Managers / Q1 2026
BROWN, LISLE/CUMMINGS, INC.
CIK 0000014745 · ONE TURKS HEAD PLACE - SUITE 800, PROVIDENCE, RI, 02903-2273 · (401) 421-8900
Summary
Brown, Lisle/Cummings, Inc. reported $400M in U.S.-listed holdings across 1,021 positions for Q1 2026.
Its largest position, State Str Spdr S P 500 Etf T, represents 4.1% of the portfolio.
Compared with Q4 2025, the fund opened 289 new positions and exited 10.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 77.1% · $309M
- ETP · 18.1% · $72M
- Other · 2.0% · $8M
- REIT · 1.3% · $5M
- ADR · 1.2% · $5M
- Other · 0.3% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ASTRAZENECA PLC | NEW | +617 | 617 | +$121,604 | $121,604 |
| SSGA ACTIVE TR | NEW | +1.5K | 1.5K | +$88,689 | $88,689 |
| SPDR INDEX SHS FDS | NEW | +1.8K | 1.8K | +$82,535 | $82,535 |
| SSGA ACTIVE TR | NEW | +2.9K | 2.9K | +$75,102 | $75,102 |
| ISHARES TR | NEW | +3.3K | 3.3K | +$74,526 | $74,526 |
| VANECK ETF TRUST | NEW | +140 | 140 | +$53,676 | $53,676 |
| SPDR INDEX SHS FDS | NEW | +1.1K | 1.1K | +$52,914 | $52,914 |
| FIXCOMFORT SYS USA INC | NEW | +34 | 34 | +$46,886 | $46,886 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $400M | 1,021 | Apr 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $406M | 742 | Jan 23, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $390M | 760 | Oct 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $376M | 772 | Jul 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $345M | 784 | Apr 22, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $335M | 638 | Jan 27, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $329M | 619 | Oct 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $307M | 614 | Jul 17, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.