Sandhill Capital Partners LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Sandhill Capital Partners LLC reported 107 stock positions worth $1.4 billion. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 6.0% of the portfolio, followed by Palo Alto Networks (PANW, 5.9%) and Amphenol Class A (APH, 5.5%). Compared with Q2 2025, it opened 10 new positions, sold out of 4, added to 27 and reduced 49. The biggest buy was a new position in Arthur J Gallagher (AJG) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −32%).

Most Recent 13F
Q2 2026
Location
BUFFALO, NY
CIK
0001556245
Portfolio Value
$1.4B (Q3 2025)
SEC Filing
0001556245-25-000007 ↗ filed Nov 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 Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.4B $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 107 stocks · $1.4B
BIL SS SPDR BB 1-3M T-Bill ETF 5.96% 929,940 $85.3M Reduce -32.3%
PANW Palo Alto Networks Inc. 5.89% 414,545 $84.4M Reduce -0.9%
APH Amphenol Corp. Class A 5.46% 632,231 $78.2M Reduce -1.0%
UBER Uber Technologies Inc. 4.48% 655,374 $64.2M Reduce -0.7%
ACM Aecom 4.43% 486,768 $63.5M Reduce -0.7%
NOW ServiceNow Inc. 4.34% 67,598 $62.2M Reduce -0.4%
GE General Electric filed as GE AEROSPACE 4.13% 196,540 $59.1M Reduce -33.8%
ANET Arista Networks Inc. 3.94% 387,255 $56.4M Reduce -0.6%
SCHW Schwab (charles) Corp. 3.93% 589,042 $56.2M Reduce -1.1%
SPXC SPX Technologies Inc. 3.68% 282,030 $52.7M Reduce -0.7%
ISRG Intuitive Surgical Inc. 3.67% 117,681 $52.6M Reduce -0.3%
HUBB Hubbell Inc. 3.39% 113,005 $48.6M Reduce -0.7%
USB US Bancorp 3.35% 993,794 $48.0M Reduce -1.6%
TYL Tyler Technologies Inc. 3.28% 89,735 $46.9M Reduce -0.4%
CDNS Cadence Design SYS Inc. 3.25% 132,394 $46.5M Reduce -0.7%
LIN Linde PLC 3.05% 92,062 $43.7M Reduce -0.2%
TT Trane Technologies PLC 2.86% 97,046 $40.9M Add +1.4%
SPGI S&P Global Inc. 2.78% 81,939 $39.9M Reduce -0.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 2.34% 108,253 $33.5M New
BKNG Booking Holdings Inc. 2.33% 6,192 $33.4M Add +0.2%
SITE Siteone Landscape Supply Inc. 2.20% 244,216 $31.5M Reduce -14.0%
TTAN Servicetitan Inc. Class A 1.89% 268,392 $27.1M New
GWRE Guidewire Software Inc. 1.66% 103,328 $23.8M Reduce -0.3%
DHR Danaher Corp. 1.63% 117,431 $23.3M Reduce -19.6%
CR Crane Co. 1.23% 95,368 $17.6M Add +56.2%
MSFT Microsoft Corp. 0.99% 27,503 $14.2M Add +0.4%
AVGO Broadcom Inc. 0.99% 42,855 $14.1M Reduce -15.9%
AAPL Apple Inc. 0.88% 49,245 $12.5M Add +1.4%
SGOV iShares 0-3 Month Treasury B 0.81% 115,276 $11.6M Add +18.7%
JPM JPMorgan Chase & Co. 0.77% 34,937 $11.0M Reduce -1.7%
BLK BlackRock Inc. 0.56% 6,849 $8.0M Reduce -0.3%
CAT Caterpillar Inc. 0.54% 16,098 $7.7M Add +0.1%
