DaveManuel.com · Institutional Ownership · 13F Holdings

Radnor Capital Management, LLC

Reported holdings as of Q3 2026, from 32 quarterly filings.

CIK

1696867

Reported value

$725.9M

Positions

320

Top 10 weight

29.8%

Filed

2026-10-23

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
MERCK & CO INC	MRK	$75.2M	517,832	10.37%	+1.00pp	32q	HELD
APPLE INC	AAPL	$24.2M	72,535	3.33%	+0.36pp	13q	-0.5%-$131.9K
EXXONMOBIL HOLDINGS CORP	XOM	$23.2M	142,729	3.20%	-	new	NEW
JPMORGAN CHASE & CO	JPM	$18.3M	55,263	2.52%	-0.02pp	32q	HELD
AUTOZONE INC	AZO	$15.2M	5,377	2.10%	-0.34pp	13q	-1.1%-$175.5K
MICROSOFT CORP	MSFT	$13.8M	27,003	1.91%	+0.50pp	9q	HELD
GE VERNOVA INC	GEV	$12.5M	13,134	1.72%	-0.46pp	10q	HELD
EMERSON ELEC CO	EMR	$11.5M	73,928	1.58%	+0.12pp	9q	+1.7%+$196.2K
INTERNATIONAL BUSINESS MACHS	IBM	$11.4M	52,026	1.58%	-0.70pp	9q	-9.8%-$1.2M
AMERICAN EXPRESS CO	AXP	$11.2M	36,850	1.54%	-0.22pp	13q	-0.5%-$60.8K
JOHNSON & JOHNSON	JNJ	$11.0M	41,560	1.52%	flat	9q	-2.5%-$282.7K
ALPHABET INC	GOOGL	$10.9M	31,679	1.50%	-0.08pp	32q	+0.7%+$77.1K
WILLIAMS SONOMA INC	WSM	$9.9M	43,401	1.36%	-0.08pp	9q	-1.5%-$148.2K
ELI LILLY & CO	LLY	$9.6M	8,267	1.32%	-0.27pp	9q	-12.4%-$1.4M
GE AEROSPACE	GE	$9.0M	28,948	1.25%	-0.27pp	9q	HELD
WALMART INC	WMT	$7.5M	72,501	1.04%	-0.11pp	9q	+0.6%+$46.8K
ABBVIE INC	ABBV	$7.4M	28,419	1.02%	+0.02pp	32q	HELD
CHARLES SCHWAB CORP (THE)	SCHW	$7.2M	73,270	0.99%	+0.01pp	9q	-3.2%-$238.5K
AFLAC INC	AFL	$7.0M	62,811	0.97%	-0.08pp	13q	-1.5%-$109.0K
AMAZON COM INC	AMZN	$6.8M	27,472	0.94%	+0.04pp	13q	+2.3%+$156.7K
EVERPURE INC	P	$6.6M	50,523	0.91%	+0.37pp	19q	+3.5%+$221.7K
SEAGATE TECHNOLOGY HLDNGS PL	STX	$6.5M	7,000	0.89%	-0.06pp	22q	HELD
O'REILLY AUTOMOTIVE INC	ORLY	$6.4M	74,650	0.88%	-0.17pp	14q	-8.1%-$560.3K
DONALDSON INC	DCI	$6.3M	72,700	0.87%	-0.04pp	9q	+1.0%+$60.9K
ILLUMINA INC	ILMN	$5.9M	21,460	0.81%	+0.27pp	6q	-1.6%-$98.5K
CORNING INC	GLW	$5.7M	37,062	0.79%	-0.56pp	9q	-0.8%-$46.1K
INVESCO EXCHANGE TRADED FD T	RSP	$5.7M	27,310	0.78%	-0.10pp	12q	-7.5%-$457.6K
3M CO	MMM	$5.5M	33,452	0.76%	-0.03pp	32q	-3.2%-$180.7K
CATERPILLAR INC	CAT	$5.3M	6,511	0.73%	-0.33pp	9q	-8.2%-$470.3K
CISCO SYS INC	CSCO	$5.2M	48,744	0.72%	-0.08pp	32q	HELD
CHUBB LIMITED	CB	$5.0M	15,323	0.69%	-0.05pp	32q	HELD
BRISTOL-MYERS SQUIBB CO	BMY	$5.0M	79,483	0.68%	+0.04pp	9q	HELD
HEWLETT PACKARD ENTERPRISE C	HPE	$4.8M	75,201	0.66%	+0.17pp	32q	-2.6%-$127.8K
VISA INC	V	$4.4M	12,141	0.60%	+0.03pp	21q	+2.6%+$112.1K
CHEVRON CORPORATION	CVX	$4.3M	20,962	0.59%	+0.09pp	9q	-1.4%-$62.3K
CONSTELLATION ENERGY CORP	CEG	$4.2M	16,499	0.58%	+0.03pp	19q	+4.5%+$180.4K
ALPHABET INC	GOOG	$4.2M	12,245	0.57%	-0.04pp	32q	-0.8%-$32.4K
ILLINOIS TOOL WKS INC	ITW	$4.1M	16,062	0.57%	-0.04pp	9q	-0.6%-$25.7K
PHILIP MORRIS INTL INC	PM	$4.1M	21,585	0.57%	+0.02pp	9q	HELD
