Letson Investment Management, Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 22, 2025), Letson Investment Management, Inc. reported 99 stock positions worth $278.7 million. Its top holding was Abbvie (ABBV) at 9.2% of the portfolio, followed by Visa Class A (V, 6.6%) and Johnson & Johnson (JNJ, 5.3%). Compared with Q2 2025, it opened 11 new positions, sold out of 5, added to 25 and reduced 14. The biggest buy was a new position in Loews (L) and the biggest sale Trane Technologies (TT, shares −24%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0002078069
Portfolio Value
$278.7M (Q3 2025)
SEC Filing
0002078069-25-000009 ↗ filed Oct 22, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $236.4M Q1 2024 Q2 2024: $226.0M Q2 2024 Q3 2024: $254.6M Q3 2024 Q4 2024: $247.4M Q4 2024 Q1 2025: $248.0M Q1 2025 Q2 2025: $253.3M Q2 2025 Q3 2025: $278.7M $278.7M Q3 2025 Q4 2025: $272.7M Q4 2025 Q1 2026: $260.3M Q1 2026 Q2 2026: $272.5M Q2 2026

Holdings 99 stocks · $278.7M
ABBV Abbvie Inc. 9.25% 111,329 $25.8M Add +0.3%
V Visa Inc. Class A 6.62% 54,018 $18.4M Reduce -0.0%
JNJ Johnson & Johnson 5.26% 79,060 $14.7M Add +0.3%
ABT Abbott Laboratories 5.22% 108,737 $14.6M Add +0.0%
ACN Accenture PLC Class A 3.91% 44,193 $10.9M Add +6.0%
AXP American Express Co. 3.81% 31,999 $10.6M Add +0.5%
L Loews Corp. 3.70% 102,768 $10.3M New
FISV Fiserv Inc. 3.38% 73,166 $9.4M New
SYK Stryker Corp. 2.85% 21,520 $8.0M Reduce -0.2%
PEP Pepsico Inc. 2.45% 48,631 $6.8M Add +0.1%
CARR Carrier Global Corp. 2.27% 106,118 $6.3M Add +0.7%
PAYX Paychex Inc. 2.20% 48,409 $6.1M Reduce -0.2%
MCD McDonald's Corp. 2.20% 20,135 $6.1M Add +0.0%
ADP Automatic Data Processing 2.13% 20,192 $5.9M Add +0.0%
INTU Intuit Inc. 2.06% 8,407 $5.7M Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.01% 108,593 $5.6M Add +1.0%
TT Trane Technologies PLC 1.91% 12,647 $5.3M Reduce -24.4%
UNP Union Pacific Corp. 1.89% 22,345 $5.3M Add +5.3%
EFX Equifax Inc. 1.85% 20,063 $5.1M No change
MRK Merck & Co. Inc. 1.61% 53,350 $4.5M Add +8.7%
VTI VG Morningstar TS MKT ETF-US 1.55% 13,125 $4.3M No change
CNI Canadian Natl Railway Co. 1.48% 43,870 $4.1M Reduce -0.2%
AMGN Amgen Inc. 1.32% 13,001 $3.7M No change
JPM JPMorgan Chase & Co. 1.22% 10,792 $3.4M Reduce -0.6%
CB Chubb Ltd. 1.20% 11,880 $3.4M Add +1.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.08% 6,520 $3.0M Reduce -8.9%
GNRC Generac Holdings Inc. 1.06% 17,654 $3.0M Add +2.8%
NOC Northrop Grumman Corp. 1.02% 4,653 $2.8M No change
ITW Illinois Tool Works 0.96% 10,278 $2.7M Add +2.4%
RTX RTX Corp. 0.95% 15,813 $2.6M Reduce -0.2%
OTIS Otis Worldwide Corp. 0.93% 28,433 $2.6M Add +4.7%
PM Philip Morris International 0.93% 16,021 $2.6M No change
BDX Becton Dickinson and Co. 0.90% 13,453 $2.5M Reduce -2.1%
AVGO Broadcom Inc. 0.88% 7,420 $2.4M No change
KDP Keurig Dr Pepper Inc. 0.84% 91,703 $2.3M Add +1.3%
COST Costco Wholesale Corp. 0.81% 2,429 $2.2M Add +3.6%
HD Home Depot Inc. 0.75% 5,161 $2.1M Reduce -0.4%
PKG Packaging Corp. of America 0.74% 9,443 $2.1M Add +0.0%
MKC McCormick & Co.-Non VTG SHRS 0.66% 27,445 $1.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.64% 15,623 $1.8M No change
