Albion Financial Group
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Albion Financial Group reported 585 stock positions worth $1.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.4% of the portfolio, followed by iShares Russell Mid-Cap ETF (IWR, 5.2%) and Microsoft (MSFT, 4.5%). Compared with Q1 2025, it opened 17 new positions, sold out of 39, added to 78 and reduced 82. The biggest buy was BlackRock (BLK, shares +124%) and the biggest sale Unitedhealth (UNH, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001054677
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0001054677-25-000005 ↗ filed Jul 17, 2025
Holdings Value
Holdings 585 stocks · $1.5B
| VOO Vanguard S&P 500 ETF | 11.36% | 306,248 | $174.0M | Add +6.7% |
| IWR iShares Russell Mid-Cap ETF | 5.24% | 871,659 | $80.2M | Reduce -0.5% |
| MSFT Microsoft Corp. | 4.52% | 139,107 | $69.2M | Add +0.5% |
| AAPL Apple Inc. | 4.52% | 337,200 | $69.2M | Reduce -4.9% |
| AMZN Amazon.com Inc. | 3.60% | 251,191 | $55.1M | Add +2.4% |
| NVDA Nvidia Corp. | 3.15% | 305,519 | $48.3M | Add +0.4% |
| IJR iShares Core S&P Small-Cap E | 2.29% | 320,428 | $35.0M | Reduce -0.6% |
| AVGO Broadcom Inc. | 2.21% | 122,699 | $33.8M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 2.19% | 189,994 | $33.5M | Reduce -28.1% |
| VGIT Vanguard Intermediate-Term T | 2.18% | 556,764 | $33.3M | Add +0.5% |
| VEU Vanguard Ftse All-World Ex-U | 1.97% | 449,168 | $30.2M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.82% | 96,052 | $27.8M | Add +0.6% |
| BLK BlackRock Inc. | 1.80% | 26,239 | $27.5M | Add +124.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.77% | 340,810 | $27.1M | Reduce -0.5% |
| JMBS Janus Henderson Mortg Backed | 1.67% | 568,129 | $25.6M | Add +0.5% |
| JAAA Janus Henderson Aaa Clo ETF | 1.66% | 499,959 | $25.4M | Add +1.9% |
| HD Home Depot Inc. | 1.63% | 67,979 | $24.9M | Add +0.5% |
| FISV Fiserv Inc. | 1.59% | 141,131 | $24.3M | Add +0.8% |
| V Visa Inc. Class A | 1.57% | 67,835 | $24.1M | Add +0.1% |
| SCHD Schwab US DVD Equity ETF | 1.53% | 882,802 | $23.4M | Add +56.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.51% | 37,366 | $23.1M | Add +0.6% |
| COST Costco Wholesale Corp. | 1.44% | 22,208 | $22.0M | Add +0.5% |
| ORCL Oracle Corp. | 1.30% | 90,742 | $19.8M | Reduce -44.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.23% | 38,880 | $18.9M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 1.16% | 24,151 | $17.8M | Add +0.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.10% | 30,396 | $16.8M | Reduce -0.4% |
| APH Amphenol Corp. Class A | 1.06% | 163,857 | $16.2M | Add +2.9% |
| UBER Uber Technologies Inc. | 1.05% | 172,140 | $16.1M | Add +1.3% |
| IBB iShares Biotechnology ETF | 1.02% | 123,993 | $15.7M | Add +0.1% |
| PWR Quanta Services Inc. | 0.99% | 39,980 | $15.1M | Add +111.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.98% | 121,976 | $15.1M | Add +1549.0% |
