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Asset Manager ← All Institutions

PARTHENON LLC

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

Q3 2025 · Filed 2025-10-31
Market Value
$895M
+3.3%
Holdings
129
+2
New Purchases
4
Added To
19
Closed
1
Reduced
52
Top 10 Concentration
50.1%
Turnover
3.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 4.36% 3.39% +0.97% $39M
GLW 2.13% 1.48% +0.65% $19M
GOOG 3.46% 2.83% +0.64% $31M
AAPL 3.74% 3.13% +0.61% $33M
ICLR 1.56% 1.04% +0.52% $14M
JNJ 2.56% 2.20% +0.36% $23M
FAST 2.97% 2.63% +0.35% $27M
CLAR 0.28% 0.18% +0.11% $3M
VOO 1.04% 0.94% +0.10% $9M
JPM 1.53% 1.43% +0.09% $14M
IJR 0.74% 0.66% +0.09% $7M
GE 0.76% 0.68% +0.08% $7M
HD 1.05% 0.98% +0.06% $9M
VWO 0.72% 0.66% +0.06% $6M
PEP 1.59% 1.55% +0.05% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PAYX 3.49% 4.19% -0.70% $31M
MSFT 13.45% 13.92% -0.47% $120M
META 5.70% 6.10% -0.40% $51M
DOV 1.98% 2.27% -0.29% $18M
PG 2.36% 2.64% -0.28% $21M
WAT 1.01% 1.28% -0.26% $9M
BKNG 2.12% 2.37% -0.25% $19M
BRK-B 7.76% 7.97% -0.22% $69M
SYK 1.55% 1.75% -0.20% $14M
MDLZ 1.14% 1.29% -0.15% $10M
LSTR 0.93% 1.08% -0.15% $8M
ABT 0.33% 0.46% -0.14% $3M
DIS 0.95% 1.07% -0.13% $8M
PFE 0.14% 0.26% -0.12% $1M
MDT 0.77% 0.88% -0.11% $7M

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 $586M 65.4%
Large Cap 75 $259M 28.9%
Mid Cap 6 $40M 4.5%
Small Cap 1 $3M 0.3%
Micro Cap 6 $8M 0.9%

Portfolio Analytics

Avg Market Cap
$402.3B
Median Market Cap
$91.4B
Avg P/E
29.4
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.87
# Stocks
108
# ETFs / Funds
21

