Avalon Trust Co
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Avalon Trust Co reported 317 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 8.0% of the portfolio, followed by Microsoft (MSFT, 7.6%) and Nvidia (NVDA, 6.4%). Compared with Q2 2024, it opened 15 new positions, sold out of 12, added to 22 and reduced 113. The biggest buy was Nvidia (NVDA, shares +81%) and the biggest sale Alphabet Class C (GOOG, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0001798150
- Portfolio Value
- $1.4B (Q3 2024)
- SEC Filing
- 0001708001-24-000007 ↗ filed Nov 13, 2024
Holdings Value
Holdings 317 stocks · $1.4B
| AAPL Apple Inc. | 7.97% | 462,808 | $107.8M | Reduce -1.1% |
| MSFT Microsoft Corp. | 7.60% | 238,877 | $102.8M | Reduce -0.9% |
| NVDA Nvidia Corp. | 6.44% | 717,680 | $87.2M | Add +80.9% |
| GOOG Alphabet Inc. Class C | 5.43% | 439,126 | $73.4M | Reduce -6.1% |
| AMZN Amazon.com Inc. | 5.16% | 374,363 | $69.8M | Add +0.4% |
| AVGO Broadcom Inc. | 4.43% | 347,246 | $59.9M | Reduce -19.4% |
| V Visa Inc. Class A | 3.57% | 175,565 | $48.3M | Add +3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.34% | 98,239 | $45.2M | Reduce -0.7% |
| PGR Progressive Corp. | 3.19% | 169,873 | $43.1M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 2.66% | 132,746 | $36.0M | Reduce -1.0% |
| FSLR First Solar Inc. | 2.54% | 137,905 | $34.4M | Reduce -0.5% |
| NVR NVR Inc. | 2.37% | 3,267 | $32.1M | Reduce -3.2% |
| PWR Quanta Services Inc. | 2.04% | 92,764 | $27.7M | Reduce -0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.99% | 39 | $27.0M | Add +2.6% |
| PPH Vaneck Pharmaceutical ETF | 1.99% | 282,795 | $26.9M | Reduce -0.8% |
| MDLZ Mondelez International Inc. Class A | 1.90% | 348,391 | $25.7M | Add +0.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.84% | 211,557 | $24.9M | Reduce -1.6% |
| ADBE Adobe Inc. | 1.83% | 47,845 | $24.8M | Reduce -1.8% |
| PNC PNC Financial Services Group | 1.82% | 133,122 | $24.6M | Reduce -2.0% |
| RMD Resmed Inc. | 1.71% | 94,565 | $23.1M | Reduce -0.5% |
| MRK Merck & Co. Inc. | 1.61% | 192,151 | $21.8M | Add +1.2% |
| TMO Thermo Fisher Scientific Inc. | 1.58% | 34,622 | $21.4M | Reduce -0.8% |
| LIN Linde PLC | 1.53% | 43,303 | $20.6M | Reduce -0.6% |
| CMS CMS Energy Corp. | 1.51% | 289,950 | $20.5M | Reduce -0.7% |
| DHR Danaher Corp. | 1.39% | 67,670 | $18.8M | Reduce -2.0% |
| IBB iShares Biotechnology ETF | 1.37% | 126,958 | $18.5M | Reduce -1.0% |
| AMT American Tower Corp. | 1.30% | 75,863 | $17.6M | Reduce -0.7% |
| AON Aon PLC Class A | 1.19% | 46,611 | $16.1M | Reduce -1.2% |
| AVB Avalonbay Communities Inc. | 1.18% | 70,845 | $16.0M | Reduce -0.9% |
| VLTO Veralto Corp. | 1.09% | 131,464 | $14.7M | Reduce -0.6% |
| ULTA Ulta Beauty Inc. | 1.05% | 36,330 | $14.1M | Add +2.0% |
| TYL Tyler Technologies Inc. | 0.91% | 21,110 | $12.3M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 0.91% | 74,158 | $12.3M | Reduce -23.1% |
| PANW Palo Alto Networks Inc. | 0.87% | 34,435 | $11.8M | Reduce -0.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.87% | 14,110 | $11.8M | Add +36079.5% |
| VMI Valmont Industries | 0.87% | 40,540 | $11.8M | Reduce -0.7% |
| GTLS Chart Industries Inc. | 0.75% | 82,000 | $10.2M | New |
