Avalon Trust Co
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 6, 2026), Avalon Trust Co reported 456 stock positions worth $1.5 billion. Its top holding was Nvidia (NVDA) at 8.7% of the portfolio, followed by Apple (AAPL, 7.3%) and Alphabet Class C (GOOG, 6.7%). Compared with Q4 2025, it opened 53 new positions, sold out of 22, added to 113 and reduced 85. The biggest buy was Netflix (NFLX, shares +14869%) and the biggest sale First Solar (FSLR, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA FE, NM
- CIK
- 0001798150
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001798150-26-000002 ↗ filed May 6, 2026
Holdings Value
Holdings 456 stocks · $1.5B
| NVDA Nvidia Corp. | 8.73% | 726,959 | $126.8M | Reduce -1.0% |
| AAPL Apple Inc. | 7.27% | 416,025 | $105.6M | Add +1.2% |
| GOOG Alphabet Inc. Class C | 6.72% | 340,078 | $97.6M | Reduce -10.4% |
| AVGO Broadcom Inc. | 6.34% | 297,552 | $92.1M | Reduce -10.4% |
| MSFT Microsoft Corp. | 6.03% | 236,541 | $87.6M | Add +2.5% |
| AMZN Amazon.com Inc. | 5.29% | 368,803 | $76.8M | Add +0.7% |
| JMTG Mortgage-Backed Securities filed as J P MORGAN EXCHANGE TRADED F | 4.70% | 1,337,102 | $68.2M | Add +0.4% |
| V Visa Inc. Class A | 3.68% | 176,643 | $53.4M | Add +2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.30% | 69,810 | $33.5M | Reduce -0.3% |
| PWR Quanta Services Inc. | 2.29% | 60,570 | $33.3M | Reduce -35.3% |
| BE Bloom Energy Corp. Class A | 2.18% | 233,720 | $31.7M | Reduce -34.1% |
| LOW Lowe's Cos Inc. | 2.07% | 127,330 | $30.1M | Add +0.5% |
| PPH Vaneck Pharmaceutical ETF | 1.92% | 267,700 | $27.8M | Reduce -0.1% |
| NFLX Netflix Inc. | 1.78% | 269,433 | $25.9M | Add +14868.5% |
| PNC PNC Financial Services Group | 1.77% | 123,604 | $25.7M | Reduce -0.5% |
| PGR Progressive Corp. | 1.64% | 120,024 | $23.8M | Add +0.7% |
| CMS CMS Energy Corp. | 1.57% | 293,359 | $22.8M | Add +0.4% |
| LIN Linde PLC | 1.55% | 45,299 | $22.5M | Add +0.6% |
| USFD US Foods Holding Corp. | 1.51% | 237,290 | $21.9M | Add +66.0% |
| RMD Resmed Inc. | 1.47% | 95,017 | $21.3M | Add +2.8% |
| EQIX Equinix Inc. | 1.43% | 21,241 | $20.8M | Reduce -0.1% |
| AWK American Water Works Co. Inc. | 1.43% | 152,159 | $20.7M | Reduce -0.4% |
| AZO AutoZone Inc. | 1.40% | 6,037 | $20.4M | Add +0.4% |
| SYK Stryker Corp. | 1.37% | 60,540 | $19.9M | Add +20080.0% |
| AON Aon PLC Class A | 1.27% | 57,236 | $18.5M | Add +0.6% |
| PANW Palo Alto Networks Inc. | 1.22% | 110,635 | $17.7M | Add +55.9% |
| TMO Thermo Fisher Scientific Inc. | 1.22% | 35,923 | $17.7M | Add +2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.10% | 100,305 | $16.0M | Reduce -1.0% |
