Monument Capital Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), Monument Capital Management reported 226 stock positions worth $400.0 million. Its top holding was Microsoft (MSFT) at 4.0% of the portfolio, followed by iShares Core S&P Total U.S. (ITOT, 2.2%) and Apple (AAPL, 2.1%). Compared with Q2 2025, it opened 40 new positions, sold out of 33, added to 30 and reduced 127. The biggest buy was a new position in Anglogold Ashanti (AU) and the biggest sale an exit from iShares MSCI Germany ETF (EWG).
- Most Recent 13F
- Q2 2026
- Location
- ALEXANDRIA, VA
- CIK
- 0001729428
- Portfolio Value
- $400.0M (Q3 2025)
- SEC Filing
- 0001729428-25-000010 ↗ filed Oct 14, 2025
Holdings Value
Holdings 226 stocks · $400.0M
| MSFT Microsoft Corp. | 4.00% | 30,895 | $16.0M | Reduce -0.7% |
| ITOT iShares Core S&P Total U.S. | 2.20% | 60,512 | $8.8M | Reduce -1.4% |
| AAPL Apple Inc. | 2.12% | 33,248 | $8.5M | Add +0.2% |
| IWF iShares Russell 1000 Growth | 1.94% | 16,563 | $7.8M | Reduce -8.3% |
| EME Emcor Group Inc. | 1.90% | 11,686 | $7.6M | Reduce -2.0% |
| CAT Caterpillar Inc. | 1.76% | 14,741 | $7.0M | Reduce -3.0% |
| IWB iShares Russell 1000 ETF | 1.73% | 18,881 | $6.9M | Reduce -7.2% |
| IWP iShares Russell Mid-Cap Grow | 1.71% | 48,129 | $6.9M | Reduce -7.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.44% | 9,601 | $5.8M | Reduce -4.5% |
| WMT Walmart Inc. | 1.37% | 53,283 | $5.5M | Reduce -2.9% |
| FIX Comfort Systems USA Inc. | 1.34% | 6,518 | $5.4M | Reduce -3.7% |
| UI Ubiquiti Inc. | 1.34% | 8,102 | $5.4M | Reduce -3.4% |
| EMB iShares JP Morgan Usd Emergi | 1.33% | 55,812 | $5.3M | Reduce -0.6% |
| FXO First Trust Financial Alphad | 1.32% | 88,639 | $5.3M | Reduce -7.3% |
| VCIT Vanguard Int-Term Corporate | 1.31% | 62,117 | $5.2M | Reduce -0.6% |
| XLC SS Comm Select Sector SPDR | 1.30% | 44,042 | $5.2M | Reduce -7.4% |
| IEI iShares 3-7 Year Treasury Bo | 1.23% | 41,321 | $4.9M | Reduce -0.5% |
| USHY iShares Broad Usd High Yield | 1.20% | 127,239 | $4.8M | Reduce -0.3% |
| BKNG Booking Holdings Inc. | 1.20% | 890 | $4.8M | Reduce -0.6% |
| FLOT iShares Floating Rate Bond E | 1.20% | 93,886 | $4.8M | Reduce -0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.19% | 54,774 | $4.8M | Reduce -6.4% |
| FXR First Trust Indst/Producers | 1.19% | 60,754 | $4.7M | Reduce -6.9% |
| XLY SS Consumer Disc Select Sect | 1.17% | 19,447 | $4.7M | Reduce -6.5% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.16% | 4,880 | $4.7M | Reduce -1.0% |
| RL Ralph Lauren Corp. | 1.16% | 14,828 | $4.6M | Reduce -1.7% |
| APH Amphenol Corp. Class A | 1.15% | 37,288 | $4.6M | Reduce -2.1% |
| CASY Casey's General Stores Inc. | 1.12% | 7,955 | $4.5M | Reduce -1.9% |
| MCK McKesson Corp. | 1.09% | 5,669 | $4.4M | Reduce -0.0% |
