Morgan Dempsey Capital Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Morgan Dempsey Capital Management LLC reported 123 stock positions worth $219.4 million. Its top holding was Exxon Mobil (XOM) at 4.6% of the portfolio, followed by Citigroup (C, 4.2%) and AT&T (T, 3.8%). Compared with Q4 2025, it opened 5 new positions, sold out of 7, added to 27 and reduced 41. The biggest buy was a new position in Texas Instruments (TXN) and the biggest sale Intl Business Machines (IBM, shares −3%).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001050463
Portfolio Value
$219.4M (Q1 2026)
SEC Filing
0001941040-26-000296 ↗ filed May 6, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $312.3M Q1 2024 Q2 2024: $299.6M Q2 2024 Q3 2024: $291.1M Q3 2024 Q4 2024: $248.5M Q4 2024 Q1 2025: $239.8M Q1 2025 Q2 2025: $239.3M Q2 2025 Q3 2025: $224.9M Q3 2025 Q4 2025: $205.2M Q4 2025 Q1 2026: $219.4M $219.4M Q1 2026 Q2 2026: $233.4M Q2 2026

Holdings 123 stocks · $219.4M
XOM Exxon Mobil Corp. 4.63% 59,923 $10.2M Reduce -3.0%
C Citigroup Inc. 4.17% 80,628 $9.1M Reduce -2.9%
T AT&T Inc. 3.77% 285,012 $8.3M Reduce -3.0%
ETR Entergy Corp. 3.75% 73,181 $8.2M Reduce -2.5%
CSCO Cisco Systems Inc. 3.55% 100,371 $7.8M Reduce -3.0%
CVX Chevron Corp. 3.54% 37,495 $7.8M Reduce -3.0%
WEC WEC Energy Group Inc. 3.31% 62,800 $7.3M Reduce -2.7%
LMT Lockheed Martin Corp. 3.25% 11,792 $7.1M Reduce -2.7%
JNJ Johnson & Johnson 3.16% 28,378 $6.9M Reduce -2.7%
CMI Cummins Inc. 2.98% 12,161 $6.5M Reduce -12.0%
CME Cme Group Inc. 2.96% 21,964 $6.5M Reduce -0.5%
PBA Pembina Pipeline Corp. 2.94% 143,916 $6.4M Reduce -3.0%
GD General Dynamics Corp. 2.80% 17,897 $6.1M Reduce -2.9%
BIL SS SPDR BB 1-3M T-Bill ETF 2.78% 66,598 $6.1M Add +15.8%
OKE Oneok Inc. 2.77% 67,122 $6.1M Add +8.5%
KO The Coca-Cola Co. 2.75% 78,713 $6.0M Reduce -3.9%
VZ Verizon Communications Inc. 2.70% 118,160 $5.9M Reduce -3.0%
WFC Wells Fargo & Co. 2.64% 72,679 $5.8M Reduce -2.4%
DUK Duke Energy Corp. 2.41% 40,337 $5.3M Reduce -3.0%
MRK Merck & Co. Inc. 2.39% 43,317 $5.2M Reduce -3.1%
MDT Medtronic PLC 2.38% 59,640 $5.2M Reduce -3.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.32% 21,039 $5.1M Reduce -3.1%
RIO Rio Tinto PLC-Spon ADR 2.27% 51,908 $5.0M Reduce -2.2%
ES Eversource Energy 2.26% 71,713 $5.0M Reduce -2.6%
SO The Southern Co. 2.23% 50,677 $4.9M Reduce -3.0%
PM Philip Morris International 2.22% 29,207 $4.9M Reduce -3.5%
UPS United Parcel Service Class B 2.22% 49,415 $4.9M Add +1.6%
MCD McDonald's Corp. 2.03% 14,358 $4.5M Reduce -1.3%
PRU Prudential Financial Inc. 2.00% 44,969 $4.4M Reduce -3.3%
PEP Pepsico Inc. 1.97% 27,814 $4.3M Add +35.7%
CCI Crown Castle Inc. 1.76% 47,372 $3.9M Reduce -3.8%
MAIN Main Street Capital Corp. 1.73% 71,559 $3.8M Reduce -2.5%
UNP Union Pacific Corp. 1.48% 13,387 $3.2M Reduce -2.5%
SBUX Starbucks Corp. 1.35% 33,077 $3.0M Add +0.3%
VOYA Voya Financial Inc. 1.25% 40,285 $2.8M Reduce -2.4%
TXN Texas Instruments Inc. 1.22% 13,804 $2.7M New
GIS General Mills Inc. 0.99% 58,218 $2.2M Reduce -3.2%
EGY Vaalco Energy Inc. 0.53% 183,188 $1.2M Add +26.1%
MDLV Morgan Dempsey LC Value ETF 0.37% 27,092 $817K Reduce -20.6%
DAC Danaos Corp. 0.27% 5,273 $594K Add +15.6%
