Front Street Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Front Street Capital Management, Inc. reported 72 stock positions worth $648.0 million. Its top holding was Lumen Technologies (LUMN) at 11.4% of the portfolio, followed by General Electric (GE, 10.2%) and Cognex (CGNX, 9.1%). Compared with Q2 2025, it opened 8 new positions, sold out of 6, added to 14 and reduced 41. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +896%) and the biggest sale Manitowoc (MTW, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- MISSOULA, MT
- CIK
- 0001683182
- Portfolio Value
- $648.0M (Q3 2025)
- SEC Filing
- 0001683182-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 72 stocks · $648.0M
| LUMN Lumen Technologies Inc. filed as Centurytel Inc Com | 11.44% | 12,166,325 | $74.1M | Add +1.6% |
| GE General Electric Company | 10.18% | 219,482 | $66.0M | Reduce -5.6% |
| CGNX Cognex Corp. | 9.06% | 1,294,989 | $58.7M | Reduce -2.3% |
| VOO Vanguard S&P 500 ETF | 6.55% | 69,338 | $42.4M | Add +896.4% |
| GEV GE Vernova Inc. | 5.24% | 55,197 | $33.9M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.11% | 65,997 | $33.1M | Reduce -7.4% |
| MTW Manitowoc Company Inc. | 5.06% | 3,276,015 | $32.8M | Reduce -0.0% |
| DHR Danaher Corp. | 3.75% | 122,733 | $24.3M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 3.17% | 22,213 | $20.5M | Reduce -14.4% |
| ESAB Esab Corp. | 2.67% | 155,040 | $17.3M | Reduce -0.1% |
| LITE Lumentum Holdings Inc. | 2.65% | 105,391 | $17.1M | Reduce -3.3% |
| GLW Corning Inc. | 2.65% | 209,224 | $17.1M | Reduce -3.8% |
| JOE The St Joe Co. | 2.56% | 335,756 | $16.6M | Reduce -4.1% |
| CIEN Ciena Corp. | 2.20% | 97,873 | $14.3M | Reduce -2.4% |
| TEX Terex Corp. | 2.04% | 258,056 | $13.2M | Reduce -0.6% |
| COHR Coherent Corp. | 1.98% | 119,282 | $12.8M | Reduce -0.3% |
| NUE Nucor Corp. | 1.81% | 86,549 | $11.7M | Reduce -0.1% |
| MLKN Millerknoll Inc. | 1.77% | 646,112 | $11.5M | Reduce -0.5% |
| MOD Modine Manufacturing Co. | 1.69% | 77,002 | $10.9M | Reduce -1.2% |
| VNT Vontier Corp. | 1.21% | 186,540 | $7.8M | Reduce -4.0% |
| AAPL Apple Inc. | 1.20% | 30,480 | $7.8M | Reduce -1.1% |
| ATS Ats Corp. | 1.17% | 289,772 | $7.6M | Reduce -1.4% |
| AZTA Azenta Inc. | 1.11% | 249,982 | $7.2M | Add +312.7% |
| VFIAX Vanguard 500 Index-Adm | 1.08% | 11,419 | $7.0M | New |
| PH Parker Hannifin Corp. | 1.02% | 8,709 | $6.6M | Reduce -1.3% |
| ENOV Enovis Corp. | 0.96% | 205,863 | $6.2M | Reduce -0.9% |
| BAX Baxter International Inc. | 0.91% | 258,501 | $5.9M | New |
| GEHC GE Healthcare Technology | 0.81% | 69,963 | $5.3M | Add +0.1% |
| MSFT Microsoft Corp. | 0.80% | 10,037 | $5.2M | Add +6.0% |
| GPN Global Payments Inc. | 0.79% | 61,525 | $5.1M | Reduce -0.0% |
| IP International Paper Co. | 0.74% | 103,464 | $4.8M | Add +48.8% |
| VLTO Veralto Corp. | 0.68% | 41,359 | $4.4M | Reduce -0.0% |
| CMCO Columbus McKinnon Corp. | 0.46% | 208,867 | $3.0M | Reduce -16.6% |
| TILE Interface Inc. | 0.43% | 96,652 | $2.8M | Reduce -0.0% |
| MCD McDonald's Corp. | 0.42% | 8,903 | $2.7M | Reduce -7.9% |
| VFTAX Vanguard Ftse Soc Indx-Adm | 0.39% | 39,832 | $2.5M | New |
| AMD Advanced Micro Devices | 0.35% | 13,877 | $2.2M | New |
| SWPPX Schwab S&P 500 Index-Sel | 0.34% | 129,403 | $2.2M | New |
| FRFHF Fairfax Financial Hldgs Ltd. | 0.28% | 1,025 | $1.8M | No change |
