Thompson Davis & Co., Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Thompson Davis & Co., Inc. reported 147 stock positions worth $162.0 million. Its top holding was Smith-Midland (SMID) at 41.8% of the portfolio, followed by Carlisle Cos (CSL, 5.9%) and Dover (DOV, 2.2%). Compared with Q2 2025, it opened 40 new positions, sold out of 30, added to 40 and reduced 43. The biggest buy was Smith-Midland (SMID, shares +3%) and the biggest sale Walmart (WMT, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001017284
- Portfolio Value
- $162.0M (Q3 2025)
- SEC Filing
- 0001017284-25-000009 ↗ filed Nov 5, 2025
Holdings Value
Holdings 147 stocks · $162.0M
| SMID Smith-Midland Corp. | 41.75% | 1,832,843 | $67.6M | Add +3.3% |
| CSL Carlisle Cos Inc. | 5.87% | 28,882 | $9.5M | Add +38.3% |
| DOV Dover Corp. | 2.15% | 20,920 | $3.5M | No change |
| VOO Vanguard S&P 500 ETF | 2.14% | 5,670 | $3.5M | Reduce -8.4% |
| SHW The Sherwin-Williams Co. | 1.60% | 7,500 | $2.6M | No change |
| FIX Comfort Systems USA Inc. | 1.46% | 2,872 | $2.4M | Reduce -5.1% |
| JPST JPMorgan Ultra-Short Income | 1.39% | 44,525 | $2.3M | Add +8.6% |
| VIG Vanguard Dividend Apprec ETF | 1.27% | 9,530 | $2.1M | Add +13.2% |
| AMZN Amazon.com Inc. | 1.10% | 8,081 | $1.8M | Add +9.4% |
| CB Chubb Ltd. | 1.07% | 6,125 | $1.7M | No change |
| WGS Genedx Holdings Corp. | 0.99% | 14,891 | $1.6M | Reduce -14.1% |
| NVDA Nvidia Corp. | 0.96% | 8,309 | $1.6M | Add +49.2% |
| GEV GE Vernova Inc. | 0.81% | 2,125 | $1.3M | No change |
| COST Costco Wholesale Corp. | 0.77% | 1,344 | $1.2M | Reduce -2.9% |
| SPTS SS SPDR P St Term TSY ETF | 0.77% | 42,325 | $1.2M | No change |
| AAPL Apple Inc. | 0.76% | 5,033 | $1.2M | Add +6.3% |
| HYBL SS Blackstone High Inc. ETF | 0.75% | 42,464 | $1.2M | Add +12.0% |
| SPTI SS SPDR P Int Term TSY ETF | 0.73% | 40,951 | $1.2M | Reduce -10.1% |
| TSLA Tesla Inc. | 0.73% | 2,650 | $1.2M | Add +13.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.71% | 14,700 | $1.2M | Add +28.4% |
| MSFT Microsoft Corp. | 0.70% | 2,198 | $1.1M | Add +4.7% |
| COF Capital One Financial Corp. | 0.65% | 4,989 | $1.1M | New |
| GE General Electric filed as GE AEROSPACE | 0.64% | 3,469 | $1.0M | No change |
| TGEN Tecogen Inc./Waltham Ma | 0.64% | 117,953 | $1.0M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.64% | 11,297 | $1.0M | Add +17.7% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.64% | 20,301 | $1.0M | No change |
| PROF Profound Medical Corp. | 0.63% | 208,720 | $1.0M | Reduce -0.8% |
| IBIT iShares Bitcoin Trust ETF | 0.62% | 15,522 | $1.0M | Add +1.0% |
| META Meta Platforms Inc. Class A | 0.59% | 1,311 | $963K | Add +1.8% |
| ESGV Vanguard ESG US Stock ETF | 0.59% | 8,124 | $962K | No change |
| BB Blackberry Ltd. | 0.59% | 184,574 | $954K | Add +10.0% |
| GLD SPDR Gold Shares | 0.58% | 2,647 | $941K | Add +0.4% |
| LLY Eli Lilly & Co. | 0.57% | 1,201 | $916K | Reduce -21.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.57% | 1,909 | $916K | Add +1.3% |
| GOOG Alphabet Inc. Class C | 0.56% | 3,747 | $913K | Add +44.3% |
| SMH Vaneck Semiconductor ETF | 0.55% | 2,750 | $897K | New |
| EME Emcor Group Inc. | 0.54% | 1,355 | $880K | Add +36.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.52% | 4,555 | $849K | Reduce -2.7% |
| DY Dycom Industries Inc. | 0.52% | 2,910 | $849K | Reduce -55.7% |
| FEIM Frequency Electronics Inc. | 0.52% | 24,735 | $839K | Add +1.0% |
| TPC Tutor Perini Corp. | 0.48% | 11,955 | $784K | New |
| MKL Markel Group Inc. | 0.44% | 376 | $719K | Add +31.5% |
| WMT Walmart Inc. | 0.42% | 6,556 | $676K | Reduce -85.3% |
| XLY SS Consumer Disc Select Sect | 0.42% | 2,807 | $673K | Reduce -1.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.41% | 2,607 | $663K | Add +33.2% |
| VSGX Vanguard ESG Intl Stock ETF | 0.40% | 9,236 | $641K | No change |
