Curbstone Financial Management Corp Q2 2026 Portfolio Activity: Strategic Shifts and Concentrations

As reported for Curbstone Financial Management Corp, the portfolio held a total value of $369,124,816 as of June 30th, 2026. This filing details observable changes in holdings during Q2 compared to prior periods.

The investor's actions this quarter reveal both strategic additions and concentrated increases within specific sectors:

• Healthcare: Curbstone added Cisco Systems (CSCO), increasing its position by 12.35%. It also boosted holdings in Johnson & Johnson (JNJ) and Colgate Palmolive (CL), raising their allocations by 21.38% and 30.29%, respectively.
• Technology: The most significant increase was in Apple Inc (AAPL), with a nearly 10% share growth and allocation rising to 3.26%. This was followed by substantial additions of Microsoft shares, increasing the position by over 37% in terms of percentage change.
• Consumer Cyclical: Starbucks Corp (SBUX) was added to the portfolio, with a significant increase in shares and allocation jumping from 0.17% to 0.32%, indicating strong interest.

In contrast, Curbstone also made notable adjustments elsewhere:

• Technology (continued): While increasing Apple significantly, the investor slightly reduced its position in Schwab US Broad Mkt ETF, which holds Microsoft.
• ETFs: The allocation to Schwab's Small Cap ETF (SCHA) decreased by 5.1%. There were also notable changes in other ETF holdings, including reductions in Schwab US Dividend Equity ETF (SCHD) and increases in Vanguard Mid Cap ETF (VO) and iShares 1-5 Yr Inv Grade Corp ETF (IGSB). The addition of iShares Preferred Income Sec E (PFF) also contributed to the overall shift.
• No Large Sells Disclosed: According to this filing, there were no significant sell-offs by Curbstone during Q2 2026.

The portfolio's sector allocation shows a continued emphasis on broad diversification across various industries:

• Schwab US Small Cap ETF (SCHA) remains the largest holding, representing 55.66% of the portfolio.
• The Technology sector allocation stands at 14.76%, primarily driven by positions in Apple and Microsoft.
• Overall Strategy: The quarter appears marked by targeted additions to specific large-cap stocks (like Cisco, Colgate Palmolive) alongside significant boosts to its core holdings like Apple and ETF diversification. There were no disclosed major sell activities during this period.