Columbia Asset Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Columbia Asset Management reported 167 stock positions worth $534.3 million. Its top holding was Apple (AAPL) at 9.7% of the portfolio, followed by Microsoft (MSFT, 8.9%) and Erie Indemnity Class A (ERIE, 4.2%). Compared with Q2 2025, it opened 6 new positions, sold out of 8, added to 44 and reduced 80. The biggest buy was Johnson & Johnson (JNJ, shares +3%) and the biggest sale Erie Indemnity Class A (ERIE, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Ann Arbor, MI
- CIK
- 0001585047
- Portfolio Value
- $534.3M (Q3 2025)
- SEC Filing
- 0002085853-25-000221 ↗ filed Nov 4, 2025
Holdings Value
Holdings 167 stocks · $534.3M
| AAPL Apple Inc. | 9.69% | 203,343 | $51.8M | Reduce -2.4% |
| MSFT Microsoft Corp. | 8.91% | 91,935 | $47.6M | Reduce -1.0% |
| ERIE Erie Indemnity Company Class A | 4.25% | 71,346 | $22.7M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 3.67% | 80,565 | $19.6M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 3.51% | 85,338 | $18.7M | Reduce -0.6% |
| V Visa Inc. Class A | 3.36% | 52,567 | $17.9M | Reduce -1.9% |
| AVGO Broadcom Inc. | 3.36% | 54,351 | $17.9M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 2.03% | 34,351 | $10.8M | Reduce -0.7% |
| JNJ Johnson & Johnson | 1.97% | 56,907 | $10.6M | Add +2.7% |
| MRK Merck & Co. Inc. | 1.78% | 113,139 | $9.5M | Reduce -2.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.78% | 33,633 | $9.5M | Reduce -1.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.77% | 14,157 | $9.4M | Reduce -5.0% |
| GOOG Alphabet Inc. Class C | 1.72% | 37,642 | $9.2M | Reduce -0.2% |
| ABBV Abbvie Inc. | 1.55% | 35,704 | $8.3M | Reduce -2.1% |
| CAT Caterpillar Inc. | 1.38% | 15,461 | $7.4M | Reduce -1.3% |
| SBUX Starbucks Corp. | 1.36% | 86,103 | $7.3M | Reduce -1.4% |
| CSCO Cisco Systems Inc. | 1.29% | 100,817 | $6.9M | Reduce -3.2% |
| NVDA Nvidia Corp. | 1.22% | 34,834 | $6.5M | Add +5.0% |
| PG The Procter & Gamble Co. | 1.21% | 42,222 | $6.5M | Add +0.2% |
| AMGN Amgen Inc. | 1.21% | 22,941 | $6.5M | Add +1.2% |
| VZ Verizon Communications Inc. | 1.19% | 144,614 | $6.4M | Add +3.1% |
| NKE Nike Inc. Class B | 1.18% | 90,647 | $6.3M | Add +1.9% |
| LLY Eli Lilly & Co. | 1.14% | 7,994 | $6.1M | Add +4.3% |
| MDT Medtronic PLC | 1.10% | 61,536 | $5.9M | Add +2.2% |
| SYK Stryker Corp. | 1.06% | 15,282 | $5.6M | Reduce -0.5% |
| ADBE Adobe Inc. | 1.05% | 15,886 | $5.6M | Add +2.3% |
| UNP Union Pacific Corp. | 1.04% | 23,497 | $5.6M | Add +0.9% |
| HD Home Depot Inc. | 1.02% | 13,435 | $5.4M | Reduce -3.7% |
| CVX Chevron Corp. | 1.01% | 34,921 | $5.4M | Add +0.1% |
| MCD McDonald's Corp. | 0.94% | 16,461 | $5.0M | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.91% | 73,694 | $4.9M | Reduce -2.4% |
| PFE Pfizer Inc. | 0.87% | 182,113 | $4.6M | Reduce -2.2% |
| PEP Pepsico Inc. | 0.78% | 29,804 | $4.2M | Add +16.7% |
| BP BP PLC-Spons ADR | 0.78% | 121,029 | $4.2M | Add +2.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.78% | 36,290 | $4.2M | Reduce -3.1% |
| VIG Vanguard Dividend Apprec ETF | 0.77% | 19,162 | $4.1M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 0.77% | 4,466 | $4.1M | Reduce -3.2% |
| NFLX Netflix Inc. | 0.75% | 3,332 | $4.0M | Reduce -2.5% |
| AXP American Express Co. | 0.74% | 11,857 | $3.9M | Reduce -0.1% |
| DE Deere & Co. | 0.72% | 8,424 | $3.9M | Reduce -5.8% |
| ORCL Oracle Corp. | 0.67% | 12,696 | $3.6M | Reduce -12.4% |
| TGT Target Corp. | 0.65% | 38,913 | $3.5M | Reduce -3.2% |
| UPS United Parcel Service Class B | 0.59% | 37,698 | $3.1M | Reduce -12.2% |
| SONY Sony Group Corp. - SP ADR | 0.59% | 109,125 | $3.1M | Reduce -0.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.58% | 12,218 | $3.1M | Reduce -1.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.58% | 6,465 | $3.1M | Add +1.2% |
