HM Payson & Co.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), HM Payson & Co. reported 1,035 stock positions worth $5.7 billion. Its top holding was Apple (AAPL) at 6.9% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Broadcom (AVGO, 4.2%). Compared with Q4 2024, it opened 61 new positions, sold out of 58, added to 224 and reduced 249. The biggest buy was iShares Ibonds Dec 2026 Term (IBTG, shares +17%) and the biggest sale Broadcom (AVGO, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, ME
- CIK
- 0000928052
- Portfolio Value
- $5.7B (Q1 2025)
- SEC Filing
- 0000928052-25-000002 ↗ filed Apr 29, 2025
Holdings Value
Holdings 1,035 stocks · $5.7B
| AAPL Apple Inc. | 6.95% | 1,782,169 | $395.9M | Add +0.4% |
| MSFT Microsoft Corp. | 5.49% | 833,386 | $312.8M | Add +6.7% |
| AVGO Broadcom Inc. | 4.21% | 1,433,770 | $240.1M | Reduce -6.2% |
| GOOG Alphabet Inc. Class C | 3.99% | 1,453,882 | $227.1M | Add +0.7% |
| NVDA Nvidia Corp. | 2.99% | 1,569,658 | $170.1M | Add +0.9% |
| AMZN Amazon.com Inc. | 2.91% | 870,060 | $165.5M | Add +7.8% |
| V Visa Inc. Class A | 2.51% | 408,604 | $143.2M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 2.38% | 247,060 | $135.4M | Add +0.4% |
| ABBV Abbvie Inc. | 2.25% | 611,755 | $128.2M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.25% | 240,429 | $128.0M | Reduce -0.5% |
| IBTH iShares Ibonds Dec 2027 Term | 2.15% | 5,459,782 | $122.4M | Add +10.7% |
| IBTG iShares Ibonds Dec 2026 Term | 1.90% | 4,713,829 | $108.1M | Add +17.5% |
| IBTF iShares Ibonds Dec 2025 Term | 1.85% | 4,517,615 | $105.6M | Add +9.2% |
| LHX L3HARRIS Technologies Inc. | 1.85% | 503,112 | $105.3M | Add +7.5% |
| META Meta Platforms Inc. Class A | 1.83% | 180,830 | $104.2M | Add +3.5% |
| ACN Accenture PLC Class A | 1.79% | 327,339 | $102.1M | Add +3.4% |
| HD Home Depot Inc. | 1.69% | 263,412 | $96.5M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 1.64% | 382,010 | $93.7M | Add +15.3% |
| AME Ametek Inc. | 1.62% | 537,392 | $92.5M | Add +1.3% |
| AZO AutoZone Inc. | 1.55% | 23,129 | $88.2M | Add +0.8% |
| TMO Thermo Fisher Scientific Inc. | 1.53% | 175,706 | $87.4M | Add +5.3% |
| LRCX Lam Research Corp. | 1.48% | 1,160,402 | $84.4M | Add +1.2% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.45% | 3,287,717 | $82.7M | Add +8.1% |
| GOOGL Alphabet Inc. Class A | 1.36% | 501,553 | $77.6M | Reduce -0.6% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.36% | 3,203,508 | $77.5M | Add +15.9% |
| ASML ASML Holding NV-NY Reg SHS | 1.23% | 105,966 | $70.2M | Add +7.2% |
| AMGN Amgen Inc. | 1.19% | 218,010 | $67.9M | Add +5.6% |
| IBDR iShares Ibonds Dec 2026 Term | 1.17% | 2,755,765 | $66.7M | Add +24.2% |
| MCD McDonald's Corp. | 1.10% | 200,140 | $62.5M | Reduce -2.3% |
| SPGI S&P Global Inc. | 1.08% | 121,604 | $61.8M | Add +1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.06% | 496,207 | $60.4M | Reduce -0.4% |
| HUBB Hubbell Inc. | 1.05% | 180,758 | $59.8M | Add +18.9% |
| JNJ Johnson & Johnson | 1.05% | 360,195 | $59.7M | Reduce -2.8% |
| CDW CDW Corp. | 1.01% | 358,876 | $57.5M | Reduce -0.8% |
| MPC Marathon Petroleum Corp. | 0.95% | 371,995 | $54.2M | Add +5.7% |
| LOW Lowe's Cos Inc. | 0.95% | 232,047 | $54.1M | Add +5.9% |
| ABT Abbott Laboratories | 0.91% | 391,436 | $51.9M | Reduce -0.3% |
| AON Aon PLC Class A | 0.91% | 129,656 | $51.7M | Add +1.1% |
| CAT Caterpillar Inc. | 0.90% | 155,871 | $51.4M | Add +20.4% |
| XOM Exxon Mobil Corp. | 0.90% | 432,066 | $51.4M | Add +17.8% |
| PG The Procter & Gamble Co. | 0.68% | 226,821 | $38.7M | Reduce -1.4% |
| ORCL Oracle Corp. | 0.63% | 258,686 | $36.2M | Add +0.1% |
| TYL Tyler Technologies Inc. | 0.63% | 62,144 | $36.1M | Reduce -1.1% |
| GD General Dynamics Corp. | 0.63% | 131,926 | $36.0M | Reduce -1.0% |
| CVX Chevron Corp. | 0.62% | 211,420 | $35.4M | Reduce -7.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.59% | 60,510 | $33.9M | Reduce -0.0% |
