Managed Asset Portfolios, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Managed Asset Portfolios, LLC reported 51 stock positions worth $807.7 million. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Sprott Physical Gold and Sil (CEF, 5.2%) and National Fuel Gas (NFG, 4.4%). Compared with Q2 2025, it opened 5 new positions, sold out of 2, added to 27 and reduced 17. The biggest buy was Applied Materials (AMAT, shares +59%) and the biggest sale an exit from Six Flags Entertainment (FUN).
- Most Recent 13F
- Q2 2026
- Location
- ROCHESTER, MI
- CIK
- 0001600999
- Portfolio Value
- $807.7M (Q3 2025)
- SEC Filing
- 0001600999-25-000008 ↗ filed Nov 12, 2025
Holdings Value
Holdings 51 stocks · $807.7M
| MSFT Microsoft Corp. | 5.75% | 89,695 | $46.5M | Reduce -0.7% |
| CEF Sprott Physical Gold and Sil | 5.18% | 1,139,873 | $41.8M | Reduce -1.1% |
| NFG National Fuel Gas Co. | 4.36% | 381,076 | $35.2M | Add +0.0% |
| META Meta Platforms Inc. Class A | 4.34% | 47,784 | $35.1M | Reduce -0.4% |
| CSCO Cisco Systems Inc. | 4.23% | 498,938 | $34.1M | Reduce -0.6% |
| SNY Sanofi-ADR | 3.97% | 679,828 | $32.1M | Add +11.6% |
| JNJ Johnson & Johnson | 3.94% | 171,802 | $31.9M | Add +0.6% |
| MDT Medtronic PLC | 3.64% | 309,009 | $29.4M | Add +1.2% |
| TTEK Tetra Tech Inc. | 3.59% | 869,633 | $29.0M | Add +1.6% |
| AMAT Applied Materials Inc. | 3.51% | 138,391 | $28.3M | Add +58.6% |
| WMT Walmart Inc. | 3.33% | 261,126 | $26.9M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 3.26% | 108,266 | $26.4M | Add +1.4% |
| ORANY Orange-Spon ADR | 3.19% | 1,589,516 | $25.8M | Reduce -1.1% |
| NVS Novartis AG-Sponsored ADR | 3.15% | 198,702 | $25.5M | Add +0.8% |
| MOS The Mosaic Co. | 2.99% | 695,511 | $24.1M | Add +6.3% |
| ECG Everus Construction Group | 2.86% | 269,679 | $23.1M | Reduce -0.2% |
| TAK Takeda Pharmaceutic-SP ADR | 2.69% | 1,486,408 | $21.8M | Reduce -0.2% |
| CVX Chevron Corp. | 2.63% | 136,752 | $21.2M | Add +1.8% |
| BG Bunge Global SA | 2.61% | 259,712 | $21.1M | Reduce -12.2% |
| HON Honeywell International Inc. | 2.55% | 97,966 | $20.6M | Add +2.2% |
| AON Aon PLC Class A | 2.42% | 54,878 | $19.6M | Add +1.1% |
| MDU Mdu Resources Group Inc. | 2.38% | 1,077,132 | $19.2M | Add +2.5% |
| PSMT Pricesmart Inc. | 2.26% | 150,622 | $18.3M | Add +0.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.26% | 198,764 | $18.2M | Reduce -15.3% |
| V Visa Inc. Class A | 2.18% | 51,687 | $17.6M | Add +12.8% |
| UL Unilever PLC | 1.96% | 266,439 | $15.8M | Add +0.3% |
| MU Micron Technology Inc. | 1.68% | 81,254 | $13.6M | Reduce -35.1% |
| FCX Freeport-McMoran Inc. | 1.62% | 334,625 | $13.1M | Add +0.9% |
