McRae Capital Management Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 18, 2024), McRae Capital Management Inc. reported 96 stock positions worth $456.5 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Williams-Sonoma (WSM, 6.2%) and Quanta Services (PWR, 5.4%). Compared with Q4 2023, it opened 4 new positions, sold out of 4, added to 29 and reduced 38. The biggest buy was Truist Financial (TFC, shares +62%) and the biggest sale an exit from Fortrea (FTRE).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$456.5M (Q1 2024)
SEC Filing
0001172661-24-001886 ↗ filed Apr 18, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $456.5M $456.5M Q1 2024 Q2 2024: $438.6M Q2 2024 Q3 2024: $512.3M Q3 2024 Q4 2024: $510.1M Q4 2024 Q1 2025: $474.4M Q1 2025 Q2 2025: $488.4M Q2 2025 Q3 2025: $503.8M Q3 2025 Q4 2025: $489.9M Q4 2025 Q1 2026: $482.1M Q1 2026 Q2 2026: $508.1M Q2 2026

Holdings 96 stocks · $456.5M
MSFT Microsoft Corp. 6.34% 68,808 $28.9M Reduce -3.0%
WSM Williams-Sonoma Inc. 6.18% 88,871 $28.2M Reduce -9.4%
PWR Quanta Services Inc. 5.37% 94,308 $24.5M Reduce -5.2%
URI United Rentals Inc. 5.08% 32,154 $23.2M Reduce -4.0%
LOW Lowe's Cos Inc. 5.01% 89,831 $22.9M Add +9.1%
FISV Fiserv Inc. 4.50% 128,629 $20.6M Add +1.3%
OMC Omnicom Group 4.26% 201,136 $19.5M Add +3.7%
CHKP Check Point Software Tech 4.21% 117,181 $19.2M Add +0.6%
NDAQ Nasdaq Inc. 4.12% 297,952 $18.8M Add +2.4%
LH Laboratory CRP of Amer Hldgs 3.82% 79,748 $17.4M Add +7.9%
KEYS Keysight Technologies Inc. 3.64% 106,326 $16.6M Add +23.9%
TMO Thermo Fisher Scientific Inc. 3.27% 25,695 $14.9M Add +4.1%
SNA Snap-on Inc. 3.25% 50,101 $14.8M Add +27.4%
PRFT Perficient Inc. 3.24% 262,923 $14.8M Add +9.6%
VRTX Vertex Pharmaceuticals Inc. 3.11% 33,940 $14.2M Reduce -2.3%
UNH Unitedhealth Group Inc. 2.88% 26,557 $13.1M Add +10.6%
BR Broadridge Financial Solutio 2.80% 62,474 $12.8M Reduce -0.5%
BDX Becton Dickinson and Co. 2.44% 44,971 $11.1M Add +18.8%
PYPL PayPal Holdings Inc. 2.41% 164,019 $11.0M Add +7.6%
TFC Truist Financial Corp. 2.36% 276,719 $10.8M Add +62.0%
ACN Accenture PLC Class A 2.02% 26,628 $9.2M Reduce -0.2%
JPM JPMorgan Chase & Co. 1.96% 44,767 $9.0M Reduce -1.4%
CRM Salesforce Inc. 1.83% 27,747 $8.4M Reduce -1.2%
WDAY Workday Inc. Class A 1.74% 29,097 $7.9M Add +2.0%
AAPL Apple Inc. 1.05% 28,003 $4.8M Reduce -1.8%
CB Chubb Ltd. 0.76% 13,319 $3.5M Add +106.2%
HSY The Hershey Co. 0.60% 14,164 $2.8M Add +46.0%
SO The Southern Co. 0.58% 37,129 $2.7M Reduce -0.1%
PEG Public Service Enterprise GP 0.58% 39,756 $2.7M Add +682.4%
JNJ Johnson & Johnson 0.51% 14,714 $2.3M Reduce -19.9%
