Murphy Pohlad Asset Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), Murphy Pohlad Asset Management LLC reported 120 stock positions worth $236.3 million. Its top holding was Travelers Cos (TRV) at 3.7% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 3.6%) and Agnico Eagle Mines (AEM, 2.8%). Compared with Q1 2025, it opened 3 new positions, sold out of 4, added to 23 and reduced 46. The biggest buy was a new position in Thermo Fisher Scientific (TMO) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −5%).

Most Recent 13F
Q2 2026
Location
EDEN PRAIRIE, MN
CIK
0001569148
Portfolio Value
$236.3M (Q2 2025)
SEC Filing
0001085146-25-004470 ↗ filed Aug 4, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $255.5M Q1 2024 Q2 2024: $231.8M Q2 2024 Q3 2024: $240.5M Q3 2024 Q4 2024: $232.2M Q4 2024 Q1 2025: $235.7M Q1 2025 Q2 2025: $236.3M $236.3M Q2 2025 Q3 2025: $254.9M Q3 2025 Q4 2025: $260.4M Q4 2025 Q1 2026: $279.0M Q1 2026 Q2 2026: $287.1M Q2 2026

Holdings 120 stocks · $236.3M
TRV The Travelers Cos Inc. 3.70% 32,695 $8.7M Reduce -11.2%
BRK.B Berkshire Hathaway Inc. Class B 3.57% 17,377 $8.4M Reduce -4.9%
AEM Agnico Eagle Mines Ltd. 2.79% 55,487 $6.6M Reduce -5.6%
CTVA Corteva Inc. 2.56% 81,267 $6.1M Reduce -2.4%
COP Conocophillips 2.52% 66,399 $6.0M Add +4.8%
MDT Medtronic PLC 2.46% 66,744 $5.8M Add +0.5%
MSFT Microsoft Corp. 2.46% 11,695 $5.8M Reduce -0.8%
PG The Procter & Gamble Co. 2.25% 33,385 $5.3M Reduce -1.5%
CCJ Cameco Corp. 2.21% 70,230 $5.2M Reduce -0.3%
EMR Emerson Electric Co. 2.04% 36,240 $4.8M Reduce -0.8%
ALV Autoliv Inc. 1.97% 41,685 $4.7M No change
UNP Union Pacific Corp. 1.90% 19,508 $4.5M No change
AIG American International Group 1.89% 52,252 $4.5M Reduce -0.5%
CSCO Cisco Systems Inc. 1.86% 63,308 $4.4M Reduce -0.3%
AGI Alamos Gold Inc. Class A 1.78% 158,770 $4.2M Reduce -0.6%
CMCSA Comcast Corp. Class A 1.76% 116,415 $4.2M Reduce -10.3%
UPS United Parcel Service Class B 1.76% 41,122 $4.2M Add +5.0%
GD General Dynamics Corp. 1.62% 13,112 $3.8M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.56% 40,545 $3.7M Reduce -1.0%
WTW Willis Towers Watson PLC 1.56% 12,020 $3.7M Reduce -2.8%
CVX Chevron Corp. 1.55% 25,529 $3.7M Reduce -0.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.55% 108,069 $3.7M Add +4.5%
NTR Nutrien Ltd. 1.45% 59,035 $3.4M Add +0.4%
FLS Flowserve Corp. 1.45% 65,590 $3.4M Add +0.7%
VFC VF Corp. 1.45% 291,349 $3.4M Add +83.9%
AAPL Apple Inc. 1.44% 16,569 $3.4M Reduce -0.4%
INTC Intel Corp. 1.44% 151,679 $3.4M Reduce -2.5%
KIM Kimco Realty Corp. 1.42% 159,987 $3.4M No change
KMB Kimberly-Clark Corp. 1.39% 25,559 $3.3M No change
C Citigroup Inc. 1.39% 38,679 $3.3M Reduce -15.6%
DVN Devon Energy Corp. 1.39% 103,067 $3.3M Add +4.0%
