Davis R M Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Davis R M Inc. reported 270 stock positions worth $5.7 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 6.5% of the portfolio, followed by Apple (AAPL, 5.0%) and Nvidia (NVDA, 4.7%). Compared with Q2 2025, it opened 18 new positions, sold out of 16, added to 75 and reduced 139. The biggest buy was Broadcom (AVGO, shares +392%) and the biggest sale Accenture Class A (ACN, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, ME
- CIK
- 0000891287
- Portfolio Value
- $5.7B (Q3 2025)
- SEC Filing
- 0000891287-25-000010 ↗ filed Nov 12, 2025
Holdings Value
Holdings 270 stocks · $5.7B
| SPY SS SPDR S&P 500 ETF Trust-US | 6.51% | 559,285 | $372.6M | Add +0.6% |
| AAPL Apple Inc. | 5.05% | 1,133,470 | $288.6M | Reduce -0.4% |
| NVDA Nvidia Corp. | 4.70% | 1,441,492 | $269.0M | Reduce -2.1% |
| MSFT Microsoft Corp. | 4.08% | 450,645 | $233.4M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 3.86% | 909,370 | $221.1M | Reduce -0.6% |
| IJH iShares Core S&P Midcap ETF | 3.68% | 3,224,893 | $210.5M | Add +0.7% |
| APH Amphenol Corp. Class A | 3.04% | 1,406,726 | $174.1M | Reduce -4.6% |
| PANW Palo Alto Networks Inc. | 2.49% | 698,384 | $142.2M | Reduce -1.0% |
| AMZN Amazon.com Inc. | 2.45% | 637,192 | $139.9M | Add +0.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.31% | 520,039 | $132.2M | Add +0.9% |
| VEA Vanguard Ftse Developed ETF | 2.28% | 2,177,482 | $130.5M | Add +4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.28% | 259,323 | $130.4M | Add +1.2% |
| JPM JPMorgan Chase & Co. | 2.03% | 367,591 | $115.9M | Reduce -0.1% |
| V Visa Inc. Class A | 1.75% | 293,172 | $100.1M | Add +0.7% |
| COST Costco Wholesale Corp. | 1.74% | 107,621 | $99.6M | Add +0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.73% | 682,744 | $98.7M | Reduce -0.8% |
| INTU Intuit Inc. | 1.64% | 137,708 | $94.0M | Reduce -0.9% |
| META Meta Platforms Inc. Class A | 1.60% | 124,253 | $91.2M | Add +0.8% |
| CB Chubb Ltd. | 1.23% | 249,484 | $70.4M | Add +0.8% |
| ETN Eaton Corp. PLC | 1.23% | 188,032 | $70.4M | Reduce -1.3% |
| WCN Waste Connections Inc. | 1.22% | 396,441 | $69.7M | Reduce -0.4% |
| LIN Linde PLC | 1.21% | 145,943 | $69.3M | Reduce -1.4% |
| TTWO Take-Two Interactive Softwre | 1.14% | 251,305 | $64.9M | Add +1.8% |
| HD Home Depot Inc. | 1.11% | 156,082 | $63.2M | Reduce -0.9% |
| DHR Danaher Corp. | 1.10% | 316,709 | $62.8M | Reduce -1.5% |
| IDXX Idexx Laboratories Inc. | 1.07% | 95,588 | $61.1M | Reduce -5.7% |
| TMO Thermo Fisher Scientific Inc. | 1.07% | 125,879 | $61.1M | Reduce -1.9% |
| IWV iShares Russell 3000 ETF | 1.06% | 159,610 | $60.5M | No change |