| NFLX Netflix Inc. | 1.08% | 3,593 | $4.3M | Add +2.9% |
| RCL Royal Caribbean Cruises Ltd. | 1.07% | 13,287 | $4.3M | Reduce -1.1% |
| LOPE Grand Canyon Education Inc. | 1.05% | 19,133 | $4.2M | Reduce -1.0% |
| MTG Mgic Investment Corp. | 1.01% | 141,796 | $4.0M | Reduce -0.6% |
| VEA Vanguard Ftse Developed ETF | 1.00% | 66,820 | $4.0M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 1.00% | 12,644 | $4.0M | Reduce -6.6% |
| EWP iShares MSCI Spain ETF | 1.00% | 80,419 | $4.0M | Reduce -7.6% |
| EBAY eBay Inc. | 0.94% | 41,310 | $3.8M | Reduce -0.3% |
| T AT&T Inc. | 0.94% | 132,429 | $3.7M | Add +5.4% |
| EWI iShares MSCI Italy ETF | 0.93% | 71,558 | $3.7M | Reduce -7.2% |
| EWO iShares MSCI Austria ETF | 0.92% | 118,592 | $3.7M | Reduce -7.4% |
| NVDA Nvidia Corp. | 0.88% | 18,881 | $3.5M | Reduce -6.2% |
| AU Anglogold Ashanti PLC | 0.88% | 49,983 | $3.5M | New |
| EXEL Exelixis Inc. | 0.88% | 84,996 | $3.5M | Reduce -1.8% |
| EIS iShares MSCI Israel ETF | 0.87% | 34,711 | $3.5M | New |
| AWI Armstrong World Industries | 0.87% | 17,673 | $3.5M | Reduce -1.5% |
| PGR Progressive Corp. | 0.87% | 14,014 | $3.5M | Reduce -1.4% |
| UBER Uber Technologies Inc. | 0.85% | 34,837 | $3.4M | Add +1.3% |
| TT Trane Technologies PLC | 0.84% | 7,966 | $3.4M | Reduce -0.9% |
| HLI Houlihan Lokey Inc. | 0.84% | 16,333 | $3.4M | Reduce -1.2% |
| EWH iShares MSCI Hong Kong ETF | 0.84% | 155,297 | $3.3M | New |
| TPR Tapestry Inc. | 0.83% | 29,226 | $3.3M | Add +959.7% |
| PEGA Pegasystems Inc. | 0.81% | 56,612 | $3.3M | Reduce -0.5% |
| HIG Hartford Insurance Group Inc. | 0.81% | 24,314 | $3.2M | Add +0.3% |
| NRG NRG Energy Inc. | 0.79% | 19,529 | $3.2M | Reduce -0.5% |
| CAH Cardinal Health Inc. | 0.77% | 19,730 | $3.1M | Reduce -0.3% |
| ALL Allstate Corp. | 0.75% | 14,037 | $3.0M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.75% | 9,054 | $3.0M | Reduce -14.2% |
| JBL Jabil Inc. | 0.75% | 13,738 | $3.0M | New |
| BLD Topbuild Corp. | 0.74% | 7,621 | $3.0M | New |
| RDN Radian Group Inc. | 0.74% | 81,869 | $3.0M | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.73% | 19,009 | $2.9M | Reduce -6.0% |
| CCEP Coca-Cola Europacific Partne | 0.69% | 30,304 | $2.7M | Reduce -0.3% |
| SYF Synchrony Financial | 0.68% | 38,489 | $2.7M | New |
| CALM Cal-Maine Foods Inc. | 0.65% | 27,814 | $2.6M | Reduce -2.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.65% | 7,922 | $2.6M | Add +0.0% |
| DRI Darden Restaurants Inc. | 0.64% | 13,477 | $2.6M | Add +1.5% |
| NEU Newmarket Corp. | 0.64% | 3,077 | $2.5M | New |
| EVR Evercore Inc. Class A | 0.59% | 6,938 | $2.3M | New |
| GOOGL Alphabet Inc. Class A | 0.58% | 9,617 | $2.3M | Add +11.0% |
| PWR Quanta Services Inc. | 0.58% | 5,633 | $2.3M | Reduce -6.9% |
| JNJ Johnson & Johnson | 0.58% | 12,566 | $2.3M | Add +109.0% |
