Morgan Dempsey Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Morgan Dempsey Capital Management LLC reported 104 stock positions worth $248.5 million. Its top holding was Entergy (ETR) at 3.9% of the portfolio, followed by Citigroup (C, 3.8%) and AT&T (T, 3.8%). Compared with Q3 2024, it opened 16 new positions, sold out of 11, added to 15 and reduced 46. The biggest buy was a new position in Main Street Capital (MAIN) and the biggest sale Gilead Sciences (GILD, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0001050463
- Portfolio Value
- $248.5M (Q4 2024)
- SEC Filing
- 0001941040-25-000071 ↗ filed Feb 5, 2025
Holdings Value
Holdings 104 stocks · $248.5M
| ETR Entergy Corp. | 3.94% | 129,110 | $9.8M | Reduce -9.4% |
| C Citigroup Inc. | 3.83% | 135,050 | $9.5M | Reduce -9.3% |
| T AT&T Inc. | 3.79% | 414,017 | $9.4M | Reduce -9.3% |
| XOM Exxon Mobil Corp. | 3.74% | 86,476 | $9.3M | Reduce -9.3% |
| CSCO Cisco Systems Inc. | 3.48% | 146,020 | $8.6M | Reduce -8.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.45% | 38,967 | $8.6M | Reduce -29.2% |
| WEC WEC Energy Group Inc. | 3.43% | 90,560 | $8.5M | Reduce -9.1% |
| CMI Cummins Inc. | 3.41% | 24,308 | $8.5M | Reduce -9.7% |
| LMT Lockheed Martin Corp. | 3.26% | 16,662 | $8.1M | Reduce -8.5% |
| PM Philip Morris International | 3.21% | 65,567 | $8.0M | Reduce -9.3% |
| CVX Chevron Corp. | 3.14% | 53,800 | $7.8M | Reduce -8.8% |
| PRU Prudential Financial Inc. | 3.13% | 65,620 | $7.8M | Reduce -9.1% |
| PBA Pembina Pipeline Corp. | 3.10% | 208,504 | $7.7M | Reduce -9.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.91% | 79,103 | $7.2M | Reduce -3.4% |
| KO The Coca-Cola Co. | 2.88% | 115,137 | $7.2M | Reduce -9.4% |
| MDT Medtronic PLC | 2.75% | 84,664 | $6.8M | Reduce -10.7% |
| VZ Verizon Communications Inc. | 2.72% | 168,972 | $6.8M | Reduce -10.7% |
| GD General Dynamics Corp. | 2.71% | 25,531 | $6.7M | Reduce -8.8% |
| DUK Duke Energy Corp. | 2.53% | 58,431 | $6.3M | Reduce -9.6% |
| MRK Merck & Co. Inc. | 2.47% | 61,177 | $6.1M | Reduce -13.0% |
| SO The Southern Co. | 2.43% | 73,373 | $6.0M | Reduce -9.1% |
| MAIN Main Street Capital Corp. | 2.42% | 102,025 | $6.0M | New |
| CCI Crown Castle Inc. | 2.34% | 63,942 | $5.8M | Reduce -17.2% |
| UPS United Parcel Service Class B | 2.26% | 44,464 | $5.6M | Add +10.0% |
| GIS General Mills Inc. | 2.22% | 86,562 | $5.5M | Reduce -11.7% |
| ES Eversource Energy | 2.16% | 93,558 | $5.4M | Add +41.0% |
| PG The Procter & Gamble Co. | 2.11% | 31,242 | $5.2M | Reduce -9.8% |
| JNJ Johnson & Johnson | 2.01% | 34,624 | $5.0M | Reduce -16.1% |
| KHC The Kraft Heinz Co. | 1.96% | 158,393 | $4.9M | Reduce -19.7% |
| PFE Pfizer Inc. | 1.95% | 183,024 | $4.9M | Reduce -22.5% |
| LYB Lyondellbasell Indu Class A | 1.89% | 63,131 | $4.7M | Reduce -25.9% |
| SBUX Starbucks Corp. | 1.74% | 47,431 | $4.3M | Reduce -8.1% |
| MCD McDonald's Corp. | 1.70% | 14,533 | $4.2M | Reduce -8.2% |
| MDLV Morgan Dempsey LC Value ETF | 1.69% | 162,402 | $4.2M | Add +73.8% |
| ARE Alexandria Real Estate Equit | 1.38% | 34,588 | $3.4M | New |
| RIO Rio Tinto PLC-Spon ADR | 1.36% | 57,494 | $3.4M | Reduce -14.9% |
| DVY iShares Select Dividend ETF | 1.11% | 21,062 | $2.8M | New |
| HSY The Hershey Co. | 0.94% | 13,772 | $2.3M | Reduce -20.3% |
| BKTI BK Technologies Corp. | 0.18% | 12,744 | $437K | Reduce -44.9% |
| EGY Vaalco Energy Inc. | 0.16% | 91,771 | $401K | Add +0.4% |