THE CIGNA GROUP	CI	$4.1M	15,140	0.57%	-0.02pp	9q	-0.8%-$33.2K
NEWMONT CORP	NEM	$3.9M	33,755	0.54%	+0.09pp	9q	HELD
CORPAY INC	CPAY	$3.8M	9,835	0.53%	+0.06pp	8q	-0.5%-$19.4K
PROCTER & GAMBLE CO	PG	$3.8M	26,202	0.52%	-0.01pp	9q	+0.6%+$21.8K
RTX CORPORATION	RTX	$3.8M	20,395	0.52%	-0.01pp	20q	+1.4%+$52.0K
STRYKER CORPORATION	SYK	$3.8M	13,730	0.52%	-0.07pp	9q	+2.6%+$94.2K
WASTE MGMT INC DEL	WM	$3.7M	18,221	0.51%	-0.06pp	21q	HELD
COCA COLA CO	KO	$3.7M	42,754	0.51%	+0.02pp	9q	HELD
QUALCOMM INC	QCOM	$3.6M	19,602	0.50%	-0.01pp	9q	HELD
QUANTA SVCS INC	PWR	$3.5M	5,393	0.48%	+0.03pp	20q	+21.7%+$616.8K
AMERIPRISE FINL INC	AMP	$3.3M	6,782	0.46%	+0.02pp	14q	HELD
ISHARES TR	IWF	$3.2M	25,672	0.44%	-0.01pp	9q	HELD
CVS HEALTH CORP	CVS	$3.2M	37,185	0.44%	-0.10pp	9q	HELD
HARTFORD INSURANCE GROUP INC	HIG	$3.2M	25,925	0.44%	-0.06pp	9q	-2.7%-$86.6K
AON PLC	AON	$3.1M	11,111	0.42%	-0.07pp	23q	+3.9%+$115.4K
JOHNSON CONTROLS INTERNATION	JCI	$3.1M	20,683	0.42%	flat	25q	HELD
ALTRIA GROUP INC	MO	$3.0M	44,196	0.41%	-0.04pp	32q	HELD
UNION PAC CORP	UNP	$2.9M	10,740	0.40%	-0.01pp	9q	-0.6%-$16.3K
VANGUARD INDEX FDS	VB	$2.8M	9,827	0.39%	-0.03pp	9q	HELD
EQT Corp	EQT	$2.8M	57,539	0.38%	-0.04pp	32q	HELD
DISNEY WALT CO	DIS	$2.8M	26,535	0.38%	+0.02pp	9q	-0.6%-$15.7K
AMGEN INC	AMGN	$2.8M	6,571	0.38%	+0.05pp	13q	HELD
ELEVANCE HEALTH INC FORMERLY	ELV	$2.7M	6,846	0.37%	-0.03pp	13q	-5.4%-$151.3K
FORTINET INC	FTNT	$2.7M	14,840	0.37%	+0.05pp	14q	HELD
SPHERE ENTERTAINMENT CO	SPHR	$2.6M	19,676	0.36%	-0.12pp	23q	-1.4%-$37.0K
ACCENTURE PLC IRELAND	ACN	$2.6M	14,394	0.36%	+0.13pp	32q	+9.8%+$234.7K
CURTISS WRIGHT CORP	CW	$2.6M	4,814	0.36%	-0.29pp	9q	-20.8%-$689.6K
ENBRIDGE INC	ENB	$2.6M	55,755	0.36%	-0.07pp	32q	-0.8%-$20.9K
CRANE COMPANY	CR	$2.6M	12,645	0.36%	-0.04pp	9q	HELD
VEEVA SYS INC	VEEV	$2.6M	8,970	0.35%	-	new	NEW
PEPSICO INC	PEP	$2.5M	20,049	0.35%	-0.02pp	9q	+4.1%+$100.1K
BOOKING HOLDINGS INC	BKNG	$2.5M	15,571	0.35%	flat	14q	+10.2%+$235.6K
AUTOMATIC DATA PROCESSING IN	ADP	$2.5M	9,511	0.34%	+0.04pp	13q	HELD
VERIZON COMMUNICATIONS INC	VZ	$2.4M	53,056	0.34%	+0.02pp	21q	HELD
US BANCORP	USB	$2.4M	41,951	0.33%	-0.02pp	9q	HELD
ADOBE INC	ADBE	$2.4M	9,996	0.33%	+0.07pp	7q	+12.2%+$260.8K
CHENIERE ENERGY INC	LNG	$2.4M	8,772	0.33%	+0.03pp	4q	HELD
MORGAN STANLEY	MS	$2.4M	12,519	0.32%	-0.04pp	9q	HELD
ULTA BEAUTY INC	ULTA	$2.4M	4,303	0.32%	+0.05pp	14q	-1.0%-$24.6K
LITTELFUSE INC	LFUS	$2.3M	5,545	0.32%	-0.03pp	9q	HELD
GLOBUS MED INC	GMED	$2.3M	31,120	0.32%	-0.04pp	9q	-3.1%-$73.4K
EDWARDS LIFESCIENCES CORP	EW	$2.3M	26,915	0.32%	-0.02pp	14q	HELD
DOLLAR TREE INC	DLTR	$2.3M	20,238	0.32%	-0.03pp	9q	-0.6%-$14.3K
HOME DEPOT INC	HD	$2.3M	8,103	0.32%	-0.08pp	9q	HELD
BROADCOM INC	AVGO	$2.3M	6,489	0.31%	flat	12q	+10.7%+$219.5K
LOWES COS INC	LOW	$2.2M	12,037	0.31%	-0.04pp	9q	+7.9%+$163.1K
PFIZER INC	PFE	$2.2M	77,421	0.30%	+0.04pp	9q	HELD
