Zuckerman Investment Group, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Zuckerman Investment Group, LLC reported 143 stock positions worth $971.6 million. Its top holding was Vertiv Class A (VRT) at 8.4% of the portfolio, followed by Ulta Beauty (ULTA, 4.0%) and Pentair (PNR, 3.6%). Compared with Q2 2024, it opened 8 new positions, sold out of 11, added to 79 and reduced 35. The biggest buy was a new position in Gpgi (GPGI) and the biggest sale Alphabet Class A (GOOGL, shares −0%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001423296
Portfolio Value
$971.6M (Q3 2024)
SEC Filing
0001423296-24-000014 ↗ filed Nov 13, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $866.0M Q1 2024 Q2 2024: $864.7M Q2 2024 Q3 2024: $971.6M $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 143 stocks · $971.6M
VRT Vertiv Holdings Co. Class A 8.39% 819,541 $81.5M Reduce -0.7%
ULTA Ulta Beauty Inc. 3.98% 99,467 $38.7M Add +1.3%
PNR Pentair PLC 3.62% 359,528 $35.2M Reduce -2.5%
CSW CSW Industrials Inc. 3.32% 88,027 $32.3M Add +0.3%
MCK McKesson Corp. 3.07% 60,340 $29.8M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 2.97% 62,746 $28.9M Reduce -0.1%
PGR Progressive Corp. 2.94% 112,504 $28.5M Reduce -1.4%
DKS Dick's Sporting Goods Inc. 2.91% 135,654 $28.3M Reduce -1.8%
MSFT Microsoft Corp. 2.88% 64,953 $27.9M Add +0.1%
HSIC Henry Schein Inc. 2.80% 373,780 $27.2M Reduce -0.1%
KKR KKR & Co. Inc. 2.72% 202,558 $26.5M Reduce -0.0%
GOOGL Alphabet Inc. Class A 2.63% 154,294 $25.6M Reduce -0.4%
PTLO Portillo's Inc. Class A 2.52% 1,819,910 $24.5M Add +48.4%
AVTR Avantor Inc. 2.49% 935,240 $24.2M Add +1.9%
META Meta Platforms Inc. Class A 2.32% 39,433 $22.6M Add +0.3%
AAPL Apple Inc. 2.31% 96,377 $22.5M Add +2.3%
KVUE Kenvue Inc. 2.25% 945,429 $21.9M Add +0.8%
YUMC Yum China Holdings Inc. 2.15% 463,972 $20.9M Add +0.5%
BCO The Brink's Co. 1.88% 157,900 $18.3M Reduce -1.0%
OPLN Openlane Inc. 1.76% 1,013,434 $17.1M Add +0.5%
AMZN Amazon.com Inc. 1.70% 88,462 $16.5M Add +0.6%
CSWC Capital Southwest Corp. 1.67% 641,459 $16.2M Add +0.1%
SHYF The Shyft Group Inc. 1.65% 1,277,099 $16.0M Add +1.4%
CHWY Chewy Inc. Class A 1.64% 542,667 $15.9M Reduce -1.4%
VWO Vanguard Ftse Emerging Marke 1.58% 320,278 $15.3M Add +0.7%
ABBV Abbvie Inc. 1.56% 76,575 $15.1M Add +0.6%
VDE Vanguard Energy ETF 1.52% 120,268 $14.7M Add +0.4%
BRK.A Berkshire Hathaway Inc. Class A 1.49% 21 $14.5M No change
VEA Vanguard Ftse Developed ETF 1.46% 268,896 $14.2M Add +1.3%
CDW CDW Corp. 1.40% 60,090 $13.6M Add +0.5%
OIH Vaneck Oil Services ETF 1.38% 47,195 $13.4M Add +0.5%
JPM JPMorgan Chase & Co. 1.31% 60,573 $12.8M Add +0.2%
VOO Vanguard S&P 500 ETF 1.30% 23,950 $12.6M Add +0.8%
GPGI Gpgi Inc. filed as COMPOSECURE INC 1.19% 824,349 $11.6M New
SBUX Starbucks Corp. 1.14% 113,486 $11.1M Add +0.1%
AAP Advance Auto Parts Inc. 1.11% 276,248 $10.8M Add +70.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.90% 33,048 $8.7M Add +2.3%
HLMN Hillman Solutions Corp. 0.88% 812,534 $8.6M Reduce -1.6%
ABT Abbott Laboratories 0.86% 72,933 $8.3M Add +0.8%
