Round Hill Asset Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Round Hill Asset Management reported 63 stock positions worth $151.9 million. Its top holding was S&P Global (SPGI) at 8.1% of the portfolio, followed by Amgen (AMGN, 7.9%) and Walt Disney (DIS, 6.2%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 7 and reduced 24. The biggest buy was a new position in Concentrix (CNXC) and the biggest sale S&P Global (SPGI, shares −7%).

Most Recent 13F
Q2 2026
Location
PASADENA, CA
CIK
0001696438
Portfolio Value
$151.9M (Q3 2025)
SEC Filing
0001696438-25-000007 ↗ filed Nov 12, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $165.2M Q1 2024 Q2 2024: $156.8M Q2 2024 Q3 2024: $151.1M Q3 2024 Q4 2024: $141.8M Q4 2024 Q1 2025: $139.1M Q1 2025 Q2 2025: $148.1M Q2 2025 Q3 2025: $151.9M $151.9M Q3 2025 Q4 2025: $158.7M Q4 2025 Q1 2026: $152.7M Q1 2026 Q2 2026: $159.3M Q2 2026

Holdings 63 stocks · $151.9M
SPGI S&P Global Inc. 8.09% 25,236 $12.3M Reduce -6.8%
AMGN Amgen Inc. 7.86% 42,293 $11.9M Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 6.18% 82,016 $9.4M Reduce -0.1%
CMCSA Comcast Corp. Class A 5.29% 255,671 $8.0M Add +1.7%
NDAQ Nasdaq Inc. 5.17% 88,827 $7.9M Reduce -0.5%
PFE Pfizer Inc. 4.16% 248,019 $6.3M Add +0.1%
MRK Merck & Co. Inc. 4.16% 75,265 $6.3M No change
SYF Synchrony Financial 3.54% 75,767 $5.4M Reduce -0.5%
MDT Medtronic PLC 3.11% 49,680 $4.7M Reduce -0.1%
NVO Novo-Nordisk A/S-Spons ADR 2.77% 75,725 $4.2M Add +32.8%
GOOGL Alphabet Inc. Class A 2.64% 16,519 $4.0M Reduce -0.1%
ABBV Abbvie Inc. 2.38% 15,638 $3.6M No change
GRMN Garmin Ltd. 2.35% 14,469 $3.6M Reduce -0.9%
BZH Beazer Homes USA Inc. 2.32% 143,808 $3.5M Add +6.4%
MSFT Microsoft Corp. 2.27% 6,646 $3.4M Reduce -13.5%
C Citigroup Inc. 2.23% 33,395 $3.4M Reduce -0.3%
T AT&T Inc. 2.17% 116,779 $3.3M Reduce -0.2%
BMY Bristol-Myers Squibb Co. 2.10% 70,651 $3.2M Add +54.5%
MHO M/I Homes Inc. 2.04% 21,407 $3.1M Reduce -0.1%
HRB H&R Block Inc. filed as BLOCK H & R INC 1.85% 55,506 $2.8M Reduce -0.4%
PII Polaris Inc. 1.76% 45,886 $2.7M Reduce -0.1%
CHTR Charter Communications Inc. Class A 1.56% 8,593 $2.4M No change
FSFG First Savings Financial Grp 1.42% 68,821 $2.2M No change
WFC Wells Fargo & Co. 1.37% 24,912 $2.1M Reduce -12.4%
ZBH Zimmer Biomet Holdings Inc. 1.09% 16,849 $1.7M No change
FLG Flagstar Bank NA 1.08% 141,639 $1.6M No change
RMNI Rimini Street Inc. 1.08% 349,398 $1.6M Reduce -5.2%
COF Capital One Financial Corp. 1.04% 7,432 $1.6M Reduce -35.3%
MCO Moody's Corp. 1.03% 3,299 $1.6M No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.93% 12,986 $1.4M Reduce -0.5%
WSM Williams-Sonoma Inc. 0.92% 7,147 $1.4M No change
ICE Intercontinental Exchange Inc. 0.91% 8,192 $1.4M Reduce -1.3%
CNXC Concentrix Corp. 0.90% 29,743 $1.4M New
KHC The Kraft Heinz Co. 0.85% 49,624 $1.3M Add +28.9%
V Visa Inc. Class A 0.82% 3,636 $1.2M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.81% 20,529 $1.2M Reduce -0.4%
WHR Whirlpool Corp. 0.72% 13,874 $1.1M No change
HTB Hometrust Bancshares Inc. 0.70% 26,066 $1.1M No change
IOSP Innospec Inc. 0.61% 11,974 $924K No change
ATKR Atkore Inc. 0.60% 14,507 $910K Add +59.5%
META Meta Platforms Inc. Class A 0.60% 1,231 $904K Reduce -16.9%
DLX Deluxe Corp. 0.59% 46,508 $900K Reduce -0.7%
SCI Service Corp. International 0.55% 10,105 $841K No change
MBWM Mercantile Bank Corp. 0.55% 18,607 $837K No change
MA Mastercard Inc. Class A 0.55% 1,470 $836K No change
AAPL Apple Inc. 0.49% 2,940 $749K Reduce -0.5%
BFIN Bankfinancial Corp. 0.45% 57,356 $690K No change
KVUE Kenvue Inc. 0.41% 38,173 $620K New
TGNA Tegna Inc. 0.35% 26,488 $539K No change
BHC Bausch Health Cos Inc. 0.31% 74,087 $478K No change
NVS Novartis AG-Sponsored ADR 0.29% 3,392 $435K No change
BRK.B Berkshire Hathaway Inc. Class B 0.24% 735 $370K No change
IDCC Interdigital Inc. 0.24% 1,058 $365K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.22% 6,579 $339K Reduce -25.9%
NATR Natures Sunshine Prods Inc. 0.22% 21,423 $332K No change
CME Cme Group Inc. 0.22% 1,219 $329K No change
TCBK Trico Bancshares 0.20% 6,674 $296K No change
BLFY Blue Foundry Bancorp 0.15% 24,683 $224K No change
LSBK Lake Shore Bancorp Inc. 0.13% 15,715 $204K New
VTRS Viatris Inc. 0.11% 16,540 $164K No change
GYRO Gyrodyne LLC 0.10% 15,188 $152K No change
OGN Organon & Co. 0.09% 13,366 $143K No change
PTEN Patterson-Uti Energy Inc. 0.06% 16,134 $84K No change

Portfolio Sells Q2 2025 → Q3 2025
SPGI S&P Global Inc. Reduce -6.8% 8.09% −1.55
DIS The Walt Disney Co. Reduce -0.1% 6.18% −0.69
COF Capital One Financial Corp. Reduce -35.3% 1.04% −0.61
PARAA Paramount Global Class B Sold out 0.00% −0.52
MSFT Microsoft Corp. Reduce -13.5% 2.27% −0.31
NDAQ Nasdaq Inc. Reduce -0.5% 5.17% −0.22
HRB H&R Block Inc. Reduce -0.4% 1.85% −0.22
WFC Wells Fargo & Co. Reduce -12.4% 1.37% −0.16
BUD Anheuser-Busch Inbev-SPN ADR Reduce -0.4% 0.81% −0.15
META Meta Platforms Inc. Class A Reduce -16.9% 0.60% −0.14
AMGN Amgen Inc. Reduce -0.1% 7.86% −0.12
ICE Intercontinental Exchange Inc. Reduce -1.3% 0.91% −0.12
T AT&T Inc. Reduce -0.2% 2.17% −0.11
BAC Bank of America Corp. Reduce -25.9% 0.22% −0.06
SJM The JM Smucker Co. Reduce -0.5% 0.93% +0.06
AAPL Apple Inc. Reduce -0.5% 0.49% +0.08
DLX Deluxe Corp. Reduce -0.7% 0.59% +0.09
SYF Synchrony Financial Reduce -0.5% 3.54% +0.11
RMNI Rimini Street Inc. Reduce -5.2% 1.08% +0.14
MDT Medtronic PLC Reduce -0.1% 3.11% +0.19
GRMN Garmin Ltd. Reduce -0.9% 2.35% +0.29
C Citigroup Inc. Reduce -0.3% 2.23% +0.31
MHO M/I Homes Inc. Reduce -0.1% 2.04% +0.41
PII Polaris Inc. Reduce -0.1% 1.76% +0.50
GOOGL Alphabet Inc. Class A Reduce -0.1% 2.64% +0.68

Portfolio Buys Q2 2025 → Q3 2025
CNXC Concentrix Corp. New 0.90% +0.90
BMY Bristol-Myers Squibb Co. Add +54.5% 2.10% +0.67
KVUE Kenvue Inc. New 0.41% +0.41
BZH Beazer Homes USA Inc. Add +6.4% 2.32% +0.28
KHC The Kraft Heinz Co. Add +28.9% 0.85% +0.18
ATKR Atkore Inc. Add +59.5% 0.60% +0.17
LSBK Lake Shore Bancorp Inc. New 0.13% +0.13
NVO Novo-Nordisk A/S-Spons ADR Add +32.8% 2.77% +0.11
PFE Pfizer Inc. Add +0.1% 4.16% +0.11
CMCSA Comcast Corp. Class A Add +1.7% 5.29% −0.77

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 62$159.3MAMGN, SPGI, MRK, DIS, CMCSA
Q1 2026 62$152.7MAMGN, SPGI, MRK, CMCSA, DIS
Q4 2025 63$158.7MAMGN, SPGI, DIS, NDAQ, CMCSA
Q3 2025 63$151.9MSPGI, AMGN, DIS, CMCSA, NDAQ
Q2 2025 61$148.1MSPGI, AMGN, DIS, CMCSA, NDAQ
Q1 2025 62$139.1MSPGI, AMGN, CMCSA, DIS, MRK
Q4 2024 61$141.8MSPGI, AMGN, CMCSA, DIS, MRK
Q3 2024 60$151.1MSPGI, AMGN, CMCSA, MRK, DIS
Q2 2024 62$156.8MSPGI, AMGN, CMCSA, MCO, MRK
Q1 2024 60$165.2MSPGI, AMGN, CMCSA, MCO, DIS