TCV Trust & Wealth Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), TCV Trust & Wealth Management, Inc. reported 228 stock positions worth $1.2 billion. Its top holding was Broadcom (AVGO) at 6.0% of the portfolio, followed by Microsoft (MSFT, 4.5%) and SS SPDR P Int C Corp. ETF (SPIB, 4.1%). Compared with Q3 2025, it opened 11 new positions, sold out of 6, added to 87 and reduced 72. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001135439
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001140361-26-002130 ↗ filed Jan 23, 2026
Holdings Value
Holdings 228 stocks · $1.2B
| AVGO Broadcom Inc. | 6.05% | 216,364 | $74.9M | Reduce -2.3% |
| MSFT Microsoft Corp. | 4.51% | 115,474 | $55.8M | Reduce -0.1% |
| SPIB SS SPDR P Int C Corp. ETF | 4.10% | 1,501,070 | $50.8M | Add +6.8% |
| GVI iShares Intermediate Governm | 3.87% | 446,728 | $48.0M | Add +6.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.68% | 157,113 | $45.6M | Add +1.1% |
| AAPL Apple Inc. | 3.62% | 165,005 | $44.9M | Add +0.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.58% | 171,826 | $44.3M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.18% | 57,672 | $39.3M | Add +8.3% |
| JPM JPMorgan Chase & Co. | 2.26% | 86,824 | $28.0M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 2.04% | 23,506 | $25.3M | Add +1.0% |
| V Visa Inc. Class A | 1.92% | 67,862 | $23.8M | Reduce -0.1% |
| XLC SS Comm Select Sector SPDR | 1.90% | 200,371 | $23.6M | Add +1.8% |
| CSCO Cisco Systems Inc. | 1.70% | 273,723 | $21.1M | Add +0.2% |
| AMZN Amazon.com Inc. | 1.70% | 91,267 | $21.1M | Add +2.2% |
| JNJ Johnson & Johnson | 1.70% | 101,483 | $21.0M | Add +1.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.68% | 135,474 | $20.8M | Reduce -0.5% |
| BLK BlackRock Inc. | 1.64% | 18,946 | $20.3M | New |
| AMGN Amgen Inc. | 1.52% | 57,431 | $18.8M | Add +1.9% |
| CB Chubb Ltd. | 1.40% | 55,593 | $17.4M | Add +0.1% |
| GLW Corning Inc. | 1.38% | 194,701 | $17.0M | Add +1.9% |
| VIOO Vanguard S&P Small-Cap 600 E | 1.36% | 151,826 | $16.8M | Add +0.5% |
| VNQ Vanguard Real Estate ETF | 1.35% | 188,493 | $16.7M | Add +3.7% |
| XLK SS Technology Select Sector | 1.31% | 112,886 | $16.3M | Add +0.9% |
| HD Home Depot Inc. | 1.29% | 46,385 | $16.0M | Add +1.8% |
| ABT Abbott Laboratories | 1.25% | 123,773 | $15.5M | Add +3.9% |
| NVDA Nvidia Corp. | 1.24% | 82,623 | $15.4M | Add +3.7% |
| WM Waste Management Inc. | 1.17% | 66,028 | $14.5M | Add +0.3% |
| CVX Chevron Corp. | 1.16% | 94,250 | $14.4M | Add +1.6% |
| ADP Automatic Data Processing | 1.14% | 54,991 | $14.1M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 1.12% | 42,129 | $13.9M | Add +1.4% |
| FAST Fastenal Co. | 1.10% | 340,817 | $13.7M | Add +0.0% |
| PG The Procter & Gamble Co. | 1.09% | 93,911 | $13.5M | Add +0.2% |
| WMB Williams Cos Inc. | 1.02% | 211,047 | $12.7M | Add +1.5% |
| PEP Pepsico Inc. | 0.99% | 85,618 | $12.3M | Reduce -0.5% |
| USB US Bancorp | 0.98% | 228,431 | $12.2M | Add +1.4% |
| ORLY O'reilly Automotive Inc. | 0.96% | 129,849 | $11.8M | Add +1.7% |
| CSX CSX Corp. | 0.95% | 325,410 | $11.8M | Add +0.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.95% | 142,070 | $11.8M | Add +1.9% |
| NOC Northrop Grumman Corp. | 0.94% | 20,403 | $11.6M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.91% | 13,080 | $11.3M | Add +1.6% |
| XLB SS Materials Select Sector | 0.89% | 242,466 | $11.0M | Add +2.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.87% | 252,658 | $10.8M | Add +2.3% |
| PM Philip Morris International | 0.83% | 64,395 | $10.3M | Add +6.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.75% | 103,571 | $9.3M | Add +0.2% |
| ADBE Adobe Inc. | 0.72% | 25,380 | $8.9M | Reduce -5.1% |
| XLV SS Health Care Select Sector | 0.71% | 56,624 | $8.8M | Add +9.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.67% | 80,885 | $8.3M | Reduce -0.4% |
| ACN Accenture PLC Class A | 0.64% | 29,753 | $8.0M | Reduce -3.4% |
| LOW Lowe's Cos Inc. | 0.61% | 31,078 | $7.5M | Reduce -2.1% |
| ZTS Zoetis Inc. | 0.60% | 59,551 | $7.5M | Reduce -12.4% |
| XLF SS Financial Select Sector | 0.56% | 125,648 | $6.9M | Add +4.1% |
| INTU Intuit Inc. | 0.50% | 9,269 | $6.1M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.49% | 58,183 | $6.1M | Reduce -0.3% |
| IWR iShares Russell Mid-Cap ETF | 0.49% | 63,311 | $6.1M | Reduce -0.5% |
| ORCL Oracle Corp. | 0.49% | 30,985 | $6.0M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 11,616 | $5.8M | Add +1.4% |
| O Realty Income Corp. | 0.47% | 102,240 | $5.8M | Reduce -0.8% |
| XLY SS Consumer Disc Select Sect | 0.45% | 46,688 | $5.6M | Add +2.7% |
| IWM iShares Russell 2000 ETF | 0.42% | 21,197 | $5.2M | Reduce -0.7% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.40% | 56,907 | $4.9M | Add +2.2% |
| NSC Norfolk Southern Corp. | 0.39% | 16,734 | $4.8M | Reduce -9.1% |
| XLI SS Industrial Select Sector | 0.39% | 31,125 | $4.8M | Reduce -0.2% |
| IXUS iShares Core Intl Stock ETF | 0.39% | 56,940 | $4.8M | Reduce -1.4% |
| MCD McDonald's Corp. | 0.37% | 15,019 | $4.6M | Add +1.4% |
| VONG Vanguard Russell 1000 Growth | 0.36% | 36,408 | $4.4M | Add +31.6% |
| WMT Walmart Inc. | 0.33% | 37,081 | $4.1M | Add +0.3% |
| BF.B Brown-Forman Corp. Class B | 0.30% | 141,520 | $3.7M | Add +1.3% |
| XOM Exxon Mobil Corp. | 0.28% | 28,559 | $3.4M | Add +1.7% |
| KO The Coca-Cola Co. | 0.26% | 46,001 | $3.2M | Add +1.3% |
| ABBV Abbvie Inc. | 0.25% | 13,302 | $3.0M | Add +0.5% |
| MO Altria Group Inc. | 0.24% | 51,645 | $3.0M | Add +4.7% |
| D Dominion Energy Inc. | 0.23% | 48,351 | $2.8M | Reduce -1.0% |
| VOO Vanguard S&P 500 ETF | 0.23% | 4,511 | $2.8M | Add +2.4% |
| XLP SS Consumer Staples Sel Sect | 0.21% | 33,565 | $2.6M | Add +2.7% |
| GOOGL Alphabet Inc. Class A | 0.18% | 6,988 | $2.2M | Add +3.1% |
| RTX RTX Corp. | 0.17% | 11,652 | $2.1M | Reduce -1.8% |
| XLE SS Energy Select Sector | 0.17% | 46,600 | $2.1M | Add +2.1% |
| IWF iShares Russell 1000 Growth | 0.17% | 4,379 | $2.1M | No change |
| IVV iShares Core S&P 500 ETF | 0.16% | 2,884 | $2.0M | Reduce -10.4% |
| VZ Verizon Communications Inc. | 0.15% | 44,729 | $1.8M | Add +1.3% |
| DE Deere & Co. | 0.15% | 3,884 | $1.8M | Add +4.9% |
| SYK Stryker Corp. | 0.13% | 4,715 | $1.7M | Reduce -0.9% |
| MDLZ Mondelez International Inc. Class A | 0.13% | 29,333 | $1.6M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.13% | 6,704 | $1.6M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.12% | 4,927 | $1.5M | Add +7.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.12% | 2 | $1.5M | No change |
| AMAT Applied Materials Inc. | 0.12% | 5,828 | $1.5M | Reduce -2.7% |
| TPR Tapestry Inc. | 0.12% | 11,596 | $1.5M | No change |
| IVW iShares S&P 500 Growth ETF | 0.12% | 11,796 | $1.5M | No change |
| ISRG Intuitive Surgical Inc. | 0.10% | 2,245 | $1.3M | No change |
| IJR iShares Core S&P Small-Cap E | 0.10% | 10,445 | $1.3M | Reduce -0.6% |
| DUK Duke Energy Corp. | 0.10% | 10,684 | $1.3M | Add +2.5% |
