Mill Capital Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Mill Capital Management, LLC reported 124 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 10.9% of the portfolio, followed by Microsoft (MSFT, 7.2%) and Berkshire Hathaway Class A (BRK.A, 7.1%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 18 and reduced 42. The biggest buy was Booking (BKNG, shares +0%) and the biggest sale Transdigm (TDG, shares −1%).

Most Recent 13F
Q2 2026
Location
CONCORD, NC
CIK
0001901166
Portfolio Value
$1.3B (Q4 2024)
SEC Filing
0001398344-25-002426 ↗ filed Feb 11, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B $1.3B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 124 stocks · $1.3B
AAPL Apple Inc. 10.85% 548,390 $137.3M Reduce -3.4%
MSFT Microsoft Corp. 7.24% 217,338 $91.6M Add +0.1%
BRK.A Berkshire Hathaway Inc. Class A 7.10% 132 $89.9M Reduce -0.8%
GOOG Alphabet Inc. Class C 5.71% 379,345 $72.2M Reduce -3.5%
V Visa Inc. Class A 5.16% 206,760 $65.3M Reduce -0.1%
JPM JPMorgan Chase & Co. 3.99% 210,537 $50.5M Reduce -1.0%
AMZN Amazon.com Inc. 3.29% 189,797 $41.6M Reduce -4.9%
TMO Thermo Fisher Scientific Inc. 3.24% 78,778 $41.0M Add +0.1%
XOM Exxon Mobil Corp. 3.14% 368,884 $39.7M Reduce -0.0%
AXP American Express Co. 2.96% 126,390 $37.5M Reduce -1.2%
BRK.B Berkshire Hathaway Inc. Class B 2.73% 76,215 $34.5M Reduce -7.8%
TDG Transdigm Group Inc. 2.63% 26,219 $33.2M Reduce -1.2%
UNP Union Pacific Corp. 2.32% 128,570 $29.3M Reduce -0.1%
BKNG Booking Holdings Inc. 2.22% 5,655 $28.1M Add +0.1%
FISV Fiserv Inc. 2.21% 135,857 $27.9M Reduce -0.3%
UNH Unitedhealth Group Inc. 1.99% 49,819 $25.2M Add +0.0%
CPRT Copart Inc. 1.99% 438,246 $25.2M Add +0.2%
CMCSA Comcast Corp. Class A 1.90% 641,787 $24.1M Reduce -0.2%
AMT American Tower Corp. 1.75% 120,683 $22.1M Add +1.2%
ICE Intercontinental Exchange Inc. 1.64% 139,369 $20.8M Add +0.2%
ZTS Zoetis Inc. 1.59% 123,182 $20.1M Add +0.0%
CPAY Corpay Inc. 1.46% 54,631 $18.5M Add +0.0%
CRM Salesforce Inc. 1.43% 54,079 $18.1M Add +0.0%
JNJ Johnson & Johnson 1.35% 118,185 $17.1M Reduce -0.1%
LIN Linde PLC 1.30% 39,345 $16.5M Add +0.1%
GOOGL Alphabet Inc. Class A 1.21% 80,744 $15.3M Reduce -0.1%
LH Labcorp Holdings Inc. 1.14% 63,160 $14.5M Add +0.0%
DEO Diageo PLC-Sponsored ADR 1.11% 110,607 $14.1M Reduce -0.3%
VRSN Verisign Inc. 1.08% 66,045 $13.7M Add +0.1%
MU Micron Technology Inc. 1.07% 160,945 $13.5M Add +0.0%
LHX L3HARRIS Technologies Inc. 1.02% 61,188 $12.9M Reduce -0.1%
OTIS Otis Worldwide Corp. 0.93% 127,393 $11.8M Add +0.2%
PM Philip Morris International 0.70% 73,102 $8.8M No change
MRK Merck & Co. Inc. 0.69% 87,497 $8.7M Reduce -0.1%
TT Trane Technologies PLC 0.52% 17,979 $6.6M No change
PG The Procter & Gamble Co. 0.50% 38,036 $6.4M Reduce -1.3%
WFC Wells Fargo & Co. 0.47% 85,455 $6.0M No change
