Telos Capital Management, Inc.
CIK 1567889 · View on SEC EDGAR ↗
- Portfolio value
- $1.1B
- Positions
- 201
- As of
- June 30, 2026
#2,248 of 9,443 by 13F value · top 23.8%
Portfolio value QoQ: +8.7% 13F does not disclose cash
- Top 10 holdings weight
- 28.22%
- Top 25 holdings weight
- 50.82%
- Positions above 1%
- 32
- Effective number of positions
- 63.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 2.98% Est. buys $32,428,631 · sells $49,320,325
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 85.5% still held
- New positions
- 16
- Increased
- 64
- Decreased
- 103
- Closed
- 6
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
17.5%
Industrials
8.5%
Healthcare
8.4%
Retail
6.7%
Communication Services
6.3%
Financial Services
6.1%
Energy
4.8%
Financials
4.4%
Real Estate
2.3%
Utilities
2.1%
Consumer Staples
1.9%
Consumer products
1.6%
Consumer Discretionary
1.5%
Communications
1.4%
Materials
0.7%
Logistics & Transportation
0.2%
Telecommunication
0.1%
Other/Unmapped
25.5%
Full portfolio 201 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AAPL Apple Inc. - Common Stock | $64,364,306 | 5.67% | 222,437 | $7,243,145 | Down ×4 | ||
| VTI | $40,688,611 | 3.59% | 109,957 | $1,778,341 | Down ×4 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $32,030,002 | 2.82% | 173,332 | $7,454,790 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $31,172,919 | 2.75% | 87,229 | $5,671,100 | Down ×4 | ||
| VEU | $30,133,351 | 2.66% | 359,801 | $3,413,528 | Up ×6 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $28,961,465 | 2.55% | 84,926 | $15,169,135 | Down ×1 | ||
| MS Morgan Stanley Common Stock | $26,444,996 | 2.33% | 126,507 | $4,907,209 | Down ×6 | ||
| VEA | $22,546,488 | 1.99% | 316,442 | $1,919,246 | Down ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $22,366,542 | 1.97% | 63,419 | $1,615,858 | Up ×4 | ||
| AMZN Amazon.com, Inc. - Common Stock | $21,510,662 | 1.90% | 90,252 | $1,612,754 | Down ×1 | ||
| V Visa Inc. | $21,451,224 | 1.89% | 62,524 | $2,479,643 | Down ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $21,379,296 | 1.88% | 65,314 | $2,084,265 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $20,108,880 | 1.77% | 148,515 | $-2,704,902 | Up ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $19,093,279 | 1.68% | 54,038 | $3,467,724 | Down ×3 | ||
| EOG EOG Resources, Inc. Common Stock | $18,300,672 | 1.61% | 141,067 | $-1,816,588 | Up ×6 | ||
| CVX Chevron Corporation Common Stock | $17,055,399 | 1.50% | 102,892 | $-4,270,961 | Down ×2 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $16,932,124 | 1.49% | 8,511 | $5,290,328 | Down ×3 | ||
| COST Costco Wholesale Corporation - Common Stock | $16,552,830 | 1.46% | 17,695 | $1,849,938 | Up ×5 | ||
| PG Procter & Gamble Company (The) Common Stock | $16,449,854 | 1.45% | 112,178 | $234,155 | Down ×3 | ||
