Morgan Dempsey Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 3, 2026), Morgan Dempsey Capital Management LLC reported 122 stock positions worth $233.4 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 4.5% of the portfolio, followed by Citigroup (C, 3.8%) and Cummins (CMI, 3.8%). Compared with Q1 2026, it opened 6 new positions, sold out of 7, added to 49 and reduced 20. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +71%) and the biggest sale Main Street Capital (MAIN, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001050463
- Portfolio Value
- $233.4M (Q2 2026)
- SEC Filing
- 0001941040-26-000498 ↗ filed Aug 3, 2026
Holdings Value
Holdings 122 stocks · $233.4M
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.48% | 114,108 | $10.5M | Add +71.3% |
| C Citigroup Inc. | 3.85% | 64,124 | $9.0M | Reduce -20.5% |
| CMI Cummins Inc. | 3.82% | 12,509 | $8.9M | Add +2.9% |
| ETR Entergy Corp. | 3.71% | 75,458 | $8.7M | Add +3.1% |
| CSCO Cisco Systems Inc. | 3.69% | 73,393 | $8.6M | Reduce -26.9% |
| XOM Exxon Mobil Corp. | 3.61% | 61,676 | $8.4M | Add +2.9% |
| WEC WEC Energy Group Inc. | 3.23% | 64,642 | $7.5M | Add +2.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.13% | 25,939 | $7.3M | Add +23.3% |
| JNJ Johnson & Johnson | 3.03% | 27,812 | $7.1M | Reduce -2.0% |
| PBA Pembina Pipeline Corp. | 2.94% | 148,296 | $6.9M | Add +3.0% |
| UPS United Parcel Service Class B | 2.89% | 62,845 | $6.8M | Add +27.2% |
| KO The Coca-Cola Co. | 2.84% | 81,153 | $6.6M | Add +3.1% |
| GD General Dynamics Corp. | 2.81% | 18,483 | $6.5M | Add +3.3% |
| CVX Chevron Corp. | 2.74% | 38,597 | $6.4M | Add +2.9% |
| LMT Lockheed Martin Corp. | 2.66% | 12,207 | $6.2M | Add +3.5% |
| WFC Wells Fargo & Co. | 2.66% | 75,035 | $6.2M | Add +3.2% |
| T AT&T Inc. | 2.61% | 294,433 | $6.1M | Add +3.3% |
| OKE Oneok Inc. | 2.59% | 69,634 | $6.1M | Add +3.7% |
| MRK Merck & Co. Inc. | 2.47% | 44,625 | $5.8M | Add +3.0% |
| PM Philip Morris International | 2.36% | 30,150 | $5.5M | Add +3.2% |
| MCD McDonald's Corp. | 2.34% | 20,199 | $5.5M | Add +40.7% |
| PEP Pepsico Inc. | 2.32% | 39,911 | $5.4M | Add +43.5% |
| ES Eversource Energy | 2.29% | 73,953 | $5.3M | Add +3.1% |
| VOYA Voya Financial Inc. | 2.26% | 58,384 | $5.3M | Add +44.9% |
| DUK Duke Energy Corp. | 2.25% | 41,552 | $5.3M | Add +3.0% |
| VZ Verizon Communications Inc. | 2.21% | 121,911 | $5.2M | Add +3.2% |
| RIO Rio Tinto PLC-Spon ADR | 2.18% | 53,677 | $5.1M | Add +3.4% |
| CME Cme Group Inc. | 2.15% | 22,695 | $5.0M | Add +3.3% |
| SO The Southern Co. | 2.14% | 52,236 | $5.0M | Add +3.1% |
| UNP Union Pacific Corp. | 2.08% | 17,834 | $4.9M | Add +33.2% |
| MDT Medtronic PLC | 2.08% | 61,417 | $4.8M | Add +3.0% |
| PRU Prudential Financial Inc. | 1.91% | 41,326 | $4.5M | Reduce -8.1% |
| TXN Texas Instruments Inc. | 1.82% | 14,267 | $4.3M | Add +3.4% |
