BOYD WATTERSON ASSET MANAGEMENT LLC/OH

CLEVELAND, OH · CIK 1121477 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2000 · limited liability company

Assets managed$18.8bn
Staff140 · 51 in investment roles
Main clients (by assets)Private funds 53%, Pension plans 11%, Charities 11%
Private funds2 · $161.2m gross assets
Websiteboydwatterson.com
Form ADV · 2026-03-31SEC adviser record

Legal entityBOYD WATTERSON ASSET MANAGEMENT, LLC (US)

Kindreal estate, futures
Others nearbyCleveland, OH, Bloomfield Hills, MI, New York, NY, Chicago, IL, Denver, CO, Washington, DC

As an employer

Offices in1 country
Private fundsother private 1, real estate 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Cleveland, OH (main office)United States	United States	about 29
Bloomfield Hills, MIUnited States	United States	6
Chicago, ILUnited States	United States	4
New York, NYUnited States	United States	4
Atlanta, GAUnited States	United States	2
Denver, COUnited States	United States	2
Washington, DCUnited States	United States	2
Tampa, FLUnited States	United States	1
West Hartford, CTUnited States	United States	1

US visa salary filings

Filings FY2024–20253
Median salary offered$124,999
Middle half$112,499 – $157,499
Job titles3

Job title	Filings	Median	Range
Portfolio Modeling And Valuations LeadNew York, NY	1	$189,999	$189,999 – $190,000
Data Governance SpecialistCleveland, OH	1	$124,999	$124,999 – $125,000
Data AnalystCleveland, OH	1	$99,999	$99,999 – $100,000

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Boyd Watterson Asset Management LLC.

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$371.2m reported value +14.0% vs Q1 2026

394positions

39.1%in top 10

14 new 38 added 66 reduced 10 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	35,240	$26.3m7.09%	7.09%	Reduced -757	-757 -2.1%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	55,659	$19.9m5.36%	5.36%	Reduced -289	-289 -0.5%
3	MICROSOFT CORP COM MSFT	MSFT	49,544	$18.5m4.98%	4.98%	Added +257	+257 0.5%
4	BROADCOM INC COM AVGO	AVGO	44,995	$17.0m4.58%	4.58%	Reduced -276	-276 -0.6%
5	JPMORGAN CHASE & CO COM JPM	JPM	36,309	$11.9m3.20%	3.20%	Reduced -705	-705 -1.9%
6	ELI LILLY & CO COM LLY	LLY	9,380	$11.3m3.03%	3.03%	Reduced -156	-156 -1.6%
7	CATERPILLAR INC COM CAT	CAT	10,281	$10.9m2.95%	2.95%	Reduced -24	-24 -0.2%
8	EATON CORP PLC SHS ETN	ETN	25,202	$10.7m2.89%	2.89%	Added +322	+322 1.3%
9	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	13,936	$9.8m2.64%	2.64%	Unchanged
10	AMERICAN EXPRESS CO COM AXP	AXP	26,176	$8.9m2.39%	2.39%	Reduced -58	-58 -0.2%
11	AMAZON COM INC COM AMZN	AMZN	35,608	$8.5m2.29%	2.29%	Added +953	+953 2.8%
12	APPLE INC COM AAPL	AAPL	25,491	$7.4m1.99%	1.99%	Reduced -38	-38 -0.1%
13	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	8,807	$6.7m1.81%	1.81%	Added +29	+29 0.3%
14	EXXON MOBIL CORP COM XOM	XOM	46,198	$6.3m1.70%	1.70%	Reduced -398	-398 -0.8%
15	CITIGROUP INC COM NEW C	C	44,384	$6.2m1.67%	1.67%	Added +2.0k	+2,000 4.7%
16	ADVANCED MICRO DEVICES INC COM AMD	AMD	10,570	$6.1m1.65%	1.65%	Added +15	+15 0.1%
17	ABBVIE INC COM ABBV	ABBV	23,588	$5.9m1.60%	1.60%	Reduced -24	-24 -0.1%
18	ALPHABET INC CAP STK CL C GOOG	GOOG	16,380	$5.8m1.56%	1.56%	Unchanged
19	JOHNSON & JOHNSON COM JNJ	JNJ	21,610	$5.5m1.48%	1.48%	Added +170	+170 0.8%
20	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	7,945	$5.5m1.47%	1.47%	Unchanged
21	VISA INC COM CL A V	V	15,177	$5.2m1.40%	1.40%	Added +100	+100 0.7%
22	PARKER-HANNIFIN CORP COM PH	PH	5,197	$5.1m1.37%	1.37%	Unchanged
23	ISHARES TR MSCI EMG MKT ETF EEM	EEM	70,575	$4.8m1.30%	1.30%	Reduced -2.1k	-2,064 -2.8%
24	NVIDIA CORPORATION COM NVDA	NVDA	24,000	$4.8m1.29%	1.29%	Reduced -180	-180 -0.7%
25	MERCK & CO INC COM MRK	MRK	35,559	$4.6m1.23%	1.23%	Unchanged
26	ISHARES TR GLOBAL 100 ETF IOO	IOO	31,630	$4.3m1.16%	1.16%	Reduced -3.1k	-3,068 -8.8%
27	HONEYWELL INTL INC COM HON	HON	18,679	$4.2m1.13%	1.13%	New
28	HONEYWELL AEROSPACE INC COM HONA	HONA	18,679	$4.1m1.11%	1.11%	New
29	QUALCOMM INC COM QCOM	QCOM	20,712	$3.8m1.03%	1.03%	Added +4.2k	+4,195 25.4%
30	GOLDMAN SACHS GROUP INC COM GS	GS	3,770	$3.8m1.03%	1.03%	Reduced -200	-200 -5.0%
31	ISHARES TR CORE S&P SCP ETF IJR	IJR	23,850	$3.5m0.95%	0.95%	Unchanged
32	LINDE PLC SHS LIN	LIN	6,235	$3.2m0.87%	0.87%	Added +75	+75 1.2%
33	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	27,753	$3.2m0.85%	0.85%	Reduced -89	-89 -0.3%
34	PEPSICO INC COM PEP	PEP	23,075	$3.1m0.84%	0.84%	Added +533	+533 2.4%
35	EXPEDIA GROUP INC COM NEW EXPE	EXPE	11,444	$2.9m0.79%	0.79%	Unchanged
