Murphy Pohlad Asset Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Murphy Pohlad Asset Management LLC reported 126 stock positions worth $254.9 million. Its top holding was Agnico Eagle Mines (AEM) at 3.6% of the portfolio, followed by Travelers Cos (TRV, 3.6%) and Berkshire Hathaway Class B (BRK.B, 3.4%). Compared with Q2 2025, it opened 10 new positions, sold out of 4, added to 22 and reduced 45. The biggest buy was a new position in Amrize (AMRZ) and the biggest sale CNH Industrial (CNH, shares −70%).

Most Recent 13F
Q2 2026
Location
EDEN PRAIRIE, MN
CIK
0001569148
Portfolio Value
$254.9M (Q3 2025)
SEC Filing
0001569148-25-000004 ↗ filed Nov 5, 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 Q2 2025 Q3 2025: $254.9M $254.9M Q3 2025 Q4 2025: $260.4M Q4 2025 Q1 2026: $279.0M Q1 2026 Q2 2026: $287.1M Q2 2026

Holdings 126 stocks · $254.9M
AEM Agnico Eagle Mines Ltd. 3.63% 54,889 $9.3M Reduce -1.1%
TRV The Travelers Cos Inc. 3.58% 32,685 $9.1M Reduce -0.0%
BRK.B Berkshire Hathaway Inc. Class B 3.35% 16,992 $8.5M Reduce -2.2%
MDT Medtronic PLC 2.51% 67,094 $6.4M Add +0.5%
COP Conocophillips 2.49% 67,159 $6.4M Add +1.1%
MSFT Microsoft Corp. 2.36% 11,600 $6.0M Reduce -0.8%
CCJ Cameco Corp. 2.26% 68,560 $5.7M Reduce -2.4%
AGI Alamos Gold Inc. Class A 2.17% 158,740 $5.5M Reduce -0.0%
CTVA Corteva Inc. 2.13% 80,317 $5.4M Reduce -1.2%
PG The Procter & Gamble Co. 2.01% 33,385 $5.1M No change
ALV Autoliv Inc. 2.00% 41,185 $5.1M Reduce -1.2%
INTC Intel Corp. 1.99% 151,479 $5.1M Reduce -0.1%
EMR Emerson Electric Co. 1.87% 36,240 $4.8M No change
UNP Union Pacific Corp. 1.81% 19,468 $4.6M Reduce -0.2%
GD General Dynamics Corp. 1.75% 13,112 $4.5M No change
CSCO Cisco Systems Inc. 1.70% 63,308 $4.3M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.69% 39,515 $4.3M Reduce -2.5%
WTW Willis Towers Watson PLC 1.63% 12,020 $4.2M No change
AAPL Apple Inc. 1.62% 16,214 $4.1M Reduce -2.1%
AIG American International Group 1.61% 52,152 $4.1M Reduce -0.2%
VFC VF Corp. 1.59% 280,439 $4.0M Reduce -3.7%
DVN Devon Energy Corp. 1.56% 113,242 $4.0M Add +9.9%
UPS United Parcel Service Class B 1.56% 47,502 $4.0M Add +15.5%
CVX Chevron Corp. 1.56% 25,529 $4.0M No change
GOOG Alphabet Inc. Class C 1.53% 15,989 $3.9M Reduce -3.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.52% 112,479 $3.9M Add +4.1%
C Citigroup Inc. 1.48% 37,069 $3.8M Reduce -4.2%
KIM Kimco Realty Corp. 1.42% 165,312 $3.6M Add +3.3%
FHI Federated Hermes Inc. 1.38% 67,596 $3.5M Reduce -0.1%
FLS Flowserve Corp. 1.36% 65,040 $3.5M Reduce -0.8%
NTR Nutrien Ltd. 1.32% 57,425 $3.4M Reduce -2.7%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 1.31% 37,905 $3.3M No change
APA Apa Corp. 1.28% 133,933 $3.3M Add +1.1%
KMB Kimberly-Clark Corp. 1.26% 25,834 $3.2M Add +1.1%
CMCSA Comcast Corp. Class A 1.24% 100,900 $3.2M Reduce -13.3%
NSC Norfolk Southern Corp. 1.24% 10,500 $3.2M Reduce -1.6%
CMI Cummins Inc. 1.23% 7,415 $3.1M Reduce -1.0%
PEP Pepsico Inc. 1.23% 22,298 $3.1M Add +4.1%
JNJ Johnson & Johnson 1.00% 13,794 $2.6M No change
TGT Target Corp. 0.99% 28,255 $2.5M Reduce -0.3%
PNC PNC Financial Services Group 0.97% 12,294 $2.5M Reduce -5.4%
AMRZ Amrize Ltd. 0.95% 49,965 $2.4M New
MAC The Macerich Co. 0.91% 127,560 $2.3M Add +3.0%
EXE Expand Energy Corp. 0.89% 21,351 $2.3M Add +5.1%
PFE Pfizer Inc. 0.82% 82,436 $2.1M Reduce -29.5%
ITW Illinois Tool Works 0.81% 7,935 $2.1M No change
LOW Lowe's Cos Inc. 0.77% 7,807 $2.0M No change
REGN Regeneron Pharmaceuticals 0.76% 3,433 $1.9M Add +117.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.73% 16,309 $1.9M No change
CAH Cardinal Health Inc. 0.72% 11,705 $1.8M No change
CLF Cleveland-Cliffs Inc. 0.71% 149,060 $1.8M Reduce -10.3%
UNH Unitedhealth Group Inc. 0.68% 5,025 $1.7M Add +13.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.64% 31,392 $1.6M Reduce -1.3%
CNX CNX Resources Corp. 0.63% 49,675 $1.6M Reduce -8.3%
CL Colgate-Palmolive Co. 0.60% 19,269 $1.5M No change
WMT Walmart Inc. 0.59% 14,687 $1.5M Reduce -6.4%
GIS General Mills Inc. 0.58% 29,482 $1.5M Reduce -1.0%
MRK Merck & Co. Inc. 0.56% 17,028 $1.4M Reduce -24.4%
NOK Nokia Corp.-Spon ADR 0.54% 284,744 $1.4M Reduce -53.2%
THO Thor Industries Inc. 0.50% 12,252 $1.3M No change
TMO Thermo Fisher Scientific Inc. 0.49% 2,567 $1.2M Add +1.0%
MDLZ Mondelez International Inc. Class A 0.49% 19,810 $1.2M No change
MOS The Mosaic Co. 0.45% 32,975 $1.1M Reduce -0.9%
WFC Wells Fargo & Co. 0.44% 13,463 $1.1M Reduce -2.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.40% 7,088 $1.0M No change
INGR Ingredion Inc. 0.40% 8,245 $1.0M No change
MRSH Marsh & McLennan Cos 0.37% 4,645 $936K No change
HD Home Depot Inc. 0.37% 2,298 $931K No change
KO The Coca-Cola Co. 0.36% 13,871 $920K No change
CBOE Cboe Global Markets Inc. 0.36% 3,715 $911K No change
CHRW C.H. Robinson Worldwide Inc. 0.35% 6,800 $900K No change
ABBV Abbvie Inc. 0.35% 3,849 $891K No change
JPM JPMorgan Chase & Co. 0.35% 2,800 $883K No change
NVDA Nvidia Corp. 0.34% 4,710 $879K Reduce -0.1%
MAA Mid-America Apartment Comm 0.34% 6,285 $878K No change
UL Unilever PLC 0.34% 14,750 $874K No change
DFAC Dimensional US Core Equity 2 0.34% 22,504 $868K No change
GOOGL Alphabet Inc. Class A 0.34% 3,523 $856K Reduce -0.3%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.32% 10,562 $809K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.31% 8,700 $780K No change
FISV Fiserv Inc. 0.31% 6,048 $780K New
VTV Vanguard Mrngstr Val ETF-Aui 0.30% 4,051 $755K Add +12.8%
BRK.A Berkshire Hathaway Inc. Class A 0.30% 1 $754K No change
OXY Occidental Petroleum Corp. 0.28% 15,100 $713K Reduce -3.8%
CNH CNH Industrial NV 0.27% 64,550 $700K Reduce -69.8%
COLM Columbia Sportswear Co. 0.24% 11,520 $602K New
VEU Vanguard Ftse All-World Ex-U 0.23% 8,116 $579K Add +10.6%
TT Trane Technologies PLC 0.22% 1,350 $570K No change
LAMR Lamar Advertising Co. Class A 0.22% 4,549 $557K New
