Morgan Dempsey Capital Management LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 3, 2026), Morgan Dempsey Capital Management LLC reported 122 stock positions worth $233.4 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 4.5% of the portfolio, followed by Citigroup (C, 3.8%) and Cummins (CMI, 3.8%). Compared with Q1 2026, it opened 6 new positions, sold out of 7, added to 49 and reduced 20. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +71%) and the biggest sale Main Street Capital (MAIN, shares −99%).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001050463
Portfolio Value
$233.4M (Q2 2026)
SEC Filing
0001941040-26-000498 ↗ filed Aug 3, 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 Q1 2026 Q2 2026: $233.4M $233.4M Q2 2026

Holdings 122 stocks · $233.4M
BIL SS SPDR BB 1-3M T-Bill ETF 4.48% 114,108 $10.5M Add +71.3%
C Citigroup Inc. 3.85% 64,124 $9.0M Reduce -20.5%
CMI Cummins Inc. 3.82% 12,509 $8.9M Add +2.9%
ETR Entergy Corp. 3.71% 75,458 $8.7M Add +3.1%
CSCO Cisco Systems Inc. 3.69% 73,393 $8.6M Reduce -26.9%
XOM Exxon Mobil Corp. 3.61% 61,676 $8.4M Add +2.9%
WEC WEC Energy Group Inc. 3.23% 64,642 $7.5M Add +2.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.13% 25,939 $7.3M Add +23.3%
JNJ Johnson & Johnson 3.03% 27,812 $7.1M Reduce -2.0%
PBA Pembina Pipeline Corp. 2.94% 148,296 $6.9M Add +3.0%
UPS United Parcel Service Class B 2.89% 62,845 $6.8M Add +27.2%
KO The Coca-Cola Co. 2.84% 81,153 $6.6M Add +3.1%
GD General Dynamics Corp. 2.81% 18,483 $6.5M Add +3.3%
CVX Chevron Corp. 2.74% 38,597 $6.4M Add +2.9%
LMT Lockheed Martin Corp. 2.66% 12,207 $6.2M Add +3.5%
WFC Wells Fargo & Co. 2.66% 75,035 $6.2M Add +3.2%
T AT&T Inc. 2.61% 294,433 $6.1M Add +3.3%
OKE Oneok Inc. 2.59% 69,634 $6.1M Add +3.7%
MRK Merck & Co. Inc. 2.47% 44,625 $5.8M Add +3.0%
PM Philip Morris International 2.36% 30,150 $5.5M Add +3.2%
MCD McDonald's Corp. 2.34% 20,199 $5.5M Add +40.7%
PEP Pepsico Inc. 2.32% 39,911 $5.4M Add +43.5%
ES Eversource Energy 2.29% 73,953 $5.3M Add +3.1%
VOYA Voya Financial Inc. 2.26% 58,384 $5.3M Add +44.9%
DUK Duke Energy Corp. 2.25% 41,552 $5.3M Add +3.0%
VZ Verizon Communications Inc. 2.21% 121,911 $5.2M Add +3.2%
RIO Rio Tinto PLC-Spon ADR 2.18% 53,677 $5.1M Add +3.4%
CME Cme Group Inc. 2.15% 22,695 $5.0M Add +3.3%
SO The Southern Co. 2.14% 52,236 $5.0M Add +3.1%
UNP Union Pacific Corp. 2.08% 17,834 $4.9M Add +33.2%
MDT Medtronic PLC 2.08% 61,417 $4.8M Add +3.0%
PRU Prudential Financial Inc. 1.91% 41,326 $4.5M Reduce -8.1%
TXN Texas Instruments Inc. 1.82% 14,267 $4.3M Add +3.4%
CCI Crown Castle Inc. 1.65% 50,708 $3.8M Add +7.0%
SBUX Starbucks Corp. 1.49% 34,039 $3.5M Add +2.9%
PLD Prologis Inc. 1.29% 22,297 $3.0M New
EGY Vaalco Energy Inc. 0.42% 192,094 $976K Add +4.9%
FEIM Frequency Electronics Inc. 0.33% 11,484 $762K Add +5.2%
UFPT Ufp Technologies Inc. 0.32% 2,851 $756K Add +14.8%
DAC Danaos Corp. 0.30% 5,675 $700K Add +7.6%
TATT Tat Technologies Ltd. 0.24% 12,091 $571K Add +28.7%
ESP Espey MFG & Electronics Corp. 0.24% 8,387 $568K Add +3.6%
MDLV Morgan Dempsey LC Value ETF 0.24% 18,021 $553K Reduce -33.5%
COHU Cohu Inc. 0.21% 6,478 $479K Reduce -15.4%
PDEX Pro-Dex Inc. 0.17% 6,716 $394K Add +15.6%
