McRae Capital Management Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 6, 2025), McRae Capital Management Inc. reported 102 stock positions worth $488.4 million. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Check Point Software Tech (CHKP, 5.3%) and Nasdaq (NDAQ, 5.3%). Compared with Q1 2025, it opened 12 new positions, sold out of 4, added to 26 and reduced 33. The biggest buy was Alphabet Class A (GOOGL, shares +57%) and the biggest sale Unitedhealth (UNH, shares −22%).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$488.4M (Q2 2025)
SEC Filing
0001172661-25-002911 ↗ filed Aug 6, 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 Q1 2025 Q2 2025: $488.4M $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 102 stocks · $488.4M
MSFT Microsoft Corp. 7.01% 68,843 $34.2M Reduce -2.7%
CHKP Check Point Software Tech 5.31% 117,320 $26.0M Reduce -1.3%
NDAQ Nasdaq Inc. 5.28% 288,161 $25.8M Reduce -1.1%
WSM Williams-Sonoma Inc. 4.73% 141,346 $23.1M Reduce -0.1%
LH Labcorp Holdings Inc. 4.59% 85,391 $22.4M Reduce -0.6%
FISV Fiserv Inc. 4.48% 127,031 $21.9M Add +17.1%
LOW Lowe's Cos Inc. 4.05% 89,196 $19.8M Reduce -1.0%
PWR Quanta Services Inc. 3.89% 50,244 $19.0M Reduce -1.4%
KEYS Keysight Technologies Inc. 3.86% 115,126 $18.9M Add +0.6%
SNA Snap-on Inc. 3.30% 51,778 $16.1M Add +3.0%
OMC Omnicom Group 3.18% 215,689 $15.5M Reduce -2.6%
WDAY Workday Inc. Class A 3.04% 61,819 $14.8M Add +2.6%
CRM Salesforce Inc. 2.96% 53,042 $14.5M Add +15.1%
BR Broadridge Financial Solutio 2.92% 58,629 $14.2M Reduce -2.2%
PYPL PayPal Holdings Inc. 2.87% 188,290 $14.0M Add +1.4%
VRTX Vertex Pharmaceuticals Inc. 2.78% 30,453 $13.6M Add +0.4%
URI United Rentals Inc. 2.67% 17,282 $13.0M Reduce -1.1%
TFC Truist Financial Corp. 2.66% 302,079 $13.0M Add +3.8%
CB Chubb Ltd. 2.60% 43,846 $12.7M Add +2.2%
TMO Thermo Fisher Scientific Inc. 2.56% 30,793 $12.5M Add +12.0%
LULU Lululemon Athletica Inc. 1.88% 38,644 $9.2M Add +36.9%
BDX Becton Dickinson and Co. 1.72% 48,671 $8.4M Reduce -11.7%
ACN Accenture PLC Class A 1.71% 27,985 $8.4M Add +6.5%
GOOGL Alphabet Inc. Class A 1.65% 45,598 $8.0M Add +56.6%
JPM JPMorgan Chase & Co. 1.57% 26,452 $7.7M Reduce -0.8%
UNH Unitedhealth Group Inc. 1.50% 23,424 $7.3M Reduce -22.3%
AMZN Amazon.com Inc. 1.43% 31,892 $7.0M Add +10.4%
GS Goldman Sachs Group Inc. 1.09% 7,553 $5.3M Add +53.0%
AAPL Apple Inc. 1.05% 24,994 $5.1M Reduce -0.2%
SO The Southern Co. 0.57% 30,552 $2.8M No change
GBTC Grayscale Bitcoin Trust ETF 0.54% 30,940 $2.6M Reduce -30.6%
GLD SPDR Gold Shares 0.53% 8,460 $2.6M Add +0.6%
TT Trane Technologies PLC 0.51% 5,671 $2.5M Reduce -1.7%
HON Honeywell International Inc. 0.50% 10,398 $2.4M Add +1.4%
JNJ Johnson & Johnson 0.39% 12,548 $1.9M Reduce -3.9%
PFF iShares Preferred & Income S 0.37% 59,046 $1.8M Add +1.3%
WM Waste Management Inc. 0.36% 7,595 $1.7M Reduce -0.1%
IVV iShares Core S&P 500 ETF 0.35% 2,784 $1.7M Reduce -12.6%
INTU Intuit Inc. 0.35% 2,187 $1.7M Add +0.7%
ISRG Intuitive Surgical Inc. 0.33% 2,940 $1.6M Reduce -21.4%
META Meta Platforms Inc. Class A 0.32% 2,101 $1.6M Add +5.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.29% 15,628 $1.4M No change
ZBRA Zebra Technologies Corp. Class A 0.28% 4,355 $1.3M No change
FMDE Fidelity Enhanced Mid Cap Co. 0.22% 31,737 $1.1M New
VOO Vanguard S&P 500 ETF 0.20% 1,721 $978K No change
COST Costco Wholesale Corp. 0.19% 928 $919K No change