| NFLX Netflix Inc. | 0.39% | 522 | $626K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.38% | 1,250 | $613K | Reduce -10.7% |
| IWM iShares Russell 2000 ETF | 0.37% | 2,497 | $604K | Reduce -6.9% |
| GOOGL Alphabet Inc. Class A | 0.36% | 2,396 | $583K | Add +8.0% |
| AIQ Global X Art Intel & Tech | 0.36% | 11,645 | $575K | Add +14.2% |
| XLC SS Comm Select Sector SPDR | 0.35% | 4,772 | $565K | Reduce -4.1% |
| UBER Uber Technologies Inc. | 0.35% | 5,955 | $564K | Reduce -18.9% |
| CLS Celestica Inc. | 0.32% | 2,100 | $517K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 3,565 | $515K | Reduce -17.6% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.32% | 10,890 | $511K | New |
| GILT Gilat Satellite Networks Ltd. | 0.30% | 37,300 | $486K | New |
| CRDO Credo Technology Group Holdi | 0.29% | 3,225 | $470K | Reduce -21.3% |
| SCHD Schwab US DVD Equity ETF | 0.29% | 17,151 | $468K | Add +8.4% |
| HOOD Robinhood Markets Inc. Class A | 0.29% | 3,250 | $465K | Reduce -41.1% |
| LNG Cheniere Energy Inc. | 0.29% | 1,975 | $464K | Reduce -0.5% |
| LPTH Lightpath Technologies Inc. Class A | 0.28% | 56,909 | $451K | Add +31.3% |
| PG The Procter & Gamble Co. | 0.28% | 2,933 | $451K | No change |
| V Visa Inc. Class A | 0.27% | 1,284 | $438K | Reduce -13.4% |
| JEPI JPMorgan Equity Premium Inco | 0.27% | 7,583 | $433K | Reduce -39.7% |
| XLP SS Consumer Staples Sel Sect | 0.27% | 5,486 | $430K | Reduce -1.8% |
| OUNZ Vaneck Merk Gold ETF | 0.26% | 11,400 | $424K | Add +43.0% |
| SHLD Global X Defense Tech ETF | 0.26% | 6,011 | $422K | Add +0.2% |
| FLOT iShares Floating Rate Bond E | 0.26% | 8,253 | $422K | Reduce -4.6% |
| NVT Nvent Electric PLC | 0.25% | 4,080 | $402K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.25% | 6,950 | $397K | No change |
| VRT Vertiv Holdings Co. Class A | 0.23% | 2,500 | $377K | Reduce -16.7% |
| TRAK Repositrak Inc. | 0.23% | 25,250 | $374K | Reduce -20.8% |
| XLK SS Technology Select Sector | 0.23% | 1,325 | $373K | No change |
| ORCL Oracle Corp. | 0.23% | 1,328 | $373K | Reduce -52.2% |
| RKLB Rocket Lab Corp. | 0.23% | 7,700 | $369K | Reduce -11.5% |
| FBTC Fidelity Wise Origin Bitcoin | 0.23% | 3,665 | $366K | Add +8.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 604 | $363K | Reduce -10.7% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 6,212 | $357K | Add +9.0% |
| ETN Eaton Corp. PLC | 0.22% | 950 | $356K | No change |
| JNJ Johnson & Johnson | 0.22% | 1,888 | $350K | Add +0.2% |
| CX Cemex Sab-Spons ADR Part Cer | 0.21% | 38,000 | $342K | Add +11.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 506 | $337K | Reduce -2.3% |
| RDNT Radnet Inc. | 0.20% | 4,300 | $328K | Reduce -2.8% |
| VXF Vanguard Extended Market ETF | 0.20% | 1,542 | $323K | Reduce -4.3% |
| PL Planet Labs PBC | 0.20% | 24,800 | $322K | Add +25.1% |
| GLDD Great Lakes Dredge & Dock Co. | 0.20% | 26,600 | $319K | Reduce -53.4% |
| XLV SS Health Care Select Sector | 0.19% | 2,267 | $315K | Reduce -0.8% |
| MDY State Street SPDR S&P Midcap | 0.19% | 511 | $305K | Reduce -2.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 1,047 | $295K | Add +32.5% |
| UUUU Energy Fuels Inc. | 0.18% | 19,200 | $295K | New |
| NKE Nike Inc. Class B | 0.18% | 4,175 | $291K | Add +40.9% |
| SHIM Shimmick Corp. | 0.18% | 110,000 | $287K | Add +100.0% |
| VEA Vanguard Ftse Developed ETF | 0.17% | 4,730 | $283K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.17% | 1,491 | $283K | No change |
| BW Babcock & Wilcox Enterpr | 0.17% | 96,550 | $280K | Add +221.8% |
| IONQ Ionq Inc. | 0.17% | 4,375 | $269K | New |
| SLV iShares Silver Trust | 0.16% | 6,200 | $263K | New |
| SEI Solaris Energy Infrastructur | 0.16% | 6,525 | $261K | New |
| CCJ Cameco Corp. | 0.16% | 3,075 | $258K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $17K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 43,000 | $17K | New |
Total filed on the 13F, all lines: $162.0M.
