Tandem Capital Management Corp.

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

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Tandem Capital Management Corp. reported 112 stock positions worth $186.8 million. Its top holding was Microsoft (MSFT) at 5.5% of the portfolio, followed by Alphabet Class A (GOOGL, 4.0%) and General Electric (GE, 3.6%). Compared with Q3 2024, it opened 4 new positions, sold out of 7, added to 32 and reduced 58. The biggest buy was Boeing (BA, shares +65%) and the biggest sale Elevance Health (ELV, shares −0%).

Most Recent 13F: Q2 2026
Location: WOODCLIFF LAKE, NJ
CIK: 0000873759
Portfolio Value: $186.8M (Q4 2024)
SEC Filing: 0000873759-25-000001 ↗ filed Jan 27, 2025

Holdings Value

Holdings 112 stocks · $186.8M


MSFT Microsoft Corp.	5.47%	24,261	$10.2M	Reduce -3.2%
GOOGL Alphabet Inc. Class A	4.04%	39,822	$7.5M	Reduce -1.6%
GE General Electric filed as GE AEROSPACE	3.56%	39,823	$6.6M	Reduce -1.7%
AAPL Apple Inc.	3.38%	25,234	$6.3M	Reduce -1.3%
BNT Brookfield Wealth Solutions	3.33%	108,234	$6.2M	Reduce -0.3%
META Meta Platforms Inc. Class A	3.29%	10,487	$6.1M	Add +0.9%
SYK Stryker Corp.	2.89%	14,984	$5.4M	Reduce -2.9%
BSX Boston Scientific Corp.	2.61%	54,546	$4.9M	Reduce -1.1%
ETN Eaton Corp. PLC	2.39%	13,464	$4.5M	Reduce -0.1%
QCOM Qualcomm Inc.	2.22%	26,977	$4.1M	Reduce -0.6%
SLG SL Green Realty Corp.	2.18%	59,895	$4.1M	Reduce -2.7%
MRVL Marvell Technology Inc.	2.17%	36,699	$4.1M	Reduce -3.5%
JPM JPMorgan Chase & Co.	2.12%	16,553	$4.0M	Reduce -3.0%
GEV GE Vernova Inc.	2.02%	11,485	$3.8M	Reduce -2.1%
GOOG Alphabet Inc. Class C	2.01%	19,724	$3.8M	Reduce -2.7%
SCHW Schwab (charles) Corp.	1.96%	49,551	$3.7M	Add +0.0%
JLL Jones Lang Lasalle Inc.	1.86%	13,696	$3.5M	Add +0.7%
ABT Abbott Laboratories	1.84%	30,349	$3.4M	Reduce -2.3%
DHR Danaher Corp.	1.81%	14,712	$3.4M	Reduce -0.5%
AMAT Applied Materials Inc.	1.60%	18,338	$3.0M	Reduce -1.0%
ELV Elevance Health Inc.	1.51%	7,663	$2.8M	Reduce -0.2%
UBER Uber Technologies Inc.	1.47%	45,459	$2.7M	Add +31.4%
VIG Vanguard Dividend Apprec ETF	1.33%	12,685	$2.5M	Add +8.4%
BA The Boeing Co.	1.31%	13,815	$2.4M	Add +65.2%
BN Brookfield Corp.	1.22%	39,569	$2.3M	Reduce -6.7%
GEHC GE Healthcare Technology	1.18%	28,210	$2.2M	Add +0.4%
BABA Alibaba Group Holding-SP ADR	1.17%	25,798	$2.2M	Add +2.1%
GM General Motors Co.	1.16%	40,551	$2.2M	Reduce -6.4%
BAM Brookfield Asset Mgmt-A	1.13%	39,111	$2.1M	Add +0.5%
PEP Pepsico Inc.	1.11%	13,642	$2.1M	Reduce -1.5%
FTV Fortive Corp.	1.10%	27,397	$2.1M	Add +2.7%
RRX Regal Rexnord Corp.	1.09%	13,127	$2.0M	Reduce -2.8%
PLD Prologis Inc.	1.06%	18,682	$2.0M	Add +1.9%
AMZN Amazon.com Inc.	1.04%	8,843	$1.9M	Add +9.4%
PPLI People Inc. filed as IAC INC	1.02%	44,364	$1.9M	Reduce -1.5%
UNP Union Pacific Corp.	0.96%	7,896	$1.8M	Reduce -17.5%
LHX L3HARRIS Technologies Inc.	0.93%	8,257	$1.7M	Add +2.4%
HD Home Depot Inc.	0.92%	4,427	$1.7M	No change
PM Philip Morris International	0.89%	13,756	$1.7M	Reduce -1.6%
VUG Vanguard Mrngstar GR ETF-Sui	0.86%	3,892	$1.6M	Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B	0.82%	3,388	$1.5M	No change
SHEL Shell PLC-ADR	0.80%	23,722	$1.5M	Reduce -6.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.77%	37,530	$1.4M	Add +5.9%
BBUC Brookfield Business Class A	0.74%	57,133	$1.4M	Add +2.2%
BIP Brookfield Infrastructure Pa	0.72%	42,417	$1.3M	Reduce -2.9%
WM Waste Management Inc.	0.71%	6,567	$1.3M	Reduce -0.3%
NVDA Nvidia Corp.	0.67%	9,265	$1.2M	Reduce -3.4%
FDX FedEx Corp.	0.64%	4,251	$1.2M	Reduce -33.4%
C Citigroup Inc.	0.62%	16,443	$1.2M	Reduce -0.2%
PANW Palo Alto Networks Inc.	0.62%	6,320	$1.1M	Add +2.3%
AVAV Aerovironment Inc.	0.55%	6,667	$1.0M	Add +3.9%
CVS CVS Health Corp.	0.54%	22,315	$1.0M	New
SPHQ Invesco S&P 500 Quality ETF	0.52%	14,360	$963K	No change
IWB iShares Russell 1000 ETF	0.50%	2,895	$933K	No change
FCNCA First Citizens Bcshs Class A	0.50%	439	$928K	Reduce -0.9%
CRWD CrowdStrike Holdings Inc. Class A	0.47%	2,572	$880K	Reduce -1.0%
VTI VG Morningstar TS MKT ETF-US	0.46%	2,959	$858K	No change
FHLC Fidelity MSCI Health Care	0.46%	13,062	$854K	Reduce -1.4%
SMH Vaneck Semiconductor ETF	0.45%	3,480	$843K	Add +0.1%
PYPL PayPal Holdings Inc.	0.44%	9,592	$819K	Add +30.6%
GTLS Chart Industries Inc.	0.42%	4,125	$787K	Reduce -3.7%
AVTR Avantor Inc.	0.41%	36,662	$772K	Reduce -10.9%
V Visa Inc. Class A	0.41%	2,437	$770K	Reduce -8.8%
CMCSA Comcast Corp. Class A	0.41%	20,404	$766K	Reduce -12.0%
FBCG Fidelity Blue Chip Grow ETF	0.41%	16,395	$758K	Add +14.6%
ALB Albemarle Corp.	0.40%	8,761	$754K	Reduce -2.1%
IGM iShares Expanded Tech Sector	0.39%	7,220	$737K	Add +28.9%
VTR Ventas Inc.	0.39%	12,320	$726K	Reduce -4.6%
IVV iShares Core S&P 500 ETF	0.38%	1,211	$713K	Add +2.5%
BBU Brookfield Business PT-Unit	0.38%	30,170	$707K	Reduce -4.7%
CRM Salesforce Inc.	0.38%	2,099	$702K	New
BRK.A Berkshire Hathaway Inc. Class A	0.36%	1	$681K	No change
NEE Nextera Energy Inc.	0.36%	9,485	$680K	Reduce -4.5%
FNDA Schwab Fndmntl US SM Co. ETF	0.35%	21,910	$651K	Add +0.5%
PAVE Global X US Infrastructure	0.35%	16,070	$649K	Add +2.5%
ASML ASML Holding NV-NY Reg SHS	0.34%	905	$627K	Add +123.5%
FTEC Fidelity MSCI Info Tech Indx	0.32%	3,237	$598K	Reduce -0.6%
QQQ Invesco QQQ Trust Series 1	0.32%	1,157	$591K	No change
FIGS Figs Inc. Class A	0.30%	90,330	$559K	Reduce -15.8%
GRPM Invesco S&P Midcap 400 Garp	0.29%	4,840	$546K	No change
SPYG SS SPDR P S&P 500 Growth ETF	0.27%	5,795	$509K	Reduce -6.5%
DIVB iShares Core Dividend ETF	0.26%	10,305	$488K	Add +1.0%
FDVV Fidelity High Dividend ETF	0.25%	9,470	$473K	Add +3.3%
AVUV Avantis US Small Cap Value	0.25%	4,830	$466K	Reduce -5.5%
LMT Lockheed Martin Corp.	0.24%	935	$454K	Add +1.1%
ADP Automatic Data Processing	0.24%	1,521	$445K	Reduce -3.5%
ENB Enbridge Inc.	0.24%	10,453	$444K	Reduce -3.2%
IWF iShares Russell 1000 Growth	0.23%	1,088	$437K	Add +1.9%
ENPH Enphase Energy Inc.	0.23%	6,351	$436K	Reduce -25.8%
APD Air Products & Chemicals Inc.	0.20%	1,310	$380K	Reduce -46.4%
DGRO iShares Core Dividend Growth	0.20%	6,011	$369K	Reduce -1.5%
LRCX Lam Research Corp.	0.20%	5,100	$368K	No change
VOO Vanguard S&P 500 ETF	0.19%	671	$362K	No change
VRSK Verisk Analytics Inc.	0.18%	1,244	$343K	No change
BIPC Brookfield Infrastructure-A	0.17%	8,011	$321K	Reduce -6.6%
AMD Advanced Micro Devices	0.16%	2,465	$298K	No change
PG The Procter & Gamble Co.	0.16%	1,766	$296K	No change
STNE Stoneco Ltd. Class A	0.16%	37,002	$295K	Reduce -3.5%
VNQ Vanguard Real Estate ETF	0.15%	3,110	$277K	Reduce -8.3%
ITOT iShares Core S&P Total U.S.	0.14%	2,012	$259K	Add +11.0%

Show all 112 holdings

Portfolio Sells Q3 2024 → Q4 2024


ELV Elevance Health Inc.	Reduce -0.2%	1.51%	−0.59
GE General Electric	Reduce -1.7%	3.56%	−0.47
AMAT Applied Materials Inc.	Reduce -1.0%	1.60%	−0.37
DHR Danaher Corp.	Reduce -0.5%	1.81%	−0.36
UNH Unitedhealth Group Inc.	Sold out	0.00%	−0.31
FDX FedEx Corp.	Reduce -33.4%	0.64%	−0.28
UNP Union Pacific Corp.	Reduce -17.5%	0.96%	−0.28
ENPH Enphase Energy Inc.	Reduce -25.8%	0.23%	−0.28
PPLI People Inc.	Reduce -1.5%	1.02%	−0.25
QCOM Qualcomm Inc.	Reduce -0.6%	2.22%	−0.21
MSFT Microsoft Corp.	Reduce -3.2%	5.47%	−0.21
RTX RTX Corp.	Sold out	0.00%	−0.20
IART Integra Lifesciences Holding	Sold out	0.00%	−0.19
APD Air Products & Chemicals Inc.	Reduce -46.4%	0.20%	−0.18
AVTR Avantor Inc.	Reduce -10.9%	0.41%	−0.15
PEP Pepsico Inc.	Reduce -1.5%	1.11%	−0.13
NEM Newmont Corp.	Sold out	0.00%	−0.12
SO The Southern Co.	Sold out	0.00%	−0.12
STLD Steel Dynamics Inc.	Sold out	0.00%	−0.11
IWD iShares Russell 1000 Value E	Sold out	0.00%	−0.11
CMCSA Comcast Corp. Class A	Reduce -12.0%	0.41%	−0.10
XP XP Inc. Class A	Reduce -21.2%	0.10%	−0.09
RRX Regal Rexnord Corp.	Reduce -2.8%	1.09%	−0.09
SHEL Shell PLC-ADR	Reduce -6.8%	0.80%	−0.09
FIGS Figs Inc. Class A	Reduce -15.8%	0.30%	−0.09
BIP Brookfield Infrastructure Pa	Reduce -2.9%	0.72%	−0.08
SLG SL Green Realty Corp.	Reduce -2.7%	2.18%	−0.08
NEE Nextera Energy Inc.	Reduce -4.5%	0.36%	−0.08
STNE Stoneco Ltd. Class A	Reduce -3.5%	0.16%	−0.07
DIA SS SPDR Dow Jones Indus Avg	Reduce -37.3%	0.12%	−0.06
FHLC Fidelity MSCI Health Care	Reduce -1.4%	0.46%	−0.05
VTR Ventas Inc.	Reduce -4.6%	0.39%	−0.05
SYK Stryker Corp.	Reduce -2.9%	2.89%	−0.05
ALB Albemarle Corp.	Reduce -2.1%	0.40%	−0.04
F Ford Motor Co.	Reduce -23.5%	0.10%	−0.04
ABT Abbott Laboratories	Reduce -2.3%	1.84%	−0.03
VNQ Vanguard Real Estate ETF	Reduce -8.3%	0.15%	−0.03
BIPC Brookfield Infrastructure-A	Reduce -6.6%	0.17%	−0.02
WM Waste Management Inc.	Reduce -0.3%	0.71%	−0.01
BBU Brookfield Business PT-Unit	Reduce -4.7%	0.38%	−0.01
AVUV Avantis US Small Cap Value	Reduce -5.5%	0.25%	−0.01
SPGI S&P Global Inc.	Reduce -3.8%	0.12%	−0.01
PM Philip Morris International	Reduce -1.6%	0.89%	−0.01
DGRO iShares Core Dividend Growth	Reduce -1.5%	0.20%	−0.00
SPYG SS SPDR P S&P 500 Growth ETF	Reduce -6.5%	0.27%	+0.00
ENB Enbridge Inc.	Reduce -3.2%	0.24%	+0.01
ADP Automatic Data Processing	Reduce -3.5%	0.24%	+0.01
FTEC Fidelity MSCI Info Tech Indx	Reduce -0.6%	0.32%	+0.02
V Visa Inc. Class A	Reduce -8.8%	0.41%	+0.03
BN Brookfield Corp.	Reduce -6.7%	1.22%	+0.03

Portfolio Buys Q3 2024 → Q4 2024


BA The Boeing Co.	Add +65.2%	1.31%	+0.64
CVS CVS Health Corp.	New	0.54%	+0.54
CRM Salesforce Inc.	New	0.38%	+0.38
SCHW Schwab (charles) Corp.	Add +0.0%	1.96%	+0.27
AMZN Amazon.com Inc.	Add +9.4%	1.04%	+0.25
BAM Brookfield Asset Mgmt-A	Add +0.5%	1.13%	+0.17
ASML ASML Holding NV-NY Reg SHS	Add +123.5%	0.34%	+0.16
META Meta Platforms Inc. Class A	Add +0.9%	3.29%	+0.15
PYPL PayPal Holdings Inc.	Add +30.6%	0.44%	+0.14
AVGO Broadcom Inc.	New	0.12%	+0.12
IGM iShares Expanded Tech Sector	Add +28.9%	0.39%	+0.11
VIG Vanguard Dividend Apprec ETF	Add +8.4%	1.33%	+0.11
MA Mastercard Inc. Class A	New	0.11%	+0.11
UBER Uber Technologies Inc.	Add +31.4%	1.47%	+0.10
VUG Vanguard Mrngstar GR ETF-Sui	Add +2.1%	0.86%	+0.08
FBCG Fidelity Blue Chip Grow ETF	Add +14.6%	0.41%	+0.08
PANW Palo Alto Networks Inc.	Add +2.3%	0.62%	+0.06
IVV iShares Core S&P 500 ETF	Add +2.5%	0.38%	+0.02
IWF iShares Russell 1000 Growth	Add +1.9%	0.23%	+0.02
ITOT iShares Core S&P Total U.S.	Add +11.0%	0.14%	+0.02
FDVV Fidelity High Dividend ETF	Add +3.3%	0.25%	+0.01
PAVE Global X US Infrastructure	Add +2.5%	0.35%	+0.01
FNDA Schwab Fndmntl US SM Co. ETF	Add +0.5%	0.35%	+0.01
SMH Vaneck Semiconductor ETF	Add +0.1%	0.45%	+0.00
DIVB iShares Core Dividend ETF	Add +1.0%	0.26%	+0.00
BBUC Brookfield Business Class A	Add +2.2%	0.74%	−0.00
FTV Fortive Corp.	Add +2.7%	1.10%	−0.01
SLB SLB Ltd.	Add +5.9%	0.77%	−0.01
ON On Semiconductor	Add +1.4%	0.13%	−0.01
LMT Lockheed Martin Corp.	Add +1.1%	0.24%	−0.04
JLL Jones Lang Lasalle Inc.	Add +0.7%	1.86%	−0.08
LHX L3HARRIS Technologies Inc.	Add +2.4%	0.93%	−0.08
AVAV Aerovironment Inc.	Add +3.9%	0.55%	−0.13
PLD Prologis Inc.	Add +1.9%	1.06%	−0.16
GEHC GE Healthcare Technology	Add +0.4%	1.18%	−0.21
BABA Alibaba Group Holding-SP ADR	Add +2.1%	1.17%	−0.24

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