Telos Capital Management, Inc.

Registered adviser

CIK

1567889

Location

SAN DIEGO, CA

Portfolio Value

Mid $1,127,256,988

Diversification

Diversified

Filing Date

Global Rank

#2,300 / 8,816 ▼ 85

Top Industry

Consumer Electronics 7.4%

Period ended 4 months ago

Filed Jul 22, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 149108

Roster of Oct 1, 2026

Regulatory AUM

$1,625,227,036

Main clients

Individuals and high net worth (97% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$1,625,227,036	Individuals and high net worth (97%)
Apr 2025 to Mar 2026	$1,415,056,947	Individuals and high net worth (96%)
Apr 2024 to Mar 2025	$1,254,803,384	Individuals and high net worth (96%)
May 2023 to Mar 2024	$1,101,816,993	Individuals and high net worth (97%)
Apr 2023	$1,101,816,993	Individuals and high net worth (97%)
Apr 2022 to Mar 2023	$1,197,350,807	Individuals and high net worth (97%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 34.2%, 51.1 effective positions, active share 63.1% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

10.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.7 quarters (12+), a floor since 72.5% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 63.1%; sector active share 14.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

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

Top Position

5.7%

+0.2 pts

Top 5

21.7%

+0.9 pts

Top 10

34.2%

+2.0 pts

HHI

196

Diversified+10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	23.1%	$260,468,603	58
Technology	19.7%	$222,422,537	27
Financial Services	11.9%	$134,070,102	15
Industrials	9.0%	$101,264,588	24
Healthcare	8.5%	$95,817,046	21
Communication Services	6.4%	$72,132,125	8
Consumer Cyclical	6.0%	$67,096,565	11
Consumer Defensive	5.5%	$61,985,563	9
Energy	4.9%	$54,935,372	6
Real Estate	2.3%	$25,806,291	14
Utilities	2.1%	$23,598,412	6
Basic Materials	0.7%	$7,659,784	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+13,301	15,160	$1,811,923
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+7,872	115,170	$9,101,885
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+5,776	87,276	$7,213,361
KLAC	Kla Corp	+5,427	6,035	$1,820,819
IWF	iShares Russell 1000 Growth ETF	+5,370	7,160	$889,057
VEU	Vanguard International Equity Index Funds	+4,011	359,801	$30,133,333
IJH	iShares Core S&P Mid-Cap ETF	+3,236	193,305	$14,905,748
COST	Costco Wholesale Corp	+2,939	17,695	$16,553,141
RTX	RTX Corp	+2,405	36,996	$7,019,251
EOG	Eog Resources Inc	+1,915	141,067	$18,300,621
SO	Southern Co	+1,639	72,511	$6,940,027
PEP	Pepsico Inc	+1,604	148,515	$20,108,931
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+1,540	98,251	$5,218,110
O	Realty Income Corp	+1,509	105,000	$6,505,800
RSG	Republic Services, Inc.	+1,281	44,998	$9,588,173
