Henshaw Capital LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed May 28, 2026), Henshaw Capital LLC reported 298 stock positions worth $2.4 billion. Its top holding was Apple (AAPL) at 6.7% of the portfolio, followed by Nvidia (NVDA, 5.8%) and Eli Lilly (LLY, 3.8%). Compared with Q3 2024, it opened 7 new positions, sold out of 11, added to 36 and reduced 17. The biggest buy was ASML Holding NV-NY Reg SHS (ASML, shares +410%) and the biggest sale Union Pacific (UNP, shares −22%).

Most Recent 13F
Q2 2026
Location
WOBURN, MA
CIK
0002131483
Portfolio Value
$2.4B (Q4 2024)
SEC Filing
0002131483-26-000046 ↗ filed May 28, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.1B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.4B Q3 2024 Q4 2024: $2.4B $2.4B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.1B Q2 2026

Holdings 298 stocks · $2.4B
AAPL Apple Inc. 6.71% 643,494 $161.1M No change
NVDA Nvidia Corp. 5.81% 1,038,197 $139.4M No change
LLY Eli Lilly & Co. 3.79% 117,776 $90.9M No change
JPM JPMorgan Chase & Co. 3.37% 337,139 $80.8M No change
MSFT Microsoft Corp. 3.28% 186,668 $78.7M Add +0.1%
CRM Salesforce Inc. 3.01% 216,400 $72.3M No change
AMZN Amazon.com Inc. 2.95% 323,174 $70.9M No change
BLK BlackRock Inc. 2.88% 67,390 $69.1M No change
EUSA iShares MSCI USA Equal Weigh 2.82% 710,950 $67.8M No change
META Meta Platforms Inc. Class A 2.81% 115,400 $67.6M No change
ADP Automatic Data Processing 2.47% 202,692 $59.3M No change
WMT Walmart Inc. 2.29% 609,255 $55.0M No change
GOOG Alphabet Inc. Class C 2.25% 283,860 $54.1M No change
GOOGL Alphabet Inc. Class A 2.21% 280,000 $53.0M No change
ORCL Oracle Corp. 2.09% 301,669 $50.3M No change
HD Home Depot Inc. 1.97% 121,503 $47.3M No change
PANW Palo Alto Networks Inc. 1.81% 238,550 $43.4M No change
TMO Thermo Fisher Scientific Inc. 1.79% 82,609 $43.0M No change
MDY State Street SPDR S&P Midcap 1.78% 75,050 $42.7M No change
GE General Electric filed as GE AEROSPACE 1.72% 248,000 $41.4M No change
UNP Union Pacific Corp. 1.61% 169,273 $38.6M Reduce -22.1%
GD General Dynamics Corp. 1.56% 142,150 $37.5M No change
MCD McDonald's Corp. 1.55% 128,519 $37.3M No change
VBR Vngrd Mrngst SL-CP Val ETF-U 1.46% 177,150 $35.1M No change
AFL Aflac Inc. 1.45% 337,000 $34.9M No change
HON Honeywell International Inc. 1.29% 137,076 $31.0M No change
MAR Marriott International Class A 1.27% 109,000 $30.4M No change
AXP American Express Co. 1.22% 98,805 $29.3M No change
XOM Exxon Mobil Corp. 1.19% 266,000 $28.6M No change
AMAT Applied Materials Inc. 1.16% 171,300 $27.9M No change
MRVL Marvell Technology Inc. 1.10% 238,382 $26.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.97% 51,650 $23.4M No change
