HM Payson & Co.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed June 20, 2024), HM Payson & Co. reported 958 stock positions worth $5.4 billion. Its top holding was Microsoft (MSFT) at 6.2% of the portfolio, followed by Apple (AAPL, 5.3%) and Alphabet Class C (GOOG, 3.9%). Compared with Q4 2023, it opened 62 new positions, sold out of 65, added to 177 and reduced 289. The biggest buy was Nvidia (NVDA, shares +97%) and the biggest sale SS Spdrb B 3-12M T-Bill ETF (BILS, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, ME
- CIK
- 0000928052
- Portfolio Value
- $5.4B (Q1 2024)
- SEC Filing
- 0000928052-24-000002 ↗ filed Jun 20, 2024
Holdings Value
Holdings 958 stocks · $5.4B
| MSFT Microsoft Corp. | 6.16% | 788,458 | $331.7M | Reduce -0.0% |
| AAPL Apple Inc. | 5.33% | 1,673,793 | $287.0M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 3.95% | 1,394,884 | $212.4M | Reduce -1.2% |
| AVGO Broadcom Inc. | 3.79% | 153,803 | $203.9M | Reduce -6.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.77% | 354,406 | $149.0M | Reduce -7.8% |
| NVDA Nvidia Corp. | 2.56% | 152,416 | $137.7M | Add +97.1% |
| MA Mastercard Inc. Class A | 2.23% | 249,371 | $120.1M | Add +1.7% |
| JNJ Johnson & Johnson | 2.13% | 724,817 | $114.7M | Reduce -4.5% |
| CDW CDW Corp. | 2.12% | 446,918 | $114.3M | Add +2.7% |
| V Visa Inc. Class A | 2.12% | 408,825 | $114.1M | Add +1.7% |
| LRCX Lam Research Corp. | 1.94% | 107,645 | $104.6M | Reduce -12.2% |
| ACN Accenture PLC Class A | 1.94% | 301,136 | $104.4M | Reduce -0.2% |
| ABBV Abbvie Inc. | 1.93% | 569,569 | $103.7M | Add +0.2% |
| HD Home Depot Inc. | 1.88% | 264,316 | $101.4M | Reduce -2.9% |
| AME Ametek Inc. | 1.76% | 516,439 | $94.5M | Add +7.4% |
| IBTE iShares Ibonds Dec 2024 Term | 1.63% | 3,663,218 | $87.7M | Add +66.4% |
| TMO Thermo Fisher Scientific Inc. | 1.58% | 146,242 | $85.0M | Add +1.0% |
| MCD McDonald's Corp. | 1.53% | 291,823 | $82.3M | Reduce -5.3% |
| LHX L3HARRIS Technologies Inc. | 1.52% | 384,940 | $82.0M | Add +59.5% |
| GOOGL Alphabet Inc. Class A | 1.49% | 529,798 | $80.0M | Reduce -1.9% |
| IBTF iShares Ibonds Dec 2025 Term | 1.43% | 3,313,909 | $77.0M | Add +944.6% |
| AZO AutoZone Inc. | 1.42% | 24,266 | $76.5M | Add +6.9% |
| MPC Marathon Petroleum Corp. | 1.41% | 377,273 | $76.0M | Reduce -14.3% |
| MRK Merck & Co. Inc. | 1.36% | 554,349 | $73.1M | Reduce -2.8% |
| ASML ASML Holding NV-NY Reg SHS | 1.29% | 71,429 | $69.3M | Reduce -3.6% |
| IBDP iShares Ibonds Dec 2024 Term | 1.26% | 2,706,454 | $67.8M | Add +15.9% |
| IBTG iShares Ibonds Dec 2026 Term | 1.22% | 2,893,642 | $65.7M | Add +2527.4% |
