McRae Capital Management Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), McRae Capital Management Inc. reported 103 stock positions worth $503.8 million. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Williams-Sonoma (WSM, 5.2%) and Nasdaq (NDAQ, 4.9%). Compared with Q2 2025, it opened 4 new positions, sold out of 3, added to 31 and reduced 36. The biggest buy was Alphabet Class A (GOOGL, shares +16%) and the biggest sale an exit from Lululemon Athletica (LULU).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$503.8M (Q3 2025)
SEC Filing
0001172661-25-004636 ↗ filed Nov 7, 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 Q2 2025 Q3 2025: $503.8M $503.8M Q3 2025 Q4 2025: $489.9M Q4 2025 Q1 2026: $482.1M Q1 2026 Q2 2026: $508.1M Q2 2026

Holdings 103 stocks · $503.8M
MSFT Microsoft Corp. 6.77% 65,863 $34.1M Reduce -4.3%
WSM Williams-Sonoma Inc. 5.21% 134,346 $26.3M Reduce -5.0%
NDAQ Nasdaq Inc. 4.90% 279,257 $24.7M Reduce -3.1%
LH Labcorp Holdings Inc. 4.81% 84,471 $24.2M Reduce -1.1%
CHKP Check Point Software Tech 4.71% 114,765 $23.7M Reduce -2.2%
LOW Lowe's Cos Inc. 4.42% 88,571 $22.3M Reduce -0.7%
KEYS Keysight Technologies Inc. 3.92% 112,926 $19.8M Reduce -1.9%
PWR Quanta Services Inc. 3.64% 44,304 $18.4M Reduce -11.8%
SNA Snap-on Inc. 3.53% 51,263 $17.8M Reduce -1.0%
OMC Omnicom Group 3.49% 215,629 $17.6M Reduce -0.0%
FISV Fiserv Inc. 3.39% 132,651 $17.1M Add +4.4%
URI United Rentals Inc. 3.15% 16,632 $15.9M Reduce -3.8%
WDAY Workday Inc. Class A 3.05% 63,764 $15.3M Add +3.1%
TMO Thermo Fisher Scientific Inc. 2.96% 30,768 $14.9M Reduce -0.1%
TFC Truist Financial Corp. 2.75% 302,859 $13.8M Add +0.3%
BR Broadridge Financial Solutio 2.73% 57,779 $13.8M Reduce -1.4%
VRTX Vertex Pharmaceuticals Inc. 2.58% 33,159 $13.0M Add +8.9%
GOOGL Alphabet Inc. Class A 2.55% 52,778 $12.8M Add +15.8%
CRM Salesforce Inc. 2.52% 53,572 $12.7M Add +1.0%
PYPL PayPal Holdings Inc. 2.49% 187,395 $12.6M Reduce -0.5%
CB Chubb Ltd. 2.48% 44,236 $12.5M Add +0.9%
ACN Accenture PLC Class A 2.18% 44,545 $11.0M Add +59.2%
BDX Becton Dickinson and Co. 1.86% 49,935 $9.3M Add +2.6%
UNH Unitedhealth Group Inc. 1.81% 26,374 $9.1M Add +12.6%
JPM JPMorgan Chase & Co. 1.64% 26,147 $8.2M Reduce -1.1%
AMZN Amazon.com Inc. 1.38% 31,747 $7.0M Reduce -0.5%
AAPL Apple Inc. 1.24% 24,544 $6.2M Reduce -1.8%
GS Goldman Sachs Group Inc. 1.16% 7,338 $5.8M Reduce -2.9%
INSM Insmed Inc. 0.78% 27,195 $3.9M New
GLD SPDR Gold Shares 0.60% 8,460 $3.0M No change
SO The Southern Co. 0.57% 30,556 $2.9M Add +0.0%
GBTC Grayscale Bitcoin Trust ETF 0.55% 30,940 $2.8M No change
