Kimelman & Baird, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Kimelman & Baird, LLC reported 339 stock positions worth $1.2 billion. Its top holding was JPMorgan Chase (JPM) at 5.8% of the portfolio, followed by Costco Wholesale (COST, 5.1%) and Microsoft (MSFT, 5.0%). Compared with Q1 2025, it opened 6 new positions, sold out of 15, added to 11 and reduced 61. The biggest buy was Medtronic (MDT, shares +2141%) and the biggest sale Alphabet Class A (GOOGL, shares −39%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001318103
Portfolio Value
$1.2B (Q2 2025)
SEC Filing
0000890163-25-000009 ↗ filed Aug 12, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.2B $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.4B Q2 2026

Holdings 339 stocks · $1.2B
JPM JPMorgan Chase & Co. 5.76% 244,063 $70.8M Reduce -0.2%
COST Costco Wholesale Corp. 5.05% 62,677 $62.0M Reduce -0.4%
MSFT Microsoft Corp. 5.03% 124,280 $61.8M Reduce -0.2%
AMZN Amazon.com Inc. 4.95% 276,978 $60.8M Reduce -0.6%
AAPL Apple Inc. 4.91% 293,968 $60.3M Reduce -1.1%
CPRT Copart Inc. 4.88% 1,222,165 $60.0M Reduce -1.2%
WM Waste Management Inc. 3.91% 209,790 $48.0M Reduce -0.2%
BX Blackstone Inc. 3.85% 316,392 $47.3M Reduce -0.3%
MA Mastercard Inc. Class A 3.68% 80,430 $45.2M Reduce -0.9%
HD Home Depot Inc. 3.53% 118,118 $43.3M Reduce -0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.37% 335,623 $41.4M Reduce -0.7%
V Visa Inc. Class A 3.10% 107,165 $38.0M Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.05% 791,932 $37.5M Reduce -0.5%
WCN Waste Connections Inc. 2.85% 187,532 $35.0M Reduce -0.3%
LLY Eli Lilly & Co. 2.81% 44,283 $34.5M Reduce -1.0%
UBER Uber Technologies Inc. 2.54% 334,622 $31.2M Reduce -0.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.49% 103,765 $30.6M Reduce -0.3%
GOOGL Alphabet Inc. Class A 2.45% 171,068 $30.1M Reduce -38.5%
HON Honeywell International Inc. 2.43% 128,082 $29.8M Reduce -0.3%
OC Owens Corning 2.29% 204,741 $28.2M Reduce -0.1%
UNP Union Pacific Corp. 1.92% 102,304 $23.5M No change
OPLN Openlane Inc. 1.59% 798,502 $19.5M Reduce -0.4%
DOV Dover Corp. 1.43% 96,000 $17.6M No change
LIN Linde PLC 1.32% 34,440 $16.2M Add +1.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.30% 129,050 $16.0M Reduce -0.2%
NSC Norfolk Southern Corp. 1.19% 56,880 $14.6M No change
UPS United Parcel Service Class B 1.12% 135,994 $13.7M Reduce -3.9%
MRK Merck & Co. Inc. 1.05% 162,450 $12.9M Reduce -0.1%
NKE Nike Inc. Class B 1.04% 180,556 $12.8M Reduce -1.2%
MDT Medtronic PLC 0.99% 138,991 $12.1M Add +2141.4%
XOM Exxon Mobil Corp. 0.86% 97,589 $10.5M Reduce -0.0%
EMR Emerson Electric Co. 0.74% 68,585 $9.1M Add +0.1%
NVDA Nvidia Corp. 0.74% 57,171 $9.0M Add +2.0%
DMRC Digimarc Corp. 0.69% 640,851 $8.5M Add +11.4%
MCD McDonald's Corp. 0.65% 27,320 $8.0M No change
