SEC 13F Intelligence

Managers / Q1 2026

Orion Investment Co

CIK 0002033920 · 7800 FORSYTH BLVD. SUITE 820, ST. LOUIS, MO, 63105 · 314-725-3800

Reported Value
$315M
Q1 2026
Positions
69
Filings on Record
8
2019–present window
Filed
May 12, 2026
original filing

Summary

Orion Investment Co reported $315M in U.S.-listed holdings across 69 positions for Q1 2026.

Its largest position, MSFT, represents 12.6% of the portfolio.

Compared with Q4 2025, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+54.9%
share of reported value
Largest Position
+12.6%
Microsoft

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
Q2 ’24: $251MQ2 ’24Q3 ’24: $257MQ3 ’24Q4 ’24: $251MQ4 ’24Q1 ’25: $245MQ1 ’25Q2 ’25: $282MQ2 ’25Q3 ’25: $315MQ3 ’25Q4 ’25: $328MQ4 ’25Q1 ’26: $315MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 95.0%Other: 2.3%ETP: 1.5%MLP: 0.9%ADR: 0.2%
  • Common Stock · 95.0% · $299M
  • Other · 2.3% · $7M
  • ETP · 1.5% · $5M
  • MLP · 0.9% · $3M
  • ADR · 0.2% · $742,977

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Vanguard Index FdsNEW+4.0K4.0K+$1M$1M
UNPUnion Pac CorpADDED+5.8K7.0K+$1M$2M
CNRCanadian Natl Ry CoTRIMMED27.9K4.5K$3M$460,512
NOWServicenow IncADDED+8.8K20.8K+$340,960$2M
ARWRArrowhead Pharmaceuticals InADDED+16.2K62.5K+$842,440$4M
AVGOBroadcom IncADDED+1.2K5.1K+$225,430$2M
ARLPAlliance Resources Partners LADDED+9.7K44.2K+$421,276$1M
EPDEnterprise Prods Partners LADDED+6.7K42.1K+$458,895$2M

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

Holdings — Q1 2026

48 positions
#IssuerClass% PortfolioValueShares
1MSFTMicrosoft Corphistory →COM12.56%$40M106.9K
2REGNRegeneron Pharmaceuticalshistory →COM7.56%$24M30.8K
3PLTRPalantir Technologies Inchistory →CL A6.26%$20M134.8K
4ISIIonis Pharmaceuticals Inchistory →COM5.36%$17M225.0K
5QCOMQualcomm Inchistory →COM4.95%$16M121.1K
6EXMOCExxon Mobil Corphistory →COM4.56%$14M84.8K
7PHParker-Hannifin Corphistory →COM3.98%$13M14.0K
8CMICummins Inchistory →COM3.92%$12M22.9K
9NEENextera Energy Inchistory →COM3.07%$10M104.1K
10PGProcter And Gamble Cohistory →COM2.73%$9M59.6K
11HSYHershey Cohistory →COM2.57%$8M39.0K
12IONQIonQ Inchistory →COM2.55%$8M278.8K
13RGLDRoyal Gold Inchistory →COM2.41%$8M29.9K
14BIIBBiogen Inchistory →COM2.30%$7M39.6K
15IOVAIovance Biotherapeutics Inchistory →COM2.30%$7M2.07M
16ASML Holding N VN Y REGISTRY SHS2.25%$7M5.4K
17GDGeneral Dynamics Corphistory →COM2.16%$7M19.8K
18INTCIntel Corphistory →COM2.10%$7M150.1K
19ABTAbbott Labshistory →COM2.04%$6M62.6K
20SHOPShopify Inchistory →CL A1.88%$6M50.0K
21CCOCameco Corphistory →COM1.88%$6M54.6K
22Vanguard Index FdsS&P 500 ETF SHS · TOTAL STK MKT1.52%$5M9.9K
23HIIHuntington Ingalls Inds Inchistory →COM1.51%$5M12.5K
24ARWRArrowhead Pharmaceuticals Inhistory →COM1.24%$4M62.5K
25AAPLApple Inchistory →COM1.16%$4M14.4K
26ATOAtmos Energy Corphistory →COM1.11%$3M18.9K
27NEMNewmont CorporationCOM0.97%$3M28.1K
28CDNSCadence Design Systems IncCOM0.96%$3M10.9K
29MRKMerck & CoCOM0.79%$2M20.6K
30RGTIRigetti Computing IncCOMMON STOCK0.72%$2M162.7K
31NOWServicenow IncCOM0.69%$2M20.8K
32GOOGLAlphabet Inc Cl ACAP STK CL A · CAP STK CL C0.62%$2M6.8K
33PANWPalo Alto Networks IncCOM0.55%$2M10.8K
34UNPUnion Pac CorpCOM0.54%$2M7.0K
35SRSpire IncCOM0.51%$2M17.7K
36EFXEquifax IncCOM0.51%$2M8.9K
37EPDEnterprise Prods Partners LCOM0.51%$2M42.1K
38AVGOBroadcom IncCOM0.50%$2M5.1K
39AEEAmeren CorpCOM0.46%$1M13.2K
40BMYBristol-Myers Squibb CoCOM0.43%$1M22.6K
41IBOCInternational Business MachsCOM0.43%$1M5.6K
42ABBVAbbvie IncCOM0.42%$1M6.1K
43ARLPAlliance Resources Partners LUT LTD PART0.39%$1M44.2K
44EMREmerson Elec CoCOM0.38%$1M9.2K
45JNJJohnson & JohnsonCOM0.38%$1M4.9K
46AMZNAmazon Com IncCOM0.33%$1M4.9K
47BRK/BBerkshire Hathaway Inc DelCL B NEW0.24%$756,1781.6K
48SHELShell PlcSPON ADS0.24%$742,9778.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$315M69May 12, 202613F-HRchanges · EDGAR ↗
Q4 2025$328M68Feb 11, 202613F-HRchanges · EDGAR ↗
Q3 2025$315M70Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$282M70Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$245M68May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$251M65Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$257M66Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$251M64Aug 15, 202413F-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 ↗.