Torray Funds portfolio & holdings
Torray Funds
Historical clone performance and limitations
Torray Funds (Torray Funds) discloses a $741M portfolio across 91 US-listed positions in the latest 13F filing (2026Q2, filed Jul 30, 2026). The largest holding is AVGO at 5.2% of the book.
A material reported change · Q2 2026
Torray Funds reduced reported MSFT shares by 53.5%.
Holdings as of Jun 30, 2026 · filed Jul 30, 2026. Position at period end: 1.8% of the reported portfolio. The filing does not reveal the trade date, price, or reason.
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Holdings (91) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | AVGO | 5.2% | $38M | |||
| 2 | RPRX | 4.6% | $34M | |||
| 3 | CEG | 3.6% | $27M | |||
| 4 | CNA | 3.4% | $25M | |||
| 5 | GOOGL 6.25 05/15/29 A | 3.2% | $24M | |||
| 6 | KKR 6.25 03/01/28 D | 3.1% | $23M | |||
| 7 | CVX | 3.0% | $22M | |||
| 8 | BX | 3.0% | $22M | |||
| 9 | AMGN | 2.9% | $22M | |||
| 10 | CMCSA | 2.9% | $21M | |||
| 11 | HPE 7.625 09/01/27 | 2.9% | $21M | |||
| 12 | ACN | 2.8% | $21M | |||
| 13 | NEE | 2.8% | $21M | |||
| 14 | ABBV | 2.8% | $21M | |||
| 15 | OKE | 2.8% | $21M | |||
| 16 | PFE | 2.8% | $21M | |||
| 17 | PSX | 2.7% | $20M | |||
| 18 | PEP | 2.7% | $20M | |||
| 19 | TXN | 2.6% | $20M | |||
| 20 | PLD | 2.5% | $18M | |||
| 21 | AMZN | 2.2% | $16M | |||
| 22 | GOOGL | 2.2% | $16M | |||
| 23 | BE | 2.1% | $16M | |||
| 24 | MRSH | 2.1% | $15M | |||
| 25 | AAPL | 1.9% | $14M | |||
| 26 | MSFT | 1.8% | $13M | |||
| 27 | CASY | 1.8% | $13M | |||
| 28 | TSM | 1.7% | $13M | |||
| 29 | KLAC | 1.5% | $11M | |||
| 30 | APH | 1.4% | $10M | |||
| 31 | TW | 1.0% | $8M | |||
| 32 | VRTX | 1.0% | $8M | |||
| 33 | V | 1.0% | $8M | |||
| 34 | LZAGY | 0.8% | $6M | |||
| 35 | AJG | 0.8% | $6M | |||
| 36 | RBC | 0.8% | $6M | |||
| 37 | ORLY | 0.8% | $6M | |||
| 38 | MPWR | 0.7% | $5M | |||
| 39 | NOW | 0.7% | $5M | |||
| 40 | KRYS | 0.6% | $5M | |||
| 41 | BMRN | 0.6% | $4M | |||
| 42 | VEEV | 0.6% | $4M | |||
| 43 | VRSK | 0.6% | $4M | |||
| 44 | SHW | 0.6% | $4M | |||
| 45 | GE | 0.6% | $4M | |||
| 46 | AXSM | 0.5% | $4M | |||
| 47 | G3323L100 | 0.5% | $3M | |||
| 48 | ENTG | 0.4% | $3M | |||
| 49 | HALO | 0.4% | $3M | |||
| 50 | RYAN | 0.4% | $3M | |||
| 51 | SNDX | 0.4% | $3M | |||
| 52 | DT | 0.4% | $3M | |||
| 53 | NTRA | 0.4% | $3M | |||
| 54 | BWXT | 0.3% | $2M | |||
| 55 | EVLV | 0.3% | $2M | |||
| 56 | ZM | 0.3% | $2M | |||
| 57 | MTD | 0.3% | $2M | |||
| 58 | GOOG | 0.3% | $2M | |||
| 59 | FCN | 0.3% | $2M | |||
| 60 | VSTM | 0.2% | $2M | |||
| 61 | NOVT | 0.2% | $2M | |||
| 62 | JKHY | 0.2% | $2M | |||
| 63 | COO | 0.2% | $2M | |||
| 64 | BRK/B | 0.2% | $1M | |||
| 65 | JNJ | 0.1% | $1M | |||
| 66 | JPM | 0.1% | $969K | |||
| 67 | HD | 0.1% | $876K | |||
| 68 | URI | 0.1% | $748K | |||
| 69 | AXP | 0.1% | $665K | |||
| 70 | NVDA | 0.1% | $588K | |||
| 71 | COST | 0.1% | $587K | |||
| 72 | TSLA | 0.1% | $526K | |||
| 73 | MS | 0.1% | $497K | |||
| 74 | RYCEY | 0.1% | $481K | |||
| 75 | LLY | 0.1% | $477K | |||
