Murphy Pohlad Asset Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Murphy Pohlad Asset Management LLC reported 125 stock positions worth $260.4 million. Its top holding was Travelers Cos (TRV) at 3.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 3.3%) and Agnico Eagle Mines (AEM, 3.2%). Compared with Q3 2025, it opened 4 new positions, sold out of 5, added to 29 and reduced 45. The biggest buy was Fiserv (FISV, shares +310%) and the biggest sale an exit from Nokia Corp.-Spon ADR (NOK).

Most Recent 13F
Q2 2026
Location
EDEN PRAIRIE, MN
CIK
0001569148
Portfolio Value
$260.4M (Q4 2025)
SEC Filing
0001569148-26-000003 ↗ filed Feb 9, 2026

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 Q3 2025 Q4 2025: $260.4M $260.4M Q4 2025 Q1 2026: $279.0M Q1 2026 Q2 2026: $287.1M Q2 2026

Holdings 125 stocks · $260.4M
TRV The Travelers Cos Inc. 3.63% 32,595 $9.5M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 3.28% 16,992 $8.5M No change
AEM Agnico Eagle Mines Ltd. 3.23% 49,679 $8.4M Reduce -9.5%
COP Conocophillips 2.47% 68,594 $6.4M Add +2.1%
MDT Medtronic PLC 2.47% 66,844 $6.4M Reduce -0.4%
CCJ Cameco Corp. 2.29% 65,195 $6.0M Reduce -4.9%
AGI Alamos Gold Inc. Class A 2.23% 150,440 $5.8M Reduce -5.2%
MSFT Microsoft Corp. 2.08% 11,184 $5.4M Reduce -3.6%
INTC Intel Corp. 2.03% 143,109 $5.3M Reduce -5.5%
VFC VF Corp. 1.94% 279,145 $5.0M Reduce -0.5%
CTVA Corteva Inc. 1.93% 74,917 $5.0M Reduce -6.7%
ALV Autoliv Inc. 1.87% 41,085 $4.9M Reduce -0.2%
CSCO Cisco Systems Inc. 1.87% 63,308 $4.9M No change
UNP Union Pacific Corp. 1.86% 20,888 $4.8M Add +7.3%
GOOG Alphabet Inc. Class C 1.85% 15,389 $4.8M Reduce -3.8%
SLB SLB Ltd. filed as SLB LIMITED 1.84% 124,799 $4.8M Add +10.9%
PG The Procter & Gamble Co. 1.84% 33,385 $4.8M No change
EMR Emerson Electric Co. 1.84% 36,040 $4.8M Reduce -0.6%
UPS United Parcel Service Class B 1.80% 47,325 $4.7M Reduce -0.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.73% 38,915 $4.5M Reduce -1.5%
AIG American International Group 1.71% 52,152 $4.5M No change
GD General Dynamics Corp. 1.69% 13,112 $4.4M No change
FLS Flowserve Corp. 1.69% 63,578 $4.4M Reduce -2.3%
C Citigroup Inc. 1.64% 36,644 $4.3M Reduce -1.1%
AAPL Apple Inc. 1.62% 15,554 $4.2M Reduce -4.1%
DVN Devon Energy Corp. 1.60% 113,537 $4.2M Add +0.3%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 1.52% 37,905 $4.0M No change
CVX Chevron Corp. 1.51% 25,794 $3.9M Add +1.0%
CMI Cummins Inc. 1.45% 7,391 $3.8M Reduce -0.3%
NTR Nutrien Ltd. 1.41% 59,375 $3.7M Add +3.4%
WTW Willis Towers Watson PLC 1.37% 10,870 $3.6M Reduce -9.6%
KIM Kimco Realty Corp. 1.37% 175,397 $3.6M Add +6.1%
FHI Federated Hermes Inc. 1.35% 67,596 $3.5M No change
APA Apa Corp. 1.28% 136,633 $3.3M Add +2.0%
PEP Pepsico Inc. 1.26% 22,868 $3.3M Add +2.6%
AMRZ Amrize Ltd. 1.18% 56,840 $3.1M Add +13.8%
NSC Norfolk Southern Corp. 1.16% 10,500 $3.0M No change
JNJ Johnson & Johnson 1.10% 13,794 $2.9M No change
REGN Regeneron Pharmaceuticals 1.04% 3,508 $2.7M Add +2.2%