| NVT Nvent Electric PLC | 0.56% | 614,126 | $32.2M | Add +1.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.53% | 38 | $30.3M | Add +2.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.52% | 448,873 | $29.5M | Add +15.3% |
| DHR Danaher Corp. | 0.50% | 139,900 | $28.7M | Reduce -1.8% |
| UNH Unitedhealth Group Inc. | 0.45% | 48,746 | $25.5M | Reduce -6.9% |
| WMT Walmart Inc. | 0.44% | 283,682 | $24.9M | Add +0.2% |
| RTX RTX Corp. | 0.44% | 187,776 | $24.9M | Reduce -0.5% |
| DHI D.R. Horton Inc. | 0.41% | 182,270 | $23.2M | Reduce -35.4% |
| AXP American Express Co. | 0.38% | 80,754 | $21.7M | Reduce -4.4% |
| NXPI NXP Semiconductors NV | 0.38% | 113,393 | $21.6M | Reduce -9.8% |
| RSP Invesco S&P 500 Equal Weight | 0.35% | 116,586 | $20.2M | Add +5.2% |
| CMI Cummins Inc. | 0.35% | 62,876 | $19.7M | Add +1.0% |
| AFL Aflac Inc. | 0.34% | 176,632 | $19.6M | Reduce -1.0% |
| MRK Merck & Co. Inc. | 0.33% | 210,944 | $18.9M | Reduce -33.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 75,705 | $18.8M | Add +0.1% |
| PH Parker Hannifin Corp. | 0.31% | 29,491 | $17.9M | Reduce 0.0% |
| LLY Eli Lilly & Co. | 0.31% | 21,340 | $17.6M | Reduce -1.0% |
| DOV Dover Corp. | 0.31% | 99,827 | $17.5M | Add +5.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 411,444 | $17.2M | Add +51.6% |
| PEP Pepsico Inc. | 0.30% | 113,750 | $17.1M | Reduce -4.4% |
| TXN Texas Instruments Inc. | 0.26% | 82,077 | $14.7M | Reduce -1.4% |
| DE Deere & Co. | 0.26% | 31,072 | $14.6M | Reduce -1.7% |
| DPZ Domino's Pizza Inc. | 0.25% | 31,100 | $14.3M | Add +103566.7% |
| CSCO Cisco Systems Inc. | 0.24% | 221,828 | $13.7M | Reduce -1.1% |
| PFE Pfizer Inc. | 0.23% | 525,884 | $13.3M | Reduce -6.9% |
| ADP Automatic Data Processing | 0.23% | 42,072 | $12.9M | Reduce -0.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.22% | 74,002 | $12.3M | Reduce -0.4% |
| BDX Becton Dickinson and Co. | 0.21% | 51,690 | $11.8M | Reduce -1.1% |
| OTIS Otis Worldwide Corp. | 0.19% | 107,067 | $11.0M | Reduce -81.2% |
| SUSA iShares ESG Optimized MSCI U | 0.18% | 89,291 | $10.3M | Add +1.3% |
| VGSH Vanguard Short-Term Treasury | 0.18% | 171,497 | $10.1M | Add +3.4% |
| CSX CSX Corp. | 0.18% | 340,060 | $10.0M | Reduce -1.6% |
| FISV Fiserv Inc. | 0.17% | 43,677 | $9.6M | Reduce -0.5% |
| IDXX Idexx Laboratories Inc. | 0.16% | 21,855 | $9.2M | Reduce -0.8% |
| IEI iShares 3-7 Year Treasury Bo | 0.15% | 70,908 | $8.4M | No change |
| HPQ HP Inc. | 0.13% | 271,762 | $7.5M | Reduce -17.0% |
| AMT American Tower Corp. | 0.13% | 33,911 | $7.4M | Add +0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 26,205 | $7.2M | Add +67.0% |
| SHW The Sherwin-Williams Co. | 0.12% | 20,358 | $7.1M | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.12% | 96,682 | $6.9M | Add +1.5% |
| INTU Intuit Inc. | 0.12% | 10,791 | $6.6M | Reduce -0.6% |
| PM Philip Morris International | 0.12% | 41,468 | $6.6M | Reduce -9.2% |
| CL Colgate-Palmolive Co. | 0.11% | 68,531 | $6.4M | Reduce -2.4% |
| MDLZ Mondelez International Inc. Class A | 0.11% | 93,738 | $6.4M | Reduce -5.0% |
| BX Blackstone Inc. | 0.11% | 44,978 | $6.3M | Add +1.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.11% | 121,945 | $6.2M | No change |
| APD Air Products & Chemicals Inc. | 0.11% | 20,530 | $6.1M | Reduce -1.4% |
| ITW Illinois Tool Works | 0.10% | 23,894 | $5.9M | Reduce -1.0% |
| ESML iShares ESG Aware MSCI USA S | 0.10% | 152,663 | $5.9M | Reduce -4.9% |
| WEX Wex Inc. | 0.10% | 36,552 | $5.7M | Reduce -40.9% |
| TRV The Travelers Cos Inc. | 0.10% | 21,418 | $5.7M | Reduce -0.7% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 92,714 | $5.7M | Reduce -5.3% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.10% | 56,469 | $5.6M | Reduce -0.7% |
| CARR Carrier Global Corp. | 0.10% | 88,383 | $5.6M | Reduce -1.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $581K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TYL Tyler Technologies Inc. | COM · principal | 1,000 | $581K | New |
Total filed on the 13F, all lines: $5.7B.
