Vantage Investment Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Vantage Investment Partners, LLC reported 64 stock positions worth $1.2 billion. Its top holding was Unitedhealth (UNH) at 6.2% of the portfolio, followed by Eqt (EQT, 4.7%) and Alphabet Class C (GOOG, 4.4%). Compared with Q4 2024, it opened 5 new positions, sold out of 3, added to 29 and reduced 13. The biggest buy was a new position in Corpay (CPAY) and the biggest sale an exit from Costar (CSGP).

Most Recent 13F
Q1 2026
Location
KANSAS CITY, MO
CIK
0001534561
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001534561-25-000006 ↗ filed Apr 22, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.2B $1.2B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.5B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.4B Q1 2026

Holdings 64 stocks · $1.2B
UNH Unitedhealth Group Inc. 6.19% 140,751 $73.7M Reduce -3.4%
EQT Eqt Corp. 4.74% 1,057,054 $56.5M Reduce -6.1%
GOOG Alphabet Inc. Class C 4.43% 337,671 $52.8M Add +4.6%
WAB Wabtec Corp. 3.90% 256,310 $46.5M Add +5.3%
NOC Northrop Grumman Corp. 3.69% 85,882 $44.0M Add +0.4%
ORLY O'reilly Automotive Inc. 3.68% 30,609 $43.8M Reduce -4.4%
HEI Heico Corp. 3.64% 162,145 $43.3M Add +1.1%
LLY Eli Lilly & Co. 3.31% 47,643 $39.3M Add +175.1%
CNC Centene Corp. 3.28% 642,303 $39.0M Reduce -19.1%
AMZN Amazon.com Inc. 3.16% 197,505 $37.6M Add +387.1%
ASML ASML Holding NV-NY Reg SHS 3.13% 56,168 $37.2M Add +5.4%
AAPL Apple Inc. 3.08% 164,975 $36.6M Reduce -0.2%
MSFT Microsoft Corp. 3.06% 97,136 $36.5M Add +7.7%
CMG Chipotle Mexican Grill Inc. 3.04% 721,484 $36.2M Add +12.0%
CPAY Corpay Inc. 2.72% 92,872 $32.4M New
NKE Nike Inc. Class B 2.72% 509,318 $32.3M Add +10.6%
NVO Novo-Nordisk A/S-Spons ADR 2.68% 459,687 $31.9M Reduce -20.8%
XLF SS Financial Select Sector 2.63% 629,272 $31.3M New
NVDA Nvidia Corp. 2.43% 267,128 $29.0M Add +311.4%
MPWR Monolithic Power Systems Inc. 2.13% 43,768 $25.4M Add +26.1%
IDXX Idexx Laboratories Inc. 1.88% 53,217 $22.3M New
RTX RTX Corp. 1.31% 117,818 $15.6M Reduce -0.5%
PAYX Paychex Inc. 1.27% 97,875 $15.1M Reduce -0.5%
JPM JPMorgan Chase & Co. 1.25% 60,715 $14.9M No change
CSCO Cisco Systems Inc. 1.25% 240,646 $14.9M No change
MCD McDonald's Corp. 1.24% 47,128 $14.7M No change
AMT American Tower Corp. 1.23% 67,498 $14.7M Add +4.3%
FND Floor & Decor Holdings Inc. Class A 1.22% 180,103 $14.5M Reduce -22.4%
FAST Fastenal Co. 1.18% 181,138 $14.0M Add +2.3%
WSO Watsco Inc. 1.17% 27,336 $13.9M Add +4.3%
META Meta Platforms Inc. Class A 1.16% 23,982 $13.8M No change
SBUX Starbucks Corp. 1.16% 140,768 $13.8M No change
SCCO Southern Copper Corp. 1.11% 140,808 $13.2M Add +0.9%
LOW Lowe's Cos Inc. 1.10% 56,147 $13.1M Add +4.5%
AVGO Broadcom Inc. 1.09% 77,749 $13.0M Reduce -9.7%
BX Blackstone Inc. 1.08% 92,213 $12.9M Add +6.0%
FANG Diamondback Energy Inc. 1.07% 79,708 $12.7M Add +0.2%
ZTS Zoetis Inc. 1.06% 76,510 $12.6M New
NEE Nextera Energy Inc. 1.03% 173,556 $12.3M Add +0.6%
CAT Caterpillar Inc. 1.02% 36,963 $12.2M Add +7.3%
LMT Lockheed Martin Corp. 1.02% 27,155 $12.1M Add +1.8%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.96% 124,554 $11.4M Add +8.7%
TM Toyota Motor Corp. -Spon ADR 0.83% 55,979 $9.9M No change
V Visa Inc. Class A 0.73% 24,874 $8.7M Reduce -2.6%
COST Costco Wholesale Corp. 0.70% 8,801 $8.3M Reduce -0.4%
MA Mastercard Inc. Class A 0.66% 14,331 $7.9M Add +0.2%
ISRG Intuitive Surgical Inc. 0.65% 15,580 $7.7M No change
SHW The Sherwin-Williams Co. 0.63% 21,353 $7.5M Add +0.2%
SPGI S&P Global Inc. 0.58% 13,527 $6.9M No change
NXPI NXP Semiconductors NV 0.52% 32,518 $6.2M Add +4.8%
SNOW Snowflake Inc. 0.51% 41,328 $6.0M Add +0.3%
SPYM Ste STR SPDR PT S&P 500 ETF 0.15% 27,907 $1.8M Reduce -0.4%
GVI iShares Intermediate Governm 0.09% 9,976 $1.1M Add +15.9%
VYM Vanguard High DVD Yield ETF 0.09% 8,132 $1.0M No change
IBIT iShares Bitcoin Trust ETF 0.08% 19,132 $896K New
VTI VG Morningstar TS MKT ETF-US 0.05% 2,144 $589K No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.04% 9,495 $420K No change
DVY iShares Select Dividend ETF 0.03% 2,845 $382K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.03% 9,460 $344K No change
SPEM State Street SP PTF Em ETF 0.03% 8,478 $334K No change
VEU Vanguard Ftse All-World Ex-U 0.03% 5,493 $333K No change
FLRN SS SPDR BB Ig Float RT ETF 0.03% 10,365 $319K No change
SPSM SS SPDR P S&P 600 Small Cap 0.03% 7,825 $319K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 515 $288K Add +2.2%