| AMZN Amazon.com Inc. | 0.56% | 10,279 | $2.3M | Add +0.0% |
| META Meta Platforms Inc. Class A | 0.54% | 2,916 | $2.1M | Add +10.6% |
| V Visa Inc. Class A | 0.53% | 6,263 | $2.1M | Reduce -6.0% |
| HALO Halozyme Therapeutics Inc. | 0.50% | 27,468 | $2.0M | New |
| RSP Invesco S&P 500 Equal Weight | 0.50% | 10,440 | $2.0M | Reduce -14.8% |
| PM Philip Morris International | 0.48% | 11,918 | $1.9M | Reduce -4.8% |
| EZA iShares MSCI South Africa Et | 0.47% | 29,491 | $1.9M | Reduce -6.9% |
| LLY Eli Lilly & Co. | 0.46% | 2,416 | $1.8M | Reduce -6.7% |
| HD Home Depot Inc. | 0.44% | 4,300 | $1.7M | Reduce -6.5% |
| MCHI iShares MSCI China ETF | 0.43% | 26,404 | $1.7M | New |
| ORCL Oracle Corp. | 0.43% | 6,057 | $1.7M | Reduce -1.6% |
| EPOL iShares MSCI Poland ETF | 0.41% | 51,539 | $1.7M | Reduce -7.0% |
| XOM Exxon Mobil Corp. | 0.41% | 14,408 | $1.6M | Reduce -11.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.38% | 2 | $1.5M | No change |
| RSPT Invesco S&P 500 Equal Weight | 0.37% | 32,970 | $1.5M | Reduce -8.8% |
| KO The Coca-Cola Co. | 0.36% | 21,997 | $1.5M | Reduce -5.8% |
| ABBV Abbvie Inc. | 0.36% | 6,211 | $1.4M | Reduce -4.8% |
| MO Altria Group Inc. | 0.32% | 19,236 | $1.3M | Add +53.5% |
| WM Waste Management Inc. | 0.28% | 5,159 | $1.1M | Reduce -7.8% |
| MA Mastercard Inc. Class A | 0.28% | 1,952 | $1.1M | Reduce -7.6% |
| GILD Gilead Sciences Inc. | 0.27% | 9,814 | $1.1M | Add +6.2% |
| CSCO Cisco Systems Inc. | 0.27% | 15,831 | $1.1M | Reduce -3.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 7,351 | $1.1M | Reduce -13.6% |
| SCI Service Corp. International | 0.26% | 12,694 | $1.1M | Reduce -2.8% |
| CVX Chevron Corp. | 0.26% | 6,631 | $1.0M | Add +39.8% |
| ORLY O'reilly Automotive Inc. | 0.26% | 9,549 | $1.0M | Add +3.0% |
| TFC Truist Financial Corp. | 0.25% | 22,280 | $1.0M | No change |
| ED Consolidated Edison Inc. | 0.25% | 9,921 | $997K | Add +72.6% |
| MRK Merck & Co. Inc. | 0.25% | 11,878 | $997K | Add +95.3% |
| PLTR Palantir Technologies Inc. Class A | 0.24% | 5,278 | $963K | Add +5.0% |
Portfolio Sells Q2 2025 → Q3 2025
| EWG iShares MSCI Germany ETF | Sold out | 0.00% | −0.96 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −0.96 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.95 |
| BMI Badger Meter Inc. | Reduce -92.7% | 0.05% | −0.94 |
| EWQ iShares MSCI France ETF | Sold out | 0.00% | −0.90 |
| RS Reliance Inc. | Sold out | 0.00% | −0.77 |
| PPC Pilgrim's Pride Corp. | Sold out | 0.00% | −0.76 |
| KR Kroger Co. | Sold out | 0.00% | −0.76 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.74 |
| TXRH Texas Roadhouse Inc. | Sold out | 0.00% | −0.69 |
| EWY iShares MSCI South Korea ETF | Sold out | 0.00% | −0.45 |
| GWW WW Grainger Inc. | Reduce -1.0% | 1.16% | −0.17 |
