Front Street Capital Management, Inc.

Fundamental diversified ★Signal CIK 1683182
League rank
#183
in Fundamental diversified · #770 overall
Long book
$753.9M
Q1 2026
Positions
73
Top-10 weight
58%
concentration
Last quarter
+18.3%
SPY +14.8%
Turnover
5%
of book per quarter

Strategy in plain words

auto-generated from filings

Front Street Capital Management, Inc. is a diversified fundamental manager, running a $753.9M US long book across 73 positions.

The portfolio is concentrated: the top 10 names carry 58% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CENTURYLINK INC, COGNEX CORP, General Electric Company, GE VERNOVA INC, VANGUARD S&P 500 ETF.

Over the last 9 quarters its long book ran on average 2.3pp per quarter ahead of the S&P 500, beating the index in 6 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
-0.9%
Q2 2024
+6.0%
Q3 2024
-3.1%
Q4 2024
-4.6%
Q1 2025
+12.7%
Q2 2025
+12.0%
Q3 2025
+8.9%
Q4 2025
+11.5%
Q1 2026
+18.3%

Sector allocation

Industrials
36%
Technology
25%
Other
21%
Healthcare
6%
Financials
5%
Consumer discretionary
3%
Real estate
3%
Services media
1%

Long book by quarter

$532.3M
Q1 2024
$521.7M
Q2 2024
$618.1M
Q3 2024
$575.7M
Q4 2024
$524.3M
Q1 2025
$521.9M
Q2 2025
$648.0M
Q3 2025
$704.3M
Q4 2025
$753.9M
Q1 2026

What does Front Street own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CTLEUR CENTURYLINK INC12.6M$87.5M11.6%+3.9%
CGNX COGNEX CORPTechnology1.3M$64.8M8.6%+1.0%
GE General Electric CompanyIndustrials195.0K$55.3M7.3%-6.2%
GEV GE VERNOVA INCIndustrials46.2K$40.3M5.3%-12.2%
MTW MANITOWOC COMPANY INCIndustrials3.3M$38.7M5.1%+1.8%
LITE LUMENTUM HOLDINGS INCTechnology74.9K$36.7M4.9%-21.6%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials60.1K$28.8M3.8%-10.1%
CIEN CIENA CORPTechnology59.6K$23.1M3.1%-30.9%
GLW CORNING INCIndustrials169.9K$23.1M3.1%-16.7%
DHR DANAHER CORPTechnology118.5K$22.5M3.0%-0.9%
BAX BAXTER INTERNATIONAL INCHealthcare1.3M$22.2M3.0%+176.6%
COHR COHERENT CORPOther87.1K$20.7M2.8%-11.7%
IP INTERNATIONAL PAPER COOther561.0K$20.0M2.7%+144.1%
AZTA AZENTA INCIndustrials889.0K$18.8M2.5%+211.7%
JOE ST JOE CO/THEReal estate283.0K$17.8M2.4%-14.3%
COST COSTCO WHOLESALE CORPConsumer discretionary17.3K$17.3M2.3%-21.5%
ENOV ENOVIS CORPHealthcare746.1K$17.0M2.3%+106.1%
MOD MODINE MANUFACTURING COIndustrials72.7K$15.8M2.1%-2.8%
ESAB ESAB CORPIndustrials153.5K$14.8M2.0%-0.9%
TEX TEREX CORPIndustrials222.1K$13.1M1.7%-7.1%
NUE NUCOR CORPIndustrials76.5K$12.9M1.7%-11.4%
MLKN MILLERKNOLL INCOther702.1K$10.2M1.3%-0.3%
HNI HNI CORPOther252.5K$8.4M1.1%+317.7%
AAPL APPLE INCTechnology29.9K$7.6M1.0%-1.4%
ATS ATS CORPIndustrials261.1K$7.4M1.0%-9.0%
VNT VONTIER CORPTechnology174.5K$6.2M0.8%-5.0%
PH PARKER HANNIFIN CORPIndustrials6.4K$5.7M0.8%-9.1%
GEHC GE HEALTHCARE TECHNOLOGYHealthcare69.4K$4.9M0.7%-0.6%
GPN GLOBAL PAYMENTS INCServices media62.9K$4.2M0.6%+2.0%
VLTO VERALTO CORPTechnology41.3K$3.7M0.5%0.0%
MSFT MICROSOFT CORPTechnology9.5K$3.5M0.5%+2.4%
CMCO COLUMBUS MCKINNON CORP/NYIndustrials212.1K$3.1M0.4%-0.8%
MKL MARKEL GROUP INCFinancials1.6K$3.0M0.4%+4.6%
MCD MCDONALD'S CORPConsumer discretionary8.9K$2.8M0.4%+0.4%
PG PROCTER & GAMBLE CO/THEOther10.7K$1.5M0.2%-1.5%
AMD ADVANCED MICRO DEVICESTechnology7.2K$1.5M0.2%Held
GOOGL ALPHABET INC-CL ATechnology4.8K$1.4M0.2%+58.5%
NVDA NVIDIA CORPTechnology7.9K$1.4M0.2%-0.5%
EXPD EXPEDITORS INTL WASH INCIndustrials9.4K$1.4M0.2%-13.9%
TILE INTERFACE INCOther48.1K$1.2M0.2%-26.0%
GOOG ALPHABET INC-CL CTechnology3.9K$1.1M0.1%-30.8%
PGR PROGRESSIVE CORPFinancials5.2K$1.0M0.1%+133.9%
GBCI GLACIER BANCORP INCFinancials19.3K$864K0.1%Held
CVX CHEVRON CORPEnergy3.4K$706K0.1%+0.3%
SBUX STARBUCKS CORPConsumer discretionary7.7K$690K0.1%-1.3%
PYPL PAYPAL HOLDINGS INCServices media14.8K$667K0.1%+9.7%
AMZN AMAZON.COM INCConsumer discretionary3.0K$632K0.1%+0.7%
BAC BANK OF AMERICA CORPFinancials12.4K$606K0.1%-3.4%
KO COCA-COLA CO/THEConsumer staples6.8K$518K0.1%-3.0%
ROL ROLLINS INCServices media9.3K$494K0.1%-2.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 21, 202673$753.9M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 18, 202673$704.3M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 14, 202572$648.0M $K fixed canonicalSEC ↗
Q2 202513F-HRAug 15, 202570$521.9M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 16, 202563$524.3M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 13, 202568$575.7M $K fixed canonicalSEC ↗
Q3 202413F-HRNov 13, 202467$618.1M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 14, 202472$521.7M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 14, 202470$532.32B $K fixed canonicalSEC ↗