Telos Capital Management, Inc.

Name: Telos Capital Management, Inc. 13F holdings, Q3 2025
Creator: Telos Capital Management, Inc.
Published: 2025-11-04

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Telos Capital Management, Inc. reported 193 stock positions worth $1.0 billion. Its top holding was Apple (AAPL) at 5.6% of the portfolio, followed by VG Morningstar TS MKT ETF-US (VTI, 3.9%) and Qualcomm (QCOM, 3.0%). Compared with Q2 2025, it opened 8 new positions, sold out of 10, added to 90 and reduced 88. The biggest buy was Avantis Intl S/C Value ETF (AVDV, shares +137%) and the biggest sale United Parcel Service Class B (UPS, shares −76%).

Most Recent 13F: Q2 2026
Location: SAN DIEGO, CA
CIK: 0001567889
Portfolio Value: $1.0B (Q3 2025)
SEC Filing: 0001567889-25-000005 ↗ filed Nov 4, 2025

Holdings Value

Holdings 193 stocks · $1.0B


AAPL Apple Inc.	5.61%	229,786	$58.5M	Reduce -0.0%
VTI VG Morningstar TS MKT ETF-US	3.95%	125,530	$41.2M	Reduce -4.4%
QCOM Qualcomm Inc.	3.02%	189,192	$31.5M	Reduce -1.1%
GOOGL Alphabet Inc. Class A	2.60%	111,771	$27.2M	Reduce -0.6%
VEU Vanguard Ftse All-World Ex-U	2.37%	347,085	$24.8M	Add +2.4%
HD Home Depot Inc.	2.31%	59,446	$24.1M	Add +3.2%
MS Morgan Stanley	2.15%	141,233	$22.5M	Reduce -1.5%
JPM JPMorgan Chase & Co.	2.00%	66,288	$20.9M	Reduce -0.1%
AMZN Amazon.com Inc.	1.99%	94,442	$20.7M	Add +0.7%
V Visa Inc. Class A	1.97%	60,210	$20.6M	Add +1.8%
PEP Pepsico Inc.	1.91%	142,128	$20.0M	Add +4.8%
VEA Vanguard Ftse Developed ETF	1.81%	315,089	$18.9M	Add +1.2%
NOC Northrop Grumman Corp.	1.75%	29,913	$18.2M	Reduce -0.5%
PG The Procter & Gamble Co.	1.68%	113,942	$17.5M	Add +2.2%
CVX Chevron Corp.	1.60%	107,568	$16.7M	Reduce -0.3%
PANW Palo Alto Networks Inc.	1.54%	78,760	$16.0M	Add +4.9%
MSFT Microsoft Corp.	1.49%	29,946	$15.5M	Add +0.2%
GOOG Alphabet Inc. Class C	1.40%	59,928	$14.6M	Add +1.9%
TRV The Travelers Cos Inc.	1.39%	51,870	$14.5M	Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B	1.33%	27,641	$13.9M	Add +4.3%
J Jacobs Solutions Inc.	1.32%	91,848	$13.8M	Reduce -0.5%
MA Mastercard Inc. Class A	1.32%	24,127	$13.7M	Reduce -0.7%
QQQ Invesco QQQ Trust Series 1	1.28%	22,316	$13.4M	Reduce -2.1%
IVV iShares Core S&P 500 ETF	1.28%	19,880	$13.3M	Reduce -0.1%
IJH iShares Core S&P Midcap ETF	1.13%	180,097	$11.8M	Add +1.7%
ORCL Oracle Corp.	1.12%	41,722	$11.7M	Reduce -20.5%
NXPI NXP Semiconductors NV	1.12%	51,464	$11.7M	Add +0.7%
