CIK: 0001597089
Total reported value
$185.8M
Reporting period: 2026-03-31 · Number of holdings: 95
Loudon Investment Management, LLC disclosed 95 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $185.8M and a quarterly turnover rate of 16.8%.
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Loudon Investment Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.023 — mathematically equivalent to about 44 equally-sized positions, well below its 95 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.08), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
+1.0% -$3.0M
Add TMUS
+50.3% $1.7M
Add EPD
0.0% $1.3M
Trim QCOM
-2.9% -$1.5M
Trim ACN
-21.1% -$1.3M
Trim G
0.0% -$1.4M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 5.48% | -1.40% | +0.97% | |
| 2 | XLK | Ss Technology Select Sector | ETF-Tech | 4.47% | -0.57% | -6.88% | |
| 3 | EPD | Enterprise Products Partners | Stock-Energy | 4.44% | +0.79% | — | |
| 4 | FAST | Fastenal Co | Stock-Industrials | 3.94% | +0.61% | -0.44% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.25% | -0.10% | -1.28% | |
| 6 | CSCO | Cisco Systems INC | Stock-Tech | 3.00% | — | -0.33% | |
| 7 | TFC | Truist Financial CORP | Stock-Financials | 2.95% | -0.16% | -1.41% | |
| 8 | G | Genpact Limited | Stock-Tech | 2.91% | -0.64% | — | |
| 9 | CAT | Caterpillar INC | Stock-Industrials | 2.84% | +0.61% | -0.20% | |
| 10 | O | Realty Income CORP | Stock-Real Estate | 2.76% | +0.31% | +0.96% | |
| 11 | LOW | Lowe's Cos INC | Stock-Consumer Disc | 2.72% | +0.02% | -0.33% | |
| 12 | LNC | Lincoln National CORP | Stock-Financials | 2.59% | -0.56% | — | |
| 13 | TMUS | T-mobile US INC | Stock-Comm Services | 2.57% | +0.96% | +50.33% | |
| 14 | ABBV | Abbvie INC | Stock-Healthcare | 2.37% | -0.10% | -2.29% | |
| 15 | AAPL | Apple INC | Stock-Tech | 2.26% | -0.15% | -2.65% | |
| 16 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.24% | — | -11.92% | |
| 17 | NEE | Nextera Energy INC | Stock-Utilities | 2.21% | +0.36% | — | |
| 18 | QCOM | Qualcomm INC | Stock-Tech | 2.18% | -0.72% | -2.90% | |
| 19 | CMI | Cummins INC | Stock-Industrials | 2.08% | +0.17% | — | |
| 20 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.07% | -0.23% | -4.39% | |
| 21 | ITW | Illinois Tool Works | Stock-Industrials | 1.92% | +0.17% | +0.85% | |
| 22 | USB | US Bancorp | Stock-Financials | 1.65% | — | — | |
| 23 | DLR | Digital Realty Trust INC | Stock-Real Estate | 1.48% | +0.24% | — | |
| 24 | AMT | American Tower CORP | Stock-Real Estate | 1.42% | — | +3.34% | |
| 25 | EMR | Emerson Electric Co | Stock-Industrials | 1.42% | — | — | |
| 26 | DPZ | Domino's Pizza INC | Stock-Consumer Disc | 1.37% | -0.35% | -10.24% | |
| 27 | ABT | Abbott Laboratories | Stock-Healthcare | 1.35% | -0.25% | +0.31% | |
| 28 | DE | Deere & Co | Stock-Industrials | 1.22% | +0.24% | — | |
| 29 | AMP | Ameriprise Financial INC | Stock-Financials | 1.11% | -0.08% | — | |
| 30 | ADP | Automatic Data Processing | Stock-Tech | 1.04% | +0.19% | +50.37% | |
| 31 | ACN | Accenture plc | Stock-Tech | 1.01% | -0.67% | -21.15% | |
| 32 | AMGN | Amgen INC | Stock-Healthcare | 0.96% | — | -3.33% | |
| 33 | PNR | Pentair plc | Stock-Industrials | 0.95% | -0.16% | — | |
| 34 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.88% | -0.45% | -10.86% | |
| 35 | ENB | Enbridge INC | Stock-Energy | 0.87% | +0.12% | — | |
| 36 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.83% | +0.13% | — | |
| 37 | PLD | Prologis INC | Stock-Real Estate | 0.81% | — | — | |
| 38 | FLOT | Ishares Floating Rate Bond E | ETF-Other | 0.77% | — | +3.04% | |
| 39 | GBCI | Glacier Bancorp INC | Stock-Financials | 0.76% | — | — | |
| 40 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.75% | +0.13% | — | |
| 41 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.74% | +0.16% | — | |
| 42 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.62% | +0.09% | +14.04% | |
| 43 | SWK | Stanley Black & Decker INC | Stock-Industrials | 0.59% | — | -2.22% | |
| 44 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.59% | — | — | |
