Stack Financial Management, Inc
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Stack Financial Management, Inc reported 52 stock positions worth $1.4 billion. Its top holding was Proshares Short S&P500 (SH) at 10.7% of the portfolio, followed by Walmart (WMT, 9.2%) and Quanta Services (PWR, 5.2%). Compared with Q4 2025, it opened 2 new positions, sold out of 9, added to 24 and reduced 25. The biggest buy was Proshares Short S&P500 (SH, shares +53%) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Location
- WHITEFISH, MT
- CIK
- 0001308685
- Portfolio Value
- $1.4B (Q1 2026)
- SEC Filing
- 0001308685-26-000005 ↗ filed May 4, 2026
Holdings Value
Holdings 52 stocks · $1.4B
| SH Proshares Short S&P500 | 10.65% | 3,823,020 | $145.0M | Add +52.6% |
| WMT Walmart Inc. | 9.21% | 1,008,421 | $125.3M | Reduce -1.0% |
| PWR Quanta Services Inc. | 5.23% | 129,665 | $71.2M | Add +0.1% |
| MSFT Microsoft Corp. | 5.03% | 185,075 | $68.5M | Reduce -18.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.20% | 119,229 | $57.1M | Add +0.4% |
| CVX Chevron Corp. | 4.08% | 268,451 | $55.5M | Reduce -0.3% |
| LHX L3HARRIS Technologies Inc. | 3.58% | 141,355 | $48.8M | Reduce -0.3% |
| PSX Phillips 66 | 2.91% | 217,285 | $39.6M | Reduce -0.1% |
| AEP American Electric Power | 2.71% | 281,363 | $36.9M | Reduce -0.4% |
| WPM Wheaton Precious Metals Corp. | 2.56% | 266,163 | $34.9M | Reduce -22.6% |
| WM Waste Management Inc. | 2.47% | 146,166 | $33.6M | Add +0.3% |
| CNP Centerpoint Energy Inc. | 2.28% | 719,100 | $31.0M | Add +0.2% |
| CBOE Cboe Global Markets Inc. | 2.12% | 102,782 | $28.9M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 2.11% | 309,018 | $28.7M | Add +0.1% |
| EOG EOG Resources Inc. | 2.09% | 196,550 | $28.4M | Add +0.5% |
| T AT&T Inc. | 2.02% | 950,175 | $27.5M | Add +0.5% |
| LMT Lockheed Martin Corp. | 1.89% | 42,665 | $25.8M | Reduce -1.7% |
| MRK Merck & Co. Inc. | 1.85% | 209,647 | $25.2M | Reduce -0.3% |
| JNJ Johnson & Johnson | 1.84% | 102,340 | $25.0M | Reduce -1.5% |
| DUK Duke Energy Corp. | 1.83% | 190,154 | $24.9M | Add +1.0% |
| KO The Coca-Cola Co. | 1.77% | 317,716 | $24.2M | Add +0.5% |
| SYK Stryker Corp. | 1.77% | 73,322 | $24.1M | Add +0.6% |
| COP Conocophillips | 1.75% | 180,848 | $23.9M | Reduce -0.2% |
| PCAR Paccar Inc. | 1.73% | 204,178 | $23.6M | Reduce -0.2% |
| UPS United Parcel Service Class B | 1.58% | 219,205 | $21.6M | Add +57.6% |
| CAH Cardinal Health Inc. | 1.58% | 101,997 | $21.6M | Reduce -0.9% |
| EMR Emerson Electric Co. | 1.45% | 150,967 | $19.8M | Reduce -0.7% |
| CI The Cigna Group | 1.43% | 73,102 | $19.5M | Add +0.4% |
| MDLZ Mondelez International Inc. Class A | 1.41% | 332,528 | $19.2M | Add +0.1% |
| LH Labcorp Holdings Inc. | 1.41% | 71,729 | $19.1M | Add +0.1% |
| PEP Pepsico Inc. | 1.33% | 117,045 | $18.2M | Add +0.6% |
| BKR Baker Hughes Co. | 1.29% | 287,391 | $17.5M | Add +0.0% |
| CCK Crown Holdings Inc. | 1.25% | 169,414 | $17.0M | New |
| AEE Ameren Corporation | 1.24% | 153,635 | $16.9M | Add +0.8% |
| DTE DTE Energy Company | 1.19% | 111,204 | $16.3M | Add +0.9% |
| DOV Dover Corp. | 1.15% | 75,066 | $15.6M | Reduce -1.7% |
| MDT Medtronic PLC | 1.11% | 174,706 | $15.1M | Add +0.7% |
| DHR Danaher Corp. | 1.07% | 76,589 | $14.5M | Add +0.3% |
| PG The Procter & Gamble Co. | 0.99% | 93,537 | $13.5M | Add +0.6% |
| AEM Agnico Eagle Mines Ltd. | 0.99% | 66,349 | $13.5M | Reduce -63.0% |
| UNP Union Pacific Corp. | 0.89% | 50,040 | $12.1M | Add +0.5% |
| NEM Newmont Corp. | 0.52% | 64,910 | $7.0M | Reduce -41.5% |
| AAPL Apple Inc. | 0.10% | 5,487 | $1.4M | Reduce -11.1% |
| GDX Vaneck Gold Miners ETF | 0.09% | 13,263 | $1.2M | Reduce -6.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 1,620 | $1.1M | Add +24.2% |
| GOOGL Alphabet Inc. Class A | 0.03% | 1,480 | $426K | Reduce -6.3% |
| GOOG Alphabet Inc. Class C | 0.03% | 1,321 | $379K | No change |
