D&
Dillon & Associates Inc 13F Holdings & Recent Stock Buys (Q2 2026)
Dillon & Associates IncCIK: 0001054425
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$817.2M
Reporting period: 2026-06-30 · Number of holdings: 80
DILLON & ASSOCIATES INC disclosed 80 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $817.2M and a quarterly turnover rate of 20.0%.
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Personality snowflake
- Concentration
- 29.03
- Portfolio Stability
- 19.96
- Momentum
- 100
- Sector conviction
- 66.39
- Diversification
- 100
- Sizing Uniformity
- 77.94
Dillon & Associates Inc's disclosed holdings carry a Herfindahl concentration index of 0.073 — mathematically equivalent to about 14 equally-sized positions, well below its 80 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 2.21), 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.govAdd PANW
+2.1% $23.6M
Add AXP
+1169.4% $6.5M
Add GOOGL
-0.4% $13.1M
Trim PAYC
-59.4% -$4.8M
Trim NVO
-72.0% -$4.9M
Trim CMG
-49.8% -$4.2M
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 | NVDA | Nvidia CORP | Stock-Tech | 20.76% | +0.19% | -1.23% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 8.88% | +0.05% | -0.55% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.41% | +0.75% | -0.37% | |
| 4 | PANW | Palo Alto Networks Inc | Stock-Tech | 5.34% | +2.58% | +2.12% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 4.94% | +0.10% | +0.98% | |
| 6 | SYK | Stryker CORP | Stock-Healthcare | 3.63% | -0.32% | +8.03% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.98% | +0.12% | +2.68% | |
| 8 | CASY | Casey's General Stores Inc | Stock-Consumer Disc | 2.98% | -0.01% | +2.48% | |
| 9 | ABT | Abbott Laboratories | Stock-Healthcare | 2.81% | -0.47% | +9.13% | |
| 10 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.49% | +0.20% | -0.72% | |
| 11 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 2.14% | -0.28% | -0.65% | |
| 12 | ADP | Automatic Data Processing | Stock-Tech | 2.05% | +0.06% | +4.94% | |
| 13 | APD | Air Products & Chemicals Inc | Stock-Materials | 2.04% | -0.23% | -0.05% | |
| 14 | ECL | Ecolab Inc | Stock-Materials | 2.03% | +0.12% | +13.84% | |
| 15 | ISRG | Intuitive Surgical Inc | Stock-Healthcare | 1.98% | -0.19% | +18.80% | |
| 16 | NSC | Norfolk Southern CORP | Stock-Industrials | 1.90% | -0.04% | +0.48% | |
| 17 | LOW | Lowe's Cos Inc | Stock-Consumer Disc | 1.87% | -0.53% | -6.24% | |
| 18 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.77% | +0.64% | +35.10% | |
| 19 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.66% | -0.32% | +0.51% | |
| 20 | ETN | Eaton Corporation plc | Stock-Industrials | 1.29% | +0.15% | +6.63% | |
| 21 | DHR | Danaher CORP | Stock-Healthcare | 1.28% | -0.16% | -0.14% | |
| 22 | CNI | Canadian Natl Railway Co | Stock-Industrials | 1.06% | +0.03% | +0.56% | |
| 23 | MSFT | Microsoft CORP | Stock-Tech | 1.06% | +0.01% | +12.67% | |
| 24 | RTX | Rtx CORP | Stock-Industrials | 0.95% | -0.13% | +0.27% | |
| 25 | NEE | Nextera Energy Inc | Stock-Utilities | 0.94% | -0.12% | +4.92% | |
| 26 | AXP | American Express Co | Stock-Financials | 0.86% | +0.79% | +1169.37% | |