| 45 | UGI | Ugi CORP | Stock-Utilities | 0.57% | -0.13% | -17.70% | |
| 46 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.56% | — | -0.43% | |
| 47 | VLO | Valero Energy CORP | Stock-Energy | 0.56% | +0.20% | — | |
| 48 | GD | General Dynamics CORP | Stock-Industrials | 0.54% | — | — | |
| 49 | AFL | Aflac INC | Stock-Financials | 0.52% | — | -5.12% | |
| 50 | PEP | Pepsico INC | Stock-Consumer Staples | 0.52% | — | — |
Performance for Q3 2026
+4.4%
Performance Last 4 Quarters
+17.2%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 95 | $185.8M | 17 | |
| 2025-12-31 | 93 | $191.4M | 16 | |
| 2025-09-30 | 94 | $190.9M | 35 | |
| 2025-06-30 | 99 | $180.8M | 0 | |
| 2025-03-31 | 96 | $175.1M | 100 | |
| 2024-12-31 | 96 | $175.9M | 0 | |
| 2024-09-30 | 97 | $182.5M | 0 | |
| 2024-06-30 | 98 | $170.0M | 0 | |
| 2024-03-31 | 96 | $174.1M | 0 | |
| 2023-12-31 | 94 | $161.7M | 0 | |
| 2023-09-30 | 94 | $145.4M | 0 | |
| 2023-06-30 | 91 | $151.7M | 0 | |
| 2023-03-31 | 92 | $144.4M | 0 | |
| 2022-12-31 | 90 | $138.6M | 0 | |
| 2022-09-30 | 88 | $125.7M | 0 | |
| 2022-06-30 | 85 | $133.4M | 0 | |
| 2022-03-31 | 89 | $151.8M | 0 | |
| 2021-12-31 | 88 | $156.7M | 0 | |
| 2021-09-30 | 85 | $140.6M | 0 | |
| 2021-06-30 | 85 | $146.7M | 100 | |
| 2021-03-31 | 79 | $139.4M | 15 | |
| 2020-12-31 | 75 | $127.9M | 15 | |
| 2020-09-30 | 74 | $118.2M | 18 | |
| 2020-06-30 | 78 | $115.9M | 27 | |
| 2020-03-31 | 77 | $95.6M | 36 | |
| 2019-12-31 | 85 | $128.4M | 15 | |
| 2019-09-30 | 81 | $118.8M | 8 | |
| 2019-06-30 | 80 | $117.9M | 19 | |
| 2019-03-31 | 80 | $114.0M | 17 | |
| 2018-12-31 | 83 | $105.3M | 26 | |
| 2018-09-30 | 87 | $124.4M | 20 | |
| 2018-06-30 | 86 | $124.8M | 19 | |
| 2018-03-31 | 85 | $125.8M | 13 | |
| 2017-12-31 | 87 | $132.2M | 11 | |
| 2017-09-30 | 85 | $127.8M | 22 | |
| 2017-06-30 | 87 | $131.7M | 13 | |
| 2017-03-31 | 89 | $131.5M | 18 | |
| 2016-12-31 | 87 | $128.1M | 15 | |
| 2016-09-30 | 86 | $128.7M | 16 | |
| 2016-06-30 | 80 | $125.4M | 20 | |
| 2016-03-31 | 71 | $124.2M | 14 | |
| 2015-12-31 | 74 | $124.3M | 15 | |
| 2015-09-30 | 73 | $116.4M | 21 | |
| 2015-06-30 | 78 | $132.0M | 24 | |
| 2015-03-31 | 78 | $132.0M | 16 | |
| 2014-12-31 | 77 | $133.7M | 20 | |
| 2014-09-30 | 80 | $140.3M | 19 | |
| 2014-06-30 | 80 | $145.5M | 14 | |
| 2014-03-31 | 82 | $138.5M | 17 | |
| 2013-12-31 | 80 | $136.3M | — |
Loudon Investment Management, LLC's most significant position changes for 2026-03-31: Sold out: Ss Health Care Select Sector (XLV); New buy: Ss Materials Select Sector (XLB); New buy: Ss Consumer Staples Sel Sect (XLP); New buy: Marsh & Mclennan Cos (MRSH); Sold out: Ss Financial Select Sector (XLF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TMUS | T-mobile US INC | +1% | +50.33% | Add |
| 2 | EPD | Enterprise Products Partners | +0.8% | — | Unchanged |
| 3 | CAT | Caterpillar INC | +0.6% | -0.20% | Trim |
| 4 | FAST | Fastenal Co | +0.6% | -0.44% | Trim |
| 5 | NEE | Nextera Energy INC | +0.4% | — | Unchanged |
| 6 | O | Realty Income CORP | +0.3% | +0.96% | Add |
| 7 | DE | Deere & Co | +0.2% | — | Unchanged |
| 8 | DLR | Digital Realty Trust INC | +0.2% | — | Unchanged |
| 9 | VLO | Valero Energy CORP | +0.2% | — | Unchanged |
| 10 | ADP | Automatic Data Processing | +0.2% | +50.37% | Add |
| 11 | ITW | Illinois Tool Works | +0.2% | +0.85% | Add |
| 12 | CMI | Cummins INC | +0.2% | — | Unchanged |
| 13 | LMT | Lockheed Martin CORP | +0.2% | — | Unchanged |
| 14 | XOM | Exxon Mobil CORP | +0.1% | +0.70% | Add |
| 15 | JNJ | Johnson & Johnson | +0.1% | — | Unchanged |
| 16 | MRK | Merck & Co. INC. | +0.1% | — | Unchanged |
| 17 | XLE | Ss Energy Select Sector | +0.1% | -5.23% | Trim |
| 18 | ENB | Enbridge INC | +0.1% | — | Unchanged |
| 19 | VCSH | Vanguard S/t CORP Bond ETF | +0.1% | +14.04% | Add |
| 20 | RSP | Invesco S&p 500 Equal Weight | +0.1% | +17.64% | Add |
| 21 | LOW | Lowe's Cos INC | 0% | -0.33% | Trim |
| 22 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -0.1% | -19.83% | Trim |
| 23 | AMP | Ameriprise Financial INC | -0.1% | — | Unchanged |
