Henshaw Capital LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed May 28, 2026), Henshaw Capital LLC reported 256 stock positions worth $2.7 billion. Its top holding was Nvidia (NVDA) at 7.2% of the portfolio, followed by Apple (AAPL, 6.1%) and JPMorgan Chase (JPM, 4.0%). Compared with Q2 2025, it opened 20 new positions, sold out of 55, added to 28 and reduced 124. The biggest buy was a new position in Vanguard Ftse All-World Ex-U (VEU) and the biggest sale an exit from National Grid PLC-SP ADR (NGG).
- Most Recent 13F
- Q2 2026
- Location
- WOBURN, MA
- CIK
- 0002131483
- Portfolio Value
- $2.7B (Q3 2025)
- SEC Filing
- 0002131483-26-000049 ↗ filed May 28, 2026
Holdings Value
Holdings 256 stocks · $2.7B
| NVDA Nvidia Corp. | 7.22% | 1,038,197 | $193.7M | No change |
| AAPL Apple Inc. | 6.11% | 643,494 | $163.9M | No change |
| JPM JPMorgan Chase & Co. | 3.96% | 337,139 | $106.3M | No change |
| MSFT Microsoft Corp. | 3.60% | 186,668 | $96.7M | No change |
| LLY Eli Lilly & Co. | 3.35% | 117,776 | $89.9M | No change |
| ORCL Oracle Corp. | 3.16% | 301,669 | $84.8M | No change |
| META Meta Platforms Inc. Class A | 3.16% | 115,400 | $84.7M | No change |
| EUSA iShares MSCI USA Equal Weigh | 2.97% | 774,400 | $79.7M | No change |
| BLK BlackRock Inc. | 2.93% | 67,390 | $78.6M | No change |
| GE General Electric filed as GE AEROSPACE | 2.78% | 248,000 | $74.6M | No change |
| AMZN Amazon.com Inc. | 2.64% | 323,174 | $71.0M | No change |
| GOOG Alphabet Inc. Class C | 2.58% | 283,860 | $69.1M | No change |
| GOOGL Alphabet Inc. Class A | 2.54% | 280,000 | $68.1M | No change |
| WMT Walmart Inc. | 2.34% | 609,255 | $62.8M | No change |
| ADP Automatic Data Processing | 2.22% | 202,692 | $59.5M | No change |
| SHLD Global X Defense Tech ETF | 1.99% | 759,000 | $53.3M | No change |
| CRM Salesforce Inc. | 1.91% | 216,400 | $51.3M | No change |
| HD Home Depot Inc. | 1.84% | 121,503 | $49.2M | No change |
| PANW Palo Alto Networks Inc. | 1.81% | 238,550 | $48.6M | No change |
| MDY State Street SPDR S&P Midcap | 1.67% | 75,050 | $44.7M | No change |
| VEU Vanguard Ftse All-World Ex-U | 1.58% | 592,813 | $42.3M | New |
| TMO Thermo Fisher Scientific Inc. | 1.49% | 82,609 | $40.1M | No change |
| UNP Union Pacific Corp. | 1.49% | 169,273 | $40.0M | No change |
| MCD McDonald's Corp. | 1.46% | 128,519 | $39.1M | No change |
| GEV GE Vernova Inc. | 1.42% | 62,000 | $38.1M | No change |
| AFL Aflac Inc. | 1.40% | 337,000 | $37.6M | No change |
| AMAT Applied Materials Inc. | 1.31% | 171,300 | $35.1M | No change |
| AXP American Express Co. | 1.22% | 98,805 | $32.8M | No change |
| HON Honeywell International Inc. | 1.13% | 144,151 | $30.3M | No change |
| XOM Exxon Mobil Corp. | 1.12% | 266,000 | $30.0M | No change |
| MAR Marriott International Class A | 1.06% | 109,000 | $28.4M | No change |
| BA The Boeing Co. | 0.97% | 121,018 | $26.1M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 51,650 | $26.0M | No change |
| CSCO Cisco Systems Inc. | 0.93% | 364,504 | $24.9M | No change |
| CDNS Cadence Design SYS Inc. | 0.93% | 70,910 | $24.9M | No change |
| V Visa Inc. Class A | 0.88% | 69,467 | $23.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.85% | 34,135 | $22.7M | No change |
| SHEL Shell PLC-ADR | 0.85% | 316,952 | $22.7M | Reduce -5.1% |
| KO The Coca-Cola Co. | 0.83% | 335,497 | $22.3M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.80% | 188,350 | $21.6M | No change |
