Fairfield, Bush & Co.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Fairfield, Bush & Co. reported 120 stock positions worth $194.8 million. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by Oracle (ORCL, 6.3%) and Amazon.com (AMZN, 4.8%). Compared with Q2 2025, it opened 12 new positions, sold out of 2, added to 24 and reduced 65. The biggest buy was a new position in iShares 20+ Year Treasury BD (TLT) and the biggest sale Amazon.com (AMZN, shares −1%).

Most Recent 13F
Q2 2026
Location
DARIEN, CT
CIK
0001116247
Portfolio Value
$194.8M (Q3 2025)
SEC Filing
0001116247-25-000005 ↗ filed Nov 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $168.7M Q1 2024 Q2 2024: $166.9M Q2 2024 Q3 2024: $168.1M Q3 2024 Q4 2024: $170.1M Q4 2024 Q1 2025: $157.6M Q1 2025 Q2 2025: $176.9M Q2 2025 Q3 2025: $194.8M $194.8M Q3 2025 Q4 2025: $189.5M Q4 2025 Q1 2026: $180.1M Q1 2026 Q2 2026: $203.4M Q2 2026

Holdings 120 stocks · $194.8M
MSFT Microsoft Corp. 6.98% 26,245 $13.6M Reduce -1.2%
ORCL Oracle Corp. 6.26% 43,346 $12.2M Reduce -2.2%
AMZN Amazon.com Inc. 4.81% 42,694 $9.4M Reduce -1.2%
TSM Taiwan Semiconductor-SP ADR 4.63% 32,316 $9.0M Reduce -7.6%
AVGO Broadcom Inc. 4.43% 26,136 $8.6M Reduce -4.0%
ADM Archer-Daniels-Midland Co. 4.23% 138,024 $8.2M Reduce -1.6%
GOOG Alphabet Inc. Class C 4.19% 33,486 $8.2M Reduce -2.1%
JPM JPMorgan Chase & Co. 2.98% 18,405 $5.8M Reduce -4.6%
AAPL Apple Inc. 2.58% 19,741 $5.0M Reduce -2.8%
LOW Lowe's Cos Inc. 2.13% 16,527 $4.2M Add +0.9%
QCOM Qualcomm Inc. 2.13% 24,911 $4.1M Reduce -0.9%
WMT Walmart Inc. 1.86% 35,175 $3.6M Reduce -3.0%
SHOP Shopify Inc. Class A 1.68% 22,029 $3.3M Reduce -6.0%
NFLX Netflix Inc. 1.66% 2,693 $3.2M Add +12.5%
ANET Arista Networks Inc. 1.60% 21,397 $3.1M Reduce -0.9%
CRWD CrowdStrike Holdings Inc. Class A 1.60% 6,351 $3.1M Reduce -0.4%
NVS Novartis AG-Sponsored ADR 1.50% 22,854 $2.9M Reduce -5.7%
CVX Chevron Corp. 1.46% 18,350 $2.8M Reduce -5.2%
RY Royal Bank of Canada 1.46% 19,315 $2.8M Reduce -1.4%
LH Labcorp Holdings Inc. 1.45% 9,812 $2.8M Reduce -0.4%
NVDA Nvidia Corp. 1.37% 14,279 $2.7M Reduce -3.3%
CCJ Cameco Corp. 1.21% 28,010 $2.3M Add +5.2%
GE General Electric filed as GE AEROSPACE 1.18% 7,664 $2.3M Reduce -8.1%
INTU Intuit Inc. 1.17% 3,338 $2.3M Reduce -1.8%
LLY Eli Lilly & Co. 1.16% 2,956 $2.3M Add +4.6%
PM Philip Morris International 1.12% 13,442 $2.2M Reduce -0.0%
CHD Church & Dwight Co. Inc. 1.12% 24,810 $2.2M Add +0.1%
XOM Exxon Mobil Corp. 1.05% 18,168 $2.0M Add +4.3%
ASML ASML Holding NV-NY Reg SHS 1.04% 2,098 $2.0M Reduce -2.3%
MRK Merck & Co. Inc. 0.99% 23,057 $1.9M Add +20.8%
JNJ Johnson & Johnson 0.96% 10,067 $1.9M Reduce -3.6%
PEP Pepsico Inc. 0.87% 12,114 $1.7M Reduce -0.2%
HON Honeywell International Inc. 0.84% 7,797 $1.6M Reduce -2.5%
GEV GE Vernova Inc. 0.84% 2,653 $1.6M Add +9.0%
