Regency Capital Management Inc.\DE
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Regency Capital Management Inc.\DE reported 58 stock positions worth $210.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.2% of the portfolio, followed by Markel (MKL, 6.2%) and Costco Wholesale (COST, 6.2%). Compared with Q2 2025, it opened 9 new positions, sold out of 9, added to 25 and reduced 17. The biggest buy was a new position in American Electric Power (AEP) and the biggest sale Alexander & Baldwin (ALEX, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- HONOLULU, HI
- CIK
- 0001863894
- Portfolio Value
- $210.3M (Q3 2025)
- SEC Filing
- 0001863894-25-000005 ↗ filed Oct 21, 2025
Holdings Value
Holdings 58 stocks · $210.3M
| BRK.B Berkshire Hathaway Inc. Class B | 7.23% | 30,238 | $15.2M | Add +0.5% |
| MKL Markel Group Inc. | 6.20% | 6,825 | $13.0M | Add +0.3% |
| COST Costco Wholesale Corp. | 6.19% | 14,067 | $13.0M | Add +0.5% |
| IAU iShares Gold Trust | 5.98% | 172,804 | $12.6M | Add +1.0% |
| CB Chubb Ltd. | 5.35% | 39,876 | $11.3M | Add +4.8% |
| APH Amphenol Corp. Class A | 5.22% | 88,712 | $11.0M | Reduce -1.8% |
| MSFT Microsoft Corp. | 3.87% | 15,702 | $8.1M | Add +3.0% |
| NVDA Nvidia Corp. | 3.56% | 40,113 | $7.5M | Add +6.4% |
| AAPL Apple Inc. | 3.21% | 26,475 | $6.7M | Add +3.8% |
| AME Ametek Inc. | 3.07% | 34,350 | $6.5M | Add +1.6% |
| AMLP Alerian MLP ETF | 2.69% | 120,703 | $5.7M | Add +20.6% |
| AEP American Electric Power | 2.65% | 49,451 | $5.6M | New |
| VEA Vanguard Ftse Developed ETF | 2.57% | 90,056 | $5.4M | New |
| SHEL Shell PLC-ADR | 2.50% | 73,615 | $5.3M | Add +0.1% |
| RJF Raymond James Financial Inc. | 2.26% | 27,587 | $4.8M | Reduce -0.3% |
| AON Aon PLC Class A | 2.18% | 12,862 | $4.6M | Reduce -3.0% |
| AMZN Amazon.com Inc. | 2.18% | 20,874 | $4.6M | Add +0.2% |
| ASML ASML Holding NV-NY Reg SHS | 2.09% | 4,544 | $4.4M | Reduce -8.0% |
| META Meta Platforms Inc. Class A | 2.02% | 5,788 | $4.3M | Add +1.5% |
| ALLE Allegion PLC | 1.84% | 21,794 | $3.9M | Add +27.0% |
| AFL Aflac Inc. | 1.83% | 34,474 | $3.9M | Reduce -1.6% |
| AURA Aura Biosciences Inc. | 1.80% | 612,689 | $3.8M | Reduce -8.0% |
| PSLV Sprott Physical Silver Trust | 1.75% | 233,725 | $3.7M | Add +11.9% |
| V Visa Inc. Class A | 1.74% | 10,737 | $3.7M | Add +1.9% |
| XOM Exxon Mobil Corp. | 1.72% | 31,992 | $3.6M | Add +1082.3% |
| WCC Wesco International Inc. | 1.53% | 15,203 | $3.2M | New |
| LII Lennox International Inc. | 1.46% | 5,788 | $3.1M | Add +21.9% |
| UNP Union Pacific Corp. | 1.33% | 11,815 | $2.8M | New |
| JAAA Janus Henderson Aaa Clo ETF | 1.28% | 53,126 | $2.7M | Add +20.9% |
| TMO Thermo Fisher Scientific Inc. | 1.28% | 5,558 | $2.7M | Reduce -29.0% |
| AMRZ Amrize Ltd. | 1.04% | 45,233 | $2.2M | New |
| ITOT iShares Core S&P Total U.S. | 0.85% | 12,201 | $1.8M | Add +13.0% |
| SMH Vaneck Semiconductor ETF | 0.82% | 5,305 | $1.7M | Add +86.1% |
