# BROWN, LISLE/CUMMINGS, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 14745. Source: https://holderbook.com/funds/14745-brown-lisle-cummings-inc/

- Reported value: $445.8M
- Positions: 1,054
- Weight of the ten largest: 27.2%
- Filed: 2026-09-02

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $18.9M | 25,267 | 4.2% | 19 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $18.8M | 52,545 | 4.2% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.4M | 49,905 | 3.2% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $13.3M | 55,895 | 3.0% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.6M | 30,974 | 2.6% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $10.9M | 30,713 | 2.4% | 19 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $8.7M | 24,121 | 2.0% | 19 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $8.4M | 68,536 | 1.9% | 19 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $8.4M | 24,954 | 1.9% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.1M | 24,747 | 1.8% | 19 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $7.7M | 83,931 | 1.7% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.3M | 28,996 | 1.6% | 19 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $7.0M | 9,832 | 1.6% | 19 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $6.5M | 54,928 | 1.5% | 18 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.2M | 31,140 | 1.4% | 19 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.1M | 12,192 | 1.4% | 19 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.7M | 10,080 | 1.3% | 19 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $4.9M | 265,633 | 1.1% | 19 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.8M | 16,271 | 1.1% | 19 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.6M | 9,120 | 1.0% | 19 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $4.4M | 61,807 | 1.0% | 19 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $4.4M | 15,105 | 1.0% | 19 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $4.3M | 12,507 | 1.0% | 19 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.2M | 33,055 | 1.0% | 19 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $4.0M | 6,372 | 0.9% | 19 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $4.0M | 14,475 | 0.9% | 19 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $4.0M | 29,086 | 0.9% | 19 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.0M | 3,308 | 0.9% | 19 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $3.6M | 30,537 | 0.8% | 19 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.6M | 14,036 | 0.8% | 19 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $3.4M | 13,455 | 0.8% | 16 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $3.4M | 20,401 | 0.8% | 19 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $3.3M | 77,778 | 0.7% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.2M | 3,382 | 0.7% | 19 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.1M | 43,963 | 0.7% | 19 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.1M | 9,024 | 0.7% | 19 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $3.0M | 27,927 | 0.7% | 19 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.9M | 15,520 | 0.7% | 19 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $2.8M | 59,224 | 0.6% | 19 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.8M | 15,271 | 0.6% | 19 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.7M | 6,487 | 0.6% | 19 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.7M | 2,541 | 0.6% | 19 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.6M | 21,059 | 0.6% | 19 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.6M | 15,398 | 0.6% | 19 |
| NEOS ETF TRUST | [SPYI](https://holderbook.com/stocks/SPYI/) | $2.5M | 46,455 | 0.6% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 20,598 | 0.5% | 19 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $2.3M | 1,152 | 0.5% | 19 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.3M | 7,195 | 0.5% | 19 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.2M | 39,243 | 0.5% | 19 |
| INVESCO ACTIVELY MANAGED EXC | [EFAA](https://holderbook.com/stocks/EFAA/) | $2.2M | 38,760 | 0.5% | 7 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.1M | 23,315 | 0.5% | 19 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $2.1M | 25,459 | 0.5% | 19 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $2.1M | 7,025 | 0.5% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.0M | 24,356 | 0.5% | 19 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $2.0M | 16,324 | 0.5% | 19 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $2.0M | 5,755 | 0.4% | 14 |
| WASHINGTON TR BANCORP INC | [WASH](https://holderbook.com/stocks/WASH/) | $1.9M | 52,765 | 0.4% | 19 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $1.9M | 3,777 | 0.4% | 19 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $1.8M | 8,229 | 0.4% | 1 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.8M | 38,378 | 0.4% | 19 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.8M | 8,229 | 0.4% | 1 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $1.8M | 25,925 | 0.4% | 19 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.8M | 19,642 | 0.4% | 13 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.8M | 74,737 | 0.4% | 19 |
| PIMCO ETF TR | [MINT](https://holderbook.com/stocks/MINT/) | $1.8M | 17,419 | 0.4% | 19 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.7M | 4,651 | 0.4% | 19 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.7M | 12,518 | 0.4% | 19 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.7M | 13,990 | 0.4% | 19 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.6M | 20,265 | 0.4% | 19 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.6M | 9,829 | 0.4% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.6M | 10,646 | 0.4% | 19 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.5M | 14,858 | 0.3% | 19 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.5M | 25,387 | 0.3% | 19 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $1.5M | 2,865 | 0.3% | 19 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.4M | 34,031 | 0.3% | 19 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.4M | 18,058 | 0.3% | 19 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.4M | 2,928 | 0.3% | 10 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.4M | 15,898 | 0.3% | 19 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $1.4M | 7,775 | 0.3% | 19 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $1.3M | 11,720 | 0.3% | 19 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.3M | 1,801 | 0.3% | 19 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $1.3M | 3,495 | 0.3% | 19 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.3M | 5,294 | 0.3% | 19 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.3M | 15,657 | 0.3% | 19 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $1.3M | 7,293 | 0.3% | 19 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $1.3M | 7,825 | 0.3% | 19 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.2M | 5,726 | 0.3% | 19 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $1.2M | 13,215 | 0.3% | 19 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.2M | 4,070 | 0.3% | 19 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.2M | 10,941 | 0.3% | 19 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $1.2M | 16,780 | 0.3% | 7 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.2M | 3,725 | 0.3% | 19 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.1M | 3,824 | 0.3% | 19 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $1.1M | 6,670 | 0.3% | 1 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.1M | 2,862 | 0.3% | 19 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $1.1M | 22,302 | 0.3% | 19 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.1M | 7,963 | 0.2% | 19 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $1.1M | 3,050 | 0.2% | 19 |
| TOOTSIE ROLL INDS INC | [TR](https://holderbook.com/stocks/TR/) | $1.1M | 27,775 | 0.2% | 11 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.1M | 52,960 | 0.2% | 19 |

## 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 | +8.4% | +14.8% | -6.4% | 100% |
| Q1 2026 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 100% |
| Q2 2025 | +5.7% | +10.5% | -4.8% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.8% | 100% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $445.8M | 1,054 |
| Q1 2026 | $400.4M | 1,021 |
| Q4 2025 | $405.9M | 742 |
| Q3 2025 | $389.6M | 760 |
| Q2 2025 | $375.8M | 772 |
| Q1 2025 | $345.0M | 784 |
| Q4 2024 | $335.1M | 638 |
| Q3 2024 | $329.1M | 619 |
| Q2 2024 | $306.9M | 613 |
| Q1 2024 | $294.4M | 558 |
| Q4 2023 | $269.6M | 571 |
| Q3 2023 | $221.0M | 550 |