Avalon Trust Co
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Avalon Trust Co reported 325 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 8.4% of the portfolio, followed by Apple (AAPL, 6.6%) and Alphabet Class C (GOOG, 5.9%). Compared with Q4 2023, it opened 9 new positions, sold out of 25, added to 42 and reduced 63. The biggest buy was a new position in Resmed (RMD) and the biggest sale an exit from Walt Disney (DIS).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0001798150
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001798150-24-000002 ↗ filed May 7, 2024
Holdings Value
Holdings 325 stocks · $1.2B
| MSFT Microsoft Corp. | 8.38% | 242,760 | $102.1M | Add +2.4% |
| AAPL Apple Inc. | 6.55% | 465,766 | $79.9M | Add +7.5% |
| GOOG Alphabet Inc. Class C | 5.86% | 469,451 | $71.5M | Add +2.1% |
| AMZN Amazon.com Inc. | 5.50% | 371,493 | $67.0M | Add +0.8% |
| AVGO Broadcom Inc. | 4.71% | 43,286 | $57.4M | Reduce -1.1% |
| V Visa Inc. Class A | 3.92% | 171,126 | $47.8M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.41% | 98,946 | $41.6M | Add +3.0% |
| PGR Progressive Corp. | 2.95% | 174,088 | $36.0M | Reduce -1.2% |
| SOXX iShares Semiconductor ETF | 2.81% | 151,795 | $34.3M | Add +0.5% |
| LOW Lowe's Cos Inc. | 2.74% | 130,956 | $33.4M | Reduce -0.8% |
| NVR NVR Inc. | 2.25% | 3,390 | $27.5M | Reduce -1.4% |
| PPH Vaneck Pharmaceutical ETF | 2.12% | 284,875 | $25.8M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 2.06% | 190,341 | $25.1M | Add +0.3% |
| PWR Quanta Services Inc. | 1.99% | 93,569 | $24.3M | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.98% | 38 | $24.1M | No change |
| CVS CVS Health Corp. | 1.96% | 299,175 | $23.9M | Reduce -0.5% |
| MDLZ Mondelez International Inc. Class A | 1.96% | 340,746 | $23.9M | Add +0.4% |
| PNC PNC Financial Services Group | 1.81% | 136,420 | $22.0M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.79% | 215,687 | $21.9M | Reduce -0.3% |
| LKQ LKQ Corp. | 1.79% | 408,566 | $21.8M | Add +0.8% |
| TMO Thermo Fisher Scientific Inc. | 1.72% | 36,147 | $21.0M | Reduce -0.4% |
| LIN Linde PLC | 1.67% | 43,925 | $20.4M | Add +6.6% |
| RMD Resmed Inc. | 1.54% | 94,690 | $18.8M | New |
| ADBE Adobe Inc. | 1.47% | 35,425 | $17.9M | Add +22.5% |
| ULTA Ulta Beauty Inc. | 1.46% | 34,115 | $17.8M | Add +0.1% |
| DHR Danaher Corp. | 1.42% | 69,280 | $17.3M | Add +8.5% |
| IBB iShares Biotechnology ETF | 1.41% | 125,048 | $17.2M | Reduce -0.1% |
| AON Aon PLC Class A | 1.27% | 46,351 | $15.5M | Reduce -0.6% |
| WM Waste Management Inc. | 1.21% | 69,321 | $14.8M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.21% | 97,872 | $14.8M | Add +4.3% |
| AMT American Tower Corp. | 1.20% | 73,752 | $14.6M | Add +0.6% |
| FSLR First Solar Inc. | 1.17% | 84,796 | $14.3M | Add +4.3% |
| TRMB Trimble Inc. | 1.11% | 209,724 | $13.5M | Reduce -0.2% |
| AVB Avalonbay Communities Inc. | 1.09% | 71,705 | $13.3M | Add +1.4% |
| VLTO Veralto Corp. | 0.96% | 132,394 | $11.7M | Add +0.3% |
| PANW Palo Alto Networks Inc. | 0.81% | 34,675 | $9.9M | Add +3.5% |
| VMI Valmont Industries | 0.76% | 40,425 | $9.2M | Add +0.2% |
| TYL Tyler Technologies Inc. | 0.74% | 21,290 | $9.0M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.72% | 55,763 | $8.8M | Reduce -2.2% |
| BIP Brookfield Infrastructure Pa | 0.57% | 220,805 | $6.9M | Reduce -0.2% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.53% | 80,960 | $6.4M | Add +3.1% |
| BIPC Brookfield Infrastructure-A | 0.51% | 171,973 | $6.2M | Add +3.6% |
