Morgan Dempsey Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Morgan Dempsey Capital Management LLC reported 99 stock positions worth $291.1 million. Its top holding was Intl Business Machines (IBM) at 4.2% of the portfolio, followed by Exxon Mobil (XOM, 3.8%) and Lockheed Martin (LMT, 3.7%). Compared with Q2 2024, it opened 18 new positions, sold out of 5, added to 18 and reduced 40. The biggest buy was Entergy (ETR, shares +69%) and the biggest sale Enbridge (ENB, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001050463
- Portfolio Value
- $291.1M (Q3 2024)
- SEC Filing
- 0001941040-24-000488 ↗ filed Nov 8, 2024
Holdings Value
Holdings 99 stocks · $291.1M
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 4.18% | 55,054 | $12.2M | Reduce -11.3% |
| XOM Exxon Mobil Corp. | 3.84% | 95,372 | $11.2M | Reduce -11.1% |
| LMT Lockheed Martin Corp. | 3.66% | 18,212 | $10.6M | Reduce -11.0% |
| T AT&T Inc. | 3.45% | 456,709 | $10.0M | Reduce -11.2% |
| WEC WEC Energy Group Inc. | 3.29% | 99,660 | $9.6M | Reduce -10.1% |
| PBA Pembina Pipeline Corp. | 3.27% | 230,817 | $9.5M | Reduce -11.3% |
| ETR Entergy Corp. | 3.22% | 71,272 | $9.4M | Add +69.4% |
| C Citigroup Inc. | 3.20% | 148,934 | $9.3M | Reduce -11.2% |
| CCI Crown Castle Inc. | 3.15% | 77,227 | $9.2M | Reduce -7.9% |
| KO The Coca-Cola Co. | 3.14% | 127,041 | $9.1M | Reduce -11.3% |
| PM Philip Morris International | 3.01% | 72,251 | $8.8M | Reduce -11.5% |
| PRU Prudential Financial Inc. | 3.00% | 72,211 | $8.7M | Reduce -6.0% |
| CMI Cummins Inc. | 3.00% | 26,931 | $8.7M | Reduce -11.3% |
| CVX Chevron Corp. | 2.98% | 58,980 | $8.7M | Add +5.1% |
| MDT Medtronic PLC | 2.93% | 94,757 | $8.5M | Reduce -10.9% |
| CSCO Cisco Systems Inc. | 2.92% | 159,780 | $8.5M | Reduce -11.4% |
| VZ Verizon Communications Inc. | 2.92% | 189,298 | $8.5M | Reduce -11.3% |
| GD General Dynamics Corp. | 2.91% | 28,010 | $8.5M | Reduce -10.9% |
| LYB Lyondellbasell Indu Class A | 2.81% | 85,254 | $8.2M | Reduce -4.1% |
| MRK Merck & Co. Inc. | 2.74% | 70,340 | $8.0M | Reduce -11.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.58% | 81,893 | $7.5M | Reduce -15.3% |
| DUK Duke Energy Corp. | 2.56% | 64,633 | $7.5M | Reduce -10.7% |
| SO The Southern Co. | 2.50% | 80,702 | $7.3M | Reduce -31.2% |
| GIS General Mills Inc. | 2.49% | 98,060 | $7.2M | Reduce -11.2% |
| GILD Gilead Sciences Inc. | 2.47% | 85,636 | $7.2M | Reduce -33.6% |
| KHC The Kraft Heinz Co. | 2.38% | 197,291 | $6.9M | Reduce -12.1% |
| PFE Pfizer Inc. | 2.35% | 236,047 | $6.8M | Reduce -10.0% |
| JNJ Johnson & Johnson | 2.30% | 41,259 | $6.7M | Reduce -6.4% |
| PG The Procter & Gamble Co. | 2.06% | 34,648 | $6.0M | Reduce -11.4% |
| PSX Phillips 66 | 2.05% | 45,309 | $6.0M | Reduce -30.3% |
| UPS United Parcel Service Class B | 1.89% | 40,435 | $5.5M | Reduce -13.6% |
| SBUX Starbucks Corp. | 1.73% | 51,628 | $5.0M | Add +18.3% |
| MCD McDonald's Corp. | 1.66% | 15,831 | $4.8M | Reduce -10.6% |
| RIO Rio Tinto PLC-Spon ADR | 1.65% | 67,577 | $4.8M | Reduce -11.3% |
| ES Eversource Energy | 1.55% | 66,332 | $4.5M | New |
| HSY The Hershey Co. | 1.14% | 17,289 | $3.3M | Reduce -10.5% |
