M. Kraus & Co

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), M. Kraus & Co reported 83 stock positions worth $358.1 million. Its top holding was Microsoft (MSFT) at 10.1% of the portfolio, followed by Alphabet Class C (GOOG, 8.9%) and Berkshire Hathaway - B (6.1%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 7 and reduced 38. The biggest buy was Intl Business Machines (IBM, shares +41%) and the biggest sale Fiserv (FISV, shares −41%).

Most Recent 13F
Q2 2026
Location
SHELBURNE, VT
CIK
0001593688
Portfolio Value
$358.1M (Q4 2025)
SEC Filing
0001593688-26-000001 ↗ filed Jan 21, 2026

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 Q3 2025 Q4 2025: $358.1M $358.1M Q4 2025 Q1 2026: $342.9M Q1 2026 Q2 2026: $376.9M Q2 2026

Holdings 83 stocks · $358.1M
MSFT Microsoft Corp. 10.12% 74,952 $36.2M Reduce -0.4%
GOOG Alphabet Inc. Class C 8.91% 101,651 $31.9M Reduce -0.6%
Berkshire Hathaway - B 6.15% 43,791 $22.0M Reduce -1.6%
TMO Thermo Fisher Scientific Inc. 4.80% 29,680 $17.2M Reduce -0.7%
RTX RTX Corp. 4.00% 78,188 $14.3M Reduce -1.0%
LHX L3HARRIS Technologies Inc. 3.90% 47,593 $14.0M Reduce -0.9%
ROK Rockwell Automation Inc. 3.49% 32,152 $12.5M Reduce -0.6%
NSC Norfolk Southern Corp. 3.41% 42,339 $12.2M Reduce -0.8%
CSCO Cisco Systems Inc. 3.29% 153,139 $11.8M Reduce -0.7%
NEE Nextera Energy Inc. 2.99% 133,445 $10.7M Reduce -1.0%
JNJ Johnson & Johnson 2.86% 49,457 $10.2M Reduce -0.6%
ECL Ecolab Inc. 2.71% 36,931 $9.7M Add +0.1%
ABT Abbott Laboratories 2.65% 75,760 $9.5M Reduce -0.6%
ITW Illinois Tool Works 2.62% 38,075 $9.4M Reduce -1.7%
ABBV Abbvie Inc. 2.50% 39,248 $9.0M No change
CHD Church & Dwight Co. Inc. 2.34% 100,150 $8.4M Reduce -1.0%
PG The Procter & Gamble Co. 2.28% 57,001 $8.2M Reduce -1.4%
AVGO Broadcom Inc. 2.28% 23,577 $8.2M Reduce -0.4%
PEP Pepsico Inc. 2.12% 52,850 $7.6M Reduce -1.6%
CARR Carrier Global Corp. 2.08% 141,263 $7.5M Reduce -1.3%
AAPL Apple Inc. 2.03% 26,704 $7.3M No change
ENB Enbridge Inc. 1.91% 142,848 $6.8M Add +0.1%
LIN Linde PLC 1.84% 15,432 $6.6M Reduce -1.2%
MDLZ Mondelez International Inc. Class A 1.71% 113,584 $6.1M Reduce -3.0%
MCHP Microchip Technology Inc. 1.59% 89,460 $5.7M Reduce -1.5%
RSG Republic Services Inc. 0.95% 16,090 $3.4M Reduce -7.8%
ACN Accenture PLC Class A 0.94% 12,574 $3.4M Reduce -17.3%
JPM JPMorgan Chase & Co. 0.79% 8,752 $2.8M Reduce -0.7%
VZ Verizon Communications Inc. 0.73% 64,630 $2.6M Add +21.1%
BDX Becton Dickinson and Co. 0.68% 12,468 $2.4M Reduce -6.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.66% 7,948 $2.4M Add +41.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.65% 20,461 $2.3M Reduce -7.0%
