HM Payson & Co.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), HM Payson & Co. reported 1,144 stock positions worth $7.1 billion. Its top holding was Apple (AAPL) at 6.8% of the portfolio, followed by Microsoft (MSFT, 6.3%) and Broadcom (AVGO, 6.0%). Compared with Q3 2025, it opened 126 new positions, sold out of 74, added to 213 and reduced 281. The biggest buy was iShares Ibonds Dec 2028 ETF (IBDT, shares +5154%) and the biggest sale an exit from iShares Ibonds Dec 2025 Term (IBTF).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, ME
- CIK
- 0000928052
- Portfolio Value
- $7.1B (Q4 2025)
- SEC Filing
- 0000928052-26-000001 ↗ filed Feb 12, 2026
Holdings Value
Holdings 1,144 stocks · $7.1B
| AAPL Apple Inc. | 6.77% | 1,764,533 | $479.7M | Reduce -0.7% |
| MSFT Microsoft Corp. | 6.31% | 925,763 | $447.7M | Add +0.2% |
| AVGO Broadcom Inc. | 6.00% | 1,228,840 | $425.3M | Reduce -6.0% |
| GOOG Alphabet Inc. Class C | 5.22% | 1,179,368 | $370.1M | Reduce -2.7% |
| NVDA Nvidia Corp. | 4.56% | 1,733,014 | $323.2M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 3.02% | 926,368 | $213.8M | Add +0.4% |
| LRCX Lam Research Corp. | 2.71% | 1,121,345 | $192.0M | Reduce -13.3% |
| IBTH iShares Ibonds Dec 2027 Term | 2.35% | 7,429,326 | $166.9M | Add +9.3% |
| JPM JPMorgan Chase & Co. | 2.13% | 468,495 | $151.0M | Add +3.2% |
| IBTG iShares Ibonds Dec 2026 Term | 2.12% | 6,558,915 | $150.0M | Add +19.0% |
| GOOGL Alphabet Inc. Class A | 1.98% | 449,257 | $140.6M | Reduce -0.5% |
| V Visa Inc. Class A | 1.94% | 392,403 | $137.6M | Add +0.1% |
| MA Mastercard Inc. Class A | 1.92% | 237,989 | $135.9M | Reduce -0.0% |
| ABBV Abbvie Inc. | 1.91% | 592,853 | $135.5M | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 1.74% | 212,761 | $123.3M | Add +0.8% |
| LHX L3HARRIS Technologies Inc. | 1.71% | 413,921 | $121.5M | Reduce -5.4% |
| AME Ametek Inc. | 1.64% | 567,340 | $116.5M | Add +0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.54% | 216,893 | $109.0M | Reduce -1.2% |
| META Meta Platforms Inc. Class A | 1.48% | 158,927 | $104.9M | Reduce -19.6% |
| ASML ASML Holding NV-NY Reg SHS | 1.47% | 97,195 | $104.0M | Reduce -1.5% |
| IBDR iShares Ibonds Dec 2026 Term | 1.46% | 4,283,152 | $103.8M | Add +20.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.45% | 4,238,514 | $102.9M | Add +18.2% |
| HD Home Depot Inc. | 1.16% | 239,942 | $82.6M | Reduce -11.6% |
| AZO AutoZone Inc. | 1.09% | 22,733 | $77.1M | Reduce -4.8% |
| ACN Accenture PLC Class A | 1.06% | 280,464 | $75.2M | Reduce -10.1% |
| JNJ Johnson & Johnson | 1.03% | 353,304 | $73.1M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.03% | 474,292 | $72.9M | Reduce -1.5% |
| CAT Caterpillar Inc. | 1.01% | 124,445 | $71.3M | Reduce -0.5% |
| HUBB Hubbell Inc. | 0.94% | 149,416 | $66.4M | Reduce -1.7% |
| SPGI S&P Global Inc. | 0.92% | 124,282 | $64.9M | Add +0.5% |
| MCD McDonald's Corp. | 0.86% | 198,466 | $60.7M | Reduce -1.5% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.82% | 2,290,213 | $58.3M | Add +5154.5% |
| NVT Nvent Electric PLC | 0.82% | 569,928 | $58.1M | Reduce -4.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.81% | 711,999 | $57.1M | Add +1.7% |
| DHR Danaher Corp. | 0.76% | 235,370 | $53.9M | Add +39.5% |
| AMGN Amgen Inc. | 0.72% | 154,899 | $50.7M | Add +4.0% |
| IBDU iShares Ibonds Dec 2029 Term | 0.71% | 2,162,265 | $50.6M | Add +1677.5% |
| LLY Eli Lilly & Co. | 0.70% | 46,388 | $49.9M | Add +15.9% |
| MPC Marathon Petroleum Corp. | 0.69% | 302,970 | $49.3M | Reduce -4.1% |
| ORCL Oracle Corp. | 0.68% | 247,396 | $48.2M | Reduce -1.4% |
