Cohen Klingenstein LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Cohen Klingenstein LLC reported 207 stock positions worth $3.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 23.3% of the portfolio, followed by Van Morst SML-Cap Gro-Usd (VBK, 6.1%) and Invesco QQQ Trust Series 1 (QQQ, 5.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 5 and reduced 19. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −1%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001453620
Portfolio Value
$3.3B (Q4 2025)
SEC Filing
0001453620-26-000003 ↗ filed Jan 20, 2026

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 Q3 2025 Q4 2025: $3.3B $3.3B Q4 2025 Q1 2026: $3.1B Q1 2026 Q2 2026: $3.5B Q2 2026

Holdings 207 stocks · $3.3B
SPY SS SPDR S&P 500 ETF Trust-US 23.31% 1,124,873 $767.1M Reduce -1.1%
VBK Van Morst SML-Cap Gro-Usd Inc. 6.14% 668,380 $201.9M Reduce -0.3%
QQQ Invesco QQQ Trust Series 1 5.93% 317,949 $195.3M Reduce -1.2%
IWO iShares Russell 2000 Growth 5.07% 516,788 $166.9M Reduce -1.8%
LLY Eli Lilly & Co. 4.24% 129,993 $139.7M Reduce -0.2%
MSFT Microsoft Corp. 4.20% 285,500 $138.1M No change
AAPL Apple Inc. 3.85% 466,450 $126.8M No change
AMZN Amazon.com Inc. 3.78% 539,575 $124.5M Reduce -1.6%
NVDA Nvidia Corp. 2.63% 463,650 $86.5M Reduce -0.1%
GOOGL Alphabet Inc. Class A 2.41% 253,315 $79.3M Add +0.0%
GOOG Alphabet Inc. Class C 2.30% 241,220 $75.7M No change
AXP American Express Co. 2.04% 181,512 $67.2M Reduce -2.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.91% 552,960 $62.9M Reduce -0.0%
AVGO Broadcom Pte Ltd. filed as AVGO 1.87% 177,555 $61.5M No change
BRK.B Berkshire Hathaway Inc. Class B 1.61% 105,724 $53.1M Reduce -0.2%
META Meta Platforms Inc. Class A 1.59% 79,528 $52.5M Add +0.0%
PEP Pepsico Inc. 1.29% 295,866 $42.5M Reduce -0.4%
UNP Union Pacific Corp. 0.87% 123,943 $28.7M No change
RTX RTX Corp. 0.86% 154,527 $28.3M No change
JNJ Johnson & Johnson 0.80% 127,994 $26.5M Reduce -0.3%
PG The Procter & Gamble Co. 0.76% 174,580 $25.0M No change
JPM JPMorgan Chase & Co. 0.71% 72,700 $23.4M No change
YUM Yum! Brands Inc. 0.67% 144,870 $21.9M No change
CVX Chevron Corp. 0.66% 141,933 $21.6M No change
TSLA Tesla Inc. 0.64% 46,545 $20.9M No change
AMP Ameriprise Financial Inc. 0.56% 37,723 $18.5M No change
CMCSA Comcast Corp. Class A 0.52% 573,188 $17.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.46% 277,810 $15.3M Reduce -0.1%
HIG Hartford Insurance Group Inc. 0.45% 108,133 $14.9M No change
ORCL Oracle Corp. 0.43% 72,700 $14.2M No change
ITW Illinois Tool Works 0.41% 54,601 $13.4M No change
CL Colgate-Palmolive Co. 0.40% 168,149 $13.3M No change
MRK Merck & Co Inc 0.40% 124,194 $13.1M No change
V Visa Inc. Class A 0.38% 36,000 $12.6M No change
FCX Freeport-McMoran Inc. 0.37% 238,176 $12.1M No change
XOM Exxon Mobil Corp. 0.36% 99,400 $12.0M No change
SHEL Shell PLC-ADR 0.35% 157,098 $11.5M No change
TMO Thermo Fisher Scientific Inc. 0.34% 19,590 $11.4M No change
AMT American Tower Corp. 0.32% 60,914 $10.7M No change
NSC Norfolk Southern Corp. 0.31% 35,500 $10.2M No change
AMGN Amgen Inc. 0.31% 31,270 $10.2M No change
GE General Electric filed as GE AEROSPACE 0.30% 32,589 $10.0M No change
PANW Palo Alto Networks Inc. 0.30% 53,400 $9.8M No change
CSCO Cisco Systems Inc. 0.30% 126,280 $9.7M No change
MA Mastercard Inc. Class A 0.29% 16,800 $9.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.28% 31,167 $9.2M No change
FDX FedEx Corp. 0.28% 31,446 $9.1M No change
GL Globe Life Inc. 0.27% 63,089 $8.8M No change
WFC Wells Fargo & Co. 0.26% 90,900 $8.5M No change
CP Canadian Pacific Kansas City 0.24% 107,867 $7.9M Reduce -3.9%
HON Honeywell International Inc. 0.24% 40,631 $7.9M No change
SAP Sap SE-Sponsored ADR 0.22% 30,179 $7.3M No change
VUG Vanguard Mrngstar GR ETF-Sui 0.22% 14,851 $7.2M Add +0.8%
CRM Salesforce Inc. 0.22% 27,020 $7.2M No change
TEL Te Connectivity PLC 0.22% 31,400 $7.1M No change
PM Philip Morris International 0.21% 43,679 $7.0M No change
QCOM Qualcomm Inc. 0.20% 39,400 $6.7M No change
LH Labcorp Holdings Inc. 0.19% 24,710 $6.2M No change
ABT Abbott Laboratories 0.19% 49,435 $6.2M No change
VMC Vulcan Materials Co. 0.19% 21,508 $6.1M Reduce -1.2%
MDT Medtronic Inc 0.18% 60,497 $5.8M No change
UNH Unitedhealth Group Inc. 0.17% 17,289 $5.7M Add +0.2%
WMT Walmart Inc. 0.17% 51,000 $5.7M No change
COST Costco Wholesale Corp. 0.17% 6,400 $5.5M No change
HD Home Depot Inc. 0.17% 16,000 $5.5M No change
BKNG Booking Holdings Inc. 0.16% 1,000 $5.4M No change
GEV GE Vernova Inc. 0.16% 8,143 $5.3M No change
ALL Allstate Corp. 0.16% 24,811 $5.2M No change
MMM 3M Co. 0.15% 31,833 $5.1M No change
ISRG Intuitive Surgical Inc. 0.15% 8,460 $4.8M No change
NEE Nextera Energy Inc. 0.14% 59,400 $4.8M No change
NFLX Netflix Inc. 0.14% 50,000 $4.7M No change
INTC Intel Corp. 0.13% 115,400 $4.3M No change
PFE Pfizer Inc. 0.13% 169,014 $4.2M No change
YUMC Yum China Holdings Inc. 0.13% 87,799 $4.2M Reduce -3.9%
ABBV Abbvie Inc. 0.13% 18,000 $4.1M No change
SIEGY Siemens AG-Spons ADR 0.12% 28,600 $4.0M No change
GSK GSK PLC-Spon ADR 0.12% 79,398 $3.9M No change
COF Capital One Financial Corp. 0.12% 16,064 $3.9M No change
MS Morgan Stanley 0.12% 21,800 $3.9M No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.12% 13,785 $3.8M Add +1.6%
T AT&T Inc. 0.12% 154,832 $3.8M No change
PYPL PayPal Holdings Inc. 0.12% 65,421 $3.8M Reduce -4.8%
TXN Texas Instruments Inc. 0.12% 21,900 $3.8M No change
VZ Verizon Communications Inc. 0.11% 90,641 $3.7M No change
KO The Coca-Cola Co. 0.11% 52,000 $3.6M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.11% 23,600 $3.6M No change
LIN Linde PLC 0.10% 8,000 $3.4M No change
GS Goldman Sachs Group Inc. 0.10% 3,600 $3.2M No change
MO Altria Group Inc. 0.09% 51,203 $3.0M No change
BSX Boston Scientific Corp. 0.09% 30,500 $2.9M No change
LOW Lowe's Cos Inc. 0.09% 11,950 $2.9M No change
CB Chubb Ltd. 0.09% 9,120 $2.8M No change
DE Deere & Co. 0.08% 6,000 $2.8M No change
BA The Boeing Co. 0.08% 12,700 $2.8M No change
ADP Automatic Data Processing 0.08% 10,705 $2.8M No change
MCD McDonald's Corp. 0.08% 9,000 $2.8M No change
VRTX Vertex Pharmaceuticals Inc. 0.08% 6,000 $2.7M No change
GEN Gen Digital Inc. 0.08% 98,600 $2.7M No change
COP Conocophillips 0.08% 28,500 $2.7M No change

