SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Orion Investment Co

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

Reported Value
$245M
Q1 2025
Positions
68
Filings on Record
8
2019–present window
Filed
May 14, 2025
original filing

Summary

Orion Investment Co reported $245M in U.S.-listed holdings across 68 positions for Q1 2025.

Its largest position, MSFT, represents 16.3% of the portfolio.

Compared with Q4 2024, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+5.6%
vs prior filed quarter
Top-10 Concentration
+58.6%
share of reported value
Largest Position
+16.3%
Microsoft
New / Exited
4 / 1
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
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: 98.4%Other: 1.1%MLP: 0.3%ADR: 0.2%
  • Common Stock · 98.4% · $241M
  • Other · 1.1% · $3M
  • MLP · 0.3% · $676,544
  • ADR · 0.2% · $585,727

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOWServicenow IncNEW+1.3K1.3K+$1M$1M
RGTIRigetti Computing IncNEW+93.3K93.3K+$739,094$739,094
ARLPAlliance Resources Partners LNEW+24.8K24.8K+$676,544$676,544
4I1Philip Morris Intl IncNEW+1.6K1.6K+$250,476$250,476
NEMNewmont CorporationADDED+14.3K25.6K+$815,792$1M
CATCaterpillar IncSOLD OUT−5750−$208,587$0
PANWPalo Alto Networks IncADDED+3.1K10.2K+$454,788$2M
RGLDRoyal Gold IncADDED+5.1K26.6K+$2M$4M

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

Holdings — Q1 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corphistory →COM16.28%$40M106.1K
2REGNRegeneron Pharmaceuticalshistory →COM7.92%$19M30.6K
3QCOMQualcomm Inchistory →COM7.76%$19M123.6K
4PLTRPalantir Technologies Inchistory →CL A4.46%$11M129.4K
5EXMOCExxon Mobil Corphistory →COM4.19%$10M86.2K
6PGProcter And Gamble Cohistory →COM4.17%$10M59.9K
72655787DBlueprint Medicines Corphistory →COM3.95%$10M109.0K
8ABTAbbott Labshistory →COM3.56%$9M65.6K
9PHParker-Hannifin Corphistory →COM3.46%$8M13.9K
10NEENextera Energy Inchistory →COM2.89%$7M99.9K
11CMICummins Inchistory →COM2.84%$7M22.2K
12HSYHershey Cohistory →COM2.68%$7M38.4K
13ISIIonis Pharmaceuticals Inchistory →COM2.66%$6M215.3K
14IONQIonQ Inchistory →COM2.50%$6M277.4K
15GDGeneral Dynamics Corphistory →COM2.25%$5M20.2K
16RGLDRoyal Gold Inchistory →COM1.78%$4M26.6K
17BIIBBiogen Inchistory →COM1.77%$4M31.7K
18SHOPShopify Inchistory →CL A1.77%$4M45.2K
19IOVAIovance Biotherapeutics Inchistory →COM1.60%$4M1.18M
20INTCIntel Corphistory →COM1.43%$4M154.1K
21CNRCanadian Natl Ry Cohistory →COM1.36%$3M34.1K
22AAPLApple Inchistory →COM1.30%$3M14.3K
23HIIHuntington Ingalls Inds Inchistory →COM1.06%$3M12.7K
24ATOAtmos Energy Corphistory →COM1.01%$2M16.1K
25CDNSCadence Design Systems IncCOM0.99%$2M9.6K
26ASML Holding N VN Y REGISTRY SHS0.98%$2M3.6K
27EFXEquifax IncCOM0.88%$2M8.9K
28MRKMerck & CoCOM0.81%$2M21.9K
29CCOCameco CorpCOM0.78%$2M46.4K
30PANWPalo Alto Networks IncCOM0.71%$2M10.2K
31BMYBristol-Myers Squibb CoCOM0.63%$2M25.2K
32SRSpire IncCOM0.59%$1M18.3K
33AEEAmeren CorpCOM0.58%$1M14.2K
34IBOCInternational Business MachsCOM0.57%$1M5.6K
35ABBVAbbvie IncCOM0.52%$1M6.1K
36NEMNewmont CorporationCOM0.51%$1M25.6K
37NOWServicenow IncCOM0.43%$1M1.3K
38EMREmerson Elec CoCOM0.41%$1M9.2K
39BRK/BBerkshire Hathaway Inc DelCL B NEW0.41%$1M1.9K
40AMZNAmazon Com IncCOM0.38%$922,0004.8K
41JNJJohnson & JohnsonCOM0.34%$824,6875.0K
42RGTIRigetti Computing IncCOMMON STOCK0.30%$739,09493.3K
43CBSHCommerce Bancshares IncCOM0.29%$699,59011.2K
44GOOGLAlphabet Inc Cl ACAP STK CL A0.28%$681,1894.4K
45ARLPAlliance Resources Partners LUT LTD PART0.28%$676,54424.8K
46PYPLPaypal Hldgs IncCOM0.24%$592,0789.1K
47SHELShell PlcSPON ADS0.24%$585,7278.0K
48UNHUnitedHealth Group IncCOM0.24%$576,1251.1K
49MCXMcCormick & Co IncCOM NON VTG0.24%$574,9357.0K
50SOSouthern CoCOM0.23%$552,7116.0K

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 ↗.