Bollard Group LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Bollard Group LLC reported 288 stock positions worth $3.8 billion. Its top holding was Boston Scientific (BSX) at 47.6% of the portfolio, followed by Eli Lilly (LLY, 5.6%) and Amazon.com (AMZN, 4.5%). Compared with Q3 2025, it opened 26 new positions, sold out of 9, added to 111 and reduced 108. The biggest buy was Alphabet Class A (GOOGL, shares +12%) and the biggest sale Microsoft (MSFT, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001556218
- Portfolio Value
- $3.8B (Q4 2025)
- SEC Filing
- 0000929638-26-000624 ↗ filed Feb 13, 2026
Holdings Value
Holdings 288 stocks · $3.8B
| BSX Boston Scientific Corp. | 47.60% | 19,000,469 | $1.8B | Reduce -3.7% |
| LLY Eli Lilly & Co. | 5.60% | 198,220 | $213.0M | Reduce -4.4% |
| AMZN Amazon.com Inc. | 4.54% | 748,693 | $172.8M | Reduce -4.8% |
| MSFT Microsoft Corp. | 3.69% | 290,716 | $140.6M | Reduce -9.9% |
| GOOG Alphabet Inc. Class C | 3.50% | 424,972 | $133.4M | Reduce -11.8% |
| CAT Caterpillar Inc. | 3.02% | 200,490 | $114.9M | Reduce -11.6% |
| SCCO Southern Copper Corp. | 2.85% | 756,187 | $108.6M | Reduce -15.1% |
| IT Gartner Inc. | 1.79% | 269,744 | $68.1M | Reduce -10.5% |
| EPD Enterprise Products Partners | 1.37% | 1,625,178 | $52.1M | Reduce -13.6% |
| OKE Oneok Inc. | 1.21% | 627,215 | $46.1M | Reduce -30.6% |
| AEP American Electric Power | 1.19% | 393,690 | $45.4M | Reduce -29.7% |
| JPM JPMorgan Chase & Co. | 1.08% | 127,379 | $41.0M | Reduce -9.9% |
| MS Morgan Stanley | 1.01% | 217,117 | $38.5M | Reduce -16.3% |
| TMO Thermo Fisher Scientific Inc. | 0.94% | 62,000 | $35.9M | Reduce 0.0% |
| KKR KKR & Co. Inc. | 0.94% | 280,919 | $35.8M | Add +0.1% |
| WMT Walmart Inc. | 0.83% | 284,657 | $31.7M | Reduce -7.4% |
| MSGS Madison Square Garden Sports | 0.82% | 121,000 | $31.3M | No change |
| SO The Southern Co. | 0.74% | 322,040 | $28.1M | Reduce -28.5% |
| NVDA Nvidia Corp. | 0.72% | 146,380 | $27.3M | Reduce -7.9% |
| PEG Public Service Enterprise GP | 0.69% | 326,408 | $26.2M | Reduce -20.4% |
| EMR Emerson Electric Co. | 0.63% | 180,762 | $24.0M | Reduce -25.9% |
| DE Deere & Co. | 0.62% | 50,308 | $23.4M | Reduce -20.9% |
| DUK Duke Energy Corp. | 0.58% | 187,007 | $21.9M | Reduce -22.5% |
| PAA Plains All Amer Pipeline LP | 0.53% | 1,129,254 | $20.3M | Reduce -6.8% |
| CVX Chevron Corp. | 0.52% | 130,820 | $19.9M | Reduce -11.1% |
| KMI Kinder Morgan Inc. | 0.51% | 707,032 | $19.4M | Reduce -21.4% |
| MPLX MPLX LP | 0.50% | 353,420 | $18.9M | Reduce -13.2% |
| AAPL Apple Inc. | 0.44% | 61,157 | $16.6M | Reduce -9.0% |
| KO The Coca-Cola Co. | 0.42% | 227,716 | $15.9M | Reduce -21.3% |
| TSLA Tesla Inc. | 0.41% | 34,598 | $15.6M | Reduce -14.9% |
| PSX Phillips 66 | 0.37% | 109,684 | $14.2M | Reduce -6.2% |
| MRK Merck & Co. Inc. | 0.37% | 132,074 | $13.9M | Reduce -23.8% |
