SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Front Street Capital Management, Inc.

CIK 0001683182 · 218 E FRONT STREET, SUITE 205, MISSOULA, MT, 59802 · 4065410130

Reported Value
$455M
Q3 2023
Positions
90
Filings on Record
33
2019–present window
Filed
Nov 15, 2023
original filing

Summary

Front Street Capital Management, Inc. reported $455M in U.S.-listed holdings across 90 positions for Q3 2023.

Its largest position, CGNX, represents 8.9% of the portfolio.

Compared with Q2 2023, the fund opened 27 new positions and exited 2.

Portfolio Metrics

Turnover
+6.9%
vs prior filed quarter
Top-10 Concentration
+63.1%
share of reported value
Largest Position
+8.9%
Cognex
New / Exited
27 / 2
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: $224MQ4 ’18Q1 ’19: $271MQ2 ’19: $1.1BQ3 ’19: $351MQ4 ’19: $380MQ4 ’19Q1 ’20: $277MQ2 ’20: $334MQ3 ’20: $358MQ4 ’20: $456MQ4 ’20Q1 ’21: $528MQ2 ’21: $550MQ3 ’21: $520MQ4 ’21: $542MQ4 ’21Q1 ’22: $537MQ2 ’22: $422MQ3 ’22: $395MQ1 ’23: $463MQ1 ’23Q2 ’23: $473MQ3 ’23: $455MQ4 ’23: $501MQ1 ’24: $532MQ1 ’24Q2 ’24: $522MQ3 ’24: $618MQ4 ’24: $576MQ1 ’25: $524MQ1 ’25Q2 ’25: $522MQ3 ’25: $648MQ4 ’25: $704MQ1 ’26: $754MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.8%Other: 7.3%ETP: 5.7%Open-End Fund: 0.2%ADR: 0.0%
  • Common Stock · 86.8% · $395M
  • Other · 7.3% · $33M
  • ETP · 5.7% · $26M
  • Open-End Fund · 0.2% · $930,000
  • ADR · 0.0% · $150,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PGPROCTER & GAMBLE CONEW+10.8K10.8K+$2M$2M
VFIAXVANGUARD 500 INDEX FUNDNEW+2.4K2.4K+$930,000$930,000
VTIVANGUARD TOTAL STOCK MARKET ETNEW+3.3K3.3K+$704,000$704,000
MKLMARKEL CP COMNEW+386386+$568,000$568,000
GOOGLE INC CL ANEW+2.2K2.2K+$288,000$288,000
PYPLPAYPAL HOLDINGSNEW+4.3K4.3K+$251,000$251,000
TNCTENNANT CO COMNEW+2.4K2.4K+$178,000$178,000
BABOEING CONEW+886886+$170,000$170,000

