Morgan Dempsey Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Morgan Dempsey Capital Management LLC reported 85 stock positions worth $312.3 million. Its top holding was Phillips 66 (PSX) at 4.2% of the portfolio, followed by Exxon Mobil (XOM, 4.1%) and Intl Business Machines (IBM, 3.9%). Compared with Q4 2023, it opened 2 new positions, sold out of 10, added to 15 and reduced 40. The biggest buy was a new position in WEC Energy (WEC) and the biggest sale an exit from US Bancorp (USB).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001050463
- Portfolio Value
- $312.3M (Q1 2024)
- SEC Filing
- 0001941040-24-000225 ↗ filed May 2, 2024
Holdings Value
Holdings 85 stocks · $312.3M
| PSX Phillips 66 | 4.23% | 80,973 | $13.2M | Reduce -9.4% |
| XOM Exxon Mobil Corp. | 4.10% | 110,221 | $12.8M | Reduce -8.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.90% | 63,746 | $12.2M | Reduce -9.5% |
| C Citigroup Inc. | 3.49% | 172,332 | $10.9M | Reduce -9.1% |
| MRK Merck & Co. Inc. | 3.45% | 81,584 | $10.8M | Reduce -9.4% |
| GD General Dynamics Corp. | 3.33% | 36,849 | $10.4M | Reduce -9.6% |
| GILD Gilead Sciences Inc. | 3.15% | 134,210 | $9.8M | Reduce -11.0% |
| MDT Medtronic PLC | 3.06% | 109,713 | $9.6M | Reduce -6.9% |
| PBA Pembina Pipeline Corp. | 3.03% | 267,679 | $9.5M | Reduce -9.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.03% | 102,994 | $9.5M | Reduce -8.8% |
| LMT Lockheed Martin Corp. | 3.02% | 20,716 | $9.4M | Add +0.9% |
| PG The Procter & Gamble Co. | 3.01% | 57,938 | $9.4M | Reduce -9.2% |
| LYB Lyondellbasell Indu Class A | 3.00% | 91,478 | $9.4M | Reduce -7.7% |
| T AT&T Inc. | 2.98% | 528,340 | $9.3M | Reduce -8.6% |
| CSCO Cisco Systems Inc. | 2.97% | 185,890 | $9.3M | Reduce -8.9% |
| PRU Prudential Financial Inc. | 2.96% | 78,858 | $9.3M | Reduce -9.6% |
| VZ Verizon Communications Inc. | 2.94% | 218,990 | $9.2M | Reduce -8.7% |
| MCD McDonald's Corp. | 2.93% | 32,466 | $9.2M | Reduce -9.6% |
| CMI Cummins Inc. | 2.89% | 30,648 | $9.0M | Reduce -9.0% |
| KO The Coca-Cola Co. | 2.88% | 147,184 | $9.0M | Reduce -9.2% |
| CVX Chevron Corp. | 2.85% | 56,409 | $8.9M | Reduce -10.2% |
| KHC The Kraft Heinz Co. | 2.82% | 238,672 | $8.8M | Reduce -7.0% |
| SO The Southern Co. | 2.76% | 120,251 | $8.6M | Reduce -9.6% |
| CCI Crown Castle Inc. | 2.56% | 75,620 | $8.0M | Reduce -10.1% |
| GIS General Mills Inc. | 2.50% | 111,537 | $7.8M | Reduce -11.2% |
| PM Philip Morris International | 2.44% | 83,106 | $7.6M | Reduce -9.8% |
| JNJ Johnson & Johnson | 2.42% | 47,709 | $7.5M | Reduce -8.7% |
| PFE Pfizer Inc. | 2.38% | 268,022 | $7.4M | Reduce -5.1% |
| ENB Enbridge Inc. | 2.35% | 203,261 | $7.4M | Reduce -9.1% |
| UPS United Parcel Service Class B | 2.34% | 49,077 | $7.3M | Reduce -7.9% |
