Parthenon LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), Parthenon LLC reported 125 stock positions worth $837.4 million. Its top holding was Microsoft (MSFT) at 12.9% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 8.2%) and Meta Platforms Class A (META, 5.1%). Compared with Q2 2024, it opened 7 new positions, sold out of 3, added to 31 and reduced 38. The biggest buy was a new position in Nike Class B (NKE) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0001088859
Portfolio Value
$837.4M (Q3 2024)
SEC Filing
0001085146-24-005366 ↗ filed Nov 5, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $788.8M Q1 2024 Q2 2024: $787.2M Q2 2024 Q3 2024: $837.4M $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 125 stocks · $837.4M
MSFT Microsoft Corp. 12.90% 250,994 $108.0M Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B 8.20% 149,172 $68.7M Reduce -1.0%
META Meta Platforms Inc. Class A 5.14% 75,204 $43.0M Reduce -2.2%
PAYX Paychex Inc. 4.15% 259,195 $34.8M Reduce -0.1%
AAPL Apple Inc. 3.52% 126,393 $29.4M Add +1.3%
GOOGL Alphabet Inc. Class A 3.33% 168,252 $27.9M Add +0.6%
PG The Procter & Gamble Co. 3.06% 148,084 $25.6M Reduce -0.8%
GOOG Alphabet Inc. Class C 2.78% 139,346 $23.3M Add +0.4%
XOM Exxon Mobil Corp. 2.68% 191,590 $22.5M Add +2.4%
DOV Dover Corp. 2.49% 108,950 $20.9M Add +0.2%
JNJ Johnson & Johnson 2.44% 126,275 $20.5M Add +0.3%
FAST Fastenal Co. 2.32% 272,598 $19.5M Add +0.2%
WMT Walmart Inc. 2.28% 235,967 $19.1M Add +0.2%
AXP American Express Co. 2.23% 68,840 $18.7M Add +0.1%
MRK Merck & Co. Inc. 2.15% 158,720 $18.0M Reduce -0.3%
PEP Pepsico Inc. 2.06% 101,288 $17.2M Reduce -0.4%
BKNG Booking Holdings Inc. 1.76% 3,509 $14.8M Add +0.3%
SYK Stryker Corp. 1.68% 38,990 $14.1M Add +0.1%
MDLZ Mondelez International Inc. Class A 1.51% 172,108 $12.7M Reduce -0.4%
LSTR Landstar System Inc. 1.51% 66,775 $12.6M Add +0.1%
WAT Waters Corp. 1.38% 32,181 $11.6M Reduce -0.2%
GLW Corning Inc. 1.37% 253,404 $11.4M Reduce -1.9%
CSCO Cisco Systems Inc. 1.31% 206,281 $11.0M Reduce -5.6%
CHDN Churchill Downs Inc. 1.16% 71,912 $9.7M Reduce -0.2%
HD Home Depot Inc. 1.15% 23,841 $9.7M Reduce -2.5%
JPM JPMorgan Chase & Co. 1.12% 44,573 $9.4M Add +0.5%
CVS CVS Health Corp. 1.11% 148,461 $9.3M Reduce -2.1%
SCHW Schwab (charles) Corp. 1.10% 141,530 $9.2M Add +0.6%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 1.09% 223,185 $9.2M Add +0.2%
MDT Medtronic PLC 0.98% 91,061 $8.2M Reduce -1.1%
VOO Vanguard S&P 500 ETF 0.86% 13,673 $7.2M Add +7.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.86% 74,805 $7.2M Add +0.1%
PNC PNC Financial Services Group 0.74% 33,525 $6.2M Add +1.4%
IJR iShares Core S&P Small-Cap E 0.71% 51,097 $6.0M Add +1.5%
VWO Vanguard Ftse Emerging Marke 0.65% 113,063 $5.4M Reduce -0.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.64% 44,537 $5.4M Reduce -0.1%