| MDLV Morgan Dempsey LC Value ETF | 0.88% | 93,439 | $2.6M | Add +32.3% |
| EGY Vaalco Energy Inc. | 0.18% | 91,367 | $524K | Add +14.8% |
| BKTI BK Technologies Corp. | 0.17% | 23,139 | $504K | Add +76.2% |
| UFPT Ufp Technologies Inc. | 0.14% | 1,328 | $421K | Reduce -9.0% |
| DAC Danaos Corp. | 0.14% | 4,564 | $396K | Add +19.8% |
| ESP Espey MFG & Electronics Corp. | 0.12% | 11,782 | $355K | Add +122.5% |
| HWKN Hawkins Inc. | 0.10% | 2,293 | $292K | Reduce -12.8% |
| PESI Perma-Fix Environmental SVCS | 0.09% | 21,008 | $258K | Reduce -18.1% |
| SPNS Sapiens International Corp. | 0.08% | 6,096 | $227K | Add +44.9% |
| CRWS Crown Crafts Inc. | 0.07% | 40,959 | $197K | Add +56.7% |
| MCRI Monarch Casino & Resort Inc. | 0.06% | 2,247 | $178K | Add +16.1% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.06% | 4,239 | $177K | Reduce -13.1% |
| KE Kimball Electronics Inc. | 0.06% | 9,082 | $168K | Add +16.2% |
| XLP SS Consumer Staples Sel Sect | 0.06% | 1,986 | $165K | No change |
| COHU Cohu Inc. | 0.05% | 6,096 | $157K | Add +65.2% |
| ELMD Electromed Inc. | 0.05% | 6,912 | $148K | Reduce -4.0% |
| WTI W&T Offshore Inc. | 0.05% | 64,691 | $139K | Add +56.3% |
| SENEA Seneca Foods Corp. Class A | 0.05% | 2,151 | $134K | Add +19.2% |
| IWD iShares Russell 1000 Value E | 0.04% | 648 | $123K | Reduce -66.3% |
| RSP Invesco S&P 500 Equal Weight | 0.04% | 654 | $117K | New |
| MSFT Microsoft Corp. | 0.04% | 271 | $117K | Add +50.6% |
| AGG iShares Core U.S. Aggregate | 0.04% | 1,150 | $116K | New |
| MYRG MYR Group Inc./Delaware | 0.04% | 1,121 | $115K | Add +14.9% |
| SGOV iShares 0-3 Month Treasury B | 0.04% | 1,062 | $107K | New |
| LLY Eli Lilly & Co. | 0.03% | 111 | $99K | Add +382.6% |
| UCTT Ultra Clean Holdings Inc. | 0.03% | 2,327 | $93K | New |
| AM Antero Midstream Corp. | 0.03% | 5,839 | $88K | New |
| CAT Caterpillar Inc. | 0.03% | 200 | $78K | No change |
| AAPL Apple Inc. | 0.03% | 330 | $77K | No change |
| DLN Wisdomtree US Largecap Divid | 0.03% | 961 | $75K | New |
| BIPC Brookfield Infrastructure-A | 0.02% | 1,354 | $59K | New |
| AMZN Amazon.com Inc. | 0.02% | 300 | $56K | New |
| V Visa Inc. Class A | 0.02% | 160 | $44K | No change |
| BITB Bitwise Bitcoin ETF | 0.01% | 1,255 | $43K | New |
| ENB Enbridge Inc. | 0.01% | 938 | $38K | Reduce -99.5% |
| HAS Hasbro Inc. | 0.01% | 499 | $36K | Reduce -99.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 800 | $32K | No change |
| JEPI JPMorgan Equity Premium Inco | 0.01% | 520 | $31K | New |
| NEM Newmont Corp. | 0.01% | 486 | $26K | New |
| MPWR Monolithic Power Systems Inc. | 0.01% | 19 | $18K | No change |
| IEF iShares 7-10 Year Treasury B | 0.01% | 172 | $17K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.00% | 122 | $14K | No change |
| HON Honeywell International Inc. | 0.00% | 62 | $13K | No change |
| HEI Heico Corp. | 0.00% | 47 | $12K | No change |
| ORCL Oracle Corp. | 0.00% | 72 | $12K | No change |
| EMR Emerson Electric Co. | 0.00% | 105 | $11K | No change |
| MARA Mara Holdings Inc. | 0.00% | 700 | $11K | New |
| MDLZ Mondelez International Inc. Class A | 0.00% | 154 | $11K | No change |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.00% | 100 | $10K | New |
