Montag A & Associates Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Montag A & Associates Inc. reported 959 stock positions worth $2.0 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 4.7% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.7%) and Microsoft (MSFT, 3.2%). Compared with Q4 2023, it opened 110 new positions, sold out of 48, added to 191 and reduced 235. The biggest buy was Micron Technology (MU, shares +548%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0000829407
Portfolio Value
$2.0B (Q1 2024)
SEC Filing
0000829407-24-000004 ↗ filed May 7, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.0B $2.0B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $2.1B Q3 2024 Q4 2024: $2.1B Q4 2024 Q1 2025: $2.0B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.2B Q4 2025 Q1 2026: $2.1B Q1 2026 Q2 2026: $2.4B Q2 2026

Holdings 959 stocks · $2.0B
SPY SS SPDR S&P 500 ETF Trust-US 4.73% 180,056 $94.5M Add +0.8%
IVV iShares Core S&P 500 ETF 4.66% 177,012 $93.1M Add +1.8%
MSFT Microsoft Corp. 3.18% 150,865 $63.5M Add +1.0%
MDY State Street SPDR S&P Midcap 3.08% 110,359 $61.5M Add +0.2%
AAPL Apple Inc. 2.62% 305,391 $52.4M Reduce -2.3%
GOOG Alphabet Inc. Class C 2.06% 269,938 $41.1M Add +0.1%
AMZN Amazon.com Inc. 1.73% 191,369 $34.5M Add +9.2%
JPST JPMorgan Ultra-Short Income 1.56% 616,488 $31.1M Reduce -12.1%
KO The Coca-Cola Co. 1.55% 502,566 $31.0M Reduce -4.0%
RSP Invesco S&P 500 Equal Weight 1.55% 182,168 $30.9M Add +0.4%
IWB iShares Russell 1000 ETF 1.50% 104,130 $30.0M Reduce -0.5%
HD Home Depot Inc. 1.48% 77,221 $29.6M Reduce 0.0%
VB Vanguard Most SM-Cap ETF-Usd 1.27% 110,559 $25.3M Add +0.8%
IJR iShares Core S&P Small-Cap E 1.24% 223,683 $24.7M Add +6.0%
MRK Merck & Co. Inc. 1.14% 171,959 $22.8M Add +1.5%
FISV Fiserv Inc. 1.11% 138,638 $22.2M Reduce -0.5%
V Visa Inc. Class A 1.10% 78,422 $21.9M Add +0.3%
LLY Eli Lilly & Co. 1.08% 27,766 $21.6M Reduce -4.3%
TDW Tidewater Inc. 1.07% 233,150 $21.4M Reduce -4.2%
VIG Vanguard Dividend Apprec ETF 1.03% 112,308 $20.5M Add +0.4%
GOOGL Alphabet Inc. Class A 0.99% 130,483 $19.7M Reduce -0.8%
ADBE Adobe Inc. 0.98% 38,844 $19.6M Add +4.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.93% 489,796 $18.6M Reduce -0.9%
