AH
Armstrong Henry H Associates Inc Investment Portfolio (Q3 2026) — 13F Stock Holdings
Armstrong Henry H Associates IncCIK: 0001056827
Momentum followerSector-focusedLong-term holder
Total reported value
$1.1B
Reporting period: 2026-09-30 · Number of holdings: 61
ARMSTRONG HENRY H ASSOCIATES INC disclosed 61 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.1B and a quarterly turnover rate of 10.5%.
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Personality snowflake
- Concentration
- 61.6
- Portfolio Stability
- 10.48
- Momentum
- 100
- Sector conviction
- 90.8
- Diversification
- 100
- Sizing Uniformity
- 70.79
Armstrong Henry H Associates Inc's disclosed holdings carry a Herfindahl concentration index of 0.154 — mathematically equivalent to about 6 equally-sized positions, well below its 61 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.92), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 65% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MSFT
-0.5% $85.5M
Trim BRK-A
-0.7% -$2.0M
Trim BRK-B
-0.7% -$2.2M
Trim PG
-1.1% -$1.0M
Trim MCO
+1.3% $1.0M
Trim GOOG
+0.0% -$1.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | Stock-Tech | 28.41% | +5.93% | -0.48% | |
| 2 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 17.90% | -1.68% | -0.74% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 16.59% | -1.59% | -0.70% | |
| 4 | JNJ | Johnson & Johnson | Stock-Healthcare | 7.64% | -0.30% | -0.07% | |
| 5 | MCO | Moody's CORP | Stock-Financials | 5.94% | -0.39% | +1.33% | |
| 6 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 4.50% | -0.47% | -1.07% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.83% | -0.34% | +0.04% | |
| 8 | UNP | Union Pacific CORP | Stock-Industrials | 1.69% | -0.12% | +1.30% | |
| 9 | AAPL | Apple Inc | Stock-Tech | 1.67% | +0.08% | -0.79% | |
| 10 | ASML | ASML Holding N.V. | Stock-Tech | 1.54% | -0.07% | +13.90% | |
| 11 | APD | Air Products & Chemicals Inc | Stock-Materials | 1.44% | -0.14% | +3.62% | |
| 12 | FAST | Fastenal Co | Stock-Industrials | 1.28% | +0.02% | +6.94% | |
| 13 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.95% | -0.06% | -3.72% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.75% | -0.09% | -0.21% | |
| 15 | MDT | Medtronic plc | Stock-Healthcare | 0.67% | -0.04% | -8.31% | |
| 16 | MA | Mastercard Inc - A | Stock-Financials | 0.62% | — | +1.65% | |
| 17 | ABBV | Abbvie Inc | Stock-Healthcare | 0.40% | -0.03% | -3.38% | |
| 18 | RBA | Rb Global Inc | Stock-Industrials | 0.39% | -0.07% | +30.11% | |
| 19 | GE | General Electric | Stock-Industrials | 0.34% | -0.10% | — | |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.32% | -0.02% | +0.02% | |
| 21 | NVDA | Nvidia CORP | Stock-Tech | 0.31% | +0.01% | — | |
| 22 | ADP | Automatic Data Processing | Stock-Tech | 0.31% | +0.01% | -4.26% | |
| 23 | HD | Home Depot Inc | Stock-Consumer Disc | 0.27% | -0.10% | -0.74% | |
| 24 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.26% | -0.01% | — | |
| 25 | GEV | GE Vernova Inc | Stock-Industrials | 0.22% | -0.08% | — | |
| 26 | J | Jacobs Solutions Inc | Stock-Industrials | 0.21% | — | — | |
