DILLON & ASSOCIATES INC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $188.0M | 824,696 | +1.40pp | 32q | -2.8%-$5.4M | |
| APPLE INC | AAPL | $82.7M | 248,438 | +0.87pp | 32q | -1.1%-$895.1K | |
| ALPHABET INC | GOOGL | $66.0M | 191,889 | -0.63pp | 32q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $50.4M | 127,062 | +0.60pp | 17q | -0.7%-$349.0K | |
| VISA INC | V | $42.2M | 117,662 | +0.04pp | 32q | HELD | |
| STRYKER CORPORATION | SYK | $26.7M | 97,024 | -0.49pp | 32q | +3.0%+$769.7K | |
| AMAZON COM INC | AMZN | $25.9M | 104,069 | +0.07pp | 32q | +1.6%+$410.1K | |
| ABBOTT LABORATORIES | ABT | $25.3M | 255,076 | +0.16pp | 32q | +1.1%+$264.5K | |
| INTUITIVE SURGICAL INC | ISRG | $20.6M | 50,656 | +0.45pp | 27q | +24.5%+$4.1M | |
| ALPHABET INC | GOOG | $19.4M | 56,844 | -0.20pp | 32q | -1.2%-$239.7K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $19.3M | 74,710 | +0.22pp | 32q | HELD | |
| CASEYS GEN STORES INC | CASY | $19.2M | 31,574 | -0.71pp | 9q | +3.2%+$601.3K | |
| ECOLAB INC | ECL | $16.5M | 60,152 | -0.08pp | 32q | +1.1%+$173.8K | |
| ELI LILLY & CO | LLY | $16.1M | 13,895 | +0.12pp | 14q | +14.9%+$2.1M | |
| AIR PRODUCTS AND CHEMICALS I | APD | $16.0M | 57,616 | -0.15pp | 32q | +1.4%+$223.5K | |
| O'REILLY AUTOMOTIVE INC | ORLY | $15.7M | 184,342 | -0.29pp | 32q | -2.8%-$457.9K | |
| NORFOLK SOUTHN CORP | NSC | $15.2M | 49,341 | -0.10pp | 32q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $13.9M | 15,269 | -0.02pp | 20q | +5.3%+$697.1K | |
| MICROSOFT CORP | MSFT | $13.0M | 25,246 | +0.47pp | 32q | +8.8%+$1.0M | |
| EATON CORP PLC | ETN | $11.6M | 27,024 | +0.08pp | 32q | +9.4%+$1.0M | |
| DANAHER CORP DEL | DHR | $10.5M | 47,169 | -0.04pp | 32q | -14.2%-$1.7M | |
| LOWES COS INC | LOW | $10.1M | 54,841 | -0.68pp | 32q | -21.0%-$2.7M | |
| META PLATFORMS INC | META | $8.8M | 12,083 | +0.20pp | 32q | HELD | |
| CANADIAN NATL RY CO | CNI | $8.6M | 72,230 | -0.05pp | 32q | -1.1%-$98.1K | |
| AMERICAN EXPRESS CO | AXP | $8.1M | 26,777 | +0.10pp | 3q | +29.5%+$1.9M | |
| RTX CORPORATION | RTX | $7.5M | 40,578 | -0.06pp | 26q | -0.8%-$61.4K | |
| NEXTERA ENERGY INC | NEE | $6.9M | 90,690 | -0.12pp | 32q | +4.3%+$286.3K | |
| NETFLIX INC. | NFLX | $6.1M | 87,742 | +0.20pp | 4q | +46.4%+$1.9M | |
| JOHNSON & JOHNSON | JNJ | $6.0M | 22,657 | -0.01pp | 32q | -1.5%-$91.4K | |
| DUTCH BROS INC | BROS | $5.6M | 143,933 | +0.12pp | 2q | +134.0%+$3.2M | |
| MONSTER BEVERAGE CORP NEW | MNST | $5.2M | 123,367 | -0.12pp | 20q | HELD | |
| JPMORGAN CHASE & CO | JPM | $5.2M | 15,578 | -0.01pp | 32q | HELD | |
| STARBUCKS CORP | SBUX | $4.9M | 52,437 | -0.20pp | 32q | -16.3%-$961.1K | |
| PAYCOM SOFTWARE INC | PAYC | $4.4M | 20,376 | +0.10pp | 32q | -26.6%-$1.6M | |
| REGENERON PHARMACEUTICALS | REGN | $3.6M | 4,757 | +0.11pp | 23q | +16.4%+$508.6K | |
| ASML HLDG NV | ASML | $3.2M | 1,778 | -0.04pp | 19q | +3.1%+$97.9K | |
| ASTRAZENECA PLC | AZN | $2.7M | 16,663 | -0.04pp | 2q | +9.9%+$241.2K | |
| HOME DEPOT INC | HD | $2.5M | 8,860 | -0.13pp | 32q | -11.0%-$309.5K | |
| PEPSICO INC | PEP | $2.4M | 19,188 | -0.06pp | 32q | -7.6%-$201.6K | |
| PROCTER & GAMBLE CO | PG | $2.3M | 15,747 | -0.02pp | 32q | -1.6%-$36.2K | |
| MCDONALDS CORP | MCD | $2.1M | 9,001 | -0.06pp | 32q | -0.9%-$18.5K | |
| COLGATE PALMOLIVE CO | CL | $1.9M | 22,450 | -0.03pp | 32q | -0.9%-$17.0K | |
| ANALOG DEVICES INC | ADI | $1.9M | 4,740 | -0.01pp | 19q | HELD | |
| ABBVIE INC | ABBV | $1.8M | 7,056 | flat | 32q | HELD | |
| PAYCHEX INC | PAYX | $1.8M | 18,668 | -0.03pp | 32q | -8.3%-$165.7K | |
| SALESFORCE INC | CRM | $1.7M | 7,459 | -0.02pp | 32q | -36.7%-$993.8K | |
| WALMART INC | WMT | $1.6M | 14,955 | -0.03pp | 32q | -5.2%-$85.3K | |
| CHIPOTLE MEXICAN GRILL INC | CMG | $1.3M | 41,447 | -0.43pp | 26q | -70.5%-$3.2M | |
| NOVO-NORDISK A S | NVO | $1.3M | 34,810 | -0.18pp | 32q | -39.8%-$873.6K | |
| GENERAC HLDGS INC | GNRC | $1.2M | 5,576 | -0.07pp | 22q | -0.9%-$10.8K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.1M | 2,335 | +0.04pp | 4q | +54.5%+$375.8K | |
| AMGEN INC | AMGN | $1.0M | 2,481 | +0.01pp | 32q | HELD | |
| QUALCOMM INC | QCOM | $871.0K | 4,736 | -0.02pp | 32q | -13.8%-$140.0K | |
| SYSCO CORP | SYY | $821.0K | 10,530 | -0.03pp | 32q | -12.4%-$115.7K | |
| CELSIUS HLDGS INC | CELH | $809.0K | 29,959 | -0.07pp | 11q | -35.0%-$434.9K | |
| HONEYWELL AEROSPACE INC | HONA | $724.0K | 4,669 | flat | 2q | +42.5%+$215.9K | |
| ROCKWELL AUTOMATION INC | ROK | $671.0K | 1,542 | flat | 12q | +14.0%+$82.2K | |
| GE VERNOVA INC | GEV | $604.0K | 636 | -0.01pp | 3q | +10.8%+$58.9K | |
| HONEYWELL INTL INC | HON | $590.0K | 2,797 | -0.02pp | 2q | -14.6%-$101.3K | |
| CISCO SYS INC | CSCO | $564.0K | 5,225 | -0.01pp | 32q | -3.5%-$20.3K | |
| EMERSON ELEC CO | EMR | $505.0K | 3,259 | flat | 26q | -2.3%-$11.8K | |
| UNITEDHEALTH GROUP INC | UNH | $406.0K | 1,107 | -0.01pp | 32q | -0.5%-$2.2K | |
| AFLAC INC | AFL | $370.0K | 3,300 | flat | 16q | HELD | |
| DISNEY WALT CO | DIS | $355.0K | 3,377 | flat | 32q | -0.6%-$2.1K | |
| HERSHEY CO | HSY | $332.0K | 2,104 | -0.01pp | 19q | -0.8%-$2.7K | |
| PALANTIR TECHNOLOGIES INC | PLTR | $320.0K | 1,710 | +0.01pp | 2q | HELD | |
| MARSH & MCLENNAN COS INC | MRSH | $308.0K | 1,800 | flat | 22q | HELD | |
| COCA COLA CO | KO | $303.0K | 3,528 | flat | 32q | -5.4%-$17.2K | |
| US BANCORP | USB | $299.0K | 5,150 | flat | 11q | HELD | |
| MONDELEZ INTL INC | MDLZ | $298.0K | 5,142 | flat | 32q | -1.9%-$5.8K | |
| CAPITAL ONE FINL CORP | COF | $290.0K | 1,500 | flat | 11q | HELD | |
| NOVARTIS AG | NVS | $290.0K | 2,031 | flat | 32q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $280.0K | 562 | flat | 9q | HELD | |
| LINDE PLC | LIN | $276.0K | 580 | flat | 9q | +7.2%+$18.6K | |
| ADVANCED MICRO DEVICES INC | AMD | $272.0K | 445 | flat | 2q | +2.3%+$6.1K | |
| SPACE EXPLORATION TECHN CORP | SPCX | $269.0K | 1,781 | - | new | NEW | |
| ENBRIDGE INC | ENB | $252.0K | 5,487 | -0.01pp | 9q | +2.8%+$6.9K | |
| IMMUNITYBIO INC | IBRX | $214.0K | 23,800 | flat | 6q | HELD | |
| HUNTINGTON BANCSHARES INC | HBAN | $203.0K | 13,559 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $194.4M | 22.9% |
| Computer Hardware | $133.7M | 15.8% |
| Software & IT Services | $133.1M | 15.7% |
| Retail & Consumer | $102.8M | 12.1% |
| Biotech & Pharma | $58.3M | 6.9% |
| Medical Devices | $47.3M | 5.6% |
| Business Services | $44.1M | 5.2% |
| Chemicals | $37.0M | 4.4% |
| Transport & Logistics | $24.1M | 2.8% |
| Industrials | $14.8M | 1.7% |
| Banks & Lending | $14.1M | 1.7% |
| Other sectors | $44.9M | 5.3% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | +4.0% | +2.1% | +1.9% | 100% |
| Q2 2026 | +12.1% | +14.8% | -2.8% | 100% |
| Q1 2026 | -6.3% | -4.6% | -1.7% | 100% |
| Q4 2025 | +0.5% | +2.4% | -1.8% | 100% |
| Q3 2025 | +6.1% | +7.8% | -1.8% | 100% |
| Q2 2025 | +9.2% | +10.5% | -1.2% | 100% |
| Q1 2025 | -5.8% | -4.6% | -1.2% | 100% |
| Q4 2024 | +1.7% | +2.1% | -0.4% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $848.7M | 79 | 2 | 25 | 34 | 3 | 64.5% | 22 |
| Q2 2026 | $817.2M | 80 | 8 | 29 | 25 | 3 | 63.2% | 36 |
| Q1 2026 | $726.4M | 75 | 2 | 25 | 30 | 4 | 60.2% | 37 |
| Q4 2025 | $774.4M | 77 | 3 | 26 | 23 | 2 | 60.9% | 40 |
| Q3 2025 | $777.7M | 76 | 1 | 23 | 31 | 2 | 60.4% | 28 |
| Q2 2025 | $736.7M | 77 | 1 | 30 | 30 | 2 | 57.9% | 36 |
| Q1 2025 | $673.1M | 78 | 1 | 19 | 42 | 4 | 55.2% | 42 |
| Q4 2024 | $721.1M | 81 | 1 | 23 | 32 | 1 | 57.1% | 42 |
| Q3 2024 | $710.6M | 81 | 5 | 31 | 25 | 4 | 56.0% | 36 |
| Q2 2024 | $687.8M | 80 | 1 | 33 | 25 | 3 | 57.2% | 37 |
| Q1 2024 | $636.5M | 82 | 6 | 29 | 27 | 2 | 54.5% | 30 |
| Q4 2023 | $551.3M | 78 | 3 | 16 | 48 | 2 | 52.8% | 39 |
| Q3 2023 | $519.6M | 77 | 0 | 27 | 27 | 4 | 52.5% | 44 |
| Q2 2023 | $543.6M | 81 | 3 | 17 | 42 | 0 | 51.8% | 39 |
| Q1 2023 | $504.0M | 78 | 2 | 30 | 31 | 1 | 50.6% | 32 |
| Q4 2022 | $462.3M | 77 | 3 | 19 | 22 | 0 | 48.4% | 37 |
| Q3 2022 | $431.1M | 74 | 2 | 26 | 15 | 1 | 48.1% | 39 |
| Q2 2022 | $443.7M | 73 | 0 | 29 | 17 | 5 | 48.2% | 26 |
| Q1 2022 | $527.2M | 78 | 5 | 25 | 32 | 5 | 50.0% | 36 |
| Q4 2021 | $573.8M | 78 | 7 | 20 | 20 | 1 | 50.2% | 45 |
| Q3 2021 | $522.1M | 72 | 1 | 27 | 18 | 0 | 50.3% | 28 |
| Q2 2021 | $510.7M | 71 | 2 | 20 | 25 | 3 | 50.1% | 33 |
| Q1 2021 | $468.2M | 72 | 6 | 13 | 33 | 0 | 49.0% | 40 |
| Q4 2020 | $460.6M | 66 | 1 | 15 | 32 | 2 | 49.9% | 43 |
| Q3 2020 | $414.6M | 67 | 1 | 24 | 21 | 2 | 50.2% | 37 |
| Q2 2020 | $369.4M | 68 | 5 | 15 | 14 | 1 | 49.3% | 28 |
| Q1 2020 | $297.0M | 64 | 3 | 25 | 21 | 7 | 48.1% | 37 |
| Q4 2019 | $357.4M | 68 | 3 | 28 | 10 | 2 | 47.1% | 34 |
| Q3 2019 | $328.6M | 67 | 1 | 24 | 18 | 0 | 46.8% | 25 |
| Q2 2019 | $323.5M | 66 | 1 | 28 | 12 | 1 | 45.7% | 22 |
| Q1 2019 | $307.8M | 66 | 2 | 17 | 17 | 1 | 45.0% | 37 |
| Q4 2018 | $262.6M | 65 | 0 | 0 | 0 | 0 | 45.7% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.