Davidson Trust Co.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Davidson Trust Co. reported 174 stock positions worth $242.2 million. Its top holding was Microsoft (MSFT) at 10.7% of the portfolio, followed by Apple (AAPL, 5.9%) and Abbvie (ABBV, 3.7%). Compared with Q2 2025, it opened 16 new positions, sold out of 2, added to 65 and reduced 45. The biggest buy was Microsoft (MSFT, shares +25%) and the biggest sale McDonald's (MCD, shares −83%).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0001133119
- Portfolio Value
- $242.2M (Q3 2025)
- SEC Filing
- 0001133119-25-000006 ↗ filed Oct 20, 2025
Holdings Value
Holdings 174 stocks · $242.2M
| MSFT Microsoft Corp. | 10.71% | 50,108 | $26.0M | Add +25.4% |
| AAPL Apple Inc. | 5.91% | 56,200 | $14.3M | Reduce -5.0% |
| ABBV Abbvie Inc. | 3.69% | 38,648 | $8.9M | Reduce -2.4% |
| ABT Abbott Laboratories | 2.81% | 50,888 | $6.8M | Reduce -1.8% |
| IXUS iShares Core Intl Stock ETF | 2.12% | 62,211 | $5.1M | Add +55.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.09% | 27,191 | $5.1M | Add +8.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.07% | 10,452 | $5.0M | Add +5.8% |
| COST Costco Wholesale Corp. | 2.02% | 5,287 | $4.9M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 1.94% | 7,026 | $4.7M | Reduce -6.4% |
| IWR iShares Russell Mid-Cap ETF | 1.76% | 44,262 | $4.3M | Add +4.4% |
| CVX Chevron Corp. | 1.75% | 27,229 | $4.2M | Add +9.5% |
| JNJ Johnson & Johnson | 1.63% | 21,339 | $4.0M | Reduce -0.9% |
| VYM Vanguard High DVD Yield ETF | 1.56% | 26,806 | $3.8M | Add +5.6% |
| JPM JPMorgan Chase & Co. | 1.55% | 11,892 | $3.8M | Reduce -5.5% |
| XOM Exxon Mobil Corp. | 1.44% | 30,943 | $3.5M | Reduce -16.5% |
| GBCI Glacier Bancorp Inc. | 1.44% | 71,458 | $3.5M | New |
| IWM iShares Russell 2000 ETF | 1.40% | 14,064 | $3.4M | Add +4.8% |
| AGG iShares Core U.S. Aggregate | 1.39% | 33,632 | $3.4M | Add +24.7% |
| GOOG Alphabet Inc. Class C | 1.32% | 13,141 | $3.2M | Add +9.0% |
| RTX RTX Corp. | 1.19% | 17,247 | $2.9M | Add +8.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.14% | 4,141 | $2.8M | Add +1.2% |
| ADP Automatic Data Processing | 1.13% | 9,344 | $2.7M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.12% | 5,390 | $2.7M | Reduce -20.2% |
| PG The Procter & Gamble Co. | 1.09% | 17,252 | $2.7M | Reduce -2.0% |
| MDY State Street SPDR S&P Midcap | 1.09% | 4,423 | $2.6M | Reduce -0.1% |
| AVGO Broadcom Inc. | 1.07% | 7,850 | $2.6M | Add +10.4% |
| SCHX Schwab US Large-Cap ETF | 0.93% | 85,608 | $2.3M | No change |
| CB Chubb Ltd. | 0.90% | 7,727 | $2.2M | Add +0.3% |
| FTHI Fthi/First Trust Exchange-TR | 0.85% | 86,591 | $2.1M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 0.85% | 8,436 | $2.1M | Add +3.6% |
| VEA Vanguard Ftse Developed ETF | 0.82% | 32,951 | $2.0M | Add +0.8% |
| EFA iShares MSCI Eafe ETF | 0.81% | 20,968 | $2.0M | Add +2.6% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.80% | 6,256 | $1.9M | No change |
| PEP Pepsico Inc. | 0.79% | 13,568 | $1.9M | Add +0.5% |
| VWO Vanguard Ftse Emerging Marke | 0.78% | 34,943 | $1.9M | Add +5.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.78% | 5,767 | $1.9M | No change |
| WFC Wells Fargo & Co. | 0.72% | 20,949 | $1.8M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 0.72% | 7,992 | $1.8M | Add +16.3% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.70% | 148,098 | $1.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 14,799 | $1.7M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.70% | 6,025 | $1.7M | Add +6.2% |