| HD Home Depot Inc. | 1.58% | 31,430 | $12.7M | Reduce -3.0% |
| ETN Eaton Corp. PLC | 1.46% | 31,491 | $11.8M | Add +1.4% |
| CME Cme Group Inc. | 1.39% | 41,507 | $11.2M | Add +3.2% |
| FBIN Fortune Brands Innovations I | 1.24% | 186,843 | $10.0M | Add +0.3% |
| ARCO Arcos Dorados Holdings Inc. Class A | 1.20% | 1,437,049 | $9.7M | Reduce -1.4% |
| GLDM SPDR Gold Minishares Trust | 1.01% | 107,016 | $8.2M | Reduce -1.2% |
| FIS Fidelity National Info Serv | 0.92% | 112,523 | $7.4M | Add +6.1% |
| COP Conocophillips | 0.82% | 69,861 | $6.6M | Add +3.5% |
| KTOS Kratos Defense & Security | 0.59% | 52,500 | $4.8M | Reduce -70.6% |
| PM Philip Morris International | 0.27% | 13,250 | $2.1M | Add +1.6% |
| ZTS Zoetis Inc. | 0.15% | 8,400 | $1.2M | New |
| CPB The Campbell's Company | 0.12% | 29,796 | $941K | New |
| UBER Uber Technologies Inc. | 0.10% | 8,344 | $817K | New |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.10% | 28,605 | $785K | Add +33.6% |
| XCEM Columbia Em Core Ex-China | 0.09% | 20,340 | $739K | Add +5.4% |
| LEN Lennar Corp. Class A | 0.09% | 5,523 | $696K | New |
| ACWI iShares MSCI Acwi ETF | 0.08% | 4,842 | $669K | New |
| XLP SS Consumer Staples Sel Sect | 0.07% | 7,014 | $550K | Reduce -5.4% |
| XLI SS Industrial Select Sector | 0.05% | 2,409 | $372K | No change |
| XLK SS Technology Select Sector | 0.03% | 994 | $280K | Reduce -31.6% |
| AAPL Apple Inc. | 0.03% | 1,010 | $257K | Add +2.9% |
| XLV SS Health Care Select Sector | 0.03% | 1,682 | $234K | No change |
| XLC SS Comm Select Sector SPDR | 0.03% | 1,897 | $225K | Reduce -56.6% |
Portfolio Sells Q2 2025 → Q3 2025
| FUN Six Flags Entertainment Corp. | Sold out | 0.00% | −1.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -15.3% | 2.26% | −0.54 |
| KTOS Kratos Defense & Security | Reduce -70.6% | 0.59% | −0.48 |
| BG Bunge Global SA | Reduce -12.2% | 2.61% | −0.47 |
| MU Micron Technology Inc. | Reduce -35.1% | 1.68% | −0.32 |
| CSCO Cisco Systems Inc. | Reduce -0.6% | 4.23% | −0.30 |
| TAK Takeda Pharmaceutic-SP ADR | Reduce -0.2% | 2.69% | −0.30 |
| ARCO Arcos Dorados Holdings Inc. Class A | Reduce -1.4% | 1.20% | −0.29 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 4.34% | −0.26 |
| EZU iShares MSCI Eurozone ETF | Sold out | 0.00% | −0.20 |
| MSFT Microsoft Corp. | Reduce -0.7% | 5.75% | −0.09 |
| XLC SS Comm Select Sector SPDR | Reduce -56.6% | 0.03% | −0.03 |
| XLK SS Technology Select Sector | Reduce -31.6% | 0.03% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -5.4% | 0.07% | −0.01 |
| ORANY Orange-Spon ADR | Reduce -1.1% | 3.19% | +0.02 |
