Franklin, Parlapiano, Turner & Welch, LLC
Long book
$419.7M
Q1 2026
Positions
55
Top-10 weight
62%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsFranklin, Parlapiano, Turner & Welch, LLC is a wealth-management firm allocating client money, running a $419.7M US long book across 55 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD S&P 500 ETF, ISHARS RES AND MULTI REALES, VANGUARD INTERMEDIATE-TERM B, ISHARES RUSSELL 1000 ETF, VANGUARD FTSE DEVELOPED ETF.
Over the last 9 quarters its long book ran on average 1.6pp 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
+0.5%
Q2 2024
+7.9%
Q3 2024
-2.7%
Q4 2024
+0.8%
Q1 2025
+3.3%
Q2 2025
+5.6%
Q3 2025
+1.5%
Q4 2025
+0.7%
Q1 2026
+8.8%
Sector allocation
Industrials 17%
Technology 15%
Healthcare 15%
Energy 12%
Financials 9%
Services media 8%
Other 8%
Utilities 5%
Long book by quarter
What does Franklin, Parlapiano, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| HUBB HUBBELL INC | Technology | 21.5K | $12.0M | 2.9% | -3.6% |
| XOM EXXON MOBIL CORP | Energy | 72.3K | $10.9M | 2.6% | -17.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 44.8K | $10.3M | 2.5% | -6.9% |
| RTX RTX CORP | Industrials | 57.6K | $10.3M | 2.5% | -5.7% |
| MSFT MICROSOFT CORP | Technology | 22.9K | $9.5M | 2.3% | +1.0% |
| WEC WEC ENERGY GROUP INC | Utilities | 80.6K | $9.3M | 2.2% | -1.1% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 62.0K | $9.3M | 2.2% | -5.7% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 29.0K | $8.8M | 2.1% | +0.7% |
| V VISA INC-CLASS A SHARES | Services media | 28.1K | $8.7M | 2.1% | +0.5% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 74.5K | $8.5M | 2.0% | -0.8% |
| HLI HOULIHAN LOKEY INC | Financials | 53.0K | $8.4M | 2.0% | +1.6% |
| PEP PEPSICO INC | Consumer staples | 51.5K | $8.0M | 1.9% | -1.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 50.4K | $7.3M | 1.7% | +0.3% |
| BDX BECTON DICKINSON AND CO | Healthcare | 47.3K | $7.3M | 1.7% | +23.9% |
| MDT MEDTRONIC PLC | Healthcare | 84.8K | $7.1M | 1.7% | -0.3% |
| MRSH MARSH & MCLENNAN COS | Financials | 39.8K | $6.9M | 1.7% | +10.1% |
| ACN ACCENTURE PLC-CL A | Services media | 31.5K | $5.6M | 1.3% | +13.2% |
| CPW CHECK POINT SOFTWARE TECH | — | 40.5K | $5.4M | 1.3% | +14.0% |
| COP CONOCOPHILLIPS | Energy | 41.2K | $5.1M | 1.2% | +29.2% |
| PSX PHILLIPS 66 | Energy | 24.2K | $3.9M | 0.9% | +1.7% |
| AAPL APPLE INC | Technology | 10.6K | $2.9M | 0.7% | Held |
| WMT WALMART INC | Consumer discretionary | 9.5K | $1.3M | 0.3% | Held |
| NVDA NVIDIA CORP | Technology | 4.6K | $923K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 2.5K | $861K | 0.2% | Held |
| LLY ELI LILLY & CO | Healthcare | 594 | $545K | 0.1% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 6.0K | $506K | 0.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.8K | $450K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 2.2K | $432K | 0.1% | Held |
| CAT CATERPILLAR INC | Industrials | 500 | $418K | 0.1% | Held |
| GEV GE VERNOVA INC | Industrials | 280 | $322K | 0.1% | New |
| GE GENERAL ELECTRIC | Industrials | 1.1K | $317K | 0.1% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 832 | $252K | 0.1% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 503 | $242K | 0.1% | New |
| JPM JPMORGAN CHASE & CO | Financials | 741 | $231K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.1K | $209K | 0.0% | -13.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 55 | $419.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 22, 2026 | 52 | $402.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 53 | $395.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 51 | $383.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 50 | $370.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 50 | $369.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 22, 2024 | 53 | $387.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 50 | $360.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 51 | $363.7M | canonical | SEC ↗ |