Parthenon LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), Parthenon LLC reported 121 stock positions worth $788.8 million. Its top holding was Microsoft (MSFT) at 13.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 8.2%) and Meta Platforms Class A (META, 4.8%). Compared with Q4 2023, it opened 9 new positions, sold out of 5, added to 36 and reduced 43. The biggest buy was Walt Disney (DIS, shares +2%) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0001088859
Portfolio Value
$788.8M (Q1 2024)
SEC Filing
0001085146-24-002147 ↗ filed Apr 30, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $788.8M $788.8M Q1 2024 Q2 2024: $787.2M Q2 2024 Q3 2024: $837.4M Q3 2024 Q4 2024: $826.7M Q4 2024 Q1 2025: $813.1M Q1 2025 Q2 2025: $874.1M Q2 2025 Q3 2025: $902.5M Q3 2025 Q4 2025: $926.7M Q4 2025 Q1 2026: $874.7M Q1 2026 Q2 2026: $962.0M Q2 2026

Holdings 121 stocks · $788.8M
MSFT Microsoft Corp. 13.81% 258,828 $108.9M Reduce -1.5%
BRK.B Berkshire Hathaway Inc. Class B 8.18% 153,420 $64.5M Reduce -0.2%
META Meta Platforms Inc. Class A 4.84% 78,635 $38.2M Reduce -0.6%
PAYX Paychex Inc. 4.09% 262,522 $32.2M Add +0.2%
GOOGL Alphabet Inc. Class A 3.26% 170,260 $25.7M Add +0.1%
PG The Procter & Gamble Co. 3.08% 149,723 $24.3M Add +0.4%
XOM Exxon Mobil Corp. 2.77% 187,913 $21.8M Add +0.4%
AAPL Apple Inc. 2.76% 126,797 $21.7M Reduce -0.8%
GOOG Alphabet Inc. Class C 2.75% 142,265 $21.7M Reduce -0.2%
FAST Fastenal Co. 2.71% 277,102 $21.4M Add +0.4%
MRK Merck & Co. Inc. 2.66% 158,845 $21.0M Reduce -0.0%
JNJ Johnson & Johnson 2.55% 127,154 $20.1M Add +1.3%
DOV Dover Corp. 2.48% 110,192 $19.5M Add +0.1%
PEP Pepsico Inc. 2.25% 101,407 $17.7M Add +0.6%
AXP American Express Co. 2.01% 69,554 $15.8M Reduce -0.2%
WMT Walmart Inc. 1.84% 240,930 $14.5M Add +0.4%
SYK Stryker Corp. 1.80% 39,673 $14.2M Add +0.0%
LSTR Landstar System Inc. 1.66% 68,049 $13.1M Add +0.2%
BKNG Booking Holdings Inc. 1.65% 3,589 $13.0M Add +0.3%
CVS CVS Health Corp. 1.56% 154,233 $12.3M Reduce -4.0%
MDLZ Mondelez International Inc. Class A 1.56% 175,328 $12.3M Reduce -0.1%
WAT Waters Corp. 1.43% 32,846 $11.3M Reduce -1.5%
CSCO Cisco Systems Inc. 1.37% 216,174 $10.8M Add +0.4%
SCHW Schwab (charles) Corp. 1.30% 141,560 $10.2M Add +1.2%
HD Home Depot Inc. 1.19% 24,436 $9.4M Add +3.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.16% 74,797 $9.2M Add +1.5%
JPM JPMorgan Chase & Co. 1.15% 45,199 $9.1M Add +1.0%
CHDN Churchill Downs Inc. 1.13% 72,062 $8.9M No change
