Tandem Capital Management Corp.

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

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 16, 2024), Tandem Capital Management Corp. reported 109 stock positions worth $176.3 million. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by General Electric (GE, 4.2%) and Alphabet Class A (GOOGL, 3.6%). Compared with Q4 2023, it opened 6 new positions, sold out of 8, added to 35 and reduced 53. The biggest buy was SL Green Realty (SLG, shares +31%) and the biggest sale Ventas (VTR, shares −40%).

Most Recent 13F: Q2 2026
Location: WOODCLIFF LAKE, NJ
CIK: 0000873759
Portfolio Value: $176.3M (Q1 2024)
SEC Filing: 0000873759-24-000003 ↗ filed May 16, 2024

Holdings Value

Holdings 109 stocks · $176.3M


MSFT Microsoft Corp.	6.19%	25,917	$10.9M	Reduce -0.0%
GE General Electric	4.22%	42,400	$7.4M	Reduce -1.1%
GOOGL Alphabet Inc. Class A	3.60%	42,080	$6.4M	Add +0.4%
SYK Stryker Corp.	3.33%	16,390	$5.9M	Reduce -2.4%
META Meta Platforms Inc. Class A	2.81%	10,201	$5.0M	Reduce -0.1%
QCOM Qualcomm Inc.	2.60%	27,111	$4.6M	Add +1.7%
AAPL Apple Inc.	2.56%	26,306	$4.5M	Reduce -2.5%
ETN Eaton Corp. PLC	2.42%	13,626	$4.3M	Add +0.1%
ELV Elevance Health Inc.	2.37%	8,046	$4.2M	Reduce -1.1%
AMAT Applied Materials Inc.	2.30%	19,680	$4.1M	Reduce -1.3%
BSX Boston Scientific Corp.	2.27%	58,351	$4.0M	Reduce -0.2%
DHR Danaher Corp.	2.17%	15,302	$3.8M	Add +0.4%
ABT Abbott Laboratories	2.13%	32,980	$3.7M	Add +0.1%
BNRE.A Brookfield Reinsurance NVS	2.12%	90,015	$3.7M	No change
JPM JPMorgan Chase & Co.	2.06%	18,115	$3.6M	Reduce -0.7%
SCHW Schwab (charles) Corp.	2.01%	49,065	$3.5M	Add +8.8%
GOOG Alphabet Inc. Class C	1.82%	21,024	$3.2M	Reduce -1.4%
SLG SL Green Realty Corp.	1.72%	54,905	$3.0M	Add +30.9%
JLL Jones Lang Lasalle Inc.	1.52%	13,692	$2.7M	Add +3.8%
GEHC GE Healthcare Technology	1.44%	28,017	$2.5M	Reduce -0.1%
PLD Prologis Inc.	1.44%	19,427	$2.5M	Reduce -3.9%
PPLI People Inc. filed as IAC INC	1.42%	46,962	$2.5M	Add +20.1%
UNP Union Pacific Corp.	1.42%	10,166	$2.5M	Reduce -0.1%
MRVL Marvell Technology Inc.	1.41%	35,180	$2.5M	Add +11.1%
RRX Regal Rexnord Corp.	1.36%	13,305	$2.4M	No change
PEP Pepsico Inc.	1.35%	13,632	$2.4M	Add +3.9%
FTV Fortive Corp.	1.35%	27,584	$2.4M	Reduce -0.1%
CMCSA Comcast Corp. Class A	1.25%	50,999	$2.2M	Reduce -1.2%
