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Asset Manager ← All Institutions

DAVIDSON INVESTMENT ADVISORS

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

Q4 2025 · Filed 2026-01-27
Market Value
$2.4B
+2.8%
Holdings
122
New Purchases
3
Added To
52
Closed
5
Reduced
51
Top 10 Concentration
36.7%
Turnover
6.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
H 1.83% 0.43% +1.40% $44M
META 2.23% 1.27% +0.96% $53M
SARO 0.54% 0.00% +0.54% $13M
GOOG 4.97% 4.73% +0.24% $118M
SOLS 0.23% 0.00% +0.23% $5M
C 2.12% 1.92% +0.20% $50M
IXUS 7.35% 7.15% +0.20% $175M
AAPL 4.17% 3.99% +0.18% $99M
VRTX 1.22% 1.06% +0.17% $29M
FDX 1.05% 0.89% +0.16% $25M
TSM 2.77% 2.62% +0.15% $66M
ICE 0.82% 0.68% +0.14% $20M
FIBK 0.70% 0.56% +0.14% $17M
BA 0.95% 0.82% +0.13% $23M
AGNCZ 1.94% 1.82% +0.12% $46M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HON 0.97% 1.74% -0.77% $23M
SO 0.03% 0.70% -0.68% $695K
MSFT 4.36% 4.82% -0.46% $104M
NFLX 1.07% 1.41% -0.34% $26M
IFF 0.00% 0.33% -0.33% $0
LH 1.68% 1.98% -0.30% $40M
HD 0.92% 1.18% -0.25% $22M
ETN 1.11% 1.35% -0.24% $26M
TMUS 0.83% 1.04% -0.21% $20M
DT 0.75% 0.93% -0.18% $18M
CUBE 0.65% 0.81% -0.16% $15M
ANET 1.15% 1.30% -0.16% $27M
PYPL 0.62% 0.77% -0.15% $15M
ELAN 0.65% 0.79% -0.14% $15M
BRBR 0.34% 0.47% -0.13% $8M

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 37 $1.0B 43.6%
Large Cap 68 $1.1B 46.9%
Mid Cap 13 $164M 6.9%
Small Cap 4 $61M 2.5%

