McRae Capital Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), McRae Capital Management Inc. reported 103 stock positions worth $489.9 million. Its top holding was Microsoft (MSFT) at 6.3% of the portfolio, followed by Nasdaq (NDAQ, 5.3%) and Williams-Sonoma (WSM, 4.6%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 19 and reduced 65. The biggest buy was Salesforce (CRM, shares +15%) and the biggest sale Fiserv (FISV, shares −30%).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$489.9M (Q4 2025)
SEC Filing
0001172661-26-000600 ↗ filed Feb 11, 2026

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 Q3 2025 Q4 2025: $489.9M $489.9M Q4 2025 Q1 2026: $482.1M Q1 2026 Q2 2026: $508.1M Q2 2026

Holdings 103 stocks · $489.9M
MSFT Microsoft Corp. 6.29% 63,734 $30.8M Reduce -3.2%
NDAQ Nasdaq Inc. 5.34% 269,375 $26.2M Reduce -3.5%
WSM Williams-Sonoma Inc. 4.63% 126,879 $22.7M Reduce -5.6%
KEYS Keysight Technologies Inc. 4.44% 106,956 $21.7M Reduce -5.3%
LH Labcorp Holdings Inc. 4.34% 84,697 $21.2M Add +0.3%
CHKP Check Point Software Tech 4.26% 112,528 $20.9M Reduce -1.9%
LOW Lowe's Cos Inc. 4.26% 86,576 $20.9M Reduce -2.3%
OMC Omnicom Group 3.72% 225,461 $18.2M Add +4.6%
SNA Snap-on Inc. 3.47% 49,361 $17.0M Reduce -3.7%
TMO Thermo Fisher Scientific Inc. 3.45% 29,203 $16.9M Reduce -5.1%
CRM Salesforce Inc. 3.34% 61,852 $16.4M Add +15.5%
PWR Quanta Services Inc. 3.33% 38,674 $16.3M Reduce -12.7%
VRTX Vertex Pharmaceuticals Inc. 3.29% 35,558 $16.1M Add +7.2%
GOOGL Alphabet Inc. Class A 3.23% 50,577 $15.8M Reduce -4.2%
TFC Truist Financial Corp. 3.18% 316,838 $15.6M Add +4.6%
WDAY Workday Inc. Class A 3.04% 69,361 $14.9M Add +8.8%
CB Chubb Ltd. 2.81% 44,033 $13.7M Reduce -0.5%
URI United Rentals Inc. 2.66% 16,072 $13.0M Reduce -3.4%
ACN Accenture PLC Class A 2.59% 47,367 $12.7M Add +6.3%
BR Broadridge Financial Solutio 2.54% 55,863 $12.5M Reduce -3.3%
PYPL PayPal Holdings Inc. 2.22% 186,364 $10.9M Reduce -0.6%
BDX Becton Dickinson and Co. 1.96% 49,486 $9.6M Reduce -0.9%
AMZN Amazon.com Inc. 1.89% 40,127 $9.3M Add +26.4%
UNH Unitedhealth Group Inc. 1.76% 26,101 $8.6M Reduce -1.0%
JPM JPMorgan Chase & Co. 1.61% 24,539 $7.9M Reduce -6.2%
AAPL Apple Inc. 1.32% 23,847 $6.5M Reduce -2.8%
GS Goldman Sachs Group Inc. 1.29% 7,162 $6.3M Reduce -2.4%
FISV Fiserv Inc. 1.27% 92,904 $6.2M Reduce -30.0%
INSM Insmed Inc. 0.95% 26,675 $4.6M Reduce -1.9%
GLD SPDR Gold Shares 0.66% 8,135 $3.2M Reduce -3.8%
SO The Southern Co. 0.50% 28,061 $2.4M Reduce -8.2%
JNJ Johnson & Johnson 0.49% 11,663 $2.4M Reduce -7.3%