VCSH Vanguard S/T Corp. Bond ETF 0.93% 239,903 $18.5M Reduce -11.9%
JNJ Johnson & Johnson 0.87% 109,369 $17.3M Reduce -4.6%
JPM JPMorgan Chase & Co. 0.87% 86,191 $17.3M Reduce -0.8%
VGSH Vanguard Short-Term Treasury 0.82% 280,887 $16.3M Reduce -8.0%
WMT Walmart Inc. 0.78% 257,853 $15.6M Add +0.8%
PEP Pepsico Inc. 0.77% 87,678 $15.5M Reduce -4.0%
IWF iShares Russell 1000 Growth 0.77% 45,705 $15.4M Add +4.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.77% 61,540 $15.4M No change
IJH iShares Core S&P Midcap ETF 0.76% 248,818 $15.1M Add +8.5%
EFX Equifax Inc. 0.73% 54,371 $14.5M Reduce -1.5%
VOO Vanguard S&P 500 ETF 0.73% 30,158 $14.5M Add +7.6%
ABT Abbott Laboratories 0.70% 122,684 $13.9M Reduce -5.9%
CPRT Copart Inc. 0.69% 238,736 $13.8M Reduce -0.3%
NVDA Nvidia Corp. 0.69% 15,253 $13.8M Add +19.0%
XLK SS Technology Select Sector 0.69% 65,739 $13.7M Add +13.8%
AMAT Applied Materials Inc. 0.68% 66,103 $13.6M Add +62.1%
SYK Stryker Corp. 0.66% 36,969 $13.3M Add +61.6%
COST Costco Wholesale Corp. 0.66% 17,876 $13.1M Add +8.1%
SCHW Schwab (charles) Corp. 0.65% 179,872 $13.0M Add +12.3%
ABBV Abbvie Inc. 0.65% 71,401 $13.0M Add +5.5%
INTU Intuit Inc. 0.64% 19,630 $12.8M Add +0.8%
PG The Procter & Gamble Co. 0.62% 76,737 $12.5M Add +0.6%
MAR Marriott International Class A 0.62% 49,092 $12.4M Reduce -0.5%
IWD iShares Russell 1000 Value E 0.60% 67,254 $12.0M Add +3.3%
MA Mastercard Inc. Class A 0.60% 24,999 $12.0M Add +1.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.56% 110,789 $11.2M Reduce -0.7%
XOM Exxon Mobil Corp. 0.56% 96,572 $11.2M Reduce -1.1%
MU Micron Technology Inc. 0.56% 94,240 $11.1M Add +547.7%
BRK.B Berkshire Hathaway Inc. Class B 0.55% 26,285 $11.1M Add +0.0%
PH Parker Hannifin Corp. 0.55% 19,712 $11.0M Reduce -0.2%
GS Goldman Sachs Group Inc. 0.54% 25,842 $10.8M Add +6.5%
SOXX iShares Semiconductor ETF 0.54% 47,448 $10.7M Add +4.1%
MINT PIMCO Enhanced Short Maturit 0.50% 100,068 $10.1M Reduce -15.9%
URI United Rentals Inc. 0.49% 13,444 $9.7M Add +2.0%
GPC Genuine Parts Co. 0.48% 61,130 $9.5M Add +1.1%
AME Ametek Inc. 0.47% 50,938 $9.3M Add +5.8%
AVGO Broadcom Inc. 0.46% 6,978 $9.2M Add +9.2%
TGT Target Corp. 0.46% 51,445 $9.1M Add +43.0%
