Stone Run Capital, LLC — Full 13F Portfolio Breakdown

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$253.9M

Reporting period: 2025-09-30 · Number of holdings: 71

STONE RUN CAPITAL, LLC disclosed 71 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $253.9M and a quarterly turnover rate of 28.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 10.49
Portfolio Stability: 28.77
Momentum/Contrarian: 100
Sector conviction: 61.28
Diversification: 100
Sizing Uniformity: 90.65

Recent moves

Add GLW
-0.1%　$5.4M
Add APH
-2.6%　$5.4M
Trim MIDD
-87.1%　-$4.5M
Add ANET
-0.3%　$4.5M
Trim FISV
-7.7%　-$3.1M
Add GOOGL
+13.0%　$3.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	APH	Amphenol Corp-cl A	Stock-Tech	4.65%	+1.94%	-2.56%
2	HEI	Heico CORP	Stock-Industrials	4.51%	+0.51%	-0.04%
3	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	4.07%	-0.67%	—
4	ADSK	Autodesk INC	Stock-Tech	3.95%	+0.23%	-3.22%
5	ANET	Arista Networks INC	Stock-Tech	3.81%	+1.64%	-0.30%
6	MLM	Martin Marietta Materials	Stock-Materials	3.79%	+0.60%	-3.39%
7	WTS	Watts Water Technologies-a	Stock-Industrials	3.52%	+0.67%	-3.18%
8	SPGI	S&p Global INC	Stock-Financials	3.46%	-0.62%	-5.52%
9	LIN	Linde plc	Stock-Materials	3.30%	—	-0.06%
10	LII	Lennox International INC	Stock-Industrials	3.28%	-0.37%	+1.35%
11	ROP	Roper Technologies INC	Stock-Tech	3.15%	-0.95%	-2.73%
12	STE	STERIS plc	Stock-Healthcare	2.76%	+0.02%	+0.53%
13	GLW	Corning INC	Stock-Tech	2.74%	+2.08%	-0.05%
14	SHW	Sherwin-williams Co/the	Stock-Materials	2.52%	—	-0.32%
15	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	2.49%	+0.03%	+13.42%
16	ECL	Ecolab INC	Stock-Materials	2.34%	+0.03%	—
17	EMR	Emerson Electric Co	Stock-Industrials	2.27%	-0.29%	-0.34%
18	WAB	Wabtec CORP	Stock-Industrials	2.24%	+0.05%	-3.41%
19	GEV	GE Vernova INC	Stock-Industrials	2.17%	+0.70%	-2.87%
20	EW	Edwards Lifesciences CORP	Stock-Healthcare	2.16%	—	-0.07%
21	PAYX	Paychex INC	Stock-Tech	2.14%	-0.63%	+0.23%
22	XYL	Xylem INC	Stock-Industrials	2.01%	+0.26%	-0.65%
23	DHR	Danaher CORP	Stock-Healthcare	1.98%	—	+0.10%
24	TRMB	Trimble INC	Stock-Tech	1.91%	+0.48%	-0.42%
25	LH	Labcorp Holdings INC	Stock-Healthcare	1.89%	+0.40%	-7.48%
26	TECH	Bio-techne CORP	Stock-Healthcare	1.71%	—	-0.06%
27	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.66%	+1.31%	+13.03%
28	NDSN	Nordson CORP	Stock-Industrials	1.64%	+0.24%	-10.57%
29	IT	Gartner INC	Stock-Tech	1.62%	-1.15%	-0.29%
30	BDX	Becton Dickinson And Co	Stock-Healthcare	1.56%	-0.58%	-13.32%
31	MKC	Mccormick & Co-non Vtg Shrs	Stock-Consumer Staples	1.56%	-0.51%	-1.17%
32	SNPS	Synopsys INC	Stock-Tech	1.46%	+1.21%	+499.84%
33	FISV	Fiserv INC	Stock-Other	1.45%	-1.43%	-7.74%
34	ENTG	Entegris INC	Stock-Tech	1.45%	+0.31%	+20.04%
35	RVTY	Revvity INC	Stock-Healthcare	1.36%	-0.49%	-0.38%
36	TER	Teradyne INC	Stock-Tech	1.11%	+0.48%	-0.73%
37	PANW	Palo Alto Networks INC	Stock-Tech	1.08%	+0.28%	+23.57%
38	VLTO	Veralto CORP	Stock-Industrials	0.87%	-0.46%	-25.96%
39	PTC	Ptc INC	Stock-Tech	0.74%	+0.12%	+2.78%
40	EPAM	Epam Systems INC	Stock-Tech	0.72%	-0.19%	-5.16%
41	AAPL	Apple INC	Stock-Tech	0.70%	+0.05%	—
42	AXGN	Axogen INC	Stock-Other	0.66%	—	+2.72%
43	AOS	Smith (a.o.) CORP	Stock-Industrials	0.64%	-0.15%	-16.17%
44	BIP	Brookfield Infrastructure Partners L.P.	Stock-Utilities	0.63%	—	+0.02%
45	FTNT	Fortinet INC	Stock-Tech	0.52%	—	-1.26%
46	ISRG	Intuitive Surgical INC	Stock-Healthcare	0.44%	—	—
47	ABBV	Abbvie INC	Stock-Healthcare	0.34%	—	—
48	MMM	3m Co	Stock-Industrials	0.26%	—	—
49	RTX	Rtx CORP	Stock-Industrials	0.24%	—	—
50	ITW	Illinois Tool Works	Stock-Industrials	0.20%	—	—

1–50 of 71

Portfolio Performance

Performance for Q3 2026

+2.6%

Performance Last 4 Quarters

+8.3%

Based on 61% of reported portfolio value with available pricing

Stdev: +15.8%
Beta: +1.02
Alpha: -7.7%
Max Drawdown: -10.6%
Annualized Perf: +10.5%
Batting Avg vs S&P: +33.3%
Sortino: +1.19
Stutzer: +0.21
Treynor: +0.11
Sterling: +0.54
Calmar: +0.99
Information Ratio: -0.87
Tracking Error: +8.4%
Stdev Down: +9.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +30.4%
Worst 12 Months: +1.2%
Efficiency Ratio: +0.26
Sharpe: +0.71
Stdev Sectors: +10%
Skewness: 0
Kurtosis: -0.42
Upside Potential: +2.93