MRVL Marvell Technology Inc. 0.51% 80,315 $6.2M Add +48575.8%
CAC Camden National Corp. 0.49% 147,811 $6.0M Reduce -0.8%
MTB M & T Bank Corp. filed as M & T BK CORP 0.47% 29,950 $5.8M No change
ABBV Abbvie Inc. 0.47% 31,070 $5.8M No change
CVX Chevron Corp. 0.44% 37,660 $5.4M Reduce -0.1%
NUE Nucor Corp. 0.40% 37,550 $4.9M No change
NEE Nextera Energy Inc. 0.39% 68,424 $4.7M No change
SHEL Shell PLC-ADR 0.38% 66,176 $4.7M No change
GOOG Alphabet Inc. Class C 0.34% 23,404 $4.2M Reduce -30.8%
AMGN Amgen Inc. 0.34% 14,790 $4.1M Reduce -0.1%
STE Steris PLC 0.30% 15,402 $3.7M Reduce -0.4%
ABT Abbott Laboratories 0.26% 23,639 $3.2M No change
PG The Procter & Gamble Co. 0.26% 19,670 $3.1M No change
MRSH Marsh & McLennan Cos 0.23% 12,795 $2.8M No change
GE General Electric filed as GE AEROSPACE 0.22% 10,324 $2.7M No change
TRAVELERS COMPANIES INC 0.19% 8,536 $2.3M New
SXT Sensient Technologies Corp. 0.14% 17,250 $1.7M Reduce -0.6%
PM Philip Morris International 0.14% 9,293 $1.7M No change
GLD SPDR Gold Shares 0.14% 5,490 $1.7M No change
CSCO Cisco Systems Inc. 0.14% 24,006 $1.7M No change
JNJ Johnson & Johnson 0.13% 10,396 $1.6M No change
MDLZ Mondelez International Inc. Class A 0.13% 23,355 $1.6M No change
KIM Kimco Realty Corp. 0.13% 73,125 $1.5M No change
ECL Ecolab Inc. 0.12% 5,658 $1.5M No change
UL Unilever PLC 0.11% 21,600 $1.3M Reduce -0.1%
STX Seagate Technology Holdings 0.11% 9,025 $1.3M No change
SYY Sysco Corp. 0.10% 16,599 $1.3M Reduce -0.9%
MTX Minerals Technologies Inc. 0.10% 22,782 $1.3M No change
CMCSA Comcast Corp. Class A 0.10% 34,778 $1.2M No change
EOG EOG Resources Inc. 0.10% 10,095 $1.2M No change
VST Vistra Corp. 0.10% 6,200 $1.2M No change
PFE Pfizer Inc. 0.09% 46,366 $1.1M Reduce -0.7%
KR Kroger Co. 0.09% 15,300 $1.1M No change
GEV GE Vernova Inc. 0.09% 2,052 $1.1M Reduce -0.1%
BMY Bristol-Myers Squibb Co. 0.08% 21,247 $984K Reduce -0.5%
TT Trane Technologies PLC 0.08% 2,190 $958K Reduce -14.6%
DD Dupont DE Nemours Inc. 0.07% 12,824 $880K Reduce -20.7%
FNLC First Bancorp Inc. 0.07% 34,125 $867K No change
NVS Novartis AG-Sponsored ADR 0.07% 6,850 $829K No change
MMM 3M Co. 0.07% 5,400 $822K No change
GNR State Street SPDR S&P Global 0.06% 14,500 $786K No change
META Meta Platforms Inc. Class A 0.06% 1,027 $758K Add +2.5%
UTZ Utz Brands Inc. 0.06% 54,484 $684K No change
WEN The Wendy's Co. 0.05% 58,728 $671K Reduce -0.3%
GPC Genuine Parts Co. 0.05% 5,500 $667K No change
QCOM Qualcomm Inc. 0.05% 4,100 $653K No change
NWSA News Corp. Class A 0.05% 21,937 $652K Reduce -0.0%
GIS General Mills Inc. 0.05% 11,942 $619K No change
COP Conocophillips 0.05% 6,850 $615K No change
PANW Palo Alto Networks Inc. 0.05% 3,000 $614K No change
KO The Coca-Cola Co. 0.05% 8,170 $578K No change
NI Nisource Inc. 0.05% 13,950 $563K No change
KMB Kimberly-Clark Corp. 0.05% 4,350 $561K No change
