McRae Capital Management Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), McRae Capital Management Inc. reported 91 stock positions worth $510.1 million. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Williams-Sonoma (WSM, 5.7%) and Quanta Services (PWR, 5.0%). Compared with Q3 2024, it sold out of 2, added to 25 and reduced 39. The biggest buy was Salesforce (CRM, shares +9%) and the biggest sale United Rentals (URI, shares −9%).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$510.1M (Q4 2024)
SEC Filing
0001172661-25-000414 ↗ filed Jan 30, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $456.5M Q1 2024 Q2 2024: $438.6M Q2 2024 Q3 2024: $512.3M Q3 2024 Q4 2024: $510.1M $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 91 stocks · $510.1M
MSFT Microsoft Corp. 6.05% 73,273 $30.9M Reduce -2.4%
WSM Williams-Sonoma Inc. 5.71% 157,416 $29.2M Reduce -3.1%
PWR Quanta Services Inc. 4.97% 80,256 $25.4M Reduce -7.0%
FISV Fiserv Inc. 4.94% 122,551 $25.2M Reduce -5.1%
NDAQ Nasdaq Inc. 4.47% 294,801 $22.8M Reduce -2.1%
LOW Lowe's Cos Inc. 4.41% 91,116 $22.5M Reduce -2.3%
CHKP Check Point Software Tech 4.41% 120,355 $22.5M Reduce -0.8%
URI United Rentals Inc. 3.92% 28,382 $20.0M Reduce -8.9%
LH Labcorp Holdings Inc. 3.80% 84,446 $19.4M Add +1.6%
KEYS Keysight Technologies Inc. 3.56% 113,051 $18.2M Add +0.6%
OMC Omnicom Group 3.43% 203,059 $17.5M Reduce -0.3%
SNA Snap-on Inc. 3.37% 50,608 $17.2M Reduce -1.5%
CRM Salesforce Inc. 3.03% 46,227 $15.5M Add +9.3%
WDAY Workday Inc. Class A 3.01% 59,478 $15.3M Add +0.6%
PYPL PayPal Holdings Inc. 2.97% 177,756 $15.2M Reduce -0.1%
TMO Thermo Fisher Scientific Inc. 2.83% 27,769 $14.4M Add +8.1%
UNH Unitedhealth Group Inc. 2.75% 27,762 $14.0M Add +0.3%
BR Broadridge Financial Solutio 2.73% 61,589 $13.9M Reduce -1.0%
VRTX Vertex Pharmaceuticals Inc. 2.45% 31,078 $12.5M Reduce -2.5%
TFC Truist Financial Corp. 2.39% 280,894 $12.2M Reduce -0.5%
CB Chubb Ltd. 2.29% 42,211 $11.7M Add +2.1%
BDX Becton Dickinson and Co. 2.19% 49,296 $11.2M Reduce -2.5%
LULU Lululemon Athletica Inc. 2.13% 28,379 $10.9M Reduce -18.9%
JPM JPMorgan Chase & Co. 2.06% 43,916 $10.5M Reduce -1.3%
ACN Accenture PLC Class A 1.83% 26,500 $9.3M Reduce -0.6%
HSY The Hershey Co. 1.41% 42,322 $7.2M Add +15.6%
AAPL Apple Inc. 1.27% 25,909 $6.5M Reduce -0.3%
AMZN Amazon.com Inc. 1.03% 23,905 $5.2M Reduce -4.8%
GOOGL Alphabet Inc. Class A 1.03% 27,650 $5.2M Add +3.0%
SO The Southern Co. 0.56% 34,632 $2.9M Reduce -1.4%
TT Trane Technologies PLC 0.42% 5,771 $2.1M Reduce -0.4%
GLD SPDR Gold Shares 0.40% 8,410 $2.0M No change
IVV iShares Core S&P 500 ETF 0.39% 3,362 $2.0M Add +5.4%
ISRG Intuitive Surgical Inc. 0.39% 3,765 $2.0M No change
JNJ Johnson & Johnson 0.37% 13,086 $1.9M Reduce -7.4%
PFF iShares Preferred & Income S 0.36% 57,901 $1.8M Reduce -12.7%
HON Honeywell International Inc. 0.30% 6,853 $1.5M Add +1.8%
WM Waste Management Inc. 0.30% 7,610 $1.5M Add +0.3%
PEP Pepsico Inc. 0.30% 10,063 $1.5M Add +1.0%
ZBRA Zebra Technologies Corp. Class A 0.29% 3,855 $1.5M Reduce -3.1%
