Robert Torray's Q3 2026 Investment Activity: Focus on Technology and Healthcare

Robert Torray, the manager of the Torray Fund, has released his investment activity report for the quarter ending September 30, 2026. This filing provides valuable insights into his trading patterns and portfolio adjustments during this period.

Technology Sector Focus

Torray's portfolio demonstrates a strong emphasis on the Technology sector, which currently holds a substantial allocation of 27.43%. Within this sector, several notable changes occurred this quarter.

He initiated a new position in Nuvation Bio Inc Cl A (NUVB), a relatively small holding at 0.2% of the portfolio. This represents a significant 100% increase in shares from the previous period. Torray also added shares to Amphenol (APH), boosting its portfolio allocation to 1.25%, which saw an 89.25% increase in shares.

Furthermore, the investor significantly increased his stake in Texas Instruments (TXN), raising its allocation to 3.28% with a 34.74% jump in shares. The portfolio also saw a substantial increase in its holding of Accenture (ACN), which now accounts for 3.4% of its value, following a 16.23% share increase.

Healthcare Sector Activity

The Healthcare sector allocation stands at 21.19% in Torray's portfolio. This quarter, he made notable moves involving several key players in this sector.

He established a new position in Nuvation Bio Inc Cl A (NUVB) and also added significantly to his holdings of Verastem (VSTM). Conversely, Torray reduced his position in Royalty Pharma Plc (RPRX) by 6.24%, although it remains a significant holding at 4.35%.

Energy and Utilities Adjustments

In the Energy sector, Torray's allocation is 7.98%. A major change involved a significant reduction in his position of Chevron Corp (CVX), which decreased by 11.35% in shares. However, his stake in Phillips 66 (PSX) also saw a reduction of 9.32%.

Turning to Utilities, the portfolio allocation is 7.95%. Torray notably increased his position in NextEra Energy (NEE) by 26.06%, adding a substantial number of shares. This is highlighted as a new position in the changed_holdings list.

Financial Services Changes

The Financial Services sector allocation is 11.7%. Torray's activity here included a significant increase in Marsh (MMC) shares, raising its allocation to 1.05%. He also reduced his position in CNA Financial (CNA) by 10.37%.

No Activity in Other Disclosed Sectors

For sectors like Consumer Defensive, Communication Services, and Industrials, Torray's portfolio allocation remained unchanged according to the provided data. No purchases or sales were disclosed for these sectors in this filing.