Thompson Davis & Co., Inc.

Name: THOMPSON DAVIS & CO., INC. 13F holdings, Q1 2025
Creator: THOMPSON DAVIS & CO., INC.
Published: 2025-05-13

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

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Thompson Davis & Co., Inc. reported 122 stock positions worth $126.8 million. Its top holding was Smith-Midland (SMID) at 44.4% of the portfolio, followed by Carlisle Cos (CSL, 5.6%) and Dover (DOV, 2.9%). Compared with Q4 2024, it opened 26 new positions, sold out of 30, added to 46 and reduced 28. The biggest buy was a new position in Cheniere Energy (LNG) and the biggest sale an exit from Primoris Services (PRIM).

Most Recent 13F: Q2 2026
Location: RICHMOND, VA
CIK: 0001017284
Portfolio Value: $126.8M (Q1 2025)
SEC Filing: 0001017284-25-000003 ↗ filed May 13, 2025

Holdings Value

Holdings 122 stocks · $126.8M


SMID Smith-Midland Corp.	44.41%	1,811,935	$56.3M	Add +1.5%
CSL Carlisle Cos Inc.	5.64%	20,982	$7.1M	No change
DOV Dover Corp.	2.90%	20,920	$3.7M	No change
VOO Vanguard S&P 500 ETF	2.39%	5,887	$3.0M	Add +0.3%
SHW The Sherwin-Williams Co.	2.07%	7,500	$2.6M	No change
CB Chubb Ltd.	1.46%	6,125	$1.8M	No change
VIG Vanguard Dividend Apprec ETF	1.15%	7,496	$1.5M	Add +19.2%
JPST JPMorgan Ultra-Short Income	1.11%	27,913	$1.4M	Add +7.4%
LLY Eli Lilly & Co.	1.04%	1,602	$1.3M	Add +4.2%
COST Costco Wholesale Corp.	1.04%	1,397	$1.3M	Add +0.7%
SPTI SS SPDR P Int Term TSY ETF	1.00%	44,518	$1.3M	Reduce -4.2%
WGS Genedx Holdings Corp.	0.99%	14,150	$1.3M	Reduce -33.0%
AAPL Apple Inc.	0.96%	5,505	$1.2M	Reduce -16.2%
PROF Profound Medical Corp.	0.94%	203,850	$1.2M	Add +11.8%
DY Dycom Industries Inc.	0.87%	7,250	$1.1M	Reduce -3.3%
SPTS SS SPDR P St Term TSY ETF	0.85%	36,825	$1.1M	Add +14.6%
HYBL SS Blackstone High Inc. ETF	0.85%	38,106	$1.1M	Add +1.9%
AMZN Amazon.com Inc.	0.81%	5,430	$1.0M	Add +6.3%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	0.81%	20,301	$1.0M	Reduce -14.5%
BIL SS SPDR BB 1-3M T-Bill ETF	0.68%	9,450	$867K	Add +84.0%
META Meta Platforms Inc. Class A	0.65%	1,436	$828K	No change
VTV Vanguard Mrngstr Val ETF-Aui	0.65%	4,759	$822K	Reduce -3.1%
JEPI JPMorgan Equity Premium Inco	0.65%	14,359	$820K	Add +7.6%
GLD SPDR Gold Shares	0.63%	2,787	$803K	Add +6.7%
MSFT Microsoft Corp.	0.63%	2,122	$797K	Reduce -1.6%
ESGV Vanguard ESG US Stock ETF	0.63%	8,124	$796K	No change
QQQ Invesco QQQ Trust Series 1	0.60%	1,617	$758K	No change
BB Blackberry Ltd.	0.59%	197,110	$743K	Add +19.1%
GE General Electric filed as GE AEROSPACE	0.56%	3,569	$714K	No change
TRAK Repositrak Inc.	0.55%	34,578	$701K	Reduce -6.5%
VUG Vanguard Mrngstar GR ETF-Sui	0.54%	1,841	$683K	Add +0.1%
GEV GE Vernova Inc.	0.51%	2,125	$649K	No change
XLY SS Consumer Disc Select Sect	0.50%	3,239	$640K	Add +68.4%
WMT Walmart Inc.	0.50%	7,152	$628K	Add +1.4%
SPYM Ste STR SPDR PT S&P 500 ETF	0.49%	9,450	$621K	Add +15.2%
IBIT iShares Bitcoin Trust ETF	0.49%	13,173	$617K	Add +27.6%
TMUS T-Mobile US Inc.	0.48%	2,280	$608K	Reduce -11.6%
IWM iShares Russell 2000 ETF	0.45%	2,890	$577K	Add +9.2%
UBER Uber Technologies Inc.	0.44%	7,715	$562K	Reduce -0.5%
NVDA Nvidia Corp.	0.44%	5,142	$557K	Reduce -55.1%
ORCL Oracle Corp.	0.43%	3,881	$543K	Add +47.0%
FIX Comfort Systems USA Inc.	0.43%	1,674	$540K	Add +69.1%
LNG Cheniere Energy Inc.	0.42%	2,285	$529K	New
FLOT iShares Floating Rate Bond E	0.41%	10,177	$520K	Add +5.3%
VSGX Vanguard ESG Intl Stock ETF	0.40%	8,636	$509K	Add +41.3%
PG The Procter & Gamble Co.	0.40%	2,973	$507K	No change
XLC SS Comm Select Sector SPDR	0.39%	5,152	$497K	Add +14.2%
SPMD SS SPDR P S&P 400 Midcap ETF	0.39%	9,650	$494K	Add +13.5%
NFLX Netflix Inc.	0.39%	527	$491K	No change
GLDD Great Lakes Dredge & Dock Co.	0.38%	54,650	$475K	Add +149.0%
SCHD Schwab US DVD Equity ETF	0.37%	16,740	$468K	Add +0.5%
CRWD CrowdStrike Holdings Inc. Class A	0.36%	1,300	$458K	Add +14.5%
COF Capital One Financial Corp.	0.36%	2,524	$453K	New
V Visa Inc. Class A	0.35%	1,263	$443K	Add +3.4%
TSLA Tesla Inc.	0.34%	1,680	$435K	Add +22.8%
SFM Sprouts Farmers Market Inc.	0.34%	2,850	$435K	Reduce -41.2%
VB Vanguard Most SM-Cap ETF-Usd	0.34%	1,957	$434K	No change
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.33%	3,475	$423K	New
XLP SS Consumer Staples Sel Sect	0.33%	5,153	$421K	Add +13.8%
JNJ Johnson & Johnson	0.33%	2,484	$412K	Add +3.9%
HOOD Robinhood Markets Inc. Class A	0.31%	9,450	$393K	New
CDNA Caredx Inc.	0.31%	22,000	$391K	Add +37.1%
MKL Markel Group Inc.	0.30%	201	$376K	Reduce -6.9%
ETN Eaton Corp. PLC	0.29%	1,350	$367K	Add +42.1%
XLV SS Health Care Select Sector	0.29%	2,483	$363K	Add +18.4%
PHYS Sprott Physical Gold Trust	0.28%	14,700	$354K	New
GOOG Alphabet Inc. Class C	0.28%	2,247	$351K	Reduce -27.5%
D Dominion Energy Inc.	0.26%	5,862	$329K	Add +9.7%
NX Quanex Building Products	0.24%	16,658	$310K	New
SPY SS SPDR S&P 500 ETF Trust-US	0.24%	539	$302K	Reduce -2.7%
EME Emcor Group Inc.	0.24%	815	$301K	Add +5.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F	0.23%	5,700	$295K	New
MDY State Street SPDR S&P Midcap	0.23%	537	$286K	Reduce -1.8%
RDNT Radnet Inc.	0.22%	5,725	$285K	No change
TOTL SS Doubleline TR Tact ETF	0.22%	6,975	$281K	New
AIG American International Group	0.22%	3,160	$275K	New
CSCO Cisco Systems Inc.	0.22%	4,434	$274K	New
GOOGL Alphabet Inc. Class A	0.21%	1,696	$262K	Add +1.8%
MSTR Strategy Inc. filed as MICROSTRATEGY INC	0.21%	910	$261K	New
RSP Invesco S&P 500 Equal Weight	0.20%	1,491	$258K	No change
MYO Myomo Inc.	0.20%	53,600	$258K	Add +90.4%
FBTC Fidelity Wise Origin Bitcoin	0.20%	3,465	$249K	Reduce -37.7%
BRK.B Berkshire Hathaway Inc. Class B	0.20%	465	$248K	No change
RING iShares MSCI Global Gold Min	0.19%	6,310	$242K	New
VEA Vanguard Ftse Developed ETF	0.19%	4,730	$240K	No change
OUNZ Vaneck Merk Gold ETF	0.19%	7,975	$240K	No change
VXF Vanguard Extended Market ETF	0.19%	1,362	$235K	Add +8.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.18%	939	$233K	Add +0.2%
SDY SS SPDR S&P Dividend ETF	0.18%	1,713	$232K	No change
NVT Nvent Electric PLC	0.18%	4,330	$227K	Reduce -18.8%
VONV Vanguard Russell 1000 Value	0.18%	2,723	$225K	Add +7.6%
FEIM Frequency Electronics Inc.	0.18%	14,210	$222K	No change
ROKU Roku Inc.	0.17%	3,150	$222K	New
CTRA Coterra Energy Inc.	0.17%	7,360	$213K	New
SOHO Sotherly Hotels Inc.	0.17%	286,701	$212K	Reduce -11.3%
AVGO Broadcom Inc.	0.17%	1,255	$210K	Reduce -12.6%
GEHC GE Healthcare Technology	0.16%	2,536	$205K	New
ET Energy Transfer LP	0.15%	10,500	$195K	No change
CX Cemex Sab-Spons ADR Part Cer	0.15%	34,000	$191K	Add +88.9%
LUNR Intuitive Machines Inc.	0.15%	24,830	$185K	Reduce -9.0%
ADTN Adtran Holdings Inc.	0.13%	18,675	$163K	New
NOK Nokia Corp.-Spon ADR	0.11%	26,600	$140K	New
AEE Ameren Corporation	0.10%	10,150	$123K	New
PBI Pitney Bowes Inc.	0.10%	13,683	$122K	New
PESI Perma-Fix Environmental SVCS	0.08%	13,440	$98K	Reduce -1.8%
ICAD Icad Inc.	0.07%	45,554	$94K	Add +171.5%
ZDGE Zedge Inc. Class B	0.07%	36,110	$84K	New
SHIM Shimmick Corp.	0.06%	45,000	$81K	Add +21.6%
TLRY Tilray Brands Inc.	0.06%	113,267	$75K	Reduce -36.8%
OESX Orion Energy Systems Inc.	0.05%	91,905	$66K	New
APPS Digital Turbine Inc.	0.04%	17,425	$47K	New
SLND Southland Holdings Inc.	0.03%	12,500	$37K	No change
AMPG Amplitech Group Inc.	0.03%	22,220	$34K	New
GROY Gold Royalty Corp.	0.02%	17,000	$24K	Reduce -15.0%
LCID Lucid Group Inc.	0.02%	10,000	$24K	New
THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN	0.02%	36,000	$23K	Reduce -28.0%
BW Babcock & Wilcox Enterpr	0.02%	30,000	$20K	No change
VGZ Vista Gold Corp.	0.01%	20,000	$17K	Reduce -41.2%
AWRE Aware Inc.	0.01%	10,000	$16K	Reduce -73.0%
INTZ Intrusion Inc.	0.01%	12,900	$14K	New
BAER Bridger Aerospace Group Hold	0.01%	12,332	$14K	New
PZG Paramount Gold Nevada Corp.	0.00%	16,000	$6K	Reduce -33.3%

Other holdings (3): bonds, preferreds, convertibles and warrants · $2K (not counted above)

Security	Class	Shares / Principal	Value	Change
BAERW Wildfire New Pubco Inc.-27	*W EXP 01/24/202	20,000	$1K	Add +100.0%
HOVRW Pono Capital Three Inc.-A-28	*W EXP 02/14/202	20,000	$682	No change
HYMCW Hycroft Mining Holding	*W EXP 05/29/202	40,000	$100	No change

Total filed on the 13F, all lines: $126.8M.

Portfolio Sells Q4 2024 → Q1 2025


PRIM Primoris Services Corp.	Sold out	0.00%	−0.98
AMD Advanced Micro Devices	Sold out	0.00%	−0.58
NVDA Nvidia Corp.	Reduce -55.1%	0.44%	−0.55
NUTX Nutex Health Inc.	Sold out	0.00%	−0.45
SMH Vaneck Semiconductor ETF	Sold out	0.00%	−0.41
ARM Arm Holdings PLC-ADR	Sold out	0.00%	−0.29
GLW Corning Inc.	Sold out	0.00%	−0.25
KKR KKR & Co. Inc.	Sold out	0.00%	−0.25
CRDO Credo Technology Group Holdi	Sold out	0.00%	−0.22
DOCU Docusign Inc.	Sold out	0.00%	−0.20
VRT Vertiv Holdings Co. Class A	Sold out	0.00%	−0.20
ANET Arista Networks Inc.	Sold out	0.00%	−0.18
LUNR Intuitive Machines Inc.	Reduce -9.0%	0.15%	−0.17
CLS Celestica Inc.	Sold out	0.00%	−0.16
CCJ Cameco Corp.	Sold out	0.00%	−0.16
PSIX Power Solutions Internationa	Sold out	0.00%	−0.16
WGMI CS BTC Min Dig PWR ETF	Sold out	0.00%	−0.16
CMG Chipotle Mexican Grill Inc.	Sold out	0.00%	−0.14
RKLB Rocket Lab USA Inc.	Sold out	0.00%	−0.14
SN Sharkninja Inc.	Sold out	0.00%	−0.14
IVV iShares Core S&P 500 ETF	Sold out	0.00%	−0.13
KEYS Keysight Technologies Inc.	Sold out	0.00%	−0.13
BWXT BWX Technologies Inc.	Sold out	0.00%	−0.13
GOOG Alphabet Inc. Class C	Reduce -27.5%	0.28%	−0.10
TLRY Tilray Brands Inc.	Reduce -36.8%	0.06%	−0.10
FBTC Fidelity Wise Origin Bitcoin	Reduce -37.7%	0.20%	−0.10
AAPL Apple Inc.	Reduce -16.2%	0.96%	−0.09
FKWL Franklin Wireless Corp.	Sold out	0.00%	−0.09
RIG Transocean Ltd.	Sold out	0.00%	−0.06
WGS Genedx Holdings Corp.	Reduce -33.0%	0.99%	−0.06
NVT Nvent Electric PLC	Reduce -18.8%	0.18%	−0.05
SFM Sprouts Farmers Market Inc.	Reduce -41.2%	0.34%	−0.05
BTMD Biote Corp. Class A	Sold out	0.00%	−0.05
AVGO Broadcom Inc.	Reduce -12.6%	0.17%	−0.05
LFMD Lifemd Inc.	Sold out	0.00%	−0.04
AWRE Aware Inc.	Reduce -73.0%	0.01%	−0.03
CODX Co.-Diagnostics Inc.	Sold out	0.00%	−0.03
SOHO Sotherly Hotels Inc.	Reduce -11.3%	0.17%	−0.03
PESI Perma-Fix Environmental SVCS	Reduce -1.8%	0.08%	−0.02
CRON Cronos Group Inc.	Sold out	0.00%	−0.02
PRTS Carparts.com Inc.	Sold out	0.00%	−0.02
DYAI Dyadic International Inc.	Sold out	0.00%	−0.01
TAOP Taoping Inc.	Sold out	0.00%	−0.01
PZG Paramount Gold Nevada Corp.	Reduce -33.3%	0.00%	−0.00
VGZ Vista Gold Corp.	Reduce -41.2%	0.01%	+0.00
THM Intl Tower Hill Mines Ltd.	Reduce -28.0%	0.02%	+0.00
GROY Gold Royalty Corp.	Reduce -15.0%	0.02%	+0.00
MDY State Street SPDR S&P Midcap	Reduce -1.8%	0.23%	+0.03
TRAK Repositrak Inc.	Reduce -6.5%	0.55%	+0.03
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -2.7%	0.24%	+0.03

