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Brown, Lisle/cummings, Inc. 13F Disclosure (Q3 2026) — Portfolio & Holdings
Brown, Lisle/cummings, Inc.CIK: 0000014745
Diversified strategyMomentum followerLong-term holder
Total reported value
$453.0M
Reporting period: 2026-09-30 · Number of holdings: 1058
BROWN, LISLE/CUMMINGS, INC. disclosed 1058 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $453.0M and a quarterly turnover rate of 14.2%.
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Personality snowflake
- Concentration
- 5.39
- Portfolio Stability
- 14.16
- Momentum
- 100
- Sector conviction
- 43.83
- Diversification
- 100
- Sizing Uniformity
- 63.59
Brown, Lisle/cummings, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.013 — mathematically equivalent to about 74 equally-sized positions, well below its 1058 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 3.64), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 30233Q108
Sold out XOM
Add MSFT
-3.4% $3.8M
Trim VRT
+3.1% -$2.1M
Trim CMI
-2.5% -$2.1M
Add AAPL
-0.3% $2.1M
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1058 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 4.27% | +0.04% | +0.32% | |
| 2 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 4.02% | -0.19% | +0.67% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 3.66% | +0.42% | -0.33% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 3.39% | +0.80% | -3.41% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.06% | +0.07% | -0.53% | |
| 6 | ICE | Intercontinental Exchange In | Stock-Financials | 2.31% | +0.42% | +0.29% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.27% | -0.16% | -1.73% | |
| 8 | AMGN | Amgen Inc | Stock-Healthcare | 2.24% | +0.28% | — | |
| 9 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 2.12% | +0.39% | +25.06% | |
| 10 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.83% | +0.01% | +1.23% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.62% | +0.35% | +0.16% | |
| 12 | ABBV | Abbvie Inc | Stock-Healthcare | 1.61% | -0.03% | -3.60% | |
| 13 | NVDA | Nvidia CORP | Stock-Tech | 1.57% | +0.17% | -0.14% | |
| 14 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.45% | -0.02% | +0.78% | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.45% | +0.08% | +8.00% | |
| 16 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 1.37% | -0.50% | +3.07% | |
| 17 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.34% | +0.31% | -1.10% | |
| 18 | ARCC | Ares Capital CORP | Stock-Financials | 1.28% | +0.18% | +13.92% | |
| 19 | CMI | Cummins Inc | Stock-Industrials | 1.09% | -0.48% | -2.54% | |
| 20 | PANW | Palo Alto Networks Inc | Stock-Tech | 1.09% | +0.13% | -0.88% | |
| 21 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.05% | +0.10% | -1.11% | |
| 22 | ✓ | Stock-Other | 1.01% | +1.01% | NEW | ||
| 23 | TXN | Texas Instruments Inc | Stock-Tech | 1.01% | -0.08% | — | |
| 24 | DE | Deere & Co | Stock-Industrials | 0.93% | +0.02% | -1.43% | |
| 25 | WPC | Wp Carey Inc | Stock-Real Estate | 0.92% | -0.07% | +4.53% | |
| 26 | ECL | Ecolab Inc | Stock-Materials | 0.87% | -0.03% | -0.69% | |
| 27 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.87% | +0.07% | +5.48% | |
| 28 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.77% | -0.12% | -8.31% | |
| 29 | LHX | L3harris Technologies Inc | Stock-Industrials | 0.77% | -0.21% | -2.18% | |
| 30 | MRSH | Marsh & Mclennan Cos | Stock-Financials | 0.77% | +0.01% | — | |
| 31 | BX | Blackstone Inc | Stock-Financials | 0.76% | -0.05% | +0.33% | |
| 32 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.72% | -0.02% | -4.52% | |
| 33 | V | Visa Inc-class A Shares | Stock-Financials | 0.71% | +0.02% | -0.81% | |
| 34 | CVX | Chevron CORP | Stock-Energy | 0.69% | +0.12% | -0.56% | |
| 35 | ACN | Accenture plc | Stock-Tech | 0.68% | +0.09% | -19.83% | |
| 36 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.67% | -0.04% | -1.18% | |
| 37 | NFLX | Netflix Inc | Stock-Comm Services | 0.66% | -0.04% | -2.50% | |
| 38 | SUB | Ishares Short-term National | ETF-Other | 0.64% | -0.03% | — | |
| 39 | RTX | Rtx CORP | Stock-Industrials | 0.63% | -0.03% | -1.20% | |
| 40 | SPYI | Neos S&p 500 High Income ETF | ETF-Large Cap & Growth | 0.59% | +0.04% | +8.73% | |
| 41 | VHT | Vanguard Health Care ETF | ETF-Other | 0.57% | +0.10% | +15.37% | |
| 42 | XLI | Ss Industrial Select Sector | ETF-Other | 0.56% | -0.07% | +0.24% | |
| 43 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.53% | +0.07% | +19.86% | |
| 44 | EFAA | Invesco Msci Eafe Income Adv | ETF-Other | 0.51% | +0.03% | +8.32% | |
| 45 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.51% | -0.10% | -0.23% | |
| 46 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.49% | -0.15% | -0.25% | |
| 47 | CSCO | Cisco Systems Inc | Stock-Tech | 0.49% | -0.05% | -0.38% | |
| 48 | BAC | Bank Of America CORP | Stock-Financials | 0.46% | -0.04% | -1.43% | |
| 49 | CAT | Caterpillar Inc | Stock-Industrials | 0.46% | -0.15% | +1.97% | |
| 50 | ASML | ASML Holding N.V. | Stock-Tech | 0.46% | -0.05% | — |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+2.3%
Performance Last 4 Quarters
+13.3%
- Stdev
- +10.8%
- Beta
- +0.82
- Alpha
- -0.9%
- Max Drawdown
- -7.6%
- Annualized Perf
- +18.6%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +3.18
- Stutzer
- +0.47
- Treynor
- +0.22
- Sterling
- +1.19
- Calmar
- +2.44
- Information Ratio
- -1.06
- Tracking Error
- +4.6%
- Stdev Down
- +5.6%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +31.3%
- Worst 12 Months
- +5.1%
- Efficiency Ratio
- +0.64
- Sharpe
- +1.64
- Stdev Sectors
- +7.1%
- Skewness
- -0.27
- Kurtosis
- -0.03
- Upside Potential
- +4.69
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 1058 | $453.0M | 14 | ||
| 2026 Q2 | 1054 | $445.8M | 21 | ||
| 2026 Q1 | 1021 | $400.4M | 13 | ||
| 2025 Q4 | 742 | $405.9M | 13 | ||
| 2025 Q3 | 760 | $389.6M | 21 | ||
| 2025 Q2 | 772 | $375.8M | 0 | ||
| 2025 Q1 | 784 | $345.0M | 0 | ||
| 2024 Q4 | 638 | $335.1M | 0 | ||
| 2024 Q3 | 619 | $329.1M | 0 | ||
| 2024 Q2 | 614 | $306.9M | 0 | ||
| 2024 Q1 | 558 | $294.4M | 0 | ||
| 2023 Q4 | 571 | $269.6M | 0 | ||
| 2023 Q3 | 550 | $221.0M | 0 | ||
| 2023 Q2 | 556 | $223.6M | — | ||
| 2023 Q1 | 534 | $197.1M | — | ||
| 2022 Q4 | 521 | $186.2M | — | ||
| 2022 Q3 | 512 | $171.3M | — | ||
| 2022 Q2 | 477 | $180.7M | — | ||
| 2022 Q1 | 479 | $208.1M | — | ||
| 2021 Q4 | 452 | $200.1M | — |
Holding changes this quarter
Brown, Lisle/cummings, Inc.'s most significant position changes for 2026-09-30: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Intl Flavors & Fragrances (IFF); New buy: Pimco Multisector Bond Actv (PYLD); New buy: Fr Massachusetts Mun Inc ETF (FTMA).
