Dillon & Associates Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), Dillon & Associates Inc. reported 81 stock positions worth $710.6 million. Its top holding was Nvidia (NVDA) at 17.0% of the portfolio, followed by Apple (AAPL, 9.2%) and Novo-Nordisk A/S-Spons ADR (NVO, 4.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 38 and reduced 29. The biggest buy was Fiserv (FISV, shares +10%) and the biggest sale Nvidia (NVDA, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSON, MI
- CIK
- 0001054425
- Portfolio Value
- $710.6M (Q3 2024)
- SEC Filing
- 0001054425-24-000004 ↗ filed Nov 5, 2024
Holdings Value
Holdings 81 stocks · $710.6M
| NVDA Nvidia Corp. | 17.03% | 1,000,193 | $121.0M | Reduce -2.4% |
| AAPL Apple Inc. | 9.19% | 280,371 | $65.3M | Reduce -0.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 4.75% | 283,417 | $33.7M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 4.59% | 196,694 | $32.7M | Add +0.2% |
| V Visa Inc. Class A | 4.56% | 117,716 | $32.4M | Add +0.6% |
| SYK Stryker Corp. | 4.38% | 86,293 | $31.2M | Add +2.1% |
| ABT Abbott Laboratories | 3.37% | 210,347 | $24.0M | Add +2.1% |
| LOW Lowe's Cos Inc. | 2.96% | 77,616 | $21.0M | Reduce -0.6% |
| ADP Automatic Data Processing | 2.69% | 69,141 | $19.2M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 2.44% | 50,650 | $17.3M | Add +4.5% |
| APD Air Products & Chemicals Inc. | 2.43% | 57,996 | $17.3M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 2.26% | 86,185 | $16.0M | Add +6.9% |
| ORLY O'reilly Automotive Inc. | 2.09% | 12,887 | $14.8M | Reduce -0.3% |
| CMG Chipotle Mexican Grill Inc. | 2.07% | 253,572 | $14.7M | Add +22.1% |
| REGN Regeneron Pharmaceuticals | 2.00% | 13,525 | $14.2M | Add +6.9% |
| DHR Danaher Corp. | 1.95% | 49,740 | $13.8M | Add +3.3% |
| SBUX Starbucks Corp. | 1.89% | 138,609 | $13.4M | Reduce -1.4% |
| FISV Fiserv Inc. | 1.76% | 69,409 | $12.5M | Add +10.1% |
| PEP Pepsico Inc. | 1.72% | 71,723 | $12.2M | Add +0.2% |
| ISRG Intuitive Surgical Inc. | 1.68% | 24,274 | $11.9M | Add +1.1% |
| ECL Ecolab Inc. | 1.62% | 45,182 | $11.5M | Add +2.8% |
| NSC Norfolk Southern Corp. | 1.61% | 46,006 | $11.4M | Add +0.9% |
| STZ Constellation Brands Inc. Class A | 1.55% | 42,664 | $11.0M | Add +1.3% |
| GOOG Alphabet Inc. Class C | 1.51% | 64,062 | $10.7M | Reduce -0.3% |
| PAYC Paycom Software Inc. | 1.39% | 59,360 | $9.9M | Reduce -10.4% |
| CNI Canadian Natl Railway Co. | 1.34% | 81,401 | $9.5M | Add +1.8% |
| CRM Salesforce Inc. | 1.06% | 27,584 | $7.6M | Add +3.1% |
| PAYX Paychex Inc. | 1.03% | 54,391 | $7.3M | Reduce -1.1% |
| META Meta Platforms Inc. Class A | 1.01% | 12,606 | $7.2M | Add +0.2% |
| MSFT Microsoft Corp. | 0.97% | 15,961 | $6.9M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.93% | 7,467 | $6.6M | Add +5.1% |
| NEE Nextera Energy Inc. | 0.71% | 59,320 | $5.0M | Add +16.0% |
| HD Home Depot Inc. | 0.68% | 12,001 | $4.9M | Reduce -0.4% |
| RTX RTX Corp. | 0.66% | 39,005 | $4.7M | Reduce -7.8% |
| JNJ Johnson & Johnson | 0.56% | 24,547 | $4.0M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.49% | 20,264 | $3.5M | Add +0.0% |
| JPM JPMorgan Chase & Co. | 0.49% | 16,538 | $3.5M | Reduce -0.1% |
| CL Colgate-Palmolive Co. | 0.45% | 30,954 | $3.2M | Reduce -2.0% |
| MCD McDonald's Corp. | 0.44% | 10,199 | $3.1M | Reduce -2.4% |
| MNST Monster Beverage Corp. | 0.37% | 50,605 | $2.6M | Add +0.9% |
| AZN Astrazeneca PLC-Spons ADR | 0.36% | 32,850 | $2.6M | Add +27.1% |
| ETN Eaton Corp. PLC | 0.36% | 7,718 | $2.6M | Add +50.7% |