| CAT Caterpillar Inc. | 0.79% | 44,335 | $21.2M | No change |
| DOV Dover Corp. | 0.77% | 124,025 | $20.7M | No change |
| GD General Dynamics Corp. | 0.75% | 59,000 | $20.1M | No change |
| MRVL Marvell Technology Inc. | 0.75% | 238,382 | $20.0M | No change |
| PEP Pepsico Inc. | 0.68% | 130,666 | $18.4M | No change |
| C Citigroup Inc. | 0.66% | 174,000 | $17.7M | No change |
| SBUX Starbucks Corp. | 0.63% | 200,353 | $16.9M | No change |
| VRT Vertiv Holdings Co. Class A | 0.63% | 111,375 | $16.8M | No change |
| FDX FedEx Corp. | 0.60% | 68,227 | $16.1M | No change |
| MDLZ Mondelez International Inc. Class A | 0.58% | 249,700 | $15.6M | No change |
| MPC Marathon Petroleum Corp. | 0.56% | 78,589 | $15.1M | No change |
| COP Conocophillips | 0.42% | 118,500 | $11.2M | No change |
| EMR Emerson Electric Co. | 0.42% | 85,000 | $11.2M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 150,000 | $8.1M | No change |
| SPHQ Invesco S&P 500 Quality ETF | 0.27% | 100,000 | $7.3M | No change |
| TRMB Trimble Inc. | 0.21% | 69,254 | $5.7M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.20% | 69,570 | $5.3M | Reduce -0.2% |
| CSL Carlisle Cos Inc. | 0.20% | 16,054 | $5.3M | Add +0.3% |
| CACI Caci International Inc. Class A | 0.18% | 9,606 | $4.8M | Reduce -9.3% |
| CASY Casey's General Stores Inc. | 0.17% | 7,862 | $4.4M | Reduce -4.4% |
| GDDY GoDaddy Inc. Class A | 0.15% | 30,193 | $4.1M | Add +17.7% |
| MKL Markel Group Inc. | 0.15% | 2,062 | $3.9M | No change |
| SEIC Sei Investments Company | 0.14% | 42,843 | $3.6M | No change |
| BURL Burlington Stores Inc. | 0.13% | 13,182 | $3.4M | Reduce -7.3% |
| DLB Dolby Laboratories Inc. Class A | 0.12% | 45,913 | $3.3M | No change |
| JLL Jones Lang Lasalle Inc. | 0.12% | 10,745 | $3.2M | No change |
| RPM RPM International Inc. | 0.12% | 27,187 | $3.2M | Add +0.4% |
| LII Lennox International Inc. | 0.11% | 5,584 | $3.0M | Add +0.2% |
| ARMK Aramark | 0.11% | 76,455 | $2.9M | Add +0.3% |
| BAH Booz Allen Hamilton Holdings | 0.11% | 29,234 | $2.9M | Reduce -20.2% |
| MORN Morningstar Inc. | 0.11% | 12,483 | $2.9M | Add +0.2% |
| ATR Aptargroup Inc. | 0.10% | 20,744 | $2.8M | Add +0.3% |
| AMG Affiliated Managers Group | 0.10% | 11,541 | $2.8M | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 9,514 | $2.7M | Reduce -55.8% |
| TRU Transunion | 0.10% | 31,489 | $2.6M | No change |
| WEX Wex Inc. | 0.10% | 16,631 | $2.6M | No change |
| AVY Avery Dennison Corp. | 0.09% | 15,548 | $2.5M | Add +31.5% |
| TFX Teleflex Inc. | 0.09% | 19,947 | $2.4M | Add +0.3% |
| CHH Choice Hotels Intl Inc. | 0.09% | 22,369 | $2.4M | No change |
| MANH Manhattan Associates Inc. | 0.09% | 11,205 | $2.3M | No change |
| LKQ LKQ Corp. | 0.08% | 74,203 | $2.3M | Reduce -9.8% |
| VZ Verizon Communications Inc. | 0.08% | 50,000 | $2.2M | No change |
| QUAL iShares MSCI USA Quality Fac | 0.08% | 11,000 | $2.1M | No change |
| TECH Bio-Techne Corp. | 0.07% | 34,946 | $1.9M | Add +39.1% |
| IEX Idex Corp. | 0.07% | 11,435 | $1.9M | Add +0.4% |
| NDSN Nordson Corp. | 0.07% | 8,149 | $1.8M | Add +0.7% |
| ULTA Ulta Beauty Inc. | 0.06% | 3,077 | $1.7M | No change |
| KEX Kirby Corp. | 0.06% | 20,065 | $1.7M | No change |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.06% | 12,456 | $1.7M | Add +0.3% |
| SCI Service Corp. International | 0.06% | 19,027 | $1.6M | Add +0.4% |
