FS

Front Street Capital Management, Inc.

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$753.9M

Reporting period: 2026-03-31 · Number of holdings: 73

Front Street Capital Management, Inc. disclosed 73 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $753.9M and a quarterly turnover rate of 20.3%.

Personality snowflake

Concentration
19.22
Portfolio Stability
20.31
Momentum/Contrarian
100
Sector conviction
60.3
Diversification
100
Sizing Uniformity
84.05

Recent moves

  • Add CGNX

    +1.0%　$17.7M

  • Trim CTLEUR

    +3.9%　-$6.7M

  • Trim AEP

    -6.2%　-$8.7M

  • Add BAX

    +176.6%　$13.1M

  • Add IP

    +144.1%　$11.0M

  • Add AZTA

    +211.7%　$9.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1CTLEURCenturylink INCStock-Other11.61%-1.77%+3.87%
2CGNXCognex CORPStock-Tech8.59%+1.90%+1.02%
3AEPAmerican Electric Power Company, Inc.Stock-Utilities7.34%-1.75%-6.18%
4GEVGE Vernova INCStock-Industrials5.35%+0.47%-12.15%
5VOOVanguard S&p 500 ETFETF-Large Cap & Growth5.33%-0.81%-2.73%
6MTWManitowoc Company INCStock-Other5.13%-0.43%+1.77%
7LITELumentum Holdings INCStock-Tech4.86%-0.14%-21.61%
8BRK-BBerkshire Hathaway Inc-cl BStock-Other3.82%-0.95%-10.10%
9CIENCiena CORPStock-Tech3.07%+0.21%-30.90%
10GLWCorning INCStock-Tech3.06%+0.52%-16.70%
11DHRDanaher CORPStock-Healthcare2.98%-0.90%-0.87%
12BAXBaxter International INCStock-Healthcare2.95%+1.65%+176.62%
13COHRCoherent CORPStock-Tech2.75%+0.17%-11.67%
14IPInternational Paper CoStock-Consumer Disc2.66%+1.37%+144.09%
15AZTAAzenta INCStock-Other2.49%+1.14%+211.66%
16JOESt Joe Co/theStock-Other2.36%-0.42%-14.34%
17COSTCostco Wholesale CORPStock-Consumer Staples2.29%-0.41%-21.46%
18ENOVEnovis CORPStock-Other2.25%+0.88%+106.13%
19MODModine Manufacturing CoStock-Consumer Disc2.09%+0.67%-2.84%
20ESABEsab CORPStock-Industrials1.97%-0.49%-0.85%
21TEXTerex CORPStock-Industrials1.74%-0.07%-7.05%
22NUENucor CORPStock-Materials1.72%-0.28%-11.37%
23MLKNMillerknoll INCStock-Other1.35%-0.48%-0.34%
24HNIHni CORPStock-Other1.12%+0.76%+317.73%
25AAPLApple INCStock-Tech1.01%-0.16%-1.35%
26ATSAts CORPStock-Other0.98%-0.14%-9.03%
27VFIAXVanguard 500 Index-admStock-Other0.83%+0.83%NEW
28VNTVontier CORPStock-Tech0.82%-0.15%-5.03%
29PHParker Hannifin CORPStock-Industrials0.76%-0.12%-9.07%
30GEHCGE Healthcare TechnologyStock-Healthcare0.66%-0.15%-0.62%
31GPNGlobal Payments INCStock-Industrials0.56%-0.12%+2.05%
32VLTOVeralto CORPStock-Industrials0.48%-0.11%-0.04%
33MSFTMicrosoft CORPStock-Tech0.47%-0.17%+2.37%
34CMCOColumbus Mckinnon Corp/nyStock-Other0.41%-0.11%-0.81%
35MKLMarkel Group INCStock-Financials0.40%-0.06%+4.56%
36MCDMcdonald's CORPStock-Consumer Disc0.37%—+0.36%
37SWPPXSchwab S&p 500 Index-selStock-Other0.31%+0.31%NEW
38PGProcter & Gamble Co/theStock-Consumer Staples0.20%—-1.52%
39AMDAdvanced Micro DevicesStock-Tech0.19%——
40GOOGLAlphabet Inc-cl AStock-Comm Services0.18%+0.05%+58.47%
41NVDANvidia CORPStock-Tech0.18%-0.03%-0.51%
42EXPDExpeditors Intl Wash INCStock-Industrials0.18%-0.05%-13.87%
43VTIVanguard Total Stock Mkt ETFETF-Other0.17%—-2.40%
44TILEInterface INCStock-Other0.16%-0.10%-26.02%
45GOOGAlphabet Inc-cl CStock-Comm Services0.15%-0.10%-30.78%
46PGRProgressive CORPStock-Financials0.14%+0.07%+133.88%
47SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.12%-0.02%-7.69%
48GBCIGlacier Bancorp INCStock-Financials0.11%——
49CVXChevron CORPStock-Energy0.09%+0.02%+0.29%
50SBUXStarbucks CORPStock-Consumer Disc0.09%—-1.35%
1–50 of 73

Holding changes this quarter

Front Street Capital Management, Inc.'s most significant position changes for 2026-03-31: New buy: Vanguard 500 Index-adm (VFIAX); New buy: Schwab S&p 500 Index-sel (SWPPX); Sold out: Fairfax Financial Hldgs LTD (FRFHF); Sold out: Ss Spdr Bb 1-3m T-bill ETF (BIL); Add: Cognex CORP (CGNX) — shares +1.02%.

