Hikari Tsushin, Inc. Long-Term Concentrated

CIK: 0001423673 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $1,535,101 (100.0% shares, 0.0% debt)

Holdings (80)

New Positions (5)

CRM SALESFORCE INC 0.1%

Value ($000) $963 Shares 3,634 Est. Cost $248.17 Unrealized 0.0%

BDX BECTON DICKINSON AND CO 0.1%

Value ($000) $932 Shares 6,107 Est. Cost $189.55 Unrealized 0.0%

GLD SPDR GOLD SHARES 0.0%

Value ($000) $198 Shares 500 Est. Cost $396.31 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $120 Shares 365 Est. Cost $337.21 Unrealized 0.0%

MOH MOLINA HEALTHCARE INC 0.0%

Value ($000) $119 Shares 687 Est. Cost $164.37 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	3,634	$963	0.1%	$248.17	0.0%	COMMON	79466L302
BDX	BECTON DICKINSON AND CO	6,107	$932	0.1%	$189.55	0.0%	COMMON	075887109
GLD	SPDR GOLD SHARES	500	$198	0.0%	$396.31	—	COMMON	78463V107
UNH	UNITEDHEALTH GROUP INC	365	$120	0.0%	$337.21	0.0%	COMMON	91324P102
MOH	MOLINA HEALTHCARE INC	687	$119	0.0%	$164.37	0.0%	COMMON	60855R100

Increased Positions (2)

ZTS ZOETIS INC 1.3%

Value ($000) $20,664 (+240.4%) Shares 164,238 (+295.8%) Est. Cost $135.70 Unrealized -4.0%

BN BROOKFIELD CORP 0.2%

Value ($000) $3,012 (+50.6%) Shares 65,646 (+50.0%) Est. Cost $29.82 Unrealized +52.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	164,238 (+295.8%)	$20,664 (+240.4%)	1.3%	$135.70	-4.0%	COMMON	98978V103
BN	BROOKFIELD CORP	65,646 (+50.0%)	$3,012 (+50.6%)	0.2%	$29.82	+52.7%	COMMON	11271J107

Exited Positions (2)

MO ALTRIA GROUP INC 0.1%

Value ($000) $1,903 Shares 28,805 Est. Cost $31.91 Unrealized +86.1%

OXY OCCIDENTAL PETROLEUM CORP 0.0%

Value ($000) $250 Shares 5,297 Est. Cost $60.27 Unrealized -31.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MO	ALTRIA GROUP INC	28,805	$1,903	0.1%	$31.91	+86.1%	—	02209S103
OXY	OCCIDENTAL PETROLEUM CORP	5,297	$250	0.0%	$60.27	-31.1%	—	674599105

Decreased Positions (12)

GOOGL ALPHABET INC-CL A 11.7%

Value ($000) $180,264 (+26.1%) Shares 575,922 (-2.0%) Est. Cost $107.03 Unrealized +166.9%

VOO VANGUARD S AND P 500 ETF 2.4%

Value ($000) $36,220 (-10.2%) Shares 57,755 (-12.3%) Est. Cost $321.46 Unrealized —

MMM 3M CO 1.2%

Value ($000) $18,182 (-13.6%) Shares 113,567 (-16.2%) Est. Cost $105.55 Unrealized +54.6%

PSX PHILLIPS 66 1.0%

Value ($000) $15,253 (-10.3%) Shares 118,202 (-5.5%) Est. Cost $64.69 Unrealized +107.2%

ISRG INTUITIVE SURGICAL INC 0.6%

Value ($000) $9,263 (+22.5%) Shares 16,355 (-3.3%) Est. Cost $258.49 Unrealized +106.0%

JNJ JOHNSON AND JOHNSON 1.7%

Value ($000) $26,739 (+5.3%) Shares 129,204 (-5.6%) Est. Cost $101.44 Unrealized +94.2%

J JACOBS SOLUTIONS INC 0.3%

Value ($000) $5,094 (-20.6%) Shares 38,455 (-10.2%) Est. Cost $114.78 Unrealized +27.6%

