Applied Capital LLC
Applied Capital LLC reported 92 US-listed holdings worth $150.4 million in its 13F for the quarter ended 30 September 2026, filed 7 October 2026. Its largest: Alphabet Inc. (5.7%), Microsoft Corp. (4.7%) and Meta Platforms, Inc. (3.9%). Against the quarter before, it opened 6 positions, added to 37, trimmed 25 and sold out of 6.
Reported holdings$150.4M+0.5% on Q2 2026
Positions92as many as Q2 2026
The largest ten32.5%of its reported holdings
Latest 13FQ3 2026filed 7 October 2026
Added toHeldTrimmed
The 14 largest of its 92 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +20.2% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 6Added 37Held 24Trimmed 25Sold out 6
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 6
- Mobility Global Inc. MBGL$1.0 million
- ONEOK Inc. OKE$914,009
- ExxonMobil Holdings Corp. XOM$646,931
- H&R Block Inc. HRB$437,585
- Verisk Analytics, Inc. VRSK$414,086
- Flowers Foods Inc. FLO$57,998
Added to 37
- Yum China Hldgs Inc. YUMC+13,967 shares · +169%
- Lamar Advertising Co. LAMR+1,247 shares · +15%
- Meta Platforms, Inc. META+186 shares · +2%
- Intercontinental Exchange, Inc. ICE+853 shares · +20%
- S&P Global Inc. SPGI+276 shares · +27%
- Crown Castle Inc. CCI+769 shares · +5%
- Philip Morris International Inc. PM+239 shares · +1%
- American Tower Corp. AMT+273 shares · +5%
and 29 more in the table below
Trimmed 25
- Penske Automotive Group, Inc. PAG-320 shares · -1%
- Alphabet Inc. GOOG-98 shares · -0%
- Air Products & Chemicals, Inc. APD-91 shares · -2%
- Genuine Parts Co. GPC-198 shares · -1%
- Boeing Co. BA-93 shares · -1%
- Nasdaq, Inc. NDAQ-156 shares · -0%
- United Parcel Service Inc. UPS-130 shares · -2%
- CRH Public Ltd. Co. CRH-110 shares · -1%
and 17 more in the table below
Sold out of 6
- Archer-Daniels-Midland Co. ADM$1.2 million last quarter
- CNH Industrial N.V. CNH$1.0 million last quarter
- ONEOK Inc. OKE$847,926 last quarter
- ExxonMobil Holdings Corp. XOM$550,298 last quarter
- Leggett & Platt Inc. LEG$261,039 last quarter
- Sysco Corp. SYY$201,846 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Alphabet Inc. GOOG | 25.1K | $8.6 million | 5.69% | -98 |
| Microsoft Corp. MSFT | 13.7K | $7.0 million | 4.67% | -1 |
| Meta Platforms, Inc. META | 8.2K | $5.9 million | 3.95% | +186 |
| Penske Automotive Group, Inc. PAG | 27.3K | $5.5 million | 3.64% | -320 |
| Travelers Companies, Inc. TRV | 15.1K | $5.4 million | 3.57% | -2 |
| Philip Morris International Inc. PM | 18.2K | $3.5 million | 2.31% | +239 |
| Visa Inc. V | 9.4K | $3.4 million | 2.25% | +36 |
| Mastercard Inc. MA | 6.0K | $3.3 million | 2.19% | +25 |
| JPMorgan Chase & Co. JPM | 9.8K | $3.2 million | 2.15% | +12 |
| Royal Bank of Canada RY | 16.2K | $3.2 million | 2.12% | -17 |