UHAL.B U-Haul Holding Co.-Non Voting 0.84% 113,206 $8.2M Add +1.4%
XLF SS Financial Select Sector 0.83% 177,246 $8.0M Add +0.2%
MRK Merck & Co. Inc. 0.80% 68,356 $7.8M Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.74% 74,645 $7.2M Add +129.6%
VTWO Vanguard Russell 2000 ETF 0.67% 72,412 $6.5M Add +0.0%
PLTR Palantir Technologies Inc. Class A 0.66% 173,668 $6.5M Reduce -8.4%
IWF iShares Russell 1000 Growth 0.60% 15,482 $5.8M Reduce -1.4%
IUSV iShares Core S&P U.S. Value 0.54% 54,454 $5.2M Reduce -1.0%
QQQ Invesco QQQ Trust Series 1 0.53% 10,585 $5.2M Reduce -0.1%
IEMG iShares Core MSCI Emerging 0.52% 87,578 $5.0M Reduce -1.5%
TSLA Tesla Inc. 0.31% 11,384 $3.0M Add +4.7%
BMY Bristol-Myers Squibb Co. 0.27% 51,339 $2.7M Add +19.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 11,772 $2.6M Add +0.1%
JNJ Johnson & Johnson 0.27% 16,036 $2.6M Add +0.4%
PEP Pepsico Inc. 0.24% 13,825 $2.4M Add +3.6%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.23% 20,002 $2.2M Add +0.0%
XLB SS Materials Select Sector 0.22% 22,203 $2.1M Reduce -2.6%
V Visa Inc. Class A 0.21% 7,356 $2.0M Reduce -2.4%
VZ Verizon Communications Inc. 0.21% 44,883 $2.0M Add +1.2%
HD Home Depot Inc. 0.20% 4,790 $1.9M Add +1.5%
CBOE Cboe Global Markets Inc. 0.18% 8,415 $1.7M No change
PFE Pfizer Inc. 0.18% 59,086 $1.7M Reduce -10.6%
ATR Aptargroup Inc. 0.17% 10,520 $1.7M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.16% 19,680 $1.6M Add +4.1%
CLF Cleveland-Cliffs Inc. 0.15% 114,000 $1.5M Add +128.0%
XLRE SS Real Estate Select Sector 0.15% 32,314 $1.4M Add +0.6%
ORCL Oracle Corp. 0.14% 7,945 $1.4M Add +0.9%
GOOG Alphabet Inc. Class C 0.14% 8,094 $1.4M Add +0.4%
MA Mastercard Inc. Class A 0.13% 2,609 $1.3M Add +2.3%
MNR Mach Natural Resources LP 0.13% 78,000 $1.2M Add +143.8%
UNH Unitedhealth Group Inc. 0.13% 2,116 $1.2M Add +3.1%
VYM Vanguard High DVD Yield ETF 0.12% 9,265 $1.2M Reduce -6.8%
CEG Constellation Energy 0.12% 4,427 $1.2M Add +0.2%
C Citigroup Inc. 0.11% 16,462 $1.0M Add +0.1%
TMO Thermo Fisher Scientific Inc. 0.10% 1,622 $1.0M Add +0.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 1,713 $983K Add +39.4%
DVN Devon Energy Corp. 0.10% 25,000 $978K New
ARCC Ares Capital Corp. 0.09% 43,000 $900K No change
LLY Eli Lilly & Co. 0.09% 987 $875K Reduce -1.4%
ARKK ARK Innovation ETF 0.08% 15,785 $750K No change
MOH Molina Healthcare Inc. 0.08% 2,130 $734K No change
INTC Intel Corp. 0.07% 30,779 $722K Reduce -9.0%
NVO Novo-Nordisk A/S-Spons ADR 0.07% 5,946 $708K Add +0.3%
PATH Uipath Inc. Class A 0.07% 55,000 $704K Add +52.8%
CIEN Ciena Corp. 0.07% 11,000 $677K Add +15.8%
HYBB iShares BB Rated Corp. Bond 0.07% 14,302 $677K Add +7.7%
VCSH Vanguard S/T Corp. Bond ETF 0.07% 8,398 $667K Add +9.7%
ETN Eaton Corp. PLC 0.07% 2,011 $667K Add +0.6%
BIV Vanguard Intermediate-Term B 0.07% 8,466 $663K Add +9.4%
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 14,853 $645K Add +8.0%
IVV iShares Core S&P 500 ETF 0.07% 1,104 $637K Reduce -14.9%
RTX RTX Corp. 0.06% 5,144 $623K Add +0.1%
