Stack Financial Management, Inc

Fundamental diversified ★Signal CIK 1308685
League rank
#921
in Fundamental diversified · #7357 overall
Long book
$1.36B
Q1 2026
Positions
52
Top-10 weight
50%
concentration
Last quarter
-1.9%
SPY +14.8%
Turnover
18%
of book per quarter

Strategy in plain words

auto-generated from filings

Stack Financial Management, Inc is a diversified fundamental manager, running a $1.36B US long book across 52 positions.

The portfolio is concentrated: the top 10 names carry 50% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: PROSHARES SHORT S&P500, WALMART INC, QUANTA SERVICES INC, MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL B.

Over the last 9 quarters its long book ran on average 1.8pp 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
-0.9%
Q2 2024
+8.3%
Q3 2024
-4.4%
Q4 2024
+4.4%
Q1 2025
+3.3%
Q2 2025
+6.0%
Q3 2025
+1.7%
Q4 2025
+7.5%
Q1 2026
-1.9%

Sector allocation

Industrials
18%
Utilities
16%
Energy
12%
Consumer discretionary
12%
Technology
11%
Healthcare
9%
Financials
9%
Consumer staples
5%

Long book by quarter

$1.09B
Q1 2024
$1.08B
Q2 2024
$1.11B
Q3 2024
$1.09B
Q4 2024
$1.20B
Q1 2025
$1.13B
Q2 2025
$1.21B
Q3 2025
$1.31B
Q4 2025
$1.36B
Q1 2026

What does Stack Financial own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
WMT WALMART INCConsumer discretionary1.0M$125.3M9.2%-1.0%
PWR QUANTA SERVICES INCIndustrials129.7K$71.2M5.2%+0.1%
MSFT MICROSOFT CORPTechnology185.1K$68.5M5.0%-18.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials119.2K$57.1M4.2%+0.4%
CVX CHEVRON CORPEnergy268.5K$55.5M4.1%-0.3%
LHX L3HARRIS TECHNOLOGIES INCTechnology141.4K$48.8M3.6%-0.3%
PSX PHILLIPS 66Energy217.3K$39.6M2.9%-0.1%
AEP AMERICAN ELECTRIC POWERUtilities281.4K$36.9M2.7%-0.4%
WPM WHEATON PRECIOUS METALS CORPMaterials266.2K$34.9M2.6%-22.5%
WM WASTE MANAGEMENT INCUtilities146.2K$33.6M2.5%+0.2%
CNP CENTERPOINT ENERGY INCUtilities719.1K$31.0M2.3%+0.2%
CBOE CBOE GLOBAL MARKETS INCFinancials102.8K$28.9M2.1%-0.8%
NEE NEXTERA ENERGY INCUtilities309.0K$28.7M2.1%+0.1%
EOG EOG RESOURCES INCEnergy196.6K$28.4M2.1%+0.5%
T AT&T INCCommunications950.2K$27.5M2.0%+0.5%
LMT LOCKHEED MARTIN CORPIndustrials42.7K$25.8M1.9%-1.7%
MRK MERCK & CO. INC.Healthcare209.6K$25.2M1.9%-0.3%
JNJ JOHNSON & JOHNSONHealthcare102.3K$25.0M1.8%-1.5%
DUK DUKE ENERGY CORPUtilities190.2K$24.9M1.8%+1.0%
KO COCA-COLA CO/THEConsumer staples317.7K$24.2M1.8%+0.5%
SYK STRYKER CORPHealthcare73.3K$24.1M1.8%+0.6%
COP CONOCOPHILLIPSEnergy180.8K$23.9M1.8%-0.2%
PCAR PACCAR INCIndustrials204.2K$23.6M1.7%-0.2%
UPS UNITED PARCEL SERVICE-CL BIndustrials219.2K$21.6M1.6%+57.6%
CAH CARDINAL HEALTH INCConsumer discretionary102.0K$21.6M1.6%-0.9%
EMR EMERSON ELECTRIC COIndustrials151.0K$19.8M1.5%-0.7%
CI THE CIGNA GROUPFinancials73.1K$19.5M1.4%+0.4%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples332.5K$19.2M1.4%+0.2%
LH LABCORP HOLDINGS INCHealthcare71.7K$19.1M1.4%+0.1%
PEP PEPSICO INCConsumer staples117.0K$18.2M1.3%+0.6%
BKR BAKER HUGHES COIndustrials287.4K$17.5M1.3%0.0%
CCK CROWN HOLDINGS INCIndustrials169.4K$17.0M1.2%New
AEE AMEREN CORPORATIONUtilities153.6K$16.9M1.2%+0.8%
DTE DTE ENERGY COMPANYUtilities111.2K$16.3M1.2%+0.9%
DOV DOVER CORPIndustrials75.1K$15.6M1.1%-1.7%
MDT MEDTRONIC PLCHealthcare174.7K$15.1M1.1%+0.7%
DHR DANAHER CORPTechnology76.6K$14.5M1.1%+0.3%
PG PROCTER & GAMBLE CO/THEOther93.5K$13.5M1.0%+0.6%
AEM AGNICO EAGLE MINES LTDMaterials66.3K$13.5M1.0%-63.1%
UNP UNION PACIFIC CORPIndustrials50.0K$12.1M0.9%+0.5%
NEM NEWMONT CORPMaterials64.9K$7.0M0.5%-41.5%
AAPL APPLE INCTechnology5.5K$1.4M0.1%-11.1%
GOOGL ALPHABET INC-CL ATechnology1.5K$426K0.0%-6.3%
GOOG ALPHABET INC-CL CTechnology1.3K$379K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 4, 202652$1.36B canonicalSEC ↗
Q4 202513F-HRFeb 3, 202659$1.31B canonicalSEC ↗
Q3 202513F-HRNov 3, 202551$1.21B canonicalSEC ↗
Q2 202513F-HRJul 25, 202549$1.13B canonicalSEC ↗
Q1 202513F-HRMay 2, 202553$1.20B canonicalSEC ↗
Q4 202413F-HRFeb 4, 202550$1.09B canonicalSEC ↗
Q3 202413F-HRNov 4, 202448$1.11B canonicalSEC ↗
Q2 202413F-HRAug 2, 202449$1.08B canonicalSEC ↗
Q1 202413F-HRMay 2, 202446$1.09B canonicalSEC ↗