| CCI Crown Castle Inc. | 1.65% | 50,708 | $3.8M | Add +7.0% |
| SBUX Starbucks Corp. | 1.49% | 34,039 | $3.5M | Add +2.9% |
| PLD Prologis Inc. | 1.29% | 22,297 | $3.0M | New |
| EGY Vaalco Energy Inc. | 0.42% | 192,094 | $976K | Add +4.9% |
| FEIM Frequency Electronics Inc. | 0.33% | 11,484 | $762K | Add +5.2% |
| UFPT Ufp Technologies Inc. | 0.32% | 2,851 | $756K | Add +14.8% |
| DAC Danaos Corp. | 0.30% | 5,675 | $700K | Add +7.6% |
| TATT Tat Technologies Ltd. | 0.24% | 12,091 | $571K | Add +28.7% |
| ESP Espey MFG & Electronics Corp. | 0.24% | 8,387 | $568K | Add +3.6% |
| MDLV Morgan Dempsey LC Value ETF | 0.24% | 18,021 | $553K | Reduce -33.5% |
| COHU Cohu Inc. | 0.21% | 6,478 | $479K | Reduce -15.4% |
| PDEX Pro-Dex Inc. | 0.17% | 6,716 | $394K | Add +15.6% |
| AMSC American Superconductor Corp. | 0.16% | 8,819 | $366K | Add +3.6% |
| BKTI BK Technologies Corp. | 0.15% | 4,037 | $347K | Add +5.1% |
| UCTT Ultra Clean Holdings Inc. | 0.15% | 2,412 | $344K | Reduce -53.4% |
| HG Hamilton Insurance Grou Class B | 0.14% | 9,541 | $324K | Add +5.2% |
| SPSC SPS Commerce Inc. | 0.14% | 5,515 | $315K | New |
| NOA North American Construction | 0.13% | 23,326 | $315K | Add +22.3% |
| IVV iShares Core S&P 500 ETF | 0.12% | 375 | $281K | No change |
| SENEA Seneca Foods Corp. Class A | 0.12% | 1,590 | $271K | Add +1.3% |
| PLAB Photronics Inc. | 0.11% | 7,910 | $257K | Add +175.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 314 | $235K | No change |
| OPXS Optex Systems Holdings Inc. | 0.10% | 16,798 | $230K | Add +4.2% |
| SUB iShares Short-Term National | 0.09% | 2,080 | $221K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.09% | 970 | $206K | No change |
| NULV Nuveen ESG Large-Cap Val ETF | 0.08% | 3,937 | $197K | Reduce -7.3% |
| GRW TCW Durable Growth ETF | 0.08% | 5,464 | $176K | No change |
| CAT Caterpillar Inc. | 0.07% | 160 | $170K | Reduce -3.0% |
| OUSM Alps Oshares US Small-Cap Qu | 0.07% | 3,291 | $156K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 210 | $155K | Add +0.5% |
| IWD iShares Russell 1000 Value E | 0.07% | 631 | $153K | Reduce -3.5% |
| IGF iShares Global Infrastructur | 0.06% | 2,231 | $149K | No change |
| CGCB Cap Group Core Bond | 0.06% | 5,622 | $147K | No change |
| LMAT Lemaitre Vascular Inc. | 0.06% | 1,348 | $129K | New |
| DIAL Columbia Divers Fix Inc. ETF | 0.05% | 6,888 | $125K | No change |
| TDTT NT Iboxx 3Y Dur Tips ETF | 0.05% | 4,926 | $118K | No change |
| AAPL Apple Inc. | 0.05% | 365 | $106K | Reduce -8.8% |
| MFSI MFS Active International | 0.04% | 2,954 | $96K | No change |
| MDY State Street SPDR S&P Midcap | 0.04% | 125 | $88K | No change |
| MSFT Microsoft Corp. | 0.04% | 228 | $85K | No change |
| AM Antero Midstream Corp. | 0.04% | 3,687 | $84K | Add +1.0% |
