Violich Capital Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Violich Capital Management, Inc. reported 114 stock positions worth $896.1 million. Its top holding was Alphabet Class C (GOOG) at 11.9% of the portfolio, followed by Alphabet Class A (GOOGL, 11.4%) and Microsoft (MSFT, 9.8%). Compared with Q3 2025, it opened 9 new positions, sold out of 5, added to 35 and reduced 35. The biggest buy was Alphabet Class C (GOOG, shares +1%) and the biggest sale Oracle (ORCL, shares −1%).

Most Recent 13F
Q2 2026
Location
MILL VALLEY, CA
CIK
0001326766
Portfolio Value
$896.1M (Q4 2025)
SEC Filing
0001326766-26-000001 ↗ filed Feb 3, 2026

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 Q1 2025 Q2 2025: $710.6M Q2 2025 Q3 2025: $840.4M Q3 2025 Q4 2025: $896.1M $896.1M Q4 2025 Q1 2026: $855.4M Q1 2026 Q2 2026: $919.3M Q2 2026

Holdings 114 stocks · $896.1M
GOOG Alphabet Inc. Class C 11.93% 340,776 $106.9M Add +1.0%
GOOGL Alphabet Inc. Class A 11.37% 325,628 $101.9M Add +1.7%
MSFT Microsoft Corp. 9.78% 181,272 $87.7M Add +2.3%
AAPL Apple Inc. 6.46% 212,967 $57.9M Reduce -0.3%
V Visa Inc. Class A 5.61% 143,357 $50.3M Add +1.2%
COST Costco Wholesale Corp. 4.73% 49,133 $42.4M Add +0.1%
ORCL Oracle Corp. 4.62% 212,483 $41.4M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 3.27% 58,206 $29.3M Add +0.8%
ABBV Abbvie Inc. 2.84% 111,394 $25.5M Add +0.9%
GLD SPDR Gold Shares 2.29% 51,886 $20.6M Add +8.3%
AMZN Amazon.com Inc. 2.21% 85,659 $19.8M Add +17.6%
JNJ Johnson & Johnson 2.17% 94,038 $19.5M Reduce -1.8%
LRCX Lam Research Corp. 1.92% 100,250 $17.2M No change
AMLP Alerian MLP ETF 1.76% 335,815 $15.8M Add +23.7%
PM Philip Morris International 1.53% 85,555 $13.7M Add +19.2%
HON Honeywell International Inc. 1.34% 61,536 $12.0M Add +2.0%
BHP BHP Group Ltd.-Spon ADR 1.26% 186,326 $11.2M Reduce -3.3%
CVX Chevron Corp. 1.23% 72,427 $11.0M Add +3.6%
PEP Pepsico Inc. 1.17% 73,006 $10.5M Reduce -4.4%
UNH Unitedhealth Group Inc. 1.12% 30,312 $10.0M Add +1.7%
JPM JPMorgan Chase & Co. 1.02% 28,265 $9.1M Add +33.5%
AEM Agnico Eagle Mines Ltd. 1.01% 53,273 $9.0M Add +26.8%
ACN Accenture PLC Class A 0.99% 33,181 $8.9M Reduce -3.2%
DHR Danaher Corp. 0.90% 35,151 $8.0M Add +1.5%
VOO Vanguard S&P 500 ETF 0.88% 12,519 $7.9M Reduce -24.2%
AON Aon PLC Class A 0.85% 21,608 $7.6M Add +2.9%
UNP Union Pacific Corp. 0.81% 31,455 $7.3M Reduce -12.8%
AVGO Broadcom Inc. 0.70% 18,200 $6.3M Add +0.6%
XOM Exxon Mobil Corp. 0.68% 50,355 $6.1M Add +28.5%
MA Mastercard Inc. Class A 0.65% 10,273 $5.9M Add +9.3%
CSCO Cisco Systems Inc. 0.62% 71,585 $5.5M Add +218.7%
MRK Merck & Co. Inc. 0.59% 50,207 $5.3M Reduce -28.2%
ADP Automatic Data Processing 0.58% 20,377 $5.2M Reduce -15.1%
VZ Verizon Communications Inc. 0.52% 113,510 $4.6M Reduce -25.9%
GS Goldman Sachs Group Inc. 0.50% 5,100 $4.5M No change
NEE Nextera Energy Inc. 0.47% 52,397 $4.2M Reduce -1.3%
COP Conocophillips 0.46% 44,349 $4.2M Reduce -23.7%
CVS CVS Health Corp. 0.44% 49,997 $4.0M Reduce -11.1%
BDX Becton Dickinson and Co. 0.44% 20,286 $3.9M Add +2.3%
NKE Nike Inc. Class B 0.43% 60,060 $3.8M Add +14.8%
META Meta Platforms Inc. Class A 0.42% 5,725 $3.8M Add +18.2%
