Davidson Investment Advisors
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Davidson Investment Advisors reported 122 stock positions worth $2.1 billion. Its top holding was Alphabet Class C (GOOG) at 4.9% of the portfolio, followed by Amazon.com (AMZN, 4.8%) and iShares Core MSCI Dev MKTS (IDEV, 4.8%). Compared with Q3 2024, it opened 7 new positions, sold out of 3, added to 53 and reduced 56. The biggest buy was a new position in Taiwan Semiconductor-SP ADR (TSM) and the biggest sale an exit from Microchip Technology (MCHP).
- Most Recent 13F
- Q2 2026
- Location
- GREAT FALLS, MT
- CIK
- 0001140771
- Portfolio Value
- $2.1B (Q4 2024)
- SEC Filing
- 0001080107-25-000002 ↗ filed Jan 31, 2025
Holdings Value
Holdings 122 stocks · $2.1B
| GOOG Alphabet Inc. Class C | 4.86% | 525,657 | $100.1M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 4.81% | 451,710 | $99.1M | Reduce -5.8% |
| IDEV iShares Core MSCI Dev MKTS | 4.76% | 1,520,640 | $98.0M | Add +1.0% |
| AAPL Apple Inc. | 4.64% | 381,702 | $95.6M | Reduce -1.0% |
| MSFT Microsoft Corp. | 4.37% | 213,629 | $90.0M | Reduce -0.7% |
| WMT Walmart Inc. | 2.43% | 552,797 | $49.9M | Reduce -15.0% |
| RTX RTX Corp. | 2.10% | 373,680 | $43.2M | Reduce -0.9% |
| HON Honeywell International Inc. | 2.08% | 189,372 | $42.8M | Reduce -0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.91% | 163,699 | $39.3M | Add +0.1% |
| LH Labcorp Holdings Inc. | 1.77% | 158,912 | $36.4M | Reduce -0.2% |
| NFLX Netflix Inc. | 1.67% | 38,635 | $34.4M | Add +1.6% |
| SRE Sempra | 1.64% | 384,041 | $33.7M | Reduce -0.4% |
| ANET Arista Networks Inc. | 1.61% | 300,665 | $33.2M | Add +1.3% |
| CVX Chevron Corp. | 1.55% | 220,726 | $32.0M | Reduce -10.4% |
| AVGO Broadcom Inc. | 1.53% | 136,086 | $31.6M | Add +37.1% |
| AGNC AGNC Investment Corp. | 1.49% | 3,327,270 | $30.6M | Reduce -2.8% |
| C Citigroup Inc. | 1.49% | 435,085 | $30.6M | Add +0.7% |
| MDT Medtronic PLC | 1.41% | 362,022 | $28.9M | Reduce -11.9% |
| GS Goldman Sachs Group Inc. | 1.40% | 50,489 | $28.9M | Add +1.6% |
| CRM Salesforce Inc. | 1.35% | 83,139 | $27.8M | Add +1.4% |
| V Visa Inc. Class A | 1.33% | 86,830 | $27.4M | Add +1.7% |
| TMUS T-Mobile US Inc. | 1.32% | 122,926 | $27.1M | Add +1.3% |
| INTU Intuit Inc. | 1.28% | 41,940 | $26.4M | Add +1.3% |
| HD Home Depot Inc. | 1.22% | 64,369 | $25.0M | Add +2.5% |
| FTNT Fortinet Inc. | 1.21% | 264,556 | $25.0M | Reduce -27.8% |
| VRTX Vertex Pharmaceuticals Inc. | 1.20% | 61,161 | $24.6M | Add +26.0% |
| PGR Progressive Corp. | 1.19% | 101,897 | $24.4M | Reduce -0.4% |
| BDX Becton Dickinson and Co. | 1.18% | 106,786 | $24.2M | Reduce -0.8% |
| CSCO Cisco Systems Inc. | 1.16% | 401,699 | $23.8M | Reduce -0.8% |
| FDX FedEx Corp. | 1.15% | 84,127 | $23.7M | Add +1.3% |