| NEE Nextera Energy Inc. | 0.69% | 22,188 | $1.7M | Add +12.8% |
| IWF iShares Russell 1000 Growth | 0.65% | 3,356 | $1.6M | Reduce -2.2% |
| VONG Vanguard Russell 1000 Growth | 0.64% | 12,884 | $1.6M | Add +0.1% |
| V Visa Inc. Class A | 0.62% | 4,379 | $1.5M | Add +8.9% |
| HON Honeywell International Inc. | 0.59% | 6,776 | $1.4M | Add +5.1% |
| NKE Nike Inc. Class B | 0.55% | 19,132 | $1.3M | Add +0.3% |
| VONV Vanguard Russell 1000 Value | 0.53% | 14,454 | $1.3M | Add +0.4% |
| KO The Coca-Cola Co. | 0.53% | 19,292 | $1.3M | Reduce -1.4% |
| TNGY Tortoise Energy ETF | 0.51% | 135,994 | $1.2M | Add +8.1% |
| RWR SS SPDR Dow Jones REIT ETF | 0.50% | 11,999 | $1.2M | No change |
| LOW Lowe's Cos Inc. | 0.49% | 4,743 | $1.2M | Reduce -2.0% |
| SPIB SS SPDR P Int C Corp. ETF | 0.49% | 34,987 | $1.2M | Add +28.0% |
| DVY iShares Select Dividend ETF | 0.49% | 8,281 | $1.2M | No change |
| VZ Verizon Communications Inc. | 0.47% | 25,782 | $1.1M | Reduce -2.2% |
| IWO iShares Russell 2000 Growth | 0.46% | 3,519 | $1.1M | Add +6.3% |
| CMI Cummins Inc. | 0.46% | 2,632 | $1.1M | Reduce -1.6% |
| T AT&T Inc. | 0.46% | 39,050 | $1.1M | Add +13.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.46% | 12,627 | $1.1M | No change |
| PFE Pfizer Inc. | 0.43% | 40,656 | $1.0M | Add +0.6% |
| MCD McDonald's Corp. | 0.42% | 3,340 | $1.0M | Reduce -83.4% |
| META Meta Platforms Inc. Class A | 0.42% | 1,378 | $1.0M | Add +9.8% |
| CSCO Cisco Systems Inc. | 0.39% | 13,972 | $956K | Reduce -3.0% |
| DE Deere & Co. | 0.39% | 2,045 | $935K | Add +4.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 3,213 | $907K | Add +16.2% |
| WMT Walmart Inc. | 0.37% | 8,691 | $896K | Add +10.5% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.37% | 6,900 | $895K | Add +9.2% |
| LIN Linde PLC | 0.36% | 1,837 | $873K | Reduce -2.9% |
| GE General Electric filed as GE AEROSPACE | 0.36% | 2,892 | $870K | Add +4.6% |
| USB US Bancorp | 0.35% | 17,485 | $845K | Add +2.2% |
| BA The Boeing Co. | 0.35% | 3,876 | $837K | Add +38.4% |
| SPGI S&P Global Inc. | 0.34% | 1,703 | $829K | Reduce -0.5% |
| MO Altria Group Inc. | 0.33% | 12,118 | $801K | No change |
| IEMG iShares Core MSCI Emerging | 0.33% | 12,140 | $800K | No change |
| MCO Moody's Corp. | 0.33% | 1,674 | $798K | Add +2.0% |
| QCOM Qualcomm Inc. | 0.32% | 4,658 | $775K | Reduce -8.9% |
| CSX CSX Corp. | 0.31% | 21,440 | $761K | Reduce -4.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.31% | 2,559 | $751K | Reduce -1.0% |
| IWN iShares Russell 2000 Value E | 0.30% | 4,138 | $732K | Add +18.3% |
| EEM iShares MSCI Emerging Market | 0.30% | 13,549 | $724K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.30% | 9,164 | $723K | Add +14.7% |
| ECL Ecolab Inc. | 0.30% | 2,626 | $719K | Add +0.0% |
| SCHA Schwab US Small-Cap ETF | 0.29% | 25,588 | $714K | No change |
| USIG iShares Broad Usd Investment | 0.29% | 13,475 | $704K | Reduce -6.5% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.28% | 7,118 | $683K | Add +6.2% |
| MCK McKesson Corp. | 0.28% | 874 | $675K | No change |
| SO The Southern Co. | 0.28% | 7,053 | $668K | Add +5.9% |
| QUAL iShares MSCI USA Quality Fac | 0.28% | 3,431 | $667K | Add +11.2% |
| MA Mastercard Inc. Class A | 0.27% | 1,148 | $653K | Add +9.7% |
| AXP American Express Co. | 0.26% | 1,914 | $636K | Reduce -2.3% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 13,586 | $613K | Add +9.3% |
