13F HOLDINGS REPORT
Telos Capital Management, Inc.
Quarter ended Q4 2025 · Filed January 22, 2026 · Accession 0001567889-26-000001
Total Value
$1.07B
Positions
196
Other Managers
0
Confidential Omitted
No
Holdings (196)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | APPLE INC | AAPL | 225,706 | $61.4M | 5.72% |
| 2 | VANGUARD INDEX FDS | 922908769 | 124,363 | $41.7M | 3.89% |
| 3 | ALPHABET INC | GOOG | 105,355 | $33.0M | 3.07% |
| 4 | QUALCOMM INC | QCOM | 189,103 | $32.3M | 3.02% |
| 5 | VANGUARD INTL EQUITY INDEX F | 922042775 | 352,707 | $25.9M | 2.42% |
| 6 | MORGAN STANLEY | MS-PQ | 133,139 | $23.6M | 2.20% |
| 7 | AMAZON COM INC | AMZN | 94,822 | $21.9M | 2.04% |
| 8 | VISA INC | V | 60,872 | $21.3M | 1.99% |
| 9 | HOME DEPOT INC | HD | 61,714 | $21.2M | 1.98% |
| 10 | PEPSICO INC | PEP | 146,242 | $21.0M | 1.96% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 64,715 | $20.9M | 1.94% |
| 12 | VANGUARD TAX-MANAGED FDS | 921943858 | 315,989 | $19.7M | 1.84% |
| 13 | ALPHABET INC | GOOG | 57,531 | $18.1M | 1.68% |
| 14 | NORTHROP GRUMMAN CORP | NOC | 29,570 | $16.9M | 1.57% |
| 15 | CHEVRON CORP NEW | CVX | 108,026 | $16.5M | 1.54% |
| 16 | PROCTER AND GAMBLE CO | 742718109 | 113,294 | $16.2M | 1.51% |
| 17 | TRAVELERS COMPANIES INC | TRV | 51,643 | $15.0M | 1.40% |
| 18 | PALO ALTO NETWORKS INC | PANW | 79,640 | $14.7M | 1.37% |
| 19 | MICROSOFT CORP | MSFT | 29,947 | $14.5M | 1.35% |
| 20 | EOG RES INC | EOG | 136,802 | $14.4M | 1.34% |
| 21 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 27,881 | $14.0M | 1.31% |
| 22 | ISHARES TR | 464287200 | 19,932 | $13.7M | 1.27% |
| 23 | MASTERCARD INCORPORATED | MA | 23,736 | $13.6M | 1.26% |
| 24 | INVESCO QQQ TR | IVZ | 21,206 | $13.0M | 1.21% |
| 25 | ISHARES TR | 464287507 | 185,760 | $12.3M | 1.14% |
| 26 | AMERICAN CENTY ETF TR | 025072802 | 126,410 | $11.9M | 1.11% |
| 27 | COSTCO WHSL CORP NEW | 22160K105 | 13,338 | $11.5M | 1.07% |
| 28 | NXP SEMICONDUCTORS N V | NXPI | 51,114 | $11.1M | 1.03% |
| 29 | DANAHER CORPORATION | 235851102 | 47,642 | $10.9M | 1.02% |
| 30 | GOLDMAN SACHS GROUP INC | GSCE | 11,707 | $10.3M | 0.96% |
| 31 | VERTEX PHARMACEUTICALS INC | VRTX | 22,376 | $10.1M | 0.95% |
| 32 | JACOBS SOLUTIONS INC | J | 76,179 | $10.1M | 0.94% |
| 33 | IQVIA HLDGS INC | IQV | 44,216 | $10.0M | 0.93% |
| 34 | JOHNSON & JOHNSON | JNJ | 47,934 | $9.9M | 0.92% |
| 35 | CARRIER GLOBAL CORPORATION | CARR | 185,983 | $9.8M | 0.92% |
| 36 | ASML HOLDING N V | ASMLF | 9,158 | $9.8M | 0.91% |
| 37 | CISCO SYS INC | CSCO | 124,758 | $9.6M | 0.90% |
| 38 | RTX CORPORATION | RTX | 51,067 | $9.4M | 0.87% |
| 39 | TE CONNECTIVITY PLC | TEL | 40,249 | $9.2M | 0.85% |
| 40 | DISNEY WALT CO | 254687106 | 78,447 | $8.9M | 0.83% |
| 41 | AMGEN INC | AMGN | 26,990 | $8.8M | 0.82% |
| 42 | REPUBLIC SVCS INC | 760759100 | 41,439 | $8.8M | 0.82% |
| 43 | HONEYWELL INTL INC | 438516106 | 43,703 | $8.5M | 0.79% |
| 44 | VANGUARD SCOTTSDALE FDS | 92206C409 | 106,220 | $8.5M | 0.79% |
| 45 | ORACLE CORP | ORCL-PD | 43,136 | $8.4M | 0.78% |
| 46 | RESMED INC | RSMDF | 33,069 | $8.0M | 0.74% |
| 47 | SERVICENOW INC | NOW | 50,940 | $7.8M | 0.73% |
| 48 | ROCKWELL AUTOMATION INC | ROK | 20,005 | $7.8M | 0.73% |
| 49 | CBRE GROUP INC | CBRE | 48,279 | $7.8M | 0.72% |
| 50 | PNC FINL SVCS GROUP INC | 693475105 | 36,204 | $7.6M | 0.70% |
| 51 | PHILLIPS 66 | PSX | 57,803 | $7.5M | 0.70% |
| 52 | META PLATFORMS INC | META | 11,231 | $7.4M | 0.69% |
| 53 | NVIDIA CORPORATION | NVDA | 38,355 | $7.2M | 0.67% |
| 54 | WILLIAMS SONOMA INC | WSM | 40,030 | $7.1M | 0.67% |
| 55 | NEXTERA ENERGY INC | NEE-PW | 88,805 | $7.1M | 0.66% |
| 56 | AMERICAN ELEC PWR CO INC | 025537101 | 60,807 | $7.0M | 0.65% |
| 57 | ENBRIDGE INC | ENNPF | 144,647 | $6.9M | 0.65% |
| 58 | ISHARES TR | 464287804 | 57,192 | $6.9M | 0.64% |
| 59 | LOCKHEED MARTIN CORP | LMT | 14,119 | $6.8M | 0.64% |
| 60 | EDWARDS LIFESCIENCES CORP | EW | 77,715 | $6.6M | 0.62% |
| 61 | PRICE T ROWE GROUP INC | TROW | 64,133 | $6.6M | 0.61% |
| 62 | VANGUARD SCOTTSDALE FDS | 92206C870 | 78,143 | $6.5M | 0.61% |
| 63 | MEDTRONIC PLC | MDT | 67,476 | $6.5M | 0.60% |
| 64 | WALMART INC | WMT | 57,624 | $6.4M | 0.60% |
| 65 | ISHARES TR | 46432F842 | 71,735 | $6.4M | 0.60% |
| 66 | MCDONALDS CORP | MCD | 20,966 | $6.4M | 0.60% |
| 67 | AIR PRODS & CHEMS INC | AIIR | 25,915 | $6.4M | 0.60% |
| 68 | VANGUARD WHITEHALL FDS | 921946406 | 44,110 | $6.3M | 0.59% |
| 69 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 116,022 | $6.3M | 0.58% |
| 70 | SOUTHERN CO | SOMN | 71,730 | $6.3M | 0.58% |
| 71 | PAYPAL HLDGS INC | PYPL | 100,818 | $5.9M | 0.55% |
| 72 | REALTY INCOME CORP | O | 103,708 | $5.8M | 0.55% |
| 73 | AMERICAN CENTY ETF TR | 025072604 | 74,335 | $5.7M | 0.53% |
| 74 | AMENTUM HOLDINGS INC | AMTM | 187,466 | $5.4M | 0.51% |
| 75 | GENUINE PARTS CO | GPC | 43,034 | $5.3M | 0.49% |
| 76 | AMERICAN CENTY ETF TR | 025072877 | 45,528 | $4.6M | 0.43% |
| 77 | NETFLIX INC | NFLX | 47,474 | $4.5M | 0.41% |
| 78 | ABBVIE INC | ABBV | 19,090 | $4.4M | 0.41% |
| 79 | ISHARES TR | 464288877 | 59,752 | $4.3M | 0.40% |
| 80 | WASTE MGMT INC DEL | 94106L109 | 18,874 | $4.1M | 0.39% |
| 81 | INVESCO EXCHANGE TRADED FD T | IVZ | 20,702 | $4.0M | 0.37% |
| 82 | ISHARES TR | 464287408 | 18,614 | $3.9M | 0.37% |
| 83 | VANECK ETF TRUST | 92189F676 | 10,834 | $3.9M | 0.36% |
| 84 | ABBOTT LABS | ABLZF | 29,868 | $3.7M | 0.35% |
| 85 | NOVARTIS AG | NVSEF | 26,293 | $3.6M | 0.34% |
| 86 | SELECT SECTOR SPDR TR | 81369Y605 | 61,600 | $3.4M | 0.31% |
| 87 | SPDR S&P 500 ETF TR | SPY | 4,297 | $2.9M | 0.27% |
| 88 | EXXON MOBIL CORP | XOM | 23,887 | $2.9M | 0.27% |
| 89 | VANGUARD INDEX FDS | 922908652 | 12,709 | $2.7M | 0.25% |
| 90 | TESLA INC | TSLA | 5,624 | $2.5M | 0.24% |
| 91 | ISHARES TR | 464287473 | 17,893 | $2.5M | 0.24% |
| 92 | ELI LILLY & CO | LLY | 2,331 | $2.5M | 0.23% |
| 93 | VANGUARD INDEX FDS | 922908611 | 11,343 | $2.4M | 0.22% |
| 94 | INTERNATIONAL BUSINESS MACHS | INTR | 8,100 | $2.4M | 0.22% |
| 95 | NIKE INC | NKE | 35,198 | $2.2M | 0.21% |
| 96 | MID-AMER APT CMNTYS INC | 59522J103 | 14,194 | $2.0M | 0.18% |
| 97 | PROLOGIS INC. | PLDGP | 15,421 | $2.0M | 0.18% |
| 98 | UNION PAC CORP | UNP | 8,350 | $1.9M | 0.18% |
| 99 | CAMDEN PPTY TR | 133131102 | 17,040 | $1.9M | 0.17% |
| 100 | AFLAC INC | AFL | 16,477 | $1.8M | 0.17% |
| 101 | UDR INC | UDR | 47,421 | $1.7M | 0.16% |
| 102 | CATERPILLAR INC | CAT | 2,980 | $1.7M | 0.16% |
| 103 | UNITED PARCEL SERVICE INC | UPS | 16,898 | $1.7M | 0.16% |
| 104 | ISHARES TR | 464287556 | 9,829 | $1.7M | 0.15% |
| 105 | MERCK & CO INC | MRK | 15,176 | $1.6M | 0.15% |
| 106 | DEERE & CO | DE | 3,333 | $1.6M | 0.14% |
| 107 | CROWDSTRIKE HLDGS INC | CRWD | 3,237 | $1.5M | 0.14% |
| 108 | VANGUARD WORLD FD | 92204A702 | 2,002 | $1.5M | 0.14% |
| 109 | SPDR SERIES TRUST | 78464A805 | 17,858 | $1.5M | 0.14% |
| 110 | ISHARES TR | 464287523 | 4,764 | $1.4M | 0.13% |
| 111 | BROADCOM INC | AVGO | 3,979 | $1.4M | 0.13% |
| 112 | DIGITAL RLTY TR INC | 253868103 | 8,677 | $1.3M | 0.13% |
| 113 | WELLS FARGO CO NEW | 949746101 | 14,056 | $1.3M | 0.12% |
| 114 | VANGUARD INDEX FDS | 922908553 | 14,398 | $1.3M | 0.12% |
| 115 | ARISTA NETWORKS INC | ANET | 8,863 | $1.2M | 0.11% |
| 116 | EMERSON ELEC CO | EMR | 8,650 | $1.1M | 0.11% |
| 117 | SELECT SECTOR SPDR TR | 81369Y886 | 25,140 | $1.1M | 0.10% |
| 118 | SPDR GOLD TR | GLD | 2,654 | $1.1M | 0.10% |
| 119 | ISHARES TR | 464288513 | 12,373 | $997,609 | 0.09% |
| 120 | ISHARES TR | 464288687 | 31,915 | $988,099 | 0.09% |
| 121 | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | 19,500 | $954,317 | 0.09% |
| 122 | SPDR SERIES TRUST | 78464A359 | 9,975 | $889,799 | 0.08% |
| 123 | LAM RESEARCH CORP | LRCX | 5,136 | $879,181 | 0.08% |
| 124 | ISHARES TR | 464287614 | 1,830 | $866,139 | 0.08% |
| 125 | GE AEROSPACE | 369604301 | 2,795 | $861,059 | 0.08% |
| 126 | SELECT SECTOR SPDR TR | 81369Y308 | 10,615 | $824,574 | 0.08% |
| 127 | COCA COLA CO | KO | 11,530 | $806,070 | 0.08% |
| 128 | COLUMBIA ETF TR II | 19762B202 | 20,905 | $801,916 | 0.07% |
| 129 | SELECT SECTOR SPDR TR | 81369Y506 | 17,766 | $794,318 | 0.07% |
| 130 | VANGUARD SPECIALIZED FUNDS | 921908844 | 3,585 | $787,857 | 0.07% |
| 131 | MICROCHIP TECHNOLOGY INC. | MCHPP | 12,336 | $786,050 | 0.07% |
| 132 | KLA CORP | KLAC | 614 | $746,060 | 0.07% |
| 133 | PALANTIR TECHNOLOGIES INC | PLTR | 4,196 | $745,839 | 0.07% |
| 134 | CONSTELLATION ENERGY CORP | CEG | 1,934 | $683,225 | 0.06% |
| 135 | VANGUARD INDEX FDS | 922908363 | 1,080 | $677,248 | 0.06% |
| 136 | ISHARES INC | 46434G764 | 9,259 | $672,945 | 0.06% |
| 137 | VERIZON COMMUNICATIONS INC | VZ | 16,410 | $668,365 | 0.06% |
| 138 | KIMCO RLTY CORP | 49446R109 | 32,208 | $652,852 | 0.06% |
| 139 | PFIZER INC | PFE | 25,988 | $647,111 | 0.06% |
| 140 | VANECK ETF TRUST | 92189F692 | 6,257 | $645,535 | 0.06% |
| 141 | KIMBERLY-CLARK CORP | KMB | 6,058 | $611,167 | 0.06% |
| 142 | SCHWAB STRATEGIC TR | 808524797 | 21,814 | $598,346 | 0.06% |
| 143 | SYSCO CORP | SYY | 7,100 | $523,199 | 0.05% |
| 144 | APPLIED MATLS INC | 038222105 | 2,029 | $521,433 | 0.05% |
| 145 | SL GREEN RLTY CORP | 78440X887 | 11,277 | $517,279 | 0.05% |
| 146 | XYLEM INC | XYL | 3,732 | $508,171 | 0.05% |
| 147 | PHILIP MORRIS INTL INC | 718172109 | 3,104 | $497,882 | 0.05% |
| 148 | ISHARES TR | 464287465 | 5,148 | $494,393 | 0.05% |
| 149 | STARBUCKS CORP | SBUX | 5,651 | $475,912 | 0.04% |
| 150 | SCHWAB CHARLES CORP | SCHW-PJ | 4,745 | $474,041 | 0.04% |
| 151 | D R HORTON INC | 23331A109 | 3,286 | $473,230 | 0.04% |
| 152 | MICRON TECHNOLOGY INC | MU | 1,554 | $443,528 | 0.04% |
| 153 | VANGUARD INDEX FDS | 922908744 | 2,194 | $419,054 | 0.04% |
| 154 | VANGUARD INTL EQUITY INDEX F | 922042858 | 7,750 | $416,666 | 0.04% |
| 155 | SALESFORCE INC | CRM | 1,530 | $405,298 | 0.04% |
| 156 | ILLUMINA INC | ILMN | 3,090 | $405,286 | 0.04% |
| 157 | AT&T INC | T-PC | 16,278 | $404,343 | 0.04% |
| 158 | WW GRAINGER INC | 384802104 | 400 | $403,620 | 0.04% |
| 159 | L3HARRIS TECHNOLOGIES INC | LHX | 1,372 | $402,779 | 0.04% |
| 160 | REGENERON PHARMACEUTICALS | REGN | 485 | $374,357 | 0.03% |
| 161 | REGENCY CTRS CORP | 758849103 | 5,378 | $371,213 | 0.03% |
| 162 | INTUIT | INTU | 560 | $370,956 | 0.03% |
| 163 | BOEING CO | BA-PA | 1,532 | $332,677 | 0.03% |
| 164 | LINCOLN ELEC HLDGS INC | 533900106 | 1,330 | $318,722 | 0.03% |
| 165 | BLACKROCK INC | BLK | 295 | $315,751 | 0.03% |
| 166 | COMCAST CORP NEW | CCZ | 10,474 | $313,078 | 0.03% |
| 167 | SELECT SECTOR SPDR TR | 81369Y803 | 2,167 | $311,958 | 0.03% |
| 168 | HUBBELL INC | HUBB | 699 | $310,433 | 0.03% |
| 169 | ISHARES GOLD TR | IAU | 3,700 | $300,329 | 0.03% |
| 170 | SCHWAB STRATEGIC TR | 808524300 | 8,747 | $285,318 | 0.03% |
| 171 | AGILENT TECHNOLOGIES INC | A | 2,053 | $279,330 | 0.03% |
| 172 | ALEXANDER & BALDWIN INC NEW | 014491104 | 13,259 | $273,658 | 0.03% |
| 173 | ADVANCED MICRO DEVICES INC | AMD | 1,270 | $271,984 | 0.03% |
| 174 | 3M CO | MMM | 1,692 | $270,850 | 0.03% |
| 175 | SCHWAB STRATEGIC TR | 808524102 | 10,234 | $268,444 | 0.03% |
| 176 | MARRIOTT INTL INC NEW | 571903202 | 843 | $261,533 | 0.02% |
| 177 | ECOLAB INC | ECL | 989 | $259,559 | 0.02% |
| 178 | AUTOMATIC DATA PROCESSING IN | ADP | 994 | $255,687 | 0.02% |
| 179 | SPDR INDEX SHS FDS | 78463X889 | 5,673 | $251,959 | 0.02% |
| 180 | SELECT SECTOR SPDR TR | 81369Y704 | 1,618 | $250,985 | 0.02% |
| 181 | EXELON CORP | EXC | 5,687 | $247,897 | 0.02% |
| 182 | WISDOMTREE TR | WT | 3,015 | $244,246 | 0.02% |
| 183 | BANK AMERICA CORP | 060505104 | 4,308 | $236,940 | 0.02% |
| 184 | LENNAR CORP | LEN-B | 2,267 | $233,001 | 0.02% |
| 185 | STRYKER CORPORATION | SYK | 658 | $231,268 | 0.02% |
| 186 | MONDELEZ INTL INC | 609207105 | 4,290 | $230,931 | 0.02% |
| 187 | NOVO-NORDISK A S | NONOF | 4,519 | $229,927 | 0.02% |
| 188 | FIRST INTST BANCSYSTEM INC | 32055Y201 | 6,563 | $227,080 | 0.02% |
| 189 | TEXAS INSTRS INC | 882508104 | 1,294 | $224,497 | 0.02% |
| 190 | WEYERHAEUSER CO MTN BE | WY | 9,473 | $224,428 | 0.02% |
| 191 | CONSOLIDATED EDISON INC | ED | 2,200 | $218,504 | 0.02% |
| 192 | SEMPRA | SREA | 2,470 | $218,077 | 0.02% |
| 193 | AMERICAN HOMES 4 RENT | AMH-PG | 6,501 | $208,690 | 0.02% |
| 194 | VANGUARD INDEX FDS | 922908751 | 783 | $201,975 | 0.02% |
| 195 | CAMPING WORLD HLDGS INC | CWH | 15,000 | $145,950 | 0.01% |
| 196 | BRANDYWINE RLTY TR | 105368203 | 49,484 | $144,492 | 0.01% |