Zuckerman Investment Group, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Zuckerman Investment Group, LLC reported 137 stock positions worth $1.2 billion. Its top holding was Vertiv Class A (VRT) at 9.5% of the portfolio, followed by Alphabet Class A (GOOGL, 4.9%) and Icon (ICLR, 4.3%). Compared with Q1 2026, it opened 9 new positions, sold out of 6, added to 55 and reduced 34. The biggest buy was Icon (ICLR, shares +5%) and the biggest sale Adobe (ADBE, shares −38%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001423296
Portfolio Value
$1.2B (Q2 2026)
SEC Filing
0001423296-26-000008 ↗ filed Aug 14, 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 Q1 2026 Q2 2026: $1.2B $1.2B Q2 2026

Holdings 137 stocks · $1.2B
VRT Vertiv Holdings Co. Class A 9.46% 332,438 $111.3M Reduce -17.2%
GOOGL Alphabet Inc. Class A 4.93% 162,178 $58.0M Reduce -0.2%
ICLR Icon PLC filed as ICON PUB LTD CO 4.35% 294,439 $51.1M Add +4.8%
ULTA Ulta Beauty Inc. 3.76% 98,024 $44.2M Add +12.4%
KKR KKR & Co. Inc. 3.04% 389,370 $35.7M Add +26.0%
MSFT Microsoft Corp. 3.03% 95,711 $35.7M Add +14.7%
MCK McKesson Corp. 2.83% 43,994 $33.2M Add +5.7%
AAPL Apple Inc. 2.78% 113,075 $32.7M Add +12.0%
ABBV Abbvie Inc. 2.78% 129,804 $32.7M Reduce -0.3%
VWO Vanguard Ftse Emerging Marke 2.71% 533,604 $31.9M Reduce -0.1%
CRM Salesforce Inc. 2.63% 197,724 $31.0M Add +3.1%
VEA Vanguard Ftse Developed ETF 2.59% 427,105 $30.4M Add +0.0%
GPGI Gpgi Inc. 2.58% 1,913,886 $30.3M Add +20.5%
BRK.B Berkshire Hathaway Inc. Class B 2.51% 58,930 $29.5M Add +1.5%
DKS Dick's Sporting Goods Inc. 2.40% 124,645 $28.3M Add +0.5%
AMZN Amazon.com Inc. 2.05% 101,001 $24.1M Add +1.3%
HSIC Henry Schein Inc. filed as SCHEIN HENRY INC 2.05% 288,106 $24.1M Reduce -0.2%
AEBI Aebi Schmidt Holding AG 2.00% 1,877,833 $23.6M Reduce -0.9%
CHWY Chewy Inc. Class A 1.96% 1,175,841 $23.1M Add +138.4%
META Meta Platforms Inc. Class A 1.95% 40,711 $22.9M Reduce -0.9%
CSW CSW Industrials Inc. 1.91% 80,842 $22.5M Add +0.8%
VOO Vanguard S&P 500 ETF 1.78% 30,433 $20.9M Add +1.6%
BRK.A Berkshire Hathaway Inc. Class A 1.72% 27 $20.2M Add +28.6%
JPM JPMorgan Chase & Co. 1.66% 59,805 $19.6M Reduce -0.6%
PGR Progressive Corp. 1.66% 89,261 $19.5M Add +1.3%
PNR Pentair PLC 1.54% 236,525 $18.1M Add +0.1%
RHLD Resolute Holdings Manag 1.50% 122,349 $17.7M Reduce -0.3%
VDE Vanguard Energy ETF 1.49% 116,824 $17.5M Reduce -0.3%
OIH Vaneck Oil Services ETF 1.46% 46,163 $17.2M Reduce -1.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.25% 182,044 $14.7M Add +0.5%
SGOV iShares 0-3 Month Treasury B 1.24% 144,332 $14.5M Reduce -12.2%
LULU Lululemon Athletica Inc. 1.22% 125,509 $14.3M Add +65.8%
VTWO Vanguard Russell 2000 ETF 1.08% 104,587 $12.7M Add +0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.03% 125,933 $12.1M Reduce -0.6%
SITE Siteone Landscape Supply Inc. 0.98% 100,401 $11.5M Add +0.3%
ABT Abbott Laboratories 0.95% 122,584 $11.1M Reduce -1.0%
IWF iShares Russell 1000 Growth 0.94% 89,275 $11.1M Add +2.6%
V Visa Inc. Class A 0.92% 31,701 $10.9M Add +206.4%
TMO Thermo Fisher Scientific Inc. 0.85% 19,841 $9.9M Add +4.0%
PTLO Portillo's Inc. Class A 0.83% 2,049,697 $9.7M Reduce -0.6%
IUSV iShares Core S&P U.S. Value 0.81% 86,389 $9.5M Reduce -2.4%
XLF SS Financial Select Sector 0.76% 167,168 $9.0M Reduce -1.2%
PG The Procter & Gamble Co. 0.64% 51,564 $7.6M No change
QQQ Invesco QQQ Trust Series 1 0.60% 9,550 $7.0M Add +4.8%
ADBE Adobe Inc. 0.57% 32,921 $6.7M Reduce -38.0%
NFLX Netflix Inc. 0.55% 90,624 $6.5M Add +1.1%
IEMG iShares Core MSCI Emerging 0.31% 44,636 $3.7M Reduce -1.1%
JNJ Johnson & Johnson 0.30% 13,712 $3.5M Reduce -0.8%
GOOG Alphabet Inc. Class C 0.27% 8,825 $3.1M Add +0.7%
PLTR Palantir Technologies Inc. Class A 0.26% 26,654 $3.1M Add +16.6%
HRMY Harmony Biosciences Holdings 0.24% 78,255 $2.8M No change
PEP Pepsico Inc. 0.24% 21,030 $2.8M Reduce -1.3%
CSCO Cisco Systems Inc. 0.22% 22,103 $2.6M Add +156.9%
XLB SS Materials Select Sector 0.21% 47,627 $2.4M Add +2.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.20% 50,822 $2.3M Reduce -1.2%
HYBB iShares BB Rated Corp. Bond 0.18% 46,130 $2.2M Add +170.1%
VCSH Vanguard S/T Corp. Bond ETF 0.18% 27,183 $2.1M Add +170.8%
BIV Vanguard Intermediate-Term B 0.18% 27,779 $2.1M Add +174.3%
SHYG iShares 0-5 YR HY Corp. Bond 0.18% 49,872 $2.1M Add +177.2%
HD Home Depot Inc. 0.18% 5,991 $2.1M Add +0.8%
MA Mastercard Inc. Class A 0.17% 3,976 $2.0M Reduce -0.1%
CBOE Cboe Global Markets Inc. 0.16% 7,795 $1.9M Reduce -7.3%
UNH Unitedhealth Group Inc. 0.15% 4,351 $1.8M Reduce -0.8%
XLRE SS Real Estate Select Sector 0.14% 37,218 $1.6M Add +1.4%
MRK Merck & Co. Inc. 0.13% 12,036 $1.5M Reduce -0.7%
TSM Taiwan Semiconductor-SP ADR 0.13% 3,123 $1.5M Add +0.4%
ORCL Oracle Corp. 0.13% 10,033 $1.5M Add +7.4%
VYM Vanguard High DVD Yield ETF 0.12% 9,266 $1.5M No change
NVDA Nvidia Corp. 0.12% 7,182 $1.4M Add +13.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.12% 1,888 $1.4M Add +27.3%
TSLA Tesla Inc. 0.12% 3,349 $1.4M Reduce -15.2%
GS Goldman Sachs Group Inc. 0.11% 1,331 $1.3M Reduce -1.0%
ATR Aptargroup Inc. 0.11% 10,521 $1.3M No change
RTX RTX Corp. 0.10% 6,441 $1.2M Reduce -1.9%
GLD SPDR Gold Shares 0.10% 3,266 $1.2M No change
AVGO Broadcom Inc. 0.10% 3,027 $1.1M Add +0.4%
LLY Eli Lilly & Co. 0.10% 942 $1.1M No change
CEG Constellation Energy 0.09% 4,283 $1.1M Add +0.1%
BAC Bank of America Corp. 0.09% 17,917 $1.0M Reduce -1.7%
BCTK Baron Technology ETF 0.08% 30,683 $997K No change
ARKK ARK Innovation ETF 0.08% 12,261 $991K Add +0.1%
VIOO Vanguard S&P Small-Cap 600 E 0.08% 7,089 $975K Add +11.1%
CDNL Cardinal Infrastructure GR-A 0.08% 10,000 $942K No change
IVV iShares Core S&P 500 ETF 0.08% 1,204 $902K Add +3.3%
ETN Eaton Corp. PLC 0.07% 2,013 $858K Add +0.6%