| ET Energy Transfer LP | 0.35% | 810,912 | $13.4M | Reduce -11.4% |
| COP Conocophillips | 0.35% | 141,435 | $13.2M | Reduce -4.6% |
| META Meta Platforms Inc. Class A | 0.35% | 19,896 | $13.1M | Reduce -13.6% |
| BP BP PLC-Spons ADR | 0.33% | 357,211 | $12.4M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.28% | 34,231 | $10.7M | Add +12.3% |
| JNJ Johnson & Johnson | 0.27% | 49,933 | $10.3M | Reduce -31.4% |
| GS Goldman Sachs Group Inc. | 0.27% | 11,705 | $10.3M | Add +0.4% |
| VLO Valero Energy Corp. | 0.27% | 62,396 | $10.2M | Reduce -4.3% |
| PM Philip Morris International | 0.26% | 60,841 | $9.8M | Reduce -27.0% |
| FE Firstenergy Corp. | 0.25% | 214,385 | $9.6M | Reduce -6.1% |
| ENB Enbridge Inc. | 0.25% | 199,448 | $9.5M | Reduce -30.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 173,280 | $9.5M | Reduce -15.2% |
| V Visa Inc. Class A | 0.24% | 26,098 | $9.2M | Reduce -29.0% |
| ABT Abbott Laboratories | 0.23% | 68,567 | $8.6M | Reduce -27.3% |
| PLD Prologis Inc. | 0.20% | 59,957 | $7.7M | Reduce -0.1% |
| FTS Fortis Inc. | 0.20% | 149,996 | $7.5M | Reduce -12.7% |
| LOW Lowe's Cos Inc. | 0.19% | 30,695 | $7.4M | Reduce -16.5% |
| NDAQ Nasdaq Inc. | 0.19% | 73,109 | $7.1M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.18% | 126,294 | $6.8M | Reduce -5.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.17% | 10,393 | $6.4M | Reduce -44.0% |
| NI Nisource Inc. | 0.17% | 151,579 | $6.3M | Reduce -9.2% |
| TECX Tectonic Therapeutic Inc. | 0.17% | 302,953 | $6.3M | No change |
| IWF iShares Russell 1000 Growth | 0.15% | 12,352 | $5.8M | Add +0.1% |
| T AT&T Inc. | 0.14% | 216,684 | $5.4M | Reduce -17.4% |
| UNP Union Pacific Corp. | 0.14% | 23,152 | $5.4M | Add +0.6% |
| PPL PPL Corp. | 0.12% | 133,553 | $4.7M | Reduce -22.6% |
| UBER Uber Technologies Inc. | 0.12% | 55,561 | $4.5M | Reduce -25.5% |
| NTR Nutrien Ltd. | 0.12% | 72,500 | $4.5M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.12% | 30,796 | $4.4M | Reduce -6.9% |
| RTX RTX Corp. | 0.12% | 24,032 | $4.4M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.11% | 6,773 | $4.2M | Reduce -52.1% |
| ALL Allstate Corp. | 0.11% | 20,191 | $4.2M | Add +1.0% |
| XOM Exxon Mobil Corp. | 0.10% | 30,813 | $3.7M | Add +0.5% |
| GPC Genuine Parts Co. | 0.09% | 29,120 | $3.6M | Reduce -11.2% |
| ORCL Oracle Corp. | 0.09% | 18,089 | $3.5M | Add +0.2% |
| HON Honeywell International Inc. | 0.09% | 17,871 | $3.5M | Reduce -19.5% |
| COST Costco Wholesale Corp. | 0.09% | 3,960 | $3.4M | Add +0.1% |
| WMB Williams Cos Inc. | 0.09% | 56,217 | $3.4M | Reduce -0.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.08% | 11,799 | $3.1M | Reduce -2.8% |
| CL Colgate-Palmolive Co. | 0.08% | 37,753 | $3.0M | Reduce -14.8% |
| MO Altria Group Inc. | 0.08% | 49,579 | $2.9M | Add +0.8% |
| MLPX Global X MLP & Energy Infras | 0.07% | 46,579 | $2.8M | Add +1.2% |
