PARTHENON LLC

CIK

1088859

Location

LOUISVILLE, KY

Portfolio Value

Small $738,261,459

Diversification

Diversified

Filing Date

Global Rank

#2,095 / 8,603 ▼ 28 · as of Mar 2026

Top Industry

Software - Infrastructure 11.6%

3Y Alpha vs SPY

-5.4%

Period ended 3 months ago

Filed Apr 28, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+54.2%

SPY

+76.0%

Annualised alpha

-5.2%

Max drawdown

−14.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

104 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

11.4%

−2.1 pts

Top 5

36.1%

−2.0 pts

Top 10

54.7%

+1.2 pts

HHI

430

Diversified−26

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.3%	$208,631,421	21
Financial Services	16.4%	$121,312,648	13
Healthcare	14.3%	$105,714,358	17
Consumer Defensive	13.4%	$99,195,058	16
Communication Services	12.4%	$91,716,428	5
Industrials	9.6%	$71,194,036	13
Consumer Cyclical	4.6%	$33,741,006	12
Energy	0.4%	$2,757,318	2
Basic Materials	0.3%	$2,343,166	3
Unclassified	0.2%	$1,433,349	1
Utilities	0.0%	$222,671	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
CLAR	Clarus Corp	+141,375	1,146,739	$3,119,130
WSBC	Wesbanco Inc	+4,915	12,875	$444,058
PAYX	Paychex Inc	+1,433	246,323	$22,691,274
T	At&T Inc.	+530	18,404	$533,531
MSFT	Microsoft Corp	+399	227,868	$84,349,897
BKNG	Booking Holdings Inc.	+330	3,797	$639,463
CSCO	Cisco Systems, Inc.	+1	198,090	$15,369,803
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−12,450	4,198	$732,131
MO	Altria Group, Inc.	−6,561	43,227	$2,852,549
TPB	Turning Point Brands, Inc.	−5,300	25,470	$2,210,541
YETI	YETI Holdings, Inc.	−2,500	217,430	$7,955,763
PG	PROCTER & GAMBLE Co	−2,403	132,802	$19,181,920
SCHW	Schwab Charles Corp	−2,330	131,490	$12,357,430
GOOGL	Alphabet Inc.	−2,030	157,083	$45,170,787
FAST	Fastenal Co	−1,768	543,072	$25,198,540
AAPL	Apple Inc.	−1,634	127,221	$32,287,417
MDLZ	Mondelez International, Inc.	−1,631	138,378	$7,976,107
JNJ	Johnson & Johnson	−1,473	120,839	$29,537,885
CVS	CVS HEALTH Corp	−1,465	113,371	$8,142,305
CRM	Salesforce, Inc.	−1,450	56,355	$10,519,787
WMT	Walmart Inc.	−1,422	226,440	$28,141,963
SMG	Scotts Miracle-Gro Co	−1,400	27,535	$1,674,403
AXP	American Express Co	−1,285	66,125	$20,001,490
PEP	Pepsico Inc	−992	99,973	$15,524,807
META	Meta Platforms, Inc.	−897	67,643	$38,700,589
KVUE	Kenvue Inc.	−842	67,608	$1,165,561
MRK	Merck & Co., Inc.	−679	153,062	$18,411,827
NKE	NIKE, Inc.	−670	28,249	$1,492,112
JPM	Jpmorgan Chase & Co	−522	41,938	$12,336,482
CHDN	Churchill Downs Inc	−432	72,654	$6,526,508
HSY	Hershey Co	−350	23,215	$4,826,166
KO	Coca Cola Co	−344	61,690	$4,691,524
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	175,841	$21,160,705
TSCO	Tractor Supply Co /De/	6,625	$331,316
EXPE	Expedia Group, Inc.	790	$223,814
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