NOK Nokia Corp.-Spon ADR 1.33% 608,199 $3.2M Reduce -2.4%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 1.30% 37,905 $3.1M Add +9.6%
FHI Federated Hermes Inc. 1.27% 67,696 $3.0M Reduce -2.6%
GOOG Alphabet Inc. Class C 1.25% 16,634 $3.0M Reduce -0.5%
PFE Pfizer Inc. 1.20% 116,895 $2.8M Reduce -5.7%
PEP Pepsico Inc. 1.20% 21,418 $2.8M Add +5.9%
TGT Target Corp. 1.18% 28,330 $2.8M Reduce -0.9%
CNH CNH Industrial NV 1.17% 214,090 $2.8M Reduce -0.9%
NSC Norfolk Southern Corp. 1.16% 10,675 $2.7M No change
CMI Cummins Inc. 1.04% 7,490 $2.5M No change
PNC PNC Financial Services Group 1.03% 12,999 $2.4M Reduce -17.9%
APA Apa Corp. 1.02% 132,433 $2.4M Add +32.2%
EXE Expand Energy Corp. 1.01% 20,321 $2.4M Add +2.2%
JNJ Johnson & Johnson 0.89% 13,794 $2.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.86% 16,309 $2.0M No change
MAC The Macerich Co. 0.85% 123,860 $2.0M Add +0.2%
CAH Cardinal Health Inc. 0.83% 11,705 $2.0M No change
ITW Illinois Tool Works 0.83% 7,935 $2.0M No change
CNX CNX Resources Corp. 0.77% 54,175 $1.8M No change
MRK Merck & Co. Inc. 0.75% 22,528 $1.8M Reduce -11.3%
CL Colgate-Palmolive Co. 0.74% 19,269 $1.8M Reduce -0.5%
LOW Lowe's Cos Inc. 0.73% 7,807 $1.7M No change
GIS General Mills Inc. 0.65% 29,782 $1.5M No change
WMT Walmart Inc. 0.65% 15,687 $1.5M Reduce -1.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.64% 31,792 $1.5M Reduce -5.3%
UNH Unitedhealth Group Inc. 0.58% 4,425 $1.4M Add +21.8%
MDLZ Mondelez International Inc. Class A 0.57% 19,810 $1.3M No change
CLF Cleveland-Cliffs Inc. 0.53% 166,090 $1.3M Reduce -3.1%
MOS The Mosaic Co. 0.51% 33,275 $1.2M Add +1.8%
INGR Ingredion Inc. 0.47% 8,245 $1.1M No change
WFC Wells Fargo & Co. 0.47% 13,863 $1.1M Reduce -20.6%
THO Thor Industries Inc. 0.46% 12,252 $1.1M No change
TMO Thermo Fisher Scientific Inc. 0.44% 2,542 $1.0M New
MRSH Marsh & McLennan Cos 0.43% 4,645 $1.0M No change
KO The Coca-Cola Co. 0.42% 13,871 $981K No change
MAA Mid-America Apartment Comm 0.39% 6,285 $930K No change
UL Unilever PLC 0.38% 14,750 $902K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.37% 7,088 $875K No change
CBOE Cboe Global Markets Inc. 0.37% 3,715 $866K No change
HD Home Depot Inc. 0.36% 2,298 $843K No change
REGN Regeneron Pharmaceuticals 0.35% 1,580 $830K Reduce -1.3%
JPM JPMorgan Chase & Co. 0.34% 2,800 $812K No change
DFAC Dimensional US Core Equity 2 0.34% 22,504 $807K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.34% 8,700 $800K Add +3.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.33% 10,562 $776K Reduce -18.7%
CNC Centene Corp. 0.33% 14,150 $768K Reduce -31.5%
NVDA Nvidia Corp. 0.32% 4,714 $745K Reduce -21.2%
BRK.A Berkshire Hathaway Inc. Class A 0.31% 1 $729K No change
