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Portfolio (Quarterly) Guide ↗

BROWN, LISLE/CUMMINGS, INC.

· CIK 0000014745
13F Portfolio $406M AUM Filed Jan 23, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 742 New
Page 2 of 38  ·  742 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BIL SPDR SERIES TRUST 49,096.0 $4.5M 1.10% NEW $91.38 +0.2%
22 VEEV VEEVA SYS INC Healthcare 18,763.0 $4.2M 1.03% NEW $223.23 -26.6%
23 ARCC ARES CAPITAL CORP Financial Services 196,275.0 $4.0M 0.98% NEW $20.23 -11.3%
24 NFLX NETFLIX INC Communication Services 41,984.0 $3.9M 0.97% NEW $93.76 -23.5%
25 VRT VERTIV HOLDINGS CO Industrials 24,187.0 $3.9M 0.96% NEW $162.01 +96.5%
26 ECL ECOLAB INC Basic Materials 14,574.0 $3.8M 0.94% NEW $262.52 +6.1%
27 MRSH MARSH &MCLENNAN COS INC Financial Services 20,348.0 $3.8M 0.93% NEW $185.52 -10.6%
28 XOM EXXON MOBIL CORP Energy 31,295.0 $3.8M 0.93% NEW $120.34 +13.4%
29 WPC WP CAREY INC Real Estate 55,794.0 $3.6M 0.89% NEW $64.36 +12.2%
30 LLY ELI LILLY &CO Healthcare 3,320.0 $3.6M 0.88% NEW $1074.65 +3.4%
31 MRK MERCK &CO INC Healthcare 32,887.0 $3.5M 0.85% NEW $105.26 +14.8%
32 HON HONEYWELL INTL INC Industrials 16,016.0 $3.1M 0.77% NEW $195.09 +16.5%
33 V VISA INC Financial Services 8,776.0 $3.1M 0.76% NEW $350.71 -5.5%
34 DE DEERE &CO Industrials 6,588.0 $3.1M 0.76% NEW $465.58 +30.8%
35 NVO NOVO-NORDISK A S Healthcare 59,095.0 $3.0M 0.74% NEW $50.88 -6.5%
36 SUB ISHARES TR 27,927.0 $3.0M 0.73% NEW $106.70 -0.3%
37 RTX RTX CORPORATION Industrials 15,890.0 $2.9M 0.72% NEW $183.40 +1.3%
38 COST COSTCO WHSL CORP NEW Consumer Defensive 3,326.0 $2.9M 0.71% NEW $862.46 +11.3%
39 TXN TEXAS INSTRS INC Technology 16,244.0 $2.8M 0.69% NEW $173.49 +75.1%
40 JNJ JOHNSON &JOHNSON Healthcare 13,582.0 $2.8M 0.69% NEW $206.95 +16.3%
Page 2 of 38  ·  742 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 20.7%
Technology 18.0%
Healthcare 16.7%
Industrials 13.9%
Communication Services 11.8%
Consumer Cyclical 6.4%
Consumer Defensive 5.1%
Basic Materials 2.6%
Energy 2.6%
Real Estate 1.4%