Zuckerman Investment Group, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Zuckerman Investment Group, LLC reported 151 stock positions worth $1.0 billion. Its top holding was Vertiv Class A (VRT) at 7.6% of the portfolio, followed by Ulta Beauty (ULTA, 4.3%) and McKesson (MCK, 3.6%). Compared with Q3 2024, it opened 16 new positions, sold out of 8, added to 56 and reduced 57. The biggest buy was a new position in Icon (ICLR) and the biggest sale Henry Schein (HSIC, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001423296
- Portfolio Value
- $1.0B (Q4 2024)
- SEC Filing
- 0001423296-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 151 stocks · $1.0B
| VRT Vertiv Holdings Co. Class A | 7.60% | 702,450 | $79.1M | Reduce -14.3% |
| ULTA Ulta Beauty Inc. | 4.32% | 110,211 | $45.0M | Add +10.8% |
| MCK McKesson Corp. | 3.55% | 61,567 | $36.9M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 3.22% | 166,319 | $33.5M | Add +7.8% |
| KKR KKR & Co. Inc. | 3.10% | 197,305 | $32.2M | Reduce -2.6% |
| PNR Pentair PLC | 3.04% | 307,978 | $31.6M | Reduce -14.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.83% | 63,435 | $29.5M | Add +1.1% |
| DKS Dick's Sporting Goods Inc. | 2.82% | 123,764 | $29.4M | Reduce -8.8% |
| META Meta Platforms Inc. Class A | 2.64% | 39,308 | $27.4M | Reduce -0.3% |
| MSFT Microsoft Corp. | 2.58% | 65,418 | $26.9M | Add +0.7% |
| PTLO Portillo's Inc. Class A | 2.57% | 1,944,983 | $26.7M | Add +6.9% |
| CSW CSW Industrials Inc. | 2.51% | 81,139 | $26.2M | Reduce -7.8% |
| PGR Progressive Corp. | 2.33% | 97,378 | $24.2M | Reduce -13.4% |
| AVTR Avantor Inc. | 2.33% | 1,105,832 | $24.2M | Add +18.2% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 2.32% | 1,525,207 | $24.1M | Add +85.0% |
| KVUE Kenvue Inc. | 2.29% | 1,122,061 | $23.8M | Add +18.7% |
| VWO Vanguard Ftse Emerging Marke | 2.15% | 505,765 | $22.3M | Add +57.9% |
| AAPL Apple Inc. | 2.10% | 95,918 | $21.9M | Reduce -0.5% |
| YUMC Yum China Holdings Inc. | 2.02% | 467,701 | $21.0M | Add +0.8% |
| AMZN Amazon.com Inc. | 2.01% | 88,167 | $20.9M | Reduce -0.3% |
| OPLN Openlane Inc. | 1.95% | 1,014,677 | $20.3M | Add +0.1% |
| CHWY Chewy Inc. Class A | 1.95% | 532,114 | $20.3M | Reduce -1.9% |
| VEA Vanguard Ftse Developed ETF | 1.87% | 394,983 | $19.5M | Add +46.9% |
| ICLR Icon PLC | 1.73% | 92,140 | $18.0M | New |
| JPM JPMorgan Chase & Co. | 1.57% | 61,301 | $16.4M | Add +1.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.54% | 23 | $16.0M | Add +9.5% |
| VDE Vanguard Energy ETF | 1.46% | 122,547 | $15.2M | Add +1.9% |
| CSWC Capital Southwest Corp. | 1.44% | 672,468 | $15.0M | Add +4.8% |
| SHYF The Shyft Group Inc. | 1.42% | 1,294,886 | $14.8M | Add +1.4% |
| ABBV Abbvie Inc. | 1.40% | 76,390 | $14.5M | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 1.32% | 24,945 | $13.7M | Add +4.2% |
| OIH Vaneck Oil Services ETF | 1.28% | 48,072 | $13.3M | Add +1.9% |