| JNJ Johnson & Johnson | 0.64% | 53,314 | $8.6M | Reduce -1.5% |
| BIPC Brookfield Infrastructure-A | 0.59% | 183,866 | $8.0M | Add +0.8% |
| BIP Brookfield Infrastructure Pa | 0.57% | 218,891 | $7.7M | Reduce -0.7% |
| BE Bloom Energy Corp. Class A | 0.57% | 726,000 | $7.7M | Add +171.6% |
| HASI Ha Sustainable Infrastructur | 0.47% | 182,675 | $6.3M | Add +7.9% |
| ADI Analog Devices Inc. | 0.44% | 25,848 | $5.9M | Reduce -3.1% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.41% | 210,765 | $5.5M | Add +54.3% |
| NOC Northrop Grumman Corp. | 0.36% | 9,106 | $4.8M | Reduce -3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.33% | 7,680 | $4.4M | Reduce -2.9% |
| VXUS Vanguard Total Intl Stock | 0.30% | 62,100 | $4.0M | Reduce -1.4% |
| TT Trane Technologies PLC | 0.25% | 8,870 | $3.4M | No change |
| MA Mastercard Inc. Class A | 0.20% | 5,616 | $2.8M | Reduce -6.8% |
| XLV SS Health Care Select Sector | 0.19% | 16,693 | $2.6M | No change |
| GLD SPDR Gold Shares | 0.17% | 9,282 | $2.3M | No change |
| NEE Nextera Energy Inc. | 0.17% | 26,554 | $2.2M | Reduce -3.6% |
| DHI D.R. Horton Inc. | 0.16% | 11,000 | $2.1M | Reduce -15.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 7,324 | $2.1M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.14% | 2,166 | $1.9M | Reduce -2.3% |
| KKR KKR & Co. Inc. | 0.14% | 14,284 | $1.9M | Reduce -29.6% |
| VXF Vanguard Extended Market ETF | 0.13% | 9,868 | $1.8M | No change |
| LEN Lennar Corp. Class A | 0.12% | 9,000 | $1.7M | No change |
| AMAL Amalgamated Financial Corp. | 0.12% | 51,830 | $1.6M | No change |
| UNH Unitedhealth Group Inc. | 0.11% | 2,603 | $1.5M | Reduce -17.7% |
| TRV The Travelers Cos Inc. | 0.11% | 6,450 | $1.5M | Reduce -1.5% |
| BN Brookfield Corp. | 0.11% | 28,248 | $1.5M | Reduce -12.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.10% | 5,022 | $1.3M | Reduce -16.3% |
| CNI Canadian Natl Railway Co. | 0.10% | 11,000 | $1.3M | No change |
| LKQ LKQ Corp. | 0.09% | 30,500 | $1.2M | No change |
| PG The Procter & Gamble Co. | 0.09% | 7,005 | $1.2M | Reduce -5.8% |
| MS Morgan Stanley | 0.08% | 11,000 | $1.1M | Reduce -15.4% |
| ORCL Oracle Corp. | 0.08% | 6,136 | $1.0M | No change |
| IVV iShares Core S&P 500 ETF | 0.07% | 1,738 | $1.0M | Add +814.7% |
| KRNT Kornit Digital Ltd. | 0.07% | 37,635 | $972K | Reduce -0.3% |
| OC Owens Corning | 0.07% | 5,500 | $971K | No change |
| JPM JPMorgan Chase & Co. | 0.07% | 4,173 | $880K | Reduce -4.9% |
| GS Goldman Sachs Group Inc. | 0.06% | 1,700 | $842K | No change |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.06% | 2,450 | $789K | Reduce -7.3% |
| MKL Markel Group Inc. | 0.06% | 500 | $784K | No change |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.06% | 9,000 | $772K | No change |
| LLY Eli Lilly & Co. | 0.06% | 870 | $771K | Reduce -6.0% |
| MDY State Street SPDR S&P Midcap | 0.05% | 1,254 | $714K | No change |
| SCHW Schwab (charles) Corp. | 0.05% | 10,000 | $648K | Reduce -28.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.05% | 2,717 | $645K | Reduce -1.8% |
| ABT Abbott Laboratories | 0.05% | 5,523 | $630K | No change |
| GIS General Mills Inc. | 0.05% | 8,398 | $620K | Reduce -9.7% |
| HD Home Depot Inc. | 0.04% | 1,459 | $591K | No change |
