Orion Investment Co's Q3 2025 13F: 2 new positions, 2 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Nov 13, 2025 · 70 reported positions · accession 0002033920-25-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | Blueprint Medicines Corp (BPMC) | 4.8% | — | −4.8 pts | −106K sh | −100% |
| Increased | Rigetti Computing Inc (RGTI) | 0.4% | 1.3% | +0.9 pts | +47,795 sh | +52% |
| Increased | ASML Holding N V (ASML) | 1.1% | 1.6% | +0.5 pts | +1,381 sh | +35% |
| New | Broadcom Inc (AVGO) | — | 0.4% | +0.4 pts | +3,886 sh | new |
| Reduced | Iovance Biotherapeutics Inc (IOVA) | 1.4% | 1.3% | −0.1 pts | −487K sh | −21% |
| New | Oklo Inc (ALCC) | — | 0.3% | +0.3 pts | +8,428 sh | new |
| Increased | Biogen Inc (BIIB) | 1.5% | 1.8% | +0.3 pts | +6,528 sh | +20% |
| Increased | Shopify Inc (SHOP) | 1.8% | 2.3% | +0.5 pts | +4,223 sh | +9% |
| Increased | Ionis Pharmaceuticals Inc (IONS) | 3.0% | 4.7% | +1.6 pts | +7,335 sh | +3% |
| Increased | Cameco Corp (CCJ) | 1.2% | 1.3% | +0.2 pts | +5,300 sh | +12% |
| Increased | Enterprise Prods Partners L (EPD) | 0.2% | 0.3% | +0.1 pts | +12,655 sh | +62% |
| Exited | UnitedHealth Group Inc (UNH) | 0.1% | — | −0.1 pts | −1,100 sh | −100% |
| Increased | Atmos Energy Corp (ATO) | 0.8% | 1.0% | +0.1 pts | +2,155 sh | +14% |
| Increased | IonQ Inc (IONQ) | 4.1% | 5.4% | +1.2 pts | +3,770 sh | +1% |
| Increased | Regeneron Pharmaceuticals (REGN) | 5.6% | 5.5% | −0.2 pts | +366 sh | +1% |
| Increased | Servicenow Inc (NOW) | 0.8% | 0.7% | −0.1 pts | +193 sh | +9% |
| Increased | Hershey Co (HSY) | 2.2% | 2.3% | +0.1 pts | +716 sh | +2% |
| Increased | Newmont Corporation (NEM) | 0.5% | 0.7% | +0.2 pts | +1,505 sh | +6% |
| Increased | Royal Gold Inc (RGLD) | 1.7% | 1.8% | +0.1 pts | +621 sh | +2% |
| Reduced | Berkshire Hathaway Inc Del (BRK-B) | 0.3% | 0.3% | −0.1 pts | −200 sh | −11% |
| Reduced | Abbott Labs (ABT) | 3.1% | 2.7% | −0.4 pts | −599 sh | −1% |
| Increased | Cadence Design Systems Inc (CDNS) | 1.1% | 1.2% | 0.0 pts | +193 sh | +2% |
| Increased | Exxon Mobil Corp (XOM) | 3.2% | 3.0% | −0.2 pts | +573 sh | +1% |
| Reduced | Qualcomm Inc (QCOM) | 6.8% | 6.4% | −0.4 pts | −376 sh | 0% |
| Reduced | Merck & Co (MRK) | 0.6% | 0.5% | 0.0 pts | −600 sh | −3% |
| Reduced | Spire Inc (SR) | 0.5% | 0.5% | 0.0 pts | −608 sh | −3% |
| Increased | Microsoft Corp (MSFT) | 18.6% | 17.4% | −1.2 pts | +94 sh | 0% |
| Increased | Procter And Gamble Co (PG) | 3.3% | 2.9% | −0.4 pts | +293 sh | 0% |
| Increased | Huntington Ingalls Inds Inc (HII) | 1.1% | 1.1% | +0.1 pts | +145 sh | +1% |
| Increased | Palo Alto Networks Inc (PANW) | 0.7% | 0.7% | −0.1 pts | +192 sh | +2% |
| Increased | Parker-Hannifin Corp (PH) | 3.4% | 3.3% | −0.1 pts | +50 sh | 0% |
| Increased | General Dynamics Corp (GD) | 2.0% | 2.2% | +0.1 pts | +106 sh | +1% |
| Increased | Cummins Inc (CMI) | 2.6% | 3.0% | +0.4 pts | +83 sh | 0% |
| Reduced | Bristol-Myers Squibb Co (BMY) | 0.4% | 0.4% | −0.1 pts | −750 sh | −3% |
| Increased | Vanguard Index Fds (VOO) | 1.1% | 1.1% | 0.0 pts | +50 sh | +1% |
| Reduced | Intel Corp (INTC) | 1.2% | 1.6% | +0.4 pts | −900 sh | −1% |
| Increased | Nextera Energy Inc (NEE) | 2.5% | 2.5% | −0.1 pts | +393 sh | 0% |
| Reduced | Palantir Technologies Inc (PLTR) | 6.5% | 7.8% | +1.3 pts | −161 sh | 0% |
| Reduced | Ameren Corp (AEE) | 0.5% | 0.4% | 0.0 pts | −229 sh | −2% |
| Reduced | Alliance Resources Partners L (ARLP) | 0.3% | 0.2% | 0.0 pts | −725 sh | −2% |
| Reduced | Canadian Natl Ry Co (CNI) | 1.2% | 1.0% | −0.2 pts | −181 sh | −1% |
| Reduced | McCormick & Co Inc (MKC) | 0.2% | 0.1% | 0.0 pts | −250 sh | −4% |
| Reduced | Southern Co (SO) | 0.2% | 0.2% | 0.0 pts | −166 sh | −3% |
| Increased | Amazon Com Inc (AMZN) | 0.4% | 0.3% | 0.0 pts | +50 sh | +1% |
| Reduced | Chevron Corp New (CVX) | 0.1% | 0.1% | 0.0 pts | −51 sh | −3% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 59.4% of the equity book
Changes in the top 10 this quarter: IONS entered · CMI entered · BPMC left · ABT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Microsoft Corp (MSFT) | 18.6% | 17.4% | |
| 2 | Palantir Technologies Inc (PLTR) | 6.5% | 7.8% | |
| 3 | Qualcomm Inc (QCOM) | 6.8% | 6.4% | |
| 4 | Regeneron Pharmaceuticals (REGN) | 5.6% | 5.5% | |
| 5 | IonQ Inc (IONQ) | 4.1% | 5.4% | |
| 6 | Ionis Pharmaceuticals Inc (IONS) | 3.0% | 4.7% | Entered the top 10 |
| 7 | Parker-Hannifin Corp (PH) | 3.4% | 3.3% | |
| 8 | Cummins Inc (CMI) | 2.6% | 3.0% | Entered the top 10 |
| 9 | Exxon Mobil Corp (XOM) | 3.2% | 3.0% | |
| 10 | Procter And Gamble Co (PG) | 3.3% | 2.9% | |
| — | Blueprint Medicines Corp (BPMC) | 4.8% | 0.0% | Left the top 10 |
| — | Abbott Labs (ABT) | 3.1% | 2.7% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).