TGT Target Corp. 0.99% 26,455 $2.6M Reduce -6.4%
EXE Expand Energy Corp. 0.99% 23,321 $2.6M Add +9.2%
PNC PNC Financial Services Group 0.97% 12,094 $2.5M Reduce -1.6%
MAC The Macerich Co. 0.92% 130,360 $2.4M Add +2.2%
CAH Cardinal Health Inc. 0.92% 11,705 $2.4M No change
CMCSA Comcast Corp. Class A 0.90% 84,090 $2.4M Reduce -16.7%
KMB Kimberly-Clark Corp. 0.83% 21,312 $2.2M Reduce -17.5%
CLF Cleveland-Cliffs Inc. 0.75% 147,180 $2.0M Reduce -1.3%
ITW Illinois Tool Works 0.75% 7,935 $2.0M No change
LOW Lowe's Cos Inc. 0.72% 7,807 $1.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.71% 16,309 $1.9M No change
UNH Unitedhealth Group Inc. 0.70% 5,515 $1.8M Add +9.8%
CNX CNX Resources Corp. 0.69% 48,675 $1.8M Reduce -2.0%
MRK Merck & Co. Inc. 0.68% 16,828 $1.8M Reduce -1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.64% 30,295 $1.7M Reduce -3.5%
FISV Fiserv Inc. 0.64% 24,803 $1.7M Add +310.1%
WMT Walmart Inc. 0.63% 14,687 $1.6M No change
PFE Pfizer Inc. 0.60% 62,795 $1.6M Reduce -23.8%
CL Colgate-Palmolive Co. 0.58% 19,269 $1.5M No change
TMO Thermo Fisher Scientific Inc. 0.57% 2,567 $1.5M No change
WFC Wells Fargo & Co. 0.47% 13,208 $1.2M Reduce -1.9%
MDLZ Mondelez International Inc. Class A 0.47% 22,720 $1.2M Add +14.7%
GIS General Mills Inc. 0.46% 25,587 $1.2M Reduce -13.2%
THO Thor Industries Inc. 0.44% 11,052 $1.1M Reduce -9.8%
GOOGL Alphabet Inc. Class A 0.42% 3,523 $1.1M No change
CHRW C.H. Robinson Worldwide Inc. 0.42% 6,800 $1.1M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.41% 6,988 $1.1M Reduce -1.4%
KO The Coca-Cola Co. 0.37% 13,871 $970K No change
INGR Ingredion Inc. 0.35% 8,340 $920K Add +1.1%
DFAC Dimensional US Core Equity 2 0.34% 22,504 $891K No change
ABBV Abbvie Inc. 0.34% 3,849 $879K No change
NVDA Nvidia Corp. 0.34% 4,710 $878K No change
MAA Mid-America Apartment Comm 0.34% 6,285 $873K No change
MRSH Marsh & McLennan Cos 0.33% 4,645 $862K No change
JPM JPMorgan Chase & Co. 0.32% 2,565 $826K Reduce -8.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.31% 4,197 $802K Add +3.6%
HD Home Depot Inc. 0.30% 2,298 $791K No change
VEU Vanguard Ftse All-World Ex-U 0.29% 10,303 $758K Add +26.9%
BRK.A Berkshire Hathaway Inc. Class A 0.29% 1 $755K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.28% 10,462 $734K Reduce -0.9%
MOS The Mosaic Co. 0.26% 28,575 $688K Reduce -13.3%
NICE Nice Ltd. - Spon ADR 0.26% 6,030 $682K Add +314.4%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.26% 8,800 $681K Add +1.1%
CELC Celcuity Inc. 0.25% 6,600 $658K Reduce -26.7%
COLM Columbia Sportswear Co. 0.24% 11,160 $615K Reduce -3.1%
LPTH Lightpath Technologies Inc. Class A 0.24% 56,800 $613K Reduce -17.8%
BAX Baxter International Inc. 0.23% 31,106 $594K New
LAMR Lamar Advertising Co. Class A 0.22% 4,549 $576K No change
XOM Exxon Mobil Corp. 0.20% 4,437 $534K No change
TT Trane Technologies PLC 0.20% 1,319 $513K Reduce -2.3%
LMT Lockheed Martin Corp. 0.19% 1,031 $499K Add +12.2%
VZ Verizon Communications Inc. 0.17% 10,735 $437K Reduce -4.4%
