Avalon Trust Co
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Avalon Trust Co reported 424 stock positions worth $1.4 billion. Its top holding was Apple (AAPL) at 8.2% of the portfolio, followed by Microsoft (MSFT, 7.2%) and Nvidia (NVDA, 6.9%). Compared with Q3 2024, it opened 119 new positions, sold out of 12, added to 64 and reduced 76. The biggest buy was a new position in American Water Works (AWK) and the biggest sale Progressive (PGR, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0001798150
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0000842775-25-000003 ↗ filed Feb 10, 2025
Holdings Value
Holdings 424 stocks · $1.4B
| AAPL Apple Inc. | 8.19% | 459,823 | $115.1M | Reduce -0.6% |
| MSFT Microsoft Corp. | 7.24% | 241,415 | $101.8M | Add +1.1% |
| NVDA Nvidia Corp. | 6.90% | 722,736 | $97.1M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 5.93% | 438,067 | $83.4M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 5.84% | 374,154 | $82.1M | Reduce -0.1% |
| AVGO Broadcom Inc. | 5.71% | 346,406 | $80.3M | Reduce -0.2% |
| V Visa Inc. Class A | 3.94% | 175,325 | $55.4M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.20% | 99,332 | $45.0M | Add +1.1% |
| LOW Lowe's Cos Inc. | 2.30% | 131,282 | $32.4M | Reduce -1.1% |
| PWR Quanta Services Inc. | 2.02% | 89,938 | $28.4M | Reduce -3.0% |
| PGR Progressive Corp. | 1.97% | 115,890 | $27.8M | Reduce -31.8% |
| NVR NVR Inc. | 1.88% | 3,238 | $26.5M | Reduce -0.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.84% | 38 | $25.9M | Reduce -2.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.80% | 209,467 | $25.3M | Reduce -1.0% |
| PNC PNC Financial Services Group | 1.80% | 131,172 | $25.3M | Reduce -1.5% |
| FSLR First Solar Inc. | 1.75% | 140,035 | $24.7M | Add +1.5% |
| PPH Vaneck Pharmaceutical ETF | 1.74% | 282,790 | $24.4M | Reduce 0.0% |
| RMD Resmed Inc. | 1.53% | 94,100 | $21.5M | Reduce -0.5% |
| ADBE Adobe Inc. | 1.52% | 48,208 | $21.4M | Add +0.8% |
| MDLZ Mondelez International Inc. Class A | 1.50% | 354,126 | $21.2M | Add +1.6% |
| CMS CMS Energy Corp. | 1.37% | 289,540 | $19.3M | Reduce -0.1% |
| TMO Thermo Fisher Scientific Inc. | 1.36% | 36,784 | $19.1M | Add +6.2% |
| MRK Merck & Co. Inc. | 1.35% | 191,088 | $19.0M | Reduce -0.6% |
| AWK American Water Works Co. Inc. | 1.33% | 149,925 | $18.7M | New |
| OWL Blue Owl Capital Inc. | 1.29% | 779,350 | $18.1M | New |
| LIN Linde PLC | 1.28% | 43,093 | $18.0M | Reduce -0.5% |
| IBB iShares Biotechnology ETF | 1.20% | 127,893 | $16.9M | Add +0.7% |
| AON Aon PLC Class A | 1.18% | 46,073 | $16.5M | Reduce -1.1% |
| BE Bloom Energy Corp. Class A | 1.14% | 724,320 | $16.1M | Reduce -0.2% |
| GTLS Chart Industries Inc. | 1.10% | 81,345 | $15.5M | Reduce -0.8% |
| DHR Danaher Corp. | 1.10% | 67,626 | $15.5M | Reduce -0.1% |
| AVB Avalonbay Communities Inc. | 1.10% | 70,330 | $15.5M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 1.00% | 74,262 | $14.1M | Add +0.1% |
| AMT American Tower Corp. | 0.99% | 76,261 | $14.0M | Add +0.5% |
| VLTO Veralto Corp. | 0.95% | 131,332 | $13.4M | Reduce -0.1% |
| PANW Palo Alto Networks Inc. | 0.90% | 69,755 | $12.7M | Add +1.3% |
| VMI Valmont Industries | 0.89% | 40,755 | $12.5M | Add +0.5% |
| TYL Tyler Technologies Inc. | 0.86% | 21,045 | $12.1M | Reduce -0.3% |
| ANET Arista Networks Inc. | 0.80% | 102,280 | $11.3M | New |