LITE Lumentum Holdings Inc. 0.05% 5,874 $558K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.04% 7,114 $523K No change
FUL H.B. Fuller Co. filed as FULLER H B CO 0.04% 8,650 $520K No change
DOW Dow Inc. 0.04% 19,363 $513K No change
NFLX Netflix Inc. 0.04% 375 $502K No change
CTVA Corteva Inc. 0.04% 6,651 $496K No change
KWR Quaker Chemical Corporation 0.04% 3,982 $446K Reduce -0.3%
SW Smurfit Westrock PLC 0.04% 10,250 $442K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.04% 4,500 $442K No change
FMC FMC Corp. 0.03% 10,000 $418K No change
HES Hess Corp. 0.03% 3,000 $416K No change
WMT Walmart Inc. 0.03% 4,178 $409K Reduce -4.7%
AXP American Express Co. 0.03% 1,250 $399K No change
VOO Vanguard S&P 500 ETF 0.03% 681 $387K Add +0.3%
TFX Teleflex Inc. 0.03% 3,198 $378K Reduce -5.4%
IP International Paper Co. 0.03% 8,000 $375K No change
PEP Pepsico Inc. 0.03% 2,802 $370K Reduce -11.8%
WSM Williams-Sonoma Inc. 0.03% 2,144 $350K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 557 $344K No change
CL Colgate-Palmolive Co. 0.03% 3,500 $318K No change
TXN Texas Instruments Inc. 0.03% 1,500 $311K No change
BALL Ball Corp. 0.02% 5,265 $295K No change
FMS Fresenius Medical Care-ADR 0.02% 9,734 $278K No change
EVRG Evergy Inc. 0.02% 4,031 $278K Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 0.02% 500 $243K No change
ADBE Adobe Inc. 0.02% 619 $239K Reduce -9.9%
ASH Ashland Inc. 0.02% 4,728 $238K No change
ADM Archer-Daniels-Midland Co. 0.02% 3,966 $209K Reduce -3.6%
EQT Eqt Corp. 0.02% 3,375 $197K No change
ENB Enbridge Inc. 0.02% 4,220 $191K No change
SHOP Shopify Inc. Class A 0.01% 1,500 $173K No change
XMVFX BlackRock Munivest Fund 0.01% 26,032 $171K No change
LCNB LCNB Corporation 0.01% 11,500 $167K No change
MO Altria Group Inc. 0.01% 2,779 $163K No change
DUK Duke Energy Corp. 0.01% 1,332 $157K No change
MPC Marathon Petroleum Corp. 0.01% 942 $156K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 1,700 $155K No change
KMI Kinder Morgan Inc. 0.01% 5,211 $153K Add +15.8%
CAG Conagra Brands Inc. 0.01% 7,220 $148K Reduce -0.6%
IJH iShares Core S&P Midcap ETF 0.01% 2,250 $140K No change
KEY Keycorp 0.01% 8,000 $139K No change
ETN Eaton Corp. PLC 0.01% 387 $138K No change
XMVTX BlackRock Munivest Fund II 0.01% 13,238 $137K No change
VYM Vanguard High DVD Yield ETF 0.01% 939 $125K No change
T AT&T Inc. 0.01% 4,252 $123K No change
WTS Watts Water Technologies-A 0.01% 500 $123K No change
TSLA Tesla Inc. 0.01% 375 $119K No change
KDP Keurig Dr Pepper Inc. 0.01% 3,512 $116K Reduce -1.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.01% 261 $114K No change
WLK Westlake Corp. 0.01% 1,500 $114K No change
SRE Sempra 0.01% 1,500 $114K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 641 $113K No change
JBTM JBT Marel Corp. 0.01% 900 $108K No change
