Caldwell Trust Co
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed September 23, 2025), Caldwell Trust Co reported 748 stock positions worth $932.0 million. Its top holding was Apple (AAPL) at 5.8% of the portfolio, followed by Nvidia (NVDA, 4.0%) and SS SPDR S&P 500 ETF Trust-US (SPY, 3.9%). Compared with Q4 2024, it opened 58 new positions, sold out of 21, added to 189 and reduced 179. The biggest buy was iShares 1-5Y Inv Grade (IGSB, shares +10%) and the biggest sale Nvidia (NVDA, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Venice, FL
- CIK
- 0002080218
- Portfolio Value
- $932.0M (Q1 2025)
- SEC Filing
- 0001420506-25-002738 ↗ filed Sep 23, 2025
Holdings Value
Holdings 748 stocks · $932.0M
| AAPL Apple Inc. | 5.85% | 245,401 | $54.5M | Add +0.4% |
| NVDA Nvidia Corp. | 4.04% | 347,245 | $37.6M | Reduce -2.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.91% | 65,119 | $36.4M | Add +3.2% |
| MSFT Microsoft Corp. | 3.00% | 74,394 | $27.9M | Reduce -7.6% |
| AMZN Amazon.com Inc. | 2.72% | 133,357 | $25.4M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 2.19% | 131,742 | $20.4M | Reduce -2.7% |
| HD Home Depot Inc. | 2.06% | 52,291 | $19.2M | Reduce -1.4% |
| LLY Eli Lilly & Co. | 1.93% | 21,734 | $18.0M | Reduce -1.8% |
| JPM JPMorgan Chase & Co. | 1.82% | 69,194 | $17.0M | Reduce -3.3% |
| IVV iShares Core S&P 500 ETF | 1.64% | 27,146 | $15.3M | Add +4.5% |
| COST Costco Wholesale Corp. | 1.49% | 14,681 | $13.9M | Add +3.3% |
| NEE Nextera Energy Inc. | 1.38% | 180,884 | $12.8M | Reduce -3.8% |
| RSP Invesco S&P 500 Equal Weight | 1.36% | 73,004 | $12.6M | Add +1.7% |
| MA Mastercard Inc. Class A | 1.35% | 22,966 | $12.6M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.27% | 22,302 | $11.9M | Reduce -5.3% |
| MDY State Street SPDR S&P Midcap | 1.27% | 22,252 | $11.9M | Reduce -1.5% |
| MCD McDonald's Corp. | 1.21% | 36,185 | $11.3M | Reduce -8.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.21% | 214,838 | $11.3M | Add +9.8% |
| PG The Procter & Gamble Co. | 1.19% | 65,291 | $11.1M | Add +0.7% |
| BLK BlackRock Inc. | 1.14% | 11,219 | $10.6M | Reduce -0.6% |
| V Visa Inc. Class A | 1.10% | 29,153 | $10.2M | Reduce -1.6% |
| AGG iShares Core U.S. Aggregate | 1.07% | 100,978 | $10.0M | Add +7.6% |
| CVX Chevron Corp. | 1.06% | 58,888 | $9.9M | Reduce -1.6% |
| JNJ Johnson & Johnson | 1.04% | 58,692 | $9.7M | Reduce -5.6% |
| WMT Walmart Inc. | 1.04% | 110,562 | $9.7M | Reduce -4.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.03% | 181,963 | $9.6M | Add +9.9% |
| IJR iShares Core S&P Small-Cap E | 1.02% | 90,720 | $9.5M | Add +5.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.00% | 19,783 | $9.3M | Add +0.6% |
| AMGN Amgen Inc. | 0.97% | 29,163 | $9.1M | Reduce -1.2% |
| UNH Unitedhealth Group Inc. | 0.94% | 16,782 | $8.8M | Reduce -3.3% |
| IJH iShares Core S&P Midcap ETF | 0.87% | 139,067 | $8.1M | Add +11.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.86% | 317,030 | $8.0M | Add +5.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.85% | 30,721 | $7.9M | Add +2.8% |
