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HM PAYSON & CO

ONE PORTLAND SQUARE 5TH FLOOR, PORTLAND, ME 04101 • 2077723761

Q2 2025 · Filed 2025-10-17
Market Value
$6.3B
+10.9%
Holdings
1,040
-26
New Purchases
31
Added To
204
Closed
62
Reduced
287
Top 10 Concentration
39.1%
Turnover
8.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 7.33% 5.50% +1.83% $462M
AVGO 6.01% 4.22% +1.79% $379M
NVDA 4.41% 2.99% +1.42% $278M
LRCX 1.99% 1.48% +0.51% $126M
META 2.30% 1.83% +0.47% $145M
JPM 2.05% 1.65% +0.41% $129M
NVO 0.38% 0.01% +0.37% $24M
SPLG 0.89% 0.52% +0.37% $56M
LHX 2.15% 1.85% +0.30% $136M
AMZN 3.19% 2.91% +0.29% $202M
NVT 0.82% 0.57% +0.25% $52M
ORCL 0.88% 0.64% +0.24% $55M
LLY 0.50% 0.31% +0.19% $31M
HUBB 1.22% 1.05% +0.17% $77M
ASML 1.37% 1.23% +0.14% $87M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.81% 6.95% -1.15% $367M
BRK-B 1.72% 2.25% -0.53% $108M
AMGN 0.66% 1.19% -0.53% $42M
GOOG 3.46% 3.99% -0.53% $219M
ABBV 1.75% 2.25% -0.50% $111M
UNH 0.04% 0.45% -0.41% $3M
NXPI 0.03% 0.38% -0.35% $2M
V 2.26% 2.52% -0.26% $143M
MA 2.14% 2.38% -0.24% $135M
XOM 0.68% 0.90% -0.22% $43M
TMO 1.32% 1.54% -0.21% $84M
IBDQ 1.24% 1.45% -0.21% $79M
RSP 0.15% 0.35% -0.20% $10M
JNJ 0.86% 1.05% -0.19% $54M
MCD 0.91% 1.10% -0.19% $57M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 30.0%
Technology 28.8%
Industrials 10.9%
Healthcare 8.8%
Communication Services 8.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 77 $3.8B 59.6%
Large Cap 605 $1.9B 29.7%
Mid Cap 245 $552M 8.8%
Small Cap 88 $120M 1.9%
Micro Cap 25 $1M 0.0%

Portfolio Analytics

Avg Market Cap
$91.5B
Median Market Cap
$21.3B
Avg P/E
31.5
Median P/E
22.2
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
805
# ETFs / Funds
235

