Montag A & Associates Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Montag A & Associates Inc. reported 974 stock positions worth $2.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 5.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 5.0%) and Microsoft (MSFT, 3.4%). Compared with Q1 2024, it opened 39 new positions, sold out of 27, added to 165 and reduced 220. The biggest buy was Apple (AAPL, shares +3%) and the biggest sale iShares Core S&P Small-Cap E (IJR, shares −72%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0000829407
Portfolio Value
$2.0B (Q2 2024)
SEC Filing
0000829407-24-000005 ↗ filed Jul 31, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.0B Q1 2024 Q2 2024: $2.0B $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 974 stocks · $2.0B
IVV iShares Core S&P 500 ETF 5.32% 192,283 $105.2M Add +8.6%
SPY SS SPDR S&P 500 ETF Trust-US 5.01% 181,427 $99.1M Add +0.8%
MSFT Microsoft Corp. 3.42% 151,423 $67.7M Add +0.4%
AAPL Apple Inc. 3.36% 315,338 $66.4M Add +3.3%
MDY State Street SPDR S&P Midcap 2.96% 109,077 $58.6M Reduce -1.2%
GOOG Alphabet Inc. Class C 2.60% 280,031 $51.4M Add +3.7%
AMZN Amazon.com Inc. 1.83% 187,000 $36.1M Reduce -2.3%
KO The Coca-Cola Co. 1.62% 499,615 $32.0M Reduce -0.6%
JPST JPMorgan Ultra-Short Income 1.58% 619,311 $31.3M Add +0.5%
IWB iShares Russell 1000 ETF 1.57% 104,189 $31.0M Add +0.1%
RSP Invesco S&P 500 Equal Weight 1.45% 174,668 $28.7M Reduce -4.1%
HD Home Depot Inc. 1.33% 76,235 $26.2M Reduce -1.3%
LLY Eli Lilly & Co. 1.25% 27,351 $24.8M Reduce -1.5%
GOOGL Alphabet Inc. Class A 1.16% 126,016 $23.0M Reduce -3.4%
MRK Merck & Co. Inc. 1.13% 179,695 $22.4M Add +4.5%
TDW Tidewater Inc. 1.11% 230,149 $21.9M Reduce -1.3%
VIG Vanguard Dividend Apprec ETF 1.07% 115,057 $21.1M Add +2.5%
VB Vanguard Most SM-Cap ETF-Usd 1.03% 93,025 $20.4M Reduce -15.9%
FISV Fiserv Inc. 1.02% 135,593 $20.2M Reduce -2.2%
ADBE Adobe Inc. 1.01% 35,920 $20.0M Reduce -7.5%
V Visa Inc. Class A 1.01% 75,916 $19.9M Reduce -3.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.99% 490,962 $19.5M Add +0.2%
NVDA Nvidia Corp. 0.96% 154,287 $19.1M Add +1.1%
IWF iShares Russell 1000 Growth 0.96% 52,078 $19.0M Add +13.9%
VOO Vanguard S&P 500 ETF 0.92% 36,307 $18.2M Add +20.4%
VCSH Vanguard S/T Corp. Bond ETF 0.91% 233,562 $18.0M Reduce -2.6%
JPM JPMorgan Chase & Co. 0.89% 87,004 $17.6M Add +0.9%
WMT Walmart Inc. 0.88% 256,563 $17.4M Reduce -0.5%
AMAT Applied Materials Inc. 0.82% 68,947 $16.3M Add +4.3%
MU Micron Technology Inc. 0.80% 120,904 $15.9M Add +28.3%
VGSH Vanguard Short-Term Treasury 0.79% 270,503 $15.7M Reduce -3.7%
JNJ Johnson & Johnson 0.79% 107,312 $15.7M Reduce -1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.75% 60,957 $14.8M Reduce -0.9%
XLK SS Technology Select Sector 0.73% 64,110 $14.5M Reduce -2.5%
IJH iShares Core S&P Midcap ETF 0.72% 244,246 $14.3M Reduce -1.8%
COST Costco Wholesale Corp. 0.71% 16,582 $14.1M Reduce -7.2%
PEP Pepsico Inc. 0.71% 85,192 $14.1M Reduce -2.8%
GS Goldman Sachs Group Inc. 0.70% 30,430 $13.8M Add +17.8%
SCHW Schwab (charles) Corp. 0.67% 180,146 $13.3M Add +0.1%
EFX Equifax Inc. 0.66% 54,083 $13.1M Reduce -0.5%
