CSM Advisors, LLC — 13F Holdings & Portfolio
CIK 1863523 · latest 13F-HR filed 2026-08-14
CSM Advisors, LLC manages $4.68B in 13F-reported U.S. long-equity assets across 406 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (4.30%), NVDA (3.23%), AMZN (2.69%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 49 new positions and exited 50; 220 existing positions rose in reported value and 84 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 24.3%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated May 21, 2026.
SUITE 100
WARRENDALE, PA 15086
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ALLEN, BRIAN, SCOTT Control | CHIEF INVESTMENT OFFICER since Jul 2023 | Less than 5% | Individual |
| AZIMUT NSI LLC Control | SOLE MEMBER since Apr 2018 | 75% or more | Domestic Entity |
| COX, BRADLEY, WILLIAM Control | CHIEF FINANCIAL OFFICER since Jul 2023 | Less than 5% | Individual |
| FORD, TIMOTHY, PATRICK Control | CHIEF EXECUTIVE OFFICER since May 2025 | Less than 5% | Individual |
| GOODWIN, MARK, DAVID Control | CHAIRMAN since Oct 2019 | Less than 5% | Individual |
| MOLOTSKY, ALAN, EUGENE Control | CHIEF LEGAL OFFICER since Oct 2019 | Less than 5% | Individual |
| SKREPPEN, ULF, ARTHUR Control | CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER since Mar 2020 | Less than 5% | Individual |
| AZIMUT HOLDINGS S.P.A. Control Indirect owner via AZIMUT UK HOLDINGS LTD | SOLE MEMBER OF AZIMUT UK HOLDINGS LTD since Jan 2026 | 75% or more | Foreign Entity |
| AZIMUT UK HOLDINGS LTD Control Indirect owner via AZIMUT US HOLDINGS INC | SOLE MEMBER OF AZIMUT US HOLDINGS INC since Jan 2026 | 75% or more | Foreign Entity |
| AZIMUT US HOLDINGS INC Control Indirect owner via AZIMUT NSI LLC | SOLE MEMBER OF AZIMUT NSI LLC since Jan 2026 | 75% or more | Domestic Entity |
| GOODWIN, MARK, DAVID Control Indirect owner via AZIMUT NSI LLC | ELECTED MANAGER OF SOLE MEMBER since Jan 2026 | General partner, trustee or manager | Individual |
| KURTTILA, DANA, ALAN Control Indirect owner via AZIMUT NSI LLC | ELECTED MANAGER OF SOLE MEMBER since Jan 2026 | General partner, trustee or manager | Individual |
| MANERI, MARCO, RABITO Control Indirect owner via AZIMUT NSI LLC | ELECTED MANAGER OF SOLE MEMBER since Jan 2026 | General partner, trustee or manager | Individual |
| MEDDA, GIORGIO Control Indirect owner via AZIMUT NSI LLC | ELECTED MANAGER OF SOLE MEMBER since Jan 2026 | General partner, trustee or manager | Individual |
| Pracca, Vittorio, Federico Control Indirect owner via AZIMUT NSI LLC | ELECTED MANAGER OF SOLE MEMBER since Jan 2026 | General partner, trustee or manager | Individual |
| SONZOGNI, MARIA, GRAZIA Control Indirect owner via AZIMUT NSI LLC | ELECTED MANAGER OF SOLE MEMBER since Jan 2026 | General partner, trustee or manager | Individual |
Ownership & leadership changes · 11 filings with changes since Oct 16, 2019
