1y return+14.3%S&P 500 +20.9%
3y return+38.0%S&P 500 +68.5%
5y return+31.1%S&P 500 +74.5%
10y return+97.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $197 against $357 in the S&P 500.2
Curbstone Financial Management CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| FLRNSPDR Bloomberg Inter Floating | $40.2M | 6.9% | +2.7% |
| SCHFSchwab International Equity ET | $22.7M | 3.9% | |
| MDYSPDR S&P Mid Cap 400 ETF (MDY) | $20.7M | 3.5% | −5.6% |
| AAPLApple Inc (AAPL) | $19.2M | 3.3% | +9.5% |
| SCHMSchwab US Mid Cap ETF (SCHM) | $19.1M | 3.3% | |
| VOOVanguard S&P 500 ETF (VOO) | $17.9M | 3.0% | |
| SCHGSchwab US Large Cap Growth ETF | $17.2M | 2.9% | |
| VCSHVanguard Short Ter Corp Bd ETF | $16.3M | 2.8% | −1.4% |
| SCHDSchwab US Dividend Equity ETF | $15.8M | 2.7% | −1.4% |
| GOOGAlphabet Inc Class C (GOOG) | $11.7M | 2.0% | −2.6% |
| VCITVanguard Intermediate Corp ETF | $11.4M | 2.0% | +1.9% |
| MSFTMicrosoft Corp (MSFT) | $11.4M | 1.9% | +38.0% |
| SCHASchwab US Small Cap ETF (SCHA) | $11.2M | 1.9% | −5.1% |
| CSCOCisco Systems (CSCO) | $9.9M | 1.7% | +12.3% |
| SCHBSchwab US Broad Mkt ETF (SCHB) | $8.8M | 1.5% | |
| SCHXSchwab US Large Cap ETF (SCHX) | $8.3M | 1.4% | |
| AMZNAmazon Inc (AMZN) | $8.2M | 1.4% | −1.4% |
| RSPInvesco SP 500 Equal Weight ET | $8.1M | 1.4% | −3.7% |
| JNJJohnson & Johnson (JNJ) | $7.8M | 1.3% | +21.4% |
| JPMJP Morgan Chase & Co (JPM) | $7.4M | 1.3% | +6.1% |
| INTCIntel Corp (INTC) | $6.5M | 1.1% | +5.7% |
| TIPIShares TIPS ETF (TIP) | $5.9M | 1.0% | +1.4% |
| XOMExxon Mobil Corp (XOM) | $5.6M | 1.0% | New |
| SCHPSchwab US TIPS ETF (SCHP) | $5.5M | 0.9% | +1.3% |
| MCIBarings Corporate Investors (M | $5.1M | 0.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| LLYEli Lilly (LLY) | June 30, 2020 | +630.6% | $3.8M |
| GOOGAlphabet Inc Class C (GOOG) | June 30, 2020 | +399.9% | $11.7M |
| NVDANvidia (NVDA) | June 30, 2023 | +373.0% | $4.0M |
| JPMJP Morgan Chase & Co (JPM) | June 30, 2020 | +248.0% | $7.4M |
| AAPLApple Inc (AAPL) | June 30, 2020 | +217.3% | $19.2M |
| RTXRTX Corp (RTX) | June 30, 2020 | +207.9% | $4.6M |
| TJXTJX Companies (TJX) | June 30, 2020 | +199.6% | $4.7M |
| BRK/BBerkshire Hathaway B (BRKB) | June 30, 2020 | +180.3% | $4.1M |
| SCHGSchwab US Large Cap Growth ETF | June 30, 2020 | +166.6% | $17.2M |
| CSCOCisco Systems (CSCO) | June 30, 2020 | +151.8% | $9.9M |
Sold off last quarter
- Exxon Mobil Corp (XOM)CUSIP 30231G102 was $6.6M
- HYHyster-Yale Inc (HY) was $3.5M
- NCNacco Industries Cl A (NC) was $3.0M
- Honeywell International Inc (HCUSIP 438516106 was $2.3M
- Hologic Inc (HOLX)CUSIP 436440101 was $1.3M
- CSG Systems (CSGS)CUSIP 126349109 was $1.0M
- PPLPPL Corp (PPL) was $425K
- SCCOSouthern Copper Corp (SCCO) was $401K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.7% | +14.8% |
| March 31, 2026 | −1.0% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +4.8% | +7.8% |
| June 30, 2025 | +5.4% | +10.5% |
| March 31, 2025 | −1.9% | −4.6% |
| December 31, 2024 | −1.0% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | −0.1% | +4.0% |
| March 31, 2024 | +5.9% | +10.0% |
| December 31, 2023 | +9.0% | +11.2% |
| September 30, 2023 | −3.3% | −3.6% |
| June 30, 2023 | +4.1% | +8.3% |
| March 31, 2023 | +4.1% | +7.0% |
| December 31, 2022 | +5.8% | +7.1% |
| September 30, 2022 | −5.2% | −5.3% |
| June 30, 2022 | −11.1% | −16.5% |
| March 31, 2022 | −5.4% | −4.9% |
| December 31, 2021 | +5.4% | +10.7% |
| September 30, 2021 | −1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Curbstone Financial Management Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1608057&type=13F-HR&dateb=&owner=include&count=40CIK 1608057
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1608057/000160805726000007/Filed July 14, 2026 · accession 0001608057-26-000007