| ASML ASML Holding NV-NY Reg SHS | 0.71% | 14,324 | $9.9M | Add +1.5% |
| NVT Nvent Electric PLC | 0.65% | 133,865 | $9.1M | New |
| BIPC Brookfield Infrastructure-A | 0.55% | 192,372 | $7.7M | Add +4.6% |
| JNJ Johnson & Johnson | 0.52% | 50,647 | $7.3M | Reduce -5.0% |
| BIP Brookfield Infrastructure Pa | 0.48% | 211,127 | $6.7M | Reduce -3.5% |
| ADI Analog Devices Inc. | 0.39% | 25,848 | $5.5M | No change |
| HASI Ha Sustainable Infrastructur | 0.35% | 181,825 | $4.9M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 7,550 | $4.4M | Reduce -1.7% |
| NOC Northrop Grumman Corp. | 0.29% | 8,806 | $4.1M | Reduce -3.3% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.28% | 209,865 | $3.9M | Reduce -0.4% |
| ULTA Ulta Beauty Inc. | 0.25% | 8,120 | $3.5M | Reduce -77.7% |
| TT Trane Technologies PLC | 0.23% | 8,820 | $3.3M | Reduce -0.6% |
| MA Mastercard Inc. Class A | 0.20% | 5,459 | $2.9M | Reduce -2.8% |
| XLV SS Health Care Select Sector | 0.16% | 16,661 | $2.3M | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.16% | 9,282 | $2.2M | No change |
| KKR KKR & Co. Inc. | 0.15% | 14,310 | $2.1M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.14% | 2,166 | $2.0M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 6,700 | $1.9M | Reduce -8.5% |
| NEE Nextera Energy Inc. | 0.14% | 26,554 | $1.9M | No change |
| VXUS Vanguard Total Intl Stock | 0.13% | 30,000 | $1.8M | Reduce -51.7% |
| AMAL Amalgamated Financial Corp. | 0.12% | 50,760 | $1.7M | Reduce -2.1% |
| TRV The Travelers Cos Inc. | 0.11% | 6,487 | $1.6M | Add +0.6% |
| DHI D.R. Horton Inc. | 0.11% | 11,000 | $1.5M | No change |
| VXF Vanguard Extended Market ETF | 0.11% | 8,000 | $1.5M | Reduce -18.9% |
| BN Brookfield Corp. | 0.10% | 25,249 | $1.5M | Reduce -10.6% |
| UNH Unitedhealth Group Inc. | 0.10% | 2,755 | $1.4M | Add +5.8% |
| MS Morgan Stanley | 0.10% | 11,000 | $1.4M | No change |
| LEN Lennar Corp. Class A | 0.09% | 9,315 | $1.3M | Add +3.5% |
| PG The Procter & Gamble Co. | 0.08% | 7,005 | $1.2M | No change |
| ORCL Oracle Corp. | 0.08% | 6,732 | $1.1M | Add +9.7% |
| LKQ LKQ Corp. | 0.08% | 30,500 | $1.1M | No change |
| CNI Canadian Natl Railway Co. | 0.08% | 11,029 | $1.1M | Add +0.3% |
| KRNT Kornit Digital Ltd. | 0.08% | 36,085 | $1.1M | Reduce -4.1% |
| JPM JPMorgan Chase & Co. | 0.08% | 4,486 | $1.1M | Add +7.5% |
| IVV iShares Core S&P 500 ETF | 0.07% | 1,738 | $1.0M | No change |
| GS Goldman Sachs Group Inc. | 0.07% | 1,700 | $973K | No change |
| OC Owens Corning | 0.07% | 5,500 | $937K | No change |
| MKL Markel Group Inc. | 0.06% | 500 | $863K | No change |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.06% | 2,450 | $841K | No change |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.05% | 9,000 | $768K | No change |
| SCHW Schwab (charles) Corp. | 0.05% | 10,120 | $749K | Add +1.2% |
| MDY State Street SPDR S&P Midcap | 0.05% | 1,254 | $714K | No change |
| LLY Eli Lilly & Co. | 0.05% | 881 | $680K | Add +1.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.05% | 2,637 | $634K | Reduce -2.9% |
| ABT Abbott Laboratories | 0.04% | 5,573 | $630K | Add +0.9% |
| CRM Salesforce Inc. | 0.04% | 1,884 | $630K | Add +1.5% |
| MRSH Marsh & McLennan Cos | 0.04% | 2,714 | $576K | Add +3379.5% |
| HD Home Depot Inc. | 0.04% | 1,464 | $569K | Add +0.3% |