104 positions · $738,261,459 total · as of Mar 31, 2026

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

Showing 1–50 of 104 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	227,868	+399	$84,349,897	−23.3%	11.43%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	138,348	-271	$66,296,361	−4.9%	8.98%
GOOGL	Alphabet Inc. Communication Services	Reduced	157,083	-2,030	$45,170,787	−9.3%	6.12%
META	Meta Platforms, Inc. Communication Services	Reduced	67,643	-897	$38,700,589	−14.5%	5.24%
AAPL	Apple Inc. Technology	Reduced	127,221	-1,634	$32,287,417	−7.8%	4.37%
GLW	Corning Inc /Ny Technology	Reduced	230,615	-35	$31,356,721	+55.3%	4.25%
JNJ	Johnson & Johnson Healthcare	Reduced	120,839	-1,473	$29,537,885	+16.7%	4.00%
WMT	Walmart Inc. Consumer Defensive	Reduced	226,440	-1,422	$28,141,963	+10.9%	3.81%
FAST	Fastenal Co Industrials	Reduced	543,072	-1,768	$25,198,540	+15.2%	3.41%
PAYX	Paychex Inc Technology	Added	246,323	+1,433	$22,691,274	−17.4%	3.07%
DOV	DOVER Corp Industrials	Reduced	105,018	-278	$21,891,002	+6.5%	2.97%
AXP	American Express Co Financial Services	Reduced	66,125	-1,285	$20,001,490	−19.8%	2.71%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	132,802	-2,403	$19,181,920	−1.0%	2.60%
MRK	Merck & Co., Inc. Healthcare	Reduced	153,062	-679	$18,411,827	+13.8%	2.49%
PEP	Pepsico Inc Consumer Defensive	Reduced	99,973	-992	$15,524,807	+7.1%	2.10%
CSCO	Cisco Systems, Inc. Technology	Added	198,090	+1	$15,369,803	+0.7%	2.08%
SCHW	Schwab Charles Corp Financial Services	Reduced	131,490	-2,330	$12,357,430	−7.6%	1.67%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	41,938	-522	$12,336,482	−9.8%	1.67%
SYK	Stryker Corp Healthcare	Reduced	37,200	-35	$12,223,548	−6.6%	1.66%
LSTR	Landstar System Inc Industrials	Reduced	66,909	-55	$10,726,181	+11.5%	1.45%
CRM	Salesforce, Inc. Technology	Reduced	56,355	-1,450	$10,519,787	−31.3%	1.42%
ICLR	Icon PLC Healthcare	Held	79,203	0	$8,764,603	−39.3%	1.19%
WAT	Waters Corp /De/ Healthcare	Reduced	29,003	-95	$8,637,093	−21.9%	1.17%
CVS	CVS HEALTH Corp Healthcare	Reduced	113,371	-1,465	$8,142,305	−10.7%	1.10%
MDLZ	Mondelez International, Inc. Consumer Defensive	Reduced	138,378	-1,631	$7,976,107	+5.8%	1.08%
YETI	YETI Holdings, Inc. Consumer Cyclical	Reduced	217,430	-2,500	$7,955,763	−18.1%	1.08%
HD	Home Depot, Inc. Consumer Cyclical	Held	23,098	0	$7,596,701	−4.4%	1.03%
DIS	Walt Disney Co Communication Services	Reduced	73,666	-100	$7,099,929	−15.4%	0.96%
PNC	Pnc Financial Services Group, Inc. Financial Services	Held	33,424	0	$6,955,200	−0.3%	0.94%
CHDN	Churchill Downs Inc Consumer Cyclical	Reduced	72,654	-432	$6,526,508	−21.5%	0.88%
GE	General Electric Co Industrials	Reduced	22,204	-188	$6,300,829	−8.6%	0.85%
MDT	Medtronic plc Healthcare	Reduced	61,403	-235	$5,320,569	−10.1%	0.72%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	29,441	-49	$4,867,774	+2.9%	0.66%
HSY	Hershey Co Consumer Defensive	Reduced	23,215	-350	$4,826,166	+12.5%	0.65%
KO	Coca Cola Co Consumer Defensive	Reduced	61,690	-344	$4,691,524	+8.2%	0.64%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	12,788	-177	$3,974,382	+0.3%	0.54%
LLY	ELI LILLY & Co Healthcare	Reduced	4,083	-173	$3,755,420	−17.9%	0.51%
ABBV	AbbVie Inc. Healthcare	Reduced	15,215	-152	$3,309,110	−5.8%	0.45%
GEV	GE Vernova Inc. Industrials	Reduced	3,763	-79	$3,284,722	+30.8%	0.44%
CLAR	Clarus Corp Consumer Cyclical	Added	1,146,739	+141,375	$3,119,130	−7.4%	0.42%
SJM	J M SMUCKER Co Consumer Defensive	Reduced	31,348	-295	$3,023,201	−2.3%	0.41%
MO	Altria Group, Inc. Consumer Defensive	Reduced	43,227	-6,561	$2,852,549	−0.6%	0.39%
CVX	Chevron Corp Energy	Reduced	11,543	-116	$2,388,246	+34.4%	0.32%
CL	Colgate Palmolive Co Consumer Defensive	Held	27,486	0	$2,342,631	+7.9%	0.32%
TPB	Turning Point Brands, Inc. Consumer Defensive	Reduced	25,470	-5,300	$2,210,541	−33.7%	0.30%
ABT	Abbott Laboratories Healthcare	Reduced	21,436	-296	$2,200,834	−19.2%	0.30%
SMG	Scotts Miracle-Gro Co Basic Materials	Reduced	27,535	-1,400	$1,674,403	−0.8%	0.23%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	28,249	-670	$1,492,112	−19.0%	0.20%
IBM	International Business Machines Corp Technology	Reduced	6,110	-164	$1,481,002	−20.3%	0.20%
RELL	Richardson Electronics, Ltd. Technology	Held	134,316	0	$1,470,760	+0.6%	0.20%