UNP Union Pacific Corp. 0.77% 6,330 $1.5M No change
AMD Advanced Micro Devices 0.77% 9,231 $1.5M Reduce -3.6%
ABBV Abbvie Inc. 0.73% 6,167 $1.4M Add +2.5%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.73% 13,146 $1.4M Reduce -2.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.71% 4,895 $1.4M Reduce -3.2%
NOW ServiceNow Inc. 0.67% 1,423 $1.3M Add +6.3%
GLD SPDR Gold Shares 0.66% 3,636 $1.3M Reduce -5.2%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.61% 15,461 $1.2M Add +0.5%
AMGN Amgen Inc. 0.58% 4,026 $1.1M Add +3.3%
PANW Palo Alto Networks Inc. 0.57% 5,479 $1.1M Add +2.7%
REGN Regeneron Pharmaceuticals 0.54% 1,871 $1.1M Reduce -14.4%
LMT Lockheed Martin Corp. 0.52% 2,033 $1.0M Add +6.5%
UBER Uber Technologies Inc. 0.52% 10,274 $1.0M Add +4.5%
TMO Thermo Fisher Scientific Inc. 0.52% 2,068 $1.0M Add +14.6%
PLTR Palantir Technologies Inc. Class A 0.51% 5,439 $992K Reduce -16.2%
NVO Novo-Nordisk A/S-Spons ADR 0.50% 17,530 $973K Add +1.9%
GNRC Generac Holdings Inc. 0.49% 5,677 $950K Reduce -1.0%
DHR Danaher Corp. 0.48% 4,671 $926K Reduce -6.7%
ADBE Adobe Inc. 0.47% 2,621 $925K Reduce -22.8%
PSX Phillips 66 0.47% 6,666 $907K Reduce -11.9%
FITB Fifth Third Bancorp 0.46% 20,189 $899K Reduce -1.0%
VTI VG Morningstar TS MKT ETF-US 0.44% 2,609 $856K Reduce -12.8%
BHP BHP Group Ltd.-Spon ADR 0.43% 14,887 $830K Reduce -1.3%
NTR Nutrien Ltd. 0.41% 13,459 $790K Reduce -3.2%
V Visa Inc. Class A 0.40% 2,286 $780K Reduce -2.8%
TLT iShares 20+ Year Treasury BD 0.40% 8,718 $779K New
PFE Pfizer Inc. 0.39% 30,010 $765K Reduce -7.0%
GOOGL Alphabet Inc. Class A 0.38% 3,078 $748K Reduce -11.1%
LHX L3HARRIS Technologies Inc. 0.37% 2,362 $721K Reduce -4.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.32% 5,510 $631K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.32% 5,727 $624K Reduce -0.4%
CAT Caterpillar Inc. 0.29% 1,180 $563K Reduce -1.7%
IWR iShares Russell Mid-Cap ETF 0.29% 5,754 $556K Reduce -0.2%
CMG Chipotle Mexican Grill Inc. 0.27% 13,635 $534K Reduce -2.0%
ALL Allstate Corp. 0.27% 2,446 $525K Reduce -5.8%
AXP American Express Co. 0.27% 1,580 $525K No change
RSP Invesco S&P 500 Equal Weight 0.27% 2,724 $517K Reduce -0.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.26% 1,067 $512K No change
DUK Duke Energy Corp. 0.26% 4,114 $509K Add +10.2%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.24% 1,613 $474K No change
CSX CSX Corp. 0.24% 13,040 $463K Reduce -3.0%
ILMN Illumina Inc. 0.23% 4,779 $454K Reduce -7.0%
RKT Rocket Cos Inc. Class A 0.23% 23,356 $453K New
KBE SS SPDR S&P Bank ETF 0.21% 7,043 $418K Add +61.9%
CSCO Cisco Systems Inc. 0.21% 5,874 $402K Add +23.7%
METC Ramaco Resources Inc. Class A 0.21% 12,051 $400K New
BRK.B Berkshire Hathaway Inc. Class B 0.20% 787 $396K Reduce -6.5%
RTX RTX Corp. 0.20% 2,304 $386K Reduce -1.1%
DE Deere & Co. 0.19% 815 $373K Add +10.1%
