Front Street Capital Management
MISSOULA, MTfiles as Front Street Capital Management, Inc.
$881m in 70 US stocks at the end of 30 June 2026. The top 10 are 60.0% of the money. It changed about 27.0% of the portfolio this quarter.
Value
$881m
Stocks
70
Top 10 share
60.0%
Turnover
27.0%
What changed this quarter
New
Bought for the first time this quarter.
- Lumen TechnologiesLUMN10.6% of the fund
- General ElectricGE8.0% of the fund
- GenthermTHRM0.1% of the fund
- Cal-Maine FoodsCALM<0.1% of the fund
- MerckMRK<0.1% of the fund
- Valero EnergyVLO<0.1% of the fund
Added
Bought more of a stock they already held.
- AzentaAZTA3.8% of the fund+46%
- International PaperIP3.0% of the fund+24%
- HNIHNI2.7% of the fund+130%
- EnovisENOV1.9% of the fund+6%
- MillerknollMLKN1.7% of the fund+2%
- Global PaymentsGPN0.8% of the fund+48%
- Markel GroupMKL0.6% of the fund+80%
- Columbus MckinnonCMCO0.4% of the fund+8%
- ProgressivePGR0.2% of the fund+67%
- Procter & GamblePG0.2% of the fund+3%
- ExxonMobil HoldingsXOM<0.1% of the fund+25%
Cut
Sold some of their stake.
- CognexCGNX10.3% of the fund-5%
- GE VernovaGEV5.7% of the fund-8%
- ManitowocMTW5.1% of the fund-3%
- Vanguard Index FDSVOO4.8% of the fund-8%
- Lumentum HoldingsLITE4.2% of the fund-43%
- CorningGLW4.1% of the fund-17%
- CoherentCOHR3.4% of the fund-14%
- CienaCIEN2.7% of the fund-20%
- ST JOEJOE1.9% of the fund-4%
- NucorNUE1.8% of the fund-9%
- Costco WholesaleCOST1.7% of the fund-7%
- TerexTEX1.5% of the fund-16%
- AppleAAPL0.5% of the fund-51%
- ATS Corp /ATSATS0.4% of the fund-52%
- Advanced Micro DevicesAMD0.3% of the fund-40%
- InterfaceTILE0.2% of the fund-8%
- Vanguard Index FDSVTI0.2% of the fund-3%
- Expeditors International of WashingtonEXPD0.2% of the fund-12%
- AlphabetGOOG0.1% of the fund-9%
- NvidiaNVDA0.1% of the fund-23%
- AlphabetGOOGL0.1% of the fund-35%
- Bank of AmericaBAC<0.1% of the fund-21%
- Amazon.comAMZN<0.1% of the fund-25%
- JPMorgan ChaseJPM<0.1% of the fund-17%
- Coca-ColaKO<0.1% of the fund-29%
Sold out
Sold their entire stake.
- Centurylink-100%
- General ElectricGE-100%
- Vanguard 500 Index AdmiralVFIAX-100%
- McDonald'sMCD-100%
- Schwab S&P 500 IndexSWPPX-100%
- StarbucksSBUX-100%
- RogersROG-100%
- Standard BiotoolsLAB-100%
- SEI InvestmentsSEIC-100%
Holdings
- Vanguard Index FDSVOO
- Share
- 4.8%
- Value
- $43m
- Shares
- 61,985
-8%
- ATS Corp /ATSATS
- Share
- 0.4%
- Value
- $4m
- Shares
- 124,973
-52%
- Vanguard Index FDSVTI
- Share
- 0.2%
- Value
- $1m
- Shares
- 3,797
-3%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.1%
- Value
- $1m
- Shares
- 1,360
Held
- Ishares TRIWM
- Share
- <0.1%
- Value
- $375,863
- Shares
- 1,251
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Lumen TechnologiesLUMN | 10.6% | $93m | 12,171,321 | New |
| CognexCGNX | 10.3% | $91m | 1,255,029 | -5% |
| General ElectricGE | 8.0% | $70m | 188,533 | New |
| GE VernovaGEV | 5.7% | $50m | 42,527 | -8% |
| ManitowocMTW | 5.1% | $45m | 3,207,113 | -3% |
| Vanguard Index FDSVOO | 4.8% | $43m | 61,985 | -8% |
| Lumentum HoldingsLITE | 4.2% | $37m | 43,038 | -43% |
| CorningGLW | 4.1% | $36m | 141,078 | -17% |
| AzentaAZTA | 3.8% | $33m | 1,301,398 | +46% |
| Berkshire HathawayBRK-B | 3.5% | $31m | 61,247 | Held |
| CoherentCOHR | 3.4% | $30m | 75,166 | -14% |
| Baxter InternationalBAX | 3.2% | $28m | 1,319,992 | Held |
