# DAVIDSON INVESTMENT ADVISORS: Form 13F holdings

An institutional investment manager in GREAT FALLS, MT. SEC CIK 1140771.

- Quarter ended: 2026-06-30
- Filed: 2026-07-21
- Reported value: $2.45bn
- Positions: 123 (123 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1140771/000114077126000005/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ISHARES TR | CORE MSCITOTAL | $202.5m | 8.3% | 2,122,254 |  | Added +1,137 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CLASS C | $117.4m | 4.8% | 332,294 |  | Reduced −30,158 |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COMMON | $106.7m | 4.4% | 447,774 |  | Reduced −16,289 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COMMON | $98.9m | 4.0% | 341,640 |  | Reduced −12,078 |
| [TAIWAN SEMICONDUCTOR (TSM)](/companies/tsm.md) | SP ADR (5 ORD) | $95.6m | 3.9% | 200,103 |  | Reduced −9,340 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COMMON | $90.6m | 3.7% | 242,760 |  | Reduced −6,535 |
| [NVIDIA CORP (NVDA)](/companies/nvda.md) | COMMON | $77.8m | 3.2% | 388,989 |  | Added +49,696 |
| [HYATT HOTELS CORP (H)](/companies/h.md) | CLASS A | $55.1m | 2.3% | 284,109 |  | Reduced −9,395 |
| [META PLATFORMS INC (META)](/companies/meta.md) | COM USD0.000006 CL A | $50.2m | 2.1% | 89,113 |  | Added +4,320 |
| [BROADCOM INC (AVGO)](/companies/avgo.md) | COMMON | $48.6m | 2.0% | 128,579 |  | Added +26,614 |
| EATON CORPORATION | COMMON | $48.2m | 2.0% | 113,066 |  | Added +30,933 |
| [CITIGROUP INC (C)](/companies/c.md) | COMMON | $42.1m | 1.7% | 300,617 |  | Reduced −16,922 |
| VANGUARD U.S | MOMENTUM FACTOR ETF | $39.0m | 1.6% | 156,341 |  | Added +2,823 |
| [SEMPRA (SRE)](/companies/sre.md) | COMMON | $38.5m | 1.6% | 414,833 |  | Reduced −10,601 |
| [LABCORP HOLDINGS INC (LH)](/companies/lh.md) | COMMON | $37.2m | 1.5% | 132,898 |  | Reduced −4,110 |
| [AGNC INVT CORP (AGNC)](/companies/agnc.md) | COM | $36.7m | 1.5% | 3,371,067 |  | Reduced −652,822 |
| [VISA INC (V)](/companies/v.md) | CLASS A | $35.0m | 1.4% | 102,129 |  | Added +14,874 |
| [CISCO SYSTEMS INC (CSCO)](/companies/csco.md) | COMMON | $34.8m | 1.4% | 296,446 |  | Reduced −28,320 |
| [ANALOG DEVICES INC (ADI)](/companies/adi.md) | COMMON | $33.1m | 1.4% | 83,377 |  | Reduced −2,051 |
| [ARISTA NETWORKS IN (ANET)](/companies/anet.md) | COM USD0.0001 | $32.0m | 1.3% | 188,476 |  | Reduced −11,716 |
| [RTX CORPORATION (RTX)](/companies/rtx.md) | COM USD1 | $31.1m | 1.3% | 163,898 |  | Reduced −90,012 |
| ISHARES MSCI USA | EQUAL WEIGHTED ETF | $28.7m | 1.2% | 251,532 |  | Added +2,912 |
| MEDTRONIC PLC | ORDINARY SHS $0.0001 | $27.3m | 1.1% | 348,684 |  | Reduced −15,016 |