AMZN Amazon.com Inc. 0.61% 9,413 $2.2M No change
OTIS Otis Worldwide Corp. 0.59% 24,316 $2.1M Reduce -1.2%
ADBE Adobe Inc. 0.59% 6,061 $2.1M Reduce -16.2%
GOOGL Alphabet Inc. Class A 0.56% 6,361 $2.0M No change
FISV Fiserv Inc. 0.51% 27,326 $1.8M Reduce -40.8%
COP Conocophillips 0.51% 19,536 $1.8M No change
CVX Chevron Corp. 0.41% 9,689 $1.5M No change
NVDA Nvidia Corp. 0.34% 6,515 $1.2M Reduce -3.0%
ETN Eaton Corporation 0.33% 3,719 $1.2M Add +0.1%
GLD SPDR Gold Shares 0.32% 2,865 $1.1M No change
MRK Merck & Co. Inc. 0.31% 10,408 $1.1M Add +0.2%
LLY Eli Lilly & Co. 0.28% 926 $995K Reduce -3.5%
MA Mastercard Inc. Class A 0.24% 1,531 $874K No change
HD Home Depot Inc. 0.24% 2,459 $846K No change
MDY State Street SPDR S&P Midcap 0.23% 1,375 $830K No change
AMGN Amgen Inc. 0.22% 2,436 $797K Reduce -33.1%
IWM iShares Russell 2000 ETF 0.20% 2,925 $720K No change
COST Costco Wholesale Corp. 0.20% 820 $707K No change
MCD McDonald's Corp. 0.19% 2,222 $679K No change
WMT Walmart Inc. 0.18% 5,929 $661K No change
QDF NT Qual Div ETF 0.18% 8,000 $646K No change
V Visa Inc. Class A 0.16% 1,668 $585K No change
XOM Exxon Mobil Corp. 0.16% 4,789 $576K No change
VTI VG Morningstar TS MKT ETF-US 0.14% 1,455 $488K No change
KO The Coca-Cola Co. 0.13% 6,888 $482K No change
VGT Vanguard Info Tech ETF 0.13% 3,409 $468K No change
PFE Pfizer Inc. 0.12% 17,839 $444K Reduce -3.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 2,866 $440K No change
UNP Union Pacific Corp. 0.11% 1,744 $403K Reduce -0.2%
ORCL Oracle Corp. 0.11% 1,959 $382K Reduce -3.7%
IVW iShares S&P 500 Growth ETF 0.10% 3,000 $370K No change
DOV Dover Corp. 0.10% 1,750 $342K No change
HON Honeywell International Inc. 0.09% 1,739 $339K Reduce -0.3%
Yum! Brands, Inc. 0.09% 2,242 $339K No change
PAYX Paychex Inc. 0.09% 2,824 $317K Reduce -3.8%
MMM 3M Co. 0.09% 1,965 $315K No change
American Express Co. 0.09% 836 $309K No change
GD General Dynamics Corp. 0.09% 906 $305K No change
PM Philip Morris International 0.08% 1,895 $304K No change
DCI Donaldson Co. Inc. 0.08% 3,304 $293K Reduce -4.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.08% 426 $290K No change
VOO Vanguard S&P 500 ETF 0.08% 450 $282K No change
DUK Duke Energy Corp. 0.08% 2,312 $271K Add +3.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.07% 532 $260K No change
NFLX Netflix Inc. 0.07% 2,610 $245K No change
WFC Wells Fargo & Co. 0.07% 2,539 $237K No change
Exact Sciences Corp 0.06% 2,160 $219K New
META Meta Platforms Inc. Class A 0.06% 325 $215K No change
MO Altria Group Inc. 0.06% 3,600 $208K No change
Bank of America Corp. 0.06% 3,752 $206K New
GoLogiq Inc - Restricted Share 0.00% 17,000 $0 No change

Portfolio Sells Q3 2025 → Q4 2025
FISV Fiserv Inc. Reduce -40.8% 0.51% −1.15
MSFT Microsoft Corp. Reduce -0.4% 10.12% −0.76
MDLZ Mondelez International Inc. Class A Reduce -3.0% 1.71% −0.33
CARR Carrier Global Corp. Reduce -1.3% 2.08% −0.30
LIN Linde PLC Reduce -1.2% 1.84% −0.23
ABT Abbott Laboratories Reduce -0.6% 2.65% −0.20
ITW Illinois Tool Works Reduce -1.7% 2.62% −0.20
PG The Procter & Gamble Co. Reduce -1.4% 2.28% −0.20
LHX L3HARRIS Technologies Inc. Reduce -0.9% 3.90% −0.19
NSC Norfolk Southern Corp. Reduce -0.8% 3.41% −0.17
RSG Republic Services Inc. Reduce -7.8% 0.95% −0.17
CHD Church & Dwight Co. Inc. Reduce -1.0% 2.34% −0.13
ADBE Adobe Inc. Reduce -16.2% 0.59% −0.12
ACN Accenture PLC Class A Reduce -17.3% 0.94% −0.10
Berkshire Hathaway - B Reduce -1.6% 6.15% −0.10
KMB Kimberly-Clark Corp. Sold out 0.00% −0.07
AMGN Amgen Inc. Reduce -33.1% 0.22% −0.06
SYK Stryker Corp. Sold out 0.00% −0.06
DIS The Walt Disney Co. Reduce -7.0% 0.65% −0.05
ORCL Oracle Corp. Reduce -3.7% 0.11% −0.05
MCHP Microchip Technology Inc. Reduce -1.5% 1.59% −0.04
OTIS Otis Worldwide Corp. Reduce -1.2% 0.59% −0.04
BDX Becton Dickinson and Co. Reduce -6.8% 0.68% −0.02
PAYX Paychex Inc. Reduce -3.8% 0.09% −0.02
NVDA Nvidia Corp. Reduce -3.0% 0.34% −0.01
HON Honeywell International Inc. Reduce -0.3% 0.09% −0.01
PFE Pfizer Inc. Reduce -3.5% 0.12% −0.01
UNP Union Pacific Corp. Reduce -0.2% 0.11% −0.00
DCI Donaldson Co. Inc. Reduce -4.0% 0.08% +0.00
PEP Pepsico Inc. Reduce -1.6% 2.12% +0.01
JPM JPMorgan Chase & Co. Reduce -0.7% 0.79% +0.01
LLY Eli Lilly & Co. Reduce -3.5% 0.28% +0.07
AVGO Broadcom Inc. Reduce -0.4% 2.28% +0.10
NEE Nextera Energy Inc. Reduce -1.0% 2.99% +0.15
JNJ Johnson & Johnson Reduce -0.6% 2.86% +0.28
RTX RTX Corp. Reduce -1.0% 4.00% +0.31
ROK Rockwell Automation Inc. Reduce -0.6% 3.49% +0.34
CSCO Cisco Systems Inc. Reduce -0.7% 3.29% +0.35
TMO Thermo Fisher Scientific Inc. Reduce -0.7% 4.80% +0.75
GOOG Alphabet Inc. Class C Reduce -0.6% 8.91% +1.95

Portfolio Buys Q3 2025 → Q4 2025
IBM Intl Business Machines Corp. Add +41.0% 0.66% +0.21
VZ Verizon Communications Inc. Add +21.1% 0.73% +0.08
MRK Merck & Co. Inc. Add +0.2% 0.31% +0.06
Exact Sciences Corp New 0.06% +0.06
Bank of America Corp. New 0.06% +0.06
DUK Duke Energy Corp. Add +3.7% 0.08% −0.00
ETN Eaton Corporation Add +0.1% 0.33% −0.06
ENB Enbridge Inc. Add +0.1% 1.91% −0.10
ECL Ecolab Inc. Add +0.1% 2.71% −0.12

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