Bollard Group LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Bollard Group LLC reported 284 stock positions worth $3.8 billion. Its top holding was Boston Scientific (BSX) at 54.3% of the portfolio, followed by Eli Lilly (LLY, 5.2%) and Gartner (IT, 3.9%). Compared with Q4 2024, it opened 3 new positions, sold out of 6, added to 194 and reduced 17. The biggest buy was a new position in State STR SPDR S&P 500 ETF T and the biggest sale Merck (MRK, shares −0%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001556218
Portfolio Value
$3.8B (Q1 2025)
SEC Filing
0000929638-25-001883 ↗ filed May 15, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $3.3B Q1 2024 Q2 2024: $3.5B Q2 2024 Q3 2024: $3.8B Q3 2024 Q4 2024: $3.6B Q4 2024 Q1 2025: $3.8B $3.8B Q1 2025 Q2 2025: $4.4B Q2 2025 Q3 2025: $4.0B Q3 2025 Q4 2025: $3.8B Q4 2025 Q1 2026: $3.3B Q1 2026 Q2 2026: $3.3B Q2 2026

Holdings 284 stocks · $3.8B
BSX Boston Scientific Corp. 54.28% 20,490,826 $2.1B Reduce -1.2%
LLY Eli Lilly & Co. 5.21% 240,143 $198.3M Add +0.1%
IT Gartner Inc. 3.94% 357,837 $150.2M Add +0.0%
AMZN Amazon.com Inc. 3.58% 715,772 $136.2M Add +0.0%
MSFT Microsoft Corp. 2.77% 281,035 $105.5M Add +0.2%
OKE Oneok Inc. 1.96% 753,588 $74.8M Add +1.0%
SCCO Southern Copper Corp. 1.79% 731,330 $68.3M Add +1.3%
GOOG Alphabet Inc. Class C 1.73% 422,092 $65.9M Add +0.1%
CAT Caterpillar Inc. 1.69% 194,720 $64.2M Add +0.2%
EPD Enterprise Products Partners 1.39% 1,549,414 $52.9M Add +1.5%
AEP American Electric Power 1.35% 471,398 $51.5M Add +0.8%
SO The Southern Co. 0.93% 385,155 $35.4M Add +0.8%
KKR KKR & Co. Inc. 0.85% 280,088 $32.4M Add +0.1%
JPM JPMorgan Chase & Co. 0.79% 123,074 $30.2M Add +0.5%
PEG Public Service Enterprise GP 0.76% 351,462 $28.9M Add +0.7%
DE Deere & Co. 0.71% 57,841 $27.1M Add +0.3%
MS Morgan Stanley 0.67% 219,340 $25.6M Add +0.7%
DUK Duke Energy Corp. 0.67% 207,968 $25.4M Add +0.8%
WMT Walmart Inc. 0.63% 275,370 $24.2M Add +0.2%
EMR Emerson Electric Co. 0.61% 211,265 $23.2M Add +0.4%
KMI Kinder Morgan Inc. 0.58% 779,690 $22.2M Add +1.0%
CVX Chevron Corp. 0.56% 127,820 $21.4M Add +1.0%
PAA Plains All Amer Pipeline LP 0.52% 999,150 $20.0M Add +1.8%
MPLX MPLX LP 0.49% 345,547 $18.5M Add +1.6%
KO The Coca-Cola Co. 0.48% 253,661 $18.2M Reduce -0.2%
MRK Merck & Co. Inc. 0.37% 155,882 $14.0M Reduce -0.1%
ET Energy Transfer LP 0.36% 742,618 $13.8M Add +1.8%
COP Conocophillips 0.35% 127,170 $13.4M Add +0.8%
PSX Phillips 66 0.34% 104,336 $12.9M Add +0.8%
PM Philip Morris International 0.31% 74,863 $11.9M Add +1.0%
V Visa Inc. Class A 0.30% 32,745 $11.5M Add +0.1%
