Cohen Klingenstein LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Cohen Klingenstein LLC reported 204 stock positions worth $3.0 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 23.8% of the portfolio, followed by Van Morst SML-Cap Gro-Usd (VBK, 6.3%) and Invesco QQQ Trust Series 1 (QQQ, 6.0%). Compared with Q1 2025, it sold out of 4, added to 4 and reduced 26. The biggest buy was Van Morst SML-Cap Gro-Usd (VBK, shares +0%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001453620
Portfolio Value
$3.0B (Q2 2025)
SEC Filing
0001453620-25-000008 ↗ filed Jul 18, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $2.8B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $2.8B Q1 2025 Q2 2025: $3.0B $3.0B Q2 2025 Q3 2025: $3.2B Q3 2025 Q4 2025: $3.3B Q4 2025 Q1 2026: $3.1B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 204 stocks · $3.0B
SPY SS SPDR S&P 500 ETF Trust-US 23.80% 1,154,528 $713.3M Reduce -2.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 6.27% 678,870 $188.0M Add +0.0%
QQQ Invesco QQQ Trust Series 1 6.01% 326,360 $180.0M Reduce -5.9%
IWO iShares Russell 2000 Growth 5.08% 532,388 $152.2M Reduce -2.2%
MSFT Microsoft Corp. 4.74% 285,500 $142.0M No change
AMZN Amazon.com Inc. 4.02% 548,575 $120.4M No change
LLY Eli Lilly & Co. 3.39% 130,223 $101.5M Reduce -0.2%
AAPL Apple Inc. 3.19% 466,450 $95.7M Reduce 0.0%
NVDA Nvidia Corp. 2.44% 463,650 $73.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.29% 553,075 $68.6M Reduce -0.2%
AXP American Express Co. 1.98% 186,162 $59.4M Reduce -0.4%
META Meta Platforms Inc. Class A 1.96% 79,493 $58.7M Reduce -1.4%
BRK.B Berkshire Hathaway Inc. Class B 1.72% 105,934 $51.5M No change
AVGO Broadcom Pte Ltd. 1.63% 177,555 $48.9M No change
GOOGL Alphabet Inc. Class A 1.49% 253,300 $44.6M Reduce -0.0%
GOOG Alphabet Inc. Class C 1.43% 242,220 $43.0M No change
PEP Pepsico Inc. 1.31% 297,080 $39.2M Reduce -0.2%
UNP Union Pacific Corp. 0.95% 123,998 $28.5M No change
PG The Procter & Gamble Co. 0.93% 174,580 $27.8M Reduce -2.8%
RTX RTX Corp. 0.77% 158,427 $23.1M No change
YUM Yum! Brands Inc. 0.72% 144,870 $21.5M No change
JPM JPMorgan Chase & Co. 0.70% 72,700 $21.1M No change
CMCSA Comcast Corp. Class A 0.68% 574,064 $20.5M Reduce -0.1%
AMP Ameriprise Financial Inc. 0.67% 37,723 $20.1M No change
JNJ Johnson & Johnson 0.66% 128,759 $19.7M Reduce -2.7%
ORCL Oracle Corp. 0.53% 72,700 $15.9M No change
CL Colgate-Palmolive Co. 0.51% 168,149 $15.3M No change
TSLA Tesla Inc. 0.49% 46,545 $14.8M No change
HIG Hartford Insurance Group Inc. 0.46% 108,133 $13.7M No change
ITW Illinois Tool Works 0.45% 54,601 $13.5M No change
AMT American Tower Corp. 0.45% 60,914 $13.5M No change
HES Hess Corp. 0.45% 96,528 $13.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.44% 277,808 $13.1M Add +0.0%
V Visa Inc. Class A 0.43% 36,000 $12.8M No change
SHEL Shell PLC-ADR 0.37% 157,098 $11.1M No change
