Boyd Watterson Asset Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Boyd Watterson Asset Management LLC reported 388 stock positions worth $370.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 7.1% of the portfolio, followed by Alphabet Class A (GOOGL, 5.4%) and Microsoft (MSFT, 5.0%). Compared with Q1 2026, it opened 9 new positions, sold out of 6, added to 41 and reduced 67. The biggest buy was Advanced Micro Devices (AMD, shares +0%) and the biggest sale Exxon Mobil (XOM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- CLEVELAND, OH
- CIK
- 0001121477
- Portfolio Value
- $370.6M (Q2 2026)
- SEC Filing
- 0001121477-26-000005 ↗ filed Aug 7, 2026
Holdings Value
Holdings 388 stocks · $370.6M
| SPY SS SPDR S&P 500 ETF Trust-US | 7.10% | 35,240 | $26.3M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 5.37% | 55,659 | $19.9M | Reduce -0.5% |
| MSFT Microsoft Corp. | 4.99% | 49,544 | $18.5M | Add +0.5% |
| AVGO Broadcom Inc. | 4.59% | 44,995 | $17.0M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 3.21% | 36,309 | $11.9M | Reduce -1.9% |
| LLY Eli Lilly & Co. | 3.04% | 9,380 | $11.3M | Reduce -1.6% |
| CAT Caterpillar Inc. | 2.95% | 10,281 | $10.9M | Reduce -0.2% |
| ETN Eaton Corp. PLC | 2.90% | 25,202 | $10.7M | Add +1.3% |
| MDY State Street SPDR S&P Midcap | 2.65% | 13,936 | $9.8M | No change |
| AXP American Express Co. | 2.39% | 26,176 | $8.9M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 2.29% | 35,608 | $8.5M | Add +2.8% |
| AAPL Apple Inc. | 1.99% | 25,491 | $7.4M | Reduce -0.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.81% | 8,807 | $6.7M | Add +0.3% |
| XOM Exxon Mobil Corp. | 1.70% | 46,198 | $6.3M | Reduce -0.8% |
| C Citigroup Inc. | 1.68% | 44,384 | $6.2M | Add +4.7% |
| AMD Advanced Micro Devices | 1.66% | 10,570 | $6.1M | Add +0.1% |
| ABBV Abbvie Inc. | 1.60% | 23,588 | $5.9M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.56% | 16,380 | $5.8M | No change |
| JNJ Johnson & Johnson | 1.48% | 21,610 | $5.5M | Add +0.8% |
| VOO Vanguard S&P 500 ETF | 1.47% | 7,945 | $5.5M | No change |
| V Visa Inc. Class A | 1.41% | 15,177 | $5.2M | Add +0.7% |
| PH Parker Hannifin Corp. | 1.37% | 5,197 | $5.1M | No change |
| EEM iShares MSCI Emerging Market | 1.30% | 70,575 | $4.8M | Reduce -2.8% |
| NVDA Nvidia Corp. | 1.30% | 24,000 | $4.8M | Reduce -0.7% |
| MRK Merck & Co. Inc. | 1.23% | 35,559 | $4.6M | No change |
| IOO iShares Global 100 ETF | 1.17% | 31,630 | $4.3M | Reduce -8.8% |
| HON Honeywell International Inc. | 1.13% | 18,679 | $4.2M | Add +1.8% |
| HONA Honeywell Aerospace Inc. | 1.11% | 18,679 | $4.1M | Add +1.8% |
| QCOM Qualcomm Inc. | 1.03% | 20,712 | $3.8M | Add +25.4% |