GLW Corning Inc. 1.11% 265,407 $8.7M Reduce -3.4%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 1.09% 223,485 $8.6M Add +1.8%
MDT Medtronic PLC 1.03% 93,248 $8.1M Add +0.4%
VOO Vanguard S&P 500 ETF 0.78% 12,718 $6.1M Add +0.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.73% 45,577 $5.7M Reduce -1.0%
IJR iShares Core S&P Small-Cap E 0.70% 49,993 $5.5M Add +13.9%
BF.B Brown-Forman Corp. Class B 0.68% 104,452 $5.4M Reduce -0.1%
PNC PNC Financial Services Group 0.68% 33,075 $5.3M No change
VWO Vanguard Ftse Emerging Marke 0.61% 114,844 $4.8M Add +4.9%
BRK.A Berkshire Hathaway Inc. Class A 0.56% 7 $4.4M No change
LLY Eli Lilly & Co. 0.56% 5,667 $4.4M Reduce -1.7%
ABBV Abbvie Inc. 0.55% 23,688 $4.3M Add +1.1%
KO The Coca-Cola Co. 0.54% 69,139 $4.2M Reduce -3.5%
GE General Electric 0.53% 23,638 $4.1M Reduce -1.0%
VEA Vanguard Ftse Developed ETF 0.51% 80,456 $4.0M Add +15.5%
MCD McDonald's Corp. 0.51% 14,313 $4.0M Add +0.7%
ABT Abbott Laboratories 0.46% 31,651 $3.6M Add +0.8%
SMG Scotts Miracle-Gro Co. 0.43% 45,032 $3.4M Reduce -6.3%
BATRK Atlanta Braves Holdings in-C 0.39% 79,754 $3.1M No change
KVUE Kenvue Inc. 0.39% 141,556 $3.0M Reduce -5.2%
PFE Pfizer Inc. 0.37% 105,365 $2.9M Add +0.8%
PM Philip Morris International 0.36% 31,121 $2.9M Reduce -5.8%
TFX Teleflex Inc. 0.34% 11,983 $2.7M No change
NVDA Nvidia Corp. 0.33% 2,845 $2.6M Reduce -14.9%
VPL Vanguard Ftse Pacific ETF 0.32% 33,554 $2.6M No change
CL Colgate-Palmolive Co. 0.31% 27,486 $2.5M No change
MO Altria Group Inc. 0.27% 49,295 $2.2M Reduce -7.5%
CVX Chevron Corp. 0.25% 12,405 $2.0M Reduce -3.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 9,842 $1.9M Reduce -28.9%
ZTS Zoetis Inc. 0.21% 9,800 $1.7M Reduce -3.0%
VGK Vanguard Ftse Europe ETF 0.20% 23,400 $1.6M No change
IVV iShares Core S&P 500 ETF 0.20% 2,974 $1.6M Reduce -4.0%
USB US Bancorp 0.20% 34,708 $1.6M Reduce -0.4%
AGX Argan Inc. 0.20% 30,657 $1.5M No change
TPB Turning Point Brands Inc. 0.19% 51,770 $1.5M No change
CLAR Clarus Corp. 0.17% 200,164 $1.4M Add +8.1%
WBA Walgreens Boots Alliance Inc. 0.16% 57,785 $1.3M Reduce -1.7%
VTI VG Morningstar TS MKT ETF-US 0.16% 4,814 $1.3M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 2,266 $1.2M Reduce -4.5%
ADP Automatic Data Processing 0.15% 4,700 $1.2M No change
RELL Richardson Elec Ltd. 0.15% 126,069 $1.2M Add +56.6%
RSSS Research Solutions Inc. 0.15% 366,284 $1.2M No change
JCTC Jewett-Cameron Trading Ltd. 0.15% 217,053 $1.2M No change
VEU Vanguard Ftse All-World Ex-U 0.14% 19,415 $1.1M Reduce -5.4%
INTU Intuit Inc. 0.14% 1,675 $1.1M No change