| GLW Corning Inc. | 0.56% | 36,701 | $3.0M | Reduce -15.7% |
| SHEL Shell PLC-ADR | 0.54% | 40,257 | $2.9M | Reduce -0.6% |
| C Citigroup Inc. | 0.54% | 28,299 | $2.9M | Reduce -3.1% |
| T AT&T Inc. | 0.53% | 99,610 | $2.8M | Reduce -14.3% |
| HON Honeywell International Inc. | 0.52% | 13,292 | $2.8M | Reduce -1.9% |
| ITW Illinois Tool Works | 0.50% | 10,330 | $2.7M | Add +8.1% |
| MMM 3M Co. | 0.49% | 17,026 | $2.6M | Reduce -13.3% |
| BSV Vanguard Short-Term Bond ETF | 0.48% | 32,660 | $2.6M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.47% | 22,465 | $2.5M | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 0.46% | 25,981 | $2.5M | Add +1.2% |
| VXUS Vanguard Total Intl Stock | 0.46% | 33,762 | $2.5M | Add +21.9% |
| DECK Deckers Outdoor Corp. | 0.42% | 22,187 | $2.2M | Reduce -1.7% |
| QCOM Qualcomm Inc. | 0.40% | 12,972 | $2.2M | Reduce -1.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.40% | 7,346 | $2.2M | Reduce -2.5% |
| GE General Electric filed as GE AEROSPACE | 0.40% | 7,065 | $2.1M | Reduce -1.1% |
| WM Waste Management Inc. | 0.39% | 9,335 | $2.1M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.33% | 1,816 | $1.8M | Reduce -32.3% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.32% | 15,727 | $1.7M | Reduce -1.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.32% | 16,434 | $1.7M | Add +9.8% |
| PSA Public Storage | 0.30% | 5,542 | $1.6M | Add +6.6% |
| GS Goldman Sachs Group Inc. | 0.30% | 2,009 | $1.6M | Reduce -1.9% |
| DTE DTE Energy Company | 0.30% | 11,273 | $1.6M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 10,527 | $1.5M | Reduce -2.6% |
| DUK Duke Energy Corp. | 0.28% | 11,977 | $1.5M | Add +4.4% |
| USB US Bancorp | 0.27% | 30,118 | $1.5M | Add +1.7% |
| AMT American Tower Corp. | 0.26% | 7,291 | $1.4M | Add +2.0% |
| GLD SPDR Gold Shares | 0.26% | 3,934 | $1.4M | Add +1.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.26% | 15,740 | $1.4M | Add +16.5% |
| BATRK Atlanta Braves Holdings in-C | 0.25% | 31,685 | $1.3M | Add +15.3% |
| EMR Emerson Electric Co. | 0.23% | 9,537 | $1.3M | Add +0.0% |
| CLX Clorox Company | 0.23% | 10,085 | $1.2M | Add +5.6% |
| GD General Dynamics Corp. | 0.23% | 3,583 | $1.2M | Add +7.2% |
| ORLY O'reilly Automotive Inc. | 0.23% | 11,325 | $1.2M | No change |
| BLK BlackRock Inc. | 0.21% | 979 | $1.1M | Reduce -4.4% |
| AEP American Electric Power | 0.21% | 9,794 | $1.1M | Add +3.1% |
| UL Unilever PLC | 0.20% | 18,455 | $1.1M | Add +0.1% |
| SO The Southern Co. | 0.20% | 11,447 | $1.1M | Add +0.0% |
| IWR iShares Russell Mid-Cap ETF | 0.20% | 10,872 | $1.0M | No change |
| UNH Unitedhealth Group Inc. | 0.19% | 2,875 | $993K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 18,948 | $978K | Reduce -3.3% |
| EXPE Expedia Group Inc. | 0.18% | 4,545 | $971K | Reduce -25.5% |
| CB Chubb Ltd. | 0.18% | 3,425 | $967K | Reduce -3.5% |
| GNRC Generac Holdings Inc. | 0.17% | 5,584 | $935K | Reduce -4.5% |
| MO Altria Group Inc. | 0.17% | 13,525 | $893K | Reduce -0.7% |
| PM Philip Morris International | 0.17% | 5,455 | $885K | No change |
| WMT Walmart Inc. | 0.16% | 8,520 | $878K | Reduce -5.0% |
| INTC Intel Corp. | 0.16% | 25,728 | $863K | Reduce -19.8% |
| LULU Lululemon Athletica Inc. | 0.16% | 4,805 | $855K | Reduce -10.1% |
| MDLZ Mondelez International Inc. Class A | 0.16% | 13,674 | $854K | No change |
| GIS General Mills Inc. | 0.15% | 15,870 | $800K | Reduce -4.6% |
| GPC Genuine Parts Co. | 0.15% | 5,725 | $793K | Add +9.3% |
| SEE Sealed Air Corp. | 0.15% | 22,234 | $786K | Reduce -6.6% |
| KHC The Kraft Heinz Co. | 0.14% | 28,546 | $743K | Reduce -3.9% |
| VWO Vanguard Ftse Emerging Marke | 0.14% | 13,572 | $735K | Reduce -5.9% |
Options reported separately and not counted above: DIS calls ($115K).
