Institution

Chevy Chase Trust Holdings, LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1462020

Reported value: $38.8bn
Positions we cover: 555
Copy, a year: +14.5%
Copy Sharpe ratio: 0.80

How copying its 13F would have done

CopyS&P 500 $10,000 copying Chevy Chase Trust Holdings, LLC's filed holdings in companies we cover from July 19, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −31.2% (S&P 500 −31.8%); beta 1.01; alpha +0.5% a year (t = 1.42); last 12 months +12.5% against +12.1%.

Reported value by quarter

Chevy Chase Trust Holdings, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$11.4B
2013-09-30	$12.3B
2013-12-31	$13.7B
2014-03-31	$13.9B
2014-06-30	$14.4B
2014-09-30	$15.4B
2014-12-31	$16B
2015-03-31	$16.6B
2015-06-30	$16.7B
2015-09-30	$16B
2015-12-31	$17B
2016-03-31	$17.5B
2016-06-30	$17.9B
2016-09-30	$18.3B
2016-12-31	$18.9B
2017-03-31	$20.4B
2017-06-30	$20.9B
2017-09-30	$22.1B
2017-12-31	$23.2B
2018-03-31	$22.5B
2018-06-30	$23.1B
2018-09-30	$24.1B
2018-12-31	$20.5B
2019-03-31	$24.2B
2019-06-30	$24.1B
2019-09-30	$24.4B
2019-12-31	$26.4B
2020-03-31	$21.5B
2020-06-30	$24.7B
2020-09-30	$25.3B
2020-12-31	$28.1B
2021-03-31	$28B
2021-06-30	$29.4B
2021-09-30	$28.7B
2021-12-31	$31B
2022-03-31	$29B
2022-06-30	$24.2B
2022-09-30	$23.4B
2022-12-31	$23.5T
2023-03-31	$25.3B
2023-06-30	$26.7B
2023-09-30	$25.3B
2023-12-31	$27.9B
2024-03-31	$30.6B
2024-06-30	$31.3B
2024-09-30	$32.6B
2024-12-31	$32.8B
2025-03-31	$31.3B
2025-06-30	$34.4B
2025-09-30	$36.3B
2025-12-31	$37B
2026-03-31	$34.7B
2026-06-30	$38.8B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	7.52%	$2.9bn	14.57M	−2.1% Reduced
AAPLApple Inc.	6.61%	$2.6bn	8.86M	−1.4% Reduced
MSFTMicrosoft Corporation	4.13%	$1.6bn	4.29M	−2.2% Reduced
AMZNAmazon	3.61%	$1.4bn	5.88M	−1.4% Reduced
GOOGLAlphabet Inc. (Class A)	3.27%	$1.3bn	3.55M	−1.3% Reduced
AVGOBroadcom	2.61%	$1.0bn	2.68M	−0.7% Reduced
MUMicron Technology	1.64%	$635.0m	550.1K	−1.8% Reduced
JPMJPMorgan Chase	1.59%	$618.6m	1.89M	−2.4% Reduced
METAMeta Platforms	1.55%	$600.3m	1.07M	−1.6% Reduced
TSLATesla, Inc.	1.48%	$573.0m	1.36M	−1.9% Reduced
LLYLilly (Eli)	1.20%	$467.0m	389.4K	−2.1% Reduced
VVisa Inc.	1.18%	$459.3m	1.34M	−3.0% Reduced
AMDAdvanced Micro Devices	1.18%	$458.8m	789.8K	−1.8% Reduced
GSGoldman Sachs	1.04%	$405.2m	400.6K	−4.0% Reduced
COSTCostco	0.94%	$364.7m	389.9K	−1.1% Reduced
JNJJohnson & Johnson	0.83%	$322.2m	1.27M	−2.8% Reduced
INTCIntel	0.83%	$320.8m	2.30M	−1.4% Reduced
AMATApplied Materials	0.74%	$285.4m	394.7K	−4.3% Reduced
LRCXLam Research	0.69%	$266.0m	613.8K	−1.7% Reduced
TJXTJX Companies	0.63%	$244.9m	1.62M	+1.9% Added
WMTWalmart	0.63%	$242.7m	2.14M	−1.9% Reduced
CATCaterpillar Inc.	0.62%	$241.1m	226.4K	−2.9% Reduced
CSCOCisco	0.60%	$233.5m	1.99M	−4.0% Reduced
UNHUnitedHealth Group	0.60%	$232.9m	560.3K	−0.7% Reduced
ASMLAsml Holding NV	0.60%	$232.2m	116.7K	−0.3%
