Loudon Investment Management, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | XLK | $12.7M | 66,455 | +1.75pp | 21q | +6.4%+$766.5K | |
| MICROSOFT CORP | MSFT | $11.0M | 29,416 | -0.09pp | 31q | +7.0%+$716.6K | |
| CISCO SYS INC | CSCO | $8.2M | 69,470 | +1.01pp | 31q | -3.2%-$270.2K | |
| ENTERPRISE PRODS PARTNERS L | EPD | $8.0M | 217,907 | -0.51pp | 31q | HELD | |
| FASTENAL CO | FAST | $7.6M | 157,269 | -0.24pp | 31q | HELD | |
| CATERPILLAR INC | CAT | $7.5M | 7,033 | +0.84pp | 31q | -5.5%-$434.5K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $6.8M | 9,042 | +0.07pp | 31q | -2.6%-$179.2K | |
| TRUIST FINL CORP | TFC | $5.8M | 116,962 | -0.09pp | 27q | -1.8%-$105.2K | |
| QUALCOMM INC | QCOM | $5.6M | 30,226 | +0.56pp | 31q | -4.1%-$237.8K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $5.5M | 11,414 | +0.44pp | 31q | -7.2%-$424.1K | |
| REALTY INCOME CORP | O | $5.4M | 87,655 | -0.09pp | 21q | +4.5%+$235.8K | |
| ABBVIE INC | ABBV | $5.0M | 19,952 | +0.10pp | 31q | -1.4%-$69.2K | |
| T-MOBILE US INC | TMUS | $4.9M | 29,198 | -0.17pp | 5q | +28.3%+$1.1M | |
| APPLE INC | AAPL | $4.7M | 16,291 | +0.06pp | 31q | -1.4%-$66.6K | |
| LOWES COS INC | LOW | $4.7M | 21,372 | -0.40pp | 29q | HELD | |
| LINCOLN NATL CORP IND | LNC | $4.5M | 126,004 | -0.40pp | 10q | -7.0%-$335.3K | |
| JPMORGAN CHASE & CO | JPM | $4.3M | 13,005 | +0.02pp | 22q | HELD | |
| CUMMINS INC | CMI | $4.1M | 5,746 | -0.07pp | 31q | -19.9%-$1.0M | |
| NEXTERA ENERGY INC | NEE | $3.9M | 44,370 | -0.29pp | 9q | +0.6%+$22.8K | |
| NVIDIA CORPORATION | NVDA | $3.8M | 19,082 | +1.44pp | 9q | +308.9%+$2.9M | |
| GENPACT LIMITED | G | $3.8M | 137,935 | -1.05pp | 10q | -5.0%-$201.4K | |
| ILLINOIS TOOL WKS INC | ITW | $3.7M | 13,680 | -0.10pp | 31q | HELD | |
| US BANCORP | USB | $3.6M | 58,930 | +0.10pp | 14q | HELD | |
| EMERSON ELEC CO | EMR | $2.9M | 20,180 | flat | 31q | HELD | |
| AUTOMATIC DATA PROCESSING IN | ADP | $2.8M | 12,318 | +0.31pp | 31q | +29.1%+$622.6K | |
| DIGITAL RLTY TR INC | DLR | $2.7M | 15,305 | -0.14pp | 31q | HELD | |
| DEERE & CO | DE | $2.6M | 4,031 | +0.03pp | 31q | HELD | |
| ABBOTT LABORATORIES | ABT | $2.1M | 22,962 | -0.33pp | 31q | -6.2%-$138.8K | |
| AMERIPRISE FINL INC | AMP | $2.0M | 4,465 | -0.10pp | 31q | -3.6%-$75.7K | |
| ACCENTURE PLC IRELAND | ACN | $2.0M | 16,386 | -0.01pp | 3q | +73.2%+$861.9K | |
| AMERICAN TOWER CORP | AMT | $2.0M | 11,923 | -0.47pp | 12q | -22.2%-$556.1K | |
