Todd Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Todd Asset Management LLC reported 170 stock positions worth $4.6 billion. Its top holding was Jabil (JBL) at 2.0% of the portfolio, followed by Shell PLC-ADR (SHEL, 1.8%) and Booking (BKNG, 1.7%). Compared with Q1 2025, it opened 9 new positions, sold out of 6, added to 56 and reduced 72. The biggest buy was AT&T (T, shares +403%) and the biggest sale Progressive (PGR, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- Louisville, KY
- CIK
- 0001071483
- Portfolio Value
- $4.6B (Q2 2025)
- SEC Filing
- 0001172661-25-003121 ↗ filed Aug 13, 2025
Holdings Value
Holdings 170 stocks · $4.6B
| JBL Jabil Inc. | 2.03% | 430,921 | $94.0M | Add +3.2% |
| SHEL Shell PLC-ADR | 1.84% | 1,209,986 | $85.2M | Reduce -0.3% |
| BKNG Booking Holdings Inc. | 1.66% | 13,280 | $76.9M | Add +35.9% |
| QCOM Qualcomm Inc. | 1.64% | 478,199 | $76.2M | Add +0.7% |
| CB Chubb Ltd. | 1.63% | 261,018 | $75.6M | Add +4.5% |
| TTE Totalenergies SE -Spon ADR | 1.56% | 1,180,711 | $72.5M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.55% | 248,079 | $71.9M | Reduce -1.1% |
| APO Apollo Global Management Inc. | 1.47% | 479,017 | $68.0M | Add +6.4% |
| AVGO Broadcom Inc. | 1.46% | 245,806 | $67.8M | Reduce -0.9% |
| KR Kroger Co. | 1.45% | 938,413 | $67.3M | Add +60.3% |
| GILD Gilead Sciences Inc. | 1.43% | 596,976 | $66.2M | Add +105.2% |
| TEVA Teva Pharmaceutical-SP ADR | 1.42% | 3,924,120 | $65.8M | Add +33.8% |
| SAN Banco Santander SA-Spon ADR | 1.41% | 7,867,397 | $65.3M | Reduce -10.6% |
| BCS Barclays PLC-Spons ADR | 1.36% | 3,381,535 | $62.9M | Reduce -2.1% |
| RIO Rio Tinto PLC-Spon ADR | 1.34% | 1,068,536 | $62.3M | Reduce -0.2% |
| AER Aercap Holdings NV | 1.33% | 526,148 | $61.6M | Add +1.2% |
| ING ING Groep N.V.-Sponsored ADR | 1.31% | 2,768,764 | $60.6M | Add +0.5% |
| FISV Fiserv Inc. | 1.29% | 347,782 | $60.0M | Add +0.7% |
| NWG Natwest Group PLC -Spon ADR | 1.24% | 4,065,995 | $57.5M | Add +0.2% |
| OKE Oneok Inc. | 1.23% | 697,858 | $57.0M | Reduce -0.7% |
| T AT&T Inc. | 1.22% | 1,961,112 | $56.8M | Add +403.3% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 1.21% | 4,099,110 | $56.2M | Add +1.5% |
| NXPI NXP Semiconductors NV | 1.21% | 256,840 | $56.1M | Reduce 0.0% |
| MS Morgan Stanley | 1.16% | 382,663 | $53.9M | Reduce -1.1% |
| MAS Masco Corp. | 1.16% | 833,849 | $53.7M | Reduce -0.5% |
| AMP Ameriprise Financial Inc. | 1.15% | 99,689 | $53.2M | Reduce -1.1% |
| AZO AutoZone Inc. | 1.09% | 13,645 | $50.7M | Reduce -37.0% |
| NVS Novartis AG-Sponsored ADR | 1.08% | 415,901 | $50.3M | Add +4.9% |
| URI United Rentals Inc. | 1.07% | 65,806 | $49.6M | Reduce -1.0% |
| CRH CRH PLC | 1.06% | 537,680 | $49.4M | Reduce -13.0% |
