Violich Capital Management, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Violich Capital Management, Inc. reported 103 stock positions worth $741.2 million. Its top holding was Microsoft (MSFT) at 9.4% of the portfolio, followed by Alphabet Class C (GOOG, 7.6%) and Apple (AAPL, 7.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 7, added to 25 and reduced 35. The biggest buy was Visa Class A (V, shares +0%) and the biggest sale Alphabet Class C (GOOG, shares −0%).

Most Recent 13F
Q2 2026
Location
MILL VALLEY, CA
CIK
0001326766
Portfolio Value
$741.2M (Q1 2025)
SEC Filing
0001326766-25-000002 ↗ filed May 2, 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 Q4 2024 Q1 2025: $741.2M $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 103 stocks · $741.2M
MSFT Microsoft Corp. 9.38% 185,155 $69.5M Add +0.3%
GOOG Alphabet Inc. Class C 7.62% 361,573 $56.5M Reduce -0.1%
AAPL Apple Inc. 7.32% 244,257 $54.3M Reduce -1.1%
V Visa Inc. Class A 7.00% 148,035 $51.9M Add +0.2%
GOOGL Alphabet Inc. Class A 6.99% 334,983 $51.8M Add +0.1%
COST Costco Wholesale Corp. 6.71% 52,580 $49.7M Reduce -7.0%
BRK.B Berkshire Hathaway Inc. Class B 4.21% 58,627 $31.2M Add +0.6%
ORCL Oracle Corp. 4.13% 218,766 $30.6M Add +0.3%
ABBV Abbvie Inc. 3.30% 116,915 $24.5M Reduce -0.2%
UNH Unitedhealth Group Inc. 2.51% 35,590 $18.6M Reduce -0.5%
JNJ Johnson & Johnson 2.25% 100,740 $16.7M Add +0.5%
AMLP Alerian MLP ETF 2.01% 286,540 $14.9M Add +1.3%
GLD SPDR Gold Shares 1.86% 47,932 $13.8M Add +1.7%
HON Honeywell International Inc. 1.86% 65,186 $13.8M Add +1.1%
AMZN Amazon.com Inc. 1.82% 71,055 $13.5M Add +1.8%
PEP Pepsico Inc. 1.78% 87,752 $13.2M Reduce -1.1%
CVX Chevron Corp. 1.71% 75,958 $12.7M Reduce -0.2%
PM Philip Morris International 1.56% 72,995 $11.6M Reduce -3.5%
ACN Accenture PLC Class A 1.54% 36,552 $11.4M Reduce -0.9%
BHP BHP Group Ltd.-Spon ADR 1.38% 210,493 $10.2M Reduce -2.4%
UNP Union Pacific Corp. 1.27% 39,865 $9.4M Add +1.8%
AON Aon PLC Class A 1.16% 21,608 $8.6M No change
VZ Verizon Communications Inc. 1.09% 178,787 $8.1M Add +1.0%
ADP Automatic Data Processing 1.07% 26,066 $8.0M Reduce -1.7%
MRK Merck & Co. Inc. 1.02% 84,192 $7.6M Reduce -2.4%
DHR Danaher Corp. 1.01% 36,699 $7.5M Reduce -1.1%
LRCX Lam Research Corp. 0.98% 100,250 $7.3M Add +0.3%
COP Conocophillips 0.94% 66,219 $7.0M Reduce -5.5%
MA Mastercard Inc. Class A 0.69% 9,271 $5.1M Add +2.5%
JPM JPMorgan Chase & Co. 0.67% 20,260 $5.0M Add +0.7%
XOM Exxon Mobil Corp. 0.67% 41,680 $5.0M Reduce -0.2%
BDX Becton Dickinson and Co. 0.66% 21,514 $4.9M Add +1.2%
NKE Nike Inc. Class B 0.61% 70,900 $4.5M Reduce -10.3%
CVS CVS Health Corp. 0.56% 61,231 $4.1M Reduce -3.6%
AEM Agnico Eagle Mines Ltd. 0.53% 36,327 $3.9M Add +3.1%
NEE Nextera Energy Inc. 0.52% 54,097 $3.8M No change
AMGN Amgen Inc. 0.49% 11,600 $3.6M Reduce -1.5%
KO The Coca-Cola Co. 0.44% 45,347 $3.2M No change
AVGO Broadcom Inc. 0.41% 18,275 $3.1M Reduce -5.4%
VOO Vanguard S&P 500 ETF 0.39% 5,560 $2.9M Add +0.9%
VTWO Vanguard Russell 2000 ETF 0.38% 35,200 $2.8M No change
KMB Kimberly-Clark Corp. 0.38% 19,892 $2.8M Add +0.8%
GS Goldman Sachs Group Inc. 0.38% 5,100 $2.8M No change
META Meta Platforms Inc. Class A 0.35% 4,510 $2.6M Add +3.7%
CPAY Corpay Inc. 0.34% 7,300 $2.5M No change
SYK Stryker Corp. 0.33% 6,550 $2.4M No change
DE Deere & Co. 0.32% 5,000 $2.3M No change
CMCSA Comcast Corp. Class A 0.29% 57,830 $2.1M Reduce -7.8%
ADBE Adobe Inc. 0.27% 5,312 $2.0M Add +1.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.24% 3,220 $1.8M No change
FDX FedEx Corp. 0.23% 6,991 $1.7M Add +1.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 16,599 $1.6M Reduce -1.0%
MCD McDonald's Corp. 0.20% 4,735 $1.5M No change
PG The Procter & Gamble Co. 0.19% 8,364 $1.4M Reduce -0.1%
IVV iShares Core S&P 500 ETF 0.18% 2,378 $1.3M Add +5.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.18% 31,150 $1.3M Reduce -42.6%
VFIAX Vanguard 500 Index-Adm 0.17% 2,466 $1.3M Add +0.5%
Duke Energy Corp New 0.16% 9,838 $1.2M No change
RIO Rio Tinto PLC-Spon ADR 0.16% 19,330 $1.2M Reduce -0.5%
WMT Walmart Inc. 0.15% 12,625 $1.1M No change
RSP Invesco S&P 500 Equal Weight 0.15% 6,250 $1.1M New
PFE Pfizer Inc. 0.14% 41,237 $1.0M No change
PANW Palo Alto Networks Inc. 0.13% 5,700 $973K No change
QUAL iShares MSCI USA Quality Fac 0.13% 5,540 $947K No change
SLV iShares Silver Trust 0.12% 28,100 $871K No change
KVUE Kenvue Inc. 0.12% 36,114 $866K No change
DT Dynatrace Inc. 0.10% 15,000 $707K No change
LIN Linde PLC 0.09% 1,415 $659K No change
QQQ Invesco QQQ Trust Series 1 0.09% 1,399 $656K Add +3.7%
DELL Dell Technologies -C 0.09% 7,168 $653K No change
EPD Enterprise Products Partners 0.08% 17,800 $608K No change
TMO Thermo Fisher Scientific Inc. 0.08% 1,152 $573K No change
VLTO Veralto Corp. 0.08% 5,762 $562K Reduce -0.9%
CL Colgate-Palmolive Co. 0.07% 5,585 $523K No change
NSRGY Nestle SA-Spons ADR 0.07% 4,940 $500K Reduce -3.1%
HD Home Depot Inc. 0.07% 1,350 $495K No change
NVS Novartis AG-Sponsored ADR 0.07% 4,397 $490K No change
CI The Cigna Group 0.06% 1,453 $478K No change
MMM 3M Co. 0.06% 3,196 $469K No change
FANG Diamondback Energy Inc. 0.06% 2,900 $464K No change
SO The Southern Co. 0.06% 4,629 $426K No change
NXE Nexgen Energy Ltd. 0.06% 91,100 $409K Reduce -1.5%
RGLD Royal Gold Inc. 0.06% 2,500 $409K Reduce -3.9%
VEXAX Vanguard Ext MKT Indx-Adm 0.05% 3,095 $405K New
SPGI S&P Global Inc. 0.05% 750 $381K No change
PCAR Paccar Inc. 0.05% 3,900 $380K No change
BLK BlackRock Finance Inc. 0.05% 400 $379K No change
AMERICAN TOWER CORP 0.05% 1,650 $359K No change
ICSH iShares Ultra Short Duration 0.05% 7,060 $358K No change
AGTHX Amer FND GRW FD of Am-A 0.05% 4,999 $348K No change
D Dominion Energy Inc. 0.04% 4,855 $272K Reduce -5.8%
VTRIX Vanguard Intl Val-Inv 0.04% 2,000 $268K No change
ACIW Aci Worldwide Inc. 0.04% 4,825 $264K No change
OKE Oneok Inc. 0.03% 2,581 $256K No change
TTE Totalenergies SE -Spon ADR 0.03% 3,924 $254K Reduce -6.0%
THC Tenet Healthcare Corp. 0.03% 1,780 $239K Reduce -6.6%
DORM Dorman Products Inc. 0.03% 1,810 $218K No change
NVDA Nvidia Corp. 0.03% 1,990 $216K New
VIMAX VNGD Mrngst MD-CP Idx FD-Adm filed as VANGUARD MID CAP INDEX A 0.03% 663 $212K No change
WDOFF Wesdome Gold Mines Ltd. 0.02% 14,400 $172K Reduce -4.6%

Show all 103 holdings

Portfolio Sells Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C Reduce -0.1% 7.62% −1.34
AAPL Apple Inc. Reduce -1.1% 7.32% −0.72
NKE Nike Inc. Class B Reduce -10.3% 0.61% −0.17
AVGO Broadcom Inc. Reduce -5.4% 0.41% −0.17
ACN Accenture PLC Class A Reduce -0.9% 1.54% −0.15
MRK Merck & Co. Inc. Reduce -2.4% 1.02% −0.10
SLB SLB Ltd. Reduce -42.6% 0.18% −0.09
DHR Danaher Corp. Reduce -1.1% 1.01% −0.09
EIX Edison International Sold out 0.00% −0.04
ROST Ross Stores Inc. Sold out 0.00% −0.03
A Agilent Technologies Inc. Sold out 0.00% −0.03
BA The Boeing Co. Sold out 0.00% −0.03
CONSOL ENERGY INC Sold out 0.00% −0.03
CMA Comerica Inc. Sold out 0.00% −0.03
COST Costco Wholesale Corp. Reduce -7.0% 6.71% −0.03
MCHP Microchip Technology Inc. Sold out 0.00% −0.03
NXE Nexgen Energy Ltd. Reduce -1.5% 0.06% −0.02
DIS The Walt Disney Co. Reduce -1.0% 0.22% −0.02
CMCSA Comcast Corp. Class A Reduce -7.8% 0.29% −0.02
PCT Purecycle Technologies Inc. Reduce -7.1% 0.02% −0.01
VMD Viemed Healthcare Inc. Reduce -11.1% 0.02% −0.00
VLTO Veralto Corp. Reduce -0.9% 0.08% −0.00
D Dominion Energy Inc. Reduce -5.8% 0.04% +0.00
SLVYY Solvay SA - Unsp ADR Reduce -8.7% 0.01% +0.00
THC Tenet Healthcare Corp. Reduce -6.6% 0.03% +0.00
TTE Totalenergies SE -Spon ADR Reduce -6.0% 0.03% +0.00
WDOFF Wesdome Gold Mines Ltd. Reduce -4.6% 0.02% +0.01
RIO Rio Tinto PLC-Spon ADR Reduce -0.5% 0.16% +0.01
BHP BHP Group Ltd.-Spon ADR Reduce -2.4% 1.38% +0.01
PG The Procter & Gamble Co. Reduce -0.1% 0.19% +0.01
RGLD Royal Gold Inc. Reduce -3.9% 0.06% +0.01
NSRGY Nestle SA-Spons ADR Reduce -3.1% 0.07% +0.01
PEP Pepsico Inc. Reduce -1.1% 1.78% +0.02
COP Conocophillips Reduce -5.5% 0.94% +0.03
ADP Automatic Data Processing Reduce -1.7% 1.07% +0.06
XOM Exxon Mobil Corp. Reduce -0.2% 0.67% +0.08
AMGN Amgen Inc. Reduce -1.5% 0.49% +0.09
UNH Unitedhealth Group Inc. Reduce -0.5% 2.51% +0.16
CVS CVS Health Corp. Reduce -3.6% 0.56% +0.19
CVX Chevron Corp. Reduce -0.2% 1.71% +0.28
PM Philip Morris International Reduce -3.5% 1.56% +0.38
ABBV Abbvie Inc. Reduce -0.2% 3.30% +0.60

Portfolio Buys Q4 2024 → Q1 2025
V Visa Inc. Class A Add +0.2% 7.00% +0.93
BRK.B Berkshire Hathaway Inc. Class B Add +0.6% 4.21% +0.78
GLD SPDR Gold Shares Add +1.7% 1.86% +0.38
JNJ Johnson & Johnson Add +0.5% 2.25% +0.37
AMLP Alerian MLP ETF Add +1.3% 2.01% +0.24
AEM Agnico Eagle Mines Ltd. Add +3.1% 0.53% +0.17
VZ Verizon Communications Inc. Add +1.0% 1.09% +0.17
RSP Invesco S&P 500 Equal Weight New 0.15% +0.15
UNP Union Pacific Corp. Add +1.8% 1.27% +0.11
MA Mastercard Inc. Class A Add +2.5% 0.69% +0.07
VEXAX Vanguard Ext MKT Indx-Adm New 0.05% +0.05
KMB Kimberly-Clark Corp. Add +0.8% 0.38% +0.05
LRCX Lam Research Corp. Add +0.3% 0.98% +0.04
JPM JPMorgan Chase & Co. Add +0.7% 0.67% +0.04
BDX Becton Dickinson and Co. Add +1.2% 0.66% +0.04
NVDA Nvidia Corp. New 0.03% +0.03
META Meta Platforms Inc. Class A Add +3.7% 0.35% +0.02
IVV iShares Core S&P 500 ETF Add +5.0% 0.18% +0.01
VOO Vanguard S&P 500 ETF Add +0.9% 0.39% −0.00
VFIAX Vanguard 500 Index-Adm Add +0.5% 0.17% −0.00
QQQ Invesco QQQ Trust Series 1 Add +3.7% 0.09% −0.00
FDX FedEx Corp. Add +1.4% 0.23% −0.02
ADBE Adobe Inc. Add +1.0% 0.27% −0.03
HON Honeywell International Inc. Add +1.1% 1.86% −0.03
AMZN Amazon.com Inc. Add +1.8% 1.82% −0.17
ORCL Oracle Corp. Add +0.3% 4.13% −0.60
MSFT Microsoft Corp. Add +0.3% 9.38% −0.75
GOOGL Alphabet Inc. Class A Add +0.1% 6.99% −1.25

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