McRae Capital Management Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), McRae Capital Management Inc. reported 94 stock positions worth $474.4 million. Its top holding was Check Point Software Tech (CHKP) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.6%) and Fiserv (FISV, 5.1%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 26 and reduced 37. The biggest buy was a new position in Grayscale Bitcoin Trust ETF (GBTC) and the biggest sale Quanta Services (PWR, shares −37%).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$474.4M (Q1 2025)
SEC Filing
0001172661-25-001745 ↗ filed May 13, 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 Q4 2024 Q1 2025: $474.4M $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 94 stocks · $474.4M
CHKP Check Point Software Tech 5.71% 118,850 $27.1M Reduce -1.3%
MSFT Microsoft Corp. 5.60% 70,758 $26.6M Reduce -3.4%
FISV Fiserv Inc. 5.05% 108,531 $24.0M Reduce -11.4%
WSM Williams-Sonoma Inc. 4.71% 141,471 $22.4M Reduce -10.1%
NDAQ Nasdaq Inc. 4.66% 291,301 $22.1M Reduce -1.2%
LOW Lowe's Cos Inc. 4.43% 90,111 $21.0M Reduce -1.1%
LH Labcorp Holdings Inc. 4.21% 85,901 $20.0M Add +1.7%
OMC Omnicom Group 3.87% 221,429 $18.4M Add +9.1%
KEYS Keysight Technologies Inc. 3.61% 114,501 $17.1M Add +1.3%
SNA Snap-on Inc. 3.57% 50,248 $16.9M Reduce -0.7%
UNH Unitedhealth Group Inc. 3.33% 30,157 $15.8M Add +8.6%
VRTX Vertex Pharmaceuticals Inc. 3.10% 30,328 $14.7M Reduce -2.4%
BR Broadridge Financial Solutio 3.06% 59,929 $14.5M Reduce -2.7%
WDAY Workday Inc. Class A 2.97% 60,278 $14.1M Add +1.4%
TMO Thermo Fisher Scientific Inc. 2.88% 27,504 $13.7M Reduce -0.9%
CB Chubb Ltd. 2.73% 42,891 $13.0M Add +1.6%
PWR Quanta Services Inc. 2.73% 50,939 $12.9M Reduce -36.5%
BDX Becton Dickinson and Co. 2.66% 55,146 $12.6M Add +11.9%
CRM Salesforce Inc. 2.61% 46,067 $12.4M Reduce -0.3%
PYPL PayPal Holdings Inc. 2.56% 185,781 $12.1M Add +4.5%
TFC Truist Financial Corp. 2.52% 290,974 $12.0M Add +3.6%
URI United Rentals Inc. 2.31% 17,482 $11.0M Reduce -38.4%
ACN Accenture PLC Class A 1.73% 26,270 $8.2M Reduce -0.9%
LULU Lululemon Athletica Inc. 1.68% 28,229 $8.0M Reduce -0.5%
HSY The Hershey Co. 1.59% 44,122 $7.5M Add +4.3%
JPM JPMorgan Chase & Co. 1.38% 26,675 $6.5M Reduce -39.3%
AAPL Apple Inc. 1.17% 25,043 $5.6M Reduce -3.3%
AMZN Amazon.com Inc. 1.16% 28,890 $5.5M Add +20.9%
GOOGL Alphabet Inc. Class A 0.95% 29,120 $4.5M Add +5.3%
GBTC Grayscale Bitcoin Trust ETF 0.61% 44,590 $2.9M New
SO The Southern Co. 0.59% 30,552 $2.8M Reduce -11.8%
GS Goldman Sachs Group Inc. 0.57% 4,938 $2.7M Add +518.8%
GLD SPDR Gold Shares 0.51% 8,410 $2.4M No change
HON Honeywell International Inc. 0.46% 10,253 $2.2M Add +49.6%
JNJ Johnson & Johnson 0.46% 13,063 $2.2M Reduce -0.2%
TT Trane Technologies PLC 0.41% 5,771 $1.9M No change
ISRG Intuitive Surgical Inc. 0.39% 3,740 $1.9M Reduce -0.7%
PFF iShares Preferred & Income S 0.38% 58,271 $1.8M Add +0.6%
IVV iShares Core S&P 500 ETF 0.38% 3,186 $1.8M Reduce -5.2%
WM Waste Management Inc. 0.37% 7,600 $1.8M Reduce -0.1%
INTU Intuit Inc. 0.28% 2,172 $1.3M Reduce -2.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.28% 15,628 $1.3M No change