| ADI Analog Devices Inc. | 0.48% | 29,520 | $5.8M | Reduce -0.4% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.44% | 136,650 | $5.4M | Add +1.4% |
| NOC Northrop Grumman Corp. | 0.43% | 10,978 | $5.3M | Reduce -9.0% |
| HASI Ha Sustainable Infrastructur filed as HANNON ARMSTRONG SUST INFR C | 0.39% | 165,275 | $4.7M | Add +3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.34% | 8,035 | $4.2M | No change |
| VXUS Vanguard Total Intl Stock | 0.31% | 63,000 | $3.8M | No change |
| BE Bloom Energy Corp. Class A | 0.25% | 269,834 | $3.0M | Add +2.2% |
| MA Mastercard Inc. Class A | 0.24% | 6,162 | $3.0M | No change |
| XLV SS Health Care Select Sector | 0.22% | 18,162 | $2.7M | No change |
| TT Trane Technologies PLC | 0.22% | 8,870 | $2.7M | No change |
| DHI D.R. Horton Inc. | 0.20% | 14,500 | $2.4M | No change |
| UNH Unitedhealth Group Inc. | 0.17% | 4,157 | $2.1M | Add +127.9% |
| KKR KKR & Co. Inc. | 0.17% | 20,284 | $2.0M | Add +7042.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 7,690 | $2.0M | Reduce -0.5% |
| GLD SPDR Gold Shares | 0.16% | 9,282 | $1.9M | Reduce -7.9% |
| LEN Lennar Corp. Class A | 0.15% | 10,500 | $1.8M | No change |
| NEE Nextera Energy Inc. | 0.14% | 27,554 | $1.8M | No change |
| VXF Vanguard Extended Market ETF | 0.14% | 9,868 | $1.7M | No change |
| BN Brookfield Corp. | 0.14% | 40,248 | $1.7M | Add +388.0% |
| COST Costco Wholesale Corp. | 0.13% | 2,233 | $1.6M | Reduce -2.7% |
| TRV The Travelers Cos Inc. | 0.13% | 7,075 | $1.6M | No change |
| CNI Canadian Natl Railway Co. | 0.12% | 11,533 | $1.5M | Reduce -2.1% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.12% | 6,000 | $1.4M | No change |
| AMAL Amalgamated Financial Corp. | 0.10% | 51,930 | $1.2M | Reduce -2.9% |
| MS Morgan Stanley | 0.10% | 13,000 | $1.2M | No change |
| PG The Procter & Gamble Co. | 0.10% | 7,434 | $1.2M | No change |
| OC Owens Corning | 0.09% | 6,500 | $1.1M | No change |
| SCHW Schwab (charles) Corp. | 0.08% | 14,000 | $1.0M | No change |
| JPM JPMorgan Chase & Co. | 0.08% | 5,047 | $1.0M | Add +14.4% |
| ENTG Entegris Inc. | 0.06% | 5,500 | $773K | New |
| ORCL Oracle Corp. | 0.06% | 6,136 | $771K | Add +7.0% |
| NVDA Nvidia Corp. | 0.06% | 848 | $766K | No change |
| MKL Markel Group Inc. | 0.06% | 500 | $761K | New |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.06% | 2,642 | $757K | No change |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.06% | 9,000 | $749K | No change |
| LLY Eli Lilly & Co. | 0.06% | 940 | $731K | Reduce -5.5% |
| ABBV Abbvie Inc. | 0.06% | 3,950 | $719K | Reduce -2.5% |
| GS Goldman Sachs Group Inc. | 0.06% | 1,700 | $710K | Reduce -8.1% |
| KEYS Keysight Technologies Inc. | 0.06% | 4,500 | $704K | New |
| MDY State Street SPDR S&P Midcap | 0.06% | 1,254 | $698K | No change |
| KRNT Kornit Digital Ltd. | 0.06% | 38,060 | $690K | No change |
| CRM Salesforce Inc. | 0.06% | 2,281 | $687K | No change |
| ABT Abbott Laboratories | 0.06% | 6,023 | $685K | No change |
| GIS General Mills Inc. | 0.05% | 9,298 | $651K | Reduce -0.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.05% | 2,767 | $633K | No change |
| HD Home Depot Inc. | 0.05% | 1,617 | $620K | Add +8.2% |
| PEP Pepsico Inc. | 0.04% | 3,044 | $533K | No change |
| TFC Truist Financial Corp. | 0.04% | 13,000 | $507K | No change |
| USMV iShares MSCI USA Min Vol Fac | 0.04% | 5,892 | $492K | No change |
| NKE Nike Inc. Class B | 0.04% | 5,192 | $488K | Add +206.9% |
| ADP Automatic Data Processing | 0.04% | 1,883 | $470K | No change |
| VRSK Verisk Analytics Inc. | 0.04% | 1,991 | $469K | No change |
