Institutional Manager · CIK 0001088859
PARTHENON LLC
LOUISVILLE, KY · File #028-05239
Latest AUM
$926.7M
Positions
131
Top-10 Concentration
52.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | SALESFORCE INC | CRM | +57,805 | +$15.3M | $0 |
| REDUCE | ALPHABET INC | GOOG | -10,035 | -$3.1M | +$8.9M |
| REDUCE | MICROSOFT CORP | MSFT | -4,987 | -$2.4M | -$8.0M |
| ADD | ATLANTA BRAVES HLDGS INC | BATRB | +53,321 | +$2.1M | -$364,536 |
| REDUCE | US BANCORP DEL | USB-PS | -25,195 | -$1.3M | +$160,791 |
| REDUCE | MONDELEZ INTL INC | 609207105 | -23,225 | -$1.3M | -$1.4M |
| REDUCE | MEDTRONIC PLC | MDT | -10,331 | -$992,396 | +$59,014 |
| ADD | CLARUS CORP NEW | CLAR | +285,124 | +$955,165 | -$108,036 |
| REDUCE | APPLE INC | AAPL | -2,614 | -$710,642 | +$2.3M |
| REDUCE | META PLATFORMS INC | META | -935 | -$617,184 | -$5.2M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025131 pos · $926.7M
- 13F HOLDINGS REPORTQ/E Sep 2025129 pos · $902.5M
- 13F HOLDINGS REPORTQ/E Jun 2025126 pos · $874.1M
- 13F HOLDINGS REPORTQ/E Mar 2025122 pos · $813.1M
- 13F HOLDINGS REPORTQ/E Dec 2024123 pos · $826.7M
- 13F HOLDINGS REPORTQ/E Sep 2024125 pos · $837.4M
- 13F HOLDINGS REPORTQ/E Jun 2024121 pos · $787.2M
- 13F HOLDINGS REPORTQ/E Mar 2024121 pos · $788.8M
- 13F HOLDINGS REPORTQ/E Dec 2023114 pos · $666.5M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 227,469 | $110.0M | 12.87% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 138,619 | $69.7M | 8.15% |
| 3 | ALPHABET INC | GOOG | 159,113 | $49.8M | 5.83% |
| 4 | META PLATFORMS INC | META | 68,540 | $45.2M | 5.29% |
| 5 | ALPHABET INC | GOOG | 117,331 | $36.8M | 4.31% |
| 6 | APPLE INC | AAPL | 128,855 | $35.0M | 4.10% |
| 7 | PAYCHEX INC | PAYX | 244,890 | $27.5M | 3.21% |
| 8 | WALMART INC | WMT | 227,862 | $25.4M | 2.97% |
| 9 | JOHNSON & JOHNSON | JNJ | 122,312 | $25.3M | 2.96% |
| 10 | AMERICAN EXPRESS CO | AXP | 67,410 | $24.9M | 2.92% |
| 11 | FASTENAL CO | FAST | 544,840 | $21.9M | 2.56% |
| 12 | EXXON MOBIL CORP | XOM | 175,841 | $21.2M | 2.48% |
| 13 | DOVER CORP | DOV | 105,296 | $20.6M | 2.41% |
| 14 | CORNING INC | GLW | 230,650 | $20.2M | 2.36% |
| 15 | PROCTER AND GAMBLE CO | 742718109 | 135,205 | $19.4M | 2.27% |
| 16 | BOOKING HOLDINGS INC | BKNG | 3,467 | $18.6M | 2.17% |
| 17 | MERCK & CO INC | MRK | 153,741 | $16.2M | 1.89% |
| 18 | SALESFORCE INC | CRM | 57,805 | $15.3M | 1.79% |
| 19 | CISCO SYS INC | CSCO | 198,089 | $15.3M | 1.79% |
| 20 | PEPSICO INC | PEP | 100,965 | $14.5M | 1.70% |