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Asset Manager ← All Institutions

PARTHENON LLC

435 NORTH WHITTINGTON PARKWAY SUITE 180, LOUISVILLE, KY 40222 • 5023275660

Q2 2025 · Filed 2025-07-29
Market Value
$867M
+7.0%
Holdings
127
+4
New Purchases
6
Added To
27
Closed
2
Reduced
41
Top 10 Concentration
49.4%
Turnover
6.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 13.92% 11.44% +2.48% $121M
ICLR 1.04% 0.00% +1.04% $9M
META 6.10% 5.13% +0.97% $53M
BKNG 2.37% 2.03% +0.34% $21M
AXP 2.56% 2.31% +0.25% $22M
GOOGL 3.39% 3.18% +0.21% $29M
DIS 1.07% 0.91% +0.17% $9M
GOOG 2.83% 2.68% +0.15% $25M
JPM 1.43% 1.30% +0.14% $12M
NVDA 0.44% 0.32% +0.12% $4M
SCHW 1.48% 1.37% +0.12% $13M
GE 0.68% 0.56% +0.11% $6M
WMT 2.60% 2.51% +0.09% $23M
GLW 1.48% 1.39% +0.09% $13M
GEV 0.24% 0.15% +0.09% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-B 7.97% 9.38% -1.41% $69M
PAYX 4.19% 4.86% -0.66% $36M
AAPL 3.13% 3.61% -0.48% $27M
XOM 2.31% 2.78% -0.47% $20M
PG 2.64% 3.06% -0.42% $23M
JNJ 2.20% 2.56% -0.37% $19M
PEP 1.55% 1.86% -0.31% $13M
MRK 1.43% 1.73% -0.30% $12M
WAT 1.28% 1.48% -0.21% $11M
LSTR 1.08% 1.26% -0.17% $9M
CHDN 0.85% 1.00% -0.15% $7M
SJM 0.48% 0.62% -0.14% $4M
CVS 1.06% 1.19% -0.13% $9M
MDT 0.88% 1.00% -0.12% $8M
KVUE 0.21% 0.33% -0.12% $2M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 21.3%
Financial Services 19.6%
Communication Services 14.4%
Healthcare 12.2%
Consumer Defensive 11.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 41 $557M 64.2%
Large Cap 73 $263M 30.3%
Mid Cap 6 $36M 4.2%
Small Cap 1 $4M 0.4%
Micro Cap 6 $7M 0.8%

Portfolio Analytics

Avg Market Cap
$406.5B
Median Market Cap
$91.4B
Avg P/E
29.1
Median P/E
25.2
Avg Dividend Yield
0.02%
Avg Beta
0.85
# Stocks
107
# ETFs / Funds
20

