Stack Financial Management, Inc
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Stack Financial Management, Inc reported 49 stock positions worth $1.1 billion. Its top holding was Microsoft (MSFT) at 10.3% of the portfolio, followed by Walmart (WMT, 9.1%) and Berkshire Hathaway Class B (BRK.B, 5.1%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 2 and reduced 42. The biggest buy was a new position in Nextera Energy (NEE) and the biggest sale an exit from Proshares Short S&P500 (SH).
- Most Recent 13F
- Q2 2026
- Location
- WHITEFISH, MT
- CIK
- 0001308685
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001308685-25-000009 ↗ filed Jul 25, 2025
Holdings Value
Holdings 49 stocks · $1.1B
| MSFT Microsoft Corp. | 10.29% | 234,085 | $116.4M | Reduce -2.2% |
| WMT Walmart Inc. | 9.10% | 1,053,588 | $103.0M | Reduce -1.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.14% | 119,703 | $58.1M | Reduce -1.5% |
| PWR Quanta Services Inc. | 4.48% | 134,183 | $50.7M | Reduce -1.6% |
| ACN Accenture PLC Class A | 3.61% | 136,871 | $40.9M | Reduce -1.4% |
| CVX Chevron Corp. | 3.48% | 274,987 | $39.4M | Reduce -1.2% |
| LHX L3HARRIS Technologies Inc. | 3.21% | 144,821 | $36.3M | Reduce -1.7% |
| WM Waste Management Inc. | 2.96% | 146,517 | $33.5M | Reduce -1.1% |
| WPM Wheaton Precious Metals Corp. | 2.80% | 352,725 | $31.7M | Reduce -1.6% |
| AEM Agnico Eagle Mines Ltd. | 2.70% | 256,951 | $30.6M | Reduce -31.0% |
| AEP American Electric Power | 2.67% | 291,369 | $30.2M | Reduce -1.6% |
| SYK Stryker Corp. | 2.56% | 73,347 | $29.0M | Reduce -1.3% |
| CNP Centerpoint Energy Inc. | 2.35% | 723,097 | $26.6M | Reduce -1.1% |
| PSX Phillips 66 | 2.34% | 221,856 | $26.5M | Reduce -1.0% |
| CBOE Cboe Global Markets Inc. | 2.20% | 106,576 | $24.9M | Reduce -1.6% |
| CI The Cigna Group | 2.14% | 73,127 | $24.2M | Reduce -1.8% |
| EOG EOG Resources Inc. | 2.12% | 200,582 | $24.0M | Reduce -1.4% |
| MDLZ Mondelez International Inc. Class A | 2.03% | 341,414 | $23.0M | Reduce -1.4% |
| KO The Coca-Cola Co. | 2.01% | 322,265 | $22.8M | Reduce -1.8% |
| DUK Duke Energy Corp. | 2.01% | 192,354 | $22.7M | Reduce -1.3% |
| NEE Nextera Energy Inc. | 1.93% | 315,237 | $21.9M | New |
| EMR Emerson Electric Co. | 1.86% | 157,628 | $21.0M | Reduce -2.4% |
| LMT Lockheed Martin Corp. | 1.84% | 44,992 | $20.8M | Reduce -2.2% |
| PCAR Paccar Inc. | 1.75% | 208,531 | $19.8M | Reduce -1.4% |
| LH Labcorp Holdings Inc. | 1.71% | 73,567 | $19.3M | Reduce -1.4% |
| CAH Cardinal Health Inc. | 1.55% | 104,507 | $17.6M | Reduce -1.6% |
| MRK Merck & Co. Inc. | 1.52% | 216,759 | $17.2M | Reduce -1.8% |
| JNJ Johnson & Johnson | 1.47% | 109,012 | $16.7M | Reduce -1.9% |
| COP Conocophillips | 1.46% | 184,761 | $16.6M | Reduce -0.6% |
| PEP Pepsico Inc. | 1.38% | 118,499 | $15.6M | Reduce -1.6% |
| MDT Medtronic PLC | 1.37% | 178,053 | $15.5M | Reduce -1.6% |
| DHR Danaher Corp. | 1.34% | 76,968 | $15.2M | Reduce -0.8% |
| PG The Procter & Gamble Co. | 1.34% | 95,261 | $15.2M | Reduce -1.5% |
| AEE Ameren Corporation | 1.32% | 155,109 | $14.9M | Reduce -1.1% |
| DTE DTE Energy Company | 1.30% | 111,303 | $14.7M | Reduce -0.9% |
| DOV Dover Corp. | 1.30% | 80,274 | $14.7M | Reduce -2.1% |
| AMT American Tower Corp. | 1.15% | 58,910 | $13.0M | New |
| UNP Union Pacific Corp. | 1.01% | 49,860 | $11.5M | Reduce -1.3% |
| NEM Newmont Corp. | 1.01% | 195,488 | $11.4M | Reduce -34.3% |
| BKR Baker Hughes Co. | 0.98% | 288,208 | $11.0M | Reduce -1.7% |
| GPC Genuine Parts Co. | 0.92% | 85,764 | $10.4M | Reduce -2.0% |