TRACTOR SUPPLY CO	TSCO	$2.2M	70,400	0.30%	-0.01pp	9q	HELD
PNC FINL SVCS GROUP INC	PNC	$2.2M	9,776	0.30%	-0.04pp	9q	HELD
GENERAL DYNAMICS CORP	GD	$2.2M	6,543	0.30%	-0.03pp	9q	HELD
COMCAST CORP NEW	CMCSA	$2.1M	97,732	0.29%	-0.03pp	32q	+2.9%+$59.3K
STATE STR SPDR S&P 500 ETF T	SPY	$2.1M	2,731	0.29%	-0.01pp	14q	-2.1%-$45.8K
Jazz Pharmaceuticals PLC	JAZZ	$2.0M	8,840	0.28%	-0.02pp	14q	-1.4%-$28.9K
VIKING HOLDINGS LTD	VIK	$2.0M	26,060	0.28%	-0.10pp	8q	HELD
CORTEVA INC	CTVA	$2.0M	25,765	0.28%	-0.03pp	30q	HELD
BLACKROCK INC	BLK	$2.0M	1,889	0.28%	+0.02pp	8q	-0.5%-$10.6K
ABBOTT LABORATORIES	ABT	$2.0M	19,942	0.27%	+0.02pp	13q	+0.8%+$14.8K
DIGITAL RLTY TR INC	DLR	$2.0M	11,141	0.27%	+0.04pp	6q	+24.6%+$386.2K
FIDELITY NATL INFORMATION SV	FIS	$1.9M	57,910	0.26%	-0.03pp	23q	+8.7%+$152.3K
GARMIN LTD	GRMN	$1.9M	6,617	0.26%	+0.04pp	32q	HELD
BROOKFIELD CORP	BN	$1.9M	51,136	0.26%	-0.05pp	16q	HELD
ASML HLDG NV	ASML	$1.8M	1,021	0.25%	-0.03pp	5q	HELD
DEUTSCHE BK AG	DB	$1.8M	51,400	0.25%	+0.01pp	15q	HELD
UNIVERSAL HLTH SVCS INC	UHS	$1.8M	10,371	0.25%	+0.03pp	9q	-1.5%-$26.8K
PAYCHEX INC	PAYX	$1.8M	18,051	0.24%	flat	9q	+1.7%+$29.1K
AIR PRODUCTS AND CHEMICALS I	APD	$1.8M	6,375	0.24%	+0.06pp	13q	+45.1%+$551.2K
CROWDSTRIKE HLDGS INC	CRWD	$1.8M	6,658	0.24%	+0.06pp	2q	HELD
CBRE GROUP INC	CBRE	$1.8M	13,635	0.24%	-0.02pp	14q	HELD
DYCOM INDS INC	DY	$1.7M	6,318	0.23%	-0.32pp	9q	-19.6%-$415.7K
SLB LIMITED	SLB	$1.7M	34,353	0.23%	+0.06pp	9q	+30.9%+$394.6K
UNITEDHEALTH GROUP INC	UNH	$1.7M	4,495	0.23%	-0.04pp	14q	-0.8%-$12.8K
BOEING CO	BA	$1.6M	8,805	0.23%	-0.04pp	7q	HELD
INSTALLED BLDG PRODS INC	IBP	$1.6M	8,467	0.22%	-0.10pp	22q	-15.9%-$306.2K
FEDERATED HERMES INC	FHI	$1.6M	28,695	0.22%	flat	9q	HELD
MADISON SQUARE GARDEN ENTMT	MSGE	$1.6M	20,137	0.22%	-0.01pp	9q	-1.3%-$22.0K
ESSENTIAL UTILS INC	WTRG	$1.5M	38,735	0.21%	flat	27q	-1.3%-$19.6K
NORFOLK SOUTHN CORP	NSC	$1.5M	4,790	0.20%	-0.01pp	9q	HELD
BREAD FINANCIAL HOLDINGS INC	BFH	$1.5M	15,125	0.20%	-0.03pp	13q	HELD
TORO CO	TTC	$1.5M	15,200	0.20%	-0.01pp	9q	HELD
NVIDIA CORPORATION	NVDA	$1.5M	6,362	0.20%	+0.17pp	2q	+531.8%+$1.2M
NEXTERA ENERGY INC	NEE	$1.4M	18,696	0.20%	-0.03pp	32q	+0.5%+$7.2K
EVERCORE INC	EVR	$1.4M	5,450	0.19%	-0.12pp	16q	-15.9%-$265.2K
ADVANCED MICRO DEVICES INC	AMD	$1.4M	2,286	0.19%	+0.04pp	6q	+22.5%+$256.9K
NATIONAL FUEL GAS CO	NFG	$1.4M	18,432	0.19%	-0.01pp	9q	HELD
TORONTO DOMINION BK ONT	TD	$1.4M	11,836	0.19%	-0.01pp	9q	HELD
JABIL INC	JBL	$1.4M	4,846	0.19%	-0.13pp	9q	-19.0%-$327.0K
AMPHENOL CORP	APH	$1.4M	16,448	0.19%	-0.01pp	13q	HELD
ISHARES TR	IWM	$1.4M	4,968	0.19%	-0.02pp	9q	-0.6%-$8.3K
COGNIZANT TECHNOLOGY SOLUTIO	CTSH	$1.4M	23,640	0.19%	+0.06pp	9q	HELD
PENUMBRA INC	PEN	$1.3M	4,233	0.19%	+0.04pp	4q	+31.5%+$322.5K
PRUDENTIAL FINL INC	PRU	$1.3M	11,860	0.19%	-0.01pp	9q	-8.5%-$124.9K