| BIPC Brookfield Infrastructure-A | 0.03% | 1,993 | $77K | No change |
| KE Kimball Electronics Inc. | 0.03% | 2,611 | $67K | Add +1.7% |
| SPIP SS SPDR P Tips ETF | 0.03% | 2,536 | $65K | No change |
| IVE iShares S&P 500 Value ETF | 0.03% | 280 | $64K | No change |
| LSEQ Harbor Long-Short Equity ETF | 0.03% | 1,676 | $60K | No change |
| DVYE iShares Emerging Markets Div | 0.03% | 1,839 | $59K | No change |
| IVW iShares S&P 500 Growth ETF | 0.02% | 400 | $55K | No change |
| V Visa Inc. Class A | 0.02% | 140 | $48K | No change |
| EWJ iShares MSCI Japan ETF | 0.02% | 480 | $45K | No change |
| BAC Bank of America Corp. | 0.02% | 635 | $36K | No change |
| COM Direxion Auspice BRD Cmdty | 0.01% | 1,056 | $34K | No change |
| PAVE Global X US Infrastructure | 0.01% | 545 | $32K | No change |
| LLY Eli Lilly & Co. | 0.01% | 23 | $28K | Reduce -78.5% |
| MPWR Monolithic Power Systems Inc. | 0.01% | 19 | $26K | No change |
| ABBV Abbvie Inc. | 0.01% | 100 | $25K | No change |
| IJR iShares Core S&P Small-Cap E | 0.01% | 162 | $24K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.01% | 396 | $24K | No change |
| MAIN Main Street Capital Corp. | 0.01% | 435 | $23K | Reduce -99.4% |
| IEF iShares 7-10 Year Treasury B | 0.01% | 172 | $16K | No change |
| EMR Emerson Electric Co. | 0.01% | 105 | $15K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.01% | 145 | $14K | No change |
| VEA Vanguard Ftse Developed ETF | 0.01% | 187 | $13K | No change |
| ADBE Adobe Inc. | 0.01% | 65 | $13K | New |
| DVY iShares Select Dividend ETF | 0.01% | 75 | $12K | No change |
| HEI Heico Corp. | 0.00% | 32 | $11K | No change |
| COST Costco Wholesale Corp. | 0.00% | 11 | $10K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| MAIN Main Street Capital Corp. | Reduce -99.4% | 0.01% | −1.72 |
| GIS General Mills Inc. | Reduce -99.9% | 0.00% | −0.99 |
| C Citigroup Inc. | Reduce -20.5% | 3.85% | −0.32 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.16 |
| MDLV Morgan Dempsey LC Value ETF | Reduce -33.5% | 0.24% | −0.14 |
| JNJ Johnson & Johnson | Reduce -2.0% | 3.03% | −0.14 |
| PRU Prudential Financial Inc. | Reduce -8.1% | 1.91% | −0.09 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -78.5% | 0.01% | −0.03 |
| PENG Penguin Solutions Inc. | Sold out | 0.00% | −0.03 |
| VLGEA Village Super Market Class A | Sold out | 0.00% | −0.02 |
| PFE Pfizer Inc. | Reduce -65.7% | 0.00% | −0.00 |
| CWB SS SPDR BB Conv Sec ETF | Sold out | 0.00% | −0.00 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -7.3% | 0.08% | −0.00 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.00 |
| TJX TJX Companies Inc. | Reduce -24.1% | 0.00% | −0.00 |
| ICE Intercontinental Exchange Inc. | Reduce -20.0% | 0.00% | −0.00 |
| ABT Abbott Laboratories | Reduce -32.8% | 0.00% | −0.00 |
