David Katz
Portfolio value$1.2B
Positions100
QuarterQ3 2026ended 2026-09-30
Filed10/132026
Q3 2026 versus Q2 2026: 2 bought, 38 added to, 40 reduced, 8 sold. By dollars, the largest buy was McDonald's, $11.7M more at the quarter-end price; the largest sale Lockheed Martin, $17.0M less. Net, $14.3M more sold than bought. What every tracked investor did in Q3 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q2 2026 → Q3 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| LMT | Lockheed Martin Corp | sold | 33,411 → 0 | −$17.0M | −1.40% | — | — |
| MCD | Mcdonalds Corp | added +411% | 12,335 → 63,006 | +$11.7M | +0.96% | 1.2% | 2% undervalued |
| UBER | Uber Technologies INC | bought | — → 164,010 | +$11.2M | +0.93% | 0.9% | 12% overvalued |
| TGT | Target Corp | reduced −62% | 114,213 → 43,192 | −$11.1M | −0.92% | 0.6% | 21% overvalued |
| NKE | Nike INC | sold | 223,565 → 0 | −$9.2M | −0.76% | — | — |
| AMGN | Amgen INC | reduced −18% | 102,817 → 83,919 | −$8.0M | −0.66% | 2.9% | 1% undervalued |
| TSN | Tyson Foods INC | added +18% | 495,030 → 582,286 | +$4.4M | +0.36% | 2.4% | 18% overvalued |
| PEP | Pepsico INC | added +11% | 268,055 → 297,512 | +$3.7M | +0.31% | 3.1% | 3% undervalued |
| PNC | Pnc Finl Svcs Group INC | reduced −8% | 188,868 → 173,623 | −$3.4M | −0.28% | 3.2% | 7% undervalued |
| MTB | M & T Bk Corp | reduced −19% | 78,790 → 63,754 | −$3.3M | −0.27% | 1.1% | 10% undervalued |
| QCOM | Qualcomm INC | added +7% | 243,892 → 260,589 | +$3.1M | +0.25% | 4.0% | 28% overvalued |
| AEP | American Elec Pwr CO INC | added +16% | 154,488 → 179,543 | +$3.0M | +0.24% | 1.8% | at model |
| TEL | Te Connectivity PLC | added +18% | 75,939 → 89,907 | +$2.9M | +0.24% | 1.6% | 36% overvalued |
| INTU | Intuit | sold | 10,770 → 0 | −$2.8M | −0.23% | — | — |
| TMO | Thermo Fisher Scientific INC | reduced −13% | 27,668 → 23,947 | −$2.5M | −0.21% | 1.3% | 78% overvalued |
| BNY | Bank Of Ny Mellon Corp | reduced −9% | 174,849 → 159,110 | −$2.3M | −0.19% | 1.9% | 57% overvalued |
| USB | Us Bancorp | reduced −5% | 701,703 → 666,736 | −$2.0M | −0.17% | 3.2% | 10% undervalued |
| NEE | Nextera Energy INC | added +10% | 237,489 → 261,183 | +$1.8M | +0.15% | 1.6% | 18% undervalued |
| STZ | Constellation Brands INC | added +21% | 74,277 → 90,009 | +$1.8M | +0.15% | 0.8% | 5% overvalued |
| ACN | Accenture PLC Ireland | added +78% | 12,287 → 21,928 | +$1.8M | +0.15% | 0.3% | 13% undervalued |
| VONG | Vanguard Scottsdale Fds | added +114% | 11,689 → 25,043 | +$1.7M | +0.14% | 0.3% | — |
| ABBV | Abbvie INC | reduced −13% | 39,070 → 33,896 | −$1.4M | −0.11% | 0.7% | at model |
| GS | Goldman Sachs Group INC | reduced −6% | 22,185 → 20,804 | −$1.2M | −0.10% | 1.5% | at model |
| JPM | Jpmorgan Chase & CO | reduced −3% | 132,893 → 129,211 | −$1.2M | −0.10% | 3.5% | 11% overvalued |
| LOW | Lowes Cos INC | added +8% | 79,680 → 86,232 | +$1.2M | +0.10% | 1.3% | 12% undervalued |
| AMZN | Amazon Com INC | added +3% | 133,816 → 137,391 | +$890,713.8 | +0.07% | 2.8% | 182% overvalued |
| VEA | Vanguard Tax-managed Fds | added +3% | 280,863 → 290,612 | +$688,377.4 | +0.06% | 1.7% | — |
| META | Meta Platforms INC | added +2% | 37,665 → 38,581 | +$664,257.3 | +0.05% | 2.3% | 10% overvalued |
| MDT | Medtronic PLC | reduced −2% | 433,672 → 426,624 | −$608,172.2 | −0.05% | 3.0% | 4% overvalued |
| VOO | Vanguard Index Fds | added +3% | 31,620 → 32,442 | +$576,107 | +0.05% | 1.9% | — |
| XOM | Exxonmobil Holdings Corp | bought | — → 3,521 | +$573,072 | +0.05% | 0.0% | 13% overvalued |
| CMCSA | Comcast Corp New | added +3% | 991,213 → 1.0M | +$567,522.4 | +0.05% | 1.8% | 83% undervalued |
| ABT | Abbott Laboratories | added +12% | 47,262 → 52,805 | +$547,814.7 | +0.05% | 0.4% | 3% undervalued |
| MS | Morgan Stanley | reduced −1% | 208,042 → 205,191 | −$536,215.2 | −0.04% | 3.2% | 28% overvalued |
| SBUX | Starbucks Corp | reduced −2% | 220,391 → 214,901 | −$515,839.5 | −0.04% | 1.7% | 391% overvalued |
| XOM | Exxon Mobil Corp | sold | 3,749 → 0 | −$512,595 | −0.04% | — | — |
| BRK/B | Berkshire Hathaway INC Del | added +9% | 11,645 → 12,645 | +$497,950 | +0.04% | 0.5% | 21% overvalued |
| PG | Procter & Gamble CO | added +2% | 146,510 → 149,907 | +$493,515.9 | +0.04% | 1.8% | 32% overvalued |
| VTV | Vanguard Index Fds | added +7% | 33,804 → 36,068 | +$489,208.7 | +0.04% | 0.6% | — |
| VYM | Vanguard Whitehall Fds | added +3% | 110,817 → 113,875 | +$474,605.1 | +0.04% | 1.5% | — |
| GOOG | Alphabet INC | added +1% | 135,829 → 137,196 | +$465,790.6 | +0.04% | 3.9% | 49% overvalued |
| TXN | Texas Instrs INC | reduced −2% | 98,361 → 96,778 | −$443,383.3 | −0.04% | 2.2% | 131% overvalued |
| ADP | Automatic Data Processing In | reduced −3% | 56,001 → 54,310 | −$436,379.5 | −0.04% | 1.2% | 65% overvalued |
| AAPL | Apple INC | reduced −1% | 152,173 → 150,926 | −$415,276.9 | −0.03% | 4.1% | 114% overvalued |
| GNRC | Generac Hldgs INC | added +2% | 107,043 → 108,756 | +$354,505.3 | +0.03% | 1.9% | 52% overvalued |
| HD | Home Depot INC | added +2% | 64,544 → 65,766 | +$347,646.4 | +0.03% | 1.5% | 34% overvalued |
| VO | Vanguard Index Fds | added +10% | 37,472 → 41,182 | +$290,938.9 | +0.02% | 0.3% | — |
| CL | Colgate Palmolive CO | sold | 2,383 → 0 | −$218,473 | −0.02% | — | — |
| AON | Aon PLC | sold | 648 → 0 | −$214,935 | −0.02% | — | — |
| IBM | International Business Machs | sold | 755 → 0 | −$212,450 | −0.02% | — | — |
| TSLA | Tesla INC | sold | 494 → 0 | −$207,978 | −0.02% | — | — |
| MAVF | Ea Series Trust | reduced −0% | 400,490 → 399,163 | −$182,785.5 | −0.02% | 4.5% | — |
| VWO | Vanguard Intl Equity Index F | added +4% | 45,534 → 47,247 | +$101,600.1 | +0.01% | 0.2% | — |
| AMAT | Applied Matls INC | reduced −0% | 48,044 → 47,847 | −$100,742 | −0.01% | 2.0% | 89% overvalued |
| WFC | Wells Fargo & CO | reduced −1% | 218,006 → 216,761 | −$99,662.4 | −0.01% | 1.4% | 6% undervalued |
| MDY | State Str Spdr S&p Midcap 40 | reduced −2% | 5,926 → 5,787 | −$91,298.4 | −0.01% | 0.3% | — |
