Montag A & Associates Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Montag A & Associates Inc. reported 986 stock positions worth $2.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.4% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 5.1%) and Apple (AAPL, 3.5%). Compared with Q4 2024, it opened 50 new positions, sold out of 49, added to 203 and reduced 255. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +5%) and the biggest sale Alphabet Class C (GOOG, shares −6%).

Most Recent 13F
Q2 2026
Location
ATLANTA, GA
CIK
0000829407
Portfolio Value
$2.0B (Q1 2025)
SEC Filing
0000829407-25-000003 ↗ filed May 5, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $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 $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 986 stocks · $2.0B
IVV iShares Core S&P 500 ETF 6.42% 227,933 $128.1M Add +5.0%
SPY SS SPDR S&P 500 ETF Trust-US 5.07% 180,278 $101.2M Reduce -1.8%
AAPL Apple Inc. 3.46% 310,595 $69.0M Reduce -0.8%
MDY State Street SPDR S&P Midcap 2.88% 107,443 $57.5M Reduce -0.9%
MSFT Microsoft Corp. 2.71% 144,017 $54.1M Reduce -0.5%
GOOG Alphabet Inc. Class C 2.04% 260,799 $40.7M Reduce -5.9%
AMZN Amazon.com Inc. 1.89% 197,706 $37.6M Add +7.3%
KO The Coca-Cola Co. 1.73% 477,629 $34.5M Reduce -2.6%
IWB iShares Russell 1000 ETF 1.65% 107,001 $32.8M Reduce -2.5%
HD Home Depot Inc. 1.42% 77,021 $28.2M Add +1.4%
RSP Invesco S&P 500 Equal Weight 1.41% 162,003 $28.1M Reduce -1.5%
VB Vanguard Most SM-Cap ETF-Usd 1.40% 125,684 $27.9M Reduce -1.9%
V Visa Inc. Class A 1.33% 75,667 $26.5M Add +0.5%
FISV Fiserv Inc. 1.24% 112,205 $24.8M Reduce -19.4%
VIG Vanguard Dividend Apprec ETF 1.15% 117,943 $22.9M Add +1.2%
WMT Walmart Inc. 1.10% 249,211 $21.9M Reduce -1.4%
JPM JPMorgan Chase & Co. 1.06% 85,953 $21.1M Add +0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.04% 497,581 $20.8M Reduce -0.3%
NVDA Nvidia Corp. 1.03% 189,404 $20.5M Add +4.9%
IWF iShares Russell 1000 Growth 1.02% 56,191 $20.3M Add +1.4%
VOO Vanguard S&P 500 ETF 0.97% 37,683 $19.4M Add +3.8%
IJH iShares Core S&P Midcap ETF 0.97% 330,201 $19.3M Reduce -2.4%
GOOGL Alphabet Inc. Class A 0.96% 123,934 $19.2M Reduce -0.7%
LLY Eli Lilly & Co. 0.95% 22,922 $18.9M Reduce -2.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.91% 70,432 $18.2M Reduce -14.4%
VGSH Vanguard Short-Term Treasury 0.83% 280,486 $16.5M Add +18.3%
IJR iShares Core S&P Small-Cap E 0.82% 156,917 $16.4M Reduce -7.6%
ABBV Abbvie Inc. 0.81% 77,394 $16.2M Add +7.3%
COST Costco Wholesale Corp. 0.80% 16,934 $16.0M Reduce -2.8%
GS Goldman Sachs Group Inc. 0.80% 29,176 $15.9M Reduce -8.2%
JNJ Johnson & Johnson 0.79% 94,860 $15.7M Reduce -3.2%
IWD iShares Russell 1000 Value E 0.77% 81,051 $15.3M Add +2.5%
VGIT Vanguard Intermediate-Term T 0.74% 248,817 $14.8M Reduce -0.8%
MRK Merck & Co. Inc. 0.73% 160,313 $14.5M Reduce -2.7%
BRK.B Berkshire Hathaway Inc. Class B 0.72% 26,915 $14.3M Reduce -3.1%
SHY iShares 1-3 Year Treasury Bo 0.72% 172,758 $14.3M Reduce -6.2%
SYK Stryker Corp. 0.70% 37,512 $14.0M Add +0.8%
ABT Abbott Laboratories 0.70% 104,841 $13.9M Add +2.1%
MA Mastercard Inc. Class A 0.69% 25,254 $13.8M Add +0.8%
JPST JPMorgan Ultra-Short Income 0.67% 264,382 $13.4M Add +77.6%
VCSH Vanguard S/T Corp. Bond ETF 0.66% 166,937 $13.2M Reduce -25.4%
CPRT Copart Inc. 0.66% 231,489 $13.1M Reduce -0.9%
EFX Equifax Inc. 0.65% 53,365 $13.0M Reduce -1.6%