INTU Intuit Inc. 0.27% 2,222 $1.4M Add +2.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.24% 15,628 $1.2M No change
DHR Danaher Corp. 0.23% 5,089 $1.2M No change
META Meta Platforms Inc. Class A 0.23% 1,986 $1.2M Reduce -3.2%
VOO Vanguard S&P 500 ETF 0.18% 1,721 $927K Add +0.2%
COST Costco Wholesale Corp. 0.18% 978 $896K No change
PFE Pfizer Inc. 0.17% 33,202 $881K Add +0.2%
HD Home Depot Inc. 0.17% 2,234 $869K No change
MRK Merck & Co. Inc. 0.17% 8,658 $861K Reduce -3.4%
LLY Eli Lilly & Co. 0.16% 1,061 $819K Reduce -0.9%
FDX FedEx Corp. 0.15% 2,654 $747K No change
IJH iShares Core S&P Midcap ETF 0.14% 11,630 $725K Add +0.5%
ABT Abbott Laboratories 0.14% 6,212 $703K No change
UNP Union Pacific Corp. 0.14% 3,025 $690K No change
IJR iShares Core S&P Small-Cap E 0.13% 5,737 $661K Reduce -1.9%
ADP Automatic Data Processing 0.13% 2,187 $640K Add +0.1%
CVX Chevron Corp. 0.12% 4,342 $629K Add +1.7%
AEM Agnico Eagle Mines Ltd. 0.12% 8,000 $626K Reduce -0.0%
MRSH Marsh & McLennan Cos 0.12% 2,899 $616K No change
XOM Exxon Mobil Corp. 0.12% 5,683 $611K Reduce -1.6%
AMP Ameriprise Financial Inc. 0.11% 1,085 $578K No change
WMT Walmart Inc. 0.10% 5,792 $523K Reduce -1.7%
PG The Procter & Gamble Co. 0.10% 3,081 $517K No change
PLTR Palantir Technologies Inc. Class A 0.10% 6,600 $499K No change
NVDA Nvidia Corp. 0.10% 3,650 $490K Add +9.8%
GS Goldman Sachs Group Inc. 0.09% 798 $457K No change
PEG Public Service Enterprise GP 0.09% 5,181 $438K Add +2.0%
ETN Eaton Corp. PLC 0.09% 1,314 $436K No change
NVT Nvent Electric PLC 0.08% 6,211 $423K Reduce -5.2%
AGI Alamos Gold Inc. Class A 0.08% 22,900 $422K No change
XYL Xylem Inc. 0.08% 3,575 $415K Add +2.9%
MET Metlife Inc. 0.08% 4,914 $402K Add +1.6%
AMGN Amgen Inc. 0.08% 1,495 $390K Reduce -25.1%
CSCO Cisco Systems Inc. 0.07% 6,350 $376K Add +1.6%
BTC Grayscale Bitcoin Mini ETF 0.07% 8,918 $373K No change
COP Conocophillips 0.07% 3,600 $357K No change
NEM Newmont Corp. 0.07% 9,500 $354K No change
ABBV Abbvie Inc. 0.07% 1,964 $349K No change
AVGO Broadcom Inc. 0.07% 1,500 $348K No change
GOOG Alphabet Inc. Class C 0.06% 1,712 $326K No change
BGH Barings GLBL SHRT Dur Hi YLD 0.06% 21,056 $325K Add +1.1%
FTV Fortive Corp. 0.06% 4,125 $309K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 2,735 $305K Reduce -1.4%
RTX RTX Corp. 0.05% 2,358 $273K Reduce -3.8%
NFLX Netflix Inc. 0.05% 300 $267K No change
PNC PNC Financial Services Group 0.05% 1,378 $266K Reduce -1.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 420 $246K Reduce -14.1%
USB US Bancorp 0.05% 5,000 $239K Reduce -8.3%
PGF Invesco Financial Preferred 0.05% 16,203 $236K No change
HL Hecla Mining Co. 0.04% 40,000 $196K No change
VUZI Vuzix Corp. 0.02% 23,000 $91K No change

Portfolio Sells Q3 2024 → Q4 2024
URI United Rentals Inc. Reduce -8.9% 3.92% −1.00
OMC Omnicom Group Reduce -0.3% 3.43% −0.69
LOW Lowe's Cos Inc. Reduce -2.3% 4.41% −0.52
VRTX Vertex Pharmaceuticals Inc. Reduce -2.5% 2.45% −0.44
MSFT Microsoft Corp. Reduce -2.4% 6.05% −0.25
