Violich Capital Management, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), Violich Capital Management, Inc. reported 107 stock positions worth $768.8 million. Its top holding was Microsoft (MSFT) at 10.1% of the portfolio, followed by Alphabet Class C (GOOG, 9.0%) and Alphabet Class A (GOOGL, 8.2%). Compared with Q3 2024, it opened 4 new positions, sold out of 8, added to 26 and reduced 46. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Nike Class B (NKE, shares −43%).

Most Recent 13F
Q2 2026
Location
MILL VALLEY, CA
CIK
0001326766
Portfolio Value
$768.8M (Q4 2024)
SEC Filing
0001326766-25-000001 ↗ filed Jan 29, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $698.8M Q1 2024 Q2 2024: $740.0M Q2 2024 Q3 2024: $769.3M Q3 2024 Q4 2024: $768.8M $768.8M Q4 2024 Q1 2025: $741.2M Q1 2025 Q2 2025: $710.6M Q2 2025 Q3 2025: $840.4M Q3 2025 Q4 2025: $896.1M Q4 2025 Q1 2026: $855.4M Q1 2026 Q2 2026: $919.3M Q2 2026

Holdings 107 stocks · $768.8M
MSFT Microsoft Corp. 10.12% 184,651 $77.8M Reduce -1.8%
GOOG Alphabet Inc. Class C 8.96% 361,775 $68.9M Reduce -1.2%
GOOGL Alphabet Inc. Class A 8.24% 334,510 $63.3M Add +0.4%
AAPL Apple Inc. 8.04% 246,947 $61.8M Reduce -5.1%
COST Costco Wholesale Corp. 6.74% 56,512 $51.8M Reduce -8.9%
V Visa Inc. Class A 6.07% 147,721 $46.7M Reduce -0.1%
ORCL Oracle Corp. 4.73% 218,096 $36.3M Add +3.1%
BRK.B Berkshire Hathaway Inc. Class B 3.44% 58,267 $26.4M Add +15.3%
ABBV Abbvie Inc. 2.71% 117,097 $20.8M Reduce -0.1%
UNH Unitedhealth Group Inc. 2.35% 35,755 $18.1M Reduce -4.5%
AMZN Amazon.com Inc. 1.99% 69,795 $15.3M Add +44.1%
HON Honeywell International Inc. 1.89% 64,481 $14.6M Add +49.1%
JNJ Johnson & Johnson 1.89% 100,217 $14.5M Add +2.6%
AMLP Alerian MLP ETF 1.77% 282,790 $13.6M Add +25.5%
PEP Pepsico Inc. 1.76% 88,747 $13.5M Reduce -2.0%
ACN Accenture PLC Class A 1.69% 36,877 $13.0M Reduce -0.3%
GLD SPDR Gold Shares 1.48% 47,122 $11.4M Add +3.9%
CVX Chevron Corp. 1.43% 76,144 $11.0M Reduce -1.7%
BHP BHP Group Ltd.-Spon ADR 1.37% 215,593 $10.5M Reduce -15.8%
PM Philip Morris International 1.18% 75,605 $9.1M Add +72.9%
UNP Union Pacific Corp. 1.16% 39,175 $8.9M Add +547.3%
MRK Merck & Co. Inc. 1.12% 86,292 $8.6M Reduce -5.4%
DHR Danaher Corp. 1.11% 37,099 $8.5M Reduce -18.5%
ADP Automatic Data Processing 1.01% 26,514 $7.8M Reduce -10.2%
AON Aon PLC Class A 1.01% 21,608 $7.8M Reduce -0.1%
LRCX Lam Research Corp. 0.94% 100,000 $7.2M No change
VZ Verizon Communications Inc. 0.92% 177,087 $7.1M Add +4.1%
COP Conocophillips 0.90% 70,094 $7.0M Reduce -10.2%
NKE Nike Inc. Class B 0.78% 79,006 $6.0M Reduce -42.5%
BDX Becton Dickinson and Co. 0.63% 21,264 $4.8M No change
JPM JPMorgan Chase & Co. 0.63% 20,125 $4.8M Add +1.7%
MA Mastercard Inc. Class A 0.62% 9,043 $4.8M Add +155.8%
XOM Exxon Mobil Corp. 0.58% 41,780 $4.5M Reduce -11.6%
