Windward Capital Management Co.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), Windward Capital Management Co. reported 73 stock positions worth $1.3 billion. Its top holding was Apple (AAPL) at 16.7% of the portfolio, followed by Amazon.com (AMZN, 6.9%) and Alphabet Class C (GOOG, 6.8%). Compared with Q3 2025, it opened 1 new position and reduced 72. The biggest buy was a new position in Cigna (CI) and the biggest sale Fiserv (FISV, shares −3%).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0001078635
Portfolio Value
$1.3B (Q4 2025)
SEC Filing
0001172661-26-000370 ↗ filed Jan 28, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.3B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B $1.3B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 73 stocks · $1.3B
AAPL Apple Inc. 16.73% 776,677 $211.1M Reduce -3.5%
AMZN Amazon.com Inc. 6.86% 375,131 $86.6M Reduce -3.3%
GOOG Alphabet Inc. Class C 6.84% 275,046 $86.3M Reduce -3.2%
GOOGL Alphabet Inc. Class A 6.80% 274,272 $85.8M Reduce -3.3%
COST Costco Wholesale Corp. 4.55% 66,569 $57.4M Reduce -3.2%
CRM Salesforce Inc. 3.85% 183,283 $48.6M Reduce -3.2%
BLK BlackRock Inc. 3.17% 37,423 $40.1M Reduce -3.4%
LIN Linde PLC 2.82% 83,487 $35.6M Reduce -3.7%
NEE Nextera Energy Inc. 2.67% 420,538 $33.8M Reduce -3.4%
MAR Marriott International Class A 2.58% 104,871 $32.5M Reduce -3.2%
ACN Accenture PLC Class A 2.52% 118,790 $31.9M Reduce -3.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 2.31% 189,447 $29.1M Reduce -3.1%
CMI Cummins Inc. 2.13% 52,628 $26.9M Reduce -3.0%
LMT Lockheed Martin Corp. 2.09% 54,468 $26.3M Reduce -3.5%
DHI D.R. Horton Inc. 2.06% 180,547 $26.0M Reduce -3.5%
RTX RTX Corp. 1.96% 135,133 $24.8M Reduce -3.5%
CME Cme Group Inc. 1.81% 83,827 $22.9M Reduce -3.8%
CVS CVS Health Corp. 1.79% 285,328 $22.6M Reduce -2.6%
TER Teradyne Inc. 1.53% 99,757 $19.3M Reduce -3.3%
TMO Thermo Fisher Scientific Inc. 1.51% 32,925 $19.1M Reduce -3.4%
NKE Nike Inc. Class B 1.50% 297,597 $19.0M Reduce -2.8%
PG The Procter & Gamble Co. 1.49% 131,177 $18.8M Reduce -3.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.39% 154,675 $17.6M Reduce -3.9%
ZTS Zoetis Inc. 1.35% 135,642 $17.1M Reduce -3.0%
CNI Canadian Natl Railway Co. 1.35% 172,300 $17.0M Reduce -2.9%
PEP Pepsico Inc. 1.26% 110,652 $15.9M Reduce -4.0%
STX Seagate Technology Holdings 1.14% 52,255 $14.4M Reduce -6.5%
FISV Fiserv Inc. 1.04% 195,936 $13.2M Reduce -3.4%
MSFT Microsoft Corp. 0.98% 25,475 $12.3M Reduce -6.7%
BA The Boeing Co. 0.73% 42,243 $9.2M Reduce -4.0%
WELL Welltower Inc. 0.63% 42,995 $8.0M Reduce -6.0%
WMT Walmart Inc. 0.63% 71,229 $7.9M Reduce -7.0%
