In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 18, 2025), KP Management LLC reported 51 stock positions worth $246.9 million . Its top holding was Nvidia (NVDA) at 5.9% of the portfolio, followed by Broadcom (AVGO, 5.0% ) and Microsoft (MSFT, 4.0% ). Compared with Q1 2025, it opened 3 new positions, sold out of 10, added to 5 and reduced 24. The biggest buy was Microsoft (MSFT, shares +33% ) and the biggest sale Meta Platforms Class A (META, shares −56% ).
Location Edina, MN
CIK 0002036769
Portfolio Value $246.9M (Q2 2025) Holdings 51 stocks · $246.9M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 NVDA Nvidia Corp. 92,500 $14.6M Reduce -19.6% AVGO Broadcom Inc. 45,000 $12.4M Reduce -25.0% MSFT Microsoft Corp. 20,000 $9.9M Add +33.3% HEI Heico Corp. 28,750 $9.4M Reduce -13.5% AAPL Apple Inc. 45,000 $9.2M No change AMZN Amazon.com Inc. 40,000 $8.8M Reduce -31.0% SHW The Sherwin-Williams Co. 24,000 $8.2M No change TSM Taiwan Semiconductor-SP ADR 35,000 $7.9M Reduce -17.6% GEV GE Vernova Inc. 13,125 $6.9M No change COST Costco Wholesale Corp. 7,000 $6.9M No change TDG Transdigm Group Inc. 4,250 $6.5M Reduce -5.6% MA Mastercard Inc. Class A 11,500 $6.5M No change GOOGL Alphabet Inc. Class A 35,500 $6.3M Reduce -17.4% V Visa Inc. Class A 17,500 $6.2M Reduce -28.6% ORLY O'reilly Automotive Inc. 67,500 $6.1M Reduce -14.3% CDNS Cadence Design SYS Inc. 19,000 $5.9M Reduce -41.5% BA The Boeing Co. 27,000 $5.7M Reduce -21.7% NET Cloudflare Inc. Class A 27,786 $5.4M Reduce -21.3% SPGI S&P Global Inc. 10,000 $5.3M No change META Meta Platforms Inc. Class A 7,000 $5.2M Reduce -56.3% WWD Woodward Inc. 20,500 $5.0M Add +24.2% MCO Moody's Corp. 10,000 $5.0M No change JPM JPMorgan Chase & Co. 16,527 $4.8M No change SNPS Synopsys Inc. 9,000 $4.6M Reduce -50.0% BRK.A Berkshire Hathaway Inc. Class A 6 $4.4M No change NOW ServiceNow Inc. 4,250 $4.4M No change GE General Electric filed as GE AEROSPACE 16,500 $4.2M No change PH Parker Hannifin Corp. 6,000 $4.2M No change TMO Thermo Fisher Scientific Inc. 10,000 $4.1M No change UNP Union Pacific Corp. 17,000 $3.9M Reduce -32.0% AMD Advanced Micro Devices 25,000 $3.5M New FICO Fair Isaac Corp. 1,900 $3.5M Add +46.1% MPWR Monolithic Power Systems Inc. 4,500 $3.3M Reduce -30.8% CMI Cummins Inc. 10,000 $3.3M No change ETN Eaton Corp. PLC 9,000 $3.2M Reduce -28.0% SPOT Spotify Technology SA 4,000 $3.1M No change UNH Unitedhealth Group Inc. 9,200 $2.9M Add +84.0% CP Canadian Pacific Kansas City 35,000 $2.8M No change APH Amphenol Corp. Class A 27,500 $2.7M Reduce -38.9% DDOG Datadog Inc. Class A 20,000 $2.7M No change CRWD CrowdStrike Holdings Inc. Class A 5,000 $2.5M No change CVNA Carvana Co. 7,500 $2.5M Reduce -25.0% PSN Parsons Corp. 32,500 $2.3M Reduce -43.5% CRH CRH PLC 25,000 $2.3M Reduce -37.5% APG Api Group Corp. 40,000 $2.0M No change ARM Arm Holdings PLC-ADR 10,000 $1.6M Reduce -33.3% AME Ametek Inc. 8,281 $1.5M Reduce -59.6% VRT Vertiv Holdings Co. Class A 10,000 $1.3M Reduce -63.2% DSGR Distribution Solutions Group 31,387 $862K Add +20.1% RBC RBC Bearings Inc. 2,000 $770K New OUST Ouster Inc. 13,201 $320K New
