# STONE RUN CAPITAL, LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1512746. Source: https://holderbook.com/funds/1512746-stone-run-capital-llc/

- Reported value: $253.9M
- Positions: 71
- Weight of the ten largest: 38.3%
- Filed: 2025-11-14

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 |
|---|---|---|---|---|---|
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $11.8M | 95,320 | 4.6% | 23 |
| HEICO CORP NEW | [HEI](https://holderbook.com/stocks/HEI/) | $11.4M | 35,466 | 4.5% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $10.3M | 20,575 | 4.1% | 28 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $10.0M | 31,535 | 3.9% | 28 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $9.7M | 66,400 | 3.8% | 4 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $9.6M | 15,263 | 3.8% | 28 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $8.9M | 32,000 | 3.5% | 28 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $8.8M | 18,061 | 3.5% | 15 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $8.4M | 17,645 | 3.3% | 11 |
| LENNOX INTL INC | [LII](https://holderbook.com/stocks/LII/) | $8.3M | 15,715 | 3.3% | 28 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $8.0M | 16,021 | 3.1% | 28 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $7.0M | 28,330 | 2.8% | 23 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $6.9M | 84,724 | 2.7% | 28 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $6.4M | 18,490 | 2.5% | 28 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $6.3M | 13,012 | 2.5% | 28 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $5.9M | 21,660 | 2.3% | 28 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $5.8M | 43,896 | 2.3% | 28 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $5.7M | 28,335 | 2.2% | 8 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $5.5M | 8,956 | 2.2% | 6 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $5.5M | 70,400 | 2.2% | 28 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $5.4M | 42,853 | 2.1% | 28 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $5.1M | 34,545 | 2.0% | 28 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $5.0M | 25,388 | 2.0% | 28 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $4.9M | 59,440 | 1.9% | 12 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $4.8M | 16,705 | 1.9% | 3 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $4.3M | 78,195 | 1.7% | 28 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.2M | 17,350 | 1.7% | 3 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $4.2M | 18,315 | 1.6% | 11 |
| GARTNER INC | [IT](https://holderbook.com/stocks/IT/) | $4.1M | 15,602 | 1.6% | 28 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $4.0M | 21,139 | 1.6% | 28 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $4.0M | 59,050 | 1.6% | 28 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $3.7M | 7,498 | 1.5% | 6 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $3.7M | 28,625 | 1.5% | 28 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $3.7M | 39,830 | 1.5% | 5 |
| REVVITY INC | [RVTY](https://holderbook.com/stocks/RVTY/) | $3.4M | 39,283 | 1.4% | 28 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $2.8M | 20,450 | 1.1% | 7 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.7M | 13,500 | 1.1% | 21 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $2.2M | 20,824 | 0.9% | 8 |
| PTC INC | [PTC](https://holderbook.com/stocks/PTC/) | $1.9M | 9,230 | 0.7% | 28 |
| EPAM SYS INC | [EPAM](https://holderbook.com/stocks/EPAM/) | $1.8M | 12,140 | 0.7% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.8M | 6,980 | 0.7% | 28 |
| AXOGEN INC | [AXGN](https://holderbook.com/stocks/AXGN/) | $1.7M | 94,526 | 0.7% | 8 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $1.6M | 22,300 | 0.6% | 3 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $1.6M | 48,930 | 0.6% | 28 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $1.3M | 15,650 | 0.5% | 8 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.1M | 2,500 | 0.4% | 28 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $856.7K | 3,700 | 0.3% | 28 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $650.0K | 4,189 | 0.3% | 28 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $597.9K | 3,573 | 0.2% | 22 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $508.5K | 1,950 | 0.2% | 28 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $442.0K | 3,300 | 0.2% | 28 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $411.7K | 8,404 | 0.2% | 28 |
| WOODWARD INC | [WWD](https://holderbook.com/stocks/WWD/) | $379.1K | 1,500 | 0.1% | 8 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $332.0K | 4,550 | 0.1% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $309.7K | 1,670 | 0.1% | 28 |
| RALLIANT CORP | [RAL](https://holderbook.com/stocks/RAL/) | $306.8K | 7,016 | 0.1% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $286.3K | 600 | 0.1% | 2 |
| MIDDLEBY CORP | [MIDD](https://holderbook.com/stocks/MIDD/) | $277.2K | 2,085 | 0.1% | 12 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $273.5K | 900 | 0.1% | 28 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $273.5K | 2,900 | 0.1% | 28 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $263.3K | 1,428 | 0.1% | 2 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $259.1K | 950 | 0.1% | 28 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $258.0K | 1,620 | 0.1% | 2 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $254.0K | 900 | 0.1% | 28 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $227.9K | 3,060 | 0.1% | 8 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $224.9K | 2,500 | 0.1% | 1 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $213.5K | 5,191 | 0.1% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $212.9K | 708 | 0.1% | 1 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $209.3K | 636 | 0.1% | 2 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $201.0K | 2,810 | 0.1% | 1 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $200.6K | 1,621 | 0.1% | 1 |

## 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 |
|---|---|---|---|---|
| Q3 2025 | +4.1% | +7.8% | -3.8% | 100% |
| Q2 2025 | +5.3% | +10.5% | -5.2% | 100% |
| Q1 2025 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.8% | 100% |
| Q3 2024 | +9.2% | +5.4% | +3.7% | 100% |
| Q2 2024 | -2.3% | +4.0% | -6.4% | 100% |
| Q1 2024 | +8.0% | +10.0% | -2.1% | 100% |
| Q4 2023 | +11.5% | +11.2% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $253.9M | 71 |
| Q2 2025 | $250.1M | 68 |
| Q1 2025 | $237.3M | 66 |
| Q4 2024 | $254.5M | 68 |
| Q3 2024 | $268.6M | 70 |
| Q2 2024 | $250.4M | 65 |
| Q1 2024 | $261.7M | 66 |
| Q4 2023 | $233.4M | 65 |
| Q3 2023 | $204.0M | 57 |
| Q2 2023 | $225.1M | 57 |
| Q1 2023 | $209.2M | 57 |
| Q4 2022 | $197.9M | 58 |