Beacon Investment Advisors LLC

Name: BEACON INVESTMENT ADVISORS LLC 13F holdings, Q1 2026
Creator: BEACON INVESTMENT ADVISORS LLC
Published: 2026-05-14

Q2 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Beacon Investment Advisors LLC reported 171 stock positions worth $264.9 million. Its top holding was Applied Materials (AMAT) at 5.0% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 4.8%) and Microsoft (MSFT, 4.0%). Compared with Q4 2025, it opened 11 new positions, sold out of 3, added to 58 and reduced 79. The biggest buy was a new position in Capital One Financial (COF) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F: Q2 2026
Location: Gaithersburg, MD
CIK: 0001961635
Portfolio Value: $264.9M (Q1 2026)
SEC Filing: 0001172661-26-001953 ↗ filed May 14, 2026

Holdings Value

Holdings 171 stocks · $264.9M


AMAT Applied Materials Inc.	5.03%	38,981	$13.3M	Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B	4.81%	26,582	$12.7M	Reduce -0.1%
MSFT Microsoft Corp.	4.02%	28,736	$10.6M	Add +4.9%
AAPL Apple Inc.	3.56%	37,112	$9.4M	Reduce -2.3%
CSTM Constellium SE	3.03%	326,966	$8.0M	Reduce -0.3%
MAR Marriott International Class A	2.78%	22,531	$7.4M	Add +0.2%
CASY Casey's General Stores Inc.	2.75%	10,024	$7.3M	Reduce -0.9%
GNRC Generac Holdings Inc.	2.23%	30,187	$5.9M	Reduce -0.4%
COST Costco Wholesale Corp.	2.15%	5,717	$5.7M	Reduce -1.7%
DE Deere & Co.	1.92%	9,019	$5.1M	Reduce -0.3%
AXP American Express Co.	1.76%	15,385	$4.7M	Add +80.3%
WMT Walmart Inc.	1.70%	36,240	$4.5M	Reduce -1.3%
VLO Valero Energy Corp.	1.59%	17,029	$4.2M	Add +0.0%
INTU Intuit Inc.	1.58%	9,684	$4.2M	Add +25.3%
CSCO Cisco Systems Inc.	1.55%	52,754	$4.1M	Add +0.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	1.53%	83,229	$4.1M	Reduce -0.7%
HQY Healthequity Inc.	1.53%	48,391	$4.0M	Add +53.5%
LMT Lockheed Martin Corp.	1.48%	6,496	$3.9M	Reduce -1.9%
RYAAY Ryanair Holdings PLC-SP ADR	1.44%	65,800	$3.8M	Reduce -0.6%
OCUL Ocular Therapeutix Inc.	1.38%	430,876	$3.6M	Add +160.3%
CAT Caterpillar Inc.	1.36%	5,078	$3.6M	Reduce -1.0%
RCL Royal Caribbean Cruises Ltd.	1.22%	11,755	$3.2M	Add +0.0%
FDX FedEx Corp.	1.17%	8,667	$3.1M	Reduce -1.4%
GHC Graham Holdings Co. Class B	1.16%	2,903	$3.1M	Reduce -0.6%
NVR NVR Inc.	1.09%	437	$2.9M	Add +0.2%
RHP Ryman Hospitality Properties	1.06%	30,420	$2.8M	Reduce -0.9%
LPLA LPL Financial Holdings Inc.	1.06%	9,291	$2.8M	Reduce -1.0%
LHX L3HARRIS Technologies Inc.	1.01%	7,775	$2.7M	Reduce -1.0%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO	0.99%	49,696	$2.6M	Reduce -0.1%
GOOGL Alphabet Inc. Class A	0.98%	9,056	$2.6M	Add +0.0%
AMD Advanced Micro Devices	0.84%	10,882	$2.2M	Add +0.0%
