Cohen Klingenstein LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Cohen Klingenstein LLC reported 204 stock positions worth $3.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 23.7% of the portfolio, followed by Van Morst SML-Cap Gro-Usd (VBK, 6.3%) and Invesco QQQ Trust Series 1 (QQQ, 6.1%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 19. The biggest buy was Chevron (CVX, shares +230%) and the biggest sale an exit from Hess (HES).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001453620
Portfolio Value
$3.2B (Q3 2025)
SEC Filing
0001453620-25-000014 ↗ filed Oct 16, 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 Q2 2025 Q3 2025: $3.2B $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 · $3.2B
SPY SS SPDR S&P 500 ETF Trust-US 23.73% 1,137,063 $757.5M Reduce -1.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 6.25% 670,420 $199.5M Reduce -1.2%
QQQ Invesco QQQ Trust Series 1 6.05% 321,875 $193.2M Reduce -1.4%
IWO iShares Russell 2000 Growth 5.27% 526,042 $168.4M Reduce -1.2%
MSFT Microsoft Corp. 4.63% 285,500 $147.9M No change
AMZN Amazon.com Inc. 3.77% 548,575 $120.5M No change
AAPL Apple Inc. 3.72% 466,450 $118.8M No change
LLY Eli Lilly & Co. 3.11% 130,223 $99.4M No change
NVDA Nvidia Corp. 2.71% 464,050 $86.6M Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.98% 553,075 $63.3M No change
AXP American Express Co. 1.94% 186,162 $61.8M No change
GOOGL Alphabet Inc. Class A 1.93% 253,300 $61.6M No change
GOOG Alphabet Inc. Class C 1.84% 241,220 $58.7M Reduce -0.4%
AVGO Broadcom Pte Ltd. 1.84% 177,555 $58.6M No change
META Meta Platforms Inc. Class A 1.83% 79,498 $58.4M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 1.67% 105,934 $53.3M No change
PEP Pepsico Inc. 1.31% 297,080 $41.7M No change
UNP Union Pacific Corp. 0.92% 123,943 $29.3M Reduce -0.0%
PG The Procter & Gamble Co. 0.84% 174,580 $26.8M No change
RTX RTX Corp. 0.81% 154,527 $25.9M Reduce -2.5%
JNJ Johnson & Johnson 0.75% 128,350 $23.8M Reduce -0.3%
JPM JPMorgan Chase & Co. 0.72% 72,700 $22.9M No change
CVX Chevron Corp. 0.69% 141,933 $22.0M Add +230.1%
YUM Yum! Brands Inc. 0.69% 144,870 $22.0M No change
TSLA Tesla Inc. 0.65% 46,545 $20.7M No change
ORCL Oracle Corp. 0.64% 72,700 $20.4M No change
AMP Ameriprise Financial Inc. 0.58% 37,723 $18.5M No change
CMCSA Comcast Corp. Class A 0.56% 573,188 $18.0M Reduce -0.1%
HIG Hartford Insurance Group Inc. 0.45% 108,133 $14.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.45% 278,043 $14.3M Add +0.1%
ITW Illinois Tool Works 0.45% 54,601 $14.2M No change
CL Colgate-Palmolive Co. 0.42% 168,149 $13.4M No change
V Visa Inc. Class A 0.39% 36,000 $12.3M No change
AMT American Tower Corp. 0.37% 60,914 $11.7M No change
SHEL Shell PLC-ADR 0.35% 157,098 $11.2M No change
XOM Exxon Mobil Corp. 0.35% 99,400 $11.2M No change
PANW Palo Alto Networks Inc. 0.34% 53,400 $10.9M No change
NSC Norfolk Southern Corp. 0.33% 35,500 $10.7M No change
MRK Merck & Co Inc 0.33% 124,194 $10.4M Reduce -2.4%
GE General Electric filed as GE AEROSPACE 0.31% 32,589 $9.8M No change
MA Mastercard Inc. Class A 0.30% 16,800 $9.6M No change
TMO Thermo Fisher Scientific Inc. 0.30% 19,590 $9.5M No change
FCX Freeport-McMoran Inc. 0.29% 238,176 $9.3M No change
GL Globe Life Inc. 0.28% 63,089 $9.0M No change
AMGN Amgen Inc. 0.28% 31,270 $8.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.28% 31,167 $8.8M No change
CSCO Cisco Systems Inc. 0.27% 126,280 $8.6M No change
HON Honeywell International Inc. 0.27% 40,631 $8.6M No change
CP Canadian Pacific Kansas City 0.26% 112,193 $8.4M No change
SAP Sap SE-Sponsored ADR 0.25% 30,179 $8.1M No change
WFC Wells Fargo & Co. 0.24% 90,900 $7.6M No change
FDX FedEx Corp. 0.23% 31,446 $7.4M Reduce -5.0%
LH Labcorp Holdings Inc. 0.22% 24,710 $7.1M No change
PM Philip Morris International 0.22% 43,679 $7.1M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 14,733 $7.1M No change
TEL Te Connectivity PLC 0.22% 31,400 $6.9M No change
VMC Vulcan Materials Co. 0.21% 21,768 $6.7M No change
ABT Abbott Laboratories 0.21% 49,435 $6.6M No change
QCOM Qualcomm Inc. 0.21% 39,400 $6.6M No change
HD Home Depot Inc. 0.20% 16,000 $6.5M No change
CRM Salesforce Inc. 0.20% 27,020 $6.4M Reduce -1.0%
NFLX Netflix Inc. 0.19% 5,000 $6.0M No change
UNH Unitedhealth Group Inc. 0.19% 17,250 $6.0M Add +0.3%
COST Costco Wholesale Corp. 0.19% 6,400 $5.9M No change
MDT Medtronic Inc 0.18% 60,497 $5.8M Reduce -7.4%
BKNG Booking Holdings Inc. 0.17% 1,000 $5.4M No change
ALL Allstate Corp. 0.17% 24,811 $5.3M No change
WMT Walmart Inc. 0.16% 51,000 $5.3M No change
GEV GE Vernova Inc. 0.16% 8,143 $5.0M No change
MMM 3M Co. 0.15% 31,833 $4.9M Reduce -1.9%
PYPL PayPal Holdings Inc. 0.14% 68,709 $4.6M No change
NEE Nextera Energy Inc. 0.14% 59,400 $4.5M No change
T AT&T Inc. 0.14% 154,832 $4.4M No change
PFE Pfizer Inc. 0.13% 169,014 $4.3M No change
ABBV Abbvie Inc. 0.13% 18,000 $4.2M No change
TXN Texas Instruments Inc. 0.13% 21,900 $4.0M No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.12% 13,565 $4.0M No change
VZ Verizon Communications Inc. 0.12% 90,641 $4.0M No change
YUMC Yum China Holdings Inc. 0.12% 91,399 $3.9M No change
INTC Intel Corp. 0.12% 115,400 $3.9M No change
SIEGY Siemens AG-Spons ADR 0.12% 28,600 $3.9M No change
LIN Linde PLC 0.12% 8,000 $3.8M No change
ISRG Intuitive Surgical Inc. 0.12% 8,460 $3.8M No change
MS Morgan Stanley 0.11% 21,800 $3.5M No change
KO The Coca-Cola Co. 0.11% 52,000 $3.4M No change
GSK GSK PLC-Spon ADR 0.11% 79,398 $3.4M No change
COF Capital One Financial Corp. 0.11% 16,064 $3.4M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.11% 23,600 $3.4M No change
MO Altria Group Inc. 0.11% 51,203 $3.4M No change
ADP Automatic Data Processing 0.10% 10,705 $3.1M No change
LOW Lowe's Cos Inc. 0.09% 11,950 $3.0M No change
BSX Boston Scientific Corp. 0.09% 30,500 $3.0M No change
GS Goldman Sachs Group Inc. 0.09% 3,600 $2.9M No change
GEN Gen Digital Inc. 0.09% 98,600 $2.8M No change
MET Metlife Inc. 0.09% 33,745 $2.8M No change
DE Deere & Co. 0.09% 6,000 $2.7M No change
BA The Boeing Co. 0.09% 12,700 $2.7M No change
MCD McDonald's Corp. 0.09% 9,000 $2.7M No change
CARR Carrier Global Corp. 0.09% 45,668 $2.7M No change
GHC Graham Holdings Co. Class B 0.08% 2,290 $2.7M No change

