Vantage Investment Partners, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Vantage Investment Partners, LLC reported 62 stock positions worth $1.5 billion. Its top holding was Unitedhealth (UNH) at 7.4% of the portfolio, followed by Alphabet Class C (GOOG, 6.5%) and Nvidia (NVDA, 4.2%). Compared with Q2 2025, it opened 2 new positions, sold out of 5, added to 11 and reduced 22. The biggest buy was Watsco (WSO, shares +258%) and the biggest sale an exit from Floor & Decor Class A (FND).

Most Recent 13F
Q1 2026
Location
KANSAS CITY, MO
CIK
0001534561
Portfolio Value
$1.5B (Q3 2025)
SEC Filing
0001534561-25-000008 ↗ filed Oct 30, 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 Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.5B $1.5B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.4B Q1 2026

Holdings 62 stocks · $1.5B
UNH Unitedhealth Group Inc. 7.35% 311,516 $107.6M Add +7.5%
GOOG Alphabet Inc. Class C 6.49% 390,002 $95.0M Reduce -2.9%
NVDA Nvidia Corp. 4.24% 332,342 $62.0M Reduce -4.8%
MSFT Microsoft Corp. 4.06% 114,625 $59.4M Reduce -3.2%
EQT Eqt Corp. 4.00% 1,075,633 $58.5M No change
ASML ASML Holding NV-NY Reg SHS 3.68% 55,665 $53.9M Reduce -5.6%
WAB Wabtec Corp. 3.67% 267,573 $53.6M No change
NOC Northrop Grumman Corp. 3.29% 79,078 $48.2M Reduce -4.1%
ORLY O'reilly Automotive Inc. 3.17% 430,418 $46.4M Reduce -9.7%
META Meta Platforms Inc. Class A 3.13% 62,339 $45.8M Reduce -4.0%
AMZN Amazon.com Inc. 3.04% 202,478 $44.5M Reduce -0.9%
AAPL Apple Inc. 2.96% 169,999 $43.3M Reduce -0.5%
MPWR Monolithic Power Systems Inc. 2.81% 44,584 $41.0M Reduce -6.2%
NKE Nike Inc. Class B 2.72% 570,484 $39.8M No change
LLY Eli Lilly & Co. 2.70% 51,825 $39.5M Add +5.8%
WSO Watsco Inc. 2.70% 97,730 $39.5M Add +257.5%
CMG Chipotle Mexican Grill Inc. 2.59% 968,639 $38.0M Add +18.6%
CPAY Corpay Inc. 2.57% 130,769 $37.7M Add +9.6%
IDXX Idexx Laboratories Inc. 2.48% 56,707 $36.2M Reduce -12.4%
NVO Novo-Nordisk A/S-Spons ADR 2.02% 533,565 $29.6M Add +17.5%
BRK.B Berkshire Hathaway Inc. Class B 1.80% 52,420 $26.4M Add +3.1%
HEI Heico Corp. 1.58% 71,430 $23.1M Reduce -17.5%
AVGO Broadcom Inc. 1.31% 58,249 $19.2M Reduce -15.4%
JPM JPMorgan Chase & Co. 1.28% 59,473 $18.8M Reduce -1.6%
RTX RTX Corp. 1.22% 106,987 $17.9M Reduce -8.2%
CAT Caterpillar Inc. 1.21% 36,963 $17.6M No change
FAST Fastenal Co. 1.20% 358,001 $17.6M Reduce -1.2%
SCCO Southern Copper Corp. 1.19% 143,626 $17.4M Add +1.0%
CSCO Cisco Systems Inc. 1.13% 240,561 $16.5M No change
HEI.A Heico Corp. Class A 1.12% 64,651 $16.4M No change
TM Toyota Motor Corp. -Spon ADR 1.12% 85,781 $16.4M No change
BX Blackstone Inc. 1.07% 91,545 $15.6M Reduce -0.7%
TSM Taiwan Semiconductor-SP ADR 1.02% 53,580 $15.0M New
MCD McDonald's Corp. 0.98% 47,128 $14.3M No change
LOW Lowe's Cos Inc. 0.96% 56,147 $14.1M No change
LMT Lockheed Martin Corp. 0.93% 27,155 $13.6M No change
NEE Nextera Energy Inc. 0.90% 173,556 $13.1M No change
FANG Diamondback Energy Inc. 0.89% 91,349 $13.1M Add +9.8%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.89% 127,189 $13.1M No change
AMT American Tower Corp. 0.89% 67,498 $13.0M No change
PAYX Paychex Inc. 0.85% 97,875 $12.4M No change
ZTS Zoetis Inc. 0.77% 77,103 $11.3M No change
GOOGL Alphabet Inc. Class A 0.77% 46,341 $11.3M No change
SNOW Snowflake Inc. 0.57% 37,163 $8.4M Reduce -7.1%
V Visa Inc. Class A 0.57% 24,382 $8.3M Reduce -2.0%
MA Mastercard Inc. Class A 0.56% 14,331 $8.2M No change
SHW The Sherwin-Williams Co. 0.55% 23,128 $8.0M No change
NXPI NXP Semiconductors NV 0.53% 34,193 $7.8M No change
COST Costco Wholesale Corp. 0.53% 8,355 $7.7M Reduce -5.1%
ISRG Intuitive Surgical Inc. 0.50% 16,276 $7.3M Add +0.1%
SPGI S&P Global Inc. 0.48% 14,426 $7.0M No change
MKL Markel Group Inc. 0.46% 3,527 $6.7M New
GVI iShares Intermediate Governm 0.10% 13,789 $1.5M Add +12.7%
IBIT iShares Bitcoin Trust ETF 0.09% 19,132 $1.2M No change
VYM Vanguard High DVD Yield ETF 0.08% 8,132 $1.1M No change
SPYM Ste STR SPDR PT S&P 500 ETF 0.06% 11,641 $912K Reduce -58.3%
VTI VG Morningstar TS MKT ETF-US 0.05% 2,144 $704K No change
DVY iShares Select Dividend ETF 0.03% 2,845 $404K No change
VEU Vanguard Ftse All-World Ex-U 0.03% 5,493 $392K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 515 $343K No change
FLRN SS SPDR BB Ig Float RT ETF 0.02% 10,365 $320K No change
SPYD SS SPDR P S&P 500 Hi Div ETF 0.02% 5,365 $236K Reduce -44.4%

