Robert Torray - Torray Fund 13F Activity & Position Changes (Q4 2025)

As of Dec 31, 2025, the Torray Fund portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Jan 28, 2026. 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 Q4 2025, the filing reported:

New Buys - Expedia Group, Inc., Intuit Inc., ONEOK, Inc., Schlumberger N.V., Syndax Pharmaceuticals, Inc., and 1 more

Increases - Blackstone Inc., CCC Intelligent Solutions Holdi, The Cooper Companies, Inc., Copart, Inc., Chevron Corporation, and 24 more

Reductions - Lonza Group, Apple Inc., AbbVie Inc., Adobe Inc., Arthur J. Gallagher & Co., and 34 more

Complete Exits - American Tower Corporation (REI, EOG Resources, Inc., Equinix, Inc., Eaton, Fiserv, Inc., and 6 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
Q4 2025	54338V101 Lonza Group	Lonza Group	Sell	-4,171	-4.3%	$6.24M	92,924
Q4 2025	AAPL Apple Inc.	Apple Inc.	Sell	-3,350	-6.3%	$13.61M	50,061
Q4 2025	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-8,945	-8.8%	$21.18M	92,687
Q4 2025	ADBE Adobe Inc.	Adobe Inc.	Sell	-1,482	-9.1%	$5.21M	14,892
Q4 2025	AJG Arthur J. Gallagher & Co.	Arthur J. Gallagher & Co.	Sell	-1,207	-4.9%	$6.00M	23,180
Q4 2025	AMGN Amgen Inc.	Amgen Inc.	Sell	-7,883	-10.9%	$21.16M	64,647
Q4 2025	AMT American Tower Corporation (REI	American Tower Corporation (REI	Sell - Position Exit	-1,221	-100.0%	$0.00	-
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-2,584	-3.4%	$16.72M	72,420
Q4 2025	APH Amphenol Corporation	Amphenol Corporation	Sell	-17,598	-21.5%	$8.66M	64,103
Q4 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-3,175	-3.4%	$31.54M	91,137
Q4 2025	AXP American Express Company	American Express Company	Sell	-33,375	-57.9%	$8.98M	24,275
Q4 2025	AXSM Axsome Therapeutics, Inc.	Axsome Therapeutics, Inc.	Sell	-2,625	-15.1%	$2.70M	14,794
Q4 2025	BE Bloom Energy Corporation	Bloom Energy Corporation	Sell	-5,845	-16.0%	$2.67M	30,786
Q4 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-21,740	-88.3%	$1.45M	2,884
Q4 2025	BWXT BWX Technologies, Inc.	BWX Technologies, Inc.	Sell	-2,994	-19.1%	$2.19M	12,659
Q4 2025	BX Blackstone Inc.	Blackstone Inc.	Buy	+2,487	+1.8%	$21.51M	139,547
Q4 2025	CASY Caseys General Stores, Inc.	Caseys General Stores, Inc.	Sell	-554	-3.1%	$9.57M	17,310
Q4 2025	CCCS CCC Intelligent Solutions Holdi	CCC Intelligent Solutions Holdi	Buy	+43,007	+25.6%	$1.68M	210,857
Q4 2025	CEG Constellation Energy Corporatio	Constellation Energy Corporatio	Sell	-291	-1.5%	$6.73M	19,049
Q4 2025	CNA CNA Financial Corporation	CNA Financial Corporation	Sell	-9,214	-1.8%	$23.56M	493,402
Q4 2025	CNSWF Constellation Software, Inc.	Constellation Software, Inc.	Sell	-151	-6.6%	$5.14M	2,136
Q4 2025	COO The Cooper Companies, Inc.	The Cooper Companies, Inc.	Buy	+8,506	+52.1%	$2.03M	24,822
Q4 2025	CPRT Copart, Inc.	Copart, Inc.	Buy	+17,495	+12.3%	$6.26M	159,824
Q4 2025	CVX Chevron Corporation	Chevron Corporation	Buy	+13,654	+10.4%	$22.02M	144,448
Q4 2025	DT Dynatrace, Inc.	Dynatrace, Inc.	Buy	+2,835	+5.0%	$2.58M	59,471
Q4 2025	ENB Enbridge Inc	Enbridge Inc	Sell	-800	-6.8%	$528.28K	11,045
Q4 2025	ENTG Entegris, Inc.	Entegris, Inc.	Buy	+637	+2.9%	$1.92M	22,784
Q4 2025	EOG EOG Resources, Inc.	EOG Resources, Inc.	Sell - Position Exit	-152,761	-100.0%	$0.00	-
Q4 2025	EQIX Equinix, Inc.	Equinix, Inc.	Sell - Position Exit	-21,019	-100.0%	$0.00	-
Q4 2025	ETN Eaton	Eaton	Sell - Position Exit	-29,150	-100.0%	$0.00	-

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