Talbot Financial, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 21, 2026), Talbot Financial, LLC reported 68 stock positions worth $1.2 billion. Its top holding was Microsoft (MSFT) at 9.9% of the portfolio, followed by Apple (AAPL, 9.4%) and Alphabet Class C (GOOG, 5.5%). Compared with Q3 2025, it opened 3 new positions, sold out of 2, added to 28 and reduced 20. The biggest buy was Meta Platforms Class A (META, shares +6364%) and the biggest sale Adobe (ADBE, shares −89%).
- Most Recent 13F
- Q2 2026
- Location
- BELLEVUE, WA
- CIK
- 0001966180
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001966180-26-000002 ↗ filed Jan 21, 2026
Holdings Value
Holdings 68 stocks · $1.2B
| MSFT Microsoft Corp. | 9.86% | 247,767 | $119.8M | Add +0.1% |
| AAPL Apple Inc. | 9.40% | 420,204 | $114.2M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 5.49% | 212,648 | $66.7M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 5.34% | 280,868 | $64.8M | Add +0.5% |
| NVDA Nvidia Corp. | 4.71% | 307,032 | $57.3M | Add +11.2% |
| GS Goldman Sachs Group Inc. | 3.41% | 47,167 | $41.5M | Reduce -0.9% |
| AMAT Applied Materials Inc. | 3.31% | 156,578 | $40.2M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 3.16% | 35,690 | $38.4M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 2.87% | 108,292 | $34.9M | Reduce -0.3% |
| JNJ Johnson & Johnson | 2.37% | 139,216 | $28.8M | Add +0.6% |
| ABBV Abbvie Inc. | 2.29% | 121,735 | $27.8M | Add +0.7% |
| INTU Intuit Inc. | 2.13% | 39,126 | $25.9M | Reduce -0.7% |
| CRM Salesforce Inc. | 1.97% | 90,428 | $24.0M | Add +1.1% |
| CVX Chevron Corp. | 1.95% | 155,701 | $23.7M | Add +1.1% |
| V Visa Inc. Class A | 1.90% | 65,650 | $23.0M | Add +0.7% |
| AVGO Broadcom Inc. | 1.89% | 66,504 | $23.0M | Add +0.6% |
| CB Chubb Ltd. | 1.77% | 68,897 | $21.5M | Add +0.6% |
| SYK Stryker Corp. | 1.61% | 55,619 | $19.5M | Reduce -0.2% |
| AMGN Amgen Inc. | 1.58% | 58,660 | $19.2M | Reduce 0.0% |
| SCHW Schwab (charles) Corp. | 1.58% | 191,622 | $19.1M | Reduce -0.6% |
| HON Honeywell International Inc. | 1.50% | 93,302 | $18.2M | Add +1.5% |
| MDT Medtronic PLC | 1.49% | 188,819 | $18.1M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 1.49% | 234,468 | $18.1M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 1.49% | 20,929 | $18.0M | Reduce -1.7% |
| NOC Northrop Grumman Corp. | 1.47% | 31,241 | $17.8M | Add +0.2% |
| HD Home Depot Inc. | 1.45% | 51,123 | $17.6M | Add +1.4% |
| GEV GE Vernova Inc. | 1.38% | 25,604 | $16.7M | Add +6.5% |
| SNPS Synopsys Inc. | 1.37% | 35,418 | $16.6M | Reduce -3.2% |
| NFLX Netflix Inc. | 1.35% | 175,117 | $16.4M | Add +0.7% |
| MRK Merck & Co. Inc. | 1.34% | 155,070 | $16.3M | Add +0.6% |
| BLK BlackRock Inc. | 1.29% | 14,662 | $15.7M | Add +1.0% |
| TMO Thermo Fisher Scientific Inc. | 1.26% | 26,508 | $15.4M | Add +0.5% |
| NOW ServiceNow Inc. | 1.21% | 95,576 | $14.6M | Reduce -5.0% |
| EMR Emerson Electric Co. | 1.15% | 105,256 | $14.0M | Add +0.4% |