AMGN Amgen Inc. 0.37% 10,250 $3.4M Reduce -10.1%
KO The Coca-Cola Co. 0.36% 46,097 $3.2M Reduce -0.9%
IVOO Vanguard S&P Mid-Cap 400 ETF 0.33% 26,500 $3.0M New
AMD Advanced Micro Devices 0.31% 13,100 $2.8M No change
PG The Procter & Gamble Co. 0.31% 19,564 $2.8M Reduce -0.4%
SLV iShares Silver Trust 0.31% 42,810 $2.8M Add +14.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.27% 3,568 $2.4M Add +9.5%
CPAY Corpay Inc. 0.25% 7,300 $2.2M No change
DE Deere & Co. 0.24% 4,675 $2.2M Reduce -4.6%
SYK Stryker Corp. 0.20% 5,100 $1.8M Reduce -3.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 15,182 $1.7M Reduce -1.6%
VTWO Vanguard Russell 2000 ETF 0.19% 17,000 $1.7M No change
IVV iShares Core S&P 500 ETF 0.17% 2,269 $1.6M Reduce -0.9%
LLY Eli Lilly & Co. 0.17% 1,446 $1.6M New
LMT Lockheed Martin Corp. 0.16% 3,010 $1.5M New
WMT Walmart Inc. 0.16% 12,625 $1.4M No change
MCD McDonald's Corp. 0.16% 4,573 $1.4M Reduce -3.6%
ADBE Adobe Inc. 0.16% 3,976 $1.4M Reduce -23.4%
RIO Rio Tinto PLC-Spon ADR 0.15% 16,400 $1.3M Reduce -7.9%
RSP Invesco S&P 500 Equal Weight 0.13% 6,250 $1.2M No change
NVDA Nvidia Corp. 0.13% 6,010 $1.1M Add +104.8%
QUAL iShares MSCI USA Quality Fac 0.12% 5,540 $1.1M No change
DELL Dell Technologies -C 0.12% 8,488 $1.1M Add +7.6%
CAT Caterpillar Inc. 0.12% 1,800 $1.0M No change
DUK Duke Energy Corp. 0.11% 8,708 $1.0M Reduce -1.5%
QQQ Invesco QQQ Trust Series 1 0.11% 1,605 $986K Reduce -29.1%
PFE Pfizer Inc. 0.08% 28,650 $713K Reduce -7.7%
HII Huntington Ingalls Industrie 0.08% 2,035 $692K Add +96.6%
SOLS Solstice Adv Materials Inc. 0.08% 14,006 $680K Reduce -7.1%
DT Dynatrace Inc. 0.07% 15,000 $650K No change
TMO Thermo Fisher Scientific Inc. 0.07% 1,100 $637K Add +4.8%
FDX FedEx Corp. 0.07% 2,100 $607K Reduce -53.9%
LIN Linde PLC 0.07% 1,415 $603K No change
NVS Novartis AG-Sponsored ADR 0.07% 4,347 $599K No change
KVUE Kenvue Inc. 0.07% 33,802 $583K Reduce -0.3%
RGLD Royal Gold Inc. 0.06% 2,600 $578K No change
MMM 3M Co. 0.06% 3,536 $566K No change
VLTO Veralto Corp. 0.06% 5,546 $553K Add +1.2%
PANW Palo Alto Networks Inc. 0.06% 2,850 $525K No change
WDOFF Wesdome Gold Mines Ltd. 0.06% 30,250 $501K No change
ALAB Astera Labs Inc. 0.06% 3,000 $499K New
NSRGY Nestle SA-Spons ADR 0.05% 4,940 $488K No change
SLB SLB Ltd. filed as SLB LIMITED 0.05% 11,450 $439K Reduce -57.8%
FANG Diamondback Energy Inc. 0.05% 2,900 $436K No change
HD Home Depot Inc. 0.05% 1,250 $430K No change
BLK BlackRock Inc. 0.05% 400 $428K No change
PCAR Paccar Inc. 0.05% 3,900 $427K No change
PCT Purecycle Technologies Inc. 0.05% 48,700 $418K Add +86.6%
CL Colgate-Palmolive Co. 0.05% 5,120 $405K Reduce -8.3%
SO The Southern Co. 0.04% 4,629 $404K No change
SPGI S&P Global Inc. 0.04% 750 $392K No change
NXE Nexgen Energy Ltd. 0.04% 42,400 $390K Reduce -6.6%
HPE Hewlett Packard Enterprise 0.04% 15,800 $380K New
EPD Enterprise Products Partners 0.04% 9,800 $314K Reduce -36.0%
EMR Emerson Electric Co. 0.03% 2,250 $299K New
CCJ Cameco Corp. 0.03% 3,200 $293K Add +18.5%
CMA Comerica Inc. 0.03% 3,334 $290K No change
AMT American Tower Corp. 0.03% 1,650 $290K No change
D Dominion Energy Inc. 0.03% 4,655 $273K No change

