DILLON & ASSOCIATES INC Diversified Active

CIK: 0001054425 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 9, 2026

Total Value ($000): $774 (100.0% shares, 0.0% debt)

Holdings (77)

New Positions (3)

NFLX Netflix Inc 0.1%

Value ($000) $1 Shares 6,218 Est. Cost $107.81 Unrealized 0.0%

TSM Taiwan Semiconductor Mfg ADR 0.0%

Value ($000) $0 Shares 1,000 Est. Cost $0.30 Unrealized —

MRK Merck & Co Inc 0.0%

Value ($000) $0 Shares 2,078 Est. Cost $93.24 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	Netflix Inc	6,218	$1	0.1%	$107.81	0.0%	COMM	64110L106
TSM	Taiwan Semiconductor Mfg ADR	1,000	$0	0.0%	$0.30	—	COMM	874039100
MRK	Merck & Co Inc	2,078	$0	0.0%	$93.24	0.0%	COMM	58933Y105

Increased Positions (22)

ISRG Intuitive Surgical 2.3%

Value ($000) $18 (+41.6%) Shares 31,836 (+11.8%) Est. Cost $343.04 Unrealized +55.2%

LLY Lilly (Eli) 1.0%

Value ($000) $8 (+67.7%) Shares 7,111 (+19.1%) Est. Cost $787.05 Unrealized +21.4%

PAYC Paycom Software 1.5%

Value ($000) $11 (-20.2%) Shares 71,181 (+4.4%) Est. Cost $163.50 Unrealized +8.2%

ADP Automatic Data Proc 2.3%

Value ($000) $18 (-10.7%) Shares 70,464 (+2.2%) Est. Cost $56.14 Unrealized +371.7%

PANW Palo Alto Networks 2.8%

Value ($000) $21 (-8.3%) Shares 116,104 (+1.7%) Est. Cost $153.15 Unrealized +31.7%

ABT Abbott Laboratories 3.7%

Value ($000) $28 (-5.0%) Shares 226,443 (+1.9%) Est. Cost $43.37 Unrealized +193.5%

MNST Monster Beverage Corp 0.5%

Value ($000) $4 (+48.9%) Shares 54,557 (+29.6%) Est. Cost $56.05 Unrealized +27.8%

CRM Salesforce.com 1.1%

Value ($000) $8 (+16.9%) Shares 31,949 (+4.5%) Est. Cost $199.87 Unrealized +24.2%

COST Costco Wholesale Corp 1.5%

Value ($000) $12 (+11.3%) Shares 13,658 (+19.5%) Est. Cost $720.96 Unrealized +25.6%

SYK Stryker Corp 3.9%

Value ($000) $30 (-3.4%) Shares 86,307 (+1.8%) Est. Cost $81.61 Unrealized +345.3%

RTX RTX Corp 1.0%

Value ($000) $7 (+15.7%) Shares 40,327 (+5.6%) Est. Cost $66.39 Unrealized +161.1%

NEE NextEra Energy Inc 0.8%

Value ($000) $6 (+17.5%) Shares 75,627 (+10.2%) Est. Cost $62.64 Unrealized +31.7%

ETN Eaton Corp PLC 0.9%

Value ($000) $7 (-9.8%) Shares 21,976 (+5.7%) Est. Cost $272.65 Unrealized +30.0%

AZN AstraZeneca PLC 0.3%

Value ($000) $2 (+23.0%) Shares 25,963 (+2.9%) Est. Cost $23.64 Unrealized —

NSC Norfolk Southern Corp 1.8%

Value ($000) $14 (-2.5%) Shares 48,855 (+1.2%) Est. Cost $96.62 Unrealized +198.7%

ASML ASML Holding NV 0.2%

Value ($000) $2 (+24.2%) Shares 1,583 (+12.3%) Est. Cost $162.40 Unrealized —

MSFT Microsoft Corp 1.2%

Value ($000) $9 (-2.5%) Shares 18,478 (+4.3%) Est. Cost $186.25 Unrealized +168.8%

