Todd Asset Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Todd Asset Management LLC reported 176 stock positions worth $4.9 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 1.6% of the portfolio, followed by Banco Santander SA-Spon ADR (SAN, 1.6%) and JPMorgan Chase (JPM, 1.6%). Compared with Q2 2025, it opened 10 new positions, sold out of 4, added to 48 and reduced 81. The biggest buy was Cisco Systems (CSCO, shares +10601%) and the biggest sale Apollo Global Management (APO, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- Louisville, KY
- CIK
- 0001071483
- Portfolio Value
- $4.9B (Q3 2025)
- SEC Filing
- 0001172661-25-004620 ↗ filed Nov 7, 2025
Holdings Value
Holdings 176 stocks · $4.9B
| TEVA Teva Pharmaceutical-SP ADR | 1.65% | 4,036,597 | $81.5M | Add +2.9% |
| SAN Banco Santander SA-Spon ADR | 1.58% | 7,436,332 | $77.9M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 1.57% | 246,126 | $77.6M | Reduce -0.8% |
| QCOM Qualcomm Inc. | 1.54% | 458,153 | $76.2M | Reduce -4.2% |
| ING ING Groep N.V.-Sponsored ADR | 1.47% | 2,795,403 | $72.9M | Add +1.0% |
| BCS Barclays PLC-Spons ADR | 1.47% | 3,516,095 | $72.7M | Add +4.0% |
| RIO Rio Tinto PLC-Spon ADR | 1.46% | 1,093,903 | $72.2M | Add +2.4% |
| JBL Jabil Inc. | 1.45% | 330,177 | $71.7M | Reduce -23.4% |
| SHEL Shell PLC-ADR | 1.40% | 966,252 | $69.1M | Reduce -20.1% |
| KR Kroger Co. | 1.38% | 1,010,556 | $68.1M | Add +7.7% |
| TTE Totalenergies SE -Spon ADR | 1.34% | 1,108,303 | $66.2M | Reduce -6.1% |
| MDT Medtronic PLC | 1.33% | 691,597 | $65.9M | Add +69.6% |
| AVGO Broadcom Inc. | 1.33% | 199,345 | $65.8M | Reduce -18.9% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 1.32% | 4,109,932 | $65.5M | Add +0.3% |
| AER Aercap Holdings NV | 1.31% | 533,961 | $64.6M | Add +1.5% |
| GILD Gilead Sciences Inc. | 1.29% | 574,477 | $63.8M | Reduce -3.8% |
| BKNG Booking Holdings Inc. | 1.29% | 11,785 | $63.6M | Reduce -11.3% |
| URI United Rentals Inc. | 1.26% | 65,222 | $62.3M | Reduce -0.9% |
| NWG Natwest Group PLC -Spon ADR | 1.23% | 4,298,453 | $60.8M | Add +5.7% |
| MS Morgan Stanley | 1.22% | 379,130 | $60.3M | Reduce -0.9% |
| BABA Alibaba Group Holding-SP ADR | 1.21% | 333,465 | $59.6M | Reduce -4.3% |
| MAS Masco Corp. | 1.18% | 826,489 | $58.2M | Reduce -0.9% |
| CMI Cummins Inc. | 1.17% | 137,529 | $58.1M | Reduce -0.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.17% | 207,453 | $57.9M | Add +5.0% |
| CRH CRH PLC | 1.15% | 472,419 | $56.6M | Reduce -12.1% |
| NVS Novartis AG-Sponsored ADR | 1.14% | 439,879 | $56.4M | Add +5.8% |
| DELL Dell Technologies -C | 1.14% | 397,603 | $56.4M | Reduce -1.1% |
| KLAC KLA Corp. | 1.11% | 50,961 | $55.0M | Add +11.2% |
| MO Altria Group Inc. | 1.08% | 810,326 | $53.5M | Reduce -0.9% |
