Isthmus Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Isthmus Partners, LLC reported 176 stock positions worth $849.2 million. Its top holding was Apple (AAPL) at 2.9% of the portfolio, followed by Microsoft (MSFT, 2.9%) and Alphabet Class A (GOOGL, 2.6%). Compared with Q2 2025, it opened 10 new positions, sold out of 51, added to 100 and reduced 39. The biggest buy was Procter & Gamble (PG, shares +860%) and the biggest sale an exit from AutoZone (AZO).
- Most Recent 13F
- Q2 2026
- Location
- MADISON, WI
- CIK
- 0001639666
- Portfolio Value
- $849.2M (Q3 2025)
- SEC Filing
- 0001104659-25-108816 ↗ filed Nov 10, 2025
Holdings Value
Holdings 176 stocks · $849.2M
| AAPL Apple Inc. | 2.91% | 97,177 | $24.7M | Add +6.4% |
| MSFT Microsoft Corp. | 2.87% | 47,054 | $24.4M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 2.59% | 90,640 | $22.0M | Reduce -1.3% |
| AVGO Broadcom Inc. | 2.33% | 60,005 | $19.8M | Reduce -5.7% |
| COR Cencora Inc. | 2.21% | 59,935 | $18.7M | Reduce -4.4% |
| JNJ Johnson & Johnson | 2.17% | 99,283 | $18.4M | Reduce -0.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.16% | 168,385 | $18.3M | Reduce -1.7% |
| TT Trane Technologies PLC | 2.14% | 43,117 | $18.2M | Reduce -1.8% |
| CHRW C.H. Robinson Worldwide Inc. | 2.11% | 135,272 | $17.9M | Reduce -4.4% |
| AMCR Amcor PLC | 1.93% | 2,003,404 | $16.4M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.91% | 211,271 | $16.2M | Reduce -1.2% |
| ULTA Ulta Beauty Inc. | 1.88% | 29,187 | $16.0M | Reduce -2.6% |
| HCA HCA Healthcare Inc. | 1.83% | 36,522 | $15.6M | Reduce -1.1% |
| CBOE Cboe Global Markets Inc. | 1.79% | 61,890 | $15.2M | Reduce -2.1% |
| AMAT Applied Materials Inc. | 1.79% | 74,053 | $15.2M | Add +0.1% |
| PG The Procter & Gamble Co. | 1.78% | 98,617 | $15.2M | Add +860.1% |
| ABBV Abbvie Inc. | 1.77% | 65,063 | $15.1M | Add +1.4% |
| PNC PNC Financial Services Group | 1.75% | 73,955 | $14.9M | Reduce -2.5% |
| EMR Emerson Electric Co. | 1.71% | 110,978 | $14.6M | Reduce -1.6% |
| ROK Rockwell Automation Inc. | 1.71% | 41,470 | $14.5M | Reduce -2.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.61% | 14,354 | $13.7M | Reduce -0.8% |
| FITB Fifth Third Bancorp | 1.60% | 305,671 | $13.6M | Reduce -3.3% |
| HSY The Hershey Co. | 1.60% | 72,537 | $13.6M | Reduce -0.4% |
| SYY Sysco Corp. | 1.57% | 161,534 | $13.3M | Add +0.3% |
| PYPL PayPal Holdings Inc. | 1.55% | 196,260 | $13.2M | Reduce -1.9% |
| ALSN Allison Transmission Holding | 1.52% | 151,683 | $12.9M | Reduce -1.2% |
| MCD McDonald's Corp. | 1.50% | 41,965 | $12.8M | Add +0.9% |
| ZBRA Zebra Technologies Corp. Class A | 1.49% | 42,484 | $12.6M | Add +0.8% |
| LMT Lockheed Martin Corp. | 1.47% | 24,981 | $12.5M | Add +0.6% |
| PSA Public Storage | 1.45% | 42,563 | $12.3M | Add +1.5% |
| LOW Lowe's Cos Inc. | 1.45% | 48,850 | $12.3M | Add +0.5% |
| FLS Flowserve Corp. | 1.39% | 221,361 | $11.8M | Reduce -2.1% |
| DXCM Dexcom Inc. | 1.33% | 167,786 | $11.3M | Add +0.2% |
| CL Colgate-Palmolive Co. | 1.31% | 139,415 | $11.1M | Add +1.4% |
| ZTS Zoetis Inc. | 1.23% | 71,493 | $10.5M | Add +1.6% |
| UPS United Parcel Service Class B | 1.21% | 122,948 | $10.3M | Reduce -1.7% |
| BAH Booz Allen Hamilton Holdings | 1.13% | 95,860 | $9.6M | Add +1.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.10% | 272,188 | $9.4M | Add +0.8% |
