TCTC Holdings, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), TCTC Holdings, LLC reported 613 stock positions worth $3.4 billion. Its top holding was HF Sinclair (DINO) at 19.2% of the portfolio, followed by Microsoft (MSFT, 5.2%) and JPMorgan Chase (JPM, 3.6%). Compared with Q2 2025, it opened 8 new positions, sold out of 43, added to 38 and reduced 127. The biggest buy was Oneok (OKE, shares +447%) and the biggest sale Waste Management (WM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001483870
- Portfolio Value
- $3.4B (Q3 2025)
- SEC Filing
- 0001483870-25-000008 ↗ filed Nov 7, 2025
Holdings Value
Holdings 613 stocks · $3.4B
| DINO HF Sinclair Corp. | 19.15% | 12,331,578 | $645.4M | Reduce 0.0% |
| MSFT Microsoft Corp. | 5.16% | 336,080 | $174.1M | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 3.62% | 386,864 | $122.0M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.50% | 234,734 | $118.0M | Reduce -0.1% |
| WM Waste Management Inc. | 2.98% | 455,515 | $100.6M | Reduce -0.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.96% | 353,864 | $99.8M | Add +0.0% |
| AFL Aflac Inc. | 2.68% | 809,794 | $90.5M | Reduce -0.2% |
| UBER Uber Technologies Inc. | 2.48% | 852,859 | $83.6M | Add +0.2% |
| AAPL Apple Inc. | 2.43% | 320,993 | $81.7M | Reduce -0.7% |
| CB Chubb Ltd. | 2.03% | 241,978 | $68.3M | Reduce -0.5% |
| GOOG Alphabet Inc. Class C | 2.01% | 278,425 | $67.8M | Reduce -1.4% |
| LIN Linde PLC | 1.81% | 128,152 | $60.9M | Reduce -0.1% |
| WMB Williams Cos Inc. | 1.68% | 894,400 | $56.7M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.66% | 1,086,534 | $56.1M | Reduce -0.4% |
| NVS Novartis AG-Sponsored ADR | 1.49% | 391,436 | $50.2M | Reduce -0.1% |
| IWM iShares Russell 2000 ETF | 1.46% | 202,932 | $49.1M | Add +0.3% |
| QCOM Qualcomm Inc. | 1.32% | 266,425 | $44.3M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 1.28% | 197,236 | $43.3M | Reduce -0.3% |
| AON Aon PLC Class A | 1.27% | 120,061 | $42.8M | No change |
| ORI Old Republic Intl Corp. | 1.24% | 984,629 | $41.8M | Reduce -0.6% |
| RNR Renaissancere Holdings Ltd. | 1.13% | 150,000 | $38.1M | No change |
| PFE Pfizer Inc. | 0.95% | 1,253,887 | $31.9M | Reduce -4.2% |
| ABBV Abbvie Inc. | 0.93% | 135,184 | $31.3M | Reduce -2.0% |
| UNH Unitedhealth Group Inc. | 0.90% | 87,829 | $30.3M | Add +6.1% |
| CRM Salesforce Inc. | 0.90% | 127,521 | $30.2M | Reduce -0.3% |
| LOW Lowe's Cos Inc. | 0.89% | 119,141 | $29.9M | Reduce -0.3% |
| FCX Freeport-McMoran Inc. | 0.88% | 754,316 | $29.6M | Add +2.4% |
| PM Philip Morris International | 0.85% | 176,634 | $28.7M | Reduce -0.1% |
| PSX Phillips 66 | 0.84% | 208,720 | $28.4M | Reduce -1.2% |
| PEP Pepsico Inc. | 0.83% | 199,893 | $28.1M | Reduce -1.8% |
| CVS CVS Health Corp. | 0.83% | 369,527 | $27.9M | Reduce -0.7% |
| CFR Cullen/Frost Bankers Inc. | 0.82% | 218,220 | $27.7M | Reduce -5.2% |
| WMT Walmart Inc. | 0.81% | 265,646 | $27.4M | Reduce -1.8% |
| NEE Nextera Energy Inc. | 0.78% | 350,053 | $26.4M | Reduce -1.1% |
| NVDA Nvidia Corp. | 0.75% | 135,037 | $25.2M | Add +0.3% |
| LVS Las Vegas Sands Corp. | 0.73% | 458,294 | $24.7M | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 0.73% | 358,574 | $24.5M | Reduce -1.4% |
| MO Altria Group Inc. | 0.70% | 357,279 | $23.6M | No change |
| COP Conocophillips | 0.67% | 237,981 | $22.5M | Add +1.2% |
| EG Everest Group Ltd. | 0.63% | 61,085 | $21.4M | No change |
| RTX RTX Corp. | 0.58% | 115,995 | $19.4M | Reduce -0.9% |
