Marshall & Sullivan
SEATTLE, WAfiles as MARSHALL & SULLIVAN INC /WA/
$216m in 43 US stocks at the end of 30 September 2025. The top 10 are 49.5% of the money. It changed about 5.6% of the portfolio this quarter.
Value
$216m
Stocks
43
Top 10 share
49.5%
Turnover
5.6%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- PepsiCoPEP2.1% of the fund+2%
- UnitedHealth GroupUNH2.0% of the fund+3%
- FortiveFTV1.4% of the fund+3%
- Vanguard Index FDSVB1.4% of the fund+28%
Cut
Sold some of their stake.
- AlphabetGOOGL4.5% of the fund-7%
- Lam ResearchLRCX3.9% of the fund-5%
- Booking HoldingsBKNG3.2% of the fund-2%
- Meta PlatformsMETA2.7% of the fund-3%
- Eli LillyLLY2.5% of the fund-2%
- Costco WholesaleCOST0.5% of the fund-2%
- AlphabetGOOG0.2% of the fund-7%
- Rockwell AutomationROK0.1% of the fund-24%
Sold out
Sold their entire stake.
- RalliantRAL-100%
- MerckMRK-100%
- JPMorgan ChaseJPM-100%
- Heritage FinancialHFWA-100%
- General ElectricGE-100%
- OracleORCL-100%
- Select Sector Spdr TRXLF-100%
- Arista NetworksANET-100%
- WafdWAFD-100%
- ChevronCVX-100%
- BoeingBA-100%
- YUM BrandsYUM-100%
- Procter & GamblePG-100%
- McDonald'sMCD-100%
- VisaV-100%
- State STR Spdr S&P Midcap 40MDY-100%
- ShellSHEL-100%
- SalesforceCRM-100%
- VeraltoVLTO-100%
- GE VernovaGEV-100%
- Ishares TRITOT-100%
- Waste ConnectionsWCN-100%
- State STR Spdr DOW Jones INDDIA-100%
- Vanguard Index FDSVTV-100%
- Unilever-100%
Holdings
- Ishares TRIWM
- Share
- 12.6%
- Value
- $27m
- Shares
- 112,021
Held
- Vanguard Intl Equity Index FVWO
- Share
- 4.0%
- Value
- $9m
- Shares
- 158,812
Held
- Ishares TREEM
- Share
- 2.7%
- Value
- $6m
- Shares
- 107,516
Held
- Vanguard Index FDSVB
- Share
- 1.4%
- Value
- $3m
- Shares
- 12,076
+28%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 1.4%
- Value
- $3m
- Shares
- 4,502
Held
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.3%
- Value
- $754,200
- Shares
- 1
Held
- Grayscale Bitcoin Trust ETFGBTC
- Share
- 0.2%
- Value
- $362,671
- Shares
- 4,040
Held
- Spdr Gold TRGLD
- Share
- 0.2%
- Value
- $355,470
- Shares
- 1,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRIWM | 12.6% | $27m | 112,021 | Held |
| MicrosoftMSFT | 8.0% | $17m | 33,331 | Held |
| AlphabetGOOGL | 4.5% | $10m | 39,725 | -7% |
| Vanguard Intl Equity Index FVWO | 4.0% | $9m | 158,812 | Held |
| Lam ResearchLRCX | 3.9% | $8m | 62,111 | -5% |
| MastercardMA | 3.5% | $8m | 13,322 | Held |
| LindeLIN | 3.4% | $7m | 15,413 | Held |
| Charles SchwabSCHW | 3.2% | $7m | 72,973 | Held |
| Home DepotHD | 3.2% | $7m | 17,108 | Held |
| Booking HoldingsBKNG | 3.2% | $7m | 1,282 | -2% |
| StrykerSYK | 3.2% | $7m | 18,532 | Held |
| Amazon.comAMZN | 3.1% | $7m | 30,911 | Held |
| AppleAAPL | 3.0% | $7m | 25,646 | Held |
| RTXRTX | 3.0% | $6m | 38,568 | Held |
| Monster BeverageMNST | 2.7% | $6m | 86,511 | Held |
| Meta PlatformsMETA | 2.7% | $6m | 7,842 | -3% |
| Ishares TREEM | 2.7% | $6m | 107,516 | Held |
| Johnson & JohnsonJNJ | 2.6% | $6m | 30,455 | Held |
| Crown HoldingsCCK | 2.6% | $6m | 57,456 | Held |
| Eli LillyLLY | 2.5% | $5m | 7,052 | -2% |
| FiservFISV | 2.2% | $5m | 37,435 | Held |
| DanaherDHR | 2.2% | $5m | 23,579 | Held |
| PepsiCoPEP | 2.1% | $5m | 32,358 | +2% |
| Thermo Fisher ScientificTMO | 2.0% | $4m | 8,876 | Held |
| UnitedHealth GroupUNH | 2.0% | $4m | 12,229 | +3% |
| AdobeADBE | 1.9% | $4m | 11,789 | Held |
| Becton DickinsonBDX | 1.7% | $4m | 19,769 | Held |
| FortiveFTV | 1.4% | $3m | 63,691 | +3% |
| Vanguard Index FDSVB | 1.4% | $3m | 12,076 | +28% |
| State STR Spdr S&P 500 ETF TSPY | 1.4% | $3m | 4,502 | Held |
| PayPal HoldingsPYPL | 1.1% | $2m | 35,259 | Held |
| Glacier BancorpGBCI | 0.6% | $1m | 26,542 | Held |
| Costco WholesaleCOST | 0.5% | $1m | 1,186 | -2% |
| NikeNKE | 0.4% | $801,477 | 11,494 | Held |
| Berkshire Hathaway INC DELBRK-A | 0.3% | $754,200 | 1 | Held |
| AlphabetGOOG | 0.2% | $380,993 | 1,564 | -7% |
| Grayscale Bitcoin Trust ETFGBTC | 0.2% | $362,671 | 4,040 | Held |
| TeslaTSLA | 0.2% | $360,224 | 810 | Held |
| Spdr Gold TRGLD | 0.2% | $355,470 | 1,000 | Held |
| NvidiaNVDA | 0.1% | $313,456 | 1,680 | Held |
| NextEra EnergyNEE | 0.1% | $287,391 | 3,807 | Held |
| Rockwell AutomationROK | 0.1% | $252,361 | 722 | -24% |
| StarbucksSBUX | 0.1% | $250,361 | 2,959 | Held |
Over time and by industry
Value over time
Sep '25
Value is up 3.7% since 30 June 2025.
Where the money is
Technology17.0%
Health care16.1%
Financial services10.7%
Retail & consumer10.2%
Media & telecom7.3%
Materials6.0%
Everyday goods5.3%
Industrials4.6%
Utilities0.1%
Other22.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.