Institutional Manager · CIK 0001993607

Borer Denton & Associates, Inc.

BLUE BELL, PA · File #028-23400

Latest AUM

$296.7M

Positions

Top-10 Concentration

56.1%

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
ADD	HOME DEPOT	HD	+2,338	+$804,515	-$2.1M
ADD	CVS HEALTH CORP COM	CVS	+8,187	+$649,715	+$101,763
ADD	BANK NEW YORK MELLON CORP COM	064058100	+4,274	+$496,169	+$225,193
REDUCE	ORACLE CORPORATION	ORCL-PD	-2,422	-$472,072	-$4.9M
NEW	PHILIP MORRIS INTL INC	718172109	+2,810	+$450,651	$0
ADD	PEPSICO INC COM	PEP	+2,631	+$377,602	+$188,437
NEW	SOLSTICE ADVANCED MATLS INC COM SHS	83443Q103	+7,706	+$374,357	$0
REDUCE	MICROSOFT	MSFT	-766	-$370,450	-$2.2M
REDUCE	NOVO-NORDISK A S ADR	NONOF	-6,687	-$340,235	-$379,030
REDUCE	CARMAX INC COM	KMX	-8,253	-$318,896	-$124,830

Sector Allocation

Technology

20.7%$61.5M

Healthcare

13.8%$41.0M

Financials

8.2%$24.2M

Consumer Discretionary

6.3%$18.8M

Industrials

4.8%$14.1M

Consumer Staples

4.6%$13.6M

Communication Services

0.4%$1.2M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 202565 pos · $296.7M
Oct 16, 202513F HOLDINGS REPORTQ/E Sep 202561 pos · $302.9M
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 202558 pos · $288.1M
May 15, 202513F HOLDINGS REPORTQ/E Mar 202559 pos · $282.7M
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 202460 pos · $287.5M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 202461 pos · $293.2M
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 202456 pos · $275.4M
Apr 25, 202413F HOLDINGS REPORTQ/E Mar 202461 pos · $282.5M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202353 pos · $238.2M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202363 pos · $240.8M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202355 pos · $201.0M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202360 pos · $242.0M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202360 pos · $225.9M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202362 pos · $253.9M
Oct 20, 202313F HOLDINGS REPORTQ/E Dec 202352 pos · $207.5M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT	MSFT	63,449	$30.7M	10.50%
2	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	46,286	$23.3M	7.96%
3	COSTCO WHOLESALE CORP	22160K105	22,586	$19.5M	6.66%
4	APPLE INC	AAPL	69,067	$18.8M	6.43%
5	ABBVIE INC COM	ABBV	57,924	$13.2M	4.53%
6	JOHNSON & JOHNSON COM	JNJ	63,812	$13.2M	4.52%
7	HOME DEPOT	HD	36,108	$12.4M	4.25%
8	AON PLC SHS CL A	AON	32,944	$11.6M	3.98%
9	ORACLE CORPORATION	ORCL-PD	54,684	$10.7M	3.65%
10	BANK AMERICA CORP COM	060505104	191,428	$10.5M	3.60%
11	ABBOTT LABS COM	ABLZF	79,248	$9.9M	3.40%
12	ILLINOIS TOOL WKS INC COM	452308109	39,922	$9.8M	3.36%
13	GOLDMAN SACHS GROUP INC COM	GSCE	10,879	$9.6M	3.27%
14	UNION PAC CORP COM	UNP	40,457	$9.4M	3.20%
15	PEPSICO INC COM	PEP	63,812	$9.2M	3.13%
16	VISA INC COM CL A	V	22,033	$7.7M	2.64%
17	HONEYWELL INTL INC COM	438516106	32,259	$6.3M	2.15%
18	BECTON DICKINSON & CO COM	BDX	30,905	$6.0M	2.05%
19	BANK NEW YORK MELLON CORP COM	064058100	35,858	$4.2M	1.42%
20	NOVO-NORDISK A S ADR	NONOF	75,532	$3.8M	1.32%