AMSC American Superconductor Corp. 0.16% 8,819 $366K Add +3.6%
BKTI BK Technologies Corp. 0.15% 4,037 $347K Add +5.1%
UCTT Ultra Clean Holdings Inc. 0.15% 2,412 $344K Reduce -53.4%
HG Hamilton Insurance Grou Class B 0.14% 9,541 $324K Add +5.2%
SPSC SPS Commerce Inc. 0.14% 5,515 $315K New
NOA North American Construction 0.13% 23,326 $315K Add +22.3%
IVV iShares Core S&P 500 ETF 0.12% 375 $281K No change
SENEA Seneca Foods Corp. Class A 0.12% 1,590 $271K Add +1.3%
PLAB Photronics Inc. 0.11% 7,910 $257K Add +175.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 314 $235K No change
OPXS Optex Systems Holdings Inc. 0.10% 16,798 $230K Add +4.2%
SUB iShares Short-Term National 0.09% 2,080 $221K No change
RSP Invesco S&P 500 Equal Weight 0.09% 970 $206K No change
NULV Nuveen ESG Large-Cap Val ETF 0.08% 3,937 $197K Reduce -7.3%
GRW TCW Durable Growth ETF 0.08% 5,464 $176K No change
CAT Caterpillar Inc. 0.07% 160 $170K Reduce -3.0%
OUSM Alps Oshares US Small-Cap Qu 0.07% 3,291 $156K No change
QQQ Invesco QQQ Trust Series 1 0.07% 210 $155K Add +0.5%
IWD iShares Russell 1000 Value E 0.07% 631 $153K Reduce -3.5%
IGF iShares Global Infrastructur 0.06% 2,231 $149K No change
CGCB Cap Group Core Bond 0.06% 5,622 $147K No change
LMAT Lemaitre Vascular Inc. 0.06% 1,348 $129K New
DIAL Columbia Divers Fix Inc. ETF 0.05% 6,888 $125K No change
TDTT NT Iboxx 3Y Dur Tips ETF 0.05% 4,926 $118K No change
AAPL Apple Inc. 0.05% 365 $106K Reduce -8.8%
MFSI MFS Active International 0.04% 2,954 $96K No change
MDY State Street SPDR S&P Midcap 0.04% 125 $88K No change
MSFT Microsoft Corp. 0.04% 228 $85K No change
AM Antero Midstream Corp. 0.04% 3,687 $84K Add +1.0%
BIPC Brookfield Infrastructure-A 0.03% 1,993 $77K No change
KE Kimball Electronics Inc. 0.03% 2,611 $67K Add +1.7%
SPIP SS SPDR P Tips ETF 0.03% 2,536 $65K No change
IVE iShares S&P 500 Value ETF 0.03% 280 $64K No change
LSEQ Harbor Long-Short Equity ETF 0.03% 1,676 $60K No change
DVYE iShares Emerging Markets Div 0.03% 1,839 $59K No change
IVW iShares S&P 500 Growth ETF 0.02% 400 $55K No change
V Visa Inc. Class A 0.02% 140 $48K No change
EWJ iShares MSCI Japan ETF 0.02% 480 $45K No change
BAC Bank of America Corp. 0.02% 635 $36K No change
COM Direxion Auspice BRD Cmdty 0.01% 1,056 $34K No change
PAVE Global X US Infrastructure 0.01% 545 $32K No change
LLY Eli Lilly & Co. 0.01% 23 $28K Reduce -78.5%
MPWR Monolithic Power Systems Inc. 0.01% 19 $26K No change
ABBV Abbvie Inc. 0.01% 100 $25K No change
IJR iShares Core S&P Small-Cap E 0.01% 162 $24K No change
VWO Vanguard Ftse Emerging Marke 0.01% 396 $24K No change
MAIN Main Street Capital Corp. 0.01% 435 $23K Reduce -99.4%
IEF iShares 7-10 Year Treasury B 0.01% 172 $16K No change
EMR Emerson Electric Co. 0.01% 105 $15K No change
IEFA iShares Core MSCI Eafe ETF 0.01% 145 $14K No change
VEA Vanguard Ftse Developed ETF 0.01% 187 $13K No change
ADBE Adobe Inc. 0.01% 65 $13K New
DVY iShares Select Dividend ETF 0.01% 75 $12K No change
HEI Heico Corp. 0.00% 32 $11K No change
COST Costco Wholesale Corp. 0.00% 11 $10K No change
MARA Mara Holdings Inc. 0.00% 700 $10K No change
FXI iShares China Large-Cap ETF 0.00% 304 $10K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 63 $10K Reduce -24.1%