LMT LOCKHEED MARTIN CORP 0.9%

Value ($000) $14,048 (-7.5%) Shares 29,045 (-4.6%) Est. Cost $321.24 Unrealized +48.2%

WAT WATERS CORPORATION 0.5%

Value ($000) $7,808 (+13.2%) Shares 20,556 (-10.6%) Est. Cost $260.52 Unrealized +41.2%

PG PROCTER AND GAMBLE CO 0.2%

Value ($000) $3,799 (-13.9%) Shares 26,512 (-7.7%) Est. Cost $67.79 Unrealized +117.1%

FTV FORTIVE CORP 0.2%

Value ($000) $2,727 (-11.9%) Shares 49,400 (-21.9%) Est. Cost $37.99 Unrealized +36.5%

AME AMETEK INC 0.4%

Value ($000) $6,268 (+3.4%) Shares 30,529 (-5.3%) Est. Cost $117.46 Unrealized +65.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC-CL A	575,922 (-2.0%)	$180,264 (+26.1%)	11.7%	$107.03	+166.9%	COMMON	02079K305
VOO	VANGUARD S AND P 500 ETF	57,755 (-12.3%)	$36,220 (-10.2%)	2.4%	$321.46	—	COMMON	922908363
MMM	3M CO	113,567 (-16.2%)	$18,182 (-13.6%)	1.2%	$105.55	+54.6%	COMMON	88579Y101
PSX	PHILLIPS 66	118,202 (-5.5%)	$15,253 (-10.3%)	1.0%	$64.69	+107.2%	COMMON	718546104
ISRG	INTUITIVE SURGICAL INC	16,355 (-3.3%)	$9,263 (+22.5%)	0.6%	$258.49	+106.0%	COMMON	46120E602
JNJ	JOHNSON AND JOHNSON	129,204 (-5.6%)	$26,739 (+5.3%)	1.7%	$101.44	+94.2%	COMMON	478160104
J	JACOBS SOLUTIONS INC	38,455 (-10.2%)	$5,094 (-20.6%)	0.3%	$114.78	+27.6%	COMMON	46982L108
LMT	LOCKHEED MARTIN CORP	29,045 (-4.6%)	$14,048 (-7.5%)	0.9%	$321.24	+48.2%	COMMON	539830109
WAT	WATERS CORPORATION	20,556 (-10.6%)	$7,808 (+13.2%)	0.5%	$260.52	+41.2%	COMMON	941848103
PG	PROCTER AND GAMBLE CO	26,512 (-7.7%)	$3,799 (-13.9%)	0.2%	$67.79	+117.1%	COMMON	742718109
FTV	FORTIVE CORP	49,400 (-21.9%)	$2,727 (-11.9%)	0.2%	$37.99	+36.5%	COMMON	34959J108
AME	AMETEK INC	30,529 (-5.3%)	$6,268 (+3.4%)	0.4%	$117.46	+65.5%	COMMON	031100100

Unchanged Positions (61)

DHR DANAHER CORP 1.0%

Value ($000) $14,814 Shares 64,712 Est. Cost $54.05 Unrealized +306.2%

LIN LINDE PLC 0.7%

Value ($000) $10,873 Shares 25,500 Est. Cost $322.30 Unrealized +32.6%

MCO MOODY'S CORP 1.1%

Value ($000) $16,188 Shares 31,689 Est. Cost $149.78 Unrealized +225.4%

VEEV VEEVA SYSTEMS INC-CLASS A 0.2%

Value ($000) $3,027 Shares 13,562 Est. Cost $198.08 Unrealized +34.0%

V VISA INC-CLASS A SHARES 2.3%

Value ($000) $35,967 Shares 102,555 Est. Cost $68.06 Unrealized +400.1%

ROP ROPER TECHNOLOGIES INC 0.5%

Value ($000) $6,944 Shares 15,600 Est. Cost $166.75 Unrealized +177.2%

BMY BRISTOL-MYERS SQUIBB CO 0.3%

Value ($000) $4,377 Shares 81,141 Est. Cost $49.64 Unrealized -4.3%

BRK/A BERKSHIRE HATHAWAY INC-CL A 55.4%

Value ($000) $850,660 Shares 1,127 Est. Cost $223219.72 Unrealized +234.4%

RSG REPUBLIC SERVICES INC 0.4%

Value ($000) $6,824 Shares 32,200 Est. Cost $26.37 Unrealized +713.6%

BHP BHP GROUP LTD-SPON ADR 0.5%

Value ($000) $7,185 Shares 119,021 Est. Cost $77.25 Unrealized —

VHT VANGUARD HEALTH CARE ETF 0.4%

Value ($000) $5,474 Shares 19,016 Est. Cost $250.12 Unrealized —

JKHY JACK HENRY AND ASSOCIATES INC 0.2%

Value ($000) $2,624 Shares 14,382 Est. Cost $121.69 Unrealized +36.6%

XOM EXXON MOBIL CORP 0.4%

Value ($000) $6,256 Shares 51,986 Est. Cost $78.85 Unrealized +46.5%

ADP AUTOMATIC DATA PROCESSING INC 0.2%

Value ($000) $2,675 Shares 10,400 Est. Cost $45.09 Unrealized +487.4%

MSFT MICROSOFT CORP 0.3%

Value ($000) $4,973 Shares 10,283 Est. Cost $236.43 Unrealized +111.7%

SOLV SOLVENTUM CORP 0.3%

Value ($000) $4,452 Shares 56,180 Est. Cost $60.70 Unrealized +26.2%

ABBV ABBVIE INC 1.6%

Value ($000) $23,983 Shares 104,963 Est. Cost $91.40 Unrealized +148.9%

ABT ABBOTT LABORATORIES 0.3%

Value ($000) $4,118 Shares 32,870 Est. Cost $28.85 Unrealized +341.3%

PPLT ABRDN PHYSICAL PLATINUM SHRS 0.1%

Value ($000) $1,211 Shares 6,496 Est. Cost $122.87 Unrealized —

AMTM AMENTUM HOLDINGS INC 0.1%

Value ($000) $1,317 Shares 45,403 Est. Cost $27.96 Unrealized -8.6%

ECL ECOLAB INC 0.3%

Value ($000) $5,288 Shares 20,144 Est. Cost $94.07 Unrealized +182.5%

VRSN VERISIGN INC 0.1%

Value ($000) $1,434 Shares 5,901 Est. Cost $183.39 Unrealized +36.8%

HYG ISHARES IBOXX HIGH YLD CORP 1.8%

Value ($000) $27,669 Shares 343,165 Est. Cost $77.72 Unrealized —

VNT VONTIER CORP 0.1%

Value ($000) $1,460 Shares 39,267 Est. Cost $31.98 Unrealized +19.7%

MRK MERCK AND CO INC 0.1%

Value ($000) $928 Shares 8,812 Est. Cost $69.61 Unrealized +34.0%

MDLZ MONDELEZ INTERNATIONAL INC-CL A 0.1%

Value ($000) $1,125 Shares 20,898 Est. Cost $23.16 Unrealized +146.4%

BKLN INVESCO SENIOR LOAN ETF 3.4%

Value ($000) $52,161 Shares 2,483,848 Est. Cost $21.12 Unrealized —

RAL RALLIANT CORP 0.1%

Value ($000) $1,073 Shares 21,075 Est. Cost $49.24 Unrealized -4.8%

VLTO VERALTO CORP 0.1%

Value ($000) $2,150 Shares 21,546 Est. Cost $73.75 Unrealized +37.0%

MDT MEDTRONIC PLC 0.9%

Value ($000) $13,924 Shares 144,952 Est. Cost $72.51 Unrealized +34.0%

NVO NOVO NORDISK AS 0.1%

Value ($000) $1,196 Shares 23,512 Est. Cost $70.43 Unrealized —

WFC WELLS FARGO AND CO 0.1%

Value ($000) $991 Shares 10,631 Est. Cost $30.65 Unrealized +182.6%

COST COSTCO WHOLESALE CORP 0.1%

Value ($000) $1,207 Shares 1,400 Est. Cost $86.56 Unrealized +946.4%

CI THE CIGNA CORP 0.1%

Value ($000) $1,750 Shares 6,358 Est. Cost $257.67 Unrealized +8.4%

MTD METTLER-TOLEDO INTERNATIONAL 0.0%

Value ($000) $672 Shares 482 Est. Cost $1170.82 Unrealized +19.3%

TLT ISHARES 20 YEAR TREASURY BD 0.2%

Value ($000) $3,016 Shares 34,607 Est. Cost $91.78 Unrealized —

URA GLOBAL X URANIUM ETF 0.0%

Value ($000) $616 Shares 14,405 Est. Cost $41.86 Unrealized —

LEVI LEVI STRAUSS AND CO- CLASS A 0.0%

Value ($000) $508 Shares 24,500 Est. Cost $12.98 Unrealized +64.7%

TRMB TRIMBLE INC 0.1%

Value ($000) $1,389 Shares 17,728 Est. Cost $55.68 Unrealized +43.1%

FONR FONAR CORP 0.0%

Value ($000) $263 Shares 14,158 Est. Cost $26.41 Unrealized -42.9%

A AGILENT TECHNOLOGIES INC 0.1%

Value ($000) $871 Shares 6,403 Est. Cost $112.31 Unrealized +28.0%

IBB ISHARES BIOTECHNOLOGY ETF 0.0%

Value ($000) $232 Shares 1,373 Est. Cost $130.37 Unrealized —

ALSN ALLISON TRANSMISSION HOLDING 0.0%

Value ($000) $245 Shares 2,500 Est. Cost $54.40 Unrealized +60.8%

NTR NUTRIEN LTD 0.0%

Value ($000) $667 Shares 10,800 Est. Cost $38.37 Unrealized +53.4%

CSD INVESCO S AND P SPIN-OFF ETF 0.0%

Value ($000) $489 Shares 4,903 Est. Cost $70.78 Unrealized —

FTSL FIRST TRUST SENIOR LOAN ETF 1.7%

Value ($000) $26,161 Shares 570,196 Est. Cost $46.00 Unrealized —

WDS WOODSIDE ENERGY GROUP-ADR 0.0%

Value ($000) $552 Shares 35,381 Est. Cost $21.57 Unrealized —

UG UNITED GUARDIAN INC 0.0%

Value ($000) $59 Shares 9,500 Est. Cost $8.23 Unrealized -19.7%

TNET TRINET GROUP INC 0.0%

Value ($000) $112 Shares 1,900 Est. Cost $67.41 Unrealized -12.3%

VPL VANGUARD FTSE PACIFIC ETF 0.0%

Value ($000) $446 Shares 4,931 Est. Cost $76.03 Unrealized —

TDG TRANSDIGM GROUP INC 0.1%

Value ($000) $1,410 Shares 1,060 Est. Cost $503.62 Unrealized +160.3%

EWBC EAST WEST BANCORP INC 0.0%

Value ($000) $225 Shares 2,000 Est. Cost $56.62 Unrealized +85.7%

VIG VANGUARD DIVIDEND APPREC ETF 0.0%

Value ($000) $647 Shares 2,942 Est. Cost $204.67 Unrealized —

AMGN AMGEN INC 0.0%

Value ($000) $76 Shares 233 Est. Cost $286.59 Unrealized +10.2%

GNTX GENTEX CORP 0.0%

Value ($000) $47 Shares 2,020 Est. Cost $22.65 Unrealized +6.4%

RPRX ROYALTY PHARMA PLC 0.0%

Value ($000) $86 Shares 2,220 Est. Cost $41.61 Unrealized -8.3%

VWO VANGUARD FTSE EMERGING MARKE 0.1%

Value ($000) $846 Shares 15,745 Est. Cost $42.71 Unrealized —

VGIT VANGUARD INTERMEDIATE-TERM T 0.2%

Value ($000) $3,293 Shares 54,954 Est. Cost $58.23 Unrealized —

QQQ INVESCO QQQ TRUST SERIES 1 0.0%

Value ($000) $186 Shares 302 Est. Cost $488.07 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC-CL B 0.9%