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedAZIMUT US HOLDINGS INC. · SOLE MEMBER OF AZIMUT NSI LLC · 75% or more · control person · listed since Jan 2026
- AddedAZIMUT US HOLDINGS INC · SOLE MEMBER OF AZIMUT NSI LLC · 75% or more · indirect via AZIMUT NSI LLC · control person
- No longer listedCSM GROUP HOLDINGS LLC · SOLE MEMBER OF CSM GROUP INTERMEDIATE HOLDINGS LLC · 75% or more · indirect via CSM GROUP INTERMEDIATE HOLDINGS LLC · control person · listed since Mar 2021
- No longer listedCSM GROUP INTERMEDIATE HOLDINGS LLC · SOLE MEMBER OF CSM INTERMEDIATE HOLDINGS, LLC · 75% or more · indirect via CSM INTERMEDIATE HOLDINGS, LLC · control person · listed since Mar 2021
- No longer listedCSM HOLDINGS, LLC · SOLE MEMBER OF CSM GROUP HOLDINGS, LLC · 75% or more · indirect via CSM GROUP HOLDINGS LLC · listed since Oct 2019
- No longer listedCSM INTERMEDIATE HOLDINGS, LLC · SOLE MEMBER · 75% or more · control person · listed since Oct 2019
- No longer listedESTANCIA CAPITAL PARTNERS FUND II, L.P. · MEMBER · 50–75% · indirect via NSI HOLDCO, LLC · control person · listed since Apr 2018
- No longer listedESTANCIA GP II, L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via ESTANCIA CAPITAL PARTNERS FUND II, L.P. · control person · listed since Jan 2018
- No longer listedESTANCIA UGP II, LCC · GENERAL PARTNER · General partner, trustee or manager · indirect via ESTANCIA GP II, L.P. · control person · listed since Jan 2018
- No longer listedKANG, DANNY, ALLAN · MANAGING DIRECTOR · General partner, trustee or manager · indirect via ESTANCIA UGP II, LCC · control person · listed since Jan 2018
- No longer listedMENDEZ, MICHAEL, CASARES · MANAGING DIRECTOR · General partner, trustee or manager · indirect via ESTANCIA UGP II, LCC · control person · listed since Jan 2018
- No longer listedMORIUCHI, TAKASHI, BAYARD · MANAGING DIRECTOR · General partner, trustee or manager · indirect via ESTANCIA UGP II, LCC · control person · listed since Jan 2018
- No longer listedNSI HOLDCO, LLC · MEMBER · 50–75% · indirect via CSM HOLDINGS, LLC · control person · listed since Oct 2019
- AddedAZIMUT HOLDINGS S.P.A. · SOLE MEMBER OF AZIMUT UK HOLDINGS LTD · 75% or more · indirect via AZIMUT UK HOLDINGS LTD · control person
- AddedAZIMUT NSI LLC · SOLE MEMBER · 75% or more · control person
- AddedAZIMUT UK HOLDINGS LTD · SOLE MEMBER OF AZIMUT US HOLDINGS INC · 75% or more · indirect via AZIMUT US HOLDINGS INC · control person
- AddedAZIMUT US HOLDINGS INC. · SOLE MEMBER OF AZIMUT NSI LLC · 75% or more · control person
- AddedGOODWIN, MARK, DAVID · ELECTED MANAGER OF SOLE MEMBER · General partner, trustee or manager · indirect via AZIMUT NSI LLC · control person
- AddedKURTTILA, DANA, ALAN · ELECTED MANAGER OF SOLE MEMBER · General partner, trustee or manager · indirect via AZIMUT NSI LLC · control person
- AddedMANERI, MARCO, RABITO · ELECTED MANAGER OF SOLE MEMBER · General partner, trustee or manager · indirect via AZIMUT NSI LLC · control person
