Davidson Trust Co.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Davidson Trust Co. reported 162 stock positions worth $209.7 million. Its top holding was Microsoft (MSFT) at 7.4% of the portfolio, followed by Apple (AAPL, 6.3%) and Abbvie (ABBV, 4.2%). Compared with Q4 2024, it opened 11 new positions, sold out of 6, added to 65 and reduced 51. The biggest buy was McDonald's (MCD, shares +368%) and the biggest sale an exit from Schwab US DVD Equity ETF (SCHD).

Most Recent 13F
Q3 2026
Location
SEATTLE, WA
CIK
0001133119
Portfolio Value
$209.7M (Q1 2025)
SEC Filing
0001080107-25-000005 ↗ filed Apr 29, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $171.6M Q1 2024 Q2 2024: $145.1M Q2 2024 Q3 2024: $194.6M Q3 2024 Q4 2024: $194.3M Q4 2024 Q1 2025: $209.7M $209.7M Q1 2025 Q2 2025: $216.7M Q2 2025 Q3 2025: $242.2M Q3 2025 Q4 2025: $239.8M Q4 2025 Q1 2026: $232.0M Q1 2026 Q2 2026: $256.3M Q2 2026 Q3 2026: $253.0M Q3 2026

Holdings 162 stocks · $209.7M
MSFT Microsoft Corp. 7.38% 41,244 $15.5M Add +4.9%
AAPL Apple Inc. 6.33% 59,761 $13.3M Add +0.2%
ABBV Abbvie Inc. 4.17% 41,764 $8.8M Add +1.0%
ABT Abbott Laboratories 3.28% 51,801 $6.9M Add +34.0%
MCD McDonald's Corp. 3.04% 20,378 $6.4M Add +368.5%
COST Costco Wholesale Corp. 2.42% 5,372 $5.1M Reduce -5.0%
XOM Exxon Mobil Corp. 2.30% 40,491 $4.8M Add +13.3%
CVX Chevron Corp. 2.09% 26,160 $4.4M Add +0.5%
BRK.B Berkshire Hathaway Inc. Class B 2.04% 8,041 $4.3M Add +63.8%
IVV iShares Core S&P 500 ETF 2.04% 7,609 $4.3M Add +8.1%
VTV Vanguard Mrngstr Val ETF-Aui 1.82% 22,098 $3.8M Reduce -2.0%
JNJ Johnson & Johnson 1.76% 22,294 $3.7M Reduce -7.6%
IWR iShares Russell Mid-Cap ETF 1.74% 42,914 $3.7M Reduce -0.1%
VUG Vanguard Mrngstar GR ETF-Sui 1.69% 9,570 $3.5M Add +3.6%
PG The Procter & Gamble Co. 1.68% 20,635 $3.5M Add +2.0%
JPM JPMorgan Chase & Co. 1.50% 12,843 $3.2M Reduce -4.6%
VYM Vanguard High DVD Yield ETF 1.49% 24,154 $3.1M Add +2.1%
ADP Automatic Data Processing 1.39% 9,535 $2.9M Reduce -6.5%
IWM iShares Russell 2000 ETF 1.28% 13,431 $2.7M No change
IXUS iShares Core Intl Stock ETF 1.20% 36,193 $2.5M Reduce -5.1%
MDY State Street SPDR S&P Midcap 1.14% 4,495 $2.4M No change
CB Chubb Ltd. 1.13% 7,832 $2.4M Reduce -4.2%
SPY SS SPDR S&P 500 ETF Trust-US 1.08% 4,043 $2.3M Reduce -0.1%
AGG iShares Core U.S. Aggregate 1.04% 22,087 $2.2M Reduce -4.5%
RTX RTX Corp. 1.02% 16,159 $2.1M Reduce -4.8%
PEP Pepsico Inc. 0.97% 13,509 $2.0M Add +47.0%
SCHX Schwab US Large-Cap ETF 0.90% 85,608 $1.9M No change
GOOG Alphabet Inc. Class C 0.90% 12,063 $1.9M Add +24.3%