| CTRA Coterra Energy Inc. | 1.10% | 395,462 | $9.4M | Reduce -2.8% |
| IT Gartner Inc. | 1.10% | 35,551 | $9.3M | Add +12.9% |
| LKQ LKQ Corp. | 1.06% | 293,991 | $9.0M | Reduce -2.3% |
| ACN Accenture PLC Class A | 1.03% | 35,453 | $8.7M | Add +2.5% |
| INTC Intel Corp. | 0.98% | 248,276 | $8.3M | Add +0.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.80% | 83,874 | $6.8M | Add +1.1% |
| PCAR Paccar Inc. | 0.74% | 63,953 | $6.3M | Add +0.3% |
| FTDR Frontdoor Inc. | 0.66% | 83,646 | $5.6M | Reduce -1.3% |
| NSSC Napco Security Technologies | 0.62% | 122,345 | $5.3M | Add +4.5% |
| LGND Ligand Pharmaceuticals | 0.62% | 29,498 | $5.2M | Reduce -20.9% |
| TILE Interface Inc. | 0.61% | 178,832 | $5.2M | Reduce -3.5% |
| AEIS Advanced Energy Industries | 0.60% | 30,058 | $5.1M | Add +1.5% |
| MLI Mueller Industries Inc. | 0.58% | 48,673 | $4.9M | Reduce -7.8% |
| CRAI Cra International Inc. | 0.52% | 21,123 | $4.4M | Add +3.0% |
| CNM Core & Main Inc. Class A | 0.52% | 81,252 | $4.4M | Reduce -1.1% |
| IRMD Iradimed Corp. | 0.49% | 58,740 | $4.2M | Add +2.4% |
| ACLS Axcelis Technologies Inc. | 0.48% | 42,016 | $4.1M | Add +23.0% |
| NGVT Ingevity Corp. | 0.47% | 71,870 | $4.0M | Add +3.9% |
| CXT Crane NXT Co. | 0.47% | 58,903 | $4.0M | Add +8.1% |
| PLXS Plexus Corp. | 0.46% | 27,044 | $3.9M | Reduce -2.0% |
| CRK Comstock Resources Inc. | 0.46% | 196,027 | $3.9M | Add +3.8% |
| PZZA Papa John's Intl Inc. | 0.44% | 78,362 | $3.8M | Add +5.1% |
| IIIN Insteel Industries Inc. | 0.44% | 98,226 | $3.8M | Add +3.7% |
| TTEK Tetra Tech Inc. | 0.44% | 110,919 | $3.7M | Add +3.7% |
| CCBG Capital City Bank Group Inc. | 0.44% | 88,508 | $3.7M | Add +4.0% |
| SRCE 1ST Source Corp. | 0.42% | 58,317 | $3.6M | Add +5.0% |
| GSL Global Ship Lease Inc. Class A | 0.42% | 116,755 | $3.6M | Add +2.4% |
| KFY Korn Ferry | 0.42% | 51,191 | $3.6M | Add +3.3% |
| BLFS Biolife Solutions Inc. | 0.41% | 137,771 | $3.5M | Add +4.3% |
| RLI Rli Corp. | 0.41% | 53,355 | $3.5M | Add +14.0% |
| AMSF Amerisafe Inc. | 0.40% | 77,007 | $3.4M | Add +17.5% |
| LMB Limbach Holdings Inc. | 0.40% | 34,571 | $3.4M | Add +0.7% |
| JBI Janus International Group Inc. | 0.39% | 337,843 | $3.3M | Add +4.3% |
| NVEC Nve Corp. | 0.39% | 50,998 | $3.3M | Add +16.4% |
| APOG Apogee Enterprises Inc. | 0.39% | 75,650 | $3.3M | Add +108.8% |
| OPCH Option Care Health Inc. | 0.38% | 117,421 | $3.3M | Add +35.5% |
| ALEX Alexander & Baldwin Inc. | 0.37% | 174,359 | $3.2M | Add +5.9% |
| APAM Artisan Partners Asset Ma -A | 0.37% | 73,085 | $3.2M | Add +4.4% |
| AMAL Amalgamated Financial Corp. | 0.37% | 115,113 | $3.1M | Add +4.9% |
| ASO Academy Sports & Outdoors Inc. | 0.36% | 61,190 | $3.1M | Add +16.5% |
| APLE Apple Hospitality REIT Inc. | 0.36% | 254,251 | $3.1M | Add +10.8% |
| HAE Haemonetics Corp. | 0.35% | 61,702 | $3.0M | Add +36.5% |
| HCKT The Hackett Group Inc. | 0.35% | 158,198 | $3.0M | Add +16.9% |
| DFIN Donnelley Financial Solution | 0.35% | 58,414 | $3.0M | Add +6.2% |
| MDXG Mimedx Group Inc. | 0.35% | 423,263 | $3.0M | Add +8.1% |
| EIG Employers Holdings Inc. | 0.35% | 69,201 | $2.9M | Add +7.6% |
| INDB Independent Bank Corp. | 0.34% | 41,552 | $2.9M | Add +8.5% |
| MTX Minerals Technologies Inc. | 0.32% | 44,210 | $2.7M | Add +43.9% |
| SFM Sprouts Farmers Market Inc. | 0.32% | 24,636 | $2.7M | Add +11.7% |
