Fogel Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Fogel Capital Management, Inc. reported 54 stock positions worth $216.1 million. Its top holding was Alphabet Class A (GOOGL) at 13.3% of the portfolio, followed by Microsoft (MSFT, 11.4%) and Berkshire Hathaway Class B (BRK.B, 7.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 26 and reduced 11. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- STUART, FL
- CIK
- 0002011427
- Portfolio Value
- $216.1M (Q3 2025)
- SEC Filing
- 0002011427-25-000004 ↗ filed Oct 21, 2025
Holdings Value
Holdings 54 stocks · $216.1M
| GOOGL Alphabet Inc. Class A | 13.30% | 118,227 | $28.7M | Add +0.3% |
| MSFT Microsoft Corp. | 11.39% | 47,539 | $24.6M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.00% | 30,091 | $15.1M | Add +0.0% |
| CB Chubb Ltd. | 6.37% | 48,773 | $13.8M | Add +0.2% |
| KTOS Kratos Defense & Security | 5.93% | 140,310 | $12.8M | Reduce -1.0% |
| AVGO Broadcom Inc. | 5.57% | 36,476 | $12.0M | Add +0.9% |
| EPD Enterprise Products Partners | 5.23% | 361,740 | $11.3M | Add +1.8% |
| ET Energy Transfer LP | 3.92% | 493,055 | $8.5M | Add +11.7% |
| MELI MercadoLibre Inc. | 3.22% | 2,974 | $7.0M | Add +3.8% |
| JNJ Johnson & Johnson | 3.15% | 36,677 | $6.8M | Reduce -0.3% |
| ESLT Elbit Systems Ltd. | 2.93% | 12,427 | $6.3M | Add +5.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.77% | 8,976 | $6.0M | Add +0.0% |
| COP Conocophillips | 2.56% | 58,483 | $5.5M | Reduce -0.5% |
| MCO Moody's Corp. | 2.46% | 11,170 | $5.3M | Add +0.9% |
| AAPL Apple Inc. | 2.27% | 19,238 | $4.9M | Reduce -4.1% |
| TDY Teledyne Technologies Inc. | 2.04% | 7,525 | $4.4M | Add +2.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.95% | 14,366 | $4.2M | Add +0.3% |
| AMZN Amazon.com Inc. | 1.94% | 19,097 | $4.2M | Add +10.9% |
| ACGL Arch Capital Group Ltd. | 1.51% | 35,964 | $3.3M | Add +0.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.40% | 4 | $3.0M | No change |
| DE Deere & Co. | 1.28% | 6,040 | $2.8M | Add +1.3% |
| BA The Boeing Co. | 1.21% | 12,116 | $2.6M | New |
| EQT Eqt Corp. | 1.11% | 43,880 | $2.4M | Add +51.7% |
| EEM iShares MSCI Emerging Market | 1.07% | 43,445 | $2.3M | Add +3.6% |
| NVDA Nvidia Corp. | 0.88% | 10,195 | $1.9M | Add +7.9% |
| CVX Chevron Corp. | 0.75% | 10,504 | $1.6M | Add +1.6% |
| IWM iShares Russell 2000 ETF | 0.74% | 6,653 | $1.6M | Add +14.7% |
| VST Vistra Corp. | 0.72% | 7,907 | $1.5M | Add +0.1% |
| PFF iShares Preferred & Income S | 0.71% | 48,730 | $1.5M | Add +17.6% |
| HON Honeywell International Inc. | 0.50% | 5,127 | $1.1M | Add +33.1% |
| BF.B Brown-Forman Corp. Class B | 0.49% | 38,800 | $1.1M | Reduce -0.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.35% | 1,611 | $747K | Reduce -1.6% |
| MRSH Marsh & McLennan Cos | 0.24% | 2,614 | $527K | No change |
| SE Sea Ltd.-ADR | 0.23% | 2,785 | $498K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 9,269 | $478K | Reduce -9.4% |
| IVV iShares Core S&P 500 ETF | 0.22% | 705 | $472K | No change |
| V Visa Inc. Class A | 0.21% | 1,314 | $449K | Add +70.9% |
| PLTR Palantir Technologies Inc. Class A | 0.19% | 2,231 | $407K | Add +0.7% |
| UNH Unitedhealth Group Inc. | 0.16% | 1,028 | $355K | Reduce -0.8% |
| TSLA Tesla Inc. | 0.16% | 780 | $347K | No change |
| GOOG Alphabet Inc. Class C | 0.16% | 1,422 | $346K | No change |
| DVY iShares Select Dividend ETF | 0.15% | 2,345 | $333K | No change |
| ENB Enbridge Inc. | 0.15% | 6,547 | $330K | No change |
| ARKB ARK 21SHARES Bitcoin ETF | 0.14% | 7,950 | $302K | No change |
| XOM Exxon Mobil Corp. | 0.14% | 2,676 | $302K | Reduce -10.2% |
| META Meta Platforms Inc. Class A | 0.13% | 375 | $275K | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.12% | 3,650 | $268K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 1,319 | $250K | No change |
| VOO Vanguard S&P 500 ETF | 0.11% | 388 | $238K | Reduce -2.0% |
| IWF iShares Russell 1000 Growth | 0.11% | 505 | $237K | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.11% | 3,535 | $230K | New |
| IJH iShares Core S&P Midcap ETF | 0.11% | 3,480 | $227K | No change |
| AXP American Express Co. | 0.10% | 661 | $220K | Add +4.8% |
| ORIGIN MATERIALS INC | 0.00% | 19,200 | $10K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $803 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | 55,000 | $803 | No change |
Total filed on the 13F, all lines: $216.1M.
