Park State Asset Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Park State Asset Management reported 20 stock positions worth $155.9 million. Its top holding was Amazon.com (AMZN) at 11.2% of the portfolio, followed by Alphabet Class C (GOOG, 9.2%) and Visa Class A (V, 9.0%). Compared with Q1 2025, it sold out of 2 and reduced 20. The biggest sale was Unitedhealth (UNH, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY, MA
- CIK
- 0001908423
- Portfolio Value
- $155.9M (Q2 2025)
- SEC Filing
- 0001085146-25-004310 ↗ filed Jul 30, 2025
Holdings Value
Holdings 20 stocks · $155.9M
| AMZN Amazon.com Inc. | 11.17% | 79,344 | $17.4M | Reduce -5.5% |
| GOOG Alphabet Inc. Class C | 9.21% | 80,909 | $14.4M | Reduce -3.3% |
| V Visa Inc. Class A | 8.97% | 39,361 | $14.0M | Reduce -7.1% |
| ADBE Adobe Inc. | 7.72% | 31,115 | $12.0M | Reduce -0.0% |
| AAPL Apple Inc. | 7.60% | 57,726 | $11.8M | Reduce -5.9% |
| MCO Moody's Corp. | 6.53% | 20,306 | $10.2M | Reduce -6.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 6.38% | 80,548 | $9.9M | Reduce -6.9% |
| RACE Ferrari NV | 6.04% | 19,198 | $9.4M | Reduce -6.6% |
| COST Costco Wholesale Corp. | 5.87% | 9,248 | $9.2M | Reduce -10.8% |
| CPRT Copart Inc. | 5.72% | 181,711 | $8.9M | Reduce -6.2% |
| QLYS Qualys Inc. | 4.69% | 51,156 | $7.3M | Reduce -3.9% |
| ALGN Align Technology Inc. | 4.10% | 33,774 | $6.4M | Reduce -5.7% |
| TREX Trex Company Inc. | 3.79% | 108,701 | $5.9M | Reduce -5.4% |
| STLA Stellantis NV | 3.05% | 474,584 | $4.8M | Reduce -3.0% |
| UNH Unitedhealth Group Inc. | 2.95% | 14,737 | $4.6M | Reduce -5.3% |
| DHR Danaher Corp. | 2.40% | 18,896 | $3.7M | Reduce -7.6% |
| MA Mastercard Inc. Class A | 1.50% | 4,152 | $2.3M | Reduce -1.2% |
| ADP Automatic Data Processing | 1.18% | 5,949 | $1.8M | Reduce -14.8% |
| AMT American Tower Corp. | 0.68% | 4,791 | $1.1M | Reduce -16.7% |
| GOOGL Alphabet Inc. Class A | 0.44% | 3,900 | $687K | Reduce -27.8% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -5.3% | 2.95% | −2.04 |
| CPRT Copart Inc. | Reduce -6.2% | 5.72% | −0.98 |
| AAPL Apple Inc. | Reduce -5.9% | 7.60% | −0.74 |
| STLA Stellantis NV | Reduce -3.0% | 3.05% | −0.30 |
| TREX Trex Company Inc. | Reduce -5.4% | 3.79% | −0.29 |
| DHR Danaher Corp. | Reduce -7.6% | 2.40% | −0.17 |
| PGR Progressive Corp. | Sold out | 0.00% | −0.16 |
| NVR NVR Inc. | Sold out | 0.00% | −0.14 |
| ADP Automatic Data Processing | Reduce -14.8% | 1.18% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -10.8% | 5.87% | −0.12 |
| V Visa Inc. Class A | Reduce -7.1% | 8.97% | −0.11 |
| AMT American Tower Corp. | Reduce -16.7% | 0.68% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -27.8% | 0.44% | −0.07 |
| TJX TJX Companies Inc. | Reduce -6.9% | 6.38% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -1.2% | 1.50% | +0.09 |
| MCO Moody's Corp. | Reduce -6.1% | 6.53% | +0.38 |
| ADBE Adobe Inc. | Reduce -0.0% | 7.72% | +0.42 |
| QLYS Qualys Inc. | Reduce -3.9% | 4.69% | +0.59 |
| ALGN Align Technology Inc. | Reduce -5.7% | 4.10% | +0.62 |
| RACE Ferrari NV | Reduce -6.6% | 6.04% | +0.67 |
| GOOG Alphabet Inc. Class C | Reduce -3.3% | 9.21% | +1.22 |
| AMZN Amazon.com Inc. | Reduce -5.5% | 11.17% | +1.40 |
Portfolio Buys Q1 2025 → Q2 2025
| None this quarter. | |||
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 |