Stillwater Capital Reduces Big Tech Exposure While Adding Select Index Funds in Q3 2026

Stillwater Capital Advisors, Llc made notable adjustments to its investment strategy during the third quarter of 2026. The firm's total portfolio value stood at $957 million as of June 30th.

The most significant change involved a reduction in holdings across several major technology stocks this period:

• Apple Inc. (AAPL) saw its share count decrease by 1813, representing a -0.76% change.
• Broadcom Inc. (AVGO) experienced a reduction of 1733 shares (-0.99%).
• NVIDIA Corporation (NVDA) shed 2,217 shares (-0.73%).

In contrast to these reductions, Stillwater Capital demonstrated strong buying activity in several index funds and ETFs:

• The firm significantly increased its position in iShares Core S&P Small Cap Index Fund (IWF) by acquiring 140,760 additional shares.
• Vanguard's Total Stock Market Index Fund (VO) also saw a substantial increase of 11,814 shares.
• There were notable additions to Vanguard Information Technology ETF (VUG), OPKO Health Inc. (OPK), and iShares Core S&P Small Cap Growth Index Fund (IWS) - though the specific data for IWS wasn't provided.

Additionally, Stillwater Capital bolstered its exposure to tax-managed and sector-specific funds:

• The firm purchased shares of Vanguard Tax-Managed Value Index Fund (VEA).
• There was also buying activity in Vanguard Whitehall Total Stock Market Bond ETF (VYM).

The portfolio's sector allocation remains diversified, with Technology being the largest sector at 24.66%, followed by Healthcare and Industrials.