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Curbstone Financial Management Corp — 13F Holdings & Portfolio

CIK 1608057 · latest 13F-HR filed 2026-04-15

Backtest portfolio

Curbstone Financial Management Corp manages $522.6M in 13F-reported U.S. long-equity assets across 202 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are FLRN (7.48%), SCHF (3.89%), MDY (3.68%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 10 new positions, exited 9, added to 59, and trimmed 57.

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

$522.6M

Long-equity book

Holdings

202

Distinct positions

Period

2026-03-31

Filed 2026-04-15

Q/Q Activity

+10 / −9 / ↑59 / ↓57

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • Schwab US Dividend Equity ETF$2.1M +15.4%
  • Exxon Mobil Corp (XOM)$1.8M +37.1%
  • Hyster-Yale Inc (HY)$1.3M +59.9%
  • Schwab US Mid Cap ETF (SCHM)$981.0K +6.6%
  • Johnson & Johnson (JNJ)$846.7K +15.8%
Show all 59 →

Top Trims

  • Microsoft Corp (MSFT)-$2.4M -22.6%
  • Schwab US Large Cap Growth ETF-$1.6M -9.6%
  • Apple Inc (AAPL)-$1.5M -9.1%
  • Alphabet Inc Class C (GOOG)-$1.4M -12.5%
  • Vanguard S&P 500 ETF (VOO)-$1.1M -6.4%
Show all 57 →

New Positions

  • iShares iBonds Muni 2031 (IBMT$590.3K
  • Valero Energy Corp (VLO)$491.7K
  • Lockheed Martin Corp (LMT)$487.1K
  • iShares iBonds 2027 Corp ETF ($448.2K
  • Duke Energy Corp (DUK)$435.0K
Show all 10 →

Exited Positions

  • Vanguard Extended Market ETF ($840.7K
  • ALPS Smith Core Plus Bond ETF$557.0K
  • iShares Intrm Govt/Credit Bond$542.1K
  • Accenture PLC Ireland Class A$501.2K
  • Chewy Cl A (CHWY)$407.2K
Show all 9 →
All Holdings

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 SPDR Bloomberg Inter Floating FLRN 78468R200 $39.1M 7.48% 1,270,626 SH
2 Schwab International Equity ET SCHF 808524805 $20.3M 3.89% 821,161 SH
3 SPDR S&P Mid Cap 400 ETF (MDY) MDY 78467Y107 $19.2M 3.68% 31,188 SH
4 Vanguard Short Ter Corp Bd ETF VCSH 92206C409 $16.6M 3.17% 208,934 SH
5 Schwab US Mid Cap ETF (SCHM) SCHM 808524508 $16.0M 3.05% 515,319 SH
6 Vanguard S&P 500 ETF (VOO) VOO 922908363 $15.5M 2.97% 25,972 SH
7 Schwab US Dividend Equity ETF SCHD 808524797 $15.5M 2.97% 505,810 SH
8 Apple Inc (AAPL) AAPL 037833100 $15.3M 2.93% 60,431 SH
9 Schwab US Large Cap Growth ETF SCHG 808524300 $14.9M 2.86% 512,255 SH
10 Vanguard Intermediate Corp ETF VCIT 92206C870 $11.2M 2.15% 135,928 SH
11 Alphabet Inc Class C (GOOG) GOOG 02079K107 $9.8M 1.87% 34,027 SH
12 Schwab US Small Cap ETF (SCHA) SCHA 808524607 $9.5M 1.82% 327,468 SH
13 Microsoft Corp (MSFT) MSFT 594918104 $8.2M 1.57% 22,128 SH
14 Schwab US Broad Mkt ETF (SCHB) SCHB 808524102 $7.6M 1.45% 302,522 SH
15 Invesco SP 500 Equal Weight ET RSP 46137V357 $7.6M 1.45% 39,467 SH
16 Amazon Inc (AMZN) AMZN 023135106 $7.2M 1.39% 34,790 SH
17 Schwab US Large Cap ETF (SCHX) SCHX 808524201 $7.1M 1.37% 278,800 SH
18 Exxon Mobil Corp (XOM) XOM 30231G102 $6.6M 1.26% 38,964 SH
19 JP Morgan Chase & Co (JPM) JPM 46625H100 $6.3M 1.21% 21,420 SH
20 Johnson & Johnson (JNJ) JNJ 478160104 $6.2M 1.19% 25,366 SH
21 IShares TIPS ETF (TIP) TIP 464287176 $5.9M 1.13% 53,340 SH
22 Cisco Systems (CSCO) CSCO 17275R102 $5.8M 1.11% 74,762 SH
23 Schwab US TIPS ETF (SCHP) SCHP 808524870 $5.4M 1.04% 204,170 SH
24 TJX Companies (TJX) TJX 872540109 $5.2M 0.99% 32,424 SH
25 IShares Nat'l Muni Bond ETF (M MUB 464288414 $5.0M 0.95% 46,992 SH
26 Barings Corporate Investors (M MCI 06759X107 $5.0M 0.95% 289,134 SH
27 RTX Corp (RTX) RTX 75513E101 $4.8M 0.92% 24,988 SH
28 JPMorgan BetaBuilders Europe E BBEU 46641Q191 $4.6M 0.89% 63,980 SH
29 Schwab US Aggregate Bond ETF ( SCHZ 808524839 $4.4M 0.83% 187,500 SH
30 IShares Short Term Nat'l Muni SUB 464288158 $4.3M 0.82% 40,460 SH
31 SPDR S&P 500 ETF (SPY) SPY 78462F103 $4.1M 0.78% 6,299 SH
32 Berkshire Hathaway B (BRKB) BRK.B 084670702 $4.0M 0.76% 8,278 SH
33 IShares MSCI EAFE ETF (EFA) EFA 464287465 $3.9M 0.74% 39,833 SH
34 Vanguard Small Cap Growth ETF VBK 922908595 $3.7M 0.70% 12,130 SH
35 iShares Preferred Income Sec E PFF 464288687 $3.6M 0.69% 119,793 SH
36 Pepsico (PEP) PEP 713448108 $3.6M 0.69% 23,328 SH
37 Hyster-Yale Inc (HY) HY 449172105 $3.5M 0.67% 107,398 SH
38 VISA Inc CL A (V) V 92826C839 $3.4M 0.65% 11,182 SH
39 Nvidia (NVDA) NVDA 67066G104 $3.4M 0.64% 19,270 SH
40 iShares 1-5 Yr Inv Grade Corp IGSB 464288646 $3.3M 0.64% 63,190 SH
41 Procter & Gamble (PG) PG 742718109 $3.1M 0.59% 21,390 SH
42 Eli Lilly (LLY) LLY 532457108 $3.1M 0.59% 3,352 SH
43 Schwab Emerging Mkts Equity ET SCHE 808524706 $3.0M 0.58% 91,744 SH
44 Nacco Industries Cl A (NC) NC 629579103 $3.0M 0.57% 57,542 SH
45 Merck & Co (MRK) MRK 58933Y105 $2.9M 0.55% 24,064 SH
46 Chevron Corp (CVX) CVX 166764100 $2.8M 0.53% 13,406 SH
47 Alphabet Inc Class A (GOOGL) GOOGL 02079K305 $2.7M 0.51% 9,278 SH
48 Phillips 66 (PSX) PSX 718546104 $2.6M 0.50% 14,454 SH
49 iShares CORE S&P 500 ETF (IVV) IVV 464287200 $2.6M 0.50% 3,976 SH
50 Hamilton Beach Brands Class A HBB 40701T104 $2.6M 0.50% 136,898 SH
Filing History
Period Filed AUM Holdings Accession
2026-03-31 2026-04-15 $522.6M 202 0001608057-26-000004
2025-12-31 2026-01-23 $522.7M 201 0001608057-26-000002