| UNP Union Pacific Corp. | 0.78% | 30,637 | $7.2M | Reduce -0.7% |
| XOM Exxon Mobil Corp. | 0.76% | 59,169 | $7.0M | Add +0.1% |
| ABT Abbott Laboratories | 0.74% | 51,939 | $6.9M | Add +0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.69% | 8 | $6.4M | No change |
| BX Blackstone Inc. | 0.68% | 45,176 | $6.3M | Add +5.0% |
| CAT Caterpillar Inc. | 0.65% | 18,399 | $6.1M | Reduce -1.1% |
| HON Honeywell International Inc. | 0.60% | 26,424 | $5.6M | Reduce -8.6% |
| TMUS T-Mobile US Inc. | 0.55% | 19,315 | $5.2M | Add +8.0% |
| ABBV Abbvie Inc. | 0.55% | 24,351 | $5.1M | Add +1.0% |
| AXP American Express Co. | 0.54% | 18,801 | $5.1M | Add +1.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.54% | 66,776 | $5.1M | Add +4.0% |
| AVGO Broadcom Inc. | 0.53% | 29,731 | $5.0M | Reduce -8.7% |
| PEP Pepsico Inc. | 0.53% | 32,798 | $4.9M | Reduce -6.4% |
| CRM Salesforce Inc. | 0.52% | 18,213 | $4.9M | Add +1.7% |
| NFLX Netflix Inc. | 0.52% | 5,226 | $4.9M | Add +14.4% |
| NOBL Proshares S&P 500 Dividend A | 0.52% | 47,072 | $4.8M | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.50% | 75,833 | $4.7M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.48% | 49,366 | $4.4M | Reduce -11.4% |
| SYK Stryker Corp. | 0.47% | 11,866 | $4.4M | Add +1.4% |
| PM Philip Morris International | 0.46% | 27,103 | $4.3M | Reduce -4.6% |
| VEA Vanguard Ftse Developed ETF | 0.45% | 82,917 | $4.2M | Add +24.3% |
| VOO Vanguard S&P 500 ETF | 0.44% | 8,047 | $4.1M | Add +1.1% |
| KO The Coca-Cola Co. | 0.44% | 57,732 | $4.1M | Reduce -1.1% |
| ORCL Oracle Corp. | 0.42% | 28,180 | $3.9M | Add +23.4% |
| DUK Duke Energy Corp. | 0.42% | 31,882 | $3.9M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 13,763 | $3.8M | Add +3.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.40% | 14,952 | $3.7M | Add +21.9% |
| PAYX Paychex Inc. | 0.39% | 23,734 | $3.7M | Reduce -3.1% |
| META Meta Platforms Inc. Class A | 0.39% | 6,291 | $3.6M | Add +21.9% |
| EMR Emerson Electric Co. | 0.37% | 31,723 | $3.5M | Reduce -1.4% |
| XLK SS Technology Select Sector | 0.36% | 16,411 | $3.4M | Reduce -12.3% |
| ANET Arista Networks Inc. | 0.36% | 42,788 | $3.3M | Add +9.2% |
| GPC Genuine Parts Co. | 0.35% | 27,619 | $3.3M | Reduce -3.9% |
| ACN Accenture PLC Class A | 0.35% | 10,371 | $3.2M | Reduce -5.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.34% | 19,049 | $3.2M | Add +11.7% |
| VZ Verizon Communications Inc. | 0.33% | 68,588 | $3.1M | Reduce -1.2% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.33% | 7,390 | $3.1M | Reduce -2.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.33% | 43,161 | $3.1M | No change |
| MUB iShares National Muni Bond E | 0.32% | 28,689 | $3.0M | Reduce -6.6% |
| GOOG Alphabet Inc. Class C | 0.32% | 19,287 | $3.0M | Add +1.4% |
| RTX RTX Corp. | 0.31% | 22,109 | $2.9M | Reduce -4.0% |
| WM Waste Management Inc. | 0.31% | 12,419 | $2.9M | Add +2.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 65,909 | $2.8M | Reduce -0.2% |
| LMT Lockheed Martin Corp. | 0.29% | 6,154 | $2.7M | Reduce -2.1% |
| PWR Quanta Services Inc. | 0.29% | 10,758 | $2.7M | Add +22.4% |
| ALL Allstate Corp. | 0.29% | 13,054 | $2.7M | Add +7.4% |
| ED Consolidated Edison Inc. | 0.29% | 24,326 | $2.7M | Reduce -1.5% |
| LPLA LPL Financial Holdings Inc. | 0.29% | 8,187 | $2.7M | Reduce -2.7% |
| ADP Automatic Data Processing | 0.29% | 8,703 | $2.7M | Add +3.2% |
| PANW Palo Alto Networks Inc. | 0.28% | 15,095 | $2.6M | Add +7.4% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 91,090 | $2.5M | Add +1.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.26% | 6,579 | $2.4M | Reduce -0.5% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 12,417 | $2.4M | Reduce -1.0% |
| QCOM Qualcomm Inc. | 0.25% | 15,379 | $2.4M | Add +0.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.25% | 42,689 | $2.4M | Reduce -2.5% |
| MS Morgan Stanley | 0.25% | 19,838 | $2.3M | Reduce -5.8% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 37,838 | $2.3M | Add +0.4% |
| MMM 3M Co. | 0.24% | 15,065 | $2.2M | Reduce -1.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 17,933 | $2.2M | Add +0.4% |
| PH Parker Hannifin Corp. | 0.23% | 3,540 | $2.2M | Reduce -1.3% |
| ZTS Zoetis Inc. | 0.23% | 12,957 | $2.1M | Add +30.8% |
| AON Aon PLC Class A | 0.22% | 5,200 | $2.1M | No change |
| DD Dupont DE Nemours Inc. | 0.22% | 27,505 | $2.1M | Add +9.6% |
| AMP Ameriprise Financial Inc. | 0.22% | 4,205 | $2.0M | Add +18.7% |
| APD Air Products & Chemicals Inc. | 0.22% | 6,851 | $2.0M | Add +0.4% |
| SO The Southern Co. | 0.21% | 21,684 | $2.0M | Add +11.0% |
| BSV Vanguard Short-Term Bond ETF | 0.21% | 25,454 | $2.0M | Add +5.0% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $73K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 45 | $54K | New |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 9 | $11K | New |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 297 | $8K | No change |
Total filed on the 13F, all lines: $932.1M.
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -2.8% | 4.04% | −0.97 |
| MSFT Microsoft Corp. | Reduce -7.6% | 3.00% | −0.55 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 2.19% | −0.49 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 2.72% | −0.34 |
| AVGO Broadcom Inc. | Reduce -8.7% | 0.53% | −0.25 |
| MRK Merck & Co. Inc. | Reduce -11.4% | 0.48% | −0.10 |
| HD Home Depot Inc. | Reduce -1.4% | 2.06% | −0.10 |
| XLK SS Technology Select Sector | Reduce -12.3% | 0.36% | −0.09 |
| HON Honeywell International Inc. | Reduce -8.6% | 0.60% | −0.08 |
| ADBE Adobe Inc. | Reduce -21.0% | 0.19% | −0.08 |
| MAR Marriott International Class A | Reduce -39.3% | 0.09% | −0.08 |
| MDY State Street SPDR S&P Midcap | Reduce -1.5% | 1.27% | −0.07 |
| BLK BlackRock Inc. | Reduce -0.6% | 1.14% | −0.07 |
| ACN Accenture PLC Class A | Reduce -5.4% | 0.35% | −0.06 |
| CAT Caterpillar Inc. | Reduce -1.1% | 0.65% | −0.05 |
| WMT Walmart Inc. | Reduce -4.3% | 1.04% | −0.05 |
| EMR Emerson Electric Co. | Reduce -1.4% | 0.37% | −0.04 |
| XLF SS Financial Select Sector | Reduce -40.7% | 0.07% | −0.04 |
| TLT iShares 20+ Year Treasury BD | Reduce -92.4% | 0.00% | −0.04 |
| NEE Nextera Energy Inc. | Reduce -3.8% | 1.38% | −0.03 |
| FNB FNB Corp. | Sold out | 0.00% | −0.03 |
| PRU Prudential Financial Inc. | Reduce -10.7% | 0.19% | −0.03 |
| PEP Pepsico Inc. | Reduce -6.4% | 0.53% | −0.03 |
| UPS United Parcel Service Class B | Reduce -4.8% | 0.17% | −0.03 |
| MS Morgan Stanley | Reduce -5.8% | 0.25% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -24.6% | 0.07% | −0.03 |
| EA Electronic Arts Inc. | Reduce -23.9% | 0.08% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -2.1% | 0.29% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -23.3% | 0.04% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.5% | 0.26% | −0.02 |
| CMI Cummins Inc. | Reduce -1.7% | 0.21% | −0.02 |
| BAB Invesco Taxable Municipal Bo | Reduce -34.2% | 0.04% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -6.6% | 0.32% | −0.02 |
| EWH iShares MSCI Hong Kong ETF | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -3.6% | 0.09% | −0.02 |
| LEN Lennar Corp. Class A | Reduce -28.5% | 0.03% | −0.02 |
| LIN Linde PLC | Reduce -21.6% | 0.14% | −0.02 |
| MTB M & T Bank Corp. | Reduce -92.3% | 0.00% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -90.7% | 0.00% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -13.4% | 0.04% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -18.4% | 0.06% | −0.01 |
| FITB Fifth Third Bancorp | Reduce -31.8% | 0.02% | −0.01 |
| INTU Intuit Inc. | Reduce -16.3% | 0.05% | −0.01 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.01 |
| PNC PNC Financial Services Group | Reduce -10.7% | 0.05% | −0.01 |
| PFE Pfizer Inc. | Reduce -4.2% | 0.15% | −0.01 |
| PKG Packaging Corp. of America | Reduce -1.0% | 0.08% | −0.01 |
| GD General Dynamics Corp. | Reduce -14.2% | 0.09% | −0.01 |
| INTC Intel Corp. | Reduce -27.9% | 0.05% | −0.01 |
| GOVT iShares US Treasury Bond ETF | Reduce -46.5% | 0.01% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| IGSB iShares 1-5Y Inv Grade Corp. | Add +9.8% | 1.21% | +0.15 |
| TMUS T-Mobile US Inc. | Add +8.0% | 0.55% | +0.14 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +9.9% | 1.03% | +0.13 |
| COST Costco Wholesale Corp. | Add +3.3% | 1.49% | +0.13 |
| ABT Abbott Laboratories | Add +0.7% | 0.74% | +0.13 |
| AGG iShares Core U.S. Aggregate | Add +7.6% | 1.07% | +0.12 |
| VEA Vanguard Ftse Developed ETF | Add +24.3% | 0.45% | +0.12 |
| IBM Intl Business Machines Corp. | Add +21.9% | 0.40% | +0.12 |
| ABBV Abbvie Inc. | Add +1.0% | 0.55% | +0.10 |
| NFLX Netflix Inc. | Add +14.4% | 0.52% | +0.10 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.76% | +0.09 |
| META Meta Platforms Inc. Class A | Add +21.9% | 0.39% | +0.07 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.0% | 0.54% | +0.07 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +5.1% | 0.86% | +0.06 |
| ZTS Zoetis Inc. | Add +30.8% | 0.23% | +0.06 |
| SHEL Shell PLC-ADR | Add +15.9% | 0.21% | +0.06 |
| IJH iShares Core S&P Midcap ETF | Add +11.6% | 0.87% | +0.06 |
| PG The Procter & Gamble Co. | Add +0.7% | 1.19% | +0.06 |
| MDLZ Mondelez International Inc. Class A | Add +42.0% | 0.14% | +0.06 |
| WM Waste Management Inc. | Add +2.3% | 0.31% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.2% | 3.91% | +0.05 |
| GEHC GE Healthcare Technology | Add +37.1% | 0.15% | +0.05 |
| SO The Southern Co. | Add +11.0% | 0.21% | +0.05 |
| ALL Allstate Corp. | Add +7.4% | 0.29% | +0.05 |
| KR Kroger Co. | Add +22.8% | 0.15% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +1.7% | 1.36% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +4.5% | 1.64% | +0.04 |
| GLDM SPDR Gold Minishares Trust | Add +19.4% | 0.12% | +0.04 |
| SYK Stryker Corp. | Add +1.4% | 0.47% | +0.03 |
| NOBL Proshares S&P 500 Dividend A | Add +1.1% | 0.52% | +0.03 |
| PSX Phillips 66 | Add +4.8% | 0.20% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +2.8% | 0.85% | +0.03 |
| TDTT NT Iboxx 3Y Dur Tips ETF | Add +233.0% | 0.04% | +0.03 |
| ADP Automatic Data Processing | Add +3.2% | 0.29% | +0.03 |
| AMT American Tower Corp. | Add +5.7% | 0.12% | +0.03 |
| ORCL Oracle Corp. | Add +23.4% | 0.42% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +0.4% | 0.25% | +0.02 |
| AJG Arthur J Gallagher & Co. | Add +15.7% | 0.07% | +0.02 |
| AMP Ameriprise Financial Inc. | Add +18.7% | 0.22% | +0.02 |
| TT Trane Technologies PLC | Add +22.9% | 0.16% | +0.02 |
| DD Dupont DE Nemours Inc. | Add +9.6% | 0.22% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +5.3% | 0.16% | +0.02 |
| SAP Sap SE-Sponsored ADR | New | 0.02% | +0.02 |
| YUM Yum! Brands Inc. | Add +9.4% | 0.08% | +0.02 |
| BSV Vanguard Short-Term Bond ETF | Add +5.0% | 0.21% | +0.02 |
| WFC Wells Fargo & Co. | Add +8.3% | 0.15% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +1.7% | 0.27% | +0.02 |
| GNR State Street SPDR S&P Global | Add +554.7% | 0.02% | +0.02 |
| COP Conocophillips | Add +4.9% | 0.14% | +0.02 |
| J Jacobs Solutions Inc. | Add +26.4% | 0.11% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 45 | $54K |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 9 | $11K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 808 | $1.2B | AAPL, NVDA, SPY, GOOGL, AMZN |
| Q1 2026 | 781 | $1.1B | AAPL, NVDA, SPY, GOOGL, MSFT |
| Q4 2025 | 751 | $1.1B | AAPL, NVDA, SPY, GOOGL, MSFT |
| Q3 2025 | 747 | $1.1B | AAPL, NVDA, SPY, MSFT, GOOGL |
| Q2 2025 | 742 | $999.9M | NVDA, AAPL, SPY, MSFT, AMZN |
| Q1 2025 | 748 | $932.0M | AAPL, NVDA, SPY, MSFT, AMZN |
| Q4 2024 | 710 | $957.3M | AAPL, NVDA, SPY, MSFT, AMZN |
| Q3 2024 | 702 | $952.2M | AAPL, NVDA, SPY, MSFT, AMZN |
| Q2 2024 | 689 | $903.6M | AAPL, NVDA, MSFT, SPY, AMZN |
| Q1 2024 | 701 | $859.0M | AAPL, NVDA, SPY, MSFT, AMZN |