Henshaw Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed May 28, 2026), Henshaw Capital LLC reported 161 stock positions worth $2.8 billion. Its top holding was Nvidia (NVDA) at 7.0% of the portfolio, followed by Apple (AAPL, 6.3%) and Eli Lilly (LLY, 4.6%). Compared with Q3 2025, it opened 18 new positions, sold out of 114, added to 27 and reduced 11. The biggest buy was Vanguard Russell 2000 ETF (VTWO, shares +3619%) and the biggest sale WR Berkley (WRB, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- WOBURN, MA
- CIK
- 0002131483
- Portfolio Value
- $2.8B (Q4 2025)
- SEC Filing
- 0002131483-26-000050 ↗ filed May 28, 2026
Holdings Value
Holdings 161 stocks · $2.8B
| NVDA Nvidia Corp. | 6.96% | 1,038,197 | $193.6M | No change |
| AAPL Apple Inc. | 6.29% | 643,494 | $174.9M | No change |
| LLY Eli Lilly & Co. | 4.55% | 117,776 | $126.6M | No change |
| JPM JPMorgan Chase & Co. | 3.91% | 337,139 | $108.6M | No change |
| MSFT Microsoft Corp. | 3.25% | 186,668 | $90.3M | No change |
| GOOG Alphabet Inc. Class C | 3.20% | 283,860 | $89.1M | No change |
| GOOGL Alphabet Inc. Class A | 3.15% | 280,000 | $87.6M | No change |
| EUSA iShares MSCI USA Equal Weigh | 2.88% | 774,400 | $80.0M | No change |
| GE General Electric filed as GE AEROSPACE | 2.75% | 248,000 | $76.4M | No change |
| META Meta Platforms Inc. Class A | 2.74% | 115,400 | $76.2M | No change |
| AMZN Amazon.com Inc. | 2.68% | 323,174 | $74.6M | No change |
| BLK BlackRock Inc. | 2.59% | 67,390 | $72.1M | No change |
| WMT Walmart Inc. | 2.44% | 609,255 | $67.9M | No change |
| ORCL Oracle Corp. | 2.11% | 301,669 | $58.8M | No change |
| VTWO Vanguard Russell 2000 ETF | 2.08% | 582,050 | $57.9M | Add +3619.2% |
| CRM Salesforce Inc. | 2.06% | 216,800 | $57.4M | Add +0.2% |
| ADP Automatic Data Processing | 1.87% | 202,692 | $52.1M | No change |
| SHLD Global X Defense Tech ETF | 1.77% | 762,000 | $49.4M | Add +0.4% |
| TMO Thermo Fisher Scientific Inc. | 1.72% | 82,609 | $47.9M | No change |
| MDY State Street SPDR S&P Midcap | 1.63% | 75,050 | $45.3M | No change |
| AMAT Applied Materials Inc. | 1.58% | 171,300 | $44.0M | No change |
| PANW Palo Alto Networks Inc. | 1.58% | 238,550 | $43.9M | No change |
| VEU Vanguard Ftse All-World Ex-U | 1.58% | 596,273 | $43.9M | Add +0.6% |
| HD Home Depot Inc. | 1.50% | 121,503 | $41.8M | No change |
| GEV GE Vernova Inc. | 1.46% | 62,000 | $40.5M | No change |
| MCD McDonald's Corp. | 1.41% | 128,519 | $39.3M | No change |
| UNP Union Pacific Corp. | 1.41% | 169,273 | $39.2M | No change |
| AFL Aflac Inc. | 1.34% | 337,000 | $37.2M | No change |
| AXP American Express Co. | 1.31% | 98,805 | $36.6M | No change |
| MAR Marriott International Class A | 1.22% | 109,000 | $33.8M | No change |
| XOM Exxon Mobil Corp. | 1.15% | 266,000 | $32.0M | No change |
| HON Honeywell International Inc. | 1.01% | 144,151 | $28.1M | No change |
| CSCO Cisco Systems Inc. | 1.01% | 364,504 | $28.1M | No change |
| BA The Boeing Co. | 0.94% | 121,018 | $26.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 51,650 | $26.0M | No change |
| CAT Caterpillar Inc. | 0.91% | 44,335 | $25.4M | No change |
| V Visa Inc. Class A | 0.88% | 69,467 | $24.4M | No change |
