Lipe & Dalton

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), Lipe & Dalton reported 92 stock positions worth $191.0 million. Its top holding was Apple (AAPL) at 8.7% of the portfolio, followed by Alphabet Class C (GOOG, 7.6%) and Goldman Sachs (GS, 6.4%). Compared with Q4 2025, it opened 3 new positions, sold out of 6, added to 12 and reduced 42. The biggest buy was Amazon.com (AMZN, shares +132%) and the biggest sale an exit from Mosaic (MOS).

Most Recent 13F
Q2 2026
Location
SYRACUSE, NY
CIK
0001570396
Portfolio Value
$191.0M (Q1 2026)
SEC Filing
0001570396-26-000005 ↗ filed Apr 30, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $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 $191.0M Q1 2026 Q2 2026: $215.1M Q2 2026

Holdings 92 stocks · $191.0M
AAPL Apple Inc. 8.71% 65,579 $16.6M Reduce -2.0%
GOOG Alphabet Inc. Class C 7.61% 50,692 $14.5M Reduce -3.1%
GS Goldman Sachs Group Inc. 6.35% 14,340 $12.1M Reduce -4.6%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 3.76% 75,740 $7.2M Reduce -6.1%
TEL Te Connectivity PLC 3.65% 33,398 $7.0M Reduce -4.3%
BN Brookfield Corp. 3.57% 168,636 $6.8M Reduce -0.2%
SNA Snap-on Inc. 2.92% 15,340 $5.6M Reduce -4.6%
HSY The Hershey Co. 2.90% 26,656 $5.5M Reduce -14.1%
BA The Boeing Co. 2.88% 27,616 $5.5M Reduce -2.3%
RTX RTX Corp. 2.65% 26,202 $5.1M Reduce -1.9%
AMZN Amazon.com Inc. 2.29% 21,008 $4.4M Add +131.8%
TMO Thermo Fisher Scientific Inc. 2.25% 8,740 $4.3M Reduce -4.0%
EMR Emerson Electric Co. 2.20% 32,075 $4.2M Reduce -0.3%
DE Deere & Co. 2.14% 7,263 $4.1M Reduce -1.4%
YUM Yum! Brands Inc. 2.13% 26,207 $4.1M Reduce -5.1%
ABBV Abbvie Inc. 2.12% 18,615 $4.0M Reduce -3.1%
INTC Intel Corp. 2.11% 91,333 $4.0M No change
DHR Danaher Corp. 2.03% 20,458 $3.9M Reduce -5.5%
BWA Borgwarner Inc. 1.98% 69,550 $3.8M Reduce -7.1%
LYB Lyondellbasell Indu Class A 1.79% 42,520 $3.4M Add +40.6%
MS Morgan Stanley 1.77% 20,525 $3.4M Reduce -1.9%
OKE Oneok Inc. 1.76% 37,102 $3.4M Add +1.8%
ETN Eaton Corp. PLC 1.73% 9,230 $3.3M Reduce -1.5%
TRP TC Energy Corp. 1.68% 51,172 $3.2M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 1.58% 19,130 $3.0M Reduce -6.0%
MAS Masco Corp. 1.58% 50,025 $3.0M Reduce -1.6%
AMGN Amgen Inc. 1.40% 7,592 $2.7M Reduce -9.5%
BAX Baxter International Inc. 1.38% 156,656 $2.6M Add +29.0%
LMT Lockheed Martin Corp. 1.38% 4,350 $2.6M No change
MLM Martin Marietta Materials 1.22% 3,963 $2.3M No change
MSFT Microsoft Corp. 1.08% 5,583 $2.1M Reduce -2.4%
JNJ Johnson & Johnson 1.07% 8,341 $2.0M Reduce -6.7%
V Visa Inc. Class A 1.06% 6,712 $2.0M Reduce -1.4%
BAM Brookfield Asset Mgmt-A 1.04% 44,804 $2.0M Add +0.5%
VRTX Vertex Pharmaceuticals Inc. 0.93% 3,996 $1.8M No change
CVS CVS Health Corp. 0.92% 24,365 $1.8M Reduce -8.6%
META Meta Platforms Inc. Class A 0.79% 2,629 $1.5M No change
FFIV F5 Inc. 0.73% 4,850 $1.4M Add +37.4%
