Parthenon LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Parthenon LLC reported 127 stock positions worth $874.7 million. Its top holding was Microsoft (MSFT) at 9.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.6%) and Alphabet Class A (GOOGL, 5.2%). Compared with Q4 2025, it sold out of 4, added to 10 and reduced 53. The biggest buy was Cisco Systems (CSCO, shares −0%) and the biggest sale Meta Platforms Class A (META, shares −1%).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0001088859
Portfolio Value
$874.7M (Q1 2026)
SEC Filing
0001088859-26-000002 ↗ filed Apr 28, 2026

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 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 $874.7M Q1 2026 Q2 2026: $962.0M Q2 2026

Holdings 127 stocks · $874.7M
MSFT Microsoft Corp. 9.64% 227,868 $84.3M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 7.58% 138,348 $66.3M Reduce -0.2%
GOOGL Alphabet Inc. Class A 5.16% 157,083 $45.2M Reduce -1.3%
META Meta Platforms Inc. Class A 4.42% 67,643 $38.7M Reduce -1.3%
GOOG Alphabet Inc. Class C 3.70% 112,836 $32.4M Reduce -3.8%
AAPL Apple Inc. 3.69% 127,221 $32.3M Reduce -1.3%
GLW Corning Inc. 3.58% 230,615 $31.4M Reduce -0.0%
XOM Exxon Mobil Corp. 3.39% 174,820 $29.7M Reduce -0.6%
JNJ Johnson & Johnson 3.38% 120,839 $29.5M Reduce -1.2%
WMT Walmart Inc. 3.22% 226,440 $28.1M Reduce -0.6%
FAST Fastenal Co. 2.88% 543,072 $25.2M Reduce -0.3%
PAYX Paychex Inc. 2.59% 246,323 $22.7M Add +0.6%
DOV Dover Corp. 2.50% 105,018 $21.9M Reduce -0.3%
AXP American Express Co. 2.29% 66,125 $20.0M Reduce -1.9%
PG The Procter & Gamble Co. 2.19% 132,802 $19.2M Reduce -1.8%
MRK Merck & Co. Inc. 2.10% 153,062 $18.4M Reduce -0.4%
BKNG Booking Holdings Inc. 1.83% 3,797 $16.0M Add +9.5%
PEP Pepsico Inc. 1.77% 99,973 $15.5M Reduce -1.0%
CSCO Cisco Systems Inc. 1.76% 198,090 $15.4M Add +0.0%
SCHW Schwab (charles) Corp. 1.41% 131,490 $12.4M Reduce -1.7%
JPM JPMorgan Chase & Co. 1.41% 41,938 $12.3M Reduce -1.2%
SYK Stryker Corp. 1.40% 37,200 $12.2M Reduce -0.1%
LSTR Landstar System Inc. 1.23% 66,909 $10.7M Reduce -0.1%
CRM Salesforce Inc. 1.20% 56,355 $10.5M Reduce -2.5%
BATRK Atlanta Braves Holdings in-C 1.09% 223,665 $9.6M No change
VOO Vanguard S&P 500 ETF 1.02% 14,995 $9.0M Add +3.6%
ICLR Icon PLC 1.00% 79,203 $8.8M No change
WAT Waters Corp. 0.99% 29,003 $8.6M Reduce -0.3%
CVS CVS Health Corp. 0.93% 113,371 $8.1M Reduce -1.3%
MDLZ Mondelez International Inc. Class A 0.91% 138,378 $8.0M Reduce -1.2%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.91% 217,430 $8.0M Reduce -1.1%
HD Home Depot Inc. 0.87% 23,098 $7.6M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.81% 73,666 $7.1M Reduce -0.1%
IJR iShares Core S&P Small-Cap E 0.80% 56,117 $7.0M Add +0.3%
PNC PNC Financial Services Group 0.80% 33,424 $7.0M No change
CHDN Churchill Downs Inc. 0.75% 72,654 $6.5M Reduce -0.6%
GE General Electric filed as GE AEROSPACE 0.72% 22,204 $6.3M Reduce -0.8%
VWO Vanguard Ftse Emerging Marke 0.71% 115,636 $6.3M Reduce -1.2%
MDT Medtronic PLC 0.61% 61,403 $5.3M Reduce -0.4%
VEA Vanguard Ftse Developed ETF 0.61% 82,625 $5.3M Add +1.0%
PM Philip Morris International 0.56% 29,441 $4.9M Reduce -0.2%
HSY The Hershey Co. 0.55% 23,215 $4.8M Reduce -1.5%
