Park State Asset Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Park State Asset Management reported 19 stock positions worth $145.8 million. Its top holding was Alphabet Class C (GOOG) at 13.1% of the portfolio, followed by Amazon.com (AMZN, 11.7%) and Apple (AAPL, 9.8%). Compared with Q2 2025, it sold out of 1 and reduced 18. The biggest sale was an exit from Unitedhealth (UNH).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY, MA
- CIK
- 0001908423
- Portfolio Value
- $145.8M (Q3 2025)
- SEC Filing
- 0001908423-25-000004 ↗ filed Nov 14, 2025
Holdings Value
Holdings 19 stocks · $145.8M
| GOOG Alphabet Inc. Class C | 13.13% | 78,623 | $19.1M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 11.67% | 77,534 | $17.0M | Reduce -2.3% |
| AAPL Apple Inc. | 9.83% | 56,267 | $14.3M | Reduce -2.5% |
| V Visa Inc. Class A | 8.96% | 38,283 | $13.1M | Reduce -2.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 7.79% | 78,615 | $11.4M | Reduce -2.4% |
| ADBE Adobe Inc. | 7.37% | 30,448 | $10.7M | Reduce -2.1% |
| RACE Ferrari NV | 6.24% | 18,756 | $9.1M | Reduce -2.3% |
| CPRT Copart Inc. | 5.49% | 177,859 | $8.0M | Reduce -2.1% |
| MCO Moody's Corp. | 4.71% | 14,402 | $6.9M | Reduce -29.1% |
| QLYS Qualys Inc. | 4.55% | 50,116 | $6.6M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 4.53% | 7,140 | $6.6M | Reduce -22.8% |
| TREX Trex Company Inc. | 3.76% | 106,113 | $5.5M | Reduce -2.4% |
| STLA Stellantis NV | 2.96% | 462,421 | $4.3M | Reduce -2.6% |
| DHR Danaher Corp. | 2.55% | 18,733 | $3.7M | Reduce -0.9% |
| ALGN Align Technology Inc. | 2.50% | 29,134 | $3.6M | Reduce -13.7% |
| MA Mastercard Inc. Class A | 1.62% | 4,144 | $2.4M | Reduce -0.2% |
| ADP Automatic Data Processing | 1.14% | 5,682 | $1.7M | Reduce -4.5% |
| GOOGL Alphabet Inc. Class A | 0.65% | 3,900 | $948K | No change |
| AMT American Tower Corp. | 0.56% | 4,216 | $811K | Reduce -12.0% |
Portfolio Sells Q2 2025 → Q3 2025
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −2.95 |
| MCO Moody's Corp. | Reduce -29.1% | 4.71% | −1.83 |
| ALGN Align Technology Inc. | Reduce -13.7% | 2.50% | −1.60 |
| COST Costco Wholesale Corp. | Reduce -22.8% | 4.53% | −1.34 |
| ADBE Adobe Inc. | Reduce -2.1% | 7.37% | −0.36 |
| CPRT Copart Inc. | Reduce -2.1% | 5.49% | −0.24 |
| QLYS Qualys Inc. | Reduce -2.0% | 4.55% | −0.14 |
| AMT American Tower Corp. | Reduce -12.0% | 0.56% | −0.12 |
| STLA Stellantis NV | Reduce -2.6% | 2.96% | −0.09 |
| ADP Automatic Data Processing | Reduce -4.5% | 1.14% | −0.03 |
| TREX Trex Company Inc. | Reduce -2.4% | 3.76% | −0.03 |
| V Visa Inc. Class A | Reduce -2.7% | 8.96% | −0.00 |
| MA Mastercard Inc. Class A | Reduce -0.2% | 1.62% | +0.12 |
| DHR Danaher Corp. | Reduce -0.9% | 2.55% | +0.15 |
| RACE Ferrari NV | Reduce -2.3% | 6.24% | +0.20 |
| AMZN Amazon.com Inc. | Reduce -2.3% | 11.67% | +0.51 |
| TJX TJX Companies Inc. | Reduce -2.4% | 7.79% | +1.41 |
| AAPL Apple Inc. | Reduce -2.5% | 9.83% | +2.23 |
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 13.13% | +3.92 |
Portfolio Buys Q2 2025 → Q3 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 |