Q2 2026 13F · SEC CIK 1570396

Lipe & Dalton

Wealth managerFiled 2026-07-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $215.1M
Reported positions: 94
Top holdings a year, 3 yrs: +18.1%
Assets under management: $779.9M

Lipe & Dalton is a wealth manager that reported 94 positions worth $215.1M in its Q2 2026 13F, filed 2026-07-14. Its largest holdings were Apple Inc (AAPL, 8.7%), Alphabet Inc (GOOG, 8.1%), Goldman Sachs Group Inc (GS, 6.5%). A portfolio copying its top holdings returned 18.1% a year over the last 3 years, against 20.4% for the S&P 500.

Lipe & Dalton holdings largest 50 of 94 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Lipe & Dalton 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AAPLApple Inc	8.7%	8.7%	64,456	-1.7%	$18.7M
GOOGAlphabet Inc	8.1%	7.6%	49,227	-2.9%	$17.4M
GSGoldman Sachs Group Inc	6.5%	6.4%	13,887	-3.2%	$14.0M
CMCanadian Imperial Bank of Co	4.0%	3.8%	74,660	-1.4%	$8.6M
INTCIntel Corp	3.6%	2.1%	56,094	-38.6%	$7.8M
BNBrookfield Corp	3.3%	3.6%	164,830	-2.3%	$7.0M
TELTe Connectivity PLC	3.1%	3.7%	32,908	-1.5%	$6.6M
SNASnap-on Inc.	2.8%	2.9%	15,130	-1.4%	$6.1M
BABoeing Co	2.7%	2.9%	27,116	-1.8%	$5.9M
RTXRtx Corporation Com	2.3%	2.6%	25,782	-1.6%	$4.9M
AMZNAmazon Com Inc Com	2.3%	2.3%	20,403	-2.9%	$4.9M
BRK-BBerkshire Hathaway Inc Del	2.2%	—	9,315	—	$4.7M
ABBVAbbvie Inc	2.1%	2.1%	18,365	-1.3%	$4.6M
HSYHershey Co.	2.1%	2.9%	26,212	-1.7%	$4.6M
DEDeere & Co Com	2.1%	2.1%	7,243	-0.3%	$4.6M
BWABorgwarner Inc	2.1%	2.0%	67,775	-2.6%	$4.5M
EMREmerson Elec Co Com	2.1%	2.2%	31,375	-2.2%	$4.5M
TMOThermo Fisher Scientific Inc	2.0%	2.2%	8,533	-2.4%	$4.3M
YUMYum Brands Inc	1.9%	2.1%	25,832	-1.4%	$4.1M
DHRDanaher Corporation	1.9%	2.0%	21,358	+4.4%	$4.1M
MSMorgan Stanley Com New	1.9%	1.8%	19,101	-6.9%	$4.0M
MASMasco Corp.	1.9%	1.6%	48,955	-2.1%	$4.0M
ETNEaton Corp PLC	1.8%	1.7%	8,840	-4.2%	$3.8M
BAXBaxter Intl Inc	1.6%	1.4%	165,983	+6.0%	$3.5M
TRPTc Energy Corp	1.5%	1.7%	50,022	-2.2%	$3.3M
OKEOneok Inc	1.5%	1.8%	36,530	-1.5%	$3.2M
AMGNAmgen Inc Com	1.3%	1.4%	7,427	-2.2%	$2.7M
JKHYHenry Jack & Assoc Inc	1.2%	1.6%	18,755	-2.0%	$2.6M
CVSCvs Caremark Corporation	1.1%	0.9%	23,870	-2.0%	$2.5M
HPQHp Inc	1.1%	—	107,477	—	$2.4M
MLMMartin Marietta Matls Inc	1.1%	1.2%	3,963	+0.0%	$2.3M
VVisa Inc Com Cl A	1.0%	1.1%	6,463	-3.7%	$2.2M
LYBLyondellBasell Industries NV	1.0%	1.8%	41,470	-2.5%	$2.2M
LMTLockheed Martin Corp Com	1.0%	1.4%	4,180	-3.9%	$2.1M
MSFTMicrosoft Corp	1.0%	1.1%	5,653	+1.3%	$2.1M
JNJJohnson & Johnson	1.0%	1.1%	8,092	-3.0%	$2.1M
FFIVF5 Inc	0.9%	0.7%	4,580	-5.6%	$1.9M
VRTXVertex Pharmaceuticals Inc	0.9%	0.9%	3,761	-5.9%	$1.9M
BAMBrookfield Asset Management	0.8%	1.0%	40,091	-10.5%	$1.8M
METAMeta Platforms Inc Class A	0.7%	0.8%	2,554	-2.9%	$1.4M
JJacobs Solutions Inc	0.6%	0.7%	10,279	+0.0%	$1.3M
MRKMerck & Co. Inc	0.6%	0.6%	9,883	-1.4%	$1.3M
WFCWells Fargo Co New	0.6%	0.6%	14,838	+0.0%	$1.2M
CIThe Cigna Group	0.6%	0.7%	4,437	-5.8%	$1.2M
ORCLOracle Corp	0.5%	0.6%	7,421	+0.0%	$1.1M
CARRCarrier Global Corporation	0.5%	0.4%	13,962	-2.3%	$1.0M
KLACKla Corp	0.4%	—	3,000	—	$905K
BKNGBooking Holdings Inc Com	0.4%	—	4,650	—	$829K
NVDANvidia Corporation Com	0.4%	0.4%	3,951	+0.0%	$791K
VZVerizon Communications Inc Com	0.3%	0.4%	16,683	+0.0%	$706K