| ISHARES TR | FLOT | $1.8M | 35,857 | +0.13pp | 24q | +28.3%+$404.3K | |
| NOVO-NORDISK A S | NVO | $1.7M | 35,308 | -0.05pp | 5q | -21.1%-$451.8K | |
| MERCK & CO INC | MRK | $1.6M | 12,803 | -0.02pp | 21q | HELD | |
| ENBRIDGE INC | ENB | $1.6M | 30,221 | -0.07pp | 31q | +0.9%+$14.6K | |
| GLACIER BANCORP INC NEW | GBCI | $1.6M | 31,439 | +0.04pp | 31q | HELD | |
| PENTAIR PLC | PNR | $1.6M | 21,117 | -0.16pp | 16q | +3.9%+$60.2K | |
| DOMINOS PIZZA INC | DPZ | $1.6M | 5,347 | -0.59pp | 5q | -24.4%-$512.1K | |
| PROLOGIS INC. | PLD | $1.5M | 11,405 | -0.05pp | 6q | HELD | |
| AMGEN INC | AMGN | $1.5M | 4,237 | -0.21pp | 31q | -16.7%-$307.8K | |
| PAYCHEX INC | PAYX | $1.5M | 15,301 | +0.22pp | 25q | +47.4%+$483.8K | |
| JOHNSON & JOHNSON | JNJ | $1.4M | 5,556 | -0.06pp | 31q | -2.5%-$35.6K | |
| VANGUARD SCOTTSDALE FDS | VCSH | $1.3M | 16,059 | +0.01pp | 31q | +11.0%+$125.3K | |
| BANK OF NY MELLON CORP | BNY | $1.2M | 8,337 | +0.01pp | 22q | -9.2%-$121.5K | |
| VANGUARD INDEX FDS | VTI | $1.2M | 3,208 | +0.02pp | 26q | -1.4%-$17.0K | |
| ISHARES TR | IJR | $1.2M | 7,967 | +0.09pp | 10q | +9.3%+$100.9K | |
| LOCKHEED MARTIN CORP | LMT | $1.2M | 2,289 | -0.17pp | 21q | HELD | |
| STANLEY BLACK & DECKER INC | SWK | $1.2M | 12,240 | -0.03pp | 18q | -20.8%-$301.7K | |
| VALERO ENERGY CORP | VLO | $1.1M | 4,219 | -0.02pp | 31q | HELD | |
| INVESCO EXCHANGE TRADED FD T | RSP | $1.1M | 4,974 | +0.06pp | 8q | +11.7%+$110.6K | |
| GENERAL DYNAMICS CORP | GD | $1.0M | 2,935 | -0.03pp | 22q | HELD | |
| VANGUARD BD INDEX FDS | BSV | $956.0K | 12,271 | +0.01pp | 31q | +13.6%+$114.5K | |
| AFLAC INC | AFL | $935.2K | 7,976 | -0.06pp | 31q | -9.4%-$96.7K | |
| SELECT SECTOR SPDR TR | XLC | $924.0K | 8,625 | -0.06pp | 25q | HELD | |
| UGI CORP NEW | UGI | $903.0K | 26,145 | -0.13pp | 6q | -10.7%-$108.5K | |
| PEPSICO INC | PEP | $837.4K | 6,185 | -0.11pp | 31q | HELD | |
| ALTRIA GROUP INC | MO | $814.3K | 11,318 | -0.01pp | 24q | -1.9%-$15.8K | |
| PUBLIC STORAGE | PSA | $763.9K | 2,400 | +0.03pp | 31q | HELD | |
| VANGUARD INDEX FDS | VNQ | $708.3K | 7,345 | flat | 31q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $701.8K | 13,215 | -0.13pp | 3q | -7.9%-$60.6K | |
| RTX CORPORATION | RTX | $690.8K | 3,641 | -0.04pp | 5q | HELD | |
| INVESCO QQQ TR | QQQ | $651.0K | 884 | +0.06pp | 13q | +4.4%+$27.2K | |
| ISHARES TR | ACWX | $628.4K | 8,257 | +0.02pp | 25q | +4.2%+$25.2K | |
