Zuckerman Investment Group, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Zuckerman Investment Group, LLC reported 146 stock positions worth $864.7 million. Its top holding was Vertiv Class A (VRT) at 8.3% of the portfolio, followed by Ulta Beauty (ULTA, 4.4%) and McKesson (MCK, 4.1%). Compared with Q1 2024, it opened 6 new positions, sold out of 5, added to 64 and reduced 29. The biggest buy was Chewy Class A (CHWY, shares +5403%) and the biggest sale Vertiv Class A (VRT, shares −25%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001423296
Portfolio Value
$864.7M (Q2 2024)
SEC Filing
0001423296-24-000007 ↗ filed Aug 12, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $866.0M Q1 2024 Q2 2024: $864.7M $864.7M Q2 2024 Q3 2024: $971.6M Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $931.3M Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B Q4 2025 Q1 2026: $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 146 stocks · $864.7M
VRT Vertiv Holdings Co. Class A 8.26% 824,916 $71.4M Reduce -25.3%
ULTA Ulta Beauty Inc. 4.38% 98,148 $37.9M Add +34.1%
MCK McKesson Corp. 4.07% 60,303 $35.2M Add +0.1%
DKS Dick's Sporting Goods Inc. 3.43% 138,191 $29.7M Reduce -0.6%
MSFT Microsoft Corp. 3.35% 64,911 $29.0M Add +0.3%
PNR Pentair PLC 3.27% 368,617 $28.3M Add +0.1%
GOOGL Alphabet Inc. Class A 3.26% 154,892 $28.2M Reduce -1.2%
BRK.B Berkshire Hathaway Inc. Class B 2.95% 62,790 $25.5M Add +0.1%
HSIC Henry Schein Inc. 2.77% 374,280 $24.0M Add +34.6%
PGR Progressive Corp. 2.74% 114,154 $23.7M Reduce -0.2%
CSW CSW Industrials Inc. 2.69% 87,771 $23.3M Reduce -0.1%
KKR KKR & Co. Inc. 2.47% 202,573 $21.3M Add +0.0%
AAPL Apple Inc. 2.30% 94,248 $19.9M Add +0.3%
META Meta Platforms Inc. Class A 2.29% 39,336 $19.8M Add +0.1%
AVTR Avantor Inc. 2.25% 918,247 $19.5M Add +2.4%
KVUE Kenvue Inc. 1.97% 937,910 $17.1M Add +2.7%
AMZN Amazon.com Inc. 1.97% 87,931 $17.0M Add +0.8%
OPLN Openlane Inc. 1.94% 1,008,710 $16.7M Add +24.8%
CSWC Capital Southwest Corp. 1.93% 640,652 $16.7M Reduce -0.4%
BCO The Brink's Co. 1.89% 159,456 $16.3M Reduce -23.3%
VDE Vanguard Energy ETF 1.77% 119,814 $15.3M Add +0.5%
CHWY Chewy Inc. Class A 1.73% 550,278 $15.0M Add +5402.8%
SHYF The Shyft Group Inc. 1.73% 1,259,566 $14.9M Reduce -3.9%
OIH Vaneck Oil Services ETF 1.72% 46,956 $14.8M Add +0.2%
YUMC Yum China Holdings Inc. 1.65% 461,469 $14.2M Add +19.2%
VWO Vanguard Ftse Emerging Marke 1.61% 318,059 $13.9M Add +5.6%
CDW CDW Corp. 1.55% 59,820 $13.4M Add +0.2%
VEA Vanguard Ftse Developed ETF 1.52% 265,515 $13.1M Add +7.5%
ABBV Abbvie Inc. 1.51% 76,129 $13.1M Add +0.1%
BRK.A Berkshire Hathaway Inc. Class A 1.49% 21 $12.9M No change
JPM JPMorgan Chase & Co. 1.41% 60,473 $12.2M Reduce -0.1%
PTLO Portillo's Inc. Class A 1.38% 1,226,596 $11.9M Reduce -4.0%
VOO Vanguard S&P 500 ETF 1.37% 23,764 $11.9M Add +9.0%
AAP Advance Auto Parts Inc. 1.19% 162,047 $10.3M Reduce -2.4%
SBUX Starbucks Corp. 1.02% 113,399 $8.8M Add +3.1%
MRK Merck & Co. Inc. 0.98% 68,267 $8.5M Add +0.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.90% 32,304 $7.8M Add +11.9%
ABT Abbott Laboratories 0.87% 72,325 $7.5M Add +0.1%
