Avalon Trust Co
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Avalon Trust Co reported 428 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 7.9% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Nvidia (NVDA, 6.3%). Compared with Q4 2024, it opened 88 new positions, sold out of 84, added to 85 and reduced 106. The biggest buy was Cooper Cos (COO, shares +203860%) and the biggest sale NVR (NVR, shares −92%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0001798150
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001798150-25-000001 ↗ filed May 9, 2025
Holdings Value
Holdings 428 stocks · $1.3B
| AAPL Apple Inc. | 7.91% | 447,882 | $99.5M | Reduce -2.6% |
| MSFT Microsoft Corp. | 7.28% | 243,886 | $91.6M | Add +1.0% |
| NVDA Nvidia Corp. | 6.27% | 727,820 | $78.9M | Add +0.7% |
| AMZN Amazon.com Inc. | 5.58% | 369,031 | $70.2M | Reduce -1.4% |
| GOOG Alphabet Inc. Class C | 5.39% | 434,113 | $67.8M | Reduce -0.9% |
| V Visa Inc. Class A | 4.78% | 171,451 | $60.1M | Reduce -2.2% |
| AVGO Broadcom Inc. | 4.71% | 353,528 | $59.2M | Add +2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.02% | 94,972 | $50.6M | Reduce -4.4% |
| PGR Progressive Corp. | 2.58% | 114,415 | $32.4M | Reduce -1.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.41% | 38 | $30.3M | No change |
| LOW Lowe's Cos Inc. | 2.40% | 129,321 | $30.2M | Reduce -1.5% |
| PPH Vaneck Pharmaceutical ETF | 2.06% | 283,685 | $25.9M | Add +0.3% |
| PWR Quanta Services Inc. | 1.96% | 96,878 | $24.6M | Add +7.7% |
| PNC PNC Financial Services Group | 1.86% | 132,719 | $23.3M | Add +1.2% |
| AWK American Water Works Co. Inc. | 1.78% | 151,369 | $22.3M | Add +1.0% |
| CMS CMS Energy Corp. | 1.72% | 288,021 | $21.6M | Reduce -0.5% |
| RMD Resmed Inc. | 1.71% | 95,785 | $21.4M | Add +1.8% |
| LIN Linde PLC | 1.56% | 42,185 | $19.6M | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 1.47% | 37,206 | $18.5M | Add +1.1% |
| FSLR First Solar Inc. | 1.41% | 140,168 | $17.7M | Add +0.1% |
| AON Aon PLC Class A | 1.41% | 44,291 | $17.7M | Reduce -3.9% |
| COO The Cooper Cos Inc. | 1.37% | 203,960 | $17.2M | Add +203860.0% |
| IBB iShares Biotechnology ETF | 1.29% | 127,045 | $16.2M | Reduce -0.7% |
| OWL Blue Owl Capital Inc. | 1.26% | 788,169 | $15.8M | Add +1.1% |
| AVB Avalonbay Communities Inc. | 1.19% | 69,655 | $14.9M | Reduce -1.0% |
| ADBE Adobe Inc. | 1.15% | 37,843 | $14.5M | Reduce -21.5% |
| MDLZ Mondelez International Inc. Class A | 1.14% | 212,075 | $14.4M | Reduce -40.1% |
| BE Bloom Energy Corp. Class A | 1.12% | 713,307 | $14.0M | Reduce -1.5% |
| DHR Danaher Corp. | 1.10% | 67,406 | $13.8M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.04% | 107,312 | $13.1M | Reduce -48.8% |
| VLTO Veralto Corp. | 1.02% | 131,843 | $12.8M | Add +0.4% |
| PANW Palo Alto Networks Inc. | 0.96% | 71,093 | $12.1M | Add +1.9% |
| GTLS Chart Industries Inc. | 0.96% | 84,034 | $12.1M | Add +3.3% |
| TYL Tyler Technologies Inc. | 0.96% | 20,670 | $12.0M | Reduce -1.8% |
| VMI Valmont Industries | 0.94% | 41,475 | $11.8M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 0.90% | 73,373 | $11.3M | Reduce -1.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.74% | 14,062 | $9.3M | Reduce -1.8% |
| USFD US Foods Holding Corp. | 0.73% | 139,300 | $9.1M | Add +92766.7% |
| ANET Arista Networks Inc. | 0.64% | 104,326 | $8.1M | Add +2.0% |
