MORGAN DEMPSEY CAPITAL MANAGEMENT LLC

CIK 1050463 · View on SEC EDGAR ↗

Portfolio value
$233.4M
#5,949 of 9,443 by 13F value · top 63.0%
Positions
122
As of
June 30, 2026

Portfolio value QoQ: +6.2% 13F does not disclose cash

Top 10 holdings weight
35.50%
Top 25 holdings weight
73.60%
Positions above 1%
36
Effective number of positions
37.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.84% Est. buys $21,945,676 · sells $13,237,275

Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 65.6% still held

New positions
7
Increased
50
Decreased
20
Closed
8
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+28.6%
S&P 500 total return (same window)
+28.1%
Excess return
+0.5%

Annualized: +18.3% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 95.6% · Options excluded: 0.2%

Sector breakdown

Utilities
13.7%
Industrials
12.6%
Energy
12.5%
Financials
8.6%
Health Care
8.2%
Consumer Staples
7.6%
Technology
5.6%
Telecommunication
4.8%
Financial Services
4.4%
Consumer Discretionary
3.8%
Communications
3.7%
Logistics & Transportation
2.9%
Real Estate
2.9%
Materials
2.2%
Retail
0.0%
Other/Unmapped
6.4%

Full portfolio 122 positions

Type Streak 8Q trend
BIL $10,456,887 4.48% 114,108 $4,353,802 Up ×2
C Citigroup, Inc. Common Stock $8,974,814 3.85% 64,124 $-169,259 Down ×6
CMI Cummins Inc. Common Stock $8,921,664 3.82% 12,509 $2,378,892 Up ×1
ETR Entergy Corporation Common Stock $8,667,154 3.71% 75,458 $444,498 Up ×1
CSCO Cisco Systems, Inc. - Common Stock $8,620,712 3.69% 73,393 $832,902 Down ×6
XOM Exxon Mobil Corporation Common Stock $8,432,326 3.61% 61,676 $-1,734,260 Up ×1
WEC WEC Energy Group, Inc. Common Stock $7,548,265 3.23% 64,642 $277,901 Up ×1
IBM International Business Machines Corporation Common Stock $7,294,416 3.13% 25,939 $2,194,756 Up ×1
JNJ Johnson & Johnson Common Stock $7,063,530 3.03% 27,812 $126,802 Down ×2
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $6,861,441 2.94% 148,296 $419,218 Up ×1
UPS United Parcel Service, Inc. Common Stock $6,755,795 2.89% 62,845 $1,894,332 Up ×2
KO Coca-Cola Company (The) Common Stock $6,638,403 2.84% 81,153 $610,053 Up ×1
GD General Dynamics Corporation Common Stock $6,547,475 2.81% 18,483 $404,712 Up ×1
CVX Chevron Corporation Common Stock $6,397,820 2.74% 38,597 $-1,359,793 Up ×1
LMT Lockheed Martin Corporation Common Stock $6,218,981 2.66% 12,207 $-908,162 Up ×1
WFC Wells Fargo & Company Common Stock $6,200,870 2.66% 75,035 $414,893 Up ×1
T AT&T Inc. $6,094,762 2.61% 294,433 $-2,167,738 Up ×1
OKE ONEOK, Inc. Common Stock $6,053,981 2.59% 69,634 $-13,215 Up ×4
MRK Merck & Company, Inc. Common Stock (new) $5,772,339 2.47% 44,625 $524,766 Up ×1
PM Philip Morris International Inc Common Stock $5,498,796 2.36% 30,150 $626,491 Up ×1
MCD McDonald's Corporation Common Stock $5,459,938 2.34% 20,199 $997,741 Up ×1
PEP PepsiCo, Inc. - Common Stock $5,404,005 2.32% 39,911 $1,084,778 Up ×3
ES Eversource Energy (D/B/A) Common Stock $5,344,554 2.29% 73,953 $376,259 Up ×1
VOYA Voya Financial, Inc. Common Stock $5,285,471 2.26% 58,384 $2,533,211 Up ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $5,259,644 2.25% 41,552 $-22,041 Up ×1
VZ Verizon Communications Inc. Common Stock $5,161,719 2.21% 121,911 $-769,905 Up ×1
RIO Rio Tinto Plc Common Stock $5,095,572 2.18% 53,677 $121,171 Up ×1
CME CME Group Inc. - Class A Common Stock $5,011,645 2.15% 22,695 $-1,475,541 Up ×1
SO Southern Company (The) Common Stock $4,999,532 2.14% 52,236 $108,159 Up ×1
UNP Union Pacific Corporation Common Stock $4,850,936 2.08% 17,834 $1,602,862 Up ×1
MDT Medtronic plc. Ordinary Shares $4,848,880 2.08% 61,417 $-361,364 Up ×1
PRU Prudential Financial, Inc. Common Stock $4,460,288 1.91% 41,326 $67,304 Down ×6
TXN Texas Instruments Incorporated - Common Stock $4,252,452 1.82% 14,267 $1,572,543 Up ×1
