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

According to the SEC 13F filed on Jan 28, 2026, the Torray Fund portfolio showed several notable changes in holdings as of quarter-end Dec 31, 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 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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