| DELL Dell Technologies -C | 1.06% | 401,999 | $49.3M | Reduce -34.9% |
| TPR Tapestry Inc. | 1.06% | 560,341 | $49.2M | Reduce -1.1% |
| MO Altria Group Inc. | 1.03% | 817,686 | $47.9M | Reduce -1.1% |
| HCA HCA Healthcare Inc. | 1.02% | 123,039 | $47.1M | Reduce -2.0% |
| PH Parker Hannifin Corp. | 1.01% | 66,945 | $46.8M | Reduce -1.1% |
| CMI Cummins Inc. | 0.98% | 138,828 | $45.5M | Reduce -1.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.97% | 197,671 | $44.8M | Add +1.3% |
| ORCL Oracle Corp. | 0.96% | 203,786 | $44.6M | Reduce -19.0% |
| FITB Fifth Third Bancorp | 0.95% | 1,066,344 | $43.9M | Reduce -2.2% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.94% | 528,787 | $43.7M | Reduce -8.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.94% | 921,609 | $43.6M | Reduce -1.1% |
| NTES Netease Inc.-ADR | 0.94% | 322,481 | $43.4M | Add +1.1% |
| AXP American Express Co. | 0.93% | 135,274 | $43.2M | Reduce -12.3% |
| DOX Amdocs Ltd. | 0.92% | 465,835 | $42.5M | Add +9.3% |
| ABBV Abbvie Inc. | 0.91% | 228,486 | $42.4M | Reduce -1.0% |
| SLF Sun Life Financial Inc. | 0.91% | 635,316 | $42.2M | Add +1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.91% | 142,530 | $42.0M | Reduce -30.1% |
| MFC Manulife Financial Corp. | 0.90% | 1,311,190 | $41.9M | Add +12.0% |
| NRG NRG Energy Inc. | 0.90% | 260,115 | $41.8M | Reduce -0.5% |
| PGR Progressive Corp. | 0.89% | 154,466 | $41.2M | Reduce -41.3% |
| MCK McKesson Corp. | 0.89% | 56,218 | $41.2M | Reduce -1.1% |
| KLAC KLA Corp. | 0.89% | 45,839 | $41.1M | Reduce -1.0% |
| J Jacobs Solutions Inc. | 0.88% | 309,641 | $40.7M | Reduce -1.0% |
| BTI British American Tob-SP ADR | 0.87% | 849,582 | $40.2M | Add +14.5% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.86% | 5,851,509 | $39.7M | Add +0.8% |
| BABA Alibaba Group Holding-SP ADR | 0.85% | 348,575 | $39.5M | Add +10.6% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 0.85% | 1,741,177 | $39.2M | Add +0.8% |
| RCL Royal Caribbean Cruises Ltd. | 0.84% | 124,102 | $38.9M | Add +9.6% |
| DKS Dick's Sporting Goods Inc. | 0.81% | 190,362 | $37.7M | Reduce -0.7% |
| PBR Petroleo Brasileiro-Spon ADR | 0.81% | 2,989,446 | $37.4M | Add +1.1% |
| CFG Citizens Financial Group | 0.80% | 834,338 | $37.3M | Reduce -41.3% |
| NFLX Netflix Inc. | 0.79% | 27,231 | $36.5M | Reduce -7.3% |
| AMGN Amgen Inc. | 0.78% | 130,341 | $36.4M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.77% | 203,094 | $35.8M | Reduce -1.1% |
| YUMC Yum China Holdings Inc. | 0.77% | 795,027 | $35.5M | Add +84.6% |
| MDT Medtronic PLC | 0.77% | 407,716 | $35.5M | New |
| FMS Fresenius Medical Care-ADR | 0.76% | 1,239,113 | $35.4M | Add +156.9% |
| CTSH Cognizant Tech Solutions-A | 0.75% | 443,566 | $34.6M | Reduce -1.6% |
| GEN Gen Digital Inc. | 0.74% | 1,170,276 | $34.4M | Add +22.1% |
| JD Jd.com Inc.-ADR | 0.73% | 1,031,298 | $33.7M | Add +17.2% |
| BWA Borgwarner Inc. | 0.70% | 975,621 | $32.7M | Reduce -2.2% |
| SNY Sanofi-ADR | 0.70% | 669,266 | $32.3M | Add +1.7% |
| EMN Eastman Chemical Co. | 0.69% | 429,740 | $32.1M | Reduce -1.1% |
| SYF Synchrony Financial | 0.69% | 479,954 | $32.0M | Add +25.7% |
| RL Ralph Lauren Corp. | 0.66% | 112,263 | $30.8M | Add +4.1% |
| UAL United Airlines Holdings Inc. | 0.66% | 383,151 | $30.5M | New |
| VZ Verizon Communications Inc. | 0.65% | 700,542 | $30.3M | Add +4.9% |
| STT State Street Corp. | 0.65% | 284,945 | $30.3M | Add +8.8% |
| NTAP Netapp Inc. | 0.65% | 283,167 | $30.2M | New |
| HDB HDFC Bank Ltd.-ADR | 0.64% | 386,011 | $29.6M | Add +0.3% |
| MGM MGM Resorts International | 0.63% | 856,087 | $29.4M | New |
| SONY Sony Group Corp. - SP ADR | 0.63% | 1,130,255 | $29.4M | Reduce -25.4% |
| GEHC GE Healthcare Technology | 0.63% | 393,798 | $29.2M | Add +23.3% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.62% | 1,909,921 | $28.7M | Add +3.6% |
| SKX Skechers USA Inc. Class A | 0.62% | 452,968 | $28.6M | Reduce -0.8% |
| WFC Wells Fargo & Co. | 0.61% | 355,786 | $28.5M | Reduce -1.3% |
| INCY Incyte Corp. | 0.61% | 414,477 | $28.2M | Add +11.9% |
| PDD PDD Holdings Inc. | 0.58% | 259,048 | $27.1M | Add +2.8% |
| VALE Vale SA-SP ADR | 0.57% | 2,734,510 | $26.6M | Reduce -2.0% |
| GM General Motors Co. | 0.57% | 536,583 | $26.4M | Add +10.6% |
| FSLR First Solar Inc. | 0.57% | 158,559 | $26.2M | Reduce -1.2% |
| ADBE Adobe Inc. | 0.55% | 66,484 | $25.7M | New |
| EXPE Expedia Group Inc. | 0.55% | 152,077 | $25.7M | Add +8.0% |
| PSX Phillips 66 | 0.55% | 214,000 | $25.5M | Reduce -8.9% |
| HII Huntington Ingalls Industrie | 0.55% | 105,031 | $25.4M | Reduce -1.2% |
| FOXA Fox Corp. Class A | 0.54% | 449,932 | $25.2M | Reduce -14.0% |
| AIG American International Group | 0.53% | 288,217 | $24.7M | Reduce -18.9% |
| ZTO Zto Express Cayman Inc.-ADR | 0.52% | 1,354,453 | $24.0M | Reduce -0.0% |
| BBY Best Buy Co. Inc. | 0.51% | 351,834 | $23.6M | Add +10.8% |
| IPG Interpublic Group of Cos Inc. | 0.50% | 953,242 | $23.3M | Add +3.1% |
Portfolio Sells Q1 2025 → Q2 2025
| PGR Progressive Corp. | Reduce -41.3% | 0.89% | −0.86 |
| AZO AutoZone Inc. | Reduce -37.0% | 1.09% | −0.85 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.80 |
| RTX RTX Corp. | Reduce -98.3% | 0.01% | −0.70 |
| TRGP Targa Resources Corp. | Sold out | 0.00% | −0.66 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.58 |
| CFG Citizens Financial Group | Reduce -41.3% | 0.80% | −0.57 |
| UNH Unitedhealth Group Inc. | Reduce -94.3% | 0.02% | −0.56 |
