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Asset Manager ← All Institutions

DAVIDSON INVESTMENT ADVISORS

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

Q3 2025 · Filed 2025-10-21
Market Value
$2.3B
+5.7%
Holdings
122
New Purchases
4
Added To
51
Closed
3
Reduced
42
Top 10 Concentration
35.8%
Turnover
5.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IXUS 7.15% 6.00% +1.15% $166M
GOOG 4.73% 3.85% +0.89% $110M
NVDA 2.42% 1.60% +0.81% $56M
AAPL 3.99% 3.40% +0.60% $92M
H 0.43% 0.00% +0.43% $10M
EQT 0.42% 0.00% +0.42% $10M
TSM 2.62% 2.24% +0.38% $61M
OTIS 1.14% 0.81% +0.33% $26M
AVGO 2.02% 1.77% +0.25% $47M
AGNCZ 1.82% 1.60% +0.22% $42M
ELAN 0.79% 0.60% +0.19% $18M
SRE 1.71% 1.52% +0.19% $40M
C 1.92% 1.74% +0.17% $44M
GIL 1.14% 1.02% +0.12% $26M
CUBE 0.81% 0.69% +0.12% $19M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IDEV 0.06% 0.87% -0.81% $1M
GS 1.15% 1.67% -0.52% $27M
CVX 0.94% 1.41% -0.47% $22M
RTX 1.98% 2.43% -0.45% $46M
BRBR 0.47% 0.84% -0.37% $11M
FTNT 0.97% 1.32% -0.35% $22M
HON 1.74% 2.03% -0.29% $40M
INTU 1.29% 1.56% -0.27% $30M
NFLX 1.41% 1.66% -0.25% $33M
AMZN 4.13% 4.38% -0.24% $96M
VRTX 1.06% 1.29% -0.24% $24M
STZ 0.66% 0.90% -0.24% $15M
DT 0.93% 1.11% -0.18% $22M
CI 0.83% 1.00% -0.17% $19M
SLAB 0.83% 0.98% -0.15% $19M

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 $985M 42.5%
Large Cap 67 $1.1B 48.3%
Mid Cap 12 $150M 6.5%
Small Cap 4 $61M 2.6%

Portfolio Analytics

Avg Market Cap
$436.6B
Median Market Cap
$106.5B
Avg P/E
33.4
Median P/E
26.1
Avg Dividend Yield
0.02%
Avg Beta
0.94
# Stocks
89
# ETFs / Funds
33

Top Holdings (122 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IXUS 7.15% 2,006,552 $166M $82.58 $34M +305,225 +17.9%
2 MSFT 4.82% 215,609 $112M $517.95 $4M -1,623 -0.8%
3 GOOG 4.73% 449,877 $110M $243.55 $25M -25,037 -5.3%
4 AMZN 4.13% 435,893 $96M $219.57 -$183K -1,193 -0.3%
5 AAPL 3.99% 363,142 $92M $254.63 $18M +514 +0.1%
6 TSM 2.62% 217,094 $61M $279.29 $12M +425 +0.2%
7 NVDA 2.42% 300,018 $56M $186.58 $21M +77,827 +35.0%
8 AVGO 2.02% 141,818 $47M $329.91 $8M +838 +0.6%
9 LH 1.98% 160,103 $46M $287.06 $4M +473 +0.3%
10 RTX 1.98% 273,867 $46M $167.33 -$7M -90,591 -24.9%
11 C 1.92% 437,645 $44M $101.50 $6M -11,260 -2.5%
12 AGNCZ 1.82% 4,295,811 $42M $9.79 $7M +482,130 +12.6%
13 HON 1.74% 191,037 $40M $210.50 -$4M +229 +0.1%
14 SRE 1.71% 439,147 $40M $89.98 $6M +373 +0.1%
15 MDT 1.55% 376,002 $36M $95.24 $3M +143 +0.0%
16 NFLX 1.41% 27,298 $33M $1,198.92 -$4M +75 +0.3%
17 ETN 1.35% 83,578 $31M $374.25 $2M +656 +0.8%
18 V 1.33% 90,112 $31M $341.38 -$953K +785 +0.9%
19 ANET 1.30% 207,190 $30M $145.71 -$459K -92,381 -30.8%
20 INTU 1.29% 43,627 $30M $682.91 -$4M +228 +0.5%
21 META 1.27% 39,997 $29M $734.39 $26K +236 +0.6%
22 WMT 1.25% 280,996 $29M $103.06 $2M +1,245 +0.5%
23 HD 1.18% 67,255 $27M $405.19 $3M +643 +1.0%
24 VFMO 1.16% 139,778 $27M $191.60 $4M +7,479 +5.7%
25 GS 1.15% 33,441 $27M $796.34 -$10M -18,273 -35.3%
26 GIL 1.14% 456,503 $26M $57.80 $4M +3,750 +0.8%
27 OTIS 1.14% 287,918 $26M $91.43 $9M +108,759 +60.7%
28 CSCO 1.08% 367,060 $25M $68.42 -$1M -10,846 -2.9%
29 VRTX 1.06% 62,421 $24M $391.64 -$4M -1,268 -2.0%
30 TMUS 1.04% 100,658 $24M $239.38 $308K +819 +0.8%
31 SCHW 1.01% 244,491 $23M $95.47 $798K -2,587 -1.1%
32 EUSA 0.99% 223,608 $23M $102.97 $3M +25,633 +12.9%
33 FTNT 0.97% 267,194 $22M $84.08 -$6M -6,476 -2.4%
34 ADI 0.96% 90,400 $22M $245.70 $413K -1,181 -1.3%
35 CVX 0.94% 140,583 $22M $155.29 -$9M -74,912 -34.8%
36 DT 0.93% 446,181 $22M $48.45 -$3M +6,134 +1.4%
37 PGR 0.92% 86,597 $21M $246.95 -$1M +940 +1.1%
38 BAC 0.89% 401,546 $21M $51.59 $2M -3,722 -0.9%
39 CRM 0.89% 87,189 $21M $237.00 -$2M +3,494 +4.2%
40 FDX 0.89% 87,558 $21M $235.81 $2M +3,493 +4.2%
41 BDX 0.89% 109,876 $21M $187.17 $2M +2,946 +2.8%
42 TRMB 0.88% 249,898 $20M $81.65 $918K -6,572 -2.6%
43 QCOM 0.86% 120,421 $20M $166.36 $754K -631 -0.5%
44 EOG 0.84% 174,137 $20M $112.12 -$1M +1,899 +1.1%
45 SLAB 0.83% 146,926 $19M $131.13 -$2M +944 +0.7%
46 CI 0.83% 66,719 $19M $288.25 -$3M +639 +1.0%
47 CVS 0.83% 255,001 $19M $75.39 $2M -1,565 -0.6%
48 BA 0.82% 87,546 $19M $215.83 $356K -932 -1.1%
49 CUBE 0.81% 460,024 $19M $40.66 $4M +104,283 +29.3%
50 ELAN 0.79% 904,101 $18M $20.14 $5M -9,902 -1.1%