| MKL Markel Group Inc. | 0.26% | 895 | $1.7M | Add +2.2% |
| PG The Procter & Gamble Co. | 0.26% | 10,850 | $1.7M | No change |
| NVDA Nvidia Corp. | 0.22% | 7,774 | $1.4M | Reduce -0.8% |
| EXPD Expeditors Intl Wash Inc. | 0.20% | 10,494 | $1.3M | Reduce -34.5% |
| GOOG Alphabet Inc. Class C | 0.18% | 4,767 | $1.2M | Add +49.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 3,053 | $1.0M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,472 | $980K | Add +4.8% |
| GOOGL Alphabet Inc. Class A | 0.15% | 3,959 | $963K | Add +0.5% |
| GBCI Glacier Bancorp Inc. | 0.14% | 19,122 | $931K | Reduce -2.7% |
| AMAT Applied Materials Inc. | 0.13% | 4,092 | $839K | Reduce -0.2% |
| SBUX Starbucks Corp. | 0.11% | 8,092 | $692K | Add +0.2% |
| AMZN Amazon.com Inc. | 0.10% | 3,069 | $678K | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 0.10% | 1,974 | $623K | Add +102.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.09% | 11,913 | $615K | Reduce -11.2% |
| PYPL PayPal Holdings Inc. | 0.09% | 7,976 | $556K | Reduce -2.8% |
| CVX Chevron Corp. | 0.08% | 3,401 | $528K | Reduce -0.3% |
| ROL Rollins Inc. | 0.08% | 8,707 | $511K | Reduce -14.8% |
| KO The Coca-Cola Co. | 0.07% | 7,014 | $465K | Reduce -0.0% |
| TSLA Tesla Inc. | 0.07% | 977 | $434K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.06% | 4,480 | $411K | New |
| CL Colgate-Palmolive Co. | 0.06% | 5,106 | $409K | No change |
| NOC Northrop Grumman Corp. | 0.06% | 628 | $383K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 5,165 | $351K | New |
| ETN Eaton Corp. PLC | 0.05% | 865 | $324K | No change |
| IWM iShares Russell 2000 ETF | 0.05% | 1,273 | $308K | New |
| JNJ Johnson & Johnson | 0.05% | 1,670 | $307K | No change |
| WFC Wells Fargo & Co. | 0.04% | 3,470 | $291K | Reduce -8.8% |
| ROG Rogers Corp. | 0.04% | 3,596 | $289K | Add +22.5% |
| META Meta Platforms Inc. Class A | 0.04% | 347 | $257K | No change |
| VZ Verizon Communications Inc. | 0.04% | 5,504 | $242K | Reduce -23.4% |
| QCOM Qualcomm Inc. | 0.03% | 1,329 | $221K | Reduce -19.6% |
| AXP American Express Co. | 0.03% | 650 | $216K | No change |
| LAB Standard Biotools Inc. | 0.03% | 153,231 | $199K | Add +27.1% |
Portfolio Sells Q2 2025 → Q3 2025
| MTW Manitowoc Company Inc. | Reduce -0.0% | 5.06% | −2.49 |
| COST Costco Wholesale Corp. | Reduce -14.4% | 3.17% | −1.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.4% | 5.11% | −1.53 |
| GE General Electric Company | Reduce -5.6% | 10.18% | −1.28 |
| DHR Danaher Corp. | Reduce -0.7% | 3.75% | −0.93 |
| ESAB Esab Corp. | Reduce -0.1% | 2.67% | −0.91 |
| MLKN Millerknoll Inc. | Reduce -0.5% | 1.77% | −0.65 |
| JOE The St Joe Co. | Reduce -4.1% | 2.56% | −0.64 |
| ATS Ats Corp. | Reduce -1.4% | 1.17% | −0.62 |
| GEV GE Vernova Inc. | Reduce -2.0% | 5.24% | −0.47 |
| NUE Nucor Corp. | Reduce -0.1% | 1.81% | −0.34 |
| ENOV Enovis Corp. | Reduce -0.9% | 0.96% | −0.28 |
| TEX Terex Corp. | Reduce -0.6% | 2.04% | −0.28 |
| CMCO Columbus McKinnon Corp. | Reduce -16.6% | 0.46% | −0.27 |
| VNT Vontier Corp. | Reduce -4.0% | 1.21% | −0.17 |
| PH Parker Hannifin Corp. | Reduce -1.3% | 1.02% | −0.16 |
| GPN Global Payments Inc. | Reduce -0.0% | 0.79% | −0.15 |
| EXPD Expeditors Intl Wash Inc. | Reduce -34.5% | 0.20% | −0.15 |
| MCD McDonald's Corp. | Reduce -7.9% | 0.42% | −0.12 |
| VLTO Veralto Corp. | Reduce -0.0% | 0.68% | −0.12 |