| PYPL PayPal Holdings Inc. | 1.12% | 269,836 | $23.0M | Add +1.5% |
| DT Dynatrace Inc. | 1.12% | 422,320 | $23.0M | Add +8.8% |
| VFMO Vanguard US Momentum Factor | 1.02% | 128,047 | $21.0M | Reduce -0.7% |
| GIL Gildan Activewear Inc. | 1.00% | 437,314 | $20.6M | Add +1.3% |
| EOG EOG Resources Inc. | 0.99% | 165,495 | $20.3M | Add +0.5% |
| PM Philip Morris International | 0.95% | 161,716 | $19.5M | Reduce -2.8% |
| EUSA iShares MSCI USA Equal Weigh | 0.94% | 203,831 | $19.4M | Reduce -3.3% |
| STZ Constellation Brands Inc. Class A | 0.93% | 86,997 | $19.2M | Reduce -0.9% |
| ADI Analog Devices Inc. | 0.93% | 90,341 | $19.2M | Reduce -7.8% |
| SCHW Schwab (charles) Corp. | 0.93% | 259,327 | $19.2M | Reduce -1.2% |
| CTVA Corteva Inc. | 0.92% | 334,220 | $19.0M | Add +1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.92% | 431,739 | $19.0M | Reduce -0.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.92% | 95,994 | $19.0M | New |
| TRMB Trimble Inc. | 0.92% | 267,110 | $18.9M | Reduce -5.9% |
| SO The Southern Co. | 0.90% | 223,840 | $18.4M | Reduce -3.4% |
| CPT Camden Property Trust | 0.89% | 157,111 | $18.2M | Add +1.0% |
| ETN Eaton Corp. PLC | 0.86% | 53,474 | $17.7M | Add +2.0% |
| SLAB Silicon Laboratories Inc. | 0.84% | 139,807 | $17.4M | Add +1.0% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.84% | 345,603 | $17.3M | Add +14.1% |
| JNJ Johnson & Johnson | 0.84% | 119,311 | $17.3M | Reduce -3.8% |
| TRNO Terreno Realty Corp. | 0.82% | 283,937 | $16.8M | Reduce -6.8% |
| BMY Bristol-Myers Squibb Co. | 0.80% | 291,321 | $16.5M | Add +1.3% |
| AMD Advanced Micro Devices | 0.79% | 134,542 | $16.3M | Add +0.8% |
| OTIS Otis Worldwide Corp. | 0.78% | 173,540 | $16.1M | Add +1.6% |
| ITM Vaneck Intermediate Muni ETF | 0.75% | 335,364 | $15.5M | Add +7.5% |
| BA The Boeing Co. | 0.74% | 86,257 | $15.3M | Add +17.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.73% | 227,775 | $14.9M | Add +0.9% |
| CI The Cigna Group | 0.72% | 53,846 | $14.9M | Add +1.1% |
| CUBE Cubesmart | 0.71% | 340,910 | $14.6M | Add +1.2% |
| EXC Exelon Corp. | 0.69% | 377,845 | $14.2M | Add +0.4% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.68% | 206,653 | $13.9M | Add +1.5% |
| LVS Las Vegas Sands Corp. | 0.67% | 269,822 | $13.9M | Reduce -6.2% |
| ICE Intercontinental Exchange Inc. | 0.66% | 91,468 | $13.6M | Add +39.4% |
| APTV Aptiv PLC | 0.64% | 216,825 | $13.1M | Reduce -7.5% |
| NSC Norfolk Southern Corp. | 0.63% | 55,068 | $12.9M | Reduce -27.4% |
| MU Micron Technology Inc. | 0.63% | 153,330 | $12.9M | Add +1.2% |
| FIBK First Interstate Bancsys-A | 0.62% | 394,656 | $12.8M | Reduce -9.2% |
| CMCSA Comcast Corp. Class A | 0.61% | 337,029 | $12.6M | Reduce -6.8% |
