DAVIDSON INVESTMENT ADVISORS
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ISHARES TR | IXUS | $202.5M | 2,122,254 | +0.35pp | 25q | HELD | |
| ALPHABET INC | GOOG | $117.4M | 332,294 | +0.31pp | 31q | -8.3%-$10.7M | |
| AMAZON COM INC | AMZN | $106.7M | 447,774 | +0.19pp | 26q | -3.5%-$3.9M | |
| APPLE INC | AAPL | $98.9M | 341,640 | +0.17pp | 31q | -3.4%-$3.5M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $95.6M | 200,103 | +0.85pp | 7q | -4.5%-$4.5M | |
| MICROSOFT CORP | MSFT | $90.6M | 242,760 | -0.28pp | 31q | -2.6%-$2.4M | |
| NVIDIA CORPORATION | NVDA | $77.8M | 388,989 | +0.63pp | 11q | +14.6%+$9.9M | |
| HYATT HOTELS CORP | H | $55.1M | 284,109 | +0.43pp | 4q | -3.2%-$1.8M | |
| META PLATFORMS INC | META | $50.2M | 89,113 | -0.04pp | 7q | +5.1%+$2.4M | |
| BROADCOM INC | AVGO | $48.6M | 128,579 | +0.62pp | 8q | +26.1%+$10.1M | |
| EATON CORP PLC | ETN | $48.2M | 113,066 | +0.70pp | 31q | +37.7%+$13.2M | |
| CITIGROUP INC | C | $42.1M | 300,617 | +0.17pp | 31q | -5.3%-$2.4M | |
| VANGUARD WELLINGTON FD | VFMO | $39.0M | 156,341 | +0.29pp | 19q | +1.8%+$704.4K | |
| SEMPRA | SRE | $38.5M | 414,833 | -0.21pp | 31q | -2.5%-$982.8K | |
| LABCORP HOLDINGS INC | LH | $37.2M | 132,898 | -0.06pp | 9q | -3.0%-$1.2M | |
| AGNC INVT CORP | AGNC | $36.7M | 3,371,067 | -0.24pp | 13q | -16.2%-$7.1M | |
| VISA INC | V | $35.0M | 102,129 | +0.29pp | 27q | +17.0%+$5.1M | |
| CISCO SYS INC | CSCO | $34.8M | 296,446 | +0.34pp | 31q | -8.7%-$3.3M | |
| ANALOG DEVICES INC | ADI | $33.1M | 83,377 | +0.18pp | 20q | -2.4%-$814.6K | |
| ARISTA NETWORKS INC | ANET | $32.0M | 188,476 | +0.25pp | 7q | -5.9%-$2.0M | |
| RTX CORPORATION | RTX | $31.1M | 163,898 | -0.84pp | 25q | -35.5%-$17.1M | |
| ISHARES INC | EUSA | $28.7M | 251,532 | +0.08pp | 25q | +1.2%+$332.5K | |
| MEDTRONIC PLC | MDT | $27.3M | 348,684 | -0.24pp | 23q | -4.1%-$1.2M | |
| PALO ALTO NETWORKS INC | PANW | $26.9M | 78,979 | +0.36pp | 2q | -25.9%-$9.4M | |
| THE CIGNA GROUP | CI | $26.3M | 95,348 | -0.07pp | 31q | -4.5%-$1.2M | |
| CVS HEALTH CORP | CVS | $25.3M | 244,542 | +0.27pp | 30q | -0.6%-$159.0K | |
| CAMDEN PPTY TR | CPT | $25.1M | 218,944 | +0.36pp | 26q | +37.8%+$6.9M | |
| GOLDMAN SACHS GROUP INC | GS | $24.9M | 24,653 | -0.16pp | 24q | -23.7%-$7.8M | |
| PROGRESSIVE CORP | PGR | $24.7M | 112,873 | +0.29pp | 29q | +34.5%+$6.3M | |
