Zuckerman Investment Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Zuckerman Investment Group, LLC reported 162 stock positions worth $931.3 million. Its top holding was Vertiv Class A (VRT) at 5.3% of the portfolio, followed by Ulta Beauty (ULTA, 4.3%) and McKesson (MCK, 4.2%). Compared with Q4 2024, it opened 18 new positions, sold out of 7, added to 53 and reduced 52. The biggest buy was Icon (ICLR, shares +41%) and the biggest sale Vertiv Class A (VRT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001423296
- Portfolio Value
- $931.3M (Q1 2025)
- SEC Filing
- 0001423296-25-000004 ↗ filed May 14, 2025
Holdings Value
Holdings 162 stocks · $931.3M
| VRT Vertiv Holdings Co. Class A | 5.28% | 680,698 | $49.1M | Reduce -3.1% |
| ULTA Ulta Beauty Inc. | 4.30% | 109,160 | $40.0M | Reduce -0.9% |
| MCK McKesson Corp. | 4.24% | 58,691 | $39.5M | Reduce -4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.45% | 60,390 | $32.2M | Reduce -4.8% |
| KVUE Kenvue Inc. | 2.81% | 1,091,041 | $26.2M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 2.73% | 164,203 | $25.4M | Reduce -1.3% |
| MSFT Microsoft Corp. | 2.64% | 65,604 | $24.6M | Add +0.3% |
| DKS Dick's Sporting Goods Inc. | 2.61% | 120,796 | $24.3M | Reduce -2.4% |
| YUMC Yum China Holdings Inc. | 2.59% | 464,073 | $24.2M | Reduce -0.8% |
| PGR Progressive Corp. | 2.51% | 82,683 | $23.4M | Reduce -15.1% |
| CSW CSW Industrials Inc. | 2.51% | 80,168 | $23.4M | Reduce -1.2% |
| ICLR Icon PLC | 2.44% | 129,863 | $22.7M | Add +40.9% |
| VWO Vanguard Ftse Emerging Marke | 2.43% | 499,757 | $22.6M | Reduce -1.2% |
| KKR KKR & Co. Inc. | 2.39% | 192,471 | $22.3M | Reduce -2.5% |
| PTLO Portillo's Inc. Class A | 2.35% | 1,843,693 | $21.9M | Reduce -5.2% |
| META Meta Platforms Inc. Class A | 2.33% | 37,647 | $21.7M | Reduce -4.2% |
| AAPL Apple Inc. | 2.28% | 95,601 | $21.2M | Reduce -0.3% |
| PNR Pentair PLC | 2.25% | 239,910 | $21.0M | Reduce -22.1% |
| AVTR Avantor Inc. | 2.21% | 1,272,101 | $20.6M | Add +15.0% |
| VEA Vanguard Ftse Developed ETF | 2.16% | 396,092 | $20.1M | Add +0.3% |
| OPLN Openlane Inc. | 2.06% | 993,918 | $19.2M | Reduce -2.0% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 1.81% | 1,549,632 | $16.8M | Add +1.6% |
| CHWY Chewy Inc. Class A | 1.80% | 516,740 | $16.8M | Reduce -2.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.80% | 21 | $16.8M | Reduce -8.7% |
| AMZN Amazon.com Inc. | 1.78% | 87,014 | $16.6M | Reduce -1.3% |
| ABBV Abbvie Inc. | 1.74% | 77,290 | $16.2M | Add +1.2% |
| VDE Vanguard Energy ETF | 1.62% | 116,561 | $15.1M | Reduce -4.9% |
| JPM JPMorgan Chase & Co. | 1.60% | 60,566 | $14.9M | Reduce -1.2% |
| HSIC Henry Schein Inc. | 1.48% | 201,639 | $13.8M | Add +69.6% |
| VOO Vanguard S&P 500 ETF | 1.40% | 25,457 | $13.1M | Add +2.0% |
| OIH Vaneck Oil Services ETF | 1.28% | 45,453 | $11.9M | Reduce -5.5% |
| SHYF The Shyft Group Inc. | 1.23% | 1,411,072 | $11.4M | Add +9.0% |
| SBUX Starbucks Corp. | 1.17% | 110,706 | $10.9M | Reduce -3.0% |
| HLMN Hillman Solutions Corp. | 1.07% | 1,136,058 | $10.0M | Reduce -1.1% |
| BCO The Brink's Co. | 1.06% | 114,457 | $9.9M | Reduce -4.4% |
| ABT Abbott Laboratories | 1.04% | 72,748 | $9.7M | Reduce -0.2% |
| CSWC Capital Southwest Corp. | 1.02% | 427,020 | $9.5M | Reduce -36.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.99% | 35,481 | $9.2M | Add +2.0% |
| XLF SS Financial Select Sector | 0.92% | 171,598 | $8.5M | Reduce -4.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.81% | 76,591 | $7.6M | Add +0.1% |
| PLTR Palantir Technologies Inc. Class A | 0.79% | 86,829 | $7.3M | Reduce -43.5% |
| AAP Advance Auto Parts Inc. | 0.75% | 177,608 | $7.0M | Reduce -5.3% |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.73% | 114,111 | $6.8M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.72% | 74,799 | $6.7M | Add +5.2% |
| SITE Siteone Landscape Supply Inc. | 0.71% | 54,430 | $6.6M | Add +6.2% |
