PIONEER TRUST BANK N A/OR
Long book
$412.1M
Q1 2026
Positions
83
Top-10 weight
46%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsPIONEER TRUST BANK N A/OR is a diversified fundamental manager, running a $412.1M US long book across 83 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL C, SS SPDR S&P 500 ETF TRUST-US.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 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
+2.2%
Q2 2024
+7.1%
Q3 2024
+0.6%
Q4 2024
-3.2%
Q1 2025
+5.3%
Q2 2025
+8.3%
Q3 2025
+2.6%
Q4 2025
-5.8%
Q1 2026
+10.0%
Sector allocation
Technology 36%
Financials 15%
Industrials 12%
Consumer discretionary 9%
Healthcare 8%
Services media 6%
Energy 5%
Other 3%
Long book by quarter
What does PIONEER TRUST own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 121.8K | $30.9M | 7.5% | +1.1% |
| MSFT MICROSOFT CORP | Technology | 69.9K | $25.9M | 6.3% | +3.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 51.5K | $24.7M | 6.0% | +1.7% |
| GOOG ALPHABET INC-CL C | Technology | 75.0K | $21.5M | 5.2% | -8.9% |
| VMI VALMONT INDUSTRIES | Industrials | 43.3K | $17.3M | 4.2% | -4.6% |
| JPM JPMORGAN CHASE & CO | Financials | 46.4K | $13.6M | 3.3% | +1.1% |
| NVDA NVIDIA CORP | Technology | 72.4K | $12.6M | 3.1% | +4.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 60.1K | $12.5M | 3.0% | -1.7% |
| ORCL ORACLE CORP | Technology | 76.2K | $11.2M | 2.7% | -5.2% |
| CSCO CISCO SYSTEMS INC | Technology | 134.5K | $10.4M | 2.5% | +5.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 40.6K | $9.9M | 2.4% | +0.1% |
| XOM EXXON MOBIL CORP | Energy | 55.5K | $9.4M | 2.3% | -2.2% |
| BLK BLACKROCK INC | Financials | 9.7K | $9.4M | 2.3% | +2.3% |
| CVX CHEVRON CORP | Energy | 45.0K | $9.3M | 2.3% | 0.0% |
| LLY ELI LILLY & CO | Healthcare | 9.7K | $8.9M | 2.2% | -4.7% |
| V VISA INC-CLASS A SHARES | Services media | 29.2K | $8.8M | 2.1% | +3.5% |
| ACN ACCENTURE PLC-CL A | Services media | 43.2K | $8.6M | 2.1% | +3.6% |
| PEP PEPSICO INC | Consumer staples | 52.2K | $8.1M | 2.0% | +1.2% |
| NEE NEXTERA ENERGY INC | Utilities | 85.4K | $7.9M | 1.9% | -3.8% |
| ITW ILLINOIS TOOL WORKS | Industrials | 29.2K | $7.6M | 1.8% | +0.6% |
| RTX RTX CORP | Industrials | 37.0K | $7.1M | 1.7% | -4.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 25.2K | $6.8M | 1.7% | +0.9% |
| LOW LOWE'S COS INC | Consumer discretionary | 28.4K | $6.7M | 1.6% | +3.2% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 28.9K | $6.5M | 1.6% | -0.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 45.2K | $6.5M | 1.6% | +2.6% |
| TJX TJX COMPANIES INC | Consumer discretionary | 40.7K | $6.5M | 1.6% | +4.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 60.2K | $6.2M | 1.5% | +2.3% |
| DHR DANAHER CORP | Technology | 29.7K | $5.6M | 1.4% | +0.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 17.3K | $5.4M | 1.3% | +0.9% |
| GOOGL ALPHABET INC-CL A | Technology | 18.0K | $5.2M | 1.3% | -5.1% |
| DIS WALT DISNEY CO/THE | Services media | 52.4K | $5.1M | 1.2% | -0.3% |
| CRM SALESFORCE INC | Technology | 24.6K | $4.6M | 1.1% | -0.8% |
| T AT&T INC | Communications | 145.9K | $4.2M | 1.0% | +7.7% |
| NKE NIKE INC -CL B | Other | 74.1K | $3.9M | 0.9% | +10.7% |
| ETN EATON CORP PLC | Industrials | 10.5K | $3.8M | 0.9% | +68.6% |
| APH AMPHENOL CORP-CL A | Technology | 27.3K | $3.4M | 0.8% | +86.1% |
| ADBE ADOBE INC | Technology | 12.6K | $3.1M | 0.7% | -0.6% |
| WMT WALMART INC | Consumer discretionary | 19.1K | $2.4M | 0.6% | -1.8% |
| NFLX NETFLIX INC | Services media | 21.7K | $2.1M | 0.5% | New |
| AMGN AMGEN INC | Healthcare | 5.2K | $1.8M | 0.4% | +1.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.7K | $1.7M | 0.4% | -0.3% |
| USB US BANCORP | Financials | 25.9K | $1.3M | 0.3% | +12.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 2.0K | $1.2M | 0.3% | Held |
| SBUX STARBUCKS CORP | Consumer discretionary | 11.4K | $1.0M | 0.2% | Held |
| CSX CSX CORP | Industrials | 23.4K | $962K | 0.2% | +0.2% |
| KO COCA-COLA CO/THE | Consumer staples | 12.6K | $961K | 0.2% | -0.7% |
| MRK MERCK & CO. INC. | Healthcare | 7.5K | $903K | 0.2% | +9.1% |
| ABBV ABBVIE INC | Healthcare | 4.1K | $894K | 0.2% | -0.6% |
| AXP AMERICAN EXPRESS CO | Financials | 2.6K | $799K | 0.2% | +1.5% |
| UNP UNION PACIFIC CORP | Industrials | 3.2K | $773K | 0.2% | +0.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 134 | $412.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 125 | $430.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 128 | $426.8M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 125 | $391.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 129 | $379.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 129 | $397.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 125 | $391.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 125 | $370.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 124 | $359.5M | canonical | SEC ↗ |
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