Brown, Lisle/Cummings, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Brown, Lisle/Cummings, Inc. reported 742 stock positions worth $405.9 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.3% of the portfolio, followed by Alphabet Class A (GOOGL, 4.1%) and Microsoft (MSFT, 3.5%). Compared with Q3 2025, it opened 7 new positions, sold out of 27, added to 120 and reduced 102. The biggest buy was Alphabet Class A (GOOGL, shares +2%) and the biggest sale Fiserv (FISV, shares −67%).
- Most Recent 13F
- Q2 2026
- Location
- PROVIDENCE, RI
- CIK
- 0000014745
- Portfolio Value
- $405.9M (Q4 2025)
- SEC Filing
- 0000014745-26-000001 ↗ filed Jan 23, 2026
Holdings Value
Holdings 742 stocks · $405.9M
| SPY SS SPDR S&P 500 ETF Trust-US | 4.32% | 25,700 | $17.5M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 4.11% | 53,233 | $16.7M | Add +2.0% |
| MSFT Microsoft Corp. | 3.55% | 29,775 | $14.4M | Add +1.2% |
| AAPL Apple Inc. | 3.33% | 49,651 | $13.5M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 3.07% | 53,977 | $12.5M | Add +6.2% |
| ICE Intercontinental Exchange Inc. | 2.68% | 67,093 | $10.9M | Add +6.0% |
| GOOG Alphabet Inc. Class C | 2.36% | 30,569 | $9.6M | Reduce -2.3% |
| JPM JPMorgan Chase & Co. | 1.97% | 24,781 | $8.0M | Add +12.2% |
| AMGN Amgen Inc. | 1.93% | 23,934 | $7.8M | Add +5.4% |
| BSX Boston Scientific Corp. | 1.75% | 74,443 | $7.1M | Reduce -1.2% |
| ABBV Abbvie Inc. | 1.61% | 28,579 | $6.5M | Add +1.9% |
| ACN Accenture PLC Class A | 1.60% | 24,221 | $6.5M | Add +0.5% |
| META Meta Platforms Inc. Class A | 1.55% | 9,506 | $6.3M | Add +9.5% |
| CNI Canadian Natl Railway Co. | 1.33% | 54,778 | $5.4M | Add +11.8% |
| NVDA Nvidia Corp. | 1.30% | 28,251 | $5.3M | Reduce -0.9% |
| CMI Cummins Inc. | 1.29% | 10,274 | $5.2M | Add +20.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.29% | 10,395 | $5.2M | Add +0.7% |
| TMO Thermo Fisher Scientific Inc. | 1.23% | 8,581 | $5.0M | Add +26.1% |
| BX Blackstone Inc. | 1.14% | 30,130 | $4.6M | Add +9.0% |
| LHX L3HARRIS Technologies Inc. | 1.11% | 15,294 | $4.5M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.11% | 49,096 | $4.5M | Reduce -30.7% |
| VEEV Veeva Systems Inc. Class A | 1.03% | 18,763 | $4.2M | Add +2.9% |
| ARCC Ares Capital Corp. | 0.98% | 196,275 | $4.0M | Add +35.0% |
| NFLX Netflix Inc. | 0.97% | 41,984 | $3.9M | Reduce -2.9% |
| VRT Vertiv Holdings Co. Class A | 0.97% | 24,187 | $3.9M | Add +2.9% |
| ECL Ecolab Inc. | 0.94% | 14,574 | $3.8M | Add +13.9% |
| MRSH Marsh & McLennan Cos | 0.93% | 20,348 | $3.8M | Add +0.0% |
| XOM Exxon Mobil Corp. | 0.93% | 31,295 | $3.8M | Add +2.6% |
| WPC WP Carey Inc. | 0.88% | 55,794 | $3.6M | Add +4.1% |
| LLY Eli Lilly & Co. | 0.88% | 3,320 | $3.6M | No change |
| MRK Merck & Co. Inc. | 0.85% | 32,887 | $3.5M | Add +0.7% |
