Talbot Financial, LLC Diversified Active

CIK: 0001966180 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 21, 2026

Total Value ($000): $1,214,813 (100.0% shares, 0.0% debt)

Holdings (68)

New Positions (3)

PM PHILIP MORRIS INTL INC 0.9%

Value ($000) $10,853 Shares 67,665 Est. Cost $153.57 Unrealized 0.0%

MAR MARRIOTT INTL INC NEW 0.0%

Value ($000) $312 Shares 1,007 Est. Cost $285.32 Unrealized 0.0%

DY DYCOM INDS INC 0.0%

Value ($000) $220 Shares 650 Est. Cost $315.29 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PM	PHILIP MORRIS INTL INC	67,665	$10,853	0.9%	$153.57	0.0%	COM	718172109
MAR	MARRIOTT INTL INC NEW	1,007	$312	0.0%	$285.32	0.0%	CL A	571903202
DY	DYCOM INDS INC	650	$220	0.0%	$315.29	0.0%	COM	267475101

Increased Positions (14)

META META PLATFORMS INC 1.0%

Value ($000) $11,818 (+5709.7%) Shares 17,904 (+6363.5%) Est. Cost $666.54 Unrealized +0.1%

NVDA NVIDIA CORPORATION 4.7%

Value ($000) $57,262 (+11.1%) Shares 307,032 (+11.2%) Est. Cost $108.92 Unrealized +70.9%

NFLX NETFLIX INC 1.4%

Value ($000) $16,419 (-21.2%) Shares 175,117 (+907.0%) Est. Cost $101.24 Unrealized +6.5%

NOW SERVICENOW INC 1.2%

Value ($000) $14,641 (-21.0%) Shares 95,576 (+374.7%) Est. Cost $162.77 Unrealized +5.4%

HD HOME DEPOT INC 1.4%

Value ($000) $17,591 (-13.9%) Shares 51,123 (+1.4%) Est. Cost $303.99 Unrealized +19.9%

CRM SALESFORCE INC 2.0%

Value ($000) $23,955 (+12.9%) Shares 90,428 (+1.0%) Est. Cost $190.94 Unrealized +30.0%

GEV GE VERNOVA INC 1.4%

Value ($000) $16,734 (+13.2%) Shares 25,604 (+6.5%) Est. Cost $369.15 Unrealized +65.0%

UBER UBER TECHNOLOGIES INC 0.8%

Value ($000) $10,259 (-15.7%) Shares 125,556 (+1.0%) Est. Cost $73.76 Unrealized +22.1%

BLK BLACKROCK INC 1.3%

Value ($000) $15,694 (-7.3%) Shares 14,662 (+1.0%) Est. Cost $937.56 Unrealized +16.2%

HON HONEYWELL INTL INC 1.5%

Value ($000) $18,202 (-5.9%) Shares 93,302 (+1.5%) Est. Cost $185.42 Unrealized +5.2%

TRV TRAVELERS COMPANIES INC 1.1%

Value ($000) $13,571 (+6.6%) Shares 46,786 (+2.6%) Est. Cost $225.39 Unrealized +24.5%

T AT&T INC 0.9%

Value ($000) $10,483 (-7.2%) Shares 422,027 (+5.5%) Est. Cost $20.51 Unrealized +23.3%

WMT WALMART INC 0.0%

Value ($000) $480 (+69.7%) Shares 4,308 (+56.9%) Est. Cost $85.08 Unrealized +26.0%

