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Stack Financial Management, Inc — 13F Holdings & Portfolio

CIK 1308685 · latest 13F-HR filed 2026-11-02

Backtest portfolio

Stack Financial Management, Inc manages $1.44B in 13F-reported U.S. long-equity assets across 53 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SH (10.96%), WMT (7.31%), GMOI (6.56%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 2 new positions and exited 3; 18 existing positions rose in reported value and 19 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$1.44B

Long-equity book

Holdings
53

Distinct positions

Period
2026-09-30

Filed 2026-11-02

Q/Q Activity
+2 / −3 / ↑18 / ↓19

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
SH11.0% · +75%WMT7.3% · -0%GMOI6.6% · newMSFT6.2% · -8%PWR4.1% · -0%BRK.B4.1% · -1%PSX3.8% · +0%CVX3.8% · +2%WPM2.5% · -0%AEP2.3% · -0%LHX2.3% · -2%MRK2.1% · -2%ABBV2.1% · -0%WM2.1% · -0%CBOE2.0% · +0%JNJ1.9% · -1%KO1.9% · -1%EOG1.9% · +1%T1.6% · +1%NEE1.6% · -1%EMR1.6% · +0%CAH1.6% · -1%COP1.6% · +2%PCAR1.6% · -1%LMT1.6% · -1%LH1.5% · -0%DUK1.5% · -1%UPS1.4% · -1%VZ1.4% · newSYK1.4% · -0%CI1.4% · -2%MDLZ1.3% · -0%CCK1.3% · +0%DHR1.2% · -1%BKR1.1% · +1%AEE1.1% · -1%MDT1.0% · -2%PEP1.0% · -0%ACN1.0% · +0%DOV1.0% · -0%PG1.0% · -1%UNP1.0% · -1%AAPL0.1% · -6%SPY0.1% · -1%GDX0.1% · -0%GOOGL0.0% · -1%GOOG0.0% · 0%CNP0.0% · -98%AEM0.0% · -26%INTC0.0% · 0%XLE0.0% · -5%XLV0.0% · -8%XLI0.0% · -26%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 51.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 18, 2026.

