# Cairn Investment Group, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1800358. Source: https://holderbook.com/funds/1800358-cairn-investment-group-inc/

- Reported value: $226.7M
- Positions: 65
- Weight of the ten largest: 49.5%
- Filed: 2026-07-28

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 |
|---|---|---|---|---|---|
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $26.6M | 311,629 | 11.7% | 27 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $13.0M | 217,342 | 5.7% | 24 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $12.6M | 137,640 | 5.6% | 3 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $9.8M | 284,345 | 4.3% | 10 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $9.6M | 60,400 | 4.2% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $9.2M | 9,111 | 4.1% | 27 |
| ACUITY INC | [AYI](https://holderbook.com/stocks/AYI/) | $8.5M | 22,647 | 3.8% | 27 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.5M | 29,235 | 3.7% | 22 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $7.3M | 44,608 | 3.2% | 16 |
| BorgWarner Inc | - | $7.2M | 108,925 | 3.2% | 6 |
| ISHARES INC | [EWM](https://holderbook.com/stocks/EWM/) | $7.1M | 263,410 | 3.1% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $7.1M | 54,875 | 3.1% | 27 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $6.3M | 15,198 | 2.8% | 27 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $5.9M | 32,880 | 2.6% | 25 |
| Sysco Corp | - | $5.6M | 66,760 | 2.5% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.0M | 36,805 | 2.2% | 27 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $4.8M | 25,728 | 2.1% | 26 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $4.3M | 15,498 | 1.9% | 11 |
| INGREDION INC | [INGR](https://holderbook.com/stocks/INGR/) | $4.3M | 45,035 | 1.9% | 1 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $4.0M | 31,114 | 1.8% | 17 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $3.9M | 32,791 | 1.7% | 27 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.8M | 4,111 | 1.7% | 27 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $3.2M | 57,557 | 1.4% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.1M | 2,610 | 1.4% | 27 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $3.0M | 39,330 | 1.3% | 10 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.9M | 117,440 | 1.3% | 14 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.8M | 23,936 | 1.2% | 23 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.7M | 21,247 | 1.2% | 27 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $2.7M | 3,550 | 1.2% | 27 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $2.6M | 11,015 | 1.2% | 27 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $2.4M | 60,810 | 1.0% | 27 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $2.3M | 21,752 | 1.0% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.3M | 6,454 | 1.0% | 27 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $2.3M | 46,255 | 1.0% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.8M | 3,637 | 0.8% | 27 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $1.7M | 8,043 | 0.8% | 27 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $1.6M | 17,800 | 0.7% | 27 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.6M | 26,013 | 0.7% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.5M | 4,070 | 0.7% | 23 |
| JPMorgan Chase & Co | - | $1.2M | 3,757 | 0.5% | 17 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $793.0K | 7,920 | 0.3% | 14 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $769.0K | 12,370 | 0.3% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $688.0K | 2,885 | 0.3% | 18 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $654.0K | 4,784 | 0.3% | 27 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $643.0K | 1,900 | 0.3% | 17 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $563.0K | 1,640 | 0.2% | 23 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $546.0K | 3,370 | 0.2% | 27 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $452.0K | 3,160 | 0.2% | 24 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $447.0K | 9,333 | 0.2% | 27 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $415.0K | 1,752 | 0.2% | 22 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $407.0K | 4,211 | 0.2% | 18 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $373.0K | 814 | 0.2% | 17 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $366.0K | 3,810 | 0.2% | 17 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $356.0K | 475 | 0.2% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $350.0K | 841 | 0.2% | 21 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $326.0K | 1,917 | 0.1% | 18 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $317.0K | 2,875 | 0.1% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $302.0K | 1,110 | 0.1% | 11 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $301.0K | 12,474 | 0.1% | 1 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $297.0K | 446 | 0.1% | 7 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $288.0K | 1,331 | 0.1% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $272.0K | 4,768 | 0.1% | 5 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $272.0K | 1,742 | 0.1% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $269.0K | 1,060 | 0.1% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $245.0K | 973 | 0.1% | 4 |

## 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 | +6.2% | +14.8% | -8.6% | 93% |
| Q1 2026 | -0.7% | -4.6% | +3.9% | 92% |
| Q4 2025 | +3.3% | +2.4% | +1.0% | 93% |
| Q3 2025 | +6.0% | +7.8% | -1.9% | 94% |
| Q2 2025 | +5.3% | +10.5% | -5.1% | 94% |
| Q1 2025 | +2.6% | -4.6% | +7.2% | 100% |
| Q4 2024 | -3.8% | +2.1% | -6.0% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.1% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $226.7M | 65 |
| Q1 2026 | $201.2M | 63 |
| Q4 2025 | $210.7M | 66 |
| Q3 2025 | $219.4M | 70 |
| Q2 2025 | $191.5M | 68 |
| Q1 2025 | $177.0M | 66 |
| Q4 2024 | $170.2M | 68 |
| Q3 2024 | $181.0M | 67 |
| Q2 2024 | $171.4M | 65 |
| Q1 2024 | $174.2M | 65 |
| Q4 2023 | $160.2M | 64 |
| Q3 2023 | $150.8M | 60 |