AMP Ameriprise Financial Inc. 0.01% 200 $107K No change
EXAS Exact Sciences Corp. 0.01% 1,997 $106K No change
DE Deere & Co. 0.01% 200 $102K No change
DEO Diageo PLC-Sponsored ADR 0.01% 1,000 $101K No change
SYK Stryker Corp. 0.01% 250 $99K Reduce -50.0%
GH Guardant Health Inc. 0.01% 1,900 $99K No change
CMI Cummins Inc. 0.01% 300 $98K No change
CSX CSX Corp. 0.01% 3,000 $98K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.01% 2,770 $94K No change
NOW ServiceNow Inc. 0.01% 91 $94K No change
LEN Lennar Corp. Class A 0.01% 825 $91K No change
BA The Boeing Co. 0.01% 433 $91K Reduce -1.6%
CME Cme Group Inc. 0.01% 323 $89K No change
WY Weyerhaeuser Co. 0.01% 3,413 $88K No change
PARAA Paramount Global Class B 0.01% 6,579 $85K No change
VZ Verizon Communications Inc. 0.01% 1,956 $85K No change
NEM Newmont Corp. 0.01% 1,425 $83K No change
CRS Carpenter Technology 0.01% 300 $83K No change
FDX FedEx Corp. 0.01% 355 $81K No change
AMAT Applied Materials Inc. 0.01% 436 $80K No change
PEG Public Service Enterprise GP 0.01% 900 $76K No change
GEHC GE Healthcare Technology 0.01% 1,012 $75K No change
PSX Phillips 66 0.01% 625 $75K No change
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.01% 2,729 $74K No change
FISV Fiserv Inc. 0.01% 400 $69K No change
RTX CORPORATION 0.01% 456 $67K New
TD Toronto-Dominion Bank 0.01% 883 $65K No change
WMB Williams Cos Inc. 0.01% 1,000 $63K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.01% 675 $62K No change
MOS The Mosaic Co. 0.01% 1,700 $62K No change
ESGD iShares Trust iShares ESG Aw 0.01% 692 $62K No change
XPMFX PIMCO Municipal Income Fund 0.01% 7,712 $62K No change
IWP iShares Russell Mid-Cap Grow 0.00% 428 $59K No change
INTU Intuit Inc. 0.00% 75 $59K No change
FN Fabrinet 0.00% 200 $59K No change
SWKS Skyworks Solutions Inc. 0.00% 750 $56K No change
VYMI Vanguard Int High DVD YLD Inc. 0.00% 694 $56K No change
IWF iShares Russell 1000 Growth 0.00% 130 $55K No change
L Loews Corp. 0.00% 601 $55K No change
ZBH Zimmer Biomet Holdings Inc. 0.00% 600 $55K No change
CTSH Cognizant Tech Solutions-A 0.00% 700 $55K No change
IR Ingersoll-Rand Inc. 0.00% 626 $52K No change
LW Lamb Weston Holdings Inc. 0.00% 999 $52K Reduce -1.5%
CNP Centerpoint Energy Inc. 0.00% 1,400 $51K No change
ALLE Allegion PLC 0.00% 333 $48K No change
OEC Orion SA 0.00% 4,500 $47K No change
OGE Oge Energy Corp. 0.00% 1,056 $47K No change
PGR Progressive Corp. 0.00% 175 $47K No change
MSI Motorola Solutions Inc. 0.00% 110 $46K No change
USB US Bancorp 0.00% 1,000 $45K No change
IEFA iShares Core MSCI Eafe ETF 0.00% 542 $45K No change
CDW CDW Corp. 0.00% 250 $45K No change
XEL Xcel Energy Inc. 0.00% 652 $44K No change
ASML ASML Holding NV-NY Reg SHS 0.00% 55 $44K No change
ESGE iShares Inc. iShares ESG Awar 0.00% 1,124 $44K No change
MAR Marriott International Class A 0.00% 160 $44K No change
