McRae Capital Management Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), McRae Capital Management Inc. reported 105 stock positions worth $482.1 million. Its top holding was Microsoft (MSFT) at 4.7% of the portfolio, followed by Labcorp (LH, 4.6%) and Keysight Technologies (KEYS, 4.4%). Compared with Q4 2025, it opened 5 new positions, sold out of 3, added to 26 and reduced 45. The biggest buy was Marsh & McLennan Cos (MRSH, shares +2209%) and the biggest sale PayPal (PYPL, shares −97%).

Most Recent 13F
Q2 2026
Location
Morristown, NJ
CIK
0000320376
Portfolio Value
$482.1M (Q1 2026)
SEC Filing
0001172661-26-001897 ↗ filed May 14, 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 Q4 2025 Q1 2026: $482.1M $482.1M Q1 2026 Q2 2026: $508.1M Q2 2026

Holdings 105 stocks · $482.1M
MSFT Microsoft Corp. 4.74% 61,774 $22.9M Reduce -3.1%
LH Labcorp Holdings Inc. 4.62% 83,475 $22.3M Reduce -1.4%
KEYS Keysight Technologies Inc. 4.39% 74,880 $21.1M Reduce -30.0%
WSM Williams-Sonoma Inc. 4.35% 115,133 $21.0M Reduce -9.3%
LOW Lowe's Cos Inc. 4.10% 83,686 $19.8M Reduce -3.3%
NDAQ Nasdaq Inc. 3.94% 223,841 $19.0M Reduce -16.9%
OMC Omnicom Group 3.57% 228,475 $17.2M Add +1.3%
SNA Snap-on Inc. 3.43% 45,577 $16.6M Reduce -7.7%
CHKP Check Point Software Tech 3.36% 113,533 $16.2M Add +0.9%
TFC Truist Financial Corp. 3.28% 343,663 $15.8M Add +8.5%
PWR Quanta Services Inc. 3.18% 27,904 $15.3M Reduce -27.9%
VRTX Vertex Pharmaceuticals Inc. 3.16% 34,123 $15.2M Reduce -4.0%
GOOGL Alphabet Inc. Class A 2.99% 50,143 $14.4M Reduce -0.9%
TMO Thermo Fisher Scientific Inc. 2.93% 28,758 $14.1M Reduce -1.5%
CB Chubb Ltd. 2.85% 42,093 $13.7M Reduce -4.4%
CRM Salesforce Inc. 2.46% 63,442 $11.8M Add +2.6%
MRSH Marsh & McLennan Cos 2.44% 67,759 $11.8M Add +2209.4%
URI United Rentals Inc. 2.37% 15,654 $11.4M Reduce -2.6%
BR Broadridge Financial Solutio 2.12% 62,772 $10.2M Add +12.4%
ZTS Zoetis Inc. 2.08% 84,747 $10.0M New
FENI Fidelity Enhanced Intl ETF 1.96% 253,398 $9.4M New
ACN Accenture PLC Class A 1.93% 47,009 $9.3M Reduce -0.8%
WDAY Workday Inc. Class A 1.92% 71,137 $9.2M Add +2.6%
AMZN Amazon.com Inc. 1.81% 41,992 $8.7M Add +4.7%
CSCO Cisco Systems Inc. 1.70% 105,578 $8.2M Add +1768.6%
FISV Fiserv Inc. 1.63% 140,474 $7.8M Add +51.2%
BDX Becton Dickinson and Co. 1.59% 48,661 $7.7M Reduce -1.7%
UNH Unitedhealth Group Inc. 1.56% 27,815 $7.5M Add +6.6%
NFLX Netflix Inc. 1.37% 68,520 $6.6M Add +2008.3%
JPM JPMorgan Chase & Co. 1.34% 21,927 $6.5M Reduce -10.6%
AAPL Apple Inc. 1.22% 23,247 $5.9M Reduce -2.5%
INSM Insmed Inc. 1.19% 35,145 $5.7M Add +31.8%
GS Goldman Sachs Group Inc. 1.18% 6,700 $5.7M Reduce -6.5%
PANW Palo Alto Networks Inc. 1.15% 34,540 $5.5M New
WAT Waters Corp. 0.75% 12,218 $3.6M New
GLD SPDR Gold Shares 0.72% 8,030 $3.5M Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.64% 12,800 $3.1M Add +1500.0%
JNJ Johnson & Johnson 0.59% 11,673 $2.9M Add +0.1%
SO The Southern Co. 0.54% 27,131 $2.6M Reduce -3.3%
HON Honeywell International Inc. 0.49% 10,412 $2.4M Reduce -0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.38% 15,341 $1.8M No change
WM Waste Management Inc. 0.36% 7,606 $1.7M Add +0.7%
