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M.D. Sass, LLC

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13F filer, CIK 922940, New York, NY

M.D. Sass, LLC reported $1,227,145,292 across 35 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-05. Its ten largest share positions make up 54.14% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-004587

Period
2025-09-30
Reported value
$1.23B
Holdings
35
Top 10 weight
54.14%
New
3
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ALCnew+511,800$38.1M
SAROnew+1,174,964$32.1M
APGadded+500,857$17.2M
SLMadded+580,581$16.1M
HSICadded+230,407$15.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
APHreduced-268,401-$33.2M
PWRreduced-71,730-$29.7M
FWONKreduced-194,032-$20.3M
WELLreduced-97,756-$17.4M
MLMreduced-25,797-$16.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001172661-25-004587, largest first. % of portfolio is the value over $1,224,709,592, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HSICSCHEIN HENRY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,084,196 shares; 2025Q3: 1,314,603 shares 1,314,603$87.3M7.12%+230,407Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 980,392 shares; 2025Q2: 1,024,833 shares; 2025Q3: 1,192,900 shares 1,192,900$75.6M6.17%+168,067Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 176,248 shares; 2024Q4: 155,987 shares; 2025Q1: 313,321 shares; 2025Q2: 356,654 shares; 2025Q3: 365,389 shares 365,389$72.4M5.92%+8,735Timeline
AMEAMETEK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 396,105 shares; 2024Q4: 359,328 shares; 2025Q1: 366,994 shares; 2025Q2: 400,881 shares; 2025Q3: 376,870 shares 376,870$70.9M5.79%-24,011Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,313,473 shares; 2024Q4: 2,276,407 shares; 2025Q1: 1,810,751 shares; 2025Q2: 1,437,717 shares; 2025Q3: 1,938,574 shares 1,938,574$66.6M5.44%+500,857Timeline
MLMMARTIN MARIETTA MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 102,083 shares; 2024Q4: 100,158 shares; 2025Q1: 124,356 shares; 2025Q2: 123,032 shares; 2025Q3: 97,235 shares 97,235$61.3M5%-25,797Timeline
CLHCLEAN HARBORS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,918 shares; 2024Q4: 278,358 shares; 2025Q1: 347,335 shares; 2025Q2: 328,869 shares; 2025Q3: 259,660 shares 259,660$60.3M4.92%-69,209Timeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 386,946 shares; 2025Q1: 422,000 shares; 2025Q2: 424,588 shares; 2025Q3: 326,832 shares 326,832$58.2M4.75%-97,756Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 843,934 shares; 2025Q1: 856,161 shares; 2025Q2: 781,235 shares; 2025Q3: 745,376 shares 745,376$55.5M4.53%-35,859Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 310,188 shares; 2024Q4: 403,415 shares; 2025Q1: 360,036 shares; 2025Q2: 343,433 shares; 2025Q3: 326,463 shares 326,463$55M4.49%-16,970Timeline
PRMBPRIMO BRANDS CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,673,905 shares; 2025Q3: 2,464,200 shares 2,464,200$54.5M4.45%-209,705Timeline
SGISOMNIGROUP INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 430,296 shares; 2025Q3: 581,739 shares 581,739$49.1M4.01%+151,443Timeline
SLMSLM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,270,579 shares; 2025Q2: 1,149,210 shares; 2025Q3: 1,729,791 shares 1,729,791$47.9M3.91%+580,581Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 243,583 shares; 2025Q2: 236,269 shares; 2025Q3: 224,137 shares 224,137$47.6M3.89%-12,132Timeline
CBRECBRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 470,227 shares; 2024Q4: 385,221 shares; 2025Q1: 377,417 shares; 2025Q2: 396,569 shares; 2025Q3: 293,669 shares 293,669$46.3M3.78%-102,900Timeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,045,366 shares; 2025Q2: 604,798 shares; 2025Q3: 336,397 shares 336,397$41.6M3.4%-268,401Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 171,341 shares; 2025Q1: 140,434 shares; 2025Q2: 111,005 shares; 2025Q3: 107,298 shares 107,298$38.3M3.12%-3,707Timeline
ALCALCON AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 511,800 shares 511,800$38.1M3.11%newTimeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 207,373 shares; 2025Q2: 162,776 shares; 2025Q3: 91,046 shares 91,046$37.7M3.08%-71,730Timeline
FWONKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,215,620 shares; 2024Q4: 666,532 shares; 2025Q1: 502,774 shares; 2025Q2: 534,126 shares; 2025Q3: 340,094 shares 340,094$35.5M2.9%-194,032Timeline
SAROSTANDARDAERO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,174,964 shares 1,174,964$32.1M2.62%newTimeline
CCKCROWN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 867,620 shares; 2024Q4: 677,043 shares; 2025Q1: 285,835 shares; 2025Q2: 283,658 shares; 2025Q3: 297,562 shares 297,562$28.7M2.35%+13,904Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,165 shares; 2024Q4: 43,165 shares; 2025Q1: 36,761 shares; 2025Q2: 42,019 shares; 2025Q3: 40,574 shares 40,574$8.91M0.73%-1,445Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,220 shares; 2024Q4: 10,220 shares; 2025Q1: 10,980 shares; 2025Q2: 12,790 shares; 2025Q3: 11,800 shares 11,800$7.86M0.64%-990Timeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,429 shares; 2024Q4: 32,044 shares; 2025Q1: 27,712 shares; 2025Q2: 27,712 shares; 2025Q3: 36,228 shares 36,228$7.38M0.6%+8,516Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,059,581 shares; 2024Q4: 599,096 shares; 2025Q1: not reported; 2025Q2: 83,433 shares; 2025Q3: 82,039 shares 82,039$6.9M0.56%-1,394Timeline
OWLBLUE OWL CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 227,038 shares; 2024Q4: 157,586 shares; 2025Q1: 180,638 shares; 2025Q2: 234,945 shares; 2025Q3: 292,271 shares 292,271$4.95M0.4%+57,326Timeline
CACICACI INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 161,175 shares; 2024Q4: 134,202 shares; 2025Q1: 6,239 shares; 2025Q2: 9,552 shares; 2025Q3: 9,552 shares 9,552$4.76M0.39%0Timeline
EQHEQUITABLE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 543,868 shares; 2025Q1: 699,064 shares; 2025Q2: 112,423 shares; 2025Q3: 93,773 shares 93,773$4.76M0.39%-18,650Timeline
CDNSCADENCE DESIGN SYSTEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,880 shares; 2025Q3: 12,880 shares 12,880$4.52M0.37%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,788 shares; 2024Q4: 9,788 shares; 2025Q1: 8,519 shares; 2025Q2: 8,544 shares; 2025Q3: 8,334 shares 8,334$4.32M0.35%-210Timeline
GWREGUIDEWIRE SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,353 shares; 2025Q3: 18,655 shares 18,655$4.29M0.35%+6,302Timeline
ACWXISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,100 shares; 2024Q4: 49,100 shares; 2025Q1: 61,760 shares; 2025Q2: 62,260 shares; 2025Q3: 60,600 shares 60,600$3.94M0.32%-1,660Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,920 shares; 2024Q4: 10,920 shares; 2025Q1: 10,684 shares; 2025Q2: 6,789 shares; 2025Q3: 6,789 shares 6,789$1.65M0.13%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
HYGISHARES TR IBOXX HI YD ETFput30,000$2.44Mnew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWDISHARES TR60,000$11.7Mshares
IBITISHARES BITCOIN TRUST ETF34,631$2.12Mshares
FICOFAIR ISAAC CORP362$662Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-004587 base2025-11-05acceptance time not in the bulk data set