| [PALO ALTO NETWORKS (PANW)](/companies/panw.md) | COMMON | $26.9m | 1.1% | 78,979 |  | Reduced −27,539 |
| [THE CIGNA GROUP (CI)](/companies/ci.md) | COMMON USD0.01 | $26.3m | 1.1% | 95,348 |  | Reduced −4,521 |
| [CVS HEALTH CORP (CVS)](/companies/cvs.md) | COMMON | $25.3m | 1.0% | 244,542 |  | Reduced −1,537 |
| [CAMDEN PPTY TR (CPT)](/companies/cpt.md) | SH BEN INT | $25.1m | 1.0% | 218,944 |  | Added +60,064 |
| [GOLDMAN SACHS GROUP (GS)](/companies/gs.md) | COMMON | $24.9m | 1.0% | 24,653 |  | Reduced −7,674 |
| [PROGRESSIVE CORP (PGR)](/companies/pgr.md) | COMMON | $24.7m | 1.0% | 112,873 |  | Added +28,928 |
| [WALMART INC (WMT)](/companies/wmt.md) | COMMON | $24.2m | 1.0% | 214,078 |  | Reduced −10,798 |
| [VERTEX PHARMA (VRTX)](/companies/vrtx.md) | COMMON | $24.2m | 1.0% | 48,710 |  | Reduced −2,512 |
| [FEDEX FGHT HLDG CO (FDXF)](/companies/fdxf.md) | COMMON | $23.0m | 0.9% | 152,374 |  | New +152,374 |
| [BOEING CO (BA)](/companies/ba.md) | COMMON | $22.1m | 0.9% | 102,283 |  | Reduced −374 |
| [QUALCOMM INC (QCOM)](/companies/qcom.md) | COMMON | $22.0m | 0.9% | 119,319 |  | Reduced −22,978 |
| [STANDARDAERO INC (SARO)](/companies/saro.md) | COMMON STOCK | $21.9m | 0.9% | 731,491 |  | Added +124,444 |
| [BANK OF AMERICA CORP (BAC)](/companies/bac.md) | COMMON | $21.8m | 0.9% | 383,246 |  | Reduced −3,522 |
| [SCHWAB CHARLES CORP (SCHW)](/companies/schw.md) | COM | $21.7m | 0.9% | 234,899 |  | Reduced −1,035 |
| [HOME DEPOT INC (HD)](/companies/hd.md) | COMMON | $21.5m | 0.9% | 61,101 |  | Reduced −3,831 |
| [GILDAN ACTIVEWEAR (GIL)](/companies/gil.md) | COMMON | $21.4m | 0.9% | 415,251 |  | Reduced −24,371 |
| [CHEVRON CORP (CVX)](/companies/cvx.md) | COMMON | $20.9m | 0.9% | 125,820 |  | Reduced −7,798 |
| VANGUARD MUN BD FD | INC TAX-EXEMPT BD | $20.8m | 0.9% | 411,742 |  | Added +20,355 |
| [PHILIP MORRIS INTL (PM)](/companies/pm.md) | COMMON | $20.8m | 0.9% | 114,953 |  | Reduced −641 |
| [EOG RESOURCES INC (EOG)](/companies/eog.md) | COMMON | $20.6m | 0.8% | 159,172 |  | Reduced −8,122 |
| ASTRAZENECA PLC | ORD USD0.25 | $20.6m | 0.8% | 108,676 |  | Reduced −6,665 |
| [CORTEVA INC (CTVA)](/companies/ctva.md) | COM | $19.5m | 0.8% | 230,036 |  | Reduced −13,776 |
| VANECK ETF TR | AMT FREE INTMUNETF | $19.3m | 0.8% | 410,872 |  | Added +6,505 |
| [THERMO FISHER SCI (TMO)](/companies/tmo.md) | COMMON | $19.3m | 0.8% | 38,437 |  | Reduced −1,449 |
| [OTIS WORLDWIDE CORP (OTIS)](/companies/otis.md) | COMMON USD0.01 | $18.8m | 0.8% | 262,612 |  | Reduced −33,062 |