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-09-30	71	$253.9M	29	1APH 2HEI 3BRK-B Top holdings2025-09-30 1.APH 2.HEI 3.BRK-B 4.ADSK 5.ANET 6.MLM 7.WTS 8.SPGI 9.LIN 10.LII
2025-06-30	68	$250.1M	0	1HEI 2ADSK 3SPGI Top holdings2025-06-30 1.HEI 2.ADSK 3.SPGI 4.BRK-B 5.APH 6.ROP 7.LII 8.MLM 9.LIN 10.WTS
2025-03-31	66	$237.3M	100	1BRK-B 2ROP 3SPGI Top holdings2025-03-31 1.BRK-B 2.ROP 3.SPGI 4.HEI 5.ADSK 6.LII 7.LIN 8.MLM 9.FISV 10.WTS
2024-12-31	68	$254.5M	0	1SPGI 2LII 3ADSK Top holdings2024-12-31 1.SPGI 2.LII 3.ADSK 4.BRK-B 5.HEI 6.IT 7.ROP 8.MLM 9.ANET 10.STE
2024-09-30	70	$268.6M	0	1HEI 2SPGI 3LII Top holdings2024-09-30 1.HEI 2.SPGI 3.LII 4.BRK-B 5.IT 6.ROP 7.ADSK 8.LIN 9.MLM 10.TMO
2024-06-30	65	$250.4M	0	1HEI 2SPGI 3ROP Top holdings2024-06-30 1.HEI 2.SPGI 3.ROP 4.ADSK 5.LII 6.BRK-B 7.MLM 8.IT 9.LIN 10.TMO
2024-03-31	66	$261.7M	0	1MLM 2BRK-B 3LIN Top holdings2024-03-31 1.MLM 2.BRK-B 3.LIN 4.IT 5.ROP 6.SPGI 7.MIDD 8.ADSK 9.LII 10.HEI
2023-12-31	65	$233.4M	0	1SPGI 2ROP 3MLM Top holdings2023-12-31 1.SPGI 2.ROP 3.MLM 4.BRK-B 5.LIN 6.IT 7.ADSK 8.BDX 9.HEI 10.LII
2023-09-30	57	$204.0M	0	1MLM 2LIN 3SPGI Top holdings2023-09-30 1.MLM 2.LIN 3.SPGI 4.ROP 5.DHR 6.ADSK 7.BRK-B 8.TMO 9.HEI 10.PAYX
2023-06-30	56	$218.7M	0	1MLM 2SPGI 3LIN Top holdings2023-06-30 1.MLM 2.SPGI 3.LIN 4.ROP 5.BDX 6.DHR 7.BRK-B 8.HEI 9.ADSK 10.TMO
2023-03-31	57	$209.2M	0	1LIN 2ROP 3DHR Top holdings2023-03-31 1.LIN 2.ROP 3.DHR 4.TMO 5.SPGI 6.MLM 7.HEI 8.ADSK 9.BRK-B 10.PAYX
2022-12-31	58	$197.9M	0	1DHR 2MLM 3LIN Top holdings2022-12-31 1.DHR 2.MLM 3.LIN 4.TMO 5.ROP 6.SPGI 7.BRK-B 8.ADSK 9.IT 10.PAYX
2022-09-30	59	$185.6M	0	1DHR 2MLM 3TMO Top holdings2022-09-30 1.DHR 2.MLM 3.TMO 4.SPGI 5.HEI 6.ADSK 7.PAYX 8.LIN 9.ROP 10.BRK-B
2022-06-30	60	$198.8M	0	1DHR 2SPGI 3TMO Top holdings2022-06-30 1.DHR 2.SPGI 3.TMO 4.MLM 5.TECH 6.LIN 7.ROP 8.IFF 9.PAYX 10.EW
2022-03-31	64	$270.6M	0	1SPGI 2DHR 3EW Top holdings2022-03-31 1.SPGI 2.DHR 3.EW 4.MLM 5.TMO 6.IFF 7.LIN 8.TECH 9.FISV 10.ADSK
2021-12-31	62	$309.6M	0	1EPAM 2IHS 3DHR Top holdings2021-12-31 1.EPAM 2.IHS 3.DHR 4.MLM 5.TMO 6.EW 7.TECH 8.ADSK 9.IFF 10.RVTY
2021-09-30	64	$291.6M	0	1DHR 2IHS 3EPAM Top holdings2021-09-30 1.DHR 2.IHS 3.EPAM 4.ADSK 5.TECH 6.TMO 7.EW 8.MLM 9.IFF 10.LIN
2021-06-30	64	$283.5M	15	1ADSK 2IHS 3TECH Top holdings2021-06-30 1.ADSK 2.IHS 3.TECH 4.DHR 5.EPAM 6.MLM 7.IFF 8.EW 9.TMO 10.ROP
2021-03-31	64	$261.7M	11	1ADSK 2IFF 3IHS Top holdings2021-03-31 1.ADSK 2.IFF 3.IHS 4.MLM 5.TECH 6.LIN 7.DHR 8.BDX 9.TMO 10.EPAM
2020-12-31	60	$251.6M	15	1ADSK 2IHS 3BDX Top holdings2020-12-31 1.ADSK 2.IHS 3.BDX 4.DHR 5.TMO 6.EPAM 7.ROP 8.TECH 9.EW 10.MLM
2020-09-30	61	$218.8M	13	1ADSK 2DHR 3TMO Top holdings2020-09-30 1.ADSK 2.DHR 3.TMO 4.EPAM 5.IHS 6.ROP 7.EW 8.AKX 9.MKC 10.MLM
2020-06-30	57	$202.1M	23	1ADSK 2IHS 3ROP Top holdings2020-06-30 1.ADSK 2.IHS 3.ROP 4.DHR 5.TECH 6.TMO 7.BDX 8.MLM 9.MKC 10.EPAM
2020-03-31	59	$174.4M	43	1BDX 2IHS 3ADSK Top holdings2020-03-31 1.BDX 2.IHS 3.ADSK 4.ROP 5.EW 6.DHR 7.MKC 8.LIN 9.STE 10.TMO
2019-12-31	59	$225.1M	13	1MLM 2ADSK 3BDX Top holdings2019-12-31 1.MLM 2.ADSK 3.BDX 4.IHS 5.EW 6.HEI 7.LIN 8.ROP 9.TMO 10.DHR
2019-09-30	58	$209.9M	11	1MLM 2HEI 3EW Top holdings2019-09-30 1.MLM 2.HEI 3.EW 4.IHS 5.ROP 6.BDX 7.ADSK 8.DHR 9.TMO 10.TECH
2019-06-30	60	$219.0M	11	1HEI 2MLM 3ROP Top holdings2019-06-30 1.HEI 2.MLM 3.ROP 4.ADSK 5.IHS 6.BDX 7.EW 8.TECH 9.DHR 10.TMO
2019-03-31	61	$203.3M	24	1MLM 2BDX 3ADSK Top holdings2019-03-31 1.MLM 2.BDX 3.ADSK 4.ROP 5.EW 6.HEI 7.IHS 8.TECH 9.DHR 10.MIDD
2018-12-31	59	$160.6M	38	1MLM 2BDX 3ADSK Top holdings2018-12-31 1.MLM 2.BDX 3.ADSK 4.IHS 5.ROP 6.EW 7.HEI 8.MKC 9.IFF 10.TMO
2018-09-30	69	$217.8M	17	1BDX 2ADSK 3EW Top holdings2018-09-30 1.BDX 2.ADSK 3.EW 4.HEI 5.IHS 6.TECH 7.ROP 8.EMR 9.PXGBX 10.PTC
2018-06-30	65	$189.7M	13	1BDX 2ADSK 3IHS Top holdings2018-06-30 1.BDX 2.ADSK 3.IHS 4.EW 5.ROP 6.PXGBX 7.EMR 8.MHK 9.HEI 10.TECH
2018-03-31	67	$190.5M	17	1BDX 2ADSK 3ROP Top holdings2018-03-31 1.BDX 2.ADSK 3.ROP 4.IHS 5.EW 6.PXGBX 7.EMR 8.MHK 9.HEI 10.TECH
2017-12-31	69	$194.7M	15	1BDX 2EMR 3PXGBX Top holdings2017-12-31 1.BDX 2.EMR 3.PXGBX 4.MHK 5.IHS 6.ROP 7.IFF 8.ADSK 9.WAB 10.XRAY
2017-09-30	71	$194.5M	10	1BCRUSD 2EMR 3PXGBX Top holdings2017-09-30 1.BCRUSD 2.EMR 3.PXGBX 4.ADSK 5.MHK 6.IHS 7.ROP 8.BDX 9.TFX 10.IFF
2017-06-30	69	$181.0M	11	1BCRUSD 2PXGBX 3IHS Top holdings2017-06-30 1.BCRUSD 2.PXGBX 3.IHS 4.MHK 5.EW 6.BDX 7.ROP 8.ADSK 9.XRAY 10.IFF
2017-03-31	68	$166.4M	15	1BCRUSD 2IHS 3EMR Top holdings2017-03-31 1.BCRUSD 2.IHS 3.EMR 4.MHK 5.BDX 6.PXGBX 7.XRAY 8.IFF 9.ROP 10.ADSK
2016-12-31	66	$153.6M	14	1BCRUSD 2SLB 3PXGBX Top holdings2016-12-31 1.BCRUSD 2.SLB 3.PXGBX 4.EMR 5.MHK 6.BDX 7.XRAY 8.EW 9.IHS 10.IFF
2016-09-30	70	$160.7M	17	1BCRUSD 2PXGBX 3IFF Top holdings2016-09-30 1.BCRUSD 2.PXGBX 3.IFF 4.MHK 5.EW 6.SLB 7.XRAY 8.IHS 9.TECH 10.EMR
2016-06-30	67	$153.4M	18	1BCRUSD 2PXGBX 3XRAY Top holdings2016-06-30 1.BCRUSD 2.PXGBX 3.XRAY 4.SLB 5.MHK 6.IFF 7.EMR 8.TECH 9.EW 10.IHS
2016-03-31	68	$155.1M	34	1PXGBX20093633BCRUSD Top holdings2016-03-31 1.PXGBX 2.009363 3.BCRUSD 4.XRAY 5.MHK 6.EMR 7.IHS 8.IFF 9.EW 10.TECH
2015-12-31	67	$143.9M	20	1009363250540R3XRAY Top holdings2015-12-31 1.009363 2.50540R 3.XRAY 4.MHK 5.BCRUSD 6.IFF 7.EMR 8.IHS 9.EW 10.TMO
2015-09-30	65	$125.8M	25	1BCRUSD 2EMR 3MHK Top holdings2015-09-30 1.BCRUSD 2.EMR 3.MHK 4.50540R 5.009363 6.XRAY 7.IFF 8.IHS 9.EW 10.LII
2015-06-30	76	$152.7M	13	1MHK 2EMR 3KEX Top holdings2015-06-30 1.MHK 2.EMR 3.KEX 4.009363 5.BCRUSD 6.IFF 7.XRAY 8.IHS 9.50540R 10.BDX
2015-03-31	82	$155.3M	28	1APD 2MHK 3IFF Top holdings2015-03-31 1.APD 2.MHK 3.IFF 4.50540R 5.FMC 6.BCRUSD 7.XRAY 8.KEX 9.EW 10.BDX
2014-12-31	85	$145.6M	5	1APD 2SLB 3FMC Top holdings2014-12-31 1.APD 2.SLB 3.FMC 4.IFF 5.DUK 6.BCRUSD 7.XRAY 8.MHK 9.IHS 10.EW
2014-09-30	82	$141.4M	14	1APD 2SLB 3FMC Top holdings2014-09-30 1.APD 2.SLB 3.FMC 4.IFF 5.DUK 6.XRAY 7.BCRUSD 8.MHK 9.IHS 10.EW
2014-06-30	85	$152.4M	16	1APD 2SLB 3IFF Top holdings2014-06-30 1.APD 2.SLB 3.IFF 4.XRAY 5.FMC 6.IHS 7.BCRUSD 8.MHK 9.DUK 10.CLH
2014-03-31	81	$137.8M	47	1APD 2IFF 3SLB Top holdings2014-03-31 1.APD 2.IFF 3.SLB 4.BCRUSD 5.XRAY 6.DUK 7.IHS 8.FMC 9.MHK 10.MKC
2013-12-31	78	$141.9M	20	1APD26738313IFF Top holdings2013-12-31 1.APD 2.673831 3.IFF 4.MHK 5.SLB 6.LII 7.DUK 8.TMO 9.IHS 10.RRX
2013-09-30	71	$123.0M	26	1APD 2IFF 3SLB Top holdings2013-09-30 1.APD 2.IFF 3.SLB 4.673831 5.MHK 6.IHS 7.LII 8.XRAY 9.TMO 10.DVN
2013-06-30	66	$104.0M	0	16738312APD 3RRX Top holdings2013-06-30 1.673831 2.APD 3.RRX 4.IHS 5.IFF 6.SLB 7.LII 8.MKC 9.XRAY 10.TMO