| Enterprise Products Partners LP EPD | 85.2K | $3.0 million | 2.02% | +765 |
| Johnson & Johnson JNJ | 11.0K | $2.9 million | 1.94% | -27 |
| Nasdaq, Inc. NDAQ | 31.3K | $2.9 million | 1.91% | -156 |
| Mplx LP MPLX | 49.4K | $2.8 million | 1.85% | +540 |
| American Express Co. AXP | 9.1K | $2.8 million | 1.84% | +15 |
| Paccar Inc. PCAR | 24.9K | $2.7 million | 1.82% | -72 |
| Toronto-Dominion Bank TD | 23.0K | $2.7 million | 1.80% | -30 |
| Moody's Corp. MCO | 5.6K | $2.5 million | 1.70% | -3 |
| UnitedHealth Group Inc. UNH | 6.5K | $2.4 million | 1.59% | -15 |
| Wells Fargo & Company WFC | 29.5K | $2.4 million | 1.57% | -97 |
| Watsco Inc. WSO | 7.4K | $2.2 million | 1.48% | +67 |
| Old Republic International Corp. ORI | 59.5K | $2.2 million | 1.48% | +835 |
| Amazon.com Inc. AMZN | 8.3K | $2.1 million | 1.38% | +43 |
| Illinois Tool Works Inc. ITW | 7.8K | $2.0 million | 1.34% | no change |
| W. R. Berkley Corp. WRB | 29.2K | $2.0 million | 1.31% | +86 |
| Fifth Third Bancorp FITB | 38.9K | $2.0 million | 1.31% | -150 |
| Altria Group, Inc. MO | 28.2K | $1.9 million | 1.26% | +390 |
| Cincinnati Financial Corp. CINF | 11.5K | $1.8 million | 1.22% | -20 |
| CME Group Inc. CME | 6.9K | $1.8 million | 1.21% | +146 |
| Ferguson Enterprises Inc. FERG | 7.9K | $1.8 million | 1.17% | -20 |
| Federal Agric MTG Corp. AGM | 8.3K | $1.7 million | 1.14% | +30 |
| U.S. Bancorp USB | 29.5K | $1.7 million | 1.13% | -81 |
| Genuine Parts Co. GPC | 13.4K | $1.7 million | 1.12% | -198 |
| Procter & Gamble Co. PG | 10.9K | $1.6 million | 1.06% | no change |
| RTX Corp. RTX | 8.5K | $1.6 million | 1.05% | no change |
| SL Green Realty Corp. SLG | 32.2K | $1.6 million | 1.05% | +872 |
| Enbridge Inc ENB | 32.9K | $1.5 million | 1.02% | +201 |
| Chubb Ltd. CB | 4.6K | $1.5 million | 1.00% | no change |
| 3M Co. MMM | 8.9K | $1.5 million | 0.97% | -25 |
| Boeing Co. BA | 7.7K | $1.4 million | 0.95% | -93 |
| Truist Financial Corp. TFC | 30.3K | $1.4 million | 0.93% | -10 |
| Realty Income Corp. O | 25.4K | $1.4 million | 0.92% | +342 |
| Lamar Advertising Co. LAMR | 9.4K | $1.4 million | 0.90% | +1.2K |
| General Dynamics Corp. GD | 3.9K | $1.3 million | 0.87% | no change |
| Automatic Data Processing Inc. ADP | 5.0K | $1.3 million | 0.86% | no change |
| British American Tobacco p.l.c. BTI | 23.6K | $1.3 million | 0.85% | +192 |
| Air Products & Chemicals, Inc. APD | 4.4K | $1.2 million | 0.81% | -91 |
| American Financial Group Inc. AFG | 8.5K | $1.2 million | 0.77% | +234 |
| Fidelity National Financial, Inc. FNF | 28.9K | $1.1 million | 0.74% | +892 |
| Crown Castle Inc. CCI | 16.2K | $1.1 million | 0.72% | +769 |
| American Tower Corp. AMT | 6.2K | $1.0 million | 0.67% | +273 |
| Mobility Global Inc. MBGL | 58.8K | $1.0 million | 0.67% | new |
