Spring Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Spring Capital Management, LLC reported 50 stock positions worth $183.2 million. Its top holding was Apple (AAPL) at 7.8% of the portfolio, followed by Brown & Brown (BRO, 6.5%) and Eaton (ETN, 5.0%). Compared with Q4 2024, it opened 10 new positions, sold out of 5, added to 21 and reduced 7. The biggest buy was a new position in Texas Pacific Land (TPL) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- AMARILLO, TX
- CIK
- 0001899146
- Portfolio Value
- $183.2M (Q1 2025)
- SEC Filing
- 0001754960-25-000164 ↗ filed Apr 10, 2025
Holdings Value
Holdings 50 stocks · $183.2M
| AAPL Apple Inc. | 7.81% | 64,459 | $14.3M | Reduce -0.6% |
| BRO Brown & Brown Inc. | 6.54% | 96,264 | $12.0M | Reduce -0.5% |
| ETN Eaton Corp. PLC | 4.99% | 33,606 | $9.1M | Add +4.3% |
| DE Deere & Co. | 4.89% | 19,078 | $9.0M | Reduce -0.1% |
| QCOM Qualcomm Inc. | 4.85% | 57,833 | $8.9M | Add +1.9% |
| ORCL Oracle Corp. | 4.83% | 63,305 | $8.9M | Add +2.7% |
| V Visa Inc. Class A | 4.49% | 23,452 | $8.2M | Reduce -0.2% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 4.44% | 8,245 | $8.1M | Add +2.6% |
| WMT Walmart Inc. | 4.22% | 88,012 | $7.7M | Add +0.0% |
| JNJ Johnson & Johnson | 4.08% | 45,062 | $7.5M | Add +0.3% |
| ADP Automatic Data Processing | 3.53% | 21,160 | $6.5M | Add +0.1% |
| CVX Chevron Corp. | 3.23% | 35,362 | $5.9M | Add +0.0% |
| MCD McDonald's Corp. | 3.20% | 18,783 | $5.9M | Add +0.1% |
| NEE Nextera Energy Inc. | 3.18% | 82,121 | $5.8M | Add +3.9% |
| KR Kroger Co. | 3.07% | 83,111 | $5.6M | Add +0.1% |
| LHX L3HARRIS Technologies Inc. | 3.05% | 26,736 | $5.6M | Add +6.0% |
| APD Air Products & Chemicals Inc. | 3.03% | 18,843 | $5.6M | Add +1.9% |
| MKC McCormick & Co.-Non VTG SHRS | 2.74% | 61,088 | $5.0M | Add +2.7% |
| TPL Texas Pacific Land Corp. | 2.73% | 3,780 | $5.0M | New |
| PEP Pepsico Inc. | 2.28% | 27,854 | $4.2M | Add +4.5% |
| VZ Verizon Communications Inc. | 2.12% | 85,609 | $3.9M | Add +2.8% |
| KMB Kimberly-Clark Corp. | 2.02% | 25,992 | $3.7M | Add +0.3% |
| MDT Medtronic PLC | 1.91% | 39,033 | $3.5M | New |
| MTDR Matador Resources Co. | 1.42% | 50,827 | $2.6M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.22% | 4,004 | $2.2M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.21% | 20,470 | $2.2M | Add +0.7% |
| XOM Exxon Mobil Corp. | 1.21% | 18,629 | $2.2M | Add +2.4% |
| TIP iShares Tips Bond ETF | 0.86% | 14,190 | $1.6M | New |
| BIV Vanguard Intermediate-Term B | 0.68% | 16,218 | $1.2M | New |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.67% | 2,920 | $1.2M | No change |
| MSFT Microsoft Corp. | 0.62% | 3,024 | $1.1M | Reduce -9.1% |
| TSCO Tractor Supply Company | 0.54% | 18,000 | $992K | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 0.52% | 18,490 | $944K | New |
| OKE Oneok Inc. | 0.42% | 7,824 | $776K | Add +56.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 18,005 | $751K | No change |
| GOOG Alphabet Inc. Class C | 0.40% | 4,670 | $730K | New |
| FANG Diamondback Energy Inc. | 0.36% | 4,160 | $665K | New |
| ET Energy Transfer LP | 0.29% | 29,000 | $539K | Reduce -0.7% |
| TRN Trinity Industries Inc. | 0.28% | 18,000 | $505K | No change |
| HON Honeywell International Inc. | 0.21% | 1,781 | $377K | No change |
| CAT Caterpillar Inc. | 0.20% | 1,120 | $369K | No change |
| AMZN Amazon.com Inc. | 0.18% | 1,780 | $339K | No change |
| USAC USA Compression Partners LP | 0.18% | 12,000 | $324K | No change |
| FDX FedEx Corp. | 0.16% | 1,166 | $284K | New |
| X United States Steel Corp. | 0.14% | 6,000 | $254K | New |
| CMC Commercial Metals Co. | 0.13% | 5,000 | $230K | No change |
| ASO Academy Sports & Outdoors Inc. | 0.12% | 5,000 | $228K | No change |
| COP Conocophillips | 0.12% | 2,141 | $225K | Add +3.6% |
| PSX Phillips 66 | 0.12% | 1,767 | $218K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 2,500 | $211K | New |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -0.6% | 7.81% | −1.88 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.23 |
| MSFT Microsoft Corp. | Reduce -9.1% | 0.62% | −0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 1.22% | −0.18 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.17 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.17 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.14 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.12 |
| ET Energy Transfer LP | Reduce -0.7% | 0.29% | −0.05 |
| V Visa Inc. Class A | Reduce -0.2% | 4.49% | +0.05 |
| DE Deere & Co. | Reduce -0.1% | 4.89% | +0.06 |
| BRO Brown & Brown Inc. | Reduce -0.5% | 6.54% | +0.64 |
Portfolio Buys Q4 2024 → Q1 2025
| TPL Texas Pacific Land Corp. | New | 2.73% | +2.73 |
| MDT Medtronic PLC | New | 1.91% | +1.91 |
| TIP iShares Tips Bond ETF | New | 0.86% | +0.86 |
| BIV Vanguard Intermediate-Term B | New | 0.68% | +0.68 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.52% | +0.52 |
| GOOG Alphabet Inc. Class C | New | 0.40% | +0.40 |
| FANG Diamondback Energy Inc. | New | 0.36% | +0.36 |
| JNJ Johnson & Johnson | Add +0.3% | 4.08% | +0.20 |
| CVX Chevron Corp. | Add +0.0% | 3.23% | +0.17 |
| FDX FedEx Corp. | New | 0.16% | +0.16 |
| X United States Steel Corp. | New | 0.14% | +0.14 |
| VZ Verizon Communications Inc. | Add +2.8% | 2.12% | +0.13 |
| OKE Oneok Inc. | Add +56.5% | 0.42% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | New | 0.12% | +0.12 |
| XOM Exxon Mobil Corp. | Add +2.4% | 1.21% | +0.04 |
| KR Kroger Co. | Add +0.1% | 3.07% | +0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Add +2.7% | 2.74% | +0.04 |
| COP Conocophillips | Add +3.6% | 0.12% | +0.00 |
| KMB Kimberly-Clark Corp. | Add +0.3% | 2.02% | −0.01 |
| MCD McDonald's Corp. | Add +0.1% | 3.20% | −0.05 |
| LHX L3HARRIS Technologies Inc. | Add +6.0% | 3.05% | −0.11 |
| PEP Pepsico Inc. | Add +4.5% | 2.28% | −0.14 |
| ADP Automatic Data Processing | Add +0.1% | 3.53% | −0.17 |
| APD Air Products & Chemicals Inc. | Add +1.9% | 3.03% | −0.17 |
| NEE Nextera Energy Inc. | Add +3.9% | 3.18% | −0.21 |
| QCOM Qualcomm Inc. | Add +1.9% | 4.85% | −0.36 |
| NVDA Nvidia Corp. | Add +0.7% | 1.21% | −0.42 |
| WMT Walmart Inc. | Add +0.0% | 4.22% | −0.53 |
| GWW WW Grainger Inc. | Add +2.6% | 4.44% | −0.61 |
| ORCL Oracle Corp. | Add +2.7% | 4.83% | −1.30 |
| ETN Eaton Corp. PLC | Add +4.3% | 4.99% | −1.40 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 55 | $205.3M | AAPL, ETN, DE, JNJ, GWW |
| Q1 2026 | 49 | $197.8M | AAPL, ETN, JNJ, WMT, DE |
| Q4 2025 | 49 | $197.5M | AAPL, ORCL, ETN, WMT, QCOM |
| Q3 2025 | 49 | $204.2M | ORCL, AAPL, ETN, QCOM, BRO |
| Q2 2025 | 51 | $189.7M | ORCL, AAPL, ETN, BRO, DE |
| Q1 2025 | 50 | $183.2M | AAPL, BRO, ETN, DE, QCOM |
| Q4 2024 | 45 | $167.5M | AAPL, ETN, ORCL, BRO, QCOM |
| Q3 2024 | 27 | $123.3M | WMT, AAPL, DE, ETN, ORCL |
| Q2 2024 | 27 | $126.7M | AAPL, DE, ORCL, ETN, BRO |
| Q1 2024 | 32 | $132.7M | AAPL, ETN, QCOM, BRO, GWW |