Todd Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Todd Asset Management LLC reported 164 stock positions worth $4.2 billion. Its top holding was United Rentals (URI) at 1.8% of the portfolio, followed by Shell PLC-ADR (SHEL, 1.8%) and American Express (AXP, 1.7%). Compared with Q3 2024, it opened 7 new positions, sold out of 17, added to 77 and reduced 50. The biggest buy was a new position in Teva Pharmaceutical-SP ADR (TEVA) and the biggest sale an exit from Astrazeneca PLC-Spons ADR (AZN).

Most Recent 13F
Q2 2026
Location
Louisville, KY
CIK
0001071483
Portfolio Value
$4.2B (Q4 2024)
SEC Filing
0001172661-25-000489 ↗ filed Feb 4, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $4.9B Q1 2024 Q2 2024: $4.8B Q2 2024 Q3 2024: $4.3B Q3 2024 Q4 2024: $4.2B $4.2B Q4 2024 Q1 2025: $4.2B Q1 2025 Q2 2025: $4.6B Q2 2025 Q3 2025: $4.9B Q3 2025 Q4 2025: $5.1B Q4 2025 Q1 2026: $5.1B Q1 2026 Q2 2026: $5.6B Q2 2026

Holdings 164 stocks · $4.2B
URI United Rentals Inc. 1.84% 109,102 $76.9M Reduce -10.2%
SHEL Shell PLC-ADR 1.82% 1,214,321 $76.1M Add +1.2%
AXP American Express Co. 1.71% 240,070 $71.3M Add +58.2%
QCOM Qualcomm Inc. 1.68% 455,603 $70.0M Add +21.0%
FITB Fifth Third Bancorp 1.66% 1,639,030 $69.3M Reduce -0.9%
CB Chubb Ltd. 1.66% 250,237 $69.1M Add +1.6%
AZO AutoZone Inc. 1.62% 21,125 $67.6M Add +0.6%
TTE Totalenergies SE -Spon ADR 1.54% 1,178,840 $64.2M Add +1.2%
JBL Jabil Inc. 1.52% 442,113 $63.6M Add +0.9%
RIO Rio Tinto PLC-Spon ADR 1.50% 1,068,182 $62.8M Add +0.9%
CFG Citizens Financial Group 1.49% 1,421,913 $62.2M Add +0.2%
JPM JPMorgan Chase & Co. 1.44% 250,797 $60.1M Reduce -28.2%
PGR Progressive Corp. 1.42% 246,743 $59.1M Reduce -3.2%
TEVA Teva Pharmaceutical-SP ADR 1.40% 2,642,588 $58.2M New
CRH CRH PLC 1.38% 622,162 $57.6M Add +0.6%
AVGO Broadcom Inc. 1.38% 248,068 $57.5M Reduce -15.3%
MAS Masco Corp. 1.32% 761,907 $55.3M Reduce -5.0%
AMP Ameriprise Financial Inc. 1.29% 100,786 $53.7M Add +1.6%
NXPI NXP Semiconductors NV 1.28% 256,737 $53.4M Reduce -8.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.25% 236,780 $52.1M Add +1.6%
AER Aercap Holdings NV 1.20% 523,978 $50.1M Add +1.1%
APO Apollo Global Management Inc. 1.18% 298,409 $49.3M Reduce -15.4%
CMI Cummins Inc. 1.17% 140,320 $48.9M Add +1.7%
MS Morgan Stanley 1.16% 386,686 $48.6M Reduce -10.3%
MUFG Mitsubishi Ufj Finl-Spon ADR 1.14% 4,069,663 $47.7M Add +0.6%
DELL Dell Technologies -C 1.12% 406,149 $46.8M Add +1.6%
BCS Barclays PLC-Spons ADR 1.11% 3,484,974 $46.3M Add +0.5%
TPR Tapestry Inc. 1.11% 707,043 $46.2M Add +1.6%
FISV Fiserv Inc. 1.08% 219,895 $45.2M Reduce -15.9%
OKE Oneok Inc. 1.08% 448,631 $45.0M Reduce -13.7%
DKS Dick's Sporting Goods Inc. 1.05% 191,813 $43.9M Add +1.6%
ING ING Groep N.V.-Sponsored ADR 1.04% 2,771,941 $43.4M Add +1.6%
PH Parker Hannifin Corp. 1.03% 67,587 $43.0M Reduce -13.9%
NWG Natwest Group PLC -Spon ADR 1.01% 4,135,388 $42.1M Add +0.3%
ORCL Oracle Corp. 1.00% 251,557 $41.9M Add +1.6%
J Jacobs Solutions Inc. 1.00% 312,772 $41.8M Add +1.7%
HCA HCA Healthcare Inc. 0.98% 136,917 $41.1M Add +1.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.98% 931,842 $41.0M Add +1.6%
ABBV Abbvie Inc. 0.98% 229,376 $40.8M Add +1.1%
SAN Banco Santander SA-Spon ADR 0.97% 8,896,192 $40.6M Add +0.5%
NVR NVR Inc. 0.96% 4,922 $40.3M Add +1.6%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.96% 702,750 $40.0M Reduce -0.4%
EMN Eastman Chemical Co. 0.95% 434,404 $39.7M Add +1.6%
TSM Taiwan Semiconductor-SP ADR 0.94% 199,527 $39.4M Add +13.4%
GOOGL Alphabet Inc. Class A 0.93% 205,438 $38.9M Add +37.2%
MO Altria Group Inc. 0.92% 735,249 $38.4M Add +1.6%
NVS Novartis AG-Sponsored ADR 0.91% 391,181 $38.1M Reduce -0.8%
PBR Petroleo Brasileiro-Spon ADR 0.90% 2,937,196 $37.8M Reduce -0.7%
SLF Sun Life Financial Inc. 0.90% 635,702 $37.7M Add +6.2%
FSLR First Solar Inc. 0.90% 212,596 $37.5M Add +24.8%
IX Orix - Sponsored ADR filed as ORIX CORP 0.88% 346,220 $36.8M Add +0.7%
DOX Amdocs Ltd. 0.87% 428,830 $36.5M Add +0.4%
TXT Textron Inc. 0.86% 470,292 $36.0M Add +1.8%
AMGN Amgen Inc. 0.82% 131,453 $34.3M Add +1.7%
LULU Lululemon Athletica Inc. 0.82% 89,018 $34.0M New
CTSH Cognizant Tech Solutions-A 0.80% 436,509 $33.6M Add +24.4%
SNY Sanofi-ADR 0.76% 655,108 $31.6M Reduce -0.6%
BWA Borgwarner Inc. 0.76% 992,166 $31.5M Add +33.6%
DECK Deckers Outdoor Corp. 0.75% 153,398 $31.2M New
RCL Royal Caribbean Cruises Ltd. 0.74% 134,777 $31.1M Add +0.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.74% 800,752 $30.7M Reduce -1.0%
SYF Synchrony Financial 0.72% 464,695 $30.2M Add +5.6%
MFC Manulife Financial Corp. 0.72% 982,237 $30.2M Add +34.4%
EXPE Expedia Group Inc. 0.72% 160,250 $29.9M Reduce -7.2%
WFC Wells Fargo & Co. 0.70% 417,315 $29.3M Add +19.2%
ON On Semiconductor 0.70% 464,187 $29.3M Add +1.1%
NFLX Netflix Inc. 0.70% 32,691 $29.1M Add +4.2%
UNH Unitedhealth Group Inc. 0.69% 56,816 $28.7M Add +1.6%
NTES Netease Inc.-ADR 0.68% 319,654 $28.5M Add +1.5%
VIPS Vipshop Holdings Ltd. - ADR 0.68% 2,110,710 $28.4M Add +19.0%
SKX Skechers USA Inc. Class A 0.68% 421,632 $28.4M Add +1.6%
BKNG Booking Holdings Inc. 0.68% 5,682 $28.2M Add +5.8%
RL Ralph Lauren Corp. 0.67% 121,217 $28.0M Reduce -2.3%
GM General Motors Co. 0.66% 514,080 $27.4M Add +14.0%
ULTA Ulta Beauty Inc. 0.64% 61,762 $26.9M Add +12.7%
HDB HDFC Bank Ltd.-ADR 0.64% 419,173 $26.8M Add +0.6%
VZ Verizon Communications Inc. 0.64% 666,461 $26.7M Add +40.0%
FOXA Fox Corp. Class A 0.64% 547,322 $26.6M Reduce -11.8%
ZTO Zto Express Cayman Inc.-ADR 0.63% 1,345,583 $26.3M Add +36.5%
BABA Alibaba Group Holding-SP ADR 0.63% 309,235 $26.2M Add +5.1%
STT State Street Corp. 0.63% 266,999 $26.2M Reduce -7.6%
KLAC KLA Corp. 0.63% 41,517 $26.2M Add +1.6%
ITUB Itau Unibanco H-Spon PRF ADR 0.62% 5,252,444 $26.1M Reduce -0.8%
AKAM Akamai Technologies Inc. 0.62% 269,238 $25.8M Add +1.6%
HD Home Depot Inc. 0.61% 65,994 $25.7M Add +1.5%
GEHC GE Healthcare Technology 0.60% 319,260 $25.0M Add +1.6%
KR Kroger Co. 0.60% 406,815 $24.9M Reduce -1.8%
KEY Keycorp 0.58% 1,411,527 $24.2M Reduce -4.7%
VALE Vale SA-SP ADR 0.58% 2,713,169 $24.1M Reduce -11.7%
INCY Incyte Corp. 0.57% 345,710 $23.9M Reduce -3.6%
AIG American International Group 0.56% 318,934 $23.2M Add +12.7%
NRG NRG Energy Inc. 0.54% 251,290 $22.7M Reduce -7.6%
JD Jd.com Inc.-ADR 0.54% 651,382 $22.6M Add +0.3%
RTX RTX Corp. 0.53% 190,461 $22.0M Reduce -11.5%
MCK McKesson Corp. 0.52% 38,421 $21.9M Add +3996.1%
SRE Sempra 0.52% 247,833 $21.7M Add +87.8%
CDW CDW Corp. 0.51% 123,315 $21.5M Reduce -8.5%
PSX Phillips 66 0.51% 187,841 $21.4M Reduce -48.3%
MRK Merck & Co. Inc. 0.51% 214,765 $21.4M Reduce -29.1%
BTI British American Tob-SP ADR 0.51% 584,642 $21.2M Add +6.6%
PDD PDD Holdings Inc. 0.50% 216,510 $21.0M Add +19.0%
BBY Best Buy Co. Inc. 0.50% 241,054 $20.7M Reduce -11.2%
SONY Sony Group Corp. - SP ADR 0.48% 952,097 $20.1M Add +1.8%
HII Huntington Ingalls Industrie 0.48% 105,725 $20.0M Add +33.0%
DLR Digital Realty Trust Inc. 0.38% 88,505 $15.7M Add +68.8%
LYB Lyondellbasell Indu Class A 0.37% 206,391 $15.3M Reduce -41.6%
BIDU Baidu Inc. - Spon ADR 0.36% 176,338 $14.9M Add +44.4%
BP BP PLC-Spons ADR 0.34% 485,073 $14.3M Reduce -7.9%
AMX America Movil Sab DE CV 0.28% 811,511 $11.6M Reduce -0.5%
ACWX iShares MSCI Acwi Ex US ETF 0.27% 218,728 $11.4M Add +282.3%
UL Unilever PLC 0.13% 96,299 $5.5M Add +18.8%
FLEX Flex Ltd. 0.12% 131,718 $5.1M Reduce -8.7%
MSFT Microsoft Corp. 0.12% 11,551 $4.9M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.11% 8,017 $4.7M New
AAPL Apple Inc. 0.10% 17,266 $4.3M No change
EQNR Equinor ASA-Spon ADR 0.10% 178,432 $4.2M Add +6.5%
ALKS Alkermes PLC 0.09% 133,560 $3.8M Reduce -18.8%
NVDA Nvidia Corp. 0.09% 28,200 $3.8M No change
KT KT Corp.-SP ADR 0.09% 234,760 $3.6M Reduce -8.6%
ALV Autoliv Inc. 0.08% 37,700 $3.5M New
KGC Kinross Gold Corp. 0.08% 358,300 $3.3M Reduce -3.0%
LOGI Logitech International-Reg 0.08% 39,570 $3.3M Add +6.7%
SKM SK Telecom Co. Ltd.-Spon ADR 0.08% 154,020 $3.2M Reduce -4.2%
HBM Hudbay Minerals Inc. 0.08% 395,700 $3.2M Add +31.2%
E Eni SPA-Sponsored ADR 0.08% 117,000 $3.2M Add +4.7%
PHM Pultegroup Inc. 0.06% 23,438 $2.6M No change
TXRH Texas Roadhouse Inc. 0.06% 13,412 $2.4M No change
PM Philip Morris International 0.05% 17,639 $2.1M No change
CVX Chevron Corp. 0.05% 14,499 $2.1M Reduce -4.2%
XOM Exxon Mobil Corp. 0.05% 19,089 $2.1M No change
TEL Te Connectivity PLC 0.04% 11,160 $1.6M No change
MCD McDonald's Corp. 0.03% 4,308 $1.2M No change
LNC Lincoln National Corp. 0.03% 38,434 $1.2M No change
COP Conocophillips 0.03% 12,125 $1.2M Reduce -91.9%
ELV Elevance Health Inc. 0.03% 3,202 $1.2M Reduce -95.4%
GILD Gilead Sciences Inc. 0.03% 12,506 $1.2M No change
UNP Union Pacific Corp. 0.03% 4,905 $1.1M No change
OHI Omega Healthcare Investors 0.03% 28,739 $1.1M No change
IQV Iqvia Holdings Inc. 0.02% 5,208 $1.0M No change
GIS General Mills Inc. 0.02% 15,998 $1.0M Reduce -4.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.02% 18,775 $1.0M No change
MMM 3M Co. 0.02% 7,075 $913K Reduce -27.6%
HBAN Huntington Bancshares Inc. 0.02% 52,607 $856K No change
TFC Truist Financial Corp. 0.02% 18,927 $821K No change
ITW Illinois Tool Works 0.02% 3,159 $801K Reduce -4.4%
PFE Pfizer Inc. 0.01% 23,631 $627K Reduce -14.5%
BLK BlackRock Inc. 0.01% 528 $541K No change
ROST Ross Stores Inc. 0.01% 3,544 $536K No change
JCI Johnson Controls Internation 0.01% 6,319 $499K Reduce -5.9%
PHG Koninklijke Philips NVR- NY 0.01% 19,122 $484K Reduce -5.9%
JNJ Johnson & Johnson 0.01% 3,288 $476K No change
PG The Procter & Gamble Co. 0.01% 2,754 $462K No change
BSV Vanguard Short-Term Bond ETF 0.01% 5,192 $401K No change
CSCO Cisco Systems Inc. 0.01% 6,626 $392K No change
CWI State Street SPDR MSCI Acwi 0.01% 13,696 $383K New
EMR Emerson Electric Co. 0.01% 2,918 $362K No change
AON Aon PLC Class A 0.01% 921 $331K No change
BMY Bristol-Myers Squibb Co. 0.01% 5,759 $326K New
MPC Marathon Petroleum Corp. 0.01% 1,955 $273K Reduce -3.7%
CARR Carrier Global Corp. 0.01% 3,785 $258K No change
SYBT Stock Yards Bancorp Inc. 0.01% 3,518 $252K No change
EIM Eaton Vance Municipal Bond 0.01% 22,829 $237K No change
MUB iShares National Muni Bond E 0.01% 2,218 $236K No change
TIP iShares Tips Bond ETF 0.01% 2,060 $219K No change

Portfolio Sells Q3 2024 → Q4 2024
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.99
ELV Elevance Health Inc. Reduce -95.4% 0.03% −0.81
LOW Lowe's Cos Inc. Sold out 0.00% −0.62
PSX Phillips 66 Reduce -48.3% 0.51% −0.60
UBS UBS Group AG-Reg Sold out 0.00% −0.52
URI United Rentals Inc. Reduce -10.2% 1.84% −0.45
LYB Lyondellbasell Indu Class A Reduce -41.6% 0.37% −0.42
FANG Diamondback Energy Inc. Sold out 0.00% −0.41
ICLR Icon PLC Sold out 0.00% −0.36
COP Conocophillips Reduce -91.9% 0.03% −0.34
MRK Merck & Co. Inc. Reduce -29.1% 0.51% −0.29
NXPI NXP Semiconductors NV Reduce -8.3% 1.28% −0.28
JPM JPMorgan Chase & Co. Reduce -28.2% 1.44% −0.27
VALE Vale SA-SP ADR Reduce -11.7% 0.58% −0.26
MAS Masco Corp. Reduce -5.0% 1.32% −0.24
AMTM Amentum Holdings Inc. Sold out 0.00% −0.23
STLA Stellantis NV Sold out 0.00% −0.23
CDW CDW Corp. Reduce -8.5% 0.51% −0.20
ITUB Itau Unibanco H-Spon PRF ADR Reduce -0.8% 0.62% −0.20
BBY Best Buy Co. Inc. Reduce -11.2% 0.50% −0.16
NVS Novartis AG-Sponsored ADR Reduce -0.8% 0.91% −0.14
SNY Sanofi-ADR Reduce -0.6% 0.76% −0.13
PH Parker Hannifin Corp. Reduce -13.9% 1.03% −0.12
PGR Progressive Corp. Reduce -3.2% 1.42% −0.09
PBR Petroleo Brasileiro-Spon ADR Reduce -0.7% 0.90% −0.09
BBVA Banco Bilbao Vizcaya-SP ADR Sold out 0.00% −0.08
AEG Aegon Ltd.-NY Reg SHR Sold out 0.00% −0.08
RTX RTX Corp. Reduce -11.5% 0.53% −0.08
FRO Frontline PLC Sold out 0.00% −0.08
KB KB Financial Group Inc.-ADR Reduce -0.4% 0.96% −0.06
SLB SLB Ltd. Reduce -1.0% 0.74% −0.05
BP BP PLC-Spons ADR Reduce -7.9% 0.34% −0.04
NRG NRG Energy Inc. Reduce -7.6% 0.54% −0.03
AMX America Movil Sab DE CV Reduce -0.5% 0.28% −0.03
OKE Oneok Inc. Reduce -13.7% 1.08% −0.02
ORANY Orange-Spon ADR Sold out 0.00% −0.02
NGG National Grid PLC-SP ADR Sold out 0.00% −0.02
ALKS Alkermes PLC Reduce -18.8% 0.09% −0.02
SKM SK Telecom Co. Ltd.-Spon ADR Reduce -4.2% 0.08% −0.01
FISV Fiserv Inc. Reduce -15.9% 1.08% −0.01
MMM 3M Co. Reduce -27.6% 0.02% −0.01
DOW Dow Inc. Sold out 0.00% −0.01
ST Sensata Technologies Holdplc Sold out 0.00% −0.01
DVA Davita Inc. Sold out 0.00% −0.01
PWR Quanta Services Inc. Sold out 0.00% −0.01
GWW WW Grainger Inc. Sold out 0.00% −0.01
KT KT Corp.-SP ADR Reduce -8.6% 0.09% −0.00
GIS General Mills Inc. Reduce -4.1% 0.02% −0.00
PHG Koninklijke Philips NVR- NY Reduce -5.9% 0.01% −0.00
PFE Pfizer Inc. Reduce -14.5% 0.01% −0.00

Portfolio Buys Q3 2024 → Q4 2024
TEVA Teva Pharmaceutical-SP ADR New 1.40% +1.40
LULU Lululemon Athletica Inc. New 0.82% +0.82
AXP American Express Co. Add +58.2% 1.71% +0.75
DECK Deckers Outdoor Corp. New 0.75% +0.75
MCK McKesson Corp. Add +3996.1% 0.52% +0.51
GOOGL Alphabet Inc. Class A Add +37.2% 0.93% +0.35