| DGRW Wisdomtree U.S. Quality Divi | 0.10% | 13,884 | $1.2M | No change |
| MUB iShares National Muni Bond E | 0.10% | 11,538 | $1.2M | Reduce -0.9% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 22,619 | $1.2M | Reduce -1.8% |
| BF.A Brown-Forman Corp. Class A | 0.10% | 45,400 | $1.2M | No change |
| AGG iShares Core U.S. Aggregate | 0.09% | 11,329 | $1.1M | No change |
| T AT&T Inc. | 0.09% | 44,486 | $1.1M | Reduce -1.4% |
| EFA iShares MSCI Eafe ETF | 0.09% | 11,442 | $1.1M | Reduce -0.1% |
| NRG NRG Energy Inc. | 0.09% | 6,810 | $1.1M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.1% | 4.51% | −0.50 |
| ORCL Oracle Corp. | Reduce -0.4% | 0.49% | −0.25 |
| ZTS Zoetis Inc. | Reduce -12.4% | 0.60% | −0.23 |
| AVGO Broadcom Inc. | Reduce -2.3% | 6.05% | −0.07 |
| ADBE Adobe Inc. | Reduce -5.1% | 0.72% | −0.07 |
| NSC Norfolk Southern Corp. | Reduce -9.1% | 0.39% | −0.07 |
| LOW Lowe's Cos Inc. | Reduce -2.1% | 0.61% | −0.06 |
| O Realty Income Corp. | Reduce -0.8% | 0.47% | −0.06 |
| HBI Hanesbrands Inc. | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Reduce -0.4% | 0.50% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 2.26% | −0.04 |
| TROW T Rowe Price Group Inc. | Reduce -0.4% | 0.67% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.9% | 0.13% | −0.03 |
| TDIV FT Nasdaq Tech DVD Index FD | Sold out | 0.00% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.5% | 0.49% | −0.02 |
| D Dominion Energy Inc. | Reduce -1.0% | 0.23% | −0.02 |
| V Visa Inc. Class A | Reduce -0.1% | 1.92% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -10.4% | 0.16% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.5% | 0.99% | −0.02 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.02 |
| FISV Fiserv Inc. | Reduce -5.5% | 0.02% | −0.02 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.02 |
| T AT&T Inc. | Reduce -1.4% | 0.09% | −0.02 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -30.4% | 0.03% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -2.4% | 0.05% | −0.01 |
| SYK Stryker Corp. | Reduce -0.9% | 0.13% | −0.01 |
| XLI SS Industrial Select Sector | Reduce -0.2% | 0.39% | −0.01 |
| GD General Dynamics Corp. | Reduce -32.4% | 0.02% | −0.01 |
| ITW Illinois Tool Works | Reduce -3.1% | 0.09% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -0.7% | 0.42% | −0.01 |
| TSCO Tractor Supply Company | Reduce -10.9% | 0.03% | −0.01 |
| ICF iShares Select U.S. REIT ETF | Reduce -4.5% | 0.09% | −0.01 |
| IXUS iShares Core Intl Stock ETF | Reduce -1.4% | 0.39% | −0.01 |
| BRBS Blue Ridge Bankshares Inc. | Sold out | 0.00% | −0.01 |
| RGCO RGC Resources Inc. | Reduce -1.2% | 0.08% | −0.01 |
| UNP Union Pacific Corp. | Reduce -0.4% | 0.13% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -28.2% | 0.02% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -21.2% | 0.02% | −0.01 |
| CARR Carrier Global Corp. | Reduce -2.3% | 0.03% | −0.01 |
| CPB The Campbell's Company | Reduce -1.3% | 0.03% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -4.5% | 0.07% | −0.01 |
| NKE Nike Inc. Class B | Reduce -1.3% | 0.04% | −0.01 |
| LIN Linde PLC | Reduce -3.1% | 0.03% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -11.8% | 0.03% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.3% | 0.08% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.2% | 0.04% | −0.00 |
| MUB iShares National Muni Bond E | Reduce -0.9% | 0.10% | −0.00 |