GM General Motors Co.	1.22%	47,571	$2.2M	Reduce -7.2%
VIG Vanguard Dividend Apprec ETF	1.17%	11,336	$2.1M	Add +0.8%
FDX FedEx Corp.	1.11%	6,727	$1.9M	Add +0.3%
BN Brookfield Corp.	1.09%	46,103	$1.9M	Reduce -0.5%
SHEL Shell PLC-ADR	1.05%	27,592	$1.8M	Add +2.1%
BAM Brookfield Asset Mgmt-A	0.99%	41,563	$1.7M	Reduce -2.3%
HD Home Depot Inc.	0.98%	4,494	$1.7M	No change
BBUC Brookfield Business Class A	0.86%	62,599	$1.5M	Reduce -1.1%
BA The Boeing Co.	0.86%	7,827	$1.5M	Add +8.5%
BIP Brookfield Infrastructure Pa	0.85%	47,974	$1.5M	Reduce -8.7%
BRK.B Berkshire Hathaway Inc. Class B	0.84%	3,540	$1.5M	Reduce -2.2%
IART Integra Lifesciences Holding	0.78%	38,851	$1.4M	No change
PM Philip Morris International	0.77%	14,753	$1.4M	Reduce -9.1%
VUG Vanguard Mrngstar GR ETF-Sui	0.75%	3,863	$1.3M	Add +8.4%
UNH Unitedhealth Group Inc.	0.73%	2,615	$1.3M	Add +0.4%
DE Deere & Co.	0.73%	3,135	$1.3M	Reduce -11.3%
AVTR Avantor Inc.	0.72%	49,582	$1.3M	Add +0.5%
C Citigroup Inc.	0.71%	19,688	$1.2M	Add +0.1%
VTR Ventas Inc.	0.68%	27,730	$1.2M	Reduce -39.6%
APD Air Products & Chemicals Inc.	0.68%	4,923	$1.2M	Reduce -11.7%
WM Waste Management Inc.	0.67%	5,561	$1.2M	No change
LHX L3HARRIS Technologies Inc.	0.62%	5,121	$1.1M	Reduce -1.9%
FHLC Fidelity MSCI Health Care	0.62%	15,577	$1.1M	Add +1.3%
BABA Alibaba Group Holding-SP ADR	0.57%	13,940	$1.0M	Add +76.4%
ENPH Enphase Energy Inc.	0.57%	8,288	$1.0M	Reduce -6.5%
AMZN Amazon.com Inc.	0.52%	5,120	$924K	Add +23.5%
PANW Palo Alto Networks Inc.	0.51%	3,158	$897K	Add +57.9%
FTEC Fidelity MSCI Info Tech Indx	0.51%	5,750	$896K	Reduce -9.3%
BBU Brookfield Business PT-Unit	0.50%	40,281	$890K	Reduce -7.2%
STNE Stoneco Ltd. Class A	0.49%	52,120	$866K	Reduce -1.3%
AVAV Aerovironment Inc.	0.49%	5,616	$861K	Add +136.7%
ADBE Adobe Inc.	0.49%	1,700	$858K	New
BNT Brookfield Reins Ltd.	0.47%	19,999	$836K	Add +0.6%
IWB iShares Russell 1000 ETF	0.47%	2,860	$824K	Add +2.1%
STLD Steel Dynamics Inc.	0.45%	5,295	$785K	Reduce -6.2%
ADSK Autodesk Inc.	0.43%	2,909	$758K	Reduce -0.8%
FCNCA First Citizens Bcshs Class A	0.43%	459	$750K	No change
NVDA Nvidia Corp.	0.42%	825	$745K	No change
RTX RTX Corp.	0.38%	6,866	$670K	Reduce -30.9%
CRWD CrowdStrike Holdings Inc. Class A	0.38%	2,087	$669K	Reduce -0.7%
VTI VG Morningstar TS MKT ETF-US	0.38%	2,554	$664K	Add +12.3%
ADP Automatic Data Processing	0.36%	2,576	$643K	No change
FIGS Figs Inc. Class A	0.36%	129,130	$643K	No change
FNDA Schwab Fndmntl US SM Co. ETF	0.36%	11,225	$640K	No change
V Visa Inc. Class A	0.36%	2,280	$636K	Reduce -1.3%
BRK.A Berkshire Hathaway Inc. Class A	0.36%	1	$634K	No change
XP XP Inc. Class A	0.35%	24,281	$623K	Reduce -3.1%
IVV iShares Core S&P 500 ETF	0.35%	1,181	$621K	Add +2.0%
NEE Nextera Energy Inc.	0.35%	9,685	$619K	Reduce -4.6%
PAVE Global X US Infrastructure	0.34%	15,250	$607K	Reduce -4.4%
ENB Enbridge Inc.	0.34%	16,665	$603K	Reduce -18.1%
SPHQ Invesco S&P 500 Quality ETF	0.33%	9,575	$579K	Add +0.3%
GTLS Chart Industries Inc.	0.31%	3,365	$554K	Add +3.4%
FBCG Fidelity Blue Chip Grow ETF	0.29%	13,510	$520K	Add +1.1%
DIVB iShares Core Dividend ETF	0.28%	11,250	$501K	Add +3.5%
LRCX Lam Research Corp.	0.28%	510	$496K	Add +5.2%
AMD Advanced Micro Devices	0.26%	2,565	$463K	Reduce -1.9%
QQQ Invesco QQQ Trust Series 1	0.26%	1,037	$460K	Add +3.5%
LMT Lockheed Martin Corp.	0.26%	1,011	$460K	Reduce -55.6%
AVUV Avantis US Small Cap Value	0.25%	4,740	$444K	Reduce -4.0%
FDVV Fidelity High Dividend ETF	0.23%	9,115	$413K	Add +1.7%
IGM iShares Expanded Tech Sector	0.23%	4,614	$398K	New
IWF iShares Russell 1000 Growth	0.21%	1,103	$372K	Reduce -19.9%
DGRO iShares Core Dividend Growth	0.21%	6,379	$370K	Reduce -1.5%
ALB Albemarle Corp.	0.20%	2,685	$354K	Reduce -1.6%
BIPC Brookfield Infrastructure-A	0.19%	9,455	$341K	Reduce -22.5%
VOO Vanguard S&P 500 ETF	0.18%	675	$324K	Reduce -3.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.18%	805	$320K	No change
VNQ Vanguard Real Estate ETF	0.17%	3,460	$299K	Reduce -16.6%
SPYG SS SPDR P S&P 500 Growth ETF	0.17%	4,085	$299K	New
VRSK Verisk Analytics Inc.	0.17%	1,244	$293K	No change
PG The Procter & Gamble Co.	0.16%	1,766	$287K	Reduce -8.6%
F Ford Motor Co. filed as FORD MTR CO DEL	0.16%	20,595	$274K	Reduce -4.8%
TY Tri-Continental Corp.	0.14%	8,100	$249K	No change
SOXX iShares Semiconductor ETF	0.14%	1,059	$239K	Reduce -6.6%
XLI SS Industrial Select Sector	0.12%	1,710	$215K	New
GS Goldman Sachs Group Inc.	0.12%	511	$213K	New
QCLN First Trust Nasdaq Clean Edg	0.12%	6,045	$210K	Reduce -4.9%
XLV SS Health Care Select Sector	0.12%	1,375	$203K	New
PARAA Paramount Global Class B	0.09%	12,839	$151K	Reduce -10.9%
UNICYCIVE THERAPEUTICS INC	0.01%	15,500	$21K	No change

Portfolio Sells Q4 2023 → Q1 2024


VTR Ventas Inc.	Reduce -39.6%	0.68%	−0.74
AAPL Apple Inc.	Reduce -2.5%	2.56%	−0.66
LMT Lockheed Martin Corp.	Reduce -55.6%	0.26%	−0.38
APD Air Products & Chemicals Inc.	Reduce -11.7%	0.68%	−0.27
PLD Prologis Inc.	Reduce -3.9%	1.44%	−0.24
XSD SS SPDR S&P Semiconductor	Sold out	0.00%	−0.21
PM Philip Morris International	Reduce -9.1%	0.77%	−0.18
VLTO Veralto Corp.	Sold out	0.00%	−0.18
KVUE Kenvue Inc.	Sold out	0.00%	−0.18
BIP Brookfield Infrastructure Pa	Reduce -8.7%	0.85%	−0.18
DEO Diageo PLC-Sponsored ADR	Sold out	0.00%	−0.18
ENPH Enphase Energy Inc.	Reduce -6.5%	0.57%	−0.16
CMCSA Comcast Corp. Class A	Reduce -1.2%	1.25%	−0.15
DE Deere & Co.	Reduce -11.3%	0.73%	−0.15
TAN Invesco Solar ETF	Sold out	0.00%	−0.14
RTX RTX Corp.	Reduce -30.9%	0.38%	−0.14
XBI SS SPDR S&P Biotech ETF	Sold out	0.00%	−0.14
SQM Quimica Y Minera Chil-SP ADR	Sold out	0.00%	−0.14
ITOT iShares Core S&P Total U.S.	Sold out	0.00%	−0.13
UNP Union Pacific Corp.	Reduce -0.1%	1.42%	−0.13
ENB Enbridge Inc.	Reduce -18.1%	0.34%	−0.11
STNE Stoneco Ltd. Class A	Reduce -1.3%	0.49%	−0.10
BIPC Brookfield Infrastructure-A	Reduce -22.5%	0.19%	−0.07
BAM Brookfield Asset Mgmt-A	Reduce -2.3%	0.99%	−0.07
LHX L3HARRIS Technologies Inc.	Reduce -1.9%	0.62%	−0.06
BN Brookfield Corp.	Reduce -0.5%	1.09%	−0.06
VNQ Vanguard Real Estate ETF	Reduce -16.6%	0.17%	−0.06
BBUC Brookfield Business Class A	Reduce -1.1%	0.86%	−0.06
FTEC Fidelity MSCI Info Tech Indx	Reduce -9.3%	0.51%	−0.06
XP XP Inc. Class A	Reduce -3.1%	0.35%	−0.05
BBU Brookfield Business PT-Unit	Reduce -7.2%	0.50%	−0.05
GOOG Alphabet Inc. Class C	Reduce -1.4%	1.82%	−0.05
IWF iShares Russell 1000 Growth	Reduce -19.9%	0.21%	−0.05
QCLN First Trust Nasdaq Clean Edg	Reduce -4.9%	0.12%	−0.05
PARAA Paramount Global Class B	Reduce -10.9%	0.09%	−0.05
ALB Albemarle Corp.	Reduce -1.6%	0.20%	−0.04
NEE Nextera Energy Inc.	Reduce -4.6%	0.35%	−0.03
AVUV Avantis US Small Cap Value	Reduce -4.0%	0.25%	−0.02
ELV Elevance Health Inc.	Reduce -1.1%	2.37%	−0.02
ADSK Autodesk Inc.	Reduce -0.8%	0.43%	−0.01
PG The Procter & Gamble Co.	Reduce -8.6%	0.16%	−0.01
V Visa Inc. Class A	Reduce -1.3%	0.36%	−0.01
F Ford Motor Co.	Reduce -4.8%	0.16%	−0.01
DGRO iShares Core Dividend Growth	Reduce -1.5%	0.21%	−0.01
VOO Vanguard S&P 500 ETF	Reduce -3.6%	0.18%	−0.01
SOXX iShares Semiconductor ETF	Reduce -6.6%	0.14%	+0.00
PAVE Global X US Infrastructure	Reduce -4.4%	0.34%	+0.00
AMD Advanced Micro Devices	Reduce -1.9%	0.26%	+0.02
STLD Steel Dynamics Inc.	Reduce -6.2%	0.45%	+0.03
BRK.B Berkshire Hathaway Inc. Class B	Reduce -2.2%	0.84%	+0.04

Portfolio Buys Q4 2023 → Q1 2024


SLG SL Green Realty Corp.	Add +30.9%	1.72%	+0.54
ADBE Adobe Inc.	New	0.49%	+0.49
ETN Eaton Corp. PLC	Add +0.1%	2.42%	+0.38
AVAV Aerovironment Inc.	Add +136.7%	0.49%	+0.30
MRVL Marvell Technology Inc.	Add +11.1%	1.41%	+0.23
IGM iShares Expanded Tech Sector	New	0.23%	+0.23
QCOM Qualcomm Inc.	Add +1.7%	2.60%	+0.21
BABA Alibaba Group Holding-SP ADR	Add +76.4%	0.57%	+0.19
SPYG SS SPDR P S&P 500 Growth ETF	New	0.17%	+0.17
PPLI People Inc.	Add +20.1%	1.42%	+0.15
PANW Palo Alto Networks Inc.	Add +57.9%	0.51%	+0.14
AMZN Amazon.com Inc.	Add +23.5%	0.52%	+0.13
XLI SS Industrial Select Sector	New	0.12%	+0.12
GS Goldman Sachs Group Inc.	New	0.12%	+0.12
XLV SS Health Care Select Sector	New	0.12%	+0.12
SCHW Schwab (charles) Corp.	Add +8.8%	2.01%	+0.09
C Citigroup Inc.	Add +0.1%	0.71%	+0.08
VUG Vanguard Mrngstar GR ETF-Sui	Add +8.4%	0.75%	+0.07
FDX FedEx Corp.	Add +0.3%	1.11%	+0.05
LRCX Lam Research Corp.	Add +5.2%	0.28%	+0.05
VTI VG Morningstar TS MKT ETF-US	Add +12.3%	0.38%	+0.04
GTLS Chart Industries Inc.	Add +3.4%	0.31%	+0.04
AVTR Avantor Inc.	Add +0.5%	0.72%	+0.02
FBCG Fidelity Blue Chip Grow ETF	Add +1.1%	0.29%	+0.02
IWB iShares Russell 1000 ETF	Add +2.1%	0.47%	+0.01
IVV iShares Core S&P 500 ETF	Add +2.0%	0.35%	+0.01
SPHQ Invesco S&P 500 Quality ETF	Add +0.3%	0.33%	+0.01
DIVB iShares Core Dividend ETF	Add +3.5%	0.28%	+0.01
QQQ Invesco QQQ Trust Series 1	Add +3.5%	0.26%	+0.01
FHLC Fidelity MSCI Health Care	Add +1.3%	0.62%	−0.00
FDVV Fidelity High Dividend ETF	Add +1.7%	0.23%	−0.00
VIG Vanguard Dividend Apprec ETF	Add +0.8%	1.17%	−0.02
DHR Danaher Corp.	Add +0.4%	2.17%	−0.02
BNT Brookfield Reins Ltd.	Add +0.6%	0.47%	−0.02
PEP Pepsico Inc.	Add +3.9%	1.35%	−0.03
JLL Jones Lang Lasalle Inc.	Add +3.8%	1.52%	−0.03
GOOGL Alphabet Inc. Class A	Add +0.4%	3.60%	−0.03
SHEL Shell PLC-ADR	Add +2.1%	1.05%	−0.05
UNH Unitedhealth Group Inc.	Add +0.4%	0.73%	−0.12
ABT Abbott Laboratories	Add +0.1%	2.13%	−0.12
BA The Boeing Co.	Add +8.5%	0.86%	−0.31

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	118	$237.8M	GE, GOOGL, AMAT, GEV, MRVL
Q1 2026	110	$199.7M	GE, GOOGL, MSFT, GEV, BNT
Q4 2025	115	$219.8M	MSFT, GE, GOOGL, BNT, META
Q3 2025	118	$214.8M	MSFT, GE, GOOGL, BNT, META
Q2 2025	112	$197.6M	MSFT, GE, META, BNT, SYK
Q1 2025	113	$179.0M	MSFT, GE, GOOGL, BNT, SYK
Q4 2024	112	$186.8M	MSFT, GOOGL, GE, AAPL, BNT
Q3 2024Amended	115	$189.9M	MSFT, GE, GOOGL, AAPL, META
Q2 2024	112	$182.5M	MSFT, GOOGL, GE, AAPL, QCOM
Q1 2024	109	$176.3M	MSFT, GE, GOOGL, SYK, META