Founders Capital Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Founders Capital Management reported 394 stock positions worth $188.8 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 9.7% of the portfolio, followed by Microsoft (MSFT, 7.6%) and Corning (GLW, 6.4%). Compared with Q2 2025, it opened 23 new positions, sold out of 12, added to 44 and reduced 29. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale Adobe (ADBE, shares −1%).

Most Recent 13F
Q2 2026
Location
HOUSTON, TX
CIK
0001704300
Portfolio Value
$188.8M (Q3 2025)
SEC Filing
0001704300-25-000006 ↗ filed Nov 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $147.9M Q1 2024 Q2 2024: $154.3M Q2 2024 Q3 2024: $164.2M Q3 2024 Q4 2024: $158.0M Q4 2024 Q1 2025: $154.6M Q1 2025 Q2 2025: $166.8M Q2 2025 Q3 2025: $188.8M $188.8M Q3 2025 Q4 2025: $192.6M Q4 2025 Q1 2026: $204.8M Q1 2026 Q2 2026: $231.1M Q2 2026

Holdings 394 stocks · $188.8M
QQQ Invesco QQQ Trust Series 1 9.75% 30,645 $18.4M Add +0.2%
MSFT Microsoft Corp. 7.60% 27,686 $14.3M Add +0.2%
GLW Corning Inc. 6.36% 146,255 $12.0M Reduce -0.9%
JPM JPMorgan Chase & Co. 5.71% 34,185 $10.8M Reduce -0.4%
AAPL Apple Inc. 5.24% 38,873 $9.9M Add +1.2%
SPYG SS SPDR P S&P 500 Growth ETF 4.84% 87,370 $9.1M Reduce -0.1%
RTX RTX Corp. 4.82% 54,395 $9.1M Reduce -0.1%
JNJ Johnson & Johnson 4.64% 47,256 $8.8M Reduce -0.2%
LMT Lockheed Martin Corp. 3.92% 14,832 $7.4M Add +1.8%
SPY SS SPDR S&P 500 ETF Trust-US 3.76% 10,647 $7.1M Reduce -0.1%
XOM Exxon Mobil Corp. 3.52% 58,980 $6.6M Add +2.3%
ABBV Abbvie Inc. 3.05% 24,896 $5.8M Reduce -1.1%
CVX Chevron Corp. 3.05% 37,039 $5.8M Add +4.4%
GOOG Alphabet Inc. Class C 2.87% 22,223 $5.4M Add +0.0%
APD Air Products & Chemicals Inc. 2.79% 19,290 $5.3M Add +0.5%
AMAT Applied Materials Inc. 1.82% 16,774 $3.4M Add +0.0%
EMR Emerson Electric Co. 1.71% 24,538 $3.2M Add +0.5%
MRK Merck & Co. Inc. 1.62% 36,527 $3.1M Reduce -1.1%
NOC Northrop Grumman Corp. 1.52% 4,714 $2.9M Reduce -0.2%
ADBE Adobe Inc. 1.51% 8,097 $2.9M Reduce -1.0%
MCD McDonald's Corp. 1.39% 8,659 $2.6M Reduce -2.3%
CQP Cheniere Energy Partners LP 1.19% 41,737 $2.2M Add +87.2%
FNDA Schwab Fndmntl US SM Co. ETF 1.18% 71,773 $2.2M Add +1.2%
PAGP Plains GP Holdings LP 1.18% 122,258 $2.2M Add +81.9%
EXCHANGE TRADED CONCEPTS TRU 1.17% 88,207 $2.2M Add +2.1%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.71% 38,992 $1.3M Add +0.2%
BA The Boeing Co. 0.44% 3,848 $830K Reduce -1.7%
AMZN Amazon.com Inc. 0.41% 3,521 $773K Add +4.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.40% 1,637 $759K Add +3.2%
ORCL Oracle Corp. 0.36% 2,443 $687K Reduce -3.0%
TXN Texas Instruments Inc. 0.31% 3,166 $582K No change
KO The Coca-Cola Co. 0.31% 8,763 $581K No change
HD Home Depot Inc. 0.30% 1,400 $567K Reduce -0.1%
PEP Pepsico Inc. 0.27% 3,590 $504K Reduce -3.8%
LOW Lowe's Cos Inc. 0.25% 1,866 $469K No change
RSP Invesco S&P 500 Equal Weight 0.25% 2,459 $467K Add +0.0%
VLO Valero Energy Corp. 0.24% 2,630 $448K No change
WMT Walmart Inc. 0.23% 4,230 $436K Reduce -25.9%
COST Costco Wholesale Corp. 0.22% 458 $424K No change
WFC Wells Fargo & Co. 0.21% 4,697 $394K No change
GOOGL Alphabet Inc. Class A 0.20% 1,585 $385K No change