DOV Dover Corp. 0.97% 124,025 $23.3M No change
V Visa Inc. Class A 0.91% 69,467 $22.0M No change
CSCO Cisco Systems Inc. 0.90% 364,504 $21.6M No change
BA The Boeing Co. 0.89% 120,553 $21.3M No change
CDNS Cadence Design SYS Inc. 0.89% 70,910 $21.3M No change
KO The Coca-Cola Co. 0.88% 338,197 $21.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.87% 188,350 $21.0M No change
GEV GE Vernova Inc. 0.85% 62,000 $20.4M No change
PEP Pepsico Inc. 0.83% 130,666 $19.9M No change
FDX FedEx Corp. 0.80% 68,227 $19.2M No change
CMCSA Comcast Corp. Class A 0.78% 500,926 $18.8M No change
SBUX Starbucks Corp. 0.76% 200,353 $18.3M No change
AMGN Amgen Inc. 0.76% 69,650 $18.2M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.75% 30,900 $18.1M No change
MDLZ Mondelez International Inc. Class A 0.62% 249,700 $14.9M No change
VRT Vertiv Holdings Co. Class A 0.53% 111,375 $12.7M No change
CAT Caterpillar Inc. 0.51% 34,060 $12.4M No change
C Citigroup Inc. 0.51% 174,000 $12.2M No change
COP Conocophillips 0.49% 118,500 $11.8M No change
MPC Marathon Petroleum Corp. 0.46% 78,589 $11.0M No change
EMR Emerson Electric Co. 0.44% 85,000 $10.5M No change
SPHQ Invesco S&P 500 Quality ETF 0.28% 100,000 $6.7M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.28% 114,515 $6.7M Add +1.0%
VWO Vanguard Ftse Emerging Marke 0.28% 150,000 $6.6M No change
GDDY GoDaddy Inc. Class A 0.23% 28,350 $5.6M No change
CSL Carlisle Cos Inc. 0.23% 14,845 $5.5M Add +0.2%
MORN Morningstar Inc. 0.19% 13,487 $4.5M Add +0.1%
MKL Markel Group Inc. 0.18% 2,476 $4.3M No change
CACI Caci International Inc. Class A 0.16% 9,668 $3.9M Reduce -0.9%
BAH Booz Allen Hamilton Holdings 0.16% 29,406 $3.8M Add +25.9%
BRO Brown & Brown Inc. 0.16% 36,498 $3.7M No change
LKQ LKQ Corp. 0.15% 101,077 $3.7M Add +22.9%
BURL Burlington Stores Inc. 0.15% 12,874 $3.7M No change
DLB Dolby Laboratories Inc. Class A 0.15% 45,913 $3.6M No change
SEIC Sei Investments Company 0.15% 43,056 $3.6M No change
TFX Teleflex Inc. 0.15% 19,791 $3.5M Add +25.7%
TRMB Trimble Inc. 0.14% 47,939 $3.4M Reduce -17.6%
LII Lennox International Inc. 0.14% 5,551 $3.4M Add +0.2%
CASY Casey's General Stores Inc. 0.14% 8,490 $3.4M No change
RPM RPM International Inc. 0.14% 26,831 $3.3M Add +0.4%
ATR Aptargroup Inc. 0.13% 20,555 $3.2M Add +0.3%
CHH Choice Hotels Intl Inc. 0.13% 22,369 $3.2M No change
AMG Affiliated Managers Group 0.13% 16,994 $3.1M Add +0.0%
TSM Taiwan Semiconductor-SP ADR 0.13% 15,486 $3.1M Reduce -1.9%
ARMK Aramark 0.12% 75,834 $2.8M Add +0.3%
LSTR Landstar System Inc. 0.11% 16,026 $2.8M Add +0.2%