| CAT Caterpillar Inc. | 0.25% | 1,262 | $602K | No change |
| PRF Invesco Rafi US 1000 ETF | 0.25% | 13,163 | $595K | Add +18.3% |
| VOO Vanguard S&P 500 ETF | 0.24% | 957 | $586K | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.24% | 6,970 | $585K | Reduce -2.8% |
| PLD Prologis Inc. | 0.24% | 5,046 | $578K | Reduce -0.8% |
| ACN Accenture PLC Class A | 0.24% | 2,332 | $575K | Add +9.5% |
| BDX Becton Dickinson and Co. | 0.23% | 3,031 | $567K | Add +10.7% |
| NVS Novartis AG-Sponsored ADR | 0.23% | 4,410 | $566K | Reduce -2.7% |
| MUB iShares National Muni Bond E | 0.22% | 5,000 | $532K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MCD McDonald's Corp. | Reduce -83.4% | 0.42% | −2.29 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.47 |
| ABT Abbott Laboratories | Reduce -1.8% | 2.81% | −0.44 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 2.02% | −0.42 |
| XOM Exxon Mobil Corp. | Reduce -16.5% | 1.44% | −0.40 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -20.2% | 1.12% | −0.40 |
| IVV iShares Core S&P 500 ETF | Reduce -6.4% | 1.94% | −0.21 |
| ADP Automatic Data Processing | Reduce -0.7% | 1.13% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -2.0% | 1.09% | −0.20 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.70% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -5.5% | 1.55% | −0.14 |
| KO The Coca-Cola Co. | Reduce -1.4% | 0.53% | −0.11 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.10 |
| FTHI Fthi/First Trust Exchange-TR | Reduce -2.1% | 0.85% | −0.09 |
| WFC Wells Fargo & Co. | Reduce -4.0% | 0.72% | −0.08 |
| PM Philip Morris International | Reduce -11.1% | 0.18% | −0.07 |
| SPGI S&P Global Inc. | Reduce -0.5% | 0.34% | −0.07 |
| MDY State Street SPDR S&P Midcap | Reduce -0.1% | 1.09% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -3.0% | 0.39% | −0.07 |
| VZ Verizon Communications Inc. | Reduce -2.2% | 0.47% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -8.9% | 0.32% | −0.06 |
| USIG iShares Broad Usd Investment | Reduce -6.5% | 0.29% | −0.05 |
| LIN Linde PLC | Reduce -2.9% | 0.36% | −0.05 |
| TGT Target Corp. | Reduce -14.6% | 0.11% | −0.05 |
| AMGN Amgen Inc. | Reduce -16.4% | 0.14% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -7.6% | 0.16% | −0.03 |
| AXP American Express Co. | Reduce -2.3% | 0.26% | −0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.0% | 0.31% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -2.2% | 0.65% | −0.02 |
| USHY iShares Broad Usd High Yield | Reduce -6.6% | 0.12% | −0.02 |
| CSX CSX Corp. | Reduce -4.0% | 0.31% | −0.02 |
| BP BP PLC-Spons ADR | Reduce -15.7% | 0.14% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -2.8% | 0.24% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.4% | 0.09% | −0.02 |
| NVS Novartis AG-Sponsored ADR | Reduce -2.7% | 0.23% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -0.4% | 0.24% | −0.01 |
| PLD Prologis Inc. | Reduce -0.8% | 0.24% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -2.0% | 0.49% | −0.00 |
| VTWO Vanguard Russell 2000 ETF | Reduce -0.8% | 0.18% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -4.0% | 0.12% | +0.00 |
| PSX Phillips 66 | Reduce -0.7% | 0.15% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.9% | 0.20% | +0.01 |
| INTC Intel Corp. | Reduce -4.7% | 0.18% | +0.04 |
| CMI Cummins Inc. | Reduce -1.6% | 0.46% | +0.05 |
| JNJ Johnson & Johnson | Reduce -0.9% | 1.63% | +0.12 |
| ABBV Abbvie Inc. | Reduce -2.4% | 3.69% | +0.30 |
| AAPL Apple Inc. | Reduce -5.0% | 5.91% | +0.30 |
Portfolio Buys Q2 2025 → Q3 2025
| MSFT Microsoft Corp. | Add +25.4% | 10.71% | +1.54 |
| GBCI Glacier Bancorp Inc. | New | 1.44% | +1.44 |
| IXUS iShares Core Intl Stock ETF | Add +55.0% | 2.12% | +0.69 |
| GOOG Alphabet Inc. Class C | Add +9.0% | 1.32% | +0.33 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 0.85% | +0.18 |
| VFMO Vanguard US Momentum Factor | New | 0.18% | +0.18 |
| AVGO Broadcom Inc. | Add +10.4% | 1.07% | +0.16 |
| AGG iShares Core U.S. Aggregate | Add +24.7% | 1.39% | +0.16 |
| C Citigroup Inc. | New | 0.16% | +0.16 |
| MDT Medtronic PLC | New | 0.13% | +0.13 |
| ORCL Oracle Corp. | Add +6.2% | 0.70% | +0.13 |
| ETN Eaton Corp. PLC | New | 0.12% | +0.12 |
| RTX RTX Corp. | Add +8.7% | 1.19% | +0.12 |
| BOH Bank of Hawaii Corp. | New | 0.12% | +0.12 |
| EUSA iShares MSCI USA Equal Weigh | New | 0.11% | +0.11 |
| GS Goldman Sachs Group Inc. | New | 0.11% | +0.11 |
| CVX Chevron Corp. | Add +9.5% | 1.75% | +0.10 |
| NOC Northrop Grumman Corp. | New | 0.10% | +0.10 |
| INTU Intuit Inc. | New | 0.10% | +0.10 |
| CTVA Corteva Inc. | New | 0.09% | +0.09 |
| PH Parker Hannifin Corp. | New | 0.09% | +0.09 |
| WM Waste Management Inc. | New | 0.09% | +0.09 |
| GILD Gilead Sciences Inc. | New | 0.09% | +0.09 |
| CEF Sprott Physical Gold and Sil | New | 0.09% | +0.09 |
| UNH Unitedhealth Group Inc. | New | 0.08% | +0.08 |
| BA The Boeing Co. | Add +38.4% | 0.35% | +0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +5.8% | 2.07% | +0.07 |
| IWM iShares Russell 2000 ETF | Add +4.8% | 1.40% | +0.07 |
| SPIB SS SPDR P Int C Corp. ETF | Add +28.0% | 0.49% | +0.07 |
| NEE Nextera Energy Inc. | Add +12.8% | 0.69% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +8.8% | 2.09% | +0.06 |
| HD Home Depot Inc. | Add +42.5% | 0.18% | +0.05 |
| IWN iShares Russell 2000 Value E | Add +18.3% | 0.30% | +0.05 |
| SRE Sempra | Add +17.6% | 0.17% | +0.03 |
| GE General Electric | Add +4.6% | 0.36% | +0.03 |
| SDY SS SPDR S&P Dividend ETF | Add +40.7% | 0.13% | +0.03 |
| AMZN Amazon.com Inc. | Add +16.3% | 0.72% | +0.03 |
| PRF Invesco Rafi US 1000 ETF | Add +18.3% | 0.25% | +0.03 |
| IWO iShares Russell 2000 Growth | Add +6.3% | 0.46% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +5.6% | 0.78% | +0.03 |
| GEV GE Vernova Inc. | Add +9.3% | 0.21% | +0.02 |
| RLY SS Multi-Asset Real Ret ETF | Add +21.8% | 0.13% | +0.02 |
| BDX Becton Dickinson and Co. | Add +10.7% | 0.23% | +0.02 |
| QUAL iShares MSCI USA Quality Fac | Add +11.2% | 0.28% | +0.02 |
| WMT Walmart Inc. | Add +10.5% | 0.37% | +0.01 |
| FDX FedEx Corp. | Add +14.0% | 0.17% | +0.01 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +9.2% | 0.37% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +14.7% | 0.30% | +0.01 |
| ADI Analog Devices Inc. | Add +13.4% | 0.14% | +0.01 |
| BAC Bank of America Corp. | Add +4.6% | 0.12% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 190 | $256.3M | AAPL, MSFT, ABBV, VTV, VUG |
| Q1 2026 | 176 | $232.0M | MSFT, AAPL, ABBV, VTV, VUG |
| Q4 2025 | 172 | $239.8M | MSFT, AAPL, ABBV, ABT, VTV |
| Q3 2025 | 174 | $242.2M | MSFT, AAPL, ABBV, ABT, IXUS |
| Q2 2025 | 160 | $216.7M | MSFT, AAPL, ABBV, ABT, MCD |
| Q1 2025 | 162 | $209.7M | MSFT, AAPL, ABBV, ABT, MCD |
| Q4 2024 | 157 | $194.3M | MSFT, AAPL, ABBV, COST, ABT |
| Q3 2024 | 156 | $194.6M | MSFT, AAPL, ABBV, COST, ABT |
| Q2 2024 | 141 | $145.1M | MSFT, AAPL, CVX, IWR, IVV |
| Q1 2024 | 143 | $171.6M | MSFT, AAPL, ABBV, ABT, COST |