Options reported separately and not counted above: GOOGL calls ($4.4M), UNH calls ($3.6M), MSFT calls ($2.5M), TSM calls ($2.3M), AAPL puts ($2.1M), AMZN calls ($2.0M), ETN calls ($1.8M), HOOD calls ($1.6M), AVGO calls ($1.4M), ASML calls ($1.2M), AMD calls ($710K), ARM calls ($647K), and 2 more.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ META Meta Platforms Inc. Class A Reduce -56.3% 2.09% −1.45 MNDY Monday.com Ltd. Sold out 0.00% −1.31 KEYS Keysight Technologies Inc. Sold out 0.00% −1.26 SNPS Synopsys Inc. Reduce -50.0% 1.87% −1.09 TEAM Atlassian Corp. Class A Sold out 0.00% −0.98 LSCC Lattice Semiconductor Corp. Sold out 0.00% −0.91 ANSS Ansys Inc. Sold out 0.00% −0.85 CDNS Cadence Design SYS Inc. Reduce -41.5% 2.37% −0.80 V Visa Inc. Class A Reduce -28.6% 2.52% −0.78 AME Ametek Inc. Reduce -59.6% 0.61% −0.75 HD Home Depot Inc. Sold out 0.00% −0.70 UNP Union Pacific Corp. Reduce -32.0% 1.58% −0.68 AMZN Amazon.com Inc. Reduce -31.0% 3.55% −0.68 HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.48 ORLY O'reilly Automotive Inc. Reduce -14.3% 2.46% −0.42 CRH CRH PLC Reduce -37.5% 0.93% −0.42 PSN Parsons Corp. Reduce -43.5% 0.94% −0.36 GTLB Gitlab Inc. Class A Sold out 0.00% −0.27 VRT Vertiv Holdings Co. Class A Reduce -63.2% 0.52% −0.23 GPGI Gpgi Inc. Sold out 0.00% −0.22 MPWR Monolithic Power Systems Inc. Reduce -30.8% 1.33% −0.11 RHLD Resolute Holdings Manag Sold out 0.00% −0.05 APH Amphenol Corp. Class A Reduce -38.9% 1.10% −0.03 GOOGL Alphabet Inc. Class A Reduce -17.4% 2.53% −0.02 ETN Eaton Corp. PLC Reduce -28.0% 1.30% −0.00 BA The Boeing Co. Reduce -21.7% 2.29% +0.03 ARM Arm Holdings PLC-ADR Reduce -33.3% 0.66% +0.04 CVNA Carvana Co. Reduce -25.0% 1.02% +0.22 TDG Transdigm Group Inc. Reduce -5.6% 2.62% +0.23 HEI Heico Corp. Reduce -13.5% 3.82% +0.41 TSM Taiwan Semiconductor-SP ADR Reduce -17.6% 3.21% +0.50 NET Cloudflare Inc. Class A Reduce -21.3% 2.20% +0.68 NVDA Nvidia Corp. Reduce -19.6% 5.92% +1.13 AVGO Broadcom Inc. Reduce -25.0% 5.02% +1.17
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. Add +33.3% 4.03% +1.87 AMD Advanced Micro Devices New 1.44% +1.44 WWD Woodward Inc. Add +24.2% 2.03% +0.88 FICO Fair Isaac Corp. Add +46.1% 1.41% +0.49 RBC RBC Bearings Inc. New 0.31% +0.31 UNH Unitedhealth Group Inc. Add +84.0% 1.16% +0.16 OUST Ouster Inc. New 0.13% +0.13 DSGR Distribution Solutions Group Add +20.1% 0.35% +0.07
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ GOOGL Alphabet Inc. Class A call Reduce -28.6% 25,000 $4.4M UNH Unitedhealth Group Inc. call Add +283.3% 11,500 $3.6M HEI Heico Corp. call Sold out 10,000 $2.7Mbefore exit BA The Boeing Co. call Sold out 15,000 $2.6Mbefore exit MSFT Microsoft Corp. call New 5,000 $2.5M TSM Taiwan Semiconductor-SP ADR call Reduce -60.0% 10,000 $2.3M AAPL Apple Inc. put New 10,000 $2.1M AMZN Amazon.com Inc. call Reduce -61.7% 9,000 $2.0M MU Micron Technology Inc. call Sold out 22,500 $2.0Mbefore exit ETN Eaton Corp. PLC call New 5,000 $1.8M V Visa Inc. Class A call Sold out 5,000 $1.8Mbefore exit HOOD Robinhood Markets Inc. Class A call New 17,500 $1.6M AVGO Broadcom Inc. call Reduce -50.0% 5,000 $1.4M ASML ASML Holding NV-NY Reg SHS call New 1,500 $1.2M VRT Vertiv Holdings Co. Class A call Sold out 16,000 $1.2Mbefore exit AMD Advanced Micro Devices call New 5,000 $710K ARM Arm Holdings PLC-ADR call New 4,000 $647K AMZN Amazon.com Inc. put Sold out 2,500 $476Kbefore exit NVDA Nvidia Corp. call Reduce -50.0% 2,500 $395K NBIS Nebius Group NV call Sold out 15,000 $317Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 65 $477.4M ASML, NVDA, INTC, TSM, TSEM Q1 2026 61 $349.3M NVDA, ASML, TSM, GOOGL, LITE Q4 2025 54 $321.0M NVDA, AAPL, MSFT, TSM, AVGO Q3 2025 53 $285.4M NVDA, AVGO, AAPL, TSM, ASML Q2 2025 Amended 51 $246.9M NVDA, AVGO, MSFT, HEI, AAPL Q1 2025 58 $260.5M NVDA, AMZN, AVGO, AAPL, META Q4 2024 61 $284.7M AVGO, NVDA, AAPL, AMZN, META Q3 2024 57 $283.9M AVGO, NVDA, AMZN, AAPL, SHW Q2 2024 58 $265.6M NVDA, AVGO, MSFT, AAPL, AMZN Q1 2024 57 $232.9M NVDA, AMZN, AVGO, META, SHW