WFC Wells Fargo & Co. 0.07% 9,968 $824K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.07% 404 $804K No change
DE Deere & Co. 0.07% 1,228 $779K Add +15.8%
FTNT Fortinet Inc. 0.07% 5,000 $768K No change
INTC Intel Corp. 0.06% 5,310 $741K Reduce -3.4%
BKR Baker Hughes Co. 0.06% 12,748 $708K Add +0.4%
LB Landbridge Co. LLC-A 0.06% 8,700 $689K No change
MMM 3M Co. 0.05% 3,799 $615K No change
J Jacobs Solutions Inc. 0.05% 4,730 $596K No change
UBER Uber Technologies Inc. 0.05% 8,249 $595K Add +1.3%
SBUX Starbucks Corp. 0.05% 5,724 $585K No change
NMRK Newmark Group Inc. Class A 0.05% 36,250 $548K No change
XOM Exxon Mobil Corp. 0.05% 3,994 $546K No change
ACHR Archer Aviation Inc. Class A 0.05% 112,216 $531K No change
CSWC Capital Southwest Corp. 0.04% 21,371 $508K Reduce -2.6%
RSI Rush Street Interactive Inc. 0.04% 14,250 $424K No change
CRWD CrowdStrike Holdings Inc. Class A 0.04% 553 $422K No change
CRWV Coreweave Inc. Class A 0.03% 4,000 $398K No change
CME Cme Group Inc. 0.03% 1,793 $396K New
MPC Marathon Petroleum Corp. 0.03% 1,434 $367K No change
IJH iShares Core S&P Midcap ETF 0.03% 4,735 $365K No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.03% 20,008 $362K No change
BX Blackstone Inc. 0.03% 2,997 $353K Add +1.4%
IWM iShares Russell 2000 ETF 0.03% 1,172 $352K Reduce -2.3%
IVW iShares S&P 500 Growth ETF 0.03% 2,485 $342K No change
KO The Coca-Cola Co. 0.03% 4,163 $338K No change
BMY Bristol-Myers Squibb Co. 0.03% 5,844 $337K Add +8.4%
XBI SS SPDR S&P Biotech ETF 0.03% 2,023 $320K No change
HWC Hancock Whitney Corp. 0.03% 4,208 $314K No change
CNTN Canton Strategic Holdings Inc. 0.03% 111,273 $314K Add +136.9%
PANW Palo Alto Networks Inc. 0.03% 906 $309K New
SII Sprott Inc. 0.03% 2,707 $304K No change
PEG Public Service Enterprise GP 0.03% 3,740 $304K No change
SLB SLB Ltd. filed as SLB LIMITED 0.03% 6,403 $298K No change
AAXJ iShares MSCI All Country Asi 0.02% 2,457 $293K No change
TYL Tyler Technologies Inc. 0.02% 1,001 $293K No change
NVO Novo-Nordisk A/S-Spons ADR 0.02% 5,967 $286K Add +0.3%
MOH Molina Healthcare Inc. 0.02% 1,205 $276K New
HPQ HP Inc. 0.02% 12,400 $272K No change
AVTR Avantor Inc. 0.02% 27,223 $270K Reduce -27.4%
RYAM Rayonier Advanced Materials 0.02% 34,154 $268K No change
NTR Nutrien Ltd. 0.02% 3,940 $248K No change
NVT Nvent Electric PLC 0.02% 1,447 $245K New
SIMO Silicon Motion Technol-ADR 0.02% 732 $244K New
EOSE Eos Energy Enterprises Inc. 0.02% 38,724 $228K No change
ZBRA Zebra Technologies Corp. Class A 0.02% 820 $216K New
QCOM Qualcomm Inc. 0.02% 1,159 $214K New
DVN Devon Energy Corp. 0.02% 5,159 $213K New
COST Costco Wholesale Corp. 0.02% 222 $208K Add +1.8%
DEO Diageo PLC-Sponsored ADR 0.02% 2,555 $205K New
EPD Enterprise Products Partners 0.02% 5,446 $200K No change
ESRT Empire State Realty Trust-A 0.01% 30,000 $162K No change

Options reported separately and not counted above: ORCL calls ($15K).