| ABT Abbott Laboratories | 0.67% | 377,118 | $47.2M | Reduce -1.7% |
| AON Aon PLC Class A | 0.62% | 124,963 | $44.1M | Reduce -6.1% |
| GD General Dynamics Corp. | 0.61% | 127,755 | $43.0M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 0.58% | 338,992 | $40.8M | Add +1.4% |
| RSP Invesco S&P 500 Equal Weight | 0.55% | 204,199 | $39.1M | Reduce -22.6% |
| LOW Lowe's Cos Inc. | 0.53% | 156,950 | $37.9M | Reduce -29.1% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.51% | 1,652,913 | $36.5M | Add +2173.2% |
| RTX RTX Corp. | 0.48% | 184,755 | $33.9M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 49,525 | $33.8M | Reduce -1.6% |
| LDRC iShares Ibonds 1-5 Corp. Lad | 0.44% | 1,239,704 | $31.5M | New |
| PG The Procter & Gamble Co. | 0.44% | 218,959 | $31.4M | Reduce -2.7% |
| WMT Walmart Inc. | 0.43% | 276,636 | $30.8M | Reduce -0.7% |
| CMI Cummins Inc. | 0.43% | 60,259 | $30.8M | No change |
| AXP American Express Co. | 0.41% | 78,866 | $29.2M | Reduce -0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 38 | $28.7M | No change |
| CVX Chevron Corp. | 0.39% | 180,586 | $27.5M | Add +11.2% |
| TYL Tyler Technologies Inc. | 0.38% | 59,884 | $27.2M | Reduce -2.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 86,138 | $25.5M | Reduce -0.8% |
| CSL Carlisle Cos Inc. | 0.35% | 78,672 | $25.2M | Reduce -33.2% |
| PH Parker Hannifin Corp. | 0.35% | 28,267 | $24.8M | Reduce -0.9% |
| SUSA iShares ESG Optimized MSCI U | 0.35% | 177,572 | $24.7M | Add +9.6% |
| HON Honeywell International Inc. | 0.33% | 119,289 | $23.3M | Add +785.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 397,270 | $21.8M | Add +0.1% |
| DOV Dover Corp. | 0.30% | 107,739 | $21.0M | Add +10.4% |
| WFC Wells Fargo & Co. | 0.29% | 217,760 | $20.3M | Reduce -0.4% |
| DHI D.R. Horton Inc. | 0.28% | 139,288 | $20.1M | Reduce -2.0% |
| CDW CDW Corp. | 0.28% | 145,272 | $19.8M | Reduce -53.8% |
| MRK Merck & Co. Inc. | 0.28% | 187,478 | $19.7M | Reduce -1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.26% | 82,685 | $18.2M | Add +23.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.25% | 58,554 | $17.8M | Reduce -1.1% |
| VEA Vanguard Ftse Developed ETF | 0.23% | 258,574 | $16.2M | Add +237.2% |
| CSCO Cisco Systems Inc. | 0.23% | 208,169 | $16.0M | Reduce -1.6% |
| PEP Pepsico Inc. | 0.23% | 111,596 | $16.0M | Reduce -0.8% |
| DE Deere & Co. | 0.23% | 34,333 | $16.0M | Reduce -27.6% |
| AFL Aflac Inc. | 0.22% | 142,877 | $15.8M | Reduce -2.2% |
| IDXX Idexx Laboratories Inc. | 0.21% | 21,796 | $14.7M | Reduce -1.6% |
| IBTI iShares Ibonds Dec 2028 Term | 0.20% | 618,956 | $13.8M | Add +681.1% |
| DGRO iShares Core Dividend Growth | 0.18% | 186,220 | $12.9M | Add +1940.3% |
| TXN Texas Instruments Inc. | 0.17% | 70,789 | $12.3M | Reduce -1.1% |
| CSX CSX Corp. | 0.17% | 324,174 | $11.8M | Reduce -0.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.16% | 97,633 | $11.7M | No change |
| PFE Pfizer Inc. | 0.16% | 459,931 | $11.5M | Reduce -3.3% |
| MSCI MSCI Inc. | 0.16% | 19,281 | $11.1M | New |
| ADP Automatic Data Processing | 0.15% | 41,655 | $10.7M | Reduce -0.5% |
| VGSH Vanguard Short-Term Treasury | 0.14% | 170,281 | $10.0M | Add +0.2% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.13% | 404,684 | $8.9M | Add +5752.3% |
| BDX Becton Dickinson and Co. | 0.12% | 44,232 | $8.6M | Reduce -6.0% |
| PM Philip Morris International | 0.12% | 51,478 | $8.3M | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.11% | 23,864 | $8.0M | Add +0.0% |
| ETN Eaton Corp. PLC | 0.11% | 23,889 | $7.6M | Reduce -1.6% |
