Millstone Evans Group, LLC
Long book
$166.6M
Q1 2026
Positions
856
Top-10 weight
36%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsMillstone Evans Group, LLC is an institutional manager, running a $166.6M US long book across 856 positions.
The portfolio is moderately concentrated (top 10 ≈ 36% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, NVIDIA CORP, MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL C.
Over the last 6 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-3.1%
Q1 2025
+9.4%
Q2 2025
+9.6%
Q3 2025
+2.0%
Q4 2025
-3.1%
Q1 2026
+12.4%
Sector allocation
Technology 45%
Financials 15%
Industrials 10%
Healthcare 9%
Consumer discretionary 7%
Other 3%
Services media 2%
Energy 2%
Long book by quarter
What does Millstone Evans own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 56.8K | $14.4M | 8.6% | 0.0% |
| NVDA NVIDIA CORP | Technology | 79.8K | $13.9M | 8.4% | -1.2% |
| MSFT MICROSOFT CORP | Technology | 17.3K | $6.4M | 3.8% | 0.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 10.6K | $5.1M | 3.1% | -0.5% |
| GOOG ALPHABET INC-CL C | Technology | 12.7K | $3.6M | 2.2% | +0.2% |
| JPM JPMORGAN CHASE & CO | Financials | 11.4K | $3.3M | 2.0% | +0.5% |
| ORCL ORACLE CORP | Technology | 21.6K | $3.2M | 1.9% | -0.2% |
| RJF RAYMOND JAMES FINANCIAL INC | Financials | 19.3K | $2.8M | 1.7% | +1.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 10.3K | $2.5M | 1.5% | +0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 8.6K | $2.5M | 1.5% | -0.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 10.0K | $2.1M | 1.2% | -10.4% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 8.1K | $2.0M | 1.2% | 0.0% |
| MRK MERCK & CO. INC. | Healthcare | 13.6K | $1.6M | 1.0% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 6.6K | $1.6M | 1.0% | +0.5% |
| GE GENERAL ELECTRIC | Industrials | 5.3K | $1.5M | 0.9% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 3.0K | $1.5M | 0.9% | Held |
| GEV GE VERNOVA INC | Industrials | 1.3K | $1.1M | 0.7% | Held |
| LLY ELI LILLY & CO | Healthcare | 1.2K | $1.1M | 0.6% | +5.8% |
| SBUX STARBUCKS CORP | Consumer discretionary | 11.9K | $1.1M | 0.6% | +0.5% |
| PG PROCTER & GAMBLE CO/THE | Other | 6.9K | $1.0M | 0.6% | +1.2% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 3.3K | $955K | 0.6% | Held |
| WAT WATERS CORP | Healthcare | 3.1K | $933K | 0.6% | +0.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 928 | $925K | 0.6% | Held |
| CVX CHEVRON CORP | Energy | 4.2K | $869K | 0.5% | +1.5% |
| XOM EXXON MOBIL CORP | Energy | 4.7K | $806K | 0.5% | -1.8% |
| CSCO CISCO SYSTEMS INC | Technology | 10.2K | $793K | 0.5% | +0.4% |
| PEP PEPSICO INC | Consumer staples | 5.1K | $789K | 0.5% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 3.7K | $757K | 0.5% | Held |
| MMM 3M CO | Healthcare | 5.2K | $752K | 0.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 2.4K | $735K | 0.4% | -2.3% |
| GLW CORNING INC | Industrials | 5.4K | $733K | 0.4% | +1.3% |
| AXP AMERICAN EXPRESS CO | Financials | 2.3K | $708K | 0.4% | Held |
| T AT&T INC | Communications | 23.7K | $687K | 0.4% | +2.3% |
| ABBV ABBVIE INC | Healthcare | 3.1K | $671K | 0.4% | +1.6% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 3.2K | $664K | 0.4% | +1.2% |
| BAC BANK OF AMERICA CORP | Financials | 13.2K | $641K | 0.4% | -1.4% |
| WMT WALMART INC | Consumer discretionary | 5.1K | $630K | 0.4% | Held |
| SYK STRYKER CORP | Healthcare | 1.8K | $589K | 0.4% | Held |
| UBSI UNITED BANKSHARES INC | Financials | 13.3K | $552K | 0.3% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 10.6K | $531K | 0.3% | -6.5% |
| FLEX FLEX LTD | Technology | 7.6K | $499K | 0.3% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.5K | $476K | 0.3% | +2.5% |
| CRM SALESFORCE INC | Technology | 2.5K | $461K | 0.3% | Held |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 3.4K | $449K | 0.3% | Held |
| KVUE KENVUE INC | Other | 25.0K | $432K | 0.3% | Held |
| DE DEERE & CO | Industrials | 752 | $424K | 0.3% | +1.8% |
| TGT TARGET CORP | Consumer discretionary | 3.4K | $414K | 0.2% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $406K | 0.2% | +1.8% |
| MDT MEDTRONIC PLC | Healthcare | 4.6K | $396K | 0.2% | -4.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 3.0K | $392K | 0.2% | -1.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 856 | $166.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 857 | $170.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 834 | $157.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 763 | $146.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 797 | $147.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 732 | $146.7M | canonical | SEC ↗ |
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