| MAS Masco Corp. | 0.07% | 44,189 | $2.8M | Add +0.5% |
| ACN Accenture PLC Class A | 0.07% | 10,160 | $2.7M | Reduce -1.4% |
| TPYP Tortoise North American Pipe | 0.06% | 68,861 | $2.4M | No change |
| ACRS Aclaris Therapeutics Inc. | 0.06% | 804,445 | $2.4M | Reduce -34.4% |
| SHEL Shell PLC-ADR | 0.06% | 31,244 | $2.3M | Add +24.4% |
| ED Consolidated Edison Inc. | 0.06% | 22,290 | $2.2M | Reduce -4.7% |
| AMLP Alerian MLP ETF | 0.05% | 43,546 | $2.0M | Reduce -6.8% |
| DKNG Draftkings Inc. Class A | 0.05% | 59,417 | $2.0M | No change |
| VZ Verizon Communications Inc. | 0.05% | 49,801 | $2.0M | Reduce -28.7% |
| LMT Lockheed Martin Corp. | 0.05% | 4,150 | $2.0M | Add +0.7% |
| HD Home Depot Inc. | 0.05% | 5,601 | $1.9M | Add +0.6% |
| BKH Black Hills Corp. | 0.05% | 27,241 | $1.9M | Reduce -1.5% |
| NEE Nextera Energy Inc. | 0.05% | 22,498 | $1.8M | Reduce -3.1% |
| NGG National Grid PLC-SP ADR | 0.05% | 22,955 | $1.8M | Reduce -2.5% |
| MTCH Match Group Inc. | 0.04% | 52,606 | $1.7M | Reduce -4.1% |
| PG The Procter & Gamble Co. | 0.04% | 11,394 | $1.6M | Reduce -38.2% |
| RIO Rio Tinto PLC-Spon ADR | 0.04% | 19,585 | $1.6M | Reduce -3.0% |
| ES Eversource Energy | 0.04% | 22,249 | $1.5M | Reduce -1.9% |
| MDLZ Mondelez International Inc. Class A | 0.04% | 25,925 | $1.4M | Reduce -17.6% |
| CVS CVS Health Corp. | 0.04% | 17,496 | $1.4M | Reduce -22.0% |
| CLX Clorox Company | 0.03% | 13,185 | $1.3M | Reduce -18.3% |
| MMM 3M Co. | 0.03% | 8,221 | $1.3M | Add +0.1% |
| AMGN Amgen Inc. | 0.03% | 3,961 | $1.3M | Add +0.8% |
| PRME Prime Medicine Inc. | 0.03% | 361,136 | $1.3M | No change |
| JCI Johnson Controls Internation | 0.03% | 10,461 | $1.3M | Reduce -46.7% |
| IWB iShares Russell 1000 ETF | 0.03% | 3,336 | $1.2M | Add +0.3% |
Options reported separately and not counted above: SPDR S&P 500 ETF TR calls ($193.5M), ELI LILLY & CO calls ($1.8M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $4K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 216 | $4K | No change |
Total filed on the 13F, all lines: $3.8B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -9.9% | 3.69% | −0.44 |
| OKE Oneok Inc. | Reduce -30.6% | 1.21% | −0.42 |
| AEP American Electric Power | Reduce -29.7% | 1.19% | −0.37 |
| SO The Southern Co. | Reduce -28.5% | 0.74% | −0.32 |
| IT Gartner Inc. | Reduce -10.5% | 1.79% | −0.17 |
| DUK Duke Energy Corp. | Reduce -22.5% | 0.58% | −0.16 |
| EMR Emerson Electric Co. | Reduce -25.9% | 0.63% | −0.16 |
| PEG Public Service Enterprise GP | Reduce -20.4% | 0.69% | −0.16 |
| KMB Kimberly-Clark Corp. | Reduce -81.3% | 0.02% | −0.13 |
| KMI Kinder Morgan Inc. | Reduce -21.4% | 0.51% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -44.0% | 0.17% | −0.11 |
| ENB Enbridge Inc. | Reduce -30.5% | 0.25% | −0.11 |
| DE Deere & Co. | Reduce -20.9% | 0.62% | −0.10 |
