R.M.SINCERBEAUX CAPITAL MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
38
Total value ($000)
$178,744
Net value change ($000)
-7,216 (-3.9%)
New positions
0
Sold out positions
1
Turnover %
0.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GS 897 10.4%
BAC 565 6.6%
PYPL 498 21.8%
ADI 366 10.4%
TNL 360 18.6%
CSCO 354 12.6%
FDX 340 22.5%
C 270 15.0%
QCOM 256 2.8%
WMT 213 8.1%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -3,787 -16.2%
WMB -2,817 -15.4%
LLY -1,602 -100.0%
ADP -1,365 -12.4%
HD -538 -15.1%
V -363 -1.8%
KMI -315 -2.9%
BR -193 -6.3%
MO -176 -12.7%
ABBV -169 -1.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type