Park State Asset Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Park State Asset Management reported 22 stock positions worth $163.5 million. Its top holding was Amazon.com (AMZN) at 9.8% of the portfolio, followed by Visa Class A (V, 9.1%) and Apple (AAPL, 8.3%). Compared with Q4 2024, it opened 1 new position, added to 2 and reduced 16. The biggest buy was a new position in Qualys (QLYS) and the biggest sale American Tower (AMT, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY, MA
- CIK
- 0001908423
- Portfolio Value
- $163.5M (Q1 2025)
- SEC Filing
- 0001085146-25-002928 ↗ filed May 12, 2025
Holdings Value
Holdings 22 stocks · $163.5M
| AMZN Amazon.com Inc. | 9.77% | 83,977 | $16.0M | Reduce -2.9% |
| V Visa Inc. Class A | 9.08% | 42,370 | $14.8M | Reduce -3.4% |
| AAPL Apple Inc. | 8.33% | 61,360 | $13.6M | Reduce -13.0% |
| GOOG Alphabet Inc. Class C | 7.99% | 83,657 | $13.1M | Reduce -2.7% |
| ADBE Adobe Inc. | 7.30% | 31,122 | $11.9M | Add +17.6% |
| CPRT Copart Inc. | 6.70% | 193,642 | $11.0M | Reduce -2.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 6.45% | 86,553 | $10.5M | Reduce -2.9% |
| MCO Moody's Corp. | 6.16% | 21,619 | $10.1M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 6.00% | 10,373 | $9.8M | Reduce -13.9% |
| RACE Ferrari NV | 5.38% | 20,556 | $8.8M | Reduce -3.1% |
| UNH Unitedhealth Group Inc. | 4.99% | 15,567 | $8.2M | Reduce -3.1% |
| QLYS Qualys Inc. | 4.10% | 53,245 | $6.7M | New |
| TREX Trex Company Inc. | 4.08% | 114,877 | $6.7M | Reduce -2.9% |
| ALGN Align Technology Inc. | 3.48% | 35,809 | $5.7M | Add +38.8% |
| STLA Stellantis NV | 3.35% | 489,451 | $5.5M | Reduce -2.7% |
| DHR Danaher Corp. | 2.56% | 20,449 | $4.2M | Reduce -20.7% |
| MA Mastercard Inc. Class A | 1.41% | 4,202 | $2.3M | Reduce -4.0% |
| ADP Automatic Data Processing | 1.30% | 6,979 | $2.1M | Reduce -2.6% |
| AMT American Tower Corp. | 0.77% | 5,751 | $1.3M | Reduce -83.6% |
| GOOGL Alphabet Inc. Class A | 0.51% | 5,400 | $835K | No change |
| PGR Progressive Corp. | 0.16% | 901 | $255K | No change |
| NVR NVR Inc. | 0.14% | 31 | $224K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AMT American Tower Corp. | Reduce -83.6% | 0.77% | −2.85 |
| AAPL Apple Inc. | Reduce -13.0% | 8.33% | −1.60 |
| GOOG Alphabet Inc. Class C | Reduce -2.7% | 7.99% | −1.22 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 9.77% | −0.90 |
| DHR Danaher Corp. | Reduce -20.7% | 2.56% | −0.77 |
| TREX Trex Company Inc. | Reduce -2.9% | 4.08% | −0.51 |
| STLA Stellantis NV | Reduce -2.7% | 3.35% | −0.34 |
| COST Costco Wholesale Corp. | Reduce -13.9% | 6.00% | −0.21 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 1.41% | +0.11 |
| ADP Automatic Data Processing | Reduce -2.6% | 1.30% | +0.12 |
| MCO Moody's Corp. | Reduce -2.5% | 6.16% | +0.26 |
| CPRT Copart Inc. | Reduce -2.7% | 6.70% | +0.28 |
| RACE Ferrari NV | Reduce -3.1% | 5.38% | +0.31 |
| TJX TJX Companies Inc. | Reduce -2.9% | 6.45% | +0.39 |
| UNH Unitedhealth Group Inc. | Reduce -3.1% | 4.99% | +0.42 |
| V Visa Inc. Class A | Reduce -3.4% | 9.08% | +1.29 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $102.4M | GOOG, AMZN, AAPL, V, TJX |
| Q1 2026 | 20 | $132.1M | GOOG, AMZN, AAPL, TJX, V |
| Q4 2025 | 20 | $149.1M | GOOG, AMZN, AAPL, V, TJX |
| Q3 2025 | 19 | $145.8M | GOOG, AMZN, AAPL, V, TJX |
| Q2 2025 | 20 | $155.9M | AMZN, GOOG, V, ADBE, AAPL |
| Q1 2025 | 22 | $163.5M | AMZN, V, AAPL, GOOG, ADBE |
| Q4 2024 | 21 | $177.9M | AMZN, AAPL, GOOG, V, ADBE |
| Q3 2024 | 19 | $170.3M | AAPL, AMZN, GOOG, ADBE, V |
| Q2 2024 | 19 | $168.3M | AMZN, GOOG, AAPL, ADBE, V |
| Q1 2024 | 19 | $168.0M | AMZN, STLA, GOOG, ADBE, AAPL |