Armstrong, Fleming & Moore, Inc
Long book
$235.6M
Q1 2026
Positions
108
Top-10 weight
64%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsArmstrong, Fleming & Moore, Inc is an institutional manager, running a $235.6M US long book across 108 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: CAVA GROUP INC, CAP GROUP INTL FOCUS, T ROWE PRICE BLUE CHIP GROWT, APPLE INC, AVANTIS EMERGING MARKETS EQ.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+9.1%
Q2 2024
+11.8%
Q3 2024
-0.1%
Q4 2024
-7.0%
Q1 2025
+3.9%
Q2 2025
+2.6%
Q3 2025
+2.9%
Q4 2025
+2.3%
Q1 2026
+10.2%
Sector allocation
Technology 32%
Consumer discretionary 28%
Industrials 9%
Financials 7%
Energy 6%
Healthcare 6%
Services media 5%
Communications 2%
Long book by quarter
What does Armstrong, Fleming own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CAVA CAVA GROUP INC | Consumer discretionary | 363.9K | $29.4M | 12.5% | Held |
| AAPL APPLE INC | Technology | 91.5K | $23.2M | 9.9% | +3.0% |
| NVDA NVIDIA CORP | Technology | 24.3K | $4.2M | 1.8% | +2.5% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 12.7K | $4.2M | 1.8% | -0.5% |
| XOM EXXON MOBIL CORP | Energy | 21.5K | $3.6M | 1.5% | +3.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.9K | $3.4M | 1.4% | +10.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.1K | $3.1M | 1.3% | +2.1% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 21.1K | $3.1M | 1.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.9K | $2.8M | 1.2% | +2.0% |
| CVX CHEVRON CORP | Energy | 12.2K | $2.5M | 1.1% | -0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 8.4K | $2.5M | 1.0% | Held |
| SAIC SCIENCE APPLICATIONS INTE | Technology | 23.4K | $2.2M | 0.9% | -26.5% |
| GPRK GEOPARK LTD | Energy | 231.0K | $2.2M | 0.9% | +3.2% |
| GOOGL ALPHABET INC-CL A | Technology | 7.4K | $2.1M | 0.9% | +3.2% |
| TSLA TESLA INC | Industrials | 5.6K | $2.1M | 0.9% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 9.7K | $2.0M | 0.9% | +16.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 13.5K | $2.0M | 0.8% | +15.2% |
| MSFT MICROSOFT CORP | Technology | 4.5K | $1.7M | 0.7% | +4.0% |
| GOOG ALPHABET INC-CL C | Technology | 5.1K | $1.5M | 0.6% | +15.0% |
| GE GENERAL ELECTRIC | Industrials | 4.8K | $1.4M | 0.6% | +1.0% |
| UNP UNION PACIFIC CORP | Industrials | 5.3K | $1.3M | 0.6% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 5.3K | $1.3M | 0.5% | Held |
| GEV GE VERNOVA INC | Industrials | 1.3K | $1.1M | 0.5% | +0.9% |
| EMR EMERSON ELECTRIC CO | Industrials | 8.0K | $1.0M | 0.4% | +0.7% |
| FMBH FIRST MID BANCSHARES INC | Financials | 24.9K | $1.0M | 0.4% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 20.3K | $1.0M | 0.4% | -0.8% |
| NFLX NETFLIX INC | Services media | 10.5K | $1.0M | 0.4% | +5.0% |
| MRK MERCK & CO. INC. | Healthcare | 8.2K | $985K | 0.4% | +3.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 4.3K | $968K | 0.4% | -0.7% |
| MA MASTERCARD INC - A | Services media | 1.9K | $947K | 0.4% | Held |
| T AT&T INC | Communications | 31.1K | $903K | 0.4% | -1.8% |
| LLY ELI LILLY & CO | Healthcare | 929 | $855K | 0.4% | +3.7% |
| CAT CATERPILLAR INC | Industrials | 1.1K | $796K | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 5.1K | $791K | 0.3% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.3% | Held |
| ABBV ABBVIE INC | Healthcare | 3.2K | $697K | 0.3% | +14.3% |
| CSCO CISCO SYSTEMS INC | Technology | 8.8K | $686K | 0.3% | -2.7% |
| KO COCA-COLA CO/THE | Consumer staples | 8.5K | $644K | 0.3% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 2.9K | $601K | 0.3% | -2.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 986 | $596K | 0.3% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 6.3K | $584K | 0.2% | +0.2% |
| RTX RTX CORP | Industrials | 3.0K | $569K | 0.2% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 9.0K | $547K | 0.2% | Held |
| DIS WALT DISNEY CO/THE | Services media | 5.6K | $544K | 0.2% | -19.4% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 387 | $511K | 0.2% | Held |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 2.3K | $502K | 0.2% | Held |
| WMT WALMART INC | Consumer discretionary | 3.9K | $480K | 0.2% | +14.1% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 1.0K | $444K | 0.2% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 1.2K | $416K | 0.2% | +22.2% |
| CSX CSX CORP | Industrials | 9.6K | $395K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 108 | $235.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 105 | $216.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 112 | $209.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 106 | $184.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 11, 2025 | 79 | $82.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 95 | $165.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 99 | $171.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 94 | $155.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 92 | $144.5M | canonical | SEC ↗ |
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