Davidson Trust Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Davidson Trust Co. reported 172 stock positions worth $239.8 million. Its top holding was Microsoft (MSFT) at 8.7% of the portfolio, followed by Apple (AAPL, 6.6%) and Abbvie (ABBV, 3.7%). Compared with Q3 2025, it opened 13 new positions, sold out of 15, added to 65 and reduced 60. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Microsoft (MSFT, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0001133119
- Portfolio Value
- $239.8M (Q4 2025)
- SEC Filing
- 0001133119-26-000001 ↗ filed Jan 27, 2026
Holdings Value
Holdings 172 stocks · $239.8M
| MSFT Microsoft Corp. | 8.66% | 42,948 | $20.8M | Reduce -14.3% |
| AAPL Apple Inc. | 6.61% | 58,329 | $15.9M | Add +3.8% |
| ABBV Abbvie Inc. | 3.71% | 38,962 | $8.9M | Add +0.8% |
| ABT Abbott Laboratories | 2.66% | 50,888 | $6.4M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.32% | 29,165 | $5.6M | Add +7.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.31% | 11,364 | $5.5M | Add +8.7% |
| IXUS iShares Core Intl Stock ETF | 2.05% | 58,209 | $4.9M | Reduce -6.4% |
| IVV iShares Core S&P 500 ETF | 1.99% | 6,975 | $4.8M | Reduce -0.7% |
| GOOG Alphabet Inc. Class C | 1.90% | 14,544 | $4.6M | Add +10.7% |
| IWR iShares Russell Mid-Cap ETF | 1.78% | 44,442 | $4.3M | Add +0.4% |
| JNJ Johnson & Johnson | 1.76% | 20,355 | $4.2M | Reduce -4.6% |
| JPM JPMorgan Chase & Co. | 1.70% | 12,623 | $4.1M | Add +6.2% |
| COST Costco Wholesale Corp. | 1.66% | 4,610 | $4.0M | Reduce -12.8% |
| AGG iShares Core U.S. Aggregate | 1.55% | 37,130 | $3.7M | Add +10.4% |
| XOM Exxon Mobil Corp. | 1.52% | 30,280 | $3.6M | Reduce -2.1% |
| VYM Vanguard High DVD Yield ETF | 1.50% | 25,064 | $3.6M | Reduce -6.5% |
| IWM iShares Russell 2000 ETF | 1.43% | 13,964 | $3.4M | Reduce -0.7% |
| GBCI Glacier Bancorp Inc. | 1.31% | 71,458 | $3.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.25% | 4,391 | $3.0M | Add +6.0% |
| AVGO Broadcom Inc. | 1.19% | 8,245 | $2.9M | Add +5.0% |
| RTX RTX Corp. | 1.17% | 15,344 | $2.8M | Reduce -11.0% |
| PG The Procter & Gamble Co. | 1.11% | 18,644 | $2.7M | Add +8.1% |
| ADP Automatic Data Processing | 1.04% | 9,676 | $2.5M | Add +3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 4,863 | $2.4M | Reduce -9.8% |
| VEA Vanguard Ftse Developed ETF | 1.00% | 38,386 | $2.4M | Add +16.5% |
| AMZN Amazon.com Inc. | 0.99% | 10,315 | $2.4M | Add +29.1% |
| SCHX Schwab US Large-Cap ETF | 0.96% | 85,608 | $2.3M | No change |
| MDY State Street SPDR S&P Midcap | 0.95% | 3,768 | $2.3M | Reduce -14.8% |
| CB Chubb Ltd. | 0.93% | 7,174 | $2.2M | Reduce -7.2% |
| GOOGL Alphabet Inc. Class A | 0.92% | 7,049 | $2.2M | Reduce -16.4% |
| EFA iShares MSCI Eafe ETF | 0.86% | 21,456 | $2.1M | Add +2.3% |
| FTHI Fthi/First Trust Exchange-TR | 0.82% | 83,520 | $2.0M | Reduce -3.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.82% | 6,256 | $2.0M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.81% | 36,011 | $1.9M | Add +3.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.81% | 5,767 | $1.9M | No change |
| NEE Nextera Energy Inc. | 0.78% | 23,159 | $1.9M | Add +4.4% |
| PEP Pepsico Inc. | 0.76% | 12,711 | $1.8M | Reduce -6.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.75% | 15,754 | $1.8M | Add +6.5% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.73% | 148,098 | $1.7M | No change |