KO The Coca-Cola Co. 0.54% 61,690 $4.7M Reduce -0.6%
BRK.A Berkshire Hathaway Inc. Class A 0.49% 6 $4.3M No change
MCD McDonald's Corp. 0.45% 12,788 $4.0M Reduce -1.4%
LLY Eli Lilly & Co. 0.43% 4,083 $3.8M Reduce -4.1%
ABBV Abbvie Inc. 0.38% 15,215 $3.3M Reduce -1.0%
GEV GE Vernova Inc. 0.38% 3,763 $3.3M Reduce -2.1%
VPL Vanguard Ftse Pacific ETF 0.36% 32,429 $3.2M Reduce -1.7%
CLAR Clarus Corp. 0.36% 1,146,739 $3.1M Add +14.1%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.35% 31,348 $3.0M Reduce -0.9%
MO Altria Group Inc. 0.33% 43,227 $2.9M Reduce -13.2%
BF.B Brown-Forman Corp. Class B 0.32% 105,035 $2.8M No change
CVX Chevron Corp. 0.27% 11,543 $2.4M Reduce -1.0%
CL Colgate-Palmolive Co. 0.27% 27,486 $2.3M No change
TPB Turning Point Brands Inc. 0.25% 25,470 $2.2M Reduce -17.2%
ABT Abbott Laboratories 0.25% 21,436 $2.2M Reduce -1.4%
VGK Vanguard Ftse Europe ETF 0.21% 22,256 $1.8M Reduce -0.6%
IVV iShares Core S&P 500 ETF 0.20% 2,672 $1.7M Reduce -6.3%
VTI VG Morningstar TS MKT ETF-US 0.20% 5,407 $1.7M No change
SMG Scotts Miracle-Gro Co. 0.19% 27,535 $1.7M Reduce -4.8%
NKE Nike Inc. Class B 0.17% 28,249 $1.5M Reduce -2.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.17% 6,110 $1.5M Reduce -2.6%
RELL Richardson Elec Ltd. 0.17% 134,316 $1.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.16% 2,204 $1.4M No change
TFX Teleflex Inc. 0.16% 11,808 $1.4M No change
COST Costco Wholesale Corp. 0.15% 1,303 $1.3M No change
VEU Vanguard Ftse All-World Ex-U 0.15% 16,928 $1.3M No change
PFE Pfizer Inc. 0.14% 44,962 $1.3M Reduce -0.1%
IWM iShares Russell 2000 ETF 0.14% 4,761 $1.2M Reduce -0.8%
COHR Coherent Corp. 0.13% 4,900 $1.2M No change
KVUE Kenvue Inc. 0.13% 67,608 $1.2M Reduce -1.2%
MMM 3M Co. 0.13% 7,661 $1.1M No change
ZTS Zoetis Inc. 0.12% 9,236 $1.1M Reduce -2.3%
ORCL Oracle Corp. 0.12% 7,073 $1.0M No change
ADP Automatic Data Processing 0.11% 4,700 $955K No change
IWR iShares Russell Mid-Cap ETF 0.10% 9,323 $906K No change
RSSS Research Solutions Inc. 0.10% 392,284 $887K No change
YUM Yum! Brands Inc. 0.10% 5,604 $871K No change
STX Seagate Technology Holdings 0.09% 2,000 $784K No change
NVDA Nvidia Corp. 0.08% 4,198 $732K Reduce -74.8%
MSI Motorola Solutions Inc. 0.08% 1,678 $728K Reduce -1.7%
IWB iShares Russell 1000 ETF 0.08% 1,980 $706K No change
LOW Lowe's Cos Inc. 0.08% 2,971 $702K No change
BSX Boston Scientific Corp. 0.08% 10,509 $659K No change
MA Mastercard Inc. Class A 0.07% 1,243 $621K No change
WM Waste Management Inc. 0.07% 2,538 $583K No change
IVW iShares S&P 500 Growth ETF 0.07% 5,136 $581K No change
USMV iShares MSCI USA Min Vol Fac 0.07% 6,174 $573K No change
LRCX Lam Research Corp. 0.07% 2,660 $568K No change
INTU Intuit Inc. 0.06% 1,275 $551K No change
T AT&T Inc. 0.06% 18,404 $534K Add +3.0%
JBL Jabil Inc. 0.06% 2,000 $531K No change
ETN Eaton Corp. PLC 0.06% 1,425 $510K No change
THRY Thryv Holdings Inc. 0.06% 184,717 $506K No change
V Visa Inc. Class A 0.06% 1,663 $503K No change
BF.A Brown-Forman Corp. Class A 0.06% 18,200 $488K No change
CINF Cincinnati Financial Corp. 0.05% 3,000 $472K No change
AMZN Amazon.com Inc. 0.05% 2,265 $472K No change
RTX RTX Corp. 0.05% 2,428 $468K No change

