MORGAN DEMPSEY CAPITAL MANAGEMENT LLC
Long book
$219.4M
Q1 2026
Positions
123
Top-10 weight
36%
concentration
Last quarter
+18.6%
SPY +18.6%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsMORGAN DEMPSEY CAPITAL MANAGEMENT LLC is a diversified fundamental manager, running a $219.4M US long book across 123 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: EXXON MOBIL CORP, CITIGROUP INC, AT&T INC, ENTERGY CORP, CISCO SYSTEMS INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.4%
Q2 2024
+11.6%
Q3 2024
-4.8%
Q4 2024
+7.0%
Q1 2025
+0.3%
Q2 2025
+5.1%
Q3 2025
+2.1%
Q4 2025
+8.3%
Q1 2026
+18.6%
Sector allocation
Utilities 18%
Industrials 15%
Financials 14%
Energy 13%
Healthcare 9%
Technology 9%
Consumer staples 9%
Communications 7%
Long book by quarter
What does MORGAN DEMPSEY own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XOM EXXON MOBIL CORP | Energy | 59.9K | $10.2M | 4.6% | -3.0% |
| C CITIGROUP INC | Financials | 80.6K | $9.1M | 4.2% | -2.9% |
| T AT&T INC | Communications | 285.0K | $8.3M | 3.8% | -3.0% |
| ETR ENTERGY CORP | Utilities | 73.2K | $8.2M | 3.7% | -2.5% |
| CSCO CISCO SYSTEMS INC | Technology | 100.4K | $7.8M | 3.5% | -3.0% |
| CVX CHEVRON CORP | Energy | 37.5K | $7.8M | 3.5% | -3.0% |
| WEC WEC ENERGY GROUP INC | Utilities | 62.8K | $7.3M | 3.3% | -2.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 11.8K | $7.1M | 3.2% | -2.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 28.4K | $6.9M | 3.2% | -2.7% |
| CMI CUMMINS INC | Industrials | 12.2K | $6.5M | 3.0% | -12.0% |
| CME CME GROUP INC | Financials | 22.0K | $6.5M | 3.0% | -0.5% |
| PBA PEMBINA PIPELINE CORP | Energy | 143.9K | $6.4M | 2.9% | -3.1% |
| GD GENERAL DYNAMICS CORP | Industrials | 17.9K | $6.1M | 2.8% | -2.9% |
| OKE ONEOK INC | Utilities | 67.1K | $6.1M | 2.8% | +8.5% |
| KO COCA-COLA CO/THE | Consumer staples | 78.7K | $6.0M | 2.7% | -3.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 118.2K | $5.9M | 2.7% | -3.0% |
| WFC WELLS FARGO & CO | Financials | 72.7K | $5.8M | 2.6% | -2.4% |
| DUK DUKE ENERGY CORP | Utilities | 40.3K | $5.3M | 2.4% | -3.0% |
| MRK MERCK & CO. INC. | Healthcare | 43.3K | $5.2M | 2.4% | -3.1% |
| MDT MEDTRONIC PLC | Healthcare | 59.6K | $5.2M | 2.4% | -3.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 21.0K | $5.1M | 2.3% | -3.1% |
| ES EVERSOURCE ENERGY | Utilities | 71.7K | $5.0M | 2.3% | -2.6% |
| SO SOUTHERN CO/THE | Utilities | 50.7K | $4.9M | 2.2% | -3.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 29.2K | $4.9M | 2.2% | -3.5% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 49.4K | $4.9M | 2.2% | +1.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 14.4K | $4.5M | 2.0% | -1.3% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 45.0K | $4.4M | 2.0% | -3.3% |
| PEP PEPSICO INC | Consumer staples | 27.8K | $4.3M | 2.0% | +35.7% |
| MAIN MAIN STREET CAPITAL CORP | — | 71.6K | $3.8M | 1.7% | -2.5% |
| UNP UNION PACIFIC CORP | Industrials | 13.4K | $3.2M | 1.5% | -2.5% |
| SBUX STARBUCKS CORP | Consumer discretionary | 33.1K | $3.0M | 1.4% | +0.3% |
| VOYA VOYA FINANCIAL INC | Financials | 40.3K | $2.8M | 1.3% | -2.4% |
| TXN TEXAS INSTRUMENTS INC | Technology | 13.8K | $2.7M | 1.2% | New |
| GIS GENERAL MILLS INC | Consumer staples | 58.2K | $2.2M | 1.0% | -3.2% |
| EGY VAALCO ENERGY INC | Energy | 183.2K | $1.2M | 0.5% | +26.1% |
| DAC DANAOS CORP | Industrials | 5.3K | $594K | 0.3% | +15.6% |
| FEIM FREQUENCY ELECTRONICS INC | Technology | 10.9K | $483K | 0.2% | +65.9% |
| UFPT UFP TECHNOLOGIES INC | Healthcare | 2.5K | $481K | 0.2% | +71.4% |
| ESP ESPEY MFG & ELECTRONICS CORP | Technology | 8.1K | $449K | 0.2% | +0.7% |
| TATT TAT TECHNOLOGIES LTD | Industrials | 9.4K | $382K | 0.2% | +10.4% |
| MYRG MYR GROUP INC/DELAWARE | Industrials | 1.2K | $346K | 0.2% | +0.7% |
| UCTT ULTRA CLEAN HOLDINGS INC | Technology | 5.2K | $322K | 0.1% | -53.2% |
| AMSC AMERICAN SUPERCONDUCTOR CORP | Industrials | 8.5K | $288K | 0.1% | New |
| BKTI BK TECHNOLOGIES CORP | Technology | 3.8K | $287K | 0.1% | -13.8% |
| PDEX PRO-DEX INC | Healthcare | 5.8K | $286K | 0.1% | +6.2% |
| HG HAMILTON INSURANCE GROU-CL B | Financials | 9.1K | $271K | 0.1% | +17.4% |
| NOA NORTH AMERICAN CONSTRUCTION | Energy | 19.1K | $257K | 0.1% | New |
| SENEA SENECA FOODS CORP - CL A | Consumer staples | 1.6K | $237K | 0.1% | +0.7% |
| COHU COHU INC | Technology | 7.7K | $235K | 0.1% | +0.7% |
| OPXS OPTEX SYSTEMS HOLDINGS INC | Other | 16.1K | $213K | 0.1% | +0.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 148 | $219.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 150 | $205.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 159 | $225.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 153 | $239.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 137 | $240.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 125 | $248.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 125 | $291.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 109 | $299.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 110 | $312.7M | canonical | SEC ↗ |
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