PANW Palo Alto Networks Inc. 0.36% 53,400 $10.9M No change
XOM Exxon Mobil Corp. 0.36% 99,400 $10.7M No change
FCX Freeport-McMoran Inc. 0.34% 238,176 $10.3M No change
MRK Merck & Co Inc 0.34% 127,235 $10.1M Reduce -0.1%
HON Honeywell International Inc. 0.32% 40,631 $9.5M No change
MA Mastercard Inc. Class A 0.32% 16,800 $9.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.31% 31,167 $9.2M No change
SAP Sap SE-Sponsored ADR 0.31% 30,179 $9.2M No change
NSC Norfolk Southern Corp. 0.30% 35,500 $9.1M No change
CP Canadian Pacific Kansas City 0.30% 112,193 $8.9M Reduce -0.6%
CSCO Cisco Systems Inc. 0.29% 126,280 $8.8M No change
AMGN Amgen Inc. 0.29% 31,270 $8.7M No change
GE General Electric filed as GE AEROSPACE 0.28% 32,589 $8.4M No change
PM Philip Morris International 0.27% 43,679 $8.0M No change
TMO Thermo Fisher Scientific Inc. 0.27% 19,590 $7.9M No change
GL Globe Life Inc. 0.26% 63,089 $7.8M Reduce -12.4%
FDX FedEx Corp. 0.25% 33,089 $7.5M No change
CRM Salesforce Inc. 0.25% 27,300 $7.4M No change
WFC Wells Fargo & Co. 0.24% 90,900 $7.3M No change
ABT Abbott Laboratories 0.22% 49,435 $6.7M No change
NFLX Netflix Inc. 0.22% 5,000 $6.7M No change
LH Labcorp Holdings Inc. 0.22% 24,710 $6.5M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 14,733 $6.5M Add +0.5%
COST Costco Wholesale Corp. 0.21% 6,400 $6.3M No change
QCOM Qualcomm Inc. 0.21% 39,400 $6.3M No change
CVX Chevron Corp. 0.21% 43,000 $6.2M No change
HD Home Depot Inc. 0.20% 16,000 $5.9M No change
BKNG Booking Holdings Inc. 0.19% 1,000 $5.8M No change
MDT Medtronic Inc 0.19% 65,349 $5.7M No change
VMC Vulcan Materials Co. 0.19% 21,768 $5.7M No change
UNH Unitedhealth Group Inc. 0.18% 17,200 $5.4M No change
TEL Te Connectivity PLC 0.18% 31,400 $5.3M No change
PYPL PayPal Holdings Inc. 0.17% 68,709 $5.1M No change
ALL Allstate Corp. 0.17% 24,811 $5.0M No change
WMT Walmart Inc. 0.17% 51,000 $5.0M No change
MMM 3M Co. 0.16% 32,449 $4.9M No change
ISRG Intuitive Surgical Inc. 0.15% 8,460 $4.6M No change
TXN Texas Instruments Inc. 0.15% 21,900 $4.5M No change
T AT&T Inc. 0.15% 154,832 $4.5M No change
GEV GE Vernova Inc. 0.14% 8,143 $4.3M No change
NEE Nextera Energy Inc. 0.14% 59,400 $4.1M No change
PFE Pfizer Inc. 0.14% 169,014 $4.1M Reduce -0.1%
YUMC Yum China Holdings Inc. 0.14% 91,399 $4.1M No change
VZ Verizon Communications Inc. 0.13% 90,641 $3.9M No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.13% 13,565 $3.9M No change
LIN Linde PLC 0.13% 8,000 $3.8M No change
SIEGY Siemens AG-Spons ADR 0.12% 28,600 $3.7M No change
KO The Coca-Cola Co. 0.12% 52,000 $3.7M No change
COF Capital One Financial Corp. 0.11% 16,064 $3.4M Add +155.8%
CARR Carrier Global Corp. 0.11% 45,668 $3.3M No change
ABBV Abbvie Inc. 0.11% 18,000 $3.3M No change
ADP Automatic Data Processing 0.11% 10,705 $3.3M No change
BSX Boston Scientific Corp. 0.11% 30,500 $3.3M No change
