Capital Investment Services of America, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Capital Investment Services of America, Inc. reported 81 stock positions worth $1.1 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Alphabet Class C (GOOG, 5.7%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it sold out of 3, added to 17 and reduced 46. The biggest buy was Vanguard Short Tax-Ex Bond (VSDM, shares +50%) and the biggest sale Oracle (ORCL, shares −10%).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0000811360
Portfolio Value
$1.1B (Q4 2025)
SEC Filing
0000811360-26-000002 ↗ filed Jan 29, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $986.8M Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.1B $1.1B Q4 2025 Q1 2026: $957.7M Q1 2026 Q2 2026: $1.0B Q2 2026

Holdings 81 stocks · $1.1B
NVDA Nvidia Corp. 6.46% 366,850 $68.4M Reduce -5.1%
GOOG Alphabet Inc. Class C 5.73% 193,402 $60.7M Reduce -6.1%
MSFT Microsoft Corp. 5.02% 109,990 $53.2M Reduce -4.1%
VCSH Vanguard S/T Corp. Bond ETF 4.93% 654,689 $52.2M Add +1.4%
ORCL Oracle Corp. 3.52% 191,652 $37.4M Reduce -10.2%
PTC PTC Inc. 3.02% 183,750 $32.0M Reduce -3.3%
WAB Wabtec Corp. 2.96% 147,023 $31.4M Reduce -1.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.88% 198,945 $30.6M Reduce -4.0%
DHR Danaher Corp. 2.87% 132,819 $30.4M Reduce -2.5%
ECL Ecolab Inc. 2.83% 114,092 $30.0M Reduce -2.3%
AMZN Amazon.com Inc. 2.83% 129,755 $30.0M Reduce -1.9%
BKNG Booking Holdings Inc. 2.70% 5,350 $28.7M Reduce -0.9%
QCOM Qualcomm Inc. 2.61% 161,952 $27.7M Reduce -3.3%
RMD Resmed Inc. 2.61% 114,692 $27.6M Reduce -2.7%
NOW ServiceNow Inc. 2.60% 180,159 $27.6M Reduce -1.4%
SYK Stryker Corp. 2.50% 75,371 $26.5M Reduce -2.0%
IDXX Idexx Laboratories Inc. 2.45% 38,371 $26.0M Reduce -3.5%
SSNC Ss&c Technologies Holdings 2.29% 278,129 $24.3M Reduce -4.5%
TYL Tyler Technologies Inc. 2.27% 53,064 $24.1M Reduce -0.6%
APG Api Group Corp. 2.21% 610,935 $23.4M Reduce -1.3%
CPAY Corpay Inc. 2.20% 77,604 $23.4M Reduce -0.1%
SNOW Snowflake Inc. 2.09% 101,136 $22.2M Reduce -0.6%
ROP Roper Technologies Inc. 1.99% 47,457 $21.1M Reduce -0.0%
ADBE Adobe Inc. 1.92% 58,128 $20.3M Reduce -4.1%
VEEV Veeva Systems Inc. Class A 1.74% 82,820 $18.5M Add +1.3%
VGSH Vanguard Short-Term Treasury 1.74% 314,665 $18.5M Add +19.4%
VSDM Vanguard Short Tax-Ex Bond 1.72% 237,731 $18.2M Add +50.0%
IEI iShares 3-7 Year Treasury Bo 1.66% 147,324 $17.6M Add +0.1%
VGIT Vanguard Intermediate-Term T 1.63% 288,068 $17.3M Add +2.9%
SBUX Starbucks Corp. 1.44% 181,262 $15.3M Reduce -1.6%
ITW Illinois Tool Works 1.41% 60,859 $15.0M Reduce -5.7%
GOOGL Alphabet Inc. Class A 1.27% 43,156 $13.5M Reduce -2.1%
FISV Fiserv Inc. 1.27% 200,726 $13.5M Reduce -16.1%
ILMN Illumina Inc. 1.21% 97,644 $12.8M Add +4.5%
SHY iShares 1-3 Year Treasury Bo 1.13% 145,050 $12.0M Add +0.9%
PWR Quanta Services Inc. 0.99% 24,794 $10.5M Add +59.1%
ZBRA Zebra Technologies Corp. Class A 0.94% 40,946 $9.9M Reduce -31.7%
SNPS Synopsys Inc. 0.79% 17,710 $8.3M Reduce -43.5%
VTES Vanguard SH Term Tax-Ex Bond 0.73% 76,420 $7.8M Add +0.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.62% 124,431 $6.6M Reduce -1.4%
