Todd Asset Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Todd Asset Management LLC reported 175 stock positions worth $5.1 billion. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 2.3% of the portfolio, followed by Banco Santander SA-Spon ADR (SAN, 1.7%) and Rio Tinto PLC-Spon ADR (RIO, 1.7%). Compared with Q3 2025, it opened 12 new positions, sold out of 13, added to 55 and reduced 85. The biggest buy was Vale SA-SP ADR (VALE, shares +52%) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- Louisville, KY
- CIK
- 0001071483
- Portfolio Value
- $5.1B (Q4 2025)
- SEC Filing
- 0001172661-26-000535 ↗ filed Feb 9, 2026
Holdings Value
Holdings 175 stocks · $5.1B
| TEVA Teva Pharmaceutical-SP ADR | 2.30% | 3,777,137 | $117.9M | Reduce -6.4% |
| SAN Banco Santander SA-Spon ADR | 1.74% | 7,630,413 | $89.5M | Add +2.6% |
| RIO Rio Tinto PLC-Spon ADR | 1.69% | 1,084,815 | $86.8M | Reduce -0.8% |
| VALE Vale SA-SP ADR | 1.58% | 6,239,516 | $81.3M | Add +51.6% |
| CB Chubb Ltd. | 1.57% | 258,656 | $80.7M | Add +37.8% |
| BCS Barclays PLC-Spons ADR | 1.55% | 3,125,853 | $79.6M | Reduce -11.1% |
| JPM JPMorgan Chase & Co. | 1.54% | 245,701 | $79.2M | Reduce -0.2% |
| QCOM Qualcomm Inc. | 1.53% | 458,430 | $78.4M | Add +0.1% |
| ING ING Groep N.V.-Sponsored ADR | 1.51% | 2,763,710 | $77.4M | Reduce -1.1% |
| JBL Jabil Inc. | 1.49% | 336,356 | $76.7M | Add +1.9% |
| AER Aercap Holdings NV | 1.47% | 524,728 | $75.4M | Reduce -1.7% |
| NWG Natwest Group PLC -Spon ADR | 1.44% | 4,238,670 | $74.2M | Reduce -1.4% |
| MDT Medtronic PLC | 1.44% | 767,205 | $73.7M | Add +10.9% |
| TTE Totalenergies SE | 1.42% | 1,111,295 | $72.7M | Add +0.3% |
| GILD Gilead Sciences Inc. | 1.40% | 583,779 | $71.7M | Add +1.6% |
| SHEL Shell PLC-ADR | 1.38% | 960,857 | $70.6M | Reduce -0.6% |
| AVGO Broadcom Inc. | 1.34% | 199,033 | $68.9M | Reduce -0.2% |
| MS Morgan Stanley | 1.31% | 378,450 | $67.2M | Reduce -0.2% |
| BKNG Booking Holdings Inc. | 1.29% | 12,324 | $66.0M | Add +4.6% |
| KR Kroger Co. | 1.27% | 1,043,894 | $65.2M | Add +3.3% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 1.25% | 4,053,197 | $64.3M | Reduce -1.4% |
| CSCO Cisco Systems Inc. | 1.22% | 815,227 | $62.8M | Add +15.0% |
| CMI Cummins Inc. | 1.22% | 122,771 | $62.7M | Reduce -10.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.21% | 204,789 | $62.2M | Reduce -1.3% |
| NVS Novartis AG-Sponsored ADR | 1.17% | 434,246 | $59.9M | Reduce -1.3% |
| PH Parker Hannifin Corp. | 1.13% | 66,194 | $58.2M | Reduce -0.2% |
| CRH CRH PLC | 1.13% | 465,787 | $58.1M | Reduce -1.4% |
| CFG Citizens Financial Group | 1.13% | 991,510 | $57.9M | Add +10.6% |
| GOOGL Alphabet Inc. Class A | 1.09% | 178,678 | $55.9M | Reduce -0.2% |