| ACN Accenture PLC Class A | 0.96% | 48,966 | $14.6M | Reduce -0.2% |
| VRT Vertiv Holdings Co. Class A | 0.94% | 112,081 | $14.4M | Add +5.5% |
| HON Honeywell International Inc. | 0.93% | 61,348 | $14.3M | Add +0.1% |
| LMT Lockheed Martin Corp. | 0.92% | 30,293 | $14.0M | Add +0.6% |
| SBUX Starbucks Corp. | 0.89% | 149,109 | $13.7M | Reduce -0.1% |
| GE General Electric filed as GE AEROSPACE | 0.89% | 52,699 | $13.6M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.87% | 107,422 | $13.3M | Add +2.3% |
| CRM Salesforce Inc. | 0.79% | 44,450 | $12.1M | Add +82.9% |
| MUB iShares National Muni Bond E | 0.78% | 113,680 | $11.9M | Add +20.1% |
| SGOV iShares 0-3 Month Treasury B | 0.74% | 113,154 | $11.4M | New |
| CSCO Cisco Systems Inc. | 0.72% | 158,084 | $11.0M | Add +1.1% |
| TMO Thermo Fisher Scientific Inc. | 0.68% | 25,487 | $10.3M | Reduce -0.3% |
| JUST Goldman Sachs Just US LRG | 0.67% | 117,329 | $10.3M | Add +12.6% |
| MS Morgan Stanley | 0.60% | 65,170 | $9.2M | Add +0.8% |
| MCD McDonald's Corp. | 0.56% | 29,406 | $8.6M | Reduce -0.5% |
| ABBV Abbvie Inc. | 0.55% | 45,726 | $8.5M | Add +0.6% |
| UNP Union Pacific Corp. | 0.54% | 35,610 | $8.2M | Add +0.1% |
| QCOM Qualcomm Inc. | 0.51% | 49,075 | $7.8M | Reduce -0.3% |
| PAYX Paychex Inc. | 0.50% | 52,518 | $7.6M | Reduce -0.2% |
| SO The Southern Co. | 0.49% | 82,110 | $7.5M | Reduce -1.1% |
| AMGN Amgen Inc. | 0.49% | 26,601 | $7.4M | Reduce -0.1% |
| DGRW Wisdomtree U.S. Quality Divi | 0.48% | 87,127 | $7.3M | No change |
| GEV GE Vernova Inc. | 0.45% | 13,159 | $7.0M | Reduce -0.3% |
| PABU Ishr Par-Alnd Clim Opt Mue-U | 0.44% | 101,246 | $6.8M | Add +16.2% |
| TXN Texas Instruments Inc. | 0.44% | 32,603 | $6.8M | Add +0.2% |
| PWRD TCW Transform Systems ETF | 0.43% | 73,791 | $6.7M | Add +12.9% |
| WEC WEC Energy Group Inc. | 0.43% | 62,760 | $6.5M | Add +1.3% |
| MDT Medtronic PLC | 0.40% | 69,977 | $6.1M | Add +1.3% |
| MAIN Main Street Capital Corp. | 0.37% | 95,112 | $5.6M | Add +0.4% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.36% | 109,409 | $5.6M | Add +25.3% |
| PEP Pepsico Inc. | 0.35% | 40,427 | $5.3M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.34% | 33,058 | $5.3M | No change |
| AFL Aflac Inc. | 0.33% | 48,570 | $5.1M | Add +0.2% |
| PRFZ Inv Rafi US 1500 SM-Usd Inc. | 0.30% | 112,200 | $4.6M | No change |
| ED Consolidated Edison Inc. | 0.30% | 45,452 | $4.6M | Add +0.3% |
| SHE SS SPDR MSCI U Gend Div ETF | 0.29% | 35,429 | $4.4M | Add +0.4% |
| DVY iShares Select Dividend ETF | 0.29% | 32,985 | $4.4M | Reduce -0.0% |
| ABT Abbott Laboratories | 0.27% | 30,833 | $4.2M | Add +0.4% |
| CLX Clorox Company | 0.27% | 34,889 | $4.2M | Add +0.3% |
| VIG Vanguard Dividend Apprec ETF | 0.24% | 18,195 | $3.7M | Add +3.2% |
| TGT Target Corp. | 0.23% | 35,693 | $3.5M | Add +17.7% |
| CVX Chevron Corp. | 0.22% | 23,770 | $3.4M | Reduce -0.1% |
