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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
Page 3 of 7  ·  126 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 TMO THERMO FISHER SCI Healthcare 39,886.0 $19.6M 0.85% NEW $491.53 -8.8%
42 VTEB VANGUARD MUN BD FD 391,387.0 $19.5M 0.84% +19K +5.2% $49.89 -0.0%
43 PM PHILIP MORRIS INTL Consumer Defensive 115,594.0 $19.1M 0.82% -1K -1.0% $165.34 +14.3%
44 EXC EXELON CORP Utilities 387,723.0 $19.0M 0.82% -15K -3.7% $49.02 -5.7%
45 BAC BANK OF AMERICA CORP Financial Services 386,768.0 $18.9M 0.81% -9K -2.2% $48.75 +6.3%
46 ITM VANECK ETF TR 404,367.0 $18.8M 0.81% +18K +4.6% $46.43 +0.1%
47 ICE INTER CONTINENTAL EX Financial Services 119,361.0 $18.8M 0.81% -1K -1.2% $157.28 -2.7%
48 STZ CONSTELLATION BRANDS Consumer Defensive 123,417.0 $18.5M 0.80% +7K +5.6% $150.00 -0.3%
49 QCOM QUALCOMM INC Technology 142,297.0 $18.3M 0.79% +22K +18.4% $128.78 +84.9%
50 INTU INTUIT Technology 41,730.0 $18.0M 0.78% -2K -4.1% $432.38 -26.0%
51 BMY BRISTOL MYERS SQUIBB Healthcare 293,103.0 $17.8M 0.77% -6K -2.1% $60.65 -2.0%
52 CVS CVS HEALTH CORP Healthcare 246,079.0 $17.7M 0.76% -5K -1.9% $71.82 +29.9%
53 PANW PALO ALTO NETWORKS Technology 106,518.0 $17.1M 0.74% NEW $160.32 +62.5%
54 TRNO TERRENO RLTY CORP Real Estate 274,864.0 $16.9M 0.73% -2K -0.8% $61.42 +7.5%
55 PGR PROGRESSIVE CORP Financial Services 83,945.0 $16.6M 0.72% -568.0 -0.7% $198.24 +0.6%
56 CUBE CUBESMART Real Estate 447,155.0 $16.4M 0.71% +21K +5.0% $36.65 +9.3%
57 LOW LOWES CO Consumer Cyclical 69,123.0 $16.3M 0.70% +1K +1.7% $236.28 -9.0%
58 PFE PFIZER INC Healthcare 578,456.0 $16.2M 0.70% +21K +3.7% $28.08 -7.8%
59 DT DYNATRACE HOLDINGS Technology 439,026.0 $16.2M 0.70% +25K +6.0% $36.98 +11.4%
60 CRM SALESFORCE INC Technology 86,883.0 $16.2M 0.70% +2K +2.1% $186.67 -3.5%
Page 3 of 7  ·  126 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
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%