| COHR Coherent Corp. | Reduce -0.3% | 1.98% | −0.06 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| RTX RTX Corp. | Sold out | 0.00% | −0.04 |
| ROL Rollins Inc. | Reduce -14.8% | 0.08% | −0.03 |
| PYPL PayPal Holdings Inc. | Reduce -2.8% | 0.09% | −0.03 |
| CR Crane Co. | Sold out | 0.00% | −0.03 |
| BAC Bank of America Corp. | Reduce -11.2% | 0.09% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 0.10% | −0.03 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.2% | 0.15% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.0% | 0.07% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -23.4% | 0.04% | −0.02 |
| GBCI Glacier Bancorp Inc. | Reduce -2.7% | 0.14% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -19.6% | 0.03% | −0.02 |
| NVDA Nvidia Corp. | Reduce -0.8% | 0.22% | −0.02 |
| AMAT Applied Materials Inc. | Reduce -0.2% | 0.13% | −0.01 |
| AAPL Apple Inc. | Reduce -1.1% | 1.20% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -8.8% | 0.04% | −0.01 |
| CVX Chevron Corp. | Reduce -0.3% | 0.08% | −0.01 |
| KE Kimball Electronics Inc. | Sold out | 0.00% | −0.01 |
| TILE Interface Inc. | Reduce -0.0% | 0.43% | +0.04 |
| MOD Modine Manufacturing Co. | Reduce -1.2% | 1.69% | +0.22 |
| GLW Corning Inc. | Reduce -3.8% | 2.65% | +0.45 |
| CIEN Ciena Corp. | Reduce -2.4% | 2.20% | +0.64 |
| LITE Lumentum Holdings Inc. | Reduce -3.3% | 2.65% | +0.66 |
| CGNX Cognex Corp. | Reduce -2.3% | 9.06% | +1.01 |
Portfolio Buys Q2 2025 → Q3 2025
| VOO Vanguard S&P 500 ETF | Add +896.4% | 6.55% | +5.79 |
| LUMN Lumen Technologies Inc. | Add +1.6% | 11.44% | +1.40 |
| VFIAX Vanguard 500 Index-Adm | New | 1.08% | +1.08 |
| BAX Baxter International Inc. | New | 0.91% | +0.91 |
| AZTA Azenta Inc. | Add +312.7% | 1.11% | +0.75 |
| VFTAX Vanguard Ftse Soc Indx-Adm | New | 0.39% | +0.39 |
| AMD Advanced Micro Devices | New | 0.35% | +0.35 |
| SWPPX Schwab S&P 500 Index-Sel | New | 0.34% | +0.34 |
| IP International Paper Co. | Add +48.8% | 0.74% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +49.8% | 0.18% | +0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.06% | +0.06 |
| CSCO Cisco Systems Inc. | New | 0.05% | +0.05 |
| IWM iShares Russell 2000 ETF | New | 0.05% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +102.7% | 0.10% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.15% | +0.01 |
| ROG Rogers Corp. | Add +22.5% | 0.04% | +0.01 |
| LAB Standard Biotools Inc. | Add +27.1% | 0.03% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.8% | 0.15% | −0.02 |
| SBUX Starbucks Corp. | Add +0.2% | 0.11% | −0.04 |
| MKL Markel Group Inc. | Add +2.2% | 0.26% | −0.07 |
| MSFT Microsoft Corp. | Add +6.0% | 0.80% | −0.10 |
| GEHC GE Healthcare Technology | Add +0.1% | 0.81% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 70 | $880.6M | LUMN, CGNX, GE, GEV, MTW |
| Q1 2026 | 73 | $753.9M | LUMN, CGNX, GE, GEV, VOO |
| Q4 2025 | 73 | $704.3M | LUMN, GE, CGNX, VOO, MTW |
| Q3 2025 | 72 | $648.0M | LUMN, GE, CGNX, VOO, GEV |
| Q2 2025 | 70 | $521.9M | GE, LUMN, CGNX, MTW, BRK.B |
| Q1 2025 | 63 | $524.3M | BRK.B, GE, LUMN, CGNX, VOO |
| Q4 2024 | 68 | $575.7M | LUMN, CGNX, GE, BRK.B, VOO |
| Q3 2024 | 67 | $618.1M | LUMN, GE, CGNX, BRK.B, VOO |
| Q2 2024 | 72 | $521.7M | CGNX, GE, BRK.B, VOO, DHR |
| Q1 2024 | 70 | $532.3M | GE, CGNX, BRK.B, MTW, DHR |