Mill Capital Management, LLC
Sector Allocation
- Technology41.9%$637.3M
- Financials22.7%$345.3M
- Healthcare12.3%$186.6M
- Industrials6.8%$103.4M
- Consumer Discretionary6.1%$92.4M
- Energy4.7%$71.1M
- Consumer Staples1.6%$24.0M
- Materials1.5%$23.4M
- Real Estate1.3%$19.9M
- Other0.6%$9.2M
AUM History
13fpro.ai/research/fund/mill-capital-management-llc-1901166
Conviction and streaks
Concentrating · top 10 = 55.1%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
AAPL
$167.5MGOOG
$109.7MMSFT
$103.6MMU
$103.3MBRK.A
$74.7MV
$70.2MJPM
$61.1MXOM.R34088
$58.8MAMZN
$48.6MBRK.B
$42.0MTMO
$38.0MUNP
$36.9MAXP
$36.7MASML
$36.6MJNJ
$30.6MLLY
$29.5MTDG
$27.3MGOOGL
$26.1MICE
$24.3MBKNG
$23.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/mill-capital-management-llc-1901166
Mill Capital Management, LLC 13F holdings — Q3 2026
$1.5B portfolio (+1.7% QoQ) · 128 holdings · Q3 2026 13F · top 10 are 55% of the stock portfolio
$167.5M
11.0% of stocks
+0.1%This quarter0.0%Since filed11+ qtrsHeld$109.7M
7.2% of stocks
-0.7%This quarter0.0%Since filed11+ qtrsHeld$103.6M
6.8% of stocks
+0.1%This quarter0.0%Since filed11+ qtrsHeld$103.3M
6.8% of stocks
-5%This quarter0.0%Since filed11+ qtrsHeld$74.7M
4.9% of stocks
No changeThis quarter—Since filed11+ qtrsHeld$70.2M
4.6% of stocks
+0.2%This quarter0.0%Since filed11+ qtrsHeld$61.1M
4.0% of stocks
-7%This quarter0.0%Since filed11+ qtrsHeld$58.8M
3.9% of stocks
-0.9%This quarter—Since filed11+ qtrsHeld$48.6M
3.2% of stocks
+0.7%This quarter0.0%Since filed11+ qtrsHeld$42.0M
2.8% of stocks
-3%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
All holdings — Mill Capital Management, LLC (Q3 2026)
128 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 | THERMO FISHER SCIENTIFIC INC. | Healthcare | $38.0M | 2.5% | 56K | +0.2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | UNION PACIFIC CORP | Industrials | $36.9M | 2.4% | 135K | -0.1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | AMERICAN EXPRESS CO | Financials | $36.7M | 2.4% | 121K | -0.6% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | ASML HOLDING NV | Technology | $36.6M | 2.4% | 20K | +0.1% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | JOHNSON & JOHNSON | Healthcare | $30.6M | 2.0% | 116K | -2% | 11+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | ELI LILLY & Co | Healthcare | $29.5M | 1.9% | 26K | +0.3% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | TransDigm Group INC | Industrials | $27.3M | 1.8% | 25K | +0.4% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Alphabet Inc. | Technology | $26.1M | 1.7% | 76K | -0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Intercontinental Exchange, Inc. | Financials | $24.3M | 1.6% | 160K | +2% | 11+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Booking Holdings Inc. | Consumer Discretionary | $23.6M | 1.6% | 145K | +1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | UNITEDHEALTH GROUP INC | Healthcare | $21.2M | 1.4% | 58K | +0.3% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | LINDE PLC | Materials | $19.6M | 1.3% | 41K | +0.5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | LABCORP HOLDINGS INC. | Healthcare | $19.4M | 1.3% | 63K | +0.3% | 10 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | AMERICAN TOWER CORP /MA/ | Real Estate | $19.4M | 1.3% | 118K | -0.5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | VERISIGN INC/CA | Technology | $18.8M | 1.2% | 67K | -0.4% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $SPGI | S&P Global Inc. | Financials | $17.5M | 1.1% | 44K | +1.0% | |||
| 27 | $APH | AMPHENOL CORP /DE/ | Technology | $16.6M | 1.1% | 197K | +102% | |||
| 28 | $LHX | L3HARRIS TECHNOLOGIES, INC. /DE/ | Technology | $14.8M | 1.0% | 63K | +0.7% | |||
| 29 | $CRM | Salesforce, Inc. | Technology | $13.8M | 0.9% | 60K | +0.5% | |||
| 30 | $PM | Philip Morris International Inc. | Consumer Staples | $13.7M | 0.9% | 72K | -0.2% | |||
| 31 | $CPRT | COPART INC | Consumer Discretionary | $12.6M | 0.8% | 460K | +2% | |||
| 32 | $ZTS | Zoetis Inc. | Healthcare | $11.3M | 0.7% | 162K | -7% | |||
| 33 | $LRCX | LAM RESEARCH CORP | Technology | $10.5M | 0.7% | 32K | — | |||
| 34 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $10.0M | 0.7% | 230K | -0.3% | |||
| 35 | $MRK | Merck & Co., Inc. | Healthcare | $9.3M | 0.6% | 64K | -0.3% | |||
| 36 | $OTIS | Otis Worldwide Corp | Industrials | $9.3M | 0.6% | 145K | -0.0% | |||
| 37 | $TT | Trane Technologies plc | Technology | $7.9M | 0.5% | 17K | -0.9% | |||
| 38 | $CAT | CATERPILLAR INC | Industrials | $6.8M | 0.5% | 8,378 | -0.4% | |||
| 39 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $6.3M | 0.4% | 79K | — | |||
| 40 | $GE | GENERAL ELECTRIC CO | Industrials | $6.0M | 0.4% | 19K | — | |||
| 41 | $CVX | CHEVRON CORP | Energy | $5.5M | 0.4% | 27K | -0.7% | |||
| 42 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $5.1M | 0.3% | 35K | -0.7% | |||
| 43 | $ETN | Eaton Corp plc | Industrials | $5.1M | 0.3% | 12K | — | |||
| 44 | $GEV | GE Vernova Inc. | Industrials | $4.2M | 0.3% | 4,386 | — | |||
| 45 | $PFE | PFIZER INC | Healthcare | $4.0M | 0.3% | 141K | -2% | |||
| 46 | $ELV | Elevance Health, Inc. | Healthcare | $3.9M | 0.3% | 9,938 | -1% | |||
| 47 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $3.0M | 0.2% | 6,225 | — | |||
| 48 | $SHEL | Shell plc | Energy | $2.9M | 0.2% | 30K | -5% | |||
| 49 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $2.8M | 0.2% | 9,138 | — | |||
| 50 | $KO | COCA COLA CO | Consumer Staples | $2.8M | 0.2% | 32K | -5% | |||
| 51 | — | SPDR SERIES TRUST - ST STR AGGRE ETF | — | $2.8M | 0.2% | 113K | +36% | |||
| 52 | $TXN | TEXAS INSTRUMENTS INC | Technology | $2.7M | 0.2% | 9,490 | — | |||
| 53 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $2.6M | 0.2% | 42K | -2% | |||
| 54 | $DUK | Duke Energy CORP | Utilities | $2.5M | 0.2% | 22K | -6% | |||
| 55 | $CCZ | COMCAST CORP | Communication Services | $2.3M | 0.1% | 106K | -14% | |||
| 56 | $GS | GOLDMAN SACHS GROUP INC | Financials | $2.3M | 0.1% | 2,539 | — | |||
| 57 | $MMM | 3M CO | Healthcare | $2.1M | 0.1% | 13K | — | |||
| 58 | $RSG | REPUBLIC SERVICES, INC. | Utilities | $2.1M | 0.1% | 10K | — | |||
| 59 | $COP | CONOCOPHILLIPS | Energy | $2.1M | 0.1% | 17K | -0.7% | |||
| 60 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $2.1M | 0.1% | 7,300 | — | |||
| 61 | $YUM | YUM BRANDS INC | Consumer Discretionary | $2.0M | 0.1% | 14K | -5% | |||
| 62 | $EMR | EMERSON ELECTRIC CO | Industrials | $2.0M | 0.1% | 13K | — | |||
| 63 | $ORCL | ORACLE CORP | Technology | $1.9M | 0.1% | 14K | -10% | |||
| 64 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $1.9M | 0.1% | 35K | -2% | |||
| 65 | $NEE | NEXTERA ENERGY INC | Utilities | $1.8M | 0.1% | 24K | — | |||
| 66 | — | VANGUARD MUN BD FDS - TAX EXEMPT BD | — | $1.8M | 0.1% | 38K | -0.3% | |||
| 67 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $1.7M | 0.1% | 29K | -7% | |||
| 68 | $SYK | STRYKER CORP | Healthcare | $1.3M | 0.1% | 4,819 | — | |||
| 69 | $MSI | Motorola Solutions, Inc. | Technology | $1.3M | 0.1% | 2,910 | — | |||
| 70 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $1.3M | 0.1% | 9,550 | — | |||
| 71 | $CME | CME GROUP INC. | Financials | $1.2M | 0.1% | 4,500 | — | |||
| 72 | — | ISHARES TR - RUS MID CAP ETF | — | $1.1M | 0.1% | 11K | — | |||
| 73 | $FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | Financials | $1.1M | 0.1% | 525 | — | |||
| 74 | $MCD | MCDONALDS CORP | Consumer Discretionary | $1.1M | 0.1% | 4,650 | -2% | |||
| 75 | $CB | Chubb Ltd | Financials | $1.0M | 0.1% | 3,210 | — | |||
| 76 | $IAU | ISHARES GOLD TRUST | Financials | $1.0M | 0.1% | 13K | — | |||
| 77 | $IR | Ingersoll Rand Inc. | Industrials | $984K | 0.1% | 13K | — | |||
| 78 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $932K | 0.1% | 5,058 | — | |||
| 79 | $DIS | Walt Disney Co | Communication Services | $898K | 0.1% | 8,563 | — | |||
| 80 | $PSX | Phillips 66 | Energy | $884K | 0.1% | 3,462 | — | |||
| 81 | $FITB | FIFTH THIRD BANCORP | Financials | $869K | 0.1% | 17K | — | |||
| 82 | $L | LOEWS CORP | Financials | $863K | 0.1% | 8,266 | -11% | |||
| 83 | $ABBV | AbbVie Inc. | Healthcare | $862K | 0.1% | 3,297 | — | |||
| 84 | $CMI | CUMMINS INC | Industrials | $860K | 0.1% | 1,665 | — | |||
| 85 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $749K | 0.1% | 3,405 | — | |||
| 86 | $SPY | SPDR S&P 500 ETF TRUST | — | $673K | 0.0% | 883 | +18% | |||
| 87 | $AVGO | Broadcom Inc. | Technology | $656K | 0.0% | 1,868 | — | |||
| 88 | $BP | BP PLC | Energy | $652K | 0.0% | 15K | — | |||
| 89 | — | ISHARES TR - ESG OPTIMIZED | — | $646K | 0.0% | 4,150 | — | |||
| 90 | $NVS | NOVARTIS AG | Healthcare | $600K | 0.0% | 4,205 | — | |||
| 91 | $KMB | KIMBERLY CLARK CORP | Materials | $585K | 0.0% | 6,001 | — | |||
| 92 | $GRMN | GARMIN LTD | Technology | $584K | 0.0% | 2,037 | — | |||
| 93 | $BDX | BECTON DICKINSON & CO | Healthcare | $583K | 0.0% | 3,258 | -6% | |||
| 94 | $WEC | WEC ENERGY GROUP, INC. | Utilities | $486K | 0.0% | 4,824 | — | |||
| 95 | $ZBH | ZIMMER BIOMET HOLDINGS, INC. | Healthcare | $478K | 0.0% | 5,384 | — | |||
| 96 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $461K | 0.0% | 2,076 | — | |||
| 97 | — | ISHARES TR - CORE S&P500 ETF | — | $421K | 0.0% | 550 | — | |||
| 98 | $GEHC | GE HealthCare Technologies Inc. | Healthcare | $397K | 0.0% | 6,074 | — | |||
| 99 | $PEP | PEPSICO INC | Consumer Staples | $390K | 0.0% | 3,079 | -18% | |||
| 100 | $WMT | Walmart Inc. | Consumer Staples | $389K | 0.0% | 3,747 | — | |||
| 101 | $DGX | QUEST DIAGNOSTICS INC | Healthcare | $378K | 0.0% | 1,620 | — | |||
| 102 | $ORI | OLD REPUBLIC INTERNATIONAL CORP | Financials | $357K | 0.0% | 9,572 | +0.8% | |||
| 103 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $357K | 0.0% | 1,000 | — | |||
| 104 | $VMRK | VIVMARK RESIDENTIAL | Real Estate | $343K | 0.0% | 5,650 | — | |||
| 105 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $340K | 0.0% | 1,610 | -15% | |||
| 106 | $LNC | LINCOLN NATIONAL CORP | Financials | $331K | 0.0% | 8,222 | — | |||
| 107 | $ENB | ENBRIDGE INC | Energy | $315K | 0.0% | 6,781 | — | |||
| 108 | $RF | REGIONS FINANCIAL CORP | Financials | $292K | 0.0% | 11K | — | |||
| 109 | — | ISHARES TR - RUS MD CP GR ETF | — | $278K | 0.0% | 2,020 | — | |||
| 110 | $GLD | SPDR GOLD TRUST | Financials | $267K | 0.0% | 700 | — | |||
| 111 | $TSLA | Tesla, Inc. | Consumer Discretionary | $257K | 0.0% | 725 | — | |||
| 112 | $HONA | Honeywell Aerospace Inc. | Industrials | $250K | 0.0% | 1,610 | -15% | |||
| 113 | $Q | Qnity Electronics, Inc. | Technology | $242K | 0.0% | 1,923 | — | |||
| 114 | — | ISHARES TR - MSCI ACWI ETF | — | $238K | 0.0% | 1,500 | — | |||
| 115 | $FCX | FREEPORT-MCMORAN INC | Materials | $233K | 0.0% | 3,333 | — | |||
| 116 | — | ISHARES TR - MBS ETF | — | $232K | 0.0% | 2,584 | — | |||
| 117 | $WELL | WELLTOWER INC. | Real Estate | $230K | 0.0% | 1,000 | — | |||
| 118 | $FIX | COMFORT SYSTEMS USA INC | Industrials | $223K | 0.0% | 135 | — | |||
| 119 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $220K | 0.0% | 857 | — | |||
| 120 | $SSB | SouthState Bank Corp | Financials | $220K | 0.0% | 2,214 | — | |||
| 121 | $FDX | FEDEX CORP | Industrials | $214K | 0.0% | 750 | — | |||
| 122 | — | VANGUARD INDEX FDS - MRNGSTR SM CP GR | — | $203K | 0.0% | 600 | — | |||
| 123 | — | ISHARES TR - RUS 1000 GRW ETF | — | $200K | 0.0% | 1,600 | — | |||
| 124 | — | ISHARES TR - CORE S&P TTL STK | — | $172K | 0.0% | 1,034 | — | |||
| 125 | — | ISHARES TR - CORE S&P SCP ETF | — | $163K | 0.0% | 1,200 | — | |||
| 126 | — | ISHARES TR - MSCI EMG MKT ETF | — | $100K | 0.0% | 1,500 | — | |||
| 127 | — | ISHARES TR - S&P MC 400GR ETF | — | $99K | 0.0% | 900 | — | |||
| 128 | — | ISHARES TR - RUSSELL 2000 ETF | — | $59K | 0.0% | 211 | — |
What changed in Q3 2026
Against the previous quarter's 13F: 0 new, 21 added to, 39 trimmed, 0 sold out. Share-count changes; largest moves by dollar size first.
New positions (0)
No new positions this quarter.
Added to (21)
$APHAMPHENOL CORP /DE/+102%
now $16.6M · held 4 qtrs
- SPDR SERIES TRUST - ST STR AGGRE ETF+36%
now $2.8M
now $24.3M · held 11+ qtrs, 4 adds in a row
now $48.6M · held 11+ qtrs
$CPRTCOPART INC+2%
now $12.6M · held 11+ qtrs
now $23.6M · held 11+ qtrs
+15 more in the Excel export
Trimmed (39)
now $103.3M · held 11+ qtrs, 5 trims in a row
now $61.1M · held 11+ qtrs
now $42.0M · held 11+ qtrs, 2 trims in a row
$ZTSZoetis Inc.-7%
now $11.3M · held 11+ qtrs
now $109.7M · held 11+ qtrs
now $58.8M · held 11+ qtrs
+33 more in the Excel export
Sold out (0)
No positions sold out this quarter.
Holdings by quarter
Every 13F Mill Capital Management, LLC has filed, 19 earlier quarters. Pick one to see what it held then.
Is it too late to follow Mill Capital Management?
Q3 2026 13F filed with the SEC on Oct 26, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Mill Capital Management's top 20 holdings: 76/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
0.0%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 8% over the last 4
Top 10 weight
55%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
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
Mill Capital Management, LLC disclosed 128 positions worth $1.5B in its Form 13F-HR for Q3 2026, led by $AAPL (Apple Inc.) at 11.0% of the equity portfolio, followed by $GOOG and $MSFT. The portfolio is most concentrated in Technology (41.9% of disclosed assets). All figures are sourced directly from Mill Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1901166.
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AI-Powered Hedge Fund Analysis: Mill Capital Management, LLC
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Every holding in Mill Capital Management, 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.