MARSHALL INVESTMENT MANAGEMENT, LLC

CIK

2022427

Location

LITTLETON, CO

Portfolio Value

Micro $90,766,463

Diversification

Diversified

Filing Date

Global Rank

#5,902 / 8,605 ▲ 190 · as of Mar 2026

Top Industry

Insurance - Diversified 14.0%

3Y Alpha vs SPY

-3.1%

Period ended 3 months ago

Filed May 8, 2026 · 2mo

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jul 2026 · vs SPY

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

Cloned portfolio

+18.6%

SPY

+24.4%

Annualised alpha

-4.0%

Max drawdown

−15.3%

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

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

Top Position

22.3%

+0.9 pts

Top 5

53.9%

−1.2 pts

Top 10

76.7%

−3.3 pts

HHI

919

Diversified−11

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.9%	$22,639,410	27
Unclassified	24.4%	$22,130,690	7
Financial Services	16.9%	$15,303,657	20
Healthcare	10.1%	$9,193,990	11
Consumer Cyclical	7.7%	$6,967,846	17
Consumer Defensive	4.8%	$4,347,646	12
Utilities	4.5%	$4,084,780	7
Communication Services	4.3%	$3,884,785	11
Energy	1.2%	$1,044,663	7
Industrials	1.0%	$933,875	13
Basic Materials	0.2%	$221,950	5
Real Estate	0.0%	$13,171	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+8,574	11,147	$3,767,128
VZ	Verizon Communications Inc	+4,127	70,355	$3,531,821
AMZN	Amazon Com Inc	+2,524	32,203	$6,706,918
DUK	Duke Energy CORP	+1,833	26,428	$3,460,482
MSFT	Microsoft Corp	+1,631	20,199	$7,477,063
BRK-B	Berkshire Hathaway Inc	+1,616	20,019	$9,593,104
JPM	Jpmorgan Chase & Co	+941	16,393	$4,822,164
NVDA	Nvidia Corp	+855	26,746	$4,664,502
WMT	Walmart Inc.	+844	30,147	$3,746,669
CRWD	CrowdStrike Holdings, Inc.	+721	8,279	$808,051
AAPL	Apple Inc.	+533	19,465	$4,940,022
AMGN	Amgen Inc	+350	7,784	$2,738,800
MPLX	Mplx LP	+204	10,732	$612,475
LLY	ELI LILLY & Co	+161	3,944	$3,627,572
JNJ	Johnson & Johnson	+109	9,945	$2,430,955
AVGO	Broadcom Inc.	+88	922	$285,368
V	Visa Inc.	+65	936	$282,896
WEC	Wec Energy Group, Inc.	+37	4,481	$518,765
RTX	RTX Corp	+20	1,364	$263,115
LMT	Lockheed Martin Corp	+6	842	$508,896
VMC	Vulcan Materials CO	+2	704	$191,699
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	−4,994	2,709	$1,761,771
META	Meta Platforms, Inc.	−4,564	411	$235,145
GLD	Spdr Gold Trust	−1,363	47,049	$20,244,714
GS	Goldman Sachs Group Inc	−1	253	$214,035
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
XOM	Exxon Mobil Corp	1,355	$229,889
MU	Micron Technology Inc	627	$211,825
PM	Philip Morris International Inc.	975	$161,206
KO	Coca Cola Co	2,013	$153,088
OXY	Occidental Petroleum Corp /De/	2,309	$150,085
CSCO	Cisco Systems, Inc.	1,841	$142,843
PLTR	Palantir Technologies Inc.	963	$140,867
USB	US Bancorp De	2,514	$130,753
COST	Costco Wholesale Corp /New	100	$99,643
NDAQ	Nasdaq, Inc.	984	$83,531
SYY	Sysco Corp	1,170	$83,456
UPS	United Parcel Service Inc	840	$82,639
GOOGL	Alphabet Inc.	246	$70,739
MRK	Merck & Co., Inc.	543	$65,317
BKH	Black Hills Corp /Sd/	939	$65,175
ORCL	Oracle Corp	428	$62,963
PTY	Pimco Corporate & Income Opportunity Fund	4,733	$57,079
GH	Guardant Health, Inc.	480	$44,337
QQQ	Invesco Qqq Trust, Series 1	73	$42,134
MO	Altria Group, Inc.	624	$41,177
MDY	Spdr S&P Midcap 400 ETF Trust	61	$37,622
BA	Boeing Co	185	$36,820
DIA	Spdr Dow Jones Industrial Average ETF Trust	79	$36,592
CBSH	Commerce Bancshares Inc /Mo/	671	$33,013
HD	Home Depot, Inc.	100	$32,889
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