J Jacobs Solutions Inc. 0.68% 10,279 $1.3M Reduce -2.1%
CI The Cigna Group 0.66% 4,710 $1.3M Add +0.0%
MRK Merck & Co. Inc. 0.63% 10,028 $1.2M Add +0.1%
WFC Wells Fargo & Co. 0.62% 14,838 $1.2M No change
ORCL Oracle Corp. 0.57% 7,421 $1.1M No change
VZ Verizon Communications Inc. 0.44% 16,683 $837K Reduce -0.6%
CARR Carrier Global Corp. 0.42% 14,295 $805K Add +0.0%
MDT Medtronic PLC 0.42% 9,250 $802K Reduce -13.9%
KR Kroger Co. 0.38% 10,000 $724K No change
NVDA Nvidia Corp. 0.36% 3,951 $689K No change
GEHC GE Healthcare Technology 0.35% 9,530 $678K Add +0.0%
VLTO Veralto Corp. 0.30% 6,511 $576K Reduce -5.8%
BKNG Booking Holdings Inc. 0.30% 135 $568K New
ZTS Zoetis Inc. 0.29% 4,698 $555K Add +2.2%
UHAL.B U-Haul Holding Co.-Non Voting 0.29% 12,190 $545K Reduce -16.9%
MCD McDonald's Corp. 0.28% 1,743 $542K No change
JPM JPMorgan Chase & Co. 0.24% 1,585 $466K No change
IDXX Idexx Laboratories Inc. 0.23% 790 $444K No change
KLAC KLA Corp. 0.23% 300 $442K No change
WHR Whirlpool Corp. 0.22% 7,880 $425K Reduce -21.9%
ACN Accenture PLC Class A 0.22% 2,077 $412K Reduce -65.4%
PEP Pepsico Inc. 0.18% 2,245 $349K No change
FTV Fortive Corp. 0.18% 6,096 $337K Reduce -2.1%
XOM Exxon Mobil Corp. 0.18% 1,983 $336K No change
CSCO Cisco Systems Inc. 0.17% 4,259 $330K Reduce -5.0%
PANW Palo Alto Networks Inc. 0.16% 1,950 $313K Reduce -2.5%
AMTM Amentum Holdings Inc. 0.15% 10,916 $285K No change
APA Apa Corp. 0.14% 6,300 $267K Reduce -77.1%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 550 $264K No change
COF Capital One Financial Corp. 0.14% 1,430 $261K No change
PG The Procter & Gamble Co. 0.13% 1,750 $253K No change
SOBO South Bow Corp. 0.13% 10,074 $241K No change
HD Home Depot Inc. 0.12% 720 $237K Reduce -12.2%
REGN Regeneron Pharmaceuticals 0.12% 289 $223K Reduce -6.5%
MA Mastercard Inc. Class A 0.10% 366 $183K No change
ABT Abbott Laboratories 0.08% 1,420 $146K Add +39.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 1,480 $143K No change
PFE Pfizer Inc. 0.07% 4,954 $139K No change
NFLX Netflix Inc. 0.07% 1,400 $135K Reduce -2.1%
KO The Coca-Cola Co. 0.06% 1,500 $114K Reduce -6.3%
AVGO Broadcom Inc. 0.05% 304 $94K No change
GE General Electric filed as GE AEROSPACE 0.05% 332 $94K No change
AMD Advanced Micro Devices 0.04% 380 $77K No change
GOOGL Alphabet Inc. Class A 0.04% 257 $74K No change
MO Altria Group Inc. 0.04% 1,125 $74K New
MDLZ Mondelez International Inc. Class A 0.03% 971 $56K No change
BMY Bristol-Myers Squibb Co. 0.03% 800 $49K No change
DUK Duke Energy Corp. 0.02% 243 $32K No change
WMT Walmart Inc. 0.01% 224 $28K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 100 $24K No change
UNP Union Pacific Corp. 0.01% 100 $24K Reduce -10.7%
CAT Caterpillar Inc. 0.01% 19 $13K New
LLY Eli Lilly & Co. 0.01% 13 $12K No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA B C 0.00% 125 $9K No change

Portfolio Sells Q4 2025 → Q1 2026
MOS The Mosaic Co. Sold out 0.00% −1.37
QCOM Qualcomm Inc. Sold out 0.00% −0.79
ACN Accenture PLC Class A Reduce -65.4% 0.22% −0.58
GOOG Alphabet Inc. Class C Reduce -3.1% 7.61% −0.50
DHR Danaher Corp. Reduce -5.5% 2.03% −0.42
TMO Thermo Fisher Scientific Inc. Reduce -4.0% 2.25% −0.36
MSFT Microsoft Corp. Reduce -2.4% 1.08% −0.28
AAPL Apple Inc. Reduce -2.0% 8.71% −0.27
TEL Te Connectivity PLC Reduce -4.3% 3.65% −0.27
BN Brookfield Corp. Reduce -0.2% 3.57% −0.26
JKHY Jack Henry & Associates Inc. Reduce -6.0% 1.58% −0.25
APA Apa Corp. Reduce -77.1% 0.14% −0.19
SIRI Sirius XM Holdings Inc. Sold out 0.00% −0.19
GS Goldman Sachs Group Inc. Reduce -4.6% 6.35% −0.18
BA The Boeing Co. Reduce -2.3% 2.88% −0.15
WHR Whirlpool Corp. Reduce -21.9% 0.22% −0.14
CVS CVS Health Corp. Reduce -8.6% 0.92% −0.13
V Visa Inc. Class A Reduce -1.4% 1.06% −0.12
MDT Medtronic PLC Reduce -13.9% 0.42% −0.09
BX Blackstone Inc. Sold out 0.00% −0.08
MS Morgan Stanley Reduce -1.9% 1.77% −0.07
UHAL.B U-Haul Holding Co.-Non Voting Reduce -16.9% 0.29% −0.05
ABBV Abbvie Inc. Reduce -3.1% 2.12% −0.05
VLTO Veralto Corp. Reduce -5.8% 0.30% −0.04
CBU Community Financial System I Sold out 0.00% −0.03
PANW Palo Alto Networks Inc. Reduce -2.5% 0.16% −0.02
MU Micron Technology Inc. Sold out 0.00% −0.02
HD Home Depot Inc. Reduce -12.2% 0.12% −0.02
MAS Masco Corp. Reduce -1.6% 1.58% −0.01
J Jacobs Solutions Inc. Reduce -2.1% 0.68% −0.00
REGN Regeneron Pharmaceuticals Reduce -6.5% 0.12% −0.00
UNP Union Pacific Corp. Reduce -10.7% 0.01% −0.00
CSCO Cisco Systems Inc. Reduce -5.0% 0.17% +0.00
KO The Coca-Cola Co. Reduce -6.3% 0.06% +0.00
NFLX Netflix Inc. Reduce -2.1% 0.07% +0.00
FTV Fortive Corp. Reduce -2.1% 0.18% +0.01
AMGN Amgen Inc. Reduce -9.5% 1.40% +0.04
YUM Yum! Brands Inc. Reduce -5.1% 2.13% +0.07
EMR Emerson Electric Co. Reduce -0.3% 2.20% +0.09
VZ Verizon Communications Inc. Reduce -0.6% 0.44% +0.10
HSY The Hershey Co. Reduce -14.1% 2.90% +0.11
CM Can Imperial BK of Commerce Reduce -6.1% 3.76% +0.15
JNJ Johnson & Johnson Reduce -6.7% 1.07% +0.15
SNA Snap-on Inc. Reduce -4.6% 2.92% +0.18
RTX RTX Corp. Reduce -1.9% 2.65% +0.23
ETN Eaton Corp. PLC Reduce -1.5% 1.73% +0.25
BWA Borgwarner Inc. Reduce -7.1% 1.98% +0.31
DE Deere & Co. Reduce -1.4% 2.14% +0.45

Portfolio Buys Q4 2025 → Q1 2026
AMZN Amazon.com Inc. Add +131.8% 2.29% +1.26
LYB Lyondellbasell Indu Class A Add +40.6% 1.79% +1.15
OKE Oneok Inc. Add +1.8% 1.76% +0.43
BKNG Booking Holdings Inc. New 0.30% +0.30
FFIV F5 Inc. Add +37.4% 0.73% +0.29
BAX Baxter International Inc. Add +29.0% 1.38% +0.23
MRK Merck & Co. Inc. Add +0.1% 0.63% +0.11
CARR Carrier Global Corp. Add +0.0% 0.42% +0.05
MO Altria Group Inc. New 0.04% +0.04
CI The Cigna Group Add +0.0% 0.66% +0.02
ABT Abbott Laboratories Add +39.2% 0.08% +0.01
CAT Caterpillar Inc. New 0.01% +0.01
ZTS Zoetis Inc. Add +2.2% 0.29% +0.01
GEHC GE Healthcare Technology Add +0.0% 0.35% −0.03
BAM Brookfield Asset Mgmt-A Add +0.5% 1.04% −0.11

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