PARTHENON LLC

Q4 2025 13F-HR Holdings

Location
Louisville, KY
Holdings as of
12/31/2025
Date filed
1/23/2026
Form type
13F-HR
Num holdings
131
Total value ($000)
$926,705
Net value change ($000)
+24,198 (2.7%)
New positions
6
Sold out positions
4
Turnover %
1.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 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)
CRM 15,313 NEW
GOOGL 10,750 27.5%
GOOGL 5,798 18.7%
MRK 3,244 25.1%
DOV 2,830 16.0%
JNJ 2,420 10.6%
YETI 2,353 32.0%
AXP 2,189 9.6%
WAT 1,979 21.8%
WMT 1,965 8.4%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -10,392 -8.6%
META -5,778 -11.3%
FAST -4,756 -17.9%
PAYX -3,813 -12.2%
MDLZ -2,660 -26.1%
PG -1,790 -8.5%
HD -1,413 -15.1%
USB -1,184 -76.6%
MDT -933 -13.6%
SYK -787 -5.7%
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