DAVIDSON INVESTMENT ADVISORS

CIK

1140771

Location

GREAT FALLS, MT

Portfolio Value

Mid $1,949,237,266

Diversification

Diversified

Filing Date

Global Rank

#1,346 / 8,713 ▲ 8

Top Industry

Semiconductors 14.8%

Period ended 3 months ago

Filed Jul 21, 2026 · 2mo

26 quarters · since Mar 2020

Portfolio Concentration

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

Top Position

5.5%

+0.3 pts

Top 5

24.1%

+1.8 pts

Top 10

36.6%

+2.5 pts

HHI

223

Diversified+23

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	32.3%	$629,692,545	18
Healthcare	12.2%	$237,933,066	16
Financial Services	11.9%	$231,391,518	14
Consumer Cyclical	11.3%	$220,272,126	6
Industrials	10.7%	$208,504,101	13
Communication Services	5.1%	$98,663,208	5
Real Estate	4.1%	$79,861,300	4
Energy	3.7%	$71,680,687	6
Consumer Defensive	3.6%	$70,202,406	5
Utilities	2.9%	$56,469,878	4
Basic Materials	2.3%	$43,985,319	3
Unclassified	0.0%	$581,112	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
SARO	StandardAero, Inc.	+124,444	731,491	$21,878,895
TRMB	Trimble Inc.	+90,543	331,617	$16,972,158
CPT	Camden Property Trust	+60,064	218,944	$25,066,898
ZTS	Zoetis Inc.	+58,044	111,868	$8,038,834
NVDA	Nvidia Corp	+49,696	388,989	$77,832,809
ETN	Eaton Corp plc	+30,933	113,066	$48,179,683
PGR	Progressive Corp/Oh/	+28,928	112,873	$24,657,106
AVGO	Broadcom Inc.	+26,614	128,579	$48,570,717
V	Visa Inc.	+14,874	102,129	$35,039,438
META	Meta Platforms, Inc.	+4,320	89,113	$50,196,461
XOM	ExxonMobil Holdings Corp	+388	1,601	$218,888
TRNO	Terreno Realty Corp	+222	275,086	$17,817,320
JNJ	Johnson & Johnson	+146	6,977	$1,771,948
ABT	Abbott Laboratories	+106	3,084	$279,842
SYK	Stryker Corp	+41	1,296	$408,032
DE	Deere & Co	+30	596	$378,060
LIN	Linde PLC	+24	24,822	$12,881,128
COST	Costco Wholesale Corp /New	+8	1,260	$1,178,692
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−362,678	5,096	$1,821,157
BRBR	Bellring Brands, Inc.	−131,102	610,859	$7,904,515
RTX	RTX Corp	−90,012	163,898	$31,096,367
FDX	Fedex Corp	−71,621	2,719	$851,400
HON	Honeywell International Inc	−60,755	53,764	$12,037,759
SLAB	Silicon Laboratories Inc.	−51,172	1,345	$293,963
OTIS	Otis Worldwide Corp	−33,062	262,612	$18,803,019
CSCO	Cisco Systems, Inc.	−28,320	296,446	$34,820,547
PANW	Palo Alto Networks Inc	−27,539	78,979	$26,933,418
GIL	Gildan Activewear Inc.	−24,371	415,251	$21,426,951
QCOM	Qualcomm Inc/De	−22,978	119,319	$22,048,958
DT	Dynatrace, Inc.	−21,586	417,440	$18,329,790
EXC	Exelon Corp	−21,235	366,488	$17,085,670
WAFD	Wafd Inc	−19,209	282,839	$10,852,532
C	Citigroup Inc	−16,922	300,617	$42,074,355
GBCI	Glacier Bancorp, Inc.	−16,566	283,016	$14,597,965
AMZN	Amazon Com Inc	−16,289	447,774	$106,722,455
BMY	Bristol Myers Squibb Co	−15,902	277,201	$15,972,321
MDT	Medtronic plc	−15,016	348,684	$27,277,549
NFLX	Netflix Inc	−14,259	249,653	$17,825,224
CTVA	Corteva, Inc.	−13,776	230,036	$19,481,748
AAPL	Apple Inc.	−12,078	341,640	$98,856,950
ANET	Arista Networks, Inc.	−11,716	188,476	$32,018,302
WMT	Walmart Inc.	−10,798	214,078	$24,246,474
SRE	Sempra	−10,601	414,833	$38,459,167
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
AGNC	AGNC Investment Corp.	3,371,067	$36,744,630
FDXF	FedEx Freight Holding Company, Inc.	152,374	$23,008,474
HONA	Honeywell Aerospace Inc.	53,381	$11,786,524
IFNNY	Infineon Technologies AG	114,123	$10,722,997
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
VFMF	Vanguard U.S. Multifactor ETF	153,518	$30,258,397
VCRM	Vanguard Core Tax-Exempt Bond ETF	391,387	$19,526,297
AFK	VanEck Africa Index ETF	404,367	$18,774,759
CUBE	CubeSmart	447,155	$16,388,230
PYPL	PayPal Holdings, Inc.	266,564	$12,056,689
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	216,831	$11,054,044
VIGI	Vanguard International Dividend Appreciation ETF	58,029	$8,594,094
VB	Vanguard Morningstar Small-Cap ETF	25,860	$7,313,268
—		47,358	$2,265,133
BNDW	Vanguard Total World Bond ETF	3,246	$933,452
LVS	Las Vegas Sands Corp	6,462	$348,172
EDV	Vanguard World Funds Extended Duration ETF	1,984	$341,885
BDX	Becton Dickinson & Co	2,072	$325,780
VXUS	Vanguard Total International Stock ETF	4,152	$320,160
BIV	Vanguard Intermediate-Term Bond ETF	4,000	$313,640
CB	Chubb Ltd	665	$216,743
AAXJ	iShares MSCI All Country Asia ex Japan ETF	2,794,593	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

