Sandhill Capital Partners LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Sandhill Capital Partners LLC reported 95 stock positions worth $1.3 billion. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 7.5% of the portfolio, followed by Palo Alto Networks (PANW, 6.1%) and ServiceNow (NOW, 5.7%). Compared with Q3 2024, it opened 5 new positions, sold out of 3, added to 21 and reduced 47. The biggest buy was a new position in Aecom (ACM) and the biggest sale Transmedics (TMDX, shares −55%).

Most Recent 13F
Q2 2026
Location
BUFFALO, NY
CIK
0001556245
Portfolio Value
$1.3B (Q4 2024)
SEC Filing
0001556245-25-000001 ↗ filed Feb 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.4B Q3 2024 Q4 2024: $1.3B $1.3B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 95 stocks · $1.3B
BIL SS SPDR BB 1-3M T-Bill ETF 7.54% 1,051,661 $96.2M Reduce -10.2%
PANW Palo Alto Networks Inc. 6.06% 424,601 $77.3M Reduce -6.7%
NOW ServiceNow Inc. 5.70% 68,576 $72.7M Reduce -6.8%
ISRG Intuitive Surgical Inc. 5.31% 129,733 $67.7M Reduce -6.8%
CDNS Cadence Design SYS Inc. 4.53% 192,526 $57.8M Reduce -6.5%
TYL Tyler Technologies Inc. 4.25% 93,909 $54.2M Reduce -6.7%
USB US Bancorp 4.04% 1,078,575 $51.6M Reduce -6.7%
GE General Electric filed as GE AEROSPACE 4.02% 307,210 $51.2M Reduce -6.3%
HUBB Hubbell Inc. 3.78% 115,176 $48.2M Reduce -6.5%
SCHW Schwab (charles) Corp. 3.50% 603,216 $44.6M Reduce -23.4%
UBER Uber Technologies Inc. 3.39% 717,210 $43.3M Reduce -6.3%
SPXC SPX Technologies Inc. 3.26% 286,000 $41.6M Reduce -6.6%
SPGI S&P Global Inc. 3.24% 83,089 $41.4M Reduce -6.2%
SITE Siteone Landscape Supply Inc. 3.19% 309,155 $40.7M Reduce -13.5%
APH Amphenol Corp. Class A 3.17% 581,800 $40.4M Reduce -6.3%
LIN Linde PLC 3.01% 91,559 $38.3M Reduce -5.3%
ACM Aecom 2.90% 345,750 $36.9M New
LFUS Littelfuse Inc. 2.75% 149,105 $35.1M Reduce -5.9%
ILMN Illumina Inc. 2.75% 262,927 $35.1M Reduce -6.6%
BKNG Booking Holdings Inc. 2.42% 6,225 $30.9M Reduce -7.1%
TECH Bio-Techne Corp. 2.37% 420,215 $30.3M Reduce -24.6%
DHR Danaher Corp. 1.77% 98,520 $22.6M Reduce -4.2%
ZTS Zoetis Inc. 1.19% 93,249 $15.2M Reduce -3.3%
CSGP Costar Group Inc. 1.07% 190,371 $13.6M Reduce -20.3%
AAPL Apple Inc. 0.95% 48,522 $12.2M Reduce -0.3%
AVGO Broadcom Inc. 0.94% 51,508 $11.9M Reduce -4.4%
MSFT Microsoft Corp. 0.90% 27,192 $11.5M Reduce -0.3%
TMDX Transmedics Group Inc. 0.87% 178,010 $11.1M Reduce -54.6%
JPM JPMorgan Chase & Co. 0.57% 30,216 $7.2M Reduce -0.8%
BLK BlackRock Inc. 0.55% 6,850 $7.0M Reduce -0.3%