HLMN Hillman Solutions Corp. 0.84% 825,411 $7.3M Add +86.7%
XLF SS Financial Select Sector 0.84% 176,872 $7.3M Add +0.8%
UHAL.B U-Haul Holding Co.-Non Voting 0.78% 111,694 $6.7M Add +0.8%
VTWO Vanguard Russell 2000 ETF 0.69% 72,393 $5.9M Add +17.2%
IWF iShares Russell 1000 Growth 0.66% 15,695 $5.7M Add +17.3%
QQQ Invesco QQQ Trust Series 1 0.59% 10,601 $5.1M Add +0.0%
IUSV iShares Core S&P U.S. Value 0.56% 55,023 $4.8M Add +27.0%
PLTR Palantir Technologies Inc. Class A 0.56% 189,562 $4.8M Add +1.2%
IEMG iShares Core MSCI Emerging 0.55% 88,909 $4.8M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.37% 32,518 $3.2M Add +11.0%
JNJ Johnson & Johnson 0.27% 15,978 $2.3M Add +16.6%
PEP Pepsico Inc. 0.25% 13,350 $2.2M Add +19.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.25% 55,060 $2.2M Reduce 0.0%
TSLA Tesla Inc. 0.25% 10,870 $2.2M Reduce -4.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 11,760 $2.0M Reduce -0.8%
XLB SS Materials Select Sector 0.23% 22,800 $2.0M Add +1.1%
V Visa Inc. Class A 0.23% 7,540 $2.0M Add +0.8%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.23% 20,000 $2.0M No change
PFE Pfizer Inc. 0.21% 66,064 $1.8M Reduce -18.5%
VZ Verizon Communications Inc. 0.21% 44,369 $1.8M Add +11.1%
BMY Bristol-Myers Squibb Co. 0.21% 43,140 $1.8M Add +228.3%
HD Home Depot Inc. 0.19% 4,718 $1.6M Add +10.9%
ATR Aptargroup Inc. 0.17% 10,520 $1.5M No change
GOOG Alphabet Inc. Class C 0.17% 8,064 $1.5M Reduce -0.7%
CBOE Cboe Global Markets Inc. 0.17% 8,415 $1.4M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.15% 18,909 $1.3M Add +20.4%
XLRE SS Real Estate Select Sector 0.14% 32,122 $1.2M Add +5.9%
VYM Vanguard High DVD Yield ETF 0.14% 9,943 $1.2M Add +14.6%
MA Mastercard Inc. Class A 0.13% 2,550 $1.1M Add +0.8%
ORCL Oracle Corp. 0.13% 7,877 $1.1M No change
INTC Intel Corp. 0.12% 33,831 $1.0M Add +6.0%
UNH Unitedhealth Group Inc. 0.12% 2,052 $1.0M Add +66.2%
C Citigroup Inc. 0.12% 16,450 $1.0M Add +2.8%
LLY Eli Lilly & Co. 0.10% 1,001 $906K No change
ARCC Ares Capital Corp. 0.10% 43,000 $896K No change
TMO Thermo Fisher Scientific Inc. 0.10% 1,616 $894K No change
CEG Constellation Energy 0.10% 4,417 $885K No change
NVDA Nvidia Corp. 0.10% 7,132 $881K Add +58.1%
NVO Novo-Nordisk A/S-Spons ADR 0.10% 5,930 $846K No change
WBD Warner Bros Discovery Inc. 0.10% 112,838 $840K Add +33.0%
MMM 3M Co. 0.09% 7,993 $817K No change
CLF Cleveland-Cliffs Inc. 0.09% 50,000 $770K Reduce -16.7%
IVV iShares Core S&P 500 ETF 0.08% 1,297 $710K Add +15.9%
ARKK ARK Innovation ETF 0.08% 15,785 $694K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.08% 1,229 $669K No change
J Jacobs Solutions Inc. 0.08% 4,730 $661K No change
CME Cme Group Inc. 0.08% 3,322 $653K New
MOH Molina Healthcare Inc. 0.07% 2,130 $633K No change
ETN Eaton Corp. PLC 0.07% 2,000 $627K No change
HYBB iShares BB Rated Corp. Bond 0.07% 13,278 $611K Add +13.0%
MNR Mach Natural Resources LP 0.07% 32,000 $609K No change
MRNA Moderna Inc. 0.07% 5,000 $594K Add +25.0%
WFC Wells Fargo & Co. 0.07% 9,968 $592K No change
VCSH Vanguard S/T Corp. Bond ETF 0.07% 7,654 $591K Add +12.4%
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 13,752 $580K Add +14.0%
