Garland Capital Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Garland Capital Management Inc. reported 30 stock positions worth $130.0 million. Its top holding was JPMorgan Chase (JPM) at 6.0% of the portfolio, followed by Abbvie (ABBV, 5.8%) and Procter & Gamble (PG, 4.9%). Compared with Q2 2024, it sold out of 2 and reduced 28. The biggest sale was an exit from Intel (INTC).
- Most Recent 13F
- Q3 2025
- Location
- BELLEVUE, WA
- CIK
- 0001181544
- Portfolio Value
- $130.0M (Q3 2024)
- SEC Filing
- 0001398344-24-019672 ↗ filed Oct 30, 2024
Holdings Value
Holdings 30 stocks · $130.0M
| JPM JPMorgan Chase & Co. | 6.01% | 37,065 | $7.8M | Reduce -14.5% |
| ABBV Abbvie Inc. | 5.80% | 38,183 | $7.5M | Reduce -14.3% |
| PG The Procter & Gamble Co. | 4.94% | 37,101 | $6.4M | Reduce -10.7% |
| TRV The Travelers Cos Inc. | 4.81% | 26,715 | $6.3M | Reduce -11.0% |
| MRK Merck & Co. Inc. | 4.63% | 53,055 | $6.0M | Reduce -13.1% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 4.42% | 80,070 | $5.8M | Reduce -15.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 4.38% | 25,756 | $5.7M | Reduce -14.4% |
| WELL Welltower Inc. | 4.35% | 44,213 | $5.7M | Reduce -13.5% |
| CSCO Cisco Systems Inc. | 4.08% | 99,574 | $5.3M | Reduce -12.4% |
| PRU Prudential Financial Inc. | 3.83% | 41,140 | $5.0M | Reduce -12.9% |
| PEP Pepsico Inc. | 3.81% | 29,140 | $5.0M | Reduce -11.5% |
| NVS Novartis AG-Sponsored ADR | 3.73% | 42,195 | $4.9M | Reduce -15.6% |
| UPS United Parcel Service Class B | 3.63% | 34,615 | $4.7M | Reduce -11.6% |
| JNJ Johnson & Johnson | 3.55% | 28,447 | $4.6M | Reduce -13.1% |
| RTX RTX Corp. | 3.36% | 36,075 | $4.4M | Reduce -14.5% |
| CVX Chevron Corp. | 3.33% | 29,414 | $4.3M | Reduce -10.0% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 3.15% | 39,005 | $4.1M | Reduce -9.3% |
| DLR Digital Realty Trust Inc. | 3.14% | 25,260 | $4.1M | Reduce -15.2% |
| AEP American Electric Power | 2.97% | 37,640 | $3.9M | Reduce -8.4% |
| MDT Medtronic PLC | 2.90% | 41,850 | $3.8M | Reduce -9.1% |
| PFE Pfizer Inc. | 2.73% | 122,731 | $3.6M | Reduce -11.2% |
| NTRS Northern Trust Corp. | 2.73% | 39,405 | $3.5M | Reduce -14.2% |
| ARE Alexandria Real Estate Equit | 2.69% | 29,405 | $3.5M | Reduce -8.2% |
| CMCSA Comcast Corp. Class A | 2.66% | 82,780 | $3.5M | Reduce -17.7% |
| CVS CVS Health Corp. | 2.65% | 54,790 | $3.4M | Reduce -9.9% |
| ROK Rockwell Automation Inc. | 2.65% | 12,820 | $3.4M | Reduce -14.2% |
| TTE Totalenergies SE -Spon ADR | 2.55% | 51,217 | $3.3M | Reduce -11.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.42% | 3,129 | $546K | Reduce -20.5% |
| VNQ Vanguard Real Estate ETF | 0.08% | 1,049 | $102K | No change |
| VOO Vanguard S&P 500 ETF | 0.03% | 72 | $38K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| INTC Intel Corp. | Sold out | 0.00% | −2.37 |
| MRK Merck & Co. Inc. | Reduce -13.1% | 4.63% | −0.71 |
| CVX Chevron Corp. | Reduce -10.0% | 3.33% | −0.28 |
| ROK Rockwell Automation Inc. | Reduce -14.2% | 2.65% | −0.26 |
| JPM JPMorgan Chase & Co. | Reduce -14.5% | 6.01% | −0.19 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −0.18 |
| TTE Totalenergies SE -Spon ADR | Reduce -11.1% | 2.55% | −0.17 |
| UPS United Parcel Service Class B | Reduce -11.6% | 3.63% | −0.16 |
| CMCSA Comcast Corp. Class A | Reduce -17.7% | 2.66% | −0.13 |
| PRU Prudential Financial Inc. | Reduce -12.9% | 3.83% | −0.08 |
| DLR Digital Realty Trust Inc. | Reduce -15.2% | 3.14% | −0.06 |
| NVS Novartis AG-Sponsored ADR | Reduce -15.6% | 3.73% | −0.03 |
| PEP Pepsico Inc. | Reduce -11.5% | 3.81% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -20.5% | 0.42% | −0.03 |
| PFE Pfizer Inc. | Reduce -11.2% | 2.73% | −0.00 |
| NTRS Northern Trust Corp. | Reduce -14.2% | 2.73% | +0.00 |
| ARE Alexandria Real Estate Equit | Reduce -8.2% | 2.69% | +0.04 |
| PG The Procter & Gamble Co. | Reduce -10.7% | 4.94% | +0.10 |
| CVS CVS Health Corp. | Reduce -9.9% | 2.65% | +0.11 |
| JNJ Johnson & Johnson | Reduce -13.1% | 3.55% | +0.16 |
| IFF Intl Flavors & Fragrances | Reduce -9.3% | 3.15% | +0.25 |
| CSCO Cisco Systems Inc. | Reduce -12.4% | 4.08% | +0.26 |
| MDT Medtronic PLC | Reduce -9.1% | 2.90% | +0.34 |
| RTX RTX Corp. | Reduce -14.5% | 3.36% | +0.37 |
| ABBV Abbvie Inc. | Reduce -14.3% | 5.80% | +0.40 |
| AEP American Electric Power | Reduce -8.4% | 2.97% | +0.42 |
| BNY Bank of New York Mellon Corp. | Reduce -15.3% | 4.42% | +0.42 |
| TRV The Travelers Cos Inc. | Reduce -11.0% | 4.81% | +0.50 |
| WELL Welltower Inc. | Reduce -13.5% | 4.35% | +0.59 |
| IBM Intl Business Machines Corp. | Reduce -14.4% | 4.38% | +0.70 |
Portfolio Buys Q2 2024 → Q3 2024
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 21 | $7.3M | JPM, BNY, ABBV, RTX, IBM |
| Q2 2025 | 29 | $31.5M | JPM, BNY, ABBV, IBM, CSCO |
| Q1 2025 | 28 | $106.8M | ABBV, JPM, BNY, TRV, WELL |
| Q4 2024 | 33 | $122.0M | JPM, ABBV, BNY, TRV, CSCO |
| Q3 2024 | 30 | $130.0M | JPM, ABBV, PG, TRV, MRK |
| Q2 2024 | 32 | $141.5M | JPM, ABBV, MRK, PG, TRV |
| Q1 2024 | 33 | $150.9M | JPM, MRK, ABBV, TRV, PG |