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Asset Manager ← All Institutions

DAVIDSON INVESTMENT ADVISORS

8 THIRD STREET NORTH, GREAT FALLS, MT 59401 • 4067917314

Q2 2025 · Filed 2025-07-28
Market Value
$2.2B
+9.9%
Holdings
122
New Purchases
5
Added To
73
Closed
4
Reduced
26
Top 10 Concentration
32.9%
Turnover
7.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IXUS 6.00% 0.01% +5.99% $132M
MSFT 4.93% 4.06% +0.87% $108M
BRBR 0.84% 0.00% +0.84% $18M
TSM 2.24% 1.51% +0.73% $49M
AVGO 1.77% 1.18% +0.60% $39M
META 1.34% 0.88% +0.46% $29M
LIN 0.41% 0.00% +0.41% $9M
AMZN 4.38% 3.97% +0.41% $96M
NVDA 1.60% 1.20% +0.40% $35M
QCOM 0.88% 0.52% +0.36% $19M
LOW 0.71% 0.42% +0.29% $16M
GS 1.67% 1.41% +0.26% $37M
ANET 1.40% 1.15% +0.24% $31M
ETN 1.35% 1.11% +0.24% $30M
INTU 1.56% 1.32% +0.24% $34M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IDEV 0.87% 5.37% -4.50% $19M
VB 0.30% 1.85% -1.55% $7M
WMT 1.25% 2.43% -1.18% $27M
JNJ 0.04% 0.96% -0.92% $980K
UNH 0.00% 0.84% -0.84% $0
MU 0.01% 0.69% -0.68% $203K
AAPL 3.40% 4.04% -0.65% $74M
BDX 0.84% 1.28% -0.44% $18M
CVX 1.41% 1.80% -0.39% $31M
BMY 0.61% 0.92% -0.30% $13M
VRTX 1.29% 1.53% -0.24% $28M
TMUS 1.09% 1.32% -0.23% $24M
MDT 1.50% 1.68% -0.19% $33M
FDX 0.87% 1.05% -0.18% $19M
TRNO 0.72% 0.88% -0.16% $16M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 25.8%
Technology 23.4%
Healthcare 11.1%
Communication Services 8.8%
Industrials 8.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 39 $917M 41.9%
Large Cap 65 $1.1B 49.0%
Mid Cap 13 $139M 6.3%
Small Cap 4 $61M 2.8%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$432.9B
Median Market Cap
$106.5B
Avg P/E
33.2
Median P/E
26.1
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
90
# ETFs / Funds
32

