Alan B Lancz & Associates, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Alan B Lancz & Associates, Inc. reported 131 stock positions worth $110.7 million. Its top holding was Apple (AAPL) at 9.1% of the portfolio, followed by Alphabet Class A (GOOGL, 5.2%) and Microsoft (MSFT, 5.0%). Compared with Q2 2025, it opened 9 new positions, sold out of 6, added to 16 and reduced 39. The biggest buy was a new position in Alibaba Group Holding-SP ADR (BABA) and the biggest sale Nvidia (NVDA, shares −33%).

Most Recent 13F
Q2 2026
Location
TOLEDO, OH
CIK
0001897835
Portfolio Value
$110.7M (Q3 2025)
SEC Filing
0001765380-25-000497 ↗ filed Nov 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q2 2024: $101.1M Q2 2024 Q3 2024: $109.0M Q3 2024 Q4 2024: $98.4M Q4 2024 Q1 2025: $93.8M Q1 2025 Q2 2025: $99.9M Q2 2025 Q3 2025: $110.7M $110.7M Q3 2025 Q4 2025: $113.8M Q4 2025 Q1 2026: $103.0M Q1 2026 Q2 2026: $115.0M Q2 2026

Holdings 131 stocks · $110.7M
AAPL Apple Inc. 9.08% 39,452 $10.0M Add +0.3%
GOOGL Alphabet Inc. Class A 5.24% 23,871 $5.8M Add +0.0%
MSFT Microsoft Corp. 5.03% 10,743 $5.6M Reduce -8.5%
COST Costco Wholesale Corp. 4.13% 4,933 $4.6M Add +0.5%
GOOG Alphabet Inc. Class C 4.06% 18,450 $4.5M Reduce -0.3%
AMGN Amgen Inc. 2.61% 10,230 $2.9M Reduce -1.0%
BRK.B Berkshire Hathaway Inc. Class B 2.47% 5,444 $2.7M Reduce -1.0%
BABA Alibaba Group Holding-SP ADR 2.42% 15,000 $2.7M New
NVDA Nvidia Corp. 2.25% 13,326 $2.5M Reduce -32.6%
QCOM Qualcomm Inc. 2.21% 14,672 $2.4M No change
AMZN Amazon.com Inc. 2.03% 10,221 $2.2M Add +0.5%
ALSN Allison Transmission Holding 1.78% 23,220 $2.0M Reduce -0.1%
GS Goldman Sachs Group Inc. 1.58% 2,190 $1.7M Reduce -1.6%
HON Honeywell International Inc. 1.36% 7,161 $1.5M No change
CSCO Cisco Systems Inc. 1.31% 21,159 $1.4M Reduce -0.9%
JPM JPMorgan Chase & Co. 1.26% 4,406 $1.4M Reduce -1.1%
ORCL Oracle Corp. 1.24% 4,869 $1.4M Add +5.4%
PSMT Pricesmart Inc. 1.10% 10,060 $1.2M No change
LLY Eli Lilly & Co. 1.08% 1,570 $1.2M Add +2.6%
ABBV Abbvie Inc. 1.07% 5,124 $1.2M No change
JNJ Johnson & Johnson 1.06% 6,307 $1.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.99% 9,587 $1.1M Reduce -4.9%
CMCSA Comcast Corp. Class A 0.96% 33,837 $1.1M Add +4.0%
MRK Merck & Co. Inc. 0.95% 12,573 $1.1M Reduce -1.2%
GEN Gen Digital Inc. 0.94% 36,600 $1.0M Reduce -1.4%
NEE Nextera Energy Inc. 0.89% 13,091 $988K No change
GILD Gilead Sciences Inc. 0.88% 8,790 $976K No change
VST Vistra Corp. 0.88% 4,958 $971K Reduce -3.4%
MP MP Materials Corp. 0.85% 14,050 $942K No change
META Meta Platforms Inc. Class A 0.85% 1,275 $936K Reduce -24.8%
MDT Medtronic PLC 0.84% 9,808 $934K Reduce -1.0%
UBER Uber Technologies Inc. 0.84% 9,500 $931K Add +11.8%
NSC Norfolk Southern Corp. 0.80% 2,941 $884K No change
ALL Allstate Corp. 0.78% 4,000 $859K No change
BX Blackstone Inc. 0.73% 4,700 $803K No change
SHOP Shopify Inc. Class A 0.72% 5,350 $795K Reduce -35.9%
