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Distillate Capital Partners LLC

CIK:0001741001
Investment Adviser
$2B AUM
117 holdings
Chicago, IL, United States
Founded:2017
4 employees
Latest filing:Jun 30, 2025

Distillate Capital Partners LLC is a Chicago-based investment adviser registered with the SEC, founded in 2017. The firm is an Illinois limited liability company controlled by co-founders Thomas Cole, Jay Beidler, and Matt Swanson, all CFAs. With approximately 4 employees, Distillate provides investment advisory services to individuals, institutions, and investment companies, including managing several ETFs. They primarily serve registered investment companies and institutional clients.

Investment Strategy

Distillate Capital Partners employs a systematic, fundamentals-driven approach grounded in proprietary quantitative research. The firm seeks to identify equities with high cash flow quality and attractive valuations, aiming to minimize biases and risks traditionally associated with accounting-based metrics. Distillate manages both domestic and international equity strategies and offers actively managed ETFs. Their philosophy centers on transparency, clarity, and risk mitigation, emphasizing free cash flow normalization and focusing on fundamental business stability.

Latest 13F Filing Activity

Distillate Capital Partners LLC filed their most recent 13F report on Jun 30, 2025 disclosing 116 equity positions with a total 13F market value of $2B. The fund increased holdings in Salesforce Inc., Amgen Inc., Pepsico Inc. among other positions. Distillate Capital Partners LLC reduced exposure to Unitedhealth Group Inc., Fedex Corp., Lennar Corp. among others.

Top Buys
C
CRMSALESFORCE INC
+$28.3M
A
AMGNAMGEN INC
+$25.5M
P
PEPPEPSICO INC
+$24.6M
U
UBERUBER TECHNOLOGIES INC
+$24.0M
F
FIFISERV INC
+$19.2M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$24.1M
F
FDXFEDEX CORP
-$18.9M
L
LENLENNAR CORP
-$18.8M
K
KLACKLA CORP
-$18.8M
V
VSTVISTRA CORP
-$18.3M

Top Holdings

U
UNHUNITEDHEALTH GROUP INC
+2.4%$44.8M
M
MRKMERCK & CO INC
+2.4%$44.8M
J
JNJJOHNSON & JOHNSON
+2.3%$43.3M
A
ABBVABBVIE INC
+2.3%$42.5M
T
TMUST-MOBILE US INC
+2.0%$37.0M

Equity Positions (116)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
UNITEDHEALTH GROUP INC2.40%$44.8M143,717$481.03$311.97-$24.1M
MERCK & CO INC2.40%$44.8M565,353$89.76$79.16-$11.2M
JOHNSON & JOHNSON2.32%$43.3M283,609$154.59$152.75-$3.4M
ABBVIE INC2.28%$42.5M229,196$170.98$185.62-$10.6M
T-MOBILE US INC1.98%$37.0M155,362$220.96$238.26-$3.9M

Industry Allocation

PHARMACEUTICAL PREPARATIONS
+9.7%
SERVICES-BUSINESS SERVICES, NEC
+5.7%
SERVICES-PREPACKAGED SOFTWARE
+4.7%
WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES
+3.1%
COMPUTER COMMUNICATIONS EQUIPMENT
+3.0%