Portfolio Analytics

Avg Market Cap
$426.6B
Median Market Cap
$99.9B
Avg P/E
33.7
Median P/E
26.5
Avg Dividend Yield
0.02%
Avg Beta
0.92
# 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 7.35% 2,067,533 $175M $84.64 $9M +60,981 +3.0%
2 GOOG 4.97% 376,668 $118M $313.80 $9M -73,209 -16.3%
3 MSFT 4.36% 214,758 $104M $483.62 -$8M -851 -0.4%
4 AMZN 4.23% 435,958 $101M $230.82 $5M +65 +0.0%
5 AAPL 4.17% 365,179 $99M $271.86 $7M +2,037 +0.6%
6 TSM 2.77% 216,638 $66M $303.89 $5M -456 -0.2%
7 NVDA 2.38% 303,681 $57M $186.50 $659K +3,663 +1.2%
8 META 2.23% 80,341 $53M $660.09 $24M +40,344 +100.9%
9 C 2.12% 431,816 $50M $116.69 $6M -5,829 -1.3%
10 AVGO 2.11% 144,899 $50M $346.10 $3M +3,081 +2.2%
11 RTX 2.08% 269,480 $49M $183.40 $4M -4,387 -1.6%
12 AGNCZ 1.94% 4,298,275 $46M $10.72 $4M +2,464 +0.1%
13 H 1.83% 272,421 $44M $160.32 $34M +202,031 +287.0%
14 LH 1.68% 159,467 $40M $250.88 -$6M -636 -0.4%
15 SRE 1.62% 436,252 $39M $88.29 -$998K -2,895 -0.7%
16 MDT 1.51% 374,250 $36M $96.06 $140K -1,752 -0.5%
17 V 1.33% 90,382 $32M $350.71 $935K +270 +0.3%
18 WMT 1.32% 282,167 $31M $111.41 $2M +1,171 +0.4%
19 GS 1.24% 33,654 $30M $878.99 $3M +213 +0.6%
20 VRTX 1.22% 64,227 $29M $453.36 $5M +1,806 +2.9%
21 INTU 1.21% 43,529 $29M $662.42 -$959K -98 -0.2%
22 GIL 1.20% 457,883 $29M $62.46 $2M +1,380 +0.3%
23 VFMO 1.18% 146,589 $28M $191.25 $1M +6,811 +4.9%
24 ANET 1.15% 208,408 $27M $131.03 -$3M +1,218 +0.6%
25 CSCO 1.15% 354,154 $27M $77.03 $2M -12,906 -3.5%
26 ETN 1.11% 83,066 $26M $318.51 -$5M -512 -0.6%
27 NFLX 1.07% 272,674 $26M $93.76 -$7M +245,376 +898.9%
28 OTIS 1.06% 288,568 $25M $87.35 -$1M +650 +0.2%
29 FDX 1.05% 86,555 $25M $288.86 $4M -1,003 -1.1%
30 ADI 1.02% 89,607 $24M $271.20 $2M -793 -0.9%
31 EUSA 1.02% 234,544 $24M $103.37 $1M +10,936 +4.9%
32 SCHW 1.01% 240,830 $24M $99.91 $720K -3,661 -1.5%
33 HON 0.97% 118,057 $23M $195.09 -$17M -72,980 -38.2%
34 BA 0.95% 103,910 $23M $217.12 $4M +16,364 +18.7%
35 CRM 0.95% 85,119 $23M $264.91 $2M -2,070 -2.4%
36 HD 0.92% 63,768 $22M $344.10 -$5M -3,487 -5.2%
37 FTNT 0.91% 273,952 $22M $79.41 -$711K +6,758 +2.5%
38 BAC 0.91% 395,519 $22M $55.00 $1M -6,027 -1.5%
39 CVX 0.87% 136,334 $21M $152.41 -$1M -4,249 -3.0%
40 QCOM 0.86% 120,171 $21M $171.05 $522K -250 -0.2%
41 BDX 0.86% 105,837 $21M $194.07 -$26K -4,039 -3.7%
42 CVS 0.84% 250,941 $20M $79.36 $690K -4,060 -1.6%
43 TMUS 0.83% 97,223 $20M $203.04 -$4M -3,435 -3.4%
44 ICE 0.82% 120,838 $20M $161.96 $4M +27,726 +29.8%
45 PGR 0.81% 84,513 $19M $227.72 -$2M -2,084 -2.4%
46 TRMB 0.80% 243,309 $19M $78.35 -$1M -6,589 -2.6%
47 SLAB 0.80% 145,757 $19M $130.70 -$216K -1,169 -0.8%
48 PM 0.79% 116,725 $19M $160.40 $3M +20,857 +21.8%
49 VTEB 0.79% 371,923 $19M $50.29 $583K +10,009 +2.8%
50 ITM 0.77% 386,572 $18M $47.16 $1M +16,838 +4.5%
