# Avalon Trust Co

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1798150. Source: https://holderbook.com/funds/1798150-avalon-trust-co/

- Reported value: $1.6B
- Positions: 462
- Weight of the ten largest: 54.2%
- Filed: 2026-08-06

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $138.6M | 692,561 | 8.5% | 14 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $118.7M | 410,286 | 7.3% | 14 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $118.1M | 334,148 | 7.3% | 14 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $112.3M | 297,284 | 6.9% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $87.2M | 366,073 | 5.4% | 14 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $77.8M | 208,627 | 4.8% | 14 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $69.3M | 228,790 | 4.3% | 14 |
| J P MORGAN EXCHANGE TRADED F | [JMTG](https://holderbook.com/stocks/JMTG/) | $68.1M | 1,343,889 | 4.2% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $53.0M | 154,519 | 3.3% | 14 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $38.1M | 111,705 | 2.3% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $34.5M | 68,968 | 2.1% | 14 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $30.7M | 101,770 | 1.9% | 4 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $30.0M | 121,779 | 1.8% | 14 |
| VANECK ETF TRUST | [PPH](https://holderbook.com/stocks/PPH/) | $28.8M | 263,830 | 1.8% | 14 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $27.7M | 125,512 | 1.7% | 14 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $25.9M | 118,434 | 1.6% | 14 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $24.1M | 236,090 | 1.5% | 12 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $23.2M | 44,627 | 1.4% | 14 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $23.0M | 39,748 | 1.4% | 14 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $22.4M | 292,774 | 1.4% | 9 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $22.0M | 21,114 | 1.4% | 14 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $19.9M | 151,254 | 1.2% | 7 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $19.2M | 60,840 | 1.2% | 14 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $19.0M | 57,146 | 1.2% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $18.9M | 264,958 | 1.2% | 14 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $18.3M | 5,739 | 1.1% | 5 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $17.8M | 35,466 | 1.1% | 14 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $17.1M | 87,722 | 1.1% | 10 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $16.7M | 28,786 | 1.0% | 14 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $15.8M | 39,839 | 1.0% | 14 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $15.8M | 92,765 | 1.0% | 7 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $15.2M | 79,712 | 0.9% | 14 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $15.0M | 51,328 | 0.9% | 14 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $15.0M | 98,730 | 0.9% | 14 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $14.7M | 20,475 | 0.9% | 14 |
| NATIONAL VISION HLDGS INC | [EYE](https://holderbook.com/stocks/EYE/) | $14.5M | 761,750 | 0.9% | 1 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $14.5M | 85,348 | 0.9% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $13.1M | 36,691 | 0.8% | 14 |
| VERALTO CORP | [VLTO](https://holderbook.com/stocks/VLTO/) | $12.7M | 143,338 | 0.8% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $10.5M | 41,254 | 0.6% | 14 |
| BROOKFIELD INFRASTRUCTURE CO | [BIPC](https://holderbook.com/stocks/BIPC/) | $8.0M | 207,592 | 0.5% | 7 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $7.9M | 68,670 | 0.5% | 3 |
| HA SUSTAINABLE INFRA CAP INC | [HASI](https://holderbook.com/stocks/HASI/) | $6.9M | 177,782 | 0.4% | 14 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $6.6M | 182,083 | 0.4% | 14 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $5.1M | 7,115 | 0.3% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.9M | 6,530 | 0.3% | 14 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $4.8M | 20,170 | 0.3% | 14 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.2M | 11,419 | 0.3% | 14 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $3.6M | 7,159 | 0.2% | 14 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $2.9M | 5,974 | 0.2% | 14 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.9M | 7,872 | 0.2% | 14 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.9M | 5,635 | 0.2% | 14 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $2.9M | 8,734 | 0.2% | 14 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.9M | 3,077 | 0.2% | 14 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $2.8M | 14,805 | 0.2% | 14 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.8M | 17,383 | 0.2% | 14 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.5M | 29,629 | 0.2% | 14 |