JNJ Johnson & Johnson 0.46% 12,588 $2.3M Add +0.3%
TT Trane Technologies PLC 0.46% 5,471 $2.3M Reduce -3.5%
HON Honeywell International Inc. 0.44% 10,428 $2.2M Add +0.3%
IVV iShares Core S&P 500 ETF 0.38% 2,879 $1.9M Add +3.4%
PFF iShares Preferred & Income S 0.37% 58,949 $1.9M Reduce -0.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.34% 15,663 $1.7M Add +0.2%
WM Waste Management Inc. 0.33% 7,613 $1.7M Add +0.2%
META Meta Platforms Inc. Class A 0.32% 2,201 $1.6M Add +4.8%
INTU Intuit Inc. 0.30% 2,177 $1.5M Reduce -0.5%
ISRG Intuitive Surgical Inc. 0.26% 2,940 $1.3M No change
ZBRA Zebra Technologies Corp. Class A 0.26% 4,325 $1.3M Reduce -0.7%
FMDE Fidelity Enhanced Mid Cap Co. 0.24% 33,014 $1.2M Add +4.0%
AEM Agnico Eagle Mines Ltd. 0.23% 7,000 $1.2M No change
PLTR Palantir Technologies Inc. Class A 0.23% 6,450 $1.2M No change
FTEC Fidelity MSCI Info Tech Indx 0.20% 4,590 $1.0M Add +2.4%
VOO Vanguard S&P 500 ETF 0.19% 1,553 $951K Reduce -9.8%
COST Costco Wholesale Corp. 0.17% 928 $859K No change
FDX FedEx Corp. 0.16% 3,524 $831K No change
AGI Alamos Gold Inc. Class A 0.16% 22,900 $798K No change
HD Home Depot Inc. 0.15% 1,886 $764K Add +8.6%
NEM Newmont Corp. 0.15% 9,000 $759K No change
PFE Pfizer Inc. 0.15% 29,330 $747K Reduce -10.7%
PEP Pepsico Inc. 0.15% 5,287 $743K Reduce -7.0%
MRK Merck & Co. Inc. 0.14% 8,558 $718K No change
UNP Union Pacific Corp. 0.14% 3,025 $715K No change
NVDA Nvidia Corp. 0.14% 3,680 $687K Add +2.2%
XOM Exxon Mobil Corp. 0.13% 5,699 $643K No change
LLY Eli Lilly & Co. 0.13% 836 $638K Reduce -10.7%
FESM Fidelity Enhanced Small Cap 0.12% 16,897 $618K Add +5.0%
NVT Nvent Electric PLC 0.12% 6,211 $613K No change
CVX Chevron Corp. 0.12% 3,921 $609K Reduce -3.7%
IJH iShares Core S&P Midcap ETF 0.12% 9,208 $601K Reduce -2.3%
WMT Walmart Inc. 0.12% 5,792 $597K No change
DHR Danaher Corp. 0.12% 2,939 $583K Reduce -23.4%
AMP Ameriprise Financial Inc. 0.11% 1,135 $558K No change
MRSH Marsh & McLennan Cos 0.11% 2,764 $557K Reduce -3.0%
ABT Abbott Laboratories 0.11% 4,000 $536K No change
XYL Xylem Inc. 0.10% 3,575 $527K No change
IJR iShares Core S&P Small-Cap E 0.10% 4,340 $516K Add +0.3%
ADP Automatic Data Processing 0.10% 1,694 $497K Reduce -9.6%
ETN Eaton Corp. PLC 0.10% 1,300 $487K Reduce -1.1%
FHLC Fidelity MSCI Health Care 0.10% 7,244 $484K Add +4.2%
FNCL Fidelity MSCI Financial Indx 0.10% 6,312 $482K Add +3.3%
PG The Procter & Gamble Co. 0.09% 2,981 $458K No change
BTC Grayscale Bitcoin Mini ETF 0.09% 8,918 $452K No change
CSCO Cisco Systems Inc. 0.09% 6,586 $451K No change