AVGO Broadcom Inc. 0.58% 19,325 $4.5M Reduce -8.3%
NEE Nextera Energy Inc. 0.50% 54,097 $3.9M Reduce -1.1%
VTWO Vanguard Russell 2000 ETF 0.41% 35,200 $3.1M Add +56.4%
AMGN Amgen Inc. 0.40% 11,780 $3.1M Reduce -2.1%
VOO Vanguard S&P 500 ETF 0.39% 5,510 $3.0M Add +6.6%
GS Goldman Sachs Group Inc. 0.38% 5,100 $2.9M No change
CVS CVS Health Corp. 0.37% 63,507 $2.9M Reduce -53.6%
KO The Coca-Cola Co. 0.37% 45,347 $2.8M Reduce -0.9%
AEM Agnico Eagle Mines Ltd. 0.36% 35,217 $2.8M Add +4.5%
KMB Kimberly-Clark Corp. 0.34% 19,742 $2.6M Reduce -15.5%
META Meta Platforms Inc. Class A 0.33% 4,350 $2.5M Add +14.2%
CPAY Corpay Inc. 0.32% 7,300 $2.5M No change
SYK Stryker Corp. 0.31% 6,550 $2.4M Reduce -9.0%
CMCSA Comcast Corp. Class A 0.31% 62,730 $2.4M Reduce -5.8%
ADBE Adobe Inc. 0.30% 5,258 $2.3M Add +10.1%
DE Deere & Co. 0.28% 5,000 $2.1M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.27% 54,250 $2.1M Reduce -24.9%
FDX FedEx Corp. 0.25% 6,895 $1.9M Add +36.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 3,220 $1.9M Add +2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 16,774 $1.9M Reduce -2.0%
PG The Procter & Gamble Co. 0.18% 8,374 $1.4M Reduce -0.8%
MCD McDonald's Corp. 0.18% 4,735 $1.4M No change
IVV iShares Core S&P 500 ETF 0.17% 2,265 $1.3M Add +14.1%
VFIAX Vanguard 500 Index-Adm 0.17% 2,454 $1.3M Add +3.0%
RIO Rio Tinto PLC-Spon ADR 0.15% 19,430 $1.1M Reduce -56.5%
WMT Walmart Inc. 0.15% 12,625 $1.1M Reduce -4.2%
PFE Pfizer Inc. 0.14% 41,237 $1.1M Reduce -12.3%
Duke Energy Corp New 0.14% 9,838 $1.1M Reduce -1.8%
PANW Palo Alto Networks Inc. 0.13% 5,700 $1.0M No change
QUAL iShares MSCI USA Quality Fac 0.13% 5,540 $987K Reduce -55.3%
DELL Dell Technologies -C 0.11% 7,168 $826K No change
DT Dynatrace Inc. 0.11% 15,000 $815K Reduce -12.6%
KVUE Kenvue Inc. 0.10% 36,114 $771K Reduce -10.9%
SLV iShares Silver Trust 0.10% 28,100 $740K Add +5.6%
QQQ Invesco QQQ Trust Series 1 0.09% 1,349 $690K Reduce -64.0%
NXE Nexgen Energy Ltd. 0.08% 92,500 $611K No change
TMO Thermo Fisher Scientific Inc. 0.08% 1,152 $599K Add +13.7%
VLTO Veralto Corp. 0.08% 5,812 $592K Reduce -2.8%
LIN Linde PLC 0.08% 1,415 $592K Add +11.7%
EPD Enterprise Products Partners 0.07% 17,800 $558K Reduce -4.0%
HD Home Depot Inc. 0.07% 1,350 $525K No change
CL Colgate-Palmolive Co. 0.07% 5,585 $508K Reduce -0.5%
FANG Diamondback Energy Inc. 0.06% 2,900 $475K No change
NVS Novartis AG-Sponsored ADR 0.06% 4,397 $428K Reduce -0.3%
NSRGY Nestle SA-Spons ADR 0.05% 5,097 $416K No change
MMM 3M Co. 0.05% 3,196 $413K No change
BLK BlackRock Finance Inc. 0.05% 400 $410K No change
PCAR Paccar Inc. 0.05% 3,900 $406K No change
CI The Cigna Group 0.05% 1,453 $401K Reduce -84.3%
SO The Southern Co. 0.05% 4,629 $381K Reduce -1.1%
SPGI S&P Global Inc. 0.05% 750 $374K No change
AGTHX Amer FND GRW FD of Am-A 0.05% 4,999 $372K No change
ICSH iShares Ultra Short Duration 0.05% 7,060 $356K Reduce -33.1%
RGLD Royal Gold Inc. 0.04% 2,600 $343K No change
EIX Edison International 0.04% 3,903 $312K No change
AMERICAN TOWER CORP 0.04% 1,650 $303K No change
VTRIX Vanguard Intl Val-Inv 0.04% 2,000 $282K No change
D Dominion Energy Inc. 0.04% 5,155 $278K Reduce -12.0%
ROST Ross Stores Inc. 0.03% 1,750 $265K New
OKE Oneok Inc. 0.03% 2,581 $259K No change
A Agilent Technologies Inc. 0.03% 1,880 $253K New
ACIW Aci Worldwide Inc. 0.03% 4,825 $250K No change
PCT Purecycle Technologies Inc. 0.03% 23,900 $245K No change
THC Tenet Healthcare Corp. 0.03% 1,905 $240K Reduce -43.6%
DORM Dorman Products Inc. 0.03% 1,810 $234K No change
TTE Totalenergies SE -Spon ADR 0.03% 4,174 $227K No change
BA The Boeing Co. 0.03% 1,243 $220K New
VIMAX VNGD Mrngst MD-CP Idx FD-Adm 0.03% 663 $217K No change
CONSOL ENERGY INC 0.03% 1,980 $211K No change
CMA Comerica Inc. 0.03% 3,334 $206K New
MCHP Microchip Technology Inc. 0.03% 3,500 $201K No change
VMD Viemed Healthcare Inc. 0.02% 22,500 $180K No change
WDOFF Wesdome Gold Mines Ltd. 0.02% 15,100 $136K Add +4.9%
SLVYY Solvay SA - Unsp ADR 0.01% 34,700 $110K No change

Portfolio Sells Q3 2024 → Q4 2024
NKE Nike Inc. Class B Reduce -42.5% 0.78% −0.80
CVS CVS Health Corp. Reduce -53.6% 0.37% −0.75
BHP BHP Group Ltd.-Spon ADR Reduce -15.8% 1.37% −0.70
DHR Danaher Corp. Reduce -18.5% 1.11% −0.54
UNH Unitedhealth Group Inc. Reduce -4.5% 2.35% −0.49
COST Costco Wholesale Corp. Reduce -8.9% 6.74% −0.41
MSFT Microsoft Corp. Reduce -1.8% 10.12% −0.39
CI The Cigna Group Reduce -84.3% 0.05% −0.37
DVN Devon Energy Corp. Sold out 0.00% −0.35
ABBV Abbvie Inc. Reduce -0.1% 2.71% −0.30
RIO Rio Tinto PLC-Spon ADR Reduce -56.5% 0.15% −0.26
PEP Pepsico Inc. Reduce -2.0% 1.76% −0.25
MRK Merck & Co. Inc. Reduce -5.4% 1.12% −0.23
COP Conocophillips Reduce -10.2% 0.90% −0.16
QUAL iShares MSCI USA Quality Fac Reduce -55.3% 0.13% −0.16
QQQ Invesco QQQ Trust Series 1 Reduce -64.0% 0.09% −0.15
XOM Exxon Mobil Corp. Reduce -11.6% 0.58% −0.14
SLB SLB Ltd. Reduce -24.9% 0.27% −0.12
AMGN Amgen Inc. Reduce -2.1% 0.40% −0.10
MDT Medtronic PLC Sold out 0.00% −0.10
NEE Nextera Energy Inc. Reduce -1.1% 0.50% −0.10
KMB Kimberly-Clark Corp. Reduce -15.5% 0.34% −0.10
MU Micron Technology Inc. Sold out 0.00% −0.07
KO The Coca-Cola Co. Reduce -0.9% 0.37% −0.06
CMCSA Comcast Corp. Class A Reduce -5.8% 0.31% −0.06
ADP Automatic Data Processing Reduce -10.2% 1.01% −0.05
CVX Chevron Corp. Reduce -1.7% 1.43% −0.05
CNMD Conmed Corp. Sold out 0.00% −0.05
PRGO Perrigo Co. PLC Sold out 0.00% −0.05
THC Tenet Healthcare Corp. Reduce -43.6% 0.03% −0.04
PFE Pfizer Inc. Reduce -12.3% 0.14% −0.03
SYK Stryker Corp. Reduce -9.0% 0.31% −0.03
ARKK ARK Innovation ETF Sold out 0.00% −0.03