| VMI Valmont Industries | 1.10% | 39,939 | $16.0M | Add +0.9% |
| DHR Danaher Corp. | 1.05% | 80,758 | $15.3M | Add +2.8% |
| KLAC KLA Corp. | 1.04% | 10,259 | $15.1M | Add +256375.0% |
| ADI Analog Devices Inc. | 0.89% | 40,585 | $12.9M | Add +4.3% |
| VLTO Veralto Corp. | 0.87% | 143,098 | $12.7M | Add +2.0% |
| ANET Arista Networks Inc. | 0.79% | 93,375 | $11.5M | Add +1.1% |
| GOOGL Alphabet Inc. Class A | 0.75% | 37,666 | $10.8M | Reduce -29.6% |
| NVT Nvent Electric PLC | 0.69% | 85,111 | $10.1M | Add +0.4% |
| JNJ Johnson & Johnson | 0.69% | 41,035 | $10.0M | Add +1.1% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.66% | 436,494 | $9.6M | Add +2.1% |
| TYL Tyler Technologies Inc. | 0.54% | 22,955 | $7.9M | Reduce -0.8% |
| ETR Entergy Corp. | 0.52% | 67,135 | $7.5M | Add +0.9% |
| BIPC Brookfield Infrastructure-A | 0.52% | 190,781 | $7.5M | Reduce -0.6% |
| BIP Brookfield Infrastructure Pa | 0.46% | 184,055 | $6.6M | Reduce -1.6% |
| HASI Ha Sustainable Infrastructur | 0.45% | 179,397 | $6.6M | Reduce -2.0% |
| GLD SPDR Gold Shares | 0.34% | 11,419 | $4.9M | Add +1.6% |
| NOC Northrop Grumman Corp. | 0.34% | 7,159 | $4.9M | Reduce -3.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 6,680 | $4.3M | Reduce -0.2% |
| FSLR First Solar Inc. | 0.28% | 20,420 | $4.0M | Reduce -84.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.21% | 9,647 | $3.1M | Reduce -3.3% |
| COST Costco Wholesale Corp. | 0.21% | 3,077 | $3.1M | Add +13.7% |
| MA Mastercard Inc. Class A | 0.20% | 5,885 | $2.9M | Add +0.8% |
| TRV The Travelers Cos Inc. | 0.18% | 8,784 | $2.6M | Add +0.4% |
| XLV SS Health Care Select Sector | 0.18% | 17,383 | $2.5M | Add +1.8% |
| IBB iShares Biotechnology ETF | 0.17% | 15,025 | $2.5M | Reduce -7.4% |
| TT Trane Technologies PLC | 0.17% | 5,974 | $2.5M | Reduce -0.8% |
| VXUS Vanguard Total Intl Stock | 0.17% | 32,000 | $2.5M | Reduce -3.0% |
| AMAT Applied Materials Inc. | 0.17% | 7,115 | $2.4M | Reduce -4.2% |
| AMAL Amalgamated Financial Corp. | 0.13% | 48,685 | $1.9M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.12% | 5,720 | $1.7M | Add +25.1% |
| MRK Merck & Co. Inc. | 0.11% | 13,259 | $1.6M | Add +5.7% |
| GS Goldman Sachs Group Inc. | 0.11% | 1,859 | $1.6M | Add +27.4% |
| MS Morgan Stanley | 0.11% | 9,296 | $1.5M | Add +15.2% |
| ULTA Ulta Beauty Inc. | 0.10% | 2,833 | $1.5M | Add +1.9% |
| IVV iShares Core S&P 500 ETF | 0.09% | 1,961 | $1.3M | No change |
| ITOT iShares Core S&P Total U.S. | 0.08% | 7,807 | $1.1M | New |
| CNI Canadian Natl Railway Co. | 0.07% | 10,200 | $1.0M | No change |
