Skylands Capital, LLC

Name: Skylands Capital, LLC 13F holdings, Q3 2025
Creator: Skylands Capital, LLC
Published: 2025-11-06

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

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
XPOF Xponential Fitness Inc. Class A	0.16%	144,400	$1.1M	Reduce -18.4%
SPWH Sportsman's Warehouse Holdin	0.15%	393,000	$1.1M	Add +19.4%
TDG Transdigm Group Inc.	0.14%	770	$1.0M	Reduce -16.8%
TMO Thermo Fisher Scientific Inc.	0.14%	2,050	$994K	Reduce -38.8%
CBOE Cboe Global Markets Inc.	0.14%	4,000	$981K	Reduce -3.6%
BIO Bio-Rad Laboratories-A	0.12%	3,050	$855K	Reduce -23.8%
RJF Raymond James Financial Inc.	0.11%	4,437	$764K	Reduce -7.3%
OSBC Old Second Bancorp Inc.	0.10%	43,350	$750K	Add +79.9%
GENK Gen Restaurant Group Inc.	0.10%	253,467	$697K	Reduce -10.9%
XOM Exxon Mobil Corp.	0.09%	5,566	$628K	Reduce -20.1%
ZETA Zeta Global Holdings Corp. Class A	0.09%	31,100	$618K	Reduce -51.3%
CLFD Clearfield Inc.	0.09%	17,882	$615K	New
BOOT Boot Barn Holdings Inc.	0.08%	3,614	$599K	Reduce -66.1%
TWIN Twin Disc Inc.	0.08%	42,054	$586K	Add +7.8%
ASUR Asure Software Inc.	0.07%	63,700	$522K	Reduce -28.3%
VLO Valero Energy Corp.	0.07%	2,850	$485K	Reduce -13.6%
SLP Simulations Plus Inc.	0.07%	31,300	$472K	Reduce -26.5%
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC	0.06%	7,123	$458K	New
GATX Gatx Corp.	0.06%	2,595	$454K	Add +4.0%
QQQ Invesco QQQ Trust Series 1	0.06%	750	$450K	No change
MTW Manitowoc Company Inc.	0.06%	43,115	$432K	New
CHDN Churchill Downs Inc.	0.06%	4,400	$427K	Reduce -60.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.06%	3,700	$424K	Reduce -47.3%
OSIS Osi Systems Inc.	0.06%	1,650	$411K	Reduce -85.3%
BRK.B Berkshire Hathaway Inc. Class B	0.06%	800	$402K	Reduce -11.1%
ZBH Zimmer Biomet Holdings Inc.	0.05%	3,761	$370K	Reduce -84.2%
KLAR Klarna Group PLC	0.05%	10,000	$367K	New
INR Infinity Natural Resour Class A	0.05%	25,850	$339K	New
MSFT Microsoft Corp.	0.04%	620	$321K	Reduce -10.8%
QRHC Quest Resource Holding Corp.	0.04%	204,827	$320K	Reduce -1.3%
COO The Cooper Cos Inc.	0.04%	4,600	$315K	New
MA Mastercard Inc. Class A	0.04%	530	$301K	Reduce -54.3%
OKLO Oklo Inc.	0.04%	2,631	$294K	Add +163.1%
GD General Dynamics Corp.	0.03%	725	$247K	No change
CCK Crown Holdings Inc.	0.02%	1,800	$174K	Reduce -25.0%
HOG Harley-Davidson Inc.	0.02%	6,200	$173K	Reduce -89.2%
BLK BlackRock Finance Inc.	0.02%	140	$163K	Reduce -78.5%
SW Smurfit Westrock PLC	0.02%	2,817	$120K	Reduce -1.7%
UHAL U-Haul Holding Co.	0.02%	2,045	$117K	No change
IWM iShares Russell 2000 ETF	0.01%	400	$97K	No change
GAUZ Gauzy Ltd.	0.01%	14,150	$90K	No change
ACCO Acco Brands Corp.	0.01%	18,000	$72K	Reduce -55.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.01%	100	$67K	No change
NDSN Nordson Corp.	0.01%	265	$60K	Reduce -53.1%
CCJ Cameco Corp.	0.01%	700	$59K	Reduce -82.0%
SHW The Sherwin-Williams Co.	0.01%	150	$52K	Reduce -62.5%
GEV GE Vernova Inc.	0.01%	75	$46K	Reduce -85.0%
CRWS Crown Crafts Inc.	0.01%	15,503	$45K	Reduce -84.9%
HD Home Depot Inc.	0.01%	100	$41K	No change
ULTA Ulta Beauty Inc.	0.00%	50	$27K	Reduce -50.0%
CWST Casella Waste Systems Inc. Class A	0.00%	275	$26K	No change
TGT Target Corp.	0.00%	100	$9K	Reduce -75.0%

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