Dillon & Associates Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Dillon & Associates Inc. reported 80 stock positions worth $683.6 million. Its top holding was Nvidia (NVDA) at 18.6% of the portfolio, followed by Apple (AAPL, 8.7%) and Novo-Nordisk A/S-Spons ADR (NVO, 5.9%). Compared with Q1 2024, it opened 1 new position, sold out of 3, added to 36 and reduced 26. The biggest buy was Alphabet Class A (GOOGL, shares +1%) and the biggest sale Paycom Software (PAYC, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSON, MI
- CIK
- 0001054425
- Portfolio Value
- $683.6M (Q2 2024)
- SEC Filing
- 0001054425-24-000003 ↗ filed Aug 6, 2024
Holdings Value
Holdings 80 stocks · $683.6M
| NVDA Nvidia Corp. | 18.59% | 1,025,070 | $127.1M | Reduce -5.9% |
| AAPL Apple Inc. | 8.71% | 282,206 | $59.5M | Reduce -0.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 5.90% | 282,146 | $40.3M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 5.22% | 196,240 | $35.7M | Add +0.6% |
| V Visa Inc. Class A | 4.48% | 116,997 | $30.7M | Add +1.6% |
| SYK Stryker Corp. | 4.20% | 84,474 | $28.7M | Add +1.8% |
| ABT Abbott Laboratories | 3.13% | 205,983 | $21.4M | Add +7.2% |
| LOW Lowe's Cos Inc. | 2.51% | 78,105 | $17.2M | Add +0.1% |
| ADP Automatic Data Processing | 2.42% | 69,107 | $16.5M | Add +1.2% |
| PANW Palo Alto Networks Inc. | 2.40% | 48,483 | $16.4M | Add +16.7% |
| AMZN Amazon.com Inc. | 2.28% | 80,626 | $15.6M | Add +11.0% |
| APD Air Products & Chemicals Inc. | 2.20% | 58,312 | $15.0M | Add +0.1% |
| ORLY O'reilly Automotive Inc. | 2.00% | 12,924 | $13.6M | Add +2.6% |
| REGN Regeneron Pharmaceuticals | 1.94% | 12,647 | $13.3M | Add +2.3% |
| CMG Chipotle Mexican Grill Inc. | 1.91% | 207,651 | $13.1M | Add +10.1% |
| DHR Danaher Corp. | 1.76% | 48,176 | $12.0M | Add +0.7% |
| PEP Pepsico Inc. | 1.73% | 71,568 | $11.8M | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 1.72% | 64,262 | $11.8M | Reduce -0.7% |
| SBUX Starbucks Corp. | 1.60% | 140,504 | $11.0M | Add +0.4% |
| STZ Constellation Brands Inc. Class A | 1.58% | 42,113 | $10.8M | Add +3.2% |
| ISRG Intuitive Surgical Inc. | 1.56% | 23,997 | $10.7M | Add +1.2% |
| ECL Ecolab Inc. | 1.53% | 43,974 | $10.5M | Add +0.8% |
| NSC Norfolk Southern Corp. | 1.43% | 45,600 | $9.8M | Add +5.0% |
| PAYC Paycom Software Inc. | 1.39% | 66,219 | $9.5M | Reduce -4.2% |
| CNI Canadian Natl Railway Co. | 1.38% | 79,971 | $9.4M | Add +2.0% |
| FISV Fiserv Inc. | 1.37% | 63,036 | $9.4M | Add +15.7% |
| MSFT Microsoft Corp. | 1.05% | 16,119 | $7.2M | Add +3.3% |
| CRM Salesforce Inc. | 1.01% | 26,748 | $6.9M | Add +5.0% |
| PAYX Paychex Inc. | 0.96% | 55,026 | $6.5M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 0.93% | 12,576 | $6.3M | Add +1.7% |
| COST Costco Wholesale Corp. | 0.88% | 7,107 | $6.0M | Add +7.1% |
| CMCSA Comcast Corp. Class A | 0.68% | 118,780 | $4.6M | Reduce -6.3% |
| RTX RTX Corp. | 0.62% | 42,290 | $4.2M | Reduce -4.5% |
| HD Home Depot Inc. | 0.61% | 12,050 | $4.1M | Reduce -1.4% |
| NEE Nextera Energy Inc. | 0.53% | 51,136 | $3.6M | Add +9.4% |
| JNJ Johnson & Johnson | 0.53% | 24,760 | $3.6M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.49% | 16,555 | $3.3M | No change |
| PG The Procter & Gamble Co. | 0.49% | 20,259 | $3.3M | Reduce -1.7% |
| CL Colgate-Palmolive Co. | 0.45% | 31,579 | $3.1M | Reduce -14.5% |
| MCD McDonald's Corp. | 0.39% | 10,449 | $2.7M | Reduce -3.3% |
| CELH Celsius Holdings Inc. | 0.37% | 44,496 | $2.5M | Add +43.5% |
