Park State Asset Management Long-Term Concentrated

CIK: 0001908423 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $149,124 (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (1)

DPZ DOMINOS PIZZA INC 2.9%

Value ($000) $4,389 Shares 10,530 Est. Cost $415.46 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DPZ	DOMINOS PIZZA INC	10,530	$4,389	2.9%	$415.46	0.0%	COM	25754A201

Decreased Positions (17)

GOOG ALPHABET INC 15.8%

Value ($000) $23,517 (+22.8%) Shares 74,943 (-4.7%) Est. Cost $109.77 Unrealized +160.8%

RACE FERRARI N V 4.5%

Value ($000) $6,750 (-25.8%) Shares 18,266 (-2.6%) Est. Cost $244.35 Unrealized +63.8%

TREX TREX CO INC 2.3%

Value ($000) $3,399 (-38.0%) Shares 96,898 (-8.7%) Est. Cost $98.75 Unrealized -59.0%

ADBE ADOBE INC 6.2%

Value ($000) $9,206 (-14.3%) Shares 26,303 (-13.6%) Est. Cost $449.23 Unrealized -24.3%

CPRT COPART INC 4.6%

Value ($000) $6,816 (-14.8%) Shares 174,109 (-2.1%) Est. Cost $38.37 Unrealized +8.1%

ALGN ALIGN TECHNOLOGY INC 2.9%

Value ($000) $4,264 (+16.9%) Shares 27,309 (-6.3%) Est. Cost $215.81 Unrealized -33.6%

COST COSTCO WHSL CORP NEW 4.0%

Value ($000) $6,015 (-9.0%) Shares 6,975 (-2.3%) Est. Cost $488.88 Unrealized +85.3%

AMZN AMAZON COM INC 11.7%

Value ($000) $17,429 (+2.4%) Shares 75,508 (-2.6%) Est. Cost $119.47 Unrealized +91.5%

AAPL APPLE INC 9.9%

Value ($000) $14,719 (+2.7%) Shares 54,141 (-3.8%) Est. Cost $154.30 Unrealized +73.9%

TJX TJX COS INC NEW 7.9%

Value ($000) $11,742 (+3.3%) Shares 76,440 (-2.8%) Est. Cost $65.42 Unrealized +125.8%

DHR DANAHER CORPORATION 2.7%

Value ($000) $4,073 (+9.7%) Shares 17,793 (-5.0%) Est. Cost $264.44 Unrealized -17.0%

MCO MOODYS CORP 4.8%

Value ($000) $7,191 (+4.8%) Shares 14,077 (-2.3%) Est. Cost $365.29 Unrealized +33.4%

ADP AUTOMATIC DATA PROCESSING IN 0.9%

Value ($000) $1,372 (-17.8%) Shares 5,332 (-6.2%) Est. Cost $204.72 Unrealized +29.4%

QLYS QUALYS INC 4.4%

Value ($000) $6,500 (-2.0%) Shares 48,911 (-2.4%) Est. Cost $135.24 Unrealized +1.7%

AMT AMERICAN TOWER CORP NEW 0.5%

Value ($000) $681 (-16.1%) Shares 3,876 (-8.1%) Est. Cost $230.05 Unrealized -21.6%

STLA STELLANTIS N.V 3.0%

Value ($000) $4,436 (+2.7%) Shares 407,321 (-11.9%) Est. Cost $17.96 Unrealized —

V VISA INC 8.7%

Value ($000) $13,039 (-0.2%) Shares 37,178 (-2.9%) Est. Cost $210.93 Unrealized +61.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	74,943 (-4.7%)	$23,517 (+22.8%)	15.8%	$109.77	+160.8%	CAP STK CL C	02079K107
RACE	FERRARI N V	18,266 (-2.6%)	$6,750 (-25.8%)	4.5%	$244.35	+63.8%	COM	N3167Y103
TREX	TREX CO INC	96,898 (-8.7%)	$3,399 (-38.0%)	2.3%	$98.75	-59.0%	COM	89531P105
ADBE	ADOBE INC	26,303 (-13.6%)	$9,206 (-14.3%)	6.2%	$449.23	-24.3%	COM	00724F101
CPRT	COPART INC	174,109 (-2.1%)	$6,816 (-14.8%)	4.6%	$38.37	+8.1%	COM	217204106
ALGN	ALIGN TECHNOLOGY INC	27,309 (-6.3%)	$4,264 (+16.9%)	2.9%	$215.81	-33.6%	COM	016255101
COST	COSTCO WHSL CORP NEW	6,975 (-2.3%)	$6,015 (-9.0%)	4.0%	$488.88	+85.3%	COM	22160K105
AMZN	AMAZON COM INC	75,508 (-2.6%)	$17,429 (+2.4%)	11.7%	$119.47	+91.5%	COM	023135106
AAPL	APPLE INC	54,141 (-3.8%)	$14,719 (+2.7%)	9.9%	$154.30	+73.9%	COM	037833100
TJX	TJX COS INC NEW	76,440 (-2.8%)	$11,742 (+3.3%)	7.9%	$65.42	+125.8%	COM	872540109
DHR	DANAHER CORPORATION	17,793 (-5.0%)	$4,073 (+9.7%)	2.7%	$264.44	-17.0%	COM	235851102
MCO	MOODYS CORP	14,077 (-2.3%)	$7,191 (+4.8%)	4.8%	$365.29	+33.4%	COM	615369105
ADP	AUTOMATIC DATA PROCESSING IN	5,332 (-6.2%)	$1,372 (-17.8%)	0.9%	$204.72	+29.4%	COM	053015103
QLYS	QUALYS INC	48,911 (-2.4%)	$6,500 (-2.0%)	4.4%	$135.24	+1.7%	COM	74758T303
AMT	AMERICAN TOWER CORP NEW	3,876 (-8.1%)	$681 (-16.1%)	0.5%	$230.05	-21.6%	COM	03027X100
STLA	STELLANTIS N.V	407,321 (-11.9%)	$4,436 (+2.7%)	3.0%	$17.96	—	SHS	N82405106
V	VISA INC	37,178 (-2.9%)	$13,039 (-0.2%)	8.7%	$210.93	+61.4%	COM CL A	92826C839

Unchanged Positions (2)

GOOGL ALPHABET INC 0.8%

Value ($000) $1,221 Shares 3,900 Est. Cost $114.82 Unrealized +148.7%

MA MASTERCARD INCORPORATED 1.6%

Value ($000) $2,366 Shares 4,144 Est. Cost $337.36 Unrealized +65.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	3,900	$1,221	0.8%	$114.82	+148.7%	CAP STK CL A	02079K305
MA	MASTERCARD INCORPORATED	4,144	$2,366	1.6%	$337.36	+65.7%	CL A	57636Q104