Curbstone Financial Management Corp
Long book
$522.6M
Q1 2026
Positions
202
Top-10 weight
35%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsCurbstone Financial Management Corp is a wealth-management firm allocating client money, running a $522.6M US long book across 202 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR BB IG FLOAT RT ETF, SCHWAB INTL EQUITY ETF, STATE STREET SPDR S&P MIDCAP, VANGUARD S/T CORP BOND ETF, SCHWAB US MID CAP ETF.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+6.4%
Q3 2024
-0.2%
Q4 2024
-1.5%
Q1 2025
+6.1%
Q2 2025
+5.5%
Q3 2025
+2.0%
Q4 2025
-0.5%
Q1 2026
+10.4%
Sector allocation
Technology 29%
Industrials 13%
Consumer discretionary 12%
Healthcare 11%
Financials 11%
Energy 6%
Other 5%
Consumer staples 3%
Long book by quarter
What does Curbstone Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 60.4K | $15.3M | 2.9% | -2.7% |
| GOOG ALPHABET INC-CL C | Technology | 34.0K | $9.8M | 1.9% | -4.3% |
| MSFT MICROSOFT CORP | Technology | 22.1K | $8.2M | 1.6% | +1.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 34.8K | $7.2M | 1.4% | -0.5% |
| XOM EXXON MOBIL CORP | Energy | 39.0K | $6.6M | 1.3% | -2.7% |
| JPM JPMORGAN CHASE & CO | Financials | 21.4K | $6.3M | 1.2% | -3.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 25.4K | $6.2M | 1.2% | -1.9% |
| CSCO CISCO SYSTEMS INC | Technology | 74.8K | $5.8M | 1.1% | -0.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 32.4K | $5.2M | 1.0% | -3.0% |
| RTX RTX CORP | Industrials | 25.0K | $4.8M | 0.9% | -1.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 8.3K | $4.0M | 0.8% | -1.3% |
| PEP PEPSICO INC | Consumer staples | 23.3K | $3.6M | 0.7% | +0.4% |
| HY HYSTER-YALE INC | Industrials | 107.4K | $3.5M | 0.7% | +46.1% |
| V VISA INC-CLASS A SHARES | Services media | 11.2K | $3.4M | 0.6% | +0.4% |
| NVDA NVIDIA CORP | Technology | 19.3K | $3.4M | 0.6% | -0.7% |
| PG PROCTER & GAMBLE CO/THE | Other | 21.4K | $3.1M | 0.6% | -0.2% |
| LLY ELI LILLY & CO | Healthcare | 3.4K | $3.1M | 0.6% | -1.2% |
| NC NACCO INDUSTRIES-CL A | Materials | 57.5K | $3.0M | 0.6% | Held |
| MRK MERCK & CO. INC. | Healthcare | 24.1K | $2.9M | 0.6% | +0.8% |
| CVX CHEVRON CORP | Energy | 13.4K | $2.8M | 0.5% | -0.7% |
| GOOGL ALPHABET INC-CL A | Technology | 9.3K | $2.7M | 0.5% | -3.2% |
| PSX PHILLIPS 66 | Energy | 14.5K | $2.6M | 0.5% | -0.7% |
| HBB HAMILTON BEACH BRAND-A | Industrials | 136.9K | $2.6M | 0.5% | Held |
| KKR KKR & CO INC | Financials | 27.9K | $2.6M | 0.5% | -0.7% |
| NEE NEXTERA ENERGY INC | Utilities | 27.4K | $2.5M | 0.5% | +2.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 23.9K | $2.4M | 0.5% | +2.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 10.4K | $2.3M | 0.4% | -1.3% |
| ABBV ABBVIE INC | Healthcare | 10.6K | $2.3M | 0.4% | -1.7% |
| HD HOME DEPOT INC | Consumer discretionary | 6.5K | $2.1M | 0.4% | -0.5% |
| SYY SYSCO CORP | Consumer discretionary | 28.2K | $2.0M | 0.4% | -0.2% |
| CPW CHECK POINT SOFTWARE TECH | — | 13.8K | $2.0M | 0.4% | Held |
| INTC INTEL CORP | Technology | 44.4K | $2.0M | 0.4% | Held |
| USB US BANCORP | Financials | 37.2K | $1.9M | 0.4% | -0.4% |
| KO COCA-COLA CO/THE | Consumer staples | 25.0K | $1.9M | 0.4% | Held |
| BMO BANK OF MONTREAL | Financials | 13.6K | $1.8M | 0.4% | -0.4% |
| WMT WALMART INC | Consumer discretionary | 14.6K | $1.8M | 0.3% | -0.6% |
| ADSK AUTODESK INC | Technology | 7.5K | $1.8M | 0.3% | Held |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 3.3K | $1.7M | 0.3% | -3.8% |
| AVGO BROADCOM INC | Technology | 5.5K | $1.7M | 0.3% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 5.3K | $1.7M | 0.3% | +1.7% |
| DIS WALT DISNEY CO/THE | Services media | 16.9K | $1.6M | 0.3% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 32.1K | $1.6M | 0.3% | Held |
| PEGA PEGASYSTEMS INC | Technology | 35.9K | $1.5M | 0.3% | Held |
| ORCL ORACLE CORP | Technology | 10.1K | $1.5M | 0.3% | -0.5% |
| VRSK VERISK ANALYTICS INC | Technology | 7.8K | $1.5M | 0.3% | Held |
| ITW ILLINOIS TOOL WORKS | Industrials | 5.6K | $1.5M | 0.3% | Held |
| GSAT GLOBALSTAR INC | Communications | 22.0K | $1.5M | 0.3% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 16.8K | $1.4M | 0.3% | -0.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 7.3K | $1.4M | 0.3% | +1.7% |
| BAC BANK OF AMERICA CORP | Financials | 27.6K | $1.3M | 0.3% | +0.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 202 | $522.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 201 | $522.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 209 | $520.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 200 | $487.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 192 | $474.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 190 | $472.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 3, 2024 | 196 | $467.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 3, 2024 | 198 | $460.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 188 | $462.9M | canonical | SEC ↗ |