| MNST Monster Beverage Corp. | 0.37% | 50,135 | $2.5M | Add +7.8% |
| ROK Rockwell Automation Inc. | 0.36% | 8,835 | $2.4M | Reduce -3.0% |
| GNRC Generac Holdings Inc. | 0.30% | 15,744 | $2.1M | Reduce -38.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.29% | 25,837 | $2.0M | Add +7.3% |
| ADBE Adobe Inc. | 0.29% | 3,567 | $2.0M | Add +20.6% |
| MDLZ Mondelez International Inc. Class A | 0.28% | 29,922 | $1.9M | Add +2.5% |
| HON Honeywell International Inc. | 0.26% | 8,323 | $1.8M | Reduce -14.8% |
| ETN Eaton Corp. PLC | 0.24% | 5,122 | $1.6M | Add +34.4% |
| SYY Sysco Corp. | 0.21% | 19,944 | $1.4M | Reduce -2.8% |
| QCOM Qualcomm Inc. | 0.20% | 6,967 | $1.4M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 1,217 | $1.2M | Add +3.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 12,030 | $1.2M | Reduce -10.4% |
| ABBV Abbvie Inc. | 0.17% | 6,862 | $1.2M | No change |
| ADI Analog Devices Inc. | 0.17% | 5,060 | $1.2M | Reduce -0.8% |
| WMT Walmart Inc. | 0.16% | 16,254 | $1.1M | No change |
| DEO Diageo PLC-Sponsored ADR | 0.12% | 6,717 | $846K | Reduce -1.9% |
| AMGN Amgen Inc. | 0.12% | 2,616 | $816K | No change |
| HSY The Hershey Co. | 0.11% | 3,986 | $733K | Add +2.3% |
| PYPL PayPal Holdings Inc. | 0.10% | 12,207 | $708K | Reduce -43.1% |
| UNH Unitedhealth Group Inc. | 0.09% | 1,197 | $609K | No change |
| NVS Novartis AG-Sponsored ADR | 0.08% | 5,049 | $535K | Reduce -5.2% |
| K Kellanova | 0.07% | 8,020 | $465K | No change |
| MRK Merck & Co. Inc. | 0.06% | 3,451 | $428K | Add +2.2% |
| KO The Coca-Cola Co. | 0.06% | 6,415 | $411K | Reduce -1.3% |
| LLY Eli Lilly & Co. | 0.06% | 452 | $409K | No change |
| MRSH Marsh & McLennan Cos | 0.06% | 1,800 | $380K | No change |
| TGT Target Corp. | 0.05% | 2,525 | $374K | No change |
| EMR Emerson Electric Co. | 0.05% | 3,157 | $347K | No change |
| EOG EOG Resources Inc. | 0.05% | 2,452 | $309K | Reduce -10.1% |
| CSCO Cisco Systems Inc. | 0.04% | 6,375 | $306K | Reduce -1.6% |
| AFL Aflac Inc. | 0.04% | 3,300 | $294K | No change |
| TTC Toro Co. | 0.04% | 2,742 | $258K | Reduce -20.2% |
| ABNB Airbnb Inc. Class A | 0.03% | 1,559 | $237K | No change |
| XOM Exxon Mobil Corp. | 0.03% | 1,836 | $211K | Add +2.7% |
| COF Capital One Financial Corp. | 0.03% | 1,500 | $207K | No change |
| USB US Bancorp | 0.03% | 5,150 | $206K | No change |
| UNP Union Pacific Corp. | 0.03% | 900 | $203K | No change |
| HBAN Huntington Bancshares Inc. | 0.03% | 13,559 | $176K | No change |
| GOLD RESOURCE CORP | 0.00% | 11,320 | $4K | New |
Portfolio Sells Q1 2024 → Q2 2024
| PAYC Paycom Software Inc. | Reduce -4.2% | 1.39% | −0.78 |
| PEP Pepsico Inc. | Reduce -1.7% | 1.73% | −0.27 |
| GNRC Generac Holdings Inc. | Reduce -38.3% | 0.30% | −0.20 |
| CMCSA Comcast Corp. Class A | Reduce -6.3% | 0.68% | −0.18 |
| HD Home Depot Inc. | Reduce -1.4% | 0.61% | −0.13 |
| PYPL PayPal Holdings Inc. | Reduce -43.1% | 0.10% | −0.12 |
| PAYX Paychex Inc. | Reduce -0.8% | 0.96% | −0.11 |
| JNJ Johnson & Johnson | Reduce -1.1% | 0.53% | −0.09 |
| MCD McDonald's Corp. | Reduce -3.3% | 0.39% | −0.09 |
| DIS The Walt Disney Co. | Reduce -10.4% | 0.17% | −0.08 |
| CL Colgate-Palmolive Co. | Reduce -14.5% | 0.45% | −0.07 |
| RTX RTX Corp. | Reduce -4.5% | 0.62% | −0.06 |
| ROK Rockwell Automation Inc. | Reduce -3.0% | 0.36% | −0.06 |
| SYY Sysco Corp. | Reduce -2.8% | 0.21% | −0.05 |
| HON Honeywell International Inc. | Reduce -14.8% | 0.26% | −0.05 |
