Orion Investment Co
SEC Form 13F institutional filer · CIK 0002033920
13F-HR · 53 reported holdings · 2026-03-31
Reported long-US-equity value
$0.24B
Top-10 concentration
67.5%
Orion Investment Co — $244M AUM allocation strategy
Orion Investment Co files SEC Form 13F and reports $244M of long US equity value across 53 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 36.2%, followed by Health Care 15.4% and Industrials 15.0%.
The top 10 holdings account for 67% 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.
Orion Investment Co — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$244M
total across 53 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
67% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NOW +8.84K sh · +$341K+$UNP +5.8K sh · +$1.42M+$MSFT +1.36K sh · −$11.5M
Biggest trims (shares)
−$ABT −1.02K sh · −$1.54M−$PFE −394 sh · +$41.7K−$AEE −125 sh · +$120K
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
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)
- Systems Software16.3%—
- Biotechnology12.8%—
- Application Software9.4%—
- Semiconductors9.1%—
- Integrated Oil & Gas5.9%—
- Industrial Machinery & Supplies & Components5.2%—
- Construction Machinery & Heavy Transportation Equipment5.1%—
- Aerospace & Defense4.7%—
- Other holdings31.6%—
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 ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 107K | $39.6M | +1.36K | 16.3% |
| $REGN | Regeneron Pharmaceuticals Inc | 30.8K | $23.8M | +25 | 9.8% |
| $PLTR | Palantir Technologies Inc | 135K | $19.7M | +336 | 8.1% |
| $QCOM | QUALCOMM Incorporated | 121K | $15.6M | +464 | 6.4% |
| $XOM | ExxonMobil Holdings Corporation | 84.8K | $14.4M | +8 | 5.9% |
| $PH | Parker-Hannifin Corporation | 14K | $12.5M | +252 | 5.2% |
| $CMI | Cummins Inc | 22.9K | $12.3M | +155 | 5.1% |
| $NEE | NextEra Energy Inc | 104K | $9.67M | +1.32K | 4.0% |
| $PG | Procter & Gamble Company | 59.6K | $8.61M | +511 | 3.5% |
| $HSY | The Hershey Company | 39K | $8.1M | +593 | 3.3% |
…and 43 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
← All 13F filers·← QuantOrb.pro
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 IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-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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