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Asset Manager ← All Institutions

Linden Thomas Advisory Services, LLC

516 NORTH TRYON STREET SUITE 200, CHARLOTTE, NC 28202 • 704-554-8150

Q4 2025 · Filed 2026-01-16
Market Value
$980M
-0.2%
Holdings
491
+1
New Purchases
11
Added To
225
Closed
9
Reduced
244
Top 10 Concentration
16.0%
Turnover
4.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 1.05% 0.81% +0.24% $10M
IWX 0.20% 0.00% +0.20% $2M
GSAT 0.47% 0.28% +0.19% $5M
LLY 0.56% 0.39% +0.17% $5M
LRCX 0.74% 0.58% +0.16% $7M
AAPL 2.20% 2.04% +0.15% $22M
MTSI 0.53% 0.39% +0.14% $5M
ISRG 0.64% 0.50% +0.14% $6M
IWF 0.14% 0.00% +0.14% $1M
TMO 0.79% 0.65% +0.14% $8M
AMD 0.50% 0.37% +0.13% $5M
VIG 0.11% 0.00% +0.11% $1M
IWP 0.11% 0.00% +0.11% $1M
REGN 0.35% 0.25% +0.10% $3M
IWN 0.10% 0.00% +0.10% $954K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CORT 0.22% 0.54% -0.32% $2M
K 0.00% 0.23% -0.23% $0
FFIV 0.66% 0.86% -0.20% $6M
META 1.55% 1.72% -0.17% $15M
ORCL 0.41% 0.57% -0.16% $4M
ACM 0.37% 0.53% -0.16% $4M
ALAB 0.89% 1.05% -0.16% $9M
NFLX 0.57% 0.72% -0.16% $6M
FI 0.15% 0.29% -0.14% $1M
AZO 0.50% 0.63% -0.13% $5M
INFA 0.00% 0.13% -0.13% $0
RMD 0.81% 0.92% -0.11% $8M
VICI 0.52% 0.62% -0.11% $5M
VEEV 0.28% 0.38% -0.10% $3M
ANET 1.15% 1.25% -0.10% $11M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 30.4%
Industrials 13.6%
Healthcare 13.0%
Financial Services 10.3%
Consumer Cyclical 9.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 45 $244M 24.9%
Large Cap 258 $526M 53.6%
Mid Cap 131 $165M 16.9%
Small Cap 52 $43M 4.3%
Micro Cap 5 $3M 0.3%

Portfolio Analytics

Avg Market Cap
$112.8B
Median Market Cap
$15.5B
Avg P/E
33.5
Median P/E
23.1
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
476
# ETFs / Funds
15