| NVST Envista Holdings Corp. | 0.06% | 77,082 | $1.6M | No change |
| GGG Graco Inc. | 0.06% | 18,475 | $1.6M | Add +0.3% |
| VTWO Vanguard Russell 2000 ETF | 0.06% | 15,650 | $1.5M | No change |
| SONY Sony Group Corp. - SP ADR | 0.06% | 52,715 | $1.5M | Reduce -36.8% |
| BLKB Blackbaud Inc. | 0.06% | 23,260 | $1.5M | Reduce -17.8% |
| KNSL Kinsale Capital Group Inc. | 0.05% | 3,433 | $1.5M | No change |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.05% | 9,778 | $1.5M | Add +0.4% |
| ONC Beone Medicines Ltd.-ADR | 0.05% | 4,247 | $1.4M | Add +315.1% |
| J Jacobs Solutions Inc. | 0.05% | 9,192 | $1.4M | New |
| ARGX Argenx SE - ADR | 0.05% | 1,862 | $1.4M | Add +35.7% |
Portfolio Sells Q2 2025 → Q3 2025
| NGG National Grid PLC-SP ADR | Sold out | 0.00% | −0.11 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -55.8% | 0.10% | −0.09 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.09 |
| SHEL Shell PLC-ADR | Reduce -5.1% | 0.85% | −0.09 |
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −0.09 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.09 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Sold out | 0.00% | −0.07 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.07 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.06 |
| CM Can Imperial BK of Commerce | Sold out | 0.00% | −0.06 |
| RNR Renaissancere Holdings Ltd. | Sold out | 0.00% | −0.06 |
| SAP Sap SE-Sponsored ADR | Reduce -61.2% | 0.03% | −0.06 |
| TD Toronto-Dominion Bank | Sold out | 0.00% | −0.06 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.06 |
| KB KB Financial Group Inc.-ADR | Sold out | 0.00% | −0.06 |
| ING ING Groep N.V.-Sponsored ADR | Sold out | 0.00% | −0.06 |
| RACE Ferrari NV | Sold out | 0.00% | −0.06 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -69.1% | 0.03% | −0.06 |
| LIN Linde PLC | Sold out | 0.00% | −0.05 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.05 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.05 |
| IX Orix - Sponsored ADR | Sold out | 0.00% | −0.05 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.05 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.05 |
| MFG Mizuho Financial Group-ADR | Sold out | 0.00% | −0.05 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.05 |
| LSTR Landstar System Inc. | Reduce -40.5% | 0.04% | −0.05 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -64.0% | 0.03% | −0.04 |
| SHOP Shopify Inc. Class A | Reduce -83.3% | 0.01% | −0.04 |
| BAH Booz Allen Hamilton Holdings | Reduce -20.2% | 0.11% | −0.04 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −0.04 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −0.04 |
| CRH CRH PLC | Sold out | 0.00% | −0.04 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −0.04 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.04 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.04 |
| RELX Relx PLC - Spon ADR | Reduce -45.4% | 0.03% | −0.04 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −0.04 |
| LKQ LKQ Corp. | Reduce -9.8% | 0.08% | −0.04 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.04 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.04 |
| AIT Applied Industrial Tech Inc. | Reduce -73.0% | 0.01% | −0.03 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.03 |
| INSM Insmed Inc. | Reduce -76.1% | 0.02% | −0.03 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.03 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.03 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.03 |
