ORSER CAPITAL MANAGEMENT, LLC
Reported holdings as of Q3 2026, from 36 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $18.0M | 78,801 | +2.42pp | 36q | HELD | |
| APPLE INC | AAPL | $11.0M | 33,117 | +1.53pp | 36q | HELD | |
| ISHARES TR | IQLT | $10.6M | 47,903 | +0.80pp | 26q | -0.9%-$91.8K | |
| ALPHABET INC | GOOGL | $10.2M | 29,552 | +0.54pp | 36q | HELD | |
| CARPENTER TECHNOLOGY CORP | CRS | $9.1M | 23,398 | -2.18pp | 15q | -2.7%-$256.6K | |
| VANGUARD INDEX FDS | VOO | $7.8M | 11,069 | +0.62pp | 14q | -0.7%-$57.5K | |
| VANGUARD WORLD FD | VGT | $7.6M | 60,561 | +0.73pp | 6q | HELD | |
| MICROSOFT CORP | MSFT | $6.5M | 12,587 | +1.35pp | 35q | HELD | |
| VANGUARD INDEX FDS | VTV | $6.4M | 29,584 | +0.42pp | 23q | -0.7%-$47.5K | |
| AMAZON COM INC | AMZN | $6.0M | 24,231 | +0.59pp | 36q | +0.7%+$44.8K | |
| VANGUARD WORLD FD | VSGX | $5.0M | 61,910 | +0.33pp | 6q | HELD | |
| MASTERCARD INCORPORATED | MA | $4.4M | 7,967 | +0.48pp | 36q | HELD | |
| ISHARES TR | IWF | $4.3M | 34,676 | +0.32pp | 25q | -0.9%-$40.7K | |
| VANGUARD INDEX FDS | VUG | $4.2M | 46,981 | +0.39pp | 36q | -0.7%-$30.1K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.9M | 7,900 | +0.26pp | 27q | -0.9%-$34.9K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $3.8M | 16,215 | +0.22pp | 6q | -1.5%-$56.0K | |
| SCHWAB STRATEGIC TR | SCHK | $3.1M | 83,652 | +0.25pp | 5q | HELD | |
| ASML HLDG NV | ASML | $2.8M | 1,554 | +0.07pp | 2q | HELD | |
| CASEYS GEN STORES INC | CASY | $2.4M | 3,975 | -0.21pp | 36q | -1.2%-$29.2K | |
| WALMART INC | WMT | $2.4M | 23,128 | +0.07pp | 16q | HELD | |
| VIKING HOLDINGS LTD | VIK | $2.3M | 29,266 | -0.21pp | 2q | HELD | |
| EDWARDS LIFESCIENCES CORP | EW | $2.3M | 26,259 | +0.14pp | 2q | +2.3%+$50.4K | |
| HOME DEPOT INC | HD | $2.2M | 7,604 | -0.10pp | 36q | HELD | |
| UNION PAC CORP | UNP | $2.1M | 7,807 | +0.26pp | 36q | +11.3%+$215.5K | |
| WILLIAMS COS INC | WMB | $2.1M | 30,397 | +0.08pp | 2q | +2.4%+$48.6K | |
| VANGUARD INDEX FDS | VV | $2.0M | 5,818 | +0.17pp | 36q | HELD | |
| WASTE MGMT INC DEL | WM | $2.0M | 10,011 | +0.03pp | 28q | -2.6%-$55.3K | |
| RELIANCE INC | RS | $2.0M | 5,285 | +0.18pp | 15q | HELD | |
| ELBIT SYS LTD | ESLT | $2.0M | 2,946 | +0.05pp | 2q | +1.5%+$29.3K | |
| ANALOG DEVICES INC | ADI | $1.8M | 4,587 | +0.16pp | 4q | +3.0%+$53.6K | |
| CISCO SYS INC | CSCO | $1.8M | 16,343 | +0.21pp | 2q | +20.4%+$298.5K | |
| META PLATFORMS INC | META | $1.7M | 2,405 | +0.32pp | 2q | HELD | |