AMP Ameriprise Financial Inc. 0.60% 3,381 $1.7M No change
NVDA Nvidia Corp. 0.59% 8,757 $1.6M Reduce -1.3%
NSC Norfolk Southern Corp. 0.58% 5,417 $1.6M Add +0.0%
CL Colgate-Palmolive Co. 0.57% 19,928 $1.6M No change
YUM Yum! Brands Inc. 0.57% 10,460 $1.6M No change
CVX Chevron Corp. 0.56% 10,053 $1.6M No change
MA Mastercard Inc. Class A 0.51% 2,483 $1.4M Add +0.0%
HON Honeywell International Inc. 0.44% 5,834 $1.2M No change
GPC Genuine Parts Co. 0.44% 8,788 $1.2M No change
KTOS Kratos Defense & Security 0.43% 13,170 $1.2M No change
PGR Progressive Corp. 0.35% 4,000 $988K No change
MSFT Microsoft Corp. 0.35% 1,883 $975K No change
SRE Sempra 0.33% 10,200 $918K No change
SCI Service Corp. International 0.33% 10,997 $915K Add +7.5%
MU Micron Technology Inc. 0.32% 5,300 $887K No change
KO The Coca-Cola Co. 0.30% 12,793 $848K No change
CBZ Cbiz Inc. 0.30% 16,020 $848K New
IONQ Ionq Inc. 0.27% 12,300 $756K No change
BMY Bristol-Myers Squibb Co. 0.27% 16,493 $744K No change
UBER Uber Technologies Inc. 0.23% 6,665 $653K No change
MDLZ Mondelez International Inc. Class A 0.23% 10,421 $651K Reduce -4.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 4,489 $649K No change
FIS Fidelity National Info Serv 0.21% 8,950 $590K No change
ICE Intercontinental Exchange Inc. 0.21% 3,500 $590K Reduce -1.1%
GOOG Alphabet Inc. Class C 0.20% 2,293 $559K No change
SIRI Sirius XM Holdings Inc. 0.20% 23,870 $556K New
PNC PNC Financial Services Group 0.18% 2,485 $499K No change
TMO Thermo Fisher Scientific Inc. 0.17% 1,002 $486K No change
PPLT Abrdn Physical Platinum SHRS 0.16% 3,100 $443K No change
ANET Arista Networks Inc. 0.16% 3,000 $437K No change
COP Conocophillips 0.16% 4,603 $435K No change
LOW Lowe's Cos Inc. 0.15% 1,708 $429K No change
AFL Aflac Inc. 0.15% 3,788 $423K No change
SHW The Sherwin-Williams Co. 0.15% 1,211 $419K No change
AAPL Apple Inc. 0.15% 1,612 $410K Add +30.8%
APD Air Products & Chemicals Inc. 0.14% 1,476 $403K No change
RACE Ferrari NV 0.14% 812 $394K No change
QQQ Invesco QQQ Trust Series 1 0.14% 652 $391K Add +8.3%
IVV iShares Core S&P 500 ETF 0.14% 583 $390K No change
XOM Exxon Mobil Corp. 0.13% 3,231 $364K No change
ASML ASML Holding NV-NY Reg SHS 0.13% 376 $364K No change
MO Altria Group Inc. 0.13% 5,440 $359K No change
PSX Phillips 66 0.12% 2,429 $330K No change
ORCL Oracle Corp. 0.11% 1,107 $311K No change
TXN Texas Instruments Inc. 0.10% 1,465 $269K No change
MDT Medtronic PLC 0.10% 2,819 $268K Add +0.2%
ISRG Intuitive Surgical Inc. 0.10% 593 $265K No change
LHX L3HARRIS Technologies Inc. 0.09% 842 $257K No change
EA Electronic Arts Inc. 0.09% 1,200 $242K New
APH Amphenol Corp. Class A 0.09% 1,929 $239K New
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.08% 2,120 $230K No change
RJF Raymond James Financial Inc. 0.08% 1,305 $225K No change
ULTA Ulta Beauty Inc. 0.08% 411 $225K New
AMZN Amazon.com Inc. 0.08% 1,003 $220K New
MMYT Makemytrip Ltd. 0.08% 2,270 $212K No change
NVT Nvent Electric PLC 0.08% 2,122 $209K New
GOOGL Alphabet Inc. Class A 0.07% 853 $207K New
XLK SS Technology Select Sector 0.07% 724 $204K New