| NXPI NXP Semiconductors NV | 1.08% | 233,643 | $53.2M | Reduce -9.0% |
| CB Chubb Ltd. | 1.07% | 187,713 | $53.0M | Reduce -28.1% |
| T AT&T Inc. | 1.07% | 1,872,311 | $52.9M | Reduce -4.5% |
| ABBV Abbvie Inc. | 1.05% | 224,317 | $51.9M | Reduce -1.8% |
| HCA HCA Healthcare Inc. | 1.05% | 121,835 | $51.9M | Reduce -1.0% |
| NTES Netease Inc.-ADR | 1.04% | 339,935 | $51.7M | Add +5.4% |
| VIPS Vipshop Holdings Ltd. - ADR | 1.04% | 2,615,109 | $51.4M | Add +36.9% |
| PH Parker Hannifin Corp. | 1.02% | 66,313 | $50.3M | Reduce -0.9% |
| AMP Ameriprise Financial Inc. | 0.98% | 98,936 | $48.6M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 0.98% | 709,074 | $48.5M | Add +10601.4% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 0.98% | 1,847,014 | $48.2M | Add +6.1% |
| CFG Citizens Financial Group | 0.96% | 896,736 | $47.7M | Add +7.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.95% | 913,675 | $47.1M | Reduce -0.9% |
| TPR Tapestry Inc. | 0.95% | 415,886 | $47.1M | Reduce -25.8% |
| FITB Fifth Third Bancorp | 0.95% | 1,056,773 | $47.1M | Reduce -0.9% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.94% | 560,017 | $46.4M | Add +5.9% |
| J Jacobs Solutions Inc. | 0.93% | 306,646 | $46.0M | Reduce -1.0% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.91% | 6,162,981 | $45.2M | Add +5.3% |
| VALE Vale SA-SP ADR | 0.90% | 4,115,104 | $44.7M | Add +50.5% |
| AXP American Express Co. | 0.90% | 134,123 | $44.6M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 0.88% | 178,987 | $43.5M | Reduce -11.9% |
| MFC Manulife Financial Corp. | 0.88% | 1,391,938 | $43.4M | Add +6.2% |
| MCK McKesson Corp. | 0.87% | 55,757 | $43.1M | Reduce -0.8% |
| BTI British American Tob-SP ADR | 0.86% | 803,432 | $42.6M | Reduce -5.4% |
| BWA Borgwarner Inc. | 0.86% | 965,287 | $42.4M | Reduce -1.1% |
| PDD PDD Holdings Inc. | 0.85% | 318,435 | $42.1M | Add +22.9% |
| DKS Dick's Sporting Goods Inc. | 0.85% | 188,666 | $41.9M | Reduce -0.9% |
| FSLR First Solar Inc. | 0.84% | 187,376 | $41.3M | Add +18.2% |
| SLF Sun Life Financial Inc. | 0.82% | 671,520 | $40.3M | Add +5.7% |
| DOX Amdocs Ltd. | 0.82% | 491,197 | $40.3M | Add +5.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 141,215 | $39.8M | Reduce -0.9% |
| PBR Petroleo Brasileiro-Spon ADR | 0.80% | 3,137,096 | $39.7M | Add +4.9% |
| JD Jd.com Inc.-ADR | 0.79% | 1,116,629 | $39.1M | Add +8.3% |
| ORCL Oracle Corp. | 0.78% | 137,322 | $38.6M | Reduce -32.6% |
| AZO AutoZone Inc. | 0.77% | 8,862 | $38.0M | Reduce -35.0% |
| PGR Progressive Corp. | 0.76% | 152,927 | $37.8M | Reduce -1.0% |
| CTSH Cognizant Tech Solutions-A | 0.74% | 548,763 | $36.8M | Add +23.7% |
| HII Huntington Ingalls Industrie | 0.74% | 127,329 | $36.7M | Add +21.2% |
| AMGN Amgen Inc. | 0.74% | 128,991 | $36.4M | Reduce -1.0% |
| YUMC Yum China Holdings Inc. | 0.73% | 841,526 | $36.1M | Add +5.8% |
| GEHC GE Healthcare Technology | 0.73% | 478,961 | $36.0M | Add +21.6% |
| SONY Sony Group Corp. - SP ADR | 0.70% | 1,197,628 | $34.5M | Add +6.0% |
| FMS Fresenius Medical Care-ADR | 0.69% | 1,303,424 | $34.3M | Add +5.2% |
| SNY Sanofi-ADR | 0.67% | 699,074 | $33.0M | Add +4.5% |
| GEN Gen Digital Inc. | 0.67% | 1,159,660 | $32.9M | Reduce -0.9% |
| SRE Sempra | 0.66% | 361,467 | $32.5M | Add +43.0% |
| APO Apollo Global Management Inc. | 0.66% | 243,654 | $32.5M | Reduce -49.1% |
| OKE Oneok Inc. | 0.65% | 440,801 | $32.2M | Reduce -36.8% |
| VZ Verizon Communications Inc. | 0.62% | 696,346 | $30.6M | Reduce -0.6% |
| FISV Fiserv Inc. | 0.60% | 232,016 | $29.9M | Reduce -33.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.59% | 269,856 | $29.4M | Add +126.1% |
| EXPE Expedia Group Inc. | 0.59% | 137,215 | $29.3M | Reduce -9.8% |
| INCY Incyte Corp. | 0.59% | 345,023 | $29.3M | Reduce -16.8% |
| GM General Motors Co. | 0.58% | 473,161 | $28.8M | Reduce -11.8% |
| UAL United Airlines Holdings Inc. | 0.58% | 294,834 | $28.5M | Reduce -23.1% |
| PSX Phillips 66 | 0.56% | 205,121 | $27.9M | Reduce -4.2% |
| HDB HDFC Bank Ltd.-ADR | 0.56% | 815,880 | $27.9M | Add +5.7% |
| ZTO Zto Express Cayman Inc.-ADR | 0.56% | 1,439,998 | $27.6M | Add +6.3% |
| BBY Best Buy Co. Inc. | 0.54% | 355,081 | $26.9M | Add +0.9% |
| RL Ralph Lauren Corp. | 0.54% | 84,964 | $26.6M | Reduce -24.3% |
| CBRE CBRE Group Inc. Class A | 0.53% | 167,573 | $26.4M | New |
| LEN Lennar Corp. Class A | 0.53% | 209,224 | $26.4M | New |
| IPG Interpublic Group of Cos Inc. | 0.53% | 944,731 | $26.4M | Reduce -0.9% |
| SNN Smith & Nephew PLC -Spon ADR | 0.53% | 725,230 | $26.3M | New |
| FOXA Fox Corp. Class A | 0.53% | 415,479 | $26.2M | Reduce -7.7% |
| NTAP Netapp Inc. | 0.53% | 219,226 | $26.0M | Reduce -22.6% |
| STT State Street Corp. | 0.52% | 220,639 | $25.6M | Reduce -22.6% |
| SYF Synchrony Financial | 0.50% | 345,735 | $24.6M | Reduce -28.0% |
| WFC Wells Fargo & Co. | 0.49% | 290,680 | $24.4M | Reduce -18.3% |
| RCL Royal Caribbean Cruises Ltd. | 0.49% | 74,132 | $24.0M | Reduce -40.3% |
| TXT Textron Inc. | 0.49% | 283,866 | $24.0M | Reduce -0.9% |
Portfolio Sells Q2 2025 → Q3 2025
| APO Apollo Global Management Inc. | Reduce -49.1% | 0.66% | −0.81 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.79 |
| FISV Fiserv Inc. | Reduce -33.3% | 0.60% | −0.69 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.62 |
| OKE Oneok Inc. | Reduce -36.8% | 0.65% | −0.58 |
| JBL Jabil Inc. | Reduce -23.4% | 1.45% | −0.58 |
| CB Chubb Ltd. | Reduce -28.1% | 1.07% | −0.56 |
| SHEL Shell PLC-ADR | Reduce -20.1% | 1.40% | −0.44 |
| NRG NRG Energy Inc. | Reduce -43.5% | 0.48% | −0.42 |
| BKNG Booking Holdings Inc. | Reduce -11.3% | 1.29% | −0.37 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -40.3% | 0.49% | −0.35 |
| AZO AutoZone Inc. | Reduce -35.0% | 0.77% | −0.32 |
| NVR NVR Inc. | Reduce -86.0% | 0.05% | −0.32 |
| TTE Totalenergies SE -Spon ADR | Reduce -6.1% | 1.34% | −0.22 |
| EMN Eastman Chemical Co. | Reduce -14.4% | 0.47% | −0.22 |
| SYF Synchrony Financial | Reduce -28.0% | 0.50% | −0.19 |
| ORCL Oracle Corp. | Reduce -32.6% | 0.78% | −0.18 |
| MGM MGM Resorts International | Reduce -24.1% | 0.46% | −0.18 |
| AMP Ameriprise Financial Inc. | Reduce -0.8% | 0.98% | −0.16 |
| T AT&T Inc. | Reduce -4.5% | 1.07% | −0.15 |
| GILD Gilead Sciences Inc. | Reduce -3.8% | 1.29% | −0.14 |
| STT State Street Corp. | Reduce -22.6% | 0.52% | −0.14 |
| NXPI NXP Semiconductors NV | Reduce -9.0% | 1.08% | −0.13 |
| AVGO Broadcom Inc. | Reduce -18.9% | 1.33% | −0.13 |
| NTAP Netapp Inc. | Reduce -22.6% | 0.53% | −0.13 |
| RL Ralph Lauren Corp. | Reduce -24.3% | 0.54% | −0.12 |
| PGR Progressive Corp. | Reduce -1.0% | 0.76% | −0.12 |
| WFC Wells Fargo & Co. | Reduce -18.3% | 0.49% | −0.12 |
| ADBE Adobe Inc. | Reduce -7.8% | 0.44% | −0.12 |
| TPR Tapestry Inc. | Reduce -25.8% | 0.95% | −0.11 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −0.10 |
| LOGI Logitech International-Reg | Sold out | 0.00% | −0.10 |
| QCOM Qualcomm Inc. | Reduce -4.2% | 1.54% | −0.10 |
| IBM Intl Business Machines Corp. | Reduce -0.9% | 0.81% | −0.10 |
| AIG American International Group | Reduce -5.0% | 0.43% | −0.10 |
| UAL United Airlines Holdings Inc. | Reduce -23.1% | 0.58% | −0.08 |
| GEN Gen Digital Inc. | Reduce -0.9% | 0.67% | −0.08 |
| AKAM Akamai Technologies Inc. | Reduce -0.4% | 0.40% | −0.05 |
| AMGN Amgen Inc. | Reduce -1.0% | 0.74% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -0.6% | 0.62% | −0.03 |
| AXP American Express Co. | Reduce -0.8% | 0.90% | −0.03 |
| DLR Digital Realty Trust Inc. | Reduce -0.6% | 0.31% | −0.03 |
| PM Philip Morris International | Reduce -17.6% | 0.05% | −0.02 |
| MCK McKesson Corp. | Reduce -0.8% | 0.87% | −0.02 |
| UL Unilever PLC | Reduce -0.3% | 0.16% | −0.02 |
| INCY Incyte Corp. | Reduce -16.8% | 0.59% | −0.02 |
| KT KT Corp.-SP ADR | Reduce -6.0% | 0.08% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -35.9% | 0.03% | −0.01 |
| FOXA Fox Corp. Class A | Reduce -7.7% | 0.53% | −0.01 |
| TXT Textron Inc. | Reduce -0.9% | 0.49% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| CSCO Cisco Systems Inc. | Add +10601.4% | 0.98% | +0.97 |
| MDT Medtronic PLC | Add +69.6% | 1.33% | +0.57 |
| CBRE CBRE Group Inc. Class A | New | 0.53% | +0.53 |
| LEN Lennar Corp. Class A | New | 0.53% | +0.53 |