| HON Honeywell International Inc. | 0.77% | 16,016 | $3.1M | Add +1.8% |
| V Visa Inc. Class A | 0.76% | 8,776 | $3.1M | No change |
| DE Deere & Co. | 0.76% | 6,588 | $3.1M | Add +43.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.74% | 59,095 | $3.0M | Add +7.7% |
| SUB iShares Short-Term National | 0.73% | 27,927 | $3.0M | Reduce -25.0% |
| RTX RTX Corp. | 0.72% | 15,890 | $2.9M | Add +2.5% |
| COST Costco Wholesale Corp. | 0.71% | 3,326 | $2.9M | Reduce -2.9% |
| TXN Texas Instruments Inc. | 0.69% | 16,244 | $2.8M | No change |
| JNJ Johnson & Johnson | 0.69% | 13,582 | $2.8M | Add +3.7% |
| TSLA Tesla Inc. | 0.66% | 5,965 | $2.7M | Add +14.6% |
| IWF iShares Russell 1000 Growth | 0.64% | 5,497 | $2.6M | No change |
| CVX Chevron Corp. | 0.61% | 16,327 | $2.5M | Add +2.9% |
| SYK Stryker Corp. | 0.60% | 6,876 | $2.4M | No change |
| XLI SS Industrial Select Sector | 0.59% | 15,448 | $2.4M | No change |
| PANW Palo Alto Networks Inc. | 0.55% | 12,212 | $2.2M | Reduce -1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.53% | 38,897 | $2.1M | Add +2.0% |
| SCHW Schwab (charles) Corp. | 0.48% | 19,344 | $1.9M | Add +1.2% |
| SYY Sysco Corp. | 0.46% | 25,533 | $1.9M | Reduce -0.3% |
| MINT PIMCO Enhanced Short Maturit | 0.46% | 18,474 | $1.9M | Reduce -36.3% |
| CL Colgate-Palmolive Co. | 0.46% | 23,414 | $1.9M | Add +5.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.45% | 5,755 | $1.8M | No change |
| PEP Pepsico Inc. | 0.44% | 12,436 | $1.8M | Add +16.6% |
| CSCO Cisco Systems Inc. | 0.43% | 22,723 | $1.8M | Reduce -1.5% |
| LMT Lockheed Martin Corp. | 0.42% | 3,565 | $1.7M | Add +1.7% |
| VHT Vanguard Health Care ETF | 0.42% | 5,885 | $1.7M | Add +29.9% |
| SPYI Neos S&P 500 High Income ETF | 0.41% | 32,000 | $1.7M | Add +13.5% |
| EFAA Invesco MSCI Eafe Income Adv | 0.41% | 30,839 | $1.7M | Add +12.6% |
| PFE Pfizer Inc. | 0.41% | 66,837 | $1.7M | Add +3.6% |
| NOC Northrop Grumman Corp. | 0.41% | 2,905 | $1.7M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 4,759 | $1.6M | Add +0.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.39% | 21,555 | $1.6M | Add +0.6% |
| ISRG Intuitive Surgical Inc. | 0.38% | 2,734 | $1.5M | Add +4.2% |
| CFG Citizens Financial Group | 0.38% | 26,063 | $1.5M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.37% | 10,561 | $1.5M | Reduce -4.3% |
| CAT Caterpillar Inc. | 0.37% | 2,633 | $1.5M | Add +2.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.37% | 18,718 | $1.5M | Add +4.5% |
| SHOP Shopify Inc. Class A | 0.36% | 9,100 | $1.5M | Add +12.0% |
| MMM 3M Co. | 0.36% | 9,076 | $1.5M | Add +2.3% |
| KO The Coca-Cola Co. | 0.34% | 19,783 | $1.4M | Add +4.0% |
| WASH Washington Trust Bancorp | 0.34% | 46,478 | $1.4M | Add +13.6% |
| IJH iShares Core S&P Midcap ETF | 0.34% | 20,708 | $1.4M | No change |
| GLW Corning Inc. | 0.33% | 15,500 | $1.4M | Add +1.2% |
