Fogel Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Fogel Capital Management, Inc. reported 43 stock positions worth $185.9 million. Its top holding was Microsoft (MSFT) at 14.5% of the portfolio, followed by Alphabet Class A (GOOGL, 9.9%) and Berkshire Hathaway Class B (BRK.B, 8.5%). Compared with Q4 2024, it opened 9 new positions, sold out of 6, added to 15 and reduced 11. The biggest buy was a new position in Arch Capital (ACGL) and the biggest sale Broadcom (AVGO, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- STUART, FL
- CIK
- 0002011427
- Portfolio Value
- $185.9M (Q1 2025)
- SEC Filing
- 0001415889-25-010855 ↗ filed Apr 17, 2025
Holdings Value
Holdings 43 stocks · $185.9M
| MSFT Microsoft Corp. | 14.45% | 71,588 | $26.9M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 9.85% | 118,422 | $18.3M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 8.55% | 29,844 | $15.9M | Reduce -0.4% |
| CB Chubb Ltd. | 7.98% | 49,135 | $14.8M | Add +1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 7.11% | 316,906 | $13.2M | Reduce -0.3% |
| EPD Enterprise Products Partners | 6.41% | 348,920 | $11.9M | Reduce -0.3% |
| ET Energy Transfer LP | 4.28% | 427,939 | $8.0M | Add +6.7% |
| COP Conocophillips | 3.44% | 60,939 | $6.4M | Add +0.6% |
| JNJ Johnson & Johnson | 3.33% | 37,380 | $6.2M | Reduce -3.4% |
| AVGO Broadcom Inc. | 3.25% | 36,092 | $6.0M | Reduce -49.7% |
| MELI MercadoLibre Inc. | 2.75% | 2,616 | $5.1M | Add +10.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.70% | 8,959 | $5.0M | Add +1.8% |
| MCO Moody's Corp. | 2.69% | 10,720 | $5.0M | Reduce -0.4% |
| ESLT Elbit Systems Ltd. | 2.40% | 11,644 | $4.5M | Reduce -2.3% |
| AAPL Apple Inc. | 2.40% | 20,062 | $4.5M | Add +3.3% |
| KTOS Kratos Defense & Security | 2.32% | 145,355 | $4.3M | Add +16.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.98% | 14,200 | $3.7M | Reduce -0.1% |
| TDY Teledyne Technologies Inc. | 1.86% | 6,952 | $3.5M | Add +5.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.72% | 4 | $3.2M | No change |
| ACGL Arch Capital Group Ltd. | 1.55% | 29,989 | $2.9M | New |
| DE Deere & Co. | 1.49% | 5,900 | $2.8M | No change |
| EEM iShares MSCI Emerging Market | 0.99% | 41,949 | $1.8M | Reduce -3.5% |
| CVX Chevron Corp. | 0.82% | 9,134 | $1.5M | Add +66.5% |
| PFF iShares Preferred & Income S | 0.79% | 47,550 | $1.5M | Add +2.1% |
| BF.B Brown-Forman Corp. Class B | 0.72% | 39,600 | $1.3M | New |
| NVDA Nvidia Corp. | 0.55% | 9,397 | $1.0M | Add +234.1% |
| VST Vistra Corp. | 0.49% | 7,825 | $919K | New |
| EQT Eqt Corp. | 0.41% | 14,300 | $764K | New |
| HON Honeywell International Inc. | 0.40% | 3,532 | $748K | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.37% | 1,638 | $688K | No change |
| UNH Unitedhealth Group Inc. | 0.29% | 1,017 | $533K | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.21% | 3,311 | $394K | Add +38.6% |
| IVV iShares Core S&P 500 ETF | 0.21% | 697 | $392K | Add +2.0% |
| DVY iShares Select Dividend ETF | 0.21% | 2,870 | $385K | No change |
| AMZN Amazon.com Inc. | 0.17% | 1,631 | $310K | New |
| ENB Enbridge Inc. | 0.16% | 6,547 | $290K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 1,319 | $228K | No change |
| TSLA Tesla Inc. | 0.12% | 880 | $228K | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.12% | 1,422 | $222K | New |
