Thompson Davis & Co., Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Thompson Davis & Co., Inc. reported 156 stock positions worth $167.0 million. Its top holding was Smith-Midland (SMID) at 39.9% of the portfolio, followed by Carlisle Cos (CSL, 5.5%) and Dover (DOV, 2.4%). Compared with Q3 2025, it opened 38 new positions, sold out of 29, added to 41 and reduced 53. The biggest buy was Profound Medical (PROF, shares +4%) and the biggest sale Blackberry (BB, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001017284
- Portfolio Value
- $167.0M (Q4 2025)
- SEC Filing
- 0001017284-26-000001 ↗ filed Jan 12, 2026
Holdings Value
Holdings 156 stocks · $167.0M
| SMID Smith-Midland Corp. | 39.91% | 1,834,327 | $66.7M | Add +0.1% |
| CSL Carlisle Cos Inc. | 5.55% | 28,982 | $9.3M | Add +0.3% |
| DOV Dover Corp. | 2.45% | 20,920 | $4.1M | No change |
| VOO Vanguard S&P 500 ETF | 2.31% | 6,143 | $3.9M | Add +8.3% |
| SHW The Sherwin-Williams Co. | 1.45% | 7,500 | $2.4M | No change |
| FIX Comfort Systems USA Inc. | 1.41% | 2,529 | $2.4M | Reduce -11.9% |
| JPST JPMorgan Ultra-Short Income | 1.30% | 42,992 | $2.2M | Reduce -3.4% |
| VIG Vanguard Dividend Apprec ETF | 1.26% | 9,545 | $2.1M | Add +0.2% |
| WGS Genedx Holdings Corp. | 1.16% | 14,891 | $1.9M | No change |
| CB Chubb Ltd. | 1.14% | 6,125 | $1.9M | No change |
| AMZN Amazon.com Inc. | 1.13% | 8,171 | $1.9M | Add +1.1% |
| NVDA Nvidia Corp. | 1.06% | 9,473 | $1.8M | Add +14.0% |
| PROF Profound Medical Corp. | 1.02% | 216,735 | $1.7M | Add +3.8% |
| SPTS SS SPDR P St Term TSY ETF | 0.98% | 55,800 | $1.6M | Add +31.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.93% | 17,050 | $1.6M | Add +50.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.84% | 17,450 | $1.4M | Add +18.7% |
| GEV GE Vernova Inc. | 0.83% | 2,119 | $1.4M | Reduce -0.3% |
| AAPL Apple Inc. | 0.81% | 4,978 | $1.4M | Reduce -1.1% |
| FEIM Frequency Electronics Inc. | 0.78% | 24,235 | $1.3M | Reduce -2.0% |
| LLY Eli Lilly & Co. | 0.77% | 1,200 | $1.3M | Reduce -0.1% |
| HYBL SS Blackstone High Inc. ETF | 0.75% | 44,027 | $1.3M | Add +3.7% |
| SPTI SS SPDR P Int Term TSY ETF | 0.71% | 40,869 | $1.2M | Reduce -0.2% |
| COF Capital One Financial Corp. | 0.68% | 4,700 | $1.1M | Reduce -5.8% |
| COST Costco Wholesale Corp. | 0.68% | 1,309 | $1.1M | Reduce -2.6% |
| GOOG Alphabet Inc. Class C | 0.68% | 3,597 | $1.1M | Reduce -4.0% |
| TSLA Tesla Inc. | 0.67% | 2,480 | $1.1M | Reduce -6.4% |
| GE General Electric filed as GE AEROSPACE | 0.64% | 3,444 | $1.1M | Reduce -0.7% |
| GLD SPDR Gold Shares | 0.63% | 2,640 | $1.0M | Reduce -0.3% |
| MSFT Microsoft Corp. | 0.62% | 2,152 | $1.0M | Reduce -2.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.62% | 20,301 | $1.0M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.60% | 5,232 | $999K | Add +14.9% |
| SMH Vaneck Semiconductor ETF | 0.59% | 2,751 | $991K | Add +0.0% |
| ESGV Vanguard ESG US Stock ETF | 0.59% | 8,124 | $983K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.58% | 1,973 | $962K | Add +3.4% |
| META Meta Platforms Inc. Class A | 0.55% | 1,396 | $921K | Add +6.5% |
| MKL Markel Group Inc. | 0.53% | 411 | $884K | Add +9.3% |
| DY Dycom Industries Inc. | 0.53% | 2,605 | $880K | Reduce -10.5% |
| TPC Tutor Perini Corp. | 0.49% | 12,286 | $823K | Add +2.8% |
| OUNZ Vaneck Merk Gold ETF | 0.46% | 18,700 | $776K | Add +64.0% |
| WMT Walmart Inc. | 0.45% | 6,756 | $753K | Add +3.0% |