FIDU Fidelity MSCI Indust Indx 0.09% 5,272 $432K Add +2.9%
PEG Public Service Enterprise GP 0.08% 5,101 $426K No change
GOOG Alphabet Inc. Class C 0.08% 1,712 $417K No change
MET Metlife Inc. 0.08% 5,035 $415K No change
RTX RTX Corp. 0.08% 2,420 $405K No change
AVGO Broadcom Inc. 0.08% 1,200 $396K Add +20.0%
NFLX Netflix Inc. 0.07% 300 $360K No change
FDIS Fidelity MSCI Cons Discr Ind 0.07% 3,337 $343K Add +3.0%
BGH Barings GLBL SHRT Dur Hi YLD 0.07% 22,002 $340K Add +2.0%
AMGN Amgen Inc. 0.07% 1,186 $335K No change
PNC PNC Financial Services Group 0.06% 1,510 $303K No change
ABBV Abbvie Inc. 0.06% 1,299 $301K No change
TOWN Towne Bank 0.06% 8,574 $296K New
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 427 $284K Add +1.7%
COP Conocophillips 0.05% 2,768 $262K Reduce -22.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 2,245 $257K Reduce -21.1%
ORCL Oracle Corp. 0.05% 875 $246K Reduce -11.9%
USB US Bancorp 0.05% 5,000 $242K No change
PGF Invesco Financial Preferred 0.05% 16,203 $237K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 825 $233K No change
FCOM Fidelity MSCI Comm Serv Indx 0.04% 3,190 $226K Add +2.4%
PFS Provident Financial Services 0.04% 11,724 $226K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 4,071 $210K New
XLK SS Technology Select Sector 0.04% 729 $206K Reduce -12.1%
VUZI Vuzix Corp. 0.01% 23,000 $72K No change

Portfolio Sells Q2 2025 → Q3 2025
LULU Lululemon Athletica Inc. Sold out 0.00% −1.88
CHKP Check Point Software Tech Reduce -2.2% 4.71% −0.60
NDAQ Nasdaq Inc. Reduce -3.1% 4.90% −0.37
PYPL PayPal Holdings Inc. Reduce -0.5% 2.49% −0.37
PWR Quanta Services Inc. Reduce -11.8% 3.64% −0.24
MSFT Microsoft Corp. Reduce -4.3% 6.77% −0.24
BR Broadridge Financial Solutio Reduce -1.4% 2.73% −0.19
INTU Intuit Inc. Reduce -0.5% 0.30% −0.06
OPOF Old Point Financial Corp. Sold out 0.00% −0.05
TT Trane Technologies PLC Reduce -3.5% 0.46% −0.05
AMZN Amazon.com Inc. Reduce -0.5% 1.38% −0.05
KO The Coca-Cola Co. Sold out 0.00% −0.04
DHR Danaher Corp. Reduce -23.4% 0.12% −0.04
LLY Eli Lilly & Co. Reduce -10.7% 0.13% −0.02
DIS The Walt Disney Co. Reduce -21.1% 0.05% −0.02
ZBRA Zebra Technologies Corp. Class A Reduce -0.7% 0.26% −0.02
ADP Automatic Data Processing Reduce -9.6% 0.10% −0.02
MRSH Marsh & McLennan Cos Reduce -3.0% 0.11% −0.02
PFE Pfizer Inc. Reduce -10.7% 0.15% −0.01
COP Conocophillips Reduce -22.4% 0.05% −0.01
VOO Vanguard S&P 500 ETF Reduce -9.8% 0.19% −0.01
PEP Pepsico Inc. Reduce -7.0% 0.15% −0.01
XLK SS Technology Select Sector Reduce -12.1% 0.04% −0.00
PFF iShares Preferred & Income S Reduce -0.2% 0.37% −0.00
IJH iShares Core S&P Midcap ETF Reduce -2.3% 0.12% −0.00
ETN Eaton Corp. PLC Reduce -1.1% 0.10% +0.00
CVX Chevron Corp. Reduce -3.7% 0.12% +0.00
ORCL Oracle Corp. Reduce -11.9% 0.05% +0.00
KEYS Keysight Technologies Inc. Reduce -1.9% 3.92% +0.06
GS Goldman Sachs Group Inc. Reduce -2.9% 1.16% +0.07
JPM JPMorgan Chase & Co. Reduce -1.1% 1.64% +0.07
AAPL Apple Inc. Reduce -1.8% 1.24% +0.19
LH Labcorp Holdings Inc. Reduce -1.1% 4.81% +0.22
SNA Snap-on Inc. Reduce -1.0% 3.53% +0.23
OMC Omnicom Group Reduce -0.0% 3.49% +0.31
LOW Lowe's Cos Inc. Reduce -0.7% 4.42% +0.37
TMO Thermo Fisher Scientific Inc. Reduce -0.1% 2.96% +0.41
WSM Williams-Sonoma Inc. Reduce -5.0% 5.21% +0.48
URI United Rentals Inc. Reduce -3.8% 3.15% +0.49

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A Add +15.8% 2.55% +0.90
INSM Insmed Inc. New 0.78% +0.78
ACN Accenture PLC Class A Add +59.2% 2.18% +0.47
UNH Unitedhealth Group Inc. Add +12.6% 1.81% +0.31
BDX Becton Dickinson and Co. Add +2.6% 1.86% +0.14
TFC Truist Financial Corp. Add +0.3% 2.75% +0.09
JNJ Johnson & Johnson Add +0.3% 0.46% +0.07
TOWN Towne Bank New 0.06% +0.06
BNY Bank of New York Mellon Corp. Add +0.2% 0.34% +0.05
PFS Provident Financial Services New 0.04% +0.04
BAC Bank of America Corp. New 0.04% +0.04
IVV iShares Core S&P 500 ETF Add +3.4% 0.38% +0.03
AVGO Broadcom Inc. Add +20.0% 0.08% +0.02
HD Home Depot Inc. Add +8.6% 0.15% +0.02
FTEC Fidelity MSCI Info Tech Indx Add +2.4% 0.20% +0.02
NVDA Nvidia Corp. Add +2.2% 0.14% +0.02
FESM Fidelity Enhanced Small Cap Add +5.0% 0.12% +0.02
FMDE Fidelity Enhanced Mid Cap Co. Add +4.0% 0.24% +0.01
WDAY Workday Inc. Class A Add +3.1% 3.05% +0.01
FDIS Fidelity MSCI Cons Discr Ind Add +3.0% 0.07% +0.01
IJR iShares Core S&P Small-Cap E Add +0.3% 0.10% +0.01
FHLC Fidelity MSCI Health Care Add +4.2% 0.10% +0.01
FIDU Fidelity MSCI Indust Indx Add +2.9% 0.09% +0.00
FCOM Fidelity MSCI Comm Serv Indx Add +2.4% 0.04% +0.00
META Meta Platforms Inc. Class A Add +4.8% 0.32% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +1.7% 0.06% +0.00
FNCL Fidelity MSCI Financial Indx Add +3.3% 0.10% +0.00
SO The Southern Co. Add +0.0% 0.57% +0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +2.0% 0.07% −0.00
WM Waste Management Inc. Add +0.2% 0.33% −0.02
HON Honeywell International Inc. Add +0.3% 0.44% −0.06
CB Chubb Ltd. Add +0.9% 2.48% −0.12
VRTX Vertex Pharmaceuticals Inc. Add +8.9% 2.58% −0.20
CRM Salesforce Inc. Add +1.0% 2.52% −0.44
FISV Fiserv Inc. Add +4.4% 3.39% −1.09

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