13F HOLDINGS REPORT

Telos Capital Management, Inc.

Quarter ended Q4 2024 · Filed January 27, 2025 · Accession 0001567889-25-000001

Total Value

$937.6M

Positions

197

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (197)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	APPLE INC	AAPL	227,672	$57.0M	6.08%
2	VANGUARD INDEX FDS	922908769	126,328	$36.6M	3.90%
3	QUALCOMM INC	QCOM	214,771	$33.0M	3.52%
4	HOME DEPOT INC	HD	56,797	$22.1M	2.36%
5	ALPHABET INC	GOOG	111,285	$21.1M	2.25%
6	AMAZON COM INC	AMZN	92,224	$20.2M	2.16%
7	VISA INC	V	62,143	$19.6M	2.09%
8	PEPSICO INC	PEP	126,906	$19.3M	2.06%
9	PROCTER AND GAMBLE CO	742718109	111,263	$18.7M	1.99%
10	MORGAN STANLEY	MS-PQ	145,251	$18.3M	1.95%
11	VANGUARD INTL EQUITY INDEX F	922042775	312,352	$17.9M	1.91%
12	JPMORGAN CHASE & CO.	VYLD	64,830	$15.5M	1.66%
13	VANGUARD TAX-MANAGED FDS	921943858	309,193	$14.8M	1.58%
14	CHEVRON CORP NEW	CVX	99,546	$14.4M	1.54%
15	NORTHROP GRUMMAN CORP	NOC	29,766	$14.0M	1.49%
16	MICROSOFT CORP	MSFT	31,192	$13.1M	1.40%
17	MASTERCARD INCORPORATED	MA	24,430	$12.9M	1.37%
18	TRAVELERS COMPANIES INC	TRV	51,954	$12.5M	1.33%
19	BERKSHIRE HATHAWAY INC DEL	BRK-A	26,629	$12.1M	1.29%
20	UNITED PARCEL SERVICE INC	UPS	93,971	$11.8M	1.26%
21	JACOBS SOLUTIONS INC	J	88,068	$11.8M	1.26%
22	ALPHABET INC	GOOG	59,030	$11.2M	1.20%
23	NXP SEMICONDUCTORS N V	NXPI	53,723	$11.2M	1.19%
24	INVESCO QQQ TR	IVZ	21,593	$11.0M	1.18%
25	PRICE T ROWE GROUP INC	TROW	94,677	$10.7M	1.14%
26	ISHARES TR	464287200	17,924	$10.6M	1.13%
27	PALO ALTO NETWORKS INC	PANW	56,920	$10.4M	1.10%
28	DANAHER CORPORATION	235851102	45,031	$10.3M	1.10%
29	ISHARES TR	464287507	161,266	$10.0M	1.07%
30	COSTCO WHSL CORP NEW	22160K105	10,480	$9.6M	1.02%
31	HONEYWELL INTL INC	438516106	38,774	$8.8M	0.93%
32	ORACLE CORP	ORCL-PD	50,186	$8.4M	0.89%
33	DISNEY WALT CO	254687106	72,643	$8.1M	0.86%
34	AIR PRODS & CHEMS INC	AIIR	27,333	$7.9M	0.85%
35	JOHNSON & JOHNSON	JNJ	54,296	$7.9M	0.84%
36	WILLIAMS SONOMA INC	WSM	42,355	$7.8M	0.84%
37	CISCO SYS INC	CSCO	130,556	$7.7M	0.82%
38	IQVIA HLDGS INC	IQV	38,833	$7.6M	0.81%
39	VANGUARD SCOTTSDALE FDS	92206C409	96,553	$7.5M	0.80%
40	PAYPAL HLDGS INC	PYPL	87,320	$7.5M	0.79%
41	EOG RES INC	EOG	60,434	$7.4M	0.79%
42	CARRIER GLOBAL CORPORATION	CARR	108,236	$7.4M	0.79%
43	UNITEDHEALTH GROUP INC	UNH	14,309	$7.2M	0.77%
44	VERTEX PHARMACEUTICALS INC	VRTX	17,627	$7.1M	0.76%
45	REPUBLIC SVCS INC	760759100	35,231	$7.1M	0.76%
46	ASML HOLDING N V	ASMLF	10,144	$7.0M	0.75%
47	CBRE GROUP INC	CBRE	53,323	$7.0M	0.75%
48	PNC FINL SVCS GROUP INC	693475105	36,124	$7.0M	0.74%
49	ZOETIS INC	ZTS	42,706	$7.0M	0.74%
50	RESMED INC	RSMDF	30,299	$6.9M	0.74%
51	GOLDMAN SACHS GROUP INC	GSCE	11,846	$6.8M	0.72%
52	AMGEN INC	AMGN	25,997	$6.8M	0.72%
53	LOCKHEED MARTIN CORP	LMT	13,669	$6.6M	0.71%
54	RTX CORPORATION	RTX	56,827	$6.6M	0.70%
55	MCDONALDS CORP	MCD	22,588	$6.5M	0.70%
56	META PLATFORMS INC	META	11,092	$6.5M	0.69%
57	NEXTERA ENERGY INC	NEE-PW	89,247	$6.4M	0.68%
58	BRISTOL-MYERS SQUIBB CO	CELG-RI	110,412	$6.2M	0.67%
59	ROCKWELL AUTOMATION INC	ROK	21,357	$6.1M	0.65%
60	ENBRIDGE INC	ENNPF	141,663	$6.0M	0.64%
61	SERVICENOW INC	NOW	5,560	$5.9M	0.63%
62	ISHARES TR	464287804	50,800	$5.9M	0.62%
63	PHILLIPS 66	PSX	51,111	$5.8M	0.62%
64	VANGUARD SCOTTSDALE FDS	92206C870	71,616	$5.7M	0.61%
65	AMERICAN ELEC PWR CO INC	025537101	61,398	$5.7M	0.60%
66	AMENTUM HOLDINGS INC	AMTM	267,036	$5.6M	0.60%
67	SOUTHERN CO	SOMN	68,055	$5.6M	0.60%
68	WALMART INC	WMT	61,867	$5.6M	0.60%
69	FEDEX CORP	FDX	19,768	$5.6M	0.59%
70	MEDTRONIC PLC	MDT	68,081	$5.4M	0.58%
71	REALTY INCOME CORP	O	98,840	$5.3M	0.56%
72	VANGUARD WHITEHALL FDS	921946406	41,022	$5.2M	0.56%
73	WISDOMTREE TR	WT	82,669	$5.2M	0.56%
74	ISHARES TR	46432F842	72,756	$5.1M	0.55%
75	NVIDIA CORPORATION	NVDA	37,974	$5.1M	0.54%
76	GENUINE PARTS CO	GPC	40,182	$4.7M	0.50%
77	WASTE MGMT INC DEL	94106L109	20,909	$4.2M	0.45%
78	ABBVIE INC	ABBV	22,951	$4.1M	0.43%
79	NIKE INC	NKE	51,483	$3.9M	0.42%
80	EDWARDS LIFESCIENCES CORP	EW	51,594	$3.8M	0.41%
81	ADOBE INC	ADBE	8,442	$3.8M	0.40%
82	AMERICAN CENTY ETF TR	025072877	37,698	$3.6M	0.39%
83	ABBOTT LABS	ABLZF	30,645	$3.5M	0.37%
84	AMERICAN CENTY ETF TR	025072802	50,010	$3.3M	0.35%
85	ISHARES TR	464287408	16,047	$3.1M	0.33%
86	INVESCO EXCHANGE TRADED FD T	IVZ	17,425	$3.1M	0.33%
87	ISHARES TR	464288877	57,626	$3.0M	0.32%
88	ACCENTURE PLC IRELAND	ACN	7,664	$2.7M	0.29%
89	NOVARTIS AG	NVSEF	27,686	$2.7M	0.29%
90	VANGUARD INDEX FDS	922908652	13,965	$2.7M	0.28%
91	SPDR SER TR	78464A870	27,816	$2.5M	0.27%
92	EXXON MOBIL CORP	XOM	20,714	$2.2M	0.24%
93	ISHARES TR	464287473	17,143	$2.2M	0.24%
94	TESLA INC	TSLA	5,065	$2.0M	0.22%
95	VANGUARD INDEX FDS	922908611	10,250	$2.0M	0.22%
96	UNION PAC CORP	UNP	8,491	$1.9M	0.21%
97	NETFLIX INC	NFLX	1,769	$1.6M	0.17%
98	MID-AMER APT CMNTYS INC	59522J103	10,082	$1.6M	0.17%
99	ELI LILLY & CO	LLY	1,987	$1.5M	0.16%
100	UDR INC	UDR	34,831	$1.5M	0.16%
101	AFLAC INC	AFL	14,472	$1.5M	0.16%
102	MERCK & CO INC	MRK	14,849	$1.5M	0.16%
103	CAMDEN PPTY TR	133131102	12,655	$1.5M	0.16%
104	ISHARES TR	464287556	10,999	$1.5M	0.16%
105	ALEXANDRIA REAL ESTATE EQ IN	015271109	14,819	$1.4M	0.15%
106	DIGITAL RLTY TR INC	253868103	7,933	$1.4M	0.15%
107	INTERNATIONAL BUSINESS MACHS	INTR	6,280	$1.4M	0.15%
108	SPDR SER TR	78464A805	19,272	$1.4M	0.15%
109	VANGUARD INDEX FDS	922908553	13,972	$1.2M	0.13%
110	SPDR GOLD TR	GLD	4,788	$1.2M	0.12%
111	CATERPILLAR INC	CAT	3,171	$1.2M	0.12%
112	DEERE & CO	DE	2,645	$1.1M	0.12%
113	SPDR S&P 500 ETF TR	SPY	1,869	$1.1M	0.12%
114	ISHARES TR	464288687	33,022	$1.0M	0.11%
115	ISHARES TR	464287523	4,805	$1.0M	0.11%
116	ISHARES TR	464288513	13,085	$1.0M	0.11%
117	COCA COLA CO	KO	16,168	$1.0M	0.11%
118	EMERSON ELEC CO	EMR	7,953	$985,616	0.11%
119	ARISTA NETWORKS INC	ANET	8,807	$973,438	0.10%
120	PROLOGIS INC.	PLDGP	9,094	$961,199	0.10%
121	WELLS FARGO CO NEW	949746101	13,536	$950,769	0.10%
122	SELECT SECTOR SPDR TR	81369Y886	12,554	$950,243	0.10%
123	BROADCOM INC	AVGO	4,041	$936,866	0.10%
124	SPDR SER TR	78464A359	10,929	$851,285	0.09%
125	VANGUARD SPECIALIZED FUNDS	921908844	4,206	$823,697	0.09%
126	GE AEROSPACE	369604301	4,696	$783,246	0.08%
127	ISHARES TR	464287614	1,855	$744,931	0.08%
128	MICROCHIP TECHNOLOGY INC.	MCHPP	12,550	$719,743	0.08%
129	ISHARES INC	46434G764	12,698	$704,105	0.08%
130	SL GREEN RLTY CORP	78440X887	10,200	$692,788	0.07%
131	KIMCO RLTY CORP	49446R109	29,298	$686,448	0.07%
132	SYSCO CORP	SYY	8,750	$669,007	0.07%
133	VANGUARD WORLD FD	92204A702	1,075	$668,435	0.07%
134	SELECT SECTOR SPDR TR	81369Y506	7,684	$658,219	0.07%
135	AMERICAN CENTY ETF TR	025072604	10,960	$644,339	0.07%
136	PFIZER INC	PFE	23,292	$617,937	0.07%
137	CROWDSTRIKE HLDGS INC	CRWD	1,800	$615,888	0.07%
138	SALESFORCE INC	CRM	1,788	$597,737	0.06%
139	KIMBERLY-CLARK CORP	KMB	4,515	$591,646	0.06%
140	SCHWAB CHARLES CORP	SCHW-PJ	7,764	$574,610	0.06%
141	STARBUCKS CORP	SBUX	6,285	$573,500	0.06%
142	COLUMBIA ETF TR II	19762B202	18,576	$549,850	0.06%
143	SCHWAB STRATEGIC TR	808524102	21,963	$498,550	0.05%
144	ISHARES INC	464286772	9,514	$484,169	0.05%
145	D R HORTON INC	23331A109	3,387	$473,519	0.05%
146	LINCOLN ELEC HLDGS INC	533900106	2,491	$467,024	0.05%
147	XYLEM INC	XYL	4,008	$464,963	0.05%
148	PHILIP MORRIS INTL INC	718172109	3,773	$454,081	0.05%