| [FIRST INTST BANCSYS (FIBK)](/companies/fibk.md) | CLASS A | $18.5m | 0.8% | 478,878 |  | Reduced −1,364 |
| [DYNATRACE HOLDINGS (DT)](/companies/dt.md) | COMMON | $18.3m | 0.7% | 417,440 |  | Reduced −21,586 |
| [NETFLIX INC (NFLX)](/companies/nflx.md) | COMMON | $17.8m | 0.7% | 249,653 |  | Reduced −14,259 |
| [TERRENO RLTY CORP (TRNO)](/companies/trno.md) | COMMON | $17.8m | 0.7% | 275,086 |  | Added +222 |
| [EXELON CORP (EXC)](/companies/exc.md) | COMMON | $17.1m | 0.7% | 366,488 |  | Reduced −21,235 |
| [TRIMBLE INC (TRMB)](/companies/trmb.md) | COM NPV | $17.0m | 0.7% | 331,617 |  | Added +90,543 |
| ISHARES TR | MSCI USA MMENTM | $16.8m | 0.7% | 49,002 |  | New +49,002 |
| [ELANCO ANIMAL HEALTH (ELAN)](/companies/elan.md) | COMMON | $16.5m | 0.7% | 668,594 |  | Reduced −1,853 |
| [CANADIAN PACIFIC KC (CP)](/companies/cp.md) | COMMON | $16.3m | 0.7% | 188,197 |  | Reduced −275 |
| [CONSTELLATION BRANDS (STZ)](/companies/stz.md) | CLASS A | $16.1m | 0.7% | 115,584 |  | Reduced −7,833 |
| [BRISTOL MYERS SQUIBB (BMY)](/companies/bmy.md) | COMMON | $16.0m | 0.7% | 277,201 |  | Reduced −15,902 |
| [T-MOBILE US INC (TMUS)](/companies/tmus.md) | COMMON | $15.4m | 0.6% | 91,832 |  | Reduced −5,361 |
| [LOWES CO (LOW)](/companies/low.md) | COMMON | $15.1m | 0.6% | 68,609 |  | Reduced −514 |
| [INTER CONTINENTAL EX (ICE)](/companies/ice.md) | COM | $14.6m | 0.6% | 118,842 |  | Reduced −519 |
| [GLACIER BANCORP INC (GBCI)](/companies/gbci.md) | COMMON | $14.6m | 0.6% | 283,016 |  | Reduced −16,566 |
| [PFIZER INC (PFE)](/companies/pfe.md) | COMMON | $13.7m | 0.6% | 570,345 |  | Reduced −8,111 |
| [COMCAST CORP (CMCSA)](/companies/cmcsa.md) | CLASS A | $13.4m | 0.5% | 546,533 |  | Reduced −346 |
| [EQT CORP (EQT)](/companies/eqt.md) | COM | $13.3m | 0.5% | 250,007 |  | Reduced −1,116 |
| LINDE PLC | SHS | $12.9m | 0.5% | 24,822 |  | Added +24 |
| [SALESFORCE INC (CRM)](/companies/crm.md) | COMMON | $12.5m | 0.5% | 79,958 |  | Reduced −6,925 |
| [HONEYWELL INTL INC (HON)](/companies/hon.md) | COMMON | $12.0m | 0.5% | 53,764 |  | New +53,764 |
| [HONEYWELL AEROSPACE (HONA)](/companies/hona.md) | COMMON | $11.8m | 0.5% | 53,381 |  | New +53,381 |
| [FULLER H B CO (FUL)](/companies/ful.md) | COM USD1 | $11.6m | 0.5% | 199,390 |  | Reduced −10,044 |
| ISHARES TR | CORE DIV GRWTH | $11.5m | 0.5% | 151,090 |  | Added +10,975 |
| [WAFD INC (WAFD)](/companies/wafd.md) | COMMON | $10.9m | 0.4% | 282,839 |  | Reduced −19,209 |
| [INFINEON TECH AG (IFNNY)](/companies/ifnny.md) | ADR EAREP 1 ORD NPV | $10.7m | 0.4% | 114,123 |  | New +114,123 |
| JPMORGAN | ULTRA-SHRT MUNICIPAL | $10.7m | 0.4% | 209,448 |  | Reduced −7,383 |
| [INTUIT (INTU)](/companies/intu.md) | COMMON | $9.9m | 0.4% | 37,855 |  | Reduced −3,875 |
| [DIAMONDBACK ENERGY (FANG)](/companies/fang.md) | COMMON | $9.8m | 0.4% | 55,568 |  | Reduced −1,454 |
| ISHARES TRUST CORE | S&P TOTAL US STK MKT | $8.1m | 0.3% | 49,458 |  | Reduced −816 |
| [ZOETIS INC (ZTS)](/companies/zts.md) | COMMON | $8.0m | 0.3% | 111,868 |  | Added +58,044 |
| [BELLRING BRANDS INC (BRBR)](/companies/brbr.md) | COM USD0.01 | $7.9m | 0.3% | 610,859 |  | Reduced −131,102 |
| [EXPAND ENERGY CORP (EXE)](/companies/exe.md) | COMMON | $6.9m | 0.3% | 75,621 |  | Reduced −5,404 |
| VANGUARD INDEX TR | SMALL CAP | $6.1m | 0.2% | 20,105 |  | Reduced −805 |
| ISHARES TR | NATL AMT FREE MUNI B | $5.2m | 0.2% | 48,395 |  | Reduced −765 |
| SPDR SER TR | STATE STR NUVN ICE S | $2.1m | <0.1% | 43,357 |  | Reduced −4,001 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CLASS A | $1.8m | <0.1% | 5,096 |  | Reduced −226 |
| [JOHNSON & JOHNSON (JNJ)](/companies/jnj.md) | COMMON | $1.8m | <0.1% | 6,977 |  | Added +146 |
| VANGUARD INDEX TR | TOTAL STOCK MARKET | $1.5m | <0.1% | 4,052 |  | Unchanged |
| ISHARES TR | CALI AMT-FREE MUNI B | $1.5m | <0.1% | 25,689 |  | Added +2,521 |
| [CATERPILLAR INC (CAT)](/companies/cat.md) | COMMON | $1.5m | <0.1% | 1,389 |  | Unchanged |
| [JPMORGAN CHASE & CO (JPM)](/companies/jpm.md) | COMMON | $1.3m | <0.1% | 4,058 |  | Reduced −170 |
| [COSTCO WHSL CORP (COST)](/companies/cost.md) | COMMON | $1.2m | <0.1% | 1,260 |  | Added +8 |
| VANGUARD SCOTTSDAL | FDS VNG RUS3000IDX | $1.0m | <0.1% | 3,061 |  | Reduced −185 |
| [FEDEX CORP (FDX)](/companies/fdx.md) | COMMON | $851.4k | <0.1% | 2,719 |  | Reduced −71,621 |
| [ABBVIE INC (ABBV)](/companies/abbv.md) | COMMON | $849.8k | <0.1% | 3,377 |  | Reduced −100 |
| ISHARES TRUST | CORE S&P MID-CAP ETF | $751.6k | <0.1% | 9,747 |  | Unchanged |
| [MORGAN STANLEY (MS)](/companies/ms.md) | COMMON | $716.4k | <0.1% | 3,427 |  | Unchanged |
| [SOUTHERN CO (SO)](/companies/so.md) | COMMON | $698.7k | <0.1% | 7,300 |  | Unchanged |
| ISHARES TR | CORE MSCI INTL | $633.6k | <0.1% | 7,118 |  | Reduced −2,943 |
| VANGUARD INDEX FDS | S&P 500 ETF SHS | $616.8k | <0.1% | 898 |  | Unchanged |
| ISHARES TR | CORE UNIVERSAL USD | $564.7k | <0.1% | 12,237 |  | Added +234 |
| [CUMMINS INC (CMI)](/companies/cmi.md) | COMMON | $556.3k | <0.1% | 780 |  | Reduced −32 |
| ISHARES | RUSSELL 3000 ETF | $447.7k | <0.1% | 1,050 |  | Unchanged |
| VANGUARD STAR FUND | TOT INTL STK IDX FD | $408.4k | <0.1% | 4,777 |  | Added +625 |
| [STRYKER CORP (SYK)](/companies/syk.md) | COMMON | $408.0k | <0.1% | 1,296 |  | Added +41 |
