Round Hill Asset Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Round Hill Asset Management reported 63 stock positions worth $158.7 million. Its top holding was Amgen (AMGN) at 8.5% of the portfolio, followed by S&P Global (SPGI, 8.2%) and Walt Disney (DIS, 5.9%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 7 and reduced 39. The biggest buy was a new position in Garmin and the biggest sale an exit from Garmin (GRMN).
- Most Recent 13F
- Q2 2026
- Location
- PASADENA, CA
- CIK
- 0001696438
- Portfolio Value
- $158.7M (Q4 2025)
- SEC Filing
- 0001696438-26-000001 ↗ filed Feb 12, 2026
Holdings Value
Holdings 63 stocks · $158.7M
| AMGN Amgen Inc. | 8.47% | 41,055 | $13.4M | Reduce -2.9% |
| SPGI S&P Global Inc. | 8.19% | 24,868 | $13.0M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.87% | 81,851 | $9.3M | Reduce -0.2% |
| NDAQ Nasdaq Inc. | 5.41% | 88,387 | $8.6M | Reduce -0.5% |
| CMCSA Comcast Corp. Class A | 5.37% | 285,336 | $8.5M | Add +11.6% |
| MRK Merck & Co. Inc. | 4.82% | 72,739 | $7.7M | Reduce -3.4% |
| SYF Synchrony Financial | 3.98% | 75,733 | $6.3M | Reduce -0.0% |
| PFE Pfizer Inc. | 3.88% | 247,264 | $6.2M | Reduce -0.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 3.13% | 97,660 | $5.0M | Add +29.0% |
| MDT Medtronic PLC | 2.99% | 49,375 | $4.7M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 2.77% | 14,056 | $4.4M | Reduce -14.9% |
| BMY Bristol-Myers Squibb Co. | 2.49% | 73,183 | $3.9M | Add +3.6% |
| C Citigroup Inc. | 2.46% | 33,395 | $3.9M | No change |
| CNXC Concentrix Corp. | 2.29% | 87,392 | $3.6M | Add +193.8% |
| ABBV Abbvie Inc. | 2.23% | 15,480 | $3.5M | Reduce -1.0% |
| MSFT Microsoft Corp. | 2.01% | 6,594 | $3.2M | Reduce -0.8% |
| BZH Beazer Homes USA Inc. | 1.95% | 152,752 | $3.1M | Add +6.2% |
| T AT&T Inc. | 1.82% | 116,011 | $2.9M | Reduce -0.7% |
| PII Polaris Inc. | 1.80% | 45,236 | $2.9M | Reduce -1.4% |
| GARMIN LTD | 1.73% | 13,554 | $2.7M | New |
| MHO M/I Homes Inc. | 1.71% | 21,212 | $2.7M | Reduce -0.9% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 1.50% | 54,606 | $2.4M | Reduce -1.6% |
| FSFG First Savings Financial Grp | 1.38% | 68,821 | $2.2M | No change |
| KVUE Kenvue Inc. | 1.15% | 105,605 | $1.8M | Add +176.7% |
| FLG Flagstar Bank NA | 1.12% | 141,373 | $1.8M | Reduce -0.2% |
| CHTR Charter Communications Inc. Class A | 1.09% | 8,297 | $1.7M | Reduce -3.4% |
| KHC The Kraft Heinz Co. | 1.08% | 70,546 | $1.7M | Add +42.2% |
| MCO Moody's Corp. | 1.01% | 3,149 | $1.6M | Reduce -4.5% |
| ZBH Zimmer Biomet Holdings Inc. | 0.95% | 16,849 | $1.5M | No change |
| WFC Wells Fargo & Co. | 0.86% | 14,690 | $1.4M | Reduce -41.0% |
| RMNI Rimini Street Inc. | 0.85% | 348,798 | $1.4M | Reduce -0.2% |
| ICE Intercontinental Exchange Inc. | 0.84% | 8,192 | $1.3M | No change |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.82% | 20,346 | $1.3M | Reduce -0.9% |
