Davidson Trust Co.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), Davidson Trust Co. reported 160 stock positions worth $216.7 million. Its top holding was Microsoft (MSFT) at 9.2% of the portfolio, followed by Apple (AAPL, 5.6%) and Abbvie (ABBV, 3.4%). Compared with Q1 2025, it opened 5 new positions, sold out of 7, added to 26 and reduced 84. The biggest buy was a new position in Tortoise Energy ETF (TNGY) and the biggest sale Abbvie (ABBV, shares −5%).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0001133119
Portfolio Value
$216.7M (Q2 2025)
SEC Filing
0001133119-25-000003 ↗ filed Jul 28, 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 Q1 2025 Q2 2025: $216.7M $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

Holdings 160 stocks · $216.7M
MSFT Microsoft Corp. 9.17% 39,953 $19.9M Reduce -3.1%
AAPL Apple Inc. 5.60% 59,180 $12.1M Reduce -1.0%
ABBV Abbvie Inc. 3.39% 39,590 $7.3M Reduce -5.2%
ABT Abbott Laboratories 3.25% 51,799 $7.0M Reduce 0.0%
MCD McDonald's Corp. 2.71% 20,127 $5.9M Reduce -1.2%
COST Costco Wholesale Corp. 2.44% 5,339 $5.3M Reduce -0.6%
IVV iShares Core S&P 500 ETF 2.15% 7,503 $4.7M Reduce -1.4%
VTV Vanguard Mrngstr Val ETF-Aui 2.04% 24,986 $4.4M Add +13.1%
VUG Vanguard Mrngstar GR ETF-Sui 2.00% 9,877 $4.3M Add +3.2%
XOM Exxon Mobil Corp. 1.84% 37,039 $4.0M Reduce -8.5%
IWR iShares Russell Mid-Cap ETF 1.80% 42,410 $3.9M Reduce -1.2%
JPM JPMorgan Chase & Co. 1.68% 12,587 $3.6M Reduce -2.0%
CVX Chevron Corp. 1.64% 24,868 $3.6M Reduce -4.9%
VYM Vanguard High DVD Yield ETF 1.56% 25,385 $3.4M Add +5.1%
JNJ Johnson & Johnson 1.52% 21,530 $3.3M Reduce -3.4%
BRK.B Berkshire Hathaway Inc. Class B 1.51% 6,754 $3.3M Reduce -16.0%
IXUS iShares Core Intl Stock ETF 1.43% 40,122 $3.1M Add +10.9%
ADP Automatic Data Processing 1.34% 9,410 $2.9M Reduce -1.3%
IWM iShares Russell 2000 ETF 1.34% 13,422 $2.9M Reduce -0.1%
PG The Procter & Gamble Co. 1.29% 17,600 $2.8M Reduce -14.7%
AGG iShares Core U.S. Aggregate 1.23% 26,968 $2.7M Add +22.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.17% 4,091 $2.5M Add +1.2%
MDY State Street SPDR S&P Midcap 1.16% 4,428 $2.5M Reduce -1.5%
RTX RTX Corp. 1.07% 15,863 $2.3M Reduce -1.8%
CB Chubb Ltd. 1.03% 7,704 $2.2M Reduce -1.6%
GOOG Alphabet Inc. Class C 0.99% 12,051 $2.1M Reduce -0.1%
SCHX Schwab US Large-Cap ETF 0.97% 85,608 $2.1M No change
FTHI Fthi/First Trust Exchange-TR 0.93% 88,484 $2.0M Add +4.8%
AVGO Broadcom Inc. 0.90% 7,108 $2.0M Add +9.3%
VEA Vanguard Ftse Developed ETF 0.86% 32,677 $1.9M Reduce -1.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.85% 14,820 $1.8M Reduce -3.3%
EFA iShares MSCI Eafe ETF 0.84% 20,433 $1.8M No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.82% 6,256 $1.8M No change
PEP Pepsico Inc. 0.82% 13,496 $1.8M Reduce -0.1%