| KLAC KLA Corp. | 1.07% | 45,136 | $54.8M | Reduce -11.4% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 1.04% | 1,827,626 | $53.4M | Reduce -1.1% |
| TPR Tapestry Inc. | 1.03% | 415,120 | $53.0M | Reduce -0.2% |
| HCA HCA Healthcare Inc. | 1.03% | 113,354 | $52.9M | Reduce -7.0% |
| URI United Rentals Inc. | 1.03% | 65,118 | $52.7M | Reduce -0.2% |
| ABBV Abbvie Inc. | 1.00% | 224,031 | $51.2M | Reduce -0.1% |
| NXPI NXP Semiconductors NV | 0.99% | 233,001 | $50.6M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.98% | 912,044 | $50.2M | Reduce -0.2% |
| AXP American Express Co. | 0.97% | 134,546 | $49.8M | Add +0.3% |
| FITB Fifth Third Bancorp | 0.96% | 1,053,835 | $49.3M | Reduce -0.3% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.95% | 2,766,841 | $48.9M | Add +5.8% |
| FSLR First Solar Inc. | 0.95% | 187,034 | $48.9M | Reduce -0.2% |
| BABA Alibaba Group Holding-SP ADR | 0.94% | 329,018 | $48.2M | Reduce -1.3% |
| T AT&T Inc. | 0.93% | 1,923,211 | $47.8M | Add +2.7% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.93% | 554,740 | $47.7M | Reduce -0.9% |
| MO Altria Group Inc. | 0.91% | 809,985 | $46.7M | Reduce -0.0% |
| NTES Netease Inc.-ADR | 0.90% | 336,485 | $46.3M | Reduce -1.0% |
| MCK McKesson Corp. | 0.89% | 55,653 | $45.7M | Reduce -0.2% |
| CTSH Cognizant Tech Solutions-A | 0.89% | 547,824 | $45.5M | Reduce -0.2% |
| BTI British American Tob-SP ADR | 0.88% | 800,230 | $45.3M | Reduce -0.4% |
| MFC Manulife Financial Corp. | 0.88% | 1,241,208 | $45.0M | Reduce -10.8% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.87% | 6,246,550 | $44.7M | Add +1.4% |
| DELL Dell Technologies -C | 0.85% | 348,103 | $43.8M | Reduce -12.4% |
| BWA Borgwarner Inc. | 0.85% | 963,518 | $43.4M | Reduce -0.2% |
| HII Huntington Ingalls Industrie | 0.84% | 127,089 | $43.2M | Reduce -0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.84% | 370,998 | $43.1M | Add +37.5% |
| AMGN Amgen Inc. | 0.82% | 128,765 | $42.1M | Reduce -0.2% |
| GEN Gen Digital Inc. | 0.82% | 1,548,083 | $42.1M | Add +33.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 140,962 | $41.8M | Reduce -0.2% |
| NRG NRG Energy Inc. | 0.80% | 258,602 | $41.2M | Add +76.0% |
| SLF Sun Life Financial Inc. | 0.80% | 656,126 | $40.9M | Reduce -2.3% |
| J Jacobs Solutions Inc. | 0.79% | 306,112 | $40.5M | Reduce -0.2% |
| YUMC Yum China Holdings Inc. | 0.78% | 843,664 | $40.3M | Add +0.3% |
| GEHC GE Healthcare Technology | 0.76% | 478,090 | $39.2M | Reduce -0.2% |
| AMP Ameriprise Financial Inc. | 0.76% | 79,968 | $39.2M | Reduce -19.2% |
| TXT Textron Inc. | 0.74% | 437,300 | $38.1M | Add +54.0% |