CVX CHEVRON CORP NEW 2.0%

Value ($000) $23,730 (-0.7%) Shares 155,701 (+1.2%) Est. Cost $147.55 Unrealized +2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	17,904 (+6363.5%)	$11,818 (+5709.7%)	1.0%	$666.54	+0.1%	CL A	30303M102
NVDA	NVIDIA CORPORATION	307,032 (+11.2%)	$57,262 (+11.1%)	4.7%	$108.92	+70.9%	COM	67066G104
NFLX	NETFLIX INC	175,117 (+907.0%)	$16,419 (-21.2%)	1.4%	$101.24	+6.5%	COM	64110L106
NOW	SERVICENOW INC	95,576 (+374.7%)	$14,641 (-21.0%)	1.2%	$162.77	+5.4%	COM	81762P102
HD	HOME DEPOT INC	51,123 (+1.4%)	$17,591 (-13.9%)	1.4%	$303.99	+19.9%	COM	437076102
CRM	SALESFORCE INC	90,428 (+1.0%)	$23,955 (+12.9%)	2.0%	$190.94	+30.0%	COM	79466L302
GEV	GE VERNOVA INC	25,604 (+6.5%)	$16,734 (+13.2%)	1.4%	$369.15	+65.0%	COM	36828A101
UBER	UBER TECHNOLOGIES INC	125,556 (+1.0%)	$10,259 (-15.7%)	0.8%	$73.76	+22.1%	COM	90353T100
BLK	BLACKROCK INC	14,662 (+1.0%)	$15,694 (-7.3%)	1.3%	$937.56	+16.2%	COM	09290D101
HON	HONEYWELL INTL INC	93,302 (+1.5%)	$18,202 (-5.9%)	1.5%	$185.42	+5.2%	COM	438516106
TRV	TRAVELERS COMPANIES INC	46,786 (+2.6%)	$13,571 (+6.6%)	1.1%	$225.39	+24.5%	COM	89417E109
T	AT&T INC	422,027 (+5.5%)	$10,483 (-7.2%)	0.9%	$20.51	+23.3%	COM	00206R102
WMT	WALMART INC	4,308 (+56.9%)	$480 (+69.7%)	0.0%	$85.08	+26.0%	COM	931142103
CVX	CHEVRON CORP NEW	155,701 (+1.2%)	$23,730 (-0.7%)	2.0%	$147.55	+2.6%	COM	166764100

Exited Positions (2)

NVO NOVO-NORDISK A S 0.6%

Value ($000) $7,663 Shares 138,104 Est. Cost $73.72 Unrealized —

FNMA FEDERAL NATIONAL MORTGAGE ASSN 0.0%

Value ($000) $258 Shares 21,400 Est. Cost $10.75 Unrealized +1.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVO	NOVO-NORDISK A S	138,104	$7,663	0.6%	$73.72	—	—	670100205
FNMA	FEDERAL NATIONAL MORTGAGE ASSN	21,400	$258	0.0%	$10.75	+1.7%	—	313586109

Decreased Positions (10)

ADBE ADOBE INC 0.2%

Value ($000) $2,019 (-88.8%) Shares 5,768 (-88.8%) Est. Cost $344.75 Unrealized -1.4%

GOOG ALPHABET INC 5.5%

Value ($000) $66,729 (+26.2%) Shares 212,648 (-2.0%) Est. Cost $209.93 Unrealized +36.4%

LLY ELI LILLY & CO 3.2%

Value ($000) $38,355 (+38.4%) Shares 35,690 (-1.8%) Est. Cost $589.52 Unrealized +62.1%

PEP PEPSICO INC 0.1%

Value ($000) $960 (-91.5%) Shares 6,691 (-91.7%) Est. Cost $152.06 Unrealized -4.0%

AMAT APPLIED MATLS INC 3.3%

Value ($000) $40,239 (+24.0%) Shares 156,578 (-1.2%) Est. Cost $115.96 Unrealized +106.5%

AJG GALLAGHER ARTHUR J & CO 0.8%

Value ($000) $9,976 (-19.2%) Shares 38,547 (-3.3%) Est. Cost $206.79 Unrealized +27.8%

COST COSTCO WHSL CORP NEW 1.5%

Value ($000) $18,048 (-8.4%) Shares 20,929 (-1.7%) Est. Cost $592.63 Unrealized +52.8%

SNPS SYNOPSYS INC 1.4%

Value ($000) $16,637 (-7.8%) Shares 35,418 (-3.2%) Est. Cost $407.78 Unrealized +8.9%

PG PROCTER AND GAMBLE CO 1.1%

Value ($000) $13,078 (-9.5%) Shares 91,256 (-3.0%) Est. Cost $140.22 Unrealized +5.0%

