13F
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DAVIDSON INVESTMENT ADVISORS

13F equity value
$2.0B
Positions
120
Top 10 concentration
31.2%
Quarters / total new picks
29 / 88
13F equity value over time
$0M$1B$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +2.5% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 44.8% of quarters (excess t = 0.57, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.0%
t-stat
0.57
Quarterly win rate
45%
Annualized excess
-4.0%
$1 → follow vs universe
$1.57 vs $2.06
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120181231: universe 0.91120190331: universe 0.89620190630: universe 0.96320190930: universe 1.03520191231: universe 0.83520200331: universe 1.00720200630: universe 1.11220200930: universe 1.36420201231: universe 1.42620210331: universe 1.43920210630: universe 1.55420210930: universe 1.39520211231: universe 1.18720220331: universe 1.27520220630: universe 1.18120220930: universe 1.26820230331: universe 1.33620230630: universe 1.28820230930: universe 1.46220231231: universe 1.52820240331: universe 1.56220240630: universe 1.70420240930: universe 1.69020241231: universe 1.57720250331: universe 1.71920250630: universe 1.77320250930: universe 1.99420251231: universe 2.063 20180630: follow 0.89520181231: follow 0.85820190331: follow 0.87820190630: follow 0.98120190930: follow 1.05620191231: follow 0.95220200331: follow 1.11720200630: follow 1.25120200930: follow 1.75320201231: follow 1.80220210331: follow 1.73420210630: follow 1.70020210930: follow 1.52420211231: follow 1.15720220331: follow 1.14920220630: follow 1.21420220930: follow 1.47320230331: follow 1.57020230630: follow 1.34120230930: follow 1.53920231231: follow 1.79020240331: follow 1.69520240630: follow 1.64620240930: follow 1.89520241231: follow 1.57020250331: follow 1.62120250630: follow 1.76020250930: follow 1.90020251231: follow 1.576 0.77 1.50 2.23 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 120 · 2026 Q1

Ticker Value Weight QoQ
IDEV $107M
5.3%
ADD
MSFT $81M
4.0%
HOLD
AAPL $81M
4.0%
HOLD
AMZN $79M
3.9%
TRIM
GOOG $74M
3.6%
ADD
RTX $49M
2.4%
ADD
WMT $48M
2.4%
ADD
HON $40M
2.0%
ADD
LH $37M
1.8%
HOLD
VB $37M
1.8%
ADD
CVX $36M
1.8%
ADD
MDT $34M
1.7%
HOLD
AGNC $33M
1.6%
TRIM
C $32M
1.6%
ADD
V $31M
1.6%
HOLD
SRE $31M
1.5%
HOLD
VRTX $30M
1.5%
TRIM
TSM $30M
1.5%
TRIM
NFLX $30M
1.5%
TRIM
GS $28M
1.4%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

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Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.