| 27 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.84% | -0.13% | -1.32% | |
| 28 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.78% | -0.15% | -16.70% | |
| 29 | MNST | Monster Beverage CORP | Stock-Consumer Staples | 0.73% | +0.15% | +5.53% | |
| 30 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.71% | -0.06% | -0.74% | |
| 31 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.62% | -0.01% | -0.26% | |
| 32 | CMG | Chipotle Mexican Grill Inc | Stock-Consumer Disc | 0.58% | -0.65% | -49.84% | |
| 33 | BROS | Dutch Bros Inc-class A | Stock-Consumer Disc | 0.54% | +0.54% | NEW | |
| 34 | NFLX | Netflix Inc | Stock-Comm Services | 0.52% | -0.01% | +48.88% | |
| 35 | HD | Home Depot Inc | Stock-Consumer Disc | 0.43% | -0.06% | -8.93% | |
| 36 | PAYC | Paycom Software Inc | Stock-Tech | 0.43% | -0.72% | -59.42% | |
| 37 | ASML | ASML Holding N.V. | Stock-Tech | 0.42% | +0.11% | +1.23% | |
| 38 | AZN | AstraZeneca PLC | Stock-Healthcare | 0.35% | +0.35% | NEW | |
| 39 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.34% | -0.15% | -9.67% | |
| 40 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.34% | -0.71% | -71.99% | |
| 41 | REGN | Regeneron Pharmaceuticals | Stock-Healthcare | 0.31% | -0.16% | -6.95% | |
| 42 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.30% | -0.10% | -2.29% | |
| 43 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.29% | -0.04% | -2.98% | |
| 44 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.26% | -0.05% | -14.49% | |
| 45 | PAYX | Paychex Inc | Stock-Tech | 0.24% | -0.24% | -46.51% | |
| 46 | ADI | Analog Devices Inc | Stock-Tech | 0.23% | +0.02% | +0.36% | |
| 47 | CRM | Salesforce Inc | Stock-Tech | 0.23% | -0.62% | -64.40% | |
| 48 | WMT | Walmart Inc | Stock-Consumer Staples | 0.22% | -0.05% | -1.85% | |
| 49 | ABBV | Abbvie Inc | Stock-Healthcare | 0.22% | +0.01% | +0.03% | |
| 50 | GNRC | Generac Holdings Inc | Stock-Industrials | 0.20% | +0.05% | +1.08% |
1–50 of 80
* 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.
Portfolio Performance
Performance for Q3 2026
+6.5%
Performance Last 4 Quarters
+16.9%
- Stdev
- +12.8%
- Beta
- +0.93
- Alpha
- -3.5%
- Max Drawdown
- -11%
- Annualized Perf
- +15.3%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +2.07
- Stutzer
- +0.34
- Treynor
- +0.16
- Sterling
- +0.89
- Calmar
- +1.39
- Information Ratio
- -1.07
- Tracking Error
- +4.5%
- Stdev Down
- +7.3%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +32.6%
- Worst 12 Months
- +3.9%
- Efficiency Ratio
- +0.47
- Sharpe
- +1.18
- Stdev Sectors
- +11%
- Skewness
- -0.23
- Kurtosis
- +0.34
- Upside Potential
- +3.63
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 80 | $817.2M | 20 | ||
| 2026 Q1 | 75 | $726.4M | 15 | ||
| 2025 Q4 | 77 | $774.4M | 12 | ||
| 2025 Q3 | 76 | $777.7M | 24 | ||
| 2025 Q2 | 77 | $736.7M | 0 | ||
| 2025 Q1 | 78 | $673.1M | 100 | ||
| 2024 Q4 | 81 | $721.1M | 0 | ||
| 2024 Q3 | 81 | $710.6M | 0 | ||
| 2024 Q2 | 80 | $687.8M | 0 | ||
| 2024 Q1 | 82 | $636.5M | 0 | ||
| 2023 Q4 | 78 | $551.3M | 0 | ||
| 2023 Q3 | 77 | $519.6M | 0 | ||
| 2023 Q2 | 81 | $543.6M | 0 | ||
| 2023 Q1 | 78 | $504.0M | 0 | ||
