Talbot Financial, LLC
Reported holdings as of Q3 2026, from 16 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $143.1M | 429,812 | +1.12pp | 16q | HELD | |
| MICROSOFT CORP | MSFT | $137.6M | 268,229 | +2.46pp | 16q | -1.1%-$1.5M | |
| NVIDIA CORPORATION | NVDA | $85.1M | 372,503 | +1.01pp | 16q | +7.2%+$5.7M | |
| ALPHABET INC | GOOG | $74.2M | 217,674 | -0.27pp | 5q | +0.9%+$659.7K | |
| APPLIED MATLS INC | AMAT | $72.9M | 142,577 | -2.25pp | 16q | +1.2%+$899.5K | |
| AMAZON COM INC | AMZN | $72.7M | 291,960 | +0.13pp | 16q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $43.9M | 48,808 | -0.40pp | 16q | +2.0%+$874.2K | |
| ELI LILLY & CO | LLY | $43.1M | 37,225 | -0.18pp | 15q | HELD | |
| JOHNSON & JOHNSON | JNJ | $37.6M | 141,903 | +0.05pp | 16q | HELD | |
| JPMORGAN CHASE & CO | JPM | $37.4M | 112,945 | -0.03pp | 16q | HELD | |
| ABBVIE INC | ABBV | $34.6M | 132,343 | +0.05pp | 16q | HELD | |
| CHEVRON CORPORATION | CVX | $33.3M | 163,013 | +0.41pp | 16q | HELD | |
| BROADCOM INC | AVGO | $29.9M | 85,181 | -0.16pp | 9q | +2.5%+$721.0K | |
| PALO ALTO NETWORKS INC | PANW | $28.9M | 72,787 | +0.23pp | 3q | -1.4%-$407.2K | |
| GE VERNOVA INC | GEV | $26.2M | 27,615 | -0.45pp | 7q | +2.1%+$552.2K | |
| AMGEN INC | AMGN | $26.1M | 61,875 | +0.27pp | 16q | +2.4%+$612.0K | |
| CISCO SYS INC | CSCO | $26.1M | 242,287 | -0.19pp | 16q | +1.2%+$314.9K | |
| VISA INC | V | $24.9M | 69,218 | +0.04pp | 16q | HELD | |
| CHARLES SCHWAB CORP (THE) | SCHW | $24.1M | 246,546 | +0.05pp | 15q | HELD | |
| MERCK & CO INC | MRK | $23.2M | 159,949 | +0.16pp | 16q | HELD | |
| CHUBB LIMITED | CB | $23.1M | 71,026 | -0.10pp | 11q | +0.8%+$192.2K | |
| SALESFORCE INC | CRM | $20.2M | 88,085 | +0.32pp | 16q | -10.6%-$2.4M | |
| STRYKER CORPORATION | SYK | $19.6M | 71,125 | +0.07pp | 16q | +22.7%+$3.6M | |
| THERMO FISHER SCIENTIFIC INC | TMO | $19.0M | 28,181 | +0.33pp | 16q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $17.9M | 19,677 | -0.19pp | 16q | -8.3%-$1.6M | |
| TRAVELERS COMPANIES INC | TRV | $17.0M | 47,792 | +0.06pp | 9q | HELD | |
| META PLATFORMS INC | META | $16.8M | 23,222 | +0.10pp | 6q | -13.4%-$2.6M | |
| EMERSON ELEC CO | EMR | $16.8M | 108,243 | +0.07pp | 16q | HELD | |
| SYNOPSYS INC | SNPS | $16.7M | 38,418 | -0.06pp | 16q | HELD | |
| BLACKROCK INC | BLK | $16.6M | 15,672 | +0.09pp | 6q | +0.6%+$92.1K | |
| NORTHROP GRUMMAN CORP | NOC | $15.1M | 31,326 | -0.12pp | 16q | -2.8%-$437.1K | |
| ROCKWELL AUTOMATION INC | ROK | $15.0M | 34,440 | -0.14pp | 9q | +3.1%+$452.3K | |
| PHILIP MORRIS INTL INC | PM | $13.6M | 71,389 | +0.03pp | 4q | HELD | |
| PROCTER & GAMBLE CO | PG | $13.2M | 90,672 | -0.18pp | 16q | -12.9%-$1.9M | |
| HOME DEPOT INC | HD | $12.9M | 45,519 | -0.42pp | 16q | -12.8%-$1.9M | |
| SERVICENOW INC | NOW | $12.9M | 96,164 | +0.08pp | 16q | -16.6%-$2.6M | |
| NETFLIX INC. | NFLX | $12.4M | 178,884 | -0.11pp | 16q | -6.1%-$810.5K | |
| HONEYWELL AEROSPACE INC | HONA | $12.2M | 78,974 | +0.09pp | 2q | +62.5%+$4.7M | |
| BOEING CO | BA | $10.1M | 54,533 | +0.71pp | 2q | +5580.5%+$10.0M | |
| WELLS FARGO & CO | WFC | $10.1M | 125,980 | -0.03pp | 5q | +1.3%+$126.7K | |
| HONEYWELL INTL INC | HONZZZZ | $10.1M | 47,790 | -0.08pp | 16q | -1.9%-$190.1K | |
| AT&T INC | T | $10.0M | 409,903 | +0.01pp | 9q | -12.1%-$1.4M | |
| UBER TECHNOLOGIES INC | UBER | $8.9M | 129,617 | -0.06pp | 11q | -2.1%-$193.0K | |
| ALPHABET INC | GOOGL | $5.0M | 14,492 | -0.02pp | 16q | HELD | |
| F5 INC | FFIV | $4.1M | 9,292 | +0.01pp | 7q | HELD | |
