Violich Capital Management, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 8, 2026), Violich Capital Management, Inc. reported 118 stock positions worth $855.4 million. Its top holding was Alphabet Class C (GOOG) at 11.4% of the portfolio, followed by Alphabet Class A (GOOGL, 10.9%) and Microsoft (MSFT, 7.8%). Compared with Q4 2025, it opened 10 new positions, sold out of 6, added to 24 and reduced 45. The biggest buy was Chevron (CVX, shares +2%) and the biggest sale Microsoft (MSFT, shares −1%).

Most Recent 13F
Q2 2026
Location
MILL VALLEY, CA
CIK
0001326766
Portfolio Value
$855.4M (Q1 2026)
SEC Filing
0001326766-26-000003 ↗ filed Apr 8, 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 Q4 2025 Q1 2026: $855.4M $855.4M Q1 2026 Q2 2026: $919.3M Q2 2026

Holdings 118 stocks · $855.4M
GOOG Alphabet Inc. Class C 11.38% 339,416 $97.4M Reduce -0.4%
GOOGL Alphabet Inc. Class A 10.93% 325,193 $93.5M Reduce -0.1%
MSFT Microsoft Corp. 7.77% 179,632 $66.5M Reduce -0.9%
AAPL Apple Inc. 6.26% 210,877 $53.5M Reduce -1.0%
COST Costco Wholesale Corp. 5.64% 48,404 $48.2M Reduce -1.5%
V Visa Inc. Class A 5.00% 141,658 $42.8M Reduce -1.2%
ORCL Oracle Corp. 3.35% 194,735 $28.6M Reduce -8.3%
BRK.B Berkshire Hathaway Inc. Class B 3.23% 57,606 $27.6M Reduce -1.0%
ABBV Abbvie Inc. 2.81% 110,479 $24.0M Reduce -0.8%
JNJ Johnson & Johnson 2.62% 91,538 $22.4M Reduce -2.7%
GLD SPDR Gold Shares 2.61% 51,926 $22.3M Add +0.1%
LRCX Lam Research Corp. 2.50% 100,250 $21.4M No change
AMZN Amazon.com Inc. 2.09% 85,714 $17.9M Add +0.1%
AMLP Alerian MLP ETF 2.08% 337,595 $17.8M Add +0.5%
CVX Chevron Corp. 1.79% 73,898 $15.3M Add +2.0%
PM Philip Morris International 1.67% 86,445 $14.3M Add +1.0%
HON Honeywell International Inc. 1.62% 61,236 $13.8M Reduce -0.5%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 1.59% 186,929 $13.6M Add +0.3%
PEP Pepsico Inc. 1.31% 72,124 $11.2M Reduce -1.2%
AEM Agnico Eagle Mines Ltd. 1.30% 54,840 $11.1M Add +2.9%
XOM Exxon Mobil Corp. 1.06% 53,360 $9.1M Add +6.0%
UNH Unitedhealth Group Inc. 0.98% 31,004 $8.4M Add +2.3%
JPM JPMorgan Chase & Co. 0.97% 28,182 $8.3M Reduce -0.3%
VOO Vanguard S&P 500 ETF 0.92% 13,127 $7.8M Add +4.9%
UNP Union Pacific Corp. 0.89% 31,475 $7.6M Add +0.1%
AON Aon PLC Class A 0.81% 21,365 $6.9M Reduce -1.1%
DHR Danaher Corp. 0.75% 33,984 $6.4M Reduce -3.3%
ACN Accenture PLC Class A 0.75% 32,381 $6.4M Reduce -2.4%
MRK Merck & Co. Inc. 0.71% 50,257 $6.0M Add +0.1%
CSCO Cisco Systems Inc. 0.67% 74,135 $5.8M Add +3.6%
VZ Verizon Communications Inc. 0.66% 113,060 $5.7M Reduce -0.4%
AVGO Broadcom Inc. 0.65% 18,075 $5.6M Reduce -0.7%
IVOO Vanguard S&P Mid-Cap 400 ETF 0.60% 44,795 $5.1M Add +69.0%
MA Mastercard Inc. Class A 0.60% 10,188 $5.1M Reduce -0.8%
NEE Nextera Energy Inc. 0.57% 52,397 $4.9M No change
GS Goldman Sachs Group Inc. 0.50% 5,050 $4.3M Reduce -1.0%