Assets Under Management
$1.99B
Discretionary
$1.99B
Employees
14
Accounts
1,524
Address
625 WISCONSIN AVENUE
WHITEFISH, MT 59937-2129
Phone
(406) 862-8000
Website
Name Title / Status Ownership Type
DANCZYK, ANNELL, MCKEE ControlVICE PRESIDENT, SENIOR PORTFOLIO MANAGER, DIRECTOR
since Aug 2022
10–25%Individual
HETRICK, CATHERINE, MARIE ControlMANAGING PARTNER
since Aug 2022
5–10%Individual
JONSON, ZACH ControlVICE PRESIDENT, CHIEF INVESTMENT OFFICER, DIRECTOR
since Aug 2025
10–25%Individual
LASZEWSKI, JOSEPH, MICHAEL ControlSENIOR PORTFOLIO MANAGER
since Dec 2017
5–10%Individual
MORREIM, JEANINE, LYNETTE ControlCHIEF COMPLIANCE OFFICER
since Jul 2021
5–10%Individual
STACK, JAMES, BRYAN ControlPRESIDENT, CHIEF EXECUTIVE OFFICER, DIRECTOR
since Jan 1994
25–50%Individual
STACK, LISA, ANN ControlSECRETARY/TREASURER, MANAGING PARTNER, DIRECTOR
since Jan 2020
5–10%Individual
Ownership & leadership changes · 10 filings with changes since Mar 26, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 18, 2026 filing
  • No longer listedJones, Kent, Millard · CHIEF FINANCIAL OFFICER · Less than 5% · control person · listed since Jun 2020
  • ChangedHETRICK, CATHERINE, MARIE · title MANAGING PARTNER, DIRECTOR → MANAGING PARTNER
  • ChangedJONSON, ZACH · title CHIEF INVESTMENT OFFICER → VICE PRESIDENT, CHIEF INVESTMENT OFFICER, DIRECTOR
Oct 11, 2024 filing
  • ChangedJONSON, ZACH · ownership 5–10% → 10–25%
  • ChangedMORREIM, JEANINE, LYNETTE · ownership Less than 5% → 5–10%
  • ChangedSTACK, LISA, ANN · ownership 10–25% → 5–10%
Feb 1, 2023 filing
  • ChangedDANCZYK, ANNELL, MCKEE · title SENIOR PORTFOLIO MANAGER, DIRECTOR OF ADVISORY SERVICES, DIRECTOR → VICE PRESIDENT, SENIOR PORTFOLIO MANAGER, DIRECTOR
  • ChangedHETRICK, CATHERINE, MARIE · title VICE PRESIDENT, MANAGING PARTNER, DIRECTOR → MANAGING PARTNER, DIRECTOR
  • ChangedSTACK, JAMES, BRYAN · ownership 50–75% → 25–50%
  • ChangedSTACK, LISA, ANN · ownership Less than 5% → 10–25%
Jul 28, 2021 filing
  • AddedDANCZYK, ANNELL, MCKEE · SENIOR PORTFOLIO MANAGER, DIRECTOR OF ADVISORY SERVICES, DIRECTOR · 10–25% · control person
  • AddedJONSON, ZACH · CHIEF INVESTMENT OFFICER · 5–10% · control person
  • AddedLASZEWSKI, JOSEPH, MICHAEL · SENIOR PORTFOLIO MANAGER · 5–10% · control person
  • AddedMORREIM, JEANINE, LYNETTE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedHETRICK, CATHERINE, MARIE · title VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, DIRECTOR → VICE PRESIDENT, MANAGING PARTNER, DIRECTOR
  • ChangedSTACK, JAMES, BRYAN · ownership 75% or more → 50–75%
Mar 5, 2021 filing
  • ChangedHETRICK, CATHERINE, MARIE · ownership Less than 5% → 5–10%
  • ChangedSTACK, JAMES, BRYAN · title PRESIDENT, DIRECTOR → PRESIDENT, CHIEF EXECUTIVE OFFICER, DIRECTOR
  • ChangedSTACK, LISA, ANN · title CORPORATE SECRETARY, CHIEF FINANCIAL OFFICER, DIRECTOR → SECRETARY/TREASURER, MANAGING PARTNER, DIRECTOR
Jun 24, 2020 filing
  • ChangedJones, Kent, Millard · title CHIEF OPERATING OFFICER, DIRECTOR OF FINANCE → CHIEF FINANCIAL OFFICER
Mar 23, 2020 filing
  • AddedJones, Kent, Millard · CHIEF OPERATING OFFICER, DIRECTOR OF FINANCE · Less than 5% · control person
Oct 22, 2015 filing
  • No longer listedFALKNER, NANCY, DENISE · VICE PRESIDENT, DIRECTOR · 5–10% · control person · listed since Sep 2012
  • ChangedHETRICK, CATHERINE, MARIE · title CHIEF COMPLIANCE OFFICER, CORPORATE SECRETARY → VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, DIRECTOR; now a control person
  • ChangedSTACK, LISA, ANN · title CHIEF FINANCIAL OFFICER, DIRECTOR → CORPORATE SECRETARY, CHIEF FINANCIAL OFFICER, DIRECTOR
Mar 20, 2013 filing
  • ChangedFALKNER, NANCY, DENISE · title VICE PRESIDENT AND DIRECTOR OF OPERATIONS, DIRECTOR → VICE PRESIDENT, DIRECTOR; ownership Less than 5% → 5–10%
  • ChangedHETRICK, CATHERINE, MARIE · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, CORPORATE SECRETARY
Sep 21, 2012 filing
  • ChangedFALKNER, NANCY, DENISE · title DIRECTOR, DIRECTOR OF OPERATIONS → VICE PRESIDENT AND DIRECTOR OF OPERATIONS, DIRECTOR
  • ChangedHETRICK, CATHERINE, MARIE · title DIRECTOR, CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER; no longer a control person
  • ChangedSTACK, JAMES, BRYAN · title PRESIDENT → PRESIDENT, DIRECTOR
  • ChangedSTACK, LISA, ANN · title DIRECTOR, CHIEF FINANCIAL OFFICER → CHIEF FINANCIAL OFFICER, DIRECTOR
Older changes (1 more filing)
Mar 26, 2012 filing (earliest on record)
  • ListedFALKNER, NANCY, DENISE · DIRECTOR, DIRECTOR OF OPERATIONS · Less than 5% · control person
  • ListedHETRICK, CATHERINE, MARIE · DIRECTOR, CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedSTACK, JAMES, BRYAN · PRESIDENT · 75% or more · control person
  • ListedSTACK, LISA, ANN · DIRECTOR, CHIEF FINANCIAL OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 18 →

Top Trims

Show all 19 →

New Positions

Show all 2 →

Exited Positions

Show all 3 →

Stack Financial Management, Inc Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 PROSHARES TR SH 74349Y753 $157.6M 10.96% 4,865,505 SH
2 WALMART INC WMT 931142103 $105.1M 7.31% 1,011,376 SH
3 GMO ETF TRUST GMOI 90139K407 $94.3M 6.56% 2,378,592 SH
4 MICROSOFT CORP MSFT 594918104 $88.6M 6.16% 172,651 SH
5 QUANTA SVCS INC PWR 74762E102 $59.5M 4.14% 92,614 SH
6 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $59.0M 4.10% 118,498 SH
7 PHILLIPS 66 PSX 718546104 $55.0M 3.82% 215,290 SH
8 CHEVRON CORPORATION CVX 166764100 $54.7M 3.80% 267,876 SH
9 WHEATON PRECIOUS METALS CORP WPM 962879102 $35.8M 2.49% 267,449 SH
10 AMERICAN ELEC PWR CO INC AEP 025537101 $33.3M 2.32% 280,982 SH
11 L3HARRIS TECHNOLOGIES INC LHX 502431109 $33.1M 2.30% 139,620 SH
12 MERCK & CO INC MRK 58933Y105 $30.4M 2.11% 208,988 SH
13 ABBVIE INC ABBV 00287Y109 $30.2M 2.10% 115,388 SH
14 WASTE MGMT INC DEL WM 94106L109 $29.5M 2.05% 144,871 SH
15 CBOE GLOBAL MKTS INC CBOE 12503M108 $28.2M 1.96% 102,268 SH
16 JOHNSON & JOHNSON JNJ 478160104 $27.4M 1.90% 103,403 SH
17 COCA COLA CO KO 191216100 $27.3M 1.90% 317,228 SH
18 EOG RES INC EOG 26875P101 $26.8M 1.86% 194,406 SH
19 AT&T INC T 00206R102 $23.5M 1.63% 961,303 SH
20 NEXTERA ENERGY INC NEE 65339F101 $23.4M 1.63% 309,478 SH
21 EMERSON ELEC CO EMR 291011104 $23.4M 1.63% 150,712 SH
22 CARDINAL HEALTH INC CAH 14149Y108 $22.9M 1.59% 102,815 SH
23 CONOCOPHILLIPS COP 20825C104 $22.7M 1.58% 181,356 SH
24 PACCAR INC PCAR 693718108 $22.5M 1.56% 204,578 SH
25 LOCKHEED MARTIN CORP LMT 539830109 $22.4M 1.55% 43,892 SH
26 LABCORP HOLDINGS INC LH 504922105 $22.0M 1.53% 71,470 SH
27 DUKE ENERGY CORP NEW DUK 26441C204 $21.7M 1.51% 190,484 SH
28 UNITED PARCEL SVCS INC UPS 911312106 $20.4M 1.42% 218,832 SH
29 VERIZON COMMUNICATIONS INC VZ 92343V104 $20.3M 1.41% 442,375 SH
30 STRYKER CORPORATION SYK 863667101 $20.0M 1.39% 72,488 SH
31 THE CIGNA GROUP CI 125523100 $19.6M 1.36% 71,961 SH
32 MONDELEZ INTL INC MDLZ 609207105 $19.1M 1.32% 329,536 SH
33 CROWN HLDGS INC CCK 228368106 $18.0M 1.25% 170,972 SH
34 DANAHER CORP DEL DHR 235851102 $16.9M 1.18% 76,357 SH
35 BAKER HUGHES COMPANY BKR 05722G100 $15.9M 1.11% 289,848 SH
36 AMEREN CORP AEE 023608102 $15.3M 1.06% 154,097 SH
37 MEDTRONIC PLC MDT G5960L103 $15.1M 1.05% 174,920 SH
38 PEPSICO INC PEP 713448108 $14.9M 1.04% 117,662 SH
39 ACCENTURE PLC IRELAND ACN G1151C101 $14.6M 1.01% 79,398 SH
40 DOVER CORP DOV 260003108 $14.4M 1.00% 76,723 SH
41 PROCTER & GAMBLE CO PG 742718109 $13.7M 0.95% 94,419 SH
42 UNION PAC CORP UNP 907818108 $13.7M 0.95% 50,382 SH
43 APPLE INC AAPL 037833100 $1.7M 0.12% 5,187 SH
44 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $1.2M 0.08% 1,583 SH
45 VANECK ETF TRUST GDX 92189F106 $739.5K 0.05% 8,422 SH
46 ALPHABET INC GOOGL 02079K305 $509.2K 0.04% 1,480 SH
47 ALPHABET INC GOOG 02079K107 $450.1K 0.03% 1,321 SH
48 CENTERPOINT ENERGY INC CNP 15189T107 $398.9K 0.03% 10,840 SH
49 AGNICO EAGLE MINES LTD AEM 008474108 $346.6K 0.02% 1,891 SH
50 INTEL CORP INTC 458140100 $343.6K 0.02% 2,858 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-02 $1.44B 53 0001308685-26-000010
2026-06-30 2026-08-03 $1.28B 54 0001308685-26-000007
2026-03-31 2026-05-04 $1.36B 52 0001308685-26-000005
2025-12-31 2026-02-03 $1.31B 59 0001308685-26-000002
Filer Information
Address
625 WISCONSIN AVENUE
WHITEFISH, MT 59937
Phone
(406) 862-8000
Filing Manager
Stack Financial Management, Inc
WHITEFISH, MT
Signatory
Jeanine L. Morreim
Chief Compliance Officer