Value ($000) $14,013 Shares 27,878 Est. Cost $342.72 Unrealized +45.2%

OGN ORGANON AND CO 0.0%

Value ($000) $4 Shares 599 Est. Cost $29.51 Unrealized -73.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DHR	DANAHER CORP	64,712	$14,814	1.0%	$54.05	+306.2%	COMMON	235851102
LIN	LINDE PLC	25,500	$10,873	0.7%	$322.30	+32.6%	COMMON	G54950103
MCO	MOODY'S CORP	31,689	$16,188	1.1%	$149.78	+225.4%	COMMON	615369105
VEEV	VEEVA SYSTEMS INC-CLASS A	13,562	$3,027	0.2%	$198.08	+34.0%	COMMON	922475108
V	VISA INC-CLASS A SHARES	102,555	$35,967	2.3%	$68.06	+400.1%	COMMON	92826C839
ROP	ROPER TECHNOLOGIES INC	15,600	$6,944	0.5%	$166.75	+177.2%	COMMON	776696106
BMY	BRISTOL-MYERS SQUIBB CO	81,141	$4,377	0.3%	$49.64	-4.3%	COMMON	110122108
BRK/A	BERKSHIRE HATHAWAY INC-CL A	1,127	$850,660	55.4%	$223219.72	+234.4%	COMMON	084670108
RSG	REPUBLIC SERVICES INC	32,200	$6,824	0.4%	$26.37	+713.6%	COMMON	760759100
BHP	BHP GROUP LTD-SPON ADR	119,021	$7,185	0.5%	$77.25	—	COMMON	088606108
VHT	VANGUARD HEALTH CARE ETF	19,016	$5,474	0.4%	$250.12	—	COMMON	92204A504
JKHY	JACK HENRY AND ASSOCIATES INC	14,382	$2,624	0.2%	$121.69	+36.6%	COMMON	426281101
XOM	EXXON MOBIL CORP	51,986	$6,256	0.4%	$78.85	+46.5%	COMMON	30231G102
ADP	AUTOMATIC DATA PROCESSING INC	10,400	$2,675	0.2%	$45.09	+487.4%	COMMON	053015103
MSFT	MICROSOFT CORP	10,283	$4,973	0.3%	$236.43	+111.7%	COMMON	594918104
SOLV	SOLVENTUM CORP	56,180	$4,452	0.3%	$60.70	+26.2%	COMMON	83444M101
ABBV	ABBVIE INC	104,963	$23,983	1.6%	$91.40	+148.9%	COMMON	00287Y109
ABT	ABBOTT LABORATORIES	32,870	$4,118	0.3%	$28.85	+341.3%	COMMON	002824100
PPLT	ABRDN PHYSICAL PLATINUM SHRS	6,496	$1,211	0.1%	$122.87	—	COMMON	003260106
AMTM	AMENTUM HOLDINGS INC	45,403	$1,317	0.1%	$27.96	-8.6%	COMMON	023939101
ECL	ECOLAB INC	20,144	$5,288	0.3%	$94.07	+182.5%	COMMON	278865100
VRSN	VERISIGN INC	5,901	$1,434	0.1%	$183.39	+36.8%	COMMON	92343E102
HYG	ISHARES IBOXX HIGH YLD CORP	343,165	$27,669	1.8%	$77.72	—	COMMON	464288513
VNT	VONTIER CORP	39,267	$1,460	0.1%	$31.98	+19.7%	COMMON	928881101
MRK	MERCK AND CO INC	8,812	$928	0.1%	$69.61	+34.0%	COMMON	58933Y105
MDLZ	MONDELEZ INTERNATIONAL INC-CL A	20,898	$1,125	0.1%	$23.16	+146.4%	COMMON	609207105
BKLN	INVESCO SENIOR LOAN ETF	2,483,848	$52,161	3.4%	$21.12	—	COMMON	46138G508
RAL	RALLIANT CORP	21,075	$1,073	0.1%	$49.24	-4.8%	COMMON	750940108
