Thompson Davis & Co., Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 20, 2025), Thompson Davis & Co., Inc. reported 137 stock positions worth $146.7 million. Its top holding was Smith-Midland (SMID) at 40.6% of the portfolio, followed by Carlisle Cos (CSL, 5.3%) and Walmart (WMT, 3.0%). Compared with Q1 2025, it opened 40 new positions, sold out of 25, added to 35 and reduced 45. The biggest buy was Walmart (WMT, shares +524%) and the biggest sale Smith-Midland (SMID, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001017284
- Portfolio Value
- $146.7M (Q2 2025)
- SEC Filing
- 0001017284-25-000007 ↗ filed Aug 20, 2025
Holdings Value
Holdings 137 stocks · $146.7M
| SMID Smith-Midland Corp. | 40.58% | 1,773,862 | $59.5M | Reduce -2.1% |
| CSL Carlisle Cos Inc. | 5.32% | 20,882 | $7.8M | Reduce -0.5% |
| WMT Walmart Inc. | 2.98% | 44,642 | $4.4M | Add +524.2% |
| DOV Dover Corp. | 2.61% | 20,920 | $3.8M | No change |
| VOO Vanguard S&P 500 ETF | 2.40% | 6,192 | $3.5M | Add +5.2% |
| SHW The Sherwin-Williams Co. | 1.76% | 7,500 | $2.6M | No change |
| JPST JPMorgan Ultra-Short Income | 1.42% | 40,999 | $2.1M | Add +46.9% |
| CB Chubb Ltd. | 1.21% | 6,125 | $1.8M | No change |
| VIG Vanguard Dividend Apprec ETF | 1.17% | 8,421 | $1.7M | Add +12.3% |
| FIX Comfort Systems USA Inc. | 1.11% | 3,025 | $1.6M | Add +80.7% |
| AMZN Amazon.com Inc. | 1.10% | 7,387 | $1.6M | Add +36.0% |
| DY Dycom Industries Inc. | 1.10% | 6,575 | $1.6M | Reduce -9.3% |
| WGS Genedx Holdings Corp. | 1.09% | 17,330 | $1.6M | Add +22.5% |
| COST Costco Wholesale Corp. | 0.93% | 1,384 | $1.4M | Reduce -0.9% |
| PSIX Power Solutions Internationa | 0.91% | 20,550 | $1.3M | New |
| SPTI SS SPDR P Int Term TSY ETF | 0.89% | 45,572 | $1.3M | Add +2.4% |
| PROF Profound Medical Corp. | 0.85% | 210,495 | $1.2M | Add +3.3% |
| SPTS SS SPDR P St Term TSY ETF | 0.85% | 42,325 | $1.2M | Add +14.9% |
| LLY Eli Lilly & Co. | 0.82% | 1,537 | $1.2M | Reduce -4.1% |
| GEV GE Vernova Inc. | 0.77% | 2,125 | $1.1M | No change |
| HYBL SS Blackstone High Inc. ETF | 0.74% | 37,916 | $1.1M | Reduce -0.5% |
| MSFT Microsoft Corp. | 0.71% | 2,099 | $1.0M | Reduce -1.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.70% | 20,301 | $1.0M | No change |
| AAPL Apple Inc. | 0.66% | 4,733 | $971K | Reduce -14.0% |
| META Meta Platforms Inc. Class A | 0.65% | 1,288 | $950K | Reduce -10.3% |
| IBIT iShares Bitcoin Trust ETF | 0.64% | 15,371 | $941K | Add +16.7% |
| GE General Electric filed as GE AEROSPACE | 0.61% | 3,469 | $893K | Reduce -2.8% |
| ESGV Vanguard ESG US Stock ETF | 0.61% | 8,124 | $891K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.60% | 9,595 | $880K | Add +1.5% |
| NVDA Nvidia Corp. | 0.60% | 5,569 | $880K | Add +8.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.57% | 11,450 | $832K | Add +21.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.56% | 4,682 | $827K | Reduce -1.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.56% | 1,884 | $826K | Add +2.3% |
| GLD SPDR Gold Shares | 0.55% | 2,637 | $804K | Reduce -5.4% |
| BB Blackberry Ltd. | 0.53% | 167,861 | $776K | Reduce -14.8% |
| JEPI JPMorgan Equity Premium Inco | 0.49% | 12,572 | $715K | Reduce -12.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.49% | 1,400 | $713K | Add +7.7% |
| NFLX Netflix Inc. | 0.48% | 522 | $699K | Reduce -0.9% |
| GLDD Great Lakes Dredge & Dock Co. | 0.47% | 57,100 | $696K | Add +4.5% |
| UBER Uber Technologies Inc. | 0.47% | 7,345 | $685K | Reduce -4.8% |
| TSLA Tesla Inc. | 0.46% | 2,331 | $672K | Add +38.8% |
| ESOA Energy Services of America | 0.45% | 67,050 | $666K | New |
| TRAK Repositrak Inc. | 0.43% | 31,875 | $626K | Reduce -7.8% |
| XLY SS Consumer Disc Select Sect | 0.42% | 2,854 | $620K | Reduce -11.9% |
| ORCL Oracle Corp. | 0.41% | 2,777 | $607K | Reduce -28.4% |
| VSGX Vanguard ESG Intl Stock ETF | 0.41% | 9,236 | $605K | Add +7.0% |
| IWM iShares Russell 2000 ETF | 0.39% | 2,683 | $579K | Reduce -7.2% |
| MKL Markel Group Inc. | 0.39% | 286 | $571K | Add +42.3% |
| FEIM Frequency Electronics Inc. | 0.38% | 24,485 | $556K | Add +72.3% |
| XLC SS Comm Select Sector SPDR | 0.37% | 4,977 | $540K | Reduce -3.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 4,325 | $534K | Add +24.5% |
| EME Emcor Group Inc. | 0.36% | 990 | $530K | Add +21.5% |
| V Visa Inc. Class A | 0.36% | 1,483 | $527K | Add +17.4% |
| LNG Cheniere Energy Inc. | 0.33% | 1,985 | $483K | Reduce -13.1% |
| CSCO Cisco Systems Inc. | 0.32% | 6,784 | $471K | Add +53.0% |
| SFM Sprouts Farmers Market Inc. | 0.32% | 2,850 | $469K | No change |
| PG The Procter & Gamble Co. | 0.32% | 2,933 | $467K | Reduce -1.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 1,957 | $464K | No change |
| GOOG Alphabet Inc. Class C | 0.31% | 2,597 | $461K | Add +15.6% |
| XLP SS Consumer Staples Sel Sect | 0.31% | 5,584 | $452K | Add +8.4% |
| AIQ Global X Art Intel & Tech | 0.30% | 10,200 | $446K | New |
| FLOT iShares Floating Rate Bond E | 0.30% | 8,650 | $441K | Reduce -15.0% |
| SCHD Schwab US DVD Equity ETF | 0.29% | 15,821 | $419K | Reduce -5.5% |
| GOOGL Alphabet Inc. Class A | 0.27% | 2,219 | $391K | Add +30.8% |
| VRT Vertiv Holdings Co. Class A | 0.26% | 3,000 | $385K | New |
| RDDT Reddit Inc. Class A | 0.26% | 2,550 | $384K | New |
| CRDO Credo Technology Group Holdi | 0.26% | 4,100 | $380K | New |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.26% | 6,950 | $378K | Reduce -28.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 676 | $373K | Reduce -58.2% |
| SHLD Global X Defense Tech ETF | 0.25% | 6,000 | $362K | New |
| NX Quanex Building Products | 0.24% | 19,019 | $359K | Add +14.2% |
| ETN Eaton Corp. PLC | 0.23% | 950 | $339K | Reduce -29.6% |
| XLK SS Technology Select Sector | 0.23% | 1,325 | $336K | New |
| CDNA Caredx Inc. | 0.23% | 16,900 | $330K | Reduce -23.2% |
| CLS Celestica Inc. | 0.22% | 2,100 | $328K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 518 | $320K | Reduce -3.9% |
| D Dominion Energy Inc. | 0.22% | 5,628 | $318K | Reduce -4.0% |
| FBTC Fidelity Wise Origin Bitcoin | 0.22% | 3,365 | $316K | Reduce -2.9% |
| RKLB Rocket Lab Corp. | 0.21% | 8,700 | $311K | New |
| VXF Vanguard Extended Market ETF | 0.21% | 1,612 | $311K | Add +18.4% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.21% | 5,700 | $310K | No change |
| WFC Wells Fargo & Co. | 0.21% | 3,856 | $309K | New |
| XLV SS Health Care Select Sector | 0.21% | 2,285 | $308K | Reduce -8.0% |
| NVT Nvent Electric PLC | 0.20% | 4,080 | $299K | Reduce -5.8% |
| MDY State Street SPDR S&P Midcap | 0.20% | 523 | $296K | Reduce -2.6% |
| JNJ Johnson & Johnson | 0.20% | 1,884 | $288K | Reduce -24.1% |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 1,491 | $271K | No change |
| VEA Vanguard Ftse Developed ETF | 0.18% | 4,730 | $270K | No change |
| SOHO Sotherly Hotels Inc. | 0.17% | 269,601 | $256K | Reduce -6.0% |
| OUNZ Vaneck Merk Gold ETF | 0.17% | 7,975 | $254K | No change |
| RDNT Radnet Inc. | 0.17% | 4,425 | $252K | Reduce -22.7% |
| CAVA Cava Group Inc. | 0.17% | 2,900 | $244K | New |
| TOTL SS Doubleline TR Tact ETF | 0.17% | 6,075 | $244K | Reduce -12.9% |
| PBI Pitney Bowes Inc. | 0.16% | 22,044 | $241K | Add +61.1% |
| MU Micron Technology Inc. | 0.16% | 1,950 | $240K | New |
| CX Cemex Sab-Spons ADR Part Cer | 0.16% | 34,000 | $236K | No change |
| IVV iShares Core S&P 500 ETF | 0.16% | 379 | $235K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.16% | 790 | $233K | Reduce -15.9% |
| SDY SS SPDR S&P Dividend ETF | 0.16% | 1,713 | $233K | No change |
| VONV Vanguard Russell 1000 Value | 0.16% | 2,723 | $232K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $5K (not counted above)
Total filed on the 13F, all lines: $146.7M.
Portfolio Sells Q1 2025 → Q2 2025
| SMID Smith-Midland Corp. | Reduce -2.1% | 40.58% | −3.83 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.48 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.36 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -58.2% | 0.25% | −0.34 |
| CSL Carlisle Cos Inc. | Reduce -0.5% | 5.32% | −0.32 |
| HOOD Robinhood Markets Inc. Class A | Reduce -41.6% | 0.00% | −0.31 |
| AAPL Apple Inc. | Reduce -14.0% | 0.66% | −0.30 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.28 |
| LLY Eli Lilly & Co. | Reduce -4.1% | 0.82% | −0.23 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.21 |
| MYO Myomo Inc. | Sold out | 0.00% | −0.20 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.17 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.17 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.17 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.16 |
| JEPI JPMorgan Equity Premium Inco | Reduce -12.4% | 0.49% | −0.16 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.15 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -28.0% | 0.26% | −0.13 |
| JNJ Johnson & Johnson | Reduce -24.1% | 0.20% | −0.13 |
| ADTN Adtran Holdings Inc. | Sold out | 0.00% | −0.13 |
| TRAK Repositrak Inc. | Reduce -7.8% | 0.43% | −0.13 |
| NOK Nokia Corp.-Spon ADR | Sold out | 0.00% | −0.11 |
| FLOT iShares Floating Rate Bond E | Reduce -15.0% | 0.30% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -0.9% | 0.93% | −0.11 |
| HYBL SS Blackstone High Inc. ETF | Reduce -0.5% | 0.74% | −0.11 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.10 |
| LNG Cheniere Energy Inc. | Reduce -13.1% | 0.33% | −0.09 |
| GLD SPDR Gold Shares | Reduce -5.4% | 0.55% | −0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.6% | 0.56% | −0.08 |
| SCHD Schwab US DVD Equity ETF | Reduce -5.5% | 0.29% | −0.08 |
| CDNA Caredx Inc. | Reduce -23.2% | 0.23% | −0.08 |
| XLY SS Consumer Disc Select Sect | Reduce -11.9% | 0.42% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -1.4% | 0.32% | −0.08 |
| PESI Perma-Fix Environmental SVCS | Sold out | 0.00% | −0.08 |
| XLV SS Health Care Select Sector | Reduce -8.0% | 0.21% | −0.08 |
| ICAD Icad Inc. | Sold out | 0.00% | −0.07 |
| AIG American International Group | Reduce -18.5% | 0.15% | −0.07 |
| ZDGE Zedge Inc. Class B | Sold out | 0.00% | −0.07 |
| IWM iShares Russell 2000 ETF | Reduce -7.2% | 0.39% | −0.06 |
| ETN Eaton Corp. PLC | Reduce -29.6% | 0.23% | −0.06 |
| BB Blackberry Ltd. | Reduce -14.8% | 0.53% | −0.06 |
| TOTL SS Doubleline TR Tact ETF | Reduce -12.9% | 0.17% | −0.06 |
| RDNT Radnet Inc. | Reduce -22.7% | 0.17% | −0.05 |
| D Dominion Energy Inc. | Reduce -4.0% | 0.22% | −0.04 |
| RING iShares MSCI Global Gold Min | Reduce -20.3% | 0.15% | −0.04 |
| APPS Digital Turbine Inc. | Sold out | 0.00% | −0.04 |
| TLRY Tilray Brands Inc. | Reduce -26.7% | 0.02% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -15.9% | 0.16% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -2.6% | 0.20% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -3.4% | 0.37% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| WMT Walmart Inc. | Add +524.2% | 2.98% | +2.48 |
| PSIX Power Solutions Internationa | New | 0.91% | +0.91 |
| FIX Comfort Systems USA Inc. | Add +80.7% | 1.11% | +0.68 |
| ESOA Energy Services of America | New | 0.45% | +0.45 |
| AIQ Global X Art Intel & Tech | New | 0.30% | +0.30 |
| JPST JPMorgan Ultra-Short Income | Add +46.9% | 1.42% | +0.30 |
| AMZN Amazon.com Inc. | Add +36.0% | 1.10% | +0.29 |
| VRT Vertiv Holdings Co. Class A | New | 0.26% | +0.26 |
| RDDT Reddit Inc. Class A | New | 0.26% | +0.26 |
| CRDO Credo Technology Group Holdi | New | 0.26% | +0.26 |
| SHLD Global X Defense Tech ETF | New | 0.25% | +0.25 |
| XLK SS Technology Select Sector | New | 0.23% | +0.23 |
| CLS Celestica Inc. | New | 0.22% | +0.22 |
| RKLB Rocket Lab Corp. | New | 0.21% | +0.21 |
| WFC Wells Fargo & Co. | New | 0.21% | +0.21 |
| FEIM Frequency Electronics Inc. | Add +72.3% | 0.38% | +0.20 |
| CAVA Cava Group Inc. | New | 0.17% | +0.17 |
| MU Micron Technology Inc. | New | 0.16% | +0.16 |
| IVV iShares Core S&P 500 ETF | New | 0.16% | +0.16 |
| NVDA Nvidia Corp. | Add +8.3% | 0.60% | +0.16 |
| CCJ Cameco Corp. | New | 0.16% | +0.16 |
| IBIT iShares Bitcoin Trust ETF | Add +16.7% | 0.64% | +0.15 |
| EFIV SS SPDR S&P 500 ESG ETF | New | 0.15% | +0.15 |
| KEYS Keysight Technologies Inc. | New | 0.15% | +0.15 |
| NKE Nike Inc. Class B | New | 0.14% | +0.14 |
| SN Sharkninja Inc. | New | 0.14% | +0.14 |
| CDNS Cadence Design SYS Inc. | New | 0.14% | +0.14 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +7.7% | 0.49% | +0.12 |
| EME Emcor Group Inc. | Add +21.5% | 0.36% | +0.12 |
| TSLA Tesla Inc. | Add +38.8% | 0.46% | +0.11 |
| CSCO Cisco Systems Inc. | Add +53.0% | 0.32% | +0.10 |
| WGS Genedx Holdings Corp. | Add +22.5% | 1.09% | +0.10 |
| GLDD Great Lakes Dredge & Dock Co. | Add +4.5% | 0.47% | +0.10 |
| MKL Markel Group Inc. | Add +42.3% | 0.39% | +0.09 |
| LPTH Lightpath Technologies Inc. Class A | New | 0.09% | +0.09 |
| PL Planet Labs PBC | New | 0.08% | +0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +21.2% | 0.57% | +0.08 |
| JOBY Joby Aviation Inc. | New | 0.07% | +0.07 |
| WRAP Wrap Technologies Inc. | New | 0.07% | +0.07 |
| PBI Pitney Bowes Inc. | Add +61.1% | 0.16% | +0.07 |
| AMPG Amplitech Group Inc. | Add +194.0% | 0.09% | +0.07 |
| CRVO Cervomed Inc. | New | 0.06% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +30.8% | 0.27% | +0.06 |
| BFLY Butterfly Network Inc. | New | 0.05% | +0.05 |
| VUZI Vuzix Corp. | New | 0.05% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +15.6% | 0.31% | +0.04 |
| SYNX Silynxcom Ltd. | New | 0.04% | +0.04 |
| IRIX Iridex Corp. | New | 0.03% | +0.03 |
| BSIN Big SKY Industrial Inc. | New | 0.03% | +0.03 |
| CVU Cpi Aerostructures Inc. | New | 0.03% | +0.03 |
Notes & Other Activity Q1 2025 → Q2 2025
| MTEKW Maris - Tech Ltd. -23 | *W EXP 02/04/202 | New | 13,105 | $4K |
| HOVRW Pono Capital Three Inc.-A-28 | *W EXP 02/14/202 | Sold out | 20,000 | $682before exit |
| HYMCW Hycroft Mining Holding | *W EXP 05/29/202 | Sold out | 40,000 | $100before exit |
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 |