GOOGL ALPHABET INC 0.4%

Value ($000) $4,359 (+26.0%) Shares 13,928 (-2.2%) Est. Cost $172.43 Unrealized +65.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADBE	ADOBE INC	5,768 (-88.8%)	$2,019 (-88.8%)	0.2%	$344.75	-1.4%	COM	00724F101
GOOG	ALPHABET INC	212,648 (-2.0%)	$66,729 (+26.2%)	5.5%	$209.93	+36.4%	CAP STK CL C	02079K107
LLY	ELI LILLY & CO	35,690 (-1.8%)	$38,355 (+38.4%)	3.2%	$589.52	+62.1%	COM	532457108
PEP	PEPSICO INC	6,691 (-91.7%)	$960 (-91.5%)	0.1%	$152.06	-4.0%	COM	713448108
AMAT	APPLIED MATLS INC	156,578 (-1.2%)	$40,239 (+24.0%)	3.3%	$115.96	+106.5%	COM	038222105
AJG	GALLAGHER ARTHUR J & CO	38,547 (-3.3%)	$9,976 (-19.2%)	0.8%	$206.79	+27.8%	COM	363576109
COST	COSTCO WHSL CORP NEW	20,929 (-1.7%)	$18,048 (-8.4%)	1.5%	$592.63	+52.8%	COM	22160K105
SNPS	SYNOPSYS INC	35,418 (-3.2%)	$16,637 (-7.8%)	1.4%	$407.78	+8.9%	COM	871607107
PG	PROCTER AND GAMBLE CO	91,256 (-3.0%)	$13,078 (-9.5%)	1.1%	$140.22	+5.0%	COM	742718109
GOOGL	ALPHABET INC	13,928 (-2.2%)	$4,359 (+26.0%)	0.4%	$172.43	+65.6%	CAP STK CL A	02079K305

Unchanged Positions (41)

MSFT MICROSOFT CORP 9.9%

Value ($000) $119,825 Shares 247,767 Est. Cost $274.60 Unrealized +82.3%

AAPL APPLE INC 9.4%

Value ($000) $114,237 Shares 420,204 Est. Cost $150.82 Unrealized +77.9%

GS GOLDMAN SACHS GROUP INC 3.4%

Value ($000) $41,459 Shares 47,167 Est. Cost $367.01 Unrealized +121.6%

AMZN AMAZON COM INC 5.3%

Value ($000) $64,830 Shares 280,868 Est. Cost $118.78 Unrealized +92.6%

MRK MERCK & CO INC 1.3%

Value ($000) $16,323 Shares 155,070 Est. Cost $88.91 Unrealized +4.9%

JNJ JOHNSON & JOHNSON 2.4%

Value ($000) $28,811 Shares 139,216 Est. Cost $154.78 Unrealized +27.3%

AMGN AMGEN INC 1.6%

Value ($000) $19,200 Shares 58,660 Est. Cost $257.26 Unrealized +22.8%

TMO THERMO FISHER SCIENTIFIC INC 1.3%

Value ($000) $15,360 Shares 26,508 Est. Cost $492.88 Unrealized +14.7%

CB CHUBB LIMITED 1.8%

Value ($000) $21,504 Shares 68,897 Est. Cost $251.87 Unrealized +16.1%

CSCO CISCO SYS INC 1.5%

Value ($000) $18,061 Shares 234,468 Est. Cost $46.32 Unrealized +59.3%

ROK ROCKWELL AUTOMATION INC 1.0%

Value ($000) $12,672 Shares 32,569 Est. Cost $268.80 Unrealized +39.6%

AVGO BROADCOM INC 1.9%

Value ($000) $23,017 Shares 66,504 Est. Cost $171.33 Unrealized +108.4%

NOC NORTHROP GRUMMAN CORP 1.5%

Value ($000) $17,814 Shares 31,241 Est. Cost $489.02 Unrealized +18.4%

WFC WELLS FARGO CO NEW 0.9%

Value ($000) $10,963 Shares 117,630 Est. Cost $80.47 Unrealized +7.7%

SYK STRYKER CORPORATION 1.6%

Value ($000) $19,548 Shares 55,619 Est. Cost $266.84 Unrealized +36.2%

INTU INTUIT 2.1%

Value ($000) $25,918 Shares 39,126 Est. Cost $452.19 Unrealized +46.1%

FFIV F5 INC 0.3%

Value ($000) $3,552 Shares 13,917 Est. Cost $279.63 Unrealized -3.8%

V VISA INC 1.9%

Value ($000) $23,024 Shares 65,650 Est. Cost $227.68 Unrealized +49.5%

SCHW SCHWAB CHARLES CORP 1.6%

Value ($000) $19,145 Shares 191,622 Est. Cost $66.72 Unrealized +42.0%

JPM JPMORGAN CHASE & CO. 2.9%

Value ($000) $34,894 Shares 108,292 Est. Cost $139.82 Unrealized +121.4%

EMR EMERSON ELEC CO 1.1%

Value ($000) $13,970 Shares 105,256 Est. Cost $94.06 Unrealized +40.7%

ABBV ABBVIE INC 2.3%

Value ($000) $27,815 Shares 121,735 Est. Cost $150.17 Unrealized +51.5%

MCD MCDONALDS CORP 0.9%

Value ($000) $10,799 Shares 35,335 Est. Cost $262.83 Unrealized +16.1%

WAFD WAFD INC 0.2%

Value ($000) $2,485 Shares 77,586 Est. Cost $30.36 Unrealized +0.4%

MA MASTERCARD INCORPORATED 0.9%

Value ($000) $11,247 Shares 19,702 Est. Cost $380.58 Unrealized +46.9%

ORCL ORACLE CORP 0.0%

Value ($000) $253 Shares 1,300 Est. Cost $160.80 Unrealized +48.0%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $1,564 Shares 13,000 Est. Cost $102.39 Unrealized +12.8%

SHW SHERWIN WILLIAMS CO 0.1%

Value ($000) $1,029 Shares 3,176 Est. Cost $344.92 Unrealized -3.1%

EXPD EXPEDITORS INTL WASH INC 0.0%

Value ($000) $261 Shares 1,750 Est. Cost $118.30 Unrealized +14.7%

CDNS CADENCE DESIGN SYSTEM INC 0.0%

Value ($000) $313 Shares 1,000 Est. Cost $290.70 Unrealized +12.2%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $333 Shares 900 Est. Cost $202.90 Unrealized +75.9%

ADP AUTOMATIC DATA PROCESSING IN 0.0%

Value ($000) $232 Shares 900 Est. Cost $231.16 Unrealized +14.6%

IBM INTERNATIONAL BUSINESS MACHS 0.1%

Value ($000) $681 Shares 2,300 Est. Cost $172.56 Unrealized +73.1%

MDT MEDTRONIC PLC 1.5%

Value ($000) $18,138 Shares 188,819 Est. Cost $81.02 Unrealized +19.9%

ABT ABBOTT LABS 0.0%

Value ($000) $351 Shares 2,804 Est. Cost $130.61 Unrealized -2.5%

MCK MCKESSON CORP 0.0%

Value ($000) $288 Shares 351 Est. Cost $557.26 Unrealized +46.4%

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $205 Shares 423 Est. Cost $448.15 Unrealized +6.3%