BIV Vanguard Intermediate-Term B 0.07% 7,736 $579K Add +12.8%
RTX RTX Corp. 0.06% 5,139 $516K Add +7.3%
TEVA Teva Pharmaceutical-SP ADR 0.06% 31,406 $510K Reduce -24.1%
UBER Uber Technologies Inc. 0.06% 6,942 $505K Reduce -3.7%
TYL Tyler Technologies Inc. 0.06% 1,000 $503K No change
BKR Baker Hughes Co. 0.06% 13,930 $490K No change
MSOS Advisorshares Pure US Cann 0.05% 63,234 $464K Reduce -7.1%
XOM Exxon Mobil Corp. 0.05% 3,976 $458K Reduce -6.6%
CIEN Ciena Corp. 0.05% 9,500 $458K No change
PATH Uipath Inc. Class A 0.05% 36,000 $456K New
HPQ HP Inc. 0.05% 12,400 $434K No change
CSCO Cisco Systems Inc. 0.05% 8,759 $416K Reduce -1.2%
AI C3.AI Inc. Class A 0.04% 13,300 $385K No change
NTR Nutrien Ltd. 0.04% 7,348 $374K No change
NMRK Newmark Group Inc. Class A 0.04% 36,250 $371K No change
KO The Coca-Cola Co. 0.04% 5,788 $368K Add +12.0%
VMEO Vimeo Inc. 0.04% 95,356 $356K Add +110.2%
DE Deere & Co. 0.04% 935 $349K Reduce -2.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.04% 7,259 $342K No change
DEO Diageo PLC-Sponsored ADR 0.04% 2,555 $322K No change
HALO Halozyme Therapeutics Inc. 0.04% 6,000 $314K Reduce -25.0%
TLS Telos Corporation 0.04% 77,900 $313K Reduce -4.7%
TSM Taiwan Semiconductor-SP ADR 0.03% 1,650 $287K No change
IJH iShares Core S&P Midcap ETF 0.03% 4,880 $286K Add +3.1%
CHW Calamos Global Dynamic Incom 0.03% 41,074 $282K No change
ESRT Empire State Realty Trust-A 0.03% 30,000 $281K No change
CTRA Coterra Energy Inc. 0.03% 10,520 $281K No change
PARAA Paramount Global Class B 0.03% 26,179 $272K Reduce -30.2%
ADBE Adobe Inc. 0.03% 482 $268K No change
SONDQ Sonder Holdings Inc. 0.03% 57,000 $264K Reduce -15.9%
ZBRA Zebra Technologies Corp. Class A 0.03% 850 $263K No change
FBTC Fidelity Wise Origin Bitcoin 0.03% 5,000 $262K New
GS Goldman Sachs Group Inc. 0.03% 570 $258K No change
IWM iShares Russell 2000 ETF 0.03% 1,245 $253K No change
AVGO Broadcom Inc. 0.03% 153 $246K No change
MPC Marathon Petroleum Corp. 0.03% 1,400 $243K No change
PG The Procter & Gamble Co. 0.03% 1,470 $242K Add +1.0%
HWC Hancock Whitney Corp. 0.03% 4,848 $232K No change
QCOM Qualcomm Inc. 0.03% 1,159 $231K New
GMS GMS Inc. 0.03% 2,800 $226K No change
GSBD Goldman Sachs BDC Inc. 0.03% 15,000 $225K No change
VTI VG Morningstar TS MKT ETF-US 0.03% 840 $225K Add +0.6%
VTRS Viatris Inc. 0.02% 20,076 $213K No change
NVCR Novocure Ltd. 0.02% 12,000 $206K No change
RXRX Recursion Pharmaceuticals-A 0.02% 25,000 $188K New
AMST Amesite Inc. 0.02% 60,000 $180K Add +16.6%
RSI Rush Street Interactive Inc. 0.02% 14,250 $137K No change
NAT Nordic American Tankers Ltd. 0.01% 25,000 $100K No change
PHK PIMCO High Income Fund 0.01% 18,000 $87K No change
CXAPP INC 0.01% 38,000 $77K Reduce -24.0%
AMLX Amylyx Pharmaceuticals Inc. 0.00% 20,000 $38K New
TDUP Thredup Inc. Class A 0.00% 11,727 $20K No change
QVCG QVC Group Inc. filed as QURATE RETAIL INC 0.00% 12,935 $8K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $99K (not counted above)
SecurityClassShares / PrincipalValueChange
CXAIW Kins Tech Group Class A -CW25 *W EXP 99/99/999 490,300$99KAdd +610.6%

Total filed on the 13F, all lines: $864.8M.

