Kanawha Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), Kanawha Capital Management LLC reported 221 stock positions worth $1.5 billion. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Apple (AAPL, 5.9%) and Alphabet Class A (GOOGL, 3.4%). Compared with Q3 2025, it opened 6 new positions, sold out of 3, added to 55 and reduced 121. The biggest buy was Aflac (AFL, shares +1188%) and the biggest sale Oracle (ORCL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001164478
- Portfolio Value
- $1.5B (Q4 2025)
- SEC Filing
- 0001164478-26-000001 ↗ filed Jan 28, 2026
Holdings Value
Holdings 221 stocks · $1.5B
| MSFT Microsoft Corp. | 6.65% | 199,470 | $96.5M | Reduce -2.3% |
| AAPL Apple Inc. | 5.88% | 313,844 | $85.3M | Reduce -2.0% |
| GOOGL Alphabet Inc. Class A | 3.42% | 158,728 | $49.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 3.03% | 136,347 | $43.9M | Reduce -0.8% |
| LOW Lowe's Cos Inc. | 2.81% | 169,357 | $40.8M | Reduce -0.3% |
| ORCL Oracle Corp. | 2.54% | 189,140 | $36.9M | Reduce -4.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.53% | 73,076 | $36.7M | Reduce -0.8% |
| IVV iShares Core S&P 500 ETF | 2.50% | 52,911 | $36.2M | Reduce -0.2% |
| ABBV Abbvie Inc. | 2.24% | 142,080 | $32.5M | Reduce -0.7% |
| RTX RTX Corp. | 2.15% | 170,368 | $31.2M | Reduce -0.9% |
| JNJ Johnson & Johnson | 2.12% | 148,475 | $30.7M | Reduce -0.1% |
| ADP Automatic Data Processing | 2.01% | 113,260 | $29.1M | Reduce -0.5% |
| IJH iShares Core S&P Midcap ETF | 1.82% | 400,328 | $26.4M | Add +0.2% |
| PG The Procter & Gamble Co. | 1.80% | 182,670 | $26.2M | Add +0.6% |
| MCD McDonald's Corp. | 1.73% | 82,173 | $25.1M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 1.64% | 308,908 | $23.8M | Reduce -0.2% |
| VEA Vanguard Ftse Developed ETF | 1.60% | 372,734 | $23.3M | Add +0.2% |
| APH Amphenol Corp. Class A | 1.57% | 168,486 | $22.8M | Reduce -1.4% |
| ABT Abbott Laboratories | 1.55% | 179,351 | $22.5M | Add +1.8% |
| ITW Illinois Tool Works | 1.50% | 88,201 | $21.7M | Reduce -0.8% |
| PH Parker Hannifin Corp. | 1.48% | 24,359 | $21.4M | Reduce -1.8% |
| ECL Ecolab Inc. | 1.33% | 73,693 | $19.3M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.32% | 64,576 | $19.1M | Reduce -0.1% |
| CB Chubb Ltd. | 1.28% | 59,661 | $18.6M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 1.24% | 77,908 | $18.0M | Add +1.7% |
| PEP Pepsico Inc. | 1.24% | 125,091 | $18.0M | Reduce -0.1% |
| IWM iShares Russell 2000 ETF | 1.23% | 72,236 | $17.8M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 1.20% | 144,394 | $17.4M | Add +3.1% |
| CVX Chevron Corp. | 1.19% | 113,725 | $17.3M | Add +0.1% |
| COST Costco Wholesale Corp. | 1.14% | 19,118 | $16.5M | Add +5.2% |
| CAT Caterpillar Inc. | 1.09% | 27,646 | $15.8M | Add +0.1% |
| NSC Norfolk Southern Corp. | 1.00% | 50,405 | $14.6M | Reduce -0.9% |
| QCOM Qualcomm Inc. | 1.00% | 84,755 | $14.5M | Reduce -0.8% |
| BDX Becton Dickinson and Co. | 0.92% | 68,511 | $13.3M | Reduce -16.5% |
| D Dominion Energy Inc. | 0.90% | 223,682 | $13.1M | Add +4.8% |
| USB US Bancorp | 0.89% | 243,014 | $13.0M | Add +4.2% |
| KO The Coca-Cola Co. | 0.87% | 181,201 | $12.7M | Add +1.3% |
| MDT Medtronic PLC | 0.85% | 128,120 | $12.3M | Add +5.8% |
| APD Air Products & Chemicals Inc. | 0.80% | 46,762 | $11.6M | Reduce -2.4% |
| SO The Southern Co. | 0.77% | 128,556 | $11.2M | Add +7.5% |
| NKE Nike Inc. Class B | 0.77% | 175,611 | $11.2M | Reduce -5.5% |
| NVDA Nvidia Corp. | 0.75% | 58,674 | $10.9M | Add +0.6% |
