# EDGAR Filing Document

**Accession Number:** 0002033920
**File Stem:** 0002033920-25-000005
**Filing Date:** 2025-11
**Character Count:** 10243
**Document Hash:** 38c05204ac62ea99f08ed6fe8a44d037
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002033920-25-000005.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0002033920-25-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Orion Investment Co
- **CENTRAL INDEX KEY:** 0002033920

**ORGANIZATION NAME:**
- **EIN:** 431237342
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24330
- **FILM NUMBER:** 251475938

**BUSINESS ADDRESS:**
- **STREET 1:** 7800 FORSYTH BLVD. SUITE 820
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 314-725-3800

**MAIL ADDRESS:**
- **STREET 1:** 7800 FORSYTH BLVD. SUITE 820
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Orion Investment Co<br>**Address:** 7800 FORSYTH BLVD. SUITE 820<br>ST. LOUIS, MO 63105

**Form 13F File Number:** 028-24330

**CRD Number (if applicable):** 000110867

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Frederic G Sauer<br>**Title:** Vice President<br>**Phone:** 3147253800

**Signature, Place, and Date of Signing:**

Frederic G Sauer  St Louis, MO  11-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 70

**Form 13F Information Table Value Total:** $314671875

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Labs | COM | 002824100 |  | 8526486 | 63659 | SH |  | SOLE |  | 0 | 0 | 63659 |
| Abbvie Inc | COM | 00287Y109 |  | 1416099 | 6116 | SH |  | SOLE |  | 0 | 0 | 6116 |
| Aflac Inc | COM | 001055102 |  | 491480 | 4400 | SH |  | SOLE |  | 0 | 0 | 4400 |
| Alliance Resources Partners L | UT LTD PART | 01877R108 |  | 719990 | 28475 | SH |  | SOLE |  | 0 | 0 | 28475 |
| Alphabet Inc Cl A | CAP STK CL A | 02079K305 |  | 1075717 | 4425 | SH |  | SOLE |  | 0 | 0 | 4425 |
| Alphabet Inc Cl C | CAP STK CL C | 02079K107 |  | 596697 | 2450 | SH |  | SOLE |  | 0 | 0 | 2450 |
| Altria Group | COM | 02209S103 |  | 548034 | 8296 | SH |  | SOLE |  | 0 | 0 | 8296 |
| Amazon Com Inc | COM | 023135106 |  | 1075015 | 4896 | SH |  | SOLE |  | 0 | 0 | 4896 |
| Ameren Corp | COM | 023608102 |  | 1401510 | 13427 | SH |  | SOLE |  | 0 | 0 | 13427 |
| Apple Inc | COM | 037833100 |  | 3644519 | 14313 | SH |  | SOLE |  | 0 | 0 | 14313 |
| ASML Holding N V | N Y REGISTRY SHS | N07059210 |  | 5155079 | 5325 | SH |  | SOLE |  | 0 | 0 | 5325 |
| Atmos Energy Corp | COM | 049560105 |  | 3016640 | 17667 | SH |  | SOLE |  | 0 | 0 | 17667 |
| Berkshire Hathaway Inc Del | CL B NEW | 084670702 |  | 843598 | 1678 | SH |  | SOLE |  | 0 | 0 | 1678 |
| Biogen Inc | COM | 09062X103 |  | 5523214 | 39429 | SH |  | SOLE |  | 0 | 0 | 39429 |
| Boeing Co | COM | 097023105 |  | 410940 | 1904 | SH |  | SOLE |  | 0 | 0 | 1904 |
| Bristol-Myers Squibb Co | COM | 110122108 |  | 1103056 | 24458 | SH |  | SOLE |  | 0 | 0 | 24458 |
| Broadcom Inc | COM | 11135F101 |  | 1282030 | 3886 | SH |  | SOLE |  | 0 | 0 | 3886 |
| Cadence Design Systems Inc | COM | 127387108 |  | 3662237 | 10426 | SH |  | SOLE |  | 0 | 0 | 10426 |
| Cameco Corp | COM | 13321L108 |  | 4241639 | 50580 | SH |  | SOLE |  | 0 | 0 | 50580 |
| Canadian Natl Ry Co | COM | 136375102 |  | 3122556 | 33113 | SH |  | SOLE |  | 0 | 0 | 33113 |
| Caterpillar Inc | COM | 149123101 |  | 274361 | 575 | SH |  | SOLE |  | 0 | 0 | 575 |
| Chevron Corp New | COM | 166764100 |  | 282162 | 1817 | SH |  | SOLE |  | 0 | 0 | 1817 |
| Coca Cola Co | COM | 191216100 |  | 403425 | 6083 | SH |  | SOLE |  | 0 | 0 | 6083 |
| Commerce Bancshares Inc | COM | 200525103 |  | 671822 | 11242 | SH |  | SOLE |  | 0 | 0 | 11242 |
| Cummins Inc | COM | 231021106 |  | 9592445 | 22711 | SH |  | SOLE |  | 0 | 0 | 22711 |
| Eli Lilly  Co | COM | 532457108 |  | 359373 | 471 | SH |  | SOLE |  | 0 | 0 | 471 |
| Emerson Elec Co | COM | 291011104 |  | 1206331 | 9196 | SH |  | SOLE |  | 0 | 0 | 9196 |
| Enterprise Prods Partners L | COM | 293792107 |  | 1037445 | 33177 | SH |  | SOLE |  | 0 | 0 | 33177 |
| Equifax Inc | COM | 294429105 |  | 2279782 | 8887 | SH |  | SOLE |  | 0 | 0 | 8887 |
| Exxon Mobil Corp | COM | 30231G102 |  | 9557606 | 84768 | SH |  | SOLE |  | 0 | 0 | 84768 |
| Garmin Ltd | SHS | H2906T109 |  | 295464 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| General Dynamics Corp | COM | 369550108 |  | 6788287 | 19907 | SH |  | SOLE |  | 0 | 0 | 19907 |
| Hershey Co | COM | 427866108 |  | 7174490 | 38356 | SH |  | SOLE |  | 0 | 0 | 38356 |
| Home Depot Inc | COM | 437076102 |  | 324152 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| Huntington Ingalls Inds Inc | COM | 446413106 |  | 3614998 | 12556 | SH |  | SOLE |  | 0 | 0 | 12556 |
| International Business Machs | COM | 459044103 |  | 1582918 | 5610 | SH |  | SOLE |  | 0 | 0 | 5610 |
| Intel Corp | COM | 458140100 |  | 5016933 | 149536 | SH |  | SOLE |  | 0 | 0 | 149536 |
| Ionis Pharmaceuticals Inc | COM | 462222100 |  | 14700201 | 224705 | SH |  | SOLE |  | 0 | 0 | 224705 |
| IonQ Inc | COM | 46222L108 |  | 16926891 | 275234 | SH |  | SOLE |  | 0 | 0 | 275234 |
| Iovance Biotherapeutics Inc | COM | 462260100 |  | 4018371 | 1851784 | SH |  | SOLE |  | 0 | 0 | 1851784 |
| Johnson  Johnson | COM | 478160104 |  | 922055 | 4973 | SH |  | SOLE |  | 0 | 0 | 4973 |
| McCormick  Co Inc | COM NON VTG | 579780206 |  | 409489 | 6120 | SH |  | SOLE |  | 0 | 0 | 6120 |
