Letson Investment Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), Letson Investment Management, Inc. reported 101 stock positions worth $272.7 million. Its top holding was Abbvie (ABBV) at 9.3% of the portfolio, followed by Visa Class A (V, 6.9%) and Johnson & Johnson (JNJ, 6.0%). Compared with Q3 2025, it opened 3 new positions, sold out of 1, added to 15 and reduced 20. The biggest buy was Johnson & Johnson (JNJ, shares +0%) and the biggest sale Fiserv (FISV, shares −8%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0002078069
Portfolio Value
$272.7M (Q4 2025)
SEC Filing
0002078069-26-000001 ↗ filed Jan 28, 2026

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 Q3 2025 Q4 2025: $272.7M $272.7M Q4 2025 Q1 2026: $260.3M Q1 2026 Q2 2026: $272.5M Q2 2026

Holdings 101 stocks · $272.7M
ABBV Abbvie Inc. 9.32% 111,293 $25.4M Reduce -0.0%
V Visa Inc. Class A 6.95% 54,018 $18.9M No change
JNJ Johnson & Johnson 6.00% 79,064 $16.4M Add +0.0%
ABT Abbott Laboratories 5.00% 108,743 $13.6M Add +0.0%
AXP American Express Co. 4.32% 31,863 $11.8M Reduce -0.4%
ACN Accenture PLC Class A 4.32% 43,894 $11.8M Reduce -0.7%
L Loews Corp. 3.97% 102,768 $10.8M No change
SYK Stryker Corp. 2.77% 21,520 $7.6M No change
PEP Pepsico Inc. 2.53% 48,128 $6.9M Reduce -1.0%
MCD McDonald's Corp. 2.26% 20,201 $6.2M Add +0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.19% 108,594 $6.0M Add +0.0%
MRK Merck & Co. Inc. 2.06% 53,363 $5.6M Add +0.0%
INTU Intuit Inc. 2.04% 8,384 $5.6M Reduce -0.3%
PAYX Paychex Inc. 1.98% 48,114 $5.4M Reduce -0.6%
CARR Carrier Global Corp. 1.93% 99,724 $5.3M Reduce -6.0%
ADP Automatic Data Processing 1.90% 20,195 $5.2M Add +0.0%
UNP Union Pacific Corp. 1.90% 22,433 $5.2M Add +0.4%
TT Trane Technologies PLC 1.80% 12,621 $4.9M Reduce -0.2%
FISV Fiserv Inc. 1.66% 67,559 $4.5M Reduce -7.7%
VTI VG Morningstar TS MKT ETF-US 1.61% 13,125 $4.4M No change
EFX Equifax Inc. 1.60% 20,063 $4.4M No change
CNI Canadian Natl Railway Co. 1.57% 43,434 $4.3M Reduce -1.0%
AMGN Amgen Inc. 1.56% 13,001 $4.3M No change
CB Chubb Ltd. 1.36% 11,881 $3.7M Add +0.0%
JPM JPMorgan Chase & Co. 1.27% 10,714 $3.5M Reduce -0.7%
RTX RTX Corp. 1.06% 15,818 $2.9M Add +0.0%
NOC Northrop Grumman Corp. 0.97% 4,653 $2.7M No change
BDX Becton Dickinson and Co. 0.96% 13,453 $2.6M No change
PM Philip Morris International 0.94% 16,021 $2.6M No change
AVGO Broadcom Inc. 0.94% 7,420 $2.6M No change
ITW Illinois Tool Works 0.93% 10,255 $2.5M Reduce -0.2%
KDP Keurig Dr Pepper Inc. 0.93% 90,150 $2.5M Reduce -1.7%
OTIS Otis Worldwide Corp. 0.87% 27,266 $2.4M Reduce -4.1%
COST Costco Wholesale Corp. 0.77% 2,429 $2.1M No change
PKG Packaging Corp. of America 0.71% 9,448 $1.9M Add +0.1%
MKC McCormick & Co.-Non VTG SHRS 0.69% 27,445 $1.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.65% 15,623 $1.8M No change
GNRC Generac Holdings Inc. 0.63% 12,666 $1.7M Reduce -28.3%
HD Home Depot Inc. 0.63% 4,996 $1.7M Reduce -3.2%
AMP Ameriprise Financial Inc. 0.61% 3,381 $1.7M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.58% 3,300 $1.6M Reduce -49.4%
YUM Yum! Brands Inc. 0.58% 10,460 $1.6M No change
CL Colgate-Palmolive Co. 0.58% 19,928 $1.6M No change
