Mill Capital Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Mill Capital Management, LLC reported 119 stock positions worth $1.2 billion. Its top holding was Apple (AAPL) at 9.6% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 7.8%) and Microsoft (MSFT, 6.4%). Compared with Q4 2024, it opened 2 new positions, sold out of 7, added to 27 and reduced 47. The biggest buy was a new position in ASML Holding NV-NY Reg SHS (ASML) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
CONCORD, NC
CIK
0001901166
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001398344-25-007536 ↗ filed Apr 23, 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 Q4 2024 Q1 2025: $1.2B $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 119 stocks · $1.2B
AAPL Apple Inc. 9.58% 538,086 $119.5M Reduce -1.9%
BRK.A Berkshire Hathaway Inc. Class A 7.81% 122 $97.4M Reduce -7.6%
MSFT Microsoft Corp. 6.40% 212,644 $79.8M Reduce -2.2%
V Visa Inc. Class A 5.68% 202,273 $70.9M Reduce -2.2%
GOOG Alphabet Inc. Class C 4.75% 379,686 $59.3M Add +0.1%
JPM JPMorgan Chase & Co. 4.09% 208,192 $51.1M Reduce -1.1%
XOM Exxon Mobil Corp. 3.45% 362,473 $43.1M Reduce -1.7%
BRK.B Berkshire Hathaway Inc. Class B 3.32% 77,818 $41.4M Add +2.1%
TMO Thermo Fisher Scientific Inc. 3.15% 79,029 $39.3M Add +0.3%
TDG Transdigm Group Inc. 2.90% 26,185 $36.2M Reduce -0.1%
AMZN Amazon.com Inc. 2.88% 188,633 $35.9M Reduce -0.6%
AXP American Express Co. 2.70% 125,291 $33.7M Reduce -0.9%
UNP Union Pacific Corp. 2.44% 128,756 $30.4M Add +0.1%
FISV Fiserv Inc. 2.40% 135,712 $30.0M Reduce -0.1%
AMT American Tower Corp. 2.12% 121,509 $26.4M Add +0.7%
BKNG Booking Holdings Inc. 2.09% 5,657 $26.1M Add +0.0%
UNH Unitedhealth Group Inc. 2.00% 47,757 $25.0M Reduce -4.1%
CPRT Copart Inc. 1.99% 439,102 $24.8M Add +0.2%
ICE Intercontinental Exchange Inc. 1.94% 140,461 $24.2M Add +0.8%
CMCSA Comcast Corp. Class A 1.82% 614,564 $22.7M Reduce -4.2%
ZTS Zoetis Inc. 1.63% 123,728 $20.4M Add +0.4%
JNJ Johnson & Johnson 1.56% 117,456 $19.5M Reduce -0.6%
CPAY Corpay Inc. 1.53% 54,741 $19.1M Add +0.2%
LIN Linde PLC 1.47% 39,419 $18.4M Add +0.2%
VRSN Verisign Inc. 1.35% 66,353 $16.8M Add +0.5%
LH Labcorp Holdings Inc. 1.18% 63,367 $14.7M Add +0.3%
CRM Salesforce Inc. 1.17% 54,209 $14.5M Add +0.2%
MU Micron Technology Inc. 1.11% 159,927 $13.9M Reduce -0.6%
OTIS Otis Worldwide Corp. 1.06% 127,797 $13.2M Add +0.3%
LHX L3HARRIS Technologies Inc. 1.03% 61,394 $12.9M Add +0.3%
GOOGL Alphabet Inc. Class A 1.00% 80,467 $12.4M Reduce -0.3%
PM Philip Morris International 0.95% 74,360 $11.8M Add +1.7%