| GE General Electric filed as GE AEROSPACE | 0.11% | 24,700 | $7.6M | Reduce -0.4% |
| INTU Intuit Inc. | 0.10% | 10,800 | $7.2M | Add +0.1% |
| SPIB SS SPDR P Int C Corp. ETF | 0.10% | 207,155 | $7.0M | Add +12.0% |
| KO The Coca-Cola Co. | 0.09% | 94,551 | $6.6M | Reduce -1.1% |
| LDRT iShares Ibond 1-5 Trea Lad | 0.09% | 249,726 | $6.3M | New |
| IEF iShares 7-10 Year Treasury B | 0.09% | 63,890 | $6.1M | No change |
| BX Blackstone Inc. | 0.09% | 39,545 | $6.1M | Reduce -0.3% |
| TRV The Travelers Cos Inc. | 0.08% | 20,568 | $6.0M | No change |
| AMT American Tower Corp. | 0.08% | 33,701 | $5.9M | Reduce -0.3% |
| BMY Bristol-Myers Squibb Co. | 0.08% | 109,413 | $5.9M | Add +15.8% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $783K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NVDA Nvidia Corp. | COM · principal | 4,200 | $783K | New |
Total filed on the 13F, all lines: $7.1B.
Portfolio Sells Q3 2025 → Q4 2025
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −1.73 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −1.27 |
| META Meta Platforms Inc. Class A | Reduce -19.6% | 1.48% | −0.61 |
| CDW CDW Corp. | Reduce -53.8% | 0.28% | −0.44 |
| HD Home Depot Inc. | Reduce -11.6% | 1.16% | −0.42 |
| AZO AutoZone Inc. | Reduce -4.8% | 1.09% | −0.39 |
| ORCL Oracle Corp. | Reduce -1.4% | 0.68% | −0.34 |
| LOW Lowe's Cos Inc. | Reduce -29.1% | 0.53% | −0.27 |
| LHX L3HARRIS Technologies Inc. | Reduce -5.4% | 1.71% | −0.21 |
| CSL Carlisle Cos Inc. | Reduce -33.2% | 0.35% | −0.20 |
| AVGO Broadcom Inc. | Reduce -6.0% | 6.00% | −0.20 |
| MPC Marathon Petroleum Corp. | Reduce -4.1% | 0.69% | −0.18 |
| RSP Invesco S&P 500 Equal Weight | Reduce -22.6% | 0.55% | −0.17 |
| DPZ Domino's Pizza Inc. | Reduce -99.9% | 0.00% | −0.16 |
| NVDA Nvidia Corp. | Reduce -1.2% | 4.56% | −0.15 |
| FISV Fiserv Inc. | Reduce -78.0% | 0.02% | −0.13 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.10 |
| DE Deere & Co. | Reduce -27.6% | 0.23% | −0.09 |
| TYL Tyler Technologies Inc. | Reduce -2.7% | 0.38% | −0.08 |
| ABT Abbott Laboratories | Reduce -1.7% | 0.67% | −0.07 |
| DHI D.R. Horton Inc. | Reduce -2.0% | 0.28% | −0.06 |
| SGOV iShares 0-3 Month Treasury B | Reduce -49.1% | 0.06% | −0.06 |
| AON Aon PLC Class A | Reduce -6.1% | 0.62% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -2.7% | 0.44% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 1.54% | −0.05 |
| ACN Accenture PLC Class A | Reduce -10.1% | 1.06% | −0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -62.5% | 0.02% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -0.0% | 1.92% | −0.03 |
| ADP Automatic Data Processing | Reduce -0.5% | 0.15% | −0.03 |
| MCD McDonald's Corp. | Reduce -1.5% | 0.86% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Sold out | 0.00% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -1.6% | 0.11% | −0.02 |
| GD General Dynamics Corp. | Reduce -0.5% | 0.61% | −0.02 |
| NVT Nvent Electric PLC | Reduce -4.0% | 0.82% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -14.5% | 0.07% | −0.02 |
| TXN Texas Instruments Inc. | Reduce -1.1% | 0.17% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.6% | 0.07% | −0.02 |
| XMHQ Invesco S&P Midcap Qual ETF | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -3.3% | 0.16% | −0.01 |
| AFL Aflac Inc. | Reduce -2.2% | 0.22% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -5.2% | 0.08% | −0.01 |
| BX Blackstone Inc. | Reduce -0.3% | 0.09% | −0.01 |
| CARR Carrier Global Corp. | Reduce -2.7% | 0.06% | −0.01 |
| NFLX Netflix Inc. | Reduce -1.7% | 0.03% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -34.8% | 0.02% | −0.01 |