PFE Pfizer Inc. 0.39% 184,905 $4.9M Reduce -2.8%
CVX Chevron Corp. 0.32% 27,736 $4.0M Reduce -1.8%
ETN Eaton Corp. PLC 0.31% 11,800 $3.9M No change
ELV Elevance Health Inc. 0.30% 10,233 $3.8M Reduce -1.7%
MDLZ Mondelez International Inc. Class A 0.29% 60,907 $3.6M Reduce -2.8%
CAT Caterpillar Inc. 0.28% 9,737 $3.5M No change
GE General Electric filed as GE AEROSPACE 0.25% 19,327 $3.2M Reduce -0.5%
MLM Martin Marietta Materials 0.25% 6,225 $3.2M No change
NSC Norfolk Southern Corp. 0.24% 12,926 $3.0M No change
LRCX Lam Research Corp. 0.23% 40,000 $2.9M No change
HD Home Depot Inc. 0.23% 7,400 $2.9M No change
DUK Duke Energy Corp. 0.22% 26,025 $2.8M Reduce -0.4%
KO The Coca-Cola Co. 0.22% 43,833 $2.7M No change
BMY Bristol-Myers Squibb Co. 0.21% 47,533 $2.7M Reduce -2.3%
ORCL Oracle Corp. 0.21% 15,897 $2.6M No change
YUM Yum! Brands Inc. 0.18% 17,196 $2.3M Reduce -8.0%
RSG Republic Services Inc. 0.18% 11,102 $2.2M No change
SHEL Shell PLC-ADR 0.17% 34,066 $2.1M Reduce -4.9%
TXN Texas Instruments Inc. 0.16% 11,100 $2.1M No change
COP Conocophillips 0.15% 18,865 $1.9M No change
SYK Stryker Corp. 0.14% 4,819 $1.7M No change
NEE Nextera Energy Inc. 0.14% 24,000 $1.7M No change
EMR Emerson Electric Co. 0.14% 13,832 $1.7M Reduce -1.7%
MMM 3M Co. 0.13% 13,186 $1.7M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 12,550 $1.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 34,455 $1.5M Reduce -2.1%
MCD McDonald's Corp. 0.12% 5,129 $1.5M No change
GS Goldman Sachs Group Inc. 0.12% 2,550 $1.5M No change
BDX Becton Dickinson and Co. 0.11% 6,401 $1.5M Reduce -0.0%
GEV GE Vernova Inc. 0.11% 4,398 $1.4M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 12,864 $1.4M Reduce -2.3%
LLY Eli Lilly & Co. 0.11% 1,803 $1.4M No change
MSI Motorola Solutions Inc. 0.11% 2,910 $1.3M No change
IR Ingersoll-Rand Inc. 0.11% 14,859 $1.3M No change
LOW Lowe's Cos Inc. 0.10% 5,058 $1.2M No change
FCNCA First Citizens Bcshs Class A 0.09% 525 $1.1M No change
CME Cme Group Inc. 0.08% 4,500 $1.0M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 4,465 $982K No change
L Loews Corp. 0.07% 11,200 $949K Reduce -1.8%
KMB Kimberly-Clark Corp. 0.07% 7,163 $939K No change
CB Chubb Ltd. 0.07% 3,210 $887K No change
HON Honeywell International Inc. 0.07% 3,788 $856K No change
PEP Pepsico Inc. 0.07% 5,617 $854K Reduce -2.0%
IAU iShares Gold Trust 0.06% 16,250 $805K No change
ABBV Abbvie Inc. 0.06% 4,382 $779K No change
IWR iShares Russell Mid-Cap ETF 0.06% 8,724 $771K No change
ZBH Zimmer Biomet Holdings Inc. 0.06% 6,761 $714K No change
FITB Fifth Third Bancorp 0.05% 16,432 $695K No change
CMI Cummins Inc. 0.05% 1,666 $581K No change
GEHC GE Healthcare Technology 0.04% 7,056 $552K Reduce -0.5%
BP BP PLC-Spons ADR 0.04% 16,512 $488K No change
PSX Phillips 66 0.04% 4,145 $472K No change
NVS Novartis AG-Sponsored ADR 0.04% 4,851 $472K Reduce -33.9%
WEC WEC Energy Group Inc. 0.04% 4,824 $454K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.04% 6,250 $449K No change
MO Altria Group Inc. 0.03% 8,142 $426K Reduce -57.1%
GRMN Garmin Ltd. 0.03% 2,000 $413K Reduce -33.3%
AVGO Broadcom Inc. 0.03% 1,750 $406K No change
PNC PNC Financial Services Group 0.03% 2,076 $400K No change
ENB Enbridge Inc. 0.03% 9,225 $391K No change
DD Dupont DE Nemours Inc. 0.03% 4,959 $378K Reduce -3.9%
YUMC Yum China Holdings Inc. 0.03% 7,746 $373K Reduce -26.6%
ORI Old Republic Intl Corp. 0.03% 10,136 $367K Add +0.7%
LNC Lincoln National Corp. 0.03% 10,244 $325K No change
WMT Walmart Inc. 0.02% 3,441 $311K No change
OPOF Old Point Financial Corp. 0.02% 11,925 $311K No change
ADP Automatic Data Processing 0.02% 1,000 $293K No change
RF Regions Financial Corp. 0.02% 11,880 $279K No change
TSLA Tesla Inc. 0.02% 688 $278K New
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 458 $268K Add +10.6%
DGX Quest Diagnostics Inc. 0.02% 1,620 $244K No change
SSB Southstate Bank Corp. 0.02% 2,439 $243K No change
TRV The Travelers Cos Inc. 0.02% 1,000 $241K No change
BLK BlackRock Inc. 0.02% 226 $232K No change
SUSA iShares ESG Optimized MSCI U 0.02% 1,900 $231K No change
DOW Dow Inc. 0.02% 5,451 $219K Reduce -8.7%
ITW Illinois Tool Works 0.02% 857 $217K No change
AMAT Applied Materials Inc. 0.02% 1,300 $211K No change
GPN Global Payments Inc. 0.02% 1,831 $205K New
UPS United Parcel Service Class B 0.02% 1,600 $202K No change
IVV iShares Core S&P 500 ETF 0.01% 250 $147K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 1,200 $109K No change
IJS iShares S&P Small-Cap 600 Va 0.01% 950 $103K Reduce -17.4%
IWM iShares Russell 2000 ETF 0.01% 365 $81K Add +0.8%
IWF iShares Russell 1000 Growth 0.01% 200 $80K No change
IWP iShares Russell Mid-Cap Grow 0.01% 570 $72K No change
IJR iShares Core S&P Small-Cap E 0.01% 600 $69K No change

Portfolio Sells Q3 2024 → Q4 2024
TDG Transdigm Group Inc. Reduce -1.2% 2.63% −0.34
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.8% 2.73% −0.25
XOM Exxon Mobil Corp. Reduce -0.0% 3.14% −0.25
CMCSA Comcast Corp. Class A Reduce -0.2% 1.90% −0.20
UNP Union Pacific Corp. Reduce -0.1% 2.32% −0.16
JNJ Johnson & Johnson Reduce -0.1% 1.35% −0.15
ELV Elevance Health Inc. Reduce -1.7% 0.30% −0.13
LHX L3HARRIS Technologies Inc. Reduce -0.1% 1.02% −0.12
DEO Diageo PLC-Sponsored ADR Reduce -0.3% 1.11% −0.11
MRK Merck & Co. Inc. Reduce -0.1% 0.69% −0.09
BRK.A Berkshire Hathaway Inc. Class A Reduce -0.8% 7.10% −0.09
MDLZ Mondelez International Inc. Class A Reduce -2.8% 0.29% −0.07
PFE Pfizer Inc. Reduce -2.8% 0.39% −0.04
MO Altria Group Inc. Reduce -57.1% 0.03% −0.04
GE General Electric Reduce -0.5% 0.25% −0.03
NVS Novartis AG-Sponsored ADR Reduce -33.9% 0.04% −0.03
YUM Yum! Brands Inc. Reduce -8.0% 0.18% −0.02
PG The Procter & Gamble Co. Reduce -1.3% 0.50% −0.02
NKE Nike Inc. Class B Sold out 0.00% −0.02
LMT Lockheed Martin Corp. Sold out 0.00% −0.02
SHEL Shell PLC-ADR Reduce -4.9% 0.17% −0.02
DUK Duke Energy Corp. Reduce -0.4% 0.22% −0.01
PEP Pepsico Inc. Reduce -2.0% 0.07% −0.01
GRMN Garmin Ltd. Reduce -33.3% 0.03% −0.01
GEHC GE Healthcare Technology Reduce -0.5% 0.04% −0.01
DOW Dow Inc. Reduce -8.7% 0.02% −0.01
CVX Chevron Corp. Reduce -1.8% 0.32% −0.01
YUMC Yum China Holdings Inc. Reduce -26.6% 0.03% −0.01
DD Dupont DE Nemours Inc. Reduce -3.9% 0.03% −0.01
BDX Becton Dickinson and Co. Reduce -0.0% 0.11% −0.01
IJS iShares S&P Small-Cap 600 Va Reduce -17.4% 0.01% −0.00
L Loews Corp. Reduce -1.8% 0.07% +0.00
BAC Bank of America Corp. Reduce -2.1% 0.12% +0.01
DIS The Walt Disney Co. Reduce -2.3% 0.11% +0.01
EMR Emerson Electric Co. Reduce -1.7% 0.14% +0.01
BMY Bristol-Myers Squibb Co. Reduce -2.3% 0.21% +0.02
GOOGL Alphabet Inc. Class A Reduce -0.1% 1.21% +0.16
AXP American Express Co. Reduce -1.2% 2.96% +0.25
FISV Fiserv Inc. Reduce -0.3% 2.21% +0.29
AMZN Amazon.com Inc. Reduce -4.9% 3.29% +0.38
JPM JPMorgan Chase & Co. Reduce -1.0% 3.99% +0.48
AAPL Apple Inc. Reduce -3.4% 10.85% +0.50
GOOG Alphabet Inc. Class C Reduce -3.5% 5.71% +0.57
V Visa Inc. Class A Reduce -0.1% 5.16% +0.72

Portfolio Buys Q3 2024 → Q4 2024
BKNG Booking Holdings Inc. Add +0.1% 2.22% +0.36
CRM Salesforce Inc. Add +0.0% 1.43% +0.27
CPRT Copart Inc. Add +0.2% 1.99% +0.20
CPAY Corpay Inc. Add +0.0% 1.46% +0.13
VRSN Verisign Inc. Add +0.1% 1.08% +0.10
LH Labcorp Holdings Inc. Add +0.0% 1.14% +0.04
TSLA Tesla Inc. New 0.02% +0.02
GPN Global Payments Inc. New 0.02% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +10.6% 0.02% +0.00
ORI Old Republic Intl Corp. Add +0.7% 0.03% +0.00
IWM iShares Russell 2000 ETF Add +0.8% 0.01% +0.00
MSFT Microsoft Corp. Add +0.1% 7.24% −0.07
OTIS Otis Worldwide Corp. Add +0.2% 0.93% −0.10
ICE Intercontinental Exchange Inc. Add +0.2% 1.64% −0.11
LIN Linde PLC Add +0.1% 1.30% −0.16
MU Micron Technology Inc. Add +0.0% 1.07% −0.23
UNH Unitedhealth Group Inc. Add +0.0% 1.99% −0.29
ZTS Zoetis Inc. Add +0.0% 1.59% −0.30
AMT American Tower Corp. Add +1.2% 1.75% −0.42
TMO Thermo Fisher Scientific Inc. Add +0.1% 3.24% −0.57

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 128$1.5BAAPL, MU, GOOG, MSFT, BRK.A
Q1 2026 130$1.3BAAPL, GOOG, MSFT, BRK.A, XOM
Q4 2025 129$1.4BAAPL, GOOG, MSFT, BRK.A, V
Q3 2025 122$1.3BAAPL, MSFT, BRK.A, GOOG, V
Q2 2025 120$1.3BAAPL, MSFT, BRK.A, V, GOOG
Q1 2025 119$1.2BAAPL, BRK.A, MSFT, V, GOOG
Q4 2024 124$1.3BAAPL, MSFT, BRK.A, GOOG, V
Q3 2024 124$1.3BAAPL, MSFT, BRK.A, GOOG, V
Q2 2024 120$1.2BAAPL, MSFT, BRK.A, GOOG, V
Q1 2024 121$1.2BAAPL, BRK.A, MSFT, GOOG, V