| NEE Nextera Energy Inc. | 0.00% | 116 | $10K | No change |
| COST Costco Wholesale Corp. | 0.00% | 11 | $10K | No change |
| PEP Pepsico Inc. | 0.00% | 54 | $9K | No change |
| TGT Target Corp. | 0.00% | 57 | $9K | No change |
| CCCC C4 Therapeutics Inc. | 0.00% | 1,500 | $9K | New |
| ICE Intercontinental Exchange Inc. | 0.00% | 50 | $8K | No change |
| ABT Abbott Laboratories | 0.00% | 61 | $7K | No change |
| CI The Cigna Group | 0.00% | 20 | $7K | No change |
| AMLP Alerian MLP ETF | 0.00% | 147 | $7K | No change |
| O Realty Income Corp. | 0.00% | 104 | $7K | New |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 10 | $6K | No change |
| WST West Pharmaceutical Services | 0.00% | 14 | $4K | No change |
| FLJP Franklin Ftse Japan ETF | 0.00% | 30 | $913 | New |
| VTWO Vanguard Russell 2000 ETF | 0.00% | 5 | $447 | New |
Options reported separately and not counted above: GD calls ($30K), XOM calls ($23K), IBM calls ($22K), WEC calls ($19K), T calls ($15K), GIS calls ($15K), CVX calls ($15K), KO calls ($14K), VZ calls ($13K), ETR calls ($13K), PSX calls ($13K), C calls ($13K), and 14 more.
Portfolio Sells Q2 2024 → Q3 2024
| ENB Enbridge Inc. | Reduce -99.5% | 0.01% | −2.32 |
| HAS Hasbro Inc. | Reduce -99.4% | 0.01% | −1.52 |
| PSX Phillips 66 | Reduce -30.3% | 2.05% | −1.02 |
| SO The Southern Co. | Reduce -31.2% | 2.50% | −0.54 |
| MRK Merck & Co. Inc. | Reduce -11.4% | 2.74% | −0.54 |
| GILD Gilead Sciences Inc. | Reduce -33.6% | 2.47% | −0.49 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -15.3% | 2.58% | −0.38 |
| C Citigroup Inc. | Reduce -11.2% | 3.20% | −0.35 |
| XOM Exxon Mobil Corp. | Reduce -11.1% | 3.84% | −0.28 |
| UPS United Parcel Service Class B | Reduce -13.6% | 1.89% | −0.24 |
| GD General Dynamics Corp. | Reduce -10.9% | 2.91% | −0.14 |
| PFE Pfizer Inc. | Reduce -10.0% | 2.35% | −0.10 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -11.4% | 2.06% | −0.09 |
| IWD iShares Russell 1000 Value E | Reduce -66.3% | 0.04% | −0.07 |
| HSY The Hershey Co. | Reduce -10.5% | 1.14% | −0.05 |
| KHC The Kraft Heinz Co. | Reduce -12.1% | 2.38% | −0.03 |
| KFRC Kforce Inc. | Sold out | 0.00% | −0.03 |
| LYB Lyondellbasell Indu Class A | Reduce -4.1% | 2.81% | −0.03 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -11.3% | 1.65% | −0.02 |
| RGR Sturm Ruger & Co. Inc. | Sold out | 0.00% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -11.3% | 2.92% | −0.02 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.00 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -13.1% | 0.06% | −0.00 |
| NLOP Net Lease Office Property | Sold out | 0.00% | 0.00 |
| PRU Prudential Financial Inc. | Reduce -6.0% | 3.00% | +0.00 |
| PESI Perma-Fix Environmental SVCS | Reduce -18.1% | 0.09% | +0.00 |
| ELMD Electromed Inc. | Reduce -4.0% | 0.05% | +0.01 |
| UFPT Ufp Technologies Inc. | Reduce -9.0% | 0.14% | +0.02 |
| HWKN Hawkins Inc. | Reduce -12.8% | 0.10% | +0.02 |
| PBA Pembina Pipeline Corp. | Reduce -11.3% | 3.27% | +0.05 |
| CSCO Cisco Systems Inc. | Reduce -11.4% | 2.92% | +0.06 |
| KO The Coca-Cola Co. | Reduce -11.3% | 3.14% | +0.09 |
| DUK Duke Energy Corp. | Reduce -10.7% | 2.56% | +0.14 |
