# Henshaw Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2131483. Source: https://holderbook.com/funds/2131483-henshaw-capital-llc/

- Reported value: $3.1B
- Positions: 160
- Weight of the ten largest: 39.8%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $206.9M | 1,034,047 | 6.7% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $182.8M | 631,639 | 5.9% | 42 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $140.5M | 117,176 | 4.6% | 42 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $123.8M | 171,300 | 4.0% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $108.9M | 332,564 | 3.5% | 42 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $100.1M | 280,000 | 3.3% | 42 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $99.2M | 280,740 | 3.2% | 42 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $92.7M | 248,000 | 3.0% | 20 |
| ISHARES INC | [EUSA](https://holderbook.com/stocks/EUSA/) | $88.2M | 772,000 | 2.9% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $81.0M | 237,620 | 2.6% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $77.6M | 325,629 | 2.5% | 42 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $72.8M | 62,000 | 2.4% | 9 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $71.0M | 238,382 | 2.3% | 15 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $70.7M | 582,050 | 2.3% | 26 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $69.1M | 185,313 | 2.2% | 42 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $66.5M | 587,385 | 2.2% | 42 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $65.0M | 115,400 | 2.1% | 42 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $63.5M | 66,015 | 2.1% | 7 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $51.3M | 73,000 | 1.7% | 42 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $49.6M | 592,813 | 1.6% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $48.1M | 352,025 | 1.6% | 26 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $46.8M | 43,975 | 1.5% | 8 |
| GLOBAL X FDS | [SHLD](https://holderbook.com/stocks/SHLD/) | $45.3M | 759,000 | 1.5% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $45.1M | 165,673 | 1.5% | 42 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $44.5M | 198,912 | 1.4% | 42 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $43.3M | 295,419 | 1.4% | 42 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $42.4M | 120,278 | 1.4% | 42 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $41.8M | 355,829 | 1.4% | 42 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $40.5M | 80,779 | 1.3% | 42 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $40.4M | 109,000 | 1.3% | 22 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $38.8M | 331,000 | 1.3% | 42 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $36.8M | 110,000 | 1.2% | 8 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $33.8M | 216,000 | 1.1% | 42 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $33.6M | 124,169 | 1.1% | 42 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $33.3M | 98,305 | 1.1% | 19 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $27.8M | 124,025 | 0.9% | 15 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $27.0M | 332,797 | 0.9% | 42 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $26.5M | 70,500 | 0.9% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $25.8M | 51,650 | 0.8% | 34 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $25.6M | 118,228 | 0.8% | 42 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $25.5M | 34,135 | 0.8% | 42 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $25.1M | 333,572 | 0.8% | 18 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $24.4M | 174,000 | 0.8% | 36 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $23.8M | 69,467 | 0.8% | 26 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $21.4M | 68,227 | 0.7% | 42 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $20.9M | 59,000 | 0.7% | 42 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $20.5M | 200,353 | 0.7% | 42 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $20.1M | 78,589 | 0.7% | 42 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $17.7M | 130,666 | 0.6% | 42 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $14.2M | 245,000 | 0.5% | 42 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $11.7M | 81,500 | 0.4% | 25 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $10.8M | 48,145 | 0.4% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $10.6M | 48,145 | 0.3% | 1 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $9.0M | 100,000 | 0.3% | 33 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $9.0M | 150,000 | 0.3% | 39 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $8.9M | 47,000 | 0.3% | 2 |
