Front Street Capital Management, Inc.

Portfolio Overview

Front Street Capital Management, Inc. disclosed 70 positions worth $880.6M in its Form 13F-HR for Q2 2026, led by $LUMN (Lumen Technologies, Inc.) at 10.6% of the equity portfolio, followed by $CGNX and $GE. During the quarter the fund opened 4 new positions and exited 7 — including a new stake in $THRM. The portfolio is most concentrated in Technology (39.4% of disclosed assets). All figures are sourced directly from Front Street Capital Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1683182.

• 

  Lumen Technologies, Inc.

  $LUMN

  47.0#1,800

  Quality

  $93.5M12,171,321 sh
• 

  COGNEX CORP

  $CGNX

  66.9#390

  Quality

  $90.6M1,255,029 sh
• 

  GENERAL ELECTRIC CO

  $GE

  73.8#127

  Quality

  $70.5M188,533 sh
• 

  GE Vernova Inc.

  $GEV

  81.1

  Quality

  $50.0M42,527 sh
• 

  MANITOWOC CO INC

  $MTW

  47.3

  Quality

  $44.5M3,207,113 sh

• VANGUARD S&P 500 ETF - COM

  —

  Quality

  $42.6M61,985 sh
• 

  Lumentum Holdings Inc.

  $LITE

  44.3

  Quality

  $36.9M43,038 sh
• 

  CORNING INC /NY

  $GLW

  73.7

  Quality

  $35.9M141,078 sh
• 

  Azenta, Inc.

  $AZTA

  28.2

  Quality

  $33.2M1,301,398 sh
• 

  BERKSHIRE HATHAWAY INC

  $BRK.B

  73.8

  Quality

  $30.8M61,247 sh

Company	Quality	Value	Shares
Lumen Technologies, Inc.$LUMN	47.0#1,800	$93.5M	12,171,321
COGNEX CORP$CGNX	66.9#390	$90.6M	1,255,029
GENERAL ELECTRIC CO$GE	73.8#127	$70.5M	188,533
GE Vernova Inc.$GEV	81.1	$50.0M	42,527
MANITOWOC CO INC$MTW	47.3	$44.5M	3,207,113
VANGUARD S&P 500 ETF - COM	—	$42.6M	61,985
Lumentum Holdings Inc.$LITE	44.3	$36.9M	43,038
CORNING INC /NY$GLW	73.7	$35.9M	141,078
Azenta, Inc.$AZTA	28.2	$33.2M	1,301,398
BERKSHIRE HATHAWAY INC$BRK.B	73.8	$30.8M	61,247

Showing top 10 of 70 holdings.

Full Holdings — Front Street Capital Management, Inc. (Q2 2026)