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

Holdings — Q3 2023

89 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CGNXCOGNEX CORPhistory →COM8.90%$41M975.4K
2MTWMANITOWOC INC COMhistory →COM8.36%$38M2.57M
3DHRDANAHER CORP DEL COMhistory →COM7.50%$34M140.4K
4BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →COM7.33%$33M97.1K
5JOEST JOE CP COMhistory →COM6.66%$30M572.6K
6GENERAL ELECTRIC COCOM6.43%$29M269.9K
7COSTCOSTCO WHOLESALE CORP-NEWhistory →COM5.38%$25M44.3K
8VOOVANGUARD S&P 500 ETFhistory →COM5.29%$24M61.3K
9MLKNMILLER KNOLL INChistory →COM3.63%$17M687.2K
10NUENUCOR CORPhistory →COM3.57%$16M106.0K
11TEXTEREX CORP NEWhistory →COM3.52%$16M288.5K
12ESABESAB CORPORTAION COMhistory →COM2.76%$13M183.1K
13ENOVENOVIS CORPORATION COMhistory →COM2.26%$10M198.9K
14GLWCORNING INChistory →COM2.15%$10M331.0K
15LUMEN TECHNOLOGIES INCCOM1.90%$9M6.16M
16GPNGLOBAL PAYMENTS INChistory →COM1.72%$8M70.0K
17VNTVONTIER CORPhistory →COM1.54%$7M230.5K
18GEHCGE HEALTHCARE TECHNOLOGIEShistory →COM1.28%$6M87.7K
19AAPLAPPLE COMPUTER INChistory →COM1.25%$6M33.3K
20CIENCIENA CORPORATIONhistory →COM1.20%$5M115.5K
21LITELUMENTUM HLDGS INChistory →COM1.13%$5M117.8K
22CONTAINER STORE GROUP INC COMCOM1.12%$5M2.29M
23NATIONAL INSTRUMENTS CORPCOM1.10%$5M86.9K
24COHRCOHERENThistory →COM1.07%$5M152.0K
25ROGROGERS CORPhistory →COM1.00%$5M34.8K
26EXPDEXPEDITORS INTERNATIONAL OF WACOM0.98%$4M38.9K
27NVSTENVISTACOM0.94%$4M153.4K
28CHIPOTLE MEXICAN GRILLCOM0.85%$4M2.1K
29PHPARKER-HANNIFIN CORPCOM0.82%$4M9.5K
30MODMODINE MANUFACTURINGCOM0.80%$4M79.3K
31BACBANK OF AMERICA CORPCOM0.80%$4M132.5K
32MSFTMICROSOFT CORPCOM0.78%$4M11.2K
33KEKIMBALL ELECTRONICSCOM0.76%$3M127.2K
34MCDMCDONALDS CORPCOM0.57%$3M9.8K
35CVXCHEVRON CORPORATIONCOM0.35%$2M9.4K
36PGPROCTER & GAMBLE COCOM0.35%$2M10.8K
37TILEINTERFACE INCCOM0.34%$2M158.8K
38TSLATESLA MOTORS INC COMCOM0.23%$1M4.2K
39FRFHFFAIRFAX FINANCIALCOM0.22%$992,0001.2K
40VFIAXVANGUARD 500 INDEX FUNDTR UNIT0.20%$930,0002.4K
41SBUXSTARBUCKS CORPCOM0.20%$929,00010.2K
42GBCIGLACIER BANCORP INC-NEWCOM0.18%$829,00029.1K
43TWLOTWILIO INCCOM0.16%$744,00012.7K
44VTIVANGUARD TOTAL STOCK MARKET ETTR UNIT0.15%$704,0003.3K
45MKLMARKEL CP COMCOM0.12%$568,000386
46ROLROLLINS INCCOM0.10%$442,00011.9K
47GOOGGOOGLE INC CL ACOM0.10%$441,0003.4K
48MRETFMARTINREA INTERNATIONAL INC COCOM0.10%$440,00050.8K
49SEICSEI INVESTMENTS COCOM0.09%$428,0007.1K
50AMZNAMAZON.COM INC COMCOM0.09%$418,0003.3K
51KOCOCA COLA COCOM0.09%$416,0007.4K
52VZVERIZON COMMUNICATIONS INCCOM0.09%$403,00012.4K
53SPYSTANDARD & POORS DEPOSITARY RETR UNIT0.09%$391,000915
54WFCWELLS FARGO AND CO NEWCOM0.09%$388,0009.5K
55CLCOLGATE PALMOLIVE COCOM0.08%$363,0005.1K
56NVDANVIDIA CORP COMCOM0.08%$345,000794
57BDCBELDENCOM0.07%$314,0003.3K
58JPMJPMORGAN CHASE AND COCOM0.06%$281,0001.9K
59ADBEADOBE SYSTEMS INC COMCOM0.06%$280,000550
60NOCNORTHROP GRUMMAN CORP COMCOM0.06%$273,000620
61PYPLPAYPAL HOLDINGSCOM0.06%$251,0004.3K
62JNJJOHNSON AND JOHNSONCOM0.05%$228,0001.5K
63ETNEATON CORPCOM0.05%$222,0001.0K
64IWMISHARES RUSSELL 2000 IDX FUNDTR UNIT0.05%$218,0001.2K
65DFUSDIMENSIONAL ETF TR US EQUITY ETR UNIT0.04%$197,0004.2K
66TGTTARGET CORPCOM0.04%$196,0001.8K
67TNCTENNANT CO COMCOM0.04%$178,0002.4K
68BABOEING COCOM0.04%$170,000886
69NVONOVO NORDISK A/S-ADR REPSTG 1/COM0.03%$150,0001.6K
70DEDEERE AND CO COMCOM0.03%$144,000390
71EXMOCEXXON MOBIL CORPCOM0.03%$141,0001.2K
72MRKMERCK & CO INCCOM0.03%$139,0001.3K
73RTXRTX CORPCOM0.03%$138,0001.9K
74IBMIBMCOM0.03%$137,000974
75PFEPFIZER INCCOM0.03%$133,0004.0K
76DFUVDIMENSIONAL ETF TR US MARKETWITR UNIT0.03%$132,0003.9K
77AMGNAMGEN INCCOM0.03%$125,000465
78USBUS BANCORP DELCOM0.03%$120,0003.6K
79MDTMEDTRONIC INCCOM0.03%$117,0001.5K
80CMCSACOMCAST CORP NEW CL ACOM0.03%$117,0002.6K
81ITWILLINOIS TOOL WORKS INCCOM0.03%$115,000500
82CSXCSX CORP COMCOM0.02%$110,0003.6K
83CSCOCISCO SYSTEMS INCCOM0.02%$108,0002.0K
84TAT&TCOM0.02%$103,0006.8K
85BIIBBIOGEN IDEC INCCOM0.02%$103,000400
86METAMETA PLATFORMS INC COM CL ACOM0.02%$103,000343
87ABBVABBVIE INC COMCOM0.02%$101,000675
88PURPLE INNOVATION INC COMCOM0.01%$67,00039.4K
89FIGSFIGS INCCOM0.01%$63,00010.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$754M73May 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$704M73Feb 18, 202613F-HRchanges · EDGAR ↗
Q3 2025$648M72Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$522M70Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$524M63May 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$576M68Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$618M67Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$522M72Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$532M70May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$501M94Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$455M90Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$473M66Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$463M70May 16, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review66Feb 22, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$395M68Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$422M63Jul 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$537M63May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$542M68Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$520M66Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$550M66Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$528M64May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$456M63Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$358M56Nov 17, 202013F-HRchanges · EDGAR ↗
Q2 2020$334M59Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$277M53May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$380M61Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$351M59Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019REVEALED$1.1B186Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$271M59May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$224M58Feb 13, 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 ↗.