MORGAN DEMPSEY CAPITAL MANAGEMENT LLC

Registered adviser

CIK

1050463

Location

MILWAUKEE, WI

Portfolio Value

Small $233,067,031

Diversification

Diversified

Files via

Empowered Funds, LLC

Filing Date

Global Rank

#6,021 / 8,818 ▼ 244

Top Industry

Utilities - Regulated Electric 14.5%

Period ended 4 months ago

Filed Aug 3, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 106288

Roster of Oct 1, 2026

Regulatory AUM

$252,255,333

Main clients

Individuals and high net worth (85% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$252,255,333	Individuals and high net worth (85%)
Apr 2025 to Mar 2026	$286,579,170	Individuals and high net worth (85%)
Feb 2024 to Mar 2025	$345,754,439	Individuals and high net worth (85%)
May 2023 to Jan 2024	$381,226,790	Individuals and high net worth (89%)
Apr 2023	$381,226,790	Individuals and high net worth (89%)
Apr 2022 to Mar 2023	$340,836,703	Individuals and high net worth (96%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 35.5%, 37.3 effective positions, active share 86.0% against the Dow Jones Industrial Average as of 2026-07-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

16.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.8 quarters (12+), a floor since 39.8% of the book was already held when coverage starts

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 86.0%; sector active share 33.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

122 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.5%

−0.2 pts

Top 5

19.6%

−0.3 pts

Top 10

35.5%

−0.7 pts

HHI

268

Diversified−2

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	15.5%	$36,009,442	16
Utilities	13.7%	$31,902,317	7
Financial Services	13.0%	$30,378,991	12
Energy	12.5%	$29,112,800	7
Technology	9.8%	$22,902,252	14
Healthcare	8.1%	$18,945,534	11
Consumer Defensive	7.6%	$17,757,050	8
Unclassified	6.0%	$13,894,680	38
Communication Services	4.8%	$11,256,474	2
Consumer Cyclical	3.8%	$8,947,980	3
Real Estate	2.9%	$6,860,690	2
Basic Materials	2.2%	$5,098,821	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		+47,510	114,108	$10,456,857
VOYA	Voya Financial, Inc.	+18,099	58,384	$5,285,503
UPS	United Parcel Service Inc	+13,430	62,845	$6,755,837
PEP	Pepsico Inc	+12,097	39,911	$5,403,949
T	At&T Inc.	+9,421	294,433	$6,094,763
EGY	Vaalco Energy Inc	+8,906	192,094	$975,837
MCD	Mcdonalds Corp	+5,841	20,199	$5,459,991
PLAB	Photronics Inc	+5,034	7,910	$257,312
IBM	International Business Machines Corp	+4,900	25,939	$7,294,306
UNP	Union Pacific Corp	+4,447	17,834	$4,850,848
PBA	Pembina Pipeline Corp	+4,380	148,296	$6,858,690
NOA	North American Construction Group Ltd.	+4,246	23,326	$310,235
VZ	Verizon Communications Inc	+3,751	121,911	$5,161,711
CCI	Crown Castle Inc.	+3,336	50,708	$3,840,116
TATT	Tat Technologies Ltd	+2,698	12,091	$583,148
OKE	Oneok Inc	+2,512	69,634	$6,053,979
KO	Coca Cola Co	+2,440	81,153	$6,595,304
WFC	Wells Fargo & Company	+2,356	75,035	$6,200,892
ETR	Entergy Corp	+2,277	75,458	$8,667,105
ES	Eversource Energy	+2,240	73,953	$5,344,583
WEC	Wec Energy Group, Inc.	+1,842	64,642	$7,548,246
MDT	Medtronic plc	+1,777	61,417	$4,804,651
RIO	Rio Tinto PLC	+1,769	53,677	$5,095,557
XOM	ExxonMobil Holdings Corp	+1,753	61,676	$8,432,342
SO	Southern Co	+1,559	52,236	$4,999,507
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
MAIN	Main Street Capital CORP	−71,124	435	$22,567
GIS	General Mills Inc	−58,147	71	$2,470
CSCO	Cisco Systems, Inc.	−26,978	73,393	$8,620,741
C	Citigroup Inc	−16,504	64,124	$8,974,795
MDLV	Morgan Dempsey Large Cap Value ETF	−9,071	18,021	$553,388
PRU	Prudential Financial Inc	−3,643	41,326	$4,460,315
UCTT	Ultra Clean Holdings, Inc.	−2,767	2,412	$343,927
COHU	Cohu Inc	−1,181	6,478	$478,788
JNJ	Johnson & Johnson	−566	27,812	$7,063,413
PFE	Pfizer Inc	−326	170	$4,093
NULV	Nuveen ESG Large-Cap Value ETF	−311	3,937	$196,810
LLY	ELI LILLY & Co	−84	23	$27,586
MDLZ	Mondelez International, Inc.	−40	114	$6,593
AAPL	Apple Inc.	−35	365	$105,616
HON	Honeywell International Inc	−31	31	$6,940
IWD	iShares Russell 1000 Value ETF	−23	631	$152,973
TJX	Tjx Companies Inc	−20	63	$9,544
ABT	Abbott Laboratories	−20	41	$3,720
ICE	Intercontinental Exchange, Inc.	−10	40	$4,924
CI	Cigna Group	−5	15	$4,135
CAT	Caterpillar Inc	−5	160	$170,384
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
PLD	Prologis, Inc.	22,297	$3,020,574
SPSC	Sps Commerce Inc	5,515	$315,292
LMAT	Lemaitre Vascular Inc	1,348	$129,354
ADBE	Adobe Inc.	65	$13,326
DTCR	Global X Data Center & Digital Infrastructure ETF	100	$3,037
IWM	iShares Russell 2000 ETF	2	$600
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
MYRG	Myr Group Inc.	1,226	$346,124
—		1,307	$107,147
PENG	Penguin Solutions, Inc.	4,013	$70,628
VLGEA	Village Super Market Inc	908	$38,344
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	100	$9,152
PG	PROCTER & GAMBLE Co	33	$4,766
KHC	Kraft Heinz Co	109	$2,451
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

