M.D. Sass, Inc. Diversified Active

CIK: 0000922940 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $1,268,767 (100.0% shares, 0.0% debt)

Holdings (35)

New Positions (4)

FICO FAIR ISAAC CORP 4.4%

Value ($000) $55,660 Shares 32,923 Est. Cost $1721.38 Unrealized 0.0%

STE STERIS PLC 4.1%

Value ($000) $52,209 Shares 205,936 Est. Cost $251.13 Unrealized 0.0%

IWD ISHARES TR 0.4%

Value ($000) $4,785 Shares 22,751 Est. Cost $210.34 Unrealized —

BWXT BWX TECHNOLOGIES INC 0.2%

Value ($000) $2,324 Shares 13,445 Est. Cost $187.42 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FICO	FAIR ISAAC CORP	32,923	$55,660	4.4%	$1721.38	0.0%	COM	303250104
STE	STERIS PLC	205,936	$52,209	4.1%	$251.13	0.0%	SHS USD	G8473T100
IWD	ISHARES TR	22,751	$4,785	0.4%	$210.34	—	RUS 1000 VAL ETF	464287598
BWXT	BWX TECHNOLOGIES INC	13,445	$2,324	0.2%	$187.42	0.0%	COM	05605H100

Increased Positions (11)

AMZN AMAZON COM INC 3.0%

Value ($000) $38,656 (+333.9%) Shares 167,474 (+312.8%) Est. Cost $202.15 Unrealized +13.2%

SARO STANDARDAERO INC 4.5%

Value ($000) $57,117 (+78.1%) Shares 1,991,537 (+69.5%) Est. Cost $27.72 Unrealized -1.8%

CLH CLEAN HARBORS INC 6.2%

Value ($000) $78,363 (+30.0%) Shares 334,198 (+28.7%) Est. Cost $191.41 Unrealized +19.4%

COF CAPITAL ONE FINL CORP 4.7%

Value ($000) $59,165 (+24.2%) Shares 244,121 (+8.9%) Est. Cost $189.69 Unrealized +17.1%

APG API GROUP CORP 6.0%

Value ($000) $76,724 (+15.2%) Shares 2,005,327 (+3.4%) Est. Cost $23.29 Unrealized +58.7%

WMB WILLIAMS COS INC 6.3%

Value ($000) $80,525 (+6.6%) Shares 1,339,634 (+12.3%) Est. Cost $56.31 Unrealized +6.7%

GWRE GUIDEWIRE SOFTWARE INC 0.5%

Value ($000) $6,470 (+50.9%) Shares 32,186 (+72.5%) Est. Cost $219.99 Unrealized +0.5%

PRMB PRIMO BRANDS CORPORATION 4.4%

Value ($000) $55,500 (+1.9%) Shares 3,394,495 (+37.8%) Est. Cost $28.27 Unrealized -34.6%

GOOGL ALPHABET INC 0.2%

Value ($000) $2,201 (+33.3%) Shares 7,031 (+3.6%) Est. Cost $170.82 Unrealized +67.2%

AON AON PLC 3.0%

Value ($000) $38,298 (+0.1%) Shares 108,531 (+1.1%) Est. Cost $365.08 Unrealized -4.4%

MSFT MICROSOFT CORP 0.3%

Value ($000) $4,290 (-0.6%) Shares 8,870 (+6.4%) Est. Cost $241.92 Unrealized +106.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	167,474 (+312.8%)	$38,656 (+333.9%)	3.0%	$202.15	+13.2%	COM	023135106
SARO	STANDARDAERO INC	1,991,537 (+69.5%)	$57,117 (+78.1%)	4.5%	$27.72	-1.8%	COM	85423L103
CLH	CLEAN HARBORS INC	334,198 (+28.7%)	$78,363 (+30.0%)	6.2%	$191.41	+19.4%	COM	184496107
COF	CAPITAL ONE FINL CORP	244,121 (+8.9%)	$59,165 (+24.2%)	4.7%	$189.69	+17.1%	COM	14040H105
APG	API GROUP CORP	2,005,327 (+3.4%)	$76,724 (+15.2%)	6.0%	$23.29	+58.7%	COM STK	00187Y100
WMB	WILLIAMS COS INC	1,339,634 (+12.3%)	$80,525 (+6.6%)	6.3%	$56.31	+6.7%	COM	969457100
GWRE	GUIDEWIRE SOFTWARE INC	32,186 (+72.5%)	$6,470 (+50.9%)	0.5%	$219.99	+0.5%	COM	40171V100
PRMB	PRIMO BRANDS CORPORATION	3,394,495 (+37.8%)	$55,500 (+1.9%)	4.4%	$28.27	-34.6%	CLASS A COM SHS	741623102
GOOGL	ALPHABET INC	7,031 (+3.6%)	$2,201 (+33.3%)	0.2%	$170.82	+67.2%	CAP STK CL A	02079K305
AON	AON PLC	108,531 (+1.1%)	$38,298 (+0.1%)	3.0%	$365.08	-4.4%	SHS CL A	G0403H108
MSFT	MICROSOFT CORP	8,870 (+6.4%)	$4,290 (-0.6%)	0.3%	$241.92	+106.9%	COM	594918104

Exited Positions (4)

CP CANADIAN PACIFIC KANSAS CITY 4.4%

Value ($000) $55,523 Shares 745,376 Est. Cost $76.43 Unrealized -3.7%

CCK CROWN HLDGS INC 2.3%

Value ($000) $28,741 Shares 297,562 Est. Cost $80.83 Unrealized +20.4%

EQH EQUITABLE HLDGS INC 0.4%

Value ($000) $4,762 Shares 93,773 Est. Cost $46.46 Unrealized +1.7%

HYG ISHARES TR 0.2%

Value ($000) $2,436 Shares 30,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CP	CANADIAN PACIFIC KANSAS CITY	745,376	$55,523	4.4%	$76.43	-3.7%	—	13646K108
CCK	CROWN HLDGS INC	297,562	$28,741	2.3%	$80.83	+20.4%	—	228368106
EQH	EQUITABLE HLDGS INC	93,773	$4,762	0.4%	$46.46	+1.7%	—	29452E101
HYG	ISHARES TR	30,000	$2,436	0.2%	—	—	PUT	464288513

Decreased Positions (12)

FWONK LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $990 (-97.2%) Shares 10,047 (-97.0%) Est. Cost $68.24 Unrealized —

APH AMPHENOL CORP NEW 0.6%

Value ($000) $7,606 (-81.7%) Shares 56,282 (-83.3%) Est. Cost $67.73 Unrealized +97.2%

SLM SLM CORP 3.0%

Value ($000) $37,879 (-20.9%) Shares 1,399,804 (-19.1%) Est. Cost $29.91 Unrealized -8.3%

WELL WELLTOWER INC 4.0%

Value ($000) $50,679 (-13.0%) Shares 273,040 (-16.5%) Est. Cost $129.66 Unrealized +43.8%

HSIC HENRY SCHEIN INC 7.4%

Value ($000) $93,558 (+7.2%) Shares 1,237,873 (-5.8%) Est. Cost $68.91 Unrealized +2.1%

MLM MARTIN MARIETTA MATLS INC 4.5%

Value ($000) $56,789 (-7.3%) Shares 91,204 (-6.2%) Est. Cost $530.14 Unrealized +17.2%

ALC ALCON AG 2.7%

Value ($000) $33,967 (-10.9%) Shares 431,003 (-15.8%) Est. Cost $83.45 Unrealized -7.7%

ICE INTERCONTINENTAL EXCHANGE IN 4.1%

Value ($000) $52,265 (-5.0%) Shares 322,702 (-1.2%) Est. Cost $152.73 Unrealized +2.3%

DHR DANAHER CORPORATION 5.5%

Value ($000) $69,825 (-3.6%) Shares 305,019 (-16.5%) Est. Cost $219.10 Unrealized +0.2%

OWL BLUE OWL CAPITAL INC 0.2%

Value ($000) $2,361 (-52.3%) Shares 158,065 (-45.9%) Est. Cost $15.25 Unrealized +2.5%

MRVL MARVELL TECHNOLOGY INC 0.5%

Value ($000) $6,448 (-6.5%) Shares 75,881 (-7.5%) Est. Cost $62.28 Unrealized +40.4%