VTI VG Morningstar TS MKT ETF-US 0.81% 5,767 $1.8M No change
WFC Wells Fargo & Co. 0.81% 21,821 $1.7M Reduce -1.8%
NAC Nuveen Ca QLTY Muni Inc. 0.76% 148,098 $1.7M No change
VWO Vanguard Ftse Emerging Marke 0.76% 33,093 $1.6M Add +9.0%
AMZN Amazon.com Inc. 0.70% 6,870 $1.5M Reduce -0.1%
HON Honeywell International Inc. 0.69% 6,449 $1.5M Reduce -2.8%
IWF iShares Russell 1000 Growth 0.67% 3,431 $1.5M Reduce -2.1%
GOOGL Alphabet Inc. Class A 0.66% 8,141 $1.4M Reduce -1.4%
V Visa Inc. Class A 0.66% 4,020 $1.4M Reduce -1.3%
VONG Vanguard Russell 1000 Growth 0.65% 12,870 $1.4M Add +0.1%
KO The Coca-Cola Co. 0.64% 19,558 $1.4M Reduce -2.1%
NEE Nextera Energy Inc. 0.63% 19,679 $1.4M Reduce -5.1%
NKE Nike Inc. Class B 0.63% 19,082 $1.4M No change
ORCL Oracle Corp. 0.57% 5,675 $1.2M Reduce -8.2%
VONV Vanguard Russell 1000 Value 0.57% 14,399 $1.2M Add +0.4%
RWR SS SPDR Dow Jones REIT ETF 0.53% 11,999 $1.2M No change
TNGY Tortoise Energy ETF 0.53% 125,782 $1.2M New
VZ Verizon Communications Inc. 0.53% 26,366 $1.1M Reduce -1.6%
DVY iShares Select Dividend ETF 0.51% 8,281 $1.1M No change
LOW Lowe's Cos Inc. 0.50% 4,839 $1.1M Add +1.3%
IEFA iShares Core MSCI Eafe ETF 0.49% 12,627 $1.1M Add +0.9%
TSLA Tesla Inc. 0.47% 3,210 $1.0M Add +37.2%
CSCO Cisco Systems Inc. 0.46% 14,401 $999K Reduce -1.3%
DE Deere & Co. 0.46% 1,958 $996K Reduce -16.2%
T AT&T Inc. 0.46% 34,310 $993K Reduce -4.3%
PFE Pfizer Inc. 0.45% 40,432 $980K Reduce -13.2%
IWO iShares Russell 2000 Growth 0.44% 3,312 $947K Add +7.0%
META Meta Platforms Inc. Class A 0.43% 1,255 $926K No change
SPIB SS SPDR P Int C Corp. ETF 0.42% 27,328 $918K Add +35.3%
SPGI S&P Global Inc. 0.42% 1,712 $903K Reduce -1.7%
LIN Linde PLC 0.41% 1,891 $887K Reduce -2.5%
CMI Cummins Inc. 0.40% 2,675 $876K Add +0.9%
MCO Moody's Corp. 0.38% 1,641 $823K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.38% 2,765 $815K Reduce -12.6%
QCOM Qualcomm Inc. 0.38% 5,114 $814K Reduce -6.1%
IJJ iShares S&P Mid-Cap 400 Valu 0.36% 6,317 $781K Add +25.5%
USB US Bancorp 0.36% 17,113 $774K Reduce -0.9%
WMT Walmart Inc. 0.36% 7,868 $769K Reduce -1.6%
USIG iShares Broad Usd Investment 0.34% 14,407 $741K Add +1.0%
CSX CSX Corp. 0.34% 22,340 $729K Reduce -14.6%
IEMG iShares Core MSCI Emerging 0.34% 12,140 $729K Reduce -0.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.33% 2,586 $723K Add +0.4%
GE General Electric filed as GE AEROSPACE 0.33% 2,764 $711K Reduce -11.9%
MO Altria Group Inc. 0.33% 12,118 $710K Reduce -0.3%
ECL Ecolab Inc. 0.33% 2,625 $707K Reduce -1.0%
EEM iShares MSCI Emerging Market 0.30% 13,549 $654K Reduce -0.5%
SCHA Schwab US Small-Cap ETF 0.30% 25,588 $647K No change
MCK McKesson Corp. 0.30% 874 $640K No change
ACN Accenture PLC Class A 0.29% 2,130 $637K Reduce -1.2%
BSV Vanguard Short-Term Bond ETF 0.29% 7,992 $629K Add +9.6%