FEIM Frequency Electronics Inc. 0.22% 10,914 $483K Add +65.9%
UFPT Ufp Technologies Inc. 0.22% 2,484 $481K Add +71.4%
ESP Espey MFG & Electronics Corp. 0.20% 8,093 $449K Add +0.7%
TATT Tat Technologies Ltd. 0.17% 9,393 $382K Add +10.4%
MYRG MYR Group Inc./Delaware 0.16% 1,226 $346K Add +0.7%
UCTT Ultra Clean Holdings Inc. 0.15% 5,179 $322K Reduce -53.2%
AMSC American Superconductor Corp. 0.13% 8,510 $288K New
BKTI BK Technologies Corp. 0.13% 3,840 $287K Reduce -13.8%
PDEX Pro-Dex Inc. 0.13% 5,808 $286K Add +6.2%
HG Hamilton Insurance Grou Class B 0.12% 9,073 $271K Add +17.4%
NOA North American Construction 0.12% 19,080 $257K New
IVV iShares Core S&P 500 ETF 0.11% 375 $245K No change
SENEA Seneca Foods Corp. Class A 0.11% 1,569 $237K Add +0.7%
COHU Cohu Inc. 0.11% 7,659 $235K Add +0.7%
SUB iShares Short-Term National 0.10% 2,080 $222K No change
OPXS Optex Systems Holdings Inc. 0.10% 16,124 $213K Add +0.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 314 $205K Add +1.9%
NULV Nuveen ESG Large-Cap Val ETF 0.09% 4,248 $193K Add +6.8%
RSP Invesco S&P 500 Equal Weight 0.08% 970 $186K No change
GRW TCW Durable Growth ETF 0.07% 5,464 $150K No change
IGF iShares Global Infrastructur 0.07% 2,231 $149K Add +26.2%
CGCB Cap Group Core Bond 0.07% 5,622 $148K No change
OUSM Alps Oshares US Small-Cap Qu 0.07% 3,291 $144K No change
IWD iShares Russell 1000 Value E 0.06% 654 $140K Add +11.2%
DIAL Columbia Divers Fix Inc. ETF 0.06% 6,888 $125K No change
QQQ Invesco QQQ Trust Series 1 0.06% 209 $121K Add +154.9%
TDTT NT Iboxx 3Y Dur Tips ETF 0.05% 4,926 $119K No change
CAT Caterpillar Inc. 0.05% 165 $117K No change
PLAB Photronics Inc. 0.05% 2,876 $116K New
XLP SS Consumer Staples Sel Sect 0.05% 1,307 $107K No change
AAPL Apple Inc. 0.05% 400 $102K No change
LLY Eli Lilly & Co. 0.04% 107 $99K No change
MFSI MFS Active International 0.04% 2,954 $88K No change
MSFT Microsoft Corp. 0.04% 228 $84K No change
AM Antero Midstream Corp. 0.04% 3,649 $83K Add +1.1%
BIPC Brookfield Infrastructure-A 0.04% 1,993 $79K No change
MDY State Street SPDR S&P Midcap 0.04% 125 $77K No change
PENG Penguin Solutions Inc. 0.03% 4,013 $71K Add +0.7%
SPIP SS SPDR P Tips ETF 0.03% 2,536 $66K Reduce -7.2%
DVYE iShares Emerging Markets Div 0.03% 1,839 $63K No change
KE Kimball Electronics Inc. 0.03% 2,567 $61K Add +0.7%
IVE iShares S&P 500 Value ETF 0.03% 280 $59K No change
LSEQ Harbor Long-Short Equity ETF 0.03% 1,676 $56K No change
IVW iShares S&P 500 Growth ETF 0.02% 400 $45K No change
V Visa Inc. Class A 0.02% 140 $42K No change
EWJ iShares MSCI Japan ETF 0.02% 480 $41K No change
VLGEA Village Super Market Class A 0.02% 908 $38K Reduce -75.5%
COM Direxion Auspice BRD Cmdty 0.02% 1,056 $35K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 635 $31K No change
PAVE Global X US Infrastructure 0.01% 545 $28K No change
ABBV Abbvie Inc. 0.01% 100 $22K No change
VWO Vanguard Ftse Emerging Marke 0.01% 396 $21K No change
MPWR Monolithic Power Systems Inc. 0.01% 19 $21K No change
IJR iShares Core S&P Small-Cap E 0.01% 162 $20K No change
IEF iShares 7-10 Year Treasury B 0.01% 172 $16K No change
HON Honeywell International Inc. 0.01% 62 $14K No change
PFE Pfizer Inc. 0.01% 496 $14K Reduce -83.1%
