Loudon Investment Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Loudon Investment Management, LLC reported 95 stock positions worth $203.7 million. Its top holding was SS Technology Select Sector (XLK) at 6.2% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Cisco Systems (CSCO, 4.0%). Compared with Q1 2026, it opened 3 new positions, sold out of 3, added to 27 and reduced 38. The biggest buy was SS Technology Select Sector (XLK, shares +6%) and the biggest sale Genpact (G, shares −5%).

Most Recent 13F
Q2 2026
Location
MERIDEN, NH
CIK
0001597089
Portfolio Value
$203.7M (Q2 2026)
SEC Filing
0001597089-26-000008 ↗ filed Aug 14, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $174.1M Q1 2024 Q2 2024: $170.0M Q2 2024 Q3 2024: $182.5M Q3 2024 Q4 2024: $175.9M Q4 2024 Q1 2025: $175.1M Q1 2025 Q2 2025: $180.8M Q2 2025 Q3 2025: $190.9M Q3 2025 Q4 2025: $191.4M Q4 2025 Q1 2026: $185.8M Q1 2026 Q2 2026: $203.7M $203.7M Q2 2026

Holdings 95 stocks · $203.7M
XLK SS Technology Select Sector 6.22% 66,455 $12.7M Add +6.4%
MSFT Microsoft Corp. 5.39% 29,416 $11.0M Add +7.0%
CSCO Cisco Systems Inc. 4.01% 69,470 $8.2M Reduce -3.2%
EPD Enterprise Products Partners 3.93% 217,907 $8.0M No change
FAST Fastenal Co. 3.71% 157,269 $7.6M Reduce -0.4%
CAT Caterpillar Inc. 3.68% 7,033 $7.5M Reduce -5.5%
SPY SS SPDR S&P 500 ETF Trust-US 3.32% 9,042 $6.8M Reduce -2.6%
TFC Truist Financial Corp. 2.86% 116,962 $5.8M Reduce -1.8%
QCOM Qualcomm Inc. 2.74% 30,226 $5.6M Reduce -4.1%
TSM Taiwan Semiconductor-SP ADR 2.68% 11,414 $5.5M Reduce -7.2%
O Realty Income Corp. 2.67% 87,655 $5.4M Add +4.5%
ABBV Abbvie Inc. 2.46% 19,952 $5.0M Reduce -1.4%
TMUS T-Mobile US Inc. 2.40% 29,198 $4.9M Add +28.3%
AAPL Apple Inc. 2.31% 16,291 $4.7M Reduce -1.4%
LOW Lowe's Cos Inc. 2.31% 21,372 $4.7M No change
LNC Lincoln National Corp. 2.19% 126,004 $4.5M Reduce -7.0%
JPM JPMorgan Chase & Co. 2.09% 13,005 $4.3M Reduce -0.4%
CMI Cummins Inc. 2.01% 5,746 $4.1M Reduce -19.9%
NEE Nextera Energy Inc. 1.91% 44,370 $3.9M Add +0.6%
NVDA Nvidia Corp. 1.87% 19,082 $3.8M Add +308.9%
G Genpact Ltd. 1.86% 137,935 $3.8M Reduce -5.0%
ITW Illinois Tool Works 1.82% 13,680 $3.7M No change
USB US Bancorp 1.75% 58,930 $3.6M Add +0.1%
EMR Emerson Electric Co. 1.42% 20,180 $2.9M No change
ADP Automatic Data Processing 1.35% 12,318 $2.8M Add +29.1%
DLR Digital Realty Trust Inc. 1.35% 15,305 $2.7M No change
DE Deere & Co. 1.26% 4,031 $2.6M No change
ABT Abbott Laboratories 1.02% 22,962 $2.1M Reduce -6.3%
AMP Ameriprise Financial Inc. 1.01% 4,465 $2.0M Reduce -3.6%
ACN Accenture PLC Class A 1.00% 16,386 $2.0M Add +73.2%
AMT American Tower Corp. 0.96% 11,923 $2.0M Reduce -22.2%
FLOT iShares Floating Rate Bond E 0.90% 35,857 $1.8M Add +28.4%
NVO Novo-Nordisk A/S-Spons ADR 0.83% 35,308 $1.7M Reduce -21.1%
MRK Merck & Co. Inc. 0.81% 12,803 $1.6M No change
ENB Enbridge Inc. 0.80% 30,221 $1.6M Add +0.9%
GBCI Glacier Bancorp Inc. 0.80% 31,439 $1.6M No change
PNR Pentair PLC 0.79% 21,117 $1.6M Add +3.9%
DPZ Domino's Pizza Inc. 0.78% 5,347 $1.6M Reduce -24.4%
PLD Prologis Inc. 0.76% 11,405 $1.5M No change
AMGN Amgen Inc. 0.75% 4,237 $1.5M Reduce -16.7%
PAYX Paychex Inc. 0.74% 15,301 $1.5M Add +47.4%
JNJ Johnson & Johnson 0.69% 5,556 $1.4M Reduce -2.5%
VCSH Vanguard S/T Corp. Bond ETF 0.62% 16,059 $1.3M Add +10.9%
BNY Bank of New York Mellon Corp. 0.59% 8,337 $1.2M Reduce -9.2%
VTI VG Morningstar TS MKT ETF-US 0.58% 3,208 $1.2M Reduce -1.4%
IJR iShares Core S&P Small-Cap E 0.58% 7,967 $1.2M Add +9.3%
LMT Lockheed Martin Corp. 0.57% 2,289 $1.2M No change
SWK Stanley Black & Decker Inc. 0.57% 12,240 $1.2M Reduce -20.8%
VLO Valero Energy Corp. 0.54% 4,219 $1.1M No change
RSP Invesco S&P 500 Equal Weight 0.52% 4,974 $1.1M Add +11.7%
GD General Dynamics Corp. 0.51% 2,935 $1.0M No change
BSV Vanguard Short-Term Bond ETF 0.47% 12,271 $956K Add +13.6%
AFL Aflac Inc. 0.46% 7,976 $935K Reduce -9.4%
XLC SS Comm Select Sector SPDR 0.45% 8,625 $924K Add +0.2%
UGI Ugi Corp. 0.44% 26,145 $903K Reduce -10.7%
PEP Pepsico Inc. 0.41% 6,185 $837K No change
MO Altria Group Inc. 0.40% 11,318 $814K Reduce -1.9%
PSA Public Storage 0.38% 2,400 $764K No change
VNQ Vanguard Real Estate ETF 0.35% 7,345 $708K No change
XLE SS Energy Select Sector 0.34% 13,215 $702K Reduce -8.0%
RTX RTX Corp. 0.34% 3,641 $691K No change
QQQ Invesco QQQ Trust Series 1 0.32% 884 $651K Add +4.4%
ACWX iShares MSCI Acwi Ex US ETF 0.31% 8,257 $628K Add +4.2%
MRSH Marsh & McLennan Cos 0.29% 3,600 $600K No change
WTRG Essential Utilities Inc. 0.29% 15,463 $592K No change
XOM Exxon Mobil Corp. 0.29% 4,248 $581K Reduce -2.2%
SYY Sysco Corp. 0.28% 6,945 $580K Reduce -6.7%
HTO H2O America 0.28% 9,230 $561K Add +48.1%
ADM Archer-Daniels-Midland Co. 0.26% 6,925 $529K No change
GOOG Alphabet Inc. Class C 0.26% 1,495 $528K Add +4.9%
AMZN Amazon.com Inc. 0.26% 2,214 $528K Add +97.2%
BLK BlackRock Inc. 0.25% 536 $515K Add +13.8%
CRWD CrowdStrike Holdings Inc. Class A 0.25% 675 $515K No change
BIV Vanguard Intermediate-Term B 0.24% 6,378 $489K Add +4.0%
GS Goldman Sachs Group Inc. 0.23% 454 $459K Reduce -6.2%
BIL SS SPDR BB 1-3M T-Bill ETF 0.21% 4,596 $421K Reduce -5.9%
