TC
Telos Capital Management, Inc. 13F Holdings Tracker (Q2 2026)
Telos Capital Management, Inc.CIK: 0001567889
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.1B
Reporting period: 2026-06-30 · Number of holdings: 201
Telos Capital Management, Inc. disclosed 201 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.1B and a quarterly turnover rate of 16.8%.
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Personality snowflake
- Concentration
- 6.26
- Portfolio Stability
- 16.82
- Momentum
- 100
- Sector conviction
- 41.96
- Diversification
- 100
- Sizing Uniformity
- 85.32
Telos Capital Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 64 equally-sized positions, well below its 201 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 1.47), 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
-1.3% $15.2M
Sold out HON
Trim CVX
-0.2% -$4.3M
New buy 438516205
New buy 43849R105
Add QCOM
-9.2% $7.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 201 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 5.67% | +0.20% | -1.17% | |
| 2 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 3.59% | -0.14% | -9.34% | |
| 3 | QCOM | Qualcomm Inc | Stock-Tech | 2.82% | +0.47% | -9.17% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.75% | +0.31% | -1.64% | |
| 5 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 2.66% | +0.10% | +1.13% | |
| 6 | PANW | Palo Alto Networks Inc | Stock-Tech | 2.55% | +1.23% | -1.28% | |
| 7 | MS | Morgan Stanley | Stock-Financials | 2.33% | +0.27% | -3.34% | |
| 8 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 1.99% | +0.01% | -1.69% | |
| 9 | HD | Home Depot Inc | Stock-Consumer Disc | 1.97% | -0.02% | +0.52% | |
| 10 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.90% | -0.01% | -5.53% | |
| 11 | V | Visa Inc-class A Shares | Stock-Financials | 1.89% | +0.07% | -0.39% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.88% | +0.03% | -0.43% | |
| 13 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.77% | -0.42% | +1.09% | |
| 14 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.68% | +0.18% | -0.79% | |
| 15 | EOG | Eog Resources Inc | Stock-Energy | 1.61% | -0.32% | +1.38% | |
| 16 | CVX | Chevron CORP | Stock-Energy | 1.50% | -0.54% | -0.18% | |
| 17 | ASML | ASML Holding N.V. | Stock-Tech | 1.49% | +0.37% | -3.44% | |
| 18 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.46% | +0.05% | +19.92% | |
| 19 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.45% | -0.10% | -0.08% | |
| 20 | TRV | Travelers Cos Inc/the | Stock-Financials | 1.43% | +0.06% | +0.21% | |
| 21 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.34% | +0.08% | +0.97% | |
| 22 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.31% | +0.08% | +1.70% | |
| 23 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.27% | +0.11% | -6.32% | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.27% | -0.04% | +0.34% | |
| 25 | CSCO | Cisco Systems Inc | Stock-Tech | 1.23% | +0.31% | -3.93% | |
| 26 | CARR | Carrier Global CORP | Stock-Industrials | 1.21% | +0.20% | -0.14% | |
| 27 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 1.15% | -0.07% | -0.88% | |
| 28 | MSFT | Microsoft CORP | Stock-Tech | 1.12% | -0.05% | +2.55% | |
| 29 | MA | Mastercard Inc - A | Stock-Financials | 1.07% | -0.06% | +0.03% | |
| 30 | VRTX | Vertex Pharmaceuticals Inc | Stock-Healthcare | 1.06% | +0.07% | +4.54% | |
| 31 | NOC | Northrop Grumman CORP | Stock-Industrials | 1.03% | -0.41% | +4.22% | |
| 32 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.03% | -0.06% | -0.90% | |
| 33 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 0.94% | +0.03% | -20.99% | |
| 34 | ROK | Rockwell Automation Inc | Stock-Industrials | 0.89% | +0.18% | -0.82% | |
| 35 | RSG | Republic Services Inc | Stock-Industrials | 0.84% | -0.08% | +2.93% | |
| 36 | NOW | Servicenow Inc | Stock-Tech | 0.84% | -0.13% | -0.40% | |
| 37 | AMGN | Amgen Inc | Stock-Healthcare | 0.83% | -0.05% | -0.08% | |
| 38 | PSX | Phillips 66 | Stock-Energy | 0.83% | -0.16% | -2.02% | |
| 39 | WSM | Williams-sonoma Inc | Stock-Consumer Disc | 0.81% | +0.12% | -0.25% | |
| 40 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 0.80% | -0.01% | +7.34% | |
| 41 | DHR | Danaher CORP | Stock-Healthcare | 0.80% | -0.06% | +0.46% | |
| 42 | IQV | Iqvia Holdings Inc | Stock-Healthcare | 0.80% | +0.04% | +0.39% | |
| 43 | PNC | Pnc Financial Services Group | Stock-Financials | 0.77% | +0.05% | -1.97% | |
| 44 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.77% | +0.08% | +0.72% | |
| 45 | J | Jacobs Solutions Inc | Stock-Industrials | 0.76% | -0.12% | -5.23% | |
| 46 | TEL | TE Connectivity plc | Stock-Tech | 0.76% | -0.07% | +2.54% | |
| 47 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.75% | -0.18% | -27.14% | |
| 48 | AEP | American Electric Power | Stock-Utilities | 0.70% | -0.05% | -1.81% | |
| 49 | AVEM | Avantis Emerging Markets Eq | ETF-Emerging Markets | 0.68% | +0.06% | -1.14% | |
| 50 | NEE | Nextera Energy Inc | Stock-Utilities | 0.68% | -0.09% | +1.04% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+20.6%
- Stdev
- +11.5%
- Beta
- +0.84
- Alpha
- -0.9%
- Max Drawdown
- -7.5%
- Annualized Perf
- +16.4%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.61
- Stutzer
- +0.4
- Treynor
- +0.19
- Sterling
- +1.07
- Calmar
- +2.2
- Information Ratio
- -0.93
- Tracking Error
- +4.3%
- Stdev Down
- +6.1%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +29.1%
- Worst 12 Months
- +4.6%
- Efficiency Ratio
- +0.54
- Sharpe
- +1.38
- Stdev Sectors
- +6.7%
- Skewness
- -0.24
- Kurtosis
- -0.53
- Upside Potential
- +4.24
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 201 | $1.1B | 17 | ||
| 2026 Q1 | 191 | $1.0B | 15 | ||
| 2025 Q4 | 196 | $1.1B | 9 | ||
| 2025 Q3 | 194 | $1.0B | 21 | ||
| 2025 Q2 | 196 | $982.2M | 0 | ||
| 2025 Q1 | 191 | $917.8M | 100 | ||
| 2024 Q4 | 197 | $937.6M | 0 | ||
| 2024 Q3 | 196 | $952.8M | 0 | ||
| 2024 Q2 | 192 | $902.2M | 0 | ||
| 2024 Q1 | 194 | $886.9M | 0 | ||
| 2023 Q4 | 196 | $820.5M | 0 | ||
| 2023 Q3 | 187 | $719.4M | 0 | ||
| 2023 Q2 | 192 | $750.2M | 0 | ||
| 2023 Q1 | 191 | $716.5M | 0 | ||
| 2022 Q4 | 194 | $686.9M | 0 | ||
| 2022 Q3 | 171 | $607.6M | 0 | ||
| 2022 Q2 | 172 | $654.7M | 0 | ||
| 2022 Q1 | 185 | $770.0M | 0 | ||
| 2021 Q4 | 188 | $799.9M | 0 | ||
| 2021 Q3 | 180 | $730.6M | 0 | ||
