Seascape Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Seascape Capital Management reported 100 stock positions worth $286.7 million. Its top holding was Doubleline Oppor Cor BND-Usd (DBND) at 8.7% of the portfolio, followed by FT Core Investment Grade ETF (FTCB, 7.9%) and iShares MSCI Emr MRK Ex Chna (EMXC, 5.4%). Compared with Q4 2024, it opened 5 new positions, sold out of 4, added to 38 and reduced 44. The biggest buy was a new position in FT Core Investment Grade ETF (FTCB) and the biggest sale First Trust Smith Opportunis (FIXD, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- PORTSMOUTH, NH
- CIK
- 0001418342
- Portfolio Value
- $286.7M (Q1 2025)
- SEC Filing
- 0001418342-25-000004 ↗ filed Apr 29, 2025
Holdings Value
Holdings 100 stocks · $286.7M
| DBND Doubleline Oppor Cor BND-Usd | 8.73% | 541,805 | $25.0M | Add +12.8% |
| FTCB FT Core Investment Grade ETF | 7.92% | 1,082,181 | $22.7M | New |
| EMXC iShares MSCI Emr MRK Ex Chna | 5.40% | 280,899 | $15.5M | Add +4.1% |
| GOVT iShares US Treasury Bond ETF | 4.07% | 507,620 | $11.7M | Add +1.8% |
| DCRE DBL Comm Real Est Debt | 2.67% | 147,423 | $7.6M | Add +7.1% |
| JPIE JPMorgan Income ETF | 2.62% | 163,049 | $7.5M | Add +10.5% |
| AAPL Apple Inc. | 2.34% | 30,163 | $6.7M | Reduce -1.3% |
| NRG NRG Energy Inc. | 2.00% | 60,141 | $5.7M | Reduce -13.7% |
| ABBV Abbvie Inc. | 1.98% | 27,073 | $5.7M | Reduce -1.7% |
| V Visa Inc. Class A | 1.97% | 16,103 | $5.6M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 1.93% | 22,598 | $5.5M | Reduce -2.5% |
| WSM Williams-Sonoma Inc. | 1.87% | 33,912 | $5.4M | Reduce -23.1% |
| PHM Pultegroup Inc. | 1.76% | 49,076 | $5.0M | Reduce -1.6% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.73% | 239,389 | $5.0M | Add +20.6% |
| NVDA Nvidia Corp. | 1.71% | 45,127 | $4.9M | Add +4.2% |
| DFS Discover Financial Services | 1.68% | 28,267 | $4.8M | Add +0.5% |
| MLPX Global X MLP & Energy Infras | 1.66% | 74,765 | $4.8M | Add +4.9% |
| ORLY O'reilly Automotive Inc. | 1.66% | 3,319 | $4.8M | Reduce -2.8% |
| HCA HCA Healthcare Inc. | 1.64% | 13,575 | $4.7M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 1.63% | 30,162 | $4.7M | Reduce -1.2% |
| BKNG Booking Holdings Inc. | 1.61% | 1,004 | $4.6M | Reduce -0.1% |
| CAT Caterpillar Inc. | 1.61% | 14,003 | $4.6M | Add +1.4% |
| AON Aon PLC Class A | 1.52% | 10,940 | $4.4M | Add +2.7% |
| RELX Relx PLC - Spon ADR | 1.51% | 85,833 | $4.3M | Reduce -1.2% |
| APP AppLovin Corp. Class A | 1.42% | 15,372 | $4.1M | Reduce -41.4% |
| CHD Church & Dwight Co. Inc. | 1.41% | 36,834 | $4.1M | Reduce -1.9% |
| SHW The Sherwin-Williams Co. | 1.41% | 11,535 | $4.0M | Add +0.5% |
| FTNT Fortinet Inc. | 1.32% | 39,218 | $3.8M | Add +1.1% |
| NWG Natwest Group PLC -Spon ADR | 1.29% | 310,280 | $3.7M | Add +1.0% |
| QCOM Qualcomm Inc. | 1.29% | 24,003 | $3.7M | Reduce -1.4% |
| FLEX Flex Ltd. | 1.24% | 107,616 | $3.6M | Add +3.0% |
| RTX RTX Corp. | 1.18% | 25,477 | $3.4M | New |
| AZN Astrazeneca PLC-Spons ADR | 1.10% | 42,888 | $3.2M | Add +1.4% |
| CDW CDW Corp. | 1.08% | 19,280 | $3.1M | Add +4.4% |
| META Meta Platforms Inc. Class A | 1.07% | 5,308 | $3.1M | Add +1.0% |
| AEP American Electric Power | 1.04% | 27,245 | $3.0M | Reduce -6.0% |
| NXPI NXP Semiconductors NV | 0.99% | 14,900 | $2.8M | Add +1.0% |
| AMG Affiliated Managers Group | 0.98% | 16,740 | $2.8M | Add +3.4% |
| AME Ametek Inc. | 0.95% | 15,834 | $2.7M | Add +1.1% |
| CNC Centene Corp. | 0.91% | 42,950 | $2.6M | Add +7.7% |
| EW Edwards Lifesciences Corp. | 0.89% | 35,016 | $2.5M | Add +2.2% |
| EHC Encompass Health Corp. | 0.85% | 24,173 | $2.4M | Add +4.2% |
| BLD Topbuild Corp. | 0.85% | 7,989 | $2.4M | Add +0.7% |
| ADBE Adobe Inc. | 0.78% | 5,861 | $2.2M | Reduce -2.1% |
| QSR Restaurant Brands Intern | 0.77% | 32,924 | $2.2M | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.76% | 12,996 | $2.2M | Reduce -8.2% |
| MUB iShares National Muni Bond E | 0.72% | 19,684 | $2.1M | Add +23.1% |
| ANET Arista Networks Inc. | 0.70% | 25,717 | $2.0M | Add +2.7% |
| VRT Vertiv Holdings Co. Class A | 0.69% | 27,573 | $2.0M | Reduce -11.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 2,848 | $1.5M | Add +8.5% |
| SCHB Schwab US Broad Market ETF | 0.49% | 65,190 | $1.4M | Reduce -0.9% |
| MSFT Microsoft Corp. | 0.47% | 3,608 | $1.4M | Reduce -0.3% |
| FIXD First Trust Smith Opportunis | 0.46% | 30,138 | $1.3M | Reduce -93.7% |
| LLY Eli Lilly & Co. | 0.44% | 1,543 | $1.3M | No change |
| DMX Doubleline Multi-Sec Inc. ETF | 0.43% | 25,046 | $1.2M | New |
| MA Mastercard Inc. Class A | 0.39% | 2,062 | $1.1M | Reduce -6.5% |
| AMZN Amazon.com Inc. | 0.39% | 5,923 | $1.1M | Reduce -2.5% |
| MCK McKesson Corp. | 0.38% | 1,630 | $1.1M | Reduce -4.7% |
| FMB First Trust Managed Municipa | 0.37% | 21,000 | $1.1M | Add +10.5% |
| IVV iShares Core S&P 500 ETF | 0.36% | 1,830 | $1.0M | Reduce -20.6% |
| IUSV iShares Core S&P U.S. Value | 0.32% | 9,977 | $921K | No change |
| KR Kroger Co. | 0.30% | 12,701 | $860K | Reduce -4.7% |
| MRK Merck & Co. Inc. | 0.29% | 9,248 | $830K | Reduce -1.7% |
| AMAT Applied Materials Inc. | 0.28% | 5,439 | $789K | Reduce -0.8% |
| PG The Procter & Gamble Co. | 0.25% | 4,282 | $730K | Add +0.8% |
| AGG iShares Core U.S. Aggregate | 0.23% | 6,565 | $649K | Reduce -45.7% |
| USIG iShares Broad Usd Investment | 0.23% | 12,675 | $647K | Reduce -6.3% |
| STE Steris PLC | 0.22% | 2,805 | $636K | Reduce -2.2% |
| NSC Norfolk Southern Corp. | 0.22% | 2,663 | $631K | Reduce -5.1% |
| ZTS Zoetis Inc. | 0.21% | 3,705 | $610K | Reduce -2.9% |
| JMUB JPMorgan Municipal ETF | 0.21% | 12,105 | $605K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 1,082 | $605K | Add +48.2% |
| IUSG iShares Core S&P U.S. Growth | 0.21% | 4,646 | $590K | Add +14.8% |
| GLW Corning Inc. | 0.20% | 12,779 | $585K | Add +1.4% |
| NFLX Netflix Inc. | 0.18% | 566 | $528K | No change |
| GOOG Alphabet Inc. Class C | 0.18% | 3,282 | $513K | Reduce -0.1% |
| CTSH Cognizant Tech Solutions-A | 0.17% | 6,252 | $478K | Reduce -8.4% |
| IVW iShares S&P 500 Growth ETF | 0.15% | 4,716 | $438K | No change |
| MDY State Street SPDR S&P Midcap | 0.15% | 818 | $436K | No change |
| HD Home Depot Inc. | 0.15% | 1,153 | $423K | No change |
| INTF iShares International Equity | 0.15% | 13,530 | $417K | Reduce -0.5% |
| WMT Walmart Inc. | 0.15% | 4,735 | $416K | Add +14.7% |
| COST Costco Wholesale Corp. | 0.14% | 424 | $401K | Add +0.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.13% | 6,569 | $364K | No change |
| VNQ Vanguard Real Estate ETF | 0.12% | 3,862 | $350K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 6,600 | $346K | No change |
| ABT Abbott Laboratories | 0.12% | 2,540 | $337K | Add +1.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.11% | 1,157 | $318K | Reduce -14.9% |
| MT Arcelormittal-NY Registered | 0.10% | 10,216 | $295K | Reduce -6.1% |
| SCHG Schwab US Large-Cap Growth | 0.10% | 11,532 | $289K | Add +0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 3,750 | $284K | No change |
| IJR iShares Core S&P Small-Cap E | 0.09% | 2,366 | $247K | Reduce -12.7% |
| AIQ Global X Art Intel & Tech | 0.09% | 6,750 | $246K | New |
| OTIS Otis Worldwide Corp. | 0.09% | 2,385 | $246K | Reduce -93.0% |
| IXUS iShares Core Intl Stock ETF | 0.08% | 3,355 | $234K | No change |
| IXN iShares Global Tech ETF | 0.08% | 3,066 | $232K | Reduce -3.2% |
| MCD McDonald's Corp. | 0.08% | 733 | $229K | New |
| SCHO Schwab Short-Term US Treas | 0.07% | 8,611 | $210K | Reduce -8.5% |
| ACN Accenture PLC Class A | 0.07% | 663 | $207K | Reduce -14.3% |
| ESBA Empire State Realty Op LP-Es | 0.04% | 14,754 | $114K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| FIXD First Trust Smith Opportunis | Reduce -93.7% | 0.46% | −6.70 |
| APP AppLovin Corp. Class A | Reduce -41.4% | 1.42% | −1.54 |
| OTIS Otis Worldwide Corp. | Reduce -93.0% | 0.09% | −1.02 |
| WSM Williams-Sonoma Inc. | Reduce -23.1% | 1.87% | −0.97 |
| VRT Vertiv Holdings Co. Class A | Reduce -11.2% | 0.69% | −0.53 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 1.63% | −0.39 |
| AVGO Broadcom Inc. | Reduce -8.2% | 0.76% | −0.38 |
| AAPL Apple Inc. | Reduce -1.3% | 2.34% | −0.33 |
| NRG NRG Energy Inc. | Reduce -13.7% | 2.00% | −0.19 |
| AGG iShares Core U.S. Aggregate | Reduce -45.7% | 0.23% | −0.18 |
| ADBE Adobe Inc. | Reduce -2.1% | 0.78% | −0.14 |
| PHM Pultegroup Inc. | Reduce -1.6% | 1.76% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -0.1% | 1.61% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -20.6% | 0.36% | −0.11 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.09 |
| VST Vistra Corp. | Sold out | 0.00% | −0.08 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 0.39% | −0.07 |
| MSFT Microsoft Corp. | Reduce -0.3% | 0.47% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.18% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -1.7% | 0.29% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -0.8% | 0.28% | −0.04 |
| SCHB Schwab US Broad Market ETF | Reduce -0.9% | 0.49% | −0.03 |
| SGMA Sigmatron International Inc. | Sold out | 0.00% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.9% | 0.11% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -12.7% | 0.09% | −0.02 |
| ACN Accenture PLC Class A | Reduce -14.3% | 0.07% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -1.4% | 1.29% | −0.02 |
| CTSH Cognizant Tech Solutions-A | Reduce -8.4% | 0.17% | −0.02 |
| IXN iShares Global Tech ETF | Reduce -3.2% | 0.08% | −0.01 |
| USIG iShares Broad Usd Investment | Reduce -6.3% | 0.23% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -6.5% | 0.39% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -5.1% | 0.22% | −0.01 |
| SCHO Schwab Short-Term US Treas | Reduce -8.5% | 0.07% | −0.01 |
| ZTS Zoetis Inc. | Reduce -2.9% | 0.21% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -2.5% | 1.93% | −0.00 |
| QSR Restaurant Brands Intern | Reduce -1.9% | 0.77% | +0.00 |
| INTF iShares International Equity | Reduce -0.5% | 0.15% | +0.01 |
| MT Arcelormittal-NY Registered | Reduce -6.1% | 0.10% | +0.02 |
| KR Kroger Co. | Reduce -4.7% | 0.30% | +0.02 |
| STE Steris PLC | Reduce -2.2% | 0.22% | +0.02 |
| MCK McKesson Corp. | Reduce -4.7% | 0.38% | +0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -1.9% | 1.41% | +0.04 |
| AEP American Electric Power | Reduce -6.0% | 1.04% | +0.11 |
| RELX Relx PLC - Spon ADR | Reduce -1.2% | 1.51% | +0.13 |
| V Visa Inc. Class A | Reduce -1.6% | 1.97% | +0.17 |
| ORLY O'reilly Automotive Inc. | Reduce -2.8% | 1.66% | +0.25 |
| ABBV Abbvie Inc. | Reduce -1.7% | 1.98% | +0.27 |
Portfolio Buys Q4 2024 → Q1 2025
| FTCB FT Core Investment Grade ETF | New | 7.92% | +7.92 |
| RTX RTX Corp. | New | 1.18% | +1.18 |
| DBND Doubleline Oppor Cor BND-Usd | Add +12.8% | 8.73% | +1.15 |
| DMX Doubleline Multi-Sec Inc. ETF | New | 0.43% | +0.43 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +20.6% | 1.73% | +0.33 |
| JPIE JPMorgan Income ETF | Add +10.5% | 2.62% | +0.28 |
| HCA HCA Healthcare Inc. | Add +0.9% | 1.64% | +0.23 |
| NWG Natwest Group PLC -Spon ADR | Add +1.0% | 1.29% | +0.20 |
| DCRE DBL Comm Real Est Debt | Add +7.1% | 2.67% | +0.20 |
| AON Aon PLC Class A | Add +2.7% | 1.52% | +0.19 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +4.1% | 5.40% | +0.19 |
| MLPX Global X MLP & Energy Infras | Add +4.9% | 1.66% | +0.16 |
| AZN Astrazeneca PLC-Spons ADR | Add +1.4% | 1.10% | +0.13 |
| MUB iShares National Muni Bond E | Add +23.1% | 0.72% | +0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.5% | 0.53% | +0.12 |
| EHC Encompass Health Corp. | Add +4.2% | 0.85% | +0.11 |
| AIQ Global X Art Intel & Tech | New | 0.09% | +0.09 |
| MCD McDonald's Corp. | New | 0.08% | +0.08 |
| GOVT iShares US Treasury Bond ETF | Add +1.8% | 4.07% | +0.08 |
| CNC Centene Corp. | Add +7.7% | 0.91% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +48.2% | 0.21% | +0.06 |
| SHW The Sherwin-Williams Co. | Add +0.5% | 1.41% | +0.05 |
| FTNT Fortinet Inc. | Add +1.1% | 1.32% | +0.04 |
| FMB First Trust Managed Municipa | Add +10.5% | 0.37% | +0.03 |
| ABT Abbott Laboratories | Add +1.6% | 0.12% | +0.02 |
| WMT Walmart Inc. | Add +14.7% | 0.15% | +0.02 |
| IUSG iShares Core S&P U.S. Growth | Add +14.8% | 0.21% | +0.01 |
| PG The Procter & Gamble Co. | Add +0.8% | 0.25% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.2% | 0.14% | +0.00 |
| EW Edwards Lifesciences Corp. | Add +2.2% | 0.89% | +0.00 |
| GLW Corning Inc. | Add +1.4% | 0.20% | −0.00 |
| META Meta Platforms Inc. Class A | Add +1.0% | 1.07% | −0.00 |
| SCHG Schwab US Large-Cap Growth | Add +0.1% | 0.10% | −0.01 |
| BLD Topbuild Corp. | Add +0.7% | 0.85% | −0.01 |
| DFS Discover Financial Services | Add +0.5% | 1.68% | −0.01 |
| AME Ametek Inc. | Add +1.1% | 0.95% | −0.03 |
| CDW CDW Corp. | Add +4.4% | 1.08% | −0.04 |
| AMG Affiliated Managers Group | Add +3.4% | 0.98% | −0.06 |
| NXPI NXP Semiconductors NV | Add +1.0% | 0.99% | −0.08 |
| CAT Caterpillar Inc. | Add +1.4% | 1.61% | −0.13 |
| FLEX Flex Ltd. | Add +3.0% | 1.24% | −0.15 |
| ANET Arista Networks Inc. | Add +2.7% | 0.70% | −0.27 |
| NVDA Nvidia Corp. | Add +4.2% | 1.71% | −0.32 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $417.3M | EMXC, FTCB, DBND, FLEX, CAT |
| Q1 2026 | 91 | $347.3M | FTCB, DBND, EMXC, GOVT, CAT |
| Q4 2025 | 91 | $351.8M | FTCB, DBND, EMXC, GOVT, APP |
| Q3 2025 | 96 | $348.6M | DBND, FTCB, EMXC, GOVT, APP |
| Q2 2025 | 96 | $317.2M | DBND, FTCB, EMXC, GOVT, NRG |
| Q1 2025 | 100 | $286.7M | DBND, FTCB, EMXC, GOVT, DCRE |
| Q4 2024 | 99 | $287.1M | DBND, FIXD, EMXC, GOVT, APP |
| Q3 2024 | 97 | $280.5M | DBND, FIXD, EMXC, GOVT, PHM |
| Q2 2024 | 99 | $268.2M | DBND, FIXD, EMXC, GOVT, DCRE |
| Q1 2024 | 104 | $269.1M | DBND, FIXD, EMXC, GOVT, WSM |