Position changes disclosed by Front Street Capital Management, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1CGNXCognex CORP+1.9%+1.02%Add
2BAXBaxter International INC+1.7%+176.62%Add
3IPInternational Paper Co+1.4%+144.09%Add
4AZTAAzenta INC+1.1%+211.66%Add
5ENOVEnovis CORP+0.9%+106.13%Add
6HNIHni CORP+0.8%+317.73%Add
7MODModine Manufacturing Co+0.7%-2.84%Trim
8GLWCorning INC+0.5%-16.70%Trim
9GEVGE Vernova INC+0.5%-12.15%Trim
10CIENCiena CORP+0.2%-30.90%Trim
11COHRCoherent CORP+0.2%-11.67%Trim
12PGRProgressive CORP+0.1%+133.88%Add
13GOOGLAlphabet Inc-cl A+0.1%+58.47%Add
14CVXChevron CORP0%+0.29%Add
15ROGRogers CORP0%+25.02%Add
16XOMExxon Mobil CORP0%-2.24%Trim
17SPYSs Spdr S&p 500 ETF Trust-us0%-7.69%Trim
18PYPLPaypal Holdings INC0%+9.71%Add
19BACBank Of America CORP0%-3.42%Trim
20NVDANvidia CORP0%-0.51%Trim
21EXPDExpeditors Intl Wash INC-0.1%-13.87%Trim
22MKLMarkel Group INC-0.1%+4.56%Add
23TEXTerex CORP-0.1%-7.05%Trim
24GOOGAlphabet Inc-cl C-0.1%-30.78%Trim
25TILEInterface INC-0.1%-26.02%Trim
26CMCOColumbus Mckinnon Corp/ny-0.1%-0.81%Trim
27VLTOVeralto CORP-0.1%-0.04%Trim
28GPNGlobal Payments INC-0.1%+2.05%Add
29PHParker Hannifin CORP-0.1%-9.07%Trim
30LITELumentum Holdings INC-0.1%-21.61%Trim
31ATSAts CORP-0.1%-9.03%Trim
32GEHCGE Healthcare Technology-0.2%-0.62%Trim
33VNTVontier CORP-0.2%-5.03%Trim
34AAPLApple INC-0.2%-1.35%Trim
35MSFTMicrosoft CORP-0.2%+2.37%Add
36NUENucor CORP-0.3%-11.37%Trim
37COSTCostco Wholesale CORP-0.4%-21.46%Trim
38JOESt Joe Co/the-0.4%-14.34%Trim
39MTWManitowoc Company INC-0.4%+1.77%Add
40MLKNMillerknoll INC-0.5%-0.34%Trim
41ESABEsab CORP-0.5%-0.85%Trim
42VOOVanguard S&p 500 ETF-0.8%-2.73%Trim
43DHRDanaher CORP-0.9%-0.87%Trim
44BRK-BBerkshire Hathaway Inc-cl B-1%-10.10%Trim
45AEPAmerican Electric Power Company, Inc.-1.8%-6.18%Trim
46CTLEURCenturylink INC-1.8%+3.87%Add
47VFIAXVanguard 500 Index-adm—NEWNew buy
48SWPPXSchwab S&p 500 Index-sel—NEWNew buy
49FRFHFFairfax Financial Hldgs LTD—EXITSold out
50BILSs Spdr Bb 1-3m T-bill ETF—EXITSold out

FAQ

What is Front Street Capital Management, Inc. and what type of investor is it?
Front Street Capital Management, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $753.9M, spread across 73 disclosed positions.
What are Front Street Capital Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Front Street Capital Management, Inc.'s top holdings by market value are: 1. Centurylink INC (CTLEUR) — $87.5M (11.6%) 2. Cognex CORP (CGNX) — $64.8M (8.6%) 3. American Electric Power Company, Inc. (AEP) — $55.3M (7.3%) 4. GE Vernova INC (GEV) — $40.3M (5.3%) 5. Vanguard S&p 500 ETF (VOO) — $40.2M (5.3%)
What changes did Front Street Capital Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Front Street Capital Management, Inc. made 50 notable position adjustments: 2 new positions were initiated, 16 existing holdings were added to, 30 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Vanguard 500 Index-adm (VFIAX); New buy: Schwab S&p 500 Index-sel (SWPPX); Sold out: Fairfax Financial Hldgs LTD (FRFHF); Sold out: Ss Spdr Bb 1-3m T-bill ETF (BIL); Add: Cognex CORP (CGNX) — shares +1.02%
What sectors does Front Street Capital Management, Inc. focus on?
Front Street Capital Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 29.5% • Financials: 23.3% • Health Care: 16.6% • Consumer Staples: 14.0% • Information Technology: 10.5% • Consumer Discretionary: 3.3%