ARMSTRONG HENRY H ASSOCIATES INC

CIK

1056827

Location

PITTSBURGH, PA

Portfolio Value

Small $794,109,756

Diversification

Moderately concentrated

Filing Date

Global Rank

#35 / 295 ▲ 2032

Top Industry

Software - Infrastructure 29.4%

3Y Alpha vs SPY

-9.6%

Period ended 9 days ago

Filed Jul 7, 2026 · 2d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+36.8%

SPY

+76.5%

Annualised alpha

-9.8%

Max drawdown

−13.9%

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

57 positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

29.2%

−1.6 pts

Top 5

77.9%

−1.9 pts

Top 10

88.1%

−0.8 pts

HHI

1,658

Moderately concentrated−91

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	35.1%	$278,882,671	13
Financial Services	33.0%	$261,965,221	5
Healthcare	12.5%	$98,914,724	12
Consumer Defensive	8.3%	$65,935,613	6
Industrials	6.3%	$50,278,428	10
Basic Materials	2.1%	$16,769,403	2
Communication Services	1.2%	$9,579,054	3
Consumer Cyclical	1.0%	$7,999,213	4
Unclassified	0.4%	$3,540,436	1
Energy	0.0%	$244,993	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
RBA	Rb Global Inc.	+13,875	40,909	$4,763,853
DCI	DONALDSON Co INC	+13,080	15,880	$1,425,547
FAST	Fastenal Co	+6,869	270,143	$12,974,968
BRK-B	Berkshire Hathaway Inc	+6,465	375,150	$187,721,308
APD	Air Products & Chemicals, Inc.	+5,185	55,789	$16,356,219
JNJ	Johnson & Johnson	+2,757	322,853	$81,994,976
UNP	Union Pacific Corp	+1,909	68,701	$18,686,672
ADSK	Autodesk, Inc.	+1,210	4,683	$910,468
ASML	Asml Holding NV	+558	8,355	$16,621,770
MCO	Moodys Corp /De/	+123	144,243	$65,330,539
TJX	Tjx Companies Inc /De/	+10	7,682	$1,163,823
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
UBER	Uber Technologies, Inc	−10,270	25,470	$1,837,915
MSFT	Microsoft Corp	−6,021	622,401	$232,168,021
MDT	Medtronic plc	−5,329	94,280	$7,375,524
MKC	Mccormick & Co Inc	−4,360	7,303	$368,217
PG	PROCTER & GAMBLE Co	−3,370	349,810	$51,296,138
SCHW	Schwab Charles Corp	−2,000	4,091	$377,476
AAPL	Apple Inc.	−1,753	56,648	$16,391,665
KO	Coca Cola Co	−1,335	127,722	$10,379,966
MA	Mastercard Inc	−610	12,440	$6,389,184
WAT	Waters Corp /De/	−274	3,678	$1,379,397
GOOGL	Alphabet Inc.	−187	24,305	$8,685,877
EMR	Emerson Electric Co	−160	3,874	$554,563
GLW	Corning Inc /Ny	−150	4,300	$1,098,349
WMT	Walmart Inc.	−143	6,221	$704,590
ABT	Abbott Laboratories	−100	18,293	$1,659,906
ABBV	AbbVie Inc.	−100	17,623	$4,434,651
CVX	Chevron Corp	−100	1,478	$244,993
DIS	Walt Disney Co	−20	9,039	$870,003
V	Visa Inc.	−10	6,257	$2,146,714
SPY	Spdr S&P 500 ETF Trust	−1	4,741	$3,540,436
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	900	$522,819
TSLA	Tesla, Inc.	534	$224,600
CSCO	Cisco Systems, Inc.	1,897	$222,821
STM	STMicroelectronics N.V.	2,950	$220,925
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

57 positions · $794,109,756 total · as of Jun 30, 2026

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

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	622,401	-6,021	$232,168,021	−0.2%	29.24%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	375,150	+6,465	$187,721,308	+6.3%	23.64%
JNJ	Johnson & Johnson Healthcare	Added	322,853	+2,757	$81,994,976	+4.8%	10.33%
MCO	Moodys Corp /De/ Financial Services	Added	144,243	+123	$65,330,539	+3.9%	8.23%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	349,810	-3,370	$51,296,138	+0.6%	6.46%
UNP	Union Pacific Corp Industrials	Added	68,701	+1,909	$18,686,672	+15.3%	2.35%
ASML	Asml Holding NV Technology	Added	8,355	+558	$16,621,770	+61.4%	2.09%
AAPL	Apple Inc. Technology	Reduced	56,648	-1,753	$16,391,665	+10.6%	2.06%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	55,789	+5,185	$16,356,219	+11.3%	2.06%
FAST	Fastenal Co Industrials	Added	270,143	+6,869	$12,974,968	+6.2%	1.63%
KO	Coca Cola Co Consumer Defensive	Reduced	127,722	-1,335	$10,379,966	+5.8%	1.31%
GOOGL	Alphabet Inc. Communication Services	Reduced	24,305	-187	$8,685,877	+23.3%	1.09%
MDT	Medtronic plc Healthcare	Reduced	94,280	-5,329	$7,375,524	−14.5%	0.93%
MA	Mastercard Inc Financial Services	Reduced	12,440	-610	$6,389,184	−2.0%	0.80%
RBA	Rb Global Inc. Industrials	Added	40,909	+13,875	$4,763,853	+83.8%	0.60%
GE	General Electric Co Industrials	Held	12,043	0	$4,500,830	+31.7%	0.57%
ABBV	AbbVie Inc. Healthcare	Reduced	17,623	-100	$4,434,651	+15.0%	0.56%
HD	Home Depot, Inc. Consumer Cyclical	Held	10,816	0	$3,814,586	+7.2%	0.48%
SPY	Spdr S&P 500 ETF Trust	Reduced	4,741	-1	$3,540,436	+14.8%	0.45%
ADP	Automatic Data Processing Inc Technology	Held	13,865	0	$3,105,066	+10.2%	0.39%
NVDA	Nvidia Corp Technology	Held	15,372	0	$3,075,783	+14.7%	0.39%
GEV	GE Vernova Inc. Industrials	Held	2,600	0	$3,054,636	+34.6%	0.38%
AMZN	Amazon Com Inc Consumer Cyclical	Held	11,732	0	$2,796,204	+14.4%	0.35%
PEP	Pepsico Inc Consumer Defensive	Held	16,136	0	$2,184,814	−12.8%	0.28%
J	Jacobs Solutions Inc. Industrials	Held	17,081	0	$2,152,206	−1.0%	0.27%
V	Visa Inc. Financial Services	Reduced	6,257	-10	$2,146,714	+13.3%	0.27%
MU	Micron Technology Inc Technology	Held	1,800	0	$2,077,722	+241.7%	0.26%
MMM	3M Co Industrials	Held	11,500	0	$1,861,965	+11.5%	0.23%
UBER	Uber Technologies, Inc Technology	Reduced	25,470	-10,270	$1,837,915	−28.5%	0.23%
ABT	Abbott Laboratories Healthcare	Reduced	18,293	-100	$1,659,906	−12.1%	0.21%
DCI	DONALDSON Co INC Industrials	Added	15,880	+13,080	$1,425,547	+499.9%	0.18%
WAT	Waters Corp /De/ Healthcare	Reduced	3,678	-274	$1,379,397	+17.2%	0.17%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	7,682	+10	$1,163,823	−5.0%	0.15%
GLW	Corning Inc /Ny Technology	Reduced	4,300	-150	$1,098,349	+81.5%	0.14%
COST	Costco Wholesale Corp /New Consumer Defensive	Held	1,071	0	$1,001,888	−6.1%	0.13%
ADSK	Autodesk, Inc. Technology	Added	4,683	+1,210	$910,468	+9.5%	0.11%
DIS	Walt Disney Co Communication Services	Reduced	9,039	-20	$870,003	−0.4%	0.11%
WMT	Walmart Inc. Consumer Defensive	Reduced	6,221	-143	$704,590	−10.9%	0.09%
IBM	International Business Machines Corp Technology	Held	2,238	0	$629,347	+16.0%	0.08%
EMR	Emerson Electric Co Industrials	Reduced	3,874	-160	$554,563	+4.9%	0.07%
AMD	Advanced Micro Devices Inc Technology	NEW	900	NEW	$522,819	NEW	0.07%
CDNA	CareDx, Inc. Healthcare	Held	16,036	0	$457,026	+64.2%	0.06%
SHW	Sherwin Williams Co Basic Materials	Held	1,200	0	$413,184	+7.4%	0.05%
SCHW	Schwab Charles Corp Financial Services	Reduced	4,091	-2,000	$377,476	−34.1%	0.05%
PFE	Pfizer Inc Healthcare	Held	15,394	0	$370,687	−14.2%	0.05%
MKC	Mccormick & Co Inc Consumer Defensive	Reduced	7,303	-4,360	$368,217	−37.4%	0.05%
NVO	Novo Nordisk A S Healthcare	Held	6,664	0	$319,472	+30.4%	0.04%
RTX	RTX Corp Industrials	Held	1,598	0	$303,188	−1.6%	0.04%
CVX	Chevron Corp Energy	Reduced	1,478	-100	$244,993	−25.0%	0.03%
SOLV	Solventum Corp Healthcare	Held	3,175	0	$244,951	+18.1%	0.03%