DILLON & ASSOCIATES INC

Registered adviser

CIK

1054425

Location

JACKSON, MI

Portfolio Value

Small $849,025,785

Diversification

Diversified

Filing Date

Global Rank

#2,859 / 8,827 ▼ 8 · as of Jun 2026

Top Industry

Semiconductors 22.7%

Period ended 38 days ago

Filed Oct 22, 2026 · 16d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 104662

Roster of Nov 1, 2026

Regulatory AUM

$916,399,032

Main clients

Individuals and high net worth (86% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$916,399,032	Individuals and high net worth (86%)
Apr 2025 to Mar 2026	$852,711,142	Individuals and high net worth (84%)
Apr 2024 to Mar 2025	$656,462,311	Individuals and high net worth (85%)
May 2023 to Mar 2024	$555,897,027	Individuals and high net worth (81%)
Apr 2023	$555,897,027	Individuals and high net worth (81%)
Apr 2022 to Mar 2023	$698,429,706	Individuals and high net worth (82%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 65.4% of the book (60%+)

Turnover

Low turnover

9.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.7 quarters (12+), a floor since 81.5% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 62.9%; sector active share 27.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

79 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

22.2%

+1.4 pts

Top 5

52.9%

+2.1 pts

Top 10

66.8%

+1.4 pts

HHI

828

Diversified+61

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	43.6%	$369,969,052	15
Healthcare	13.7%	$116,482,424	14
Communication Services	11.9%	$100,615,875	5
Consumer Cyclical	10.3%	$87,392,142	9
Financial Services	6.8%	$57,326,054	9
Industrials	5.6%	$47,497,750	11
Basic Materials	3.9%	$32,822,332	3
Consumer Defensive	3.5%	$29,796,206	11
Utilities	0.8%	$6,868,860	1
Energy	0.0%	$255,090	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BROS	Dutch Bros Inc.	+82,412	143,933	$5,550,056
MNST	Monster Beverage Corp	+61,583	123,367	$5,134,534
NFLX	Netflix Inc	+27,820	87,742	$6,105,088
ISRG	Intuitive Surgical Inc	+9,973	50,656	$20,598,249
AXP	American Express Co	+6,099	26,777	$8,142,885
NEE	Nextera Energy Inc	+3,767	90,690	$6,868,860
SYK	Stryker Corp	+2,799	97,024	$26,719,439
ABT	Abbott Laboratories	+2,672	255,076	$25,209,161
ETN	Eaton Corp plc	+2,331	27,024	$11,612,483
MSFT	Microsoft Corp	+2,042	25,246	$12,948,673
LLY	ELI LILLY & Co	+1,802	13,895	$16,077,626
AMZN	Amazon Com Inc	+1,647	104,069	$25,928,791
AZN	Astrazeneca PLC	+1,498	16,663	$2,690,574
HONA	Honeywell Aerospace Inc.	+1,392	4,669	$723,554
CASY	Caseys General Stores Inc	+989	31,574	$19,211,516
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+824	2,335	$1,065,203
APD	Air Products & Chemicals, Inc.	+804	57,616	$16,030,499
COST	Costco Wholesale Corp	+766	15,269	$13,899,981
REGN	Regeneron Pharmaceuticals, Inc.	+671	4,757	$3,607,090
ECL	Ecolab Inc.	+632	60,152	$16,516,536
ROK	Rockwell Automation, Inc	+189	1,542	$671,278
ENB	Enbridge Inc	+150	5,487	$255,090
GEV	GE Vernova Inc.	+62	636	$604,511
ASML	Asml Holding NV	+54	1,778	$3,221,149
V	Visa Inc.	+49	117,662	$42,279,486
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CMG	Chipotle Mexican Grill Inc	−98,867	41,447	$1,324,231
NVDA	Nvidia Corp	−23,526	824,696	$188,344,072
NVO	Novo Nordisk A S	−22,986	34,810	$1,319,647
CELH	Celsius Holdings, Inc.	−16,105	29,959	$819,378
LOW	Lowes Companies Inc	−14,541	54,841	$10,106,647
SBUX	Starbucks Corp	−10,225	52,437	$4,926,980
DHR	Danaher Corp	−7,784	47,169	$10,450,291
PAYC	Paycom Software, Inc.	−7,380	20,376	$4,434,836
ORLY	O Reilly Automotive Inc	−5,387	184,342	$15,744,650
CRM	Salesforce, Inc.	−4,320	7,459	$1,712,362
AAPL	Apple Inc.	−2,688	248,438	$82,734,822
PAYX	Paychex Inc	−1,691	18,668	$1,838,798
PEP	Pepsico Inc	−1,587	19,188	$2,431,503
SYY	Sysco Corp	−1,484	10,530	$820,918
HD	Home Depot, Inc.	−1,090	8,860	$2,520,581
PANW	Palo Alto Networks Inc	−879	127,062	$50,483,003
CNI	Canadian National Railway Co	−824	72,230	$8,588,147
WMT	Walmart Inc.	−820	14,955	$1,554,123
QCOM	Qualcomm Inc	−761	4,736	$871,613
GOOG	Alphabet Inc.	−703	56,844	$19,369,024
GOOGL	Alphabet Inc.	−672	191,889	$66,025,167
HON	Honeywell International Inc	−480	2,797	$589,999
JNJ	Johnson & Johnson	−345	22,657	$5,998,214
RTX	RTX Corp	−330	40,578	$7,533,305
PG	PROCTER & GAMBLE Co	−250	15,747	$2,287,724
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	1,781	$268,681
HBAN	Huntington Bancshares Inc	13,559	$206,910
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TSLA	Tesla, Inc.	870	$365,922
CAT	Caterpillar Inc	246	$261,965
GE	General Electric Co	564	$210,783
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

79 tracked positions · $849,025,785 total · filing declares 79 positions · $848,735 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 79 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	824,696	-23,526	$188,344,072	+11.0%	22.18%
AAPL	Apple Inc. Technology	Reduced	248,438	-2,688	$82,734,822	+13.9%	9.74%
GOOGL	Alphabet Inc. Communication Services	Reduced	191,889	-672	$66,025,167	−4.1%	7.78%
PANW	Palo Alto Networks Inc Technology	Reduced	127,062	-879	$50,483,003	+15.7%	5.95%
V	Visa Inc. Financial Services	Added	117,662	+49	$42,279,486	+4.8%	4.98%
SYK	Stryker Corp Healthcare	Added	97,024	+2,799	$26,719,439	−9.9%	3.15%
AMZN	Amazon Com Inc Consumer Cyclical	Added	104,069	+1,647	$25,928,791	+6.2%	3.05%
ABT	Abbott Laboratories Healthcare	Added	255,076	+2,672	$25,209,161	+10.1%	2.97%
ISRG	Intuitive Surgical Inc Healthcare	Added	50,656	+9,973	$20,598,249	+27.3%	2.43%
GOOG	Alphabet Inc. Communication Services	Reduced	56,844	-703	$19,369,024	−4.7%	2.28%
ADP	Automatic Data Processing Inc Technology	Held	74,710	0	$19,279,662	+15.2%	2.27%
CASY	Caseys General Stores Inc Consumer Cyclical	Added	31,574	+989	$19,211,516	−21.0%	2.26%
ECL	Ecolab Inc. Basic Materials	Added	60,152	+632	$16,516,536	−0.4%	1.95%
LLY	ELI LILLY & Co Healthcare	Added	13,895	+1,802	$16,077,626	+10.8%	1.89%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	57,616	+804	$16,030,499	−3.8%	1.89%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	184,342	-5,387	$15,744,650	−9.9%	1.85%
NSC	Norfolk Southern Corp Industrials	Added	49,341	+23	$15,246,369	−1.7%	1.80%
COST	Costco Wholesale Corp Consumer Defensive	Added	15,269	+766	$13,899,981	+2.5%	1.64%
MSFT	Microsoft Corp Technology	Added	25,246	+2,042	$12,948,673	+49.6%	1.53%
ETN	Eaton Corp plc Industrials	Added	27,024	+2,331	$11,612,483	+10.4%	1.37%
DHR	Danaher Corp Healthcare	Reduced	47,169	-7,784	$10,450,291	−0.2%	1.23%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	54,841	-14,541	$10,106,647	−33.9%	1.19%
META	Meta Platforms, Inc. Communication Services	Reduced	12,083	-43	$8,762,349	+28.3%	1.03%
CNI	Canadian National Railway Co Industrials	Reduced	72,230	-824	$8,588,147	−1.4%	1.01%
AXP	American Express Co Financial Services	Added	26,777	+6,099	$8,142,885	+16.4%	0.96%
RTX	RTX Corp Industrials	Reduced	40,578	-330	$7,533,305	−2.9%	0.89%
NEE	Nextera Energy Inc Utilities	Added	90,690	+3,767	$6,868,860	−10.0%	0.81%
NFLX	Netflix Inc Communication Services	Added	87,742	+27,820	$6,105,088	+42.7%	0.72%
JNJ	Johnson & Johnson Healthcare	Reduced	22,657	-345	$5,998,214	+2.7%	0.71%
BROS	Dutch Bros Inc. Consumer Cyclical	Added	143,933	+82,412	$5,550,056	+25.6%	0.65%
JPM	Jpmorgan Chase & Co Financial Services	Added	15,578	+34	$5,153,669	+1.3%	0.61%
MNST	Monster Beverage Corp Consumer Defensive	Added	123,367	+61,583	$5,134,534	−13.5%	0.60%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	52,437	-10,225	$4,926,980	−23.1%	0.58%
PAYC	Paycom Software, Inc. Technology	Reduced	20,376	-7,380	$4,434,836	+27.1%	0.52%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Added	4,757	+671	$3,607,090	+41.6%	0.42%
ASML	Asml Holding NV Technology	Added	1,778	+54	$3,221,149	−6.1%	0.38%
AZN	Astrazeneca PLC Healthcare	Added	16,663	+1,498	$2,690,574	−6.4%	0.32%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	8,860	-1,090	$2,520,581	−28.2%	0.30%
PEP	Pepsico Inc Consumer Defensive	Reduced	19,188	-1,587	$2,431,503	−13.6%	0.29%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	15,747	-250	$2,287,724	−2.5%	0.27%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	9,001	-80	$2,078,690	−15.3%	0.24%
CL	Colgate Palmolive Co Consumer Defensive	Reduced	22,450	-200	$1,915,434	−7.8%	0.23%
ADI	Analog Devices Inc Technology	Reduced	4,740	-9	$1,880,405	−0.3%	0.22%
ABBV	AbbVie Inc. Healthcare	Added	7,056	+30	$1,845,779	+4.4%	0.22%
PAYX	Paychex Inc Technology	Reduced	18,668	-1,691	$1,838,798	−8.1%	0.22%
CRM	Salesforce, Inc. Technology	Reduced	7,459	-4,320	$1,712,362	−7.2%	0.20%
WMT	Walmart Inc. Consumer Defensive	Reduced	14,955	-820	$1,554,123	−13.0%	0.18%
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	Reduced	41,447	-98,867	$1,324,231	−72.2%	0.16%
NVO	Novo Nordisk A S Healthcare	Reduced	34,810	-22,986	$1,319,647	−52.4%	0.16%
GNRC	Generac Holdings Inc. Industrials	Reduced	5,576	-52	$1,153,953	−30.0%	0.14%

Showing the top 50 of 79 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.