VANGUARD INDEX FDS	VTI	$1.3M	3,581	0.18%	flat	9q	HELD
CME GROUP INC	CME	$1.3M	5,084	0.18%	+0.03pp	9q	HELD
WEX INC	WEX	$1.3M	7,880	0.18%	+0.03pp	8q	HELD
RANGE RES CORP	RRC	$1.3M	35,860	0.18%	flat	12q	HELD
COSTCO WHOLESALE CORPORATION	COST	$1.3M	1,422	0.18%	-0.01pp	32q	HELD
ACUITY INC	AYI	$1.3M	4,140	0.18%	-0.04pp	14q	HELD
ISHARES TR	IWR	$1.3M	12,010	0.18%	-0.01pp	9q	HELD
BROOKFIELD ASSET MANAGMT LTD	BAM	$1.3M	28,739	0.18%	flat	9q	HELD
TARGET CORP	TGT	$1.3M	8,091	0.17%	+0.03pp	20q	-0.6%-$7.8K
SERVICENOW INC	NOW	$1.3M	9,455	0.17%	-	new	NEW
TEXAS PACIFIC LAND CORPORATI	TPL	$1.3M	3,870	0.17%	-0.06pp	23q	HELD
ISHARES TR	EFA	$1.3M	12,100	0.17%	flat	9q	HELD
ROSS STORES INC	ROST	$1.2M	5,285	0.17%	+0.01pp	9q	-1.1%-$14.0K
META PLATFORMS INC	META	$1.2M	1,700	0.17%	+0.05pp	14q	+10.7%+$119.7K
TEXAS INSTRS INC	TXN	$1.2M	4,345	0.17%	-0.01pp	9q	HELD
BANK NOVA SCOTIA B C	BNS	$1.2M	13,275	0.17%	flat	13q	HELD
UNITED PARCEL SVCS INC	UPS	$1.2M	12,338	0.16%	-0.03pp	9q	-2.6%-$30.4K
QNITY ELECTRONICS INC	Q	$1.1M	8,997	0.16%	-0.05pp	4q	HELD
AT&T INC	T	$1.1M	45,688	0.15%	+0.02pp	32q	HELD
DEXCOM INC	DXCM	$1.1M	12,910	0.15%	-	new	NEW
Dominion Energy, Inc.	D	$1.1M	18,230	0.15%	-0.02pp	32q	HELD
CONOCOPHILLIPS	COP	$1.1M	8,742	0.15%	+0.01pp	32q	-6.1%-$70.8K
BANK OF NY MELLON CORP	BNY	$1.1M	7,535	0.15%	flat	12q	HELD
UNILEVER PLC	UL	$1.1M	17,905	0.15%	flat	4q	HELD
AFFILIATED MANAGERS GROUP	AMG	$1.1M	2,970	0.15%	+0.01pp	13q	HELD
MCDONALDS CORP	MCD	$1.1M	4,653	0.15%	-0.03pp	9q	HELD
MASTERCARD INCORPORATED	MA	$1.0M	1,862	0.14%	+0.01pp	26q	HELD
AEROVIRONMENT INC	AVAV	$1.0M	7,148	0.14%	-0.02pp	13q	+2.8%+$27.7K
EOG RES INC	EOG	$988.4K	7,175	0.14%	flat	26q	-2.7%-$27.6K
BWX TECHNOLOGIES INC	BWXT	$983.1K	7,424	0.14%	-0.21pp	6q	-43.0%-$741.6K
SIMON PPTY GROUP INC NEW	SPG	$971.2K	4,837	0.13%	-0.02pp	9q	-2.0%-$20.1K
VANGUARD SPECIALIZED FUNDS	VIG	$950.0K	4,072	0.13%	+0.02pp	9q	+17.7%+$143.0K
VANGUARD TAX-MANAGED FDS	VEA	$939.8K	13,310	0.13%	+0.01pp	9q	+14.2%+$116.5K
BERKSHIRE HATHAWAY INC DEL	BRKB	$926.2K	1,860	0.13%	flat	13q	HELD
WEYERHAEUSER CO	WY	$918.0K	48,188	0.13%	-0.04pp	9q	-1.6%-$15.2K
EXELON CORP	EXC	$905.2K	22,407	0.12%	-0.02pp	32q	HELD
ISHARES TR	IVV	$901.4K	1,177	0.12%	flat	9q	+3.3%+$29.1K
STARBUCKS CORP	SBUX	$881.8K	9,385	0.12%	-0.01pp	9q	HELD
LOCKHEED MARTIN CORP	LMT	$881.0K	1,730	0.12%	flat	9q	HELD
NETFLIX INC.	NFLX	$875.3K	12,580	0.12%	-	new	NEW
NORTHROP GRUMMAN CORP	NOC	$868.3K	1,796	0.12%	-0.01pp	9q	HELD
ORACLE CORP	ORCL	$855.5K	6,231	0.12%	-0.02pp	32q	-3.5%-$30.9K
DAVITA INC	DVA	$839.6K	4,800	0.12%	-0.03pp	14q	HELD
TC ENERGY CORP	TRP	$837.8K	14,500	0.12%	-0.02pp	30q	HELD
CLOUDFLARE INC	NET	$837.3K	2,411	0.12%	+0.09pp	2q	+194.0%+$552.5K
SHELL PLC	SHEL	$818.4K	8,610	0.11%	+0.02pp	9q	HELD
RESMED INC	RMD	$818.1K	3,700	0.11%	+0.01pp	9q	HELD