| VOO Vanguard S&P 500 ETF | Reduce -52.1% | 0.11% | −0.10 |
| BSX Boston Scientific Corp. | Reduce -3.7% | 47.60% | −0.09 |
| ABT Abbott Laboratories | Reduce -27.3% | 0.23% | −0.09 |
| EPD Enterprise Products Partners | Reduce -13.6% | 1.37% | −0.09 |
| PM Philip Morris International | Reduce -27.0% | 0.26% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -13.6% | 0.35% | −0.07 |
| V Visa Inc. Class A | Reduce -29.0% | 0.24% | −0.07 |
| JNJ Johnson & Johnson | Reduce -31.4% | 0.27% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -25.5% | 0.12% | −0.06 |
| KO The Coca-Cola Co. | Reduce -21.3% | 0.42% | −0.06 |
| T AT&T Inc. | Reduce -17.4% | 0.14% | −0.04 |
| CVX Chevron Corp. | Reduce -11.1% | 0.52% | −0.04 |
| TSLA Tesla Inc. | Reduce -14.9% | 0.41% | −0.04 |
| ET Energy Transfer LP | Reduce -11.4% | 0.35% | −0.04 |
| PPL PPL Corp. | Reduce -22.6% | 0.12% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -16.5% | 0.19% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -38.2% | 0.04% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -9.9% | 1.08% | −0.03 |
| HON Honeywell International Inc. | Reduce -19.5% | 0.09% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -28.7% | 0.05% | −0.02 |
| PAYX Paychex Inc. | Reduce -38.8% | 0.03% | −0.02 |
| PSX Phillips 66 | Reduce -6.2% | 0.37% | −0.02 |
| JCI Johnson Controls Internation | Reduce -46.7% | 0.03% | −0.02 |
| GPC Genuine Parts Co. | Reduce -11.2% | 0.09% | −0.02 |
| FTS Fortis Inc. | Reduce -12.7% | 0.20% | −0.02 |
| NVDA Nvidia Corp. | Reduce -7.9% | 0.72% | −0.02 |
| CLX Clorox Company | Reduce -18.3% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -70.5% | 0.01% | −0.01 |
| AJG Arthur J Gallagher & Co. | Reduce -2.8% | 0.08% | −0.01 |
| NI Nisource Inc. | Reduce -9.2% | 0.17% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -17.6% | 0.04% | −0.01 |
| BAC Bank of America Corp. | Reduce -15.2% | 0.25% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -14.8% | 0.08% | −0.01 |
| STT State Street Corp. | Sold out | 0.00% | −0.01 |
| AIG American International Group | Sold out | 0.00% | −0.01 |
| MPLX MPLX LP | Reduce -13.2% | 0.50% | −0.01 |
| MS Morgan Stanley | Reduce -16.3% | 1.01% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Add +12.3% | 0.28% | +0.10 |
| GS Goldman Sachs Group Inc. | Add +0.4% | 0.27% | +0.04 |
| KKR KKR & Co. Inc. | Add +0.1% | 0.94% | +0.04 |
| NDAQ Nasdaq Inc. | Add +0.3% | 0.19% | +0.03 |
| BP BP PLC-Spons ADR | Add +0.2% | 0.33% | +0.02 |
| RTX RTX Corp. | Add +0.2% | 0.12% | +0.02 |
| SHEL Shell PLC-ADR | Add +24.4% | 0.06% | +0.02 |
| GE General Electric | Add +1747.7% | 0.01% | +0.01 |
| EWY iShares MSCI South Korea ETF | New | 0.01% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.10% | +0.01 |
| RGA Reinsurance Group of America | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.15% | +0.01 |