| AME Ametek Inc. | 1.04% | 317,777 | $59.7M | Reduce -1.0% |
| MRVL Marvell Technology Inc. | 1.03% | 702,594 | $59.1M | Add +1.1% |
| RTX RTX Corp. | 0.97% | 332,201 | $55.6M | Reduce -3.5% |
| AMT American Tower Corp. | 0.97% | 287,333 | $55.3M | Reduce -1.3% |
| NEE Nextera Energy Inc. | 0.93% | 702,332 | $53.0M | Reduce -1.7% |
| SYK Stryker Corp. | 0.90% | 138,732 | $51.3M | Add +1.8% |
| XOM Exxon Mobil Corp. | 0.89% | 449,254 | $50.7M | Add +0.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.86% | 50,598 | $49.0M | Reduce -7.0% |
| PG The Procter & Gamble Co. | 0.86% | 318,384 | $48.9M | Add +8.9% |
| TSCO Tractor Supply Company | 0.84% | 840,511 | $47.8M | Add +0.9% |
| MTD Mettler-Toledo International | 0.82% | 38,109 | $46.8M | Reduce -0.9% |
| PSX Phillips 66 | 0.80% | 335,625 | $45.7M | Reduce -1.7% |
| LLY Eli Lilly & Co. | 0.79% | 59,372 | $45.3M | Add +9.6% |
| PEP Pepsico Inc. | 0.79% | 321,424 | $45.1M | Reduce -0.9% |
| AON Aon PLC Class A | 0.79% | 126,242 | $45.0M | Add +0.8% |
| ROP Roper Technologies Inc. | 0.78% | 89,061 | $44.4M | Reduce -2.5% |
| GS Goldman Sachs Group Inc. | 0.77% | 55,120 | $43.9M | Add +5.9% |
| AWK American Water Works Co. Inc. | 0.75% | 309,331 | $43.1M | Reduce -2.5% |
| QCOM Qualcomm Inc. | 0.73% | 249,448 | $41.5M | Reduce -3.7% |
| JNJ Johnson & Johnson | 0.70% | 215,437 | $39.9M | Reduce -1.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.66% | 526,689 | $37.6M | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.65% | 156,918 | $37.1M | Reduce -0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.65% | 718,426 | $37.1M | Add +3.4% |
| NOC Northrop Grumman Corp. | 0.63% | 59,479 | $36.2M | Reduce -7.3% |
| GOOG Alphabet Inc. Class C | 0.63% | 147,148 | $35.8M | Add +0.6% |
| GE General Electric filed as GE AEROSPACE | 0.61% | 115,923 | $34.9M | Add +4.6% |
| COP Conocophillips | 0.61% | 367,310 | $34.7M | Reduce -2.1% |
| NFLX Netflix Inc. | 0.59% | 28,327 | $34.0M | Add +13.3% |
| AVGO Broadcom Inc. | 0.59% | 102,285 | $33.7M | Add +391.9% |
| BSCR Invesco Bulletshares 2027 CB | 0.56% | 1,634,577 | $32.2M | Add +1.1% |
| ROK Rockwell Automation Inc. | 0.55% | 90,477 | $31.6M | Add +1.5% |
| NOW ServiceNow Inc. | 0.55% | 34,293 | $31.6M | Add +31.1% |
| SHW The Sherwin-Williams Co. | 0.49% | 80,979 | $28.0M | Add +5.5% |
| BSCQ Invesco Bulletshares 2026 CB | 0.46% | 1,337,051 | $26.2M | Add +1.0% |
| MDT Medtronic PLC | 0.45% | 267,590 | $25.5M | Add +1.7% |
| EQIX Equinix Inc. | 0.43% | 31,646 | $24.8M | Reduce -2.7% |
| DE Deere & Co. | 0.41% | 51,121 | $23.4M | Add +3.3% |
| ISRG Intuitive Surgical Inc. | 0.40% | 51,596 | $23.1M | Add +24.0% |
