DAVIDSON INVESTMENT ADVISORS

CIK

1140771

Location

GREAT FALLS, MT

Portfolio Value

Mid $1,949,237,266

Diversification

Diversified

Filing Date

Global Rank

#344 / 4,021 ▲ 916

Top Industry

Semiconductors 14.8%

3Y Alpha vs SPY

-4.8%

Period ended 37 days ago

Filed Jul 21, 2026 · 16d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+58.5%

SPY

+78.8%

Annualised alpha

-4.8%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

5.5%

+0.1 pts

Top 5

24.1%

+1.5 pts

Top 10

36.6%

+2.0 pts

HHI

223

Diversified+12

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
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
FUL	Fuller H B Co	−10,044	199,390	$11,622,443
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

5 positions

Ticker	Company	Shares	Value
CUBE	CubeSmart	447,155	$16,388,230
PYPL	PayPal Holdings, Inc.	266,564	$12,056,689
LVS	Las Vegas Sands Corp	6,462	$348,172
BDX	Becton Dickinson & Co	2,072	$325,780
CB	Chubb Ltd	665	$216,743
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.