ABBV Abbvie Inc. 0.30% 3,849 $714K No change
OXY Occidental Petroleum Corp. 0.28% 15,700 $660K Reduce -30.2%
CHRW C.H. Robinson Worldwide Inc. 0.28% 6,800 $652K Reduce -2.2%
VTV Vanguard Mrngstr Val ETF-Aui 0.27% 3,591 $635K No change
GOOGL Alphabet Inc. Class A 0.26% 3,532 $622K Add +0.3%
TDOC Teladoc Health Inc. 0.26% 69,600 $606K Add +10.5%
TT Trane Technologies PLC 0.25% 1,350 $591K No change
VEU Vanguard Ftse All-World Ex-U 0.21% 7,341 $493K No change
XOM Exxon Mobil Corp. 0.21% 4,537 $489K No change
VZ Verizon Communications Inc. 0.21% 11,229 $486K No change
WY Weyerhaeuser Co. 0.20% 17,990 $462K No change
ABT Abbott Laboratories 0.19% 3,254 $443K Add +0.8%
LMT Lockheed Martin Corp. 0.18% 919 $426K Reduce -1.6%
BWA Borgwarner Inc. 0.16% 11,480 $384K No change
TTC Toro Co. 0.16% 5,382 $380K Reduce -29.7%
DFAT Dimensional US Target Value 0.15% 6,693 $361K Reduce -50.0%
WINA Winmark Corp. 0.15% 940 $355K No change
DEO Diageo PLC-Sponsored ADR 0.14% 3,247 $327K No change
COST Costco Wholesale Corp. 0.14% 326 $323K No change
URI United Rentals Inc. 0.13% 420 $316K No change
RIG Transocean Ltd. 0.13% 116,000 $300K Add +9.0%

Show all 120 holdings

Portfolio Sells Q1 2025 → Q2 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -4.9% 3.57% −0.56
RIO Rio Tinto PLC-Spon ADR Sold out 0.00% −0.43
TRV The Travelers Cos Inc. Reduce -11.2% 3.70% −0.43
CMCSA Comcast Corp. Class A Reduce -10.3% 1.76% −0.27
CVX Chevron Corp. Reduce -0.2% 1.55% −0.27
WTW Willis Towers Watson PLC Reduce -2.8% 1.56% −0.21
MRK Merck & Co. Inc. Reduce -11.3% 0.75% −0.21
CNC Centene Corp. Reduce -31.5% 0.33% −0.21
PG The Procter & Gamble Co. Reduce -1.5% 2.25% −0.20
OXY Occidental Petroleum Corp. Reduce -30.2% 0.28% −0.19
PNC PNC Financial Services Group Reduce -17.9% 1.03% −0.15
SPG Simon Property Group Inc. Reduce -56.6% 0.10% −0.14
DFAT Dimensional US Target Value Reduce -50.0% 0.15% −0.14
PFE Pfizer Inc. Reduce -5.7% 1.20% −0.13
AAPL Apple Inc. Reduce -0.4% 1.44% −0.13
EOG EOG Resources Inc. Sold out 0.00% −0.09
PSX Phillips 66 Sold out 0.00% −0.09
TGT Target Corp. Reduce -0.9% 1.18% −0.08
REGN Regeneron Pharmaceuticals Reduce -1.3% 0.35% −0.08
TTC Toro Co. Reduce -29.7% 0.16% −0.08
WRB WR Berkley Corp. Reduce -18.7% 0.33% −0.06
CLF Cleveland-Cliffs Inc. Reduce -3.1% 0.53% −0.06
WFC Wells Fargo & Co. Reduce -20.6% 0.47% −0.06
INTC Intel Corp. Reduce -2.5% 1.44% −0.06
NOK Nokia Corp.-Spon ADR Reduce -2.4% 1.33% −0.06
AHRT Ah Realty Trust Inc. Sold out 0.00% −0.06
AIG American International Group Reduce -0.5% 1.89% −0.04
BAX Baxter International Inc. Reduce -15.8% 0.12% −0.04
CL Colgate-Palmolive Co. Reduce -0.5% 0.74% −0.03
AGI Alamos Gold Inc. Class A Reduce -0.6% 1.78% −0.03
