# Orion Investment Co

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2033920. Source: https://holderbook.com/funds/2033920-orion-investment-co/

- Reported value: $342.7M
- Positions: 73
- Weight of the ten largest: 55.0%
- Filed: 2026-08-11

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 |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $38.3M | 102,763 | 11.2% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $21.4M | 115,722 | 6.2% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $21.0M | 150,258 | 6.1% | 9 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $18.4M | 29,501 | 5.4% | 9 |
| IONIS PHARMACEUTICALS INC | [IONS](https://holderbook.com/stocks/IONS/) | $17.5M | 220,335 | 5.1% | 9 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $16.2M | 22,737 | 4.7% | 9 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $15.7M | 134,516 | 4.6% | 9 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $14.9M | 280,198 | 4.4% | 9 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $13.7M | 14,019 | 4.0% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $11.5M | 84,277 | 3.4% | 9 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $10.6M | 5,338 | 3.1% | 9 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $9.2M | 105,281 | 2.7% | 9 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $8.8M | 60,153 | 2.6% | 9 |
| IOVANCE BIOTHERAPEUTICS INC | [IOVA](https://holderbook.com/stocks/IOVA/) | $8.6M | 2,073,202 | 2.5% | 9 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $8.5M | 39,571 | 2.5% | 9 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $7.1M | 20,053 | 2.1% | 9 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $6.9M | 39,074 | 2.0% | 9 |
| ROYAL GOLD INC | [RGLD](https://holderbook.com/stocks/RGLD/) | $6.0M | 29,943 | 1.7% | 9 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $5.7M | 50,263 | 1.7% | 9 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $5.6M | 54,950 | 1.6% | 9 |
| ARROWHEAD PHARMACEUTICALS IN | [ARWR](https://holderbook.com/stocks/ARWR/) | $5.4M | 65,831 | 1.6% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.7M | 6,873 | 1.4% | 5 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $4.2M | 11,100 | 1.2% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.2M | 14,354 | 1.2% | 9 |
| RIGETTI COMPUTING INC | [RGTI](https://holderbook.com/stocks/RGTI/) | $3.9M | 201,345 | 1.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.8M | 10,046 | 1.1% | 4 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.7M | 10,860 | 1.1% | 9 |
| HUNTINGTON INGALLS INDS INC | [HII](https://holderbook.com/stocks/HII/) | $3.7M | 13,171 | 1.1% | 9 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $3.5M | 20,034 | 1.0% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.6M | 20,383 | 0.8% | 9 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $2.6M | 28,032 | 0.8% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.2M | 8,267 | 0.7% | 9 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.2M | 21,967 | 0.6% | 6 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $1.7M | 46,916 | 0.5% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.6M | 4,384 | 0.5% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.5M | 6,102 | 0.4% | 9 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $1.5M | 13,193 | 0.4% | 9 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $1.4M | 8,887 | 0.4% | 9 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $1.4M | 17,704 | 0.4% | 9 |
| INTERNATIONAL BANCSHARES COR | [IBOC](https://holderbook.com/stocks/IBOC/) | $1.4M | 4,893 | 0.4% | 9 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.3M | 9,366 | 0.4% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.2M | 4,871 | 0.4% | 9 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $1.2M | 23,102 | 0.4% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.2M | 4,920 | 0.3% | 9 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.2M | 12,675 | 0.3% | 9 |
| ALLIANCE RESOURCE PARTNERS L | [ARLP](https://holderbook.com/stocks/ARLP/) | $1.0M | 43,600 | 0.3% | 6 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.0M | 17,512 | 0.3% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $851.5K | 2,410 | 0.2% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $789.6K | 1,578 | 0.2% | 9 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $723.1K | 1,954 | 0.2% | 2 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $681.7K | 11,804 | 0.2% | 9 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $619.5K | 7,989 | 0.2% | 9 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $612.3K | 575 | 0.2% | 5 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $597.9K | 8,310 | 0.2% | 9 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $560.4K | 5,855 | 0.2% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $552.9K | 461 | 0.2% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $505.0K | 4,459 | 0.1% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $495.4K | 6,096 | 0.1% | 9 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $495.4K | 4,225 | 0.1% | 9 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $440.1K | 3,691 | 0.1% | 9 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $412.2K | 1,904 | 0.1% | 9 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $390.2K | 16,206 | 0.1% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $335.2K | 595 | 0.1% | 9 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $329.4K | 1,821 | 0.1% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $302.7K | 1,826 | 0.1% | 9 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $285.9K | 5,670 | 0.1% | 9 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $285.0K | 1,200 | 0.1% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $283.2K | 803 | 0.1% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $277.5K | 581 | 0.1% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $233.6K | 625 | 0.1% | 1 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $228.1K | 844 | 0.1% | 9 |
| EDGEWELL PERSONAL CARE CO | [EPC](https://holderbook.com/stocks/EPC/) | $214.9K | 8,000 | 0.1% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $202.9K | 600 | 0.1% | 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 | +9.7% | +14.8% | -5.1% | 100% |
| Q1 2026 | -5.5% | -4.6% | -0.9% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.7% | 100% |
| Q3 2025 | +13.6% | +7.8% | +5.8% | 100% |
| Q2 2025 | +13.1% | +10.5% | +2.6% | 100% |
| Q1 2025 | -6.1% | -4.6% | -1.6% | 100% |
| Q4 2024 | -4.1% | +2.1% | -6.3% | 100% |
| Q3 2024 | +0.1% | +5.4% | -5.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $342.7M | 73 |
| Q1 2026 | $315.1M | 69 |
| Q4 2025 | $328.2M | 68 |
| Q3 2025 | $314.7M | 70 |
| Q2 2025 | $282.5M | 70 |
| Q1 2025 | $244.6M | 68 |
| Q4 2024 | $250.7M | 65 |
| Q3 2024 | $257.2M | 66 |
| Q2 2024 | $251.0M | 64 |