| CSX CSX Corp. | 0.33% | 36,853 | $1.3M | Reduce -0.9% |
| PLTR Palantir Technologies Inc. Class A | 0.33% | 7,492 | $1.3M | Add +9.9% |
| TR Tootsie Roll Inds | 0.33% | 36,281 | $1.3M | Reduce -0.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.33% | 12,920 | $1.3M | Reduce -16.1% |
| VZ Verizon Communications Inc. | 0.32% | 32,158 | $1.3M | Add +5.4% |
| WAT Waters Corp. | 0.32% | 3,445 | $1.3M | Add +138.4% |
| CRM Salesforce Inc. | 0.32% | 4,902 | $1.3M | Reduce -9.5% |
| NEE Nextera Energy Inc. | 0.31% | 15,682 | $1.3M | Reduce -1.4% |
| MSA Msa Safety Inc. | 0.31% | 7,775 | $1.2M | Add +100.7% |
| BMY Bristol-Myers Squibb Co. | 0.31% | 23,011 | $1.2M | Add +10.1% |
| T AT&T Inc. | 0.31% | 49,868 | $1.2M | Add +9.7% |
| XLP SS Consumer Staples Sel Sect | 0.30% | 15,708 | $1.2M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.29% | 1,106 | $1.2M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.29% | 16,780 | $1.2M | No change |
| PNC PNC Financial Services Group | 0.27% | 5,283 | $1.1M | No change |
| FDX FedEx Corp. | 0.27% | 3,804 | $1.1M | Reduce -1.7% |
| VGT Vanguard Info Tech ETF | 0.27% | 1,445 | $1.1M | Add +1.4% |
| CVS CVS Health Corp. | 0.27% | 13,604 | $1.1M | Add +5.7% |
| QCOM Qualcomm Inc. | 0.25% | 6,025 | $1.0M | Reduce -4.2% |
| TOL Toll Brothers Inc. | 0.25% | 7,600 | $1.0M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.25% | 5,307 | $1.0M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.25% | 1,649 | $1.0M | No change |
| XLB SS Materials Select Sector | 0.25% | 22,302 | $1.0M | No change |
| NTR Nutrien Ltd. | 0.24% | 15,832 | $977K | Add +7.1% |
| GD General Dynamics Corp. | 0.24% | 2,885 | $971K | Reduce -1.1% |
| ADP Automatic Data Processing | 0.23% | 3,677 | $946K | No change |
| ENB Enbridge Inc. | 0.23% | 19,711 | $943K | Add +7.2% |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Reduce -66.9% | 0.12% | −0.60 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -30.7% | 1.11% | −0.56 |
| NFLX Netflix Inc. | Reduce -2.9% | 0.97% | −0.36 |
| MINT PIMCO Enhanced Short Maturit | Reduce -36.3% | 0.46% | −0.29 |
| SUB iShares Short-Term National | Reduce -25.0% | 0.73% | −0.29 |
| BSX Boston Scientific Corp. | Reduce -1.2% | 1.75% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -2.9% | 0.71% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.6% | 4.32% | −0.10 |
| PANW Palo Alto Networks Inc. | Reduce -1.2% | 0.55% | −0.09 |
| TROW T Rowe Price Group Inc. | Reduce -16.1% | 0.33% | −0.08 |
| SYY Sysco Corp. | Reduce -0.3% | 0.46% | −0.08 |
| NVDA Nvidia Corp. | Reduce -0.9% | 1.30% | −0.07 |
| TR Tootsie Roll Inds | Reduce -0.4% | 0.33% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -4.3% | 0.37% | −0.06 |
| ONEY SS SPDR R1000 Yield Foc ETF | Reduce -27.6% | 0.14% | −0.06 |
