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DILLON & ASSOCIATES INC

SEC Form 13F institutional filer · CIK 0001054425

13F-HR · 65 reported holdings · 2026-03-31

Reported long-US-equity value

$0.00B

Top-10 concentration

62.8%

DILLON & ASSOCIATES INC — $695K AUM allocation strategy

DILLON & ASSOCIATES INC files SEC Form 13F and reports $695K of long US equity value across 65 reported holdings for 2026-03-31.

Its largest sector bet is Information Technology 33.6%, followed by Health Care 11.3% and Communication Services 10.4%.

The top 10 holdings account for 63% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.

DILLON & ASSOCIATES INC — latest SEC 13F insights

Reported long-US-equity value (13F AUM)

$695K

total across 65 reported holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration

63% of value

higher = narrower conviction; lower = spread / hedging

Biggest adds (shares)

$NFLX$PANW$NEE

+$NFLX +34K sh · +$3.28K+$PANW +9.18K sh · −$1.32K+$NEE +7.22K sh · +$1.66K

Biggest trims (shares)

$NVDA$CMG$PEP

−$NVDA −11.6K sh · −$12.5K−$CMG −10.7K sh · −$1.8K−$PEP −9.17K sh · −$1.07K

Added from nil (new positions)

$AXP$GEV

2 fresh holdings — new conviction

Exited to nil (held last quarter, gone now)

$FISV$STZ$PLTR$MRK

$FISV ($1.48K last qtr)$STZ ($270 last qtr)$PLTR ($233 last qtr)$MRK ($218 last qtr)

Sector allocation (share of reported value)

Information Technology 34%Health Care 11%Communication Services 10%Consumer Discretionary 9%Consumer Staples 5%Financials 5%Materials 4%Industrials 4%Other holdings 17%SECTORS
  • $XLKInformation Technology33.6%
  • $XLVHealth Care11.3%
  • $XLCCommunication Services10.4%
  • $XLYConsumer Discretionary9.3%
  • $XLPConsumer Staples5.2%
  • $XLFFinancials5.1%
  • $XLBMaterials4.3%
  • $XLIIndustrials4.1%
  • Other holdings16.7%

each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Industry allocation (share of reported value)

Semiconductors 22%Interactive Media & Services 10%Health Care Equipment 10%Technology Hardware, Storage & Peripherals 9%Transaction & Payment Processing Services 5%Food Retail 3%Broadline Retail 3%Systems Software 3%Other holdings 35%INDUSTRIES
  • Semiconductors21.5%
  • Interactive Media & Services10.4%
  • Health Care Equipment9.8%
  • Technology Hardware, Storage & Peripherals9.3%
  • Transaction & Payment Processing Services5.1%
  • Food Retail3.1%
  • Broadline Retail3.0%
  • Systems Software2.9%
  • Other holdings34.9%

the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Top S&P 500 holdings

10 of 10 rows · sorted by Value ↓

TickerHoldingSharesValueΔ QoQWeight
$NVDANVIDIA Corporation859K$149K-11.6K21.5%
$AAPLApple Inc253K$64.1K-2.48K9.2%
$GOOGAlphabet Inc. Class C Capital Stock193K$55.7K-2828.0%
$VVisa Inc116K$35.2K+645.1%
$SYKStryker Corporation87.2K$28.7K+9174.1%
$ABTAbbott Laboratories231K$23.8K+4.85K3.4%
$CASYCasey's General Stores Inc29.8K$21.7K+3.59K3.1%
$AMZNAmazon.com Inc99.8K$20.7K+2.46K3.0%
$PANWPalo Alto Networks Inc125K$20K+9.18K2.9%
$ORLYO'Reilly Automotive Inc191K$17.6K-1392.5%

…and 55 more holdings in the full 13F filing (top positions only shown).

SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported

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How to read Δ QoQ — the five insight categories, and the caveats

The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.

Conviction & concentration shifts

New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.

Sector & macro allocation rotations

Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.

Crowding & smart-money consensus

When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.

Derivative & option overlays

Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.

Who reads this

Retail "cloners"High-conviction ideas to replicate ~45 days after quarter-end.
Corporate IRWhich funds bought or dumped the stock, before the next call.
Quant / algo tradersCross-sectional factor inputs: flow, momentum, ownership.

Four caveats before you trade on it

  • 45-day lag — holdings are quarter-end; positions may already be closed.
  • Long-only — 13Fs miss shorts, pair trades and cash.
  • No non-US / fixed income — the picture is US equities plus options.
  • Corporate actions — splits and spinoffs distort raw share deltas.

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