Zuckerman Investment Group, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Zuckerman Investment Group, LLC reported 134 stock positions worth $1.1 billion. Its top holding was Vertiv Class A (VRT) at 9.5% of the portfolio, followed by Alphabet Class A (GOOGL, 4.4%) and Ulta Beauty (ULTA, 4.3%). Compared with Q4 2025, it opened 10 new positions, sold out of 12, added to 54 and reduced 27. The biggest buy was Salesforce (CRM, shares +176%) and the biggest sale Avantor (AVTR, shares −98%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001423296
Portfolio Value
$1.1B (Q1 2026)
SEC Filing
0001423296-26-000005 ↗ filed May 15, 2026

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 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 $1.1B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 134 stocks · $1.1B
VRT Vertiv Holdings Co. Class A 9.49% 401,492 $100.6M Reduce -37.9%
GOOGL Alphabet Inc. Class A 4.41% 162,531 $46.7M Add +1.6%
ULTA Ulta Beauty Inc. 4.30% 87,240 $45.6M Reduce -17.6%
MCK McKesson Corp. 3.40% 41,632 $36.0M Reduce -13.3%
CRM Salesforce Inc. 3.38% 191,833 $35.8M Add +175.8%
ICLR Icon PLC 2.93% 280,992 $31.1M Add +80.5%
MSFT Microsoft Corp. 2.91% 83,482 $30.9M Add +21.0%
VWO Vanguard Ftse Emerging Marke 2.72% 533,970 $28.9M Add +3.1%
KKR KKR & Co. Inc. 2.70% 309,041 $28.6M Add +36.3%
ABBV Abbvie Inc. 2.67% 130,138 $28.3M Add +1.3%
BRK.B Berkshire Hathaway Inc. Class B 2.62% 58,040 $27.8M Add +0.4%
VEA Vanguard Ftse Developed ETF 2.58% 427,077 $27.4M Add +2.9%
GPGI Gpgi Inc. 2.56% 1,588,722 $27.2M Reduce -0.4%
AAPL Apple Inc. 2.42% 100,958 $25.6M Add +4.4%
DKS Dick's Sporting Goods Inc. 2.32% 124,036 $24.6M Add +1.4%
META Meta Platforms Inc. Class A 2.22% 41,072 $23.5M Add +1.6%
HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 2.01% 288,558 $21.3M Add +0.3%
CSW CSW Industrials Inc. 1.97% 80,167 $20.9M Add +0.4%
AMZN Amazon.com Inc. 1.96% 99,746 $20.8M Add +2.6%
PNR Pentair PLC 1.94% 236,413 $20.6M Add +0.3%
VDE Vanguard Energy ETF 1.91% 117,204 $20.3M Reduce -0.2%
RHLD Resolute Holdings Manag 1.88% 122,682 $19.9M Add +0.1%
OIH Vaneck Oil Services ETF 1.78% 46,640 $18.9M Add +0.2%
AEBI Aebi Schmidt Holding AG 1.74% 1,895,202 $18.4M Add +1.8%
VOO Vanguard S&P 500 ETF 1.69% 29,952 $17.9M Add +4.1%
JPM JPMorgan Chase & Co. 1.67% 60,161 $17.7M Reduce -1.4%
PGR Progressive Corp. 1.65% 88,114 $17.5M Add +3.7%
SGOV iShares 0-3 Month Treasury B 1.56% 164,331 $16.5M New
BRK.A Berkshire Hathaway Inc. Class A 1.42% 21 $15.1M No change
SITE Siteone Landscape Supply Inc. 1.26% 100,081 $13.3M Add +1.9%
CHWY Chewy Inc. Class A 1.26% 493,238 $13.3M Add +4.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.23% 45,294 $13.0M Add +6.3%
ADBE Adobe Inc. 1.22% 53,130 $12.9M Add +76.0%
ABT Abbott Laboratories 1.20% 123,801 $12.7M Add +1.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.15% 126,714 $12.2M Add +2.4%
