KP Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), KP Management LLC reported 53 stock positions worth $285.4 million. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Broadcom (AVGO, 4.4%) and Apple (AAPL, 3.6%). Compared with Q2 2025, it opened 9 new positions, sold out of 7, added to 3 and reduced 12. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale Microsoft (MSFT, shares −33%).

Most Recent 13F
Q2 2026
Location
Edina, MN
CIK
0002036769
Portfolio Value
$285.4M (Q3 2025)
SEC Filing
0000929638-25-004271 ↗ filed Nov 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $232.9M Q1 2024 Q2 2024: $265.6M Q2 2024 Q3 2024: $283.9M Q3 2024 Q4 2024: $284.7M Q4 2024 Q1 2025: $260.5M Q1 2025 Q2 2025: $246.9M Q2 2025 Q3 2025: $285.4M $285.4M Q3 2025 Q4 2025: $321.0M Q4 2025 Q1 2026: $349.3M Q1 2026 Q2 2026: $477.4M Q2 2026

Holdings 53 stocks · $285.4M
NVDA Nvidia Corp. 6.05% 92,500 $17.3M No change
AVGO Broadcom Inc. 4.39% 38,000 $12.5M Reduce -15.6%
AAPL Apple Inc. 3.57% 40,000 $10.2M Reduce -11.1%
TSM Taiwan Semiconductor-SP ADR 3.43% 35,000 $9.8M No change
ASML ASML Holding NV-NY Reg SHS 3.31% 9,750 $9.4M New
HEI Heico Corp. 3.25% 28,750 $9.3M No change
GOOGL Alphabet Inc. Class A 3.02% 35,500 $8.6M No change
AMZN Amazon.com Inc. 3.00% 39,000 $8.6M Reduce -2.5%
SNPS Synopsys Inc. 2.94% 17,000 $8.4M Add +88.9%
SHW The Sherwin-Williams Co. 2.91% 24,000 $8.3M No change
APH Amphenol Corp. Class A 2.71% 62,500 $7.7M Add +127.3%
GEV GE Vernova Inc. 2.61% 12,125 $7.5M Reduce -7.6%
ORLY O'reilly Automotive Inc. 2.55% 67,500 $7.3M No change
MSFT Microsoft Corp. 2.45% 13,500 $7.0M Reduce -32.5%
CDNS Cadence Design SYS Inc. 2.34% 19,000 $6.7M No change
MA Mastercard Inc. Class A 2.29% 11,500 $6.5M No change
COST Costco Wholesale Corp. 2.27% 7,000 $6.5M No change
V Visa Inc. Class A 2.09% 17,500 $6.0M No change
NET Cloudflare Inc. Class A 2.09% 27,786 $6.0M No change
BA The Boeing Co. 2.04% 27,000 $5.8M No change
TDG Transdigm Group Inc. 1.96% 4,250 $5.6M No change
JPM JPMorgan Chase & Co. 1.83% 16,527 $5.2M No change
WWD Woodward Inc. 1.82% 20,500 $5.2M No change
META Meta Platforms Inc. Class A 1.80% 7,000 $5.1M No change
GE General Electric filed as GE AEROSPACE 1.74% 16,500 $5.0M No change
SPGI S&P Global Inc. 1.71% 10,000 $4.9M No change
KLAC KLA Corp. 1.70% 4,500 $4.9M New
TMO Thermo Fisher Scientific Inc. 1.70% 10,000 $4.9M No change
PH Parker Hannifin Corp. 1.59% 6,000 $4.5M No change
BRK.A Berkshire Hathaway Inc. Class A 1.59% 6 $4.5M No change
TSEM Tower Semiconductor Ltd. 1.55% 61,035 $4.4M New
MCO Moody's Corp. 1.50% 9,000 $4.3M Reduce -10.0%
CMI Cummins Inc. 1.48% 10,000 $4.2M No change
MPWR Monolithic Power Systems Inc. 1.45% 4,500 $4.1M No change
NOW ServiceNow Inc. 1.37% 4,250 $3.9M No change
ETN Eaton Corp. PLC 1.31% 10,000 $3.7M Add +11.1%
UNP Union Pacific Corp. 1.24% 15,000 $3.5M Reduce -11.8%
AMD Advanced Micro Devices 1.13% 20,000 $3.2M Reduce -20.0%
APP AppLovin Corp. Class A 1.13% 4,500 $3.2M New
TIC Tic Solutions Inc. filed as ACUREN CORP 1.07% 230,000 $3.1M New
CRH CRH PLC 1.05% 25,000 $3.0M No change
DDOG Datadog Inc. Class A 1.00% 20,000 $2.8M No change
SPOT Spotify Technology SA 0.98% 4,000 $2.8M No change
GTLB Gitlab Inc. Class A 0.95% 60,000 $2.7M New
FICO Fair Isaac Corp. 0.94% 1,800 $2.7M Reduce -5.3%
CVNA Carvana Co. 0.86% 6,500 $2.5M Reduce -13.3%
CRWD CrowdStrike Holdings Inc. Class A 0.86% 5,000 $2.5M No change
STX Seagate Technology Holdings 0.83% 10,000 $2.4M New
WIX Wix.com Ltd. 0.78% 12,500 $2.2M New
CP Canadian Pacific Kansas City 0.59% 22,500 $1.7M Reduce -35.7%
APG Api Group Corp. 0.48% 40,000 $1.4M Reduce -33.3%
OUST Ouster Inc. 0.36% 38,201 $1.0M New
DSGR Distribution Solutions Group 0.33% 31,387 $944K No change

