCI
Q4 2024 163$4.2BTYL, TDG, LII, MSCI, FICO
Q3 2024 165$4.1BTDG, TYL, CTAS, FICO, MSCI
Q2 2024 170$3.7BTDG, CTAS, TYL, LII, FICO
Q1 2024 175$3.6BTDG, CTAS, MSCI, TYL, IT