BDX Becton Dickinson and Co. Reduce -2.5% 2.19% −0.19
CHKP Check Point Software Tech Reduce -0.8% 4.41% −0.16
JNJ Johnson & Johnson Reduce -7.4% 0.37% −0.08
PFF iShares Preferred & Income S Reduce -12.7% 0.36% −0.07
SWKS Skyworks Solutions Inc. Sold out 0.00% −0.06
SO The Southern Co. Reduce -1.4% 0.56% −0.06
PWR Quanta Services Inc. Reduce -7.0% 4.97% −0.05
AMGN Amgen Inc. Reduce -25.1% 0.08% −0.05
KO The Coca-Cola Co. Sold out 0.00% −0.04
MRK Merck & Co. Inc. Reduce -3.4% 0.17% −0.03
LLY Eli Lilly & Co. Reduce -0.9% 0.16% −0.02
TT Trane Technologies PLC Reduce -0.4% 0.42% −0.02
XOM Exxon Mobil Corp. Reduce -1.6% 0.12% −0.01
ACN Accenture PLC Class A Reduce -0.6% 1.83% −0.01
NVT Nvent Electric PLC Reduce -5.2% 0.08% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -14.1% 0.05% −0.01
RTX RTX Corp. Reduce -3.8% 0.05% −0.00
IJR iShares Core S&P Small-Cap E Reduce -1.9% 0.13% −0.00
AEM Agnico Eagle Mines Ltd. Reduce -0.0% 0.12% −0.00
USB US Bancorp Reduce -8.3% 0.05% −0.00
META Meta Platforms Inc. Class A Reduce -3.2% 0.23% −0.00
PNC PNC Financial Services Group Reduce -1.6% 0.05% +0.00
ZBRA Zebra Technologies Corp. Class A Reduce -3.1% 0.29% +0.00
DIS The Walt Disney Co. Reduce -1.4% 0.06% +0.01
WMT Walmart Inc. Reduce -1.7% 0.10% +0.01
TFC Truist Financial Corp. Reduce -0.5% 2.39% +0.03
AAPL Apple Inc. Reduce -0.3% 1.27% +0.09
AMZN Amazon.com Inc. Reduce -4.8% 1.03% +0.11
BR Broadridge Financial Solutio Reduce -1.0% 2.73% +0.12
NDAQ Nasdaq Inc. Reduce -2.1% 4.47% +0.18
JPM JPMorgan Chase & Co. Reduce -1.3% 2.06% +0.23
PYPL PayPal Holdings Inc. Reduce -0.1% 2.97% +0.26
LULU Lululemon Athletica Inc. Reduce -18.9% 2.13% +0.27
FISV Fiserv Inc. Reduce -5.1% 4.94% +0.41
SNA Snap-on Inc. Reduce -1.5% 3.37% +0.46
WSM Williams-Sonoma Inc. Reduce -3.1% 5.71% +0.80

Portfolio Buys Q3 2024 → Q4 2024
CRM Salesforce Inc. Add +9.3% 3.03% +0.77
WDAY Workday Inc. Class A Add +0.6% 3.01% +0.19
LH Labcorp Holdings Inc. Add +1.6% 3.80% +0.17
GOOGL Alphabet Inc. Class A Add +3.0% 1.03% +0.16
KEYS Keysight Technologies Inc. Add +0.6% 3.56% +0.07
HSY The Hershey Co. Add +15.6% 1.41% +0.03
HON Honeywell International Inc. Add +1.8% 0.30% +0.03
IVV iShares Core S&P 500 ETF Add +5.4% 0.39% +0.03
NVDA Nvidia Corp. Add +9.8% 0.10% +0.02
INTU Intuit Inc. Add +2.6% 0.27% +0.01
CSCO Cisco Systems Inc. Add +1.6% 0.07% +0.01
ADP Automatic Data Processing Add +0.1% 0.13% +0.01
VOO Vanguard S&P 500 ETF Add +0.2% 0.18% +0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +1.1% 0.06% +0.00
IJH iShares Core S&P Midcap ETF Add +0.5% 0.14% +0.00
MET Metlife Inc. Add +1.6% 0.08% +0.00
CVX Chevron Corp. Add +1.7% 0.12% +0.00
PEG Public Service Enterprise GP Add +2.0% 0.09% −0.00
WM Waste Management Inc. Add +0.3% 0.30% −0.01
XYL Xylem Inc. Add +2.9% 0.08% −0.01
PFE Pfizer Inc. Add +0.2% 0.17% −0.01
PEP Pepsico Inc. Add +1.0% 0.30% −0.03
CB Chubb Ltd. Add +2.1% 2.29% −0.04
TMO Thermo Fisher Scientific Inc. Add +8.1% 2.83% −0.27
UNH Unitedhealth Group Inc. Add +0.3% 2.75% −0.41

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