DRI Darden Restaurants Inc. 0.00% 200 $44K No change
ROP Roper Technologies Inc. 0.00% 75 $43K No change
CHD Church & Dwight Co. Inc. 0.00% 440 $42K No change
DGS Wisdomtree Em Small Cap 0.00% 763 $42K No change
D Dominion Energy Inc. 0.00% 730 $41K No change
YUM Yum! Brands Inc. 0.00% 276 $41K No change
KHC The Kraft Heinz Co. 0.00% 1,582 $41K Add +0.9%
CAT Caterpillar Inc. 0.00% 100 $39K No change
UGI Ugi Corp. 0.00% 1,050 $38K No change
SBUX Starbucks Corp. 0.00% 416 $38K No change
LOW Lowe's Cos Inc. 0.00% 170 $38K No change
IWS iShares Russell Mid-Cap Valu 0.00% 284 $38K No change
RSPT Invesco S&P 500 Equal Weight 0.00% 910 $37K No change
UNH Unitedhealth Group Inc. 0.00% 117 $36K No change
SLVM Sylvamo Corp. 0.00% 726 $36K Reduce -0.1%
ITOT iShares Core S&P Total U.S. 0.00% 269 $36K No change
LNT Alliant Energy Corp. 0.00% 600 $36K Reduce -25.0%
CB Chubb Ltd. 0.00% 125 $36K No change
WABC Westamerica Bancorporation 0.00% 740 $36K No change
OTEX Open Text Corp. 0.00% 1,200 $35K No change
TARGET CORP 0.00% 350 $35K New
DAL Delta Air Lines Inc. 0.00% 650 $32K No change
DELL Dell Technologies -C 0.00% 252 $31K No change
ESML iShares ESG Aware MSCI USA S 0.00% 747 $31K No change
CHDN Churchill Downs Inc. 0.00% 300 $30K No change
REGN Regeneron Pharmaceuticals 0.00% 54 $28K No change
FOXA Fox Corp. Class A 0.00% 500 $28K Reduce -1.2%
NULV Nuveen ESG Large-Cap Val ETF 0.00% 662 $28K No change
IJK iShares S&P Mid-Cap 400 Grow 0.00% 300 $27K No change
INTC Intel Corp. 0.00% 1,168 $26K Add +52.1%
F Ford Motor Co. filed as FORD MTR CO 0.00% 2,360 $26K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.00% 300 $24K No change
MET Metlife Inc. 0.00% 300 $24K No change
CORP PIMCO Inv Grade Corp. BD ETF 0.00% 247 $24K No change
ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU 0.00% 401 $24K No change
GILD Gilead Sciences Inc. 0.00% 200 $22K No change
DNP DNP Select Income Fund Inc. 0.00% 2,000 $20K No change
SKX Skechers USA Inc. Class A 0.00% 300 $19K No change
FSK FS KKR Capital Corp. 0.00% 902 $19K No change
WBA Walgreens Boots Alliance Inc. 0.00% 1,600 $18K No change
APO Apollo Global Management Inc. 0.00% 112 $16K No change
PTA Cohen & Steers Tax-Advantage 0.00% 800 $16K No change
GLW Corning Inc. 0.00% 300 $16K No change
VIGI Vanguard Int Div App Indx FD 0.00% 172 $16K No change
NMRK Newmark Group Inc. Class A 0.00% 1,273 $15K No change
JFR Nuveen Floating Rate Income 0.00% 1,823 $15K No change
EVTC Evertec Inc. 0.00% 401 $14K No change
XFRAX BlackRock Fltng RT Inc. Strat 0.00% 1,094 $14K No change
YUMC Yum China Holdings Inc. 0.00% 276 $12K No change
WEC WEC Energy Group Inc. 0.00% 116 $12K No change
BCSF Bain Capital Specialty Finan 0.00% 800 $12K No change
MRP Millrose Properties 0.00% 412 $12K No change
KTOS Kratos Defense & Security 0.00% 250 $12K No change
