Cohen Klingenstein Llc's Q2 2026 Portfolio Shifts: Focus on Tech ETFs & Growth Stocks

Based on available data from Cohen Klingenstein Llc's portfolio indicators, this analysis focuses solely on observable changes during the period ending June 30th, 2026.

The investor's core holdings in exchange-traded funds (ETFs) remained prominent. The Vanguard S&P 500 ETF (SPY) saw a slight decrease of -6290 shares (-0.57%) in value, while the Invesco QQQ Trust (QQQ) and iShares Russell 2000 Growth ETF (IWO) also experienced minor reductions (-6165 shares, -8269 shares respectively) but maintained their significant allocations of approximately 23.6%, 6.4%, and 5.5% of the total portfolio.

Significant buying activity was observed in several individual stocks this quarter:

• VUG: The Vanguard Growth ETF (VUG) experienced a massive increase of 75034 shares, representing an unprecedented +502.74% change in holdings.
• MDT: Medtronic PLC (MDT) was added to the portfolio with a 100.0% increase in shares, indicating strong interest.
• BKNG: Booking Holdings Inc (BKNG) saw an enormous +2400.0% change in shares, suggesting a very recent and substantial purchase.
• Other notable additions included SHEL, HON, EPI, CL, and CMCSA.

This buying interest appears diversified across sectors:

• VUG: An ETF tracking the broader Growth sector.
• MDT and HON: Both fall under the Technology sector.
• SHEL: Part of the Energy sector.
• BKNG and EPI: Representing Consumer Cyclical and other sectors respectively.
• CL and DD: In the Consumer Defensive and Basic Materials space.

Conversely, there were notable exits or reductions from certain positions:

• HON: Honeywell Intl (HON) was highlighted as a significant sell.
• DD: DuPont de Nemours (DD) also experienced substantial selling activity, with an approximate -66.7% change in shares over the period.
• The large Technology ETFs (SPY, QQQ) saw minor reductions (-0.57%, -2.0%), while IWO experienced a small decrease of -1.68%.

The portfolio's sector allocation also reflects these changes, with Technology being the dominant sector (holding approximately 530 million in value), followed by Communication Services and Healthcare. The Energy sector saw an increase from its previous level, while Basic Materials decreased slightly. Overall, Cohen Klingenstein Llc appears to be actively managing its portfolio through both ETF holdings and individual stock selections.