| DUK Duke Energy Corp. | 2.30% | 74,178 | $7.2M | Reduce -9.4% |
| HAS Hasbro Inc. | 2.23% | 123,429 | $7.0M | Reduce -4.4% |
| RIO Rio Tinto PLC-Spon ADR | 2.19% | 107,196 | $6.8M | Reduce -9.6% |
| WEC WEC Energy Group Inc. | 1.48% | 56,433 | $4.6M | New |
| MDLV Morgan Dempsey LC Value ETF | 0.65% | 79,592 | $2.0M | Reduce -33.6% |
| EGY Vaalco Energy Inc. | 0.17% | 75,723 | $528K | Add +14.9% |
| PESI Perma-Fix Environmental SVCS | 0.15% | 38,671 | $460K | Reduce -3.6% |
| UFPT Ufp Technologies Inc. | 0.11% | 1,418 | $358K | Add +11.9% |
| DAC Danaos Corp. | 0.08% | 3,400 | $245K | Add +105.3% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.07% | 5,965 | $232K | Reduce -23.3% |
| HWKN Hawkins Inc. | 0.06% | 2,502 | $192K | Add +13.7% |
| BKTI BK Technologies Corp. | 0.06% | 13,061 | $191K | Add +88.8% |
| XLP SS Consumer Staples Sel Sect | 0.05% | 2,129 | $163K | No change |
| MYRG MYR Group Inc./Delaware | 0.05% | 914 | $162K | Add +11.9% |
| KE Kimball Electronics Inc. | 0.05% | 7,328 | $159K | Reduce -27.6% |
| MCRI Monarch Casino & Resort Inc. | 0.04% | 1,814 | $136K | Add +12.0% |
| CRWS Crown Crafts Inc. | 0.04% | 24,493 | $125K | New |
| SPNS Sapiens International Corp. | 0.04% | 3,841 | $124K | No change |
| IWD iShares Russell 1000 Value E | 0.04% | 687 | $123K | Reduce -52.9% |
| COHU Cohu Inc. | 0.04% | 3,448 | $115K | Add +11.9% |
| SENEA Seneca Foods Corp. Class A | 0.03% | 1,762 | $100K | Add +11.9% |
| KFRC Kforce Inc. | 0.03% | 1,333 | $94K | Add +0.2% |
| TSBK Timberland Bancorp Inc. | 0.03% | 3,278 | $88K | Add +11.8% |
| MSFT Microsoft Corp. | 0.03% | 205 | $86K | Reduce -4.7% |
| CAT Caterpillar Inc. | 0.02% | 200 | $73K | No change |
| RGR Sturm Ruger & Co. Inc. | 0.02% | 1,576 | $73K | Add +12.0% |
| WTI W&T Offshore Inc. | 0.02% | 22,583 | $60K | Add +17.3% |
| EBMT Eagle Bancorp Montana Inc. | 0.02% | 4,429 | $57K | Add +12.0% |
| AAPL Apple Inc. | 0.02% | 330 | $57K | Reduce -5.7% |
| V Visa Inc. Class A | 0.02% | 175 | $49K | No change |
| IDN Intellicheck Inc. | 0.01% | 11,433 | $40K | Reduce -50.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 800 | $30K | No change |
| LLY Eli Lilly & Co. | 0.01% | 23 | $18K | No change |
| ACN Accenture PLC Class A | 0.00% | 38 | $13K | No change |
| MPWR Monolithic Power Systems Inc. | 0.00% | 19 | $13K | No change |
| HON Honeywell International Inc. | 0.00% | 62 | $13K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.00% | 122 | $12K | No change |
| EMR Emerson Electric Co. | 0.00% | 105 | $12K | No change |
| UNH Unitedhealth Group Inc. | 0.00% | 24 | $12K | No change |
| TTE Totalenergies SE -Spon ADR | 0.00% | 169 | $12K | No change |
| MDLZ Mondelez International Inc. Class A | 0.00% | 154 | $11K | No change |
| TGT Target Corp. | 0.00% | 57 | $10K | No change |