SOLV Solventum Corp. 0.00% 150 $11K No change
VTRS Viatris Inc. 0.00% 1,261 $11K Reduce -3.1%
LEMB iShares JP Morgan Em Local C 0.00% 275 $11K No change
ADP Automatic Data Processing 0.00% 36 $11K No change
CNQ Canadian Natural Resources 0.00% 350 $11K No change
KXI iShares Global Consumer Stap 0.00% 161 $11K No change
ASGI Abrdn Global Infrastructure 0.00% 500 $10K No change
ETSY Etsy Inc. 0.00% 200 $10K No change
WSBC Wesbanco Inc. 0.00% 300 $9K No change
PPT Franklin Premir Inc. Trust-Ui 0.00% 2,529 $9K No change
CPB The Campbell's Company 0.00% 300 $9K No change
OXY Occidental Petroleum Corp. 0.00% 200 $8K No change
APH Amphenol Corp. Class A 0.00% 84 $8K New
WBD Warner Bros Discovery Inc. 0.00% 686 $8K Reduce -6.8%
LBRDK Liberty Broadband-C 0.00% 75 $7K No change
AAAU Goldman Sachs Physical Gold 0.00% 225 $7K No change
TLT iShares 20+ Year Treasury BD 0.00% 73 $6K No change
BLK BlackRock Inc. 0.00% 6 $6K No change
SEE Sealed Air Corp. 0.00% 178 $6K Reduce -50.0%
EMN Eastman Chemical Co. 0.00% 72 $5K No change
UFI Unifi Inc. 0.00% 1,000 $5K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 5 $5K New
NMAX Newsmax Inc. 0.00% 300 $5K New
SGHC Super Group SGHC Ltd. 0.00% 400 $4K No change
OGN Organon & Co. 0.00% 452 $4K No change
TMUS T-Mobile US Inc. 0.00% 18 $4K No change
CMP Compass Minerals Internation 0.00% 200 $4K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 50 $4K No change
SIRI Sirius XM Holdings Inc. 0.00% 138 $3K No change
COIN Coinbase Global Inc. Class A 0.00% 9 $3K No change
LLYVK Liberty Media Corp.-Liberty-C 0.00% 32 $3K No change
FCPT Four Corners Property Trust 0.00% 90 $2K No change
A Agilent Technologies Inc. 0.00% 19 $2K No change
HUM Humana Inc. 0.00% 9 $2K No change
ENPH Enphase Energy Inc. 0.00% 55 $2K No change
FWONK Liberty Media Corp. Class C 0.00% 17 $2K No change
SCHW Schwab (charles) Corp. 0.00% 19 $2K No change
CCJ Cameco Corp. 0.00% 23 $2K No change
KD Kyndryl Holdings Inc. 0.00% 40 $2K No change
ALC Alcon Inc. filed as ALCON AG 0.00% 18 $2K No change
SPGI S&P Global Inc. 0.00% 3 $2K No change
TDG Transdigm Group Inc. 0.00% 1 $2K No change
MCO Moody's Corp. 0.00% 3 $2K No change
KEYS Keysight Technologies Inc. 0.00% 9 $1K No change
AMD Advanced Micro Devices 0.00% 9 $1K No change
CC The Chemours Co. 0.00% 100 $1K No change
ORCL Oracle Corp. 0.00% 5 $1K No change
VIST Vista Energy Sab DE CV 0.00% 22 $1K No change
HDB HDFC Bank Ltd.-ADR 0.00% 13 $997 No change
KWEB Kranesh Csi China Internet 0.00% 29 $996 No change
ITUB Itau Unibanco H-Spon PRF ADR 0.00% 146 $992 No change
EWJ iShares MSCI Japan ETF 0.00% 13 $975 No change
CP Canadian Pacific Kansas City 0.00% 12 $952 No change
DNN Denison Mines Corp. 0.00% 517 $941 No change
NXE Nexgen Energy Ltd. 0.00% 131 $910 No change
TMO Thermo Fisher Scientific Inc. 0.00% 2 $811 No change
