Institutional Manager · CIK 0001593688
M. Kraus & Co
SHELBURNE, VT · File #028-15709
Latest AUM
$358.1M
Positions
84
Top-10 Concentration
52.8%
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 |
|---|---|---|---|---|---|
| REDUCE | Fiserv, Inc. | FISV | -18,817 | -$1.3M | -$2.8M |
| REDUCE | Accenture PLC | ACN | -2,622 | -$703,483 | +$329,753 |
| ADD | IBM | INTR | +2,311 | +$684,541 | +$79,200 |
| ADD | Verizon Communications | VZ | +11,242 | +$457,887 | -$171,910 |
| REDUCE | Adobe Systems Inc. | ADBE | -1,173 | -$410,538 | -$19,966 |
| REDUCE | Amgen | AMGN | -1,204 | -$394,077 | +$164,195 |
| REDUCE | Berkshire Hathaway - B | BRK-A | -715 | -$359,395 | -$4,005 |
| REDUCE | Republic Services, Inc. | 760759100 | -1,365 | -$289,284 | -$306,335 |
| EXITED | Kimberly-Clark | 494368103 | -1,973 | -$245,313 | $0 |
| EXITED | Stryker Corp. | 863667101 | -618 | -$228,456 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202584 pos · $358.1M
- 13F HOLDINGS REPORTQ/E Sep 202584 pos · $358.1M
- 13F HOLDINGS REPORTQ/E Jun 202583 pos · $340.7M
- 13F HOLDINGS REPORTQ/E Mar 202580 pos · $328.8M
- 13F HOLDINGS REPORTQ/E Dec 202481 pos · $333.3M
- 13F HOLDINGS REPORTQ/E Sep 202480 pos · $341.3M
- 13F HOLDINGS REPORTQ/E Jun 202480 pos · $326.2M
- 13F HOLDINGS REPORTQ/E Mar 202482 pos · $329.5M
- 13F HOLDINGS REPORTQ/E Dec 202377 pos · $281.6M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Microsoft Corp. | MSFT | 74,952 | $36.2M | 10.47% |
| 2 | Alphabet Inc. Class C | GOOG | 101,651 | $31.9M | 9.21% |
| 3 | Berkshire Hathaway - B | BRK-A | 43,791 | $22.0M | 6.36% |
| 4 | Thermo Fisher Scientific | TMO | 29,680 | $17.2M | 4.97% |
| 5 | RTX Corporation | RTX | 78,188 | $14.3M | 4.14% |
| 6 | L3 Harris Technologies | LHX | 47,593 | $14.0M | 4.04% |
| 7 | Rockwell Automation | ROK | 32,152 | $12.5M | 3.61% |
| 8 | Norfolk Southern | 655844108 | 42,339 | $12.2M | 3.53% |
| 9 | Cisco Systems Inc. | CSCO | 153,139 | $11.8M | 3.41% |
| 10 | NextEra Energy, Inc. | NEE-PW | 133,445 | $10.7M | 3.09% |
| 11 | Johnson & Johnson | JNJ | 49,457 | $10.2M | 2.96% |
| 12 | Ecolab Inc. | ECL | 36,931 | $9.7M | 2.80% |
| 13 | Abbott Laboratories | ABLZF | 75,760 | $9.5M | 2.74% |
| 14 | Illinois Tool Works | 452308109 | 38,075 | $9.4M | 2.71% |
| 15 | AbbVie Inc. | ABBV | 39,248 | $9.0M | 2.59% |
| 16 | Church & Dwight Co. | CHD | 100,150 | $8.4M | 2.43% |
| 17 | Procter & Gamble | 742718109 | 57,001 | $8.2M | 2.36% |
| 18 | Broadcom Inc | AVGO | 23,577 | $8.2M | 2.36% |
| 19 | PepsiCo Inc. | PEP | 52,850 | $7.6M | 2.19% |
| 20 | Carrier Global Corp | CARR | 141,263 | $7.5M | 2.16% |