Provident Investment Management Portfolio Changes in Q2 2026

Provident Investment Management, Inc. has released portfolio data for the period ending June 30, 2026. This filing reveals notable shifts in stock holdings across various sectors during this quarter.

Major Purchases Observed

This period saw Provident significantly increase its positions in several companies. Notably, the investor purchased a large stake in DexCom Inc (DXCM), increasing shares by 381574%, which aligns with their significant holdings noted elsewhere.

Similarly, there was a substantial increase in Apple Inc. (AAPL), representing a nearly 3500% jump in shares during the quarter.

Jabil Circuit Inc. (JBL) also experienced a significant buy, with shares increasing by 100%, adding substantially to its portfolio allocation.

Furthermore, EOG Resources Inc. (EOG) saw its position grow by a full 100% in this quarter alone.

The investor also added to their stake in Netflix Com Inc Com (NFLX), increasing holdings by approximately 10.5%, and purchased a large position in Pennant Group Inc (PNTG) with shares bought outright.

Significant Sales Observed

In contrast, Provident also divested substantial portions of its portfolio during this quarter. The most significant sale was the exit from Schwab Charles Corp (SCHW), where shares decreased by an astonishing 89.09%, effectively removing a major position.

Another notable sale was the reduction in Booking Holdings Inc (BKNG), despite overall buying activity, with shares decreasing by 5.12% and value dropping significantly from prior quarters.

Additionally, there was a large reduction in Take-Two Interactive Software (TTWO), where the share count plummeted by 91.48%.

Sector Analysis

Provident's portfolio continues to be heavily concentrated in Technology, which accounts for approximately 37.61% of its total value as of June 30th.

The investor also maintains significant exposure in Communication Services and Healthcare sectors.

Purchases were noted across these top-performing sectors: DexCom (Healthcare), Apple (Technology), EOG (Energy), Jabil Circuit (Technology), Netflix (Communication Services) and Pennant Group (Healthcare).

Sales primarily occurred in Financial Services, with the exit from Schwab Charles Corp being a major example.

Overall Portfolio Changes

The investor's portfolio saw substantial turnover this quarter. The total number of holdings changed by 70 positions compared to the previous period.

This indicates an active management style focused on capitalizing on market movements and sector performance.