| DAC Danaos Corp. | 0.15% | 4,564 | $365K | No change |
| UFPT Ufp Technologies Inc. | 0.13% | 1,344 | $329K | Add +1.2% |
| IWD iShares Russell 1000 Value E | 0.12% | 1,676 | $310K | Add +158.6% |
| ESP Espey MFG & Electronics Corp. | 0.12% | 10,126 | $305K | Reduce -14.1% |
| UCTT Ultra Clean Holdings Inc. | 0.11% | 7,743 | $278K | Add +232.8% |
| RSP Invesco S&P 500 Equal Weight | 0.11% | 1,537 | $269K | Add +135.0% |
| HWKN Hawkins Inc. | 0.10% | 1,948 | $239K | Reduce -15.1% |
| COHU Cohu Inc. | 0.08% | 7,609 | $203K | Add +24.8% |
| MYRG MYR Group Inc./Delaware | 0.08% | 1,317 | $196K | Add +17.5% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.07% | 4,683 | $184K | Add +10.5% |
| SPNS Sapiens International Corp. | 0.07% | 6,635 | $178K | Add +8.8% |
| KE Kimball Electronics Inc. | 0.07% | 9,472 | $177K | Add +4.3% |
| SENEA Seneca Foods Corp. Class A | 0.07% | 2,151 | $170K | No change |
| XLP SS Consumer Staples Sel Sect | 0.06% | 1,986 | $156K | No change |
| MCRI Monarch Casino & Resort Inc. | 0.06% | 1,975 | $156K | Reduce -12.1% |
| HG Hamilton Insurance Grou Class B | 0.06% | 7,729 | $147K | New |
| TRNS Transcat Inc. | 0.06% | 1,352 | $143K | New |
| KEQU Kewaunee Scientific CP | 0.04% | 1,720 | $106K | New |
| TATT Tat Technologies Ltd. | 0.04% | 4,008 | $103K | New |
| AM Antero Midstream Corp. | 0.04% | 5,927 | $89K | Add +1.5% |
| LLY Eli Lilly & Co. | 0.03% | 111 | $86K | No change |
| AAPL Apple Inc. | 0.03% | 330 | $83K | No change |
| AGG iShares Core U.S. Aggregate | 0.03% | 842 | $82K | Reduce -26.8% |
| MSFT Microsoft Corp. | 0.03% | 180 | $76K | Reduce -33.6% |
| ELMD Electromed Inc. | 0.03% | 2,498 | $74K | Reduce -63.9% |
| BIPC Brookfield Infrastructure-A | 0.03% | 1,814 | $73K | Add +34.0% |
| CAT Caterpillar Inc. | 0.03% | 200 | $73K | No change |
| CGCB Cap Group Core Bond | 0.02% | 2,317 | $60K | New |
| DIAL Columbia Divers Fix Inc. ETF | 0.02% | 2,829 | $50K | New |
| PSX Phillips 66 | 0.02% | 415 | $47K | Reduce -99.1% |
| IBIT iShares Bitcoin Trust ETF | 0.02% | 873 | $46K | New |
| BITB Bitwise Bitcoin ETF | 0.02% | 886 | $45K | Reduce -29.4% |
| FBTC Fidelity Wise Origin Bitcoin | 0.02% | 552 | $45K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 800 | $35K | No change |
| GILD Gilead Sciences Inc. | 0.01% | 350 | $32K | Reduce -99.6% |
| ENB Enbridge Inc. | 0.01% | 738 | $31K | Reduce -21.3% |
| HAS Hasbro Inc. | 0.01% | 499 | $28K | No change |
| SPIP SS SPDR P Tips ETF | 0.01% | 983 | $25K | New |
| GRW TCW Durable Growth ETF | 0.01% | 675 | $22K | New |
| IEF iShares 7-10 Year Treasury B | 0.01% | 172 | $16K | No change |
| OUSM Alps Oshares US Small-Cap Qu | 0.01% | 360 | $16K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.01% | 122 | $15K | No change |
| HON Honeywell International Inc. | 0.01% | 62 | $14K | No change |
| EMR Emerson Electric Co. | 0.01% | 105 | $13K | No change |
| ORCL Oracle Corp. | 0.00% | 72 | $12K | No change |
| MARA Mara Holdings Inc. | 0.00% | 700 | $12K | No change |
| MPWR Monolithic Power Systems Inc. | 0.00% | 19 | $11K | No change |
| HEI Heico Corp. | 0.00% | 47 | $11K | No change |
| COST Costco Wholesale Corp. | 0.00% | 11 | $10K | No change |
| MDLZ Mondelez International Inc. Class A | 0.00% | 154 | $9K | No change |
| NEE Nextera Energy Inc. | 0.00% | 116 | $8K | No change |
