# Poplar Forest Capital LLC

> Institutional holdings reported to the SEC as of Q1 2025 on Form 13F. CIK 1454949. Source: https://holderbook.com/funds/1454949-poplar-forest-capital-llc/

- Reported value: $562.6M
- Positions: 52
- Weight of the ten largest: 48.6%
- Filed: 2025-05-06

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 |
|---|---|---|---|---|---|
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $31.9M | 1,127,058 | 5.7% | 24 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $31.4M | 463,096 | 5.6% | 24 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $30.2M | 381,605 | 5.4% | 18 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $30.2M | 145,777 | 5.4% | 16 |
| EQUITABLE HLDGS INC | [EQH](https://holderbook.com/stocks/EQH/) | $27.4M | 526,779 | 4.9% | 21 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $25.8M | 403,572 | 4.6% | 9 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $24.9M | 443,320 | 4.4% | 7 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $24.8M | 89,253 | 4.4% | 26 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $23.9M | 142,848 | 4.2% | 18 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $22.8M | 747,760 | 4.0% | 4 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $22.5M | 317,335 | 4.0% | 18 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $22.1M | 89,015 | 3.9% | 26 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $18.4M | 59,833 | 3.3% | 17 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $17.1M | 143,302 | 3.0% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $15.6M | 64,046 | 2.8% | 13 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $15.2M | 155,002 | 2.7% | 3 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $14.3M | 409,702 | 2.5% | 10 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $14.2M | 200,987 | 2.5% | 26 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.1M | 157,617 | 2.5% | 26 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $13.3M | 364,787 | 2.4% | 26 |
| VISHAY INTERTECHNOLOGY INC | [VSH](https://holderbook.com/stocks/VSH/) | $12.9M | 810,826 | 2.3% | 4 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $12.7M | 169,525 | 2.3% | 15 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $11.8M | 304,496 | 2.1% | 15 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $11.6M | 510,234 | 2.1% | 10 |
| MURPHY OIL CORP | [MUR](https://holderbook.com/stocks/MUR/) | $11.3M | 397,174 | 2.0% | 22 |
| SENSATA TECHNOLOGIES HLDG PL | [ST](https://holderbook.com/stocks/ST/) | $10.7M | 442,173 | 1.9% | 7 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $9.7M | 75,582 | 1.7% | 6 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $5.9M | 18,019 | 1.0% | 3 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $5.7M | 15,561 | 1.0% | 1 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $5.3M | 19,938 | 0.9% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.1M | 23,849 | 0.7% | 26 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.0M | 14,513 | 0.5% | 26 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.4M | 14,234 | 0.4% | 26 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.8M | 13,546 | 0.3% | 26 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.7M | 11,720 | 0.3% | 26 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.7M | 15,460 | 0.3% | 26 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.5M | 23,989 | 0.3% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.1M | 5,067 | 0.2% | 23 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.0M | 1,836 | 0.2% | 26 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $971.7K | 4,871 | 0.2% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $916.9K | 6,115 | 0.2% | 26 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $903.1K | 11,794 | 0.2% | 24 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $709.3K | 5,073 | 0.1% | 26 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $692.2K | 1,844 | 0.1% | 26 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $473.1K | 25,450 | 0.1% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $472.9K | 500 | 0.1% | 15 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $343.5K | 7,589 | 0.1% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $319.5K | 4,047 | 0.1% | 10 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $280.6K | 546 | 0.0% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $224.5K | 5,380 | 0.0% | 5 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $220.8K | 731 | 0.0% | 3 |
| FLAHERTY & CRUMRINE PFD INCO | [PFD](https://holderbook.com/stocks/PFD/) | $173.1K | 15,425 | 0.0% | 9 |

## 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 |
|---|---|---|---|---|
| Q1 2025 | +5.4% | -4.6% | +9.9% | 100% |
| Q4 2024 | -2.5% | +2.1% | -4.7% | 100% |
| Q3 2024 | +3.2% | +5.4% | -2.2% | 100% |
| Q2 2024 | -3.7% | +4.0% | -7.7% | 100% |
| Q1 2024 | +9.3% | +10.0% | -0.7% | 100% |
| Q4 2023 | +11.3% | +11.2% | +0.1% | 100% |
| Q3 2023 | -3.3% | -3.6% | +0.2% | 100% |
| Q2 2023 | -1.1% | +8.3% | -9.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2025 | $562.6M | 52 |
| Q4 2024 | $543.5M | 54 |
| Q3 2024 | $734.4M | 54 |
| Q2 2024 | $716.2M | 54 |
| Q1 2024 | $744.5M | 53 |
| Q4 2023 | $688.4M | 52 |
| Q3 2023 | $861.8M | 53 |
| Q2 2023 | $764.2M | 52 |
| Q1 2023 | $839.1M | 62 |
| Q4 2022 | $829.6M | 61 |
| Q3 2022 | $784.5M | 51 |
| Q2 2022 | $871.2M | 53 |