| XLY SS Consumer Disc Select Sect | 0.42% | 5,820 | $695K | Add +3.7% |
| LPTH Lightpath Technologies Inc. Class A | 0.41% | 63,600 | $687K | Add +11.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.40% | 2,607 | $672K | No change |
| VSGX Vanguard ESG Intl Stock ETF | 0.40% | 9,236 | $661K | No change |
| IBIT iShares Bitcoin Trust ETF | 0.38% | 12,922 | $642K | Reduce -16.8% |
| GOOGL Alphabet Inc. Class A | 0.38% | 2,042 | $639K | Reduce -14.8% |
| CLS Celestica Inc. | 0.37% | 2,100 | $621K | No change |
| KEYS Keysight Technologies Inc. | 0.36% | 2,970 | $603K | Add +128.5% |
| TGEN Tecogen Inc./Waltham Ma | 0.36% | 120,450 | $595K | Add +2.1% |
| XLC SS Comm Select Sector SPDR | 0.35% | 4,997 | $588K | Add +4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.35% | 3,815 | $586K | Add +7.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.35% | 1,250 | $586K | No change |
| BW Babcock & Wilcox Enterpr | 0.35% | 91,325 | $579K | Reduce -5.4% |
| RKLB Rocket Lab Corp. | 0.32% | 7,700 | $537K | No change |
| CSCO Cisco Systems Inc. | 0.32% | 6,834 | $526K | New |
| VRT Vertiv Holdings Co. Class A | 0.30% | 3,140 | $509K | Add +25.6% |
| NFLX Netflix Inc. | 0.29% | 5,220 | $489K | No change |
| GILT Gilat Satellite Networks Ltd. | 0.29% | 36,800 | $476K | Reduce -1.3% |
| V Visa Inc. Class A | 0.28% | 1,356 | $476K | Add +5.6% |
| PL Planet Labs PBC | 0.28% | 24,050 | $474K | Reduce -3.0% |
| SCHD Schwab US DVD Equity ETF | 0.28% | 17,091 | $469K | Reduce -0.3% |
| CRDO Credo Technology Group Holdi | 0.28% | 3,225 | $464K | No change |
| EME Emcor Group Inc. | 0.27% | 750 | $459K | Reduce -44.6% |
| BB Blackberry Ltd. | 0.27% | 116,031 | $455K | Reduce -37.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.26% | 7,375 | $427K | Add +6.1% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.25% | 7,260 | $422K | Add +16.9% |
| XLP SS Consumer Staples Sel Sect | 0.25% | 5,394 | $419K | Reduce -1.7% |
| FLOT iShares Floating Rate Bond E | 0.24% | 8,014 | $408K | Reduce -2.9% |
| JEPI JPMorgan Equity Premium Inco | 0.24% | 7,050 | $404K | Reduce -7.0% |
| PG The Procter & Gamble Co. | 0.24% | 2,793 | $400K | Reduce -4.8% |
| ESOA Energy Services of America | 0.23% | 47,950 | $392K | Add +180.4% |
| JNJ Johnson & Johnson | 0.23% | 1,892 | $392K | Add +0.2% |
| CX Cemex Sab-Spons ADR Part Cer | 0.23% | 34,000 | $391K | Reduce -10.5% |
| SHLD Global X Defense Tech ETF | 0.23% | 6,011 | $389K | No change |
| NX Quanex Building Products | 0.23% | 24,810 | $382K | New |
| XLK SS Technology Select Sector | 0.23% | 2,650 | $382K | No change |
| VCLT Vanguard Long-Term Corp. Bond | 0.23% | 5,000 | $379K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.22% | 606 | $372K | Add +0.3% |
| PPIH Perma-Pipe International Hol | 0.22% | 12,055 | $366K | New |
| SHIM Shimmick Corp. | 0.22% | 124,722 | $364K | Add +13.4% |
| UBER Uber Technologies Inc. | 0.22% | 4,435 | $362K | Reduce -25.5% |
| XLV SS Health Care Select Sector | 0.22% | 2,334 | $361K | Add +3.0% |
| TKO Tko Group Holdings Inc. | 0.21% | 1,685 | $352K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 504 | $344K | Reduce -0.4% |
| GLDD Great Lakes Dredge & Dock Co. | 0.20% | 26,025 | $341K | Reduce -2.2% |
| TSEM Tower Semiconductor Ltd. | 0.20% | 2,900 | $341K | No change |
| HOOD Robinhood Markets Inc. Class A | 0.20% | 3,000 | $339K | Reduce -7.7% |
| ORCL Oracle Corp. | 0.20% | 1,711 | $333K | Add +28.8% |