| 2021 Q2 | 184 | $755.6M | 96 | ||
| 2021 Q1 | 177 | $696.1M | 11 | ||
| 2020 Q4 | 170 | $656.2M | 18 | ||
| 2020 Q3 | 169 | $572.7M | 16 | ||
| 2020 Q2 | 170 | $516.7M | 34 | ||
| 2020 Q1 | 168 | $403.6M | 36 | ||
| 2019 Q4 | 181 | $438.2M | 22 | ||
| 2019 Q3 | 170 | $365.0M | 12 | ||
| 2019 Q2 | 155 | $341.3M | 10 | ||
| 2019 Q1 | 155 | $320.8M | 21 | ||
| 2018 Q4 | 147 | $270.2M | 23 | ||
| 2018 Q3 | 156 | $312.7M | 11 | ||
| 2018 Q2 | 154 | $290.3M | 20 | ||
| 2018 Q1 | 150 | $281.4M | 14 | ||
| 2017 Q4 | 153 | $283.3M | 16 | ||
| 2017 Q3 | 147 | $259.1M | 17 | ||
| 2017 Q2 | 146 | $250.3M | 9 | ||
| 2017 Q1 | 146 | $240.1M | 18 | ||
| 2016 Q4 | 141 | $224.8M | 17 | ||
| 2016 Q3 | 137 | $214.8M | 14 | ||
| 2016 Q2 | 139 | $204.5M | 14 | ||
| 2016 Q1 | 141 | $190.7M | 18 | ||
| 2015 Q4 | 145 | $185.5M | 21 | ||
| 2015 Q3 | 129 | $163.6M | 22 | ||
| 2015 Q2 | 143 | $181.2M | 16 | ||
| 2015 Q1 | 138 | $171.3M | 17 | ||
| 2014 Q4 | 143 | $164.0M | 19 | ||
| 2014 Q3 | 144 | $160.8M | 13 | ||
| 2014 Q2 | 146 | $161.7M | 21 | ||
| 2014 Q1 | 143 | $143.0M | 23 | ||
| 2013 Q4 | 140 | $136.4M | 15 | ||
| 2013 Q3 | 135 | $123.2M | 20 | ||
| 2013 Q2 | 128 | $113.9M | 0 |
Holding changes this quarter
Telos Capital Management, Inc.'s most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: Ss Health Care Select Sector (XLV); New buy: Ishares Expanded Tech-softwa (IGV).
Showing top 200 changes by size (of 207 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PANW | Palo Alto Networks Inc | +1.2% | -1.28% | Trim |
| 2 | ✓ | +0.5% | NEW | New buy | |
| 3 | ✓ | +0.5% | NEW | New buy | |
| 4 | QCOM | Qualcomm Inc | +0.5% | -9.17% | Trim |
| 5 | ASML | ASML Holding N.V. | +0.4% | -3.44% | Trim |
| 6 | XLV | Ss Health Care Select Sector | +0.4% | NEW | New buy |
| 7 | GOOGL | Alphabet Inc-cl A | +0.3% | -1.64% | Trim |
| 8 | CSCO | Cisco Systems Inc | +0.3% | -3.93% | Trim |
| 9 | MS | Morgan Stanley | +0.3% | -3.34% | Trim |
| 10 | AAPL | Apple Inc | +0.2% | -1.17% | Trim |
| 11 | CARR | Carrier Global CORP | +0.2% | -0.14% | Trim |
| 12 | GOOG | Alphabet Inc-cl C | +0.2% | -0.79% | Trim |
| 13 | ROK | Rockwell Automation Inc | +0.2% | -0.82% | Trim |
| 14 | WSM | Williams-sonoma Inc | +0.1% | -0.25% | Trim |
| 15 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | -6.32% | Trim |
| 16 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | +1.13% | Add |
| 17 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -6.15% | Trim |
| 18 | SOXX | Ishares Semiconductor ETF | +0.1% | -7.98% | Trim |
| 19 | LRCX | Lam Research CORP | +0.1% | -2.90% | Trim |
| 20 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +1.70% | Add |
| 21 | IVV | Ishares Core S&p 500 ETF | +0.1% | +0.97% | Add |
| 22 | IJR | Ishares Core S&p Small-cap E | +0.1% | +0.72% | Add |
| 23 | CAT | Caterpillar Inc | +0.1% | +0.54% | Add |
| 24 | MU | Micron Technology Inc | +0.1% | -17.19% | Trim |
| 25 | V | Visa Inc-class A Shares | +0.1% | -0.39% | Trim |
| 26 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +4.54% | Add |
| 27 | KLAC | Kla CORP | +0.1% | +892.60% | Add |
| 28 | TRV | Travelers Cos Inc/the | +0.1% | +0.21% | Add |