| IWP iShares Russell Mid-Cap Grow | Reduce -7.4% | 1.71% | −0.16 |
| BKNG Booking Holdings Inc. | Reduce -0.6% | 1.20% | −0.15 |
| PGR Progressive Corp. | Reduce -1.4% | 0.87% | −0.12 |
| EXEL Exelixis Inc. | Reduce -1.8% | 0.88% | −0.12 |
| PM Philip Morris International | Reduce -4.8% | 0.48% | −0.11 |
| IT Gartner Inc. | Sold out | 0.00% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -6.0% | 0.73% | −0.11 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.10 |
| CAH Cardinal Health Inc. | Reduce -0.3% | 0.77% | −0.09 |
| RSP Invesco S&P 500 Equal Weight | Reduce -14.8% | 0.50% | −0.08 |
| CALM Cal-Maine Foods Inc. | Reduce -2.2% | 0.65% | −0.08 |
| V Visa Inc. Class A | Reduce -6.0% | 0.53% | −0.08 |
| FXO First Trust Financial Alphad | Reduce -7.3% | 1.32% | −0.08 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.08 |
| FXR First Trust Indst/Producers | Reduce -6.9% | 1.19% | −0.08 |
| TT Trane Technologies PLC | Reduce -0.9% | 0.84% | −0.08 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.07 |
| IWB iShares Russell 1000 ETF | Reduce -7.2% | 1.73% | −0.07 |
| CNS Cohen & Steers Inc. | Sold out | 0.00% | −0.07 |
| STEP Stepstone Group Inc. Class A | Sold out | 0.00% | −0.07 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.07 |
| ACT Enact Holdings Inc. | Sold out | 0.00% | −0.07 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.07 |
| COKE Coca-Cola Consolidated Inc. | Sold out | 0.00% | −0.07 |
| NHI Natl Health Investors Inc. | Sold out | 0.00% | −0.07 |
| KO The Coca-Cola Co. | Reduce -5.8% | 0.36% | −0.07 |
| FOXA Fox Corp. Class A | Reduce -34.3% | 0.16% | −0.07 |
| FFIN First Finl Bankshares Inc. | Sold out | 0.00% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -6.7% | 0.46% | −0.06 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.06 |
| TOWN Towne Bank | Sold out | 0.00% | −0.06 |
| EWO iShares MSCI Austria ETF | Reduce -7.4% | 0.92% | −0.06 |
| IBOC International Bancshares CRP | Sold out | 0.00% | −0.06 |
| AROC Archrock Inc. | Sold out | 0.00% | −0.06 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.06 |
| IWF iShares Russell 1000 Growth | Reduce -8.3% | 1.94% | −0.06 |
| UMBF Umb Financial Corp. | Sold out | 0.00% | −0.06 |
| FICO Fair Isaac Corp. | Reduce -10.7% | 0.13% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| AU Anglogold Ashanti PLC | New | 0.88% | +0.88 |
| EIS iShares MSCI Israel ETF | New | 0.87% | +0.87 |
| EWH iShares MSCI Hong Kong ETF | New | 0.84% | +0.84 |
| TPR Tapestry Inc. | Add +959.7% | 0.83% | +0.76 |
| JBL Jabil Inc. | New | 0.75% | +0.75 |
| BLD Topbuild Corp. | New | 0.74% | +0.74 |
| SYF Synchrony Financial | New | 0.68% | +0.68 |
| NEU Newmarket Corp. | New | 0.64% | +0.64 |
| EVR Evercore Inc. Class A | New | 0.59% | +0.59 |
| HALO Halozyme Therapeutics Inc. | New | 0.50% | +0.50 |