| NXPI NXP Semiconductors NV | 1.16% | 251,754 | $62.4M | Add +13.5% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.16% | 2,507,331 | $62.2M | Add +18.0% |
| SPGI S&P Global Inc. | 1.09% | 138,396 | $58.9M | Reduce -3.3% |
| UNH Unitedhealth Group Inc. | 1.08% | 117,850 | $58.3M | Reduce -23.5% |
| AMZN Amazon.com Inc. | 1.01% | 300,196 | $54.1M | Add +0.0% |
| LOW Lowe's Cos Inc. | 1.00% | 211,941 | $54.0M | Add +18.3% |
| DHI D.R. Horton Inc. | 1.00% | 326,426 | $53.7M | Add +8.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.96% | 510,434 | $51.8M | Reduce -1.6% |
| LPLA LPL Financial Holdings Inc. | 0.96% | 195,128 | $51.6M | Add +105.1% |
| JPM JPMorgan Chase & Co. | 0.92% | 246,192 | $49.3M | Reduce -2.1% |
| AON Aon PLC Class A | 0.92% | 147,662 | $49.3M | Reduce -19.9% |
| AMGN Amgen Inc. | 0.91% | 172,511 | $49.0M | Add +22.0% |
| ABT Abbott Laboratories | 0.88% | 417,557 | $47.5M | Add +0.6% |
| META Meta Platforms Inc. Class A | 0.84% | 93,423 | $45.4M | Add +8.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.83% | 85,381 | $44.7M | Reduce -4.1% |
| OTIS Otis Worldwide Corp. | 0.80% | 432,504 | $42.9M | Add +26.1% |
| WEX Wex Inc. | 0.75% | 169,230 | $40.2M | Add +4.8% |
| GD General Dynamics Corp. | 0.71% | 134,516 | $38.0M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 0.70% | 233,289 | $37.9M | Reduce -1.1% |
| XOM Exxon Mobil Corp. | 0.69% | 321,608 | $37.4M | Reduce -0.8% |
| CVX Chevron Corp. | 0.65% | 221,758 | $35.0M | Reduce -28.6% |
| DHR Danaher Corp. | 0.65% | 139,032 | $34.7M | Reduce -2.9% |
| ORCL Oracle Corp. | 0.62% | 265,094 | $33.3M | Reduce -2.1% |
| HPQ HP Inc. | 0.59% | 1,052,700 | $31.8M | Reduce -45.6% |
| ADBE Adobe Inc. | 0.53% | 56,948 | $28.7M | Reduce -0.8% |
| TYL Tyler Technologies Inc. | 0.50% | 63,738 | $27.1M | Reduce -1.4% |
| IBDR iShares Ibonds Dec 2026 Term | 0.48% | 1,083,665 | $25.8M | Add +109.2% |
| TEX Terex Corp. | 0.45% | 379,340 | $24.4M | New |
| CVS CVS Health Corp. | 0.45% | 301,926 | $24.1M | Add +103.0% |
| NSC Norfolk Southern Corp. | 0.43% | 90,688 | $23.1M | Add +204.1% |
| PEP Pepsico Inc. | 0.41% | 125,293 | $21.9M | Reduce -1.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 34 | $21.6M | No change |
| HUBB Hubbell Inc. | 0.39% | 50,646 | $21.0M | Add +2.3% |
| AXP American Express Co. | 0.35% | 83,459 | $19.0M | Reduce -0.3% |
| CMI Cummins Inc. | 0.35% | 63,277 | $18.6M | Reduce -3.8% |
| LLY Eli Lilly & Co. | 0.34% | 23,577 | $18.3M | Reduce -3.4% |
| RTX RTX Corp. | 0.34% | 187,723 | $18.3M | Reduce -1.4% |
| TXN Texas Instruments Inc. | 0.34% | 104,773 | $18.3M | Reduce -40.1% |
