Dillon & Associates
JACKSON, MIfiles as DILLON & ASSOCIATES INC
$817m in 80 US stocks at the end of 30 June 2026. The top 10 are 63.2% of the money. It changed about 7.4% of the portfolio this quarter.
Value
$817m
Stocks
80
Top 10 share
63.2%
Turnover
7.4%
What changed this quarter
New
Bought for the first time this quarter.
- Dutch BrosBROS0.5% of the fund
- AstrazenecaAZN0.4% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- CaterpillarCAT<0.1% of the fund
- Advanced Micro DevicesAMD<0.1% of the fund
- General ElectricGE<0.1% of the fund
- Palantir TechnologiesPLTR<0.1% of the fund
Added
Bought more of a stock they already held.
- Palo Alto NetworksPANW5.3% of the fund+2%
- StrykerSYK3.6% of the fund+8%
- Amazon.comAMZN3.0% of the fund+3%
- Caseys General StoresCASY3.0% of the fund+2%
- Abbott LaboratoriesABT2.8% of the fund+9%
- Automatic Data ProcessingADP2.0% of the fund+5%
- EcolabECL2.0% of the fund+14%
- Intuitive SurgicalISRG2.0% of the fund+19%
- Eli LillyLLY1.8% of the fund+35%
- EatonETN1.3% of the fund+7%
- MicrosoftMSFT1.1% of the fund+13%
- NextEra EnergyNEE0.9% of the fund+5%
- American ExpressAXP0.9% of the fund+1169%
- Monster BeverageMNST0.7% of the fund+6%
- NetflixNFLX0.5% of the fund+49%
- Celsius HoldingsCELH0.2% of the fund+29%
- Taiwan Semiconductor ManufacturingTSM<0.1% of the fund+34%
- GE VernovaGEV<0.1% of the fund+39%
- Rockwell AutomationROK<0.1% of the fund+3%
- Emerson ElectricEMR<0.1% of the fund+4%
- Berkshire HathawayBRK-B<0.1% of the fund+10%
- LindeLIN<0.1% of the fund+6%
Cut
Sold some of their stake.
- Lowe's CompaniesLOW1.9% of the fund-6%
- StarbucksSBUX0.8% of the fund-17%
- Chipotle Mexican GrillCMG0.6% of the fund-50%
- Home DepotHD0.4% of the fund-9%
- Paycom SoftwarePAYC0.4% of the fund-59%
- PepsiCoPEP0.3% of the fund-10%
- Novo Nordisk A SNVO0.3% of the fund-72%
- Regeneron PharmaceuticalsREGN0.3% of the fund-7%
- McDonald'sMCD0.3% of the fund-2%
- Procter & GamblePG0.3% of the fund-3%
- Colgate-PalmoliveCL0.3% of the fund-14%
- PaychexPAYX0.2% of the fund-47%
- SalesforceCRM0.2% of the fund-64%
- QualcommQCOM0.1% of the fund-13%
Sold out
Sold their entire stake.
- AstrazenecaAZN-100%
- Honeywell InternationalHON-100%
- AdobeADBE-100%
Holdings
- Canadian National RailwayCNI
- Share
- 1.1%
- Value
- $9m
- Shares
- 73,054
Held
- Honeywell AerospaceHONA
- Share
- <0.1%
- Value
- $724,000
- Shares
- 3,277
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 20.8% | $170m | 848,222 | Held |
| AppleAAPL | 8.9% | $73m | 251,126 | Held |
| AlphabetGOOGL | 8.4% | $69m | 192,561 | Held |
| Palo Alto NetworksPANW | 5.3% | $44m | 127,941 | +2% |
| VisaV | 4.9% | $40m | 117,613 | Held |
| StrykerSYK | 3.6% | $30m | 94,225 | +8% |
| Amazon.comAMZN | 3.0% | $24m | 102,422 | +3% |
| Caseys General StoresCASY | 3.0% | $24m | 30,585 | +2% |
| Abbott LaboratoriesABT | 2.8% | $23m | 252,404 | +9% |
| AlphabetGOOG | 2.5% | $20m | 57,547 | Held |
| O'Reilly AutomotiveORLY | 2.1% | $17m | 189,729 | Held |
| Automatic Data ProcessingADP | 2.0% | $17m | 74,710 | +5% |
| Air Products & ChemicalsAPD | 2.0% | $17m | 56,812 | Held |
| EcolabECL | 2.0% | $17m | 59,520 | +14% |
| Intuitive SurgicalISRG | 2.0% | $16m | 40,683 | +19% |
| Norfolk SouthernNSC | 1.9% | $16m | 49,318 | Held |
| Lowe's CompaniesLOW | 1.9% | $15m | 69,382 | -6% |
| Eli LillyLLY | 1.8% | $15m | 12,093 | +35% |
| Costco WholesaleCOST | 1.7% | $14m | 14,503 | Held |
| EatonETN | 1.3% | $11m | 24,693 | +7% |
| DanaherDHR | 1.3% | $10m | 54,953 | Held |
| Canadian National RailwayCNI | 1.1% | $9m | 73,054 | Held |
| MicrosoftMSFT | 1.1% | $9m | 23,204 | +13% |
| RTXRTX | 1.0% | $8m | 40,908 | Held |
| NextEra EnergyNEE | 0.9% | $8m | 86,923 | +5% |
| American ExpressAXP | 0.9% | $7m | 20,678 | +1169% |
| Meta PlatformsMETA | 0.8% | $7m | 12,126 | Held |
| StarbucksSBUX | 0.8% | $6m | 62,662 | -17% |
| Monster BeverageMNST | 0.7% | $6m | 61,784 | +6% |
| Johnson & JohnsonJNJ | 0.7% | $6m | 23,002 | Held |
| JPMorgan ChaseJPM | 0.6% | $5m | 15,544 | Held |
| Chipotle Mexican GrillCMG | 0.6% | $5m | 140,314 | -50% |
| Dutch BrosBROS | 0.5% | $4m | 61,521 | New |
| NetflixNFLX | 0.5% | $4m | 59,922 | +49% |
| Home DepotHD | 0.4% | $4m | 9,950 | -9% |
| Paycom SoftwarePAYC | 0.4% | $3m | 27,756 | -59% |
| ASML Holding NVASML | 0.4% | $3m | 1,724 | Held |
| AstrazenecaAZN | 0.4% | $3m | 15,165 | New |
| PepsiCoPEP | 0.3% | $3m | 20,775 | -10% |
| Novo Nordisk A SNVO | 0.3% | $3m | 57,796 | -72% |
| Regeneron PharmaceuticalsREGN | 0.3% | $3m | 4,086 | -7% |
| McDonald'sMCD | 0.3% | $2m | 9,081 | -2% |
| Procter & GamblePG | 0.3% | $2m | 15,997 | -3% |
| Colgate-PalmoliveCL | 0.3% | $2m | 22,650 | -14% |
| PaychexPAYX | 0.2% | $2m | 20,359 | -47% |
| Analog DevicesADI | 0.2% | $2m | 4,749 | Held |
| SalesforceCRM | 0.2% | $2m | 11,779 | -64% |
| WalmartWMT | 0.2% | $2m | 15,775 | Held |
| AbbVieABBV | 0.2% | $2m | 7,026 | Held |
| Generac HoldingsGNRC | 0.2% | $2m | 5,628 | Held |
| Celsius HoldingsCELH | 0.2% | $1m | 46,064 | +29% |
| QualcommQCOM | 0.1% | $1m | 5,497 | -13% |
| SyscoSYY | 0.1% | $1m | 12,014 | Held |
| AmgenAMGN | 0.1% | $899,000 | 2,483 | Held |
| Honeywell InternationalHON | <0.1% | $734,000 | 3,277 | New |
| Honeywell AerospaceHONA | <0.1% | $724,000 | 3,277 | New |
| Taiwan Semiconductor ManufacturingTSM | <0.1% | $722,000 | 1,511 | +34% |
| GE VernovaGEV | <0.1% | $674,000 | 574 | +39% |
| Rockwell AutomationROK | <0.1% | $670,000 | 1,353 | +3% |
| Cisco SystemsCSCO | <0.1% | $633,000 | 5,413 | Held |
| Emerson ElectricEMR | <0.1% | $477,000 | 3,335 | +4% |
| UnitedHealth GroupUNH | <0.1% | $463,000 | 1,113 | Held |
| AflacAFL | <0.1% | $386,000 | 3,300 | Held |
| HersheyHSY | <0.1% | $371,000 | 2,121 | Held |
| TeslaTSLA | <0.1% | $366,000 | 870 | Held |
| Walt DisneyDIS | <0.1% | $326,000 | 3,397 | Held |
| Novartis AGNVS | <0.1% | $319,000 | 2,031 | Held |
| US BancorpUSB | <0.1% | $309,000 | 5,150 | Held |
| Mondelez InternationalMDLZ | <0.1% | $304,000 | 5,242 | Held |
| Capital One FinancialCOF | <0.1% | $302,000 | 1,500 | Held |
| Coca-ColaKO | <0.1% | $302,000 | 3,728 | Held |
| Marsh & McLennan CompaniesMRSH | <0.1% | $301,000 | 1,800 | Held |
| EnbridgeENB | <0.1% | $288,000 | 5,337 | Held |
| Berkshire HathawayBRK-B | <0.1% | $282,000 | 564 | +10% |
| LindeLIN | <0.1% | $281,000 | 541 | +6% |
| CaterpillarCAT | <0.1% | $262,000 | 246 | New |
| Advanced Micro DevicesAMD | <0.1% | $253,000 | 435 | New |
| ImmunityBioIBRX | <0.1% | $214,000 | 23,800 | Held |
| General ElectricGE | <0.1% | $211,000 | 564 | New |
| Palantir TechnologiesPLTR | <0.1% | $200,000 | 1,710 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 10.9% since 30 June 2025.
Where the money is
Technology37.3%
Health care13.6%
Media & telecom12.3%
Retail & consumer9.7%
Industrials8.6%
Everyday goods6.9%
Financial services6.6%
Materials4.1%
Utilities0.9%
Energy0.0%
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.