ALBION FINANCIAL GROUP /UT Q4 2025 Filing

Filed January 21, 2026

Portfolio Value

$1.6T

Holdings

650

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (650 positions)

#	Stock	Shares	Value	% Portfolio
1	VOOVANGUARD INDEX FDS	325,357	$204.0B	12.70%
2	AAPLAPPLE INC	328,607	$89.3B	5.56%
3	IWRISHARES TR	853,473	$82.2B	5.11%
4	MSFTMICROSOFT CORP	131,109	$63.4B	3.95%
5	GOOGLALPHABET INC	185,109	$57.9B	3.61%
6	AMZNAMAZON COM INC	247,619	$57.2B	3.56%
7	NVDANVIDIA CORPORATION	288,949	$53.9B	3.35%
8	VGITVANGUARD SCOTTSDALE FDS	614,025	$36.8B	2.29%
9	IJRISHARES TR	281,684	$33.9B	2.11%
10	AVGOBROADCOM INC	96,954	$33.6B	2.09%
11	VEUVANGUARD INTL EQUITY INDEX F	439,470	$32.3B	2.01%
12	JPMJPMORGAN CHASE & CO.	92,572	$29.8B	1.86%
13	JMBSJANUS DETROIT STR TR	623,852	$28.5B	1.77%
14	VCSHVANGUARD SCOTTSDALE FDS	354,987	$28.3B	1.76%
15	JAAAJANUS DETROIT STR TR	555,134	$28.1B	1.75%
16	BLKBLACKROCK INC	26,219	$28.1B	1.75%
17	SCHDSCHWAB STRATEGIC TR	1,008,987	$27.7B	1.72%
18	SPYSPDR S&P 500 ETF TR	37,992	$25.9B	1.61%
19	VVISA INC	67,587	$23.7B	1.48%
20	CSCOCISCO SYS INC	282,343	$21.7B	1.35%
21	APHAMPHENOL CORP NEW	160,400	$21.7B	1.35%
22	IBBISHARES TR	119,737	$20.2B	1.26%
23	BRK/BBERKSHIRE HATHAWAY INC DEL	38,364	$19.3B	1.20%
24	NDQINVESCO QQQ TR	31,225	$19.2B	1.19%
25	COSTCOSTCO WHSL CORP NEW	21,865	$18.9B	1.17%
26	PWRQUANTA SVCS INC	41,662	$17.6B	1.09%
27	TJXTJX COS INC NEW	114,280	$17.6B	1.09%
28	ORCLORACLE CORP	88,417	$17.2B	1.07%
29	GEGE AEROSPACE	52,856	$16.3B	1.01%
30	METAMETA PLATFORMS INC	23,440	$15.5B	0.96%
31	TMOTHERMO FISHER SCIENTIFIC INC	24,400	$14.1B	0.88%
32	LMTLOCKHEED MARTIN CORP	28,419	$13.7B	0.86%
33	UBERUBER TECHNOLOGIES INC	168,158	$13.7B	0.86%
34	ACNACCENTURE PLC IRELAND	47,777	$12.8B	0.80%
35	VIGVANGUARD SPECIALIZED FUNDS	58,017	$12.8B	0.79%
36	HDHOME DEPOT INC	36,951	$12.7B	0.79%
37	MUBISHARES TR	111,352	$11.9B	0.74%
38	DISDISNEY WALT CO	103,044	$11.7B	0.73%
39	JUSTGOLDMAN SACHS ETF TR	117,581	$11.4B	0.71%
40	HONHONEYWELL INTL INC	57,795	$11.3B	0.70%
41	SBUXSTARBUCKS CORP	131,022	$11.0B	0.69%
42	DWDMORGAN STANLEY	60,833	$10.8B	0.67%
43	CRMSALESFORCE INC	37,622	$10.0B	0.62%
44	RSGREPUBLIC SVCS INC	45,848	$9.7B	0.60%
45	MCDMCDONALDS CORP	28,039	$8.6B	0.53%
46	PABUISHARES TR	112,855	$8.2B	0.51%
47	AMGNAMGEN INC	24,281	$7.9B	0.49%