SCHD Schwab US DVD Equity ETF 0.21% 13,211 $419K Add +0.4%
ECL Ecolab Inc. 0.20% 1,476 $411K No change
WEC WEC Energy Group Inc. 0.19% 3,350 $391K Reduce -35.3%
XLI SS Industrial Select Sector 0.18% 1,950 $361K New
XLB SS Materials Select Sector 0.16% 6,580 $334K Reduce -52.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.15% 1,118 $314K Reduce -18.9%
FDX FedEx Corp. 0.15% 1,000 $313K No change
TSLA Tesla Inc. 0.14% 665 $280K No change
NOBL Proshares S&P 500 Dividend A 0.13% 4,860 $273K Reduce -10.7%
PSX Phillips 66 0.13% 1,527 $258K No change
EXR Extra Space Storage Inc. 0.13% 1,765 $256K Reduce -20.3%
VEA Vanguard Ftse Developed ETF 0.12% 3,457 $246K No change
FRT Federal Realty Invs Trust 0.12% 1,990 $246K Reduce -10.2%
VRTX Vertex Pharmaceuticals Inc. 0.12% 485 $241K No change
COP Conocophillips 0.11% 2,180 $227K No change
CVX Chevron Corp. 0.11% 1,330 $220K Add +17.7%
IWM iShares Russell 2000 ETF 0.11% 724 $218K New
IWR iShares Russell Mid-Cap ETF 0.10% 1,852 $204K New
TU Telus Corp. 0.09% 17,800 $188K Reduce -22.9%

Portfolio Sells Q1 2026 → Q2 2026
G Genpact Ltd. Reduce -5.0% 1.86% −1.05
DPZ Domino's Pizza Inc. Reduce -24.4% 0.78% −0.59
AMT American Tower Corp. Reduce -22.2% 0.96% −0.47
LNC Lincoln National Corp. Reduce -7.0% 2.19% −0.40
XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.37
ABT Abbott Laboratories Reduce -6.3% 1.02% −0.33
MDT Medtronic PLC Sold out 0.00% −0.26
FAST Fastenal Co. Reduce -0.4% 3.71% −0.24
AMGN Amgen Inc. Reduce -16.7% 0.75% −0.21
XLB SS Materials Select Sector Reduce -52.7% 0.16% −0.21
UGI Ugi Corp. Reduce -10.7% 0.44% −0.13
WEC WEC Energy Group Inc. Reduce -35.3% 0.19% −0.13
XLE SS Energy Select Sector Reduce -8.0% 0.34% −0.13
XOM Exxon Mobil Corp. Reduce -2.2% 0.29% −0.11
SHOP Shopify Inc. Class A Sold out 0.00% −0.11
AMP Ameriprise Financial Inc. Reduce -3.6% 1.01% −0.10
TFC Truist Financial Corp. Reduce -1.8% 2.86% −0.09
TU Telus Corp. Reduce -22.9% 0.09% −0.07
CMI Cummins Inc. Reduce -19.9% 2.01% −0.07
AFL Aflac Inc. Reduce -9.4% 0.46% −0.06
JNJ Johnson & Johnson Reduce -2.5% 0.69% −0.06
NVO Novo-Nordisk A/S-Spons ADR Reduce -21.1% 0.83% −0.05
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -5.9% 0.21% −0.03
EXR Extra Space Storage Inc. Reduce -20.3% 0.13% −0.03
IBM Intl Business Machines Corp. Reduce -18.9% 0.15% −0.03
SWK Stanley Black & Decker Inc. Reduce -20.8% 0.57% −0.03
NOBL Proshares S&P 500 Dividend A Reduce -10.7% 0.13% −0.02
MO Altria Group Inc. Reduce -1.9% 0.40% −0.01
FRT Federal Realty Invs Trust Reduce -10.2% 0.12% −0.01
SYY Sysco Corp. Reduce -6.7% 0.28% −0.00
GS Goldman Sachs Group Inc. Reduce -6.2% 0.23% +0.01
BNY Bank of New York Mellon Corp. Reduce -9.2% 0.59% +0.01
VTI VG Morningstar TS MKT ETF-US Reduce -1.4% 0.58% +0.02
JPM JPMorgan Chase & Co. Reduce -0.4% 2.09% +0.02
AAPL Apple Inc. Reduce -1.4% 2.31% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.6% 3.32% +0.07
ABBV Abbvie Inc. Reduce -1.4% 2.46% +0.10
TSM Taiwan Semiconductor-SP ADR Reduce -7.2% 2.68% +0.44
QCOM Qualcomm Inc. Reduce -4.1% 2.74% +0.56
CAT Caterpillar Inc. Reduce -5.5% 3.68% +0.84
CSCO Cisco Systems Inc. Reduce -3.2% 4.01% +1.01

Portfolio Buys Q1 2026 → Q2 2026
XLK SS Technology Select Sector Add +6.4% 6.22% +1.75
NVDA Nvidia Corp. Add +308.9% 1.87% +1.44
ADP Automatic Data Processing Add +29.1% 1.35% +0.31
PAYX Paychex Inc. Add +47.4% 0.74% +0.22
XLI SS Industrial Select Sector New 0.18% +0.18
AMZN Amazon.com Inc. Add +97.2% 0.26% +0.13
FLOT iShares Floating Rate Bond E Add +28.4% 0.90% +0.13
IWM iShares Russell 2000 ETF New 0.11% +0.11
IWR iShares Russell Mid-Cap ETF New 0.10% +0.10
USB US Bancorp Add +0.1% 1.75% +0.10
IJR iShares Core S&P Small-Cap E Add +9.3% 0.58% +0.09
HTO H2O America Add +48.1% 0.28% +0.08
RSP Invesco S&P 500 Equal Weight Add +11.7% 0.52% +0.06
QQQ Invesco QQQ Trust Series 1 Add +4.4% 0.32% +0.06
GOOG Alphabet Inc. Class C Add +4.9% 0.26% +0.04
ACWX iShares MSCI Acwi Ex US ETF Add +4.2% 0.31% +0.02
BSV Vanguard Short-Term Bond ETF Add +13.6% 0.47% +0.01
BLK BlackRock Inc. Add +13.8% 0.25% +0.01
VCSH Vanguard S/T Corp. Bond ETF Add +10.9% 0.62% +0.01
ACN Accenture PLC Class A Add +73.2% 1.00% −0.01
SCHD Schwab US DVD Equity ETF Add +0.4% 0.21% −0.01
BIV Vanguard Intermediate-Term B Add +4.0% 0.24% −0.01
CVX Chevron Corp. Add +17.7% 0.11% −0.02
XLC SS Comm Select Sector SPDR Add +0.2% 0.45% −0.06
ENB Enbridge Inc. Add +0.9% 0.80% −0.07
MSFT Microsoft Corp. Add +7.0% 5.39% −0.09
O Realty Income Corp. Add +4.5% 2.67% −0.09
PNR Pentair PLC Add +3.9% 0.79% −0.16
TMUS T-Mobile US Inc. Add +28.3% 2.40% −0.17
NEE Nextera Energy Inc. Add +0.6% 1.91% −0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 95$203.7MXLK, MSFT, CSCO, EPD, FAST
Q1 2026 95$185.8MMSFT, XLK, EPD, FAST, SPY
Q4 2025 93$191.4MMSFT, XLK, EPD, G, SPY
Q3 2025 94$190.9MMSFT, XLK, FAST, EPD, SPY
Q2 2025 99$180.8MMSFT, XLK, EPD, FAST, G
Q1 2025 96$175.1MMSFT, EPD, G, XLK, FAST
Q4 2024 96$175.9MMSFT, XLK, EPD, QCOM, G
Q3 2024 97$182.5MMSFT, XLK, QCOM, EPD, LOW
Q2 2024 98$170.0MMSFT, QCOM, XLK, EPD, FAST
Q1 2024 96$174.1MMSFT, QCOM, XLK, FAST, EPD