- AddedMEDDA, GIORGIO · ELECTED MANAGER OF SOLE MEMBER · General partner, trustee or manager · indirect via AZIMUT NSI LLC · control person
- AddedPracca, Vittorio, Federico · ELECTED MANAGER OF SOLE MEMBER · General partner, trustee or manager · indirect via AZIMUT NSI LLC · control person
- AddedSONZOGNI, MARIA, GRAZIA · ELECTED MANAGER OF SOLE MEMBER · General partner, trustee or manager · indirect via AZIMUT NSI LLC · control person
- No longer listedGENSHEIMER, MARK, RICHARD · PRESIDENT · Less than 5% · control person · listed since Mar 2020
- AddedFORD, TIMOTHY, PATRICK · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ChangedESTANCIA CAPITAL PARTNERS FUND II, L.P. · indirect via NSI HOLDCO, LLC: ownership 75% or more → 50–75%
- ChangedNSI HOLDCO, LLC · indirect via CSM HOLDINGS, LLC: ownership 75% or more → 50–75%
- AddedALLEN, BRIAN, SCOTT · CHIEF INVESTMENT OFFICER · Less than 5% · control person
- ChangedCOX, BRADLEY, WILLIAM · title CFO → CHIEF FINANCIAL OFFICER
- ChangedSKREPPEN, ULF, ARTHUR · title COO/CCO → CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER
- AddedCOX, BRADLEY, WILLIAM · CFO · Less than 5% · control person
- ChangedMOLOTSKY, ALAN, EUGENE · title CFO → CHIEF LEGAL OFFICER
- ChangedSKREPPEN, ULF, ARTHUR · title CCO → COO/CCO
- No longer listedCSM HOLDINGS, LLC · OWNER OF CSM INTERMEDIATE HOLDINGS, LLC · 75% or more · indirect via CSM INTERMEDIATE HOLDINGS, LLC · listed since Oct 2019
- No longer listedNSI HOLDCO, LLC · MEMBER · 75% or more · indirect via CSM INTERMEDIATE HOLDINGS, LLC · control person · listed since Oct 2019
- AddedCSM GROUP HOLDINGS LLC · SOLE MEMBER OF CSM GROUP INTERMEDIATE HOLDINGS LLC · 75% or more · indirect via CSM GROUP INTERMEDIATE HOLDINGS LLC · control person
- AddedCSM GROUP INTERMEDIATE HOLDINGS LLC · SOLE MEMBER OF CSM INTERMEDIATE HOLDINGS, LLC · 75% or more · indirect via CSM INTERMEDIATE HOLDINGS, LLC · control person
- AddedCSM HOLDINGS, LLC · SOLE MEMBER OF CSM GROUP HOLDINGS, LLC · 75% or more · indirect via CSM GROUP HOLDINGS LLC
- AddedNSI HOLDCO, LLC · MEMBER · 75% or more · indirect via CSM HOLDINGS, LLC · control person
- ChangedGENSHEIMER, MARK, RICHARD · title PRESIDENT OF CSM ADVISORS, LLC → PRESIDENT
- ChangedGOODWIN, MARK, DAVID · title CEO OF NSI HOLDCO, LLC → CHAIRMAN
- ChangedSKREPPEN, ULF, ARTHUR · title CCO OF CSM ADVISORS, LLC → CCO
Older changes (2 more filings)
- AddedCSM HOLDINGS, LLC · OWNER OF CSM INTERMEDIATE HOLDINGS, LLC · 75% or more · indirect via CSM INTERMEDIATE HOLDINGS, LLC
- AddedGENSHEIMER, MARK, RICHARD · PRESIDENT OF CSM ADVISORS, LLC · Less than 5% · control person
- AddedSKREPPEN, ULF, ARTHUR · CCO OF CSM ADVISORS, LLC · Less than 5% · control person
- ChangedGOODWIN, MARK, DAVID · title CHIEF EXECUTIVE OFFICER → CEO OF NSI HOLDCO, LLC
- ChangedMOLOTSKY, ALAN, EUGENE · title CHIEF COMPLIANCE OFFICER; GENERAL COUNSEL; CHIEF FINANCIAL OFFICER; SENIOR MANAGING DIRECTOR → CFO
- ListedCSM INTERMEDIATE HOLDINGS, LLC · SOLE MEMBER · 75% or more · control person
- ListedESTANCIA CAPITAL PARTNERS FUND II, L.P. · MEMBER · 75% or more · indirect via NSI HOLDCO, LLC · control person
- ListedESTANCIA GP II, L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via ESTANCIA CAPITAL PARTNERS FUND II, L.P. · control person
- ListedESTANCIA UGP II, LCC · GENERAL PARTNER · General partner, trustee or manager · indirect via ESTANCIA GP II, L.P. · control person
- ListedGOODWIN, MARK, DAVID · CHIEF EXECUTIVE OFFICER · Less than 5% · control person
- ListedKANG, DANNY, ALLAN · MANAGING DIRECTOR · General partner, trustee or manager · indirect via ESTANCIA UGP II, LCC · control person
- ListedMENDEZ, MICHAEL, CASARES · MANAGING DIRECTOR · General partner, trustee or manager · indirect via ESTANCIA UGP II, LCC · control person
- ListedMOLOTSKY, ALAN, EUGENE · CHIEF COMPLIANCE OFFICER; GENERAL COUNSEL; CHIEF FINANCIAL OFFICER; SENIOR MANAGING DIRECTOR · Less than 5% · control person
- ListedMORIUCHI, TAKASHI, BAYARD · MANAGING DIRECTOR · General partner, trustee or manager · indirect via ESTANCIA UGP II, LCC · control person
- ListedNSI HOLDCO, LLC · MEMBER · 75% or more · indirect via CSM INTERMEDIATE HOLDINGS, LLC · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- APPLE INC$79.3M +64.9%
- AMAZON COM INC$60.5M +92.4%
- ISHARES$53.4M +6727.2%
- STATE ST SPDR S&P500$36.6M +43.5%
- ALPHABET INC$35.8M +45.4%
Top Trims
- MICROSOFT CORP-$43.4M -48.9%
- QUALCOMM INC-$24.3M -92.4%
- ISHARES INC-$20.0M -83.7%
- MICRON TECHNOLOGY-$15.7M -56.5%
- CISCO SYSTEMS INC-$14.0M -26.5%
New Positions
- SELECT SECTOR SPDR$32.1M
- ELEVANCE HEALTH INC$25.9M
- TAPESTRY INC$20.5M
- INTUIT$20.0M
- APPLIED MATERIALS$18.9M
Exited Positions
- NORTH SQ INVSTMNTS T$42.6M
- MEDTRONIC PLC$23.2M
- ISHARES$22.5M
- NORTH SQ INVSTMNTS T$18.2M
- NORTH SQUARE INVESTM$15.4M
CSM Advisors, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 037833100 | $201.6M | 4.30% | 696,554 | SH |
| 2 | NVIDIA CORP | NVDA | 67066G104 | $151.2M | 3.23% | 755,575 | SH |
| 3 | AMAZON COM INC | AMZN | 023135106 | $125.9M | 2.69% | 528,300 | SH |
| 4 | STATE ST SPDR S&P500 | SPY | 78462F103 | $120.8M | 2.58% | 161,730 | SH |
| 5 | ALPHABET INC | GOOGL | 02079K305 | $114.8M | 2.45% | 321,210 | SH |
| 6 | INVESCO QQQ TR | QQQ | 46090E103 | $112.8M | 2.41% | 153,111 | SH |
| 7 | VANGUARD INDEX TR | VUG | 922908736 | $105.5M | 2.25% | 1,224,556 | SH |
| 8 | VANGUARD INDEX TR | VTV | 922908744 | $80.0M | 1.71% | 367,088 | SH |
| 9 | CATERPILLAR INC | CAT | 149123101 | $64.0M | 1.37% | 60,087 | SH |
| 10 | US BANCORP DEL | USB | 902973304 | $62.8M | 1.34% | 1,040,134 | SH |
| 11 | CUMMINS INC | CMI | 231021106 | $58.4M | 1.25% | 81,820 | SH |
| 12 | BROADCOM INC | AVGO | 11135F101 | $58.3M | 1.25% | 154,440 | SH |
| 13 | JOHNSON & JOHNSON | JNJ | 478160104 | $55.8M | 1.19% | 219,688 | SH |
| 14 | ISHARES | IWM | 464287655 | $54.2M | 1.16% | 180,421 | SH |
| 15 | DELTA AIR LINES | DAL | 247361702 | $50.5M | 1.08% | 539,602 | SH |
| 16 | ISHARES INC | EZU | 464286608 | $50.1M | 1.07% | 720,820 | SH |
| 17 | HARTFORD INSURANCE | HIG | 416515104 | $49.0M | 1.05% | 370,075 | SH |
| 18 | CITIGROUP INC | C | 172967424 | $47.4M | 1.01% | 338,868 | SH |
| 19 | ALPHABET INC | GOOG | 02079K107 | $47.3M | 1.01% | 133,777 | SH |
| 20 | JPMORGAN CHASE & CO | JPM | 46625H100 | $47.1M | 1.01% | 144,025 | SH |
| 21 | MICROSOFT CORP | MSFT | 594918104 | $45.4M | 0.97% | 121,715 | SH |
| 22 | BANK OF NEW YORK MEL | BNY | 064058100 | $41.4M | 0.88% | 286,303 | SH |
| 23 | ALTRIA GROUP INC | MO | 02209S103 | $40.6M | 0.87% | 564,821 | SH |
| 24 | VERIZON COMMUNICATIO | VZ | 92343V104 | $40.0M | 0.86% | 945,654 | SH |
| 25 | CISCO SYSTEMS INC | CSCO | 17275R102 | $38.8M | 0.83% | 330,194 | SH |
| 26 | CHEVRON CORP | CVX | 166764100 | $37.6M | 0.80% | 227,111 | SH |
| 27 | TESLA INC | TSLA | 88160R101 | $37.6M | 0.80% | 89,311 | SH |
| 28 | GOLDMAN SACHS GROUP | GS | 38141G104 | $37.5M | 0.80% | 37,079 | SH |
| 29 | ABBVIE INC | ABBV | 00287Y109 | $36.1M | 0.77% | 143,403 | SH |
| 30 | SYNCHRONY FINL | SYF | 87165B103 | $34.0M | 0.73% | 446,750 | SH |
| 31 | ADV MICRO DEVICES | AMD | 007903107 | $33.5M | 0.71% | 57,607 | SH |
| 32 | LILLY ELI & CO | LLY | 532457108 | $33.0M | 0.70% | 27,478 | SH |
| 33 | SELECT SECTOR SPDR | XLV | 81369Y209 | $32.1M | 0.68% | 202,041 | SH |
| 34 | EOG RESOURCES INC | EOG | 26875P101 | $32.0M | 0.68% | 246,309 | SH |
| 35 | GENERAL MOTORS CO | GM | 37045V100 | $31.5M | 0.67% | 408,559 | SH |
| 36 | KLA CORPORATION | KLAC | 482480100 | $27.6M | 0.59% | 91,520 | SH |
| 37 | DUKE ENERGY CORP | DUK | 26441C204 | $27.4M | 0.59% | 216,822 | SH |
| 38 | NEXTERA ENERGY INC | NEE | 65339F101 | $27.1M | 0.58% | 308,846 | SH |
| 39 | SHELL PLC | SHEL | 780259305 | $26.8M | 0.57% | 345,744 | SH |
| 40 | ELEVANCE HEALTH INC | ELV | 036752103 | $25.9M | 0.55% | 66,878 | SH |
| 41 | VANGUARD SCOTTSDAL | VTWO | 92206C664 | $25.9M | 0.55% | 212,943 | SH |
| 42 | AMERIPRISE FINANCIAL | AMP | 03076C106 | $25.4M | 0.54% | 55,466 | SH |
| 43 | NUCOR CORP | NUE | 670346105 | $25.3M | 0.54% | 113,540 | SH |
| 44 | INTL BUSINESS MCHN | IBM | 459200101 | $25.1M | 0.54% | 89,165 | SH |
| 45 | SIMON PPTY INC | SPG | 828806109 | $24.4M | 0.52% | 109,192 | SH |
| 46 | SALESFORCE INC | CRM | 79466L302 | $24.4M | 0.52% | 155,537 | SH |
| 47 | ZOOM COMMUNICATIONS | ZM | 98980L101 | $24.3M | 0.52% | 281,078 | SH |
| 48 | COCA-COLA EUROPACI | CCEP | G25839104 | $22.2M | 0.47% | 221,337 | SH |
| 49 | UNITED RENTALS INC | URI | 911363109 | $21.8M | 0.47% | 19,263 | SH |
| 50 | THE CIGNA GROUP | CI | 125523100 | $21.8M | 0.46% | 78,966 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $4.68B | 406 | 0001863523-26-000003 |
| 2026-03-31 | 2026-05-15 | $4.07B | 407 | 0001863523-26-000002 |
| 2025-12-31 | 2026-02-11 | $3.68B | 399 | 0001863523-26-000001 |
| 2025-09-30 | 2025-11-14 | $3.58B | 402 | 0001863523-25-000010 |
SUITE 100
WARRENDALE, PA 15086-6507