What Lipe & Dalton bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +29.5% /yr; S&P 500 +20.1%
3 years: +18.1% /yr; S&P 500 +20.4%
5 years: +9.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$215.1M	94
Q1 2026	$191.0M	92
Q4 2025	$202.4M	95
Q3 2025	$201.8M	93
Q2 2025	$185.0M	89
Q1 2025	$178.7M	88
Q4 2024	$188.5M	93
Q3 2024	$198.0M	101
Q2 2024	$185.9M	97
Q1 2024	$194.0M	105
Q4 2023	$184.3M	103
Q3 2023	$166.2M	99

Questions about Lipe & Dalton's portfolio

What stocks does Lipe & Dalton own?

Lipe & Dalton's latest 13F, for Q2 2026 and filed Jul 14, 2026, lists 94 positions worth $215.1M. The largest are Apple Inc (AAPL) at 8.7%, Alphabet Inc (GOOG) at 8.1%, Goldman Sachs Group Inc (GS) at 6.5%, Canadian Imperial Bank of Co (CM) at 4.0% and Intel Corp (INTC) at 3.6%.

What did Lipe & Dalton buy last quarter?

In Q2 2026, Lipe & Dalton added Baxter Intl Inc (BAX) (+6.0% shares), compared with its Q1 2026 filing.

What did Lipe & Dalton sell last quarter?

In Q2 2026, Lipe & Dalton cut from its top 50 Medtronic PLC (MDT), cut from its top 50 The Kroger Co (KR), cut from its top 50 Ge Healthcare Technologies I (GEHC), cut from its top 50 Veralto Corp (VLTO), Intel Corp (INTC) (-38.6% shares), Brookfield Asset Management (BAM) (-10.5% shares) and Morgan Stanley Com New (MS) (-6.9% shares), compared with its Q1 2026 filing.

How has Lipe & Dalton's portfolio performed?

A portfolio copying Lipe & Dalton's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +29.5% against +20.1%. Over 5 years: +9.4% a year against +11.6%.

When is Lipe & Dalton's next 13F filing due?

13F filings are due 45 days after each quarter ends. Lipe & Dalton's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Lipe & Dalton manage?

Lipe & Dalton reported $779.9M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $215.1M.