| PFE Pfizer Inc. | 0.33% | 638,771 | $17.7M | Reduce -11.3% |
| WMT Walmart Inc. | 0.32% | 286,300 | $17.2M | Reduce -0.2% |
| PH Parker Hannifin Corp. | 0.32% | 30,676 | $17.0M | Reduce -1.3% |
| AFL Aflac Inc. | 0.30% | 185,555 | $15.9M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.28% | 79,969 | $15.3M | Reduce -3.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.27% | 276,968 | $14.8M | Add +92.6% |
| BDX Becton Dickinson and Co. | 0.26% | 56,424 | $14.0M | Reduce -2.3% |
| CSCO Cisco Systems Inc. | 0.26% | 277,240 | $13.8M | Reduce -9.3% |
| IDXX Idexx Laboratories Inc. | 0.25% | 25,205 | $13.6M | Reduce -4.9% |
| CSX CSX Corp. | 0.24% | 354,603 | $13.1M | Reduce -1.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 90,048 | $12.3M | Reduce -20.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.21% | 181,997 | $11.2M | New |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 63,744 | $10.8M | Add +61.0% |
| ADP Automatic Data Processing | 0.19% | 41,257 | $10.3M | Reduce -0.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.18% | 255,884 | $9.7M | Reduce -0.5% |
| INTC Intel Corp. | 0.18% | 218,594 | $9.7M | Reduce -0.0% |
| SUSA iShares ESG Optimized MSCI U | 0.17% | 81,820 | $8.9M | Reduce -0.9% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.15% | 159,293 | $8.0M | No change |
| DEO Diageo PLC-Sponsored ADR | 0.14% | 52,018 | $7.7M | Reduce -8.2% |
| MDLZ Mondelez International Inc. Class A | 0.14% | 107,485 | $7.5M | Reduce -1.6% |
| FISV Fiserv Inc. | 0.14% | 46,983 | $7.5M | Reduce -3.4% |
| SHW The Sherwin-Williams Co. | 0.14% | 21,463 | $7.5M | Reduce -1.1% |
| ESML iShares ESG Aware MSCI USA S | 0.13% | 178,206 | $7.2M | Add +4633.2% |
| NKE Nike Inc. Class B | 0.13% | 75,396 | $7.1M | Reduce -6.8% |
| INTU Intuit Inc. | 0.13% | 10,850 | $7.1M | No change |
| ITW Illinois Tool Works | 0.12% | 24,993 | $6.7M | Reduce -1.4% |
| AMT American Tower Corp. | 0.12% | 33,763 | $6.7M | Reduce -0.3% |
| VGSH Vanguard Short-Term Treasury | 0.12% | 114,700 | $6.7M | No change |
| CL Colgate-Palmolive Co. | 0.12% | 70,265 | $6.3M | Add +0.1% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.12% | 62,946 | $6.3M | Reduce -94.6% |
| IEI iShares 3-7 Year Treasury Bo | 0.12% | 53,905 | $6.2M | New |
| PSX Phillips 66 | 0.11% | 37,661 | $6.2M | Reduce -4.0% |
| UNP Union Pacific Corp. | 0.11% | 24,602 | $6.1M | Reduce -3.2% |
| DOV Dover Corp. | 0.11% | 33,721 | $6.0M | Add +3.8% |
| BX Blackstone Inc. | 0.11% | 45,130 | $5.9M | Reduce -1.6% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1K (not counted above)
Total filed on the 13F, all lines: $5.4B.
