DILLON & ASSOCIATES INC

CIK

1054425

Location

JACKSON, MI

Portfolio Value

Small $279,621,644

Diversification

Diversified

Filing Date

Global Rank

#1,896 / 8,232 ▲ 49

Top Industry

Semiconductors 21.6%

3Y Alpha vs SPY

-8.7%

Period ended 2 months ago

Filed May 7, 2026 · 38d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+41.0%

SPY

+76.3%

Annualised alpha

-8.7%

Max drawdown

−21.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

73 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

21.2%

−0.3 pts

Top 5

47.1%

−1.1 pts

Top 10

61.8%

−0.7 pts

HHI

730

Diversified−22

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	39.5%	$279,621,644	14
Healthcare	15.1%	$106,705,214	13
Consumer Cyclical	14.2%	$100,107,455	9
Communication Services	9.4%	$66,809,489	4
Financial Services	5.9%	$41,744,585	8
Industrials	5.9%	$41,564,122	9
Consumer Defensive	4.5%	$31,984,666	11
Basic Materials	4.3%	$30,672,792	3
Utilities	1.1%	$7,694,736	1
Energy	0.0%	$283,531	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	+34,031	40,249	$3,869,941
PANW	Palo Alto Networks Inc	+9,175	125,279	$20,084,729
NEE	Nextera Energy Inc	+7,219	82,846	$7,694,736
CELH	Celsius Holdings, Inc.	+6,469	35,671	$1,265,607
ABT	Abbott Laboratories	+4,853	231,296	$23,747,160
MNST	Monster Beverage Corp	+3,990	58,547	$4,242,315
CASY	Caseys General Stores Inc	+3,592	29,846	$21,723,709
AMZN	Amazon Com Inc	+2,464	99,752	$20,775,349
ISRG	Intuitive Surgical Inc	+2,408	34,244	$15,786,141
MSFT	Microsoft Corp	+2,117	20,595	$7,623,651
LLY	ELI LILLY & Co	+1,840	8,951	$8,232,861
ETN	Eaton Corp plc	+1,182	23,158	$8,282,921
CRM	Salesforce, Inc.	+1,142	33,091	$6,177,096
SYK	Stryker Corp	+917	87,224	$28,660,934
COST	Costco Wholesale Corp /New	+771	14,429	$14,377,488
ADP	Automatic Data Processing Inc	+730	71,194	$14,465,196
ADI	Analog Devices Inc	+550	4,732	$1,505,438
RTX	RTX Corp	+471	40,798	$7,869,934
DHR	Danaher Corp /De/	+338	55,030	$10,433,688
ECL	Ecolab Inc.	+304	52,284	$13,908,589
NSC	Norfolk Southern Corp	+228	49,083	$14,086,821
ROK	Rockwell Automation, Inc	+128	1,315	$471,927
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+125	1,125	$380,193
ASML	Asml Holding NV	+120	1,703	$2,249,373
V	Visa Inc.	+64	116,475	$35,203,404
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVO	Novo Nordisk A S	−94,849	206,349	$7,583,325
NVDA	Nvidia Corp	−11,590	858,770	$149,769,488
CMG	Chipotle Mexican Grill Inc	−10,742	279,707	$8,953,421
PEP	Pepsico Inc	−9,167	22,999	$3,571,514
PAYX	Paychex Inc	−8,367	38,063	$3,506,363
MDLZ	Mondelez International, Inc.	−3,228	5,347	$308,201
PAYC	Paycom Software, Inc.	−2,790	68,391	$8,312,242
AAPL	Apple Inc.	−2,481	252,519	$64,086,797
SBUX	Starbucks Corp	−2,301	75,229	$6,739,766
CL	Colgate Palmolive Co	−2,167	26,489	$2,257,657
IBRX	ImmunityBio, Inc.	−2,000	23,800	$182,546
DIS	Walt Disney Co	−1,520	3,420	$329,619
SYY	Sysco Corp	−1,491	12,014	$856,958
GNRC	Generac Holdings Inc.	−1,388	5,568	$1,087,597
CNI	Canadian National Railway Co	−900	72,646	$7,465,829
LOW	Lowes Companies Inc	−865	73,997	$17,484,011
PG	PROCTER & GAMBLE Co	−770	16,489	$2,381,671
ADBE	Adobe Inc.	−493	923	$224,362
JNJ	Johnson & Johnson	−435	23,173	$5,664,408
HSY	Hershey Co	−330	2,128	$442,389
WMT	Walmart Inc.	−325	16,072	$1,997,428
GOOGL	Alphabet Inc.	−282	193,280	$55,579,596
HD	Home Depot, Inc.	−185	10,926	$3,593,452
HON	Honeywell International Inc	−180	6,721	$1,519,147
NVS	Novartis AG	−171	2,031	$310,235
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
AXP	American Express Co	1,629	$492,739
GEV	GE Vernova Inc.	412	$359,634
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
FISV	Fiserv Inc	22,118	$1,485,666
STZ	Constellation Brands, Inc.	1,953	$269,435
PLTR	Palantir Technologies Inc.	1,310	$232,852
MRK	Merck & Co., Inc.	2,078	$218,730
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

14 positions · $279,621,644 total · Technology only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	858,770	-11,590	$149,769,488	−7.7%	53.56%
AAPL	Apple Inc. Technology	Reduced	252,519	-2,481	$64,086,797	−7.6%	22.92%
PANW	Palo Alto Networks Inc Technology	Added	125,279	+9,175	$20,084,729	−6.1%	7.18%
ADP	Automatic Data Processing Inc Technology	Added	71,194	+730	$14,465,196	−20.2%	5.17%
PAYC	Paycom Software, Inc. Technology	Reduced	68,391	-2,790	$8,312,242	−26.7%	2.97%
MSFT	Microsoft Corp Technology	Added	20,595	+2,117	$7,623,651	−14.7%	2.73%
CRM	Salesforce, Inc. Technology	Added	33,091	+1,142	$6,177,096	−27.0%	2.21%
PAYX	Paychex Inc Technology	Reduced	38,063	-8,367	$3,506,363	−32.7%	1.25%
ASML	Asml Holding NV Technology	Added	1,703	+120	$2,249,373	+32.8%	0.80%
ADI	Analog Devices Inc Technology	Added	4,732	+550	$1,505,438	+32.7%	0.54%
QCOM	Qualcomm Inc/De Technology	Added	6,342	+9	$816,722	−24.6%	0.29%
CSCO	Cisco Systems, Inc. Technology	Held	5,413	0	$419,994	+0.7%	0.15%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	1,125	+125	$380,193	+25.1%	0.14%
ADBE	Adobe Inc. Technology	Reduced	923	-493	$224,362	−54.7%	0.08%