| WAT Waters Corp. | 0.04% | 1,335 | $460K | No change |
| VNQ Vanguard Real Estate ETF | 0.04% | 5,224 | $452K | No change |
| VOO Vanguard S&P 500 ETF | 0.04% | 895 | $430K | No change |
| IWM iShares Russell 2000 ETF | 0.03% | 1,981 | $417K | No change |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 3,334 | $398K | No change |
| IMCG iShares Morningstar Mid-Cap | 0.03% | 5,605 | $396K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 14,500 | $4K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q4 2023 → Q1 2024
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.92 |
| CVS CVS Health Corp. | Reduce -0.5% | 1.96% | −0.21 |
| IBB iShares Biotechnology ETF | Reduce -0.1% | 1.41% | −0.15 |
| PNC PNC Financial Services Group | Reduce -0.3% | 1.81% | −0.13 |
| JNJ Johnson & Johnson | Reduce -2.2% | 0.72% | −0.09 |
| NOC Northrop Grumman Corp. | Reduce -9.0% | 0.43% | −0.09 |
| TYL Tyler Technologies Inc. | Reduce -0.1% | 0.74% | −0.07 |
| BIP Brookfield Infrastructure Pa | Reduce -0.2% | 0.57% | −0.07 |
| TJX TJX Companies Inc. | Reduce -0.3% | 1.79% | −0.06 |
| ADI Analog Devices Inc. | Reduce -0.4% | 0.48% | −0.06 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.4% | 1.72% | −0.04 |
| AMAL Amalgamated Financial Corp. | Reduce -2.9% | 0.10% | −0.03 |
| GLD SPDR Gold Shares | Reduce -7.9% | 0.16% | −0.02 |
| ICSH iShares Ultra Short Duration | Reduce -78.7% | 0.00% | −0.02 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.01 |
| CNI Canadian Natl Railway Co. | Reduce -2.1% | 0.12% | −0.01 |
| TSLA Tesla Inc. | Reduce -11.8% | 0.01% | −0.01 |
| ZTS Zoetis Inc. | Reduce -8.9% | 0.02% | −0.01 |
| CCI Crown Castle Inc. | Reduce -63.2% | 0.00% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -8.1% | 0.06% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -22.5% | 0.02% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.7% | 0.13% | −0.00 |
| ERTH Invesco MSCI Sustainable Fut | Sold out | 0.00% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.5% | 0.16% | −0.00 |
| COR Cencora Inc. | Reduce -19.4% | 0.02% | −0.00 |
| EQNR Equinor ASA-Spon ADR | Reduce -93.2% | 0.00% | −0.00 |
| UNP Union Pacific Corp. | Reduce -2.3% | 0.02% | −0.00 |
| OLED Universal Display Corp. | Reduce -8.0% | 0.01% | −0.00 |
| PPH Vaneck Pharmaceutical ETF | Reduce -0.2% | 2.12% | −0.00 |
| KMX Carmax Inc. | Reduce -53.9% | 0.00% | −0.00 |
| GIS General Mills Inc. | Reduce -0.0% | 0.05% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -12.8% | 0.02% | −0.00 |
| XLP SS Consumer Staples Sel Sect | Reduce -53.9% | 0.00% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -12.5% | 0.01% | −0.00 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.00 |
| VGK Vanguard Ftse Europe ETF | Sold out | 0.00% | −0.00 |
| RPM RPM International Inc. | Reduce -28.3% | 0.00% | −0.00 |
| DLO Dlocal Ltd. | Reduce -89.3% | 0.00% | −0.00 |
| OMAB Grupo Aeroportuario Cen-ADR | Reduce -87.3% | 0.00% | −0.00 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -63.7% | 0.00% | −0.00 |
| DUK Duke Energy Corp. | Reduce -12.5% | 0.01% | −0.00 |
| SLB SLB Ltd. | Reduce -86.7% | 0.00% | −0.00 |
| PKG Packaging Corp. of America | Reduce -25.0% | 0.00% | −0.00 |
| CSX CSX Corp. | Sold out | 0.00% | −0.00 |
| KYMR Kymera Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| SO The Southern Co. | Reduce -9.1% | 0.01% | −0.00 |
| DBX Dropbox Inc. Class A | Reduce -7.3% | 0.00% | −0.00 |
| IHI iShares U.S. Medical Devices | Reduce -16.7% | 0.00% | −0.00 |
| CHGG Chegg Inc. | Sold out | 0.00% | −0.00 |