| AKAM Akamai Technologies Inc. | 0.73% | 429,949 | $37.5M | Add +63.8% |
| DKS Dick's Sporting Goods Inc. | 0.73% | 188,326 | $37.3M | Reduce -0.2% |
| FTI Technipfmc PLC | 0.72% | 825,835 | $36.8M | Add +52.2% |
| PBR Petroleo Brasileiro-Spon ADR | 0.71% | 3,059,639 | $36.3M | Reduce -2.5% |
| ZTO Zto Express Cayman Inc.-ADR | 0.69% | 1,697,019 | $35.5M | Add +17.9% |
| PDD PDD Holdings Inc. | 0.69% | 312,283 | $35.4M | Reduce -1.9% |
| APO Apollo Global Management Inc. | 0.69% | 242,944 | $35.2M | Reduce -0.3% |
| MAS Masco Corp. | 0.67% | 539,991 | $34.3M | Reduce -34.7% |
| SNY Sanofi-ADR | 0.65% | 689,227 | $33.4M | Reduce -1.4% |
| GM General Motors Co. | 0.63% | 399,488 | $32.5M | Reduce -15.6% |
| EXPE Expedia Group Inc. | 0.63% | 114,374 | $32.4M | Reduce -16.6% |
| OKE Oneok Inc. | 0.63% | 439,725 | $32.3M | Reduce -0.2% |
| SRE Sempra | 0.62% | 360,795 | $31.9M | Reduce -0.2% |
| SNN Smith & Nephew PLC -Spon ADR | 0.60% | 944,578 | $31.0M | Add +30.3% |
| FMS Fresenius Medical Care-ADR | 0.60% | 1,286,763 | $30.7M | Reduce -1.3% |
| HDB HDFC Bank Ltd.-ADR | 0.58% | 808,373 | $29.5M | Reduce -0.9% |
| SYF Synchrony Financial | 0.56% | 347,367 | $29.0M | Add +0.5% |
| DOX Amdocs Ltd. | 0.56% | 359,286 | $28.9M | Reduce -26.9% |
| UAL United Airlines Holdings Inc. | 0.56% | 258,019 | $28.9M | Reduce -12.5% |
| C Citigroup Inc. | 0.56% | 246,314 | $28.7M | New |
| INCY Incyte Corp. | 0.55% | 283,463 | $28.0M | Reduce -17.8% |
| STT State Street Corp. | 0.54% | 216,346 | $27.9M | Reduce -1.9% |
| WFC Wells Fargo & Co. | 0.54% | 297,601 | $27.7M | Add +2.4% |
| RL Ralph Lauren Corp. | 0.54% | 78,247 | $27.7M | Reduce -7.9% |
| AIG American International Group | 0.51% | 308,961 | $26.4M | Add +12.9% |
| TKO Tko Group Holdings Inc. | 0.51% | 125,120 | $26.2M | New |
| APTV Aptiv PLC | 0.51% | 343,261 | $26.1M | New |
| MGM MGM Resorts International | 0.50% | 709,520 | $25.9M | Add +9.2% |
| OMC Omnicom Group | 0.50% | 315,693 | $25.5M | New |
| JD Jd.com Inc.-ADR | 0.50% | 887,059 | $25.5M | Reduce -20.6% |
| ADBE Adobe Inc. | 0.49% | 72,026 | $25.2M | Add +17.5% |
| CCK Crown Holdings Inc. | 0.48% | 240,231 | $24.7M | New |
| GL Globe Life Inc. | 0.48% | 176,292 | $24.7M | New |
| NTAP Netapp Inc. | 0.43% | 207,024 | $22.2M | Reduce -5.6% |
| BBY Best Buy Co. Inc. | 0.42% | 323,951 | $21.7M | Reduce -8.8% |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −0.60 |
| PSX Phillips 66 | Reduce -95.2% | 0.02% | −0.54 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.53 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.53 |
| FOXA Fox Corp. Class A | Sold out | 0.00% | −0.53 |
