Paul Lountzis - Lountzis Asset Management 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Oct 30, 2025, the Lountzis Asset Management portfolio showed several notable changes in holdings as of quarter-end Sep 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