LULU Lululemon Athletica Inc. 1.09% 75,679 $11.6M Add +1.1%
PTLO Portillo's Inc. Class A 1.03% 2,062,124 $10.9M Add +5.0%
VTWO Vanguard Russell 2000 ETF 0.98% 104,059 $10.4M Add +0.7%
TMO Thermo Fisher Scientific Inc. 0.88% 19,086 $9.4M Add +1092.9%
IWF iShares Russell 1000 Growth 0.87% 21,746 $9.3M Add +8.7%
IUSV iShares Core S&P U.S. Value 0.85% 88,535 $9.1M Add +6.6%
NFLX Netflix Inc. 0.81% 89,592 $8.6M New
XLF SS Financial Select Sector 0.79% 169,125 $8.3M Reduce -0.3%
PG The Procter & Gamble Co. 0.70% 51,564 $7.4M Add +0.3%
QQQ Invesco QQQ Trust Series 1 0.50% 9,112 $5.3M Reduce -1.3%
JNJ Johnson & Johnson 0.32% 13,820 $3.4M Reduce -0.2%
PLTR Palantir Technologies Inc. Class A 0.32% 22,854 $3.3M Add +3.3%
PEP Pepsico Inc. 0.31% 21,299 $3.3M Add +3.6%
IEMG iShares Core MSCI Emerging 0.30% 45,146 $3.1M Reduce -0.2%
V Visa Inc. Class A 0.29% 10,346 $3.1M Add +13.7%
GOOG Alphabet Inc. Class C 0.24% 8,760 $2.5M Add +11.3%
CBOE Cboe Global Markets Inc. 0.22% 8,405 $2.4M Reduce -0.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.22% 51,445 $2.4M Add +1.2%
XLB SS Materials Select Sector 0.22% 46,610 $2.3M Reduce -0.3%
HRMY Harmony Biosciences Holdings 0.21% 78,255 $2.2M Add +3.7%
MA Mastercard Inc. Class A 0.19% 3,978 $2.0M Add +1.8%
HD Home Depot Inc. 0.18% 5,942 $2.0M Add +1.9%
XLRE SS Real Estate Select Sector 0.14% 36,709 $1.5M Add +2.1%
TSLA Tesla Inc. 0.14% 3,947 $1.5M No change
MRK Merck & Co. Inc. 0.14% 12,118 $1.5M Reduce -6.1%
GLD SPDR Gold Shares 0.13% 3,266 $1.4M Reduce -7.8%
ORCL Oracle Corp. 0.13% 9,344 $1.4M Add +5.2%
VYM Vanguard High DVD Yield ETF 0.13% 9,266 $1.4M Add +0.1%
ATR Aptargroup Inc. 0.13% 10,521 $1.3M No change
RTX RTX Corp. 0.12% 6,563 $1.3M Add +12.6%
CEG Constellation Energy 0.11% 4,277 $1.2M No change
UNH Unitedhealth Group Inc. 0.11% 4,384 $1.2M Add +5.3%
GS Goldman Sachs Group Inc. 0.11% 1,345 $1.1M No change
NVDA Nvidia Corp. 0.10% 6,333 $1.1M Reduce -25.4%
TSM Taiwan Semiconductor-SP ADR 0.10% 3,110 $1.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 1,483 $964K Reduce -0.4%
AVGO Broadcom Inc. 0.09% 3,015 $933K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.08% 18,229 $889K No change
LLY Eli Lilly & Co. 0.08% 942 $866K No change
ARKK ARK Innovation ETF 0.08% 12,250 $828K No change
VCSH Vanguard S/T Corp. Bond ETF 0.07% 10,039 $796K Reduce -0.1%
HYBB iShares BB Rated Corp. Bond 0.07% 17,082 $794K Reduce -0.4%
WFC Wells Fargo & Co. 0.07% 9,968 $794K No change
BIV Vanguard Intermediate-Term B 0.07% 10,127 $782K Add +0.0%
BKR Baker Hughes Co. 0.07% 12,692 $775K No change
IVV iShares Core S&P 500 ETF 0.07% 1,166 $762K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.07% 17,989 $761K Reduce -4.8%
VIOO Vanguard S&P Small-Cap 600 E 0.07% 6,380 $733K New
BCTK Baron Technology ETF 0.07% 30,683 $716K No change
ETN Eaton Corp. PLC 0.07% 2,001 $716K No change
XOM Exxon Mobil Corp. 0.06% 3,994 $678K No change
