Telos Capital Management, Inc.

CIK

1567889

Location

SAN DIEGO, CA

Portfolio Value

Small $798,381,419

Diversification

Diversified

Filing Date

Global Rank

#2,002 / 8,603 ▲ 16 · as of Mar 2026

Top Industry

Consumer Electronics 7.3%

3Y Alpha vs SPY

-5.4%

Period ended 3 months ago

Filed Apr 17, 2026 · 3mo

25 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

+53.5%

SPY

+76.5%

Annualised alpha

-5.5%

Max drawdown

−16.9%

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

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

Top Position

7.2%

−0.2 pts

Top 5

19.0%

−1.7 pts

Top 10

31.7%

−1.2 pts

HHI

197

Diversified−5

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	21.8%	$173,935,308	26
Financial Services	15.4%	$122,633,787	14
Industrials	12.5%	$99,615,865	24
Healthcare	11.6%	$92,883,781	22
Consumer Cyclical	8.0%	$63,934,860	10
Consumer Defensive	7.9%	$63,141,027	9
Energy	7.3%	$58,597,159	4
Communication Services	6.4%	$51,231,492	7
Real Estate	3.1%	$24,972,243	14
Utilities	3.0%	$23,753,913	6
Unclassified	2.0%	$15,923,644	4
Basic Materials	1.0%	$7,758,340	2

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	+59,327	106,801	$10,268,916
NOW	ServiceNow, Inc.	+45,632	96,572	$10,096,602
T	At&T Inc.	+10,107	26,385	$764,901
PANW	Palo Alto Networks Inc	+6,390	86,030	$13,792,329
EW	Edwards Lifesciences Corp	+4,700	82,415	$6,599,793
HON	Honeywell International Inc	+4,680	48,383	$11,469,335
CBRE	Cbre Group, Inc.	+4,414	52,693	$7,137,793
MSFT	Microsoft Corp	+3,173	33,120	$12,260,030
RMD	Resmed Inc	+2,730	35,799	$8,036,159
AMTM	Amentum Holdings, Inc.	+2,435	189,901	$4,952,618
IQV	Iqvia Holdings Inc.	+2,359	46,575	$7,942,900
EOG	Eog Resources Inc	+2,350	139,152	$20,117,204
RSG	Republic Services, Inc.	+2,278	43,717	$9,574,897
MDT	Medtronic plc	+2,142	69,618	$6,032,399
V	Visa Inc.	+1,898	62,770	$18,971,604
CARR	CARRIER GLOBAL Corp	+1,795	187,778	$10,573,779
QCOM	Qualcomm Inc/De	+1,728	190,831	$24,575,216
NKE	NIKE, Inc.	+1,652	36,850	$1,946,417
AMH	American Homes 4 Rent	+1,498	7,999	$223,332
COST	Costco Wholesale Corp /New	+1,418	14,756	$14,703,321
HD	Home Depot, Inc.	+1,379	63,093	$20,750,656
TEL	TE Connectivity plc	+1,210	41,459	$8,665,760
CRM	Salesforce, Inc.	+986	2,516	$469,661
CRWD	CrowdStrike Holdings, Inc.	+909	4,146	$404,659
JPM	Jpmorgan Chase & Co	+879	65,594	$19,295,131
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TROW	Price T Rowe Group Inc	−43,064	21,069	$1,899,159
ORCL	Oracle Corp	−39,702	3,434	$505,175
ENB	Enbridge Inc	−18,911	125,736	$6,807,347
GOOGL	Alphabet Inc.	−16,672	88,683	$25,501,683
RTX	RTX Corp	−16,476	34,591	$6,672,603
NOC	Northrop Grumman Corp /De/	−7,476	22,094	$15,073,410
CVX	Chevron Corp	−4,950	103,076	$21,326,424
WMT	Walmart Inc.	−4,037	53,587	$6,659,792
DIS	Walt Disney Co	−3,990	74,457	$7,176,165
J	Jacobs Solutions Inc.	−3,856	72,323	$9,205,271
NXPI	NXP Semiconductors N.V.	−2,941	48,173	$9,483,336
TRV	Travelers Companies, Inc.	−2,601	49,042	$14,304,570
MS	Morgan Stanley	−2,266	130,873	$21,537,769
NEE	Nextera Energy Inc	−1,942	86,863	$8,067,835
JNJ	Johnson & Johnson	−1,468	46,466	$11,358,149
AEP	American Electric Power Co Inc	−1,329	59,478	$7,796,376
IBM	International Business Machines Corp	−1,171	6,929	$1,679,520
PG	PROCTER & GAMBLE Co	−1,028	112,266	$16,215,701
PSX	Phillips 66	−1,012	56,791	$10,346,184
ABT	Abbott Laboratories	−1,009	28,859	$2,962,953
AMGN	Amgen Inc	−978	26,012	$9,152,322
SO	Southern Co	−858	70,872	$6,840,565
TSLA	Tesla, Inc.	−847	4,777	$1,775,849
MRK	Merck & Co., Inc.	−816	14,360	$1,727,364
CSCO	Cisco Systems, Inc.	−730	124,028	$9,623,332
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
CAH	Cardinal Health Inc	1,286	$271,744
GEV	GE Vernova Inc.	285	$248,776
VTRS	Viatris Inc	15,382	$207,810
GILD	Gilead Sciences, Inc.	1,436	$200,135
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
PYPL	PayPal Holdings, Inc.	100,818	$5,885,754
BAC	Bank Of America Corp /De/	4,308	$236,940
LEN	Lennar Corp /New/	2,267	$233,047
NVO	Novo Nordisk A S	4,519	$229,926
ED	Consolidated Edison Inc	2,200	$218,504
CWH	Camping World Holdings, Inc.	15,000	$145,950
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

