Mathes Company, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Mathes Company, Inc. reported 123 stock positions worth $278.9 million. Its top holding was iShares Expanded Tech Sector (IGM) at 5.7% of the portfolio, followed by Alphabet Class A (GOOGL, 5.0%) and Nvidia (NVDA, 4.3%). Compared with Q3 2025, it opened 9 new positions, sold out of 7, added to 24 and reduced 39. The biggest buy was Caterpillar (CAT, shares +0%) and the biggest sale iShares Expanded Tech Sector (IGM, shares −12%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001389223
Portfolio Value
$278.9M (Q4 2025)
SEC Filing
0001999371-26-002845 ↗ filed Feb 9, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $264.4M Q1 2024 Q2 2024: $273.1M Q2 2024 Q3 2024: $280.7M Q3 2024 Q4 2024: $271.9M Q4 2024 Q1 2025: $243.8M Q1 2025 Q2 2025: $267.7M Q2 2025 Q3 2025: $276.2M Q3 2025 Q4 2025: $278.9M $278.9M Q4 2025 Q1 2026: $272.7M Q1 2026 Q2 2026: $320.8M Q2 2026

Holdings 123 stocks · $278.9M
IGM iShares Expanded Tech Sector 5.71% 123,315 $15.9M Reduce -12.2%
GOOGL Alphabet Inc. Class A 5.00% 44,554 $13.9M Reduce -1.2%
NVDA Nvidia Corp. 4.35% 65,012 $12.1M Reduce -0.8%
GEV GE Vernova Inc. 4.08% 17,397 $11.4M Add +0.6%
AAPL Apple Inc. 4.04% 41,492 $11.3M Reduce -11.0%
VUG Vanguard Mrngstar GR ETF-Sui 3.72% 21,275 $10.4M Add +0.3%
VTI VG Morningstar TS MKT ETF-US 3.44% 28,640 $9.6M Add +9.6%
AMZN Amazon.com Inc. 3.35% 40,470 $9.3M Reduce -4.3%
GE General Electric filed as GE AEROSPACE 3.14% 28,421 $8.8M Add +0.7%
CAT Caterpillar Inc. 2.76% 13,414 $7.7M Add +0.1%
IWF iShares Russell 1000 Growth 2.72% 16,000 $7.6M Add +7.0%
JPM JPMorgan Chase & Co. 2.55% 22,071 $7.1M Add +1.0%
PH Parker Hannifin Corp. 2.36% 7,493 $6.6M Add +1.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 2.34% 15,790 $6.5M No change
MSFT Microsoft Corp. 2.27% 13,089 $6.3M Reduce -7.8%
XLK SS Technology Select Sector 2.03% 39,300 $5.7M Reduce -11.9%
AXP American Express Co. 1.95% 14,723 $5.4M Add +2.0%
AVGO Broadcom Inc. 1.93% 15,520 $5.4M Add +1.2%
DE Deere & Co. 1.70% 10,157 $4.7M Add +1.6%
WAB Wabtec Corp. 1.65% 21,535 $4.6M Add +1.0%
MA Mastercard Inc. Class A 1.51% 7,379 $4.2M Reduce -11.8%
IWP iShares Russell Mid-Cap Grow 1.31% 26,603 $3.6M Reduce -7.0%
NWE Northwestern Energy Group Inc. 1.26% 54,655 $3.5M Reduce -1.5%
GEHC GE Healthcare Technology 1.26% 42,933 $3.5M Reduce -9.3%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.24% 10,961 $3.5M No change
OKTA Okta Inc. 1.23% 39,820 $3.4M Reduce -1.4%
CRM Salesforce Inc. 1.19% 12,518 $3.3M Reduce -0.3%
XLY SS Consumer Disc Select Sect 1.14% 26,600 $3.2M Reduce -5.0%
PEP Pepsico Inc. 1.10% 21,406 $3.1M Reduce -0.2%
DHR Danaher Corp. 1.08% 13,122 $3.0M Reduce -6.0%
EVRG Evergy Inc. 1.07% 41,000 $3.0M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.05% 4,280 $2.9M Reduce -10.5%
EMR Emerson Electric Co. 1.03% 21,665 $2.9M Add +2.6%
VLO Valero Energy Corp. 1.03% 17,595 $2.9M No change
STT State Street Corp. 0.98% 21,265 $2.7M No change
KO The Coca-Cola Co. 0.93% 37,083 $2.6M Reduce -2.6%
EOG EOG Resources Inc. 0.81% 21,395 $2.2M No change
IWM iShares Russell 2000 ETF 0.80% 9,030 $2.2M Reduce -0.6%
T AT&T Inc. 0.74% 83,169 $2.1M Reduce -5.9%
QQQ Invesco QQQ Trust Series 1 0.71% 3,210 $2.0M Reduce -23.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.68% 34,700 $1.9M Reduce -1.4%
MKC McCormick & Co.-Non VTG SHRS 0.66% 26,911 $1.8M Add +0.8%
PFF iShares Preferred & Income S 0.56% 50,350 $1.6M Add +11.5%
NUV Nuveen Municipal Value 0.47% 145,000 $1.3M Add +7.4%
BCAT BlackRock Capital Alloc TR 0.44% 86,500 $1.2M Reduce -18.0%
PFE Pfizer Inc. 0.43% 48,623 $1.2M Reduce -1.0%
COST Costco Wholesale Corp. 0.43% 1,399 $1.2M No change
EIM Eaton Vance Municipal Bond 0.42% 121,734 $1.2M No change
IYY iShares Dow Jones U.S. ETF 0.41% 6,900 $1.1M Reduce -22.5%
GOOG Alphabet Inc. Class C 0.39% 3,491 $1.1M No change
SDY SS SPDR S&P Dividend ETF 0.39% 7,740 $1.1M No change
NFLX Netflix Inc. 0.39% 11,480 $1.1M Add +16.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.38% 3,820 $1.1M Reduce -34.4%
IHI iShares U.S. Medical Devices 0.37% 16,570 $1.0M No change
AMGN Amgen Inc. 0.36% 3,105 $1.0M No change
SMH Vaneck Semiconductor ETF 0.33% 2,555 $920K No change
VZ Verizon Communications Inc. 0.32% 21,700 $884K Add +44.2%
ED Consolidated Edison Inc. 0.30% 8,533 $847K No change
BFK BlackRock Municipal Inc. TRST 0.29% 81,500 $817K No change
VYM Vanguard High DVD Yield ETF 0.27% 5,275 $757K Reduce -1.4%
XLP SS Consumer Staples Sel Sect 0.25% 9,050 $703K No change
VXF Vanguard Extended Market ETF 0.25% 3,350 $701K Reduce -43.7%
GILD Gilead Sciences Inc. 0.24% 5,500 $675K No change
MMM 3M Co. 0.24% 4,125 $660K No change
NVG Nuveen Amt-FR Muni CRDT 0.23% 51,500 $652K Reduce -6.4%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.22% 7,550 $626K No change
LLY Eli Lilly & Co. 0.22% 582 $625K No change
WBD Warner Bros Discovery Inc. 0.22% 21,443 $618K Reduce -42.8%
JPS Nuveen Preferred & Income SE 0.21% 73,896 $599K Reduce -9.6%
RSP Invesco S&P 500 Equal Weight 0.21% 3,100 $594K No change
GLD SPDR Gold Shares 0.21% 1,495 $592K Add +4.2%
PG The Procter & Gamble Co. 0.21% 4,000 $573K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.21% 13,400 $572K Add +59.5%
XOM Exxon Mobil Corp. 0.20% 4,675 $563K Reduce -5.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.20% 4,805 $547K No change
RTX RTX Corp. 0.19% 2,953 $542K Reduce -7.9%
SLB SLB Ltd. filed as SLB LIMITED 0.19% 14,100 $541K Reduce -1.4%
XLE SS Energy Select Sector 0.19% 12,000 $537K No change
XLF SS Financial Select Sector 0.19% 9,800 $537K No change