ASML ASML Holding NV-NY Reg SHS 0.94% 17,674 $11.7M New
MRK Merck & Co. Inc. 0.62% 86,607 $7.8M Reduce -1.0%
PG The Procter & Gamble Co. 0.51% 37,636 $6.4M Reduce -1.1%
WFC Wells Fargo & Co. 0.49% 85,155 $6.1M Reduce -0.3%
TT Trane Technologies PLC 0.48% 17,829 $6.0M Reduce -0.8%
CVX Chevron Corp. 0.37% 27,736 $4.6M No change
PFE Pfizer Inc. 0.36% 176,252 $4.5M Reduce -4.7%
ELV Elevance Health Inc. 0.35% 10,142 $4.4M Reduce -0.9%
GE General Electric filed as GE AEROSPACE 0.31% 19,327 $3.9M No change
MDLZ Mondelez International Inc. Class A 0.30% 54,592 $3.7M Reduce -10.4%
ETN Eaton Corp. PLC 0.26% 11,800 $3.2M No change
DUK Duke Energy Corp. 0.25% 26,026 $3.2M Add +0.0%
MLM Martin Marietta Materials 0.24% 6,225 $3.0M No change
CAT Caterpillar Inc. 0.24% 8,999 $3.0M Reduce -7.6%
BMY Bristol-Myers Squibb Co. 0.23% 47,468 $2.9M Reduce -0.1%
HD Home Depot Inc. 0.22% 7,350 $2.7M Reduce -0.7%
YUM Yum! Brands Inc. 0.21% 17,021 $2.7M Reduce -1.0%
KO The Coca-Cola Co. 0.21% 36,333 $2.6M Reduce -17.1%
LRCX Lam Research Corp. 0.20% 35,000 $2.5M Reduce -12.5%
SHEL Shell PLC-ADR 0.20% 34,218 $2.5M Add +0.5%
RSG Republic Services Inc. 0.20% 10,102 $2.4M Reduce -9.0%
ORCL Oracle Corp. 0.18% 15,697 $2.2M Reduce -1.3%
NSC Norfolk Southern Corp. 0.17% 9,181 $2.2M Reduce -29.0%
COP Conocophillips 0.16% 18,866 $2.0M Add +0.0%
MMM 3M Co. 0.16% 13,185 $1.9M Reduce -0.0%
SYK Stryker Corp. 0.14% 4,819 $1.8M No change
TXN Texas Instruments Inc. 0.14% 9,500 $1.7M Reduce -14.4%
NEE Nextera Energy Inc. 0.14% 24,000 $1.7M No change
MCD McDonald's Corp. 0.13% 5,129 $1.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 12,550 $1.5M No change
LLY Eli Lilly & Co. 0.12% 1,803 $1.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 35,152 $1.5M Add +2.0%
GS Goldman Sachs Group Inc. 0.11% 2,550 $1.4M No change
EMR Emerson Electric Co. 0.11% 12,632 $1.4M Reduce -8.7%
GEV GE Vernova Inc. 0.11% 4,398 $1.3M No change
MSI Motorola Solutions Inc. 0.10% 2,910 $1.3M No change
BDX Becton Dickinson and Co. 0.10% 5,542 $1.3M Reduce -13.4%
CME Cme Group Inc. 0.10% 4,500 $1.2M No change
IR Ingersoll-Rand Inc. 0.10% 14,859 $1.2M No change
LOW Lowe's Cos Inc. 0.09% 5,058 $1.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.09% 11,800 $1.2M Reduce -8.3%
L Loews Corp. 0.08% 11,199 $1.0M Reduce -0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 4,116 $1.0M Reduce -7.8%
KMB Kimberly-Clark Corp. 0.08% 7,063 $1.0M Reduce -1.4%
DEO Diageo PLC-Sponsored ADR 0.08% 9,341 $979K Reduce -91.5%
FCNCA First Citizens Bcshs Class A 0.08% 525 $973K No change
CB Chubb Ltd. 0.08% 3,210 $969K No change
IAU iShares Gold Trust 0.08% 16,250 $958K No change
ABBV Abbvie Inc. 0.07% 4,382 $918K No change
PEP Pepsico Inc. 0.07% 5,514 $827K Reduce -1.8%
HON Honeywell International Inc. 0.06% 3,788 $802K No change
ZBH Zimmer Biomet Holdings Inc. 0.06% 6,761 $765K No change
IWR iShares Russell Mid-Cap ETF 0.06% 8,724 $742K No change
FITB Fifth Third Bancorp 0.06% 17,932 $703K Add +9.1%
GEHC GE Healthcare Technology 0.05% 7,057 $570K Add +0.0%
BP BP PLC-Spons ADR 0.04% 16,512 $558K No change
WEC WEC Energy Group Inc. 0.04% 4,824 $526K No change
CMI Cummins Inc. 0.04% 1,665 $522K Reduce -0.1%
PSX Phillips 66 0.04% 4,144 $512K Reduce -0.0%
NVS Novartis AG-Sponsored ADR 0.04% 4,438 $495K Reduce -8.5%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.04% 6,250 $447K No change
GRMN Garmin Ltd. 0.03% 2,000 $434K No change
MO Altria Group Inc. 0.03% 7,082 $425K Reduce -13.0%
ORI Old Republic Intl Corp. 0.03% 10,777 $423K Add +6.3%
ENB Enbridge Inc. 0.03% 9,226 $409K Add +0.0%
DD Dupont DE Nemours Inc. 0.03% 5,327 $398K Add +7.4%
YUMC Yum China Holdings Inc. 0.03% 7,520 $391K Reduce -2.9%
LNC Lincoln National Corp. 0.03% 10,244 $368K No change

Show all 119 holdings

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -1.9% 9.58% −1.27
DEO Diageo PLC-Sponsored ADR Reduce -91.5% 0.08% −1.03
MSFT Microsoft Corp. Reduce -2.2% 6.40% −0.84
AMZN Amazon.com Inc. Reduce -0.6% 2.88% −0.41
AXP American Express Co. Reduce -0.9% 2.70% −0.26
GOOGL Alphabet Inc. Class A Reduce -0.3% 1.00% −0.21
CMCSA Comcast Corp. Class A Reduce -4.2% 1.82% −0.09
NSC Norfolk Southern Corp. Reduce -29.0% 0.17% −0.07
MRK Merck & Co. Inc. Reduce -1.0% 0.62% −0.06
TT Trane Technologies PLC Reduce -0.8% 0.48% −0.04
CAT Caterpillar Inc. Reduce -7.6% 0.24% −0.04
ORCL Oracle Corp. Reduce -1.3% 0.18% −0.03
PFE Pfizer Inc. Reduce -4.7% 0.36% −0.03
TXN Texas Instruments Inc. Reduce -14.4% 0.14% −0.03
OPOF Old Point Financial Corp. Sold out 0.00% −0.02
EMR Emerson Electric Co. Reduce -8.7% 0.11% −0.02
LRCX Lam Research Corp. Reduce -12.5% 0.20% −0.02
TSLA Tesla Inc. Sold out 0.00% −0.02
DIS The Walt Disney Co. Reduce -8.3% 0.09% −0.02
DOW Dow Inc. Sold out 0.00% −0.02
AMAT Applied Materials Inc. Sold out 0.00% −0.02
GPN Global Payments Inc. Sold out 0.00% −0.02
UPS United Parcel Service Class B Sold out 0.00% −0.02
BDX Becton Dickinson and Co. Reduce -13.4% 0.10% −0.01
HD Home Depot Inc. Reduce -0.7% 0.22% −0.01
IJS iShares S&P Small-Cap 600 Va Sold out 0.00% −0.01
KO The Coca-Cola Co. Reduce -17.1% 0.21% −0.01
CMI Cummins Inc. Reduce -0.1% 0.04% −0.00
IWM iShares Russell 2000 ETF Reduce -41.1% 0.00% −0.00
PEP Pepsico Inc. Reduce -1.8% 0.07% −0.00
MO Altria Group Inc. Reduce -13.0% 0.03% +0.00
YUMC Yum China Holdings Inc. Reduce -2.9% 0.03% +0.00
NVS Novartis AG-Sponsored ADR Reduce -8.5% 0.04% +0.00
PSX Phillips 66 Reduce -0.0% 0.04% +0.00
IBM Intl Business Machines Corp. Reduce -7.8% 0.08% +0.00
KMB Kimberly-Clark Corp. Reduce -1.4% 0.08% +0.01
L Loews Corp. Reduce -0.0% 0.08% +0.01
MDLZ Mondelez International Inc. Class A Reduce -10.4% 0.30% +0.01
PG The Procter & Gamble Co. Reduce -1.1% 0.51% +0.01
UNH Unitedhealth Group Inc. Reduce -4.1% 2.00% +0.01
WFC Wells Fargo & Co. Reduce -0.3% 0.49% +0.02
BMY Bristol-Myers Squibb Co. Reduce -0.1% 0.23% +0.02
RSG Republic Services Inc. Reduce -9.0% 0.20% +0.02
MMM 3M Co. Reduce -0.0% 0.16% +0.02
YUM Yum! Brands Inc. Reduce -1.0% 0.21% +0.03
MU Micron Technology Inc. Reduce -0.6% 1.11% +0.04
ELV Elevance Health Inc. Reduce -0.9% 0.35% +0.06
JPM JPMorgan Chase & Co. Reduce -1.1% 4.09% +0.10
FISV Fiserv Inc. Reduce -0.1% 2.40% +0.20
JNJ Johnson & Johnson Reduce -0.6% 1.56% +0.21

Portfolio Buys Q4 2024 → Q1 2025
ASML ASML Holding NV-NY Reg SHS New 0.94% +0.94
BRK.B Berkshire Hathaway Inc. Class B Add +2.1% 3.32% +0.59
AMT American Tower Corp. Add +0.7% 2.12% +0.37
ICE Intercontinental Exchange Inc. Add +0.8% 1.94% +0.30
VRSN Verisign Inc. Add +0.5% 1.35% +0.27
PM Philip Morris International Add +1.7% 0.95% +0.25
LIN Linde PLC Add +0.2% 1.47% +0.17
OTIS Otis Worldwide Corp. Add +0.3% 1.06% +0.12
UNP Union Pacific Corp. Add +0.1% 2.44% +0.12
CPAY Corpay Inc. Add +0.2% 1.53% +0.07
ZTS Zoetis Inc. Add +0.4% 1.63% +0.05
LH Labcorp Holdings Inc. Add +0.3% 1.18% +0.04
DUK Duke Energy Corp. Add +0.0% 0.25% +0.03
SHEL Shell PLC-ADR Add +0.5% 0.20% +0.03
CTVA Corteva Inc. New 0.02% +0.02
LHX L3HARRIS Technologies Inc. Add +0.3% 1.03% +0.01
COP Conocophillips Add +0.0% 0.16% +0.01
ORI Old Republic Intl Corp. Add +6.3% 0.03% +0.00
CPRT Copart Inc. Add +0.2% 1.99% +0.00
GEHC GE Healthcare Technology Add +0.0% 0.05% +0.00
DD Dupont DE Nemours Inc. Add +7.4% 0.03% +0.00
ENB Enbridge Inc. Add +0.0% 0.03% +0.00
FITB Fifth Third Bancorp Add +9.1% 0.06% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +9.8% 0.02% +0.00
BAC Bank of America Corp. Add +2.0% 0.12% −0.00
TMO Thermo Fisher Scientific Inc. Add +0.3% 3.15% −0.09
BKNG Booking Holdings Inc. Add +0.0% 2.09% −0.13
CRM Salesforce Inc. Add +0.2% 1.17% −0.26
GOOG Alphabet Inc. Class C Add +0.1% 4.75% −0.95

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