M. Kraus & Co

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), M. Kraus & Co reported 83 stock positions worth $358.1 million. Its top holding was Microsoft (MSFT) at 10.9% of the portfolio, followed by Alphabet Class C (GOOG, 7.0%) and Berkshire Hathaway - B (6.2%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 9 and reduced 46. The biggest buy was Republic Services (RSG, shares +627%) and the biggest sale Carrier Global (CARR, shares −2%).

Most Recent 13F
Q2 2026
Location
SHELBURNE, VT
CIK
0001593688
Portfolio Value
$358.1M (Q3 2025)
SEC Filing
0001593688-25-000006 ↗ filed Oct 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $329.3M Q1 2024 Q2 2024: $326.2M Q2 2024 Q3 2024: $341.3M Q3 2024 Q4 2024: $333.3M Q4 2024 Q1 2025: $328.8M Q1 2025 Q2 2025: $340.7M Q2 2025 Q3 2025: $358.1M $358.1M Q3 2025 Q4 2025: $358.1M Q4 2025 Q1 2026: $342.9M Q1 2026 Q2 2026: $376.9M Q2 2026

Holdings 83 stocks · $358.1M
MSFT Microsoft Corp. 10.89% 75,267 $39.0M Reduce -1.6%
GOOG Alphabet Inc. Class C 6.95% 102,233 $24.9M Reduce -1.7%
Berkshire Hathaway - B 6.25% 44,506 $22.4M Reduce -3.1%
LHX L3HARRIS Technologies Inc. 4.09% 48,013 $14.7M Reduce -3.3%
TMO Thermo Fisher Scientific Inc. 4.05% 29,883 $14.5M Reduce -3.8%
RTX RTX Corp. 3.69% 78,971 $13.2M Reduce -1.4%
NSC Norfolk Southern Corp. 3.58% 42,695 $12.8M Reduce -2.1%
ROK Rockwell Automation Inc. 3.16% 32,334 $11.3M Reduce -0.8%
CSCO Cisco Systems Inc. 2.95% 154,163 $10.5M Add +1.2%
ABT Abbott Laboratories 2.85% 76,235 $10.2M Reduce -1.2%
NEE Nextera Energy Inc. 2.84% 134,771 $10.2M Reduce -1.8%
ECL Ecolab Inc. 2.82% 36,911 $10.1M Reduce -2.0%
ITW Illinois Tool Works 2.82% 38,720 $10.1M Reduce -2.3%
JNJ Johnson & Johnson 2.58% 49,758 $9.2M Reduce -1.7%
ABBV Abbvie Inc. 2.54% 39,248 $9.1M Reduce -1.7%
PG The Procter & Gamble Co. 2.48% 57,799 $8.9M Reduce -2.2%
CHD Church & Dwight Co. Inc. 2.48% 101,168 $8.9M Reduce -0.8%
CARR Carrier Global Corp. 2.39% 143,135 $8.5M Reduce -1.7%
AVGO Broadcom Inc. 2.18% 23,672 $7.8M Add +0.5%
PEP Pepsico Inc. 2.11% 53,727 $7.5M Reduce -1.5%
LIN Linde PLC 2.07% 15,616 $7.4M Reduce -0.9%
MDLZ Mondelez International Inc. Class A 2.04% 117,031 $7.3M Reduce -1.1%
ENB Enbridge Inc. 2.01% 142,743 $7.2M Reduce -1.1%
AAPL Apple Inc. 1.90% 26,704 $6.8M Reduce -0.2%
FISV Fiserv Inc. 1.66% 46,143 $5.9M Reduce -0.7%
MCHP Microchip Technology Inc. 1.63% 90,825 $5.8M Reduce -1.7%
RSG Republic Services Inc. 1.12% 17,455 $4.0M Add +626.7%
ACN Accenture PLC Class A 1.05% 15,196 $3.7M Reduce -20.6%
JPM JPMorgan Chase & Co. 0.78% 8,811 $2.8M Add +2.8%
ADBE Adobe Inc. 0.71% 7,234 $2.6M Reduce -3.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.70% 22,006 $2.5M Reduce -2.3%
BDX Becton Dickinson and Co. 0.70% 13,371 $2.5M Reduce -4.7%
VZ Verizon Communications Inc. 0.66% 53,388 $2.3M Reduce -0.8%
OTIS Otis Worldwide Corp. 0.63% 24,608 $2.2M Reduce -5.5%
AMZN Amazon.com Inc. 0.58% 9,413 $2.1M Add +2.2%
COP Conocophillips 0.52% 19,536 $1.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.44% 5,637 $1.6M No change
GOOGL Alphabet Inc. Class A 0.43% 6,361 $1.5M Reduce -0.4%
CVX Chevron Corp. 0.42% 9,689 $1.5M Reduce -0.8%
ETN Eaton Corporation 0.39% 3,716 $1.4M Reduce -2.1%
NVDA Nvidia Corp. 0.35% 6,715 $1.3M No change
AMGN Amgen Inc. 0.29% 3,640 $1.0M Add +4.0%
GLD SPDR Gold Shares 0.28% 2,865 $1.0M No change
HD Home Depot Inc. 0.28% 2,459 $996K Add +4.6%
MRK Merck & Co. Inc. 0.24% 10,383 $871K Reduce -10.0%
MA Mastercard Inc. Class A 0.24% 1,531 $871K Reduce -3.2%
MDY State Street SPDR S&P Midcap 0.23% 1,375 $820K No change
COST Costco Wholesale Corp. 0.21% 820 $759K No change
LLY Eli Lilly & Co. 0.20% 960 $732K No change
IWM iShares Russell 2000 ETF 0.20% 2,925 $708K No change
MCD McDonald's Corp. 0.19% 2,222 $675K Add +6.0%
QDF NT Qual Div ETF 0.18% 8,000 $635K No change
WMT Walmart Inc. 0.17% 5,929 $611K Reduce -2.5%
ORCL Oracle Corp. 0.16% 2,034 $572K Reduce -3.1%
V Visa Inc. Class A 0.16% 1,668 $569K No change
XOM Exxon Mobil Corp. 0.15% 4,789 $540K Reduce -39.5%
VTI VG Morningstar TS MKT ETF-US 0.13% 1,455 $477K Reduce -15.6%
PFE Pfizer Inc. 0.13% 18,489 $471K Reduce -1.6%
KO The Coca-Cola Co. 0.13% 6,888 $457K No change
VGT Vanguard Info Tech ETF 0.12% 3,409 $439K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 2,866 $414K No change
UNP Union Pacific Corp. 0.12% 1,747 $413K No change
PAYX Paychex Inc. 0.10% 2,934 $372K Reduce -1.0%
HON Honeywell International Inc. 0.10% 1,744 $367K Reduce -3.8%
IVW iShares S&P 500 Growth ETF 0.10% 3,000 $362K No change
Yum! Brands, Inc. 0.10% 2,242 $341K Reduce -2.2%
NFLX Netflix Inc. 0.09% 261 $313K No change
GD General Dynamics Corp. 0.09% 906 $309K No change
PM Philip Morris International 0.09% 1,895 $307K No change
MMM 3M Co. 0.09% 1,965 $305K No change
DOV Dover Corp. 0.08% 1,750 $292K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.08% 426 $284K Reduce -56.8%
DCI Donaldson Co. Inc. 0.08% 3,443 $282K No change
American Express Co. 0.08% 836 $278K Reduce -0.6%
DUK Duke Energy Corp. 0.08% 2,229 $276K No change
VOO Vanguard S&P 500 ETF 0.08% 450 $276K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.07% 532 $255K No change
KMB Kimberly-Clark Corp. 0.07% 1,973 $245K Reduce -5.0%
META Meta Platforms Inc. Class A 0.07% 325 $239K Add +4.2%
MO Altria Group Inc. 0.07% 3,600 $238K No change
SYK Stryker Corp. 0.06% 618 $228K No change
WFC Wells Fargo & Co. 0.06% 2,539 $213K No change
GoLogiq Inc - Restricted Share 0.00% 17,000 $0 No change

