Tealwood Asset Management Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 8, 2024), Tealwood Asset Management Inc. reported 128 stock positions worth $227.1 million. Its top holding was Outdoor (POWW) at 2.1% of the portfolio, followed by Meta Platforms Class A (META, 2.0%) and Broadcom (AVGO, 1.9%). Compared with Q2 2024, it opened 37 new positions, added to 31 and reduced 57. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale Merck (MRK, shares −1%).

Most Recent 13F
Q2 2026
Location
Minneapolis, MN
CIK
0001164062
Portfolio Value
$227.1M (Q3 2024)
SEC Filing
0001580642-24-006065 ↗ filed Oct 8, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $220.7M Q1 2024 Q2 2024: $166.0M Q2 2024 Q3 2024: $227.1M $227.1M Q3 2024 Q4 2024: $240.4M Q4 2024 Q1 2025: $216.0M Q1 2025 Q2 2025: $224.7M Q2 2025 Q3 2025: $247.1M Q3 2025 Q4 2025: $222.9M Q4 2025 Q1 2026: $219.8M Q1 2026 Q2 2026: $260.5M Q2 2026

Holdings 128 stocks · $227.1M
POWW Outdoor Holding Co. filed as AMMO INC 2.15% 3,410,000 $4.9M No change
META Meta Platforms Inc. Class A 2.01% 7,971 $4.6M Reduce -2.0%
AVGO Broadcom Inc. 1.86% 24,476 $4.2M Reduce -1.9%
MRK Merck & Co. Inc. 1.71% 34,200 $3.9M Reduce -0.7%
LMT Lockheed Martin Corp. 1.47% 5,692 $3.3M Reduce -1.8%
ABBV Abbvie Inc. 1.43% 16,483 $3.3M Reduce -1.2%
STX Seagate Technology Holdings 1.37% 28,422 $3.1M Reduce -1.3%
HRB H&R Block Inc. filed as BLOCK H & R INC 1.31% 46,734 $3.0M Reduce -1.4%
ALSN Allison Transmission Holding 1.31% 30,880 $3.0M Reduce -1.3%
UNH Unitedhealth Group Inc. 1.28% 4,968 $2.9M New
AZN Astrazeneca PLC-Spons ADR 1.27% 37,120 $2.9M Reduce -1.4%
BX Blackstone Inc. 1.26% 18,670 $2.9M Reduce -1.6%
CMI Cummins Inc. 1.25% 8,792 $2.8M Reduce -1.6%
GEN Gen Digital Inc. 1.24% 102,675 $2.8M Reduce -1.1%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 1.23% 33,871 $2.8M Reduce -0.8%
NTAP Netapp Inc. 1.22% 22,480 $2.8M Reduce -1.1%
USB US Bancorp 1.22% 60,598 $2.8M New
NVS Novartis AG-Sponsored ADR 1.21% 23,918 $2.8M Reduce -1.3%
GRMN Garmin Ltd. 1.19% 15,330 $2.7M Reduce -1.4%
DLR Digital Realty Trust Inc. 1.19% 16,645 $2.7M Reduce -1.6%
APO Apollo Global Management Inc. 1.16% 21,052 $2.6M Reduce -0.2%
MSFT Microsoft Corp. 1.14% 6,033 $2.6M Add +0.8%
ADP Automatic Data Processing 1.14% 9,360 $2.6M Reduce -1.6%
AAPL Apple Inc. 1.12% 10,883 $2.5M Add +0.4%
HALO Halozyme Therapeutics Inc. 1.11% 44,119 $2.5M Reduce -0.4%
HD Home Depot Inc. 1.11% 6,218 $2.5M Reduce -1.0%
JNJ Johnson & Johnson 1.11% 15,535 $2.5M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 1.11% 5,455 $2.5M Add +0.5%
CSCO Cisco Systems Inc. 1.08% 46,293 $2.5M Reduce -1.4%
TXN Texas Instruments Inc. 1.08% 11,860 $2.5M New
STT State Street Corp. 1.07% 27,515 $2.4M New
MCD McDonald's Corp. 1.07% 7,972 $2.4M Reduce -1.3%
UNP Union Pacific Corp. 1.06% 9,726 $2.4M New
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.01% 40,457 $2.3M Reduce -1.5%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.99% 2,173 $2.3M Add +0.4%
UPS United Parcel Service Class B 0.99% 16,427 $2.2M New
MRSH Marsh & McLennan Cos 0.95% 9,679 $2.2M Add +0.7%
AMD Advanced Micro Devices 0.92% 12,726 $2.1M Add +1.6%
GOOGL Alphabet Inc. Class A 0.91% 12,416 $2.1M Add +3.3%
FTNT Fortinet Inc. 0.87% 25,530 $2.0M Add +1.2%
RTX RTX Corp. 0.87% 16,229 $2.0M New
ADBE Adobe Inc. 0.85% 3,746 $1.9M Add +0.4%
PH Parker Hannifin Corp. 0.84% 3,033 $1.9M Reduce -25.8%
MDT Medtronic PLC 0.84% 21,280 $1.9M Reduce -1.1%
MLI Mueller Industries Inc. 0.84% 25,764 $1.9M Reduce -0.7%
SHW The Sherwin-Williams Co. 0.83% 4,955 $1.9M New
SPGI S&P Global Inc. 0.81% 3,553 $1.8M New
ICE Intercontinental Exchange Inc. 0.80% 11,379 $1.8M Add +1.3%
CRM Salesforce Inc. 0.80% 6,676 $1.8M New
REGN Regeneron Pharmaceuticals 0.80% 1,736 $1.8M New
CFG Citizens Financial Group 0.78% 43,059 $1.8M Add +0.8%
PANW Palo Alto Networks Inc. 0.77% 5,112 $1.7M Reduce -29.5%
CVLT Commvault Systems Inc. 0.77% 11,324 $1.7M Reduce -0.6%
ETN Eaton Corp. PLC 0.76% 5,232 $1.7M Reduce -36.7%
AMGN Amgen Inc. 0.75% 5,309 $1.7M Add +1.3%
AZO AutoZone Inc. 0.75% 542 $1.7M Add +0.9%
QCOM Qualcomm Inc. 0.74% 9,949 $1.7M New
ROST Ross Stores Inc. 0.74% 11,207 $1.7M New
TTWO Take-Two Interactive Softwre 0.74% 10,975 $1.7M New
NVO Novo-Nordisk A/S-Spons ADR 0.74% 14,116 $1.7M Add +0.8%
VRTX Vertex Pharmaceuticals Inc. 0.74% 3,613 $1.7M New
SCHW Schwab (charles) Corp. 0.73% 25,746 $1.7M New
MDLZ Mondelez International Inc. Class A 0.73% 22,444 $1.7M Add +1.5%
V Visa Inc. Class A 0.72% 5,987 $1.6M New
AMAT Applied Materials Inc. 0.72% 8,137 $1.6M Add +1.5%
BLK BlackRock Finance Inc. 0.71% 1,709 $1.6M Add +1.5%
CACI Caci International Inc. Class A 0.71% 3,212 $1.6M Reduce -1.4%
PTC PTC Inc. 0.70% 8,858 $1.6M Reduce -0.1%
CASH Pathward Financial Inc. 0.70% 24,028 $1.6M Reduce -0.3%
MOH Molina Healthcare Inc. 0.69% 4,537 $1.6M Add +0.1%
TMO Thermo Fisher Scientific Inc. 0.69% 2,521 $1.6M New
BOX Box Inc. Class A 0.68% 47,459 $1.6M Reduce -0.7%
BKNG Booking Holdings Inc. 0.67% 362 $1.5M Add +1.4%
EXEL Exelixis Inc. 0.67% 58,708 $1.5M Reduce -0.6%
ICLR Icon PLC 0.67% 5,263 $1.5M Reduce -0.4%
MAS Masco Corp. 0.66% 17,774 $1.5M Reduce -0.5%
MNST Monster Beverage Corp. 0.66% 28,570 $1.5M Add +1.8%
LRCX Lam Research Corp. 0.64% 1,773 $1.4M Add +1.5%
ABT Abbott Laboratories 0.62% 12,337 $1.4M Add +1.9%
KEYS Keysight Technologies Inc. 0.61% 8,766 $1.4M Add +1.6%
EA Electronic Arts Inc. 0.61% 9,600 $1.4M Add +2.1%
NDAQ Nasdaq Inc. 0.60% 18,752 $1.4M Reduce -0.2%
GMED Globus Medical Inc. Class A 0.60% 19,066 $1.4M Add +0.3%
NBIX Neurocrine Biosciences Inc. 0.60% 11,793 $1.4M Reduce -0.9%
HUM Humana Inc. 0.60% 4,276 $1.4M Add +1.8%
WFC Wells Fargo & Co. 0.60% 23,964 $1.4M New
ZBRA Zebra Technologies Corp. Class A 0.59% 3,624 $1.3M New
LOGI Logitech International-Reg 0.58% 14,777 $1.3M Reduce -0.3%
CROX Crocs Inc. 0.58% 9,140 $1.3M Reduce -0.3%
FFIV F5 Inc. 0.58% 6,012 $1.3M Reduce -0.4%
SBUX Starbucks Corp. 0.58% 13,563 $1.3M New
HOLX Hologic Inc. 0.58% 16,094 $1.3M Add +1.9%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.58% 31,816 $1.3M Reduce -26.8%
CPAY Corpay Inc. 0.57% 4,167 $1.3M Reduce -0.5%
DECK Deckers Outdoor Corp. 0.57% 8,149 $1.3M Reduce -0.1%
GDDY GoDaddy Inc. Class A 0.57% 8,189 $1.3M Reduce -0.3%
PCYO Pure Cycle Corp. 0.56% 117,600 $1.3M New
SYY Sysco Corp. 0.55% 16,035 $1.3M New
TER Teradyne Inc. 0.55% 9,349 $1.3M New
KNSL Kinsale Capital Group Inc. 0.55% 2,685 $1.3M Reduce -0.2%
IRDM Iridium Communications Inc. 0.55% 40,972 $1.2M Reduce -1.3%
ON On Semiconductor 0.55% 17,155 $1.2M Add +2.2%
TDC Teradata Corp. 0.54% 40,284 $1.2M New
VRRM Verra Mobility Corp. 0.53% 43,638 $1.2M New
AWI Armstrong World Industries 0.53% 9,216 $1.2M Reduce -0.2%
COO The Cooper Cos Inc. 0.53% 10,956 $1.2M Reduce -0.6%
LNTH Lantheus Holdings Inc. 0.52% 10,768 $1.2M New
SIMO Silicon Motion Technol-ADR 0.50% 18,622 $1.1M New
SBAC SBA Communications Corp. 0.49% 4,659 $1.1M New
BMRN Biomarin Pharmaceutical Inc. 0.48% 15,650 $1.1M Add +28.8%
TFX Teleflex Inc. 0.47% 4,339 $1.1M New
G Genpact Ltd. 0.42% 24,319 $954K Reduce -0.4%
GTLS Chart Industries Inc. 0.42% 7,653 $950K Reduce -0.2%
GNTX Gentex Corp. 0.41% 31,215 $927K Reduce -0.7%
GOGO Gogo Inc. 0.38% 121,647 $873K Add +0.4%
CHRD Chord Energy Corp. 0.37% 6,408 $835K Add +0.0%
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.36% 29,806 $823K Reduce -0.0%
T AT&T Inc. 0.33% 34,123 $751K Reduce -0.6%
TGT Target Corp. 0.25% 3,575 $557K New
WMT Walmart Inc. 0.20% 5,754 $465K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.20% 2,068 $457K Reduce -2.7%
SOLV Solventum Corp. 0.14% 4,601 $321K New
ROK Rockwell Automation Inc. 0.13% 1,120 $301K New
ECL Ecolab Inc. 0.12% 1,085 $277K No change
MOAT Vaneck Morningstar Wide Moat 0.10% 2,343 $227K New
LUNR Intuitive Machines Inc. 0.07% 20,000 $161K No change
STKL Sunopta Inc. 0.04% 12,500 $80K New
SHARPLINK GAMING INC 0.01% 29,263 $22K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
RINGCENTRAL INC (RNG 0 03/01/25) NOTE 3/0 · principal 1,320,000$1.3MNew

Total filed on the 13F, all lines: $228.4M.

Portfolio Sells Q2 2024 → Q3 2024
MRK Merck & Co. Inc. Reduce -0.7% 1.71% −0.86
ETN Eaton Corp. PLC Reduce -36.7% 0.76% −0.80
PANW Palo Alto Networks Inc. Reduce -29.5% 0.77% −0.71
BJ Bj's Wholesale Club Holdings Reduce -0.8% 1.23% −0.58
AVGO Broadcom Inc. Reduce -1.9% 1.86% −0.55
NTAP Netapp Inc. Reduce -1.1% 1.22% −0.54
AZN Astrazeneca PLC-Spons ADR Reduce -1.4% 1.27% −0.50
META Meta Platforms Inc. Class A Reduce -2.0% 2.01% −0.46
STX Seagate Technology Holdings Reduce -1.3% 1.37% −0.42
PH Parker Hannifin Corp. Reduce -25.8% 0.84% −0.40
NBIX Neurocrine Biosciences Inc. Reduce -0.9% 0.60% −0.39
DLR Digital Realty Trust Inc. Reduce -1.6% 1.19% −0.36
APO Apollo Global Management Inc. Reduce -0.2% 1.16% −0.34
NVS Novartis AG-Sponsored ADR Reduce -1.3% 1.21% −0.34
GRMN Garmin Ltd. Reduce -1.4% 1.19% −0.34
ICLR Icon PLC Reduce -0.4% 0.67% −0.33
GEN Gen Digital Inc. Reduce -1.1% 1.24% −0.32
NMIH Nmi Holdings Inc. Reduce -26.8% 0.58% −0.31
ABBV Abbvie Inc. Reduce -1.2% 1.43% −0.29
HALO Halozyme Therapeutics Inc. Reduce -0.4% 1.11% −0.29
WRB WR Berkley Corp. Reduce -1.5% 1.01% −0.28
LOGI Logitech International-Reg Reduce -0.3% 0.58% −0.28
JNJ Johnson & Johnson Reduce -0.5% 1.11% −0.27
PTC PTC Inc. Reduce -0.1% 0.70% −0.27
CSCO Cisco Systems Inc. Reduce -1.4% 1.08% −0.26
GTLS Chart Industries Inc. Reduce -0.2% 0.42% −0.25
HRB H&R Block Inc. Reduce -1.4% 1.31% −0.24
CMI Cummins Inc. Reduce -1.6% 1.25% −0.24
GNTX Gentex Corp. Reduce -0.7% 0.41% −0.23
ADP Automatic Data Processing Reduce -1.6% 1.14% −0.23
CROX Crocs Inc. Reduce -0.3% 0.58% −0.22
DECK Deckers Outdoor Corp. Reduce -0.1% 0.57% −0.22
HD Home Depot Inc. Reduce -1.0% 1.11% −0.19
MDT Medtronic PLC Reduce -1.1% 0.84% −0.18
MCD McDonald's Corp. Reduce -1.3% 1.07% −0.17
LMT Lockheed Martin Corp. Reduce -1.8% 1.47% −0.16
BX Blackstone Inc. Reduce -1.6% 1.26% −0.16
XIFR XPLR Infrastructure LP Reduce -0.0% 0.36% −0.13
CACI Caci International Inc. Class A Reduce -1.4% 0.71% −0.13
EXEL Exelixis Inc. Reduce -0.6% 0.67% −0.13
GDDY GoDaddy Inc. Class A Reduce -0.3% 0.57% −0.13
ALSN Allison Transmission Holding Reduce -1.3% 1.31% −0.12
CASH Pathward Financial Inc. Reduce -0.3% 0.70% −0.12
IRDM Iridium Communications Inc. Reduce -1.3% 0.55% −0.12
CPAY Corpay Inc. Reduce -0.5% 0.57% −0.10
AWI Armstrong World Industries Reduce -0.2% 0.53% −0.10
NDAQ Nasdaq Inc. Reduce -0.2% 0.60% −0.08
BOX Box Inc. Class A Reduce -0.7% 0.68% −0.08
KNSL Kinsale Capital Group Inc. Reduce -0.2% 0.55% −0.07
CVLT Commvault Systems Inc. Reduce -0.6% 0.77% −0.07

Portfolio Buys Q2 2024 → Q3 2024
UNH Unitedhealth Group Inc. New 1.28% +1.28
USB US Bancorp New 1.22% +1.22
TXN Texas Instruments Inc. New 1.08% +1.08
STT State Street Corp. New 1.07% +1.07
UNP Union Pacific Corp. New 1.06% +1.06
UPS United Parcel Service Class B New 0.99% +0.99
RTX RTX Corp. New 0.87% +0.87
SHW The Sherwin-Williams Co. New 0.83% +0.83
SPGI S&P Global Inc. New 0.81% +0.81
CRM Salesforce Inc. New 0.80% +0.80
REGN Regeneron Pharmaceuticals New 0.80% +0.80
QCOM Qualcomm Inc. New 0.74% +0.74
ROST Ross Stores Inc. New 0.74% +0.74
TTWO Take-Two Interactive Softwre New 0.74% +0.74
VRTX Vertex Pharmaceuticals Inc. New 0.74% +0.74
SCHW Schwab (charles) Corp. New 0.73% +0.73
V Visa Inc. Class A New 0.72% +0.72
TMO Thermo Fisher Scientific Inc. New 0.69% +0.69
WFC Wells Fargo & Co. New 0.60% +0.60
ZBRA Zebra Technologies Corp. Class A New 0.59% +0.59
SBUX Starbucks Corp. New 0.58% +0.58
PCYO Pure Cycle Corp. New 0.56% +0.56
SYY Sysco Corp. New 0.55% +0.55
TER Teradyne Inc. New 0.55% +0.55
TDC Teradata Corp. New 0.54% +0.54
VRRM Verra Mobility Corp. New 0.53% +0.53
LNTH Lantheus Holdings Inc. New 0.52% +0.52
SIMO Silicon Motion Technol-ADR New 0.50% +0.50
SBAC SBA Communications Corp. New 0.49% +0.49
TFX Teleflex Inc. New 0.47% +0.47
TGT Target Corp. New 0.25% +0.25
WMT Walmart Inc. New 0.20% +0.20
SOLV Solventum Corp. New 0.14% +0.14
ROK Rockwell Automation Inc. New 0.13% +0.13
MOAT Vaneck Morningstar Wide Moat New 0.10% +0.10
STKL Sunopta Inc. New 0.04% +0.04
SHARPLINK GAMING INC New 0.01% +0.01
FTNT Fortinet Inc. Add +1.2% 0.87% −0.04
BLK BlackRock Finance Inc. Add +1.5% 0.71% −0.08
KEYS Keysight Technologies Inc. Add +1.6% 0.61% −0.10
BMRN Biomarin Pharmaceutical Inc. Add +28.8% 0.48% −0.12
ICE Intercontinental Exchange Inc. Add +1.3% 0.80% −0.12
MOH Molina Healthcare Inc. Add +0.1% 0.69% −0.12
HOLX Hologic Inc. Add +1.9% 0.58% −0.13
ABT Abbott Laboratories Add +1.9% 0.62% −0.14
MDLZ Mondelez International Inc. Class A Add +1.5% 0.73% −0.14
ON On Semiconductor Add +2.2% 0.55% −0.14
CFG Citizens Financial Group Add +0.8% 0.78% −0.15
BKNG Booking Holdings Inc. Add +1.4% 0.67% −0.18
GWW WW Grainger Inc. Add +0.4% 0.99% −0.18

Notes & Other Activity Q2 2024 → Q3 2024
RINGCENTRAL INC (RNG 0 03/01/25) NOTE 3/0 · principal New 1,320,000 $1.3M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 121$260.5MDELL, KLAC, LLY, GOOGL, NTAP
Q1 2026 118$219.8MGOOGL, TER, JNJ, AZN, NVS
Q4 2025 119$222.9MGOOGL, KLAC, TEL, AVGO, ABBV
Q3 2025 134$247.1MPOWW, GOOGL, MSFT, ABT, ABBV
Q2 2025 125$224.7MAVGO, POWW, META, GOOGL, CSCO
Q1 2025 127$216.0MPOWW, BJ, ABBV, GOOGL, META
Q4 2024 136$240.4MAVGO, AAPL, META, GOOGL, MSFT
Q3 2024 128$227.1MPOWW, META, AVGO, MRK, LMT
Q2 2024 91$166.0MPOWW, MRK, META, AVGO, BJ
Q1 2024 128$220.7MPOWW, MRK, META, AVGO, NTAP