HAE Haemonetics Corp.	0.79%	37,115	$2.1M	Add +16.5%
OBDC Blue Owl Capital Corp.	0.77%	183,937	$2.0M	Add +3.3%
DRI Darden Restaurants Inc.	0.76%	10,305	$2.0M	Reduce -0.5%
JPM JPMorgan Chase & Co.	0.76%	6,830	$2.0M	Add +0.0%
ENB Enbridge Inc.	0.74%	36,402	$2.0M	Reduce -0.8%
BKE The Buckle Inc.	0.71%	37,247	$1.9M	Add +4.3%
DEO Diageo PLC-Sponsored ADR	0.71%	25,108	$1.9M	Reduce -7.1%
COF Capital One Financial Corp.	0.69%	10,078	$1.8M	New
RTX RTX Corp.	0.69%	9,483	$1.8M	Add +0.0%
FFIV F5 Inc.	0.68%	6,188	$1.8M	Reduce -6.1%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	0.67%	18,101	$1.8M	New
HON Honeywell International Inc.	0.65%	7,649	$1.7M	Add +0.1%
PSX Phillips 66	0.65%	9,386	$1.7M	Add +0.2%
UPS United Parcel Service Class B	0.64%	17,353	$1.7M	Add +0.2%
KO The Coca-Cola Co.	0.63%	21,937	$1.7M	Reduce -1.3%
FAST Fastenal Co.	0.61%	35,109	$1.6M	Add +9.1%
XOM Exxon Mobil Corp.	0.61%	9,572	$1.6M	Add +0.3%
TWI Titan International Inc.	0.60%	231,929	$1.6M	Reduce -0.6%
ADM Archer-Daniels-Midland Co.	0.59%	21,546	$1.6M	Reduce -16.2%
SYY Sysco Corp.	0.58%	21,601	$1.5M	Reduce -0.3%
OWL Blue Owl Capital Inc.	0.57%	164,704	$1.5M	Add +656.5%
HD Home Depot Inc.	0.54%	4,383	$1.4M	Add +0.9%
CRM Salesforce Inc.	0.54%	7,712	$1.4M	Add +48.3%
CVX Chevron Corp.	0.53%	6,841	$1.4M	Add +0.2%
JNJ Johnson & Johnson	0.53%	5,783	$1.4M	Add +0.1%
MRP Millrose Properties	0.53%	49,830	$1.4M	Add +6.6%
FERG Ferguson Enterprises Inc.	0.53%	5,972	$1.4M	Reduce -0.8%
CNI Canadian Natl Railway Co.	0.52%	13,294	$1.4M	Reduce -8.5%
RWT Redwood Trust Inc.	0.51%	241,810	$1.4M	Reduce -1.6%
LDOS Leidos Holdings Inc.	0.51%	8,659	$1.3M	Reduce -4.1%
MSM MSC Industrial Direct Co. Class A	0.51%	14,503	$1.3M	Reduce -2.3%
ABM Abm Industries Inc.	0.50%	34,701	$1.3M	Add +0.0%
CALM Cal-Maine Foods Inc.	0.50%	16,575	$1.3M	Reduce -0.4%
VZ Verizon Communications Inc.	0.48%	25,467	$1.3M	Reduce -2.6%
AUB Atlantic Union Bankshares Co.	0.46%	34,202	$1.2M	Reduce -0.7%
GDEN Golden Entertainment Inc.	0.45%	44,960	$1.2M	Reduce -0.3%
QCOM Qualcomm Inc.	0.42%	8,572	$1.1M	No change
MUSA Murphy USA Inc.	0.41%	2,224	$1.1M	Reduce -0.7%
NEM Newmont Corp.	0.41%	10,000	$1.1M	No change
IVW iShares S&P 500 Growth ETF	0.39%	9,200	$1.0M	No change
BFS Saul Centers Inc. filed as SAUL CTRS INC	0.39%	31,792	$1.0M	Reduce -1.3%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.36%	9,388	$959K	Reduce -1.9%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.35%	10,194	$919K	Reduce -1.1%
TXRH Texas Roadhouse Inc.	0.33%	5,283	$872K	Reduce -1.0%
GPC Genuine Parts Co.	0.30%	7,406	$783K	Reduce -12.3%
ABT Abbott Laboratories	0.29%	7,577	$778K	No change
OHI Omega Healthcare Investors	0.29%	17,500	$767K	Reduce -1.2%
FTNT Fortinet Inc.	0.28%	9,204	$752K	No change
SPG Simon Property Group Inc.	0.28%	3,960	$739K	Add +0.6%
MDT Medtronic PLC	0.28%	8,451	$732K	Reduce -2.5%
GIS General Mills Inc.	0.28%	19,669	$732K	Reduce -0.5%
TRV The Travelers Cos Inc.	0.28%	2,507	$731K	No change
NVDA Nvidia Corp.	0.28%	4,178	$729K	Reduce -5.2%
SBGI Sinclair Inc.	0.27%	55,997	$725K	Add +0.5%
BAX Baxter International Inc.	0.27%	42,683	$717K	Reduce -8.8%
SO The Southern Co.	0.27%	7,293	$704K	Reduce -0.5%
KMI Kinder Morgan Inc.	0.26%	20,453	$686K	No change
HTLD Heartland Express Inc.	0.25%	64,831	$674K	Add +102.4%
NSA National Storage Affiliates	0.25%	17,500	$660K	No change
AMGN Amgen Inc.	0.25%	1,847	$650K	Reduce -0.1%
BMY Bristol-Myers Squibb Co.	0.24%	10,448	$634K	Reduce -0.4%
MKL Markel Group Inc.	0.23%	323	$617K	Add +0.3%
MRK Merck & Co. Inc.	0.23%	5,121	$616K	Add +0.0%
NFLX Netflix Inc.	0.23%	6,383	$614K	New
CBRL Cracker Barrel Old Country	0.23%	21,830	$614K	Reduce -0.3%
T AT&T Inc.	0.22%	20,103	$583K	Reduce -4.0%
BSET Bassett Furniture Inds	0.21%	40,117	$568K	Reduce -4.9%
LUV Southwest Airlines Co.	0.21%	15,094	$567K	Reduce -1.7%
CTRA Coterra Energy Inc.	0.21%	15,922	$559K	Reduce -75.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.21%	838	$545K	Add +0.2%
PRU Prudential Financial Inc.	0.19%	5,179	$506K	Reduce -1.5%
GLW Corning Inc.	0.19%	3,700	$503K	Add +0.0%
GOOD Gladstone Commercial Corp.	0.19%	43,953	$502K	Reduce -1.0%
SHEN Shenandoah Telecommunication	0.19%	32,330	$499K	Reduce -13.4%
PFE Pfizer Inc.	0.19%	17,742	$498K	Reduce -1.0%
AMZN Amazon.com Inc.	0.19%	2,390	$498K	Reduce -1.7%
BEPC Brookfield Renewable Corp.	0.19%	12,445	$496K	Reduce -0.3%
RNR Renaissancere Holdings Ltd.	0.18%	1,644	$489K	Reduce -3.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.18%	2,009	$487K	Add +3.9%
WDC Western Digital Corp.	0.18%	1,791	$484K	Reduce -8.3%
AYI Acuity Inc.	0.18%	1,720	$482K	No change
O Realty Income Corp.	0.18%	7,875	$482K	Reduce -0.3%
CMCSA Comcast Corp. Class A	0.18%	16,619	$477K	Reduce -1.2%
GOOG Alphabet Inc. Class C	0.17%	1,613	$463K	Reduce -2.0%
NVS Novartis AG-Sponsored ADR	0.17%	3,000	$458K	No change
D Dominion Energy Inc.	0.17%	7,400	$457K	Add +0.2%
KIM Kimco Realty Corp.	0.16%	19,110	$429K	Reduce -4.2%
DUK Duke Energy Corp.	0.16%	3,275	$429K	Reduce -4.0%
DOW Dow Inc. filed as DOW HLDGS INC	0.16%	10,000	$417K	No change
COIN Coinbase Global Inc. Class A	0.16%	2,371	$414K	No change
UNP Union Pacific Corp.	0.15%	1,683	$408K	Add +0.1%
INVH Invitation Homes Inc.	0.15%	16,397	$407K	Add +0.4%
BEP Brookfield Renewable Partner	0.15%	12,164	$397K	Add +0.8%