51 VTEB 0.78% 361,914 $18M $50.07 $407K +616 +0.2%
52 EXC 0.77% 398,703 $18M $45.01 $788K +3,543 +0.9%
53 PYPL 0.77% 267,363 $18M $67.06 -$2M -4,007 -1.5%
54 LOW 0.77% 70,698 $18M $251.31 $2M +311 +0.4%
55 CPT 0.76% 163,918 $18M $106.78 -$689K +2,483 +1.5%
56 ITM 0.74% 369,734 $17M $46.60 $1M +19,687 +5.6%
57 CTVA 0.74% 251,940 $17M $67.63 -$2M +1,932 +0.8%
58 NSC 0.72% 55,224 $17M $300.41 $2M -394 -0.7%
59 SO 0.70% 172,167 $16M $94.77 $392K -1,246 -0.7%
60 TRNO 0.68% 278,223 $16M $56.75 $60K -2,297 -0.8%
61 ICE 0.68% 93,112 $16M $168.48 -$2M -816 -0.9%
62 PM 0.67% 95,868 $16M $162.20 -$2M -729 -0.8%
63 STZ 0.66% 114,161 $15M $134.67 -$4M -6,912 -5.7%
64 PFE 0.65% 592,531 $15M $25.48 $645K -3,721 -0.6%
65 LVS 0.63% 269,601 $15M $53.79 $3M -2,032 -0.8%
66 CMCSA 0.61% 452,318 $14M $31.42 -$2M -5,373 -1.2%
67 BMY 0.59% 303,353 $14M $45.10 $217K +12,492 +4.3%
68 JMST 0.56% 252,181 $13M $51.04 $3M +57,304 +29.4%
69 FIBK 0.56% 403,846 $13M $31.87 $1M -3,236 -0.8%
70 FUL 0.55% 215,554 $13M $59.28 $339K +8,748 +4.2%
71 BRBR 0.47% 296,775 $11M $36.35 -$8M -20,120 -6.3%
72 H 0.43% 70,390 $10M $141.93 +70,390 NEW
73 EQT 0.42% 178,390 $10M $54.43 +178,390 NEW
74 ADBE 0.42% 27,402 $10M $352.75 -$955K -51 -0.2%
75 LIN 0.41% 19,785 $9M $475.00 $349K +499 +2.6%
76 WAFD 0.40% 309,140 $9M $30.29 $409K +3,305 +1.1%
77 DGRO 0.39% 133,335 $9M $68.08 $1M +12,986 +10.8%
78 FANG 0.36% 57,585 $8M $143.10 $304K -174 -0.3%
79 VYM 0.35% 57,911 $8M $140.95 $633K +1,432 +2.5%
80 IFF 0.33% 122,984 $8M $61.54 -$2M -832 -0.7%
81 ITOT 0.32% 50,196 $7M $145.65 $477K -409 -0.8%
82 MUB 0.24% 52,707 $6M $106.49 -$186K -2,795 -5.0%
83 VB 0.24% 21,976 $6M $254.28 -$1M -6,071 -21.6%
84 PFF 0.15% 112,347 $4M $31.62 $182K +2,483 +2.3%
85 SHM 0.13% 61,025 $3M $48.22 -$108K -2,764 -4.3%
86 VTI 0.07% 4,672 $2M $328.17 $113K
87 CMF 0.06% 23,653 $1M $57.04 $146K +2,068 +9.6%
88 IDEV 0.06% 16,658 $1M $80.17 -$18M -234,262 -93.4%
89 JPM 0.06% 4,093 $1M $315.43 $104K
90 GOOGL 0.05% 4,920 $1M $243.10 $368K +222 +4.7%
91 IJH 0.05% 17,719 $1M $65.26 $57K
92 JNJ 0.05% 6,099 $1M $185.43 $151K -318 -5.0%
93 COST 0.04% 887 $821K $925.37 $69K +127 +16.7%
94 VTHR 0.03% 2,647 $779K $294.32 $118K +223 +9.2%
95 GLD 0.03% 1,945 $691K $355.47 $98K
96 CAT 0.03% 1,299 $620K $477.15 $116K
97 IUSB 0.02% 11,678 $545K $46.71 $6K
98 MS 0.02% 3,427 $545K $158.96 $62K
99 VOO 0.02% 851 $521K $612.38 $64K +46 +5.7%
100 SYK 0.02% 1,355 $501K $369.67 -$35K

New Positions

SymbolValue% Port
H $10M 0.43%
EQT $10M 0.42%
VXUS $383K 0.02%
PG $233K 0.01%

Sold Out Positions

SymbolValue% Port
MU —%
VEA —%
VWO —%
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