149	ILLUMINA INC	ILMN	3,281	$438,442	0.05%
150	LAM RESEARCH CORP	LRCX	6,070	$438,437	0.05%
151	CONSTELLATION ENERGY CORP	CEG	1,915	$428,405	0.05%
152	GRAINGER W W INC	384802104	400	$421,620	0.04%
153	TARGET CORP	TGT	3,070	$415,003	0.04%
154	VERIZON COMMUNICATIONS INC	VZ	10,209	$408,271	0.04%
155	ISHARES TR	464287465	5,354	$404,797	0.04%
156	APPLIED MATLS INC	038222105	2,488	$404,632	0.04%
157	AUTOMATIC DATA PROCESSING IN	ADP	1,352	$395,771	0.04%
158	KLA CORP	KLAC	610	$384,374	0.04%
159	VANECK ETF TRUST	92189F692	4,451	$384,033	0.04%
160	INTUIT	INTU	600	$377,100	0.04%
161	REGENCY CTRS CORP	758849103	5,023	$371,318	0.04%
162	VANGUARD INTL EQUITY INDEX F	922042858	8,368	$368,548	0.04%
163	ISHARES TR	464287622	1,060	$341,639	0.04%
164	LENNAR CORP	LEN-B	2,413	$328,999	0.04%
165	VANGUARD INDEX FDS	922908363	597	$321,670	0.03%
166	CAMPING WORLD HLDGS INC	CWH	15,000	$316,200	0.03%
167	GE VERNOVA INC	GEV	961	$316,102	0.03%
168	3M CO	MMM	2,398	$309,591	0.03%
169	L3HARRIS TECHNOLOGIES INC	LHX	1,460	$307,009	0.03%
170	PALANTIR TECHNOLOGIES INC	PLTR	4,000	$302,520	0.03%
171	MARRIOTT INTL INC NEW	571903202	1,082	$301,814	0.03%
172	SEMPRA	SREA	3,382	$296,670	0.03%
173	HUBBELL INC	HUBB	699	$292,805	0.03%
174	AGILENT TECHNOLOGIES INC	A	2,131	$286,258	0.03%
175	BRANDYWINE RLTY TR	105368203	49,664	$278,116	0.03%
176	OTIS WORLDWIDE CORP	OTIS	2,932	$271,495	0.03%
177	WEYERHAEUSER CO MTN BE	WY	9,634	$271,212	0.03%
178	MONDELEZ INTL INC	609207105	4,516	$269,741	0.03%
179	COMCAST CORP NEW	CCZ	7,129	$267,552	0.03%
180	AMERICAN HOMES 4 RENT	AMH-PG	6,722	$251,546	0.03%
181	ALEXANDER & BALDWIN INC NEW	014491104	13,748	$243,894	0.03%
182	CONAGRA BRANDS INC	CAG	8,519	$236,392	0.03%
183	VANGUARD INDEX FDS	922908629	856	$226,096	0.02%
184	VERALTO CORP	VLTO	2,200	$224,070	0.02%
185	BOEING CO	BA-PA	1,259	$222,843	0.02%
186	DOCUSIGN INC	DOCU	2,455	$220,803	0.02%
187	VANGUARD INDEX FDS	922908744	1,287	$217,888	0.02%
188	SIMULATIONS PLUS INC	SLP	7,724	$215,423	0.02%
189	SPDR INDEX SHS FDS	78463X889	6,300	$215,036	0.02%
190	REGENERON PHARMACEUTICALS	REGN	301	$214,412	0.02%
191	EXELON CORP	EXC	5,687	$214,059	0.02%
192	BLACKROCK INC	BLK	208	$213,223	0.02%
193	FIRST INTST BANCSYSTEM INC	32055Y201	6,563	$213,101	0.02%
194	LAMB WESTON HLDGS INC	LW	3,144	$210,127	0.02%
195	ISHARES GOLD TR	IAU	4,091	$202,546	0.02%
196	NIO INC	NIOIF	13,548	$59,070	0.01%
197	OPORTUN FINL CORP	68376D104	13,343	$51,771	0.01%