ADI Analog Devices Inc. 0.43% 43,449 $8.6M Reduce -1.4%
TMO Thermo Fisher Scientific Inc. 0.40% 13,553 $7.9M Reduce -0.5%
ISRG Intuitive Surgical Inc. 0.39% 19,491 $7.8M No change
ICE Intercontinental Exchange Inc. 0.38% 55,697 $7.7M Add +3.0%
CVX Chevron Corp. 0.38% 48,130 $7.6M Add +0.0%
MCD McDonald's Corp. 0.37% 26,229 $7.4M Reduce -1.0%
MS Morgan Stanley 0.36% 76,052 $7.2M Reduce -1.7%
BA The Boeing Co. 0.35% 36,626 $7.1M Reduce -21.7%
ACN Accenture PLC Class A 0.35% 20,234 $7.0M Add +104.2%
BRK.A Berkshire Hathaway Inc. Class A 0.35% 11 $7.0M No change
CDW CDW Corp. 0.35% 27,160 $6.9M Reduce -7.3%
IQV Iqvia Holdings Inc. 0.34% 26,857 $6.8M Add +7.5%
UNP Union Pacific Corp. 0.34% 27,490 $6.8M Reduce -1.5%
IWM iShares Russell 2000 ETF 0.34% 31,831 $6.7M Add +1.6%
CSCO Cisco Systems Inc. 0.33% 133,853 $6.7M Reduce -1.4%
DHR Danaher Corp. 0.33% 26,723 $6.7M Add +14.7%
NFLX Netflix Inc. 0.33% 10,845 $6.6M Add +63.0%
CAT Caterpillar Inc. 0.32% 17,533 $6.4M Add +42.8%
COR Cencora Inc. 0.31% 25,287 $6.1M Reduce -0.6%
VMC Vulcan Materials Co. 0.31% 22,494 $6.1M Reduce -8.5%
TFC Truist Financial Corp. 0.30% 156,097 $6.1M Reduce -6.2%
TSM Taiwan Semiconductor-SP ADR 0.30% 43,432 $5.9M Add +656.8%
VDE Vanguard Energy ETF 0.29% 43,998 $5.8M Reduce -32.5%
UNH Unitedhealth Group Inc. 0.28% 11,281 $5.6M Add +1.8%
MAS Masco Corp. 0.28% 70,723 $5.6M Add +26.4%
AMD Advanced Micro Devices 0.27% 30,390 $5.5M Reduce -2.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 44,793 $5.5M Add +0.6%
MKL Markel Group Inc. 0.27% 3,562 $5.4M Reduce -0.8%
OSK Oshkosh Corp. 0.27% 42,527 $5.3M Add +85.7%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.26% 58,883 $5.2M Reduce -1.3%
LOW Lowe's Cos Inc. 0.26% 20,009 $5.1M Add +97.7%
PAVE Global X US Infrastructure 0.25% 127,715 $5.1M Reduce -1.1%
EW Edwards Lifesciences Corp. 0.25% 51,953 $5.0M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.24% 12,200 $4.9M No change
MAA Mid-America Apartment Comm 0.24% 36,329 $4.8M No change
AXP American Express Co. 0.24% 20,972 $4.8M Add +63.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.24% 29,243 $4.8M Add +0.5%
CTAS Cintas Corp. 0.24% 6,838 $4.7M Reduce -2.2%
SHY iShares 1-3 Year Treasury Bo 0.23% 56,596 $4.6M Add +224.4%

