MBB Public Markets I LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), MBB Public Markets I LLC reported 497 stock positions worth $868.8 million. Its top holding was Progressive (PGR) at 18.1% of the portfolio, followed by Aercap (AER, 11.3%) and Ferguson Enterprises (FERG, 6.7%). Compared with Q1 2025, it opened 4 new positions, sold out of 30, added to 10 and reduced 479. The biggest buy was a new position in Ferguson Enterprises (FERG) and the biggest sale an exit from SS SPDR P S&P 400 Midcap ETF (SPMD).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001892378
Portfolio Value
$868.8M (Q2 2025)
SEC Filing
0001214659-25-012222 ↗ filed Aug 14, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $4.8B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $843.9M Q4 2024 Q1 2025: $867.8M Q1 2025 Q2 2025: $868.8M $868.8M Q2 2025 Q3 2025: $750.7M Q3 2025 Q4 2025: $957.2M Q4 2025 Q1 2026: $835.2M Q1 2026 Q2 2026: $925.7M Q2 2026

Holdings 497 stocks · $868.8M
PGR Progressive Corp. 18.12% 589,906 $157.4M Add +68.5%
AER Aercap Holdings NV 11.33% 841,315 $98.4M Add +62.8%
FERG Ferguson Enterprises Inc. 6.71% 267,772 $58.3M New
AMZN Amazon.com Inc. 4.78% 189,179 $41.5M Reduce -0.2%
VEA Vanguard Ftse Developed ETF 4.34% 662,117 $37.7M No change
EQT Eqt Corp. 4.14% 616,513 $36.0M Reduce -7.7%
MSFT Microsoft Corp. 3.60% 62,939 $31.3M Add +18.6%
BG Bunge Global SA 3.52% 380,853 $30.6M Reduce -11.8%
EWJ iShares MSCI Japan ETF 3.32% 384,482 $28.8M No change
CCJ Cameco Corp. 3.25% 379,865 $28.2M Reduce -26.9%
GOOGL Alphabet Inc. Class A 3.20% 157,986 $27.8M Reduce -0.1%
AVGO Broadcom Inc. 3.17% 99,841 $27.5M Reduce -0.3%
FCX Freeport-McMoran Inc. 2.64% 529,978 $23.0M Reduce -5.6%
TECK Teck Resources Ltd.-CLS B 2.62% 563,228 $22.7M Reduce -24.0%
AMGN Amgen Inc. 2.24% 69,824 $19.5M Reduce -0.3%
VST Vistra Corp. 2.09% 93,848 $18.2M Add +50.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.74% 446,991 $15.1M Add +9.4%
IQV Iqvia Holdings Inc. 1.54% 84,986 $13.4M Add +5035.1%
INDA iShares MSCI India ETF 1.50% 233,724 $13.0M No change
DFIV Dimensional International Va 0.69% 140,000 $6.0M Reduce -41.7%
SPSM SS SPDR P S&P 600 Small Cap 0.39% 79,298 $3.4M Reduce -88.2%
KYTX Kyverna Therapeutics Inc. 0.22% 614,477 $1.9M No change
EWZ iShares MSCI Brazil ETF 0.11% 31,734 $916K Reduce -65.1%
TKO Tko Group Holdings Inc. 0.08% 3,861 $703K Reduce -9.1%
NRG NRG Energy Inc. 0.05% 2,771 $445K Reduce -17.9%
STX Seagate Technology Holdings 0.05% 2,866 $414K Reduce -18.9%
GEV GE Vernova Inc. 0.05% 780 $413K Reduce -18.1%
PLTR Palantir Technologies Inc. Class A 0.05% 2,957 $403K Reduce -17.6%
JBL Jabil Inc. 0.05% 1,841 $402K Reduce -18.3%
NFLX Netflix Inc. 0.04% 286 $383K Reduce -17.6%
AXON Axon Enterprise Inc. 0.04% 457 $378K Reduce -18.3%