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 6,363,000$6.0MReduce -0.7%

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q1 2026 → Q2 2026
ADBE Adobe Inc. Reduce -38.0% 0.57% −0.64
VDE Vanguard Energy ETF Reduce -0.3% 1.49% −0.42
RHLD Resolute Holdings Manag Reduce -0.3% 1.50% −0.37
SGOV iShares 0-3 Month Treasury B Reduce -12.2% 1.24% −0.32
OIH Vaneck Oil Services ETF Reduce -1.0% 1.46% −0.32
META Meta Platforms Inc. Class A Reduce -0.9% 1.95% −0.27
ABT Abbott Laboratories Reduce -1.0% 0.95% −0.25
PTLO Portillo's Inc. Class A Reduce -0.6% 0.83% −0.20
DIS The Walt Disney Co. Reduce -0.6% 1.03% −0.12
PEP Pepsico Inc. Reduce -1.3% 0.24% −0.07
CBOE Cboe Global Markets Inc. Reduce -7.3% 0.16% −0.06
IUSV iShares Core S&P U.S. Value Reduce -2.4% 0.81% −0.04
BCO The Brink's Co. Sold out 0.00% −0.04
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -1.2% 0.20% −0.03
XLF SS Financial Select Sector Reduce -1.2% 0.76% −0.03
VRT Vertiv Holdings Co. Class A Reduce -17.2% 9.46% −0.03
CTRA Coterra Energy Inc. Sold out 0.00% −0.02
KVUE Kenvue Inc. Sold out 0.00% −0.02
JNJ Johnson & Johnson Reduce -0.8% 0.30% −0.02
GILD Gilead Sciences Inc. Sold out 0.00% −0.02
DHR Danaher Corp. Sold out 0.00% −0.02
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.02
TSLA Tesla Inc. Reduce -15.2% 0.12% −0.02
RTX RTX Corp. Reduce -1.9% 0.10% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -0.1% 2.71% −0.01
MA Mastercard Inc. Class A Reduce -0.1% 0.17% −0.01
MRK Merck & Co. Inc. Reduce -0.7% 0.13% −0.01
AVTR Avantor Inc. Reduce -27.4% 0.02% −0.00
JPM JPMorgan Chase & Co. Reduce -0.6% 1.66% −0.00
CSWC Capital Southwest Corp. Reduce -2.6% 0.04% −0.00
IWM iShares Russell 2000 ETF Reduce -2.3% 0.03% +0.00
BAC Bank of America Corp. Reduce -1.7% 0.09% +0.00
GS Goldman Sachs Group Inc. Reduce -1.0% 0.11% +0.01
IEMG iShares Core MSCI Emerging Reduce -1.1% 0.31% +0.02
HSIC Henry Schein Inc. Reduce -0.2% 2.05% +0.04
INTC Intel Corp. Reduce -3.4% 0.06% +0.04
UNH Unitedhealth Group Inc. Reduce -0.8% 0.15% +0.04
ABBV Abbvie Inc. Reduce -0.3% 2.78% +0.11
AEBI Aebi Schmidt Holding AG Reduce -0.9% 2.00% +0.27
GOOGL Alphabet Inc. Class A Reduce -0.2% 4.93% +0.52

Portfolio Buys Q1 2026 → Q2 2026
ICLR Icon PLC Add +4.8% 4.35% +1.42
CHWY Chewy Inc. Class A Add +138.4% 1.96% +0.71
V Visa Inc. Class A Add +206.4% 0.92% +0.63
AAPL Apple Inc. Add +12.0% 2.78% +0.37
KKR KKR & Co. Inc. Add +26.0% 3.04% +0.34
