Morgan Dempsey Capital Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Morgan Dempsey Capital Management LLC reported 86 stock positions worth $299.6 million. Its top holding was Exxon Mobil (XOM) at 4.1% of the portfolio, followed by Intl Business Machines (IBM, 3.6%) and Citigroup (C, 3.6%). Compared with Q1 2024, it opened 8 new positions, sold out of 7, added to 18 and reduced 38. The biggest buy was a new position in Entergy (ETR) and the biggest sale McDonald's (MCD, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001050463
- Portfolio Value
- $299.6M (Q2 2024)
- SEC Filing
- 0001941040-24-000324 ↗ filed Aug 6, 2024
Holdings Value
Holdings 86 stocks · $299.6M
| XOM Exxon Mobil Corp. | 4.12% | 107,267 | $12.3M | Reduce -2.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.58% | 62,033 | $10.7M | Reduce -2.7% |
| C Citigroup Inc. | 3.55% | 167,757 | $10.6M | Reduce -2.6% |
| T AT&T Inc. | 3.28% | 514,176 | $9.8M | Reduce -2.7% |
| MRK Merck & Co. Inc. | 3.28% | 79,367 | $9.8M | Reduce -2.7% |
| PBA Pembina Pipeline Corp. | 3.22% | 260,286 | $9.7M | Reduce -2.8% |
| LMT Lockheed Martin Corp. | 3.19% | 20,453 | $9.6M | Reduce -1.3% |
| PSX Phillips 66 | 3.06% | 64,997 | $9.2M | Reduce -19.7% |
| GD General Dynamics Corp. | 3.05% | 31,454 | $9.1M | Reduce -14.6% |
| KO The Coca-Cola Co. | 3.04% | 143,154 | $9.1M | Reduce -2.7% |
| SO The Southern Co. | 3.04% | 117,363 | $9.1M | Reduce -2.4% |
| PRU Prudential Financial Inc. | 3.00% | 76,790 | $9.0M | Reduce -2.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.96% | 96,654 | $8.9M | Reduce -6.2% |
| GILD Gilead Sciences Inc. | 2.96% | 129,045 | $8.9M | Reduce -3.9% |
| VZ Verizon Communications Inc. | 2.94% | 213,382 | $8.8M | Reduce -2.6% |
| CVX Chevron Corp. | 2.93% | 56,095 | $8.8M | Reduce -0.6% |
| WEC WEC Energy Group Inc. | 2.90% | 110,806 | $8.7M | Add +96.3% |
| CSCO Cisco Systems Inc. | 2.86% | 180,305 | $8.6M | Reduce -3.0% |
| LYB Lyondellbasell Indu Class A | 2.84% | 88,881 | $8.5M | Reduce -2.8% |
| CMI Cummins Inc. | 2.81% | 30,374 | $8.4M | Reduce -0.9% |
| MDT Medtronic PLC | 2.79% | 106,297 | $8.4M | Reduce -3.1% |
| PM Philip Morris International | 2.76% | 81,616 | $8.3M | Reduce -1.8% |
| CCI Crown Castle Inc. | 2.73% | 83,813 | $8.2M | Add +10.8% |
| PFE Pfizer Inc. | 2.45% | 262,221 | $7.3M | Reduce -2.2% |
| DUK Duke Energy Corp. | 2.42% | 72,413 | $7.3M | Reduce -2.4% |
| KHC The Kraft Heinz Co. | 2.41% | 224,504 | $7.2M | Reduce -5.9% |
| ENB Enbridge Inc. | 2.34% | 196,597 | $7.0M | Reduce -3.3% |
| GIS General Mills Inc. | 2.33% | 110,418 | $7.0M | Reduce -1.0% |
| PG The Procter & Gamble Co. | 2.15% | 39,106 | $6.4M | Reduce -32.5% |
| JNJ Johnson & Johnson | 2.15% | 44,091 | $6.4M | Reduce -7.6% |
| UPS United Parcel Service Class B | 2.14% | 46,818 | $6.4M | Reduce -4.6% |
| RIO Rio Tinto PLC-Spon ADR | 1.68% | 76,206 | $5.0M | Reduce -28.9% |
| HAS Hasbro Inc. | 1.53% | 78,292 | $4.6M | Reduce -36.6% |
| MCD McDonald's Corp. | 1.51% | 17,707 | $4.5M | Reduce -45.5% |
| ETR Entergy Corp. | 1.50% | 42,084 | $4.5M | New |
| HSY The Hershey Co. | 1.19% | 19,325 | $3.6M | New |
| SBUX Starbucks Corp. | 1.13% | 43,650 | $3.4M | New |
| MDLV Morgan Dempsey LC Value ETF | 0.59% | 70,616 | $1.8M | Reduce -11.3% |
| EGY Vaalco Energy Inc. | 0.17% | 79,559 | $499K | Add +5.1% |