| DD Dupont DE Nemours Inc. | Reduce -17.1% | 0.03% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -9.5% | 0.21% | −0.04 |
| SWK Stanley Black & Decker Inc. | Reduce -11.5% | 0.22% | −0.04 |
| DOW Dow Inc. | Reduce -25.0% | 0.09% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -10.6% | 0.11% | −0.03 |
| K Kellanova | Sold out | 0.00% | −0.03 |
| ZTS Zoetis Inc. | Reduce -16.4% | 0.05% | −0.02 |
| BNY Bank of New York Mellon Corp. | Reduce -11.4% | 0.20% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -73.2% | 0.01% | −0.02 |
| VRP Invesco Variable Rate Prefer | Reduce -10.6% | 0.11% | −0.02 |
| INTC Intel Corp. | Reduce -19.6% | 0.11% | −0.02 |
| PPG PPG Industries Inc. | Reduce -22.4% | 0.04% | −0.02 |
| GD General Dynamics Corp. | Reduce -1.1% | 0.24% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.6% | 0.20% | −0.02 |
| JHX James Hardie Ind PLC | Reduce -38.6% | 0.03% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -4.2% | 0.25% | −0.01 |
| Q Qnity Electronics Inc. | Reduce -31.0% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -3.4% | 0.11% | −0.01 |
| STT State Street Corp. | Reduce -31.0% | 0.04% | −0.01 |
| CCI Crown Castle Inc. | Reduce -22.9% | 0.02% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -26.2% | 0.03% | −0.01 |
| ES Eversource Energy | Reduce -13.1% | 0.04% | −0.01 |
| CSX CSX Corp. | Reduce -0.9% | 0.33% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -2.4% | 0.14% | −0.01 |
| TEL Te Connectivity PLC | Reduce -56.7% | 0.01% | −0.01 |
| CNX CNX Resources Corp. | Reduce -31.6% | 0.03% | −0.01 |
| CRM Salesforce Inc. | Reduce -9.5% | 0.32% | −0.01 |
| CAG Conagra Brands Inc. | Reduce -36.8% | 0.01% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -69.0% | 0.00% | −0.01 |
| EL Estee Lauder Companies Class A | Reduce -87.2% | 0.00% | −0.01 |
| SOLS Solstice Adv Materials Inc. | Reduce -15.1% | 0.04% | −0.01 |
| FALN iShares Fallen Angels ETF | Sold out | 0.00% | −0.01 |
| RYN Rayonier Inc. | Reduce -35.6% | 0.01% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -14.0% | 0.04% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -3.7% | 0.15% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +2.0% | 4.11% | +0.85 |
| TMO Thermo Fisher Scientific Inc. | Add +26.1% | 1.23% | +0.38 |
| CMI Cummins Inc. | Add +20.7% | 1.29% | +0.37 |
| AMGN Amgen Inc. | Add +5.4% | 1.93% | +0.28 |
| DE Deere & Co. | Add +43.6% | 0.76% | +0.22 |
| ARCC Ares Capital Corp. | Add +35.0% | 0.98% | +0.22 |
| WAT Waters Corp. | Add +138.4% | 0.32% | +0.21 |
| AMZN Amazon.com Inc. | Add +6.2% | 3.07% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +12.2% | 1.97% | +0.18 |
| INTU Intuit Inc. | Add +239.2% | 0.23% | +0.16 |
| MRK Merck & Co. Inc. | Add +0.7% | 0.85% | +0.15 |
| CNI Canadian Natl Railway Co. | Add +11.8% | 1.33% | +0.15 |
| MSA Msa Safety Inc. | Add +100.7% | 0.31% | +0.14 |
| VHT Vanguard Health Care ETF | Add +29.9% | 0.42% | +0.12 |
| ISRG Intuitive Surgical Inc. | Add +4.2% | 0.38% | +0.08 |
| ACN Accenture PLC Class A | Add +0.5% | 1.60% | +0.08 |
| JNJ Johnson & Johnson | Add +3.7% | 0.69% | +0.07 |
| TSLA Tesla Inc. | Add +14.6% | 0.66% | +0.07 |
| BMY Bristol-Myers Squibb Co. | Add +10.1% | 0.31% | +0.06 |
| FLS Flowserve Corp. | Add +2366.7% | 0.06% | +0.06 |
| EMR Emerson Electric Co. | Add +40.4% | 0.23% | +0.06 |
| CAT Caterpillar Inc. | Add +2.3% | 0.37% | +0.06 |
| PEP Pepsico Inc. | Add +16.6% | 0.44% | +0.06 |
| VRT Vertiv Holdings Co. Class A | Add +2.9% | 0.97% | +0.06 |
| RTX RTX Corp. | Add +2.5% | 0.72% | +0.05 |
| SHOP Shopify Inc. Class A | Add +12.0% | 0.36% | +0.05 |
| XOM Exxon Mobil Corp. | Add +2.6% | 0.93% | +0.05 |
| ECL Ecolab Inc. | Add +13.9% | 0.94% | +0.04 |
| PKG Packaging Corp. of America | Add +133.3% | 0.08% | +0.04 |
| FSLR First Solar Inc. | Add +3250.0% | 0.04% | +0.04 |
| MCD McDonald's Corp. | Add +29.6% | 0.20% | +0.04 |
| EFAA Invesco MSCI Eafe Income Adv | Add +12.6% | 0.41% | +0.04 |
| SPYI Neos S&P 500 High Income ETF | Add +13.5% | 0.41% | +0.04 |
| WASH Washington Trust Bancorp | Add +13.6% | 0.34% | +0.04 |
| OLN Olin Corp. | Add +128.0% | 0.07% | +0.03 |
| UPS United Parcel Service Class B | Add +4.4% | 0.21% | +0.03 |
| GBTC Grayscale Bitcoin Trust ETF | Add +713.0% | 0.04% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +62.0% | 0.14% | +0.03 |
| HAS Hasbro Inc. | Add +25.4% | 0.12% | +0.03 |
| ICLN iShares Global Clean Energy | Add +124.4% | 0.04% | +0.02 |
| NDAQ Nasdaq Inc. | Add +6.4% | 0.21% | +0.02 |
| BAC Bank of America Corp. | Add +2.0% | 0.53% | +0.02 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +50.0% | 0.07% | +0.02 |
| NTR Nutrien Ltd. | Add +7.1% | 0.24% | +0.02 |
| KO The Coca-Cola Co. | Add +4.0% | 0.34% | +0.02 |
| CVS CVS Health Corp. | Add +5.7% | 0.27% | +0.02 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +8.8% | 0.19% | +0.02 |
| URNM Sprott Uranium Miners ETF | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +60.8% | 0.21% | +0.01 |
| GLW Corning Inc. | Add +1.2% | 0.33% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 1,276 | $100before 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 | 1,053 | $445.8M | SPY, GOOGL, AAPL, AMZN, MSFT |
| Q1 2026 | 1,020 | $400.4M | SPY, GOOGL, AAPL, AMZN, MSFT |
| Q4 2025 | 742 | $405.9M | SPY, GOOGL, MSFT, AAPL, AMZN |
| Q3 2025 | 759 | $389.6M | SPY, MSFT, AAPL, GOOGL, AMZN |
| Q2 2025 | 772 | $375.8M | SPY, MSFT, ICE, AMZN, AAPL |
| Q1 2025 | 784 | $345.0M | SPY, AAPL, MSFT, ICE, AMZN |
| Q4 2024 | 638 | $335.1M | SPY, MSFT, AAPL, AMZN, GOOGL |
| Q3 2024 | 619 | $329.1M | SPY, MSFT, AAPL, ICE, ACN |
| Q2 2024 | 613 | $306.9M | SPY, MSFT, AAPL, GOOGL, ICE |
| Q1 2024 | 558 | $294.4M | SPY, MSFT, AAPL, ACN, ICE |