| REYN Reynolds Consumer Products I | 0.30% | 105,240 | $2.6M | Add +13.6% |
| MLR Miller Industries Inc. | 0.30% | 62,221 | $2.5M | Add +44.5% |
| AVNT Avient Corp. | 0.29% | 74,698 | $2.5M | Add +9.3% |
| UTMD Utah Medical Products Inc. | 0.28% | 38,283 | $2.4M | Add +13.3% |
| OII Oceaneering Intl Inc. | 0.28% | 96,923 | $2.4M | Add +7.9% |
| IA Innovative Solutions & Supp | 0.28% | 189,754 | $2.4M | Reduce -0.9% |
| LOVE The Lovesac Co. | 0.28% | 138,710 | $2.3M | New |
| ATKR Atkore Inc. | 0.26% | 34,849 | $2.2M | Add +41.4% |
| GLD SPDR Gold Shares | 0.25% | 6,000 | $2.1M | No change |
| HY Hyster-Yale Inc. | 0.24% | 54,847 | $2.0M | Add +11.5% |
| META Meta Platforms Inc. Class A | 0.23% | 2,690 | $2.0M | Add +44.8% |
| NOG Northern Oil and Gas Inc. | 0.22% | 76,260 | $1.9M | Add +12.3% |
| EMBC Embecta Corp. | 0.22% | 132,406 | $1.9M | Add +14.2% |
Portfolio Sells Q2 2025 → Q3 2025
| AZO AutoZone Inc. | Sold out | 0.00% | −2.01 |
| EBAY eBay Inc. | Sold out | 0.00% | −1.96 |
| BELFB Bel Fuse Inc. Class B | Reduce -42.2% | 0.00% | −0.54 |
| GMS GMS Inc. | Sold out | 0.00% | −0.45 |
| AEBI Aebi Schmidt Holding AG | Reduce -78.2% | 0.00% | −0.30 |
| UPS United Parcel Service Class B | Reduce -1.7% | 1.21% | −0.26 |
| LKQ LKQ Corp. | Reduce -2.3% | 1.06% | −0.24 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.22 |
| ALSN Allison Transmission Holding | Reduce -1.2% | 1.52% | −0.19 |
| PYPL PayPal Holdings Inc. | Reduce -1.9% | 1.55% | −0.19 |
| GWW WW Grainger Inc. | Reduce -0.8% | 1.61% | −0.15 |
| CSL Carlisle Cos Inc. | Sold out | 0.00% | −0.12 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.11 |
| GIC Global Industrial Co. | Sold out | 0.00% | −0.11 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.11 |
| HLI Houlihan Lokey Inc. | Sold out | 0.00% | −0.11 |
| CTRA Coterra Energy Inc. | Reduce -2.8% | 1.10% | −0.10 |
| TT Trane Technologies PLC | Reduce -1.8% | 2.14% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.10 |
| AIT Applied Industrial Tech Inc. | Sold out | 0.00% | −0.09 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.08 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.08 |
| FCFS Firstcash Holdings Inc. | Sold out | 0.00% | −0.08 |
| NVT Nvent Electric PLC | Sold out | 0.00% | −0.07 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.07 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.07 |
| CNM Core & Main Inc. Class A | Reduce -1.1% | 0.52% | −0.06 |
| G Genpact Ltd. | Sold out | 0.00% | −0.06 |
| SANM Sanmina Corp. | Sold out | 0.00% | −0.06 |
| NSIT Insight Enterprises Inc. | Sold out | 0.00% | −0.06 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.06 |
| AGCO Agco Corp. | Sold out | 0.00% | −0.05 |
| PPLT Abrdn Physical Platinum SHRS | Sold out | 0.00% | −0.05 |
| CBSH Commerce Bancshares Inc. | Sold out | 0.00% | −0.05 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.05 |
| AYI Acuity Inc. | Sold out | 0.00% | −0.05 |
| WWD Woodward Inc. | Sold out | 0.00% | −0.05 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.05 |
| FCN Fti Consulting Inc. | Sold out | 0.00% | −0.05 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.04 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.04 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.04 |
| EMR Emerson Electric Co. | Reduce -1.6% | 1.71% | −0.04 |