INTU Intuit Inc. 0.66% 19,875 $13.1M Add +1.3%
CPRT Copart Inc. 0.65% 238,510 $12.9M Reduce -0.1%
PG The Procter & Gamble Co. 0.64% 76,568 $12.6M Reduce -0.2%
SYK Stryker Corp. 0.63% 36,752 $12.5M Reduce -0.6%
ABBV Abbvie Inc. 0.62% 71,265 $12.2M Reduce -0.2%
IWD iShares Russell 1000 Value E 0.60% 67,829 $11.8M Add +0.8%
MAR Marriott International Class A 0.59% 48,578 $11.7M Reduce -1.1%
AVGO Broadcom Inc. 0.59% 7,265 $11.7M Add +4.1%
SOXX iShares Semiconductor ETF 0.59% 47,262 $11.7M Reduce -0.4%
ABT Abbott Laboratories 0.58% 110,263 $11.5M Reduce -10.1%
XOM Exxon Mobil Corp. 0.57% 97,264 $11.2M Add +0.7%
MA Mastercard Inc. Class A 0.56% 25,224 $11.1M Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.55% 26,522 $10.8M Add +0.9%
PH Parker Hannifin Corp. 0.48% 18,924 $9.6M Reduce -4.0%
ADI Analog Devices Inc. 0.48% 41,674 $9.5M Reduce -4.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.47% 84,615 $9.3M Reduce -23.6%
TSM Taiwan Semiconductor-SP ADR 0.46% 52,443 $9.1M Add +20.8%
IWM iShares Russell 2000 ETF 0.45% 44,152 $9.0M Add +38.7%
MINT PIMCO Enhanced Short Maturit 0.45% 88,970 $9.0M Reduce -11.1%
AME Ametek Inc. 0.44% 51,787 $8.6M Add +1.7%
ISRG Intuitive Surgical Inc. 0.44% 19,358 $8.6M Reduce -0.7%
GPC Genuine Parts Co. 0.43% 61,129 $8.5M Reduce 0.0%
URI United Rentals Inc. 0.40% 12,168 $7.9M Reduce -9.5%
TMO Thermo Fisher Scientific Inc. 0.38% 13,608 $7.5M Add +0.4%
CVX Chevron Corp. 0.38% 48,010 $7.5M Reduce -0.3%
ICE Intercontinental Exchange Inc. 0.38% 54,161 $7.4M Reduce -2.8%
DHR Danaher Corp. 0.36% 28,375 $7.1M Add +6.2%
SHY iShares 1-3 Year Treasury Bo 0.34% 82,535 $6.7M Add +45.8%
BRK.A Berkshire Hathaway Inc. Class A 0.34% 11 $6.7M No change
IJR iShares Core S&P Small-Cap E 0.34% 62,421 $6.7M Reduce -72.1%
MCD McDonald's Corp. 0.34% 26,000 $6.6M Reduce -0.9%
MS Morgan Stanley 0.33% 68,026 $6.6M Reduce -10.6%
CSCO Cisco Systems Inc. 0.32% 133,822 $6.4M Reduce -0.0%
CDW CDW Corp. 0.32% 28,296 $6.3M Add +4.2%
TFC Truist Financial Corp. 0.30% 153,614 $6.0M Reduce -1.6%
UNP Union Pacific Corp. 0.29% 25,645 $5.8M Reduce -6.7%
UNH Unitedhealth Group Inc. 0.29% 11,132 $5.7M Reduce -1.3%
CAT Caterpillar Inc. 0.28% 16,860 $5.6M Reduce -3.8%
MKL Markel Group Inc. 0.28% 3,562 $5.6M No change
VMC Vulcan Materials Co. 0.27% 21,294 $5.3M Reduce -5.3%
VDE Vanguard Energy ETF 0.27% 41,156 $5.3M Reduce -6.5%
IQV Iqvia Holdings Inc. 0.27% 24,857 $5.3M Reduce -7.5%
NFLX Netflix Inc. 0.26% 7,752 $5.2M Reduce -28.5%
BA The Boeing Co. 0.26% 28,694 $5.2M Reduce -21.7%
MAA Mid-America Apartment Comm 0.26% 36,329 $5.2M No change
MCK McKesson Corp. 0.25% 8,346 $4.9M Add +2.2%
AXP American Express Co. 0.25% 20,943 $4.8M Reduce -0.1%
EW Edwards Lifesciences Corp. 0.24% 51,953 $4.8M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.24% 12,200 $4.8M No change
CTAS Cintas Corp. 0.24% 6,828 $4.8M Reduce -0.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.24% 29,057 $4.7M Reduce -0.6%
NEE Nextera Energy Inc. 0.24% 66,181 $4.7M Add +0.3%
PAVE Global X US Infrastructure 0.24% 125,715 $4.7M Reduce -1.6%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.23% 57,905 $4.6M Reduce -1.7%
