In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), M.D. Sass, LLC reported 34 stock positions worth $1.3 billion . Its top holding was Liberty Media Class C (FWONK) at 7.3% of the portfolio, followed by Crown (CCK, 6.5% ) and Caci International Class A (CACI, 6.3% ). Compared with Q2 2024, it opened 5 new positions, sold out of 3, added to 12 and reduced 14. The biggest buy was a new position in Martin Marietta Materials (MLM) and the biggest sale an exit from Lamb Weston (LW).
Location New York, NY
CIK 0000922940
Portfolio Value $1.3B (Q3 2024) Holdings 34 stocks · $1.3B 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 Q2 2024 FWONK Liberty Media Corp. Class C 1,215,620 $94.1M Reduce -5.4% CCK Crown Holdings Inc. 867,620 $83.2M Add +3.4% CACI Caci International Inc. Class A 161,175 $81.3M Reduce -18.3% CLH Clean Harbors Inc. 324,918 $78.5M Reduce -0.8% VOO Vanguard S&P 500 ETF 147,280 $77.7M No change MRVL Marvell Technology Inc. 1,059,581 $76.4M Add +5.2% APG Api Group Corp. 2,313,473 $76.4M Add +7.5% SBAC SBA Communications Corp. 312,072 $75.1M Reduce -3.2% AME Ametek Inc. 396,105 $68.0M Add +39.5% CRL Charles River Laboratories 321,172 $63.3M Add +4.0% CBRE CBRE Group Inc. Class A 470,227 $58.5M Reduce -13.1% MLM Martin Marietta Materials 102,083 $54.9M New ICE Intercontinental Exchange Inc. 310,188 $49.8M New JBL Jabil Inc. 412,437 $49.4M Reduce -30.2% DHR Danaher Corp. 176,248 $49.0M Reduce -11.7% BDX Becton Dickinson and Co. 185,207 $44.7M New TGT Target Corp. 274,658 $42.8M Add +21.6% WAB Wabtec Corp. 179,262 $32.6M Reduce -0.8% APD Air Products & Chemicals Inc. 107,887 $32.1M Reduce -17.4% DG Dollar General Corp. 303,109 $25.6M Add +4.3% WD Walker & Dunlop Inc. 168,292 $19.1M Reduce -11.8% IWD iShares Russell 1000 Value E 68,287 $13.0M Add +41.0% AMZN Amazon.com Inc. 43,165 $8.0M Add +4.9% SPY SS SPDR S&P 500 ETF Trust-US 10,220 $5.9M No change OWL Blue Owl Capital Inc. 227,038 $4.4M Reduce -29.6% PANW Palo Alto Networks Inc. 12,429 $4.2M Reduce -12.0% MSFT Microsoft Corp. 9,788 $4.2M Add +18.1% AAPL Apple Inc. 17,900 $4.2M Add +36.6% COR Cencora Inc. 12,515 $2.8M Reduce -91.1% ACWX iShares MSCI Acwi Ex US ETF 49,100 $2.8M No change NVDA Nvidia Corp. 20,550 $2.5M Add +54.5% GOOGL Alphabet Inc. Class A 10,920 $1.8M New OPCH Option Care Health Inc. 27,413 $858K Reduce -40.3% BIL SS SPDR BB 1-3M T-Bill ETF 4,400 $404K New
Options reported separately and not counted above: HYG puts ($40.1M), SPY puts ($23.0M).
Portfolio Sells Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ LW Lamb Weston Holdings Inc. Sold out 0.00% −5.01 ON On Semiconductor Sold out 0.00% −3.01 COR Cencora Inc. Reduce -91.1% 0.22% −2.36 RTX RTX Corp. Sold out 0.00% −2.08 JBL Jabil Inc. Reduce -30.2% 3.84% −1.39 CACI Caci International Inc. Class A Reduce -18.3% 6.31% −0.59 DHR Danaher Corp. Reduce -11.7% 3.80% −0.25 APD Air Products & Chemicals Inc. Reduce -17.4% 2.49% −0.25 FWONK Liberty Media Corp. Class C Reduce -5.4% 7.31% −0.20 OWL Blue Owl Capital Inc. Reduce -29.6% 0.34% −0.12 PANW Palo Alto Networks Inc. Reduce -12.0% 0.33% −0.06 WD Walker & Dunlop Inc. Reduce -11.8% 1.48% −0.04 OPCH Option Care Health Inc. Reduce -40.3% 0.07% −0.04 CLH Clean Harbors Inc. Reduce -0.8% 6.10% +0.07 WAB Wabtec Corp. Reduce -0.8% 2.53% +0.21 CBRE CBRE Group Inc. Class A Reduce -13.1% 4.55% +0.62 SBAC SBA Communications Corp. Reduce -3.2% 5.83% +0.68
Portfolio Buys Q2 2024 → Q3 2024 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ MLM Martin Marietta Materials New 4.27% +4.27 ICE Intercontinental Exchange Inc. New 3.87% +3.87 BDX Becton Dickinson and Co. New 3.47% +3.47 AME Ametek Inc. Add +39.5% 5.28% +1.43 CCK Crown Holdings Inc. Add +3.4% 6.46% +1.38 TGT Target Corp. Add +21.6% 3.32% +0.60 IWD iShares Russell 1000 Value E Add +41.0% 1.01% +0.32 MRVL Marvell Technology Inc. Add +5.2% 5.93% +0.20 GOOGL Alphabet Inc. Class A New 0.14% +0.14 AAPL Apple Inc. Add +36.6% 0.32% +0.10 NVDA Nvidia Corp. Add +54.5% 0.19% +0.06 BIL SS SPDR BB 1-3M T-Bill ETF New 0.03% +0.03 MSFT Microsoft Corp. Add +18.1% 0.33% +0.03 AMZN Amazon.com Inc. Add +4.9% 0.62% −0.02 CRL Charles River Laboratories Add +4.0% 4.91% −0.28 APG Api Group Corp. Add +7.5% 5.93% −0.66 DG Dollar General Corp. Add +4.3% 1.99% −1.14
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 500,000 $40.1M SPY SS SPDR S&P 500 ETF Trust-US put Reduce -86.7% 40,000 $23.0M
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 38 $1.5B HSIC, AMZN, WMB, CLH, AME Q1 2026 36 $1.3B HSIC, WMB, AME, CLH, SASS Q4 2025 35 $1.3B HSIC, WMB, CLH, AME, APG Q3 2025 34 $1.2B HSIC, WMB, DHR, AME, APG Q2 2025 35 $1.2B PRMB, HSIC, CLH, AME, DHR Q1 2025 32 $1.1B APH, CLH, APG, WELL, DHR Q4 2024 33 $1.3B APG, CRL, VOO, MRVL, AME Q3 2024 34 $1.3B FWONK, CCK, CACI, CLH, VOO Q2 2024 32 $1.2B FWONK, CACI, APG, CLH, VOO Q1 2024 32 $845.0M VOO, FWONK, APG, CACI, CLH