Lipe & Dalton
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 |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $21.4M | 64,239 | +1.23pp | 32q | HELD | |
| ALPHABET INC | GOOG | $16.7M | 48,957 | -0.37pp | 32q | -0.5%-$92.0K | |
| GOLDMAN SACHS GROUP INC | GS | $12.5M | 13,838 | -0.76pp | 32q | HELD | |
| CANADIAN IMPERIAL BANK OF CO | CM | $8.2M | 74,210 | -0.21pp | 32q | -0.6%-$49.6K | |
| TE CONNECTIVITY PLC | TEL | $6.9M | 32,908 | +0.13pp | 9q | HELD | |
| INTEL CORP | INTC | $6.6M | 55,094 | -0.58pp | 32q | -1.8%-$120.2K | |
| BROOKFIELD CORP | BN | $6.0M | 165,381 | -0.47pp | 16q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $5.8M | 8,533 | +0.68pp | 6q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $5.7M | 11,390 | +0.46pp | 32q | +22.3%+$1.0M | |
| SNAP ON INC | SNA | $5.5M | 15,130 | -0.29pp | 9q | HELD | |
| AMAZON COM INC | AMZN | $5.1M | 20,303 | +0.08pp | 32q | HELD | |
| BOEING CO | BA | $5.0M | 27,116 | -0.39pp | 26q | HELD | |
| EMERSON ELEC CO | EMR | $4.9M | 31,375 | +0.16pp | 32q | HELD | |
| ABBVIE INC | ABBV | $4.8M | 18,365 | +0.07pp | 32q | HELD | |
| DANAHER CORP DEL | DHR | $4.8M | 21,658 | +0.33pp | 32q | +1.4%+$66.5K | |
| DEERE CO | DE | $4.8M | 7,128 | +0.08pp | 32q | -1.6%-$77.2K | |
| RTX CORPORATION | RTX | $4.7M | 25,482 | -0.09pp | 26q | -1.2%-$55.7K | |
| HERSHEY CO | HSY | $4.1M | 26,218 | -0.23pp | 32q | HELD | |
| BAXTER INTL INC | BAX | $4.1M | 170,483 | +0.25pp | 32q | +2.7%+$108.0K | |
| BORGWARNER INC | BWA | $4.0M | 66,160 | -0.25pp | 11q | -2.4%-$97.1K | |
| EATON CORP PLC | ETN | $3.8M | 8,840 | +0.01pp | 32q | HELD | |
| MORGAN STANLEY | MS | $3.6M | 19,102 | -0.19pp | 32q | HELD | |
| YUM! BRANDS INC | YUM | $3.5M | 25,832 | -0.29pp | 23q | HELD | |
| HP INC | HPQ | $3.4M | 107,477 | +0.46pp | 2q | HELD | |
| MASCO CORP | MAS | $3.3M | 48,955 | -0.32pp | 7q | HELD | |
| LEIDOS HOLDINGS INC | LDOS | $3.3M | 26,713 | - | new | NEW | |
| ONEOK INC NEW | OKE | $3.1M | 36,530 | - | new | NEW | |
| AMGEN INC | AMGN | $3.1M | 7,377 | +0.19pp | 31q | -0.7%-$21.1K | |
| TC ENERGY CORP | TRP | $2.9M | 50,022 | -0.20pp | 30q | HELD | |
| MICROSOFT CORP | MSFT | $2.9M | 5,603 | +0.35pp | 32q | -0.9%-$25.6K | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $2.4M | 41,970 | +0.10pp | 32q | +1.2%+$28.7K | |
| VISA INC | V | $2.3M | 6,363 | +0.03pp | 32q | -1.5%-$35.9K | |
| JOHNSON & JOHNSON | JNJ | $2.1M | 8,093 | +0.04pp | 32q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $2.1M | 4,200 | flat | 20q | HELD | |
| F5 INC | FFIV | $2.0M | 4,580 | +0.06pp | 9q | HELD | |
| VERTEX PHARMACEUTICALS INC | VRTX | $2.0M | 3,761 | +0.04pp | 24q | HELD | |
| MARTIN MARIETTA MATLS INC | MLM | $1.9M | 3,963 | -0.18pp | 32q | HELD | |
| META PLATFORMS INC | META | $1.9M | 2,554 | +0.19pp | 30q | HELD | |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $1.8M | 39,965 | -0.01pp | 16q | HELD | |
| CVS HEALTH CORP | CVS | $1.6M | 18,340 | -0.42pp | 32q | -23.2%-$474.0K | |
| MERCK & CO INC | MRK | $1.4M | 9,888 | +0.07pp | 32q | HELD | |
| JACOBS SOLUTIONS INC | J | $1.3M | 9,904 | +0.02pp | 17q | -3.6%-$50.7K | |
| THE CIGNA GROUP | CI | $1.2M | 4,439 | -0.01pp | 32q | HELD | |