| 27 | V | Visa Inc-class A Shares | Stock-Financials | 0.20% | -0.01% | — | |
| 28 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.17% | -0.04% | -4.94% | |
| 29 | MU | Micron Technology Inc | Stock-Tech | 0.17% | -0.03% | — | |
| 30 | MMM | 3m Co | Stock-Industrials | 0.17% | -0.01% | — | |
| 31 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.15% | -0.01% | +0.18% | |
| 32 | ABT | Abbott Laboratories | Stock-Healthcare | 0.15% | -0.01% | -8.43% | |
| 33 | DCI | Donaldson Co Inc | Stock-Industrials | 0.15% | +0.01% | +18.36% | |
| 34 | WAT | Waters CORP | Stock-Healthcare | 0.13% | — | -8.24% | |
| 35 | ✓ | Stock-Other | 0.10% | +0.10% | NEW | ||
| 36 | CDNA | Caredx Inc | Stock-Other | 0.09% | +0.05% | — | |
| 37 | ADSK | Autodesk Inc | Stock-Tech | 0.09% | — | +4.27% | |
| 38 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.09% | -0.02% | -3.91% | |
| 39 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.09% | -0.01% | — | |
| 40 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.08% | — | -0.44% | |
| 41 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.06% | -0.01% | — | |
| 42 | GLW | Corning Inc | Stock-Tech | 0.06% | -0.05% | — | |
| 43 | WMT | Walmart Inc | Stock-Consumer Staples | 0.06% | -0.01% | -2.73% | |
| 44 | EMR | Emerson Electric Co | Stock-Industrials | 0.05% | — | — | |
| 45 | AMD | Advanced Micro Devices | Stock-Tech | 0.05% | — | — | |
| 46 | VB | Vanguard Small-cap ETF | ETF-Other | 0.04% | -0.01% | — | |
| 47 | IBM | Intl Business Machines CORP | Stock-Tech | 0.04% | -0.02% | — | |
| 48 | PFE | Pfizer Inc | Stock-Healthcare | 0.04% | — | -0.65% | |
| 49 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.04% | — | — | |
| 50 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.03% | -0.01% | — |
1–50 of 61
Portfolio Performance
Performance for Q4 2026
+5.7%
Performance Last 4 Quarters
+9.3%
Based on 62% of reported portfolio value with available pricing
- Stdev
- +14.7%
- Beta
- +0.96
- Alpha
- -5.8%
- Max Drawdown
- -11.4%
- Annualized Perf
- +16.4%
- Batting Avg vs S&P
- +30.6%
- Sortino
- +2.22
- Stutzer
- +0.33
- Treynor
- +0.17
- Sterling
- +0.91
- Calmar
- +1.45
- Information Ratio
- -0.75
- Tracking Error
- +8.8%
- Stdev Down
- +7.4%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +21.7%
- Worst 12 Months
- -0.6%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.11
- Stdev Sectors
- +14.6%
- Skewness
- +0.24
- Kurtosis
- -0.31
- Upside Potential
- +3.94
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 61 | $1.1B | 10 | ||
| 2026 Q2 | 65 | $1.0B | 6 | ||
| 2026 Q1 | 62 | $981.4M | 14 | ||
| 2025 Q4 | 63 | $1.1B | 7 | ||
| 2025 Q3 | 63 | $1.1B | 16 | ||
| 2025 Q2 | 58 | $1.1B | 0 | ||
| 2025 Q1 | 58 | $1.0B | 100 | ||
| 2024 Q4 | 58 | $1.0B | 0 | ||
| 2024 Q3 | 63 | $1.0B | 0 | ||
| 2024 Q2 | 59 | $1.0B | 0 | ||
| 2024 Q1 | 56 | $1.0B | 0 | ||
| 2023 Q4 | 58 | $941.2M | 0 | ||
| 2023 Q3 | 57 | $875.4M | 0 | ||
| 2023 Q2 | 57 | $905.4M | 0 | ||
| 2023 Q1 | 59 | $821.2M | 0 | ||
| 2022 Q4 | 62 | $806.6M | 0 | ||
| 2022 Q3 | 60 | $737.8M | 0 | ||
| 2022 Q2 | 62 | $792.7M | 0 | ||
