Skylands Capital, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 22, 2026), Skylands Capital, LLC reported 155 stock positions worth $763.0 million. Its top holding was Union Pacific (UNP) at 6.9% of the portfolio, followed by Alphabet Class A (GOOGL, 5.5%) and Diebold Nixdorf (DBD, 4.5%). Compared with Q4 2025, it opened 18 new positions, sold out of 13, added to 43 and reduced 78. The biggest buy was a new position in Churchill Downs (CHDN) and the biggest sale Alphabet Class A (GOOGL, shares −1%).

Most Recent 13F
Q2 2026
Location
Milwaukee, WI
CIK
0001299910
Portfolio Value
$763.0M (Q1 2026)
SEC Filing
0001821268-26-000073 ↗ filed Apr 22, 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 Q4 2025 Q1 2026: $763.0M $763.0M Q1 2026 Q2 2026: $813.9M Q2 2026

Holdings 155 stocks · $763.0M
UNP Union Pacific Corp. 6.91% 217,255 $52.7M Reduce -2.5%
GOOGL Alphabet Inc. Class A 5.52% 146,360 $42.1M Reduce -1.3%
DBD Diebold Nixdorf Inc. 4.54% 459,100 $34.6M Reduce -3.2%
GM General Motors Co. 4.17% 427,135 $31.8M Reduce -3.8%
AAPL Apple Inc. 3.22% 96,795 $24.6M Reduce -0.5%
CCI Crown Castle Inc. 3.05% 286,635 $23.3M Add +9.4%
CNR Core Natural Resources Inc. 2.93% 213,577 $22.4M Reduce -1.9%
OSK Oshkosh Corp. 2.59% 134,379 $19.8M Reduce -3.4%
SBAC SBA Communications Corp. 2.57% 113,750 $19.6M Add +17.6%
NSC Norfolk Southern Corp. 2.08% 55,290 $15.9M Reduce -4.5%
TAP Molson Coors Beverage Co. Class B 1.93% 342,800 $14.8M Add +38.0%
C Citigroup Inc. 1.89% 127,300 $14.4M Add +1.2%
OC Owens Corning 1.85% 130,745 $14.1M Reduce -5.3%
COHR Coherent Corp. 1.70% 54,337 $12.9M Reduce -14.0%
GEHC GE Healthcare Technology 1.50% 161,090 $11.5M Add +28.3%
V Visa Inc. Class A 1.46% 36,885 $11.1M Reduce -0.2%
WAB Wabtec Corp. 1.43% 43,645 $10.9M Reduce -1.7%
B Barrick Mining Corp. 1.40% 262,175 $10.7M Reduce -3.4%
GLD SPDR Gold Shares 1.40% 24,740 $10.6M Reduce -1.2%
AMT American Tower Corp. 1.33% 58,710 $10.1M Reduce -7.9%
CSX CSX Corp. 1.32% 245,300 $10.1M Reduce -6.9%
ADEA Adeia Inc. 1.28% 405,950 $9.8M Reduce -29.1%
SCHW Schwab (charles) Corp. 1.23% 99,650 $9.4M Add +112.0%
SSNC Ss&c Technologies Holdings 1.23% 138,475 $9.4M Add +71.6%
WMB Williams Cos Inc. 1.21% 127,125 $9.3M Reduce -4.3%
ENS Enersys 1.17% 51,200 $8.9M Reduce -0.1%
TMUS T-Mobile US Inc. 1.13% 41,100 $8.6M Reduce -6.1%
BMY Bristol-Myers Squibb Co. 1.12% 141,400 $8.6M Reduce -0.8%
XOP SS SPDR S&P Og Exp & Prod 1.09% 45,585 $8.3M Reduce -26.0%
JYNT The Joint Corp. 1.04% 893,195 $7.9M Add +0.3%
LOPE Grand Canyon Education Inc. 1.03% 46,415 $7.9M Add +9.3%
JPM JPMorgan Chase & Co. 0.98% 25,385 $7.5M Reduce -0.3%
EXP Eagle Materials Inc. 0.93% 37,310 $7.1M Reduce -7.7%
CHDN Churchill Downs Inc. 0.86% 73,400 $6.6M New
RTX RTX Corp. 0.81% 32,135 $6.2M Reduce -5.1%
KEX Kirby Corp. 0.80% 45,930 $6.1M Reduce -56.0%
ADBE Adobe Inc. 0.80% 25,095 $6.1M New
LKQ LKQ Corp. 0.76% 197,600 $5.8M Reduce -8.9%
QDEL Quidelortho Corp. 0.74% 341,554 $5.6M Add +153.6%
SIMO Silicon Motion Technol-ADR 0.72% 49,169 $5.5M Reduce -7.6%
GNRC Generac Holdings Inc. 0.70% 27,540 $5.4M Reduce -3.0%
MITK Mitek Systems Inc. 0.70% 393,400 $5.3M Add +30.0%
UPS United Parcel Service Class B 0.67% 51,950 $5.1M Add +0.8%
MP MP Materials Corp. 0.66% 104,395 $5.0M Reduce -0.2%
ELAN Elanco Animal Health Inc. 0.66% 209,225 $5.0M Reduce -2.0%
META Meta Platforms Inc. Class A 0.65% 8,690 $5.0M Add +5.9%
AEM Agnico Eagle Mines Ltd. 0.65% 24,255 $4.9M Reduce -0.6%
LOVE The Lovesac Co. 0.64% 332,947 $4.9M Add +14.3%
MTX Minerals Technologies Inc. 0.61% 65,305 $4.6M Reduce -15.2%
ON On Semiconductor 0.60% 73,420 $4.5M Reduce -0.3%
HLMN Hillman Solutions Corp. 0.59% 538,600 $4.5M Add +42.1%
NEM Newmont Corp. 0.55% 38,625 $4.2M Reduce -1.3%
MSFT Microsoft Corp. 0.54% 11,155 $4.1M Add +1629.5%
BBY Best Buy Co. Inc. 0.52% 61,950 $4.0M Add +42.7%
XLE SS Energy Select Sector 0.51% 64,050 $3.9M Reduce -32.9%
AMZN Amazon.com Inc. 0.51% 18,785 $3.9M Add +35.4%
SLB SLB Ltd. filed as SLB LIMITED 0.50% 74,900 $3.8M Reduce -15.2%
UHAL.B U-Haul Holding Co.-Non Voting 0.50% 85,365 $3.8M Add +28.1%
LECO Lincoln Electric Holdings 0.49% 15,070 $3.8M Reduce -0.1%
HAE Haemonetics Corp. 0.49% 65,825 $3.7M Add +80.5%
MTUS Metallus Inc. 0.47% 220,500 $3.6M Add +7.3%
HAL Halliburton Co. 0.47% 92,100 $3.6M Reduce -13.6%
MLM Martin Marietta Materials 0.45% 5,810 $3.4M Reduce -2.3%
GPK Graphic Packaging Holding Co. 0.44% 338,902 $3.4M Reduce -11.9%
PLAB Photronics Inc. 0.43% 82,050 $3.3M Reduce -10.3%
HLLY Holley Inc. 0.40% 993,850 $3.1M Reduce -4.0%
WSC Willscot Holdings Corp. 0.40% 175,450 $3.0M Reduce -7.2%
PRDO Perdoceo Education Corp. 0.40% 81,500 $3.0M New
SPGI S&P Global Inc. 0.39% 7,003 $3.0M Add +293.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.37% 58,400 $2.8M Reduce -0.4%
JOUT Johnson Outdoors Inc. Class A 0.36% 59,484 $2.8M Reduce -28.8%
FMC FMC Corp. 0.36% 160,625 $2.8M Reduce -14.5%
GOOG Alphabet Inc. Class C 0.36% 9,500 $2.7M No change
UNH Unitedhealth Group Inc. 0.34% 9,695 $2.6M Add +20.9%
ALGN Align Technology Inc. 0.34% 15,300 $2.6M Reduce -25.0%
NPKI NPK International Inc. 0.31% 164,300 $2.4M Reduce -3.2%
MATW Matthews Intl Corp. Class A 0.30% 88,800 $2.3M Reduce -2.9%
ICLR Icon PLC 0.28% 19,300 $2.1M Add +241.6%
HCC Warrior Met Coal Inc. 0.28% 22,900 $2.1M Add +72.8%
VNT Vontier Corp. 0.28% 59,150 $2.1M Reduce -9.3%
PGR Progressive Corp. 0.27% 10,425 $2.1M Add +73.0%
VITL Vital Farms Inc. 0.25% 137,600 $1.9M New
ATRO Astronics Corp. 0.25% 28,800 $1.9M No change
FCG First Trust Natural Gas ETF 0.25% 60,050 $1.9M Reduce -25.8%
TMO Thermo Fisher Scientific Inc. 0.25% 3,825 $1.9M New
TKR Timken Co. 0.23% 17,600 $1.8M Reduce -10.0%
CPB The Campbell's Company 0.23% 79,450 $1.8M New
SLGN Silgan Holdings Inc. 0.22% 43,300 $1.7M Add +0.9%
XRAY Dentsply Sirona Inc. 0.21% 136,700 $1.6M Add +44.8%
BIO Bio-Rad Laboratories-A 0.21% 5,650 $1.6M Add +56.9%
WCC Wesco International Inc. 0.20% 5,615 $1.5M Reduce -0.3%
MBLY Mobileye Global Inc. Class A 0.19% 208,000 $1.4M Reduce -27.5%
AEYE Audioeye Inc. 0.19% 222,850 $1.4M Add +67.2%
OXY Occidental Petroleum Corp. 0.19% 21,800 $1.4M Reduce -29.5%
BC Brunswick Corp. 0.18% 18,400 $1.3M Reduce -3.8%
CCOI Cogent Communications Holdin 0.17% 68,650 $1.3M Add +11.5%
CSGP Costar Group Inc. 0.17% 32,050 $1.3M Add +88.0%
NATR Natures Sunshine Prods Inc. 0.17% 52,650 $1.3M Reduce -70.9%
ZETA Zeta Global Holdings Corp. Class A 0.16% 78,950 $1.3M Add +92.6%
ZBH Zimmer Biomet Holdings Inc. 0.15% 12,931 $1.2M Add +27.8%
GBX Greenbrier Companies Inc. 0.15% 22,125 $1.2M Reduce -12.9%
DNOW Dnow Inc. 0.14% 91,650 $1.1M Add +84.7%
ADM Archer-Daniels-Midland Co. 0.14% 15,000 $1.1M Reduce -42.7%
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC 0.14% 13,500 $1.1M Add +48.4%
FDS Factset Research Systems Inc. 0.13% 4,700 $1.0M New
RJF Raymond James Financial Inc. 0.13% 6,725 $970K Add +51.6%
CTSO Cytosorbents Corp. 0.13% 1,707,498 $967K Reduce -7.9%
MHK Mohawk Industries Inc. 0.12% 9,450 $930K Add +19.6%
SPWH Sportsman's Warehouse Holdin 0.12% 639,800 $902K No change
TDG Transdigm Group Inc. 0.12% 770 $892K No change
TNC Tennant Co. 0.11% 12,550 $833K Add +65.1%
KOP Koppers Holdings Inc. 0.11% 21,050 $814K Reduce -73.9%
MTW Manitowoc Company Inc. 0.10% 68,655 $800K Add +35.9%
CWST Casella Waste Systems Inc. Class A 0.09% 8,375 $664K Add +2945.4%
TWIN Twin Disc Inc. 0.08% 41,200 $621K Reduce -6.8%
GATX Gatx Corp. 0.08% 3,510 $599K Add +9.0%
MZTI The Marzetti Company 0.07% 4,100 $567K New
DEC Diversified Energy Co. 0.07% 31,550 $550K Reduce -25.1%
BLMN Bloomin' Brands Inc. 0.07% 94,950 $513K Reduce -61.7%
QQQ Invesco QQQ Trust Series 1 0.06% 750 $433K No change
BOOT Boot Barn Holdings Inc. 0.05% 2,799 $410K Reduce -3.8%
XOM Exxon Mobil Corp. 0.05% 2,316 $393K Reduce -39.3%
WAT Waters Corp. 0.05% 1,250 $372K New
AR Antero Resources Corp. 0.05% 8,300 $352K New
ASUR Asure Software Inc. 0.05% 40,638 $349K Add +48.2%
VLO Valero Energy Corp. 0.04% 1,300 $321K Reduce -3.7%
GENK Gen Restaurant Group Inc. 0.04% 146,806 $288K Reduce -18.4%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 600 $288K No change
CBOE Cboe Global Markets Inc. 0.04% 1,000 $281K Reduce -75.0%
MA Mastercard Inc. Class A 0.03% 525 $262K Reduce -0.9%
FDX FedEx Corp. 0.03% 725 $258K No change
GLOO Gloo Holdings Inc. Class A 0.03% 51,812 $249K Reduce -42.3%
GD General Dynamics Corp. 0.03% 625 $215K Reduce -13.8%
QRHC Quest Resource Holding Corp. 0.03% 165,150 $197K Reduce -16.1%
CRM Salesforce Inc. 0.02% 1,000 $187K New
CCK Crown Holdings Inc. 0.02% 1,800 $180K No change
NVDA Nvidia Corp. 0.02% 1,000 $174K New
CENTA Central Garden and Pet Co. Class A 0.02% 4,400 $143K Reduce -82.1%
SLV iShares Silver Trust 0.02% 2,000 $136K New
CZR Caesars Entertainment Inc. 0.01% 4,000 $106K New
SW Smurfit Westrock PLC 0.01% 2,617 $104K No change
MU Micron Technology Inc. 0.01% 300 $101K New
IWM iShares Russell 2000 ETF 0.01% 400 $99K No change
UHAL U-Haul Holding Co. 0.01% 2,045 $98K No change
FISV Fiserv Inc. 0.01% 1,600 $89K New
BLK BlackRock Inc. 0.01% 90 $87K Reduce -35.7%
CCJ Cameco Corp. 0.01% 700 $76K No change
COIN Coinbase Global Inc. Class A 0.01% 400 $70K New
NDSN Nordson Corp. 0.01% 260 $69K Reduce -1.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.01% 100 $65K No change
PZZA Papa John's Intl Inc. 0.01% 2,000 $65K New
SHW The Sherwin-Williams Co. 0.01% 150 $48K No change
HD Home Depot Inc. 0.00% 100 $33K No change
ULTA Ulta Beauty Inc. 0.00% 45 $24K Reduce -10.0%
TGT Target Corp. 0.00% 100 $12K No change

Portfolio Sells Q4 2025 → Q1 2026
GOOGL Alphabet Inc. Class A Reduce -1.3% 5.52% −0.78
KEX Kirby Corp. Reduce -56.0% 0.80% −0.76
GM General Motors Co. Reduce -3.8% 4.17% −0.73
DENN Denny's Corp. Sold out 0.00% −0.49
AIN Albany Intl Corp. Class A Sold out 0.00% −0.43
AAPL Apple Inc. Reduce -0.5% 3.22% −0.37
NATR Natures Sunshine Prods Inc. Reduce -70.9% 0.17% −0.36
GPK Graphic Packaging Holding Co. Reduce -11.9% 0.44% −0.34
TRGP Targa Resources Corp. Sold out 0.00% −0.33
V Visa Inc. Class A Reduce -0.2% 1.46% −0.30
MATX Matson Inc. Sold out 0.00% −0.26
OC Owens Corning Reduce -5.3% 1.85% −0.24
MBLY Mobileye Global Inc. Class A Reduce -27.5% 0.19% −0.22
EXP Eagle Materials Inc. Reduce -7.7% 0.93% −0.21
B Barrick Mining Corp. Reduce -3.4% 1.40% −0.20
AMT American Tower Corp. Reduce -7.9% 1.33% −0.19
KOP Koppers Holdings Inc. Reduce -73.9% 0.11% −0.19
NSC Norfolk Southern Corp. Reduce -4.5% 2.08% −0.19
HLLY Holley Inc. Reduce -4.0% 0.40% −0.18
SAM Boston Beer Company Inc. Class A Sold out 0.00% −0.16
BLMN Bloomin' Brands Inc. Reduce -61.7% 0.07% −0.14
JPM JPMorgan Chase & Co. Reduce -0.3% 0.98% −0.13
LKQ LKQ Corp. Reduce -8.9% 0.76% −0.13
JOUT Johnson Outdoors Inc. Class A Reduce -28.8% 0.36% −0.12
THRY Thryv Holdings Inc. Sold out 0.00% −0.11
CBOE Cboe Global Markets Inc. Reduce -75.0% 0.04% −0.10
ALGN Align Technology Inc. Reduce -25.0% 0.34% −0.09
UNP Union Pacific Corp. Reduce -2.5% 6.91% −0.09
WSC Willscot Holdings Corp. Reduce -7.2% 0.40% −0.08
CENTA Central Garden and Pet Co. Class A Reduce -82.1% 0.02% −0.08
TMUS T-Mobile US Inc. Reduce -6.1% 1.13% −0.07
XLE SS Energy Select Sector Reduce -32.9% 0.51% −0.06
BAC Bank of America Corp. Reduce -0.4% 0.37% −0.06
IRDM Iridium Communications Inc. Sold out 0.00% −0.06
ADM Archer-Daniels-Midland Co. Reduce -42.7% 0.14% −0.06
ADEA Adeia Inc. Reduce -29.1% 1.28% −0.06
MP MP Materials Corp. Reduce -0.2% 0.66% −0.06
MLM Martin Marietta Materials Reduce -2.3% 0.45% −0.05
VNT Vontier Corp. Reduce -9.3% 0.28% −0.05
HOG Harley-Davidson Inc. Sold out 0.00% −0.04
XPOF Xponential Fitness Inc. Class A Sold out 0.00% −0.04
GLOO Gloo Holdings Inc. Class A Reduce -42.3% 0.03% −0.04
CTSO Cytosorbents Corp. Reduce -7.9% 0.13% −0.03
RTX RTX Corp. Reduce -5.1% 0.81% −0.03
MTX Minerals Technologies Inc. Reduce -15.2% 0.61% −0.03
QRHC Quest Resource Holding Corp. Reduce -16.1% 0.03% −0.02
MATW Matthews Intl Corp. Class A Reduce -2.9% 0.30% −0.02
TWIN Twin Disc Inc. Reduce -6.8% 0.08% −0.02
BC Brunswick Corp. Reduce -3.8% 0.18% −0.02
EXAS Exact Sciences Corp. Sold out 0.00% −0.02

Portfolio Buys Q4 2025 → Q1 2026
CHDN Churchill Downs Inc. New 0.86% +0.86
ADBE Adobe Inc. New 0.80% +0.80
SCHW Schwab (charles) Corp. Add +112.0% 1.23% +0.59
MSFT Microsoft Corp. Add +1629.5% 0.54% +0.50
PRDO Perdoceo Education Corp. New 0.40% +0.40
TAP Molson Coors Beverage Co. Class B Add +38.0% 1.93% +0.36
SSNC Ss&c Technologies Holdings Add +71.6% 1.23% +0.27
SPGI S&P Global Inc. Add +293.4% 0.39% +0.26
MITK Mitek Systems Inc. Add +30.0% 0.70% +0.26
VITL Vital Farms Inc. New 0.25% +0.25
TMO Thermo Fisher Scientific Inc. New 0.25% +0.25
CPB The Campbell's Company New 0.23% +0.23
QDEL Quidelortho Corp. Add +153.6% 0.74% +0.21
HLMN Hillman Solutions Corp. Add +42.1% 0.59% +0.14
ICLR Icon PLC Add +241.6% 0.28% +0.14
FDS Factset Research Systems Inc. New 0.13% +0.13
BBY Best Buy Co. Inc. Add +42.7% 0.52% +0.13
HCC Warrior Met Coal Inc. Add +72.8% 0.28% +0.12
GEHC GE Healthcare Technology Add +28.3% 1.50% +0.11
HAE Haemonetics Corp. Add +80.5% 0.49% +0.09
PGR Progressive Corp. Add +73.0% 0.27% +0.08
CWST Casella Waste Systems Inc. Class A Add +2945.4% 0.09% +0.08
AMZN Amazon.com Inc. Add +35.4% 0.51% +0.08
UHAL.B U-Haul Holding Co.-Non Voting Add +28.1% 0.50% +0.08
LOPE Grand Canyon Education Inc. Add +9.3% 1.03% +0.08
MZTI The Marzetti Company New 0.07% +0.07
XRAY Dentsply Sirona Inc. Add +44.8% 0.21% +0.06
LOVE The Lovesac Co. Add +14.3% 0.64% +0.06
BIO Bio-Rad Laboratories-A Add +56.9% 0.21% +0.06
DNOW Dnow Inc. Add +84.7% 0.14% +0.05
JBSS John B. Sanfilippo & Son Inc. Add +48.4% 0.14% +0.05
ZETA Zeta Global Holdings Corp. Class A Add +92.6% 0.16% +0.05
WAT Waters Corp. New 0.05% +0.05
AR Antero Resources Corp. New 0.05% +0.05
TNC Tennant Co. Add +65.1% 0.11% +0.03
RJF Raymond James Financial Inc. Add +51.6% 0.13% +0.03
ZBH Zimmer Biomet Holdings Inc. Add +27.8% 0.15% +0.03
SBAC SBA Communications Corp. Add +17.6% 2.57% +0.03
CRM Salesforce Inc. New 0.02% +0.02
NVDA Nvidia Corp. New 0.02% +0.02
MTW Manitowoc Company Inc. Add +35.9% 0.10% +0.02
SLV iShares Silver Trust New 0.02% +0.02
CZR Caesars Entertainment Inc. New 0.01% +0.01
CSGP Costar Group Inc. Add +88.0% 0.17% +0.01
MU Micron Technology Inc. New 0.01% +0.01
FISV Fiserv Inc. New 0.01% +0.01
ASUR Asure Software Inc. Add +48.2% 0.05% +0.01
COIN Coinbase Global Inc. Class A New 0.01% +0.01
PZZA Papa John's Intl Inc. New 0.01% +0.01
AEYE Audioeye Inc. Add +67.2% 0.19% +0.01

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