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HM PAYSON & CO

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

Q4 2025 · Filed 2026-02-12
Market Value
$7.1B
+1.9%
Holdings
1,193
+87
New Purchases
118
Added To
213
Closed
75
Reduced
276
Top 10 Concentration
41.2%
Turnover
16.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOG 5.22% 4.25% +0.98% $370M
IBDT 0.82% 0.02% +0.81% $58M
IBDU 0.71% 0.04% +0.67% $51M
IBDV 0.51% 0.02% +0.49% $36M
LDRC 0.44% 0.00% +0.44% $31M
GOOGL 1.99% 1.58% +0.41% $141M
IBTG 2.12% 1.82% +0.30% $150M
HON 0.33% 0.04% +0.29% $23M
DHR 0.76% 0.48% +0.28% $54M
TMO 1.74% 1.47% +0.27% $123M
LLY 0.70% 0.44% +0.26% $50M
AAPL 6.77% 6.51% +0.26% $480M
IBDR 1.47% 1.24% +0.22% $104M
LRCX 2.71% 2.49% +0.22% $192M
IBDS 1.45% 1.26% +0.20% $103M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBTF 0.00% 1.73% -1.73% $0
IBDQ 0.00% 1.27% -1.27% $0
META 1.48% 2.09% -0.61% $105M
MSFT 6.32% 6.88% -0.56% $448M
CDW 0.28% 0.72% -0.44% $20M
HD 1.17% 1.58% -0.42% $83M
AZO 1.09% 1.47% -0.38% $77M
ORCL 0.68% 1.02% -0.33% $48M
LOW 0.53% 0.80% -0.27% $38M
LHX 1.72% 1.92% -0.21% $122M
CSL 0.36% 0.56% -0.20% $25M
AVGO 6.00% 6.20% -0.20% $425M
MPC 0.70% 0.88% -0.18% $49M
RSP 0.55% 0.72% -0.17% $39M
DPZ 0.00% 0.16% -0.16% $11K

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 76 $4.3B 61.4%
Large Cap 692 $1.9B 27.2%
Mid Cap 291 $732M 10.3%
Small Cap 105 $40M 0.6%
Micro Cap 29 $38M 0.5%

Portfolio Analytics

Avg Market Cap
$82.3B
Median Market Cap
$18.8B
Avg P/E
31.1
Median P/E
22.5
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
914
# ETFs / Funds
279

Top Holdings (1,193 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 6.77% 1,764,533 $480M $271.86 $27M -12,867 -0.7%
2 MSFT 6.32% 925,763 $448M $483.62 -$31M +1,773 +0.2%
3 AVGO 6.00% 1,228,840 $425M $346.10 -$6M -77,899 -6.0%
4 GOOG 5.22% 1,179,368 $370M $313.80 $75M -33,261 -2.7%
5 NVDA 4.57% 1,737,214 $324M $186.50 -$3M -16,307 -0.9%
6 AMZN 3.02% 926,368 $214M $230.82 $11M +3,436 +0.4%
7 LRCX 2.71% 1,121,345 $192M $171.18 $19M -171,361 -13.3%
8 IBTH 2.36% 7,429,326 $167M $22.47 $14M +629,765 +9.3%
9 JPM 2.13% 468,495 $151M $322.22 $8M +14,681 +3.2%
10 IBTG 2.12% 6,558,915 $150M $22.88 $23M +1,045,183 +19.0%
11 GOOGL 1.99% 449,257 $141M $313.00 $31M -2,377 -0.5%
12 V 1.94% 392,403 $138M $350.71 $4M +533 +0.1%
13 MA 1.92% 237,989 $136M $570.88 $475K -32 -0.0%
14 ABBV 1.91% 592,853 $135M $228.49 -$2M +423 +0.1%
15 TMO 1.74% 212,761 $123M $579.45 $21M +1,798 +0.8%
16 LHX 1.72% 413,921 $122M $293.57 -$12M -23,489 -5.4%
17 AME 1.64% 567,340 $116M $205.31 $10M +2,085 +0.4%
18 BRK-B 1.54% 216,893 $109M $502.65 -$1M -2,608 -1.2%
19 META 1.48% 158,927 $105M $660.09 -$40M -38,787 -19.6%
20 ASML 1.47% 97,195 $104M $1,069.86 $9M -1,436 -1.5%
21 IBDR 1.47% 4,283,152 $104M $24.23 $17M +723,189 +20.3%
22 IBDS 1.45% 4,238,514 $103M $24.28 $16M +652,309 +18.2%
23 HD 1.17% 239,942 $83M $344.10 -$27M -31,580 -11.6%
24 AZO 1.09% 22,733 $77M $3,391.50 -$25M -1,138 -4.8%
25 ACN 1.06% 280,464 $75M $268.30 -$2M -31,515 -10.1%
26 JNJ 1.03% 353,304 $73M $206.95 $7M -1,328 -0.4%
27 TJX 1.03% 474,292 $73M $153.61 $3M -7,416 -1.5%
28 CAT 1.01% 124,445 $71M $572.87 $12M -648 -0.5%
29 HUBB 0.94% 149,416 $66M $444.11 $948K -2,590 -1.7%
30 SPGI 0.92% 124,282 $65M $522.59 $5M +574 +0.5%
31 MCD 0.86% 198,466 $61M $305.63 -$583K -3,055 -1.5%
32 IBDT 0.82% 2,290,213 $58M $25.45 $57M +2,246,627 +5154.5%
33 NVT 0.82% 569,928 $58M $101.97 -$435K -23,652 -4.0%
34 SPLG 0.81% 711,999 $57M $80.22 $2M +11,839 +1.7%
35 DHR 0.76% 235,370 $54M $228.92 $20M +66,666 +39.5%
36 AMGN 0.72% 154,899 $51M $327.31 $9M +5,985 +4.0%
37 IBDU 0.71% 2,162,265 $51M $23.41 $48M +2,040,616 +1677.5%
38 LLY 0.70% 46,388 $50M $1,074.68 $19M +6,356 +15.9%
39 MPC 0.70% 302,970 $49M $162.63 -$12M -13,018 -4.1%
40 ORCL 0.68% 247,396 $48M $194.91 -$22M -3,622 -1.4%
41 ABT 0.67% 377,118 $47M $125.29 -$4M -6,572 -1.7%
42 AON 0.62% 124,963 $44M $352.88 -$3M -8,058 -6.1%
43 GD 0.61% 127,755 $43M $336.66 -$786K -678 -0.5%
44 XOM 0.58% 338,992 $41M $120.34 $3M +4,666 +1.4%
45 RSP 0.55% 204,199 $39M $191.56 -$11M -59,448 -22.6%
46 LOW 0.53% 156,950 $38M $241.16 -$18M -64,363 -29.1%
47 IBDV 0.51% 1,652,913 $36M $22.07 $35M +1,580,200 +2173.2%
48 RTX 0.48% 184,755 $34M $183.40 $3M -311 -0.2%
49 SPY 0.48% 49,525 $34M $682.15 $243K -806 -1.6%
50 LDRC 0.44% 1,239,704 $31M $25.38 +1,239,704 NEW
51 PG 0.44% 218,959 $31M $143.31 -$3M -6,142 -2.7%
52 WMT 0.44% 276,636 $31M $111.41 $2M -2,038 -0.7%
53 CMI 0.43% 60,259 $31M $510.45 $5M
54 AXP 0.41% 78,866 $29M $369.95 $3M -377 -0.5%
55 BRK-A 0.40% 38 $29M $754,800.00 $23K
56 CVX 0.39% 180,586 $28M $152.41 $2M +18,172 +11.2%
57 TYL 0.38% 59,884 $27M $453.95 -$5M -1,668 -2.7%
58 IBM 0.36% 86,138 $26M $296.21 $1M -650 -0.8%
59 CSL 0.36% 78,672 $25M $319.86 -$14M -39,138 -33.2%
60 PH 0.35% 28,267 $25M $878.96 $3M -269 -0.9%
61 SUSA 0.35% 177,572 $25M $139.34 $3M +15,586 +9.6%
62 HON 0.33% 119,289 $23M $195.09 $20M +105,819 +785.6%
63 BAC 0.31% 397,270 $22M $55.00 $1M +508 +0.1%
64 DOV 0.30% 107,739 $21M $195.24 $5M +10,164 +10.4%
65 WFC 0.29% 217,760 $20M $93.20 $2M -944 -0.4%
66 DHI 0.28% 139,288 $20M $144.03 -$4M -2,907 -2.0%
67 CDW 0.28% 145,272 $20M $136.20 -$30M -169,284 -53.8%
68 MRK 0.28% 187,478 $20M $105.26 $4M -3,712 -1.9%
69 VIG 0.26% 82,685 $18M $219.78 $4M +15,654 +23.4%
70 TSM 0.25% 58,554 $18M $303.89 $1M -666 -1.1%
71 VEA 0.23% 258,574 $16M $62.47 $12M +181,898 +237.2%
72 CSCO 0.23% 208,169 $16M $77.03 $2M -3,447 -1.6%
73 PEP 0.23% 111,596 $16M $143.52 $217K -900 -0.8%
74 DE 0.23% 34,333 $16M $465.62 -$6M -13,112 -27.6%
75 AFL 0.22% 142,877 $16M $110.27 -$569K -3,265 -2.2%
76 IDXX 0.21% 21,796 $15M $676.53 $597K -349 -1.6%
77 IBTI 0.20% 618,956 $14M $22.37 $12M +539,718 +681.1%
78 DGRO 0.18% 186,220 $13M $69.42 $12M +177,093 +1940.3%
79 TXN 0.17% 70,789 $12M $173.49 -$868K -777 -1.1%
80 CSX 0.17% 324,174 $12M $36.25 $214K -732 -0.2%
81 IEI 0.16% 97,633 $12M $119.35 -$16K
82 PFE 0.16% 459,931 $11M $24.90 -$665K -15,626 -3.3%
83 MSCI 0.16% 19,281 $11M $573.74 +19,281 NEW
84 ADP 0.15% 41,655 $11M $257.23 -$2M -193 -0.5%
85 VGSH 0.14% 170,281 $10M $58.73 -$4K +274 +0.2%
86 IBTJ 0.13% 404,684 $9M $21.94 $9M +397,769 +5752.3%
87 BDX 0.12% 44,232 $9M $194.07 -$224K -2,829 -6.0%
88 PM 0.12% 51,478 $8M $160.40 -$94K -8 -0.0%
89 VTI 0.11% 23,864 $8M $335.27 $170K +1
90 ETN 0.11% 23,889 $8M $318.51 -$1M -389 -1.6%
91 GE 0.11% 24,700 $8M $308.03 $146K -106 -0.4%
92 INTU 0.10% 10,800 $7M $662.42 -$215K +9 +0.1%
93 SPIB 0.10% 207,155 $7M $33.81 $737K +22,233 +12.0%
94 KO 0.09% 94,551 $7M $69.91 $267K -1,099 -1.1%
95 LDRT 0.09% 249,726 $6M $25.32 +249,726 NEW
96 IEF 0.09% 63,890 $6M $96.16 -$19K
97 BX 0.09% 39,545 $6M $154.14 -$684K -133 -0.3%
98 TRV 0.08% 20,568 $6M $290.06 $223K
99 AMT 0.08% 33,701 $6M $175.57 -$586K -112 -0.3%
100 BMY 0.08% 109,413 $6M $53.94 $2M +14,921 +15.8%

New Positions

SymbolValue% Port
LDRC $31M 0.44%
MSCI $11M 0.16%
LDRT $6M 0.09%
IBTK $5M 0.08%
HGER $993K 0.01%
SDCI $987K 0.01%
NYF $826K 0.01%
NUEM $248K —%
NUSC $239K —%
EUSA $207K —%
AKRE $198K —%
SOLS $123K —%
TOTB.DE $101K —%
FNDE $90K —%
SOTK $89K —%

Sold Out Positions

SymbolValue% Port
WT —%
FINV —%
EPC —%
AVTR —%
WMS —%
GIB —%
AES —%
DB —%
RYN —%
UNF —%
LVS —%
KMX —%
FAF —%
UL —%
KGC —%
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