| [LAM RESEARCH CORPORA (LRCX)](/companies/lrcx.md) | COMMON | $400.4k | <0.1% | 924 |  | Reduced −126 |
| ISHARES TR | CORE S&P SMALL-CAP | $391.1k | <0.1% | 2,637 |  | Added +21 |
| [DEERE & CO (DE)](/companies/de.md) | COMMON | $378.1k | <0.1% | 596 |  | Added +30 |
| [TESLA INC (TSLA)](/companies/tsla.md) | COM | $374.3k | <0.1% | 890 |  | Unchanged |
| [APOLLO GLOBAL MGMT (APO)](/companies/apo.md) | COMMON STOCK | $357.3k | <0.1% | 3,020 |  | Unchanged |
| VANGUARD WORLD FD | MEGA GRWTH IND | $342.8k | <0.1% | 3,900 |  | Added +3,120 |
| VANGUARD WORLD FD | ETF MEGA CAP INDEX | $329.5k | <0.1% | 1,204 |  | Unchanged |
| [SPDR GOLD TR (GLD)](/companies/gld.md) | GOLD SHS | $320.5k | <0.1% | 870 |  | Reduced −1,075 |
| VANGUARD BD INDEX FD | ETF SHORT TRM BOND | $311.6k | <0.1% | 4,000 |  | Unchanged |
| [SILICON LABS INC (SLAB)](/companies/slab.md) | COMMON | $294.0k | <0.1% | 1,345 |  | Reduced −51,172 |
| [ABBOTT LABS (ABT)](/companies/abt.md) | COMMON | $279.8k | <0.1% | 3,084 |  | Added +106 |
| [LILLY ELI & CO (LLY)](/companies/lly.md) | COMMON | $278.3k | <0.1% | 232 |  | Unchanged |
| [STATE ST SPDR S&P500 (SPY)](/companies/spy.md) | UNITS SER 1 S&P | $260.6k | <0.1% | 349 |  | Reduced −93 |
| [ORACLE CORP (ORCL)](/companies/orcl.md) | COMMON | $252.8k | <0.1% | 1,725 |  | Unchanged |
| ISHARES TR | NY AMT-FREE MUNI BD | $237.5k | <0.1% | 4,406 |  | Reduced −665 |
| [EQUINIX INC (EQIX)](/companies/eqix.md) | COMMON | $232.5k | <0.1% | 223 |  | Unchanged |
| [BERKSHIRE HATHAWAY (BRK-B)](/companies/brk-b.md) | CLASS B | $227.2k | <0.1% | 454 |  | Unchanged |
| [NEXTERA ENERGY INC (NEE)](/companies/nee.md) | COMMON | $226.4k | <0.1% | 2,579 |  | Reduced −108 |
| EXXON MOBIL CORP | COMMON | $218.9k | <0.1% | 1,601 |  | Added +388 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [BECTON DICKINSON (BDX)](/companies/bdx.md) | COMMON | $0 | 0.0% | 0 |  | Sold out −2,072 |
| CHUBB LIMITED | COMMON | $0 | 0.0% | 0 |  | Sold out −665 |
| [CUBESMART (CUBE)](/companies/cube.md) | COMMON | $0 | 0.0% | 0 |  | Sold out −447,155 |
| HONEYWELL INTL INC | COMMON | $0 | 0.0% | 0 |  | Sold out −114,519 |
| ISHARES TR | PFD AND INCM SEC | $0 | 0.0% | 0 |  | Sold out −121,591 |
| [LAS VEGAS SANDS CORP (LVS)](/companies/lvs.md) | COMMON | $0 | 0.0% | 0 |  | Sold out −6,462 |
| [PAYPAL HLDGS INC (PYPL)](/companies/pypl.md) | COM | $0 | 0.0% | 0 |  | Sold out −266,564 |
| VANGUARD WHITEHALL F | HIGH DIV YLD | $0 | 0.0% | 0 |  | Sold out −58,029 |

Source: SEC EDGAR, Form 13F-HR, accession 0001140771-26-000005. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.