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Portfolio (Quarterly) Guide ↗

PARTHENON LLC

· CIK 0001088859
13F Portfolio $927M AUM 131 positions Filed Jan 23, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 6 New 5 Added 52 Reduced 4 Exited
Page 3 of 7  ·  131 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 PM PHILIP MORRIS INTL INC Consumer Defensive 29,490.0 $4.7M 0.51% $160.40 +13.5%
42 LLY ELI LILLY & CO Healthcare 4,256.0 $4.6M 0.49% -46.0 -1.1% $1074.68 +0.8%
43 BERKSHIRE HATHAWAY INC DEL 6.0 $4.5M 0.49% $754800.00
44 KO COCA COLA CO Consumer Defensive 62,034.0 $4.3M 0.47% $69.91 +16.8%
45 HSY HERSHEY CO Consumer Defensive 23,565.0 $4.3M 0.46% -675.0 -2.8% $181.98 +8.7%
46 MCD MCDONALDS CORP Consumer Cyclical 12,965.0 $4.0M 0.43% -2K -10.4% $305.63 -8.1%
47 ABBV ABBVIE INC Healthcare 15,367.0 $3.5M 0.38% $228.49 -5.7%
48 CLAR CLARUS CORP NEW Consumer Cyclical 1,005,364.0 $3.4M 0.36% +285K +39.6% $3.35 -7.8%
49 TPB TURNING PT BRANDS INC Consumer Defensive 30,770.0 $3.3M 0.36% $108.40 -17.0%
50 NVDA NVIDIA CORPORATION Technology 16,648.0 $3.1M 0.34% -2K -10.7% $186.50 +14.0%
51 SJM SMUCKER J M CO Consumer Defensive 31,643.0 $3.1M 0.33% -1K -3.3% $97.81 +5.3%
52 VPL VANGUARD INTL EQUITY INDEX F 32,993.0 $3.0M 0.32% $90.40 +26.7%
53 MO ALTRIA GROUP INC Consumer Defensive 49,788.0 $2.9M 0.31% $57.66 +25.1%
54 BROWN FORMAN CORP 105,035.0 $2.7M 0.29% $26.06
55 ABT ABBOTT LABS Healthcare 21,732.0 $2.7M 0.29% $125.29 -31.6%
56 GEV GE VERNOVA INC Utilities 3,842.0 $2.5M 0.27% $653.57 +57.9%
57 CL COLGATE PALMOLIVE CO Consumer Defensive 27,486.0 $2.2M 0.23% $79.02 +15.5%
58 IVV ISHARES TR 2,850.0 $2.0M 0.21% -37.0 -1.3% $684.94 +10.1%
59 VGK VANGUARD INTL EQUITY INDEX F 22,400.0 $1.9M 0.20% $83.61 +6.9%
60 IBM INTERNATIONAL BUSINESS MACHS Technology 6,274.0 $1.9M 0.20% -1K -15.3% $296.21 -13.8%
Page 3 of 7  ·  131 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 26.2%
Communication Services 17.8%
Healthcare 14.0%
Consumer Defensive 11.8%
Industrials 11.5%
Financial Services 8.0%
Consumer Cyclical 7.1%
Energy 2.9%
Basic Materials 0.3%
Utilities 0.3%