| AIQ Global X Art Intel & Tech | 0.20% | 6,405 | $326K | Reduce -45.0% |
| MU Micron Technology Inc. | 0.19% | 1,139 | $325K | Reduce -19.3% |
| TEVA Teva Pharmaceutical-SP ADR | 0.19% | 10,400 | $325K | No change |
| SIVR Abrdn Physical Silver Shares | 0.19% | 4,725 | $320K | New |
| ELVA Electrovaya Inc. | 0.19% | 40,200 | $318K | New |
| LNG Cheniere Energy Inc. | 0.19% | 1,625 | $316K | Reduce -17.7% |
| VXF Vanguard Extended Market ETF | 0.19% | 1,492 | $312K | Reduce -3.2% |
| RDNT Radnet Inc. | 0.18% | 4,300 | $307K | No change |
| ETN Eaton Corp. PLC | 0.18% | 950 | $303K | No change |
| VEA Vanguard Ftse Developed ETF | 0.18% | 4,730 | $295K | No change |
| SEI Solaris Energy Infrastructur | 0.18% | 6,425 | $295K | Reduce -1.5% |
| GS Goldman Sachs Group Inc. | 0.18% | 335 | $295K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 32,784 | $3K | Reduce -23.8% |
Total filed on the 13F, all lines: $167.0M.
Portfolio Sells Q3 2025 → Q4 2025
| BB Blackberry Ltd. | Reduce -37.1% | 0.27% | −0.32 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.32 |
| EME Emcor Group Inc. | Reduce -44.6% | 0.27% | −0.27 |
| IWM iShares Russell 2000 ETF | Reduce -64.3% | 0.13% | −0.24 |
| IBIT iShares Bitcoin Trust ETF | Reduce -16.8% | 0.38% | −0.24 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.18 |
| UUUU Energy Fuels Inc. | Sold out | 0.00% | −0.18 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.18 |
| IONQ Ionq Inc. | Sold out | 0.00% | −0.17 |
| AIQ Global X Art Intel & Tech | Reduce -45.0% | 0.20% | −0.16 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.16 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.15 |
| TSSI TSS Inc. | Sold out | 0.00% | −0.15 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.15 |
| PSIX Power Solutions Internationa | Sold out | 0.00% | −0.15 |
| CLF Cleveland-Cliffs Inc. | Sold out | 0.00% | −0.14 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.14 |
| CLSK Cleanspark Inc. | Sold out | 0.00% | −0.14 |
| UBER Uber Technologies Inc. | Reduce -25.5% | 0.22% | −0.13 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.13 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.12 |
| SOHO Sotherly Hotels Inc. | Reduce -94.8% | 0.02% | −0.10 |
| LNG Cheniere Energy Inc. | Reduce -17.7% | 0.19% | −0.10 |
| JPST JPMorgan Ultra-Short Income | Reduce -3.4% | 1.30% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -2.6% | 0.68% | −0.09 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −0.09 |
| PBI Pitney Bowes Inc. | Reduce -50.6% | 0.07% | −0.08 |
| HOOD Robinhood Markets Inc. Class A | Reduce -7.7% | 0.20% | −0.08 |
| MRAM Everspin Technologies Inc. | Sold out | 0.00% | −0.08 |
| MSFT Microsoft Corp. | Reduce -2.1% | 0.62% | −0.08 |
| NVT Nvent Electric PLC | Reduce -31.4% | 0.17% | −0.08 |
| ASYS Amtech Systems Inc. | Sold out | 0.00% | −0.08 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -9.6% | 0.15% | −0.07 |
| TRAK Repositrak Inc. | Reduce -14.1% | 0.16% | −0.07 |
| CDLX Cardlytics Inc. | Reduce -75.0% | 0.01% | −0.06 |
| TSLA Tesla Inc. | Reduce -6.4% | 0.67% | −0.06 |
| GPRO Gopro Inc. Class A | Reduce -66.9% | 0.01% | −0.05 |
| FIX Comfort Systems USA Inc. | Reduce -11.9% | 1.41% | −0.05 |
| PRME Prime Medicine Inc. | Reduce -17.5% | 0.05% | −0.05 |
| SMRT Smartrent Inc. | Sold out | 0.00% | −0.05 |
| JELD Jeld-Wen Holding Inc. | Sold out | 0.00% | −0.04 |
| RR Richtech Robotics Inc. Class B | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -4.8% | 0.24% | −0.04 |