Portfolio Sells Q1 2024 → Q2 2024
VRT Vertiv Holdings Co. Class A Reduce -25.3% 8.26% −2.15
PTLO Portillo's Inc. Class A Reduce -4.0% 1.38% −0.71
AAP Advance Auto Parts Inc. Reduce -2.4% 1.19% −0.44
BCO The Brink's Co. Reduce -23.3% 1.89% −0.33
DKS Dick's Sporting Goods Inc. Reduce -0.6% 3.43% −0.18
SHYF The Shyft Group Inc. Reduce -3.9% 1.73% −0.15
CLF Cleveland-Cliffs Inc. Reduce -16.7% 0.09% −0.07
CSQ Calamos Strat TTL RTRN FND Sold out 0.00% −0.05
PFE Pfizer Inc. Reduce -18.5% 0.21% −0.05
GD General Dynamics Corp. Sold out 0.00% −0.03
IBM Intl Business Machines Corp. Reduce -0.8% 0.24% −0.03
XLE SS Energy Select Sector Sold out 0.00% −0.03
MSOS Advisorshares Pure US Cann Reduce -7.1% 0.05% −0.03
ACN Accenture PLC Class A Sold out 0.00% −0.02
HHH Howard Hughes Holdings Inc. Sold out 0.00% −0.02
PARAA Paramount Global Class B Reduce -30.2% 0.03% −0.02
TEVA Teva Pharmaceutical-SP ADR Reduce -24.1% 0.06% −0.01
UBER Uber Technologies Inc. Reduce -3.7% 0.06% −0.01
CXAPP INC Reduce -24.0% 0.01% −0.01
DE Deere & Co. Reduce -2.7% 0.04% −0.01
XOM Exxon Mobil Corp. Reduce -6.6% 0.05% −0.00
CSCO Cisco Systems Inc. Reduce -1.2% 0.05% −0.00
TLS Telos Corporation Reduce -4.7% 0.04% −0.00
HALO Halozyme Therapeutics Inc. Reduce -25.0% 0.04% −0.00
SONDQ Sonder Holdings Inc. Reduce -15.9% 0.03% +0.01
PGR Progressive Corp. Reduce -0.2% 2.74% +0.01
BAC Bank of America Corp. Reduce 0.0% 0.25% +0.01
JPM JPMorgan Chase & Co. Reduce -0.1% 1.41% +0.01
IEMG iShares Core MSCI Emerging Reduce -0.5% 0.55% +0.02
TSLA Tesla Inc. Reduce -4.0% 0.25% +0.02
GOOG Alphabet Inc. Class C Reduce -0.7% 0.17% +0.03
CSWC Capital Southwest Corp. Reduce -0.4% 1.93% +0.08
CSW CSW Industrials Inc. Reduce -0.1% 2.69% +0.31
GOOGL Alphabet Inc. Class A Reduce -1.2% 3.26% +0.53

Portfolio Buys Q1 2024 → Q2 2024
CHWY Chewy Inc. Class A Add +5402.8% 1.73% +1.72
AAPL Apple Inc. Add +0.3% 2.30% +0.43
HSIC Henry Schein Inc. Add +34.6% 2.77% +0.35
MCK McKesson Corp. Add +0.1% 4.07% +0.34
OPLN Openlane Inc. Add +24.8% 1.94% +0.32
HLMN Hillman Solutions Corp. Add +86.7% 0.84% +0.30
MSFT Microsoft Corp. Add +0.3% 3.35% +0.21
VOO Vanguard S&P 500 ETF Add +9.0% 1.37% +0.16
VWO Vanguard Ftse Emerging Marke Add +5.6% 1.61% +0.16
AMZN Amazon.com Inc. Add +0.8% 1.97% +0.15
IWF iShares Russell 1000 Growth Add +17.3% 0.66% +0.14
BMY Bristol-Myers Squibb Co. Add +228.3% 0.21% +0.12
KKR KKR & Co. Inc. Add +0.0% 2.47% +0.11
IUSV iShares Core S&P U.S. Value Add +27.0% 0.56% +0.11
META Meta Platforms Inc. Class A Add +0.1% 2.29% +0.09
VEA Vanguard Ftse Developed ETF Add +7.5% 1.52% +0.09
VTWO Vanguard Russell 2000 ETF Add +17.2% 0.69% +0.08
CME Cme Group Inc. New 0.08% +0.08
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +11.9% 0.90% +0.07
PLTR Palantir Technologies Inc. Class A Add +1.2% 0.56% +0.06
NVDA Nvidia Corp. Add +58.1% 0.10% +0.05
PATH Uipath Inc. Class A New 0.05% +0.05
UNH Unitedhealth Group Inc. Add +66.2% 0.12% +0.05
QQQ Invesco QQQ Trust Series 1 Add +0.0% 0.59% +0.04
FBTC Fidelity Wise Origin Bitcoin New 0.03% +0.03
XLU St Sr Utl SL SE SPDR ETF-Usd Add +20.4% 0.15% +0.03
PEP Pepsico Inc. Add +19.7% 0.25% +0.03
QCOM Qualcomm Inc. New 0.03% +0.03
RXRX Recursion Pharmaceuticals-A New 0.02% +0.02
JNJ Johnson & Johnson Add +16.6% 0.27% +0.02
VMEO Vimeo Inc. Add +110.2% 0.04% +0.02
MRNA Moderna Inc. Add +25.0% 0.07% +0.02
VZ Verizon Communications Inc. Add +11.1% 0.21% +0.02
VYM Vanguard High DVD Yield ETF Add +14.6% 0.14% +0.02
IVV iShares Core S&P 500 ETF Add +15.9% 0.08% +0.01
WBD Warner Bros Discovery Inc. Add +33.0% 0.10% +0.01
HYBB iShares BB Rated Corp. Bond Add +13.0% 0.07% +0.01
SHYG iShares 0-5 YR HY Corp. Bond Add +14.0% 0.07% +0.01
AMST Amesite Inc. Add +16.6% 0.02% +0.01
VCSH Vanguard S/T Corp. Bond ETF Add +12.4% 0.07% +0.01
BIV Vanguard Intermediate-Term B Add +12.8% 0.07% +0.01
KO The Coca-Cola Co. Add +12.0% 0.04% +0.01
RTX RTX Corp. Add +7.3% 0.06% +0.01
AMLX Amylyx Pharmaceuticals Inc. New 0.00% +0.00
XLRE SS Real Estate Select Sector Add +5.9% 0.14% +0.00
C Citigroup Inc. Add +2.8% 0.12% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.6% 0.03% +0.00
PG The Procter & Gamble Co. Add +1.0% 0.03% +0.00
IJH iShares Core S&P Midcap ETF Add +3.1% 0.03% −0.00
HD Home Depot Inc. Add +10.9% 0.19% −0.00

Notes & Other Activity Q1 2024 → Q2 2024
ALTERYX INC (AYX 0.5 08/01/24) NOTE 0.500% 8/0 · principal Sold out 16,143,000 $16.0Mbefore exit
CXAIW Kins Tech Group Class A -CW25 *W EXP 99/99/999 Add +610.6% 490,300 $99K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 137$1.2BVRT, GOOGL, ICLR, ULTA, KKR
Q1 2026 134$1.1BVRT, GOOGL, ULTA, MCK, CRM
Q4 2025 136$1.1BVRT, ULTA, GOOGL, MCK, MSFT
Q3 2025 156$1.1BVRT, ULTA, GOOGL, MCK, MSFT
Q2 2025 153$1.0BVRT, ULTA, MCK, MSFT, KKR
Q1 2025 162$931.3MVRT, ULTA, MCK, BRK.B, KVUE
Q4 2024 151$1.0BVRT, ULTA, MCK, GOOGL, KKR
Q3 2024 143$971.6MVRT, ULTA, PNR, CSW, MCK
Q2 2024 146$864.7MVRT, ULTA, MCK, DKS, MSFT
Q1 2024 145$866.0MVRT, ULTA, MCK, PNR, DKS