PFF iShares Preferred & Income S 0.47% 67,001 $2.2M Reduce -9.6%
TT Trane Technologies PLC 0.38% 5,832 $1.8M No change
PEP Pepsico Inc. 0.38% 9,937 $1.7M Reduce -2.0%
GLD SPDR Gold Shares 0.38% 8,430 $1.7M Reduce -2.0%
WM Waste Management Inc. 0.38% 8,135 $1.7M Reduce -2.4%
IVV iShares Core S&P 500 ETF 0.35% 3,079 $1.6M Reduce -0.9%
ISRG Intuitive Surgical Inc. 0.35% 3,965 $1.6M Reduce -2.5%
INTU Intuit Inc. 0.31% 2,166 $1.4M Reduce -1.4%
DHR Danaher Corp. 0.30% 5,489 $1.4M Add +0.9%
ZBRA Zebra Technologies Corp. Class A 0.29% 4,425 $1.3M Reduce -1.4%
MRK Merck & Co. Inc. 0.27% 9,195 $1.2M Reduce -1.5%
PFE Pfizer Inc. 0.26% 41,980 $1.2M No change
FDX FedEx Corp. 0.23% 3,653 $1.1M New
XOM Exxon Mobil Corp. 0.22% 8,589 $998K Reduce -6.2%
HD Home Depot Inc. 0.21% 2,513 $964K No change
UNP Union Pacific Corp. 0.21% 3,825 $941K Reduce -0.5%
META Meta Platforms Inc. Class A 0.20% 1,892 $919K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.20% 15,628 $900K No change
LLY Eli Lilly & Co. 0.19% 1,121 $872K Reduce -8.9%
VOO Vanguard S&P 500 ETF 0.18% 1,717 $825K No change
WY Weyerhaeuser Co. 0.18% 22,678 $814K No change
HON Honeywell International Inc. 0.17% 3,842 $789K Reduce -5.1%
INTC Intel Corp. 0.16% 16,793 $742K No change
COST Costco Wholesale Corp. 0.16% 978 $717K No change
ABT Abbott Laboratories 0.15% 6,212 $706K No change
IJH iShares Core S&P Midcap ETF 0.15% 11,315 $687K Add +0.4%
AMGN Amgen Inc. 0.15% 2,386 $678K Reduce -6.3%
CVX Chevron Corp. 0.15% 4,271 $674K Reduce -1.7%
IJR iShares Core S&P Small-Cap E 0.13% 5,526 $611K Add +1.2%
GOOGL Alphabet Inc. Class A 0.13% 4,028 $608K Add +3.9%
COP Conocophillips 0.13% 4,549 $579K No change
WMT Walmart Inc. 0.12% 9,420 $567K Add +3.0%
MRSH Marsh & McLennan Cos 0.12% 2,703 $557K New
ADP Automatic Data Processing 0.12% 2,168 $541K Add +1.3%
ABBV Abbvie Inc. 0.11% 2,740 $499K Reduce -0.9%
PG The Procter & Gamble Co. 0.11% 3,047 $494K Reduce -0.8%
NVT Nvent Electric PLC 0.11% 6,552 $494K Reduce -4.4%
AEM Agnico Eagle Mines Ltd. 0.10% 8,000 $477K No change
SWKS Skyworks Solutions Inc. 0.10% 4,240 $459K Reduce -2.6%
XYL Xylem Inc. 0.10% 3,474 $449K Add +0.1%
GOOG Alphabet Inc. Class C 0.10% 2,852 $434K No change
GS Goldman Sachs Group Inc. 0.09% 998 $417K Reduce -4.3%
ETN Eaton Corp. PLC 0.09% 1,300 $406K No change
MET Metlife Inc. 0.09% 5,367 $398K Reduce -0.4%
UPS United Parcel Service Class B 0.08% 2,488 $370K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 2,985 $365K No change
FTV Fortive Corp. 0.08% 4,225 $363K Add +0.6%
AMZN Amazon.com Inc. 0.08% 2,010 $363K Add +2.5%