| AER Aercap Holdings NV | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| GUSE GS Enhanced US Equity ETF | New | 0.01% | +0.01 |
| AMD Advanced Micro Devices | New | 0.01% | +0.01 |
| AXP American Express Co. | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | New | 0.01% | +0.01 |
| ICE Intercontinental Exchange Inc. | Add +21762.5% | 0.01% | +0.01 |
| BA The Boeing Co. | Add +5358.3% | 0.01% | +0.01 |
| AZO AutoZone Inc. | New | 0.01% | +0.01 |
| WTW Willis Towers Watson PLC | New | 0.01% | +0.01 |
| AMGN Amgen Inc. | Add +0.8% | 0.03% | +0.01 |
| GEV GE Vernova Inc. | Add +1828.6% | 0.01% | +0.01 |
| MAR Marriott International Class A | Add +0.2% | 0.03% | +0.01 |
| RSG Republic Services Inc. | New | 0.01% | +0.01 |
| TTE Totalenergies SE | Add +354.0% | 0.01% | +0.01 |
| HLN Haleon PLC-ADR | New | 0.01% | +0.01 |
| FDX FedEx Corp. | Add +0.6% | 0.03% | +0.01 |
| SHOP Shopify Inc. Class A | New | 0.01% | +0.01 |
| UNP Union Pacific Corp. | Add +0.6% | 0.14% | +0.01 |
| CMS CMS Energy Corp. | New | 0.01% | +0.01 |
| AVGO Broadcom Inc. | New | 0.01% | +0.01 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.01% | +0.01 |
| IQV Iqvia Holdings Inc. | New | 0.01% | +0.01 |
| KT KT Corp.-SP ADR | New | 0.01% | +0.01 |
| BDX Becton Dickinson and Co. | Add +875.0% | 0.01% | +0.01 |
| KEYS Keysight Technologies Inc. | New | 0.01% | +0.01 |
| VOR Vor Biopharma Inc. | Add +763.8% | 0.01% | +0.00 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.00% | +0.00 |
| DHR Danaher Corp. | Add +0.1% | 0.02% | +0.00 |
| ALL Allstate Corp. | Add +1.0% | 0.11% | +0.00 |
| ISRG Intuitive Surgical Inc. | New | 0.00% | +0.00 |
| BJ Bj's Wholesale Club Holdings | New | 0.00% | +0.00 |
| MELI MercadoLibre Inc. | New | 0.00% | +0.00 |
| MMM 3M Co. | Add +0.1% | 0.03% | +0.00 |
| DDOG Datadog Inc. Class A | New | 0.00% | +0.00 |
| COR Cencora Inc. | Add +0.1% | 0.02% | +0.00 |
| MLPX Global X MLP & Energy Infras | Add +1.2% | 0.07% | +0.00 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | call | Sold out | 1,536,900 | $214.6Mbefore exit |
| SPDR S&P 500 ETF TR | call | New | 1,312,290 | $193.5M |
| ELI LILLY & CO | call | New | 5,500 | $1.8M |
| ELI LILLY & CO | call | Sold out | 5,500 | $523Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 307 | $3.3B | BSX, CAT, LLY, AMZN, SPY |
| Q1 2026 | 302 | $3.3B | BSX, LLY, CAT, AMZN, SCCO |
| Q4 2025 | 288 | $3.8B | BSX, LLY, AMZN, MSFT, GOOG |
| Q3 2025 | 268 | $4.0B | BSX, AMZN, MSFT, LLY, GOOG |
| Q2 2025 | 293 | $4.4B | BSX, LLY, AMZN, STATE STR SPDR S&P 500 ETF T, MSFT |
| Q1 2025 | 284 | $3.8B | BSX, LLY, IT, AMZN, MSFT |
| Q4 2024 | 287 | $3.6B | BSX, LLY, IT, AMZN, MSFT |
| Q3 2024 | 303 | $3.8B | BSX, LLY, IT, AMZN, MSFT |
| Q2 2024 | 302 | $3.5B | BSX, LLY, IT, AMZN, MSFT |
| Q1 2024 | 303 | $3.3B | BSX, LLY, IT, AMZN, MSFT |