GBTC Grayscale Bitcoin Trust ETF 0.34% 30,940 $1.6M No change
PFF iShares Preferred & Income S 0.33% 51,671 $1.6M Reduce -8.6%
ISRG Intuitive Surgical Inc. 0.28% 2,890 $1.3M Reduce -0.9%
FMDE Fidelity Enhanced Mid Cap Co. 0.26% 35,143 $1.3M Add +15.4%
FDX FedEx Corp. 0.26% 3,524 $1.3M No change
META Meta Platforms Inc. Class A 0.26% 2,171 $1.2M Add +3.6%
TT Trane Technologies PLC 0.24% 2,831 $1.2M Reduce -46.5%
IVV iShares Core S&P 500 ETF 0.23% 1,661 $1.1M Reduce -28.7%
AGI Alamos Gold Inc. Class A 0.21% 22,900 $1.0M No change
MRK Merck & Co. Inc. 0.21% 8,269 $995K No change
INTU Intuit Inc. 0.21% 2,292 $991K Add +4.6%
ZBRA Zebra Technologies Corp. Class A 0.17% 3,825 $800K No change
XOM Exxon Mobil Corp. 0.16% 4,455 $756K Reduce -15.2%
WMT Walmart Inc. 0.16% 6,050 $752K No change
FTEC Fidelity MSCI Info Tech Indx 0.15% 3,581 $745K Reduce -10.8%
PLTR Palantir Technologies Inc. Class A 0.15% 5,050 $739K Reduce -9.0%
COST Costco Wholesale Corp. 0.15% 738 $735K No change
NVDA Nvidia Corp. 0.15% 4,213 $735K No change
CVX Chevron Corp. 0.15% 3,534 $731K Add +11.6%
PFE Pfizer Inc. 0.15% 25,451 $715K Reduce -8.9%
AEM Agnico Eagle Mines Ltd. 0.15% 3,500 $710K Reduce -50.0%
NVT Nvent Electric PLC 0.14% 5,731 $678K Reduce -6.2%
PEP Pepsico Inc. 0.14% 4,267 $663K No change
HD Home Depot Inc. 0.13% 1,946 $640K No change
FESM Fidelity Enhanced Small Cap 0.13% 16,459 $625K Reduce -1.5%
UNP Union Pacific Corp. 0.13% 2,525 $613K Reduce -9.8%
DHR Danaher Corp. 0.11% 2,719 $516K Reduce -6.8%
RTX RTX Corp. 0.10% 2,587 $499K No change
IJH iShares Core S&P Midcap ETF 0.10% 7,370 $498K Add +2.4%
NEM Newmont Corp. 0.10% 4,500 $487K Reduce -50.0%
ETN Eaton Corp. PLC 0.10% 1,300 $465K No change
FHLC Fidelity MSCI Health Care 0.09% 6,445 $453K Add +1.8%
AMP Ameriprise Financial Inc. 0.09% 985 $438K Reduce -4.8%
VOO Vanguard S&P 500 ETF 0.09% 728 $435K No change
LLY Eli Lilly & Co. 0.09% 464 $427K Reduce -6.8%
XYL Xylem Inc. 0.09% 3,575 $427K No change
FNCL Fidelity MSCI Financial Indx 0.09% 5,969 $419K Add +5.0%
AMGN Amgen Inc. 0.09% 1,186 $417K No change
ABT Abbott Laboratories 0.09% 4,000 $411K No change
FIDU Fidelity MSCI Indust Indx 0.09% 4,738 $410K Add +2.3%
PG The Procter & Gamble Co. 0.08% 2,797 $404K Reduce -5.1%
PEG Public Service Enterprise GP 0.08% 4,740 $384K Reduce -3.1%
AVGO Broadcom Inc. 0.08% 1,222 $378K No change
MET Metlife Inc. 0.07% 5,035 $356K No change
IJR iShares Core S&P Small-Cap E 0.07% 2,845 $354K Reduce -23.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 481 $313K No change
COP Conocophillips 0.06% 2,337 $308K Reduce -15.6%
BGH Barings GLBL SHRT Dur Hi YLD 0.06% 22,575 $308K Add +1.3%
TOWN Towne Bank 0.06% 8,574 $289K No change
FDIS Fidelity MSCI Cons Discr Ind 0.06% 3,033 $283K Add +3.8%
ABBV Abbvie Inc. 0.06% 1,275 $277K No change
BTC Grayscale Bitcoin Mini ETF 0.06% 8,918 $267K No change
PYPL PayPal Holdings Inc. 0.05% 5,537 $250K Reduce -97.0%
PFS Provident Financial Services 0.05% 11,724 $248K No change
USB US Bancorp 0.05% 4,750 $247K Reduce -3.5%
ADP Automatic Data Processing 0.05% 1,209 $246K Reduce -10.8%
PNC PNC Financial Services Group 0.05% 1,156 $241K No change
GOOG Alphabet Inc. Class C 0.05% 796 $228K Reduce -41.3%

Show all 105 holdings

Options reported separately and not counted above: FISV calls ($33K).

Portfolio Sells Q4 2025 → Q1 2026
PYPL PayPal Holdings Inc. Reduce -97.0% 0.05% −2.17
MSFT Microsoft Corp. Reduce -3.1% 4.74% −1.55
NDAQ Nasdaq Inc. Reduce -16.9% 3.94% −1.40
ACN Accenture PLC Class A Reduce -0.8% 1.93% −0.66
TMO Thermo Fisher Scientific Inc. Reduce -1.5% 2.93% −0.52
BDX Becton Dickinson and Co. Reduce -1.7% 1.59% −0.37
URI United Rentals Inc. Reduce -2.6% 2.37% −0.29
JPM JPMorgan Chase & Co. Reduce -10.6% 1.34% −0.28
WSM Williams-Sonoma Inc. Reduce -9.3% 4.35% −0.27
GOOGL Alphabet Inc. Class A Reduce -0.9% 2.99% −0.24
TT Trane Technologies PLC Reduce -46.5% 0.24% −0.18
LOW Lowe's Cos Inc. Reduce -3.3% 4.10% −0.16
PWR Quanta Services Inc. Reduce -27.9% 3.18% −0.15
VRTX Vertex Pharmaceuticals Inc. Reduce -4.0% 3.16% −0.13
GS Goldman Sachs Group Inc. Reduce -6.5% 1.18% −0.11
IVV iShares Core S&P 500 ETF Reduce -28.7% 0.23% −0.10
AAPL Apple Inc. Reduce -2.5% 1.22% −0.10
AEM Agnico Eagle Mines Ltd. Reduce -50.0% 0.15% −0.09
NEM Newmont Corp. Reduce -50.0% 0.10% −0.08
ISRG Intuitive Surgical Inc. Reduce -0.9% 0.28% −0.06
KEYS Keysight Technologies Inc. Reduce -30.0% 4.39% −0.05
PLTR Palantir Technologies Inc. Class A Reduce -9.0% 0.15% −0.05
BAC Bank of America Corp. Sold out 0.00% −0.05
XLK SS Technology Select Sector Sold out 0.00% −0.04
FCOM Fidelity MSCI Comm Serv Indx Sold out 0.00% −0.04
GOOG Alphabet Inc. Class C Reduce -41.3% 0.05% −0.04
SNA Snap-on Inc. Reduce -7.7% 3.43% −0.04
PFF iShares Preferred & Income S Reduce -8.6% 0.33% −0.03
FTEC Fidelity MSCI Info Tech Indx Reduce -10.8% 0.15% −0.03
DHR Danaher Corp. Reduce -6.8% 0.11% −0.03
LLY Eli Lilly & Co. Reduce -6.8% 0.09% −0.02
ADP Automatic Data Processing Reduce -10.8% 0.05% −0.02
IJR iShares Core S&P Small-Cap E Reduce -23.7% 0.07% −0.02
AMP Ameriprise Financial Inc. Reduce -4.8% 0.09% −0.01
UNP Union Pacific Corp. Reduce -9.8% 0.13% −0.01
PG The Procter & Gamble Co. Reduce -5.1% 0.08% −0.00
USB US Bancorp Reduce -3.5% 0.05% −0.00
PEG Public Service Enterprise GP Reduce -3.1% 0.08% −0.00
FESM Fidelity Enhanced Small Cap Reduce -1.5% 0.13% +0.00
PFE Pfizer Inc. Reduce -8.9% 0.15% +0.01
COP Conocophillips Reduce -15.6% 0.06% +0.01
NVT Nvent Electric PLC Reduce -6.2% 0.14% +0.01
XOM Exxon Mobil Corp. Reduce -15.2% 0.16% +0.03
CB Chubb Ltd. Reduce -4.4% 2.85% +0.04
SO The Southern Co. Reduce -3.3% 0.54% +0.04
GLD SPDR Gold Shares Reduce -1.3% 0.72% +0.06
HON Honeywell International Inc. Reduce -0.3% 0.49% +0.07
LH Labcorp Holdings Inc. Reduce -1.4% 4.62% +0.28

Portfolio Buys Q4 2025 → Q1 2026
MRSH Marsh & McLennan Cos Add +2209.4% 2.44% +2.33
ZTS Zoetis Inc. New 2.08% +2.08
FENI Fidelity Enhanced Intl ETF New 1.96% +1.96
CSCO Cisco Systems Inc. Add +1768.6% 1.70% +1.61
NFLX Netflix Inc. Add +2008.3% 1.37% +1.30
PANW Palo Alto Networks Inc. New 1.15% +1.15
WAT Waters Corp. New 0.75% +0.75
IBM Intl Business Machines Corp. Add +1500.0% 0.64% +0.60
FISV Fiserv Inc. Add +51.2% 1.63% +0.35
INSM Insmed Inc. Add +31.8% 1.19% +0.24
JNJ Johnson & Johnson Add +0.1% 0.59% +0.10
TFC Truist Financial Corp. Add +8.5% 3.28% +0.09
CVX Chevron Corp. Add +11.6% 0.15% +0.05
ED Consolidated Edison Inc. New 0.04% +0.04
FMDE Fidelity Enhanced Mid Cap Co. Add +15.4% 0.26% +0.04
WM Waste Management Inc. Add +0.7% 0.36% +0.02
FIDU Fidelity MSCI Indust Indx Add +2.3% 0.09% +0.01
IJH iShares Core S&P Midcap ETF Add +2.4% 0.10% +0.01
FHLC Fidelity MSCI Health Care Add +1.8% 0.09% −0.00
FDIS Fidelity MSCI Cons Discr Ind Add +3.8% 0.06% −0.00
FNCL Fidelity MSCI Financial Indx Add +5.0% 0.09% −0.00
BGH Barings GLBL SHRT Dur Hi YLD Add +1.3% 0.06% −0.00
META Meta Platforms Inc. Class A Add +3.6% 0.26% −0.02
AMZN Amazon.com Inc. Add +4.7% 1.81% −0.08
INTU Intuit Inc. Add +4.6% 0.21% −0.09
OMC Omnicom Group Add +1.3% 3.57% −0.15
UNH Unitedhealth Group Inc. Add +6.6% 1.56% −0.20
BR Broadridge Financial Solutio Add +12.4% 2.12% −0.43
CRM Salesforce Inc. Add +2.6% 2.46% −0.89
CHKP Check Point Software Tech Add +0.9% 3.36% −0.90
WDAY Workday Inc. Class A Add +2.6% 1.92% −1.12

Options Activity Q4 2025 → Q1 2026
FISV Fiserv Inc. call New 600 $33K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

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