Davidson Investment Advisors
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Davidson Investment Advisors reported 116 stock positions worth $1.9 billion. Its top holding was iShares Core MSCI Dev MKTS (IDEV) at 4.9% of the portfolio, followed by Amazon.com (AMZN, 4.9%) and Alphabet Class C (GOOG, 4.8%). Compared with Q1 2024, it opened 5 new positions, sold out of 4, added to 54 and reduced 50. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale an exit from Electronic Arts (EA).
- Most Recent 13F
- Q2 2026
- Location
- GREAT FALLS, MT
- CIK
- 0001140771
- Portfolio Value
- $1.9B (Q2 2024)
- SEC Filing
- 0001140771-24-000003 ↗ filed Jul 31, 2024
Holdings Value
Holdings 116 stocks · $1.9B
| IDEV iShares Core MSCI Dev MKTS | 4.91% | 1,454,762 | $95.5M | Add +1.8% |
| AMZN Amazon.com Inc. | 4.91% | 494,056 | $95.5M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 4.84% | 513,274 | $94.1M | Reduce -5.5% |
| MSFT Microsoft Corp. | 4.77% | 207,279 | $92.6M | Add +0.6% |
| AAPL Apple Inc. | 4.06% | 375,059 | $79.0M | Add +0.8% |
| WMT Walmart Inc. | 2.35% | 674,857 | $45.7M | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.20% | 195,986 | $42.7M | Add +2.1% |
| HON Honeywell International Inc. | 2.02% | 183,489 | $39.2M | Add +20.9% |
| CVX Chevron Corp. | 1.93% | 239,213 | $37.4M | Reduce -9.3% |
| RTX RTX Corp. | 1.88% | 364,367 | $36.6M | Reduce -0.8% |
| AGNC AGNC Investment Corp. | 1.62% | 3,301,444 | $31.5M | Add +0.6% |
| MDT Medtronic PLC | 1.61% | 398,268 | $31.3M | Reduce -0.1% |
| LH Labcorp Holdings Inc. | 1.61% | 153,832 | $31.3M | Add +10.5% |
| VFMO Vanguard US Momentum Factor | 1.60% | 207,576 | $31.2M | Add +2.1% |
| SRE Sempra | 1.47% | 374,416 | $28.5M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 1.46% | 62,537 | $28.3M | Add +1.2% |
| EUSA iShares MSCI USA Equal Weigh | 1.39% | 306,707 | $27.1M | Add +3.8% |
| C Citigroup Inc. | 1.35% | 414,199 | $26.3M | Add +1.1% |
| INTU Intuit Inc. | 1.34% | 39,586 | $26.0M | Add +2.2% |
| ANET Arista Networks Inc. | 1.28% | 71,129 | $24.9M | Add +0.4% |
| NFLX Netflix Inc. | 1.26% | 36,278 | $24.5M | Add +2.6% |
| BDX Becton Dickinson and Co. | 1.24% | 102,827 | $24.0M | Add +32.5% |
| FDX FedEx Corp. | 1.23% | 79,421 | $23.8M | Add +4.2% |
| ADI Analog Devices Inc. | 1.16% | 99,070 | $22.6M | Reduce -2.8% |
| GIL Gildan Activewear Inc. | 1.13% | 581,348 | $22.0M | Add +2.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.12% | 549,449 | $21.9M | Reduce -2.4% |
| VRTX Vertex Pharmaceuticals Inc. | 1.12% | 46,339 | $21.7M | Add +1.4% |
| STZ Constellation Brands Inc. Class A | 1.12% | 84,351 | $21.7M | Add +2.0% |
| FTNT Fortinet Inc. | 1.08% | 349,505 | $21.1M | Add +30.7% |
| PGR Progressive Corp. | 1.07% | 100,154 | $20.8M | Reduce -0.4% |
| MCHP Microchip Technology Inc. | 1.06% | 225,231 | $20.6M | Add +29.0% |