| HD Home Depot Inc. | Reduce -3.0% | 1.58% | +0.03 |
| GLDM SPDR Gold Minishares Trust | Reduce -1.2% | 1.01% | +0.09 |
| ECG Everus Construction Group | Reduce -0.2% | 2.86% | +0.63 |
| CEF Sprott Physical Gold and Sil | Reduce -1.1% | 5.18% | +0.67 |
Portfolio Buys Q2 2025 → Q3 2025
| AMAT Applied Materials Inc. | Add +58.6% | 3.51% | +1.43 |
| GOOG Alphabet Inc. Class C | Add +1.4% | 3.26% | +0.80 |
| JNJ Johnson & Johnson | Add +0.6% | 3.94% | +0.55 |
| PSMT Pricesmart Inc. | Add +0.7% | 2.26% | +0.22 |
| MDT Medtronic PLC | Add +1.2% | 3.64% | +0.18 |
| NFG National Fuel Gas Co. | Add +0.0% | 4.36% | +0.16 |
| ZTS Zoetis Inc. | New | 0.15% | +0.15 |
| SNY Sanofi-ADR | Add +11.6% | 3.97% | +0.15 |
| CVX Chevron Corp. | Add +1.8% | 2.63% | +0.13 |
| CPB The Campbell's Company | New | 0.12% | +0.12 |
| UBER Uber Technologies Inc. | New | 0.10% | +0.10 |
| MDU Mdu Resources Group Inc. | Add +2.5% | 2.38% | +0.10 |
| LEN Lennar Corp. Class A | New | 0.09% | +0.09 |
| ACWI iShares MSCI Acwi ETF | New | 0.08% | +0.08 |
| WMT Walmart Inc. | Add +1.9% | 3.33% | +0.08 |
| V Visa Inc. Class A | Add +12.8% | 2.18% | +0.07 |
| NVS Novartis AG-Sponsored ADR | Add +0.8% | 3.15% | +0.06 |
| ONT Onterris Inc. | Add +33.6% | 0.10% | +0.04 |
| COP Conocophillips | Add +3.5% | 0.82% | +0.03 |
| ETN Eaton Corp. PLC | Add +1.4% | 1.46% | +0.02 |
| XCEM Columbia Em Core Ex-China | Add +5.4% | 0.09% | +0.01 |
| AAPL Apple Inc. | Add +2.9% | 0.03% | +0.01 |
| FBIN Fortune Brands Innovations I | Add +0.3% | 1.24% | −0.01 |
| PM Philip Morris International | Add +1.6% | 0.27% | −0.04 |
| CME Cme Group Inc. | Add +3.2% | 1.39% | −0.05 |
| AON Aon PLC Class A | Add +1.1% | 2.42% | −0.09 |
| MOS The Mosaic Co. | Add +6.3% | 2.99% | −0.12 |
| UL Unilever PLC | Add +0.3% | 1.96% | −0.16 |
| FIS Fidelity National Info Serv | Add +6.1% | 0.92% | −0.20 |
| FCX Freeport-McMoran Inc. | Add +0.9% | 1.62% | −0.24 |
| HON Honeywell International Inc. | Add +2.2% | 2.55% | −0.35 |
| TTEK Tetra Tech Inc. | Add +1.6% | 3.59% | −0.40 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 51 | $874.9M | AMAT, CVX, CEF, TTEK, GOOG |
| Q1 2026 | 51 | $834.4M | CVX, CEF, AMAT, NFG, TAK |
| Q4 2025 | 62 | $828.1M | CEF, MSFT, CSCO, GOOG, SNY |
| Q3 2025 | 51 | $807.7M | MSFT, CEF, NFG, META, CSCO |
| Q2 2025 | 48 | $769.7M | MSFT, META, CSCO, CEF, NFG |
| Q1 2025 | 50 | $721.8M | MSFT, SNY, CEF, CSCO, NFG |
| Q4 2024 | 52 | $674.6M | MSFT, CSCO, SNY, META, CEF |
| Q3 2024 | 48 | $707.9M | MSFT, SNY, MDU, TTEK, CSCO |
| Q2 2024 | 43 | $674.5M | MSFT, TTEK, BG, SNY, MDU |
| Q1 2024 | 40 | $687.0M | MSFT, BG, TTEK, SNY, CSCO |