Curbstone Financial Management Corp
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Curbstone Financial Management Corp reported 202 stock positions worth $522.6 million. Its top holding was SS SPDR BB Ig Float RT ETF (FLRN) at 7.5% of the portfolio, followed by Schwab Intl Equity ETF (SCHF, 3.9%) and State Street SPDR S&P Midcap (MDY, 3.7%). Compared with Q4 2025, it opened 10 new positions, sold out of 9, added to 47 and reduced 69. The biggest buy was Schwab US DVD Equity ETF (SCHD, shares +3%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, NH
- CIK
- 0001608057
- Portfolio Value
- $522.6M (Q1 2026)
- SEC Filing
- 0001608057-26-000004 ↗ filed Apr 15, 2026
Holdings Value
Holdings 202 stocks · $522.6M
| FLRN SS SPDR BB Ig Float RT ETF | 7.48% | 1,270,626 | $39.1M | Add +1.1% |
| SCHF Schwab Intl Equity ETF | 3.89% | 821,161 | $20.3M | Add +0.8% |
| MDY State Street SPDR S&P Midcap | 3.68% | 31,188 | $19.2M | Reduce -0.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.17% | 208,934 | $16.6M | Reduce -0.9% |
| SCHM Schwab US Mid Cap ETF | 3.05% | 515,319 | $16.0M | Add +3.5% |
| VOO Vanguard S&P 500 ETF | 2.97% | 25,972 | $15.5M | Reduce -1.8% |
| SCHD Schwab US DVD Equity ETF | 2.97% | 505,810 | $15.5M | Add +3.2% |
| AAPL Apple Inc. | 2.93% | 60,431 | $15.3M | Reduce -2.7% |
| SCHG Schwab US Large-Cap Growth | 2.86% | 512,255 | $14.9M | Add +1.2% |
| VCIT Vanguard Int-Term Corporate | 2.15% | 135,928 | $11.2M | Add +7.9% |
| GOOG Alphabet Inc. Class C | 1.87% | 34,027 | $9.8M | Reduce -4.3% |
| SCHA Schwab US Small-Cap ETF | 1.82% | 327,468 | $9.5M | Add +1.6% |
| MSFT Microsoft Corp. | 1.57% | 22,128 | $8.2M | Add +1.2% |
| SCHB Schwab US Broad Market ETF | 1.45% | 302,522 | $7.6M | Reduce -0.3% |
| RSP Invesco S&P 500 Equal Weight | 1.45% | 39,467 | $7.6M | Add +2.9% |
| AMZN Amazon.com Inc. | 1.39% | 34,790 | $7.2M | Reduce -0.5% |
| SCHX Schwab US Large-Cap ETF | 1.37% | 278,800 | $7.1M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 1.26% | 38,964 | $6.6M | Reduce -2.8% |
| JPM JPMorgan Chase & Co. | 1.21% | 21,420 | $6.3M | Reduce -3.4% |
| JNJ Johnson & Johnson | 1.19% | 25,366 | $6.2M | Reduce -1.9% |
| TIP iShares Tips Bond ETF | 1.13% | 53,340 | $5.9M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 1.11% | 74,762 | $5.8M | Reduce -0.1% |
| SCHP Schwab U.S. Tips ETF | 1.04% | 204,170 | $5.4M | Add +3.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.99% | 32,424 | $5.2M | Reduce -3.0% |
| MUB iShares National Muni Bond E | 0.95% | 46,992 | $5.0M | Add +12.3% |
| MCI Barings Corporate Investors | 0.95% | 289,134 | $5.0M | Reduce -1.7% |
| RTX RTX Corp. | 0.92% | 24,988 | $4.8M | Reduce -1.4% |
| BBEU JPMorgan Betabuilders Europe | 0.89% | 63,980 | $4.6M | Add +1.8% |
| SCHZ Schwab US Aggregate Bond ETF | 0.83% | 187,500 | $4.4M | Add +21.4% |
| SUB iShares Short-Term National | 0.82% | 40,460 | $4.3M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.78% | 6,299 | $4.1M | Reduce -3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 8,278 | $4.0M | Reduce -1.3% |
| EFA iShares MSCI Eafe ETF | 0.74% | 39,833 | $3.9M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.70% | 12,130 | $3.7M | Reduce -3.3% |
| PFF iShares Preferred & Income S | 0.69% | 119,793 | $3.6M | Add +0.3% |
| PEP Pepsico Inc. | 0.69% | 23,328 | $3.6M | Add +0.4% |
| HY Hyster-Yale Inc. | 0.67% | 107,398 | $3.5M | Add +46.1% |
| V Visa Inc. Class A | 0.65% | 11,182 | $3.4M | Add +0.5% |
| NVDA Nvidia Corp. | 0.64% | 19,270 | $3.4M | Reduce -0.7% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.64% | 63,190 | $3.3M | Add +1.6% |