CACI CACI INTL INC 0.4%

Value ($000) $4,964 (+4.2%) Shares 9,316 (-2.5%) Est. Cost $372.43 Unrealized +51.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FWONK	LIBERTY MEDIA CORP DEL	10,047 (-97.0%)	$990 (-97.2%)	0.1%	$68.24	—	COM LBTY ONE S C	531229755
APH	AMPHENOL CORP NEW	56,282 (-83.3%)	$7,606 (-81.7%)	0.6%	$67.73	+97.2%	CL A	032095101
SLM	SLM CORP	1,399,804 (-19.1%)	$37,879 (-20.9%)	3.0%	$29.91	-8.3%	COM	78442P106
WELL	WELLTOWER INC	273,040 (-16.5%)	$50,679 (-13.0%)	4.0%	$129.66	+43.8%	COM	95040Q104
HSIC	HENRY SCHEIN INC	1,237,873 (-5.8%)	$93,558 (+7.2%)	7.4%	$68.91	+2.1%	COM	806407102
MLM	MARTIN MARIETTA MATLS INC	91,204 (-6.2%)	$56,789 (-7.3%)	4.5%	$530.14	+17.2%	COM	573284106
ALC	ALCON AG	431,003 (-15.8%)	$33,967 (-10.9%)	2.7%	$83.45	-7.7%	ORD SHS	H01301128
ICE	INTERCONTINENTAL EXCHANGE IN	322,702 (-1.2%)	$52,265 (-5.0%)	4.1%	$152.73	+2.3%	COM	45866F104
DHR	DANAHER CORPORATION	305,019 (-16.5%)	$69,825 (-3.6%)	5.5%	$219.10	+0.2%	COM	235851102
OWL	BLUE OWL CAPITAL INC	158,065 (-45.9%)	$2,361 (-52.3%)	0.2%	$15.25	+2.5%	COM CL A	09581B103
MRVL	MARVELL TECHNOLOGY INC	75,881 (-7.5%)	$6,448 (-6.5%)	0.5%	$62.28	+40.4%	COM	573874104
CACI	CACI INTL INC	9,316 (-2.5%)	$4,964 (+4.2%)	0.4%	$372.43	+51.7%	CL A	127190304

Unchanged Positions (8)

AME AMETEK INC 6.1%

Value ($000) $77,808 Shares 378,980 Est. Cost $169.65 Unrealized +14.6%

SGI SOMNIGROUP INTERNATIONAL INC 4.1%

Value ($000) $52,287 Shares 585,651 Est. Cost $67.05 Unrealized +30.3%

CBRE CBRE GROUP INC 3.7%

Value ($000) $47,552 Shares 295,737 Est. Cost $82.93 Unrealized +89.6%

PWR QUANTA SVCS INC 3.0%

Value ($000) $38,687 Shares 91,663 Est. Cost $288.64 Unrealized +52.2%

PANW PALO ALTO NETWORKS INC 0.5%

Value ($000) $6,673 Shares 36,228 Est. Cost $168.56 Unrealized +19.7%

CDNS CADENCE DESIGN SYSTEM INC 0.3%

Value ($000) $4,026 Shares 12,880 Est. Cost $290.76 Unrealized +12.2%

SPY SPDR S&P 500 ETF TR 0.6%

Value ($000) $8,047 Shares 11,800 Est. Cost $443.29 Unrealized —

ACWX ISHARES TR 0.3%

Value ($000) $4,068 Shares 60,600 Est. Cost $48.82 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AME	AMETEK INC	378,980	$77,808	6.1%	$169.65	+14.6%	COM	031100100
SGI	SOMNIGROUP INTERNATIONAL INC	585,651	$52,287	4.1%	$67.05	+30.3%	COM	88023U101
CBRE	CBRE GROUP INC	295,737	$47,552	3.7%	$82.93	+89.6%	CL A	12504L109
PWR	QUANTA SVCS INC	91,663	$38,687	3.0%	$288.64	+52.2%	COM	74762E102
PANW	PALO ALTO NETWORKS INC	36,228	$6,673	0.5%	$168.56	+19.7%	COM	697435105
CDNS	CADENCE DESIGN SYSTEM INC	12,880	$4,026	0.3%	$290.76	+12.2%	COM	127387108
SPY	SPDR S&P 500 ETF TR	11,800	$8,047	0.6%	$443.29	—	TR UNIT	78462F103
ACWX	ISHARES TR	60,600	$4,068	0.3%	$48.82	—	MSCI ACWI EX US	464288240