DLTR Dollar Tree Inc. 0.04% 3,814 $378K Reduce -17.7%
RCL Royal Caribbean Cruises Ltd. 0.04% 1,196 $375K Reduce -18.5%
CRWD CrowdStrike Holdings Inc. Class A 0.04% 734 $374K Reduce -17.7%
ORCL Oracle Corp. 0.04% 1,674 $366K Reduce -19.1%
WDC Western Digital Corp. 0.04% 5,684 $364K Reduce -19.1%
HWM Howmet Aerospace Inc. 0.04% 1,952 $363K Reduce -18.4%
APH Amphenol Corp. Class A 0.04% 3,658 $361K Reduce -18.3%
CEG Constellation Energy 0.04% 1,119 $361K Reduce -18.9%
DG Dollar General Corp. 0.04% 3,148 $360K Reduce -17.9%
PWR Quanta Services Inc. 0.04% 949 $359K Reduce -18.4%
ULTA Ulta Beauty Inc. 0.04% 755 $353K Reduce -17.9%
TSLA Tesla Inc. 0.04% 1,109 $352K Reduce -17.8%
MCHP Microchip Technology Inc. 0.04% 4,922 $346K Reduce -19.1%
NVDA Nvidia Corp. 0.04% 2,151 $340K Reduce -19.0%
AMD Advanced Micro Devices 0.04% 2,382 $338K Reduce -19.3%
IDXX Idexx Laboratories Inc. 0.04% 630 $338K Reduce -18.0%
INTU Intuit Inc. 0.04% 429 $338K Reduce -18.4%
CCL Carnival Corp. 0.04% 11,976 $337K Reduce -19.3%
MOS The Mosaic Co. 0.04% 9,172 $335K Reduce -18.5%
HAS Hasbro Inc. 0.04% 4,488 $331K Reduce -17.9%
FSLR First Solar Inc. 0.04% 1,996 $330K Reduce -18.1%
CAH Cardinal Health Inc. 0.04% 1,961 $329K Reduce -18.3%
DASH DoorDash Inc. Class A 0.04% 1,335 $329K Reduce -18.6%
JCI Johnson Controls Internation 0.04% 3,113 $329K Reduce -18.6%
NOW ServiceNow Inc. 0.04% 318 $327K Reduce -17.6%
GE General Electric filed as GE AEROSPACE 0.04% 1,258 $324K Reduce -18.6%
GS Goldman Sachs Group Inc. 0.04% 457 $323K Reduce -18.7%
KLAC KLA Corp. 0.04% 361 $323K Reduce -18.5%
META Meta Platforms Inc. Class A 0.04% 438 $323K Reduce -98.5%
LRCX Lam Research Corp. 0.04% 3,321 $323K Reduce -18.8%
TT Trane Technologies PLC 0.04% 738 $323K Reduce -18.5%
HPE Hewlett Packard Enterprise 0.04% 15,785 $323K Reduce -18.6%
UBER Uber Technologies Inc. 0.04% 3,445 $321K Reduce -18.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 2,588 $321K Reduce -18.9%
LYV Live Nation Entertainment Inc. 0.04% 2,119 $321K Reduce -18.0%
SMCI Super Micro Computer Inc. 0.04% 6,502 $319K Reduce -19.0%
BKNG Booking Holdings Inc. 0.04% 55 $318K Reduce -19.1%
NTRS Northern Trust Corp. 0.04% 2,511 $318K Reduce -19.0%
JPM JPMorgan Chase & Co. 0.04% 1,096 $318K Reduce -18.3%
NEM Newmont Corp. 0.04% 5,438 $317K Reduce -17.8%
SYF Synchrony Financial 0.04% 4,744 $317K Reduce -18.7%
BEN Franklin Templeton Inc. 0.04% 13,262 $316K Reduce -18.6%
RL Ralph Lauren Corp. 0.04% 1,153 $316K Reduce -18.4%
C Citigroup Inc. 0.04% 3,714 $316K Reduce -18.5%
ROK Rockwell Automation Inc. 0.04% 949 $315K Reduce -18.9%
SCHW Schwab (charles) Corp. 0.04% 3,446 $314K Reduce -18.1%
DELL Dell Technologies -C 0.04% 2,563 $314K Reduce -18.9%
PODD Insulet Corp. 0.04% 1,000 $314K Reduce -18.4%
