# Applied Capital LLC/FL

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1965393. Source: https://holderbook.com/funds/1965393-applied-capital-llc-fl/

- Reported value: $251.6M
- Positions: 93
- Weight of the ten largest: 58.4%
- Filed: 2026-10-07

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $101.3M | 0 | 40.2% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $8.6M | 25,121 | 3.4% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.0M | 13,690 | 2.8% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.9M | 8,181 | 2.4% | 16 |
| PENSKE AUTOMOTIVE GRP INC | [PAG](https://holderbook.com/stocks/PAG/) | $5.5M | 27,312 | 2.2% | 16 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $5.4M | 15,070 | 2.1% | 16 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $3.5M | 18,204 | 1.4% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.4M | 9,428 | 1.3% | 16 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.3M | 5,973 | 1.3% | 16 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.2M | 9,783 | 1.3% | 16 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $3.2M | 16,197 | 1.3% | 16 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $3.0M | 85,199 | 1.2% | 14 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.9M | 11,036 | 1.2% | 16 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $2.9M | 31,253 | 1.1% | 16 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $2.8M | 49,415 | 1.1% | 8 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.8M | 9,085 | 1.1% | 16 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $2.7M | 24,872 | 1.1% | 16 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $2.7M | 23,021 | 1.1% | 16 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $2.5M | 5,615 | 1.0% | 16 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.4M | 6,522 | 1.0% | 16 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.4M | 29,497 | 0.9% | 16 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $2.2M | 7,362 | 0.9% | 16 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $2.2M | 59,545 | 0.9% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.1M | 8,334 | 0.8% | 5 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.0M | 7,804 | 0.8% | 16 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $2.0M | 29,159 | 0.8% | 16 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $2.0M | 38,935 | 0.8% | 16 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.9M | 28,221 | 0.8% | 16 |
| CINCINNATI FINL CORP | [CINF](https://holderbook.com/stocks/CINF/) | $1.8M | 11,500 | 0.7% | 16 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $1.8M | 6,929 | 0.7% | 16 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $1.8M | 7,902 | 0.7% | 4 |
| FEDERAL AGRIC MTG CORP | [AGM](https://holderbook.com/stocks/AGM/) | $1.7M | 8,251 | 0.7% | 11 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.7M | 29,496 | 0.7% | 16 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $1.7M | 13,369 | 0.7% | 16 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.6M | 10,924 | 0.6% | 16 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.6M | 8,495 | 0.6% | 16 |
| SL GREEN RLTY CORP | [SLG](https://holderbook.com/stocks/SLG/) | $1.6M | 32,162 | 0.6% | 4 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $1.5M | 32,885 | 0.6% | 12 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.5M | 4,609 | 0.6% | 16 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.5M | 8,853 | 0.6% | 16 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.4M | 7,655 | 0.6% | 16 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $1.4M | 30,302 | 0.6% | 16 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $1.4M | 25,392 | 0.5% | 16 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $1.4M | 9,422 | 0.5% | 3 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.3M | 3,944 | 0.5% | 16 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.3M | 4,991 | 0.5% | 16 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $1.3M | 23,598 | 0.5% | 16 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.2M | 4,368 | 0.5% | 14 |
| AMERICAN FINANCIAL GROUP INC | [AFG](https://holderbook.com/stocks/AFG/) | $1.2M | 8,498 | 0.5% | 7 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $1.1M | 28,858 | 0.4% | 16 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $1.1M | 16,228 | 0.4% | 10 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.0M | 6,172 | 0.4% | 11 |
| MOBILITY GLOBAL INC | [MBGL](https://holderbook.com/stocks/MBGL/) | $1.0M | 58,833 | 0.4% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $994.9K | 4,872 | 0.4% | 6 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $975.8K | 4,121 | 0.4% | 16 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $971.7K | 780 | 0.4% | 16 |
| MURPHY USA INC | [MUSA](https://holderbook.com/stocks/MUSA/) | $970.8K | 1,926 | 0.4% | 9 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $918.5K | 9,325 | 0.4% | 4 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $915.2K | 14,161 | 0.4% | 9 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $914.3K | 22,245 | 0.4% | 2 |
|  | - | $914.0K | 10,719 | 0.4% | 1 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $853.7K | 3,558 | 0.3% | 16 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $847.8K | 9,570 | 0.3% | 16 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $843.2K | 10,184 | 0.3% | 4 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $811.1K | 2,942 | 0.3% | 3 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $782.8K | 13,886 | 0.3% | 16 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $773.4K | 5,087 | 0.3% | 16 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $735.4K | 7,870 | 0.3% | 16 |
| AGREE RLTY CORP | [ADC](https://holderbook.com/stocks/ADC/) | $727.7K | 10,892 | 0.3% | 14 |
| CIRCLE INTERNET GROUP INC | [CRCL](https://holderbook.com/stocks/CRCL/) | $712.6K | 8,672 | 0.3% | 5 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $673.8K | 6,458 | 0.3% | 16 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $646.9K | 3,975 | 0.3% | 1 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $631.6K | 20,949 | 0.3% | 7 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $622.0K | 3,475 | 0.2% | 2 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $566.1K | 4,808 | 0.2% | 4 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $510.1K | 1,293 | 0.2% | 16 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $498.4K | 3,849 | 0.2% | 12 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $494.7K | 3,810 | 0.2% | 7 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $490.2K | 5,396 | 0.2% | 16 |
| NNN REIT INC | [NNN](https://holderbook.com/stocks/NNN/) | $475.0K | 11,560 | 0.2% | 3 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $471.7K | 5,466 | 0.2% | 16 |
| BLOCK H & R INC | [HRB](https://holderbook.com/stocks/HRB/) | $437.6K | 10,712 | 0.2% | 1 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $414.1K | 2,467 | 0.2% | 1 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $381.7K | 3,210 | 0.2% | 11 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $349.5K | 12,812 | 0.1% | 11 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $329.8K | 6,278 | 0.1% | 16 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $327.5K | 1,476 | 0.1% | 16 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $270.0K | 4,960 | 0.1% | 8 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $255.7K | 1,175 | 0.1% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $251.2K | 730 | 0.1% | 4 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $203.2K | 1,215 | 0.1% | 2 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $150.5K | 12,900 | 0.1% | 4 |
| FLOWERS FOODS INC | [FLO](https://holderbook.com/stocks/FLO/) | $58.0K | 10,450 | 0.0% | 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 |
|---|---|---|---|---|
| Q2 2026 | +7.4% | +14.8% | -7.4% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | +3.3% | +2.4% | +0.9% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +5.8% | +10.5% | -4.6% | 100% |
| Q1 2025 | +0.9% | -4.6% | +5.4% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.4% | 100% |
| Q3 2024 | +10.4% | +5.4% | +5.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $251.6M | 93 |
| Q2 2026 | $246.2M | 93 |
| Q1 2026 | $211.8M | 92 |
| Q4 2025 | $168.8M | 91 |
| Q3 2025 | $162.1M | 85 |
| Q2 2025 | $137.7M | 84 |
| Q1 2025 | $127.2M | 86 |
| Q4 2024 | $129.0M | 88 |
| Q3 2024 | $128.3M | 84 |
| Q2 2024 | $114.5M | 78 |
| Q1 2024 | $122.8M | 83 |
| Q4 2023 | $108.9M | 77 |