| TFC Truist Financial Corp. | 0.04% | 13,000 | $556K | No change |
| ABBV Abbvie Inc. | 0.04% | 2,772 | $547K | Reduce -25.0% |
| SOXX iShares Semiconductor ETF | 0.04% | 2,350 | $542K | No change |
| VRSK Verisk Analytics Inc. | 0.04% | 1,991 | $534K | No change |
| VNQ Vanguard Real Estate ETF | 0.04% | 5,366 | $523K | Add +2.7% |
| PEP Pepsico Inc. | 0.04% | 3,044 | $518K | No change |
| CRM Salesforce Inc. | 0.04% | 1,856 | $508K | Reduce -18.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.04% | 5,550 | $507K | Reduce -5.8% |
| WAT Waters Corp. | 0.04% | 1,335 | $480K | No change |
| ADP Automatic Data Processing | 0.03% | 1,683 | $466K | Reduce -10.6% |
| MMM 3M Co. | 0.03% | 3,200 | $437K | No change |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 3,234 | $415K | Reduce -3.0% |
| IWM iShares Russell 2000 ETF | 0.03% | 1,700 | $376K | No change |
| IMCG iShares Morningstar Mid-Cap | 0.03% | 5,000 | $365K | No change |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.03% | 3,000 | $363K | No change |
| KO The Coca-Cola Co. | 0.03% | 4,759 | $342K | No change |
| VDC Vanguard Consumer Staple ETF | 0.03% | 1,545 | $338K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | 14,500 | $3K | No change |
Total filed on the 13F, all lines: $1.4B.
Portfolio Sells Q2 2024 → Q3 2024
| GOOG Alphabet Inc. Class C | Reduce -6.1% | 5.43% | −1.36 |
| AVGO Broadcom Inc. | Reduce -19.4% | 4.43% | −1.05 |
| MSFT Microsoft Corp. | Reduce -0.9% | 7.60% | −0.93 |
| TRMB Trimble Inc. | Reduce -98.8% | 0.01% | −0.89 |
| WM Waste Management Inc. | Reduce -98.3% | 0.01% | −0.86 |
| GOOGL Alphabet Inc. Class A | Reduce -23.1% | 0.91% | −0.48 |
| APTV Aptiv Irish Holdings Ltd. | Reduce -98.8% | 0.01% | −0.46 |
| ADBE Adobe Inc. | Reduce -1.8% | 1.83% | −0.31 |
| PPH Vaneck Pharmaceutical ETF | Reduce -0.8% | 1.99% | −0.08 |
| PANW Palo Alto Networks Inc. | Reduce -0.6% | 0.87% | −0.06 |
| ADI Analog Devices Inc. | Reduce -3.1% | 0.44% | −0.04 |
| TJX TJX Companies Inc. | Reduce -1.6% | 1.84% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -28.6% | 0.05% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -29.6% | 0.14% | −0.03 |
| IBB iShares Biotechnology ETF | Reduce -1.0% | 1.37% | −0.03 |
| GM General Motors Co. | Sold out | 0.00% | −0.03 |
| ENTG Entegris Inc. | Reduce -66.7% | 0.01% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -16.3% | 0.10% | −0.02 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.02 |
| VMI Valmont Industries | Reduce -0.7% | 0.87% | −0.02 |
| MS Morgan Stanley | Reduce -15.4% | 0.08% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -17.7% | 0.11% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.9% | 0.33% | −0.01 |
| WTV Wisdomtree U.S. Value Fund | Sold out | 0.00% | −0.01 |
| KEYS Keysight Technologies Inc. | Reduce -58.8% | 0.01% | −0.01 |
| ABBV Abbvie Inc. | Reduce -25.0% | 0.04% | −0.01 |
| KR Kroger Co. | Sold out | 0.00% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -6.0% | 0.06% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -56.8% | 0.01% | −0.01 |
| CRM Salesforce Inc. | Reduce -18.6% | 0.04% | −0.01 |
| ARRY Array Technologies Inc. | Reduce -2.5% | 0.01% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -43.6% | 0.01% | −0.01 |