COP Conocophillips 0.46% 29,689 $3.9M Reduce -33.1%
KO The Coca-Cola Co. 0.41% 46,097 $3.5M No change
AMGN Amgen Inc. 0.40% 9,750 $3.4M Reduce -4.9%
CVS CVS Health Corp. 0.40% 47,697 $3.4M Reduce -4.6%
ADP Automatic Data Processing 0.40% 16,852 $3.4M Reduce -17.3%
NKE Nike Inc. Class B 0.40% 64,210 $3.4M Add +6.9%
META Meta Platforms Inc. Class A 0.37% 5,575 $3.2M Reduce -2.6%
BDX Becton Dickinson and Co. 0.34% 18,569 $2.9M Reduce -8.5%
SLV iShares Silver Trust 0.34% 42,310 $2.9M Reduce -1.2%
PG The Procter & Gamble Co. 0.33% 19,564 $2.8M No change
AMD Advanced Micro Devices 0.31% 13,100 $2.7M No change
DE Deere & Co. 0.31% 4,675 $2.6M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.26% 3,407 $2.2M Reduce -4.5%
CPAY Corpay Inc. 0.24% 7,200 $2.1M Reduce -1.4%
LMT Lockheed Martin Corp. 0.24% 3,410 $2.1M Add +13.3%
VTWO Vanguard Russell 2000 ETF 0.20% 17,000 $1.7M No change
IVV iShares Core S&P 500 ETF 0.19% 2,479 $1.6M Add +9.3%
WMT Walmart Inc. 0.18% 12,625 $1.6M No change
RIO Rio Tinto PLC-Spon ADR 0.18% 16,400 $1.5M No change
NVDA Nvidia Corp. 0.18% 8,755 $1.5M Add +45.7%
LLY Eli Lilly & Co. 0.18% 1,646 $1.5M Add +13.8%
SYK Stryker Corp. 0.18% 4,600 $1.5M Reduce -9.8%
MCD McDonald's Corp. 0.17% 4,673 $1.5M Add +2.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 14,982 $1.4M Reduce -1.3%
VFIAX Vanguard 500 Index-Adm 0.16% 2,333 $1.4M New
DELL Dell Technologies -C 0.16% 8,488 $1.4M No change
CAT Caterpillar Inc. 0.15% 1,800 $1.3M No change
DUK Duke Energy Corp. 0.13% 8,708 $1.1M No change
QUAL iShares MSCI USA Quality Fac 0.12% 5,500 $1.1M Reduce -0.7%
SOLS Solstice Adv Materials Inc. 0.12% 13,474 $1.0M Reduce -3.8%
ADBE Adobe Inc. 0.11% 3,976 $966K No change
HII Huntington Ingalls Industrie 0.11% 2,460 $935K Add +20.9%
QQQ Invesco QQQ Trust Series 1 0.11% 1,591 $918K Reduce -0.9%
WAT Waters Corp. 0.10% 2,886 $859K New
EMR Emerson Electric Co. 0.10% 6,525 $855K Add +190.0%
PFE Pfizer Inc. 0.09% 27,650 $776K Reduce -3.5%
FDX FedEx Corp. 0.09% 2,100 $748K No change
LIN Linde PLC 0.08% 1,415 $702K No change
RGLD Royal Gold Inc. 0.07% 2,500 $636K Reduce -3.9%
NVS Novartis AG-Sponsored ADR 0.07% 4,047 $618K Reduce -6.9%
SLB SLB Ltd. filed as SLB LIMITED 0.07% 11,450 $588K No change
KVUE Kenvue Inc. 0.07% 32,686 $564K Reduce -3.3%
DT Dynatrace Inc. 0.06% 15,000 $555K No change
WDOFF Wesdome Gold Mines Ltd. 0.06% 30,450 $542K Add +0.7%
TMO Thermo Fisher Scientific Inc. 0.06% 1,100 $541K No change
MMM 3M Co. 0.06% 3,536 $514K No change
VLTO Veralto Corp. 0.06% 5,546 $490K No change
VEXAX Vanguard Ext MKT Indx-Adm 0.06% 3,095 $483K New
NSRGY Nestle SA-Spons ADR 0.06% 4,840 $480K Reduce -2.0%
NXE Nexgen Energy Ltd. 0.06% 41,000 $476K Reduce -3.3%
PCAR Paccar Inc. 0.05% 3,900 $450K No change
SO The Southern Co. 0.05% 4,629 $447K No change
CL Colgate-Palmolive Co. 0.05% 5,120 $436K No change
HD Home Depot Inc. 0.05% 1,250 $411K No change