IWM iShares Russell 2000 ETF 0.13% 4,972 $1.0M Add +2.5%
IWR iShares Russell Mid-Cap ETF 0.12% 11,323 $952K Add +39.8%
BF.A Brown-Forman Corp. Class A 0.12% 17,200 $911K No change
COST Costco Wholesale Corp. 0.11% 1,228 $900K Reduce -4.7%
BSX Boston Scientific Corp. 0.11% 13,133 $899K No change
ORCL Oracle Corp. 0.11% 7,018 $882K Add +43.1%
MMM 3M Co. 0.11% 8,188 $869K Reduce -1.8%
LOW Lowe's Cos Inc. 0.11% 3,321 $846K Add +5.6%
YUM Yum! Brands Inc. 0.10% 5,604 $777K No change
MSI Motorola Solutions Inc. 0.10% 2,143 $761K Reduce -3.2%
IWB iShares Russell 1000 ETF 0.08% 2,065 $595K Add +0.2%
IVW iShares S&P 500 Growth ETF 0.07% 6,516 $550K Add +18.9%
WM Waste Management Inc. 0.07% 2,500 $533K Reduce -3.7%
DD Dupont DE Nemours Inc. 0.07% 6,809 $522K Reduce -4.8%
HSY The Hershey Co. 0.06% 2,600 $506K No change
USMV iShares MSCI USA Min Vol Fac 0.06% 5,874 $491K Reduce -1.5%
MA Mastercard Inc. Class A 0.06% 918 $442K Reduce -3.1%
XLK SS Technology Select Sector 0.05% 2,000 $417K No change
UG United Guardian Inc. 0.05% 53,009 $406K No change
DOW Dow Inc. 0.05% 6,506 $377K Reduce -0.5%
ETN Eaton Corp. PLC 0.05% 1,200 $375K No change
CINF Cincinnati Financial Corp. 0.05% 3,000 $373K No change
GEHC GE Healthcare Technology 0.05% 3,980 $362K Reduce -0.7%
TFC Truist Financial Corp. 0.04% 9,112 $355K Reduce -0.8%
TSCO Tractor Supply Company 0.04% 1,325 $347K No change
COHR Coherent Corp. 0.04% 5,550 $336K No change
AMGN Amgen Inc. 0.04% 1,177 $335K No change
CMCSA Comcast Corp. Class A 0.04% 7,550 $327K Reduce -4.4%
T AT&T Inc. 0.04% 17,392 $306K Reduce -41.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.04% 300 $305K No change
ECL Ecolab Inc. 0.03% 1,184 $273K No change
JBL Jabil Inc. 0.03% 2,000 $268K No change
CB Chubb Ltd. 0.03% 1,027 $266K No change
IVE iShares S&P 500 Value ETF 0.03% 1,422 $266K No change
HON Honeywell International Inc. 0.03% 1,251 $257K No change
MRSH Marsh & McLennan Cos 0.03% 1,213 $250K New
AMAT Applied Materials Inc. 0.03% 1,200 $247K New
AMZN Amazon.com Inc. 0.03% 1,350 $244K Reduce -15.9%
EW Edwards Lifesciences Corp. 0.03% 2,526 $241K New
COP Conocophillips 0.03% 1,896 $241K No change
EEM iShares MSCI Emerging Market 0.03% 5,776 $237K New
KMB Kimberly-Clark Corp. 0.03% 1,783 $231K New
MCK McKesson Corp. 0.03% 426 $229K New
V Visa Inc. Class A 0.03% 808 $225K Reduce -4.6%
YUMC Yum China Holdings Inc. 0.03% 5,404 $215K No change
LRCX Lam Research Corp. 0.03% 216 $210K New
TGT Target Corp. 0.03% 1,173 $208K New
EFA iShares MSCI Eafe ETF 0.03% 2,513 $201K New