Show all 959 holdings

Options reported separately and not counted above: GNRC calls ($101K), NCLH calls ($63K).

Other holdings (5): bonds, preferreds, convertibles and warrants · $4.8M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,460$3.0MAdd +27.5%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 1,484$1.8MAdd +74.6%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 236$10KReduce -27.6%
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 150$7KNo change
SAVAW Cassava Sciences Inc.-28 *W EXP 11/15/202 600$2KNo change
Lines left out (2) · $497 — a value with no share or principal amount
SecurityClassSharesValue
JGH Nuveen Global High Income SHS0$490
HPF John Hancock Prefer Inc. II COM0$7

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $2.0B.

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -2.3% 2.62% −0.74
JPST JPMorgan Ultra-Short Income Reduce -12.1% 1.56% −0.42
BA The Boeing Co. Reduce -21.7% 0.35% −0.33
KRE SS SPDR S&P Regional Bank Reduce -73.6% 0.09% −0.32
VCSH Vanguard S/T Corp. Bond ETF Reduce -11.9% 0.93% −0.25
VGSH Vanguard Short-Term Treasury Reduce -8.0% 0.82% −0.18
KO The Coca-Cola Co. Reduce -4.0% 1.55% −0.17
MINT PIMCO Enhanced Short Maturit Reduce -15.9% 0.50% −0.16
JNJ Johnson & Johnson Reduce -4.6% 0.87% −0.14
VDE Vanguard Energy ETF Reduce -32.5% 0.29% −0.14
NKE Nike Inc. Class B Reduce -23.1% 0.16% −0.11
ABT Abbott Laboratories Reduce -5.9% 0.70% −0.10
PEP Pepsico Inc. Reduce -4.0% 0.77% −0.10
GGG Graco Inc. Reduce -49.6% 0.08% −0.09
GPN Global Payments Inc. Reduce -40.3% 0.11% −0.08
SBUX Starbucks Corp. Reduce -46.6% 0.07% −0.08
MCD McDonald's Corp. Reduce -1.0% 0.37% −0.07
SO The Southern Co. Reduce -17.3% 0.19% −0.06
RIO Rio Tinto PLC-Spon ADR Reduce -1.6% 0.22% −0.06
ADI Analog Devices Inc. Reduce -1.4% 0.43% −0.06
PFE Pfizer Inc. Reduce -21.3% 0.12% −0.06
XOP SS SPDR S&P Og Exp & Prod Reduce -69.5% 0.02% −0.05
VCIT Vanguard Int-Term Corporate Reduce -12.6% 0.18% −0.05
ROKU Roku Inc. Reduce -91.3% 0.00% −0.05
CSCO Cisco Systems Inc. Reduce -1.4% 0.33% −0.05
STZ Constellation Brands Inc. Class A Reduce -53.0% 0.04% −0.05
SHEL Shell PLC-ADR Reduce -23.4% 0.11% −0.05
UNP Union Pacific Corp. Reduce -1.5% 0.34% −0.04
MS Morgan Stanley Reduce -1.7% 0.36% −0.04
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -24.1% 0.11% −0.04
PPG PPG Industries Inc. Reduce -9.0% 0.17% −0.04
TSLA Tesla Inc. Reduce -37.2% 0.03% −0.04
VLO Valero Energy Corp. Reduce -68.8% 0.02% −0.04
GOOGL Alphabet Inc. Class A Reduce -0.8% 0.99% −0.04
NVT Nvent Electric PLC Sold out 0.00% −0.04
TFC Truist Financial Corp. Reduce -6.2% 0.30% −0.04
SPGI S&P Global Inc. Reduce -14.7% 0.10% −0.03
EFX Equifax Inc. Reduce -1.5% 0.73% −0.03
IWB iShares Russell 1000 ETF Reduce -0.5% 1.50% −0.03
XME SS SPDR S&P Metals Mining Reduce -17.6% 0.09% −0.03
BSCO Invesco Bulletshares 2024 CB Reduce -4.2% 0.19% −0.03
UPS United Parcel Service Class B Reduce -12.2% 0.09% −0.03
PANW Palo Alto Networks Inc. Reduce -43.5% 0.03% −0.03
SWKS Skyworks Solutions Inc. Reduce -23.2% 0.05% −0.03
FLRN SS SPDR BB Ig Float RT ETF Reduce -68.6% 0.01% −0.03
MELI MercadoLibre Inc. Reduce -22.8% 0.05% −0.02
BEPC Brookfield Renewable Cor-A Reduce -7.8% 0.06% −0.02
CDW CDW Corp. Reduce -7.3% 0.35% −0.02
LMT Lockheed Martin Corp. Reduce -1.5% 0.19% −0.02
DEO Diageo PLC-Sponsored ADR Reduce -6.0% 0.16% −0.02

Portfolio Buys Q4 2023 → Q1 2024
MU Micron Technology Inc. Add +547.7% 0.56% +0.49
NVDA Nvidia Corp. Add +19.0% 0.69% +0.34
AMAT Applied Materials Inc. Add +62.1% 0.68% +0.31
SYK Stryker Corp. Add +61.6% 0.66% +0.28
TSM Taiwan Semiconductor-SP ADR Add +656.8% 0.30% +0.26
AMZN Amazon.com Inc. Add +9.2% 1.73% +0.24
TGT Target Corp. Add +43.0% 0.46% +0.17
XBI SS SPDR S&P Biotech ETF Add +1215.9% 0.18% +0.16
ACN Accenture PLC Class A Add +104.2% 0.35% +0.16
CASY Casey's General Stores Inc. Add +21271.1% 0.15% +0.15
SHY iShares 1-3 Year Treasury Bo Add +224.4% 0.23% +0.15
NFLX Netflix Inc. Add +63.0% 0.33% +0.15
TXT Textron Inc. New 0.14% +0.14
LOW Lowe's Cos Inc. Add +97.7% 0.26% +0.13
OSK Oshkosh Corp. Add +85.7% 0.27% +0.13
RL Ralph Lauren Corp. New 0.12% +0.12
CAT Caterpillar Inc. Add +42.8% 0.32% +0.12
CMI Cummins Inc. Add +4316.9% 0.12% +0.11
CRL Charles River Laboratories New 0.11% +0.11
ULTA Ulta Beauty Inc. New 0.11% +0.11
AXP American Express Co. Add +63.9% 0.24% +0.11
MRK Merck & Co. Inc. Add +1.5% 1.14% +0.10
MPWR Monolithic Power Systems Inc. New 0.10% +0.10
META Meta Platforms Inc. Class A Add +95.6% 0.15% +0.09
EME Emcor Group Inc. New 0.09% +0.09
QQQ Invesco QQQ Trust Series 1 Add +155.1% 0.12% +0.07
MAS Masco Corp. Add +26.4% 0.28% +0.07
SMCI Super Micro Computer Inc. Add +42.2% 0.09% +0.07
ABBV Abbvie Inc. Add +5.5% 0.65% +0.07
AVGO Broadcom Inc. Add +9.2% 0.46% +0.07
XLK SS Technology Select Sector Add +13.8% 0.69% +0.06
URI United Rentals Inc. Add +2.0% 0.49% +0.06
ASML ASML Holding NV-NY Reg SHS Add +25520.0% 0.06% +0.06
EMR Emerson Electric Co. Add +122.4% 0.11% +0.06
AVAV Aerovironment Inc. New 0.05% +0.05
DIS The Walt Disney Co. Add +0.6% 0.27% +0.05
SOXX iShares Semiconductor ETF Add +4.1% 0.54% +0.05
IJH iShares Core S&P Midcap ETF Add +8.5% 0.76% +0.05
VOO Vanguard S&P 500 ETF Add +7.6% 0.73% +0.04
MSFT Microsoft Corp. Add +1.0% 3.18% +0.04
SCHW Schwab (charles) Corp. Add +12.3% 0.65% +0.04
DHR Danaher Corp. Add +14.7% 0.33% +0.03
GBTC Grayscale Bitcoin Trust ETF New 0.03% +0.03
COST Costco Wholesale Corp. Add +8.1% 0.66% +0.03
AMGN Amgen Inc. Add +84.8% 0.08% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.0% 0.55% +0.03
IWF iShares Russell 1000 Growth Add +4.1% 0.77% +0.03
VKTX Viking Therapeutics Inc. Add +97.5% 0.03% +0.03
WMT Walmart Inc. Add +0.8% 0.78% +0.03
TDG Transdigm Group Inc. Add +66.8% 0.06% +0.03

Notes & Other Activity Q4 2023 → Q1 2024
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +27.5% 2,460 $3.0M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +74.6% 1,484 $1.8M
FLAGSTAR BANK NA (FLG 6 11/01/51) UNIT 05/07/2051 Sold out 750 $31Kbefore exit
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -27.6% 236 $10K
JGH Nuveen Global High Income SHS Reduce -100.0% 0 $490

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 949$2.4BIVV, SPY, AAPL, MDY, GOOG
Q1 2026 928$2.1BIVV, SPY, AAPL, MDY, GOOG
Q4 2025 945$2.2BIVV, SPY, AAPL, MSFT, GOOG
Q3 2025 1,110$2.2BIVV, SPY, AAPL, MSFT, MDY
Q2 2025 936$2.0BIVV, SPY, MSFT, AAPL, MDY
Q1 2025 986$2.0BIVV, SPY, AAPL, MDY, MSFT
Q4 2024 988$2.1BIVV, SPY, AAPL, MDY, MSFT
Q3 2024 1,019$2.1BIVV, SPY, AAPL, MDY, MSFT
Q2 2024 974$2.0BIVV, SPY, MSFT, AAPL, MDY
Q1 2024 959$2.0BSPY, IVV, MSFT, MDY, AAPL