CSCO Cisco Systems Inc. 0.06% 8,603 $668K Reduce -1.8%
J Jacobs Solutions Inc. 0.06% 4,730 $602K No change
LB Landbridge Co. LLC-A 0.06% 8,700 $601K No change
DE Deere & Co. 0.06% 1,060 $597K No change
UBER Uber Technologies Inc. 0.06% 8,146 $586K Add +17.5%
ACHR Archer Aviation Inc. Class A 0.05% 112,216 $580K No change
MMM 3M Co. 0.05% 3,799 $552K Add +5.5%
NMRK Newmark Group Inc. Class A 0.05% 36,250 $543K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.05% 404 $534K No change
SBUX Starbucks Corp. 0.05% 5,724 $513K No change
CSWC Capital Southwest Corp. 0.05% 21,937 $485K Reduce -51.2%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.04% 20,008 $454K No change
BCO The Brink's Co. 0.04% 4,124 $427K Reduce -96.2%
FTNT Fortinet Inc. 0.04% 5,000 $409K No change
CDNL Cardinal Infrastructure GR-A 0.04% 10,000 $397K No change
SII Sprott Inc. 0.04% 2,707 $387K No change
RYAM Rayonier Advanced Materials 0.04% 34,154 $378K No change
MPC Marathon Petroleum Corp. 0.03% 1,434 $350K No change
TYL Tyler Technologies Inc. 0.03% 1,001 $343K No change
BX Blackstone Inc. 0.03% 2,956 $340K No change
SLB SLB Ltd. filed as SLB LIMITED 0.03% 6,403 $329K Add +7.0%
BMY Bristol-Myers Squibb Co. 0.03% 5,390 $327K Reduce -65.0%
IJH iShares Core S&P Midcap ETF 0.03% 4,735 $320K No change
KO The Coca-Cola Co. 0.03% 4,163 $317K No change
RSI Rush Street Interactive Inc. 0.03% 14,250 $310K No change
CRWV Coreweave Inc. Class A 0.03% 4,000 $310K No change
PEG Public Service Enterprise GP 0.03% 3,740 $303K New
IWM iShares Russell 2000 ETF 0.03% 1,200 $298K Reduce -3.5%
NTR Nutrien Ltd. 0.03% 3,940 $297K No change
AVTR Avantor Inc. 0.03% 37,497 $294K Reduce -97.9%
IVW iShares S&P 500 Growth ETF 0.03% 2,485 $281K No change
HWC Hancock Whitney Corp. 0.03% 4,208 $268K Reduce -2.9%
CTRA Coterra Energy Inc. 0.02% 7,370 $259K New
XBI SS SPDR S&P Biotech ETF 0.02% 2,023 $258K Add +19.6%
KVUE Kenvue Inc. 0.02% 14,317 $247K Reduce -98.5%
INTC Intel Corp. 0.02% 5,496 $243K No change
HPQ HP Inc. 0.02% 12,400 $238K No change
AAXJ iShares MSCI All Country Asi 0.02% 2,457 $237K No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 5,952 $219K No change
COST Costco Wholesale Corp. 0.02% 218 $217K New
CRWD CrowdStrike Holdings Inc. Class A 0.02% 553 $216K New
GILD Gilead Sciences Inc. 0.02% 1,523 $212K New
DHR Danaher Corp. 0.02% 1,100 $209K No change
EPD Enterprise Products Partners 0.02% 5,446 $206K New
IBIT iShares Bitcoin Trust ETF 0.02% 5,282 $203K Add +13.5%
EOSE Eos Energy Enterprises Inc. 0.02% 38,724 $192K Add +152.8%
ESRT Empire State Realty Trust-A 0.01% 30,000 $156K No change
CNTN Canton Strategic Holdings Inc. 0.01% 46,973 $154K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $6.0M (not counted above)
SecurityClassShares / PrincipalValueChange
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal 6,407,000$6.0MAdd +56.8%

Total filed on the 13F, all lines: $1.1B.