96 tracked positions · $1,949,237,266 total · as of Jun 30, 2026

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

Showing 1–50 of 96 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	447,774	-16,289	$106,722,455	+10.4%	5.48%
AAPL	Apple Inc. Technology	Reduced	341,640	-12,078	$98,856,950	+10.1%	5.07%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	200,103	-9,340	$95,563,189	+35.0%	4.90%
MSFT	Microsoft Corp Technology	Reduced	242,760	-6,535	$90,554,335	−1.9%	4.65%
NVDA	Nvidia Corp Technology	Added	388,989	+49,696	$77,832,809	+31.5%	3.99%
H	Hyatt Hotels Corp Consumer Cyclical	Reduced	284,109	-9,395	$55,071,688	+30.5%	2.83%
META	Meta Platforms, Inc. Communication Services	Added	89,113	+4,320	$50,196,461	+3.5%	2.58%
AVGO	Broadcom Inc. Technology	Added	128,579	+26,614	$48,570,717	+53.9%	2.49%
ETN	Eaton Corp plc Industrials	Added	113,066	+30,933	$48,179,683	+64.0%	2.47%
C	Citigroup Inc Financial Services	Reduced	300,617	-16,922	$42,074,355	+16.8%	2.16%
SRE	Sempra Utilities	Reduced	414,833	-10,601	$38,459,167	−7.0%	1.97%
LH	Labcorp Holdings Inc. Healthcare	Reduced	132,898	-4,110	$37,211,440	+1.8%	1.91%
AGNC	AGNC Investment Corp. Real Estate	NEW	3,371,067	NEW	$36,744,630	NEW	1.89%
V	Visa Inc. Financial Services	Added	102,129	+14,874	$35,039,438	+32.9%	1.80%
CSCO	Cisco Systems, Inc. Technology	Reduced	296,446	-28,320	$34,820,547	+38.2%	1.79%
ADI	Analog Devices Inc Technology	Reduced	83,377	-2,051	$33,114,843	+21.8%	1.70%
ANET	Arista Networks, Inc. Technology	Reduced	188,476	-11,716	$32,018,302	+30.3%	1.64%
RTX	RTX Corp Industrials	Reduced	163,898	-90,012	$31,096,367	−36.5%	1.60%
MDT	Medtronic plc Healthcare	Reduced	348,684	-15,016	$27,277,549	−13.4%	1.40%
PANW	Palo Alto Networks Inc Technology	Reduced	78,979	-27,539	$26,933,418	+57.7%	1.38%
CI	Cigna Group Healthcare	Reduced	95,348	-4,521	$26,285,536	−1.3%	1.35%
CVS	CVS HEALTH Corp Healthcare	Reduced	244,542	-1,537	$25,297,869	+43.1%	1.30%
CPT	Camden Property Trust Real Estate	Added	218,944	+60,064	$25,066,898	+61.6%	1.29%
GS	Goldman Sachs Group Inc Financial Services	Reduced	24,653	-7,674	$24,933,304	−8.8%	1.28%
PGR	Progressive Corp/Oh/ Financial Services	Added	112,873	+28,928	$24,657,106	+48.2%	1.26%
WMT	Walmart Inc. Consumer Defensive	Reduced	214,078	-10,798	$24,246,474	−13.2%	1.24%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	48,710	-2,512	$24,195,718	+5.8%	1.24%
FDXF	FedEx Freight Holding Company, Inc. Industrials	NEW	152,374	NEW	$23,008,474	NEW	1.18%
BA	Boeing Co Industrials	Reduced	102,283	-374	$22,141,201	+8.4%	1.14%
QCOM	Qualcomm Inc/De Technology	Reduced	119,319	-22,978	$22,048,958	+20.3%	1.13%
SARO	StandardAero, Inc. Industrials	Added	731,491	+124,444	$21,878,895	+39.5%	1.12%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	383,246	-3,522	$21,837,357	+15.8%	1.12%
SCHW	Schwab Charles Corp Financial Services	Reduced	234,899	-1,035	$21,674,130	−2.3%	1.11%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	61,101	-3,831	$21,549,100	+0.9%	1.11%
GIL	Gildan Activewear Inc. Consumer Cyclical	Reduced	415,251	-24,371	$21,426,951	−12.4%	1.10%
CVX	Chevron Corp Energy	Reduced	125,820	-7,798	$20,855,923	−24.6%	1.07%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	114,953	-641	$20,796,147	+8.8%	1.07%
EOG	Eog Resources Inc Energy	Reduced	159,172	-8,122	$20,649,383	−14.6%	1.06%
AZN	Astrazeneca PLC Healthcare	Reduced	108,676	-6,665	$20,607,143	−9.4%	1.06%
CTVA	Corteva, Inc. Basic Materials	Reduced	230,036	-13,776	$19,481,748	−4.5%	1.00%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	38,437	-1,449	$19,270,774	−1.7%	0.99%
OTIS	Otis Worldwide Corp Industrials	Reduced	262,612	-33,062	$18,803,019	−17.5%	0.96%
FIBK	First Interstate Bancsystem Inc Financial Services	Reduced	478,878	-1,364	$18,465,535	+15.1%	0.95%
DT	Dynatrace, Inc. Technology	Reduced	417,440	-21,586	$18,329,790	+12.9%	0.94%
NFLX	Netflix Inc Communication Services	Reduced	249,653	-14,259	$17,825,224	−29.8%	0.91%
TRNO	Terreno Realty Corp Real Estate	Added	275,086	+222	$17,817,320	+5.5%	0.91%
EXC	Exelon Corp Utilities	Reduced	366,488	-21,235	$17,085,670	−10.1%	0.88%
TRMB	Trimble Inc. Technology	Added	331,617	+90,543	$16,972,158	+7.9%	0.87%
ELAN	Elanco Animal Health Inc Healthcare	Reduced	668,594	-1,853	$16,454,098	+2.6%	0.84%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	188,197	-275	$16,307,270	+10.0%	0.84%

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.