AVDV Avantis Intl S/C Value ETF	1.08%	126,677	$11.3M	Add +137.4%
CARR Carrier Global Corp.	1.04%	181,931	$10.9M	Add +5.8%
COST Costco Wholesale Corp.	1.04%	11,708	$10.8M	Add +8.7%
ASML ASML Holding NV-NY Reg SHS	1.01%	10,850	$10.5M	Add +4.5%
TEL Te Connectivity PLC	0.98%	46,804	$10.3M	Reduce -2.2%
GS Goldman Sachs Group Inc.	0.93%	12,135	$9.7M	Reduce -1.7%
DHR Danaher Corp.	0.92%	48,632	$9.6M	Add +3.1%
HON Honeywell International Inc.	0.88%	43,758	$9.2M	Add +3.8%
JNJ Johnson & Johnson	0.87%	49,129	$9.1M	Add +0.4%
RTX RTX Corp.	0.86%	53,584	$9.0M	Reduce -2.1%
RSG Republic Services Inc.	0.84%	38,123	$8.7M	Add +13.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.82%	75,098	$8.6M	Add +1.5%
CSCO Cisco Systems Inc.	0.82%	125,593	$8.6M	Reduce -0.5%
RMD Resmed Inc.	0.82%	31,382	$8.6M	Add +2.1%
IQV Iqvia Holdings Inc.	0.80%	44,091	$8.4M	Add +7.5%
VRTX Vertex Pharmaceuticals Inc.	0.80%	21,188	$8.3M	Add +10.1%
META Meta Platforms Inc. Class A	0.79%	11,261	$8.3M	Reduce -0.7%
VCSH Vanguard S/T Corp. Bond ETF	0.77%	100,445	$8.0M	Add +0.4%
WSM Williams-Sonoma Inc.	0.76%	40,630	$7.9M	No change
AMGN Amgen Inc.	0.75%	27,822	$7.9M	Add +0.5%
PSX Phillips 66	0.73%	56,368	$7.7M	Add +5.2%
EOG EOG Resources Inc.	0.73%	68,304	$7.7M	Add +5.0%
CBRE CBRE Group Inc. Class A	0.73%	48,195	$7.6M	Add +0.6%
PNC PNC Financial Services Group	0.70%	36,219	$7.3M	Add +0.4%
ENB Enbridge Inc.	0.69%	143,262	$7.2M	Add +0.6%
NVDA Nvidia Corp.	0.69%	38,358	$7.2M	Add +0.3%
APD Air Products & Chemicals Inc.	0.68%	26,148	$7.1M	Add +0.1%
ROK Rockwell Automation Inc.	0.68%	20,230	$7.1M	Add +0.9%
LMT Lockheed Martin Corp.	0.68%	14,128	$7.1M	Add +0.1%
PYPL PayPal Holdings Inc.	0.67%	104,573	$7.0M	Add +3.8%
NEE Nextera Energy Inc.	0.66%	91,623	$6.9M	Add +0.6%
AEP American Electric Power	0.66%	60,758	$6.8M	Add +1.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.65%	66,475	$6.8M	Reduce -11.2%
SO The Southern Co.	0.64%	70,341	$6.7M	Add +1.2%
IJR iShares Core S&P Small-Cap E	0.64%	55,878	$6.6M	Add +3.8%
MDT Medtronic PLC	0.62%	67,728	$6.5M	Reduce -0.4%
WMT Walmart Inc.	0.62%	62,429	$6.4M	Add +1.2%
VCIT Vanguard Int-Term Corporate	0.62%	76,470	$6.4M	Add +0.9%
IEFA iShares Core MSCI Eafe ETF	0.61%	72,881	$6.4M	Reduce -0.0%
VYM Vanguard High DVD Yield ETF	0.61%	45,076	$6.4M	Add +0.7%
MCD McDonald's Corp.	0.60%	20,727	$6.3M	Add +1.0%
O Realty Income Corp.	0.59%	101,673	$6.2M	Add +2.2%
NOW ServiceNow Inc.	0.56%	6,320	$5.8M	Add +7.2%