STMSX Simt Tax MGD SM Mid Cap-F Sold out 0.00% −0.03
ICSH iShares Ultra Short Duration Reduce -33.1% 0.05% −0.02
KVUE Kenvue Inc. Reduce -10.9% 0.10% −0.02
DT Dynatrace Inc. Reduce -12.6% 0.11% −0.01
Duke Energy Corp New Reduce -1.8% 0.14% −0.01
ACN Accenture PLC Class A Reduce -0.3% 1.69% −0.01
KOS Kosmos Energy Ltd. Sold out 0.00% −0.01
NVS Novartis AG-Sponsored ADR Reduce -0.3% 0.06% −0.01
VLTO Veralto Corp. Reduce -2.8% 0.08% −0.01
CL Colgate-Palmolive Co. Reduce -0.5% 0.07% −0.01
D Dominion Energy Inc. Reduce -12.0% 0.04% −0.01
PG The Procter & Gamble Co. Reduce -0.8% 0.18% −0.01
SO The Southern Co. Reduce -1.1% 0.05% −0.01
EPD Enterprise Products Partners Reduce -4.0% 0.07% +0.00
WMT Walmart Inc. Reduce -4.2% 0.15% +0.01
DIS The Walt Disney Co. Reduce -2.0% 0.24% +0.03
AON Aon PLC Class A Reduce -0.1% 1.01% +0.04

Portfolio Buys Q3 2024 → Q4 2024
GOOGL Alphabet Inc. Class A Add +0.4% 8.24% +1.06
UNP Union Pacific Corp. Add +547.3% 1.16% +0.97
AMZN Amazon.com Inc. Add +44.1% 1.99% +0.82
HON Honeywell International Inc. Add +49.1% 1.89% +0.73
PM Philip Morris International Add +72.9% 1.18% +0.49
BRK.B Berkshire Hathaway Inc. Class B Add +15.3% 3.44% +0.41
MA Mastercard Inc. Class A Add +155.8% 0.62% +0.39
AMLP Alerian MLP ETF Add +25.5% 1.77% +0.39
VTWO Vanguard Russell 2000 ETF Add +56.4% 0.41% +0.15
JPM JPMorgan Chase & Co. Add +1.7% 0.63% +0.08
FDX FedEx Corp. Add +36.0% 0.25% +0.07
GLD SPDR Gold Shares Add +3.9% 1.48% +0.05
META Meta Platforms Inc. Class A Add +14.2% 0.33% +0.05
ORCL Oracle Corp. Add +3.1% 4.73% +0.04
ROST Ross Stores Inc. New 0.03% +0.03
A Agilent Technologies Inc. New 0.03% +0.03
VOO Vanguard S&P 500 ETF Add +6.6% 0.39% +0.03
BA The Boeing Co. New 0.03% +0.03
CMA Comerica Inc. New 0.03% +0.03
IVV iShares Core S&P 500 ETF Add +14.1% 0.17% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +2.1% 0.25% +0.01
VFIAX Vanguard 500 Index-Adm Add +3.0% 0.17% +0.01
AEM Agnico Eagle Mines Ltd. Add +4.5% 0.36% +0.01
WDOFF Wesdome Gold Mines Ltd. Add +4.9% 0.02% +0.00
LIN Linde PLC Add +11.7% 0.08% −0.00
SLV iShares Silver Trust Add +5.6% 0.10% −0.00
TMO Thermo Fisher Scientific Inc. Add +13.7% 0.08% −0.00
ADBE Adobe Inc. Add +10.1% 0.30% −0.02
VZ Verizon Communications Inc. Add +4.1% 0.92% −0.07
JNJ Johnson & Johnson Add +2.6% 1.89% −0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$919.3MGOOG, GOOGL, MSFT, AAPL, V
Q1 2026 118$855.4MGOOG, GOOGL, MSFT, AAPL, COST
Q4 2025 114$896.1MGOOG, GOOGL, MSFT, AAPL, V
Q3 2025 109$840.4MMSFT, GOOG, GOOGL, ORCL, AAPL
Q2 2025 98$710.6MMSFT, GOOG, GOOGL, V, COST
Q1 2025 103$741.2MMSFT, GOOG, AAPL, V, GOOGL
Q4 2024 107$768.8MMSFT, GOOG, GOOGL, AAPL, COST
Q3 2024 111$769.3MMSFT, GOOG, AAPL, GOOGL, COST
Q2 2024 109$740.0MMSFT, GOOG, GOOGL, AAPL, COST
Q1 2024 109$698.8MMSFT, GOOG, GOOGL, AAPL, COST