Tandem Capital Management Corp.

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

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $176.3M Q1 2024 Q2 2024: $182.5M Q2 2024 Q3 2024: $189.9M Q3 2024 Q4 2024: $186.8M $186.8M Q4 2024 Q1 2025: $179.0M Q1 2025 Q2 2025: $197.6M Q2 2025 Q3 2025: $214.8M Q3 2025 Q4 2025: $219.8M Q4 2025 Q1 2026: $199.7M Q1 2026 Q2 2026: $237.8M Q2 2026

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%
GS Goldman Sachs Group Inc. 0.14% 451 $258K No change
TY Tri-Continental Corp. 0.14% 8,100 $257K No change
XLI SS Industrial Select Sector 0.13% 1,840 $242K No change
ON On Semiconductor 0.13% 3,710 $234K Add +1.4%
SPGI S&P Global Inc. 0.12% 457 $228K Reduce -3.8%
AVGO Broadcom Inc. 0.12% 940 $218K New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.12% 505 $215K Reduce -37.3%
MCD McDonald's Corp. 0.11% 725 $210K No change
MA Mastercard Inc. Class A 0.11% 389 $205K New
XP XP Inc. Class A 0.10% 16,513 $196K Reduce -21.2%
F Ford Motor Co. filed as FORD MTR CO 0.10% 18,890 $187K Reduce -23.5%
UNICYCIVE THERAPEUTICS INC 0.01% 15,500 $12K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 118$237.8MGE, GOOGL, AMAT, GEV, MRVL
Q1 2026 110$199.7MGE, GOOGL, MSFT, GEV, BNT
Q4 2025 115$219.8MMSFT, GE, GOOGL, BNT, META
Q3 2025 118$214.8MMSFT, GE, GOOGL, BNT, META
Q2 2025 112$197.6MMSFT, GE, META, BNT, SYK
Q1 2025 113$179.0MMSFT, GE, GOOGL, BNT, SYK
Q4 2024 112$186.8MMSFT, GOOGL, GE, AAPL, BNT
Q3 2024Amended 115$189.9MMSFT, GE, GOOGL, AAPL, META
Q2 2024 112$182.5MMSFT, GOOGL, GE, AAPL, QCOM
Q1 2024 109$176.3MMSFT, GE, GOOGL, SYK, META