Show all 207 holdings

Portfolio Sells Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.1% 23.31% −0.43
IWO iShares Russell 2000 Growth Reduce -1.8% 5.07% −0.20
QQQ Invesco QQQ Trust Series 1 Reduce -1.2% 5.93% −0.12
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -0.3% 6.14% −0.12
NVDA Nvidia Corp. Reduce -0.1% 2.63% −0.09
DIS The Walt Disney Co. Reduce -0.0% 1.91% −0.07
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.2% 1.61% −0.05
PYPL PayPal Holdings Inc. Reduce -4.8% 0.12% −0.03
VMC Vulcan Materials Co. Reduce -1.2% 0.19% −0.02
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.02
CP Canadian Pacific Kansas City Reduce -3.9% 0.24% −0.02
GHC Graham Holdings Co. Class B Reduce -12.7% 0.07% −0.02
PEP Pepsico Inc. Reduce -0.4% 1.29% −0.02
ETW Eaton Vance T/M GLBL Buy-WR Reduce -21.4% 0.03% −0.01
LW Lamb Weston Holdings Inc. Sold out 0.00% −0.01
YUMC Yum China Holdings Inc. Reduce -3.9% 0.13% +0.00
AMZN Amazon.com Inc. Reduce -1.6% 3.78% +0.01
BAC Bank of America Corp. Reduce -0.1% 0.46% +0.01
JNJ Johnson & Johnson Reduce -0.3% 0.80% +0.06
AXP American Express Co. Reduce -2.5% 2.04% +0.10
LLY Eli Lilly & Co. Reduce -0.2% 4.24% +1.13

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +0.0% 2.41% +0.48
WARNER BROS DISCOVERYXXX New 0.03% +0.03
APH Amphenol Corp. Class A New 0.01% +0.01
SPGI S&P Global Inc. New 0.01% +0.01
VUG Vanguard Mrngstar GR ETF-Sui Add +0.8% 0.22% −0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +1.6% 0.12% −0.01
UNH Unitedhealth Group Inc. Add +0.2% 0.17% −0.01
META Meta Platforms Inc. Class A Add +0.0% 1.59% −0.23

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