138 positions · $90,766,463 total · as of Mar 31, 2026

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

Showing 1–50 of 138 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GLD	Spdr Gold Trust	Reduced	47,049	-1,363	$20,244,714	+5.5%	22.30%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	20,019	+1,616	$9,593,104	+3.7%	10.57%
MSFT	Microsoft Corp Technology	Added	20,199	+1,631	$7,477,063	−16.7%	8.24%
AMZN	Amazon Com Inc Consumer Cyclical	Added	32,203	+2,524	$6,706,918	−2.1%	7.39%
AAPL	Apple Inc. Technology	Added	19,465	+533	$4,940,022	−4.0%	5.44%
JPM	Jpmorgan Chase & Co Financial Services	Added	16,393	+941	$4,822,164	−3.1%	5.31%
NVDA	Nvidia Corp Technology	Added	26,746	+855	$4,664,502	−3.4%	5.14%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	11,147	+8,574	$3,767,128	+381.8%	4.15%
WMT	Walmart Inc. Consumer Defensive	Added	30,147	+844	$3,746,669	+14.8%	4.13%
LLY	ELI LILLY & Co Healthcare	Added	3,944	+161	$3,627,572	−10.8%	4.00%
VZ	Verizon Communications Inc Communication Services	Added	70,355	+4,127	$3,531,821	+30.9%	3.89%
DUK	Duke Energy CORP Utilities	Added	26,428	+1,833	$3,460,482	+20.0%	3.81%
AMGN	Amgen Inc Healthcare	Added	7,784	+350	$2,738,800	+12.6%	3.02%
JNJ	Johnson & Johnson Healthcare	Added	9,945	+109	$2,430,955	+19.4%	2.68%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,709	-4,994	$1,761,771	−66.5%	1.94%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	8,279	+721	$808,051	−8.8%	0.89%
MPLX	Mplx LP Energy	Added	10,732	+204	$612,475	+9.0%	0.67%
WEC	Wec Energy Group, Inc. Utilities	Added	4,481	+37	$518,765	+10.7%	0.57%
LMT	Lockheed Martin Corp Industrials	Added	842	+6	$508,896	+25.9%	0.56%
AVGO	Broadcom Inc. Technology	Added	922	+88	$285,368	−1.1%	0.31%
V	Visa Inc. Financial Services	Added	936	+65	$282,896	−7.4%	0.31%
CVS	CVS HEALTH Corp Healthcare	Held	3,705	0	$266,093	−9.5%	0.29%
RTX	RTX Corp Industrials	Added	1,364	+20	$263,115	+6.7%	0.29%
META	Meta Platforms, Inc. Communication Services	Reduced	411	-4,564	$235,145	−92.8%	0.26%
XOM	Exxon Mobil Corp Energy	NEW	1,355	NEW	$229,889	NEW	0.25%
GS	Goldman Sachs Group Inc Financial Services	Reduced	253	-1	$214,035	−4.1%	0.24%
MU	Micron Technology Inc Technology	NEW	627	NEW	$211,825	NEW	0.23%
VMC	Vulcan Materials CO Basic Materials	Added	704	+2	$191,699	−4.3%	0.21%
PM	Philip Morris International Inc. Consumer Defensive	NEW	975	NEW	$161,206	NEW	0.18%
KO	Coca Cola Co Consumer Defensive	NEW	2,013	NEW	$153,088	NEW	0.17%
OXY	Occidental Petroleum Corp /De/ Energy	NEW	2,309	NEW	$150,085	NEW	0.17%
CSCO	Cisco Systems, Inc. Technology	NEW	1,841	NEW	$142,843	NEW	0.16%
PLTR	Palantir Technologies Inc. Technology	NEW	963	NEW	$140,867	NEW	0.16%
USB	US Bancorp De Financial Services	NEW	2,514	NEW	$130,753	NEW	0.14%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	100	NEW	$99,643	NEW	0.11%
NDAQ	Nasdaq, Inc. Financial Services	NEW	984	NEW	$83,531	NEW	0.09%
SYY	Sysco Corp Consumer Defensive	NEW	1,170	NEW	$83,456	NEW	0.09%
UPS	United Parcel Service Inc Industrials	NEW	840	NEW	$82,639	NEW	0.09%
GOOGL	Alphabet Inc. Communication Services	NEW	246	NEW	$70,739	NEW	0.08%
MRK	Merck & Co., Inc. Healthcare	NEW	543	NEW	$65,317	NEW	0.07%
BKH	Black Hills Corp /Sd/ Utilities	NEW	939	NEW	$65,175	NEW	0.07%
ORCL	Oracle Corp Technology	NEW	428	NEW	$62,963	NEW	0.07%
PTY	Pimco Corporate & Income Opportunity Fund Financial Services	NEW	4,733	NEW	$57,079	NEW	0.06%
GH	Guardant Health, Inc. Healthcare	NEW	480	NEW	$44,337	NEW	0.05%
QQQ	Invesco Qqq Trust, Series 1	NEW	73	NEW	$42,134	NEW	0.05%
MO	Altria Group, Inc. Consumer Defensive	NEW	624	NEW	$41,177	NEW	0.05%
MDY	Spdr S&P Midcap 400 ETF Trust	NEW	61	NEW	$37,622	NEW	0.04%
BA	Boeing Co Industrials	NEW	185	NEW	$36,820	NEW	0.04%
DIA	Spdr Dow Jones Industrial Average ETF Trust	NEW	79	NEW	$36,592	NEW	0.04%
CBSH	Commerce Bancshares Inc /Mo/ Financial Services	NEW	671	NEW	$33,013	NEW	0.04%