GBTC Grayscale Bitcoin Trust ETF 0.43% 30,940 $2.1M No change
TT Trane Technologies PLC 0.42% 5,296 $2.1M Reduce -3.2%
HON Honeywell International Inc. 0.42% 10,444 $2.0M Add +0.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.36% 15,341 $1.8M Reduce -2.1%
PFF iShares Preferred & Income S 0.36% 56,511 $1.7M Reduce -4.1%
WM Waste Management Inc. 0.34% 7,556 $1.7M Reduce -0.8%
ISRG Intuitive Surgical Inc. 0.34% 2,915 $1.7M Reduce -0.8%
IVV iShares Core S&P 500 ETF 0.33% 2,331 $1.6M Reduce -19.0%
INTU Intuit Inc. 0.30% 2,192 $1.5M Add +0.7%
META Meta Platforms Inc. Class A 0.28% 2,096 $1.4M Reduce -4.8%
AEM Agnico Eagle Mines Ltd. 0.24% 7,000 $1.2M No change
FMDE Fidelity Enhanced Mid Cap Co. 0.23% 30,448 $1.1M Reduce -7.8%
FDX FedEx Corp. 0.21% 3,524 $1.0M No change
PLTR Palantir Technologies Inc. Class A 0.20% 5,550 $987K Reduce -13.9%
ZBRA Zebra Technologies Corp. Class A 0.19% 3,825 $929K Reduce -11.6%
FTEC Fidelity MSCI Info Tech Indx 0.18% 4,017 $902K Reduce -12.5%
NEM Newmont Corp. 0.18% 9,000 $899K No change
AGI Alamos Gold Inc. Class A 0.18% 22,900 $883K No change
MRK Merck & Co. Inc. 0.18% 8,269 $870K Reduce -3.4%
NVDA Nvidia Corp. 0.16% 4,213 $786K Add +14.5%
PFE Pfizer Inc. 0.14% 27,951 $696K Reduce -4.7%
WMT Walmart Inc. 0.14% 6,050 $674K Add +4.5%
HD Home Depot Inc. 0.14% 1,946 $670K Add +3.2%
DHR Danaher Corp. 0.14% 2,919 $668K Reduce -0.7%
UNP Union Pacific Corp. 0.13% 2,800 $648K Reduce -7.4%
COST Costco Wholesale Corp. 0.13% 738 $636K Reduce -20.5%
XOM Exxon Mobil Corp. 0.13% 5,251 $632K Reduce -7.9%
FESM Fidelity Enhanced Small Cap 0.13% 16,716 $632K Reduce -1.1%
NVT Nvent Electric PLC 0.13% 6,111 $623K Reduce -1.6%
PEP Pepsico Inc. 0.13% 4,267 $612K Reduce -19.3%
MRSH Marsh & McLennan Cos 0.11% 2,934 $544K Add +6.2%
LLY Eli Lilly & Co. 0.11% 498 $535K Reduce -40.4%
AMP Ameriprise Financial Inc. 0.10% 1,035 $508K Reduce -8.8%
ABT Abbott Laboratories 0.10% 4,000 $501K No change
XYL Xylem Inc. 0.10% 3,575 $487K No change
CVX Chevron Corp. 0.10% 3,166 $483K Reduce -19.3%
IJH iShares Core S&P Midcap ETF 0.10% 7,195 $475K Reduce -21.9%
RTX RTX Corp. 0.10% 2,587 $474K Add +6.9%
FHLC Fidelity MSCI Health Care 0.10% 6,333 $470K Reduce -12.6%
VOO Vanguard S&P 500 ETF 0.09% 728 $457K Reduce -53.1%
IJR iShares Core S&P Small-Cap E 0.09% 3,728 $448K Reduce -14.1%
FNCL Fidelity MSCI Financial Indx 0.09% 5,684 $442K Reduce -9.9%
CSCO Cisco Systems Inc. 0.09% 5,650 $435K Reduce -14.2%
GOOG Alphabet Inc. Class C 0.09% 1,356 $426K Reduce -20.8%