| FIVE Five Below | Sold out | 0.00% | −0.04 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.04 |
| CVX Chevron Corp. | Sold out | 0.00% | −0.04 |
| HSIC Henry Schein Inc. | Reduce -41.4% | 0.05% | −0.04 |
| WMS Advanced Drainage Systems Inc. | Sold out | 0.00% | −0.04 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.04 |
| CBT Cabot Corp. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| PG The Procter & Gamble Co. | Add +860.1% | 1.78% | +1.59 |
| AAPL Apple Inc. | Add +6.4% | 2.91% | +0.72 |
| ABBV Abbvie Inc. | Add +1.4% | 1.77% | +0.38 |
| INTC Intel Corp. | Add +0.3% | 0.98% | +0.33 |
| LOVE The Lovesac Co. | New | 0.28% | +0.28 |
| APOG Apogee Enterprises Inc. | Add +108.8% | 0.39% | +0.22 |
| NSSC Napco Security Technologies | Add +4.5% | 0.62% | +0.21 |
| ACLS Axcelis Technologies Inc. | Add +23.0% | 0.48% | +0.20 |
| AMAT Applied Materials Inc. | Add +0.1% | 1.79% | +0.20 |
| LOW Lowe's Cos Inc. | Add +0.5% | 1.45% | +0.19 |
| LNTH Lantheus Holdings Inc. | New | 0.15% | +0.15 |
| AEIS Advanced Energy Industries | Add +1.5% | 0.60% | +0.14 |
| SYY Sysco Corp. | Add +0.3% | 1.57% | +0.14 |
| MTX Minerals Technologies Inc. | Add +43.9% | 0.32% | +0.13 |
| LMT Lockheed Martin Corp. | Add +0.6% | 1.47% | +0.13 |
| CXT Crane NXT Co. | Add +8.1% | 0.47% | +0.12 |
| NGVT Ingevity Corp. | Add +3.9% | 0.47% | +0.12 |
| IRMD Iradimed Corp. | Add +2.4% | 0.49% | +0.09 |
| EMBC Embecta Corp. | Add +14.2% | 0.22% | +0.09 |
| ASO Academy Sports & Outdoors Inc. | Add +16.5% | 0.36% | +0.09 |
| JBI Janus International Group Inc. | Add +4.3% | 0.39% | +0.08 |
| MCD McDonald's Corp. | Add +0.9% | 1.50% | +0.08 |
| BLFS Biolife Solutions Inc. | Add +4.3% | 0.41% | +0.08 |
| MLR Miller Industries Inc. | Add +44.5% | 0.30% | +0.07 |
| META Meta Platforms Inc. Class A | Add +44.8% | 0.23% | +0.07 |
| GSL Global Ship Lease Inc. Class A | Add +2.4% | 0.42% | +0.07 |
| REYN Reynolds Consumer Products I | Add +13.6% | 0.30% | +0.07 |
| PLAB Photronics Inc. | New | 0.07% | +0.07 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +1.1% | 0.80% | +0.07 |
| CRAI Cra International Inc. | Add +3.0% | 0.52% | +0.07 |
| MDXG Mimedx Group Inc. | Add +8.1% | 0.35% | +0.07 |
| V Visa Inc. Class A | New | 0.07% | +0.07 |
| OII Oceaneering Intl Inc. | Add +7.9% | 0.28% | +0.07 |
| AMSF Amerisafe Inc. | Add +17.5% | 0.40% | +0.06 |
| SCHB Schwab US Broad Market ETF | New | 0.06% | +0.06 |
| UTMD Utah Medical Products Inc. | Add +13.3% | 0.28% | +0.06 |
| INDB Independent Bank Corp. | Add +8.5% | 0.34% | +0.06 |
| OPCH Option Care Health Inc. | Add +35.5% | 0.38% | +0.06 |
| ATKR Atkore Inc. | Add +41.4% | 0.26% | +0.05 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.05% | +0.05 |
| APLE Apple Hospitality REIT Inc. | Add +10.8% | 0.36% | +0.05 |
| CCBG Capital City Bank Group Inc. | Add +4.0% | 0.44% | +0.04 |
| SLB SLB Ltd. | Add +0.8% | 1.10% | +0.04 |
| CRM Salesforce Inc. | New | 0.04% | +0.04 |
| PCAR Paccar Inc. | Add +0.3% | 0.74% | +0.03 |
| AVNT Avient Corp. | Add +9.3% | 0.29% | +0.03 |
| IIIN Insteel Industries Inc. | Add +3.7% | 0.44% | +0.03 |
| TMFC Motley Fool 100 Index ETF | New | 0.03% | +0.03 |
| ALEX Alexander & Baldwin Inc. | Add +5.9% | 0.37% | +0.03 |
| CMCO Columbus McKinnon Corp. | Add +26.1% | 0.19% | +0.03 |
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 |