Lipe & Dalton
Sector Allocation
- Technology32.9%$71.1M
- Industrials18.9%$40.9M
- Financials16.8%$36.4M
- Healthcare15.1%$32.6M
- Consumer Discretionary4.9%$10.5M
- Energy3.1%$6.6M
- Real Estate2.8%$6.0M
- Consumer Staples2.8%$6.0M
- Materials2.0%$4.3M
- Communication Services0.5%$1.0M
AUM History
13fpro.ai/research/fund/lipe-and-dalton-1570396
Conviction and streaks
Stable · top 10 = 44.1%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
AAPL
$21.4MGOOG
$16.7MGS
$12.5MCM
$8.2MTEL
$6.9MINTC
$6.6MBN
$6.0MTMO
$5.8MBRK.B
$5.7MSNA
$5.5MAMZN
$5.1MBA
$5.0MEMR
$4.9MABBV
$4.8MDHR
$4.8MDE
$4.8MRTX
$4.7MHSY
$4.1MBAX
$4.1MBWA
$4.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/lipe-and-dalton-1570396
Lipe & Dalton 13F holdings — Q3 2026
$216.2M portfolio (+0.5% QoQ) · 94 holdings · Q3 2026 13F · top 10 are 44% of the stock portfolio
$21.4M
9.9% of stocks
-0.3%This quarter+0.6%Since filed11+ qtrsHeld$16.7M
7.7% of stocks
-0.5%This quarter-8.9%Since filed11+ qtrsHeld$12.5M
5.8% of stocks
-0.4%This quarter+0.2%Since filed11+ qtrsHeld$8.2M
3.8% of stocks
-0.6%This quarter+2.9%Since filed11+ qtrsHeld$6.9M
3.2% of stocks
No changeThis quarter+0.4%Since filed9 qtrsHeld$6.6M
3.1% of stocks
-2%This quarter-5.1%Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$6.0M
2.8% of stocks
+0.3%This quarter+3.1%Since filed11+ qtrsHeld$5.8M
2.7% of stocks
No changeThis quarter-1.7%Since filed6 qtrsHeld$5.7M
2.6% of stocks
+22%This quarter—Since filed11+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$5.5M
2.5% of stocks
No changeThis quarter-2.2%Since filed9 qtrsHeld
All holdings — Lipe & Dalton (Q3 2026)
94 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | AMAZON COM INC | Consumer Discretionary | $5.1M | 2.3% | 20K | -0.5% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | BOEING CO | Industrials | $5.0M | 2.3% | 27K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | EMERSON ELECTRIC CO | Industrials | $4.9M | 2.3% | 31K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | AbbVie Inc. | Healthcare | $4.8M | 2.2% | 18K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | DANAHER CORP /DE/ | Healthcare | $4.8M | 2.2% | 22K | +1% | 11+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | DEERE & CO | Industrials | $4.8M | 2.2% | 7,128 | -2% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | RTX Corp | Industrials | $4.7M | 2.2% | 25K | -1% | 11+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | HERSHEY CO | Consumer Staples | $4.1M | 1.9% | 26K | +0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | BAXTER INTERNATIONAL INC | Healthcare | $4.1M | 1.9% | 170K | +3% | 11+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | BORGWARNER INC | Industrials | $4.0M | 1.8% | 66K | -2% | 11+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Eaton Corp plc | Industrials | $3.8M | 1.8% | 8,840 | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | MORGAN STANLEY | Financials | $3.6M | 1.7% | 19K | +0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | YUM BRANDS INC | Consumer Discretionary | $3.5M | 1.6% | 26K | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | HP INC | Technology | $3.4M | 1.6% | 107K | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | MASCO CORP /DE/ | Industrials | $3.3M | 1.5% | 49K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $LDOS | Leidos Holdings, Inc. | Technology | $3.3M | 1.5% | 27K | New | |||
| 27 | $OKE | ONEOK INC /NEW/ | Energy | $3.1M | 1.4% | 37K | — | |||
| 28 | $AMGN | AMGEN INC | Healthcare | $3.1M | 1.4% | 7,377 | -0.7% | |||