CELH Celsius Holdings Inc 0.2%

Value ($000) $1 (-9.3%) Shares 29,202 (+12.4%) Est. Cost $57.35 Unrealized -12.2%

ROK Rockwell Automation inc 0.1%

Value ($000) $0 (+34.3%) Shares 1,187 (+20.6%) Est. Cost $289.98 Unrealized +29.4%

CASY Casey's General Stores 1.9%

Value ($000) $15 (-0.2%) Shares 26,254 (+2.0%) Est. Cost $435.48 Unrealized +26.2%

LIN Linde PLC 0.0%

Value ($000) $0 (-8.5%) Shares 508 (+2.2%) Est. Cost $448.03 Unrealized -4.6%

ENB Enbridge Inc 0.0%

Value ($000) $0 (-1.2%) Shares 5,237 (+2.9%) Est. Cost $36.05 Unrealized +30.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	Intuitive Surgical	31,836 (+11.8%)	$18 (+41.6%)	2.3%	$343.04	+55.2%	COMM	46120E602
LLY	Lilly (Eli)	7,111 (+19.1%)	$8 (+67.7%)	1.0%	$787.05	+21.4%	COMM	532457108
PAYC	Paycom Software	71,181 (+4.4%)	$11 (-20.2%)	1.5%	$163.50	+8.2%	COMM	70432V102
ADP	Automatic Data Proc	70,464 (+2.2%)	$18 (-10.7%)	2.3%	$56.14	+371.7%	COMM	053015103
PANW	Palo Alto Networks	116,104 (+1.7%)	$21 (-8.3%)	2.8%	$153.15	+31.7%	COMM	697435105
ABT	Abbott Laboratories	226,443 (+1.9%)	$28 (-5.0%)	3.7%	$43.37	+193.5%	COMM	002824100
MNST	Monster Beverage Corp	54,557 (+29.6%)	$4 (+48.9%)	0.5%	$56.05	+27.8%	COMM	61174X109
CRM	Salesforce.com	31,949 (+4.5%)	$8 (+16.9%)	1.1%	$199.87	+24.2%	COMM	79466L302
COST	Costco Wholesale Corp	13,658 (+19.5%)	$12 (+11.3%)	1.5%	$720.96	+25.6%	COMM	22160K105
SYK	Stryker Corp	86,307 (+1.8%)	$30 (-3.4%)	3.9%	$81.61	+345.3%	COMM	863667101
RTX	RTX Corp	40,327 (+5.6%)	$7 (+15.7%)	1.0%	$66.39	+161.1%	COMM	75513E101
NEE	NextEra Energy Inc	75,627 (+10.2%)	$6 (+17.5%)	0.8%	$62.64	+31.7%	COMM	65339F101
ETN	Eaton Corp PLC	21,976 (+5.7%)	$7 (-9.8%)	0.9%	$272.65	+30.0%	COMM	G29183103
AZN	AstraZeneca PLC	25,963 (+2.9%)	$2 (+23.0%)	0.3%	$23.64	—	COMM	046353108
NSC	Norfolk Southern Corp	48,855 (+1.2%)	$14 (-2.5%)	1.8%	$96.62	+198.7%	COMM	655844108
ASML	ASML Holding NV	1,583 (+12.3%)	$2 (+24.2%)	0.2%	$162.40	—	COMM	N07059210
MSFT	Microsoft Corp	18,478 (+4.3%)	$9 (-2.5%)	1.2%	$186.25	+168.8%	COMM	594918104
CELH	Celsius Holdings Inc	29,202 (+12.4%)	$1 (-9.3%)	0.2%	$57.35	-12.2%	COMM	15118V207
ROK	Rockwell Automation inc	1,187 (+20.6%)	$0 (+34.3%)	0.1%	$289.98	+29.4%	COMM	773903109
CASY	Casey's General Stores	26,254 (+2.0%)	$15 (-0.2%)	1.9%	$435.48	+26.2%	COMM	147528103
LIN	Linde PLC	508 (+2.2%)	$0 (-8.5%)	0.0%	$448.03	-4.6%	COMM	G54950103
ENB	Enbridge Inc	5,237 (+2.9%)	$0 (-1.2%)	0.0%	$36.05	+30.7%	COMM	29250N105