LOW Lowe's Cos Inc. 0.23% 20,424 $4.5M Add +2.1%
SPHQ Invesco S&P 500 Quality ETF 0.23% 70,160 $4.5M Reduce -0.8%
AMD Advanced Micro Devices 0.23% 27,473 $4.5M Reduce -9.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 44,678 $4.4M Reduce -0.3%
MAS Masco Corp. 0.22% 65,897 $4.4M Reduce -6.8%
TGT Target Corp. 0.22% 29,366 $4.3M Reduce -42.9%

Show all 974 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $5.5M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,831$3.4MAdd +15.1%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 1,759$2.1MAdd +18.5%
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 236$10KNo change
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 150$7KNo change
Lines left out (1) · $7 — a value with no share or principal amount
SecurityClassSharesValue
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 Q1 2024 → Q2 2024
IJR iShares Core S&P Small-Cap E Reduce -72.1% 0.34% −0.90
TGT Target Corp. Reduce -42.9% 0.22% −0.24
VB Vanguard Most SM-Cap ETF-Usd Reduce -15.9% 1.03% −0.24
HD Home Depot Inc. Reduce -1.3% 1.33% −0.16
OSK Oshkosh Corp. Reduce -48.0% 0.12% −0.14
ACN Accenture PLC Class A Reduce -30.6% 0.22% −0.14
BLK BlackRock Finance Inc. Reduce -80.3% 0.03% −0.13
COR Cencora Inc. Reduce -37.5% 0.18% −0.13
ABT Abbott Laboratories Reduce -10.1% 0.58% −0.12
XLRE SS Real Estate Select Sector Reduce -87.4% 0.02% −0.12
MDY State Street SPDR S&P Midcap Reduce -1.2% 2.96% −0.12
CRL Charles River Laboratories Sold out 0.00% −0.11
ULTA Ulta Beauty Inc. Sold out 0.00% −0.11
DE Deere & Co. Reduce -52.0% 0.09% −0.11
AIZ Assurant Inc. Sold out 0.00% −0.11
RSP Invesco S&P 500 Equal Weight Reduce -4.1% 1.45% −0.09
TJX TJX Companies Inc. Reduce -23.6% 0.47% −0.09
BA The Boeing Co. Reduce -21.7% 0.26% −0.09
V Visa Inc. Class A Reduce -3.2% 1.01% −0.09
FISV Fiserv Inc. Reduce -2.2% 1.02% −0.09
URI United Rentals Inc. Reduce -9.5% 0.40% −0.09
MLM Martin Marietta Materials Reduce -30.4% 0.14% −0.08
RL Ralph Lauren Corp. Reduce -67.0% 0.04% −0.08
KMX Carmax Inc. Reduce -27.4% 0.13% −0.08
IQV Iqvia Holdings Inc. Reduce -7.5% 0.27% −0.07
JNJ Johnson & Johnson Reduce -1.9% 0.79% −0.07
CRM Salesforce Inc. Reduce -66.2% 0.03% −0.07
TXN Texas Instruments Inc. Reduce -52.1% 0.08% −0.07
ODFL Old Dominion Freight Line Reduce -70.8% 0.02% −0.07
EFX Equifax Inc. Reduce -0.5% 0.66% −0.07
NFLX Netflix Inc. Reduce -28.5% 0.26% −0.07
PH Parker Hannifin Corp. Reduce -4.0% 0.48% −0.06
PEP Pepsico Inc. Reduce -2.8% 0.71% −0.06
CDNS Cadence Design SYS Inc. Reduce -72.2% 0.02% −0.06
MAS Masco Corp. Reduce -6.8% 0.22% −0.06
LULU Lululemon Athletica Inc. Reduce -76.2% 0.01% −0.05
CVS CVS Health Corp. Reduce -34.9% 0.05% −0.05
MINT PIMCO Enhanced Short Maturit Reduce -11.1% 0.45% −0.05
DIS The Walt Disney Co. Reduce -0.3% 0.22% −0.05
AMD Advanced Micro Devices Reduce -9.6% 0.23% −0.05
GPC Genuine Parts Co. Reduce 0.0% 0.43% −0.05
UNP Union Pacific Corp. Reduce -6.7% 0.29% −0.05
INTC Intel Corp. Reduce -51.5% 0.02% −0.04
BSCO Invesco Bulletshares 2024 CB Reduce -22.4% 0.15% −0.04
VMC Vulcan Materials Co. Reduce -5.3% 0.27% −0.04
CPRT Copart Inc. Reduce -0.1% 0.65% −0.04
CAT Caterpillar Inc. Reduce -3.8% 0.28% −0.04
