Parthenon LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Parthenon LLC reported 133 stock positions worth $962.0 million. Its top holding was Microsoft (MSFT) at 8.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.1%) and Corning (GLW, 6.1%). Compared with Q1 2026, it opened 11 new positions, sold out of 5, added to 13 and reduced 55. The biggest buy was Landstar System (LSTR, shares +0%) and the biggest sale Exxon Mobil (XOM, shares −2%).

Most Recent 13F
Q2 2026
Location
LOUISVILLE, KY
CIK
0001088859
Portfolio Value
$962.0M (Q2 2026)
SEC Filing
0001088859-26-000004 ↗ filed Jul 23, 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 Q1 2026 Q2 2026: $962.0M $962.0M Q2 2026

Holdings 133 stocks · $962.0M
MSFT Microsoft Corp. 8.81% 227,288 $84.8M Reduce -0.3%
BRK.B Berkshire Hathaway Inc. Class B 7.11% 136,778 $68.4M Reduce -1.1%
GLW Corning Inc. 6.08% 228,865 $58.5M Reduce -0.8%
GOOGL Alphabet Inc. Class A 5.63% 151,488 $54.1M Reduce -3.6%
GOOG Alphabet Inc. Class C 4.02% 109,471 $38.7M Reduce -3.0%
META Meta Platforms Inc. Class A 3.96% 67,543 $38.0M Reduce -0.1%
AAPL Apple Inc. 3.82% 127,020 $36.8M Reduce -0.2%
JNJ Johnson & Johnson 3.17% 120,079 $30.5M Reduce -0.6%
WMT Walmart Inc. 2.65% 225,415 $25.5M Reduce -0.5%
FAST Fastenal Co. 2.63% 527,272 $25.3M Reduce -2.9%
PAYX Paychex Inc. 2.54% 248,007 $24.4M Add +0.7%
XOM Exxon Mobil Corp. 2.44% 171,640 $23.5M Reduce -1.8%
DOV Dover Corp. 2.43% 104,228 $23.4M Reduce -0.8%
CSCO Cisco Systems Inc. 2.39% 195,450 $23.0M Reduce -1.3%
AXP American Express Co. 2.34% 66,425 $22.5M Add +0.5%
MRK Merck & Co. Inc. 2.00% 149,637 $19.2M Reduce -2.2%
PG The Procter & Gamble Co. 1.93% 126,415 $18.5M Reduce -4.8%
BKNG Booking Holdings Inc. 1.77% 95,400 $17.0M Add +0.5%
LSTR Landstar System Inc. 1.44% 67,134 $13.9M Add +0.3%
JPM JPMorgan Chase & Co. 1.42% 41,853 $13.7M Reduce -0.2%
PEP Pepsico Inc. 1.42% 101,089 $13.7M Add +1.1%
ICLR Icon PLC filed as ICON PUB LTD CO 1.42% 78,653 $13.7M Reduce -0.7%
SCHW Schwab (charles) Corp. 1.27% 132,340 $12.2M Add +0.7%
SYK Stryker Corp. 1.23% 37,477 $11.8M Add +0.7%
CVS CVS Health Corp. 1.21% 112,171 $11.6M Reduce -1.1%
BATRK Atlanta Braves Holdings in-C 1.14% 211,315 $11.0M Reduce -5.5%
WAT Waters Corp. 1.13% 28,978 $10.9M Reduce -0.1%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 1.10% 213,830 $10.6M Reduce -1.7%
VOO Vanguard S&P 500 ETF 1.09% 15,319 $10.5M Add +2.2%
CRM Salesforce Inc. 0.93% 56,805 $8.9M Add +0.8%
IJR iShares Core S&P Small-Cap E 0.86% 55,967 $8.3M Reduce -0.3%
GE General Electric filed as GE AEROSPACE 0.86% 22,067 $8.2M Reduce -0.6%
PNC PNC Financial Services Group 0.86% 33,424 $8.2M No change
HD Home Depot Inc. 0.85% 23,058 $8.1M Reduce -0.2%
MDLZ Mondelez International Inc. Class A 0.81% 134,998 $7.8M Reduce -2.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.72% 72,381 $7.0M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 0.70% 112,336 $6.7M Reduce -2.9%