| Chevron Corp. CVX | 4.9K | $994,911 | 0.66% | +115 |
| L3Harris Technologies, Inc. LHX | 4.1K | $975,770 | 0.65% | -2 |
| W.W. Grainger, Inc. GWW | 780 | $971,693 | 0.65% | no change |
| Murphy USA Inc. MUSA | 1.9K | $970,762 | 0.65% | +35 |
| Paychex Inc. PAYX | 9.3K | $918,513 | 0.61% | +10 |
| W. P. Carey Inc. WPC | 14.2K | $915,225 | 0.61% | +100 |
| Yum China Hldgs Inc. YUMC | 22.2K | $914,270 | 0.61% | +14.0K |
| ONEOK Inc. OKE | 10.7K | $914,009 | 0.61% | new |
| Adobe Inc. ADBE | 3.6K | $853,707 | 0.57% | +30 |
| Stanley Black & Decker, Inc. SWK | 9.6K | $847,806 | 0.56% | -7 |
| CRH Public Ltd. Co. CRH | 10.2K | $843,235 | 0.56% | -110 |
| Intuit Inc. INTU | 2.9K | $811,139 | 0.54% | +131 |
| A. O. Smith Corp. AOS | 13.9K | $782,754 | 0.52% | -116 |
| Intercontinental Exchange, Inc. ICE | 5.1K | $773,377 | 0.51% | +853 |
| United Parcel Service Inc. UPS | 7.9K | $735,373 | 0.49% | -130 |
| Agree Realty Corp. ADC | 10.9K | $727,695 | 0.48% | no change |
| Circle Internet Group Inc. CRCL | 8.7K | $712,578 | 0.47% | -20 |
| PPG Industries Inc. PPG | 6.5K | $673,763 | 0.45% | +230 |
| ExxonMobil Holdings Corp. XOM | 4.0K | $646,931 | 0.43% | new |
| Kinder Morgan, Inc. KMI | 20.9K | $631,612 | 0.42% | no change |
| Becton Dickinson & Co. BDX | 3.5K | $622,025 | 0.41% | +210 |
| Mid-America Apartment Communities, Inc. MAA | 4.8K | $566,094 | 0.38% | +15 |
| S&P Global Inc. SPGI | 1.3K | $510,050 | 0.34% | +276 |
| Citigroup Inc. C | 3.8K | $498,369 | 0.33% | no change |
| Prologis, Inc. PLD | 3.8K | $494,690 | 0.33% | no change |
| Bank of Nova Scotia BNS | 5.4K | $490,173 | 0.33% | no change |
| NNN REIT, Inc. NNN | 11.6K | $475,000 | 0.32% | +200 |
| Medtronic plc MDT | 5.5K | $471,661 | 0.31% | no change |
| H&R Block Inc. HRB | 10.7K | $437,585 | 0.29% | new |
| Verisk Analytics, Inc. VRSK | 2.5K | $414,086 | 0.28% | new |
| Canadian Natl Ry Co. CNI | 3.2K | $381,669 | 0.25% | -55 |
| Copart Inc. CPRT | 12.8K | $349,511 | 0.23% | -270 |
| PayPal Holdings, Inc. PYPL | 6.3K | $329,783 | 0.22% | -12 |
| Allstate Corp. ALL | 1.5K | $327,465 | 0.22% | no change |
| Bank of America Corp. BAC | 5.0K | $269,973 | 0.18% | -100 |
| M&T Bank Corp. MTB | 1.2K | $255,680 | 0.17% | no change |
| Alphabet Inc. GOOGL | 730 | $251,178 | 0.17% | no change |
| Bank of Montreal BMO | 1.2K | $203,209 | 0.14% | no change |
| Flagstar Bank, National Association FLG | 12.9K | $150,543 | 0.10% | no change |
| Flowers Foods Inc. FLO | 10.4K | $57,998 | 0.04% | new |
Every US-listed position in the fund's 13F for the quarter ended 30 September 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 6 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Calls | 132.8K | $101.3 million |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.