McRae Capital Management Inc.

Name: MCRAE CAPITAL MANAGEMENT INC 13F holdings, Q4 2025
Creator: MCRAE CAPITAL MANAGEMENT INC
Published: 2026-02-11

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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

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
XLK SS Technology Select Sector	0.04%	1,459	$210K	No change
FCOM Fidelity MSCI Comm Serv Indx	0.04%	2,766	$203K	Reduce -13.3%
VUZI Vuzix Corp.	0.02%	23,000	$87K	No change

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

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	112	$508.1M	WSM, KEYS, MSFT, LH, PWR
Q1 2026	105	$482.1M	MSFT, LH, KEYS, WSM, LOW
Q4 2025	103	$489.9M	MSFT, NDAQ, WSM, KEYS, LH
Q3 2025	103	$503.8M	MSFT, WSM, NDAQ, LH, CHKP
Q2 2025	102	$488.4M	MSFT, CHKP, NDAQ, WSM, LH
Q1 2025	94	$474.4M	CHKP, MSFT, FISV, WSM, NDAQ
Q4 2024	91	$510.1M	MSFT, WSM, PWR, FISV, NDAQ
Q3 2024	93	$512.3M	MSFT, PWR, LOW, URI, WSM
Q2 2024	92	$438.6M	MSFT, WSM, PWR, URI, LOW
Q1 2024	96	$456.5M	MSFT, WSM, PWR, URI, LOW