Marshall & Sullivan Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Marshall & Sullivan Inc. reported 42 stock positions worth $197.0 million. Its top holding was iShares Russell 2000 ETF (IWM) at 11.5% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Fiserv (FISV, 4.2%). Compared with Q4 2024, it opened 2 new positions, sold out of 1, added to 4 and reduced 29. The biggest buy was a new position in Vanguard Most SM-Cap ETF-Usd (VB) and the biggest sale iShares Russell 2000 ETF (IWM, shares −2%).
- Most Recent 13F
- Q3 2025
- Location
- SEATTLE, WA
- CIK
- 0000820123
- Portfolio Value
- $197.0M (Q1 2025)
- SEC Filing
- 0001420506-25-000751 ↗ filed Apr 10, 2025
Holdings Value
Holdings 42 stocks · $197.0M
| IWM iShares Russell 2000 ETF | 11.49% | 113,524 | $22.6M | Reduce -2.0% |
| MSFT Microsoft Corp. | 6.88% | 36,086 | $13.5M | Reduce -1.4% |
| FISV Fiserv Inc. | 4.21% | 37,552 | $8.3M | Reduce -6.1% |
| MA Mastercard Inc. Class A | 3.82% | 13,740 | $7.5M | Reduce -2.7% |
| LIN Linde PLC | 3.71% | 15,683 | $7.3M | Reduce -1.4% |
| VWO Vanguard Ftse Emerging Marke | 3.63% | 158,242 | $7.2M | Reduce -0.4% |
| SYK Stryker Corp. | 3.58% | 18,972 | $7.1M | Reduce -3.0% |
| LLY Eli Lilly & Co. | 3.41% | 8,131 | $6.7M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 3.36% | 42,763 | $6.6M | Reduce -4.0% |
| AAPL Apple Inc. | 3.29% | 29,163 | $6.5M | Add +3.7% |
| HD Home Depot Inc. | 3.20% | 17,212 | $6.3M | Reduce -1.4% |
| BKNG Booking Holdings Inc. | 3.19% | 1,363 | $6.3M | Reduce -5.8% |
| UNH Unitedhealth Group Inc. | 3.17% | 11,915 | $6.2M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 3.01% | 31,181 | $5.9M | Reduce -3.2% |
| SCHW Schwab (charles) Corp. | 2.98% | 74,986 | $5.9M | Reduce -1.9% |
| RTX RTX Corp. | 2.60% | 38,740 | $5.1M | Reduce -1.1% |
| CCK Crown Holdings Inc. | 2.59% | 57,142 | $5.1M | Reduce -0.2% |
| MNST Monster Beverage Corp. | 2.58% | 86,794 | $5.1M | Reduce -0.6% |
| JNJ Johnson & Johnson | 2.53% | 30,085 | $5.0M | Reduce -0.2% |
| DHR Danaher Corp. | 2.41% | 23,134 | $4.7M | Reduce -0.4% |
| LRCX Lam Research Corp. | 2.38% | 64,622 | $4.7M | Reduce -2.3% |
| PEP Pepsico Inc. | 2.37% | 31,088 | $4.7M | Add +0.7% |
| META Meta Platforms Inc. Class A | 2.33% | 7,978 | $4.6M | Reduce -8.5% |
| EEM iShares MSCI Emerging Market | 2.28% | 102,877 | $4.5M | Add +0.4% |
| ADBE Adobe Inc. | 2.24% | 11,495 | $4.4M | Reduce -0.1% |
| FTV Fortive Corp. | 2.22% | 59,905 | $4.4M | Reduce -1.1% |
| BDX Becton Dickinson and Co. | 2.21% | 18,999 | $4.4M | Reduce -0.4% |
| TMO Thermo Fisher Scientific Inc. | 2.18% | 8,649 | $4.3M | Reduce -1.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.30% | 4,576 | $2.6M | Reduce -0.1% |
| PYPL PayPal Holdings Inc. | 1.07% | 32,191 | $2.1M | Reduce -0.5% |
| GBCI Glacier Bancorp Inc. | 0.60% | 26,542 | $1.2M | No change |