AVGO Broadcom Inc. 0.09% 1,222 $423K Add +1.8%
PG The Procter & Gamble Co. 0.09% 2,947 $422K Reduce -1.1%
ETN Eaton Corp. PLC 0.08% 1,300 $414K No change
MET Metlife Inc. 0.08% 5,035 $397K No change
PEG Public Service Enterprise GP 0.08% 4,890 $393K Reduce -4.1%
AMGN Amgen Inc. 0.08% 1,186 $388K No change
FIDU Fidelity MSCI Indust Indx 0.08% 4,631 $382K Reduce -12.2%
ADP Automatic Data Processing 0.07% 1,356 $349K Reduce -19.9%
BTC Grayscale Bitcoin Mini ETF 0.07% 8,918 $345K No change
BGH Barings GLBL SHRT Dur Hi YLD 0.07% 22,281 $334K Add +1.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 481 $328K Add +12.7%
NFLX Netflix Inc. 0.06% 3,250 $305K Add +8.3%
FDIS Fidelity MSCI Cons Discr Ind 0.06% 2,922 $299K Reduce -12.4%
ABBV Abbvie Inc. 0.06% 1,275 $291K Reduce -1.9%
TOWN Towne Bank 0.06% 8,574 $286K No change
USB US Bancorp 0.05% 4,925 $263K Reduce -1.5%
COP Conocophillips 0.05% 2,768 $259K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.05% 2,205 $251K Reduce -1.8%
PNC PNC Financial Services Group 0.05% 1,156 $241K Reduce -23.4%
VTI VG Morningstar TS MKT ETF-US 0.05% 711 $238K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 800 $237K Reduce -3.0%
PFS Provident Financial Services 0.05% 11,724 $232K No change
PGF Invesco Financial Preferred 0.05% 16,203 $229K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 4,071 $224K No change

Show all 103 holdings

Portfolio Sells Q3 2025 → Q4 2025
FISV Fiserv Inc. Reduce -30.0% 1.27% −2.12
WSM Williams-Sonoma Inc. Reduce -5.6% 4.63% −0.59
URI United Rentals Inc. Reduce -3.4% 2.66% −0.50
MSFT Microsoft Corp. Reduce -3.2% 6.29% −0.48
CHKP Check Point Software Tech Reduce -1.9% 4.26% −0.45
PWR Quanta Services Inc. Reduce -12.7% 3.33% −0.31
PYPL PayPal Holdings Inc. Reduce -0.6% 2.22% −0.27
BR Broadridge Financial Solutio Reduce -3.3% 2.54% −0.19
LOW Lowe's Cos Inc. Reduce -2.3% 4.26% −0.16
VOO Vanguard S&P 500 ETF Reduce -53.1% 0.09% −0.10
SO The Southern Co. Reduce -8.2% 0.50% −0.08
ZBRA Zebra Technologies Corp. Class A Reduce -11.6% 0.19% −0.07
IVV iShares Core S&P 500 ETF Reduce -19.0% 0.33% −0.06
SNA Snap-on Inc. Reduce -3.7% 3.47% −0.05
ORCL Oracle Corp. Sold out 0.00% −0.05
UNH Unitedhealth Group Inc. Reduce -1.0% 1.76% −0.05
COST Costco Wholesale Corp. Reduce -20.5% 0.13% −0.04
META Meta Platforms Inc. Class A Reduce -4.8% 0.28% −0.04
TT Trane Technologies PLC Reduce -3.2% 0.42% −0.04
PLTR Palantir Technologies Inc. Class A Reduce -13.9% 0.20% −0.03
ADP Automatic Data Processing Reduce -19.9% 0.07% −0.03