NOVARTIS AG	NVS	$816.2K	5,725	0.11%	-0.01pp	14q	HELD
BROWN BROWN INC	BRO	$812.4K	13,340	0.11%	+0.02pp	9q	+29.5%+$185.1K
GENERAC HLDGS INC	GNRC	$801.9K	3,875	0.11%	-0.20pp	9q	-49.1%-$773.6K
FEDEX CORP	FDX	$795.7K	2,791	0.11%	-0.15pp	21q	-53.1%-$900.9K
EXPEDITORS INTL WASH INC	EXPD	$789.3K	4,275	0.11%	flat	9q	-7.1%-$60.0K
IRON MTN INC DEL	IRM	$783.2K	7,059	0.11%	+0.01pp	2q	+33.7%+$197.5K
RPM INTL INC	RPM	$782.0K	7,925	0.11%	-0.02pp	9q	HELD
FERGUSON ENTERPRISES INC	FERG	$776.9K	3,490	0.11%	-0.01pp	9q	HELD
LKQ CORP	LKQ	$776.6K	34,017	0.11%	-0.02pp	9q	-4.2%-$34.2K
DUPONT DE NEMOURS INC	DD	$771.3K	5,938	0.11%	-0.01pp	2q	HELD
FACTSET RESH SYS INC	FDS	$768.0K	2,845	0.11%	+0.01pp	9q	HELD
WD-40 CO	WDFC	$767.5K	3,800	0.11%	-0.02pp	9q	HELD
HP INC	HPQ	$763.0K	24,394	0.11%	+0.02pp	32q	-11.9%-$103.2K
MAXIMUS INC	MMS	$759.3K	14,275	0.10%	flat	9q	HELD
BKV CORP	BKV	$739.5K	34,655	0.10%	-0.03pp	8q	HELD
VANECK ETF TRUST	GDX	$734.9K	8,370	0.10%	+0.01pp	14q	HELD
VANGUARD INTL EQUITY INDEX F	VWO	$733.1K	12,360	0.10%	flat	9q	HELD
MONDELEZ INTL INC	MDLZ	$723.4K	12,512	0.10%	flat	9q	-2.7%-$20.0K
HEALTHEQUITY INC	HQY	$722.4K	8,686	0.10%	flat	18q	HELD
S&P GLOBAL INC	SPGI	$717.1K	1,818	0.10%	-0.01pp	32q	HELD
CHURCH & DWIGHT CO INC	CHD	$712.3K	7,560	0.10%	flat	9q	HELD
NEBIUS GROUP N.V.	NBIS	$707.2K	2,998	0.10%	+0.02pp	2q	+53.7%+$247.2K
TJX COS INC NEW	TJX	$688.0K	5,200	0.09%	-0.02pp	9q	HELD
COLGATE PALMOLIVE CO	CL	$682.8K	8,003	0.09%	-0.01pp	9q	HELD
PPG INDS INC	PPG	$679.4K	6,512	0.09%	-0.02pp	9q	HELD
BAXTER INTL INC	BAX	$677.7K	28,238	0.09%	+0.01pp	13q	HELD
DUKE ENERGY CORP NEW	DUK	$675.6K	5,926	0.09%	-0.01pp	32q	HELD
GE HEALTHCARE TECHNOLOGIES I	GEHC	$662.6K	10,136	0.09%	flat	15q	HELD
BHP BILLITON LIMITED	BHP	$644.8K	7,600	0.09%	flat	8q	HELD
XYLEM INC	XYL	$638.0K	6,300	0.09%	-0.02pp	21q	HELD
FEDEX FGHT HLDG CO INC	FDXF	$635.9K	5,814	0.09%	-0.04pp	2q	-1.3%-$8.2K
CARLISLE COS INC	CSL	$633.1K	1,965	0.09%	-0.01pp	9q	-0.8%-$4.8K
ISHARES TR	USMV	$626.9K	6,434	0.09%	flat	14q	HELD
HALOZYME THERAPEUTICS INC	HALO	$622.4K	5,638	0.09%	+0.04pp	2q	+27.0%+$132.5K
ITT INC	ITT	$614.1K	3,043	0.08%	flat	16q	HELD
SOLVENTUM CORP	SOLV	$613.8K	6,963	0.08%	+0.01pp	10q	HELD
DOW HLDGS INC	DOW	$608.4K	22,092	0.08%	flat	9q	-3.7%-$23.3K
ZIFF DAVIS INC	ZD	$607.0K	10,708	0.08%	flat	14q	-2.7%-$17.0K
SCHWAB STRATEGIC TR	SCHV	$606.6K	18,210	0.08%	-0.01pp	9q	HELD
ISHARES TR	IJH	$601.7K	8,363	0.08%	flat	7q	+6.1%+$34.5K
WELLS FARGO & CO	WFC	$586.4K	7,326	0.08%	-0.01pp	9q	-2.7%-$16.0K
AMERICAN ELEC PWR CO INC	AEP	$568.2K	4,789	0.08%	-0.01pp	13q	HELD
ANALOG DEVICES INC	ADI	$563.3K	1,420	0.08%	flat	13q	HELD
VANECK ETF TRUST	GDXJ	$547.0K	4,800	0.08%	+0.01pp	14q	HELD
Ovintiv Inc.	OVV	$544.7K	9,420	0.08%	+0.01pp	21q	HELD
AXON ENTERPRISE INC	AXON	$543.8K	1,287	0.07%	-0.03pp	2q	HELD