| 2022 Q1 | 61 | $947.5M | 0 | ||
| 2021 Q4 | 60 | $952.9M | 0 | ||
| 2021 Q3 | 59 | $863.6M | 0 | ||
| 2021 Q2 | 60 | $870.5M | 100 | ||
| 2021 Q1 | 60 | $811.7M | 8 | ||
| 2020 Q4 | 60 | $759.3M | 6 | ||
| 2020 Q3 | 57 | $721.6M | 10 | ||
| 2020 Q2 | 56 | $667.5M | 13 | ||
| 2020 Q1 | 55 | $603.3M | 14 | ||
| 2019 Q4 | 65 | $694.6M | 13 | ||
| 2019 Q3 | 51 | $609.5M | 23 | ||
| 2019 Q2 | 52 | $731.5M | 27 | ||
| 2019 Q1 | 51 | $648.3M | 10 | ||
| 2018 Q4 | 51 | $608.8M | 9 | ||
| 2018 Q3 | 55 | $651.4M | 12 | ||
| 2018 Q2 | 53 | $586.4M | 6 | ||
| 2018 Q1 | 52 | $603.0M | 7 | ||
| 2017 Q4 | 52 | $593.6M | 9 | ||
| 2017 Q3 | 53 | $555.7M | 7 | ||
| 2017 Q2 | 52 | $523.9M | 15 | ||
| 2017 Q1 | 52 | $527.9M | 10 | ||
| 2016 Q4 | 50 | $481.6M | 20 | ||
| 2016 Q3 | 48 | $520.5M | 8 | ||
| 2016 Q2 | 48 | $498.5M | 6 | ||
| 2016 Q1 | 45 | $484.4M | 15 | ||
| 2015 Q4 | 48 | $510.9M | 12 | ||
| 2015 Q3 | 41 | $488.2M | 22 | ||
| 2015 Q2 | 40 | $413.2M | 12 | ||
| 2015 Q1 | 40 | $453.0M | 6 | ||
| 2014 Q4 | 37 | $461.8M | 18 | ||
| 2014 Q3 | 40 | $436.8M | 8 | ||
| 2014 Q2 | 39 | $419.4M | 5 | ||
| 2014 Q1 | 39 | $404.2M | 25 | ||
| 2013 Q4 | 37 | $483.5M | 28 | ||
| 2013 Q3 | 34 | $369.9M | 4 | ||
| 2013 Q2 | 35 | $368.8M | — |
Holding changes this quarter
Armstrong Henry H Associates Inc's most significant position changes for 2026-09-30: Sold out: Uber Technologies Inc (UBER); New buy: ; Sold out: Tesla Inc (TSLA); Sold out: Cisco Systems Inc (CSCO); Sold out: Stmicroelectronics Nv-ny Shs (STM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +5.9% | -0.48% | Trim |
| 2 | ✓ | +0.1% | NEW | New buy | |
| 3 | AAPL | Apple Inc | +0.1% | -0.79% | Trim |
| 4 | CDNA | Caredx Inc | +0.1% | — | Unchanged |
| 5 | FAST | Fastenal Co | 0% | +6.94% | Add |
| 6 | NVDA | Nvidia CORP | 0% | — | Unchanged |
| 7 | ADP | Automatic Data Processing | 0% | -4.26% | Trim |
| 8 | DCI | Donaldson Co Inc | 0% | +18.36% | Add |
| 9 | CVX | Chevron CORP | 0% | — | Unchanged |
| 10 | MA | Mastercard Inc - A | — | +1.65% | Add |
| 11 | J | Jacobs Solutions Inc | — | — | Unchanged |
| 12 | ADSK | Autodesk Inc | — | +4.27% | Add |
| 13 | WAT | Waters CORP | — | -8.24% | Trim |
| 14 | DIS | Walt Disney Co/the | — | -0.44% | Trim |
| 15 | PFE | Pfizer Inc | — | -0.65% | Trim |
| 16 | EMR | Emerson Electric Co | — | — | Unchanged |
| 17 | BHC | Bausch Health Cos Inc | — | -0.63% | Trim |
| 18 | SOLV | Solventum CORP | — | — | Unchanged |
| 19 | MRK | Merck & Co. Inc. | — | — | Unchanged |
| 20 | AMD | Advanced Micro Devices | — | — | Unchanged |
| 21 | SCHW | Schwab (charles) CORP | — | — | Unchanged |
| 22 | IVV | Ishares Core S&p 500 ETF | — | — | Unchanged |
| 23 | RTX | Rtx CORP | — | — | Unchanged |
| 24 | GEHC | GE Healthcare Technology | — | — | Unchanged |
| 25 | NXDR | Nextdoor Holdings Inc | — | — | Unchanged |
| 26 | AMZN | Amazon.com Inc | 0% | — | Unchanged |
| 27 | V | Visa Inc-class A Shares | 0% | — | Unchanged |
| 28 | WMT | Walmart Inc | 0% | -2.73% | Trim |
| 29 | NVO | Novo-nordisk A/s-spons Adr | 0% | — | Unchanged |
| 30 | VOO | Vanguard S&p 500 ETF | 0% | -21.53% | Trim |
| 31 | MKC | Mccormick & Co-non Vtg Shrs | 0% | -6.92% | Trim |