FTHI Fthi/First Trust Exchange-TR 0.88% 84,414 $1.8M New
VEA Vanguard Ftse Developed ETF 0.81% 33,245 $1.7M Add +18.2%
EFA iShares MSCI Eafe ETF 0.80% 20,433 $1.7M No change
NAC Nuveen Ca QLTY Muni Inc. 0.79% 148,098 $1.7M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.77% 6,256 $1.6M No change
WFC Wells Fargo & Co. 0.76% 22,228 $1.6M Reduce -8.7%
VTI VG Morningstar TS MKT ETF-US 0.76% 5,767 $1.6M Add +3.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.72% 15,325 $1.5M Reduce -2.9%
NEE Nextera Energy Inc. 0.70% 20,728 $1.5M Reduce -6.3%
KO The Coca-Cola Co. 0.68% 19,983 $1.4M Reduce -15.5%
V Visa Inc. Class A 0.68% 4,072 $1.4M Reduce -1.2%
HON Honeywell International Inc. 0.67% 6,637 $1.4M Add +45.9%
VWO Vanguard Ftse Emerging Marke 0.66% 30,359 $1.4M Add +33.9%
AMZN Amazon.com Inc. 0.62% 6,877 $1.3M Add +11.9%
GOOGL Alphabet Inc. Class A 0.61% 8,260 $1.3M Reduce -7.5%
IWF iShares Russell 1000 Growth 0.60% 3,506 $1.3M Add +255.6%
VZ Verizon Communications Inc. 0.58% 26,785 $1.2M Add +95.5%
NKE Nike Inc. Class B 0.58% 19,082 $1.2M Add +1.8%
VONG Vanguard Russell 1000 Growth 0.57% 12,857 $1.2M Reduce -0.7%
RWR SS SPDR Dow Jones REIT ETF 0.57% 11,999 $1.2M No change
VONV Vanguard Russell 1000 Value 0.56% 14,339 $1.2M Add +0.4%
PFE Pfizer Inc. 0.56% 46,604 $1.2M Add +17.5%
LOW Lowe's Cos Inc. 0.53% 4,776 $1.1M Add +11.5%
DVY iShares Select Dividend ETF 0.53% 8,281 $1.1M Add +368.1%
DE Deere & Co. 0.52% 2,337 $1.1M Add +11.7%
AVGO Broadcom Inc. 0.52% 6,502 $1.1M Reduce -14.2%
T AT&T Inc. 0.48% 35,841 $1.0M Add +211.3%
IEFA iShares Core MSCI Eafe ETF 0.45% 12,513 $947K Reduce -1.0%
LIN Linde PLC 0.43% 1,940 $903K Reduce -5.2%
CSCO Cisco Systems Inc. 0.43% 14,591 $900K Reduce -3.1%
UNP Union Pacific Corp. 0.42% 3,750 $886K New
SPGI S&P Global Inc. 0.42% 1,742 $885K Reduce -21.6%
ORCL Oracle Corp. 0.41% 6,179 $864K Add +3.2%
BMY Bristol-Myers Squibb Co. 0.41% 14,064 $858K Add +10.1%
QCOM Qualcomm Inc. 0.40% 5,448 $837K Reduce -4.4%
CMI Cummins Inc. 0.40% 2,652 $831K Reduce -9.9%
IWO iShares Russell 2000 Growth 0.38% 3,095 $791K Add +2.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.37% 3,162 $786K Add +6.0%
CSX CSX Corp. 0.37% 26,158 $770K Add +17.1%
MCO Moody's Corp. 0.36% 1,641 $764K New
MO Altria Group Inc. 0.35% 12,153 $729K Reduce -4.4%
USB US Bancorp 0.35% 17,273 $729K Reduce -1.7%
USIG iShares Broad Usd Investment 0.35% 14,267 $729K Add +0.7%
META Meta Platforms Inc. Class A 0.34% 1,255 $723K Add +69.6%
LLY Eli Lilly & Co. 0.34% 855 $706K Add +59.8%
MRK Merck & Co. Inc. 0.34% 7,852 $705K Add +2.1%
