Orca Investment Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Orca Investment Management, LLC reported 58 stock positions worth $126.9 million. Its top holding was Microsoft (MSFT) at 10.5% of the portfolio, followed by Alphabet Class C (GOOG, 9.0%) and Apple (AAPL, 8.0%). Compared with Q3 2025, it sold out of 3, added to 21 and reduced 34. The biggest buy was Cardinal Health (CAH, shares +0%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- LAKE OSWEGO, OR
- CIK
- 0001511229
- Portfolio Value
- $126.9M (Q4 2025)
- SEC Filing
- 0001104659-26-004940 ↗ filed Jan 20, 2026
Holdings Value
Holdings 58 stocks · $126.9M
| MSFT Microsoft Corp. | 10.49% | 27,545 | $13.3M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 8.99% | 36,370 | $11.4M | Reduce -1.4% |
| AAPL Apple Inc. | 7.98% | 37,280 | $10.1M | Reduce -0.4% |
| AVGO Broadcom Inc. | 5.62% | 20,629 | $7.1M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.16% | 9,607 | $6.6M | Reduce -0.0% |
| CAH Cardinal Health Inc. | 4.63% | 28,632 | $5.9M | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 4.12% | 16,705 | $5.2M | Reduce -0.4% |
| COHR Coherent Corp. | 3.11% | 21,392 | $3.9M | Reduce -1.4% |
| JNJ Johnson & Johnson | 2.87% | 17,602 | $3.6M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 2.62% | 14,411 | $3.3M | Add +0.3% |
| XLF SS Financial Select Sector | 2.51% | 58,151 | $3.2M | Reduce -0.8% |
| PRU Prudential Financial Inc. | 2.21% | 24,808 | $2.8M | Add +0.3% |
| CVS CVS Health Corp. | 2.20% | 35,137 | $2.8M | Add +0.5% |
| VTI VG Morningstar TS MKT ETF-US | 2.09% | 7,924 | $2.7M | Reduce -0.8% |
| JPM JPMorgan Chase & Co. | 1.80% | 7,111 | $2.3M | Add +0.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 1.74% | 26,755 | $2.2M | Reduce -0.2% |
| SPMO Invesco S&P 500 Momentum ETF | 1.68% | 17,829 | $2.1M | Reduce -2.0% |
| TSM Taiwan Semiconductor-SP ADR | 1.65% | 6,889 | $2.1M | Reduce -0.5% |
| ADM Archer-Daniels-Midland Co. | 1.64% | 36,152 | $2.1M | Reduce -3.7% |
| LLY Eli Lilly & Co. | 1.60% | 1,887 | $2.0M | Add +0.6% |
| MRK Merck & Co. Inc. | 1.53% | 18,443 | $1.9M | Add +0.8% |
| INTC Intel Corp. | 1.47% | 50,697 | $1.9M | Add +0.5% |
| WTAI Wisdomtree AI and Innovation | 1.44% | 62,796 | $1.8M | Reduce -1.2% |
| IWM iShares Russell 2000 ETF | 1.37% | 7,070 | $1.7M | Reduce -0.4% |
| UPS United Parcel Service Class B | 1.33% | 16,983 | $1.7M | Reduce -3.6% |
| HD Home Depot Inc. | 1.27% | 4,686 | $1.6M | Add +0.1% |
| XLI SS Industrial Select Sector | 1.16% | 9,492 | $1.5M | Add +0.2% |
| SNA Snap-on Inc. | 1.06% | 3,894 | $1.3M | Reduce -0.1% |
| SCHM Schwab US Mid Cap ETF | 0.89% | 37,564 | $1.1M | Add +0.3% |
| ABBV Abbvie Inc. | 0.87% | 4,851 | $1.1M | Add +1.1% |
| BROS Dutch Bros Inc. Class A | 0.86% | 17,750 | $1.1M | Reduce -0.5% |
| KMI Kinder Morgan Inc. | 0.75% | 34,433 | $947K | Add +0.2% |
| XLB SS Materials Select Sector | 0.74% | 20,587 | $934K | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.73% | 12,918 | $923K | No change |