Show all 114 holdings

Portfolio Sells Q3 2025 → Q4 2025
ORCL Oracle Corp. Reduce -0.5% 4.62% −2.53
VOO Vanguard S&P 500 ETF Reduce -24.2% 0.88% −0.33
VZ Verizon Communications Inc. Reduce -25.9% 0.52% −0.29
ADP Automatic Data Processing Reduce -15.1% 0.58% −0.25
KMB Kimberly-Clark Corp. Reduce -85.8% 0.03% −0.24
UNP Union Pacific Corp. Reduce -12.8% 0.81% −0.20
COP Conocophillips Reduce -23.7% 0.46% −0.19
CMCSA Comcast Corp. Class A Sold out 0.00% −0.17
MRK Merck & Co. Inc. Reduce -28.2% 0.59% −0.11
PEP Pepsico Inc. Reduce -4.4% 1.17% −0.11
ADBE Adobe Inc. Reduce -23.4% 0.16% −0.06
SLB SLB Ltd. Reduce -57.8% 0.05% −0.06
CVS CVS Health Corp. Reduce -11.1% 0.44% −0.06
FDX FedEx Corp. Reduce -53.9% 0.07% −0.06
QQQ Invesco QQQ Trust Series 1 Reduce -29.1% 0.11% −0.05
CI The Cigna Group Sold out 0.00% −0.05
PG The Procter & Gamble Co. Reduce -0.4% 0.31% −0.05
SYK Stryker Corp. Reduce -3.3% 0.20% −0.03
DORM Dorman Products Inc. Sold out 0.00% −0.03
REZI Resideo Technologies Inc. Sold out 0.00% −0.03
OVV Ovintiv Inc. Sold out 0.00% −0.02
DE Deere & Co. Reduce -4.6% 0.24% −0.02
BHP BHP Group Ltd.-Spon ADR Reduce -3.3% 1.26% −0.02
EPD Enterprise Products Partners Reduce -36.0% 0.04% −0.02
DIS The Walt Disney Co. Reduce -1.6% 0.19% −0.02
DUK Duke Energy Corp. Reduce -1.5% 0.11% −0.02
MCD McDonald's Corp. Reduce -3.6% 0.16% −0.02
PFE Pfizer Inc. Reduce -7.7% 0.08% −0.01
ACN Accenture PLC Class A Reduce -3.2% 0.99% −0.01
AAPL Apple Inc. Reduce -0.3% 6.46% −0.01
SOLS Solstice Adv Materials Inc. Reduce -7.1% 0.08% −0.01
IVV iShares Core S&P 500 ETF Reduce -0.9% 0.17% −0.01
AMGN Amgen Inc. Reduce -10.1% 0.37% −0.01
CL Colgate-Palmolive Co. Reduce -8.3% 0.05% −0.01
NEE Nextera Energy Inc. Reduce -1.3% 0.47% −0.01
KO The Coca-Cola Co. Reduce -0.9% 0.36% −0.01
NXE Nexgen Energy Ltd. Reduce -6.6% 0.04% −0.00
KVUE Kenvue Inc. Reduce -0.3% 0.07% −0.00
RIO Rio Tinto PLC-Spon ADR Reduce -7.9% 0.15% +0.01
JNJ Johnson & Johnson Reduce -1.8% 2.17% +0.06

Portfolio Buys Q3 2025 → Q4 2025
GOOG Alphabet Inc. Class C Add +1.0% 11.93% +2.16
GOOGL Alphabet Inc. Class A Add +1.7% 11.37% +2.11
CSCO Cisco Systems Inc. Add +218.7% 0.62% +0.43
IVOO Vanguard S&P Mid-Cap 400 ETF New 0.33% +0.33
AMZN Amazon.com Inc. Add +17.6% 2.21% +0.30
GLD SPDR Gold Shares Add +8.3% 2.29% +0.27
AMLP Alerian MLP ETF Add +23.7% 1.76% +0.25
JPM JPMorgan Chase & Co. Add +33.5% 1.02% +0.22
LLY Eli Lilly & Co. New 0.17% +0.17
AEM Agnico Eagle Mines Ltd. Add +26.8% 1.01% +0.16
LMT Lockheed Martin Corp. New 0.16% +0.16
XOM Exxon Mobil Corp. Add +28.5% 0.68% +0.15
PM Philip Morris International Add +19.2% 1.53% +0.15
SLV iShares Silver Trust Add +14.5% 0.31% +0.12
DHR Danaher Corp. Add +1.5% 0.90% +0.08
NVDA Nvidia Corp. Add +104.8% 0.13% +0.06
ALAB Astera Labs Inc. New 0.06% +0.06
HPE Hewlett Packard Enterprise New 0.04% +0.04
HII Huntington Ingalls Industrie Add +96.6% 0.08% +0.04
EMR Emerson Electric Co. New 0.03% +0.03
ACAD Acadia Pharmaceuticals Inc. New 0.03% +0.03
TPB Turning Point Brands Inc. New 0.02% +0.02
SIVR Abrdn Physical Silver Shares New 0.02% +0.02
MA Mastercard Inc. Class A Add +9.3% 0.65% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +9.5% 0.27% +0.01
TMO Thermo Fisher Scientific Inc. Add +4.8% 0.07% +0.01
PCT Purecycle Technologies Inc. Add +86.6% 0.05% +0.01
CCJ Cameco Corp. Add +18.5% 0.03% +0.01
GD General Dynamics Corp. Add +25.2% 0.03% +0.00
META Meta Platforms Inc. Class A Add +18.2% 0.42% −0.00
BDX Becton Dickinson and Co. Add +2.3% 0.44% −0.00
NKE Nike Inc. Class B Add +14.8% 0.43% −0.01
AVGO Broadcom Inc. Add +0.6% 0.70% −0.01
VLTO Veralto Corp. Add +1.2% 0.06% −0.01
DELL Dell Technologies -C Add +7.6% 0.12% −0.01
AON Aon PLC Class A Add +2.9% 0.85% −0.04
CVX Chevron Corp. Add +3.6% 1.23% −0.06
UNH Unitedhealth Group Inc. Add +1.7% 1.12% −0.11
V Visa Inc. Class A Add +1.2% 5.61% −0.14
HON Honeywell International Inc. Add +2.0% 1.34% −0.17
BRK.B Berkshire Hathaway Inc. Class B Add +0.8% 3.27% −0.19
ABBV Abbvie Inc. Add +0.9% 2.84% −0.20
COST Costco Wholesale Corp. Add +0.1% 4.73% −0.68
MSFT Microsoft Corp. Add +2.3% 9.78% −1.14

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