Showing top 200 changes by size (of 1084 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +1% | NEW | New buy | |
| 2 | MSFT | Microsoft CORP | +0.8% | -3.41% | Trim |
| 3 | AAPL | Apple Inc | +0.4% | -0.33% | Trim |
| 4 | ICE | Intercontinental Exchange In | +0.4% | +0.29% | Add |
| 5 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.4% | +25.06% | Add |
| 6 | META | Meta Platforms Inc-class A | +0.4% | +0.16% | Add |
| 7 | TMO | Thermo Fisher Scientific Inc | +0.3% | -1.10% | Trim |
| 8 | AMGN | Amgen Inc | +0.3% | — | Unchanged |
| 9 | ARCC | Ares Capital CORP | +0.2% | +13.92% | Add |
| 10 | NVDA | Nvidia CORP | +0.2% | -0.14% | Trim |
| 11 | VEEV | Veeva Systems Inc-class A | +0.2% | -3.50% | Trim |
| 12 | PANW | Palo Alto Networks Inc | +0.1% | -0.88% | Trim |
| 13 | CVX | Chevron CORP | +0.1% | -0.56% | Trim |
| 14 | PLTR | Palantir Technologies Inc-a | +0.1% | -0.39% | Trim |
| 15 | MRK | Merck & Co. Inc. | +0.1% | -1.11% | Trim |
| 16 | VHT | Vanguard Health Care ETF | +0.1% | +15.37% | Add |
| 17 | ACN | Accenture plc | +0.1% | -19.83% | Trim |
| 18 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +82.33% | Add |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +8.00% | Add |
| 20 | AMZN | Amazon.com Inc | +0.1% | -0.53% | Trim |
| 21 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | +19.86% | Add |
| 22 | JNJ | Johnson & Johnson | +0.1% | +5.48% | Add |
| 23 | MU | Micron Technology Inc | +0.1% | +135.54% | Add |
| 24 | ✓ | +0.1% | +45.58% | Add | |
| 25 | SHOP | Shopify Inc - Class A | +0.1% | — | Unchanged |
| 26 | T | At&t Inc | +0.1% | +6.51% | Add |
| 27 | PFE | Pfizer Inc | +0.1% | -4.61% | Trim |
| 28 | CRM | Salesforce Inc | +0.1% | -11.01% | Trim |
| 29 | WAT | Waters CORP | +0.1% | -0.14% | Trim |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +0.32% | Add |
| 31 | SPYI | Neos S&p 500 High Income ETF | 0% | +8.73% | Add |
| 32 | RSPA | Invesco S&p 500 Ew Income Ad | 0% | +41.62% | Add |
| 33 | KO | Coca-cola Co/the | 0% | +4.07% | Add |
| 34 | VTI | Vanguard Total Stock Mkt ETF | 0% | +8.36% | Add |
| 35 | EFAA | Invesco Msci Eafe Income Adv | 0% | +8.32% | Add |
| 36 | VZ | Verizon Communications Inc | 0% | +1.57% | Add |
| 37 | MTD | Mettler-toledo International | 0% | — | Unchanged |
| 38 | A | Agilent Technologies Inc | 0% | — | Unchanged |
| 39 | PYLD | Pimco Multisector Bond Actv | 0% | NEW | New buy |
| 40 | DE | Deere & Co | 0% | -1.43% | Trim |
| 41 | BMY | Bristol-myers Squibb Co | 0% | +0.43% | Add |
| 42 | VGT | Vanguard Info Tech ETF | 0% | +2.11% | Add |
| 43 | V | Visa Inc-class A Shares | 0% | -0.81% | Trim |
| 44 | NDAQ | Nasdaq Inc | 0% | — | Unchanged |
| 45 | MPC | Marathon Petroleum CORP | 0% | — | Unchanged |
| 46 | MSA | Msa Safety Inc | 0% | +6.04% | Add |
| 47 | NKE | Nike Inc -cl B | 0% | +27.90% | Add |
| 48 | WCBR | Wisdomtree Cybersecurity Fnd | 0% | — | Unchanged |
| 49 | IUSG | Ishares Core S&p U.s. Growth | 0% | +61.54% | Add |
| 50 | DOW | Dow Inc | 0% | +27.00% | Add |
1–50 of 200
Filing History
FAQ
What is Brown, Lisle/cummings, Inc. and what type of investor is it?
Brown, Lisle/cummings, 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 $453.0M, spread across 1058 disclosed positions.
What are Brown, Lisle/cummings, Inc.'s largest equity positions?
Based on the latest 13F filing, Brown, Lisle/cummings, Inc.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $19.3M (4.3%)
2. Alphabet Inc-cl A (GOOGL) — $18.2M (4.0%)
3. Apple Inc (AAPL) — $16.6M (3.7%)
4. Microsoft CORP (MSFT) — $15.3M (3.4%)
5. Amazon.com Inc (AMZN) — $13.9M (3.1%)
What changes did Brown, Lisle/cummings, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Brown, Lisle/cummings, Inc. made 165 notable position adjustments: 3 new positions were initiated, 68 existing holdings were added to, 92 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: ; Sold out: Exxon Mobil CORP (XOM); Sold out: Intl Flavors & Fragrances (IFF); New buy: Pimco Multisector Bond Actv (PYLD); New buy: Fr Massachusetts Mun Inc ETF (FTMA)
What sectors does Brown, Lisle/cummings, Inc. focus on?
Brown, Lisle/cummings, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 22.1%
• Health Care: 17.1%
• Financials: 14.9%
• Industrials: 14.6%
• Communication Services: 12.8%
• Consumer Discretionary: 7.1%
Investment Profile
Brown, Lisle/cummings, Inc. returned an annualized 18.6% over the trailing 36 months — underperforming the S&P 500 by 0.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its MSFT position over the past two quarters (+$4.2M, now $15.3M), while trimming LHX over the same stretch (-$1.7M, still holding $3.5M).
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Developer Access
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REST API
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