Top Holdings (1,040 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 7.33% 929,577 $462M $497.41 $150M +96,191 +11.5%
2 AVGO 6.01% 1,375,707 $379M $275.65 $139M -58,063 -4.0%
3 AAPL 5.81% 1,786,389 $367M $205.17 -$29M +4,220 +0.2%
4 NVDA 4.41% 1,762,382 $278M $157.99 $108M +192,724 +12.3%
5 GOOG 3.46% 1,232,337 $219M $177.39 -$9M -221,545 -15.2%
6 AMZN 3.19% 919,028 $202M $219.39 $36M +48,968 +5.6%
7 META 2.30% 196,588 $145M $738.09 $41M +15,758 +8.7%
8 V 2.26% 401,582 $143M $355.05 -$618K -7,022 -1.7%
9 IBTH 2.23% 6,259,236 $141M $22.49 $18M +799,454 +14.6%
10 LHX 2.15% 540,433 $136M $250.84 $30M +37,321 +7.4%
11 MA 2.14% 240,527 $135M $561.94 -$257K -6,533 -2.6%
12 JPM 2.05% 446,638 $129M $289.91 $36M +64,628 +16.9%
13 LRCX 1.99% 1,293,129 $126M $97.34 $42M +132,727 +11.4%
14 IBTG 1.84% 5,054,564 $116M $22.93 $8M +340,735 +7.2%
15 ABBV 1.75% 595,509 $111M $185.62 -$18M -16,246 -2.7%
16 BRK-B 1.72% 222,946 $108M $485.77 -$20M -17,483 -7.3%
17 IBTF 1.67% 4,519,160 $106M $23.36 -$9K +1,545 +0.0%
18 ACN 1.63% 344,398 $103M $298.89 $794K +17,059 +5.2%
19 AME 1.62% 564,405 $102M $180.96 $10M +27,013 +5.0%
20 HD 1.58% 271,141 $99M $366.64 $3M +7,729 +2.9%
21 AZO 1.42% 24,114 $90M $3,712.17 $1M +985 +4.3%
22 ASML 1.37% 108,228 $87M $801.39 $17M +2,262 +2.1%
23 TMO 1.32% 205,974 $84M $405.46 -$4M +30,268 +17.2%
24 GOOGL 1.28% 458,040 $81M $176.23 $3M -43,513 -8.7%
25 IBDS 1.25% 3,252,877 $79M $24.27 $1M +49,369 +1.5%
26 IBDQ 1.24% 3,119,530 $79M $25.18 -$4M -168,187 -5.1%
27 IBDR 1.23% 3,196,613 $78M $24.25 $11M +440,848 +16.0%
28 HUBB 1.22% 189,101 $77M $408.41 $17M +8,343 +4.6%
29 SPGI 1.05% 125,330 $66M $527.29 $4M +3,726 +3.1%
30 TJX 0.95% 483,030 $60M $123.49 -$789K -13,177 -2.7%
31 CDW 0.93% 329,195 $59M $178.59 $1M -29,681 -8.3%
32 MCD 0.91% 196,588 $57M $292.17 -$5M -3,552 -1.8%
33 SPLG 0.89% 770,961 $56M $72.69 $27M +322,088 +71.8%
34 ORCL 0.88% 253,255 $55M $218.63 $19M -5,431 -2.1%
35 JNJ 0.86% 353,668 $54M $152.75 -$6M -6,527 -1.8%
36 CAT 0.85% 138,026 $54M $388.21 $2M -17,845 -11.4%
37 MPC 0.84% 320,946 $53M $166.11 -$884K -51,049 -13.7%
38 ABT 0.83% 385,412 $52M $136.01 $496K -6,024 -1.5%
39 NVT 0.82% 705,975 $52M $73.25 $20M +91,849 +15.0%
40 LOW 0.78% 221,475 $49M $221.87 -$5M -10,572 -4.6%
41 AON 0.75% 133,506 $48M $356.76 -$4M +3,850 +3.0%
42 XOM 0.68% 400,720 $43M $107.80 -$8M -31,346 -7.2%
43 AMGN 0.66% 149,928 $42M $279.21 -$26M -68,082 -31.2%
44 GD 0.60% 129,963 $38M $291.66 $2M -1,963 -1.5%
45 TYL 0.59% 62,850 $37M $592.84 $549K -294 -0.5%
46 PG 0.55% 218,765 $35M $159.32 -$4M -8,056 -3.5%
47 CVX 0.53% 234,059 $34M $143.19 -$2M +22,639 +10.7%
48 LLY 0.50% 40,132 $31M $779.53 $14M +18,792 +88.1%
49 SPY 0.49% 50,377 $31M $618.05 -$3M -10,133 -16.8%
50 DHR 0.47% 150,257 $30M $197.54 $1M +10,357 +7.4%
51 WMT 0.44% 284,051 $28M $97.78 $3M +369 +0.1%
52 BRK-A 0.44% 38 $28M $728,800.00 -$3M
