Torray Investment Partners 13F, Q3 2025
Torray · quarter ending 30 September 2025 · filed 22 October 2025 · SEC CIK 98758
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 99 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| Broadcom Limited | AVGO | $31.11M | 4.2% | -37% shares |
| Phillips 66 | PSX | $28.41M | 3.9% | +3% shares |
| Royalty Pharma Plc | $24.80M | 3.4% | +2% shares | |
| Hewlett Packard Ent Ser C Conv | HPE 7.625 09/01/27 | $24.40M | 3.3% | new |
| Abbvie | ABBV | $23.53M | 3.2% | +7% shares |
| Home Depot | HD | $23.51M | 3.2% | +3% shares |
| Blackstone Group | BX | $23.42M | 3.2% | +3% shares |
| CNA Financial | CNA | $23.35M | 3.2% | +19% shares |
| Texas Instruments | TXN | $21.00M | 2.9% | -13% shares |
| Amgen | AMGN | $20.47M | 2.8% | +4% shares |
| Chevron | CVX | $20.31M | 2.8% | +3% shares |
| UnitedHealth Group | UNH | $19.72M | 2.7% | +16% shares |
| Pfizer | PFE | $19.19M | 2.6% | +16% shares |
| American Express | AXP | $19.15M | 2.6% | unchanged |
| Microsoft | MSFT | $18.40M | 2.5% | -3% shares |
| NextEra Energy | NEE | $18.00M | 2.4% | new |
| PepsiCo | PEP | $17.22M | 2.3% | new |
| ProLogis | PLD | $17.18M | 2.3% | +8% shares |
| EOG Resources | EOG | $17.13M | 2.3% | +6% shares |
| Amazon.com | AMZN | $16.47M | 2.2% | -4% shares |
| Equinix | EQIX | $16.46M | 2.2% | new |
| Lennar Corp Cl B | LEN/B | $16.24M | 2.2% | +4% shares |
| Marsh McLennan | MRSH | $14.11M | 1.9% | unchanged |
| Apple | AAPL | $13.60M | 1.9% | -4% shares |
| Berkshire Hathaway B | BRK/B | $12.38M | 1.7% | -34% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Torray Investment Partners opened 10 new positions, added to 35, trimmed 31, left 23 unchanged and exited 10. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- HPE 7.625 09/01/27$24.40M
- NEE$18.00M
- PEP$17.22M
- EQIX$16.46M
- VUG$4.15M
- Fabrinet$2.46M
- EVLV$1.24M
- TSLA$822.7K
and 2 more
Exited
- GDwas $10.99M
- SNPSwas $8.63M
- WRBwas $6.45M
- DLRwas $4.20M
- MOwas $3.98M
- LMTwas $3.24M
- Ansyswas $2.54M
- Blueprint Medicineswas $2.13M
and 2 more
Other quarters
Source: SEC Form 13F-HR, accession 0001193125-25-246260, filed by TORRAY INVESTMENT PARTNERS LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.