| GS Goldman Sachs Group Inc. | 0.68% | 985 | $866K | Reduce -1.4% |
| MS Morgan Stanley | 0.66% | 4,720 | $838K | Reduce -1.5% |
| POWW Outdoor Holding Co. | 0.64% | 478,500 | $818K | No change |
| ADP Automatic Data Processing | 0.63% | 3,119 | $802K | Add +1.1% |
| VZ Verizon Communications Inc. | 0.63% | 19,638 | $800K | Reduce -6.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 1,300 | $653K | Reduce -80.6% |
| PFE Pfizer Inc. | 0.49% | 25,135 | $626K | Reduce -3.0% |
| ORCL Oracle Corp. | 0.48% | 3,149 | $614K | Reduce -1.4% |
| SBUX Starbucks Corp. | 0.46% | 7,008 | $590K | Reduce -0.1% |
| PEP Pepsico Inc. | 0.44% | 3,875 | $556K | Add +0.1% |
| EMR Emerson Electric Co. | 0.44% | 4,180 | $555K | Add +1.1% |
| MO Altria Group Inc. | 0.42% | 9,168 | $529K | Add +0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.40% | 4,439 | $505K | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.36% | 3,232 | $463K | Add +1.1% |
| SCHW Schwab (charles) Corp. | 0.36% | 4,569 | $456K | Reduce -1.6% |
| C Citigroup Inc. | 0.31% | 3,415 | $398K | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.31% | 3,251 | $391K | Reduce -21.2% |
| GPC Genuine Parts Co. | 0.28% | 2,918 | $359K | Add +1.1% |
| UTG Reaves Utility Income Fund | 0.27% | 9,500 | $348K | Reduce -2.8% |
| TILT NT Mstar US Ftilt ETF | 0.26% | 1,342 | $334K | Reduce -1.5% |
| CVX Chevron Corp. | 0.22% | 1,814 | $277K | Reduce -1.9% |
| PPG PPG Industries Inc. | 0.21% | 2,559 | $262K | Add +1.2% |
| KMB Kimberly-Clark Corp. | 0.18% | 2,318 | $234K | Add +1.0% |
| IWL iShares Russell Top 200 ETF | 0.16% | 1,214 | $207K | Reduce -2.4% |
Portfolio Sells Q3 2025 → Q4 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -80.6% | 0.51% | −2.24 |
| MSFT Microsoft Corp. | Reduce -1.2% | 10.49% | −1.34 |
| SWX Southwest Gas Holdings Inc. | Sold out | 0.00% | −0.25 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.48% | −0.25 |
| ADM Archer-Daniels-Midland Co. | Reduce -3.7% | 1.64% | −0.20 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.19 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −0.18 |
| SPMO Invesco S&P 500 Momentum ETF | Reduce -2.0% | 1.68% | −0.13 |
| VZ Verizon Communications Inc. | Reduce -6.0% | 0.63% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.0% | 5.16% | −0.08 |
| XLF SS Financial Select Sector | Reduce -0.8% | 2.51% | −0.08 |
| XOM Exxon Mobil Corp. | Reduce -21.2% | 0.31% | −0.07 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 2.09% | −0.05 |
| SNA Snap-on Inc. | Reduce -0.1% | 1.06% | −0.05 |
| PFE Pfizer Inc. | Reduce -3.0% | 0.49% | −0.05 |
| WTAI Wisdomtree AI and Innovation | Reduce -1.2% | 1.44% | −0.05 |
| UTG Reaves Utility Income Fund | Reduce -2.8% | 0.27% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -0.4% | 1.37% | −0.04 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -0.2% | 1.74% | −0.03 |