| PEP Pepsico Inc. | 0.00% | 54 | $9K | No change |
| ORCL Oracle Corp. | 0.00% | 72 | $9K | No change |
| HEI Heico Corp. | 0.00% | 47 | $9K | No change |
| NICE Nice Ltd. - Spon ADR | 0.00% | 33 | $9K | No change |
| COST Costco Wholesale Corp. | 0.00% | 11 | $8K | No change |
| NEE Nextera Energy Inc. | 0.00% | 116 | $7K | No change |
| CI The Cigna Group | 0.00% | 20 | $7K | No change |
| AMLP Alerian MLP ETF | 0.00% | 147 | $7K | No change |
| ABT Abbott Laboratories | 0.00% | 61 | $7K | No change |
| ICE Intercontinental Exchange Inc. | 0.00% | 50 | $7K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 10 | $6K | No change |
| WST West Pharmaceutical Services | 0.00% | 14 | $6K | No change |
| NKE Nike Inc. Class B | 0.00% | 48 | $5K | No change |
Options reported separately and not counted above: GD calls ($28K), XOM calls ($23K), IBM calls ($19K), PSX calls ($16K), PG calls ($16K), JNJ calls ($16K), CVX calls ($16K), GIL calls ($15K), GIS calls ($14K), MRK calls ($13K), C calls ($13K), VZ calls ($13K), and 13 more.
Portfolio Sells Q4 2023 → Q1 2024
| USB US Bancorp | Sold out | 0.00% | −1.75 |
| GILD Gilead Sciences Inc. | Reduce -11.0% | 3.15% | −0.60 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -9.6% | 2.19% | −0.52 |
| CCI Crown Castle Inc. | Reduce -10.1% | 2.56% | −0.41 |
| MCD McDonald's Corp. | Reduce -9.6% | 2.93% | −0.33 |
| MDLV Morgan Dempsey LC Value ETF | Reduce -33.6% | 0.65% | −0.24 |
| UPS United Parcel Service Class B | Reduce -7.9% | 2.34% | −0.23 |
| PM Philip Morris International | Reduce -9.8% | 2.44% | −0.22 |
| CSCO Cisco Systems Inc. | Reduce -8.9% | 2.97% | −0.19 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.17 |
| DUK Duke Energy Corp. | Reduce -9.4% | 2.30% | −0.14 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -8.8% | 3.03% | −0.14 |
| ENB Enbridge Inc. | Reduce -9.1% | 2.35% | −0.11 |
| PFE Pfizer Inc. | Reduce -5.1% | 2.38% | −0.11 |
| SO The Southern Co. | Reduce -9.6% | 2.76% | −0.10 |
| JNJ Johnson & Johnson | Reduce -8.7% | 2.42% | −0.09 |
| KHC The Kraft Heinz Co. | Reduce -7.0% | 2.82% | −0.09 |
| PBA Pembina Pipeline Corp. | Reduce -9.2% | 3.03% | −0.08 |
| KO The Coca-Cola Co. | Reduce -9.2% | 2.88% | −0.04 |
| RELL Richardson Elec Ltd. | Sold out | 0.00% | −0.04 |
| IWD iShares Russell 1000 Value E | Reduce -52.9% | 0.04% | −0.03 |
| KE Kimball Electronics Inc. | Reduce -27.6% | 0.05% | −0.03 |
| UTMD Utah Medical Products Inc. | Sold out | 0.00% | −0.02 |
| CVX Chevron Corp. | Reduce -10.2% | 2.85% | −0.02 |
| ACU Acme United Corp. | Sold out | 0.00% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.02 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -23.3% | 0.07% | −0.01 |