TGT Target Corp. 0.00% 57 $7K No change
HON Honeywell International Inc. 0.00% 31 $7K No change
MDLZ Mondelez International Inc. Class A 0.00% 114 $7K Reduce -26.0%
NEE Nextera Energy Inc. 0.00% 74 $6K No change
ICE Intercontinental Exchange Inc. 0.00% 40 $5K Reduce -20.0%
IWF iShares Russell 1000 Growth 0.00% 36 $4K No change
CI The Cigna Group 0.00% 15 $4K Reduce -25.0%
PFE Pfizer Inc. 0.00% 170 $4K Reduce -65.7%
ABT Abbott Laboratories 0.00% 41 $4K Reduce -32.8%
JEPI JPMorgan Equity Premium Inco 0.00% 59 $3K Add +1.7%
LYB Lyondellbasell Indu Class A 0.00% 62 $3K No change
DTCR Global X Data Center & Digit 0.00% 100 $3K New
GIS General Mills Inc. 0.00% 71 $2K Reduce -99.9%
IWM iShares Russell 2000 ETF 0.00% 2 $601 New
HOOD Robinhood Markets Inc. Class A 0.00% 5 $501 No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.00% 3 $170 No change
SGOV iShares 0-3 Month Treasury B 0.00% 2 $153 No change
PESI Perma-Fix Environmental SVCS 0.00% 1 $14 No change
IDN Intellicheck Inc. 0.00% 1 $2 No change

Portfolio Sells Q1 2026 → Q2 2026
MAIN Main Street Capital Corp. Reduce -99.4% 0.01% −1.72
GIS General Mills Inc. Reduce -99.9% 0.00% −0.99
C Citigroup Inc. Reduce -20.5% 3.85% −0.32
MYRG MYR Group Inc./Delaware Sold out 0.00% −0.16
MDLV Morgan Dempsey LC Value ETF Reduce -33.5% 0.24% −0.14
JNJ Johnson & Johnson Reduce -2.0% 3.03% −0.14
PRU Prudential Financial Inc. Reduce -8.1% 1.91% −0.09
XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.05
LLY Eli Lilly & Co. Reduce -78.5% 0.01% −0.03
PENG Penguin Solutions Inc. Sold out 0.00% −0.03
VLGEA Village Super Market Class A Sold out 0.00% −0.02
PFE Pfizer Inc. Reduce -65.7% 0.00% −0.00
CWB SS SPDR BB Conv Sec ETF Sold out 0.00% −0.00
NULV Nuveen ESG Large-Cap Val ETF Reduce -7.3% 0.08% −0.00
PG The Procter & Gamble Co. Sold out 0.00% −0.00
TJX TJX Companies Inc. Reduce -24.1% 0.00% −0.00
ICE Intercontinental Exchange Inc. Reduce -20.0% 0.00% −0.00
ABT Abbott Laboratories Reduce -32.8% 0.00% −0.00
MDLZ Mondelez International Inc. Class A Reduce -26.0% 0.00% −0.00
KHC The Kraft Heinz Co. Sold out 0.00% −0.00
AAPL Apple Inc. Reduce -8.8% 0.05% −0.00
CI The Cigna Group Reduce -25.0% 0.00% −0.00
UCTT Ultra Clean Holdings Inc. Reduce -53.4% 0.15% +0.00
IWD iShares Russell 1000 Value E Reduce -3.5% 0.07% +0.00
CAT Caterpillar Inc. Reduce -3.0% 0.07% +0.02
COHU Cohu Inc. Reduce -15.4% 0.21% +0.10
CSCO Cisco Systems Inc. Reduce -26.9% 3.69% +0.14

Portfolio Buys Q1 2026 → Q2 2026
BIL SS SPDR BB 1-3M T-Bill ETF Add +71.3% 4.48% +1.70
PLD Prologis Inc. New 1.29% +1.29
VOYA Voya Financial Inc. Add +44.9% 2.26% +1.01
CMI Cummins Inc. Add +2.9% 3.82% +0.84
IBM Intl Business Machines Corp. Add +23.3% 3.13% +0.80
UPS United Parcel Service Class B Add +27.2% 2.89% +0.68
TXN Texas Instruments Inc. Add +3.4% 1.82% +0.60
UNP Union Pacific Corp. Add +33.2% 2.08% +0.60
PEP Pepsico Inc. Add +43.5% 2.32% +0.35
MCD McDonald's Corp. Add +40.7% 2.34% +0.31
SBUX Starbucks Corp. Add +2.9% 1.49% +0.14
PM Philip Morris International Add +3.2% 2.36% +0.14
SPSC SPS Commerce Inc. New 0.14% +0.14
FEIM Frequency Electronics Inc. Add +5.2% 0.33% +0.11