| IWB iShares Russell 1000 ETF | 0.38% | 60,141 | $22.0M | Reduce -0.8% |
| ECL Ecolab Inc. | 0.37% | 76,597 | $21.0M | Reduce -13.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.31% | 54,529 | $17.9M | Reduce -2.8% |
| BSCS Invesco Bulletshares 2028 CB | 0.31% | 851,563 | $17.5M | Add +14.1% |
| TOL Toll Brothers Inc. | 0.29% | 118,547 | $16.4M | Reduce -9.2% |
| CME Cme Group Inc. | 0.29% | 60,553 | $16.4M | Reduce -11.5% |
| MUNI PIMCO Intermediate Municipal | 0.28% | 310,198 | $16.2M | Reduce -1.6% |
| RBC RBC Bearings Inc. | 0.28% | 40,759 | $15.9M | Reduce -3.9% |
| BSCP Invesco Bulletshares 2025 CB | 0.27% | 738,357 | $15.3M | Reduce -17.8% |
| ACN Accenture PLC Class A | 0.26% | 61,085 | $15.1M | Reduce -58.8% |
| ZTS Zoetis Inc. | 0.26% | 101,827 | $14.9M | Reduce -11.2% |
| BSCT Invesco Bulletshares 2029 CB | 0.21% | 650,087 | $12.2M | Add +8.5% |
| CL Colgate-Palmolive Co. | 0.20% | 142,890 | $11.4M | Reduce -35.6% |
| MCHP Microchip Technology Inc. | 0.20% | 174,706 | $11.2M | Reduce -26.2% |
| BSCU Invesco Bulletshares 2030 CB | 0.14% | 466,808 | $7.9M | Add +25.9% |
| ADP Automatic Data Processing | 0.14% | 26,657 | $7.8M | Reduce -2.3% |
| MKC McCormick & Co.-Non VTG SHRS | 0.13% | 109,636 | $7.3M | Reduce -1.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.12% | 132,853 | $7.0M | Add +1.5% |
| VIG Vanguard Dividend Apprec ETF | 0.12% | 32,060 | $6.9M | Reduce -1.8% |
| XLY SS Consumer Disc Select Sect | 0.12% | 28,216 | $6.8M | Add +0.5% |
| ORCL Oracle Corp. | 0.10% | 20,095 | $5.7M | Reduce -3.5% |
| SCHF Schwab Intl Equity ETF | 0.09% | 231,974 | $5.4M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 96,542 | $5.2M | Reduce -4.2% |
| IWF iShares Russell 1000 Growth | 0.09% | 10,926 | $5.1M | Add +6.5% |
| VOO Vanguard S&P 500 ETF | 0.09% | 8,083 | $4.9M | Add +12.9% |
| CAT Caterpillar Inc. | 0.08% | 9,759 | $4.7M | Add +164.8% |
| CVX Chevron Corp. | 0.07% | 27,149 | $4.2M | Add +5.7% |
| IVV iShares Core S&P 500 ETF | 0.07% | 6,174 | $4.1M | Add +66.2% |
| MDY State Street SPDR S&P Midcap | 0.07% | 6,927 | $4.1M | Reduce -1.3% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.06% | 72,517 | $3.7M | Add +6.1% |
| ABBV Abbvie Inc. | 0.06% | 15,531 | $3.6M | Reduce -6.8% |
| MCD McDonald's Corp. | 0.06% | 11,666 | $3.5M | Add +0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 6,349 | $3.0M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 10,737 | $3.0M | Add +2.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $397K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 310 | $397K | New |
Total filed on the 13F, all lines: $5.7B.
