Tealwood Asset Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), Tealwood Asset Management Inc. reported 128 stock positions worth $220.7 million. Its top holding was Outdoor (POWW) at 4.2% of the portfolio, followed by Merck (MRK, 2.1%) and Meta Platforms Class A (META, 1.8%). Compared with Q4 2023, it opened 7 new positions, sold out of 5, added to 53 and reduced 57. The biggest buy was a new position in WR Berkley (WRB) and the biggest sale an exit from Kimberly-Clark (KMB).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001164062
- Portfolio Value
- $220.7M (Q1 2024)
- SEC Filing
- 0001580642-24-002125 ↗ filed Apr 11, 2024
Holdings Value
Holdings 128 stocks · $220.7M
| POWW Outdoor Holding Co. filed as AMMO INC | 4.25% | 3,410,000 | $9.4M | No change |
| MRK Merck & Co. Inc. | 2.06% | 34,463 | $4.5M | Add +0.5% |
| META Meta Platforms Inc. Class A | 1.80% | 8,168 | $4.0M | Reduce -16.2% |
| AVGO Broadcom Inc. | 1.52% | 2,537 | $3.4M | Reduce -1.1% |
| NTAP Netapp Inc. | 1.46% | 30,609 | $3.2M | Reduce -0.3% |
| ABBV Abbvie Inc. | 1.38% | 16,685 | $3.0M | Add +0.6% |
| DLR Digital Realty Trust Inc. | 1.36% | 20,788 | $3.0M | Reduce -0.2% |
| USB US Bancorp | 1.27% | 62,562 | $2.8M | Add +0.0% |
| STX Seagate Technology Holdings | 1.22% | 28,990 | $2.7M | Reduce -24.4% |
| LMT Lockheed Martin Corp. | 1.21% | 5,863 | $2.7M | Add +0.9% |
| CMI Cummins Inc. | 1.21% | 9,044 | $2.7M | Add +0.0% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.18% | 34,378 | $2.6M | Reduce -2.2% |
| ETN Eaton Corp. PLC | 1.18% | 8,311 | $2.6M | Reduce -0.9% |
| AZN Astrazeneca PLC-Spons ADR | 1.17% | 38,140 | $2.6M | Add +0.9% |
| MSFT Microsoft Corp. | 1.14% | 6,004 | $2.5M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 1.13% | 5,041 | $2.5M | Add +1.1% |
| BX Blackstone Inc. | 1.13% | 18,973 | $2.5M | Reduce -30.9% |
| JNJ Johnson & Johnson | 1.12% | 15,634 | $2.5M | Add +1.0% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.10% | 27,459 | $2.4M | New |
| UNP Union Pacific Corp. | 1.10% | 9,873 | $2.4M | Add +0.8% |
| HD Home Depot Inc. | 1.10% | 6,314 | $2.4M | Add +0.8% |
| APO Apollo Global Management Inc. | 1.08% | 21,212 | $2.4M | Reduce -23.6% |
| ADP Automatic Data Processing | 1.08% | 9,507 | $2.4M | Add +1.2% |
| NVS Novartis AG-Sponsored ADR | 1.07% | 24,449 | $2.4M | Add +0.5% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 1.06% | 47,603 | $2.3M | New |
| CSCO Cisco Systems Inc. | 1.06% | 46,852 | $2.3M | Add +0.9% |
| CCOI Cogent Communications Holdin | 1.06% | 35,684 | $2.3M | Reduce -0.1% |
| GEN Gen Digital Inc. | 1.06% | 103,989 | $2.3M | Reduce -1.4% |
| GRMN Garmin Ltd. | 1.05% | 15,605 | $2.3M | Reduce -24.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 5,449 | $2.3M | No change |
| PH Parker Hannifin Corp. | 1.03% | 4,109 | $2.3M | Reduce -0.2% |
| AMD Advanced Micro Devices | 1.03% | 12,596 | $2.3M | Reduce -0.3% |
| MCD McDonald's Corp. | 1.03% | 8,051 | $2.3M | Add +0.8% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 1.00% | 2,178 | $2.2M | No change |
| AMAT Applied Materials Inc. | 0.98% | 10,493 | $2.2M | Reduce -0.5% |
| STT State Street Corp. | 0.97% | 27,783 | $2.1M | Add +5.6% |
| LRCX Lam Research Corp. | 0.97% | 2,199 | $2.1M | Reduce -0.8% |
| TXN Texas Instruments Inc. | 0.95% | 11,981 | $2.1M | Add +2.0% |
| PANW Palo Alto Networks Inc. | 0.94% | 7,308 | $2.1M | Reduce -0.1% |
| MRSH Marsh & McLennan Cos | 0.90% | 9,665 | $2.0M | Reduce -0.1% |
| ADBE Adobe Inc. | 0.86% | 3,749 | $1.9M | Reduce -0.3% |
| MDT Medtronic PLC | 0.85% | 21,407 | $1.9M | Add +0.6% |
| AAPL Apple Inc. | 0.84% | 10,869 | $1.9M | Reduce -5.8% |
| UPS United Parcel Service Class B | 0.84% | 12,537 | $1.9M | Add +1.7% |
| MOH Molina Healthcare Inc. | 0.84% | 4,527 | $1.9M | Add +2.3% |
| SCHW Schwab (charles) Corp. | 0.83% | 25,467 | $1.8M | Reduce -0.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.83% | 4,379 | $1.8M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.83% | 12,079 | $1.8M | Add +0.4% |
| HALO Halozyme Therapeutics Inc. | 0.82% | 44,536 | $1.8M | Reduce -0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.82% | 14,077 | $1.8M | Reduce -37.1% |
| ICLR Icon PLC | 0.81% | 5,315 | $1.8M | Reduce -2.0% |
| FTNT Fortinet Inc. | 0.78% | 25,330 | $1.7M | Add +27.8% |
| SHW The Sherwin-Williams Co. | 0.77% | 4,913 | $1.7M | Add +0.7% |
| AZO AutoZone Inc. | 0.77% | 540 | $1.7M | Add +0.4% |
| QCOM Qualcomm Inc. | 0.76% | 9,899 | $1.7M | Add +0.6% |
| PTC PTC Inc. | 0.76% | 8,853 | $1.7M | Reduce -2.5% |
| MNST Monster Beverage Corp. | 0.76% | 28,181 | $1.7M | Add +0.1% |
| REGN Regeneron Pharmaceuticals | 0.75% | 1,731 | $1.7M | Reduce -1.0% |
| NBIX Neurocrine Biosciences Inc. | 0.75% | 12,008 | $1.7M | Reduce -2.0% |
| V Visa Inc. Class A | 0.75% | 5,916 | $1.7M | Add +0.6% |
| ROST Ross Stores Inc. | 0.74% | 11,143 | $1.6M | Add +1.1% |
| TTWO Take-Two Interactive Softwre | 0.73% | 10,886 | $1.6M | Add +0.1% |
| CRM Salesforce Inc. | 0.73% | 5,343 | $1.6M | New |
| CVLT Commvault Systems Inc. | 0.72% | 15,575 | $1.6M | Reduce -2.4% |
| RTX RTX Corp. | 0.71% | 16,134 | $1.6M | Add +1.4% |
| CFG Citizens Financial Group | 0.71% | 42,894 | $1.6M | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 0.70% | 22,182 | $1.6M | Add +0.4% |
| ICE Intercontinental Exchange Inc. | 0.70% | 11,281 | $1.6M | Add +1.3% |
| AWI Armstrong World Industries | 0.70% | 12,388 | $1.5M | Reduce -1.4% |
| DECK Deckers Outdoor Corp. | 0.69% | 1,625 | $1.5M | Reduce -26.9% |
| AMGN Amgen Inc. | 0.68% | 5,277 | $1.5M | Add +1.2% |
| SPGI S&P Global Inc. | 0.68% | 3,519 | $1.5M | Add +0.6% |
| HUM Humana Inc. | 0.66% | 4,225 | $1.5M | Add +39.1% |
