Talbot Financial, LLC
Long book
$1.19B
Q1 2026
Positions
66
Top-10 weight
48%
concentration
Last quarter
+13.9%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsTalbot Financial, LLC is a diversified fundamental manager, running a $1.19B US long book across 66 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, MICROSOFT CORP, ALPHABET INC-CL C, AMAZON.COM INC, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 4 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
+4.6%
Q2 2024
+3.5%
Q3 2024
+3.1%
Q4 2024
-4.0%
Q1 2025
+10.8%
Q2 2025
+6.9%
Q3 2025
+3.7%
Q4 2025
-4.7%
Q1 2026
+13.9%
Sector allocation
Technology 45%
Healthcare 14%
Financials 14%
Consumer discretionary 9%
Industrials 5%
Services media 4%
Other 3%
Energy 3%
Long book by quarter
What does Talbot Financial, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 426.2K | $108.2M | 9.1% | +1.4% |
| MSFT MICROSOFT CORP | Technology | 265.8K | $98.4M | 8.3% | +7.3% |
| GOOG ALPHABET INC-CL C | Technology | 212.8K | $61.0M | 5.1% | +0.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 287.2K | $59.8M | 5.0% | +2.3% |
| NVDA NVIDIA CORP | Technology | 342.6K | $59.7M | 5.0% | +11.6% |
| AMAT APPLIED MATERIALS INC | Technology | 141.2K | $48.3M | 4.1% | -9.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 47.7K | $40.3M | 3.4% | +1.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 139.8K | $34.2M | 2.9% | +0.4% |
| LLY ELI LILLY & CO | Healthcare | 36.0K | $33.1M | 2.8% | +0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 111.3K | $32.7M | 2.8% | +2.7% |
| CVX CHEVRON CORP | Energy | 157.9K | $32.7M | 2.7% | +1.4% |
| ABBV ABBVIE INC | Healthcare | 127.1K | $27.6M | 2.3% | +4.4% |
| GEV GE VERNOVA INC | Industrials | 26.6K | $23.2M | 2.0% | +3.9% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 242.2K | $22.8M | 1.9% | +26.4% |
| CB CHUBB LTD | Financials | 69.7K | $22.7M | 1.9% | +1.1% |
| NOC NORTHROP GRUMMAN CORP | Technology | 31.4K | $21.4M | 1.8% | +0.4% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 94.3K | $21.3M | 1.8% | +1.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 21.1K | $21.0M | 1.8% | +0.6% |
| AVGO BROADCOM INC | Technology | 67.3K | $20.8M | 1.8% | +1.3% |
| AMGN AMGEN INC | Healthcare | 59.2K | $20.8M | 1.7% | +0.9% |
| V VISA INC-CLASS A SHARES | Services media | 68.1K | $20.6M | 1.7% | +3.7% |
| MRK MERCK & CO. INC. | Healthcare | 157.2K | $18.9M | 1.6% | +1.4% |
| INTU INTUIT INC | Technology | 43.6K | $18.8M | 1.6% | +11.4% |
| SYK STRYKER CORP | Healthcare | 57.3K | $18.8M | 1.6% | +3.0% |
| CSCO CISCO SYSTEMS INC | Technology | 237.3K | $18.4M | 1.5% | +1.2% |
| CRM SALESFORCE INC | Technology | 97.5K | $18.2M | 1.5% | +7.8% |
| NFLX NETFLIX INC | Services media | 185.4K | $17.8M | 1.5% | +5.9% |
| HD HOME DEPOT INC | Consumer discretionary | 51.9K | $17.1M | 1.4% | +1.5% |
| MDT MEDTRONIC PLC | Healthcare | 193.0K | $16.7M | 1.4% | +2.2% |
| SNPS SYNOPSYS INC | Technology | 37.3K | $14.8M | 1.2% | +5.2% |
| BLK BLACKROCK INC | Financials | 15.3K | $14.7M | 1.2% | +4.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 101.3K | $14.6M | 1.2% | +11.0% |
| EMR EMERSON ELECTRIC CO | Industrials | 106.4K | $13.9M | 1.2% | +1.0% |
| TRV TRAVELERS COS INC/THE | Financials | 47.3K | $13.8M | 1.2% | +1.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 27.2K | $13.4M | 1.1% | +2.6% |
| T AT&T INC | Communications | 446.6K | $12.9M | 1.1% | +5.8% |
| ROK ROCKWELL AUTOMATION INC | Other | 33.3K | $11.9M | 1.0% | +2.2% |
| PANW PALO ALTO NETWORKS INC | Technology | 73.1K | $11.7M | 1.0% | New |
| NOW SERVICENOW INC | Technology | 111.1K | $11.6M | 1.0% | +16.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 69.9K | $11.6M | 1.0% | +3.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 35.8K | $11.1M | 0.9% | +1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 18.5K | $10.6M | 0.9% | +3.5% |
| WFC WELLS FARGO & CO | Financials | 122.4K | $9.7M | 0.8% | +4.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 130.5K | $9.4M | 0.8% | +4.0% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 40.9K | $8.9M | 0.7% | +6.0% |
| FFIV F5 INC | Technology | 13.9K | $4.0M | 0.3% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 13.9K | $4.0M | 0.3% | -0.3% |
| WAFD WAFD INC | Financials | 80.9K | $2.5M | 0.2% | +4.3% |
| XOM EXXON MOBIL CORP | Energy | 13.0K | $2.2M | 0.2% | Held |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 3.2K | $1.0M | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 66 | $1.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 68 | $1.21B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 8, 2025 | 67 | $1.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 64 | $1.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 63 | $798.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 65 | $840.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 8, 2024 | 61 | $821.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 11, 2024 | 58 | $774.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 18, 2024 | 60 | $747.4M | canonical | SEC ↗ |
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