Holding changes this quarter

Stone Run Capital, LLC's most significant position changes for 2025-09-30: Sold out: Ansys INC (AKX); Sold out: Adobe INC (ADBE); New buy: Ralliant CORP (RAL); New buy: Caterpillar INC (CAT); New buy: Bwx Technologies INC (BWXT).

Position changes disclosed by Stone Run Capital, LLC for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GLW	Corning INC	+2.1%	-0.05%	Add
2	APH	Amphenol Corp-cl A	+1.9%	-2.56%	Trim
3	ANET	Arista Networks INC	+1.6%	-0.30%	Trim
4	GOOGL	Alphabet Inc-cl A	+1.3%	+13.03%	Add
5	SNPS	Synopsys INC	+1.2%	+499.84%	Add
6	GEV	GE Vernova INC	+0.7%	-2.87%	Trim
7	WTS	Watts Water Technologies-a	+0.7%	-3.18%	Trim
8	MLM	Martin Marietta Materials	+0.6%	-3.39%	Trim
9	HEI	Heico CORP	+0.5%	-0.04%	Trim
10	TRMB	Trimble INC	+0.5%	-0.42%	Add
11	TER	Teradyne INC	+0.5%	-0.73%	Add
12	LH	Labcorp Holdings INC	+0.4%	-7.48%	Add
13	ENTG	Entegris INC	+0.3%	+20.04%	Add
14	PANW	Palo Alto Networks INC	+0.3%	+23.57%	Add
15	XYL	Xylem INC	+0.3%	-0.65%	Trim
16	NDSN	Nordson CORP	+0.2%	-10.57%	Add
17	ADSK	Autodesk INC	+0.2%	-3.22%	Trim
18	PTC	Ptc INC	+0.1%	+2.78%	Trim
19	WAB	Wabtec CORP	+0.1%	-3.41%	Trim
20	AAPL	Apple INC	+0.1%	—	Unchanged
21	TMO	Thermo Fisher Scientific INC	0%	+13.42%	Add
22	ECL	Ecolab INC	0%	—	Unchanged
23	STE	STERIS plc	0%	+0.53%	Trim
24	EW	Edwards Lifesciences CORP	—	-0.07%	Trim
25	AOS	Smith (a.o.) CORP	-0.2%	-16.17%	Trim
26	EPAM	Epam Systems INC	-0.2%	-5.16%	Trim
27	FTV	Fortive CORP	-0.3%	—	Trim
28	EMR	Emerson Electric Co	-0.3%	-0.34%	Trim
29	LII	Lennox International INC	-0.4%	+1.35%	Add
30	VLTO	Veralto CORP	-0.5%	-25.96%	Trim
31	RVTY	Revvity INC	-0.5%	-0.38%	Trim
32	MKC	Mccormick & Co-non Vtg Shrs	-0.5%	-1.17%	Trim
33	BDX	Becton Dickinson And Co	-0.6%	-13.32%	Trim
34	SPGI	S&p Global INC	-0.6%	-5.52%	Trim
35	PAYX	Paychex INC	-0.6%	+0.23%	Add
36	BRK-B	Berkshire Hathaway Inc-cl B	-0.7%	—	Trim
37	ROP	Roper Technologies INC	-1%	-2.73%	Trim
38	IT	Gartner INC	-1.2%	-0.29%	Trim
39	FISV	Fiserv INC	-1.4%	-7.74%	Trim
40	MIDD	Middleby CORP	-1.9%	-87.10%	Trim
41	AKX	Ansys INC	—	EXIT	Sold out
42	ADBE	Adobe INC	—	EXIT	Sold out
43	RAL	Ralliant CORP	—	NEW	New buy
44	CAT	Caterpillar INC	—	NEW	New buy
45	BWXT	Bwx Technologies INC	—	NEW	New buy
46	CDW	Cdw Corp/de	—	NEW	New buy
47	SRE	Sempra	—	NEW	New buy
48	BIPC	Brookfield Infrastructure-a	—	NEW	New buy
49	GE	General Electric	—	NEW	New buy
50	CEG	Constellation Energy	—	NEW	New buy

FAQ

What is Stone Run Capital, LLC and what type of investor is it?

Stone Run Capital, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $253.9M, spread across 71 disclosed positions.

What are Stone Run Capital, LLC's largest equity positions?

Based on the latest 13F filing, Stone Run Capital, LLC's top holdings by market value are: 1. Amphenol Corp-cl A (APH) — $11.8M (4.7%) 2. Heico CORP (HEI) — $11.4M (4.5%) 3. Berkshire Hathaway Inc-cl B (BRK-B) — $10.3M (4.1%) 4. Autodesk INC (ADSK) — $10.0M (4.0%) 5. Arista Networks INC (ANET) — $9.7M (3.8%)

What changes did Stone Run Capital, LLC make in its most recent portfolio filing?

In the latest reported quarter, Stone Run Capital, LLC made 48 notable position adjustments: 8 new positions were initiated, 12 existing holdings were added to, 26 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Ansys INC (AKX); Sold out: Adobe INC (ADBE); New buy: Ralliant CORP (RAL); New buy: Caterpillar INC (CAT); New buy: Bwx Technologies INC (BWXT)

What sectors does Stone Run Capital, LLC focus on?

Stone Run Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 28.5% • Financials: 22.5% • Materials: 18.9% • Health Care: 16.9% • Industrials: 7.8% • Communication Services: 5.0%

Peer Institutions

Institutions with a similar AUM

Madden Advisory Services, Inc.