Portfolio Sells Q4 2025 → Q1 2026
AVTR Avantor Inc. Reduce -97.9% 0.03% −1.77
ULTA Ulta Beauty Inc. Reduce -17.6% 4.30% −1.44
KVUE Kenvue Inc. Reduce -98.5% 0.02% −1.42
BCO The Brink's Co. Reduce -96.2% 0.04% −1.09
GPGI Gpgi Inc. Reduce -0.4% 2.56% −0.19
VZ Verizon Communications Inc. Sold out 0.00% −0.16
MCK McKesson Corp. Reduce -13.3% 3.40% −0.13
JPM JPMorgan Chase & Co. Reduce -1.4% 1.67% −0.09
XLF SS Financial Select Sector Reduce -0.3% 0.79% −0.05
BMY Bristol-Myers Squibb Co. Reduce -65.0% 0.03% −0.04
CSWC Capital Southwest Corp. Reduce -51.2% 0.05% −0.04
PCAR Paccar Inc. Sold out 0.00% −0.04
NVDA Nvidia Corp. Reduce -25.4% 0.10% −0.04
SLV iShares Silver Trust Sold out 0.00% −0.03
IAU iShares Gold Trust Sold out 0.00% −0.03
COF Capital One Financial Corp. Sold out 0.00% −0.02
FBTC Fidelity Wise Origin Bitcoin Sold out 0.00% −0.02
CME Cme Group Inc. Sold out 0.00% −0.02
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.02
AIG American International Group Sold out 0.00% −0.02
MOH Molina Healthcare Inc. Sold out 0.00% −0.02
ZBRA Zebra Technologies Corp. Class A Sold out 0.00% −0.02
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -1.3% 0.50% −0.01
SHYG iShares 0-5 YR HY Corp. Bond Reduce -4.8% 0.07% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.4% 0.09% 0.00
HWC Hancock Whitney Corp. Reduce -2.9% 0.03% +0.00
IWM iShares Russell 2000 ETF Reduce -3.5% 0.03% +0.00
CSCO Cisco Systems Inc. Reduce -1.8% 0.06% +0.00
HYBB iShares BB Rated Corp. Bond Reduce -0.4% 0.07% +0.00
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.1% 0.07% +0.00
GLD SPDR Gold Shares Reduce -7.8% 0.13% +0.01
MRK Merck & Co. Inc. Reduce -6.1% 0.14% +0.02
IEMG iShares Core MSCI Emerging Reduce -0.2% 0.30% +0.02
XLB SS Materials Select Sector Reduce -0.3% 0.22% +0.03
CBOE Cboe Global Markets Inc. Reduce -0.1% 0.22% +0.03
JNJ Johnson & Johnson Reduce -0.2% 0.32% +0.06
VRT Vertiv Holdings Co. Class A Reduce -37.9% 9.49% +0.10
VDE Vanguard Energy ETF Reduce -0.2% 1.91% +0.59

Portfolio Buys Q4 2025 → Q1 2026
CRM Salesforce Inc. Add +175.8% 3.38% +1.73
SGOV iShares 0-3 Month Treasury B New 1.56% +1.56
NFLX Netflix Inc. New 0.81% +0.81
TMO Thermo Fisher Scientific Inc. Add +1092.9% 0.88% +0.80
OIH Vaneck Oil Services ETF Add +0.2% 1.78% +0.59
ICLR Icon PLC Add +80.5% 2.93% +0.39
ADBE Adobe Inc. Add +76.0% 1.22% +0.27
VEA Vanguard Ftse Developed ETF Add +2.9% 2.58% +0.26
PTLO Portillo's Inc. Class A Add +5.0% 1.03% +0.23
VWO Vanguard Ftse Emerging Marke Add +3.1% 2.72% +0.23
SITE Siteone Landscape Supply Inc. Add +1.9% 1.26% +0.16
DKS Dick's Sporting Goods Inc. Add +1.4% 2.32% +0.15
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +6.3% 1.23% +0.12
KKR KKR & Co. Inc. Add +36.3% 2.70% +0.11
IUSV iShares Core S&P U.S. Value Add +6.6% 0.85% +0.09
VOO Vanguard S&P 500 ETF Add +4.1% 1.69% +0.07
VIOO Vanguard S&P Small-Cap 600 E New 0.07% +0.07
VTWO Vanguard Russell 2000 ETF Add +0.7% 0.98% +0.06
AAPL Apple Inc. Add +4.4% 2.42% +0.06
HSIC Henry Schein Inc. Add +0.3% 2.01% +0.06
PEP Pepsico Inc. Add +3.6% 0.31% +0.05
PG The Procter & Gamble Co. Add +0.3% 0.70% +0.04
ABBV Abbvie Inc. Add +1.3% 2.67% +0.04
PEG Public Service Enterprise GP New 0.03% +0.03
XLU St Sr Utl SL SE SPDR ETF-Usd Add +1.2% 0.22% +0.03
IWF iShares Russell 1000 Growth Add +8.7% 0.87% +0.03
CTRA Coterra Energy Inc. New 0.02% +0.02
RTX RTX Corp. Add +12.6% 0.12% +0.02
COST Costco Wholesale Corp. New 0.02% +0.02
CRWD CrowdStrike Holdings Inc. Class A New 0.02% +0.02
BRK.B Berkshire Hathaway Inc. Class B Add +0.4% 2.62% +0.02
GILD Gilead Sciences Inc. New 0.02% +0.02
EPD Enterprise Products Partners New 0.02% +0.02
GOOG Alphabet Inc. Class C Add +11.3% 0.24% +0.02
CNTN Canton Strategic Holdings Inc. New 0.01% +0.01
XLRE SS Real Estate Select Sector Add +2.1% 0.14% +0.01
SLB SLB Ltd. Add +7.0% 0.03% +0.01
VYM Vanguard High DVD Yield ETF Add +0.1% 0.13% +0.01
V Visa Inc. Class A Add +13.7% 0.29% +0.01
XBI SS SPDR S&P Biotech ETF Add +19.6% 0.02% +0.01
HD Home Depot Inc. Add +1.9% 0.18% +0.00
UBER Uber Technologies Inc. Add +17.5% 0.06% +0.00
BIV Vanguard Intermediate-Term B Add +0.0% 0.07% +0.00
EOSE Eos Energy Enterprises Inc. Add +152.8% 0.02% +0.00
MMM 3M Co. Add +5.5% 0.05% +0.00
IBIT iShares Bitcoin Trust ETF Add +13.5% 0.02% −0.00
UNH Unitedhealth Group Inc. Add +5.3% 0.11% −0.01
MA Mastercard Inc. Class A Add +1.8% 0.19% −0.01
ORCL Oracle Corp. Add +5.2% 0.13% −0.03
PLTR Palantir Technologies Inc. Class A Add +3.3% 0.32% −0.04

Notes & Other Activity Q4 2025 → Q1 2026
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal Add +56.8% 6,407,000 $6.0M

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