| McDonalds Corp | COM | 580135101 |  | 261345 | 860 | SH |  | SOLE |  | 0 | 0 | 860 |
| Merck  Co | COM | 58933Y105 |  | 1726776 | 20574 | SH |  | SOLE |  | 0 | 0 | 20574 |
| Meta Platforms Inc A | CL A | 30303M102 |  | 436956 | 595 | SH |  | SOLE |  | 0 | 0 | 595 |
| Microsoft Corp | COM | 594918104 |  | 54650102 | 105512 | SH |  | SOLE |  | 0 | 0 | 105512 |
| Newmont Corporation | COM | 651639106 |  | 2353935 | 27920 | SH |  | SOLE |  | 0 | 0 | 27920 |
| Nextera Energy Inc | COM | 65339F101 |  | 7710549 | 102140 | SH |  | SOLE |  | 0 | 0 | 102140 |
| Oklo Inc | COM CL A | 02156V109 |  | 940818 | 8428 | SH |  | SOLE |  | 0 | 0 | 8428 |
| Oracle Corp | COM | 68389X105 |  | 279834 | 995 | SH |  | SOLE |  | 0 | 0 | 995 |
| Palantir Technologies Inc | CL A | 69608A108 |  | 24510681 | 134364 | SH |  | SOLE |  | 0 | 0 | 134364 |
| Palo Alto Networks Inc | COM | 697435105 |  | 2136381 | 10492 | SH |  | SOLE |  | 0 | 0 | 10492 |
| Parker-Hannifin Corp | COM | 701094104 |  | 10435935 | 13765 | SH |  | SOLE |  | 0 | 0 | 13765 |
| Paypal Hldgs Inc | COM | 70450Y103 |  | 594085 | 8859 | SH |  | SOLE |  | 0 | 0 | 8859 |
| Pepsico Inc | COM | 713448108 |  | 246051 | 1752 | SH |  | SOLE |  | 0 | 0 | 1752 |
| Pfizer | COM | 717081103 |  | 422968 | 16600 | SH |  | SOLE |  | 0 | 0 | 16600 |
| Philip Morris Intl Inc | COM | 718172109 |  | 255952 | 1578 | SH |  | SOLE |  | 0 | 0 | 1578 |
| Procter And Gamble Co | COM | 742718109 |  | 9081022 | 59102 | SH |  | SOLE |  | 0 | 0 | 59102 |
| Qualcomm Inc | COM | 747525103 |  | 20115207 | 120914 | SH |  | SOLE |  | 0 | 0 | 120914 |
| Regeneron Pharmaceuticals | COM | 75886F107 |  | 17226266 | 30637 | SH |  | SOLE |  | 0 | 0 | 30637 |
| Rigetti Computing Inc | COMMON STOCK | 76655K103 |  | 4147662 | 139230 | SH |  | SOLE |  | 0 | 0 | 139230 |
| Royal Gold Inc | COM | 780287108 |  | 5562083 | 27730 | SH |  | SOLE |  | 0 | 0 | 27730 |
| Servicenow Inc | COM | 81762P102 |  | 2218795 | 2411 | SH |  | SOLE |  | 0 | 0 | 2411 |
| Shell Plc | SPON ADS | 780259305 |  | 571453 | 7989 | SH |  | SOLE |  | 0 | 0 | 7989 |
| Shopify Inc | CL A | 82509L107 |  | 7240576 | 48722 | SH |  | SOLE |  | 0 | 0 | 48722 |
| Southern Co | COM | 842587107 |  | 553931 | 5845 | SH |  | SOLE |  | 0 | 0 | 5845 |
| Spire Inc | COM | 84857L101 |  | 1443230 | 17704 | SH |  | SOLE |  | 0 | 0 | 17704 |
| Union Pac Corp | COM | 907818108 |  | 275371 | 1165 | SH |  | SOLE |  | 0 | 0 | 1165 |
| Vanguard Index Fds | S 500 ETF SHS | 922908363 |  | 3498527 | 5713 | SH |  | SOLE |  | 0 | 0 | 5713 |
| Walmart Inc | COM | 931142103 |  | 479847 | 4656 | SH |  | SOLE |  | 0 | 0 | 4656 |

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