Skylands Capital, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), Skylands Capital, LLC reported 150 stock positions worth $737.1 million. Its top holding was Union Pacific (UNP) at 7.0% of the portfolio, followed by Alphabet Class A (GOOGL, 6.3%) and General Motors (GM, 4.9%). Compared with Q3 2025, it opened 12 new positions, sold out of 14, added to 47 and reduced 70. The biggest buy was T-Mobile US (TMUS, shares +145%) and the biggest sale FMC (FMC, shares −43%).

Most Recent 13F
Q2 2026
Location
Milwaukee, WI
CIK
0001299910
Portfolio Value
$737.1M (Q4 2025)
SEC Filing
0001821268-26-000016 ↗ filed Jan 30, 2026

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 Q2 2025 Q3 2025: $723.5M Q3 2025 Q4 2025: $737.1M $737.1M Q4 2025 Q1 2026: $763.0M Q1 2026 Q2 2026: $813.9M Q2 2026

Holdings 150 stocks · $737.1M
UNP Union Pacific Corp. 6.99% 222,895 $51.6M Reduce -0.7%
GOOGL Alphabet Inc. Class A 6.30% 148,300 $46.4M Reduce -19.3%
GM General Motors Co. 4.90% 443,965 $36.1M Reduce -7.6%
DBD Diebold Nixdorf Inc. 4.37% 474,060 $32.2M Reduce -2.6%
AAPL Apple Inc. 3.59% 97,270 $26.4M Reduce -9.6%
CCI Crown Castle Inc. 3.16% 262,050 $23.3M Add +6.2%
CNR Core Natural Resources Inc. 2.61% 217,713 $19.3M Reduce -1.9%
SBAC SBA Communications Corp. 2.54% 96,715 $18.7M Add +15.0%
OSK Oshkosh Corp. 2.37% 139,100 $17.5M Reduce -4.6%
NSC Norfolk Southern Corp. 2.27% 57,880 $16.7M Reduce -3.0%
OC Owens Corning 2.10% 138,020 $15.4M Add +40.0%
C Citigroup Inc. 1.99% 125,800 $14.7M Reduce -0.4%
V Visa Inc. Class A 1.76% 36,975 $13.0M Reduce -6.4%
B Barrick Mining Corp. 1.60% 271,325 $11.8M Reduce -12.2%
COHR Coherent Corp. 1.58% 63,170 $11.7M Reduce -46.4%
TAP Molson Coors Beverage Co. Class B 1.57% 248,325 $11.6M Add +37.5%
KEX Kirby Corp. 1.56% 104,433 $11.5M Reduce -0.7%
AMT American Tower Corp. 1.52% 63,730 $11.2M Add +52.8%
GEHC GE Healthcare Technology 1.40% 125,540 $10.3M Reduce -13.1%
GLD SPDR Gold Shares 1.35% 25,040 $9.9M Reduce -4.7%
ADEA Adeia Inc. 1.34% 572,243 $9.9M Add +15.1%
CSX CSX Corp. 1.30% 263,425 $9.5M Reduce -4.5%
WAB Wabtec Corp. 1.29% 44,415 $9.5M Reduce -1.3%
TMUS T-Mobile US Inc. 1.21% 43,780 $8.9M Add +144.8%
EXP Eagle Materials Inc. 1.13% 40,415 $8.4M Reduce -0.5%
JPM JPMorgan Chase & Co. 1.11% 25,450 $8.2M Reduce -0.2%
WMB Williams Cos Inc. 1.08% 132,825 $8.0M Reduce -0.6%
XOP SS SPDR S&P Og Exp & Prod 1.06% 61,630 $7.8M Add +48.9%
JYNT The Joint Corp. 1.05% 890,045 $7.8M Add +6.9%
BMY Bristol-Myers Squibb Co. 1.03% 142,480 $7.6M Reduce -11.4%
ENS Enersys 1.02% 51,230 $7.5M Reduce -25.5%
LOPE Grand Canyon Education Inc. 0.96% 42,475 $7.1M Add +5.9%
SSNC Ss&c Technologies Holdings 0.96% 80,700 $7.1M Add +9.2%
LKQ LKQ Corp. 0.89% 216,800 $6.5M Add +21.7%
RTX RTX Corp. 0.84% 33,860 $6.2M Reduce -0.9%
GPK Graphic Packaging Holding Co. 0.79% 384,900 $5.8M Add +60.3%
META Meta Platforms Inc. Class A 0.73% 8,205 $5.4M Add +26.1%
MP MP Materials Corp. 0.72% 104,580 $5.3M Reduce -0.7%
UPS United Parcel Service Class B 0.69% 51,545 $5.1M Add +4.0%
SIMO Silicon Motion Technol-ADR 0.67% 53,219 $4.9M Add +37.9%
ELAN Elanco Animal Health Inc. 0.66% 213,600 $4.8M Reduce -27.6%
SCHW Schwab (charles) Corp. 0.64% 47,000 $4.7M Add +70.6%
MTX Minerals Technologies Inc. 0.64% 77,005 $4.7M Reduce -17.0%
LOVE The Lovesac Co. 0.58% 291,397 $4.3M Add +53.4%
HLLY Holley Inc. 0.58% 1,035,800 $4.3M Reduce -23.2%
XLE SS Energy Select Sector 0.58% 95,400 $4.3M Add +43.7%
AEM Agnico Eagle Mines Ltd. 0.56% 24,405 $4.1M Reduce -5.9%
ON On Semiconductor 0.54% 73,670 $4.0M Reduce -2.3%
NEM Newmont Corp. 0.53% 39,125 $3.9M Reduce -12.3%
NATR Natures Sunshine Prods Inc. 0.53% 180,750 $3.9M Reduce -44.1%
GNRC Generac Holdings Inc. 0.53% 28,395 $3.9M Add +17.5%
QDEL Quidelortho Corp. 0.52% 134,704 $3.8M Add +28.5%
MLM Martin Marietta Materials 0.50% 5,945 $3.7M No change
DENN Denny's Corp. 0.49% 583,150 $3.6M Reduce -37.4%
LECO Lincoln Electric Holdings 0.49% 15,080 $3.6M Reduce -0.7%
WSC Willscot Holdings Corp. 0.48% 189,100 $3.6M Reduce -21.6%
JOUT Johnson Outdoors Inc. Class A 0.48% 83,500 $3.5M Reduce -26.2%
MTUS Metallus Inc. 0.48% 205,550 $3.5M Add +11.5%
SLB SLB Ltd. filed as SLB LIMITED 0.46% 88,300 $3.4M Reduce -7.3%
HLMN Hillman Solutions Corp. 0.45% 378,950 $3.3M Add +27.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.44% 58,625 $3.2M Reduce -3.6%
AMZN Amazon.com Inc. 0.43% 13,875 $3.2M Add +16.8%
MITK Mitek Systems Inc. 0.43% 302,616 $3.2M Add +34.3%
ALGN Align Technology Inc. 0.43% 20,400 $3.2M Reduce -57.7%
AIN Albany Intl Corp. Class A 0.43% 62,050 $3.1M Add +66.0%
UHAL.B U-Haul Holding Co.-Non Voting 0.42% 66,665 $3.1M Add +74.5%
HAL Halliburton Co. 0.41% 106,600 $3.0M Reduce -10.9%
MBLY Mobileye Global Inc. Class A 0.41% 286,900 $3.0M Add +23.1%
GOOG Alphabet Inc. Class C 0.40% 9,500 $3.0M No change
PLAB Photronics Inc. 0.40% 91,525 $2.9M Reduce -34.2%
HAE Haemonetics Corp. 0.40% 36,475 $2.9M Reduce -55.2%
BBY Best Buy Co. Inc. 0.39% 43,425 $2.9M Add +178.8%
UNH Unitedhealth Group Inc. 0.36% 8,020 $2.6M Reduce -44.4%
FMC FMC Corp. 0.35% 187,850 $2.6M Reduce -43.2%
TRGP Targa Resources Corp. 0.33% 13,200 $2.4M New
VNT Vontier Corp. 0.33% 65,225 $2.4M Add +52.4%
MATW Matthews Intl Corp. Class A 0.32% 91,483 $2.4M Reduce -23.1%
KOP Koppers Holdings Inc. 0.30% 80,750 $2.2M Add +27.4%
NPKI NPK International Inc. 0.27% 169,700 $2.0M Reduce -7.8%
MATX Matson Inc. 0.26% 15,700 $1.9M Add +35.3%
FCG First Trust Natural Gas ETF 0.26% 80,900 $1.9M Add +1.8%
SLGN Silgan Holdings Inc. 0.23% 42,900 $1.7M Add +12.4%
TKR Timken Co. 0.22% 19,550 $1.6M Reduce -19.1%
ATRO Astronics Corp. 0.21% 28,800 $1.6M Reduce -26.9%
BLMN Bloomin' Brands Inc. 0.21% 247,650 $1.5M Add +7.5%
ADM Archer-Daniels-Midland Co. 0.20% 26,175 $1.5M Reduce -18.3%
BC Brunswick Corp. 0.19% 19,125 $1.4M Add +0.5%
WCC Wesco International Inc. 0.19% 5,630 $1.4M Reduce -2.3%
PGR Progressive Corp. 0.19% 6,025 $1.4M New
AEYE Audioeye Inc. 0.18% 133,250 $1.3M Add +43.6%
CCOI Cogent Communications Holdin 0.18% 61,575 $1.3M Reduce -42.1%
OXY Occidental Petroleum Corp. 0.17% 30,910 $1.3M Reduce -71.4%
GBX Greenbrier Companies Inc. 0.16% 25,415 $1.2M Reduce -0.6%
CTSO Cytosorbents Corp. 0.16% 1,854,515 $1.2M Reduce -12.8%
SAM Boston Beer Company Inc. Class A 0.16% 6,050 $1.2M New
HCC Warrior Met Coal Inc. 0.16% 13,250 $1.2M Reduce -66.2%
CSGP Costar Group Inc. 0.16% 17,050 $1.1M New
BIO Bio-Rad Laboratories-A 0.15% 3,600 $1.1M Add +18.0%
XRAY Dentsply Sirona Inc. 0.15% 94,400 $1.1M New
ICLR Icon PLC 0.14% 5,650 $1.0M Reduce -15.7%
TDG Transdigm Group Inc. 0.14% 770 $1.0M No change
CBOE Cboe Global Markets Inc. 0.14% 4,000 $1.0M No change
SPWH Sportsman's Warehouse Holdin 0.13% 639,800 $934K Add +62.8%
SPGI S&P Global Inc. 0.13% 1,780 $930K Reduce -54.1%
ZBH Zimmer Biomet Holdings Inc. 0.12% 10,121 $910K Add +169.1%
MHK Mohawk Industries Inc. 0.12% 7,900 $863K New
ZETA Zeta Global Holdings Corp. Class A 0.11% 41,000 $834K Add +31.8%
THRY Thryv Holdings Inc. 0.11% 129,600 $784K Reduce -6.1%
TWIN Twin Disc Inc. 0.10% 44,200 $737K Add +5.1%
CENTA Central Garden and Pet Co. Class A 0.10% 24,600 $718K New
RJF Raymond James Financial Inc. 0.10% 4,437 $710K No change
DNOW Dnow Inc. 0.09% 49,633 $658K New
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC 0.09% 9,100 $642K Add +27.8%
DEC Diversified Energy Co. 0.08% 42,100 $610K New
MTW Manitowoc Company Inc. 0.08% 50,505 $606K Add +17.1%
TNC Tennant Co. 0.08% 7,600 $560K New
GATX Gatx Corp. 0.07% 3,220 $546K Add +24.1%
BOOT Boot Barn Holdings Inc. 0.07% 2,909 $513K Reduce -19.5%
GLOO Gloo Holdings Inc. Class A 0.07% 89,770 $511K New
IRDM Iridium Communications Inc. 0.06% 26,800 $466K Reduce -66.3%
QQQ Invesco QQQ Trust Series 1 0.06% 750 $461K No change
XOM Exxon Mobil Corp. 0.06% 3,816 $459K Reduce -31.4%
GENK Gen Restaurant Group Inc. 0.05% 180,006 $380K Reduce -29.0%
QRHC Quest Resource Holding Corp. 0.05% 196,950 $366K Reduce -3.9%
HOG Harley-Davidson Inc. 0.04% 16,000 $328K Add +158.1%
MSFT Microsoft Corp. 0.04% 645 $312K Add +4.0%
XPOF Xponential Fitness Inc. Class A 0.04% 37,000 $305K Reduce -74.4%
MA Mastercard Inc. Class A 0.04% 530 $303K No change
BRK.B Berkshire Hathaway Inc. Class B 0.04% 600 $302K Reduce -25.0%
ASUR Asure Software Inc. 0.04% 27,427 $258K Reduce -56.9%
GD General Dynamics Corp. 0.03% 725 $244K No change
VLO Valero Energy Corp. 0.03% 1,350 $220K Reduce -52.6%
FDX FedEx Corp. 0.03% 725 $209K Reduce -90.7%
CCK Crown Holdings Inc. 0.03% 1,800 $185K No change
BLK BlackRock Inc. 0.02% 140 $150K New
EXAS Exact Sciences Corp. 0.02% 1,225 $124K Reduce -96.2%
UHAL U-Haul Holding Co. 0.01% 2,045 $103K No change
SW Smurfit Westrock PLC 0.01% 2,617 $101K Reduce -7.1%
IWM iShares Russell 2000 ETF 0.01% 400 $98K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 675 $77K Reduce -81.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.01% 100 $68K No change
ACCO Acco Brands Corp. 0.01% 18,000 $67K No change
CCJ Cameco Corp. 0.01% 700 $64K No change
NDSN Nordson Corp. 0.01% 265 $64K No change
GEV GE Vernova Inc. 0.01% 75 $49K No change
SHW The Sherwin-Williams Co. 0.01% 150 $49K No change
HD Home Depot Inc. 0.00% 100 $34K No change
ULTA Ulta Beauty Inc. 0.00% 50 $30K No change
CWST Casella Waste Systems Inc. Class A 0.00% 275 $27K No change
TGT Target Corp. 0.00% 100 $10K No change

Portfolio Sells Q3 2025 → Q4 2025
FMC FMC Corp. Reduce -43.2% 0.35% −1.18
OXY Occidental Petroleum Corp. Reduce -71.4% 0.17% −0.53
ALGN Align Technology Inc. Reduce -57.7% 0.43% −0.40
CCOI Cogent Communications Holdin Reduce -42.1% 0.18% −0.38
UNP Union Pacific Corp. Reduce -0.7% 6.99% −0.33
UNH Unitedhealth Group Inc. Reduce -44.4% 0.36% −0.33
MP MP Materials Corp. Reduce -0.7% 0.72% −0.26
OSK Oshkosh Corp. Reduce -4.6% 2.37% −0.24
FDX FedEx Corp. Reduce -90.7% 0.03% −0.23
EXAS Exact Sciences Corp. Reduce -96.2% 0.02% −0.23
WSC Willscot Holdings Corp. Reduce -21.6% 0.48% −0.22
NSC Norfolk Southern Corp. Reduce -3.0% 2.27% −0.21
AAPL Apple Inc. Reduce -9.6% 3.59% −0.20
HCC Warrior Met Coal Inc. Reduce -66.2% 0.16% −0.19
DENN Denny's Corp. Reduce -37.4% 0.49% −0.18
EXP Eagle Materials Inc. Reduce -0.5% 1.13% −0.17
COHR Coherent Corp. Reduce -46.4% 1.58% −0.17
ELAN Elanco Animal Health Inc. Reduce -27.6% 0.66% −0.17
NATR Natures Sunshine Prods Inc. Reduce -44.1% 0.53% −0.16
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.16
MTX Minerals Technologies Inc. Reduce -17.0% 0.64% −0.16
HAE Haemonetics Corp. Reduce -55.2% 0.40% −0.15
JOUT Johnson Outdoors Inc. Class A Reduce -26.2% 0.48% −0.15
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.14
SPGI S&P Global Inc. Reduce -54.1% 0.13% −0.13
IRDM Iridium Communications Inc. Reduce -66.3% 0.06% −0.13
THRY Thryv Holdings Inc. Reduce -6.1% 0.11% −0.12
XPOF Xponential Fitness Inc. Class A Reduce -74.4% 0.04% −0.11
CTSO Cytosorbents Corp. Reduce -12.8% 0.16% −0.11
V Visa Inc. Class A Reduce -6.4% 1.76% −0.11
OSBC Old Second Bancorp Inc. Sold out 0.00% −0.10
GEHC GE Healthcare Technology Reduce -13.1% 1.40% −0.10
WMB Williams Cos Inc. Reduce -0.6% 1.08% −0.09
CLFD Clearfield Inc. Sold out 0.00% −0.09
MATW Matthews Intl Corp. Class A Reduce -23.1% 0.32% −0.07
SLP Simulations Plus Inc. Sold out 0.00% −0.07
ADM Archer-Daniels-Midland Co. Reduce -18.3% 0.20% −0.06
CHDN Churchill Downs Inc. Sold out 0.00% −0.06
CSX CSX Corp. Reduce -4.5% 1.30% −0.06
OSIS Osi Systems Inc. Sold out 0.00% −0.06
ENS Enersys Reduce -25.5% 1.02% −0.05
KLAR Klarna Group PLC Sold out 0.00% −0.05
DIS The Walt Disney Co. Reduce -81.8% 0.01% −0.05
INR Infinity Natural Resour Class A Sold out 0.00% −0.05
GENK Gen Restaurant Group Inc. Reduce -29.0% 0.05% −0.04
PLAB Photronics Inc. Reduce -34.2% 0.40% −0.04
COO The Cooper Cos Inc. Sold out 0.00% −0.04
AEM Agnico Eagle Mines Ltd. Reduce -5.9% 0.56% −0.04
OKLO Oklo Inc. Sold out 0.00% −0.04
VLO Valero Energy Corp. Reduce -52.6% 0.03% −0.04

Portfolio Buys Q3 2025 → Q4 2025
TMUS T-Mobile US Inc. Add +144.8% 1.21% +0.61
TAP Molson Coors Beverage Co. Class B Add +37.5% 1.57% +0.44
AMT American Tower Corp. Add +52.8% 1.52% +0.41
TRGP Targa Resources Corp. New 0.33% +0.33
XOP SS SPDR S&P Og Exp & Prod Add +48.9% 1.06% +0.30
SBAC SBA Communications Corp. Add +15.0% 2.54% +0.29
SCHW Schwab (charles) Corp. Add +70.6% 0.64% +0.27
BBY Best Buy Co. Inc. Add +178.8% 0.39% +0.23
PGR Progressive Corp. New 0.19% +0.19
ADEA Adeia Inc. Add +15.1% 1.34% +0.18
XLE SS Energy Select Sector Add +43.7% 0.58% +0.17
OC Owens Corning Add +40.0% 2.10% +0.17
SIMO Silicon Motion Technol-ADR Add +37.9% 0.67% +0.16
SAM Boston Beer Company Inc. Class A New 0.16% +0.16
CSGP Costar Group Inc. New 0.16% +0.16
UHAL.B U-Haul Holding Co.-Non Voting Add +74.5% 0.42% +0.15
AIN Albany Intl Corp. Class A Add +66.0% 0.43% +0.15
XRAY Dentsply Sirona Inc. New 0.15% +0.15
LOVE The Lovesac Co. Add +53.4% 0.58% +0.14
GPK Graphic Packaging Holding Co. Add +60.3% 0.79% +0.14
LKQ LKQ Corp. Add +21.7% 0.89% +0.14
MITK Mitek Systems Inc. Add +34.3% 0.43% +0.13
UPS United Parcel Service Class B Add +4.0% 0.69% +0.12
MHK Mohawk Industries Inc. New 0.12% +0.12
MATX Matson Inc. Add +35.3% 0.26% +0.11
CENTA Central Garden and Pet Co. Class A New 0.10% +0.10
QDEL Quidelortho Corp. Add +28.5% 0.52% +0.10
DNOW Dnow Inc. New 0.09% +0.09
DEC Diversified Energy Co. New 0.08% +0.08
VNT Vontier Corp. Add +52.4% 0.33% +0.08
TNC Tennant Co. New 0.08% +0.08
META Meta Platforms Inc. Class A Add +26.1% 0.73% +0.07
AMZN Amazon.com Inc. Add +16.8% 0.43% +0.07
ZBH Zimmer Biomet Holdings Inc. Add +169.1% 0.12% +0.07
GLOO Gloo Holdings Inc. Class A New 0.07% +0.07
HLMN Hillman Solutions Corp. Add +27.0% 0.45% +0.07
MTUS Metallus Inc. Add +11.5% 0.48% +0.06
KOP Koppers Holdings Inc. Add +27.4% 0.30% +0.05
SSNC Ss&c Technologies Holdings Add +9.2% 0.96% +0.05
BIO Bio-Rad Laboratories-A Add +18.0% 0.15% +0.03
ZETA Zeta Global Holdings Corp. Class A Add +31.8% 0.11% +0.03
BC Brunswick Corp. Add +0.5% 0.19% +0.03
JBSS John B. Sanfilippo & Son Inc. Add +27.8% 0.09% +0.02
MTW Manitowoc Company Inc. Add +17.1% 0.08% +0.02
HOG Harley-Davidson Inc. Add +158.1% 0.04% +0.02
BLK BlackRock Inc. New 0.02% +0.02
TWIN Twin Disc Inc. Add +5.1% 0.10% +0.02
GATX Gatx Corp. Add +24.1% 0.07% +0.01
SLGN Silgan Holdings Inc. Add +12.4% 0.23% +0.01
AEYE Audioeye Inc. Add +43.6% 0.18% +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