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -0.8% 2.76% −0.65
MDLZ Mondelez International Inc. Class A Reduce -0.1% 1.56% −0.20
CVS CVS Health Corp. Reduce -4.0% 1.56% −0.19
BF.B Brown-Forman Corp. Class B Reduce -0.1% 0.68% −0.14
SGC Superior Group of Cos Inc. Sold out 0.00% −0.10
AOUT American Outdoor Brands Inc. Sold out 0.00% −0.09
WAT Waters Corp. Reduce -1.5% 1.43% −0.08
FREE Whole Earth Brands Inc. Sold out 0.00% −0.08
SJM The JM Smucker Co. Reduce -1.0% 0.73% −0.08
IBM Intl Business Machines Corp. Reduce -28.9% 0.24% −0.07
PM Philip Morris International Reduce -5.8% 0.36% −0.07
ZTS Zoetis Inc. Reduce -3.0% 0.21% −0.07
KVUE Kenvue Inc. Reduce -5.2% 0.39% −0.06
WBA Walgreens Boots Alliance Inc. Reduce -1.7% 0.16% −0.05
KO The Coca-Cola Co. Reduce -3.5% 0.54% −0.05
GLW Corning Inc. Reduce -3.4% 1.11% −0.05
IWV iShares Russell 3000 ETF Sold out 0.00% −0.04
GOOG Alphabet Inc. Class C Reduce -0.2% 2.75% −0.03
T AT&T Inc. Reduce -41.1% 0.04% −0.03
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.03
MO Altria Group Inc. Reduce -7.5% 0.27% −0.02
CVX Chevron Corp. Reduce -3.6% 0.25% −0.02
MMM 3M Co. Reduce -1.8% 0.11% −0.02
VEU Vanguard Ftse All-World Ex-U Reduce -5.4% 0.14% −0.01
USB US Bancorp Reduce -0.4% 0.20% −0.01
DD Dupont DE Nemours Inc. Reduce -4.8% 0.07% −0.01
CMCSA Comcast Corp. Class A Reduce -4.4% 0.04% −0.01
IVV iShares Core S&P 500 ETF Reduce -4.0% 0.20% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.5% 0.15% −0.01
COST Costco Wholesale Corp. Reduce -4.7% 0.11% −0.00
AMZN Amazon.com Inc. Reduce -15.9% 0.03% −0.00
USMV iShares MSCI USA Min Vol Fac Reduce -1.5% 0.06% −0.00
TFC Truist Financial Corp. Reduce -0.8% 0.04% −0.00
V Visa Inc. Class A Reduce -4.6% 0.03% −0.00
DOW Dow Inc. Reduce -0.5% 0.05% −0.00
MA Mastercard Inc. Class A Reduce -3.1% 0.06% +0.00
MSI Motorola Solutions Inc. Reduce -3.2% 0.10% +0.00
SMG Scotts Miracle-Gro Co. Reduce -6.3% 0.43% +0.00
GEHC GE Healthcare Technology Reduce -0.7% 0.05% +0.00
WM Waste Management Inc. Reduce -3.7% 0.07% +0.00
LLY Eli Lilly & Co. Reduce -1.7% 0.56% +0.09
NVDA Nvidia Corp. Reduce -14.9% 0.33% +0.10
GE General Electric Reduce -1.0% 0.53% +0.10
MSFT Microsoft Corp. Reduce -1.5% 13.81% +0.15
AXP American Express Co. Reduce -0.2% 2.01% +0.20
MRK Merck & Co. Inc. Reduce -0.0% 2.66% +0.26
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.2% 8.18% +0.60
META Meta Platforms Inc. Class A Reduce -0.6% 4.84% +0.97

Portfolio Buys Q4 2023 → Q1 2024
DIS The Walt Disney Co. Add +1.5% 1.16% +0.24