48	SPYMSPDR SERIES TRUST	98,686	$7.9B	0.49%
49	GEVGE VERNOVA INC	11,936	$7.8B	0.49%
50	UNPUNION PAC CORP	33,151	$7.7B	0.48%
51	DGRWWISDOMTREE TR	85,290	$7.6B	0.47%
52	QCOMQUALCOMM INC	44,037	$7.5B	0.47%
53	PWRDTCW ETF TRUST	72,572	$7.0B	0.43%
54	WECWEC ENERGY GROUP INC	63,571	$6.7B	0.42%
55	SOSOUTHERN CO	76,649	$6.7B	0.42%
56	MDTMEDTRONIC PLC	67,609	$6.5B	0.40%
57	FISVFISERV INC	91,064	$6.1B	0.38%
58	SHESPDR SERIES TRUST	45,072	$6.0B	0.37%
59	JMSTJ P MORGAN EXCHANGE TRADED F	115,430	$5.9B	0.37%
60	PEPPEPSICO INC	38,188	$5.5B	0.34%
61	ABBVABBVIE INC	23,971	$5.5B	0.34%
62	MAINMAIN STR CAP CORP	86,812	$5.2B	0.33%
63	PAYXPAYCHEX INC	46,660	$5.2B	0.33%
64	PRFZINVESCO EXCHANGE TRADED FD T	112,200	$5.1B	0.32%
65	AFLAFLAC INC	44,821	$4.9B	0.31%
66	AQLTISHARES TR	32,982	$4.7B	0.29%
67	EDCONSOLIDATED EDISON INC	42,435	$4.2B	0.26%
68	GOOGALPHABET INC	13,078	$4.1B	0.26%
69	TXNTEXAS INSTRS INC	22,690	$3.9B	0.24%
70	PGPROCTER AND GAMBLE CO	24,760	$3.5B	0.22%
71	CVXCHEVRON CORP NEW	21,671	$3.3B	0.21%
72	MRKMERCK & CO INC	30,484	$3.2B	0.20%
73	DMXFISHARES TR	38,445	$2.9B	0.18%
74	ABTABBOTT LABS	23,010	$2.9B	0.18%
75	DYHTARGET CORP	27,732	$2.7B	0.17%
76	TSLATESLA INC	5,954	$2.7B	0.17%
77	GPCGENUINE PARTS CO	19,363	$2.4B	0.15%
78	SRLNSSGA ACTIVE ETF TR	55,862	$2.3B	0.14%
79	SPYDSPDR SERIES TRUST	51,550	$2.2B	0.14%
80	BBHYJ P MORGAN EXCHANGE TRADED F	46,740	$2.2B	0.14%
81	EWCISHARES INC	39,000	$2.1B	0.13%
82	RIVNRIVIAN AUTOMOTIVE INC	104,751	$2.1B	0.13%
83	JNJJOHNSON & JOHNSON	9,331	$1.9B	0.12%
84	NNNNNN REIT INC	45,966	$1.8B	0.11%
85	IBMINTERNATIONAL BUSINESS MACHS	6,007	$1.8B	0.11%
86	KMBKIMBERLY-CLARK CORP	16,972	$1.7B	0.11%
87	CRBNISHARES TR	7,283	$1.7B	0.10%
88	PGXINVESCO EXCH TRADED FD TR II	140,387	$1.6B	0.10%
89	VTIVANGUARD INDEX FDS	4,664	$1.6B	0.10%
90	WSMWILLIAMS SONOMA INC	8,545	$1.5B	0.09%
91	CUTINVESCO EXCH TRADED FD TR II	52,000	$1.5B	0.09%
92	SUSBISHARES TR	58,648	$1.5B	0.09%
93	IVWISHARES TR	11,820	$1.5B	0.09%
94	ECLECOLAB INC	5,444	$1.4B	0.09%
95	AG8AGILENT TECHNOLOGIES INC	10,206	$1.4B	0.09%
96	AWCAMERICAN WTR WKS CO INC NEW	9,825	$1.3B	0.08%
97	KRMDKORU MEDICAL SYSTEMS INC	216,374	$1.3B	0.08%
98	TSCOTRACTOR SUPPLY CO	25,000	$1.3B	0.08%
99	LLYELI LILLY & CO	1,117	$1.2B	0.07%
100	XYLXYLEM INC	8,755	$1.2B	0.07%

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