Todd Asset Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Todd Asset Management LLC reported 167 stock positions worth $4.2 billion. Its top holding was Shell PLC-ADR (SHEL) at 2.1% of the portfolio, followed by AutoZone (AZO, 1.9%) and Totalenergies SE -Spon ADR (TTE, 1.8%). Compared with Q4 2024, it opened 13 new positions, sold out of 10, added to 68 and reduced 63. The biggest buy was Gilead Sciences (GILD, shares +2227%) and the biggest sale United Rentals (URI, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- Louisville, KY
- CIK
- 0001071483
- Portfolio Value
- $4.2B (Q1 2025)
- SEC Filing
- 0001172661-25-001690 ↗ filed May 12, 2025
Holdings Value
Holdings 167 stocks · $4.2B
| SHEL Shell PLC-ADR | 2.09% | 1,213,030 | $88.9M | Reduce -0.1% |
| AZO AutoZone Inc. | 1.94% | 21,654 | $82.6M | Add +2.5% |
| TTE Totalenergies SE -Spon ADR | 1.80% | 1,184,568 | $76.6M | Add +0.5% |
| FISV Fiserv Inc. | 1.79% | 345,250 | $76.2M | Add +57.0% |
| CB Chubb Ltd. | 1.77% | 249,693 | $75.4M | Reduce -0.2% |
| PGR Progressive Corp. | 1.75% | 263,123 | $74.5M | Add +6.6% |
| QCOM Qualcomm Inc. | 1.72% | 475,085 | $73.0M | Add +4.3% |
| OKE Oneok Inc. | 1.64% | 702,802 | $69.7M | Add +56.6% |
| RIO Rio Tinto PLC-Spon ADR | 1.51% | 1,071,017 | $64.3M | Add +0.3% |
| APO Apollo Global Management Inc. | 1.45% | 450,257 | $61.7M | Add +50.9% |
| JPM JPMorgan Chase & Co. | 1.45% | 250,758 | $61.5M | Reduce -0.0% |
| SAN Banco Santander SA-Spon ADR | 1.39% | 8,803,879 | $59.0M | Reduce -1.0% |
| MAS Masco Corp. | 1.37% | 838,199 | $58.3M | Add +10.0% |
| CFG Citizens Financial Group | 1.37% | 1,421,308 | $58.2M | Reduce -0.0% |
| JBL Jabil Inc. | 1.34% | 417,469 | $56.8M | Reduce -5.6% |
| DELL Dell Technologies -C | 1.33% | 617,820 | $56.3M | Add +52.1% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 1.30% | 4,038,105 | $55.0M | Reduce -0.8% |
| CRH CRH PLC | 1.28% | 618,274 | $54.4M | Reduce -0.6% |
| ING ING Groep N.V.-Sponsored ADR | 1.27% | 2,755,212 | $54.0M | Reduce -0.6% |
| AER Aercap Holdings NV | 1.25% | 519,889 | $53.1M | Reduce -0.8% |
| BCS Barclays PLC-Spons ADR | 1.25% | 3,452,947 | $53.0M | Reduce -0.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.19% | 204,061 | $50.7M | Reduce -13.8% |
| MO Altria Group Inc. | 1.17% | 826,718 | $49.6M | Add +12.4% |
| NXPI NXP Semiconductors NV | 1.15% | 256,847 | $48.8M | Add +0.0% |
| AMP Ameriprise Financial Inc. | 1.15% | 100,750 | $48.8M | Reduce -0.0% |
| NWG Natwest Group PLC -Spon ADR | 1.14% | 4,059,219 | $48.4M | Reduce -1.8% |
| ABBV Abbvie Inc. | 1.14% | 230,851 | $48.4M | Add +0.6% |
| MS Morgan Stanley | 1.06% | 386,839 | $45.1M | Add +0.0% |
| TEVA Teva Pharmaceutical-SP ADR | 1.06% | 2,932,742 | $45.1M | Add +11.0% |
| BKNG Booking Holdings Inc. | 1.06% | 9,771 | $45.0M | Add +72.0% |