| GOVT iShares US Treasury Bond ETF | 0.81% | 73,370 | $1.7M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 0.70% | 6,023 | $1.5M | Add +3.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.66% | 4,219 | $1.4M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.66% | 2,072 | $1.4M | Reduce -0.4% |
| WTM White Mountains Insurance GP | 0.64% | 811 | $1.4M | New |
| CSX CSX Corp. | 0.59% | 34,925 | $1.2M | New |
| ALEX Alexander & Baldwin Inc. | 0.48% | 55,592 | $1.0M | Reduce -89.0% |
| CLS Celestica Inc. | 0.47% | 4,044 | $996K | No change |
| CNM Core & Main Inc. Class A | 0.47% | 18,220 | $981K | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.44% | 1,385 | $927K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.36% | 1 | $754K | No change |
| TSLA Tesla Inc. | 0.34% | 1,613 | $717K | Reduce -10.9% |
| MRSH Marsh & McLennan Cos | 0.29% | 3,008 | $606K | Reduce -37.5% |
| IBIT iShares Bitcoin Trust ETF | 0.26% | 8,260 | $537K | Add +67.6% |
| SGOV iShares 0-3 Month Treasury B | 0.25% | 5,290 | $533K | Reduce -3.3% |
| VECT Vectivbio Holding AG | 0.24% | 510,000 | $510K | No change |
| IWN iShares Russell 2000 Value E | 0.17% | 2,000 | $354K | No change |
| XLK SS Technology Select Sector | 0.15% | 1,152 | $325K | Add +16.8% |
| SPXC SPX Technologies Inc. | 0.14% | 1,546 | $289K | Reduce -3.9% |
| ETHA iShares Ethereum Trust ETF | 0.13% | 8,630 | $272K | New |
| FBTC Fidelity Wise Origin Bitcoin | 0.12% | 2,550 | $255K | Reduce -0.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.11% | 2,675 | $233K | New |
| NFLX Netflix Inc. | 0.10% | 181 | $217K | Add +13.8% |
| MATX Matson Inc. | 0.10% | 2,050 | $202K | No change |
| ZNTL Zentalis Pharmaceuticals Inc. | 0.02% | 29,500 | $45K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| ALEX Alexander & Baldwin Inc. | Reduce -89.0% | 0.48% | −4.24 |
| NWN Northwest Natural Holding Co. | Sold out | 0.00% | −1.54 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −1.34 |
| FTV Fortive Corp. | Sold out | 0.00% | −0.74 |
| L Loews Corp. | Sold out | 0.00% | −0.66 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.46 |
| IEX Idex Corp. | Sold out | 0.00% | −0.46 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.39 |
| AURA Aura Biosciences Inc. | Reduce -8.0% | 1.80% | −0.39 |
| TMO Thermo Fisher Scientific Inc. | Reduce -29.0% | 1.28% | −0.38 |
| ITOS Iteos Therapeutics Inc. | Sold out | 0.00% | −0.30 |
| AON Aon PLC Class A | Reduce -3.0% | 2.18% | −0.30 |
| RAL Ralliant Corp. | Sold out | 0.00% | −0.28 |
| MRSH Marsh & McLennan Cos | Reduce -37.5% | 0.29% | −0.26 |
| CNM Core & Main Inc. Class A | Reduce -1.6% | 0.47% | −0.12 |
| AFL Aflac Inc. | Reduce -1.6% | 1.83% | −0.11 |
| GOVT iShares US Treasury Bond ETF | Reduce -1.4% | 0.81% | −0.09 |
| SGOV iShares 0-3 Month Treasury B | Reduce -3.3% | 0.25% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.4% | 0.66% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.3% | 0.66% | −0.02 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -0.4% | 0.12% | −0.01 |
| SPXC SPX Technologies Inc. | Reduce -3.9% | 0.14% | −0.00 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -8.0% | 2.09% | +0.02 |
| RJF Raymond James Financial Inc. | Reduce -0.3% | 2.26% | +0.04 |
| TSLA Tesla Inc. | Reduce -10.9% | 0.34% | +0.04 |
| APH Amphenol Corp. Class A | Reduce -1.8% | 5.22% | +0.54 |
Portfolio Buys Q2 2025 → Q3 2025
| AEP American Electric Power | New | 2.65% | +2.65 |
| VEA Vanguard Ftse Developed ETF | New | 2.57% | +2.57 |
| XOM Exxon Mobil Corp. | Add +1082.3% | 1.72% | +1.56 |
| WCC Wesco International Inc. | New | 1.53% | +1.53 |
| UNP Union Pacific Corp. | New | 1.33% | +1.33 |
| AMRZ Amrize Ltd. | New | 1.04% | +1.04 |
| WTM White Mountains Insurance GP | New | 0.64% | +0.64 |
| CSX CSX Corp. | New | 0.59% | +0.59 |
| ALLE Allegion PLC | Add +27.0% | 1.84% | +0.54 |
| AAPL Apple Inc. | Add +3.8% | 3.21% | +0.46 |
| NVDA Nvidia Corp. | Add +6.4% | 3.56% | +0.43 |
| SMH Vaneck Semiconductor ETF | Add +86.1% | 0.82% | +0.41 |
| PSLV Sprott Physical Silver Trust | Add +11.9% | 1.75% | +0.40 |
| IAU iShares Gold Trust | Add +1.0% | 5.98% | +0.39 |
| GOOGL Alphabet Inc. Class A | Add +3.7% | 0.70% | +0.16 |
| ETHA iShares Ethereum Trust ETF | New | 0.13% | +0.13 |
| AMLP Alerian MLP ETF | Add +20.6% | 2.69% | +0.13 |
| JAAA Janus Henderson Aaa Clo ETF | Add +20.9% | 1.28% | +0.11 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.11% | +0.11 |
| IBIT iShares Bitcoin Trust ETF | Add +67.6% | 0.26% | +0.10 |
| ITOT iShares Core S&P Total U.S. | Add +13.0% | 0.85% | +0.08 |
| LII Lennox International Inc. | Add +21.9% | 1.46% | +0.03 |
| XLK SS Technology Select Sector | Add +16.8% | 0.15% | +0.02 |
| NFLX Netflix Inc. | Add +13.8% | 0.10% | −0.01 |
| MSFT Microsoft Corp. | Add +3.0% | 3.87% | −0.11 |
| AME Ametek Inc. | Add +1.6% | 3.07% | −0.14 |
| META Meta Platforms Inc. Class A | Add +1.5% | 2.02% | −0.19 |
| SHEL Shell PLC-ADR | Add +0.1% | 2.50% | −0.21 |
| AMZN Amazon.com Inc. | Add +0.2% | 2.18% | −0.22 |
| V Visa Inc. Class A | Add +1.9% | 1.74% | −0.22 |
| CB Chubb Ltd. | Add +4.8% | 5.35% | −0.43 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 7.23% | −0.44 |
| MKL Markel Group Inc. | Add +0.3% | 6.20% | −0.93 |
| COST Costco Wholesale Corp. | Add +0.5% | 6.19% | −1.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 64 | $251.4M | BRK.B, IAU, MKL, APH, COST |
| Q1 2026 | 60 | $223.5M | IAU, BRK.B, COST, MKL, CB |
| Q4 2025 | 62 | $240.4M | BRK.B, MKL, IAU, CB, COST |
| Q3 2025 | 58 | $210.3M | BRK.B, MKL, COST, IAU, CB |
| Q2 2025 | 58 | $190.6M | BRK.B, COST, MKL, CB, IAU |
| Q1 2025 | 43 | $167.3M | BRK.B, COST, MKL, CB, IAU |
| Q4 2024 | 49 | $184.7M | BRK.B, COST, MKL, CB, IAU |
| Q3 2024 | 46 | $182.0M | BRK.B, COST, MKL, CB, GOVT |
| Q2 2024 | 47 | $155.3M | COST, BRK.B, MKL, CRH, SHEL |
| Q1 2024 | 48 | $157.1M | BRK.B, COST, CRH, MKL, SHEL |