| AMD Advanced Micro Devices | 1.06% | 126,987 | $20.6M | Add +1.6% |
| TMUS T-Mobile US Inc. | 1.05% | 116,157 | $20.5M | Add +1.4% |
| CRM Salesforce Inc. | 1.04% | 78,321 | $20.1M | Reduce -22.4% |
| EOG EOG Resources Inc. | 1.02% | 157,684 | $19.8M | Add +1.7% |
| MU Micron Technology Inc. | 0.98% | 145,279 | $19.1M | Add +2.1% |
| SCHW Schwab (charles) Corp. | 0.97% | 257,172 | $19.0M | Reduce -2.0% |
| V Visa Inc. Class A | 0.96% | 70,969 | $18.6M | Add +5.2% |
| ADBE Adobe Inc. | 0.95% | 33,285 | $18.5M | Reduce -0.8% |
| JNJ Johnson & Johnson | 0.92% | 122,728 | $17.9M | Reduce -2.0% |
| SO The Southern Co. | 0.92% | 230,374 | $17.9M | Reduce -2.5% |
| TRNO Terreno Realty Corp. | 0.92% | 301,913 | $17.9M | Add +13.6% |
| CTVA Corteva Inc. | 0.88% | 316,040 | $17.0M | Add +1.7% |
| CI The Cigna Group | 0.87% | 51,192 | $16.9M | Add +0.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.87% | 215,687 | $16.8M | Add +1.3% |
| PM Philip Morris International | 0.86% | 165,182 | $16.7M | Reduce -2.8% |
| DT Dynatrace Inc. | 0.85% | 369,275 | $16.5M | Add +75.4% |
| CPT Camden Property Trust | 0.84% | 149,898 | $16.4M | Add +1.8% |
| VPU Vanguard Utilities ETF | 0.83% | 108,762 | $16.1M | Add +1.7% |
| NSC Norfolk Southern Corp. | 0.82% | 74,229 | $15.9M | Add +20.6% |
| ETN Eaton Corp. PLC | 0.81% | 50,361 | $15.8M | Reduce -27.3% |
| OTIS Otis Worldwide Corp. | 0.81% | 163,498 | $15.7M | Reduce -25.1% |
| CSCO Cisco Systems Inc. | 0.81% | 331,164 | $15.7M | Reduce -1.6% |
| APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC | 0.81% | 222,549 | $15.7M | Add +0.9% |
| TRMB Trimble Inc. | 0.80% | 277,740 | $15.5M | Add +19.4% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.77% | 194,828 | $15.0M | Add +0.9% |
| CUBE Cubesmart | 0.75% | 322,390 | $14.6M | Add +1.4% |
| SLAB Silicon Laboratories Inc. | 0.75% | 131,453 | $14.5M | Add +36.7% |
| CMCSA Comcast Corp. Class A | 0.71% | 353,182 | $13.8M | Reduce -1.7% |
| ELAN Elanco Animal Health Inc. | 0.71% | 950,349 | $13.7M | Reduce -2.1% |
| BA The Boeing Co. | 0.67% | 71,531 | $13.0M | Reduce -1.5% |
| SBUX Starbucks Corp. | 0.65% | 162,477 | $12.6M | Reduce -38.9% |
| CVS CVS Health Corp. | 0.65% | 213,929 | $12.6M | Reduce -2.3% |
| ITM Vaneck Intermediate Muni ETF | 0.64% | 272,257 | $12.5M | Add +11.3% |
| EXC Exelon Corp. | 0.64% | 360,283 | $12.5M | Add +0.9% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.64% | 130,767 | $12.5M | Reduce -1.4% |
| LVS Las Vegas Sands Corp. | 0.64% | 281,230 | $12.4M | Reduce -1.2% |
| PYPL PayPal Holdings Inc. | 0.64% | 214,026 | $12.4M | Add +10.6% |
| PFE Pfizer Inc. | 0.64% | 442,122 | $12.4M | Reduce -1.4% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.64% | 116,027 | $12.3M | Add +2.0% |
| FANG Diamondback Energy Inc. | 0.63% | 61,180 | $12.2M | Reduce -2.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.62% | 240,294 | $12.0M | Add +17.6% |