CCI Crown Castle Inc. Common Stock $3,840,137 1.65% 50,708 $-11,679 Up ×1
SBUX Starbucks Corporation - Common Stock $3,478,450 1.49% 34,039 $515,070 Up ×2
PLD Prologis, Inc. Common Stock $3,020,575 1.29% 22,297 Up ×1
EGY VAALCO Energy, Inc. Common Stock $975,838 0.42% 192,094 $-185,574 Up ×5
FEIM Frequency Electronics, Inc. - Common Stock $761,923 0.33% 11,484 $278,839 Up ×2
UFPT UFP Technologies, Inc. - Common Stock $755,886 0.32% 2,851 $274,904 Up ×2
DAC Danaos Corporation Common Stock $700,384 0.30% 5,675 $106,433 Up ×2
TATT TAT Technologies Ltd. - Ordinary Shares $570,819 0.24% 12,091 $189,190 Up ×2
ESP $567,681 0.24% 8,387 $119,167 Up ×2
MDLV $553,387 0.24% 18,021 $-263,839 Down ×2
COHU Cohu, Inc. - Common Stock $478,789 0.21% 6,478 $244,263 Down ×1
PDEX Pro-Dex, Inc. - Common Stock $393,687 0.17% 6,716 $108,026 Up ×2
AMSC American Superconductor Corporation - Common Stock $366,092 0.16% 8,819 $78,044 Up ×1
BKTI $347,101 0.15% 4,037 $60,522 Up ×1
UCTT Ultra Clean Holdings, Inc. - Common Stock $343,927 0.15% 2,412 $21,897 Down ×2
HG Hamilton Insurance Group, Ltd. Class B Common Shares $323,822 0.14% 9,541 $53,174 Up ×2
SPSC SPS Commerce, Inc. - Common Stock $315,278 0.14% 5,515 Up ×1
NOA North American Construction Group Ltd. Common Shares (no par) $314,677 0.13% 23,326 $57,479 Up ×1
IVV $280,834 0.12% 375 $35,880
SENEA Seneca Foods Corp. - Class A Common Stock $271,447 0.12% 1,590 $34,340 Up ×2
PLAB Photronics, Inc. - Common Stock $257,319 0.11% 7,910 $141,092 Up ×1
SPY SPY $235,203 0.10% 314 $30,328
OPXS Optex Systems Holdings, Inc. - Common Stock $229,996 0.10% 16,798 $16,756 Up ×2
SUB $221,458 0.09% 2,080 $-62
RSP $206,480 0.09% 970 $20,234
NULV $196,811 0.08% 3,937 $3,527 Down ×1
GRW TCW Durable Growth ETF $176,095 0.08% 5,464 $25,807
CAT Caterpillar, Inc. Common Stock $170,384 0.07% 160 $53,488 Down ×1
OUSM $156,400 0.07% 3,291 $12,441
QQQ Invesco QQQ Trust, Series 1 $155,160 0.07% 210 $34,259 Up ×4
IWD $152,916 0.07% 631 $13,176 Down ×1
IGF iShares Global Infrastructure ETF $148,570 0.06% 2,231 $-892
CGCB $147,179 0.06% 5,622 $-449
LMAT LeMaitre Vascular, Inc. - Common Stock $129,362 0.06% 1,348 Up ×1
DIAL $125,158 0.05% 6,888 $620
TDTT $117,786 0.05% 4,926 $-1,625
AAPL Apple Inc. - Common Stock $105,616 0.05% 365 $4,100 Down ×1
MFSI MFS Active International ETF $95,946 0.04% 2,954 $8,153
MDY $88,130 0.04% 125 $10,845
MSFT Microsoft Corporation - Common Stock $85,049 0.04% 228 $650
AM Antero Midstream Corporation Common Stock $83,870 0.04% 3,687 $682 Up ×5
BIPC Brookfield Infrastructure Corporation Brookfield Infrastructure Corporation $76,722 0.03% 1,993 $-2,033
KE Kimball Electronics, Inc. - Common Stock $66,842 0.03% 2,611 $6,024 Up ×2
SPIP $65,126 0.03% 2,536 $-837
IVE $63,577 0.03% 280 $4,455
LSEQ $59,511 0.03% 1,676 $3,784
DVYE $59,262 0.03% 1,839 $-3,954
IVW $55,012 0.02% 400 $9,768
V Visa Inc. $48,033 0.02% 140 $5,719
EWJ $44,770 0.02% 480 $4,239
BAC Bank of America Corporation Common Stock $36,182 0.02% 635 $5,226
COM $34,423 0.01% 1,056 $-1,025
PAVE $32,167 0.01% 545 $4,476
LLY Eli Lilly and Company Common Stock $27,587 0.01% 23 $-70,988 Down ×1
MPWR Monolithic Power Systems, Inc. - Common Stock $26,303 0.01% 19 $5,491
ABBV AbbVie Inc. Common Stock $25,164 0.01% 100 $3,415
IJR $24,026 0.01% 162 $3,888
VWO $23,637 0.01% 396 $2,233
MAIN Main Street Capital Corporation Common Stock $22,568 0.01% 435 $-3,767,179 Down ×6
IEF iShares 7-10 Year Treasury Bond ETF $16,266 0.01% 172 $-150
EMR Emerson Electric Company Common Stock $15,031 0.01% 105 $1,274
IEFA $14,004 0.01% 145 $877
VEA $13,340 0.01% 187 $1,342
ADBE Adobe Inc. - Common Stock $13,326 0.01% 65 Up ×1
DVY iShares Select Dividend ETF $11,723 0.01% 75 $367
HEI Heico Corporation Common Stock $11,398 0.00% 32 $2,624
COST Costco Wholesale Corporation - Common Stock $10,290 0.00% 11 $-671

