MARSHALL & SULLIVAN INC /WA/

CIK

820123

Location

SEATTLE, WA

Portfolio Value

Small $215,683,154

Diversification

Diversified

Filing Date

Global Rank

#5,697 / 8,113 ▼ 107 · as of Sep 2025

Top Industry

Software - Infrastructure 10.6%

Period ended 1 year ago

Filed Oct 15, 2025 · 1y

23 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

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 49.6%, 22.4 effective positions, active share 70.9% against the S&P 500 as of 2025-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

4.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.3 quarters (12+), a floor since 83.0% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2025-09-30, active share 70.9%; sector active share 25.8% against the combined 13F book's sector weights.

Over time 23 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

43 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

12.6%

+0.8 pts

Top 5

33.1%

+2.0 pts

Top 10

49.6%

+1.3 pts

HHI

446

Diversified+27

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Unclassified	24.6%	$53,064,850	8
Technology	18.4%	$39,702,938	6
Healthcare	16.1%	$34,781,011	7
Consumer Cyclical	12.8%	$27,602,687	7
Financial Services	8.8%	$18,954,885	5
Communication Services	7.3%	$15,797,066	3
Consumer Defensive	5.3%	$11,465,209	3
Basic Materials	3.4%	$7,321,175	1
Industrials	3.1%	$6,705,943	2
Utilities	0.1%	$287,390	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
VB	Vanguard Index Funds	+2,665	12,076	$3,070,685
FTV	Fortive Corp	+1,630	63,691	$3,120,222
EEM	iShares MSCI Emerging Markets ETF	+987	107,516	$5,741,354
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	$3,700,163
UNH	Unitedhealth Group Inc	+298	12,229	$4,222,673
CCK	Crown Holdings, Inc.	+271	57,456	$5,549,675
DHR	Danaher Corp	+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

21 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
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−1,014	158,812	$8,604,434
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
MA	Mastercard Inc	−175	13,322	$7,577,686
SYK	Stryker Corp	−175	18,532	$6,850,724
LLY	ELI LILLY & Co	−162	7,052	$5,380,676
IWM	iShares Russell 2000 ETF	−142	112,021	$27,104,601
LIN	Linde PLC	−138	15,413	$7,321,175
GOOG	Alphabet Inc.	−120	1,564	$380,912
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	−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	6,144	$146,472
GE	General Electric Co	534	$137,446
ORCL	Oracle Corp	600	$131,178
XLF	State Street Corp	2,400	$125,688
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
ITOT	iShares Core S&P Total U.S. Stock Market ETF	520	$70,220
WCN	Waste Connections, Inc.	375	$70,020
DIA	Spdr Dow Jones Industrial Average ETF Trust	153	$67,419
VTV	VANGUARD VALUE INDEX FUND	317	$56,026
UL	Unilever PLC	900	$55,108
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 tracked positions · $215,683,154 total · filing declares 43 positions · $215,682,955 · 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	Held (qtrs)	Est. cost/share	% of Portfolio
IWM	iShares Russell 2000 ETF	Reduced	112,021	-142	$27,104,601	+12.0%	23+	before history	12.57%
MSFT	Microsoft Corp Technology	Reduced	33,331	-533	$17,263,791	+2.5%	23+	before history	8.00%
GOOGL	Alphabet Inc. Communication Services	Reduced	39,725	-3,141	$9,657,147	+27.8%	23+	before history	4.48%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	158,812	-1,014	$8,604,434	+8.8%	23+	before history	3.99%
LRCX	Lam Research Corp Technology	Reduced	62,111	-3,108	$8,316,662	+31.0%	17	unpriced	3.86%
MA	Mastercard Inc Financial Services	Reduced	13,322	-175	$7,577,686	−0.1%	23+	before history	3.51%
LIN	Linde PLC Basic Materials	Reduced	15,413	-138	$7,321,175	+0.3%	11	$334.89	3.39%
SCHW	Schwab Charles Corp Financial Services	Reduced	72,973	-1,069	$6,966,732	+3.1%	17	$70.75	3.23%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	17,108	-63	$6,931,990	+10.1%	23+	before history	3.21%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	1,282	-32	$6,921,864	−9.0%	23+	before history	3.21%
SYK	Stryker Corp Healthcare	Reduced	18,532	-175	$6,850,724	−7.4%	23+	before history	3.18%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	30,911	-516	$6,787,128	−1.6%	23+	before history	3.15%
AAPL	Apple Inc. Technology	Added	25,646	+461	$6,530,240	+26.4%	23+	before history	3.03%
RTX	RTX Corp Industrials	Reduced	38,568	-341	$6,453,583	+13.6%	14	$96.31	2.99%
MNST	Monster Beverage Corp Consumer Defensive	Reduced	86,511	-628	$5,823,055	+6.7%	23+	before history	2.70%
META	Meta Platforms, Inc. Communication Services	Reduced	7,842	-274	$5,759,007	−3.9%	23+	before history	2.67%
EEM	iShares MSCI Emerging Markets ETF	Added	107,516	+987	$5,741,354	+11.7%	23+	before history	2.66%
JNJ	Johnson & Johnson Healthcare	Added	30,455	+246	$5,646,966	+22.4%	23+	before history	2.62%
CCK	Crown Holdings, Inc. Consumer Cyclical	Added	57,456	+271	$5,549,675	−5.8%	23+	before history	2.57%
LLY	ELI LILLY & Co Healthcare	Reduced	7,052	-162	$5,380,676	−4.3%	23+	before history	2.49%
FISV	Fiserv Inc	Added	37,435	+255	$4,826,494	−24.7%	23+	before history	2.24%
DHR	Danaher Corp Healthcare	Added	23,579	+257	$4,674,772	+1.5%	23+	before history	2.17%
PEP	Pepsico Inc Consumer Defensive	Added	32,358	+672	$4,544,357	+8.6%	23+	before history	2.11%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	8,876	+56	$4,305,037	+20.4%	23+	before history	2.00%
UNH	Unitedhealth Group Inc Healthcare	Added	12,229	+298	$4,222,673	+13.4%	23+	before history	1.96%
ADBE	Adobe Inc. Technology	Added	11,789	+169	$4,158,569	−7.5%	23+	before history	1.93%
BDX	Becton Dickinson & Co Healthcare	Added	19,769	+332	$3,700,163	+10.5%	23+	before history	1.72%
FTV	Fortive Corp Technology	Added	63,691	+1,630	$3,120,222	−3.6%	23+	before history	1.45%
VB	Vanguard Index Funds	Added	12,076	+2,665	$3,070,685	+37.7%	3	$234.98	1.42%
SPY	Spdr S&P 500 ETF Trust	Reduced	4,502	-45	$2,999,142	+6.8%	23+	before history	1.39%
PYPL	PayPal Holdings, Inc. Financial Services	Added	35,259	+622	$2,364,468	−8.1%	23+	before history	1.10%
GBCI	Glacier Bancorp, Inc. Financial Services	Held	26,542	0	$1,291,799	+13.0%	12	$53.79	0.60%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	1,186	-26	$1,097,797	−8.5%	23+	before history	0.51%
NKE	NIKE, Inc. Consumer Cyclical	Held	11,494	0	$801,476	−1.8%	12	$100.69	0.37%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	1	0	$754,200	+3.5%	3	$729,330.80	0.35%
GOOG	Alphabet Inc. Communication Services	Reduced	1,564	-120	$380,912	+27.5%	23+	before history	0.18%
GBTC	Grayscale Bitcoin Trust ETF	Held	4,040	0	$362,670	+5.8%	7	$42.88	0.17%
TSLA	Tesla, Inc. Consumer Cyclical	Held	810	0	$360,223	+40.0%	2	$301.28	0.17%
GLD	Spdr Gold Trust	Held	1,000	0	$355,470	+16.6%	7	$191.93	0.16%
NVDA	Nvidia Corp Technology	Held	1,680	0	$313,454	+18.1%	2	$125.85	0.15%
NEE	Nextera Energy Inc Utilities	Held	3,807	0	$287,390	+8.7%	23+	before history	0.13%
ROK	Rockwell Automation, Inc Industrials	Reduced	722	-228	$252,360	−20.0%	22	$239.58	0.12%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	2,959	-55	$250,331	−9.4%	23+	before history	0.12%

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.