| FIBK First Interstate Bancsys-A | 0.61% | 426,228 | $11.8M | Reduce -2.9% |
| BMY Bristol-Myers Squibb Co. | 0.59% | 274,542 | $11.4M | Add +1.7% |
| PFF iShares Preferred & Income S | 0.55% | 338,202 | $10.7M | Add +2.4% |
| ALGN Align Technology Inc. | 0.55% | 44,073 | $10.6M | Add +9.4% |
| COLB Columbia Banking System Inc. | 0.47% | 460,511 | $9.2M | Reduce -1.4% |
| MOS The Mosaic Co. | 0.43% | 289,700 | $8.4M | Add +94.4% |
| PGNY Progyny Inc. | 0.42% | 283,052 | $8.1M | Add +5.9% |
| WAFD Wafd Inc. | 0.41% | 279,791 | $8.0M | Add +4.2% |
| MUB iShares National Muni Bond E | 0.31% | 55,900 | $6.0M | Reduce -7.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.26% | 98,553 | $5.0M | Add +10.6% |
| DGRO iShares Core Dividend Growth | 0.24% | 81,337 | $4.7M | Reduce -2.1% |
| SHM SS SPDR N Ice St Muni ETF | 0.20% | 81,517 | $3.8M | Reduce -14.4% |
| FLOT iShares Floating Rate Bond E | 0.09% | 32,655 | $1.7M | Reduce -1.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 3,818 | $1.0M | No change |
| JPM JPMorgan Chase & Co. | 0.04% | 4,203 | $850K | Reduce -6.3% |
| GOOGL Alphabet Inc. Class A | 0.04% | 4,430 | $807K | Reduce -13.8% |
| QCOM Qualcomm Inc. | 0.04% | 3,485 | $694K | New |
| CMF iShares California Muni Bond | 0.03% | 11,537 | $656K | Add +46.3% |
| COST Costco Wholesale Corp. | 0.03% | 711 | $604K | Reduce -1.1% |
| VCIT Vanguard Int-Term Corporate | 0.03% | 6,420 | $513K | Reduce -23.2% |
| ABBV Abbvie Inc. | 0.03% | 2,870 | $492K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.02% | 10,270 | $449K | New |
| SYK Stryker Corp. | 0.02% | 1,285 | $437K | Reduce -16.3% |
| CAT Caterpillar Inc. | 0.02% | 1,270 | $423K | Reduce -19.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.02% | 8,057 | $364K | Reduce -3.5% |
| VOO Vanguard S&P 500 ETF | 0.02% | 713 | $357K | Add +0.6% |
| MS Morgan Stanley | 0.02% | 3,623 | $352K | No change |
| PEP Pepsico Inc. | 0.02% | 2,035 | $336K | Reduce -12.2% |
Portfolio Sells Q1 2024 → Q2 2024
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.77 |
| SBUX Starbucks Corp. | Reduce -38.9% | 0.65% | −0.61 |
| CRM Salesforce Inc. | Reduce -22.4% | 1.04% | −0.54 |
| OTIS Otis Worldwide Corp. | Reduce -25.1% | 0.81% | −0.32 |
| ETN Eaton Corp. PLC | Reduce -27.3% | 0.81% | −0.31 |
| CVS CVS Health Corp. | Reduce -2.3% | 0.65% | −0.26 |
| CVX Chevron Corp. | Reduce -9.3% | 1.93% | −0.24 |
| MDT Medtronic PLC | Reduce -0.1% | 1.61% | −0.19 |
| LVS Las Vegas Sands Corp. | Reduce -1.2% | 0.64% | −0.12 |
| ELAN Elanco Animal Health Inc. | Reduce -2.1% | 0.71% | −0.12 |
| JNJ Johnson & Johnson | Reduce -2.0% | 0.92% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -1.7% | 0.71% | −0.10 |
| CSCO Cisco Systems Inc. | Reduce -1.6% | 0.81% | −0.06 |
| BA The Boeing Co. | Reduce -1.5% | 0.67% | −0.06 |
