# MORGAN DEMPSEY CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1050463. Source: https://holderbook.com/funds/1050463-morgan-dempsey-capital-management-llc/

- Reported value: $233.4M
- Positions: 122
- Weight of the ten largest: 35.5%
- Filed: 2026-08-03

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $10.5M | 114,108 | 4.5% | 15 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $9.0M | 64,124 | 3.8% | 19 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $8.9M | 12,509 | 3.8% | 11 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $8.7M | 75,458 | 3.7% | 9 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $8.6M | 73,393 | 3.7% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.4M | 61,676 | 3.6% | 31 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $7.5M | 64,642 | 3.2% | 10 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $7.3M | 25,939 | 3.1% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $7.1M | 27,812 | 3.0% | 31 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $6.9M | 148,296 | 2.9% | 17 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $6.8M | 62,845 | 2.9% | 26 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $6.6M | 81,153 | 2.8% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $6.5M | 18,483 | 2.8% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $6.4M | 38,597 | 2.7% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $6.2M | 12,207 | 2.7% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $6.2M | 75,035 | 2.7% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $6.1M | 294,433 | 2.6% | 31 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $6.1M | 69,634 | 2.6% | 5 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.8M | 44,625 | 2.5% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $5.5M | 30,150 | 2.4% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.5M | 20,199 | 2.3% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.4M | 39,911 | 2.3% | 16 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $5.3M | 73,953 | 2.3% | 8 |
| VOYA FINANCIAL INC | [VOYA](https://holderbook.com/stocks/VOYA/) | $5.3M | 58,384 | 2.3% | 6 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $5.3M | 41,552 | 2.3% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.2M | 121,911 | 2.2% | 31 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $5.1M | 53,677 | 2.2% | 21 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $5.0M | 22,695 | 2.1% | 4 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $5.0M | 52,236 | 2.1% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $4.9M | 17,834 | 2.1% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $4.8M | 61,417 | 2.1% | 13 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $4.5M | 41,326 | 1.9% | 24 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.3M | 14,267 | 1.8% | 2 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $3.8M | 50,708 | 1.6% | 31 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $3.5M | 34,039 | 1.5% | 9 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $3.0M | 22,297 | 1.3% | 1 |
| VAALCO ENERGY INC | [EGY](https://holderbook.com/stocks/EGY/) | $975.8K | 192,094 | 0.4% | 19 |
| FREQUENCY ELECTRS INC | [FEIM](https://holderbook.com/stocks/FEIM/) | $761.9K | 11,484 | 0.3% | 4 |
| UFP TECHNOLOGIES INC | [UFPT](https://holderbook.com/stocks/UFPT/) | $755.9K | 2,851 | 0.3% | 21 |
| DANAOS CORPORATION | [DAC](https://holderbook.com/stocks/DAC/) | $700.4K | 5,675 | 0.3% | 12 |
| TAT TECHNOLOGIES LTD | [TATT](https://holderbook.com/stocks/TATT/) | $570.8K | 12,091 | 0.2% | 7 |
| ESPEY MFG & ELECTRS CORP | [ESP](https://holderbook.com/stocks/ESP/) | $567.7K | 8,387 | 0.2% | 9 |
| EA SERIES TRUST | [MDLV](https://holderbook.com/stocks/MDLV/) | $553.4K | 18,021 | 0.2% | 13 |
| COHU INC | [COHU](https://holderbook.com/stocks/COHU/) | $478.8K | 6,478 | 0.2% | 31 |
| PRO-DEX INC COLO | [PDEX](https://holderbook.com/stocks/PDEX/) | $393.7K | 6,716 | 0.2% | 5 |
| AMERICAN SUPERCONDUCTOR CORP | [AMSC](https://holderbook.com/stocks/AMSC/) | $366.1K | 8,819 | 0.2% | 2 |
| BK TECHNOLOGIES CORPORATION | [BKTI](https://holderbook.com/stocks/BKTI/) | $347.1K | 4,037 | 0.1% | 11 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $343.9K | 2,412 | 0.1% | 8 |
| HAMILTON INSURANCE GROUP LTD | [HG](https://holderbook.com/stocks/HG/) | $323.8K | 9,541 | 0.1% | 7 |
| SPS COMM INC | [SPSC](https://holderbook.com/stocks/SPSC/) | $315.3K | 5,515 | 0.1% | 1 |
| NORTH AMERN CONSTR GROUP LTD | [NOA](https://holderbook.com/stocks/NOA/) | $314.7K | 23,326 | 0.1% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $280.8K | 375 | 0.1% | 5 |
| SENECA FOODS CORP NEW | [SENEA](https://holderbook.com/stocks/SENEA/) | $271.4K | 1,590 | 0.1% | 21 |
| PHOTRONICS INC | [PLAB](https://holderbook.com/stocks/PLAB/) | $257.3K | 7,910 | 0.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $235.2K | 314 | 0.1% | 6 |
| OPTEX SYS HLDGS INC | [OPXS](https://holderbook.com/stocks/OPXS/) | $230.0K | 16,798 | 0.1% | 4 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $221.5K | 2,080 | 0.1% | 5 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $206.5K | 970 | 0.1% | 8 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $196.8K | 3,937 | 0.1% | 24 |
| TCW ETF TRUST | [GRW](https://holderbook.com/stocks/GRW/) | $176.1K | 5,464 | 0.1% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $170.4K | 160 | 0.1% | 16 |
| ALPS ETF TR | [OUSM](https://holderbook.com/stocks/OUSM/) | $156.4K | 3,291 | 0.1% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $155.2K | 210 | 0.1% | 5 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $152.9K | 631 | 0.1% | 31 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $148.6K | 2,231 | 0.1% | 6 |
| CAPITAL GRP FIXED INCM ETF T | [CGCB](https://holderbook.com/stocks/CGCB/) | $147.2K | 5,622 | 0.1% | 7 |
| LEMAITRE VASCULAR INC | [LMAT](https://holderbook.com/stocks/LMAT/) | $129.4K | 1,348 | 0.1% | 1 |
| COLUMBIA ETF TR I | [DIAL](https://holderbook.com/stocks/DIAL/) | $125.2K | 6,888 | 0.1% | 7 |
| FLEXSHARES TR | [TDTT](https://holderbook.com/stocks/TDTT/) | $117.8K | 4,926 | 0.1% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $105.6K | 365 | 0.0% | 16 |
| MFS ACTIVE EXCHANGE TRADED F | [MFSI](https://holderbook.com/stocks/MFSI/) | $95.9K | 2,954 | 0.0% | 6 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $88.1K | 125 | 0.0% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $85.0K | 228 | 0.0% | 16 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $83.9K | 3,687 | 0.0% | 8 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $76.7K | 1,993 | 0.0% | 7 |
| KIMBALL ELECTRONICS INC | [KE](https://holderbook.com/stocks/KE/) | $66.8K | 2,611 | 0.0% | 31 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $65.1K | 2,536 | 0.0% | 7 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $63.6K | 280 | 0.0% | 5 |
| HARBOR ETF TRUST | [LSEQ](https://holderbook.com/stocks/LSEQ/) | $59.5K | 1,676 | 0.0% | 6 |
| ISHARES INC | [DVYE](https://holderbook.com/stocks/DVYE/) | $59.3K | 1,839 | 0.0% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $55.0K | 400 | 0.0% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $48.0K | 140 | 0.0% | 16 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $44.8K | 480 | 0.0% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $36.2K | 635 | 0.0% | 16 |
| DIREXION SHARES ETF TRUST | [COM](https://holderbook.com/stocks/COM/) | $34.4K | 1,056 | 0.0% | 6 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $32.2K | 545 | 0.0% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $27.6K | 23 | 0.0% | 16 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $26.3K | 19 | 0.0% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $25.2K | 100 | 0.0% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $24.0K | 162 | 0.0% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $23.6K | 396 | 0.0% | 5 |
| MAIN STR CAP CORP | [MAIN](https://holderbook.com/stocks/MAIN/) | $22.6K | 435 | 0.0% | 7 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $16.3K | 172 | 0.0% | 9 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $15.0K | 105 | 0.0% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $14.0K | 145 | 0.0% | 5 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $13.3K | 187 | 0.0% | 3 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $13.3K | 65 | 0.0% | 1 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $11.7K | 75 | 0.0% | 7 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $11.4K | 32 | 0.0% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $10.3K | 11 | 0.0% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +2.7% | +14.8% | -12.1% | 100% |
| Q1 2026 | +7.3% | -4.6% | +12.0% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.1% | 100% |
| Q3 2025 | +4.2% | +7.8% | -3.6% | 100% |
| Q2 2025 | -0.7% | +10.5% | -11.1% | 100% |
| Q1 2025 | +5.9% | -4.6% | +10.4% | 100% |
| Q4 2024 | -5.7% | +2.1% | -7.9% | 100% |
| Q3 2024 | +10.5% | +5.4% | +5.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $233.4M | 122 |
| Q1 2026 | $219.8M | 123 |
| Q4 2025 | $205.6M | 125 |
| Q3 2025 | $225.2M | 131 |
| Q2 2025 | $239.6M | 129 |
| Q1 2025 | $240.1M | 110 |
| Q4 2024 | $248.8M | 104 |
| Q3 2024 | $291.4M | 99 |
| Q2 2024 | $299.9M | 86 |
| Q1 2024 | $312.7M | 86 |
| Q4 2023 | $326.8M | 94 |
| Q3 2023 | $321.3M | 93 |