36	CHEVRON CORP NEW COM CVX	CVX	17,349	$2.9m0.77%	0.77%	Reduced -179	-179 -1.0%
37	TEXAS INSTRS INC COM TXN	TXN	9,600	$2.9m0.77%	0.77%	Added +135	+135 1.4%
38	ISHARES TR MSCI EAFE ETF EFA	EFA	25,045	$2.6m0.70%	0.70%	Unchanged
39	EMERSON ELEC CO COM EMR	EMR	18,097	$2.6m0.70%	0.70%	Reduced -4	-4 -0.0%
40	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	9,709	$2.6m0.69%	0.69%	Added +1.1k	+1,135 13.2%
41	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,980	$2.5m0.68%	0.68%	Added +1.6k	+1,589 21.5%
42	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	42,665	$2.5m0.66%	0.66%	Unchanged
43	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	72,963	$2.3m0.62%	0.62%	Unchanged
44	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	21,093	$1.9m0.52%	0.52%	Reduced -50	-50 -0.2%
45	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	3,790	$1.9m0.51%	0.51%	Unchanged
46	ISHARES TR BROAD USD HIGH USHY	USHY	51,012	$1.9m0.51%	0.51%	Added +39.4k	+39,385 338.7%
47	PHILLIPS 66 COM PSX	PSX	11,152	$1.9m0.51%	0.51%	Reduced -85	-85 -0.8%
48	COCA COLA CO COM KO	KO	21,856	$1.8m0.48%	0.48%	Unchanged
49	ABBOTT LABS COM ABT	ABT	19,114	$1.7m0.47%	0.47%	Unchanged
50	UNITEDHEALTH GROUP INC COM UNH	UNH	4,112	$1.7m0.46%	0.46%	Added +646	+646 18.6%
51	CUMMINS INC COM CMI	CMI	2,305	$1.6m0.44%	0.44%	Reduced -41	-41 -1.8%
52	TRANE TECHNOLOGIES PLC SHS TT	TT	3,160	$1.6m0.42%	0.42%	Reduced -15	-15 -0.5%
53	PPG INDS INC COM PPG	PPG	12,628	$1.5m0.41%	0.41%	Added +2.3k	+2,300 22.3%
54	HOME DEPOT INC COM HD	HD	4,331	$1.5m0.41%	0.41%	Reduced -11	-11 -0.2%
55	PROCTER AND GAMBLE CO COM PG	PG	10,108	$1.5m0.40%	0.40%	Reduced -11.8k	-11,758 -53.8%
56	NEXTERA ENERGY INC COM NEE	NEE	16,752	$1.5m0.40%	0.40%	Unchanged
57	BECTON DICKINSON & CO COM BDX	BDX	9,519	$1.4m0.39%	0.39%	Added +150	+150 1.6%
58	BOOKING HOLDINGS INC COM BKNG	BKNG	7,950	$1.4m0.38%	0.38%	Unchanged
59	KIMBERLY-CLARK CORP COM KMB	KMB	12,899	$1.4m0.38%	0.38%	Added +115	+115 0.9%
60	SCHWAB CHARLES CORP COM SCHW	SCHW	15,028	$1.4m0.37%	0.37%	Unchanged
61	ISHARES TR MBS ETF MBB	MBB	14,110	$1.3m0.36%	0.36%	Added +2.5k	+2,494 21.5%
62	MASCO CORP COM MAS	MAS	16,196	$1.3m0.36%	0.36%	Added +1.2k	+1,153 7.7%
63	TARGET CORP COM TGT	TGT	10,088	$1.3m0.35%	0.35%	Added +357	+357 3.7%
64	DEERE & CO COM DE	DE	2,000	$1.3m0.34%	0.34%	New
65	WATERS CORP COM WAT	WAT	3,181	$1.2m0.32%	0.32%	Added +810	+810 34.2%
66	TRAVELERS COMPANIES INC COM TRV	TRV	3,538	$1.2m0.31%	0.31%	Unchanged
67	SALESFORCE INC COM CRM	CRM	7,274	$1.1m0.31%	0.31%	Reduced -4.9k	-4,889 -40.2%
68	TESLA INC COM TSLA	TSLA	2,695	$1.1m0.31%	0.31%	Added +500	+500 22.8%
69	DELL TECHNOLOGIES INC CL C DELL	DELL	2,585	$1.1m0.30%	0.30%	Reduced -329	-329 -11.3%
70	THE CIGNA GROUP COM CI	CI	4,003	$1.1m0.30%	0.30%	Unchanged
71	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,125	$1.1m0.29%	0.29%	Unchanged