| HD Home Depot Inc. | Reduce -92.0% | 0.04% | −0.53 |
| BP BP PLC-Spons ADR | Reduce -79.7% | 0.09% | −0.43 |
| OKE Oneok Inc. | Reduce -0.7% | 1.23% | −0.41 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.35 |
| IBM Intl Business Machines Corp. | Reduce -30.1% | 0.91% | −0.29 |
| SONY Sony Group Corp. - SP ADR | Reduce -25.4% | 0.63% | −0.27 |
| DELL Dell Technologies -C | Reduce -34.9% | 1.06% | −0.26 |
| SHEL Shell PLC-ADR | Reduce -0.3% | 1.84% | −0.26 |
| TTE Totalenergies SE -Spon ADR | Reduce -0.3% | 1.56% | −0.24 |
| ABBV Abbvie Inc. | Reduce -1.0% | 0.91% | −0.22 |
| CRH CRH PLC | Reduce -13.0% | 1.06% | −0.22 |
| MAS Masco Corp. | Reduce -0.5% | 1.16% | −0.21 |
| EMN Eastman Chemical Co. | Reduce -1.1% | 0.69% | −0.21 |
| AIG American International Group | Reduce -18.9% | 0.53% | −0.20 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.78% | −0.18 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -0.2% | 1.34% | −0.17 |
| FOXA Fox Corp. Class A | Reduce -14.0% | 0.54% | −0.15 |
| MO Altria Group Inc. | Reduce -1.1% | 1.03% | −0.13 |
| PSX Phillips 66 | Reduce -8.9% | 0.55% | −0.13 |
| ZTO Zto Express Cayman Inc.-ADR | Reduce -0.0% | 0.52% | −0.11 |
| DKS Dick's Sporting Goods Inc. | Reduce -0.7% | 0.81% | −0.10 |
| ALKS Alkermes PLC | Reduce -90.0% | 0.01% | −0.09 |
| VALE Vale SA-SP ADR | Reduce -2.0% | 0.57% | −0.08 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.07 |
| CTSH Cognizant Tech Solutions-A | Reduce -1.6% | 0.75% | −0.07 |
| FITB Fifth Third Bancorp | Reduce -2.2% | 0.95% | −0.06 |
| AKAM Akamai Technologies Inc. | Reduce -2.0% | 0.45% | −0.06 |
| CMI Cummins Inc. | Reduce -1.1% | 0.98% | −0.06 |
| AXP American Express Co. | Reduce -12.3% | 0.93% | −0.05 |
| NVR NVR Inc. | Reduce -2.4% | 0.37% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -47.9% | 0.04% | −0.04 |
| IAG Iamgold Corp. | Reduce -28.1% | 0.07% | −0.02 |
| AAPL Apple Inc. | Reduce -1.2% | 0.08% | −0.01 |
| KGC Kinross Gold Corp. | Reduce -25.3% | 0.08% | −0.01 |
| UL Unilever PLC | Reduce -0.7% | 0.18% | −0.01 |
| EQNR Equinor ASA-Spon ADR | Reduce -52.5% | 0.01% | −0.01 |
| J Jacobs Solutions Inc. | Reduce -1.0% | 0.88% | −0.01 |
| MCK McKesson Corp. | Reduce -1.1% | 0.89% | −0.01 |
| ST Sensata Technologies Holdplc | Sold out | 0.00% | −0.01 |
| COP Conocophillips | Reduce -3.4% | 0.02% | −0.01 |
| HCA HCA Healthcare Inc. | Reduce -2.0% | 1.02% | −0.00 |
| AON Aon PLC Class A | Reduce -0.2% | 0.01% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| T AT&T Inc. | Add +403.3% | 1.22% | +0.96 |
| MDT Medtronic PLC | New | 0.77% | +0.77 |
| JBL Jabil Inc. | Add +3.2% | 2.03% | +0.69 |
| GILD Gilead Sciences Inc. | Add +105.2% | 1.43% | +0.66 |