| DOV Dover Corp. | 0.87% | 124,025 | $24.2M | No change |
| KO The Coca-Cola Co. | 0.84% | 335,497 | $23.5M | No change |
| SHEL Shell PLC-ADR | 0.84% | 316,973 | $23.3M | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.84% | 34,135 | $23.3M | No change |
| CDNS Cadence Design SYS Inc. | 0.80% | 70,910 | $22.2M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.77% | 188,350 | $21.4M | No change |
| C Citigroup Inc. | 0.73% | 174,000 | $20.3M | No change |
| MRVL Marvell Technology Inc. | 0.73% | 238,382 | $20.3M | No change |
| GD General Dynamics Corp. | 0.71% | 59,000 | $19.9M | No change |
| FDX FedEx Corp. | 0.71% | 68,227 | $19.7M | No change |
| PEP Pepsico Inc. | 0.67% | 130,666 | $18.8M | No change |
| VRT Vertiv Holdings Co. Class A | 0.65% | 111,375 | $18.0M | No change |
| SBUX Starbucks Corp. | 0.61% | 200,353 | $16.9M | No change |
| MDLZ Mondelez International Inc. Class A | 0.48% | 249,700 | $13.4M | No change |
| MPC Marathon Petroleum Corp. | 0.46% | 78,589 | $12.8M | No change |
| EMR Emerson Electric Co. | 0.41% | 85,000 | $11.3M | No change |
| COP Conocophillips | 0.40% | 118,500 | $11.1M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 150,000 | $8.1M | No change |
| SPHQ Invesco S&P 500 Quality ETF | 0.27% | 100,000 | $7.5M | No change |
| TRMB Trimble Inc. | 0.20% | 69,254 | $5.4M | No change |
| CSL Carlisle Cos Inc. | 0.19% | 16,110 | $5.2M | Add +0.3% |
| CACI Caci International Inc. Class A | 0.18% | 9,280 | $4.9M | Reduce -3.4% |
| MKL Markel Group Inc. | 0.16% | 2,062 | $4.4M | No change |
| CASY Casey's General Stores Inc. | 0.16% | 7,862 | $4.3M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 13,147 | $4.0M | Add +38.2% |
| BURL Burlington Stores Inc. | 0.14% | 13,182 | $3.8M | No change |
| GDDY GoDaddy Inc. Class A | 0.13% | 30,193 | $3.7M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.13% | 52,184 | $3.7M | Reduce -25.0% |
| AVY Avery Dennison Corp. | 0.13% | 19,917 | $3.6M | Add +28.1% |
| JLL Jones Lang Lasalle Inc. | 0.13% | 10,745 | $3.6M | No change |
| TRU Transunion | 0.13% | 41,850 | $3.6M | Add +32.9% |
| SEIC Sei Investments Company | 0.13% | 42,843 | $3.5M | No change |
| AMG Affiliated Managers Group | 0.12% | 11,541 | $3.3M | No change |
| RPM RPM International Inc. | 0.10% | 27,323 | $2.8M | Add +0.5% |
| ARMK Aramark | 0.10% | 76,698 | $2.8M | Add +0.3% |
| DLB Dolby Laboratories Inc. Class A | 0.10% | 43,223 | $2.8M | Reduce -5.9% |
| MORN Morningstar Inc. | 0.10% | 12,510 | $2.7M | Add +0.2% |
| ATR Aptargroup Inc. | 0.09% | 20,828 | $2.5M | Add +0.4% |
| LII Lennox International Inc. | 0.09% | 5,151 | $2.5M | Reduce -7.8% |
| BAH Booz Allen Hamilton Holdings | 0.09% | 29,234 | $2.5M | No change |
| WEX Wex Inc. | 0.08% | 15,609 | $2.3M | Reduce -6.2% |
| LKQ LKQ Corp. | 0.08% | 74,203 | $2.2M | No change |
| KEX Kirby Corp. | 0.08% | 20,065 | $2.2M | No change |
| QUAL iShares MSCI USA Quality Fac | 0.08% | 11,000 | $2.2M | No change |
| CHH Choice Hotels Intl Inc. | 0.08% | 22,369 | $2.1M | No change |
| TECH Bio-Techne Corp. | 0.07% | 34,990 | $2.1M | Add +0.1% |
| IEX Idex Corp. | 0.07% | 11,483 | $2.0M | Add +0.4% |
| VZ Verizon Communications Inc. | 0.07% | 50,000 | $2.0M | No change |