| MMM 3M Co. | 0.72% | 65,621 | $10.5M | Add +0.3% |
| VZ Verizon Communications Inc. | 0.71% | 253,649 | $10.3M | Add +4.4% |
| AVGO Broadcom Inc. | 0.68% | 28,569 | $9.9M | Reduce -2.2% |
| XLK SS Technology Select Sector | 0.67% | 67,604 | $9.7M | Reduce -0.4% |
| EMR Emerson Electric Co. | 0.66% | 72,220 | $9.6M | Reduce -3.0% |
| COF Capital One Financial Corp. | 0.65% | 39,105 | $9.5M | Reduce -0.4% |
| HD Home Depot Inc. | 0.63% | 26,752 | $9.2M | Reduce -2.7% |
| TFC Truist Financial Corp. | 0.62% | 183,393 | $9.0M | Reduce -13.9% |
| AFL Aflac Inc. | 0.58% | 76,562 | $8.4M | Add +1188.3% |
| SPGI S&P Global Inc. | 0.58% | 16,022 | $8.4M | Add +4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 12,241 | $8.3M | Reduce -1.3% |
| NDAQ Nasdaq Inc. | 0.55% | 82,342 | $8.0M | Add +0.6% |
| WMT Walmart Inc. | 0.54% | 70,244 | $7.8M | Add +10.2% |
| TGT Target Corp. | 0.52% | 77,923 | $7.6M | Reduce -21.7% |
| CARR Carrier Global Corp. | 0.50% | 137,549 | $7.3M | Add +4.2% |
| LLY Eli Lilly & Co. | 0.49% | 6,650 | $7.1M | Reduce -0.6% |
| VNQ Vanguard Real Estate ETF | 0.49% | 79,653 | $7.0M | Add +2.4% |
| BLK BlackRock Inc. | 0.48% | 6,465 | $6.9M | Add +4.7% |
| PFE Pfizer Inc. | 0.45% | 265,143 | $6.6M | Reduce -4.9% |
| DE Deere & Co. | 0.44% | 13,728 | $6.4M | Reduce -1.4% |
| AXP American Express Co. | 0.43% | 16,820 | $6.2M | Add +0.4% |
| VWO Vanguard Ftse Emerging Marke | 0.42% | 112,956 | $6.1M | Reduce -0.8% |
| CL Colgate-Palmolive Co. | 0.40% | 74,141 | $5.9M | Add +2.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 51,171 | $5.8M | Reduce -4.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.40% | 72,053 | $5.8M | Add +0.4% |
| BSV Vanguard Short-Term Bond ETF | 0.38% | 70,500 | $5.6M | Add +0.8% |
| XYL Xylem Inc. | 0.38% | 40,665 | $5.5M | Reduce -2.0% |
| VONV Vanguard Russell 1000 Value | 0.37% | 58,864 | $5.4M | Add +5.5% |
| IJR iShares Core S&P Small-Cap E | 0.33% | 39,907 | $4.8M | Reduce -0.8% |
| GPC Genuine Parts Co. | 0.31% | 37,122 | $4.6M | Add +1.2% |
| NTRS Northern Trust Corp. | 0.31% | 33,226 | $4.5M | Reduce -0.0% |
| MET Metlife Inc. | 0.31% | 56,668 | $4.5M | Add +0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 6,629 | $4.1M | Reduce -0.9% |
| OTIS Otis Worldwide Corp. | 0.26% | 43,599 | $3.8M | Reduce -5.8% |
| COP Conocophillips | 0.25% | 38,858 | $3.6M | Add +2.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.23% | 38,077 | $3.4M | Reduce -0.3% |
| KMB Kimberly-Clark Corp. | 0.22% | 31,828 | $3.2M | Reduce -14.7% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 10,301 | $3.2M | Reduce -3.4% |
| T AT&T Inc. | 0.20% | 117,485 | $2.9M | Add +5.2% |
| IWD iShares Russell 1000 Value E | 0.19% | 12,814 | $2.7M | Reduce -2.5% |
| UL Unilever PLC-Sponsored ADR | 0.18% | 39,491 | $2.6M | Reduce -1.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.17% | 21,452 | $2.5M | Reduce -2.8% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 45,352 | $2.4M | Add +29.1% |
| GOOG Alphabet Inc. Class C | 0.17% | 7,789 | $2.4M | Reduce -0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.16% | 32,185 | $2.4M | Add +1.2% |
| XLV SS Health Care Select Sector | 0.16% | 15,293 | $2.4M | Reduce -2.0% |
| ACN Accenture PLC Class A | 0.16% | 8,756 | $2.3M | Reduce -0.0% |
| SHEL Shell PLC-ADR | 0.16% | 31,603 | $2.3M | Reduce -0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.16% | 3 | $2.3M | No change |
| XLF SS Financial Select Sector | 0.15% | 40,177 | $2.2M | Reduce -1.5% |