| RANGE RES CORP | RRC | $1.7M | 46,497 | +0.12pp | 16q | HELD | |
| JOHNSON & JOHNSON | JNJ | $1.7M | 6,312 | +0.23pp | 4q | +10.5%+$158.8K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.6M | 1,812 | +0.21pp | 2q | +14.9%+$213.9K | |
| CATERPILLAR INC | CAT | $1.6M | 1,951 | -0.01pp | 5q | +12.8%+$180.0K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.5M | 3,280 | +0.11pp | 2q | +4.4%+$62.5K | |
| BROADCOM INC | AVGO | $1.4M | 3,924 | +0.11pp | 5q | +8.2%+$104.3K | |
| GE AEROSPACE | GE | $1.2M | 3,824 | -0.03pp | 7q | -0.5%-$6.2K | |
| AGILENT TECHNOLOGIES INC | A | $1.1M | 6,635 | - | new | NEW | |
| ECOLAB INC | ECL | $1.1M | 4,051 | +0.16pp | 2q | +19.1%+$178.8K | |
| DANAHER CORP DEL | DHR | $1.1M | 4,834 | +0.15pp | 36q | HELD | |
| GE VERNOVA INC | GEV | $902.0K | 949 | - | new | NEW | |
| INVESCO QQQ TR | QQQ | $861.8K | 1,165 | +0.07pp | 2q | HELD | |
| COCA COLA CO | KO | $721.6K | 8,383 | +0.07pp | 25q | HELD | |
| WATERS CORP | WAT | $683.3K | 1,555 | - | new | NEW | |
| ORACLE CORP | ORCL | $624.3K | 4,547 | flat | 36q | -7.8%-$52.6K | |
| SELECT SECTOR SPDR TR | XLI | $596.1K | 3,570 | flat | 14q | -2.7%-$16.7K | |
| SELECT SECTOR SPDR TR | XLP | $470.2K | 4,320 | +0.02pp | 15q | HELD | |
| VISA INC | V | $453.5K | 1,262 | +0.04pp | 16q | HELD | |
| TEXAS INSTRS INC | TXN | $428.5K | 1,530 | +0.02pp | 29q | HELD | |
| VANGUARD WORLD FD | MGC | $381.3K | 4,115 | +0.04pp | 2q | HELD | |
| SPDR SERIES TRUST | XHS | $336.8K | 2,000 | +0.03pp | 26q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $280.8K | 1,350 | +0.02pp | 2q | HELD | |
| HONEYWELL AEROSPACE INC | HONA | $227.8K | 1,470 | -0.09pp | 2q | -26.2%-$80.7K | |
| PEPSICO INC | PEP | $216.7K | 1,710 | +0.01pp | 36q | HELD | |
| HUNT J B TRANS SVCS INC | JBHT | $208.4K | 930 | -0.01pp | 2q | HELD | |
| SHERWIN WILLIAMS CO | SHW | $203.7K | 630 | +0.01pp | 2q | 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 |
|---|---|---|
| Semiconductors & Electronics | $25.2M | 14.4% |
| Software & IT Services | $19.0M | 10.8% |
| Retail & Consumer | $14.9M | 8.5% |
| Computer Hardware | $12.8M | 7.3% |
| Mining & Metals | $9.1M | 5.2% |
| Business Services | $4.8M | 2.8% |
| Transport & Logistics | $4.6M | 2.6% |
| Industrials | $4.4M | 2.5% |
| Insurance | $3.9M | 2.2% |
| Energy | $3.8M | 2.2% |
| Biotech & Pharma | $3.5M | 2.0% |
| Other sectors | $11.7M | 6.7% |
| Not classified | $57.8M | 32.9% |
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 | -2.6% | +2.1% | -4.7% | 96% |
