Portfolio (Quarterly) Guide ↗

DAVIDSON INVESTMENT ADVISORS

· CIK 0001140771

13F Portfolio $2.3B AUM 126 positions Filed May 8, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 13 New 41 Added 61 Reduced 6 Exited

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
1	—	ASTRAZENECA	—	240,096	$22.1M	0.92%	SOLD
2	—	FORTINET INC	—	273,952	$21.8M	0.91%	SOLD
3	NSC	NORFOLK SOUTHERN	Industrials	54,626	$15.8M	0.66%	SOLD
4	ADBE	ADOBE INC	Technology	25,886	$9.1M	0.38%	SOLD
5	SOLS	SOLSTICE ADVANCED	Basic Materials	112,904	$5.5M	0.23%	SOLD
6	IWF	ISHARES	—	717	$339K	0.01%	SOLD

Sector Allocation

Technology 27.5%

Healthcare 12.3%

Financial Services 11.4%

Communication Services 11.1%

Consumer Cyclical 10.4%

Industrials 9.1%

Real Estate 4.6%

Consumer Defensive 4.1%

Energy 4.1%

Utilities 3.2%