| VTWO Vanguard Russell 2000 ETF | 0.70% | 80,527 | $6.5M | Add +3.5% |
| IWF iShares Russell 1000 Growth | 0.62% | 15,879 | $5.7M | Reduce -1.3% |
| IUSV iShares Core S&P U.S. Value | 0.61% | 61,826 | $5.7M | Add +3.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.53% | 10,507 | $4.9M | Reduce -0.4% |
| RHLD Resolute Holdings Manag | 0.43% | 126,678 | $4.0M | New |
| TSLA Tesla Inc. | 0.35% | 12,748 | $3.3M | Add +6.9% |
| V Visa Inc. Class A | 0.29% | 7,803 | $2.7M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.29% | 10,771 | $2.7M | Add +0.1% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 42,202 | $2.6M | No change |
| JNJ Johnson & Johnson | 0.27% | 15,161 | $2.5M | Reduce -2.0% |
| PEP Pepsico Inc. | 0.27% | 16,620 | $2.5M | Add +2.1% |
| IEMG iShares Core MSCI Emerging | 0.26% | 44,678 | $2.4M | No change |
| ARCC Ares Capital Corp. | 0.24% | 100,250 | $2.2M | Add +9.0% |
| VZ Verizon Communications Inc. | 0.22% | 44,364 | $2.0M | Reduce -5.2% |
| XLB SS Materials Select Sector | 0.21% | 22,300 | $1.9M | Reduce -1.2% |
| CBOE Cboe Global Markets Inc. | 0.20% | 8,415 | $1.9M | No change |
| HD Home Depot Inc. | 0.20% | 5,161 | $1.9M | Reduce -0.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.19% | 22,288 | $1.8M | Add +1.1% |
| MNR Mach Natural Resources LP | 0.17% | 103,000 | $1.6M | Reduce -1.9% |
| CDW CDW Corp. | 0.17% | 9,852 | $1.6M | Reduce -17.4% |
| ATR Aptargroup Inc. | 0.17% | 10,520 | $1.6M | No change |
| MA Mastercard Inc. Class A | 0.17% | 2,836 | $1.6M | Reduce -1.6% |
| XLRE SS Real Estate Select Sector | 0.16% | 34,993 | $1.5M | Reduce -1.0% |
| PFE Pfizer Inc. | 0.15% | 56,946 | $1.4M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.15% | 8,760 | $1.4M | Add +8.2% |
| UNH Unitedhealth Group Inc. | 0.15% | 2,595 | $1.4M | Reduce -0.2% |
| VYM Vanguard High DVD Yield ETF | 0.13% | 9,414 | $1.2M | Add +1.6% |
| C Citigroup Inc. | 0.12% | 16,000 | $1.1M | No change |
| ORCL Oracle Corp. | 0.12% | 7,919 | $1.1M | No change |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.12% | 20,008 | $1.1M | Add +0.0% |
| UPS United Parcel Service Class B | 0.11% | 9,638 | $1.1M | Add +26.2% |
| DELL Dell Technologies -C | 0.10% | 10,010 | $912K | New |
| CLF Cleveland-Cliffs Inc. | 0.10% | 110,000 | $904K | Add +4.8% |
| DVN Devon Energy Corp. | 0.10% | 24,000 | $898K | No change |
| GSBD Goldman Sachs BDC Inc. | 0.10% | 77,000 | $896K | Reduce -14.4% |
| CEG Constellation Energy | 0.10% | 4,417 | $891K | No change |
| MSDL Morgan Stanley Direct Lendin | 0.09% | 44,000 | $878K | Add +22.2% |
| NVDA Nvidia Corp. | 0.09% | 7,811 | $847K | Add +19.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 1,449 | $811K | Add +0.8% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 1,600 | $796K | Reduce -1.0% |
| AMD Advanced Micro Devices | 0.08% | 7,527 | $773K | New |
| RTX RTX Corp. | 0.08% | 5,790 | $767K | Add +54.1% |
| LLY Eli Lilly & Co. | 0.08% | 900 | $743K | Reduce -7.8% |
| WFC Wells Fargo & Co. | 0.08% | 9,968 | $716K | No change |
| HYBB iShares BB Rated Corp. Bond | 0.08% | 15,207 | $703K | Add +0.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.07% | 8,801 | $695K | Reduce -0.9% |
| BIV Vanguard Intermediate-Term B | 0.07% | 9,006 | $690K | Add +0.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.07% | 16,166 | $687K | Add +0.1% |
| ETN Eaton Corp. PLC | 0.07% | 2,401 | $653K | Add +20.0% |
| GS Goldman Sachs Group Inc. | 0.07% | 1,171 | $640K | Add +105.1% |
| BWAY Brainsway Ltd.-ADR | 0.07% | 67,000 | $634K | No change |
| IVV iShares Core S&P 500 ETF | 0.07% | 1,129 | $634K | Add +0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 15,060 | $628K | No change |
| BKR Baker Hughes Co. | 0.07% | 13,930 | $612K | No change |
| ARKK ARK Innovation ETF | 0.06% | 12,250 | $583K | 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 | $86K | No change |
Total filed on the 13F, all lines: $932.8M.
Portfolio Sells Q4 2024 → Q1 2025
| VRT Vertiv Holdings Co. Class A | Reduce -3.1% | 5.28% | −2.33 |
| PNR Pentair PLC | Reduce -22.1% | 2.25% | −0.79 |
| KKR KKR & Co. Inc. | Reduce -2.5% | 2.39% | −0.71 |
| GOOGL Alphabet Inc. Class A | Reduce -1.3% | 2.73% | −0.49 |
| PLTR Palantir Technologies Inc. Class A | Reduce -43.5% | 0.79% | −0.45 |
| CSWC Capital Southwest Corp. | Reduce -36.5% | 1.02% | −0.42 |
| META Meta Platforms Inc. Class A | Reduce -4.2% | 2.33% | −0.31 |
| AMZN Amazon.com Inc. | Reduce -1.3% | 1.78% | −0.23 |
| PTLO Portillo's Inc. Class A | Reduce -5.2% | 2.35% | −0.21 |
| DKS Dick's Sporting Goods Inc. | Reduce -2.4% | 2.61% | −0.21 |
| CHWY Chewy Inc. Class A | Reduce -2.9% | 1.80% | −0.15 |
| AAP Advance Auto Parts Inc. | Reduce -5.3% | 0.75% | −0.12 |
| CDW CDW Corp. | Reduce -17.4% | 0.17% | −0.06 |
| CLOV Clover Health Investments Co. | Sold out | 0.00% | −0.03 |
| ULTA Ulta Beauty Inc. | Reduce -0.9% | 4.30% | −0.03 |
| CSX CSX Corp. | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.02 |
| SBUX Starbucks Corp. | Reduce -3.0% | 1.17% | −0.02 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.02 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.02 |
| ETHE Grayscale Ethereum Staking E | Reduce -20.0% | 0.03% | −0.02 |
| GSBD Goldman Sachs BDC Inc. | Reduce -14.4% | 0.10% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -1.3% | 0.62% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.0% | 0.09% | −0.01 |
| MNR Mach Natural Resources LP | Reduce -1.9% | 0.17% | −0.01 |
| CSW CSW Industrials Inc. | Reduce -1.2% | 2.51% | −0.00 |
| HLMN Hillman Solutions Corp. | Reduce -1.1% | 1.07% | −0.00 |
| HD Home Depot Inc. | Reduce -0.4% | 0.20% | −0.00 |
| QVCG QVC Group Inc. | Sold out | 0.00% | −0.00 |
| MOH Molina Healthcare Inc. | Reduce -8.7% | 0.04% | +0.00 |
| BCO The Brink's Co. | Reduce -4.4% | 1.06% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.4% | 0.53% | +0.00 |
| LLY Eli Lilly & Co. | Reduce -7.8% | 0.08% | +0.00 |
| OIH Vaneck Oil Services ETF | Reduce -5.5% | 1.28% | +0.00 |
| UBER Uber Technologies Inc. | Reduce -7.6% | 0.05% | +0.01 |
| KO The Coca-Cola Co. | Reduce -2.0% | 0.03% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.9% | 0.07% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.15% | +0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 0.05% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 0.17% | +0.01 |
| XLB SS Materials Select Sector | Reduce -1.2% | 0.21% | +0.01 |
| XLRE SS Real Estate Select Sector | Reduce -1.0% | 0.16% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 1.60% | +0.02 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -0.4% | 0.73% | +0.03 |
| VZ Verizon Communications Inc. | Reduce -5.2% | 0.22% | +0.04 |
| XLF SS Financial Select Sector | Reduce -4.0% | 0.92% | +0.04 |
| JNJ Johnson & Johnson | Reduce -2.0% | 0.27% | +0.04 |
| OPLN Openlane Inc. | Reduce -2.0% | 2.06% | +0.10 |
