Park State Asset Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Park State Asset Management reported 20 stock positions worth $149.1 million. Its top holding was Alphabet Class C (GOOG) at 15.8% of the portfolio, followed by Amazon.com (AMZN, 11.7%) and Apple (AAPL, 9.9%). Compared with Q3 2025, it opened 1 new position and reduced 17. The biggest buy was a new position in Domino's Pizza (DPZ) and the biggest sale Ferrari (RACE, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- BEVERLY, MA
- CIK
- 0001908423
- Portfolio Value
- $149.1M (Q4 2025)
- SEC Filing
- 0001908423-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 20 stocks · $149.1M
| GOOG Alphabet Inc. Class C | 15.77% | 74,943 | $23.5M | Reduce -4.7% |
| AMZN Amazon.com Inc. | 11.69% | 75,508 | $17.4M | Reduce -2.6% |
| AAPL Apple Inc. | 9.87% | 54,141 | $14.7M | Reduce -3.8% |
| V Visa Inc. Class A | 8.74% | 37,178 | $13.0M | Reduce -2.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 7.87% | 76,440 | $11.7M | Reduce -2.8% |
| ADBE Adobe Inc. | 6.17% | 26,303 | $9.2M | Reduce -13.6% |
| MCO Moody's Corp. | 4.82% | 14,077 | $7.2M | Reduce -2.3% |
| CPRT Copart Inc. | 4.57% | 174,109 | $6.8M | Reduce -2.1% |
| RACE Ferrari NV | 4.53% | 18,266 | $6.8M | Reduce -2.6% |
| QLYS Qualys Inc. | 4.36% | 48,911 | $6.5M | Reduce -2.4% |
| COST Costco Wholesale Corp. | 4.03% | 6,975 | $6.0M | Reduce -2.3% |
| STLA Stellantis NV | 2.97% | 407,321 | $4.4M | Reduce -11.9% |
| DPZ Domino's Pizza Inc. | 2.94% | 10,530 | $4.4M | New |
| ALGN Align Technology Inc. | 2.86% | 27,309 | $4.3M | Reduce -6.3% |
| DHR Danaher Corp. | 2.73% | 17,793 | $4.1M | Reduce -5.0% |
| TREX Trex Company Inc. | 2.28% | 96,898 | $3.4M | Reduce -8.7% |
| MA Mastercard Inc. Class A | 1.59% | 4,144 | $2.4M | No change |
| ADP Automatic Data Processing | 0.92% | 5,332 | $1.4M | Reduce -6.2% |
| GOOGL Alphabet Inc. Class A | 0.82% | 3,900 | $1.2M | No change |
| AMT American Tower Corp. | 0.46% | 3,876 | $681K | Reduce -8.1% |
Portfolio Sells Q3 2025 → Q4 2025
| RACE Ferrari NV | Reduce -2.6% | 4.53% | −1.71 |
| TREX Trex Company Inc. | Reduce -8.7% | 2.28% | −1.48 |
| ADBE Adobe Inc. | Reduce -13.6% | 6.17% | −1.19 |
| CPRT Copart Inc. | Reduce -2.1% | 4.57% | −0.91 |
| COST Costco Wholesale Corp. | Reduce -2.3% | 4.03% | −0.50 |
| ADP Automatic Data Processing | Reduce -6.2% | 0.92% | −0.22 |
| V Visa Inc. Class A | Reduce -2.9% | 8.74% | −0.22 |
| QLYS Qualys Inc. | Reduce -2.4% | 4.36% | −0.19 |
| AMT American Tower Corp. | Reduce -8.1% | 0.46% | −0.10 |
| STLA Stellantis NV | Reduce -11.9% | 2.97% | +0.01 |
| AMZN Amazon.com Inc. | Reduce -2.6% | 11.69% | +0.01 |
| AAPL Apple Inc. | Reduce -3.8% | 9.87% | +0.04 |
| TJX TJX Companies Inc. | Reduce -2.8% | 7.87% | +0.08 |
| MCO Moody's Corp. | Reduce -2.3% | 4.82% | +0.12 |
| DHR Danaher Corp. | Reduce -5.0% | 2.73% | +0.18 |
| ALGN Align Technology Inc. | Reduce -6.3% | 2.86% | +0.36 |
| GOOG Alphabet Inc. Class C | Reduce -4.7% | 15.77% | +2.64 |
Portfolio Buys Q3 2025 → Q4 2025
| DPZ Domino's Pizza Inc. | New | 2.94% | +2.94 |
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 |