| 29 | $TRP | TC ENERGY CORP | Energy | $2.9M | 1.3% | 50K | — | |||
| 30 | $MSFT | MICROSOFT CORP | Technology | $2.9M | 1.3% | 5,603 | -0.9% | |||
| 31 | $LYB | LyondellBasell Industries N.V. | Materials | $2.4M | 1.1% | 42K | +1% | |||
| 32 | $V | VISA INC. | Financials | $2.3M | 1.1% | 6,363 | -2% | |||
| 33 | $JNJ | JOHNSON & JOHNSON | Healthcare | $2.1M | 1.0% | 8,093 | +0.0% | |||
| 34 | $LMT | LOCKHEED MARTIN CORP | Industrials | $2.1M | 1.0% | 4,200 | +0.5% | |||
| 35 | $FFIV | F5, INC. | Technology | $2.0M | 0.9% | 4,580 | — | |||
| 36 | $VRTX | VERTEX PHARMACEUTICALS INC / MA | Healthcare | $2.0M | 0.9% | 3,761 | — | |||
| 37 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $1.9M | 0.9% | 3,963 | — | |||
| 38 | $META | Meta Platforms, Inc. | Technology | $1.9M | 0.9% | 2,554 | — | |||
| 39 | $BAM | Brookfield Asset Management Ltd. | Financials | $1.8M | 0.8% | 40K | -0.3% | |||
| 40 | $CVS | CVS HEALTH Corp | Healthcare | $1.6M | 0.7% | 18K | -23% | |||
| 41 | $MRK | Merck & Co., Inc. | Healthcare | $1.4M | 0.7% | 9,888 | +0.1% | |||
| 42 | $J | JACOBS SOLUTIONS INC. | Industrials | $1.3M | 0.6% | 9,904 | -4% | |||
| 43 | $CI | Cigna Group | Healthcare | $1.2M | 0.6% | 4,439 | +0.0% | |||
| 44 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $1.2M | 0.6% | 15K | — | |||
| 45 | $UBER | Uber Technologies, Inc | Technology | $1.1M | 0.5% | 17K | New | |||
| 46 | $ORCL | ORACLE CORP | Technology | $1.0M | 0.5% | 7,421 | — | |||
| 47 | $NVDA | NVIDIA CORP | Technology | $902K | 0.4% | 3,951 | — | |||
| 48 | $CARR | CARRIER GLOBAL Corp | Industrials | $766K | 0.3% | 14K | +0.0% | |||
| 49 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $765K | 0.3% | 17K | — | |||
| 50 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $758K | 0.3% | 4,650 | — | |||
| 51 | $PANW | Palo Alto Networks Inc | Technology | $735K | 0.3% | 1,850 | — | |||
| 52 | $ED | CONSOLIDATED EDISON INC | Utilities | $644K | 0.3% | 6,303 | — | |||
| 53 | $VLTO | Veralto Corp | Technology | $606K | 0.3% | 6,428 | — | |||
| 54 | $UHAL | U-Haul Holding Co /NV/ | Consumer Discretionary | $588K | 0.3% | 11K | — | |||
| 55 | $KR | KROGER CO | Consumer Staples | $586K | 0.3% | 10K | — | |||
| 56 | $KLAC | KLA CORP | Technology | $585K | 0.3% | 3,000 | — | |||
| 57 | $JPM | JPMORGAN CHASE & CO | Financials | $524K | 0.2% | 1,585 | — | |||
| 58 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $493K | 0.2% | 11K | — | |||
| 59 | $CLX | CLOROX CO /DE/ | Consumer Staples | $480K | 0.2% | 5,925 | — | |||
| 60 | $CSCO | CISCO SYSTEMS, INC. | Technology | $440K | 0.2% | 4,084 | — | |||
| 61 | $ZTS | Zoetis Inc. | Healthcare | $415K | 0.2% | 5,945 | +0.1% | |||
| 62 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $413K | 0.2% | 790 | — | |||
| 63 | $MCD | MCDONALDS CORP | Consumer Discretionary | $403K | 0.2% | 1,743 | — | |||
| 64 | $FTV | Fortive Corp | Industrials | $327K | 0.1% | 5,971 | — | |||
| 65 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $323K | 0.1% | 1,983 | — | |||
| 66 | $PEP | PEPSICO INC | Consumer Staples | $284K | 0.1% | 2,245 | — | |||
| 67 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $276K | 0.1% | 1,430 | — | |||
| 68 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $254K | 0.1% | 1,750 | — | |||
| 69 | $WHR | WHIRLPOOL CORP /DE/ | Technology | $242K | 0.1% | 7,880 | — | |||
| 70 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $232K | 0.1% | 380 | — | |||
| 71 | $SOBO | South Bow Corp | Energy | $230K | 0.1% | 9,844 | — | |||