Portfolio Sells Q2 2025 → Q3 2025
| ACN Accenture PLC Class A | Reduce -58.8% | 0.26% | −0.56 |
| INTU Intuit Inc. | Reduce -0.9% | 1.64% | −0.38 |
| AMT American Tower Corp. | Reduce -1.3% | 0.97% | −0.23 |
| PANW Palo Alto Networks Inc. | Reduce -1.0% | 2.49% | −0.19 |
| ROP Roper Technologies Inc. | Reduce -2.5% | 0.78% | −0.18 |
| CL Colgate-Palmolive Co. | Reduce -35.6% | 0.20% | −0.17 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.17 |
| WCN Waste Connections Inc. | Reduce -0.4% | 1.22% | −0.16 |
| MCHP Microchip Technology Inc. | Reduce -26.2% | 0.20% | −0.11 |
| MSFT Microsoft Corp. | Reduce -0.3% | 4.08% | −0.09 |
| DHR Danaher Corp. | Reduce -1.5% | 1.10% | −0.08 |
| ECL Ecolab Inc. | Reduce -13.9% | 0.37% | −0.08 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -17.8% | 0.27% | −0.08 |
| LIN Linde PLC | Reduce -1.4% | 1.21% | −0.08 |
| ZTS Zoetis Inc. | Reduce -11.2% | 0.26% | −0.07 |
| AWK American Water Works Co. Inc. | Reduce -2.5% | 0.75% | −0.07 |
| CME Cme Group Inc. | Reduce -11.5% | 0.29% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -62.7% | 0.03% | −0.05 |
| NDSN Nordson Corp. | Reduce -50.8% | 0.05% | −0.05 |
| EQIX Equinix Inc. | Reduce -2.7% | 0.43% | −0.05 |
| USB US Bancorp | Reduce -54.9% | 0.04% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -3.7% | 0.73% | −0.04 |
| AME Ametek Inc. | Reduce -1.0% | 1.04% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -1.3% | 1.23% | −0.03 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.8% | 0.13% | −0.03 |
| CAC Camden National Corp. | Sold out | 0.00% | −0.03 |
| DIS The Walt Disney Co. | Reduce -23.1% | 0.05% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.5% | 0.65% | −0.02 |
| RBC RBC Bearings Inc. | Reduce -3.9% | 0.28% | −0.02 |
| JKHY Jack Henry & Associates Inc. | Reduce -60.2% | 0.01% | −0.02 |
| MTD Mettler-Toledo International | Reduce -0.9% | 0.82% | −0.02 |
| ADP Automatic Data Processing | Reduce -2.3% | 0.14% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -32.7% | 0.04% | −0.02 |
| STE Steris PLC | Reduce -62.1% | 0.01% | −0.02 |
| COP Conocophillips | Reduce -2.1% | 0.61% | −0.02 |
| MUNI PIMCO Intermediate Municipal | Reduce -1.6% | 0.28% | −0.02 |
| STZ Constellation Brands Inc. Class A | Reduce -64.6% | 0.01% | −0.01 |
| OSK Oshkosh Corp. | Reduce -28.7% | 0.05% | −0.01 |
| NKE Nike Inc. Class B | Reduce -17.1% | 0.05% | −0.01 |
| ABT Abbott Laboratories | Reduce -12.6% | 0.05% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -28.9% | 0.03% | −0.01 |
| SBUX Starbucks Corp. | Reduce -5.0% | 0.04% | −0.01 |
| HSY The Hershey Co. | Reduce -23.2% | 0.04% | −0.01 |
| HON Honeywell International Inc. | Reduce -12.4% | 0.02% | −0.01 |
| DVY iShares Select Dividend ETF | Sold out | 0.00% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -1.3% | 0.03% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.1% | 0.66% | −0.01 |
| VLTO Veralto Corp. | Reduce -39.8% | 0.01% | −0.01 |
| SPGI S&P Global Inc. | Reduce -3.7% | 0.03% | −0.01 |
| PM Philip Morris International | Reduce -10.5% | 0.02% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | Add +391.9% | 0.59% | +0.48 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 6.51% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +0.6% | 0.63% | +0.15 |
| GS Goldman Sachs Group Inc. | Add +5.9% | 0.77% | +0.08 |