WY Weyerhaeuser Co. 0.16% 17,990 $426K No change
TTC Toro Co. 0.16% 5,382 $424K No change
ABT Abbott Laboratories 0.16% 3,229 $405K No change
DFAT Dimensional US Target Value 0.15% 6,693 $399K No change
WINA Winmark Corp. 0.15% 940 $381K No change
LRCX Lam Research Corp. 0.14% 2,105 $360K No change
AMAT Applied Materials Inc. 0.14% 1,380 $355K Reduce -9.5%
OXY Occidental Petroleum Corp. 0.14% 8,600 $354K Reduce -43.0%
VIG Vanguard Dividend Apprec ETF 0.13% 1,598 $351K Add +6.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.13% 1,948 $346K Add +6.8%
URI United Rentals Inc. 0.13% 420 $340K No change
AVGO Broadcom Inc. 0.13% 970 $336K No change
RIG Transocean Ltd. 0.13% 80,800 $334K Reduce -28.8%
RGLD Royal Gold Inc. 0.12% 1,450 $322K New
KOPN Kopin Corp. 0.12% 135,600 $317K No change
ENB Enbridge Inc. 0.12% 6,306 $302K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.11% 1,383 $293K Add +8.1%
IAUX I-80 Gold Corp. 0.11% 198,800 $290K No change
VUSB Vanguard Ultra Short Bond Et 0.11% 5,780 $288K Add +2.6%
COST Costco Wholesale Corp. 0.11% 326 $281K No change
OSUR Orasure Technologies Inc. 0.11% 114,867 $278K Add +31.2%
SPG Simon Property Group Inc. 0.10% 1,466 $271K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 392 $267K No change
LKQ LKQ Corp. 0.10% 8,816 $266K No change
DEO Diageo PLC-Sponsored ADR 0.10% 2,952 $255K Reduce -4.1%
CI The Cigna Group 0.10% 899 $247K Add +24.2%
VIGI Vanguard Int Div App Indx FD 0.09% 2,658 $243K No change
DFUV Dimensional US Marketwide Va 0.09% 4,920 $229K No change
CNH CNH Industrial NV 0.08% 23,900 $220K Reduce -63.0%
PSX Phillips 66 0.08% 1,650 $213K No change
SKE Skeena Resources Ltd. 0.08% 8,700 $206K New
AMCR Amcor PLC 0.03% 10,000 $83K No change
AHRT Ah Realty Trust Inc. filed as ARMADA HOFFLER PPTYS INC 0.03% 11,040 $73K New
ARQ Arq Inc. 0.01% 11,600 $38K Add +9.4%

Portfolio Sells Q3 2025 → Q4 2025
NOK Nokia Corp.-Spon ADR Sold out 0.00% −0.54
KMB Kimberly-Clark Corp. Reduce -17.5% 0.83% −0.43
AEM Agnico Eagle Mines Ltd. Reduce -9.5% 3.23% −0.40
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.36
UL Unilever PLC Sold out 0.00% −0.34
CMCSA Comcast Corp. Class A Reduce -16.7% 0.90% −0.34
MSFT Microsoft Corp. Reduce -3.6% 2.08% −0.28
WTW Willis Towers Watson PLC Reduce -9.6% 1.37% −0.26
PFE Pfizer Inc. Reduce -23.8% 0.60% −0.22
CTVA Corteva Inc. Reduce -6.7% 1.93% −0.20
CNH CNH Industrial NV Reduce -63.0% 0.08% −0.19
MOS The Mosaic Co. Reduce -13.3% 0.26% −0.18
TDOC Teladoc Health Inc. Sold out 0.00% −0.15
OXY Occidental Petroleum Corp. Reduce -43.0% 0.14% −0.14
GIS General Mills Inc. Reduce -13.2% 0.46% −0.13
ALV Autoliv Inc. Reduce -0.2% 1.87% −0.12
THO Thor Industries Inc. Reduce -9.8% 0.44% −0.06
MDT Medtronic PLC Reduce -0.4% 2.47% −0.04
WRB WR Berkley Corp. Reduce -0.9% 0.28% −0.04
JPM JPMorgan Chase & Co. Reduce -8.4% 0.32% −0.03
EMR Emerson Electric Co. Reduce -0.6% 1.84% −0.03
TT Trane Technologies PLC Reduce -2.3% 0.20% −0.03
LEE Lee Enterprises Sold out 0.00% −0.03
VZ Verizon Communications Inc. Reduce -4.4% 0.17% −0.03
DEO Diageo PLC-Sponsored ADR Reduce -4.1% 0.10% −0.02
RIG Transocean Ltd. Reduce -28.8% 0.13% −0.01
TGT Target Corp. Reduce -6.4% 0.99% −0.00
COLM Columbia Sportswear Co. Reduce -3.1% 0.24% −0.00
PNC PNC Financial Services Group Reduce -1.6% 0.97% +0.00
AAPL Apple Inc. Reduce -4.1% 1.62% +0.00
BAC Bank of America Corp. Reduce -3.5% 0.64% +0.00
TJX TJX Companies Inc. Reduce -1.4% 0.41% +0.01
AMAT Applied Materials Inc. Reduce -9.5% 0.14% +0.01
LPTH Lightpath Technologies Inc. Class A Reduce -17.8% 0.24% +0.02
WFC Wells Fargo & Co. Reduce -1.9% 0.47% +0.03
INTC Intel Corp. Reduce -5.5% 2.03% +0.03
CCJ Cameco Corp. Reduce -4.9% 2.29% +0.03
CLF Cleveland-Cliffs Inc. Reduce -1.3% 0.75% +0.04
BNY Bank of New York Mellon Corp. Reduce -1.5% 1.73% +0.05
TRV The Travelers Cos Inc. Reduce -0.3% 3.63% +0.05
AGI Alamos Gold Inc. Class A Reduce -5.2% 2.23% +0.06
CNX CNX Resources Corp. Reduce -2.0% 0.69% +0.06
CELC Celcuity Inc. Reduce -26.7% 0.25% +0.08
MRK Merck & Co. Inc. Reduce -1.2% 0.68% +0.12
C Citigroup Inc. Reduce -1.1% 1.64% +0.17
CMI Cummins Inc. Reduce -0.3% 1.45% +0.22
UPS United Parcel Service Class B Reduce -0.4% 1.80% +0.25
GOOG Alphabet Inc. Class C Reduce -3.8% 1.85% +0.33
FLS Flowserve Corp. Reduce -2.3% 1.69% +0.34
VFC VF Corp. Reduce -0.5% 1.94% +0.35

Portfolio Buys Q3 2025 → Q4 2025
FISV Fiserv Inc. Add +310.1% 0.64% +0.33
SLB SLB Ltd. Add +10.9% 1.84% +0.32
REGN Regeneron Pharmaceuticals Add +2.2% 1.04% +0.28
AMRZ Amrize Ltd. Add +13.8% 1.18% +0.23
BAX Baxter International Inc. New 0.23% +0.23
NICE Nice Ltd. - Spon ADR Add +314.4% 0.26% +0.18
RGLD Royal Gold Inc. New 0.12% +0.12
EXE Expand Energy Corp. Add +9.2% 0.99% +0.10
NTR Nutrien Ltd. Add +3.4% 1.41% +0.08
SKE Skeena Resources Ltd. New 0.08% +0.08
VEU Vanguard Ftse All-World Ex-U Add +26.9% 0.29% +0.06
UNP Union Pacific Corp. Add +7.3% 1.86% +0.05
DVN Devon Energy Corp. Add +0.3% 1.60% +0.04
PEP Pepsico Inc. Add +2.6% 1.26% +0.03
AHRT Ah Realty Trust Inc. New 0.03% +0.03
UNH Unitedhealth Group Inc. Add +9.8% 0.70% +0.02
CI The Cigna Group Add +24.2% 0.10% +0.01
MAC The Macerich Co. Add +2.2% 0.92% +0.01
LMT Lockheed Martin Corp. Add +12.2% 0.19% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +3.6% 0.31% +0.01
VIG Vanguard Dividend Apprec ETF Add +6.7% 0.13% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +6.8% 0.13% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +8.1% 0.11% +0.01
APA Apa Corp. Add +2.0% 1.28% +0.01
VUSB Vanguard Ultra Short Bond Et Add +2.6% 0.11% +0.00
OSUR Orasure Technologies Inc. Add +31.2% 0.11% −0.00
ARQ Arq Inc. Add +9.4% 0.01% −0.02
MDLZ Mondelez International Inc. Class A Add +14.7% 0.47% −0.02
COP Conocophillips Add +2.1% 2.47% −0.03
INGR Ingredion Inc. Add +1.1% 0.35% −0.04
CF CF Industries Holdings Inc. Add +1.1% 0.26% −0.04
CVX Chevron Corp. Add +1.0% 1.51% −0.05
KIM Kimco Realty Corp. Add +6.1% 1.37% −0.05

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