| COST Costco Wholesale Corp. | 0.58% | 1,210 | $1.1M | Reduce -10.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.55% | 4,911 | $1.1M | New |
| SBUX Starbucks Corp. | 0.49% | 9,796 | $961K | Reduce -3.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.41% | 1 | $798K | New |
| NKE Nike Inc. Class B | 0.37% | 11,494 | $730K | No change |
| GLD SPDR Gold Shares | 0.15% | 1,000 | $288K | No change |
| NEE Nextera Energy Inc. | 0.14% | 3,807 | $270K | No change |
| GBTC Grayscale Bitcoin Trust ETF | 0.13% | 4,040 | $263K | No change |
| GOOG Alphabet Inc. Class C | 0.13% | 1,684 | $263K | Reduce -10.4% |
| ROK Rockwell Automation Inc. | 0.12% | 950 | $245K | No change |
| MRK Merck & Co. Inc. | 0.11% | 2,450 | $220K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | Reduce -2.0% | 11.49% | −1.02 |
| GOOGL Alphabet Inc. Class A | Reduce -4.0% | 3.36% | −0.76 |
| MSFT Microsoft Corp. | Reduce -1.4% | 6.88% | −0.66 |
| AMZN Amazon.com Inc. | Reduce -3.2% | 3.01% | −0.44 |
| BKNG Booking Holdings Inc. | Reduce -5.8% | 3.19% | −0.33 |
| PYPL PayPal Holdings Inc. | Reduce -0.5% | 1.07% | −0.28 |
| ADBE Adobe Inc. | Reduce -0.1% | 2.24% | −0.26 |
| DHR Danaher Corp. | Reduce -0.4% | 2.41% | −0.20 |
| META Meta Platforms Inc. Class A | Reduce -8.5% | 2.33% | −0.16 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.15 |
| HD Home Depot Inc. | Reduce -1.4% | 3.20% | −0.12 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.5% | 2.18% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -10.4% | 0.13% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -10.1% | 0.58% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 1.30% | −0.01 |
| FTV Fortive Corp. | Reduce -1.1% | 2.22% | +0.01 |
| SBUX Starbucks Corp. | Reduce -3.9% | 0.49% | +0.03 |
| LRCX Lam Research Corp. | Reduce -2.3% | 2.38% | +0.05 |
| BDX Becton Dickinson and Co. | Reduce -0.4% | 2.21% | +0.09 |
| SYK Stryker Corp. | Reduce -3.0% | 3.58% | +0.14 |
| MA Mastercard Inc. Class A | Reduce -2.7% | 3.82% | +0.19 |
| FISV Fiserv Inc. | Reduce -6.1% | 4.21% | +0.20 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 3.17% | +0.20 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.4% | 3.63% | +0.22 |
| SCHW Schwab (charles) Corp. | Reduce -1.9% | 2.98% | +0.22 |
| CCK Crown Holdings Inc. | Reduce -0.2% | 2.59% | +0.27 |
| MNST Monster Beverage Corp. | Reduce -0.6% | 2.58% | +0.33 |
| RTX RTX Corp. | Reduce -1.1% | 2.60% | +0.39 |
| JNJ Johnson & Johnson | Reduce -0.2% | 2.53% | +0.40 |
| LIN Linde PLC | Reduce -1.4% | 3.71% | +0.45 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 43 | $215.7M | IWM, MSFT, GOOGL, VWO, LRCX |
| Q2 2025 | 118 | $208.1M | IWM, MSFT, VWO, BKNG, MA |
| Q1 2025 | 42 | $197.0M | IWM, MSFT, FISV, MA, LIN |
| Q4 2024 | 41 | $204.6M | IWM, MSFT, GOOGL, FISV, MA |
| Q3 2024 | 40 | $208.2M | IWM, MSFT, LIN, VWO, FISV |
| Q2 2024 | 41 | $200.2M | IWM, MSFT, GOOGL, LRCX, LLY |
| Q1 2024 | 41 | $202.1M | IWM, MSFT, LIN, GOOGL, SYK |