Portfolio Buys Q4 2024 → Q1 2025


LNG Cheniere Energy Inc.	New	0.42%	+0.42
BIL SS SPDR BB 1-3M T-Bill ETF	Add +84.0%	0.68%	+0.38
COF Capital One Financial Corp.	New	0.36%	+0.36
VIG Vanguard Dividend Apprec ETF	Add +19.2%	1.15%	+0.36
VOO Vanguard S&P 500 ETF	Add +0.3%	2.39%	+0.35
TJX TJX Companies Inc.	New	0.33%	+0.33
HOOD Robinhood Markets Inc. Class A	New	0.31%	+0.31
LLY Eli Lilly & Co.	Add +4.2%	1.04%	+0.28
PHYS Sprott Physical Gold Trust	New	0.28%	+0.28
JPST JPMorgan Ultra-Short Income	Add +7.4%	1.11%	+0.27
SPTS SS SPDR P St Term TSY ETF	Add +14.6%	0.85%	+0.25
NX Quanex Building Products	New	0.24%	+0.24
JEPQ JPM Nasdaq Equity Premium	New	0.23%	+0.23
XLY SS Consumer Disc Select Sect	Add +68.4%	0.50%	+0.23
GLD SPDR Gold Shares	Add +6.7%	0.63%	+0.23
COST Costco Wholesale Corp.	Add +0.7%	1.04%	+0.22
TOTL SS Doubleline TR Tact ETF	New	0.22%	+0.22
AIG American International Group	New	0.22%	+0.22
CSCO Cisco Systems Inc.	New	0.22%	+0.22
GLDD Great Lakes Dredge & Dock Co.	Add +149.0%	0.38%	+0.22
MSTR Strategy Inc.	New	0.21%	+0.21
RING iShares MSCI Global Gold Min	New	0.19%	+0.19
VSGX Vanguard ESG Intl Stock ETF	Add +41.3%	0.40%	+0.18
ROKU Roku Inc.	New	0.17%	+0.17
BB Blackberry Ltd.	Add +19.1%	0.59%	+0.17
CTRA Coterra Energy Inc.	New	0.17%	+0.17
HYBL SS Blackstone High Inc. ETF	Add +1.9%	0.85%	+0.16
GEHC GE Healthcare Technology	New	0.16%	+0.16
FIX Comfort Systems USA Inc.	Add +69.1%	0.43%	+0.16
JEPI JPMorgan Equity Premium Inco	Add +7.6%	0.65%	+0.15
ORCL Oracle Corp.	Add +47.0%	0.43%	+0.14
IBIT iShares Bitcoin Trust ETF	Add +27.6%	0.49%	+0.13
ADTN Adtran Holdings Inc.	New	0.13%	+0.13
SPYM Ste STR SPDR PT S&P 500 ETF	Add +15.2%	0.49%	+0.13
CRWD CrowdStrike Holdings Inc. Class A	Add +14.5%	0.36%	+0.11
XLC SS Comm Select Sector SPDR	Add +14.2%	0.39%	+0.11
NOK Nokia Corp.-Spon ADR	New	0.11%	+0.11
XLP SS Consumer Staples Sel Sect	Add +13.8%	0.33%	+0.10
JNJ Johnson & Johnson	Add +3.9%	0.33%	+0.10
V Visa Inc. Class A	Add +3.4%	0.35%	+0.10
XLV SS Health Care Select Sector	Add +18.4%	0.29%	+0.10
AEE Ameren Corporation	New	0.10%	+0.10
PBI Pitney Bowes Inc.	New	0.10%	+0.10
AMZN Amazon.com Inc.	Add +6.3%	0.81%	+0.09
FLOT iShares Floating Rate Bond E	Add +5.3%	0.41%	+0.09
SPMD SS SPDR P S&P 400 Midcap ETF	Add +13.5%	0.39%	+0.09
CDNA Caredx Inc.	Add +37.1%	0.31%	+0.09
MYO Myomo Inc.	Add +90.4%	0.20%	+0.09
ETN Eaton Corp. PLC	Add +42.1%	0.29%	+0.09
CX Cemex Sab-Spons ADR Part Cer	Add +88.9%	0.15%	+0.09

Notes & Other Activity Q4 2024 → Q1 2025


OUSTZ Ouster Inc. -CW25	*W EXP 03/11/202	Sold out	20,000	$2Kbefore exit
BFLYW Butterfly Network Inc. -CW25	*W EXP 02/12/202	Sold out	10,000	$1Kbefore exit
BAERW Wildfire New Pubco Inc.-27	*W EXP 01/24/202	Add +100.0%	20,000	$1K

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	168	$167.2M	SMID, CSL, DOV, JPST, VOO
Q1 2026	141	$149.9M	SMID, CSL, DOV, VOO, FIX
Q4 2025	156	$167.0M	SMID, CSL, DOV, VOO, SHW
Q3 2025	147	$162.0M	SMID, CSL, DOV, VOO, SHW
Q2 2025Amended	137	$146.7M	SMID, CSL, WMT, DOV, VOO
Q1 2025	122	$126.8M	SMID, CSL, DOV, VOO, SHW
Q4 2024	126	$155.5M	SMID, CSL, DOV, VOO, SHW
Q3 2024	123	$135.4M	SMID, CSL, DOV, SHW, VOO
Q2 2024	111	$115.3M	SMID, CSL, ESOA, DOV, VOO
Q1 2024	116	$147.6M	SMID, ESOA, CSL, DOV, SHW