Orion Investment Co
Long book
$315.1M
Q1 2026
Positions
69
Top-10 weight
55%
concentration
Last quarter
+10.1%
SPY +14.8%
Turnover
1%
of book per quarter
Strategy in plain words
auto-generated from filingsOrion Investment Co is a diversified fundamental manager, running a $315.1M US long book across 69 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, REGENERON PHARMACEUTICALS, PALANTIR TECHNOLOGIES INC-A, IONIS PHARMACEUTICALS INC, QUALCOMM INC.
Over the last 8 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 8 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
Q2 2024
+1.2%
Q3 2024
-3.7%
Q4 2024
-6.1%
Q1 2025
+12.1%
Q2 2025
+14.6%
Q3 2025
+3.3%
Q4 2025
-5.2%
Q1 2026
+10.1%
Sector allocation
Technology 36%
Healthcare 24%
Industrials 15%
Utilities 6%
Energy 5%
Financials 3%
Materials 3%
Consumer staples 3%
Long book by quarter
What does Orion Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 106.9K | $39.6M | 12.6% | +1.3% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 30.8K | $23.8M | 7.6% | +0.1% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 134.8K | $19.7M | 6.3% | +0.2% |
| IONS IONIS PHARMACEUTICALS INC | Healthcare | 225.0K | $16.9M | 5.4% | -0.1% |
| QCOM QUALCOMM INC | Technology | 121.1K | $15.6M | 4.9% | +0.4% |
| XOM EXXON MOBIL CORP | Energy | 84.8K | $14.4M | 4.6% | 0.0% |
| PH PARKER HANNIFIN CORP | Industrials | 14.0K | $12.5M | 4.0% | +1.8% |
| CMI CUMMINS INC | Industrials | 22.9K | $12.3M | 3.9% | +0.7% |
| NEE NEXTERA ENERGY INC | Utilities | 104.1K | $9.7M | 3.1% | +1.3% |
| PG PROCTER & GAMBLE CO/THE | Other | 59.6K | $8.6M | 2.7% | +0.9% |
| HSY HERSHEY CO/THE | Consumer staples | 39.0K | $8.1M | 2.6% | +1.5% |
| IONQ IONQ INC | Technology | 278.8K | $8.0M | 2.6% | +0.6% |
| RGLD ROYAL GOLD INC | Financials | 29.9K | $7.6M | 2.4% | +0.3% |
| BIIB BIOGEN INC | Healthcare | 39.6K | $7.3M | 2.3% | +0.5% |
| IOVA IOVANCE BIOTHERAPEUTICS INC | Healthcare | 2.1M | $7.3M | 2.3% | +11.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 5.4K | $7.1M | 2.3% | +0.8% |
| GD GENERAL DYNAMICS CORP | Industrials | 19.8K | $6.8M | 2.2% | -0.4% |
| INTC INTEL CORP | Technology | 150.1K | $6.6M | 2.1% | +0.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 62.6K | $6.4M | 2.0% | -1.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 50.0K | $5.9M | 1.9% | +1.1% |
| CCJ CAMECO CORP | Materials | 54.6K | $5.9M | 1.9% | +4.5% |
| HII HUNTINGTON INGALLS INDUSTRIE | Industrials | 12.5K | $4.8M | 1.5% | +0.3% |
| ARWR ARROWHEAD PHARMACEUTICALS IN | Healthcare | 62.5K | $3.9M | 1.2% | +34.9% |
| AAPL APPLE INC | Technology | 14.4K | $3.6M | 1.2% | Held |
| ATO ATMOS ENERGY CORP | Utilities | 18.9K | $3.5M | 1.1% | +1.3% |
| NEM NEWMONT CORP | Materials | 28.1K | $3.0M | 1.0% | -0.2% |
| CDNS CADENCE DESIGN SYS INC | Technology | 10.9K | $3.0M | 1.0% | +2.0% |
| MRK MERCK & CO. INC. | Healthcare | 20.6K | $2.5M | 0.8% | Held |
| RGTI RIGETTI COMPUTING INC | Technology | 162.7K | $2.3M | 0.7% | +0.9% |
| NOW SERVICENOW INC | Technology | 20.8K | $2.2M | 0.7% | +73.7% |
| PANW PALO ALTO NETWORKS INC | Technology | 10.8K | $1.7M | 0.5% | +2.8% |
| UNP UNION PACIFIC CORP | Industrials | 7.0K | $1.7M | 0.5% | +498.0% |
| SR SPIRE INC | Utilities | 17.7K | $1.6M | 0.5% | Held |
| EFX EQUIFAX INC | Services media | 8.9K | $1.6M | 0.5% | Held |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 42.1K | $1.6M | 0.5% | +19.0% |
| AVGO BROADCOM INC | Technology | 5.1K | $1.6M | 0.5% | +30.4% |
| AEE AMEREN CORPORATION | Utilities | 13.2K | $1.5M | 0.5% | -0.9% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 22.6K | $1.4M | 0.4% | +1.8% |
| IBOC INTERNATIONAL BANCSHARES CRP | Financials | 5.6K | $1.4M | 0.4% | Held |
| ABBV ABBVIE INC | Healthcare | 6.1K | $1.3M | 0.4% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 4.4K | $1.3M | 0.4% | Held |
| ARLP ALLIANCE RESOURCE PARTNERS | Materials | 44.2K | $1.2M | 0.4% | +28.2% |
| EMR EMERSON ELECTRIC CO | Industrials | 9.2K | $1.2M | 0.4% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 4.9K | $1.2M | 0.4% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.9K | $1.0M | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.6K | $756K | 0.2% | -6.0% |
| GOOG ALPHABET INC-CL C | Technology | 2.4K | $691K | 0.2% | Held |
| CBSH COMMERCE BANCSHARES INC | Financials | 11.8K | $581K | 0.2% | Held |
| SO SOUTHERN CO/THE | Utilities | 5.8K | $564K | 0.2% | Held |
| WMT WALMART INC | Consumer discretionary | 4.5K | $560K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 69 | $315.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 68 | $328.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 70 | $314.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 70 | $282.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 68 | $244.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 65 | $250.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 66 | $257.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 64 | $251.0M | canonical | SEC ↗ |
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