SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Front Street Capital Management, Inc.

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

Reported Value
$501,124
Q4 2023
Positions
94
Filings on Record
33
2019–present window
Filed
Feb 15, 2024
original filing

Summary

Front Street Capital Management, Inc. reported $501,124 in U.S.-listed holdings across 94 positions for Q4 2023.

Its largest position, MTW, represents 8.6% of the portfolio.

Compared with Q3 2023, the fund opened 7 new positions and exited 3.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+62.4%
share of reported value
Largest Position
+8.6%
Manitowoc Inc Com
New / Exited
7 / 3
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: $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: $463,351Q1 ’23Q2 ’23: $473,320Q3 ’23: $455,412Q4 ’23: $501,124Q1 ’24: $532,324Q1 ’24Q2 ’24: $521,702Q3 ’24: $618,087Q4 ’24: $575,667Q1 ’25: $524,312Q1 ’25Q2 ’25: $521,944Q3 ’25: $648,039Q4 ’25: $704,258Q1 ’26: $753,922Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.0%Other: 8.0%ETP: 6.0%ADR: 0.0%
  • Common Stock · 86.0% · $431,017
  • Other · 8.0% · $39,909
  • ETP · 6.0% · $30,028
  • ADR · 0.0% · $170

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VLTOVERALTO CORPNEW+46.3K46.3K+$3,812$3,812
ATSATS Corp.NEW+14.1K14.1K+$607$607
AXPAMERICAN EXPRESS COMPANYNEW+675675+$126$126
SOURCE CAPITAL INCNEW+3.0K3.0K+$123$123
AMDADVANCED MICRO DEVICESNEW+825825+$122$122
QCOMQUALCOMM INCNEW+766766+$111$111
MSIMOTOROLA SOLUTIONS INCNEW+329329+$103$103
BDCBELDENADDED+4.0K7.3K+$248$562

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MTWMANITOWOC INC COMhistory →COM8.61%$43,1352.58M
2CGNXCOGNEX CORPhistory →COM8.42%$42,2171.01M
3BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →COM6.86%$34,35696.3K
4GENERAL ELECTRIC COCOM6.85%$34,317268.9K
5JOEST JOE CP COMhistory →COM6.54%$32,774544.6K
6DHRDANAHER CORP DEL COMhistory →COM6.46%$32,390140.0K
7COSTCOSTCO WHOLESALE CORP-NEWhistory →COM5.75%$28,79643.6K
8VANGUARD S&P 500 ETFCOM5.64%$28,27964.7K
9NUENUCOR CORPhistory →COM3.66%$18,317105.2K
10MLKNMILLER KNOLL INChistory →COM3.65%$18,305686.1K
11TEXTEREX CORP NEWhistory →COM3.30%$16,541287.9K
12ESABESAB CORPORTAION COMhistory →COM3.16%$15,829182.7K
13CTLEURLUMEN TECHNOLOGIES INChistory →COM2.50%$12,5336.85M
14ENOVENOVIS CORPORATION COMhistory →COM2.32%$11,628207.6K
15GLWCORNING INChistory →COM1.88%$9,445310.2K
16GPNGLOBAL PAYMENTS INChistory →COM1.77%$8,86069.8K
17VNTVONTIER CORPhistory →COM1.59%$7,955230.3K
18GEHCGE HEALTHCARE TECHNOLOGIEShistory →COM1.34%$6,71286.8K
19AAPLAPPLE COMPUTER INChistory →COM1.30%$6,52033.9K
20COHRCOHERENThistory →COM1.25%$6,276144.2K
21LITELUMENTUM HLDGS INChistory →COM1.23%$6,158117.5K
22CIENCIENA CORPORATIONhistory →COM1.03%$5,147114.4K
23EXPDEXPEDITORS INTERNATIONAL OF WACOM0.98%$4,89638.5K
24CHIPOTLE MEXICAN GRILLCOM0.96%$4,8052.1K
25MODMODINE MANUFACTURINGCOM0.94%$4,71078.9K
26TCSUSDCONTAINER STORE GROUP INC COMCOM0.93%$4,6782.05M
27BACBANK OF AMERICA CORPCOM0.91%$4,555135.3K
28PHPARKER-HANNIFIN CORPCOM0.88%$4,4049.6K
29NVSTENVISTACOM0.87%$4,372181.5K
30RG6ROGERS CORPCOM0.86%$4,28632.4K
31MSFTMICROSOFT CORPCOM0.83%$4,17311.1K
32VLTOVERALTO CORPCOM0.76%$3,81246.3K
33KEKIMBALL ELECTRONICSCOM0.68%$3,383125.5K
34MCDMCDONALDS CORPCOM0.57%$2,8809.7K
35TILEINTERFACE INCCOM0.36%$1,799142.5K
36PGPROCTER & GAMBLE COCOM0.32%$1,62811.1K
37CHVCHEVRON CORPORATIONCOM0.31%$1,53210.3K
38GBCIGLACIER BANCORP INC-NEWCOM0.24%$1,21229.3K
39FFHFAIRFAX FINANCIALCOM0.22%$1,1151.2K
40TSLATESLA MOTORS INC COMCOM0.20%$1,0174.1K
41SBUXSTARBUCKS CORPCOM0.20%$97810.2K
42TWLOTWILIO INCCOM0.19%$96412.7K
43VANGUARD TOTAL STOCK MARKET ETTR UNIT0.16%$8123.4K
44ATSATS Corp.COM0.12%$60714.1K
45BDCBELDENCOM0.11%$5627.3K
46MKLMARKEL CP COMCOM0.11%$557392
47ROLROLLINS INCCOM0.10%$51811.9K
48AMZNAMAZON.COM INC COMCOM0.10%$5003.3K
49BACVERIZON COMMUNICATIONS INCCOM0.09%$47512.6K
50SEICSEI INVESTMENTS COCOM0.09%$4667.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$753,92273May 21, 202613F-HRchanges · EDGAR ↗
Q4 2025$704,25873Feb 18, 202613F-HRchanges · EDGAR ↗
Q3 2025$648,03972Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$521,94470Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$524,31263May 16, 202513F-HRchanges · EDGAR ↗
Q4 2024$575,66768Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$618,08767Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$521,70272Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$532,32470May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$501,12494Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$455,41290Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$473,32066Aug 15, 202313F-HRchanges · EDGAR ↗
Q1 2023$463,35170May 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 ↗.