ABBVAbbVie	0.57%	$222.3m	883.3K	−2.3% Reduced
MAMastercard	0.54%	$211.1m	411.0K	−3.3% Reduced
VRTXVertex Pharmaceuticals	0.52%	$201.8m	406.3K	−0.3%
KLACKLA Corporation	0.49%	$191.0m	633.0K	+877.0% Added
GEGE Aerospace	0.49%	$190.7m	510.2K	−2.5% Reduced
BACBank of America	0.47%	$182.7m	3.21M	−3.7% Reduced
CDNSCadence Design Systems Inc	0.47%	$181.2m	482.9K	−0.5%
NEENextEra Energy	0.46%	$177.6m	2.02M	−1.0% Reduced
HDThe Home Depot	0.45%	$173.1m	490.9K	−2.1% Reduced
PGProcter & Gamble	0.44%	$171.4m	1.17M	−1.9% Reduced
VZVerizon	0.43%	$167.4m	3.95M	+2.5% Added
NTRANatera, Inc.	0.42%	$162.8m	599.9K	+2.2% Added
SNDKSandisk	0.42%	$162.6m	71.5K	−1.6% Reduced
AEPAmerican Electric Power	0.41%	$160.4m	1.17M	0.0%
KOThe Coca-Cola Company	0.41%	$160.2m	1.97M	−1.4% Reduced
MRKMerck & Co.	0.41%	$157.1m	1.22M	−2.4% Reduced
GEVGE Vernova	0.40%	$154.4m	131.5K	−2.2% Reduced
CVXChevron Corporation	0.39%	$152.9m	922.2K	−2.1% Reduced
CGNXCognex Corp	0.38%	$148.2m	2.05M	+11.0% Added
TMOThermo Fisher Scientific	0.38%	$147.1m	293.5K	−5.3% Reduced
NFLXNetflix	0.38%	$147.0m	2.06M	−2.3% Reduced
SLBSchlumberger	0.36%	$139.3m	3.00M	+11.9% Added
PMPhilip Morris International	0.36%	$138.6m	766.3K	−0.9% Reduced
PANWPalo Alto Networks	0.34%	$134.0m	392.9K	−1.6% Reduced
IBMIBM	0.34%	$132.6m	471.6K	−1.6% Reduced
TXNTexas Instruments	0.34%	$132.3m	443.7K	−1.7% Reduced
PLTRPalantir Technologies Inc.	0.33%	$129.5m	1.11M	−1.5% Reduced
ILMNIllumina, Inc.	0.33%	$128.0m	727.7K	+35.3% Added
RTXRTX Corporation	0.33%	$126.4m	666.4K	−1.6% Reduced
SHELShell plc	0.33%	$126.4m	1.63M	−2.4% Reduced
MRVLMarvell Technology	0.33%	$125.9m	422.8K	New
ORCLOracle Corporation	0.32%	$123.7m	843.8K	−1.8% Reduced
WFCWells Fargo	0.32%	$122.8m	1.49M	−3.7% Reduced
MSMorgan Stanley	0.32%	$122.2m	584.8K	−2.3% Reduced
ISRGIntuitive Surgical	0.31%	$120.1m	302.0K	−8.7% Reduced
LINLinde plc	0.30%	$116.5m	224.4K	−2.8% Reduced
CCitigroup	0.30%	$116.3m	831.0K	−4.3% Reduced
FNVFranco Nevada Corp	0.29%	$112.9m	541.6K	+2.2% Added
WMBWilliams Companies	0.29%	$112.2m	1.51M	+3.1% Added
REGNRegeneron Pharmaceuticals	0.29%	$111.6m	179.1K	−13.0% Reduced
PEPPepsiCo	0.28%	$107.3m	792.1K	−2.2% Reduced
WDCWestern Digital	0.28%	$106.5m	166.8K	−0.3%
PIImpinj Inc	0.27%	$105.6m	737.1K	+1.2% Added
APHAmphenol	0.27%	$105.5m	598.4K	−2.1% Reduced
BWXTBWX Technologies, Inc.	0.27%	$105.3m	541.1K	+1.7% Added
STXSeagate Technology	0.27%	$104.5m	108.3K	+0.8% Added
EOGEOG Resources	0.26%	$101.0m	778.8K	−0.6% Reduced
GLWCorning Inc.	0.25%	$97.9m	383.3K	−1.6% Reduced
AMGNAmgen	0.25%	$96.6m	266.6K	−1.7% Reduced
MCDMcDonald's	0.25%	$96.3m	356.3K	−2.2% Reduced
DISThe Walt Disney Company	0.24%	$94.9m	986.5K	−5.7% Reduced
QCOMQualcomm	0.24%	$94.7m	512.3K	−3.2% Reduced
ECLEcolab	0.24%	$94.4m	338.7K	−20.4% Reduced
ADIAnalog Devices	0.24%	$94.3m	237.5K	−2.1% Reduced
AXPAmerican Express	0.23%	$90.2m	266.5K	−15.9% Reduced
ATOAtmos Energy	0.23%	$89.9m	521.7K	+0.6% Added
ANETArista Networks	0.23%	$89.0m	523.6K	−2.0% Reduced
LMTLockheed Martin	0.23%	$87.5m	171.8K	−0.8% Reduced
BABoeing	0.21%	$82.6m	381.6K	−1.6% Reduced
ETNEaton Corporation	0.21%	$80.3m	188.3K	−2.0% Reduced
UNPUnion Pacific Corporation	0.20%	$79.3m	291.4K	−1.9% Reduced
ABTAbbott Laboratories	0.20%	$79.1m	871.9K	−1.9% Reduced
DEDeere & Company	0.20%	$78.9m	124.3K	−2.3% Reduced
WELLWelltower	0.20%	$77.9m	343.2K	−0.8% Reduced
GILDGilead Sciences	0.20%	$76.4m	605.1K	−1.9% Reduced
NDAQNasdaq, Inc.	0.19%	$75.0m	951.9K	−5.0% Reduced
SNOWSnowflake Inc.	0.19%	$74.8m	293.8K	−16.6% Reduced
SCHWCharles Schwab Corporation	0.19%	$73.9m	801.1K	−4.1% Reduced
BLKBlackRock	0.19%	$72.1m	75.0K	−1.9% Reduced
UBERUber	0.18%	$71.0m	984.2K	−3.1% Reduced
TAT&T	0.18%	$70.0m	3.38M	−2.8% Reduced
COPConocoPhillips	0.18%	$68.9m	662.3K	−2.3% Reduced
PFEPfizer	0.17%	$67.2m	2.79M	−1.8% Reduced
BKNGBooking Holdings	0.17%	$67.1m	376.5K	+2256.1% Added
APPApplovin Corp	0.17%	$66.9m	129.9K	−2.7% Reduced
DHRDanaher Corporation	0.17%	$66.6m	349.7K	−2.3% Reduced
CVSCVS Health	0.17%	$65.3m	630.9K	−1.6% Reduced
VRTVertiv	0.16%	$62.2m	185.8K	−1.6% Reduced
CRMSalesforce	0.16%	$61.9m	395.1K	−14.6% Reduced
PGRProgressive Corporation	0.16%	$61.7m	282.3K	−2.3% Reduced
DELLDell Technologies	0.16%	$61.1m	141.7K	−3.9% Reduced
PLDPrologis	0.16%	$61.1m	450.8K	−1.7% Reduced
COFCapital One	0.16%	$60.9m	303.5K	−2.4% Reduced
CBChubb Limited	0.16%	$60.5m	177.4K	−2.7% Reduced
LOWLowe's	0.15%	$60.3m	273.4K	−2.1% Reduced
PHParker Hannifin	0.15%	$60.0m	61.3K	−2.0% Reduced
MOAltria	0.15%	$59.9m	832.8K	−2.3% Reduced
SPGIS&P Global	0.15%	$59.8m	146.7K	−2.9% Reduced
NEMNewmont	0.15%	$57.9m	620.0K	−1.2% Reduced
BMYBristol Myers Squibb	0.15%	$57.7m	1.00M	−1.7% Reduced
SBUXStarbucks	0.15%	$57.4m	561.8K	−1.9% Reduced
CRWDCrowdStrike	0.15%	$56.8m	298.0K	+0.3%
SYKStryker Corporation	0.14%	$56.0m	177.9K	−2.1% Reduced
PWRQuanta Services	0.14%	$52.7m	73.1K	−1.1% Reduced
SOSouthern Company	0.14%	$52.5m	548.4K	+0.4%
TTTrane Technologies	0.14%	$52.4m	106.8K	−2.1% Reduced
ADBEAdobe Inc.	0.14%	$52.3m	255.3K	+4.4% Added
HWMHowmet Aerospace	0.13%	$51.9m	193.2K	−2.2% Reduced
TMUST-Mobile US	0.13%	$51.3m	305.9K	−16.1% Reduced
PNCPNC Financial Services	0.13%	$49.7m	201.9K	−2.4% Reduced
EQIXEquinix	0.13%	$49.6m	47.6K	−1.6% Reduced
NOWServiceNow	0.13%	$49.5m	498.7K	−3.4% Reduced
BNYBNY Mellon	0.13%	$48.6m	336.3K	−2.1% Reduced
MDTMedtronic	0.13%	$48.5m	620.3K	−1.8% Reduced
DUKDuke Energy	0.12%	$48.2m	380.6K	−1.6% Reduced
CMICummins	0.12%	$47.7m	66.9K	−2.1% Reduced
FTNTFortinet	0.12%	$46.3m	301.6K	−3.5% Reduced
ADPAutomatic Data Processing	0.12%	$46.2m	206.2K	−2.9% Reduced
CSXCSX Corporation	0.12%	$46.0m	968.2K	−2.0% Reduced
USBU.S. Bancorp	0.12%	$46.0m	761.6K	−2.1% Reduced
MCKMcKesson	0.11%	$44.2m	58.6K	−3.8% Reduced
FCXFreeport-McMoRan	0.11%	$43.8m	696.1K	−2.0% Reduced
GDGeneral Dynamics	0.11%	$43.7m	123.4K	−1.8% Reduced
BXBlackstone Inc.	0.11%	$43.2m	367.4K	−2.7% Reduced
JCIJohnson Controls	0.11%	$43.1m	295.2K	−2.2% Reduced
CMCSAComcast	0.11%	$42.6m	1.74M	−2.7% Reduced
MARMarriott International	0.11%	$42.0m	113.3K	−2.5% Reduced
MMM3M	0.11%	$41.8m	258.3K	−3.4% Reduced
DDOGDatadog, Inc.	0.11%	$41.6m	159.7K	−1.3% Reduced
SNPSSynopsys Inc	0.11%	$41.3m	92.5K	−1.9% Reduced
CDNACaredx, Inc.	0.11%	$41.0m	1.44M	−4.4% Reduced
ELVElevance Health	0.10%	$40.7m	105.2K	−3.6% Reduced
MNSTMonster Beverage	0.10%	$40.1m	417.1K	−1.7% Reduced
UPSUnited Parcel Service	0.10%	$40.0m	372.3K	−1.0% Reduced
WMWaste Management	0.10%	$39.8m	178.8K	−2.3% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$171.4m	568.2K
MRVLMarvell Technology	$125.9m	422.8K
BKNGBooking Holdings	$64.3m	360.5K
HONHoneywell Technologies	$34.6m	154.5K
HONAHoneywell Aerospace	$34.2m	154.5K
ILMNIllumina, Inc.	$33.4m	190.0K
FLEXFlex Ltd.	$28.8m	177.6K
CVNACarvana	$18.2m	276.2K
SLBSchlumberger	$14.8m	317.6K
CGNXCognex Corp	$14.7m	202.4K
CASYCasey's	$14.2m	17.9K
VEEVVeeva Systems Inc	$13.0m	73.3K
DVNDevon Energy	$10.4m	251.4K
DDDuPont	$9.1m	67.3K
FDXFFedEx Freight	$8.0m	53.2K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
NVDANVIDIA Corporation	−$63.6m	−317.9K
AAPLApple Inc.	−$35.5m	−122.6K
MSFTMicrosoft Corporation	−$35.2m	−94.4K
ECLEcolab	−$24.1m	−86.7K
AMZNAmazon	−$19.3m	−80.8K
GOOGLAlphabet Inc. (Class A)	−$17.1m	−47.7K
AXPAmerican Express	−$17.0m	−50.3K
GSGoldman Sachs	−$16.7m	−16.5K
REGNRegeneron Pharmaceuticals	−$16.7m	−26.8K
JPMJPMorgan Chase	−$15.4m	−47.0K
SNOWSnowflake Inc.	−$14.9m	−58.6K
VVisa Inc.	−$14.1m	−41.2K
CHHChoice Hotels International Inc	−$13.6m	−131.5K
AMATApplied Materials	−$12.9m	−17.9K
KTOSKratos Defense & Security Solutions, Inc.	−$11.9m	−239.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CHHChoice Hotels International Inc	$13.6m	131.5K
CAGConagra Brands Inc.	$3.7m	236.9K
EPAMEPAM Systems, Inc.	$3.7m	27.2K
POOLPool Corp	$3.3m	16.1K
CPBCampbell's Co	$2.2m	97.2K
WCNWaste Connections, Inc.	$335,763	2.1K
BURLBurlington Stores, Inc.	$247,614	761
TMToyota Motor Corp/	$221,753	1.1K

Technology39.6%
Financials11.2%
Health Care10.1%
Consumer Discretionary9.5%
Industrials8.5%
Communication Services7.1%
Consumer Staples4.7%
Energy2.9%
Utilities2.7%
Materials2.1%
Real Estate1.7%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestJuly 19, 2013 to November 2, 2026	+14.5%	+13.8%	0.80	0.77	−31.2%	1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026	+14.2%	+13.9%	0.67	0.66	−31.2%	1.01
Last three yearsNovember 3, 2023 to November 2, 2026	+21.6%	+21.8%	1.14	1.16	−17.4%	1.01
Last yearNovember 7, 2025 to November 2, 2026	+14.7%	+14.2%	0.89	0.84	−9.0%	0.96

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.