| ADBE Adobe Inc. | 0.59% | 27,083 | $12.0M | Reduce -7.2% |
| ELAN Elanco Animal Health Inc. | 0.53% | 896,866 | $10.9M | Reduce -7.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.51% | 123,071 | $10.4M | Reduce -8.0% |
| UNH Unitedhealth Group Inc. | 0.46% | 18,857 | $9.5M | New |
| WAFD Wafd Inc. | 0.46% | 295,524 | $9.5M | Add +1.8% |
| ALGN Align Technology Inc. | 0.46% | 45,468 | $9.5M | Reduce -0.3% |
| FANG Diamondback Energy Inc. | 0.46% | 57,171 | $9.4M | Reduce -7.3% |
| PFE Pfizer Inc. | 0.45% | 350,604 | $9.3M | Reduce -22.3% |
| DGRO iShares Core Dividend Growth | 0.39% | 131,728 | $8.1M | Reduce -9.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.39% | 158,729 | $8.0M | Add +24.7% |
| CVS CVS Health Corp. | 0.35% | 161,371 | $7.2M | Reduce -26.8% |
| VYM Vanguard High DVD Yield ETF | 0.35% | 56,396 | $7.2M | Reduce -3.3% |
| MOS The Mosaic Co. | 0.30% | 253,048 | $6.2M | Reduce -15.3% |
| ITOT iShares Core S&P Total U.S. | 0.30% | 48,281 | $6.2M | Add +1.4% |
| MUB iShares National Muni Bond E | 0.26% | 49,428 | $5.3M | Reduce -8.0% |
| SHM SS SPDR N Ice St Muni ETF | 0.18% | 76,928 | $3.6M | Add +0.1% |
| PFF iShares Preferred & Income S | 0.16% | 106,017 | $3.3M | Reduce -2.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 3,818 | $1.1M | No change |
| IJH iShares Core S&P Midcap ETF | 0.05% | 17,155 | $1.1M | New |
| JPM JPMorgan Chase & Co. | 0.05% | 4,434 | $1.1M | Add +3.0% |
| GOOGL Alphabet Inc. Class A | 0.04% | 4,750 | $899K | Add +7.7% |
| VWO Vanguard Ftse Emerging Marke | 0.04% | 18,677 | $823K | Add +78.3% |
| COST Costco Wholesale Corp. | 0.03% | 768 | $703K | Add +4.5% |
| TSLA Tesla Inc. | 0.03% | 1,678 | $678K | Add +14.2% |
| CMF iShares California Muni Bond | 0.03% | 11,669 | $668K | Add +5.1% |
| NVDA Nvidia Corp. | 0.03% | 4,488 | $603K | Add +75.5% |
| ABBV Abbvie Inc. | 0.02% | 2,869 | $510K | Reduce -0.0% |
| SYK Stryker Corp. | 0.02% | 1,390 | $500K | Add +2.2% |
| GLD SPDR Gold Shares | 0.02% | 1,945 | $471K | New |
| IJR iShares Core S&P Small-Cap E | 0.02% | 3,916 | $451K | New |
| QCOM Qualcomm Inc. | 0.02% | 2,850 | $438K | Reduce -8.1% |
| CAT Caterpillar Inc. | 0.02% | 1,197 | $434K | Reduce -5.8% |
Portfolio Sells Q3 2024 → Q4 2024
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.92 |
| COLB Columbia Banking System Inc. | Reduce -98.1% | 0.01% | −0.57 |
| MDT Medtronic PLC | Reduce -11.9% | 1.41% | −0.38 |
| CVS CVS Health Corp. | Reduce -26.8% | 0.35% | −0.32 |
| NSC Norfolk Southern Corp. | Reduce -27.4% | 0.63% | −0.28 |
| AGNC AGNC Investment Corp. | Reduce -2.8% | 1.49% | −0.24 |
| CVX Chevron Corp. | Reduce -10.4% | 1.55% | −0.20 |
| PFE Pfizer Inc. | Reduce -22.3% | 0.45% | −0.18 |
| APTV Aptiv PLC | Reduce -7.5% | 0.64% | −0.18 |
