M.D. Sass, LLC

New York, NY · CIK 922940 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 1972 · limited liability company

Assets managed$2.1bn
Staff19 · 10 in investment roles
Main clients (by assets)Pension plans 51%, High net worth individuals 18%, Private funds 12%
Private funds2 (2 hedge) · $150.6m gross assets
Form ADV · 2026-03-31SEC adviser record

Legal entityM.D. Sass, LLC (US)

Kindhedge funds, institutions, futures
Others nearbyNew York, NY

As an employer

Offices in1 country
Private fundshedge 2

$1.5bn reported value +14.5% vs Q1 2026

38positions

53.9%in top 10

9 new 12 added 13 reduced 7 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($20.1m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	HENRY SCHEIN INC COM HSIC	HSIC	1,286,942	$107.5m7.12%	7.12%	Added +13.6k	+13,626 1.1%
2	AMAZON COM INC COM AMZN	AMZN	399,702	$95.3m6.31%	6.31%	Added +135.7k	+135,729 51.4%
3	WILLIAMS COS INC COM WMB	WMB	1,087,582	$80.9m5.35%	5.35%	Reduced -86.3k	-86,338 -7.3%
4	CLEAN HARBORS INC COM CLH	CLH	270,507	$80.8m5.35%	5.35%	Added +18.0k	+17,967 7.1%
5	AMETEK INC COM AME	AME	333,370	$80.7m5.34%	5.34%	Reduced -28.4k	-28,425 -7.9%
6	PRIMO BRANDS CORPORATION CLASS A COM SHS PRMB	PRMB	3,142,134	$76.8m5.09%	5.09%	Reduced -240.9k	-240,883 -7.1%
7	QUEST DIAGNOSTICS INC COM DGX	DGX	360,453	$76.4m5.06%	5.06%	Added +61.0k	+60,994 20.4%
8	CAPITAL ONE FINL CORP COM COF	COF	363,556	$72.9m4.83%	4.83%	Added +70.7k	+70,655 24.1%
9	RBB FUND TRUST M D SASS CONCEN SASS	SASS	2,854,897	$72.2m4.78%	4.78%	Reduced -29.1k	-29,103 -1.0%
10	STANDARDAERO INC COM SARO	SARO	2,346,749	$70.2m4.65%	4.65%	Added +197.1k	+197,069 9.2%
11	SOMNIGROUP INTERNATIONAL INC COM SGI	SGI	836,265	$65.6m4.34%	4.34%	Added +193.9k	+193,911 30.2%
12	C H ROBINSON WORLDWIDE INC COM NEW CHRW	CHRW	343,461	$64.7m4.28%	4.28%	Added +117.5k	+117,497 52.0%
13	MARTIN MARIETTA MATLS INC COM MLM	MLM	107,511	$62.0m4.11%	4.11%	Added +4.4k	+4,402 4.3%
14	ANALOG DEVICES INC COM ADI	ADI	154,854	$61.5m4.07%	4.07%	New
15	WELLTOWER INC COM WELL	WELL	237,876	$54.0m3.58%	3.58%	Reduced -17.7k	-17,716 -6.9%
16	SANDISK CORP COM SNDK	SNDK	21,968	$49.9m3.31%	3.31%	New
17	TD SYNNEX CORPORATION COM SNX	SNX	186,193	$49.8m3.30%	3.30%	New
18	KNIGHT-SWIFT TRANSN HLDGS IN CL A KNX	KNX	615,596	$47.9m3.17%	3.17%	New
19	FLOWSERVE CORP COM FLS	FLS	634,613	$47.1m3.12%	3.12%	New
20	API GROUP CORP COM STK APG	APG	892,624	$37.8m2.50%	2.50%	Reduced -491.0k	-491,011 -35.5%
21	ENTEGRIS INC COM ENTG	ENTG	157,517	$28.3m1.88%	1.88%	New
22	QNITY ELECTRONICS INC COMMON STOCK Q	Q	161,737	$26.4m1.75%	1.75%	New
23	MARVELL TECHNOLOGY INC COM MRVL	MRVL	67,899	$20.2m1.34%	1.34%	Reduced -8.9k	-8,879 -11.6%
24	PALO ALTO NETWORKS INC COM PANW	PANW	35,885	$12.2m0.81%	0.81%	Reduced -14.6k	-14,631 -29.0%
25	AMPHENOL CORP CL A APH	APH	63,907	$11.3m0.75%	0.75%	Added +7.7k	+7,725 13.8%
26	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	11,940	$8.9m0.59%	0.59%	Added +500	+500 4.4%
27	DANAHER CORPORATION COM DHR	DHR	41,926	$8.0m0.53%	0.53%	Reduced -159.3k	-159,275 -79.2%
28	ISHARES TR RUS 1000 VAL ETF IWD	IWD	31,554	$7.6m0.51%	0.51%	Reduced -1.4k	-1,430 -4.3%
29	GUIDEWIRE SOFTWARE INC COM GWRE	GWRE	55,208	$6.8m0.45%	0.45%	Unchanged
30	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	12,887	$4.8m0.32%	0.32%	Unchanged
31	ISHARES TR MSCI ACWI EX US ACWX	ACWX	57,340	$4.4m0.29%	0.29%	Unchanged
32	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,523	$3.8m0.25%	0.25%	Added +3.5k	+3,492 49.7%
33	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	28,450	$3.5m0.23%	0.23%	Reduced -345.9k	-345,918 -92.4%
34	MICRON TECHNOLOGY INC COM MU	MU	2,567	$3.0m0.20%	0.20%	New
35	BWX TECHNOLOGIES INC COM BWXT	BWXT	13,453	$2.6m0.17%	0.17%	Unchanged
36	MICROSOFT CORP COM MSFT	MSFT	5,596	$2.1m0.14%	0.14%	Reduced -4.1k	-4,112 -42.4%
37	NVIDIA CORPORATION COM NVDA	NVDA	9,642	$1.9m0.13%	0.13%	New
38	QUANTA SVCS INC COM PWR	PWR	332	$239.1k0.02%	0.02%	Reduced -63.1k	-63,110 -99.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
FAIR ISAAC CORP FICO	FICO	44,221	$47.2m44.2k shares
AON PLC AON	AON	142,362	$46.0m142.4k shares
CBRE GROUP INC CBRE	CBRE	290,485	$39.3m290.5k shares
SYNOPSYS INC SNPS	SNPS	76,822	$30.5m76.8k shares
GILDAN ACTIVEWEAR INC GIL	GIL	396,504	$22.1m396.5k shares
CACI INTL INC CACI	CACI	9,316	$5.1m9.3k shares
ISHARES TR HYG	HYG	12,400	$986.5k12.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MARVELL TECHNOLOGY INC MRVL · Put	MRVL	Put	67,600	$20.1m67.6k shares	New