MUB iShares National Muni Bond E 0.55% 54,629 $5.9M No change
FAST Fastenal Co. 0.50% 131,991 $5.3M Reduce -3.9%
BND Vanguard Total Bond Market 0.48% 69,320 $5.1M Reduce -7.3%
AME Ametek Inc. 0.46% 23,634 $4.9M No change
PYPL PayPal Holdings Inc. 0.42% 76,327 $4.5M Reduce -13.5%
VUSB Vanguard Ultra Short Bond Et 0.37% 79,475 $4.0M Reduce -0.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.37% 78,725 $4.0M Reduce -17.1%
VGUS Vanguard Ultra SHRT Treasury 0.25% 35,315 $2.7M Add +62.2%
VBIL Vanguard 0-3M T-Bill ETF 0.22% 30,270 $2.3M Add +20.7%
FTV Fortive Corp. 0.19% 36,996 $2.0M Reduce -12.2%
VCRM Vanguard Core Tax-Ex Bond 0.19% 26,140 $2.0M Add +51.1%
AAPL Apple Inc. 0.18% 7,194 $2.0M Reduce -9.6%
ADP Automatic Data Processing 0.18% 7,512 $1.9M No change
BIV Vanguard Intermediate-Term B 0.17% 22,965 $1.8M Reduce -9.3%
GVI iShares Intermediate Governm 0.16% 15,475 $1.7M Reduce -15.1%
SPSB SS SPDR P St C Corp. ETF 0.13% 46,747 $1.4M Reduce -0.1%
AXON Axon Enterprise Inc. 0.13% 2,477 $1.4M Add +184.1%
JNJ Johnson & Johnson 0.13% 6,417 $1.3M Reduce -0.8%
VLTO Veralto Corp. 0.12% 12,605 $1.3M Reduce -9.3%
IVV iShares Core S&P 500 ETF 0.09% 1,351 $925K Add +6.9%
BRK.B Berkshire Hathaway Inc. Class B 0.08% 1,717 $863K Add +5.8%
SUB iShares Short-Term National 0.07% 6,750 $720K No change
ALC Alcon Inc. filed as ALCON AG 0.07% 9,054 $714K No change
VOO Vanguard S&P 500 ETF 0.06% 1,079 $677K Add +10.6%
FLOT iShares Floating Rate Bond E 0.06% 11,842 $602K Reduce -33.6%
RAL Ralliant Corp. 0.05% 11,436 $582K Reduce -19.1%
VTIP Vanguard Short-Term Tips 0.05% 10,673 $528K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 1,077 $525K Reduce -11.4%
PEP Pepsico Inc. 0.05% 3,486 $500K No change
ABBV Abbvie Inc. 0.05% 2,145 $490K No change
VTI VG Morningstar TS MKT ETF-US 0.04% 1,270 $426K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 1,912 $365K No change
FDS Factset Research Systems Inc. 0.03% 1,250 $363K No change
MCD McDonald's Corp. 0.03% 1,112 $340K No change
AVGO Broadcom Inc. 0.03% 960 $332K No change
ABT Abbott Laboratories 0.03% 2,584 $324K Reduce -1.5%
WEC WEC Energy Group Inc. 0.03% 2,586 $273K No change
JPM JPMorgan Chase & Co. 0.02% 751 $242K No change
V Visa Inc. Class A 0.02% 685 $240K No change
SCHX Schwab US Large-Cap ETF 0.02% 8,670 $233K No change
VB Vanguard Most SM-Cap ETF-Usd 0.02% 800 $206K No change

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -10.2% 3.52% −1.81
FISV Fiserv Inc. Reduce -16.1% 1.27% −1.47
ZBRA Zebra Technologies Corp. Class A Reduce -31.7% 0.94% −0.64
SNPS Synopsys Inc. Reduce -43.5% 0.79% −0.59
PTC PTC Inc. Reduce -3.3% 3.02% −0.41
NOW ServiceNow Inc. Reduce -1.4% 2.60% −0.38
MSFT Microsoft Corp. Reduce -4.1% 5.02% −0.26
RMD Resmed Inc. Reduce -2.7% 2.61% −0.26
TYL Tyler Technologies Inc. Reduce -0.6% 2.27% −0.21
ROP Roper Technologies Inc. Reduce -0.0% 1.99% −0.11
PYPL PayPal Holdings Inc. Reduce -13.5% 0.42% −0.10
FAST Fastenal Co. Reduce -3.9% 0.50% −0.10
ITW Illinois Tool Works Reduce -5.7% 1.41% −0.08
VTEB Vanguard Tax-Exempt Bond ETF Reduce -17.1% 0.37% −0.05
HD Home Depot Inc. Sold out 0.00% −0.03
SYK Stryker Corp. Reduce -2.0% 2.50% −0.03
FLOT iShares Floating Rate Bond E Reduce -33.6% 0.06% −0.02
MA Mastercard Inc. Class A Sold out 0.00% −0.02
MCK McKesson Corp. Sold out 0.00% −0.02
GVI iShares Intermediate Governm Reduce -15.1% 0.16% −0.02
ECL Ecolab Inc. Reduce -2.3% 2.83% −0.02
VLTO Veralto Corp. Reduce -9.3% 0.12% −0.01
BND Vanguard Total Bond Market Reduce -7.3% 0.48% −0.01
BIV Vanguard Intermediate-Term B Reduce -9.3% 0.17% −0.01
SSNC Ss&c Technologies Holdings Reduce -4.5% 2.29% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -11.4% 0.05% −0.00
ABT Abbott Laboratories Reduce -1.5% 0.03% −0.00
RAL Ralliant Corp. Reduce -19.1% 0.05% 0.00
AAPL Apple Inc. Reduce -9.6% 0.18% +0.00
SPSB SS SPDR P St C Corp. ETF Reduce -0.1% 0.13% +0.01
FTV Fortive Corp. Reduce -12.2% 0.19% +0.01
JNJ Johnson & Johnson Reduce -0.8% 0.13% +0.02
VUSB Vanguard Ultra Short Bond Et Reduce -0.3% 0.37% +0.02
ADBE Adobe Inc. Reduce -4.1% 1.92% +0.02
IGSB iShares 1-5Y Inv Grade Corp. Reduce -1.4% 0.62% +0.03
NVDA Nvidia Corp. Reduce -5.1% 6.46% +0.05
SNOW Snowflake Inc. Reduce -0.6% 2.09% +0.05
SBUX Starbucks Corp. Reduce -1.6% 1.44% +0.06
BKNG Booking Holdings Inc. Reduce -0.9% 2.70% +0.12
QCOM Qualcomm Inc. Reduce -3.3% 2.61% +0.14
IDXX Idexx Laboratories Inc. Reduce -3.5% 2.45% +0.19
CPAY Corpay Inc. Reduce -0.1% 2.20% +0.21
TJX TJX Companies Inc. Reduce -4.0% 2.88% +0.22
AMZN Amazon.com Inc. Reduce -1.9% 2.83% +0.25
WAB Wabtec Corp. Reduce -1.1% 2.96% +0.31
APG Api Group Corp. Reduce -1.3% 2.21% +0.32
GOOGL Alphabet Inc. Class A Reduce -2.1% 1.27% +0.32
DHR Danaher Corp. Reduce -2.5% 2.87% +0.47
GOOG Alphabet Inc. Class C Reduce -6.1% 5.73% +1.27

Portfolio Buys Q3 2025 → Q4 2025
VSDM Vanguard Short Tax-Ex Bond Add +50.0% 1.72% +0.63
ILMN Illumina Inc. Add +4.5% 1.21% +0.42
PWR Quanta Services Inc. Add +59.1% 0.99% +0.41
VGSH Vanguard Short-Term Treasury Add +19.4% 1.74% +0.37
VCSH Vanguard S/T Corp. Bond ETF Add +1.4% 4.93% +0.34
VGIT Vanguard Intermediate-Term T Add +2.9% 1.63% +0.14
VGUS Vanguard Ultra SHRT Treasury Add +62.2% 0.25% +0.11
IEI iShares 3-7 Year Treasury Bo Add +0.1% 1.66% +0.10
AXON Axon Enterprise Inc. Add +184.1% 0.13% +0.08
SHY iShares 1-3 Year Treasury Bo Add +0.9% 1.13% +0.07
VCRM Vanguard Core Tax-Ex Bond Add +51.1% 0.19% +0.07
VBIL Vanguard 0-3M T-Bill ETF Add +20.7% 0.22% +0.05
VTES Vanguard SH Term Tax-Ex Bond Add +0.1% 0.73% +0.04
IVV iShares Core S&P 500 ETF Add +6.9% 0.09% +0.01
VOO Vanguard S&P 500 ETF Add +10.6% 0.06% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +5.8% 0.08% +0.01
VEEV Veeva Systems Inc. Class A Add +1.3% 1.74% −0.42

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 83$1.0BNVDA, GOOG, VCSH, MSFT, WAB
Q1 2026 80$957.7MNVDA, VCSH, GOOG, MSFT, WAB
Q4 2025 81$1.1BNVDA, GOOG, MSFT, VCSH, ORCL
Q3 2025 84$1.1BNVDA, ORCL, MSFT, VCSH, GOOG
Q2 2025 84$1.1BNVDA, MSFT, ORCL, VCSH, FISV
Q1 2025 77$986.8MFISV, VCSH, MSFT, NVDA, GOOG
Q4 2024 77$1.0BNVDA, FISV, MSFT, VCSH, NOW
Q3 2024 75$1.0BNVDA, MSFT, VCSH, FISV, ORCL
Q2 2024 77$1.0BNVDA, MSFT, GOOG, VCSH, FISV
Q1 2024 74$1.0BMSFT, NVDA, FISV, VCSH, PTC