Exited Positions (2)

MSTR Strategy Inc 0.1%

Value ($000) $1 Shares 1,605 Est. Cost $311.41 Unrealized -26.1%

— Kellanova 0.0%

Value ($000) $0 Shares 4,010 Est. Cost $39.47 Unrealized +109.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSTR	Strategy Inc	1,605	$1	0.1%	$311.41	-26.1%	—	594972408
—	Kellanova	4,010	$0	0.0%	$39.47	+109.4%	—	487836108

Decreased Positions (20)

FISV Fiserv Inc 0.2%

Value ($000) $1 (-87.7%) Shares 22,118 (-76.2%) Est. Cost $140.80 Unrealized -40.4%

NVDA NVIDIA Corp 20.9%

Value ($000) $162 (-5.1%) Shares 870,360 (-4.6%) Est. Cost $92.10 Unrealized +102.1%

GOOG Alphabet Inc Cl C 2.4%

Value ($000) $19 (+25.4%) Shares 58,941 (-2.6%) Est. Cost $107.05 Unrealized +167.5%

NVO Novo-Nordisk A-S ADR 2.0%

Value ($000) $15 (-10.5%) Shares 301,198 (-3.4%) Est. Cost $26.11 Unrealized —

CMG Chipotle Mexican Grill 1.4%

Value ($000) $11 (-11.6%) Shares 290,449 (-6.8%) Est. Cost $58.52 Unrealized -38.2%

GNRC Generac Holdings Inc 0.1%

Value ($000) $1 (-50.4%) Shares 6,956 (-39.1%) Est. Cost $184.87 Unrealized -12.7%

PAYX Paychex Inc 0.7%

Value ($000) $5 (-12.9%) Shares 46,430 (-1.2%) Est. Cost $26.31 Unrealized +343.0%

ADBE Adobe Inc 0.1%

Value ($000) $0 (-55.8%) Shares 1,416 (-55.5%) Est. Cost $407.08 Unrealized -16.5%

REGN Regeneron Pharmaceuticals 0.4%

Value ($000) $3 (+22.7%) Shares 4,373 (-10.7%) Est. Cost $636.97 Unrealized +6.5%

SBUX Starbucks Corp 0.8%

Value ($000) $7 (-6.6%) Shares 77,530 (-5.5%) Est. Cost $47.13 Unrealized +78.3%

JNJ Johnson & Johnson 0.6%

Value ($000) $5 (+10.0%) Shares 23,608 (-1.7%) Est. Cost $59.66 Unrealized +230.2%

PEP PepsiCo Inc 0.6%

Value ($000) $5 (-8.2%) Shares 32,166 (-10.8%) Est. Cost $59.61 Unrealized +144.8%

PG Procter & Gamble 0.3%

Value ($000) $2 (-12.3%) Shares 17,259 (-5.5%) Est. Cost $58.59 Unrealized +151.2%

MDLZ Mondelez Int'l 0.1%

Value ($000) $0 (-42.4%) Shares 8,575 (-33.9%) Est. Cost $42.12 Unrealized +35.5%

SYY Sysco Corp 0.1%

Value ($000) $1 (-17.8%) Shares 13,505 (-8.9%) Est. Cost $24.88 Unrealized +203.4%

CL Colgate-Palmolive 0.3%

Value ($000) $2 (-2.8%) Shares 28,656 (-1.6%) Est. Cost $44.38 Unrealized +76.4%

STZ Constellation Brands Inc 0.0%

Value ($000) $0 (-14.0%) Shares 1,953 (-16.0%) Est. Cost $188.15 Unrealized -27.3%