MQ Marqeta Inc. 0.06% 34,014 $180K No change

Portfolio Sells Q2 2025 → Q3 2025
TT Trane Technologies PLC Reduce -24.4% 1.91% −0.98
V Visa Inc. Class A Reduce -0.0% 6.62% −0.96
PAYX Paychex Inc. Reduce -0.2% 2.20% −0.58
INTU Intuit Inc. Reduce -0.3% 2.06% −0.56
SYK Stryker Corp. Reduce -0.2% 2.85% −0.51
CNI Canadian Natl Railway Co. Reduce -0.2% 1.48% −0.32
VEA Vanguard Ftse Developed ETF Sold out 0.00% −0.29
PTON Peloton Interactive Inc. Class A Sold out 0.00% −0.19
PFE Pfizer Inc. Sold out 0.00% −0.19
LEU Centrus Energy Corp. Class A Sold out 0.00% −0.18
DIA SS SPDR Dow Jones Indus Avg Reduce -8.9% 1.08% −0.16
TOST Toast Inc. Class A Sold out 0.00% −0.08
MDLZ Mondelez International Inc. Class A Reduce -4.2% 0.23% −0.06
ICE Intercontinental Exchange Inc. Reduce -1.1% 0.21% −0.04
BDX Becton Dickinson and Co. Reduce -2.1% 0.90% −0.03
JPM JPMorgan Chase & Co. Reduce -0.6% 1.22% −0.02
HD Home Depot Inc. Reduce -0.4% 0.75% +0.00
NVDA Nvidia Corp. Reduce -1.3% 0.59% +0.03
RTX RTX Corp. Reduce -0.2% 0.95% +0.04

Portfolio Buys Q2 2025 → Q3 2025
L Loews Corp. New 3.70% +3.70
FISV Fiserv Inc. New 3.38% +3.38
ABBV Abbvie Inc. Add +0.3% 9.25% +1.11
JNJ Johnson & Johnson Add +0.3% 5.26% +0.51
CBZ Cbiz Inc. New 0.30% +0.30
SIRI Sirius XM Holdings Inc. New 0.20% +0.20
GNRC Generac Holdings Inc. Add +2.8% 1.06% +0.09
EA Electronic Arts Inc. New 0.09% +0.09
APH Amphenol Corp. Class A New 0.09% +0.09
ULTA Ulta Beauty Inc. New 0.08% +0.08
AMZN Amazon.com Inc. New 0.08% +0.08
NVT Nvent Electric PLC New 0.08% +0.08
GOOGL Alphabet Inc. Class A New 0.07% +0.07
XLK SS Technology Select Sector New 0.07% +0.07
MRK Merck & Co. Inc. Add +8.7% 1.61% +0.07
AAPL Apple Inc. Add +30.8% 0.15% +0.05
NSC Norfolk Southern Corp. Add +0.0% 0.58% +0.04
PKG Packaging Corp. of America Add +0.0% 0.74% +0.04
QQQ Invesco QQQ Trust Series 1 Add +8.3% 0.14% +0.01
BAC Bank of America Corp. Add +1.0% 2.01% +0.00
SCI Service Corp. International Add +7.5% 0.33% −0.00
MDT Medtronic PLC Add +0.2% 0.10% −0.00
ITW Illinois Tool Works Add +2.4% 0.96% −0.02
UNP Union Pacific Corp. Add +5.3% 1.89% −0.03
MA Mastercard Inc. Class A Add +0.0% 0.51% −0.04
PEP Pepsico Inc. Add +0.1% 2.45% −0.08
COST Costco Wholesale Corp. Add +3.6% 0.81% −0.11
MCD McDonald's Corp. Add +0.0% 2.20% −0.13
OTIS Otis Worldwide Corp. Add +4.7% 0.93% −0.13
CB Chubb Ltd. Add +1.4% 1.20% −0.14
AXP American Express Co. Add +0.5% 3.81% −0.20
ADP Automatic Data Processing Add +0.0% 2.13% −0.33
KDP Keurig Dr Pepper Inc. Add +1.3% 0.84% −0.34
ABT Abbott Laboratories Add +0.0% 5.22% −0.61
CARR Carrier Global Corp. Add +0.7% 2.27% −0.77
ACN Accenture PLC Class A Add +6.0% 3.91% −1.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 104$272.5MABBV, JNJ, V, L, AXP
Q1 2026 101$260.3MABBV, JNJ, V, ABT, L
Q4 2025 101$272.7MABBV, V, JNJ, ABT, AXP
Q3 2025 99$278.7MABBV, V, JNJ, ABT, ACN
Q2 2025 93$253.3MABBV, V, ABT, ACN, JNJ
Q1 2025 88$248.0MABBV, V, ABT, JNJ, ACN
Q4 2024 91$247.4MABBV, V, ACN, ABT, JNJ
Q3 2024 91$254.6MABBV, V, ACN, JNJ, ABT
Q2 2024 88$226.0MABBV, V, ACN, ABT, PEP
Q1 2024 95$236.4MABBV, V, ACN, ABT, PEP