| TRV The Travelers Cos Inc. | 1.12% | 46,786 | $13.6M | Add +2.6% |
| PG The Procter & Gamble Co. | 1.08% | 91,256 | $13.1M | Reduce -3.0% |
| ROK Rockwell Automation Inc. | 1.04% | 32,569 | $12.7M | Add +0.9% |
| META Meta Platforms Inc. Class A | 0.97% | 17,904 | $11.8M | Add +6363.5% |
| MA Mastercard Inc. Class A | 0.93% | 19,702 | $11.2M | Add +0.7% |
| WFC Wells Fargo & Co. | 0.90% | 117,630 | $11.0M | Add +0.3% |
| PM Philip Morris International | 0.89% | 67,665 | $10.9M | New |
| MCD McDonald's Corp. | 0.89% | 35,335 | $10.8M | Add +0.8% |
| T AT&T Inc. | 0.86% | 422,027 | $10.5M | Add +5.5% |
| UBER Uber Technologies Inc. | 0.84% | 125,556 | $10.3M | Add +1.0% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.82% | 38,547 | $10.0M | Reduce -3.3% |
| GOOGL Alphabet Inc. Class A | 0.36% | 13,928 | $4.4M | Reduce -2.2% |
| FFIV F5 Inc. | 0.29% | 13,917 | $3.6M | No change |
| WAFD Wafd Inc. | 0.20% | 77,586 | $2.5M | No change |
| ADBE Adobe Inc. | 0.17% | 5,768 | $2.0M | Reduce -88.8% |
| XOM Exxon Mobil Corp. | 0.13% | 13,000 | $1.6M | No change |
| SHW The Sherwin-Williams Co. | 0.08% | 3,176 | $1.0M | No change |
| PEP Pepsico Inc. | 0.08% | 6,691 | $960K | Reduce -91.7% |
| WK Workiva Inc. | 0.07% | 10,500 | $906K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 2,300 | $681K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.05% | 1,301 | $654K | No change |
| WMT Walmart Inc. | 0.04% | 4,308 | $480K | Add +56.9% |
| ABT Abbott Laboratories | 0.03% | 2,804 | $351K | No change |
| AXP American Express Co. | 0.03% | 900 | $333K | No change |
| CDNS Cadence Design SYS Inc. | 0.03% | 1,000 | $313K | No change |
| MAR Marriott International Class A | 0.03% | 1,007 | $312K | New |
| UNP Union Pacific Corp. | 0.02% | 1,300 | $301K | No change |
| MCK McKesson Corp. | 0.02% | 351 | $288K | No change |
| EXPD Expeditors Intl Wash Inc. | 0.02% | 1,750 | $261K | No change |
| ORCL Oracle Corp. | 0.02% | 1,300 | $253K | No change |
| ADP Automatic Data Processing | 0.02% | 900 | $232K | No change |
| DY Dycom Industries Inc. | 0.02% | 650 | $220K | New |
| BA The Boeing Co. | 0.02% | 950 | $206K | No change |
| LMT Lockheed Martin Corp. | 0.02% | 423 | $205K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| ADBE Adobe Inc. | Reduce -88.8% | 0.17% | −1.36 |
| PEP Pepsico Inc. | Reduce -91.7% | 0.08% | −0.88 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.65 |
| NOW ServiceNow Inc. | Reduce -5.0% | 1.21% | −0.36 |
| AJG Arthur J Gallagher & Co. | Reduce -3.3% | 0.82% | −0.22 |
| COST Costco Wholesale Corp. | Reduce -1.7% | 1.49% | −0.18 |
| SNPS Synopsys Inc. | Reduce -3.2% | 1.37% | −0.16 |
| PG The Procter & Gamble Co. | Reduce -3.0% | 1.08% | −0.15 |
| INTU Intuit Inc. | Reduce -0.7% | 2.13% | −0.14 |
| SYK Stryker Corp. | Reduce -0.2% | 1.61% | −0.13 |
| MDT Medtronic PLC | Reduce -1.0% | 1.49% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 2.87% | −0.03 |
