Tandem Capital Management Corp.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Tandem Capital Management Corp. reported 118 stock positions worth $214.8 million. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by General Electric (GE, 4.8%) and Alphabet Class A (GOOGL, 3.7%). Compared with Q2 2025, it opened 10 new positions, sold out of 4, added to 30 and reduced 43. The biggest buy was a new position in Phreesia (PHR) and the biggest sale an exit from General Motors (GM).

Most Recent 13F
Q2 2026
Location
WOODCLIFF LAKE, NJ
CIK
0000873759
Portfolio Value
$214.8M (Q3 2025)
SEC Filing
0000873759-25-000006 ↗ filed Nov 12, 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 Q4 2024 Q1 2025: $179.0M Q1 2025 Q2 2025: $197.6M Q2 2025 Q3 2025: $214.8M $214.8M Q3 2025 Q4 2025: $219.8M Q4 2025 Q1 2026: $199.7M Q1 2026 Q2 2026: $237.8M Q2 2026

Holdings 118 stocks · $214.8M
MSFT Microsoft Corp. 5.87% 24,337 $12.6M Add +1.6%
GE General Electric filed as GE AEROSPACE 4.80% 34,277 $10.3M Reduce -0.6%
GOOGL Alphabet Inc. Class A 3.73% 33,009 $8.0M Reduce -0.5%
BNT Brookfield Wealth Solutions 3.41% 107,078 $7.3M Reduce -0.9%
META Meta Platforms Inc. Class A 3.22% 9,430 $6.9M Reduce -0.7%
GEV GE Vernova Inc. 2.80% 9,783 $6.0M Reduce -8.4%
SYK Stryker Corp. 2.54% 14,776 $5.5M Reduce -0.7%
AAPL Apple Inc. 2.42% 20,450 $5.2M Reduce -0.4%
JPM JPMorgan Chase & Co. 2.42% 16,462 $5.2M Add +0.1%
BSX Boston Scientific Corp. 2.40% 52,760 $5.2M Reduce -0.5%
ETN Eaton Corp. PLC 2.40% 13,754 $5.1M Add +0.2%
SCHW Schwab (charles) Corp. 2.19% 49,319 $4.7M Reduce -0.1%
BABA Alibaba Group Holding-SP ADR 2.16% 25,988 $4.6M Reduce -0.3%
QCOM Qualcomm Inc. 2.07% 26,732 $4.4M Add +0.0%
UBER Uber Technologies Inc. 2.03% 44,531 $4.4M Add +0.7%
GOOG Alphabet Inc. Class C 1.95% 17,235 $4.2M Reduce -0.5%
JLL Jones Lang Lasalle Inc. 1.89% 13,622 $4.1M No change
ABT Abbott Laboratories 1.87% 29,943 $4.0M Reduce -0.6%
AMAT Applied Materials Inc. 1.73% 18,122 $3.7M Reduce -1.1%
SLG SL Green Realty Corp. 1.66% 59,650 $3.6M Reduce -0.2%
MRVL Marvell Technology Inc. 1.49% 37,957 $3.2M Reduce -1.2%
BA The Boeing Co. 1.48% 14,749 $3.2M Add +0.4%
GEHC GE Healthcare Technology 1.37% 39,167 $2.9M Add +0.8%
DHR Danaher Corp. 1.36% 14,765 $2.9M Reduce -0.3%
VIG Vanguard Dividend Apprec ETF 1.22% 12,141 $2.6M Reduce -1.6%
ELV Elevance Health Inc. 1.22% 8,100 $2.6M Add +7.6%
BN Brookfield Corp. 1.21% 37,842 $2.6M Reduce -0.5%
LHX L3HARRIS Technologies Inc. 1.19% 8,357 $2.6M Add +6.5%
AVAV Aerovironment Inc. 1.18% 8,074 $2.5M Reduce -0.9%
CVS CVS Health Corp. 1.05% 30,018 $2.3M Reduce -0.3%
PLD Prologis Inc. 1.01% 18,863 $2.2M Add +0.5%
BAM Brookfield Asset Mgmt-A 1.00% 37,844 $2.2M Reduce -2.9%
AMZN Amazon.com Inc. 0.99% 9,735 $2.1M Add +1.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.93% 4,178 $2.0M Reduce -1.5%
RRX Regal Rexnord Corp. 0.93% 13,914 $2.0M No change
MSI Motorola Solutions Inc. 0.90% 4,231 $1.9M Add +49.1%
BRK.B Berkshire Hathaway Inc. Class B 0.90% 3,848 $1.9M Add +14.3%
HD Home Depot Inc. 0.88% 4,688 $1.9M Reduce -0.6%
BBUC Brookfield Business Class A 0.86% 55,078 $1.8M Add +0.3%
PHR Phreesia Inc. 0.83% 75,853 $1.8M New
UNP Union Pacific Corp. 0.73% 6,668 $1.6M Reduce -14.3%
NVDA Nvidia Corp. 0.71% 8,216 $1.5M Reduce -0.8%
PEP Pepsico Inc. 0.69% 10,539 $1.5M Reduce -7.1%
COF Capital One Financial Corp. 0.69% 6,948 $1.5M New
WM Waste Management Inc. 0.68% 6,583 $1.5M No change
PANW Palo Alto Networks Inc. 0.67% 7,045 $1.4M Add +8.8%
BIP Brookfield Infrastructure Pa 0.63% 41,105 $1.4M Reduce -1.1%
FTV Fortive Corp. 0.59% 25,885 $1.3M Reduce -5.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.57% 35,375 $1.2M Reduce -4.3%
CRWD CrowdStrike Holdings Inc. Class A 0.56% 2,452 $1.2M Add +1.2%
CSL Carlisle Cos Inc. 0.55% 3,571 $1.2M Add +22.6%
SPHQ Invesco S&P 500 Quality ETF 0.53% 15,635 $1.1M Add +5.6%
SMH Vaneck Semiconductor ETF 0.53% 3,480 $1.1M No change
PM Philip Morris International 0.53% 6,979 $1.1M No change
PPLI People Inc. filed as IAC INC 0.52% 32,618 $1.1M Reduce -4.2%
AVGO Broadcom Inc. 0.52% 3,360 $1.1M Add +35.5%
IWB iShares Russell 1000 ETF 0.49% 2,895 $1.1M No change
VTI VG Morningstar TS MKT ETF-US 0.45% 2,949 $968K No change
BBU Brookfield Business PT-Unit 0.45% 29,567 $964K No change
IGM iShares Expanded Tech Sector 0.45% 7,595 $957K No change
ASML ASML Holding NV-NY Reg SHS 0.44% 980 $949K Add +8.3%
FBCG Fidelity Blue Chip Grow ETF 0.41% 16,495 $885K Add +1.9%
PYPL PayPal Holdings Inc. 0.40% 12,895 $865K Reduce -7.2%
ISRG Intuitive Surgical Inc. 0.40% 1,930 $863K New
VTR Ventas Inc. 0.40% 12,320 $862K No change
FHLC Fidelity MSCI Health Care 0.39% 12,532 $838K No change
V Visa Inc. Class A 0.39% 2,437 $832K No change
IVV iShares Core S&P 500 ETF 0.38% 1,211 $811K No change
GTLS Chart Industries Inc. 0.38% 4,035 $808K No change
NEE Nextera Energy Inc. 0.37% 10,390 $784K Add +4.3%
FCNCA First Citizens Bcshs Class A 0.36% 437 $782K Reduce -0.5%
BRK.A Berkshire Hathaway Inc. Class A 0.35% 1 $754K No change
FTEC Fidelity MSCI Info Tech Indx 0.32% 3,137 $697K No change
LRCX Lam Research Corp. 0.32% 5,100 $683K No change
PAVE Global X US Infrastructure 0.31% 13,970 $665K Add +0.7%
CRM Salesforce Inc. 0.31% 2,778 $658K Reduce -0.5%
ARGX Argenx SE - ADR 0.28% 827 $610K Add +1.2%
SPYG SS SPDR P S&P 500 Growth ETF 0.28% 5,730 $599K Add +0.2%
FDVV Fidelity High Dividend ETF 0.28% 10,745 $599K Add +11.7%
FNDA Schwab Fndmntl US SM Co. ETF 0.27% 18,790 $585K No change
GRPM Invesco S&P Midcap 400 Garp 0.27% 4,755 $574K No change
STNE Stoneco Ltd. Class A 0.26% 29,844 $564K Reduce -0.3%
DIVB iShares Core Dividend ETF 0.26% 10,735 $561K Reduce -0.8%
ENB Enbridge Inc. 0.24% 10,353 $522K No change
IWF iShares Russell 1000 Growth 0.24% 1,088 $510K No change
LMT Lockheed Martin Corp. 0.23% 980 $489K Add +3.7%
APD Air Products & Chemicals Inc. 0.22% 1,710 $466K Add +30.5%
FIGS Figs Inc. Class A 0.21% 68,050 $455K Reduce -8.0%
ADP Automatic Data Processing 0.20% 1,474 $433K Reduce -3.1%
VOO Vanguard S&P 500 ETF 0.19% 673 $412K No change
DGRO iShares Core Dividend Growth 0.18% 5,611 $382K Reduce -2.6%
QQQ Invesco QQQ Trust Series 1 0.18% 633 $380K Add +5.0%
ALAB Astera Labs Inc. 0.18% 1,935 $379K New
ALB Albemarle Corp. 0.17% 4,558 $370K Reduce -13.8%
GS Goldman Sachs Group Inc. 0.17% 461 $367K No change
AMD Advanced Micro Devices 0.15% 2,040 $330K No change
BIPC Brookfield Infrastructure-A 0.15% 7,622 $313K Reduce -3.2%
VRSK Verisk Analytics Inc. 0.15% 1,244 $313K No change
XP XP Inc. Class A 0.14% 16,053 $302K No change
ITOT iShares Core S&P Total U.S. 0.14% 2,012 $293K No change
VNQ Vanguard Real Estate ETF 0.13% 3,122 $285K No change
TY Tri-Continental Corp. 0.13% 8,300 $282K No change
PG The Procter & Gamble Co. 0.12% 1,716 $264K Reduce -2.8%
AVTR Avantor Inc. 0.12% 20,720 $259K Reduce -14.0%
RTX RTX Corp. 0.12% 1,514 $253K No change
VZ Verizon Communications Inc. 0.11% 5,429 $239K New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.11% 505 $234K No change
SHEL Shell PLC-ADR 0.11% 3,250 $232K Reduce -0.3%
FEZ State Street SPDR Euro Stoxx 0.11% 3,655 $227K Add +2.2%
IVW iShares S&P 500 Growth ETF 0.10% 1,853 $224K No change
MA Mastercard Inc. Class A 0.10% 389 $221K No change
MCD McDonald's Corp. 0.10% 725 $220K No change
STLD Steel Dynamics Inc. 0.10% 1,550 $216K New
IWD iShares Russell 1000 Value E 0.10% 1,055 $215K No change
RELX Relx PLC - Spon ADR 0.10% 4,325 $207K New
SO The Southern Co. 0.09% 2,135 $202K New
NEM Newmont Corp. 0.09% 2,390 $202K New
FNCL Fidelity MSCI Financial Indx 0.09% 2,635 $201K New

Portfolio Sells Q2 2025 → Q3 2025
GM General Motors Co. Sold out 0.00% −0.98
C Citigroup Inc. Sold out 0.00% −0.75
BSX Boston Scientific Corp. Reduce -0.5% 2.40% −0.49
SYK Stryker Corp. Reduce -0.7% 2.54% −0.44
META Meta Platforms Inc. Class A Reduce -0.7% 3.22% −0.32
RAL Ralliant Corp. Sold out 0.00% −0.22
SLG SL Green Realty Corp. Reduce -0.2% 1.66% −0.21
ABT Abbott Laboratories Reduce -0.6% 1.87% −0.21
UNP Union Pacific Corp. Reduce -14.3% 0.73% −0.17
FTV Fortive Corp. Reduce -5.6% 0.59% −0.13
PPLI People Inc. Reduce -4.2% 0.52% −0.13
PYPL PayPal Holdings Inc. Reduce -7.2% 0.40% −0.12
SPGI S&P Global Inc. Sold out 0.00% −0.12
DHR Danaher Corp. Reduce -0.3% 1.36% −0.12
BAM Brookfield Asset Mgmt-A Reduce -2.9% 1.00% −0.09
SCHW Schwab (charles) Corp. Reduce -0.1% 2.19% −0.09
CRM Salesforce Inc. Reduce -0.5% 0.31% −0.08
BIP Brookfield Infrastructure Pa Reduce -1.1% 0.63% −0.07
FCNCA First Citizens Bcshs Class A Reduce -0.5% 0.36% −0.07
PEP Pepsico Inc. Reduce -7.1% 0.69% −0.07
SLB SLB Ltd. Reduce -4.3% 0.57% −0.07
GEV GE Vernova Inc. Reduce -8.4% 2.80% −0.06
VIG Vanguard Dividend Apprec ETF Reduce -1.6% 1.22% −0.06
AVTR Avantor Inc. Reduce -14.0% 0.12% −0.04
ADP Automatic Data Processing Reduce -3.1% 0.20% −0.04
BIPC Brookfield Infrastructure-A Reduce -3.2% 0.15% −0.02
PG The Procter & Gamble Co. Reduce -2.8% 0.12% −0.02
MRVL Marvell Technology Inc. Reduce -1.2% 1.49% −0.02
DIVB iShares Core Dividend ETF Reduce -0.8% 0.26% −0.01
DGRO iShares Core Dividend Growth Reduce -2.6% 0.18% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.5% 0.93% −0.01
SHEL Shell PLC-ADR Reduce -0.3% 0.11% −0.01
FIGS Figs Inc. Class A Reduce -8.0% 0.21% +0.00
CVS CVS Health Corp. Reduce -0.3% 1.05% +0.00
ALB Albemarle Corp. Reduce -13.8% 0.17% +0.00
AVAV Aerovironment Inc. Reduce -0.9% 1.18% +0.01
HD Home Depot Inc. Reduce -0.6% 0.88% +0.01
BN Brookfield Corp. Reduce -0.5% 1.21% +0.02
STNE Stoneco Ltd. Class A Reduce -0.3% 0.26% +0.02
AMAT Applied Materials Inc. Reduce -1.1% 1.73% +0.03
BNT Brookfield Wealth Solutions Reduce -0.9% 3.41% +0.03
NVDA Nvidia Corp. Reduce -0.8% 0.71% +0.05
AAPL Apple Inc. Reduce -0.4% 2.42% +0.29
GE General Electric Reduce -0.6% 4.80% +0.31
GOOG Alphabet Inc. Class C Reduce -0.5% 1.95% +0.40
BABA Alibaba Group Holding-SP ADR Reduce -0.3% 2.16% +0.67
GOOGL Alphabet Inc. Class A Reduce -0.5% 3.73% +0.78

Portfolio Buys Q2 2025 → Q3 2025
PHR Phreesia Inc. New 0.83% +0.83
COF Capital One Financial Corp. New 0.69% +0.69
ISRG Intuitive Surgical Inc. New 0.40% +0.40
MSI Motorola Solutions Inc. Add +49.1% 0.90% +0.30
LHX L3HARRIS Technologies Inc. Add +6.5% 1.19% +0.19
ALAB Astera Labs Inc. New 0.18% +0.18
AVGO Broadcom Inc. Add +35.5% 0.52% +0.17
VZ Verizon Communications Inc. New 0.11% +0.11
STLD Steel Dynamics Inc. New 0.10% +0.10
RELX Relx PLC - Spon ADR New 0.10% +0.10
SO The Southern Co. New 0.09% +0.09
NEM Newmont Corp. New 0.09% +0.09
FNCL Fidelity MSCI Financial Indx New 0.09% +0.09
ASML ASML Holding NV-NY Reg SHS Add +8.3% 0.44% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +14.3% 0.90% +0.07
ARGX Argenx SE - ADR Add +1.2% 0.28% +0.06
APD Air Products & Chemicals Inc. Add +30.5% 0.22% +0.03
FDVV Fidelity High Dividend ETF Add +11.7% 0.28% +0.03
FBCG Fidelity Blue Chip Grow ETF Add +1.9% 0.41% +0.02
NEE Nextera Energy Inc. Add +4.3% 0.37% +0.01
QQQ Invesco QQQ Trust Series 1 Add +5.0% 0.18% +0.01
PLD Prologis Inc. Add +0.5% 1.01% +0.01
LMT Lockheed Martin Corp. Add +3.7% 0.23% +0.01
JPM JPMorgan Chase & Co. Add +0.1% 2.42% +0.01
PAVE Global X US Infrastructure Add +0.7% 0.31% +0.00
SPYG SS SPDR P S&P 500 Growth ETF Add +0.2% 0.28% +0.00
SPHQ Invesco S&P 500 Quality ETF Add +5.6% 0.53% −0.00
FEZ State Street SPDR Euro Stoxx Add +2.2% 0.11% −0.00
PANW Palo Alto Networks Inc. Add +8.8% 0.67% −0.00
CSL Carlisle Cos Inc. Add +22.6% 0.55% −0.00
BBUC Brookfield Business Class A Add +0.3% 0.86% −0.01
UBER Uber Technologies Inc. Add +0.7% 2.03% −0.06
CRWD CrowdStrike Holdings Inc. Class A Add +1.2% 0.56% −0.06
AMZN Amazon.com Inc. Add +1.8% 0.99% −0.07
BA The Boeing Co. Add +0.4% 1.48% −0.08
ETN Eaton Corp. PLC Add +0.2% 2.40% −0.08
QCOM Qualcomm Inc. Add +0.0% 2.07% −0.08
GEHC GE Healthcare Technology Add +0.8% 1.37% −0.09
MSFT Microsoft Corp. Add +1.6% 5.87% −0.16
ELV Elevance Health Inc. Add +7.6% 1.22% −0.26

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