EMR Emerson Electric Co. 0.01% 105 $14K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 83 $13K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 145 $13K No change
VEA Vanguard Ftse Developed ETF 0.01% 187 $12K Add +67.0%
DVY iShares Select Dividend ETF 0.01% 75 $11K No change
COST Costco Wholesale Corp. 0.01% 11 $11K No change
FXI iShares China Large-Cap ETF 0.01% 304 $11K No change
CWB SS SPDR BB Conv Sec ETF 0.00% 100 $9K No change
MDLZ Mondelez International Inc. Class A 0.00% 154 $9K No change
HEI Heico Corp. 0.00% 32 $9K No change
ICE Intercontinental Exchange Inc. 0.00% 50 $8K No change
TGT Target Corp. 0.00% 57 $7K No change
NEE Nextera Energy Inc. 0.00% 74 $7K No change
ABT Abbott Laboratories 0.00% 61 $6K No change
MARA Mara Holdings Inc. 0.00% 700 $6K No change
CI The Cigna Group 0.00% 20 $5K No change
LYB Lyondellbasell Indu Class A 0.00% 62 $5K Reduce -77.7%
PG The Procter & Gamble Co. 0.00% 33 $5K Reduce -75.0%
IWF iShares Russell 1000 Growth 0.00% 9 $4K No change
JEPI JPMorgan Equity Premium Inco 0.00% 58 $3K Add +1.8%
KHC The Kraft Heinz Co. 0.00% 109 $2K No change
HOOD Robinhood Markets Inc. Class A 0.00% 5 $347 New
SGOV iShares 0-3 Month Treasury B 0.00% 2 $151 Reduce -90.9%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.00% 3 $149 Reduce -97.7%
PESI Perma-Fix Environmental SVCS 0.00% 1 $11 No change
IDN Intellicheck Inc. 0.00% 1 $2 No change

Options reported separately and not counted above: GD calls ($34K), XOM calls ($34K), JNJ calls ($24K), WEC calls ($23K), C calls ($23K), ETR calls ($22K), CVX calls ($21K), T calls ($20K), PM calls ($17K), WFC calls ($16K), CSCO calls ($16K), KO calls ($15K), and 13 more.

Portfolio Sells Q4 2025 → Q1 2026
IBM Intl Business Machines Corp. Reduce -3.1% 2.32% −0.81
WFC Wells Fargo & Co. Reduce -2.4% 2.64% −0.75
PRU Prudential Financial Inc. Reduce -3.3% 2.00% −0.56
C Citigroup Inc. Reduce -2.9% 4.17% −0.55
MDT Medtronic PLC Reduce -3.0% 2.38% −0.52
CMI Cummins Inc. Reduce -12.0% 2.98% −0.46
MAIN Main Street Capital Corp. Reduce -2.5% 1.73% −0.43
CCI Crown Castle Inc. Reduce -3.8% 1.76% −0.38
GIS General Mills Inc. Reduce -3.2% 0.99% −0.38
CSCO Cisco Systems Inc. Reduce -3.0% 3.55% −0.34
VOYA Voya Financial Inc. Reduce -2.4% 1.25% −0.24
GD General Dynamics Corp. Reduce -2.9% 2.80% −0.22
PM Philip Morris International Reduce -3.5% 2.22% −0.17
ES Eversource Energy Reduce -2.6% 2.26% −0.15
POWL Powell Industries Inc. Sold out 0.00% −0.15
NRC NRC Health Sold out 0.00% −0.14
MCD McDonald's Corp. Reduce -1.3% 2.03% −0.13
MDLV Morgan Dempsey LC Value ETF Reduce -20.6% 0.37% −0.10
UNP Union Pacific Corp. Reduce -2.5% 1.48% −0.07
HWKN Hawkins Inc. Sold out 0.00% −0.06
ATNI Atn International Inc. Sold out 0.00% −0.06
VLGEA Village Super Market Class A Reduce -75.5% 0.02% −0.05
KO The Coca-Cola Co. Reduce -3.9% 2.75% −0.04
BKTI BK Technologies Corp. Reduce -13.8% 0.13% −0.03
PFE Pfizer Inc. Reduce -83.1% 0.01% −0.03
PG The Procter & Gamble Co. Reduce -75.0% 0.00% −0.01
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.01
WEC WEC Energy Group Inc. Reduce -2.7% 3.31% −0.00
SPIP SS SPDR P Tips ETF Reduce -7.2% 0.03% −0.00
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −0.00
JEPQ JPM Nasdaq Equity Premium Reduce -97.7% 0.00% −0.00
LYB Lyondellbasell Indu Class A Reduce -77.7% 0.00% −0.00
PINS Pinterest Inc. Class A Sold out 0.00% −0.00
SGOV iShares 0-3 Month Treasury B Reduce -90.9% 0.00% −0.00
SO The Southern Co. Reduce -3.0% 2.23% +0.01
UCTT Ultra Clean Holdings Inc. Reduce -53.2% 0.15% +0.01
CME Cme Group Inc. Reduce -0.5% 2.96% +0.02
DUK Duke Energy Corp. Reduce -3.0% 2.41% +0.03
MRK Merck & Co. Inc. Reduce -3.1% 2.39% +0.08
PBA Pembina Pipeline Corp. Reduce -3.0% 2.94% +0.18
RIO Rio Tinto PLC-Spon ADR Reduce -2.2% 2.27% +0.20
T AT&T Inc. Reduce -3.0% 3.77% +0.21
JNJ Johnson & Johnson Reduce -2.7% 3.16% +0.22
VZ Verizon Communications Inc. Reduce -3.0% 2.70% +0.29
ETR Entergy Corp. Reduce -2.5% 3.75% +0.37
LMT Lockheed Martin Corp. Reduce -2.7% 3.25% +0.39
CVX Chevron Corp. Reduce -3.0% 3.54% +0.66
XOM Exxon Mobil Corp. Reduce -3.0% 4.63% +1.01

Portfolio Buys Q4 2025 → Q1 2026
TXN Texas Instruments Inc. New 1.22% +1.22
OKE Oneok Inc. Add +8.5% 2.77% +0.55
PEP Pepsico Inc. Add +35.7% 1.97% +0.52
EGY Vaalco Energy Inc. Add +26.1% 0.53% +0.27
BIL SS SPDR BB 1-3M T-Bill ETF Add +15.8% 2.78% +0.22
AMSC American Superconductor Corp. New 0.13% +0.13
NOA North American Construction New 0.12% +0.12
UFPT Ufp Technologies Inc. Add +71.4% 0.22% +0.06
DAC Danaos Corp. Add +15.6% 0.27% +0.06
PLAB Photronics Inc. New 0.05% +0.05
FEIM Frequency Electronics Inc. Add +65.9% 0.22% +0.05
QQQ Invesco QQQ Trust Series 1 Add +154.9% 0.06% +0.03
MYRG MYR Group Inc./Delaware Add +0.7% 0.16% +0.03
PDEX Pro-Dex Inc. Add +6.2% 0.13% +0.03
SENEA Seneca Foods Corp. Class A Add +0.7% 0.11% +0.02
COHU Cohu Inc. Add +0.7% 0.11% +0.02
ESP Espey MFG & Electronics Corp. Add +0.7% 0.20% +0.02
HG Hamilton Insurance Grou Class B Add +17.4% 0.12% +0.02
IGF iShares Global Infrastructur Add +26.2% 0.07% +0.02
AM Antero Midstream Corp. Add +1.1% 0.04% +0.01
IWD iShares Russell 1000 Value E Add +11.2% 0.06% +0.00
VEA Vanguard Ftse Developed ETF Add +67.0% 0.01% +0.00
NULV Nuveen ESG Large-Cap Val ETF Add +6.8% 0.09% +0.00
HOOD Robinhood Markets Inc. Class A New 0.00% +0.00
JEPI JPMorgan Equity Premium Inco Add +1.8% 0.00% −0.00
SBUX Starbucks Corp. Add +0.3% 1.35% −0.00
PENG Penguin Solutions Inc. Add +0.7% 0.03% −0.01
KE Kimball Electronics Inc. Add +0.7% 0.03% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +1.9% 0.09% −0.01
TATT Tat Technologies Ltd. Add +10.4% 0.17% −0.01
OPXS Optex Systems Holdings Inc. Add +0.7% 0.10% −0.01
UPS United Parcel Service Class B Add +1.6% 2.22% −0.13

Options Activity Q4 2025 → Q1 2026
PM Philip Morris International call New 100 $17K
KO The Coca-Cola Co. call New 200 $15K
PRU Prudential Financial Inc. call Sold out 100 $11Kbefore exit
PFE Pfizer Inc. call Sold out 400 $10Kbefore exit
CCI Crown Castle Inc. call New 100 $8K
LYB Lyondellbasell Indu Class A 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$233.4MBIL, C, CMI, ETR, CSCO
Q1 2026 123$219.4MXOM, C, T, ETR, CSCO
Q4 2025 125$205.2MC, CSCO, XOM, T, CMI
Q3 2025 131$224.9MC, T, WEC, CSCO, ETR
Q2 2025 129$239.3MT, C, CSCO, WEC, XOM
Q1 2025 110$239.8MT, PM, XOM, WEC, C
Q4 2024 104$248.5METR, C, T, XOM, CSCO
Q3 2024 99$291.1MIBM, XOM, LMT, T, WEC
Q2 2024 86$299.6MXOM, IBM, C, T, MRK
Q1 2024 85$312.3MPSX, XOM, IBM, C, MRK