Dillon & Associates Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Dillon & Associates Inc. reported 78 stock positions worth $673.1 million. Its top holding was Nvidia (NVDA) at 15.4% of the portfolio, followed by Apple (AAPL, 8.8%) and Visa Class A (V, 6.1%). Compared with Q4 2024, it opened 1 new position, sold out of 4, added to 23 and reduced 46. The biggest buy was Abbott Laboratories (ABT, shares +1%) and the biggest sale Nvidia (NVDA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSON, MI
- CIK
- 0001054425
- Portfolio Value
- $673.1M (Q1 2025)
- SEC Filing
- 0001054425-25-000002 ↗ filed May 12, 2025
Holdings Value
Holdings 78 stocks · $673.1M
| NVDA Nvidia Corp. | 15.37% | 957,598 | $103.4M | Reduce -1.0% |
| AAPL Apple Inc. | 8.79% | 266,617 | $59.2M | Reduce -3.1% |
| V Visa Inc. Class A | 6.05% | 116,366 | $40.7M | Reduce -1.2% |
| SYK Stryker Corp. | 4.68% | 84,711 | $31.5M | Reduce -1.3% |
| GOOGL Alphabet Inc. Class A | 4.45% | 193,284 | $30.0M | Reduce -1.6% |
| ABT Abbott Laboratories | 4.24% | 214,560 | $28.5M | Add +0.7% |
| ADP Automatic Data Processing | 3.14% | 69,120 | $21.2M | Add +0.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 3.03% | 295,114 | $20.4M | Add +2.7% |
| ORLY O'reilly Automotive Inc. | 2.73% | 12,846 | $18.4M | Add +0.3% |
| FISV Fiserv Inc. | 2.66% | 81,151 | $17.9M | Add +6.9% |
| PANW Palo Alto Networks Inc. | 2.66% | 104,831 | $17.9M | Add +3.1% |
| LOW Lowe's Cos Inc. | 2.59% | 74,909 | $17.5M | Reduce -2.9% |
| AMZN Amazon.com Inc. | 2.55% | 90,286 | $17.2M | Reduce -0.1% |
| APD Air Products & Chemicals Inc. | 2.53% | 57,661 | $17.0M | Reduce -0.2% |
| CMG Chipotle Mexican Grill Inc. | 2.03% | 273,396 | $13.7M | Add +6.2% |
| ECL Ecolab Inc. | 1.96% | 52,042 | $13.2M | Add +7.0% |
| ISRG Intuitive Surgical Inc. | 1.94% | 26,417 | $13.1M | Add +6.4% |
| PAYC Paycom Software Inc. | 1.93% | 59,441 | $13.0M | Add +0.1% |
| NSC Norfolk Southern Corp. | 1.70% | 48,294 | $11.4M | Add +3.9% |
| PEP Pepsico Inc. | 1.47% | 65,898 | $9.9M | Reduce -7.3% |
| DHR Danaher Corp. | 1.46% | 48,099 | $9.9M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 1.43% | 61,728 | $9.6M | Reduce -2.8% |
| COST Costco Wholesale Corp. | 1.40% | 9,940 | $9.4M | Add +22.5% |
| REGN Regeneron Pharmaceuticals | 1.29% | 13,736 | $8.7M | Reduce -1.2% |
| SBUX Starbucks Corp. | 1.28% | 88,079 | $8.6M | Reduce -21.5% |
| CRM Salesforce Inc. | 1.17% | 29,430 | $7.9M | Add +6.4% |
| PAYX Paychex Inc. | 1.12% | 48,881 | $7.5M | Reduce -7.5% |
| CASY Casey's General Stores Inc. | 1.11% | 17,183 | $7.5M | Add +85.1% |
| META Meta Platforms Inc. Class A | 1.07% | 12,519 | $7.2M | Reduce -1.0% |
| CNI Canadian Natl Railway Co. | 1.06% | 73,898 | $7.2M | Reduce -6.0% |
| MSFT Microsoft Corp. | 0.95% | 17,055 | $6.4M | Add +3.5% |
| RTX RTX Corp. | 0.74% | 37,900 | $5.0M | Add +0.0% |
| NEE Nextera Energy Inc. | 0.66% | 62,985 | $4.5M | Add +4.2% |
| HD Home Depot Inc. | 0.63% | 11,657 | $4.3M | Reduce -2.8% |
| JNJ Johnson & Johnson | 0.60% | 24,169 | $4.0M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 0.58% | 15,988 | $3.9M | Reduce -3.5% |
| STZ Constellation Brands Inc. Class A | 0.49% | 17,859 | $3.3M | Reduce -56.3% |
| ETN Eaton Corp. PLC | 0.48% | 11,879 | $3.2M | Add +38.9% |
| PG The Procter & Gamble Co. | 0.48% | 18,848 | $3.2M | Reduce -7.5% |
| MCD McDonald's Corp. | 0.44% | 9,574 | $3.0M | Reduce -6.0% |
| CL Colgate-Palmolive Co. | 0.42% | 30,367 | $2.9M | Reduce -2.4% |
| MNST Monster Beverage Corp. | 0.36% | 41,076 | $2.4M | Reduce -17.6% |
| GNRC Generac Holdings Inc. | 0.32% | 16,778 | $2.1M | Add +10.7% |
| LLY Eli Lilly & Co. | 0.31% | 2,522 | $2.1M | Add +102.4% |
| AZN Astrazeneca PLC-Spons ADR | 0.27% | 24,182 | $1.8M | Reduce -20.1% |
| ADBE Adobe Inc. | 0.24% | 4,189 | $1.6M | Add +5.5% |
| HON Honeywell International Inc. | 0.23% | 7,449 | $1.6M | Reduce -1.7% |
| MDLZ Mondelez International Inc. Class A | 0.23% | 22,330 | $1.5M | Reduce -4.8% |
| WMT Walmart Inc. | 0.22% | 16,603 | $1.5M | Add +3.7% |
| ABBV Abbvie Inc. | 0.21% | 6,814 | $1.4M | Reduce -1.9% |
| ROK Rockwell Automation Inc. | 0.21% | 5,392 | $1.4M | Reduce -35.1% |
| SYY Sysco Corp. | 0.20% | 17,559 | $1.3M | Reduce -5.2% |
| CELH Celsius Holdings Inc. | 0.17% | 32,177 | $1.2M | Reduce -53.5% |
| ADI Analog Devices Inc. | 0.16% | 5,434 | $1.1M | Reduce -7.0% |
| QCOM Qualcomm Inc. | 0.16% | 6,817 | $1.1M | Reduce -0.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.14% | 1,430 | $948K | Reduce -15.0% |
| AMGN Amgen Inc. | 0.12% | 2,481 | $774K | Reduce -6.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.10% | 6,488 | $642K | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.09% | 1,150 | $603K | Reduce -1.5% |
| HSY The Hershey Co. | 0.07% | 2,835 | $485K | Reduce -21.9% |
| MRSH Marsh & McLennan Cos | 0.07% | 1,800 | $439K | No change |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.07% | 1,521 | $438K | Add +43.5% |
| AFL Aflac Inc. | 0.06% | 3,516 | $390K | No change |
| PYPL PayPal Holdings Inc. | 0.05% | 5,587 | $363K | Reduce -16.4% |
| EMR Emerson Electric Co. | 0.05% | 3,157 | $347K | No change |
| NVS Novartis AG-Sponsored ADR | 0.05% | 3,061 | $340K | Reduce -2.3% |
| K Kellanova | 0.05% | 4,010 | $329K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 5,225 | $324K | Reduce -18.0% |
| KO The Coca-Cola Co. | 0.04% | 4,101 | $295K | Reduce -37.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.04% | 520 | $277K | No change |
| CMCSA Comcast Corp. Class A | 0.04% | 7,450 | $276K | Reduce -65.1% |
| COF Capital One Financial Corp. | 0.04% | 1,500 | $269K | No change |
| TGT Target Corp. | 0.04% | 2,525 | $263K | No change |
| MRK Merck & Co. Inc. | 0.04% | 2,753 | $248K | Reduce -9.4% |
| LIN Linde PLC | 0.03% | 495 | $231K | Reduce -0.4% |
| ENB Enbridge Inc. | 0.03% | 5,124 | $225K | Reduce -3.8% |
| USB US Bancorp | 0.03% | 5,150 | $216K | No change |
| TSLA Tesla Inc. | 0.03% | 779 | $202K | New |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -1.0% | 15.37% | −2.61 |
| STZ Constellation Brands Inc. Class A | Reduce -56.3% | 0.49% | −0.76 |
| AAPL Apple Inc. | Reduce -3.1% | 8.79% | −0.75 |
| GOOGL Alphabet Inc. Class A | Reduce -1.6% | 4.45% | −0.70 |
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 1.43% | −0.24 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 2.55% | −0.20 |
| SBUX Starbucks Corp. | Reduce -21.5% | 1.28% | −0.13 |
| ROK Rockwell Automation Inc. | Reduce -35.1% | 0.21% | −0.12 |
| DHR Danaher Corp. | Reduce -2.9% | 1.46% | −0.11 |
| REGN Regeneron Pharmaceuticals | Reduce -1.2% | 1.29% | −0.08 |
| CELH Celsius Holdings Inc. | Reduce -53.5% | 0.17% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -65.1% | 0.04% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -2.9% | 2.59% | −0.05 |
| CNI Canadian Natl Railway Co. | Reduce -6.0% | 1.06% | −0.05 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.04 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.03 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.03 |
| PEP Pepsico Inc. | Reduce -7.3% | 1.47% | −0.03 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -16.4% | 0.05% | −0.02 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -15.0% | 0.14% | −0.02 |
| HSY The Hershey Co. | Reduce -21.9% | 0.07% | −0.01 |
| HD Home Depot Inc. | Reduce -2.8% | 0.63% | −0.01 |
| KO The Coca-Cola Co. | Reduce -37.4% | 0.04% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -20.1% | 0.27% | −0.01 |
| ADI Analog Devices Inc. | Reduce -7.0% | 0.16% | −0.01 |
| MNST Monster Beverage Corp. | Reduce -17.6% | 0.36% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -9.4% | 0.04% | −0.00 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.10% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -18.0% | 0.05% | −0.00 |
| HON Honeywell International Inc. | Reduce -1.7% | 0.23% | −0.00 |
| SYY Sysco Corp. | Reduce -5.2% | 0.20% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -7.5% | 0.48% | +0.00 |
| ENB Enbridge Inc. | Reduce -3.8% | 0.03% | +0.00 |
| LIN Linde PLC | Reduce -0.4% | 0.03% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -1.5% | 0.09% | +0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -2.3% | 0.05% | +0.01 |
| QCOM Qualcomm Inc. | Reduce -0.7% | 0.16% | +0.01 |
| AMGN Amgen Inc. | Reduce -6.8% | 0.12% | +0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.8% | 0.23% | +0.03 |
| JPM JPMorgan Chase & Co. | Reduce -3.5% | 0.58% | +0.03 |
| CL Colgate-Palmolive Co. | Reduce -2.4% | 0.42% | +0.03 |
| MCD McDonald's Corp. | Reduce -6.0% | 0.44% | +0.03 |
| ABBV Abbvie Inc. | Reduce -1.9% | 0.21% | +0.04 |
| META Meta Platforms Inc. Class A | Reduce -1.0% | 1.07% | +0.04 |
| PAYX Paychex Inc. | Reduce -7.5% | 1.12% | +0.09 |
| JNJ Johnson & Johnson | Reduce -1.1% | 0.60% | +0.10 |
| APD Air Products & Chemicals Inc. | Reduce -0.2% | 2.53% | +0.20 |
| SYK Stryker Corp. | Reduce -1.3% | 4.68% | +0.40 |
| V Visa Inc. Class A | Reduce -1.2% | 6.05% | +0.89 |
Portfolio Buys Q4 2024 → Q1 2025
| ABT Abbott Laboratories | Add +0.7% | 4.24% | +0.90 |
| ORLY O'reilly Automotive Inc. | Add +0.3% | 2.73% | +0.63 |
| CASY Casey's General Stores Inc. | Add +85.1% | 1.11% | +0.60 |
| FISV Fiserv Inc. | Add +6.9% | 2.66% | +0.51 |
| ECL Ecolab Inc. | Add +7.0% | 1.96% | +0.39 |
| COST Costco Wholesale Corp. | Add +22.5% | 1.40% | +0.37 |
| ADP Automatic Data Processing | Add +0.3% | 3.14% | +0.34 |
| PAYC Paycom Software Inc. | Add +0.1% | 1.93% | +0.24 |
| NSC Norfolk Southern Corp. | Add +3.9% | 1.70% | +0.19 |
| LLY Eli Lilly & Co. | Add +102.4% | 0.31% | +0.18 |
| ISRG Intuitive Surgical Inc. | Add +6.4% | 1.94% | +0.15 |
| RTX RTX Corp. | Add +0.0% | 0.74% | +0.13 |
| PANW Palo Alto Networks Inc. | Add +3.1% | 2.66% | +0.10 |
| ETN Eaton Corp. PLC | Add +38.9% | 0.48% | +0.09 |
| NEE Nextera Energy Inc. | Add +4.2% | 0.66% | +0.06 |
| TSLA Tesla Inc. | New | 0.03% | +0.03 |
| MSTR Strategy Inc. | Add +43.5% | 0.07% | +0.02 |
| WMT Walmart Inc. | Add +3.7% | 0.22% | +0.02 |
| ADBE Adobe Inc. | Add +5.5% | 0.24% | −0.01 |
| GNRC Generac Holdings Inc. | Add +10.7% | 0.32% | −0.01 |
| MSFT Microsoft Corp. | Add +3.5% | 0.95% | −0.01 |
| CRM Salesforce Inc. | Add +6.4% | 1.17% | −0.11 |
| CMG Chipotle Mexican Grill Inc. | Add +6.2% | 2.03% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +2.7% | 3.03% | −0.40 |
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 |