Moody Aldrich Partners LLC fully exited its position in Palomar Holdings(PLMR +0.00%), selling 53,211 shares for an estimated $8.21 million, according to an SEC filing on October 21, 2025.

What happened

Moody Aldrich Partners LLC reported in a Securities and Exchange Commission (SEC) filing dated October 21, 2025, that it sold its entire holding of Palomar Holdings during the third quarter. The transaction involved 53,211 shares and was estimated at $8.21 million using the average price for the period. The fund no longer holds any shares of Palomar Holdings following the sale.

What else to know

The fund fully exited Palomar Holdings; the position now represents zero percent of its 13F AUM.

Top holdings after the filing:

• CADE: $10.9 million (2.1% of AUM)
• INDB: $10.5 million (2% of AUM)
• PTGX: $9.5 million (1.8% of AUM)
• KTOS: $9.5 million (1.8% of AUM)
• PIPR: $8.4 million (1.6% of AUM)

As of October 21, 2025, Palomar Holdings shares were priced at $115.34, up 9.2% YTD, underperforming the S&P 500 by 5.5 percentage points.

Company Overview

Company Snapshot

• Offers specialty property insurance products, including earthquake, hurricane, flood, inland marine, and commercial all-risk coverage, as well as assumed reinsurance and real estate-related products.
• Generates revenue primarily through underwriting specialty insurance policies and collecting premiums, complemented by risk transfer and reinsurance arrangements.
• Serves residential and commercial customers, distributing products through retail agents, wholesale brokers, program administrators, and carrier partnerships.
• Palomar Holdings, Inc. is a specialty property insurer with diversified offerings and a focus on catastrophe-exposed markets.

Foolish take

Moody Aldrich Partners just sold its entire $8.2 million stake in Palomar Holdings, completely exiting the specialty insurer after a decent but not spectacular year in 2025. With the stock up about 9% year-to-date through late October—a gain that trails the S&P 500’s broader rally—this move is probably just portfolio rebalancing, not a sign that it’s lost faith in the company’s future.

Palomar has carved out a unique spot for itself in the insurance world by focusing on property that’s exposed to catastrophes, like earthquakes, hurricanes, and other high-risk areas that most traditional insurers steer clear of. While this specialization can lead to great profits in quiet years, it also means the company is more exposed to volatility linked to natural disasters and the cost of reinsurance.

For investors, Palomar is still an interesting blend of risk and reward: its smart underwriting and growth in niche markets are balanced against its exposure to unpredictable weather events. Moody Aldrich’s decision to leave is likely a short-term tactical play—it doesn’t necessarily mean it’s judging the company’s long-term strength or ability to make money.

Glossary

13F reportable assets under management (AUM): The total value of securities a fund must report quarterly to the SEC on Form 13F.
Alpha: A measure of an investment’s performance relative to a benchmark, showing excess return above the benchmark’s return.
Assumed reinsurance: When an insurer accepts risk from another insurance company in exchange for a premium.
Catastrophe-exposed markets: Insurance markets focused on areas with a high risk of natural disasters like earthquakes or hurricanes.
Program administrators: Firms or individuals managing insurance programs on behalf of insurers, often handling underwriting and distribution.
Risk transfer: Shifting financial risk from one party to another, commonly through insurance or reinsurance contracts.
Wholesale brokers: Intermediaries who sell insurance products to retail agents rather than directly to consumers.
Underwriting: The process insurers use to evaluate risk and decide terms and pricing for insurance policies.
TTM: The 12-month period ending with the most recent quarterly report.

On October 17, 2025, Nixon Peabody Trust Company disclosed in an SEC filing that it sold 25,734 shares of General Dynamics (GD 0.22%), an estimated $8.11 million trade.

What happened

According to a filing with the Securities and Exchange Commission dated October 17, 2025, Nixon Peabody Trust Company reduced its stake in General Dynamics by 25,734 shares during Q3 2025. The estimated transaction value, based on the quarter’s average price, was $8.11 million. The fund now reports holding 30,224 shares in General Dynamics, worth $10.31 million.

What else to know

This reduction brings the stake in General Dynamics to 0.75% of Nixon Peabody Trust Company’s 13F assets, as of Q3 2025. Previously, the position made up 1.26% of the fund’s AUM, as of Q2 2025.

Top five holdings after the filing:

• IDEV: $88.54 million (6.48% of AUM) as of September 30, 2025
• MSFT: $81.41 million (5.96% of AUM) as of September 30, 2025
• AVLV: $71.50 million (5.24% of AUM) as of September 30, 2025
• AAPL: $67.89 million (4.97% of AUM) as of September 30, 2025
• NVDA: $65.25 million (4.78% of AUM) as of September 30, 2025

As of October 17, 2025, shares of General Dynamics were priced at $331.15, up 7.4% for the year through October 17, 2025 and underperforming the S&P 500 by 3.2 percentage points over the same period.

Company Overview

Company Snapshot

General Dynamics offers business jets, naval vessels, combat vehicles, weapons systems, and advanced IT solutions through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

The company generates revenue primarily through manufacturing and servicing defense platforms, business aviation, and technology solutions for government and commercial clients.

It serves U.S. and allied government agencies, defense departments, and commercial aviation customers worldwide.

General Dynamics is a leading global aerospace and defense contractor with a diversified portfolio spanning business aviation, shipbuilding, land combat systems, and defense technology.

Foolish take

Nixon Peabody Trust Company scaled back its position in General Dynamics, but even before the sell, this stock accounted for only a small fraction of the fund’s overall portfolio at just 1.26% of AUM — well outside its top five holdings.

It’s worth noting that although General Dynamics has lagged behind the S&P 500, it’s up by more than 25% year to date and 133% over the last five years, as of October 17, 2025. With the timing of this sell-off, it’s not surprising that institutional investors are cashing in on those earnings.

General Dynamics remains a major name in the defense sector, recently securing a $1.5 billion contract with U.S. Strategic Command to modernize its enterprise IT systems.

The company also has a long history of dividend growth, increasing its dividend payout for 28 consecutive years. Defense companies like General Dynamics can already offer some stability and predictability for investors thanks to contracts with the U.S. government, while consistent dividends can be appealing to income investors, too.

Glossary

13F: A quarterly SEC filing by institutional investment managers disclosing their equity holdings.
Assets Under Management (AUM): The total market value of investments managed on behalf of clients by a fund or institution.
Quarter (Q3 2025): The third three-month period of a financial year; here, July–September 2025.
Position: The amount of a particular security or asset held by an investor or fund.
Top five holdings: The five largest investments in a fund’s portfolio by value.
Stake: The ownership interest or share an investor holds in a company.
Defense contractor: A company that provides products or services to military or government defense agencies.
Segment: A distinct business division within a company, often reporting separate financial results.
TTM: The 12-month period ending with the most recent quarterly report.

Katie Brockman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.