VLTO	VERALTO CORP	21,546	$2,150	0.1%	$73.75	+37.0%	COMMON	92338C103
MDT	MEDTRONIC PLC	144,952	$13,924	0.9%	$72.51	+34.0%	COMMON	G5960L103
NVO	NOVO NORDISK AS	23,512	$1,196	0.1%	$70.43	—	COMMON	670100205
WFC	WELLS FARGO AND CO	10,631	$991	0.1%	$30.65	+182.6%	COMMON	949746101
COST	COSTCO WHOLESALE CORP	1,400	$1,207	0.1%	$86.56	+946.4%	COMMON	22160K105
CI	THE CIGNA CORP	6,358	$1,750	0.1%	$257.67	+8.4%	COMMON	125523100
MTD	METTLER-TOLEDO INTERNATIONAL	482	$672	0.0%	$1170.82	+19.3%	COMMON	592688105
TLT	ISHARES 20 YEAR TREASURY BD	34,607	$3,016	0.2%	$91.78	—	COMMON	464287432
URA	GLOBAL X URANIUM ETF	14,405	$616	0.0%	$41.86	—	COMMON	37954Y871
LEVI	LEVI STRAUSS AND CO- CLASS A	24,500	$508	0.0%	$12.98	+64.7%	COMMON	52736R102
TRMB	TRIMBLE INC	17,728	$1,389	0.1%	$55.68	+43.1%	COMMON	896239100
FONR	FONAR CORP	14,158	$263	0.0%	$26.41	-42.9%	COMMON	344437405
A	AGILENT TECHNOLOGIES INC	6,403	$871	0.1%	$112.31	+28.0%	COMMON	00846U101
IBB	ISHARES BIOTECHNOLOGY ETF	1,373	$232	0.0%	$130.37	—	COMMON	464287556
ALSN	ALLISON TRANSMISSION HOLDING	2,500	$245	0.0%	$54.40	+60.8%	COMMON	01973R101
NTR	NUTRIEN LTD	10,800	$667	0.0%	$38.37	+53.4%	COMMON	67077M108
CSD	INVESCO S AND P SPIN-OFF ETF	4,903	$489	0.0%	$70.78	—	COMMON	46137V159
FTSL	FIRST TRUST SENIOR LOAN ETF	570,196	$26,161	1.7%	$46.00	—	COMMON	33738D309
WDS	WOODSIDE ENERGY GROUP-ADR	35,381	$552	0.0%	$21.57	—	COMMON	980228308
UG	UNITED GUARDIAN INC	9,500	$59	0.0%	$8.23	-19.7%	COMMON	910571108
TNET	TRINET GROUP INC	1,900	$112	0.0%	$67.41	-12.3%	COMMON	896288107
VPL	VANGUARD FTSE PACIFIC ETF	4,931	$446	0.0%	$76.03	—	COMMON	922042866
TDG	TRANSDIGM GROUP INC	1,060	$1,410	0.1%	$503.62	+160.3%	COMMON	893641100
EWBC	EAST WEST BANCORP INC	2,000	$225	0.0%	$56.62	+85.7%	COMMON	27579R104
VIG	VANGUARD DIVIDEND APPREC ETF	2,942	$647	0.0%	$204.67	—	COMMON	921908844
AMGN	AMGEN INC	233	$76	0.0%	$286.59	+10.2%	COMMON	031162100
GNTX	GENTEX CORP	2,020	$47	0.0%	$22.65	+6.4%	COMMON	371901109
RPRX	ROYALTY PHARMA PLC	2,220	$86	0.0%	$41.61	-8.3%	COMMON	G7709Q104
VWO	VANGUARD FTSE EMERGING MARKE	15,745	$846	0.1%	$42.71	—	COMMON	922042858
VGIT	VANGUARD INTERMEDIATE-TERM T	54,954	$3,293	0.2%	$58.23	—	COMMON	92206C706
QQQ	INVESCO QQQ TRUST SERIES 1	302	$186	0.0%	$488.07	—	COMMON	46090E103
BRK/B	BERKSHIRE HATHAWAY INC-CL B	27,878	$14,013	0.9%	$342.72	+45.2%	COMMON	084670702
OGN	ORGANON AND CO	599	$4	0.0%	$29.51	-73.3%	COMMON	68622V106