# Stillwater Capital Advisors, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1482970. Source: https://holderbook.com/funds/1482970-stillwater-capital-advisors-llc/

- Reported value: $980.6M
- Positions: 71
- Weight of the ten largest: 51.3%
- Filed: 2026-07-23

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/) | $68.2M | 235,679 | 7.0% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $65.7M | 174,055 | 6.7% | 30 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $62.1M | 325,758 | 6.3% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $60.6M | 302,869 | 6.2% | 18 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $54.0M | 151,093 | 5.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $43.1M | 40,469 | 4.4% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $40.8M | 109,483 | 4.2% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $40.7M | 33,909 | 4.1% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $34.9M | 106,504 | 3.6% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $32.7M | 172,121 | 3.3% | 25 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $27.4M | 73,945 | 2.8% | 30 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $27.0M | 238,363 | 2.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $25.4M | 106,527 | 2.6% | 26 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $25.2M | 100,052 | 2.6% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $23.1M | 179,429 | 2.4% | 31 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $23.1M | 185,645 | 2.4% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $22.5M | 89,325 | 2.3% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $20.6M | 59,970 | 2.1% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $20.2M | 81,137 | 2.1% | 8 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $20.0M | 146,058 | 2.0% | 11 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $18.9M | 176,376 | 1.9% | 23 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $18.1M | 337,370 | 1.8% | 13 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $17.8M | 18,502 | 1.8% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $17.6M | 49,850 | 1.8% | 31 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $16.3M | 88,077 | 1.7% | 31 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $15.5M | 92,580 | 1.6% | 12 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $14.2M | 120,912 | 1.4% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $12.9M | 81,153 | 1.3% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $12.6M | 79,556 | 1.3% | 31 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $11.6M | 51,977 | 1.2% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $11.5M | 51,921 | 1.2% | 1 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $10.5M | 147,219 | 1.1% | 31 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $6.5M | 78,828 | 0.7% | 31 |
| ISHARES TR | [IYF](https://holderbook.com/stocks/IYF/) | $6.3M | 49,581 | 0.6% | 31 |
| SPDR SERIES TRUST | [SLYG](https://holderbook.com/stocks/SLYG/) | $5.0M | 41,737 | 0.5% | 31 |
| ISHARES TR | [IYH](https://holderbook.com/stocks/IYH/) | $4.9M | 73,540 | 0.5% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.8M | 89,601 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $4.7M | 23,711 | 0.5% | 20 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $4.6M | 19,085 | 0.5% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $3.5M | 77,733 | 0.4% | 31 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $3.2M | 23,595 | 0.3% | 18 |
| ISHARES TR | [IYC](https://holderbook.com/stocks/IYC/) | $2.2M | 21,832 | 0.2% | 31 |
| ISHARES TR | [IYJ](https://holderbook.com/stocks/IYJ/) | $1.8M | 10,928 | 0.2% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.6M | 5,173 | 0.2% | 8 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $1.4M | 31,080 | 0.1% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.3M | 4,250 | 0.1% | 8 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $1.3M | 25,249 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.3M | 15,702 | 0.1% | 8 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.2M | 10,873 | 0.1% | 8 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.0M | 2,345 | 0.1% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $787.6K | 2,229 | 0.1% | 8 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $770.7K | 10,607 | 0.1% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $735.5K | 2,136 | 0.1% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $677.2K | 1,610 | 0.1% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $675.1K | 4,552 | 0.1% | 8 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $652.4K | 1,763 | 0.1% | 4 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $583.8K | 830 | 0.1% | 2 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $483.6K | 1,709 | 0.0% | 8 |
| FULTON FINL CORP PA | [FULT](https://holderbook.com/stocks/FULT/) | $481.8K | 19,917 | 0.0% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $463.0K | 3,159 | 0.0% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $403.8K | 541 | 0.0% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $381.3K | 677 | 0.0% | 8 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $370.8K | 1,047 | 0.0% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $345.0K | 830 | 0.0% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $321.2K | 4,695 | 0.0% | 8 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $317.2K | 3,682 | 0.0% | 8 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $307.0K | 1,964 | 0.0% | 8 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $287.3K | 2,975 | 0.0% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $227.7K | 1,045 | 0.0% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $219.3K | 780 | 0.0% | 1 |
| OPKO HEALTH INC | [OPK](https://holderbook.com/stocks/OPK/) | $15.8K | 10,565 | 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 | +12.3% | +14.8% | -2.6% | 100% |
| Q1 2026 | -4.7% | -4.6% | -0.0% | 100% |
| Q4 2025 | +4.7% | +2.4% | +2.4% | 100% |
| Q3 2025 | +10.5% | +7.8% | +2.7% | 100% |
| Q2 2025 | +15.3% | +10.5% | +4.8% | 100% |
| Q1 2025 | -6.5% | -4.6% | -2.0% | 100% |
| Q4 2024 | +4.0% | +2.1% | +1.9% | 100% |
| Q3 2024 | +5.5% | +5.4% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $980.6M | 71 |
| Q1 2026 | $876.1M | 68 |
| Q4 2025 | $930.4M | 70 |
| Q3 2025 | $888.2M | 71 |
| Q2 2025 | $786.4M | 70 |
| Q1 2025 | $716.7M | 69 |
| Q4 2024 | $808.5M | 69 |
| Q3 2024 | $773.9M | 73 |
| Q2 2024 | $716.6M | 49 |
| Q1 2024 | $675.2M | 69 |
| Q4 2023 | $623.6M | 69 |
| Q3 2023 | $549.5M | 71 |