| WSM Williams-Sonoma Inc. | 0.80% | 7,147 | $1.3M | No change |
| V Visa Inc. Class A | 0.80% | 3,631 | $1.3M | Reduce -0.1% |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.80% | 12,925 | $1.3M | Reduce -0.5% |
| HTB Hometrust Bancshares Inc. | 0.69% | 25,596 | $1.1M | Reduce -1.8% |
| DLX Deluxe Corp. | 0.65% | 46,292 | $1.0M | Reduce -0.5% |
| COF Capital One Financial Corp. | 0.65% | 4,225 | $1.0M | Reduce -43.1% |
| IOSP Innospec Inc. | 0.58% | 11,974 | $916K | No change |
| ATKR Atkore Inc. | 0.57% | 14,232 | $900K | Reduce -1.9% |
| WHR Whirlpool Corp. | 0.56% | 12,426 | $896K | Reduce -10.4% |
| MBWM Mercantile Bank Corp. | 0.55% | 18,238 | $877K | Reduce -2.0% |
| MA Mastercard Inc. Class A | 0.53% | 1,470 | $839K | No change |
| META Meta Platforms Inc. Class A | 0.51% | 1,231 | $813K | No change |
| SCI Service Corp. International | 0.50% | 10,105 | $788K | No change |
| BFIN Bankfinancial Corp. | 0.43% | 57,356 | $688K | No change |
| TGNA Tegna Inc. | 0.32% | 26,488 | $514K | No change |
| BHC Bausch Health Cos Inc. | 0.32% | 73,687 | $511K | Reduce -0.5% |
| AAPL Apple Inc. | 0.30% | 1,772 | $482K | Reduce -39.7% |
| NVS Novartis AG-Sponsored ADR | 0.29% | 3,392 | $468K | No change |
| HYNE Hoyne Bancorp Inc. | 0.29% | 31,975 | $463K | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 717 | $360K | Reduce -2.5% |
| IDCC Interdigital Inc. | 0.21% | 1,058 | $337K | No change |
| CME Cme Group Inc. | 0.20% | 1,181 | $323K | Reduce -3.1% |
| NATR Natures Sunshine Prods Inc. | 0.20% | 14,466 | $312K | Reduce -32.5% |
| TCBK Trico Bancshares | 0.20% | 6,544 | $310K | Reduce -1.9% |
| BLFY Blue Foundry Bancorp | 0.19% | 24,683 | $307K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 5,019 | $276K | Reduce -23.7% |
| LSBK Lake Shore Bancorp Inc. | 0.15% | 15,715 | $230K | No change |
| VTRS Viatris Inc. | 0.13% | 16,480 | $205K | Reduce -0.4% |
| GYRO Gyrodyne LLC | 0.07% | 12,189 | $110K | Reduce -19.8% |
| PTEN Patterson-Uti Energy Inc. | 0.05% | 14,134 | $86K | Reduce -12.4% |
Portfolio Sells Q3 2025 → Q4 2025
| GRMN Garmin Ltd. | Sold out | 0.00% | −2.35 |
| WFC Wells Fargo & Co. | Reduce -41.0% | 0.86% | −0.51 |
| CHTR Charter Communications Inc. Class A | Reduce -3.4% | 1.09% | −0.46 |
| COF Capital One Financial Corp. | Reduce -43.1% | 0.65% | −0.39 |
| T AT&T Inc. | Reduce -0.7% | 1.82% | −0.35 |
| HRB H&R Block Inc. | Reduce -1.6% | 1.50% | −0.35 |
| MHO M/I Homes Inc. | Reduce -0.9% | 1.71% | −0.33 |
| DIS The Walt Disney Co. | Reduce -0.2% | 5.87% | −0.31 |
| PFE Pfizer Inc. | Reduce -0.3% | 3.88% | −0.28 |
| MSFT Microsoft Corp. | Reduce -0.8% | 2.01% | −0.26 |
| RMNI Rimini Street Inc. | Reduce -0.2% | 0.85% | −0.22 |
| AAPL Apple Inc. | Reduce -39.7% | 0.30% | −0.19 |