| GS Goldman Sachs Group Inc. | 1.03% | 3,770 | $3.8M | Reduce -5.0% |
| IJR iShares Core S&P Small-Cap E | 0.95% | 23,850 | $3.5M | No change |
| LIN Linde PLC | 0.87% | 6,235 | $3.2M | Add +1.2% |
| SHOP Shopify Inc. Class A | 0.86% | 27,753 | $3.2M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.84% | 23,075 | $3.1M | Add +2.4% |
| EXPE Expedia Group Inc. | 0.79% | 11,444 | $2.9M | No change |
| CVX Chevron Corp. | 0.78% | 17,349 | $2.9M | Reduce -1.0% |
| TXN Texas Instruments Inc. | 0.77% | 9,600 | $2.9M | Add +1.4% |
| EFA iShares MSCI Eafe ETF | 0.70% | 25,045 | $2.6M | No change |
| EMR Emerson Electric Co. | 0.70% | 18,097 | $2.6M | Reduce -0.0% |
| ZBRA Zebra Technologies Corp. Class A | 0.69% | 9,709 | $2.6M | Add +13.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.68% | 8,980 | $2.5M | Add +21.5% |
| BMY Bristol-Myers Squibb Co. | 0.66% | 42,665 | $2.5M | No change |
| SCHD Schwab US DVD Equity ETF | 0.62% | 72,963 | $2.3M | No change |
| ORLY O'reilly Automotive Inc. | 0.52% | 21,093 | $1.9M | Reduce -0.2% |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 3,790 | $1.9M | No change |
| USHY iShares Broad Usd High Yield | 0.51% | 51,012 | $1.9M | Add +338.7% |
| PSX Phillips 66 | 0.51% | 11,152 | $1.9M | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.48% | 21,856 | $1.8M | No change |
| ABT Abbott Laboratories | 0.47% | 19,114 | $1.7M | No change |
| UNH Unitedhealth Group Inc. | 0.46% | 4,112 | $1.7M | Add +18.6% |
| CMI Cummins Inc. | 0.44% | 2,305 | $1.6M | Reduce -1.8% |
| TT Trane Technologies PLC | 0.42% | 3,160 | $1.6M | Reduce -0.5% |
| PPG PPG Industries Inc. | 0.41% | 12,628 | $1.5M | Add +22.3% |
| HD Home Depot Inc. | 0.41% | 4,331 | $1.5M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.40% | 10,108 | $1.5M | Reduce -53.8% |
| NEE Nextera Energy Inc. | 0.40% | 16,752 | $1.5M | No change |
| BDX Becton Dickinson and Co. | 0.39% | 9,519 | $1.4M | Add +1.6% |
| BKNG Booking Holdings Inc. | 0.38% | 7,950 | $1.4M | No change |
| KMB Kimberly-Clark Corp. | 0.38% | 12,899 | $1.4M | Add +0.9% |
| SCHW Schwab (charles) Corp. | 0.37% | 15,028 | $1.4M | No change |
| MBB iShares MBS ETF | 0.36% | 14,110 | $1.3M | Add +21.5% |
| MAS Masco Corp. | 0.36% | 16,196 | $1.3M | Add +7.7% |
| TGT Target Corp. | 0.36% | 10,088 | $1.3M | Add +3.7% |
| DE Deere & Co. | 0.34% | 2,000 | $1.3M | New |
| WAT Waters Corp. | 0.32% | 3,181 | $1.2M | Add +34.2% |
| TRV The Travelers Cos Inc. | 0.32% | 3,538 | $1.2M | No change |
| CRM Salesforce Inc. | 0.31% | 7,274 | $1.1M | Reduce -40.2% |
| TSLA Tesla Inc. | 0.31% | 2,695 | $1.1M | Add +22.8% |
| DELL Dell Technologies -C | 0.30% | 2,585 | $1.1M | Reduce -11.3% |
| CI The Cigna Group | 0.30% | 4,003 | $1.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 2,125 | $1.1M | No change |