FTEC Fidelity MSCI Info Tech Indx 0.18% 4,484 $884K New
PLTR Palantir Technologies Inc. Class A 0.18% 6,450 $879K Reduce -2.3%
AEM Agnico Eagle Mines Ltd. 0.17% 7,000 $833K Reduce -12.5%
FDX FedEx Corp. 0.16% 3,524 $801K No change
PFE Pfizer Inc. 0.16% 32,830 $796K Reduce -0.9%
DHR Danaher Corp. 0.16% 3,839 $758K Reduce -24.6%
PEP Pepsico Inc. 0.15% 5,687 $751K Reduce -18.0%
LLY Eli Lilly & Co. 0.15% 936 $730K Reduce -10.1%
UNP Union Pacific Corp. 0.14% 3,025 $696K No change
MRK Merck & Co. Inc. 0.14% 8,558 $677K Add +2.4%
HD Home Depot Inc. 0.13% 1,736 $636K Add +1.5%
MRSH Marsh & McLennan Cos 0.13% 2,849 $623K Reduce -1.7%
XOM Exxon Mobil Corp. 0.13% 5,699 $614K No change
AGI Alamos Gold Inc. Class A 0.12% 22,900 $608K No change
AMP Ameriprise Financial Inc. 0.12% 1,135 $606K Add +4.6%
IJH iShares Core S&P Midcap ETF 0.12% 9,423 $584K Reduce -19.9%
CVX Chevron Corp. 0.12% 4,071 $583K No change
ADP Automatic Data Processing 0.12% 1,874 $578K Add +1.8%
NVDA Nvidia Corp. 0.12% 3,600 $569K No change
WMT Walmart Inc. 0.12% 5,792 $566K No change
ABT Abbott Laboratories 0.11% 4,000 $544K Reduce -35.6%
NEM Newmont Corp. 0.11% 9,000 $524K No change
FESM Fidelity Enhanced Small Cap 0.11% 16,095 $515K New
PG The Procter & Gamble Co. 0.10% 2,981 $475K Reduce -3.3%
IJR iShares Core S&P Small-Cap E 0.10% 4,327 $473K Reduce -25.5%
ETN Eaton Corp. PLC 0.10% 1,314 $469K No change
XYL Xylem Inc. 0.09% 3,575 $463K No change
CSCO Cisco Systems Inc. 0.09% 6,586 $457K No change
NVT Nvent Electric PLC 0.09% 6,211 $455K No change
FNCL Fidelity MSCI Financial Indx 0.09% 6,110 $452K New
FHLC Fidelity MSCI Health Care 0.09% 6,954 $445K New
PEG Public Service Enterprise GP 0.09% 5,101 $429K Reduce -0.6%
BTC Grayscale Bitcoin Mini ETF 0.09% 8,918 $426K No change
MET Metlife Inc. 0.08% 5,035 $405K No change
NFLX Netflix Inc. 0.08% 300 $402K No change
FIDU Fidelity MSCI Indust Indx 0.08% 5,123 $397K New
RTX RTX Corp. 0.07% 2,420 $353K Reduce -4.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 2,845 $353K Add +0.3%
BGH Barings GLBL SHRT Dur Hi YLD 0.07% 21,576 $332K Add +1.3%
AMGN Amgen Inc. 0.07% 1,186 $331K No change
COP Conocophillips 0.07% 3,568 $320K No change
FDIS Fidelity MSCI Cons Discr Ind 0.06% 3,239 $305K New
GOOG Alphabet Inc. Class C 0.06% 1,712 $304K No change
PNC PNC Financial Services Group 0.06% 1,510 $282K No change
AVGO Broadcom Inc. 0.06% 1,000 $276K New
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 420 $259K No change
OPOF Old Point Financial Corp. filed as OLD PT FINANCIAL CORPORATION 0.05% 6,331 $248K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 825 $243K No change
ABBV Abbvie Inc. 0.05% 1,299 $241K No change
PGF Invesco Financial Preferred 0.05% 16,203 $229K No change
USB US Bancorp 0.05% 5,000 $226K No change
ORCL Oracle Corp. 0.04% 993 $217K New
XLK SS Technology Select Sector 0.04% 829 $210K New
KO The Coca-Cola Co. 0.04% 2,861 $202K No change
FCOM Fidelity MSCI Comm Serv Indx 0.04% 3,116 $202K New
VUZI Vuzix Corp. 0.01% 23,000 $67K No change

Portfolio Sells Q1 2025 → Q2 2025
UNH Unitedhealth Group Inc. Reduce -22.3% 1.50% −1.83
HSY The Hershey Co. Sold out 0.00% −1.59
BDX Becton Dickinson and Co. Reduce -11.7% 1.72% −0.95
OMC Omnicom Group Reduce -2.6% 3.18% −0.69
CHKP Check Point Software Tech Reduce -1.3% 5.31% −0.40
LOW Lowe's Cos Inc. Reduce -1.0% 4.05% −0.38
BR Broadridge Financial Solutio Reduce -2.2% 2.92% −0.15