| UFPT Ufp Technologies Inc. | 0.13% | 1,459 | $385K | Add +2.9% |
| DAC Danaos Corp. | 0.12% | 3,811 | $352K | Add +12.1% |
| IWD iShares Russell 1000 Value E | 0.11% | 1,925 | $336K | Add +180.2% |
| DVY iShares Select Dividend ETF | 0.09% | 2,311 | $280K | New |
| PESI Perma-Fix Environmental SVCS | 0.09% | 25,645 | $260K | Reduce -33.7% |
| HWKN Hawkins Inc. | 0.08% | 2,629 | $239K | Add +5.1% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.06% | 4,875 | $184K | Reduce -18.3% |
| KE Kimball Electronics Inc. | 0.06% | 7,818 | $172K | Add +6.7% |
| BKTI BK Technologies Corp. | 0.06% | 13,129 | $168K | Add +0.5% |
| XLP SS Consumer Staples Sel Sect | 0.05% | 1,986 | $152K | Reduce -6.7% |
| SPNS Sapiens International Corp. | 0.05% | 4,206 | $143K | Add +9.5% |
| CRWS Crown Crafts Inc. | 0.05% | 26,137 | $137K | Add +6.7% |
| MYRG MYR Group Inc./Delaware | 0.04% | 976 | $132K | Add +6.8% |
| MCRI Monarch Casino & Resort Inc. | 0.04% | 1,936 | $132K | Add +6.7% |
| COHU Cohu Inc. | 0.04% | 3,690 | $122K | Add +7.0% |
| ESP Espey MFG & Electronics Corp. | 0.04% | 5,295 | $113K | New |
| ELMD Electromed Inc. | 0.04% | 7,201 | $108K | New |
| SENEA Seneca Foods Corp. Class A | 0.03% | 1,804 | $104K | Add +2.4% |
| KFRC Kforce Inc. | 0.03% | 1,431 | $89K | Add +7.3% |
| WTI W&T Offshore Inc. | 0.03% | 41,393 | $89K | Add +83.3% |
| MSFT Microsoft Corp. | 0.03% | 180 | $80K | Reduce -12.2% |
| AAPL Apple Inc. | 0.02% | 330 | $70K | No change |
| CAT Caterpillar Inc. | 0.02% | 200 | $67K | No change |
| RGR Sturm Ruger & Co. Inc. | 0.02% | 1,578 | $66K | Add +0.1% |
| V Visa Inc. Class A | 0.01% | 160 | $42K | Reduce -8.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 800 | $32K | No change |
| LLY Eli Lilly & Co. | 0.01% | 23 | $21K | No change |
| IEF iShares 7-10 Year Treasury B | 0.01% | 172 | $16K | New |
| MPWR Monolithic Power Systems Inc. | 0.01% | 19 | $16K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.00% | 122 | $13K | No change |
| HON Honeywell International Inc. | 0.00% | 62 | $13K | No change |
| EMR Emerson Electric Co. | 0.00% | 105 | $12K | No change |
| TTE Totalenergies SE -Spon ADR | 0.00% | 169 | $11K | No change |
| HEI Heico Corp. | 0.00% | 47 | $11K | No change |
| ORCL Oracle Corp. | 0.00% | 72 | $10K | No change |
| MDLZ Mondelez International Inc. Class A | 0.00% | 154 | $10K | No change |
| COST Costco Wholesale Corp. | 0.00% | 11 | $9K | No change |
| PEP Pepsico Inc. | 0.00% | 54 | $9K | No change |
| TGT Target Corp. | 0.00% | 57 | $8K | No change |
| NEE Nextera Energy Inc. | 0.00% | 116 | $8K | No change |
| AMLP Alerian MLP ETF | 0.00% | 147 | $7K | No change |
| ICE Intercontinental Exchange Inc. | 0.00% | 50 | $7K | No change |
| CI The Cigna Group | 0.00% | 20 | $7K | No change |
| ABT Abbott Laboratories | 0.00% | 61 | $6K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 10 | $6K | No change |
| WST West Pharmaceutical Services | 0.00% | 14 | $5K | No change |
| NLOP Net Lease Office Property | 0.00% | 5 | $123 | New |
Options reported separately and not counted above: GD calls ($29K), XOM calls ($23K), IBM calls ($17K), WEC calls ($16K), CVX calls ($16K), PSX calls ($14K), GILD calls ($14K), T calls ($13K), C calls ($13K), GIS calls ($13K), MRK calls ($12K), VZ calls ($12K), and 11 more.
