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Livermore
Livermore
ZHEN

Parthenon LLC

SEC CIK
0001088859
Latest filing
Jul 23, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Jan 23, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
131
+2 vs. Q3 2025
Portfolio value
$926.7M
+$24.2M (+2.7%) vs. Q3 2025
Filed
Jan 23, 2026
SEC
Holdings of Parthenon LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock227,469$110.0M11.9%−4,987−2.1%ReducedHistory
BRK.BBerkshire Hathaway IncStock138,619$69.7M7.5%+418+0.3%AddedHistory
GOOGLAlphabet Inc.Stock159,113$49.8M5.4%−1,529−1.0%ReducedHistory
METAMeta Platforms, Inc.Stock68,540$45.2M4.9%−935−1.3%ReducedHistory
GOOGAlphabet Inc.Stock117,331$36.8M4.0%−10,035−7.9%ReducedHistory
AAPLApple Inc.Stock128,855$35.0M3.8%−2,614−2.0%ReducedHistory
PAYXPaychex IncStock244,890$27.5M3.0%−1,914−0.8%ReducedHistory
WMTWalmart Inc.Stock227,862$25.4M2.7%+609+0.3%AddedHistory
JNJJohnson & JohnsonStock122,312$25.3M2.7%−1,152−0.9%ReducedHistory
AXPAmerican Express CoStock67,410$24.9M2.7%−1,078−1.6%ReducedHistory
FASTFastenal CoStock544,840$21.9M2.4%+2,024+0.4%AddedHistory
XOMExxonMobil Holdings CorpCOM175,841$21.2M2.3%−1,236−0.7%ReducedHistory
DOVDOVER CorpCOM105,296$20.6M2.2%−967−0.9%ReducedHistory
GLWCorning IncCOM230,650$20.2M2.2%−1,993−0.9%ReducedHistory
PGProcter & Gamble CoStock135,205$19.4M2.1%−2,547−1.8%ReducedHistory
BKNGBooking Holdings Inc.Stock3,467$18.6M2.0%−52−1.5%ReducedHistory
MRKMerck & Co., Inc.Stock153,741$16.2M1.7%−421−0.3%ReducedHistory
CRMSalesforce, Inc.Stock57,805$15.3M1.7%+57,805NewHistory
CSCOCisco Systems, Inc.Stock198,089$15.3M1.6%−544−0.3%ReducedHistory
PEPPepsiCo IncStock100,965$14.5M1.6%−685−0.7%ReducedHistory
ICLRIcon PLCCOM79,203$14.4M1.6%−582−0.7%ReducedHistory
JPMJPMorgan Chase & CoStock42,460$13.7M1.5%−900−2.1%ReducedHistory
SCHWSchwab Charles CorpStock133,820$13.4M1.4%−2,068−1.5%ReducedHistory
SYKStryker CorpStock37,235$13.1M1.4%−297−0.8%ReducedHistory
WATWaters CorpCOM29,098$11.1M1.2%−1,163−3.8%ReducedHistory
YETIYETI Holdings, Inc.COM219,930$9.71M1.0%−1,912−0.9%ReducedHistory
LSTRLandstar System IncCOM66,964$9.62M1.0%−913−1.3%ReducedHistory
CVSCVS Health CorpStock114,836$9.11M1.0%−5,009−4.2%ReducedHistory
Vanguard S&P 500 ETF922908363ETF14,480$9.08M1.0%−660−4.4%Reduced–
BATRKAtlanta Braves Holdings, Inc.COM SER C223,665$8.82M1.0%+53,321+31.3%AddedHistory
DISWalt Disney CoStock73,766$8.39M0.9%−393−0.5%ReducedHistory
CHDNChurchill Downs IncCOM73,086$8.32M0.9%00.0%UnchangedHistory
HDHome Depot, Inc.Stock23,098$7.95M0.9%−50.0%ReducedHistory
MDLZMondelez International, Inc.Stock140,009$7.54M0.8%−23,225−14.2%ReducedHistory
PNCPNC Financial Services Group, Inc.Stock33,424$6.98M0.8%00.0%UnchangedHistory
GEGeneral Electric CoStock22,392$6.90M0.7%−161−0.7%ReducedHistory
iShares Core S&P Small Cap ETF464287804ETF55,967$6.73M0.7%+85+0.2%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF117,033$6.29M0.7%−1,185−1.0%Reduced–
MDTMedtronic plcStock61,638$5.92M0.6%−10,331−14.4%ReducedHistory
Vanguard Ftse Developed Markets ETF921943858ETF81,775$5.11M0.6%−3,496−4.1%Reduced–
PMPhilip Morris International Inc.Stock29,490$4.73M0.5%00.0%UnchangedHistory
LLYEli Lilly & CoStock4,256$4.57M0.5%−46−1.1%ReducedHistory
BRK.ABerkshire Hathaway IncCL A6$4.53M0.5%00.0%UnchangedHistory
KOCoca Cola CoStock62,034$4.34M0.5%00.0%UnchangedHistory
HSYHershey CoCOM23,565$4.29M0.5%−675−2.8%ReducedHistory
MCDMcDonalds CorpStock12,965$3.96M0.4%−1,500−10.4%ReducedHistory
ABBVAbbVie Inc.Stock15,367$3.51M0.4%00.0%UnchangedHistory
CLARClarus CorpCOM1,005,364$3.37M0.4%+285,124+39.6%AddedHistory
TPBTurning Point Brands, Inc.COM30,770$3.34M0.4%00.0%UnchangedHistory
NVDANVIDIA CorpStock16,648$3.10M0.3%−2,000−10.7%ReducedHistory
