Lipe & Dalton

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Lipe & Dalton reported 106 stock positions worth $194.0 million. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Alphabet Class C (GOOG, 5.0%) and Goldman Sachs (GS, 3.8%). Compared with Q4 2023, it opened 7 new positions, sold out of 5, added to 29 and reduced 23. The biggest buy was a new position in Borgwarner (BWA) and the biggest sale Apple (AAPL, shares −1%).

Most Recent 13F
Q2 2026
Location
SYRACUSE, NY
CIK
0001570396
Portfolio Value
$194.0M (Q1 2024)
SEC Filing
0001570396-24-000002 ↗ filed May 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $194.0M $194.0M Q1 2024 Q2 2024: $185.9M Q2 2024 Q3 2024: $198.0M Q3 2024 Q4 2024: $188.5M Q4 2024 Q1 2025: $178.7M Q1 2025 Q2 2025: $185.0M Q2 2025 Q3 2025: $201.8M Q3 2025 Q4 2025: $202.4M Q4 2025 Q1 2026: $191.0M Q1 2026 Q2 2026: $215.1M Q2 2026

Holdings 106 stocks · $194.0M
AAPL Apple Inc. 7.16% 80,955 $13.9M Reduce -1.0%
GOOG Alphabet Inc. Class C 4.97% 63,285 $9.6M Reduce -0.5%
GS Goldman Sachs Group Inc. 3.82% 17,761 $7.4M Reduce -0.2%
BA The Boeing Co. 3.38% 33,941 $6.5M Add +7.0%
OKE Oneok Inc. 3.23% 78,087 $6.3M No change
LDOS Leidos Holdings Inc. 3.22% 47,599 $6.2M Reduce -5.8%
KHC The Kraft Heinz Co. 2.98% 156,919 $5.8M Add +1.0%
DHR Danaher Corp. 2.88% 22,375 $5.6M Reduce -0.2%
TEL Te Connectivity Ltd. 2.88% 38,423 $5.6M Reduce -0.8%
BN Brookfield Corp. 2.84% 131,777 $5.5M Add +0.1%
ROK Rockwell Automation Inc. 2.72% 18,108 $5.3M Reduce -0.8%
EMR Emerson Electric Co. 2.58% 44,040 $5.0M Reduce -0.9%
ABBV Abbvie Inc. 2.48% 26,416 $4.8M Reduce -0.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 2.37% 90,640 $4.6M Add +0.2%
INTC Intel Corp. 2.26% 99,202 $4.4M Add +0.2%
YUM Yum! Brands Inc. 2.22% 30,997 $4.3M No change
LYB Lyondellbasell Indu Class A 2.09% 39,625 $4.1M Add +0.2%
ETN Eaton Corp. PLC 1.94% 12,032 $3.8M Reduce -0.5%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 1.83% 20,405 $3.5M Add +0.3%
DE Deere & Co. 1.77% 8,343 $3.4M Reduce -5.7%
BALL Ball Corp. 1.75% 50,508 $3.4M Add +0.2%
BMY Bristol-Myers Squibb Co. 1.64% 58,681 $3.2M Add +0.8%
MSFT Microsoft Corp. 1.51% 6,983 $2.9M Add +0.1%
RTX RTX Corp. 1.51% 29,973 $2.9M No change
MLM Martin Marietta Materials 1.50% 4,745 $2.9M No change
AMGN Amgen Inc. 1.37% 9,356 $2.7M Reduce -0.7%
MS Morgan Stanley 1.32% 27,218 $2.6M Add +0.0%
V Visa Inc. Class A 1.30% 9,003 $2.5M Reduce -0.3%
BWA Borgwarner Inc. 1.27% 70,745 $2.5M New
VGR Vector Group Ltd. 1.25% 221,830 $2.4M Add +0.4%
CVS CVS Health Corp. 1.16% 28,265 $2.3M Add +0.9%
LMT Lockheed Martin Corp. 1.14% 4,855 $2.2M No change
CI The Cigna Group 1.13% 6,061 $2.2M Add +0.0%
VRTX Vertex Pharmaceuticals Inc. 1.11% 5,135 $2.1M No change
BAM Brookfield Asset Mgmt-A 1.10% 50,623 $2.1M No change
AMZN Amazon.com Inc. 0.99% 10,645 $1.9M Add +0.2%
QCOM Qualcomm Inc. 0.98% 11,257 $1.9M Reduce -2.1%
J Jacobs Solutions Inc. 0.98% 12,359 $1.9M No change
TRP TC Energy Corp. 0.91% 44,117 $1.8M No change
MRK Merck & Co. Inc. 0.81% 11,927 $1.6M Add +0.9%
STZ Constellation Brands Inc. Class A 0.76% 5,408 $1.5M Reduce -0.5%
COO The Cooper Cos Inc. 0.70% 13,440 $1.4M No change
LSXMA Liberty Media Corp. Class A New 0.67% 43,450 $1.3M New