Portfolio Sells Q1 2024 → Q2 2024
| MCD McDonald's Corp. | Reduce -45.5% | 1.51% | −1.42 |
| PSX Phillips 66 | Reduce -19.7% | 3.06% | −1.17 |
| PG The Procter & Gamble Co. | Reduce -32.5% | 2.15% | −0.86 |
| HAS Hasbro Inc. | Reduce -36.6% | 1.53% | −0.70 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -28.9% | 1.68% | −0.51 |
| KHC The Kraft Heinz Co. | Reduce -5.9% | 2.41% | −0.41 |
| IBM Intl Business Machines Corp. | Reduce -2.7% | 3.58% | −0.32 |
| GD General Dynamics Corp. | Reduce -14.6% | 3.05% | −0.29 |
| MDT Medtronic PLC | Reduce -3.1% | 2.79% | −0.27 |
| JNJ Johnson & Johnson | Reduce -7.6% | 2.15% | −0.27 |
| UPS United Parcel Service Class B | Reduce -4.6% | 2.14% | −0.20 |
| GILD Gilead Sciences Inc. | Reduce -3.9% | 2.96% | −0.19 |
| GIS General Mills Inc. | Reduce -1.0% | 2.33% | −0.17 |
| MRK Merck & Co. Inc. | Reduce -2.7% | 3.28% | −0.17 |
| LYB Lyondellbasell Indu Class A | Reduce -2.8% | 2.84% | −0.16 |
| CSCO Cisco Systems Inc. | Reduce -3.0% | 2.86% | −0.11 |
| CMI Cummins Inc. | Reduce -0.9% | 2.81% | −0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -6.2% | 2.96% | −0.07 |
| MDLV Morgan Dempsey LC Value ETF | Reduce -11.3% | 0.59% | −0.06 |
| PESI Perma-Fix Environmental SVCS | Reduce -33.7% | 0.09% | −0.06 |
| TSBK Timberland Bancorp Inc. | Sold out | 0.00% | −0.03 |
| ENB Enbridge Inc. | Reduce -3.3% | 2.34% | −0.02 |
| EBMT Eagle Bancorp Montana Inc. | Sold out | 0.00% | −0.02 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -18.3% | 0.06% | −0.01 |
| IDN Intellicheck Inc. | Sold out | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -2.6% | 2.94% | −0.00 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.00 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.00 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −0.00 |
| V Visa Inc. Class A | Reduce -8.6% | 0.01% | −0.00 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.00 |
| XLP SS Consumer Staples Sel Sect | Reduce -6.7% | 0.05% | −0.00 |
| MSFT Microsoft Corp. | Reduce -12.2% | 0.03% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -2.7% | 4.12% | +0.02 |
| PRU Prudential Financial Inc. | Reduce -2.6% | 3.00% | +0.04 |
| C Citigroup Inc. | Reduce -2.6% | 3.55% | +0.06 |
| PFE Pfizer Inc. | Reduce -2.2% | 2.45% | +0.07 |
| CVX Chevron Corp. | Reduce -0.6% | 2.93% | +0.08 |
| DUK Duke Energy Corp. | Reduce -2.4% | 2.42% | +0.13 |
| KO The Coca-Cola Co. | Reduce -2.7% | 3.04% | +0.16 |
| LMT Lockheed Martin Corp. | Reduce -1.3% | 3.19% | +0.17 |
| PBA Pembina Pipeline Corp. | Reduce -2.8% | 3.22% | +0.19 |