NVS Novartis AG ADS 0.0%

Value ($000) $0 (+6.7%) Shares 2,202 (-1.1%) Est. Cost $72.79 Unrealized —

HSY Hershey Company 0.1%

Value ($000) $0 (-3.7%) Shares 2,458 (-1.0%) Est. Cost $193.08 Unrealized -5.7%

DIS Disney Walt Co 0.1%

Value ($000) $1 (-1.7%) Shares 4,940 (-1.8%) Est. Cost $95.61 Unrealized +14.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	Fiserv Inc	22,118 (-76.2%)	$1 (-87.7%)	0.2%	$140.80	-40.4%	COMM	337738108
NVDA	NVIDIA Corp	870,360 (-4.6%)	$162 (-5.1%)	20.9%	$92.10	+102.1%	COMM	67066G104
GOOG	Alphabet Inc Cl C	58,941 (-2.6%)	$19 (+25.4%)	2.4%	$107.05	+167.5%	COMM	02079K107
NVO	Novo-Nordisk A-S ADR	301,198 (-3.4%)	$15 (-10.5%)	2.0%	$26.11	—	COMM	670100205
CMG	Chipotle Mexican Grill	290,449 (-6.8%)	$11 (-11.6%)	1.4%	$58.52	-38.2%	COMM	169656105
GNRC	Generac Holdings Inc	6,956 (-39.1%)	$1 (-50.4%)	0.1%	$184.87	-12.7%	COMM	368736104
PAYX	Paychex Inc	46,430 (-1.2%)	$5 (-12.9%)	0.7%	$26.31	+343.0%	COMM	704326107
ADBE	Adobe Inc	1,416 (-55.5%)	$0 (-55.8%)	0.1%	$407.08	-16.5%	COMM	00724F101
REGN	Regeneron Pharmaceuticals	4,373 (-10.7%)	$3 (+22.7%)	0.4%	$636.97	+6.5%	COMM	75886F107
SBUX	Starbucks Corp	77,530 (-5.5%)	$7 (-6.6%)	0.8%	$47.13	+78.3%	COMM	855244109
JNJ	Johnson & Johnson	23,608 (-1.7%)	$5 (+10.0%)	0.6%	$59.66	+230.2%	COMM	478160104
PEP	PepsiCo Inc	32,166 (-10.8%)	$5 (-8.2%)	0.6%	$59.61	+144.8%	COMM	713448108
PG	Procter & Gamble	17,259 (-5.5%)	$2 (-12.3%)	0.3%	$58.59	+151.2%	COMM	742718109
MDLZ	Mondelez Int'l	8,575 (-33.9%)	$0 (-42.4%)	0.1%	$42.12	+35.5%	COMM	609207105
SYY	Sysco Corp	13,505 (-8.9%)	$1 (-17.8%)	0.1%	$24.88	+203.4%	COMM	871829107
CL	Colgate-Palmolive	28,656 (-1.6%)	$2 (-2.8%)	0.3%	$44.38	+76.4%	COMM	194162103
STZ	Constellation Brands Inc	1,953 (-16.0%)	$0 (-14.0%)	0.0%	$188.15	-27.3%	COMM	21036P108
NVS	Novartis AG ADS	2,202 (-1.1%)	$0 (+6.7%)	0.0%	$72.79	—	COMM	66987V109
HSY	Hershey Company	2,458 (-1.0%)	$0 (-3.7%)	0.1%	$193.08	-5.7%	COMM	427866108
DIS	Disney Walt Co	4,940 (-1.8%)	$1 (-1.7%)	0.1%	$95.61	+14.6%	COMM	254687106

Unchanged Positions (32)

