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BROWN, LISLE/CUMMINGS, INC. — 13F Holdings & Portfolio

CIK 14745 · latest 13F-HR filed 2026-10-16

Backtest portfolio

BROWN, LISLE/CUMMINGS, INC. manages $453.0M in 13F-reported U.S. long-equity assets across 1,058 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPY (4.27%), GOOGL (4.02%), AAPL (3.66%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 30 new positions and exited 26; 272 existing positions rose in reported value and 458 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.

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AUM
$453.0M

Long-equity book

Holdings
1,058

Distinct positions

Period
2026-09-30

Filed 2026-10-16

Q/Q Activity
+30 / −26 / ↑272 / ↓458

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SPY4.3% · +0%GOOGL4.0% · +1%AAPL3.7% · -0%MSFT3.4% · -3%AMZN3.1% · -0%ICE2.3% · +0%GOOG2.3% · -2%AMGN2.2% · 0%BIL2.1% · +25%JPM1.8% · +1%META1.6% · +0%ABBV1.6% · -4%NVDA1.6% · -0%CNI1.5% · +1%BRK.B1.4% · +8%VRT1.4% · +3%TMO1.3% · -1%ARCC1.3% · +14%CMI1.1% · -2%PANW1.1% · -1%MRK1.0% · -1%XOM1.0% · -3%TXN1.0% · 0%DE0.9% · -1%WPC0.9% · +4%ECL0.9% · -1%JNJ0.9% · +6%LLY0.8% · -8%LHX0.8% · -2%MRSH0.8% · 0%BX0.8% · +0%BSX0.7% · -4%V0.7% · -1%CVX0.7% · -1%ACN0.7% · -20%COST0.7% · -1%NFLX0.7% · -2%SUB0.6% · 0%RTX0.6% · -1%SPYI0.6% · +9%VHT0.6% · +15%XLI0.6% · +0%VEU0.5% · +20%EFAA0.5% · +8%TSLA0.5% · -0%NVO0.5% · -0%CSCO0.5% · -0%BAC0.5% · -1%CAT0.5% · +2%ASML0.5% · 0%GLW0.5% · -0%IWF0.5% · +0%PFE0.4% · -5%VV0.4% · 0%VEEV0.4% · -4%SYK0.4% · -1%LMT0.4% · +0%WASH0.4% · -5%VTI0.4% · +8%SYY0.4% · -5%

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 = 29.2%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 26, 2026.

Assets Under Management
$487.3M
Discretionary
$480.6M
Employees
13
Accounts
490
Address
56 EXCHANGE TERRACE
SUITE 300
PROVIDENCE, RI 02903-1772
Phone
(401) 421-8900
Website
Mailing Address
56 EXCHANGE TER STE 300, PROVIDENCE, RI, 02903-1772
This firm reports 4 disclosure items on its registration.
Name Title / Status Ownership Type
IZZI, DAVID ANTHONY ControlPRESIDENT; SECRETARY; TREASURER; CHIEF COMPLIANCE OFFICER
since Jan 1997
10–25%Individual
LISLE, SCOTT SAWYER ControlVICE PRESIDENT
since Jan 2008
10–25%Individual
MARGINSON, JOHN ARTHUR ControlVICE PRESIDENT
since Jan 1997
10–25%Individual
MCGINN, JOSEPH HUGH JR ControlVICE PRESIDENT
since Jan 2011
10–25%Individual
MURPHY, LOUIS GEORGE JR ControlVICE PRESIDENT
since Jan 2001
10–25%Individual
TRACY, CLIFFORD BURRELL JR ControlVICE PRESIDENT
since Jan 2022
10–25%Individual
Ownership & leadership changes · 1 filing with changes since Apr 6, 2021

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 8, 2022 filing
  • AddedTRACY, CLIFFORD BURRELL JR · VICE PRESIDENT · 10–25% · control person
Apr 6, 2021 filing (earliest on record)
  • ListedIZZI, DAVID ANTHONY · PRESIDENT; SECRETARY; TREASURER; CHIEF COMPLIANCE OFFICER · 10–25% · control person
  • ListedLISLE, SCOTT SAWYER · VICE PRESIDENT · 10–25% · control person
  • ListedMARGINSON, JOHN ARTHUR · VICE PRESIDENT · 10–25% · control person
  • ListedMCGINN, JOSEPH HUGH JR · VICE PRESIDENT · 10–25% · control person
  • ListedMURPHY, LOUIS GEORGE JR · VICE PRESIDENT · 10–25% · 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.

BROWN, LISLE/CUMMINGS, 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 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $19.3M 4.27% 25,348 SH
2 ALPHABET INC GOOGL 02079K305 $18.2M 4.02% 52,898 SH
3 APPLE INC AAPL 037833100 $16.6M 3.66% 49,742 SH
4 MICROSOFT CORP MSFT 594918104 $15.3M 3.39% 29,917 SH
5 AMAZON COM INC AMZN 023135106 $13.9M 3.06% 55,600 SH
6 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $10.4M 2.31% 68,736 SH
7 ALPHABET INC GOOG 02079K107 $10.3M 2.27% 30,183 SH
8 AMGEN INC AMGN 031162100 $10.2M 2.24% 24,121 SH
9 SPDR SERIES TRUST BIL 78468R663 $9.6M 2.12% 104,961 SH
10 JPMORGAN CHASE &CO JPM 46625H100 $8.3M 1.83% 25,051 SH
11 META PLATFORMS INC META 30303M102 $7.3M 1.62% 10,096 SH
12 ABBVIE INC ABBV 00287Y109 $7.3M 1.61% 27,953 SH
13 NVIDIA CORPORATION NVDA 67066G104 $7.1M 1.57% 31,097 SH
14 CANADIAN NATL RY CO CNI 136375102 $6.6M 1.45% 55,358 SH
15 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $6.6M 1.45% 13,167 SH
16 VERTIV HOLDINGS CO VRT 92537N108 $6.2M 1.37% 25,719 SH
17 THERMO FISHER SCIENTIFIC INC TMO 883556102 $6.1M 1.34% 9,020 SH
18 ARES CAPITAL CORP ARCC 04010L103 $5.8M 1.28% 302,619 SH
19 CUMMINS INC CMI 231021106 $4.9M 1.09% 9,582 SH
20 PALO ALTO NETWORKS INC PANW 697435105 $4.9M 1.09% 12,397 SH
21 MERCK &CO INC MRK 58933Y105 $4.8M 1.05% 32,689 SH
22 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $4.6M 1.01% 28,182 SH
23 TEXAS INSTRS INC TXN 882508104 $4.6M 1.01% 16,271 SH
24 DEERE &CO DE 244199105 $4.2M 0.93% 6,281 SH
25 WP CAREY INC WPC 92936U109 $4.2M 0.92% 64,605 SH
26 ECOLAB INC ECL 278865100 $3.9M 0.87% 14,375 SH
27 JOHNSON &JOHNSON JNJ 478160104 $3.9M 0.87% 14,805 SH
28 ELI LILLY &CO LLY 532457108 $3.5M 0.77% 3,033 SH
29 L3HARRIS TECHNOLOGIES INC LHX 502431109 $3.5M 0.77% 14,775 SH
30 MARSH &MCLENNAN COS INC MRSH 571748102 $3.5M 0.77% 20,401 SH
31 BLACKSTONE INC BX 09260D107 $3.4M 0.76% 30,637 SH
32 BOSTON SCIENTIFIC CORP BSX 101137107 $3.2M 0.72% 74,265 SH
33 VISA INC V 92826C839 $3.2M 0.71% 8,951 SH
34 CHEVRON CORPORATION CVX 166764100 $3.1M 0.69% 15,312 SH
35 ACCENTURE PLC IRELAND ACN G1151C101 $3.1M 0.68% 16,884 SH
36 COSTCO WHOLESALE CORPORATION COST 22160K105 $3.0M 0.67% 3,342 SH
37 NETFLIX INC. NFLX 64110L106 $3.0M 0.66% 42,863 SH
38 ISHARES TR SUB 464288158 $2.9M 0.64% 27,927 SH
39 RTX CORPORATION RTX 75513E101 $2.8M 0.63% 15,333 SH
40 NEOS ETF TRUST SPYI 78433H303 $2.7M 0.59% 50,510 SH
41 VANGUARD WORLD FD VHT 92204A504 $2.6M 0.57% 8,105 SH
42 SELECT SECTOR SPDR TR XLI 81369Y704 $2.6M 0.56% 15,308 SH
43 VANGUARD INTL EQUITY INDEX F VEU 922042775 $2.4M 0.53% 29,192 SH
44 INVESCO ACTIVELY MANAGED EXC EFAA 46090A713 $2.3M 0.51% 41,984 SH
45 TESLA INC TSLA 88160R101 $2.3M 0.51% 6,472 SH
46 NOVO-NORDISK A S NVO 670100205 $2.2M 0.49% 59,074 SH
47 CISCO SYS INC CSCO 17275R102 $2.2M 0.49% 20,519 SH
48 BANK OF AMER CORP BAC 060505104 $2.1M 0.46% 38,683 SH
49 CATERPILLAR INC CAT 149123101 $2.1M 0.46% 2,591 SH
50 ASML HLDG NV ASML N07059210 $2.1M 0.46% 1,152 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-16 $453.0M 1,058 0000014745-26-000007
2026-06-30 2026-09-02 $445.8M 1,054 0000014745-26-000006
2026-03-31 2026-04-20 $400.4M 1,021 0000014745-26-000003
2025-12-31 2026-01-23 $405.9M 742 0000014745-26-000001
Filer Information
Address
56 EXCHANGE TERRACE SUITE 300
PROVIDENCE, RI 02903-1772
Phone
(401) 421-8900
Filing Manager
BROWN, LISLE/CUMMINGS, INC.
PROVIDENCE, RI
Signatory
David Izzi
President and CCO