Garland Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), Garland Capital Management Inc. reported 29 stock positions worth $31.5 million. Its top holding was JPMorgan Chase (JPM) at 7.4% of the portfolio, followed by Bank of New York Mellon (BNY, 5.7%) and Abbvie (ABBV, 5.5%). Compared with Q1 2025, it opened 1 new position and reduced 28. The biggest buy was a new position in Park Hotels & Resorts (PK) and the biggest sale Abbvie (ABBV, shares −72%).
- Most Recent 13F
- Q3 2025
- Location
- BELLEVUE, WA
- CIK
- 0001181544
- Portfolio Value
- $31.5M (Q2 2025)
- SEC Filing
- 0001398344-25-014289 ↗ filed Aug 1, 2025
Holdings Value
Holdings 29 stocks · $31.5M
| JPM JPMorgan Chase & Co. | 7.43% | 8,070 | $2.3M | Reduce -68.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 5.73% | 19,795 | $1.8M | Reduce -70.6% |
| ABBV Abbvie Inc. | 5.47% | 9,283 | $1.7M | Reduce -71.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 5.44% | 5,812 | $1.7M | Reduce -72.8% |
| CSCO Cisco Systems Inc. | 5.04% | 22,875 | $1.6M | Reduce -72.5% |
| PG The Procter & Gamble Co. | 4.51% | 8,920 | $1.4M | Reduce -71.4% |
| RTX RTX Corp. | 4.45% | 9,590 | $1.4M | Reduce -70.4% |
| NVS Novartis AG-Sponsored ADR | 4.42% | 11,500 | $1.4M | Reduce -70.1% |
| WELL Welltower Inc. | 4.39% | 9,005 | $1.4M | Reduce -74.6% |
| TRV The Travelers Cos Inc. | 4.31% | 5,072 | $1.4M | Reduce -76.1% |
| PRU Prudential Financial Inc. | 3.58% | 10,510 | $1.1M | Reduce -69.8% |
| PEP Pepsico Inc. | 3.48% | 8,297 | $1.1M | Reduce -70.7% |
| NTRS Northern Trust Corp. | 3.44% | 8,555 | $1.1M | Reduce -75.0% |
| MRK Merck & Co. Inc. | 3.42% | 13,625 | $1.1M | Reduce -70.5% |
| JNJ Johnson & Johnson | 3.33% | 6,865 | $1.0M | Reduce -71.4% |
| MDT Medtronic PLC | 3.24% | 11,715 | $1.0M | Reduce -69.7% |
| AEP American Electric Power | 3.16% | 9,580 | $994K | Reduce -73.0% |
| ROK Rockwell Automation Inc. | 3.10% | 2,940 | $977K | Reduce -74.8% |
| UPS United Parcel Service Class B | 3.09% | 9,640 | $973K | Reduce -68.2% |
| CMCSA Comcast Corp. Class A | 3.04% | 26,820 | $957K | Reduce -68.8% |
| CVX Chevron Corp. | 2.94% | 6,468 | $926K | Reduce -73.9% |
| PFE Pfizer Inc. | 2.81% | 36,542 | $886K | Reduce -68.4% |
| TTE Totalenergies SE -Spon ADR | 2.72% | 13,942 | $856K | Reduce -69.2% |
| ARE Alexandria Real Estate Equit | 2.52% | 10,920 | $793K | Reduce -63.6% |
| PLD Prologis Inc. | 2.45% | 7,355 | $773K | Reduce -69.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.52% | 2,709 | $479K | Reduce -13.7% |
| PK Park Hotels & Resorts Inc. | 0.67% | 20,750 | $212K | New |
| VNQ Vanguard Real Estate ETF | 0.23% | 829 | $74K | Reduce -21.0% |
| VOO Vanguard S&P 500 ETF | 0.06% | 36 | $20K | Reduce -50.0% |
Portfolio Sells Q1 2025 → Q2 2025
| ABBV Abbvie Inc. | Reduce -71.6% | 5.47% | −0.95 |
| CVX Chevron Corp. | Reduce -73.9% | 2.94% | −0.95 |
| TRV The Travelers Cos Inc. | Reduce -76.1% | 4.31% | −0.94 |
| WELL Welltower Inc. | Reduce -74.6% | 4.39% | −0.69 |
| PEP Pepsico Inc. | Reduce -70.7% | 3.48% | −0.49 |
| PG The Procter & Gamble Co. | Reduce -71.4% | 4.51% | −0.47 |
| AEP American Electric Power | Reduce -73.0% | 3.16% | −0.47 |
| MRK Merck & Co. Inc. | Reduce -70.5% | 3.42% | −0.46 |
| JNJ Johnson & Johnson | Reduce -71.4% | 3.33% | −0.40 |
| ARE Alexandria Real Estate Equit | Reduce -63.6% | 2.52% | −0.08 |
| PRU Prudential Financial Inc. | Reduce -69.8% | 3.58% | −0.06 |
| PLD Prologis Inc. | Reduce -69.1% | 2.45% | −0.03 |
| UPS United Parcel Service Class B | Reduce -68.2% | 3.09% | −0.03 |
| TTE Totalenergies SE -Spon ADR | Reduce -69.2% | 2.72% | −0.02 |
| MDT Medtronic PLC | Reduce -69.7% | 3.24% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -50.0% | 0.06% | +0.03 |
| CMCSA Comcast Corp. Class A | Reduce -68.8% | 3.04% | +0.06 |
| PFE Pfizer Inc. | Reduce -68.4% | 2.81% | +0.07 |
| VNQ Vanguard Real Estate ETF | Reduce -21.0% | 0.23% | +0.15 |
| CSCO Cisco Systems Inc. | Reduce -72.5% | 5.04% | +0.24 |
| NTRS Northern Trust Corp. | Reduce -75.0% | 3.44% | +0.28 |
| ROK Rockwell Automation Inc. | Reduce -74.8% | 3.10% | +0.28 |
| NVS Novartis AG-Sponsored ADR | Reduce -70.1% | 4.42% | +0.40 |
| RTX RTX Corp. | Reduce -70.4% | 4.45% | +0.43 |
| BNY Bank of New York Mellon Corp. | Reduce -70.6% | 5.73% | +0.43 |
| IBM Intl Business Machines Corp. | Reduce -72.8% | 5.44% | +0.46 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -13.7% | 1.52% | +1.01 |
| JPM JPMorgan Chase & Co. | Reduce -68.5% | 7.43% | +1.54 |
Portfolio Buys Q1 2025 → Q2 2025
| PK Park Hotels & Resorts Inc. | New | 0.67% | +0.67 |
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 |