# CAPITAL & PLANNING, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2053750. Source: https://holderbook.com/funds/2053750-capital-planning-llc/

- Reported value: $193.7M
- Positions: 45
- Weight of the ten largest: 69.6%
- Filed: 2026-09-02

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $26.5M | 74,285 | 13.7% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $18.7M | 78,295 | 9.6% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $16.6M | 44,584 | 8.6% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $14.4M | 42,000 | 7.4% | 7 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $14.4M | 150,547 | 7.4% | 7 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.5M | 11,273 | 7.0% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.4M | 29,050 | 4.3% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $7.5M | 24,996 | 3.8% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $7.4M | 6,983 | 3.8% | 2 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $7.4M | 58,318 | 3.8% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.9M | 21,910 | 3.1% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.6M | 27,853 | 2.9% | 2 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $5.3M | 54,772 | 2.7% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $4.8M | 32,762 | 2.5% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.4M | 7,766 | 2.3% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $4.1M | 57,215 | 2.1% | 2 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $3.9M | 10,977 | 2.0% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $2.5M | 11,047 | 1.3% | 2 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.4M | 31,832 | 1.2% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.8M | 3,487 | 0.9% | 2 |
| NUVEEN AMT FREE QLTY MUN INC | [NEA](https://holderbook.com/stocks/NEA/) | $1.6M | 132,325 | 0.8% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.5M | 3,492 | 0.7% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.4M | 12,260 | 0.7% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.3M | 9,629 | 0.7% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.1M | 2,403 | 0.6% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 3,042 | 0.6% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $886.8K | 4,022 | 0.5% | 2 |
| PRINCIPAL EXCHANGE TRADED FD | [PREF](https://holderbook.com/stocks/PREF/) | $759.7K | 39,860 | 0.4% | 2 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $708.6K | 5,075 | 0.4% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $698.5K | 605 | 0.4% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $694.0K | 2,733 | 0.4% | 2 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $684.3K | 6,824 | 0.4% | 2 |
| PACER FDS TR | [PTLC](https://holderbook.com/stocks/PTLC/) | $627.9K | 10,778 | 0.3% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $596.0K | 2,907 | 0.3% | 2 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $582.3K | 3,408 | 0.3% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $576.2K | 2,207 | 0.3% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $547.2K | 1,301 | 0.3% | 2 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $486.0K | 16,515 | 0.3% | 1 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $409.6K | 1,649 | 0.2% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $399.1K | 687 | 0.2% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $394.0K | 1,600 | 0.2% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $314.5K | 890 | 0.2% | 2 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $300.4K | 1,879 | 0.2% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $283.6K | 3,490 | 0.1% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $277.7K | 1,895 | 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 | +11.5% | +14.8% | -3.4% | 100% |
| Q1 2026 | -10.9% | -4.6% | -6.2% | 100% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +6.8% | +10.5% | -3.6% | 100% |
| Q1 2025 | -2.0% | -4.6% | +2.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $193.7M | 45 |
| Q1 2026 | $164.8M | 172 |
| Q4 2025 | $21.6M | 9 |
| Q3 2025 | $161.9M | 39 |
| Q2 2025 | $147.3M | 36 |
| Q1 2025 | $134.7M | 34 |
| Q4 2024 | $136.8M | 192 |