Logan Capital 13F (2026 Q1): Broadly Diversified Growth

Large-cap growth, broadly diversified

Logan Capital Management runs growth portfolios with a notably diversified hand. Its 2026Q1 13F holds about $2.30 billion across roughly 273 positions, and the structure tells you immediately that this is a broad large-cap growth strategy rather than a concentrated, high-conviction book. The largest holding, Apple, is just 5.73% of reported value, and weights fall away quickly from there, spreading the portfolio across a wide set of growth names rather than betting heavily on a handful. For a growth investor, that breadth is a deliberate choice: capture the growth factor across many quality companies while limiting the damage any single disappointment can do.

The top of the book is anchored by the familiar megacap-growth leaders. Behind Apple sit Broadcom, Amazon, Amphenol, KLA Corporation, Microsoft, Netflix, Mastercard, and Meta Platforms. These are the durable, high-return franchises that anchor most quality-growth portfolios, the companies whose scale and competitive positions have made them the backbone of the modern growth trade.

Breadth as a strategy

The diversification is the defining feature here. With 273 positions and no holding above about 6%, Logan spreads its growth exposure widely, a structure closer to a broad growth portfolio than the concentrated books run by many high-conviction managers. The benefit is smoother, more diversified participation in the growth factor; the trade-off is that no single winner will dominate returns, and the portfolio will tend to track the broad performance of large-cap growth rather than the fortunes of a few names. The megacap technology leaders at the top provide the growth engine, while the long tail of additional holdings broadens and diversifies the exposure.

A steady, low-activity quarter

Logan's reported value has been remarkably stable, holding in a tight $2.2 billion to $2.4 billion band over two years and easing just 3.3% on the quarter, the steadiness of a diversified strategy not buffeted by large flows. The position-level activity was light: the most notable move was a 22% trim to KLA Corporation, while the megacap core, Apple, Broadcom, Amazon, Microsoft, Netflix, Mastercard, and Meta, was held essentially flat. That restraint is consistent with a broadly diversified manager that adjusts at the margins rather than making dramatic shifts, letting its wide basket of growth names do the work.

How to read a diversified growth book

A filing like Logan's is best understood as broad exposure to large-cap growth rather than a set of concentrated bets to mine for ideas. With nothing above 6% and a long tail of positions, the signal is in the overall tilt, a quality-growth orientation anchored by megacap technology, rather than in any single name. For investors comparing growth managers, Logan offers a useful contrast to the concentrated specialists: it captures the growth factor with diversification and low turnover, accepting more muted single-stock impact in exchange for steadier, broader participation. You can explore the full holdings, the position changes, and the longer history on the Logan Capital filer page.