Top Holdings (127 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 13.92% 242,574 $121M $497.41 $28M -4,258 -1.7%
2 BRK-B 7.97% 142,286 $69M $485.77 -$7M -365 -0.3%
3 META 6.10% 71,609 $53M $738.09 $11M -415 -0.6%
4 PAYX 4.19% 249,905 $36M $145.46 -$3M -5,015 -2.0%
5 GOOGL 3.39% 166,822 $29M $176.23 $4M +160 +0.1%
6 AAPL 3.13% 132,075 $27M $205.17 -$2M +625 +0.5%
7 GOOG 2.83% 138,221 $25M $177.39 $3M -640 -0.5%
8 PG 2.64% 143,603 $23M $159.32 -$2M -1,795 -1.2%
9 FAST 2.63% 542,000 $23M $42.00 $2M +270,485 +99.6%
10 WMT 2.60% 230,712 $23M $97.78 $2M -680 -0.3%
11 AXP 2.56% 69,585 $22M $318.98 $3M +65 +0.1%
12 BKNG 2.37% 3,554 $21M $5,789.24 $4M -20 -0.6%
13 XOM 2.31% 185,946 $20M $107.80 -$2M -3,555 -1.9%
14 DOV 2.27% 107,337 $20M $183.23 $884K +417 +0.4%
15 JNJ 2.20% 124,549 $19M $152.75 -$2M -461 -0.4%
16 SYK 1.75% 38,405 $15M $395.63 $894K -10 -0.0%
17 CSCO 1.60% 200,506 $14M $69.38 $1M -3,535 -1.7%
18 PEP 1.55% 101,570 $13M $132.04 -$2M +1,185 +1.2%
19 SCHW 1.48% 140,805 $13M $91.24 $2M -500 -0.3%
20 GLW 1.48% 243,575 $13M $52.59 $2M -1,500 -0.6%
21 JPM 1.43% 42,898 $12M $289.91 $2M +85 +0.2%
22 MRK 1.43% 156,264 $12M $79.16 -$2M +300 +0.2%
23 MDLZ 1.29% 166,208 $11M $67.44 -$186K -1,735 -1.0%
24 WAT 1.28% 31,731 $11M $349.04 -$935K -855 -2.6%
25 LSTR 1.08% 67,392 $9M $139.02 -$795K -280 -0.4%
26 DIS 1.07% 75,026 $9M $124.01 $2M +730 +1.0%
27 CVS 1.06% 133,234 $9M $68.98 -$420K -8,614 -6.1%
28 ICLR 1.04% 61,970 $9M $145.45 +61,970 NEW
29 HD 0.98% 23,248 $9M $366.64 -$108K -303 -1.3%
30 VOO 0.94% 14,335 $8M $568.03 $916K +272 +1.9%
31 MDT 0.88% 87,237 $8M $87.17 -$477K -2,701 -3.0%
32 CHDN 0.85% 73,086 $7M $101.00 -$736K
33 YETI 0.81% 223,345 $7M $31.52 -$283K +2,100 +0.9%
34 PNC 0.72% 33,424 $6M $186.42 $356K
35 GE 0.68% 22,817 $6M $257.39 $1M
36 VWO 0.66% 115,193 $6M $49.46 $539K +1,225 +1.1%
37 IJR 0.66% 52,007 $6M $109.29 $318K +690 +1.3%
38 PM 0.61% 29,141 $5M $182.13 $682K
39 BRK-A 0.59% 7 $5M $728,800.00 -$487K
40 VEA 0.54% 82,161 $5M $57.01 $543K +700 +0.9%
41 KO 0.51% 62,334 $4M $70.75 -$258K -2,839 -4.4%
42 MCD 0.49% 14,465 $4M $292.17 -$292K
43 SJM 0.48% 42,397 $4M $98.20 -$888K -265 -0.6%
44 HSY 0.47% 24,515 $4M $165.95 -$150K -150 -0.6%
45 ABT 0.46% 29,563 $4M $136.01 $99K
46 LLY 0.46% 5,092 $4M $779.53 -$195K +50 +1.0%
47 ABBV 0.45% 21,098 $4M $185.62 -$609K -500 -2.3%
48 NVDA 0.44% 24,148 $4M $157.99 $1M +198 +0.8%
49 TPB 0.43% 48,770 $4M $75.77 $796K
50 MO 0.33% 49,327 $3M $58.63 -$69K
51 BF-B 0.32% 104,035 $3M $26.91 -$731K
52 VPL 0.31% 32,993 $3M $82.18 $306K -200 -0.6%
53 CL 0.29% 27,486 $2M $90.90 -$77K
54 IBM 0.29% 8,419 $2M $294.78 $159K -923 -9.9%
55 PFE 0.26% 94,024 $2M $24.24 -$156K -2,065 -2.1%
56 SMG 0.25% 32,405 $2M $65.96 $29K -6,015 -15.7%
57 GEV 0.24% 3,858 $2M $529.15 $857K -21 -0.5%
58 NKE 0.22% 27,084 $2M $71.04 $255K +785 +3.0%
59 KVUE 0.21% 88,380 $2M $20.93 -$855K -24,400 -21.6%
60 THRY 0.21% 150,673 $2M $12.16 $222K +25,000 +19.9%
61 IVV 0.21% 2,937 $2M $620.90 $173K
62 VGK 0.20% 22,400 $2M $77.50 $163K
63 CVX 0.19% 11,719 $2M $143.19 -$282K
64 VTI 0.19% 5,341 $2M $303.93 $197K +151 +2.9%
65 ORCL 0.18% 7,123 $2M $218.63 $576K +105 +1.5%
66 CLAR 0.18% 438,137 $2M $3.47 $283K +108,097 +32.8%
67 ZTS 0.17% 9,485 $1M $155.95 -$70K +75 +0.8%
68 ADP 0.17% 4,700 $1M $308.40 $13K
69 USB 0.17% 31,966 $1M $45.25 $2K -2,250 -6.6%
70 BSX 0.16% 13,133 $1M $107.41 $86K
71 TFX 0.16% 11,908 $1M $118.36 -$236K
72 SPY 0.16% 2,226 $1M $617.85 $108K -40 -1.8%
73 INTU 0.15% 1,675 $1M $787.63 $291K
74 RELL 0.15% 134,316 $1M $9.65 -$203K
75 COST 0.14% 1,253 $1M $989.94 $79K +25 +2.0%
76 VEU 0.14% 18,403 $1M $67.22 $84K -600 -3.2%
77 MMM 0.14% 8,037 $1M $152.24 $43K -1 -0.0%
78 RSSS 0.13% 392,284 $1M $2.87 $106K
79 IWM 0.12% 4,747 $1M $215.79 $57K -100 -2.1%
80 IWR 0.10% 9,743 $896K $91.97 $18K -580 -5.6%
81 YUM 0.10% 5,604 $830K $148.18 -$51K
82 JCTCF 0.09% 217,053 $810K $3.73 -$187K
83 MSI 0.08% 1,678 $706K $420.46 -$233K -465 -21.7%
84 MA 0.08% 1,243 $698K $561.94 $17K
85 IWB 0.08% 1,980 $672K $339.57 $65K
86 LOW 0.08% 2,971 $659K $221.87 -$34K
87 V 0.07% 1,663 $590K $355.05 $24K +46 +2.8%
88 WM 0.07% 2,538 $581K $228.82 $2K +38 +1.5%
89 USMV 0.07% 6,174 $580K $93.87 $1K
90 IVW 0.07% 5,136 $565K $110.10 $89K
91 T 0.06% 18,098 $524K $28.94 $12K
92 WBA 0.06% 44,648 $513K $11.48 -$87K -9,000 -16.8%
93 ETN 0.06% 1,425 $509K $356.99 $121K
94 AMZN 0.05% 2,170 $476K $219.39 $82K +100 +4.8%
95 BF-A 0.05% 17,200 $472K $27.47 -$103K
96 COHR 0.05% 5,100 $455K $89.21 $124K
97 CINF 0.05% 3,000 $447K $148.92 $4K
98 JBL 0.05% 2,000 $436K $218.10 $164K
99 XLK 0.05% 1,650 $418K $253.23 $67K -50 -2.9%
100 UG 0.05% 51,909 $415K $8.00 -$51K

New Positions

SymbolValue% Port
ICLR $9M 1.04%
AMAT $220K 0.03%
AVGO $218K 0.03%
EFA $216K 0.02%
EMR $215K 0.02%
IWP $204K 0.02%

Sold Out Positions

SymbolValue% Port
DD —%
UNH —%
View SEC EDGAR Filings for PARTHENON LLC →

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