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DAVENPORT & Co LLC

ONE JAMES CENTER 901 E CARY STREET STE 1100, RICHMOND, VA 23219 • 8047802000

Q4 2025 · Filed 2026-01-12
Market Value
$18.2B
-0.7%
Holdings
1,251
+31
New Purchases
76
Added To
535
Closed
49
Reduced
518
Top 10 Concentration
20.0%
Turnover
10.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MRVL 0.62% 0.19% +0.44% $113M
MMC 0.52% 0.11% +0.42% $95M
CTAS 0.42% 0.03% +0.39% $77M
MKL 2.48% 2.14% +0.35% $452M
ACN 1.12% 0.80% +0.32% $204M
CARR 0.29% 0.03% +0.25% $52M
0I3I.L 0.26% 0.01% +0.24% $47M
UNP 0.62% 0.40% +0.22% $114M
EMN 0.22% 0.00% +0.22% $40M
VOO 1.15% 0.95% +0.20% $209M
AMZN 2.60% 2.46% +0.14% $473M
JNJ 1.26% 1.13% +0.13% $229M
ISRG 0.50% 0.39% +0.11% $91M
DHR 0.84% 0.73% +0.11% $153M
COLD 0.31% 0.21% +0.10% $57M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ARE 0.01% 0.51% -0.49% $3M
META 1.23% 1.63% -0.40% $225M
ORCL 0.14% 0.52% -0.38% $26M
HPQ 0.01% 0.34% -0.33% $2M
KMX 0.03% 0.28% -0.25% $5M
ETSY 0.04% 0.29% -0.24% $8M
ADBE 0.45% 0.67% -0.22% $83M
WYNN 0.22% 0.42% -0.20% $40M
BN 2.99% 3.19% -0.20% $544M
NVO 0.62% 0.80% -0.18% $113M
UNH 1.22% 1.39% -0.17% $222M
GDEN 0.05% 0.19% -0.14% $9M
UBER 0.64% 0.77% -0.13% $116M
LYV 0.70% 0.83% -0.13% $128M
ODFL 0.10% 0.22% -0.11% $19M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 31.3%
Technology 15.0%
Industrials 12.6%
Healthcare 9.8%
Consumer Cyclical 8.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 78 $5.8B 32.0%
Large Cap 675 $10.6B 58.1%
Mid Cap 283 $1.4B 7.8%
Small Cap 166 $299M 1.6%
Micro Cap 49 $65M 0.4%

Portfolio Analytics

Avg Market Cap
$78.7B
Median Market Cap
$15.3B
Avg P/E
30.9
Median P/E
22.0
Avg Dividend Yield
0.05%
Avg Beta
0.93
# Stocks
776
# ETFs / Funds
475