| PG The Procter & Gamble Co. | 0.59% | 21,390 | $3.1M | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.59% | 3,352 | $3.1M | Reduce -1.2% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.58% | 91,744 | $3.0M | Add +0.3% |
| NC Nacco Industries Class A | 0.57% | 57,542 | $3.0M | No change |
| MRK Merck & Co. Inc. | 0.55% | 24,064 | $2.9M | Add +0.8% |
| CVX Chevron Corp. | 0.53% | 13,406 | $2.8M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 0.51% | 9,278 | $2.7M | Reduce -3.2% |
| PSX Phillips 66 | 0.50% | 14,454 | $2.6M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 0.50% | 3,976 | $2.6M | Add +3.7% |
| HBB Hamilton Beach Brand-A | 0.50% | 136,898 | $2.6M | No change |
| KKR KKR & Co. Inc. | 0.49% | 27,888 | $2.6M | Reduce -0.7% |
| NEE Nextera Energy Inc. | 0.49% | 27,438 | $2.5M | Add +2.0% |
| ABT Abbott Laboratories | 0.47% | 23,854 | $2.4M | Add +2.9% |
| HON Honeywell International Inc. | 0.45% | 10,390 | $2.3M | Reduce -1.3% |
| IOO iShares Global 100 ETF | 0.44% | 19,150 | $2.3M | No change |
| ABBV Abbvie Inc. | 0.44% | 10,581 | $2.3M | Reduce -1.7% |
| HD Home Depot Inc. | 0.41% | 6,490 | $2.1M | Reduce -0.5% |
| SYY Sysco Corp. | 0.39% | 28,224 | $2.0M | Reduce -0.2% |
| CHKP Check Point Software Tech | 0.38% | 13,798 | $2.0M | No change |
| INTC Intel Corp. | 0.37% | 44,363 | $2.0M | No change |
| USB US Bancorp | 0.37% | 37,182 | $1.9M | Reduce -0.4% |
| KO The Coca-Cola Co. | 0.36% | 24,996 | $1.9M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL MEDIUM | 0.35% | 13,634 | $1.8M | Reduce -0.4% |
| HACK Amplify Cybersecurity ETF | 0.35% | 24,390 | $1.8M | Add +0.7% |
| WMT Walmart Inc. | 0.35% | 14,574 | $1.8M | Reduce -0.6% |
| ADSK Autodesk Inc. | 0.35% | 7,550 | $1.8M | No change |
| PHO Invesco Water Resources ETF | 0.34% | 26,700 | $1.8M | No change |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 0.33% | 25,166 | $1.7M | Add +2.8% |
| ULTA Ulta Beauty Inc. | 0.33% | 3,250 | $1.7M | Reduce -3.9% |
| AVGO Broadcom Inc. | 0.32% | 5,450 | $1.7M | No change |
| IBMR iShares Ibonds Dec 2029 M BD | 0.32% | 66,170 | $1.7M | Add +9.8% |
| MCD McDonald's Corp. | 0.32% | 5,344 | $1.7M | Add +1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.31% | 16,850 | $1.6M | No change |
| VZ Verizon Communications Inc. | 0.31% | 32,118 | $1.6M | No change |
| PEGA Pegasystems Inc. | 0.29% | 35,904 | $1.5M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.29% | 20,028 | $1.5M | No change |
| ORCL Oracle Corp. | 0.28% | 10,106 | $1.5M | Reduce -0.5% |
| VRSK Verisk Analytics Inc. | 0.28% | 7,810 | $1.5M | No change |
| ITW Illinois Tool Works | 0.28% | 5,636 | $1.5M | No change |
| GSAT Globalstar Inc. | 0.28% | 22,000 | $1.5M | No change |
| CL Colgate-Palmolive Co. | 0.27% | 16,840 | $1.4M | Reduce -0.9% |
| TXN Texas Instruments Inc. | 0.27% | 7,332 | $1.4M | Add +1.7% |
| OEF iShares S&P 100 ETF | 0.27% | 4,410 | $1.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 4,066 | $1.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.26% | 27,638 | $1.3M | Add +0.4% |
| ZTS Zoetis Inc. | 0.25% | 11,260 | $1.3M | No change |
| HOLX Hologic Inc. | 0.25% | 17,546 | $1.3M | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.24% | 21,250 | $1.3M | No change |
| SON Sonoco Products Co. | 0.24% | 23,010 | $1.2M | No change |
| TGT Target Corp. | 0.23% | 10,058 | $1.2M | Reduce -1.6% |
| PFE Pfizer Inc. | 0.23% | 43,297 | $1.2M | Reduce -3.4% |
| GLW Corning Inc. | 0.23% | 8,926 | $1.2M | Reduce -2.2% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 4,262 | $1.2M | Add +1.2% |
| WY Weyerhaeuser Co. | 0.23% | 48,898 | $1.2M | Reduce -1.9% |
| CARR Carrier Global Corp. | 0.23% | 21,098 | $1.2M | No change |
| GEV GE Vernova Inc. | 0.22% | 1,336 | $1.2M | No change |
| FAST Fastenal Co. | 0.22% | 24,964 | $1.2M | Reduce -0.8% |
| IDV iShares International Select | 0.22% | 27,010 | $1.1M | Add +20.0% |
| AFL Aflac Inc. | 0.22% | 10,470 | $1.1M | Reduce -1.7% |
| CVS CVS Health Corp. | 0.22% | 15,732 | $1.1M | No change |
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -2.7% | 2.93% | −0.29 |
| GOOG Alphabet Inc. Class C | Reduce -4.3% | 1.87% | −0.27 |
| VOO Vanguard S&P 500 ETF | Reduce -1.8% | 2.97% | −0.20 |
| KKR KKR & Co. Inc. | Reduce -0.7% | 0.49% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -3.4% | 1.21% | −0.16 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.16 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 1.39% | −0.16 |
| LLY Eli Lilly & Co. | Reduce -1.2% | 0.59% | −0.11 |
| SMTH Alps SMTH Cor BD Plus ETF | Sold out | 0.00% | −0.11 |
| GVI iShares Intermediate Governm | Sold out | 0.00% | −0.10 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.10 |
| ORCL Oracle Corp. | Reduce -0.5% | 0.28% | −0.09 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −0.08 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.08 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.08 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.2% | 1.37% | −0.07 |
| SCHB Schwab US Broad Market ETF | Reduce -0.3% | 1.45% | −0.07 |
| MCI Barings Corporate Investors | Reduce -1.7% | 0.95% | −0.07 |
| ULTA Ulta Beauty Inc. | Reduce -3.9% | 0.33% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.1% | 0.78% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -3.2% | 0.51% | −0.06 |
| CRM Salesforce Inc. | Reduce -0.3% | 0.14% | −0.06 |
| AVAV Aerovironment Inc. | Reduce -3.1% | 0.16% | −0.06 |
| BX Blackstone Inc. | Reduce -0.2% | 0.15% | −0.05 |
| NVDA Nvidia Corp. | Reduce -0.7% | 0.64% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.9% | 3.17% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 0.76% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.4% | 0.14% | −0.04 |
| ABBV Abbvie Inc. | Reduce -1.7% | 0.44% | −0.03 |
| GM General Motors Co. | Reduce -2.0% | 0.21% | −0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -3.3% | 0.70% | −0.02 |
| HD Home Depot Inc. | Reduce -0.5% | 0.41% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -0.8% | 0.09% | −0.02 |
| MS Morgan Stanley | Reduce -1.7% | 0.18% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.0% | 0.10% | −0.01 |
| SYY Sysco Corp. | Reduce -0.2% | 0.39% | −0.01 |
| SJM The JM Smucker Co. | Reduce -5.4% | 0.18% | −0.01 |
| USB US Bancorp | Reduce -0.4% | 0.37% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -1.8% | 0.18% | −0.01 |
| AMCR Amcor PLC | Reduce -5.7% | 0.08% | −0.01 |
| KFY Korn Ferry | Reduce -2.0% | 0.09% | −0.01 |
| QSI Quantum-Si Inc. | Sold out | 0.00% | −0.01 |
| AFL Aflac Inc. | Reduce -1.7% | 0.22% | −0.00 |
| PNC PNC Financial Services Group | Reduce -0.9% | 0.09% | −0.00 |
| TIP iShares Tips Bond ETF | Reduce -0.5% | 1.13% | −0.00 |
| WDFC WD-40 Co. | Reduce -3.9% | 0.10% | −0.00 |
| PRIMARY HYDROGEN CORPORATION | Sold out | 0.00% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.0% | 0.09% | +0.00 |
| BNY Bank of New York Mellon Corp. | Reduce -1.1% | 0.20% | +0.00 |
| WY Weyerhaeuser Co. | Reduce -1.9% | 0.23% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| SCHD Schwab US DVD Equity ETF | Add +3.2% | 2.97% | +0.40 |