Portfolio Sells Q2 2025 → Q3 2025
| ERIE Erie Indemnity Company Class A | Reduce -0.1% | 4.25% | −0.62 |
| V Visa Inc. Class A | Reduce -1.9% | 3.36% | −0.38 |
| UPS United Parcel Service Class B | Reduce -12.2% | 0.59% | −0.26 |
| SBUX Starbucks Corp. | Reduce -1.4% | 1.36% | −0.21 |
| IBM Intl Business Machines Corp. | Reduce -1.5% | 1.78% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 3.51% | −0.20 |
| DE Deere & Co. | Reduce -5.8% | 0.72% | −0.17 |
| MSFT Microsoft Corp. | Reduce -1.0% | 8.91% | −0.17 |
| CMG Chipotle Mexican Grill Inc. | Reduce -59.4% | 0.06% | −0.16 |
| NFLX Netflix Inc. | Reduce -2.5% | 0.75% | −0.15 |
| SYK Stryker Corp. | Reduce -0.5% | 1.06% | −0.14 |
| DIS The Walt Disney Co. | Reduce -3.1% | 0.78% | −0.14 |
| KO The Coca-Cola Co. | Reduce -2.4% | 0.91% | −0.14 |
| T AT&T Inc. | Reduce -14.3% | 0.53% | −0.13 |
| CSCO Cisco Systems Inc. | Reduce -3.2% | 1.29% | −0.13 |
| TGT Target Corp. | Reduce -3.2% | 0.65% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -3.2% | 0.77% | −0.12 |
| HON Honeywell International Inc. | Reduce -1.9% | 0.52% | −0.10 |
| MMM 3M Co. | Reduce -13.3% | 0.49% | −0.09 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -32.3% | 0.33% | −0.09 |
| LULU Lululemon Athletica Inc. | Reduce -10.1% | 0.16% | −0.09 |
| JEPI JPMorgan Equity Premium Inco | Reduce -49.4% | 0.07% | −0.08 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.07 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -37.5% | 0.12% | −0.07 |
| STX Seagate Technology Holdings | Reduce -71.8% | 0.05% | −0.06 |
| VT Vanguard Tot World STK ETF | Sold out | 0.00% | −0.05 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.05 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.05 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.0% | 1.77% | −0.04 |
| KR Kroger Co. | Sold out | 0.00% | −0.04 |
| DUOL Duolingo | Sold out | 0.00% | −0.04 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -43.1% | 0.05% | −0.04 |
| OLED Universal Display Corp. | Sold out | 0.00% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -1.7% | 0.42% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -0.6% | 0.54% | −0.02 |
| CB Chubb Ltd. | Reduce -3.5% | 0.18% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -2.1% | 1.78% | −0.02 |
| DOW Dow Inc. | Reduce -11.4% | 0.06% | −0.02 |
| EXPE Expedia Group Inc. | Reduce -25.5% | 0.18% | −0.02 |
| GIS General Mills Inc. | Reduce -4.6% | 0.15% | −0.02 |
| PFE Pfizer Inc. | Reduce -2.2% | 0.87% | −0.02 |
| ODFL Old Dominion Freight Line | Reduce -0.4% | 0.07% | −0.01 |
| CVS CVS Health Corp. | Reduce -18.9% | 0.08% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -5.8% | 0.13% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.94% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -15.2% | 0.04% | −0.01 |
| KHC The Kraft Heinz Co. | Reduce -3.9% | 0.14% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 0.47% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -2.5% | 0.40% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| JNJ Johnson & Johnson | Add +2.7% | 1.97% | +0.31 |
| NVDA Nvidia Corp. | Add +5.0% | 1.22% | +0.19 |
| UNH Unitedhealth Group Inc. | New | 0.19% | +0.19 |
| PEP Pepsico Inc. | Add +16.7% | 0.78% | +0.12 |