122 tracked positions · $233,067,031 total · filing declares 122 positions · $233,388,297 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 122 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		Added	114,108	+47,510	$10,456,857	+71.3%	15	$91.57	4.49%
C	Citigroup Inc Financial Services	Reduced	64,124	-16,704	$8,974,795	−2.1%	19	$58.21	3.85%
CMI	Cummins Inc Industrials	Added	12,509	+348	$8,921,543	+36.4%	11	$239.34	3.83%
ETR	Entergy Corp Utilities	Added	75,458	+2,077	$8,667,105	+5.1%	9	$57.68	3.72%
CSCO	Cisco Systems, Inc. Technology	Reduced	73,393	-27,178	$8,620,741	+10.5%	26+	before history	3.70%
XOM	ExxonMobil Holdings Corp Energy	Added	61,676	+1,553	$8,432,342	−17.3%	26+	before history	3.62%
WEC	Wec Energy Group, Inc. Utilities	Added	64,642	+1,642	$7,548,246	+3.5%	10	$81.77	3.24%
IBM	International Business Machines Corp Technology	Added	25,939	+4,900	$7,294,306	+43.0%	25	unpriced	3.13%
JNJ	Johnson & Johnson Healthcare	Reduced	27,812	-666	$7,063,413	+1.5%	26+	before history	3.03%
PBA	Pembina Pipeline Corp Energy	Added	148,296	+4,380	$6,858,690	+6.5%	17	$37.45	2.94%
UPS	United Parcel Service Inc Industrials	Added	62,845	+13,330	$6,755,837	+38.7%	26+	before history	2.90%
KO	Coca Cola Co Consumer Defensive	Added	81,153	+2,240	$6,595,304	+9.9%	26+	before history	2.83%
GD	General Dynamics Corp Industrials	Added	18,483	+486	$6,547,417	+6.0%	23	$165.99	2.81%
CVX	Chevron Corp Energy	Added	38,597	+1,002	$6,397,838	−17.7%	26+	before history	2.75%
LMT	Lockheed Martin Corp Industrials	Added	12,207	+415	$6,218,978	−12.7%	26+	before history	2.67%
WFC	Wells Fargo & Company Financial Services	Added	75,035	+2,156	$6,200,892	+6.9%	6	$74.66	2.66%
T	At&T Inc. Communication Services	Added	294,433	+8,721	$6,094,763	−26.4%	26+	before history	2.62%
OKE	Oneok Inc Energy	Added	69,634	+2,412	$6,053,979	−0.4%	5	$81.37	2.60%
MRK	Merck & Co., Inc. Healthcare	Added	44,625	+1,208	$5,734,312	+9.8%	26+	before history	2.46%
MCD	Mcdonalds Corp Consumer Cyclical	Added	20,199	+5,841	$5,459,991	+22.4%	26+	before history	2.34%
PM	Philip Morris International Inc. Consumer Defensive	Added	30,150	+843	$5,454,436	+12.6%	26+	before history	2.34%
PEP	Pepsico Inc Consumer Defensive	Added	39,911	+12,097	$5,403,949	+25.1%	16	$149.38	2.32%
ES	Eversource Energy Utilities	Added	73,953	+2,140	$5,344,583	+7.4%	8	$64.12	2.29%
VOYA	Voya Financial, Inc. Financial Services	Added	58,384	+17,999	$5,285,503	+91.6%	6	$73.55	2.27%