Top Holdings (129 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 13.45% 232,456 $120M $517.95 -$258K -10,118 -4.2%
2 BRK-B 7.76% 138,201 $69M $502.74 $361K -4,085 -2.9%
3 META 5.70% 69,475 $51M $734.38 -$2M -2,134 -3.0%
4 GOOGL 4.36% 160,642 $39M $243.10 $10M -6,180 -3.7%
5 AAPL 3.74% 131,469 $33M $254.63 $6M -606 -0.5%
6 PAYX 3.49% 246,804 $31M $126.76 -$5M -3,101 -1.2%
7 GOOG 3.46% 127,366 $31M $243.55 $7M -10,855 -7.8%
8 FAST 2.97% 542,816 $27M $49.04 $4M +816 +0.1%
9 WMT 2.62% 227,253 $23M $103.06 $862K -3,459 -1.5%
10 JNJ 2.56% 123,464 $23M $185.42 $4M -1,085 -0.9%
11 AXP 2.54% 68,488 $23M $332.16 $553K -1,097 -1.6%
12 PG 2.36% 137,752 $21M $153.65 -$2M -5,851 -4.1%
13 XOM 2.23% 177,077 $20M $112.75 -$80K -8,869 -4.8%
14 GLW 2.13% 232,643 $19M $82.03 $6M -10,932 -4.5%
15 BKNG 2.12% 3,519 $19M $5,399.27 -$2M -35 -1.0%
16 DOV 1.98% 106,263 $18M $166.83 -$2M -1,074 -1.0%
17 PEP 1.59% 101,650 $14M $140.44 $864K +80 +0.1%
18 ICLR 1.56% 79,785 $14M $175.00 $5M +17,815 +28.8%
19 SYK 1.55% 37,532 $14M $369.67 -$1M -873 -2.3%
20 JPM 1.53% 43,360 $14M $315.43 $1M +462 +1.1%
21 CSCO 1.52% 198,633 $14M $68.42 -$321K -1,873 -0.9%
22 SCHW 1.45% 135,888 $13M $95.47 $126K -4,917 -3.5%
23 MRK 1.44% 154,162 $13M $83.93 $569K -2,102 -1.4%
24 MDLZ 1.14% 163,234 $10M $62.47 -$1M -2,974 -1.8%
25 HD 1.05% 23,103 $9M $405.19 $837K -145 -0.6%
26 VOO 1.04% 15,140 $9M $612.38 $1M +805 +5.6%
27 WAT 1.01% 30,261 $9M $299.81 -$2M -1,470 -4.6%
28 CVS 1.01% 119,845 $9M $75.39 -$155K -13,389 -10.1%
29 DIS 0.95% 74,159 $8M $114.50 -$813K -867 -1.2%
30 LSTR 0.93% 67,877 $8M $122.56 -$1M +485 +0.7%
31 YETI 0.82% 221,842 $7M $33.18 $321K -1,503 -0.7%
32 CHDN 0.79% 73,086 $7M $97.01 -$292K
33 MDT 0.77% 71,969 $7M $95.24 -$750K -15,268 -17.5%
34 GE 0.76% 22,553 $7M $300.82 $912K -264 -1.2%
35 PNC 0.75% 33,424 $7M $200.93 $485K
36 IJR 0.74% 55,882 $7M $118.83 $957K +3,875 +7.5%
37 VWO 0.72% 118,218 $6M $54.18 $708K +3,025 +2.6%
38 VEA 0.57% 85,271 $5M $59.92 $425K +3,110 +3.8%
39 PM 0.53% 29,490 $5M $162.20 -$524K +349 +1.2%
40 HSY 0.51% 24,240 $5M $187.05 $466K -275 -1.1%
41 BRK-A 0.51% 6 $5M $754,200.00 -$576K -1 -14.3%
42 MCD 0.49% 14,465 $4M $303.89 $170K
43 KO 0.46% 62,034 $4M $66.32 -$296K -300 -0.5%
44 ABBV 0.40% 15,367 $4M $231.54 -$358K -5,731 -27.2%
45 SJM 0.40% 32,728 $4M $108.60 -$609K -9,669 -22.8%
46 NVDA 0.39% 18,648 $3M $186.58 -$336K -5,500 -22.8%
47 MO 0.37% 49,788 $3M $66.06 $397K +461 +0.9%
48 LLY 0.37% 4,302 $3M $763.00 -$687K -790 -15.5%
49 TPB 0.34% 30,770 $3M $98.86 -$653K -18,000 -36.9%
50 ABT 0.33% 21,732 $3M $133.94 -$1M -7,831 -26.5%
51 VPL 0.32% 32,993 $3M $87.84 $187K
52 BF-B 0.32% 105,035 $3M $27.08 $45K +1,000 +1.0%
53 CLAR 0.28% 720,240 $3M $3.50 $1M +282,103 +64.4%
54 GEV 0.26% 3,855 $2M $614.90 $329K -3 -0.1%
55 NKE 0.25% 31,709 $2M $69.73 $287K +4,625 +17.1%
56 CL 0.25% 27,486 $2M $79.94 -$301K
57 IBM 0.23% 7,408 $2M $282.16 -$392K -1,011 -12.0%
58 ORCL 0.22% 7,073 $2M $281.24 $432K -50 -0.7%
59 IVV 0.22% 2,887 $2M $669.30 $109K -50 -1.7%
60 VTI 0.20% 5,592 $2M $328.17 $212K +251 +4.7%
61 CVX 0.20% 11,719 $2M $155.29 $142K
62 THRY 0.20% 150,673 $2M $12.06 -$15K
63 VGK 0.20% 22,400 $2M $79.80 $52K
64 SMG 0.19% 30,255 $2M $56.95 -$414K -2,150 -6.6%
65 USB 0.17% 31,966 $2M $48.33 $98K
66 SPY 0.16% 2,204 $1M $666.18 $93K -22 -1.0%
67 RSSS 0.16% 392,284 $1M $3.73 $337K
68 TFX 0.16% 11,808 $1M $122.36 $35K -100 -0.8%
69 ZTS 0.15% 9,485 $1M $146.32 -$91K
70 ADP 0.15% 4,700 $1M $293.50 -$70K
71 KVUE 0.15% 84,246 $1M $16.23 -$482K -4,134 -4.7%
72 RELL 0.15% 134,316 $1M $9.79 $19K
73 PFE 0.14% 49,780 $1M $25.48 -$1M -44,244 -47.1%
74 MMM 0.14% 8,037 $1M $155.18 $24K
75 VEU 0.14% 17,328 $1M $71.37 -$351 -1,075 -5.8%
76 COST 0.13% 1,303 $1M $925.63 -$34K +50 +4.0%
77 IWM 0.13% 4,747 $1M $241.96 $124K
78 INTU 0.13% 1,675 $1M $682.91 -$175K
79 BSX 0.11% 10,509 $1M $97.63 -$385K -2,624 -20.0%
80 IWR 0.10% 9,323 $900K $96.55 $4K -420 -4.3%
81 YUM 0.10% 5,604 $852K $152.00 $21K
82 MSI 0.09% 1,707 $781K $457.42 $75K +29 +1.7%
83 JCTCF 0.08% 217,053 $747K $3.44 -$63K
84 LOW 0.08% 2,971 $747K $251.31 $87K
85 IWB 0.08% 1,980 $724K $365.48 $51K
86 MA 0.08% 1,243 $707K $568.81 $9K
87 IVW 0.07% 5,136 $620K $120.72 $55K
88 USMV 0.07% 6,174 $587K $95.14 $8K
89 V 0.06% 1,663 $568K $341.38 -$23K
90 WM 0.06% 2,538 $560K $220.83 -$20K
91 COHR 0.06% 5,040 $543K $107.72 $88K -60 -1.2%
92 ETN 0.06% 1,425 $533K $374.25 $25K
93 AMZN 0.06% 2,390 $525K $219.57 $49K +220 +10.1%
94 T 0.06% 18,098 $511K $28.24 -$13K
95 BF-A 0.05% 18,200 $490K $26.91 $17K +1,000 +5.8%
96 CINF 0.05% 3,000 $474K $158.10 $28K
97 XLK 0.05% 1,550 $437K $281.86 $19K -100 -6.1%
98 JBL 0.05% 2,000 $434K $217.17 -$2K
99 TFC 0.05% 9,112 $417K $45.72 $25K
100 RTX 0.05% 2,428 $406K $167.33 $52K

New Positions

SymbolValue% Port
LRCX $356K 0.04%
BLK $215K 0.02%
SCHX $204K 0.02%
DD $204K 0.02%

Sold Out Positions

SymbolValue% Port
WBA —%
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