ZBRA Zebra Technologies Corp. Class A 0.26% 4,355 $1.2M Add +13.0%
META Meta Platforms Inc. Class A 0.24% 1,986 $1.1M No change
DHR Danaher Corp. 0.22% 5,089 $1.0M No change
PEP Pepsico Inc. 0.22% 6,937 $1.0M Reduce -31.1%
VOO Vanguard S&P 500 ETF 0.19% 1,721 $884K No change
COST Costco Wholesale Corp. 0.18% 928 $878K Reduce -5.1%
AEM Agnico Eagle Mines Ltd. 0.18% 8,000 $867K No change
LLY Eli Lilly & Co. 0.18% 1,041 $860K Reduce -1.9%
FDX FedEx Corp. 0.18% 3,524 $859K Add +32.8%
PFE Pfizer Inc. 0.18% 33,130 $840K Reduce -0.2%
ABT Abbott Laboratories 0.17% 6,212 $824K No change
MRK Merck & Co. Inc. 0.16% 8,358 $750K Reduce -3.5%
UNP Union Pacific Corp. 0.15% 3,025 $715K No change
MRSH Marsh & McLennan Cos 0.15% 2,899 $708K No change
IJH iShares Core S&P Midcap ETF 0.14% 11,760 $686K Add +1.1%
CVX Chevron Corp. 0.14% 4,071 $681K Reduce -6.2%
XOM Exxon Mobil Corp. 0.14% 5,699 $678K Add +0.3%
HD Home Depot Inc. 0.13% 1,711 $627K Reduce -23.4%
AGI Alamos Gold Inc. Class A 0.13% 22,900 $612K No change
IJR iShares Core S&P Small-Cap E 0.13% 5,805 $607K Add +1.2%
ADP Automatic Data Processing 0.12% 1,841 $563K Reduce -15.8%
PLTR Palantir Technologies Inc. Class A 0.12% 6,600 $557K No change
AMP Ameriprise Financial Inc. 0.11% 1,085 $525K No change
PG The Procter & Gamble Co. 0.11% 3,081 $525K No change
WMT Walmart Inc. 0.11% 5,792 $508K No change
NEM Newmont Corp. 0.09% 9,000 $435K Reduce -5.3%
XYL Xylem Inc. 0.09% 3,575 $427K No change
PEG Public Service Enterprise GP 0.09% 5,131 $422K Reduce -1.0%
CSCO Cisco Systems Inc. 0.09% 6,586 $406K Add +3.7%
MET Metlife Inc. 0.09% 5,035 $404K Add +2.5%
NVDA Nvidia Corp. 0.08% 3,600 $390K Reduce -1.4%
COP Conocophillips 0.08% 3,568 $375K Reduce -0.9%
AMGN Amgen Inc. 0.08% 1,186 $369K Reduce -20.7%
ETN Eaton Corp. PLC 0.08% 1,314 $357K No change
RTX RTX Corp. 0.07% 2,520 $334K Add +6.9%
NVT Nvent Electric PLC 0.07% 6,211 $326K No change
BTC Grayscale Bitcoin Mini ETF 0.07% 8,918 $325K No change
BGH Barings GLBL SHRT Dur Hi YLD 0.07% 21,304 $322K Add +1.2%
FTV Fortive Corp. 0.06% 4,125 $302K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 2,835 $280K Add +3.7%
NFLX Netflix Inc. 0.06% 300 $280K No change
ABBV Abbvie Inc. 0.06% 1,299 $272K Reduce -33.9%
GOOG Alphabet Inc. Class C 0.06% 1,712 $267K No change
PNC PNC Financial Services Group 0.06% 1,510 $265K Add +9.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 420 $235K No change
PGF Invesco Financial Preferred 0.05% 16,203 $231K No change
HL Hecla Mining Co. 0.05% 40,000 $222K No change
USB US Bancorp 0.04% 5,000 $211K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 825 $205K New
KO The Coca-Cola Co. 0.04% 2,861 $205K New
ED Consolidated Edison Inc. 0.04% 1,825 $202K New
VUZI Vuzix Corp. 0.01% 23,000 $47K No change

Portfolio Sells Q4 2024 → Q1 2025
PWR Quanta Services Inc. Reduce -36.5% 2.73% −2.24
URI United Rentals Inc. Reduce -38.4% 2.31% −1.61
WSM Williams-Sonoma Inc. Reduce -10.1% 4.71% −1.00
JPM JPMorgan Chase & Co. Reduce -39.3% 1.38% −0.68
MSFT Microsoft Corp. Reduce -3.4% 5.60% −0.46
LULU Lululemon Athletica Inc. Reduce -0.5% 1.68% −0.44
CRM Salesforce Inc. Reduce -0.3% 2.61% −0.42
ACN Accenture PLC Class A Reduce -0.9% 1.73% −0.10
AAPL Apple Inc. Reduce -3.3% 1.17% −0.10
PEP Pepsico Inc. Reduce -31.1% 0.22% −0.08
AVGO Broadcom Inc. Sold out 0.00% −0.07
HD Home Depot Inc. Reduce -23.4% 0.13% −0.04
NVDA Nvidia Corp. Reduce -1.4% 0.08% −0.01
ABBV Abbvie Inc. Reduce -33.9% 0.06% −0.01
MRK Merck & Co. Inc. Reduce -3.5% 0.16% −0.01
IVV iShares Core S&P 500 ETF Reduce -5.2% 0.38% −0.01
ADP Automatic Data Processing Reduce -15.8% 0.12% −0.01
AMGN Amgen Inc. Reduce -20.7% 0.08% +0.00
PEG Public Service Enterprise GP Reduce -1.0% 0.09% +0.00
PFE Pfizer Inc. Reduce -0.2% 0.18% +0.00
ISRG Intuitive Surgical Inc. Reduce -0.7% 0.39% +0.01
INTU Intuit Inc. Reduce -2.3% 0.28% +0.01
COP Conocophillips Reduce -0.9% 0.08% +0.01
COST Costco Wholesale Corp. Reduce -5.1% 0.18% +0.01
CVX Chevron Corp. Reduce -6.2% 0.14% +0.02
LLY Eli Lilly & Co. Reduce -1.9% 0.18% +0.02
LOW Lowe's Cos Inc. Reduce -1.1% 4.43% +0.02
NEM Newmont Corp. Reduce -5.3% 0.09% +0.02
SO The Southern Co. Reduce -11.8% 0.59% +0.03
TMO Thermo Fisher Scientific Inc. Reduce -0.9% 2.88% +0.05
WM Waste Management Inc. Reduce -0.1% 0.37% +0.07
JNJ Johnson & Johnson Reduce -0.2% 0.46% +0.09
FISV Fiserv Inc. Reduce -11.4% 5.05% +0.12
NDAQ Nasdaq Inc. Reduce -1.2% 4.66% +0.19
SNA Snap-on Inc. Reduce -0.7% 3.57% +0.20
BR Broadridge Financial Solutio Reduce -2.7% 3.06% +0.33
VRTX Vertex Pharmaceuticals Inc. Reduce -2.4% 3.10% +0.65
CHKP Check Point Software Tech Reduce -1.3% 5.71% +1.30

Portfolio Buys Q4 2024 → Q1 2025
GBTC Grayscale Bitcoin Trust ETF New 0.61% +0.61
UNH Unitedhealth Group Inc. Add +8.6% 3.33% +0.58
GS Goldman Sachs Group Inc. Add +518.8% 0.57% +0.48
BDX Becton Dickinson and Co. Add +11.9% 2.66% +0.47
OMC Omnicom Group Add +9.1% 3.87% +0.44
CB Chubb Ltd. Add +1.6% 2.73% +0.44
LH Labcorp Holdings Inc. Add +1.7% 4.21% +0.42
HSY The Hershey Co. Add +4.3% 1.59% +0.19
HON Honeywell International Inc. Add +49.6% 0.46% +0.15
TFC Truist Financial Corp. Add +3.6% 2.52% +0.14
AMZN Amazon.com Inc. Add +20.9% 1.16% +0.13
KEYS Keysight Technologies Inc. Add +1.3% 3.61% +0.05
IBM Intl Business Machines Corp. New 0.04% +0.04
KO The Coca-Cola Co. New 0.04% +0.04
ED Consolidated Edison Inc. New 0.04% +0.04
FDX FedEx Corp. Add +32.8% 0.18% +0.03
XOM Exxon Mobil Corp. Add +0.3% 0.14% +0.02
PFF iShares Preferred & Income S Add +0.6% 0.38% +0.02
RTX RTX Corp. Add +6.9% 0.07% +0.02
CSCO Cisco Systems Inc. Add +3.7% 0.09% +0.01
MET Metlife Inc. Add +2.5% 0.09% +0.01
BGH Barings GLBL SHRT Dur Hi YLD Add +1.2% 0.07% +0.00
PNC PNC Financial Services Group Add +9.6% 0.06% +0.00
IJH iShares Core S&P Midcap ETF Add +1.1% 0.14% +0.00
DIS The Walt Disney Co. Add +3.7% 0.06% −0.00
IJR iShares Core S&P Small-Cap E Add +1.2% 0.13% −0.00
ZBRA Zebra Technologies Corp. Class A Add +13.0% 0.26% −0.03
WDAY Workday Inc. Class A Add +1.4% 2.97% −0.04
GOOGL Alphabet Inc. Class A Add +5.3% 0.95% −0.08
PYPL PayPal Holdings Inc. Add +4.5% 2.56% −0.42

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