| MARSH & MCLENNAN COS INC | MRSH | $600.0K | 3,600 | -0.04pp | 2q | HELD | |
| ESSENTIAL UTILS INC | WTRG | $592.4K | 15,463 | -0.04pp | 26q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $580.8K | 4,248 | -0.11pp | 23q | -2.2%-$13.0K | |
| SYSCO CORP | SYY | $580.5K | 6,945 | flat | 31q | -6.7%-$41.8K | |
| H2O AMERICA | HTO | $560.9K | 9,230 | +0.08pp | 3q | +48.2%+$182.3K | |
| ARCHER DANIELS MIDLAND CO | ADM | $529.1K | 6,925 | -0.01pp | 31q | HELD | |
| ALPHABET INC | GOOG | $528.2K | 1,495 | +0.04pp | 4q | +4.9%+$24.7K | |
| AMAZON COM INC | AMZN | $527.7K | 2,214 | +0.13pp | 7q | +97.2%+$260.0K | |
| BLACKROCK INC | BLK | $515.4K | 536 | +0.01pp | 7q | +13.8%+$62.5K | |
| CROWDSTRIKE HLDGS INC | CRWD | $515.1K | 675 | +0.11pp | 7q | HELD | |
| VANGUARD BD INDEX FDS | BIV | $489.2K | 6,378 | -0.01pp | 27q | +4.0%+$18.8K | |
| GOLDMAN SACHS GROUP INC | GS | $459.2K | 454 | +0.01pp | 5q | -6.2%-$30.3K | |
| SPDR SERIES TRUST | BIL | $421.2K | 4,596 | -0.03pp | 12q | -5.9%-$26.5K | |
| SCHWAB STRATEGIC TR | SCHD | $418.9K | 13,211 | -0.01pp | 11q | HELD | |
| ECOLAB INC | ECL | $411.2K | 1,476 | -0.01pp | 16q | HELD | |
| WEC ENERGY GROUP INC | WEC | $391.2K | 3,350 | -0.13pp | 6q | -35.3%-$213.7K | |
| SELECT SECTOR SPDR TR | XLI | $361.2K | 1,950 | - | new | NEW | |
| SELECT SECTOR SPDR TR | XLB | $334.5K | 6,580 | -0.21pp | 2q | -52.7%-$372.8K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $314.4K | 1,118 | -0.03pp | 6q | -18.9%-$73.1K | |
| FEDEX CORP | FDX | $313.1K | 1,000 | -0.04pp | 17q | HELD | |
| TESLA INC | TSLA | $279.7K | 665 | flat | 5q | HELD | |
| PROSHARES TR | NOBL | $272.9K | 4,860 | -0.02pp | 27q | +78.7%+$120.2K | |
| PHILLIPS 66 | PSX | $258.1K | 1,527 | -0.02pp | 2q | HELD | |
| EXTRA SPACE STORAGE INC | EXR | $256.5K | 1,765 | -0.03pp | 31q | -20.3%-$65.4K | |
| VANGUARD TAX-MANAGED FDS | VEA | $246.3K | 3,457 | flat | 5q | HELD | |
| FEDERAL RLTY INVT TR NEW | FRT | $245.6K | 1,990 | -0.01pp | 17q | -10.2%-$27.8K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $240.9K | 485 | flat | 3q | HELD | |
| CONOCOPHILLIPS | COP | $226.6K | 2,180 | -0.04pp | 4q | HELD | |
| CHEVRON CORPORATION | CVX | $220.5K | 1,330 | -0.02pp | 2q | +17.7%+$33.2K | |
| ISHARES TR | IWM | $217.5K | 724 | - | new | NEW | |
| ISHARES TR | IWR | $204.3K | 1,852 | - | new | NEW | |
| TELUS CORPORATION | TU | $188.1K | 17,800 | -0.07pp | 31q | -22.9%-$56.0K |