| MDT Medtronic PLC | Reduce -10.9% | 2.93% | +0.14 |
| JNJ Johnson & Johnson | Reduce -6.4% | 2.30% | +0.15 |
| MCD McDonald's Corp. | Reduce -10.6% | 1.66% | +0.15 |
| GIS General Mills Inc. | Reduce -11.2% | 2.49% | +0.16 |
| T AT&T Inc. | Reduce -11.2% | 3.45% | +0.17 |
| CMI Cummins Inc. | Reduce -11.3% | 3.00% | +0.19 |
| PM Philip Morris International | Reduce -11.5% | 3.01% | +0.25 |
| WEC WEC Energy Group Inc. | Reduce -10.1% | 3.29% | +0.39 |
| CCI Crown Castle Inc. | Reduce -7.9% | 3.15% | +0.41 |
| LMT Lockheed Martin Corp. | Reduce -11.0% | 3.66% | +0.47 |
| IBM Intl Business Machines Corp. | Reduce -11.3% | 4.18% | +0.60 |
Portfolio Buys Q2 2024 → Q3 2024
| ETR Entergy Corp. | Add +69.4% | 3.22% | +1.72 |
| ES Eversource Energy | New | 1.55% | +1.55 |
| SBUX Starbucks Corp. | Add +18.3% | 1.73% | +0.59 |
| MDLV Morgan Dempsey LC Value ETF | Add +32.3% | 0.88% | +0.29 |
| BKTI BK Technologies Corp. | Add +76.2% | 0.17% | +0.12 |
| ESP Espey MFG & Electronics Corp. | Add +122.5% | 0.12% | +0.08 |
| CVX Chevron Corp. | Add +5.1% | 2.98% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | New | 0.04% | +0.04 |
| AGG iShares Core U.S. Aggregate | New | 0.04% | +0.04 |
| SGOV iShares 0-3 Month Treasury B | New | 0.04% | +0.04 |
| UCTT Ultra Clean Holdings Inc. | New | 0.03% | +0.03 |
| SPNS Sapiens International Corp. | Add +44.9% | 0.08% | +0.03 |
| AM Antero Midstream Corp. | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | Add +382.6% | 0.03% | +0.03 |
| DLN Wisdomtree US Largecap Divid | New | 0.03% | +0.03 |
| CRWS Crown Crafts Inc. | Add +56.7% | 0.07% | +0.02 |
| BIPC Brookfield Infrastructure-A | New | 0.02% | +0.02 |
| AMZN Amazon.com Inc. | New | 0.02% | +0.02 |
| DAC Danaos Corp. | Add +19.8% | 0.14% | +0.02 |
| WTI W&T Offshore Inc. | Add +56.3% | 0.05% | +0.02 |
| MCRI Monarch Casino & Resort Inc. | Add +16.1% | 0.06% | +0.02 |
| BITB Bitwise Bitcoin ETF | New | 0.01% | +0.01 |
| EGY Vaalco Energy Inc. | Add +14.8% | 0.18% | +0.01 |
| MSFT Microsoft Corp. | Add +50.6% | 0.04% | +0.01 |
| COHU Cohu Inc. | Add +65.2% | 0.05% | +0.01 |
| SENEA Seneca Foods Corp. Class A | Add +19.2% | 0.05% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | New | 0.01% | +0.01 |
| NEM Newmont Corp. | New | 0.01% | +0.01 |
| MARA Mara Holdings Inc. | New | 0.00% | +0.00 |
| BILS SS Spdrb B 3-12M T-Bill ETF | New | 0.00% | +0.00 |
| CCCC C4 Therapeutics Inc. | New | 0.00% | +0.00 |
| O Realty Income Corp. | New | 0.00% | +0.00 |
| KE Kimball Electronics Inc. | Add +16.2% | 0.06% | +0.00 |
| FLJP Franklin Ftse Japan ETF | New | 0.00% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | New | 0.00% | +0.00 |
| MYRG MYR Group Inc./Delaware | Add +14.9% | 0.04% | −0.00 |
Options Activity Q2 2024 → Q3 2024
| KO The Coca-Cola Co. | call | New | 200 | $14K |
| ETR Entergy Corp. | call | New | 100 | $13K |
| CCI Crown Castle Inc. | call | New | 100 | $12K |
| PBA Pembina Pipeline Corp. | call | Sold out | 300 | $11Kbefore exit |
| GILD Gilead Sciences Inc. | call | Reduce -50.0% | 100 | $8K |
| RIO Rio Tinto PLC-Spon ADR | call | New | 100 | $7K |
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 |