| XLI SS Industrial Select Sector | 0.02% | 2,028 | $328K | Reduce -16.8% |
| XLE SS Energy Select Sector | 0.02% | 5,096 | $312K | Reduce -12.9% |
| XLV SS Health Care Select Sector | 0.02% | 1,770 | $260K | Reduce -21.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.02% | 5,013 | $230K | New |
| XLP SS Consumer Staples Sel Sect | 0.02% | 2,793 | $229K | Reduce -16.5% |
Portfolio Sells Q4 2025 → Q1 2026
| CRM Salesforce Inc. | Sold out | 0.00% | −4.43 |
| MSFT Microsoft Corp. | Reduce -18.3% | 5.03% | −3.33 |
| AEM Agnico Eagle Mines Ltd. | Reduce -63.0% | 0.99% | −1.33 |
| GPC Genuine Parts Co. | Sold out | 0.00% | −0.77 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.77 |
| WPM Wheaton Precious Metals Corp. | Reduce -22.6% | 2.56% | −0.52 |
| NEM Newmont Corp. | Reduce -41.5% | 0.52% | −0.33 |
| EMR Emerson Electric Co. | Reduce -0.7% | 1.45% | −0.09 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.05 |
| CAH Cardinal Health Inc. | Reduce -0.9% | 1.58% | −0.03 |
| AAPL Apple Inc. | Reduce -11.1% | 0.10% | −0.03 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Sold out | 0.00% | −0.02 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.02 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.02 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -21.9% | 0.02% | −0.01 |
| GOOGL Alphabet Inc. Class A | Reduce -6.3% | 0.03% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -16.8% | 0.02% | −0.00 |
| GDX Vaneck Gold Miners ETF | Reduce -6.9% | 0.09% | −0.00 |
| XLP SS Consumer Staples Sel Sect | Reduce -16.5% | 0.02% | −0.00 |
| XLE SS Energy Select Sector | Reduce -12.9% | 0.02% | +0.00 |
| DOV Dover Corp. | Reduce -1.7% | 1.15% | +0.01 |
| PCAR Paccar Inc. | Reduce -0.2% | 1.73% | +0.02 |
| CBOE Cboe Global Markets Inc. | Reduce -0.8% | 2.12% | +0.14 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 1.85% | +0.16 |
| JNJ Johnson & Johnson | Reduce -1.5% | 1.84% | +0.20 |
| AEP American Electric Power | Reduce -0.4% | 2.71% | +0.22 |
| LMT Lockheed Martin Corp. | Reduce -1.7% | 1.89% | +0.29 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.3% | 3.58% | +0.41 |
| COP Conocophillips | Reduce -0.2% | 1.75% | +0.46 |
| WMT Walmart Inc. | Reduce -1.0% | 9.21% | +0.55 |
| PSX Phillips 66 | Reduce -0.1% | 2.91% | +0.77 |
| CVX Chevron Corp. | Reduce -0.3% | 4.08% | +0.95 |
Portfolio Buys Q4 2025 → Q1 2026
| SH Proshares Short S&P500 | Add +52.6% | 10.65% | +3.77 |
| CCK Crown Holdings Inc. | New | 1.25% | +1.25 |
| PWR Quanta Services Inc. | Add +0.1% | 5.23% | +1.06 |
| UPS United Parcel Service Class B | Add +57.6% | 1.58% | +0.53 |
| EOG EOG Resources Inc. | Add +0.5% | 2.09% | +0.52 |
| BKR Baker Hughes Co. | Add +0.0% | 1.29% | +0.29 |
| T AT&T Inc. | Add +0.5% | 2.02% | +0.23 |
| NEE Nextera Energy Inc. | Add +0.1% | 2.11% | +0.22 |
| CNP Centerpoint Energy Inc. | Add +0.2% | 2.28% | +0.18 |
| DUK Duke Energy Corp. | Add +1.0% | 1.83% | +0.15 |
| DTE DTE Energy Company | Add +0.9% | 1.19% | +0.11 |
| KO The Coca-Cola Co. | Add +0.5% | 1.77% | +0.09 |
| AEE Ameren Corporation | Add +0.8% | 1.24% | +0.08 |
| PEP Pepsico Inc. | Add +0.6% | 1.33% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Add +0.1% | 1.41% | +0.04 |
| LH Labcorp Holdings Inc. | Add +0.1% | 1.41% | +0.03 |
| WM Waste Management Inc. | Add +0.3% | 2.47% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.02% | +0.02 |
| UNP Union Pacific Corp. | Add +0.5% | 0.89% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +24.2% | 0.08% | +0.01 |
| PG The Procter & Gamble Co. | Add +0.6% | 0.99% | −0.02 |
| CI The Cigna Group | Add +0.4% | 1.43% | −0.10 |
| MDT Medtronic PLC | Add +0.7% | 1.11% | −0.16 |
| SYK Stryker Corp. | Add +0.6% | 1.77% | −0.18 |
| DHR Danaher Corp. | Add +0.3% | 1.07% | −0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.4% | 4.20% | −0.35 |
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 |