DUK	Duke Energy CORP Utilities	Added	41,552	+1,115	$5,259,652	−0.7%	26+	before history	2.26%
VZ	Verizon Communications Inc Communication Services	Added	121,911	+3,451	$5,161,711	−13.2%	26+	before history	2.21%
RIO	Rio Tinto PLC Basic Materials	Added	53,677	+1,669	$5,095,557	+5.0%	21	$76.07	2.19%
CME	Cme Group Inc. Financial Services	Added	22,695	+731	$5,011,736	−22.7%	4	$272.15	2.15%
SO	Southern Co Utilities	Added	52,236	+1,459	$4,999,507	+2.0%	26+	before history	2.15%
UNP	Union Pacific Corp Industrials	Added	17,834	+4,447	$4,850,848	+49.4%	4	$234.66	2.08%
MDT	Medtronic plc Healthcare	Added	61,417	+1,777	$4,804,651	−7.0%	13	$83.84	2.06%
PRU	Prudential Financial Inc Financial Services	Reduced	41,326	-3,643	$4,460,315	+1.5%	24	$72.76	1.91%
TXN	Texas Instruments Inc Technology	Added	14,267	+463	$4,252,564	+58.7%	2	$204.90	1.82%
CCI	Crown Castle Inc. Real Estate	Added	50,708	+3,236	$3,840,116	−0.5%	26+	before history	1.65%
SBUX	Starbucks Corp Consumer Cyclical	Added	34,039	+862	$3,478,445	+17.0%	9	$82.67	1.49%
PLD	Prologis, Inc. Real Estate	NEW	22,297	NEW	$3,020,574	NEW	1	$141.79	1.30%
EGY	Vaalco Energy Inc Energy	Added	192,094	+8,906	$975,837	−16.0%	19	$4.30	0.42%
FEIM	Frequency Electronics Inc Technology	Added	11,484	+570	$761,963	+57.7%	4	$38.25	0.33%
UFPT	Ufp Technologies Inc Healthcare	Added	2,851	+367	$755,885	+57.2%	21	$177.71	0.32%
DAC	Danaos Corp Industrials	Added	5,675	+402	$694,449	+16.9%	12	$83.54	0.30%
TATT	Tat Technologies Ltd Industrials	Added	12,091	+2,698	$583,148	+52.8%	7	$31.18	0.25%
ESP	Espey Mfg & Electronics Corp Industrials	Added	8,387	+294	$564,864	+25.9%	9	$27.75	0.24%
MDLV	Morgan Dempsey Large Cap Value ETF	Reduced	18,021	-9,071	$553,388	−32.3%	13	unpriced	0.24%
COHU	Cohu Inc Technology	Reduced	6,478	-1,181	$478,788	+104.2%	26+	before history	0.21%
PDEX	Pro Dex Inc Healthcare	Added	6,716	+908	$393,221	+37.8%	5	$48.69	0.17%
AMSC	American Superconductor Corp Industrials	Added	8,819	+309	$366,076	+27.1%	2	$32.04	0.16%
BKTI	BK Technologies Corp Technology	Added	4,037	+197	$347,101	+21.1%	11	$26.58	0.15%
UCTT	Ultra Clean Holdings, Inc. Technology	Reduced	2,412	-2,767	$343,927	+6.8%	8	$31.10	0.15%
HG	Hamilton Insurance Group, Ltd. Financial Services	Added	9,541	+468	$323,821	+19.6%	7	$20.97	0.14%
SPSC	Sps Commerce Inc Technology	NEW	5,515	NEW	$315,292	NEW	1	$55.20	0.14%

Showing the top 50 of 122 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.