| WAFD INC | WAFD | $2.4M | 80,896 | -0.05pp | 16q | HELD | |
| EXXON MOBIL CORP | XOM | $2.2M | 13,283 | +0.02pp | 16q | +2.2%+$46.1K | |
| GALLAGHER ARTHUR J CO | AJG | $1.6M | 6,890 | -0.59pp | 16q | -83.4%-$7.9M | |
| INTUIT | INTU | $1.2M | 4,524 | flat | 16q | -1.4%-$17.1K | |
| SHERWIN WILLIAMS CO | SHW | $1.0M | 3,176 | -0.01pp | 9q | HELD | |
| MASTERCARD INCORPORATED | MA | $757.2K | 1,373 | flat | 16q | -1.6%-$12.7K | |
| MCDONALDS CORP | MCD | $714.1K | 3,092 | -0.68pp | 16q | -91.6%-$7.8M | |
| WORKIVA INC | WK | $699.0K | 10,500 | +0.01pp | 16q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $613.0K | 1,231 | -0.01pp | 16q | -12.1%-$84.7K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $549.8K | 2,500 | -0.01pp | 11q | +8.7%+$44.0K | |
| UNION PAC CORP | UNP | $353.8K | 1,300 | flat | 16q | HELD | |
| CADENCE DESIGN SYSTEM INC | CDNS | $330.2K | 1,000 | flat | 8q | HELD | |
| EXPEDITORS INTL WASH INC | EXPD | $323.1K | 1,750 | flat | 5q | HELD | |
| WALMART INC | WMT | $300.8K | 2,895 | flat | 9q | +5.5%+$15.6K | |
| MCKESSON CORP | MCK | $299.7K | 351 | flat | 8q | HELD | |
| MARATHON PETE CORP | MPC | $278.4K | 704 | - | new | NEW | |
| ABBOTT LABORATORIES | ABT | $277.1K | 2,804 | flat | 5q | HELD | |
| CATERPILLAR INC | CAT | $275.1K | 339 | -0.02pp | 2q | -26.1%-$97.4K | |
| AMERICAN EXPRESS CO | AXP | $273.7K | 900 | flat | 11q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $232.3K | 900 | flat | 2q | HELD | |
| CORNING INC | GLW | $230.6K | 1,500 | -0.01pp | 2q | HELD | |
| PEPSICO INC | PEP | $206.6K | 1,630 | flat | 16q | 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 |
|---|---|---|
| Software & IT Services | $285.9M | 20.6% |
| Semiconductors & Electronics | $230.9M | 16.6% |
| Computer Hardware | $202.8M | 14.6% |
| Biotech & Pharma | $164.9M | 11.9% |
| Retail & Consumer | $105.6M | 7.6% |
| Capital Markets | $84.6M | 6.1% |
| Banks & Lending | $50.1M | 3.6% |
| Insurance | $42.3M | 3.0% |
| Autos & Aerospace | $37.5M | 2.7% |
| Energy | $35.7M | 2.6% |
| Business Services | $34.5M | 2.5% |
| Instruments & Controls | $34.0M | 2.4% |
| Other sectors | $70.5M | 5.1% |
| Not classified | $10.1M | 0.7% |
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 | +3.9% | +2.1% | +1.8% | 100% |
| Q2 2026 | +12.5% | +14.8% | -2.3% | 100% |
| Q1 2026 | -5.0% | -4.6% | -0.3% | 100% |
| Q4 2025 | +3.4% | +2.4% | +1.0% | 100% |
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +10.4% | +10.5% | -0.1% | 100% |
| Q1 2025 | -4.3% | -4.6% | +0.2% | 100% |
| Q4 2024 | +2.8% | +2.1% | +0.7% | 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 | $1.4B | 67 | 1 | 18 | 19 | 5 | 53.8% | 19 |
| Q2 2026 | $1.4B | 71 | 6 | 42 | 3 | 1 | 52.1% | 14 |
| Q1 2026 | $1.2B | 66 | 2 | 41 | 6 | 4 | 48.4% | 13 |
| Q4 2025 | $1.2B | 68 | 3 | 22 | 16 | 2 | 49.9% | 21 |
| Q3 2025 | $1.2B | 67 | 7 | 42 | 4 | 3 | 47.6% | 8 |
| Q2 2025 | $1.1B | 63 | 3 | 46 | 0 | 2 | 46.4% | 22 |
| Q1 2025 | $798.3M | 62 | 4 | 11 | 30 | 7 | 45.3% | 9 |
| Q4 2024 | $840.8M | 65 | 6 | 27 | 17 | 2 | 48.1% | 13 |
| Q3 2024 | $821.4M | 61 | 8 | 37 | 5 | 5 | 47.5% | 8 |
| Q2 2024 | $774.8M | 58 | 2 | 23 | 15 | 4 | 51.1% | 11 |
| Q1 2024 | $747.4M | 60 | 6 | 40 | 4 | 2 | 47.6% | 18 |
| Q4 2023 | $664.6M | 56 | 2 | 44 | 1 | 2 | 49.6% | 11 |
| Q3 2023 | $573.6M | 56 | 2 | 31 | 5 | 3 | 48.6% | 24 |
| Q2 2023 | $588.0M | 57 | 1 | 30 | 11 | 3 | 49.9% | 28 |
| Q1 2023 | $538.0M | 59 | 5 | 37 | 8 | 1 | 47.3% | 38 |
| Q4 2022 | $486.1M | 55 | 0 | 0 | 0 | 0 | 45.8% | 47 |
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.