| TELFY Telefonica SA-Spon ADR | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| VEU Vanguard Ftse All-World Ex-U | New | 1.58% | +1.58 |
| J Jacobs Solutions Inc. | New | 0.05% | +0.05 |
| UBS UBS Group AG-Reg | New | 0.05% | +0.05 |
| SAIA Saia Inc. | New | 0.05% | +0.05 |
| ONC Beone Medicines Ltd.-ADR | Add +315.1% | 0.05% | +0.04 |
| BAM Brookfield Asset Mgmt-A | New | 0.04% | +0.04 |
| AON Aon PLC Class A | New | 0.04% | +0.04 |
| PSN Parsons Corp. | New | 0.04% | +0.04 |
| DB Deutsche Bank AG-Registered | New | 0.03% | +0.03 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.03% | +0.03 |
| NXPI NXP Semiconductors NV | New | 0.03% | +0.03 |
| IHG Intercontinental Hotels-ADR | New | 0.03% | +0.03 |
| FERG Ferguson Enterprises Inc. | New | 0.03% | +0.03 |
| GRMN Garmin Ltd. | New | 0.03% | +0.03 |
| ARGX Argenx SE - ADR | Add +35.7% | 0.05% | +0.02 |
| TECH Bio-Techne Corp. | Add +39.1% | 0.07% | +0.02 |
| AMG Affiliated Managers Group | Add +0.0% | 0.10% | +0.01 |
| AVY Avery Dennison Corp. | Add +31.5% | 0.09% | +0.01 |
| HQY Healthequity Inc. | New | 0.01% | +0.01 |
| BBIO Bridgebio Pharma Inc. | Add +57.9% | 0.03% | +0.01 |
| CHEF The Chefs' Warehouse Inc. | New | 0.01% | +0.01 |
| GKOS Glaukos Corp. | New | 0.01% | +0.01 |
| GPOR Gulfport Energy Corp. | New | 0.01% | +0.01 |
| NOG Northern Oil and Gas Inc. | New | 0.01% | +0.01 |
| COLB Columbia Banking System Inc. | Add +24.2% | 0.04% | +0.01 |
| TTMI TTM Technologies | New | 0.01% | +0.01 |
| IONQ Ionq Inc. | New | 0.01% | +0.01 |
| NSIT Insight Enterprises Inc. | Add +38.4% | 0.04% | +0.00 |
| TM Toyota Motor Corp. -Spon ADR | Add +11.5% | 0.02% | +0.00 |
| RPM RPM International Inc. | Add +0.4% | 0.12% | +0.00 |
| SM SM Energy Co. | Add +10.8% | 0.02% | +0.00 |
| NDSN Nordson Corp. | Add +0.7% | 0.07% | +0.00 |
| LTH Life Time Group Holdings Inc. | Add +4.7% | 0.01% | −0.00 |
| SCI Service Corp. International | Add +0.4% | 0.06% | −0.00 |
| TFX Teleflex Inc. | Add +0.3% | 0.09% | −0.00 |
| GGG Graco Inc. | Add +0.3% | 0.06% | −0.00 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +0.3% | 0.06% | −0.01 |
| COLM Columbia Sportswear Co. | Add +0.5% | 0.04% | −0.01 |
| IEX Idex Corp. | Add +0.4% | 0.07% | −0.01 |
| JKHY Jack Henry & Associates Inc. | Add +0.4% | 0.05% | −0.02 |
| LII Lennox International Inc. | Add +0.2% | 0.11% | −0.02 |
| ARMK Aramark | Add +0.3% | 0.11% | −0.02 |
| FDS Factset Research Systems Inc. | Add +0.3% | 0.03% | −0.02 |
| ATR Aptargroup Inc. | Add +0.3% | 0.10% | −0.02 |
| BA The Boeing Co. | Add +0.4% | 0.97% | −0.03 |
| GDDY GoDaddy Inc. Class A | Add +17.7% | 0.15% | −0.03 |
| CSL Carlisle Cos Inc. | Add +0.3% | 0.20% | −0.04 |
| MORN Morningstar Inc. | Add +0.2% | 0.11% | −0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 160 | $3.1B | NVDA, AAPL, LLY, AMAT, JPM |
| Q1 2026 | 160 | $2.7B | NVDA, AAPL, LLY, JPM, GOOG |
| Q4 2025 | 161 | $2.8B | NVDA, AAPL, LLY, JPM, MSFT |
| Q3 2025 | 256 | $2.7B | NVDA, AAPL, JPM, MSFT, LLY |
| Q2 2025 | 291 | $2.5B | NVDA, AAPL, JPM, MSFT, LLY |
| Q1 2025 | 292 | $2.3B | AAPL, NVDA, LLY, JPM, EUSA |
| Q4 2024 | 298 | $2.4B | AAPL, NVDA, LLY, JPM, MSFT |
| Q3 2024 | 302 | $2.4B | AAPL, NVDA, LLY, MSFT, JPM |
| Q2 2024 | 282 | $2.2B | AAPL, NVDA, LLY, MSFT, JPM |
| Q1 2024 | 283 | $2.1B | AAPL, NVDA, LLY, MSFT, JPM |