Top Holdings (122 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IXUS 6.00% 1,701,327 $132M $77.31 $131M +1,697,204 +41164.3%
2 MSFT 4.93% 217,232 $108M $497.41 $27M +1,716 +0.8%
3 AMZN 4.38% 437,086 $96M $219.39 $17M +21,039 +5.1%
4 GOOG 3.85% 474,914 $84M $177.39 $10M +2,549 +0.5%
5 AAPL 3.40% 362,628 $74M $205.17 -$6M -218 -0.1%
6 RTX 2.43% 364,458 $53M $146.02 $4M -4,123 -1.1%
7 TSM 2.24% 216,669 $49M $226.49 $19M +35,637 +19.7%
8 HON 2.03% 190,808 $44M $232.88 $4M +1,242 +0.7%
9 LH 1.91% 159,630 $42M $262.51 $5M +860 +0.5%
10 AVGO 1.77% 140,980 $39M $275.65 $15M +925 +0.7%
11 C 1.74% 448,905 $38M $85.12 $6M +977 +0.2%
12 GS 1.67% 51,714 $37M $707.74 $8M +155 +0.3%
13 NFLX 1.66% 27,223 $36M $1,339.13 $7M -4,792 -15.0%
14 NVDA 1.60% 222,191 $35M $157.99 $11M +1,916 +0.9%
15 AGNCZ 1.60% 3,813,681 $35M $9.19 $2M +385,400 +11.2%
16 INTU 1.56% 43,399 $34M $787.63 $8M +412 +1.0%
17 SRE 1.52% 438,774 $33M $75.77 $2M +5,467 +1.3%
18 MDT 1.50% 375,859 $33M $87.17 -$758K +2,820 +0.8%
19 V 1.45% 89,327 $32M $355.05 $386K -68 -0.1%
20 CVX 1.41% 215,495 $31M $143.19 -$5M +644 +0.3%
21 ANET 1.40% 299,571 $31M $102.31 $8M +2,696 +0.9%
22 ETN 1.35% 82,922 $30M $356.99 $7M +1,316 +1.6%
23 META 1.34% 39,761 $29M $738.10 $12M +9,224 +30.2%
24 FTNT 1.32% 273,670 $29M $105.72 $3M +2,973 +1.1%
25 VRTX 1.29% 63,689 $28M $445.20 -$2M +806 +1.3%
26 WMT 1.25% 279,751 $27M $97.78 -$21M -271,329 -49.2%
27 CSCO 1.20% 377,906 $26M $69.38 $3M -3,402 -0.9%
28 HD 1.11% 66,612 $24M $366.64 $250K +656 +1.0%
29 DT 1.11% 440,047 $24M $55.21 $4M +5,329 +1.2%
30 TMUS 1.09% 99,839 $24M $238.26 -$3M +1,143 +1.2%
31 PGR 1.04% 85,657 $23M $266.86 -$1M +767 +0.9%
32 VFMO 1.04% 132,299 $23M $172.52 $4M +4,967 +3.9%
33 CRM 1.04% 83,695 $23M $272.69 -$38K -1,493 -1.8%
34 SCHW 1.03% 247,078 $23M $91.24 $3M +2,870 +1.2%
35 GIL 1.02% 452,753 $22M $49.24 $2M +4,748 +1.1%
36 CI 1.00% 66,080 $22M $330.58 $395K +884 +1.4%
37 ADI 0.99% 91,581 $22M $238.02 $4M +1,180 +1.3%
38 SLAB 0.98% 145,982 $22M $147.36 $5M +1,480 +1.0%
39 EOG 0.94% 172,238 $21M $119.61 -$1M +2,055 +1.2%
40 PYPL 0.92% 271,370 $20M $74.32 $3M +3,408 +1.3%
41 STZ 0.90% 121,073 $20M $162.68 $3M +29,652 +32.4%
42 EUSA 0.90% 197,975 $20M $99.12 $2M +6,028 +3.1%
43 TRMB 0.89% 256,470 $19M $75.98 $3M +957 +0.4%
44 QCOM 0.88% 121,052 $19M $159.26 $9M +54,174 +81.0%
45 BAC 0.88% 405,268 $19M $47.32 $2M +3,886 +1.0%
46 FDX 0.87% 84,065 $19M $227.31 -$2M -1,849 -2.1%
47 IDEV 0.87% 250,920 $19M $76.04 -$88M -1,303,000 -83.8%
48 CTVA 0.85% 250,008 $19M $74.53 $3M +3,155 +1.3%
49 BA 0.85% 88,478 $19M $209.53 $4M +991 +1.1%
50 BDX 0.84% 106,930 $18M $172.25 -$7M -4,486 -4.0%
51 BRBR 0.84% 316,895 $18M $57.93 +316,895 NEW
52 CPT 0.83% 161,435 $18M $112.69 -$2M +346 +0.2%
53 OTIS 0.81% 179,159 $18M $99.02 -$533K +2,093 +1.2%
54 VTEB 0.81% 361,298 $18M $49.03 $503K +14,433 +4.2%
55 CVS 0.81% 256,566 $18M $68.98 $4M +57,733 +29.0%
56 PM 0.80% 96,597 $18M $182.13 $2M -2,161 -2.2%
57 ICE 0.79% 93,928 $17M $183.47 $1M +992 +1.1%
58 EXC 0.78% 395,160 $17M $43.42 -$867K +3,992 +1.0%
59 CMCSA 0.75% 457,691 $16M $35.69 $4M +124,484 +37.4%
60 SO 0.73% 173,413 $16M $91.83 $154K +1,905 +1.1%
61 ITM 0.73% 350,047 $16M $45.47 $4K +385 +0.1%
62 TRNO 0.72% 280,520 $16M $56.07 -$2M +2,946 +1.1%
63 LOW 0.71% 70,387 $16M $221.87 $7M +34,106 +94.0%
64 CUBE 0.69% 355,741 $15M $42.50 $144K +5,114 +1.5%
65 PFE 0.66% 596,252 $14M $24.24 $4M +185,733 +45.2%
66 NSC 0.65% 55,618 $14M $255.97 $1M +642 +1.2%
67 BMY 0.61% 290,861 $13M $46.29 -$5M -9,505 -3.2%
68 ELAN 0.60% 914,003 $13M $14.28 $4M +8,114 +0.9%
69 FUL 0.57% 206,806 $12M $60.15 $535K -5,312 -2.5%
70 LVS 0.54% 271,633 $12M $43.51 $1M +2,957 +1.1%
71 FIBK 0.54% 407,082 $12M $28.82 $204K +4,698 +1.2%
72 ADBE 0.48% 27,453 $11M $386.88 $198K +277 +1.0%
73 JMST 0.45% 194,877 $10M $50.92 $1M +25,820 +15.3%
74 IFF 0.42% 123,816 $9M $73.55 -$384K +1,524 +1.2%
75 LIN 0.41% 19,286 $9M $469.18 +19,286 NEW
76 WAFD 0.41% 305,835 $9M $29.28 $259K +1,579 +0.5%
77 FANG 0.36% 57,759 $8M $137.40 -$1M +669 +1.2%
78 DGRO 0.35% 120,349 $8M $63.94 $188K -1,172 -1.0%
79 VYM 0.34% 56,479 $8M $133.31 $282K +282 +0.5%
80 ITOT 0.31% 50,605 $7M $135.04 $634K -211 -0.4%
81 VB 0.30% 28,047 $7M $236.98 -$30M -138,196 -83.1%
82 MUB 0.26% 55,502 $6M $104.48 -$172K -1,123 -2.0%
83 PFF 0.15% 109,864 $3M $30.68 $40K +1,482 +1.4%
84 SHM 0.14% 63,789 $3M $47.83 -$373K -8,153 -11.3%
85 VTI 0.06% 4,672 $1M $303.93 $136K
86 CMF 0.05% 21,585 $1M $55.74 $357K +6,557 +43.6%
87 JPM 0.05% 4,093 $1M $289.91 $204K +87 +2.2%
88 IJH 0.05% 17,719 $1M $62.02 $98K +564 +3.3%
89 JNJ 0.04% 6,417 $980K $152.75 -$18M -109,029 -94.4%
90 VWO 0.04% 18,470 $914K $49.46 $78K
91 GOOGL 0.04% 4,698 $828K $176.23 $114K +80 +1.7%
92 COST 0.03% 760 $752K $989.62 $34K
93 VTHR 0.03% 2,424 $661K $272.75 +2,424 NEW
94 GLD 0.03% 1,945 $593K $304.83 $32K
95 IUSB 0.02% 11,678 $540K $46.23 $162K +3,475 +42.4%
96 SYK 0.02% 1,355 $536K $395.63 $32K
97 CAT 0.02% 1,299 $504K $388.21 $110K +102 +8.5%
98 MS 0.02% 3,427 $483K $140.86 $83K
99 APO 0.02% 3,232 $459K $141.87 $16K
100 VOO 0.02% 805 $457K $568.03 -$18K -120 -13.0%

New Positions

SymbolValue% Port
BRBR $18M 0.84%
LIN $9M 0.41%
VTHR $661K 0.03%
LLY $220K 0.01%
VEA $214K 0.01%

Sold Out Positions

SymbolValue% Port
UNH —%
COLB —%
PEP —%
EDVR —%
View SEC EDGAR Filings for DAVIDSON INVESTMENT ADVISORS →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms