D.a. Davidson & Co.
D.A. Davidson & Co. is an employee-owned financial services company headquartered in Great Falls, Montana. Founded in 1935, it operates as a national broker-dealer and SEC-registered investment adviser offering wealth management, equity capital markets, investment banking, fixed income capital markets, and trust services through its multiple divisions. The firm has approximately 1,400 employees and dozens of branches across the U.S., serving individuals, plan sponsors, banks, corporations, institutions, and municipalities.
Investment Strategy
D.A. Davidson & Co. provides personalized portfolio management with strategies meticulously tailored to the financial profiles and objectives of its clients. The firm employs a consultative approach that assesses each client’s risk tolerance, resources, and goals to develop individualized plans. For institutional clients such as retirement plans and plan sponsors, D.A. Davidson advises strictly in accordance with investment policy statements, offering investment selection and monitoring services as a fiduciary without discretionary management. The firm's investment philosophy emphasizes long-term, multigenerational wealth preservation, disciplined advice, and a client-focused, values-driven approach.
Latest 13F Filing Activity
D.a. Davidson & Co. filed their most recent 13F report on Sep 30, 2025 disclosing 1,480 equity positions and 22 options positions with a total 13F market value of $16B. The fund increased holdings in Vanguard Index FDS, Vanguard Index FDS, Apple Inc. among other positions. D.a. Davidson & Co. reduced exposure to Novartis AG, Fiserv Inc., Costco WHSL Corp. New among others.
Top Holdings
Equity Positions (1,480)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VTV | VANGUARD INDEX FDS | 6.51% | $1.02B | 5,458,462 | $98.06 | $186.49 | +$79.6M |
V VUG | VANGUARD INDEX FDS | 5.44% | $850.8M | 1,773,973 | $121.36 | $479.61 | +$80.0M |
I IXUS | ISHARES TR | 4.03% | $629.3M | 7,620,987 | $59.02 | $82.58 | +$61.5M |
A AGG | ISHARES TR | 2.95% | $461.0M | 4,598,418 | $103.92 | $100.25 | +$22.7M |
M MSFT | MICROSOFT CORP | 2.77% | $432.3M | 834,601 | $145.50 | $517.95 | +$25.1M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
T TSLA | TESLA INC | Sold | Call | $1.1M | 0 | $444.72 | $281.64 | -0.2 | +$136.7K |
P PLTR | PALANTIR TECHNOLOGIES INC | New | Put | $77.3K | 1 | $182.42 | $182.41 | +0.7 | +$77.3K |
C COF | CAPITAL ONE FINL CORP | New | Put | $77.8K | 0 | $212.58 | $212.55 | +0.2 | +$77.8K |
A ALLY | ALLY FINL INC | New | Put | $38.0K | 1 | $39.20 | $39.20 | +0.6 | +$38.0K |
Q QQQ | INVESCO QQQ TR | New | Put | $20.1K | 0 | $600.37 | $600.33 | +0.15 | +$20.1K |