Skylands Capital, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Skylands Capital, LLC reported 152 stock positions worth $689.5 million. Its top holding was Union Pacific (UNP) at 7.6% of the portfolio, followed by Alphabet Class A (GOOGL, 5.5%) and Diebold Nixdorf (DBD, 4.3%). Compared with Q1 2025, it opened 15 new positions, sold out of 16, added to 45 and reduced 68. The biggest buy was Alphabet Class A (GOOGL, shares +15%) and the biggest sale an exit from Beacon Roofing Supply (BECN).

Most Recent 13F
Q2 2026
Location
Milwaukee, WI
CIK
0001299910
Portfolio Value
$689.5M (Q2 2025)
SEC Filing
0001528621-25-000825 ↗ filed Aug 8, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $723.9M Q1 2024 Q2 2024: $705.4M Q2 2024 Q3 2024: $737.1M Q3 2024 Q4 2024: $715.8M Q4 2024 Q1 2025: $692.7M Q1 2025 Q2 2025: $689.5M $689.5M Q2 2025 Q3 2025: $723.5M Q3 2025 Q4 2025: $737.1M Q4 2025 Q1 2026: $763.0M Q1 2026 Q2 2026: $813.9M Q2 2026

Holdings 152 stocks · $689.5M
UNP Union Pacific Corp. 7.58% 227,050 $52.2M Add +1.1%
GOOGL Alphabet Inc. Class A 5.46% 213,725 $37.7M Add +15.0%
DBD Diebold Nixdorf Inc. 4.28% 533,300 $29.5M Reduce -3.1%
GM General Motors Co. 3.83% 537,275 $26.4M Reduce -2.7%
AAPL Apple Inc. 3.72% 125,135 $25.7M Reduce -3.4%
CCI Crown Castle Inc. 3.54% 237,540 $24.4M Reduce -2.5%
OSK Oshkosh Corp. 2.72% 165,350 $18.8M Add +3.9%
CNR Core Natural Resources Inc. 2.40% 237,394 $16.6M Reduce -1.9%
NSC Norfolk Southern Corp. 2.13% 57,435 $14.7M Reduce -6.3%
FMC FMC Corp. 2.10% 347,550 $14.5M Add +5.0%
V Visa Inc. Class A 2.07% 40,195 $14.3M Reduce -1.3%
OC Owens Corning 1.96% 98,475 $13.5M Add +8.8%
COHR Coherent Corp. 1.88% 144,950 $12.9M Add +2.4%
C Citigroup Inc. 1.73% 139,900 $11.9M Reduce -0.9%
SBAC SBA Communications Corp. 1.67% 48,995 $11.5M Reduce -14.9%
WAB Wabtec Corp. 1.66% 54,800 $11.5M Reduce -3.3%
GEHC GE Healthcare Technology 1.66% 154,090 $11.4M Add +26.1%
CSX CSX Corp. 1.43% 302,075 $9.9M Reduce -6.2%
EXP Eagle Materials Inc. 1.40% 47,755 $9.7M Add +0.6%
JYNT The Joint Corp. 1.30% 779,295 $9.0M Add +3.6%
WMB Williams Cos Inc. 1.28% 140,275 $8.8M Reduce -1.1%
JPM JPMorgan Chase & Co. 1.26% 30,055 $8.7M Reduce -14.8%
GLD SPDR Gold Shares 1.25% 28,225 $8.6M Reduce -0.8%
LOPE Grand Canyon Education Inc. 1.18% 42,930 $8.1M Reduce -0.4%
AMT American Tower Corp. 1.17% 36,495 $8.1M Reduce -29.3%
BMY Bristol-Myers Squibb Co. 1.12% 166,365 $7.7M Add +16.8%
B Barrick Gold Corp. 1.10% 363,850 $7.6M Reduce -10.2%
NATR Natures Sunshine Prods Inc. 1.04% 486,400 $7.2M Add +12.6%
ENS Enersys 1.02% 82,290 $7.1M Add +19.2%
SSNC Ss&c Technologies Holdings 0.98% 81,600 $6.8M Add +13.1%
KEX Kirby Corp. 0.96% 58,400 $6.6M Reduce -5.2%
MTX Minerals Technologies Inc. 0.93% 116,055 $6.4M Reduce -2.0%
ELAN Elanco Animal Health Inc. 0.90% 433,650 $6.2M Reduce -21.2%
ADEA Adeia Inc. 0.87% 423,224 $6.0M Add +37.7%
JOUT Johnson Outdoors Inc. Class A 0.83% 189,494 $5.7M Reduce -3.3%
GNRC Generac Holdings Inc. 0.82% 39,585 $5.7M Add +7.2%
RTX RTX Corp. 0.81% 38,230 $5.6M Reduce -15.6%
WSC Willscot Holdings Corp. 0.80% 201,825 $5.5M Add +27.2%
XOP SS SPDR S&P Og Exp & Prod 0.80% 43,815 $5.5M Reduce -6.8%
TAP Molson Coors Beverage Co. Class B 0.77% 110,210 $5.3M Add +192.9%
CCOI Cogent Communications Holdin 0.72% 103,650 $5.0M Add +27.4%
UPS United Parcel Service Class B 0.71% 48,445 $4.9M Reduce -3.4%
TMUS T-Mobile US Inc. 0.70% 20,385 $4.9M Add +20.2%
META Meta Platforms Inc. Class A 0.70% 6,495 $4.8M Reduce -23.5%
OXY Occidental Petroleum Corp. 0.67% 110,544 $4.6M Reduce -6.3%
MP MP Materials Corp. 0.67% 138,500 $4.6M Reduce -22.0%
ON On Semiconductor 0.66% 86,520 $4.5M Add +2.1%
MLM Martin Marietta Materials 0.61% 7,620 $4.2M Reduce -26.5%
GPK Graphic Packaging Holding Co. 0.60% 196,775 $4.1M Reduce -5.3%
SIMO Silicon Motion Technol-ADR 0.57% 52,000 $3.9M Reduce -27.8%
LKQ LKQ Corp. 0.53% 98,825 $3.7M Add +84.7%
PLAB Photronics Inc. 0.52% 188,750 $3.6M Reduce -0.6%
LECO Lincoln Electric Holdings 0.51% 17,060 $3.5M Reduce -11.4%
AEM Agnico Eagle Mines Ltd. 0.51% 29,550 $3.5M Reduce -17.8%
LOVE The Lovesac Co. 0.50% 190,700 $3.5M Add +0.2%
DENN Denny's Corp. 0.49% 829,592 $3.4M Add +11.3%
CTSO Cytosorbents Corp. 0.49% 2,616,715 $3.3M Reduce -12.8%
AMZN Amazon.com Inc. 0.46% 14,525 $3.2M Reduce -7.0%
XLE SS Energy Select Sector 0.45% 36,700 $3.1M Reduce -38.1%
MATW Matthews Intl Corp. Class A 0.45% 129,884 $3.1M Add +3.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.44% 89,600 $3.0M Add +68.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.43% 63,325 $3.0M Reduce -7.2%
NEM Newmont Corp. 0.43% 50,350 $2.9M Reduce -14.4%
HLLY Holley Inc. 0.39% 1,350,982 $2.7M Add +15.4%
ADM Archer-Daniels-Midland Co. 0.37% 48,275 $2.5M Reduce -46.9%
OSIS Osi Systems Inc. 0.37% 11,250 $2.5M Reduce -29.4%
UNH Unitedhealth Group Inc. 0.35% 7,715 $2.4M New
QDEL Quidelortho Corp. 0.35% 82,800 $2.4M Reduce -1.3%
HAL Halliburton Co. 0.34% 116,000 $2.4M Reduce -26.8%
VNT Vontier Corp. 0.34% 63,400 $2.3M Add +5.7%
MTUS Metallus Inc. 0.33% 146,050 $2.3M New
HLMN Hillman Solutions Corp. 0.32% 310,550 $2.2M Add +150.4%
IRDM Iridium Communications Inc. 0.32% 73,400 $2.2M Reduce -0.4%
ZBH Zimmer Biomet Holdings Inc. 0.32% 23,861 $2.2M Add +179.5%
HAE Haemonetics Corp. 0.30% 27,550 $2.1M Reduce -50.6%
FDX FedEx Corp. 0.27% 8,275 $1.9M Reduce -8.1%
NPKI NPK International Inc. 0.27% 218,474 $1.9M Reduce -19.5%
WCC Wesco International Inc. 0.25% 9,410 $1.7M Reduce -11.0%
HCC Warrior Met Coal Inc. 0.25% 38,000 $1.7M Add +38.2%
TKR Timken Co. 0.25% 23,900 $1.7M No change
ATRO Astronics Corp. 0.24% 50,400 $1.7M Reduce -20.0%
GOOG Alphabet Inc. Class C 0.24% 9,500 $1.7M No change
BOOT Boot Barn Holdings Inc. 0.24% 10,674 $1.6M Reduce -6.8%
UHAL.B U-Haul Holding Co.-Non Voting 0.23% 29,695 $1.6M Add +3.3%
ALGN Align Technology Inc. 0.23% 8,450 $1.6M Reduce -0.6%
BLMN Bloomin' Brands Inc. 0.22% 175,750 $1.5M Add +21.2%
ICLR Icon PLC 0.21% 9,850 $1.4M New
TDG Transdigm Group Inc. 0.20% 925 $1.4M No change
THRY Thryv Holdings Inc. 0.20% 111,950 $1.4M Add +47.4%
TMO Thermo Fisher Scientific Inc. 0.20% 3,350 $1.4M New
HOG Harley-Davidson Inc. 0.20% 57,550 $1.4M Add +33.2%
KOP Koppers Holdings Inc. 0.20% 42,100 $1.4M Add +15.7%
SCHW Schwab (charles) Corp. 0.19% 14,700 $1.3M Reduce -57.5%
XPOF Xponential Fitness Inc. Class A 0.19% 176,900 $1.3M Add +7.5%
BC Brunswick Corp. 0.17% 21,825 $1.2M Add +1.2%
FCG First Trust Natural Gas ETF 0.17% 51,900 $1.2M Add +8.8%
GBX Greenbrier Companies Inc. 0.17% 25,965 $1.2M Reduce -16.6%
SPWH Sportsman's Warehouse Holdin 0.16% 329,000 $1.1M Reduce -14.3%
NEOG Neogen Corp. 0.16% 234,850 $1.1M New
CHDN Churchill Downs Inc. 0.16% 11,100 $1.1M Add +83.5%
GENK Gen Restaurant Group Inc. 0.16% 284,500 $1.1M Add +6.9%
EXAS Exact Sciences Corp. 0.16% 20,875 $1.1M Add +7.5%
BBY Best Buy Co. Inc. 0.16% 16,050 $1.1M Add +26.9%
SPGI S&P Global Inc. 0.15% 1,935 $1.0M No change
ZETA Zeta Global Holdings Corp. Class A 0.14% 63,800 $988K New
CBOE Cboe Global Markets Inc. 0.14% 4,150 $968K No change
BIO Bio-Rad Laboratories-A 0.14% 4,000 $965K Add +700.0%
MITK Mitek Systems Inc. 0.13% 93,875 $929K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.13% 7,025 $871K Reduce -43.2%
ASUR Asure Software Inc. 0.13% 88,800 $867K Reduce -45.8%
DDI Doubledown Interactive -ADR 0.12% 89,000 $852K New
AEYE Audioeye Inc. 0.11% 67,450 $786K Reduce -16.3%
XOM Exxon Mobil Corp. 0.11% 6,966 $751K Reduce -22.5%
SLP Simulations Plus Inc. 0.11% 42,600 $743K New
RJF Raymond James Financial Inc. 0.11% 4,787 $732K No change
BLK BlackRock Finance Inc. 0.10% 650 $682K Reduce -21.2%
MA Mastercard Inc. Class A 0.09% 1,160 $652K Reduce -0.4%
VLO Valero Energy Corp. 0.06% 3,300 $444K Reduce -66.7%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 900 $437K Reduce -28.0%
MBLY Mobileye Global Inc. Class A 0.06% 24,250 $436K Reduce -16.8%
OSBC Old Second Bancorp Inc. 0.06% 24,100 $428K New
QRHC Quest Resource Holding Corp. 0.06% 207,427 $419K No change
MHK Mohawk Industries Inc. 0.06% 3,950 $414K New
QQQ Invesco QQQ Trust Series 1 0.06% 750 $414K No change
GATX Gatx Corp. 0.06% 2,495 $383K No change
QXO Qxo Inc. 0.05% 17,500 $377K New
MSFT Microsoft Corp. 0.05% 695 $346K No change
TWIN Twin Disc Inc. 0.05% 39,004 $344K Add +31.3%
ASPN Aspen Aerogels Inc. 0.05% 54,800 $324K No change
CRWS Crown Crafts Inc. 0.04% 102,842 $295K Reduce -32.7%
CCJ Cameco Corp. 0.04% 3,900 $289K Reduce -81.3%
GEV GE Vernova Inc. 0.04% 500 $265K No change
CCK Crown Holdings Inc. 0.04% 2,400 $247K No change
LAKE Lakeland Industries Inc. 0.03% 17,151 $233K New
BWXT BWX Technologies Inc. 0.03% 1,550 $223K Reduce -79.7%
GD General Dynamics Corp. 0.03% 725 $211K No change
TSLA Tesla Inc. 0.03% 660 $210K New
MCD McDonald's Corp. 0.03% 650 $190K No change
ACCO Acco Brands Corp. 0.02% 40,840 $146K Add +17.6%
SHW The Sherwin-Williams Co. 0.02% 400 $137K No change
UHAL U-Haul Holding Co. 0.02% 2,045 $124K No change
SW Smurfit Westrock PLC 0.02% 2,867 $124K No change
NDSN Nordson Corp. 0.02% 565 $121K No change
GAUZ Gauzy Ltd. 0.02% 14,150 $119K Reduce -62.8%
IWM iShares Russell 2000 ETF 0.01% 400 $86K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.01% 100 $62K No change
OKLO Oklo Inc. 0.01% 1,000 $56K New
ULTA Ulta Beauty Inc. 0.01% 100 $47K Reduce -98.1%
TGT Target Corp. 0.01% 400 $39K No change
HD Home Depot Inc. 0.01% 100 $37K No change
CWST Casella Waste Systems Inc. Class A 0.00% 275 $32K No change
MULTISENSOR AI HOLDINGS INC 0.00% 28,350 $17K Reduce -65.5%

Portfolio Sells Q1 2025 → Q2 2025
BECN Beacon Roofing Supply Inc. Sold out 0.00% −3.53
CMCO Columbus McKinnon Corp. Sold out 0.00% −0.52
AMT American Tower Corp. Reduce -29.3% 1.17% −0.45
AAPL Apple Inc. Reduce -3.4% 3.72% −0.43
XLE SS Energy Select Sector Reduce -38.1% 0.45% −0.35
PTEN Patterson-Uti Energy Inc. Sold out 0.00% −0.30
CNR Core Natural Resources Inc. Reduce -1.9% 2.40% −0.29
ULTA Ulta Beauty Inc. Reduce -98.1% 0.01% −0.28
ADM Archer-Daniels-Midland Co. Reduce -46.9% 0.37% −0.26
HAL Halliburton Co. Reduce -26.8% 0.34% −0.24
HAE Haemonetics Corp. Reduce -50.6% 0.30% −0.21
SCHW Schwab (charles) Corp. Reduce -57.5% 0.19% −0.20
GPK Graphic Packaging Holding Co. Reduce -5.3% 0.60% −0.18
OXY Occidental Petroleum Corp. Reduce -6.3% 0.67% −0.17
MTX Minerals Technologies Inc. Reduce -2.0% 0.93% −0.16
SBAC SBA Communications Corp. Reduce -14.9% 1.67% −0.16
EYE National Vision Holdings Inc. Sold out 0.00% −0.15
ECG Everus Construction Group Sold out 0.00% −0.14
CLFD Clearfield Inc. Sold out 0.00% −0.13
CCI Crown Castle Inc. Reduce -2.5% 3.54% −0.13
CMP Compass Minerals Internation Sold out 0.00% −0.13
VLO Valero Energy Corp. Reduce -66.7% 0.06% −0.12
MLM Martin Marietta Materials Reduce -26.5% 0.61% −0.11
ASUR Asure Software Inc. Reduce -45.8% 0.13% −0.10
XOP SS SPDR S&P Og Exp & Prod Reduce -6.8% 0.80% −0.09
UPS United Parcel Service Class B Reduce -3.4% 0.71% −0.09
CCJ Cameco Corp. Reduce -81.3% 0.04% −0.08
OSIS Osi Systems Inc. Reduce -29.4% 0.37% −0.08
QDEL Quidelortho Corp. Reduce -1.3% 0.35% −0.08
BWXT BWX Technologies Inc. Reduce -79.7% 0.03% −0.08
BTMD Biote Corp. Class A Sold out 0.00% −0.08
GBX Greenbrier Companies Inc. Reduce -16.6% 0.17% −0.06
RTX RTX Corp. Reduce -15.6% 0.81% −0.06
PLAB Photronics Inc. Reduce -0.6% 0.52% −0.05
AEM Agnico Eagle Mines Ltd. Reduce -17.8% 0.51% −0.05
DIS The Walt Disney Co. Reduce -43.2% 0.13% −0.05
TTI Tetra Technologies Inc. Sold out 0.00% −0.05
XOM Exxon Mobil Corp. Reduce -22.5% 0.11% −0.05
FDX FedEx Corp. Reduce -8.1% 0.27% −0.04
B Barrick Gold Corp. Reduce -10.2% 1.10% −0.04
CRWS Crown Crafts Inc. Reduce -32.7% 0.04% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -28.0% 0.06% −0.03
GBCI Glacier Bancorp Inc. Sold out 0.00% −0.03
PCYO Pure Cycle Corp. Sold out 0.00% −0.03
GAUZ Gauzy Ltd. Reduce -62.8% 0.02% −0.03
TRGP Targa Resources Corp. Sold out 0.00% −0.03
MU Micron Technology Inc. Sold out 0.00% −0.03
MOD Modine Manufacturing Co. Sold out 0.00% −0.02
HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.02
GS Goldman Sachs Group Inc. Sold out 0.00% −0.02

Portfolio Buys Q1 2025 → Q2 2025
GOOGL Alphabet Inc. Class A Add +15.0% 5.46% +1.31
OSK Oshkosh Corp. Add +3.9% 2.72% +0.56
COHR Coherent Corp. Add +2.4% 1.88% +0.55
TAP Molson Coors Beverage Co. Class B Add +192.9% 0.77% +0.44
UNH Unitedhealth Group Inc. New 0.35% +0.35
MTUS Metallus Inc. New 0.33% +0.33
ADEA Adeia Inc. Add +37.7% 0.87% +0.28
NATR Natures Sunshine Prods Inc. Add +12.6% 1.04% +0.26
GEHC GE Healthcare Technology Add +26.1% 1.66% +0.23
ICLR Icon PLC New 0.21% +0.21
LKQ LKQ Corp. Add +84.7% 0.53% +0.20
TMO Thermo Fisher Scientific Inc. New 0.20% +0.20
ZBH Zimmer Biomet Holdings Inc. Add +179.5% 0.32% +0.18
WSC Willscot Holdings Corp. Add +27.2% 0.80% +0.17
HLMN Hillman Solutions Corp. Add +150.4% 0.32% +0.16
NEOG Neogen Corp. New 0.16% +0.16
ON On Semiconductor Add +2.1% 0.66% +0.16
GNRC Generac Holdings Inc. Add +7.2% 0.82% +0.15
ZETA Zeta Global Holdings Corp. Class A New 0.14% +0.14
MITK Mitek Systems Inc. New 0.13% +0.13
DDI Doubledown Interactive -ADR New 0.12% +0.12
BIO Bio-Rad Laboratories-A Add +700.0% 0.14% +0.12
SLB SLB Ltd. Add +68.7% 0.44% +0.12
ENS Enersys Add +19.2% 1.02% +0.11
SSNC Ss&c Technologies Holdings Add +13.1% 0.98% +0.11
SLP Simulations Plus Inc. New 0.11% +0.11
OC Owens Corning Add +8.8% 1.96% +0.10
DENN Denny's Corp. Add +11.3% 0.49% +0.10
FMC FMC Corp. Add +5.0% 2.10% +0.09
BLMN Bloomin' Brands Inc. Add +21.2% 0.22% +0.07
CHDN Churchill Downs Inc. Add +83.5% 0.16% +0.07
HCC Warrior Met Coal Inc. Add +38.2% 0.25% +0.06
OSBC Old Second Bancorp Inc. New 0.06% +0.06
MHK Mohawk Industries Inc. New 0.06% +0.06
THRY Thryv Holdings Inc. Add +47.4% 0.20% +0.06
QXO Qxo Inc. New 0.05% +0.05
VNT Vontier Corp. Add +5.7% 0.34% +0.05
TMUS T-Mobile US Inc. Add +20.2% 0.70% +0.05
KOP Koppers Holdings Inc. Add +15.7% 0.20% +0.05
MATW Matthews Intl Corp. Class A Add +3.5% 0.45% +0.05
EXAS Exact Sciences Corp. Add +7.5% 0.16% +0.04
HOG Harley-Davidson Inc. Add +33.2% 0.20% +0.04
LAKE Lakeland Industries Inc. New 0.03% +0.03
TSLA Tesla Inc. New 0.03% +0.03
BBY Best Buy Co. Inc. Add +26.9% 0.16% +0.02
TWIN Twin Disc Inc. Add +31.3% 0.05% +0.02
OKLO Oklo Inc. New 0.01% +0.01
BC Brunswick Corp. Add +1.2% 0.17% +0.01
CCOI Cogent Communications Holdin Add +27.4% 0.72% +0.00
LOVE The Lovesac Co. Add +0.2% 0.50% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 166$813.9MUNP, GOOGL, DBD, GM, AAPL
Q1 2026 155$763.0MUNP, GOOGL, DBD, GM, AAPL
Q4 2025 150$737.1MUNP, GOOGL, GM, DBD, AAPL
Q3 2025 152$723.5MUNP, GOOGL, GM, DBD, AAPL
Q2 2025 152$689.5MUNP, GOOGL, DBD, GM, AAPL
Q1 2025 153$692.7MUNP, AAPL, GOOGL, GM, CCI
Q4 2024 150$715.8MUNP, AAPL, GOOGL, GM, ARCH
Q3 2024 154$737.1MUNP, AAPL, ARCH, CCI, GOOGL
Q2 2024 156$705.4MUNP, AAPL, ARCH, GOOGL, GM
Q1 2024 152$723.9MUNP, ARCH, AAPL, GM, GOOGL