Show all 204 holdings

Portfolio Sells Q2 2025 → Q3 2025
HES Hess Corp. Sold out 0.00% −0.45
CMCSA Comcast Corp. Class A Reduce -0.1% 0.56% −0.12
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.5% 23.73% −0.07
CRM Salesforce Inc. Reduce -1.0% 0.20% −0.05
UNP Union Pacific Corp. Reduce -0.0% 0.92% −0.03
GLW Corning Inc. Reduce -55.7% 0.06% −0.03
UPS United Parcel Service Class B Reduce -2.1% 0.07% −0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -1.2% 6.25% −0.02
FDX FedEx Corp. Reduce -5.0% 0.23% −0.02
CCI Crown Castle Intl Corp. Com Reduce -4.1% 0.07% −0.01
MMM 3M Co. Reduce -1.9% 0.15% −0.01
MDT Medtronic Inc Reduce -7.4% 0.18% −0.01
MRK Merck & Co Inc Reduce -2.4% 0.33% −0.01
SPGI S&P Global Inc. Sold out 0.00% −0.01
WY Weyerhaeuser Co. Reduce -7.5% 0.03% −0.01
KVUE Kenvue Inc. Reduce -0.8% 0.01% −0.01
RTX RTX Corp. Reduce -2.5% 0.81% +0.04
QQQ Invesco QQQ Trust Series 1 Reduce -1.4% 6.05% +0.05
JNJ Johnson & Johnson Reduce -0.3% 0.75% +0.09
IWO iShares Russell 2000 Growth Reduce -1.2% 5.27% +0.20
GOOG Alphabet Inc. Class C Reduce -0.4% 1.84% +0.41

Portfolio Buys Q2 2025 → Q3 2025
CVX Chevron Corp. Add +230.1% 0.69% +0.49
NVDA Nvidia Corp. Add +0.1% 2.71% +0.27
BAC Bank of America Corp. Add +0.1% 0.45% +0.01
UNH Unitedhealth Group Inc. Add +0.3% 0.19% +0.01
JHG Janus Henderson Group PLC New 0.01% +0.01
HAL Halliburton Co. New 0.01% +0.01
META Meta Platforms Inc. Class A Add +0.0% 1.83% −0.13

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