ARMSTRONG HENRY H ASSOCIATES INC

RIA/Wealth

ARMSTRONG HENRY H ASSOCIATES INC is a RIA/Wealth based in Pittsburgh, PA led by Adam P Scholl, reporting $1.1B in AUM as of Q3 2025 with 44% Financial Services concentration, 90% concentrated in top 10 holdings, and 30% allocation to MSFT.

PresidentAdam P Scholl

Portfolio Value: $1.1B
Positions: 62
Top Holding: MSFT at 30.27%
Last Reported: Q3 2025

AddressOne Gateway Center, 420 Ft. Duquesne Blvd, Ste 1425, Pittsburgh, PA, 15222, United States

Top Holdings

Largest long holdings in ARMSTRONG HENRY H ASSOCIATES INC's portfolio (90% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Microsoft MSFT	Software - Infrastructure Technology	$334.6M	30.27%	-$3.6M Sold	0.01% 646.0K shares	≤ Q2 2013 Held for 12y 6m+
2 Berkshire Hathaway BRK.A	Insurance - Diversified Financial Services	$214.2M	19.37%	-$1.5M Sold	0.02% 284.0 shares	Q4 2019 Held for 6 years
3 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$186.0M	16.82%	-$336.3K Sold	0.02% 369.9K shares	Q4 2019 Held for 6 years
4 Moody's MCO	Financial - Data & Stock Exchanges Financial Services	$70.8M	6.41%	-$95.3K Sold	0.08% 148.6K shares	≤ Q2 2013 Held for 12y 6m+
5 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$60.8M	5.50%	-$494.7K Sold	0.01% 327.8K shares	≤ Q2 2013 Held for 12y 6m+
6 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$56.4M	5.10%	+$28.4K Bought	0.02% 366.9K shares	≤ Q2 2013 Held for 12y 6m+
7 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$23.3M	2.11%	-$32.1K Sold	0.00% 95.6K shares	Q1 2015 Held for 10y 9m
8 Air Products and Chemicals APD	Chemicals - Specialty Basic Materials	$18.0M	1.63%	+$248.4K Bought	0.03% 66.1K shares	Q4 2015 Held for 10 years
9 Union Pacific UNP	Railroads Industrials	$15.6M	1.41%	+$21.7K Bought	0.01% 65.9K shares	Q4 2015 Held for 10 years
10 Apple AAPL	Consumer Electronics Technology	$15.1M	1.37%	-$494.0K Sold	0.00% 59.3K shares	≤ Q2 2013 Held for 12y 6m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in ARMSTRONG HENRY H ASSOCIATES INC's latest filing

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Market Value

$1.1B

Prior: $1.1B

Q/Q Change

+4.34%

+$45.9M

Net Flows % of MV

-0.252%

Turnover Ratio

0.661%

New Purchases

4 stocks

$1.9M

Added To

9 stocks

+$3.9M

Sold Out Of

1 stocks

$16.9K

Reduced Holdings

18 stocks

-$8.6M

Increased Positions

Position	Shares Δ	Change
1 Uber Technologies UBER	New	0 → 15.2K +$1.5M
2 Vanguard S&P 500 ETF VOO	New	0 → 336.0 +$205.8K
3 Tesla, Inc. TSLA	New	0 → 460.0 +$204.6K
4 Nextdoor Holdings, Inc. NXDR	New	0 → 10.2K +$21.3K
5 Fastenal FAST	+36.18%	170.9K → 232.8K +$3.0M

Decreased Positions

Position	Shares Δ	Change
1 KIND Nextdoor Holdings KIND	Sold	10.2K → 0 −$16.9K
2 Waters Corporation WAT	-47.68%	8.2K → 4.3K −$1.2M
3 McCormick & Company, Incorporated MKC	-35.77%	18.9K → 12.1K −$452.6K
4 Exxon Mobil XOM	-5.69%	8.8K → 8.3K −$56.1K
5 Apple AAPL	-3.17%	61.3K → 59.3K −$494.0K

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Analytics

Portfolio insights and performance metrics for ARMSTRONG HENRY H ASSOCIATES INC

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Sector Allocation

Financial Services

43.60%

Technology

32.30%

Healthcare

7.30%

Consumer Defensive

6.40%

Industrials

3.80%

Communication Services

3.00%

Basic Materials

1.70%

Consumer Cyclical

0.80%

ETF

0.60%

Utilities

0.20%

Energy

0.10%

Market Cap Distribution

Mega Cap (> $200B)

85.54%

Large Cap ($10B - $200B)

13.38%

Mid Cap ($2B - $10B)

0.05%

Small Cap ($300M - $2B)

0.02%

N/A (ETF or Unknown)

1.01%

Portfolio Concentration

Top 10 Holdings %

89.98%

Top 20 Holdings %

96.15%

Top 50 Holdings %

99.74%

Top 100 Holdings %

100.0%