OKTA Okta Inc. 0.00% 8 $800 No change
FWONA Liberty Media Corp. Class A 0.00% 8 $760 No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.00% 55 $755 No change
SSNC Ss&c Technologies Holdings 0.00% 9 $746 No change
CNI Canadian Natl Railway Co. 0.00% 7 $729 No change
EXPE Expedia Group Inc. 0.00% 4 $675 No change
LLYVA Liberty Media Corp.-Liberty-A 0.00% 8 $636 No change
NBIS Nebius Group NV 0.00% 11 $609 No change
CFLT Confluent Inc. Class A 0.00% 24 $599 No change
KODK Eastman Kodak Co. 0.00% 100 $565 No change
ZIMV Zimvie Inc. 0.00% 60 $561 No change
ACVA Acv Auctions Inc. Class A 0.00% 33 $536 No change
GPK Graphic Packaging Holding Co. 0.00% 24 $506 No change
ESTC Elastic NV 0.00% 6 $506 No change
ADI Analog Devices Inc. 0.00% 2 $477 No change
IQV Iqvia Holdings Inc. 0.00% 3 $473 No change
FIVE Five Below 0.00% 3 $394 No change
ZM Zoom Communications Inc. 0.00% 5 $390 No change
XPEL Xpel Inc. 0.00% 10 $359 No change
SNREY Sunrise Communicat Class A 0.00% 6 $340 No change
SU Suncor Energy Inc. 0.00% 9 $338 No change
NKTR Nektar Therapeutics 0.00% 13 $336 Reduce -2.5%
URNM Sprott Uranium Miners ETF 0.00% 7 $336 No change
LBTYK Liberty Global Ltd. Class C 0.00% 30 $310 No change
STM Stmicroelectronics NV-NY SHS 0.00% 10 $305 No change
BATRK Atlanta Braves Holdings in-C 0.00% 6 $281 No change
WSC Willscot Holdings Corp. 0.00% 10 $274 No change
XRX Xerox Holdings Corp. 0.00% 50 $264 Reduce -18.0%
LUMN Lumen Technologies Inc. 0.00% 34 $149 No change
BATRA Atlanta Braves Holdings in-A 0.00% 3 $148 No change
XP XP Inc. Class A 0.00% 3 $61 No change
NOK Nokia Corp.-Spon ADR 0.00% 4 $21 No change
GPRO Gopro Inc. Class A 0.00% 25 $19 No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $51K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 25$29KNew
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 300$20KNew
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 81$2KNo change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Reduce -38.5% 2.45% −1.20
CPRT Copart Inc. Reduce -1.2% 4.88% −1.06
AAPL Apple Inc. Reduce -1.1% 4.91% −0.70
LLY Eli Lilly & Co. Reduce -1.0% 2.81% −0.33
WCN Waste Connections Inc. Reduce -0.3% 2.85% −0.27
WM Waste Management Inc. Reduce -0.2% 3.91% −0.23
UPS United Parcel Service Class B Reduce -3.9% 1.12% −0.20
OC Owens Corning Reduce -0.1% 2.29% −0.20
MRK Merck & Co. Inc. Reduce -0.1% 1.05% −0.19
TRV The Travelers Cos Inc. Sold out 0.00% −0.19
HD Home Depot Inc. Reduce -0.3% 3.53% −0.16
XOM Exxon Mobil Corp. Reduce -0.0% 0.86% −0.13
TJX TJX Companies Inc. Reduce -0.7% 3.37% −0.12
GOOG Alphabet Inc. Class C Reduce -30.8% 0.34% −0.11
V Visa Inc. Class A Reduce -0.4% 3.10% −0.10
MA Mastercard Inc. Class A Reduce -0.9% 3.68% −0.10
CVX Chevron Corp. Reduce -0.1% 0.44% −0.10
AMGN Amgen Inc. Reduce -0.1% 0.34% −0.06