CTAS Cintas Corp.	0.14%	2,251	$381K	Add +1.9%
IOT Samsara Inc. Class A	0.14%	11,952	$379K	No change
FVD First Trust Value Line DVD	0.14%	7,848	$369K	Add +0.0%
PANW Palo Alto Networks Inc.	0.14%	2,290	$367K	No change
PG The Procter & Gamble Co.	0.14%	2,532	$366K	Reduce -2.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.14%	13,362	$365K	Reduce -4.4%
TSCO Tractor Supply Company	0.14%	7,988	$362K	Reduce -9.8%
WM Waste Management Inc.	0.13%	1,554	$357K	Add +1.2%
IP International Paper Co.	0.13%	10,000	$357K	No change
SNA Snap-on Inc.	0.13%	981	$356K	Reduce -2.3%
SNDK Sandisk Corp.	0.13%	558	$355K	New
LKQ LKQ Corp.	0.13%	11,602	$341K	New
WEC WEC Energy Group Inc.	0.13%	2,907	$337K	Add +0.3%
COP Conocophillips	0.12%	2,435	$321K	Reduce -16.9%
ADI Analog Devices Inc.	0.12%	1,008	$321K	Add +0.4%
ETN Eaton Corp. PLC	0.12%	895	$320K	Add +1.4%
WY Weyerhaeuser Co.	0.12%	13,102	$320K	Reduce -13.8%
RRX Regal Rexnord Corp.	0.12%	1,655	$310K	New
TSM Taiwan Semiconductor-SP ADR	0.12%	913	$309K	No change
GD General Dynamics Corp.	0.11%	864	$296K	Add +0.1%
ITW Illinois Tool Works	0.11%	1,112	$289K	Add +0.2%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND	0.11%	620	$287K	Add +0.3%
PWV Invesco Large Cap Value ETF	0.11%	4,095	$285K	No change
S Sentinelone Inc. Class A	0.10%	21,387	$275K	Reduce -20.5%
KSS Kohls Corp.	0.10%	21,142	$273K	Reduce -8.0%
VGT Vanguard Info Tech ETF	0.10%	389	$272K	No change
PM Philip Morris International	0.10%	1,621	$268K	Add +0.1%
DOCN Digitalocean Holdings Inc.	0.10%	3,064	$263K	New
CMI Cummins Inc.	0.10%	485	$261K	Reduce -21.3%
C Citigroup Inc.	0.10%	2,295	$260K	Add +0.0%
AFG American Financial Group Inc.	0.10%	2,000	$255K	No change
EVLV Evolv Technologies Holdings	0.09%	40,535	$245K	No change
AMH American Homes 4 Rent- A	0.09%	8,342	$233K	Add +1.1%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.09%	1,064	$231K	Add +1.0%
UBSI United Bankshares Inc.	0.09%	5,481	$227K	Reduce -4.1%
USB US Bancorp	0.09%	4,336	$226K	No change
YFYA Yields for You Income Strate	0.09%	23,055	$225K	No change
LEN Lennar Corp. Class A	0.08%	2,516	$218K	Add +0.2%
DLR Digital Realty Trust Inc.	0.08%	1,199	$216K	New
WFC Wells Fargo & Co.	0.08%	2,699	$215K	Add +0.0%
IJR iShares Core S&P Small-Cap E	0.08%	1,619	$201K	New
NEWT Newtekone Inc.	0.07%	16,723	$183K	Add +1.4%
UTZ Utz Brands Inc.	0.07%	22,341	$177K	Reduce -2.9%
PFLT Pennantpark Floating Rate Ca	0.06%	21,346	$172K	Add +2.1%
IDN Intellicheck Inc.	0.03%	11,926	$83K	No change
REDWOOD TRUST INC (RWT 7.75 06/15/27)	0.02%	45,000	$45K	New
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26)	0.01%	15,000	$15K	New

Portfolio Sells Q4 2025 → Q1 2026


AAPL Apple Inc.	Reduce -2.3%	3.56%	−0.59
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.1%	4.81%	−0.56
CTRA Coterra Energy Inc.	Reduce -75.9%	0.21%	−0.49
RYAAY Ryanair Holdings PLC-SP ADR	Reduce -0.6%	1.44%	−0.48
BAC Bank of America Corp.	Reduce -0.7%	1.53%	−0.32
AKRE Akre Focus ETF	Reduce -0.1%	0.99%	−0.32
LPLA LPL Financial Holdings Inc.	Reduce -1.0%	1.06%	−0.29
DEO Diageo PLC-Sponsored ADR	Reduce -7.1%	0.71%	−0.23
LDOS Leidos Holdings Inc.	Reduce -4.1%	0.51%	−0.15
GHC Graham Holdings Co. Class B	Reduce -0.6%	1.16%	−0.13
TWI Titan International Inc.	Reduce -0.6%	0.60%	−0.13
GPC Genuine Parts Co.	Reduce -12.3%	0.30%	−0.12
KVUE Kenvue Inc.	Sold out	0.00%	−0.11
RHP Ryman Hospitality Properties	Reduce -0.9%	1.06%	−0.11
GIS General Mills Inc.	Reduce -0.5%	0.28%	−0.09
BAX Baxter International Inc.	Reduce -8.8%	0.27%	−0.09
KSS Kohls Corp.	Reduce -8.0%	0.10%	−0.09
WAT Waters Corp.	Sold out	0.00%	−0.08
TROW T Rowe Price Group Inc.	Reduce -1.1%	0.35%	−0.08
BSET Bassett Furniture Inds	Reduce -4.9%	0.21%	−0.07
CNI Canadian Natl Railway Co.	Reduce -8.5%	0.52%	−0.06
SYY Sysco Corp.	Reduce -0.3%	0.58%	−0.06
S Sentinelone Inc. Class A	Reduce -20.5%	0.10%	−0.06
MDT Medtronic PLC	Reduce -2.5%	0.28%	−0.06
NVDA Nvidia Corp.	Reduce -5.2%	0.28%	−0.05
NAD Nuveen Quality Municipal Inc.	Sold out	0.00%	−0.05
PRU Prudential Financial Inc.	Reduce -1.5%	0.19%	−0.05
TSCO Tractor Supply Company	Reduce -9.8%	0.14%	−0.04
LUV Southwest Airlines Co.	Reduce -1.7%	0.21%	−0.04
GDEN Golden Entertainment Inc.	Reduce -0.3%	0.45%	−0.04
AMZN Amazon.com Inc.	Reduce -1.7%	0.19%	−0.04
CALM Cal-Maine Foods Inc.	Reduce -0.4%	0.50%	−0.04
RWT Redwood Trust Inc.	Reduce -1.6%	0.51%	−0.03
GOOG Alphabet Inc. Class C	Reduce -2.0%	0.17%	−0.03
UTZ Utz Brands Inc.	Reduce -2.9%	0.07%	−0.03
CMI Cummins Inc.	Reduce -21.3%	0.10%	−0.03
AUB Atlantic Union Bankshares Co.	Reduce -0.7%	0.46%	−0.03
TXRH Texas Roadhouse Inc.	Reduce -1.0%	0.33%	−0.03
OHI Omega Healthcare Investors	Reduce -1.2%	0.29%	−0.03
WY Weyerhaeuser Co.	Reduce -13.8%	0.12%	−0.02
CMCSA Comcast Corp. Class A	Reduce -1.2%	0.18%	−0.02
VICI Vici Properties Inc.	Reduce -4.4%	0.14%	−0.02
BFS Saul Centers Inc.	Reduce -1.3%	0.39%	−0.02
FERG Ferguson Enterprises Inc.	Reduce -0.8%	0.53%	−0.01
PG The Procter & Gamble Co.	Reduce -2.2%	0.14%	−0.01
RNR Renaissancere Holdings Ltd.	Reduce -3.2%	0.18%	−0.01
BEPC Brookfield Renewable Corp.	Reduce -0.3%	0.19%	−0.01
SNA Snap-on Inc.	Reduce -2.3%	0.13%	−0.00
DRI Darden Restaurants Inc.	Reduce -0.5%	0.76%	−0.00
UBSI United Bankshares Inc.	Reduce -4.1%	0.09%	−0.00

Portfolio Buys Q4 2025 → Q1 2026


COF Capital One Financial Corp.	New	0.69%	+0.69
BJ Bj's Wholesale Club Holdings	New	0.67%	+0.67
OCUL Ocular Therapeutix Inc.	Add +160.3%	1.38%	+0.57
AXP American Express Co.	Add +80.3%	1.76%	+0.49
VLO Valero Energy Corp.	Add +0.0%	1.59%	+0.48
OWL Blue Owl Capital Inc.	Add +656.5%	0.57%	+0.44
HQY Healthequity Inc.	Add +53.5%	1.53%	+0.37
NFLX Netflix Inc.	New	0.23%	+0.23
PSX Phillips 66	Add +0.2%	0.65%	+0.16
XOM Exxon Mobil Corp.	Add +0.3%	0.61%	+0.15
HTLD Heartland Express Inc.	Add +102.4%	0.25%	+0.14
SNDK Sandisk Corp.	New	0.13%	+0.13
LKQ LKQ Corp.	New	0.13%	+0.13
RRX Regal Rexnord Corp.	New	0.12%	+0.12
CVX Chevron Corp.	Add +0.2%	0.53%	+0.12
DOCN Digitalocean Holdings Inc.	New	0.10%	+0.10
FAST Fastenal Co.	Add +9.1%	0.61%	+0.10
DLR Digital Realty Trust Inc.	New	0.08%	+0.08
IJR iShares Core S&P Small-Cap E	New	0.08%	+0.08
GLW Corning Inc.	Add +0.0%	0.19%	+0.06
HON Honeywell International Inc.	Add +0.1%	0.65%	+0.05
JNJ Johnson & Johnson	Add +0.1%	0.53%	+0.05
BEP Brookfield Renewable Partner	Add +0.8%	0.15%	+0.02
REDWOOD TRUST INC (RWT 7.75 06/15/27)	New	0.02%	+0.02
MRK Merck & Co. Inc.	Add +0.0%	0.23%	+0.02
ADI Analog Devices Inc.	Add +0.4%	0.12%	+0.01
ETN Eaton Corp. PLC	Add +1.4%	0.12%	+0.01
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26)	New	0.01%	+0.01
WEC WEC Energy Group Inc.	Add +0.3%	0.13%	+0.00
ITW Illinois Tool Works	Add +0.2%	0.11%	−0.00
WM Waste Management Inc.	Add +1.2%	0.13%	−0.00
D Dominion Energy Inc.	Add +0.2%	0.17%	−0.00
UNP Union Pacific Corp.	Add +0.1%	0.15%	−0.00
PM Philip Morris International	Add +0.1%	0.10%	−0.00
GD General Dynamics Corp.	Add +0.1%	0.11%	−0.00
FVD First Trust Value Line DVD	Add +0.0%	0.14%	−0.01
NEWT Newtekone Inc.	Add +1.4%	0.07%	−0.01
RTX RTX Corp.	Add +0.0%	0.69%	−0.01
C Citigroup Inc.	Add +0.0%	0.10%	−0.01
CRM Salesforce Inc.	Add +48.3%	0.54%	−0.01
DIA SS SPDR Dow Jones Indus Avg	Add +0.3%	0.11%	−0.01
PFLT Pennantpark Floating Rate Ca	Add +2.1%	0.06%	−0.01
SPG Simon Property Group Inc.	Add +0.6%	0.28%	−0.01
AMH American Homes 4 Rent- A	Add +1.1%	0.09%	−0.02
MAR Marriott International Class A	Add +0.2%	2.78%	−0.02
WFC Wells Fargo & Co.	Add +0.0%	0.08%	−0.02
LEN Lennar Corp. Class A	Add +0.2%	0.08%	−0.02
AJG Arthur J Gallagher & Co.	Add +1.0%	0.09%	−0.02
CTAS Cintas Corp.	Add +1.9%	0.14%	−0.02
SPY SS SPDR S&P 500 ETF Trust-US	Add +0.2%	0.21%	−0.02

Notes & Other Activity Q4 2025 → Q1 2026


HAEMONETICS CORP (HAE 0 03/01/26)	NOTE 3/0 · principal	Sold out	78,000	$77Kbefore exit
REDWOOD TRUST INC (RWT 7.75 06/15/27)	NOTE 7.750% 6/1 · principal	Sold out	45,000	$45Kbefore exit
CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26)	NOTE 0.625% 6/1 · principal	Sold out	15,000	$15Kbefore 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	178	$318.5M	AMAT, BRK.B, AAPL, MSFT, CSTM
Q1 2026	171	$264.9M	AMAT, BRK.B, MSFT, AAPL, CSTM
Q4 2025	163	$249.1M	BRK.B, MSFT, AAPL, AMAT, MAR
Q3 2025	160	$244.3M	MSFT, BRK.B, AAPL, AMAT, MAR
Q2 2025	157	$231.8M	MSFT, BRK.B, AAPL, AMAT, INTU
Q1 2025	152	$211.5M	BRK.B, MSFT, AAPL, COST, AMAT
Q4 2024	150	$212.7M	BRK.B, MSFT, AAPL, MAR, AMAT
Q3 2024	149	$211.2M	BRK.B, MSFT, AAPL, MAR, COST
Q2 2024	148	$195.3M	MSFT, BRK.B, AAPL, CSTM, AMAT
Q1 2024	130	$175.3M	BRK.B, MSFT, AAPL, CSTM, INTU