Stack Financial Management, Inc
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 3, 2026), Stack Financial Management, Inc reported 54 stock positions worth $1.3 billion. Its top holding was Walmart (WMT) at 9.0% of the portfolio, followed by Proshares Short S&P500 (SH, 7.2%) and Microsoft (MSFT, 5.5%). Compared with Q1 2026, it opened 4 new positions, sold out of 2, added to 29 and reduced 19. The biggest buy was a new position in Abbvie (ABBV) and the biggest sale Proshares Short S&P500 (SH, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- WHITEFISH, MT
- CIK
- 0001308685
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001308685-26-000007 ↗ filed Aug 3, 2026
Holdings Value
Holdings 54 stocks · $1.3B
| WMT Walmart Inc. | 8.97% | 1,014,994 | $115.0M | Add +0.7% |
| SH Proshares Short S&P500 | 7.15% | 2,776,433 | $91.7M | Reduce -27.4% |
| MSFT Microsoft Corp. | 5.46% | 187,635 | $70.0M | Add +1.4% |
| PWR Quanta Services Inc. | 5.20% | 92,624 | $66.7M | Reduce -28.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.66% | 119,231 | $59.7M | Add +0.0% |
| CVX Chevron Corp. | 3.41% | 263,390 | $43.7M | Reduce -1.9% |
| LHX L3HARRIS Technologies Inc. | 3.22% | 142,143 | $41.3M | Add +0.6% |
| AEP American Electric Power | 3.01% | 281,488 | $38.5M | Add +0.0% |
| PSX Phillips 66 | 2.83% | 214,827 | $36.3M | Reduce -1.1% |
| WM Waste Management Inc. | 2.53% | 145,573 | $32.4M | Reduce -0.4% |
| CNP Centerpoint Energy Inc. | 2.47% | 718,069 | $31.6M | Reduce -0.1% |
| WPM Wheaton Precious Metals Corp. | 2.35% | 268,144 | $30.1M | Add +0.7% |
| ABBV Abbvie Inc. | 2.27% | 115,754 | $29.1M | New |
| MRK Merck & Co. Inc. | 2.13% | 212,862 | $27.4M | Add +1.5% |
| NEE Nextera Energy Inc. | 2.13% | 311,320 | $27.3M | Add +0.7% |
| JNJ Johnson & Johnson | 2.08% | 104,884 | $26.6M | Add +2.5% |
| KO The Coca-Cola Co. | 2.04% | 320,898 | $26.1M | Add +1.0% |
| EOG EOG Resources Inc. | 1.95% | 192,975 | $25.0M | Reduce -1.8% |
| CBOE Cboe Global Markets Inc. | 1.93% | 102,087 | $24.8M | Reduce -0.7% |
| PCAR Paccar Inc. | 1.93% | 206,102 | $24.8M | Add +0.9% |
| CAH Cardinal Health Inc. | 1.93% | 103,893 | $24.7M | Add +1.9% |
| DUK Duke Energy Corp. | 1.90% | 192,456 | $24.4M | Add +1.2% |
| UPS United Parcel Service Class B | 1.86% | 221,493 | $23.8M | Add +1.0% |
| SYK Stryker Corp. | 1.78% | 72,644 | $22.9M | Reduce -0.9% |
| LMT Lockheed Martin Corp. | 1.76% | 44,145 | $22.5M | Add +3.5% |
| EMR Emerson Electric Co. | 1.68% | 150,577 | $21.6M | Reduce -0.3% |
| CI The Cigna Group | 1.57% | 73,053 | $20.1M | Reduce -0.1% |
| LH Labcorp Holdings Inc. | 1.57% | 71,755 | $20.1M | Add +0.0% |
| T AT&T Inc. | 1.54% | 952,866 | $19.7M | Add +0.3% |