| CELH Celsius Holdings Inc. | 0.33% | 76,607 | $2.4M | Add +72.2% |
| ROK Rockwell Automation Inc. | 0.32% | 8,525 | $2.3M | Reduce -3.5% |
| MDLZ Mondelez International Inc. Class A | 0.31% | 30,022 | $2.2M | Add +0.3% |
| GNRC Generac Holdings Inc. | 0.28% | 12,621 | $2.0M | Reduce -19.8% |
| ADBE Adobe Inc. | 0.26% | 3,629 | $1.9M | Add +1.7% |
| CMCSA Comcast Corp. Class A | 0.26% | 43,525 | $1.8M | Reduce -63.4% |
| HON Honeywell International Inc. | 0.23% | 7,813 | $1.6M | Reduce -6.1% |
| SYY Sysco Corp. | 0.21% | 19,044 | $1.5M | Reduce -4.5% |
| ABBV Abbvie Inc. | 0.19% | 6,914 | $1.4M | Add +0.8% |
| WMT Walmart Inc. | 0.18% | 16,104 | $1.3M | Reduce -0.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 1,499 | $1.2M | Add +23.2% |
| ADI Analog Devices Inc. | 0.17% | 5,285 | $1.2M | Add +4.5% |
| QCOM Qualcomm Inc. | 0.17% | 6,967 | $1.2M | No change |
| AMGN Amgen Inc. | 0.12% | 2,661 | $857K | Add +1.7% |
| HSY The Hershey Co. | 0.10% | 3,833 | $736K | Reduce -3.8% |
| UNH Unitedhealth Group Inc. | 0.10% | 1,205 | $705K | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 6,939 | $666K | Reduce -42.3% |
| K Kellanova | 0.09% | 8,020 | $650K | No change |
| PYPL PayPal Holdings Inc. | 0.08% | 7,476 | $583K | Reduce -38.8% |
| CASY Casey's General Stores Inc. | 0.08% | 1,533 | $576K | New |
| KO The Coca-Cola Co. | 0.06% | 6,350 | $457K | Reduce -1.0% |
| MRSH Marsh & McLennan Cos | 0.06% | 1,800 | $401K | No change |
| MRK Merck & Co. Inc. | 0.06% | 3,521 | $401K | Add +2.0% |
| LLY Eli Lilly & Co. | 0.06% | 452 | $400K | No change |
| TGT Target Corp. | 0.06% | 2,525 | $394K | No change |
| NVS Novartis AG-Sponsored ADR | 0.05% | 3,234 | $372K | Reduce -36.0% |
| AFL Aflac Inc. | 0.05% | 3,300 | $370K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.05% | 2,617 | $366K | Reduce -61.0% |
| EMR Emerson Electric Co. | 0.05% | 3,157 | $344K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 6,407 | $340K | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.03% | 520 | $239K | New |
| USB US Bancorp | 0.03% | 5,150 | $237K | No change |
| LIN Linde PLC | 0.03% | 490 | $234K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.03% | 1,027 | $227K | New |
| COF Capital One Financial Corp. | 0.03% | 1,500 | $225K | No change |
| UNP Union Pacific Corp. | 0.03% | 916 | $225K | Add +1.8% |
| ENB Enbridge Inc. | 0.03% | 5,324 | $218K | New |
| HBAN Huntington Bancshares Inc. | 0.03% | 14,354 | $215K | Add +5.9% |
| EOG EOG Resources Inc. | 0.03% | 1,671 | $206K | Reduce -31.9% |
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Reduce -2.4% | 17.03% | −1.56 |
| CMCSA Comcast Corp. Class A | Reduce -63.4% | 0.26% | −0.42 |
| GOOG Alphabet Inc. Class C | Reduce -0.3% | 1.51% | −0.21 |
| MSFT Microsoft Corp. | Reduce -1.0% | 0.97% | −0.09 |
| DIS The Walt Disney Co. | Reduce -42.3% | 0.09% | −0.08 |
| DEO Diageo PLC-Sponsored ADR | Reduce -61.0% | 0.05% | −0.07 |
| TTC Toro Co. | Sold out | 0.00% | −0.04 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.03 |
| ROK Rockwell Automation Inc. | Reduce -3.5% | 0.32% | −0.03 |
| HON Honeywell International Inc. | Reduce -6.1% | 0.23% | −0.03 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -36.0% | 0.05% | −0.03 |
| GNRC Generac Holdings Inc. | Reduce -19.8% | 0.28% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -38.8% | 0.08% | −0.02 |
| EOG EOG Resources Inc. | Reduce -31.9% | 0.03% | −0.02 |
| HSY The Hershey Co. | Reduce -3.8% | 0.10% | −0.00 |