J Jacobs Solutions Inc. 0.06% 4,730 $619K No change
NVDA Nvidia Corp. 0.06% 5,058 $614K Reduce -29.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 15,461 $614K Reduce -71.9%
WFC Wells Fargo & Co. 0.06% 10,383 $587K Add +4.2%
TYL Tyler Technologies Inc. 0.06% 1,000 $584K No change
NMRK Newmark Group Inc. Class A 0.06% 37,044 $575K Add +2.2%
TEVA Teva Pharmaceutical-SP ADR 0.06% 31,406 $566K No change
MMM 3M Co. 0.05% 3,896 $533K Reduce -51.3%
UBER Uber Technologies Inc. 0.05% 6,970 $524K Add +0.4%
MSOS Advisorshares Pure US Cann 0.05% 72,234 $518K Add +14.2%
BKR Baker Hughes Co. 0.05% 13,930 $504K No change
XOM Exxon Mobil Corp. 0.05% 4,288 $503K Add +7.8%
VMEO Vimeo Inc. 0.05% 96,550 $488K Add +1.3%
CSCO Cisco Systems Inc. 0.05% 8,828 $470K Add +0.8%
HPE Hewlett Packard Enterprise 0.05% 22,000 $450K New
HPQ HP Inc. 0.05% 12,400 $445K No change
CME Cme Group Inc. 0.04% 1,854 $409K Reduce -44.2%
DE Deere & Co. 0.04% 945 $394K Add +1.1%
WBD Warner Bros Discovery Inc. 0.04% 45,937 $379K Reduce -59.3%
DEO Diageo PLC-Sponsored ADR 0.04% 2,593 $364K Add +1.5%
KO The Coca-Cola Co. 0.04% 4,834 $347K Reduce -16.5%
HALO Halozyme Therapeutics Inc. 0.04% 6,000 $343K No change
ESRT Empire State Realty Trust-A 0.03% 30,000 $332K No change
AI C3.AI Inc. Class A 0.03% 13,300 $322K No change
ZBRA Zebra Technologies Corp. Class A 0.03% 850 $315K No change
TLS Telos Corporation 0.03% 84,500 $303K Add +8.5%
IJH iShares Core S&P Midcap ETF 0.03% 4,735 $295K Reduce -3.0%
CHW Calamos Global Dynamic Incom 0.03% 41,074 $295K No change
TSM Taiwan Semiconductor-SP ADR 0.03% 1,685 $293K Add +2.1%
GS Goldman Sachs Group Inc. 0.03% 571 $283K Add +0.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 6,734 $282K Reduce -7.2%
AVGO Broadcom Inc. 0.03% 1,600 $276K Add +4.6%
IWM iShares Russell 2000 ETF 0.03% 1,245 $275K No change
RXRX Recursion Pharmaceuticals-A 0.03% 40,000 $264K Add +60.0%
CTRA Coterra Energy Inc. 0.03% 10,528 $252K Add +0.1%
ADBE Adobe Inc. 0.03% 486 $252K Add +0.8%
HWC Hancock Whitney Corp. 0.02% 4,586 $235K Reduce -5.4%
MPC Marathon Petroleum Corp. 0.02% 1,401 $228K Add +0.1%
CLOV Clover Health Investments Co. 0.02% 78,000 $220K New
IBIT iShares Bitcoin Trust ETF 0.02% 6,000 $217K New
ACN Accenture PLC Class A 0.02% 612 $216K New
PG The Procter & Gamble Co. 0.02% 1,242 $215K Reduce -15.5%
CARR Carrier Global Corp. 0.02% 2,623 $211K New
GSBD Goldman Sachs BDC Inc. 0.02% 15,000 $206K No change
VTRS Viatris Inc. 0.02% 15,084 $175K Reduce -24.9%
RSI Rush Street Interactive Inc. 0.02% 14,250 $155K No change
AMST Amesite Inc. 0.02% 60,000 $147K No change
BWAY Brainsway Ltd.-ADR 0.01% 15,009 $139K New
NAT Nordic American Tankers Ltd. 0.01% 35,000 $128K Add +40.0%
PHK PIMCO High Income Fund 0.01% 18,000 $90K No change
CXAPP INC 0.01% 45,000 $76K Add +18.4%
QVCG QVC Group Inc. filed as QURATE RETAIL INC 0.00% 10,080 $6K Reduce -22.1%
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 1,582,000$1.4MNew
CXAIW Kins Tech Group Class A -CW25 *W EXP 99/99/999 510,000$128KAdd +4.0%

Total filed on the 13F, all lines: $973.1M.

