David Lemons - Alapocas Investment Partners 13F Activity & Position Changes (Q2 2025)

According to the SEC 13F filed on Jul 30, 2025, the Alapocas Investment Partners portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - Apple Inc., Adobe Inc., Automatic Data Processing, Inc., Align Technology, Inc., American Tower Corporation (REI, and 15 more

Complete Exits - NVR, Inc., Progressive Corporation (The)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2025	AAPL Apple Inc.	Apple Inc.	Sell	-3,634	-5.9%	$11.84M	57,726
Q2 2025	ADBE Adobe Inc.	Adobe Inc.	Sell	-7	-0.0%	$12.04M	31,115
Q2 2025	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Sell	-1,030	-14.8%	$1.83M	5,949
Q2 2025	ALGN Align Technology, Inc.	Align Technology, Inc.	Sell	-2,035	-5.7%	$6.39M	33,774
Q2 2025	AMT American Tower Corporation (REI	American Tower Corporation (REI	Sell	-960	-16.7%	$1.06M	4,791
Q2 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-4,633	-5.5%	$17.41M	79,344
Q2 2025	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-1,125	-10.8%	$9.16M	9,248
Q2 2025	CPRT Copart, Inc.	Copart, Inc.	Sell	-11,931	-6.2%	$8.92M	181,711
Q2 2025	DHR Danaher Corporation	Danaher Corporation	Sell	-1,553	-7.6%	$3.73M	18,896
Q2 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-2,748	-3.3%	$14.35M	80,909
Q2 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-1,500	-27.8%	$687.30K	3,900
Q2 2025	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-50	-1.2%	$2.33M	4,152
Q2 2025	MCO Moody's Corporation	Moody's Corporation	Sell	-1,313	-6.1%	$10.19M	20,306
Q2 2025	NVR NVR, Inc.	NVR, Inc.	Sell - Position Exit	-31	-100.0%	$0.00	-
Q2 2025	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell - Position Exit	-901	-100.0%	$0.00	-
Q2 2025	QLYS Qualys, Inc.	Qualys, Inc.	Sell	-2,089	-3.9%	$7.31M	51,156
Q2 2025	RACE Ferrari	Ferrari	Sell	-1,358	-6.6%	$9.42M	19,198
Q2 2025	STLA Stellantis	Stellantis	Sell	-14,867	-3.0%	$4.76M	474,584
Q2 2025	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell	-6,005	-6.9%	$9.95M	80,548
Q2 2025	TREX Trex Company, Inc.	Trex Company, Inc.	Sell	-6,176	-5.4%	$5.91M	108,701
Q2 2025	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-830	-5.3%	$4.60M	14,737
Q2 2025	V Visa Inc.	Visa Inc.	Sell	-3,009	-7.1%	$13.98M	39,361