RALPH LAUREN CORP	RL	$539.7K	1,520	0.07%	-0.03pp	9q	-15.1%-$95.9K
LCI INDS	LCII	$538.8K	6,440	0.07%	-0.02pp	14q	HELD
TRANE TECHNOLOGIES PLC	TT	$511.2K	1,131	0.07%	-0.01pp	13q	HELD
ROPER TECHNOLOGIES INC	ROP	$501.8K	1,436	0.07%	+0.02pp	3q	+50.4%+$168.1K
ISHARES TR	ITOT	$500.7K	3,011	0.07%	flat	7q	HELD
YUM! BRANDS INC	YUM	$488.9K	3,586	0.07%	-0.01pp	9q	+4.6%+$21.4K
SPDR INDEX SHS FDS	CWI	$484.9K	12,000	0.07%	flat	14q	HELD
CENTENE CORP DEL	CNC	$481.4K	7,750	0.07%	flat	14q	-1.9%-$9.3K
KIMBERLY CLARK CORP	KMB	$478.5K	4,911	0.07%	-0.01pp	9q	HELD
ISHARES TR	IJR	$475.5K	3,495	0.07%	flat	7q	+6.1%+$27.2K
CARPENTER TECHNOLOGY CORP	CRS	$474.4K	1,220	0.07%	-0.04pp	8q	HELD
CARDINAL HEALTH INC	CAH	$469.3K	2,109	0.06%	-0.01pp	12q	HELD
PHILLIPS 66	PSX	$457.5K	1,792	0.06%	+0.02pp	9q	HELD
SNAP ON INC	SNA	$454.2K	1,250	0.06%	-0.01pp	9q	HELD
BRINKER INTL INC	EAT	$447.1K	2,310	0.06%	+0.01pp	9q	HELD
TAPESTRY INC	TPR	$442.9K	3,850	0.06%	-0.02pp	9q	-7.2%-$34.5K
PRIMERICA INC	PRI	$435.8K	1,600	0.06%	flat	14q	HELD
VANGUARD INDEX FDS	VO	$435.4K	5,552	0.06%	flat	9q	HELD
SMUCKER J M CO	SJM	$433.0K	3,641	0.06%	flat	9q	HELD
BANK OF AMER CORP	BAC	$428.1K	7,865	0.06%	flat	12q	HELD
GRAND CANYON ED INC	LOPE	$424.5K	2,800	0.06%	flat	14q	HELD
DANAHER CORP DEL	DHR	$399.0K	1,801	0.05%	+0.01pp	9q	HELD
ISHARES TR	IEFA	$397.2K	4,100	0.05%	flat	14q	HELD
APA CORPORATION	APA	$396.7K	9,550	0.05%	+0.01pp	22q	-6.8%-$29.1K
JACOBS SOLUTIONS INC	J	$394.2K	2,914	0.05%	flat	14q	HELD
DEERE CO	DE	$390.8K	582	0.05%	flat	9q	HELD
HONEYWELL INTL INC	HON	$389.0K	1,844	0.05%	flat	2q	HELD
MOTOROLA SOLUTIONS INC	MSI	$388.4K	871	0.05%	-0.01pp	9q	-16.4%-$76.3K
FIRST HORIZON CORPORATION	FHN	$380.4K	16,525	0.05%	-0.01pp	9q	-2.9%-$11.5K
SCHWAB STRATEGIC TR	SCHX	$378.6K	12,620	0.05%	-	new	NEW
SYSCO CORP	SYY	$373.8K	4,795	0.05%	flat	9q	HELD
CONSTELLATION BRANDS INC	STZ	$373.0K	3,299	0.05%	-0.01pp	12q	HELD
VANGUARD SCOTTSDALE FDS	VTHR	$369.1K	1,100	0.05%	flat	15q	HELD
EATON CORP PLC	ETN	$363.5K	846	0.05%	flat	12q	HELD
BECTON DICKINSON CO	BDX	$362.3K	2,024	0.05%	flat	13q	-13.1%-$54.4K
MEDTRONIC PLC	MDT	$359.8K	4,170	0.05%	flat	32q	HELD
VANGUARD INTL EQUITY INDEX F	VEU	$351.7K	4,239	0.05%	flat	7q	+1.4%+$4.8K
AMERICAN TOWER CORP	AMT	$351.1K	2,145	0.05%	flat	11q	HELD
SOUTHERN CO	SO	$348.1K	4,200	0.05%	-0.01pp	9q	HELD
TETRA TECH INC NEW	TTEK	$347.9K	10,525	0.05%	flat	9q	-13.2%-$52.9K
LINDE PLC	LIN	$347.9K	733	0.05%	-0.01pp	14q	HELD
AMETEK INC	AME	$346.8K	1,400	0.05%	flat	13q	HELD
V F CORP	VFC	$342.2K	26,850	0.05%	-0.02pp	6q	-16.5%-$67.6K
ISHARES TR	IWP	$341.3K	2,479	0.05%	flat	9q	HELD
FISERV INC	FISV	$339.9K	7,524	0.05%	flat	9q	HELD
JFROG LTD	FROG	$339.6K	3,500	0.05%	flat	2q	HELD
INVESCO EXCH TRADED FD TR II	GOVI	$334.3K	13,233	0.05%	-	new	NEW
INVESCO EXCH TRADED FD TR II	QQQM	$322.9K	1,060	0.04%	-	new	NEW