| KMB Kimberly-Clark Corp. | 0.20% | 23,882 | $3.1M | Reduce -1.1% |
| DMXF iShares ESG Advanc MSCI Eafe | 0.19% | 39,623 | $2.9M | Add +0.2% |
| UPS United Parcel Service Class B | 0.19% | 28,847 | $2.9M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.18% | 35,327 | $2.8M | Add +9.9% |
| SRLN SS Blackstone Sr Loan ETF | 0.17% | 62,405 | $2.6M | Reduce -1.3% |
| GPC Genuine Parts Co. | 0.16% | 20,757 | $2.5M | Add +3.7% |
| BBHY JPMorgan Betabuilders Usd Hi | 0.16% | 51,186 | $2.4M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 0.15% | 13,225 | $2.3M | Reduce -3.5% |
| NNN NNN REIT Inc. | 0.14% | 50,852 | $2.2M | Add +3.6% |
| TSLA Tesla Inc. | 0.12% | 6,004 | $1.9M | Reduce -0.9% |
| XYL Xylem Inc. | 0.12% | 14,089 | $1.8M | Reduce -1.6% |
| EWC iShares MSCI Canada ETF | 0.12% | 39,000 | $1.8M | No change |
| PGX Invesco Preferred ETF | 0.12% | 161,347 | $1.8M | Reduce -2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 6,064 | $1.8M | Reduce -4.0% |
| CRBN Ish Low Car Opt Ms Ac ETF-US | 0.11% | 7,870 | $1.7M | Add +0.6% |
| ECL Ecolab Inc. | 0.11% | 6,099 | $1.6M | Reduce -45.3% |
| CUT Invesco MSCI Global Timber E | 0.10% | 52,000 | $1.6M | No change |
| RIVN Rivian Automotive Inc. Class A | 0.10% | 108,670 | $1.5M | Reduce -1.1% |
| AWK American Water Works Co. Inc. | 0.09% | 10,428 | $1.5M | Reduce -2.1% |
| WSM Williams-Sonoma Inc. | 0.09% | 8,839 | $1.4M | Add +2.3% |
| ARCC Ares Capital Corp. | 0.09% | 64,605 | $1.4M | Reduce -0.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 4,664 | $1.4M | Add +0.0% |
| JNJ Johnson & Johnson | 0.09% | 8,824 | $1.3M | Reduce -2.2% |
| TSCO Tractor Supply Company | 0.09% | 25,000 | $1.3M | No change |
| IVW iShares S&P 500 Growth ETF | 0.09% | 11,945 | $1.3M | Reduce -91.5% |
| KRMD Koru Medical Systems Inc. | 0.08% | 356,374 | $1.3M | Reduce -19.3% |
| DLR Digital Realty Trust Inc. | 0.08% | 7,300 | $1.3M | Reduce -9.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $29K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 25 | $29K | No change |
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -98.5% | 0.01% | −1.27 |
| XLRE SS Real Estate Select Sector | Reduce -98.3% | 0.02% | −1.10 |
| AAPL Apple Inc. | Reduce -4.9% | 4.52% | −1.05 |
| IVW iShares S&P 500 Growth ETF | Reduce -91.5% | 0.09% | −0.84 |
| GOOGL Alphabet Inc. Class A | Reduce -28.1% | 2.19% | −0.70 |
| ORCL Oracle Corp. | Reduce -44.5% | 1.30% | −0.32 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 1.23% | −0.24 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.3% | 0.68% | −0.23 |
| HAS Hasbro Inc. | Sold out | 0.00% | −0.19 |
| CUBE Cubesmart | Sold out | 0.00% | −0.17 |
| SBUX Starbucks Corp. | Reduce -0.1% | 0.89% | −0.14 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.5% | 1.77% | −0.14 |
| ACN Accenture PLC Class A | Reduce -0.2% | 0.96% | −0.13 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.12 |
| ESGV Vanguard ESG US Stock ETF | Sold out | 0.00% | −0.11 |
| IVV iShares Core S&P 500 ETF | Reduce -99.4% | 0.00% | −0.11 |
| AMGN Amgen Inc. | Reduce -0.1% | 0.49% | −0.10 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.6% | 2.29% | −0.10 |
| ECL Ecolab Inc. | Reduce -45.3% | 0.11% | −0.09 |
| MCD McDonald's Corp. | Reduce -0.5% | 0.56% | −0.09 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.35% | −0.08 |
| NOBL Proshares S&P 500 Dividend A | Sold out | 0.00% | −0.08 |
| PAYX Paychex Inc. | Reduce -0.2% | 0.50% | −0.08 |
| CVX Chevron Corp. | Reduce -0.1% | 0.22% | −0.06 |
| MTD Mettler-Toledo International | Reduce -90.2% | 0.01% | −0.06 |
| TTD Trade Desk Inc./the Class A | Reduce -95.9% | 0.00% | −0.05 |
| SO The Southern Co. | Reduce -1.1% | 0.49% | −0.05 |
| KMB Kimberly-Clark Corp. | Reduce -1.1% | 0.20% | −0.04 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.5% | 5.24% | −0.04 |
| BBY Best Buy Co. Inc. | Sold out | 0.00% | −0.03 |
| DVY iShares Select Dividend ETF | Reduce -0.0% | 0.29% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -0.3% | 0.51% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -97.9% | 0.00% | −0.02 |
| JNJ Johnson & Johnson | Reduce -2.2% | 0.09% | −0.02 |
| AWK American Water Works Co. Inc. | Reduce -2.1% | 0.09% | −0.02 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -1.3% | 0.17% | −0.01 |
| NKE Nike Inc. Class B | Reduce -93.8% | 0.00% | −0.01 |
| PGX Invesco Preferred ETF | Reduce -2.4% | 0.12% | −0.01 |
| AMLP Alerian MLP ETF | Reduce -1.4% | 0.08% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -0.1% | 0.07% | −0.01 |
| BBHY JPMorgan Betabuilders Usd Hi | Reduce -0.1% | 0.16% | −0.01 |
| ESNT Essent Group Ltd. | Sold out | 0.00% | −0.01 |
| ARCC Ares Capital Corp. | Reduce -0.7% | 0.09% | −0.01 |
| RTX RTX Corp. | Reduce -54.4% | 0.01% | −0.01 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.01 |
| BIZD Vaneck BDC Income ETF | Reduce -4.0% | 0.05% | −0.01 |
| EQIX Equinix Inc. | Reduce -5.9% | 0.04% | −0.01 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.01 |
| A Agilent Technologies Inc. | Reduce -0.5% | 0.08% | −0.01 |
| JPIN JPM Diversified Ret Intl Eq | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| BLK BlackRock Inc. | Add +124.4% | 1.80% | +1.02 |
| VOO Vanguard S&P 500 ETF | Add +6.7% | 11.36% | +0.93 |
| TJX TJX Companies Inc. | Add +1549.0% | 0.98% | +0.92 |
| MSFT Microsoft Corp. | Add +0.5% | 4.52% | +0.85 |
| NVDA Nvidia Corp. | Add +0.4% | 3.15% | +0.82 |
| SGOV iShares 0-3 Month Treasury B | New | 0.74% | +0.74 |
| PWR Quanta Services Inc. | Add +111.1% | 0.99% | +0.65 |
| SCHD Schwab US DVD Equity ETF | Add +56.5% | 1.53% | +0.41 |
| VRT Vertiv Holdings Co. Class A | Add +5.5% | 0.94% | +0.40 |
| CRM Salesforce Inc. | Add +82.9% | 0.79% | +0.33 |
| APH Amphenol Corp. Class A | Add +2.9% | 1.06% | +0.32 |