| IWF | Ishares Tr | reduced −1% | 106,505 → 105,814 | −$86,555.2 | −0.01% | 1.1% | — |
| IWM | Ishares Tr | reduced −3% | 10,097 → 9,808 | −$80,314.7 | −0.01% | 0.2% | — |
| NUE | Nucor Corp | reduced −22% | 1,368 → 1,063 | −$71,293.7 | −0.01% | 0.0% | 6% undervalued |
| MSFT | Microsoft Corp | added +0% | 172,878 → 173,012 | +$68,728.6 | +0.01% | 7.3% | 10% overvalued |
| PLTR | Palantir Technologies INC | reduced −15% | 2,063 → 1,763 | −$56,115 | −0.00% | 0.0% | 289% overvalued |
| IJR | Ishares Tr | reduced −1% | 69,439 → 69,038 | −$54,552.1 | −0.00% | 0.8% | — |
| PYPL | Paypal Hldgs INC | reduced −0% | 262,618 → 261,642 | −$51,269.3 | −0.00% | 1.1% | 50% undervalued |
| SKYX | Skyx Platforms Corp | reduced −17% | 215,000 → 177,590 | −$43,021.6 | −0.00% | 0.0% | — |
| ETN | Eaton Corp PLC | reduced −12% | 862 → 762 | −$42,971 | −0.00% | 0.0% | 73% overvalued |
| IWB | Ishares Tr | reduced −14% | 698 → 599 | −$41,242.7 | −0.00% | 0.0% | — |
| APH | Amphenol Corp | added +8% | 6,112 → 6,590 | +$40,293.9 | +0.00% | 0.0% | 66% overvalued |
| NVDA | Nvidia Corporation | reduced −2% | 6,090 → 5,970 | −$27,405.2 | −0.00% | 0.1% | 3% undervalued |
| BAC | Bank Of Amer Corp | reduced −1% | 52,984 → 52,484 | −$27,215 | −0.00% | 0.2% | 1% overvalued |
| IWR | Ishares Tr | added +0% | 59,093 → 59,303 | +$22,409.2 | +0.00% | 0.5% | — |
| COF | Capital One Finl Corp | added +3% | 3,178 → 3,285 | +$20,659.6 | +0.00% | 0.1% | 10% overvalued |
| VTI | Vanguard Index Fds | reduced −2% | 3,076 → 3,023 | −$19,835.2 | −0.00% | 0.1% | — |
| IWD | Ishares Tr | reduced −1% | 6,265 → 6,191 | −$18,348.5 | −0.00% | 0.1% | — |
| ESGD | Ishares Tr | added +1% | 6,481 → 6,578 | +$9,995.9 | +0.00% | 0.1% | — |
| TCHP | T Rowe Price Exchange-traded | reduced −0% | 76,038 → 75,866 | −$8,842.5 | −0.00% | 0.3% | — |
| VUG | Vanguard Index Fds | added +0% | 18,563 → 18,647 | +$7,569.5 | +0.00% | 0.1% | — |
| MRK | Merck & CO INC | reduced −3% | 1,671 → 1,621 | −$7,265.5 | −0.00% | 0.0% | 24% undervalued |
| SPYX | Spdr Series Trust | added +1% | 13,385 → 13,499 | +$7,122.9 | +0.00% | 0.1% | — |
| LLY | Eli Lilly & CO | reduced −2% | 311 → 305 | −$6,933.5 | −0.00% | 0.0% | 22% overvalued |
| GLD | Spdr Gold Tr | reduced −1% | 998 → 984 | −$5,331.8 | −0.00% | 0.0% | — |
| V | Visa INC | reduced −1% | 1,120 → 1,106 | −$5,030.4 | −0.00% | 0.0% | 40% overvalued |
| VIG | Vanguard Specialized Funds | reduced −1% | 3,180 → 3,164 | −$3,734.1 | −0.00% | 0.1% | — |
| IVV | Ishares Tr | added +0% | 3,342 → 3,345 | +$2,298.1 | +0.00% | 0.2% | — |
| SCHD | Schwab Strategic Tr | added +1% | 6,533 → 6,579 | +$1,496.5 | +0.00% | 0.0% | — |
| QQQ | Invesco Qqq Tr | added +0% | 1,491 → 1,493 | +$1,480.3 | +0.00% | 0.1% | — |
| AFL | Aflac INC | added +0% | 6,264 → 6,274 | +$1,117.9 | +0.00% | 0.1% | 11% overvalued |
| EFA | Ishares Tr | reduced −0% | 14,881 → 14,878 | −$311.7 | −0.00% | 0.1% | — |
| SDY | Spdr Series Trust | added +0% | 3,785 → 3,787 | +$293 | +0.00% | 0.0% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.