| WMT Walmart Inc. | 0.28% | 9,251 | $1.0M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 0.28% | 8,834 | $1.0M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.28% | 1,100 | $1.0M | New |
| GEV GE Vernova Inc. | 0.27% | 863 | $1.0M | Reduce -3.9% |
| IEF iShares 7-10 Year Treasury B | 0.25% | 9,882 | $935K | Add +6.2% |
| NFLX Netflix Inc. | 0.25% | 13,020 | $930K | Add +0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.25% | 10,614 | $914K | No change |
| BA The Boeing Co. | 0.24% | 4,152 | $899K | No change |
| RTX RTX Corp. | 0.23% | 4,410 | $837K | Reduce -2.3% |
| DNP DNP Select Income Fund Inc. | 0.22% | 74,666 | $806K | Add +0.3% |
| SYF Synchrony Financial | 0.21% | 10,400 | $791K | No change |
| META Meta Platforms Inc. Class A | 0.21% | 1,353 | $762K | No change |
| PFF iShares Preferred & Income S | 0.20% | 24,846 | $758K | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 5,000 | $758K | No change |
| IJH iShares Core S&P Midcap ETF | 0.20% | 9,797 | $755K | No change |
| APD Air Products & Chemicals Inc. | 0.20% | 2,542 | $745K | Reduce -0.7% |
| USB US Bancorp | 0.20% | 12,085 | $730K | No change |
| CARR Carrier Global Corp. | 0.19% | 9,764 | $716K | Reduce -1.5% |
| REGN Regeneron Pharmaceuticals | 0.18% | 1,078 | $672K | Reduce -0.8% |
| SOLS Solstice Adv Materials Inc. | 0.18% | 7,544 | $668K | Add +0.5% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.18% | 12,313 | $655K | Add +6.1% |
| DHR Danaher Corp. | 0.16% | 3,175 | $605K | Reduce -1.2% |
| MA Mastercard Inc. Class A | 0.16% | 1,176 | $604K | No change |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 0.15% | 1,073 | $561K | No change |
| MRSH Marsh & McLennan Cos | 0.15% | 3,323 | $554K | Reduce -57.0% |
| PCTY Paylocity Holding Corp. | 0.15% | 5,150 | $538K | No change |
| SHEL Shell PLC-ADR | 0.14% | 6,526 | $506K | No change |
| OXY Occidental Petroleum Corp. | 0.13% | 10,000 | $486K | No change |
| BAC Bank of America Corp. | 0.13% | 8,307 | $473K | Reduce -3.0% |
Other holdings (6): bonds, preferreds, convertibles and warrants · $620K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NATIONAL RURAL UTIL COOP (NRUC 5.5 05/15/64 US) | PFD | 9,487 | $215K | No change |
| NEXTERA ENERGY CAPITAL (NEE 5.65 03/01/79 N) | PFD | 8,948 | $197K | No change |
| SOUTHERN CO (SO 4.2 10/15/60 C) | PFD | 10,100 | $171K | No change |
| AMERICAN FINANCIAL GROUP (AFG 5.875 03/30/59) | Common Stock | 751 | $15K | No change |
| KIMCO REALTY CORP (KIM 5.25 PERP M) | PFD | 655 | $13K | No change |
| GOLDMAN SACHS GROUP INC (GS F PERP D) | Preferred Stock | 500 | $9K | No change |
Total filed on the 13F, all lines: $371.2M.