MPC Marathon Petroleum Corp. 0.71% 4,050 $781K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.67% 14,378 $742K Reduce -1.4%
B Barrick Mining Corp. 0.63% 21,360 $700K No change
NEM Newmont Corp. 0.62% 8,170 $689K No change
AWK American Water Works Co. Inc. 0.61% 4,850 $675K No change
NI Nisource Inc. 0.58% 14,765 $639K No change
EQIX Equinix Inc. 0.57% 803 $629K New
HD Home Depot Inc. 0.55% 1,500 $608K Reduce -3.2%
AVGO Broadcom Inc. 0.54% 1,800 $594K Reduce -7.7%
CAT Caterpillar Inc. 0.50% 1,150 $549K No change
ZTS Zoetis Inc. 0.50% 3,750 $549K New
CME Cme Group Inc. 0.49% 2,025 $547K No change
APD Air Products & Chemicals Inc. 0.49% 1,971 $538K No change
IBN Icici Bank Ltd.-Spon ADR 0.48% 17,655 $534K No change
ORI Old Republic Intl Corp. 0.48% 12,550 $533K No change
UPS United Parcel Service Class B 0.48% 6,370 $532K No change
SRE Sempra 0.48% 5,900 $531K Reduce -1.7%
VIG Vanguard Dividend Apprec ETF 0.47% 2,420 $522K Reduce -2.7%
WTRG Essential Utilities Inc. 0.46% 12,784 $510K Add +32.0%
MU Micron Technology Inc. 0.45% 3,000 $502K No change
MWA Mueller Water Products Inc. Class A 0.45% 19,527 $498K No change
LMT Lockheed Martin Corp. 0.44% 975 $487K No change
FDX FedEx Corp. 0.44% 2,050 $483K No change
OKE Oneok Inc. 0.43% 6,562 $479K No change
DOC Healthpeak Properties Inc. 0.42% 24,400 $467K Add +14.6%
AMT American Tower Corp. 0.41% 2,356 $453K No change
NVT Nvent Electric PLC 0.40% 4,442 $438K No change
PATH Uipath Inc. Class A 0.39% 32,400 $434K New
UNH Unitedhealth Group Inc. 0.39% 1,255 $433K Reduce -3.8%
CVX Chevron Corp. 0.39% 2,784 $432K Add +34.7%
MKC McCormick & Co.-Non VTG SHRS 0.39% 6,450 $432K No change
AOS Smith (a.o.) Corp. 0.38% 5,800 $426K No change
TECK Teck Resources Ltd.-CLS B 0.38% 9,550 $419K Reduce -3.0%
XOM Exxon Mobil Corp. 0.38% 3,717 $419K Add +0.2%
GSK GSK PLC-Spon ADR 0.38% 9,620 $415K Reduce -1.6%
PNR Pentair PLC 0.37% 3,742 $414K Reduce -7.4%
ENB Enbridge Inc. 0.37% 8,093 $408K No change
KO The Coca-Cola Co. 0.37% 6,150 $408K Reduce -26.4%
RSP Invesco S&P 500 Equal Weight 0.37% 2,140 $406K No change
DELL Dell Technologies -C 0.36% 2,801 $397K No change
PFE Pfizer Inc. 0.35% 15,394 $392K Reduce -5.9%
KGC Kinross Gold Corp. 0.34% 15,200 $378K No change
CE Celanese Corp. 0.34% 8,875 $373K No change
KMB Kimberly-Clark Corp. 0.34% 2,993 $372K No change
MDLZ Mondelez International Inc. Class A 0.33% 5,850 $365K No change
PEP Pepsico Inc. 0.32% 2,559 $359K Add +0.1%
USMV iShares MSCI USA Min Vol Fac 0.32% 3,700 $352K No change
PLTR Palantir Technologies Inc. Class A 0.31% 1,900 $347K Reduce -19.1%
VZ Verizon Communications Inc. 0.30% 7,646 $336K Reduce -16.5%
GNRC Generac Holdings Inc. 0.30% 1,975 $331K No change
IP International Paper Co. 0.30% 7,100 $329K No change
CTAS Cintas Corp. 0.30% 1,600 $328K No change
NOC Northrop Grumman Corp. 0.29% 525 $320K No change
LIN Linde PLC 0.29% 671 $319K No change
WFC Wells Fargo & Co. 0.29% 3,800 $319K No change
EBAY eBay Inc. 0.28% 3,468 $315K No change
BDX Becton Dickinson and Co. 0.28% 1,660 $311K No change