53 RTX 0.43% 186,835 $27M $146.02 $2M -941 -0.5%
54 AXP 0.40% 79,826 $25M $318.98 $4M -928 -1.1%
55 DE 0.38% 47,744 $24M $508.51 $10M +16,672 +53.7%
56 NVO 0.38% 348,521 $24M $69.02 $24M +341,480 +4849.9%
57 DOV 0.37% 126,446 $23M $183.23 $6M +26,619 +26.7%
58 IBM 0.36% 77,368 $23M $294.78 $4M +1,663 +2.2%
59 CMI 0.32% 61,916 $20M $327.50 $570K -960 -1.5%
60 SUSA 0.32% 158,757 $20M $126.75 $10M +69,466 +77.8%
61 PH 0.32% 28,527 $20M $698.47 $2M -964 -3.3%
62 DHI 0.31% 149,644 $19M $128.92 -$4M -32,626 -17.9%
63 BAC 0.30% 401,456 $19M $47.32 $2M -9,988 -2.4%
64 TSM 0.26% 72,566 $16M $226.49 $4M -1,436 -1.9%
65 AFL 0.25% 150,047 $16M $105.46 -$4M -26,585 -15.1%
66 MRK 0.25% 197,371 $16M $79.16 -$3M -13,573 -6.4%
67 TXN 0.25% 74,525 $15M $207.62 $724K -7,552 -9.2%
68 FI 0.24% 87,811 $15M $172.41 $5M +44,134 +101.0%
69 CSCO 0.24% 216,614 $15M $69.38 $1M -5,214 -2.4%
70 DPZ 0.23% 32,000 $14M $450.60 $130K +900 +2.9%
71 PEP 0.23% 107,734 $14M $132.04 -$3M -6,016 -5.3%
72 ADP 0.21% 42,023 $13M $308.40 $106K -49 -0.1%
73 PFE 0.19% 498,761 $12M $24.24 -$1M -27,123 -5.2%
74 IDXX 0.18% 21,600 $12M $536.34 $2M -255 -1.2%
75 CSX 0.17% 335,819 $11M $32.63 $950K -4,241 -1.2%
76 IEI 0.17% 91,432 $11M $119.09 $3M +20,524 +28.9%
77 VGSH 0.15% 164,777 $10M $58.78 -$380K -6,720 -3.9%
78 RSP 0.15% 52,307 $10M $181.74 -$11M -64,279 -55.1%
79 INTU 0.13% 10,791 $8M $787.63 $2M
80 BDX 0.13% 48,336 $8M $172.25 -$4M -3,354 -6.5%
81 SGOV 0.12% 78,190 $8M $100.69 +78,190 NEW
82 OTIS 0.12% 77,736 $8M $99.02 -$3M -29,331 -27.4%
83 PM 0.12% 41,440 $8M $182.13 $965K -28 -0.1%
84 AMT 0.12% 33,811 $7M $221.02 $94K -100 -0.3%
85 VTI 0.11% 23,675 $7M $303.93 -$7K -2,530 -9.7%
86 KO 0.11% 96,390 $7M $70.75 -$105K -292 -0.3%
87 SHW 0.10% 19,228 $7M $343.36 -$507K -1,130 -5.5%
88 GE 0.10% 25,639 $7M $257.39 $2M +310 +1.2%
89 SPYV 0.10% 121,945 $6M $52.34 $155K
90 CARR 0.10% 86,910 $6M $73.19 $757K -1,473 -1.7%
91 MDLZ 0.10% 93,392 $6M $67.44 -$62K -346 -0.4%
92 CL 0.10% 67,757 $6M $90.90 -$262K -774 -1.1%
93 IEF 0.10% 63,890 $6M $95.77 $2M +21,549 +50.9%
94 BX 0.10% 40,478 $6M $149.58 -$232K -4,500 -10.0%
95 VIG 0.09% 29,004 $6M $204.67 $903K +3,059 +11.8%
96 ITW 0.09% 24,006 $6M $247.25 $10K +112 +0.5%
97 APD 0.09% 20,376 $6M $282.06 -$307K -154 -0.8%
98 TRV 0.09% 21,068 $6M $267.54 -$28K -350 -1.6%
99 BILS 0.08% 52,069 $5M $99.43 -$441K -4,400 -7.8%
100 EMR 0.08% 37,700 $5M $133.33 $988K +868 +2.4%

New Positions

SymbolValue% Port
SGOV $8M 0.12%
BNDX $1M 0.02%
PSLV $154K —%
IBTJ $152K —%
RAL $122K —%
FNV $82K —%
CRCL $60K —%
HL $60K —%
IEUR $58K —%
IGOV $52K —%
NG $41K —%
HLNE $36K —%
REFR $32K —%
SCS $31K —%
IUSB $21K —%

Sold Out Positions

SymbolValue% Port
NFG —%
GWRE —%
RYAN —%
M —%
PJT —%
TSQ —%
NCLH —%
ETG —%
WMK —%
EXG —%
CAVA —%
LUMN —%
STEM —%
GFF —%
SMG —%
View SEC EDGAR Filings for HM PAYSON & CO →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms