Mill Capital Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Mill Capital Management, LLC reported 130 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 9.8% of the portfolio, followed by Alphabet Class C (GOOG, 7.2%) and Microsoft (MSFT, 5.7%). Compared with Q4 2025, it opened 4 new positions, sold out of 3, added to 27 and reduced 49. The biggest buy was a new position in S&P Global (SPGI) and the biggest sale Corpay (CPAY, shares −98%).

Most Recent 13F
Q2 2026
Location
CONCORD, NC
CIK
0001901166
Portfolio Value
$1.3B (Q1 2026)
SEC Filing
0001398344-26-008209 ↗ filed May 4, 2026

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 Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.3B $1.3B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 130 stocks · $1.3B
AAPL Apple Inc. 9.75% 505,298 $128.2M Reduce -0.5%
GOOG Alphabet Inc. Class C 7.24% 331,724 $95.2M Reduce -3.0%
MSFT Microsoft Corp. 5.67% 201,553 $74.6M Add +0.5%
BRK.A Berkshire Hathaway Inc. Class A 5.57% 102 $73.3M Reduce -12.8%
XOM Exxon Mobil Corp. 4.72% 365,801 $62.1M Reduce -0.0%
V Visa Inc. Class A 4.47% 194,639 $58.8M Add +1.5%
JPM JPMorgan Chase & Co. 4.44% 198,511 $58.4M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 3.28% 89,884 $43.1M Add +11.2%
MU Micron Technology Inc. 3.13% 121,997 $41.2M Reduce -9.3%
AMZN Amazon.com Inc. 3.06% 193,176 $40.2M Add +1.0%
TMO Thermo Fisher Scientific Inc. 3.02% 80,887 $39.8M Add +0.1%
AXP American Express Co. 2.80% 121,534 $36.8M Reduce -0.2%
UNP Union Pacific Corp. 2.48% 134,355 $32.6M Add +3.3%
JNJ Johnson & Johnson 2.21% 118,774 $29.0M Add +0.1%
TDG Transdigm Group Inc. 2.20% 24,940 $28.9M Add +0.2%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 2.02% 20,118 $26.6M Reduce -0.3%
BKNG Booking Holdings Inc. 1.83% 5,721 $24.1M Add +1.1%
ICE Intercontinental Exchange Inc. 1.81% 151,502 $23.8M Add +3.5%
GOOGL Alphabet Inc. Class A 1.66% 75,969 $21.8M Reduce -4.7%
LHX L3HARRIS Technologies Inc. 1.63% 62,061 $21.4M Add +0.1%
AMT American Tower Corp. 1.62% 123,311 $21.3M Add +0.3%
ZTS Zoetis Inc. 1.56% 173,822 $20.5M Add +6.8%
LIN Linde PLC 1.55% 41,092 $20.4M Add +2.1%
SPGI S&P Global Inc. 1.41% 43,470 $18.5M New
LH Labcorp Holdings Inc. 1.31% 64,547 $17.2M Add +0.4%
VRSN Verisign Inc. 1.27% 66,973 $16.6M Add +0.1%
UNH Unitedhealth Group Inc. 1.22% 59,471 $16.1M Reduce -1.3%
CPRT Copart Inc. 1.14% 449,887 $14.9M Add +1.1%
PM Philip Morris International 0.91% 72,222 $11.9M No change
CRM Salesforce Inc. 0.85% 59,943 $11.2M Reduce -0.2%
OTIS Otis Worldwide Corp. 0.85% 144,443 $11.1M Add +0.4%
APH Amphenol Corp. Class A 0.84% 87,224 $11.0M Add +8.1%
BSX Boston Scientific Corp. 0.71% 149,756 $9.4M Add +39.6%
MRK Merck & Co. Inc. 0.59% 64,423 $7.7M No change
LRCX Lam Research Corp. 0.56% 34,650 $7.4M Reduce -1.4%
TT Trane Technologies PLC 0.56% 17,629 $7.3M Reduce -1.1%
WFC Wells Fargo & Co. 0.48% 79,494 $6.3M Reduce -2.5%
CAT Caterpillar Inc. 0.46% 8,458 $6.0M Reduce -3.9%
CVX Chevron Corp. 0.44% 27,686 $5.7M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.42% 19,265 $5.5M No change
PG The Procter & Gamble Co. 0.39% 35,663 $5.2M Reduce -5.1%
CMCSA Comcast Corp. Class A 0.33% 150,777 $4.3M Reduce -19.7%
PFE Pfizer Inc. 0.33% 153,865 $4.3M Reduce -2.8%
ETN Eaton Corp. PLC 0.32% 11,850 $4.2M No change
GEV GE Vernova Inc. 0.29% 4,386 $3.8M No change
MLM Martin Marietta Materials 0.28% 6,225 $3.7M No change
DUK Duke Energy Corp. 0.24% 24,327 $3.2M Reduce -6.4%
ELV Elevance Health Inc. 0.23% 10,142 $3.0M No change
SHEL Shell PLC-ADR 0.22% 31,662 $2.9M Reduce -7.5%
NSC Norfolk Southern Corp. 0.20% 9,138 $2.6M No change
BMY Bristol-Myers Squibb Co. 0.20% 42,868 $2.6M Reduce -7.5%
KO The Coca-Cola Co. 0.20% 34,017 $2.6M Reduce -0.1%
HD Home Depot Inc. 0.18% 7,300 $2.4M Reduce -1.0%
YUM Yum! Brands Inc. 0.18% 15,417 $2.4M Reduce -9.2%
ORCL Oracle Corp. 0.17% 15,497 $2.3M No change
NEE Nextera Energy Inc. 0.17% 24,000 $2.2M No change
RSG Republic Services Inc. 0.17% 10,102 $2.2M No change
COP Conocophillips 0.17% 16,741 $2.2M Reduce -11.3%
GS Goldman Sachs Group Inc. 0.16% 2,541 $2.1M No change
SPAB SS SPDR P Agg Bond ETF 0.16% 81,113 $2.1M Add +37.5%
MDLZ Mondelez International Inc. Class A 0.15% 34,615 $2.0M Reduce -15.1%
VTEB Vanguard Tax-Exempt Bond ETF 0.15% 38,477 $1.9M Add +50.5%
MMM 3M Co. 0.14% 13,035 $1.9M Reduce -1.1%
TXN Texas Instruments Inc. 0.14% 9,500 $1.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 34,952 $1.7M Reduce -0.6%
LLY Eli Lilly & Co. 0.13% 1,828 $1.7M No change
EMR Emerson Electric Co. 0.13% 12,632 $1.7M No change
SYK Stryker Corp. 0.12% 4,819 $1.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.12% 9,550 $1.5M No change
MCD McDonald's Corp. 0.11% 4,850 $1.5M Reduce -3.2%
CME Cme Group Inc. 0.10% 4,500 $1.3M No change
MSI Motorola Solutions Inc. 0.10% 2,910 $1.3M Reduce -0.8%
LOW Lowe's Cos Inc. 0.09% 5,058 $1.2M No change
IAU iShares Gold Trust 0.09% 12,994 $1.1M No change
IR Ingersoll-Rand Inc. 0.08% 13,095 $1.0M Reduce -11.9%
CB Chubb Ltd. 0.08% 3,210 $1.0M No change
IWR iShares Russell Mid-Cap ETF 0.08% 10,524 $1.0M No change
FCNCA First Citizens Bcshs Class A 0.08% 525 $989K No change
L Loews Corp. 0.08% 9,266 $989K Reduce -16.5%
ABBV Abbvie Inc. 0.07% 4,422 $962K No change
CMI Cummins Inc. 0.07% 1,665 $896K No change
HON Honeywell International Inc. 0.07% 3,788 $856K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 8,638 $833K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 3,405 $825K Reduce -17.3%
FITB Fifth Third Bancorp 0.06% 17,182 $798K No change
BP BP PLC-Spons ADR 0.06% 15,416 $725K Reduce -3.7%
BDX Becton Dickinson and Co. 0.05% 4,343 $683K Reduce -21.6%
NVS Novartis AG-Sponsored ADR 0.05% 4,388 $670K No change
PSX Phillips 66 0.05% 3,462 $631K Reduce -16.5%
KMB Kimberly-Clark Corp. 0.05% 6,342 $612K Reduce -0.9%
ZBH Zimmer Biomet Holdings Inc. 0.05% 6,761 $611K No change
PEP Pepsico Inc. 0.05% 3,869 $601K Reduce -18.2%
AVGO Broadcom Inc. 0.04% 1,868 $578K No change
WEC WEC Energy Group Inc. 0.04% 4,824 $558K No change
SUSA iShares ESG Optimized MSCI U 0.04% 4,150 $548K No change
GEHC GE Healthcare Technology 0.04% 7,055 $502K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.04% 751 $488K Add +13.1%
GRMN Garmin Ltd. 0.04% 2,037 $473K No change
WMT Walmart Inc. 0.04% 3,747 $466K No change
PNC PNC Financial Services Group 0.03% 2,076 $432K No change
ENB Enbridge Inc. 0.03% 7,421 $402K Reduce -19.6%
ORI Old Republic Intl Corp. 0.03% 9,423 $376K Reduce -14.4%
IVV iShares Core S&P 500 ETF 0.03% 550 $359K No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.03% 5,650 $334K Reduce -9.6%
DGX Quest Diagnostics Inc. 0.02% 1,620 $317K No change
LNC Lincoln National Corp. 0.02% 8,222 $292K Reduce -19.7%
TRV The Travelers Cos Inc. 0.02% 1,000 $292K No change
RF Regions Financial Corp. 0.02% 10,880 $284K Reduce -10.6%
CPAY Corpay Inc. 0.02% 950 $276K Reduce -98.3%
DEO Diageo PLC-Sponsored ADR 0.02% 3,698 $275K Reduce -2.6%
FDX FedEx Corp. 0.02% 750 $267K Add +7.1%
TSLA Tesla Inc. 0.02% 710 $264K No change
IWP iShares Russell Mid-Cap Grow 0.02% 2,020 $259K No change
YUMC Yum China Holdings Inc. 0.02% 5,182 $253K Reduce -15.5%
MBB iShares MBS ETF 0.02% 2,584 $245K Add +25.4%
LMT Lockheed Martin Corp. 0.02% 375 $227K New
ITW Illinois Tool Works 0.02% 857 $223K No change
Q Qnity Electronics Inc. 0.02% 1,923 $222K Reduce -22.4%
BLK BlackRock Inc. 0.02% 226 $217K Reduce -4.2%
DD Dupont DE Nemours Inc. 0.02% 4,532 $208K New
ACWI iShares MSCI Acwi ETF 0.02% 1,500 $208K No change
SSB Southstate Bank Corp. 0.02% 2,214 $205K Reduce -9.2%
ADP Automatic Data Processing 0.02% 1,000 $203K No change
DOW Dow Inc. filed as DOW HLDGS INC 0.02% 4,853 $202K New
IWF iShares Russell 1000 Growth 0.01% 400 $171K No change
IJR iShares Core S&P Small-Cap E 0.01% 1,200 $149K No change
ITOT iShares Core S&P Total U.S. 0.01% 1,034 $147K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 900 $91K No change
EEM iShares MSCI Emerging Market 0.01% 1,500 $85K No change
IWM iShares Russell 2000 ETF 0.00% 211 $52K Add +1.0%

Portfolio Sells Q4 2025 → Q1 2026
CPAY Corpay Inc. Reduce -98.3% 0.02% −1.17
BRK.A Berkshire Hathaway Inc. Class A Reduce -12.8% 5.57% −0.80
GOOG Alphabet Inc. Class C Reduce -3.0% 7.24% −0.50
AXP American Express Co. Reduce -0.2% 2.80% −0.46
CRM Salesforce Inc. Reduce -0.2% 0.85% −0.30
UNH Unitedhealth Group Inc. Reduce -1.3% 1.22% −0.21
AAPL Apple Inc. Reduce -0.5% 9.75% −0.21
GOOGL Alphabet Inc. Class A Reduce -4.7% 1.66% −0.14
CMCSA Comcast Corp. Class A Reduce -19.7% 0.33% −0.08
WFC Wells Fargo & Co. Reduce -2.5% 0.48% −0.07
BDX Becton Dickinson and Co. Reduce -21.6% 0.05% −0.03
IBM Intl Business Machines Corp. Reduce -17.3% 0.06% −0.03
TFC Truist Financial Corp. Sold out 0.00% −0.02
CTVA Corteva Inc. Sold out 0.00% −0.01
SOLV Solventum Corp. Sold out 0.00% −0.01
LNC Lincoln National Corp. Reduce -19.7% 0.02% −0.01
BAC Bank of America Corp. Reduce -0.6% 0.13% −0.01
L Loews Corp. Reduce -16.5% 0.08% −0.01
MMM 3M Co. Reduce -1.1% 0.14% −0.01
ORI Old Republic Intl Corp. Reduce -14.4% 0.03% −0.01
MDLZ Mondelez International Inc. Class A Reduce -15.1% 0.15% −0.01
IR Ingersoll-Rand Inc. Reduce -11.9% 0.08% −0.01
PEP Pepsico Inc. Reduce -18.2% 0.05% −0.00
VMRK Vivmark Residential Reduce -9.6% 0.03% −0.00
YUM Yum! Brands Inc. Reduce -9.2% 0.18% −0.00
DEO Diageo PLC-Sponsored ADR Reduce -2.6% 0.02% −0.00
RF Regions Financial Corp. Reduce -10.6% 0.02% −0.00
YUMC Yum China Holdings Inc. Reduce -15.5% 0.02% −0.00
BLK BlackRock Inc. Reduce -4.2% 0.02% −0.00
ENB Enbridge Inc. Reduce -19.6% 0.03% −0.00
SSB Southstate Bank Corp. Reduce -9.2% 0.02% −0.00
HD Home Depot Inc. Reduce -1.0% 0.18% −0.00
KMB Kimberly-Clark Corp. Reduce -0.9% 0.05% −0.00
Q Qnity Electronics Inc. Reduce -22.4% 0.02% +0.00
PG The Procter & Gamble Co. Reduce -5.1% 0.39% +0.00
MCD McDonald's Corp. Reduce -3.2% 0.11% +0.00
PSX Phillips 66 Reduce -16.5% 0.05% +0.01
MSI Motorola Solutions Inc. Reduce -0.8% 0.10% +0.01
BP BP PLC-Spons ADR Reduce -3.7% 0.06% +0.01
BMY Bristol-Myers Squibb Co. Reduce -7.5% 0.20% +0.02
DUK Duke Energy Corp. Reduce -6.4% 0.24% +0.02
KO The Coca-Cola Co. Reduce -0.1% 0.20% +0.03
COP Conocophillips Reduce -11.3% 0.17% +0.04
SHEL Shell PLC-ADR Reduce -7.5% 0.22% +0.04
PFE Pfizer Inc. Reduce -2.8% 0.33% +0.04
TT Trane Technologies PLC Reduce -1.1% 0.56% +0.06
CAT Caterpillar Inc. Reduce -3.9% 0.46% +0.09
LRCX Lam Research Corp. Reduce -1.4% 0.56% +0.13
CVX Chevron Corp. Reduce -0.3% 0.44% +0.13
MU Micron Technology Inc. Reduce -9.3% 3.13% +0.36

Portfolio Buys Q4 2025 → Q1 2026
SPGI S&P Global Inc. New 1.41% +1.41
JNJ Johnson & Johnson Add +0.1% 2.21% +0.44
BRK.B Berkshire Hathaway Inc. Class B Add +11.2% 3.28% +0.34
LHX L3HARRIS Technologies Inc. Add +0.1% 1.63% +0.32
LIN Linde PLC Add +2.1% 1.55% +0.31
UNP Union Pacific Corp. Add +3.3% 2.48% +0.31
LH Labcorp Holdings Inc. Add +0.4% 1.31% +0.15
ICE Intercontinental Exchange Inc. Add +3.5% 1.81% +0.10
VRSN Verisign Inc. Add +0.1% 1.27% +0.09
ZTS Zoetis Inc. Add +6.8% 1.56% +0.09
AMT American Tower Corp. Add +0.3% 1.62% +0.06
VTEB Vanguard Tax-Exempt Bond ETF Add +50.5% 0.15% +0.05
APH Amphenol Corp. Class A Add +8.1% 0.84% +0.05
SPAB SS SPDR P Agg Bond ETF Add +37.5% 0.16% +0.05
LMT Lockheed Martin Corp. New 0.02% +0.02
DD Dupont DE Nemours Inc. New 0.02% +0.02
DOW Dow Inc. New 0.02% +0.02
FDX FedEx Corp. Add +7.1% 0.02% +0.01
MBB iShares MBS ETF Add +25.4% 0.02% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +13.1% 0.04% +0.00
IWM iShares Russell 2000 ETF Add +1.0% 0.00% +0.00
BSX Boston Scientific Corp. Add +39.6% 0.71% −0.02
OTIS Otis Worldwide Corp. Add +0.4% 0.85% −0.06
CPRT Copart Inc. Add +1.1% 1.14% −0.12
AMZN Amazon.com Inc. Add +1.0% 3.06% −0.13
JPM JPMorgan Chase & Co. Add +0.2% 4.44% −0.17
TDG Transdigm Group Inc. Add +0.2% 2.20% −0.19
BKNG Booking Holdings Inc. Add +1.1% 1.83% −0.35
TMO Thermo Fisher Scientific Inc. Add +0.1% 3.02% −0.36
V Visa Inc. Class A Add +1.5% 4.47% −0.38
MSFT Microsoft Corp. Add +0.5% 5.67% −1.32

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