| NDSN Nordson Corp. | 0.07% | 8,149 | $2.0M | No change |
| MANH Manhattan Associates Inc. | 0.07% | 11,205 | $1.9M | No change |
| J Jacobs Solutions Inc. | 0.07% | 14,221 | $1.9M | Add +54.7% |
| ULTA Ulta Beauty Inc. | 0.07% | 3,077 | $1.9M | No change |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.07% | 9,319 | $1.8M | Reduce -25.2% |
| TFX Teleflex Inc. | 0.07% | 14,815 | $1.8M | Reduce -25.7% |
| ASX Ase Technology Holding -ADR | 0.06% | 111,396 | $1.8M | New |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.06% | 9,809 | $1.8M | Add +0.3% |
| SOLS Solstice Adv Materials Inc. | 0.06% | 36,037 | $1.8M | No change |
| NVST Envista Holdings Corp. | 0.06% | 77,082 | $1.7M | No change |
| ARGX Argenx SE - ADR | 0.06% | 1,862 | $1.6M | No change |
| UBS UBS Group AG-Reg | 0.06% | 33,267 | $1.5M | No change |
| GGG Graco Inc. | 0.05% | 18,537 | $1.5M | Add +0.3% |
| SCI Service Corp. International | 0.05% | 19,110 | $1.5M | Add +0.4% |
| BLKB Blackbaud Inc. | 0.05% | 23,260 | $1.5M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| WRB WR Berkley Corp. | Reduce -25.0% | 0.13% | −0.07 |
| SMTC Semtech Corp. | Sold out | 0.00% | −0.04 |
| FSS Federal Signal Corp. | Sold out | 0.00% | −0.04 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −0.03 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.03 |
| LGND Ligand Pharmaceuticals | Sold out | 0.00% | −0.03 |
| VRNS Varonis Systems Inc. | Sold out | 0.00% | −0.03 |
| ONB Old National Bancorp | Sold out | 0.00% | −0.03 |
| SUPN Supernus Pharmaceuticals Inc. | Sold out | 0.00% | −0.03 |
| ASB Associated Banc-Corp. | Sold out | 0.00% | −0.03 |
| AORT Artivion Inc. | Sold out | 0.00% | −0.03 |
| TFX Teleflex Inc. | Reduce -25.7% | 0.07% | −0.03 |
| MOD Modine Manufacturing Co. | Sold out | 0.00% | −0.03 |
| BBIO Bridgebio Pharma Inc. | Sold out | 0.00% | −0.03 |
| QTWO Q2 Holdings Inc. | Sold out | 0.00% | −0.02 |
| URBN Urban Outfitters Inc. | Sold out | 0.00% | −0.02 |
| TVTX Travere Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| ESE Esco Technologies Inc. | Sold out | 0.00% | −0.02 |
| DLB Dolby Laboratories Inc. Class A | Reduce -5.9% | 0.10% | −0.02 |
| MTX Minerals Technologies Inc. | Sold out | 0.00% | −0.02 |
| ZWS Zurn Elkay Water Solutions C | Sold out | 0.00% | −0.02 |
| SLAB Silicon Laboratories Inc. | Sold out | 0.00% | −0.02 |
| IMAX Imax Corp. | Sold out | 0.00% | −0.02 |
| SONY Sony Group Corp. - SP ADR | Reduce -30.7% | 0.03% | −0.02 |
| AXSM Axsome Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.02 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −0.02 |
| CNO Cno Financial Group Inc. | Sold out | 0.00% | −0.02 |
| KTB Kontoor Brands Inc. | Sold out | 0.00% | −0.02 |
| CWST Casella Waste Systems Inc. Class A | Sold out | 0.00% | −0.02 |
| ESNT Essent Group Ltd. | Sold out | 0.00% | −0.02 |
| WSFS WSFS Financial Corp. | Sold out | 0.00% | −0.02 |
| SSB Southstate Bank Corp. | Sold out | 0.00% | −0.02 |
| EXLS Exlservice Holdings Inc. | Sold out | 0.00% | −0.02 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.02 |
| KAI Kadant Inc. | Sold out | 0.00% | −0.02 |
| ATRC Atricure Inc. | Sold out | 0.00% | −0.02 |
| KRG Kite Realty Group Trust | Sold out | 0.00% | −0.02 |