| OXY Occidental Petroleum Corp. | 0.57% | 403,340 | $19.1M | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.54% | 60,069 | $18.1M | No change |
| BMY Bristol-Myers Squibb Co. | 0.52% | 389,058 | $17.5M | Reduce -2.4% |
| MPC Marathon Petroleum Corp. | 0.51% | 90,001 | $17.3M | Reduce -2.3% |
| ACA Arcosa Inc. | 0.51% | 183,405 | $17.2M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.51% | 203,063 | $17.0M | Add +0.1% |
| SCHW Schwab (charles) Corp. | 0.50% | 175,775 | $16.8M | Add +0.3% |
| CMCSA Comcast Corp. Class A | 0.48% | 520,300 | $16.3M | Reduce -2.4% |
| MMM 3M Co. | 0.48% | 104,630 | $16.2M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 24,193 | $16.1M | Add +0.8% |
| INTC Intel Corp. | 0.48% | 480,224 | $16.1M | Reduce -1.0% |
| VZ Verizon Communications Inc. | 0.48% | 366,010 | $16.1M | Add +3.1% |
| CBRE CBRE Group Inc. Class A | 0.46% | 98,871 | $15.6M | No change |
| GOOGL Alphabet Inc. Class A | 0.45% | 62,995 | $15.3M | Reduce -1.5% |
| TRN Trinity Industries Inc. | 0.42% | 505,498 | $14.2M | Reduce -1.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.42% | 264,219 | $14.0M | Reduce -0.2% |
| EMR Emerson Electric Co. | 0.41% | 106,265 | $13.9M | Reduce -1.5% |
| EFA iShares MSCI Eafe ETF | 0.40% | 145,139 | $13.6M | Reduce -0.6% |
| ADI Analog Devices Inc. | 0.40% | 54,984 | $13.5M | Reduce -0.2% |
| TXN Texas Instruments Inc. | 0.37% | 68,695 | $12.6M | Reduce -0.7% |
| MDLZ Mondelez International Inc. Class A | 0.37% | 201,876 | $12.6M | Reduce -0.4% |
| ABT Abbott Laboratories | 0.37% | 92,595 | $12.4M | Reduce -6.3% |
| JNJ Johnson & Johnson | 0.33% | 59,118 | $11.0M | Reduce -3.5% |
| PG The Procter & Gamble Co. | 0.31% | 68,424 | $10.5M | Reduce -0.8% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 88,130 | $10.5M | Add +4.6% |
| EEM iShares MSCI Emerging Market | 0.30% | 191,127 | $10.2M | Add +2.5% |
| V Visa Inc. Class A | 0.30% | 29,617 | $10.1M | Add +0.6% |
| ADP Automatic Data Processing | 0.29% | 33,646 | $9.9M | Reduce -3.5% |
| SO The Southern Co. | 0.29% | 101,841 | $9.7M | Reduce -4.7% |
| AMGN Amgen Inc. | 0.28% | 33,540 | $9.5M | Reduce -1.3% |
| GEV GE Vernova Inc. | 0.27% | 14,948 | $9.2M | No change |
| CVX Chevron Corp. | 0.24% | 51,375 | $8.0M | Reduce -2.0% |
| MAIN Main Street Capital Corp. | 0.23% | 123,791 | $7.9M | Add +1.1% |
| GLD SPDR Gold Shares | 0.23% | 21,907 | $7.8M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 0.22% | 67,097 | $7.6M | Reduce -0.5% |
| SYK Stryker Corp. | 0.22% | 20,349 | $7.5M | Reduce -0.1% |
| BX Blackstone Inc. | 0.21% | 41,397 | $7.1M | Reduce -3.0% |
| IJH iShares Core S&P Midcap ETF | 0.21% | 107,709 | $7.0M | Add +6.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.20% | 65,045 | $6.7M | Add +11.6% |
| EBAY eBay Inc. | 0.20% | 72,279 | $6.6M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.19% | 96,582 | $6.4M | Reduce -10.1% |
| IVV iShares Core S&P 500 ETF | 0.19% | 9,445 | $6.3M | Reduce -6.7% |
| PYPL PayPal Holdings Inc. | 0.18% | 90,868 | $6.1M | Reduce -6.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 53,015 | $6.1M | Add +0.1% |
| ZTS Zoetis Inc. | 0.17% | 40,016 | $5.9M | Reduce -1.7% |
| ADBE Adobe Inc. | 0.17% | 16,107 | $5.7M | Reduce -0.2% |
| ALC Alcon Inc. filed as ALCON AG | 0.16% | 74,416 | $5.5M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.16% | 19,715 | $5.5M | Reduce -5.3% |
| COST Costco Wholesale Corp. | 0.15% | 5,452 | $5.0M | Reduce -10.4% |