| TSLA Tesla Inc. | 0.07% | 2,759 | $1.0M | No change |
| ORCL Oracle Corp. | 0.07% | 6,972 | $1.0M | Add +2.4% |
| KKR KKR & Co. Inc. | 0.07% | 10,801 | $999K | Reduce -12.2% |
| PG The Procter & Gamble Co. | 0.07% | 6,887 | $995K | Add +17.6% |
| TD Toronto-Dominion Bank | 0.06% | 10,000 | $933K | No change |
| ABBV Abbvie Inc. | 0.06% | 4,066 | $884K | Add +24.0% |
| WMT Walmart Inc. | 0.06% | 6,793 | $844K | Add +46.9% |
| MKL Markel Group Inc. | 0.06% | 429 | $821K | Add +0.9% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.06% | 2,216 | $814K | Reduce -9.6% |
| LLY Eli Lilly & Co. | 0.05% | 849 | $781K | Reduce -4.7% |
| CF CF Industries Holdings Inc. | 0.05% | 6,000 | $779K | No change |
| MDY State Street SPDR S&P Midcap | 0.05% | 1,250 | $771K | Add +25.0% |
| NEE Nextera Energy Inc. | 0.05% | 8,107 | $753K | Add +12.8% |
| AVB Avalonbay Communities Inc. | 0.05% | 4,470 | $730K | Reduce -16.0% |
| BN Brookfield Corp. | 0.05% | 18,000 | $728K | Reduce -14.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.04% | 1,895 | $640K | Add +53.9% |
| IYW iShares Ustechnology ETF | 0.04% | 3,396 | $616K | Add +64.8% |
| XLK SS Technology Select Sector | 0.04% | 4,552 | $605K | Reduce -36.6% |
| ABT Abbott Laboratories | 0.04% | 5,763 | $592K | Add +0.4% |
| HD Home Depot Inc. | 0.04% | 1,772 | $583K | Add +21.0% |
| SOXX iShares Semiconductor ETF | 0.04% | 1,750 | $575K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.04% | 11,203 | $546K | Add +10.4% |
| DHI D.R. Horton Inc. | 0.04% | 3,750 | $515K | No change |
| HLIO Helios Technologies Inc. | 0.04% | 7,901 | $511K | No change |
| UNP Union Pacific Corp. | 0.03% | 2,050 | $497K | Add +9.6% |
| VRSK Verisk Analytics Inc. | 0.03% | 2,600 | $493K | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 0.03% | 8,142 | $469K | Reduce -96.3% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.03% | 3,234 | $469K | No change |
| AMT American Tower Corp. | 0.03% | 2,695 | $465K | Reduce -5.9% |
| MMM 3M Co. | 0.03% | 3,200 | $465K | No change |
| TFC Truist Financial Corp. | 0.03% | 10,070 | $463K | Add +14.8% |
| AKR Acadia Realty Trust | 0.03% | 24,000 | $459K | No change |
| EFA iShares MSCI Eafe ETF | 0.03% | 4,680 | $455K | Add +65.1% |
| ADBE Adobe Inc. | 0.03% | 1,820 | $442K | Reduce -86.4% |
| OC Owens Corning | 0.03% | 4,000 | $433K | No change |
Other holdings (3): bonds, preferreds, convertibles and warrants · $83 (not counted above)
Lines left out (1) · $11 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| PIO Invesco Global Water ETF | GLOBAL WATER | 0 | $11 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.5B.
Portfolio Sells Q4 2025 → Q1 2026
| FSLR First Solar Inc. | Reduce -84.4% | 0.28% | −1.93 |
| AVGO Broadcom Inc. | Reduce -10.4% | 6.34% | −1.09 |
| NOW ServiceNow Inc. | Reduce -98.7% | 0.01% | −1.08 |
| GOOG Alphabet Inc. Class C | Reduce -10.4% | 6.72% | −0.98 |
| MDLZ Mondelez International Inc. Class A | Reduce -96.3% | 0.03% | −0.73 |
| GOOGL Alphabet Inc. Class A | Reduce -29.6% | 0.75% | −0.34 |
| ADBE Adobe Inc. | Reduce -86.4% | 0.03% | −0.27 |
| PWR Quanta Services Inc. | Reduce -35.3% | 2.29% | −0.27 |
| TYL Tyler Technologies Inc. | Reduce -0.8% | 0.54% | −0.14 |
| NVDA Nvidia Corp. | Reduce -1.0% | 8.73% | −0.13 |
| BIPC Brookfield Infrastructure-A | Reduce -0.6% | 0.52% | −0.04 |
| KKR KKR & Co. Inc. | Reduce -12.2% | 0.07% | −0.03 |
| XLK SS Technology Select Sector | Reduce -36.6% | 0.04% | −0.03 |
| CRM Salesforce Inc. | Reduce -21.3% | 0.03% | −0.02 |
| OWL Blue Owl Capital Inc. | Sold out | 0.00% | −0.02 |
| XAR SS SPDR S&P Aerospace Def | Reduce -48.2% | 0.02% | −0.01 |
| PLD Prologis Inc. | Reduce -52.3% | 0.01% | −0.01 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -85.1% | 0.00% | −0.01 |
| AVB Avalonbay Communities Inc. | Reduce -16.0% | 0.05% | −0.01 |
| BN Brookfield Corp. | Reduce -14.3% | 0.05% | −0.01 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -9.6% | 0.06% | −0.01 |
| GE General Electric | Reduce -71.3% | 0.00% | −0.01 |
| COO The Cooper Cos Inc. | Reduce -45.0% | 0.01% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -4.7% | 0.05% | −0.01 |
| VPU Vanguard Utilities ETF | Reduce -52.0% | 0.01% | −0.01 |
| EPD Enterprise Products Partners | Reduce -53.4% | 0.01% | −0.01 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.01 |
| ADP Automatic Data Processing | Reduce -4.1% | 0.03% | −0.01 |
| IXN iShares Global Tech ETF | Sold out | 0.00% | −0.01 |
| SPGI S&P Global Inc. | Reduce -6.9% | 0.02% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -4.5% | 0.02% | −0.01 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -19.3% | 0.01% | −0.00 |
| IBM Intl Business Machines Corp. | Reduce -12.3% | 0.01% | −0.00 |
| IDXX Idexx Laboratories Inc. | Reduce -60.0% | 0.00% | −0.00 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.00 |
| REXR Rexford Industrial Realty Inc. | Sold out | 0.00% | −0.00 |
| TTD Trade Desk Inc./the Class A | Reduce -48.1% | 0.00% | −0.00 |
| SMH Vaneck Semiconductor ETF | Reduce -36.5% | 0.01% | −0.00 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.00 |
| ROBO Robo Global Robotics and Aut | Sold out | 0.00% | −0.00 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.00 |
| AXP American Express Co. | Reduce -58.2% | 0.00% | −0.00 |
| IHI iShares U.S. Medical Devices | Reduce -49.4% | 0.00% | −0.00 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −0.00 |
| ARES Ares Management Corp. Class A | Reduce -39.9% | 0.00% | −0.00 |
| JEPI JPMorgan Equity Premium Inco | Sold out | 0.00% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.3% | 0.21% | −0.00 |
| MSI Motorola Solutions Inc. | Reduce -73.5% | 0.00% | −0.00 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.00 |
| PAVE Global X US Infrastructure | Reduce -59.8% | 0.00% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| NFLX Netflix Inc. | Add +14868.5% | 1.78% | +1.77 |
| SYK Stryker Corp. | Add +20080.0% | 1.37% | +1.36 |
| KLAC KLA Corp. | Add +256375.0% | 1.04% | +1.04 |
| USFD US Foods Holding Corp. | Add +66.0% | 1.51% | +0.81 |
| PANW Palo Alto Networks Inc. | Add +55.9% | 1.22% | +0.38 |
| LIN Linde PLC | Add +0.6% | 1.55% | +0.31 |
| JMTG Mortgage-Backed Securities | Add +0.4% | 4.70% | +0.30 |
| CMS CMS Energy Corp. | Add +0.4% | 1.57% | +0.25 |
| ADI Analog Devices Inc. | Add +4.3% | 0.89% | +0.21 |
| JNJ Johnson & Johnson | Add +1.1% | 0.69% | +0.15 |
| NVT Nvent Electric PLC | Add +0.4% | 0.69% | +0.13 |
| ETR Entergy Corp. | Add +0.9% | 0.52% | +0.12 |
| LOW Lowe's Cos Inc. | Add +0.5% | 2.07% | +0.10 |
| AZO AutoZone Inc. | Add +0.4% | 1.40% | +0.09 |
| ITOT iShares Core S&P Total U.S. | New | 0.08% | +0.08 |
| VMI Valmont Industries | Add +0.9% | 1.10% | +0.07 |
| COST Costco Wholesale Corp. | Add +13.7% | 0.21% | +0.06 |
| GLD SPDR Gold Shares | Add +1.6% | 0.34% | +0.05 |
| AAPL Apple Inc. | Add +1.2% | 7.27% | +0.05 |
| RMD Resmed Inc. | Add +2.8% | 1.47% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +27.4% | 0.11% | +0.03 |
| WMT Walmart Inc. | Add +46.9% | 0.06% | +0.02 |
| MRK Merck & Co. Inc. | Add +5.7% | 0.11% | +0.02 |
| VFH Vanguard Financials ETF | New | 0.02% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +25.1% | 0.12% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +53.9% | 0.04% | +0.02 |
| XOM Exxon Mobil Corp. | Add +64.0% | 0.03% | +0.02 |
| IYW iShares Ustechnology ETF | Add +64.8% | 0.04% | +0.02 |
| NEE Nextera Energy Inc. | Add +12.8% | 0.05% | +0.01 |
| PG The Procter & Gamble Co. | Add +17.6% | 0.07% | +0.01 |
| MDY State Street SPDR S&P Midcap | Add +25.0% | 0.05% | +0.01 |
| CMI Cummins Inc. | Add +175.0% | 0.02% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +65.1% | 0.03% | +0.01 |
| CVX Chevron Corp. | Add +164.9% | 0.02% | +0.01 |
| GNR State Street SPDR S&P Global | New | 0.01% | +0.01 |
| MS Morgan Stanley | Add +15.2% | 0.11% | +0.01 |
| ABBV Abbvie Inc. | Add +24.0% | 0.06% | +0.01 |
| TRV The Travelers Cos Inc. | Add +0.4% | 0.18% | +0.01 |
| MCD McDonald's Corp. | Add +65.8% | 0.03% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +71.4% | 0.02% | +0.01 |
| NSC Norfolk Southern Corp. | Add +61.0% | 0.02% | +0.01 |
| NI Nisource Inc. | Add +50.0% | 0.02% | +0.01 |
| AZN Astrazeneca PLC | Add +342.3% | 0.01% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +1484.6% | 0.01% | +0.01 |
| RTX RTX Corp. | Add +106.0% | 0.01% | +0.01 |
| CB Chubb Ltd. | Add +74.3% | 0.02% | +0.01 |
| MOAT Vaneck Morningstar Wide Moat | New | 0.01% | +0.01 |
| C Citigroup Inc. | Add +250.0% | 0.01% | +0.01 |
| HD Home Depot Inc. | Add +21.0% | 0.04% | +0.01 |
| LRGC AB US LC Strategic Eq ETF | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2025 → Q1 2026
| DRTSW Alpha Tau Medical Ltd. -27 | *W EXP 99/99/999 | Sold out | 14,500 | $5Kbefore exit |
| VHT Vanguard Health Care ETF | HEALTH CAR ETF | Sold out | 0 | $88before exit |
| PIO Invesco Global Water ETF | GLOBAL WATER | Reduce -100.0% | 0 | $11 |
| CGW Invesco S&P Global Water Ind | S&P GBL WATER | Sold out | 0 | $9before exit |
| VTV Vanguard Mrngstr Val ETF-Aui | VALUE ETF | Sold out | 0 | $9before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |