Violich Capital Management Q2 2026 Portfolio Activity: Strategic Shifts in Key Tech Stocks

According to filings from Violich Capital Management, Inc., this quarter saw notable changes in their portfolio holdings. The data reveals specific instances of buying and selling activities across various sectors, providing insight into the investment strategy during Q2 2026.

Purchases This Quarter

Significant Buys: Violich Capital Management demonstrated substantial purchasing activity in several key areas. Notably, they increased their stake in PureCycle Technologies Inc., acquiring 5000 shares which represented a significant addition to the portfolio given its small allocation of just 0.05%. This suggests confidence in this emerging company within the Industrials sector.

Additionally, there were notable purchases reported for other companies:

• Schwab Investment Trust
• Applied Materials Inc.
• Veeva Systems Inc.
• Visa Inc (though the sale of Visa is noted separately below, this highlights potential activity)

Their significant buying actions were also observed in other sectors:

• Amgen Inc.
• Adobe Inc (though the sale of Adobe is noted separately below)

Sales and Reductions This Quarter

The investment firm also showed active selling or reduction in positions for several holdings:

• Accenture Plc Ireland Cl A experienced a significant sell-off, with Violich reducing their stake by 16831 shares (-51.98%). This was one of the largest selling moves in terms of percentage change.
• Nike Inc Cl B saw a substantial reduction, with Violich decreasing their position by 38800 shares (-60.43%). This was another major selling activity.
• Mastercard Inc Cl A allocation dropped significantly due to an 8288-share reduction (-81.35%), highlighting a clear exit from this stock.
• Altaba Inc, formerly Apollo Global Management LP, was sold off by Violich, indicating an end to that position.
• Other notable exits or reductions included:
• Danaher Corp
• Lam Research Corp (though there was a small increase in shares for LRCX, the overall change is negative)
• Visa Inc Cl A

Mixed Activity and Portfolio Insights

While some holdings saw increases, others decreased:

• Amazon Inc experienced a modest increase in shares (8027%) but also showed positive growth percentage (+9.36%). This suggests renewed interest or confidence.
• BHP Billiton Ltd Spon Ads allocation increased slightly despite a negative share change (-407%), indicating the value appreciated enough to offset the reduced position size.
• iShares Silver Trust saw an increase in shares (512%) but a negative percentage change (-16.07%), showing profit-taking on this ETF.
• SPDR Gold Shares allocation increased slightly despite a negative share change (-42%) and percentage change (-12.26%), indicating the value appreciated enough to offset reduced position size.

No Disclosed Activity in Some Categories

The data provided does not indicate any changes for certain sectors or types of holdings:

• There is no disclosed activity related to Energy sector holdings by Violich Capital Management during this period.
• No purchases or sales were reported for ETFs specifically categorized under "Small Cap Value" funds, based on the available information.