PFE Pfizer Inc. 0.20% 14,800 $377K Add +0.7%
AVGO Broadcom Inc. 0.19% 1,092 $360K Add +420.0%
SCHW Schwab (charles) Corp. 0.19% 3,680 $351K No change
BRK.B Berkshire Hathaway Inc. Class B 0.19% 695 $349K Add +7.8%
PG The Procter & Gamble Co. 0.18% 2,206 $339K No change
MA Mastercard Inc. Class A 0.18% 590 $336K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 1,150 $324K No change
EPD Enterprise Products Partners 0.17% 10,122 $316K Add +0.0%
VYM Vanguard High DVD Yield ETF 0.13% 1,804 $254K Add +0.9%
OKE Oneok Inc. 0.13% 3,444 $251K No change
PSA Public Storage 0.13% 850 $246K No change
GS Goldman Sachs Group Inc. 0.13% 302 $240K No change
TSLA Tesla Inc. 0.13% 532 $237K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 4,500 $232K No change
IWD iShares Russell 1000 Value E 0.11% 1,007 $205K No change
V Visa Inc. Class A 0.11% 600 $205K No change
XEL Xcel Energy Inc. 0.11% 2,500 $202K No change
NVDA Nvidia Corp. 0.10% 1,040 $194K Add +5.0%
CHRD Chord Energy Corp. 0.09% 1,775 $176K No change
WDC Western Digital Corp. 0.09% 1,350 $162K No change
SCI Service Corp. International 0.08% 1,888 $157K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.08% 324 $155K No change
GD General Dynamics Corp. 0.08% 455 $155K No change
NFLX Netflix Inc. 0.08% 125 $150K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 1,270 $145K Reduce -1.4%
IWB iShares Russell 1000 ETF 0.08% 395 $144K No change
UNH Unitedhealth Group Inc. 0.07% 403 $139K Add +15.1%
MU Micron Technology Inc. 0.07% 800 $134K Reduce -20.0%
GLD SPDR Gold Shares 0.07% 360 $128K No change
IVE iShares S&P 500 Value ETF 0.07% 607 $125K No change
IYW iShares Ustechnology ETF 0.07% 634 $124K No change
AMGN Amgen Inc. 0.06% 409 $115K No change
XLE SS Energy Select Sector 0.06% 1,278 $114K Add +0.2%
PLPC Preformed Line Products Co. 0.06% 580 $114K No change
ENB Enbridge Inc. 0.06% 2,222 $112K No change
FRD Friedman Industries 0.06% 5,000 $109K No change
IJK iShares S&P Mid-Cap 400 Grow 0.06% 1,126 $108K No change
SPLV Invesco S&P 500 Low Volatili 0.06% 1,465 $108K No change
VB Vanguard Most SM-Cap ETF-Usd 0.05% 405 $103K Reduce -9.2%
XLK SS Technology Select Sector 0.05% 363 $102K No change
C Citigroup Inc. 0.05% 1,000 $102K Reduce -28.6%
ROP Roper Technologies Inc. 0.05% 200 $100K No change
PAG Penske Automotive Group Inc. 0.05% 550 $96K No change
NWPX NWPX Infrastructure Inc. 0.05% 1,800 $95K No change
AR Antero Resources Corp. 0.05% 2,800 $94K No change
TIP iShares Tips Bond ETF 0.05% 843 $94K No change
PLAB Photronics Inc. 0.05% 4,000 $92K No change
CSCO Cisco Systems Inc. 0.05% 1,326 $91K Reduce -6.4%
ET Energy Transfer LP 0.05% 5,272 $90K No change
GILD Gilead Sciences Inc. 0.05% 812 $90K No change
DB Deutsche Bank AG-Registered 0.05% 2,500 $89K No change
COP Conocophillips 0.05% 933 $88K No change
CAT Caterpillar Inc. 0.05% 180 $86K No change
IJH iShares Core S&P Midcap ETF 0.04% 1,281 $84K Add +0.1%
AXP American Express Co. 0.04% 250 $83K No change
DAC Danaos Corp. 0.04% 900 $81K No change
IVOG Vanguard S&P Mid-Cap 400 Gro 0.04% 673 $80K No change
VOO Vanguard S&P 500 ETF 0.04% 128 $78K No change
IVOV Vanguard S&P Mid-Cap 400 Val 0.04% 770 $78K No change