| MDLZ Mondelez International Inc. Class A | 1.49% | 330,702 | $19.1M | Reduce -0.6% |
| CCK Crown Holdings Inc. | 1.49% | 170,453 | $19.1M | Add +0.6% |
| COP Conocophillips | 1.45% | 178,676 | $18.6M | Reduce -1.2% |
| AEE Ameren Corporation | 1.38% | 156,114 | $17.6M | Add +1.6% |
| DTE DTE Energy Company | 1.35% | 113,354 | $17.3M | Add +1.9% |
| DOV Dover Corp. | 1.35% | 76,938 | $17.3M | Add +2.5% |
| BKR Baker Hughes Co. | 1.25% | 287,884 | $16.0M | Add +0.2% |
| PEP Pepsico Inc. | 1.24% | 117,752 | $15.9M | Add +0.6% |
| DHR Danaher Corp. | 1.14% | 76,898 | $14.6M | Add +0.4% |
| MDT Medtronic PLC | 1.09% | 178,117 | $13.9M | Add +1.9% |
| PG The Procter & Gamble Co. | 1.09% | 94,993 | $13.9M | Add +1.6% |
| UNP Union Pacific Corp. | 1.08% | 51,003 | $13.9M | Add +1.9% |
| ACN Accenture PLC Class A | 0.77% | 79,193 | $9.9M | New |
| AAPL Apple Inc. | 0.12% | 5,487 | $1.6M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 1,598 | $1.2M | Reduce -1.4% |
| GDX Vaneck Gold Miners ETF | 0.05% | 8,445 | $637K | Reduce -36.3% |
| GOOGL Alphabet Inc. Class A | 0.04% | 1,493 | $534K | Add +0.9% |
| GOOG Alphabet Inc. Class C | 0.04% | 1,321 | $467K | No change |
| INTC Intel Corp. | 0.03% | 2,858 | $399K | New |
| AEM Agnico Eagle Mines Ltd. | 0.03% | 2,568 | $398K | Reduce -96.1% |
| XLI SS Industrial Select Sector | 0.02% | 1,715 | $318K | Reduce -15.4% |
| RSP Invesco S&P 500 Equal Weight | 0.02% | 1,309 | $279K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.02% | 5,311 | $241K | Add +5.9% |
| XLE SS Energy Select Sector | 0.02% | 4,456 | $237K | Reduce -12.6% |
| XLV SS Health Care Select Sector | 0.02% | 1,423 | $226K | Reduce -19.6% |
Portfolio Sells Q1 2026 → Q2 2026
| SH Proshares Short S&P500 | Reduce -27.4% | 7.15% | −3.50 |
| AEM Agnico Eagle Mines Ltd. | Reduce -96.1% | 0.03% | −0.96 |
| CVX Chevron Corp. | Reduce -1.9% | 3.41% | −0.67 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.52 |
| COP Conocophillips | Reduce -1.2% | 1.45% | −0.30 |
| CBOE Cboe Global Markets Inc. | Reduce -0.7% | 1.93% | −0.19 |
| EOG EOG Resources Inc. | Reduce -1.8% | 1.95% | −0.13 |
| PSX Phillips 66 | Reduce -1.1% | 2.83% | −0.07 |
| GDX Vaneck Gold Miners ETF | Reduce -36.3% | 0.05% | −0.04 |
| PWR Quanta Services Inc. | Reduce -28.6% | 5.20% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.02 |
| XLE SS Energy Select Sector | Reduce -12.6% | 0.02% | −0.00 |
| XLV SS Health Care Select Sector | Reduce -19.6% | 0.02% | −0.00 |
| XLI SS Industrial Select Sector | Reduce -15.4% | 0.02% | +0.00 |
| SYK Stryker Corp. | Reduce -0.9% | 1.78% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.4% | 0.09% | +0.02 |
| WM Waste Management Inc. | Reduce -0.4% | 2.53% | +0.07 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.6% | 1.49% | +0.08 |
| CI The Cigna Group | Reduce -0.1% | 1.57% | +0.14 |
| CNP Centerpoint Energy Inc. | Reduce -0.1% | 2.47% | +0.19 |
| EMR Emerson Electric Co. | Reduce -0.3% | 1.68% | +0.23 |
Portfolio Buys Q1 2026 → Q2 2026
| ABBV Abbvie Inc. | New | 2.27% | +2.27 |
| ACN Accenture PLC Class A | New | 0.77% | +0.77 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.0% | 4.66% | +0.46 |
| MSFT Microsoft Corp. | Add +1.4% | 5.46% | +0.43 |
| CAH Cardinal Health Inc. | Add +1.9% | 1.93% | +0.34 |
| AEP American Electric Power | Add +0.0% | 3.01% | +0.30 |
| MRK Merck & Co. Inc. | Add +1.5% | 2.13% | +0.28 |
| UPS United Parcel Service Class B | Add +1.0% | 1.86% | +0.27 |
| KO The Coca-Cola Co. | Add +1.0% | 2.04% | +0.26 |
| JNJ Johnson & Johnson | Add +2.5% | 2.08% | +0.24 |
| CCK Crown Holdings Inc. | Add +0.6% | 1.49% | +0.24 |
| PCAR Paccar Inc. | Add +0.9% | 1.93% | +0.20 |
| DOV Dover Corp. | Add +2.5% | 1.35% | +0.20 |
| UNP Union Pacific Corp. | Add +1.9% | 1.08% | +0.19 |
| LH Labcorp Holdings Inc. | Add +0.0% | 1.57% | +0.16 |
| DTE DTE Energy Company | Add +1.9% | 1.35% | +0.15 |
| AEE Ameren Corporation | Add +1.6% | 1.38% | +0.14 |
| PG The Procter & Gamble Co. | Add +1.6% | 1.09% | +0.09 |
| DHR Danaher Corp. | Add +0.4% | 1.14% | +0.08 |
| DUK Duke Energy Corp. | Add +1.2% | 1.90% | +0.07 |
| INTC Intel Corp. | New | 0.03% | +0.03 |
| NEE Nextera Energy Inc. | Add +0.7% | 2.13% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 0.04% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +5.9% | 0.02% | +0.00 |
| MDT Medtronic PLC | Add +1.9% | 1.09% | −0.02 |
| BKR Baker Hughes Co. | Add +0.2% | 1.25% | −0.04 |
| PEP Pepsico Inc. | Add +0.6% | 1.24% | −0.09 |
| LMT Lockheed Martin Corp. | Add +3.5% | 1.76% | −0.14 |
| WPM Wheaton Precious Metals Corp. | Add +0.7% | 2.35% | −0.21 |
| WMT Walmart Inc. | Add +0.7% | 8.97% | −0.23 |
| LHX L3HARRIS Technologies Inc. | Add +0.6% | 3.22% | −0.36 |
| T AT&T Inc. | Add +0.3% | 1.54% | −0.48 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 54 | $1.3B | WMT, SH, MSFT, PWR, BRK.B |
| Q1 2026 | 52 | $1.4B | SH, WMT, PWR, MSFT, BRK.B |
| Q4 2025 | 59 | $1.3B | WMT, MSFT, SH, BRK.B, CRM |
| Q3 2025 | 51 | $1.2B | MSFT, WMT, BRK.B, PWR, CRM |
| Q2 2025 | 49 | $1.1B | MSFT, WMT, BRK.B, PWR, ACN |
| Q1 2025 | 53 | $1.2B | WMT, MSFT, BRK.B, SH, CVX |
| Q4 2024 | 50 | $1.1B | MSFT, WMT, PWR, BRK.B, ACN |
| Q3 2024 | 48 | $1.1B | MSFT, WMT, BRK.B, PWR, ACN |
| Q2 2024 | 49 | $1.1B | MSFT, WMT, IJR, BRK.B, PWR |
| Q1 2024 | 46 | $1.1B | MSFT, WMT, IJR, BRK.B, PWR |