Isthmus Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Isthmus Partners, LLC reported 211 stock positions worth $798.8 million. Its top holding was Apple (AAPL) at 2.5% of the portfolio, followed by Amcor (AMCR, 2.4%) and Cencora (COR, 2.3%). Compared with Q4 2024, it opened 12 new positions, sold out of 18, added to 95 and reduced 54. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale an exit from FMC (FMC).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001639666
- Portfolio Value
- $798.8M (Q1 2025)
- SEC Filing
- 0001104659-25-043531 ↗ filed May 1, 2025
Holdings Value
Holdings 211 stocks · $798.8M
| AAPL Apple Inc. | 2.49% | 89,676 | $19.9M | Reduce -0.3% |
| AMCR Amcor PLC | 2.43% | 2,003,404 | $19.4M | No change |
| COR Cencora Inc. | 2.29% | 65,655 | $18.3M | Reduce -0.2% |
| AZO AutoZone Inc. | 2.27% | 4,764 | $18.2M | Reduce -1.6% |
| MSFT Microsoft Corp. | 2.10% | 44,771 | $16.8M | Reduce -0.0% |
| JNJ Johnson & Johnson | 2.07% | 99,607 | $16.5M | Reduce -0.2% |
| MCD McDonald's Corp. | 2.06% | 52,771 | $16.5M | Add +0.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 2.00% | 224,405 | $16.0M | Reduce -0.8% |
| EBAY eBay Inc. | 1.99% | 234,334 | $15.9M | Reduce -0.8% |
| TT Trane Technologies PLC | 1.94% | 45,900 | $15.5M | Add +0.6% |
| DGX Quest Diagnostics Inc. | 1.90% | 89,874 | $15.2M | Reduce -0.8% |
| ALSN Allison Transmission Holding | 1.83% | 152,694 | $14.6M | Reduce -0.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.82% | 173,509 | $14.6M | Reduce -24.8% |
| CHRW C.H. Robinson Worldwide Inc. | 1.82% | 141,814 | $14.5M | Reduce -0.9% |
| CBOE Cboe Global Markets Inc. | 1.80% | 63,470 | $14.4M | Reduce -0.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.79% | 14,468 | $14.3M | Add +0.1% |
| PYPL PayPal Holdings Inc. | 1.69% | 206,896 | $13.5M | Reduce -0.3% |
| KVUE Kenvue Inc. | 1.67% | 556,269 | $13.3M | Add +1.0% |
| PNC PNC Financial Services Group | 1.66% | 75,646 | $13.3M | Reduce -0.2% |
| IT Gartner Inc. | 1.64% | 31,220 | $13.1M | Add +0.4% |
| CL Colgate-Palmolive Co. | 1.61% | 137,111 | $12.8M | Add +1.8% |
| HCA HCA Healthcare Inc. | 1.59% | 36,701 | $12.7M | Add +2.4% |
| PSA Public Storage | 1.57% | 41,958 | $12.6M | Add +1.4% |
| LKQ LKQ Corp. | 1.57% | 294,199 | $12.5M | Add +25.8% |
| EMR Emerson Electric Co. | 1.56% | 113,323 | $12.4M | Add +0.5% |
| FITB Fifth Third Bancorp | 1.55% | 316,565 | $12.4M | Add +0.1% |
| HSY The Hershey Co. | 1.55% | 72,208 | $12.3M | Add +4.3% |
| SYY Sysco Corp. | 1.50% | 159,761 | $12.0M | Add +2.2% |
| CTRA Coterra Energy Inc. | 1.47% | 405,271 | $11.7M | Add +1.0% |
| ZBRA Zebra Technologies Corp. Class A | 1.45% | 41,005 | $11.6M | Add +1.5% |
| ZTS Zoetis Inc. | 1.44% | 70,062 | $11.5M | Add +1.8% |