GPC Genuine Parts Co.	0.56%	41,909	$5.8M	Add +0.9%
EW Edwards Lifesciences Corp.	0.54%	72,085	$5.6M	Add +15.5%
NFLX Netflix Inc.	0.51%	4,460	$5.3M	Add +17.8%
BMY Bristol-Myers Squibb Co.	0.50%	115,720	$5.2M	Add +2.0%
AMTM Amentum Holdings Inc.	0.44%	189,859	$4.5M	Reduce -14.0%
ABBV Abbvie Inc.	0.43%	19,340	$4.5M	Reduce -2.7%
AVUV Avantis US Small Cap Value	0.42%	43,978	$4.4M	Add +2.3%
EFV iShares MSCI Eafe Value ETF	0.40%	61,989	$4.2M	Add +0.7%
ABT Abbott Laboratories	0.39%	30,475	$4.1M	Reduce -0.4%
IVE iShares S&P 500 Value ETF	0.37%	18,742	$3.9M	Add +1.4%
RSP Invesco S&P 500 Equal Weight	0.37%	20,177	$3.8M	Add +3.5%
WM Waste Management Inc.	0.36%	17,007	$3.8M	Add +10.1%
SMH Vaneck Semiconductor ETF	0.34%	10,733	$3.5M	Reduce -0.7%
NVS Novartis AG-Sponsored ADR	0.33%	26,672	$3.4M	Reduce -0.1%
XLF SS Financial Select Sector	0.31%	59,757	$3.2M	Add +0.3%
XOM Exxon Mobil Corp.	0.29%	27,267	$3.1M	Reduce -5.0%
VXF Vanguard Extended Market ETF	0.29%	14,434	$3.0M	Reduce -4.2%
IWS iShares Russell Mid-Cap Valu	0.25%	18,557	$2.6M	Reduce -1.9%
TSLA Tesla Inc.	0.24%	5,660	$2.5M	Add +18.5%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.23%	11,617	$2.4M	Reduce -1.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.22%	8,223	$2.3M	Add +5.5%
SPY SS SPDR S&P 500 ETF Trust-US	0.20%	3,091	$2.1M	Add +50.7%
UNP Union Pacific Corp.	0.19%	8,399	$2.0M	Add +0.1%
UPS United Parcel Service Class B	0.18%	22,765	$1.9M	Reduce -75.7%
LLY Eli Lilly & Co.	0.18%	2,485	$1.9M	Reduce -24.2%
PLD Prologis Inc.	0.17%	15,480	$1.8M	Add +5.6%
AFL Aflac Inc.	0.17%	15,537	$1.7M	Add +9.5%
MAA Mid-America Apartment Comm	0.16%	12,085	$1.7M	Add +18.3%
CRWD CrowdStrike Holdings Inc. Class A	0.16%	3,337	$1.6M	Add +12.7%
IBB iShares Biotechnology ETF	0.15%	10,801	$1.6M	Reduce -4.7%
DE Deere & Co.	0.15%	3,403	$1.6M	Reduce -0.4%
CAT Caterpillar Inc.	0.15%	3,250	$1.6M	Reduce -5.8%
ARE Alexandria Real Estate Equit	0.15%	18,600	$1.6M	Add +4.3%
CPT Camden Property Trust	0.14%	13,589	$1.5M	Add +5.9%
DLR Digital Realty Trust Inc.	0.14%	8,389	$1.5M	Add +3.7%
SPTM SS SPDR P S&P 1500 Comp ETF	0.14%	17,970	$1.4M	Reduce -5.7%
UDR Udr Inc.	0.14%	38,102	$1.4M	Add +7.2%
AVGO Broadcom Inc.	0.13%	4,047	$1.3M	Reduce -7.7%
VIG Vanguard Dividend Apprec ETF	0.13%	6,140	$1.3M	Add +26.8%
ANET Arista Networks Inc.	0.13%	9,040	$1.3M	Reduce -2.4%
MRK Merck & Co. Inc.	0.13%	15,683	$1.3M	Reduce -1.0%
VNQ Vanguard Real Estate ETF	0.13%	14,265	$1.3M	Reduce -4.2%