CIK 0001542284

Total reported value

$253.9M

108 stks

2026-03-31

Concentration11.0

Portfolio Stability11.8

Sector conviction100.0

AUM within 0.0% of this institution

View detail

Eastover Investment Advisors LLC

CIK 0001472800

Total reported value

$253.9M

49 stks

2026-06-30

Concentration15.5

Portfolio Stability14.4

Sector conviction45.4

AUM within 0.0% of this institution

View detail

Sellwood Investment Partners LLC

CIK 0001763958

Total reported value

$253.8M

59 stks

2026-03-31

Concentration35.1

Portfolio Stability6.0

Sector conviction80.8

AUM within 0.0% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

Hendley & Co INC

CIK 0001084207

Total reported value

$282.6M

47 stks

2026-06-30

Concentration16.1

Portfolio Stability21.8

Sector conviction37.5

2 of the top 5 holdings overlap, including Berkshire Hathaway Inc-cl B

View detail

Sather Financial Group Inc

CIK 0001568540

Total reported value

$1.6B

139 stks

2026-03-31

Concentration21.4

Portfolio Stability17.6

Sector conviction80.6

2 of the top 5 holdings overlap, including Berkshire Hathaway Inc-cl B

View detail

Manitou Investment Management Ltd.

CIK 0001657428

Total reported value

$537.9M

48 stks

2026-06-30

Concentration40.5

Portfolio Stability27.4

Sector conviction59.3

2 of the top 5 holdings overlap, including Berkshire Hathaway Inc-cl B

View detail

Stone Run Capital, LLC — Full 13F Portfolio Breakdown

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$253.9M

Reporting period: 2025-09-30 · Number of holdings: 71

STONE RUN CAPITAL, LLC disclosed 71 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $253.9M and a quarterly turnover rate of 28.8%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 10.49
Portfolio Stability: 28.77
Momentum/Contrarian: 100
Sector conviction: 61.28
Diversification: 100
Sizing Uniformity: 90.65

Recent moves

Add GLW
-0.1%　$5.4M
Add APH
-2.6%　$5.4M
Trim MIDD
-87.1%　-$4.5M
Add ANET
-0.3%　$4.5M
Trim FISV
-7.7%　-$3.1M
Add GOOGL
+13.0%　$3.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	APH	Amphenol Corp-cl A	Stock-Tech	4.65%	+1.94%	-2.56%
2	HEI	Heico CORP	Stock-Industrials	4.51%	+0.51%	-0.04%
3	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	4.07%	-0.67%	—
4	ADSK	Autodesk INC	Stock-Tech	3.95%	+0.23%	-3.22%
5	ANET	Arista Networks INC	Stock-Tech	3.81%	+1.64%	-0.30%
6	MLM	Martin Marietta Materials	Stock-Materials	3.79%	+0.60%	-3.39%
7	WTS	Watts Water Technologies-a	Stock-Industrials	3.52%	+0.67%	-3.18%
8	SPGI	S&p Global INC	Stock-Financials	3.46%	-0.62%	-5.52%
9	LIN	Linde plc	Stock-Materials	3.30%	—	-0.06%
10	LII	Lennox International INC	Stock-Industrials	3.28%	-0.37%	+1.35%
11	ROP	Roper Technologies INC	Stock-Tech	3.15%	-0.95%	-2.73%
12	STE	STERIS plc	Stock-Healthcare	2.76%	+0.02%	+0.53%
13	GLW	Corning INC	Stock-Tech	2.74%	+2.08%	-0.05%
14	SHW	Sherwin-williams Co/the	Stock-Materials	2.52%	—	-0.32%
15	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	2.49%	+0.03%	+13.42%
16	ECL	Ecolab INC	Stock-Materials	2.34%	+0.03%	—
17	EMR	Emerson Electric Co	Stock-Industrials	2.27%	-0.29%	-0.34%
18	WAB	Wabtec CORP	Stock-Industrials	2.24%	+0.05%	-3.41%
19	GEV	GE Vernova INC	Stock-Industrials	2.17%	+0.70%	-2.87%
20	EW	Edwards Lifesciences CORP	Stock-Healthcare	2.16%	—	-0.07%
21	PAYX	Paychex INC	Stock-Tech	2.14%	-0.63%	+0.23%
22	XYL	Xylem INC	Stock-Industrials	2.01%	+0.26%	-0.65%
23	DHR	Danaher CORP	Stock-Healthcare	1.98%	—	+0.10%
24	TRMB	Trimble INC	Stock-Tech	1.91%	+0.48%	-0.42%
25	LH	Labcorp Holdings INC	Stock-Healthcare	1.89%	+0.40%	-7.48%
26	TECH	Bio-techne CORP	Stock-Healthcare	1.71%	—	-0.06%
27	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.66%	+1.31%	+13.03%
28	NDSN	Nordson CORP	Stock-Industrials	1.64%	+0.24%	-10.57%
29	IT	Gartner INC	Stock-Tech	1.62%	-1.15%	-0.29%
30	BDX	Becton Dickinson And Co	Stock-Healthcare	1.56%	-0.58%	-13.32%
31	MKC	Mccormick & Co-non Vtg Shrs	Stock-Consumer Staples	1.56%	-0.51%	-1.17%
32	SNPS	Synopsys INC	Stock-Tech	1.46%	+1.21%	+499.84%
33	FISV	Fiserv INC	Stock-Other	1.45%	-1.43%	-7.74%
34	ENTG	Entegris INC	Stock-Tech	1.45%	+0.31%	+20.04%
35	RVTY	Revvity INC	Stock-Healthcare	1.36%	-0.49%	-0.38%
36	TER	Teradyne INC	Stock-Tech	1.11%	+0.48%	-0.73%
37	PANW	Palo Alto Networks INC	Stock-Tech	1.08%	+0.28%	+23.57%
38	VLTO	Veralto CORP	Stock-Industrials	0.87%	-0.46%	-25.96%
39	PTC	Ptc INC	Stock-Tech	0.74%	+0.12%	+2.78%
40	EPAM	Epam Systems INC	Stock-Tech	0.72%	-0.19%	-5.16%
41	AAPL	Apple INC	Stock-Tech	0.70%	+0.05%	—
42	AXGN	Axogen INC	Stock-Other	0.66%	—	+2.72%
43	AOS	Smith (a.o.) CORP	Stock-Industrials	0.64%	-0.15%	-16.17%
44	BIP	Brookfield Infrastructure Partners L.P.	Stock-Utilities	0.63%	—	+0.02%
45	FTNT	Fortinet INC	Stock-Tech	0.52%	—	-1.26%
46	ISRG	Intuitive Surgical INC	Stock-Healthcare	0.44%	—	—
47	ABBV	Abbvie INC	Stock-Healthcare	0.34%	—	—
48	MMM	3m Co	Stock-Industrials	0.26%	—	—
49	RTX	Rtx CORP	Stock-Industrials	0.24%	—	—
50	ITW	Illinois Tool Works	Stock-Industrials	0.20%	—	—

1–50 of 71

Portfolio Performance

Performance for Q3 2026

+2.6%

Performance Last 4 Quarters

+8.3%

Based on 61% of reported portfolio value with available pricing

Stdev: +15.8%
Beta: +1.02
Alpha: -7.7%
Max Drawdown: -10.6%
Annualized Perf: +10.5%
Batting Avg vs S&P: +33.3%
Sortino: +1.19
Stutzer: +0.21
Treynor: +0.11
Sterling: +0.54
Calmar: +0.99
Information Ratio: -0.87
Tracking Error: +8.4%
Stdev Down: +9.4%
Winning Months %: +69.4%
Losing Months %: +30.6%
Best 12 Months: +30.4%
Worst 12 Months: +1.2%
Efficiency Ratio: +0.26
Sharpe: +0.71
Stdev Sectors: +10%
Skewness: 0
Kurtosis: -0.42
Upside Potential: +2.93

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2025-09-30	71	$253.9M	29	1APH 2HEI 3BRK-B Top holdings2025-09-30 1.APH 2.HEI 3.BRK-B 4.ADSK 5.ANET 6.MLM 7.WTS 8.SPGI 9.LIN 10.LII
2025-06-30	68	$250.1M	0	1HEI 2ADSK 3SPGI Top holdings2025-06-30 1.HEI 2.ADSK 3.SPGI 4.BRK-B 5.APH 6.ROP 7.LII 8.MLM 9.LIN 10.WTS
2025-03-31	66	$237.3M	100	1BRK-B 2ROP 3SPGI Top holdings2025-03-31 1.BRK-B 2.ROP 3.SPGI 4.HEI 5.ADSK 6.LII 7.LIN 8.MLM 9.FISV 10.WTS
2024-12-31	68	$254.5M	0	1SPGI 2LII 3ADSK Top holdings2024-12-31 1.SPGI 2.LII 3.ADSK 4.BRK-B 5.HEI 6.IT 7.ROP 8.MLM 9.ANET 10.STE
2024-09-30	70	$268.6M	0	1HEI 2SPGI 3LII Top holdings2024-09-30 1.HEI 2.SPGI 3.LII 4.BRK-B 5.IT 6.ROP 7.ADSK 8.LIN 9.MLM 10.TMO
2024-06-30	65	$250.4M	0	1HEI 2SPGI 3ROP Top holdings2024-06-30 1.HEI 2.SPGI 3.ROP 4.ADSK 5.LII 6.BRK-B 7.MLM 8.IT 9.LIN 10.TMO
2024-03-31	66	$261.7M	0	1MLM 2BRK-B 3LIN Top holdings2024-03-31 1.MLM 2.BRK-B 3.LIN 4.IT 5.ROP 6.SPGI 7.MIDD 8.ADSK 9.LII 10.HEI
2023-12-31	65	$233.4M	0	1SPGI 2ROP 3MLM Top holdings2023-12-31 1.SPGI 2.ROP 3.MLM 4.BRK-B 5.LIN 6.IT 7.ADSK 8.BDX 9.HEI 10.LII
2023-09-30	57	$204.0M	0	1MLM 2LIN 3SPGI Top holdings2023-09-30 1.MLM 2.LIN 3.SPGI 4.ROP 5.DHR 6.ADSK 7.BRK-B 8.TMO 9.HEI 10.PAYX
2023-06-30	56	$218.7M	0	1MLM 2SPGI 3LIN Top holdings2023-06-30 1.MLM 2.SPGI 3.LIN 4.ROP 5.BDX 6.DHR 7.BRK-B 8.HEI 9.ADSK 10.TMO
2023-03-31	57	$209.2M	0	1LIN 2ROP 3DHR Top holdings2023-03-31 1.LIN 2.ROP 3.DHR 4.TMO 5.SPGI 6.MLM 7.HEI 8.ADSK 9.BRK-B 10.PAYX
2022-12-31	58	$197.9M	0	1DHR 2MLM 3LIN Top holdings2022-12-31 1.DHR 2.MLM 3.LIN 4.TMO 5.ROP 6.SPGI 7.BRK-B 8.ADSK 9.IT 10.PAYX
2022-09-30	59	$185.6M	0	1DHR 2MLM 3TMO Top holdings2022-09-30 1.DHR 2.MLM 3.TMO 4.SPGI 5.HEI 6.ADSK 7.PAYX 8.LIN 9.ROP 10.BRK-B
2022-06-30	60	$198.8M	0	1DHR 2SPGI 3TMO Top holdings2022-06-30 1.DHR 2.SPGI 3.TMO 4.MLM 5.TECH 6.LIN 7.ROP 8.IFF 9.PAYX 10.EW
2022-03-31	64	$270.6M	0	1SPGI 2DHR 3EW Top holdings2022-03-31 1.SPGI 2.DHR 3.EW 4.MLM 5.TMO 6.IFF 7.LIN 8.TECH 9.FISV 10.ADSK
2021-12-31	62	$309.6M	0	1EPAM 2IHS 3DHR Top holdings2021-12-31 1.EPAM 2.IHS 3.DHR 4.MLM 5.TMO 6.EW 7.TECH 8.ADSK 9.IFF 10.RVTY
2021-09-30	64	$291.6M	0	1DHR 2IHS 3EPAM Top holdings2021-09-30 1.DHR 2.IHS 3.EPAM 4.ADSK 5.TECH 6.TMO 7.EW 8.MLM 9.IFF 10.LIN
2021-06-30	64	$283.5M	15	1ADSK 2IHS 3TECH Top holdings2021-06-30 1.ADSK 2.IHS 3.TECH 4.DHR 5.EPAM 6.MLM 7.IFF 8.EW 9.TMO 10.ROP
2021-03-31	64	$261.7M	11	1ADSK 2IFF 3IHS Top holdings2021-03-31 1.ADSK 2.IFF 3.IHS 4.MLM 5.TECH 6.LIN 7.DHR 8.BDX 9.TMO 10.EPAM
2020-12-31	60	$251.6M	15	1ADSK 2IHS 3BDX Top holdings2020-12-31 1.ADSK 2.IHS 3.BDX 4.DHR 5.TMO 6.EPAM 7.ROP 8.TECH 9.EW 10.MLM
2020-09-30	61	$218.8M	13	1ADSK 2DHR 3TMO Top holdings2020-09-30 1.ADSK 2.DHR 3.TMO 4.EPAM 5.IHS 6.ROP 7.EW 8.AKX 9.MKC 10.MLM
2020-06-30	57	$202.1M	23	1ADSK 2IHS 3ROP Top holdings2020-06-30 1.ADSK 2.IHS 3.ROP 4.DHR 5.TECH 6.TMO 7.BDX 8.MLM 9.MKC 10.EPAM
2020-03-31	59	$174.4M	43	1BDX 2IHS 3ADSK Top holdings2020-03-31 1.BDX 2.IHS 3.ADSK 4.ROP 5.EW 6.DHR 7.MKC 8.LIN 9.STE 10.TMO