| IWF iShares Russell 1000 Growth | 0.65% | 3,309 | $1.6M | Reduce -1.4% |
| VONG Vanguard Russell 1000 Growth | 0.59% | 11,565 | $1.4M | Reduce -10.2% |
| WFC Wells Fargo & Co. | 0.59% | 15,100 | $1.4M | Reduce -27.9% |
| CVX Chevron Corp. | 0.58% | 9,093 | $1.4M | Reduce -66.6% |
| SPIB SS SPDR P Int C Corp. ETF | 0.57% | 40,648 | $1.4M | Add +16.2% |
| LOW Lowe's Cos Inc. | 0.56% | 5,615 | $1.4M | Add +18.4% |
| CSCO Cisco Systems Inc. | 0.56% | 17,565 | $1.4M | Add +25.7% |
| KO The Coca-Cola Co. | 0.55% | 18,880 | $1.3M | Reduce -2.1% |
| HON Honeywell International Inc. | 0.55% | 6,732 | $1.3M | Reduce -0.7% |
| CMI Cummins Inc. | 0.54% | 2,534 | $1.3M | Reduce -3.7% |
| V Visa Inc. Class A | 0.53% | 3,639 | $1.3M | Reduce -16.9% |
| NKE Nike Inc. Class B | 0.51% | 19,282 | $1.2M | Add +0.8% |
| VONV Vanguard Russell 1000 Value | 0.50% | 13,013 | $1.2M | Reduce -10.0% |
| META Meta Platforms Inc. Class A | 0.50% | 1,801 | $1.2M | Add +30.7% |
| RWR SS SPDR Dow Jones REIT ETF | 0.49% | 11,999 | $1.2M | No change |
| ORCL Oracle Corp. | 0.49% | 6,039 | $1.2M | Add +0.2% |
| DVY iShares Select Dividend ETF | 0.49% | 8,281 | $1.2M | No change |
| TNGY Tortoise Energy ETF | 0.49% | 129,121 | $1.2M | Reduce -5.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.47% | 12,498 | $1.1M | Reduce -1.0% |
| MCD McDonald's Corp. | 0.47% | 3,657 | $1.1M | Add +9.5% |
| IWO iShares Russell 2000 Growth | 0.46% | 3,443 | $1.1M | Reduce -2.2% |
| PFE Pfizer Inc. | 0.46% | 44,653 | $1.1M | Add +9.8% |
| QCOM Qualcomm Inc. | 0.44% | 6,130 | $1.0M | Add +31.6% |
| VZ Verizon Communications Inc. | 0.41% | 24,185 | $985K | Reduce -6.2% |
| T AT&T Inc. | 0.41% | 39,478 | $981K | Add +1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 3,298 | $977K | Add +2.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.39% | 7,047 | $928K | Add +2.1% |
| WMT Walmart Inc. | 0.38% | 8,210 | $915K | Reduce -5.5% |
| USB US Bancorp | 0.38% | 17,113 | $913K | Reduce -2.1% |
| SPGI S&P Global Inc. | 0.38% | 1,727 | $903K | Add +1.4% |
| GE General Electric filed as GE AEROSPACE | 0.35% | 2,761 | $850K | Reduce -4.5% |
| IEMG iShares Core MSCI Emerging | 0.35% | 12,556 | $844K | Add +3.4% |
| BA The Boeing Co. | 0.35% | 3,886 | $844K | Add +0.3% |
| MCO Moody's Corp. | 0.35% | 1,641 | $838K | Reduce -2.0% |
| CSX CSX Corp. | 0.33% | 22,145 | $803K | Add +3.3% |
| BSV Vanguard Short-Term Bond ETF | 0.32% | 9,834 | $775K | Add +7.3% |
| LIN Linde PLC | 0.31% | 1,760 | $750K | Reduce -4.2% |
| PLD Prologis Inc. | 0.31% | 5,787 | $739K | Add +14.7% |
| EEM iShares MSCI Emerging Market | 0.31% | 13,471 | $737K | Reduce -0.6% |
| IWN iShares Russell 2000 Value E | 0.31% | 4,058 | $735K | Reduce -1.9% |
| IJK iShares S&P Mid-Cap 400 Grow | 0.31% | 7,554 | $732K | Add +6.1% |
| SCHA Schwab US Small-Cap ETF | 0.30% | 25,588 | $729K | No change |
| QUAL iShares MSCI USA Quality Fac | 0.30% | 3,655 | $726K | Add +6.5% |
| MO Altria Group Inc. | 0.30% | 12,480 | $720K | Add +3.0% |
| AXP American Express Co. | 0.30% | 1,919 | $710K | Add +0.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.29% | 15,071 | $701K | New |
| ECL Ecolab Inc. | 0.29% | 2,669 | $701K | Add +1.6% |
| PRF Invesco Rafi US 1000 ETF | 0.29% | 14,892 | $699K | Add +13.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.29% | 2,371 | $688K | Reduce -7.3% |
| CAT Caterpillar Inc. | 0.28% | 1,168 | $669K | Reduce -7.5% |
| PM Philip Morris International | 0.27% | 4,081 | $655K | Add +51.0% |
| USIG iShares Broad Usd Investment | 0.27% | 12,398 | $642K | Reduce -8.0% |
| ACN Accenture PLC Class A | 0.27% | 2,391 | $642K | Add +2.5% |
| BMY Bristol-Myers Squibb Co. | 0.27% | 11,891 | $641K | Reduce -12.5% |
| DE Deere & Co. | 0.27% | 1,371 | $638K | Reduce -33.0% |
| ADI Analog Devices Inc. | 0.26% | 2,275 | $617K | Add +61.2% |
| VOO Vanguard S&P 500 ETF | 0.25% | 957 | $600K | No change |
| CVS CVS Health Corp. | 0.25% | 7,469 | $593K | Add +55.4% |
| LLY Eli Lilly & Co. | 0.24% | 545 | $586K | Reduce -15.4% |
| SO The Southern Co. | 0.24% | 6,662 | $581K | Reduce -5.5% |
| MRK Merck & Co. Inc. | 0.24% | 5,458 | $575K | Reduce -21.7% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -14.3% | 8.66% | −2.05 |
| CVX Chevron Corp. | Reduce -66.6% | 0.58% | −1.17 |
| COST Costco Wholesale Corp. | Reduce -12.8% | 1.66% | −0.36 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.28 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.27 |
| MDY State Street SPDR S&P Midcap | Reduce -14.8% | 0.95% | −0.14 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.14 |
| WFC Wells Fargo & Co. | Reduce -27.9% | 0.59% | −0.14 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.14 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.12 |
| DE Deere & Co. | Reduce -33.0% | 0.27% | −0.12 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.10 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -9.8% | 1.02% | −0.10 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.10 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.09 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.09 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.09 |
| BKLN Invesco Senior Loan ETF | Sold out | 0.00% | −0.09 |
| V Visa Inc. Class A | Reduce -16.9% | 0.53% | −0.09 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.08 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.08 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.08 |
| IXUS iShares Core Intl Stock ETF | Reduce -6.4% | 2.05% | −0.07 |
| VYM Vanguard High DVD Yield ETF | Reduce -6.5% | 1.50% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -6.2% | 0.41% | −0.06 |
| SRE Sempra | Reduce -33.3% | 0.11% | −0.06 |
| VONG Vanguard Russell 1000 Growth | Reduce -10.2% | 0.59% | −0.05 |
| PSX Phillips 66 | Reduce -31.7% | 0.10% | −0.05 |
| LIN Linde PLC | Reduce -4.2% | 0.31% | −0.05 |
| HON Honeywell International Inc. | Reduce -0.7% | 0.55% | −0.04 |
| SO The Southern Co. | Reduce -5.5% | 0.24% | −0.03 |
| VONV Vanguard Russell 1000 Value | Reduce -10.0% | 0.50% | −0.03 |
| PEP Pepsico Inc. | Reduce -6.3% | 0.76% | −0.03 |
| FTHI Fthi/First Trust Exchange-TR | Reduce -3.5% | 0.82% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -7.3% | 0.29% | −0.02 |
| USIG iShares Broad Usd Investment | Reduce -8.0% | 0.27% | −0.02 |
| TNGY Tortoise Energy ETF | Reduce -5.0% | 0.49% | −0.02 |
| NVS Novartis AG-Sponsored ADR | Reduce -15.3% | 0.21% | −0.02 |
| RTX RTX Corp. | Reduce -11.0% | 1.17% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -10.4% | 0.09% | −0.02 |
| VTWO Vanguard Russell 2000 ETF | Reduce -8.2% | 0.17% | −0.01 |
| USHY iShares Broad Usd High Yield | Reduce -7.8% | 0.11% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -8.2% | 0.09% | −0.01 |
| GE General Electric | Reduce -4.5% | 0.35% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.0% | 0.13% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -21.7% | 0.24% | −0.00 |
| IWO iShares Russell 2000 Growth | Reduce -2.2% | 0.46% | −0.00 |
| CPT Camden Property Trust | Reduce -3.1% | 0.13% | +0.00 |
| GILD Gilead Sciences Inc. | Reduce -7.4% | 0.09% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | Add +3.8% | 6.61% | +0.70 |
| GOOG Alphabet Inc. Class C | Add +10.7% | 1.90% | +0.58 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 0.29% | +0.29 |
| AMZN Amazon.com Inc. | Add +29.1% | 0.99% | +0.27 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.7% | 2.31% | +0.24 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +7.3% | 2.32% | +0.23 |
| VEA Vanguard Ftse Developed ETF | Add +16.5% | 1.00% | +0.18 |
| SCHW Schwab (charles) Corp. | New | 0.18% | +0.18 |
| CSCO Cisco Systems Inc. | Add +25.7% | 0.56% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.17% | +0.17 |
| AGG iShares Core U.S. Aggregate | Add +10.4% | 1.55% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +6.2% | 1.70% | +0.15 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.14% | +0.14 |
| AVGO Broadcom Inc. | Add +5.0% | 1.19% | +0.12 |
| QCOM Qualcomm Inc. | Add +31.6% | 0.44% | +0.12 |
| ADI Analog Devices Inc. | Add +61.2% | 0.26% | +0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.0% | 1.25% | +0.11 |
| BAC Bank of America Corp. | Add +73.5% | 0.23% | +0.10 |
| FERG Ferguson Enterprises Inc. | New | 0.10% | +0.10 |
| LH Labcorp Holdings Inc. | New | 0.10% | +0.10 |
| AGNC AGNC Investment Corp. | New | 0.10% | +0.10 |
| CVS CVS Health Corp. | Add +55.4% | 0.25% | +0.10 |
| PM Philip Morris International | Add +51.0% | 0.27% | +0.09 |
| EMB iShares JP Morgan Usd Emergi | New | 0.09% | +0.09 |
| TRMB Trimble Inc. | New | 0.09% | +0.09 |
| WBD Warner Bros Discovery Inc. | New | 0.09% | +0.09 |
| TLT iShares 20+ Year Treasury BD | New | 0.09% | +0.09 |
| GD General Dynamics Corp. | New | 0.09% | +0.09 |
| EQT Eqt Corp. | New | 0.09% | +0.09 |
| NEE Nextera Energy Inc. | Add +4.4% | 0.78% | +0.08 |
| SPIB SS SPDR P Int C Corp. ETF | Add +16.2% | 0.57% | +0.08 |
| MDT Medtronic PLC | Add +58.9% | 0.21% | +0.08 |
| META Meta Platforms Inc. Class A | Add +30.7% | 0.50% | +0.08 |
| LOW Lowe's Cos Inc. | Add +18.4% | 0.56% | +0.07 |
| PLD Prologis Inc. | Add +14.7% | 0.31% | +0.07 |
| NSC Norfolk Southern Corp. | Add +59.6% | 0.18% | +0.07 |
| EFA iShares MSCI Eafe ETF | Add +2.3% | 0.86% | +0.05 |
| DIS The Walt Disney Co. | Add +6.5% | 0.75% | +0.05 |
| MCD McDonald's Corp. | Add +9.5% | 0.47% | +0.05 |
| PRF Invesco Rafi US 1000 ETF | Add +13.1% | 0.29% | +0.05 |
| AMGN Amgen Inc. | Add +12.3% | 0.19% | +0.04 |
| CARR Carrier Global Corp. | Add +53.9% | 0.16% | +0.04 |
| PFE Pfizer Inc. | Add +9.8% | 0.46% | +0.04 |
| SPGI S&P Global Inc. | Add +1.4% | 0.38% | +0.03 |
| AXP American Express Co. | Add +0.3% | 0.30% | +0.03 |
| IBM Intl Business Machines Corp. | Add +2.6% | 0.41% | +0.03 |
| C Citigroup Inc. | Add +4.2% | 0.19% | +0.03 |
| ACN Accenture PLC Class A | Add +2.5% | 0.27% | +0.03 |
| QUAL iShares MSCI USA Quality Fac | Add +6.5% | 0.30% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +3.1% | 0.81% | +0.03 |
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 |