LPTH Lightpath Technologies Inc. Class A 0.21% 69,100 $548K No change
XOM Exxon Mobil Corp. 0.20% 4,437 $500K Reduce -2.2%
VZ Verizon Communications Inc. 0.19% 11,229 $494K No change
WINA Winmark Corp. 0.18% 940 $468K No change
LMT Lockheed Martin Corp. 0.18% 919 $459K No change
WY Weyerhaeuser Co. 0.17% 17,990 $446K No change
CELC Celcuity Inc. 0.17% 9,000 $445K New
ABT Abbott Laboratories 0.17% 3,229 $432K Reduce -0.8%
TTC Toro Co. 0.16% 5,382 $410K No change
URI United Rentals Inc. 0.16% 420 $401K No change
TDOC Teladoc Health Inc. 0.15% 51,000 $394K Reduce -26.7%
DFAT Dimensional US Target Value 0.15% 6,693 $390K No change
RIG Transocean Ltd. 0.14% 113,400 $354K Reduce -2.2%
KOPN Kopin Corp. 0.13% 135,600 $330K Reduce -4.2%
VIG Vanguard Dividend Apprec ETF 0.13% 1,498 $323K Add +17.9%
AVGO Broadcom Inc. 0.13% 970 $320K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.12% 1,824 $318K Add +15.0%
ENB Enbridge Inc. 0.12% 6,306 $318K No change
AMAT Applied Materials Inc. 0.12% 1,525 $312K No change
COST Costco Wholesale Corp. 0.12% 326 $302K No change
DEO Diageo PLC-Sponsored ADR 0.12% 3,077 $294K Reduce -5.2%
LRCX Lam Research Corp. 0.11% 2,105 $282K No change
VUSB Vanguard Ultra Short Bond Et 0.11% 5,635 $282K No change
OSUR Orasure Technologies Inc. 0.11% 87,567 $281K Add +10.1%
SPG Simon Property Group Inc. 0.11% 1,466 $275K Reduce -4.6%
LKQ LKQ Corp. 0.11% 8,816 $269K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.10% 1,280 $267K Add +12.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 392 $261K No change
VIGI Vanguard Int Div App Indx FD 0.09% 2,658 $238K Add +6.2%
PSX Phillips 66 0.09% 1,650 $224K New
DFUV Dimensional US Marketwide Va 0.09% 4,920 $220K No change
NICE Nice Ltd. - Spon ADR 0.08% 1,455 $211K New
CI The Cigna Group 0.08% 724 $209K New
IAUX I-80 Gold Corp. 0.07% 198,800 $190K Add +6.4%
AMCR Amcor PLC 0.03% 10,000 $82K No change
ARQ Arq Inc. 0.03% 10,600 $76K No change
LEE Lee Enterprises 0.03% 12,200 $66K New

Portfolio Sells Q2 2025 → Q3 2025
CNH CNH Industrial NV Reduce -69.8% 0.27% −0.90
NOK Nokia Corp.-Spon ADR Reduce -53.2% 0.54% −0.80
CMCSA Comcast Corp. Class A Reduce -13.3% 1.24% −0.51
CTVA Corteva Inc. Reduce -1.2% 2.13% −0.43
PFE Pfizer Inc. Reduce -29.5% 0.82% −0.37
CNC Centene Corp. Sold out 0.00% −0.33
AIG American International Group Reduce -0.2% 1.61% −0.29
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.2% 3.35% −0.22
MRK Merck & Co. Inc. Reduce -24.4% 0.56% −0.19
TGT Target Corp. Reduce -0.3% 0.99% −0.19
BWA Borgwarner Inc. Sold out 0.00% −0.16
CNX CNX Resources Corp. Reduce -8.3% 0.63% −0.15
NTR Nutrien Ltd. Reduce -2.7% 1.32% −0.13
TRV The Travelers Cos Inc. Reduce -0.0% 3.58% −0.12
BAX Baxter International Inc. Sold out 0.00% −0.12
MSFT Microsoft Corp. Reduce -0.8% 2.36% −0.10
TDOC Teladoc Health Inc. Reduce -26.7% 0.15% −0.10
FLS Flowserve Corp. Reduce -0.8% 1.36% −0.10
UNP Union Pacific Corp. Reduce -0.2% 1.81% −0.09
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.08
GIS General Mills Inc. Reduce -1.0% 0.58% −0.07
MOS The Mosaic Co. Reduce -0.9% 0.45% −0.06
PNC PNC Financial Services Group Reduce -5.4% 0.97% −0.06
WMT Walmart Inc. Reduce -6.4% 0.59% −0.06
WFC Wells Fargo & Co. Reduce -2.9% 0.44% −0.03
DEO Diageo PLC-Sponsored ADR Reduce -5.2% 0.12% −0.02
ABT Abbott Laboratories Reduce -0.8% 0.17% −0.02
XOM Exxon Mobil Corp. Reduce -2.2% 0.20% −0.01
BAC Bank of America Corp. Reduce -1.3% 0.64% −0.00
OXY Occidental Petroleum Corp. Reduce -3.8% 0.28% +0.00
SPG Simon Property Group Inc. Reduce -4.6% 0.11% +0.00
RIG Transocean Ltd. Reduce -2.2% 0.14% +0.01
ALV Autoliv Inc. Reduce -1.2% 2.00% +0.02
NVDA Nvidia Corp. Reduce -0.1% 0.34% +0.03
KOPN Kopin Corp. Reduce -4.2% 0.13% +0.04
CCJ Cameco Corp. Reduce -2.4% 2.26% +0.05
GOOGL Alphabet Inc. Class A Reduce -0.3% 0.34% +0.07
NSC Norfolk Southern Corp. Reduce -1.6% 1.24% +0.08
C Citigroup Inc. Reduce -4.2% 1.48% +0.08
FHI Federated Hermes Inc. Reduce -0.1% 1.38% +0.11
BNY Bank of New York Mellon Corp. Reduce -2.5% 1.69% +0.13
VFC VF Corp. Reduce -3.7% 1.59% +0.14
CLF Cleveland-Cliffs Inc. Reduce -10.3% 0.71% +0.18
AAPL Apple Inc. Reduce -2.1% 1.62% +0.18
CMI Cummins Inc. Reduce -1.0% 1.23% +0.19
GOOG Alphabet Inc. Class C Reduce -3.9% 1.53% +0.28
AGI Alamos Gold Inc. Class A Reduce -0.0% 2.17% +0.39
INTC Intel Corp. Reduce -0.1% 1.99% +0.56
AEM Agnico Eagle Mines Ltd. Reduce -1.1% 3.63% +0.84

Portfolio Buys Q2 2025 → Q3 2025
AMRZ Amrize Ltd. New 0.95% +0.95
REGN Regeneron Pharmaceuticals Add +117.3% 0.76% +0.41
FISV Fiserv Inc. New 0.31% +0.31
APA Apa Corp. Add +1.1% 1.28% +0.25
COLM Columbia Sportswear Co. New 0.24% +0.24
LAMR Lamar Advertising Co. Class A New 0.22% +0.22
CELC Celcuity Inc. New 0.17% +0.17
DVN Devon Energy Corp. Add +9.9% 1.56% +0.17
LKQ LKQ Corp. New 0.11% +0.11
UNH Unitedhealth Group Inc. Add +13.6% 0.68% +0.10
PSX Phillips 66 New 0.09% +0.09
NICE Nice Ltd. - Spon ADR New 0.08% +0.08
CI The Cigna Group New 0.08% +0.08
MAC The Macerich Co. Add +3.0% 0.91% +0.06
TMO Thermo Fisher Scientific Inc. Add +1.0% 0.49% +0.05
MDT Medtronic PLC Add +0.5% 2.51% +0.05
PEP Pepsico Inc. Add +4.1% 1.23% +0.03
VTV Vanguard Mrngstr Val ETF-Aui Add +12.8% 0.30% +0.03
IAUX I-80 Gold Corp. Add +6.4% 0.07% +0.03
LEE Lee Enterprises New 0.03% +0.03
VEU Vanguard Ftse All-World Ex-U Add +10.6% 0.23% +0.02
VIG Vanguard Dividend Apprec ETF Add +17.9% 0.13% +0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Add +15.0% 0.12% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +12.2% 0.10% +0.01
OSUR Orasure Technologies Inc. Add +10.1% 0.11% +0.01
VIGI Vanguard Int Div App Indx FD Add +6.2% 0.09% −0.00
KIM Kimco Realty Corp. Add +3.3% 1.42% −0.01
COP Conocophillips Add +1.1% 2.49% −0.03
SLB SLB Ltd. Add +4.1% 1.52% −0.03
EXE Expand Energy Corp. Add +5.1% 0.89% −0.12
KMB Kimberly-Clark Corp. Add +1.1% 1.26% −0.13
UPS United Parcel Service Class B Add +15.5% 1.56% −0.20

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