| EW Edwards Lifesciences Corp. | Reduce -26.8% | 0.01% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -75.0% | 0.00% | −0.01 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -7.3% | 0.06% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -5.8% | 0.09% | −0.01 |
| CAT Caterpillar Inc. | Reduce -40.1% | 0.01% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.3% | 0.14% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -26.0% | 0.02% | −0.01 |
| PPLI People Inc. | Sold out | 0.00% | −0.01 |
| NKE Nike Inc. Class B | Reduce -69.4% | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -36.7% | 0.01% | −0.01 |
| ELF Elf Beauty Inc. | Reduce -17.6% | 0.00% | −0.01 |
| OLED Universal Display Corp. | Reduce -89.5% | 0.00% | −0.01 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -6.8% | 0.20% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -4.9% | 0.07% | −0.01 |
| UPS United Parcel Service Class B | Reduce -77.8% | 0.00% | −0.01 |
| NRIX Nurix Therapeutics Inc. | Reduce -41.2% | 0.01% | −0.00 |
| PCAR Paccar Inc. | Reduce -36.4% | 0.01% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Add +80.9% | 6.44% | +2.56 |
| ASML ASML Holding NV-NY Reg SHS | Add +36079.5% | 0.87% | +0.87 |
| GTLS Chart Industries Inc. | New | 0.75% | +0.75 |
| BE Bloom Energy Corp. Class A | Add +171.6% | 0.57% | +0.31 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +2.6% | 1.99% | +0.15 |
| MDLZ Mondelez International Inc. Class A | Add +0.7% | 1.90% | +0.10 |
| BIPC Brookfield Infrastructure-A | Add +0.8% | 0.59% | +0.10 |
| HASI Ha Sustainable Infrastructur | Add +7.9% | 0.47% | +0.07 |
| IVV iShares Core S&P 500 ETF | Add +814.7% | 0.07% | +0.07 |
| V Visa Inc. Class A | Add +3.1% | 3.57% | +0.03 |
| ITOT iShares Core S&P Total U.S. | New | 0.02% | +0.02 |
| VONG Vanguard Russell 1000 Growth | New | 0.02% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.01% | +0.01 |
| PIPR Piper Sandler Cos | New | 0.01% | +0.01 |
| IWD iShares Russell 1000 Value E | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.01% | +0.01 |
| IJR iShares Core S&P Small-Cap E | New | 0.01% | +0.01 |
| EFA iShares MSCI Eafe ETF | New | 0.01% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.01% | +0.01 |
| CSX CSX Corp. | New | 0.01% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +97.2% | 0.01% | +0.00 |
| VNQ Vanguard Real Estate ETF | Add +2.7% | 0.04% | +0.00 |
| DD Dupont DE Nemours Inc. | New | 0.00% | +0.00 |
| BLND Blend Labs Inc. Class A | New | 0.00% | +0.00 |
| CHD Church & Dwight Co. Inc. | Add +146.9% | 0.00% | +0.00 |
| USB US Bancorp | Add +68.0% | 0.00% | +0.00 |
| T AT&T Inc. | Add +13.1% | 0.00% | +0.00 |
| MCO Moody's Corp. | Add +66.7% | 0.00% | +0.00 |
| RSKD Riskified Ltd. Class A | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +100.0% | 0.00% | +0.00 |
| EA Electronic Arts Inc. | New | 0.00% | +0.00 |
| WBD Warner Bros Discovery Inc. | Add +23.4% | 0.00% | +0.00 |
| HELP Cybin Inc. | Add +0.5% | 0.00% | 0.00 |
| ULTA Ulta Beauty Inc. | Add +2.0% | 1.05% | −0.04 |
| ONT Onterris Inc. | Add +54.3% | 0.41% | −0.07 |
| MRK Merck & Co. Inc. | Add +1.2% | 1.61% | −0.25 |
| AMZN Amazon.com Inc. | Add +0.4% | 5.16% | −0.55 |
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 |