| GIS General Mills Inc. | Reduce -11.2% | 2.50% | −0.01 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.00 |
| AAPL Apple Inc. | Reduce -5.7% | 0.02% | −0.00 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.00 |
| POWI Power Integrations Inc. | Sold out | 0.00% | −0.00 |
| IDN Intellicheck Inc. | Reduce -50.8% | 0.01% | −0.00 |
| POLCQ Polished.com Inc. | Sold out | 0.00% | −0.00 |
| MSFT Microsoft Corp. | Reduce -4.7% | 0.03% | +0.00 |
| T AT&T Inc. | Reduce -8.6% | 2.98% | +0.01 |
| PESI Perma-Fix Environmental SVCS | Reduce -3.6% | 0.15% | +0.05 |
| MDT Medtronic PLC | Reduce -6.9% | 3.06% | +0.09 |
| GD General Dynamics Corp. | Reduce -9.6% | 3.33% | +0.09 |
| LYB Lyondellbasell Indu Class A | Reduce -7.7% | 3.00% | +0.11 |
| PG The Procter & Gamble Co. | Reduce -9.2% | 3.01% | +0.14 |
| VZ Verizon Communications Inc. | Reduce -8.7% | 2.94% | +0.17 |
| PRU Prudential Financial Inc. | Reduce -9.6% | 2.96% | +0.19 |
| HAS Hasbro Inc. | Reduce -4.4% | 2.23% | +0.21 |
| IBM Intl Business Machines Corp. | Reduce -9.5% | 3.90% | +0.37 |
| XOM Exxon Mobil Corp. | Reduce -8.8% | 4.10% | +0.40 |
| CMI Cummins Inc. | Reduce -9.0% | 2.89% | +0.42 |
| MRK Merck & Co. Inc. | Reduce -9.4% | 3.45% | +0.44 |
| C Citigroup Inc. | Reduce -9.1% | 3.49% | +0.50 |
| PSX Phillips 66 | Reduce -9.4% | 4.23% | +0.59 |
Portfolio Buys Q4 2023 → Q1 2024
| WEC WEC Energy Group Inc. | New | 1.48% | +1.48 |
| LMT Lockheed Martin Corp. | Add +0.9% | 3.02% | +0.17 |
| EGY Vaalco Energy Inc. | Add +14.9% | 0.17% | +0.08 |
| UFPT Ufp Technologies Inc. | Add +11.9% | 0.11% | +0.05 |
| DAC Danaos Corp. | Add +105.3% | 0.08% | +0.04 |
| CRWS Crown Crafts Inc. | New | 0.04% | +0.04 |
| BKTI BK Technologies Corp. | Add +88.8% | 0.06% | +0.04 |
| MYRG MYR Group Inc./Delaware | Add +11.9% | 0.05% | +0.02 |
| HWKN Hawkins Inc. | Add +13.7% | 0.06% | +0.01 |
| MCRI Monarch Casino & Resort Inc. | Add +12.0% | 0.04% | +0.01 |
| SENEA Seneca Foods Corp. Class A | Add +11.9% | 0.03% | +0.01 |
| RGR Sturm Ruger & Co. Inc. | Add +12.0% | 0.02% | +0.00 |
| COHU Cohu Inc. | Add +11.9% | 0.04% | +0.00 |
| KFRC Kforce Inc. | Add +0.2% | 0.03% | +0.00 |
| TSBK Timberland Bancorp Inc. | Add +11.8% | 0.03% | 0.00 |
| WTI W&T Offshore Inc. | Add +17.3% | 0.02% | −0.00 |
| EBMT Eagle Bancorp Montana Inc. | Add +12.0% | 0.02% | −0.00 |
Options Activity Q4 2023 → Q1 2024
| PBA Pembina Pipeline Corp. | call | Sold out | 300 | $10Kbefore exit |
| PM Philip Morris International | call | Sold out | 100 | $9Kbefore exit |
| MDT Medtronic PLC | call | Sold out | 100 | $8Kbefore exit |
| WEC WEC Energy Group Inc. | call | New | 100 | $8K |
| RIO Rio Tinto PLC-Spon ADR | call | Sold out | 100 | $7Kbefore exit |
| USB US Bancorp | call | Sold out | 100 | $4Kbefore 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 |