ANET Arista Networks Inc. 0.04% 3,062 $313K Reduce -19.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 1,062 $313K Reduce -18.6%
PM Philip Morris International 0.04% 1,718 $313K Reduce -17.8%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.04% 3,392 $312K Reduce -18.3%
MPWR Monolithic Power Systems Inc. 0.04% 426 $312K Reduce -18.9%
COF Capital One Financial Corp. 0.04% 1,463 $311K Reduce -18.2%
TPR Tapestry Inc. 0.04% 3,544 $311K Reduce -18.6%
VRSN Verisign Inc. 0.04% 1,077 $311K Reduce -18.0%
CTVA Corteva Inc. 0.04% 4,171 $311K Reduce -18.5%
HUBB Hubbell Inc. 0.04% 760 $310K Reduce -18.2%
HII Huntington Ingalls Industrie 0.04% 1,284 $310K Reduce -18.0%
CDNS Cadence Design SYS Inc. 0.04% 1,006 $310K Reduce -18.0%
ON On Semiconductor 0.04% 5,907 $310K Reduce -18.9%
CSCO Cisco Systems Inc. 0.04% 4,455 $309K Reduce -18.4%
ETN Eaton Corp. PLC 0.04% 862 $308K Reduce -75.8%
URI United Rentals Inc. 0.04% 408 $307K Reduce -18.6%
EMR Emerson Electric Co. 0.04% 2,305 $307K Reduce -18.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.04% 3,759 $304K Reduce -19.3%
LHX L3HARRIS Technologies Inc. 0.03% 1,209 $303K Reduce -18.3%
LDOS Leidos Holdings Inc. 0.03% 1,922 $303K Reduce -18.0%
STT State Street Corp. 0.03% 2,851 $303K Reduce -18.6%

Show all 497 holdings

Options reported separately and not counted above: SPY puts ($148.3M), AMZN calls ($17.6M), AVGO calls ($9.6M), FSLR calls ($7.4M), EWZ calls ($6.3M), BX puts ($120K).

Portfolio Sells Q1 2025 → Q2 2025
SPMD SS SPDR P S&P 400 Midcap ETF Sold out 0.00% −5.56
UNH Unitedhealth Group Inc. Sold out 0.00% −4.29
CTRA Coterra Energy Inc. Reduce -99.2% 0.03% −3.45
SPSM SS SPDR P S&P 600 Small Cap Reduce -88.2% 0.39% −2.76
META Meta Platforms Inc. Class A Reduce -98.5% 0.04% −1.86
ASML ASML Holding NV-NY Reg SHS Sold out 0.00% −1.43
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −1.22
DFAT Dimensional US Target Value Sold out 0.00% −0.78
HBM Hudbay Minerals Inc. Sold out 0.00% −0.54
TECK Teck Resources Ltd.-CLS B Reduce -24.0% 2.62% −0.49
DFIV Dimensional International Va Reduce -41.7% 0.69% −0.40
BG Bunge Global SA Reduce -11.8% 3.52% −0.28
AMGN Amgen Inc. Reduce -0.3% 2.24% −0.27
EWZ iShares MSCI Brazil ETF Reduce -65.1% 0.11% −0.17
ETN Eaton Corp. PLC Reduce -75.8% 0.04% −0.08
HCI Hci Group Inc. Sold out 0.00% −0.04
ORLY O'reilly Automotive Inc. Sold out 0.00% −0.04
FAST Fastenal Co. Sold out 0.00% −0.04
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.04
BDX Becton Dickinson and Co. Sold out 0.00% −0.04
FISV Fiserv Inc. Sold out 0.00% −0.04
DFS Discover Financial Services Sold out 0.00% −0.04
ENPH Enphase Energy Inc. Sold out 0.00% −0.04
CAG Conagra Brands Inc. Sold out 0.00% −0.04
GEO The Geo Group Inc. Sold out 0.00% −0.04
BF.B Brown-Forman Corp. Class B Sold out 0.00% −0.04
HAL Halliburton Co. Sold out 0.00% −0.04