MS Morgan Stanley 0.10% 21,800 $3.1M No change
DE Deere & Co. 0.10% 6,000 $3.1M No change
GSK GSK PLC-Spon ADR 0.10% 79,398 $3.0M No change
MO Altria Group Inc. 0.10% 51,203 $3.0M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.10% 23,600 $2.9M No change
GEN Gen Digital Inc. 0.10% 98,600 $2.9M No change
UPS United Parcel Service Class B 0.09% 27,322 $2.8M Reduce -5.0%
MET Metlife Inc. 0.09% 33,745 $2.7M No change
VRTX Vertex Pharmaceuticals Inc. 0.09% 6,000 $2.7M No change
BA The Boeing Co. 0.09% 12,700 $2.7M No change
LOW Lowe's Cos Inc. 0.09% 11,950 $2.7M No change
CB Chubb Ltd. 0.09% 9,120 $2.6M No change

Show all 204 holdings

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce 0.0% 3.19% −0.56
LLY Eli Lilly & Co. Reduce -0.2% 3.39% −0.52
PEP Pepsico Inc. Reduce -0.2% 1.31% −0.31
PG The Procter & Gamble Co. Reduce -2.8% 0.93% −0.18
JNJ Johnson & Johnson Reduce -2.7% 0.66% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.1% 23.80% −0.11
CMCSA Comcast Corp. Class A Reduce -0.1% 0.68% −0.08
GL Globe Life Inc. Reduce -12.4% 0.26% −0.08
MRK Merck & Co Inc Reduce -0.1% 0.34% −0.08
DFS Discover Financial Services Sold out 0.00% −0.06
UPS United Parcel Service Class B Reduce -5.0% 0.09% −0.02
PFE Pfizer Inc. Reduce -0.1% 0.14% −0.02
TGT Target Corp. Reduce -3.4% 0.08% −0.01
WY Weyerhaeuser Co. Reduce -7.7% 0.04% −0.01
JHG Janus Henderson Group PLC Sold out 0.00% −0.01
JWN Nordstrom Inc. Sold out 0.00% −0.01
HAL Halliburton Co. Sold out 0.00% −0.01
KVUE Kenvue Inc. Reduce -0.7% 0.02% −0.01
FTRE Fortrea Holdings Inc. Reduce -7.3% 0.00% −0.00
SOLV Solventum Corp. Reduce -2.8% 0.02% −0.00
DOX Amdocs Ltd. Reduce -5.3% 0.01% −0.00
AL Sumisho Air Lease Corp. Reduce -10.4% 0.04% 0.00
SLAB Silicon Laboratories Inc. Reduce -14.2% 0.02% +0.00
CP Canadian Pacific Kansas City Reduce -0.6% 0.30% +0.01
IWO iShares Russell 2000 Growth Reduce -2.2% 5.08% +0.04
GOOGL Alphabet Inc. Class A Reduce -0.0% 1.49% +0.07
QQQ Invesco QQQ Trust Series 1 Reduce -5.9% 6.01% +0.11
AXP American Express Co. Reduce -0.4% 1.98% +0.16
META Meta Platforms Inc. Class A Reduce -1.4% 1.96% +0.27
DIS The Walt Disney Co. Reduce -0.2% 2.29% +0.31

Portfolio Buys Q1 2025 → Q2 2025
VBK Van Morst SML-Cap Gro-Usd Inc. Add +0.0% 6.27% +0.08
COF Capital One Financial Corp. Add +155.8% 0.11% +0.07
BAC Bank of America Corp. Add +0.0% 0.44% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +0.5% 0.22% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 207$3.5BSPY, VBK, QQQ, IWO, LLY
Q1 2026 205$3.1BSPY, VBK, QQQ, IWO, LLY
Q4 2025 207$3.3BSPY, VBK, QQQ, IWO, LLY
Q3 2025 204$3.2BSPY, VBK, QQQ, IWO, MSFT
Q2 2025 204$3.0BSPY, VBK, QQQ, IWO, MSFT
Q1 2025 208$2.8BSPY, VBK, QQQ, IWO, LLY
Q4 2024 207$2.9BSPY, VBK, QQQ, IWO, AMZN
Q3 2024 220$2.9BSPY, AAPL, IWO, QQQ, MSFT
Q2 2024 222$2.8BSPY, QQQ, MSFT, IWO, AAPL
Q1 2024 222$2.7BSPY, IWO, QQQ, MSFT, AAPL