| 76 | 773122106 | 0.1% | $457K | |||
| 77 | NOC | 0.1% | $452K | |||
| 78 | ENB | 0.1% | $450K | |||
| 79 | VUG | 0.1% | $398K | |||
| 80 | DHR | <0.1% | $356K | |||
| 81 | MMM | <0.1% | $324K | |||
| 82 | RTX | <0.1% | $320K | |||
| 83 | UNH | <0.1% | $284K | |||
| 84 | VTI | <0.1% | $276K | |||
| 85 | EW | <0.1% | $271K | |||
| 86 | SLB | <0.1% | $264K | |||
| 87 | WFC | <0.1% | $248K | |||
| 88 | IWF | <0.1% | $245K | |||
| 89 | MSI | <0.1% | $235K | |||
| 90 | UNP | <0.1% | $231K | |||
| 91 | BK | <0.1% | $229K |
- 1AVGOport5.2%val$38MBroadcom Incthis Q hold·16q
- 2RPRXport4.6%val$34MRoyalty Pharma Plcthis Q hold·19q
- 3CEGport3.6%val$27MConstellation Energythis Q hold·7q
- 4CNAport3.4%val$25MCna Financial Corpthis Q hold·8q
- port3.2%val$24MAlphabet Incthis Q New·—1q
- 6KKR 6.25 03/01/28 Dport3.1%val$23MKkr & CO Incthis Q hold·3q
- 7CVXport3.0%val$22MChevron Corpthis Q hold·5q
- 8BXport3.0%val$22MBlackstone Incthis Q hold·29q
- 9AMGNport2.9%val$22MAmgen Incthis Q hold·36q
- 10CMCSAport2.9%val$21MComcast Corp-class Athis Q +56%·9q
- 11HPE 7.625 09/01/27port2.9%val$21MHP Enterprise COthis Q -51%·4q
- 12ACNport2.8%val$21MAccenturethis Q New·31q
- 13NEEport2.8%val$21MNextera Energy Incthis Q hold·4q
- 14ABBVport2.8%val$21MAbbvie Incthis Q hold·40q
- 15OKEport2.8%val$21MOneok Incthis Q hold·3q
- 16PFEport2.8%val$21MPfizer Incthis Q hold·6q
- 17PSXport2.7%val$20MPhillips 66this Q hold·40q
- 18PEPport2.7%val$20MPepsico Incthis Q hold·4q
- 19TXNport2.6%val$20MTexas Instruments Incthis Q -46%·18q
- 20PLDport2.5%val$18MPrologis Incthis Q hold·6q
- 21AMZNport2.2%val$16MAmazon.com Incthis Q hold·35q
- 22GOOGLport2.2%val$16MAlphabet Inc-cl Athis Q hold·40q
- 23BEport2.1%val$16MBloom Energy Corp- Athis Q hold·6q
- 24MRSHport2.1%val$15MMarsh & Mclennan Costhis Q hold·40q
- 25AAPLport1.9%val$14MApple Incthis Q hold·40q
- 26MSFTport1.8%val$13MMicrosoft Corpthis Q -53%·40q
- 27CASYport1.8%val$13MCasey's General Stores Incthis Q hold·9q
- 28TSMport1.7%val$13MTaiwan Semiconductor-sp Adrthis Q hold·5q
- 29KLACport1.5%val$11MKla Corpthis Q hold·22q
- 30APHport1.4%val$10MAmphenol Corp-cl Athis Q hold·40q
- 31TWport1.0%val$8MTradeweb Markets Inc-class Athis Q hold·16q
- 32VRTXport1.0%val$8MVertex Pharmaceuticals Incthis Q hold·11q
- 33Vport1.0%val$8MVisa Inc-class A Sharesthis Q hold·40q
- 34LZAGYport0.8%val$6MLonza Group Ag-unspon Adrthis Q hold·36q
- 35AJGport0.8%val$6MArthur J Gallagher & COthis Q hold·14q
- 36RBCport0.8%val$6MRbc Bearings Incthis Q hold·23q
- 37ORLYport0.8%val$6MO'reilly Automotive Incthis Q hold·39q
- 38MPWRport0.7%val$5MMonolithic Power Systems Incthis Q hold·31q
- 39NOWport0.7%val$5MServicenow Incthis Q hold·17q
- 40KRYSport0.6%val$5MKrystal Biotech Incthis Q hold·5q
- 41BMRNport0.6%val$4MBiomarin Pharmaceutical Incthis Q hold·34q
- 42VEEVport0.6%val$4MVeeva Systems Inc-class Athis Q hold·14q
- 43VRSKport0.6%val$4MVerisk Analytics Incthis Q hold·40q
- 44SHWport0.6%val$4MSherwin-williams Co/thethis Q hold·38q
- 45GEport0.6%val$4MGeneral Electricthis Q hold·2q
- 46AXSMport0.5%val$4MAxsome Therapeutics Incthis Q hold·10q
- 47G3323L100port0.5%val$3MFabrinetthis Q hold·4q
- 48ENTGport0.4%val$3MEntegris Incthis Q hold·18q
- 49HALOport0.4%val$3MHalozyme Therapeutics Incthis Q hold·39q
- 50RYANport0.4%val$3MRyan Specialty Holdings Incthis Q hold·19q
- 51SNDXport0.4%val$3MSyndax Pharmaceuticals Incthis Q +28%·3q
- 52DTport0.4%val$3MDynatrace Incthis Q hold·21q
- 53NTRAport0.4%val$3MNatera Incthis Q hold·16q
- 54BWXTport0.3%val$2MBwx Technologies Incthis Q hold·11q
- 55EVLVport0.3%val$2MEvolv Technologies Holdingsthis Q hold·4q
- 56ZMport0.3%val$2MZoom Communications Incthis Q New·—1q
- 57MTDport0.3%val$2MMettler-toledo Internationalthis Q hold·39q
- 58GOOGport0.3%val$2MAlphabet Inc-cl Cthis Q hold·35q
- 59FCNport0.3%val$2MFti Consulting Incthis Q hold·7q
- 60VSTMport0.2%val$2MVerastem Incthis Q +60%·3q
- 61NOVTport0.2%val$2MNovanta Incthis Q New·—1q
- 62JKHYport0.2%val$2MJack Henry & Associates Incthis Q hold·39q
- 63COOport0.2%val$2MCooper Cos Inc/thethis Q hold·10q
- 64BRK/Bport0.2%val$1MBerkshire Hathaway Inc-cl Bthis Q hold·37q
- 65JNJport0.1%val$1MJohnson & Johnsonthis Q hold·40q
- 66JPMport0.1%val$969KJpmorgan Chase & COthis Q -92%·36q
- 67HDport0.1%val$876KHome Depot Incthis Q -22%·26q
- 68URIport0.1%val$748KUnited Rentals Incthis Q hold·15q
- 69AXPport0.1%val$665KAmerican Express COthis Q hold·40q
- 70NVDAport0.1%val$588KNvidia Corpthis Q hold·8q
- 71COSTport0.1%val$587KCostco Wholesale Corpthis Q hold·16q
- 72TSLAport0.1%val$526KTesla Incthis Q hold·4q
- 73MSport0.1%val$497KMorgan Stanleythis Q -92%·10q
- 74RYCEYport0.1%val$481KRolls-royce Holdings-sp Adrthis Q hold·6q
- 75LLYport0.1%val$477KEli Lilly & COthis Q hold·8q
- 76773122106port0.1%val$457KRocket Labthis Q -50%·6q
- 77NOCport0.1%val$452KNorthrop Grumman Corpthis Q hold·8q
- 78ENBport0.1%val$450KEnbridge Incthis Q hold·40q
- 79VUGport0.1%val$398KVanguard Growth Etfthis Q -58%·4q
- 80DHRport<0.1%val$356KDanaher Corpthis Q hold·40q
- 81MMMport<0.1%val$324K3M COthis Q hold·15q
- 82RTXport<0.1%val$320KRtx Corpthis Q hold·7q
- 83UNHport<0.1%val$284KUnitedhealth Group Incthis Q New·39q
- 84VTIport<0.1%val$276KVanguard Total Stock Mkt Etfthis Q hold·5q
- 85EWport<0.1%val$271KEdwards Lifesciences Corpthis Q hold·8q
- 86SLBport<0.1%val$264KSlb Ltdthis Q hold·23q
- 87WFCport<0.1%val$248KWells Fargo & COthis Q hold·22q
- 88IWFport<0.1%val$245KIshares Russell 1000 Growththis Q -64%·31q
- 89MSIport<0.1%val$235KMotorola Solutions Incthis Q hold·14q
- 90UNPport<0.1%val$231KUnion Pacific Corpthis Q hold·14q
- 91BKport<0.1%val$229KBank OF New York Mellon Corpthis Q New·—1q
Tickers without links do not have a dedicated stock research page. Their reported positions remain in this table. Inspect the manager's SEC filings ↗
Beyond the 13F
as of 2026-05-31Across Torray Funds’s registered funds — $355M disclosed in SEC Form N-PORT — just 94.1% sits in US-listed equity, the only slice a 13F reports. The other $21M is foreign listings and cash — none of which a 13F can show.
These registered funds hold $355M against the $741M Torray Funds reports on its 13F, so this describes those funds, not the whole firm. Everything the manager runs outside a registered fund — separate accounts, private vehicles — files no N-PORT and is not counted here.
Where the hidden money is
| United States | 4.7% |
Largest positions no 13F shows
| Royalty Pharma PLC · United States · USD | $17M |
| Fidelity Government Portfolio · United States · USD | $4M |
From SEC Form N-PORT, which registered funds file with their full portfolio — every currency, asset class and short. Covers 1 fund. The percentage above is the composition of those funds, not a ratio between two filings: a 13F spans every discretionary account but only US-listed securities, while N-PORT covers only the registered funds but every asset inside them — different universes, so the totals are not comparable (the 13F itself reports $741M for 2026-06-30). None of this feeds the backtest above, which stays a pure 13F clone.
2026Q2 moves, by size (21)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| MSFT | Microsoft Corp | TRIM | 1.8% | -53% | $13M |
| HPE 7.625 09/01/27 | HP Enterprise CO | TRIM | 2.9% | -51% | $21M |
| TXN | Texas Instruments Inc | TRIM | 2.6% | -46% | $20M |
| GOOGL 6.25 05/15/29 A | Alphabet Inc | NEW | 3.2% | +100% | $24M |
| CMCSA | Comcast Corp-class A | ADD | 2.9% | +56% | $21M |
| ACN | Accenture | NEW | 2.8% | +100% | $21M |
| JPM | Jpmorgan Chase & CO | TRIM | 0.1% | -92% | $969K |
| MS | Morgan Stanley | TRIM | 0.1% | -92% | $497K |
| SNDX | Syndax Pharmaceuticals Inc | ADD | 0.4% | +28% | $3M |
| HURN | Huron Consulting Group Inc | EXIT | 0.3% | -100% | $0 |
| ZM | Zoom Communications Inc | NEW | 0.3% | +100% | $2M |
| VSTM | Verastem Inc | ADD | 0.2% | +60% | $2M |
| NOVT | Novanta Inc | NEW | 0.2% | +100% | $2M |
| QLYS | Qualys Inc | EXIT | 0.2% | -100% | $0 |
| HD | Home Depot Inc | TRIM | 0.1% | -22% | $876K |
| VUG | Vanguard Growth Etf | TRIM | 0.1% | -58% | $398K |
| IWF | Ishares Russell 1000 Growth | TRIM | <0.1% | -64% | $245K |
| 773122106 | Rocket Lab | TRIM | 0.1% | -50% | $457K |
| HON | Honeywell International Inc | EXIT | <0.1% | -100% | $0 |
| UNH | Unitedhealth Group Inc | NEW | <0.1% | +100% | $284K |
| BK | Bank OF New York Mellon Corp | NEW | <0.1% | +100% | $229K |
- TRIMMSFT1.8%Microsoft CorpΔ -53%·$13M
- TRIMHPE 7.625 09/01/272.9%HP Enterprise COΔ -51%·$21M
- TRIMTXN2.6%Texas Instruments IncΔ -46%·$20M
- NEWGOOGL 6.25 05/15/29 A3.2%Alphabet IncΔ +100%·$24M
- ADDCMCSA2.9%Comcast Corp-class AΔ +56%·$21M
- NEWACN2.8%AccentureΔ +100%·$21M
- TRIMJPM0.1%Jpmorgan Chase & COΔ -92%·$969K
- TRIMMS0.1%Morgan StanleyΔ -92%·$497K
- ADDSNDX0.4%Syndax Pharmaceuticals IncΔ +28%·$3M
- EXITHURN0.3%Huron Consulting Group IncΔ -100%·$0
- NEWZM0.3%Zoom Communications IncΔ +100%·$2M
- ADDVSTM0.2%Verastem IncΔ +60%·$2M
- NEWNOVT0.2%Novanta IncΔ +100%·$2M
- EXITQLYS0.2%Qualys IncΔ -100%·$0
- TRIMHD0.1%Home Depot IncΔ -22%·$876K
- TRIMVUG0.1%Vanguard Growth EtfΔ -58%·$398K
- TRIMIWF<0.1%Ishares Russell 1000 GrowthΔ -64%·$245K
- TRIM7731221060.1%Rocket LabΔ -50%·$457K
- EXITHON<0.1%Honeywell International IncΔ -100%·$0
- NEWUNH<0.1%Unitedhealth Group IncΔ +100%·$284K
- NEWBK<0.1%Bank OF New York Mellon CorpΔ +100%·$229K
About Torray Funds