MRK Merck & Co. Inc. 0.19% 4,925 $518K No change
VEU Vanguard Ftse All-World Ex-U 0.18% 6,950 $511K No change
SO The Southern Co. 0.17% 5,450 $475K No change
SLY SPDR S&P 600 Small Cap ETF 0.17% 9,998 $468K No change
ALNY Alnylam Pharmaceuticals Inc. 0.16% 1,155 $459K No change
IGV iShares Expanded Tech-Softwa 0.16% 4,325 $457K Add +4.8%
BSTZ BlackRock Sci & Tech TRM TR 0.16% 19,700 $445K Reduce -2.5%
COF Capital One Financial Corp. 0.16% 1,800 $436K No change
RFMZ Rivernorth Flex Muni II 0.15% 34,000 $430K No change
XBI SS SPDR S&P Biotech ETF 0.15% 3,470 $423K No change
NOW ServiceNow Inc. 0.15% 2,700 $414K Add +44.0%
JNJ Johnson & Johnson 0.15% 1,983 $410K No change
AEP American Electric Power 0.14% 3,500 $404K No change
BX Blackstone Inc. 0.14% 2,510 $387K No change
DFP Flaherty & Crumrine DYN Pref 0.13% 18,000 $374K Add +16.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.13% 1,270 $369K No change
IWS iShares Russell Mid-Cap Valu 0.13% 2,500 $353K Reduce -37.4%
FPF First TR Interm Dur & Inc. 0.12% 18,250 $340K Add +4.3%
PAXS PIMCO Access Income Fund 0.12% 22,000 $337K No change
PDI PIMCO Dynamic Income Fund 0.12% 18,474 $327K No change
ABT Abbott Laboratories 0.11% 2,493 $312K No change
EQT Eqt Corp. 0.11% 5,742 $308K Reduce -12.2%
ETR Entergy Corp. 0.11% 3,300 $305K No change
SPSB SS SPDR P St C Corp. ETF 0.11% 10,000 $302K No change
GLW Corning Inc. 0.10% 3,300 $289K Reduce -15.4%
SYY Sysco Corp. 0.10% 3,900 $287K No change
IVW iShares S&P 500 Growth ETF 0.10% 2,300 $283K No change
FDN First Trust DJ Internet Ind 0.10% 1,000 $269K No change
ILCG iShares Morningstar Growth E 0.09% 2,500 $260K No change
IBIT iShares Bitcoin Trust ETF 0.09% 5,000 $248K New
C Citigroup Inc. 0.09% 2,100 $245K No change
BA The Boeing Co. 0.09% 1,096 $238K New
JCPB JPMorgan Core Plus Bond ETF 0.09% 5,000 $237K No change
NRK Nuveen NY Amt-FR Muni Inc. 0.08% 23,000 $232K No change
LRCX Lam Research Corp. 0.08% 1,340 $229K New
ABBV Abbvie Inc. 0.08% 1,000 $228K No change
HBAN Huntington Bancshares Inc. 0.08% 12,250 $213K New
FCX Freeport-McMoran Inc. 0.08% 4,150 $211K New
DYFN Angel Oak DYN Fin Strat Inc. 0.07% 15,728 $208K No change
D Dominion Energy Inc. 0.07% 3,500 $205K New
IVE iShares S&P 500 Value ETF 0.07% 950 $201K New
XLV SS Health Care Select Sector 0.07% 1,300 $201K New
MYN BlackRock Muniyield NY QLTY 0.07% 20,000 $198K No change
IMMX Immix Biopharma Inc. 0.02% 10,650 $56K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
SecurityClassShares / PrincipalValueChange
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock 26,145$653KReduce -18.7%
JPMORGAN CHASE & CO (JPM 5.75 PERP DD) PREFERRED STOCK 17,200$429KReduce -25.9%
WELLS FARGO & COMPANY (WFC 4.7 PERP AA) Common Stock 21,000$406KNo change

Total filed on the 13F, all lines: $280.4M.

