Sovereign's Capital Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Sovereign's Capital Management, LLC reported 77 stock positions worth $186.9 million. Its top holding was Super Micro Computer (SMCI) at 4.6% of the portfolio, followed by Grand Canyon Education (LOPE, 3.6%) and Vistra (VST, 3.3%). Compared with Q1 2025, it opened 2 new positions, sold out of 5, added to 71 and reduced 3. The biggest buy was a new position in U.S. Physical Therapy (USPH) and the biggest sale an exit from Qualcomm (QCOM).

Most Recent 13F
Q2 2026
Location
Atlanta, GA
CIK
0001911637
Portfolio Value
$186.9M (Q2 2025)
SEC Filing
0001172661-25-003254 ↗ filed Aug 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $156.8M Q4 2024 Q1 2025: $168.1M Q1 2025 Q2 2025: $186.9M $186.9M Q2 2025 Q3 2025: $184.3M Q3 2025 Q4 2025: $164.9M Q4 2025 Q1 2026: $135.9M Q1 2026 Q2 2026: $149.8M Q2 2026

Holdings 77 stocks · $186.9M
SMCI Super Micro Computer Inc. 4.65% 177,183 $8.7M Reduce -7.0%
LOPE Grand Canyon Education Inc. 3.57% 35,338 $6.7M Add +9.7%
VST Vistra Corp. 3.33% 32,115 $6.2M Add +10.3%
ALKT Alkami Technology Inc. 3.01% 186,799 $5.6M Add +9.2%
EEFT Euronet Worldwide Inc. 2.88% 53,073 $5.4M Add +20.3%
PAYC Paycom Software Inc. 2.87% 23,182 $5.4M Add +8.4%
CBRE CBRE Group Inc. Class A 2.85% 37,979 $5.3M Add +9.4%
NTAP Netapp Inc. 2.81% 49,370 $5.3M Add +31.2%
PCTY Paylocity Holding Corp. 2.74% 28,239 $5.1M Add +25.8%
PRI Primerica Inc. 2.67% 18,204 $5.0M Add +10.1%
PLOW Douglas Dynamics Inc. 2.55% 161,741 $4.8M Add +8.2%
AFG American Financial Group Inc. 2.50% 37,031 $4.7M Add +9.9%
MOH Molina Healthcare Inc. 2.31% 14,523 $4.3M Add +9.1%
RPAY Repay Holdings Corp. 2.27% 878,758 $4.2M Add +10.5%
PGR Progressive Corp. 2.25% 15,790 $4.2M Add +8.8%
COKE Coca-Cola Consolidated Inc. 2.17% 36,380 $4.1M Add +11.8%
CSCO Cisco Systems Inc. 2.12% 57,206 $4.0M Add +50.3%
NSP Insperity Inc. 2.08% 64,712 $3.9M Add +41.9%
DAVA Endava PLC- Spon ADR 2.04% 248,552 $3.8M Add +62.5%
RJF Raymond James Financial Inc. 2.02% 24,610 $3.8M Add +8.5%
LCII Lci Industries 2.00% 40,963 $3.7M Add +12.7%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 1.99% 11,629 $3.7M Add +8.3%
USPH U.S. Physical Therapy Inc. 1.83% 43,695 $3.4M New
GSHD Goosehead Insurance Inc. Class A 1.71% 30,276 $3.2M Add +10.3%
FISV Fiserv Inc. 1.64% 17,820 $3.1M Add +8.2%
BDX Becton Dickinson and Co. 1.62% 17,576 $3.0M Add +8.3%
ANET Arista Networks Inc. 1.62% 29,544 $3.0M Add +5.7%
NHC National Healthcare Corp. 1.62% 28,224 $3.0M Add +10.5%
TFIN Triumph Financial Inc. 1.59% 53,979 $3.0M Add +33.2%
TSN Tyson Foods Inc. Class A 1.38% 45,962 $2.6M Add +10.1%
RPC Ridgepost Capital Inc. Class A filed as P10 INC 1.37% 250,919 $2.6M Add +11.2%
APG Api Group Corp. 1.30% 47,553 $2.4M Add +19.3%
RMD Resmed Inc. 1.21% 8,732 $2.3M Add +11.4%
LECO Lincoln Electric Holdings 1.12% 10,095 $2.1M Add +10.5%
FOLD Amicus Therapeutics Inc. 1.09% 355,609 $2.0M Add +14.6%
TRIN Trinity Capital Inc. 1.06% 140,268 $2.0M No change
UPS United Parcel Service Class B 0.99% 18,248 $1.8M Add +6.7%
CSWC Capital Southwest Corp. 0.91% 77,048 $1.7M Add +9.5%
OPCH Option Care Health Inc. 0.89% 51,491 $1.7M Add +19.3%
COLM Columbia Sportswear Co. 0.83% 25,507 $1.6M Add +11.2%
EME Emcor Group Inc. 0.83% 2,891 $1.5M Add +96.1%
MLR Miller Industries Inc. 0.82% 34,478 $1.5M Add +19.3%
HCSG Healthcare Services Group 0.80% 99,660 $1.5M Add +12.7%
ADV Advantage Solutions Inc. 0.78% 1,110,595 $1.5M Add +8.1%
VRRM Verra Mobility Corp. 0.77% 56,790 $1.4M Add +19.2%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.76% 25,863 $1.4M Add +19.2%
AZZ Azz Inc. 0.76% 15,001 $1.4M Add +19.4%
SPSC SPS Commerce Inc. 0.72% 9,893 $1.3M Add +19.3%
DVN Devon Energy Corp. 0.69% 40,619 $1.3M Add +18.3%
DIOD Diodes Inc. 0.66% 23,235 $1.2M Reduce -41.4%
APA Apa Corp. 0.66% 67,066 $1.2M Add +19.2%
FANG Diamondback Energy Inc. 0.62% 8,413 $1.2M Add +19.0%
NEE Nextera Energy Inc. 0.61% 16,530 $1.1M Add +19.4%
SCHW Schwab (charles) Corp. 0.57% 11,622 $1.1M Add +19.0%
ITT Itt Inc. 0.54% 6,438 $1.0M Add +18.9%
WEST Westrock Coffee Co. 0.53% 172,711 $990K Add +9.6%
SPGI S&P Global Inc. 0.49% 1,738 $916K New
KFRC Kforce Inc. 0.46% 21,082 $867K Add +13.8%
CSW CSW Industrials Inc. 0.46% 3,013 $864K Add +20.5%
ERIE Erie Indemnity Company Class A 0.44% 2,364 $820K Add +19.4%
QRVO Qorvo Inc. 0.43% 9,513 $808K Reduce -54.0%
JBHT Hunt (jb) Transprt SVCS Inc. 0.41% 5,390 $774K Add +12.0%
USFD US Foods Holding Corp. 0.40% 9,627 $741K Add +19.0%
WMT Walmart Inc. 0.39% 7,427 $726K Add +19.6%
GEF Greif Inc. Class A 0.38% 10,859 $706K Add +18.9%
SBAC SBA Communications Corp. 0.36% 2,833 $665K Add +18.8%
FAST Fastenal Co. 0.34% 15,276 $642K Add +19.1%
ORLY O'reilly Automotive Inc. 0.34% 7,080 $638K Add +16.5%
ADP Automatic Data Processing 0.34% 2,068 $638K Add +18.3%
WCN Waste Connections Inc. 0.34% 3,409 $637K Add +20.3%
SAIC Science Applications Inte 0.32% 5,248 $591K Add +18.8%
CPT Camden Property Trust 0.31% 5,178 $584K Add +19.1%
CPRT Copart Inc. 0.29% 11,010 $540K Add +19.4%
HUBS HubSpot Inc. 0.26% 875 $487K Add +17.1%
IEX Idex Corp. 0.26% 2,772 $487K Add +19.3%
JJSF J & J Snack Foods Corp. 0.24% 3,901 $442K Add +19.6%
NEO Neogenomics Inc. 0.16% 40,688 $297K Add +19.3%

Portfolio Sells Q1 2025 → Q2 2025
QCOM Qualcomm Inc. Sold out 0.00% −1.95
INTC Intel Corp. Sold out 0.00% −1.02
SITE Siteone Landscape Supply Inc. Sold out 0.00% −0.78
ARMK Aramark Sold out 0.00% −0.75
KFY Korn Ferry Sold out 0.00% −0.66
QRVO Qorvo Inc. Reduce -54.0% 0.43% −0.46
DIOD Diodes Inc. Reduce -41.4% 0.66% −0.36
SMCI Super Micro Computer Inc. Reduce -7.0% 4.65% +0.77

Portfolio Buys Q1 2025 → Q2 2025
USPH U.S. Physical Therapy Inc. New 1.83% +1.83
VST Vistra Corp. Add +10.3% 3.33% +1.30
NTAP Netapp Inc. Add +31.2% 2.81% +0.85
CSCO Cisco Systems Inc. Add +50.3% 2.12% +0.73
EME Emcor Group Inc. Add +96.1% 0.83% +0.50
SPGI S&P Global Inc. New 0.49% +0.49
PLOW Douglas Dynamics Inc. Add +8.2% 2.55% +0.48
APG Api Group Corp. Add +19.3% 1.30% +0.45
ALKT Alkami Technology Inc. Add +9.2% 3.01% +0.34
ANET Arista Networks Inc. Add +5.7% 1.62% +0.33
HCSG Healthcare Services Group Add +12.7% 0.80% +0.27
DAVA Endava PLC- Spon ADR Add +62.5% 2.04% +0.26
LOPE Grand Canyon Education Inc. Add +9.7% 3.57% +0.26
PCTY Paylocity Holding Corp. Add +25.8% 2.74% +0.24
NHC National Healthcare Corp. Add +10.5% 1.62% +0.21
TFIN Triumph Financial Inc. Add +33.2% 1.59% +0.20
RMD Resmed Inc. Add +11.4% 1.21% +0.16
CBRE CBRE Group Inc. Class A Add +9.4% 2.85% +0.15
RJF Raymond James Financial Inc. Add +8.5% 2.02% +0.14
VRRM Verra Mobility Corp. Add +19.2% 0.77% +0.13
AZZ Azz Inc. Add +19.4% 0.76% +0.13
ITT Itt Inc. Add +18.9% 0.54% +0.12
SCHW Schwab (charles) Corp. Add +19.0% 0.57% +0.11
LCII Lci Industries Add +12.7% 2.00% +0.11
LECO Lincoln Electric Holdings Add +10.5% 1.12% +0.09
MLR Miller Industries Inc. Add +19.3% 0.82% +0.09
PAYC Paycom Software Inc. Add +8.4% 2.87% +0.09
USFD US Foods Holding Corp. Add +19.0% 0.40% +0.08
GEF Greif Inc. Class A Add +18.9% 0.38% +0.08
EEFT Euronet Worldwide Inc. Add +20.3% 2.88% +0.08
SPSC SPS Commerce Inc. Add +19.3% 0.72% +0.07
WMT Walmart Inc. Add +19.6% 0.39% +0.06
HRB H&R Block Inc. Add +19.2% 0.76% +0.05
FAST Fastenal Co. Add +19.1% 0.34% +0.05
SBAC SBA Communications Corp. Add +18.8% 0.36% +0.04
NEE Nextera Energy Inc. Add +19.4% 0.61% +0.03
CSW CSW Industrials Inc. Add +20.5% 0.46% +0.03
ADP Automatic Data Processing Add +18.3% 0.34% +0.02
SAIC Science Applications Inte Add +18.8% 0.32% +0.02
WCN Waste Connections Inc. Add +20.3% 0.34% +0.01
IEX Idex Corp. Add +19.3% 0.26% +0.01
HUBS HubSpot Inc. Add +17.1% 0.26% +0.01
OPCH Option Care Health Inc. Add +19.3% 0.89% −0.00
ORLY O'reilly Automotive Inc. Add +16.5% 0.34% −0.00
CPT Camden Property Trust Add +19.1% 0.31% −0.00
JBHT Hunt (jb) Transprt SVCS Inc. Add +12.0% 0.41% −0.01
JJSF J & J Snack Foods Corp. Add +19.6% 0.24% −0.02
CPRT Copart Inc. Add +19.4% 0.29% −0.02
CSWC Capital Southwest Corp. Add +9.5% 0.91% −0.03
NEO Neogenomics Inc. Add +19.3% 0.16% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 70$149.8MMOH, RPAY, NSP, VST, ALKT
Q1 2026 76$135.9MFISV, VST, LOPE, MOH, PAYC
Q4 2025 78$164.9MFOLD, MOH, FISV, NSP, LCII
Q3 2025 78$184.3MMOH, FOLD, VST, NSP, AFG
Q2 2025 77$186.9MSMCI, LOPE, VST, ALKT, EEFT
Q1 2025 80$168.1MSMCI, LOPE, EEFT, PRI, PAYC
Q4 2024 83$156.8MSMCI, LOPE, EEFT, RPAY, DAVA