| 29 | AVEM | Avantis Emerging Markets Eq | +0.1% | -1.14% | Trim |
| 30 | IGV | Ishares Expanded Tech-softwa | +0.1% | NEW | New buy |
| 31 | AMD | Advanced Micro Devices | +0.1% | +17.32% | Add |
| 32 | COST | Costco Wholesale CORP | +0.1% | +19.92% | Add |
| 33 | PNC | Pnc Financial Services Group | +0.1% | -1.97% | Trim |
| 34 | AMAT | Applied Materials Inc | +0.1% | -6.63% | Trim |
| 35 | IQV | Iqvia Holdings Inc | 0% | +0.39% | Add |
| 36 | LLY | Eli Lilly & Co | 0% | +0.04% | Add |
| 37 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +9.45% | Add |
| 38 | VGT | Vanguard Info Tech ETF | 0% | +715.49% | Add |
| 39 | JPM | Jpmorgan Chase & Co | 0% | -0.43% | Trim |
| 40 | NXPI | NXP Semiconductors N.V. | 0% | -20.99% | Trim |
| 41 | EW | Edwards Lifesciences CORP | 0% | +0.48% | Add |
| 42 | ANET | Arista Networks Inc | 0% | +0.28% | Add |
| 43 | INTC | Intel CORP | 0% | NEW | New buy |
| 44 | FRDM | Freedom 100 Emeging Mrkt ETF | 0% | NEW | New buy |
| 45 | GLW | Corning Inc | 0% | NEW | New buy |
| 46 | FTNT | Fortinet Inc | 0% | NEW | New buy |
| 47 | VB | Vanguard Small-cap ETF | 0% | NEW | New buy |
| 48 | AVUV | Avantis US Small Cap Value | 0% | +1.29% | Add |
| 49 | ABBV | Abbvie Inc | 0% | -1.81% | Trim |
| 50 | RSP | Invesco S&p 500 Equal Weight | 0% | +2.15% | Add |
1–50 of 200
Filing History
FAQ
What is Telos Capital Management, Inc. and what type of investor is it?
Telos Capital Management, 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 $1.1B, spread across 201 disclosed positions.
What are Telos Capital Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Telos Capital Management, Inc.'s top holdings by market value are:
1. Apple Inc (AAPL) — $64.4M (5.7%)
2. Vanguard Total Stock Mkt ETF (VTI) — $40.7M (3.6%)
3. Qualcomm Inc (QCOM) — $32.0M (2.8%)
4. Alphabet Inc-cl A (GOOGL) — $31.2M (2.8%)
5. Vanguard Ftse All-world Ex-u (VEU) — $30.1M (2.7%)
What changes did Telos Capital Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Telos Capital Management, Inc. made 182 notable position adjustments: 16 new positions were initiated, 62 existing holdings were added to, 98 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; New buy: Ss Health Care Select Sector (XLV); New buy: Ishares Expanded Tech-softwa (IGV)
What sectors does Telos Capital Management, Inc. focus on?
Telos Capital Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 26.5%
• Financials: 14.2%
• Health Care: 11.4%
• Industrials: 10.7%
• Communication Services: 8.6%
• Consumer Discretionary: 8.0%
Investment Profile
Telos Capital Management, Inc. returned an annualized 16.4% 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 0.84 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 17 over the past 4 quarters — a shift toward more active trading.
It has added to its ASML position over the past two quarters (+$7.1M, now $16.9M), while trimming TROW over the same stretch (-$6.0M, still holding $597.7K).
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Developer Access
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REST API
curl https://alphasmo.com/api/v1/institutions/telos-capital-management-incCLI
npx alphasmo institutions get telos-capital-management-inc