DD Dupont DE Nemours Inc. Reduce -20.7% 0.07% −0.03
BMY Bristol-Myers Squibb Co. Reduce -0.5% 0.08% −0.03
CAC Camden National Corp. Reduce -0.8% 0.49% −0.02
GD General Dynamics Corp. Sold out 0.00% −0.02
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.02
WEN The Wendy's Co. Reduce -0.3% 0.05% −0.02
PEP Pepsico Inc. Reduce -11.8% 0.03% −0.01
PFE Pfizer Inc. Reduce -0.7% 0.09% −0.01
TFX Teleflex Inc. Reduce -5.4% 0.03% −0.01
SYK Stryker Corp. Reduce -50.0% 0.01% −0.01
KWR Quaker Chemical Corporation Reduce -0.3% 0.04% −0.01
RTX RTX Corp. Sold out 0.00% −0.01
CAG Conagra Brands Inc. Reduce -0.6% 0.01% −0.00
SYY Sysco Corp. Reduce -0.9% 0.10% −0.00
SHAK Shake Shack Inc. Class A Sold out 0.00% −0.00
COST Costco Wholesale Corp. Reduce -0.4% 5.05% −0.00
TGT Target Corp. Sold out 0.00% −0.00
ADBE Adobe Inc. Reduce -9.9% 0.02% −0.00
UL Unilever PLC Reduce -0.1% 0.11% −0.00
LNT Alliant Energy Corp. Reduce -25.0% 0.00% −0.00
SLVM Sylvamo Corp. Reduce -0.1% 0.00% −0.00
EVRG Evergy Inc. Reduce -0.6% 0.02% −0.00
VLO Valero Energy Corp. Sold out 0.00% −0.00
PLAY Dave & Buster's Entertainmen Sold out 0.00% −0.00
KDP Keurig Dr Pepper Inc. Reduce -1.9% 0.01% −0.00
NDLS Noodles & Co. Sold out 0.00% −0.00
LW Lamb Weston Holdings Inc. Reduce -1.5% 0.00% −0.00
SEE Sealed Air Corp. Reduce -50.0% 0.00% −0.00
FOXA Fox Corp. Class A Reduce -1.2% 0.00% −0.00
CNDT Conduent Inc. Sold out 0.00% 0.00
HPQ HP Inc. Sold out 0.00% 0.00
HPE Hewlett Packard Enterprise Sold out 0.00% 0.00

Portfolio Buys Q1 2025 → Q2 2025
MDT Medtronic PLC Add +2141.4% 0.99% +0.94
MRVL Marvell Technology Inc. Add +48575.8% 0.51% +0.51
NVDA Nvidia Corp. Add +2.0% 0.74% +0.22
TRAVELERS COMPANIES INC New 0.19% +0.19
EMR Emerson Electric Co. Add +0.1% 0.74% +0.11
DMRC Digimarc Corp. Add +11.4% 0.69% +0.06
META Meta Platforms Inc. Class A Add +2.5% 0.06% +0.01
RTX CORPORATION New 0.01% +0.01
TARGET CORP New 0.00% +0.00
VOO Vanguard S&P 500 ETF Add +0.3% 0.03% +0.00
KMI Kinder Morgan Inc. Add +15.8% 0.01% +0.00
APH Amphenol Corp. Class A New 0.00% +0.00
INTC Intel Corp. Add +52.1% 0.00% +0.00
GWW WW Grainger Inc. New 0.00% +0.00
NMAX Newsmax Inc. New 0.00% +0.00
KHC The Kraft Heinz Co. Add +0.9% 0.00% −0.00
LIN Linde PLC Add +1.3% 1.32% −0.03

Notes & Other Activity Q1 2025 → Q2 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A New 25 $29K
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 300 $20K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 258$1.4BAAPL, MRVL, JPM, AMZN, COST
Q1 2026 258$1.2BAAPL, COST, JPM, AMZN, TJX
Q4 2025 259$1.3BAAPL, JPM, AMZN, MSFT, COST
Q3 2025 304$1.3BJPM, AAPL, MSFT, AMZN, COST
Q2 2025 339$1.2BJPM, COST, MSFT, AMZN, AAPL
Q1 2025 348$1.2BCPRT, AAPL, JPM, COST, AMZN
Q4 2024 354$1.3BAAPL, CPRT, AMZN, JPM, COST
Q3 2024 362$1.3BAAPL, CPRT, COST, JPM, MSFT
Q2 2024 372$1.2BCPRT, AAPL, MSFT, COST, AMZN