| LOW Lowe's Cos Inc. | 1.41% | 48,323 | $11.3M | Add +1.1% |
| ROK Rockwell Automation Inc. | 1.39% | 42,939 | $11.1M | Add +2.9% |
| UPS United Parcel Service Class B | 1.39% | 100,637 | $11.1M | Add +17.4% |
| ULTA Ulta Beauty Inc. | 1.38% | 30,171 | $11.1M | Add +1.3% |
| FLS Flowserve Corp. | 1.38% | 226,398 | $11.1M | Reduce -0.9% |
| LMT Lockheed Martin Corp. | 1.37% | 24,498 | $10.9M | Add +2.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.36% | 259,723 | $10.9M | Add +14.0% |
| AVGO Broadcom Inc. | 1.34% | 63,874 | $10.7M | New |
| ACN Accenture PLC Class A | 1.34% | 34,234 | $10.7M | Add +0.7% |
| DOC Healthpeak Properties Inc. | 1.33% | 525,886 | $10.6M | Add +7.4% |
| BAH Booz Allen Hamilton Holdings | 1.22% | 93,320 | $9.8M | Add +1.7% |
| AMAT Applied Materials Inc. | 1.12% | 61,532 | $8.9M | Add +0.8% |
| PCAR Paccar Inc. | 0.78% | 63,705 | $6.2M | Add +0.5% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.68% | 79,508 | $5.4M | Add +1.2% |
| CRK Comstock Resources Inc. | 0.59% | 230,429 | $4.7M | Reduce -1.9% |
| MLI Mueller Industries Inc. | 0.52% | 55,067 | $4.2M | Reduce -0.9% |
| CNM Core & Main Inc. Class A | 0.50% | 82,592 | $4.0M | Reduce -0.0% |
| LGND Ligand Pharmaceuticals | 0.50% | 37,675 | $4.0M | Reduce -1.1% |
| HCKT The Hackett Group Inc. | 0.49% | 135,001 | $3.9M | Reduce -0.0% |
| RLI Rli Corp. | 0.47% | 46,577 | $3.7M | Add +0.8% |
| TILE Interface Inc. | 0.47% | 187,376 | $3.7M | Reduce -0.2% |
| CRAI Cra International Inc. | 0.45% | 20,648 | $3.6M | Reduce -1.3% |
| BELFB Bel Fuse Inc. Class B | 0.44% | 47,362 | $3.5M | Reduce -0.1% |
| PLXS Plexus Corp. | 0.44% | 27,423 | $3.5M | Reduce -1.6% |
| FTDR Frontdoor Inc. | 0.43% | 90,037 | $3.5M | Reduce -0.1% |
| AMSF Amerisafe Inc. | 0.42% | 64,441 | $3.4M | Add +0.8% |
| SFM Sprouts Farmers Market Inc. | 0.42% | 22,024 | $3.4M | Reduce -4.1% |
| KFY Korn Ferry | 0.42% | 49,499 | $3.4M | Add +0.1% |
| LMB Limbach Holdings Inc. | 0.41% | 44,474 | $3.3M | Reduce -0.2% |
| SRCE 1ST Source Corp. | 0.41% | 55,082 | $3.3M | Add +0.8% |
| EIG Employers Holdings Inc. | 0.41% | 64,127 | $3.2M | Reduce -0.0% |
| AMAL Amalgamated Financial Corp. | 0.39% | 109,534 | $3.1M | Reduce -0.2% |
| TTEK Tetra Tech Inc. | 0.39% | 106,927 | $3.1M | Add +12.0% |
| CCBG Capital City Bank Group Inc. | 0.39% | 85,761 | $3.1M | Add +0.7% |
| PZZA Papa John's Intl Inc. | 0.38% | 74,318 | $3.1M | Add +4.1% |
| IRMD Iradimed Corp. | 0.38% | 57,800 | $3.0M | Add +0.0% |
| BLFS Biolife Solutions Inc. | 0.38% | 131,616 | $3.0M | Reduce -0.1% |
| ALEX Alexander & Baldwin Inc. | 0.35% | 164,165 | $2.8M | Add +0.3% |
| AEIS Advanced Energy Industries | 0.35% | 29,565 | $2.8M | Add +0.3% |
| INTC Intel Corp. | 0.35% | 123,765 | $2.8M | Add +0.0% |
