Borer Denton & Associates, Inc.

Fundamental diversified ★Signal CIK 1993607
League rank
#664
in Fundamental diversified · #5186 overall
Long book
$280.3M
Q1 2026
Positions
66
Top-10 weight
55%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
7%
of book per quarter

Strategy in plain words

auto-generated from filings

Borer Denton & Associates, Inc. is a diversified fundamental manager, running a $280.3M US long book across 66 positions.

The portfolio is concentrated: the top 10 names carry 55% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, COSTCO WHOLESALE CORP, BERKSHIRE HATHAWAY INC-CL B, APPLE INC, JOHNSON & JOHNSON.

Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.2%
Q2 2024
+6.4%
Q3 2024
-2.3%
Q4 2024
+1.4%
Q1 2025
+2.7%
Q2 2025
+5.3%
Q3 2025
-1.8%
Q4 2025
-4.1%
Q1 2026
+10.0%

Sector allocation

Financials
22%
Technology
21%
Healthcare
18%
Consumer discretionary
14%
Industrials
12%
Services media
5%
Consumer staples
5%
Other
2%

Long book by quarter

$282.5M
Q1 2024
$275.4M
Q2 2024
$293.2M
Q3 2024
$287.5M
Q4 2024
$282.7M
Q1 2025
$288.1M
Q2 2025
$302.9M
Q3 2025
$296.7M
Q4 2025
$280.3M
Q1 2026

What does Borer Denton own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology62.7K$23.2M8.3%-1.2%
COST COSTCO WHOLESALE CORPConsumer discretionary22.2K$22.1M7.9%-1.7%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials46.0K$22.0M7.9%-0.7%
AAPL APPLE INCTechnology68.7K$17.4M6.2%-0.6%
JNJ JOHNSON & JOHNSONHealthcare63.6K$15.5M5.5%-0.4%
ABBV ABBVIE INCHealthcare57.0K$12.4M4.4%-1.5%
HD HOME DEPOT INCConsumer discretionary36.6K$12.0M4.3%+1.2%
AON AON PLC-CLASS AFinancials32.9K$10.6M3.8%-0.2%
ITW ILLINOIS TOOL WORKSIndustrials39.7K$10.3M3.7%-0.5%
PEP PEPSICO INCConsumer staples63.5K$9.9M3.5%-0.4%
UNP UNION PACIFIC CORPIndustrials40.2K$9.8M3.5%-0.6%
BAC BANK OF AMERICA CORPFinancials189.5K$9.2M3.3%-1.0%
GS GOLDMAN SACHS GROUP INCFinancials10.6K$9.0M3.2%-2.5%
ABT ABBOTT LABORATORIESHealthcare78.8K$8.1M2.9%-0.6%
ORCL ORACLE CORPTechnology54.0K$7.9M2.8%-1.3%
HON HONEYWELL INTERNATIONAL INCIndustrials32.5K$7.3M2.6%+0.7%
V VISA INC-CLASS A SHARESServices media21.9K$6.6M2.4%-0.8%
BDX BECTON DICKINSON AND COHealthcare28.4K$4.5M1.6%-8.0%
BNY BANK OF NEW YORK MELLON CORPFinancials35.8K$4.2M1.5%-0.3%
CHD CHURCH & DWIGHT CO INCOther40.6K$3.8M1.4%-1.0%
ADI ANALOG DEVICES INCTechnology11.6K$3.7M1.3%-0.8%
MCD MCDONALD'S CORPConsumer discretionary11.9K$3.7M1.3%Held
UPS UNITED PARCEL SERVICE-CL BIndustrials27.2K$2.7M1.0%-0.6%
AIG AMERICAN INTERNATIONAL GROUPFinancials32.8K$2.5M0.9%-0.2%
MA MASTERCARD INC - AServices media4.9K$2.5M0.9%Held
QCOM QUALCOMM INCTechnology19.1K$2.5M0.9%-4.8%
LLY ELI LILLY & COHealthcare2.7K$2.4M0.9%Held
CVS CVS HEALTH CORPHealthcare33.5K$2.4M0.9%-0.9%
PAYX PAYCHEX INCServices media26.0K$2.4M0.9%-0.6%
MKC MCCORMICK & CO-NON VTG SHRSConsumer staples47.0K$2.4M0.8%-3.4%
MRK MERCK & CO. INC.Healthcare19.2K$2.3M0.8%+34.1%
EBAY EBAY INCServices media20.1K$1.8M0.7%-0.5%
ADP AUTOMATIC DATA PROCESSINGTechnology8.1K$1.7M0.6%Held
APD AIR PRODUCTS & CHEMICALS INCMaterials5.6K$1.6M0.6%-3.7%
DGX QUEST DIAGNOSTICS INCHealthcare6.8K$1.3M0.5%-1.4%
JPM JPMORGAN CHASE & COFinancials4.4K$1.3M0.5%Held
NEE NEXTERA ENERGY INCUtilities12.1K$1.1M0.4%Held
WAT WATERS CORPHealthcare3.5K$1.1M0.4%New
PG PROCTER & GAMBLE CO/THEOther6.4K$923K0.3%Held
CMCSA COMCAST CORP-CLASS ACommunications29.2K$839K0.3%-23.0%
AXP AMERICAN EXPRESS COFinancials2.6K$798K0.3%-1.9%
LOW LOWE'S COS INCConsumer discretionary2.9K$685K0.2%-8.1%
META META PLATFORMS INC-CLASS ATechnology1.2K$685K0.2%Held
MCO MOODY'S CORPServices media1.5K$657K0.2%Held
LMT LOCKHEED MARTIN CORPIndustrials982$594K0.2%Held
CL COLGATE-PALMOLIVE COOther6.6K$559K0.2%Held
PM PHILIP MORRIS INTERNATIONALConsumer staples2.8K$465K0.2%Held
KMX CARMAX INCConsumer discretionary10.2K$423K0.2%-13.6%
MU MICRON TECHNOLOGY INCTechnology1.2K$420K0.1%-5.7%
RTX RTX CORPIndustrials2.2K$416K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 202666$280.3M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202665$296.7M canonicalSEC ↗
Q3 202513F-HROct 16, 202561$302.9M canonicalSEC ↗
Q2 202513F-HRAug 14, 202558$288.1M canonicalSEC ↗
Q1 202513F-HRMay 15, 202559$282.7M canonicalSEC ↗
Q4 202413F-HRFeb 12, 202560$287.5M canonicalSEC ↗
Q3 202413F-HRNov 12, 202461$293.2M canonicalSEC ↗
Q2 202413F-HRAug 13, 202456$275.4M canonicalSEC ↗
Q1 202413F-HRApr 25, 202461$282.5M canonicalSEC ↗