ZBH Zimmer Biomet Holdings Inc. 0.28% 3,150 $310K Add +26.0%
LOW Lowe's Cos Inc. 0.28% 1,231 $309K Reduce -5.7%
TIP iShares Tips Bond ETF 0.27% 2,725 $303K No change
HOLX Hologic Inc. 0.27% 4,450 $300K No change
FHN First Horizon Corp. 0.27% 13,100 $296K No change
TSLA Tesla Inc. 0.27% 663 $295K Reduce -13.1%
BMY Bristol-Myers Squibb Co. 0.26% 6,500 $293K Reduce -3.7%
FBTC Fidelity Wise Origin Bitcoin 0.26% 2,900 $289K Add +5.5%
ES Eversource Energy 0.26% 4,033 $287K No change
DE Deere & Co. 0.26% 625 $286K No change
PSX Phillips 66 0.26% 2,082 $283K No change
COP Conocophillips 0.26% 2,992 $283K Reduce -7.7%
AXP American Express Co. 0.26% 850 $282K No change
EPD Enterprise Products Partners 0.25% 8,996 $281K No change
ANDE The Andersons Inc. 0.25% 7,041 $280K No change
SU Suncor Energy Inc. 0.25% 6,700 $280K No change
MSI Motorola Solutions Inc. 0.25% 601 $275K No change
FITB Fifth Third Bancorp 0.25% 6,090 $271K No change
XRAY Dentsply Sirona Inc. 0.24% 21,200 $269K New
MANU Manchester United PLC Class A 0.24% 17,605 $267K Reduce -2.2%
AIG American International Group 0.23% 3,265 $256K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.23% 3,900 $252K No change
UNP Union Pacific Corp. 0.23% 1,056 $250K Reduce -8.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.22% 2,850 $249K New
VSH Vishay Intertechnology Inc. 0.22% 16,194 $248K Reduce -5.3%
AMCR Amcor PLC 0.22% 30,089 $246K No change
SNY Sanofi-ADR 0.21% 5,000 $236K Reduce -4.8%
DLTR Dollar Tree Inc. 0.21% 2,500 $236K Reduce -3.9%
L Loews Corp. 0.21% 2,305 $231K No change
WM Waste Management Inc. 0.20% 1,000 $221K No change
PANW Palo Alto Networks Inc. 0.19% 1,050 $214K New
USB US Bancorp 0.19% 4,400 $213K New
CWT California Water Service Grp 0.19% 4,600 $211K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 746 $210K No change
WMT Walmart Inc. 0.18% 1,960 $202K New
CLF Cleveland-Cliffs Inc. 0.18% 16,400 $200K No change
ANGO Angiodynamics Inc. 0.17% 16,350 $183K Add +49.3%
TRC Tejon Ranch Co. 0.15% 10,373 $166K Reduce -6.3%

Portfolio Sells Q2 2025 → Q3 2025
NVDA Nvidia Corp. Reduce -32.6% 2.25% −0.88
MSFT Microsoft Corp. Reduce -8.5% 5.03% −0.82
RIVN Rivian Automotive Inc. Class A Sold out 0.00% −0.44
ALSN Allison Transmission Holding Reduce -0.1% 1.78% −0.43
META Meta Platforms Inc. Class A Reduce -24.8% 0.85% −0.41
CMG Chipotle Mexican Grill Inc. Sold out 0.00% −0.28
AMGN Amgen Inc. Reduce -1.0% 2.61% −0.28
DIS The Walt Disney Co. Reduce -4.9% 0.99% −0.26
BAX Baxter International Inc. Sold out 0.00% −0.25
SHOP Shopify Inc. Class A Reduce -35.9% 0.72% −0.25
KO The Coca-Cola Co. Reduce -26.4% 0.37% −0.22
LYB Lyondellbasell Indu Class A Sold out 0.00% −0.21
MCO Moody's Corp. Sold out 0.00% −0.20
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 2.47% −0.20
CSCO Cisco Systems Inc. Reduce -0.9% 1.31% −0.17
GEN Gen Digital Inc. Reduce -1.4% 0.94% −0.15
VST Vistra Corp. Reduce -3.4% 0.88% −0.12
VZ Verizon Communications Inc. Reduce -16.5% 0.30% −0.09
MANU Manchester United PLC Class A Reduce -2.2% 0.24% −0.08
MRK Merck & Co. Inc. Reduce -1.2% 0.95% −0.05
BMY Bristol-Myers Squibb Co. Reduce -3.7% 0.26% −0.05
VSH Vishay Intertechnology Inc. Reduce -5.3% 0.22% −0.05
DLTR Dollar Tree Inc. Reduce -3.9% 0.21% −0.04
PFE Pfizer Inc. Reduce -5.9% 0.35% −0.04
PNR Pentair PLC Reduce -7.4% 0.37% −0.04
UNP Union Pacific Corp. Reduce -8.7% 0.23% −0.04
SNY Sanofi-ADR Reduce -4.8% 0.21% −0.04
TRC Tejon Ranch Co. Reduce -6.3% 0.15% −0.04
VIG Vanguard Dividend Apprec ETF Reduce -2.7% 0.47% −0.04
JPM JPMorgan Chase & Co. Reduce -1.1% 1.26% −0.04
COP Conocophillips Reduce -7.7% 0.26% −0.04
MDT Medtronic PLC Reduce -1.0% 0.84% −0.02
BAC Bank of America Corp. Reduce -1.4% 0.67% −0.02
HD Home Depot Inc. Reduce -3.2% 0.55% −0.02
TECK Teck Resources Ltd.-CLS B Reduce -3.0% 0.38% −0.02
SENS Senseonics Holdings Inc. Sold out 0.00% −0.02
UNH Unitedhealth Group Inc. Reduce -3.8% 0.39% −0.02
LOW Lowe's Cos Inc. Reduce -5.7% 0.28% −0.01
PLTR Palantir Technologies Inc. Class A Reduce -19.1% 0.31% −0.01
AVGO Broadcom Inc. Reduce -7.7% 0.54% −0.00
GSK GSK PLC-Spon ADR Reduce -1.6% 0.38% −0.00
GS Goldman Sachs Group Inc. Reduce -1.6% 1.58% −0.00
TSLA Tesla Inc. Reduce -13.1% 0.27% +0.02
SRE Sempra Reduce -1.7% 0.48% +0.02
GOOG Alphabet Inc. Class C Reduce -0.3% 4.06% +0.78

Portfolio Buys Q2 2025 → Q3 2025
BABA Alibaba Group Holding-SP ADR New 2.42% +2.42
GOOGL Alphabet Inc. Class A Add +0.0% 5.24% +1.03
AAPL Apple Inc. Add +0.3% 9.08% +1.00
EQIX Equinix Inc. New 0.57% +0.57
ZTS Zoetis Inc. New 0.50% +0.50
PATH Uipath Inc. Class A New 0.39% +0.39
XRAY Dentsply Sirona Inc. New 0.24% +0.24
ORCL Oracle Corp. Add +5.4% 1.24% +0.23
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.22% +0.22
PANW Palo Alto Networks Inc. New 0.19% +0.19
USB US Bancorp New 0.19% +0.19
WMT Walmart Inc. New 0.18% +0.18
WTRG Essential Utilities Inc. Add +32.0% 0.46% +0.10
CVX Chevron Corp. Add +34.7% 0.39% +0.09
ANGO Angiodynamics Inc. Add +49.3% 0.17% +0.06
ZBH Zimmer Biomet Holdings Inc. Add +26.0% 0.28% +0.05
DOC Healthpeak Properties Inc. Add +14.6% 0.42% +0.05
UBER Uber Technologies Inc. Add +11.8% 0.84% +0.05
FBTC Fidelity Wise Origin Bitcoin Add +5.5% 0.26% +0.00
PEP Pepsico Inc. Add +0.1% 0.32% −0.01
XOM Exxon Mobil Corp. Add +0.2% 0.38% −0.02
LLY Eli Lilly & Co. Add +2.6% 1.08% −0.11
CMCSA Comcast Corp. Class A Add +4.0% 0.96% −0.20
AMZN Amazon.com Inc. Add +0.5% 2.03% −0.21
COST Costco Wholesale Corp. Add +0.5% 4.13% −0.74

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 138$115.0MAAPL, GOOGL, GOOG, COST, MSFT
Q1 2026 129$103.0MAAPL, GOOGL, COST, GOOG, MSFT
Q4 2025 132$113.8MAAPL, GOOGL, GOOG, MSFT, COST
Q3 2025 131$110.7MAAPL, GOOGL, MSFT, COST, GOOG
Q2 2025 128$99.9MAAPL, MSFT, COST, GOOGL, GOOG
Q1 2025 123$93.8MAAPL, COST, MSFT, GOOGL, AMGN
Q4 2024 127$98.4MAAPL, GOOGL, COST, MSFT, GOOG
Q3 2024 136$109.0MAAPL, MSFT, COST, GOOGL, AMGN
Q2 2024 126$101.1MAAPL, MSFT, GOOGL, COST, GOOG