CHDN Churchill Downs Inc. 0.68% 72,654 $6.5M No change
VEA Vanguard Ftse Developed ETF 0.64% 86,150 $6.1M Add +4.3%
PM Philip Morris International 0.55% 29,441 $5.3M No change
KO The Coca-Cola Co. 0.49% 58,529 $4.8M Reduce -5.1%
LLY Eli Lilly & Co. 0.49% 3,923 $4.7M Reduce -3.9%
MDT Medtronic PLC 0.49% 59,803 $4.7M Reduce -2.6%
BRK.A Berkshire Hathaway Inc. Class A 0.47% 6 $4.5M No change
GEV GE Vernova Inc. 0.46% 3,732 $4.4M Reduce -0.8%
HSY The Hershey Co. 0.41% 22,340 $3.9M Reduce -3.8%
CLAR Clarus Corp. 0.41% 1,241,662 $3.9M Add +8.3%
VPL Vanguard Ftse Pacific ETF 0.38% 31,229 $3.6M Reduce -3.7%
ABBV Abbvie Inc. 0.37% 14,215 $3.6M Reduce -6.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.36% 31,148 $3.5M Reduce -0.6%
MCD McDonald's Corp. 0.36% 12,788 $3.5M No change
MO Altria Group Inc. 0.32% 43,227 $3.1M No change
BF.B Brown-Forman Corp. Class B 0.29% 105,035 $2.8M No change
TPB Turning Point Brands Inc. 0.28% 31,470 $2.7M Add +23.6%
CL Colgate-Palmolive Co. 0.26% 27,486 $2.5M No change
VTI VG Morningstar TS MKT ETF-US 0.21% 5,332 $2.0M Reduce -1.4%
VGK Vanguard Ftse Europe ETF 0.20% 22,256 $2.0M No change
ABT Abbott Laboratories 0.20% 21,374 $1.9M Reduce -0.3%
STX Seagate Technology Holdings 0.20% 2,000 $1.9M No change
IVV iShares Core S&P 500 ETF 0.20% 2,557 $1.9M Reduce -4.3%
CVX Chevron Corp. 0.20% 11,543 $1.9M No change
RELL Richardson Elec Ltd. 0.19% 98,316 $1.9M Reduce -26.8%
COHR Coherent Corp. 0.19% 4,600 $1.8M Reduce -6.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 6,033 $1.7M Reduce -1.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 2,204 $1.6M No change
SMG Scotts Miracle-Gro Co. 0.17% 23,735 $1.6M Reduce -13.8%
IWM iShares Russell 2000 ETF 0.15% 4,761 $1.4M No change
VEU Vanguard Ftse All-World Ex-U 0.15% 16,928 $1.4M No change
TFX Teleflex Inc. 0.14% 10,430 $1.3M Reduce -11.7%
KVUE Kenvue Inc. 0.13% 67,054 $1.3M Reduce -0.8%
NKE Nike Inc. Class B 0.13% 30,295 $1.2M Add +7.2%
MMM 3M Co. 0.13% 7,661 $1.2M No change
COST Costco Wholesale Corp. 0.12% 1,278 $1.2M Reduce -1.9%
LRCX Lam Research Corp. 0.12% 2,575 $1.1M Reduce -3.2%
PFE Pfizer Inc. 0.11% 44,962 $1.1M No change
ADP Automatic Data Processing 0.11% 4,700 $1.1M No change
IWR iShares Russell Mid-Cap ETF 0.11% 9,323 $1.0M No change
ORCL Oracle Corp. 0.11% 6,968 $1.0M Reduce -1.5%
RSSS Research Solutions Inc. 0.09% 392,284 $910K No change
YUM Yum! Brands Inc. 0.09% 5,604 $896K No change
AMAT Applied Materials Inc. 0.09% 1,200 $868K No change
MUB iShares National Muni Bond E 0.09% 7,700 $829K New
IWB iShares Russell 1000 ETF 0.08% 1,980 $811K No change
NVDA Nvidia Corp. 0.08% 4,000 $800K Reduce -4.7%
JBL Jabil Inc. 0.08% 2,000 $771K No change
THRY Thryv Holdings Inc. 0.08% 184,717 $728K No change
IVW iShares S&P 500 Growth ETF 0.07% 5,136 $706K No change
MSI Motorola Solutions Inc. 0.07% 1,643 $682K Reduce -2.1%
ZTS Zoetis Inc. 0.07% 9,236 $664K No change
LOW Lowe's Cos Inc. 0.07% 2,971 $655K No change