BRK.A Berkshire Hathaway Inc. Class A Add +28.6% 1.72% +0.30
CSCO Cisco Systems Inc. Add +156.9% 0.22% +0.16
LULU Lululemon Athletica Inc. Add +65.8% 1.22% +0.13
MSFT Microsoft Corp. Add +14.7% 3.03% +0.12
HYBB iShares BB Rated Corp. Bond Add +170.1% 0.18% +0.11
SHYG iShares 0-5 YR HY Corp. Bond Add +177.2% 0.18% +0.11
VCSH Vanguard S/T Corp. Bond ETF Add +170.8% 0.18% +0.11
BIV Vanguard Intermediate-Term B Add +174.3% 0.18% +0.11
QQQ Invesco QQQ Trust Series 1 Add +4.8% 0.60% +0.10
VTWO Vanguard Russell 2000 ETF Add +0.5% 1.08% +0.10
VOO Vanguard S&P 500 ETF Add +1.6% 1.78% +0.09
AMZN Amazon.com Inc. Add +1.3% 2.05% +0.09
DKS Dick's Sporting Goods Inc. Add +0.5% 2.40% +0.08
IWF iShares Russell 1000 Growth Add +2.6% 0.94% +0.07
CME Cme Group Inc. New 0.03% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +27.3% 0.12% +0.03
GOOG Alphabet Inc. Class C Add +0.7% 0.27% +0.03
TSM Taiwan Semiconductor-SP ADR Add +0.4% 0.13% +0.03
PANW Palo Alto Networks Inc. New 0.03% +0.03
MOH Molina Healthcare Inc. New 0.02% +0.02
NVT Nvent Electric PLC New 0.02% +0.02
SIMO Silicon Motion Technol-ADR New 0.02% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.5% 1.25% +0.02
ZBRA Zebra Technologies Corp. Class A New 0.02% +0.02
QCOM Qualcomm Inc. New 0.02% +0.02
DVN Devon Energy Corp. New 0.02% +0.02
NVDA Nvidia Corp. Add +13.4% 0.12% +0.02
DEO Diageo PLC-Sponsored ADR New 0.02% +0.02
GPGI Gpgi Inc. Add +20.5% 2.58% +0.02
VIOO Vanguard S&P Small-Cap 600 E Add +11.1% 0.08% +0.01
CNTN Canton Strategic Holdings Inc. Add +136.9% 0.03% +0.01
PGR Progressive Corp. Add +1.3% 1.66% +0.01
DE Deere & Co. Add +15.8% 0.07% +0.01
AVGO Broadcom Inc. Add +0.4% 0.10% +0.01
ARKK ARK Innovation ETF Add +0.1% 0.08% +0.01
VEA Vanguard Ftse Developed ETF Add +0.0% 2.59% +0.01
ETN Eaton Corp. PLC Add +0.6% 0.07% +0.01
IVV iShares Core S&P 500 ETF Add +3.3% 0.08% +0.00
NVO Novo-Nordisk A/S-Spons ADR Add +0.3% 0.02% +0.00
XLRE SS Real Estate Select Sector Add +1.4% 0.14% −0.00
BX Blackstone Inc. Add +1.4% 0.03% −0.00
BMY Bristol-Myers Squibb Co. Add +8.4% 0.03% −0.00
COST Costco Wholesale Corp. Add +1.8% 0.02% −0.00
ORCL Oracle Corp. Add +7.4% 0.13% −0.00
HD Home Depot Inc. Add +0.8% 0.18% −0.00

Options Activity Q1 2026 → Q2 2026
ORCL Oracle Corp. call New 100 $15K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2026 → Q2 2026
BLOCK INC (XYZ 0.25 11/01/27) NOTE 0.250%11/0 · principal Reduce -0.7% 6,363,000 $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