| Q2 2026 | +13.9% | +14.8% | -0.9% | 95% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 96% |
| Q4 2025 | +2.1% | +2.4% | -0.2% | 96% |
| Q3 2025 | +7.5% | +7.8% | -0.3% | 97% |
| Q2 2025 | +12.7% | +10.5% | +2.2% | 94% |
| Q1 2025 | -6.6% | -4.6% | -2.0% | 93% |
| Q4 2024 | +3.3% | +2.1% | +1.1% | 94% |
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 | $175.6M | 58 | 3 | 13 | 14 | 10 | 53.1% | 13 |
| Q2 2026 | $201.5M | 65 | 23 | 11 | 15 | 4 | 51.9% | 7 |
| Q1 2026 | $152.9M | 46 | 0 | 24 | 13 | 9 | 58.5% | 16 |
| Q4 2025 | $177.0M | 55 | 6 | 18 | 10 | 22 | 55.3% | 12 |
| Q3 2025 | $190.1M | 71 | 28 | 5 | 26 | 3 | 47.6% | 7 |
| Q2 2025 | $140.4M | 46 | 9 | 4 | 25 | 12 | 53.1% | 9 |
| Q1 2025 | $136.2M | 49 | 12 | 6 | 16 | 2 | 57.7% | 10 |
| Q4 2024 | $145.3M | 39 | 0 | 3 | 18 | 1 | 65.2% | 14 |
| Q3 2024 | $139.9M | 40 | 0 | 6 | 12 | 1 | 62.3% | 4 |
| Q2 2024 | $133.0M | 41 | 0 | 6 | 11 | 1 | 62.8% | 12 |
| Q1 2024 | $106.6M | 42 | 0 | 16 | 15 | 0 | 55.3% | 11 |
| Q4 2023 | $91.7M | 42 | 0 | 3 | 30 | 10 | 57.1% | 9 |
| Q3 2023 | $101.1M | 52 | 3 | 8 | 8 | 3 | 48.8% | 10 |
| Q2 2023 | $100.2M | 52 | 3 | 15 | 10 | 2 | 49.8% | 11 |
| Q1 2023 | $88.7M | 51 | 7 | 22 | 4 | 3 | 49.9% | 11 |
| Q4 2022 | $69.3M | 47 | 7 | 5 | 12 | 0 | 51.7% | 13 |
| Q3 2022 | $56.3M | 40 | 0 | 1 | 27 | 8 | 59.1% | 11 |
| Q2 2022 | $77.0M | 48 | 1 | 3 | 29 | 37 | 48.9% | 11 |
| Q1 2022 | $163.7M | 84 | 12 | 20 | 36 | 21 | 34.8% | 11 |
| Q4 2021 | $198.1M | 93 | 14 | 32 | 29 | 8 | 31.7% | 19 |
| Q3 2021 | $181.3M | 87 | 5 | 38 | 18 | 14 | 32.5% | 32 |
| Q2 2021 | $194.4M | 96 | 16 | 30 | 16 | 3 | 28.9% | 26 |
| Q1 2021 | $153.8M | 83 | 12 | 23 | 32 | 18 | 31.1% | 40 |
| Q4 2020 | $157.8M | 89 | 23 | 37 | 10 | 3 | 33.3% | 33 |
| Q3 2020 | $126.5M | 69 | 14 | 20 | 23 | 4 | 40.3% | 43 |
| Q2 2020 | $110.4M | 59 | 11 | 12 | 24 | 7 | 46.5% | 29 |
| Q1 2020 | $71.0M | 55 | 5 | 9 | 29 | 32 | 47.2% | 38 |
| Q4 2019 | $103.1M | 82 | 16 | 35 | 12 | 3 | 37.1% | 65 |
| Q3 2019 | $85.3M | 69 | 11 | 23 | 9 | 9 | 40.1% | 43 |
| Q2 2019 | $96.9M | 67 | 4 | 6 | 36 | 4 | 40.0% | 82 |
| Q1 2019 | $90.9M | 67 | 8 | 21 | 32 | 12 | 39.9% | 228 |
| Q4 2018 | $86.8M | 71 | 2 | 0 | 0 | 14 | 32.5% | 318 |
| Q3 2018 | $104.4M | 83 | 7 | 16 | 39 | 14 | 32.4% | 416 |
| Q2 2018 | $115.0M | 90 | 13 | 18 | 38 | 16 | 28.8% | 502 |
| Q1 2018 | $107.9M | 93 | 19 | 30 | 33 | 26 | 28.7% | 593 |
| Q4 2017 | $112.4M | 100 | 0 | 0 | 0 | 0 | 21.5% | 688 |
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.