Institutional Manager · CIK 0001121477

BOYD WATTERSON ASSET MANAGEMENT LLC/OH

CLEVELAND, OH · File #028-05921

Latest AUM

$346.4M

Positions

421

Top-10 Concentration

50.4%

Filings

Portfolio Value Over Time

2024-03

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
REDUCE	iShares MBS Bond ETF	464288588	-43,729	-$4.2M	+$3,826
ADD	Netflix Inc	NFLX	+11,691	+$1.1M	-$1.4M
ADD	Kimberly Clark Corp	KMB	+7,274	+$733,874	-$10,412
REDUCE	Mondelez International Inc	609207105	-10,943	-$589,089	-$138,370
ADD	iShares Barclays Agg Bond	464287226	+5,815	+$580,803	-$12
REDUCE	Procter & Gamble Co	742718109	-3,823	-$547,874	-$266,524
REDUCE	Broadcom Inc	AVGO	-1,494	-$517,073	+$807,686
REDUCE	Zebra Technologies Corp Cl	ZBRA	-2,108	-$511,865	-$260,071
ADD	Honeywell International	438516106	+1,993	+$388,812	-$500,157
NEW	Solstice Advanced Matls Inc	83443Q103	+7,542	+$366,390	$0

Sector Allocation

21.5%$74.3M

9.4%$32.7M

8.3%$28.8M

6.4%$22.2M

Consumer Discretionary

4.5%$15.5M

Energy

3.1%$10.7M

Consumer Staples

2.3%$8.1M

Materials

0.8%$2.8M

Communication Services

0.7%$2.6M

Utilities

0.2%$710,866

Real Estate

0.0%$53,188

Filing History

Feb 4, 202613F HOLDINGS REPORTQ/E Dec 2025421 pos · $346.4M
Nov 5, 202513F HOLDINGS REPORTQ/E Sep 2025418 pos · $335.8M
Aug 1, 202513F HOLDINGS REPORTQ/E Jun 2025425 pos · $317.7M
May 6, 202513F HOLDINGS REPORTQ/E Mar 2025429 pos · $312.8M
Feb 3, 202513F HOLDINGS REPORTQ/E Dec 2024434 pos · $359.7M
Oct 22, 202413F HOLDINGS REPORTQ/E Sep 2024438 pos · $365.0M
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $144
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $673,792
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $123
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $513
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $506
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $118
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $659
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $135
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $123
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $123
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $549
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $521,782
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $632
Aug 14, 202413F HOLDINGS REPORT (Amended)Q/E Jun 20241 pos · $500

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SPDR S & P 500 ETF Trust	SPY	36,352	$24.8M	8.69%
2	Microsoft Corp	MSFT	50,156	$24.3M	8.50%
3	Alphabet Inc-CL A	GOOG	62,789	$19.7M	6.89%
4	Broadcom Inc	AVGO	48,394	$16.7M	5.87%
5	J P Morgan Chase	VYLD	37,262	$12.0M	4.21%
6	Lilly (Eli) & Co	LLY	10,809	$11.6M	4.07%
7	American Express Co	AXP	27,762	$10.3M	3.60%
8	SPDR S & P Midcap 400 ETF	MDY	13,936	$8.4M	2.95%
9	Eaton Corp PLC	ETN	26,125	$8.3M	2.92%
10	Apple Inc	AAPL	28,789	$7.8M	2.74%
11	Amazon.com Inc	AMZN	32,951	$7.6M	2.67%
12	Honeywell International	438516106	34,450	$6.7M	2.36%
13	Caterpillar Inc	CAT	10,766	$6.2M	2.16%
14	Exxon Mobil Corp	XOM	47,396	$5.7M	2.00%
15	Abbvie Inc	ABBV	24,149	$5.5M	1.93%
16	Visa Inc Cl-A Shares	V	15,014	$5.3M	1.85%
17	Alphabet Inc-CL C	GOOG	16,768	$5.3M	1.84%
18	Vanguard S&P 500 ETF	922908363	8,085	$5.1M	1.78%
19	Parker Hannifin Corp	PH	5,676	$5.0M	1.75%
20	Johnson & Johnson	JNJ	22,086	$4.6M	1.60%