| TFC Truist Financial Corp. | 0.04% | 13,000 | $564K | No change |
| VRSK Verisk Analytics Inc. | 0.04% | 1,991 | $548K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.04% | 2,000 | $539K | Reduce -60.2% |
| GIS General Mills Inc. | 0.04% | 8,398 | $536K | No change |
| SOXX iShares Semiconductor ETF | 0.04% | 2,350 | $506K | No change |
| WAT Waters Corp. | 0.04% | 1,335 | $495K | No change |
| ADP Automatic Data Processing | 0.04% | 1,683 | $493K | No change |
| ABBV Abbvie Inc. | 0.04% | 2,772 | $493K | No change |
| VNQ Vanguard Real Estate ETF | 0.03% | 5,285 | $471K | Reduce -1.5% |
| PEP Pepsico Inc. | 0.03% | 3,077 | $468K | Add +1.1% |
| ZTS Zoetis Inc. | 0.03% | 2,627 | $428K | Add +217.7% |
| MMM 3M Co. | 0.03% | 3,200 | $413K | No change |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 3,234 | $404K | 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 Q3 2024 → Q4 2024
| PGR Progressive Corp. | Reduce -31.8% | 1.97% | −1.21 |
| ULTA Ulta Beauty Inc. | Reduce -77.7% | 0.25% | −0.79 |
| NVR NVR Inc. | Reduce -0.9% | 1.88% | −0.49 |
| LOW Lowe's Cos Inc. | Reduce -1.1% | 2.30% | −0.35 |
| DHR Danaher Corp. | Reduce -0.1% | 1.10% | −0.29 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 1.35% | −0.26 |
| PPH Vaneck Pharmaceutical ETF | Reduce 0.0% | 1.74% | −0.25 |
| LIN Linde PLC | Reduce -0.5% | 1.28% | −0.24 |
| RMD Resmed Inc. | Reduce -0.5% | 1.53% | −0.18 |
| VXUS Vanguard Total Intl Stock | Reduce -51.7% | 0.13% | −0.17 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -2.6% | 1.84% | −0.15 |
| CMS CMS Energy Corp. | Reduce -0.1% | 1.37% | −0.14 |
| VLTO Veralto Corp. | Reduce -0.1% | 0.95% | −0.14 |
| ONT Onterris Inc. | Reduce -0.4% | 0.28% | −0.13 |
| HASI Ha Sustainable Infrastructur | Reduce -0.5% | 0.35% | −0.12 |
| JNJ Johnson & Johnson | Reduce -5.0% | 0.52% | −0.12 |
| BIP Brookfield Infrastructure Pa | Reduce -3.5% | 0.48% | −0.09 |
| AVB Avalonbay Communities Inc. | Reduce -0.7% | 1.10% | −0.08 |
| NOC Northrop Grumman Corp. | Reduce -3.3% | 0.29% | −0.06 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -60.2% | 0.04% | −0.06 |
| TYL Tyler Technologies Inc. | Reduce -0.3% | 0.86% | −0.05 |
| TJX TJX Companies Inc. | Reduce -1.0% | 1.80% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -0.2% | 0.16% | −0.03 |
| VXF Vanguard Extended Market ETF | Reduce -18.9% | 0.11% | −0.02 |
| PWR Quanta Services Inc. | Reduce -3.0% | 2.02% | −0.02 |
| TT Trane Technologies PLC | Reduce -0.6% | 0.23% | −0.02 |
| PNC PNC Financial Services Group | Reduce -1.5% | 1.80% | −0.02 |
| AON Aon PLC Class A | Reduce -1.1% | 1.18% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -8.5% | 0.14% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -38.5% | 0.01% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -27.0% | 0.03% | −0.01 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.31% | −0.01 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.01 |
| BN Brookfield Corp. | Reduce -10.6% | 0.10% | −0.01 |
| ILCB iShares Morningstar U.S. Equ | Reduce -76.4% | 0.00% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -77.4% | 0.00% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.01 |
| ROP Roper Technologies Inc. | Reduce -51.4% | 0.00% | −0.01 |
| SBUX Starbucks Corp. | Reduce -21.0% | 0.01% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -91.8% | 0.00% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -1.5% | 0.03% | −0.01 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.00 |