CARR Carrier Global Corp. 0.60% 143,017 $7.6M Reduce -3.7%
DUK Duke Energy Corp. 0.59% 63,298 $7.4M Reduce -6.3%
CMCSA Comcast Corp. Class A 0.58% 244,688 $7.3M Reduce -2.4%
AMGN Amgen Inc. 0.54% 20,694 $6.8M Reduce -2.9%
DE Deere & Co. 0.52% 14,121 $6.6M Reduce -6.6%
OTIS Otis Worldwide Corp. 0.51% 73,434 $6.4M Reduce -3.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.50% 21,426 $6.3M Reduce -6.4%
ASML ASML Holding NV-NY Reg SHS 0.48% 5,699 $6.1M Reduce -3.4%
WM Waste Management Inc. 0.47% 27,095 $6.0M Reduce -6.7%
ADP Automatic Data Processing 0.42% 20,691 $5.3M Reduce -6.4%
ETN Eaton Corp. PLC 0.40% 16,047 $5.1M Reduce -6.6%
CTVA Corteva Inc. 0.39% 73,322 $4.9M Reduce -3.1%
PM Philip Morris International 0.36% 28,410 $4.6M Reduce -6.3%
UNP Union Pacific Corp. 0.36% 19,572 $4.5M Reduce -6.1%
EMR Emerson Electric Co. 0.35% 33,335 $4.4M Reduce -6.6%
HD Home Depot Inc. 0.34% 12,339 $4.2M Reduce -6.3%
T AT&T Inc. 0.29% 149,863 $3.7M Reduce -6.0%
Q Qnity Electronics Inc. 0.24% 37,494 $3.1M Reduce -3.4%
DD Dupont DE Nemours Inc. 0.24% 75,409 $3.0M Reduce -2.8%
MRK Merck & Co. Inc. 0.22% 25,951 $2.7M Reduce -6.2%
PCH Potlatchdeltic Corp. 0.20% 65,059 $2.6M Reduce -6.3%
VZ Verizon Communications Inc. 0.19% 60,103 $2.4M Reduce -5.5%
WY Weyerhaeuser Co. 0.18% 94,324 $2.2M Reduce -6.3%
KMB Kimberly-Clark Corp. 0.17% 21,509 $2.2M Reduce -6.2%
PFE Pfizer Inc. 0.14% 72,758 $1.8M Reduce -5.6%
LYB Lyondellbasell Indu Class A 0.10% 29,376 $1.3M Reduce -4.2%
DOW Dow Inc. 0.09% 47,391 $1.1M Reduce -6.0%
KEYS Keysight Technologies Inc. 0.05% 3,225 $655K Reduce -1.8%
ROP Roper Technologies Inc. 0.05% 1,318 $587K Reduce -1.4%
PANW Palo Alto Networks Inc. 0.04% 2,926 $539K Reduce -1.8%
WAB Wabtec Corp. 0.04% 2,333 $498K Reduce -1.7%
A Agilent Technologies Inc. 0.04% 3,644 $496K Reduce -1.6%
TSCO Tractor Supply Company 0.04% 8,834 $442K Reduce -1.0%
ROST Ross Stores Inc. 0.03% 1,955 $352K Reduce -1.5%
CI The Cigna Group 0.03% 1,170 $322K New
ADBE Adobe Inc. 0.03% 914 $320K Reduce -2.0%
YUM Yum! Brands Inc. 0.02% 2,003 $303K Reduce -0.6%
MUFG Mitsubishi Ufj Finl-Spon ADR 0.02% 18,478 $293K Reduce -1.7%
TMUS T-Mobile US Inc. 0.02% 1,414 $287K Reduce -0.4%
APD Air Products & Chemicals Inc. 0.02% 1,161 $287K Reduce -1.6%
SBUX Starbucks Corp. 0.02% 3,386 $285K Reduce -0.4%

Portfolio Sells Q3 2025 → Q4 2025
FISV Fiserv Inc. Reduce -3.4% 1.04% −1.04
COST Costco Wholesale Corp. Reduce -3.2% 4.55% −0.53
DHI D.R. Horton Inc. Reduce -3.5% 2.06% −0.47
LIN Linde PLC Reduce -3.7% 2.82% −0.47
BLK BlackRock Inc. Reduce -3.4% 3.17% −0.43
ZTS Zoetis Inc. Reduce -3.0% 1.35% −0.28
DD Dupont DE Nemours Inc. Reduce -2.8% 0.24% −0.24