ROST Ross Stores Inc. 0.05% 1,850 $401K New
PANW Palo Alto Networks Inc. 0.04% 2,400 $385K Reduce -15.8%
BLK BlackRock Inc. 0.04% 400 $385K No change
HPE Hewlett Packard Enterprise 0.04% 15,800 $376K No change
EPD Enterprise Products Partners 0.04% 9,550 $361K Reduce -2.5%
AGTHX Amer FND GRW FD of Am-A 0.04% 4,849 $359K New
CCJ Cameco Corp. 0.04% 3,200 $348K No change
ALAB Astera Labs Inc. 0.04% 3,000 $329K No change
SPGI S&P Global Inc. 0.04% 750 $319K No change
PCT Purecycle Technologies Inc. 0.04% 61,000 $317K Add +25.3%
VTSAX VNGD Mrngst TS MK Idx FD-Adm filed as VANGUARD TOTAL STOCK MKT IDX ADM 0.04% 2,000 $312K New
AGI Alamos Gold Inc. Class A 0.04% 7,000 $311K No change
OVV Ovintiv Inc. 0.03% 5,000 $297K New
FITB Fifth Third Bancorp 0.03% 6,222 $289K New
AMT American Tower Corp. 0.03% 1,650 $285K No change
GD General Dynamics Corp. 0.03% 745 $256K No change
D Dominion Energy Inc. 0.03% 4,055 $251K Reduce -12.9%
RTX RTX Corp. 0.03% 1,250 $241K No change
MCHP Microchip Technology Inc. 0.03% 3,500 $226K No change
SCHW Schwab (charles) Corp. 0.03% 2,400 $226K No change
VMD Viemed Healthcare Inc. 0.03% 24,450 $225K New
KMB Kimberly-Clark Corp. 0.03% 2,296 $221K Reduce -9.8%
BA The Boeing Co. 0.03% 1,100 $219K No change
VIMAX VNGD Mrngst MD-CP Idx FD-Adm 0.03% 604 $215K New
SIVR Abrdn Physical Silver Shares 0.03% 3,000 $215K No change
ACMR Acm Research Inc. Class A 0.02% 5,350 $211K Reduce -9.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 730 $210K No change
ACAD Acadia Pharmaceuticals Inc. 0.02% 9,025 $201K No change

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -0.9% 7.77% −2.01
ORCL Oracle Corp. Reduce -8.3% 3.35% −1.27
V Visa Inc. Class A Reduce -1.2% 5.00% −0.61
GOOG Alphabet Inc. Class C Reduce -0.4% 11.38% −0.55
GOOGL Alphabet Inc. Class A Reduce -0.1% 10.93% −0.44
ACN Accenture PLC Class A Reduce -2.4% 0.75% −0.24
AAPL Apple Inc. Reduce -1.0% 6.26% −0.20
ADP Automatic Data Processing Reduce -17.3% 0.40% −0.18
DHR Danaher Corp. Reduce -3.3% 0.75% −0.14
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.13
BDX Becton Dickinson and Co. Reduce -8.5% 0.34% −0.10
MA Mastercard Inc. Class A Reduce -0.8% 0.60% −0.06
AVGO Broadcom Inc. Reduce -0.7% 0.65% −0.05
META Meta Platforms Inc. Class A Reduce -2.6% 0.37% −0.05
FANG Diamondback Energy Inc. Sold out 0.00% −0.05
JPM JPMorgan Chase & Co. Reduce -0.3% 0.97% −0.05
AON Aon PLC Class A Reduce -1.1% 0.81% −0.04
CVS CVS Health Corp. Reduce -4.6% 0.40% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 3.23% −0.04
CMA Comerica Inc. Sold out 0.00% −0.03
ABBV Abbvie Inc. Reduce -0.8% 2.81% −0.03
WFC Wells Fargo & Co. Sold out 0.00% −0.03
ACIW Aci Worldwide Inc. Sold out 0.00% −0.02
DIS The Walt Disney Co. Reduce -1.3% 0.17% −0.02
TPB Turning Point Brands Inc. Sold out 0.00% −0.02
SYK Stryker Corp. Reduce -9.8% 0.18% −0.02