| SPGI S&P Global Inc. | Reduce -19.7% | 0.01% | −0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -21.4% | 0.01% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -36.6% | 0.01% | −0.00 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.00 |
| NRIX Nurix Therapeutics Inc. | Reduce -36.1% | 0.00% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -40.0% | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| AWK American Water Works Co. Inc. | New | 1.33% | +1.33 |
| OWL Blue Owl Capital Inc. | New | 1.29% | +1.29 |
| ANET Arista Networks Inc. | New | 0.80% | +0.80 |
| NVT Nvent Electric PLC | New | 0.65% | +0.65 |
| NVDA Nvidia Corp. | Add +0.7% | 6.90% | +0.46 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 1.00% | +0.09 |
| MRSH Marsh & McLennan Cos | Add +3379.5% | 0.04% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +1.3% | 0.90% | +0.03 |
| VMI Valmont Industries | Add +0.5% | 0.89% | +0.02 |
| ZTS Zoetis Inc. | Add +217.7% | 0.03% | +0.02 |
| KKR KKR & Co. Inc. | Add +0.2% | 0.15% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +7.5% | 0.08% | +0.01 |
| AMD Advanced Micro Devices | Add +2114.0% | 0.01% | +0.01 |
| P Everpure Inc. Class A | New | 0.01% | +0.01 |
| CRM Salesforce Inc. | Add +1.5% | 0.04% | +0.01 |
| RGA Reinsurance Group of America | New | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | New | 0.01% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +29.9% | 0.03% | +0.01 |
| EAGG iShares ESG Aware US Aggrega | New | 0.01% | +0.01 |
| RSG Republic Services Inc. | New | 0.01% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +1.2% | 0.05% | +0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | New | 0.01% | +0.01 |
| NOW ServiceNow Inc. | Add +75.0% | 0.01% | +0.01 |
| NFLX Netflix Inc. | Add +200.0% | 0.01% | +0.00 |
| GE General Electric | Add +604.6% | 0.01% | +0.00 |
| HES Hess Corp. | New | 0.00% | +0.00 |
| MU Micron Technology Inc. | New | 0.00% | +0.00 |
| TOL Toll Brothers Inc. | New | 0.00% | +0.00 |
| MRVL Marvell Technology Inc. | New | 0.00% | +0.00 |
| ARES Ares Management Corp. Class A | New | 0.00% | +0.00 |
| UL Unilever PLC | Add +166.7% | 0.01% | +0.00 |
| CVX Chevron Corp. | Add +95.3% | 0.01% | +0.00 |
| ORLY O'reilly Automotive Inc. | Add +41.0% | 0.01% | +0.00 |
| CBOE Cboe Global Markets Inc. | New | 0.00% | +0.00 |
| STLD Steel Dynamics Inc. | New | 0.00% | +0.00 |
| GL Globe Life Inc. | New | 0.00% | +0.00 |
| CDNS Cadence Design SYS Inc. | New | 0.00% | +0.00 |
| FICO Fair Isaac Corp. | New | 0.00% | +0.00 |
| AZEK The Azek Co. Inc. | New | 0.00% | +0.00 |
| NUMG Nuveen ESG Mid-Cap Grow ETF | New | 0.00% | +0.00 |
| ORCL Oracle Corp. | Add +9.7% | 0.08% | +0.00 |
| REGN Regeneron Pharmaceuticals | New | 0.00% | +0.00 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.00% | +0.00 |
| GEV GE Vernova Inc. | Add +312.9% | 0.00% | +0.00 |
| J Jacobs Solutions Inc. | New | 0.00% | +0.00 |
| NUSC Nuveen ESG Small-Cap ETF | New | 0.00% | +0.00 |
| NUEM Nuveen ESG Emerging Markets | New | 0.00% | +0.00 |
| NULV Nuveen ESG Large-Cap Val ETF | New | 0.00% | +0.00 |
| VSGX Vanguard ESG Intl Stock ETF | New | 0.00% | +0.00 |
| STE Steris PLC | New | 0.00% | +0.00 |
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 |