Robert Torray - Torray Fund 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Oct 22, 2025, the Torray Fund portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2025, the filing reported:

New Buys - Equinix, Inc., Evolv Technologies Holdings, In, Fabrinet, Huron Consulting Group Inc., NextEra Energy, Inc., and 4 more

Increases - AbbVie Inc., Arthur J. Gallagher & Co., Amgen Inc., Axsome Therapeutics, Inc., BWX Technologies, Inc., and 31 more

Reductions - Lonza Group, Apple Inc., Adobe Inc., Applied Materials, Inc., American Tower Corporation (REI, and 32 more

Complete Exits - ANSYS, Inc., Blueprint Medicines Corporation, CyberArk, Digital Realty Trust, Inc., General Dynamics Corporation, and 5 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2025	54338V101 Lonza Group	Lonza Group	Sell	-3,437	-3.4%	$6.47M	97,095
Q3 2025	AAPL Apple Inc.	Apple Inc.	Sell	-2,171	-3.9%	$13.60M	53,411
Q3 2025	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+6,590	+6.9%	$23.53M	101,632
Q3 2025	ADBE Adobe Inc.	Adobe Inc.	Sell	-296	-1.8%	$5.78M	16,374
Q3 2025	AJG Arthur J. Gallagher & Co.	Arthur J. Gallagher & Co.	Buy	+5,325	+27.9%	$7.55M	24,387
Q3 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-30,420	-96.2%	$245.69K	1,200
Q3 2025	AMGN Amgen Inc.	Amgen Inc.	Buy	+2,672	+3.8%	$20.47M	72,530
Q3 2025	AMT American Tower Corporation (REI	American Tower Corporation (REI	Sell	-1,684	-58.0%	$234.82K	1,221
Q3 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-2,959	-3.8%	$16.47M	75,004
Q3 2025	ANSS ANSYS, Inc.	ANSYS, Inc.	Sell - Position Exit	-7,222	-100.0%	$0.00	-
Q3 2025	APH Amphenol Corporation	Amphenol Corporation	Sell	-14,644	-15.2%	$10.11M	81,701
Q3 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-54,371	-36.6%	$31.11M	94,312
Q3 2025	AXSM Axsome Therapeutics, Inc.	Axsome Therapeutics, Inc.	Buy	+354	+2.1%	$2.12M	17,419
Q3 2025	BE Bloom Energy Corporation	Bloom Energy Corporation	Sell	-32,689	-47.2%	$3.10M	36,631
Q3 2025	BPMC Blueprint Medicines Corporation	Blueprint Medicines Corporation	Sell - Position Exit	-16,615	-100.0%	$0.00	-
Q3 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-12,650	-33.9%	$12.38M	24,624
Q3 2025	BWXT BWX Technologies, Inc.	BWX Technologies, Inc.	Buy	+547	+3.6%	$2.89M	15,653
Q3 2025	BX Blackstone Inc.	Blackstone Inc.	Buy	+3,413	+2.6%	$23.42M	137,060
Q3 2025	CASY Caseys General Stores, Inc.	Caseys General Stores, Inc.	Sell	-613	-3.3%	$10.10M	17,864
Q3 2025	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Buy	+26,014	+18.3%	$1.53M	167,850
Q3 2025	CEG Constellation Energy Corporatio	Constellation Energy Corporatio	Sell	-798	-4.0%	$6.36M	19,340
Q3 2025	CNA CNA Financial Corporation	CNA Financial Corporation	Buy	+79,698	+18.8%	$23.35M	502,616
Q3 2025	CNSWF Constellation Software, Inc.	Constellation Software, Inc.	Sell	-113	-4.7%	$6.21M	2,287
Q3 2025	COO The Cooper Companies, Inc.	The Cooper Companies, Inc.	Buy	+651	+4.2%	$1.12M	16,316
Q3 2025	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-8	-1.3%	$581.30K	628
Q3 2025	CPRT Copart, Inc.	Copart, Inc.	Sell	-427	-0.3%	$6.40M	142,329
Q3 2025	CVX Chevron Corporation	Chevron Corporation	Buy	+4,349	+3.4%	$20.31M	130,794
Q3 2025	CYBR CyberArk	CyberArk	Sell - Position Exit	-600	-100.0%	$0.00	-
Q3 2025	DLR Digital Realty Trust, Inc.	Digital Realty Trust, Inc.	Sell - Position Exit	-24,082	-100.0%	$0.00	-
Q3 2025	DT Dynatrace, Inc.	Dynatrace, Inc.	Buy	+9,425	+20.0%	$2.74M	56,636

Page 1 of 4