2019-12-31	59	$225.1M	13	1MLM 2ADSK 3BDX Top holdings2019-12-31 1.MLM 2.ADSK 3.BDX 4.IHS 5.EW 6.HEI 7.LIN 8.ROP 9.TMO 10.DHR
2019-09-30	58	$209.9M	11	1MLM 2HEI 3EW Top holdings2019-09-30 1.MLM 2.HEI 3.EW 4.IHS 5.ROP 6.BDX 7.ADSK 8.DHR 9.TMO 10.TECH
2019-06-30	60	$219.0M	11	1HEI 2MLM 3ROP Top holdings2019-06-30 1.HEI 2.MLM 3.ROP 4.ADSK 5.IHS 6.BDX 7.EW 8.TECH 9.DHR 10.TMO
2019-03-31	61	$203.3M	24	1MLM 2BDX 3ADSK Top holdings2019-03-31 1.MLM 2.BDX 3.ADSK 4.ROP 5.EW 6.HEI 7.IHS 8.TECH 9.DHR 10.MIDD
2018-12-31	59	$160.6M	38	1MLM 2BDX 3ADSK Top holdings2018-12-31 1.MLM 2.BDX 3.ADSK 4.IHS 5.ROP 6.EW 7.HEI 8.MKC 9.IFF 10.TMO
2018-09-30	69	$217.8M	17	1BDX 2ADSK 3EW Top holdings2018-09-30 1.BDX 2.ADSK 3.EW 4.HEI 5.IHS 6.TECH 7.ROP 8.EMR 9.PXGBX 10.PTC
2018-06-30	65	$189.7M	13	1BDX 2ADSK 3IHS Top holdings2018-06-30 1.BDX 2.ADSK 3.IHS 4.EW 5.ROP 6.PXGBX 7.EMR 8.MHK 9.HEI 10.TECH
2018-03-31	67	$190.5M	17	1BDX 2ADSK 3ROP Top holdings2018-03-31 1.BDX 2.ADSK 3.ROP 4.IHS 5.EW 6.PXGBX 7.EMR 8.MHK 9.HEI 10.TECH
2017-12-31	69	$194.7M	15	1BDX 2EMR 3PXGBX Top holdings2017-12-31 1.BDX 2.EMR 3.PXGBX 4.MHK 5.IHS 6.ROP 7.IFF 8.ADSK 9.WAB 10.XRAY
2017-09-30	71	$194.5M	10	1BCRUSD 2EMR 3PXGBX Top holdings2017-09-30 1.BCRUSD 2.EMR 3.PXGBX 4.ADSK 5.MHK 6.IHS 7.ROP 8.BDX 9.TFX 10.IFF
2017-06-30	69	$181.0M	11	1BCRUSD 2PXGBX 3IHS Top holdings2017-06-30 1.BCRUSD 2.PXGBX 3.IHS 4.MHK 5.EW 6.BDX 7.ROP 8.ADSK 9.XRAY 10.IFF
2017-03-31	68	$166.4M	15	1BCRUSD 2IHS 3EMR Top holdings2017-03-31 1.BCRUSD 2.IHS 3.EMR 4.MHK 5.BDX 6.PXGBX 7.XRAY 8.IFF 9.ROP 10.ADSK
2016-12-31	66	$153.6M	14	1BCRUSD 2SLB 3PXGBX Top holdings2016-12-31 1.BCRUSD 2.SLB 3.PXGBX 4.EMR 5.MHK 6.BDX 7.XRAY 8.EW 9.IHS 10.IFF
2016-09-30	70	$160.7M	17	1BCRUSD 2PXGBX 3IFF Top holdings2016-09-30 1.BCRUSD 2.PXGBX 3.IFF 4.MHK 5.EW 6.SLB 7.XRAY 8.IHS 9.TECH 10.EMR
2016-06-30	67	$153.4M	18	1BCRUSD 2PXGBX 3XRAY Top holdings2016-06-30 1.BCRUSD 2.PXGBX 3.XRAY 4.SLB 5.MHK 6.IFF 7.EMR 8.TECH 9.EW 10.IHS
2016-03-31	68	$155.1M	34	1PXGBX20093633BCRUSD Top holdings2016-03-31 1.PXGBX 2.009363 3.BCRUSD 4.XRAY 5.MHK 6.EMR 7.IHS 8.IFF 9.EW 10.TECH
2015-12-31	67	$143.9M	20	1009363250540R3XRAY Top holdings2015-12-31 1.009363 2.50540R 3.XRAY 4.MHK 5.BCRUSD 6.IFF 7.EMR 8.IHS 9.EW 10.TMO
2015-09-30	65	$125.8M	25	1BCRUSD 2EMR 3MHK Top holdings2015-09-30 1.BCRUSD 2.EMR 3.MHK 4.50540R 5.009363 6.XRAY 7.IFF 8.IHS 9.EW 10.LII
2015-06-30	76	$152.7M	13	1MHK 2EMR 3KEX Top holdings2015-06-30 1.MHK 2.EMR 3.KEX 4.009363 5.BCRUSD 6.IFF 7.XRAY 8.IHS 9.50540R 10.BDX
2015-03-31	82	$155.3M	28	1APD 2MHK 3IFF Top holdings2015-03-31 1.APD 2.MHK 3.IFF 4.50540R 5.FMC 6.BCRUSD 7.XRAY 8.KEX 9.EW 10.BDX
2014-12-31	85	$145.6M	5	1APD 2SLB 3FMC Top holdings2014-12-31 1.APD 2.SLB 3.FMC 4.IFF 5.DUK 6.BCRUSD 7.XRAY 8.MHK 9.IHS 10.EW
2014-09-30	82	$141.4M	14	1APD 2SLB 3FMC Top holdings2014-09-30 1.APD 2.SLB 3.FMC 4.IFF 5.DUK 6.XRAY 7.BCRUSD 8.MHK 9.IHS 10.EW
2014-06-30	85	$152.4M	16	1APD 2SLB 3IFF Top holdings2014-06-30 1.APD 2.SLB 3.IFF 4.XRAY 5.FMC 6.IHS 7.BCRUSD 8.MHK 9.DUK 10.CLH
2014-03-31	81	$137.8M	47	1APD 2IFF 3SLB Top holdings2014-03-31 1.APD 2.IFF 3.SLB 4.BCRUSD 5.XRAY 6.DUK 7.IHS 8.FMC 9.MHK 10.MKC
2013-12-31	78	$141.9M	20	1APD26738313IFF Top holdings2013-12-31 1.APD 2.673831 3.IFF 4.MHK 5.SLB 6.LII 7.DUK 8.TMO 9.IHS 10.RRX
2013-09-30	71	$123.0M	26	1APD 2IFF 3SLB Top holdings2013-09-30 1.APD 2.IFF 3.SLB 4.673831 5.MHK 6.IHS 7.LII 8.XRAY 9.TMO 10.DVN
2013-06-30	66	$104.0M	0	16738312APD 3RRX Top holdings2013-06-30 1.673831 2.APD 3.RRX 4.IHS 5.IFF 6.SLB 7.LII 8.MKC 9.XRAY 10.TMO

Holding changes this quarter

Position changes disclosed by Stone Run Capital, LLC for the quarter ending 2025-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GLW	Corning INC	+2.1%	-0.05%	Add
2	APH	Amphenol Corp-cl A	+1.9%	-2.56%	Trim
3	ANET	Arista Networks INC	+1.6%	-0.30%	Trim
4	GOOGL	Alphabet Inc-cl A	+1.3%	+13.03%	Add
5	SNPS	Synopsys INC	+1.2%	+499.84%	Add
6	GEV	GE Vernova INC	+0.7%	-2.87%	Trim
7	WTS	Watts Water Technologies-a	+0.7%	-3.18%	Trim
8	MLM	Martin Marietta Materials	+0.6%	-3.39%	Trim
9	HEI	Heico CORP	+0.5%	-0.04%	Trim
10	TRMB	Trimble INC	+0.5%	-0.42%	Add
11	TER	Teradyne INC	+0.5%	-0.73%	Add
12	LH	Labcorp Holdings INC	+0.4%	-7.48%	Add
13	ENTG	Entegris INC	+0.3%	+20.04%	Add
14	PANW	Palo Alto Networks INC	+0.3%	+23.57%	Add
15	XYL	Xylem INC	+0.3%	-0.65%	Trim
16	NDSN	Nordson CORP	+0.2%	-10.57%	Add
17	ADSK	Autodesk INC	+0.2%	-3.22%	Trim
18	PTC	Ptc INC	+0.1%	+2.78%	Trim
19	WAB	Wabtec CORP	+0.1%	-3.41%	Trim
20	AAPL	Apple INC	+0.1%	—	Unchanged
21	TMO	Thermo Fisher Scientific INC	0%	+13.42%	Add
22	ECL	Ecolab INC	0%	—	Unchanged
23	STE	STERIS plc	0%	+0.53%	Trim
24	EW	Edwards Lifesciences CORP	—	-0.07%	Trim
25	AOS	Smith (a.o.) CORP	-0.2%	-16.17%	Trim
26	EPAM	Epam Systems INC	-0.2%	-5.16%	Trim
27	FTV	Fortive CORP	-0.3%	—	Trim
28	EMR	Emerson Electric Co	-0.3%	-0.34%	Trim
29	LII	Lennox International INC	-0.4%	+1.35%	Add
30	VLTO	Veralto CORP	-0.5%	-25.96%	Trim
31	RVTY	Revvity INC	-0.5%	-0.38%	Trim
32	MKC	Mccormick & Co-non Vtg Shrs	-0.5%	-1.17%	Trim
33	BDX	Becton Dickinson And Co	-0.6%	-13.32%	Trim
34	SPGI	S&p Global INC	-0.6%	-5.52%	Trim
35	PAYX	Paychex INC	-0.6%	+0.23%	Add
36	BRK-B	Berkshire Hathaway Inc-cl B	-0.7%	—	Trim
37	ROP	Roper Technologies INC	-1%	-2.73%	Trim
38	IT	Gartner INC	-1.2%	-0.29%	Trim
39	FISV	Fiserv INC	-1.4%	-7.74%	Trim
40	MIDD	Middleby CORP	-1.9%	-87.10%	Trim
41	AKX	Ansys INC	—	EXIT	Sold out
42	ADBE	Adobe INC	—	EXIT	Sold out
43	RAL	Ralliant CORP	—	NEW	New buy
44	CAT	Caterpillar INC	—	NEW	New buy
45	BWXT	Bwx Technologies INC	—	NEW	New buy
46	CDW	Cdw Corp/de	—	NEW	New buy
47	SRE	Sempra	—	NEW	New buy
48	BIPC	Brookfield Infrastructure-a	—	NEW	New buy
49	GE	General Electric	—	NEW	New buy
50	CEG	Constellation Energy	—	NEW	New buy