Seascape Capital Management

Name: Seascape Capital Management 13F holdings, Q2 2025
Creator: Seascape Capital Management
Published: 2025-07-14

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Seascape Capital Management reported 96 stock positions worth $317.2 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, 8.6%) and iShares MSCI Emr MRK Ex Chna (EMXC, 5.9%). Compared with Q1 2025, it opened 3 new positions, sold out of 7, added to 27 and reduced 55. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale an exit from Discover Financial Services (DFS).

Most Recent 13F: Q2 2026
Location: PORTSMOUTH, NH
CIK: 0001418342
Portfolio Value: $317.2M (Q2 2025)
SEC Filing: 0001418342-25-000006 ↗ filed Jul 14, 2025

Holdings Value

Holdings 96 stocks · $317.2M


DBND Doubleline Oppor Cor BND-Usd	8.74%	599,767	$27.7M	Add +10.7%
FTCB FT Core Investment Grade ETF	8.64%	1,300,564	$27.4M	Add +20.2%
EMXC iShares MSCI Emr MRK Ex Chna	5.93%	297,964	$18.8M	Add +6.1%
GOVT iShares US Treasury Bond ETF	3.55%	489,315	$11.2M	Reduce -3.6%
NRG NRG Energy Inc.	2.93%	57,877	$9.3M	Reduce -3.8%
JPIE JPMorgan Income ETF	2.55%	174,703	$8.1M	Add +7.2%
DCRE DBL Comm Real Est Debt	2.48%	151,292	$7.9M	Add +2.6%
NVDA Nvidia Corp.	2.20%	44,237	$7.0M	Reduce -2.0%
JPM JPMorgan Chase & Co.	1.98%	21,676	$6.3M	Reduce -4.1%
AAPL Apple Inc.	1.92%	29,727	$6.1M	Reduce -1.4%
COF Capital One Financial Corp.	1.89%	28,193	$6.0M	New
BKNG Booking Holdings Inc.	1.77%	972	$5.6M	Reduce -3.2%
V Visa Inc. Class A	1.76%	15,696	$5.6M	Reduce -2.5%
IBDW iShares Ibonds Dec 2031 Corp.	1.76%	264,599	$5.6M	Add +10.5%
WSM Williams-Sonoma Inc.	1.72%	33,376	$5.5M	Reduce -1.6%
CAT Caterpillar Inc.	1.69%	13,773	$5.3M	Reduce -1.6%
APP AppLovin Corp. Class A	1.66%	15,001	$5.3M	Reduce -2.4%
GOOGL Alphabet Inc. Class A	1.65%	29,669	$5.2M	Reduce -1.6%
FLEX Flex Ltd.	1.65%	104,639	$5.2M	Reduce -2.8%
HCA HCA Healthcare Inc.	1.61%	13,302	$5.1M	Reduce -2.0%
ABBV Abbvie Inc.	1.58%	26,924	$5.0M	Reduce -0.6%
MLPX Global X MLP & Energy Infras	1.49%	75,416	$4.7M	Add +0.9%
RELX Relx PLC - Spon ADR	1.44%	84,188	$4.6M	Reduce -1.9%
DMX Doubleline Multi-Sec Inc. ETF	1.40%	88,233	$4.5M	Add +252.3%
ORLY O'reilly Automotive Inc.	1.37%	48,187	$4.3M	Reduce -3.2%
PHM Pultegroup Inc.	1.35%	40,685	$4.3M	Reduce -17.1%
NWG Natwest Group PLC -Spon ADR	1.34%	299,735	$4.2M	Reduce -3.4%
FTNT Fortinet Inc.	1.26%	37,824	$4.0M	Reduce -3.5%
META Meta Platforms Inc. Class A	1.26%	5,416	$4.0M	Add +2.0%
AON Aon PLC Class A	1.22%	10,856	$3.9M	Reduce -0.8%
RTX RTX Corp.	1.21%	26,243	$3.8M	Add +3.0%
QCOM Qualcomm Inc.	1.21%	24,052	$3.8M	Add +0.2%
CHD Church & Dwight Co. Inc.	1.16%	38,209	$3.7M	Add +3.7%
AVGO Broadcom Inc.	1.11%	12,760	$3.5M	Reduce -1.8%
CDW CDW Corp.	1.11%	19,694	$3.5M	Add +2.1%
VRT Vertiv Holdings Co. Class A	1.10%	27,217	$3.5M	Reduce -1.3%
AMG Affiliated Managers Group	1.04%	16,737	$3.3M	Reduce -0.0%
SHW The Sherwin-Williams Co.	1.01%	9,315	$3.2M	Reduce -19.3%
NXPI NXP Semiconductors NV	0.99%	14,400	$3.1M	Reduce -3.4%
AEP American Electric Power	0.95%	29,025	$3.0M	Add +6.5%
AZN Astrazeneca PLC-Spons ADR	0.94%	42,619	$3.0M	Reduce -0.6%
EHC Encompass Health Corp.	0.93%	24,168	$3.0M	Reduce -0.0%
AME Ametek Inc.	0.93%	16,279	$2.9M	Add +2.8%
BLD Topbuild Corp.	0.93%	9,090	$2.9M	Add +13.8%
ANET Arista Networks Inc.	0.89%	27,596	$2.8M	Add +7.3%
EW Edwards Lifesciences Corp.	0.85%	34,322	$2.7M	Reduce -2.0%
CNC Centene Corp.	0.78%	45,504	$2.5M	Add +6.0%
ROP Roper Technologies Inc.	0.77%	4,304	$2.4M	New
QSR Restaurant Brands Intern	0.74%	35,489	$2.4M	Add +7.8%
ADBE Adobe Inc.	0.72%	5,932	$2.3M	Add +1.2%
MSFT Microsoft Corp.	0.54%	3,412	$1.7M	Reduce -5.4%
BRK.B Berkshire Hathaway Inc. Class B	0.41%	2,658	$1.3M	Reduce -6.7%
SCHB Schwab US Broad Market ETF	0.39%	51,619	$1.2M	Reduce -20.8%
AMZN Amazon.com Inc.	0.39%	5,577	$1.2M	Reduce -5.8%
LLY Eli Lilly & Co.	0.38%	1,531	$1.2M	Reduce -0.8%
MA Mastercard Inc. Class A	0.36%	2,053	$1.2M	Reduce -0.4%
FMB First Trust Managed Municipa	0.35%	22,500	$1.1M	Add +7.1%
MCK McKesson Corp.	0.33%	1,422	$1.0M	Reduce -12.8%
AMAT Applied Materials Inc.	0.30%	5,207	$953K	Reduce -4.3%
IVV iShares Core S&P 500 ETF	0.30%	1,524	$946K	Reduce -16.7%
KR Kroger Co.	0.29%	12,721	$912K	Add +0.2%
NFLX Netflix Inc.	0.24%	559	$749K	Reduce -1.2%
USIG iShares Broad Usd Investment	0.23%	13,875	$714K	Add +9.5%
PG The Procter & Gamble Co.	0.22%	4,285	$683K	Add +0.1%
GLW Corning Inc.	0.21%	12,772	$672K	Reduce -0.1%
MRK Merck & Co. Inc.	0.21%	8,464	$670K	Reduce -8.5%
NSC Norfolk Southern Corp.	0.19%	2,377	$608K	Reduce -10.7%
JMUB JPMorgan Municipal ETF	0.19%	12,105	$601K	No change
GOOG Alphabet Inc. Class C	0.18%	3,211	$570K	Reduce -2.2%
STE Steris PLC	0.18%	2,367	$569K	Reduce -15.6%
MUB iShares National Muni Bond E	0.18%	5,335	$557K	Reduce -72.9%
ZTS Zoetis Inc.	0.17%	3,517	$549K	Reduce -5.1%
AGG iShares Core U.S. Aggregate	0.17%	5,514	$547K	Reduce -16.0%
IVW iShares S&P 500 Growth ETF	0.16%	4,716	$519K	No change
INTF iShares International Equity	0.15%	13,851	$474K	Add +2.4%
MDY State Street SPDR S&P Midcap	0.15%	818	$463K	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.14%	734	$453K	Reduce -32.2%
WMT Walmart Inc.	0.13%	4,284	$419K	Reduce -9.5%
HD Home Depot Inc.	0.13%	1,140	$418K	Reduce -1.1%
COST Costco Wholesale Corp.	0.13%	416	$412K	Reduce -1.9%
ACWX iShares MSCI Acwi Ex US ETF	0.13%	6,569	$400K	No change
CTSH Cognizant Tech Solutions-A	0.13%	5,093	$397K	Reduce -18.5%
IGSB iShares 1-5Y Inv Grade Corp.	0.11%	6,600	$348K	No change
VTI VG Morningstar TS MKT ETF-US	0.11%	1,147	$348K	Reduce -0.9%
VNQ Vanguard Real Estate ETF	0.11%	3,862	$344K	No change
ABT Abbott Laboratories	0.11%	2,520	$343K	Reduce -0.8%
SCHG Schwab US Large-Cap Growth	0.11%	11,544	$337K	Add +0.1%
IEFA iShares Core MSCI Eafe ETF	0.10%	3,750	$313K	No change
IUSG iShares Core S&P U.S. Growth	0.10%	2,045	$308K	Reduce -56.0%
MT Arcelormittal-NY Registered	0.09%	9,184	$290K	Reduce -10.1%
IXN iShares Global Tech ETF	0.09%	3,066	$283K	No change
IJR iShares Core S&P Small-Cap E	0.08%	2,366	$259K	No change
IXUS iShares Core Intl Stock ETF	0.08%	3,355	$259K	No change
SCHO Schwab Short-Term US Treas	0.07%	8,634	$210K	Add +0.3%
SGMA Sigmatron International Inc.	0.04%	43,438	$129K	New
ESBA Empire State Realty Op LP-Es	0.04%	14,754	$116K	No change