Show all 127 holdings

Portfolio Sells Q4 2025 → Q1 2026
META Meta Platforms Inc. Class A Reduce -1.3% 4.42% −0.46
CRM Salesforce Inc. Reduce -2.5% 1.20% −0.45
AXP American Express Co. Reduce -1.9% 2.29% −0.40
GOOG Alphabet Inc. Class C Reduce -3.8% 3.70% −0.27
NVDA Nvidia Corp. Reduce -74.8% 0.08% −0.25
GOOGL Alphabet Inc. Class A Reduce -1.3% 5.16% −0.21
WAT Waters Corp. Reduce -0.3% 0.99% −0.21
CHDN Churchill Downs Inc. Reduce -0.6% 0.75% −0.15
YETI Yeti Holdings Inc. Reduce -1.1% 0.91% −0.14
TPB Turning Point Brands Inc. Reduce -17.2% 0.25% −0.11
DIS The Walt Disney Co. Reduce -0.1% 0.81% −0.09
AAPL Apple Inc. Reduce -1.3% 3.69% −0.09
JPM JPMorgan Chase & Co. Reduce -1.2% 1.41% −0.07
LLY Eli Lilly & Co. Reduce -4.1% 0.43% −0.06
CVS CVS Health Corp. Reduce -1.3% 0.93% −0.05
ABT Abbott Laboratories Reduce -1.4% 0.25% −0.04
TSCO Tractor Supply Company Sold out 0.00% −0.04
IBM Intl Business Machines Corp. Reduce -2.6% 0.17% −0.03
MDT Medtronic PLC Reduce -0.4% 0.61% −0.03
SCHW Schwab (charles) Corp. Reduce -1.7% 1.41% −0.03
NKE Nike Inc. Class B Reduce -2.3% 0.17% −0.03
EXPE Expedia Group Inc. Sold out 0.00% −0.02
GE General Electric Reduce -0.8% 0.72% −0.02
SCHX Schwab US Large-Cap ETF Sold out 0.00% −0.02
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.02
SYK Stryker Corp. Reduce -0.1% 1.40% −0.01
IVV iShares Core S&P 500 ETF Reduce -6.3% 0.20% −0.01
ZTS Zoetis Inc. Reduce -2.3% 0.12% −0.00
ABBV Abbvie Inc. Reduce -1.0% 0.38% −0.00
KVUE Kenvue Inc. Reduce -1.2% 0.13% +0.01
IWM iShares Russell 2000 ETF Reduce -0.8% 0.14% +0.01
VGK Vanguard Ftse Europe ETF Reduce -0.6% 0.21% +0.01
SMG Scotts Miracle-Gro Co. Reduce -4.8% 0.19% +0.01
SJM The JM Smucker Co. Reduce -0.9% 0.35% +0.01
MSI Motorola Solutions Inc. Reduce -1.7% 0.08% +0.01
MO Altria Group Inc. Reduce -13.2% 0.33% +0.02
PFE Pfizer Inc. Reduce -0.1% 0.14% +0.02
MCD McDonald's Corp. Reduce -1.4% 0.45% +0.03
VWO Vanguard Ftse Emerging Marke Reduce -1.2% 0.71% +0.04
VPL Vanguard Ftse Pacific ETF Reduce -1.7% 0.36% +0.04
PM Philip Morris International Reduce -0.2% 0.56% +0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.2% 7.58% +0.06
KO The Coca-Cola Co. Reduce -0.6% 0.54% +0.07
CVX Chevron Corp. Reduce -1.0% 0.27% +0.08
HSY The Hershey Co. Reduce -1.5% 0.55% +0.09
MDLZ Mondelez International Inc. Class A Reduce -1.2% 0.91% +0.10
PG The Procter & Gamble Co. Reduce -1.8% 2.19% +0.10
GEV GE Vernova Inc. Reduce -2.1% 0.38% +0.10
LSTR Landstar System Inc. Reduce -0.1% 1.23% +0.19
PEP Pepsico Inc. Reduce -1.0% 1.77% +0.21

Portfolio Buys Q4 2025 → Q1 2026
CSCO Cisco Systems Inc. Add +0.0% 1.76% +0.11
IJR iShares Core S&P Small-Cap E Add +0.3% 0.80% +0.07
VEA Vanguard Ftse Developed ETF Add +1.0% 0.61% +0.05
VOO Vanguard S&P 500 ETF Add +3.6% 1.02% +0.04
WSBC Wesbanco Inc. Add +61.8% 0.05% +0.02
T AT&T Inc. Add +3.0% 0.06% +0.01
CLAR Clarus Corp. Add +14.1% 0.36% −0.01
BKNG Booking Holdings Inc. Add +9.5% 1.83% −0.18
PAYX Paychex Inc. Add +0.6% 2.59% −0.37
MSFT Microsoft Corp. Add +0.2% 9.64% −2.23

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