Top Holdings (1,251 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BN 2.99% 11,816,546 $544M $46.06 -$40M +3,327,589 +39.2%
2 AMZN 2.60% 2,046,367 $473M $231.08 $22M -4,372 -0.2%
3 MSFT 2.55% 959,701 $465M $484.16 -$14M +34,944 +3.8%
4 MKL 2.48% 209,999 $452M $2,154.13 $61M +4,972 +2.4%
5 NVDA 2.06% 2,008,605 $375M $186.68 -$1M -16,134 -0.8%
6 AAPL 1.99% 1,332,623 $362M $271.99 $12M -42,249 -3.1%
7 BRK-B 1.48% 536,735 $270M $502.82 -$476K -1,767 -0.3%
8 GOOGL 1.37% 794,223 $249M $313.11 $14M -170,329 -17.7%
9 JNJ 1.26% 1,104,857 $229M $206.92 $21M -17,413 -1.6%
10 META 1.23% 339,869 $225M $661.21 -$75M -66,991 -16.5%
11 UNH 1.22% 672,416 $222M $330.68 -$33M -67,109 -9.1%
12 MLM 1.20% 348,428 $218M $625.63 -$5M -7,808 -2.2%
13 VOO 1.15% 332,599 $209M $627.13 $35M +48,572 +17.1%
14 KNSL 1.14% 530,043 $208M $393.26 -$10M +10,137 +1.9%
15 ACN 1.12% 758,440 $204M $268.68 $57M +164,693 +27.7%
16 ANTM 1.11% 575,783 $202M $350.05 -$1M -54,420 -8.6%
17 AVGO 1.06% 557,279 $193M $346.83 -$14M -71,824 -11.4%
18 JPM 1.03% 579,219 $187M $322.41 $4M +8
19 AMT 1.02% 1,052,121 $185M $175.95 $17M +180,466 +20.7%
20 MA 0.96% 304,501 $174M $572.33 $2M +1,950 +0.6%
21 CVX 0.95% 1,130,069 $172M $152.38 -$5M -9,837 -0.9%
22 V 0.93% 482,268 $169M $351.21 $2M -7,978 -1.6%
23 VIG 0.92% 760,858 $167M $219.78 $16M +60,774 +8.7%
24 LHX 0.89% 552,976 $163M $294.05 -$6M -2,589 -0.5%
25 ROK 0.88% 411,266 $160M $390.23 $15M -7,562 -1.8%
26 SHW 0.88% 491,114 $159M $324.72 -$16M -15,984 -3.1%
27 WSO 0.87% 470,177 $159M $338.79 $16M +113,333 +31.8%
28 NEE 0.87% 1,975,965 $159M $80.35 $9M +3,068 +0.2%
29 DHR 0.84% 666,096 $153M $229.32 $19M -7,307 -1.1%
30 ADI 0.80% 537,455 $146M $272.02 $10M -15,965 -2.9%
31 LAMR 0.76% 1,099,588 $139M $126.65 -$10M -122,997 -10.1%
32 TJX 0.76% 896,739 $138M $154.00 $10M +9,116 +1.0%
33 TEL 0.75% 596,801 $136M $228.29 $5M -721 -0.1%
34 BUD 0.73% 2,080,580 $134M $64.20 $9M -237 -0.0%
35 NSC 0.72% 451,941 $131M $289.03 -$3M +6,018 +1.4%
36 LYV 0.70% 893,111 $128M $143.12 -$24M -34,297 -3.7%
37 LOW 0.70% 526,611 $127M $241.49 -$5M -276 -0.1%
38 C 0.70% 1,086,873 $127M $116.81 $16M +316 +0.0%
39 MCD 0.67% 395,928 $121M $306.10 $870K -282 -0.1%
40 XOM 0.66% 1,005,463 $121M $120.44 $9M +14,224 +1.4%
41 DKNG 0.66% 3,456,735 $120M $34.60 $3M +348,333 +11.2%
42 BDX 0.66% 614,002 $119M $194.55 -$622K -30,699 -4.8%
43 ABT 0.65% 941,488 $118M $125.39 -$9M -8,293 -0.9%
44 ICE 0.65% 724,618 $118M $162.22 -$5M -1,796 -0.2%
45 UBER 0.64% 1,423,923 $116M $81.80 -$25M -18,775 -1.3%
46 CMCSA 0.63% 4,103,716 $115M $28.00 -$21M -231,790 -5.3%
47 UNP 0.62% 490,409 $114M $231.75 $40M +177,300 +56.6%
48 MRVL 0.62% 1,328,747 $113M $85.34 $79M +920,876 +225.8%
49 NVO 0.62% 2,206,819 $113M $50.99 -$34M -435,679 -16.5%
50 COST 0.60% 126,862 $109M $862.95 -$9M -1,423 -1.1%
51 ESAB 0.60% 965,762 $109M $112.76 -$4M -45,774 -4.5%
52 WFC 0.58% 1,137,691 $106M $93.48 $13M +27,315 +2.5%
53 PM 0.57% 650,905 $105M $160.64 $996K +12,878 +2.0%
54 MDT 0.56% 1,061,442 $102M $96.22 $872K -5,741 -0.5%
55 SPOT 0.56% 175,835 $102M $579.74 -$21M -551 -0.3%
56 CZR 0.56% 4,339,172 $102M $23.46 -$15M +18,414 +0.4%
57 CLH 0.55% 423,069 $100M $236.15 -$4M -21,615 -4.9%
58 PANW 0.54% 536,904 $99M $184.74 -$11M -3,254 -0.6%
59 SNY 0.54% 2,042,341 $99M $48.53 $2M -37,653 -1.8%
60 PWR 0.54% 231,830 $98M $423.79 $1M -3,208 -1.4%
61 VRTX 0.53% 211,577 $96M $453.44 $11M -5,707 -2.6%
62 MMC 0.52% 512,998 $95M $185.95 $75M +414,161 +419.0%
63 AON 0.52% 269,360 $95M $353.83 -$2M -2,532 -0.9%
64 EOG 0.52% 905,408 $95M $105.20 $4M +97,135 +12.0%
65 JCI 0.52% 781,380 $94M $120.06 $8M -578 -0.1%
66 ENB 0.51% 1,952,352 $94M $47.95 -$4M +4,111 +0.2%
67 BSV 0.50% 1,159,605 $91M $78.81 $4M +55,628 +5.0%
68 XYL 0.50% 667,796 $91M $136.69 -$10M -25,987 -3.8%
69 ISRG 0.50% 160,324 $91M $567.92 $20M +320 +0.2%
70 ORLY 0.50% 994,342 $91M $91.31 -$19M -24,510 -2.4%
71 MCRI 0.50% 938,700 $90M $96.20 -$16M -67,985 -6.8%
72 GOOG 0.50% 287,341 $90M $313.81 $17M -11,192 -3.8%
73 NOW 0.49% 583,433 $90M $153.44 -$17M +468,581 +408.0%
74 SLB 0.48% 2,294,446 $88M $38.43 $4M -139,760 -5.7%
75 HD 0.48% 252,150 $87M $344.41 -$18M -7,341 -2.8%
76 TT 0.46% 217,089 $85M $389.75 -$6M +634 +0.3%
77 UPS 0.46% 838,969 $83M $99.32 $8M -55,344 -6.2%
78 ADBE 0.45% 236,316 $83M $350.61 -$41M -112,187 -32.2%
79 RSG 0.43% 371,800 $79M $212.55 -$7M -3,593 -1.0%
80 PEP 0.43% 547,895 $79M $143.66 -$3M -37,151 -6.3%
81 CTAS 0.42% 409,096 $77M $188.66 $71M +380,079 +1309.8%
82 FDX 0.41% 258,142 $75M $289.43 $14M +771 +0.3%
83 FNF 0.41% 1,350,902 $74M $54.74 -$8M -3,244 -0.2%
84 FLOT 0.41% 1,453,519 $74M $50.86 $3M +73,015 +5.3%
85 IEFA 0.39% 783,836 $70M $89.46 $8M +76,751 +10.8%
86 VUG 0.36% 135,982 $66M $487.86 $3M +3,911 +3.0%
87 VCSH 0.36% 818,555 $65M $79.73 $484K +8,107 +1.0%
88 OKTA 0.36% 747,966 $65M $86.90 -$13M -93,710 -11.1%
89 ENOV 0.36% 2,439,308 $65M $26.64 -$20M -367,689 -13.1%
90 USFR 0.35% 1,256,018 $63M $50.32 $157K +1,869 +0.1%
91 ALGN 0.32% 373,511 $59M $157.33 -$11M -178,117 -32.3%
92 COLD 0.31% 4,456,206 $57M $12.86 $18M +1,271,562 +39.9%
93 VTV 0.31% 294,306 $56M $190.99 $5M +18,253 +6.6%
94 VO 0.31% 193,644 $56M $290.22 $6M +21,736 +12.6%
95 GPC 0.30% 446,532 $55M $123.28 -$10M -25,783 -5.5%
96 GNRC 0.29% 387,082 $53M $137.41 -$8M +16,229 +4.4%
97 IBM 0.29% 178,309 $53M $296.21 $1M -4,680 -2.6%
98 CARR 0.29% 985,720 $52M $53.11 $46M +882,098 +851.3%
99 CASY 0.29% 93,618 $52M $556.71 -$2M -3,129 -3.2%
100 IWY 0.28% 184,766 $51M $276.94 $4M +12,499 +7.3%