WMT Walmart Inc. 0.33% 7,996 $702K Add +62.0%
ACN Accenture PLC Class A 0.32% 2,155 $672K Reduce -6.6%
ECL Ecolab Inc. 0.32% 2,651 $672K Reduce -13.0%
SPIB SS SPDR P Int C Corp. ETF 0.32% 20,201 $671K Reduce -6.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.32% 2,576 $666K No change
IEMG iShares Core MSCI Emerging 0.31% 12,146 $656K Add +2.1%
SO The Southern Co. 0.31% 7,045 $648K New
BDX Becton Dickinson and Co. 0.30% 2,789 $639K Reduce -6.1%
GE General Electric filed as GE AEROSPACE 0.30% 3,136 $628K Add +9.8%
TSLA Tesla Inc. 0.29% 2,340 $606K Add +2.6%
IJJ iShares S&P Mid-Cap 400 Valu 0.29% 5,032 $602K Reduce -0.2%
SCHA Schwab US Small-Cap ETF 0.29% 25,588 $600K No change
EEM iShares MSCI Emerging Market 0.28% 13,613 $595K No change
MCK McKesson Corp. 0.28% 874 $588K Reduce -18.6%
MA Mastercard Inc. Class A 0.27% 1,047 $574K No change
NVS Novartis AG-Sponsored ADR 0.27% 5,137 $573K Reduce -52.9%
BSV Vanguard Short-Term Bond ETF 0.27% 7,290 $571K Reduce -3.3%
PLD Prologis Inc. 0.27% 5,085 $568K New
MUB iShares National Muni Bond E 0.25% 5,000 $527K No change
AXP American Express Co. 0.25% 1,959 $527K Add +18.8%
SUN Sunoco LP 0.25% 9,000 $523K No change
TMO Thermo Fisher Scientific Inc. 0.25% 1,042 $518K No change
PM Philip Morris International 0.24% 3,215 $510K Reduce -5.9%
VOO Vanguard S&P 500 ETF 0.24% 973 $500K Add +6.8%
SBUX Starbucks Corp. 0.23% 4,954 $486K Add +24.8%
BA The Boeing Co. 0.23% 2,807 $479K Reduce -11.7%
IJK iShares S&P Mid-Cap 400 Grow 0.23% 5,699 $475K Add +3.0%
QUAL iShares MSCI USA Quality Fac 0.23% 2,768 $473K Add +6.8%
AMGN Amgen Inc. 0.22% 1,485 $463K Reduce -15.8%
NSC Norfolk Southern Corp. 0.22% 1,925 $456K Add +92.5%
CAT Caterpillar Inc. 0.21% 1,364 $450K Add +8.1%
IWN iShares Russell 2000 Value E 0.21% 2,860 $432K Add +3.2%
EXPD Expeditors Intl Wash Inc. 0.20% 3,575 $430K No change
TGT Target Corp. 0.20% 4,094 $427K No change
YUM Yum! Brands Inc. 0.20% 2,703 $425K New
VNQ Vanguard Real Estate ETF 0.20% 4,606 $417K Add +8.2%
VIG Vanguard Dividend Apprec ETF 0.19% 2,072 $402K No change
BP BP PLC-Spons ADR 0.19% 11,801 $399K New
VTWO Vanguard Russell 2000 ETF 0.18% 4,751 $383K Reduce -2.2%
PSX Phillips 66 0.18% 3,063 $378K Add +0.9%
FDX FedEx Corp. 0.18% 1,543 $376K Reduce -0.1%
ZTS Zoetis Inc. 0.18% 2,278 $375K Add +0.9%
MMM 3M Co. 0.18% 2,547 $374K Add +20.0%
SLF Sun Life Financial Inc. 0.17% 6,383 $365K No change
IWS iShares Russell Mid-Cap Valu 0.17% 2,810 $354K Reduce -1.0%
CVS CVS Health Corp. 0.16% 5,077 $344K Reduce -0.5%
SHEL Shell PLC-ADR 0.16% 4,575 $335K New