| IFF Intl Flavors & Fragrances | Reduce -8.0% | 0.51% | −0.17 |
| TRNO Terreno Realty Corp. | Reduce -6.8% | 0.82% | −0.17 |
| ELAN Elanco Animal Health Inc. | Reduce -7.5% | 0.53% | −0.16 |
| FTNT Fortinet Inc. | Reduce -27.8% | 1.21% | −0.16 |
| STZ Constellation Brands Inc. Class A | Reduce -0.9% | 0.93% | −0.16 |
| ADI Analog Devices Inc. | Reduce -7.8% | 0.93% | −0.16 |
| ADBE Adobe Inc. | Reduce -7.2% | 0.59% | −0.14 |
| JNJ Johnson & Johnson | Reduce -3.8% | 0.84% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -6.8% | 0.61% | −0.11 |
| SO The Southern Co. | Reduce -3.4% | 0.90% | −0.11 |
| WMT Walmart Inc. | Reduce -15.0% | 2.43% | −0.11 |
| RTX RTX Corp. | Reduce -0.9% | 2.10% | −0.10 |
| ALGN Align Technology Inc. | Reduce -0.3% | 0.46% | −0.10 |
| MSFT Microsoft Corp. | Reduce -0.7% | 4.37% | −0.09 |
| MOS The Mosaic Co. | Reduce -15.3% | 0.30% | −0.08 |
| BDX Becton Dickinson and Co. | Reduce -0.8% | 1.18% | −0.08 |
| PGR Progressive Corp. | Reduce -0.4% | 1.19% | −0.07 |
| FANG Diamondback Energy Inc. | Reduce -7.3% | 0.46% | −0.06 |
| DGRO iShares Core Dividend Growth | Reduce -9.6% | 0.39% | −0.05 |
| EUSA iShares MSCI USA Equal Weigh | Reduce -3.3% | 0.94% | −0.03 |
| PM Philip Morris International | Reduce -2.8% | 0.95% | −0.03 |
| MUB iShares National Muni Bond E | Reduce -8.0% | 0.26% | −0.03 |
| LVS Las Vegas Sands Corp. | Reduce -6.2% | 0.67% | −0.03 |
| FIBK First Interstate Bancsys-A | Reduce -9.2% | 0.62% | −0.02 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.02 |
| GM General Motors Co. | Sold out | 0.00% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -2.3% | 0.16% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -41.6% | 0.01% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.3% | 0.35% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -8.1% | 0.02% | −0.00 |
| CAT Caterpillar Inc. | Reduce -5.8% | 0.02% | −0.00 |
| ABBV Abbvie Inc. | Reduce -0.0% | 0.02% | −0.00 |
| PEP Pepsico Inc. | Reduce -5.4% | 0.01% | −0.00 |
| IWF iShares Russell 1000 Growth | Reduce -14.8% | 0.01% | −0.00 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -11.5% | 0.01% | −0.00 |
| PFLC Pacific Financial Corp. | Reduce -7.0% | 0.02% | 0.00 |
| EQIX Equinix Inc. | Reduce -5.5% | 0.01% | +0.00 |
| GBCI Glacier Bancorp Inc. | Reduce -3.8% | 0.02% | +0.00 |
| MS Morgan Stanley | Reduce -4.8% | 0.02% | +0.00 |
| VFMO Vanguard US Momentum Factor | Reduce -0.7% | 1.02% | +0.02 |
| LH Labcorp Holdings Inc. | Reduce -0.2% | 1.77% | +0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| TSM Taiwan Semiconductor-SP ADR | New | 0.92% | +0.92 |
| AVGO Broadcom Inc. | Add +37.1% | 1.53% | +0.71 |
| UNH Unitedhealth Group Inc. | New | 0.46% | +0.46 |
| NFLX Netflix Inc. | Add +1.6% | 1.67% | +0.37 |
