DILLON & ASSOCIATES INC
Long book
$726.4M
Q1 2026
Positions
75
Top-10 weight
60%
concentration
Last quarter
+14.5%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsDILLON & ASSOCIATES INC is a diversified fundamental manager, running a $726.4M US long book across 75 positions.
The portfolio is concentrated: the top 10 names carry 60% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, APPLE INC, ALPHABET INC-CL A, VISA INC-CLASS A SHARES, STRYKER CORP.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 1 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
+7.2%
Q2 2024
+3.9%
Q3 2024
+2.0%
Q4 2024
-5.5%
Q1 2025
+9.4%
Q2 2025
+6.3%
Q3 2025
+0.7%
Q4 2025
-6.4%
Q1 2026
+14.5%
Sector allocation
Technology 51%
Consumer discretionary 16%
Healthcare 12%
Industrials 6%
Services media 6%
Other 3%
Materials 2%
Consumer staples 1%
Long book by quarter
What does DILLON & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 858.8K | $149.4M | 20.6% | -1.3% |
| AAPL APPLE INC | Technology | 252.5K | $64.1M | 8.8% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 193.3K | $55.7M | 7.7% | -0.1% |
| V VISA INC-CLASS A SHARES | Services media | 116.5K | $35.2M | 4.8% | +0.1% |
| SYK STRYKER CORP | Healthcare | 87.2K | $28.7M | 4.0% | +1.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 231.3K | $23.8M | 3.3% | +2.1% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 29.8K | $21.7M | 3.0% | +13.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 99.8K | $20.7M | 2.9% | +2.5% |
| PANW PALO ALTO NETWORKS INC | Technology | 125.3K | $20.0M | 2.8% | +7.9% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 191.0K | $17.6M | 2.4% | -0.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 74.0K | $17.5M | 2.4% | -1.2% |
| GOOG ALPHABET INC-CL C | Technology | 58.0K | $16.6M | 2.3% | -1.7% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 56.8K | $16.5M | 2.3% | -0.2% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 34.2K | $15.8M | 2.2% | +7.6% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 71.2K | $14.5M | 2.0% | +1.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 14.4K | $14.4M | 2.0% | +5.6% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 49.1K | $14.1M | 1.9% | +0.5% |
| ECL ECOLAB INC | Other | 52.3K | $13.9M | 1.9% | +0.6% |
| DHR DANAHER CORP | Technology | 55.0K | $10.5M | 1.4% | +0.6% |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 279.7K | $9.0M | 1.2% | -3.7% |
| PAYC PAYCOM SOFTWARE INC | Technology | 68.4K | $8.3M | 1.1% | -3.9% |
| ETN EATON CORP PLC | Industrials | 23.2K | $8.3M | 1.1% | +5.4% |
| LLY ELI LILLY & CO | Healthcare | 9.0K | $8.2M | 1.1% | +25.9% |
| RTX RTX CORP | Industrials | 40.8K | $7.9M | 1.1% | +1.2% |
| NEE NEXTERA ENERGY INC | Utilities | 82.8K | $7.7M | 1.1% | +9.5% |
| MSFT MICROSOFT CORP | Technology | 20.6K | $7.6M | 1.0% | +11.5% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 72.6K | $7.5M | 1.0% | -1.2% |
| META META PLATFORMS INC-CLASS A | Technology | 12.3K | $7.0M | 1.0% | -0.2% |
| SBUX STARBUCKS CORP | Consumer discretionary | 75.2K | $6.8M | 0.9% | -3.0% |
| CRM SALESFORCE INC | Technology | 33.1K | $6.2M | 0.9% | +3.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 23.2K | $5.7M | 0.8% | -1.8% |
| JPM JPMORGAN CHASE & CO | Financials | 15.6K | $4.6M | 0.6% | -0.5% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 58.5K | $4.2M | 0.6% | +7.3% |
| NFLX NETFLIX INC | Services media | 40.2K | $3.9M | 0.5% | +547.3% |
| HD HOME DEPOT INC | Consumer discretionary | 10.9K | $3.6M | 0.5% | -1.7% |
| PEP PEPSICO INC | Consumer staples | 23.0K | $3.6M | 0.5% | -28.5% |
| PAYX PAYCHEX INC | Services media | 38.1K | $3.5M | 0.5% | -18.0% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 4.4K | $3.4M | 0.5% | +0.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 9.3K | $2.9M | 0.4% | -0.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.5K | $2.4M | 0.3% | -4.5% |
| CL COLGATE-PALMOLIVE CO | Other | 26.5K | $2.3M | 0.3% | -7.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 1.7K | $2.3M | 0.3% | +7.6% |
| WMT WALMART INC | Consumer discretionary | 16.1K | $2.0M | 0.3% | -2.0% |
| ABBV ABBVIE INC | Healthcare | 7.0K | $1.5M | 0.2% | -0.7% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 6.7K | $1.5M | 0.2% | -2.6% |
| ADI ANALOG DEVICES INC | Technology | 4.7K | $1.5M | 0.2% | +13.2% |
| CELH CELSIUS HOLDINGS INC | Consumer staples | 35.7K | $1.2M | 0.2% | +22.2% |
| GNRC GENERAC HOLDINGS INC | Industrials | 5.6K | $1.1M | 0.1% | -20.0% |
| AMGN AMGEN INC | Healthcare | 2.5K | $883K | 0.1% | +1.0% |
| SYY SYSCO CORP | Consumer discretionary | 12.0K | $853K | 0.1% | -11.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 75 | $726.4M | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 77 | $774.4M | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 76 | $777.7M | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 77 | $736.7M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 78 | $673.1M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 81 | $721.1M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 81 | $710.6M | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 80 | $687.8M | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 82 | $636.5M | $K fixed canonical | SEC ↗ |
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