| SNN Smith & Nephew PLC -Spon ADR | New | 0.53% | +0.53 |
| DVA Davita Inc. | New | 0.44% | +0.44 |
| FTI Technipfmc PLC | New | 0.43% | +0.43 |
| PAYC Paycom Software Inc. | New | 0.43% | +0.43 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +36.9% | 1.04% | +0.42 |
| BNY Bank of New York Mellon Corp. | Add +126.1% | 0.59% | +0.36 |
| VALE Vale SA-SP ADR | Add +50.5% | 0.90% | +0.33 |
| FSLR First Solar Inc. | Add +18.2% | 0.84% | +0.27 |
| PDD PDD Holdings Inc. | Add +22.9% | 0.85% | +0.27 |
| SRE Sempra | Add +43.0% | 0.66% | +0.24 |
| DB Deutsche Bank AG-Registered | New | 0.24% | +0.24 |
| TEVA Teva Pharmaceutical-SP ADR | Add +2.9% | 1.65% | +0.23 |
| KLAC KLA Corp. | Add +11.2% | 1.11% | +0.23 |
| TSM Taiwan Semiconductor-SP ADR | Add +5.0% | 1.17% | +0.21 |
| HII Huntington Ingalls Industrie | Add +21.2% | 0.74% | +0.19 |
| ING ING Groep N.V.-Sponsored ADR | Add +1.0% | 1.47% | +0.17 |
| CFG Citizens Financial Group | Add +7.5% | 0.96% | +0.16 |
| CDW CDW Corp. | Add +68.2% | 0.46% | +0.13 |
| IX Orix - Sponsored ADR | Add +6.1% | 0.98% | +0.13 |
| RIO Rio Tinto PLC-Spon ADR | Add +2.4% | 1.46% | +0.12 |
| BCS Barclays PLC-Spons ADR | Add +4.0% | 1.47% | +0.11 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +0.3% | 1.32% | +0.11 |
| NTES Netease Inc.-ADR | Add +5.4% | 1.04% | +0.11 |
| GEHC GE Healthcare Technology | Add +21.6% | 0.73% | +0.10 |
| IAG Iamgold Corp. | Add +29.4% | 0.15% | +0.08 |
| JD Jd.com Inc.-ADR | Add +8.3% | 0.79% | +0.06 |
| SONY Sony Group Corp. - SP ADR | Add +6.0% | 0.70% | +0.06 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +5.3% | 0.91% | +0.06 |
| NVS Novartis AG-Sponsored ADR | Add +5.8% | 1.14% | +0.06 |
| KGC Kinross Gold Corp. | Add +12.6% | 0.14% | +0.06 |
| ZTO Zto Express Cayman Inc.-ADR | Add +6.3% | 0.56% | +0.04 |
| BBY Best Buy Co. Inc. | Add +0.9% | 0.54% | +0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +68.4% | 0.05% | +0.02 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.01% | +0.01 |
| MGA Magna International Inc. | New | 0.01% | +0.01 |
| PRGO Perrigo Co. PLC | New | 0.01% | +0.01 |
| GIS General Mills Inc. | Add +29.7% | 0.03% | +0.01 |
| ITW Illinois Tool Works | Add +7.2% | 0.02% | +0.00 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Add +15.1% | 0.08% | −0.00 |
| CTSH Cognizant Tech Solutions-A | Add +23.7% | 0.74% | −0.00 |
| KB KB Financial Group Inc.-ADR | Add +5.9% | 0.94% | −0.00 |
| PBR Petroleo Brasileiro-Spon ADR | Add +4.9% | 0.80% | −0.00 |
| NWG Natwest Group PLC -Spon ADR | Add +5.7% | 1.23% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +6.3% | 0.07% | −0.02 |
| TMUS T-Mobile US Inc. | Add +1.9% | 0.47% | −0.02 |
| AER Aercap Holdings NV | Add +1.5% | 1.31% | −0.02 |
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 |