JPM JPMorgan Chase & Co. Reduce -6.2% 1.61% −0.02
CVX Chevron Corp. Reduce -19.3% 0.10% −0.02
PEP Pepsico Inc. Reduce -19.3% 0.13% −0.02
IJH iShares Core S&P Midcap ETF Reduce -21.9% 0.10% −0.02
FTEC Fidelity MSCI Info Tech Indx Reduce -12.5% 0.18% −0.02
LLY Eli Lilly & Co. Reduce -40.4% 0.11% −0.02
PFF iShares Preferred & Income S Reduce -4.1% 0.36% −0.01
PNC PNC Financial Services Group Reduce -23.4% 0.05% −0.01
IJR iShares Core S&P Small-Cap E Reduce -14.1% 0.09% −0.01
FMDE Fidelity Enhanced Mid Cap Co. Reduce -7.8% 0.23% −0.01
UNP Union Pacific Corp. Reduce -7.4% 0.13% −0.01
FIDU Fidelity MSCI Indust Indx Reduce -12.2% 0.08% −0.01
FDIS Fidelity MSCI Cons Discr Ind Reduce -12.4% 0.06% −0.01
AMP Ameriprise Financial Inc. Reduce -8.8% 0.10% −0.01
PFE Pfizer Inc. Reduce -4.7% 0.14% −0.01
FNCL Fidelity MSCI Financial Indx Reduce -9.9% 0.09% −0.01
PG The Procter & Gamble Co. Reduce -1.1% 0.09% −0.00
PEG Public Service Enterprise GP Reduce -4.1% 0.08% −0.00
FCOM Fidelity MSCI Comm Serv Indx Reduce -13.3% 0.04% −0.00
CSCO Cisco Systems Inc. Reduce -14.2% 0.09% −0.00
ABBV Abbvie Inc. Reduce -1.9% 0.06% −0.00
FHLC Fidelity MSCI Health Care Reduce -12.6% 0.10% −0.00
DIS The Walt Disney Co. Reduce -1.8% 0.05% +0.00
XOM Exxon Mobil Corp. Reduce -7.9% 0.13% +0.00
IBM Intl Business Machines Corp. Reduce -3.0% 0.05% +0.00
GOOG Alphabet Inc. Class C Reduce -20.8% 0.09% +0.00
WM Waste Management Inc. Reduce -0.8% 0.34% +0.01
NVT Nvent Electric PLC Reduce -1.6% 0.13% +0.01
USB US Bancorp Reduce -1.5% 0.05% +0.01

Portfolio Buys Q3 2025 → Q4 2025
CRM Salesforce Inc. Add +15.5% 3.34% +0.82
VRTX Vertex Pharmaceuticals Inc. Add +7.2% 3.29% +0.71
AMZN Amazon.com Inc. Add +26.4% 1.89% +0.51
TFC Truist Financial Corp. Add +4.6% 3.18% +0.43
ACN Accenture PLC Class A Add +6.3% 2.59% +0.41
OMC Omnicom Group Add +4.6% 3.72% +0.23
VTI VG Morningstar TS MKT ETF-US New 0.05% +0.05
NVDA Nvidia Corp. Add +14.5% 0.16% +0.02
WMT Walmart Inc. Add +4.5% 0.14% +0.02
RTX RTX Corp. Add +6.9% 0.10% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +12.7% 0.07% +0.01
AVGO Broadcom Inc. Add +1.8% 0.09% +0.01
INTU Intuit Inc. Add +0.7% 0.30% +0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +1.3% 0.07% +0.00
MRSH Marsh & McLennan Cos Add +6.2% 0.11% +0.00
WDAY Workday Inc. Class A Add +8.8% 3.04% −0.01
NFLX Netflix Inc. Add +8.3% 0.06% −0.01
HD Home Depot Inc. Add +3.2% 0.14% −0.01
HON Honeywell International Inc. Add +0.1% 0.42% −0.02
LH Labcorp Holdings Inc. Add +0.3% 4.34% −0.48

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