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
OKE $6,053,981 2.59% up ×4
PEP $5,404,005 2.32% up ×3
EGY $975,838 0.42% up ×5
QQQ $155,160 0.07% up ×4
AM $83,870 0.04% up ×5
JEPI $3,348 0.00% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
PLD $3,020,575 22,297 1.29%
SPSC $315,278 5,515 0.14%
LMAT $129,362 1,348 0.06%
ADBE $13,326 65 0.01%
Unknown issuer (CUSIP: 438516205) $6,941 31 0.00%
DTCR $3,048 100 0.00%
IWM $601 2 0.00%

Top movers (QoQ)

Security Action Shares Δ Value Δ
BIL Bought more +48K +$4.4M
VOYA Bought more +18K +$2.5M
CMI Bought more +348 +$2.4M
IBM Bought more +5K +$2.2M
T Bought more +9K -$2.2M
UPS Bought more +13K +$1.9M
XOM Bought more +2K -$1.7M
UNP Bought more +4K +$1.6M
TXN Bought more +463 +$1.6M
CME Bought more +731 -$1.5M

2 positions hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
ARE Dec. 31, 2025 28,541 $2,416,250 6.9%
HSY March 31, 2025 13,772 $2,332,238 9.9%
MYRG June 30, 2026 1,226 $346,124 -36.0%
POWL March 31, 2026 942 $300,291 10.5%
NRC March 31, 2026 15,656 $296,368 28.9%
SPNS Sept. 30, 2025 6,636 $193,850 No longer tracked
MCRI Sept. 30, 2025 1,660 $143,490 19.4%
HWKN March 31, 2026 810 $115,069 -21.8%
ATNI March 31, 2026 4,977 $114,844 14.1%
XLP June 30, 2026 1,307 $107,148 No longer tracked
TRNS Dec. 31, 2025 1,352 $98,951 60.1%
AGG March 31, 2025 842 $81,590 No longer tracked
FBTC Dec. 31, 2025 751 $74,955 No longer tracked
PENG June 30, 2026 4,013 $70,632 -32.4%
KEQU Dec. 31, 2025 1,231 $52,542 -2.5%
IBIT March 31, 2025 873 $46,313
BITB March 31, 2025 886 $45,053 No longer tracked
ELMD June 30, 2025 1,762 $43,412 No longer tracked
GILD Dec. 31, 2025 350 $38,850 18.0%
VLGEA June 30, 2026 908 $38,347 2.9%
PSX Dec. 31, 2025 214 $29,108 88.4%
HAS Dec. 31, 2025 361 $27,382 14.5%
ENB Dec. 31, 2025 493 $24,877 7.1%
IBIT March 31, 2026 285 $14,150
HON June 30, 2026 62 $14,014 -1.9%
ORCL June 30, 2025 72 $10,066 -33.0%
CWB June 30, 2026 100 $9,152 No longer tracked
HYG March 31, 2026 100 $8,063 No longer tracked
PG June 30, 2026 33 $4,767 -2.3%
TMO Sept. 30, 2025 10 $4,059 27.9%
WST Sept. 30, 2025 14 $3,063 34.5%
PINS March 31, 2026 100 $2,589 25.8%
KHC June 30, 2026 109 $2,451 7.9%
B Dec. 31, 2025 5 $164 8.4%