McDonald Capital Investors Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), McDonald Capital Investors Inc. reported 21 stock positions worth $1.6 billion. Its top holding was Progressive (PGR) at 14.0% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.0%) and Netflix (NFLX, 8.3%). Compared with Q2 2025, it opened 1 new position and reduced 17. The biggest buy was a new position in Factset Research Systems (FDS) and the biggest sale Progressive (PGR, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- ORINDA, CA
- CIK
- 0001033225
- Portfolio Value
- $1.6B (Q3 2025)
- SEC Filing
- 0001033225-25-000003 ↗ filed Nov 10, 2025
Holdings Value
Holdings 21 stocks · $1.6B
| PGR Progressive Corp. | 14.01% | 912,857 | $225.4M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 9.98% | 319,397 | $160.6M | Reduce -2.3% |
| NFLX Netflix Inc. | 8.28% | 111,052 | $133.1M | Reduce -2.3% |
| BN Brookfield Corp. | 8.01% | 1,879,927 | $128.9M | Reduce -3.1% |
| REGN Regeneron Pharmaceuticals | 7.46% | 213,331 | $119.9M | Reduce -2.2% |
| AMZN Amazon.com Inc. | 7.25% | 531,264 | $116.6M | Reduce -2.6% |
| PAYX Paychex Inc. | 6.76% | 857,899 | $108.7M | Reduce -1.9% |
| MLM Martin Marietta Materials | 6.17% | 157,538 | $99.3M | Reduce -2.5% |
| JPM JPMorgan Chase & Co. | 5.57% | 284,347 | $89.7M | Reduce -1.8% |
| ECL Ecolab Inc. | 5.26% | 308,963 | $84.6M | Reduce -2.3% |
| GOOGL Alphabet Inc. Class A | 4.04% | 267,090 | $64.9M | Reduce -2.5% |
| WFC Wells Fargo & Co. | 3.88% | 743,838 | $62.3M | Reduce -2.4% |
| NKE Nike Inc. Class B | 3.62% | 834,114 | $58.2M | Reduce -3.1% |
| UNP Union Pacific Corp. | 3.57% | 242,877 | $57.4M | Reduce -1.3% |
| FAST Fastenal Co. | 2.79% | 913,854 | $44.8M | Reduce -4.6% |
| FDS Factset Research Systems Inc. | 1.76% | 98,853 | $28.3M | New |
| BAM Brookfield Asset Mgmt-A | 1.27% | 357,653 | $20.4M | Reduce -2.4% |
| ELV Elevance Health Inc. | 0.19% | 9,608 | $3.1M | Reduce -32.1% |
| EXPD Expeditors Intl Wash Inc. | 0.10% | 12,950 | $1.6M | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 2,500 | $609K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.01% | 1,195 | $227K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| PGR Progressive Corp. | Reduce -1.8% | 14.01% | −1.55 |
| NFLX Netflix Inc. | Reduce -2.3% | 8.28% | −1.27 |
| PAYX Paychex Inc. | Reduce -1.9% | 6.76% | −1.22 |
| AMZN Amazon.com Inc. | Reduce -2.6% | 7.25% | −0.26 |
| NKE Nike Inc. Class B | Reduce -3.1% | 3.62% | −0.22 |
| ELV Elevance Health Inc. | Reduce -32.1% | 0.19% | −0.15 |
| ECL Ecolab Inc. | Reduce -2.3% | 5.26% | −0.09 |
| BAM Brookfield Asset Mgmt-A | Reduce -2.4% | 1.27% | −0.01 |
| UNP Union Pacific Corp. | Reduce -1.3% | 3.57% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.3% | 9.98% | +0.02 |
| WFC Wells Fargo & Co. | Reduce -2.4% | 3.88% | +0.04 |
| FAST Fastenal Co. | Reduce -4.6% | 2.79% | +0.26 |
| REGN Regeneron Pharmaceuticals | Reduce -2.2% | 7.46% | +0.27 |
| JPM JPMorgan Chase & Co. | Reduce -1.8% | 5.57% | +0.30 |
| BN Brookfield Corp. | Reduce -3.1% | 8.01% | +0.48 |
| MLM Martin Marietta Materials | Reduce -2.5% | 6.17% | +0.60 |
| GOOGL Alphabet Inc. Class A | Reduce -2.5% | 4.04% | +1.01 |
Portfolio Buys Q2 2025 → Q3 2025
| FDS Factset Research Systems Inc. | New | 1.76% | +1.76 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $1.4B | PGR, BRK.B, REGN, AMZN, BN |
| Q1 2026 | 21 | $1.5B | PGR, REGN, BRK.B, BN, AMZN |
| Q4 2025 | 21 | $1.6B | PGR, REGN, BRK.B, BN, AMZN |
| Q3 2025 | 21 | $1.6B | PGR, BRK.B, NFLX, BN, REGN |
| Q2 2025 | 20 | $1.6B | PGR, BRK.B, NFLX, PAYX, BN |
| Q1 2025 | 20 | $1.6B | PGR, BRK.B, PAYX, REGN, NFLX |
| Q4 2024 | 21 | $1.6B | PGR, BRK.B, NFLX, PAYX, AMZN |
| Q3 2024 | 21 | $1.6B | PGR, BRK.B, NFLX, REGN, PAYX |
| Q2 2024 | 22 | $1.6B | PGR, NFLX, REGN, BRK.B, AMZN |
| Q1 2024 | 22 | $1.6B | PGR, BRK.B, REGN, NFLX, PAYX |