# WINDWARD CAPITAL MANAGEMENT CO /CA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1078635. Source: https://holderbook.com/funds/1078635-windward-capital-management-co-ca/

- Reported value: $1.3B
- Positions: 73
- Weight of the ten largest: 57.7%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $219.9M | 759,846 | 16.6% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $96.0M | 268,494 | 7.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $95.2M | 269,380 | 7.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $87.4M | 366,840 | 6.6% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $60.9M | 65,082 | 4.6% | 31 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $47.4M | 97,979 | 3.6% | 23 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $42.9M | 82,747 | 3.3% | 14 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $38.3M | 103,367 | 2.9% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $37.1M | 52,083 | 2.8% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $36.9M | 420,166 | 2.8% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $35.7M | 37,096 | 2.7% | 7 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $29.5M | 285,129 | 2.2% | 31 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $28.8M | 176,617 | 2.2% | 25 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $28.4M | 187,502 | 2.2% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $28.2M | 179,899 | 2.1% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $27.7M | 54,292 | 2.1% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $25.2M | 132,879 | 1.9% | 25 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $24.8M | 112,320 | 1.9% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $21.6M | 22,412 | 1.6% | 21 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $21.1M | 143,741 | 1.6% | 31 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $20.3M | 170,467 | 1.5% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $17.7M | 130,356 | 1.3% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $16.0M | 32,004 | 1.2% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $14.8M | 153,267 | 1.1% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $14.7M | 118,419 | 1.1% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $12.2M | 296,085 | 0.9% | 31 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $11.0M | 5,532 | 0.8% | 10 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $10.4M | 141,815 | 0.8% | 12 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $9.8M | 43,385 | 0.7% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $9.7M | 134,597 | 0.7% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $9.6M | 25,705 | 0.7% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $9.0M | 14,224 | 0.7% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $9.0M | 41,670 | 0.7% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.2M | 71,988 | 0.6% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $8.1M | 64,368 | 0.6% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $7.5M | 20,620 | 0.6% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $6.9M | 16,197 | 0.5% | 14 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $6.1M | 21,778 | 0.5% | 31 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $6.1M | 72,214 | 0.5% | 29 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $6.1M | 27,397 | 0.5% | 31 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $6.0M | 36,793 | 0.5% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $6.0M | 244,699 | 0.5% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $6.0M | 33,055 | 0.5% | 31 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $5.2M | 73,090 | 0.4% | 25 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $5.2M | 18,971 | 0.4% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $4.8M | 33,744 | 0.4% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $4.7M | 20,804 | 0.4% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.4M | 12,535 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.4M | 26,382 | 0.3% | 14 |
| DUPONT DE NEMOURS INC | - | $3.4M | 24,807 | 0.3% | 1 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $3.2M | 153,249 | 0.2% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.6M | 62,031 | 0.2% | 31 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $2.6M | 121,380 | 0.2% | 2 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $2.4M | 22,110 | 0.2% | 31 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $2.3M | 96,143 | 0.2% | 31 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $1.9M | 4,495 | 0.1% | 1 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.8M | 75,251 | 0.1% | 31 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $1.6M | 30,017 | 0.1% | 31 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $1.3M | 48,360 | 0.1% | 29 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $835.8K | 1,135 | 0.1% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $753.5K | 1,009 | 0.1% | 1 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $698.7K | 1,996 | 0.1% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $621.7K | 1,823 | 0.0% | 10 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $389.0K | 1,443 | 0.0% | 10 |
| VERSANT MEDIA GROUP INC | [VSNT](https://holderbook.com/stocks/VSNT/) | $355.2K | 9,865 | 0.0% | 2 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $324.3K | 1,176 | 0.0% | 3 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $306.0K | 2,304 | 0.0% | 10 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $296.0K | 875 | 0.0% | 10 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $256.0K | 1,203 | 0.0% | 10 |
| MITSUBISHI UFJ FINANCIAL GRO | [MUFG](https://holderbook.com/stocks/MUFG/) | $235.0K | 11,817 | 0.0% | 14 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $223.6K | 2,188 | 0.0% | 1 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $214.1K | 730 | 0.0% | 10 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $201.4K | 1,260 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.5% | +14.8% | -5.3% | 100% |
| Q1 2026 | -1.6% | -4.6% | +3.1% | 100% |
| Q4 2025 | +4.2% | +2.4% | +1.8% | 100% |
| Q3 2025 | +7.6% | +7.8% | -0.3% | 100% |
| Q2 2025 | +2.4% | +10.5% | -8.0% | 100% |
| Q1 2025 | -6.1% | -4.6% | -1.5% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.0% | 100% |
| Q3 2024 | +7.8% | +5.4% | +2.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 73 |
| Q1 2026 | $1.2B | 69 |
| Q4 2025 | $1.3B | 73 |
| Q3 2025 | $1.3B | 71 |
| Q2 2025 | $1.2B | 71 |
| Q1 2025 | $1.2B | 71 |
| Q4 2024 | $1.3B | 84 |
| Q3 2024 | $1.3B | 84 |
| Q2 2024 | $1.2B | 73 |
| Q1 2024 | $1.2B | 74 |
| Q4 2023 | $1.2B | 61 |
| Q3 2023 | $1.0B | 61 |