Brown, Lisle/Cummings, Inc. Investment Activity Analysis for Q1 2026
Brown, Lisle/Cummings, Inc. reported significant changes in its holdings during the quarter ending June 30, 2026, with notable purchases and sales impacting its portfolio allocation.
As of June 30, 2026, Brown, Lisle/Cummings, Inc. managed a portfolio valued at $436,106,639. The investor's activity during the quarter included substantial purchases and sales, reflecting strategic adjustments across various sectors.
Technology Sector
The Technology sector saw notable activity from Brown, Lisle/Cummings, Inc. during the quarter. The investor significantly reduced its position in Apple Inc. (AAPL), selling shares that resulted in a -0.22% change in its portfolio allocation. Similarly, the investor decreased its stake in Microsoft Corp. (MSFT) by 2.53% in terms of shares, though this was a slight reduction in portfolio weight. However, the investor significantly bolstered its Technology exposure through a major purchase of shares in Vanguard World Fund (VGT), adding shares that increased its portfolio allocation by 0.38%. This ETF investment represents a significant allocation shift.
Financial Services Sector
The Financial Services sector experienced mixed results for Brown, Lisle/Cummings, Inc. The investor notably increased its position in Ares Capital Corp. (ARCC) by acquiring a substantial number of shares, leading to a +21.03% increase in its portfolio allocation for this holding. The investor also purchased shares in SPDR Series Trust (BIL), adding shares that increased its portfolio allocation by 1.73%. Conversely, the investor sold shares in Intercontinental Exchange Inc. (ICE), reducing its portfolio allocation by 1.89%. Despite this sale, the investor maintained a significant position in JPMorgan Chase & Co. (JPM), which remained a top holding despite a small reduction in shares.
Healthcare Sector
In the Healthcare sector, Brown, Lisle/Cummings, Inc. demonstrated active management. The investor significantly increased its position in Pfizer Inc. (PFE) by acquiring shares, boosting its portfolio allocation by 0.4%. The investor also purchased shares in VEEVA Systems Inc. (VEEV), adding shares that increased its portfolio allocation by 0.29%. However, the investor sold a substantial portion of its holding in VEEVA Systems Inc. (VEEV), reducing its portfolio allocation by 0.29%. Additionally, the investor sold shares in Amgen Inc. (AMGN), decreasing its portfolio allocation by 1.96%. The sale of VEEV was particularly significant, representing a large sell.
Consumer Cyclical Sector
The Consumer Cyclical sector witnessed significant buying and selling activity. Brown, Lisle/Cummings, Inc. notably purchased shares in Ford Motor Co. (F), adding shares that increased its portfolio allocation by 0.12%. The investor also acquired a position in Nike Inc. (NKE), increasing its portfolio allocation by 0.19%. Furthermore, the investor bought shares in iShares TR (IWF), adding shares that increased its portfolio allocation by 0.45%. However, the investor sold shares in Amazon Inc. (AMZN), reducing its portfolio allocation by 2.99%. This sale was substantial, indicating a significant exit from this consumer stock.
Other Sectors and Activities
Activities were also noted in other sectors. The investor purchased shares in Tootsie Roll Industries Inc. (TR), adding shares that increased its portfolio allocation by 0.25%. In the Consumer Defensive sector, the investor bought shares in Kraft Heinz Co. (KHC), increasing its portfolio allocation by 0.15%. The investor also sold shares in Tootsie Roll Industries Inc. (TR), decreasing its portfolio allocation by 0.25%. For SPDR ETF Trust (SPAB), the investor purchased shares, adding to its allocation by 0.08%. The Communication Services sector saw a reduction in holdings for Alphabet Inc. (GOOGL) and Alphabet Inc. (GOOG), though the latter was a small reduction. The investor also sold shares in Ares Capital Corp. (ARCC), decreasing its allocation by 1.1%. The sale of VEEV was a major exit, while the purchase of IWF was a very large buy.
Overall, Brown, Lisle/Cummings, Inc. engaged in a dynamic set of transactions during the quarter, adjusting its portfolio across multiple sectors. The investor's actions included significant purchases of ETFs like VGT, BIL, and IWF, alongside substantial acquisitions in individual stocks such as NKE, F, and TR. Conversely, the investor sold significant portions of holdings in VEEV, AMZN, and exited positions in TR. These changes reflect the investor's active management strategy.