| WELLS FARGO & CO | WFC | $1.2M | 14,838 | -0.02pp | 26q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $1.1M | 16,673 | - | new | NEW | |
| ORACLE CORP | ORCL | $1.0M | 7,421 | -0.03pp | 32q | HELD | |
| NVIDIA CORPORATION | NVDA | $902.0K | 3,951 | +0.05pp | 26q | HELD | |
| CARRIER GLOBAL CORPORATION | CARR | $766.0K | 13,965 | -0.12pp | 26q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $765.0K | 16,683 | +0.03pp | 32q | HELD | |
| BOOKING HOLDINGS INC | BKNG | $758.0K | 4,650 | -0.03pp | 3q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $735.0K | 1,850 | +0.05pp | 15q | HELD | |
| CONSOLIDATED EDISON INC | ED | $644.0K | 6,303 | -0.03pp | 2q | HELD | |
| VERALTO CORP | VLTO | $606.0K | 6,428 | +0.02pp | 12q | HELD | |
| U HAUL HOLDING COMPANY | UHALB | $588.0K | 11,135 | -0.03pp | 5q | HELD | |
| KROGER CO | KR | $586.0K | 10,000 | +0.01pp | 32q | HELD | |
| KLA CORP | KLAC | $585.0K | 3,000 | -0.15pp | 7q | HELD | |
| JPMORGAN CHASE & CO | JPM | $524.0K | 1,585 | flat | 32q | HELD | |
| BOSTON SCIENTIFIC CORP | BSX | $493.0K | 11,300 | flat | 2q | HELD | |
| CLOROX CO DEL | CLX | $480.0K | 5,925 | -0.04pp | 2q | HELD | |
| CISCO SYS INC | CSCO | $440.0K | 4,084 | -0.02pp | 32q | HELD | |
| ZOETIS INC | ZTS | $415.0K | 5,945 | -0.01pp | 15q | HELD | |
| IDEXX LABS INC | IDXX | $413.0K | 790 | flat | 5q | HELD | |
| MCDONALDS CORP | MCD | $403.0K | 1,743 | -0.03pp | 32q | HELD | |
| FORTIVE CORP | FTV | $327.0K | 5,971 | -0.02pp | 32q | HELD | |
| EXXONMOBIL HOLDINGS CORP | XOM | $323.0K | 1,983 | - | new | NEW | |
| PEPSICO INC | PEP | $284.0K | 2,245 | -0.01pp | 32q | HELD | |
| CAPITAL ONE FINL CORP | COF | $276.0K | 1,430 | -0.01pp | 6q | HELD | |
| PROCTER & GAMBLE CO | PG | $254.0K | 1,750 | flat | 32q | HELD | |
| WHIRLPOOL CORP | WHR | $242.0K | 7,880 | -0.03pp | 5q | HELD | |
| ADVANCED MICRO DEVICES INC | AMD | $232.0K | 380 | flat | 6q | HELD | |
| South Bow Corp | SOBO | $230.0K | 9,844 | -0.01pp | 8q | HELD | |
| HOME DEPOT INC | HD | $205.0K | 720 | -0.02pp | 31q | HELD | |
| MASTERCARD INCORPORATED | MA | $202.0K | 366 | +0.01pp | 32q | HELD | |
| AMENTUM HOLDINGS INC | AMTM | $198.0K | 10,916 | -0.01pp | 9q | HELD | |
| US BANCORP | USB | $189.0K | 3,275 | flat | 2q | HELD | |
| ABBOTT LABORATORIES | ABT | $156.0K | 1,580 | +0.01pp | 7q | HELD | |
| DISNEY WALT CO | DIS | $155.0K | 1,480 | +0.01pp | 32q | HELD | |
| PFIZER INC | PFE | $141.0K | 4,954 | +0.01pp | 32q | HELD | |
| COCA COLA CO | KO | $129.0K | 1,500 | flat | 32q | HELD | |
| GE AEROSPACE | GE | $104.0K | 333 | -0.01pp | 5q | HELD | |
| NETFLIX INC. | NFLX | $97.0K | 1,400 | flat | 16q | HELD | |
| ALPHABET INC | GOOGL | $88.0K | 257 | flat | 30q | HELD | |
| ALTRIA GROUP INC | MO | $76.0K | 1,125 | flat | 3q | HELD | |
| MONDELEZ INTL INC | MDLZ | $56.0K | 971 | flat | 32q | HELD | |
| BROADCOM INC | AVGO | $54.0K | 154 | -0.03pp | 17q | -49.3%-$52.6K | |
| CROWDSTRIKE HLDGS INC | CRWD | $53.0K | 200 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $50.0K | 800 | flat | 32q | HELD | |
| PHILLIPS 66 | PSX | $49.0K | 190 | - | new | NEW | |
| UNION PAC CORP | UNP | $27.0K | 100 | flat | 31q | HELD | |
| WALMART INC | WMT | $23.0K | 224 | flat | 11q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $22.0K | 100 | flat | 9q | HELD | |
| CATERPILLAR INC | CAT | $15.0K | 19 | flat | 3q | HELD | |
| ELI LILLY & CO | LLY | $15.0K | 13 | flat | 4q | HELD | |
| BANK NOVA SCOTIA B C | BNS | $11.0K | 125 | flat | 6q | HELD |
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 |
|---|---|---|
| Computer Hardware | $28.0M | 12.9% |
| Software & IT Services | $25.8M | 11.9% |
| Industrials | $18.2M | 8.4% |
| Capital Markets | $17.8M | 8.3% |
| Autos & Aerospace | $15.9M | 7.4% |
| Biotech & Pharma | $14.6M | 6.8% |
| Semiconductors & Electronics | $13.0M | 6.0% |
| Instruments & Controls | $12.1M | 5.6% |
| Banks & Lending | $10.4M | 4.8% |
| Retail & Consumer | $9.8M | 4.5% |
| Wholesale & Distribution | $6.9M | 3.2% |
| Insurance | $6.9M | 3.2% |
| Other sectors | $36.7M | 17.0% |
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 | -0.3% | +2.1% | -2.4% | 100% |
| Q2 2026 | +13.5% | +14.8% | -1.3% | 100% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2025 | +3.5% | +2.4% | +1.2% | 100% |
| Q3 2025 | +9.7% | +7.8% | +1.9% | 100% |
| Q2 2025 | +5.9% | +10.5% | -4.5% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.8% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.5% | 98% |
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 | $216.2M | 94 | 6 | 4 | 12 | 6 | 44.1% | 15 |
| Q2 2026 | $215.1M | 94 | 7 | 7 | 42 | 5 | 45.1% | 14 |
| Q1 2026 | $191.0M | 92 | 3 | 7 | 40 | 6 | 45.0% | 30 |
| Q4 2025 | $202.4M | 95 | 4 | 10 | 60 | 2 | 46.1% | 26 |
| Q3 2025 | $201.8M | 93 | 6 | 5 | 41 | 2 | 43.6% | 118 |
| Q2 2025 | $185.0M | 89 | 5 | 9 | 44 | 4 | 41.2% | 32 |
| Q1 2025 | $178.7M | 88 | 3 | 13 | 37 | 8 | 40.1% | 35 |
| Q4 2024 | $188.5M | 93 | 2 | 6 | 50 | 10 | 43.1% | 34 |
| Q3 2024 | $198.0M | 101 | 8 | 10 | 19 | 4 | 39.0% | 35 |
| Q2 2024 | $185.9M | 97 | 1 | 15 | 50 | 9 | 39.6% | 33 |
| Q1 2024 | $194.0M | 105 | 8 | 15 | 16 | 6 | 37.4% | 37 |
| Q4 2023 | $184.3M | 103 | 7 | 9 | 25 | 3 | 39.6% | 30 |
| Q3 2023 | $166.2M | 99 | 3 | 11 | 18 | 5 | 39.1% | 34 |
| Q2 2023 | $175.5M | 101 | 3 | 8 | 48 | 3 | 38.9% | 26 |
| Q1 2023 | $174.6M | 101 | 5 | 2 | 58 | 3 | 38.8% | 32 |
| Q4 2022 | $173.8M | 99 | 6 | 9 | 42 | 8 | 37.9% | 34 |
| Q3 2022 | $159.4M | 101 | 7 | 18 | 13 | 3 | 38.6% | 38 |
| Q2 2022 | $170.9M | 97 | 4 | 17 | 18 | 11 | 38.4% | 32 |
| Q1 2022 | $204.9M | 104 | 6 | 13 | 54 | 11 | 37.6% | 26 |
| Q4 2021 | $211.4M | 109 | 6 | 32 | 30 | 0 | 39.2% | 32 |
| Q3 2021 | $194.7M | 103 | 0 | 26 | 29 | 3 | 38.2% | 32 |
| Q2 2021 | $192.4M | 106 | 7 | 23 | 18 | 1 | 37.3% | 33 |
| Q1 2021 | $180.2M | 100 | 6 | 15 | 39 | 5 | 37.7% | 30 |
| Q4 2020 | $162.6M | 99 | 7 | 18 | 30 | 3 | 38.0% | 29 |
| Q3 2020 | $143.9M | 95 | 5 | 21 | 28 | 4 | 37.6% | 30 |
| Q2 2020 | $137.7M | 94 | 10 | 9 | 34 | 13 | 37.7% | 38 |
| Q1 2020 | $118.2M | 97 | 3 | 16 | 43 | 10 | 37.6% | 31 |
| Q4 2019 | $150.9M | 104 | 4 | 30 | 29 | 4 | 37.6% | 21 |
| Q3 2019 | $137.0M | 104 | 7 | 15 | 48 | 2 | 36.7% | 38 |
| Q2 2019 | $139.9M | 99 | 23 | 12 | 31 | 2 | 36.8% | 24 |
| Q1 2019 | $136.0M | 78 | 12 | 17 | 27 | 2 | 39.4% | 30 |
| Q4 2018 | $122.7M | 68 | 0 | 0 | 0 | 0 | 38.6% | 39 |
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.