AXP American Express Co. 0.53% 22,846 $6.8M Reduce -1.4%
PG The Procter & Gamble Co. 0.52% 39,367 $6.6M Add +0.6%
CAT Caterpillar Inc. 0.45% 15,978 $5.8M Reduce -0.5%
HD Home Depot Inc. 0.45% 14,687 $5.7M Add +0.2%
UNH Unitedhealth Group Inc. 0.43% 10,967 $5.5M Reduce -0.5%
WM Waste Management Inc. 0.43% 27,266 $5.5M Add +0.2%
JCI Johnson Controls Internation 0.41% 66,949 $5.3M Reduce -1.7%
PAYX Paychex Inc. 0.40% 36,550 $5.1M Add +0.6%
CVX Chevron Corp. 0.39% 34,351 $5.0M Add +0.6%
MCD McDonald's Corp. 0.39% 17,054 $4.9M Add +0.6%
QCOM Qualcomm Inc. 0.38% 31,630 $4.9M Add +0.4%
KO The Coca-Cola Co. 0.35% 72,510 $4.5M Add +1.1%
AMZN Amazon.com Inc. 0.34% 19,932 $4.4M New
TXN Texas Instruments Inc. 0.34% 22,936 $4.3M Add +0.7%
MRK Merck & Co. Inc. 0.33% 42,730 $4.3M Add +0.9%
NKE Nike Inc. Class B 0.32% 53,353 $4.0M Reduce -1.1%
GIS General Mills Inc. 0.31% 61,315 $3.9M Add +1.3%
JNJ Johnson & Johnson 0.30% 26,651 $3.9M Add +0.6%
SYY Sysco Corp. 0.30% 49,850 $3.8M Add +1.3%
TFC Truist Financial Corp. 0.26% 75,668 $3.3M Add +0.2%
BA The Boeing Co. 0.25% 18,018 $3.2M Add +0.5%
VZ Verizon Communications Inc. 0.25% 79,533 $3.2M Add +1.4%
DOW Dow Inc. 0.20% 64,024 $2.6M Reduce -9.6%
IVV iShares Core S&P 500 ETF 0.14% 2,935 $1.7M Reduce -10.7%
ZBH Zimmer Biomet Holdings Inc. 0.12% 14,395 $1.5M Reduce -0.2%
EW Edwards Lifesciences Corp. 0.12% 20,472 $1.5M No change
CCI Crown Castle Inc. 0.11% 15,464 $1.4M Reduce -9.1%
MMM 3M Co. 0.10% 9,936 $1.3M No change
VOO Vanguard S&P 500 ETF 0.08% 1,858 $1.0M Add +41.7%
CL Colgate-Palmolive Co. 0.06% 8,000 $727K No change
BNL Broadstone Net Lease Inc. 0.06% 45,769 $726K No change
IEX Idex Corp. 0.05% 2,907 $608K No change
HON Honeywell International Inc. 0.04% 2,449 $553K Reduce -1.0%
LH Labcorp Holdings Inc. 0.04% 2,400 $550K No change
IEFA iShares Core MSCI Eafe ETF 0.04% 7,727 $543K Reduce -10.4%
IJH iShares Core S&P Midcap ETF 0.04% 8,476 $528K Add +3.0%
INTC Intel Corp. 0.04% 24,918 $500K Add +0.0%
XOM Exxon Mobil Corp. 0.04% 4,644 $500K Reduce -1.7%
ADP Automatic Data Processing 0.04% 1,699 $497K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 4,404 $490K Reduce -1.9%
ADBE Adobe Inc. 0.04% 1,089 $484K Reduce -1.4%
MDLZ Mondelez International Inc. Class A 0.03% 7,043 $421K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.03% 2,229 $419K No change
T AT&T Inc. 0.03% 17,510 $399K Reduce -2.0%
EXR Extra Space Storage Inc. 0.03% 2,588 $387K No change
LHX L3HARRIS Technologies Inc. 0.03% 1,800 $379K No change
URI United Rentals Inc. 0.03% 502 $354K No change