| PLTR Palantir Technologies Inc. Class A | 1.24% | 153,662 | $12.9M | Reduce -11.5% |
| SBUX Starbucks Corp. | 1.19% | 114,070 | $12.3M | Add +0.5% |
| HLMN Hillman Solutions Corp. | 1.07% | 1,149,110 | $11.2M | Add +41.4% |
| BCO The Brink's Co. | 1.06% | 119,696 | $11.0M | Reduce -24.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.92% | 34,795 | $9.6M | Add +5.3% |
| HSIC Henry Schein Inc. | 0.91% | 118,860 | $9.5M | Reduce -68.2% |
| ABT Abbott Laboratories | 0.90% | 72,911 | $9.4M | Reduce -0.0% |
| XLF SS Financial Select Sector | 0.88% | 178,850 | $9.2M | Add +0.9% |
| AAP Advance Auto Parts Inc. | 0.87% | 187,441 | $9.0M | Reduce -32.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.84% | 76,505 | $8.7M | Add +2.5% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.69% | 114,587 | $7.2M | Add +1.2% |
| MRK Merck & Co. Inc. | 0.68% | 71,128 | $7.1M | Add +4.1% |
| VTWO Vanguard Russell 2000 ETF | 0.68% | 77,818 | $7.0M | Add +7.5% |
| SITE Siteone Landscape Supply Inc. | 0.67% | 51,265 | $7.0M | New |
| IWF iShares Russell 1000 Growth | 0.63% | 16,087 | $6.5M | Add +3.9% |
| IUSV iShares Core S&P U.S. Value | 0.55% | 59,930 | $5.7M | Add +10.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.53% | 10,549 | $5.5M | Reduce -0.3% |
| TSLA Tesla Inc. | 0.44% | 11,922 | $4.6M | Add +4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 10,760 | $2.8M | Reduce -8.6% |
| V Visa Inc. Class A | 0.26% | 7,749 | $2.7M | Add +5.3% |
| BMY Bristol-Myers Squibb Co. | 0.24% | 42,202 | $2.5M | Reduce -17.8% |
| PEP Pepsico Inc. | 0.24% | 16,282 | $2.4M | Add +17.8% |
| CDW CDW Corp. | 0.23% | 11,927 | $2.4M | Reduce -80.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.23% | 20,000 | $2.4M | Reduce -0.0% |
| IEMG iShares Core MSCI Emerging | 0.23% | 44,678 | $2.4M | Reduce -49.0% |
| JNJ Johnson & Johnson | 0.23% | 15,477 | $2.4M | Reduce -3.5% |
| ARCC Ares Capital Corp. | 0.21% | 92,000 | $2.2M | Add +114.0% |
| HD Home Depot Inc. | 0.20% | 5,183 | $2.1M | Add +8.2% |
| XLB SS Materials Select Sector | 0.19% | 22,568 | $2.0M | Add +1.6% |
| VZ Verizon Communications Inc. | 0.18% | 46,779 | $1.9M | Add +4.2% |
| MNR Mach Natural Resources LP | 0.18% | 105,000 | $1.8M | Add +34.6% |
| CBOE Cboe Global Markets Inc. | 0.17% | 8,415 | $1.8M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.17% | 22,057 | $1.7M | Add +12.1% |
| ATR Aptargroup Inc. | 0.16% | 10,520 | $1.6M | No change |
| GOOG Alphabet Inc. Class C | 0.16% | 8,094 | $1.6M | No change |
| MA Mastercard Inc. Class A | 0.16% | 2,883 | $1.6M | Add +10.5% |
| PFE Pfizer Inc. | 0.14% | 56,912 | $1.5M | Reduce -3.7% |
| XLRE SS Real Estate Select Sector | 0.14% | 35,356 | $1.5M | Add +9.4% |
| UNH Unitedhealth Group Inc. | 0.14% | 2,601 | $1.4M | Add +22.9% |
| CEG Constellation Energy | 0.13% | 4,417 | $1.4M | Reduce -0.2% |
| ORCL Oracle Corp. | 0.13% | 7,919 | $1.3M | Reduce -0.3% |
