SEC 13F Intelligence

Managers / Q3 2020 · view latest →

DAVIDSON INVESTMENT ADVISORS

CIK 0001140771 · 8 THIRD STREET NORTH, GREAT FALLS, MT, 59401 · 4067917314

Reported Value
$939M
Q3 2020
Positions
93
Filings on Record
32
2019–present window
Filed
Nov 2, 2020
original filing

Summary

Davidson Investment Advisors reported $939M in U.S.-listed holdings across 93 positions for Q3 2020.

Its largest position, MSFT, represents 5.5% of the portfolio.

Compared with Q2 2020, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+32.5%
share of reported value
Largest Position
+5.5%
Microsoft
New / Exited
2 / 5
positions this quarter

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

13F Reported Value
Q4 ’18: $862MQ4 ’18Q1 ’19: $954MQ2 ’19: $960MQ3 ’19: $963MQ4 ’19: $1.0BQ4 ’19Q1 ’20: $774MQ2 ’20: $905MQ3 ’20: $939MQ4 ’20: $1.1BQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.2BQ3 ’21: $1.3BQ4 ’21: $1.4BQ4 ’21Q1 ’22: $1.4BQ2 ’22: $1.2BQ3 ’22: $1.2BQ4 ’22: $1.3BQ4 ’22Q1 ’23: $1.5BQ2 ’23: $1.5BQ3 ’23: $1.6BQ4 ’23: $1.7BQ4 ’23Q1 ’24: $1.9BQ2 ’24: $1.9BQ3 ’24: $2.1BQ4 ’24: $2.1BQ4 ’24Q1 ’25: $2.0BQ2 ’25: $2.2BQ3 ’25: $2.4BQ4 ’25: $2.4BQ4 ’25Q1 ’26: $2.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.0%Other: 5.2%REIT: 4.6%ETP: 2.2%ADR: 1.0%Other: 0.0%
  • Common Stock · 87.0% · $818M
  • Other · 5.2% · $49M
  • REIT · 4.6% · $43M
  • ETP · 2.2% · $21M
  • ADR · 1.0% · $9M
  • Other · 0.0% · $59,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSGOLDMAN SACHS GROUPNEW+55.7K55.7K+$11M$11M
ISHARESNEW+1.1K1.1K+$206,000$206,000
AAPLAPPLE INCADDED+284.9K420.6K−$791,000$49M
VANGUARD FTSEADDED+25.5K49.5K+$1M$2M
STTSTATE STREET CORPSOLD OUT−118.0K0−$7M$0
CHDCHURCH & DWIGHT INCSOLD OUT−86.4K0−$7M$0
PG4PRINCIPAL FINANCIALSOLD OUT−149.3K0−$6M$0
ZTSZOETIS INCSOLD OUT−2.0K0−$274,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COMMON5.48%$51M244.7K
2AAPLAPPLE INChistory →COMMON5.18%$49M420.6K
3GOOGALPHABET INChistory →CLASS C4.14%$39M26.5K
4AMZNAMAZON COM INChistory →COMMON3.40%$32M10.2K
5CSCOCISCO SYSTEMS INChistory →COMMON2.61%$25M622.8K
6WMTWALMART INChistory →COMMON2.57%$24M172.5K
7CMCSACOMCAST CORPhistory →CLASS A2.35%$22M477.2K
8FISFIDELITY NATL INFOhistory →COMMON2.26%$21M144.3K
9LABORATORY CORP AMERCOMMON2.26%$21M112.7K
10SBUXSTARBUCKS CORPhistory →COMMON2.23%$21M243.5K
11PEPPEPSICO INChistory →COMMON2.20%$21M149.3K
12JNJJOHNSON & JOHNSONhistory →COMMON2.07%$19M130.4K
13MMM3M COMPANYhistory →COMMON1.91%$18M111.8K
14PFEPFIZER INChistory →COMMON1.87%$18M478.1K
15SOSOUTHERN COhistory →COMMON1.64%$15M283.7K
16CVSCVS HEALTH CORPhistory →COMMON1.60%$15M257.9K
17CHVCHEVRON CORPhistory →COMMON1.57%$15M204.3K
18ISHARES TRCORE MSCI EAFE1.53%$14M238.0K
19UPSUNITED PARCEL SERVIChistory →CLASS B1.51%$14M85.0K
20BACBANK OF AMERICA CORPhistory →COMMON1.51%$14M587.5K
21JPMJPMORGAN CHASE & COhistory →COMMON1.43%$13M139.7K
224I1PHILIP MORRIS INTLhistory →COMMON1.43%$13M178.6K
23FDXFEDEX CORPhistory →COMMON1.41%$13M52.5K
24TMUST-MOBILE US INChistory →COMMON1.40%$13M114.7K
25GILGILDAN ACTIVEWEARhistory →COMMON1.37%$13M652.6K
26CRMSALESFORCE.COMhistory →COMMON1.35%$13M50.6K
27MXIMMAXIM INTEGRATED PROhistory →COMMON1.24%$12M171.7K
28GSGOLDMAN SACHS GROUPhistory →COMMON1.19%$11M55.7K
29NSCNORFOLK SOUTHERNhistory →COMMON1.13%$11M49.8K
30BDXBECTON DICKINSONhistory →COMMON1.13%$11M45.6K
31FTNTFORTINET INChistory →COMMON1.12%$10M89.0K
32CICIGNA CORPhistory →COMMON USD0.011.12%$10M61.8K
33PGRPROGRESSIVE CORPhistory →COMMON1.11%$10M110.2K
34LVSLAS VEGAS SANDS CORPhistory →COMMON1.10%$10M221.4K
35BMYBRISTOL MYERS SQUIBBhistory →COMMON1.08%$10M169.0K
36XYLXYLEM INChistory →COMMON1.08%$10M120.4K
37EAELECTRONIC ARTS INChistory →COMMON1.06%$10M76.5K
38MCHPMICROCHIP TECHNOLOGYhistory →COMMON1.06%$10M96.8K
39EATON CORPORATIONCOMMON1.05%$10M96.4K
40MOSMOSAIC COhistory →COMMON1.04%$10M534.4K
41TRNOTERRENO RLTY CORPhistory →COMMON1.04%$10M178.2K
42CPTCAMDEN PPTY TRhistory →SH BEN INT1.02%$10M107.8K
43MRKMERCK & CO INCCOMMON0.99%$9M112.6K
44CERNCHFCERNER CORPCOMMON0.99%$9M129.2K
45ANETEURARISTA NETWORKS INCOM USD0.00010.99%$9M44.8K
46TAKEDA PHARMACEUTICAREP(0.5 ORD)0.98%$9M516.6K
47IPINTERNATIONAL PAPERCOMMON0.97%$9M225.4K
48AMGNAMGEN INCCOMMON0.97%$9M35.9K
49SLABSILICON LABS INCCOMMON0.97%$9M93.0K
50FIRSTCASH INCCOMMON0.93%$9M153.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.3B126May 8, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$2.4B119Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.4B122Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.2B121Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.0B120Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.1B122Jan 31, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.1B118Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.9B116Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.9B115May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.7B114Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.6B129Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.5B110Aug 23, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$1.5B110May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.3B99Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.2B100Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.2B96Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.4B102May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.4B102Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.3B101Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B104Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B98May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.1B97Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$939M93Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$905M96Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$774M94May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.0B101Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$963M104Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$960M101Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$954M97May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$862M100Jan 29, 201913F-HRchanges · 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 ↗.