Torray Funds is a Bethesda, Maryland-based investment firm with roots going back to Robert Torray's founding in 1972, built around a long-only, buy-and-hold equity discipline that prizes low turnover and patience over tactical repositioning. The portfolio — 88 positions totaling roughly $682M in 13F-reportable securities — is modestly diversified by concentrated-value standards, with the top five holdings (including Royalty Pharma, Broadcom, Microsoft, Chevron, and Constellation Energy) accounting for about 21% of assets; that shape reflects a quality-growth tilt rather than deep-value compression. Because the strategy is straightforward long equity with minimal use of derivatives or short positions, the 13F is a reasonably faithful representation of the book, subject only to the standard 45-day disclosure lag. Readers should note that a clone backtest over twelve years shows roughly 2.8 percentage points of annual drag versus SPY, a figure consistent with a strategy that has historically emphasized downside discipline and capital preservation over benchmark-beating return generation.
2026Q2 brief
Torray Funds' $740M portfolio showed meaningful repositioning in Q2 2026, with the firm's most notable move being the initiation of a Alphabet Convertible position at 3.2% of the portfolio — a structured, downside-conscious way to gain Alphabet exposure consistent with Torray's blend of equity and credit instruments (the KKR 6.25 03/01/28 bond already sits at 3.1%). New equity initiations in ACN (2.8%) suggest a bet on enterprise IT services resilience. Meanwhile, the aggressive trimming of MSFT (−53%, now 1.8%), TXN (−46%, now 2.7%), and near-wholesale exits from JPM (−92%) and MS (−92%) signals a deliberate rotation away from large-cap tech and money-center banks — perhaps a valuation call after extended runs. Offsetting this, CMCSA was added aggressively (+56%, now 2.9%), hinting at a contrarian media/broadband value stance, while top holding AVGO (5.2%) remained intact. The 91-position book stays diversified, but the convertible/credit sleeve is growing. Watch whether the Alphabet Convertible position is expanded or converted to common equity in Q3, which would clarify Torray's conviction on the name.
AI-generated. Not investment advice.
Filing history
Torray Funds's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 91 | $741M |
| Q1 2026 — what changed → | 88 | $682M |
| Q4 2025 — what changed → | 95 | $698M |
| Q3 2025 — what changed → | 99 | $737M |
| Q2 2025 — what changed → | 99 | $689M |
| Q1 2025 — what changed → | 101 | $671M |
| Q4 2024 holdings | 101 | $697M |
| Q3 2024 holdings | 102 | $715M |
| Q2 2024 holdings | 93 | $669M |
| Q1 2024 holdings | 92 | $668M |
| Q4 2023 holdings | 94 | $618M |
| Q3 2023 holdings | 94 | $567M |
Values as disclosed at each quarter end. Older filings on EDGAR.
Manager evidence
27 material decisions, preserved in sequence.
See what Torray Funds bought, added, trimmed, or exited across eight quarters—plus disclosure lag, SEC sources, and observed outcomes versus SPY. No guru grade.
Open Torray Funds's decision evidence →Frequently asked questions
- What stocks does Torray Funds own?
- As of 2026Q2, Torray Funds's 13F discloses 91 positions worth $741M. The top five holdings: AVGO (5.2%), RPRX (4.6%), CEG (3.6%), CNA (3.4%), GOOGL 6.25 05/15/29 A (3.2%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Torray Funds buy this quarter?
- In 2026Q2, the filing shows 6 new positions and 3 additions to existing holdings. The largest positions touched by buying: GOOGL 6.25 05/15/29 A, CMCSA, ACN, SNDX, ZM.
- How big is Torray Funds's portfolio?
- $741M across 91 positions per the latest 13F (filed Jul 30, 2026). The top five holdings account for 20% of the disclosed book.
Similar portfolios
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000098758). Not investment advice.