Portfolio Sells Q2 2025 → Q3 2025
FND Floor & Decor Holdings Inc. Class A Sold out 0.00% −1.28
SBUX Starbucks Corp. Sold out 0.00% −0.94
HEI Heico Corp. Reduce -17.5% 1.58% −0.49
META Meta Platforms Inc. Class A Reduce -4.0% 3.13% −0.36
MSFT Microsoft Corp. Reduce -3.2% 4.06% −0.23
AMZN Amazon.com Inc. Reduce -0.9% 3.04% −0.22
COST Costco Wholesale Corp. Reduce -5.1% 0.53% −0.11
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -58.3% 0.06% −0.09
SNOW Snowflake Inc. Reduce -7.1% 0.57% −0.08
V Visa Inc. Class A Reduce -2.0% 0.57% −0.07
AVGO Broadcom Inc. Reduce -15.4% 1.31% −0.07
IDXX Idexx Laboratories Inc. Reduce -12.4% 2.48% −0.05
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.03
SPEM State Street SP PTF Em ETF Sold out 0.00% −0.03
SPSM SS SPDR P S&P 600 Small Cap Sold out 0.00% −0.02
RTX RTX Corp. Reduce -8.2% 1.22% −0.02
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -44.4% 0.02% −0.01
JPM JPMorgan Chase & Co. Reduce -1.6% 1.28% +0.01
ORLY O'reilly Automotive Inc. Reduce -9.7% 3.17% +0.04
BX Blackstone Inc. Reduce -0.7% 1.07% +0.07
FAST Fastenal Co. Reduce -1.2% 1.20% +0.09
NVDA Nvidia Corp. Reduce -4.8% 4.24% +0.22
ASML ASML Holding NV-NY Reg SHS Reduce -5.6% 3.68% +0.24
MPWR Monolithic Power Systems Inc. Reduce -6.2% 2.81% +0.27
NOC Northrop Grumman Corp. Reduce -4.1% 3.29% +0.29
AAPL Apple Inc. Reduce -0.5% 2.96% +0.41
GOOG Alphabet Inc. Class C Reduce -2.9% 6.49% +1.30

Portfolio Buys Q2 2025 → Q3 2025
WSO Watsco Inc. Add +257.5% 2.70% +1.82
TSM Taiwan Semiconductor-SP ADR New 1.02% +1.02
UNH Unitedhealth Group Inc. Add +7.5% 7.35% +0.77
MKL Markel Group Inc. New 0.46% +0.46
SCCO Southern Copper Corp. Add +1.0% 1.19% +0.14
FANG Diamondback Energy Inc. Add +9.8% 0.89% +0.06
GVI iShares Intermediate Governm Add +12.7% 0.10% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +3.1% 1.80% +0.00
LLY Eli Lilly & Co. Add +5.8% 2.70% −0.08
ISRG Intuitive Surgical Inc. Add +0.1% 0.50% −0.15
NVO Novo-Nordisk A/S-Spons ADR Add +17.5% 2.02% −0.26
CPAY Corpay Inc. Add +9.6% 2.57% −0.31
CMG Chipotle Mexican Grill Inc. Add +18.6% 2.59% −0.75

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