| HY Hyster-Yale Inc. | Add +46.1% | 0.67% | +0.25 |
| SCHM Schwab US Mid Cap ETF | Add +3.5% | 3.05% | +0.19 |
| SCHF Schwab Intl Equity ETF | Add +0.8% | 3.89% | +0.14 |
| SCHZ Schwab US Aggregate Bond ETF | Add +21.4% | 0.83% | +0.14 |
| VCIT Vanguard Int-Term Corporate | Add +7.9% | 2.15% | +0.13 |
| IBMT iShares Ibonds Dec 2031 Muni | New | 0.11% | +0.11 |
| MUB iShares National Muni Bond E | Add +12.3% | 0.95% | +0.10 |
| VLO Valero Energy Corp. | New | 0.09% | +0.09 |
| LMT Lockheed Martin Corp. | New | 0.09% | +0.09 |
| FLRN SS SPDR BB Ig Float RT ETF | Add +1.1% | 7.48% | +0.09 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.09% | +0.09 |
| DUK Duke Energy Corp. | New | 0.08% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.08% | +0.08 |
| PPL PPL Corp. | New | 0.08% | +0.08 |
| LSTR Landstar System Inc. | New | 0.08% | +0.08 |
| GRMN Garmin Ltd. | New | 0.08% | +0.08 |
| SCCO Southern Copper Corp. | New | 0.08% | +0.08 |
| NEE Nextera Energy Inc. | Add +2.0% | 0.49% | +0.07 |
| MRK Merck & Co. Inc. | Add +0.8% | 0.55% | +0.07 |
| SCHA Schwab US Small-Cap ETF | Add +1.6% | 1.82% | +0.07 |
| PEP Pepsico Inc. | Add +0.4% | 0.69% | +0.06 |
| IDV iShares International Select | Add +20.0% | 0.22% | +0.05 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +54.8% | 0.12% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +2.9% | 1.45% | +0.04 |
| SCHP Schwab U.S. Tips ETF | Add +3.5% | 1.04% | +0.04 |
| IBDR iShares Ibonds Dec 2026 Term | Add +37.7% | 0.14% | +0.04 |
| TXN Texas Instruments Inc. | Add +1.7% | 0.27% | +0.03 |
| COST Costco Wholesale Corp. | Add +3.3% | 0.18% | +0.03 |
| IBMR iShares Ibonds Dec 2029 M BD | Add +9.8% | 0.32% | +0.03 |
| IBMS ISHARESIBONDDEC2030MUNIBDETF | Add +37.2% | 0.10% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +2.0% | 0.21% | +0.03 |
| AIPO Defiance AI & Power Infr ETF | Add +7.4% | 0.10% | +0.02 |
| MCD McDonald's Corp. | Add +1.7% | 0.32% | +0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +1.6% | 0.64% | +0.01 |
| LAES Sealsq Corp. | Add +100.0% | 0.02% | +0.01 |
| BBEU JPMorgan Betabuilders Europe | Add +1.8% | 0.89% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.3% | 0.58% | +0.01 |
| ROBO Robo Global Robotics and Aut | Add +2.8% | 0.33% | +0.00 |
| IBDU iShares Ibonds Dec 2029 Term | Add +4.4% | 0.13% | +0.00 |
| VNQ Vanguard Real Estate ETF | Add +1.6% | 0.17% | +0.00 |
| SUB iShares Short-Term National | Add +0.5% | 0.82% | +0.00 |
| NSC Norfolk Southern Corp. | Add +1.1% | 0.15% | +0.00 |
| SPIB SS SPDR P Int C Corp. ETF | Add +1.1% | 0.08% | +0.00 |
| TFC Truist Financial Corp. | Add +1.9% | 0.08% | −0.00 |
| IVV iShares Core S&P 500 ETF | Add +3.7% | 0.50% | −0.01 |
| MDT Medtronic PLC | Add +2.7% | 0.10% | −0.01 |
| BA The Boeing Co. | Add +0.8% | 0.09% | −0.01 |
| PFF iShares Preferred & Income S | Add +0.3% | 0.69% | −0.01 |
| GE General Electric | Add +1.2% | 0.23% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 215 | $587.0M | FLRN, SCHF, MDY, AAPL, SCHM |
| Q1 2026 | 202 | $522.6M | FLRN, SCHF, MDY, VCSH, SCHM |
| Q4 2025 | 201 | $522.7M | FLRN, SCHF, MDY, AAPL, VCSH |
| Q3 2025 | 209 | $520.1M | FLRN, MDY, SCHF, VOO, SCHG |
| Q2 2025 | 200 | $487.4M | FLRN, MDY, SCHF, VOO, VCSH |
| Q1 2025 | 192 | $474.5M | FLRN, VCSH, MDY, SCHF, VOO |
| Q4 2024 | 190 | $472.2M | FLRN, MDY, AAPL, VCSH, VOO |
| Q3 2024 | 196 | $467.5M | FLRN, MDY, VCSH, AAPL, VOO |
| Q2 2024 | 198 | $460.4M | FLRN, VCSH, MDY, AAPL, VOO |
| Q1 2024 | 188 | $462.9M | FLRN, VCSH, MDY, SCHF, SCHM |