Garland Capital Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Garland Capital Management Inc. reported 21 stock positions worth $7.3 million. Its top holding was JPMorgan Chase (JPM) at 8.2% of the portfolio, followed by Bank of New York Mellon (BNY, 8.1%) and Abbvie (ABBV, 6.9%). Compared with Q2 2025, it sold out of 8 and reduced 20. The biggest sale was an exit from Welltower (WELL).
- Most Recent 13F
- Q3 2025
- Location
- BELLEVUE, WA
- CIK
- 0001181544
- Portfolio Value
- $7.3M (Q3 2025)
- SEC Filing
- 0001398344-25-020361 ↗ filed Nov 5, 2025
Holdings Value
Holdings 21 stocks · $7.3M
| JPM JPMorgan Chase & Co. | 8.20% | 1,890 | $596K | Reduce -76.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 8.13% | 5,425 | $591K | Reduce -72.6% |
| ABBV Abbvie Inc. | 6.88% | 2,160 | $500K | Reduce -76.7% |
| RTX RTX Corp. | 6.45% | 2,800 | $469K | Reduce -70.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 6.09% | 1,570 | $443K | Reduce -73.0% |
| NVS Novartis AG-Sponsored ADR | 5.59% | 3,170 | $407K | Reduce -72.4% |
| CSCO Cisco Systems Inc. | 5.34% | 5,675 | $388K | Reduce -75.2% |
| ARE Alexandria Real Estate Equit | 5.06% | 4,410 | $368K | Reduce -59.6% |
| PEP Pepsico Inc. | 4.97% | 2,570 | $361K | Reduce -69.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.87% | 1,899 | $354K | Reduce -29.9% |
| PG The Procter & Gamble Co. | 4.70% | 2,225 | $342K | Reduce -75.1% |
| JNJ Johnson & Johnson | 4.48% | 1,755 | $325K | Reduce -74.4% |
| MRK Merck & Co. Inc. | 4.15% | 3,590 | $301K | Reduce -73.7% |
| PRU Prudential Financial Inc. | 3.96% | 2,775 | $288K | Reduce -73.6% |
| MDT Medtronic PLC | 3.90% | 2,980 | $284K | Reduce -74.6% |
| PLD Prologis Inc. | 3.77% | 2,390 | $274K | Reduce -67.5% |
| AEP American Electric Power | 3.45% | 2,230 | $251K | Reduce -76.7% |
| TTE Totalenergies SE -Spon ADR | 3.19% | 3,885 | $232K | Reduce -72.1% |
| PK Park Hotels & Resorts Inc. | 3.16% | 20,750 | $230K | No change |
| CVX Chevron Corp. | 3.00% | 1,405 | $218K | Reduce -78.3% |
| VNQ Vanguard Real Estate ETF | 0.66% | 524 | $48K | Reduce -36.8% |
Portfolio Sells Q2 2025 → Q3 2025
| WELL Welltower Inc. | Sold out | 0.00% | −4.39 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −4.31 |
| NTRS Northern Trust Corp. | Sold out | 0.00% | −3.44 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −3.10 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −3.09 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −3.04 |
| PFE Pfizer Inc. | Sold out | 0.00% | −2.81 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.06 |
| CVX Chevron Corp. | Reduce -78.3% | 3.00% | +0.06 |
| PG The Procter & Gamble Co. | Reduce -75.1% | 4.70% | +0.19 |
| AEP American Electric Power | Reduce -76.7% | 3.45% | +0.30 |
| CSCO Cisco Systems Inc. | Reduce -75.2% | 5.34% | +0.30 |
| PRU Prudential Financial Inc. | Reduce -73.6% | 3.96% | +0.38 |
| VNQ Vanguard Real Estate ETF | Reduce -36.8% | 0.66% | +0.42 |
| TTE Totalenergies SE -Spon ADR | Reduce -72.1% | 3.19% | +0.47 |
| IBM Intl Business Machines Corp. | Reduce -73.0% | 6.09% | +0.66 |
| MDT Medtronic PLC | Reduce -74.6% | 3.90% | +0.66 |
| MRK Merck & Co. Inc. | Reduce -73.7% | 4.15% | +0.72 |
| JPM JPMorgan Chase & Co. | Reduce -76.6% | 8.20% | +0.77 |
| JNJ Johnson & Johnson | Reduce -74.4% | 4.48% | +1.15 |
| NVS Novartis AG-Sponsored ADR | Reduce -72.4% | 5.59% | +1.17 |
| PLD Prologis Inc. | Reduce -67.5% | 3.77% | +1.31 |
| ABBV Abbvie Inc. | Reduce -76.7% | 6.88% | +1.41 |
| PEP Pepsico Inc. | Reduce -69.0% | 4.97% | +1.49 |
| RTX RTX Corp. | Reduce -70.8% | 6.45% | +2.00 |
| BNY Bank of New York Mellon Corp. | Reduce -72.6% | 8.13% | +2.41 |
| ARE Alexandria Real Estate Equit | Reduce -59.6% | 5.06% | +2.54 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -29.9% | 4.87% | +3.35 |
Portfolio Buys Q2 2025 → Q3 2025
| 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 |