TPR Tapestry Inc. Add +1.6% 1.11% +0.35
JBL Jabil Inc. Add +0.9% 1.52% +0.30
SRE Sempra Add +87.8% 0.52% +0.26
WFC Wells Fargo & Co. Add +19.2% 0.70% +0.24
TSM Taiwan Semiconductor-SP ADR Add +13.4% 0.94% +0.23
MFC Manulife Financial Corp. Add +34.4% 0.72% +0.22
SYF Synchrony Financial Add +5.6% 0.72% +0.21
AMP Ameriprise Financial Inc. Add +1.6% 1.29% +0.20
ACWX iShares MSCI Acwi Ex US ETF Add +282.3% 0.27% +0.20
RCL Royal Caribbean Cruises Ltd. Add +0.4% 0.74% +0.19
QCOM Qualcomm Inc. Add +21.0% 1.68% +0.19
GM General Motors Co. Add +14.0% 0.66% +0.19
MUFG Mitsubishi Ufj Finl-Spon ADR Add +0.6% 1.14% +0.18
NFLX Netflix Inc. Add +4.2% 0.70% +0.18
DLR Digital Realty Trust Inc. Add +68.8% 0.38% +0.18
CTSH Cognizant Tech Solutions-A Add +24.4% 0.80% +0.17
BKNG Booking Holdings Inc. Add +5.8% 0.68% +0.15
ULTA Ulta Beauty Inc. Add +12.7% 0.64% +0.15
VZ Verizon Communications Inc. Add +40.0% 0.64% +0.14
DKS Dick's Sporting Goods Inc. Add +1.6% 1.05% +0.14
BAC Bank of America Corp. Add +1.6% 0.98% +0.13
CFG Citizens Financial Group Add +0.2% 1.49% +0.13
CMI Cummins Inc. Add +1.7% 1.17% +0.13
BCS Barclays PLC-Spons ADR Add +0.5% 1.11% +0.13
BWA Borgwarner Inc. Add +33.6% 0.76% +0.13
SPY SS SPDR S&P 500 ETF Trust-US New 0.11% +0.11
NWG Natwest Group PLC -Spon ADR Add +0.3% 1.01% +0.11
SLF Sun Life Financial Inc. Add +6.2% 0.90% +0.10
ALV Autoliv Inc. New 0.08% +0.08
AZO AutoZone Inc. Add +0.6% 1.62% +0.08
AIG American International Group Add +12.7% 0.56% +0.07
J Jacobs Solutions Inc. Add +1.7% 1.00% +0.06
SONY Sony Group Corp. - SP ADR Add +1.8% 0.48% +0.06
MO Altria Group Inc. Add +1.6% 0.92% +0.06
ZTO Zto Express Cayman Inc.-ADR Add +36.5% 0.63% +0.06
AER Aercap Holdings NV Add +1.1% 1.20% +0.06
BIDU Baidu Inc. - Spon ADR Add +44.4% 0.36% +0.06
IBM Intl Business Machines Corp. Add +1.6% 1.25% +0.05
CRH CRH PLC Add +0.6% 1.38% +0.04
BTI British American Tob-SP ADR Add +6.6% 0.51% +0.04
HDB HDFC Bank Ltd.-ADR Add +0.6% 0.64% +0.03
SKX Skechers USA Inc. Class A Add +1.6% 0.68% +0.03
VIPS Vipshop Holdings Ltd. - ADR Add +19.0% 0.68% +0.03
ORCL Oracle Corp. Add +1.6% 1.00% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 182$5.6BDELL, TEVA, CB, NXPI, KLAC
Q1 2026 179$5.1BTEVA, CB, TTE, SHEL, VALE
Q4 2025 175$5.1BTEVA, SAN, RIO, VALE, CB
Q3 2025 176$4.9BTEVA, SAN, JPM, QCOM, ING
Q2 2025 170$4.6BJBL, SHEL, BKNG, QCOM, CB
Q1 2025 167$4.2BSHEL, AZO, TTE, FISV, CB
Q4 2024 164$4.2BURI, SHEL, AXP, QCOM, FITB
Q3 2024 174$4.3BURI, SHEL, RIO, TTE, JPM
Q2 2024 209$4.8BSHEL, AVGO, NXPI, URI, TTE
Q1 2024 212$4.9BURI, SHEL, AVGO, KLAC, PH