| NVS Novartis AG-Sponsored ADR | 1.04% | 396,510 | $44.2M | Add +1.4% |
| CMI Cummins Inc. | 1.04% | 140,369 | $44.0M | Add +0.0% |
| HCA HCA Healthcare Inc. | 1.02% | 125,498 | $43.4M | Reduce -8.3% |
| FITB Fifth Third Bancorp | 1.01% | 1,090,500 | $42.7M | Reduce -33.5% |
| PBR Petroleo Brasileiro-Spon ADR | 1.00% | 2,957,106 | $42.4M | Add +0.7% |
| BABA Alibaba Group Holding-SP ADR | 0.98% | 315,315 | $41.7M | Add +2.0% |
| URI United Rentals Inc. | 0.98% | 66,486 | $41.7M | Reduce -39.1% |
| AVGO Broadcom Inc. | 0.98% | 248,153 | $41.5M | Add +0.0% |
| AXP American Express Co. | 0.98% | 154,218 | $41.5M | Reduce -35.8% |
| PH Parker Hannifin Corp. | 0.97% | 67,662 | $41.1M | Add +0.1% |
| AMGN Amgen Inc. | 0.97% | 131,770 | $41.1M | Add +0.2% |
| TPR Tapestry Inc. | 0.94% | 566,654 | $39.9M | Reduce -19.9% |
| KR Kroger Co. | 0.93% | 585,335 | $39.6M | Add +43.9% |
| DOX Amdocs Ltd. | 0.92% | 426,379 | $39.0M | Reduce -0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.91% | 931,618 | $38.9M | Reduce -0.0% |
| DKS Dick's Sporting Goods Inc. | 0.91% | 191,721 | $38.6M | Reduce -0.1% |
| SONY Sony Group Corp. - SP ADR | 0.91% | 1,515,899 | $38.5M | Add +59.2% |
| EMN Eastman Chemical Co. | 0.90% | 434,599 | $38.3M | Add +0.0% |
| MCK McKesson Corp. | 0.90% | 56,849 | $38.3M | Add +48.0% |
| J Jacobs Solutions Inc. | 0.89% | 312,723 | $37.8M | Reduce -0.0% |
| SNY Sanofi-ADR | 0.86% | 657,830 | $36.5M | Add +0.4% |
| MFC Manulife Financial Corp. | 0.86% | 1,170,403 | $36.5M | Add +19.2% |
| JD Jd.com Inc.-ADR | 0.85% | 880,266 | $36.2M | Add +35.1% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 0.85% | 1,727,984 | $36.1M | Reduce -0.2% |
| SLF Sun Life Financial Inc. | 0.85% | 628,002 | $36.0M | Reduce -1.2% |
| ORCL Oracle Corp. | 0.83% | 251,711 | $35.2M | Add +0.1% |
| CTSH Cognizant Tech Solutions-A | 0.81% | 450,859 | $34.5M | Add +3.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.80% | 812,152 | $33.9M | Add +1.4% |
| NTES Netease Inc.-ADR | 0.77% | 319,138 | $32.8M | Reduce -0.2% |
| GILD Gilead Sciences Inc. | 0.77% | 290,996 | $32.6M | Add +2226.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.76% | 195,225 | $32.4M | Reduce -2.2% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.75% | 5,802,840 | $31.9M | Add +10.5% |
| GOOGL Alphabet Inc. Class A | 0.75% | 205,254 | $31.7M | Reduce -0.1% |
| KLAC KLA Corp. | 0.74% | 46,282 | $31.5M | Add +11.5% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.73% | 575,721 | $31.2M | Reduce -18.1% |
| AIG American International Group | 0.73% | 355,599 | $30.9M | Add +11.5% |
| BTI British American Tob-SP ADR | 0.72% | 741,893 | $30.7M | Add +26.9% |
| RTX RTX Corp. | 0.72% | 230,000 | $30.5M | Add +20.8% |
| VZ Verizon Communications Inc. | 0.71% | 667,600 | $30.3M | Add +0.2% |