Portfolio Sells Q2 2025 → Q3 2025
CARR Carrier Global Corp. Reduce -1.7% 2.39% −0.74
FISV Fiserv Inc. Reduce -0.7% 1.66% −0.69
ACN Accenture PLC Class A Reduce -20.6% 1.05% −0.63
CHD Church & Dwight Co. Inc. Reduce -0.8% 2.48% −0.40
MDLZ Mondelez International Inc. Class A Reduce -1.1% 2.04% −0.30
Berkshire Hathaway - B Reduce -3.1% 6.25% −0.30
MSFT Microsoft Corp. Reduce -1.6% 10.89% −0.29
PG The Procter & Gamble Co. Reduce -2.2% 2.48% −0.28
MCHP Microchip Technology Inc. Reduce -1.7% 1.63% −0.28
ABT Abbott Laboratories Reduce -1.2% 2.85% −0.23
ECL Ecolab Inc. Reduce -2.0% 2.82% −0.16
ADBE Adobe Inc. Reduce -3.3% 0.71% −0.14
OTIS Otis Worldwide Corp. Reduce -5.5% 0.63% −0.13
DIS The Walt Disney Co. Reduce -2.3% 0.70% −0.12
LIN Linde PLC Reduce -0.9% 2.07% −0.10
XOM Exxon Mobil Corp. Reduce -39.5% 0.15% −0.10
SPY SS SPDR S&P 500 ETF Trust-US Reduce -56.8% 0.08% −0.10
DE Deere & Co. Sold out 0.00% −0.06
ITW Illinois Tool Works Reduce -2.3% 2.82% −0.06
VZ Verizon Communications Inc. Reduce -0.8% 0.66% −0.03
MRK Merck & Co. Inc. Reduce -10.0% 0.24% −0.02
PAYX Paychex Inc. Reduce -1.0% 0.10% −0.02
ROK Rockwell Automation Inc. Reduce -0.8% 3.16% −0.02
HON Honeywell International Inc. Reduce -3.8% 0.10% −0.02
VTI VG Morningstar TS MKT ETF-US Reduce -15.6% 0.13% −0.02
MA Mastercard Inc. Class A Reduce -3.2% 0.24% −0.02
BDX Becton Dickinson and Co. Reduce -4.7% 0.70% −0.01
KMB Kimberly-Clark Corp. Reduce -5.0% 0.07% −0.01
ETN Eaton Corporation Reduce -2.1% 0.39% −0.01
PEP Pepsico Inc. Reduce -1.5% 2.11% −0.01
Yum! Brands, Inc. Reduce -2.2% 0.10% −0.00
WMT Walmart Inc. Reduce -2.5% 0.17% −0.00
PFE Pfizer Inc. Reduce -1.6% 0.13% −0.00
American Express Co. Reduce -0.6% 0.08% −0.00
CVX Chevron Corp. Reduce -0.8% 0.42% +0.01
ORCL Oracle Corp. Reduce -3.1% 0.16% +0.03
NEE Nextera Energy Inc. Reduce -1.8% 2.84% +0.05
ENB Enbridge Inc. Reduce -1.1% 2.01% +0.09
GOOGL Alphabet Inc. Class A Reduce -0.4% 0.43% +0.10
RTX RTX Corp. Reduce -1.4% 3.69% +0.26
AAPL Apple Inc. Reduce -0.2% 1.90% +0.29
NSC Norfolk Southern Corp. Reduce -2.1% 3.58% +0.30
JNJ Johnson & Johnson Reduce -1.7% 2.58% +0.31
TMO Thermo Fisher Scientific Inc. Reduce -3.8% 4.05% +0.35
ABBV Abbvie Inc. Reduce -1.7% 2.54% +0.36
LHX L3HARRIS Technologies Inc. Reduce -3.3% 4.09% +0.44
GOOG Alphabet Inc. Class C Reduce -1.7% 6.95% +1.54