| 72 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $205K | 0.1% | 720 | — | |||
| 73 | $MA | Mastercard Inc | Financials | $202K | 0.1% | 366 | — | |||
| 74 | $AMTM | Amentum Holdings, Inc. | Industrials | $198K | 0.1% | 11K | — | |||
| 75 | $USB | US BANCORP \DE\ | Financials | $189K | 0.1% | 3,275 | — | |||
| 76 | $ABT | ABBOTT LABORATORIES | Healthcare | $156K | 0.1% | 1,580 | — | |||
| 77 | $DIS | Walt Disney Co | Communication Services | $155K | 0.1% | 1,480 | — | |||
| 78 | $PFE | PFIZER INC | Healthcare | $141K | 0.1% | 4,954 | — | |||
| 79 | $KO | COCA COLA CO | Consumer Staples | $129K | 0.1% | 1,500 | — | |||
| 80 | $GE | GENERAL ELECTRIC CO | Industrials | $104K | 0.1% | 333 | — | |||
| 81 | $NFLX | NETFLIX INC | Communication Services | $97K | 0.0% | 1,400 | — | |||
| 82 | $GOOGL | Alphabet Inc. | Technology | $88K | 0.0% | 257 | — | |||
| 83 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $76K | 0.0% | 1,125 | — | |||
| 84 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $56K | 0.0% | 971 | — | |||
| 85 | $AVGO | Broadcom Inc. | Technology | $54K | 0.0% | 154 | -49% | |||
| 86 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $53K | 0.0% | 200 | New | |||
| 87 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $50K | 0.0% | 800 | — | |||
| 88 | $PSX | Phillips 66 | Energy | $49K | 0.0% | 190 | New | |||
| 89 | $UNP | UNION PACIFIC CORP | Industrials | $27K | 0.0% | 100 | — | |||
| 90 | $WMT | Walmart Inc. | Consumer Staples | $23K | 0.0% | 224 | — | |||
| 91 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $22K | 0.0% | 100 | — | |||
| 92 | $LLY | ELI LILLY & Co | Healthcare | $15K | 0.0% | 13 | — | |||
| 93 | $CAT | CATERPILLAR INC | Industrials | $15K | 0.0% | 19 | — | |||
| 94 | $BNS | BANK OF NOVA SCOTIA | Financials | $11K | 0.0% | 125 | — |
What changed in Q3 2026
Against the previous quarter's 13F: 4 new, 13 added to, 16 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (13)
now $5.7M · held 11+ qtrs, 2 adds in a row
now $4.1M · held 11+ qtrs, 3 adds in a row
now $4.8M · held 11+ qtrs, 2 adds in a row
$LYBLyondellBasell Industries N.V.+1%
now $2.4M · held 11+ qtrs
now $6.0M · held 11+ qtrs
$LMTLOCKHEED MARTIN CORP+0.5%
now $2.1M · held 11+ qtrs
+7 more in the Excel export
Trimmed (16)
$CVSCVS HEALTH Corp-23%
now $1.6M · held 11+ qtrs, 4 trims in a row
now $6.6M · held 11+ qtrs, 2 trims in a row
now $4.0M · held 11+ qtrs, 4 trims in a row
now $16.7M · held 11+ qtrs
now $4.8M · held 11+ qtrs
now $21.4M · held 11+ qtrs
+10 more in the Excel export
Holdings by quarter
Every 13F Lipe & Dalton has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow Lipe & Dalton?
Q3 2026 13F filed with the SEC on Oct 15, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Lipe & Dalton's top 20 holdings: 69/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-1.6%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 10% over the last 4
Top 10 weight
44%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
95%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Lipe & Dalton disclosed 94 positions worth $216.2M in its Form 13F-HR for Q3 2026, led by $AAPL (Apple Inc.) at 9.9% of the equity portfolio, followed by $GOOG and $GS. During the quarter the fund opened 4 new positions and exited 4 — including a new stake in $LDOS and a full exit from $JKHY. The portfolio is most concentrated in Technology (32.9% of disclosed assets). All figures are sourced directly from Lipe & Dalton’s Form 13F-HR filing with the SEC under CIK 1570396.
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