TE CONNECTIVITY PLC	TEL	$321.7K	1,524	0.04%	flat	9q	HELD
SCHEIN HENRY INC	HSIC	$320.3K	3,815	0.04%	flat	9q	HELD
ISHARES TR	IWO	$310.5K	870	0.04%	-0.01pp	7q	HELD
INTUIT	INTU	$301.6K	1,094	0.04%	-	new	NEW
INVESCO ACTIVELY MANAGED EXC	GTO	$297.3K	6,667	0.04%	-	new	NEW
SCHWAB STRATEGIC TR	SCHF	$295.8K	10,768	0.04%	flat	9q	HELD
SHERWIN WILLIAMS CO	SHW	$295.8K	915	0.04%	flat	9q	HELD
MERITAGE HOMES CORP	MTH	$293.4K	4,668	0.04%	-0.19pp	16q	-76.6%-$959.1K
QUEST DIAGNOSTICS INC	DGX	$293.0K	1,257	0.04%	flat	7q	HELD
NUTRIEN LTD	NTR	$290.8K	4,140	0.04%	flat	7q	-1.4%-$4.2K
HONEYWELL AEROSPACE INC	HONA	$285.8K	1,844	0.04%	-0.02pp	2q	HELD
INTERNATIONAL FLAVORS&FRAGRA	IFF	$283.6K	3,397	0.04%	flat	9q	HELD
ISHARES TR	EFV	$281.8K	3,561	0.04%	flat	7q	HELD
ACADEMY SPORTS & OUTDOORS IN	ASO	$279.2K	5,805	0.04%	flat	18q	HELD
TWIST BIOSCIENCE CORP	TWST	$271.3K	1,404	0.04%	-	new	NEW
VANGUARD BD INDEX FDS	BSV	$271.0K	3,547	0.04%	flat	9q	HELD
VANGUARD BD INDEX FDS	BIV	$266.8K	3,662	0.04%	flat	9q	HELD
OMNICOM GROUP INC	OMC	$265.1K	3,600	0.04%	flat	9q	-2.7%-$7.4K
ISHARES TR	IJK	$257.8K	2,352	0.04%	flat	6q	HELD
ECOLAB INC	ECL	$254.0K	925	0.03%	flat	9q	HELD
CANADIAN NATL RY CO	CNI	$249.7K	2,100	0.03%	flat	4q	HELD
COMFORT SYS USA INC	FIX	$248.1K	150	0.03%	-	new	NEW
ROBINHOOD MKTS INC	HOOD	$247.8K	2,203	0.03%	-	new	NEW
DORMAN PRODS INC	DORM	$245.2K	2,000	0.03%	flat	9q	HELD
GILEAD SCIENCES INC	GILD	$237.1K	1,591	0.03%	-	new	NEW
DIAGEO PLC	DEO	$236.2K	2,759	0.03%	flat	14q	-4.9%-$12.2K
CLOROX CO DEL	CLX	$235.9K	2,912	0.03%	-0.01pp	9q	HELD
ZIMMER BIOMET HOLDINGS INC	ZBH	$234.6K	2,641	0.03%	flat	21q	HELD
INTEL CORP	INTC	$234.4K	1,950	0.03%	-0.01pp	2q	HELD
MICRON TECHNOLOGY INC	MU	$234.3K	220	0.03%	-0.01pp	2q	-18.5%-$53.3K
BNY MELLON ETF TRUST II	BKMI	$233.2K	9,390	0.03%	flat	2q	+0.9%+$2.0K
THOR INDS INC	THO	$230.7K	3,339	0.03%	flat	9q	HELD
THERMO FISHER SCIENTIFIC INC	TMO	$226.8K	336	0.03%	-	new	NEW
BROADRIDGE FINL SOLUTIONS IN	BR	$226.7K	1,407	0.03%	-	new	NEW
ISHARES TR	IDV	$224.2K	5,315	0.03%	flat	4q	HELD
SPDR SERIES TRUST	SPYM	$219.6K	2,447	0.03%	-	new	NEW
SCHWAB STRATEGIC TR	SCHA	$219.0K	6,712	0.03%	flat	2q	HELD
SKYWORKS SOLUTIONS INC	SWKS	$215.8K	2,525	0.03%	-	new	NEW
VANGUARD INDEX FDS	VTV	$212.6K	984	0.03%	flat	2q	HELD
PETROLEO BRASILEIRO S A	PBR	$210.8K	10,100	0.03%	+0.01pp	14q	-3.3%-$7.3K
VERTEX INC	VERX	$209.4K	17,775	0.03%	-	new	NEW
HERSHEY CO	HSY	$208.8K	1,325	0.03%	flat	9q	HELD
CARRIER GLOBAL CORPORATION	CARR	$204.7K	3,732	0.03%	-0.01pp	16q	HELD
PPL CORP	PPL	$203.4K	6,184	0.03%	flat	12q	HELD
CONSOLIDATED EDISON INC	ED	$203.2K	1,988	0.03%	flat	3q	HELD
HUMANA INC	HUM	$202.2K	530	0.03%	flat	2q	HELD
ASTERA LABS INC	ALAB	$200.8K	564	0.03%	-	new	NEW
VALE S A	VALE	$153.0K	11,409	0.02%	-0.02pp	14q	-46.9%-$135.1K
MILESTONE SCIENTIFIC INC	MLSS	$6.0K	15,000	0.00%	flat	32q	HELD

