Raub Brock Capital Management Q2 2026 Portfolio Activity

As reported for Raub Brock Capital Management Lp (investor_slug: raub-brock-capital-management-lp) as of June 30, 2026, the investment firm's portfolio experienced several noteworthy transactions during Q2. The total portfolio value stood at $363,302,678.

Prominent Purchases in Technology and Industrials

Raub Brock demonstrated a significant focus on growth areas this quarter through notable new positions and substantial increases in existing holdings. The firm made its largest purchase of the period by acquiring 40,351 shares of Texas Instruments Inc (TXN), investing approximately $12 million. This move increased TXN's portfolio allocation to 3.31%. Similarly, Raub Brock significantly bolstered its position in Aphelian Corp (APH) by buying an additional 71,783 shares, effectively doubling the holding and adding about $12.6 million worth of stock at that time.

In addition to these large Technology sector buys, Raub Brock also invested substantially in other sectors during Q2. The firm purchased a new position in Casey's General Stores Inc (CASY), acquiring 14,630 shares valued at around $11.6 million. Furthermore, the investment trust significantly increased its stake in Vanguard CALIF Tax Free Funds (VTEC) by adding another 10,105 shares, investing approximately $1.0 million.

Strategic Reductions and Sector Shifts

The second quarter also saw Raub Brock reduce its exposure across several key sectors. The firm sold off a considerable portion of its holdings in the Healthcare sector, most notably AbbVie Inc (ABBV). Raub Brock disposed of 15,698 shares of ABBV, representing a nearly 20% reduction in the holding and decreasing its portfolio weight from 4.42% to approximately 3.3%. This was not an isolated incident within Healthcare; Eli Lilly & Co (LLY) also saw a decrease of 1,689 shares (down by about 13%) in the same period.

In the Technology sector beyond the new position, Raub Brock reduced its stake in Automatic Data Processing Inc (ADP). The firm sold off almost all remaining ADP stock, reducing the holding by 97%. Similarly, Visa Inc (V) experienced a drastic reduction of 34,313 shares, lowering its portfolio allocation significantly.

Mixed Activity in Consumer and Industrials

Raub Brock's Q2 activity also included mixed signals within other sectors. In the Consumer Cyclical space, the firm disposed of a portion of its holdings in TJX Cos Inc (TJX), selling 25,132 shares which reduced its portfolio allocation by about 40%. However, the firm simultaneously increased its stake in Casey's General Stores Inc (CASY) during Q2.

The Industrials sector saw both reductions and increases. Carrier Global Corporation (CARR), already a significant holding at over 3% of the portfolio, experienced an 18% reduction in shares sold by Raub Brock. Conversely, Parker-Hannifin Corp (PH) also had its stake decreased during Q2.

Conservative Tendencies and ETF Holdings

Raub Brock's strategy appears to include a degree of conservatism or rebalancing, as evidenced by the sale of substantial portions of certain holdings. The firm sold 31,187 shares (a 36% reduction) of SPDR Series Trust ETFs (BIL), which previously held an allocation of about 1.43%. This suggests a potential shift away from broad market ETF exposure.

The Technology sector remains a significant part of Raub Brock's portfolio, holding approximately 28% ($96 million) of the total value as of June 30th. However, this allocation is slightly lower than what was reported in Q1 due to the large reduction in ADP and Visa holdings.

Overall Portfolio Dynamics

The portfolio summary indicates a dynamic approach by Raub Brock Capital Management Lp (investor_slug: raub-brock-capital-management-lp) to investing, with 45 holdings spread across various sectors. The Technology sector allocation increased slightly from Q1's 23.7% to approximately 28%, while Healthcare decreased significantly from around 12% down to about 9%. Financial Services and Consumer Cyclical allocations remained relatively stable at just under 4%. Basic Materials, Communication Services, Energy, and Unknown sectors combined for less than half of the portfolio's value.