M D SASS INVESTORS SERVICES INC's Q1 2025 13F: 6 new positions, 7 exits
Form 13F-HR for the quarter ended Mar 31, 2025 · filed May 9, 2025 · 32 reported positions · accession 0001172661-25-001624
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | AMPHENOL CORP NEW (APH) | — | 6.0% | +6.0 pts | +1.05M sh | new |
| Exited | CHARLES RIV LABS INTL INC (CRL) | 5.5% | — | −5.5 pts | −392K sh | −100% |
| New | WILLIAMS COS INC (WMB) | — | 5.2% | +5.2 pts | +980K sh | new |
| Exited | MARVELL TECHNOLOGY INC (MRVL) | 5.1% | — | −5.1 pts | −599K sh | −100% |
| Exited | BECTON DICKINSON & CO (BDX) | 4.9% | — | −4.9 pts | −281K sh | −100% |
| New | QUANTA SVCS INC (PWR) | — | 4.6% | +4.6 pts | +207K sh | new |
| Exited | SBA COMMUNICATIONS CORP NEW (SBAC) | 4.5% | — | −4.5 pts | −291K sh | −100% |
| Reduced | CACI INTL INC (CACI) | 4.2% | 0.2% | −4.0 pts | −128K sh | −95% |
| Reduced | VANGUARD INDEX FDS (VOO) | 5.4% | 1.8% | −3.6 pts | −90,188 sh | −69% |
| New | CAPITAL ONE FINL CORP (COF) | — | 3.8% | +3.8 pts | +244K sh | new |
| New | SLM CORP (SLM) | — | 3.3% | +3.3 pts | +1.27M sh | new |
| Reduced | CROWN HLDGS INC (CCK) | 4.3% | 2.2% | −2.0 pts | −391K sh | −58% |
| Increased | DANAHER CORPORATION (DHR) | 2.7% | 5.7% | +2.9 pts | +157K sh | +101% |
| Reduced | ISHARES TR (IWD) | 2.8% | 1.0% | −1.8 pts | −140K sh | −71% |
| Reduced | JABIL INC (JBL) | 4.6% | 3.1% | −1.5 pts | −157K sh | −38% |
| Reduced | API GROUP CORP (APG) | 6.3% | 5.7% | −0.6 pts | −466K sh | −20% |
| Reduced | LIBERTY MEDIA CORP DEL (FWONK) | 4.7% | 4.0% | −0.7 pts | −164K sh | −25% |
| Increased | CLEAN HARBORS INC (CLH) | 4.9% | 6.0% | +1.1 pts | +68,977 sh | +25% |
| Reduced | AON PLC (AON) | 4.7% | 4.9% | +0.2 pts | −30,907 sh | −18% |
| Increased | MARTIN MARIETTA MATLS INC (MLM) | 4.0% | 5.2% | +1.3 pts | +24,198 sh | +24% |
| Increased | EQUITABLE HLDGS INC (EQH) | 2.0% | 3.2% | +1.2 pts | +155K sh | +29% |
| New | ISHARES TR (IWM) | — | 0.7% | +0.7 pts | +40,000 sh | new |
| Reduced | INTERCONTINENTAL EXCHANGE IN (ICE) | 4.6% | 5.5% | +0.9 pts | −43,379 sh | −11% |
| Increased | WELLTOWER INC (WELL) | 3.7% | 5.7% | +2.0 pts | +35,054 sh | +9% |
| Reduced | JPMORGAN CHASE & CO. (JPM) | 2.4% | 2.3% | 0.0 pts | −19,717 sh | −15% |
| Exited | ISHARES TR (HYG) | 0.4% | — | −0.4 pts | −62,650 sh | −100% |
| Exited | NVIDIA CORPORATION (NVDA) | 0.2% | — | −0.2 pts | −19,831 sh | −100% |
| Increased | AMETEK INC (AME) | 5.0% | 5.6% | +0.6 pts | +7,666 sh | +2% |
| Reduced | AMAZON COM INC (AMZN) | 0.7% | 0.6% | −0.1 pts | −6,404 sh | −15% |
| Reduced | CBRE GROUP INC (CBRE) | 3.9% | 4.3% | +0.5 pts | −7,804 sh | −2% |
| Reduced | WALKER & DUNLOP INC (WD) | 2.0% | 1.9% | −0.1 pts | −11,420 sh | −4% |
| Exited | WABTEC (WAB) | 0.1% | — | −0.1 pts | −5,268 sh | −100% |
| Increased | CANADIAN PACIFIC KANSAS CITY (CP) | 4.7% | 5.3% | +0.6 pts | +12,227 sh | +1% |
| Reduced | PALO ALTO NETWORKS INC (PANW) | 0.4% | 0.4% | 0.0 pts | −4,332 sh | −14% |
| Increased | ISHARES TR (ACWX) | 0.2% | 0.3% | +0.1 pts | +12,660 sh | +26% |
| Reduced | MICROSOFT CORP (MSFT) | 0.3% | 0.3% | 0.0 pts | −1,269 sh | −13% |
| Increased | BLUE OWL CAPITAL INC (OWL) | 0.3% | 0.3% | 0.0 pts | +23,052 sh | +15% |
| Increased | SPDR S&P 500 ETF TR (SPY) | 0.5% | 0.5% | +0.1 pts | +760 sh | +7% |
| Reduced | ALPHABET INC (GOOGL) | 0.2% | 0.1% | 0.0 pts | −236 sh | −2% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 55.8% of the equity book
Changes in the top 10 this quarter: APH entered · WELL entered · DHR entered · ICE entered · MLM entered · WMB entered · CRL left · VOO left · MRVL left · BDX left · FWONK left · AON left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMPHENOL CORP NEW (APH) | 0.0% | 6.0% | Entered the top 10 |
| 2 | CLEAN HARBORS INC (CLH) | 4.9% | 6.0% | |
| 3 | API GROUP CORP (APG) | 6.3% | 5.7% | |
| 4 | WELLTOWER INC (WELL) | 3.7% | 5.7% | Entered the top 10 |
| 5 | DANAHER CORPORATION (DHR) | 2.7% | 5.7% | Entered the top 10 |
| 6 | AMETEK INC (AME) | 5.0% | 5.6% | |
| 7 | INTERCONTINENTAL EXCHANGE IN (ICE) | 4.6% | 5.5% | Entered the top 10 |
| 8 | CANADIAN PACIFIC KANSAS CITY (CP) | 4.7% | 5.3% | |
| 9 | MARTIN MARIETTA MATLS INC (MLM) | 4.0% | 5.2% | Entered the top 10 |
| 10 | WILLIAMS COS INC (WMB) | 0.0% | 5.2% | Entered the top 10 |
| — | CHARLES RIV LABS INTL INC (CRL) | 5.5% | 0.0% | Left the top 10 |
| — | VANGUARD INDEX FDS (VOO) | 5.4% | 1.8% | Left the top 10 |
| — | MARVELL TECHNOLOGY INC (MRVL) | 5.1% | 0.0% | Left the top 10 |
| — | BECTON DICKINSON & CO (BDX) | 4.9% | 0.0% | Left the top 10 |
| — | LIBERTY MEDIA CORP DEL (FWONK) | 4.7% | 4.0% | Left the top 10 |
| — | AON PLC (AON) | 4.7% | 4.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | ISHARES TR (HYG) | Put | 400K | 0 | $0 |