BF.B Brown-Forman Corp. Class B 0.61% 104,097 $5.1M Reduce -0.3%
LLY Eli Lilly & Co. 0.60% 5,667 $5.0M No change
BRK.A Berkshire Hathaway Inc. Class A 0.58% 7 $4.8M No change
KO The Coca-Cola Co. 0.57% 66,173 $4.8M No change
HSY The Hershey Co. 0.56% 24,240 $4.6M Add +0.3%
ABBV Abbvie Inc. 0.55% 23,488 $4.6M Reduce -0.8%
GE General Electric filed as GE AEROSPACE 0.52% 23,189 $4.4M Reduce -0.2%
MCD McDonald's Corp. 0.52% 14,313 $4.4M Reduce -0.1%
VEA Vanguard Ftse Developed ETF 0.52% 82,011 $4.3M Add +0.4%
ABT Abbott Laboratories 0.44% 32,063 $3.7M Add +1.3%
PM Philip Morris International 0.42% 29,141 $3.5M Reduce -6.4%
SMG Scotts Miracle-Gro Co. 0.42% 40,775 $3.5M Reduce -5.6%
BATRK Atlanta Braves Holdings in-C 0.41% 86,440 $3.4M No change
NVDA Nvidia Corp. 0.36% 24,950 $3.0M No change
TFX Teleflex Inc. 0.35% 11,983 $3.0M No change
KVUE Kenvue Inc. 0.35% 125,801 $2.9M Reduce -2.3%
CL Colgate-Palmolive Co. 0.34% 27,486 $2.9M No change
PFE Pfizer Inc. 0.34% 97,602 $2.8M Reduce -2.5%
VPL Vanguard Ftse Pacific ETF 0.31% 33,207 $2.6M No change
MO Altria Group Inc. 0.30% 49,327 $2.5M No change
NKE Nike Inc. Class B 0.28% 26,469 $2.3M New
TPB Turning Point Brands Inc. 0.27% 51,770 $2.2M No change
AGX Argan Inc. 0.26% 21,657 $2.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.26% 9,842 $2.2M Reduce -0.1%
ZTS Zoetis Inc. 0.23% 9,743 $1.9M Add +6.1%
IVV iShares Core S&P 500 ETF 0.20% 2,951 $1.7M Reduce -0.8%
CVX Chevron Corp. 0.20% 11,551 $1.7M Reduce -3.2%
RELL Richardson Elec Ltd. 0.20% 134,316 $1.7M No change
VGK Vanguard Ftse Europe ETF 0.20% 23,200 $1.6M Reduce -0.8%
USB US Bancorp 0.19% 34,308 $1.6M No change
VTI VG Morningstar TS MKT ETF-US 0.17% 4,940 $1.4M Add +0.1%
ADP Automatic Data Processing 0.16% 4,700 $1.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.16% 2,266 $1.3M No change
VEU Vanguard Ftse All-World Ex-U 0.14% 19,003 $1.2M No change
ORCL Oracle Corp. 0.14% 7,018 $1.2M Reduce -0.2%
MMM 3M Co. 0.13% 8,188 $1.1M No change
BSX Boston Scientific Corp. 0.13% 13,133 $1.1M No change
COST Costco Wholesale Corp. 0.13% 1,228 $1.1M No change
JCTC Jewett-Cameron Trading Ltd. 0.13% 217,053 $1.1M No change
IWM iShares Russell 2000 ETF 0.13% 4,847 $1.1M Reduce -2.5%
INTU Intuit Inc. 0.12% 1,675 $1.0M No change
LOW Lowe's Cos Inc. 0.12% 3,771 $1.0M Add +13.6%
RSSS Research Solutions Inc. 0.12% 366,284 $1000K No change
IWR iShares Russell Mid-Cap ETF 0.12% 11,323 $998K No change
GEV GE Vernova Inc. 0.12% 3,881 $990K Reduce -28.8%
MSI Motorola Solutions Inc. 0.12% 2,143 $964K No change
CLAR Clarus Corp. 0.10% 188,512 $848K Reduce -5.8%
BF.A Brown-Forman Corp. Class A 0.10% 17,200 $827K No change
UG United Guardian Inc. 0.10% 51,909 $824K Reduce -2.1%
YUM Yum! Brands Inc. 0.09% 5,604 $783K No change
IWB iShares Russell 1000 ETF 0.08% 2,060 $648K No change
IVW iShares S&P 500 Growth ETF 0.07% 6,516 $624K No change
MA Mastercard Inc. Class A 0.07% 1,243 $614K Add +35.4%