| GOLD RESOURCE CORP | Sold out | 0.00% | −0.00 |
| SYY Sysco Corp. | Reduce -4.5% | 0.21% | +0.00 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 0.49% | +0.00 |
| KO The Coca-Cola Co. | Reduce -1.0% | 0.06% | +0.00 |
| CL Colgate-Palmolive Co. | Reduce -2.0% | 0.45% | +0.00 |
| PAYC Paycom Software Inc. | Reduce -10.4% | 1.39% | +0.01 |
| WMT Walmart Inc. | Reduce -0.9% | 0.18% | +0.02 |
| JNJ Johnson & Johnson | Reduce -0.9% | 0.56% | +0.03 |
| RTX RTX Corp. | Reduce -7.8% | 0.66% | +0.05 |
| MCD McDonald's Corp. | Reduce -2.4% | 0.44% | +0.05 |
| PAYX Paychex Inc. | Reduce -1.1% | 1.03% | +0.07 |
| HD Home Depot Inc. | Reduce -0.4% | 0.68% | +0.08 |
| ORLY O'reilly Automotive Inc. | Reduce -0.3% | 2.09% | +0.09 |
| APD Air Products & Chemicals Inc. | Reduce -0.5% | 2.43% | +0.23 |
| SBUX Starbucks Corp. | Reduce -1.4% | 1.89% | +0.29 |
| LOW Lowe's Cos Inc. | Reduce -0.6% | 2.96% | +0.45 |
| AAPL Apple Inc. | Reduce -0.7% | 9.19% | +0.48 |
Portfolio Buys Q2 2024 → Q3 2024
| FISV Fiserv Inc. | Add +10.1% | 1.76% | +0.38 |
| ADP Automatic Data Processing | Add +0.1% | 2.69% | +0.28 |
| ABT Abbott Laboratories | Add +2.1% | 3.37% | +0.24 |
| DHR Danaher Corp. | Add +3.3% | 1.95% | +0.18 |
| SYK Stryker Corp. | Add +2.1% | 4.38% | +0.18 |
| NEE Nextera Energy Inc. | Add +16.0% | 0.71% | +0.18 |
| NSC Norfolk Southern Corp. | Add +0.9% | 1.61% | +0.17 |
| CMG Chipotle Mexican Grill Inc. | Add +22.1% | 2.07% | +0.16 |
| ETN Eaton Corp. PLC | Add +50.7% | 0.36% | +0.12 |
| ISRG Intuitive Surgical Inc. | Add +1.1% | 1.68% | +0.12 |
| ECL Ecolab Inc. | Add +2.8% | 1.62% | +0.09 |
| META Meta Platforms Inc. Class A | Add +0.2% | 1.01% | +0.09 |
| CASY Casey's General Stores Inc. | New | 0.08% | +0.08 |
| V Visa Inc. Class A | Add +0.6% | 4.56% | +0.07 |
| AZN Astrazeneca PLC-Spons ADR | Add +27.1% | 0.36% | +0.07 |
| CRM Salesforce Inc. | Add +3.1% | 1.06% | +0.06 |
| REGN Regeneron Pharmaceuticals | Add +6.9% | 2.00% | +0.06 |
| COST Costco Wholesale Corp. | Add +5.1% | 0.93% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.03% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +4.5% | 2.44% | +0.03 |
| LIN Linde PLC | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | New | 0.03% | +0.03 |
| ENB Enbridge Inc. | New | 0.03% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Add +0.3% | 0.31% | +0.03 |
| ABBV Abbvie Inc. | Add +0.8% | 0.19% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +0.7% | 0.10% | +0.01 |
| HBAN Huntington Bancshares Inc. | Add +5.9% | 0.03% | +0.00 |
| PG The Procter & Gamble Co. | Add +0.0% | 0.49% | +0.00 |
| MNST Monster Beverage Corp. | Add +0.9% | 0.37% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.5% | 0.05% | +0.00 |
| ADI Analog Devices Inc. | Add +4.5% | 0.17% | +0.00 |
| UNP Union Pacific Corp. | Add +1.8% | 0.03% | +0.00 |
| AMGN Amgen Inc. | Add +1.7% | 0.12% | +0.00 |
| MRK Merck & Co. Inc. | Add +2.0% | 0.06% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +23.2% | 0.18% | −0.01 |
| PEP Pepsico Inc. | Add +0.2% | 1.72% | −0.01 |
| AMZN Amazon.com Inc. | Add +6.9% | 2.26% | −0.02 |
| ADBE Adobe Inc. | Add +1.7% | 0.26% | −0.03 |
| STZ Constellation Brands Inc. Class A | Add +1.3% | 1.55% | −0.03 |
| CELH Celsius Holdings Inc. | Add +72.2% | 0.33% | −0.04 |
| CNI Canadian Natl Railway Co. | Add +1.8% | 1.34% | −0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 4.59% | −0.63 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.5% | 4.75% | −1.16 |
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 |