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -0.4% 2.63% −0.63
DKS Dick's Sporting Goods Inc. Reduce -1.8% 2.91% −0.52
BAC Bank of America Corp. Reduce -71.9% 0.06% −0.19
CHWY Chewy Inc. Class A Reduce -1.4% 1.64% −0.10
MRNA Moderna Inc. Sold out 0.00% −0.07
IWF iShares Russell 1000 Growth Reduce -1.4% 0.60% −0.06
WBD Warner Bros Discovery Inc. Reduce -59.3% 0.04% −0.06
QQQ Invesco QQQ Trust Series 1 Reduce -0.1% 0.53% −0.06
INTC Intel Corp. Reduce -9.0% 0.07% −0.05
NTR Nutrien Ltd. Sold out 0.00% −0.04
MMM 3M Co. Reduce -51.3% 0.05% −0.04
NVDA Nvidia Corp. Reduce -29.1% 0.06% −0.04
PFE Pfizer Inc. Reduce -10.6% 0.18% −0.04
CME Cme Group Inc. Reduce -44.2% 0.04% −0.03
IEMG iShares Core MSCI Emerging Reduce -1.5% 0.52% −0.03
PARAA Paramount Global Class B Sold out 0.00% −0.03
SONDQ Sonder Holdings Inc. Sold out 0.00% −0.03
FBTC Fidelity Wise Origin Bitcoin Sold out 0.00% −0.03
QCOM Qualcomm Inc. Sold out 0.00% −0.03
GMS GMS Inc. Sold out 0.00% −0.03
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.03
IUSV iShares Core S&P U.S. Value Reduce -1.0% 0.54% −0.03
NVCR Novocure Ltd. Sold out 0.00% −0.02
V Visa Inc. Class A Reduce -2.4% 0.21% −0.02
IVV iShares Core S&P 500 ETF Reduce -14.9% 0.07% −0.02
LLY Eli Lilly & Co. Reduce -1.4% 0.09% −0.01
VYM Vanguard High DVD Yield ETF Reduce -6.8% 0.12% −0.01
XLB SS Materials Select Sector Reduce -2.6% 0.22% −0.01
SLB SLB Ltd. Reduce -7.2% 0.03% −0.01
BCO The Brink's Co. Reduce -1.0% 1.88% −0.01
KO The Coca-Cola Co. Reduce -16.5% 0.04% −0.01
VTRS Viatris Inc. Reduce -24.9% 0.02% −0.01
PG The Procter & Gamble Co. Reduce -15.5% 0.02% −0.01
AMLX Amylyx Pharmaceuticals Inc. Sold out 0.00% −0.00
HWC Hancock Whitney Corp. Reduce -5.4% 0.02% −0.00
IJH iShares Core S&P Midcap ETF Reduce -3.0% 0.03% −0.00
TDUP Thredup Inc. Class A Sold out 0.00% −0.00
QVCG QVC Group Inc. Reduce -22.1% 0.00% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.1% 2.97% +0.02
HSIC Henry Schein Inc. Reduce -0.1% 2.80% +0.03
HLMN Hillman Solutions Corp. Reduce -1.6% 0.88% +0.04
PLTR Palantir Technologies Inc. Class A Reduce -8.4% 0.66% +0.11
VRT Vertiv Holdings Co. Class A Reduce -0.7% 8.39% +0.13
PGR Progressive Corp. Reduce -1.4% 2.94% +0.20
KKR KKR & Co. Inc. Reduce -0.0% 2.72% +0.26
PNR Pentair PLC Reduce -2.5% 3.62% +0.35

Portfolio Buys Q2 2024 → Q3 2024
GPGI Gpgi Inc. New 1.19% +1.19
PTLO Portillo's Inc. Class A Add +48.4% 2.52% +1.14
CSW CSW Industrials Inc. Add +0.3% 3.32% +0.63
YUMC Yum China Holdings Inc. Add +0.5% 2.15% +0.50