META Meta Platforms Inc. Class A 0.65% 2,595 $1.3M Reduce -2.1%
JNJ Johnson & Johnson 0.64% 7,842 $1.2M No change
ORCL Oracle Corp. 0.59% 9,081 $1.1M No change
MDT Medtronic PLC 0.59% 13,060 $1.1M Add +1.6%
MRNA Moderna Inc. 0.58% 10,497 $1.1M Reduce -26.9%
CARR Carrier Global Corp. 0.57% 19,180 $1.1M Add +0.0%
HSY The Hershey Co. 0.56% 5,590 $1.1M Add +0.0%
GEHC GE Healthcare Technology 0.53% 11,364 $1.0M Reduce -4.6%
WFC Wells Fargo & Co. 0.49% 16,300 $945K Reduce -5.8%
ZTS Zoetis Inc. 0.48% 5,542 $938K Add +23.4%
APA Apa Corp. 0.44% 25,030 $861K New
ICE Intercontinental Exchange Inc. 0.43% 6,136 $843K Add +72.4%
KVUE Kenvue Inc. 0.43% 38,933 $836K Add +20.3%
DENN Denny's Corp. 0.43% 92,836 $832K Add +0.8%
NVDA Nvidia Corp. 0.42% 900 $813K Reduce -15.9%
VZ Verizon Communications Inc. 0.37% 17,083 $717K No change
VLTO Veralto Corp. 0.34% 7,426 $658K Reduce -0.2%
FTV Fortive Corp. 0.31% 7,096 $610K Add +1.9%
KR Kroger Co. 0.29% 10,000 $571K No change
BAX Baxter International Inc. 0.29% 13,180 $563K No change
MCD McDonald's Corp. 0.27% 1,843 $520K No change
EXAS Exact Sciences Corp. 0.26% 7,270 $502K Add +32.9%
PEP Pepsico Inc. 0.24% 2,667 $467K No change
MA Mastercard Inc. Class A 0.22% 900 $433K No change
HD Home Depot Inc. 0.19% 970 $372K No change
JPM JPMorgan Chase & Co. 0.19% 1,800 $361K Add +17.6%
SWK Stanley Black & Decker Inc. 0.19% 3,680 $360K Add +0.0%
PG The Procter & Gamble Co. 0.19% 2,214 $359K No change
BCE Bce Inc. 0.18% 10,550 $358K Reduce -11.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 2,541 $311K No change
PANW Palo Alto Networks Inc. 0.15% 1,000 $284K No change
REGN Regeneron Pharmaceuticals 0.13% 269 $259K No change
BRK.B Berkshire Hathaway Inc. Class B 0.13% 605 $254K No change
CSCO Cisco Systems Inc. 0.12% 4,759 $238K No change
ABT Abbott Laboratories 0.12% 2,014 $229K No change
KLAC KLA Corp. 0.11% 300 $210K New
CBU Community Financial System I 0.11% 4,309 $207K No change
ADBE Adobe Inc. 0.10% 400 $202K No change
XOM Exxon Mobil Corp. 0.10% 1,630 $189K No change
GOOGL Alphabet Inc. Class A 0.08% 1,040 $157K No change
LOW Lowe's Cos Inc. 0.08% 600 $153K No change
WGO Winnebago Industries 0.08% 2,000 $148K No change
AVGO Broadcom Inc. 0.07% 105 $139K No change
MBLY Mobileye Global Inc. Class A 0.07% 4,300 $138K Add +53.6%
MDLZ Mondelez International Inc. Class A 0.07% 1,955 $137K No change
NFLX Netflix Inc. 0.06% 190 $115K No change
KO The Coca-Cola Co. 0.06% 1,800 $110K No change
COP Conocophillips 0.06% 864 $110K No change
PSX Phillips 66 0.04% 532 $87K New
AMD Advanced Micro Devices 0.04% 470 $85K Reduce -5.0%
ACN Accenture PLC Class A 0.04% 230 $80K No change
PFE Pfizer Inc. 0.04% 2,759 $77K No change
GIS General Mills Inc. 0.03% 806 $56K No change
LLY Eli Lilly & Co. 0.02% 56 $44K Add +24.4%
WMT Walmart Inc. 0.02% 660 $40K New
DUK Duke Energy Corp. 0.02% 343 $33K No change
CVX Chevron Corp. 0.02% 197 $31K No change
NUE Nucor Corp. 0.01% 100 $20K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 100 $19K New
UNP Union Pacific Corp. 0.01% 75 $18K No change
ROP Roper Technologies Inc. 0.01% 25 $14K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.00% 125 $6K No change
VCSY Vertical Computer Systems 0.00% 20,000 $0 No change

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -1.0% 7.16% −1.39
SYF Synchrony Financial Sold out 0.00% −1.14
PRU Prudential Financial Inc. Sold out 0.00% −0.66
ROK Rockwell Automation Inc. Reduce -0.8% 2.72% −0.36
MRNA Moderna Inc. Reduce -26.9% 0.58% −0.20
DE Deere & Co. Reduce -5.7% 1.77% −0.15
AMGN Amgen Inc. Reduce -0.7% 1.37% −0.10
FCX Freeport-McMoran Inc. Sold out 0.00% −0.09
TEL Te Connectivity Ltd. Reduce -0.8% 2.88% −0.08
BCE Bce Inc. Reduce -11.7% 0.18% −0.07
CMCSA Comcast Corp. Class A Sold out 0.00% −0.02
ADVM Adverum Biotechnologies Inc. Sold out 0.00% −0.01
AMD Advanced Micro Devices Reduce -5.0% 0.04% +0.00
VLTO Veralto Corp. Reduce -0.2% 0.34% +0.01
V Visa Inc. Class A Reduce -0.3% 1.30% +0.02
WFC Wells Fargo & Co. Reduce -5.8% 0.49% +0.02
GEHC GE Healthcare Technology Reduce -4.6% 0.53% +0.03
STZ Constellation Brands Inc. Class A Reduce -0.5% 0.76% +0.05
DHR Danaher Corp. Reduce -0.2% 2.88% +0.07
QCOM Qualcomm Inc. Reduce -2.1% 0.98% +0.08
GS Goldman Sachs Group Inc. Reduce -0.2% 3.82% +0.10
GOOG Alphabet Inc. Class C Reduce -0.5% 4.97% +0.11
NVDA Nvidia Corp. Reduce -15.9% 0.42% +0.13
META Meta Platforms Inc. Class A Reduce -2.1% 0.65% +0.14
EMR Emerson Electric Co. Reduce -0.9% 2.58% +0.23
ABBV Abbvie Inc. Reduce -0.6% 2.48% +0.25
LDOS Leidos Holdings Inc. Reduce -5.8% 3.22% +0.25
ETN Eaton Corp. PLC Reduce -0.5% 1.94% +0.36

Portfolio Buys Q4 2023 → Q1 2024
BWA Borgwarner Inc. New 1.27% +1.27
LSXMA Liberty Media Corp. Class A New New 0.67% +0.67
APA Apa Corp. New 0.44% +0.44
ICE Intercontinental Exchange Inc. Add +72.4% 0.43% +0.19
BALL Ball Corp. Add +0.2% 1.75% +0.18
CI The Cigna Group Add +0.0% 1.13% +0.15
AMZN Amazon.com Inc. Add +0.2% 0.99% +0.11
MRK Merck & Co. Inc. Add +0.9% 0.81% +0.11
KLAC KLA Corp. New 0.11% +0.11
MSFT Microsoft Corp. Add +0.1% 1.51% +0.09
KVUE Kenvue Inc. Add +20.3% 0.43% +0.05
LYB Lyondellbasell Indu Class A Add +0.2% 2.09% +0.05
JPM JPMorgan Chase & Co. Add +17.6% 0.19% +0.04
PSX Phillips 66 New 0.04% +0.04
EXAS Exact Sciences Corp. Add +32.9% 0.26% +0.04
FTV Fortive Corp. Add +1.9% 0.31% +0.04
JKHY Jack Henry & Associates Inc. Add +0.3% 1.83% +0.02
WMT Walmart Inc. New 0.02% +0.02
BMY Bristol-Myers Squibb Co. Add +0.8% 1.64% +0.02
MDT Medtronic PLC Add +1.6% 0.59% +0.01
IBM Intl Business Machines Corp. New 0.01% +0.01
LLY Eli Lilly & Co. Add +24.4% 0.02% +0.01
CM Can Imperial BK of Commerce Add +0.2% 2.37% +0.01
MBLY Mobileye Global Inc. Class A Add +53.6% 0.07% +0.01
ZTS Zoetis Inc. Add +23.4% 0.48% +0.00
HSY The Hershey Co. Add +0.0% 0.56% −0.01
SWK Stanley Black & Decker Inc. Add +0.0% 0.19% −0.01
BN Brookfield Corp. Add +0.1% 2.84% −0.02
CARR Carrier Global Corp. Add +0.0% 0.57% −0.02
CVS CVS Health Corp. Add +0.9% 1.16% −0.04
MS Morgan Stanley Add +0.0% 1.32% −0.06
VGR Vector Group Ltd. Add +0.4% 1.25% −0.10
DENN Denny's Corp. Add +0.8% 0.43% −0.11
KHC The Kraft Heinz Co. Add +1.0% 2.98% −0.13
INTC Intel Corp. Add +0.2% 2.26% −0.44
BA The Boeing Co. Add +7.0% 3.38% −1.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 94$215.1MAAPL, GOOG, GS, CM, INTC
Q1 2026 92$191.0MAAPL, GOOG, GS, CM, TEL
Q4 2025 95$202.4MAAPL, GOOG, GS, TEL, BN
Q3 2025 93$201.8MAAPL, GOOG, GS, TEL, BN
Q2 2025 90$185.0MAAPL, GS, GOOG, BN, TEL
Q1 2025 89$178.7MAAPL, GOOG, GS, BN, SNA
Q4 2024 94$188.5MAAPL, GOOG, GS, OKE, BN
Q3 2024 102$198.0MAAPL, GOOG, GS, OKE, BN
Q2 2024 98$185.9MAAPL, GOOG, GS, OKE, BA
Q1 2024 106$194.0MAAPL, GOOG, GS, BA, OKE