# SPRING CAPITAL MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1899146. Source: https://holderbook.com/funds/1899146-spring-capital-management-llc/

- Reported value: $208.4M
- Positions: 56
- Weight of the ten largest: 53.3%
- Filed: 2026-10-09

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $19.8M | 59,512 | 9.5% | 20 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $13.5M | 31,336 | 6.5% | 20 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $12.3M | 18,270 | 5.9% | 20 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $11.7M | 44,008 | 5.6% | 20 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $10.6M | 57,803 | 5.1% | 20 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $9.8M | 7,881 | 4.7% | 20 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $9.0M | 86,910 | 4.3% | 20 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $8.7M | 24,101 | 4.2% | 20 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $8.3M | 60,246 | 4.0% | 20 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.4M | 36,098 | 3.5% | 20 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $6.4M | 104,778 | 3.1% | 20 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $6.3M | 26,685 | 3.0% | 14 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $6.1M | 23,682 | 2.9% | 20 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $6.1M | 80,625 | 2.9% | 20 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $6.1M | 8,020 | 2.9% | 1 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $5.6M | 20,165 | 2.7% | 20 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $4.8M | 49,767 | 2.3% | 20 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.7M | 20,619 | 2.3% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $4.6M | 19,891 | 2.2% | 20 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $4.3M | 33,584 | 2.0% | 20 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $4.2M | 91,523 | 2.0% | 20 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $3.7M | 42,915 | 1.8% | 7 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $3.7M | 11,340 | 1.8% | 7 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $3.3M | 72,061 | 1.6% | 20 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 4,004 | 1.5% | 20 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $2.9M | 18,073 | 1.4% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.1M | 4,171 | 1.0% | 8 |
| MATADOR RES CO | [MTDR](https://holderbook.com/stocks/MTDR/) | $2.0M | 39,080 | 1.0% | 20 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.6M | 3,240 | 0.8% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.6M | 4,670 | 0.8% | 7 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $1.6M | 15,189 | 0.8% | 7 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $1.3M | 17,182 | 0.6% | 7 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $1.1M | 18,490 | 0.5% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $956.4K | 17,571 | 0.5% | 15 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $908.1K | 1,120 | 0.4% | 16 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $764.6K | 4,160 | 0.4% | 7 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $690.4K | 3,691 | 0.3% | 7 |
|  | - | $667.2K | 7,824 | 0.3% | 1 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $573.3K | 29,000 | 0.3% | 8 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $563.2K | 18,000 | 0.3% | 8 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $538.0K | 1,000 | 0.3% | 2 |
| TRINITY INDS INC | [TRN](https://holderbook.com/stocks/TRN/) | $459.7K | 18,000 | 0.2% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $446.5K | 1,792 | 0.2% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $362.1K | 340 | 0.2% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $356.5K | 1,015 | 0.2% | 6 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $352.7K | 1,335 | 0.2% | 2 |
| COMMERCIAL METALS CO | [CMC](https://holderbook.com/stocks/CMC/) | $310.5K | 5,000 | 0.1% | 8 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $303.9K | 1,066 | 0.1% | 7 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $302.5K | 765 | 0.1% | 1 |
| USA COMPRESSION PARTNERS LP | [USAC](https://holderbook.com/stocks/USAC/) | $298.4K | 12,000 | 0.1% | 8 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $262.7K | 496 | 0.1% | 2 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $240.4K | 5,000 | 0.1% | 8 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $213.8K | 863 | 0.1% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $211.2K | 2,638 | 0.1% | 6 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $206.9K | 1,000 | 0.1% | 2 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $166.1K | 13,650 | 0.1% | 2 |

## 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% | -12.2% | 100% |
| Q1 2026 | +2.8% | -4.6% | +7.4% | 100% |
| Q4 2025 | -3.4% | +2.4% | -5.8% | 100% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 100% |
| Q2 2025 | +3.4% | +10.5% | -7.1% | 100% |
| Q1 2025 | +0.2% | -4.6% | +4.7% | 100% |
| Q4 2024 | -1.1% | +2.1% | -3.2% | 119% |
| Q3 2024 | +9.1% | +5.4% | +3.7% | 108% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $208.4M | 56 |
| Q2 2026 | $205.3M | 55 |
| Q1 2026 | $197.8M | 49 |
| Q4 2025 | $197.5M | 49 |
| Q3 2025 | $204.2M | 49 |
| Q2 2025 | $189.7M | 51 |
| Q1 2025 | $183.2M | 50 |
| Q4 2024 | $167.5M | 45 |
| Q3 2024 | $123.3M | 27 |
| Q2 2024 | $126.7M | 27 |
| Q1 2024 | $132.7M | 32 |
| Q4 2023 | $127.5M | 28 |