TXN Texas Instruments Inc. 0.07% 1,900 $331K Reduce -2.2%
CSCO Cisco Systems Inc. 0.07% 6,250 $312K Reduce -5.0%
KO The Coca-Cola Co. 0.07% 4,861 $297K Reduce -1.2%
BGH Barings GLBL SHRT Dur Hi YLD 0.06% 20,263 $290K Add +1.1%
AMP Ameriprise Financial Inc. 0.06% 635 $278K New
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 1,667 $271K Reduce -21.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 489 $256K No change
ADM Archer-Daniels-Midland Co. 0.05% 3,992 $251K No change
PGF Invesco Financial Preferred 0.05% 16,204 $247K No change
USB US Bancorp 0.05% 5,450 $244K Reduce -5.7%
DUK Duke Energy Corp. 0.05% 2,366 $229K No change
RTX RTX Corp. 0.05% 2,280 $222K New
NEM Newmont Corp. 0.05% 5,900 $211K No change
PNC PNC Financial Services Group 0.05% 1,300 $210K No change
LULU Lululemon Athletica Inc. 0.05% 530 $207K Add +1.9%
HL Hecla Mining Co. 0.04% 40,000 $192K No change
AGI Alamos Gold Inc. Class A 0.04% 12,900 $190K No change
B Barrick Gold Corp. 0.04% 10,000 $166K No change

Portfolio Sells Q4 2023 → Q1 2024
FTRE Fortrea Holdings Inc. Sold out 0.00% −0.46
BR Broadridge Financial Solutio Reduce -0.5% 2.80% −0.43
VRTX Vertex Pharmaceuticals Inc. Reduce -2.3% 3.11% −0.43
MSFT Microsoft Corp. Reduce -3.0% 6.34% −0.33
ACN Accenture PLC Class A Reduce -0.2% 2.02% −0.32
AAPL Apple Inc. Reduce -1.8% 1.05% −0.32
JNJ Johnson & Johnson Reduce -19.9% 0.51% −0.21
PFF iShares Preferred & Income S Reduce -9.6% 0.47% −0.11
CFG Citizens Financial Group Sold out 0.00% −0.09
SO The Southern Co. Reduce -0.1% 0.58% −0.07
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.07
NKE Nike Inc. Class B Sold out 0.00% −0.05
PEP Pepsico Inc. Reduce -2.0% 0.38% −0.05
HON Honeywell International Inc. Reduce -5.1% 0.17% −0.04
INTU Intuit Inc. Reduce -1.4% 0.31% −0.03
AMGN Amgen Inc. Reduce -6.3% 0.15% −0.03
GLD SPDR Gold Shares Reduce -2.0% 0.38% −0.03
UNP Union Pacific Corp. Reduce -0.5% 0.21% −0.03
SWKS Skyworks Solutions Inc. Reduce -2.6% 0.10% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Reduce -21.3% 0.06% −0.02
CRM Salesforce Inc. Reduce -1.2% 1.83% −0.02
IVV iShares Core S&P 500 ETF Reduce -0.9% 0.35% −0.02
CSCO Cisco Systems Inc. Reduce -5.0% 0.07% −0.01
ZBRA Zebra Technologies Corp. Class A Reduce -1.4% 0.29% −0.01
CVX Chevron Corp. Reduce -1.7% 0.15% −0.01
XOM Exxon Mobil Corp. Reduce -6.2% 0.22% −0.01
TXN Texas Instruments Inc. Reduce -2.2% 0.07% −0.01
GS Goldman Sachs Group Inc. Reduce -4.3% 0.09% −0.01
USB US Bancorp Reduce -5.7% 0.05% −0.01
KO The Coca-Cola Co. Reduce -1.2% 0.07% −0.01
PG The Procter & Gamble Co. Reduce -0.8% 0.11% −0.00