Options Breakdown

26 Calls $149M Call Value 3 Puts $162M Put Value 1.09 P/C Ratio

Top Calls

SymbolSharesValueStatus
XOM 919,800 $111M NEW
BUD 125,100 $8M
CSCO 42,800 $3M
IBM 10,300 $3M
NSC 10,300 $3M NEW
JNJ 13,600 $3M
CVX 17,700 $3M
KO 38,200 $3M
AMGN 7,600 $2M
VZ 60,400 $2M

Top Puts

SymbolSharesValueStatus
QQQ 229,700 $141M NEW
BN 459,400 $21M NEW
SPY $0 SOLD

New Positions

SymbolValue% Port
EMN $40M 0.22%
RRC $11M 0.06%
TOTB.DE $10M 0.05%
AKRE $5M 0.03%
ASTS $4M 0.02%
NTRA $3M 0.02%
DYNB $2M 0.01%
DFAU $2M 0.01%
FG $2M 0.01%
XBI $1M 0.01%
TAGG $1M 0.01%
EWY $1M 0.01%
RYN $876K —%
CGIC $838K —%
SCHY $829K —%

Sold Out Positions

SymbolValue% Port
PDI —%
OC —%
CUBE —%
FNV —%
HAL —%
KIO —%
AESI —%
TGLS —%
PRGO —%
EXP —%
BHP —%
UL —%
ZTO —%
NPO —%
SMR —%
View SEC EDGAR Filings for DAVENPORT & Co LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms