Paul Lountzis - Lountzis Asset Management 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Lountzis Asset Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Apr 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 Q1 2025, the filing reported:

New Buys - Apple Inc., Berkshire Hathaway Inc., Cadence Design Systems, Inc., IDEXX Laboratories, Inc., Eli Lilly and Company, and 3 more

Increases - Applied Materials, Inc., The Bank of New York Mellon Cor, Alphabet Inc., Johnson & Johnson, Microsoft Corporation, and 2 more

Reductions - Berkshire Hathaway Inc. New, Brown & Brown, Inc., Elevance Health, Inc., Fairfax Financial Holdings Ltd., Alphabet Inc., and 15 more

Complete Exits - Becton, Dickinson and Company, CarMax 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
Q1 2025	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+1,802	-	$378.67K	1,802
Q1 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Buy	+13,570	+12.7%	$18.13M	120,219
Q1 2025	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Sell - Position Exit	-965	-100.0%	$0.00	-
Q1 2025	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+400	+4.8%	$698.54K	8,800
Q1 2025	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Buy - Position Entry	+1	-	$797.75K	1
Q1 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-2,269	-1.6%	$71.87M	135,371
Q1 2025	BRO Brown & Brown, Inc.	Brown & Brown, Inc.	Sell	-11,821	-9.8%	$12.53M	109,081
Q1 2025	CDNS Cadence Design Systems, Inc.	Cadence Design Systems, Inc.	Buy - Position Entry	+44,413	-	$12.69M	44,413
Q1 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-177	-19.0%	$312.43K	755
Q1 2025	FRFHF Fairfax Financial Holdings Ltd.	Fairfax Financial Holdings Ltd.	Sell	-28	-9.7%	$402.57K	262
Q1 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-903	-13.4%	$944.80K	5,817
Q1 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+127	+0.3%	$7.99M	49,772
Q1 2025	IDXX IDEXX Laboratories, Inc.	IDEXX Laboratories, Inc.	Buy - Position Entry	+32,696	-	$14.19M	32,696
Q1 2025	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+274	+12.2%	$390.24K	2,512
Q1 2025	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-59	-4.3%	$320.16K	1,308
Q1 2025	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-423	-0.4%	$12.06M	105,861
Q1 2025	KMX CarMax Inc	CarMax Inc	Sell - Position Exit	-5,597	-100.0%	$0.00	-
Q1 2025	LH Labcorp Holdings Inc.	Labcorp Holdings Inc.	Sell	-129	-1.4%	$2.11M	9,179
Q1 2025	LLY Eli Lilly and Company	Eli Lilly and Company	Buy - Position Entry	+292	-	$256.17K	292
Q1 2025	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-158	-1.8%	$939.79K	8,802
Q1 2025	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-152	-1.8%	$4.28M	8,502
Q1 2025	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+271	+24.4%	$540.58K	1,382
Q1 2025	NET Cloudflare, Inc.	Cloudflare, Inc.	Sell	-434	-1.5%	$3.46M	28,558
Q1 2025	ORCL Oracle Corporation	Oracle Corporation	Buy	+29,786	+49.2%	$12.66M	90,341
Q1 2025	PCOR Procore Technologies, Inc.	Procore Technologies, Inc.	Sell	-451	-0.5%	$6.33M	99,355
Q1 2025	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-312	-0.8%	$5.11M	38,197
Q1 2025	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell	-6,401	-8.1%	$19.53M	72,454
Q1 2025	PM Philip Morris International Inc	Philip Morris International Inc	Buy - Position Entry	+1,522	-	$257.48K	1,522
Q1 2025	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-3,950	-43.3%	$414.21K	5,166
Q1 2025	SKYT SkyWater Technology, Inc.	SkyWater Technology, Inc.	Buy	+4,618	+1.6%	$2.15M	291,940

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