Front Street Capital Management, Inc.

RIA/Wealth

Front Street Capital Management, Inc. is a RIA/Wealth based in Missoula, MT led by Michele Marie Blood, managing $635.0M across 68 long positions as of Q3 2025 with 64% concentrated in top 10 holdings.

PresidentMichele Marie Blood

Portfolio Value: $635.0M
Positions: 68
Top Holding: LUMN at 11.73%
Last Reported: Q3 2025

Address218 East Front Street, Suite 205, Missoula, MT, 59802, United States

Top Holdings

Largest long holdings in Front Street Capital Management, Inc.'s portfolio (63.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Lumen Technologies LUMN	Telecommunications Services Communication Services	$74.5M	11.73%	+$1.2M Bought	1.19% 12.2M shares	Q1 2017 Held for 8y 8m
2 General Electric GE	Aerospace & Defense Industrials	$66.0M	10.40%	-$3.9M Sold	0.02% 219.5K shares	Q4 2018 Held for 6y 11m
3 Cognex CGNX	Hardware, Equipment & Parts Technology	$58.7M	9.24%	-$1.4M Sold	0.77% 1.3M shares	Q2 2016 Held for 9y 5m
4 Vanguard S&P 500 ETF VOO	ETF ETF	$42.5M	6.69%	+$38.2M Bought	— 69.3K shares	Q2 2016 Held for 9y 5m
5 General Electric GEV	Renewable Utilities Utilities	$33.9M	5.34%	-$686.2K Sold	0.02% 55.2K shares	Q2 2024 Held for 1y 5m
6 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$33.2M	5.22%	-$2.7M Sold	0.00% 66.0K shares	Q4 2019 Held for 5y 11m
7 The Manitowoc Company MTW	Agricultural - Machinery Industrials	$32.8M	5.16%	-$8.1K Sold	9.24% 3.3M shares	Q2 2018 Held for 7y 5m
8 Danaher DHR	Medical - Diagnostics & Research Healthcare	$24.3M	3.83%	-$163.4K Sold	0.02% 122.7K shares	Q1 2017 Held for 8y 8m
9 Costco Wholesale COST	Discount Stores Consumer Defensive	$20.6M	3.24%	-$3.5M Sold	0.01% 22.2K shares	Q2 2016 Held for 9y 5m
10 ESAB ESAB	Manufacturing - Metal Fabrication Industrials	$17.3M	2.73%	-$17.5K Sold	0.26% 155.0K shares	Q2 2022 Held for 3y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Front Street Capital Management, Inc.'s latest filing

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Market Value

$635.0M

Prior: $520.1M

Q/Q Change

+22.1%

+$114.9M

Net Flows % of MV

+5.6%

Turnover Ratio

5.92%

New Purchases

2 stocks

$6.3M

Added To

14 stocks

+$47.6M

Sold Out Of

6 stocks

$935.4K

Reduced Holdings

41 stocks

-$17.4M

Increased Positions

Position	Shares Δ	Change
1 Baxter International BAX	New	0 → 258.5K +$5.9M
2 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	New	0 → 4.5K +$411.0K
3 Vanguard S&P 500 ETF VOO	+896.38%	7.0K → 69.3K +$38.2M
4 Azenta AZTA	+312.74%	60.6K → 250.0K +$5.4M
5 JPMorgan Chase JPM	+102.67%	974.0 → 2.0K +$315.4K

Decreased Positions

Position	Shares Δ	Change
1 Exxon Mobil XOM	Sold	2.0K → 0 −$216.6K
2 Adobe ADBE	Sold	541.0 → 0 −$209.3K
3 Raytheon Technologies RTX	Sold	1.4K → 0 −$204.4K
4 Crane Co. CR	Sold	752.0 → 0 −$142.8K
5 Illinois Tool Works ITW	Sold	500.0 → 0 −$123.6K