Institutional Manager · CIK 0001511229

Orca Investment Management, LLC

Lake Oswego, OR · File #028-15705

Latest AUM

$126.9M

Positions

Top-10 Concentration

56.7%

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
NEW	COHERENT CORP COM	COHR	+21,392	+$3.9M	$0
REDUCE	BERKSHIRE HATHAWAY INC DEL CL	BRK-A	-5,388	-$2.7M	-$602
EXITED	COHERENT CORP	19247g107	-21,690	-$2.3M	$0
ADD	STATE STRET MATRL SLCT SCTR SP	81369y100	+10,289	+$466,606	-$455,893
EXITED	SOUTHWEST GAS HLDGS INC COM	844895102	-3,948	-$309,286	$0
EXITED	VANGUARD LARGE CAP ETF	922908637	-743	-$228,680	$0
EXITED	SELECT SECTOR SPDR TR COMMUNIC	81369Y852	-1,875	-$221,944	$0
REDUCE	MICROSOFT CORP	MSFT	-346	-$167,333	-$957,497
REDUCE	ALPHABET INC CLASS CLASS C	GOOG	-523	-$164,117	+$2.6M
REDUCE	EXXON MOBIL CORP	XOM	-873	-$105,057	+$31,301

Sector Allocation

Technology

29.6%$37.6M

Healthcare

14.2%$18.0M

Consumer Discretionary

5.5%$7.0M

Financials

3.8%$4.9M

Industrials

2.8%$3.6M

Consumer Staples

2.7%$3.4M

Communication Services

0.6%$799,856

Energy

0.5%$667,761

Filing History

Jan 20, 202613F HOLDINGS REPORTQ/E Dec 202558 pos · $126.9M
Oct 30, 202513F HOLDINGS REPORTQ/E Sep 202561 pos · $122.1M
Jul 25, 202513F HOLDINGS REPORTQ/E Jun 202560 pos · $110.9M
May 7, 202513F HOLDINGS REPORTQ/E Mar 202558 pos · $100.1M
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 202457 pos · $106.3M
Oct 11, 202413F HOLDINGS REPORTQ/E Sep 202457 pos · $110.9M
Aug 6, 202413F HOLDINGS REPORTQ/E Jun 202456 pos · $104.8M
Apr 24, 202413F HOLDINGS REPORTQ/E Mar 202455 pos · $106.8M
Oct 30, 202313F HOLDINGS REPORTQ/E Dec 202358 pos · $90.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT CORP	MSFT	27,545	$13.3M	10.70%
2	ALPHABET INC CLASS CLASS C	GOOG	36,370	$11.4M	9.16%
3	APPLE INC	AAPL	37,280	$10.1M	8.14%
4	BROADCOM INC	AVGO	20,629	$7.1M	5.73%
5	SPDR S&P 500 ETF	SPY	9,607	$6.6M	5.26%
6	CARDINAL HEALTH INC	CAH	28,632	$5.9M	4.72%
7	ALPHABET INC CLASS A	GOOG	16,705	$5.2M	4.20%
8	COHERENT CORP COM	COHR	21,392	$3.9M	3.17%
9	JOHNSON & JOHNSON	JNJ	17,602	$3.6M	2.93%
10	AMAZON.COM INC	AMZN	14,411	$3.3M	2.67%
11	STE STRT FINCL SLCT SECTOR SPD	81369y605	58,151	$3.2M	2.56%
12	PRUDENTIAL FINL INC	PUKPF	24,808	$2.8M	2.25%
13	CVS HEALTH CORP	CVS	35,137	$2.8M	2.24%
14	VANGUARD TOTAL STOCK MARKET ET	922908769	7,924	$2.7M	2.13%
15	JPMORGAN CHASE & CO	VYLD	7,111	$2.3M	1.84%
16	SPDR SER TR STATE STREET SPDR	78464A805	26,755	$2.2M	1.77%
17	INVESCO EXCHANGE-TRADED FD TR	IVZ	17,829	$2.1M	1.71%
18	TAIWAN SEMICONDUCTOR M F SPONS	874039100	6,889	$2.1M	1.68%
19	ARCHER-DANIELS MIDLAND CO COM	ADM	36,152	$2.1M	1.67%
20	ELI LILLY AND CO	LLY	1,887	$2.0M	1.63%