All 70 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$LUMN	Lumen Technologies, Inc.	$93.5M	10.6%	-3%	47
2	$CGNX	COGNEX CORP	$90.6M	10.3%	-5%	66.9
3	$GE	GENERAL ELECTRIC CO	$70.5M	8.0%	-3%	73.8
4	$GEV	GE Vernova Inc.	$50.0M	5.7%	-8%	81.1
5	$MTW	MANITOWOC CO INC	$44.5M	5.1%	-3%	47.3
6	—	VANGUARD S&P 500 ETF - COM	$42.6M	4.8%	-8%	—
7	$LITE	Lumentum Holdings Inc.	$36.9M	4.2%	-43%	44.3
8	$GLW	CORNING INC /NY	$35.9M	4.1%	-17%	73.7
9	$AZTA	Azenta, Inc.	$33.2M	3.8%	+46%	28.2
10	$BRK.B	BERKSHIRE HATHAWAY INC	$30.8M	3.5%	+2%	73.8
11	$COHR	COHERENT CORP.	$29.7M	3.4%	-14%	58.5
12	$BAX	BAXTER INTERNATIONAL INC	$28.1M	3.2%	-0%	50.1
13	$IP	INTERNATIONAL PAPER CO /NEW/	$26.5M	3.0%	+24%	52.1
14	$CIEN	CIENA CORP	$23.5M	2.7%	-20%	72.9
15	$HNI	HNI CORP	$23.5M	2.7%	+130%	58.1
16	$DHR	DANAHER CORP /DE/	$22.1M	2.5%	-2%	64.8
17	$MOD	MODINE MANUFACTURING CO	$19.1M	2.2%	-2%	56.3
18	$JOE	ST JOE Co	$17.0M	1.9%	-4%	69.5
19	$ENOV	Enovis CORP	$16.3M	1.9%	+6%	39.5
20	$NUE	NUCOR CORP	$15.5M	1.8%	-9%	61.7
21	$COST	COSTCO WHOLESALE CORP /NEW	$15.0M	1.7%	-7%	66.2
22	$ESAB	ESAB Corp	$15.0M	1.7%	-1%	51.3
23	$MLKN	MILLERKNOLL, INC.	$14.7M	1.7%	+2%	50.5
24	$TEX	TEREX CORP	$13.5M	1.5%	-16%	58.6
25	$GPN	GLOBAL PAYMENTS INC	$6.7M	0.8%	+48%	47
26	$PH	Parker-Hannifin Corp	$6.3M	0.7%	-0%	65.8
27	$MKL	MARKEL GROUP INC.	$5.6M	0.6%	+80%	60.2
28	$VNT	Vontier Corp	$5.1M	0.6%	+0%	56.8
29	$GEHC	GE HealthCare Technologies Inc.	$4.4M	0.5%	-1%	55.7
30	$AAPL	Apple Inc.	$4.2M	0.5%	-51%	76.4
31	$VLTO	Veralto Corp	$3.6M	0.4%	-1%	65.5
32	$ATS	ATS Corp /ATS	$3.6M	0.4%	-52%	—
33	$MSFT	MICROSOFT CORP	$3.6M	0.4%	-0%	79.8
34	$CMCO	COLUMBUS MCKINNON CORP	$3.5M	0.4%	+8%	37.2
35	$AMD	ADVANCED MICRO DEVICES INC	$2.3M	0.3%	-40%	79.8
36	$PGR	PROGRESSIVE CORP/OH/	$2.0M	0.2%	+67%	80.1
37	$PG	PROCTER & GAMBLE Co	$1.7M	0.2%	+3%	64.6
38	$TILE	INTERFACE INC	$1.6M	0.2%	-8%	58.9
39	—	VANGUARD TOTAL STOCK MARKET ET - COM	$1.4M	0.2%	-3%	—
40	$EXPD	EXPEDITORS INTERNATIONAL OF WASHINGTON INC	$1.4M	0.1%	-12%	66
41	$THRM	Gentherm Inc	$1.3M	0.1%	NEW	48.2
42	$GOOGL	Alphabet Inc.	$1.3M	0.1%	-9%	78.2
43	$NVDA	NVIDIA CORP	$1.2M	0.1%	-23%	85.9
44	$GOOG	Alphabet Inc.	$1.1M	0.1%	-35%	78.2
45	$SPY	SPDR S&P 500 ETF TRUST	$1.0M	0.1%	+1%	—
46	$GBCI	GLACIER BANCORP, INC.	$986,313	0.1%	-1%	68.1
47	$CALM	CAL-MAINE FOODS INC	$746,472	0.1%	NEW	64.2
48	$CVX	CHEVRON CORP	$563,750	0.1%	-0%	62.8
49	$BAC	BANK OF AMERICA CORP /DE/	$557,435	0.1%	-21%	67.6
50	$AMZN	AMAZON COM INC	$547,437	0.1%	-25%	68.7
51	$TSLA	Tesla, Inc.	$501,355	0.1%	+1%	53.9
52	$JPM	JPMORGAN CHASE & CO	$397,112	0.1%	-17%	70.7
53	$KO	COCA COLA CO	$394,868	0.0%	-29%	69.5
54	$CSCO	CISCO SYSTEMS, INC.	$393,298	0.0%	-8%	70.3
55	$PYPL	PayPal Holdings, Inc.	$391,254	0.0%	-42%	64.1
56	$CL	COLGATE PALMOLIVE CO	$377,630	0.0%	-16%	61.3
57	—	ISHARES RUSSELL 2000 ETF - COM	$375,863	0.0%	-1%	—
58	$ROL	ROLLINS INC	$349,865	0.0%	-9%	65
59	$XOM.R34088	EXXON MOBIL CORP	$339,859	0.0%	+25%	57.9
60	$JNJ	JOHNSON & JOHNSON	$328,394	0.0%	-23%	69
61	$NOC	NORTHROP GRUMMAN CORP /DE/	$319,847	0.0%	+0%	62.9
62	$RTX	RTX Corp	$306,034	0.0%	+0%	73.2
63	$ETN	Eaton Corp plc	$302,545	0.0%	-0%	—
64	$WFC	WELLS FARGO & COMPANY/MN	$248,090	0.0%	-20%	61.8
65	$QCOM	QUALCOMM INC/DE	$245,586	0.0%	-20%	70.5
66	$VZ	VERIZON COMMUNICATIONS INC	$230,795	0.0%	-20%	65.8
67	$AXP	AMERICAN EXPRESS CO	$219,863	0.0%	+0%	69.4
68	$MRK	Merck & Co., Inc.	$217,808	0.0%	NEW	59.9
69	$VLO	VALERO ENERGY CORP/TX	$203,404	0.0%	NEW	57.8
70	$ITW	ILLINOIS TOOL WORKS INC	$135,235	0.0%	+0%	63.6