Tandem Capital Management Corp.

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 24, 2025), Tandem Capital Management Corp. reported 112 stock positions worth $197.6 million. Its top holding was Microsoft (MSFT) at 6.0% of the portfolio, followed by General Electric (GE, 4.5%) and Meta Platforms Class A (META, 3.5%). Compared with Q1 2025, it opened 5 new positions, sold out of 7, added to 22 and reduced 59. The biggest buy was Aerovironment (AVAV, shares +0%) and the biggest sale Shell PLC-ADR (SHEL, shares −86%).

Most Recent 13F: Q2 2026
Location: WOODCLIFF LAKE, NJ
CIK: 0000873759
Portfolio Value: $197.6M (Q2 2025)
SEC Filing: 0000873759-25-000004 ↗ filed Jul 24, 2025

Holdings Value

Holdings 112 stocks · $197.6M


MSFT Microsoft Corp.	6.03%	23,941	$11.9M	Reduce -0.8%
GE General Electric filed as GE AEROSPACE	4.49%	34,483	$8.9M	Reduce -12.2%
META Meta Platforms Inc. Class A	3.55%	9,494	$7.0M	Reduce -0.9%
BNT Brookfield Wealth Solutions	3.38%	108,074	$6.7M	Reduce -0.1%
SYK Stryker Corp.	2.98%	14,877	$5.9M	Reduce -0.4%
GOOGL Alphabet Inc. Class A	2.96%	33,187	$5.8M	Reduce -16.4%
BSX Boston Scientific Corp.	2.88%	53,044	$5.7M	Reduce -1.2%
GEV GE Vernova Inc.	2.86%	10,680	$5.7M	Reduce -4.9%
ETN Eaton Corp. PLC	2.48%	13,724	$4.9M	Reduce -0.3%
JPM JPMorgan Chase & Co.	2.41%	16,440	$4.8M	Reduce -0.9%
SCHW Schwab (charles) Corp.	2.28%	49,369	$4.5M	Reduce -0.4%
QCOM Qualcomm Inc.	2.15%	26,722	$4.3M	Add +2.8%
AAPL Apple Inc.	2.13%	20,532	$4.2M	Reduce -6.8%
UBER Uber Technologies Inc.	2.09%	44,239	$4.1M	Reduce -0.5%
ABT Abbott Laboratories	2.07%	30,133	$4.1M	Reduce -0.3%
SLG SL Green Realty Corp.	1.87%	59,790	$3.7M	Add +0.2%
JLL Jones Lang Lasalle Inc.	1.76%	13,622	$3.5M	Reduce -0.3%
AMAT Applied Materials Inc.	1.70%	18,322	$3.4M	Reduce -0.2%
BA The Boeing Co.	1.56%	14,692	$3.1M	Add +3.2%
GOOG Alphabet Inc. Class C	1.55%	17,314	$3.1M	Reduce -12.2%
MRVL Marvell Technology Inc.	1.50%	38,407	$3.0M	Add +3.8%
BABA Alibaba Group Holding-SP ADR	1.50%	26,064	$3.0M	Reduce -0.3%
ELV Elevance Health Inc.	1.48%	7,531	$2.9M	Reduce -0.2%
DHR Danaher Corp.	1.48%	14,807	$2.9M	Add +0.4%
GEHC GE Healthcare Technology	1.46%	38,855	$2.9M	Add +39.2%
VIG Vanguard Dividend Apprec ETF	1.28%	12,338	$2.5M	Reduce -0.2%
BN Brookfield Corp.	1.19%	38,047	$2.4M	Reduce -7.1%
AVAV Aerovironment Inc.	1.17%	8,146	$2.3M	Add +0.3%
BAM Brookfield Asset Mgmt-A	1.09%	38,992	$2.2M	Reduce -0.2%
AMZN Amazon.com Inc.	1.06%	9,560	$2.1M	Add +9.8%
CVS CVS Health Corp.	1.05%	30,118	$2.1M	Add +0.3%
RRX Regal Rexnord Corp.	1.02%	13,914	$2.0M	Add +5.6%
PLD Prologis Inc.	1.00%	18,771	$2.0M	Add +0.1%
LHX L3HARRIS Technologies Inc.	1.00%	7,847	$2.0M	Reduce -0.4%
GM General Motors Co.	0.98%	39,251	$1.9M	Reduce -3.5%
VUG Vanguard Mrngstar GR ETF-Sui	0.94%	4,243	$1.9M	Add +6.2%
UNP Union Pacific Corp.	0.91%	7,783	$1.8M	Reduce -0.7%
HD Home Depot Inc.	0.88%	4,718	$1.7M	Add +0.2%
BBUC Brookfield Business Class A	0.87%	54,903	$1.7M	Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B	0.83%	3,368	$1.6M	Reduce -0.3%
WM Waste Management Inc.	0.76%	6,583	$1.5M	Reduce -0.5%
PEP Pepsico Inc.	0.76%	11,339	$1.5M	Reduce -3.8%
C Citigroup Inc.	0.75%	17,375	$1.5M	Reduce -0.6%
FTV Fortive Corp.	0.72%	27,412	$1.4M	Reduce -0.5%
BIP Brookfield Infrastructure Pa	0.70%	41,540	$1.4M	Reduce -0.6%
PANW Palo Alto Networks Inc.	0.67%	6,475	$1.3M	Reduce -0.7%
NVDA Nvidia Corp.	0.66%	8,280	$1.3M	Add +6.0%
PM Philip Morris International	0.64%	6,979	$1.3M	Reduce -0.8%
PPLI People Inc. filed as IAC INC	0.64%	34,040	$1.3M	No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.63%	36,975	$1.2M	Reduce -1.3%
CRWD CrowdStrike Holdings Inc. Class A	0.62%	2,422	$1.2M	Reduce -4.9%
MSI Motorola Solutions Inc.	0.60%	2,837	$1.2M	New
CSL Carlisle Cos Inc.	0.55%	2,913	$1.1M	No change
SPHQ Invesco S&P 500 Quality ETF	0.53%	14,805	$1.1M	Reduce -1.1%
PYPL PayPal Holdings Inc.	0.52%	13,895	$1.0M	No change
IWB iShares Russell 1000 ETF	0.50%	2,895	$983K	No change
SMH Vaneck Semiconductor ETF	0.49%	3,480	$971K	No change
VTI VG Morningstar TS MKT ETF-US	0.45%	2,949	$896K	Reduce -0.3%
V Visa Inc. Class A	0.44%	2,437	$865K	No change
FCNCA First Citizens Bcshs Class A	0.43%	439	$859K	No change
IGM iShares Expanded Tech Sector	0.43%	7,595	$853K	Add +0.9%
FHLC Fidelity MSCI Health Care	0.41%	12,532	$801K	No change
FBCG Fidelity Blue Chip Grow ETF	0.40%	16,195	$781K	Reduce -1.0%
VTR Ventas Inc.	0.39%	12,320	$778K	No change
BBU Brookfield Business PT-Unit	0.39%	29,567	$767K	Reduce -0.3%
CRM Salesforce Inc.	0.39%	2,791	$761K	Add +6.0%
IVV iShares Core S&P 500 ETF	0.38%	1,211	$752K	No change
BRK.A Berkshire Hathaway Inc. Class A	0.37%	1	$729K	No change
ASML ASML Holding NV-NY Reg SHS	0.37%	905	$725K	No change
NEE Nextera Energy Inc.	0.35%	9,965	$692K	Add +1.5%
AVGO Broadcom Inc.	0.35%	2,480	$684K	No change
GTLS Chart Industries Inc.	0.34%	4,035	$664K	Reduce -1.0%
FTEC Fidelity MSCI Info Tech Indx	0.31%	3,137	$619K	Reduce -3.1%
PAVE Global X US Infrastructure	0.31%	13,880	$605K	Reduce -13.6%
SPYG SS SPDR P S&P 500 Growth ETF	0.28%	5,720	$545K	Reduce -1.3%
DIVB iShares Core Dividend ETF	0.28%	10,825	$545K	No change
FNDA Schwab Fndmntl US SM Co. ETF	0.27%	18,790	$538K	Reduce -1.4%
GRPM Invesco S&P Midcap 400 Garp	0.26%	4,755	$520K	Reduce -1.8%
FDVV Fidelity High Dividend ETF	0.25%	9,620	$500K	Add +0.5%
LRCX Lam Research Corp.	0.25%	5,100	$496K	No change
STNE Stoneco Ltd. Class A	0.24%	29,946	$480K	Reduce -7.5%
ENB Enbridge Inc.	0.24%	10,353	$469K	Reduce -1.0%
ADP Automatic Data Processing	0.24%	1,521	$469K	No change
IWF iShares Russell 1000 Growth	0.23%	1,088	$462K	No change
ARGX Argenx SE - ADR	0.23%	817	$450K	New
RAL Ralliant Corp.	0.22%	9,136	$443K	Reduce -0.4%
LMT Lockheed Martin Corp.	0.22%	945	$438K	Add +1.1%
FIGS Figs Inc. Class A	0.21%	73,930	$417K	Reduce -8.2%
VRSK Verisk Analytics Inc.	0.20%	1,244	$388K	No change
VOO Vanguard S&P 500 ETF	0.19%	673	$382K	Add +0.3%
APD Air Products & Chemicals Inc.	0.19%	1,310	$369K	No change
DGRO iShares Core Dividend Growth	0.19%	5,761	$368K	Reduce -4.2%
QQQ Invesco QQQ Trust Series 1	0.17%	603	$333K	No change
ALB Albemarle Corp.	0.17%	5,288	$331K	Reduce -26.0%
BIPC Brookfield Infrastructure-A	0.17%	7,871	$327K	Reduce -1.8%
GS Goldman Sachs Group Inc.	0.17%	461	$326K	Reduce -3.1%
AVTR Avantor Inc.	0.16%	24,092	$324K	Reduce -15.7%
XP XP Inc. Class A	0.16%	16,053	$324K	Reduce -1.0%
AMD Advanced Micro Devices	0.15%	2,040	$289K	Reduce -19.4%
PG The Procter & Gamble Co.	0.14%	1,766	$281K	No change

Show all 112 holdings

Portfolio Sells Q1 2025 → Q2 2025


SHEL Shell PLC-ADR	Reduce -86.0%	0.12%	−0.84
AAPL Apple Inc.	Reduce -6.8%	2.13%	−0.60
FDX FedEx Corp.	Sold out	0.00%	−0.58
GOOGL Alphabet Inc. Class A	Reduce -16.4%	2.96%	−0.47
BABA Alibaba Group Holding-SP ADR	Reduce -0.3%	1.50%	−0.44
FTV Fortive Corp.	Reduce -0.5%	0.72%	−0.40
ELV Elevance Health Inc.	Reduce -0.2%	1.48%	−0.35
SLB SLB Ltd.	Reduce -1.3%	0.63%	−0.24
AVUV Avantis US Small Cap Value	Sold out	0.00%	−0.24
PEP Pepsico Inc.	Reduce -3.8%	0.76%	−0.23
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.3%	0.83%	−0.18
THS Treehouse Foods Inc.	Sold out	0.00%	−0.17
GOOG Alphabet Inc. Class C	Reduce -12.2%	1.55%	−0.17
ABT Abbott Laboratories	Reduce -0.3%	2.07%	−0.17
BSX Boston Scientific Corp.	Reduce -1.2%	2.88%	−0.14
JLL Jones Lang Lasalle Inc.	Reduce -0.3%	1.76%	−0.13
SYK Stryker Corp.	Reduce -0.4%	2.98%	−0.13
UNP Union Pacific Corp.	Reduce -0.7%	0.91%	−0.13
NEM Newmont Corp.	Sold out	0.00%	−0.12
ALB Albemarle Corp.	Reduce -26.0%	0.17%	−0.12
SO The Southern Co.	Sold out	0.00%	−0.11
ENPH Enphase Energy Inc.	Sold out	0.00%	−0.11
AVTR Avantor Inc.	Reduce -15.7%	0.16%	−0.09
WM Waste Management Inc.	Reduce -0.5%	0.76%	−0.09
GM General Motors Co.	Reduce -3.5%	0.98%	−0.09
VIG Vanguard Dividend Apprec ETF	Reduce -0.2%	1.28%	−0.06
PAVE Global X US Infrastructure	Reduce -13.6%	0.31%	−0.03
RAL Ralliant Corp.	Reduce -0.4%	0.22%	−0.02
ENB Enbridge Inc.	Reduce -1.0%	0.24%	−0.02
SPHQ Invesco S&P 500 Quality ETF	Reduce -1.1%	0.53%	−0.02
DGRO iShares Core Dividend Growth	Reduce -4.2%	0.19%	−0.02
GRPM Invesco S&P Midcap 400 Garp	Reduce -1.8%	0.26%	−0.02
FNDA Schwab Fndmntl US SM Co. ETF	Reduce -1.4%	0.27%	−0.02
SPGI S&P Global Inc.	Reduce -1.6%	0.12%	−0.01
BN Brookfield Corp.	Reduce -7.1%	1.19%	−0.01
UNICYCIVE THERAPEUTICS INC	Sold out	0.00%	−0.01
BBU Brookfield Business PT-Unit	Reduce -0.3%	0.39%	−0.00
VTI VG Morningstar TS MKT ETF-US	Reduce -0.3%	0.45%	−0.00
AMD Advanced Micro Devices	Reduce -19.4%	0.15%	+0.00
BIPC Brookfield Infrastructure-A	Reduce -1.8%	0.17%	+0.00
FIGS Figs Inc. Class A	Reduce -8.2%	0.21%	+0.00
GTLS Chart Industries Inc.	Reduce -1.0%	0.34%	+0.01
BIP Brookfield Infrastructure Pa	Reduce -0.6%	0.70%	+0.01
SPYG SS SPDR P S&P 500 Growth ETF	Reduce -1.3%	0.28%	+0.02
PM Philip Morris International	Reduce -0.8%	0.64%	+0.02
GS Goldman Sachs Group Inc.	Reduce -3.1%	0.17%	+0.02
FTEC Fidelity MSCI Info Tech Indx	Reduce -3.1%	0.31%	+0.02
FBCG Fidelity Blue Chip Grow ETF	Reduce -1.0%	0.40%	+0.03
BAM Brookfield Asset Mgmt-A	Reduce -0.2%	1.09%	+0.03
XP XP Inc. Class A	Reduce -1.0%	0.16%	+0.04

Portfolio Buys Q1 2025 → Q2 2025


AVAV Aerovironment Inc.	Add +0.3%	1.17%	+0.63
MSI Motorola Solutions Inc.	New	0.60%	+0.60
MRVL Marvell Technology Inc.	Add +3.8%	1.50%	+0.23
ARGX Argenx SE - ADR	New	0.23%	+0.23
BA The Boeing Co.	Add +3.2%	1.56%	+0.20
GEHC GE Healthcare Technology	Add +39.2%	1.46%	+0.20
NVDA Nvidia Corp.	Add +6.0%	0.66%	+0.19
RRX Regal Rexnord Corp.	Add +5.6%	1.02%	+0.18
AMZN Amazon.com Inc.	Add +9.8%	1.06%	+0.14
VUG Vanguard Mrngstar GR ETF-Sui	Add +6.2%	0.94%	+0.11
FEZ State Street SPDR Euro Stoxx	New	0.11%	+0.11
IWD iShares Russell 1000 Value E	New	0.10%	+0.10
IVW iShares S&P 500 Growth ETF	New	0.10%	+0.10
IGM iShares Expanded Tech Sector	Add +0.9%	0.43%	+0.05
VOO Vanguard S&P 500 ETF	Add +0.3%	0.19%	+0.00
TY Tri-Continental Corp.	Add +2.5%	0.13%	−0.01
CRM Salesforce Inc.	Add +6.0%	0.39%	−0.01
LMT Lockheed Martin Corp.	Add +1.1%	0.22%	−0.01
FDVV Fidelity High Dividend ETF	Add +0.5%	0.25%	−0.01
VNQ Vanguard Real Estate ETF	Add +0.4%	0.14%	−0.02
NEE Nextera Energy Inc.	Add +1.5%	0.35%	−0.04
SLG SL Green Realty Corp.	Add +0.2%	1.87%	−0.05
QCOM Qualcomm Inc.	Add +2.8%	2.15%	−0.08
CVS CVS Health Corp.	Add +0.3%	1.05%	−0.09
HD Home Depot Inc.	Add +0.2%	0.88%	−0.09
PLD Prologis Inc.	Add +0.1%	1.00%	−0.17
DHR Danaher Corp.	Add +0.4%	1.48%	−0.21

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