| 2022 Q4 | 77 | $462.3M | 0 | ||
| 2022 Q3 | 74 | $431.1M | 0 | ||
| 2022 Q2 | 73 | $443.7M | 0 | ||
| 2022 Q1 | 78 | $527.2M | 0 | ||
| 2021 Q4 | 78 | $573.8M | 0 | ||
| 2021 Q3 | 72 | $522.1M | 0 | ||
| 2021 Q2 | 71 | $510.7M | 100 | ||
| 2021 Q1 | 72 | $468.2M | 8 | ||
| 2020 Q4 | 66 | $460.6M | 12 | ||
| 2020 Q3 | 67 | $414.6M | 13 | ||
| 2020 Q2 | 68 | $369.4M | 26 | ||
| 2020 Q1 | 64 | $297.0M | 21 | ||
| 2019 Q4 | 68 | $357.4M | 12 | ||
| 2019 Q3 | 67 | $328.6M | 6 | ||
| 2019 Q2 | 66 | $323.5M | 13 | ||
| 2019 Q1 | 66 | $307.8M | 21 | ||
| 2018 Q4 | 65 | $262.6M | 16 | ||
| 2018 Q3 | 72 | $302.1M | 12 | ||
| 2018 Q2 | 69 | $270.9M | 10 | ||
| 2018 Q1 | 68 | $258.8M | 8 | ||
| 2017 Q4 | 67 | $265.2M | 8 | ||
| 2017 Q3 | 70 | $253.5M | 8 | ||
| 2017 Q2 | 71 | $242.7M | 9 | ||
| 2017 Q1 | 73 | $234.9M | 11 | ||
| 2016 Q4 | 70 | $220.0M | 7 | ||
| 2016 Q3 | 70 | $216.8M | 12 | ||
| 2016 Q2 | 70 | $217.7M | 7 | ||
| 2016 Q1 | 69 | $215.6M | 19 | ||
| 2015 Q4 | 66 | $206.8M | 10 | ||
| 2015 Q3 | 71 | $199.9M | 11 | ||
| 2015 Q2 | 65 | $205.3M | 7 | ||
| 2015 Q1 | 65 | $208.4M | 9 | ||
| 2014 Q4 | 64 | $205.8M | 11 | ||
| 2014 Q3 | 65 | $196.1M | 8 | ||
| 2014 Q2 | 62 | $195.0M | 10 | ||
| 2014 Q1 | 63 | $187.0M | 7 | ||
| 2013 Q4 | 63 | $185.3M | 6 | ||
| 2013 Q3 | 61 | $179.0M | 17 | ||
| 2013 Q2 | 61 | $156.1M | — |
Holding changes this quarter
Dillon & Associates Inc's most significant position changes for 2026-06-30: New buy: Dutch Bros Inc-class A (BROS); New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Honeywell International Inc (HON); New buy: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PANW | Palo Alto Networks Inc | +2.6% | +2.12% | Add |
| 2 | AXP | American Express Co | +0.8% | +1169.37% | Add |
| 3 | GOOGL | Alphabet Inc-cl A | +0.8% | -0.37% | Trim |
| 4 | LLY | Eli Lilly & Co | +0.6% | +35.10% | Add |
| 5 | BROS | Dutch Bros Inc-class A | +0.5% | NEW | New buy |
| 6 | AZN | AstraZeneca PLC | +0.4% | NEW | New buy |
| 7 | GOOG | Alphabet Inc-cl C | +0.2% | -0.72% | Trim |
| 8 | NVDA | Nvidia CORP | +0.2% | -1.23% | Trim |
| 9 | ETN | Eaton Corporation plc | +0.2% | +6.63% | Add |
| 10 | MNST | Monster Beverage CORP | +0.2% | +5.53% | Add |
| 11 | AMZN | Amazon.com Inc | +0.1% | +2.68% | Add |
| 12 | ECL | Ecolab Inc | +0.1% | +13.84% | Add |
| 13 | ASML | ASML Holding N.V. | +0.1% | +1.23% | Add |
| 14 | V | Visa Inc-class A Shares | +0.1% | +0.98% | Add |
| 15 | ✓ | +0.1% | NEW | New buy | |
| 16 | ✓ | +0.1% | NEW | New buy | |
| 17 | ADP | Automatic Data Processing | +0.1% | +4.94% | Add |
| 18 | AAPL | Apple Inc | +0.1% | -0.55% | Trim |
| 19 | GNRC | Generac Holdings Inc | +0.1% | +1.08% | Add |
| 20 | TSM | Taiwan Semiconductor-sp Adr | 0% | +34.31% | Add |
| 21 | CNI | Canadian Natl Railway Co | 0% | +0.56% | Add |
| 22 | GEV | GE Vernova Inc | 0% | +39.32% | Add |
| 23 | CAT | Caterpillar Inc | 0% | NEW | New buy |
| 24 | AMD | Advanced Micro Devices | 0% | NEW | New buy |
| 25 | AEP | American Electric Power Company, Inc. | 0% | NEW | New buy |
| 26 | ADI | Analog Devices Inc | 0% | +0.36% | Add |
| 27 | CSCO | Cisco Systems Inc | 0% | — | Unchanged |
| 28 | PLTR | Palantir Technologies Inc-a | 0% | NEW | New buy |
| 29 | ROK | Rockwell Automation Inc | 0% | +2.89% | Add |
| 30 | UNH | Unitedhealth Group Inc | 0% | — | Unchanged |
| 31 | MSFT | Microsoft CORP | 0% | +12.67% | Add |
| 32 | ABBV | Abbvie Inc | 0% | +0.03% | Add |
| 33 | QCOM | Qualcomm Inc | 0% | -13.32% | Trim |
| 34 | SYY | Sysco CORP | — | — | Unchanged |
| 35 | EMR | Emerson Electric Co | — | +3.96% | Add |
| 36 | TSLA | Tesla Inc | — | +0.58% | Add |
| 37 | USB | US Bancorp | — | -0.50% | Trim |
| 38 | BRK-B | Berkshire Hathaway Inc-cl B | — | +9.51% | Add |
| 39 | COF | Capital One Financial CORP | — | -0.13% | Trim |
| 40 | LIN | Linde plc | — | +5.87% | Add |
| 41 | IBRX | Immunitybio Inc | — | — | Unchanged |
| 42 | AFL | Aflac Inc | — | — | Unchanged |
| 43 | KO | Coca-cola Co/the | — | +0.03% | Add |
| 44 | MRSH | Marsh & Mclennan Cos | — | — | Unchanged |
| 45 | NVS | Novartis Ag-sponsored Adr | — | — | Unchanged |
| 46 | MDLZ | Mondelez International Inc-a | — | -1.96% | Trim |
| 47 | ENB | Enbridge Inc | — | +1.91% | Add |
| 48 | CASY | Casey's General Stores Inc | 0% | +2.48% | Add |
| 49 | JPM | Jpmorgan Chase & Co | 0% | -0.26% | Trim |
| 50 | NFLX | Netflix Inc | 0% | +48.88% | Add |
1–50 of 83
Filing History
FAQ
What is Dillon & Associates Inc and what type of investor is it?
Dillon & 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $817.2M, spread across 80 disclosed positions.
What are Dillon & Associates Inc's largest equity positions?
Based on the latest 13F filing, Dillon & Associates Inc's top holdings by market value are:
1. Nvidia CORP (NVDA) — $169.6M (20.8%)
2. Apple Inc (AAPL) — $72.6M (8.9%)
3. Alphabet Inc-cl A (GOOGL) — $68.7M (8.4%)
4. Palo Alto Networks Inc (PANW) — $43.6M (5.3%)
5. Visa Inc-class A Shares (V) — $40.3M (4.9%)
What changes did Dillon & Associates Inc make in its most recent portfolio filing?
In the latest reported quarter, Dillon & Associates Inc made 76 notable position adjustments: 8 new positions were initiated, 34 existing holdings were added to, 31 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Dutch Bros Inc-class A (BROS); New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); Sold out: Honeywell International Inc (HON); New buy:
What sectors does Dillon & Associates Inc focus on?
Dillon & Associates Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.1%
• Health Care: 13.7%
• Consumer Discretionary: 12.7%
• Communication Services: 12.3%
• Financials: 6.6%
• Industrials: 5.7%
Investment Profile
Dillon & Associates Inc returned an annualized 15.3% over the trailing 36 months — underperforming the S&P 500 by 3.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.93 (roughly in line with the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 40.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 20 over the past 4 quarters — a shift toward more active trading.
It has added to its CASY position over the past two quarters (+$9.8M, now $24.3M), while trimming NVO over the same stretch (-$12.6M, still holding $2.8M).
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Developer Access
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