Paul Lountzis – Lountzis Asset Management Portfolio Activity & Recent Trades (Sep 30, 2025)

As of Sep 30, 2025, the Lountzis Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Oct 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 Q3 2025, the filing reported:

New Buys – TJX Companies, Inc. (The)

Increases – Apple Inc., Vanguard S&P 500 ETF

Reductions – Applied Materials, Inc., Berkshire Hathaway Inc. New, Brown & Brown, Inc., Constellation Software, Inc., Fairfax Financial Holdings Ltd., and 16 more

Complete Exits – Elevance Health, Inc.

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
Q3 2025	AAPL Apple Inc.	Apple Inc.	Buy	+48	+2.7%	$471.07K	1,850
Q3 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-96	-0.1%	$24.60M	120,159
Q3 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-270	-0.2%	$67.92M	135,098
Q3 2025	BRO Brown & Brown, Inc.	Brown & Brown, Inc.	Sell	-118	-0.1%	$10.19M	108,600
Q3 2025	CNSWF Constellation Software, Inc.	Constellation Software, Inc.	Sell	-3	-1.0%	$844.39K	311
Q3 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell - Position Exit	-755	-100.0%	$0.00	-
Q3 2025	FRFHF Fairfax Financial Holdings Ltd.	Fairfax Financial Holdings Ltd.	Sell	-18	-6.9%	$426.79K	244
Q3 2025	GEF Greif Inc.	Greif Inc.	Sell	-1,950	-32.8%	$241.28K	4,000
Q3 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-186	-0.4%	$11.82M	48,634
Q3 2025	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-55	-1.4%	$676.62K	4,016
Q3 2025	J Jacobs Solutions Inc.	Jacobs Solutions Inc.	Sell	-72	-2.7%	$389.49K	2,599
Q3 2025	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-100	-8.2%	$352.02K	1,116
Q3 2025	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-69	-0.1%	$13.75M	105,792
Q3 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-7	-0.7%	$716.02K	975
Q3 2025	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-350	-4.0%	$1.07M	8,327
Q3 2025	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-31	-0.4%	$5.34M	8,471
Q3 2025	NET Cloudflare, Inc.	Cloudflare, Inc.	Sell	-1	-0.0%	$6.13M	28,557
Q3 2025	ORCL Oracle Corporation	Oracle Corporation	Sell	-207	-0.2%	$25.35M	90,134
Q3 2025	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell	-243	-0.3%	$17.81M	72,107
Q3 2025	RR. Rolls-Royce	Rolls-Royce	Sell	-1,138	-6.5%	$262.40K	16,411
Q3 2025	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-104	-2.0%	$483.27K	5,062
Q3 2025	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy - Position Entry	+1,386	-	$200.33K	1,386
Q3 2025	VOO Vanguard S&P 500 ETF	Vanguard S&P 500 ETF	Buy	+16	+1.6%	$630.09K	1,026
Q3 2025	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-1,351	-0.5%	$20.79M	248,077
Q3 2025	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell	-1,350	-19.5%	$627.68K	5,567
Q2 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Buy	+36	+0.0%	$22.02M	120,255
Q2 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-3	-0.0%	$65.76M	135,368
Q2 2025	BRO Brown & Brown, Inc.	Brown & Brown, Inc.	Sell	-363	-0.3%	$12.05M	108,718
Q2 2025	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-99	-16.8%	$249.11K	489
Q2 2025	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Buy	+16	+0.0%	$13.69M	44,429