| CHDN Churchill Downs Inc. | New | 0.10% | +0.10 |
| VXUS Vanguard Total Intl Stock | Add +21.9% | 0.46% | +0.09 |
| BP BP PLC-Spons ADR | Add +2.7% | 0.78% | +0.09 |
| MDT Medtronic PLC | Add +2.2% | 1.10% | +0.06 |
| BX Blackstone Inc. | New | 0.04% | +0.04 |
| ITW Illinois Tool Works | Add +8.1% | 0.50% | +0.04 |
| MPC Marathon Petroleum Corp. | New | 0.04% | +0.04 |
| EQNR Equinor ASA-Spon ADR | New | 0.04% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.04% | +0.04 |
| GD General Dynamics Corp. | Add +7.2% | 0.23% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.5% | 0.26% | +0.04 |
| CVX Chevron Corp. | Add +0.1% | 1.01% | +0.03 |
| TROW T Rowe Price Group Inc. | Add +9.8% | 0.32% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.2% | 0.58% | +0.03 |
| GLD SPDR Gold Shares | Add +1.3% | 0.26% | +0.03 |
| NEM Newmont Corp. | Add +1.8% | 0.10% | +0.03 |
| GPC Genuine Parts Co. | Add +9.3% | 0.15% | +0.02 |
| RIO Rio Tinto PLC-Spon ADR | Add +9.7% | 0.11% | +0.02 |
| GEV GE Vernova Inc. | Add +2.6% | 0.11% | +0.01 |
| AEP American Electric Power | Add +3.1% | 0.21% | +0.01 |
| DUK Duke Energy Corp. | Add +4.4% | 0.28% | +0.01 |
| USB US Bancorp | Add +1.7% | 0.27% | +0.01 |
| GSK GSK PLC-Spon ADR | Add +11.0% | 0.05% | +0.01 |
| CLX Clorox Company | Add +5.6% | 0.23% | +0.01 |
| SJM The JM Smucker Co. | Add +4.5% | 0.06% | +0.01 |
| DTE DTE Energy Company | Add +0.0% | 0.30% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +1.2% | 0.46% | +0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +4.5% | 0.06% | +0.00 |
| PSA Public Storage | Add +6.6% | 0.30% | −0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Add +11.0% | 0.04% | −0.00 |
| VZ Verizon Communications Inc. | Add +3.1% | 1.19% | −0.00 |
| SO The Southern Co. | Add +0.0% | 0.20% | −0.00 |
| BATRK Atlanta Braves Holdings in-C | Add +15.3% | 0.25% | −0.01 |
| CTVA Corteva Inc. | Add +0.1% | 0.04% | −0.01 |
| ADP Automatic Data Processing | Add +0.1% | 0.10% | −0.01 |
| CMCSA Comcast Corp. Class A | Add +3.8% | 0.09% | −0.01 |
| UNP Union Pacific Corp. | Add +0.9% | 1.04% | −0.01 |
| EMR Emerson Electric Co. | Add +0.0% | 0.23% | −0.02 |
| UL Unilever PLC | Add +0.1% | 0.20% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Add +0.1% | 0.48% | −0.02 |
| AMGN Amgen Inc. | Add +1.2% | 1.21% | −0.03 |
| LLY Eli Lilly & Co. | Add +4.3% | 1.14% | −0.03 |
| AMT American Tower Corp. | Add +2.0% | 0.26% | −0.05 |
| NKE Nike Inc. Class B | Add +1.9% | 1.18% | −0.06 |
| PG The Procter & Gamble Co. | Add +0.2% | 1.21% | −0.11 |
| ADBE Adobe Inc. | Add +2.3% | 1.05% | −0.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 168 | $575.2M | AAPL, MSFT, GOOGL, AMZN, ERIE |
| Q1 2026 | 170 | $525.1M | AAPL, MSFT, GOOGL, ERIE, AMZN |
| Q4 2025 | 173 | $562.5M | AAPL, MSFT, GOOGL, ERIE, AMZN |
| Q3 2025 | 167 | $534.3M | AAPL, MSFT, ERIE, GOOGL, AMZN |
| Q2 2025 | 169 | $508.7M | MSFT, AAPL, ERIE, V, AMZN |
| Q1 2025 | 177 | $489.5M | AAPL, MSFT, ERIE, V, AMZN |
| Q4 2024 | 185 | $523.0M | AAPL, MSFT, ERIE, AMZN, V |
| Q3 2024 | 179 | $573.8M | AAPL, MSFT, ERIE, AMZN, BRK.B |
| Q2 2024 | 170 | $536.4M | AAPL, MSFT, ERIE, AMZN, MRK |
| Q1 2024 | 164 | $493.0M | AAPL, MSFT, ERIE, V, MRK |