SJMJ M SMUCKER CoStock31,643$3.09M0.3%−1,085−3.3%ReducedHistory
Vanguard Intl Equity Index F922042866FTSE PACIFIC ETF32,993$2.98M0.3%00.0%Unchanged–
MOAltria Group, Inc.Stock49,788$2.87M0.3%00.0%UnchangedHistory
BF.BBrown Forman CorpStock105,035$2.74M0.3%00.0%UnchangedHistory
ABTAbbott LaboratoriesStock21,732$2.72M0.3%00.0%UnchangedHistory
GEVGE Vernova Inc.Stock3,842$2.51M0.3%−13−0.3%ReducedHistory
CLColgate Palmolive CoStock27,486$2.17M0.2%00.0%UnchangedHistory
iShares Core S&P 500 ETF464287200ETF2,850$1.95M0.2%−37−1.3%Reduced–
Vanguard Intl Equity Index F922042874FTSE EUROPE ETF22,400$1.87M0.2%00.0%Unchanged–
IBMInternational Business Machines CorpStock6,274$1.86M0.2%−1,134−15.3%ReducedHistory
NKENIKE, Inc.Stock28,919$1.84M0.2%−2,790−8.8%ReducedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF5,407$1.81M0.2%−185−3.3%Reduced–
CVXChevron CorpStock11,659$1.78M0.2%−60−0.5%ReducedHistory
SMGScotts Miracle-Gro CoStock28,935$1.69M0.2%−1,320−4.4%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF2,204$1.50M0.2%00.0%UnchangedHistory
RELLRichardson Electronics, Ltd.COM134,316$1.46M0.2%00.0%UnchangedHistory
TFXTeleflex IncCOM11,808$1.44M0.2%00.0%UnchangedHistory
ORCLOracle CorpStock7,073$1.38M0.1%00.0%UnchangedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF16,928$1.25M0.1%−400−2.3%Reduced–
MMM3M CoStock7,661$1.23M0.1%−376−4.7%ReducedHistory
ADPAutomatic Data Processing IncStock4,700$1.21M0.1%00.0%UnchangedHistory
ZTSZoetis Inc.Stock9,451$1.19M0.1%−34−0.4%ReducedHistory
iShares Russell 2000 ETF464287655ETF4,797$1.18M0.1%+50+1.1%Added–
KVUEKenvue Inc.Stock68,450$1.18M0.1%−15,796−18.7%ReducedHistory
RSSSResearch Solutions, Inc.COM392,284$1.15M0.1%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock1,303$1.12M0.1%00.0%UnchangedHistory
PFEPfizer IncStock45,028$1.12M0.1%−4,752−9.5%ReducedHistory
THRYThryv Holdings, Inc.COM NEW184,717$1.12M0.1%+34,044+22.6%AddedHistory
BSXBoston Scientific CorpStock10,509$1.00M0.1%00.0%UnchangedHistory
COHRCoherent Corp.COM4,900$904.4K0.1%−140−2.8%ReducedHistory
iShares Russell Midcap ETF464287499ETF9,323$897.5K0.1%00.0%Unchanged–
YUMYum Brands IncStock5,604$847.8K0.1%00.0%UnchangedHistory
INTUIntuit Inc.Stock1,275$844.6K0.1%−400−23.9%ReducedHistory
iShares Tr464287622RUS 1000 ETF1,980$739.4K0.1%00.0%Unchanged–
LOWLowes Companies IncStock2,971$716.5K0.1%00.0%UnchangedHistory
MAMastercard IncStock1,243$709.6K0.1%00.0%UnchangedHistory
MSIMotorola Solutions, Inc.Stock1,707$654.5K0.1%00.0%UnchangedHistory
iShares S&P 500 Growth ETF464287309ETF5,136$633.1K0.1%00.0%Unchanged–
VVisa Inc.Stock1,663$583.2K0.1%00.0%UnchangedHistory
iShares MSCI USA Min Vol Factor ETF46429B697ETF6,174$581.3K0.1%00.0%Unchanged–
WMWaste Management IncStock2,538$557.6K0.1%00.0%UnchangedHistory
STXSeagate Technology Holdings plcORD SHS2,000$550.8K0.1%+2,000NewHistory
AMZNAmazon Com IncStock2,265$522.8K0.1%−125−5.2%ReducedHistory
CINFCincinnati Financial CorpCOM3,000$490.0K0.1%00.0%UnchangedHistory
JCTCJewett Cameron Trading Co LtdCOM NEW217,053$488.4K0.1%00.0%UnchangedHistory
BF.ABrown Forman CorpCL A18,200$478.8K0.1%00.0%UnchangedHistory
JBLJabil IncStock2,000$456.0K<0.1%00.0%UnchangedHistory
LRCXLam Research CorpStock2,660$455.3K<0.1%00.0%UnchangedHistory
ETNEaton Corp plcStock1,425$453.9K<0.1%00.0%UnchangedHistory
TFCTruist Financial CorpCOM9,112$448.4K<0.1%00.0%UnchangedHistory

Sold out since Q3 2025 (4)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Parthenon LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
KMBKimberly Clark CorpStock1,783$221.7K<0.1%History
GEHCGE HealthCare Technologies Inc.Stock2,877$216.0K<0.1%History
BLKBlackRock, Inc.Stock184$214.5K<0.1%History
DDDuPont de Nemours, Inc.COM2,621$204.2K<0.1%History