TRU Transunion 0.10% 26,591 $2.5M No change
COLM Columbia Sportswear Co. 0.10% 28,349 $2.4M Add +0.3%
IEX Idex Corp. 0.10% 11,312 $2.4M Add +0.3%
JLL Jones Lang Lasalle Inc. 0.10% 9,272 $2.3M No change
VTWO Vanguard Russell 2000 ETF 0.09% 24,900 $2.2M No change
WEX Wex Inc. 0.09% 12,378 $2.2M No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.09% 12,346 $2.1M Add +0.2%
TYL Tyler Technologies Inc. 0.08% 3,496 $2.0M No change
VZ Verizon Communications Inc. 0.08% 50,000 $2.0M Reduce -27.3%
QUAL iShares MSCI USA Quality Fac 0.08% 11,000 $2.0M No change
AVY Avery Dennison Corp. 0.08% 10,009 $1.9M No change
BLKB Blackbaud Inc. 0.07% 23,381 $1.7M No change
KEX Kirby Corp. 0.07% 16,305 $1.7M No change
NDSN Nordson Corp. 0.07% 8,029 $1.7M No change
NVST Envista Holdings Corp. 0.07% 85,068 $1.6M Reduce -29.1%
GGG Graco Inc. 0.06% 18,293 $1.5M Add +0.3%
EWJ iShares MSCI Japan ETF 0.06% 22,621 $1.5M No change
FCN Fti Consulting Inc. 0.06% 7,905 $1.5M No change
SCI Service Corp. International 0.06% 18,805 $1.5M Add +0.4%
MANH Manhattan Associates Inc. 0.06% 5,493 $1.5M No change
BR Broadridge Financial Solutio 0.06% 6,210 $1.4M Add +0.4%
POOL Pool Corp. 0.06% 4,095 $1.4M No change

Show all 298 holdings

Portfolio Sells Q3 2024 → Q4 2024
UNP Union Pacific Corp. Reduce -22.1% 1.61% −0.64
GEHC GE Healthcare Technology Sold out 0.00% −0.33
PFE Pfizer Inc. Sold out 0.00% −0.30
CVS CVS Health Corp. Sold out 0.00% −0.24
VZ Verizon Communications Inc. Reduce -27.3% 0.08% −0.05
CACI Caci International Inc. Class A Reduce -0.9% 0.16% −0.04
XMTR Xometry Inc. Class A Sold out 0.00% −0.04
NVST Envista Holdings Corp. Reduce -29.1% 0.07% −0.03
MELI MercadoLibre Inc. Sold out 0.00% −0.03
CP Canadian Pacific Kansas City Reduce -45.5% 0.02% −0.02
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −0.02
TECK Teck Resources Ltd.-CLS B Reduce -24.3% 0.02% −0.02
VTRS Viatris Inc. Sold out 0.00% −0.02
INST Instructure Holdings Inc. Sold out 0.00% −0.01
ASHR Xtrackers Harvest Csi 300 CH Reduce -30.8% 0.02% −0.01
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.01
ALV Autoliv Inc. Sold out 0.00% −0.01
QTWO Q2 Holdings Inc. Reduce -35.3% 0.05% −0.01
TRMB Trimble Inc. Reduce -17.6% 0.14% −0.01
ONC Beone Medicines Ltd.-ADR Sold out 0.00% −0.01
ING ING Groep N.V.-Sponsored ADR Reduce -15.6% 0.02% −0.01
NVS Novartis AG-Sponsored ADR Reduce -8.6% 0.03% −0.01
HLNE Hamilton Lane Inc. Class A Reduce -18.6% 0.02% −0.01
SAP Sap SE-Sponsored ADR Reduce -17.8% 0.04% −0.01
MUFG Mitsubishi Ufj Finl-Spon ADR Reduce -15.2% 0.05% −0.00
ARGX Argenx SE - ADR Reduce -10.3% 0.02% +0.00
SHOP Shopify Inc. Class A Reduce -21.9% 0.03% +0.00
TSM Taiwan Semiconductor-SP ADR Reduce -1.9% 0.13% +0.01

Portfolio Buys Q3 2024 → Q4 2024
ASML ASML Holding NV-NY Reg SHS Add +409.7% 0.05% +0.04
FTAI Ftai Aviation Ltd. New 0.02% +0.02
HTHT H World Group Ltd.-ADR New 0.02% +0.02
BABA Alibaba Group Holding-SP ADR Add +190.7% 0.03% +0.02
LKQ LKQ Corp. Add +22.9% 0.15% +0.02
FLUT Flutter Entertainment PLC-Di New 0.02% +0.02
WRBY Warby Parker Inc. Class A New 0.01% +0.01
YETI Yeti Holdings Inc. New 0.01% +0.01
XLRE SS Real Estate Select Sector New 0.01% +0.01
WRB WR Berkley Corp. Add +1.0% 0.28% +0.01
MORN Morningstar Inc. Add +0.1% 0.19% +0.01
PDD PDD Holdings Inc. New 0.01% +0.01
UL Unilever PLC Add +40.3% 0.04% +0.01
SUPN Supernus Pharmaceuticals Inc. Add +9.7% 0.03% +0.01
CRH CRH PLC Add +27.3% 0.02% +0.00
AMG Affiliated Managers Group Add +0.0% 0.13% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +25.5% 0.02% +0.00
RNR Renaissancere Holdings Ltd. Add +20.7% 0.04% +0.00
BR Broadridge Financial Solutio Add +0.4% 0.06% +0.00
RPM RPM International Inc. Add +0.4% 0.14% +0.00
ARDX Ardelyx Inc. Add +52.0% 0.02% +0.00
FDS Factset Research Systems Inc. Add +0.2% 0.04% +0.00
COLB Columbia Banking System Inc. Add +1.2% 0.04% +0.00
COLM Columbia Sportswear Co. Add +0.3% 0.10% +0.00
IOVA Iovance Biotherapeutics Inc. Add +36.0% 0.01% +0.00
LII Lennox International Inc. Add +0.2% 0.14% +0.00
SCI Service Corp. International Add +0.4% 0.06% +0.00
JKHY Jack Henry & Associates Inc. Add +0.3% 0.06% −0.00
RYAAY Ryanair Holdings PLC-SP ADR Add +150.0% 0.02% −0.00
JBHT Hunt (jb) Transprt SVCS Inc. Add +0.2% 0.09% −0.00
BAH Booz Allen Hamilton Holdings Add +25.9% 0.16% −0.00
GGG Graco Inc. Add +0.3% 0.06% −0.00
IEX Idex Corp. Add +0.3% 0.10% −0.00
LNTH Lantheus Holdings Inc. Add +10.7% 0.03% −0.00
ATR Aptargroup Inc. Add +0.3% 0.13% −0.00
ARMK Aramark Add +0.3% 0.12% −0.00
NVO Novo-Nordisk A/S-Spons ADR Add +26.4% 0.05% −0.01
TECH Bio-Techne Corp. Add +0.1% 0.05% −0.01
LSTR Landstar System Inc. Add +0.2% 0.11% −0.01
TFX Teleflex Inc. Add +25.7% 0.15% −0.02
TMDX Transmedics Group Inc. Add +6.5% 0.02% −0.02
CSL Carlisle Cos Inc. Add +0.2% 0.23% −0.05
MSFT Microsoft Corp. Add +0.1% 3.28% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 160$3.1BNVDA, AAPL, LLY, AMAT, JPM
Q1 2026 160$2.7BNVDA, AAPL, LLY, JPM, GOOG
Q4 2025 161$2.8BNVDA, AAPL, LLY, JPM, MSFT
Q3 2025 256$2.7BNVDA, AAPL, JPM, MSFT, LLY
Q2 2025 291$2.5BNVDA, AAPL, JPM, MSFT, LLY
Q1 2025 292$2.3BAAPL, NVDA, LLY, JPM, EUSA
Q4 2024 298$2.4BAAPL, NVDA, LLY, JPM, MSFT
Q3 2024 302$2.4BAAPL, NVDA, LLY, MSFT, JPM
Q2 2024 282$2.2BAAPL, NVDA, LLY, MSFT, JPM
Q1 2024 283$2.1BAAPL, NVDA, LLY, MSFT, JPM