| International PaperIP | 3.0% | $26m | 695,215 | +24% |
| CienaCIEN | 2.7% | $24m | 47,975 | -20% |
| HNIHNI | 2.7% | $23m | 580,610 | +130% |
| DanaherDHR | 2.5% | $22m | 116,253 | Held |
| Modine ManufacturingMOD | 2.2% | $19m | 71,492 | Held |
| ST JOEJOE | 1.9% | $17m | 271,931 | -4% |
| EnovisENOV | 1.9% | $16m | 787,900 | +6% |
| NucorNUE | 1.8% | $16m | 69,785 | -9% |
| Costco WholesaleCOST | 1.7% | $15m | 16,076 | -7% |
| EsabESAB | 1.7% | $15m | 151,745 | Held |
| MillerknollMLKN | 1.7% | $15m | 716,804 | +2% |
| TerexTEX | 1.5% | $13m | 186,279 | -16% |
| Global PaymentsGPN | 0.8% | $7m | 92,822 | +48% |
| Parker-HannifinPH | 0.7% | $6m | 6,407 | Held |
| Markel GroupMKL | 0.6% | $6m | 2,854 | +80% |
| VontierVNT | 0.6% | $5m | 175,070 | Held |
| GE HealthCare TechnologiesGEHC | 0.5% | $4m | 68,521 | Held |
| AppleAAPL | 0.5% | $4m | 14,627 | -51% |
| VeraltoVLTO | 0.4% | $4m | 40,804 | Held |
| ATS Corp /ATSATS | 0.4% | $4m | 124,973 | -52% |
| MicrosoftMSFT | 0.4% | $4m | 9,485 | Held |
| Columbus MckinnonCMCO | 0.4% | $3m | 229,573 | +8% |
| Advanced Micro DevicesAMD | 0.3% | $2m | 4,275 | -40% |
| ProgressivePGR | 0.2% | $2m | 8,647 | +67% |
| Procter & GamblePG | 0.2% | $2m | 11,040 | +3% |
| InterfaceTILE | 0.2% | $2m | 44,200 | -8% |
| Vanguard Index FDSVTI | 0.2% | $1m | 3,797 | -3% |
| Expeditors International of WashingtonEXPD | 0.2% | $1m | 8,330 | -12% |
| GenthermTHRM | 0.1% | $1m | 38,440 | New |
| AlphabetGOOG | 0.1% | $1m | 3,565 | -9% |
| NvidiaNVDA | 0.1% | $1m | 6,078 | -23% |
| AlphabetGOOGL | 0.1% | $1m | 3,122 | -35% |
| State STR Spdr S&P 500 ETF TSPY | 0.1% | $1m | 1,360 | Held |
| Glacier BancorpGBCI | 0.1% | $986,313 | 19,122 | Held |
| Cal-Maine FoodsCALM | <0.1% | $746,472 | 8,740 | New |
| ChevronCVX | <0.1% | $563,750 | 3,401 | Held |
| Bank of AmericaBAC | <0.1% | $557,435 | 9,783 | -21% |
| Amazon.comAMZN | <0.1% | $547,437 | 2,273 | -25% |
| TeslaTSLA | <0.1% | $501,355 | 1,192 | Held |
| JPMorgan ChaseJPM | <0.1% | $397,112 | 1,196 | -17% |
| Coca-ColaKO | <0.1% | $394,868 | 4,855 | -29% |
| Cisco SystemsCSCO | <0.1% | $393,298 | 3,406 | -8% |
| PayPal HoldingsPYPL | <0.1% | $391,254 | 8,590 | -42% |
| Colgate-PalmoliveCL | <0.1% | $377,630 | 4,119 | -16% |
| Ishares TRIWM | <0.1% | $375,863 | 1,251 | Held |
| RollinsROL | <0.1% | $349,865 | 8,382 | -9% |
| ExxonMobil HoldingsXOM | <0.1% | $339,859 | 2,464 | +25% |
| Johnson & JohnsonJNJ | <0.1% | $328,394 | 1,279 | -23% |
| Northrop GrummanNOC | <0.1% | $319,847 | 628 | Held |
| RTXRTX | <0.1% | $306,034 | 1,613 | Held |
| EatonETN | <0.1% | $302,545 | 710 | Held |
| Wells Fargo & CompanyWFC | <0.1% | $248,090 | 2,988 | -20% |
| QualcommQCOM | <0.1% | $245,586 | 1,329 | -20% |
| Verizon CommunicationsVZ | <0.1% | $230,795 | 5,451 | -20% |
| American ExpressAXP | <0.1% | $219,863 | 650 | Held |
| MerckMRK | <0.1% | $217,808 | 1,695 | New |
| Valero EnergyVLO | <0.1% | $203,404 | 781 | New |
| Illinois Tool WorksITW | <0.1% | $135,235 | 500 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 68.7% since 30 June 2025.
Where the money is
Industrials28.0%
Technology26.5%
Media & telecom10.9%
Health care8.1%
Retail & consumer6.9%
Financial services5.5%
Materials4.8%
Everyday goods2.1%
Real estate1.9%
Energy0.1%
Other5.2%
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.