CHRW C.H. Robinson Worldwide Inc. Reduce -2.2% 0.28% −0.03
OSUR Orasure Technologies Inc. Reduce -9.1% 0.10% −0.02
WBA Walgreens Boots Alliance Inc. Reduce -5.6% 0.08% −0.00
VIGI Vanguard Int Div App Indx FD Reduce -10.1% 0.10% −0.00
LMT Lockheed Martin Corp. Reduce -1.6% 0.18% +0.00
C Citigroup Inc. Reduce -15.6% 1.39% +0.01
KOPN Kopin Corp. Reduce -7.6% 0.09% +0.03
NVDA Nvidia Corp. Reduce -21.2% 0.32% +0.04
BAC Bank of America Corp. Reduce -5.3% 0.64% +0.04
CNH CNH Industrial NV Reduce -0.9% 1.17% +0.05
WMT Walmart Inc. Reduce -1.9% 0.65% +0.05
FHI Federated Hermes Inc. Reduce -2.6% 1.27% +0.07
AEM Agnico Eagle Mines Ltd. Reduce -5.6% 2.79% +0.09
BNY Bank of New York Mellon Corp. Reduce -1.0% 1.56% +0.11
GOOG Alphabet Inc. Class C Reduce -0.5% 1.25% +0.14
CSCO Cisco Systems Inc. Reduce -0.3% 1.86% +0.20
CTVA Corteva Inc. Reduce -2.4% 2.56% +0.34
EMR Emerson Electric Co. Reduce -0.8% 2.04% +0.34
MSFT Microsoft Corp. Reduce -0.8% 2.46% +0.58
CCJ Cameco Corp. Reduce -0.3% 2.21% +0.97

Portfolio Buys Q1 2025 → Q2 2025
TMO Thermo Fisher Scientific Inc. New 0.44% +0.44
VFC VF Corp. Add +83.9% 1.45% +0.41
EL Estee Lauder Companies Class A Add +9.6% 1.30% +0.33
NTR Nutrien Ltd. Add +0.4% 1.45% +0.22
MOS The Mosaic Co. Add +1.8% 0.51% +0.14
APA Apa Corp. Add +32.2% 1.02% +0.13
AVGO Broadcom Inc. New 0.11% +0.11
FLS Flowserve Corp. Add +0.7% 1.45% +0.10
LRCX Lam Research Corp. New 0.09% +0.09
EXE Expand Energy Corp. Add +2.2% 1.01% +0.07
CF CF Industries Holdings Inc. Add +3.6% 0.34% +0.06
TDOC Teladoc Health Inc. Add +10.5% 0.26% +0.04
GOOGL Alphabet Inc. Class A Add +0.3% 0.26% +0.03
VUSB Vanguard Ultra Short Bond Et Add +16.1% 0.12% +0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Add +3.6% 0.09% +0.01
ABT Abbott Laboratories Add +0.8% 0.19% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +2.9% 0.11% +0.01
RIG Transocean Ltd. Add +9.0% 0.13% −0.02
MAC The Macerich Co. Add +0.2% 0.85% −0.05
MDT Medtronic PLC Add +0.5% 2.46% −0.07
UPS United Parcel Service Class B Add +5.0% 1.76% −0.07
PEP Pepsico Inc. Add +5.9% 1.20% −0.09
DVN Devon Energy Corp. Add +4.0% 1.39% −0.19
UNH Unitedhealth Group Inc. Add +21.8% 0.58% −0.22
SLB SLB Ltd. Add +4.5% 1.55% −0.29
COP Conocophillips Add +4.8% 2.52% −0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 135$287.1MTRV, INTC, BRK.B, AEM, COP
Q1 2026 134$279.0MAEM, TRV, COP, BRK.B, AGI
Q4 2025 125$260.4MTRV, BRK.B, AEM, COP, MDT
Q3 2025 126$254.9MAEM, TRV, BRK.B, MDT, COP
Q2 2025 120$236.3MTRV, BRK.B, AEM, CTVA, COP
Q1 2025 121$235.7MTRV, BRK.B, COP, AEM, MDT
Q4 2024 121$232.2MTRV, BRK.B, COP, PG, MDT
Q3 2024 119$240.5MBRK.B, TRV, COP, MDT, PG
Q2 2024 115$231.8MBRK.B, TRV, COP, MSFT, PG
Q1 2024 118$255.5MBRK.B, TRV, COP, INTC, MDT