| IGIB iShares 5-10Y Inv Grade Corp. | Sold out | 0.00% | −0.05 |
| SHM SS SPDR N Ice St Muni ETF | Reduce -14.4% | 0.20% | −0.04 |
| MUB iShares National Muni Bond E | Reduce -7.6% | 0.31% | −0.03 |
| ORCL Oracle Corp. | Reduce -73.2% | 0.01% | −0.03 |
| FANG Diamondback Energy Inc. | Reduce -2.9% | 0.63% | −0.02 |
| DE Deere & Co. | Sold out | 0.00% | −0.01 |
| GM General Motors Co. | Reduce -46.8% | 0.01% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -2.0% | 0.97% | −0.01 |
| FIBK First Interstate Bancsys-A | Reduce -2.9% | 0.61% | −0.01 |
| PGR Progressive Corp. | Reduce -0.4% | 1.07% | −0.01 |
| MEI Methode Electronics Inc. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.4% | 0.64% | −0.01 |
| DGRO iShares Core Dividend Growth | Reduce -2.1% | 0.24% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -23.2% | 0.03% | −0.01 |
| CAT Caterpillar Inc. | Reduce -19.1% | 0.02% | −0.01 |
| EQIX Equinix Inc. | Reduce -23.9% | 0.01% | −0.01 |
| SYK Stryker Corp. | Reduce -16.3% | 0.02% | −0.01 |
| HD Home Depot Inc. | Reduce -19.6% | 0.01% | −0.01 |
| PEP Pepsico Inc. | Reduce -12.2% | 0.02% | −0.00 |
| AGG iShares Core U.S. Aggregate | Reduce -21.1% | 0.01% | −0.00 |
| JPM JPMorgan Chase & Co. | Reduce -6.3% | 0.04% | −0.00 |
| FLOT iShares Floating Rate Bond E | Reduce -1.9% | 0.09% | −0.00 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -3.5% | 0.02% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -4.5% | 0.01% | −0.00 |
| IXUS iShares Core Intl Stock ETF | Reduce -2.7% | 0.01% | −0.00 |
| NVDA Nvidia Corp. | Reduce -22.0% | 0.02% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -13.8% | 0.04% | +0.00 |
| COLB Columbia Banking System Inc. | Reduce -1.4% | 0.47% | +0.00 |
| COST Costco Wholesale Corp. | Reduce -1.1% | 0.03% | +0.00 |
| BAC Bank of America Corp. | Reduce -2.4% | 1.12% | +0.02 |
| RTX RTX Corp. | Reduce -0.8% | 1.88% | +0.02 |
| SO The Southern Co. | Reduce -2.5% | 0.92% | +0.04 |
| IFF Intl Flavors & Fragrances | Reduce -1.4% | 0.64% | +0.05 |
| PM Philip Morris International | Reduce -2.8% | 0.86% | +0.05 |
| SRE Sempra | Reduce -0.1% | 1.47% | +0.07 |
| ADBE Adobe Inc. | Reduce -0.8% | 0.95% | +0.07 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +0.8% | 4.06% | +0.75 |
| HON Honeywell International Inc. | Add +20.9% | 2.02% | +0.40 |
| DT Dynatrace Inc. | Add +75.4% | 0.85% | +0.34 |
| MSFT Microsoft Corp. | Add +0.6% | 4.77% | +0.26 |
| MCHP Microchip Technology Inc. | Add +29.0% | 1.06% | +0.25 |
| BDX Becton Dickinson and Co. | Add +32.5% | 1.24% | +0.24 |
| ANET Arista Networks Inc. | Add +0.4% | 1.28% | +0.22 |
| MOS The Mosaic Co. | Add +94.4% | 0.43% | +0.18 |
| NFLX Netflix Inc. | Add +2.6% | 1.26% | +0.14 |
| FTNT Fortinet Inc. | Add +30.7% | 1.08% | +0.13 |
| VRTX Vertex Pharmaceuticals Inc. | Add +1.4% | 1.12% | +0.13 |
