Davidson Investment Advisors
GREAT FALLS, MT
$2.4bn in 123 US stocks at the end of 30 June 2026. The top 10 are 38.6% of the money. It changed about 11.1% of the portfolio this quarter.
Value
$2.4bn
Stocks
123
Top 10 share
38.6%
Turnover
11.1%
What changed this quarter
New
Bought for the first time this quarter.
- FedEx Freight Holding CompanyFDXF0.9% of the fund
- Ishares TRMTUM0.7% of the fund
- Honeywell InternationalHON0.5% of the fund
- Honeywell AerospaceHONA0.5% of the fund
- Infineon Technologies-AdrIFNNY0.4% of the fund
Added
Bought more of a stock they already held.
- NvidiaNVDA3.2% of the fund+15%
- Meta PlatformsMETA2.1% of the fund+5%
- BroadcomAVGO2.0% of the fund+26%
- EatonETN2.0% of the fund+38%
- VisaV1.4% of the fund+17%
- Camden Property TrustCPT1.0% of the fund+38%
- ProgressivePGR1.0% of the fund+34%
- StandardAeroSARO0.9% of the fund+21%
- Vanguard MUN BD FDSVTEB0.9% of the fund+5%
- TrimbleTRMB0.7% of the fund+38%
- Ishares TRDGRO0.5% of the fund+8%
- ZoetisZTS0.3% of the fund+108%
- Johnson & JohnsonJNJ<0.1% of the fund+2%
- Ishares TRCMF<0.1% of the fund+11%
- Vanguard Star FDSVXUS<0.1% of the fund+15%
- StrykerSYK<0.1% of the fund+3%
- DeereDE<0.1% of the fund+5%
- Abbott LaboratoriesABT<0.1% of the fund+4%
- ExxonMobil HoldingsXOM<0.1% of the fund+32%
Cut
Sold some of their stake.
- AlphabetGOOG4.8% of the fund-8%
- Amazon.comAMZN4.4% of the fund-4%
- AppleAAPL4.0% of the fund-3%
- Taiwan Semiconductor ManufacturingTSM3.9% of the fund-4%
- MicrosoftMSFT3.7% of the fund-3%
- Hyatt HotelsH2.3% of the fund-3%
- CitigroupC1.7% of the fund-5%
- SempraSRE1.6% of the fund-2%
- Labcorp HoldingsLH1.5% of the fund-3%
- AGNC InvestmentAGNC1.5% of the fund-16%
- Cisco SystemsCSCO1.4% of the fund-9%
- Analog DevicesADI1.4% of the fund-2%
- Arista NetworksANET1.3% of the fund-6%
- RTXRTX1.3% of the fund-35%
- MedtronicMDT1.1% of the fund-4%
- Palo Alto NetworksPANW1.1% of the fund-26%
- Cigna GroupCI1.1% of the fund-5%
- Goldman Sachs GroupGS1.0% of the fund-24%
- WalmartWMT1.0% of the fund-5%
- Vertex PharmaceuticalsVRTX1.0% of the fund-5%
- QualcommQCOM0.9% of the fund-16%
- Home DepotHD0.9% of the fund-6%
- Gildan ActivewearGIL0.9% of the fund-6%
- ChevronCVX0.9% of the fund-6%
- EOG ResourcesEOG0.8% of the fund-5%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- CubeSmartCUBE-100%
- PayPal HoldingsPYPL-100%
- Vanguard Whitehall FDSVYM-100%
- Ishares TRPFF-100%
- LAS Vegas SandsLVS-100%
- Becton DickinsonBDX-100%
- ChubbCB-100%
Holdings
- Ishares TRIXUS
- Share
- 8.3%
- Value
- $203m
- Shares
- 2,122,254
Held
- Vanguard Wellington FDVFMO
- Share
- 1.6%
- Value
- $39m
- Shares
- 156,341
Held
- IsharesEUSA
- Share
- 1.2%
- Value
- $29m
- Shares
- 251,532
Held
- Gildan ActivewearGIL
- Share
- 0.9%
- Value
- $21m
- Shares
- 415,251
-6%
- Vanguard MUN BD FDSVTEB
- Share
- 0.9%
- Value
- $21m
- Shares
- 411,742
+5%
- Vaneck ETF TrustITM
- Share
- 0.8%
- Value
- $19m
- Shares
- 410,872
Held
- Ishares TRMTUM
- Share
- 0.7%
- Value
- $17m
- Shares
- 49,002
New
- Honeywell AerospaceHONA
- Share
- 0.5%
- Value
- $12m
- Shares
- 53,381
New
- Ishares TRDGRO
- Share
- 0.5%
- Value
- $11m
- Shares
- 151,090
+8%
- Infineon Technologies-AdrIFNNY
- Share
- 0.4%
- Value
- $11m
- Shares
- 114,123