| NVEC Nve Corp. | 0.35% | 43,567 | $2.8M | Add +0.9% |
| APAM Artisan Partners Asset Ma -A | 0.34% | 69,534 | $2.7M | Add +0.7% |
| HAE Haemonetics Corp. | 0.34% | 42,465 | $2.7M | Add +5.6% |
| NGVT Ingevity Corp. | 0.34% | 68,162 | $2.7M | Reduce -12.0% |
| GMS GMS Inc. | 0.33% | 35,729 | $2.6M | Add +4.5% |
| GSL Global Ship Lease Inc. Class A | 0.33% | 113,625 | $2.6M | Add +0.7% |
| APLE Apple Hospitality REIT Inc. | 0.32% | 200,823 | $2.6M | Add +0.5% |
| IIIN Insteel Industries Inc. | 0.31% | 94,819 | $2.5M | Add +3.9% |
| AVNT Avient Corp. | 0.31% | 65,861 | $2.4M | Add +1.3% |
| INDB Independent Bank Corp. | 0.30% | 37,994 | $2.4M | Add +1.8% |
| MDXG Mimedx Group Inc. | 0.30% | 310,262 | $2.4M | Add +1.1% |
| NSSC Napco Security Technologies | 0.29% | 102,380 | $2.4M | Add +17.2% |
| ASO Academy Sports & Outdoors Inc. | 0.29% | 51,534 | $2.4M | Add +25.6% |
| REYN Reynolds Consumer Products I | 0.27% | 90,116 | $2.2M | Add +3.2% |
| HY Hyster-Yale Inc. | 0.25% | 47,674 | $2.0M | Add +1.0% |
| GIC Global Industrial Co. | 0.24% | 86,382 | $1.9M | Add +4.9% |
| OII Oceaneering Intl Inc. | 0.24% | 88,477 | $1.9M | Add +0.3% |
| OEC Orion SA | 0.24% | 145,965 | $1.9M | Add +4.2% |
| JBI Janus International Group Inc. | 0.23% | 260,220 | $1.9M | New |
| UTMD Utah Medical Products Inc. | 0.23% | 32,923 | $1.8M | Add +4.6% |
| MLR Miller Industries Inc. | 0.23% | 42,861 | $1.8M | Add +93.2% |
| VREX Varex Imaging Corp. | 0.22% | 153,396 | $1.8M | Add +2.4% |
| GLD SPDR Gold Shares | 0.22% | 6,000 | $1.7M | No change |
| PG The Procter & Gamble Co. | 0.21% | 9,910 | $1.7M | Reduce -1.2% |
| DCGO Docgo Inc. | 0.21% | 638,400 | $1.7M | Add +2.3% |
| MTW Manitowoc Company Inc. | 0.21% | 193,640 | $1.7M | Add +3.8% |
| SHYF The Shyft Group Inc. | 0.20% | 202,062 | $1.6M | Reduce -0.2% |
| OPCH Option Care Health Inc. | 0.20% | 46,402 | $1.6M | New |
| BFLY Butterfly Network Inc. | 0.20% | 689,222 | $1.6M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| FMC FMC Corp. | Sold out | 0.00% | −0.74 |
| PYPL PayPal Holdings Inc. | Reduce -0.3% | 1.69% | −0.46 |
| LGTY Logility Supply Chain Soluti | Sold out | 0.00% | −0.35 |
| BNY Bank of New York Mellon Corp. | Reduce -24.8% | 1.82% | −0.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -72.6% | 0.11% | −0.29 |
| AAPL Apple Inc. | Reduce -0.3% | 2.49% | −0.25 |
| FWRD Forward Air Corp. | Sold out | 0.00% | −0.22 |
| FLS Flowserve Corp. | Reduce -0.9% | 1.38% | −0.21 |
| MSFT Microsoft Corp. | Reduce -0.0% | 2.10% | −0.19 |
| AZZ Azz Inc. | Sold out | 0.00% | −0.18 |
| ALSN Allison Transmission Holding | Reduce -0.1% | 1.83% | −0.18 |
| FTDR Frontdoor Inc. | Reduce -0.1% | 0.43% | −0.17 |
| MCFT Mastercraft Boat Holdings Inc. | Reduce -38.2% | 0.16% | −0.12 |
| PNC PNC Financial Services Group | Reduce -0.2% | 1.66% | −0.11 |
| TILE Interface Inc. | Reduce -0.2% | 0.47% | −0.09 |
| PLXS Plexus Corp. | Reduce -1.6% | 0.44% | −0.09 |
| SHYF The Shyft Group Inc. | Reduce -0.2% | 0.20% | −0.08 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.07 |
| AMAL Amalgamated Financial Corp. | Reduce -0.2% | 0.39% | −0.05 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.05 |
| LMB Limbach Holdings Inc. | Reduce -0.2% | 0.41% | −0.05 |
| CSX CSX Corp. | Sold out | 0.00% | −0.05 |
| NGVT Ingevity Corp. | Reduce -12.0% | 0.34% | −0.05 |
| EVR Evercore Inc. Class A | Reduce -9.6% | 0.09% | −0.04 |
| BLFS Biolife Solutions Inc. | Reduce -0.1% | 0.38% | −0.04 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.04 |
| AMN Amn Healthcare Services Inc. | Reduce -41.0% | 0.06% | −0.04 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.03 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.03 |
| BELFB Bel Fuse Inc. Class B | Reduce -0.1% | 0.44% | −0.03 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.03 |
| CRAI Cra International Inc. | Reduce -1.3% | 0.45% | −0.03 |
| PII Polaris Inc. | Sold out | 0.00% | −0.03 |
| RTX RTX Corp. | Sold out | 0.00% | −0.03 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.03 |
| DFAS Dimensional US Small Cap ETF | Sold out | 0.00% | −0.02 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.02 |
| MATV Mativ Holdings Inc. | Reduce -0.5% | 0.03% | −0.02 |
| LRN Stride Inc. | Reduce -43.7% | 0.05% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -18.6% | 0.07% | −0.02 |
| CNM Core & Main Inc. Class A | Reduce -0.0% | 0.50% | −0.01 |
| MLI Mueller Industries Inc. | Reduce -0.9% | 0.52% | −0.01 |
| GRAB Grab Holdings Ltd. Class A | Sold out | 0.00% | −0.01 |
| HCKT The Hackett Group Inc. | Reduce -0.0% | 0.49% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -0.2% | 0.05% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -27.4% | 0.03% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -7.5% | 0.13% | −0.01 |
| AYI Acuity Inc. | Reduce -9.8% | 0.05% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 0.06% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | New | 1.34% | +1.34 |
| LKQ LKQ Corp. | Add +25.8% | 1.57% | +0.52 |
| SLB SLB Ltd. | Add +14.0% | 1.36% | +0.30 |
| HCA HCA Healthcare Inc. | Add +2.4% | 1.59% | +0.28 |
| KVUE Kenvue Inc. | Add +1.0% | 1.67% | +0.24 |
| JBI Janus International Group Inc. | New | 0.23% | +0.23 |
| CTRA Coterra Energy Inc. | Add +1.0% | 1.47% | +0.22 |
| MCD McDonald's Corp. | Add +0.6% | 2.06% | +0.21 |
| OPCH Option Care Health Inc. | New | 0.20% | +0.20 |
| CXT Crane NXT Co. | New | 0.19% | +0.19 |
| DFIN Donnelley Financial Solution | New | 0.18% | +0.18 |
| MTX Minerals Technologies Inc. | New | 0.16% | +0.16 |
| KMB Kimberly-Clark Corp. | Add +536.7% | 0.18% | +0.15 |
| DOC Healthpeak Properties Inc. | Add +7.4% | 1.33% | +0.13 |
| HSY The Hershey Co. | Add +4.3% | 1.55% | +0.12 |
| CL Colgate-Palmolive Co. | Add +1.8% | 1.61% | +0.12 |
| ZTS Zoetis Inc. | Add +1.8% | 1.44% | +0.08 |
| UPS United Parcel Service Class B | Add +17.4% | 1.39% | +0.07 |
| PSA Public Storage | Add +1.4% | 1.57% | +0.07 |
| MLR Miller Industries Inc. | Add +93.2% | 0.23% | +0.05 |
| INTC Intel Corp. | Add +0.0% | 0.35% | +0.05 |
| SYY Sysco Corp. | Add +2.2% | 1.50% | +0.05 |
| MTN Vail Resorts Inc. | New | 0.05% | +0.05 |
| CROX Crocs Inc. | New | 0.05% | +0.05 |
| IVV iShares Core S&P 500 ETF | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +10.4% | 0.13% | +0.03 |
| ICE Intercontinental Exchange Inc. | New | 0.03% | +0.03 |
| PZZA Papa John's Intl Inc. | Add +4.1% | 0.38% | +0.03 |
| GSL Global Ship Lease Inc. Class A | Add +0.7% | 0.33% | +0.03 |
| SRCE 1ST Source Corp. | Add +0.8% | 0.41% | +0.02 |
| AMSF Amerisafe Inc. | Add +0.8% | 0.42% | +0.02 |
| HDSN Hudson Technologies Inc. | New | 0.02% | +0.02 |
| HALO Halozyme Therapeutics Inc. | Add +2.5% | 0.05% | +0.02 |
| KFY Korn Ferry | Add +0.1% | 0.42% | +0.02 |
| IIIN Insteel Industries Inc. | Add +3.9% | 0.31% | +0.01 |
| ASO Academy Sports & Outdoors Inc. | Add +25.6% | 0.29% | +0.01 |
| INDB Independent Bank Corp. | Add +1.8% | 0.30% | +0.01 |
| CCBG Capital City Bank Group Inc. | Add +0.7% | 0.39% | +0.01 |
| DOX Amdocs Ltd. | Add +2.4% | 0.05% | +0.01 |
| RLI Rli Corp. | Add +0.8% | 0.47% | +0.01 |
| REXR Rexford Industrial Realty Inc. | Add +7.5% | 0.04% | +0.00 |
| MGY Magnolia Oil & Gas Corp. Class A | Add +1.8% | 0.03% | +0.00 |
| OVV Ovintiv Inc. | Add +1.4% | 0.03% | +0.00 |
| JAZZ Jazz Pharmaceuticals PLC | Add +1.7% | 0.05% | +0.00 |
| SANM Sanmina Corp. | Add +1.5% | 0.05% | +0.00 |
| HSIC Henry Schein Inc. | Add +1.1% | 0.09% | +0.00 |
| CBSH Commerce Bancshares Inc. | Add +1.9% | 0.05% | +0.00 |
| SNA Snap-on Inc. | Add +1.6% | 0.05% | +0.00 |
| AGCO Agco Corp. | Add +2.0% | 0.05% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 226 | $1.0B | IEFA, AAPL, GOOGL, AMAT, AVGO |
| Q1 2026 | 217 | $953.4M | IEFA, AAPL, GOOGL, JNJ, V |
| Q4 2025 | 214 | $900.5M | AAPL, GOOGL, MSFT, CHRW, JNJ |
| Q3 2025 | 176 | $849.2M | AAPL, MSFT, GOOGL, AVGO, COR |
| Q2 2025 | 217 | $856.1M | MSFT, TT, COR, AAPL, AMCR |
| Q1 2025 | 211 | $798.8M | AAPL, AMCR, COR, AZO, MSFT |
| Q4 2024 | 217 | $822.7M | AAPL, MSFT, AMCR, BNY, PYPL |
| Q3 2024 | 195 | $841.7M | AAPL, TT, MSFT, PYPL, BNY |
| Q2 2024Amended | 196 | $849.2M | IEFA, AAPL, MSFT, TT, AMAT |
| Q1 2024 | 197 | $881.0M | IEFA, ALSN, MSFT, TT, COR |