| AZN Astrazeneca PLC-Spons ADR | Add +1.3% | 0.87% | +0.12 |
| GS Goldman Sachs Group Inc. | Add +1.2% | 1.46% | +0.11 |
| MU Micron Technology Inc. | Add +2.1% | 0.98% | +0.11 |
| CPT Camden Property Trust | Add +1.8% | 0.84% | +0.09 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +17.6% | 0.62% | +0.08 |
| TMUS T-Mobile US Inc. | Add +1.4% | 1.05% | +0.08 |
| FDX FedEx Corp. | Add +4.2% | 1.23% | +0.08 |
| ITM Vaneck Intermediate Muni ETF | Add +11.3% | 0.64% | +0.05 |
| VPU Vanguard Utilities ETF | Add +1.7% | 0.83% | +0.04 |
| QCOM Qualcomm Inc. | New | 0.04% | +0.04 |
| GIL Gildan Activewear Inc. | Add +2.0% | 1.13% | +0.03 |
| LH Labcorp Holdings Inc. | Add +10.5% | 1.61% | +0.03 |
| SLAB Silicon Laboratories Inc. | Add +36.7% | 0.75% | +0.03 |
| INTU Intuit Inc. | Add +2.2% | 1.34% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | New | 0.02% | +0.02 |
| JMST JPM Ultra-Short Muni Income | Add +10.6% | 0.26% | +0.02 |
| TRMB Trimble Inc. | Add +19.4% | 0.80% | +0.02 |
| PFLC Pacific Financial Corp. | New | 0.02% | +0.02 |
| DUK Duke Energy Corp. | New | 0.02% | +0.02 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| CMF iShares California Muni Bond | Add +46.3% | 0.03% | +0.01 |
| VFMO Vanguard US Momentum Factor | Add +2.1% | 1.60% | +0.01 |
| WAFD Wafd Inc. | Add +4.2% | 0.41% | +0.01 |
| C Citigroup Inc. | Add +1.1% | 1.35% | +0.01 |
| NSC Norfolk Southern Corp. | Add +20.6% | 0.82% | +0.00 |
| GBCI Glacier Bancorp Inc. | Add +45.9% | 0.02% | +0.00 |
| CUBE Cubesmart | Add +1.4% | 0.75% | +0.00 |
| TRNO Terreno Realty Corp. | Add +13.6% | 0.92% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.6% | 0.02% | +0.00 |
| EUSA iShares MSCI USA Equal Weigh | Add +3.8% | 1.39% | −0.00 |
| PFF iShares Preferred & Income S | Add +2.4% | 0.55% | −0.00 |
| EOG EOG Resources Inc. | Add +1.7% | 1.02% | −0.01 |
| V Visa Inc. Class A | Add +5.2% | 0.96% | −0.02 |
| FUL H.B. Fuller Co. | Add +0.9% | 0.77% | −0.03 |
| PYPL PayPal Holdings Inc. | Add +10.6% | 0.64% | −0.03 |
| STZ Constellation Brands Inc. Class A | Add +2.0% | 1.12% | −0.05 |
| CTVA Corteva Inc. | Add +1.7% | 0.88% | −0.05 |
| EXC Exelon Corp. | Add +0.9% | 0.64% | −0.06 |
| AGNC AGNC Investment Corp. | Add +0.6% | 1.62% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 123 | $2.4B | IXUS, GOOG, AMZN, AAPL, TSM |
| Q1 2026Amended | 126 | $2.3B | IXUS, GOOG, AMZN, MSFT, AAPL |
| Q4 2025 | 119 | $2.4B | IXUS, GOOG, MSFT, AMZN, AAPL |
| Q3 2025 | 122 | $2.4B | IXUS, MSFT, GOOG, AMZN, AAPL |
| Q2 2025 | 121 | $2.2B | IXUS, MSFT, AMZN, GOOG, AAPL |
| Q1 2025 | 120 | $2.0B | IDEV, MSFT, AAPL, AMZN, GOOG |
| Q4 2024 | 122 | $2.1B | GOOG, AMZN, IDEV, AAPL, MSFT |
| Q3 2024 | 118 | $2.1B | IDEV, MSFT, AAPL, AMZN, GOOG |
| Q2 2024 | 116 | $1.9B | IDEV, AMZN, GOOG, MSFT, AAPL |
| Q1 2024 | 115 | $1.9B | IDEV, AMZN, MSFT, GOOG, AAPL |