Guardian Investment Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Guardian Investment Management reported 55 stock positions worth $117.6 million. Its top holding was Apple (AAPL) at 17.1% of the portfolio, followed by Danaher (DHR, 10.1%) and Microsoft (MSFT, 4.6%). Compared with Q2 2025, it opened 9 new positions, sold out of 5, added to 19 and reduced 15. The biggest buy was a new position in Blackstone (BX) and the biggest sale Amgen (AMGN, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- TIBURON, CA
- CIK
- 0001365474
- Portfolio Value
- $117.6M (Q3 2025)
- SEC Filing
- 0001365474-25-000002 ↗ filed Nov 13, 2025
Holdings Value
Holdings 55 stocks · $117.6M
| AAPL Apple Inc. | 17.07% | 78,848 | $20.1M | Add +0.3% |
| DHR Danaher Corp. | 10.13% | 63,822 | $11.9M | No change |
| MSFT Microsoft Corp. | 4.56% | 10,344 | $5.4M | Add +24.0% |
| COST Costco Wholesale Corp. | 3.97% | 5,042 | $4.7M | Reduce -0.1% |
| AMGN Amgen Inc. | 3.89% | 16,215 | $4.6M | Reduce -13.3% |
| WMT Walmart Inc. | 3.16% | 36,050 | $3.7M | Add +3.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.12% | 71,054 | $3.7M | Reduce -1.7% |
| GE General Electric filed as GE AEROSPACE | 2.86% | 11,168 | $3.4M | Reduce -0.6% |
| ABBV Abbvie Inc. | 2.80% | 14,245 | $3.3M | Reduce -0.3% |
| CVX Chevron Corp. | 2.78% | 21,078 | $3.3M | Add +18.6% |
| JNJ Johnson & Johnson | 2.65% | 16,822 | $3.1M | Add +5.0% |
| BX Blackstone Inc. | 2.52% | 17,315 | $3.0M | New |
| QS Quantumscape Corp. | 2.50% | 48,140 | $2.9M | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 2.26% | 8,434 | $2.7M | Reduce -0.2% |
| CAT Caterpillar Inc. | 2.02% | 4,987 | $2.4M | No change |
| PG The Procter & Gamble Co. | 1.62% | 12,385 | $1.9M | Add +19.0% |
| CSX CSX Corp. | 1.52% | 50,220 | $1.8M | Add +29.6% |
| AMZN Amazon.com Inc. | 1.46% | 7,983 | $1.7M | Add +1.1% |
| BA The Boeing Co. | 1.45% | 7,875 | $1.7M | Add +10.9% |
| GEV GE Vernova Inc. | 1.41% | 2,697 | $1.7M | Reduce -1.6% |
| INTC Intel Corp. | 1.34% | 46,850 | $1.6M | Reduce -16.3% |
| ITW Illinois Tool Works | 1.33% | 6,000 | $1.6M | No change |
| AXP American Express Co. | 1.30% | 4,592 | $1.5M | New |
| XOM Exxon Mobil Corp. | 1.27% | 13,280 | $1.5M | Add +13.1% |
| MMM 3M Co. | 1.25% | 9,500 | $1.5M | Add +5.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.25% | 2,930 | $1.5M | No change |
| KKR KKR & Co. Inc. | 1.20% | 10,875 | $1.4M | Reduce -11.0% |
| ADM Archer-Daniels-Midland Co. | 1.18% | 8,550 | $1.4M | Add +8.2% |
| CSCO Cisco Systems Inc. | 0.97% | 16,745 | $1.1M | No change |
| WBD Warner Bros Discovery Inc. | 0.96% | 58,000 | $1.1M | Reduce -36.8% |
| AMAT Applied Materials Inc. | 0.92% | 5,275 | $1.1M | Add +8.8% |
| CMCSA Comcast Corp. Class A | 0.88% | 33,000 | $1.0M | No change |
| C Citigroup Inc. | 0.82% | 9,475 | $962K | Reduce -10.8% |
| GS Goldman Sachs Group Inc. | 0.81% | 1,203 | $958K | New |
| TXN Texas Instruments Inc. | 0.81% | 5,200 | $955K | No change |
| T AT&T Inc. | 0.81% | 33,626 | $950K | No change |
| GOOGL Alphabet Inc. Class A | 0.77% | 3,730 | $907K | New |
| MU Micron Technology Inc. | 0.73% | 5,125 | $858K | New |
| PJT PJT Partners Inc. Class A | 0.68% | 4,506 | $801K | New |
| ABT Abbott Laboratories | 0.65% | 5,750 | $770K | No change |
| BIIB Biogen Inc. | 0.64% | 5,400 | $756K | Add +1.9% |
| DE Deere & Co. | 0.61% | 1,578 | $722K | Add +10.3% |
| MDLZ Mondelez International Inc. Class A | 0.60% | 11,305 | $706K | Add +11.9% |
| HD Home Depot Inc. | 0.49% | 1,431 | $580K | Reduce -25.9% |
| PEP Pepsico Inc. | 0.45% | 3,780 | $531K | Reduce -62.5% |
| MP MP Materials Corp. | 0.43% | 7,500 | $503K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 1,700 | $480K | Add +41.7% |
