Skylands Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Skylands Capital, LLC reported 152 stock positions worth $723.5 million. Its top holding was Union Pacific (UNP) at 7.3% of the portfolio, followed by Alphabet Class A (GOOGL, 6.2%) and General Motors (GM, 4.1%). Compared with Q2 2025, it opened 11 new positions, sold out of 11, added to 42 and reduced 90. The biggest buy was a new position in Barrick Mining (B) and the biggest sale an exit from Barrick Gold (B).
- Most Recent 13F
- Q2 2026
- Location
- Milwaukee, WI
- CIK
- 0001299910
- Portfolio Value
- $723.5M (Q3 2025)
- SEC Filing
- 0001821268-25-000227 ↗ filed Nov 6, 2025
Holdings Value
Holdings 152 stocks · $723.5M
| UNP Union Pacific Corp. | 7.33% | 224,350 | $53.0M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 6.17% | 183,685 | $44.7M | Reduce -14.1% |
| GM General Motors Co. | 4.05% | 480,715 | $29.3M | Reduce -10.5% |
| DBD Diebold Nixdorf Inc. | 3.84% | 486,520 | $27.7M | Reduce -8.8% |
| AAPL Apple Inc. | 3.79% | 107,585 | $27.4M | Reduce -14.0% |
| CCI Crown Castle Inc. | 3.29% | 246,750 | $23.8M | Add +3.9% |
| OSK Oshkosh Corp. | 2.61% | 145,750 | $18.9M | Reduce -11.8% |
| CNR Core Natural Resources Inc. | 2.56% | 222,022 | $18.5M | Reduce -6.5% |
| NSC Norfolk Southern Corp. | 2.48% | 59,680 | $17.9M | Add +3.9% |
| SBAC SBA Communications Corp. | 2.25% | 84,130 | $16.3M | Add +71.7% |
| OC Owens Corning | 1.93% | 98,585 | $13.9M | Add +0.1% |
| V Visa Inc. Class A | 1.86% | 39,510 | $13.5M | Reduce -1.7% |
| C Citigroup Inc. | 1.77% | 126,325 | $12.8M | Reduce -9.7% |
| COHR Coherent Corp. | 1.75% | 117,735 | $12.7M | Reduce -18.8% |
| FMC FMC Corp. | 1.54% | 330,675 | $11.1M | Reduce -4.9% |
| GEHC GE Healthcare Technology | 1.50% | 144,390 | $10.8M | Reduce -6.3% |
| B Barrick Mining Corp. | 1.40% | 309,175 | $10.1M | New |
| CSX CSX Corp. | 1.35% | 275,775 | $9.8M | Reduce -8.7% |
| EXP Eagle Materials Inc. | 1.31% | 40,615 | $9.5M | Reduce -14.9% |
| GLD SPDR Gold Shares | 1.29% | 26,275 | $9.3M | Reduce -6.9% |
| WAB Wabtec Corp. | 1.25% | 45,015 | $9.0M | Reduce -17.9% |
| LOPE Grand Canyon Education Inc. | 1.22% | 40,120 | $8.8M | Reduce -6.5% |
| KEX Kirby Corp. | 1.21% | 105,150 | $8.8M | Add +80.0% |
| WMB Williams Cos Inc. | 1.17% | 133,675 | $8.5M | Reduce -4.7% |
| ADEA Adeia Inc. | 1.15% | 497,300 | $8.4M | Add +17.5% |
| TAP Molson Coors Beverage Co. Class B | 1.13% | 180,650 | $8.2M | Add +63.9% |
| JPM JPMorgan Chase & Co. | 1.11% | 25,505 | $8.0M | Reduce -15.1% |
| AMT American Tower Corp. | 1.11% | 41,720 | $8.0M | Add +14.3% |
| JYNT The Joint Corp. | 1.10% | 832,278 | $7.9M | Add +6.8% |
| ENS Enersys | 1.07% | 68,805 | $7.8M | Reduce -16.4% |
| BMY Bristol-Myers Squibb Co. | 1.00% | 160,880 | $7.3M | Reduce -3.3% |
| MP MP Materials Corp. | 0.98% | 105,350 | $7.1M | Reduce -23.9% |
| SSNC Ss&c Technologies Holdings | 0.91% | 73,900 | $6.6M | Reduce -9.4% |
| ALGN Align Technology Inc. | 0.83% | 48,200 | $6.0M | Add +470.4% |
| ELAN Elanco Animal Health Inc. | 0.82% | 295,200 | $5.9M | Reduce -31.9% |
| MTX Minerals Technologies Inc. | 0.80% | 92,780 | $5.8M | Reduce -20.1% |
| RTX RTX Corp. | 0.79% | 34,160 | $5.7M | Reduce -10.7% |
| XOP SS SPDR S&P Og Exp & Prod | 0.76% | 41,380 | $5.5M | Reduce -5.6% |
| LKQ LKQ Corp. | 0.75% | 178,150 | $5.4M | Add +80.3% |
| OXY Occidental Petroleum Corp. | 0.71% | 108,160 | $5.1M | Reduce -2.2% |
| WSC Willscot Holdings Corp. | 0.70% | 241,150 | $5.1M | Add +19.5% |
| NATR Natures Sunshine Prods Inc. | 0.69% | 323,350 | $5.0M | Reduce -33.5% |
| UNH Unitedhealth Group Inc. | 0.69% | 14,430 | $5.0M | Add +87.0% |
| DENN Denny's Corp. | 0.67% | 932,050 | $4.9M | Add +12.3% |
| META Meta Platforms Inc. Class A | 0.66% | 6,505 | $4.8M | Add +0.1% |
| GPK Graphic Packaging Holding Co. | 0.65% | 240,050 | $4.7M | Add +22.0% |
| JOUT Johnson Outdoors Inc. Class A | 0.63% | 113,136 | $4.6M | Reduce -40.3% |
| AEM Agnico Eagle Mines Ltd. | 0.60% | 25,940 | $4.4M | Reduce -12.2% |
| TMUS T-Mobile US Inc. | 0.59% | 17,880 | $4.3M | Reduce -12.3% |
| HLLY Holley Inc. | 0.59% | 1,349,450 | $4.2M | Reduce -0.1% |
| UPS United Parcel Service Class B | 0.57% | 49,540 | $4.1M | Add +2.3% |
| CCOI Cogent Communications Holdin | 0.56% | 106,325 | $4.1M | Add +2.6% |
| GNRC Generac Holdings Inc. | 0.56% | 24,160 | $4.0M | Reduce -39.0% |
| HAE Haemonetics Corp. | 0.55% | 81,369 | $4.0M | Add +195.3% |
| NEM Newmont Corp. | 0.52% | 44,625 | $3.8M | Reduce -11.4% |
| MLM Martin Marietta Materials | 0.52% | 5,945 | $3.7M | Reduce -22.0% |
| ON On Semiconductor | 0.51% | 75,370 | $3.7M | Reduce -12.9% |
| SIMO Silicon Motion Technol-ADR | 0.51% | 38,594 | $3.7M | Reduce -25.8% |
| LECO Lincoln Electric Holdings | 0.49% | 15,180 | $3.6M | Reduce -11.0% |
| MBLY Mobileye Global Inc. Class A | 0.45% | 233,050 | $3.3M | Add +861.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.45% | 95,250 | $3.3M | Add +6.3% |
| LOVE The Lovesac Co. | 0.44% | 189,950 | $3.2M | Reduce -0.4% |
| PLAB Photronics Inc. | 0.44% | 139,175 | $3.2M | Reduce -26.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.43% | 60,825 | $3.1M | Reduce -4.0% |
| QDEL Quidelortho Corp. | 0.43% | 104,825 | $3.1M | Add +26.6% |
| MTUS Metallus Inc. | 0.42% | 184,300 | $3.0M | Add +26.2% |
| XLE SS Energy Select Sector | 0.41% | 33,200 | $3.0M | Reduce -9.5% |
| HAL Halliburton Co. | 0.41% | 119,600 | $2.9M | Add +3.1% |
| MATW Matthews Intl Corp. Class A | 0.40% | 118,884 | $2.9M | Reduce -8.5% |
| HLMN Hillman Solutions Corp. | 0.38% | 298,300 | $2.7M | Reduce -3.9% |
| SCHW Schwab (charles) Corp. | 0.36% | 27,550 | $2.6M | Add +87.4% |
| AMZN Amazon.com Inc. | 0.36% | 11,875 | $2.6M | Reduce -18.2% |
| HCC Warrior Met Coal Inc. | 0.34% | 39,200 | $2.5M | Add +3.2% |
| GOOG Alphabet Inc. Class C | 0.32% | 9,500 | $2.3M | No change |
| MITK Mitek Systems Inc. | 0.30% | 225,296 | $2.2M | Add +140.0% |
| NPKI NPK International Inc. | 0.29% | 184,000 | $2.1M | Reduce -15.8% |
| AIN Albany Intl Corp. Class A | 0.28% | 37,375 | $2.0M | New |
| CTSO Cytosorbents Corp. | 0.27% | 2,127,265 | $2.0M | Reduce -18.7% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.27% | 38,215 | $1.9M | Add +28.7% |
| ADM Archer-Daniels-Midland Co. | 0.26% | 32,040 | $1.9M | Reduce -33.6% |
| SPGI S&P Global Inc. | 0.26% | 3,880 | $1.9M | Add +100.5% |
| FCG First Trust Natural Gas ETF | 0.26% | 79,500 | $1.9M | Add +53.2% |
| FDX FedEx Corp. | 0.26% | 7,825 | $1.8M | Reduce -5.4% |
| TKR Timken Co. | 0.25% | 24,150 | $1.8M | Add +1.1% |
| ATRO Astronics Corp. | 0.25% | 39,400 | $1.8M | Reduce -21.8% |
| VNT Vontier Corp. | 0.25% | 42,800 | $1.8M | Reduce -32.5% |
| KOP Koppers Holdings Inc. | 0.25% | 63,380 | $1.8M | Add +50.5% |
| EXAS Exact Sciences Corp. | 0.24% | 32,175 | $1.8M | Add +54.1% |
| THRY Thryv Holdings Inc. | 0.23% | 138,000 | $1.7M | Add +23.3% |
| BLMN Bloomin' Brands Inc. | 0.23% | 230,350 | $1.7M | Add +31.1% |
| SLGN Silgan Holdings Inc. | 0.23% | 38,150 | $1.6M | New |
| IRDM Iridium Communications Inc. | 0.19% | 79,500 | $1.4M | Add +8.3% |
| AEYE Audioeye Inc. | 0.18% | 92,774 | $1.3M | Add +37.5% |
| WCC Wesco International Inc. | 0.17% | 5,760 | $1.2M | Reduce -38.8% |
| BC Brunswick Corp. | 0.17% | 19,025 | $1.2M | Reduce -12.8% |
| GBX Greenbrier Companies Inc. | 0.16% | 25,565 | $1.2M | Reduce -1.5% |
| BBY Best Buy Co. Inc. | 0.16% | 15,575 | $1.2M | Reduce -3.0% |
| ICLR Icon PLC | 0.16% | 6,700 | $1.2M | Reduce -32.0% |
| REGN Regeneron Pharmaceuticals | 0.16% | 2,065 | $1.2M | New |
| MATX Matson Inc. | 0.16% | 11,600 | $1.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| B Barrick Gold Corp. | Sold out | 0.00% | −1.10 |
| FMC FMC Corp. | Reduce -4.9% | 1.54% | −0.57 |
| DBD Diebold Nixdorf Inc. | Reduce -8.8% | 3.84% | −0.45 |
| WAB Wabtec Corp. | Reduce -17.9% | 1.25% | −0.42 |
| NATR Natures Sunshine Prods Inc. | Reduce -33.5% | 0.69% | −0.35 |
| OSIS Osi Systems Inc. | Reduce -85.3% | 0.06% | −0.31 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -84.2% | 0.05% | −0.26 |
| GNRC Generac Holdings Inc. | Reduce -39.0% | 0.56% | −0.26 |
| UNP Union Pacific Corp. | Reduce -1.2% | 7.33% | −0.25 |
| CTSO Cytosorbents Corp. | Reduce -18.7% | 0.27% | −0.21 |
| V Visa Inc. Class A | Reduce -1.7% | 1.86% | −0.21 |
| JOUT Johnson Outdoors Inc. Class A | Reduce -40.3% | 0.63% | −0.20 |
| HOG Harley-Davidson Inc. | Reduce -89.2% | 0.02% | −0.17 |
| NEOG Neogen Corp. | Sold out | 0.00% | −0.16 |
| GEHC GE Healthcare Technology | Reduce -6.3% | 1.50% | −0.16 |
| BOOT Boot Barn Holdings Inc. | Reduce -66.1% | 0.08% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -15.1% | 1.11% | −0.15 |
| ON On Semiconductor | Reduce -12.9% | 0.51% | −0.14 |
| MTX Minerals Technologies Inc. | Reduce -20.1% | 0.80% | −0.13 |
| DDI Doubledown Interactive -ADR | Sold out | 0.00% | −0.12 |
| COHR Coherent Corp. | Reduce -18.8% | 1.75% | −0.12 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.3% | 1.00% | −0.11 |
| TMUS T-Mobile US Inc. | Reduce -12.3% | 0.59% | −0.11 |
| OSK Oshkosh Corp. | Reduce -11.8% | 2.61% | −0.11 |
| WMB Williams Cos Inc. | Reduce -4.7% | 1.17% | −0.11 |
| ADM Archer-Daniels-Midland Co. | Reduce -33.6% | 0.26% | −0.10 |
| CHDN Churchill Downs Inc. | Reduce -60.4% | 0.06% | −0.10 |
| AMZN Amazon.com Inc. | Reduce -18.2% | 0.36% | −0.10 |
| EXP Eagle Materials Inc. | Reduce -14.9% | 1.31% | −0.09 |
| VNT Vontier Corp. | Reduce -32.5% | 0.25% | −0.09 |
| MLM Martin Marietta Materials | Reduce -22.0% | 0.52% | −0.09 |
| WCC Wesco International Inc. | Reduce -38.8% | 0.17% | −0.08 |
| BLK BlackRock Finance Inc. | Reduce -78.5% | 0.02% | −0.08 |
| ELAN Elanco Animal Health Inc. | Reduce -31.9% | 0.82% | −0.08 |
| CSX CSX Corp. | Reduce -8.7% | 1.35% | −0.08 |
| PLAB Photronics Inc. | Reduce -26.3% | 0.44% | −0.07 |
| SSNC Ss&c Technologies Holdings | Reduce -9.4% | 0.91% | −0.07 |
| DIS The Walt Disney Co. | Reduce -47.3% | 0.06% | −0.07 |
| GENK Gen Restaurant Group Inc. | Reduce -10.9% | 0.10% | −0.06 |
| TDG Transdigm Group Inc. | Reduce -16.8% | 0.14% | −0.06 |
| SIMO Silicon Motion Technol-ADR | Reduce -25.8% | 0.51% | −0.06 |
| MHK Mohawk Industries Inc. | Sold out | 0.00% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -38.8% | 0.14% | −0.06 |
| LOVE The Lovesac Co. | Reduce -0.4% | 0.44% | −0.06 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -51.3% | 0.09% | −0.06 |
| QXO Qxo Inc. | Sold out | 0.00% | −0.05 |
| ASUR Asure Software Inc. | Reduce -28.3% | 0.07% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -54.3% | 0.04% | −0.05 |
| MATW Matthews Intl Corp. Class A | Reduce -8.5% | 0.40% | −0.05 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| B Barrick Mining Corp. | New | 1.40% | +1.40 |
| ALGN Align Technology Inc. | Add +470.4% | 0.83% | +0.60 |
| SBAC SBA Communications Corp. | Add +71.7% | 2.25% | +0.58 |
| MBLY Mobileye Global Inc. Class A | Add +861.0% | 0.45% | +0.39 |
| TAP Molson Coors Beverage Co. Class B | Add +63.9% | 1.13% | +0.36 |
| NSC Norfolk Southern Corp. | Add +3.9% | 2.48% | +0.35 |
| UNH Unitedhealth Group Inc. | Add +87.0% | 0.69% | +0.34 |
| ADEA Adeia Inc. | Add +17.5% | 1.15% | +0.29 |
| AIN Albany Intl Corp. Class A | New | 0.28% | +0.28 |
| KEX Kirby Corp. | Add +80.0% | 1.21% | +0.25 |
| HAE Haemonetics Corp. | Add +195.3% | 0.55% | +0.25 |
| SLGN Silgan Holdings Inc. | New | 0.23% | +0.23 |
| LKQ LKQ Corp. | Add +80.3% | 0.75% | +0.22 |
| DENN Denny's Corp. | Add +12.3% | 0.67% | +0.18 |
| MITK Mitek Systems Inc. | Add +140.0% | 0.30% | +0.17 |
| SCHW Schwab (charles) Corp. | Add +87.4% | 0.36% | +0.17 |
| REGN Regeneron Pharmaceuticals | New | 0.16% | +0.16 |
| MATX Matson Inc. | New | 0.16% | +0.16 |
| SPGI S&P Global Inc. | Add +100.5% | 0.26% | +0.11 |
| MTUS Metallus Inc. | Add +26.2% | 0.42% | +0.09 |
| HCC Warrior Met Coal Inc. | Add +3.2% | 0.34% | +0.09 |
| CLFD Clearfield Inc. | New | 0.09% | +0.09 |
| FCG First Trust Natural Gas ETF | Add +53.2% | 0.26% | +0.08 |
| EXAS Exact Sciences Corp. | Add +54.1% | 0.24% | +0.08 |
| QDEL Quidelortho Corp. | Add +26.6% | 0.43% | +0.08 |
| AEYE Audioeye Inc. | Add +37.5% | 0.18% | +0.06 |
| HAL Halliburton Co. | Add +3.1% | 0.41% | +0.06 |
| JBSS John B. Sanfilippo & Son Inc. | New | 0.06% | +0.06 |
| MTW Manitowoc Company Inc. | New | 0.06% | +0.06 |
| KLAR Klarna Group PLC | New | 0.05% | +0.05 |
| KOP Koppers Holdings Inc. | Add +50.5% | 0.25% | +0.05 |
| GPK Graphic Packaging Holding Co. | Add +22.0% | 0.65% | +0.05 |
| INR Infinity Natural Resour Class A | New | 0.05% | +0.05 |
| COO The Cooper Cos Inc. | New | 0.04% | +0.04 |
| OSBC Old Second Bancorp Inc. | Add +79.9% | 0.10% | +0.04 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +28.7% | 0.27% | +0.03 |
| THRY Thryv Holdings Inc. | Add +23.3% | 0.23% | +0.03 |
| OKLO Oklo Inc. | Add +163.1% | 0.04% | +0.03 |
| TWIN Twin Disc Inc. | Add +7.8% | 0.08% | +0.03 |
| SLB SLB Ltd. | Add +6.3% | 0.45% | +0.01 |
| BLMN Bloomin' Brands Inc. | Add +31.1% | 0.23% | +0.01 |
| GATX Gatx Corp. | Add +4.0% | 0.06% | +0.01 |
| TKR Timken Co. | Add +1.1% | 0.25% | −0.00 |
| SPWH Sportsman's Warehouse Holdin | Add +19.4% | 0.15% | −0.01 |
| META Meta Platforms Inc. Class A | Add +0.1% | 0.66% | −0.03 |
| OC Owens Corning | Add +0.1% | 1.93% | −0.04 |
| AMT American Tower Corp. | Add +14.3% | 1.11% | −0.06 |
| WSC Willscot Holdings Corp. | Add +19.5% | 0.70% | −0.10 |
| IRDM Iridium Communications Inc. | Add +8.3% | 0.19% | −0.13 |
| UPS United Parcel Service Class B | Add +2.3% | 0.57% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 166 | $813.9M | UNP, GOOGL, DBD, GM, AAPL |
| Q1 2026 | 155 | $763.0M | UNP, GOOGL, DBD, GM, AAPL |
| Q4 2025 | 150 | $737.1M | UNP, GOOGL, GM, DBD, AAPL |
| Q3 2025 | 152 | $723.5M | UNP, GOOGL, GM, DBD, AAPL |
| Q2 2025 | 152 | $689.5M | UNP, GOOGL, DBD, GM, AAPL |
| Q1 2025 | 153 | $692.7M | UNP, AAPL, GOOGL, GM, CCI |
| Q4 2024 | 150 | $715.8M | UNP, AAPL, GOOGL, GM, ARCH |
| Q3 2024 | 154 | $737.1M | UNP, AAPL, ARCH, CCI, GOOGL |
| Q2 2024 | 156 | $705.4M | UNP, AAPL, ARCH, GOOGL, GM |
| Q1 2024 | 152 | $723.9M | UNP, ARCH, AAPL, GM, GOOGL |