Front Street Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Front Street Capital Management, Inc. reported 73 stock positions worth $704.3 million. Its top holding was Lumen Technologies (LUMN) at 13.4% of the portfolio, followed by General Electric (GE, 9.1%) and Cognex (CGNX, 6.7%). Compared with Q3 2025, it opened 6 new positions, sold out of 5, added to 22 and reduced 38. The biggest buy was International Paper (IP, shares +122%) and the biggest sale General Electric (GE, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- MISSOULA, MT
- CIK
- 0001683182
- Portfolio Value
- $704.3M (Q4 2025)
- SEC Filing
- 0001683182-26-000001 ↗ filed Feb 18, 2026
Holdings Value
Holdings 73 stocks · $704.3M
| LUMN Lumen Technologies Inc. | 13.38% | 12,124,353 | $94.2M | Reduce -0.3% |
| GE General Electric Company filed as GE Aerospace | 9.09% | 207,821 | $64.0M | Reduce -5.3% |
| CGNX Cognex Corp. | 6.69% | 1,309,295 | $47.1M | Add +1.1% |
| VOO Vanguard S&P 500 ETF | 6.14% | 69,175 | $43.2M | Reduce -0.2% |
| MTW Manitowoc Company Inc. | 5.56% | 3,264,023 | $39.1M | Reduce -0.4% |
| LITE Lumentum Holdings Inc. | 5.00% | 95,584 | $35.2M | Reduce -9.3% |
| GEV GE Vernova Inc. | 4.88% | 52,576 | $34.4M | Reduce -4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.77% | 66,897 | $33.6M | Add +1.4% |
| DHR Danaher Corp. | 3.88% | 119,504 | $27.4M | Reduce -2.6% |
| CIEN Ciena Corp. | 2.86% | 86,259 | $20.2M | Reduce -11.9% |
| JOE The St Joe Co. | 2.78% | 330,349 | $19.6M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 2.70% | 22,065 | $19.0M | Reduce -0.7% |
| COHR Coherent Corp. | 2.58% | 98,613 | $18.2M | Reduce -17.3% |
| GLW Corning Inc. | 2.54% | 203,906 | $17.9M | Reduce -2.5% |
| ESAB Esab Corp. | 2.46% | 154,848 | $17.3M | Reduce -0.1% |
| NUE Nucor Corp. | 2.00% | 86,354 | $14.1M | Reduce -0.2% |
| MLKN Millerknoll Inc. | 1.83% | 704,481 | $12.9M | Add +9.0% |
| TEX Terex Corp. | 1.81% | 238,999 | $12.8M | Reduce -7.4% |
| MOD Modine Manufacturing Co. | 1.42% | 74,868 | $10.0M | Reduce -2.8% |
| ENOV Enovis Corp. | 1.37% | 361,932 | $9.6M | Add +75.8% |
| AZTA Azenta Inc. | 1.35% | 285,252 | $9.5M | Add +14.1% |
| BAX Baxter International Inc. | 1.30% | 478,664 | $9.1M | Add +85.2% |
| IP International Paper Co. | 1.29% | 229,819 | $9.1M | Add +122.1% |
| AAPL Apple Inc. | 1.17% | 30,279 | $8.2M | Reduce -0.7% |
| ATS Ats Corp. | 1.12% | 286,994 | $7.9M | Reduce -1.0% |
| VNT Vontier Corp. | 0.97% | 183,740 | $6.8M | Reduce -1.5% |
| PH Parker Hannifin Corp. | 0.88% | 7,057 | $6.2M | Reduce -19.0% |
| GEHC GE Healthcare Technology | 0.81% | 69,844 | $5.7M | Reduce -0.2% |
| GPN Global Payments Inc. | 0.68% | 61,650 | $4.8M | Add +0.2% |
| MSFT Microsoft Corp. | 0.64% | 9,308 | $4.5M | Reduce -7.3% |
| VLTO Veralto Corp. | 0.59% | 41,358 | $4.1M | Reduce 0.0% |
| CMCO Columbus McKinnon Corp. | 0.52% | 213,785 | $3.7M | Add +2.4% |
| MKL Markel Group Inc. | 0.46% | 1,513 | $3.3M | Add +69.0% |
| MCD McDonald's Corp. | 0.39% | 8,875 | $2.7M | Reduce -0.3% |
| HNI Hni Corp. | 0.36% | 60,450 | $2.5M | New |
| FRFHF Fairfax Financial Hldgs Ltd. | 0.28% | 1,025 | $2.0M | No change |
| TILE Interface Inc. | 0.26% | 65,052 | $1.8M | Reduce -32.7% |