| UAL United Airlines Holdings Inc. | New | 0.66% | +0.66 |
| NTAP Netapp Inc. | New | 0.65% | +0.65 |
| MGM MGM Resorts International | New | 0.63% | +0.63 |
| BKNG Booking Holdings Inc. | Add +35.9% | 1.66% | +0.60 |
| ADBE Adobe Inc. | New | 0.55% | +0.55 |
| KR Kroger Co. | Add +60.3% | 1.45% | +0.52 |
| TMUS T-Mobile US Inc. | New | 0.49% | +0.49 |
| FMS Fresenius Medical Care-ADR | Add +156.9% | 0.76% | +0.48 |
| TEVA Teva Pharmaceutical-SP ADR | Add +33.8% | 1.42% | +0.36 |
| RCL Royal Caribbean Cruises Ltd. | Add +9.6% | 0.84% | +0.29 |
| YUMC Yum China Holdings Inc. | Add +84.6% | 0.77% | +0.24 |
| BNY Bank of New York Mellon Corp. | New | 0.23% | +0.23 |
| SYF Synchrony Financial | Add +25.7% | 0.69% | +0.21 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.3% | 0.97% | +0.20 |
| NTES Netease Inc.-ADR | Add +1.1% | 0.94% | +0.16 |
| BTI British American Tob-SP ADR | Add +14.5% | 0.87% | +0.14 |
| GEN Gen Digital Inc. | Add +22.1% | 0.74% | +0.14 |
| TXT Textron Inc. | Add +34.7% | 0.50% | +0.13 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +0.8% | 0.86% | +0.11 |
| EMBJ Embraer SA-Spon ADR | New | 0.10% | +0.10 |
| RL Ralph Lauren Corp. | Add +4.1% | 0.66% | +0.10 |
| NWG Natwest Group PLC -Spon ADR | Add +0.2% | 1.24% | +0.10 |
| STT State Street Corp. | Add +8.8% | 0.65% | +0.10 |
| INCY Incyte Corp. | Add +11.9% | 0.61% | +0.08 |
| AER Aercap Holdings NV | Add +1.2% | 1.33% | +0.08 |
| SLF Sun Life Financial Inc. | Add +1.2% | 0.91% | +0.06 |
| MFC Manulife Financial Corp. | Add +12.0% | 0.90% | +0.05 |
| NVS Novartis AG-Sponsored ADR | Add +4.9% | 1.08% | +0.04 |
| DLR Digital Realty Trust Inc. | Add +2.1% | 0.34% | +0.04 |
| HDB HDFC Bank Ltd.-ADR | Add +0.3% | 0.64% | +0.04 |
| ING ING Groep N.V.-Sponsored ADR | Add +0.5% | 1.31% | +0.04 |
| GM General Motors Co. | Add +10.6% | 0.57% | +0.03 |
| ALV Autoliv Inc. | Add +18.6% | 0.10% | +0.03 |
| NVDA Nvidia Corp. | Add +0.1% | 0.10% | +0.02 |
| LOGI Logitech International-Reg | Add +33.8% | 0.10% | +0.02 |
| GEHC GE Healthcare Technology | Add +23.3% | 0.63% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +40.5% | 0.09% | +0.02 |
| APO Apollo Global Management Inc. | Add +6.4% | 1.47% | +0.01 |
| AEG Aegon Ltd.-NY Reg SHR | Add +10.4% | 0.09% | +0.01 |
| PWR Quanta Services Inc. | New | 0.00% | +0.00 |
| HBAN Huntington Bancshares Inc. | Add +1.0% | 0.02% | +0.00 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Add +1.9% | 0.08% | +0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +3.8% | 0.03% | +0.00 |
| PHG Koninklijke Philips NVR- NY | Add +26.2% | 0.01% | +0.00 |
| DOX Amdocs Ltd. | Add +9.3% | 0.92% | −0.00 |
| SRE Sempra | Add +1.8% | 0.41% | −0.00 |
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 |