| TRV The Travelers Companies, Inc. Common Stock | $16,223,656 | 1.43% | 49,145 | $1,919,058 | Up ×1 | ||
| IVV | $15,185,547 | 1.34% | 20,277 | $2,067,098 | Up ×3 | ||
| IJH | $14,905,747 | 1.31% | 193,305 | $2,070,420 | Up ×6 | ||
| QQQ Invesco QQQ Trust, Series 1 | $14,453,178 | 1.27% | 19,627 | $2,360,197 | Down ×4 | ||
| BRKB | $14,370,221 | 1.27% | 28,718 | $654,539 | Up ×5 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $13,995,687 | 1.23% | 119,153 | $4,372,355 | Down ×4 | ||
| CARR Carrier Global Corporation Common Stock | $13,754,817 | 1.21% | 187,523 | $3,181,034 | Down ×1 | ||
| AVDV | $13,004,601 | 1.15% | 126,197 | $291,224 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $12,669,400 | 1.12% | 33,964 | $409,249 | Up ×4 | ||
| MA Mastercard Incorporated Common Stock | $12,150,236 | 1.07% | 23,657 | $333,277 | Up ×1 | ||
| VRTX Vertex Pharmaceuticals Incorporated - Common Stock | $12,065,075 | 1.06% | 24,289 | $1,690,164 | Up ×6 | ||
| NOC Northrop Grumman Corporation Common Stock | $11,727,881 | 1.03% | 23,027 | $-3,345,278 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $11,694,985 | 1.03% | 46,049 | $336,750 | Down ×3 | ||
| NXPI NXP Semiconductors N.V. - Common Stock | $10,696,677 | 0.94% | 38,062 | $1,213,261 | Down ×3 | ||
| ROK Rockwell Automation, Inc. Common Stock | $10,080,289 | 0.89% | 20,361 | $2,712,976 | Down ×1 | ||
| RSG Republic Services, Inc. Common Stock | $9,588,193 | 0.84% | 44,998 | $13,218 | Up ×4 | ||
| NOW ServiceNow, Inc. Common Stock | $9,549,049 | 0.84% | 96,183 | $-547,554 | Down ×1 | ||
| AMGN Amgen Inc. - Common Stock | $9,411,515 | 0.83% | 25,990 | $259,270 | Down ×3 | ||
| PSX Phillips 66 Common Stock | $9,406,680 | 0.83% | 55,644 | $-939,551 | Down ×2 | ||
| WSM Williams-Sonoma, Inc. Common Stock (DE) | $9,231,926 | 0.81% | 39,605 | $1,992,513 | Down ×3 | ||
| VCSH Vanguard Short-Term Corporate Bond ETF | $9,101,868 | 0.80% | 115,170 | $596,349 | Up ×4 | ||
| DHR Danaher Corporation Common Stock | $9,057,619 | 0.80% | 47,552 | $83,557 | Up ×1 | ||
| IQV IQVIA Holdings, Inc. Common Stock | $9,034,002 | 0.80% | 46,755 | $1,091,101 | Up ×6 | ||
| PNC PNC Financial Services Group, Inc. (The) Common Stock | $8,758,257 | 0.77% | 35,571 | $1,207,235 | Down ×1 | ||
| IJR | $8,693,952 | 0.77% | 58,620 | $1,459,149 | Up ×6 | ||
| J Jacobs Solutions Inc. Common Stock | $8,635,927 | 0.76% | 68,539 | $-569,345 | Down ×4 | ||
| TEL TE Connectivity plc Ordinary Shares | $8,571,248 | 0.76% | 42,514 | $-94,513 | Up ×2 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $8,469,191 | 0.75% | 8,374 | $-1,253,754 | Down ×4 | ||
| AEP American Electric Power Company, Inc. - Common Stock | $7,989,658 | 0.70% | 58,400 | $193,225 | Down ×2 | ||
| AVEM | $7,721,130 | 0.68% | 80,020 | $1,198,984 | Down ×1 | ||
