MARSHALL & SULLIVAN INC /WA/

CIK

820123

Location

SEATTLE, WA

Portfolio Value

Small $169,235,738

Diversification

Diversified

Filing Date

Global Rank

#4,524 / 7,976 ▼ 110

Top Industry

Software - Infrastructure 10.7%

3Y Alpha vs SPY

-8.6%

Period ended 9 months ago

Filed Oct 15, 2025 · 8mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+41.4%

SPY

+76.5%

Annualised alpha

-8.6%

Max drawdown

−16.2%

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

37 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

10.2%

+0.1 pts

Top 5

29.6%

+1.4 pts

Top 10

50.0%

+1.5 pts

HHI

422

Diversified+19

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Technology	23.5%	$39,702,938	6
Healthcare	20.1%	$33,989,781	7
Consumer Cyclical	16.3%	$27,602,687	7
Financial Services	10.8%	$18,200,685	4
Communication Services	9.1%	$15,416,154	2
Consumer Defensive	6.8%	$11,465,209	3
Unclassified	5.0%	$8,543,776	4
Basic Materials	4.3%	$7,321,175	1
Industrials	4.0%	$6,705,943	2
Utilities	0.2%	$287,390	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
FTV	Fortive Corp	+1,630	63,691	$3,120,222
PEP	Pepsico Inc	+672	32,358	$4,544,357
PYPL	PayPal Holdings, Inc.	+622	35,259	$2,364,468
AAPL	Apple Inc.	+461	25,646	$6,530,240
BDX	Becton Dickinson & Co	+332	19,769	$2,908,933
UNH	Unitedhealth Group Inc	+298	12,229	$4,222,673
CCK	Crown Holdings, Inc.	+271	57,456	$5,549,675
DHR	Danaher Corp /De/	+257	23,579	$4,674,772
FISV	Fiserv Inc	+255	37,435	$4,826,494
JNJ	Johnson & Johnson	+246	30,455	$5,646,966
ADBE	Adobe Inc.	+169	11,789	$4,158,569
TMO	Thermo Fisher Scientific Inc.	+56	8,876	$4,305,037
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−3,141	39,725	$9,657,147
LRCX	Lam Research Corp	−3,108	62,111	$8,316,662
SCHW	Schwab Charles Corp	−1,069	72,973	$6,966,732
MNST	Monster Beverage Corp	−628	86,511	$5,823,055
MSFT	Microsoft Corp	−533	33,331	$17,263,791
AMZN	Amazon Com Inc	−516	30,911	$6,787,128
RTX	RTX Corp	−341	38,568	$6,453,583
META	Meta Platforms, Inc.	−274	7,842	$5,759,007
ROK	Rockwell Automation, Inc	−228	722	$252,360
SYK	Stryker Corp	−175	18,532	$6,850,724
MA	Mastercard Inc	−175	13,322	$7,577,686
LLY	ELI LILLY & Co	−162	7,052	$5,380,676
LIN	Linde PLC	−138	15,413	$7,321,175
HD	Home Depot, Inc.	−63	17,108	$6,931,990
SBUX	Starbucks Corp	−55	2,959	$250,331
SPY	Spdr S&P 500 ETF Trust	−45	4,502	$2,999,142
BKNG	Booking Holdings Inc.	−32	1,282	$6,921,864
COST	Costco Wholesale Corp /New	−26	1,186	$1,097,797
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

25 positions

Ticker	Company	Shares	Value
RAL	Ralliant Corp	20,368	$987,644
MRK	Merck & Co., Inc.	2,450	$193,942
JPM	Jpmorgan Chase & Co	599	$173,656
HFWA	Heritage Financial Corp /Wa/	6,144	$146,472
GE	General Electric Co	534	$137,446
ORCL	Oracle Corp	600	$131,178
ANET	Arista Networks, Inc.	1,200	$122,772
WAFD	Wafd Inc	3,873	$113,401
CVX	Chevron Corp	769	$110,113
BA	Boeing Co	518	$108,536
YUM	Yum Brands Inc	712	$105,504
PG	PROCTER & GAMBLE Co	659	$104,991
MCD	Mcdonalds Corp	307	$89,696
V	Visa Inc.	251	$89,117
MDY	Spdr S&P Midcap 400 ETF Trust	157	$88,937
SHEL	Shell plc	1,200	$84,492
CRM	Salesforce, Inc.	275	$74,989
VLTO	Veralto Corp	737	$74,400
GEV	GE Vernova Inc.	133	$70,376
WCN	Waste Connections, Inc.	375	$70,020
DIA	Spdr Dow Jones Industrial Average ETF Trust	153	$67,419
BAC	Bank Of America Corp /De/	1,133	$53,613
XEL	Xcel Energy Inc	642	$43,720
PCAR	Paccar Inc	450	$42,777
MD	Pediatrix Medical Group, Inc.	2,891	$41,485
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

37 positions · $169,235,738 total · as of Sep 30, 2025

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	33,331	-533	$17,263,791	+2.5%	10.20%
GOOGL	Alphabet Inc. Communication Services	Reduced	39,725	-3,141	$9,657,147	+27.8%	5.71%
LRCX	Lam Research Corp Technology	Reduced	62,111	-3,108	$8,316,662	+31.0%	4.91%
MA	Mastercard Inc Financial Services	Reduced	13,322	-175	$7,577,686	−0.1%	4.48%
LIN	Linde PLC Basic Materials	Reduced	15,413	-138	$7,321,175	+0.3%	4.33%
SCHW	Schwab Charles Corp Financial Services	Reduced	72,973	-1,069	$6,966,732	+3.1%	4.12%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	17,108	-63	$6,931,990	+10.1%	4.10%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	1,282	-32	$6,921,864	−9.0%	4.09%
SYK	Stryker Corp Healthcare	Reduced	18,532	-175	$6,850,724	−7.4%	4.05%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	30,911	-516	$6,787,128	−1.6%	4.01%
AAPL	Apple Inc. Technology	Added	25,646	+461	$6,530,240	+26.4%	3.86%
RTX	RTX Corp Industrials	Reduced	38,568	-341	$6,453,583	+13.6%	3.81%
MNST	Monster Beverage Corp Consumer Defensive	Reduced	86,511	-628	$5,823,055	+6.7%	3.44%
META	Meta Platforms, Inc. Communication Services	Reduced	7,842	-274	$5,759,007	−3.9%	3.40%
JNJ	Johnson & Johnson Healthcare	Added	30,455	+246	$5,646,966	+22.4%	3.34%
CCK	Crown Holdings, Inc. Consumer Cyclical	Added	57,456	+271	$5,549,675	−5.8%	3.28%
LLY	ELI LILLY & Co Healthcare	Reduced	7,052	-162	$5,380,676	−4.3%	3.18%
FISV	Fiserv Inc	Added	37,435	+255	$4,826,494	−24.7%	2.85%
DHR	Danaher Corp /De/ Healthcare	Added	23,579	+257	$4,674,772	+1.5%	2.76%
PEP	Pepsico Inc Consumer Defensive	Added	32,358	+672	$4,544,357	+8.6%	2.69%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	8,876	+56	$4,305,037	+20.4%	2.54%
UNH	Unitedhealth Group Inc Healthcare	Added	12,229	+298	$4,222,673	+13.4%	2.50%
ADBE	Adobe Inc. Technology	Added	11,789	+169	$4,158,569	−7.5%	2.46%
FTV	Fortive Corp Technology	Added	63,691	+1,630	$3,120,222	−3.6%	1.84%
SPY	Spdr S&P 500 ETF Trust	Reduced	4,502	-45	$2,999,142	+6.8%	1.77%
BDX	Becton Dickinson & Co Healthcare	Added	19,769	+332	$2,908,933	+10.5%	1.72%
PYPL	PayPal Holdings, Inc. Financial Services	Added	35,259	+622	$2,364,468	−8.1%	1.40%
GBCI	Glacier Bancorp, Inc. Financial Services	Held	26,542	0	$1,291,799	+13.0%	0.76%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,186	-26	$1,097,797	−8.5%	0.65%
NKE	NIKE, Inc. Consumer Cyclical	Held	11,494	0	$801,476	−1.8%	0.47%
GBTC	Grayscale Bitcoin Trust ETF	Held	4,040	0	$362,670	+5.8%	0.21%
TSLA	Tesla, Inc. Consumer Cyclical	Held	810	0	$360,223	+40.0%	0.21%
GLD	Spdr Gold Trust	Held	1,000	0	$355,470	+16.6%	0.21%
NVDA	Nvidia Corp Technology	Held	1,680	0	$313,454	+18.1%	0.19%
NEE	Nextera Energy Inc Utilities	Held	3,807	0	$287,390	+8.7%	0.17%
ROK	Rockwell Automation, Inc Industrials	Reduced	722	-228	$252,360	−20.0%	0.15%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	2,959	-55	$250,331	−9.4%	0.15%