AXP American Express Co. 0.29% 1,959 $625K No change
SO The Southern Co. 0.28% 6,662 $612K Reduce -5.4%
IJK iShares S&P Mid-Cap 400 Grow 0.28% 6,700 $609K Add +17.6%
MA Mastercard Inc. Class A 0.27% 1,047 $588K No change
BA The Boeing Co. 0.27% 2,801 $587K Reduce -0.2%
BMY Bristol-Myers Squibb Co. 0.27% 12,436 $576K Reduce -11.6%
MRK Merck & Co. Inc. 0.26% 7,170 $568K Reduce -8.7%
QUAL iShares MSCI USA Quality Fac 0.26% 3,086 $564K Add +11.5%
PM Philip Morris International 0.26% 3,039 $553K Reduce -5.5%
IWN iShares Russell 2000 Value E 0.25% 3,497 $552K Add +22.3%
NVS Novartis AG-Sponsored ADR 0.25% 4,532 $548K Reduce -11.8%
VOO Vanguard S&P 500 ETF 0.25% 961 $546K Reduce -1.2%
PLD Prologis Inc. 0.25% 5,085 $535K No change
MUB iShares National Muni Bond E 0.24% 5,000 $522K No change
LLY Eli Lilly & Co. 0.23% 644 $502K Reduce -24.7%
CAT Caterpillar Inc. 0.23% 1,262 $490K Reduce -7.5%
SUN Sunoco LP 0.22% 9,000 $482K No change
BDX Becton Dickinson and Co. 0.22% 2,738 $472K Reduce -1.8%
PRF Invesco Rafi US 1000 ETF 0.22% 11,123 $470K Add +62.6%
SLF Sun Life Financial Inc. 0.20% 6,383 $424K No change
VIG Vanguard Dividend Apprec ETF 0.20% 2,072 $424K No change
TMO Thermo Fisher Scientific Inc. 0.20% 1,042 $422K No change
VNQ Vanguard Real Estate ETF 0.19% 4,606 $410K No change
EXPD Expeditors Intl Wash Inc. 0.19% 3,575 $408K No change
AMGN Amgen Inc. 0.19% 1,461 $408K Reduce -1.6%
YUM Yum! Brands Inc. 0.18% 2,703 $401K No change
VTWO Vanguard Russell 2000 ETF 0.18% 4,573 $399K Reduce -3.8%
GEV GE Vernova Inc. 0.18% 739 $391K Reduce -6.9%
MMM 3M Co. 0.18% 2,522 $384K Reduce -1.0%
IWS iShares Russell Mid-Cap Valu 0.17% 2,810 $371K No change
CP Canadian Pacific Kansas City 0.17% 4,516 $358K Reduce -3.1%
SBUX Starbucks Corp. 0.16% 3,850 $353K Reduce -22.3%
ZTS Zoetis Inc. 0.16% 2,258 $352K Reduce -0.9%
FDX FedEx Corp. 0.16% 1,543 $351K No change
BP BP PLC-Spons ADR 0.16% 11,648 $349K Reduce -1.3%
TGT Target Corp. 0.15% 3,404 $336K Reduce -16.9%
PSX Phillips 66 0.15% 2,781 $332K Reduce -9.2%
CVS CVS Health Corp. 0.15% 4,807 $332K Reduce -5.3%
USHY iShares Broad Usd High Yield 0.15% 8,445 $317K Reduce -0.9%
INTC Intel Corp. 0.14% 13,807 $309K Reduce -2.8%
ITW Illinois Tool Works 0.14% 1,249 $309K No change
CMCSA Comcast Corp. Class A 0.14% 8,462 $302K No change
ADI Analog Devices Inc. 0.14% 1,244 $296K No change
IVW iShares S&P 500 Growth ETF 0.14% 2,689 $296K No change
SHEL Shell PLC-ADR 0.14% 4,175 $294K Reduce -8.7%
SRE Sempra 0.13% 3,843 $291K No change
CPT Camden Property Trust 0.13% 2,557 $288K Reduce -0.2%
AB Alliancebernstein Holding LP 0.13% 7,000 $286K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.13% 780 $286K Reduce -8.2%
CARR Carrier Global Corp. 0.13% 3,799 $278K No change
HD Home Depot Inc. 0.13% 745 $273K No change
SAR Saratoga Investment Corp. 0.13% 11,000 $273K No change
DKL Delek Logistics Partners LP 0.12% 6,100 $262K No change
STT State Street Corp. 0.12% 2,448 $260K Reduce -4.2%
CL Colgate-Palmolive Co. 0.12% 2,836 $258K Add +1.3%
NSC Norfolk Southern Corp. 0.12% 1,000 $256K Reduce -48.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 5,409 $256K Reduce -8.3%
RLY SS Multi-Asset Real Ret ETF 0.11% 8,414 $245K New
TIP iShares Tips Bond ETF 0.11% 2,219 $244K No change
BLK BlackRock Inc. 0.11% 228 $239K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.11% 7,038 $238K Reduce -5.8%
XLV SS Health Care Select Sector 0.11% 1,756 $237K No change
MDLZ Mondelez International Inc. Class A 0.11% 3,449 $233K Reduce -18.5%
MKC McCormick & Co.-Non VTG SHRS 0.10% 3,000 $227K No change
XPCQX PIMCO California Muni Inc. FD 0.10% 26,140 $225K No change
CQP Cheniere Energy Partners LP 0.10% 4,000 $224K No change
CINF Cincinnati Financial Corp. 0.10% 1,504 $224K No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.10% 986 $222K Reduce -9.6%
SDY SS SPDR S&P Dividend ETF 0.10% 1,597 $217K No change
BNDX Vanguard Total Intl Bond ETF 0.10% 4,290 $212K New
XLK SS Technology Select Sector 0.10% 836 $212K New
UPS United Parcel Service Class B 0.10% 2,063 $208K Reduce -11.9%
EFV iShares MSCI Eafe Value ETF 0.10% 3,256 $207K New
GIS General Mills Inc. 0.10% 3,978 $206K Reduce -0.9%
BKLN Invesco Senior Loan ETF 0.10% 9,836 $206K No change
KNOP Knot Offshore Partners LP 0.04% 13,800 $86K No change

Portfolio Sells Q1 2025 → Q2 2025
ABBV Abbvie Inc. Reduce -5.2% 3.39% −0.78
AAPL Apple Inc. Reduce -1.0% 5.60% −0.73
BRK.B Berkshire Hathaway Inc. Class B Reduce -16.0% 1.51% −0.53
XOM Exxon Mobil Corp. Reduce -8.5% 1.84% −0.45
CVX Chevron Corp. Reduce -4.9% 1.64% −0.44
UNP Union Pacific Corp. Sold out 0.00% −0.42
PG The Procter & Gamble Co. Reduce -14.7% 1.29% −0.38
MCD McDonald's Corp. Reduce -1.2% 2.71% −0.32
JNJ Johnson & Johnson Reduce -3.4% 1.52% −0.25
PEP Pepsico Inc. Reduce -0.1% 0.82% −0.14
BMY Bristol-Myers Squibb Co. Reduce -11.6% 0.27% −0.14
IEI iShares 3-7 Year Treasury Bo Sold out 0.00% −0.14
ALL Allstate Corp. Sold out 0.00% −0.12
KMB Kimberly-Clark Corp. Sold out 0.00% −0.12
PFE Pfizer Inc. Reduce -13.2% 0.45% −0.11
WY Weyerhaeuser Co. Sold out 0.00% −0.11
LLY Eli Lilly & Co. Reduce -24.7% 0.23% −0.10
UNH Unitedhealth Group Inc. Sold out 0.00% −0.10
NSC Norfolk Southern Corp. Reduce -48.0% 0.12% −0.10
CB Chubb Ltd. Reduce -1.6% 1.03% −0.10
GILD Gilead Sciences Inc. Sold out 0.00% −0.10
BDX Becton Dickinson and Co. Reduce -1.8% 0.22% −0.09
MRK Merck & Co. Inc. Reduce -8.7% 0.26% −0.07
NEE Nextera Energy Inc. Reduce -5.1% 0.63% −0.07
SBUX Starbucks Corp. Reduce -22.3% 0.16% −0.07
DE Deere & Co. Reduce -16.2% 0.46% −0.06
VZ Verizon Communications Inc. Reduce -1.6% 0.53% −0.05
ADP Automatic Data Processing Reduce -1.3% 1.34% −0.05
TGT Target Corp. Reduce -16.9% 0.15% −0.05
KO The Coca-Cola Co. Reduce -2.1% 0.64% −0.04
SLB SLB Ltd. Reduce -5.8% 0.11% −0.04
AMGN Amgen Inc. Reduce -1.6% 0.19% −0.03
CSX CSX Corp. Reduce -14.6% 0.34% −0.03
MDLZ Mondelez International Inc. Class A Reduce -18.5% 0.11% −0.03
BP BP PLC-Spons ADR Reduce -1.3% 0.16% −0.03
PSX Phillips 66 Reduce -9.2% 0.15% −0.03
ACN Accenture PLC Class A Reduce -1.2% 0.29% −0.03
UPS United Parcel Service Class B Reduce -11.9% 0.10% −0.03
SO The Southern Co. Reduce -5.4% 0.28% −0.03
T AT&T Inc. Reduce -4.3% 0.46% −0.03
ABT Abbott Laboratories Reduce 0.0% 3.25% −0.03
SHEL Shell PLC-ADR Reduce -8.7% 0.14% −0.02
QCOM Qualcomm Inc. Reduce -6.1% 0.38% −0.02
V Visa Inc. Class A Reduce -1.3% 0.66% −0.02
LIN Linde PLC Reduce -2.5% 0.41% −0.02
NVS Novartis AG-Sponsored ADR Reduce -11.8% 0.25% −0.02
MO Altria Group Inc. Reduce -0.3% 0.33% −0.02
GIS General Mills Inc. Reduce -0.9% 0.10% −0.02
CPT Camden Property Trust Reduce -0.2% 0.13% −0.02
ZTS Zoetis Inc. Reduce -0.9% 0.16% −0.02

Portfolio Buys Q1 2025 → Q2 2025
TNGY Tortoise Energy ETF New 0.53% +0.53
AVGO Broadcom Inc. Add +9.3% 0.90% +0.39
VUG Vanguard Mrngstar GR ETF-Sui Add +3.2% 2.00% +0.31
IXUS iShares Core Intl Stock ETF Add +10.9% 1.43% +0.23
VTV Vanguard Mrngstr Val ETF-Aui Add +13.1% 2.04% +0.22
AGG iShares Core U.S. Aggregate Add +22.1% 1.23% +0.19
TSLA Tesla Inc. Add +37.2% 0.47% +0.18
RLY SS Multi-Asset Real Ret ETF New 0.11% +0.11
SPIB SS SPDR P Int C Corp. ETF Add +35.3% 0.42% +0.10
VWO Vanguard Ftse Emerging Marke Add +9.0% 0.76% +0.10
BNDX Vanguard Total Intl Bond ETF New 0.10% +0.10
XLK SS Technology Select Sector New 0.10% +0.10
EFV iShares MSCI Eafe Value ETF New 0.10% +0.10
SPY SS SPDR S&P 500 ETF Trust-US Add +1.2% 1.17% +0.09
PRF Invesco Rafi US 1000 ETF Add +62.6% 0.22% +0.09
VONG Vanguard Russell 1000 Growth Add +0.1% 0.65% +0.08
VYM Vanguard High DVD Yield ETF Add +5.1% 1.56% +0.08
IJJ iShares S&P Mid-Cap 400 Valu Add +25.5% 0.36% +0.07
IWO iShares Russell 2000 Growth Add +7.0% 0.44% +0.06
IJK iShares S&P Mid-Cap 400 Grow Add +17.6% 0.28% +0.06
FTHI Fthi/First Trust Exchange-TR Add +4.8% 0.93% +0.05
IWN iShares Russell 2000 Value E Add +22.3% 0.25% +0.05
IEFA iShares Core MSCI Eafe ETF Add +0.9% 0.49% +0.04
QUAL iShares MSCI USA Quality Fac Add +11.5% 0.26% +0.03
BSV Vanguard Short-Term Bond ETF Add +9.6% 0.29% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.4% 0.33% +0.02
CMI Cummins Inc. Add +0.9% 0.40% +0.01
VONV Vanguard Russell 1000 Value Add +0.4% 0.57% +0.00
USIG iShares Broad Usd Investment Add +1.0% 0.34% −0.01
CL Colgate-Palmolive Co. Add +1.3% 0.12% −0.01
LOW Lowe's Cos Inc. Add +1.3% 0.50% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
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