Q2 2026 13F · SEC CIK 1567889

Telos Capital Management, Inc.

Wealth managerFiled 2026-07-22 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.1B
Reported positions: 201
Top holdings a year, 3 yrs: +15.6%
Assets under management: $1.6B

Telos Capital Management, Inc. is a wealth manager that reported 201 positions worth $1.1B in its Q2 2026 13F, filed 2026-07-22. Its largest holdings were Apple Inc (AAPL, 5.7%), Vanguard Index Fds (VTI, 3.6%), Qualcomm Inc (QCOM, 2.8%). A portfolio copying its top holdings returned 15.6% a year over the last 3 years, against 20.4% for the S&P 500.

Telos Capital Management, Inc. holdings largest 50 of 201 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.

Telos Capital Management, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AAPLApple Inc	5.7%	5.5%	222,437	-1.2%	$64.4M
VTIVanguard Index Fds	3.6%	3.7%	109,957	-9.3%	$40.7M
QCOMQualcomm Inc	2.8%	2.4%	173,332	-9.2%	$32.0M
GOOGLAlphabet Inc	2.7%	2.4%	87,229	-1.6%	$31.2M
VEUVanguard FTSE All	2.7%	2.6%	359,801	+1.1%	$30.1M
PANWPalo Alto Networks Inc	2.6%	1.3%	84,926	-1.3%	$29.0M
MSMorgan Stanley Com New	2.3%	2.1%	126,507	-3.3%	$26.4M
VEAVanguard Tax-Managed Fds	2.0%	2.0%	316,442	-1.7%	$22.5M
HDHome Depot Inc Com	2.0%	2.0%	63,419	+0.5%	$22.4M
AMZNAmazon Com Inc Com	1.9%	1.9%	90,252	-5.5%	$21.5M
VVisa Inc Com Cl A	1.9%	1.8%	62,524	-0.4%	$21.5M
JPMJpmorgan Chase & Co	1.9%	1.8%	65,314	-0.4%	$21.4M
PEPPepsico Inc	1.8%	2.2%	148,515	+1.1%	$20.1M
GOOGAlphabet Inc	1.7%	1.5%	54,038	-0.8%	$19.1M
EOGEog Res Inc	1.6%	1.9%	141,067	+1.4%	$18.3M
CVXChevron Corp New	1.5%	2.0%	102,892	-0.2%	$17.1M
ASMLAsml Hldg NV	1.5%	1.1%	8,511	-3.4%	$16.9M
COSTCostco Whsl Corp New	1.5%	1.4%	17,695	+19.9%	$16.6M
PGProcter & Gamble Co Com	1.4%	1.6%	112,178	-0.1%	$16.4M
TRVTravelers Companies Inc	1.4%	1.4%	49,145	+0.2%	$16.2M
IVVIshares Core S&p 500 ETF	1.3%	1.3%	20,277	+1.0%	$15.2M
IJHIshares Tr	1.3%	1.2%	193,305	+1.7%	$14.9M
QQQInvesco Qqq Tr	1.3%	1.2%	19,627	-6.3%	$14.5M
BRK-BBerkshire Hathaway Inc Del	1.3%	1.3%	28,718	+0.3%	$14.4M
CSCOCisco Sys Inc	1.2%	0.9%	119,153	-3.9%	$14.0M
CARRCarrier Global Corporation	1.2%	1.0%	187,523	-0.1%	$13.8M
AVDVAvantis International Small Cap Value Et	1.1%	1.2%	126,197	-0.9%	$13.0M
MSFTMicrosoft Corp	1.1%	1.2%	33,964	+2.5%	$12.7M
MAMastercard Inc.	1.1%	1.1%	23,657	+0.0%	$12.2M
VRTXVertex Pharmaceuticals Inc	1.1%	1.0%	24,289	+4.5%	$12.1M
NOCNorthrop Grumman Corp	1.0%	1.4%	23,027	+4.2%	$11.7M
JNJJohnson & Johnson	1.0%	1.1%	46,049	-0.9%	$11.7M
NXPINxp Semiconductors N V	0.9%	0.9%	38,062	-21.0%	$10.7M
ROKRockwell Automation Inc	0.9%	—	20,361	—	$10.1M
RSGRepublic Svcs Inc	0.8%	0.9%	44,998	+2.9%	$9.6M
NOWServicenow Inc Com	0.8%	1.0%	96,183	-0.4%	$9.5M
AMGNAmgen Inc Com	0.8%	0.9%	25,990	-0.1%	$9.4M
PSXPhillips 66	0.8%	1.0%	55,644	-2.0%	$9.4M
WSMWilliams Sonoma Inc	0.8%	—	39,605	—	$9.2M
VCSHVanguard Scottsdale Fds	0.8%	0.8%	115,170	+7.3%	$9.1M
DHRDanaher Corporation	0.8%	0.9%	47,552	+0.5%	$9.1M
IQVIqvia Holdings Inc	0.8%	0.8%	46,755	+0.4%	$9.0M
PNCPnc Finl Svcs Group Inc	0.8%	0.7%	35,571	-2.0%	$8.8M
IJRIshares Core S&p Small Cap ETF	0.8%	—	58,620	—	$8.7M
JJacobs Solutions Inc	0.8%	0.9%	68,539	-5.2%	$8.6M
TELTe Connectivity PLC	0.8%	0.8%	42,514	+2.5%	$8.6M
GSGoldman Sachs Group Inc	0.7%	0.9%	8,374	-27.1%	$8.5M
AEPAmerican Elec Pwr Co Inc	0.7%	0.7%	58,400	-1.8%	$8.0M
AVEMAmerican Centy ETF Tr	0.7%	—	80,020	—	$7.7M
NEENextera Energy Inc Com	0.7%	0.8%	87,769	+1.0%	$7.7M

