# GARLAND CAPITAL MANAGEMENT INC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1181544. Source: https://holderbook.com/funds/1181544-garland-capital-management-inc/

- Reported value: $7.3M
- Positions: 21
- Weight of the ten largest: 61.6%
- Filed: 2025-11-05

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 |
|---|---|---|---|---|---|
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $596.2K | 1,890 | 8.2% | 29 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $591.1K | 5,425 | 8.1% | 29 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $500.1K | 2,160 | 6.9% | 29 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $468.5K | 2,800 | 6.4% | 12 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $443.0K | 1,570 | 6.1% | 29 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $406.5K | 3,170 | 5.6% | 29 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $388.3K | 5,675 | 5.3% | 29 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $367.5K | 4,410 | 5.1% | 29 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $360.9K | 2,570 | 5.0% | 29 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $354.1K | 1,899 | 4.9% | 29 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $341.9K | 2,225 | 4.7% | 29 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $325.4K | 1,755 | 4.5% | 29 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $301.3K | 3,590 | 4.1% | 29 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $287.9K | 2,775 | 4.0% | 29 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $283.8K | 2,980 | 3.9% | 11 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $273.7K | 2,390 | 3.8% | 4 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $250.9K | 2,230 | 3.5% | 9 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $231.9K | 3,885 | 3.2% | 12 |
| PARK HOTELS & RESORTS INC | [PK](https://holderbook.com/stocks/PK/) | $229.9K | 20,750 | 3.2% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $218.2K | 1,405 | 3.0% | 29 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $47.9K | 524 | 0.7% | 28 |

## 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 |
|---|---|---|---|---|
| Q3 2025 | +6.6% | +7.8% | -1.2% | 100% |
| Q2 2025 | +1.0% | +10.5% | -9.4% | 100% |
| Q1 2025 | +4.3% | -4.6% | +8.8% | 100% |
| Q4 2024 | -4.1% | +2.1% | -6.3% | 100% |
| Q3 2024 | +7.3% | +5.4% | +1.9% | 100% |
| Q2 2024 | -4.1% | +4.0% | -8.1% | 100% |
| Q1 2024 | +6.1% | +10.0% | -4.0% | 100% |
| Q4 2023 | +7.3% | +11.2% | -3.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $7.3M | 21 |
| Q2 2025 | $31.5M | 29 |
| Q1 2025 | $106.8M | 28 |
| Q4 2024 | $122.0M | 33 |
| Q3 2024 | $130.0M | 30 |
| Q2 2024 | $141.5M | 32 |
| Q1 2024 | $150.9M | 33 |
| Q4 2023 | $142.4M | 33 |
| Q3 2023 | $141.8M | 34 |
| Q2 2023 | $148.7M | 35 |
| Q1 2023 | $147.2M | 35 |
| Q4 2022 | $153.4M | 34 |