NKE Nike Inc. Class B Reduce -2.8% 1.50% −0.20
PG The Procter & Gamble Co. Reduce -3.5% 1.49% −0.18
LMT Lockheed Martin Corp. Reduce -3.5% 2.09% −0.16
MSFT Microsoft Corp. Reduce -6.7% 0.98% −0.15
CARR Carrier Global Corp. Reduce -3.7% 0.60% −0.11
ETN Eaton Corp. PLC Reduce -6.6% 0.40% −0.11
ADP Automatic Data Processing Reduce -6.4% 0.42% −0.10
HD Home Depot Inc. Reduce -6.3% 0.34% −0.09
DUK Duke Energy Corp. Reduce -6.3% 0.59% −0.08
DIS The Walt Disney Co. Reduce -3.9% 1.39% −0.08
T AT&T Inc. Reduce -6.0% 0.29% −0.06
CME Cme Group Inc. Reduce -3.8% 1.81% −0.06
KMB Kimberly-Clark Corp. Reduce -6.2% 0.17% −0.06
CMCSA Comcast Corp. Class A Reduce -2.4% 0.58% −0.05
OTIS Otis Worldwide Corp. Reduce -3.7% 0.51% −0.05
WM Waste Management Inc. Reduce -6.7% 0.47% −0.04
UNP Union Pacific Corp. Reduce -6.1% 0.36% −0.03
PEP Pepsico Inc. Reduce -4.0% 1.26% −0.03
PM Philip Morris International Reduce -6.3% 0.36% −0.03
BA The Boeing Co. Reduce -4.0% 0.73% −0.03
DE Deere & Co. Reduce -6.6% 0.52% −0.03
VZ Verizon Communications Inc. Reduce -5.5% 0.19% −0.03
EMR Emerson Electric Co. Reduce -6.6% 0.35% −0.02
WY Weyerhaeuser Co. Reduce -6.3% 0.18% −0.02
PCH Potlatchdeltic Corp. Reduce -6.3% 0.20% −0.02
LYB Lyondellbasell Indu Class A Reduce -4.2% 0.10% −0.02
CTVA Corteva Inc. Reduce -3.1% 0.39% −0.02
WELL Welltower Inc. Reduce -6.0% 0.63% −0.02
PFE Pfizer Inc. Reduce -5.6% 0.14% −0.01
IBM Intl Business Machines Corp. Reduce -6.4% 0.50% −0.01
Q Qnity Electronics Inc. Reduce -3.4% 0.24% −0.01
ROP Roper Technologies Inc. Reduce -1.4% 0.05% −0.01
PANW Palo Alto Networks Inc. Reduce -1.8% 0.04% −0.01
TSCO Tractor Supply Company Reduce -1.0% 0.04% −0.01
DOW Dow Inc. Reduce -6.0% 0.09% −0.00
TMUS T-Mobile US Inc. Reduce -0.4% 0.02% −0.00
APD Air Products & Chemicals Inc. Reduce -1.6% 0.02% −0.00
ADBE Adobe Inc. Reduce -2.0% 0.03% −0.00
MUFG Mitsubishi Ufj Finl-Spon ADR Reduce -1.7% 0.02% −0.00
WMT Walmart Inc. Reduce -7.0% 0.63% −0.00
YUM Yum! Brands Inc. Reduce -0.6% 0.02% −0.00
SBUX Starbucks Corp. Reduce -0.4% 0.02% −0.00
A Agilent Technologies Inc. Reduce -1.6% 0.04% +0.00

Portfolio Buys Q3 2025 → Q4 2025
CI The Cigna Group New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 73$1.3BAAPL, GOOGL, GOOG, AMZN, COST
Q1 2026 69$1.2BAAPL, GOOG, GOOGL, AMZN, COST
Q4 2025 73$1.3BAAPL, AMZN, GOOG, GOOGL, COST
Q3 2025 71$1.3BAAPL, AMZN, GOOG, GOOGL, COST
Q2 2025 71$1.2BAAPL, AMZN, COST, CRM, GOOG
Q1 2025 71$1.2BAAPL, AMZN, COST, CRM, FISV
Q4 2024 84$1.3BAAPL, AMZN, COST, CRM, GOOG
Q3 2024 84$1.3BAAPL, AMZN, COST, CRM, GOOG
Q2 2024 73$1.2BAAPL, AMZN, COST, GOOG, GOOGL
Q1 2024Amended 74$1.2BAAPL, AMZN, CRM, COST, GOOG