ABT Abbott Laboratories 0.30% 85,784 $11.4M Add +0.4%
ENB Enbridge Inc. 0.29% 249,369 $11.1M Add +1.1%
JNJ Johnson & Johnson 0.28% 64,080 $10.6M Add +0.7%
BP BP PLC-Spons ADR 0.27% 299,750 $10.1M Add +1.4%
FE Firstenergy Corp. 0.22% 205,379 $8.3M Add +1.0%
QQQ Invesco QQQ Trust Series 1 0.22% 17,496 $8.2M No change
LOW Lowe's Cos Inc. 0.21% 34,022 $7.9M Add +0.3%
VLO Valero Energy Corp. 0.20% 56,830 $7.5M Add +0.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 177,143 $7.4M Add +0.5%
BMY Bristol-Myers Squibb Co. 0.19% 120,697 $7.4M Add +0.8%
FTS Fortis Inc. 0.18% 154,292 $7.0M Add +0.5%
VOO Vanguard S&P 500 ETF 0.18% 13,218 $6.8M Add +0.3%
KMB Kimberly-Clark Corp. 0.18% 47,170 $6.7M Reduce -1.4%
T AT&T Inc. 0.17% 231,372 $6.5M Add +1.0%
DINO HF Sinclair Corp. 0.17% 194,667 $6.4M Reduce -7.1%
UNH Unitedhealth Group Inc. 0.17% 12,074 $6.3M Add +0.2%
PLD Prologis Inc. 0.16% 55,479 $6.2M Add +0.9%
STATE STR SPDR S&P 500 ETF T 0.16% 6,000 $6.2M New
NI Nisource Inc. 0.16% 150,739 $6.0M Add +0.7%
GS Goldman Sachs Group Inc. 0.15% 10,791 $5.9M Add +0.5%
NVDA Nvidia Corp. 0.15% 53,698 $5.8M Add +6.1%
PPL PPL Corp. 0.14% 152,563 $5.5M Add +0.7%
NDAQ Nasdaq Inc. 0.14% 72,468 $5.5M Add +0.3%
TECX Tectonic Therapeutic Inc. 0.14% 302,953 $5.4M New
UBER Uber Technologies Inc. 0.14% 71,151 $5.2M No change
UNP Union Pacific Corp. 0.13% 21,293 $5.0M Add +0.4%
PEP Pepsico Inc. 0.13% 31,941 $4.8M Add +1.2%
IWF iShares Russell 1000 Growth 0.12% 12,318 $4.4M Add +0.1%
HON Honeywell International Inc. 0.11% 20,129 $4.3M Add +0.5%
ALL Allstate Corp. 0.11% 19,727 $4.1M Add +0.5%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.10% 11,552 $4.0M Add +0.2%
CL Colgate-Palmolive Co. 0.10% 40,197 $3.8M Add +0.5%
COST Costco Wholesale Corp. 0.10% 3,832 $3.6M Add +0.1%
XOM Exxon Mobil Corp. 0.09% 29,729 $3.5M Add +0.5%
GPC Genuine Parts Co. 0.09% 29,186 $3.5M Add +0.8%
AAPL Apple Inc. 0.09% 15,575 $3.5M Add +0.1%
NTR Nutrien Ltd. 0.09% 66,323 $3.3M Add +0.7%
ACN Accenture PLC Class A 0.08% 10,193 $3.2M Add +0.4%
RTX RTX Corp. 0.08% 23,194 $3.1M Add +0.3%
MAS Masco Corp. 0.08% 43,583 $3.0M Add +0.4%
WMB Williams Cos Inc. 0.08% 50,494 $3.0M Add +0.8%
MLPX Global X MLP & Energy Infras 0.08% 44,943 $2.9M Add +1.2%
VZ Verizon Communications Inc. 0.07% 62,107 $2.8M Add +1.6%
PG The Procter & Gamble Co. 0.07% 16,012 $2.7M Add +0.5%
RYN Rayonier Inc. 0.07% 95,632 $2.7M Add +3.1%
MO Altria Group Inc. 0.07% 44,002 $2.6M Reduce -7.9%
ORCL Oracle Corp. 0.07% 17,949 $2.5M Add +0.2%
TPYP Managed Portfolio Series 0.07% 68,221 $2.5M Add +2.0%
AMLP Alerian MLP ETF 0.06% 47,042 $2.4M Add +6.3%
ED Consolidated Edison Inc. 0.06% 21,456 $2.4M Add +1.1%
PAYX Paychex Inc. 0.06% 14,949 $2.3M Add +0.5%
ACRS Aclaris Therapeutics Inc. 0.06% 1,424,176 $2.2M New
FANG Diamondback Energy Inc. 0.06% 13,173 $2.1M Reduce -29.8%
MDLZ Mondelez International Inc. Class A 0.05% 30,832 $2.1M Add +0.8%
META Meta Platforms Inc. Class A 0.05% 3,523 $2.0M Add +0.0%
DKNG Draftkings Inc. Class A 0.05% 59,417 $2.0M No change
HD Home Depot Inc. 0.05% 5,329 $2.0M Add +0.2%
CLX Clorox Company 0.05% 13,143 $1.9M Add +0.7%
LMT Lockheed Martin Corp. 0.05% 3,921 $1.8M No change
RCI Rogers Communications Inc. Class B 0.04% 63,320 $1.7M Reduce -11.3%
MTCH Match Group Inc. 0.04% 54,202 $1.7M Add +0.6%
SHEL Shell PLC-ADR 0.04% 23,009 $1.7M Add +1.2%
BKH Black Hills Corp. 0.04% 25,439 $1.5M Add +1.3%
NEE Nextera Energy Inc. 0.04% 21,649 $1.5M Add +0.4%
CVS CVS Health Corp. 0.04% 21,734 $1.5M Add +1.2%
EOG EOG Resources Inc. 0.04% 11,308 $1.4M Add +0.8%
JCI Johnson Controls Internation 0.04% 17,983 $1.4M Add +0.4%
NGG National Grid PLC-SP ADR 0.04% 21,474 $1.4M Add +1.1%
CMCSA Comcast Corp. Class A 0.04% 38,159 $1.4M Add +0.8%

Show all 284 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $6K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 216$6KNo change

Total filed on the 13F, all lines: $3.8B.

Portfolio Sells Q4 2024 → Q1 2025
MRK Merck & Co. Inc. Reduce -0.1% 0.37% −0.06
DINO HF Sinclair Corp. Reduce -7.1% 0.17% −0.04
FANG Diamondback Energy Inc. Reduce -29.8% 0.06% −0.03
RCI Rogers Communications Inc. Class B Reduce -11.3% 0.04% −0.02
BCE Bce Inc. Reduce -34.9% 0.02% −0.01
BHP BHP Group Ltd.-Spon ADR Reduce -16.6% 0.03% −0.01
UL Unilever PLC Reduce -15.4% 0.03% −0.01
USB US Bancorp Reduce -7.0% 0.02% −0.00
PFE Pfizer Inc. Reduce -6.6% 0.02% −0.00
DVN Devon Energy Corp. Reduce -24.7% 0.01% −0.00
RGP Resources Connection Inc. Reduce -27.9% 0.00% −0.00
ENLC Enlink Midstream LLC Sold out 0.00% −0.00
HAL Halliburton Co. Reduce -29.6% 0.00% −0.00
GAP The Gap Inc. Sold out 0.00% −0.00
KHC The Kraft Heinz Co. Sold out 0.00% −0.00
OIH Vaneck Oil Services ETF Sold out 0.00% −0.00
CNDT Conduent Inc. Sold out 0.00% 0.00
CTMX Cytomx Therapeutics Inc. Sold out 0.00% 0.00
VTRS Viatris Inc. Reduce -43.1% 0.00% 0.00
MO Altria Group Inc. Reduce -7.9% 0.07% +0.00
KMB Kimberly-Clark Corp. Reduce -1.4% 0.18% +0.00
KO The Coca-Cola Co. Reduce -0.2% 0.48% +0.04
BSX Boston Scientific Corp. Reduce -1.2% 54.28% +2.96

Portfolio Buys Q4 2024 → Q1 2025
STATE STR SPDR S&P 500 ETF T New 0.16% +0.16
AEP American Electric Power Add +0.8% 1.35% +0.16
TECX Tectonic Therapeutic Inc. New 0.14% +0.14
LLY Eli Lilly & Co. Add +0.1% 5.21% +0.08
PM Philip Morris International Add +1.0% 0.31% +0.06
EPD Enterprise Products Partners Add +1.5% 1.39% +0.06
PAA Plains All Amer Pipeline LP Add +1.8% 0.52% +0.06
SO The Southern Co. Add +0.8% 0.93% +0.06
ACRS Aclaris Therapeutics Inc. New 0.06% +0.06
CVX Chevron Corp. Add +1.0% 0.56% +0.05
DUK Duke Energy Corp. Add +0.8% 0.67% +0.05
DE Deere & Co. Add +0.3% 0.71% +0.04
MPLX MPLX LP Add +1.6% 0.49% +0.03
ABT Abbott Laboratories Add +0.4% 0.30% +0.03
T AT&T Inc. Add +1.0% 0.17% +0.03
JNJ Johnson & Johnson Add +0.7% 0.28% +0.02
BP BP PLC-Spons ADR Add +1.4% 0.27% +0.02
V Visa Inc. Class A Add +0.1% 0.30% +0.01
AJG Arthur J Gallagher & Co. Add +0.2% 0.10% +0.01
CVS CVS Health Corp. Add +1.2% 0.04% +0.01
PSX Phillips 66 Add +0.8% 0.34% +0.01
ED Consolidated Edison Inc. Add +1.1% 0.06% +0.01
PPL PPL Corp. Add +0.7% 0.14% +0.01
FTS Fortis Inc. Add +0.5% 0.18% +0.01
RTX RTX Corp. Add +0.3% 0.08% +0.01
NI Nisource Inc. Add +0.7% 0.16% +0.01
VZ Verizon Communications Inc. Add +1.6% 0.07% +0.01
BMY Bristol-Myers Squibb Co. Add +0.8% 0.19% +0.01
VLO Valero Energy Corp. Add +0.8% 0.20% +0.01
AMLP Alerian MLP ETF Add +6.3% 0.06% +0.01
NTR Nutrien Ltd. Add +0.7% 0.09% +0.00
SHEL Shell PLC-ADR Add +1.2% 0.04% +0.00
XOM Exxon Mobil Corp. Add +0.5% 0.09% +0.00
MDLZ Mondelez International Inc. Class A Add +0.8% 0.05% +0.00
WMB Williams Cos Inc. Add +0.8% 0.08% +0.00
COP Conocophillips Add +0.8% 0.35% +0.00
AMGN Amgen Inc. Add +0.8% 0.03% +0.00
RYN Rayonier Inc. Add +3.1% 0.07% +0.00
PAYX Paychex Inc. Add +0.5% 0.06% +0.00
ALL Allstate Corp. Add +0.5% 0.11% +0.00
COR Cencora Inc. Add +0.2% 0.02% +0.00
MMM 3M Co. Add +0.2% 0.03% +0.00
TPYP Managed Portfolio Series Add +2.0% 0.07% +0.00
NGG National Grid PLC-SP ADR Add +1.1% 0.04% +0.00
EXC Exelon Corp. Add +0.8% 0.01% +0.00
PLD Prologis Inc. Add +0.9% 0.16% +0.00
OTIS Otis Worldwide Corp. Add +0.2% 0.03% +0.00
EQT Eqt Corp. Add +0.3% 0.01% +0.00
ABBV Abbvie Inc. Add +0.1% 0.01% +0.00
AIG American International Group Add +0.5% 0.01% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 307$3.3BBSX, CAT, LLY, AMZN, SPY
Q1 2026 302$3.3BBSX, LLY, CAT, AMZN, SCCO
Q4 2025 288$3.8BBSX, LLY, AMZN, MSFT, GOOG
Q3 2025 268$4.0BBSX, AMZN, MSFT, LLY, GOOG
Q2 2025 293$4.4BBSX, LLY, AMZN, STATE STR SPDR S&P 500 ETF T, MSFT
Q1 2025 284$3.8BBSX, LLY, IT, AMZN, MSFT
Q4 2024 287$3.6BBSX, LLY, IT, AMZN, MSFT
Q3 2024 303$3.8BBSX, LLY, IT, AMZN, MSFT
Q2 2024 302$3.5BBSX, LLY, IT, AMZN, MSFT
Q1 2024 303$3.3BBSX, LLY, IT, AMZN, MSFT