| AMALGAMATED FINANCIAL CORP | [AMAL](https://holderbook.com/stocks/AMAL/) | $2.2M | 47,995 | 0.1% | 14 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.9M | 9,296 | 0.1% | 14 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.9M | 1,859 | 0.1% | 14 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.8M | 5,510 | 0.1% | 14 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.7M | 13,249 | 0.1% | 14 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.5M | 1,961 | 0.1% | 14 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $1.2M | 2,743 | 0.1% | 14 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $1.2M | 10,200 | 0.1% | 14 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $1.2M | 10,000 | 0.1% | 4 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.2M | 7,146 | 0.1% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 2,759 | 0.1% | 14 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.1M | 1,750 | 0.1% | 14 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,288 | 0.1% | 14 |
| ONTERRIS INC | [ONT](https://holderbook.com/stocks/ONT/) | $1.0M | 51,172 | 0.1% | 14 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $991.3K | 10,801 | 0.1% | 14 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $958.3K | 799 | 0.1% | 14 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $928.5K | 6,336 | 0.1% | 14 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $922.5K | 3,666 | 0.1% | 14 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $867.3K | 4,552 | 0.1% | 11 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $856.6K | 3,396 | 0.1% | 4 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $837.8K | 429 | 0.1% | 10 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $835.1K | 9,500 | 0.1% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $833.4K | 1,745 | 0.1% | 14 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $793.4K | 4,205 | 0.0% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $769.4K | 6,793 | 0.0% | 11 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $766.6K | 18,000 | 0.0% | 14 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $711.6K | 8,107 | 0.0% | 14 |
| HELIOS TECHNOLOGIES INC | [HLIO](https://holderbook.com/stocks/HLIO/) | $705.2K | 7,901 | 0.0% | 14 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $668.2K | 950 | 0.0% | 11 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $649.6K | 6,000 | 0.0% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $636.0K | 5,415 | 0.0% | 14 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $635.8K | 4,000 | 0.0% | 14 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $615.1K | 1,744 | 0.0% | 14 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $610.8K | 3,750 | 0.0% | 14 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $610.5K | 800 | 0.0% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $604.2K | 10,603 | 0.0% | 14 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $550.5K | 3,400 | 0.0% | 14 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $528.6K | 3,234 | 0.0% | 11 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $503.6K | 4,847 | 0.0% | 8 |
| ACADIA RLTY TR | [AKR](https://holderbook.com/stocks/AKR/) | $501.8K | 24,000 | 0.0% | 6 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $498.8K | 1,330 | 0.0% | 14 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $476.5K | 647 | 0.0% | 13 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $474.7K | 419 | 0.0% | 14 |

## 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 | +14.7% | +14.8% | -0.1% | 100% |
| Q1 2026 | -4.7% | -4.6% | -0.0% | 100% |
| Q4 2025 | +2.5% | +2.4% | +0.2% | 100% |
| Q3 2025 | +12.8% | +7.8% | +5.0% | 100% |
| Q2 2025 | +11.6% | +10.5% | +1.2% | 100% |
| Q1 2025 | -7.2% | -4.6% | -2.6% | 100% |
| Q4 2024 | +1.8% | +2.1% | -0.4% | 100% |
| Q3 2024 | +6.6% | +5.4% | +1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 462 |
| Q1 2026 | $1.5B | 459 |
| Q4 2025 | $1.5B | 432 |
| Q3 2025 | $1.5B | 612 |
| Q2 2025 | $1.4B | 400 |
| Q1 2025 | $1.3B | 429 |
| Q4 2024 | $1.4B | 425 |
| Q3 2024 | $1.4B | 318 |
| Q2 2024 | $1.3B | 315 |
| Q1 2024 | $1.2B | 326 |
| Q4 2023 | $1.1B | 342 |
| Q3 2023 | $1.0B | 313 |