FAST Fastenal Co. Add +0.4% 2.71% +0.24
XOM Exxon Mobil Corp. Add +0.4% 2.77% +0.18
SYK Stryker Corp. Add +0.0% 1.80% +0.16
DOV Dover Corp. Add +0.1% 2.48% +0.14
JPM JPMorgan Chase & Co. Add +1.0% 1.15% +0.10
WMT Walmart Inc. Add +0.4% 1.84% +0.09
PG The Procter & Gamble Co. Add +0.4% 3.08% +0.06
HD Home Depot Inc. Add +3.4% 1.19% +0.06
VEA Vanguard Ftse Developed ETF Add +15.5% 0.51% +0.05
ABBV Abbvie Inc. Add +1.1% 0.55% +0.04
IJR iShares Core S&P Small-Cap E Add +13.9% 0.70% +0.04
ORCL Oracle Corp. Add +43.1% 0.11% +0.04
IWR iShares Russell Mid-Cap ETF Add +39.8% 0.12% +0.03
MRSH Marsh & McLennan Cos New 0.03% +0.03
AMAT Applied Materials Inc. New 0.03% +0.03
EW Edwards Lifesciences Corp. New 0.03% +0.03
EEM iShares MSCI Emerging Market New 0.03% +0.03
KMB Kimberly-Clark Corp. New 0.03% +0.03
MCK McKesson Corp. New 0.03% +0.03
LRCX Lam Research Corp. New 0.03% +0.03
TGT Target Corp. New 0.03% +0.03
EFA iShares MSCI Eafe ETF New 0.03% +0.03
IVW iShares S&P 500 Growth ETF Add +18.9% 0.07% +0.01
VOO Vanguard S&P 500 ETF Add +0.5% 0.78% +0.01
LOW Lowe's Cos Inc. Add +5.6% 0.11% +0.01
VTI VG Morningstar TS MKT ETF-US Add +1.5% 0.16% +0.00
IWB iShares Russell 1000 ETF Add +0.2% 0.08% +0.00
RELL Richardson Elec Ltd. Add +56.6% 0.15% −0.00
IWM iShares Russell 2000 ETF Add +2.5% 0.13% −0.00
CLAR Clarus Corp. Add +8.1% 0.17% −0.01
VWO Vanguard Ftse Emerging Marke Add +4.9% 0.61% −0.01
ABT Abbott Laboratories Add +0.8% 0.46% −0.02
GOOGL Alphabet Inc. Class A Add +0.1% 3.26% −0.03
MDT Medtronic PLC Add +0.4% 1.03% −0.03
SCHW Schwab (charles) Corp. Add +1.2% 1.30% −0.03
PFE Pfizer Inc. Add +0.8% 0.37% −0.05
MCD McDonald's Corp. Add +0.7% 0.51% −0.07
BKNG Booking Holdings Inc. Add +0.3% 1.65% −0.10
PEP Pepsico Inc. Add +0.6% 2.25% −0.12
CSCO Cisco Systems Inc. Add +0.4% 1.37% −0.14
LSTR Landstar System Inc. Add +0.2% 1.66% −0.15
JNJ Johnson & Johnson Add +1.3% 2.55% −0.17
PAYX Paychex Inc. Add +0.2% 4.09% −0.23
YETI Yeti Holdings Inc. Add +1.8% 1.09% −0.48

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 133$962.0MMSFT, BRK.B, GLW, GOOGL, GOOG
Q1 2026 127$874.7MMSFT, BRK.B, GOOGL, META, GOOG
Q4 2025 131$926.7MMSFT, BRK.B, GOOGL, META, GOOG
Q3 2025 129$902.5MMSFT, BRK.B, META, GOOGL, AAPL
Q2 2025 126$874.1MMSFT, BRK.B, META, PAYX, GOOGL
Q1 2025 122$813.1MMSFT, BRK.B, META, PAYX, AAPL
Q4 2024 123$826.7MMSFT, BRK.B, META, PAYX, AAPL
Q3 2024 125$837.4MMSFT, BRK.B, META, PAYX, AAPL
Q2 2024 121$787.2MMSFT, BRK.B, META, PAYX, GOOGL
Q1 2024 121$788.8MMSFT, BRK.B, META, PAYX, GOOGL