| IWP iShares Russell Mid-Cap Grow | 0.15% | 15,824 | $2.2M | No change |
| IAU iShares Gold Trust | 0.14% | 24,732 | $2.0M | Add +21.9% |
| CTAS Cintas Corp. | 0.13% | 10,171 | $1.9M | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 0.13% | 3,982 | $1.9M | Reduce -0.9% |
| TT Trane Technologies PLC | 0.12% | 4,654 | $1.8M | Reduce -0.2% |
| PEG Public Service Enterprise GP | 0.12% | 21,824 | $1.8M | Reduce -0.3% |
| CSX CSX Corp. | 0.11% | 45,608 | $1.7M | Reduce -0.7% |
| KVUE Kenvue Inc. | 0.11% | 94,665 | $1.6M | Reduce -6.9% |
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -4.0% | 2.54% | −1.29 |
| MSFT Microsoft Corp. | Reduce -2.3% | 6.65% | −0.67 |
| ADP Automatic Data Processing | Reduce -0.5% | 2.01% | −0.31 |
| BDX Becton Dickinson and Co. | Reduce -16.5% | 0.92% | −0.15 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 2.81% | −0.14 |
| HD Home Depot Inc. | Reduce -2.7% | 0.63% | −0.14 |
| NKE Nike Inc. Class B | Reduce -5.5% | 0.77% | −0.13 |
| ITW Illinois Tool Works | Reduce -0.8% | 1.50% | −0.11 |
| APD Air Products & Chemicals Inc. | Reduce -2.4% | 0.80% | −0.11 |
| KMB Kimberly-Clark Corp. | Reduce -14.7% | 0.22% | −0.10 |
| TGT Target Corp. | Reduce -21.7% | 0.52% | −0.09 |
| ABBV Abbvie Inc. | Reduce -0.7% | 2.24% | −0.06 |
| NSC Norfolk Southern Corp. | Reduce -0.9% | 1.00% | −0.05 |
| TFC Truist Financial Corp. | Reduce -13.9% | 0.62% | −0.05 |
| XYL Xylem Inc. | Reduce -2.0% | 0.38% | −0.04 |
| PFE Pfizer Inc. | Reduce -4.9% | 0.45% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 2.53% | −0.03 |
| OTIS Otis Worldwide Corp. | Reduce -5.8% | 0.26% | −0.03 |
| DIS The Walt Disney Co. | Reduce -4.0% | 0.40% | −0.02 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.02 |
| ENB Enbridge Inc. | Sold out | 0.00% | −0.02 |
| K Kellanova | Sold out | 0.00% | −0.02 |
| EMR Emerson Electric Co. | Reduce -3.0% | 0.66% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -1.3% | 0.01% | −0.01 |
| CTAS Cintas Corp. | Reduce -0.1% | 0.13% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -4.6% | 0.10% | −0.01 |
| TT Trane Technologies PLC | Reduce -0.2% | 0.12% | −0.01 |
| DUK Duke Energy Corp. | Reduce -6.1% | 0.07% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.8% | 0.42% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.9% | 0.04% | −0.01 |
| UL Unilever PLC-Sponsored ADR | Reduce -1.7% | 0.18% | −0.01 |
| PEG Public Service Enterprise GP | Reduce -0.3% | 0.12% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -20.7% | 0.01% | −0.00 |
| WELL Welltower Inc. | Reduce -23.3% | 0.02% | −0.00 |
| BWXT BWX Technologies Inc. | Reduce -12.4% | 0.02% | −0.00 |
| GE General Electric | Reduce -3.4% | 0.22% | −0.00 |
| UNP Union Pacific Corp. | Reduce -1.7% | 0.07% | −0.00 |
| PM Philip Morris International | Reduce -1.9% | 0.08% | −0.00 |
| TOWN Towne Bank | Reduce -0.1% | 0.07% | −0.00 |
| AEP American Electric Power | Reduce -13.7% | 0.02% | −0.00 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.0% | 0.06% | −0.00 |
| EPD Enterprise Products Partners | Reduce -14.5% | 0.01% | −0.00 |
| CVS CVS Health Corp. | Reduce -14.9% | 0.02% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -5.5% | 0.03% | −0.00 |
| MINT PIMCO Enhanced Short Maturit | Reduce -2.2% | 0.06% | −0.00 |
| IR Ingersoll-Rand Inc. | Reduce -2.1% | 0.03% | −0.00 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -4.3% | 0.05% | −0.00 |
| KVUE Kenvue Inc. | Reduce -6.9% | 0.11% | −0.00 |
| HON Honeywell International Inc. | Reduce -0.6% | 0.02% | −0.00 |
| FLOT iShares Floating Rate Bond E | Reduce -0.7% | 0.09% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AFL Aflac Inc. | Add +1188.3% | 0.58% | +0.54 |
| CAT Caterpillar Inc. | Add +0.1% | 1.09% | +0.18 |
| USB US Bancorp | Add +4.2% | 0.89% | +0.11 |
| XOM Exxon Mobil Corp. | Add +3.1% | 1.20% | +0.10 |
| WMT Walmart Inc. | Add +10.2% | 0.54% | +0.08 |
| AMZN Amazon.com Inc. | Add +1.7% | 1.24% | +0.08 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | New | 0.07% | +0.07 |
| VEA Vanguard Ftse Developed ETF | Add +0.2% | 1.60% | +0.06 |
| SPGI S&P Global Inc. | Add +4.4% | 0.58% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +29.1% | 0.17% | +0.06 |
| KO The Coca-Cola Co. | Add +1.3% | 0.87% | +0.05 |
| NDAQ Nasdaq Inc. | Add +0.6% | 0.55% | +0.05 |
| MDT Medtronic PLC | Add +5.8% | 0.85% | +0.05 |
| AXP American Express Co. | Add +0.4% | 0.43% | +0.04 |
| IAU iShares Gold Trust | Add +21.9% | 0.14% | +0.04 |
| BA The Boeing Co. | New | 0.04% | +0.04 |
| VONV Vanguard Russell 1000 Value | Add +5.5% | 0.37% | +0.03 |
| MMM 3M Co. | Add +0.3% | 0.72% | +0.02 |
| KR Kroger Co. | New | 0.02% | +0.02 |
| IBB iShares Biotechnology ETF | Add +5.9% | 0.11% | +0.02 |
| ALB Albemarle Corp. | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | Add +48.1% | 0.04% | +0.02 |
| ISRG Intuitive Surgical Inc. | New | 0.02% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +0.2% | 1.82% | +0.02 |
| SOLS Solstice Adv Materials Inc. | Add +1417.9% | 0.02% | +0.01 |
| SLV iShares Silver Trust | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | Add +0.5% | 0.06% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +0.4% | 0.40% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.2% | 0.16% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +4.6% | 0.09% | +0.01 |
| CMI Cummins Inc. | Add +0.4% | 0.03% | +0.00 |
| Q Qnity Electronics Inc. | Add +19.8% | 0.02% | +0.00 |
| VOX Vanguard Communication Servi | Add +11.6% | 0.02% | +0.00 |
| COP Conocophillips | Add +2.6% | 0.25% | +0.00 |
| CL Colgate-Palmolive Co. | Add +2.2% | 0.40% | +0.00 |
| BIV Vanguard Intermediate-Term B | Add +4.4% | 0.04% | +0.00 |
| NVDA Nvidia Corp. | Add +0.6% | 0.75% | +0.00 |
| TSLA Tesla Inc. | Add +3.4% | 0.02% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Add +0.8% | 0.38% | +0.00 |
| HSY The Hershey Co. | Add +8.3% | 0.02% | +0.00 |
| CTVA Corteva Inc. | Add +1.5% | 0.01% | 0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.2% | 0.02% | −0.00 |
| D Dominion Energy Inc. | Add +4.8% | 0.90% | −0.00 |
| CI The Cigna Group | Add +1.0% | 0.06% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +2.2% | 0.09% | −0.00 |
| NFLX Netflix Inc. | Add +4.4% | 0.02% | −0.01 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.05% | −0.01 |
| VNQ Vanguard Real Estate ETF | Add +2.4% | 0.49% | −0.01 |
| MO Altria Group Inc. | Add +0.8% | 0.08% | −0.01 |
| SO The Southern Co. | Add +7.5% | 0.77% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 228 | $1.5B | AAPL, MSFT, GOOGL, JPM, IVV |
| Q1 2026 | 221 | $1.4B | AAPL, MSFT, GOOGL, JPM, LOW |
| Q4 2025 | 221 | $1.5B | MSFT, AAPL, GOOGL, JPM, LOW |
| Q3 2025 | 216 | $1.4B | MSFT, AAPL, ORCL, JPM, LOW |
| Q2 2025 | 213 | $1.3B | MSFT, AAPL, ORCL, JPM, LOW |
| Q1 2025 | 212 | $1.3B | MSFT, AAPL, LOW, BRK.B, ADP |
| Q4 2024 | 210 | $1.3B | MSFT, AAPL, LOW, ADP, BRK.B |
| Q3 2024 | 230 | $1.4B | MSFT, AAPL, LOW, ORCL, BRK.B |
| Q2 2024 | 229 | $1.3B | MSFT, AAPL, LOW, IVV, PG |
| Q1 2024 | 218 | $1.3B | MSFT, AAPL, LOW, BRK.B, ADP |