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

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 Q2 2025 Q3 2025: $242.2M $242.2M Q3 2025 Q4 2025: $239.8M Q4 2025 Q1 2026: $232.0M Q1 2026 Q2 2026: $256.3M Q2 2026

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
GEV GE Vernova Inc. 0.21% 808 $497K Add +9.3%
LLY Eli Lilly & Co. 0.20% 644 $491K No change
TMO Thermo Fisher Scientific Inc. 0.20% 1,012 $491K Reduce -2.9%
EXPD Expeditors Intl Wash Inc. 0.19% 3,688 $452K Add +3.2%
SUN Sunoco LP 0.19% 9,000 $450K No change
VIG Vanguard Dividend Apprec ETF 0.18% 2,072 $447K No change
VTWO Vanguard Russell 2000 ETF 0.18% 4,535 $444K Reduce -0.8%
INTC Intel Corp. 0.18% 13,161 $442K Reduce -4.7%
PM Philip Morris International 0.18% 2,703 $438K Reduce -11.1%
HD Home Depot Inc. 0.18% 1,062 $430K Add +42.5%
VFMO Vanguard US Momentum Factor 0.18% 2,218 $425K New
FDX FedEx Corp. 0.17% 1,759 $415K Add +14.0%
YUM Yum! Brands Inc. 0.17% 2,703 $411K No change
SRE Sempra 0.17% 4,518 $407K Add +17.6%
IWS iShares Russell Mid-Cap Valu 0.16% 2,810 $392K No change
MMM 3M Co. 0.16% 2,522 $391K No change
VNQ Vanguard Real Estate ETF 0.16% 4,256 $389K Reduce -7.6%
SLF Sun Life Financial Inc. 0.16% 6,383 $383K No change
C Citigroup Inc. 0.16% 3,701 $376K New
PSX Phillips 66 0.15% 2,761 $376K Reduce -0.7%
CVS CVS Health Corp. 0.15% 4,807 $362K No change
ADI Analog Devices Inc. 0.14% 1,411 $347K Add +13.4%
AMGN Amgen Inc. 0.14% 1,221 $345K Reduce -16.4%
BP BP PLC-Spons ADR 0.14% 9,820 $338K Reduce -15.7%
CP Canadian Pacific Kansas City 0.14% 4,516 $336K No change
SBUX Starbucks Corp. 0.14% 3,906 $330K Add +1.4%
ZTS Zoetis Inc. 0.14% 2,258 $330K No change
ITW Illinois Tool Works 0.13% 1,249 $326K No change
IVW iShares S&P 500 Growth ETF 0.13% 2,689 $325K No change
CPT Camden Property Trust 0.13% 3,025 $323K Add +18.3%
RLY SS Multi-Asset Real Ret ETF 0.13% 10,250 $317K Add +21.8%
SDY SS SPDR S&P Dividend ETF 0.13% 2,247 $315K Add +40.7%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.13% 780 $314K No change
MDT Medtronic PLC 0.13% 3,231 $308K New
ETN Eaton Corp. PLC 0.12% 804 $301K New
SHEL Shell PLC-ADR 0.12% 4,175 $299K No change
USHY iShares Broad Usd High Yield 0.12% 7,891 $298K Reduce -6.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 5,659 $292K Add +4.6%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.12% 4,415 $290K New
NSC Norfolk Southern Corp. 0.12% 960 $288K Reduce -4.0%
STT State Street Corp. 0.12% 2,448 $284K No change
CARR Carrier Global Corp. 0.12% 4,724 $282K Add +24.4%
DKL Delek Logistics Partners LP 0.11% 6,100 $278K No change
SAR Saratoga Investment Corp. 0.11% 11,000 $268K No change
AB Alliancebernstein Holding LP 0.11% 7,000 $268K No change
CMCSA Comcast Corp. Class A 0.11% 8,462 $266K No change
BLK BlackRock Inc. 0.11% 228 $266K No change
TGT Target Corp. 0.11% 2,908 $261K Reduce -14.6%
EUSA iShares MSCI USA Equal Weigh 0.11% 2,502 $258K New
GS Goldman Sachs Group Inc. 0.11% 320 $255K New
TIP iShares Tips Bond ETF 0.10% 2,219 $247K No change
NOC Northrop Grumman Corp. 0.10% 405 $247K New
XLV SS Health Care Select Sector 0.10% 1,756 $244K No change
CL Colgate-Palmolive Co. 0.10% 3,052 $244K Add +7.6%
INTU Intuit Inc. 0.10% 357 $244K New
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.10% 7,038 $242K No change
MGC Vngrd Mrngstr MG Cap ETF-Usd 0.10% 986 $241K No change
CINF Cincinnati Financial Corp. 0.10% 1,504 $238K No change
XLK SS Technology Select Sector 0.10% 836 $236K No change
XPCQX PIMCO California Muni Inc. FD 0.09% 26,140 $228K No change
CTVA Corteva Inc. 0.09% 3,332 $225K New
EFV iShares MSCI Eafe Value ETF 0.09% 3,256 $221K No change
PH Parker Hannifin Corp. 0.09% 289 $219K New
WM Waste Management Inc. 0.09% 988 $218K New
GILD Gilead Sciences Inc. 0.09% 1,950 $216K New
CEF Sprott Physical Gold and Sil 0.09% 5,870 $215K New
CQP Cheniere Energy Partners LP 0.09% 4,000 $215K No change
MDLZ Mondelez International Inc. Class A 0.09% 3,401 $212K Reduce -1.4%
BNDX Vanguard Total Intl Bond ETF 0.09% 4,290 $212K No change
BKLN Invesco Senior Loan ETF 0.09% 9,836 $206K No change
UNH Unitedhealth Group Inc. 0.08% 582 $201K New
MKC McCormick & Co.-Non VTG SHRS 0.08% 3,000 $201K No change
GIS General Mills Inc. 0.08% 3,978 $201K No change
KNOP Knot Offshore Partners LP 0.05% 13,800 $122K 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

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