| ABBV Abbvie Inc. | Reduce -1.0% | 2.23% | −0.15 |
| WHR Whirlpool Corp. | Reduce -10.4% | 0.56% | −0.15 |
| SJM The JM Smucker Co. | Reduce -0.5% | 0.80% | −0.13 |
| MDT Medtronic PLC | Reduce -0.6% | 2.99% | −0.13 |
| OGN Organon & Co. | Sold out | 0.00% | −0.09 |
| BAC Bank of America Corp. | Reduce -23.7% | 0.17% | −0.05 |
| ATKR Atkore Inc. | Reduce -1.9% | 0.57% | −0.03 |
| GYRO Gyrodyne LLC | Reduce -19.8% | 0.07% | −0.03 |
| NATR Natures Sunshine Prods Inc. | Reduce -32.5% | 0.20% | −0.02 |
| MCO Moody's Corp. | Reduce -4.5% | 1.01% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.5% | 0.23% | −0.02 |
| V Visa Inc. Class A | Reduce -0.1% | 0.80% | −0.01 |
| CME Cme Group Inc. | Reduce -3.1% | 0.20% | −0.01 |
| HTB Hometrust Bancshares Inc. | Reduce -1.8% | 0.69% | −0.01 |
| PTEN Patterson-Uti Energy Inc. | Reduce -12.4% | 0.05% | −0.00 |
| TCBK Trico Bancshares | Reduce -1.9% | 0.20% | +0.00 |
| MBWM Mercantile Bank Corp. | Reduce -2.0% | 0.55% | +0.00 |
| BHC Bausch Health Cos Inc. | Reduce -0.5% | 0.32% | +0.01 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -0.9% | 0.82% | +0.02 |
| VTRS Viatris Inc. | Reduce -0.4% | 0.13% | +0.02 |
| FLG Flagstar Bank NA | Reduce -0.2% | 1.12% | +0.04 |
| PII Polaris Inc. | Reduce -1.4% | 1.80% | +0.05 |
| DLX Deluxe Corp. | Reduce -0.5% | 0.65% | +0.06 |
| SPGI S&P Global Inc. | Reduce -1.5% | 8.19% | +0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -14.9% | 2.77% | +0.13 |
| NDAQ Nasdaq Inc. | Reduce -0.5% | 5.41% | +0.24 |
| SYF Synchrony Financial | Reduce -0.0% | 3.98% | +0.44 |
| AMGN Amgen Inc. | Reduce -2.9% | 8.47% | +0.61 |
| MRK Merck & Co. Inc. | Reduce -3.4% | 4.82% | +0.67 |
Portfolio Buys Q3 2025 → Q4 2025
| GARMIN LTD | New | 1.73% | +1.73 |
| CNXC Concentrix Corp. | Add +193.8% | 2.29% | +1.39 |
| KVUE Kenvue Inc. | Add +176.7% | 1.15% | +0.74 |
| BMY Bristol-Myers Squibb Co. | Add +3.6% | 2.49% | +0.39 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +29.0% | 3.13% | +0.37 |
| HYNE Hoyne Bancorp Inc. | New | 0.29% | +0.29 |
| KHC The Kraft Heinz Co. | Add +42.2% | 1.08% | +0.23 |
| CMCSA Comcast Corp. Class A | Add +11.6% | 5.37% | +0.09 |
| BZH Beazer Homes USA Inc. | Add +6.2% | 1.95% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $159.3M | AMGN, SPGI, MRK, DIS, CMCSA |
| Q1 2026 | 62 | $152.7M | AMGN, SPGI, MRK, CMCSA, DIS |
| Q4 2025 | 63 | $158.7M | AMGN, SPGI, DIS, NDAQ, CMCSA |
| Q3 2025 | 63 | $151.9M | SPGI, AMGN, DIS, CMCSA, NDAQ |
| Q2 2025 | 61 | $148.1M | SPGI, AMGN, DIS, CMCSA, NDAQ |
| Q1 2025 | 62 | $139.1M | SPGI, AMGN, CMCSA, DIS, MRK |
| Q4 2024 | 61 | $141.8M | SPGI, AMGN, CMCSA, DIS, MRK |
| Q3 2024 | 60 | $151.1M | SPGI, AMGN, CMCSA, MRK, DIS |
| Q2 2024 | 62 | $156.8M | SPGI, AMGN, CMCSA, MCO, MRK |
| Q1 2024 | 60 | $165.2M | SPGI, AMGN, CMCSA, MCO, DIS |