| MAS Masco Corp. | Reduce -34.7% | 0.67% | −0.51 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.47 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.47 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.43 |
| ORCL Oracle Corp. | Reduce -29.5% | 0.37% | −0.41 |
| PGR Progressive Corp. | Reduce -41.9% | 0.39% | −0.37 |
| AZO AutoZone Inc. | Reduce -30.6% | 0.41% | −0.36 |
| JD Jd.com Inc.-ADR | Reduce -20.6% | 0.50% | −0.29 |
| DELL Dell Technologies -C | Reduce -12.4% | 0.85% | −0.29 |
| SONY Sony Group Corp. - SP ADR | Reduce -30.4% | 0.42% | −0.28 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.3% | 0.94% | −0.27 |
| DOX Amdocs Ltd. | Reduce -26.9% | 0.56% | −0.25 |
| VZ Verizon Communications Inc. | Reduce -33.1% | 0.37% | −0.25 |
| URI United Rentals Inc. | Reduce -0.2% | 1.03% | −0.23 |
| AMP Ameriprise Financial Inc. | Reduce -19.2% | 0.76% | −0.22 |
| MO Altria Group Inc. | Reduce -0.0% | 0.91% | −0.17 |
| PDD PDD Holdings Inc. | Reduce -1.9% | 0.69% | −0.16 |
| IAG Iamgold Corp. | Sold out | 0.00% | −0.15 |
| LEN Lennar Corp. Class A | Reduce -8.0% | 0.39% | −0.15 |
| NTES Netease Inc.-ADR | Reduce -1.0% | 0.90% | −0.14 |
| J Jacobs Solutions Inc. | Reduce -0.2% | 0.79% | −0.14 |
| DB Deutsche Bank AG-Registered | Reduce -60.5% | 0.10% | −0.14 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.14 |
| DKS Dick's Sporting Goods Inc. | Reduce -0.2% | 0.73% | −0.12 |
| BBY Best Buy Co. Inc. | Reduce -8.8% | 0.42% | −0.12 |
| FMS Fresenius Medical Care-ADR | Reduce -1.3% | 0.60% | −0.10 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -2.5% | 0.71% | −0.10 |
| NTAP Netapp Inc. | Reduce -5.6% | 0.43% | −0.09 |
| NXPI NXP Semiconductors NV | Reduce -0.3% | 0.99% | −0.09 |
| CDW CDW Corp. | Reduce -0.6% | 0.38% | −0.08 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Reduce -1.4% | 1.25% | −0.07 |
| ABBV Abbvie Inc. | Reduce -0.1% | 1.00% | −0.05 |
| DLR Digital Realty Trust Inc. | Reduce -3.3% | 0.26% | −0.05 |
| INCY Incyte Corp. | Reduce -17.8% | 0.55% | −0.05 |
| KLAC KLA Corp. | Reduce -11.4% | 1.07% | −0.04 |
| SRE Sempra | Reduce -0.2% | 0.62% | −0.04 |
| NVDA Nvidia Corp. | Reduce -29.0% | 0.07% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 1.54% | −0.03 |
| UL Unilever PLC-Sponsored ADR | Reduce -10.1% | 0.14% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -0.6% | 1.38% | −0.02 |
| OKE Oneok Inc. | Reduce -0.2% | 0.63% | −0.02 |
| HCA HCA Healthcare Inc. | Reduce -7.0% | 1.03% | −0.02 |
| SLF Sun Life Financial Inc. | Reduce -2.3% | 0.80% | −0.02 |
| SNY Sanofi-ADR | Reduce -1.4% | 0.65% | −0.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| VALE Vale SA-SP ADR | Add +51.6% | 1.58% | +0.68 |
| C Citigroup Inc. | New | 0.56% | +0.56 |
| TKO Tko Group Holdings Inc. | New | 0.51% | +0.51 |
| APTV Aptiv PLC | New | 0.51% | +0.51 |
| CB Chubb Ltd. | Add +37.8% | 1.57% | +0.50 |
| OMC Omnicom Group | New | 0.50% | +0.50 |
| CCK Crown Holdings Inc. | New | 0.48% | +0.48 |
| GL Globe Life Inc. | New | 0.48% | +0.48 |
| NFLX Netflix Inc. | New | 0.38% | +0.38 |
| AKAM Akamai Technologies Inc. | Add +63.8% | 0.73% | +0.33 |
| NRG NRG Energy Inc. | Add +76.0% | 0.80% | +0.32 |
| FTI Technipfmc PLC | Add +52.2% | 0.72% | +0.28 |
| TXT Textron Inc. | Add +54.0% | 0.74% | +0.26 |
| BNY Bank of New York Mellon Corp. | Add +37.5% | 0.84% | +0.24 |
| CSCO Cisco Systems Inc. | Add +15.0% | 1.22% | +0.24 |
| SAN Banco Santander SA-Spon ADR | Add +2.6% | 1.74% | +0.17 |
| CFG Citizens Financial Group | Add +10.6% | 1.13% | +0.16 |
| GEN Gen Digital Inc. | Add +33.5% | 0.82% | +0.15 |
| ZTO Zto Express Cayman Inc.-ADR | Add +17.9% | 0.69% | +0.13 |
| GILD Gilead Sciences Inc. | Add +1.6% | 1.40% | +0.11 |
| MDT Medtronic PLC | Add +10.9% | 1.44% | +0.10 |
| GFI Gold Fields Ltd.-Spons ADR | New | 0.10% | +0.10 |
| AIG American International Group | Add +12.9% | 0.51% | +0.08 |
| SSRM SSR Mining Inc. | New | 0.08% | +0.08 |
| TTE Totalenergies SE | Add +0.3% | 1.42% | +0.08 |
| SNN Smith & Nephew PLC -Spon ADR | Add +30.3% | 0.60% | +0.07 |
| AXP American Express Co. | Add +0.3% | 0.97% | +0.07 |
| SYF Synchrony Financial | Add +0.5% | 0.56% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +214.7% | 0.08% | +0.05 |
| YUMC Yum China Holdings Inc. | Add +0.3% | 0.78% | +0.05 |
| ADBE Adobe Inc. | Add +17.5% | 0.49% | +0.05 |
| MGM MGM Resorts International | Add +9.2% | 0.50% | +0.05 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +97.8% | 0.10% | +0.05 |
| WFC Wells Fargo & Co. | Add +2.4% | 0.54% | +0.05 |
| JBL Jabil Inc. | Add +1.9% | 1.49% | +0.04 |
| MUB iShares National Muni Bond E | New | 0.03% | +0.03 |
| KT KT Corp.-SP ADR | Add +30.6% | 0.10% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +35.8% | 0.08% | +0.01 |
| CWI State Street SPDR MSCI Acwi | New | 0.01% | +0.01 |
| SKM SK Telecom Co. Ltd.-Spon ADR | Add +18.2% | 0.09% | +0.01 |
| LLY Eli Lilly & Co. | New | 0.00% | +0.00 |
| TXRH Texas Roadhouse Inc. | Add +13.7% | 0.05% | +0.00 |
| BP BP PLC-Spons ADR | Add +6.9% | 0.10% | +0.00 |
| AAPL Apple Inc. | Add +0.9% | 0.09% | +0.00 |
| BNS Bank of Nova Scotia | Add +2.2% | 0.03% | +0.00 |
| LNC Lincoln National Corp. | Add +2.2% | 0.03% | +0.00 |
| XOM Exxon Mobil Corp. | Add +1.0% | 0.05% | +0.00 |
| ALKS Alkermes PLC | Add +36.4% | 0.01% | +0.00 |
| ALV Autoliv Inc. | Add +9.8% | 0.09% | +0.00 |
| MGA Magna International Inc. | Add +7.9% | 0.01% | +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 |