| GE General Electric | Add +4.6% | 0.61% | +0.08 |
| VEA Vanguard Ftse Developed ETF | Add +4.3% | 2.28% | +0.07 |
| CAT Caterpillar Inc. | Add +164.8% | 0.08% | +0.05 |
| NOW ServiceNow Inc. | Add +31.1% | 0.55% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.9% | 2.31% | +0.05 |
| BAC Bank of America Corp. | Add +3.4% | 0.65% | +0.04 |
| SNPS Synopsys Inc. | New | 0.04% | +0.04 |
| MRVL Marvell Technology Inc. | Add +1.1% | 1.03% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +66.2% | 0.07% | +0.03 |
| TTWO Take-Two Interactive Softwre | Add +1.8% | 1.14% | +0.02 |
| BSCU Invesco Bulletshares 2030 CB | Add +25.9% | 0.14% | +0.02 |
| BSCS Invesco Bulletshares 2028 CB | Add +14.1% | 0.31% | +0.02 |
| TSCO Tractor Supply Company | Add +0.9% | 0.84% | +0.02 |
| MDT Medtronic PLC | Add +1.7% | 0.45% | +0.02 |
| BND Vanguard Total Bond Market | Add +194.3% | 0.02% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +12.9% | 0.09% | +0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.01% | +0.01 |
| IEMG iShares Core MSCI Emerging | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +9.6% | 0.79% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +6.5% | 0.09% | +0.01 |
| HWM Howmet Aerospace Inc. | Add +150.6% | 0.01% | +0.01 |
| BSCT Invesco Bulletshares 2029 CB | Add +8.5% | 0.21% | +0.01 |
| AVDV Avantis Intl S/C Value ETF | New | 0.01% | +0.01 |
| BSCV Invesco Bulletshares 2031 CB | Add +28.1% | 0.03% | +0.01 |
| BNY Bank of New York Mellon Corp. | New | 0.01% | +0.01 |
| CVX Chevron Corp. | Add +5.7% | 0.07% | +0.01 |
| XLY SS Consumer Disc Select Sect | Add +0.5% | 0.12% | +0.01 |
| XLE SS Energy Select Sector | New | 0.00% | +0.00 |
| STX Seagate Technology Holdings | New | 0.00% | +0.00 |
| LH Labcorp Holdings Inc. | New | 0.00% | +0.00 |
| DFAT Dimensional US Target Value | New | 0.00% | +0.00 |
| RSG Republic Services Inc. | New | 0.00% | +0.00 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.00% | +0.00 |
| HPE Hewlett Packard Enterprise | New | 0.00% | +0.00 |
| URI United Rentals Inc. | New | 0.00% | +0.00 |
| INTC Intel Corp. | New | 0.00% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +29.4% | 0.02% | +0.00 |
| AZO AutoZone Inc. | New | 0.00% | +0.00 |
| NVR NVR Inc. | New | 0.00% | +0.00 |
| ROK Rockwell Automation Inc. | Add +1.5% | 0.55% | +0.00 |
| GILD Gilead Sciences Inc. | New | 0.00% | +0.00 |
| BSCW Invesco Bulletshares 2032 CB | Add +30.4% | 0.02% | +0.00 |
| IVE iShares S&P 500 Value ETF | New | 0.00% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +13.5% | 0.03% | +0.00 |
| IWD iShares Russell 1000 Value E | Add +51.7% | 0.01% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +4.2% | 0.05% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | New | 310 | $397K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 279 | $6.3B | SPY, AAPL, GOOGL, NVDA, IJH |
| Q1 2026 | 272 | $5.6B | SPY, AAPL, GOOGL, NVDA, IJH |
| Q4 2025 | 274 | $5.8B | SPY, AAPL, GOOGL, NVDA, IJH |
| Q3 2025 | 270 | $5.7B | SPY, AAPL, NVDA, MSFT, GOOGL |
| Q2 2025 | 268 | $5.4B | SPY, AAPL, NVDA, MSFT, IJH |
| Q1 2025 | 280 | $5.0B | SPY, AAPL, IJH, MSFT, NVDA |
| Q4 2024 | 275 | $5.1B | SPY, AAPL, NVDA, IJH, MSFT |
| Q3 2024 | 271 | $5.2B | SPY, AAPL, IJH, MSFT, NVDA |
| Q2 2024 | 274 | $4.9B | SPY, AAPL, MSFT, NVDA, GOOGL |
| Q1 2024 | 260 | $4.8B | SPY, AAPL, MSFT, IJH, GOOGL |