PANW Palo Alto Networks Inc. Reduce -15.8% 0.04% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.5% 0.26% −0.01
COP Conocophillips Reduce -33.1% 0.46% −0.01
KMB Kimberly-Clark Corp. Reduce -9.8% 0.03% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.9% 0.11% −0.00
ACMR Acm Research Inc. Class A Reduce -9.3% 0.02% −0.00
D Dominion Energy Inc. Reduce -12.9% 0.03% −0.00
GS Goldman Sachs Group Inc. Reduce -1.0% 0.50% −0.00
CPAY Corpay Inc. Reduce -1.4% 0.24% −0.00
QUAL iShares MSCI USA Quality Fac Reduce -0.7% 0.12% +0.00
KVUE Kenvue Inc. Reduce -3.3% 0.07% +0.00
NSRGY Nestle SA-Spons ADR Reduce -2.0% 0.06% +0.00
NVS Novartis AG-Sponsored ADR Reduce -6.9% 0.07% +0.01
EPD Enterprise Products Partners Reduce -2.5% 0.04% +0.01
RGLD Royal Gold Inc. Reduce -3.9% 0.07% +0.01
PFE Pfizer Inc. Reduce -3.5% 0.09% +0.01
NXE Nexgen Energy Ltd. Reduce -3.3% 0.06% +0.01
AMGN Amgen Inc. Reduce -4.9% 0.40% +0.03
SLV iShares Silver Trust Reduce -1.2% 0.34% +0.03
SOLS Solstice Adv Materials Inc. Reduce -3.8% 0.12% +0.04
PEP Pepsico Inc. Reduce -1.2% 1.31% +0.14
VZ Verizon Communications Inc. Reduce -0.4% 0.66% +0.15
HON Honeywell International Inc. Reduce -0.5% 1.62% +0.28
JNJ Johnson & Johnson Reduce -2.7% 2.62% +0.44

Portfolio Buys Q4 2025 → Q1 2026
CVX Chevron Corp. Add +2.0% 1.79% +0.56
XOM Exxon Mobil Corp. Add +6.0% 1.06% +0.38
BHP BHP Group Ltd.-Spon ADR Add +0.3% 1.59% +0.33
GLD SPDR Gold Shares Add +0.1% 2.61% +0.32
AMLP Alerian MLP ETF Add +0.5% 2.08% +0.32
AEM Agnico Eagle Mines Ltd. Add +2.9% 1.30% +0.29
IVOO Vanguard S&P Mid-Cap 400 ETF Add +69.0% 0.60% +0.27
VFIAX Vanguard 500 Index-Adm New 0.16% +0.16
PM Philip Morris International Add +1.0% 1.67% +0.14
MRK Merck & Co. Inc. Add +0.1% 0.71% +0.12
WAT Waters Corp. New 0.10% +0.10
UNP Union Pacific Corp. Add +0.1% 0.89% +0.08
LMT Lockheed Martin Corp. Add +13.3% 0.24% +0.08
EMR Emerson Electric Co. Add +190.0% 0.10% +0.07
CSCO Cisco Systems Inc. Add +3.6% 0.67% +0.06
VEXAX Vanguard Ext MKT Indx-Adm New 0.06% +0.06
NVDA Nvidia Corp. Add +45.7% 0.18% +0.05
ROST Ross Stores Inc. New 0.05% +0.05
AGTHX Amer FND GRW FD of Am-A New 0.04% +0.04
VOO Vanguard S&P 500 ETF Add +4.9% 0.92% +0.04
VTSAX VNGD Mrngst TS MK Idx FD-Adm New 0.04% +0.04
OVV Ovintiv Inc. New 0.03% +0.03
FITB Fifth Third Bancorp New 0.03% +0.03
HII Huntington Ingalls Industrie Add +20.9% 0.11% +0.03
VMD Viemed Healthcare Inc. New 0.03% +0.03
VIMAX VNGD Mrngst MD-CP Idx FD-Adm New 0.03% +0.03
IVV iShares Core S&P 500 ETF Add +9.3% 0.19% +0.02
MCD McDonald's Corp. Add +2.2% 0.17% +0.01
WDOFF Wesdome Gold Mines Ltd. Add +0.7% 0.06% +0.01
LLY Eli Lilly & Co. Add +13.8% 0.18% +0.00
PCT Purecycle Technologies Inc. Add +25.3% 0.04% −0.01
NKE Nike Inc. Class B Add +6.9% 0.40% −0.03
AMZN Amazon.com Inc. Add +0.1% 2.09% −0.12
UNH Unitedhealth Group Inc. Add +2.3% 0.98% −0.14

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