| C Citigroup Inc. | 0.12% | 16,000 | $1.3M | Reduce -2.8% |
| VYM Vanguard High DVD Yield ETF | 0.12% | 9,265 | $1.2M | No change |
| GSBD Goldman Sachs BDC Inc. | 0.11% | 90,000 | $1.2M | Add +500.0% |
| CLF Cleveland-Cliffs Inc. | 0.10% | 105,000 | $1.0M | Reduce -7.9% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 1,616 | $960K | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 1,437 | $859K | Reduce -16.1% |
| UPS United Parcel Service Class B | 0.08% | 7,638 | $850K | New |
| DVN Devon Energy Corp. | 0.08% | 24,000 | $810K | Reduce -4.0% |
| LLY Eli Lilly & Co. | 0.08% | 976 | $791K | Reduce -1.1% |
| PATH Uipath Inc. Class A | 0.08% | 55,000 | $782K | No change |
| WFC Wells Fargo & Co. | 0.07% | 9,968 | $779K | Reduce -4.0% |
| NVDA Nvidia Corp. | 0.07% | 6,534 | $762K | Add +29.2% |
| ARKK ARK Innovation ETF | 0.07% | 12,250 | $757K | Reduce -22.4% |
| MSDL Morgan Stanley Direct Lendin | 0.07% | 36,000 | $756K | New |
| VMEO Vimeo Inc. | 0.07% | 109,050 | $724K | Add +12.9% |
| HYBB iShares BB Rated Corp. Bond | 0.07% | 15,205 | $705K | Add +6.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 15,060 | $696K | Reduce -2.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.07% | 8,879 | $694K | Add +5.7% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.07% | 16,148 | $692K | Add +8.7% |
| IVV iShares Core S&P 500 ETF | 0.06% | 1,124 | $675K | Add +1.8% |
| BIV Vanguard Intermediate-Term B | 0.06% | 9,003 | $675K | Add +6.3% |
| BWAY Brainsway Ltd.-ADR | 0.06% | 67,000 | $667K | Add +346.4% |
| BKR Baker Hughes Co. | 0.06% | 13,930 | $660K | No change |
| J Jacobs Solutions Inc. | 0.06% | 4,730 | $656K | No change |
| TEVA Teva Pharmaceutical-SP ADR | 0.06% | 36,406 | $632K | Add +15.9% |
| ETN Eaton Corp. PLC | 0.06% | 2,001 | $631K | Reduce -0.5% |
| TYL Tyler Technologies Inc. | 0.06% | 1,000 | $603K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BLOCK INC (XYZ 0.25 11/01/27) | NOTE 0.250%11/0 · principal | 1,582,000 | $1.4M | No change |
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | 651,800 | $98K | Add +27.8% |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q3 2024 → Q4 2024
| HSIC Henry Schein Inc. | Reduce -68.2% | 0.91% | −1.90 |
| CDW CDW Corp. | Reduce -80.2% | 0.23% | −1.17 |
| BCO The Brink's Co. | Reduce -24.2% | 1.06% | −0.82 |
| CSW CSW Industrials Inc. | Reduce -7.8% | 2.51% | −0.81 |
| VRT Vertiv Holdings Co. Class A | Reduce -14.3% | 7.60% | −0.79 |
| PGR Progressive Corp. | Reduce -13.4% | 2.33% | −0.61 |
| PNR Pentair PLC | Reduce -14.3% | 3.04% | −0.58 |
| IEMG iShares Core MSCI Emerging | Reduce -49.0% | 0.23% | −0.29 |
| AAP Advance Auto Parts Inc. | Reduce -32.1% | 0.87% | −0.24 |
| AAPL Apple Inc. | Reduce -0.5% | 2.10% | −0.21 |
| ABBV Abbvie Inc. | Reduce -0.2% | 1.40% | −0.16 |
| DKS Dick's Sporting Goods Inc. | Reduce -8.8% | 2.82% | −0.09 |
| INTC Intel Corp. | Sold out | 0.00% | −0.07 |
| CIEN Ciena Corp. | Sold out | 0.00% | −0.07 |
| CLF Cleveland-Cliffs Inc. | Reduce -7.9% | 0.10% | −0.05 |
| JNJ Johnson & Johnson | Reduce -3.5% | 0.23% | −0.04 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.04 |
| MOH Molina Healthcare Inc. | Reduce -38.0% | 0.04% | −0.03 |
| PFE Pfizer Inc. | Reduce -3.7% | 0.14% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -17.8% | 0.24% | −0.03 |
| DVN Devon Energy Corp. | Reduce -4.0% | 0.08% | −0.02 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.02 |
| CME Cme Group Inc. | Reduce -52.9% | 0.02% | −0.02 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -16.1% | 0.08% | −0.02 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.02 |
| RTX RTX Corp. | Reduce -27.0% | 0.05% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -1.1% | 0.08% | −0.01 |
| NAT Nordic American Tankers Ltd. | Sold out | 0.00% | −0.01 |
| NMRK Newmark Group Inc. Class A | Reduce -2.1% | 0.05% | −0.01 |
| ORCL Oracle Corp. | Reduce -0.3% | 0.13% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.4% | 0.09% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -7.6% | 0.04% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -4.7% | 0.04% | −0.01 |
| TLS Telos Corporation | Reduce -14.2% | 0.02% | −0.01 |
| PHK PIMCO High Income Fund | Sold out | 0.00% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.5% | 0.03% | −0.01 |
| ETN Eaton Corp. PLC | Reduce -0.5% | 0.06% | −0.01 |
| KO The Coca-Cola Co. | Reduce -4.0% | 0.03% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.3% | 0.53% | −0.01 |
| CTRA Coterra Energy Inc. | Reduce -30.0% | 0.02% | −0.01 |
| ADBE Adobe Inc. | Reduce -0.6% | 0.02% | −0.01 |
| ARKK ARK Innovation ETF | Reduce -22.4% | 0.07% | −0.00 |
| SLB SLB Ltd. | Reduce -2.9% | 0.03% | −0.00 |
| MPC Marathon Petroleum Corp. | Reduce -0.1% | 0.02% | −0.00 |
| RXRX Recursion Pharmaceuticals-A | Reduce -15.0% | 0.02% | −0.00 |
| MMM 3M Co. | Reduce -7.5% | 0.05% | −0.00 |
| AI C3.AI Inc. Class A | Reduce -22.6% | 0.03% | −0.00 |
| TTD Trade Desk Inc./the Class A | Reduce -0.0% | 0.23% | +0.00 |
| DE Deere & Co. | Reduce -1.1% | 0.04% | +0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| ICLR Icon PLC | New | 1.73% | +1.73 |
| GPGI Gpgi Inc. | Add +85.0% | 2.32% | +1.13 |
| SITE Siteone Landscape Supply Inc. | New | 0.67% | +0.67 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 3.22% | +0.58 |
| VWO Vanguard Ftse Emerging Marke | Add +57.9% | 2.15% | +0.57 |
| MCK McKesson Corp. | Add +2.0% | 3.55% | +0.48 |
| VEA Vanguard Ftse Developed ETF | Add +46.9% | 1.87% | +0.41 |
| ULTA Ulta Beauty Inc. | Add +10.8% | 4.32% | +0.34 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 1.57% | +0.26 |
| OPLN Openlane Inc. | Add +0.1% | 1.95% | +0.19 |
| HLMN Hillman Solutions Corp. | Add +41.4% | 1.07% | +0.19 |
| TSLA Tesla Inc. | Add +4.7% | 0.44% | +0.13 |
| ARCC Ares Capital Corp. | Add +114.0% | 0.21% | +0.12 |
| DIS The Walt Disney Co. | Add +2.5% | 0.84% | +0.10 |
| GSBD Goldman Sachs BDC Inc. | Add +500.0% | 0.11% | +0.09 |
| UPS United Parcel Service Class B | New | 0.08% | +0.08 |
| MSDL Morgan Stanley Direct Lendin | New | 0.07% | +0.07 |
| XLF SS Financial Select Sector | Add +0.9% | 0.88% | +0.05 |
| AMGN Amgen Inc. | New | 0.05% | +0.05 |
| BWAY Brainsway Ltd.-ADR | Add +346.4% | 0.06% | +0.05 |
| V Visa Inc. Class A | Add +5.3% | 0.26% | +0.05 |
| MNR Mach Natural Resources LP | Add +34.6% | 0.18% | +0.05 |
| SBUX Starbucks Corp. | Add +0.5% | 1.19% | +0.05 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +9.5% | 1.54% | +0.05 |
| PTLO Portillo's Inc. Class A | Add +6.9% | 2.57% | +0.04 |
| ETHE Grayscale Ethereum Staking E | New | 0.04% | +0.04 |
| KVUE Kenvue Inc. | Add +18.7% | 2.29% | +0.04 |
| KBDC Kayne Anderson BDC Inc. | New | 0.03% | +0.03 |
| OSCR Oscar Health Inc. Class A | New | 0.03% | +0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +58.6% | 0.05% | +0.03 |
| IWF iShares Russell 1000 Growth | Add +3.9% | 0.63% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.03% | +0.03 |
| DKL Delek Logistics Partners LP | New | 0.03% | +0.03 |
| CSX CSX Corp. | New | 0.02% | +0.02 |
| MA Mastercard Inc. Class A | Add +10.5% | 0.16% | +0.02 |
| GERN Geron Corp. | New | 0.02% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +5.3% | 0.92% | +0.02 |
| ARKG ARK Genomic Revolution ETF | New | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | New | 0.02% | +0.02 |
| VMEO Vimeo Inc. | Add +12.9% | 0.07% | +0.02 |
| NTR Nutrien Ltd. | New | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +4.2% | 1.32% | +0.02 |
| FDMT 4D Molecular Therapeutics Inc. | New | 0.01% | +0.01 |
| VTWO Vanguard Russell 2000 ETF | Add +7.5% | 0.68% | +0.01 |
| IUSV iShares Core S&P U.S. Value | Add +10.1% | 0.55% | +0.01 |
| NVDA Nvidia Corp. | Add +29.2% | 0.07% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +22.9% | 0.14% | +0.01 |
| HPE Hewlett Packard Enterprise | Add +27.3% | 0.06% | +0.01 |
| HD Home Depot Inc. | Add +8.2% | 0.20% | +0.00 |
| TEVA Teva Pharmaceutical-SP ADR | Add +15.9% | 0.06% | +0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| CXAIW Kins Tech Group Class A -CW25 | *W EXP 99/99/999 | Add +27.8% | 651,800 | $98K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 137 | $1.2B | VRT, GOOGL, ICLR, ULTA, KKR |
| Q1 2026 | 134 | $1.1B | VRT, GOOGL, ULTA, MCK, CRM |
| Q4 2025 | 136 | $1.1B | VRT, ULTA, GOOGL, MCK, MSFT |
| Q3 2025 | 156 | $1.1B | VRT, ULTA, GOOGL, MCK, MSFT |
| Q2 2025 | 153 | $1.0B | VRT, ULTA, MCK, MSFT, KKR |
| Q1 2025 | 162 | $931.3M | VRT, ULTA, MCK, BRK.B, KVUE |
| Q4 2024 | 151 | $1.0B | VRT, ULTA, MCK, GOOGL, KKR |
| Q3 2024 | 143 | $971.6M | VRT, ULTA, PNR, CSW, MCK |
| Q2 2024 | 146 | $864.7M | VRT, ULTA, MCK, DKS, MSFT |
| Q1 2024 | 145 | $866.0M | VRT, ULTA, MCK, PNR, DKS |