| LITS Lite Strategy Inc. | Sold out | 0.00% | −0.04 |
| CRVO Cervomed Inc. | Reduce -40.6% | 0.05% | −0.04 |
| BTCS BTCS Inc. | Sold out | 0.00% | −0.04 |
| NTWK Netsol Technologies Inc. | Sold out | 0.00% | −0.03 |
| LPRO Open Lending Corp. | Sold out | 0.00% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -7.0% | 0.24% | −0.03 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -0.2% | 0.71% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| PROF Profound Medical Corp. | Add +3.8% | 1.02% | +0.39 |
| CSCO Cisco Systems Inc. | New | 0.32% | +0.32 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +50.9% | 0.93% | +0.29 |
| NX Quanex Building Products | New | 0.23% | +0.23 |
| VCLT Vanguard Long-Term Corp. Bond | New | 0.23% | +0.23 |
| KEYS Keysight Technologies Inc. | Add +128.5% | 0.36% | +0.22 |
| PPIH Perma-Pipe International Hol | New | 0.22% | +0.22 |
| SPTS SS SPDR P St Term TSY ETF | Add +31.8% | 0.98% | +0.21 |
| TKO Tko Group Holdings Inc. | New | 0.21% | +0.21 |
| OUNZ Vaneck Merk Gold ETF | Add +64.0% | 0.46% | +0.20 |
| SIVR Abrdn Physical Silver Shares | New | 0.19% | +0.19 |
| ELVA Electrovaya Inc. | New | 0.19% | +0.19 |
| GS Goldman Sachs Group Inc. | New | 0.18% | +0.18 |
| VIK Viking Holdings Ltd. | New | 0.18% | +0.18 |
| RDDT Reddit Inc. Class A | New | 0.18% | +0.18 |
| XLF SS Financial Select Sector | New | 0.18% | +0.18 |
| SBUX Starbucks Corp. | New | 0.17% | +0.17 |
| VOO Vanguard S&P 500 ETF | Add +8.3% | 2.31% | +0.16 |
| CRM Salesforce Inc. | New | 0.16% | +0.16 |
| VIOO Vanguard S&P Small-Cap 600 E | New | 0.14% | +0.14 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 0.14% | +0.14 |
| XOM Exxon Mobil Corp. | New | 0.14% | +0.14 |
| LPTH Lightpath Technologies Inc. Class A | Add +11.8% | 0.41% | +0.13 |
| VISN Vistance Networks Inc. | New | 0.13% | +0.13 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +18.7% | 0.84% | +0.13 |
| ESOA Energy Services of America | Add +180.4% | 0.23% | +0.13 |
| AMD Advanced Micro Devices | New | 0.13% | +0.13 |
| GEHC GE Healthcare Technology | New | 0.12% | +0.12 |
| SIDU Sidus Space Inc. Class A | New | 0.12% | +0.12 |
| NVDA Nvidia Corp. | Add +14.0% | 1.06% | +0.10 |
| MKL Markel Group Inc. | Add +9.3% | 0.53% | +0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +14.9% | 0.60% | +0.07 |
| VRT Vertiv Holdings Co. Class A | Add +25.6% | 0.30% | +0.07 |
| CVU Cpi Aerostructures Inc. | New | 0.07% | +0.07 |
| NRDY Nerdy Inc. | New | 0.06% | +0.06 |
| ARRY Array Technologies Inc. | New | 0.06% | +0.06 |
| LTRX Lantronix Inc. | New | 0.06% | +0.06 |
| VERI Veritone Inc. | New | 0.06% | +0.06 |
| GNT Gamco Natural Resources Gold | New | 0.05% | +0.05 |
| STRIVE INC | New | 0.04% | +0.04 |
| SHIM Shimmick Corp. | Add +13.4% | 0.22% | +0.04 |
| APPS Digital Turbine Inc. | New | 0.04% | +0.04 |
| SMH Vaneck Semiconductor ETF | Add +0.0% | 0.59% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +36.6% | 0.16% | +0.04 |
| STXS Stereotaxis Inc. | New | 0.03% | +0.03 |
| AMZN Amazon.com Inc. | Add +1.1% | 1.13% | +0.03 |
| WMT Walmart Inc. | Add +3.0% | 0.45% | +0.03 |
| TJX TJX Companies Inc. | Add +7.0% | 0.35% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | Add +16.9% | 0.25% | +0.03 |
| VUZI Vuzix Corp. | Add +66.7% | 0.06% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | Reduce -23.8% | 32,784 | $3K |
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 |