| CRM Salesforce Inc. | Add +1.4% | 1.35% | +0.27 |
| ANET Arista Networks Inc. | Add +1.3% | 1.61% | +0.24 |
| GS Goldman Sachs Group Inc. | Add +1.6% | 1.40% | +0.22 |
| BA The Boeing Co. | Add +17.8% | 0.74% | +0.20 |
| V Visa Inc. Class A | Add +1.7% | 1.33% | +0.20 |
| C Citigroup Inc. | Add +0.7% | 1.49% | +0.18 |
| ICE Intercontinental Exchange Inc. | Add +39.4% | 0.66% | +0.15 |
| PYPL PayPal Holdings Inc. | Add +1.5% | 1.12% | +0.12 |
| DT Dynatrace Inc. | Add +8.8% | 1.12% | +0.11 |
| TMUS T-Mobile US Inc. | Add +1.3% | 1.32% | +0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Add +26.0% | 1.20% | +0.11 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +14.1% | 0.84% | +0.09 |
| BMY Bristol-Myers Squibb Co. | Add +1.3% | 0.80% | +0.08 |
| JMST JPM Ultra-Short Muni Income | Add +24.7% | 0.39% | +0.08 |
| SLAB Silicon Laboratories Inc. | Add +1.0% | 0.84% | +0.07 |
| FDX FedEx Corp. | Add +1.3% | 1.15% | +0.05 |
| IJH iShares Core S&P Midcap ETF | New | 0.05% | +0.05 |
| ITM Vaneck Intermediate Muni ETF | Add +7.5% | 0.75% | +0.04 |
| INTU Intuit Inc. | Add +1.3% | 1.28% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.1% | 1.91% | +0.04 |
| ETN Eaton Corp. PLC | Add +2.0% | 0.86% | +0.02 |
| GLD SPDR Gold Shares | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | New | 0.02% | +0.02 |
| GIL Gildan Activewear Inc. | Add +1.3% | 1.00% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +78.3% | 0.04% | +0.02 |
| TSLA Tesla Inc. | Add +14.2% | 0.03% | +0.01 |
| NVDA Nvidia Corp. | Add +75.5% | 0.03% | +0.01 |
| ITOT iShares Core S&P Total U.S. | Add +1.4% | 0.30% | +0.01 |
| META Meta Platforms Inc. Class A | New | 0.01% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.01% | +0.01 |
| EOG EOG Resources Inc. | Add +0.5% | 0.99% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +7.7% | 0.04% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +3.0% | 0.05% | +0.01 |
| IWV iShares Russell 3000 ETF | Add +18.8% | 0.02% | +0.00 |
| COST Costco Wholesale Corp. | Add +4.5% | 0.03% | +0.00 |
| NYF iShares New York Muni Bond E | Add +20.2% | 0.01% | +0.00 |
| ORCL Oracle Corp. | Add +12.3% | 0.01% | +0.00 |
| CMF iShares California Muni Bond | Add +5.1% | 0.03% | +0.00 |
| SYK Stryker Corp. | Add +2.2% | 0.02% | +0.00 |
| ABT Abbott Laboratories | Add +1.8% | 0.02% | +0.00 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +2.0% | 0.02% | −0.00 |
| IXUS iShares Core Intl Stock ETF | Add +0.4% | 0.01% | −0.00 |
| SHM SS SPDR N Ice St Muni ETF | Add +0.1% | 0.18% | −0.00 |
| HD Home Depot Inc. | Add +2.5% | 1.22% | −0.01 |
| CTVA Corteva Inc. | Add +1.2% | 0.92% | −0.01 |
| WAFD Wafd Inc. | Add +1.8% | 0.46% | −0.03 |
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 |