| MDLZ Mondelez International Inc. Class A | Reduce -26.0% | 0.00% | −0.00 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.00 |
| AAPL Apple Inc. | Reduce -8.8% | 0.05% | −0.00 |
| CI The Cigna Group | Reduce -25.0% | 0.00% | −0.00 |
| UCTT Ultra Clean Holdings Inc. | Reduce -53.4% | 0.15% | +0.00 |
| IWD iShares Russell 1000 Value E | Reduce -3.5% | 0.07% | +0.00 |
| CAT Caterpillar Inc. | Reduce -3.0% | 0.07% | +0.02 |
| COHU Cohu Inc. | Reduce -15.4% | 0.21% | +0.10 |
| CSCO Cisco Systems Inc. | Reduce -26.9% | 3.69% | +0.14 |
Portfolio Buys Q1 2026 → Q2 2026
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +71.3% | 4.48% | +1.70 |
| PLD Prologis Inc. | New | 1.29% | +1.29 |
| VOYA Voya Financial Inc. | Add +44.9% | 2.26% | +1.01 |
| CMI Cummins Inc. | Add +2.9% | 3.82% | +0.84 |
| IBM Intl Business Machines Corp. | Add +23.3% | 3.13% | +0.80 |
| UPS United Parcel Service Class B | Add +27.2% | 2.89% | +0.68 |
| TXN Texas Instruments Inc. | Add +3.4% | 1.82% | +0.60 |
| UNP Union Pacific Corp. | Add +33.2% | 2.08% | +0.60 |
| PEP Pepsico Inc. | Add +43.5% | 2.32% | +0.35 |
| MCD McDonald's Corp. | Add +40.7% | 2.34% | +0.31 |
| SBUX Starbucks Corp. | Add +2.9% | 1.49% | +0.14 |
| PM Philip Morris International | Add +3.2% | 2.36% | +0.14 |
| SPSC SPS Commerce Inc. | New | 0.14% | +0.14 |
| FEIM Frequency Electronics Inc. | Add +5.2% | 0.33% | +0.11 |
| UFPT Ufp Technologies Inc. | Add +14.8% | 0.32% | +0.10 |
| KO The Coca-Cola Co. | Add +3.1% | 2.84% | +0.10 |
| MRK Merck & Co. Inc. | Add +3.0% | 2.47% | +0.08 |
| TATT Tat Technologies Ltd. | Add +28.7% | 0.24% | +0.07 |
| PLAB Photronics Inc. | Add +175.0% | 0.11% | +0.06 |
| LMAT Lemaitre Vascular Inc. | New | 0.06% | +0.06 |
| ESP Espey MFG & Electronics Corp. | Add +3.6% | 0.24% | +0.04 |
| PDEX Pro-Dex Inc. | Add +15.6% | 0.17% | +0.04 |
| DAC Danaos Corp. | Add +7.6% | 0.30% | +0.03 |
| AMSC American Superconductor Corp. | Add +3.6% | 0.16% | +0.03 |
| ES Eversource Energy | Add +3.1% | 2.29% | +0.03 |
| WFC Wells Fargo & Co. | Add +3.2% | 2.66% | +0.02 |
| BKTI BK Technologies Corp. | Add +5.1% | 0.15% | +0.02 |
| NOA North American Construction | Add +22.3% | 0.13% | +0.02 |
| HG Hamilton Insurance Grou Class B | Add +5.2% | 0.14% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.07% | +0.01 |
| SENEA Seneca Foods Corp. Class A | Add +1.3% | 0.12% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
| GD General Dynamics Corp. | Add +3.3% | 2.81% | +0.01 |
| PBA Pembina Pipeline Corp. | Add +3.0% | 2.94% | +0.00 |
| DTCR Global X Data Center & Digit | New | 0.00% | +0.00 |
| OPXS Optex Systems Holdings Inc. | Add +4.2% | 0.10% | +0.00 |
| KE Kimball Electronics Inc. | Add +1.7% | 0.03% | +0.00 |
| IWM iShares Russell 2000 ETF | New | 0.00% | +0.00 |
| JEPI JPMorgan Equity Premium Inco | Add +1.7% | 0.00% | −0.00 |
| AM Antero Midstream Corp. | Add +1.0% | 0.04% | −0.00 |
| ETR Entergy Corp. | Add +3.1% | 3.71% | −0.03 |
| WEC WEC Energy Group Inc. | Add +2.9% | 3.23% | −0.08 |
| RIO Rio Tinto PLC-Spon ADR | Add +3.4% | 2.18% | −0.08 |
| SO The Southern Co. | Add +3.1% | 2.14% | −0.09 |
| CCI Crown Castle Inc. | Add +7.0% | 1.65% | −0.11 |
| EGY Vaalco Energy Inc. | Add +4.9% | 0.42% | −0.11 |
| DUK Duke Energy Corp. | Add +3.0% | 2.25% | −0.15 |
| OKE Oneok Inc. | Add +3.7% | 2.59% | −0.17 |
| MDT Medtronic PLC | Add +3.0% | 2.08% | −0.30 |
| VZ Verizon Communications Inc. | Add +3.2% | 2.21% | −0.49 |
Options Activity Q1 2026 → Q2 2026
| GD General Dynamics Corp. | call | Sold out | 100 | $34Kbefore exit |
| XOM Exxon Mobil Corp. | call | Sold out | 200 | $34Kbefore exit |
| JNJ Johnson & Johnson | call | Sold out | 100 | $24Kbefore exit |
| WEC WEC Energy Group Inc. | call | Sold out | 200 | $23Kbefore exit |
| C Citigroup Inc. | call | Sold out | 200 | $23Kbefore exit |
| ETR Entergy Corp. | call | Sold out | 200 | $22Kbefore exit |
| CVX Chevron Corp. | call | Sold out | 100 | $21Kbefore exit |
| T AT&T Inc. | call | Sold out | 700 | $20Kbefore exit |
| PM Philip Morris International | call | Sold out | 100 | $17Kbefore exit |
| WFC Wells Fargo & Co. | call | Sold out | 200 | $16Kbefore exit |
| CSCO Cisco Systems Inc. | call | Sold out | 200 | $16Kbefore exit |
| KO The Coca-Cola Co. | call | Sold out | 200 | $15Kbefore exit |
| VZ Verizon Communications Inc. | call | Sold out | 300 | $15Kbefore exit |
| DUK Duke Energy Corp. | call | Sold out | 100 | $13Kbefore exit |
| MRK Merck & Co. Inc. | call | Sold out | 100 | $12Kbefore exit |
| MAIN Main Street Capital Corp. | call | Sold out | 200 | $11Kbefore exit |
| UPS United Parcel Service Class B | call | Sold out | 100 | $10Kbefore exit |
| SO The Southern Co. | call | Sold out | 100 | $10Kbefore exit |
| RIO Rio Tinto PLC-Spon ADR | call | Sold out | 100 | $10Kbefore exit |
| OKE Oneok Inc. | call | Sold out | 100 | $9Kbefore exit |
| SBUX Starbucks Corp. | call | Sold out | 100 | $9Kbefore exit |
| CCI Crown Castle Inc. | call | Sold out | 100 | $8Kbefore exit |
| GIS General Mills Inc. | call | Sold out | 200 | $7Kbefore exit |
| ES Eversource Energy | call | Sold out | 100 | $7Kbefore exit |
| VOYA Voya Financial Inc. | call | Sold out | 100 | $7Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 122 | $233.4M | BIL, C, CMI, ETR, CSCO |
| Q1 2026 | 123 | $219.4M | XOM, C, T, ETR, CSCO |
| Q4 2025 | 125 | $205.2M | C, CSCO, XOM, T, CMI |
| Q3 2025 | 131 | $224.9M | C, T, WEC, CSCO, ETR |
| Q2 2025 | 129 | $239.3M | T, C, CSCO, WEC, XOM |
| Q1 2025 | 110 | $239.8M | T, PM, XOM, WEC, C |
| Q4 2024 | 104 | $248.5M | ETR, C, T, XOM, CSCO |
| Q3 2024 | 99 | $291.1M | IBM, XOM, LMT, T, WEC |
| Q2 2024 | 86 | $299.6M | XOM, IBM, C, T, MRK |
| Q1 2024 | 85 | $312.3M | PSX, XOM, IBM, C, MRK |