| ABT Abbott Laboratories | Reduce -0.2% | 1.04% | +0.14 |
Portfolio Buys Q4 2024 → Q1 2025
| ICLR Icon PLC | Add +40.9% | 2.44% | +0.71 |
| HSIC Henry Schein Inc. | Add +69.6% | 1.48% | +0.57 |
| RHLD Resolute Holdings Manag | New | 0.43% | +0.43 |
| ABBV Abbvie Inc. | Add +1.2% | 1.74% | +0.34 |
| VEA Vanguard Ftse Developed ETF | Add +0.3% | 2.16% | +0.29 |
| DELL Dell Technologies -C | New | 0.10% | +0.10 |
| VOO Vanguard S&P 500 ETF | Add +2.0% | 1.40% | +0.09 |
| AMD Advanced Micro Devices | New | 0.08% | +0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.0% | 0.99% | +0.07 |
| IUSV iShares Core S&P U.S. Value | Add +3.2% | 0.61% | +0.07 |
| MSFT Microsoft Corp. | Add +0.3% | 2.64% | +0.06 |
| FTNT Fortinet Inc. | New | 0.05% | +0.05 |
| BX Blackstone Inc. | New | 0.04% | +0.04 |
| SITE Siteone Landscape Supply Inc. | Add +6.2% | 0.71% | +0.04 |
| MRK Merck & Co. Inc. | Add +5.2% | 0.72% | +0.04 |
| LB Landbridge Co. LLC-A | New | 0.04% | +0.04 |
| V Visa Inc. Class A | Add +0.7% | 0.29% | +0.04 |
| RTX RTX Corp. | Add +54.1% | 0.08% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +105.1% | 0.07% | +0.03 |
| PEP Pepsico Inc. | Add +2.1% | 0.27% | +0.03 |
| UPS United Parcel Service Class B | Add +26.2% | 0.11% | +0.03 |
| CTRE Caretrust REIT Inc. | New | 0.03% | +0.03 |
| PCAR Paccar Inc. | New | 0.03% | +0.03 |
| TGLS Tecnoglass Holdings Inc. | New | 0.03% | +0.03 |
| STNE Stoneco Ltd. Class A | New | 0.03% | +0.03 |
| ARCC Ares Capital Corp. | Add +9.0% | 0.24% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | New | 0.03% | +0.03 |
| SLB SLB Ltd. | Add +72.2% | 0.05% | +0.03 |
| GXO Gxo Logistics Inc. | New | 0.02% | +0.02 |
| CE Celanese Corp. | New | 0.02% | +0.02 |
| AIG American International Group | New | 0.02% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.1% | 0.19% | +0.02 |
| EXC Exelon Corp. | New | 0.02% | +0.02 |
| CME Cme Group Inc. | Add +68.7% | 0.04% | +0.02 |
| MSDL Morgan Stanley Direct Lendin | Add +22.2% | 0.09% | +0.02 |
| VTWO Vanguard Russell 2000 ETF | Add +3.5% | 0.70% | +0.02 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.29% | +0.02 |
| NVDA Nvidia Corp. | Add +19.5% | 0.09% | +0.02 |
| AI C3.AI Inc. Class A | Add +97.1% | 0.05% | +0.01 |
| CLMT Calumet Inc. | New | 0.01% | +0.01 |
| IAS Integral Ad Science Holding | New | 0.01% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +1.6% | 0.13% | +0.01 |
| DKL Delek Logistics Partners LP | Add +33.3% | 0.04% | +0.01 |
| PFE Pfizer Inc. | Add +0.1% | 0.15% | +0.01 |
| AMGN Amgen Inc. | Add +1.2% | 0.06% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +28.6% | 0.06% | +0.01 |
| ETN Eaton Corp. PLC | Add +20.0% | 0.07% | +0.01 |
| BIV Vanguard Intermediate-Term B | Add +0.0% | 0.07% | +0.01 |
| HYBB iShares BB Rated Corp. Bond | Add +0.0% | 0.08% | +0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +0.1% | 0.07% | +0.01 |
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 |