Portfolio Sells Q1 2026 → Q2 2026
| XOM Exxon Mobil Corp. | Reduce -0.8% | 1.70% | −0.73 |
| PG The Procter & Gamble Co. | Reduce -53.8% | 0.40% | −0.57 |
| CRM Salesforce Inc. | Reduce -40.2% | 0.31% | −0.39 |
| CVX Chevron Corp. | Reduce -1.0% | 0.78% | −0.34 |
| MRSH Marsh & McLennan Cos | Reduce -57.0% | 0.15% | −0.26 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -55.6% | 0.11% | −0.17 |
| SHOP Shopify Inc. Class A | Reduce -0.3% | 0.86% | −0.16 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 3.21% | −0.14 |
| IOO iShares Global 100 ETF | Reduce -8.8% | 1.17% | −0.13 |
| PSX Phillips 66 | Reduce -0.8% | 0.51% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.1% | 7.10% | −0.10 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -61.7% | 0.04% | −0.09 |
| REGN Regeneron Pharmaceuticals | Reduce -0.8% | 0.18% | −0.08 |
| WMT Walmart Inc. | Reduce -1.6% | 0.28% | −0.08 |
| ORLY O'reilly Automotive Inc. | Reduce -0.2% | 0.52% | −0.08 |
| ETSY Etsy Inc. | Reduce -96.2% | 0.00% | −0.08 |
| AXP American Express Co. | Reduce -0.2% | 2.39% | −0.05 |
| RTX RTX Corp. | Reduce -2.3% | 0.23% | −0.04 |
| COP Conocophillips | Reduce -2.7% | 0.08% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -4.0% | 0.08% | −0.03 |
| MCK McKesson Corp. | Reduce -4.9% | 0.09% | −0.03 |
| EMR Emerson Electric Co. | Reduce -0.0% | 0.70% | −0.03 |
| APD Air Products & Chemicals Inc. | Reduce -0.7% | 0.20% | −0.03 |
| HD Home Depot Inc. | Reduce -0.3% | 0.41% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.02 |
| DHR Danaher Corp. | Reduce -1.2% | 0.16% | −0.02 |
| PFE Pfizer Inc. | Reduce -3.2% | 0.06% | −0.02 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.02 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -1.4% | 0.10% | −0.02 |
| COIN Coinbase Global Inc. Class A | Reduce -62.6% | 0.01% | −0.02 |
| MDT Medtronic PLC | Reduce -2.7% | 0.05% | −0.02 |
| BLK BlackRock Inc. | Reduce -4.9% | 0.08% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -68.8% | 0.01% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -1.6% | 0.12% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.3% | 0.07% | −0.01 |
| EXC Exelon Corp. | Reduce -4.3% | 0.04% | −0.01 |
| AMGN Amgen Inc. | Reduce -4.1% | 0.07% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -5.1% | 0.04% | −0.01 |
| LNC Lincoln National Corp. | Sold out | 0.00% | −0.01 |
| FAST Fastenal Co. | Reduce -3.0% | 0.07% | −0.01 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -4.3% | 0.04% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -5.0% | 1.03% | −0.00 |
| AAPL Apple Inc. | Reduce -0.1% | 1.99% | −0.00 |
| CSX CSX Corp. | Reduce -5.6% | 0.08% | −0.00 |
| BNDD Quadratic Deflation ETF | Reduce -37.6% | 0.00% | −0.00 |
| TFC Truist Financial Corp. | Reduce -5.0% | 0.03% | −0.00 |
| UNP Union Pacific Corp. | Reduce -51.5% | 0.00% | −0.00 |
| KVUE Kenvue Inc. | Reduce -1.7% | 0.05% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| AMD Advanced Micro Devices | Add +0.1% | 1.66% | +1.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.3% | 1.81% | +0.76 |
| QCOM Qualcomm Inc. | Add +25.4% | 1.03% | +0.38 |
| USHY iShares Broad Usd High Yield | Add +338.7% | 0.51% | +0.38 |
| DE Deere & Co. | New | 0.34% | +0.34 |
| COST Costco Wholesale Corp. | New | 0.28% | +0.28 |