| GOOG Alphabet Inc. Class C | 0.25% | 5,649 | $1.8M | Add +18.5% |
| EXPD Expeditors Intl Wash Inc. | 0.23% | 10,943 | $1.6M | Add +4.3% |
| PG The Procter & Gamble Co. | 0.22% | 10,836 | $1.6M | Reduce -0.1% |
| AMD Advanced Micro Devices | 0.22% | 7,150 | $1.5M | Reduce -48.5% |
| NVDA Nvidia Corp. | 0.21% | 7,899 | $1.5M | Add +1.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.19% | 4,006 | $1.3M | Add +31.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 1,456 | $993K | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.13% | 3,027 | $950K | Reduce -23.5% |
| GBCI Glacier Bancorp Inc. | 0.12% | 19,335 | $852K | Add +1.1% |
| PYPL PayPal Holdings Inc. | 0.11% | 13,451 | $785K | Add +68.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 12,879 | $708K | Add +8.1% |
| AMZN Amazon.com Inc. | 0.10% | 3,013 | $695K | Reduce -1.8% |
| SBUX Starbucks Corp. | 0.09% | 7,806 | $657K | Reduce -3.5% |
| ROL Rollins Inc. | 0.08% | 9,495 | $570K | Add +9.1% |
| CVX Chevron Corp. | 0.07% | 3,401 | $518K | No change |
| PGR Progressive Corp. | 0.07% | 2,208 | $503K | New |
| KO The Coca-Cola Co. | 0.07% | 7,015 | $490K | Add +0.0% |
| JPM JPMorgan Chase & Co. | 0.07% | 1,466 | $472K | Reduce -25.7% |
| TSLA Tesla Inc. | 0.06% | 977 | $439K | No change |
| CL Colgate-Palmolive Co. | 0.06% | 4,916 | $388K | Reduce -3.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.05% | 3,959 | $362K | Reduce -11.6% |
| NOC Northrop Grumman Corp. | 0.05% | 628 | $358K | No change |
| WFC Wells Fargo & Co. | 0.05% | 3,743 | $349K | Add +7.9% |
| JNJ Johnson & Johnson | 0.05% | 1,670 | $346K | No change |
| IWM iShares Russell 2000 ETF | 0.04% | 1,273 | $313K | No change |
| RTX RTX Corp. | 0.04% | 1,613 | $296K | New |
| CSCO Cisco Systems Inc. | 0.04% | 3,686 | $284K | Reduce -28.6% |
| QCOM Qualcomm Inc. | 0.04% | 1,655 | $283K | Add +24.5% |
| VZ Verizon Communications Inc. | 0.04% | 6,588 | $268K | Add +19.7% |
| ETN Eaton Corp. PLC | 0.04% | 790 | $252K | Reduce -8.7% |
| XOM Exxon Mobil Corp. | 0.03% | 2,009 | $242K | New |
| AXP American Express Co. | 0.03% | 650 | $240K | No change |
| ROG Rogers Corp. | 0.03% | 2,590 | $237K | Reduce -28.0% |
| LAB Standard Biotools Inc. | 0.02% | 128,525 | $165K | Reduce -16.1% |
| ITW Illinois Tool Works | 0.02% | 500 | $123K | New |
| SEIC Sei Investments Company | 0.01% | 1,129 | $93K | New |
Portfolio Sells Q3 2025 → Q4 2025
| GE General Electric Company | Reduce -5.3% | 9.09% | −1.09 |
| VFIAX Vanguard 500 Index-Adm | Sold out | 0.00% | −1.08 |
| COST Costco Wholesale Corp. | Reduce -0.7% | 2.70% | −0.47 |
| VOO Vanguard S&P 500 ETF | Reduce -0.2% | 6.14% | −0.42 |
| VFTAX Vanguard Ftse Soc Indx-Adm | Sold out | 0.00% | −0.39 |
| GEV GE Vernova Inc. | Reduce -4.8% | 4.88% | −0.36 |
| SWPPX Schwab S&P 500 Index-Sel | Sold out | 0.00% | −0.34 |
| MOD Modine Manufacturing Co. | Reduce -2.8% | 1.42% | −0.27 |
| VNT Vontier Corp. | Reduce -1.5% | 0.97% | −0.24 |
| TEX Terex Corp. | Reduce -7.4% | 1.81% | −0.23 |
| ESAB Esab Corp. | Reduce -0.1% | 2.46% | −0.22 |
| TILE Interface Inc. | Reduce -32.7% | 0.26% | −0.17 |
| MSFT Microsoft Corp. | Reduce -7.3% | 0.64% | −0.16 |
| PH Parker Hannifin Corp. | Reduce -19.0% | 0.88% | −0.14 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.13 |
| AMD Advanced Micro Devices | Reduce -48.5% | 0.22% | −0.13 |
| GLW Corning Inc. | Reduce -2.5% | 2.54% | −0.11 |
| VLTO Veralto Corp. | Reduce 0.0% | 0.59% | −0.09 |
| ATS Ats Corp. | Reduce -1.0% | 1.12% | −0.05 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 0.22% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.3% | 0.39% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -25.7% | 0.07% | −0.03 |
| AAPL Apple Inc. | Reduce -0.7% | 1.17% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -8.7% | 0.04% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -28.6% | 0.04% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -23.5% | 0.13% | −0.01 |
| SBUX Starbucks Corp. | Reduce -3.5% | 0.09% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.6% | 0.05% | −0.01 |
| ROG Rogers Corp. | Reduce -28.0% | 0.03% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.1% | 0.14% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -3.7% | 0.06% | −0.01 |
| LAB Standard Biotools Inc. | Reduce -16.1% | 0.02% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 0.10% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -0.2% | 0.81% | +0.00 |
| DHR Danaher Corp. | Reduce -2.6% | 3.88% | +0.14 |
| NUE Nucor Corp. | Reduce -0.2% | 2.00% | +0.19 |
| JOE The St Joe Co. | Reduce -1.6% | 2.78% | +0.22 |
| MTW Manitowoc Company Inc. | Reduce -0.4% | 5.56% | +0.50 |
| COHR Coherent Corp. | Reduce -17.3% | 2.58% | +0.60 |
| CIEN Ciena Corp. | Reduce -11.9% | 2.86% | +0.67 |
| LUMN Lumen Technologies Inc. | Reduce -0.3% | 13.38% | +1.94 |
| LITE Lumentum Holdings Inc. | Reduce -9.3% | 5.00% | +2.36 |
Portfolio Buys Q3 2025 → Q4 2025
| IP International Paper Co. | Add +122.1% | 1.29% | +0.54 |
| ENOV Enovis Corp. | Add +75.8% | 1.37% | +0.41 |
| BAX Baxter International Inc. | Add +85.2% | 1.30% | +0.39 |
| HNI Hni Corp. | New | 0.36% | +0.36 |
| AZTA Azenta Inc. | Add +14.1% | 1.35% | +0.24 |
| MKL Markel Group Inc. | Add +69.0% | 0.46% | +0.20 |
| GOOG Alphabet Inc. Class C | Add +18.5% | 0.25% | +0.07 |
| PGR Progressive Corp. | New | 0.07% | +0.07 |
| CMCO Columbus McKinnon Corp. | Add +2.4% | 0.52% | +0.06 |
| MLKN Millerknoll Inc. | Add +9.0% | 1.83% | +0.06 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +31.2% | 0.19% | +0.04 |
| XOM Exxon Mobil Corp. | New | 0.03% | +0.03 |
| EXPD Expeditors Intl Wash Inc. | Add +4.3% | 0.23% | +0.03 |
| PYPL PayPal Holdings Inc. | Add +68.6% | 0.11% | +0.03 |
| ITW Illinois Tool Works | New | 0.02% | +0.02 |
| SEIC Sei Investments Company | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | Add +24.5% | 0.04% | +0.01 |
| BAC Bank of America Corp. | Add +8.1% | 0.10% | +0.01 |
| WFC Wells Fargo & Co. | Add +7.9% | 0.05% | +0.00 |
| ROL Rollins Inc. | Add +9.1% | 0.08% | +0.00 |
| VZ Verizon Communications Inc. | Add +19.7% | 0.04% | +0.00 |
| KO The Coca-Cola Co. | Add +0.0% | 0.07% | −0.00 |
| NVDA Nvidia Corp. | Add +1.6% | 0.21% | −0.01 |
| GBCI Glacier Bancorp Inc. | Add +1.1% | 0.12% | −0.02 |
| GPN Global Payments Inc. | Add +0.2% | 0.68% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.4% | 4.77% | −0.33 |
| CGNX Cognex Corp. | Add +1.1% | 6.69% | −2.37 |
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 |