Portfolio Sells Q1 2025 → Q2 2025


DFS Discover Financial Services	Sold out	0.00%	−1.68
MUB iShares National Muni Bond E	Reduce -72.9%	0.18%	−0.55
GOVT iShares US Treasury Bond ETF	Reduce -3.6%	3.55%	−0.52
FIXD First Trust Smith Opportunis	Sold out	0.00%	−0.46
AAPL Apple Inc.	Reduce -1.4%	1.92%	−0.41
PHM Pultegroup Inc.	Reduce -17.1%	1.35%	−0.41
ABBV Abbvie Inc.	Reduce -0.6%	1.58%	−0.40
SHW The Sherwin-Williams Co.	Reduce -19.3%	1.01%	−0.40
IUSV iShares Core S&P U.S. Value	Sold out	0.00%	−0.32
AON Aon PLC Class A	Reduce -0.8%	1.22%	−0.30
ORLY O'reilly Automotive Inc.	Reduce -3.2%	1.37%	−0.29
V Visa Inc. Class A	Reduce -2.5%	1.76%	−0.21
AZN Astrazeneca PLC-Spons ADR	Reduce -0.6%	0.94%	−0.16
WSM Williams-Sonoma Inc.	Reduce -1.6%	1.72%	−0.15
BRK.B Berkshire Hathaway Inc. Class B	Reduce -6.7%	0.41%	−0.12
IUSG iShares Core S&P U.S. Growth	Reduce -56.0%	0.10%	−0.11
SCHB Schwab US Broad Market ETF	Reduce -20.8%	0.39%	−0.10
AIQ Global X Art Intel & Tech	Sold out	0.00%	−0.09
OTIS Otis Worldwide Corp.	Sold out	0.00%	−0.09
MCD McDonald's Corp.	Sold out	0.00%	−0.08
MRK Merck & Co. Inc.	Reduce -8.5%	0.21%	−0.08
ACN Accenture PLC Class A	Sold out	0.00%	−0.07
LLY Eli Lilly & Co.	Reduce -0.8%	0.38%	−0.07
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -32.2%	0.14%	−0.07
RELX Relx PLC - Spon ADR	Reduce -1.9%	1.44%	−0.07
IVV iShares Core S&P 500 ETF	Reduce -16.7%	0.30%	−0.06
FTNT Fortinet Inc.	Reduce -3.5%	1.26%	−0.06
MCK McKesson Corp.	Reduce -12.8%	0.33%	−0.05
AGG iShares Core U.S. Aggregate	Reduce -16.0%	0.17%	−0.05
STE Steris PLC	Reduce -15.6%	0.18%	−0.04
CTSH Cognizant Tech Solutions-A	Reduce -18.5%	0.13%	−0.04
ZTS Zoetis Inc.	Reduce -5.1%	0.17%	−0.04
EW Edwards Lifesciences Corp.	Reduce -2.0%	0.85%	−0.04
MA Mastercard Inc. Class A	Reduce -0.4%	0.36%	−0.03
HCA HCA Healthcare Inc.	Reduce -2.0%	1.61%	−0.03
NSC Norfolk Southern Corp.	Reduce -10.7%	0.19%	−0.03
HD Home Depot Inc.	Reduce -1.1%	0.13%	−0.02
WMT Walmart Inc.	Reduce -9.5%	0.13%	−0.01
MT Arcelormittal-NY Registered	Reduce -10.1%	0.09%	−0.01
COST Costco Wholesale Corp.	Reduce -1.9%	0.13%	−0.01
ABT Abbott Laboratories	Reduce -0.8%	0.11%	−0.01
AMZN Amazon.com Inc.	Reduce -5.8%	0.39%	−0.01
VTI VG Morningstar TS MKT ETF-US	Reduce -0.9%	0.11%	−0.00
GOOG Alphabet Inc. Class C	Reduce -2.2%	0.18%	+0.00
NXPI NXP Semiconductors NV	Reduce -3.4%	0.99%	+0.00
GLW Corning Inc.	Reduce -0.1%	0.21%	+0.01
GOOGL Alphabet Inc. Class A	Reduce -1.6%	1.65%	+0.02
AMAT Applied Materials Inc.	Reduce -4.3%	0.30%	+0.03
NWG Natwest Group PLC -Spon ADR	Reduce -3.4%	1.34%	+0.05
JPM JPMorgan Chase & Co.	Reduce -4.1%	1.98%	+0.05

Portfolio Buys Q1 2025 → Q2 2025


COF Capital One Financial Corp.	New	1.89%	+1.89
DMX Doubleline Multi-Sec Inc. ETF	Add +252.3%	1.40%	+0.97
ROP Roper Technologies Inc.	New	0.77%	+0.77
FTCB FT Core Investment Grade ETF	Add +20.2%	8.64%	+0.71
EMXC iShares MSCI Emr MRK Ex Chna	Add +6.1%	5.93%	+0.53
ANET Arista Networks Inc.	Add +7.3%	0.89%	+0.19
META Meta Platforms Inc. Class A	Add +2.0%	1.26%	+0.19
BLD Topbuild Corp.	Add +13.8%	0.93%	+0.08
SGMA Sigmatron International Inc.	New	0.04%	+0.04
CDW CDW Corp.	Add +2.1%	1.11%	+0.03
RTX RTX Corp.	Add +3.0%	1.21%	+0.03
IBDW iShares Ibonds Dec 2031 Corp.	Add +10.5%	1.76%	+0.02
DBND Doubleline Oppor Cor BND-Usd	Add +10.7%	8.74%	+0.02
SCHG Schwab US Large-Cap Growth	Add +0.1%	0.11%	+0.01
INTF iShares International Equity	Add +2.4%	0.15%	+0.00
USIG iShares Broad Usd Investment	Add +9.5%	0.23%	−0.00
SCHO Schwab Short-Term US Treas	Add +0.3%	0.07%	−0.01
KR Kroger Co.	Add +0.2%	0.29%	−0.01
FMB First Trust Managed Municipa	Add +7.1%	0.35%	−0.02
AME Ametek Inc.	Add +2.8%	0.93%	−0.02
QSR Restaurant Brands Intern	Add +7.8%	0.74%	−0.02
PG The Procter & Gamble Co.	Add +0.1%	0.22%	−0.04
ADBE Adobe Inc.	Add +1.2%	0.72%	−0.06
JPIE JPMorgan Income ETF	Add +7.2%	2.55%	−0.07
QCOM Qualcomm Inc.	Add +0.2%	1.21%	−0.08
AEP American Electric Power	Add +6.5%	0.95%	−0.09
CNC Centene Corp.	Add +6.0%	0.78%	−0.13
MLPX Global X MLP & Energy Infras	Add +0.9%	1.49%	−0.17
DCRE DBL Comm Real Est Debt	Add +2.6%	2.48%	−0.19
CHD Church & Dwight Co. Inc.	Add +3.7%	1.16%	−0.26

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