SOXX iShares Semiconductor ETF	0.12%	4,779	$1.3M	Reduce -8.3%
VGT Vanguard Info Tech ETF	0.12%	1,614	$1.2M	Add +27.2%
WFC Wells Fargo & Co.	0.11%	14,056	$1.2M	Reduce -0.3%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.11%	13,245	$1.2M	Reduce -0.6%
EMR Emerson Electric Co.	0.11%	8,446	$1.1M	Add +0.1%
GLD SPDR Gold Shares	0.10%	2,859	$1.0M	Reduce -23.8%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	0.10%	12,458	$1.0M	Reduce -1.4%
PFF iShares Preferred & Income S	0.10%	31,541	$997K	Reduce -1.5%
AVEM Avantis Emerging Markets Eq	0.09%	12,815	$963K	Add +1.7%
CWB SS SPDR BB Conv Sec ETF	0.09%	10,250	$928K	Reduce -5.0%
GE General Electric filed as GE AEROSPACE	0.09%	3,069	$923K	Add +12.3%
IWF iShares Russell 1000 Growth	0.08%	1,870	$876K	Reduce -2.8%
XLE SS Energy Select Sector	0.08%	9,273	$828K	Add +0.1%
KO The Coca-Cola Co.	0.08%	12,106	$803K	Reduce -10.3%
MCHP Microchip Technology Inc.	0.08%	12,336	$792K	Reduce -1.5%
KMB Kimberly-Clark Corp.	0.07%	6,238	$776K	Reduce -0.9%
PLTR Palantir Technologies Inc. Class A	0.07%	4,196	$765K	Reduce -4.3%
XCEM Columbia Em Core Ex-China	0.07%	20,822	$756K	Reduce -1.1%
BRK.A Berkshire Hathaway Inc. Class A	0.07%	1	$754K	No change
LRCX Lam Research Corp.	0.07%	5,236	$701K	Reduce -7.5%
KIM Kimco Realty Corp.	0.06%	31,010	$678K	Add +4.2%
KLAC KLA Corp.	0.06%	628	$677K	Reduce -0.2%
VZ Verizon Communications Inc.	0.06%	15,276	$671K	Add +0.6%
PFE Pfizer Inc.	0.06%	26,279	$670K	Reduce -4.1%
SLG SL Green Realty Corp.	0.06%	10,881	$651K	Add +4.3%
EMXC iShares MSCI Emr MRK Ex Chna	0.06%	9,456	$638K	Reduce -11.3%
CEG Constellation Energy	0.06%	1,934	$636K	Reduce -1.1%
SYY Sysco Corp.	0.06%	7,585	$625K	Reduce -3.9%
XYL Xylem Inc.	0.05%	3,833	$565K	Reduce -1.7%
PPH Vaneck Pharmaceutical ETF	0.05%	6,242	$564K	Add +38.2%
DHI D.R. Horton Inc.	0.05%	3,322	$563K	Reduce -0.9%
VOO Vanguard S&P 500 ETF	0.05%	887	$543K	Reduce -2.2%
T AT&T Inc.	0.05%	18,152	$513K	Add +0.6%
PM Philip Morris International	0.05%	3,104	$503K	Reduce -3.7%
SBUX Starbucks Corp.	0.05%	5,708	$483K	Add +14.3%
EFA iShares MSCI Eafe ETF	0.05%	5,148	$481K	Reduce -1.1%
AMAT Applied Materials Inc.	0.04%	2,294	$470K	Reduce -0.5%
SCHW Schwab (charles) Corp.	0.04%	4,743	$453K	Reduce -12.7%
LHX L3HARRIS Technologies Inc.	0.04%	1,407	$430K	Reduce -1.1%
VWO Vanguard Ftse Emerging Marke	0.04%	7,868	$426K	Reduce -1.7%
INTU Intuit Inc.	0.04%	560	$382K	Reduce -4.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.04%	400	$381K	Reduce -1.0%