CP Canadian Pacific Kansas City 0.16% 4,660 $327K Add +3.2%
INTC Intel Corp. 0.15% 14,205 $323K Add +2.9%
USHY iShares Broad Usd High Yield 0.15% 8,523 $314K Reduce -5.0%
CPT Camden Property Trust 0.15% 2,561 $313K Reduce -6.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.15% 7,471 $312K New
CMCSA Comcast Corp. Class A 0.15% 8,462 $312K Add +7.8%
ITW Illinois Tool Works 0.15% 1,249 $310K New
IEI iShares 3-7 Year Treasury Bo 0.14% 2,457 $290K No change
MDLZ Mondelez International Inc. Class A 0.14% 4,232 $287K Add +11.9%
SAR Saratoga Investment Corp. 0.13% 11,000 $279K No change
PRF Invesco Rafi US 1000 ETF 0.13% 6,841 $276K Reduce -5.6%
SRE Sempra 0.13% 3,843 $274K Reduce -0.2%
HD Home Depot Inc. 0.13% 745 $273K No change
AB Alliancebernstein Holding LP 0.13% 7,000 $268K No change
CQP Cheniere Energy Partners LP 0.13% 4,000 $264K No change
DKL Delek Logistics Partners LP 0.13% 6,100 $264K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.13% 850 $263K No change
CL Colgate-Palmolive Co. 0.13% 2,801 $262K No change
UPS United Parcel Service Class B 0.12% 2,342 $258K Add +1.6%
XLV SS Health Care Select Sector 0.12% 1,756 $256K No change
ALL Allstate Corp. 0.12% 1,223 $253K Reduce -23.7%
ADI Analog Devices Inc. 0.12% 1,244 $251K Add +26.6%
IVW iShares S&P 500 Growth ETF 0.12% 2,689 $250K Add +3.9%
MKC McCormick & Co.-Non VTG SHRS 0.12% 3,000 $247K No change
TIP iShares Tips Bond ETF 0.12% 2,219 $247K Add +3.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 5,902 $246K Add +3.5%
KMB Kimberly-Clark Corp. 0.12% 1,718 $244K Reduce -2.2%
GEV GE Vernova Inc. 0.12% 794 $242K Add +9.5%
CARR Carrier Global Corp. 0.11% 3,799 $241K No change
GIS General Mills Inc. 0.11% 4,015 $240K Add +0.9%
XPCQX PIMCO California Muni Inc. FD 0.11% 26,140 $231K Reduce -30.2%
WY Weyerhaeuser Co. 0.11% 7,871 $230K Add +1.6%
STT State Street Corp. 0.11% 2,556 $229K Reduce -1.9%
CINF Cincinnati Financial Corp. 0.11% 1,504 $222K No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.10% 1,091 $220K No change
SDY SS SPDR S&P Dividend ETF 0.10% 1,597 $217K No change
BLK BlackRock Inc. 0.10% 228 $216K Reduce -26.0%
UNH Unitedhealth Group Inc. 0.10% 403 $211K No change
BKLN Invesco Senior Loan ETF 0.10% 9,836 $204K No change
GILD Gilead Sciences Inc. 0.10% 1,808 $203K New
KNOP Knot Offshore Partners LP 0.05% 13,800 $96K No change

Portfolio Sells Q4 2024 → Q1 2025
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.98
AVGO Broadcom Inc. Reduce -14.2% 0.52% −0.39
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.36
NVS Novartis AG-Sponsored ADR Reduce -52.9% 0.27% −0.27
GOOGL Alphabet Inc. Class A Reduce -7.5% 0.61% −0.26
COST Costco Wholesale Corp. Reduce -5.0% 2.42% −0.24
LMBS First Trust Low Duration Opp Sold out 0.00% −0.21
IWR iShares Russell Mid-Cap ETF Reduce -0.1% 1.74% −0.21
HOG Harley-Davidson Inc. Sold out 0.00% −0.20
DIS The Walt Disney Co. Reduce -2.9% 0.72% −0.18
CGCP Cap Group Core Plus Income Sold out 0.00% −0.16
JPM JPMorgan Chase & Co. Reduce -4.6% 1.50% −0.16
K Kellanova Sold out 0.00% −0.15
SPGI S&P Global Inc. Reduce -21.6% 0.42% −0.15
ADP Automatic Data Processing Reduce -6.5% 1.39% −0.15
VTV Vanguard Mrngstr Val ETF-Aui Reduce -2.0% 1.82% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.1% 1.08% −0.14
CMI Cummins Inc. Reduce -9.9% 0.40% −0.13
WFC Wells Fargo & Co. Reduce -8.7% 0.76% −0.12
VONG Vanguard Russell 1000 Growth Reduce -0.7% 0.57% −0.12
NEE Nextera Energy Inc. Reduce -6.3% 0.70% −0.12
AGG iShares Core U.S. Aggregate Reduce -4.5% 1.04% −0.11
ACN Accenture PLC Class A Reduce -6.6% 0.32% −0.10
IXUS iShares Core Intl Stock ETF Reduce -5.1% 1.20% −0.09
USB US Bancorp Reduce -1.7% 0.35% −0.08
KO The Coca-Cola Co. Reduce -15.5% 0.68% −0.08
XPCQX PIMCO California Muni Inc. FD Reduce -30.2% 0.11% −0.06
BA The Boeing Co. Reduce -11.7% 0.23% −0.06
BLK BlackRock Inc. Reduce -26.0% 0.10% −0.06
QCOM Qualcomm Inc. Reduce -4.4% 0.40% −0.05
ECL Ecolab Inc. Reduce -13.0% 0.32% −0.05
FDX FedEx Corp. Reduce -0.1% 0.18% −0.04
SRE Sempra Reduce -0.2% 0.13% −0.04
SPIB SS SPDR P Int C Corp. ETF Reduce -6.0% 0.32% −0.04
BDX Becton Dickinson and Co. Reduce -6.1% 0.30% −0.04
VTWO Vanguard Russell 2000 ETF Reduce -2.2% 0.18% −0.04
ALL Allstate Corp. Reduce -23.7% 0.12% −0.04
IJJ iShares S&P Mid-Cap 400 Valu Reduce -0.2% 0.29% −0.04
CB Chubb Ltd. Reduce -4.2% 1.13% −0.04
MCK McKesson Corp. Reduce -18.6% 0.28% −0.03
JNJ Johnson & Johnson Reduce -7.6% 1.76% −0.03
CSCO Cisco Systems Inc. Reduce -3.1% 0.43% −0.03
BSV Vanguard Short-Term Bond ETF Reduce -3.3% 0.27% −0.03
STT State Street Corp. Reduce -1.9% 0.11% −0.02
USHY iShares Broad Usd High Yield Reduce -5.0% 0.15% −0.02
IWS iShares Russell Mid-Cap Valu Reduce -1.0% 0.17% −0.02
PRF Invesco Rafi US 1000 ETF Reduce -5.6% 0.13% −0.02
AMGN Amgen Inc. Reduce -15.8% 0.22% −0.02
CPT Camden Property Trust Reduce -6.2% 0.15% −0.01
LIN Linde PLC Reduce -5.2% 0.43% −0.01

Portfolio Buys Q4 2024 → Q1 2025
MCD McDonald's Corp. Add +368.5% 3.04% +2.39
ABT Abbott Laboratories Add +34.0% 3.28% +1.03
BRK.B Berkshire Hathaway Inc. Class B Add +63.8% 2.04% +0.90
FTHI Fthi/First Trust Exchange-TR New 0.88% +0.88