Options reported separately and not counted above: GOOGL calls ($6.1M), INTC calls ($4.0M), UNH calls ($4.0M), ETN calls ($2.8M), AMZN calls ($2.6M), AAPL puts ($2.5M), STX puts ($2.4M), AAPL calls ($1.9M), TSM calls ($1.4M), AVGO calls ($825K), AMD calls ($809K), AMZN puts ($549K), and 1 more.

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -32.5% 2.45% −1.58
UNH Unitedhealth Group Inc. Sold out 0.00% −1.16
PSN Parsons Corp. Sold out 0.00% −0.94
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.66
AVGO Broadcom Inc. Reduce -15.6% 4.39% −0.63
AME Ametek Inc. Sold out 0.00% −0.61
AMZN Amazon.com Inc. Reduce -2.5% 3.00% −0.55
CP Canadian Pacific Kansas City Reduce -35.7% 0.59% −0.54
MCO Moody's Corp. Reduce -10.0% 1.50% −0.53
VRT Vertiv Holdings Co. Class A Sold out 0.00% −0.52
FICO Fair Isaac Corp. Reduce -5.3% 0.94% −0.46
APG Api Group Corp. Reduce -33.3% 0.48% −0.35
UNP Union Pacific Corp. Reduce -11.8% 1.24% −0.34
RBC RBC Bearings Inc. Sold out 0.00% −0.31
AMD Advanced Micro Devices Reduce -20.0% 1.13% −0.30
GEV GE Vernova Inc. Reduce -7.6% 2.61% −0.20
AAPL Apple Inc. Reduce -11.1% 3.57% −0.17
CVNA Carvana Co. Reduce -13.3% 0.86% −0.16
OUST Ouster Inc. Sold out 0.00% −0.13

Portfolio Buys Q2 2025 → Q3 2025
ASML ASML Holding NV-NY Reg SHS New 3.31% +3.31
KLAC KLA Corp. New 1.70% +1.70
APH Amphenol Corp. Class A Add +127.3% 2.71% +1.61
TSEM Tower Semiconductor Ltd. New 1.55% +1.55
APP AppLovin Corp. Class A New 1.13% +1.13
TIC Tic Solutions Inc. New 1.07% +1.07
SNPS Synopsys Inc. Add +88.9% 2.94% +1.07
GTLB Gitlab Inc. Class A New 0.95% +0.95
STX Seagate Technology Holdings New 0.83% +0.83
WIX Wix.com Ltd. New 0.78% +0.78
OUST Ouster Inc. New 0.36% +0.36
ETN Eaton Corp. PLC Add +11.1% 1.31% +0.01

Options Activity Q2 2025 → Q3 2025
INTC Intel Corp. call Add +1100.0% 120,000 $4.0M
ETN Eaton Corp. PLC call Add +50.0% 7,500 $2.8M
AMZN Amazon.com Inc. call Add +33.3% 12,000 $2.6M
MSFT Microsoft Corp. call Sold out 5,000 $2.5Mbefore exit
STX Seagate Technology Holdings put New 10,000 $2.4M
AAPL Apple Inc. call New 7,500 $1.9M
HOOD Robinhood Markets Inc. Class A call Sold out 17,500 $1.6Mbefore exit
TSM Taiwan Semiconductor-SP ADR call Reduce -50.0% 5,000 $1.4M
ASML ASML Holding NV-NY Reg SHS call Sold out 1,500 $1.2Mbefore exit
AVGO Broadcom Inc. call Reduce -50.0% 2,500 $825K
ARM Arm Holdings PLC-ADR call Sold out 4,000 $647Kbefore exit
AMZN Amazon.com Inc. put New 2,500 $549K
GTLB Gitlab Inc. Class A call New 10,000 $451K
NVDA Nvidia Corp. call Sold out 2,500 $395Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 65$477.4MASML, NVDA, INTC, TSM, TSEM
Q1 2026 61$349.3MNVDA, ASML, TSM, GOOGL, LITE
Q4 2025 54$321.0MNVDA, AAPL, MSFT, TSM, AVGO
Q3 2025 53$285.4MNVDA, AVGO, AAPL, TSM, ASML
Q2 2025Amended 51$246.9MNVDA, AVGO, MSFT, HEI, AAPL
Q1 2025 58$260.5MNVDA, AMZN, AVGO, AAPL, META
Q4 2024 61$284.7MAVGO, NVDA, AAPL, AMZN, META
Q3 2024 57$283.9MAVGO, NVDA, AMZN, AAPL, SHW
Q2 2024 58$265.6MNVDA, AVGO, MSFT, AAPL, AMZN
Q1 2024 57$232.9MNVDA, AMZN, AVGO, META, SHW