| PEP Pepsico Inc. | 0.00% | 54 | $8K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.00% | 77 | $8K | Reduce -92.8% |
| TGT Target Corp. | 0.00% | 57 | $8K | No change |
| ICE Intercontinental Exchange Inc. | 0.00% | 50 | $7K | No change |
| ABT Abbott Laboratories | 0.00% | 61 | $7K | No change |
| CI The Cigna Group | 0.00% | 20 | $6K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.00% | 10 | $5K | No change |
| WST West Pharmaceutical Services | 0.00% | 14 | $5K | No change |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.00% | 38 | $2K | New |
| JEPI JPMorgan Equity Premium Inco | 0.00% | 18 | $1K | Reduce -96.5% |
| V Visa Inc. Class A | 0.00% | 160 | $856 | No change |
| PESI Perma-Fix Environmental SVCS | 0.00% | 1 | $11 | Reduce -100.0% |
| IDN Intellicheck Inc. | 0.00% | 1 | $2 | New |
Options reported separately and not counted above: GD calls ($26K), WEC calls ($19K), T calls ($16K), ETR calls ($15K), CVX calls ($14K), C calls ($14K), UPS calls ($13K), PM calls ($12K), PRU calls ($12K), CSCO calls ($12K), PBA calls ($11K), DUK calls ($11K), and 9 more.
Portfolio Sells Q3 2024 → Q4 2024
| GILD Gilead Sciences Inc. | Reduce -99.6% | 0.01% | −2.45 |
| PSX Phillips 66 | Reduce -99.1% | 0.02% | −2.03 |
| LYB Lyondellbasell Indu Class A | Reduce -25.9% | 1.89% | −0.92 |
| CCI Crown Castle Inc. | Reduce -17.2% | 2.34% | −0.81 |
| IBM Intl Business Machines Corp. | Reduce -29.2% | 3.45% | −0.73 |
| KHC The Kraft Heinz Co. | Reduce -19.7% | 1.96% | −0.42 |
| LMT Lockheed Martin Corp. | Reduce -8.5% | 3.26% | −0.40 |
| PFE Pfizer Inc. | Reduce -22.5% | 1.95% | −0.39 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -14.9% | 1.36% | −0.29 |
| JNJ Johnson & Johnson | Reduce -16.1% | 2.01% | −0.28 |
| MRK Merck & Co. Inc. | Reduce -13.0% | 2.47% | −0.28 |
| GIS General Mills Inc. | Reduce -11.7% | 2.22% | −0.27 |
| KO The Coca-Cola Co. | Reduce -9.4% | 2.88% | −0.25 |
| VZ Verizon Communications Inc. | Reduce -10.7% | 2.72% | −0.20 |
| GD General Dynamics Corp. | Reduce -8.8% | 2.71% | −0.20 |
| HSY The Hershey Co. | Reduce -20.3% | 0.94% | −0.20 |
| MDT Medtronic PLC | Reduce -10.7% | 2.75% | −0.19 |
| PBA Pembina Pipeline Corp. | Reduce -9.7% | 3.10% | −0.17 |
| XOM Exxon Mobil Corp. | Reduce -9.3% | 3.74% | −0.10 |
| PESI Perma-Fix Environmental SVCS | Reduce -100.0% | 0.00% | −0.09 |
| SO The Southern Co. | Reduce -9.1% | 2.43% | −0.07 |
| CRWS Crown Crafts Inc. | Sold out | 0.00% | −0.07 |
| WTI W&T Offshore Inc. | Sold out | 0.00% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Reduce -92.8% | 0.00% | −0.03 |
| DUK Duke Energy Corp. | Reduce -9.6% | 2.53% | −0.03 |
| DLN Wisdomtree US Largecap Divid | Sold out | 0.00% | −0.03 |
| ELMD Electromed Inc. | Reduce -63.9% | 0.03% | −0.02 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.02 |
| JEPI JPMorgan Equity Premium Inco | Reduce -96.5% | 0.00% | −0.01 |
| MSFT Microsoft Corp. | Reduce -33.6% | 0.03% | −0.01 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -26.8% | 0.03% | −0.01 |
| HWKN Hawkins Inc. | Reduce -15.1% | 0.10% | −0.00 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Sold out | 0.00% | −0.00 |
| CCCC C4 Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| AMLP Alerian MLP ETF | Sold out | 0.00% | −0.00 |
| O Realty Income Corp. | Sold out | 0.00% | −0.00 |
| ENB Enbridge Inc. | Reduce -21.3% | 0.01% | −0.00 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.00 |
| VTWO Vanguard Russell 2000 ETF | Sold out | 0.00% | −0.00 |
| ESP Espey MFG & Electronics Corp. | Reduce -14.1% | 0.12% | +0.00 |
| MCRI Monarch Casino & Resort Inc. | Reduce -12.1% | 0.06% | +0.00 |
| BKTI BK Technologies Corp. | Reduce -44.9% | 0.18% | +0.00 |
| BITB Bitwise Bitcoin ETF | Reduce -29.4% | 0.02% | +0.00 |
| SBUX Starbucks Corp. | Reduce -8.1% | 1.74% | +0.01 |
| MCD McDonald's Corp. | Reduce -8.2% | 1.70% | +0.04 |
| PG The Procter & Gamble Co. | Reduce -9.8% | 2.11% | +0.05 |
| PRU Prudential Financial Inc. | Reduce -9.1% | 3.13% | +0.13 |
| WEC WEC Energy Group Inc. | Reduce -9.1% | 3.43% | +0.13 |
| CVX Chevron Corp. | Reduce -8.8% | 3.14% | +0.15 |
Portfolio Buys Q3 2024 → Q4 2024
| MAIN Main Street Capital Corp. | New | 2.42% | +2.42 |
| ARE Alexandria Real Estate Equit | New | 1.38% | +1.38 |
| DVY iShares Select Dividend ETF | New | 1.11% | +1.11 |
| MDLV Morgan Dempsey LC Value ETF | Add +73.8% | 1.69% | +0.81 |
| ES Eversource Energy | Add +41.0% | 2.16% | +0.61 |
| UPS United Parcel Service Class B | Add +10.0% | 2.26% | +0.36 |
| IWD iShares Russell 1000 Value E | Add +158.6% | 0.12% | +0.08 |
| UCTT Ultra Clean Holdings Inc. | Add +232.8% | 0.11% | +0.08 |
| RSP Invesco S&P 500 Equal Weight | Add +135.0% | 0.11% | +0.07 |
| HG Hamilton Insurance Grou Class B | New | 0.06% | +0.06 |
| TRNS Transcat Inc. | New | 0.06% | +0.06 |
| KEQU Kewaunee Scientific CP | New | 0.04% | +0.04 |
| TATT Tat Technologies Ltd. | New | 0.04% | +0.04 |
| MYRG MYR Group Inc./Delaware | Add +17.5% | 0.08% | +0.04 |
| COHU Cohu Inc. | Add +24.8% | 0.08% | +0.03 |
| CGCB Cap Group Core Bond | New | 0.02% | +0.02 |
| DIAL Columbia Divers Fix Inc. ETF | New | 0.02% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | New | 0.02% | +0.02 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.02% | +0.02 |
| KE Kimball Electronics Inc. | Add +4.3% | 0.07% | +0.01 |
| NULV Nuveen ESG Large-Cap Val ETF | Add +10.5% | 0.07% | +0.01 |
| SPIP SS SPDR P Tips ETF | New | 0.01% | +0.01 |
| BIPC Brookfield Infrastructure-A | Add +34.0% | 0.03% | +0.01 |
| GRW TCW Durable Growth ETF | New | 0.01% | +0.01 |
| OUSM Alps Oshares US Small-Cap Qu | New | 0.01% | +0.01 |
| AM Antero Midstream Corp. | Add +1.5% | 0.04% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.00% | +0.00 |
| IDN Intellicheck Inc. | New | 0.00% | 0.00 |
| SPNS Sapiens International Corp. | Add +8.8% | 0.07% | −0.01 |
| UFPT Ufp Technologies Inc. | Add +1.2% | 0.13% | −0.01 |
| EGY Vaalco Energy Inc. | Add +0.4% | 0.16% | −0.02 |
Options Activity Q3 2024 → Q4 2024
| IBM Intl Business Machines Corp. | call | Sold out | 100 | $22Kbefore exit |
| GIS General Mills Inc. | call | Sold out | 200 | $15Kbefore exit |
| KO The Coca-Cola Co. | call | Sold out | 200 | $14Kbefore exit |
| PSX Phillips 66 | call | Sold out | 100 | $13Kbefore exit |
| UPS United Parcel Service Class B | call | New | 100 | $13K |
| PBA Pembina Pipeline Corp. | call | New | 300 | $11K |
| XOM Exxon Mobil Corp. | call | Reduce -50.0% | 100 | $11K |
| LYB Lyondellbasell Indu Class A | call | Sold out | 100 | $10Kbefore exit |
| KHC The Kraft Heinz Co. | call | New | 300 | $9K |
| MDT Medtronic PLC | call | Sold out | 100 | $9Kbefore exit |
| GILD Gilead Sciences Inc. | call | Sold out | 100 | $8Kbefore exit |
| ENB Enbridge Inc. | call | Sold out | 200 | $8Kbefore 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 |