| CVX Chevron Corp. | Reduce -0.4% | 0.02% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| RMD Resmed Inc. | New | 1.54% | +1.54 |
| AMZN Amazon.com Inc. | Add +0.8% | 5.50% | +0.38 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.0% | 3.41% | +0.28 |
| MSFT Microsoft Corp. | Add +2.4% | 8.38% | +0.23 |
| MRK Merck & Co. Inc. | Add +0.3% | 2.06% | +0.17 |
| KKR KKR & Co. Inc. | Add +7042.3% | 0.17% | +0.17 |
| SOXX iShares Semiconductor ETF | Add +0.5% | 2.81% | +0.16 |
| LIN Linde PLC | Add +6.6% | 1.67% | +0.13 |
| BN Brookfield Corp. | Add +388.0% | 0.14% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +127.9% | 0.17% | +0.08 |
| DHR Danaher Corp. | Add +8.5% | 1.42% | +0.07 |
| ENTG Entegris Inc. | New | 0.06% | +0.06 |
| MKL Markel Group Inc. | New | 0.06% | +0.06 |
| KEYS Keysight Technologies Inc. | New | 0.06% | +0.06 |
| ONT Onterris Inc. | Add +1.4% | 0.44% | +0.04 |
| NKE Nike Inc. Class B | Add +206.9% | 0.04% | +0.02 |
| LKQ LKQ Corp. | Add +0.8% | 1.79% | +0.02 |
| ORLY O'reilly Automotive Inc. | New | 0.02% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +14.4% | 0.08% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +4.3% | 1.21% | +0.01 |
| EPD Enterprise Products Partners | New | 0.01% | +0.01 |
| PCAR Paccar Inc. | Add +266.7% | 0.01% | +0.01 |
| CAT Caterpillar Inc. | Add +62.5% | 0.02% | +0.01 |
| CTAS Cintas Corp. | New | 0.01% | +0.01 |
| XOM Exxon Mobil Corp. | Add +98.3% | 0.02% | +0.01 |
| KO The Coca-Cola Co. | Add +62.6% | 0.02% | +0.01 |
| ORCL Oracle Corp. | Add +7.0% | 0.06% | +0.01 |
| FMCX FM Focus Equity ETF | New | 0.01% | +0.01 |
| OSCR Oscar Health Inc. Class A | New | 0.01% | +0.01 |
| ROP Roper Technologies Inc. | Add +97.7% | 0.01% | +0.01 |
| KMB Kimberly-Clark Corp. | Add +60.9% | 0.01% | +0.01 |
| HON Honeywell International Inc. | Add +443.3% | 0.01% | +0.00 |
| HD Home Depot Inc. | Add +8.2% | 0.05% | +0.00 |
| EMR Emerson Electric Co. | Add +23.1% | 0.01% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +16.1% | 0.01% | −0.00 |
| HASI Ha Sustainable Infrastructur | Add +3.5% | 0.39% | −0.02 |
| BIPC Brookfield Infrastructure-A | Add +3.6% | 0.51% | −0.03 |
| VLTO Veralto Corp. | Add +0.3% | 0.96% | −0.03 |
| GOOG Alphabet Inc. Class C | Add +2.1% | 5.86% | −0.06 |
| ULTA Ulta Beauty Inc. | Add +0.1% | 1.46% | −0.06 |
| PANW Palo Alto Networks Inc. | Add +3.5% | 0.81% | −0.09 |
| VMI Valmont Industries | Add +0.2% | 0.76% | −0.10 |
| FSLR First Solar Inc. | Add +4.3% | 1.17% | −0.11 |
| BE Bloom Energy Corp. Class A | Add +2.2% | 0.25% | −0.11 |
| ADBE Adobe Inc. | Add +22.5% | 1.47% | −0.11 |
| APTV Aptiv Irish Holdings Ltd. | Add +3.1% | 0.53% | −0.11 |
| AVB Avalonbay Communities Inc. | Add +1.4% | 1.09% | −0.12 |
| V Visa Inc. Class A | Add +0.3% | 3.92% | −0.14 |
| AMT American Tower Corp. | Add +0.6% | 1.20% | −0.25 |
| MDLZ Mondelez International Inc. Class A | Add +0.4% | 1.96% | −0.29 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 458 | $1.6B | NVDA, AAPL, GOOG, AVGO, AMZN |
| Q1 2026 | 456 | $1.5B | NVDA, AAPL, GOOG, AVGO, MSFT |
| Q4 2025 | 426 | $1.5B | NVDA, GOOG, AVGO, AAPL, MSFT |
| Q3 2025 | 609 | $1.5B | NVDA, MSFT, AVGO, AAPL, GOOG |
| Q2 2025 | 399 | $1.4B | MSFT, NVDA, AVGO, AAPL, AMZN |
| Q1 2025 | 428 | $1.3B | AAPL, MSFT, NVDA, AMZN, GOOG |
| Q4 2024 | 424 | $1.4B | AAPL, MSFT, NVDA, GOOG, AMZN |
| Q3 2024 | 317 | $1.4B | AAPL, MSFT, NVDA, GOOG, AMZN |
| Q2 2024 | 314 | $1.3B | MSFT, AAPL, GOOG, AMZN, AVGO |
| Q1 2024 | 325 | $1.2B | MSFT, AAPL, GOOG, AMZN, AVGO |