PG The Procter & Gamble Co. 0.64% 75,305 $12.8M Reduce -0.2%
AVGO Broadcom Inc. 0.64% 76,549 $12.8M Add +3.0%
XLK SS Technology Select Sector 0.64% 61,742 $12.7M Reduce -0.5%
ADBE Adobe Inc. 0.63% 32,834 $12.6M Reduce -6.1%
PEP Pepsico Inc. 0.62% 83,030 $12.4M Add +0.5%
XOM Exxon Mobil Corp. 0.57% 94,956 $11.3M Reduce -1.1%
PH Parker Hannifin Corp. 0.55% 18,141 $11.0M Reduce -2.7%
MAR Marriott International Class A 0.55% 45,803 $10.9M Reduce -2.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.51% 83,514 $10.2M Reduce -1.9%
KRE SS SPDR S&P Regional Bank 0.50% 173,829 $9.9M Reduce -4.3%
ICE Intercontinental Exchange Inc. 0.46% 53,141 $9.2M Reduce -0.8%
BRK.A Berkshire Hathaway Inc. Class A 0.44% 11 $8.8M No change
TSM Taiwan Semiconductor-SP ADR 0.44% 52,391 $8.7M Add +15.2%
INTU Intuit Inc. 0.44% 14,203 $8.7M Add +5.7%
NFLX Netflix Inc. 0.43% 9,268 $8.6M Add +37.6%
ADI Analog Devices Inc. 0.43% 42,337 $8.5M Add +0.3%
AME Ametek Inc. 0.41% 46,935 $8.1M Reduce -2.4%
ISRG Intuitive Surgical Inc. 0.40% 16,039 $7.9M Reduce -2.4%
MS Morgan Stanley 0.40% 67,874 $7.9M Add +0.5%
IWM iShares Russell 2000 ETF 0.39% 38,897 $7.8M Reduce -5.2%
MCD McDonald's Corp. 0.39% 24,568 $7.7M Reduce -0.2%
CVX Chevron Corp. 0.38% 45,629 $7.6M Add +0.4%
URI United Rentals Inc. 0.38% 12,179 $7.6M Add +0.6%
GPC Genuine Parts Co. 0.36% 59,737 $7.2M Reduce -1.4%
CSCO Cisco Systems Inc. 0.36% 115,782 $7.1M Reduce -3.2%
META Meta Platforms Inc. Class A 0.36% 12,367 $7.1M Add +95.7%
AMAT Applied Materials Inc. 0.34% 46,964 $6.8M Reduce -1.7%
CBRE CBRE Group Inc. Class A 0.33% 51,012 $6.7M Reduce -2.7%
MKL Markel Group Inc. 0.33% 3,484 $6.5M Reduce -0.4%
DE Deere & Co. 0.33% 13,767 $6.5M Add +40.2%
TMO Thermo Fisher Scientific Inc. 0.32% 12,997 $6.5M Reduce -1.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.31% 87,705 $6.2M Reduce -0.4%
TFC Truist Financial Corp. 0.31% 151,466 $6.2M Reduce -0.4%
AXP American Express Co. 0.31% 22,702 $6.1M Reduce -1.1%
MAA Mid-America Apartment Comm 0.31% 36,329 $6.1M No change
APH Amphenol Corp. Class A 0.29% 88,833 $5.8M Add +25.6%
CAT Caterpillar Inc. 0.27% 16,470 $5.4M Add +0.2%
UNH Unitedhealth Group Inc. 0.27% 10,230 $5.4M Reduce -10.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.26% 12,245 $5.2M No change
CTAS Cintas Corp. 0.26% 24,846 $5.1M Reduce -0.2%
GLD SPDR Gold Shares 0.26% 17,660 $5.1M Add +1.1%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.25% 265,811 $5.0M Reduce -0.6%
LOW Lowe's Cos Inc. 0.25% 21,134 $4.9M Reduce -1.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.25% 28,511 $4.9M Reduce -0.0%
NDAQ Nasdaq Inc. 0.24% 63,184 $4.8M Add +1.0%
VMC Vulcan Materials Co. 0.24% 20,296 $4.7M No change
SPHQ Invesco S&P 500 Quality ETF 0.24% 70,866 $4.7M Add +1.6%
MINT PIMCO Enhanced Short Maturit 0.24% 46,669 $4.7M Reduce -18.6%
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.23% 23,203 $4.7M Add +1.1%
SO The Southern Co. 0.23% 50,363 $4.6M No change
NEE Nextera Energy Inc. 0.23% 65,005 $4.6M Reduce -6.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.23% 18,401 $4.6M Reduce -0.3%
EBAY eBay Inc. 0.23% 67,100 $4.5M Reduce -0.8%
AZO AutoZone Inc. 0.23% 1,181 $4.5M Reduce -3.2%
VDE Vanguard Energy ETF 0.22% 34,350 $4.5M Reduce -4.2%
PAVE Global X US Infrastructure 0.22% 116,974 $4.4M Reduce -1.0%
SCHW Schwab (charles) Corp. 0.22% 55,899 $4.4M Add +5.2%