| SBUX Starbucks Corp. | Reduce -0.1% | 0.46% | −0.02 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.40% | −0.02 |
| CVX Chevron Corp. | Reduce -1.9% | 0.22% | −0.02 |
| TILT NT Mstar US Ftilt ETF | Reduce -1.5% | 0.26% | −0.01 |
| IWL iShares Russell Top 200 ETF | Reduce -2.4% | 0.16% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -1.6% | 0.36% | −0.00 |
| C Citigroup Inc. | Reduce -1.5% | 0.31% | +0.03 |
| GS Goldman Sachs Group Inc. | Reduce -1.4% | 0.68% | +0.03 |
| MS Morgan Stanley | Reduce -1.5% | 0.66% | +0.04 |
| AVGO Broadcom Inc. | Reduce -0.1% | 5.62% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.5% | 1.65% | +0.07 |
| BROS Dutch Bros Inc. Class A | Reduce -0.5% | 0.86% | +0.09 |
| UPS United Parcel Service Class B | Reduce -3.6% | 1.33% | +0.12 |
| AAPL Apple Inc. | Reduce -0.4% | 7.98% | +0.18 |
| JNJ Johnson & Johnson | Reduce -0.1% | 2.87% | +0.19 |
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 4.12% | +0.78 |
| COHR Coherent Corp. | Reduce -1.4% | 3.11% | +1.20 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 8.99% | +1.63 |
Portfolio Buys Q3 2025 → Q4 2025
| CAH Cardinal Health Inc. | Add +0.1% | 4.63% | +0.96 |
| LLY Eli Lilly & Co. | Add +0.6% | 1.60% | +0.43 |
| MRK Merck & Co. Inc. | Add +0.8% | 1.53% | +0.27 |
| PRU Prudential Financial Inc. | Add +0.3% | 2.21% | +0.10 |
| INTC Intel Corp. | Add +0.5% | 1.47% | +0.09 |
| CVS CVS Health Corp. | Add +0.5% | 2.20% | +0.04 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.62% | +0.04 |
| EMR Emerson Electric Co. | Add +1.1% | 0.44% | −0.01 |
| PEP Pepsico Inc. | Add +0.1% | 0.44% | −0.01 |
| PPG PPG Industries Inc. | Add +1.2% | 0.21% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Add +0.3% | 0.89% | −0.02 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 1.80% | −0.03 |
| XLI SS Industrial Select Sector | Add +0.2% | 1.16% | −0.04 |
| ABBV Abbvie Inc. | Add +1.1% | 0.87% | −0.04 |
| PG The Procter & Gamble Co. | Add +1.1% | 0.36% | −0.04 |
| GPC Genuine Parts Co. | Add +1.1% | 0.28% | −0.05 |
| KMB Kimberly-Clark Corp. | Add +1.0% | 0.18% | −0.05 |
| KMI Kinder Morgan Inc. | Add +0.2% | 0.75% | −0.05 |
| MO Altria Group Inc. | Add +0.2% | 0.42% | −0.08 |
| ADP Automatic Data Processing | Add +1.1% | 0.63% | −0.11 |
| HD Home Depot Inc. | Add +0.1% | 1.27% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $137.8M | GOOG, AAPL, MSFT, AVGO, SPY |
| Q1 2026 | 57 | $117.6M | GOOG, MSFT, AAPL, AVGO, SPY |
| Q4 2025 | 58 | $126.9M | MSFT, GOOG, AAPL, AVGO, SPY |
| Q3 2025 | 61 | $122.1M | MSFT, AAPL, GOOG, AVGO, SPY |
| Q2 2025 | 60 | $110.9M | MSFT, AAPL, GOOG, SPY, AVGO |
| Q1 2025 | 58 | $100.1M | MSFT, AAPL, GOOG, SPY, CAH |
| Q4 2024 | 57 | $106.3M | MSFT, AAPL, GOOG, SPY, AVGO |
| Q3 2024 | 57 | $110.9M | MSFT, AAPL, GOOG, SPY, COHR |
| Q2 2024 | 56 | $104.8M | MSFT, GOOG, AAPL, SPY, SPTM |
| Q1 2024 | 55 | $106.8M | MSFT, GOOG, AAPL, SPY, SPTM |