| NEE NextEra Energy, Inc. Common Stock | $7,703,520 | 0.68% | 87,769 | $-364,323 | Up ×1 | ||
| EW Edwards Lifesciences Corporation Common Stock | $7,491,084 | 0.66% | 82,811 | $891,290 | Up ×6 | ||
| APD Air Products and Chemicals, Inc. Common Stock | $7,377,111 | 0.65% | 25,162 | $-118,450 | Down ×3 | ||
| NFLX Netflix, Inc. - Common Stock | $7,364,054 | 0.65% | 103,138 | $-2,904,863 | Down ×1 | ||
| VCIT Vanguard Intermediate-Term Corporate Bond ETF | $7,213,351 | 0.64% | 87,276 | $469,257 | Up ×4 | ||
| CBRE CBRE Group Inc Common Stock Class A | $7,129,008 | 0.63% | 52,929 | $-8,786 | Up ×5 | ||
| RTX RTX Corporation Common Stock | $7,019,318 | 0.62% | 36,996 | $346,759 | Up ×1 | ||
| VYM | $7,018,503 | 0.62% | 44,412 | $238,088 | Down ×1 | ||
| RMD ResMed Inc. Common Stock | $6,976,815 | 0.61% | 35,801 | $-1,059,444 | Up ×6 | ||
| SO Southern Company (The) Common Stock | $6,939,999 | 0.61% | 72,511 | $99,389 | Up ×1 | ||
| DIS Walt Disney Company (The) Common Stock | $6,851,996 | 0.60% | 71,190 | $-324,128 | Down ×2 | ||
| IEFA | $6,748,679 | 0.59% | 69,877 | $334,205 | Down ×4 | ||
| ENB Enbridge Inc Common Stock | $6,746,290 | 0.59% | 124,447 | $-61,075 | Down ×2 | ||
| LMT Lockheed Martin Corporation Common Stock | $6,689,720 | 0.59% | 13,131 | $-1,579,098 | Down ×3 | ||
| O Realty Income Corporation Common Stock | $6,505,789 | 0.57% | 105,000 | $174,212 | Up ×1 | ||
| BMY Bristol-Myers Squibb Company Common Stock | $6,440,759 | 0.57% | 111,780 | $-600,006 | Down ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $6,320,678 | 0.56% | 11,221 | $-96,333 | Up ×1 | ||
| WMT Walmart Inc. - Common Stock | $6,070,890 | 0.53% | 53,601 | $-588,927 | Up ×1 | ||
| MCD McDonald's Corporation Common Stock | $5,860,567 | 0.52% | 21,681 | $-710,207 | Up ×4 | ||
| AVUV | $5,834,651 | 0.51% | 46,767 | $733,919 | Up ×6 | ||
| Unknown issuer (CUSIP: 438516205) | $5,789,159 | 0.51% | 25,856 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $5,716,245 | 0.50% | 25,856 | Up ×1 | |||
| NVDA NVIDIA Corporation - Common Stock | $5,630,601 | 0.50% | 28,140 | $-1,068,174 | Down ×1 | ||
| AVIV | $5,626,886 | 0.50% | 72,680 | $258,955 | Up ×1 | ||
| MDT Medtronic plc. Ordinary Shares | $5,392,131 | 0.48% | 68,927 | $-640,238 | Down ×1 | ||
| XLE XLE | $5,218,111 | 0.46% | 98,251 | $-706,405 | Up ×6 | ||
| ABBV AbbVie Inc. Common Stock | $4,625,163 | 0.41% | 18,380 | $553,951 | Down ×6 | ||
| RSP | $4,605,039 | 0.41% | 21,643 | $538,807 | Up ×6 | ||
| GPC Genuine Parts Company Common Stock | $4,584,528 | 0.40% | 38,859 | $61,824 | Down ×2 | ||
| EFV | $4,579,461 | 0.40% | 59,823 | $-6,580 | Down ×1 | ||
| WM Waste Management, Inc. Common Stock | $4,431,333 | 0.39% | 19,882 | $46,935 | Up ×4 | ||
| SMH SMH | $4,189,826 | 0.37% | 6,388 | $54,090 | Down ×2 | ||
| NVS Novartis AG Common Stock | $3,993,654 | 0.35% | 25,483 | $67,561 | Down ×6 | ||