51 DT 0.75% 414,070 $18M $43.34 -$4M -32,111 -7.2%
52 EXC 0.74% 402,520 $18M $43.59 -$400K +3,817 +1.0%
53 CPT 0.73% 156,964 $17M $110.08 -$225K -6,954 -4.2%
54 CI 0.72% 61,964 $17M $275.23 -$2M -4,755 -7.1%
55 EOG 0.72% 162,250 $17M $105.01 -$2M -11,887 -6.8%
56 CTVA 0.71% 252,082 $17M $67.03 -$142K +142 +0.1%
57 FIBK 0.70% 481,538 $17M $34.60 $4M +77,692 +19.2%
58 LOW 0.69% 67,964 $16M $241.16 -$1M -2,734 -3.9%
59 TRNO 0.68% 277,182 $16M $58.71 $484K -1,041 -0.4%
60 BMY 0.68% 299,514 $16M $53.94 $2M -3,839 -1.3%
61 STZ 0.68% 116,883 $16M $137.96 $751K +2,722 +2.4%
62 NSC 0.66% 54,626 $16M $288.72 -$818K -598 -1.1%
63 ELAN 0.65% 680,867 $15M $22.63 -$3M -223,234 -24.7%
64 CUBE 0.65% 426,074 $15M $36.05 -$3M -33,950 -7.4%
65 CMCSA 0.63% 498,197 $15M $29.89 $679K +45,879 +10.1%
66 PYPL 0.62% 254,355 $15M $58.38 -$3M -13,008 -4.9%
67 PFE 0.58% 557,807 $14M $24.90 -$1M -34,724 -5.9%
68 LVS 0.57% 209,394 $14M $65.09 -$872K -60,207 -22.3%
69 SARO 0.54% 447,800 $13M $28.68 +447,800 NEW
70 FUL 0.51% 203,852 $12M $59.46 -$657K -11,702 -5.4%
71 JMST 0.43% 201,509 $10M $50.94 -$3M -50,672 -20.1%
72 WAFD 0.42% 312,403 $10M $32.03 $642K +3,263 +1.1%
73 EQT 0.42% 184,355 $10M $53.60 $172K +5,965 +3.3%
74 LIN 0.41% 23,025 $10M $426.39 $420K +3,240 +16.4%
75 DGRO 0.40% 135,539 $9M $69.42 $332K +2,204 +1.6%
76 ADBE 0.38% 25,886 $9M $349.99 -$606K -1,516 -5.5%
77 FANG 0.37% 57,805 $9M $150.33 $449K +220 +0.4%
78 VYM 0.35% 58,144 $8M $143.52 $182K +233 +0.4%
79 BRBR 0.34% 300,633 $8M $26.73 -$3M +3,858 +1.3%
80 ITOT 0.31% 50,277 $7M $148.69 $165K +81 +0.2%
81 SOLS 0.23% 112,904 $5M $48.58 +112,904 NEW
82 VB 0.23% 21,152 $5M $257.95 -$132K -824 -3.8%
83 MUB 0.22% 49,865 $5M $107.11 -$272K -2,842 -5.4%
84 PFF 0.15% 113,909 $4M $30.96 -$26K +1,562 +1.4%
85 SHM 0.08% 41,339 $2M $47.99 -$959K -19,686 -32.3%
86 GOOGL 0.07% 5,267 $2M $313.00 $453K +347 +7.0%
87 VTHR 0.07% 5,283 $2M $300.33 $808K +2,636 +99.6%
88 VTI 0.06% 4,582 $2M $335.27 $3K -90 -1.9%
89 CMF 0.06% 23,437 $1M $57.46 -$2K -216 -0.9%
90 JPM 0.06% 4,152 $1M $322.22 $47K +59 +1.4%
91 JNJ 0.05% 6,026 $1M $206.95 $116K -73 -1.2%
92 IDEV 0.05% 13,559 $1M $82.48 -$217K -3,099 -18.6%
93 COST 0.04% 1,055 $910K $862.14 $89K +168 +18.9%
94 VOO 0.04% 1,417 $889K $627.13 $368K +566 +66.5%
95 SPY 0.04% 1,285 $876K $681.92 $618K +897 +231.2%
96 CAT 0.03% 1,429 $819K $572.87 $199K +130 +10.0%
97 GLD 0.03% 1,945 $771K $396.31 $79K
98 SO 0.03% 7,975 $695K $87.20 -$16M -164,192 -95.4%
99 IJH 0.03% 9,747 $643K $66.00 -$513K -7,972 -45.0%
100 MS 0.03% 3,427 $608K $177.53 $64K

New Positions

SymbolValue% Port
SARO $13M 0.54%
SOLS $5M 0.23%
BSV $315K 0.01%

Sold Out Positions

SymbolValue% Port
IFF —%
PG —%
EQIX —%
IGSB —%
VCIT —%
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