| SIMO Silicon Motion Technol-ADR | 0.66% | 18,908 | $1.5M | Reduce -1.4% |
| TMO Thermo Fisher Scientific Inc. | 0.66% | 2,493 | $1.4M | Add +1.5% |
| WFC Wells Fargo & Co. | 0.65% | 24,730 | $1.4M | No change |
| MAS Masco Corp. | 0.64% | 17,990 | $1.4M | Reduce -1.1% |
| BLK BlackRock Finance Inc. | 0.64% | 1,693 | $1.4M | Add +1.4% |
| EXEL Exelixis Inc. | 0.64% | 59,466 | $1.4M | Reduce -1.4% |
| NMIH Nmi Holdings Inc. filed as NMI HLDGS INC | 0.64% | 43,497 | $1.4M | Reduce -1.6% |
| MLI Mueller Industries Inc. | 0.64% | 26,008 | $1.4M | Reduce -1.3% |
| ABT Abbott Laboratories | 0.62% | 12,129 | $1.4M | Reduce -19.6% |
| BOX Box Inc. Class A | 0.61% | 47,763 | $1.4M | Reduce -1.5% |
| KEYS Keysight Technologies Inc. | 0.61% | 8,644 | $1.4M | Add +1.6% |
| LOGI Logitech International-Reg | 0.60% | 14,862 | $1.3M | Reduce -2.1% |
| CROX Crocs Inc. | 0.60% | 9,186 | $1.3M | Reduce -0.8% |
| BKNG Booking Holdings Inc. | 0.59% | 360 | $1.3M | Add +2.3% |
| CPAY Corpay Inc. | 0.58% | 4,182 | $1.3M | Reduce -0.3% |
| SYY Sysco Corp. | 0.58% | 15,816 | $1.3M | Add +1.8% |
| GTLS Chart Industries Inc. | 0.57% | 7,702 | $1.3M | Reduce -1.8% |
| EA Electronic Arts Inc. | 0.57% | 9,426 | $1.3M | Add +1.3% |
| CACI Caci International Inc. Class A | 0.56% | 3,283 | $1.2M | Reduce -0.9% |
| HOLX Hologic Inc. | 0.56% | 15,882 | $1.2M | Add +2.1% |
| ON On Semiconductor | 0.56% | 16,829 | $1.2M | Add +1.6% |
| CASH Pathward Financial Inc. | 0.55% | 24,198 | $1.2M | Reduce -1.1% |
| SBUX Starbucks Corp. | 0.55% | 13,374 | $1.2M | Add +2.2% |
| NDAQ Nasdaq Inc. | 0.54% | 18,879 | $1.2M | Reduce -1.6% |
| FFIV F5 Inc. | 0.52% | 6,094 | $1.2M | Reduce -1.1% |
| GNTX Gentex Corp. | 0.52% | 31,603 | $1.1M | Reduce -0.7% |
| CHRD Chord Energy Corp. | 0.52% | 6,394 | $1.1M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 1,435,000 | $1.4M | Reduce -0.7% |
Total filed on the 13F, all lines: $222.1M.
Portfolio Sells Q4 2023 → Q1 2024
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.94 |
| BX Blackstone Inc. | Reduce -30.9% | 1.13% | −0.63 |
| TNET Trinet Group Inc. | Sold out | 0.00% | −0.49 |
| STX Seagate Technology Holdings | Reduce -24.4% | 1.22% | −0.38 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -37.1% | 0.82% | −0.31 |
| VRRM Verra Mobility Corp. | Reduce -37.4% | 0.50% | −0.29 |
| CCOI Cogent Communications Holdin | Reduce -0.1% | 1.06% | −0.27 |
| GRMN Garmin Ltd. | Reduce -24.6% | 1.05% | −0.25 |
| AAPL Apple Inc. | Reduce -5.8% | 0.84% | −0.24 |
| ADBE Adobe Inc. | Reduce -0.3% | 0.86% | −0.24 |
| IRDM Iridium Communications Inc. | Reduce -0.6% | 0.30% | −0.22 |
| ABT Abbott Laboratories | Reduce -19.6% | 0.62% | −0.19 |
| APO Apollo Global Management Inc. | Reduce -23.6% | 1.08% | −0.19 |
| SHLS Shoals Technologies Group -A | Reduce -0.2% | 0.36% | −0.18 |
| GEN Gen Digital Inc. | Reduce -1.4% | 1.06% | −0.12 |
| PANW Palo Alto Networks Inc. | Reduce -0.1% | 0.94% | −0.11 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.11 |
| LOGI Logitech International-Reg | Reduce -2.1% | 0.60% | −0.11 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -1.8% | 0.48% | −0.10 |
| PCYO Pure Cycle Corp. | Reduce -0.9% | 0.51% | −0.10 |
| MDB Mongodb Inc. | Sold out | 0.00% | −0.10 |
| INCY Incyte Corp. | Reduce -0.8% | 0.45% | −0.09 |
| TFX Teleflex Inc. | Reduce -0.9% | 0.45% | −0.09 |
| CASH Pathward Financial Inc. | Reduce -1.1% | 0.55% | −0.08 |
| EXEL Exelixis Inc. | Reduce -1.4% | 0.64% | −0.07 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.07 |
| NBIX Neurocrine Biosciences Inc. | Reduce -2.0% | 0.75% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -26.9% | 0.69% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 0.83% | −0.02 |
| TER Teradyne Inc. | Reduce -0.7% | 0.48% | −0.02 |
| PTC PTC Inc. | Reduce -2.5% | 0.76% | −0.02 |
| FFIV F5 Inc. | Reduce -1.1% | 0.52% | −0.02 |
| DLR Digital Realty Trust Inc. | Reduce -0.2% | 1.36% | −0.02 |
| COO The Cooper Cos Inc. | Reduce -0.8% | 0.51% | −0.01 |
| NDAQ Nasdaq Inc. | Reduce -1.6% | 0.54% | −0.01 |
| NMIH Nmi Holdings Inc. | Reduce -1.6% | 0.64% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -1.0% | 0.75% | +0.00 |
| CPAY Corpay Inc. | Reduce -0.3% | 0.58% | +0.00 |
| MRSH Marsh & McLennan Cos | Reduce -0.1% | 0.90% | +0.00 |
| BOX Box Inc. Class A | Reduce -1.5% | 0.61% | +0.01 |
| GNTX Gentex Corp. | Reduce -0.7% | 0.52% | +0.01 |
| HALO Halozyme Therapeutics Inc. | Reduce -0.2% | 0.82% | +0.01 |
| MLI Mueller Industries Inc. | Reduce -1.3% | 0.64% | +0.03 |
| MSFT Microsoft Corp. | Reduce -0.8% | 1.14% | +0.03 |
| BJ Bj's Wholesale Club Holdings | Reduce -2.2% | 1.18% | +0.03 |
| CACI Caci International Inc. Class A | Reduce -0.9% | 0.56% | +0.04 |
| MAS Masco Corp. | Reduce -1.1% | 0.64% | +0.05 |
| GTLS Chart Industries Inc. | Reduce -1.8% | 0.57% | +0.05 |
| RCM R1 RCM Inc. | Reduce -0.9% | 0.51% | +0.05 |
| ICLR Icon PLC | Reduce -2.0% | 0.81% | +0.06 |
Portfolio Buys Q4 2023 → Q1 2024
| WRB WR Berkley Corp. | New | 1.10% | +1.10 |
| HRB H&R Block Inc. | New | 1.06% | +1.06 |
| CRM Salesforce Inc. | New | 0.73% | +0.73 |
| CHRD Chord Energy Corp. | New | 0.52% | +0.52 |
| GMED Globus Medical Inc. Class A | New | 0.46% | +0.46 |
| MRK Merck & Co. Inc. | Add +0.5% | 2.06% | +0.23 |
| FTNT Fortinet Inc. | Add +27.8% | 0.78% | +0.22 |
| GOGO Gogo Inc. | Add +95.6% | 0.49% | +0.18 |
| CMI Cummins Inc. | Add +0.0% | 1.21% | +0.15 |
| ABBV Abbvie Inc. | Add +0.6% | 1.38% | +0.12 |
| AZO AutoZone Inc. | Add +0.4% | 0.77% | +0.09 |
| QCOM Qualcomm Inc. | Add +0.6% | 0.76% | +0.06 |
| MOH Molina Healthcare Inc. | Add +2.3% | 0.84% | +0.06 |
| LUNR Intuitive Machines Inc. | New | 0.06% | +0.06 |
| RTX RTX Corp. | Add +1.4% | 0.71% | +0.06 |
| HD Home Depot Inc. | Add +0.8% | 1.10% | +0.04 |
| SHW The Sherwin-Williams Co. | Add +0.7% | 0.77% | +0.03 |
| SYY Sysco Corp. | Add +1.8% | 0.58% | +0.03 |
| TMO Thermo Fisher Scientific Inc. | Add +1.5% | 0.66% | +0.02 |
| HOLX Hologic Inc. | Add +2.1% | 0.56% | +0.02 |
| ZBRA Zebra Technologies Corp. Class A | Add +0.4% | 0.50% | +0.01 |
| CFG Citizens Financial Group | Add +0.3% | 0.71% | +0.01 |
| SHARPLINK GAMING INC | New | 0.01% | +0.01 |
| ADP Automatic Data Processing | Add +1.2% | 1.08% | +0.00 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.83% | +0.00 |
| ICE Intercontinental Exchange Inc. | Add +1.3% | 0.70% | +0.00 |
| V Visa Inc. Class A | Add +0.6% | 0.75% | −0.00 |
| TDC Teradata Corp. | Add +21.1% | 0.44% | −0.00 |
| ROST Ross Stores Inc. | Add +1.1% | 0.74% | −0.01 |
| T AT&T Inc. | Add +0.0% | 0.27% | −0.01 |
| AEE Ameren Corporation | Add +3.3% | 0.46% | −0.01 |
| MDT Medtronic PLC | Add +0.6% | 0.85% | −0.01 |
| HUM Humana Inc. | Add +39.1% | 0.66% | −0.02 |
| BKNG Booking Holdings Inc. | Add +2.3% | 0.59% | −0.02 |
| G Genpact Ltd. | Add +8.0% | 0.37% | −0.02 |
| XIFR XPLR Infrastructure LP | Add +0.8% | 0.29% | −0.02 |
| BLK BlackRock Finance Inc. | Add +1.4% | 0.64% | −0.02 |
| STT State Street Corp. | Add +5.6% | 0.97% | −0.02 |
| TXN Texas Instruments Inc. | Add +2.0% | 0.95% | −0.03 |
| MNST Monster Beverage Corp. | Add +0.1% | 0.76% | −0.04 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.1% | 0.83% | −0.04 |
| KEYS Keysight Technologies Inc. | Add +1.6% | 0.61% | −0.05 |
| AMGN Amgen Inc. | Add +1.2% | 0.68% | −0.06 |
| EA Electronic Arts Inc. | Add +1.3% | 0.57% | −0.06 |
| USB US Bancorp | Add +0.0% | 1.27% | −0.06 |
| SBUX Starbucks Corp. | Add +2.2% | 0.55% | −0.06 |
| JNJ Johnson & Johnson | Add +1.0% | 1.12% | −0.07 |
| AZN Astrazeneca PLC-Spons ADR | Add +0.9% | 1.17% | −0.08 |
| SPGI S&P Global Inc. | Add +0.6% | 0.68% | −0.08 |
| UNP Union Pacific Corp. | Add +0.8% | 1.10% | −0.08 |
Notes & Other Activity Q4 2023 → Q1 2024
| DOCUSIGN INC (DOCU 0 01/15/24) | NOTE 1/1 · principal | Sold out | 3,757,000 | $3.7Mbefore exit |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | Reduce -0.7% | 1,435,000 | $1.4M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 121 | $260.5M | DELL, KLAC, LLY, GOOGL, NTAP |
| Q1 2026 | 118 | $219.8M | GOOGL, TER, JNJ, AZN, NVS |
| Q4 2025 | 119 | $222.9M | GOOGL, KLAC, TEL, AVGO, ABBV |
| Q3 2025 | 134 | $247.1M | POWW, GOOGL, MSFT, ABT, ABBV |
| Q2 2025 | 125 | $224.7M | AVGO, POWW, META, GOOGL, CSCO |
| Q1 2025 | 127 | $216.0M | POWW, BJ, ABBV, GOOGL, META |
| Q4 2024 | 136 | $240.4M | AVGO, AAPL, META, GOOGL, MSFT |
| Q3 2024 | 128 | $227.1M | POWW, META, AVGO, MRK, LMT |
| Q2 2024 | 91 | $166.0M | POWW, MRK, META, AVGO, BJ |
| Q1 2024 | 128 | $220.7M | POWW, MRK, META, AVGO, NTAP |