| LII Lennox International Inc. | Reduce -7.8% | 0.09% | −0.02 |
| PBH Prestige Consumer Healthcare | Sold out | 0.00% | −0.02 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.02 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.02 |
| SM SM Energy Co. | Sold out | 0.00% | −0.02 |
| SIGI Selective Insurance Group | Sold out | 0.00% | −0.02 |
| AGIO Agios Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.02 |
| MGY Magnolia Oil & Gas Corp. Class A | Sold out | 0.00% | −0.02 |
| SR Spire Inc. | Sold out | 0.00% | −0.02 |
| ONC Beone Medicines Ltd.-ADR | Reduce -24.1% | 0.04% | −0.02 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| VTWO Vanguard Russell 2000 ETF | Add +3619.2% | 2.08% | +2.03 |
| CRM Salesforce Inc. | Add +0.2% | 2.06% | +0.15 |
| ASX Ase Technology Holding -ADR | New | 0.06% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +38.2% | 0.14% | +0.04 |
| BLD Topbuild Corp. | New | 0.04% | +0.04 |
| AVY Avery Dennison Corp. | Add +28.1% | 0.13% | +0.04 |
| CIB Grupo Cibest SA-ADR | New | 0.03% | +0.03 |
| ICLR Icon PLC | New | 0.03% | +0.03 |
| CAE Cae Inc. | New | 0.03% | +0.03 |
| TRU Transunion | Add +32.9% | 0.13% | +0.03 |
| CCL Carnival Corp. | New | 0.03% | +0.03 |
| SQM Quimica Y Minera Chil-SP ADR | New | 0.03% | +0.03 |
| CHKP Check Point Software Tech | New | 0.03% | +0.03 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.03% | +0.03 |
| BIDU Baidu Inc. - Spon ADR | New | 0.03% | +0.03 |
| NVS Novartis AG-Sponsored ADR | New | 0.02% | +0.02 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.02% | +0.02 |
| HDB HDFC Bank Ltd.-ADR | New | 0.02% | +0.02 |
| EQNR Equinor ASA-Spon ADR | New | 0.02% | +0.02 |
| EG Everest Group Ltd. | New | 0.02% | +0.02 |
| J Jacobs Solutions Inc. | Add +54.7% | 0.07% | +0.02 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.02% | +0.02 |
| ABEV Ambev SA-ADR | New | 0.02% | +0.02 |
| TM Toyota Motor Corp. -Spon ADR | Add +86.7% | 0.03% | +0.02 |
| BBD Banco Bradesco-ADR | New | 0.01% | +0.01 |
| JKHY Jack Henry & Associates Inc. | Add +0.3% | 0.06% | +0.01 |
| CNI Canadian Natl Railway Co. | Add +39.6% | 0.02% | +0.01 |
| LSTR Landstar System Inc. | Add +0.3% | 0.05% | +0.01 |
| IEX Idex Corp. | Add +0.4% | 0.07% | +0.00 |
| BSY Bentley Systems Inc. Class B | Add +50.0% | 0.04% | +0.00 |
| TECH Bio-Techne Corp. | Add +0.1% | 0.07% | +0.00 |
| NSIT Insight Enterprises Inc. | Add +48.6% | 0.04% | +0.00 |
| COLM Columbia Sportswear Co. | Add +0.5% | 0.04% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.6% | 1.58% | −0.00 |
| FDS Factset Research Systems Inc. | Add +0.4% | 0.03% | −0.00 |
| COST Costco Wholesale Corp. | Add +8.9% | 0.04% | −0.00 |
| GGG Graco Inc. | Add +0.3% | 0.05% | −0.00 |
| SCI Service Corp. International | Add +0.4% | 0.05% | −0.01 |
| SHEL Shell PLC-ADR | Add +0.0% | 0.84% | −0.01 |
| ARMK Aramark | Add +0.3% | 0.10% | −0.01 |
| MORN Morningstar Inc. | Add +0.2% | 0.10% | −0.01 |
| CSL Carlisle Cos Inc. | Add +0.3% | 0.19% | −0.01 |
| ATR Aptargroup Inc. | Add +0.4% | 0.09% | −0.01 |
| RPM RPM International Inc. | Add +0.5% | 0.10% | −0.02 |
| SHLD Global X Defense Tech ETF | Add +0.4% | 1.77% | −0.21 |
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 |