DD Dupont DE Nemours Inc. 0.07% 6,809 $607K No change
USMV iShares MSCI USA Min Vol Fac 0.06% 5,874 $536K No change
WM Waste Management Inc. 0.06% 2,500 $519K No change
WBA Walgreens Boots Alliance Inc. 0.06% 55,495 $497K Reduce -4.0%
COHR Coherent Corp. 0.06% 5,400 $480K No change
ETN Eaton Corp. PLC 0.06% 1,425 $472K Add +18.8%
XLK SS Technology Select Sector 0.05% 2,000 $452K No change
CINF Cincinnati Financial Corp. 0.05% 3,000 $408K No change
TFC Truist Financial Corp. 0.05% 9,155 $392K No change
TSCO Tractor Supply Company 0.05% 1,325 $385K No change
T AT&T Inc. 0.05% 17,498 $385K Add +0.6%
AMGN Amgen Inc. 0.05% 1,177 $379K No change
V Visa Inc. Class A 0.04% 1,352 $372K Add +66.1%
AMZN Amazon.com Inc. 0.04% 1,970 $367K Add +41.7%
GEHC GE Healthcare Technology 0.04% 3,831 $360K Reduce -0.4%
DOW Dow Inc. 0.04% 6,506 $355K No change
CMCSA Comcast Corp. Class A 0.04% 7,550 $315K Reduce -0.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.04% 300 $312K No change
ECL Ecolab Inc. 0.04% 1,184 $302K No change
CB Chubb Ltd. 0.04% 1,027 $296K No change
COP Conocophillips 0.04% 2,796 $294K Add +47.5%
UNH Unitedhealth Group Inc. 0.03% 486 $284K New
MRSH Marsh & McLennan Cos 0.03% 1,213 $271K No change
RTX RTX Corp. 0.03% 2,217 $269K New
EEM iShares MSCI Emerging Market 0.03% 5,776 $265K No change
HON Honeywell International Inc. 0.03% 1,251 $259K No change
IVE iShares S&P 500 Value ETF 0.03% 1,305 $257K Reduce -8.2%
KMB Kimberly-Clark Corp. 0.03% 1,783 $254K No change
YUMC Yum China Holdings Inc. 0.03% 5,404 $243K New
AMAT Applied Materials Inc. 0.03% 1,200 $242K No change
JBL Jabil Inc. 0.03% 2,000 $240K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 3,254 $234K No change
MCK McKesson Corp. 0.03% 426 $211K No change
KR Kroger Co. 0.03% 3,664 $210K New
EFA iShares MSCI Eafe ETF 0.02% 2,413 $202K New
F Ford Motor Co. filed as FORD MTR CO 0.01% 11,016 $116K New

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -0.1% 12.90% −1.37
MRK Merck & Co. Inc. Reduce -0.3% 2.15% −0.35
CHDN Churchill Downs Inc. Reduce -0.2% 1.16% −0.12
PEP Pepsico Inc. Reduce -0.4% 2.06% −0.07
CLAR Clarus Corp. Reduce -5.8% 0.10% −0.07
PG The Procter & Gamble Co. Reduce -0.8% 3.06% −0.06
CVX Chevron Corp. Reduce -3.2% 0.20% −0.03
EW Edwards Lifesciences Corp. Sold out 0.00% −0.03
WBA Walgreens Boots Alliance Inc. Reduce -4.0% 0.06% −0.03
LRCX Lam Research Corp. Sold out 0.00% −0.03
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.03
CVS CVS Health Corp. Reduce -2.1% 1.11% −0.02
PFE Pfizer Inc. Reduce -2.5% 0.34% −0.02
CSCO Cisco Systems Inc. Reduce -5.6% 1.31% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.8% 0.20% −0.00
IVE iShares S&P 500 Value ETF Reduce -8.2% 0.03% −0.00
VGK Vanguard Ftse Europe ETF Reduce -0.8% 0.20% −0.00
GEV GE Vernova Inc. Reduce -28.8% 0.12% −0.00
IWM iShares Russell 2000 ETF Reduce -2.5% 0.13% −0.00