IWM iShares Russell 2000 ETF 0.03% 1,491 $330K Add +47.6%
GGG Graco Inc. 0.03% 3,842 $324K Reduce -1.3%
INTU Intuit Inc. 0.02% 497 $312K No change
LVMUY LVMH Moet Hennessy-Unsp ADR 0.02% 2,359 $308K No change
XLV SS Health Care Select Sector 0.02% 2,081 $286K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.02% 2,476 $265K Add +0.9%
VEEV Veeva Systems Inc. Class A 0.02% 1,200 $252K No change
GLD SPDR Gold Shares 0.02% 939 $227K Reduce -12.6%
NVO Novo-Nordisk A/S-Spons ADR 0.02% 2,582 $222K Reduce -3.7%
TCEHY Tencent Holdings Ltd.-Uns ADR 0.02% 4,146 $220K No change
GOOGL Alphabet Inc. Class A 0.02% 1,157 $219K New
GBTC Grayscale Bitcoin Trust ETF 0.02% 2,935 $217K New
HODL Vaneck Bitcoin ETF 0.02% 1,989 $210K New
PGR Progressive Corp. 0.02% 862 $207K No change
GANX Gain Therapeutics Inc. 0.00% 15,400 $33K No change
WMLLF Wealth Minerals Ltd. 0.00% 117,795 $4K No change
ARBKF Argo Blockchain PLC 0.00% 41,000 $2K No change
RSHN Rushnet Inc. 0.00% 99,999 $20 No change

Portfolio Sells Q3 2024 → Q4 2024
TMDX Transmedics Group Inc. Reduce -54.6% 0.87% −3.52
TECH Bio-Techne Corp. Reduce -24.6% 2.37% −0.80
UBER Uber Technologies Inc. Reduce -6.3% 3.39% −0.71
SITE Siteone Landscape Supply Inc. Reduce -13.5% 3.19% −0.65
GE General Electric Reduce -6.3% 4.02% −0.39
LIN Linde PLC Reduce -5.3% 3.01% −0.28
DHR Danaher Corp. Reduce -4.2% 1.77% −0.26
LFUS Littelfuse Inc. Reduce -5.9% 2.75% −0.24
PFE Pfizer Inc. Sold out 0.00% −0.24
CSGP Costar Group Inc. Reduce -20.3% 1.07% −0.22
SPXC SPX Technologies Inc. Reduce -6.6% 3.26% −0.22
ZTS Zoetis Inc. Reduce -3.3% 1.19% −0.15
SCHW Schwab (charles) Corp. Reduce -23.4% 3.50% −0.14
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -10.2% 7.54% −0.13
DOW Dow Inc. Reduce -9.6% 0.20% −0.07
CCI Crown Castle Inc. Reduce -9.1% 0.11% −0.03
UNH Unitedhealth Group Inc. Reduce -0.5% 0.43% −0.02
NKE Nike Inc. Class B Reduce -1.1% 0.32% −0.02
DHI D.R. Horton Inc. Sold out 0.00% −0.02
SPGI S&P Global Inc. Reduce -6.2% 3.24% −0.02
IEFA iShares Core MSCI Eafe ETF Reduce -10.4% 0.04% −0.01
NVO Novo-Nordisk A/S-Spons ADR Reduce -3.7% 0.02% −0.01
KOS Kosmos Energy Ltd. Sold out 0.00% −0.00
ADBE Adobe Inc. Reduce -1.4% 0.04% −0.00
GLD SPDR Gold Shares Reduce -12.6% 0.02% −0.00
XOM Exxon Mobil Corp. Reduce -1.7% 0.04% −0.00
IVV iShares Core S&P 500 ETF Reduce -10.7% 0.14% +0.00
GGG Graco Inc. Reduce -1.3% 0.03% +0.00
T AT&T Inc. Reduce -2.0% 0.03% +0.00
CAT Caterpillar Inc. Reduce -0.5% 0.45% +0.01
HON Honeywell International Inc. Reduce -1.0% 0.04% +0.01
DIS The Walt Disney Co. Reduce -1.9% 0.04% +0.01