| FNMA Fannie Mae | Sold out | 0.00% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -0.6% | 1.58% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -2.2% | 0.36% | +0.07 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 1.49% | +0.13 |
| AMGN Amgen Inc. | Reduce 0.0% | 1.58% | +0.18 |
| GS Goldman Sachs Group Inc. | Reduce -0.9% | 3.41% | +0.20 |
| AAPL Apple Inc. | Reduce -0.7% | 9.40% | +0.28 |
| AMAT Applied Materials Inc. | Reduce -1.2% | 3.31% | +0.57 |
| LLY Eli Lilly & Co. | Reduce -1.8% | 3.16% | +0.81 |
| GOOG Alphabet Inc. Class C | Reduce -2.0% | 5.49% | +1.02 |
Portfolio Buys Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Add +6363.5% | 0.97% | +0.96 |
| PM Philip Morris International | New | 0.89% | +0.89 |
| NVDA Nvidia Corp. | Add +11.2% | 4.71% | +0.35 |
| MRK Merck & Co. Inc. | Add +0.6% | 1.34% | +0.25 |
| JNJ Johnson & Johnson | Add +0.6% | 2.37% | +0.20 |
| TMO Thermo Fisher Scientific Inc. | Add +0.5% | 1.26% | +0.18 |
| CRM Salesforce Inc. | Add +1.1% | 1.97% | +0.18 |
| AMZN Amazon.com Inc. | Add +0.5% | 5.34% | +0.14 |
| CB Chubb Ltd. | Add +0.6% | 1.77% | +0.13 |
| GEV GE Vernova Inc. | Add +6.5% | 1.38% | +0.13 |
| ROK Rockwell Automation Inc. | Add +0.9% | 1.04% | +0.09 |
| WFC Wells Fargo & Co. | Add +0.3% | 0.90% | +0.07 |
| AVGO Broadcom Inc. | Add +0.6% | 1.89% | +0.05 |
| TRV The Travelers Cos Inc. | Add +2.6% | 1.12% | +0.04 |
| MAR Marriott International Class A | New | 0.03% | +0.03 |
| DY Dycom Industries Inc. | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +56.9% | 0.04% | +0.02 |
| V Visa Inc. Class A | Add +0.7% | 1.90% | +0.01 |
| MCD McDonald's Corp. | Add +0.8% | 0.89% | −0.01 |
| EMR Emerson Electric Co. | Add +0.4% | 1.15% | −0.01 |
| MA Mastercard Inc. Class A | Add +0.7% | 0.93% | −0.02 |
| CVX Chevron Corp. | Add +1.1% | 1.95% | −0.07 |
| ABBV Abbvie Inc. | Add +0.7% | 2.29% | −0.08 |
| T AT&T Inc. | Add +5.5% | 0.86% | −0.09 |
| HON Honeywell International Inc. | Add +1.5% | 1.50% | −0.14 |
| BLK BlackRock Inc. | Add +1.0% | 1.29% | −0.14 |
| NOC Northrop Grumman Corp. | Add +0.2% | 1.47% | −0.14 |
| UBER Uber Technologies Inc. | Add +1.0% | 0.84% | −0.19 |
| HD Home Depot Inc. | Add +1.4% | 1.45% | −0.28 |
| NFLX Netflix Inc. | Add +0.7% | 1.35% | −0.41 |
| MSFT Microsoft Corp. | Add +0.1% | 9.86% | −0.98 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 71 | $1.4B | AAPL, AMAT, MSFT, GOOG, NVDA |
| Q1 2026 | 66 | $1.2B | AAPL, MSFT, GOOG, AMZN, NVDA |
| Q4 2025 | 68 | $1.2B | MSFT, AAPL, GOOG, AMZN, NVDA |
| Q3 2025 | 67 | $1.2B | MSFT, AAPL, AMZN, GOOG, NVDA |
| Q2 2025 | 63 | $1.1B | MSFT, AAPL, AMZN, NVDA, GOOGL |
| Q1 2025 | 62 | $798.3M | AAPL, MSFT, AMZN, GOOGL, NVDA |
| Q4 2024 | 65 | $840.8M | AAPL, MSFT, AMZN, GOOG, NVDA |
| Q3 2024 | 61 | $821.4M | MSFT, AAPL, AMZN, GOOG, NVDA |
| Q2 2024 | 58 | $774.8M | MSFT, AAPL, AMZN, GOOG, AMAT |
| Q1 2024 | 60 | $747.4M | MSFT, AAPL, AMZN, GOOG, AMAT |