Portfolio Sells Q2 2025 → Q3 2025
| WMT Walmart Inc. | Reduce -85.3% | 0.42% | −2.56 |
| PSIX Power Solutions Internationa | Reduce -88.3% | 0.15% | −0.76 |
| DY Dycom Industries Inc. | Reduce -55.7% | 0.52% | −0.57 |
| ESOA Energy Services of America | Reduce -74.5% | 0.11% | −0.35 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.32 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.32 |
| GLDD Great Lakes Dredge & Dock Co. | Reduce -53.4% | 0.20% | −0.28 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.26 |
| VOO Vanguard S&P 500 ETF | Reduce -8.4% | 2.14% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -21.9% | 0.57% | −0.25 |
| NX Quanex Building Products | Sold out | 0.00% | −0.24 |
| CDNA Caredx Inc. | Sold out | 0.00% | −0.23 |
| JEPI JPMorgan Equity Premium Inco | Reduce -39.7% | 0.27% | −0.22 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.22 |
| PROF Profound Medical Corp. | Reduce -0.8% | 0.63% | −0.22 |
| TRAK Repositrak Inc. | Reduce -20.8% | 0.23% | −0.20 |
| ORCL Oracle Corp. | Reduce -52.2% | 0.23% | −0.18 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.17 |
| TOTL SS Doubleline TR Tact ETF | Sold out | 0.00% | −0.17 |
| COST Costco Wholesale Corp. | Reduce -2.9% | 0.77% | −0.17 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -10.1% | 0.73% | −0.16 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.16 |
| LUNR Intuitive Machines Inc. | Sold out | 0.00% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.16 |
| AIG American International Group | Sold out | 0.00% | −0.15 |
| RING iShares MSCI Global Gold Min | Sold out | 0.00% | −0.15 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.14 |
| UBER Uber Technologies Inc. | Reduce -18.9% | 0.35% | −0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -10.7% | 0.38% | −0.11 |
| WGS Genedx Holdings Corp. | Reduce -14.1% | 0.99% | −0.10 |
| V Visa Inc. Class A | Reduce -13.4% | 0.27% | −0.09 |
| JOBY Joby Aviation Inc. | Sold out | 0.00% | −0.07 |
| WRAP Wrap Technologies Inc. | Sold out | 0.00% | −0.07 |
| SOHO Sotherly Hotels Inc. | Reduce -13.6% | 0.12% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -23.1% | 0.15% | −0.06 |
| BFLY Butterfly Network Inc. | Sold out | 0.00% | −0.05 |
| TJX TJX Companies Inc. | Reduce -17.6% | 0.32% | −0.05 |
| LNG Cheniere Energy Inc. | Reduce -0.5% | 0.29% | −0.04 |
| XLP SS Consumer Staples Sel Sect | Reduce -1.8% | 0.27% | −0.04 |
| FLOT iShares Floating Rate Bond E | Reduce -4.6% | 0.26% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -2.7% | 0.52% | −0.04 |
| OESX Orion Energy Systems Inc. | Sold out | 0.00% | −0.04 |
| SYNX Silynxcom Ltd. | Sold out | 0.00% | −0.04 |
| IRIX Iridex Corp. | Sold out | 0.00% | −0.03 |
| BSIN Big SKY Industrial Inc. | Sold out | 0.00% | −0.03 |
| CVU Cpi Aerostructures Inc. | Sold out | 0.00% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.7% | 0.22% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -16.7% | 0.23% | −0.03 |
| PODC Podcastone Inc. | Sold out | 0.00% | −0.03 |
| SIF Sifco Industries | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| SMID Smith-Midland Corp. | Add +3.3% | 41.75% | +1.17 |
| COF Capital One Financial Corp. | New | 0.65% | +0.65 |
| TGEN Tecogen Inc./Waltham Ma | New | 0.64% | +0.64 |
| SMH Vaneck Semiconductor ETF | New | 0.55% | +0.55 |
| CSL Carlisle Cos Inc. | Add +38.3% | 5.87% | +0.55 |
| TPC Tutor Perini Corp. | New | 0.48% | +0.48 |
| NVDA Nvidia Corp. | Add +49.2% | 0.96% | +0.36 |
| IREN Iren Ltd. | New | 0.32% | +0.32 |
| GILT Gilat Satellite Networks Ltd. | New | 0.30% | +0.30 |
| TSLA Tesla Inc. | Add +13.7% | 0.73% | +0.27 |
| GOOG Alphabet Inc. Class C | Add +44.3% | 0.56% | +0.25 |
| LPTH Lightpath Technologies Inc. Class A | Add +31.3% | 0.28% | +0.19 |
| EME Emcor Group Inc. | Add +36.9% | 0.54% | +0.18 |
| UUUU Energy Fuels Inc. | New | 0.18% | +0.18 |
| IONQ Ionq Inc. | New | 0.17% | +0.17 |
| SLV iShares Silver Trust | New | 0.16% | +0.16 |
| SEI Solaris Energy Infrastructur | New | 0.16% | +0.16 |
| BW Babcock & Wilcox Enterpr | Add +221.8% | 0.17% | +0.15 |
| DIS The Walt Disney Co. | New | 0.15% | +0.15 |
| TSSI TSS Inc. | New | 0.15% | +0.15 |
| ET Energy Transfer LP | New | 0.15% | +0.15 |
| CLF Cleveland-Cliffs Inc. | New | 0.14% | +0.14 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +28.4% | 0.71% | +0.14 |
| CLSK Cleanspark Inc. | New | 0.14% | +0.14 |
| FEIM Frequency Electronics Inc. | Add +1.0% | 0.52% | +0.14 |
| NOC Northrop Grumman Corp. | New | 0.14% | +0.14 |
| SPIN SS US Equity Prem Inc. ETF | New | 0.13% | +0.13 |
| BWXT BWX Technologies Inc. | New | 0.13% | +0.13 |
| MTZ Mastec Inc. | New | 0.13% | +0.13 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.13% | +0.13 |
| TSEM Tower Semiconductor Ltd. | New | 0.13% | +0.13 |
| PLTR Palantir Technologies Inc. Class A | New | 0.12% | +0.12 |
| PATH Uipath Inc. Class A | New | 0.12% | +0.12 |
| PL Planet Labs PBC | Add +25.1% | 0.20% | +0.12 |
| SHIM Shimmick Corp. | Add +100.0% | 0.18% | +0.11 |
| AAPL Apple Inc. | Add +6.3% | 0.76% | +0.10 |
| VIG Vanguard Dividend Apprec ETF | Add +13.2% | 1.27% | +0.09 |
| PRME Prime Medicine Inc. | New | 0.09% | +0.09 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +33.2% | 0.41% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +8.0% | 0.36% | +0.09 |
| CIFR Cipher Digital Inc. | New | 0.09% | +0.09 |
| OUNZ Vaneck Merk Gold ETF | Add +43.0% | 0.26% | +0.09 |
| MRAM Everspin Technologies Inc. | New | 0.08% | +0.08 |
| ASYS Amtech Systems Inc. | New | 0.08% | +0.08 |
| CDLX Cardlytics Inc. | New | 0.07% | +0.07 |
| GPRO Gopro Inc. Class A | New | 0.07% | +0.07 |
| BB Blackberry Ltd. | Add +10.0% | 0.59% | +0.06 |
| MKL Markel Group Inc. | Add +31.5% | 0.44% | +0.05 |
| NXDR Nextdoor Holdings Inc. | New | 0.05% | +0.05 |
| AIQ Global X Art Intel & Tech | Add +14.2% | 0.36% | +0.05 |
Notes & Other Activity Q2 2025 → Q3 2025
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | New | 43,000 | $17K |
| MTEKW Maris - Tech Ltd. -23 | *W EXP 02/04/202 | Sold out | 13,105 | $4Kbefore exit |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | Sold out | 20,000 | $2Kbefore 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 |