ZBH Zimmer Biomet Holdings Inc. Reduce -0.2% 0.12% +0.01
HUBB Hubbell Inc. Reduce -6.5% 3.78% +0.02
JCI Johnson Controls Internation Reduce -1.7% 0.41% +0.04
TYL Tyler Technologies Inc. Reduce -6.7% 4.25% +0.06
MSFT Microsoft Corp. Reduce -0.3% 0.90% +0.06
AXP American Express Co. Reduce -1.4% 0.53% +0.08
BLK BlackRock Inc. Reduce -0.3% 0.55% +0.09
JPM JPMorgan Chase & Co. Reduce -0.8% 0.57% +0.11
ILMN Illumina Inc. Reduce -6.6% 2.75% +0.14
AAPL Apple Inc. Reduce -0.3% 0.95% +0.14
AVGO Broadcom Inc. Reduce -4.4% 0.94% +0.27
USB US Bancorp Reduce -6.7% 4.04% +0.28
APH Amphenol Corp. Class A Reduce -6.3% 3.17% +0.28
BKNG Booking Holdings Inc. Reduce -7.1% 2.42% +0.41
ISRG Intuitive Surgical Inc. Reduce -6.8% 5.31% +0.43
PANW Palo Alto Networks Inc. Reduce -6.7% 6.06% +0.51
CDNS Cadence Design SYS Inc. Reduce -6.5% 4.53% +0.56
NOW ServiceNow Inc. Reduce -6.8% 5.70% +1.01

Portfolio Buys Q3 2024 → Q4 2024
ACM Aecom New 2.90% +2.90
AMZN Amazon.com Inc. New 0.34% +0.34
BA The Boeing Co. Add +0.5% 0.25% +0.06
PAYX Paychex Inc. Add +0.6% 0.40% +0.05
PG The Procter & Gamble Co. Add +0.6% 0.52% +0.03
CVX Chevron Corp. Add +0.6% 0.39% +0.03
VOO Vanguard S&P 500 ETF Add +41.7% 0.08% +0.03
WM Waste Management Inc. Add +0.2% 0.43% +0.03
TFC Truist Financial Corp. Add +0.2% 0.26% +0.03
SYY Sysco Corp. Add +1.3% 0.30% +0.03
HD Home Depot Inc. Add +0.2% 0.45% +0.02
MCD McDonald's Corp. Add +0.6% 0.39% +0.02
GOOGL Alphabet Inc. Class A New 0.02% +0.02
GBTC Grayscale Bitcoin Trust ETF New 0.02% +0.02
HODL Vaneck Bitcoin ETF New 0.02% +0.02
IWM iShares Russell 2000 ETF Add +47.6% 0.03% +0.01
IJH iShares Core S&P Midcap ETF Add +3.0% 0.04% +0.00
TXN Texas Instruments Inc. Add +0.7% 0.34% +0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.9% 0.02% +0.00
QCOM Qualcomm Inc. Add +0.4% 0.38% −0.00
VZ Verizon Communications Inc. Add +1.4% 0.25% −0.00
INTC Intel Corp. Add +0.0% 0.04% −0.00
JNJ Johnson & Johnson Add +0.6% 0.30% −0.00
MRK Merck & Co. Inc. Add +0.9% 0.33% −0.01
GIS General Mills Inc. Add +1.3% 0.31% −0.01
KO The Coca-Cola Co. Add +1.1% 0.35% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 98$1.2BBIL, APH, GE, TXN, SYK
Q1 2026 95$1.2BBIL, NOW, ACM, SCHW, APH
Q4 2025 104$1.4BBIL, APH, PANW, ISRG, GE
Q3 2025 107$1.4BBIL, PANW, APH, UBER, ACM
Q2 2025 101$1.4BBIL, PANW, GE, NOW, ISRG
Q1 2025 93$1.2BBIL, PANW, GE, ISRG, NOW
Q4 2024 95$1.3BBIL, PANW, NOW, ISRG, CDNS
Q3 2024 93$1.4BBIL, PANW, ISRG, NOW, GE
Q2 2024 88$1.3BBIL, PANW, TMDX, ISRG, NOW
Q1 2024 89$1.2BBIL, PANW, NOW, ISRG, TMDX