| WALMART INC | WMT | $24.2M | 214,078 | -0.21pp | 31q | -4.8%-$1.2M | |
| VERTEX PHARMACEUTICALS INC | VRTX | $24.2M | 48,710 | flat | 21q | -4.9%-$1.2M | |
| FEDEX FGHT HLDG CO INC | $23.0M | 152,374 | - | new | NEW | ||
| BOEING CO | BA | $22.1M | 102,283 | +0.02pp | 17q | HELD | |
| QUALCOMM INC | QCOM | $22.0M | 119,319 | +0.11pp | 9q | -16.1%-$4.2M | |
| STANDARDAERO INC | SARO | $21.9M | 731,491 | +0.22pp | 3q | +20.5%+$3.7M | |
| BANK OF AMER CORP | BAC | $21.8M | 383,246 | +0.08pp | 31q | -0.9%-$200.7K | |
| SCHWAB CHARLES CORP | SCHW | $21.7M | 234,899 | -0.07pp | 31q | HELD | |
| HOME DEPOT INC | HD | $21.5M | 61,101 | -0.04pp | 31q | -5.9%-$1.4M | |
| GILDAN ACTIVEWEAR INC | GIL | $21.4M | 415,251 | -0.18pp | 31q | -5.5%-$1.3M | |
| CHEVRON CORPORATION | CVX | $20.9M | 125,820 | -0.34pp | 31q | -5.8%-$1.3M | |
| VANGUARD MUN BD FDS | VTEB | $20.8M | 411,742 | +0.01pp | 14q | +5.2%+$1.0M | |
| PHILIP MORRIS INTL INC | PM | $20.8M | 114,953 | +0.03pp | 31q | -0.6%-$116.0K | |
| EOG RES INC | EOG | $20.6M | 159,172 | -0.20pp | 27q | -4.9%-$1.1M | |
| ASTRAZENECA PLC | AZN | $20.6M | 108,676 | -0.14pp | 2q | -5.8%-$1.3M | |
| CORTEVA INC | CTVA | $19.5M | 230,036 | -0.08pp | 29q | -5.7%-$1.2M | |
| VANECK ETF TRUST | ITM | $19.3M | 410,872 | -0.02pp | 14q | +1.6%+$305.7K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $19.3M | 38,437 | -0.06pp | 2q | -3.6%-$726.5K | |
| OTIS WORLDWIDE CORP | OTIS | $18.8M | 262,612 | -0.21pp | 25q | -11.2%-$2.4M | |
| FIRST INTST BANCSYSTEM INC | FIBK | $18.5M | 478,878 | +0.06pp | 20q | HELD | |
| DYNATRACE INC | DT | $18.3M | 417,440 | +0.05pp | 10q | -4.9%-$947.8K | |
| NETFLIX INC | NFLX | $17.8M | 249,653 | -0.37pp | 16q | -5.4%-$1.0M | |
| TERRENO RLTY CORP | TRNO | $17.8M | 275,086 | flat | 26q | HELD | |
| EXELON CORP | EXC | $17.1M | 366,488 | -0.12pp | 25q | -5.5%-$990.0K | |
| TRIMBLE INC | TRMB | $17.0M | 331,617 | +0.02pp | 18q | +37.6%+$4.6M | |
| ISHARES TR | MTUM | $16.8M | 49,002 | - | new | NEW | |
| ELANCO ANIMAL HEALTH INC | ELAN | $16.5M | 668,594 | -0.02pp | 14q | HELD | |
| CANADIAN PACIFIC KANSAS CITY | CP | $16.3M | 188,197 | +0.03pp | 2q | HELD | |
| CONSTELLATION BRANDS INC | STZ | $16.1M | 115,584 | -0.14pp | 14q | -6.3%-$1.1M | |
| BRISTOL-MYERS SQUIBB CO | BMY | $16.0M | 277,201 | -0.11pp | 27q | -5.4%-$916.3K | |