VFH Vanguard Financials ETF 0.19% 2,816 $370K Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 6,920 $357K No change
COST Costco Wholesale Corp. 0.18% 384 $356K Add +11.6%
USB US Bancorp 0.18% 7,116 $344K No change
SCHD Schwab US DVD Equity ETF 0.17% 12,432 $339K Add +4.6%
MCD McDonald's Corp. 0.17% 1,092 $332K Reduce -0.2%
SHY iShares 1-3 Year Treasury Bo 0.16% 3,800 $315K No change
BX Blackstone Inc. 0.16% 1,810 $309K Reduce -10.2%
SCYB Schwab High Yield Bond ETF 0.16% 11,555 $309K New
PG The Procter & Gamble Co. 0.16% 1,982 $305K No change
MO Altria Group Inc. 0.16% 4,589 $303K Reduce -2.6%
VOO Vanguard S&P 500 ETF 0.16% 494 $303K Reduce -1.2%
IVV iShares Core S&P 500 ETF 0.15% 450 $301K No change
KMI Kinder Morgan Inc. 0.15% 10,261 $290K No change
QQQ Invesco QQQ Trust Series 1 0.15% 484 $290K Add +0.2%
FISV Fiserv Inc. 0.15% 2,238 $289K New
HOOD Robinhood Markets Inc. Class A 0.14% 1,939 $278K Reduce -28.1%

Show all 120 holdings

Portfolio Sells Q2 2025 → Q3 2025
AMZN Amazon.com Inc. Reduce -1.2% 4.81% −0.55
MSFT Microsoft Corp. Reduce -1.2% 6.98% −0.49
INTU Intuit Inc. Reduce -1.8% 1.17% −0.34
ADBE Adobe Inc. Reduce -22.8% 0.47% −0.27
PM Philip Morris International Reduce -0.0% 1.12% −0.26
CRWD CrowdStrike Holdings Inc. Class A Reduce -0.4% 1.60% −0.24
HON Honeywell International Inc. Reduce -2.5% 0.84% −0.21
JPM JPMorgan Chase & Co. Reduce -4.6% 2.98% −0.18
CMG Chipotle Mexican Grill Inc. Reduce -2.0% 0.27% −0.17
NVS Novartis AG-Sponsored ADR Reduce -5.7% 1.50% −0.15
WMT Walmart Inc. Reduce -3.0% 1.86% −0.14
QCOM Qualcomm Inc. Reduce -0.9% 2.13% −0.14
IBM Intl Business Machines Corp. Reduce -3.2% 0.71% −0.13
FIS Fidelity National Info Serv Sold out 0.00% −0.13
XYZ Block Inc. Sold out 0.00% −0.11
REGN Regeneron Pharmaceuticals Reduce -14.4% 0.54% −0.11
CVX Chevron Corp. Reduce -5.2% 1.46% −0.10
DHR Danaher Corp. Reduce -6.7% 0.48% −0.08
VTI VG Morningstar TS MKT ETF-US Reduce -12.8% 0.44% −0.07
V Visa Inc. Class A Reduce -2.8% 0.40% −0.07
NTR Nutrien Ltd. Reduce -3.2% 0.41% −0.05
PFE Pfizer Inc. Reduce -7.0% 0.39% −0.05
PSX Phillips 66 Reduce -11.9% 0.47% −0.04
ILMN Illumina Inc. Reduce -7.0% 0.23% −0.04
VRTX Vertex Pharmaceuticals Inc. Reduce -2.9% 0.13% −0.04
SBR Sabine Royalty Trust Reduce -29.7% 0.11% −0.04
PEP Pepsico Inc. Reduce -0.2% 0.87% −0.03
AMT American Tower Corp. Reduce -2.2% 0.11% −0.03
GE General Electric Reduce -8.1% 1.18% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -6.5% 0.20% −0.03
ALL Allstate Corp. Reduce -5.8% 0.27% −0.03
SJM The JM Smucker Co. Reduce -2.7% 0.73% −0.02
LH Labcorp Holdings Inc. Reduce -0.4% 1.45% −0.02
EMR Emerson Electric Co. Reduce -0.5% 0.13% −0.02
RSP Invesco S&P 500 Equal Weight Reduce -0.4% 0.27% −0.02
IWR iShares Russell Mid-Cap ETF Reduce -0.2% 0.29% −0.01
VFH Vanguard Financials ETF Reduce -0.3% 0.19% −0.01