Portfolio Buys Q2 2025 → Q3 2025
RSG Republic Services Inc. Add +626.7% 1.12% +0.94
AVGO Broadcom Inc. Add +0.5% 2.18% +0.27
VGT Vanguard Info Tech ETF New 0.12% +0.12
JPM JPMorgan Chase & Co. Add +2.8% 0.78% +0.05
HD Home Depot Inc. Add +4.6% 0.28% +0.03
MCD McDonald's Corp. Add +6.0% 0.19% +0.01
AMGN Amgen Inc. Add +4.0% 0.29% 0.00
META Meta Platforms Inc. Class A Add +4.2% 0.07% −0.00
AMZN Amazon.com Inc. Add +2.2% 0.58% −0.02
CSCO Cisco Systems Inc. Add +1.2% 2.95% −0.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 86$376.9MGOOG, MSFT, Berkshire Hathaway - B, CSCO, ROK
Q1 2026 81$342.9MGOOG, MSFT, Berkshire Hathaway - B, LHX, RTX
Q4 2025 83$358.1MMSFT, GOOG, Berkshire Hathaway - B, TMO, RTX
Q3 2025 83$358.1MMSFT, GOOG, Berkshire Hathaway - B, LHX, TMO
Q2 2025 83$340.7MMSFT, Berkshire Hathaway - B, GOOG, TMO, LHX
Q1 2025 80$328.8MMSFT, Berkshire Hathaway - B, GOOG, TMO, CHD
Q4 2024 81$333.3MMSFT, Berkshire Hathaway - B, GOOG, TMO, LHX
Q3 2024 80$341.3MMSFT, Berkshire Hathaway - B, TMO, GOOG, LHX
Q2 2024 80$326.2MMSFT, GOOG, Berkshire Hathaway - B, TMO, LHX
Q1 2024 82$329.3MMSFT, Berkshire Hathaway - B, TMO, GOOG, NSC