UNP Union Pacific Corp. New 0.42% +0.42
DVY iShares Select Dividend ETF Add +368.1% 0.53% +0.41
IWF iShares Russell 1000 Growth Add +255.6% 0.60% +0.40
ABBV Abbvie Inc. Add +1.0% 4.17% +0.39
MCO Moody's Corp. New 0.36% +0.36
T AT&T Inc. Add +211.3% 0.48% +0.35
XOM Exxon Mobil Corp. Add +13.3% 2.30% +0.32
SO The Southern Co. New 0.31% +0.31
VZ Verizon Communications Inc. Add +95.5% 0.58% +0.30
PLD Prologis Inc. New 0.27% +0.27
PEP Pepsico Inc. Add +47.0% 0.97% +0.25
YUM Yum! Brands Inc. New 0.20% +0.20
BP BP PLC-Spons ADR New 0.19% +0.19
SHEL Shell PLC-ADR New 0.16% +0.16
SLB SLB Ltd. New 0.15% +0.15
ITW Illinois Tool Works New 0.15% +0.15
CVX Chevron Corp. Add +0.5% 2.09% +0.15
VWO Vanguard Ftse Emerging Marke Add +33.9% 0.66% +0.14
HON Honeywell International Inc. Add +45.9% 0.67% +0.14
LLY Eli Lilly & Co. Add +59.8% 0.34% +0.12
META Meta Platforms Inc. Class A Add +69.6% 0.34% +0.12
VEA Vanguard Ftse Developed ETF Add +18.2% 0.81% +0.11
WMT Walmart Inc. Add +62.0% 0.33% +0.11
GILD Gilead Sciences Inc. New 0.10% +0.10
NSC Norfolk Southern Corp. Add +92.5% 0.22% +0.10
DE Deere & Co. Add +11.7% 0.52% +0.07
GE General Electric Add +9.8% 0.30% +0.05
SBUX Starbucks Corp. Add +24.8% 0.23% +0.05
IBM Intl Business Machines Corp. Add +6.0% 0.37% +0.04
MMM 3M Co. Add +20.0% 0.18% +0.04
BMY Bristol-Myers Squibb Co. Add +10.1% 0.41% +0.04
PFE Pfizer Inc. Add +17.5% 0.56% +0.02
MDLZ Mondelez International Inc. Class A Add +11.9% 0.14% +0.02
ADI Analog Devices Inc. Add +26.6% 0.12% +0.01
INTC Intel Corp. Add +2.9% 0.15% +0.01
VNQ Vanguard Real Estate ETF Add +8.2% 0.20% +0.00
PSX Phillips 66 Add +0.9% 0.18% +0.00
TIP iShares Tips Bond ETF Add +3.2% 0.12% −0.00
AXP American Express Co. Add +18.8% 0.25% −0.00
WY Weyerhaeuser Co. Add +1.6% 0.11% −0.00
CMCSA Comcast Corp. Class A Add +7.8% 0.15% −0.00
CSX CSX Corp. Add +17.1% 0.37% −0.00
GEV GE Vernova Inc. Add +9.5% 0.12% −0.01
IEMG iShares Core MSCI Emerging Add +2.1% 0.31% −0.01
ZTS Zoetis Inc. Add +0.9% 0.18% −0.01
BAC Bank of America Corp. Add +3.5% 0.12% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q3 2026 183$253.0MMSFT, AAPL, ABBV, VUG, VTV
Q2 2026 190$256.3MAAPL, MSFT, ABBV, VTV, VUG
Q1 2026 176$232.0MMSFT, AAPL, ABBV, VTV, VUG
Q4 2025 172$239.8MMSFT, AAPL, ABBV, ABT, VTV
Q3 2025 174$242.2MMSFT, AAPL, ABBV, ABT, IXUS
Q2 2025 160$216.7MMSFT, AAPL, ABBV, ABT, MCD
Q1 2025 162$209.7MMSFT, AAPL, ABBV, ABT, MCD
Q4 2024 157$194.3MMSFT, AAPL, ABBV, COST, ABT
Q3 2024 156$194.6MMSFT, AAPL, ABBV, COST, ABT
Q2 2024 141$145.1MMSFT, AAPL, CVX, IWR, IVV
Q1 2024 143$171.6MMSFT, AAPL, ABBV, ABT, COST