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Portfolio (Quarterly) Guide ↗

Telos Capital Management, Inc.

· CIK 0001567889
13F Portfolio $1.0B AUM 191 positions Filed Apr 17, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 5 New 61 Added 92 Reduced 10 Exited
Page 2 of 10  ·  191 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BERKSHIRE HATHAWAY INC DEL 28,622.0 $13.7M 1.31% +741.0 +2.7% $479.20
22 IVV ISHARES TR 20,083.0 $13.1M 1.26% +151.0 +0.8% $653.21 +15.4%
23 IJH ISHARES TR 190,069.0 $12.8M 1.23% +4K +2.3% $67.53 +10.1%
24 AVDV AMERICAN CENTY ETF TR 127,312.0 $12.7M 1.22% +902.0 +0.7% $99.86 +9.9%
25 MSFT MICROSOFT CORP Technology 33,120.0 $12.3M 1.17% +3K +10.6% $370.17 +11.5%
26 QQQ INVESCO QQQ TR Financial Services 20,952.0 $12.1M 1.16% -254.0 -1.2% $577.18 +26.4%
27 MA MASTERCARD INCORPORATED Financial Services 23,650.0 $11.8M 1.13% $499.66 -0.9%
28 ASML ASML HLDG NV Technology 8,814.0 $11.6M 1.11% -344.0 -3.8% $1320.83 +21.0%
29 JNJ JOHNSON & JOHNSON Healthcare 46,466.0 $11.4M 1.09% -1K -3.1% $244.44 -5.4%
30 HON HONEYWELL INTL INC Industrials 48,383.0 $10.9M 1.05% +5K +10.7% $226.03 +2.4%
31 CARR CARRIER GLOBAL CORPORATION Industrials 187,778.0 $10.6M 1.01% +2K +1.0% $56.31 +14.6%
32 VRTX VERTEX PHARMACEUTICALS INC Healthcare 23,234.0 $10.4M 0.99% +858.0 +3.8% $446.54 -2.1%
33 PSX PHILLIPS 66 Energy 56,791.0 $10.3M 0.99% -1K -1.8% $182.18 -4.1%
34 NFLX NETFLIX INC. Communication Services 106,801.0 $10.3M 0.98% +59K +125.0% $96.15 -9.2%
35 NOW SERVICENOW INC Technology 96,572.0 $10.1M 0.97% +46K +89.6% $104.55 -2.3%
36 GS GOLDMAN SACHS GROUP INC Financial Services 11,493.0 $9.7M 0.93% -214.0 -1.8% $845.99 +17.8%
37 CSCO CISCO SYS INC Technology 124,028.0 $9.6M 0.92% -730.0 -0.6% $77.59 +54.2%
38 RSG REPUBLIC SVCS INC Industrials 43,717.0 $9.6M 0.92% +2K +5.5% $219.02 -6.1%
39 NXPI NXP SEMICONDUCTORS N V Technology 48,173.0 $9.5M 0.91% -3K -5.8% $196.86 +67.2%
40 J JACOBS SOLUTIONS INC Industrials 72,323.0 $9.2M 0.88% -4K -5.1% $127.28 -8.9%
Page 2 of 10  ·  191 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 22.0%
Financial Services 15.6%
Industrials 12.4%
Healthcare 10.6%
Communication Services 8.4%
Consumer Cyclical 8.0%
Energy 7.9%
Consumer Defensive 7.9%
Real Estate 3.1%
Utilities 3.0%