TPL Texas Pacific Land Corp. Sold out 0.00% −0.04
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.04
DOW Dow Inc. Sold out 0.00% −0.03
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.03
ARE Alexandria Real Estate Equit Sold out 0.00% −0.03
FTV Fortive Corp. Sold out 0.00% −0.03
LULU Lululemon Athletica Inc. Sold out 0.00% −0.03
AGX Argan Inc. Sold out 0.00% −0.03
WLDN Willdan Group Inc. Sold out 0.00% −0.02
DNOW Dnow Inc. Sold out 0.00% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -32.1% 0.03% −0.02
CPB The Campbell's Company Reduce -18.4% 0.02% −0.01
TAP Molson Coors Beverage Co. Class B Reduce -18.3% 0.02% −0.01
ZBH Zimmer Biomet Holdings Inc. Reduce -19.1% 0.02% −0.01
GPN Global Payments Inc. Reduce -20.3% 0.02% −0.01
SJM The JM Smucker Co. Reduce -18.1% 0.03% −0.01
CLX Clorox Company Reduce -18.5% 0.02% −0.01
PCG P G & E Corp. Reduce -18.4% 0.02% −0.01
OXY Occidental Petroleum Corp. Reduce -19.1% 0.03% −0.01
OKE Oneok Inc. Reduce -19.3% 0.02% −0.01
COP Conocophillips Reduce -18.6% 0.03% −0.01
ERIE Erie Indemnity Company Class A Reduce -18.2% 0.03% −0.01
VYX NCR Voyix Corp. Sold out 0.00% −0.01

Portfolio Buys Q1 2025 → Q2 2025
FERG Ferguson Enterprises Inc. New 6.71% +6.71
PGR Progressive Corp. Add +68.5% 18.12% +6.70
AER Aercap Holdings NV Add +62.8% 11.33% +5.25
IQV Iqvia Holdings Inc. Add +5035.1% 1.54% +1.51
MSFT Microsoft Corp. Add +18.6% 3.60% +1.31
VST Vistra Corp. Add +50.6% 2.09% +1.25
LII Lennox International Inc. New 0.03% +0.03
JBI Janus International Group Inc. New 0.02% +0.02
IMXI International Money Express New 0.02% +0.02
GTX Garrett Motion Inc. Add +3.5% 0.02% +0.00
HLMN Hillman Solutions Corp. Add +43.9% 0.02% +0.00
AHCO Adapthealth Corp. Add +27.5% 0.02% +0.00
VMD Viemed Healthcare Inc. Add +17.6% 0.02% +0.00
SLB SLB Ltd. Add +9.4% 1.74% −0.23

Options Activity Q1 2025 → Q2 2025
SPY SS SPDR S&P 500 ETF Trust-US put New 240,000 $148.3M
AMZN Amazon.com Inc. call New 80,000 $17.6M
AVGO Broadcom Inc. call Reduce -30.0% 35,000 $9.6M
GOOGL Alphabet Inc. Class A call Sold out 50,000 $7.7Mbefore exit
EWZ iShares MSCI Brazil ETF call Reduce -59.9% 220,100 $6.3M
AMGN Amgen Inc. call Sold out 6,500 $2.0Mbefore exit
TECK Teck Resources Ltd.-CLS B call Sold out 11,100 $404Kbefore exit
ASML ASML Holding NV-NY Reg SHS call Sold out 500 $331Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 25$925.7MPGR, AER, AMZN, FERG, MDLN
Q1 2026 24$835.2MPGR, AER, AMZN, FERG, MDLN
Q4 2025 27$957.2MPGR, AER, AMZN, FERG, MDLN
Q3 2025 36$750.7MPGR, AER, AMZN, FERG, VEA
Q2 2025 497$868.8MPGR, AER, FERG, AMZN, VEA
Q1 2025Amended 523$867.8MPGR, AER, SPMD, UNH, AMZN
Q4 2024 58$843.9MTECK, PGR, CTRA, DFAT, BG
Q3 2024 534$1.2BTECK, SPSM, CCJ, CTRA, BG
Q2 2024 671$4.8BMSFT, AAPL, NVDA, RSP, AMZN
Q1 2024 268$1.6BRSP, TECK, XLV, BG, EWZ