FITB Fifth Third Bancorp Reduce -1.0% 0.46% −0.01
BX Blackstone Inc. Reduce -10.2% 0.16% −0.01
MCD McDonald's Corp. Reduce -0.2% 0.17% −0.01
CSX CSX Corp. Reduce -3.0% 0.24% −0.01
VOO Vanguard S&P 500 ETF Reduce -1.2% 0.16% −0.01
AMD Advanced Micro Devices Reduce -3.6% 0.77% −0.00
MO Altria Group Inc. Reduce -2.6% 0.16% −0.00
HOOD Robinhood Markets Inc. Class A Reduce -28.1% 0.14% −0.00
GLD SPDR Gold Shares Reduce -5.2% 0.66% +0.00
NEOG Neogen Corp. Reduce -0.5% 0.06% +0.00
RY Royal Bank of Canada Reduce -1.4% 1.46% +0.00
RTX RTX Corp. Reduce -1.1% 0.20% +0.01
PLTR Palantir Technologies Inc. Class A Reduce -16.2% 0.51% +0.01

Portfolio Buys Q2 2025 → Q3 2025
TLT iShares 20+ Year Treasury BD New 0.40% +0.40
RKT Rocket Cos Inc. Class A New 0.23% +0.23
METC Ramaco Resources Inc. Class A New 0.21% +0.21
SCYB Schwab High Yield Bond ETF New 0.16% +0.16
FISV Fiserv Inc. New 0.15% +0.15
MRK Merck & Co. Inc. Add +20.8% 0.99% +0.14
GEHC GE Healthcare Technology New 0.13% +0.13
MU Micron Technology Inc. New 0.12% +0.12
VZ Verizon Communications Inc. New 0.11% +0.11
SCHA Schwab US Small-Cap ETF New 0.11% +0.11
GEV GE Vernova Inc. Add +9.0% 0.84% +0.11
KMB Kimberly-Clark Corp. New 0.11% +0.11
MRVL Marvell Technology Inc. New 0.11% +0.11
GDX Vaneck Gold Miners ETF New 0.10% +0.10
ABBV Abbvie Inc. Add +2.5% 0.73% +0.10
TMO Thermo Fisher Scientific Inc. Add +14.6% 0.52% +0.10
CCJ Cameco Corp. Add +5.2% 1.21% +0.09
LOW Lowe's Cos Inc. Add +0.9% 2.13% +0.08
KBE SS SPDR S&P Bank ETF Add +61.9% 0.21% +0.08
LMT Lockheed Martin Corp. Add +6.5% 0.52% +0.02
CSCO Cisco Systems Inc. Add +23.7% 0.21% +0.02
DUK Duke Energy Corp. Add +10.2% 0.26% +0.01
QQQ Invesco QQQ Trust Series 1 Add +0.2% 0.15% −0.00
UBER Uber Technologies Inc. Add +4.5% 0.52% −0.00
SCHD Schwab US DVD Equity ETF Add +4.6% 0.17% −0.00
XOM Exxon Mobil Corp. Add +4.3% 1.05% −0.01
COST Costco Wholesale Corp. Add +11.6% 0.18% −0.01
DE Deere & Co. Add +10.1% 0.19% −0.02
WRB WR Berkley Corp. Add +0.5% 0.61% −0.03
AMGN Amgen Inc. Add +3.3% 0.58% −0.03
PANW Palo Alto Networks Inc. Add +2.7% 0.57% −0.04
LLY Eli Lilly & Co. Add +4.6% 1.16% −0.09
NOW ServiceNow Inc. Add +6.3% 0.67% −0.11
NFLX Netflix Inc. Add +12.5% 1.66% −0.15
NVO Novo-Nordisk A/S-Spons ADR Add +1.9% 0.50% −0.17
CHD Church & Dwight Co. Inc. Add +0.1% 1.12% −0.23

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 126$203.4MTSM, GOOG, ADM, AMZN, MSFT
Q1 2026 119$180.1MADM, MSFT, GOOG, AMZN, TSM
Q4 2025 115$189.5MMSFT, GOOG, AMZN, TSM, AVGO
Q3 2025 120$194.8MMSFT, ORCL, AMZN, TSM, AVGO
Q2 2025 110$176.9MMSFT, ORCL, AMZN, TSM, AVGO
Q1 2025 109$157.6MMSFT, AMZN, ADM, ORCL, TSM
Q4 2024 110$170.1MMSFT, AMZN, ORCL, TSM, ADM
Q3 2024 111$168.1MMSFT, ADM, AMZN, ORCL, TSM
Q2 2024 111$166.9MMSFT, AMZN, ADM, TSM, ORCL
Q1 2024 116$168.7MMSFT, ADM, AMZN, TSM, ORCL