| SO The Southern Co. | Reduce -2.4% | 3.04% | +0.28 |
| T AT&T Inc. | Reduce -2.7% | 3.28% | +0.30 |
| PM Philip Morris International | Reduce -1.8% | 2.76% | +0.32 |
Portfolio Buys Q1 2024 → Q2 2024
| ETR Entergy Corp. | New | 1.50% | +1.50 |
| WEC WEC Energy Group Inc. | Add +96.3% | 2.90% | +1.42 |
| HSY The Hershey Co. | New | 1.19% | +1.19 |
| SBUX Starbucks Corp. | New | 1.13% | +1.13 |
| CCI Crown Castle Inc. | Add +10.8% | 2.73% | +0.17 |
| DVY iShares Select Dividend ETF | New | 0.09% | +0.09 |
| IWD iShares Russell 1000 Value E | Add +180.2% | 0.11% | +0.07 |
| DAC Danaos Corp. | Add +12.1% | 0.12% | +0.04 |
| ESP Espey MFG & Electronics Corp. | New | 0.04% | +0.04 |
| ELMD Electromed Inc. | New | 0.04% | +0.04 |
| HWKN Hawkins Inc. | Add +5.1% | 0.08% | +0.02 |
| UFPT Ufp Technologies Inc. | Add +2.9% | 0.13% | +0.01 |
| WTI W&T Offshore Inc. | Add +83.3% | 0.03% | +0.01 |
| SPNS Sapiens International Corp. | Add +9.5% | 0.05% | +0.01 |
| KE Kimball Electronics Inc. | Add +6.7% | 0.06% | +0.01 |
| CRWS Crown Crafts Inc. | Add +6.7% | 0.05% | +0.01 |
| IEF iShares 7-10 Year Treasury B | New | 0.01% | +0.01 |
| COHU Cohu Inc. | Add +7.0% | 0.04% | +0.00 |
| SENEA Seneca Foods Corp. Class A | Add +2.4% | 0.03% | +0.00 |
| MCRI Monarch Casino & Resort Inc. | Add +6.7% | 0.04% | +0.00 |
| NLOP Net Lease Office Property | New | 0.00% | 0.00 |
| KFRC Kforce Inc. | Add +7.3% | 0.03% | −0.00 |
| RGR Sturm Ruger & Co. Inc. | Add +0.1% | 0.02% | −0.00 |
| EGY Vaalco Energy Inc. | Add +5.1% | 0.17% | −0.00 |
| BKTI BK Technologies Corp. | Add +0.5% | 0.06% | −0.01 |
| MYRG MYR Group Inc./Delaware | Add +6.8% | 0.04% | −0.01 |
Options Activity Q1 2024 → Q2 2024
| PG The Procter & Gamble Co. | call | Sold out | 100 | $16Kbefore exit |
| JNJ Johnson & Johnson | call | Sold out | 100 | $16Kbefore exit |
| WEC WEC Energy Group Inc. | call | Add +100.0% | 200 | $16K |
| GIL Gildan Activewear Inc. | call | Sold out | 200 | $15Kbefore exit |
| GILD Gilead Sciences Inc. | call | New | 200 | $14K |
| KO The Coca-Cola Co. | call | Sold out | 200 | $12Kbefore exit |
| HAS Hasbro Inc. | call | Sold out | 200 | $11Kbefore exit |
| PBA Pembina Pipeline Corp. | call | New | 300 | $11K |
| KHC The Kraft Heinz Co. | call | Sold out | 300 | $11Kbefore exit |
| CCI Crown Castle Inc. | call | Sold out | 100 | $11Kbefore exit |
| PM Philip Morris International | call | New | 100 | $10K |
| MDT Medtronic PLC | call | New | 100 | $8K |
| SBUX Starbucks Corp. | call | New | 100 | $8K |
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 |