Sandhill Capital Partners LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Sandhill Capital Partners LLC reported 101 stock positions worth $1.4 billion. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 9.1% of the portfolio, followed by Palo Alto Networks (PANW, 6.2%) and General Electric (GE, 5.5%). Compared with Q1 2025, it opened 12 new positions, sold out of 4, added to 41 and reduced 24. The biggest buy was a new position in Guidewire Software (GWRE) and the biggest sale an exit from Littelfuse (LFUS).

Most Recent 13F
Q2 2026
Location
BUFFALO, NY
CIK
0001556245
Portfolio Value
$1.4B (Q2 2025)
SEC Filing
0001556245-25-000004 ↗ filed Aug 12, 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 Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.4B $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 101 stocks · $1.4B
BIL SS SPDR BB 1-3M T-Bill ETF 9.05% 1,373,487 $126.0M Add +3.6%
PANW Palo Alto Networks Inc. 6.15% 418,402 $85.6M Add +0.5%
GE General Electric filed as GE AEROSPACE 5.49% 297,030 $76.5M Reduce -1.5%
NOW ServiceNow Inc. 5.01% 67,863 $69.8M Add +0.8%
ISRG Intuitive Surgical Inc. 4.61% 118,093 $64.2M Add +0.7%
APH Amphenol Corp. Class A 4.53% 638,691 $63.1M Add +0.4%
UBER Uber Technologies Inc. 4.42% 660,083 $61.6M Reduce -3.4%
ACM Aecom 3.97% 489,936 $55.3M Add +0.2%
SCHW Schwab (charles) Corp. 3.90% 595,557 $54.3M Add +0.5%
TYL Tyler Technologies Inc. 3.84% 90,097 $53.4M Add +0.8%
SPXC SPX Technologies Inc. 3.42% 284,051 $47.6M Add +0.7%
HUBB Hubbell Inc. 3.34% 113,787 $46.5M Add +0.3%
USB US Bancorp 3.28% 1,010,087 $45.7M Add +1.1%
SPGI S&P Global Inc. 3.12% 82,472 $43.5M Add +0.7%
LIN Linde PLC 3.11% 92,228 $43.3M Add +1.3%
TT Trane Technologies PLC 3.01% 95,749 $41.9M Add +0.2%
CDNS Cadence Design SYS Inc. 2.95% 133,347 $41.1M Reduce -29.6%
ANET Arista Networks Inc. 2.86% 389,433 $39.8M Add +54.0%
BKNG Booking Holdings Inc. 2.57% 6,178 $35.8M Add +0.9%
SITE Siteone Landscape Supply Inc. 2.47% 283,855 $34.3M Reduce -6.9%
DHR Danaher Corp. 2.07% 146,121 $28.9M Reduce -2.3%
GWRE Guidewire Software Inc. 1.75% 103,673 $24.4M New
AVGO Broadcom Inc. 1.01% 50,981 $14.1M Reduce -0.2%
MSFT Microsoft Corp. 0.98% 27,390 $13.6M Add +0.1%
CR Crane Co. 0.83% 61,072 $11.6M New
JPM JPMorgan Chase & Co. 0.74% 35,530 $10.3M Add +17.4%
AAPL Apple Inc. 0.72% 48,563 $10.0M Add +0.5%
SGOV iShares 0-3 Month Treasury B 0.70% 97,081 $9.8M New
AXP American Express Co. 0.52% 22,713 $7.2M Reduce -0.5%
BLK BlackRock Inc. 0.52% 6,871 $7.2M Reduce -0.1%
JCI Johnson Controls Internation 0.51% 66,992 $7.1M Reduce -0.6%
PG The Procter & Gamble Co. 0.46% 39,971 $6.4M Add +0.7%
WM Waste Management Inc. 0.45% 27,355 $6.3M Reduce -0.1%
CAT Caterpillar Inc. 0.45% 16,086 $6.2M Add +0.1%
HD Home Depot Inc. 0.39% 14,881 $5.5M Add +0.5%
PAYX Paychex Inc. 0.38% 36,589 $5.3M Reduce -0.5%
KO The Coca-Cola Co. 0.37% 73,277 $5.2M Reduce -0.1%
CVX Chevron Corp. 0.36% 35,425 $5.1M Add +2.0%
MCD McDonald's Corp. 0.36% 17,261 $5.0M Add +0.2%
QCOM Qualcomm Inc. 0.36% 31,390 $5.0M Reduce -1.6%
TXN Texas Instruments Inc. 0.35% 23,747 $4.9M Add +2.2%
V Visa Inc. Class A 0.35% 13,667 $4.9M New
GS Goldman Sachs Group Inc. 0.34% 6,705 $4.7M Add +2.7%
CRM Salesforce Inc. 0.33% 16,799 $4.6M Add +0.4%
UNH Unitedhealth Group Inc. 0.33% 14,542 $4.5M Add +32.6%
AMZN Amazon.com Inc. 0.32% 20,252 $4.4M Add +0.3%
JNJ Johnson & Johnson 0.31% 28,018 $4.3M Add +1.2%
MRK Merck & Co. Inc. 0.27% 47,973 $3.8M Add +3.5%
SYY Sysco Corp. 0.26% 47,547 $3.6M Reduce -7.8%
VZ Verizon Communications Inc. 0.26% 82,806 $3.6M Add +0.5%
DOW Dow Inc. 0.13% 67,467 $1.8M Add +2.7%
IVV iShares Core S&P 500 ETF 0.12% 2,683 $1.7M Reduce -5.6%
EW Edwards Lifesciences Corp. 0.10% 18,072 $1.4M No change
VOO Vanguard S&P 500 ETF 0.10% 2,462 $1.4M Add +12.5%
ZBH Zimmer Biomet Holdings Inc. 0.09% 14,395 $1.3M No change
MMM 3M Co. 0.09% 8,536 $1.3M No change
IEFA iShares Core MSCI Eafe ETF 0.07% 11,856 $990K Add +14.8%
GIS General Mills Inc. 0.06% 17,066 $884K Reduce -65.2%
BNL Broadstone Net Lease Inc. 0.05% 45,769 $735K No change
CL Colgate-Palmolive Co. 0.05% 8,000 $727K No change
LH Labcorp Holdings Inc. 0.05% 2,400 $630K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 2,612 $619K Reduce -1.2%
INTC Intel Corp. 0.04% 24,896 $558K No change
ADP Automatic Data Processing 0.04% 1,699 $524K No change
TSLA Tesla Inc. 0.04% 1,625 $516K New
IJH iShares Core S&P Midcap ETF 0.04% 8,250 $512K Reduce -6.4%
ZTS Zoetis Inc. 0.04% 3,276 $511K Reduce -96.5%
IEX Idex Corp. 0.04% 2,907 $510K No change
TMDX Transmedics Group Inc. 0.03% 3,627 $486K No change
T AT&T Inc. 0.03% 16,772 $485K Reduce -0.7%
XOM Exxon Mobil Corp. 0.03% 4,458 $481K No change
MDLZ Mondelez International Inc. Class A 0.03% 7,043 $475K No change
LHX L3HARRIS Technologies Inc. 0.03% 1,800 $452K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.03% 2,267 $440K Add +3.4%
ADBE Adobe Inc. 0.03% 1,077 $417K Reduce -1.0%
INTU Intuit Inc. 0.03% 497 $391K No change
EXR Extra Space Storage Inc. 0.03% 2,588 $382K No change
IGIB iShares 5-10Y Inv Grade Corp. 0.03% 6,646 $354K Add +66.4%
GLD SPDR Gold Shares 0.02% 1,121 $342K Add +17.0%
URI United Rentals Inc. 0.02% 452 $341K No change
GGG Graco Inc. 0.02% 3,842 $330K No change
HON Honeywell International Inc. 0.02% 1,407 $328K Reduce -42.5%
VCLT Vanguard Long-Term Corp. Bond 0.02% 4,143 $314K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,326 $288K Reduce -20.5%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.02% 2,415 $265K Add +0.1%
LVMUY LVMH Moet Hennessy-Unsp ADR 0.02% 2,399 $252K Add +1.7%
AVUS Avantis U.S. Equity ETF 0.02% 2,482 $250K New
HODL Vaneck Bitcoin ETF 0.02% 7,956 $242K New
TCEHY Tencent Holdings Ltd.-Uns ADR 0.02% 3,646 $235K No change
PGR Progressive Corp. 0.02% 862 $230K No change
GBTC Grayscale Bitcoin Trust ETF 0.02% 2,612 $222K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 730 $215K New
GOOGL Alphabet Inc. Class A 0.02% 1,213 $214K New
TFC Truist Financial Corp. 0.01% 4,766 $205K Reduce -94.2%
PH Parker Hannifin Corp. 0.01% 287 $200K New
LAR Lithium Argentina AG 0.00% 14,048 $29K Add +2.3%
GANX Gain Therapeutics Inc. 0.00% 15,400 $28K No change
MINERA ALAMOS INC 0.00% 20,000 $5K New
WMLLF Wealth Minerals Ltd. 0.00% 42,795 $1K No change
ARBKF Argo Blockchain PLC 0.00% 26,000 $452 No change

Show all 101 holdings

Portfolio Sells Q1 2025 → Q2 2025
LFUS Littelfuse Inc. Sold out 0.00% −2.39
ZTS Zoetis Inc. Reduce -96.5% 0.04% −1.23
CDNS Cadence Design SYS Inc. Reduce -29.6% 2.95% −1.01
SITE Siteone Landscape Supply Inc. Reduce -6.9% 2.47% −0.58
DHR Danaher Corp. Reduce -2.3% 2.07% −0.45
NKE Nike Inc. Class B Sold out 0.00% −0.30
TFC Truist Financial Corp. Reduce -94.2% 0.01% −0.26
GIS General Mills Inc. Reduce -65.2% 0.06% −0.18
PAYX Paychex Inc. Reduce -0.5% 0.38% −0.08
WM Waste Management Inc. Reduce -0.1% 0.45% −0.07
KO The Coca-Cola Co. Reduce -0.1% 0.37% −0.06
SYY Sysco Corp. Reduce -7.8% 0.26% −0.06
QCOM Qualcomm Inc. Reduce -1.6% 0.36% −0.04
HON Honeywell International Inc. Reduce -42.5% 0.02% −0.02
IWM iShares Russell 2000 ETF Sold out 0.00% −0.02
BLK BlackRock Inc. Reduce -0.1% 0.52% −0.02
IVV iShares Core S&P 500 ETF Reduce -5.6% 0.12% −0.01
IJH iShares Core S&P Midcap ETF Reduce -6.4% 0.04% −0.01
T AT&T Inc. Reduce -0.7% 0.03% −0.00
ADBE Adobe Inc. Reduce -1.0% 0.03% −0.00
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.2% 0.04% −0.00
DIS The Walt Disney Co. Reduce -20.5% 0.02% −0.00
RSHN Rushnet Inc. Sold out 0.00% 0.00
AXP American Express Co. Reduce -0.5% 0.52% +0.02
JCI Johnson Controls Internation Reduce -0.6% 0.51% +0.06
AVGO Broadcom Inc. Reduce -0.2% 1.01% +0.31
UBER Uber Technologies Inc. Reduce -3.4% 4.42% +0.33
GE General Electric Reduce -1.5% 5.49% +0.53

Portfolio Buys Q1 2025 → Q2 2025
GWRE Guidewire Software Inc. New 1.75% +1.75
ANET Arista Networks Inc. Add +54.0% 2.86% +1.25
APH Amphenol Corp. Class A Add +0.4% 4.53% +1.10
CR Crane Co. New 0.83% +0.83
SGOV iShares 0-3 Month Treasury B New 0.70% +0.70
NOW ServiceNow Inc. Add +0.8% 5.01% +0.61
SPXC SPX Technologies Inc. Add +0.7% 3.42% +0.43
TT Trane Technologies PLC Add +0.2% 3.01% +0.36
V Visa Inc. Class A New 0.35% +0.35
PANW Palo Alto Networks Inc. Add +0.5% 6.15% +0.31
HUBB Hubbell Inc. Add +0.3% 3.34% +0.25
BKNG Booking Holdings Inc. Add +0.9% 2.57% +0.25
ACM Aecom Add +0.2% 3.97% +0.24
MSFT Microsoft Corp. Add +0.1% 0.98% +0.13
JPM JPMorgan Chase & Co. Add +17.4% 0.74% +0.13
SCHW Schwab (charles) Corp. Add +0.5% 3.90% +0.09
GS Goldman Sachs Group Inc. Add +2.7% 0.34% +0.05
TSLA Tesla Inc. New 0.04% +0.04
AVUS Avantis U.S. Equity ETF New 0.02% +0.02
HODL Vaneck Bitcoin ETF New 0.02% +0.02
GBTC Grayscale Bitcoin Trust ETF New 0.02% +0.02
IBM Intl Business Machines Corp. New 0.02% +0.02
GOOGL Alphabet Inc. Class A New 0.02% +0.02
PH Parker Hannifin Corp. New 0.01% +0.01
CAT Caterpillar Inc. Add +0.1% 0.45% +0.01
TXN Texas Instruments Inc. Add +2.2% 0.35% +0.01
IGIB iShares 5-10Y Inv Grade Corp. Add +66.4% 0.03% +0.01
VOO Vanguard S&P 500 ETF Add +12.5% 0.10% +0.01
IEFA iShares Core MSCI Eafe ETF Add +14.8% 0.07% +0.01
AMZN Amazon.com Inc. Add +0.3% 0.32% +0.00
GLD SPDR Gold Shares Add +17.0% 0.02% +0.00
MINERA ALAMOS INC New 0.00% +0.00
LAR Lithium Argentina AG Add +2.3% 0.00% −0.00
MTB M & T Bank Corp. Add +3.4% 0.03% −0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.1% 0.02% −0.00
LVMUY LVMH Moet Hennessy-Unsp ADR Add +1.7% 0.02% −0.01
CRM Salesforce Inc. Add +0.4% 0.33% −0.04
VZ Verizon Communications Inc. Add +0.5% 0.26% −0.05
HD Home Depot Inc. Add +0.5% 0.39% −0.05
DOW Dow Inc. Add +2.7% 0.13% −0.06
MRK Merck & Co. Inc. Add +3.5% 0.27% −0.07
JNJ Johnson & Johnson Add +1.2% 0.31% −0.07
MCD McDonald's Corp. Add +0.2% 0.36% −0.08
PG The Procter & Gamble Co. Add +0.7% 0.46% −0.10
CVX Chevron Corp. Add +2.0% 0.36% −0.11
UNH Unitedhealth Group Inc. Add +32.6% 0.33% −0.15
ISRG Intuitive Surgical Inc. Add +0.7% 4.61% −0.17
AAPL Apple Inc. Add +0.5% 0.72% −0.17
USB US Bancorp Add +1.1% 3.28% −0.19
SPGI S&P Global Inc. Add +0.7% 3.12% −0.30

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