PARTHENON LLC
Sector Allocation
- Technology38.1%$368.3M
- Financials13.5%$130.6M
- Healthcare12.3%$119.3M
- Consumer Staples9.6%$93.1M
- Industrials7.2%$69.3M
- Other5.3%$51.1M
- Consumer Discretionary4.5%$43.8M
- Materials3.8%$36.7M
- Energy3.1%$30.0M
- Communication Services2.5%$24.7M
AUM History
13fpro.ai/research/fund/parthenon-llc-1088859
Conviction and streaks
Concentrating · top 10 = 50.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
MSFT
$116.5MBRK.B
$68.0MGOOGL
$51.6MMETA
$49.1MAAPL
$41.8MGOOG
$37.1MGLW
$35.1MJNJ
$31.7MXOM.R34088
$27.2MFAST
$25.6MPAYX
$24.5MWMT
$23.4MMRK
$21.6MCSCO
$21.0MAXP
$20.2MDOV
$19.5MPG
$18.1MBKNG
$16.8MJPM
$13.7MICLR
$13.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/parthenon-llc-1088859
PARTHENON LLC 13F holdings — Q3 2026
$967.3M portfolio (+0.6% QoQ) · 129 holdings · Q3 2026 13F · top 10 are 50% of the stock portfolio
$116.5M
12.1% of stocks
-0.0%This quarter+2.2%Since filed11+ qtrsHeld$68.0M
7.0% of stocks
-0.1%This quarter—Since filed11+ qtrsHeld$51.6M
5.3% of stocks
-1%This quarter-2.0%Since filed11+ qtrsHeld$49.1M
5.1% of stocks
+0.2%This quarter-2.8%Since filed11+ qtrsHeld$41.8M
4.3% of stocks
-1%This quarter-1.2%Since filed11+ qtrsHeld$37.1M
3.8% of stocks
-0.4%This quarter-2.0%Since filed11+ qtrsHeld$35.1M
3.6% of stocks
-0.1%This quarter+3.0%Since filed11+ qtrsHeld$31.7M
3.3% of stocks
-0.2%This quarter-0.5%Since filed11+ qtrsHeld$27.2M
2.8% of stocks
-2%This quarter—Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$25.6M
2.6% of stocks
-2%This quarter-0.5%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — PARTHENON LLC (Q3 2026)
129 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | PAYCHEX INC | Technology | $24.5M | 2.5% | 248K | +0.1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Walmart Inc. | Consumer Staples | $23.4M | 2.4% | 225K | -0.2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Merck & Co., Inc. | Healthcare | $21.6M | 2.2% | 149K | -0.8% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | CISCO SYSTEMS, INC. | Technology | $21.0M | 2.2% | 195K | -0.1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | AMERICAN EXPRESS CO | Financials | $20.2M | 2.1% | 66K | -0.2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | DOVER Corp | Industrials | $19.5M | 2.0% | 104K | -0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | PROCTER & GAMBLE Co | Consumer Staples | $18.1M | 1.9% | 125K | -1% | 11+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Booking Holdings Inc. | Consumer Discretionary | $16.8M | 1.7% | 103K | +8% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | JPMORGAN CHASE & CO | Financials | $13.7M | 1.4% | 41K | -1.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | ICON PLC | Healthcare | $13.5M | 1.4% | 80K | +1% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Salesforce, Inc. | Technology | $13.1M | 1.4% | 57K | +0.2% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | SCHWAB CHARLES CORP | Financials | $12.9M | 1.3% | 132K | -0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | PEPSICO INC | Consumer Staples | $12.8M | 1.3% | 101K | -0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | WATERS CORP /DE/ | Healthcare | $12.7M | 1.3% | 29K | -0.5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | — | VANGUARD INDEX FDS - S&P 500 ETF SHSetf/fund | — | $11.3M | 1.2% | 16K | +5% | — | — | 13F |
| 26 | $LSTR | LANDSTAR SYSTEM INC | Industrials | $11.3M | 1.2% | 67K | -0.2% | |||