AXP American Express Co. 0.53% 22,682 $7.5M Reduce -0.1%
JCI Johnson Controls Internation 0.51% 66,073 $7.3M Reduce -1.4%
PG The Procter & Gamble Co. 0.43% 40,426 $6.2M Add +1.1%
HD Home Depot Inc. 0.42% 15,027 $6.1M Add +1.0%
WM Waste Management Inc. 0.42% 27,478 $6.1M Add +0.5%
CME Cme Group Inc. 0.42% 22,094 $6.0M New
CVX Chevron Corp. 0.38% 34,791 $5.4M Reduce -1.8%
MCD McDonald's Corp. 0.37% 17,527 $5.3M Add +1.5%
GS Goldman Sachs Group Inc. 0.37% 6,674 $5.3M Reduce -0.5%
JNJ Johnson & Johnson 0.36% 28,017 $5.2M Reduce 0.0%
QCOM Qualcomm Inc. 0.36% 31,226 $5.2M Reduce -0.5%
UNH Unitedhealth Group Inc. 0.35% 14,527 $5.0M Reduce -0.1%
KO The Coca-Cola Co. 0.34% 74,169 $4.9M Add +1.2%
V Visa Inc. Class A 0.33% 13,836 $4.7M Add +1.2%
PAYX Paychex Inc. 0.32% 36,597 $4.6M Add +0.0%
AMZN Amazon.com Inc. 0.31% 20,318 $4.5M Add +0.3%
TXN Texas Instruments Inc. 0.31% 23,876 $4.4M Add +0.5%
MRK Merck & Co. Inc. 0.28% 48,094 $4.0M Add +0.3%
CRM Salesforce Inc. 0.28% 16,712 $4.0M Reduce -0.5%
VZ Verizon Communications Inc. 0.25% 81,058 $3.6M Reduce -2.1%
IVV iShares Core S&P 500 ETF 0.13% 2,726 $1.8M Add +1.6%
VOO Vanguard S&P 500 ETF 0.11% 2,549 $1.6M Add +3.5%
ZBH Zimmer Biomet Holdings Inc. 0.10% 14,021 $1.4M Reduce -2.6%
MMM 3M Co. 0.09% 8,536 $1.3M No change
SYY Sysco Corp. 0.09% 16,074 $1.3M Reduce -66.2%
EW Edwards Lifesciences Corp. 0.09% 16,572 $1.3M Reduce -8.3%
IEFA iShares Core MSCI Eafe ETF 0.08% 13,105 $1.1M Add +10.5%
GIS General Mills Inc. 0.06% 17,039 $859K Reduce -0.2%
BNL Broadstone Net Lease Inc. 0.06% 45,769 $818K No change
INTC Intel Corp. 0.06% 23,696 $795K Reduce -4.8%
TSLA Tesla Inc. 0.05% 1,725 $767K Add +6.2%
LH Labcorp Holdings Inc. 0.05% 2,400 $689K No change
DOW Dow Inc. 0.05% 29,180 $669K Reduce -56.8%
VB Vanguard Most SM-Cap ETF-Usd 0.05% 2,612 $664K No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 1,318 $663K New
CL Colgate-Palmolive Co. 0.04% 8,000 $640K No change
LHX L3HARRIS Technologies Inc. 0.04% 1,800 $550K No change
IJH iShares Core S&P Midcap ETF 0.04% 8,157 $532K Reduce -1.1%
XOM Exxon Mobil Corp. 0.04% 4,600 $519K Add +3.2%
ADP Automatic Data Processing 0.03% 1,699 $499K No change
HON Honeywell International Inc. 0.03% 2,290 $482K Add +62.8%
T AT&T Inc. 0.03% 16,772 $474K No change
IEX Idex Corp. 0.03% 2,907 $473K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.03% 2,365 $467K Add +4.3%
MDLZ Mondelez International Inc. Class A 0.03% 6,923 $432K Reduce -1.7%
URI United Rentals Inc. 0.03% 452 $432K No change
ZTS Zoetis Inc. 0.03% 2,750 $402K Reduce -16.1%
IGIB iShares 5-10Y Inv Grade Corp. 0.03% 6,792 $367K Add +2.2%
EXR Extra Space Storage Inc. 0.03% 2,588 $365K No change
GLD SPDR Gold Shares 0.02% 996 $354K Reduce -11.2%
ADBE Adobe Inc. 0.02% 973 $343K Reduce -9.7%
INTU Intuit Inc. 0.02% 497 $339K No change
VCLT Vanguard Long-Term Corp. Bond 0.02% 4,143 $322K No change
TCEHY Tencent Holdings Ltd.-Uns ADR 0.02% 3,646 $310K No change
TMDX Transmedics Group Inc. 0.02% 2,674 $300K Reduce -26.3%
GOOGL Alphabet Inc. Class A 0.02% 1,213 $295K No change
LVMUY LVMH Moet Hennessy-Unsp ADR 0.02% 2,359 $289K Reduce -1.7%
GGG Graco Inc. 0.02% 3,256 $277K Reduce -15.3%
HODL Vaneck Bitcoin ETF 0.02% 8,416 $272K Add +5.8%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.02% 2,417 $269K Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 2,326 $266K No change
LSBK Lake Shore Bancorp Inc. 0.02% 20,000 $260K New
MA Mastercard Inc. Class A 0.02% 431 $245K New
AVUS Avantis U.S. Equity ETF 0.02% 2,017 $219K Reduce -18.7%
PH Parker Hannifin Corp. 0.02% 287 $218K No change
BITB Bitwise Bitcoin ETF 0.02% 3,491 $217K New
DHI D.R. Horton Inc. 0.02% 1,279 $217K New
TFC Truist Financial Corp. 0.02% 4,737 $217K Reduce -0.6%

Show all 107 holdings

Portfolio Sells Q2 2025 → Q3 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -32.3% 5.96% −3.10
GE General Electric Reduce -33.8% 4.13% −1.37
ISRG Intuitive Surgical Inc. Reduce -0.3% 3.67% −0.94
NOW ServiceNow Inc. Reduce -0.4% 4.34% −0.67
TYL Tyler Technologies Inc. Reduce -0.4% 3.28% −0.56
DHR Danaher Corp. Reduce -19.6% 1.63% −0.45
SPGI S&P Global Inc. Reduce -0.7% 2.78% −0.34
SITE Siteone Landscape Supply Inc. Reduce -14.0% 2.20% −0.27
PANW Palo Alto Networks Inc. Reduce -0.9% 5.89% −0.26
SYY Sysco Corp. Reduce -66.2% 0.09% −0.17
GWRE Guidewire Software Inc. Reduce -0.3% 1.66% −0.10
DOW Dow Inc. Reduce -56.8% 0.05% −0.08
LIN Linde PLC Reduce -0.2% 3.05% −0.06
CRM Salesforce Inc. Reduce -0.5% 0.28% −0.05
AVGO Broadcom Inc. Reduce -15.9% 0.99% −0.02
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.02
TMDX Transmedics Group Inc. Reduce -26.3% 0.02% −0.01
EW Edwards Lifesciences Corp. Reduce -8.3% 0.09% −0.01
VZ Verizon Communications Inc. Reduce -2.1% 0.25% −0.01
ZTS Zoetis Inc. Reduce -16.1% 0.03% −0.01
ADBE Adobe Inc. Reduce -9.7% 0.02% −0.01
GGG Graco Inc. Reduce -15.3% 0.02% −0.00
MDLZ Mondelez International Inc. Class A Reduce -1.7% 0.03% −0.00
GIS General Mills Inc. Reduce -0.2% 0.06% −0.00
AVUS Avantis U.S. Equity ETF Reduce -18.7% 0.02% −0.00
LAR Lithium Argentina AG Sold out 0.00% −0.00
JCI Johnson Controls Internation Reduce -1.4% 0.51% −0.00
MINERA ALAMOS INC Sold out 0.00% −0.00
WMLLF Wealth Minerals Ltd. Reduce -58.4% 0.00% 0.00
ARBKF Argo Blockchain PLC Sold out 0.00% 0.00
GLD SPDR Gold Shares Reduce -11.2% 0.02% +0.00
IJH iShares Core S&P Midcap ETF Reduce -1.1% 0.04% +0.00
TFC Truist Financial Corp. Reduce -0.6% 0.02% +0.00
LVMUY LVMH Moet Hennessy-Unsp ADR Reduce -1.7% 0.02% +0.00
ZBH Zimmer Biomet Holdings Inc. Reduce -2.6% 0.10% +0.00
QCOM Qualcomm Inc. Reduce -0.5% 0.36% +0.00
AXP American Express Co. Reduce -0.1% 0.53% +0.01
CVX Chevron Corp. Reduce -1.8% 0.38% +0.01
INTC Intel Corp. Reduce -4.8% 0.06% +0.02
SCHW Schwab (charles) Corp. Reduce -1.1% 3.93% +0.02
UNH Unitedhealth Group Inc. Reduce -0.1% 0.35% +0.02
JPM JPMorgan Chase & Co. Reduce -1.7% 0.77% +0.03
GS Goldman Sachs Group Inc. Reduce -0.5% 0.37% +0.03
BLK BlackRock Inc. Reduce -0.3% 0.56% +0.04
JNJ Johnson & Johnson Reduce 0.0% 0.36% +0.06
HUBB Hubbell Inc. Reduce -0.7% 3.39% +0.06
UBER Uber Technologies Inc. Reduce -0.7% 4.48% +0.06
USB US Bancorp Reduce -1.6% 3.35% +0.07
SPXC SPX Technologies Inc. Reduce -0.7% 3.68% +0.26
CDNS Cadence Design SYS Inc. Reduce -0.7% 3.25% +0.29

Portfolio Buys Q2 2025 → Q3 2025
AJG Arthur J Gallagher & Co. New 2.34% +2.34
TTAN Servicetitan Inc. Class A New 1.89% +1.89
CME Cme Group Inc. New 0.42% +0.42
CR Crane Co. Add +56.2% 1.23% +0.39
AAPL Apple Inc. Add +1.4% 0.88% +0.16
SGOV iShares 0-3 Month Treasury B Add +18.7% 0.81% +0.11
CAT Caterpillar Inc. Add +0.1% 0.54% +0.09
BRK.B Berkshire Hathaway Inc. Class B New 0.05% +0.05
HD Home Depot Inc. Add +1.0% 0.42% +0.03
LSBK Lake Shore Bancorp Inc. New 0.02% +0.02
MA Mastercard Inc. Class A New 0.02% +0.02
TSLA Tesla Inc. Add +6.2% 0.05% +0.02
MSFT Microsoft Corp. Add +0.4% 0.99% +0.02
BITB Bitwise Bitcoin ETF New 0.02% +0.02
DHI D.R. Horton Inc. New 0.02% +0.02
IWM iShares Russell 2000 ETF New 0.01% +0.01
GOLDEN MATRIX GROUP INC New 0.01% +0.01
HON Honeywell International Inc. Add +62.8% 0.03% +0.01
MCD McDonald's Corp. Add +1.5% 0.37% +0.01
MRK Merck & Co. Inc. Add +0.3% 0.28% +0.01
IEFA iShares Core MSCI Eafe ETF Add +10.5% 0.08% +0.01
VOO Vanguard S&P 500 ETF Add +3.5% 0.11% +0.01
IVV iShares Core S&P 500 ETF Add +1.6% 0.13% +0.01
XOM Exxon Mobil Corp. Add +3.2% 0.04% +0.00
HODL Vaneck Bitcoin ETF Add +5.8% 0.02% +0.00
MTB M & T Bank Corp. Add +4.3% 0.03% +0.00
IGIB iShares 5-10Y Inv Grade Corp. Add +2.2% 0.03% +0.00
LQD Ishr Ibx Usd Invgd CB ETF-Ui Add +0.1% 0.02% −0.00
AMZN Amazon.com Inc. Add +0.3% 0.31% −0.01
V Visa Inc. Class A Add +1.2% 0.33% −0.02
PG The Procter & Gamble Co. Add +1.1% 0.43% −0.02
WM Waste Management Inc. Add +0.5% 0.42% −0.03
KO The Coca-Cola Co. Add +1.2% 0.34% −0.03
TXN Texas Instruments Inc. Add +0.5% 0.31% −0.05
PAYX Paychex Inc. Add +0.0% 0.32% −0.06
TT Trane Technologies PLC Add +1.4% 2.86% −0.15
BKNG Booking Holdings Inc. Add +0.2% 2.33% −0.24

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