UFPT Ufp Technologies Inc. Add +14.8% 0.32% +0.10
KO The Coca-Cola Co. Add +3.1% 2.84% +0.10
MRK Merck & Co. Inc. Add +3.0% 2.47% +0.08
TATT Tat Technologies Ltd. Add +28.7% 0.24% +0.07
PLAB Photronics Inc. Add +175.0% 0.11% +0.06
LMAT Lemaitre Vascular Inc. New 0.06% +0.06
ESP Espey MFG & Electronics Corp. Add +3.6% 0.24% +0.04
PDEX Pro-Dex Inc. Add +15.6% 0.17% +0.04
DAC Danaos Corp. Add +7.6% 0.30% +0.03
AMSC American Superconductor Corp. Add +3.6% 0.16% +0.03
ES Eversource Energy Add +3.1% 2.29% +0.03
WFC Wells Fargo & Co. Add +3.2% 2.66% +0.02
BKTI BK Technologies Corp. Add +5.1% 0.15% +0.02
NOA North American Construction Add +22.3% 0.13% +0.02
HG Hamilton Insurance Grou Class B Add +5.2% 0.14% +0.02
QQQ Invesco QQQ Trust Series 1 Add +0.5% 0.07% +0.01
SENEA Seneca Foods Corp. Class A Add +1.3% 0.12% +0.01
ADBE Adobe Inc. New 0.01% +0.01
GD General Dynamics Corp. Add +3.3% 2.81% +0.01
PBA Pembina Pipeline Corp. Add +3.0% 2.94% +0.00
DTCR Global X Data Center & Digit New 0.00% +0.00
OPXS Optex Systems Holdings Inc. Add +4.2% 0.10% +0.00
KE Kimball Electronics Inc. Add +1.7% 0.03% +0.00
IWM iShares Russell 2000 ETF New 0.00% +0.00
JEPI JPMorgan Equity Premium Inco Add +1.7% 0.00% −0.00
AM Antero Midstream Corp. Add +1.0% 0.04% −0.00
ETR Entergy Corp. Add +3.1% 3.71% −0.03
WEC WEC Energy Group Inc. Add +2.9% 3.23% −0.08
RIO Rio Tinto PLC-Spon ADR Add +3.4% 2.18% −0.08
SO The Southern Co. Add +3.1% 2.14% −0.09
CCI Crown Castle Inc. Add +7.0% 1.65% −0.11
EGY Vaalco Energy Inc. Add +4.9% 0.42% −0.11
DUK Duke Energy Corp. Add +3.0% 2.25% −0.15
OKE Oneok Inc. Add +3.7% 2.59% −0.17
MDT Medtronic PLC Add +3.0% 2.08% −0.30
VZ Verizon Communications Inc. Add +3.2% 2.21% −0.49

Options Activity Q1 2026 → Q2 2026
GD General Dynamics Corp. call Sold out 100 $34Kbefore exit
XOM Exxon Mobil Corp. call Sold out 200 $34Kbefore exit
JNJ Johnson & Johnson call Sold out 100 $24Kbefore exit
WEC WEC Energy Group Inc. call Sold out 200 $23Kbefore exit
C Citigroup Inc. call Sold out 200 $23Kbefore exit
ETR Entergy Corp. call Sold out 200 $22Kbefore exit
CVX Chevron Corp. call Sold out 100 $21Kbefore exit
T AT&T Inc. call Sold out 700 $20Kbefore exit
PM Philip Morris International call Sold out 100 $17Kbefore exit
WFC Wells Fargo & Co. call Sold out 200 $16Kbefore exit
CSCO Cisco Systems Inc. call Sold out 200 $16Kbefore exit
KO The Coca-Cola Co. call Sold out 200 $15Kbefore exit
VZ Verizon Communications Inc. call Sold out 300 $15Kbefore exit
DUK Duke Energy Corp. call Sold out 100 $13Kbefore exit
MRK Merck & Co. Inc. call Sold out 100 $12Kbefore exit
MAIN Main Street Capital Corp. call Sold out 200 $11Kbefore exit
UPS United Parcel Service Class B call Sold out 100 $10Kbefore exit
SO The Southern Co. call Sold out 100 $10Kbefore exit
RIO Rio Tinto PLC-Spon ADR call Sold out 100 $10Kbefore exit
OKE Oneok Inc. call Sold out 100 $9Kbefore exit
SBUX Starbucks Corp. call Sold out 100 $9Kbefore exit
CCI Crown Castle Inc. call Sold out 100 $8Kbefore exit
GIS General Mills Inc. call Sold out 200 $7Kbefore exit
ES Eversource Energy call Sold out 100 $7Kbefore exit
VOYA Voya Financial Inc. call Sold out 100 $7Kbefore 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