CMCSA Comcast Corp. Class A Reduce -0.4% 0.04% 0.00
GEHC GE Healthcare Technology Reduce -0.4% 0.04% +0.00
VWO Vanguard Ftse Emerging Marke Reduce -0.6% 0.65% +0.01
ORCL Oracle Corp. Reduce -0.2% 0.14% +0.02
PM Philip Morris International Reduce -6.4% 0.42% +0.02
SJM The JM Smucker Co. Reduce -0.1% 0.64% +0.03
ABBV Abbvie Inc. Reduce -0.8% 0.55% +0.04
UG United Guardian Inc. Reduce -2.1% 0.10% +0.04
BF.B Brown-Forman Corp. Class B Reduce -0.3% 0.61% +0.04
IBM Intl Business Machines Corp. Reduce -0.1% 0.26% +0.04
KVUE Kenvue Inc. Reduce -2.3% 0.35% +0.05
GE General Electric Reduce -0.2% 0.52% +0.05
MCD McDonald's Corp. Reduce -0.1% 0.52% +0.06
MDT Medtronic PLC Reduce -1.1% 0.98% +0.06
SMG Scotts Miracle-Gro Co. Reduce -5.6% 0.42% +0.07
MDLZ Mondelez International Inc. Class A Reduce -0.4% 1.51% +0.08
HD Home Depot Inc. Reduce -2.5% 1.15% +0.08
GLW Corning Inc. Reduce -1.9% 1.37% +0.09
WAT Waters Corp. Reduce -0.2% 1.38% +0.19
META Meta Platforms Inc. Class A Reduce -2.2% 5.14% +0.21
PAYX Paychex Inc. Reduce -0.1% 4.15% +0.25
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 8.20% +0.41

Portfolio Buys Q2 2024 → Q3 2024
NKE Nike Inc. Class B New 0.28% +0.28
WMT Walmart Inc. Add +0.2% 2.28% +0.25
AXP American Express Co. Add +0.1% 2.23% +0.21
AAPL Apple Inc. Add +1.3% 3.52% +0.18
FAST Fastenal Co. Add +0.2% 2.32% +0.15
JNJ Johnson & Johnson Add +0.3% 2.44% +0.11
PNC PNC Financial Services Group Add +1.4% 0.74% +0.09
VOO Vanguard S&P 500 ETF Add +7.6% 0.86% +0.05
UNH Unitedhealth Group Inc. New 0.03% +0.03
RTX RTX Corp. New 0.03% +0.03
IJR iShares Core S&P Small-Cap E Add +1.5% 0.71% +0.03
YUMC Yum China Holdings Inc. New 0.03% +0.03
LOW Lowe's Cos Inc. Add +13.6% 0.12% +0.03
KR Kroger Co. New 0.03% +0.03
ZTS Zoetis Inc. Add +6.1% 0.23% +0.03
EFA iShares MSCI Eafe ETF New 0.02% +0.02
MA Mastercard Inc. Class A Add +35.4% 0.07% +0.02
ABT Abbott Laboratories Add +1.3% 0.44% +0.02
V Visa Inc. Class A Add +66.1% 0.04% +0.02
YETI Yeti Holdings Inc. Add +0.2% 1.09% +0.01
F Ford Motor Co. New 0.01% +0.01
AMZN Amazon.com Inc. Add +41.7% 0.04% +0.01
ETN Eaton Corp. PLC Add +18.8% 0.06% +0.01
COP Conocophillips Add +47.5% 0.04% +0.01
BKNG Booking Holdings Inc. Add +0.3% 1.76% +0.00
VEA Vanguard Ftse Developed ETF Add +0.4% 0.52% +0.00
T AT&T Inc. Add +0.6% 0.05% +0.00
DOV Dover Corp. Add +0.2% 2.49% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.17% −0.00
SYK Stryker Corp. Add +0.1% 1.68% −0.00
HSY The Hershey Co. Add +0.3% 0.56% −0.01
JPM JPMorgan Chase & Co. Add +0.5% 1.12% −0.02
XOM Exxon Mobil Corp. Add +2.4% 2.68% −0.05
LSTR Landstar System Inc. Add +0.1% 1.51% −0.06
DIS The Walt Disney Co. Add +0.1% 0.86% −0.08
SCHW Schwab (charles) Corp. Add +0.6% 1.10% −0.22
GOOG Alphabet Inc. Class C Add +0.4% 2.78% −0.45
GOOGL Alphabet Inc. Class A Add +0.6% 3.33% −0.54

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