Drexel Morgan & Co.
Long book
$681.8M
Q1 2026
Positions
60
Top-10 weight
70%
concentration
Last quarter
+4.3%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsDrexel Morgan & Co. is a concentrated fundamental stock-picker, running a $681.8M US long book across 60 positions.
The portfolio is concentrated: the top 10 names carry 70% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: AT&T INC, UNITED PARCEL SERVICE-CL B, JOHNSON & JOHNSON, JPMORGAN CHASE & CO, COCA-COLA CO/THE.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.3%
Q2 2024
+7.7%
Q3 2024
-0.2%
Q4 2024
+11.0%
Q1 2025
+3.7%
Q2 2025
+6.8%
Q3 2025
+5.0%
Q4 2025
+1.1%
Q1 2026
+4.3%
Sector allocation
Industrials 23%
Communications 20%
Financials 13%
Healthcare 12%
Technology 10%
Consumer staples 9%
Energy 5%
Materials 4%
Long book by quarter
What does Drexel Morgan own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| T AT&T INC | Communications | 4.3M | $125.3M | 18.4% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 812.4K | $79.9M | 11.7% | +14.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 216.2K | $52.8M | 7.8% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 163.6K | $48.1M | 7.1% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 456.4K | $34.7M | 5.1% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 139.7K | $33.9M | 5.0% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 95.9K | $29.0M | 4.3% | Held |
| CLF CLEVELAND-CLIFFS INC | Materials | 3.4M | $28.7M | 4.2% | +15.0% |
| F FORD MOTOR CO | Industrials | 2.1M | $24.2M | 3.6% | Held |
| CPB THE CAMPBELL'S COMPANY | Consumer staples | 1.0M | $22.3M | 3.3% | New |
| CAT CATERPILLAR INC | Industrials | 27.9K | $19.8M | 2.9% | Held |
| SLB SLB LTD | Energy | 345.4K | $17.8M | 2.6% | Held |
| MRK MERCK & CO. INC. | Healthcare | 132.3K | $15.9M | 2.3% | Held |
| DE DEERE & CO | Industrials | 28.1K | $15.8M | 2.3% | Held |
| XOM EXXON MOBIL CORP | Energy | 68.7K | $11.7M | 1.7% | Held |
| DIS WALT DISNEY CO/THE | Services media | 116.7K | $11.2M | 1.6% | Held |
| AAPL APPLE INC | Technology | 44.3K | $11.2M | 1.6% | Held |
| MSFT MICROSOFT CORP | Technology | 30.1K | $11.2M | 1.6% | Held |
| WASH WASHINGTON TRUST BANCORP | Financials | 300.8K | $10.1M | 1.5% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 105.0K | $5.3M | 0.8% | Held |
| UNP UNION PACIFIC CORP | Industrials | 19.4K | $4.7M | 0.7% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 29.6K | $4.3M | 0.6% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 29.9K | $3.9M | 0.6% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 12.6K | $3.9M | 0.6% | Held |
| NVDA NVIDIA CORP | Technology | 21.8K | $3.8M | 0.6% | +84.7% |
| RTX RTX CORP | Industrials | 19.3K | $3.7M | 0.5% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 34.2K | $3.5M | 0.5% | Held |
| MMM 3M CO | Healthcare | 23.1K | $3.4M | 0.5% | Held |
| KD KYNDRYL HOLDINGS INC | Technology | 200.0K | $2.6M | 0.4% | +100.0% |
| CL COLGATE-PALMOLIVE CO | Other | 28.8K | $2.5M | 0.4% | Held |
| TRI4EUR THOMSON REUTERS CORP | — | 25.0K | $2.2M | 0.3% | New |
| LLY ELI LILLY & CO | Healthcare | 2.1K | $2.0M | 0.3% | Held |
| MDT MEDTRONIC PLC | Healthcare | 21.5K | $1.9M | 0.3% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 3.3K | $1.1M | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 3.5K | $724K | 0.1% | Held |
| DD DUPONT DE NEMOURS INC | Materials | 14.3K | $653K | 0.1% | Held |
| HWM HOWMET AEROSPACE INC | Industrials | 2.5K | $576K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 6.7K | $537K | 0.1% | Held |
| CARR CARRIER GLOBAL CORP | Industrials | 8.6K | $483K | 0.1% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 1.5K | $437K | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 2.7K | $419K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.9K | $413K | 0.1% | Held |
| Q QNITY ELECTRONICS INC | Technology | 3.3K | $378K | 0.1% | -23.4% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 4.3K | $331K | 0.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.4K | $292K | 0.0% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 3.6K | $283K | 0.0% | Held |
| AMGN AMGEN INC | Healthcare | 750 | $264K | 0.0% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 1.1K | $255K | 0.0% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 500 | $240K | 0.0% | Held |
| WMB WILLIAMS COS INC | Utilities | 3.0K | $218K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 60 | $681.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 57 | $638.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 56 | $636.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 56 | $563.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 54 | $476.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 55 | $484.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 55 | $538.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 53 | $466.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 52 | $485.7M | canonical | SEC ↗ |
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