Tealwood Asset Management Inc.

Name: TEALWOOD ASSET MANAGEMENT INC 13F holdings, Q1 2024
Creator: TEALWOOD ASSET MANAGEMENT INC
Published: 2024-04-11

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

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
PCYO Pure Cycle Corp.	0.51%	118,339	$1.1M	Reduce -0.9%
COO The Cooper Cos Inc.	0.51%	11,062	$1.1M	Reduce -0.8%
RCM R1 RCM Inc.	0.51%	86,557	$1.1M	Reduce -0.9%
ZBRA Zebra Technologies Corp. Class A	0.50%	3,659	$1.1M	Add +0.4%
VRRM Verra Mobility Corp.	0.50%	44,065	$1.1M	Reduce -37.4%
GOGO Gogo Inc.	0.49%	122,246	$1.1M	Add +95.6%
BMRN Biomarin Pharmaceutical Inc.	0.48%	12,201	$1.1M	Reduce -1.8%
TER Teradyne Inc.	0.48%	9,400	$1.1M	Reduce -0.7%
SBAC SBA Communications Corp.	0.47%	4,771	$1.0M	Add +2.5%
GMED Globus Medical Inc. Class A	0.46%	19,019	$1.0M	New
AEE Ameren Corporation	0.46%	13,634	$1.0M	Add +3.3%
INCY Incyte Corp.	0.45%	17,483	$996K	Reduce -0.8%
TFX Teleflex Inc.	0.45%	4,382	$991K	Reduce -0.9%
TDC Teradata Corp.	0.44%	25,043	$968K	Add +21.1%
G Genpact Ltd.	0.37%	24,634	$812K	Add +8.0%
SHLS Shoals Technologies Group -A	0.36%	70,942	$793K	Reduce -0.2%
IRDM Iridium Communications Inc.	0.30%	25,707	$673K	Reduce -0.6%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP	0.29%	21,163	$637K	Add +0.8%
TGT Target Corp.	0.29%	3,575	$634K	No change
T AT&T Inc.	0.27%	34,382	$605K	Add +0.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.18%	2,125	$406K	No change
WMT Walmart Inc.	0.16%	5,754	$346K	No change
ROK Rockwell Automation Inc.	0.15%	1,120	$326K	No change
ECL Ecolab Inc.	0.11%	1,085	$251K	No change
MOAT Vaneck Morningstar Wide Moat	0.11%	2,687	$242K	No change
LUNR Intuitive Machines Inc.	0.06%	20,900	$131K	New
STKL Sunopta Inc.	0.04%	12,500	$86K	No change
SHARPLINK GAMING INC	0.01%	11,306	$17K	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