UNP UNION PAC CORP 0.0%

Value ($000) $301 Shares 1,300 Est. Cost $190.19 Unrealized +19.5%

WK WORKIVA INC 0.1%

Value ($000) $906 Shares 10,500 Est. Cost $77.50 Unrealized +14.2%

BA BOEING CO 0.0%

Value ($000) $206 Shares 950 Est. Cost $225.47 Unrealized -8.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $654 Shares 1,301 Est. Cost $348.67 Unrealized +42.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	247,767	$119,825	9.9%	$274.60	+82.3%	COM	594918104
AAPL	APPLE INC	420,204	$114,237	9.4%	$150.82	+77.9%	COM	037833100
GS	GOLDMAN SACHS GROUP INC	47,167	$41,459	3.4%	$367.01	+121.6%	COM	38141G104
AMZN	AMAZON COM INC	280,868	$64,830	5.3%	$118.78	+92.6%	COM	023135106
MRK	MERCK & CO INC	155,070	$16,323	1.3%	$88.91	+4.9%	COM	58933Y105
JNJ	JOHNSON & JOHNSON	139,216	$28,811	2.4%	$154.78	+27.3%	COM	478160104
AMGN	AMGEN INC	58,660	$19,200	1.6%	$257.26	+22.8%	COM	031162100
TMO	THERMO FISHER SCIENTIFIC INC	26,508	$15,360	1.3%	$492.88	+14.7%	COM	883556102
CB	CHUBB LIMITED	68,897	$21,504	1.8%	$251.87	+16.1%	COM	H1467J104
CSCO	CISCO SYS INC	234,468	$18,061	1.5%	$46.32	+59.3%	COM	17275R102
ROK	ROCKWELL AUTOMATION INC	32,569	$12,672	1.0%	$268.80	+39.6%	COM	773903109
AVGO	BROADCOM INC	66,504	$23,017	1.9%	$171.33	+108.4%	COM	11135F101
NOC	NORTHROP GRUMMAN CORP	31,241	$17,814	1.5%	$489.02	+18.4%	COM	666807102
WFC	WELLS FARGO CO NEW	117,630	$10,963	0.9%	$80.47	+7.7%	COM	949746101
SYK	STRYKER CORPORATION	55,619	$19,548	1.6%	$266.84	+36.2%	COM	863667101
INTU	INTUIT	39,126	$25,918	2.1%	$452.19	+46.1%	COM	461202103
FFIV	F5 INC	13,917	$3,552	0.3%	$279.63	-3.8%	COM	315616102
V	VISA INC	65,650	$23,024	1.9%	$227.68	+49.5%	COM CL A	92826C839
SCHW	SCHWAB CHARLES CORP	191,622	$19,145	1.6%	$66.72	+42.0%	COM	808513105
JPM	JPMORGAN CHASE & CO.	108,292	$34,894	2.9%	$139.82	+121.4%	COM	46625H100
EMR	EMERSON ELEC CO	105,256	$13,970	1.1%	$94.06	+40.7%	COM	291011104
ABBV	ABBVIE INC	121,735	$27,815	2.3%	$150.17	+51.5%	COM	00287Y109
MCD	MCDONALDS CORP	35,335	$10,799	0.9%	$262.83	+16.1%	COM	580135101
WAFD	WAFD INC	77,586	$2,485	0.2%	$30.36	+0.4%	COM	938824109
MA	MASTERCARD INCORPORATED	19,702	$11,247	0.9%	$380.58	+46.9%	CL A	57636Q104
ORCL	ORACLE CORP	1,300	$253	0.0%	$160.80	+48.0%	COM	68389X105
XOM	EXXON MOBIL CORP	13,000	$1,564	0.1%	$102.39	+12.8%	COM	30231G102
SHW	SHERWIN WILLIAMS CO	3,176	$1,029	0.1%	$344.92	-3.1%	COM	824348106
EXPD	EXPEDITORS INTL WASH INC	1,750	$261	0.0%	$118.30	+14.7%	COM	302130109
CDNS	CADENCE DESIGN SYSTEM INC	1,000	$313	0.0%	$290.70	+12.2%	COM	127387108
AXP	AMERICAN EXPRESS CO	900	$333	0.0%	$202.90	+75.9%	COM	025816109
ADP	AUTOMATIC DATA PROCESSING IN	900	$232	0.0%	$231.16	+14.6%	COM	053015103
IBM	INTERNATIONAL BUSINESS MACHS	2,300	$681	0.1%	$172.56	+73.1%	COM	459200101
MDT	MEDTRONIC PLC	188,819	$18,138	1.5%	$81.02	+19.9%	SHS	G5960L103
ABT	ABBOTT LABS	2,804	$351	0.0%	$130.61	-2.5%	COM	002824100
MCK	MCKESSON CORP	351	$288	0.0%	$557.26	+46.4%	COM	58155Q103
LMT	LOCKHEED MARTIN CORP	423	$205	0.0%	$448.15	+6.3%	COM	539830109
UNP	UNION PAC CORP	1,300	$301	0.0%	$190.19	+19.5%	COM	907818108
WK	WORKIVA INC	10,500	$906	0.1%	$77.50	+14.2%	COM CL A	98139A105
BA	BOEING CO	950	$206	0.0%	$225.47	-8.8%	COM	097023105
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,301	$654	0.1%	$348.67	+42.7%	CL B NEW	084670702