MET Metlife Inc. Reduce -0.4% 0.09% −0.00
PWR Quanta Services Inc. Reduce -5.2% 5.37% −0.00
ABBV Abbvie Inc. Reduce -0.9% 0.11% +0.00
ISRG Intuitive Surgical Inc. Reduce -2.5% 0.35% +0.00
WM Waste Management Inc. Reduce -2.4% 0.38% +0.01
NVT Nvent Electric PLC Reduce -4.4% 0.11% +0.01
MRK Merck & Co. Inc. Reduce -1.5% 0.27% +0.01
LLY Eli Lilly & Co. Reduce -8.9% 0.19% +0.01
JPM JPMorgan Chase & Co. Reduce -1.4% 1.96% +0.03
URI United Rentals Inc. Reduce -4.0% 5.08% +0.27
WSM Williams-Sonoma Inc. Reduce -9.4% 6.18% +1.23

Portfolio Buys Q4 2023 → Q1 2024
TFC Truist Financial Corp. Add +62.0% 2.36% +0.78
PEG Public Service Enterprise GP Add +682.4% 0.58% +0.50
LOW Lowe's Cos Inc. Add +9.1% 5.01% +0.43
SNA Snap-on Inc. Add +27.4% 3.25% +0.41
CB Chubb Ltd. Add +106.2% 0.76% +0.39
FISV Fiserv Inc. Add +1.3% 4.50% +0.28
FDX FedEx Corp. New 0.23% +0.23
KEYS Keysight Technologies Inc. Add +23.9% 3.64% +0.23
HSY The Hershey Co. Add +46.0% 0.60% +0.15
BDX Becton Dickinson and Co. Add +18.8% 2.44% +0.13
MRSH Marsh & McLennan Cos New 0.12% +0.12
PYPL PayPal Holdings Inc. Add +7.6% 2.41% +0.07
OMC Omnicom Group Add +3.7% 4.26% +0.06
AMP Ameriprise Financial Inc. New 0.06% +0.06
RTX RTX Corp. New 0.05% +0.05
AMZN Amazon.com Inc. Add +2.5% 0.08% +0.00
WMT Walmart Inc. Add +3.0% 0.12% +0.00
FTV Fortive Corp. Add +0.6% 0.08% +0.00
XYL Xylem Inc. Add +0.1% 0.10% −0.00
GOOGL Alphabet Inc. Class A Add +3.9% 0.13% −0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +1.1% 0.06% −0.00
IJH iShares Core S&P Midcap ETF Add +0.4% 0.15% −0.01
ADP Automatic Data Processing Add +1.3% 0.12% −0.01
TMO Thermo Fisher Scientific Inc. Add +4.1% 3.27% −0.01
IJR iShares Core S&P Small-Cap E Add +1.2% 0.13% −0.01
DHR Danaher Corp. Add +0.9% 0.30% −0.01
LULU Lululemon Athletica Inc. Add +1.9% 0.05% −0.02
NDAQ Nasdaq Inc. Add +2.4% 4.12% −0.11
WDAY Workday Inc. Class A Add +2.0% 1.74% −0.23
CHKP Check Point Software Tech Add +0.6% 4.21% −0.24
UNH Unitedhealth Group Inc. Add +10.6% 2.88% −0.28
LH Laboratory CRP of Amer Hldgs Add +7.9% 3.82% −0.39
PRFT Perficient Inc. Add +9.6% 3.24% −0.71

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$508.1MWSM, KEYS, MSFT, LH, PWR
Q1 2026 105$482.1MMSFT, LH, KEYS, WSM, LOW
Q4 2025 103$489.9MMSFT, NDAQ, WSM, KEYS, LH
Q3 2025 103$503.8MMSFT, WSM, NDAQ, LH, CHKP
Q2 2025 102$488.4MMSFT, CHKP, NDAQ, WSM, LH
Q1 2025 94$474.4MCHKP, MSFT, FISV, WSM, NDAQ
Q4 2024 91$510.1MMSFT, WSM, PWR, FISV, NDAQ
Q3 2024 93$512.3MMSFT, PWR, LOW, URI, WSM
Q2 2024 92$438.6MMSFT, WSM, PWR, URI, LOW
Q1 2024 96$456.5MMSFT, WSM, PWR, URI, LOW