Institutional Manager · CIK 0000014745

BROWN, LISLE/CUMMINGS, INC.

PROVIDENCE, RI · File #028-24207

Latest AUM

$405.9M

Positions

742

Top-10 Concentration

44.6%

Filings

Portfolio Value Over Time

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	NETFLIX INC	NFLX	+37,661	+$3.5M	-$4.8M
REDUCE	SPDR SERIES TRUST	78468R663	-21,730	-$2.0M	-$26,207
REDUCE	PIMCO ETF TR	72201R833	-10,530	-$1.1M	-$10,152
ADD	ARES CAPITAL CORP	ARCC	+50,909	+$1.0M	-$26,166
ADD	THERMO FISHER SCIENTIFIC INC	TMO	+1,775	+$1.0M	+$642,690
REDUCE	ISHARES TR	464288158	-9,310	-$993,377	-$2,979
REDUCE	FISERV INC	FISV	-14,573	-$978,869	-$1.3M
ADD	DEERE &CO	DE	+2,000	+$931,165	+$38,103
ADD	CUMMINS INC	CMI	+1,762	+$899,413	+$749,737
ADD	JPMORGAN CHASE &CO.	VYLD	+2,697	+$869,012	+$149,963

Sector Allocation

13.9%$56.6M

12.4%$50.4M

8.5%$34.4M

6.0%$24.4M

Consumer Discretionary

5.1%$20.7M

Communication Services

3.0%$12.1M

2.8%$11.2M

1.7%$7.0M

1.7%$6.9M

0.2%$811,722

0.1%$606,731

Filing History

Jan 23, 202613F HOLDINGS REPORTQ/E Dec 2025742 pos · $405.9M
Oct 10, 202513F HOLDINGS REPORTQ/E Sep 2025760 pos · $389.6M
Jul 16, 202513F HOLDINGS REPORTQ/E Jun 2025772 pos · $375.8M
Apr 22, 202513F HOLDINGS REPORTQ/E Mar 2025784 pos · $345.0M
Jan 27, 202513F HOLDINGS REPORTQ/E Dec 2024638 pos · $335.1M
Oct 18, 202413F HOLDINGS REPORTQ/E Sep 2024619 pos · $329.1M
Jul 17, 202413F HOLDINGS REPORTQ/E Jun 2024614 pos · $306.9M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024479 pos · $208.1M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024558 pos · $294.4M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024521 pos · $186.2M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024452 pos · $200.1M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024556 pos · $223.6M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024550 pos · $221.0M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024477 pos · $180.7M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024534 pos · $197.1M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024571 pos · $269.6M
Jul 1, 202413F HOLDINGS REPORTQ/E Jun 2024512 pos · $171.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S&P 500 ETF TR	SPY	25,700	$17.5M	6.63%
2	ALPHABET INC	GOOG	53,233	$16.7M	6.30%
3	MICROSOFT CORP	MSFT	29,775	$14.4M	5.45%
4	APPLE INC	AAPL	49,651	$13.5M	5.11%
5	AMAZON COM INC	AMZN	53,977	$12.5M	4.71%
6	INTERCONTINENTAL EXCHANGE IN	45866F104	67,093	$10.9M	4.11%
7	ALPHABET INC	GOOG	30,569	$9.6M	3.63%
8	JPMORGAN CHASE &CO.	VYLD	24,781	$8.0M	3.02%
9	AMGEN INC	AMGN	23,934	$7.8M	2.96%
10	BOSTON SCIENTIFIC CORP	BSX	74,443	$7.1M	2.69%
11	ABBVIE INC	ABBV	28,579	$6.5M	2.47%
12	ACCENTURE PLC IRELAND	ACN	24,221	$6.5M	2.46%
13	META PLATFORMS INC	META	9,506	$6.3M	2.37%
14	CANADIAN NATL RY CO	136375102	54,778	$5.4M	2.05%
15	NVIDIA CORPORATION	NVDA	28,251	$5.3M	1.99%
16	CUMMINS INC	CMI	10,274	$5.2M	1.98%
17	BERKSHIRE HATHAWAY INC DEL	BRK-A	10,395	$5.2M	1.98%
18	THERMO FISHER SCIENTIFIC INC	TMO	8,581	$5.0M	1.88%
19	BLACKSTONE INC	BX	30,130	$4.6M	1.76%
20	L3HARRIS TECHNOLOGIES INC	LHX	15,294	$4.5M	1.70%