| T-MOBILE US INC | TMUS | $15.4M | 91,832 | -0.25pp | 27q | -5.5%-$899.2K | |
| LOWES COS INC | LOW | $15.1M | 68,609 | -0.09pp | 6q | -0.7%-$113.3K | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $14.6M | 118,842 | -0.21pp | 8q | HELD | |
| GLACIER BANCORP INC NEW | GBCI | $14.6M | 283,016 | +0.02pp | 2q | -5.5%-$854.5K | |
| PFIZER INC | PFE | $13.7M | 570,345 | -0.14pp | 31q | -1.4%-$195.3K | |
| COMCAST CORP NEW | CMCSA | $13.4M | 546,533 | -0.13pp | 31q | HELD | |
| EQT CORP | EQT | $13.3M | 250,007 | -0.15pp | 4q | HELD | |
| LINDE PLC | LIN | $12.9M | 24,822 | flat | 5q | HELD | |
| SALESFORCE INC | CRM | $12.5M | 79,958 | -0.19pp | 28q | -8.0%-$1.1M | |
| HONEYWELL INTL INC | HON | $12.0M | 53,764 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $11.8M | 53,381 | - | new | NEW | |
| FULLER H B CO | FUL | $11.6M | 199,390 | -0.08pp | 22q | -4.8%-$585.5K | |
| ISHARES TR | DGRO | $11.5M | 151,090 | +0.04pp | 20q | +7.8%+$831.8K | |
| WAFD INC | WAFD | $10.9M | 282,839 | +0.03pp | 10q | -6.4%-$737.0K | |
| Infineon Technologies AG | IFNNY | $10.7M | 114,123 | - | new | NEW | |
| J P MORGAN EXCHANGE TRADED F | JMST | $10.7M | 209,448 | -0.04pp | 14q | -3.4%-$376.5K | |
| INTUIT | INTU | $9.9M | 37,855 | -0.37pp | 31q | -9.3%-$1.0M | |
| DIAMONDBACK ENERGY INC | FANG | $9.8M | 55,568 | -0.09pp | 14q | -2.5%-$255.6K | |
| ISHARES TR | ITOT | $8.1M | 49,458 | +0.02pp | 8q | -1.6%-$134.0K | |
| ZOETIS INC | ZTS | $8.0M | 111,868 | +0.05pp | 2q | +107.8%+$4.2M | |
| BELLRING BRANDS INC | BRBR | $7.9M | 610,859 | -0.19pp | 5q | -17.7%-$1.7M | |
| EXPAND ENERGY CORPORATION | EXE | $6.9M | 75,621 | -0.10pp | 2q | -6.7%-$492.8K | |
| VANGUARD INDEX FDS | VB | $6.1M | 20,105 | +0.01pp | 22q | -3.8%-$244.0K | |
| ISHARES TR | MUB | $5.2M | 48,395 | -0.01pp | 14q | -1.6%-$82.3K | |
| SPDR SERIES TRUST | SHM | $2.1M | 43,357 | -0.01pp | 14q | -8.4%-$191.9K | |
| ALPHABET INC | GOOGL | $1.8M | 5,096 | +0.01pp | 31q | -4.2%-$80.8K | |
| JOHNSON & JOHNSON | JNJ | $1.8M | 6,977 | flat | 31q | +2.1%+$37.1K | |
| VANGUARD INDEX FDS | VTI | $1.5M | 4,052 | +0.01pp | 15q | HELD | |
| ISHARES TR | CMF | $1.5M | 25,689 | flat | 14q | +10.9%+$145.3K | |
| CATERPILLAR INC | CAT | $1.5M | 1,389 | +0.02pp | 31q | HELD | |
| JPMORGAN CHASE & CO | JPM | $1.3M | 4,058 | flat | 31q | -4.0%-$55.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $1.2M | 1,260 | -0.01pp | 23q | +0.6%+$7.5K | |
