# LETSON INVESTMENT MANAGEMENT, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2078069. Source: https://holderbook.com/funds/2078069-letson-investment-management-inc/

- Reported value: $272.5M
- Positions: 104
- Weight of the ten largest: 45.7%
- 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 |
|---|---|---|---|---|---|
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $27.9M | 110,947 | 10.2% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $20.0M | 78,837 | 7.3% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $18.5M | 53,983 | 6.8% | 11 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $11.6M | 102,899 | 4.3% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $10.6M | 31,240 | 3.9% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $9.9M | 108,640 | 3.6% | 11 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $6.7M | 21,263 | 2.5% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $6.7M | 51,824 | 2.4% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.5M | 48,110 | 2.4% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.2M | 107,967 | 2.3% | 11 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $6.1M | 22,428 | 2.2% | 11 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $6.1M | 82,658 | 2.2% | 11 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $5.9M | 12,024 | 2.2% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.4M | 20,090 | 2.0% | 11 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $5.4M | 43,265 | 2.0% | 11 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $5.2M | 43,265 | 1.9% | 11 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $5.1M | 22,916 | 1.9% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $4.9M | 13,125 | 1.8% | 11 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $4.8M | 49,010 | 1.8% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $4.7M | 13,001 | 1.7% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $4.6M | 4,000 | 1.7% | 11 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $4.1M | 11,954 | 1.5% | 11 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $3.7M | 12,666 | 1.4% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.4M | 10,311 | 1.2% | 11 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $3.2M | 65,996 | 1.2% | 4 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $3.2M | 20,063 | 1.2% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.9M | 15,471 | 1.1% | 11 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.9M | 16,004 | 1.1% | 11 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.8M | 10,316 | 1.0% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.5M | 6,580 | 0.9% | 11 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $2.5M | 75,065 | 0.9% | 11 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $2.4M | 4,620 | 0.9% | 11 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $2.4M | 9,011 | 0.9% | 11 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $2.3M | 9,444 | 0.8% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.2M | 2,397 | 0.8% | 11 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $2.1M | 13,582 | 0.8% | 11 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $1.9M | 27,052 | 0.7% | 11 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.8M | 19,328 | 0.7% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.7M | 4,961 | 0.6% | 11 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $1.7M | 3,300 | 0.6% | 11 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.7M | 5,421 | 0.6% | 11 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $1.7M | 10,460 | 0.6% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.7M | 10,009 | 0.6% | 11 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $1.6M | 3,381 | 0.6% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.5M | 7,637 | 0.6% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.5M | 15,553 | 0.5% | 11 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.4M | 27,445 | 0.5% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.3M | 2,512 | 0.5% | 11 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.0M | 12,793 | 0.4% | 11 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $1.0M | 8,634 | 0.4% | 11 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $950.3K | 16,493 | 0.3% | 11 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $945.6K | 10,200 | 0.3% | 6 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $917.1K | 17,219 | 0.3% | 5 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $873.8K | 4,000 | 0.3% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $868.7K | 8,750 | 0.3% | 1 |
| SERVICE CORP INTL | [SCI](https://holderbook.com/stocks/SCI/) | $835.3K | 10,997 | 0.3% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $810.8K | 2,295 | 0.3% | 11 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $748.0K | 376 | 0.3% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $709.9K | 1,903 | 0.3% | 11 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $680.1K | 4,489 | 0.2% | 11 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $678.3K | 9,500 | 0.2% | 2 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $677.4K | 2,917 | 0.2% | 1 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $670.9K | 1,789 | 0.2% | 2 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $656.7K | 13,170 | 0.2% | 5 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $644.9K | 2,917 | 0.2% | 1 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $611.9K | 2,485 | 0.2% | 11 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $602.8K | 10,421 | 0.2% | 11 |
| CBIZ INC | [CBZ](https://holderbook.com/stocks/CBZ/) | $513.9K | 16,020 | 0.2% | 4 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $509.6K | 3,000 | 0.2% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $502.4K | 1,002 | 0.2% | 11 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $480.9K | 6,665 | 0.2% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $480.2K | 652 | 0.2% | 11 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $478.5K | 4,603 | 0.2% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $466.4K | 1,612 | 0.2% | 11 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $444.1K | 3,788 | 0.2% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $441.7K | 3,231 | 0.2% | 11 |
| ABRDN PLATINUM ETF TRUST | [PPLT](https://holderbook.com/stocks/PPLT/) | $438.0K | 31,000 | 0.2% | 11 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $436.7K | 1,465 | 0.2% | 11 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $432.7K | 1,476 | 0.2% | 11 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $430.9K | 3,500 | 0.2% | 11 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $417.0K | 1,211 | 0.2% | 11 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $410.6K | 2,429 | 0.2% | 11 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $391.4K | 5,440 | 0.1% | 11 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $376.6K | 1,708 | 0.1% | 11 |
| XENON PHARMACEUTICALS INC | [XENE](https://holderbook.com/stocks/XENE/) | $362.2K | 6,000 | 0.1% | 3 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $359.9K | 2,122 | 0.1% | 4 |
| SIRIUSXM HOLDINGS INC | [SIRI](https://holderbook.com/stocks/SIRI/) | $354.8K | 12,010 | 0.1% | 4 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $348.0K | 8,950 | 0.1% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $346.0K | 462 | 0.1% | 11 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $340.1K | 1,929 | 0.1% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $304.8K | 853 | 0.1% | 4 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $275.9K | 1,448 | 0.1% | 1 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $251.2K | 1,860 | 0.1% | 3 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $246.0K | 1,200 | 0.1% | 4 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $244.7K | 842 | 0.1% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $239.1K | 1,003 | 0.1% | 4 |
| SMUCKER J M CO | [SJM](https://holderbook.com/stocks/SJM/) | $238.5K | 2,120 | 0.1% | 11 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $228.3K | 2,008 | 0.1% | 1 |
| ATLANTA BRAVES HLDGS INC | [BATRA](https://holderbook.com/stocks/BATRA/) | $225.2K | 4,000 | 0.1% | 1 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $221.9K | 2,836 | 0.1% | 5 |

## 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 | +5.4% | +14.8% | -9.5% | 100% |
| Q1 2026 | -4.6% | -4.6% | +0.0% | 100% |
| Q4 2025 | -1.1% | +2.4% | -3.4% | 100% |
| Q3 2025 | +2.3% | +7.8% | -5.6% | 100% |
| Q2 2025 | +1.6% | +10.5% | -8.8% | 100% |
| Q1 2025 | +2.6% | -4.6% | +7.1% | 100% |
| Q4 2024 | -2.8% | +2.1% | -5.0% | 100% |
| Q3 2024 | +9.5% | +5.4% | +4.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $272.5M | 104 |
| Q1 2026 | $260.3M | 101 |
| Q4 2025 | $272.7M | 101 |
| Q3 2025 | $278.7M | 99 |
| Q2 2025 | $253.3M | 93 |
| Q1 2025 | $248.0M | 88 |
| Q4 2024 | $247.4M | 91 |
| Q3 2024 | $254.6M | 91 |
| Q2 2024 | $226.0M | 88 |
| Q1 2024 | $236.4M | 95 |
| Q4 2023 | $215.1M | 92 |