| AMT American Tower Corp. | Reduce -0.3% | 0.08% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -0.6% | 0.07% | −0.01 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Reduce -10.1% | 0.03% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -21.6% | 0.02% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| IBDT iShares Ibonds Dec 2028 ETF | Add +5154.5% | 0.82% | +0.81 |
| IBDU iShares Ibonds Dec 2029 Term | Add +1677.5% | 0.71% | +0.67 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +2173.2% | 0.51% | +0.49 |
| LDRC iShares Ibonds 1-5 Corp. Lad | New | 0.44% | +0.44 |
| IBTG iShares Ibonds Dec 2026 Term | Add +19.0% | 2.12% | +0.30 |
| HON Honeywell International Inc. | Add +785.6% | 0.33% | +0.29 |
| DHR Danaher Corp. | Add +39.5% | 0.76% | +0.28 |
| TMO Thermo Fisher Scientific Inc. | Add +0.8% | 1.74% | +0.27 |
| LLY Eli Lilly & Co. | Add +15.9% | 0.70% | +0.26 |
| IBDR iShares Ibonds Dec 2026 Term | Add +20.3% | 1.46% | +0.22 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +18.2% | 1.45% | +0.20 |
| DGRO iShares Core Dividend Growth | Add +1940.3% | 0.18% | +0.17 |
| IBTI iShares Ibonds Dec 2028 Term | Add +681.1% | 0.20% | +0.17 |
| VEA Vanguard Ftse Developed ETF | Add +237.2% | 0.23% | +0.16 |
| MSCI MSCI Inc. | New | 0.16% | +0.16 |
| IBTH iShares Ibonds Dec 2027 Term | Add +9.3% | 2.35% | +0.15 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +5752.3% | 0.13% | +0.12 |
| AME Ametek Inc. | Add +0.4% | 1.64% | +0.11 |
| AMGN Amgen Inc. | Add +4.0% | 0.72% | +0.11 |
| AMZN Amazon.com Inc. | Add +0.4% | 3.02% | +0.10 |
| LDRT iShares Ibond 1-5 Trea Lad | New | 0.09% | +0.09 |
| IBTK iShares Ibonds Dec 2030 Trea | New | 0.08% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +3.2% | 2.13% | +0.07 |
| DOV Dover Corp. | Add +10.4% | 0.30% | +0.06 |
| SPGI S&P Global Inc. | Add +0.5% | 0.92% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +23.4% | 0.26% | +0.05 |
| XOM Exxon Mobil Corp. | Add +1.4% | 0.58% | +0.03 |
| SUSA iShares ESG Optimized MSCI U | Add +9.6% | 0.35% | +0.03 |
| AZN Astrazeneca PLC-Spons ADR | Add +58.2% | 0.07% | +0.03 |
| CVX Chevron Corp. | Add +11.2% | 0.39% | +0.03 |
| BMY Bristol-Myers Squibb Co. | Add +15.8% | 0.08% | +0.02 |
| V Visa Inc. Class A | Add +0.1% | 1.94% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.7% | 0.81% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +35.2% | 0.07% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +25.9% | 0.07% | +0.01 |
| HGER Harbor Commodity All Weather | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +0.1% | 0.31% | +0.01 |
| SDCI Uscf Summerhaven Dynamic ETF | New | 0.01% | +0.01 |
| NYF iShares New York Muni Bond E | New | 0.01% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +0.8% | 0.05% | +0.01 |
| SJM The JM Smucker Co. | Add +7450.0% | 0.01% | +0.01 |
| BA The Boeing Co. | Add +111.8% | 0.02% | +0.01 |
| SPIB SS SPDR P Int C Corp. ETF | Add +12.0% | 0.10% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +10.3% | 0.08% | +0.01 |
| CAC Camden National Corp. | Add +65.8% | 0.02% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +31.7% | 0.02% | +0.01 |
| CWAN Clearwater Analytics HDS-A | Add +41.0% | 0.01% | +0.01 |
| SPHQ Invesco S&P 500 Quality ETF | Add +26.8% | 0.02% | +0.00 |
| MU Micron Technology Inc. | Add +5.3% | 0.01% | +0.00 |
| GLD SPDR Gold Shares | Add +7.9% | 0.03% | +0.00 |
Notes & Other Activity Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | COM · principal | New | 4,200 | $783K |
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 |