| VANGUARD SCOTTSDALE FDS | VTHR | $1.0M | 3,061 | flat | 5q | -5.7%-$61.3K | |
| FEDEX CORP | FDX | $851.4K | 2,719 | -1.11pp | 31q | -96.3%-$22.4M | |
| ABBVIE INC | ABBV | $849.8K | 3,377 | flat | 31q | -2.9%-$25.2K | |
| ISHARES TR | IJH | $751.6K | 9,747 | flat | 7q | HELD | |
| MORGAN STANLEY | MS | $716.4K | 3,427 | flat | 31q | HELD | |
| SOUTHERN CO | SO | $698.7K | 7,300 | flat | 31q | HELD | |
| ISHARES TR | IDEV | $633.6K | 7,118 | -0.01pp | 22q | -29.3%-$262.0K | |
| VANGUARD INDEX FDS | VOO | $616.8K | 898 | flat | 13q | HELD | |
| ISHARES TR | IUSB | $564.7K | 12,237 | flat | 16q | +1.9%+$10.8K | |
| CUMMINS INC | CMI | $556.3K | 780 | flat | 2q | -3.9%-$22.8K | |
| ISHARES TR | IWV | $447.7K | 1,050 | flat | 24q | HELD | |
| VANGUARD STAR FDS | VXUS | $408.4K | 4,777 | flat | 4q | +15.1%+$53.4K | |
| STRYKER CORPORATION | SYK | $408.0K | 1,296 | flat | 31q | +3.3%+$12.9K | |
| LAM RESEARCH CORP | LRCX | $400.4K | 924 | +0.01pp | 2q | -12.0%-$54.6K | |
| ISHARES TR | IJR | $391.1K | 2,637 | flat | 7q | +0.8%+$3.1K | |
| DEERE & CO | DE | $378.1K | 596 | flat | 8q | +5.3%+$19.0K | |
| TESLA INC | TSLA | $374.3K | 890 | flat | 8q | HELD | |
| APOLLO GLOBAL MGMT INC | APO | $357.3K | 3,020 | flat | 6q | HELD | |
| VANGUARD WORLD FD | MGK | $342.8K | 3,900 | flat | 13q | +400.0%+$274.3K | |
| VANGUARD WORLD FD | MGC | $329.5K | 1,204 | flat | 10q | HELD | |
| SPDR GOLD TR | GLD | $320.5K | 870 | -0.02pp | 7q | -55.3%-$396.0K | |
| VANGUARD BD INDEX FDS | BSV | $311.6K | 4,000 | flat | 3q | HELD | |
| SILICON LABORATORIES INC | SLAB | $294.0K | 1,345 | -0.46pp | 31q | -97.4%-$11.2M | |
| ABBOTT LABORATORIES | ABT | $279.8K | 3,084 | flat | 31q | +3.6%+$9.6K | |
| ELI LILLY & CO | LLY | $278.3K | 232 | flat | 5q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $260.6K | 349 | flat | 8q | -21.0%-$69.4K | |
| ORACLE CORP | ORCL | $252.8K | 1,725 | flat | 31q | HELD | |
| ISHARES TR | NYF | $237.5K | 4,406 | flat | 8q | -13.1%-$35.8K | |
| EQUINIX INC | EQIX | $232.5K | 223 | flat | 2q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $227.2K | 454 | flat | 7q | HELD | |
| NEXTERA ENERGY INC | NEE | $226.4K | 2,579 | flat | 2q | -4.0%-$9.5K | |
| EXXON MOBIL CORP | XOMXXXX | $218.9K | 1,601 | flat | 2q | +32.0%+$53.0K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $307.0M | 12.5% |
| Software & IT Services | $301.0M | 12.3% |
| Computer Hardware | $192.6M | 7.9% |
| Retail & Consumer | $190.3M | 7.8% |
| Banks & Lending | $109.2M | 4.5% |
| Biotech & Pharma | $102.2M | 4.2% |
| Business Services | $90.1M | 3.7% |
| Real Estate | $79.9M | 3.3% |
| Autos & Aerospace | $75.5M | 3.1% |
| Energy | $71.5M | 2.9% |
| Capital Markets | $62.6M | 2.6% |
| Healthcare Services | $62.5M | 2.6% |
| Other sectors | $375.4M | 15.3% |
| Not classified | $426.9M | 17.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.4B | 123 | 5 | 26 | 66 | 8 | 38.6% | 21 |
| Q1 2026 | $2.3B | 126 | 13 | 41 | 61 | 6 | 36.1% | 38 |
| Q4 2025 | $2.4B | 119 | 3 | 44 | 44 | 6 | 36.3% | 27 |
| Q3 2025 | $2.4B | 122 | 4 | 43 | 39 | 3 | 35.2% | 21 |
| Q2 2025 | $2.2B | 121 | 5 | 68 | 23 | 4 | 32.4% | 28 |
| Q1 2025 | $2.0B | 120 | 3 | 55 | 35 | 5 | 31.2% | 30 |
| Q4 2024 | $2.1B | 122 | 9 | 47 | 49 | 5 | 33.7% | 31 |
| Q3 2024 | $2.1B | 118 | 8 | 73 | 20 | 6 | 32.8% | 44 |
| Q2 2024 | $1.9B | 116 | 6 | 53 | 45 | 5 | 33.9% | 31 |
| Q1 2024 | $1.9B | 115 | 6 | 70 | 22 | 5 | 32.0% | 43 |
| Q4 2023 | $1.7B | 114 | 3 | 45 | 44 | 18 | 31.7% | 40 |
| Q3 2023 | $1.6B | 129 | 21 | 70 | 15 | 4 | 31.7% | 40 |
| Q2 2023 | $1.6B | 112 | 6 | 22 | 24 | 4 | 31.6% | 42 |
| Q1 2023 | $1.5B | 110 | 18 | 63 | 19 | 7 | 30.1% | 145 |
| Q4 2022 | $1.3B | 99 | 3 | 42 | 42 | 4 | 29.7% | 33 |
| Q3 2022 | $1.2B | 100 | 8 | 70 | 19 | 4 | 31.0% | 38 |
| Q2 2022 | $1.2B | 96 | 4 | 42 | 31 | 10 | 31.0% | 27 |
| Q1 2022 | $1.4B | 102 | 4 | 63 | 21 | 4 | 32.5% | 42 |
| Q4 2021 | $1.4B | 102 | 8 | 38 | 41 | 7 | 31.5% | 28 |
| Q3 2021 | $1.3B | 101 | 4 | 58 | 25 | 7 | 30.4% | 34 |
| Q2 2021 | $1.2B | 104 | 7 | 9 | 80 | 1 | 29.8% | 41 |
| Q1 2021 | $1.2B | 98 | 7 | 44 | 39 | 6 | 29.8% | 37 |
| Q4 2020 | $1.1B | 97 | 5 | 27 | 55 | 1 | 30.8% | 41 |
| Q3 2020 | $939.5M | 93 | 2 | 23 | 54 | 5 | 32.5% | 33 |
| Q2 2020 | $904.7M | 96 | 9 | 10 | 70 | 7 | 33.4% | 41 |
| Q1 2020 | $773.6M | 94 | 7 | 14 | 67 | 14 | 33.6% | 37 |
| Q4 2019 | $1.0B | 101 | 7 | 16 | 58 | 10 | 33.6% | 45 |
| Q3 2019 | $962.7M | 104 | 6 | 14 | 47 | 3 | 33.4% | 37 |
| Q2 2019 | $959.8M | 101 | 8 | 10 | 78 | 4 | 32.9% | 44 |
| Q1 2019 | $954.4M | 97 | 3 | 26 | 58 | 6 | 33.7% | 43 |
| Q4 2018 | $862.0M | 100 | 0 | 0 | 0 | 0 | 33.9% | 29 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.