| TXN Texas Instruments Inc. | Add +1.4% | 0.77% | +0.21 |
| C Citigroup Inc. | Add +4.7% | 1.68% | +0.20 |
| UNH Unitedhealth Group Inc. | Add +18.6% | 0.46% | +0.17 |
| ETN Eaton Corp. PLC | Add +1.3% | 2.90% | +0.16 |
| ZBRA Zebra Technologies Corp. Class A | Add +13.2% | 0.69% | +0.14 |
| IBM Intl Business Machines Corp. | Add +21.5% | 0.68% | +0.13 |
| CLOB Vaneck Aa-BB Clo ETF | New | 0.11% | +0.11 |
| WAT Waters Corp. | Add +34.2% | 0.32% | +0.10 |
| MAS Masco Corp. | Add +7.7% | 0.36% | +0.08 |
| PPG PPG Industries Inc. | Add +22.3% | 0.41% | +0.07 |
| AMZN Amazon.com Inc. | Add +2.8% | 2.29% | +0.07 |
| TSLA Tesla Inc. | Add +22.8% | 0.31% | +0.05 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +117.4% | 0.09% | +0.04 |
| TIP iShares Tips Bond ETF | New | 0.02% | +0.02 |
| MBB iShares MBS ETF | Add +21.5% | 0.36% | +0.02 |
| SOLS Solstice Adv Materials Inc. | Add +0.5% | 0.18% | +0.00 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.00% | +0.00 |
| MINT PIMCO Enhanced Short Maturit | New | 0.00% | +0.00 |
| CGDV Cap Group Dividend Value | New | 0.00% | +0.00 |
| CGUS Cap Group Core Equity | New | 0.00% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.00% | +0.00 |
| VTIP Vanguard Short-Term Tips | Add +69.2% | 0.01% | +0.00 |
| V Visa Inc. Class A | Add +0.7% | 1.41% | +0.00 |
| KMB Kimberly-Clark Corp. | Add +0.9% | 0.38% | +0.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +39.6% | 0.01% | +0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +17.2% | 0.05% | +0.00 |
| VCLT Vanguard Long-Term Corp. Bond | Add +15.8% | 0.08% | +0.00 |
| CCL Carnival Corp. Ltd. | Add +20.0% | 0.01% | +0.00 |
| PAYC Paycom Software Inc. | Add +7.8% | 0.12% | −0.00 |
| CMG Chipotle Mexican Grill Inc. | Add +1.2% | 0.08% | −0.00 |
| TGT Target Corp. | Add +3.7% | 0.36% | −0.01 |
| VMBS Vanguard Mortgage-Backed Sec | Add +6.5% | 0.10% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +5.5% | 0.11% | −0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +6.1% | 0.18% | −0.01 |
| DNP DNP Select Income Fund Inc. | Add +0.3% | 0.22% | −0.02 |
| IEF iShares 7-10 Year Treasury B | Add +6.2% | 0.25% | −0.02 |
| BDX Becton Dickinson and Co. | Add +1.6% | 0.39% | −0.06 |
| LIN Linde PLC | Add +1.2% | 0.87% | −0.07 |
| JNJ Johnson & Johnson | Add +0.8% | 1.48% | −0.13 |
| NFLX Netflix Inc. | Add +0.2% | 0.25% | −0.13 |
| HONA Honeywell Aerospace Inc. | Add +1.8% | 1.11% | −0.13 |
| PEP Pepsico Inc. | Add +2.4% | 0.84% | −0.23 |
| MSFT Microsoft Corp. | Add +0.5% | 4.99% | −0.63 |
| HON Honeywell International Inc. | Add +1.8% | 1.13% | −1.43 |
Notes & Other Activity Q1 2026 → Q2 2026
| REINSURANCE GRP OF AMER (RGA V5.75 06/15/56) | PFD | Sold out | 2,366 | $59Kbefore 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 | 388 | $370.6M | SPY, GOOGL, MSFT, AVGO, JPM |
| Q1 2026 | 383 | $324.9M | SPY, MSFT, GOOGL, AVGO, JPM |
| Q4 2025 | 398 | $345.6M | SPY, MSFT, GOOGL, AVGO, JPM |
| Q3 2025 | 394 | $334.8M | MSFT, SPY, AVGO, GOOGL, JPM |
| Q2 2025 | 399 | $314.8M | MSFT, SPY, AVGO, GOOGL, JPM |
| Q1 2025 | 403 | $309.3M | SPY, MSFT, IGSB, GOOGL, JPM |
| Q4 2024 | 407 | $356.1M | IGSB, SPY, MSFT, IGIB, AVGO |
| Q3 2024 | 409 | $361.0M | IGSB, IGIB, SPY, MSFT, VCLT |
| Q2 2024 | 413 | $346.3M | IGSB, IGIB, MSFT, SPY, VCLT |
| Q1 2024Amended | 411 | $274.9M | SPY, MSFT, LLY, AVGO, GOOGL |