| EMR Emerson Electric Co. | 0.38% | 3,374 | $443K | No change |
| BMY Bristol-Myers Squibb Co. | 0.36% | 9,500 | $428K | No change |
| GILD Gilead Sciences Inc. | 0.35% | 3,750 | $416K | No change |
| NSC Norfolk Southern Corp. | 0.35% | 1,361 | $409K | New |
| V Visa Inc. Class A | 0.35% | 1,193 | $407K | Reduce -82.3% |
| PFE Pfizer Inc. | 0.31% | 14,310 | $365K | Add +4.1% |
| GT Goodyear Tire & Rubber Co. | 0.29% | 46,000 | $344K | Add +10.8% |
| B Barrick Mining Corp. | 0.29% | 10,250 | $336K | New |
Portfolio Sells Q2 2025 → Q3 2025
| AMGN Amgen Inc. | Reduce -13.3% | 3.89% | −1.36 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −1.20 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 3.97% | −1.06 |
| SLB SLB Ltd. | Sold out | 0.00% | −1.03 |
| PEP Pepsico Inc. | Reduce -62.5% | 0.45% | −0.89 |
| KKR KKR & Co. Inc. | Reduce -11.0% | 1.20% | −0.43 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.35 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.35 |
| BAC Bank of America Corp. | Reduce -1.7% | 3.12% | −0.32 |
| RTX RTX Corp. | Sold out | 0.00% | −0.31 |
| QS Quantumscape Corp. | Reduce -4.0% | 2.50% | −0.26 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 2.26% | −0.20 |
| WBD Warner Bros Discovery Inc. | Reduce -36.8% | 0.96% | −0.09 |
| C Citigroup Inc. | Reduce -10.8% | 0.82% | −0.09 |
| HD Home Depot Inc. | Reduce -25.9% | 0.49% | −0.07 |
| GEV GE Vernova Inc. | Reduce -1.6% | 1.41% | −0.05 |
| V Visa Inc. Class A | Reduce -82.3% | 0.35% | +0.05 |
| INTC Intel Corp. | Reduce -16.3% | 1.34% | +0.07 |
| ABBV Abbvie Inc. | Reduce -0.3% | 2.80% | +0.13 |
| GE General Electric | Reduce -0.6% | 2.86% | +0.66 |
Portfolio Buys Q2 2025 → Q3 2025
| BX Blackstone Inc. | New | 2.52% | +2.52 |
| AXP American Express Co. | New | 1.30% | +1.30 |
| AAPL Apple Inc. | Add +0.3% | 17.07% | +0.84 |
| GS Goldman Sachs Group Inc. | New | 0.81% | +0.81 |
| GOOGL Alphabet Inc. Class A | New | 0.77% | +0.77 |
| MU Micron Technology Inc. | New | 0.73% | +0.73 |
| PJT PJT Partners Inc. Class A | New | 0.68% | +0.68 |
| MP MP Materials Corp. | New | 0.43% | +0.43 |
| MSFT Microsoft Corp. | Add +24.0% | 4.56% | +0.38 |
| NSC Norfolk Southern Corp. | New | 0.35% | +0.35 |
| B Barrick Mining Corp. | New | 0.29% | +0.29 |
| CSX CSX Corp. | Add +29.6% | 1.52% | +0.24 |
| CVX Chevron Corp. | Add +18.6% | 2.78% | +0.22 |
| JNJ Johnson & Johnson | Add +5.0% | 2.65% | +0.19 |
| IBM Intl Business Machines Corp. | Add +41.7% | 0.41% | +0.05 |
| ADM Archer-Daniels-Midland Co. | Add +8.2% | 1.18% | +0.05 |
| AMAT Applied Materials Inc. | Add +8.8% | 0.92% | +0.02 |
| XOM Exxon Mobil Corp. | Add +13.1% | 1.27% | +0.00 |
| PFE Pfizer Inc. | Add +4.1% | 0.31% | −0.03 |
| BIIB Biogen Inc. | Add +1.9% | 0.64% | −0.03 |
| PG The Procter & Gamble Co. | Add +19.0% | 1.62% | −0.05 |
| BA The Boeing Co. | Add +10.9% | 1.45% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Add +11.9% | 0.60% | −0.08 |
| DE Deere & Co. | Add +10.3% | 0.61% | −0.12 |
| MMM 3M Co. | Add +5.6% | 1.25% | −0.13 |
| GT Goodyear Tire & Rubber Co. | Add +10.8% | 0.29% | −0.14 |
| WMT Walmart Inc. | Add +3.4% | 3.16% | −0.27 |
| AMZN Amazon.com Inc. | Add +1.1% | 1.46% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $154.9M | AAPL, DHR, BX, AMGN, CAT |
| Q1 2026 | 60 | $126.7M | AAPL, DHR, BX, AMGN, COST |
| Q4 2025 | 56 | $128.3M | AAPL, BX, DHR, AMGN, MSFT |
| Q3 2025 | 55 | $117.6M | AAPL, DHR, MSFT, COST, AMGN |
| Q2 2025 | 51 | $99.4M | AAPL, DHR, AMGN, COST, MSFT |
| Q1 2025 | 57 | $118.8M | AAPL, BX, AMGN, DHR, COST |
| Q4 2024 | 57 | $140.1M | AAPL, BX, DHR, WMT, MSFT |
| Q3 2024 | 55 | $116.1M | AAPL, MSFT, DHR, WMT, COST |
| Q2 2024 | 56 | $139.8M | AAPL, AMZN, MSFT, AMGN, WMT |
| Q1 2024 | 54 | $124.4M | AAPL, NVDA, MSFT, INTC, AMGN |