| AMZN Amazon.com Inc. | Add +2.4% | 3.60% | +0.30 |
| META Meta Platforms Inc. Class A | Add +0.7% | 1.16% | +0.19 |
| UBER Uber Technologies Inc. | Add +1.3% | 1.05% | +0.17 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 1.82% | +0.16 |
| DIS The Walt Disney Co. | Add +2.3% | 0.87% | +0.14 |
| PWRD TCW Transform Systems ETF | Add +12.9% | 0.43% | +0.11 |
| JUST Goldman Sachs Just US LRG | Add +12.6% | 0.67% | +0.09 |
| PABU Ishr Par-Alnd Clim Opt Mue-U | Add +16.2% | 0.44% | +0.07 |
| MUB iShares National Muni Bond E | Add +20.1% | 0.78% | +0.07 |
| MS Morgan Stanley | Add +0.8% | 0.60% | +0.07 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.4% | 1.97% | +0.05 |
| JMST JPM Ultra-Short Muni Income | Add +25.3% | 0.36% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 1.51% | +0.04 |
| CSCO Cisco Systems Inc. | Add +1.1% | 0.72% | +0.03 |
| TXN Texas Instruments Inc. | Add +0.2% | 0.44% | +0.03 |
| FSS Federal Signal Corp. | Add +0.2% | 0.07% | +0.02 |
| HON Honeywell International Inc. | Add +0.1% | 0.93% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.01% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +0.1% | 0.02% | +0.01 |
| WM Waste Management Inc. | New | 0.01% | +0.01 |
| TGT Target Corp. | Add +17.7% | 0.23% | +0.01 |
| DMXF iShares ESG Advanc MSCI Eafe | Add +0.2% | 0.19% | +0.00 |
| SHE SS SPDR MSCI U Gend Div ETF | Add +0.4% | 0.29% | +0.00 |
| SMR Nuscale Power Corp. | Add +26.2% | 0.01% | +0.00 |
| NBIS Nebius Group NV | New | 0.00% | +0.00 |
| CRBN Ish Low Car Opt Ms Ac ETF-US | Add +0.6% | 0.11% | +0.00 |
| HDV iShares Core High Dividend E | Add +18.4% | 0.05% | +0.00 |
| PZA Invesco National Amt-Free Mu | New | 0.00% | +0.00 |
| CEG Constellation Energy | Add +21.8% | 0.01% | +0.00 |
| CPNG Coupang Inc. | New | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.0% | 0.09% | +0.00 |
| IVES Dan Wedbush AI Rev ETF | New | 0.00% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +3.2% | 0.24% | +0.00 |
| COF Capital One Financial Corp. | Add +91.2% | 0.00% | +0.00 |
| BBJP JPMorgan Betabuilders Japan | New | 0.00% | +0.00 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +47.1% | 0.00% | +0.00 |
| AMD Advanced Micro Devices | New | 0.00% | +0.00 |
| BBCA JPMorgan Betabuilders Canada | New | 0.00% | +0.00 |
| BBAX JPMorgan Betabuilders Develo | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 646 | $1.7B | VOO, AAPL, GOOGL, AMZN, IWR |
| Q1 2026 | 733 | $1.5B | VOO, IWR, AAPL, GOOGL, AMZN |
| Q4 2025 | 648 | $1.6B | VOO, AAPL, IWR, MSFT, GOOGL |
| Q3 2025 | 650 | $1.7B | VOO, AAPL, IWR, MSFT, NVDA |
| Q2 2025 | 585 | $1.5B | VOO, IWR, MSFT, AAPL, AMZN |
| Q1 2025 | 606 | $1.4B | VOO, AAPL, IWR, MSFT, AMZN |
| Q4 2024 | 681 | $1.5B | VOO, AAPL, IWR, MSFT, AMZN |
| Q3 2024 | 509 | $1.4B | VOO, AAPL, IWR, MSFT, LVHD |
| Q2 2024 | 509 | $1.3B | VOO, IWR, AAPL, LVHD, MSFT |
| Q1 2024 | 501 | $1.3B | VOO, IWR, LVHD, AAPL, MSFT |