Show all 986 holdings

Other holdings (4): bonds, preferreds, convertibles and warrants · $5.8M (not counted above)
SecurityClassShares / PrincipalValueChange
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,829$3.5MReduce -5.9%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 1,894$2.3MReduce -2.6%
EL PASO ENERGY CAP TRST (KMI 4.75 03/31/28) PFD CV TR SEC 28 150$7KNo change
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 235$7KReduce -0.4%
Lines left out (4) · $770 — a value with no share or principal amount
SecurityClassSharesValue
COKE Coca-Cola Consolidated Inc. COM0$673
BCS Barclays PLC-Spons ADR ADR0$84
HPF John Hancock Prefer Inc. II COM0$7
PDT John Hancock Prem DVD FND COM SH BEN INT0$6

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 2024 → Q1 2025
GOOG Alphabet Inc. Class C Reduce -5.9% 2.04% −0.47
TDW Tidewater Inc. Reduce -72.1% 0.09% −0.31
AAPL Apple Inc. Reduce -0.8% 3.46% −0.27
DY Dycom Industries Inc. Reduce -99.3% 0.00% −0.21
EA Electronic Arts Inc. Reduce -98.7% 0.00% −0.20
MSFT Microsoft Corp. Reduce -0.5% 2.71% −0.19
PWR Quanta Services Inc. Reduce -98.7% 0.00% −0.18
VCSH Vanguard S/T Corp. Bond ETF Reduce -25.4% 0.66% −0.17
GOOGL Alphabet Inc. Class A Reduce -0.7% 0.96% −0.16
DLR Digital Realty Trust Inc. Reduce -86.5% 0.02% −0.15
VRT Vertiv Holdings Co. Class A Reduce -88.4% 0.01% −0.12
MRVL Marvell Technology Inc. Reduce -4.7% 0.15% −0.12
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -14.4% 0.91% −0.12
FISV Fiserv Inc. Reduce -19.4% 1.24% −0.12
ADBE Adobe Inc. Reduce -6.1% 0.63% −0.11
IJR iShares Core S&P Small-Cap E Reduce -7.6% 0.82% −0.11
BMY Bristol-Myers Squibb Co. Reduce -49.0% 0.14% −0.10
DHR Danaher Corp. Reduce -28.6% 0.21% −0.10
IQV Iqvia Holdings Inc. Reduce -57.6% 0.06% −0.10
ACGL Arch Capital Group Ltd. Reduce -73.3% 0.04% −0.09
NVT Nvent Electric PLC Reduce -90.3% 0.01% −0.08
MAR Marriott International Class A Reduce -2.7% 0.55% −0.08
CEG Constellation Energy Reduce -53.0% 0.06% −0.07
VST Vistra Corp. Reduce -32.5% 0.10% −0.07
VWO Vanguard Ftse Emerging Marke Reduce -75.0% 0.03% −0.07
VB Vanguard Most SM-Cap ETF-Usd Reduce -1.9% 1.40% −0.07
MDY State Street SPDR S&P Midcap Reduce -0.9% 2.88% −0.07
GS Goldman Sachs Group Inc. Reduce -8.2% 0.80% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.8% 5.07% −0.07
LULU Lululemon Athletica Inc. Reduce -80.4% 0.01% −0.07
MRK Merck & Co. Inc. Reduce -2.7% 0.73% −0.06
PYPL PayPal Holdings Inc. Reduce -0.4% 0.21% −0.05
XLK SS Technology Select Sector Reduce -0.5% 0.64% −0.05
IBTG iShares Ibonds Dec 2026 Term Reduce -35.3% 0.09% −0.04
IWM iShares Russell 2000 ETF Reduce -5.2% 0.39% −0.04
CDW CDW Corp. Reduce -15.2% 0.18% −0.04
MINT PIMCO Enhanced Short Maturit Reduce -18.6% 0.24% −0.04
VEA Vanguard Ftse Developed ETF Reduce -63.5% 0.03% −0.04
IJH iShares Core S&P Midcap ETF Reduce -2.4% 0.97% −0.04
IWB iShares Russell 1000 ETF Reduce -2.5% 1.65% −0.04
AMD Advanced Micro Devices Reduce -12.2% 0.13% −0.03
DFS Discover Financial Services Reduce -40.2% 0.05% −0.03
VZ Verizon Communications Inc. Reduce -43.1% 0.06% −0.03
PLXS Plexus Corp. Reduce -2.7% 0.15% −0.03
AMAT Applied Materials Inc. Reduce -1.7% 0.34% −0.03
ORCL Oracle Corp. Reduce -0.6% 0.19% −0.03
KRE SS SPDR S&P Regional Bank Reduce -4.3% 0.50% −0.03
AXP American Express Co. Reduce -1.1% 0.31% −0.02
EMR Emerson Electric Co. Reduce -1.7% 0.20% −0.02
EME Emcor Group Inc. Reduce -1.1% 0.10% −0.02

Portfolio Buys Q4 2024 → Q1 2025
IVV iShares Core S&P 500 ETF Add +5.0% 6.42% +0.35
JPST JPMorgan Ultra-Short Income Add +77.6% 0.67% +0.31
ABBV Abbvie Inc. Add +7.3% 0.81% +0.20
V Visa Inc. Class A Add +0.5% 1.33% +0.20
META Meta Platforms Inc. Class A Add +95.7% 0.36% +0.18
VGSH Vanguard Short-Term Treasury Add +18.3% 0.83% +0.17
ZM Zoom Communications Inc. New 0.15% +0.15
NFLX Netflix Inc. Add +37.6% 0.43% +0.15
ABT Abbott Laboratories Add +2.1% 0.70% +0.14
DE Deere & Co. Add +40.2% 0.33% +0.13
CRM Salesforce Inc. Add +395.5% 0.15% +0.11
LRCX Lam Research Corp. Add +129.4% 0.15% +0.09
JPM JPMorgan Chase & Co. Add +0.0% 1.06% +0.08
COF Capital One Financial Corp. Add +226.3% 0.10% +0.07
RBLX Roblox Corp. Class A Add +1193.7% 0.08% +0.07
CVX Chevron Corp. Add +0.4% 0.38% +0.07
IWD iShares Russell 1000 Value E Add +2.5% 0.77% +0.07
MA Mastercard Inc. Class A Add +0.8% 0.69% +0.07
SYK Stryker Corp. Add +0.8% 0.70% +0.06
VIG Vanguard Dividend Apprec ETF Add +1.2% 1.15% +0.06
APH Amphenol Corp. Class A Add +25.6% 0.29% +0.06
DRVN Driven Brands Holdings Inc. New 0.06% +0.06
GLD SPDR Gold Shares Add +1.1% 0.26% +0.05
RH RH New 0.05% +0.05
KWEB Kranesh Csi China Internet Add +1.1% 0.21% +0.04
VOO Vanguard S&P 500 ETF Add +3.8% 0.97% +0.04
PANW Palo Alto Networks Inc. Add +119.6% 0.07% +0.04
INTU Intuit Inc. Add +5.7% 0.44% +0.04
SCHW Schwab (charles) Corp. Add +5.2% 0.22% +0.03
CASY Casey's General Stores Inc. Add +1.0% 0.22% +0.03
ESS Essex Property Trust Inc. Add +4.0% 0.20% +0.03
RTX RTX Corp. Add +1.9% 0.14% +0.03
MELI MercadoLibre Inc. Add +48.8% 0.06% +0.02
ASML ASML Holding NV-NY Reg SHS Add +61.0% 0.06% +0.02
ETN Eaton Corp. PLC Add +29.9% 0.21% +0.02
PEP Pepsico Inc. Add +0.5% 0.62% +0.02
SHEL Shell PLC-ADR Add +0.3% 0.10% +0.02
SPOT Spotify Technology SA Add +0.1% 0.07% +0.02
AIG American International Group Add +0.7% 0.08% +0.02
BSCQ Invesco Bulletshares 2026 CB Add +13.5% 0.09% +0.02
VTI VG Morningstar TS MKT ETF-US Add +18.1% 0.10% +0.02
VFC VF Corp. Add +50.4% 0.11% +0.01
WDAY Workday Inc. Class A Add +36.0% 0.06% +0.01
SPHQ Invesco S&P 500 Quality ETF Add +1.6% 0.24% +0.01
GE General Electric Add +1.0% 0.05% +0.01
ANET Arista Networks Inc. Add +117.3% 0.03% +0.01
SDY SS SPDR S&P Dividend ETF Add +0.0% 0.14% +0.01
NDAQ Nasdaq Inc. Add +1.0% 0.24% +0.01
HD Home Depot Inc. Add +1.4% 1.42% +0.01
TSM Taiwan Semiconductor-SP ADR Add +15.2% 0.44% +0.01

Notes & Other Activity Q4 2024 → Q1 2025
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -5.9% 2,829 $3.5M
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -2.6% 1,894 $2.3M
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -0.4% 235 $7K
COKE Coca-Cola Consolidated Inc. COM Reduce -100.0% 0 $673
BCS Barclays PLC-Spons ADR ADR Reduce -100.0% 0 $84
PDT John Hancock Prem DVD FND COM SH BEN INT Reduce -100.0% 0 $6

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