TEL	TE Connectivity plc	+1,055	42,514	$8,571,247
VRTX	Vertex Pharmaceuticals Inc	+1,055	24,289	$12,065,074
AVIV	Avantis International Large Cap Value ETF	+945	72,680	$5,626,885
NOC	Northrop Grumman Corp	+933	23,027	$11,727,881
NEE	Nextera Energy Inc	+906	87,769	$7,703,485
MSFT	Microsoft Corp	+844	33,964	$12,669,251
WM	Waste Management Inc	+802	19,882	$4,431,300
CMCSA	Comcast Corp	+662	10,813	$265,459
AVUV	Avantis U.S. Small Cap Value ETF	+594	46,767	$5,834,650
MCD	Mcdonalds Corp	+539	21,681	$5,860,591
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HON	Honeywell International Inc	−22,527	25,856	$5,789,158
QCOM	Qualcomm Inc	−17,499	173,332	$32,030,020
TROW	Price T Rowe Group Inc	−15,812	5,257	$597,668
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−11,331	109,957	$40,688,488
NVDA	Nvidia Corp	−10,270	28,140	$5,630,532
NXPI	NXP Semiconductors N.V.	−10,111	38,062	$10,696,563
SCHD	Schwab U.S. Dividend Equity ETF	−6,350	24,386	$773,280
VEA	Vanguard FTSE Developed Markets ETF	−5,456	316,442	$22,546,492
AMZN	Amazon Com Inc	−5,287	90,252	$21,510,661
CSCO	Cisco Systems, Inc.	−4,875	119,153	$13,995,711
T	At&T Inc.	−4,413	21,972	$454,820
SMH	VanEck Semiconductor ETF	−4,399	6,388	$4,189,825
MS	Morgan Stanley	−4,366	126,507	$26,445,023
BMY	Bristol Myers Squibb Co	−4,308	111,780	$6,440,763
AMTM	Amentum Holdings, Inc.	−4,290	185,611	$3,836,579
KIM	Kimco Realty Corp	−4,040	27,734	$703,056
—		−3,980	8,228	$2,025,815
GPC	Genuine Parts Co	−3,909	38,859	$4,584,584
J	Jacobs Solutions Inc.	−3,784	68,539	$8,635,914
NFLX	Netflix Inc	−3,663	103,138	$7,364,053
TSLA	Tesla, Inc.	−3,628	1,149	$483,269
DIS	Walt Disney Co	−3,267	71,190	$6,852,037
GS	Goldman Sachs Group Inc	−3,119	8,374	$8,469,212
BDN	Brandywine Realty Trust	−3,055	45,982	$145,762
AAPL	Apple Inc.	−2,636	222,437	$64,364,370
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	25,856	$5,716,244
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	25,108	$3,983,635
IGV	iShares Expanded Tech-Software Sector ETF	7,634	$691,640
INTC	Intel Corp	2,391	$333,855
FRDM	Freedom 100 Emerging Markets ETF	4,252	$309,970
GLW	Corning Inc	1,177	$300,641
FTNT	Fortinet, Inc.	1,933	$296,947
VB	Vanguard Index Funds	940	$284,932
NVO	Novo Nordisk A S	4,968	$238,165
BAC	Bank Of America Corp	3,898	$222,108
IWB	iShares Russell 1000 ETF	524	$214,578
IMCG	iShares Morningstar Mid-Cap Growth ETF	2,127	$209,084
LEN	Lennar Corp	2,284	$206,679
VLO	Valero Energy Corp	788	$205,226
BUG	Global X Cybersecurity ETF	6,087	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
LECO	Lincoln Electric Holdings Inc	997	$248,332
INTU	Intuit Inc.	560	$242,132
ADP	Automatic Data Processing Inc	1,030	$209,275
VTRS	Viatris Inc	15,382	$207,810
GILD	Gilead Sciences, Inc.	1,436	$200,135
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