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Biotech & Pharma	$125.0M	17.2%
Retail & Consumer	$66.5M	9.2%
Computer Hardware	$62.1M	8.6%
Semiconductors & Electronics	$53.1M	7.3%
Software & IT Services	$46.0M	6.3%
Energy	$43.2M	5.9%
Banks & Lending	$42.5M	5.9%
Industrials	$32.0M	4.4%
Insurance	$30.9M	4.3%
Capital Markets	$21.8M	3.0%
Business Services	$20.7M	2.8%
Medical Devices	$20.1M	2.8%
Other sectors	$130.9M	18.0%
Not classified	$31.1M	4.3%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q3 2026	-1.3%	+2.1%	-3.5%	100%
Q2 2026	+9.0%	+14.8%	-5.8%	100%
Q1 2026	+0.7%	-4.6%	+5.3%	100%
Q4 2025	+3.4%	+2.4%	+1.0%	100%
Q3 2025	+5.8%	+7.8%	-2.0%	100%
Q2 2025	+4.1%	+10.5%	-6.4%	100%
Q1 2025	-0.2%	-4.6%	+4.3%	100%
Q4 2024	-2.3%	+2.1%	-4.4%	100%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q3 2026	$725.9M	320	20	46	80	12	29.8%	23
Q2 2026	$712.0M	312	22	34	81	18	28.2%	16
Q1 2026	$675.8M	308	6	39	75	9	29.3%	15
Q4 2025	$673.8M	311	10	49	121	13	28.8%	37
Q3 2025	$657.3M	314	7	39	97	12	27.9%	21
Q2 2025	$626.8M	319	8	86	60	6	27.4%	9
Q1 2025	$596.9M	317	17	80	58	11	28.1%	11
Q4 2024	$598.4M	311	9	20	197	30	28.7%	14
Q3 2024	$673.4M	332	178	85	18	9	28.1%	30
Q2 2024	$328.0M	163	7	54	31	162	48.1%	12
Q1 2024	$586.5M	318	15	39	133	13	30.6%	11
Q4 2023	$536.2M	316	27	75	119	13	29.8%	11
Q3 2023	$502.6M	302	181	34	46	4	30.1%	12
Q2 2023	$234.0M	125	41	24	24	129	53.7%	7
Q1 2023	$380.1M	213	17	94	17	45	37.0%	6
Q4 2022	$408.8M	241	18	45	38	6	34.8%	9
Q3 2022	$344.8M	229	5	63	46	9	33.4%	12
Q2 2022	$365.6M	233	10	82	40	20	32.4%	11
Q1 2022	$398.6M	243	13	76	73	16	30.4%	25
Q4 2021	$405.0M	246	156	29	32	3	32.0%	20
Q3 2021	$168.4M	93	19	43	6	120	61.4%	26
Q2 2021	$296.3M	194	16	25	44	29	38.8%	21
Q1 2021	$310.9M	207	17	29	78	7	35.6%	26
Q4 2020	$354.5M	197	11	60	46	5	42.3%	13
Q3 2020	$298.5M	191	18	74	49	7	40.8%	33
Q2 2020	$276.8M	180	23	50	19	8	41.9%	28
Q1 2020	$243.7M	165	4	18	37	25	43.9%	7
Q4 2019	$322.7M	186	14	14	31	6	42.0%	10
Q3 2019	$305.1M	178	1	19	35	6	42.4%	7
Q2 2019	$303.9M	183	13	31	61	8	42.0%	18
Q1 2019	$305.5M	178	10	19	52	3	43.9%	25
Q4 2018	$277.1M	171	0	0	0	0	44.8%	16

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.