Stokes Capital Advisors, LLC

Stokes Capital Advisors LLC entered Q1 2026 with a $448M, 161-name portfolio whose defining structural feature is a deliberate pari passu bet on two AI-and-platform-compounder names at identical weights: Broadcom (AVGO, 3.7%) and Microsoft (MSFT, 3.7%) represent the manager's two largest single-stock convictions, sized identically at the same dollar commitment, signaling a deliberate double-anchor strategy within the AI-and-cloud infrastructure layer. Around those equal-weight leaders, the portfolio layers PYLD (PIMCO short-duration income, 4.0%), MINT (PIMCO enhanced short-maturity, 3.7%), and TJX (TJX Companies, 3.4%) — the first two providing a fixed-income-and-income sleeve, the third providing consumer-discretionary quality exposure. The Q/Q changes — 17 new initiations alongside 18 exits, 26 increased, 14 decreased across 76 total — represent a manager actively rebuilding its secondary conviction layer while preserving the AVGO/MSFT core. With whaleScore of 47.50 across 161 holdings averaging $2.8M per position, this is a genuine active quality-and-growth allocator.