Portfolio Sells Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Reduce -0.1% | 11.39% | −1.23 |
| COP Conocophillips | Reduce -0.5% | 2.56% | −0.25 |
| BF.B Brown-Forman Corp. Class B | Reduce -0.5% | 0.49% | −0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -1.6% | 0.35% | −0.04 |
| BAC Bank of America Corp. | Reduce -9.4% | 0.22% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -10.2% | 0.14% | −0.03 |
| PRME Prime Medicine Inc. | Sold out | 0.00% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -2.0% | 0.11% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.8% | 0.16% | −0.01 |
| AAPL Apple Inc. | Reduce -4.1% | 2.27% | +0.07 |
| JNJ Johnson & Johnson | Reduce -0.3% | 3.15% | +0.15 |
| KTOS Kratos Defense & Security | Reduce -1.0% | 5.93% | +2.42 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +0.3% | 13.30% | +2.22 |
| BA The Boeing Co. | New | 1.21% | +1.21 |
| AVGO Broadcom Inc. | Add +0.9% | 5.57% | +0.25 |
| SE Sea Ltd.-ADR | New | 0.23% | +0.23 |
| EQT Eqt Corp. | Add +51.7% | 1.11% | +0.21 |
| ESLT Elbit Systems Ltd. | Add +5.9% | 2.93% | +0.12 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.11% | +0.11 |
| NVDA Nvidia Corp. | Add +7.9% | 0.88% | +0.08 |
| IWM iShares Russell 2000 ETF | Add +14.7% | 0.74% | +0.08 |
| V Visa Inc. Class A | Add +70.9% | 0.21% | +0.06 |
| TDY Teledyne Technologies Inc. | Add +2.8% | 2.04% | +0.04 |
| PFF iShares Preferred & Income S | Add +17.6% | 0.71% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +0.7% | 0.19% | +0.03 |
| HON Honeywell International Inc. | Add +33.1% | 0.50% | +0.02 |
| EEM iShares MSCI Emerging Market | Add +3.6% | 1.07% | −0.00 |
| AXP American Express Co. | Add +4.8% | 0.10% | −0.01 |
| CVX Chevron Corp. | Add +1.6% | 0.75% | −0.04 |
| AMZN Amazon.com Inc. | Add +10.9% | 1.94% | −0.07 |
| VST Vistra Corp. | Add +0.1% | 0.72% | −0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.3% | 1.95% | −0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.0% | 2.77% | −0.19 |
| ACGL Arch Capital Group Ltd. | Add +0.9% | 1.51% | −0.22 |
| DE Deere & Co. | Add +1.3% | 1.28% | −0.34 |
| ET Energy Transfer LP | Add +11.7% | 3.92% | −0.35 |
| MCO Moody's Corp. | Add +0.9% | 2.46% | −0.50 |
| EPD Enterprise Products Partners | Add +1.8% | 5.23% | −0.64 |
| MELI MercadoLibre Inc. | Add +3.8% | 3.22% | −0.78 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.0% | 7.00% | −0.79 |
| CB Chubb Ltd. | Add +0.2% | 6.37% | −1.15 |
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 |