| PDD PDD Holdings Inc. | 0.70% | 251,885 | $29.8M | Add +16.3% |
| FOXA Fox Corp. Class A | 0.70% | 523,138 | $29.6M | Reduce -4.4% |
| PSX Phillips 66 | 0.68% | 235,017 | $29.0M | Add +25.1% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.68% | 1,842,864 | $28.9M | Reduce -12.7% |
| BWA Borgwarner Inc. | 0.67% | 997,870 | $28.6M | Add +0.6% |
| TRGP Targa Resources Corp. | 0.66% | 139,630 | $28.0M | New |
| VALE Vale SA-SP ADR | 0.66% | 2,791,056 | $27.9M | Add +2.9% |
| NFLX Netflix Inc. | 0.64% | 29,374 | $27.4M | Reduce -10.2% |
| ZTO Zto Express Cayman Inc.-ADR | 0.63% | 1,354,716 | $26.9M | Add +0.7% |
| SKX Skechers USA Inc. Class A | 0.61% | 456,653 | $25.9M | Add +8.3% |
| WFC Wells Fargo & Co. | 0.61% | 360,562 | $25.9M | Reduce -13.6% |
| GEHC GE Healthcare Technology | 0.61% | 319,449 | $25.8M | Add +0.1% |
| HDB HDFC Bank Ltd.-ADR | 0.60% | 384,757 | $25.6M | Reduce -8.2% |
| GEN Gen Digital Inc. | 0.60% | 958,261 | $25.4M | New |
| IPG Interpublic Group of Cos Inc. | 0.59% | 924,394 | $25.1M | New |
| NRG NRG Energy Inc. | 0.59% | 261,483 | $25.0M | Add +4.1% |
| AOS Smith (a.o.) Corp. | 0.58% | 375,365 | $24.5M | New |
| UNH Unitedhealth Group Inc. | 0.57% | 46,617 | $24.4M | Reduce -17.9% |
| HD Home Depot Inc. | 0.57% | 65,926 | $24.2M | Reduce -0.1% |
| RL Ralph Lauren Corp. | 0.56% | 107,856 | $23.8M | Reduce -11.0% |
| EXPE Expedia Group Inc. | 0.56% | 140,877 | $23.7M | Reduce -12.1% |
| STT State Street Corp. | 0.55% | 261,809 | $23.4M | Reduce -1.9% |
| BBY Best Buy Co. Inc. | 0.55% | 317,604 | $23.4M | Add +31.8% |
| RCL Royal Caribbean Cruises Ltd. | 0.55% | 113,264 | $23.3M | Reduce -16.0% |
| GM General Motors Co. | 0.54% | 485,396 | $22.8M | Reduce -5.6% |
| INCY Incyte Corp. | 0.53% | 370,509 | $22.4M | Add +7.2% |
| YUMC Yum China Holdings Inc. | 0.53% | 430,686 | $22.4M | New |
| BP BP PLC-Spons ADR | 0.52% | 652,157 | $22.0M | Add +34.5% |
| HII Huntington Ingalls Industrie | 0.51% | 106,329 | $21.7M | Add +0.6% |
| AKAM Akamai Technologies Inc. | 0.51% | 269,104 | $21.7M | Reduce -0.1% |
| FSLR First Solar Inc. | 0.48% | 160,438 | $20.3M | Reduce -24.5% |
Portfolio Sells Q4 2024 → Q1 2025
| URI United Rentals Inc. | Reduce -39.1% | 0.98% | −0.86 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.82 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.75 |
| AXP American Express Co. | Reduce -35.8% | 0.98% | −0.73 |
| ON On Semiconductor | Reduce -93.2% | 0.03% | −0.67 |
| FITB Fifth Third Bancorp | Reduce -33.5% | 1.01% | −0.65 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.64 |
| KEY Keycorp | Sold out | 0.00% | −0.58 |
| NVR NVR Inc. | Reduce -51.5% | 0.41% | −0.56 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.51 |
| TXT Textron Inc. | Reduce -54.8% | 0.36% | −0.50 |
| FSLR First Solar Inc. | Reduce -24.5% | 0.48% | −0.42 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.36 |
| AMX America Movil Sab DE CV | Sold out | 0.00% | −0.28 |
| SYF Synchrony Financial | Reduce -17.8% | 0.48% | −0.25 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -90.1% | 0.03% | −0.24 |
| KB KB Financial Group Inc.-ADR | Reduce -18.1% | 0.73% | −0.22 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -16.0% | 0.55% | −0.20 |
| CDW CDW Corp. | Reduce -29.9% | 0.33% | −0.19 |
| JBL Jabil Inc. | Reduce -5.6% | 1.34% | −0.19 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 0.75% | −0.18 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.2% | 0.76% | −0.18 |
| TPR Tapestry Inc. | Reduce -19.9% | 0.94% | −0.17 |
| EXPE Expedia Group Inc. | Reduce -12.1% | 0.56% | −0.16 |
| DKS Dick's Sporting Goods Inc. | Reduce -0.1% | 0.91% | −0.14 |
| AMP Ameriprise Financial Inc. | Reduce -0.0% | 1.15% | −0.14 |
| CFG Citizens Financial Group | Reduce -0.0% | 1.37% | −0.12 |
| GM General Motors Co. | Reduce -5.6% | 0.54% | −0.12 |
| UNH Unitedhealth Group Inc. | Reduce -17.9% | 0.57% | −0.11 |
| J Jacobs Solutions Inc. | Reduce -0.0% | 0.89% | −0.11 |
| RL Ralph Lauren Corp. | Reduce -11.0% | 0.56% | −0.11 |
| AKAM Akamai Technologies Inc. | Reduce -0.1% | 0.51% | −0.11 |
| FLEX Flex Ltd. | Reduce -79.7% | 0.02% | −0.10 |
| CRH CRH PLC | Reduce -0.6% | 1.28% | −0.10 |
| WFC Wells Fargo & Co. | Reduce -13.6% | 0.61% | −0.09 |
| EQNR Equinor ASA-Spon ADR | Reduce -81.1% | 0.02% | −0.08 |
| E Eni SPA-Sponsored ADR | Sold out | 0.00% | −0.08 |
| STT State Street Corp. | Reduce -1.9% | 0.55% | −0.08 |
| BAC Bank of America Corp. | Reduce -0.0% | 0.91% | −0.07 |
| SLF Sun Life Financial Inc. | Reduce -1.2% | 0.85% | −0.06 |
| NFLX Netflix Inc. | Reduce -10.2% | 0.64% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -13.8% | 1.19% | −0.05 |
| HD Home Depot Inc. | Reduce -0.1% | 0.57% | −0.05 |
| HDB HDFC Bank Ltd.-ADR | Reduce -8.2% | 0.60% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -28.6% | 0.08% | −0.04 |
| IX Orix - Sponsored ADR | Reduce -0.2% | 0.85% | −0.03 |
| ALV Autoliv Inc. | Reduce -7.2% | 0.07% | −0.01 |
| CWI State Street SPDR MSCI Acwi | Sold out | 0.00% | −0.01 |
| TXRH Texas Roadhouse Inc. | Reduce -4.5% | 0.05% | −0.01 |
| HBM Hudbay Minerals Inc. | Reduce -1.3% | 0.07% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| GILD Gilead Sciences Inc. | Add +2226.8% | 0.77% | +0.74 |
| FISV Fiserv Inc. | Add +57.0% | 1.79% | +0.71 |
| TRGP Targa Resources Corp. | New | 0.66% | +0.66 |
| GEN Gen Digital Inc. | New | 0.60% | +0.60 |
| IPG Interpublic Group of Cos Inc. | New | 0.59% | +0.59 |
| AOS Smith (a.o.) Corp. | New | 0.58% | +0.58 |
| OKE Oneok Inc. | Add +56.6% | 1.64% | +0.56 |
| YUMC Yum China Holdings Inc. | New | 0.53% | +0.53 |
| SONY Sony Group Corp. - SP ADR | Add +59.2% | 0.91% | +0.42 |
| BKNG Booking Holdings Inc. | Add +72.0% | 1.06% | +0.38 |
| MCK McKesson Corp. | Add +48.0% | 0.90% | +0.38 |
| BABA Alibaba Group Holding-SP ADR | Add +2.0% | 0.98% | +0.35 |
| KR Kroger Co. | Add +43.9% | 0.93% | +0.34 |
| PGR Progressive Corp. | Add +6.6% | 1.75% | +0.34 |
| AZO AutoZone Inc. | Add +2.5% | 1.94% | +0.32 |
| JD Jd.com Inc.-ADR | Add +35.1% | 0.85% | +0.31 |
| FMS Fresenius Medical Care-ADR | New | 0.28% | +0.28 |
| APO Apollo Global Management Inc. | Add +50.9% | 1.45% | +0.27 |
| TTE Totalenergies SE -Spon ADR | Add +0.5% | 1.80% | +0.26 |
| T AT&T Inc. | New | 0.26% | +0.26 |
| MO Altria Group Inc. | Add +12.4% | 1.17% | +0.25 |
| BTI British American Tob-SP ADR | Add +26.9% | 0.72% | +0.21 |
| DELL Dell Technologies -C | Add +52.1% | 1.33% | +0.20 |
| PDD PDD Holdings Inc. | Add +16.3% | 0.70% | +0.20 |
| RTX RTX Corp. | Add +20.8% | 0.72% | +0.19 |
| BP BP PLC-Spons ADR | Add +34.5% | 0.52% | +0.18 |
| AIG American International Group | Add +11.5% | 0.73% | +0.17 |
| PSX Phillips 66 | Add +25.1% | 0.68% | +0.17 |
| ABBV Abbvie Inc. | Add +0.6% | 1.14% | +0.16 |
| AMGN Amgen Inc. | Add +0.2% | 0.97% | +0.15 |
| MFC Manulife Financial Corp. | Add +19.2% | 0.86% | +0.14 |
| NVS Novartis AG-Sponsored ADR | Add +1.4% | 1.04% | +0.13 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +10.5% | 0.75% | +0.13 |
| KLAC KLA Corp. | Add +11.5% | 0.74% | +0.11 |
| SNY Sanofi-ADR | Add +0.4% | 0.86% | +0.10 |
| IAG Iamgold Corp. | New | 0.09% | +0.09 |
| PBR Petroleo Brasileiro-Spon ADR | Add +0.7% | 1.00% | +0.09 |
| AEG Aegon Ltd.-NY Reg SHR | New | 0.09% | +0.09 |
| VALE Vale SA-SP ADR | Add +2.9% | 0.66% | +0.08 |
| VZ Verizon Communications Inc. | Add +0.2% | 0.71% | +0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.07% | +0.07 |
| SLB SLB Ltd. | Add +1.4% | 0.80% | +0.06 |
| UL Unilever PLC | Add +42.0% | 0.19% | +0.06 |
| BBY Best Buy Co. Inc. | Add +31.8% | 0.55% | +0.05 |
| MAS Masco Corp. | Add +10.0% | 1.37% | +0.05 |
| NRG NRG Energy Inc. | Add +4.1% | 0.59% | +0.04 |
| QCOM Qualcomm Inc. | Add +4.3% | 1.72% | +0.04 |
| HII Huntington Ingalls Industrie | Add +0.6% | 0.51% | +0.03 |
| PM Philip Morris International | Add +0.2% | 0.07% | +0.02 |
| GIS General Mills Inc. | Add +52.3% | 0.03% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 182 | $5.6B | DELL, TEVA, CB, NXPI, KLAC |
| Q1 2026 | 179 | $5.1B | TEVA, CB, TTE, SHEL, VALE |
| Q4 2025 | 175 | $5.1B | TEVA, SAN, RIO, VALE, CB |
| Q3 2025 | 176 | $4.9B | TEVA, SAN, JPM, QCOM, ING |
| Q2 2025 | 170 | $4.6B | JBL, SHEL, BKNG, QCOM, CB |
| Q1 2025 | 167 | $4.2B | SHEL, AZO, TTE, FISV, CB |
| Q4 2024 | 164 | $4.2B | URI, SHEL, AXP, QCOM, FITB |
| Q3 2024 | 174 | $4.3B | URI, SHEL, RIO, TTE, JPM |
| Q2 2024 | 209 | $4.8B | SHEL, AVGO, NXPI, URI, TTE |
| Q1 2024 | 212 | $4.9B | URI, SHEL, AVGO, KLAC, PH |