72	WALMART INC COM WMT	WMT	9,251	$1.0m0.28%	0.28%	Reduced -150	-150 -1.6%
73	CISCO SYS INC COM CSCO	CSCO	8,834	$1.0m0.28%	0.28%	Reduced -84	-84 -0.9%
74	COSTCO WHSL CORP NEW COM COST	COST	1,100	$1.0m0.28%	0.28%	New
75	GE VERNOVA INC COM GEV	GEV	863	$1.0m0.27%	0.27%	Reduced -35	-35 -3.9%
76	ISHARES TR 7-10 YR TRSY BD IEF	IEF	9,882	$934.5k0.25%	0.25%	Added +573	+573 6.2%
77	NETFLIX INC COM NFLX	NFLX	13,020	$929.6k0.25%	0.25%	Added +30	+30 0.2%
78	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	10,614	$914.3k0.25%	0.25%	Unchanged
79	BOEING CO COM BA	BA	4,152	$898.8k0.24%	0.24%	Unchanged
80	RTX CORPORATION COM RTX	RTX	4,410	$836.6k0.23%	0.23%	Reduced -105	-105 -2.3%
81	DNP SELECT INCOME FD INC COM DNP	DNP	74,666	$805.6k0.22%	0.22%	Added +246	+246 0.3%
82	SYNCHRONY FINANCIAL COM SYF	SYF	10,400	$790.9k0.21%	0.21%	Unchanged
83	META PLATFORMS INC CL A META	META	1,353	$762.1k0.21%	0.21%	Unchanged
84	ISHARES TR PFD AND INCM SEC PFF	PFF	24,846	$757.6k0.20%	0.20%	Unchanged
85	TJX COS INC NEW COM TJX	TJX	5,000	$757.5k0.20%	0.20%	Unchanged
86	ISHARES TR CORE S&P MCP ETF IJH	IJH	9,797	$755.4k0.20%	0.20%	Unchanged
87	AIR PRODS & CHEMS INC COM APD	APD	2,542	$745.4k0.20%	0.20%	Reduced -19	-19 -0.7%
88	US BANCORP DEL COM NEW USB	USB	12,085	$729.9k0.20%	0.20%	Unchanged
89	CARRIER GLOBAL CORPORATION COM CARR	CARR	9,764	$716.2k0.19%	0.19%	Reduced -145	-145 -1.5%
90	REGENERON PHARMACEUTICALS COM REGN	REGN	1,078	$672.2k0.18%	0.18%	Reduced -9	-9 -0.8%
91	SOLSTICE ADVANCED MATLS INC COM SHS SOLS	SOLS	7,544	$668.4k0.18%	0.18%	Added +40	+40 0.5%
92	ISHARES TR ISHS 5-10YR INVT IGIB	IGIB	12,313	$654.7k0.18%	0.18%	Added +706	+706 6.1%
93	DANAHER CORPORATION COM DHR	DHR	3,175	$604.8k0.16%	0.16%	Reduced -39	-39 -1.2%
94	MASTERCARD INCORPORATED CL A MA	MA	1,176	$604.0k0.16%	0.16%	Unchanged
95	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	1,073	$560.5k0.15%	0.15%	Unchanged
96	MARSH & MCLENNAN COS INC COM MRSH	MRSH	3,323	$553.9k0.15%	0.15%	Reduced -4.4k	-4,413 -57.0%
97	PAYLOCITY HLDG CORP COM PCTY	PCTY	5,150	$538.3k0.15%	0.15%	Unchanged
98	SHELL PLC SPON ADS SHEL	SHEL	6,526	$506.0k0.14%	0.14%	Unchanged
99	OCCIDENTAL PETE CORP COM OXY	OXY	10,000	$485.7k0.13%	0.13%	Unchanged
100	BANK AMERICA CORP COM BAC	BAC	8,307	$473.3k0.13%	0.13%	Reduced -259	-259 -3.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		18,356	$8.3m18.4k shares
SPDR SER TR BIL	BIL	870	$79.7k870 shares
CANADIAN NAT RES LTD CNQ	CNQ	1,500	$73.1k1.5k shares
ISHARES TR TLT	TLT	826	$71.6k826 shares
Reinsurance GRP of Amer VRN Pfd RGA V5.75 06.15.56	RGA V5.75 06.15.56	2,366	$59.0k2.4k shares
LINCOLN NATL CORP IND LNC	LNC	850	$30.2k850 shares
WISDOMTREE TR USFR	USFR	580	$29.2k580 shares
CARNIVAL CORP		805	$20.8k805 shares
CARNIVAL PLC CUK	CUK	161	$4.1k161 shares
DUPONT DE NEMOURS INC DWDP	DWDP	29	$4.0k29 shares