| ARKB ARK 21SHARES Bitcoin ETF | 0.12% | 2,650 | $218K | New |
| META Meta Platforms Inc. Class A | 0.12% | 375 | $216K | New |
| IJH iShares Core S&P Midcap ETF | 0.11% | 3,480 | $203K | No change |
| ORIGIN MATERIALS INC | 0.01% | 19,200 | $13K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 55,000 | $3K | No change |
Total filed on the 13F, all lines: $185.9M.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -49.7% | 3.25% | −5.10 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −2.48 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −2.39 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 9.85% | −1.53 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −1.23 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.25 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.10 |
| XEVVX Eaton Vance Ltd. Durat Inc. | Sold out | 0.00% | −0.09 |
| TSLA Tesla Inc. | Reduce -0.9% | 0.12% | −0.06 |
| EEM iShares MSCI Emerging Market | Reduce -3.5% | 0.99% | +0.07 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 1.98% | +0.09 |
| BAC Bank of America Corp. | Reduce -0.3% | 7.11% | +0.10 |
| MCO Moody's Corp. | Reduce -0.4% | 2.69% | +0.12 |
| JNJ Johnson & Johnson | Reduce -3.4% | 3.33% | +0.52 |
| ESLT Elbit Systems Ltd. | Reduce -2.3% | 2.40% | +0.86 |
| EPD Enterprise Products Partners | Reduce -0.3% | 6.41% | +0.90 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 8.55% | +1.72 |
Portfolio Buys Q4 2024 → Q1 2025
| ACGL Arch Capital Group Ltd. | New | 1.55% | +1.55 |
| CB Chubb Ltd. | Add +1.1% | 7.98% | +1.23 |
| BF.B Brown-Forman Corp. Class B | New | 0.72% | +0.72 |
| MELI MercadoLibre Inc. | Add +10.5% | 2.75% | +0.72 |
| KTOS Kratos Defense & Security | Add +16.7% | 2.32% | +0.67 |
| VST Vistra Corp. | New | 0.49% | +0.49 |
| CVX Chevron Corp. | Add +66.5% | 0.82% | +0.42 |
| COP Conocophillips | Add +0.6% | 3.44% | +0.42 |
| EQT Eqt Corp. | New | 0.41% | +0.41 |
| HON Honeywell International Inc. | New | 0.40% | +0.40 |
| NVDA Nvidia Corp. | Add +234.1% | 0.55% | +0.36 |
| ET Energy Transfer LP | Add +6.7% | 4.28% | +0.33 |
| TDY Teledyne Technologies Inc. | Add +5.1% | 1.86% | +0.32 |
| AMZN Amazon.com Inc. | New | 0.17% | +0.17 |
| GOOG Alphabet Inc. Class C | New | 0.12% | +0.12 |
| ARKB ARK 21SHARES Bitcoin ETF | New | 0.12% | +0.12 |
| META Meta Platforms Inc. Class A | New | 0.12% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.8% | 2.70% | +0.10 |
| XOM Exxon Mobil Corp. | Add +38.6% | 0.21% | +0.08 |
| PFF iShares Preferred & Income S | Add +2.1% | 0.79% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +0.8% | 0.29% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +2.0% | 0.21% | +0.01 |
| AAPL Apple Inc. | Add +3.3% | 2.40% | −0.05 |
| MSFT Microsoft Corp. | Add +0.6% | 14.45% | −0.61 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 57 | $248.7M | GOOGL, MSFT, CB, BRK.B, EPD |
| Q1 2026 | 52 | $218.7M | GOOGL, MSFT, CB, EPD, BRK.B |
| Q4 2025 | 50 | $217.0M | GOOGL, MSFT, CB, BRK.B, AVGO |
| Q3 2025 | 54 | $216.1M | GOOGL, MSFT, BRK.B, CB, KTOS |
| Q2 2025 | 52 | $187.5M | MSFT, GOOGL, BRK.B, CB, EPD |
| Q1 2025 | 43 | $185.9M | MSFT, GOOGL, BRK.B, CB, BAC |
| Q4 2024 | 40 | $199.0M | MSFT, GOOGL, AVGO, BAC, BRK.B |
| Q3 2024 | 38 | $193.9M | MSFT, GOOGL, BRK.B, CB, BAC |
| Q2 2024 | 38 | $187.8M | MSFT, GOOGL, BAC, BRK.B, CB |
| Q1 2024 | 37 | $170.1M | MSFT, GOOGL, BRK.B, BAC, CB |