REG Regency Centers Corp.	0.04%	5,225	$381K	Add +3.7%
CRM Salesforce Inc.	0.04%	1,555	$368K	Reduce -19.7%
ADP Automatic Data Processing	0.03%	1,164	$342K	Reduce -8.8%
CMCSA Comcast Corp. Class A	0.03%	10,677	$335K	Add +3.4%
LECO Lincoln Electric Holdings	0.03%	1,330	$314K	Reduce -21.1%
BA The Boeing Co.	0.03%	1,452	$313K	Add +10.9%
ILMN Illumina Inc.	0.03%	3,229	$307K	Reduce -2.1%
HUBB Hubbell Inc.	0.03%	699	$301K	No change
BLK BlackRock Inc.	0.03%	253	$295K	Reduce -1.9%
MAR Marriott International Class A	0.03%	1,125	$293K	No change
LEN Lennar Corp. Class A	0.03%	2,298	$290K	Reduce -0.5%
SCHG Schwab US Large-Cap Growth	0.03%	8,745	$279K	Reduce -3.4%
REGN Regeneron Pharmaceuticals	0.03%	488	$274K	Add +1.2%
MMM 3M Co.	0.03%	1,757	$273K	Reduce -19.2%
MDLZ Mondelez International Inc. Class A	0.03%	4,356	$272K	Add +0.6%
IAU iShares Gold Trust	0.03%	3,722	$271K	Reduce -0.8%
ECL Ecolab Inc.	0.03%	987	$270K	Reduce -0.7%
A Agilent Technologies Inc.	0.03%	2,094	$269K	Reduce -1.1%
GEV GE Vernova Inc.	0.03%	427	$263K	New
MU Micron Technology Inc.	0.02%	1,554	$260K	Reduce -7.7%
EXC Exelon Corp.	0.02%	5,687	$256K	No change
XLI SS Industrial Select Sector	0.02%	1,618	$250K	Reduce -4.7%
DLS Wisdomtree Intl S/C DVD Fund	0.02%	3,095	$246K	Reduce -96.3%
SPDW Ste STR SPDR PT DW Eu ETF	0.02%	5,720	$245K	Reduce -8.8%
NVO Novo-Nordisk A/S-Spons ADR	0.02%	4,402	$244K	New
VTV Vanguard Mrngstr Val ETF-Aui	0.02%	1,308	$244K	Reduce -9.1%
ALEX Alexander & Baldwin Inc.	0.02%	13,258	$241K	Reduce -3.0%
XLK SS Technology Select Sector	0.02%	851	$240K	Add +2.6%
WY Weyerhaeuser Co.	0.02%	9,624	$239K	Add +0.8%
CWH Camping World Holdings Inc. Class A	0.02%	15,000	$237K	No change
VLTO Veralto Corp.	0.02%	2,200	$235K	No change
SRE Sempra	0.02%	2,470	$222K	New
ALNY Alnylam Pharmaceuticals Inc.	0.02%	483	$220K	New
AMH American Homes 4 Rent- A	0.02%	6,582	$219K	Add +0.8%
AMD Advanced Micro Devices	0.02%	1,310	$212K	New
FIBK First Interstate Bancsys-A	0.02%	6,563	$209K	New
BDN Brandywine Realty Trust	0.02%	49,484	$206K	Reduce -0.4%
SCHD Schwab US DVD Equity ETF	0.02%	7,500	$205K	New
CAG Conagra Brands Inc.	0.02%	10,001	$183K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $367K (not counted above)

Security	Class	Shares / Principal	Value	Change
FLAGSTAR BANK NA (FLG 6 11/01/51)	UNIT 05/07/2051	9,200	$367K	No change

Total filed on the 13F, all lines: $1.0B.

