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

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 Q2 2025 Q3 2025: $162.0M Q3 2025 Q4 2025: $167.0M $167.0M Q4 2025 Q1 2026: $149.9M Q1 2026 Q2 2026: $167.2M Q2 2026

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
VIK Viking Holdings Ltd. 0.18% 4,125 $295K New
RDDT Reddit Inc. Class A 0.18% 1,275 $293K New
XLF SS Financial Select Sector 0.18% 5,339 $292K New
SBUX Starbucks Corp. 0.17% 3,406 $287K New
RSP Invesco S&P 500 Equal Weight 0.17% 1,491 $286K No change
NVT Nvent Electric PLC 0.17% 2,800 $286K Reduce -31.4%
MDY State Street SPDR S&P Midcap 0.17% 470 $284K Reduce -8.0%
WFC Wells Fargo & Co. 0.17% 2,958 $276K Reduce -0.2%
TRAK Repositrak Inc. 0.16% 21,700 $268K Reduce -14.1%
PLTR Palantir Technologies Inc. Class A 0.16% 1,503 $267K Add +36.6%
CRM Salesforce Inc. 0.16% 1,000 $265K New
IVV iShares Core S&P 500 ETF 0.16% 380 $260K Add +0.3%
EFIV SS SPDR S&P 500 ESG ETF 0.15% 3,880 $257K No change
SPIN SS US Equity Prem Inc. ETF 0.15% 7,876 $255K Add +15.0%
FBTC Fidelity Wise Origin Bitcoin 0.15% 3,315 $253K Reduce -9.6%
VONV Vanguard Russell 1000 Value 0.15% 2,713 $250K Reduce -0.4%
VIOO Vanguard S&P Small-Cap 600 E 0.14% 2,175 $241K New
VYMI Vanguard Int High DVD YLD Inc. 0.14% 2,650 $239K New
SLV iShares Silver Trust 0.14% 3,661 $236K Reduce -41.0%
XOM Exxon Mobil Corp. 0.14% 1,931 $232K New
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC 0.13% 12,190 $221K New
IWM iShares Russell 2000 ETF 0.13% 892 $220K Reduce -64.3%
MTZ Mastec Inc. 0.13% 990 $215K No change
AMD Advanced Micro Devices 0.13% 975 $209K New
NOC Northrop Grumman Corp. 0.12% 361 $206K No change
GEHC GE Healthcare Technology 0.12% 2,457 $202K New
SIDU Sidus Space Inc. Class A 0.12% 61,900 $194K New
NXDR Nextdoor Holdings Inc. 0.08% 63,581 $134K Add +51.1%
CVU Cpi Aerostructures Inc. 0.07% 29,325 $116K New
PBI Pitney Bowes Inc. 0.07% 10,811 $114K Reduce -50.6%
VUZI Vuzix Corp. 0.06% 27,500 $104K Add +66.7%
NRDY Nerdy Inc. 0.06% 97,000 $101K New
ARRY Array Technologies Inc. 0.06% 10,515 $97K New
LTRX Lantronix Inc. 0.06% 16,500 $97K New
AMPG Amplitech Group Inc. 0.06% 32,266 $96K Add +9.4%
VERI Veritone Inc. 0.06% 20,400 $95K New
GNT Gamco Natural Resources Gold 0.05% 11,190 $83K New
CRVO Cervomed Inc. 0.05% 10,000 $79K Reduce -40.6%
PRME Prime Medicine Inc. 0.05% 22,740 $79K Reduce -17.5%
STRIVE INC 0.04% 100,642 $74K New
APPS Digital Turbine Inc. 0.04% 13,350 $67K New
STXS Stereotaxis Inc. 0.03% 25,199 $57K New
SLI Standard Lithium Ltd. 0.03% 11,250 $50K Reduce -8.2%
VFF Village Farms International 0.03% 11,800 $43K New
SLND Southland Holdings Inc. 0.02% 12,500 $42K Reduce -7.4%
NPWR Net Power Inc. 0.02% 18,111 $41K New
SATL Satellogic Inc. Class A 0.02% 21,665 $41K New
IRIX Iridex Corp. 0.02% 28,500 $32K New
CMBMF Cambium Networks Corp. 0.02% 20,000 $29K New
PZG Paramount Gold Nevada Corp. 0.02% 21,055 $27K New
SOHO Sotherly Hotels Inc. 0.02% 12,000 $26K Reduce -94.8%
GPRO Gopro Inc. Class A 0.01% 16,750 $24K Reduce -66.9%
KLTR Kaltura Inc. 0.01% 12,000 $20K New
XPL Solitario Resources Corp. 0.01% 20,333 $14K New
TRX TRX Gold Corp. 0.01% 14,222 $13K New
CDLX Cardlytics Inc. 0.01% 11,321 $13K Reduce -75.0%
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
SecurityClassShares / PrincipalValueChange
AMPGW Amplitech Group Inc.-CW26 *W EXP 02/26/202 32,784$3KReduce -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

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