| 27 | $BATRA | Atlanta Braves Holdings, Inc. | Communication Services | $11.2M | 1.2% | 211K | — | |||
| 28 | $SYK | STRYKER CORP | Healthcare | $10.4M | 1.1% | 38K | +0.4% | |||
| 29 | $CVS | CVS HEALTH Corp | Healthcare | $9.5M | 1.0% | 111K | -1% | |||
| 30 | $YETI | YETI Holdings, Inc. | Consumer Discretionary | $8.8M | 0.9% | 214K | -0.0% | |||
| 31 | — | ISHARES TR - CORE S&P SCP ETF | — | $7.7M | 0.8% | 56K | +0.8% | |||
| 32 | $DIS | Walt Disney Co | Communication Services | $7.6M | 0.8% | 72K | -0.4% | |||
| 33 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $7.4M | 0.8% | 33K | — | |||
| 34 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $7.4M | 0.8% | 127K | -6% | |||
| 35 | $GE | GENERAL ELECTRIC CO | Industrials | $6.9M | 0.7% | 22K | — | |||
| 36 | — | VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETF | — | $6.7M | 0.7% | 114K | +1% | |||
| 37 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $6.5M | 0.7% | 23K | -0.5% | |||
| 38 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $6.2M | 0.6% | 87K | +2% | |||
| 39 | $PM | Philip Morris International Inc. | Consumer Staples | $5.6M | 0.6% | 29K | +0.1% | |||
| 40 | $CHDN | Churchill Downs Inc | Communication Services | $5.5M | 0.6% | 73K | — | |||
| 41 | $KO | COCA COLA CO | Consumer Staples | $5.0M | 0.5% | 58K | -0.6% | |||
| 42 | $LLY | ELI LILLY & Co | Healthcare | $4.5M | 0.5% | 3,913 | -0.3% | |||
| 43 | $MDT | Medtronic plc | Healthcare | $4.5M | 0.5% | 52K | -13% | |||
| 44 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $4.5M | 0.5% | 6 | — | |||
| 45 | $CLAR | Clarus Corp | Consumer Discretionary | $4.2M | 0.4% | 1.24M | — | |||
| 46 | $ABBV | AbbVie Inc. | Healthcare | $3.7M | 0.4% | 14K | +0.8% | |||
| 47 | $SJM | J M SMUCKER Co | Consumer Staples | $3.7M | 0.4% | 31K | -1.0% | |||
| 48 | — | VANGUARD INTL EQUITY INDEX F - FTSE PACIFIC ETF | — | $3.6M | 0.4% | 31K | -0.9% | |||
| 49 | $GEV | GE Vernova Inc. | Industrials | $3.5M | 0.4% | 3,686 | -1% | |||
| 50 | $HSY | HERSHEY CO | Consumer Staples | $3.5M | 0.4% | 22K | -1% | |||
| 51 | $MCD | MCDONALDS CORP | Consumer Discretionary | $3.0M | 0.3% | 13K | — | |||
| 52 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $2.9M | 0.3% | 43K | — | |||
| 53 | $BF-A | BROWN FORMAN CORP | Consumer Staples | $2.8M | 0.3% | 105K | — | |||
| 54 | $CVX | CHEVRON CORP | Energy | $2.4M | 0.3% | 12K | +0.7% | |||
| 55 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $2.3M | 0.2% | 27K | — | |||
| 56 | $ABT | ABBOTT LABORATORIES | Healthcare | $2.1M | 0.2% | 21K | -0.2% | |||
| 57 | — | VANGUARD INDEX FDS - MRNGSTR TTL STK | — | $2.0M | 0.2% | 5,237 | -2% | |||
| 58 | — | ISHARES TR - CORE S&P500 ETF | — | $1.9M | 0.2% | 2,507 | -2% | |||
| 59 | — | VANGUARD INTL EQUITY INDEX F - FTSE EUROPE ETF | — | $1.9M | 0.2% | 22K | -2% | |||
| 60 | $TPB | Turning Point Brands, Inc. | Consumer Staples | $1.8M | 0.2% | 31K | — | |||
| 61 | $STX | Seagate Technology Holdings plc | Technology | $1.8M | 0.2% | 2,000 | — | |||
| 62 | $SPY | SPDR S&P 500 ETF TRUST | — | $1.7M | 0.2% | 2,204 | — | |||
| 63 | $RELL | RICHARDSON ELECTRONICS, LTD. | Technology | $1.5M | 0.2% | 86K | -13% | |||
| 64 | — | VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US | — | $1.5M | 0.1% | 18K | +5% | |||
| 65 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $1.4M | 0.1% | 6,154 | +2% | |||
| 66 | $COHR | COHERENT CORP. | Technology | $1.3M | 0.1% | 4,600 | — | |||
| 67 | — | ISHARES TR - RUSSELL 2000 ETF | — | $1.3M | 0.1% | 4,745 | -0.3% | |||