| GDX Vaneck Gold Miners ETF | 0.08% | 16,957 | $883K | Reduce -22.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 1,378 | $851K | No change |
| AAPL Apple Inc. | 0.04% | 2,096 | $430K | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 0.03% | 1,091 | $316K | No change |
| XLI SS Industrial Select Sector | 0.03% | 2,130 | $314K | Reduce -0.4% |
| XLV SS Health Care Select Sector | 0.02% | 1,643 | $221K | Add +2.8% |
| ITW Illinois Tool Works | 0.02% | 860 | $213K | No change |
| XLE SS Energy Select Sector | 0.02% | 2,473 | $210K | Add +1.6% |
Portfolio Sells Q1 2025 → Q2 2025
| SH Proshares Short S&P500 | Sold out | 0.00% | −4.63 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −2.22 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −1.31 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.93 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.86 |
| AEM Agnico Eagle Mines Ltd. | Reduce -31.0% | 2.70% | −0.66 |
| CVX Chevron Corp. | Reduce -1.2% | 3.48% | −0.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.5% | 5.14% | −0.25 |
| NEM Newmont Corp. | Reduce -34.3% | 1.01% | −0.19 |
| COP Conocophillips | Reduce -0.6% | 1.46% | −0.16 |
| MRK Merck & Co. Inc. | Reduce -1.8% | 1.52% | −0.14 |
| PEP Pepsico Inc. | Reduce -1.6% | 1.38% | −0.12 |
| BKR Baker Hughes Co. | Reduce -1.7% | 0.98% | −0.10 |
| JNJ Johnson & Johnson | Reduce -1.9% | 1.47% | −0.06 |
| EOG EOG Resources Inc. | Reduce -1.4% | 2.12% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 1.34% | −0.03 |
| AEP American Electric Power | Reduce -1.6% | 2.67% | −0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.02 |
| GDX Vaneck Gold Miners ETF | Reduce -22.7% | 0.08% | −0.01 |
| AAPL Apple Inc. | Reduce -2.1% | 0.04% | −0.00 |
| AEE Ameren Corporation | Reduce -1.1% | 1.32% | +0.00 |
| XLI SS Industrial Select Sector | Reduce -0.4% | 0.03% | +0.00 |
| ACN Accenture PLC Class A | Reduce -1.4% | 3.61% | +0.01 |
| DTE DTE Energy Company | Reduce -0.9% | 1.30% | +0.01 |
| MDT Medtronic PLC | Reduce -1.6% | 1.37% | +0.02 |
| DHR Danaher Corp. | Reduce -0.8% | 1.34% | +0.02 |
| UNP Union Pacific Corp. | Reduce -1.3% | 1.01% | +0.02 |
| DUK Duke Energy Corp. | Reduce -1.3% | 2.01% | +0.03 |
| PSX Phillips 66 | Reduce -1.0% | 2.34% | +0.03 |
| PCAR Paccar Inc. | Reduce -1.4% | 1.75% | +0.04 |
| GPC Genuine Parts Co. | Reduce -2.0% | 0.92% | +0.05 |
| KO The Coca-Cola Co. | Reduce -1.8% | 2.01% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.4% | 2.03% | +0.08 |
| CI The Cigna Group | Reduce -1.8% | 2.14% | +0.10 |
| DOV Dover Corp. | Reduce -2.1% | 1.30% | +0.10 |
| WM Waste Management Inc. | Reduce -1.1% | 2.96% | +0.10 |
| LMT Lockheed Martin Corp. | Reduce -2.2% | 1.84% | +0.13 |
| CNP Centerpoint Energy Inc. | Reduce -1.1% | 2.35% | +0.14 |
| CBOE Cboe Global Markets Inc. | Reduce -1.6% | 2.20% | +0.15 |
| LH Labcorp Holdings Inc. | Reduce -1.4% | 1.71% | +0.26 |
| SYK Stryker Corp. | Reduce -1.3% | 2.56% | +0.26 |
| CAH Cardinal Health Inc. | Reduce -1.6% | 1.55% | +0.33 |
| EMR Emerson Electric Co. | Reduce -2.4% | 1.86% | +0.38 |
| WPM Wheaton Precious Metals Corp. | Reduce -1.6% | 2.80% | +0.48 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.7% | 3.21% | +0.64 |
| WMT Walmart Inc. | Reduce -1.9% | 9.10% | +1.25 |
| PWR Quanta Services Inc. | Reduce -1.6% | 4.48% | +1.59 |
| MSFT Microsoft Corp. | Reduce -2.2% | 10.29% | +2.80 |
Portfolio Buys Q1 2025 → Q2 2025
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 |