Top Holdings (491 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 3.58% 188,348 $35M $186.50 $187K +1,081 +0.6%
2 AAPL 2.20% 79,197 $22M $271.86 $1M +346 +0.4%
3 META 1.55% 23,024 $15M $660.09 -$2M +72 +0.3%
4 APP 1.49% 21,660 $15M $673.82 -$773K +272 +1.3%
5 MSFT 1.45% 29,424 $14M $483.62 -$841K +326 +1.1%
6 AVGO 1.38% 39,176 $14M $346.10 $813K +542 +1.4%
7 PLTR 1.26% 69,481 $12M $177.75 -$80K +1,342 +2.0%
8 ANET 1.15% 86,219 $11M $131.03 -$988K +1,903 +2.3%
9 GOOGL 1.05% 32,917 $10M $313.00 $2M +231 +0.7%
10 ALAB 0.89% 52,512 $9M $166.36 -$2M -287 -0.5%
11 HEI 0.87% 26,468 $9M $323.59 $80K +185 +0.7%
12 RMD 0.81% 33,160 $8M $240.87 -$1M +25 +0.1%
13 TMO 0.79% 13,364 $8M $579.45 $1M +161 +1.2%
14 MA 0.76% 12,968 $7M $570.88 $120K +164 +1.3%
15 LRCX 0.74% 42,425 $7M $171.18 $2M -25 -0.1%
16 V 0.74% 20,644 $7M $350.71 $230K +109 +0.5%
17 SPGI 0.73% 13,696 $7M $522.59 $446K -94 -0.7%
18 GEV 0.66% 9,955 $7M $653.57 $295K -146 -1.4%
19 FFIV 0.66% 25,295 $6M $255.26 -$2M -897 -3.4%
20 ISRG 0.64% 11,062 $6M $566.36 $1M +119 +1.1%
21 MO 0.63% 106,650 $6M $57.66 -$844K +781 +0.7%
22 GILD 0.62% 49,553 $6M $122.74 $724K +1,279 +2.6%
23 PANW 0.60% 31,976 $6M $184.20 -$508K +554 +1.8%
24 ABT 0.59% 46,409 $6M $125.29 -$348K +397 +0.9%
25 KLAC 0.59% 4,746 $6M $1,215.08 $788K +130 +2.8%
26 FOXA 0.58% 77,816 $6M $73.07 $912K +2,107 +2.8%
27 CRM 0.58% 21,371 $6M $264.91 $580K -70 -0.3%
28 NRG 0.57% 35,258 $6M $159.24 -$61K +216 +0.6%
29 NFLX 0.57% 59,349 $6M $93.76 -$2M +53,421 +901.2%
30 CSCO 0.56% 71,458 $6M $77.03 $643K +408 +0.6%
31 LLY 0.56% 5,110 $5M $1,074.68 $2M +142 +2.9%
32 MNST 0.56% 71,014 $5M $76.67 $624K -598 -0.8%
33 IDXX 0.54% 7,856 $5M $676.53 $316K +31 +0.4%
34 CDNS 0.53% 16,752 $5M $312.58 -$605K +121 +0.7%
35 INTU 0.53% 7,903 $5M $662.42 -$117K +66 +0.8%
36 MTSI 0.53% 30,406 $5M $171.28 $1M -284 -0.9%
37 APH 0.53% 38,247 $5M $135.14 $482K +373 +1.0%
38 ABC 0.52% 15,170 $5M $337.75 $411K +92 +0.6%
39 WMT 0.52% 45,812 $5M $111.41 $423K +388 +0.8%
40 VZ 0.52% 125,145 $5M $40.73 -$521K -2,683 -2.1%
41 VICI 0.52% 180,446 $5M $28.12 -$1M -7,140 -3.8%
42 AZO 0.50% 1,458 $5M $3,391.50 -$1M +7 +0.5%
43 AMD 0.50% 22,974 $5M $214.16 $1M +283 +1.2%
44 USLM 0.49% 40,081 $5M $119.74 -$546K -551 -1.4%
45 XOM 0.49% 39,803 $5M $120.34 $374K +640 +1.6%
46 HD 0.49% 13,837 $5M $344.10 -$879K -84 -0.6%
47 SOLV 0.48% 59,779 $5M $79.24 $332K -559 -0.9%
48 FTNT 0.47% 57,924 $5M $79.41 -$171K +1,186 +2.1%
49 GSAT 0.47% 75,059 $5M $61.04 $2M -1,031 -1.4%
50 NOW 0.45% 29,036 $4M $153.19 -$787K +23,348 +410.5%
51 CTSH 0.45% 53,244 $4M $83.00 $852K +55 +0.1%
52 WMB 0.45% 72,980 $4M $60.11 -$218K +287 +0.4%
53 TSLA 0.45% 9,718 $4M $449.72 -$5K -121 -1.2%
54 BRK-B 0.44% 8,633 $4M $502.65 $24K +49 +0.6%