Portfolio Sells Q4 2024 → Q1 2025
CSGP Costar Group Inc. Sold out 0.00% −3.83
FTAI Ftai Aviation Ltd. Sold out 0.00% −3.75
NVO Novo-Nordisk A/S-Spons ADR Reduce -20.8% 2.68% −1.67
PEP Pepsico Inc. Sold out 0.00% −1.09
CNC Centene Corp. Reduce -19.1% 3.28% −0.92
FND Floor & Decor Holdings Inc. Class A Reduce -22.4% 1.22% −0.80
AVGO Broadcom Inc. Reduce -9.7% 1.09% −0.65
AAPL Apple Inc. Reduce -0.2% 3.08% −0.53
UNH Unitedhealth Group Inc. Reduce -3.4% 6.19% −0.24
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -0.4% 0.15% −0.01
COST Costco Wholesale Corp. Reduce -0.4% 0.70% −0.01
V Visa Inc. Class A Reduce -2.6% 0.73% +0.03
PAYX Paychex Inc. Reduce -0.5% 1.27% +0.07
RTX RTX Corp. Reduce -0.5% 1.31% +0.12
EQT Eqt Corp. Reduce -6.1% 4.74% +0.22
ORLY O'reilly Automotive Inc. Reduce -4.4% 3.68% +0.37

Portfolio Buys Q4 2024 → Q1 2025
CPAY Corpay Inc. New 2.72% +2.72
XLF SS Financial Select Sector New 2.63% +2.63
AMZN Amazon.com Inc. Add +387.1% 3.16% +2.38
LLY Eli Lilly & Co. Add +175.1% 3.31% +2.14
IDXX Idexx Laboratories Inc. New 1.88% +1.88
NVDA Nvidia Corp. Add +311.4% 2.43% +1.67
ZTS Zoetis Inc. New 1.06% +1.06
MPWR Monolithic Power Systems Inc. Add +26.1% 2.13% +0.34
HEI Heico Corp. Add +1.1% 3.64% +0.32
AMT American Tower Corp. Add +4.3% 1.23% +0.20
NOC Northrop Grumman Corp. Add +0.4% 3.69% +0.20
WSO Watsco Inc. Add +4.3% 1.17% +0.08
IBIT iShares Bitcoin Trust ETF New 0.08% +0.08
FAST Fastenal Co. Add +2.3% 1.18% +0.07
GVI iShares Intermediate Governm Add +15.9% 0.09% +0.01
MA Mastercard Inc. Class A Add +0.2% 0.66% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +2.2% 0.02% −0.00
SCCO Southern Copper Corp. Add +0.9% 1.11% −0.00
SHW The Sherwin-Williams Co. Add +0.2% 0.63% −0.00
NXPI NXP Semiconductors NV Add +4.8% 0.52% −0.04
NEE Nextera Energy Inc. Add +0.6% 1.03% −0.04
SNOW Snowflake Inc. Add +0.3% 0.51% −0.05
LOW Lowe's Cos Inc. Add +4.5% 1.10% −0.06
CAT Caterpillar Inc. Add +7.3% 1.02% −0.07
FANG Diamondback Energy Inc. Add +0.2% 1.07% −0.07
ASML ASML Holding NV-NY Reg SHS Add +5.4% 3.13% −0.09
LMT Lockheed Martin Corp. Add +1.8% 1.02% −0.11
WAB Wabtec Corp. Add +5.3% 3.90% −0.12
TROW T Rowe Price Group Inc. Add +8.7% 0.96% −0.17
BX Blackstone Inc. Add +6.0% 1.08% −0.22
MSFT Microsoft Corp. Add +7.7% 3.06% −0.25
NKE Nike Inc. Class B Add +10.6% 2.72% −0.32
CMG Chipotle Mexican Grill Inc. Add +12.0% 3.04% −0.34
GOOG Alphabet Inc. Class C Add +4.6% 4.43% −0.93

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 64$1.4BGOOG, UNH, WSO, EQT, MSFT
Q4 2025 62$1.5BGOOG, UNH, EQT, WAB, ASML
Q3 2025 62$1.5BUNH, GOOG, NVDA, MSFT, EQT
Q2 2025 65$1.4BUNH, GOOG, EQT, MSFT, WAB
Q1 2025 64$1.2BUNH, EQT, GOOG, WAB, NOC
Q4 2024 62$1.1BUNH, GOOG, EQT, NVO, CNC
Q3 2024 63$1.2BUNH, ORLY, GOOG, CNC, NVO
Q2 2024 62$1.1BUNH, NVO, GOOG, ORLY, CMG
Q1 2024 62$1.1BNVO, UNH, ORLY, GOOG, CMG