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 |
|---|---|---|
| Industrials | $20.6M | 10.1% |
| Semiconductors & Electronics | $17.7M | 8.7% |
| Banks & Lending | $16.5M | 8.1% |
| Software & IT Services | $14.8M | 7.3% |
| Biotech & Pharma | $13.6M | 6.7% |
| Computer Hardware | $13.2M | 6.5% |
| Real Estate | $12.9M | 6.4% |
| Retail & Consumer | $12.8M | 6.3% |
| Energy | $9.8M | 4.8% |
| Funds & ETFs | $7.4M | 3.6% |
| Business Services | $7.3M | 3.6% |
| Utilities | $6.3M | 3.1% |
| Other sectors | $24.0M | 11.8% |
| Not classified | $26.7M | 13.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $203.7M | 95 | 3 | 25 | 35 | 3 | 38.5% | 45 |
| Q1 2026 | $185.8M | 95 | 5 | 16 | 22 | 3 | 36.0% | 41 |
| Q4 2025 | $191.4M | 93 | 5 | 19 | 29 | 6 | 37.9% | 43 |
| Q3 2025 | $190.9M | 94 | 5 | 24 | 27 | 10 | 38.0% | 45 |
| Q2 2025 | $180.8M | 99 | 8 | 25 | 39 | 5 | 37.6% | 18 |
| Q1 2025 | $175.1M | 96 | 5 | 34 | 28 | 5 | 36.9% | 36 |
| Q4 2024 | $175.9M | 96 | 5 | 23 | 25 | 6 | 36.7% | 42 |
| Q3 2024 | $182.5M | 97 | 3 | 21 | 24 | 4 | 35.7% | 35 |
| Q2 2024 | $170.0M | 98 | 4 | 17 | 18 | 2 | 36.5% | 37 |
| Q1 2024 | $174.1M | 96 | 5 | 11 | 47 | 3 | 36.1% | 38 |
| Q4 2023 | $161.7M | 94 | 2 | 17 | 33 | 2 | 35.6% | 38 |
| Q3 2023 | $145.4M | 94 | 4 | 13 | 39 | 1 | 35.1% | 39 |
| Q2 2023 | $151.7M | 91 | 1 | 27 | 32 | 2 | 35.2% | 40 |
| Q1 2023 | $144.4M | 92 | 4 | 21 | 36 | 2 | 34.6% | 32 |
| Q4 2022 | $138.6M | 90 | 3 | 29 | 37 | 1 | 33.4% | 33 |
| Q3 2022 | $125.7M | 88 | 5 | 21 | 30 | 2 | 35.4% | 39 |
| Q2 2022 | $133.4M | 85 | 3 | 24 | 28 | 7 | 37.8% | 40 |
| Q1 2022 | $151.8M | 89 | 2 | 26 | 38 | 1 | 38.7% | 27 |
| Q4 2021 | $156.7M | 88 | 3 | 14 | 36 | 0 | 39.7% | 31 |
| Q3 2021 | $140.6M | 85 | 4 | 21 | 46 | 4 | 37.4% | 32 |
| Q2 2021 | $146.7M | 85 | 7 | 21 | 30 | 1 | 37.2% | 2 |
| Q1 2021 | $139.4M | 79 | 5 | 21 | 24 | 1 | 38.1% | 40 |
| Q4 2020 | $127.9M | 75 | 4 | 9 | 37 | 3 | 40.1% | 40 |
| Q3 2020 | $118.2M | 74 | 4 | 17 | 27 | 8 | 40.2% | 36 |
| Q2 2020 | $115.9M | 78 | 8 | 16 | 26 | 7 | 41.8% | 14 |
| Q1 2020 | $95.6M | 77 | 3 | 23 | 28 | 11 | 41.5% | 57 |
| Q4 2019 | $128.4M | 85 | 6 | 15 | 21 | 2 | 37.3% | 49 |
| Q3 2019 | $118.8M | 81 | 2 | 15 | 30 | 1 | 37.7% | 36 |
| Q2 2019 | $117.9M | 80 | 7 | 10 | 21 | 7 | 37.4% | 44 |
| Q1 2019 | $114.0M | 80 | 0 | 24 | 29 | 3 | 38.4% | 37 |
| Q4 2018 | $105.3M | 83 | 0 | 0 | 0 | 0 | 36.9% | 38 |
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.