142 positions · $798,381,419 total · as of Mar 31, 2026

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

Showing 1–50 of 142 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	225,073	-633	$57,121,276	−6.9%	7.15%
GOOGL	Alphabet Inc. Communication Services	Reduced	88,683	-16,672	$25,501,683	−22.7%	3.19%
QCOM	Qualcomm Inc/De Technology	Added	190,831	+1,728	$24,575,216	−24.0%	3.08%
PEP	Pepsico Inc Consumer Defensive	Added	146,911	+669	$22,813,809	+8.7%	2.86%
MS	Morgan Stanley Financial Services	Reduced	130,873	-2,266	$21,537,769	−8.9%	2.70%
CVX	Chevron Corp Energy	Reduced	103,076	-4,950	$21,326,424	+29.5%	2.67%
HD	Home Depot, Inc. Consumer Cyclical	Added	63,093	+1,379	$20,750,656	−2.3%	2.60%
EOG	Eog Resources Inc Energy	Added	139,152	+2,350	$20,117,204	+40.0%	2.52%
AMZN	Amazon Com Inc Consumer Cyclical	Added	95,539	+717	$19,897,907	−9.1%	2.49%
JPM	Jpmorgan Chase & Co Financial Services	Added	65,594	+879	$19,295,131	−7.5%	2.42%
V	Visa Inc. Financial Services	Added	62,770	+1,898	$18,971,604	−11.1%	2.38%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	112,266	-1,028	$16,215,701	−0.1%	2.03%
NOC	Northrop Grumman Corp /De/ Industrials	Reduced	22,094	-7,476	$15,073,410	−10.6%	1.89%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	14,756	+1,418	$14,703,321	+27.8%	1.84%
TRV	Travelers Companies, Inc. Financial Services	Reduced	49,042	-2,601	$14,304,570	−4.5%	1.79%
PANW	Palo Alto Networks Inc Technology	Added	86,030	+6,390	$13,792,329	−6.0%	1.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	28,622	+741	$13,715,662	−2.1%	1.72%
MSFT	Microsoft Corp Technology	Added	33,120	+3,173	$12,260,030	−15.3%	1.54%
QQQ	Invesco Qqq Trust, Series 1	Reduced	20,952	-254	$12,093,075	−7.2%	1.51%
MA	Mastercard Inc Financial Services	Reduced	23,650	-86	$11,816,959	−12.8%	1.48%
ASML	Asml Holding NV Technology	Reduced	8,814	-344	$11,641,795	+18.8%	1.46%
HON	Honeywell International Inc Industrials	Added	48,383	+4,680	$11,469,335	+28.3%	1.44%
JNJ	Johnson & Johnson Healthcare	Reduced	46,466	-1,468	$11,358,149	+14.5%	1.42%
CARR	CARRIER GLOBAL Corp Industrials	Added	187,778	+1,795	$10,573,779	+7.6%	1.32%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	23,234	+858	$10,374,910	+2.3%	1.30%
PSX	Phillips 66 Energy	Reduced	56,791	-1,012	$10,346,184	+38.7%	1.30%
NFLX	Netflix Inc Communication Services	Added	106,801	+59,327	$10,268,916	+130.7%	1.29%
NOW	ServiceNow, Inc. Technology	Added	96,572	+45,632	$10,096,602	+29.4%	1.26%
GS	Goldman Sachs Group Inc Financial Services	Reduced	11,493	-214	$9,722,963	−5.5%	1.22%
CSCO	Cisco Systems, Inc. Technology	Reduced	124,028	-730	$9,623,332	+0.1%	1.21%
RSG	Republic Services, Inc. Industrials	Added	43,717	+2,278	$9,574,897	+9.0%	1.20%
NXPI	NXP Semiconductors N.V. Technology	Reduced	48,173	-2,941	$9,483,336	−14.5%	1.19%
J	Jacobs Solutions Inc. Industrials	Reduced	72,323	-3,856	$9,205,271	−8.8%	1.15%
AMGN	Amgen Inc Healthcare	Reduced	26,012	-978	$9,152,322	+3.6%	1.15%
DHR	Danaher Corp /De/ Healthcare	Reduced	47,332	-310	$8,974,147	−17.7%	1.12%
TEL	TE Connectivity plc Technology	Added	41,459	+1,210	$8,665,760	−5.4%	1.09%
LMT	Lockheed Martin Corp Industrials	Reduced	13,681	-438	$8,268,659	+21.1%	1.04%
NEE	Nextera Energy Inc Utilities	Reduced	86,863	-1,942	$8,067,835	+13.2%	1.01%
RMD	Resmed Inc Healthcare	Added	35,799	+2,730	$8,036,159	+0.9%	1.01%
IQV	Iqvia Holdings Inc. Healthcare	Added	46,575	+2,359	$7,942,900	−20.3%	0.99%
AEP	American Electric Power Co Inc Utilities	Reduced	59,478	-1,329	$7,796,376	+11.2%	0.98%
PNC	Pnc Financial Services Group, Inc. Financial Services	Added	36,287	+83	$7,550,961	−0.1%	0.95%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	25,803	-112	$7,495,513	+17.1%	0.94%
ROK	Rockwell Automation, Inc Industrials	Added	20,529	+524	$7,367,447	−5.3%	0.92%
WSM	Williams Sonoma Inc Consumer Cyclical	Reduced	39,705	-325	$7,239,412	+1.3%	0.91%
DIS	Walt Disney Co Communication Services	Reduced	74,457	-3,990	$7,176,165	−19.6%	0.90%
CBRE	Cbre Group, Inc. Real Estate	Added	52,693	+4,414	$7,137,793	−8.1%	0.89%
BMY	Bristol Myers Squibb Co Healthcare	Added	116,088	+66	$7,040,737	+12.5%	0.88%
SO	Southern Co Utilities	Reduced	70,872	-858	$6,840,565	+9.4%	0.86%
ENB	Enbridge Inc Energy	Reduced	125,736	-18,911	$6,807,347	−1.6%	0.85%