201 tracked positions · $1,127,256,988 total · filing declares 201 positions · $1,134,766,297 · 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 201 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	222,437	-2,636	$64,364,370	+12.7%	26+	before history	5.71%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	109,957	-11,331	$40,688,488	+4.6%	26+	before history	3.61%
QCOM	Qualcomm Inc Technology	Reduced	173,332	-17,499	$32,030,020	+30.3%	26+	before history	2.84%
GOOGL	Alphabet Inc. Communication Services	Reduced	87,229	-1,454	$31,173,027	+22.2%	26+	before history	2.77%
VEU	Vanguard International Equity Index Funds	Added	359,801	+4,011	$30,133,333	+12.8%	26+	before history	2.67%
PANW	Palo Alto Networks Inc Technology	Reduced	84,926	-1,104	$28,961,464	+110.0%	11	$162.59	2.57%
MS	Morgan Stanley Financial Services	Reduced	126,507	-4,366	$26,445,023	+22.8%	26+	before history	2.35%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	316,442	-5,456	$22,546,492	+9.3%	26+	before history	2.00%
HD	Home Depot, Inc. Consumer Cyclical	Added	63,419	+326	$22,366,612	+7.8%	26+	before history	1.98%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	90,252	-5,287	$21,510,661	+8.1%	26+	before history	1.91%
V	Visa Inc. Financial Services	Reduced	62,524	-246	$21,451,359	+13.1%	26+	before history	1.90%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	65,314	-280	$21,379,231	+10.8%	26+	before history	1.90%
PEP	Pepsico Inc Consumer Defensive	Added	148,515	+1,604	$20,108,931	−11.9%	26+	before history	1.78%
GOOG	Alphabet Inc. Communication Services	Reduced	54,038	-433	$19,093,246	+22.2%	26+	before history	1.69%
EOG	Eog Resources Inc Energy	Added	141,067	+1,915	$18,300,621	−9.0%	9	$117.54	1.62%
CVX	Chevron Corp Energy	Reduced	102,892	-184	$17,055,377	−20.0%	26+	before history	1.51%
ASML	Asml Holding NV Technology	Reduced	8,511	-303	$16,932,122	+45.4%	17	$692.41	1.50%
COST	Costco Wholesale Corp Consumer Defensive	Added	17,695	+2,939	$16,553,141	+12.6%	26+	before history	1.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	112,178	-88	$16,449,781	+1.4%	26+	before history	1.46%
TRV	Travelers Companies, Inc. Financial Services	Added	49,145	+103	$16,223,747	+13.4%	26+	before history	1.44%
IVV	iShares Core S&P 500 ETF	Added	20,277	+194	$15,185,242	+15.8%	26+	before history	1.35%
IJH	iShares Core S&P Mid-Cap ETF	Added	193,305	+3,236	$14,905,748	+16.1%	26+	before history	1.32%
QQQ	Invesco Qqq Trust, Series 1	Reduced	19,627	-1,325	$14,453,322	+19.5%	26+	before history	1.28%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	28,718	+96	$14,370,200	+4.8%	26+	before history	1.27%
CSCO	Cisco Systems, Inc. Technology	Reduced	119,153	-4,875	$13,995,711	+45.4%	26+	before history	1.24%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	187,523	-255	$13,754,812	+30.1%	25	$45.54	1.22%
AVDV	Avantis International Small Cap Value ETF	Reduced	126,197	-1,115	$13,004,600	+2.3%	7	$77.29	1.15%
MSFT	Microsoft Corp Technology	Added	33,964	+844	$12,669,251	+3.3%	26+	before history	1.12%
MA	Mastercard Inc Financial Services	Added	23,657	+7	$12,150,235	+2.8%	26+	before history	1.08%
VRTX	Vertex Pharmaceuticals Inc Healthcare	Added	24,289	+1,055	$12,065,074	+16.3%	21	$298.95	1.07%
NOC	Northrop Grumman Corp Industrials	Added	23,027	+933	$11,727,881	−22.2%	22	$360.40	1.04%
JNJ	Johnson & Johnson Healthcare	Reduced	46,049	-417	$11,695,064	+3.0%	26+	before history	1.04%
NXPI	NXP Semiconductors N.V. Technology	Reduced	38,062	-10,111	$10,696,563	+12.8%	26+	before history	0.95%
ROK	Rockwell Automation, Inc Industrials	Reduced	20,361	-168	$10,080,323	+36.8%	26+	before history	0.89%
RSG	Republic Services, Inc. Industrials	Added	44,998	+1,281	$9,588,173	+0.1%	25	$134.07	0.85%
NOW	ServiceNow, Inc. Technology	Reduced	96,183	-389	$9,549,048	−5.4%	14	unpriced	0.85%
AMGN	Amgen Inc Healthcare	Reduced	25,990	-22	$9,411,498	+2.8%	26+	before history	0.83%
PSX	Phillips 66 Energy	Reduced	55,644	-1,147	$9,406,618	−9.1%	26+	before history	0.83%
WSM	Williams Sonoma Inc Consumer Cyclical	Reduced	39,605	-100	$9,231,925	+27.5%	21	$81.81	0.82%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	115,170	+7,872	$9,101,885	+7.0%	18	$77.79	0.81%
DHR	Danaher Corp Healthcare	Added	47,552	+220	$9,057,704	+0.9%	26+	before history	0.80%
IQV	Iqvia Holdings Inc. Healthcare	Added	46,755	+180	$9,034,001	+13.7%	26+	before history	0.80%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	35,571	-716	$8,758,291	+16.0%	26+	before history	0.78%
IJR	iShares Core S&P Small-Cap ETF	Added	58,620	+420	$8,693,932	+20.2%	26+	before history	0.77%
J	Jacobs Solutions Inc. Industrials	Reduced	68,539	-3,784	$8,635,914	−6.2%	16	unpriced	0.77%
TEL	TE Connectivity plc Technology	Added	42,514	+1,055	$8,571,247	−1.1%	6	$151.71	0.76%
GS	Goldman Sachs Group Inc Financial Services	Reduced	8,374	-3,119	$8,469,212	−12.9%	26+	before history	0.75%
AEP	American Electric Power Co Inc Utilities	Reduced	58,400	-1,078	$7,989,704	+2.5%	26+	before history	0.71%
AVEM	Avantis Emerging Markets Equity ETF	Reduced	80,020	-920	$7,721,129	+18.4%	9	$74.51	0.68%
NEE	Nextera Energy Inc Utilities	Added	87,769	+906	$7,703,485	−4.5%	26+	before history	0.68%

Showing the top 50 of 201 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.