D.A. DAVIDSON & CO.

Q4 2025 13F-HR Holdings

Location
Great Falls, MT
Holdings as of
12/31/2025
Date filed
1/29/2026
Form type
13F-HR
Num holdings
1,519
Total value ($000)
$16,325,430
Net value change ($000)
+697,692 (4.5%)
New positions
84
Sold out positions
85
Turnover %
0.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/22/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VTV 44,808 4.4%
IXUS 34,982 5.6%
GOOGL 29,555 27.2%
GOOGL 23,155 28.1%
CMI 22,205 16.8%
AAPL 21,568 5.6%
AGG 21,552 4.7%
LLY 16,868 45.9%
PYLD 16,822 175.1%
PEP 15,360 26.4%
Top Reduces (Value $000, Stocks/ETFs)
VTI -41,920 -23.1%
MSFT -24,077 -5.6%
FISV -14,982 -81.4%
COST -14,052 -8.0%
BND -13,698 -36.6%
ADP -9,705 -9.1%
ORCL -9,544 -28.6%
EFA -6,020 -18.3%
ARCC -5,871 -32.0%
XLRE -5,845 -50.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,252 (0.0% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type