| AXP American Express Co. | 0.14% | 14,168 | $4.7M | Reduce -0.1% |
| COF Capital One Financial Corp. | 0.13% | 21,149 | $4.5M | No change |
| OKE Oneok Inc. | 0.12% | 56,307 | $4.1M | Add +447.4% |
| DEO Diageo PLC-Sponsored ADR | 0.12% | 41,488 | $4.0M | Reduce -1.2% |
| UPS United Parcel Service Class B | 0.11% | 46,117 | $3.9M | Reduce -1.6% |
| MDT Medtronic PLC | 0.11% | 40,083 | $3.8M | Add +13.8% |
| BSV Vanguard Short-Term Bond ETF | 0.11% | 47,755 | $3.8M | No change |
| LLY Eli Lilly & Co. | 0.11% | 4,799 | $3.7M | Add +73.3% |
| XLF SS Financial Select Sector | 0.10% | 65,154 | $3.5M | No change |
| GD General Dynamics Corp. | 0.10% | 10,242 | $3.5M | Reduce -1.2% |
Portfolio Sells Q2 2025 → Q3 2025
| WM Waste Management Inc. | Reduce -0.0% | 2.98% | −0.37 |
| MSFT Microsoft Corp. | Reduce -0.7% | 5.16% | −0.25 |
| CB Chubb Ltd. | Reduce -0.5% | 2.03% | −0.24 |
| CRM Salesforce Inc. | Reduce -0.3% | 0.90% | −0.22 |
| PM Philip Morris International | Reduce -0.1% | 0.85% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 3.50% | −0.17 |
| CFR Cullen/Frost Bankers Inc. | Reduce -5.2% | 0.82% | −0.13 |
| WMB Williams Cos Inc. | Reduce -0.3% | 1.68% | −0.13 |
| LIN Linde PLC | Reduce -0.1% | 1.81% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -2.4% | 0.48% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 1.28% | −0.11 |
| TXN Texas Instruments Inc. | Reduce -0.7% | 0.37% | −0.09 |
| CSCO Cisco Systems Inc. | Reduce -1.4% | 0.73% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.4% | 0.52% | −0.07 |
| PFE Pfizer Inc. | Reduce -4.2% | 0.95% | −0.07 |
| AFL Aflac Inc. | Reduce -0.2% | 2.68% | −0.07 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.4% | 0.37% | −0.07 |
| ABT Abbott Laboratories | Reduce -6.3% | 0.37% | −0.06 |
| KO The Coca-Cola Co. | Reduce -10.1% | 0.19% | −0.05 |
| ADP Automatic Data Processing | Reduce -3.5% | 0.29% | −0.05 |
| PYPL PayPal Holdings Inc. | Reduce -6.8% | 0.18% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -0.1% | 1.32% | −0.05 |
| EMR Emerson Electric Co. | Reduce -1.5% | 0.41% | −0.05 |
| ALC Alcon Inc. | Reduce -0.2% | 0.16% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -10.4% | 0.15% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.8% | 0.31% | −0.04 |
| WMT Walmart Inc. | Reduce -1.8% | 0.81% | −0.04 |
| UPS United Parcel Service Class B | Reduce -1.6% | 0.11% | −0.04 |
| SYK Stryker Corp. | Reduce -0.1% | 0.22% | −0.04 |
| KD Kyndryl Holdings Inc. | Reduce -0.1% | 0.07% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.1% | 1.49% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.2% | 0.42% | −0.03 |
| ADBE Adobe Inc. | Reduce -0.2% | 0.17% | −0.03 |
| PEP Pepsico Inc. | Reduce -1.8% | 0.83% | −0.03 |
| ZTS Zoetis Inc. | Reduce -1.7% | 0.17% | −0.03 |
| SO The Southern Co. | Reduce -4.7% | 0.29% | −0.03 |
| TGT Target Corp. | Reduce -9.0% | 0.09% | −0.03 |
| AMGN Amgen Inc. | Reduce -1.3% | 0.28% | −0.02 |
| TRN Trinity Industries Inc. | Reduce -1.1% | 0.42% | −0.02 |
| ADI Analog Devices Inc. | Reduce -0.2% | 0.40% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.2% | 0.12% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.6% | 0.40% | −0.02 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.02 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.02 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -80.0% | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -6.7% | 0.19% | −0.01 |
| SSB Southstate Bank Corp. | Reduce -80.0% | 0.00% | −0.01 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -20.8% | 0.04% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -9.8% | 0.03% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| OKE Oneok Inc. | Add +447.4% | 0.12% | +0.09 |
| UNH Unitedhealth Group Inc. | Add +6.1% | 0.90% | +0.07 |
| NVDA Nvidia Corp. | Add +0.3% | 0.75% | +0.06 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 1.46% | +0.05 |
| LLY Eli Lilly & Co. | Add +73.3% | 0.11% | +0.04 |
| TROW T Rowe Price Group Inc. | Add +11.6% | 0.20% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +4.6% | 0.31% | +0.01 |
| MDT Medtronic PLC | Add +13.8% | 0.11% | +0.01 |
| EEM iShares MSCI Emerging Market | Add +2.5% | 0.30% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.01% | +0.01 |
| BA The Boeing Co. | Add +20.6% | 0.07% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +630.7% | 0.01% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +6.8% | 0.21% | +0.01 |
| PFF iShares Preferred & Income S | Add +13.4% | 0.08% | +0.01 |
| DBRG Digitalbridge Group Inc. | Add +4.1% | 0.06% | +0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +73.8% | 0.01% | +0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +465.9% | 0.00% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 0.48% | +0.00 |
| BND Vanguard Total Bond Market | New | 0.00% | +0.00 |
| MAIN Main Street Capital Corp. | Add +1.1% | 0.23% | +0.00 |
| UNP Union Pacific Corp. | Add +8.5% | 0.03% | +0.00 |
| MBB iShares MBS ETF | New | 0.00% | +0.00 |
| JPC Nuveen Prefered & Income Opp | New | 0.00% | +0.00 |
| BBJP JPMorgan Betabuilders Japan | Add +14.2% | 0.00% | +0.00 |
| VCIT Vanguard Int-Term Corporate | New | 0.00% | +0.00 |
| ENTG Entegris Inc. | Add +0.1% | 0.00% | +0.00 |
| IEF iShares 7-10 Year Treasury B | New | 0.00% | +0.00 |
| BBCA JPMorgan Betabuilders Canada | Add +30.9% | 0.00% | +0.00 |
| BBAX JPMorgan Betabuilders Develo | New | 0.00% | +0.00 |
| PSKY Paramount Skydance Class B | New | 0.00% | +0.00 |
| BF.B Brown-Forman Corp. Class B | Add +0.8% | 0.00% | −0.00 |
| SHW The Sherwin-Williams Co. | Add +0.4% | 0.00% | −0.00 |
| FENI Fidelity Enhanced Intl ETF | Add +0.5% | 0.02% | −0.00 |
| GGG Graco Inc. | Add +0.3% | 0.01% | −0.00 |
| SLB SLB Ltd. | Add +0.3% | 0.03% | −0.00 |
| DHR Danaher Corp. | Add +0.7% | 0.04% | −0.00 |
| PGR Progressive Corp. | Add +1.9% | 0.06% | −0.01 |
| COP Conocophillips | Add +1.2% | 0.67% | −0.01 |
| MRK Merck & Co. Inc. | Add +0.1% | 0.51% | −0.01 |
| SCHW Schwab (charles) Corp. | Add +0.3% | 0.50% | −0.02 |
| VZ Verizon Communications Inc. | Add +3.1% | 0.48% | −0.02 |
| DIS The Walt Disney Co. | Add +0.1% | 0.18% | −0.03 |
| V Visa Inc. Class A | Add +0.6% | 0.30% | −0.04 |
| UBER Uber Technologies Inc. | Add +0.2% | 2.48% | −0.07 |
| FCX Freeport-McMoran Inc. | Add +2.4% | 0.88% | −0.15 |
| IBM Intl Business Machines Corp. | Add +0.0% | 2.96% | −0.39 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 240 | $3.8B | DINO, MSFT, JPM, BRK.B, WM |
| Q1 2026 | 220 | $3.5B | DINO, MSFT, JPM, BRK.B, WM |
| Q4 2025 | 616 | $3.3B | DINO, MSFT, JPM, BRK.B, IBM |
| Q3 2025 | 613 | $3.4B | DINO, MSFT, JPM, BRK.B, WM |
| Q2 2025 | 647 | $3.1B | DINO, MSFT, BRK.B, JPM, IBM |
| Q1 2025 | 684 | $2.8B | DINO, MSFT, BRK.B, WM, JPM |
| Q4 2024 | 715 | $2.8B | DINO, MSFT, BRK.B, JPM, WM |
| Q3 2024 | 527 | $3.0B | DINO, MSFT, BRK.B, WM, AFL |
| Q2 2024 | 538 | $2.9B | DINO, MSFT, WM, BRK.B, JPM |
| Q1 2024 | 537 | $3.0B | DINO, MSFT, BRK.B, WM, JPM |