| XLV XLV | $3,983,620 | 0.35% | 25,108 | Up ×1 | |||
| AMTM Amentum Holdings, Inc. Common Stock | $3,836,580 | 0.34% | 185,611 | $-1,116,039 | Down ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $3,221,284 | 0.28% | 23,561 | $-853,959 | Down ×1 | ||
| CAT Caterpillar, Inc. Common Stock | $3,159,649 | 0.28% | 2,967 | $1,068,931 | Up ×1 | ||
| SPY SPY | $3,068,873 | 0.27% | 4,110 | $626,920 | Up ×1 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $2,969,378 | 0.26% | 3,891 | $1,350,738 | Down ×1 | ||
| IWS | $2,933,148 | 0.26% | 17,820 | $238,566 | Down ×1 | ||
| LLY Eli Lilly and Company Common Stock | $2,761,088 | 0.24% | 2,302 | $644,697 | Up ×1 | ||
| VBR | $2,734,927 | 0.24% | 11,255 | $183,437 | Down ×1 | ||
| SOXX SOXX | $2,698,241 | 0.24% | 4,211 | $1,194,292 | Down ×4 | ||
| ABT Abbott Laboratories Common Stock | $2,627,740 | 0.23% | 28,959 | $-335,214 | Up ×1 | ||
| UNP Union Pacific Corporation Common Stock | $2,201,510 | 0.19% | 8,094 | $228,576 | Down ×3 | ||
| LRCX Lam Research Corporation - Common Stock | $2,146,717 | 0.19% | 4,954 | $1,056,623 | Down ×4 | ||
| DE Deere & Company Common Stock | $2,086,032 | 0.18% | 3,289 | $241,589 | Up ×1 | ||
| VXF | $2,025,816 | 0.18% | 8,228 | $-486,564 | Down ×4 | ||
| PLD Prologis, Inc. Common Stock | $1,983,552 | 0.17% | 14,642 | $-13,510 | Down ×3 | ||
| AFL AFLAC Incorporated Common Stock | $1,926,066 | 0.17% | 16,427 | $123,859 | |||
| IBM International Business Machines Corporation Common Stock | $1,902,453 | 0.17% | 6,765 | $222,982 | Down ×3 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VEU | $30,133,351 | 2.66% | up ×6 |
| HD | $22,366,542 | 1.97% | up ×4 |
| PEP | $20,108,880 | 1.77% | up ×6 |
| EOG | $18,300,672 | 1.61% | up ×6 |
| COST | $16,552,830 | 1.46% | up ×5 |
| IVV | $15,185,547 | 1.34% | up ×3 |
| IJH | $14,905,747 | 1.31% | up ×6 |
| BRKB | $14,370,221 | 1.27% | up ×5 |
| MSFT | $12,669,400 | 1.12% | up ×4 |
| VRTX | $12,065,075 | 1.06% | up ×6 |
| RSG | $9,588,193 | 0.84% | up ×4 |
| VCSH | $9,101,868 | 0.80% | up ×4 |
| IQV | $9,034,002 | 0.80% | up ×6 |
| IJR | $8,693,952 | 0.77% | up ×6 |
| EW | $7,491,084 | 0.66% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 438516205) | $5,789,159 | 25,856 | 0.51% |
| Unknown issuer (CUSIP: 43849R105) | $5,716,245 | 25,856 | 0.50% |
| XLV | $3,983,620 | 25,108 | 0.35% |
| IGV | $691,641 | 7,634 | 0.06% |
| INTC | $333,809 | 2,391 | 0.03% |
| FRDM | $309,971 | 4,252 | 0.03% |
| GLW | $300,642 | 1,177 | 0.03% |
| FTNT | $296,948 | 1,933 | 0.03% |
| VB | $284,933 | 940 | 0.03% |
| NVO | $238,166 | 4,968 | 0.02% |
| BUG | $232,463 | 6,087 | 0.02% |
| BAC | $222,109 | 3,898 | 0.02% |
| IWB | $214,578 | 524 | 0.02% |
| IMCG | $209,085 | 2,127 | 0.02% |
| LEN | $206,638 | 2,284 | 0.02% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| HON | June 30, 2026 | 48,383 | $10,935,944 | -1.9% |