| 68 | $TFX | TELEFLEX INC | Healthcare | $1.3M | 0.1% | 10K | -1% | |||
| 69 | $PFE | PFIZER INC | Healthcare | $1.3M | 0.1% | 45K | -0.2% | |||
| 70 | $MMM | 3M CO | Healthcare | $1.3M | 0.1% | 7,691 | +0.4% | |||
| 71 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $1.2M | 0.1% | 4,700 | — | |||
| 72 | $SMG | SCOTTS MIRACLE-GRO CO | Materials | $1.2M | 0.1% | 24K | -0.2% | |||
| 73 | $KVUE | Kenvue Inc. | Consumer Staples | $1.2M | 0.1% | 67K | -0.3% | |||
| 74 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $1.2M | 0.1% | 1,278 | — | |||
| 75 | $NKE | NIKE, Inc. | Consumer Discretionary | $1.1M | 0.1% | 30K | — | |||
| 76 | $NVDA | NVIDIA CORP | Technology | $1.0M | 0.1% | 4,425 | +11% | |||
| 77 | — | ISHARES TR - RUS MID CAP ETF | — | $986K | 0.1% | 9,243 | -0.9% | |||
| 78 | $ORCL | ORACLE CORP | Technology | $957K | 0.1% | 6,968 | — | |||
| 79 | $RSSS | Research Solutions, Inc. | Industrials | $847K | 0.1% | 392K | — | |||
| 80 | $LRCX | LAM RESEARCH CORP | Technology | $846K | 0.1% | 2,575 | — | |||
| 81 | — | ISHARES TR - NATIONAL MUN ETF | — | $839K | 0.1% | 8,300 | +8% | |||
| 82 | $CLBT | Cellebrite DI Ltd. | Technology | $837K | 0.1% | 74K | New | |||
| 83 | — | ISHARES TR - RUS 1000 ETF | — | $824K | 0.1% | 1,980 | — | |||
| 84 | $YUM | YUM BRANDS INC | Consumer Discretionary | $764K | 0.1% | 5,604 | — | |||
| 85 | $MSI | Motorola Solutions, Inc. | Technology | $733K | 0.1% | 1,643 | — | |||
| 86 | — | ISHARES TR - S&P 500 GRWT ETF | — | $731K | 0.1% | 5,136 | — | |||
| 87 | $MA | Mastercard Inc | Financials | $685K | 0.1% | 1,243 | — | |||
| 88 | $JCTC | JEWETT CAMERON TRADING CO LTD | Consumer Discretionary | $632K | 0.1% | 217K | — | |||
| 89 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $614K | 0.1% | 1,200 | — | |||
| 90 | $ETN | Eaton Corp plc | Industrials | $612K | 0.1% | 1,425 | — | |||
| 91 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETF | — | $590K | 0.1% | 3,012 | +3% | |||
| 92 | $V | VISA INC. | Financials | $581K | 0.1% | 1,617 | — | |||
| 93 | $ZTS | Zoetis Inc. | Healthcare | $576K | 0.1% | 8,243 | -11% | |||
| 94 | $JBL | JABIL INC | Technology | $574K | 0.1% | 2,000 | — | |||
| 95 | $AMZN | AMAZON COM INC | Consumer Discretionary | $527K | 0.1% | 2,115 | -2% | |||
| 96 | $WM | WASTE MANAGEMENT INC | Utilities | $524K | 0.1% | 2,568 | +3% | |||
| 97 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $522K | 0.1% | 2,830 | -5% | |||
| 98 | $BF-A | BROWN FORMAN CORP | Consumer Staples | $488K | 0.1% | 18K | — | |||
| 99 | $CINF | CINCINNATI FINANCIAL CORP | Financials | $478K | 0.1% | 3,000 | — | |||
| 100 | $RTX | RTX Corp | Industrials | $470K | 0.1% | 2,533 | +4% | |||
| 101 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $459K | 0.1% | 11K | — | |||
| 102 | $T | AT&T INC. | Communication Services | $449K | 0.1% | 18K | — | |||
| 103 | $TFC | TRUIST FINANCIAL CORP | Financials | $422K | 0.0% | 9,112 | — | |||
| 104 | — | ISHARES TR - MSCI EMG MKT ETF | — | $419K | 0.0% | 6,276 | — | |||
| 105 | $USB | US BANCORP DE | Financials | $391K | 0.0% | 6,771 | — | |||
| 106 | $GWW | W.W. GRAINGER, INC. | Consumer Discretionary | $374K | 0.0% | 300 | — | |||
| 107 | $MCK | MCKESSON CORP | Consumer Staples | $364K | 0.0% | 426 | — | |||
| 108 | $UG | UNITED GUARDIAN INC | Consumer Staples | $363K | 0.0% | 51K | — | |||
| 109 | $INTU | INTUIT INC. | Technology | $352K | 0.0% | 1,275 | — | |||
| 110 | $COP | CONOCOPHILLIPS | Energy | $350K | 0.0% | 2,796 | — | |||
| 111 | $CB | Chubb Ltd | Financials | $347K | 0.0% | 1,066 | +4% | |||
| 112 | $CAT | CATERPILLAR INC | Industrials | $333K | 0.0% | 411 | +3% | |||
| 113 | $ECL | ECOLAB INC. | Materials | $325K | 0.0% | 1,184 | — | |||
| 114 | — | SCHWAB STRATEGIC TR - FUNDAMENTAL US L | — | $307K | 0.0% | 9,762 | — | |||
| 115 | $IAU | ISHARES GOLD TRUST | Financials | $289K | 0.0% | 3,700 | — | |||
| 116 | $EMR | EMERSON ELECTRIC CO | Industrials | $270K | 0.0% | 1,742 | +8% | |||
| 117 | — | ISHARES TR - MSCI EAFE ETF | — | $240K | 0.0% | 2,313 | — | |||
| 118 | $RBCAA | REPUBLIC BANCORP INC /KY/ | Financials | $234K | 0.0% | 2,550 | — | |||
| 119 | $AVGO | Broadcom Inc. | Technology | $227K | 0.0% | 647 | +3% | |||
| 120 | $YUMC | Yum China Holdings, Inc. | Consumer Discretionary | $222K | 0.0% | 5,404 | — | |||
| 121 | $FLEX | FLEX LTD. | Technology | $220K | 0.0% | 2,000 | — | |||
| 122 | $KR | KROGER CO | Consumer Staples | $215K | 0.0% | 3,664 | — | |||
| 123 | $EW | Edwards Lifesciences Corp | Healthcare | $214K | 0.0% | 2,476 | -2% | |||
| 124 | $EBAY | EBAY INC | Consumer Discretionary | $212K | 0.0% | 2,000 | — | |||
| 125 | — | ISHARES TR - S&P 500 VAL ETF | — | $211K | 0.0% | 925 | — | |||
| 126 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $209K | 0.0% | 586 | New | |||
| 127 | $MRSH | MARSH & MCLENNAN COMPANIES, INC. | Financials | $207K | 0.0% | 1,213 | — | |||
| 128 | — | ISHARES TR - RUS MD CP GR ETF | — | $203K | 0.0% | 1,474 | — | |||
| 129 | $F | FORD MOTOR CO | Consumer Discretionary | $134K | 0.0% | 11K | — |
What changed in Q3 2026
Against the previous quarter's 13F: 2 new, 25 added to, 47 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
Added to (25)
now $16.8M · held 11+ qtrs
- VANGUARD INDEX FDS - S&P 500 ETF SHS+5%
now $11.3M
now $13.5M · held 6 qtrs
now $49.1M · held 11+ qtrs
$NVDANVIDIA CORP+11%
now $1.0M · held 11+ qtrs
- VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT+2%
now $6.2M
+19 more in the Excel export
Trimmed (47)
now $27.2M · held 11+ qtrs, 2 trims in a row
$MDTMedtronic plc-13%
now $4.5M · held 11+ qtrs, 2 trims in a row
now $51.6M · held 11+ qtrs, 3 trims in a row
now $25.6M · held 11+ qtrs, 2 trims in a row
now $41.8M · held 11+ qtrs
$MDLZMondelez International, Inc.-6%
now $7.4M · held 11+ qtrs, 6 trims in a row
+41 more in the Excel export
Holdings by quarter
Every 13F PARTHENON LLC has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow PARTHENON?
Q3 2026 13F filed with the SEC on Oct 22, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of PARTHENON's top 20 holdings: 73/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-0.1%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 3% over the last 4
Top 10 weight
50%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
100%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
PARTHENON LLC disclosed 129 positions worth $967.3M in its Form 13F-HR for Q3 2026, led by $MSFT (MICROSOFT CORP) at 12.1% of the equity portfolio, followed by $BRK.B and $GOOGL. During the quarter the fund opened 2 new positions and exited 6 — including a new stake in $CLBT and a full exit from $THRY. The portfolio is most concentrated in Technology (38.1% of disclosed assets). All figures are sourced directly from PARTHENON LLC’s Form 13F-HR filing with the SEC under CIK 1088859.
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AI-Powered Hedge Fund Analysis: PARTHENON LLC
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Every holding in PARTHENON LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.