Show all 394 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 75$2KNew
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 5$9New

Total filed on the 13F, all lines: $188.8M.

Portfolio Sells Q2 2025 → Q3 2025
ADBE Adobe Inc. Reduce -1.0% 1.51% −0.38
JPM JPMorgan Chase & Co. Reduce -0.4% 5.71% −0.25
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 3.76% −0.19
SPYG SS SPDR P S&P 500 Growth ETF Reduce -0.1% 4.84% −0.16
MCD McDonald's Corp. Reduce -2.3% 1.39% −0.16
MRK Merck & Co. Inc. Reduce -1.1% 1.62% −0.13
HEI Heico Corp. Sold out 0.00% −0.12
HES Hess Corp. Sold out 0.00% −0.11
WMT Walmart Inc. Reduce -25.9% 0.23% −0.10
UAL United Airlines Holdings Inc. Sold out 0.00% −0.06
BA The Boeing Co. Reduce -1.7% 0.44% −0.05
IHI iShares U.S. Medical Devices Sold out 0.00% −0.04
KMI Kinder Morgan Inc. Reduce -78.8% 0.01% −0.04
PPIH Perma-Pipe International Hol Reduce -40.0% 0.04% −0.03
PEP Pepsico Inc. Reduce -3.8% 0.27% −0.03
FTEK Fuel Tech Inc. Reduce -75.0% 0.01% −0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -81.3% 0.00% −0.02
BSX Boston Scientific Corp. Sold out 0.00% −0.02
DIS The Walt Disney Co. Reduce -1.4% 0.08% −0.02
C Citigroup Inc. Reduce -28.6% 0.05% −0.02
ESSA Essa Bancorp Inc. Sold out 0.00% −0.02
CSCO Cisco Systems Inc. Reduce -6.4% 0.05% −0.01
XLC SS Comm Select Sector SPDR Reduce -61.7% 0.01% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -9.2% 0.05% −0.01
HD Home Depot Inc. Reduce -0.1% 0.30% −0.01
INTC Intel Corp. Reduce -52.8% 0.01% −0.01
AGX Argan Inc. Reduce -25.0% 0.02% −0.01
FBRT Franklin BSP Realty Trust Inc. Sold out 0.00% −0.00
CMDB Costamare Bulkers Holding Sold out 0.00% −0.00
CIO City Office REIT Inc. Sold out 0.00% −0.00
MU Micron Technology Inc. Reduce -20.0% 0.07% −0.00
EMN Eastman Chemical Co. Sold out 0.00% −0.00
NKE Nike Inc. Class B Sold out 0.00% −0.00
CHX Championx Corp. Sold out 0.00% −0.00
AXTI Axt Inc. Reduce -30.0% 0.02% +0.00
ORCL Oracle Corp. Reduce -3.0% 0.36% +0.03
RTX RTX Corp. Reduce -0.1% 4.82% +0.06
NOC Northrop Grumman Corp. Reduce -0.2% 1.52% +0.11
ABBV Abbvie Inc. Reduce -1.1% 3.05% +0.25
JNJ Johnson & Johnson Reduce -0.2% 4.64% +0.31
GLW Corning Inc. Reduce -0.9% 6.36% +1.70

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +1.2% 5.24% +0.52
GOOG Alphabet Inc. Class C Add +0.0% 2.87% +0.50
CQP Cheniere Energy Partners LP Add +87.2% 1.19% +0.44
PAGP Plains GP Holdings LP Add +81.9% 1.18% +0.40
AVGO Broadcom Inc. Add +420.0% 0.19% +0.16
EXCHANGE TRADED CONCEPTS TRU Add +2.1% 1.17% +0.15
MP MP Materials Corp. New 0.04% +0.04
VOT Vngrd Mrngstr MC GRW ETF-Usd New 0.02% +0.02
CCNE CNB Financial Corp. New 0.02% +0.02
SBRA Sabra Health Care REIT Inc. New 0.01% +0.01
REI Ring Energy Inc. Add +29.4% 0.03% +0.01
BITB Bitwise Bitcoin ETF New 0.01% +0.01
SYK Stryker Corp. New 0.01% +0.01
NVDA Nvidia Corp. Add +5.0% 0.10% +0.01
UNH Unitedhealth Group Inc. Add +15.1% 0.07% +0.01
WES Western Midstream Partners L New 0.01% +0.01
CNI Canadian Natl Railway Co. New 0.01% +0.01
LAC Lithium Americas Corp. Add +2.0% 0.02% +0.01
UEC Uranium Energy Corp. Add +24.7% 0.01% +0.01
PKX Posco Holdings Inc. -Spon ADR Add +100.0% 0.02% +0.01
CATO Cato Corp. Class A New 0.01% +0.01
CPRX Catalyst Pharmaceuticals Inc. New 0.01% +0.01
FTI Technipfmc PLC New 0.01% +0.01
CAG Conagra Brands Inc. New 0.01% +0.01
LB Landbridge Co. LLC-A New 0.01% +0.01
KBDC Kayne Anderson BDC Inc. New 0.01% +0.01
EWG iShares MSCI Germany ETF New 0.01% +0.01
SPH Suburban Propane Partners LP Add +56.4% 0.02% +0.01
CNQ Canadian Natural Resources New 0.01% +0.01
RXST Rxsight Inc. New 0.00% +0.00
OWL Blue Owl Capital Inc. New 0.00% +0.00
FOUR SHIFT4 Payments Inc. Class A New 0.00% +0.00
CI The Cigna Group Add +53.0% 0.02% +0.00
CVX Chevron Corp. Add +4.4% 3.05% +0.00
BMY Bristol-Myers Squibb Co. Add +25.0% 0.04% +0.00
WBD Warner Bros Discovery Inc. New 0.00% +0.00
JAZZ Jazz Pharmaceuticals PLC New 0.00% +0.00
SPCE Virgin Galactic Holdings Inc. New 0.00% +0.00
ACB Aurora Cannabis Inc. New 0.00% 0.00
CAPL Crossamerica Partners LP Add +2.2% 0.00% −0.00
JNK SS SPDR BB High Yield Bond Add +4.3% 0.00% −0.00
T AT&T Inc. Add +15.0% 0.02% −0.00
IYE iShares U.S. Energy ETF Add +0.7% 0.00% −0.00
SLYG SS SPDR S&P 600 SC GR ETF Add +0.4% 0.01% −0.00
SCHG Schwab US Large-Cap Growth Add +0.1% 0.02% −0.00
NRG NRG Energy Inc. Add +1.0% 0.01% −0.00
XLI SS Industrial Select Sector Add +0.5% 0.02% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +7.8% 0.19% −0.00
XLP SS Consumer Staples Sel Sect Add +0.2% 0.02% −0.00
IJH iShares Core S&P Midcap ETF Add +0.1% 0.04% −0.00

Notes & Other Activity Q2 2025 → Q3 2025
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 New 75 $2K
MPTI.WS M-Tron Industries Inc. -28 *W EXP 04/25/202 New 5 $9

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 419$231.1MGLW, QQQ, AMAT, MSFT, JNJ
Q1 2026 389$204.8MQQQ, GLW, MSFT, JNJ, XOM
Q4 2025 406$192.6MQQQ, MSFT, GLW, JPM, AAPL
Q3 2025 394$188.8MQQQ, MSFT, GLW, JPM, AAPL
Q2 2025 383$166.8MQQQ, MSFT, JPM, SPYG, RTX
Q1 2025 370$154.6MQQQ, MSFT, AAPL, JPM, RTX
Q4 2024 368$158.0MQQQ, MSFT, AAPL, JPM, SPYG
Q3 2024 376$164.2MQQQ, MSFT, AAPL, JPM, SPYG
Q2 2024 370$154.3MQQQ, MSFT, AAPL, JPM, XOM
Q1 2024 356$147.9MQQQ, MSFT, AAPL, JPM, XOM