MCD McDonald's Corp. Reduce -0.9% 0.34% −0.04
NKE Nike Inc. Class B Reduce -3.3% 0.13% −0.03
IJH iShares Core S&P Midcap ETF Reduce -1.8% 0.72% −0.03

Portfolio Buys Q1 2024 → Q2 2024
AAPL Apple Inc. Add +3.3% 3.36% +0.74
IVV iShares Core S&P 500 ETF Add +8.6% 5.32% +0.66
GOOG Alphabet Inc. Class C Add +3.7% 2.60% +0.54
SPY SS SPDR S&P 500 ETF Trust-US Add +0.8% 5.01% +0.28
NVDA Nvidia Corp. Add +1.1% 0.96% +0.27
MU Micron Technology Inc. Add +28.3% 0.80% +0.25
MSFT Microsoft Corp. Add +0.4% 3.42% +0.24
WFRD Weatherford International PL New 0.20% +0.20
VOO Vanguard S&P 500 ETF Add +20.4% 0.92% +0.20
IWF iShares Russell 1000 Growth Add +13.9% 0.96% +0.19
DY Dycom Industries Inc. New 0.18% +0.18
TSM Taiwan Semiconductor-SP ADR Add +20.8% 0.46% +0.17
GS Goldman Sachs Group Inc. Add +17.8% 0.70% +0.16
AMAT Applied Materials Inc. Add +4.3% 0.82% +0.14
AVGO Broadcom Inc. Add +4.1% 0.59% +0.13
IWM iShares Russell 2000 ETF Add +38.7% 0.45% +0.12
SHY iShares 1-3 Year Treasury Bo Add +45.8% 0.34% +0.11
EMR Emerson Electric Co. Add +94.5% 0.20% +0.10
IWB iShares Russell 1000 ETF Add +0.1% 1.57% +0.07
OLED Universal Display Corp. Add +27.6% 0.16% +0.06
BAC Bank of America Corp. Add +0.2% 0.99% +0.06
VIG Vanguard Dividend Apprec ETF Add +2.5% 1.07% +0.04
QQQ Invesco QQQ Trust Series 1 Add +13.1% 0.15% +0.03
ORCL Oracle Corp. Add +2.2% 0.20% +0.03
OEF iShares S&P 100 ETF Add +26.5% 0.10% +0.03
MCK McKesson Corp. Add +2.2% 0.25% +0.03
NEE Nextera Energy Inc. Add +0.3% 0.24% +0.03
JPM JPMorgan Chase & Co. Add +0.9% 0.89% +0.03
DHR Danaher Corp. Add +6.2% 0.36% +0.02
JPST JPMorgan Ultra-Short Income Add +0.5% 1.58% +0.02
INTU Intuit Inc. Add +1.3% 0.66% +0.02
TDG Transdigm Group Inc. Add +29.8% 0.08% +0.02
FCX Freeport-McMoran Inc. New 0.02% +0.02
SCHW Schwab (charles) Corp. Add +0.1% 0.67% +0.02
AGG iShares Core U.S. Aggregate Add +141.5% 0.03% +0.02
VTI VG Morningstar TS MKT ETF-US Add +14.6% 0.11% +0.02
SO The Southern Co. Add +0.0% 0.20% +0.02
TLT iShares 20+ Year Treasury BD Add +2278.0% 0.02% +0.02
TSLA Tesla Inc. Add +33.6% 0.04% +0.01
BSX Boston Scientific Corp. Add +11.7% 0.06% +0.01
WMB Williams Cos Inc. Add +272.4% 0.02% +0.01
VRTX Vertex Pharmaceuticals Inc. Add +108.7% 0.02% +0.01
INDA iShares MSCI India ETF Add +32.8% 0.04% +0.01
NVO Novo-Nordisk A/S-Spons ADR Add +4.5% 0.09% +0.01
A Agilent Technologies Inc. Add +60.7% 0.03% +0.01
NXPI NXP Semiconductors NV Add +2.4% 0.08% +0.01
LMT Lockheed Martin Corp. Add +0.7% 0.20% +0.01
IRM Iron Mountain Inc. Add +7.3% 0.05% +0.01
DUK Duke Energy Corp. Add +0.4% 0.15% +0.01
SNPS Synopsys Inc. Add +2.2% 0.10% +0.01

Options Activity Q1 2024 → Q2 2024
GNRC Generac Holdings Inc. call Sold out 800 $101Kbefore exit
NCLH Norwegian Cruise Line Holdin call Sold out 4,500 $63Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2024 → Q2 2024
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Add +15.1% 2,831 $3.4M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +18.5% 1,759 $2.1M
SAVAW Cassava Sciences Inc.-28 *W EXP 11/15/202 Sold out 600 $2Kbefore exit
JGH Nuveen Global High Income SHS Sold out 0 $490before exit

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