Portfolio Sells Q4 2024 → Q1 2025
| AVGO Broadcom Inc. | Reduce -6.2% | 4.21% | −1.80 |
| OTIS Otis Worldwide Corp. | Reduce -81.2% | 0.19% | −0.70 |
| ADBE Adobe Inc. | Reduce -88.8% | 0.04% | −0.40 |
| DHI D.R. Horton Inc. | Reduce -35.4% | 0.41% | −0.26 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 1.36% | −0.26 |
| MRK Merck & Co. Inc. | Reduce -33.5% | 0.33% | −0.20 |
| WEX Wex Inc. | Reduce -40.9% | 0.10% | −0.08 |
| NXPI NXP Semiconductors NV | Reduce -9.8% | 0.38% | −0.07 |
| CDW CDW Corp. | Reduce -0.8% | 1.01% | −0.06 |
| DHR Danaher Corp. | Reduce -1.8% | 0.50% | −0.05 |
| HPQ HP Inc. | Reduce -17.0% | 0.13% | −0.05 |
| AXP American Express Co. | Reduce -4.4% | 0.38% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.4% | 0.22% | −0.03 |
| PII Polaris Inc. | Reduce -40.2% | 0.02% | −0.03 |
| DEO Diageo PLC-Sponsored ADR | Reduce -16.7% | 0.05% | −0.02 |
| PFE Pfizer Inc. | Reduce -6.9% | 0.23% | −0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -21.9% | 0.06% | −0.02 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.02 |
| NKE Nike Inc. Class B | Reduce -5.8% | 0.07% | −0.01 |
| CSX CSX Corp. | Reduce -1.6% | 0.18% | −0.01 |
| VIOO Vanguard S&P Small-Cap 600 E | Reduce -35.0% | 0.02% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -66.2% | 0.01% | −0.01 |
| TSLA Tesla Inc. | Reduce -3.4% | 0.02% | −0.01 |
| ESML iShares ESG Aware MSCI USA S | Reduce -4.9% | 0.10% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -4.4% | 0.09% | −0.01 |
| UL Unilever PLC | Reduce -38.3% | 0.02% | −0.01 |
| PEP Pepsico Inc. | Reduce -4.4% | 0.30% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.0% | 0.59% | −0.01 |
| STZ Constellation Brands Inc. Class A | Reduce -22.1% | 0.01% | −0.01 |
| INTC Intel Corp. | Reduce -32.3% | 0.03% | −0.01 |
| EMR Emerson Electric Co. | Reduce -0.0% | 0.07% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.5% | 0.06% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -1.4% | 0.26% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -2.4% | 0.08% | −0.01 |
| CARR Carrier Global Corp. | Reduce -1.6% | 0.10% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -11.1% | 0.03% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -6.1% | 0.07% | −0.01 |
| AZTA Azenta Inc. | Reduce -4.8% | 0.01% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -18.8% | 0.02% | −0.01 |
| TEX Terex Corp. | Reduce -79.8% | 0.00% | −0.01 |
| BAX Baxter International Inc. | Reduce -73.4% | 0.00% | −0.01 |
| GRMN Garmin Ltd. | Reduce -32.6% | 0.01% | −0.00 |
| DIS The Walt Disney Co. | Reduce -3.4% | 0.04% | −0.00 |
| STT State Street Corp. | Reduce -7.7% | 0.03% | −0.00 |
| VLTO Veralto Corp. | Reduce -38.8% | 0.01% | −0.00 |
| SCCO Southern Copper Corp. | Reduce -93.6% | 0.00% | −0.00 |
| TGT Target Corp. | Reduce -1.6% | 0.02% | −0.00 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -62.9% | 0.00% | −0.00 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.4% | 0.06% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -28.9% | 0.02% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| IBTG iShares Ibonds Dec 2026 Term | Add +17.5% | 1.90% | +0.35 |
| AZO AutoZone Inc. | Add +0.8% | 1.55% | +0.30 |
| JPM JPMorgan Chase & Co. | Add +15.3% | 1.64% | +0.30 |
| IBTH iShares Ibonds Dec 2027 Term | Add +10.7% | 2.15% | +0.29 |
| AMGN Amgen Inc. | Add +5.6% | 1.19% | +0.28 |
| IBDR iShares Ibonds Dec 2026 Term | Add +24.2% | 1.17% | +0.27 |
| DPZ Domino's Pizza Inc. | Add +103566.7% | 0.25% | +0.25 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +15.9% | 1.36% | +0.24 |
| XOM Exxon Mobil Corp. | Add +17.8% | 0.90% | +0.23 |
| IBTF iShares Ibonds Dec 2025 Term | Add +9.2% | 1.85% | +0.22 |
| LHX L3HARRIS Technologies Inc. | Add +7.5% | 1.85% | +0.18 |
| MA Mastercard Inc. Class A | Add +0.4% | 2.38% | +0.18 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +8.1% | 1.45% | +0.16 |
| AON Aon PLC Class A | Add +1.1% | 0.91% | +0.13 |
| MPC Marathon Petroleum Corp. | Add +5.7% | 0.95% | +0.12 |
| CAT Caterpillar Inc. | Add +20.4% | 0.90% | +0.11 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +2.7% | 0.53% | +0.11 |
| BAC Bank of America Corp. | Add +51.6% | 0.30% | +0.10 |
| META Meta Platforms Inc. Class A | Add +3.5% | 1.83% | +0.09 |
| LRCX Lam Research Corp. | Add +1.2% | 1.48% | +0.08 |
| IEF iShares 7-10 Year Treasury B | Add +9678.5% | 0.07% | +0.07 |
| SPGI S&P Global Inc. | Add +1.3% | 1.08% | +0.07 |
| ASML ASML Holding NV-NY Reg SHS | Add +7.2% | 1.23% | +0.07 |
| AZN Astrazeneca PLC-Spons ADR | Add +895.0% | 0.07% | +0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +15.3% | 0.52% | +0.06 |
| TMO Thermo Fisher Scientific Inc. | Add +5.3% | 1.53% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +67.0% | 0.13% | +0.05 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.33% | +0.05 |
| LOW Lowe's Cos Inc. | Add +5.9% | 0.95% | +0.03 |
| RSP Invesco S&P 500 Equal Weight | Add +5.2% | 0.35% | +0.03 |
| AMT American Tower Corp. | Add +0.6% | 0.13% | +0.02 |
| KO The Coca-Cola Co. | Add +1.5% | 0.12% | +0.02 |
| GE General Electric | Add +1.7% | 0.09% | +0.02 |
| BWX SS SPDR BB Intl Treasury BD | Add +376.3% | 0.02% | +0.02 |
| VGSH Vanguard Short-Term Treasury | Add +3.4% | 0.18% | +0.01 |
| MMM 3M Co. | Add +2.1% | 0.06% | +0.01 |
| WTRG Essential Utilities Inc. | Add +0.3% | 0.08% | +0.01 |
| AGZ iShares Agency Bond ETF | Add +16.0% | 0.05% | +0.01 |
| CB Chubb Ltd. | Add +8.6% | 0.05% | +0.01 |
| NOC Northrop Grumman Corp. | Add +13.9% | 0.03% | +0.01 |
| DOV Dover Corp. | Add +5.4% | 0.31% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +90.3% | 0.01% | +0.01 |
| WRB WR Berkley Corp. | Add +5.1% | 0.02% | +0.01 |
| ALL Allstate Corp. | Add +7.5% | 0.03% | +0.01 |
| DVY iShares Select Dividend ETF | Add +32.1% | 0.02% | +0.01 |
| WEC WEC Energy Group Inc. | Add +9.5% | 0.02% | +0.01 |
| MDT Medtronic PLC | Add +8.8% | 0.02% | +0.00 |
| PAYX Paychex Inc. | Add +18.7% | 0.02% | +0.00 |
| WM Waste Management Inc. | Add +1.3% | 0.03% | +0.00 |
| LIN Linde PLC | Add +11.4% | 0.02% | +0.00 |
Notes & Other Activity Q4 2024 → Q1 2025
| TYL Tyler Technologies Inc. | COM · principal | New | 1,000 | $581K |
| GEAR Revelyst Inc. | COM SHS | Sold out | 0 | $7before exit |
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 | 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 |