| 24 | PAYX | Paychex INC | -0.1% | +3.45% | Add |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -1.28% | Trim |
| 26 | ABBV | Abbvie INC | -0.1% | -2.29% | Trim |
| 27 | TU | Telus CORP | -0.1% | -39.37% | Trim |
| 28 | UGI | Ugi CORP | -0.1% | -17.70% | Trim |
| 29 | AAPL | Apple INC | -0.2% | -2.65% | Trim |
| 30 | TFC | Truist Financial CORP | -0.2% | -1.41% | Trim |
| 31 | PNR | Pentair plc | -0.2% | — | Unchanged |
| 32 | JPM | Jpmorgan Chase & Co | -0.2% | -4.39% | Trim |
| 33 | IBM | Intl Business Machines CORP | -0.2% | -49.49% | Trim |
| 34 | ABT | Abbott Laboratories | -0.3% | +0.31% | Add |
| 35 | DPZ | Domino's Pizza INC | -0.4% | -10.24% | Trim |
| 36 | NVO | Novo-nordisk A/s-spons Adr | -0.5% | -10.86% | Trim |
| 37 | LNC | Lincoln National CORP | -0.6% | — | Unchanged |
| 38 | XLK | Ss Technology Select Sector | -0.6% | -6.88% | Trim |
| 39 | G | Genpact Limited | -0.6% | — | Unchanged |
| 40 | ACN | Accenture plc | -0.7% | -21.15% | Trim |
| 41 | QCOM | Qualcomm INC | -0.7% | -2.90% | Trim |
| 42 | MSFT | Microsoft CORP | -1.4% | +0.97% | Add |
| 43 | XLV | Ss Health Care Select Sector | — | EXIT | Sold out |
| 44 | XLB | Ss Materials Select Sector | — | NEW | New buy |
| 45 | XLP | Ss Consumer Staples Sel Sect | — | NEW | New buy |
| 46 | MRSH | Marsh & Mclennan Cos | — | NEW | New buy |
| 47 | XLF | Ss Financial Select Sector | — | EXIT | Sold out |
| 48 | PSX | Phillips 66 | — | NEW | New buy |
| 49 | APD | Air Products & Chemicals INC | — | EXIT | Sold out |
| 50 | CVX | Chevron CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-18 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-06 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-11 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-04 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-06 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-07 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-02-06 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-08 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-09 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-02 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-02 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-08 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-09 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-27 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-31 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-01 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-02 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-10 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-09 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-05 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-27 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-18 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-05 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-13 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-07 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-05-06 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-07 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-07 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-08 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-02 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-04 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-03 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-08 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-04 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-26 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-04 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-03 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-03 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-16 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-10 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-05 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-29 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-24 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-06 | 13F-HR | View on EDGAR |
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