| JNJ Johnson & Johnson | 0.63% | 47,904 | $7.9M | Reduce -5.4% |
| NOW ServiceNow Inc. | 0.63% | 9,879 | $7.9M | Add +7327.8% |
| NVT Nvent Electric PLC | 0.58% | 138,399 | $7.3M | Add +3.4% |
| BIPC Brookfield Infrastructure-A | 0.56% | 195,835 | $7.1M | Add +1.8% |
| BIP Brookfield Infrastructure Pa | 0.49% | 205,992 | $6.1M | Reduce -2.4% |
| HASI Ha Sustainable Infrastructur | 0.42% | 181,235 | $5.3M | Reduce -0.3% |
| ADI Analog Devices Inc. | 0.41% | 25,278 | $5.1M | Reduce -2.2% |
| NOC Northrop Grumman Corp. | 0.35% | 8,706 | $4.5M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 6,870 | $3.8M | Reduce -9.0% |
| MRK Merck & Co. Inc. | 0.25% | 35,292 | $3.2M | Reduce -81.5% |
| GLD SPDR Gold Shares | 0.25% | 10,967 | $3.2M | Add +18.1% |
| MA Mastercard Inc. Class A | 0.23% | 5,162 | $2.8M | Reduce -5.4% |
| TT Trane Technologies PLC | 0.22% | 8,340 | $2.8M | Reduce -5.4% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.22% | 194,797 | $2.8M | Reduce -7.2% |
| XLV SS Health Care Select Sector | 0.19% | 16,695 | $2.4M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.16% | 2,096 | $2.0M | Reduce -3.2% |
| NVR NVR Inc. | 0.14% | 251 | $1.8M | Reduce -92.3% |
| NEE Nextera Energy Inc. | 0.14% | 24,663 | $1.7M | Reduce -7.1% |
| AMT American Tower Corp. | 0.13% | 7,516 | $1.6M | Reduce -90.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 5,900 | $1.6M | Reduce -11.9% |
| TRV The Travelers Cos Inc. | 0.13% | 6,112 | $1.6M | Reduce -5.8% |
| VXUS Vanguard Total Intl Stock | 0.12% | 25,000 | $1.6M | Reduce -16.7% |
| KKR KKR & Co. Inc. | 0.12% | 12,810 | $1.5M | Reduce -10.5% |
| AMAL Amalgamated Financial Corp. | 0.12% | 50,645 | $1.5M | Reduce -0.2% |
| ULTA Ulta Beauty Inc. | 0.11% | 3,895 | $1.4M | Reduce -52.0% |
| VXF Vanguard Extended Market ETF | 0.11% | 8,000 | $1.4M | No change |
| PG The Procter & Gamble Co. | 0.10% | 7,360 | $1.3M | Add +5.1% |
| MS Morgan Stanley | 0.09% | 10,000 | $1.2M | Reduce -9.1% |
| UNH Unitedhealth Group Inc. | 0.09% | 2,224 | $1.2M | Reduce -19.3% |
| LKQ LKQ Corp. | 0.09% | 26,500 | $1.1M | Reduce -13.1% |
| DHI D.R. Horton Inc. | 0.09% | 8,750 | $1.1M | Reduce -20.4% |
| JPM JPMorgan Chase & Co. | 0.09% | 4,382 | $1.1M | Reduce -2.3% |
| BN Brookfield Corp. | 0.08% | 20,000 | $1.0M | Reduce -20.8% |
| CNI Canadian Natl Railway Co. | 0.08% | 10,600 | $1.0M | Reduce -3.9% |
| IVV iShares Core S&P 500 ETF | 0.08% | 1,738 | $977K | No change |
| ORCL Oracle Corp. | 0.08% | 6,912 | $966K | Add +2.7% |
| LEN Lennar Corp. Class A | 0.07% | 8,000 | $918K | Reduce -14.1% |
| ABT Abbott Laboratories | 0.07% | 6,741 | $894K | Add +21.0% |
| GS Goldman Sachs Group Inc. | 0.06% | 1,450 | $792K | Reduce -14.7% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.06% | 2,450 | $757K | No change |
| MKL Markel Group Inc. | 0.06% | 400 | $748K | Reduce -20.0% |
| LLY Eli Lilly & Co. | 0.06% | 881 | $728K | No change |
| AKR Acadia Realty Trust | 0.06% | 34,000 | $712K | New |
| MDY State Street SPDR S&P Midcap | 0.05% | 1,254 | $669K | No change |
| MRSH Marsh & McLennan Cos | 0.05% | 2,714 | $662K | No change |
| SCHW Schwab (charles) Corp. | 0.05% | 8,320 | $651K | Reduce -17.8% |
| OC Owens Corning | 0.05% | 4,500 | $643K | Reduce -18.2% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.05% | 8,000 | $625K | Reduce -11.1% |
| VRSK Verisk Analytics Inc. | 0.05% | 1,991 | $593K | No change |
| ADP Automatic Data Processing | 0.05% | 1,932 | $590K | Add +14.8% |
| KRNT Kornit Digital Ltd. | 0.05% | 30,085 | $574K | Reduce -16.6% |
| ABBV Abbvie Inc. | 0.05% | 2,712 | $568K | Reduce -2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.04% | 2,457 | $545K | Reduce -6.8% |
| SOXX iShares Semiconductor ETF | 0.04% | 2,800 | $527K | Add +19.1% |
| HD Home Depot Inc. | 0.04% | 1,376 | $504K | Reduce -6.0% |
| GIS General Mills Inc. | 0.04% | 8,398 | $502K | No change |
| CRM Salesforce Inc. | 0.04% | 1,769 | $475K | Reduce -6.1% |
| MMM 3M Co. | 0.04% | 3,217 | $472K | Add +0.5% |
| WAT Waters Corp. | 0.04% | 1,245 | $459K | Reduce -6.7% |
| PEP Pepsico Inc. | 0.04% | 2,974 | $446K | Reduce -3.4% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 3,234 | $417K | 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: $1.3B.
Portfolio Sells Q4 2024 → Q1 2025
| NVR NVR Inc. | Reduce -92.3% | 0.14% | −1.74 |
| MRK Merck & Co. Inc. | Reduce -81.5% | 0.25% | −1.10 |
| AMT American Tower Corp. | Reduce -90.1% | 0.13% | −0.86 |
| TJX TJX Companies Inc. | Reduce -48.8% | 1.04% | −0.76 |
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 5.39% | −0.54 |
| ADBE Adobe Inc. | Reduce -21.5% | 1.15% | −0.37 |
| MDLZ Mondelez International Inc. Class A | Reduce -40.1% | 1.14% | −0.36 |
| AAPL Apple Inc. | Reduce -2.6% | 7.91% | −0.28 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 5.58% | −0.25 |
| ULTA Ulta Beauty Inc. | Reduce -52.0% | 0.11% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 0.90% | −0.10 |
| ONT Onterris Inc. | Reduce -7.2% | 0.22% | −0.06 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.04 |
| KRNT Kornit Digital Ltd. | Reduce -16.6% | 0.05% | −0.03 |
| KKR KKR & Co. Inc. | Reduce -10.5% | 0.12% | −0.03 |
| BE Bloom Energy Corp. Class A | Reduce -1.5% | 1.12% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -20.4% | 0.09% | −0.02 |
| BN Brookfield Corp. | Reduce -20.8% | 0.08% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -14.1% | 0.07% | −0.02 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.02 |
| OC Owens Corning | Reduce -18.2% | 0.05% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -59.7% | 0.01% | −0.01 |
| TFC Truist Financial Corp. | Reduce -32.5% | 0.03% | −0.01 |
| TSLA Tesla Inc. | Reduce -17.5% | 0.01% | −0.01 |
| AES AES Corp. | Sold out | 0.00% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -11.9% | 0.13% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -9.0% | 0.31% | −0.01 |
| TT Trane Technologies PLC | Reduce -5.4% | 0.22% | −0.01 |
| TGT Target Corp. | Reduce -31.7% | 0.01% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.01 |
| ENTG Entegris Inc. | Reduce -96.4% | 0.00% | −0.01 |
| RGA Reinsurance Group of America | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -6.1% | 0.04% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -19.3% | 0.09% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Sold out | 0.00% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -14.7% | 0.06% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -23.5% | 0.02% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -50.0% | 0.01% | −0.01 |
| EAGG iShares ESG Aware US Aggrega | Sold out | 0.00% | −0.01 |
| MS Morgan Stanley | Reduce -9.1% | 0.09% | −0.01 |