Portfolio Sells Q2 2025 → Q3 2025


UPS United Parcel Service Class B	Reduce -75.7%	0.18%	−0.78
DLS Wisdomtree Intl S/C DVD Fund	Reduce -96.3%	0.02%	−0.61
ADBE Adobe Inc.	Sold out	0.00%	−0.36
ACN Accenture PLC Class A	Sold out	0.00%	−0.26
ZTS Zoetis Inc.	Sold out	0.00%	−0.20
VTI VG Morningstar TS MKT ETF-US	Reduce -4.4%	3.95%	−0.12
AMTM Amentum Holdings Inc.	Reduce -14.0%	0.44%	−0.09
QCOM Qualcomm Inc.	Reduce -1.1%	3.02%	−0.09
TROW T Rowe Price Group Inc.	Reduce -11.2%	0.65%	−0.08
LLY Eli Lilly & Co.	Reduce -24.2%	0.18%	−0.08
MA Mastercard Inc. Class A	Reduce -0.7%	1.32%	−0.08
EWY iShares MSCI South Korea ETF	Sold out	0.00%	−0.07
CSCO Cisco Systems Inc.	Reduce -0.5%	0.82%	−0.07
META Meta Platforms Inc. Class A	Reduce -0.7%	0.79%	−0.06
ORCL Oracle Corp.	Reduce -20.5%	1.12%	−0.04
SCHB Schwab US Broad Market ETF	Sold out	0.00%	−0.04
ABT Abbott Laboratories	Reduce -0.4%	0.39%	−0.03
RS Reliance Inc.	Sold out	0.00%	−0.03
TGT Target Corp.	Sold out	0.00%	−0.03
DE Deere & Co.	Reduce -0.4%	0.15%	−0.03
TXN Texas Instruments Inc.	Sold out	0.00%	−0.02
IWB iShares Russell 1000 ETF	Sold out	0.00%	−0.02
SYK Stryker Corp.	Sold out	0.00%	−0.02
XOM Exxon Mobil Corp.	Reduce -5.0%	0.29%	−0.02
KO The Coca-Cola Co.	Reduce -10.3%	0.08%	−0.02
GLD SPDR Gold Shares	Reduce -23.8%	0.10%	−0.02
CRM Salesforce Inc.	Reduce -19.7%	0.04%	−0.02
MCHP Microchip Technology Inc.	Reduce -1.5%	0.08%	−0.01
PM Philip Morris International	Reduce -3.7%	0.05%	−0.01
INTU Intuit Inc.	Reduce -4.3%	0.04%	−0.01
VNQ Vanguard Real Estate ETF	Reduce -4.2%	0.13%	−0.01
IEFA iShares Core MSCI Eafe ETF	Reduce -0.0%	0.61%	−0.01
KMB Kimberly-Clark Corp.	Reduce -0.9%	0.07%	−0.01
MMM 3M Co.	Reduce -19.2%	0.03%	−0.01
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -11.3%	0.06%	−0.01
ADP Automatic Data Processing	Reduce -8.8%	0.03%	−0.01
SCHW Schwab (charles) Corp.	Reduce -12.7%	0.04%	−0.01
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Reduce -1.4%	0.10%	−0.01
SPTM SS SPDR P S&P 1500 Comp ETF	Reduce -5.7%	0.14%	−0.01
GWW WW Grainger Inc.	Reduce -1.0%	0.04%	−0.01
VXF Vanguard Extended Market ETF	Reduce -4.2%	0.29%	−0.01
IWS iShares Russell Mid-Cap Valu	Reduce -1.9%	0.25%	−0.01
LECO Lincoln Electric Holdings	Reduce -21.1%	0.03%	−0.01
PFF iShares Preferred & Income S	Reduce -1.5%	0.10%	−0.00
PFE Pfizer Inc.	Reduce -4.1%	0.06%	−0.00
CEG Constellation Energy	Reduce -1.1%	0.06%	−0.00
ILMN Illumina Inc.	Reduce -2.1%	0.03%	−0.00
VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -1.8%	0.23%	−0.00
SOXX iShares Semiconductor ETF	Reduce -8.3%	0.12%	−0.00
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -9.1%	0.02%	−0.00

Portfolio Buys Q2 2025 → Q3 2025


AVDV Avantis Intl S/C Value ETF	Add +137.4%	1.08%	+0.65
GOOG Alphabet Inc. Class C	Add +1.9%	1.40%	+0.34