Portfolio Sells Q3 2025 → Q4 2025
IGM iShares Expanded Tech Sector Reduce -12.2% 5.71% −0.69
MSFT Microsoft Corp. Reduce -7.8% 2.27% −0.39
AAPL Apple Inc. Reduce -11.0% 4.04% −0.25
XLK SS Technology Select Sector Reduce -11.9% 2.03% −0.25
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -34.4% 0.38% −0.24
IWR iShares Russell Mid-Cap ETF Sold out 0.00% −0.22
MA Mastercard Inc. Class A Reduce -11.8% 1.51% −0.21
QQQ Invesco QQQ Trust Series 1 Reduce -23.8% 0.71% −0.21
VXF Vanguard Extended Market ETF Reduce -43.7% 0.25% −0.20
IWP iShares Russell Mid-Cap Grow Reduce -7.0% 1.31% −0.17
T AT&T Inc. Reduce -5.9% 0.74% −0.16
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −0.16
MDY State Street SPDR S&P Midcap Sold out 0.00% −0.15
BCAT BlackRock Capital Alloc TR Reduce -18.0% 0.44% −0.13
IYY iShares Dow Jones U.S. ETF Reduce -22.5% 0.41% −0.11
OKTA Okta Inc. Reduce -1.4% 1.23% −0.11
SPY SS SPDR S&P 500 ETF Trust-US Reduce -10.5% 1.05% −0.11
LNG Cheniere Energy Inc. Sold out 0.00% −0.09
NVDA Nvidia Corp. Reduce -0.8% 4.35% −0.08
MO Altria Group Inc. Sold out 0.00% −0.08
XLY SS Consumer Disc Select Sect Reduce -5.0% 1.14% −0.08
IWS iShares Russell Mid-Cap Valu Reduce -37.4% 0.13% −0.08
OKE Oneok Inc. Sold out 0.00% −0.07
QCOM Qualcomm Inc. Sold out 0.00% −0.07
EVRG Evergy Inc. Reduce -0.5% 1.07% −0.07
WBD Warner Bros Discovery Inc. Reduce -42.8% 0.22% −0.04
JPS Nuveen Preferred & Income SE Reduce -9.6% 0.21% −0.03
GEHC GE Healthcare Technology Reduce -9.3% 1.26% −0.03
PFE Pfizer Inc. Reduce -1.0% 0.43% −0.02
EQT Eqt Corp. Reduce -12.2% 0.11% −0.02
GLW Corning Inc. Reduce -15.4% 0.10% −0.01
AMZN Amazon.com Inc. Reduce -4.3% 3.35% −0.01
NVG Nuveen Amt-FR Muni CRDT Reduce -6.4% 0.23% −0.01
BSTZ BlackRock Sci & Tech TRM TR Reduce -2.5% 0.16% −0.00
VYM Vanguard High DVD Yield ETF Reduce -1.4% 0.27% −0.00
RTX RTX Corp. Reduce -7.9% 0.19% +0.00
XOM Exxon Mobil Corp. Reduce -5.2% 0.20% +0.00
IWM iShares Russell 2000 ETF Reduce -0.6% 0.80% +0.00
PEP Pepsico Inc. Reduce -0.2% 1.10% +0.01
KO The Coca-Cola Co. Reduce -2.6% 0.93% +0.01
SLB SLB Ltd. Reduce -1.4% 0.19% +0.02
BAC Bank of America Corp. Reduce -1.4% 0.68% +0.03
DHR Danaher Corp. Reduce -6.0% 1.08% +0.08
NWE Northwestern Energy Group Inc. Reduce -1.5% 1.26% +0.09
CRM Salesforce Inc. Reduce -0.3% 1.19% +0.11
GOOGL Alphabet Inc. Class A Reduce -1.2% 5.00% +1.03

Portfolio Buys Q3 2025 → Q4 2025
CAT Caterpillar Inc. Add +0.1% 2.76% +0.44
VTI VG Morningstar TS MKT ETF-US Add +9.6% 3.44% +0.34
PH Parker Hannifin Corp. Add +1.6% 2.36% +0.34
GEV GE Vernova Inc. Add +0.6% 4.08% +0.23
AXP American Express Co. Add +2.0% 1.95% +0.22
IWF iShares Russell 1000 Growth Add +7.0% 2.72% +0.18
WAB Wabtec Corp. Add +1.0% 1.65% +0.10
AVGO Broadcom Inc. Add +1.2% 1.93% +0.09
IBIT iShares Bitcoin Trust ETF New 0.09% +0.09
BA The Boeing Co. New 0.09% +0.09
LRCX Lam Research Corp. New 0.08% +0.08
VZ Verizon Communications Inc. Add +44.2% 0.32% +0.08
HBAN Huntington Bancshares Inc. New 0.08% +0.08
FCX Freeport-McMoran Inc. New 0.08% +0.08
D Dominion Energy Inc. New 0.07% +0.07
XLU St Sr Utl SL SE SPDR ETF-Usd Add +59.5% 0.21% +0.07
IVE iShares S&P 500 Value ETF New 0.07% +0.07
XLV SS Health Care Select Sector New 0.07% +0.07
GE General Electric Add +0.7% 3.14% +0.07
JPM JPMorgan Chase & Co. Add +1.0% 2.55% +0.05
PFF iShares Preferred & Income S Add +11.5% 0.56% +0.04
DE Deere & Co. Add +1.6% 1.70% +0.04
VUG Vanguard Mrngstar GR ETF-Sui Add +0.3% 3.72% +0.04
NUV Nuveen Municipal Value Add +7.4% 0.47% +0.03
EMR Emerson Electric Co. Add +2.6% 1.03% +0.03
GLD SPDR Gold Shares Add +4.2% 0.21% +0.03
NOW ServiceNow Inc. Add +44.0% 0.15% +0.02
IMMX Immix Biopharma Inc. New 0.02% +0.02
DFP Flaherty & Crumrine DYN Pref Add +16.1% 0.13% +0.01
MKC McCormick & Co.-Non VTG SHRS Add +0.8% 0.66% +0.01
FPF First TR Interm Dur & Inc. Add +4.3% 0.12% +0.00
IGV iShares Expanded Tech-Softwa Add +4.8% 0.16% −0.01
NFLX Netflix Inc. Add +16.6% 0.39% −0.04

Notes & Other Activity Q3 2025 → Q4 2025
DUKE ENERGY CORP (DUK 5.75 PERP A) Common Stock Reduce -18.7% 26,145 $653K
JPMORGAN CHASE & CO (JPM 4.625 PERP LL) Common Stock Sold out 27,750 $562Kbefore exit
JPMORGAN CHASE & CO (JPM 5.75 PERP DD) PREFERRED STOCK Reduce -25.9% 17,200 $429K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 127$320.8MGEV, IGM, GOOGL, CAT, NVDA
Q1 2026 124$272.7MGEV, IGM, GOOGL, NVDA, AAPL
Q4 2025 123$278.9MIGM, GOOGL, NVDA, GEV, AAPL
Q3 2025 121$276.2MIGM, NVDA, AAPL, GOOGL, GEV
Q2 2025 119$267.7MIGM, NVDA, AAPL, AMZN, GEV
Q1 2025 119$243.8MIGM, AAPL, AMZN, VUG, NVDA
Q4 2024 120$271.9MIGM, AAPL, NVDA, AMZN, GOOGL
Q3 2024 122$280.7MIGM, AAPL, NVDA, AMZN, VUG
Q2 2024 123$273.1MNVDA, IGM, AAPL, AMZN, GOOGL
Q1 2024 127$264.4MIGM, AAPL, NVDA, AMZN, GOOGL