| AXP American Express Co. | Reduce -41.8% | 0.01% | −0.01 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Sold out | 0.00% | −0.01 |
| AMAL Amalgamated Financial Corp. | Reduce -0.2% | 0.12% | −0.01 |
| CF CF Industries Holdings Inc. | Reduce -11.1% | 0.05% | −0.00 |
| CMI Cummins Inc. | Reduce -50.0% | 0.01% | −0.00 |
| DHR Danaher Corp. | Reduce -0.3% | 1.10% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -66.8% | 0.00% | −0.00 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| COO The Cooper Cos Inc. | Add +203860.0% | 1.37% | +1.37 |
| USFD US Foods Holding Corp. | Add +92766.7% | 0.73% | +0.72 |
| NOW ServiceNow Inc. | Add +7327.8% | 0.63% | +0.62 |
| AWK American Water Works Co. Inc. | Add +1.0% | 1.78% | +0.45 |
| PPH Vaneck Pharmaceutical ETF | Add +0.3% | 2.06% | +0.32 |
| RMD Resmed Inc. | Add +1.8% | 1.71% | +0.17 |
| TMO Thermo Fisher Scientific Inc. | Add +1.1% | 1.47% | +0.11 |
| GLD SPDR Gold Shares | Add +18.1% | 0.25% | +0.09 |
| VLTO Veralto Corp. | Add +0.4% | 1.02% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +1.9% | 0.96% | +0.06 |
| AKR Acadia Realty Trust | New | 0.06% | +0.06 |
| PNC PNC Financial Services Group | Add +1.2% | 1.86% | +0.06 |
| VMI Valmont Industries | Add +1.8% | 0.94% | +0.05 |
| MSFT Microsoft Corp. | Add +1.0% | 7.28% | +0.05 |
| XLV SS Health Care Select Sector | Add +0.2% | 0.19% | +0.03 |
| ABT Abbott Laboratories | Add +21.0% | 0.07% | +0.03 |
| PLD Prologis Inc. | Add +371.6% | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +354.9% | 0.03% | +0.02 |
| WMT Walmart Inc. | Add +143.3% | 0.03% | +0.02 |
| VPU Vanguard Utilities ETF | New | 0.02% | +0.02 |
| XOM Exxon Mobil Corp. | Add +126.1% | 0.03% | +0.02 |
| BAC Bank of America Corp. | Add +285.3% | 0.02% | +0.02 |
| XAR SS SPDR S&P Aerospace Def | New | 0.02% | +0.02 |
| BIPC Brookfield Infrastructure-A | Add +1.8% | 0.56% | +0.02 |
| PG The Procter & Gamble Co. | Add +5.1% | 0.10% | +0.02 |
| USFR Wisdomtree Floating Rate Tre | New | 0.02% | +0.02 |
| IXN iShares Global Tech ETF | New | 0.02% | +0.02 |
| VYM Vanguard High DVD Yield ETF | New | 0.01% | +0.01 |
| META Meta Platforms Inc. Class A | Add +188.7% | 0.02% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +300.0% | 0.02% | +0.01 |
| ADP Automatic Data Processing | Add +14.8% | 0.05% | +0.01 |
| EQIX Equinix Inc. | Add +3400.0% | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.01% | +0.01 |
| AEP American Electric Power | Add +138.5% | 0.01% | +0.01 |
| PHO Invesco Water Resources ETF | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +379.3% | 0.01% | +0.01 |
| VZ Verizon Communications Inc. | Add +164.3% | 0.01% | +0.01 |
| VTR Ventas Inc. | New | 0.01% | +0.01 |
| ILCG iShares Morningstar Growth E | New | 0.01% | +0.01 |
| PIO Invesco Global Water ETF | New | 0.01% | +0.01 |
| PSA Public Storage | New | 0.01% | +0.01 |
| XLK SS Technology Select Sector | Add +59.9% | 0.02% | +0.01 |
| VDC Vanguard Consumer Staple ETF | Add +20.3% | 0.03% | +0.01 |
| IXC iShares Global Energy ETF | New | 0.01% | +0.01 |
| ICSH iShares Ultra Short Duration | Add +215.8% | 0.01% | +0.01 |
| MMM 3M Co. | Add +0.5% | 0.04% | +0.01 |
| CPT Camden Property Trust | New | 0.01% | +0.01 |
| RTX RTX Corp. | New | 0.01% | +0.01 |
| VHT Vanguard Health Care ETF | New | 0.01% | +0.01 |
| IBM Intl Business Machines Corp. | Add +15.8% | 0.02% | +0.01 |
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 |