| 32 | VB | Vanguard Small-cap ETF | 0% | — | Unchanged |
| 33 | COST | Costco Wholesale CORP | 0% | — | Unchanged |
| 34 | MMM | 3m Co | 0% | — | Unchanged |
| 35 | SHW | Sherwin-williams Co/the | 0% | — | Unchanged |
| 36 | VTI | Vanguard Total Stock Mkt ETF | 0% | +0.18% | Add |
| 37 | VO | Vanguard Mid-cap ETF | 0% | — | Unchanged |
| 38 | ABT | Abbott Laboratories | 0% | -8.43% | Trim |
| 39 | TSLA | Tesla Inc | 0% | EXIT | Sold out |
| 40 | CSCO | Cisco Systems Inc | 0% | EXIT | Sold out |
| 41 | STM | Stmicroelectronics Nv-ny Shs | 0% | EXIT | Sold out |
| 42 | TJX | Tjx Companies Inc | 0% | -3.91% | Trim |
| 43 | IBM | Intl Business Machines CORP | 0% | — | Unchanged |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +0.02% | Add |
| 45 | MU | Micron Technology Inc | 0% | — | Unchanged |
| 46 | ABBV | Abbvie Inc | 0% | -3.38% | Trim |
| 47 | PEP | Pepsico Inc | 0% | -4.94% | Trim |
| 48 | MDT | Medtronic plc | 0% | -8.31% | Trim |
| 49 | GLW | Corning Inc | -0.1% | — | Unchanged |
| 50 | KO | Coca-cola Co/the | -0.1% | -3.72% | Trim |
1–50 of 65
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Armstrong Henry H Associates Inc and what type of investor is it?
Armstrong Henry H Associates Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.1B, spread across 61 disclosed positions.
What are Armstrong Henry H Associates Inc's largest equity positions?
Based on the latest 13F filing, Armstrong Henry H Associates Inc's top holdings by market value are:
1. Microsoft CORP (MSFT) — $317.7M (28.4%)
2. Berkshire Hathaway Inc-cl A (BRK-A) — $200.2M (17.9%)
3. Berkshire Hathaway Inc-cl B (BRK-B) — $185.5M (16.6%)
4. Johnson & Johnson (JNJ) — $85.4M (7.6%)
5. Moody's CORP (MCO) — $66.4M (5.9%)
What changes did Armstrong Henry H Associates Inc make in its most recent portfolio filing?
In the latest reported quarter, Armstrong Henry H Associates Inc made 39 notable position adjustments: 1 new positions were initiated, 12 existing holdings were added to, 22 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Uber Technologies Inc (UBER); New buy: ; Sold out: Tesla Inc (TSLA); Sold out: Cisco Systems Inc (CSCO); Sold out: Stmicroelectronics Nv-ny Shs (STM)
What sectors does Armstrong Henry H Associates Inc focus on?
Armstrong Henry H Associates Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 50.5%
• Health Care: 14.1%
• Financials: 10.5%
• Consumer Staples: 8.9%
• Industrials: 7.0%
• Communication Services: 5.7%
Investment Profile
Armstrong Henry H Associates Inc returned an annualized 16.4% over the trailing 36 months — underperforming the S&P 500 by 5.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.96 (roughly in line with the market) and a 31% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 50.5% of the portfolio concentrated in Information Technology.
It has added to its JNJ position over the past two quarters (+$7.2M, now $85.4M), while trimming PEP over the same stretch (-$562.0K, still holding $1.9M).
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Developer Access
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