What Telos Capital Management, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

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

Added to

COST Costco Whsl Corp New+19.9% shares
VCSH Vanguard Scottsdale Fds+7.3% shares

Reduced

GS Goldman Sachs Group Inc-27.1% shares
NXPI Nxp Semiconductors N V-21.0% shares
VTI Vanguard Index Fds-9.3% shares
QCOM Qualcomm Inc-9.2% shares
QQQ Invesco Qqq Tr-6.3% shares
AMZN Amazon Com Inc Com-5.5% shares
J Jacobs Solutions Inc-5.2% shares

Left the top 50

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: +22.8% /yr; S&P 500 +20.1%
3 years: +15.6% /yr; S&P 500 +20.4%
5 years: +7.8% /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	$1.1B	201
Q1 2026	$1.0B	191
Q4 2025	$1.1B	196
Q3 2025	$1.0B	194
Q2 2025	$982.2M	196
Q1 2025	$917.8M	191
Q4 2024	$937.6M	197
Q3 2024	$952.8M	196
Q2 2024	$902.2M	192
Q1 2024	$886.9M	194
Q4 2023	$820.5M	196
Q3 2023	$719.4M	187

Questions about Telos Capital Management, Inc.'s portfolio

What stocks does Telos Capital Management, Inc. own?

Telos Capital Management, Inc.'s latest 13F, for Q2 2026 and filed Jul 22, 2026, lists 201 positions worth $1.1B. The largest are Apple Inc (AAPL) at 5.7%, Vanguard Index Fds (VTI) at 3.6%, Qualcomm Inc (QCOM) at 2.8%, Alphabet Inc (GOOGL) at 2.7% and Vanguard FTSE All (VEU) at 2.7%.

What did Telos Capital Management, Inc. buy last quarter?

In Q2 2026, Telos Capital Management, Inc. added Costco Whsl Corp New (COST) (+19.9% shares) and Vanguard Scottsdale Fds (VCSH) (+7.3% shares), compared with its Q1 2026 filing.

What did Telos Capital Management, Inc. sell last quarter?

In Q2 2026, Telos Capital Management, Inc. cut from its top 50 Honeywell Intl Inc (HON), cut from its top 50 Netflix Inc Total (NFLX), cut from its top 50 Lockheed Martin Corp Com (LMT), cut from its top 50 Resmed Inc (RMD), Goldman Sachs Group Inc (GS) (-27.1% shares), Nxp Semiconductors N V (NXPI) (-21.0% shares) and Vanguard Index Fds (VTI) (-9.3% shares), compared with its Q1 2026 filing.

How has Telos Capital Management, Inc.'s portfolio performed?

A portfolio copying Telos Capital Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +22.8% against +20.1%. Over 5 years: +7.8% a year against +11.6%.

When is Telos Capital Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Telos Capital Management, Inc.'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 Telos Capital Management, Inc. manage?

Telos Capital Management, Inc. reported $1.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.1B.