MA Mastercard Inc. Class A 0.07% 1,243 $638K No change
ETN Eaton Corp. PLC 0.06% 1,425 $607K No change
XLK SS Technology Select Sector 0.06% 2,935 $559K Reduce -5.3%
WM Waste Management Inc. 0.06% 2,500 $557K Reduce -1.5%
CINF Cincinnati Financial Corp. 0.06% 3,000 $555K No change
V Visa Inc. Class A 0.06% 1,617 $555K Reduce -2.8%
JCTC Jewett-Cameron Trading Ltd. 0.05% 217,053 $525K No change
AMZN Amazon.com Inc. 0.05% 2,165 $516K Reduce -4.4%
BF.A Brown-Forman Corp. Class A 0.05% 18,200 $498K No change
RTX RTX Corp. 0.05% 2,428 $461K No change
TFC Truist Financial Corp. 0.05% 9,112 $454K No change
BSX Boston Scientific Corp. 0.05% 10,509 $449K No change
EEM iShares MSCI Emerging Market 0.04% 6,276 $429K No change
CAT Caterpillar Inc. 0.04% 400 $426K No change
USB US Bancorp 0.04% 6,771 $409K No change
GWW WW Grainger Inc. 0.04% 300 $408K No change
T AT&T Inc. 0.04% 18,404 $381K No change
UG United Guardian Inc. 0.04% 50,636 $362K No change
CB Chubb Ltd. 0.04% 1,027 $350K No change
INTU Intuit Inc. 0.03% 1,275 $333K No change
ECL Ecolab Inc. 0.03% 1,184 $330K No change
FLEX Flex Ltd. 0.03% 2,000 $324K New
MCK McKesson Corp. 0.03% 426 $322K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.03% 9,762 $304K No change
COP Conocophillips 0.03% 2,796 $291K No change
IAU iShares Gold Trust 0.03% 3,700 $279K New
EFA iShares MSCI Eafe ETF 0.03% 2,313 $240K No change
AVGO Broadcom Inc. 0.02% 630 $238K Reduce -20.3%
EMR Emerson Electric Co. 0.02% 1,616 $231K No change
RBCAA Republic Bancorp Inc. Class A 0.02% 2,550 $231K New
EW Edwards Lifesciences Corp. 0.02% 2,526 $229K No change
EBAY eBay Inc. 0.02% 2,000 $224K New
YUMC Yum China Holdings Inc. 0.02% 5,404 $221K No change
SO The Southern Co. 0.02% 2,307 $221K No change
IWP iShares Russell Mid-Cap Grow 0.02% 1,474 $216K New
Q Qnity Electronics Inc. 0.02% 1,309 $214K New
IVE iShares S&P 500 Value ETF 0.02% 925 $210K New
MS Morgan Stanley 0.02% 1,000 $209K New
UNH Unitedhealth Group Inc. 0.02% 495 $206K New
KR Kroger Co. 0.02% 3,664 $203K No change
MRSH Marsh & McLennan Cos 0.02% 1,213 $202K Reduce -4.4%
VB Vanguard Most SM-Cap ETF-Usd 0.02% 665 $202K New
F Ford Motor Co. filed as FORD MTR CO 0.02% 11,119 $155K No change

Portfolio Sells Q1 2026 → Q2 2026
XOM Exxon Mobil Corp. Reduce -1.8% 2.44% −0.95
MSFT Microsoft Corp. Reduce -0.3% 8.81% −0.83
WMT Walmart Inc. Reduce -0.5% 2.65% −0.56
META Meta Platforms Inc. Class A Reduce -0.1% 3.96% −0.47
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.1% 7.11% −0.46
PG The Procter & Gamble Co. Reduce -4.8% 1.93% −0.27
FAST Fastenal Co. Reduce -2.9% 2.63% −0.25
JNJ Johnson & Johnson Reduce -0.6% 3.17% −0.21
HSY The Hershey Co. Reduce -3.8% 0.41% −0.14
MDT Medtronic PLC Reduce -2.6% 0.49% −0.12
MRK Merck & Co. Inc. Reduce -2.2% 2.00% −0.11
MDLZ Mondelez International Inc. Class A Reduce -2.4% 0.81% −0.10
DIS The Walt Disney Co. Reduce -1.7% 0.72% −0.09
DOV Dover Corp. Reduce -0.8% 2.43% −0.07
USMV iShares MSCI USA Min Vol Fac Sold out 0.00% −0.07
WSBC Wesbanco Inc. Sold out 0.00% −0.05
ABT Abbott Laboratories Reduce -0.3% 0.20% −0.05
AMGN Amgen Inc. Sold out 0.00% −0.05
KO The Coca-Cola Co. Reduce -5.1% 0.49% −0.04
HON Honeywell International Inc. Sold out 0.00% −0.03
CMCSA Comcast Corp. Class A Sold out 0.00% −0.02
COST Costco Wholesale Corp. Reduce -1.9% 0.12% −0.02
TFX Teleflex Inc. Reduce -11.7% 0.14% −0.02
SMG Scotts Miracle-Gro Co. Reduce -13.8% 0.17% −0.02
HD Home Depot Inc. Reduce -0.2% 0.85% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -2.9% 0.70% −0.02
ORCL Oracle Corp. Reduce -1.5% 0.11% −0.01
MSI Motorola Solutions Inc. Reduce -2.1% 0.07% −0.01
WM Waste Management Inc. Reduce -1.5% 0.06% −0.01
ABBV Abbvie Inc. Reduce -6.6% 0.37% −0.01
MRSH Marsh & McLennan Cos Reduce -4.4% 0.02% −0.00
AVGO Broadcom Inc. Reduce -20.3% 0.02% −0.00
IVV iShares Core S&P 500 ETF Reduce -4.3% 0.20% −0.00
NVDA Nvidia Corp. Reduce -4.7% 0.08% −0.00
AMZN Amazon.com Inc. Reduce -4.4% 0.05% −0.00
KVUE Kenvue Inc. Reduce -0.8% 0.13% 0.00
V Visa Inc. Class A Reduce -2.8% 0.06% +0.00
VTI VG Morningstar TS MKT ETF-US Reduce -1.4% 0.21% +0.01
IBM Intl Business Machines Corp. Reduce -1.3% 0.18% +0.01
XLK SS Technology Select Sector Reduce -5.3% 0.06% +0.01
VPL Vanguard Ftse Pacific ETF Reduce -3.7% 0.38% +0.01
JPM JPMorgan Chase & Co. Reduce -0.2% 1.42% +0.01
SJM The JM Smucker Co. Reduce -0.6% 0.36% +0.02
RELL Richardson Elec Ltd. Reduce -26.8% 0.19% +0.03
BATRK Atlanta Braves Holdings in-C Reduce -5.5% 1.14% +0.05
LRCX Lam Research Corp. Reduce -3.2% 0.12% +0.05
COHR Coherent Corp. Reduce -6.1% 0.19% +0.06
LLY Eli Lilly & Co. Reduce -3.9% 0.49% +0.06
IJR iShares Core S&P Small-Cap E Reduce -0.3% 0.86% +0.07
GEV GE Vernova Inc. Reduce -0.8% 0.46% +0.08

Portfolio Buys Q1 2026 → Q2 2026
LSTR Landstar System Inc. Add +0.3% 1.44% +0.22
MUB iShares National Muni Bond E New 0.09% +0.09
VOO Vanguard S&P 500 ETF Add +2.2% 1.09% +0.07
CLAR Clarus Corp. Add +8.3% 0.41% +0.05
AXP American Express Co. Add +0.5% 2.34% +0.05
FLEX Flex Ltd. New 0.03% +0.03
VEA Vanguard Ftse Developed ETF Add +4.3% 0.64% +0.03
IAU iShares Gold Trust New 0.03% +0.03
TPB Turning Point Brands Inc. Add +23.6% 0.28% +0.02
RBCAA Republic Bancorp Inc. Class A New 0.02% +0.02
EBAY eBay Inc. New 0.02% +0.02
IWP iShares Russell Mid-Cap Grow New 0.02% +0.02
Q Qnity Electronics Inc. New 0.02% +0.02
IVE iShares S&P 500 Value ETF New 0.02% +0.02
MS Morgan Stanley New 0.02% +0.02
UNH Unitedhealth Group Inc. New 0.02% +0.02
VB Vanguard Most SM-Cap ETF-Usd New 0.02% +0.02
NKE Nike Inc. Class B Add +7.2% 0.13% −0.04
PAYX Paychex Inc. Add +0.7% 2.54% −0.06
BKNG Booking Holdings Inc. Add +0.5% 1.77% −0.06
SCHW Schwab (charles) Corp. Add +0.7% 1.27% −0.14
SYK Stryker Corp. Add +0.7% 1.23% −0.17
CRM Salesforce Inc. Add +0.8% 0.93% −0.28
PEP Pepsico Inc. Add +1.1% 1.42% −0.35

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