| FEDEX FGHT HLDG CO INC | - | $5.2M | 34,113 | 0.2% | 1 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $5.1M | 14,134 | 0.2% | 42 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $4.8M | 10,144 | 0.2% | 42 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $4.2M | 13,182 | 0.1% | 26 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $3.8M | 8,172 | 0.1% | 27 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $3.7M | 65,595 | 0.1% | 42 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $3.6M | 10,760 | 0.1% | 26 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $3.5M | 21,784 | 0.1% | 13 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $3.5M | 49,688 | 0.1% | 42 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $3.4M | 1,720 | 0.1% | 42 |
| TRIMBLE INC | [TRMB](https://holderbook.com/stocks/TRMB/) | $3.3M | 63,962 | 0.1% | 39 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $3.3M | 10,531 | 0.1% | 42 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $3.2M | 70,744 | 0.1% | 3 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $3.2M | 35,944 | 0.1% | 42 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $3.1M | 35,322 | 0.1% | 3 |
| BIO-TECHNE CORP | [TECH](https://holderbook.com/stocks/TECH/) | $2.8M | 39,448 | 0.1% | 42 |
| LENNOX INTL INC | [LII](https://holderbook.com/stocks/LII/) | $2.8M | 4,831 | 0.1% | 39 |
| RPM INTL INC | [RPM](https://holderbook.com/stocks/RPM/) | $2.8M | 24,894 | 0.1% | 42 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $2.8M | 38,291 | 0.1% | 14 |
| INSIGHT ENTERPRISES INC | [NSIT](https://holderbook.com/stocks/NSIT/) | $2.7M | 21,810 | 0.1% | 8 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $2.6M | 20,983 | 0.1% | 42 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $2.6M | 11,563 | 0.1% | 42 |
| GODADDY INC | [GDDY](https://holderbook.com/stocks/GDDY/) | $2.6M | 30,400 | 0.1% | 20 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $2.4M | 11,000 | 0.1% | 39 |
| MANHATTAN ASSOCIATES INC | [MANH](https://holderbook.com/stocks/MANH/) | $2.4M | 17,316 | 0.1% | 42 |
| KIRBY CORP | [KEX](https://holderbook.com/stocks/KEX/) | $2.3M | 16,817 | 0.1% | 42 |
| NORDSON CORP | [NDSN](https://holderbook.com/stocks/NDSN/) | $2.2M | 7,301 | 0.1% | 38 |
| POOL CORP | [POOL](https://holderbook.com/stocks/POOL/) | $2.2M | 10,160 | 0.1% | 32 |
| CHOICE HOTELS INTL INC | [CHH](https://holderbook.com/stocks/CHH/) | $2.2M | 19,730 | 0.1% | 32 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.1M | 50,000 | 0.1% | 42 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $2.0M | 1,020 | 0.1% | 11 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $2.0M | 7,119 | 0.1% | 4 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $2.0M | 4,731 | 0.1% | 4 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $2.0M | 6,673 | 0.1% | 14 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $1.9M | 12,295 | 0.1% | 3 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $1.9M | 13,362 | 0.1% | 42 |
| MORNINGSTAR INC | [MORN](https://holderbook.com/stocks/MORN/) | $1.8M | 11,672 | 0.1% | 42 |
| DOLBY LABORATORIES INC | [DLB](https://holderbook.com/stocks/DLB/) | $1.8M | 34,239 | 0.1% | 26 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $1.8M | 14,221 | 0.1% | 4 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $1.8M | 19,569 | 0.1% | 1 |
| CASEYS GEN STORES INC | [CASY](https://holderbook.com/stocks/CASY/) | $1.7M | 2,180 | 0.1% | 22 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $1.7M | 5,916 | 0.1% | 42 |
| RELX PLC | [RELX](https://holderbook.com/stocks/RELX/) | $1.6M | 51,643 | 0.1% | 15 |
| SIMPSON MFG INC | [SSD](https://holderbook.com/stocks/SSD/) | $1.6M | 7,596 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2026 | +16.0% | +14.8% | +1.2% | 100% |
| Q1 2026 | -3.1% | -4.6% | +1.5% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.7% | 100% |
| Q3 2025 | +7.8% | +7.8% | -0.0% | 100% |
| Q2 2025 | +11.0% | +10.5% | +0.6% | 100% |
| Q1 2025 | -5.4% | -4.6% | -0.9% | 100% |
| Q4 2024 | +1.8% | +2.1% | -0.3% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.1B | 160 |
| Q1 2026 | $2.7B | 160 |
| Q4 2025 | $2.8B | 161 |
| Q3 2025 | $2.7B | 256 |
| Q2 2025 | $2.5B | 291 |
| Q1 2025 | $2.3B | 292 |
| Q4 2024 | $2.4B | 298 |
| Q3 2024 | $2.4B | 302 |
| Q2 2024 | $2.2B | 282 |
| Q1 2024 | $2.1B | 283 |
| Q4 2023 | $1.9B | 280 |
| Q3 2023 | $1.7B | 277 |