Fogel Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Fogel Capital Management, Inc. reported 50 stock positions worth $217.0 million. Its top holding was Alphabet Class A (GOOGL) at 17.1% of the portfolio, followed by Microsoft (MSFT, 10.7%) and Chubb (CB, 7.1%). Compared with Q3 2025, it opened 2 new positions, sold out of 6, added to 29 and reduced 9. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Kratos Defense & Security (KTOS, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- STUART, FL
- CIK
- 0002011427
- Portfolio Value
- $217.0M (Q4 2025)
- SEC Filing
- 0002011427-26-000002 ↗ filed Feb 2, 2026
Holdings Value
Holdings 50 stocks · $217.0M
| GOOGL Alphabet Inc. Class A | 17.13% | 118,768 | $37.2M | Add +0.5% |
| MSFT Microsoft Corp. | 10.75% | 48,214 | $23.3M | Add +1.4% |
| CB Chubb Ltd. | 7.08% | 49,183 | $15.4M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.97% | 30,106 | $15.1M | Add +0.1% |
| AVGO Broadcom Inc. | 5.83% | 36,560 | $12.7M | Add +0.2% |
| EPD Enterprise Products Partners | 5.56% | 376,440 | $12.1M | Add +4.1% |
| ET Energy Transfer LP | 3.81% | 500,996 | $8.3M | Add +1.6% |
| JNJ Johnson & Johnson | 3.52% | 36,882 | $7.6M | Add +0.6% |
| ESLT Elbit Systems Ltd. | 3.41% | 12,807 | $7.4M | Add +3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.83% | 8,997 | $6.1M | Add +0.2% |
| MELI MercadoLibre Inc. | 2.79% | 3,005 | $6.1M | Add +1.0% |
| MCO Moody's Corp. | 2.68% | 11,375 | $5.8M | Add +1.8% |
| KTOS Kratos Defense & Security | 2.60% | 74,400 | $5.6M | Reduce -47.0% |
| AAPL Apple Inc. | 2.46% | 19,598 | $5.3M | Add +1.9% |
| COP Conocophillips | 2.12% | 49,133 | $4.6M | Reduce -16.0% |
| AMZN Amazon.com Inc. | 2.07% | 19,418 | $4.5M | Add +1.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.92% | 14,389 | $4.2M | Add +0.2% |
| TDY Teledyne Technologies Inc. | 1.77% | 7,530 | $3.8M | Add +0.1% |
| ACGL Arch Capital Group Ltd. | 1.59% | 36,004 | $3.5M | Add +0.1% |
| EQT Eqt Corp. | 1.39% | 56,335 | $3.0M | Add +28.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.39% | 4 | $3.0M | No change |
| DE Deere & Co. | 1.36% | 6,320 | $2.9M | Add +4.6% |
| EEM iShares MSCI Emerging Market | 1.19% | 47,190 | $2.6M | Add +8.6% |
| NVDA Nvidia Corp. | 0.87% | 10,089 | $1.9M | Reduce -1.0% |
| IWM iShares Russell 2000 ETF | 0.82% | 7,233 | $1.8M | Add +8.7% |
| V Visa Inc. Class A | 0.81% | 5,032 | $1.8M | Add +282.9% |
| CVX Chevron Corp. | 0.72% | 10,228 | $1.6M | Reduce -2.6% |
| PFF iShares Preferred & Income S | 0.70% | 48,730 | $1.5M | No change |
| VST Vistra Corp. | 0.63% | 8,436 | $1.4M | Add +6.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.35% | 1,568 | $754K | Reduce -2.7% |
| IVV iShares Core S&P 500 ETF | 0.23% | 717 | $491K | Add +1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 8,664 | $477K | Reduce -6.5% |
| GOOG Alphabet Inc. Class C | 0.21% | 1,422 | $446K | No change |
| XOM Exxon Mobil Corp. | 0.19% | 3,511 | $423K | Add +31.2% |
| TSLA Tesla Inc. | 0.16% | 780 | $351K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 1,970 | $350K | Reduce -11.7% |
| UNH Unitedhealth Group Inc. | 0.16% | 1,020 | $337K | Reduce -0.8% |
| DVY iShares Select Dividend ETF | 0.15% | 2,345 | $331K | No change |
| JPM JPMorgan Chase & Co. | 0.15% | 985 | $317K | New |
| ENB Enbridge Inc. | 0.14% | 6,547 | $313K | No change |
| META Meta Platforms Inc. Class A | 0.12% | 410 | $271K | Add +9.3% |
| SPLV Invesco S&P 500 Low Volatili | 0.12% | 3,650 | $261K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.12% | 1,319 | $253K | No change |
| AXP American Express Co. | 0.11% | 673 | $249K | Add +1.8% |
| VOO Vanguard S&P 500 ETF | 0.11% | 396 | $248K | Add +2.1% |
| IWF iShares Russell 1000 Growth | 0.11% | 505 | $239K | No change |
| ARKB ARK 21SHARES Bitcoin ETF | 0.11% | 8,200 | $238K | Add +3.1% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.11% | 3,430 | $230K | Reduce -3.0% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 3,480 | $230K | No change |
| LLY Eli Lilly & Co. | 0.10% | 202 | $217K | New |
Portfolio Sells Q3 2025 → Q4 2025
| KTOS Kratos Defense & Security | Reduce -47.0% | 2.60% | −3.33 |
| BA The Boeing Co. | Sold out | 0.00% | −1.21 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.50 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.49 |
| COP Conocophillips | Reduce -16.0% | 2.12% | −0.44 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.24 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.23 |
| CVX Chevron Corp. | Reduce -2.6% | 0.72% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -11.7% | 0.16% | −0.03 |
| NVDA Nvidia Corp. | Reduce -1.0% | 0.87% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.8% | 0.16% | −0.01 |
| ORIGIN MATERIALS INC | Sold out | 0.00% | −0.00 |
| BAC Bank of America Corp. | Reduce -6.5% | 0.22% | −0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -3.0% | 0.11% | −0.00 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -2.7% | 0.35% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +0.5% | 17.13% | +3.83 |
| CB Chubb Ltd. | Add +0.8% | 7.08% | +0.71 |
| V Visa Inc. Class A | Add +282.9% | 0.81% | +0.61 |
| ESLT Elbit Systems Ltd. | Add +3.1% | 3.41% | +0.48 |
| JNJ Johnson & Johnson | Add +0.6% | 3.52% | +0.37 |
| EPD Enterprise Products Partners | Add +4.1% | 5.56% | +0.33 |
| EQT Eqt Corp. | Add +28.4% | 1.39% | +0.29 |
| AVGO Broadcom Inc. | Add +0.2% | 5.83% | +0.26 |
| MCO Moody's Corp. | Add +1.8% | 2.68% | +0.22 |
| AAPL Apple Inc. | Add +1.9% | 2.46% | +0.19 |
| JPM JPMorgan Chase & Co. | New | 0.15% | +0.15 |
| AMZN Amazon.com Inc. | Add +1.7% | 2.07% | +0.13 |
| EEM iShares MSCI Emerging Market | Add +8.6% | 1.19% | +0.12 |
| LLY Eli Lilly & Co. | New | 0.10% | +0.10 |
| ACGL Arch Capital Group Ltd. | Add +0.1% | 1.59% | +0.08 |
| DE Deere & Co. | Add +4.6% | 1.36% | +0.08 |
| IWM iShares Russell 2000 ETF | Add +8.7% | 0.82% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 2.83% | +0.06 |
| XOM Exxon Mobil Corp. | Add +31.2% | 0.19% | +0.06 |
| AXP American Express Co. | Add +1.8% | 0.11% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +1.7% | 0.23% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.1% | 0.11% | +0.00 |
| META Meta Platforms Inc. Class A | Add +9.3% | 0.12% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.1% | 6.97% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.2% | 1.92% | −0.03 |
| ARKB ARK 21SHARES Bitcoin ETF | Add +3.1% | 0.11% | −0.03 |
| VST Vistra Corp. | Add +6.7% | 0.63% | −0.09 |
| ET Energy Transfer LP | Add +1.6% | 3.81% | −0.11 |
| TDY Teledyne Technologies Inc. | Add +0.1% | 1.77% | −0.27 |
| MELI MercadoLibre Inc. | Add +1.0% | 2.79% | −0.43 |
| MSFT Microsoft Corp. | Add +1.4% | 10.75% | −0.65 |
Notes & Other Activity Q3 2025 → Q4 2025
| ORGNW Origin Materials -CW26 | *W EXP 06/25/202 | Sold out | 55,000 | $803before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |