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

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $147.6M Q1 2024 Q2 2024: $115.3M Q2 2024 Q3 2024: $135.4M Q3 2024 Q4 2024: $155.5M Q4 2024 Q1 2025: $126.8M Q1 2025 Q2 2025: $146.7M $146.7M Q2 2025 Q3 2025: $162.0M Q3 2025 Q4 2025: $167.0M Q4 2025 Q1 2026: $149.9M Q1 2026 Q2 2026: $167.2M Q2 2026

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
LUNR Intuitive Machines Inc. 0.16% 21,280 $231K Reduce -14.3%
BRK.B Berkshire Hathaway Inc. Class B 0.16% 471 $229K Add +1.3%
CCJ Cameco Corp. 0.16% 3,075 $228K New
EFIV SS SPDR S&P 500 ESG ETF 0.15% 3,880 $227K New
AIG American International Group 0.15% 2,575 $220K Reduce -18.5%
RING iShares MSCI Global Gold Min 0.15% 5,027 $220K Reduce -20.3%
KEYS Keysight Technologies Inc. 0.15% 1,300 $213K New
NKE Nike Inc. Class B 0.14% 2,963 $210K New
SN Sharkninja Inc. 0.14% 2,075 $205K New
CDNS Cadence Design SYS Inc. 0.14% 664 $205K New
AMPG Amplitech Group Inc. 0.09% 65,331 $139K Add +194.0%
LPTH Lightpath Technologies Inc. Class A 0.09% 43,350 $134K New
PL Planet Labs PBC 0.08% 19,825 $121K New
JOBY Joby Aviation Inc. 0.07% 10,000 $106K New
WRAP Wrap Technologies Inc. 0.07% 66,150 $103K New
SHIM Shimmick Corp. 0.06% 55,000 $94K Add +22.2%
CRVO Cervomed Inc. 0.06% 13,950 $88K New
BFLY Butterfly Network Inc. 0.05% 35,070 $72K New
VUZI Vuzix Corp. 0.05% 24,450 $71K New
OESX Orion Energy Systems Inc. 0.04% 96,905 $58K Add +5.4%
SLND Southland Holdings Inc. 0.04% 12,500 $52K No change
SYNX Silynxcom Ltd. 0.04% 29,999 $52K New
IRIX Iridex Corp. 0.03% 56,726 $50K New
BSIN Big SKY Industrial Inc. filed as U S ENERGY CORP DEL 0.03% 33,408 $47K New
CVU Cpi Aerostructures Inc. 0.03% 12,833 $45K New
PODC Podcastone Inc. 0.03% 15,777 $38K New
SIF Sifco Industries 0.03% 10,222 $38K New
TLRY Tilray Brands Inc. 0.02% 83,000 $34K Reduce -26.7%
LIDR Aeye Inc. 0.02% 33,331 $34K New
UROY Uranium Royalty Corp. 0.02% 13,044 $33K New
BW Babcock & Wilcox Enterpr 0.02% 30,000 $29K No change
BTBT Bit Digital Inc. 0.02% 11,140 $28K New
SLI Standard Lithium Ltd. 0.01% 10,250 $20K New
BRN Barnwell Industries Inc. 0.01% 17,777 $20K New
DCGO Docgo Inc. 0.01% 11,000 $17K New
EONR Eon Resources Inc. 0.01% 25,001 $9K New
HOOD Robinhood Markets Inc. Class A 0.00% 5,520 $2K Reduce -41.6%
Other holdings (2): bonds, preferreds, convertibles and warrants · $5K (not counted above)
SecurityClassShares / PrincipalValueChange
MTEKW Maris - Tech Ltd. -23 *W EXP 02/04/202 13,105$4KNew
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 20,000$2KNo change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 168$167.2MSMID, CSL, DOV, JPST, VOO
Q1 2026 141$149.9MSMID, CSL, DOV, VOO, FIX
Q4 2025 156$167.0MSMID, CSL, DOV, VOO, SHW
Q3 2025 147$162.0MSMID, CSL, DOV, VOO, SHW
Q2 2025Amended 137$146.7MSMID, CSL, WMT, DOV, VOO
Q1 2025 122$126.8MSMID, CSL, DOV, VOO, SHW
Q4 2024 126$155.5MSMID, CSL, DOV, VOO, SHW
Q3 2024 123$135.4MSMID, CSL, DOV, SHW, VOO
Q2 2024 111$115.3MSMID, CSL, ESOA, DOV, VOO
Q1 2024 116$147.6MSMID, ESOA, CSL, DOV, SHW