DIS The Walt Disney Co. Add +129.6% 0.74% +0.37
KVUE Kenvue Inc. Add +0.8% 2.25% +0.28
AVTR Avantor Inc. Add +1.9% 2.49% +0.24
SBUX Starbucks Corp. Add +0.1% 1.14% +0.12
DVN Devon Energy Corp. New 0.10% +0.10
BMY Bristol-Myers Squibb Co. Add +19.0% 0.27% +0.07
UHAL.B U-Haul Holding Co.-Non Voting Add +1.4% 0.84% +0.06
CLF Cleveland-Cliffs Inc. Add +128.0% 0.15% +0.06
MNR Mach Natural Resources LP Add +143.8% 0.13% +0.06
TSLA Tesla Inc. Add +4.7% 0.31% +0.06
ABBV Abbvie Inc. Add +0.6% 1.56% +0.05
HPE Hewlett Packard Enterprise New 0.05% +0.05
IBM Intl Business Machines Corp. Add +0.1% 0.27% +0.03
META Meta Platforms Inc. Class A Add +0.3% 2.32% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +39.4% 0.10% +0.02
CLOV Clover Health Investments Co. New 0.02% +0.02
IBIT iShares Bitcoin Trust ETF New 0.02% +0.02
ACN Accenture PLC Class A New 0.02% +0.02
CARR Carrier Global Corp. New 0.02% +0.02
PATH Uipath Inc. Class A Add +52.8% 0.07% +0.02
CIEN Ciena Corp. Add +15.8% 0.07% +0.02
NMRK Newmark Group Inc. Class A Add +2.2% 0.06% +0.02
CEG Constellation Energy Add +0.2% 0.12% +0.02
AAPL Apple Inc. Add +2.3% 2.31% +0.02
XLU St Sr Utl SL SE SPDR ETF-Usd Add +4.1% 0.16% +0.01
BWAY Brainsway Ltd.-ADR New 0.01% +0.01
HD Home Depot Inc. Add +1.5% 0.20% +0.01
ORCL Oracle Corp. Add +0.9% 0.14% +0.01
VMEO Vimeo Inc. Add +1.3% 0.05% +0.01
UNH Unitedhealth Group Inc. Add +3.1% 0.13% +0.01
XLRE SS Real Estate Select Sector Add +0.6% 0.15% +0.01
RXRX Recursion Pharmaceuticals-A Add +60.0% 0.03% +0.01
RTX RTX Corp. Add +0.1% 0.06% +0.00
MA Mastercard Inc. Class A Add +2.3% 0.13% +0.00
NAT Nordic American Tankers Ltd. Add +40.0% 0.01% +0.00
BIV Vanguard Intermediate-Term B Add +9.4% 0.07% +0.00
CSCO Cisco Systems Inc. Add +0.8% 0.05% +0.00
DE Deere & Co. Add +1.1% 0.04% +0.00
DEO Diageo PLC-Sponsored ADR Add +1.5% 0.04% +0.00
VCSH Vanguard S/T Corp. Bond ETF Add +9.7% 0.07% +0.00
AVGO Broadcom Inc. Add +4.6% 0.03% 0.00
TMO Thermo Fisher Scientific Inc. Add +0.4% 0.10% −0.00
TTD Trade Desk Inc./the Class A Add +0.0% 0.23% −0.00
MSOS Advisorshares Pure US Cann Add +14.2% 0.05% −0.00
GS Goldman Sachs Group Inc. Add +0.2% 0.03% −0.00
SHYG iShares 0-5 YR HY Corp. Bond Add +8.0% 0.07% −0.00

Notes & Other Activity Q2 2024 → Q3 2024
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal New 1,582,000 $1.4M
CXAIW Kins Tech Group Class A -CW25 *W EXP 99/99/999 Add +4.0% 510,000 $128K

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