ASML ASML Holding NV-NY Reg SHS	Add +4.5%	1.01%	+0.16
HD Home Depot Inc.	Add +3.2%	2.31%	+0.16
IQV Iqvia Holdings Inc.	Add +7.5%	0.80%	+0.14
JNJ Johnson & Johnson	Add +0.4%	0.87%	+0.11
PEP Pepsico Inc.	Add +4.8%	1.91%	+0.09
TSLA Tesla Inc.	Add +18.5%	0.24%	+0.09
PSX Phillips 66	Add +5.2%	0.73%	+0.08
NVDA Nvidia Corp.	Add +0.3%	0.69%	+0.07
SPY SS SPDR S&P 500 ETF Trust-US	Add +50.7%	0.20%	+0.07
VEU Vanguard Ftse All-World Ex-U	Add +2.4%	2.37%	+0.05
CBRE CBRE Group Inc. Class A	Add +0.6%	0.73%	+0.04
GPC Genuine Parts Co.	Add +0.9%	0.56%	+0.04
EW Edwards Lifesciences Corp.	Add +15.5%	0.54%	+0.04
IJR iShares Core S&P Small-Cap E	Add +3.8%	0.64%	+0.04
ENB Enbridge Inc.	Add +0.6%	0.69%	+0.04
VGT Vanguard Info Tech ETF	Add +27.2%	0.12%	+0.03
VIG Vanguard Dividend Apprec ETF	Add +26.8%	0.13%	+0.03
GEV GE Vernova Inc.	New	0.03%	+0.03
AEP American Electric Power	Add +1.7%	0.66%	+0.02
NVO Novo-Nordisk A/S-Spons ADR	New	0.02%	+0.02
SRE Sempra	New	0.02%	+0.02
ALNY Alnylam Pharmaceuticals Inc.	New	0.02%	+0.02
AVUV Avantis US Small Cap Value	Add +2.3%	0.42%	+0.02
AMD Advanced Micro Devices	New	0.02%	+0.02
BRK.B Berkshire Hathaway Inc. Class B	Add +4.3%	1.33%	+0.02
FIBK First Interstate Bancsys-A	New	0.02%	+0.02
SCHD Schwab US DVD Equity ETF	New	0.02%	+0.02
NEE Nextera Energy Inc.	Add +0.6%	0.66%	+0.02
CAG Conagra Brands Inc.	New	0.02%	+0.02
GE General Electric	Add +12.3%	0.09%	+0.02
ARE Alexandria Real Estate Equit	Add +4.3%	0.15%	+0.02
RMD Resmed Inc.	Add +2.1%	0.82%	+0.02
AFL Aflac Inc.	Add +9.5%	0.17%	+0.01
PPH Vaneck Pharmaceutical ETF	Add +38.2%	0.05%	+0.01
PLD Prologis Inc.	Add +5.6%	0.17%	+0.01
PNC PNC Financial Services Group	Add +0.4%	0.70%	+0.01
LMT Lockheed Martin Corp.	Add +0.1%	0.68%	+0.01
O Realty Income Corp.	Add +2.2%	0.59%	+0.01
MAA Mid-America Apartment Comm	Add +18.3%	0.16%	+0.01
IJH iShares Core S&P Midcap ETF	Add +1.7%	1.13%	+0.01
RSP Invesco S&P 500 Equal Weight	Add +3.5%	0.37%	+0.01
EFV iShares MSCI Eafe Value ETF	Add +0.7%	0.40%	+0.00
AVEM Avantis Emerging Markets Eq	Add +1.7%	0.09%	+0.00
CRWD CrowdStrike Holdings Inc. Class A	Add +12.7%	0.16%	+0.00
IVE iShares S&P 500 Value ETF	Add +1.4%	0.37%	+0.00
BA The Boeing Co.	Add +10.9%	0.03%	+0.00
WMT Walmart Inc.	Add +1.2%	0.62%	+0.00
XLK SS Technology Select Sector	Add +2.6%	0.02%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	201	$1.1B	AAPL, VTI, QCOM, GOOGL, VEU
Q1 2026	191	$1.0B	AAPL, VTI, VEU, GOOGL, QCOM
Q4 2025	196	$1.1B	AAPL, VTI, GOOGL, QCOM, VEU
Q3 2025	193	$1.0B	AAPL, VTI, QCOM, GOOGL, VEU
Q2 2025	195	$981.9M	AAPL, VTI, QCOM, VEU, HD
Q1 2025	191	$917.8M	AAPL, VTI, QCOM, HD, V
Q4 2024	197	$937.6M	AAPL, VTI, QCOM, HD, GOOGL
Q3 2024	196	$952.8M	AAPL, QCOM, VTI, HD, PEP
Q2 2024	192	$902.2M	AAPL, QCOM, VTI, HD, GOOGL
Q1 2024	194	$886.9M	AAPL, QCOM, VTI, HD, PEP