| MCHI iShares MSCI China ETF | New | 0.43% | +0.43 |
| JNJ Johnson & Johnson | Add +109.0% | 0.58% | +0.34 |
| AAPL Apple Inc. | Add +0.2% | 2.12% | +0.34 |
| GOOGL Alphabet Inc. Class A | Add +11.0% | 0.58% | +0.19 |
| PEP Pepsico Inc. | New | 0.15% | +0.15 |
| MO Altria Group Inc. | Add +53.5% | 0.32% | +0.13 |
| MRK Merck & Co. Inc. | Add +95.3% | 0.25% | +0.12 |
| NVS Novartis AG-Sponsored ADR | New | 0.12% | +0.12 |
| VZ Verizon Communications Inc. | New | 0.12% | +0.12 |
| TSLX Sixth Street Specialty Lendi | New | 0.11% | +0.11 |
| ED Consolidated Edison Inc. | Add +72.6% | 0.25% | +0.10 |
| FDUS Fidus Investment Corp. | New | 0.10% | +0.10 |
| GBDC Golub Capital BDC Inc. | New | 0.10% | +0.10 |
| HTGC Hercules Capital Inc. | Add +121.8% | 0.16% | +0.09 |
| CVX Chevron Corp. | Add +39.8% | 0.26% | +0.08 |
| MDT Medtronic PLC | New | 0.08% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +15.3% | 0.22% | +0.08 |
| BXSL Blackstone Secured Lending F | Add +136.5% | 0.15% | +0.07 |
| BLK BlackRock Inc. | Add +104.1% | 0.13% | +0.07 |
| DDS Dillards Inc. Class A | New | 0.07% | +0.07 |
| ARCC Ares Capital Corp. | Add +69.5% | 0.20% | +0.07 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.07% | +0.07 |
| GHC Graham Holdings Co. Class B | New | 0.06% | +0.06 |
| CG The Carlyle Group Inc. | New | 0.06% | +0.06 |
| TTE Totalenergies SE -Spon ADR | New | 0.06% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +5.0% | 0.24% | +0.06 |
| IBP Installed Building Products | New | 0.06% | +0.06 |
| CMI Cummins Inc. | New | 0.06% | +0.06 |
| MDLZ Mondelez International Inc. Class A | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | New | 0.06% | +0.06 |
| TSLA Tesla Inc. | Add +21.5% | 0.15% | +0.06 |
| O Realty Income Corp. | New | 0.06% | +0.06 |
| HSBC HSBC Holdings PLC-Spons ADR | New | 0.06% | +0.06 |
| VICI Vici Properties Inc. | New | 0.05% | +0.05 |
| VNO Vornado Realty Trust | New | 0.05% | +0.05 |
| CCI Crown Castle Inc. | New | 0.05% | +0.05 |
| MUR Murphy Oil Corp. | New | 0.05% | +0.05 |
| FAST Fastenal Co. | New | 0.05% | +0.05 |
| CUBE Cubesmart | New | 0.05% | +0.05 |
| TMUS T-Mobile US Inc. | New | 0.05% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 262 | $497.2M | CAT, MSFT, FIX, IWF, AAPL |
| Q1 2026 | 217 | $399.1M | MSFT, CAT, AAPL, ITOT, FIX |
| Q4 2025 | 220 | $402.0M | MSFT, AAPL, ITOT, CAT, IWF |
| Q3 2025 | 226 | $400.0M | MSFT, ITOT, AAPL, IWF, EME |
| Q2 2025 | 219 | $383.9M | MSFT, ITOT, IWF, IWP, IWB |
| Q1 2025 | 193 | $325.3M | MSFT, ITOT, AAPL, IWF, IWB |
| Q4 2024 | 198 | $362.6M | ITOT, VEA, QQQ, MSFT, AAPL |
| Q3 2024 | 194 | $361.6M | ITOT, VEA, QQQ, MSFT, AAPL |
| Q2 2024 | 178 | $339.9M | ITOT, VEA, QQQ, MSFT, RSPT |
| Q1 2024 | 187 | $347.0M | ITOT, VEA, MSFT, QQQ, USHY |