AAPL Apple Inc. Reduce -0.2% 1.05% −0.12
GBTC Grayscale Bitcoin Trust ETF Reduce -30.6% 0.54% −0.08
PEP Pepsico Inc. Reduce -18.0% 0.15% −0.07
DHR Danaher Corp. Reduce -24.6% 0.16% −0.06
JNJ Johnson & Johnson Reduce -3.9% 0.39% −0.06
FTV Fortive Corp. Sold out 0.00% −0.06
ISRG Intuitive Surgical Inc. Reduce -21.4% 0.33% −0.06
ABT Abbott Laboratories Reduce -35.6% 0.11% −0.06
HL Hecla Mining Co. Sold out 0.00% −0.05
ED Consolidated Edison Inc. Sold out 0.00% −0.04
LLY Eli Lilly & Co. Reduce -10.1% 0.15% −0.03
IJR iShares Core S&P Small-Cap E Reduce -25.5% 0.10% −0.03
IJH iShares Core S&P Midcap ETF Reduce -19.9% 0.12% −0.03
IVV iShares Core S&P 500 ETF Reduce -12.6% 0.35% −0.02
MRSH Marsh & McLennan Cos Reduce -1.7% 0.13% −0.02
WM Waste Management Inc. Reduce -0.1% 0.36% −0.02
PFE Pfizer Inc. Reduce -0.9% 0.16% −0.01
PG The Procter & Gamble Co. Reduce -3.3% 0.10% −0.01
AEM Agnico Eagle Mines Ltd. Reduce -12.5% 0.17% −0.01
PEG Public Service Enterprise GP Reduce -0.6% 0.09% −0.00
RTX RTX Corp. Reduce -4.0% 0.07% +0.00
WSM Williams-Sonoma Inc. Reduce -0.1% 4.73% +0.01
PLTR Palantir Technologies Inc. Class A Reduce -2.3% 0.18% +0.06
TT Trane Technologies PLC Reduce -1.7% 0.51% +0.10
JPM JPMorgan Chase & Co. Reduce -0.8% 1.57% +0.19
URI United Rentals Inc. Reduce -1.1% 2.67% +0.36
LH Labcorp Holdings Inc. Reduce -0.6% 4.59% +0.38
NDAQ Nasdaq Inc. Reduce -1.1% 5.28% +0.62
PWR Quanta Services Inc. Reduce -1.4% 3.89% +1.16
MSFT Microsoft Corp. Reduce -2.7% 7.01% +1.41

Portfolio Buys Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Add +56.6% 1.65% +0.70
GS Goldman Sachs Group Inc. Add +53.0% 1.09% +0.53
CRM Salesforce Inc. Add +15.1% 2.96% +0.36
PYPL PayPal Holdings Inc. Add +1.4% 2.87% +0.31
AMZN Amazon.com Inc. Add +10.4% 1.43% +0.27
KEYS Keysight Technologies Inc. Add +0.6% 3.86% +0.25
FMDE Fidelity Enhanced Mid Cap Co. New 0.22% +0.22
LULU Lululemon Athletica Inc. Add +36.9% 1.88% +0.20
FTEC Fidelity MSCI Info Tech Indx New 0.18% +0.18
TFC Truist Financial Corp. Add +3.8% 2.66% +0.14
FESM Fidelity Enhanced Small Cap New 0.11% +0.11
FNCL Fidelity MSCI Financial Indx New 0.09% +0.09
FHLC Fidelity MSCI Health Care New 0.09% +0.09
FIDU Fidelity MSCI Indust Indx New 0.08% +0.08
META Meta Platforms Inc. Class A Add +5.8% 0.32% +0.08
INTU Intuit Inc. Add +0.7% 0.35% +0.07
WDAY Workday Inc. Class A Add +2.6% 3.04% +0.07
FDIS Fidelity MSCI Cons Discr Ind New 0.06% +0.06
AVGO Broadcom Inc. New 0.06% +0.06
OPOF Old Point Financial Corp. New 0.05% +0.05
ORCL Oracle Corp. New 0.04% +0.04
XLK SS Technology Select Sector New 0.04% +0.04
FCOM Fidelity MSCI Comm Serv Indx New 0.04% +0.04
HON Honeywell International Inc. Add +1.4% 0.50% +0.04
GLD SPDR Gold Shares Add +0.6% 0.53% +0.02
AMP Ameriprise Financial Inc. Add +4.6% 0.12% +0.01
DIS The Walt Disney Co. Add +0.3% 0.07% +0.01
BGH Barings GLBL SHRT Dur Hi YLD Add +1.3% 0.07% +0.00
ADP Automatic Data Processing Add +1.8% 0.12% −0.00
HD Home Depot Inc. Add +1.5% 0.13% −0.00
PFF iShares Preferred & Income S Add +1.3% 0.37% −0.01
ACN Accenture PLC Class A Add +6.5% 1.71% −0.02
MRK Merck & Co. Inc. Add +2.4% 0.14% −0.02
CB Chubb Ltd. Add +2.2% 2.60% −0.13
SNA Snap-on Inc. Add +3.0% 3.30% −0.27
VRTX Vertex Pharmaceuticals Inc. Add +0.4% 2.78% −0.32
TMO Thermo Fisher Scientific Inc. Add +12.0% 2.56% −0.33
FISV Fiserv Inc. Add +17.1% 4.48% −0.57

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