SEC 13F Intelligence

Managers / Q1 2023 · view latest →

M.D. Sass, LLC

CIK 0000922940 · 55 WEST 46TH STREET, SUITE 2801, NEW YORK, NY, 10036 · 2127302000

Reported Value
$802M
Q1 2023
Positions
33
Filings on Record
37
2019–present window
Filed
May 15, 2023
original filing

Summary

M.d. Sass, LLC reported $802M in U.S.-listed holdings across 33 positions for Q1 2023.

Its largest position, Vanguard Index Fds, represents 5.3% of the portfolio.

Compared with Q4 2022, the fund opened 10 new positions and exited 6.

Portfolio Metrics

Turnover
+15.4%
vs prior filed quarter
Top-10 Concentration
+44.3%
share of reported value
Largest Position
+5.3%
Vanguard Index Fds
New / Exited
10 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $589MQ4 ’18Q1 ’19: $628MQ2 ’19: $432MQ3 ’19: $424MQ4 ’19: $859MQ4 ’19Q1 ’20: $275MQ2 ’20: $377MQ4 ’20: $467MQ1 ’21: $568MQ1 ’21Q2 ’21: $605MQ3 ’21: $588MQ4 ’21: $644MQ1 ’22: $584MQ1 ’22Q2 ’22: $529MQ3 ’22: $545MQ4 ’22: $681MQ1 ’23: $802MQ1 ’23Q2 ’23: $754MQ3 ’23: $744MQ4 ’23: $832MQ1 ’24: $887MQ1 ’24Q2 ’24: $1.4BQ3 ’24: $1.4BQ4 ’24: $1.3BQ1 ’25: $1.1BQ1 ’25Q2 ’25: $1.2BQ3 ’25: $1.2BQ4 ’25: $1.3BQ1 ’26: $1.3BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 62.5%ETP: 32.3%Tracking Stk: 4.8%Other: 0.5%
  • Common Stock · 62.5% · $501M
  • ETP · 32.3% · $259M
  • Tracking Stk · 4.8% · $38M
  • Other · 0.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+466.0K466.0K+$51M$51M
AVTRAVANTOR INCNEW+1.24M1.24M+$26M$26M
CPRTCOPART INCNEW+283.7K283.7K+$21M$21M
SCHWSCHWAB CHARLES CORPNEW+390.0K390.0K+$20M$20M
PYPLPAYPAL HLDGS INCNEW+231.4K231.4K+$18M$18M
WMSADVANCED DRAIN SYS INC DELNEW+191.8K191.8K+$16M$16M
AMZNAMAZON COM INCNEW+35.5K35.5K+$4M$4M
INVESTMENT MANAGERS SER TR INEW+83.4K83.4K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VANGUARD INDEX FDSS&P 500 ETF SHS5.32%$43M113.6K
2ABGAMERISOURCEBERGEN CORPhistory →COM5.25%$42M262.9K
3APGAPI GROUP CORPhistory →COM STK5.10%$41M1.82M
4FWONKUSDLIBERTY MEDIA CORP DELhistory →COM SER C FRMLA4.78%$38M512.6K
5CCKCROWN HLDGS INChistory →COM4.51%$36M437.0K
6CA8ACACI INTL INChistory →CL A4.26%$34M115.3K
7OWLBLUE OWL CAPITAL INChistory →COM CL A3.86%$31M2.79M
8ISHARES TRIBOXX INV CP ETF · MSCI ACWI EX US3.85%$31M301.8K
9CHECHEMED CORP NEWhistory →COM3.80%$31M56.8K
10CHARLES RIV LABS INTL INCCOM3.78%$30M150.2K
11WDWALKER & DUNLOP INChistory →COM3.47%$28M365.5K
12AVTRAVANTOR INChistory →COM3.28%$26M1.24M
13RTXRAYTHEON TECHNOLOGIES CORPhistory →COM3.27%$26M267.8K
14MTZMASTEC INChistory →COM3.24%$26M274.9K
15CTVACORTEVA INChistory →COM3.06%$25M406.9K
16ONON SEMICONDUCTOR CORPhistory →COM2.95%$24M287.7K
17CPRTCOPART INChistory →COM2.66%$21M283.7K
18SCHWSCHWAB CHARLES CORPhistory →COM2.55%$20M390.0K
19GOOGLALPHABET INChistory →CAP STK CL A2.37%$19M183.4K
20SPDR S&P 500 ETF TRTR UNIT2.37%$19M46.4K
21PYPLPAYPAL HLDGS INChistory →COM2.19%$18M231.4K
22WMSADVANCED DRAIN SYS INC DELhistory →COM2.01%$16M191.8K
23AMZNAMAZON COM INCCOM0.46%$4M35.5K
24INVESTMENT MANAGERS SER TR IAXS SHORT INNOV0.42%$3M83.4K
25MSFTMICROSOFT CORPCOM0.41%$3M11.4K
26SPDR SER TRBLOOMBERG 1-3 MO0.19%$1M16.2K
27DIREXION SHS ETF TRDAILY SM CP BEAR · DLY S&P500 BR 3X0.18%$1M54.7K
28PROSHARES TRULTRAPRO SHT QQQ0.04%$348,79711.9K
29OPCHOPTION CARE HEALTH INCCOM NEW0.04%$304,7069.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.3B36May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.3B35Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B35Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B35Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.1B32May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.3B34Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.4B36Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.4B33Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$887M34May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$832M31Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$744M32Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$754M30Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$802M33May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$681M46Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$545M51Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$529M49Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$584M50May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$644M53Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$588M55Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$605M58Aug 19, 202113F-HRchanges · EDGAR ↗
Q1 2021$568M59May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$467M55Feb 16, 202113F-HRchanges · EDGAR ↗
Q2 2020$377M58Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$275M60May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$859M100Jan 30, 2020RESTATEMENTchanges · EDGAR ↗
Q3 2019$424M92Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$432M108Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$628M108May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$589M105Feb 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.