NSC Norfolk Southern Corp. 0.57% 5,418 $1.6M Add +0.0%
CVX Chevron Corp. 0.56% 10,053 $1.5M No change
MU Micron Technology Inc. 0.55% 5,300 $1.5M No change
NVDA Nvidia Corp. 0.55% 7,987 $1.5M Reduce -8.8%
MA Mastercard Inc. Class A 0.52% 2,483 $1.4M No change
HON Honeywell International Inc. 0.42% 5,834 $1.1M No change
GPC Genuine Parts Co. 0.40% 8,788 $1.1M No change
KTOS Kratos Defense & Security 0.37% 13,170 $1000K No change
MSFT Microsoft Corp. 0.34% 1,903 $920K Add +1.1%
PGR Progressive Corp. 0.33% 4,000 $911K No change
SRE Sempra 0.33% 10,200 $901K No change
KO The Coca-Cola Co. 0.33% 12,793 $894K No change
BMY Bristol-Myers Squibb Co. 0.33% 16,493 $890K No change
SCI Service Corp. International 0.31% 10,997 $857K No change
CBZ Cbiz Inc. 0.30% 16,020 $808K No change
GOOG Alphabet Inc. Class C 0.26% 2,294 $720K Add +0.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.25% 4,489 $690K No change
FIS Fidelity National Info Serv 0.22% 8,950 $595K No change
TMO Thermo Fisher Scientific Inc. 0.21% 1,002 $581K No change
PPLT Abrdn Physical Platinum SHRS 0.21% 3,100 $578K No change
ICE Intercontinental Exchange Inc. 0.21% 3,500 $567K No change
IONQ Ionq Inc. 0.21% 12,619 $566K Add +2.6%
MDLZ Mondelez International Inc. Class A 0.21% 10,421 $561K No change
UBER Uber Technologies Inc. 0.20% 6,665 $545K No change
PNC PNC Financial Services Group 0.19% 2,485 $519K No change
ONON On Holding AG Class A filed as ON HLDG AG 0.16% 9,500 $442K New
AAPL Apple Inc. 0.16% 1,612 $438K No change
COP Conocophillips 0.16% 4,603 $431K No change
AFL Aflac Inc. 0.15% 3,788 $418K No change
LOW Lowe's Cos Inc. 0.15% 1,708 $412K No change
ASML ASML Holding NV-NY Reg SHS 0.15% 376 $402K No change
QQQ Invesco QQQ Trust Series 1 0.15% 652 $401K No change
ANET Arista Networks Inc. 0.14% 3,000 $393K No change
SHW The Sherwin-Williams Co. 0.14% 1,211 $392K No change
XOM Exxon Mobil Corp. 0.14% 3,231 $389K No change
APD Air Products & Chemicals Inc. 0.13% 1,476 $365K No change
IVV iShares Core S&P 500 ETF 0.13% 505 $346K Reduce -13.4%
ISRG Intuitive Surgical Inc. 0.12% 593 $336K No change
MO Altria Group Inc. 0.12% 5,440 $314K No change
PSX Phillips 66 0.11% 2,429 $313K No change
RACE Ferrari NV 0.11% 812 $300K No change
MDT Medtronic PLC 0.10% 2,824 $271K Add +0.2%
XENE Xenon Pharmaceuticals Inc. 0.10% 6,000 $269K New
GOOGL Alphabet Inc. Class A 0.10% 853 $267K No change
ALB Albemarle Corp. 0.10% 1,860 $263K New
APH Amphenol Corp. Class A 0.10% 1,929 $261K No change
TXN Texas Instruments Inc. 0.09% 1,465 $254K No change
ULTA Ulta Beauty Inc. 0.09% 411 $249K No change
LHX L3HARRIS Technologies Inc. 0.09% 842 $247K No change
EA Electronic Arts Inc. 0.09% 1,200 $245K No change
SIRI Sirius XM Holdings Inc. 0.09% 12,010 $240K Reduce -49.7%
AMZN Amazon.com Inc. 0.08% 1,003 $232K No change
NVT Nvent Electric PLC 0.08% 2,122 $216K No change
ORCL Oracle Corp. 0.08% 1,107 $216K No change
RJF Raymond James Financial Inc. 0.08% 1,305 $210K No change
XLK SS Technology Select Sector 0.08% 1,448 $208K No change
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.08% 2,120 $207K No change
MQ Marqeta Inc. 0.06% 34,014 $162K No change

Portfolio Sells Q3 2025 → Q4 2025
FISV Fiserv Inc. Reduce -7.7% 1.66% −1.72
DIA SS SPDR Dow Jones Indus Avg Reduce -49.4% 0.58% −0.50
GNRC Generac Holdings Inc. Reduce -28.3% 0.63% −0.43
CARR Carrier Global Corp. Reduce -6.0% 1.93% −0.34
PAYX Paychex Inc. Reduce -0.6% 1.98% −0.22
HD Home Depot Inc. Reduce -3.2% 0.63% −0.12
TT Trane Technologies PLC Reduce -0.2% 1.80% −0.11
SIRI Sirius XM Holdings Inc. Reduce -49.7% 0.09% −0.11
MMYT Makemytrip Ltd. Sold out 0.00% −0.08
OTIS Otis Worldwide Corp. Reduce -4.1% 0.87% −0.06
NVDA Nvidia Corp. Reduce -8.8% 0.55% −0.04
ITW Illinois Tool Works Reduce -0.2% 0.93% −0.04
INTU Intuit Inc. Reduce -0.3% 2.04% −0.02
IVV iShares Core S&P 500 ETF Reduce -13.4% 0.13% −0.01
JPM JPMorgan Chase & Co. Reduce -0.7% 1.27% +0.04
ABBV Abbvie Inc. Reduce -0.0% 9.32% +0.08
PEP Pepsico Inc. Reduce -1.0% 2.53% +0.08
KDP Keurig Dr Pepper Inc. Reduce -1.7% 0.93% +0.09
CNI Canadian Natl Railway Co. Reduce -1.0% 1.57% +0.09
ACN Accenture PLC Class A Reduce -0.7% 4.32% +0.41
AXP American Express Co. Reduce -0.4% 4.32% +0.51

Portfolio Buys Q3 2025 → Q4 2025
JNJ Johnson & Johnson Add +0.0% 6.00% +0.74
MRK Merck & Co. Inc. Add +0.0% 2.06% +0.45
BAC Bank of America Corp. Add +0.0% 2.19% +0.18
ONON On Holding AG Class A New 0.16% +0.16
CB Chubb Ltd. Add +0.0% 1.36% +0.16
RTX RTX Corp. Add +0.0% 1.06% +0.11
XENE Xenon Pharmaceuticals Inc. New 0.10% +0.10
ALB Albemarle Corp. New 0.10% +0.10
MCD McDonald's Corp. Add +0.3% 2.26% +0.07
GOOG Alphabet Inc. Class C Add +0.0% 0.26% +0.06
UNP Union Pacific Corp. Add +0.4% 1.90% +0.01
MDT Medtronic PLC Add +0.2% 0.10% +0.00
NSC Norfolk Southern Corp. Add +0.0% 0.57% −0.01
MSFT Microsoft Corp. Add +1.1% 0.34% −0.01
PKG Packaging Corp. of America Add +0.1% 0.71% −0.02
IONQ Ionq Inc. Add +2.6% 0.21% −0.06
ADP Automatic Data Processing Add +0.0% 1.90% −0.22
ABT Abbott Laboratories Add +0.0% 5.00% −0.23

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