| UNH | June 30, 2025 | 14,769 | $7,735,264 | 24.2% |
| PYPL | March 31, 2026 | 100,818 | $5,885,755 | 37.6% |
| FDX | March 31, 2025 | 19,768 | $5,561,240 | 35.1% |
| IVE | March 31, 2026 | 18,614 | $3,947,575 | No longer tracked |
| NKE | March 31, 2025 | 51,483 | $3,895,751 | -36.1% |
| ADBE | Sept. 30, 2025 | 9,171 | $3,548,077 | -22.6% |
| XLF | March 31, 2026 | 61,600 | $3,373,825 | No longer tracked |
| ACN | Sept. 30, 2025 | 8,546 | $2,554,314 | -26.0% |
| XBI | March 31, 2025 | 27,816 | $2,505,097 | No longer tracked |
| ZTS | Sept. 30, 2025 | 12,867 | $2,006,654 | -47.6% |
| BRKA | Dec. 31, 2025 | 1 | $754,200 | No longer tracked |
| EWY | Sept. 30, 2025 | 9,897 | $710,408 | No longer tracked |
| SCHB | Sept. 30, 2025 | 17,303 | $412,338 | No longer tracked |
| FLGPRU | Dec. 31, 2025 | 9,200 | $366,712 | No longer tracked |
| IWB | March 31, 2025 | 1,060 | $341,639 | No longer tracked |
| GEV | March 31, 2025 | 961 | $316,102 | 217.8% |
| RS | Sept. 30, 2025 | 900 | $282,510 | 38.1% |
| TGT | Sept. 30, 2025 | 2,841 | $280,265 | 81.1% |
| ALEX | March 31, 2026 | 13,259 | $273,658 | No longer tracked |
| OTIS | March 31, 2025 | 2,932 | $271,495 | -30.3% |
| GEV | Dec. 31, 2025 | 427 | $262,563 | 48.5% |
| CAG | June 30, 2025 | 9,412 | $251,008 | -21.5% |
| LECO | June 30, 2026 | 997 | $248,333 | 5.1% |
| INTU | June 30, 2026 | 560 | $242,133 | 38.2% |
| BAC | March 31, 2026 | 4,308 | $236,940 | 28.1% |
| VLTO | Dec. 31, 2025 | 2,200 | $234,542 | -0.7% |
| LEN | March 31, 2026 | 2,267 | $233,001 | -0.5% |
| NVO | March 31, 2026 | 4,519 | $229,927 | 27.1% |
| VO | March 31, 2025 | 856 | $226,096 | No longer tracked |
| TXN | Sept. 30, 2025 | 1,076 | $223,400 | 44.3% |
| SCHX | June 30, 2025 | 10,108 | $223,185 | No longer tracked |
| DOCU | March 31, 2025 | 2,455 | $220,803 | -25.1% |
| ALNY | Dec. 31, 2025 | 483 | $220,248 | -42.2% |
| ED | March 31, 2026 | 2,200 | $218,504 | -4.6% |
| SLP | March 31, 2025 | 7,724 | $215,423 | -25.0% |
| REGN | March 31, 2025 | 301 | $214,412 | 32.1% |
| BLK | March 31, 2025 | 208 | $213,223 | 22.2% |
| FIBK | March 31, 2025 | 6,563 | $213,101 | 32.8% |
| SRE | June 30, 2025 | 2,950 | $210,512 | 13.9% |
| LW | March 31, 2025 | 3,144 | $210,127 | 0.1% |
| ADP | June 30, 2026 | 1,030 | $209,276 | 24.6% |
| IWB | Sept. 30, 2025 | 612 | $207,817 | No longer tracked |
| VTRS | June 30, 2026 | 15,382 | $207,808 | 1.1% |
| VB | March 31, 2026 | 783 | $201,975 | No longer tracked |
| SYK | Sept. 30, 2025 | 508 | $200,981 | -10.6% |
| GILD | June 30, 2026 | 1,436 | $200,144 | 14.6% |
| CAG | Dec. 31, 2025 | 10,001 | $183,110 | -7.2% |
| CWH | March 31, 2026 | 15,000 | $145,950 | -2.2% |
| OPRT | June 30, 2025 | 20,015 | $109,883 | 5.0% |
| NIO | March 31, 2025 | 13,548 | $59,070 | 20.1% |