GOOGL Alphabet Inc Cl A 7.8%

Value ($000) $61 Shares 193,562 Est. Cost $107.08 Unrealized +166.7%

AAPL Apple Inc 9.0%

Value ($000) $69 Shares 255,000 Est. Cost $83.04 Unrealized +223.2%

ORLY O'Reilly Automotive Inc 2.2%

Value ($000) $17 Shares 191,101 Est. Cost $86.55 Unrealized +12.9%

DHR Danaher Corporation 1.6%

Value ($000) $13 Shares 54,692 Est. Cost $87.59 Unrealized +150.6%

APD Air Products & Chemicals 1.8%

Value ($000) $14 Shares 56,950 Est. Cost $105.06 Unrealized +139.5%

AMZN Amazon.com Inc 2.9%

Value ($000) $22 Shares 97,288 Est. Cost $141.44 Unrealized +61.8%

V Visa Inc 5.3%

Value ($000) $41 Shares 116,411 Est. Cost $65.92 Unrealized +416.3%

META Meta Platforms Inc 1.0%

Value ($000) $8 Shares 12,312 Est. Cost $184.97 Unrealized +260.8%

HD Home Depot 0.5%

Value ($000) $4 Shares 11,111 Est. Cost $72.61 Unrealized +402.1%

LOW Lowe's Companies Inc 2.3%

Value ($000) $18 Shares 74,862 Est. Cost $46.15 Unrealized +419.7%

ECL Ecolab Inc 1.8%

Value ($000) $14 Shares 51,980 Est. Cost $118.36 Unrealized +124.5%

CNI Canadian Nat'l Railway 0.9%

Value ($000) $7 Shares 73,546 Est. Cost $49.21 Unrealized +95.4%

WMT Wal-Mart Stores 0.2%

Value ($000) $2 Shares 16,397 Est. Cost $45.14 Unrealized +137.5%

AMGN Amgen Inc 0.1%

Value ($000) $1 Shares 2,483 Est. Cost $86.20 Unrealized +266.5%

ADI Analog Devices 0.1%

Value ($000) $1 Shares 4,182 Est. Cost $175.15 Unrealized +43.1%

HON Honeywell Int'l 0.2%

Value ($000) $1 Shares 6,901 Est. Cost $147.16 Unrealized +32.5%

JPM JP Morgan Chase & Co 0.7%

Value ($000) $5 Shares 15,665 Est. Cost $86.41 Unrealized +258.2%

CSCO Cisco Systems 0.1%

Value ($000) $0 Shares 5,413 Est. Cost $21.69 Unrealized +240.2%

COF Capital One Fin'l 0.0%

Value ($000) $0 Shares 1,502 Est. Cost $131.88 Unrealized +68.5%

MRSH Marsh & McLennan 0.0%

Value ($000) $0 Shares 1,800 Est. Cost $136.74 Unrealized +36.3%

ABBV AbbVie Inc 0.2%

Value ($000) $2 Shares 7,071 Est. Cost $39.69 Unrealized +473.3%

USB U S Bancorp 0.0%

Value ($000) $0 Shares 5,176 Est. Cost $38.64 Unrealized +26.1%

QCOM QUALCOMM Inc 0.1%

Value ($000) $1 Shares 6,333 Est. Cost $47.08 Unrealized +262.7%

UNH UnitedHealth Group Inc 0.0%

Value ($000) $0 Shares 1,113 Est. Cost $226.92 Unrealized +48.6%

MCD McDonald's Corp 0.4%

Value ($000) $3 Shares 9,369 Est. Cost $71.84 Unrealized +324.7%

KO Coca-Cola Co 0.0%

Value ($000) $0 Shares 3,725 Est. Cost $39.62 Unrealized +75.1%

AFL AFLAC Inc 0.0%

Value ($000) $0 Shares 3,300 Est. Cost $65.19 Unrealized +68.5%

EMR Emerson Electric 0.1%

Value ($000) $0 Shares 3,208 Est. Cost $51.29 Unrealized +158.1%

PLTR Palantir Technologies Inc 0.0%

Value ($000) $0 Shares 1,310 Est. Cost $162.07 Unrealized +11.7%

TSLA Tesla Motors Inc 0.1%

Value ($000) $0 Shares 865 Est. Cost $331.19 Unrealized +33.8%

BRK/B Berkshire Hathaway Cl B 0.0%

Value ($000) $0 Shares 520 Est. Cost $446.32 Unrealized +11.5%

IBRX ImmunityBio Inc 0.0%

Value ($000) $0 Shares 25,800 Est. Cost $2.69 Unrealized -15.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	Alphabet Inc Cl A	193,562	$61	7.8%	$107.08	+166.7%	COMM	02079K305
AAPL	Apple Inc	255,000	$69	9.0%	$83.04	+223.2%	COMM	037833100
ORLY	O'Reilly Automotive Inc	191,101	$17	2.2%	$86.55	+12.9%	COMM	67103H107
DHR	Danaher Corporation	54,692	$13	1.6%	$87.59	+150.6%	COMM	235851102
APD	Air Products & Chemicals	56,950	$14	1.8%	$105.06	+139.5%	COMM	009158106
AMZN	Amazon.com Inc	97,288	$22	2.9%	$141.44	+61.8%	COMM	023135106
V	Visa Inc	116,411	$41	5.3%	$65.92	+416.3%	COMM	92826C839
META	Meta Platforms Inc	12,312	$8	1.0%	$184.97	+260.8%	COMM	30303M102
HD	Home Depot	11,111	$4	0.5%	$72.61	+402.1%	COMM	437076102
LOW	Lowe's Companies Inc	74,862	$18	2.3%	$46.15	+419.7%	COMM	548661107
ECL	Ecolab Inc	51,980	$14	1.8%	$118.36	+124.5%	COMM	278865100
CNI	Canadian Nat'l Railway	73,546	$7	0.9%	$49.21	+95.4%	COMM	136375102
WMT	Wal-Mart Stores	16,397	$2	0.2%	$45.14	+137.5%	COMM	931142103
AMGN	Amgen Inc	2,483	$1	0.1%	$86.20	+266.5%	COMM	031162100
ADI	Analog Devices	4,182	$1	0.1%	$175.15	+43.1%	COMM	032654105
HON	Honeywell Int'l	6,901	$1	0.2%	$147.16	+32.5%	COMM	438516106
JPM	JP Morgan Chase & Co	15,665	$5	0.7%	$86.41	+258.2%	COMM	46625H100
CSCO	Cisco Systems	5,413	$0	0.1%	$21.69	+240.2%	COMM	17275R102
COF	Capital One Fin'l	1,502	$0	0.0%	$131.88	+68.5%	COMM	14040H105
MRSH	Marsh & McLennan	1,800	$0	0.0%	$136.74	+36.3%	COMM	571748102
ABBV	AbbVie Inc	7,071	$2	0.2%	$39.69	+473.3%	COMM	00287Y109
USB	U S Bancorp	5,176	$0	0.0%	$38.64	+26.1%	COMM	902973304
QCOM	QUALCOMM Inc	6,333	$1	0.1%	$47.08	+262.7%	COMM	747525103
UNH	UnitedHealth Group Inc	1,113	$0	0.0%	$226.92	+48.6%	COMM	91324P102
MCD	McDonald's Corp	9,369	$3	0.4%	$71.84	+324.7%	COMM	580135101
KO	Coca-Cola Co	3,725	$0	0.0%	$39.62	+75.1%	COMM	191216100
AFL	AFLAC Inc	3,300	$0	0.0%	$65.19	+68.5%	COMM	001055102
EMR	Emerson Electric	3,208	$0	0.1%	$51.29	+158.1%	COMM	291011104
PLTR	Palantir Technologies Inc	1,310	$0	0.0%	$162.07	+11.7%	COMM	69608A108
TSLA	Tesla Motors Inc	865	$0	0.1%	$331.19	+33.8%	COMM	88160R101
BRK/B	Berkshire Hathaway Cl B	520	$0	0.0%	$446.32	+11.5%	COMM	084670702
IBRX	ImmunityBio Inc	25,800	$0	0.0%	$2.69	-15.7%	COMM	45256X103