55 TMUS 0.44% 21,268 $4M $203.04 -$850K -321 -1.5%
56 LMT 0.43% 8,775 $4M $483.67 -$80K +112 +1.3%
57 ORLY 0.42% 44,657 $4M $91.21 -$761K -179 -0.4%
58 GLW 0.41% 46,431 $4M $87.56 $328K +864 +1.9%
59 ORCL 0.41% 20,561 $4M $194.91 -$2M +618 +3.1%
60 MPWR 0.39% 4,233 $4M $906.36 -$34K +29 +0.7%
61 VRTX 0.39% 8,405 $4M $453.36 $513K -14 -0.2%
62 NVT 0.39% 37,288 $4M $101.97 $110K -142 -0.4%
63 SYK 0.39% 10,804 $4M $351.47 -$267K -191 -1.7%
64 AMAT 0.38% 14,579 $4M $256.99 $787K +122 +0.8%
65 MATX 0.37% 29,456 $4M $123.55 $746K +109 +0.4%
66 ACM 0.37% 37,928 $4M $95.33 -$2M -2,028 -5.1%
67 KR 0.37% 57,676 $4M $62.48 -$313K -424 -0.7%
68 PEN 0.37% 11,526 $4M $310.91 $645K -76 -0.7%
69 LII 0.36% 7,323 $4M $485.58 -$299K +40 +0.6%
70 JXN 0.36% 33,298 $4M $106.65 $134K -460 -1.4%
71 FIVE 0.36% 18,585 $4M $188.36 $607K -122 -0.7%
72 COST 0.36% 4,038 $3M $862.34 -$330K -80 -1.9%
73 CRWD 0.35% 7,412 $3M $468.76 -$104K +114 +1.6%
74 REGN 0.35% 4,460 $3M $771.87 $961K +47 +1.1%
75 COLB 0.35% 122,428 $3M $27.95 $282K +456 +0.4%
76 GLD 0.33% 8,262 $3M $396.31 $455K +330 +4.2%
77 CPRX 0.33% 139,898 $3M $23.34 $594K +4,317 +3.2%
78 ULTA 0.33% 5,370 $3M $605.01 $280K -61 -1.1%
79 HRL 0.33% 135,950 $3M $23.70 -$321K -7,249 -5.1%
80 CRAI 0.33% 16,054 $3M $200.69 -$127K -7 -0.0%
81 QCOM 0.33% 18,791 $3M $171.05 $222K +805 +4.5%
82 ADI 0.33% 11,847 $3M $271.20 $384K +335 +2.9%
83 LOW 0.32% 13,003 $3M $241.16 -$28K +415 +3.3%
84 LGND 0.32% 16,575 $3M $189.07 $157K -231 -1.4%
85 ABBV 0.31% 13,507 $3M $228.49 $53K +407 +3.1%
86 CMA 0.31% 34,709 $3M $86.93 $664K +368 +1.1%
87 CHE 0.30% 6,946 $3M $427.86 -$320K -406 -5.5%
88 PAYX 0.30% 26,418 $3M $112.18 -$535K -1,184 -4.3%
89 TSCO 0.30% 58,009 $3M $50.01 -$429K -544 -0.9%
90 GD 0.29% 8,578 $3M $336.66 $28K +192 +2.3%
91 SNOW 0.29% 13,144 $3M $219.36 -$3K +347 +2.7%
92 GHC 0.29% 2,601 $3M $1,098.60 -$105K +85 +3.4%
93 EME 0.29% 4,670 $3M $611.79 -$125K +79 +1.7%
94 LMAT 0.29% 35,045 $3M $81.10 -$220K +54 +0.1%
95 KMI 0.29% 103,189 $3M $27.49 -$1K +2,949 +2.9%
96 CNR 0.29% 32,008 $3M $88.51 $122K -472 -1.4%
97 ALSN 0.29% 28,613 $3M $97.90 $421K +566 +2.0%
98 HPE 0.28% 115,391 $3M $24.02 -$518 +2,516 +2.2%
99 CSGP 0.28% 40,810 $3M $67.24 -$901K -2,397 -5.5%
100 BX 0.28% 17,702 $3M $154.14 -$235K +355 +2.0%

New Positions

SymbolValue% Port
IWX $2M 0.20%
IWF $1M 0.14%
VIG $1M 0.11%
IWP $1M 0.11%
IWN $954K 0.10%
IWY $951K 0.10%
TOTB.DE $740K 0.08%
IWS $354K 0.04%
IWB $297K 0.03%
EFA $269K 0.03%
WPM $215K 0.02%

Sold Out Positions

SymbolValue% Port
ZTS —%
RSG —%
USNA —%
TTE —%
ASGN —%
K —%
ODP —%
IPG —%
INFA —%
View SEC EDGAR Filings for Linden Thomas Advisory Services, LLC →

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