| INTC Intel Corp. | Sold out | 0.00% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.9% | 0.12% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -1.7% | 0.49% | −0.04 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.03 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.03 |
| TTC Toro Co. | Reduce -20.2% | 0.04% | −0.01 |
| EOG EOG Resources Inc. | Reduce -10.1% | 0.05% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -1.6% | 0.04% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -5.2% | 0.08% | −0.00 |
| KO The Coca-Cola Co. | Reduce -1.3% | 0.06% | −0.00 |
| ADI Analog Devices Inc. | Reduce -0.8% | 0.17% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 1.72% | +0.18 |
| AAPL Apple Inc. | Reduce -0.3% | 8.71% | +1.10 |
| NVDA Nvidia Corp. | Reduce -5.9% | 18.59% | +3.12 |
Portfolio Buys Q1 2024 → Q2 2024
| GOOGL Alphabet Inc. Class A | Add +0.6% | 5.22% | +0.60 |
| PANW Palo Alto Networks Inc. | Add +16.7% | 2.40% | +0.55 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +1.6% | 5.90% | +0.32 |
| AMZN Amazon.com Inc. | Add +11.0% | 2.28% | +0.22 |
| CMG Chipotle Mexican Grill Inc. | Add +10.1% | 1.91% | +0.19 |
| COST Costco Wholesale Corp. | Add +7.1% | 0.88% | +0.12 |
| ISRG Intuitive Surgical Inc. | Add +1.2% | 1.56% | +0.08 |
| REGN Regeneron Pharmaceuticals | Add +2.3% | 1.94% | +0.08 |
| NEE Nextera Energy Inc. | Add +9.4% | 0.53% | +0.06 |
| ADBE Adobe Inc. | Add +20.6% | 0.29% | +0.06 |
| ETN Eaton Corp. PLC | Add +34.4% | 0.24% | +0.05 |
| AZN Astrazeneca PLC-Spons ADR | Add +7.3% | 0.29% | +0.04 |
| MSFT Microsoft Corp. | Add +3.3% | 1.05% | +0.02 |
| FISV Fiserv Inc. | Add +15.7% | 1.37% | +0.00 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.9% | 0.18% | +0.00 |
| GOLD RESOURCE CORP | New | 0.00% | +0.00 |
| XOM Exxon Mobil Corp. | Add +2.7% | 0.03% | −0.00 |
| MRK Merck & Co. Inc. | Add +2.2% | 0.06% | −0.01 |
| HSY The Hershey Co. | Add +2.3% | 0.11% | −0.01 |
| APD Air Products & Chemicals Inc. | Add +0.1% | 2.20% | −0.01 |
| META Meta Platforms Inc. Class A | Add +1.7% | 0.93% | −0.02 |
| CELH Celsius Holdings Inc. | Add +43.5% | 0.37% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Add +2.5% | 0.28% | −0.04 |
| ECL Ecolab Inc. | Add +0.8% | 1.53% | −0.05 |
| MNST Monster Beverage Corp. | Add +7.8% | 0.37% | −0.06 |
| DHR Danaher Corp. | Add +0.7% | 1.76% | −0.12 |
| STZ Constellation Brands Inc. Class A | Add +3.2% | 1.58% | −0.16 |
| CRM Salesforce Inc. | Add +5.0% | 1.01% | −0.20 |
| ORLY O'reilly Automotive Inc. | Add +2.6% | 2.00% | −0.24 |
| CNI Canadian Natl Railway Co. | Add +2.0% | 1.38% | −0.24 |
| ADP Automatic Data Processing | Add +1.2% | 2.42% | −0.27 |
| NSC Norfolk Southern Corp. | Add +5.0% | 1.43% | −0.31 |
| ABT Abbott Laboratories | Add +7.2% | 3.13% | −0.31 |
| SBUX Starbucks Corp. | Add +0.4% | 1.60% | −0.40 |
| SYK Stryker Corp. | Add +1.8% | 4.20% | −0.47 |
| V Visa Inc. Class A | Add +1.6% | 4.48% | −0.57 |
| LOW Lowe's Cos Inc. | Add +0.1% | 2.51% | −0.61 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $817.2M | NVDA, AAPL, GOOGL, PANW, V |
| Q1 2026 | 75 | $726.4M | NVDA, AAPL, GOOGL, V, SYK |
| Q4 2025 | 77 | $774.4M | NVDA, AAPL, GOOGL, V, SYK |
| Q3 2025 | 76 | $777.7M | NVDA, AAPL, GOOGL, V, SYK |
| Q2 2025 | 77 | $736.7M | NVDA, AAPL, V, GOOGL, SYK |
| Q1 2025 | 78 | $673.1M | NVDA, AAPL, V, SYK, GOOGL |
| Q4 2024 | 81 | $721.1M | NVDA, AAPL, V, GOOGL, SYK |
| Q3 2024 | 81 | $710.6M | NVDA, AAPL, NVO, GOOGL, V |
| Q2 2024 | 80 | $683.6M | NVDA, AAPL, NVO, GOOGL, V |
| Q1 2024 | 82 | $636.5M | NVDA, AAPL, NVO, V, SYK |