Portfolio Sells Q4 2023 → Q1 2024
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -94.6% | 0.12% | −2.29 |
| AAPL Apple Inc. | Reduce -3.2% | 5.33% | −1.56 |
| HPQ HP Inc. | Reduce -45.6% | 0.59% | −0.62 |
| UNH Unitedhealth Group Inc. | Reduce -23.5% | 1.08% | −0.60 |
| MCD McDonald's Corp. | Reduce -5.3% | 1.53% | −0.36 |
| JNJ Johnson & Johnson | Reduce -4.5% | 2.13% | −0.33 |
| CVX Chevron Corp. | Reduce -28.6% | 0.65% | −0.31 |
| TXN Texas Instruments Inc. | Reduce -40.1% | 0.34% | −0.28 |
| DFAS Dimensional US Small Cap ETF | Reduce -81.6% | 0.06% | −0.26 |
| ACN Accenture PLC Class A | Reduce -0.2% | 1.94% | −0.25 |
| SPGI S&P Global Inc. | Reduce -3.3% | 1.09% | −0.21 |
| AON Aon PLC Class A | Reduce -19.9% | 0.92% | −0.20 |
| ADBE Adobe Inc. | Reduce -0.8% | 0.53% | −0.18 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 3.95% | −0.17 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -99.7% | 0.00% | −0.14 |
| PFE Pfizer Inc. | Reduce -11.3% | 0.33% | −0.10 |
| VTIP Vanguard Short-Term Tips | Sold out | 0.00% | −0.09 |
| TFLO iShares Treasury Floating Ra | Reduce -100.0% | 0.00% | −0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 1.49% | −0.08 |
| HON Honeywell International Inc. | Reduce -46.8% | 0.06% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.8% | 2.77% | −0.07 |
| HD Home Depot Inc. | Reduce -2.9% | 1.88% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -9.3% | 0.26% | −0.06 |
| TYL Tyler Technologies Inc. | Reduce -1.4% | 0.50% | −0.06 |
| IDXX Idexx Laboratories Inc. | Reduce -4.9% | 0.25% | −0.05 |
| LH Laboratory CRP of Amer Hldgs | Reduce -72.3% | 0.02% | −0.05 |
| NKE Nike Inc. Class B | Reduce -6.8% | 0.13% | −0.05 |
| INTC Intel Corp. | Reduce -0.0% | 0.18% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -4.1% | 0.83% | −0.05 |
| TJX TJX Companies Inc. | Reduce -1.6% | 0.96% | −0.05 |
| LRCX Lam Research Corp. | Reduce -12.2% | 1.94% | −0.05 |
| DHR Danaher Corp. | Reduce -2.9% | 0.65% | −0.04 |
| PXD Pioneer Natural Resources Co. | Reduce -43.6% | 0.06% | −0.04 |
| PEP Pepsico Inc. | Reduce -1.1% | 0.41% | −0.04 |
| BDX Becton Dickinson and Co. | Reduce -2.3% | 0.26% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -18.5% | 0.10% | −0.03 |
| AMT American Tower Corp. | Reduce -0.3% | 0.12% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Reduce -8.2% | 0.14% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -19.8% | 0.07% | −0.02 |
| GD General Dynamics Corp. | Reduce -0.9% | 0.71% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.6% | 0.14% | −0.02 |
| BSCO Invesco Bulletshares 2024 CB | Reduce -23.2% | 0.05% | −0.02 |
| PII Polaris Inc. | Reduce -13.4% | 0.11% | −0.02 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -15.2% | 0.07% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -0.0% | 0.09% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -22.6% | 0.07% | −0.02 |
| JPST JPMorgan Ultra-Short Income | Reduce -30.3% | 0.03% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -10.9% | 0.09% | −0.02 |
| ZTS Zoetis Inc. | Reduce -9.1% | 0.04% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.8% | 0.23% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NVDA Nvidia Corp. | Add +97.1% | 2.56% | +1.77 |
| IBTF iShares Ibonds Dec 2025 Term | Add +944.6% | 1.43% | +1.28 |
| IBTG iShares Ibonds Dec 2026 Term | Add +2527.4% | 1.22% | +1.17 |
| IBTE iShares Ibonds Dec 2024 Term | Add +66.4% | 1.63% | +0.54 |
| LPLA LPL Financial Holdings Inc. | Add +105.1% | 0.96% | +0.51 |
| LHX L3HARRIS Technologies Inc. | Add +59.5% | 1.52% | +0.47 |
| TEX Terex Corp. | New | 0.45% | +0.45 |
| NSC Norfolk Southern Corp. | Add +204.1% | 0.43% | +0.28 |
| IBDR iShares Ibonds Dec 2026 Term | Add +109.2% | 0.48% | +0.22 |
| META Meta Platforms Inc. Class A | Add +8.1% | 0.84% | +0.21 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.21% | +0.21 |
| AZO AutoZone Inc. | Add +6.9% | 1.42% | +0.21 |
| CVS CVS Health Corp. | Add +103.0% | 0.45% | +0.20 |
| LOW Lowe's Cos Inc. | Add +18.3% | 1.00% | +0.18 |
| OTIS Otis Worldwide Corp. | Add +26.1% | 0.80% | +0.16 |
| ESML iShares ESG Aware MSCI USA S | Add +4633.2% | 0.13% | +0.13 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +92.6% | 0.27% | +0.13 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.12% | +0.12 |
| AME Ametek Inc. | Add +7.4% | 1.76% | +0.11 |
| NXPI NXP Semiconductors NV | Add +13.5% | 1.16% | +0.10 |
| ABBV Abbvie Inc. | Add +0.2% | 1.93% | +0.10 |
| WEX Wex Inc. | Add +4.8% | 0.75% | +0.10 |
| CDW CDW Corp. | Add +2.7% | 2.12% | +0.08 |
| RSP Invesco S&P 500 Equal Weight | Add +61.0% | 0.20% | +0.07 |
| AMGN Amgen Inc. | Add +22.0% | 0.91% | +0.07 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +18.0% | 1.16% | +0.07 |
| MA Mastercard Inc. Class A | Add +1.7% | 2.23% | +0.07 |
| AMZN Amazon.com Inc. | Add +0.0% | 1.01% | +0.06 |
| IBDP iShares Ibonds Dec 2024 Term | Add +15.9% | 1.26% | +0.06 |
| HUBB Hubbell Inc. | Add +2.3% | 0.39% | +0.05 |
| DHI D.R. Horton Inc. | Add +8.3% | 1.00% | +0.05 |
| HYBB iShares BB Rated Corp. Bond | New | 0.04% | +0.04 |
| DEHP Dimensional Emrg MRK Hi Prof | New | 0.02% | +0.02 |
| CB Chubb Ltd. | Add +112.3% | 0.03% | +0.01 |
| SAMG Silvercrest Asset Manageme-A | Add +1784.6% | 0.01% | +0.01 |
| MDT Medtronic PLC | Add +43.5% | 0.05% | +0.01 |
| DOV Dover Corp. | Add +3.8% | 0.11% | +0.01 |
| TRV The Travelers Cos Inc. | Add +0.1% | 0.09% | +0.01 |
| TT Trane Technologies PLC | Add +4.5% | 0.05% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +11.2% | 0.07% | +0.01 |
| CEDAR FAIR LP | New | 0.01% | +0.01 |
| FANG Diamondback Energy Inc. | Add +3.9% | 0.03% | +0.01 |
| EWJ iShares MSCI Japan ETF | Add +3584.9% | 0.01% | +0.01 |
| EME Emcor Group Inc. | Add +30.8% | 0.01% | +0.00 |
| GEHC GE Healthcare Technology | Add +1.4% | 0.07% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +7.2% | 0.07% | +0.00 |
| CAT Caterpillar Inc. | Add +0.0% | 0.04% | +0.00 |
| EMR Emerson Electric Co. | Add +0.5% | 0.07% | +0.00 |
| MO Altria Group Inc. | Add +12.9% | 0.04% | +0.00 |
| SYY Sysco Corp. | Add +12.4% | 0.03% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,136 | $7.5B | AAPL, AVGO, GOOG, MSFT, LRCX |
| Q1 2026 | 1,124 | $6.9B | AAPL, MSFT, AVGO, GOOG, NVDA |
| Q4 2025 | 1,144 | $7.1B | AAPL, MSFT, AVGO, GOOG, NVDA |
| Q3 2025 | 1,090 | $7.0B | MSFT, AAPL, AVGO, NVDA, GOOG |
| Q2 2025 | 996 | $6.3B | MSFT, AVGO, AAPL, NVDA, GOOG |
| Q1 2025 | 1,035 | $5.7B | AAPL, MSFT, AVGO, GOOG, NVDA |
| Q4 2024 | 1,032 | $5.9B | AAPL, AVGO, MSFT, GOOG, NVDA |
| Q3 2024 | 1,117 | $5.8B | AAPL, MSFT, AVGO, GOOG, NVDA |
| Q2 2024 | 993 | $5.5B | AAPL, MSFT, GOOG, AVGO, NVDA |
| Q1 2024 | 958 | $5.4B | MSFT, AAPL, GOOG, AVGO, BRK.B |