New
- J P Morgan Exchange Traded FJMST
- Share
- 0.4%
- Value
- $11m
- Shares
- 209,448
-3%
- Ishares TRITOT
- Share
- 0.3%
- Value
- $8m
- Shares
- 49,458
Held
- Vanguard Index FDSVB
- Share
- 0.2%
- Value
- $6m
- Shares
- 20,105
-4%
- Ishares TRMUB
- Share
- 0.2%
- Value
- $5m
- Shares
- 48,395
Held
- Spdr Series TrustSHM
- Share
- <0.1%
- Value
- $2m
- Shares
- 43,357
-8%
- Vanguard Index FDSVTI
- Share
- <0.1%
- Value
- $1m
- Shares
- 4,052
Held
- Ishares TRCMF
- Share
- <0.1%
- Value
- $1m
- Shares
- 25,689
+11%
- Vanguard Scottsdale FDSVTHR
- Share
- <0.1%
- Value
- $1m
- Shares
- 3,061
-6%
- Ishares TRIJH
- Share
- <0.1%
- Value
- $751,591
- Shares
- 9,747
Held
- Ishares TRIDEV
- Share
- <0.1%
- Value
- $633,573
- Shares
- 7,118
-29%
- Vanguard Index FDSVOO
- Share
- <0.1%
- Value
- $616,755
- Shares
- 898
Held
- Ishares TRIUSB
- Share
- <0.1%
- Value
- $564,738
- Shares
- 12,237
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRIXUS | 8.3% | $203m | 2,122,254 | Held |
| AlphabetGOOG | 4.8% | $117m | 332,294 | -8% |
| Amazon.comAMZN | 4.4% | $107m | 447,774 | -4% |
| AppleAAPL | 4.0% | $99m | 341,640 | -3% |
| Taiwan Semiconductor ManufacturingTSM | 3.9% | $96m | 200,103 | -4% |
| MicrosoftMSFT | 3.7% | $91m | 242,760 | -3% |
| NvidiaNVDA | 3.2% | $78m | 388,989 | +15% |
| Hyatt HotelsH | 2.3% | $55m | 284,109 | -3% |
| Meta PlatformsMETA | 2.1% | $50m | 89,113 | +5% |
| BroadcomAVGO | 2.0% | $49m | 128,579 | +26% |
| EatonETN | 2.0% | $48m | 113,066 | +38% |
| CitigroupC | 1.7% | $42m | 300,617 | -5% |
| Vanguard Wellington FDVFMO | 1.6% | $39m | 156,341 | Held |
| SempraSRE | 1.6% | $38m | 414,833 | -2% |
| Labcorp HoldingsLH | 1.5% | $37m | 132,898 | -3% |
| AGNC InvestmentAGNC | 1.5% | $37m | 3,371,067 | -16% |
| VisaV | 1.4% | $35m | 102,129 | +17% |
| Cisco SystemsCSCO | 1.4% | $35m | 296,446 | -9% |
| Analog DevicesADI | 1.4% | $33m | 83,377 | -2% |
| Arista NetworksANET | 1.3% | $32m | 188,476 | -6% |
| RTXRTX | 1.3% | $31m | 163,898 | -35% |
| IsharesEUSA | 1.2% | $29m | 251,532 | Held |
| MedtronicMDT | 1.1% | $27m | 348,684 | -4% |
| Palo Alto NetworksPANW | 1.1% | $27m | 78,979 | -26% |
| Cigna GroupCI | 1.1% | $26m | 95,348 | -5% |
| CVS HealthCVS | 1.0% | $25m | 244,542 | Held |
| Camden Property TrustCPT | 1.0% | $25m | 218,944 | +38% |
| Goldman Sachs GroupGS | 1.0% | $25m | 24,653 | -24% |
| ProgressivePGR | 1.0% | $25m | 112,873 | +34% |
| WalmartWMT | 1.0% | $24m | 214,078 | -5% |
| Vertex PharmaceuticalsVRTX | 1.0% | $24m | 48,710 | -5% |
| FedEx Freight Holding CompanyFDXF | 0.9% | $23m | 152,374 | New |
| BoeingBA | 0.9% | $22m | 102,283 | Held |
| QualcommQCOM | 0.9% | $22m | 119,319 | -16% |
| StandardAeroSARO | 0.9% | $22m | 731,491 | +21% |
| Bank of AmericaBAC | 0.9% | $22m | 383,246 | Held |
| Charles SchwabSCHW | 0.9% | $22m | 234,899 | Held |
| Home DepotHD | 0.9% | $22m | 61,101 | -6% |
| Gildan ActivewearGIL | 0.9% | $21m | 415,251 | -6% |
| ChevronCVX | 0.9% | $21m | 125,820 | -6% |
| Vanguard MUN BD FDSVTEB | 0.9% | $21m | 411,742 | +5% |
| Philip Morris InternationalPM | 0.9% | $21m | 114,953 | Held |
| EOG ResourcesEOG | 0.8% | $21m | 159,172 | -5% |
| AstrazenecaAZN | 0.8% | $21m | 108,676 | -6% |
| CortevaCTVA | 0.8% | $19m | 230,036 | -6% |
| Vaneck ETF TrustITM | 0.8% | $19m | 410,872 | Held |
| Thermo Fisher ScientificTMO | 0.8% | $19m | 38,437 | -4% |
| Otis WorldwideOTIS | 0.8% | $19m | 262,612 | -11% |
| First Interstate BancsystemFIBK | 0.8% | $18m | 478,878 | Held |
| DynatraceDT | 0.7% | $18m | 417,440 | -5% |
| NetflixNFLX | 0.7% | $18m | 249,653 | -5% |
| Terreno RealtyTRNO | 0.7% | $18m | 275,086 | Held |
| ExelonEXC | 0.7% | $17m | 366,488 | -5% |
| TrimbleTRMB | 0.7% | $17m | 331,617 | +38% |
| Ishares TRMTUM | 0.7% | $17m | 49,002 | New |
| Elanco Animal HealthELAN | 0.7% | $16m | 668,594 | Held |
| Canadian Pacific Kansas CityCP | 0.7% | $16m | 188,197 | Held |
| Constellation BrandsSTZ | 0.7% | $16m | 115,584 | -6% |
| Bristol-Myers SquibbBMY | 0.7% | $16m | 277,201 | -5% |
| T-Mobile USTMUS | 0.6% | $15m | 91,832 | -6% |
| Lowe's CompaniesLOW | 0.6% | $15m | 68,609 | Held |
| Intercontinental ExchangeICE | 0.6% | $15m | 118,842 | Held |
| Glacier BancorpGBCI | 0.6% | $15m | 283,016 | -6% |
| PfizerPFE | 0.6% | $14m | 570,345 | Held |
| ComcastCMCSA | 0.5% | $13m | 546,533 | Held |
| EQTEQT | 0.5% | $13m | 250,007 | Held |
| LindeLIN | 0.5% | $13m | 24,822 | Held |
| SalesforceCRM | 0.5% | $13m | 79,958 | -8% |
| Honeywell InternationalHON | 0.5% | $12m | 53,764 | New |
| Honeywell AerospaceHONA | 0.5% | $12m | 53,381 | New |
| Fuller H BFUL | 0.5% | $12m | 199,390 | -5% |
| Ishares TRDGRO | 0.5% | $11m | 151,090 | +8% |
| WafdWAFD | 0.4% | $11m | 282,839 | -6% |
| Infineon Technologies-AdrIFNNY | 0.4% | $11m | 114,123 | New |
| J P Morgan Exchange Traded FJMST | 0.4% | $11m | 209,448 | -3% |
| IntuitINTU | 0.4% | $10m | 37,855 | -9% |
| Diamondback EnergyFANG | 0.4% | $10m | 55,568 | -3% |
| Ishares TRITOT | 0.3% | $8m | 49,458 | Held |
| ZoetisZTS | 0.3% | $8m | 111,868 | +108% |
| Bellring BrandsBRBR | 0.3% | $8m | 610,859 | -18% |
| Expand EnergyEXE | 0.3% | $7m | 75,621 | -7% |
| Vanguard Index FDSVB | 0.2% | $6m | 20,105 | -4% |
| Ishares TRMUB | 0.2% | $5m | 48,395 | Held |
| Spdr Series TrustSHM | <0.1% | $2m | 43,357 | -8% |
| AlphabetGOOGL | <0.1% | $2m | 5,096 | -4% |
| Johnson & JohnsonJNJ | <0.1% | $2m | 6,977 | +2% |
| Vanguard Index FDSVTI | <0.1% | $1m | 4,052 | Held |
| Ishares TRCMF | <0.1% | $1m | 25,689 | +11% |
| CaterpillarCAT | <0.1% | $1m | 1,389 | Held |
| JPMorgan ChaseJPM | <0.1% | $1m | 4,058 | -4% |
| Costco WholesaleCOST | <0.1% | $1m | 1,260 | Held |
| Vanguard Scottsdale FDSVTHR | <0.1% | $1m | 3,061 | -6% |
| FedExFDX | <0.1% | $851,433 | 2,719 | -96% |
| AbbVieABBV | <0.1% | $849,788 | 3,377 | -3% |
| Ishares TRIJH | <0.1% | $751,591 | 9,747 | Held |
| Morgan StanleyMS | <0.1% | $716,380 | 3,427 | Held |
| Southern CompanySO | <0.1% | $698,683 | 7,300 | Held |
| Ishares TRIDEV | <0.1% | $633,573 | 7,118 | -29% |
| Vanguard Index FDSVOO | <0.1% | $616,755 | 898 | Held |
| Ishares TRIUSB | <0.1% | $564,738 | 12,237 | Held |
Showing the largest 100 of 123.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.0% since 30 June 2025.
Where the money is
Technology25.3%
Financial services11.0%
Health care9.7%
Retail & consumer9.0%
Media & telecom8.8%
Industrials8.5%
Energy2.9%
Everyday goods2.9%
Utilities2.3%
Materials1.8%
Real estate1.8%
Other16.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.