| BDX Becton Dickinson and Co. | Reduce -11.7% | 0.03% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.6% | 0.10% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| BLK BlackRock Inc. | New | 1.64% | +1.64 |
| LLY Eli Lilly & Co. | Add +1.0% | 2.04% | +0.55 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.3% | 3.18% | +0.21 |
| AMGN Amgen Inc. | Add +1.9% | 1.52% | +0.19 |
| JNJ Johnson & Johnson | Add +1.5% | 1.70% | +0.14 |
| CSCO Cisco Systems Inc. | Add +0.2% | 1.70% | +0.14 |
| AAPL Apple Inc. | Add +0.6% | 3.62% | +0.12 |
| SPIB SS SPDR P Int C Corp. ETF | Add +6.8% | 4.10% | +0.11 |
| XLV SS Health Care Select Sector | Add +9.8% | 0.71% | +0.11 |
| GVI iShares Intermediate Governm | Add +6.5% | 3.87% | +0.10 |
| CB Chubb Ltd. | Add +0.1% | 1.40% | +0.09 |
| VONG Vanguard Russell 1000 Growth | Add +31.6% | 0.36% | +0.08 |
| USB US Bancorp | Add +1.4% | 0.98% | +0.07 |
| GLW Corning Inc. | Add +1.9% | 1.38% | +0.06 |
| AMZN Amazon.com Inc. | Add +2.2% | 1.70% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.1% | 0.18% | +0.04 |
| GIL Gildan Activewear Inc. | New | 0.04% | +0.04 |
| BA The Boeing Co. | New | 0.04% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +7.6% | 0.12% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +33.1% | 0.08% | +0.02 |
| CAT Caterpillar Inc. | Add +16.9% | 0.08% | +0.02 |
| GM General Motors Co. | New | 0.02% | +0.02 |
| ALB Albemarle Corp. | New | 0.02% | +0.02 |
| HWM Howmet Aerospace Inc. | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | New | 0.02% | +0.02 |
| BAC Bank of America Corp. | Add +26.7% | 0.07% | +0.02 |
| UGI Ugi Corp. | New | 0.02% | +0.02 |
| DLN Wisdomtree US Largecap Divid | New | 0.02% | +0.02 |
| DFAI Dimensional International Co. | Add +51.7% | 0.04% | +0.01 |
| PM Philip Morris International | Add +6.7% | 0.83% | +0.01 |
| WMT Walmart Inc. | Add +0.3% | 0.33% | +0.01 |
| FTSM First Trust Enh Short Mat FD | Add +40.7% | 0.05% | +0.01 |
| XOM Exxon Mobil Corp. | Add +1.7% | 0.28% | +0.01 |
| TRV The Travelers Cos Inc. | New | 0.01% | +0.01 |
| XLF SS Financial Select Sector | Add +4.1% | 0.56% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +19.9% | 0.07% | +0.01 |
| META Meta Platforms Inc. Class A | Add +43.8% | 0.05% | +0.01 |
| KO The Coca-Cola Co. | Add +1.3% | 0.26% | +0.01 |
| TRAVELERS COMPANIES INC | New | 0.00% | +0.00 |
| C Citigroup Inc. | Add +12.6% | 0.02% | +0.00 |
| DE Deere & Co. | Add +4.9% | 0.15% | +0.00 |
| WFC Wells Fargo & Co. | Add +4.9% | 0.03% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +6.9% | 0.07% | +0.00 |
| TFC Truist Financial Corp. | Add +0.9% | 0.08% | +0.00 |
| INTC Intel Corp. | Add +6.7% | 0.03% | +0.00 |
| GE General Electric | Add +8.3% | 0.04% | +0.00 |
| MKL Markel Group Inc. | Add +6.6% | 0.02% | +0.00 |
| TSLA Tesla Inc. | Add +8.1% | 0.05% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.4% | 0.23% | +0.00 |
| DIS The Walt Disney Co. | Add +9.7% | 0.04% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 226 | $1.3B | AVGO, SPIB, VB, GVI, VO |
| Q1 2026 | 215 | $1.2B | AVGO, SPIB, GVI, VO, VB |
| Q4 2025 | 228 | $1.2B | AVGO, MSFT, SPIB, GVI, VO |
| Q3 2025 | 223 | $1.2B | AVGO, MSFT, SPIB, VO, GVI |
| Q2 2025 | 210 | $1.1B | AVGO, MSFT, SPIB, VO, GVI |
| Q1 2025 | 205 | $1.1B | MSFT, SPIB, GVI, VO, AVGO |
| Q4 2024 | 197 | $1.1B | AVGO, MSFT, VO, VB, AAPL |
| Q3 2024 | 199 | $1.1B | MSFT, VO, AVGO, VB, SPIB |
| Q2 2024 | 198 | $1.0B | MSFT, AVGO, VO, VB, SPIB |
| Q1 2024 | 197 | $1.0B | MSFT, VO, VB, SPIB, GVI |