Ferguson Wellman Capital Q2 2026 Portfolio Activity: Strategic Shifts in Tech & Financial Services

As of June 30th, 2026, Ferguson Wellman Capital Management, a prominent investment firm, has documented its portfolio adjustments for the quarter. The fund's total value stands at $7.59 billion.

Major Purchases Observed in Q2 2026

Ferguson Wellman Capital demonstrated active buying during this period, notably increasing positions in several key sectors:

• Cummins Inc (CMI): The fund experienced a remarkable increase of 100% in shares held, adding 99511 shares. This significant purchase pushed its portfolio allocation to 0.87%, indicating strong confidence or strategic interest.
• SCHW (Schwab): The fund bolstered its position by acquiring additional shares of Schwab stock, resulting in a 72.53% increase in the holding's value during Q2.
• Freeport-McMoran Copper (FCX): A substantial purchase was noted, with FCX stock increasing by 113.97%. The fund added 497,349 shares to this position.
• Domino's Pizza (DPZ): A new investment was identified in the consumer cyclical space with DPZ, adding 82,195 shares and allocating approximately 0.3% of the portfolio.
• iShares Barclays MBS Fixed-Rate (MBB): The fund invested in this fixed-income ETF, acquiring an additional 82,276 shares during Q2.

Significant Sales Observed in Q2 2026

In contrast to its buying activities, Ferguson Wellman Capital also recorded substantial reductions or exits from certain positions:

• SCHW (Schwab): While noted as a significant buy overall, the specific ETF holding SCHW saw an 8.2% reduction in its portfolio allocation during Q2.
• State Street (STT): The fund reduced its position by nearly 19.92%, selling 201,223 shares and lowering the allocation to 1.67%.
• Uber Technologies Inc (UBER): The fund drastically cut its position in this tech stock by 98.84%, selling a large number of shares, reducing the allocation to just 0.01%.
• Nike (NKE): Another significant reduction occurred in NKE stock by 93.45%, lowering its portfolio allocation to a negligible 0.02%.
• Johnson & Johnson (JNJ): The fund sold almost all of its JNJ stock, reducing the holding by 99.83%, and leaving a very small allocation at 0.0%.
• Abbott Laboratories (ABT): A notable sale was observed in ABT stock, reducing the position by 77.25%, lowering its allocation to 0.04%.

Overall Portfolio Changes and Insights

The observed changes reflect a dynamic portfolio management strategy focused on capitalizing on specific opportunities while managing risk by exiting underperforming or less strategically aligned positions. The fund's holdings in State Street and Schwab, both within Financial Services, decreased during the quarter. On the other hand, its interest in industrial companies like Cummins (CMI) surged.

The data shows that Ferguson Wellman Capital is actively adjusting its portfolio composition throughout the year. The significant reduction in small-cap tech stocks such as Uber and Nike, coupled with the increase in large-cap industrial holdings like CMI, suggests a potential rotation towards more stable or cyclical sectors.

Ferguson Wellman Capital Portfolio Allocation Shifts

Based on available data, Ferguson Wellman's portfolio allocation saw shifts across various sectors during Q2:

• The fund increased its exposure to the Technology sector through purchases like CMI (though listed as Technology in this specific buy, it's primarily Industrial), FCX, and others.
• Its position within Financial Services experienced a net reduction due to the declines in STT and SCHW outpacing increases elsewhere.
• The Nvidia holding, while not showing share changes from prior data (as it appears twice), remains a significant allocation at 4.81%.

The fund's overall portfolio percentage breakdown indicates Technology as the largest sector allocation followed by Financial Services and Healthcare. However, detailed analysis of individual stock movements reveals specific adjustments within these broad categories.