Manchester Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Manchester Capital Management LLC reported 1,199 stock positions worth $760.2 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 14.6% of the portfolio, followed by Apple (AAPL, 7.0%) and United Parcel Service Class B (UPS, 5.1%). Compared with Q1 2025, it opened 82 new positions, sold out of 53, added to 296 and reduced 370. The biggest buy was Amazon.com (AMZN, shares +0%) and the biggest sale Vanguard Mrngstar GR ETF-Sui (VUG, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0001393389
- Portfolio Value
- $760.2M (Q2 2025)
- SEC Filing
- 0001393389-25-000005 ↗ filed Aug 12, 2025
Holdings Value
Holdings 1,199 stocks · $760.2M
| SPY SS SPDR S&P 500 ETF Trust-US | 14.55% | 179,026 | $110.6M | Reduce -5.8% |
| AAPL Apple Inc. | 6.98% | 258,516 | $53.0M | Reduce -0.3% |
| UPS United Parcel Service Class B | 5.07% | 381,483 | $38.5M | Reduce -22.9% |
| AMZN Amazon.com Inc. | 3.17% | 109,955 | $24.1M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 3.07% | 41,101 | $23.3M | Reduce -6.6% |
| MSFT Microsoft Corp. | 2.73% | 41,679 | $20.7M | Reduce -2.2% |
| DSI iShares ESG MSCI KLD 400 ETF | 2.20% | 144,040 | $16.7M | Reduce -13.8% |
| NVDA Nvidia Corp. | 2.08% | 100,163 | $15.8M | Reduce -0.9% |
| FTAI Ftai Aviation Ltd. | 1.71% | 112,915 | $13.0M | Add +0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.50% | 40,761 | $11.4M | Reduce -13.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.29% | 55,616 | $9.8M | Reduce -34.4% |
| GOOGL Alphabet Inc. Class A | 1.29% | 55,570 | $9.8M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 1.26% | 54,044 | $9.6M | Reduce -1.8% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.26% | 98,889 | $9.5M | Reduce -63.4% |
| ORCL Oracle Corp. | 1.08% | 37,417 | $8.2M | Reduce -2.4% |
| VT Vanguard Tot World STK ETF | 0.94% | 55,867 | $7.2M | Reduce -30.2% |
| XLK SS Technology Select Sector | 0.89% | 26,783 | $6.8M | Add +0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.86% | 9 | $6.6M | No change |
| OEF iShares S&P 100 ETF | 0.85% | 21,264 | $6.5M | Add +6.7% |
| VGT Vanguard Info Tech ETF | 0.83% | 9,548 | $6.3M | Add +115.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.78% | 25,001 | $5.9M | Reduce -19.6% |
| VEA Vanguard Ftse Developed ETF | 0.76% | 101,488 | $5.8M | Reduce -20.9% |
| VGSH Vanguard Short-Term Treasury | 0.72% | 92,529 | $5.4M | Add +147.8% |
| VNQ Vanguard Real Estate ETF | 0.65% | 55,284 | $4.9M | Reduce -23.2% |
| JPM JPMorgan Chase & Co. | 0.64% | 16,907 | $4.9M | Reduce -3.2% |
| VWO Vanguard Ftse Emerging Marke | 0.58% | 89,563 | $4.4M | Reduce -26.9% |
| VYM Vanguard High DVD Yield ETF | 0.56% | 32,210 | $4.3M | Add +31.5% |
| HD Home Depot Inc. | 0.56% | 11,568 | $4.2M | Reduce -15.3% |
| TSLA Tesla Inc. | 0.54% | 12,959 | $4.1M | Reduce -8.4% |
| ABBV Abbvie Inc. | 0.53% | 21,889 | $4.1M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.52% | 25,918 | $4.0M | Reduce -25.4% |
| LLY Eli Lilly & Co. | 0.51% | 5,011 | $3.9M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.51% | 17,962 | $3.9M | Reduce -4.1% |
| QCOM Qualcomm Inc. | 0.49% | 23,335 | $3.7M | Reduce -3.5% |
| AVGO Broadcom Inc. | 0.48% | 13,350 | $3.7M | Add +1.3% |
| COST Costco Wholesale Corp. | 0.45% | 3,440 | $3.4M | Add +5.8% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.44% | 20,539 | $3.4M | Reduce -60.7% |
| APH Amphenol Corp. Class A | 0.44% | 33,812 | $3.3M | Reduce -13.4% |
| BDX Becton Dickinson and Co. | 0.44% | 19,367 | $3.3M | Reduce -1.8% |
| PG The Procter & Gamble Co. | 0.44% | 20,917 | $3.3M | Reduce -18.4% |
| WMT Walmart Inc. | 0.42% | 32,758 | $3.2M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.42% | 4,275 | $3.2M | Add +3.8% |
| MRK Merck & Co. Inc. | 0.40% | 38,851 | $3.1M | Reduce -7.6% |
| ABT Abbott Laboratories | 0.40% | 22,219 | $3.0M | Reduce -1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.40% | 5,468 | $3.0M | Add +0.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.38% | 9,585 | $2.9M | Reduce -44.9% |
| IVV iShares Core S&P 500 ETF | 0.38% | 4,672 | $2.9M | Add +23.9% |
| UPST Upstart Holdings Inc. | 0.37% | 43,123 | $2.8M | Reduce -0.6% |
| MCD McDonald's Corp. | 0.35% | 9,024 | $2.6M | Reduce -6.0% |
| MA Mastercard Inc. Class A | 0.33% | 4,516 | $2.5M | Reduce -7.9% |
| V Visa Inc. Class A | 0.33% | 7,110 | $2.5M | Reduce -2.0% |
| EOG EOG Resources Inc. | 0.29% | 18,683 | $2.2M | Add +0.2% |
| IWD iShares Russell 1000 Value E | 0.28% | 10,885 | $2.1M | Reduce -64.4% |
| AMP Ameriprise Financial Inc. | 0.27% | 3,879 | $2.1M | Reduce -2.7% |
| CSCO Cisco Systems Inc. | 0.27% | 29,742 | $2.1M | Reduce -1.1% |
| BKNG Booking Holdings Inc. | 0.27% | 352 | $2.0M | Add +2.3% |
| IWR iShares Russell Mid-Cap ETF | 0.27% | 22,058 | $2.0M | No change |
| UNP Union Pacific Corp. | 0.26% | 8,750 | $2.0M | Reduce -0.2% |
| TPL Texas Pacific Land Corp. | 0.26% | 1,886 | $2.0M | No change |
| IVW iShares S&P 500 Growth ETF | 0.26% | 18,056 | $2.0M | Reduce -4.6% |
| IWB iShares Russell 1000 ETF | 0.25% | 5,662 | $1.9M | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 22,914 | $1.9M | No change |
| VEU Vanguard Ftse All-World Ex-U | 0.25% | 28,436 | $1.9M | Reduce -79.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.25% | 6,391 | $1.9M | Reduce -7.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.24% | 19,400 | $1.8M | No change |
| GLD SPDR Gold Shares | 0.24% | 5,894 | $1.8M | Add +30.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.23% | 9,101 | $1.8M | Reduce -65.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.23% | 4,039 | $1.8M | Reduce -91.1% |
| LOW Lowe's Cos Inc. | 0.23% | 7,954 | $1.8M | Reduce -26.9% |
| PTON Peloton Interactive Inc. Class A | 0.23% | 251,790 | $1.7M | Add +6.4% |
| IWF iShares Russell 1000 Growth | 0.23% | 4,069 | $1.7M | Reduce -30.7% |
| RDFN Redfin Corp. | 0.22% | 146,165 | $1.6M | Reduce -0.3% |
| HON Honeywell International Inc. | 0.21% | 7,015 | $1.6M | Add +2.8% |
| AXP American Express Co. | 0.21% | 5,067 | $1.6M | Reduce -11.4% |
| GILD Gilead Sciences Inc. | 0.21% | 14,494 | $1.6M | Reduce -3.2% |
| AMGN Amgen Inc. | 0.21% | 5,661 | $1.6M | Reduce -12.9% |
| UNH Unitedhealth Group Inc. | 0.21% | 5,036 | $1.6M | Reduce -11.2% |
| VFH Vanguard Financials ETF | 0.21% | 12,268 | $1.6M | Reduce -0.9% |
| AMD Advanced Micro Devices | 0.20% | 10,970 | $1.6M | Add +3.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.20% | 5,506 | $1.5M | Reduce -71.3% |
| PH Parker Hannifin Corp. | 0.19% | 2,056 | $1.4M | Reduce -12.7% |
| CEG Constellation Energy | 0.19% | 4,414 | $1.4M | Reduce -15.7% |
| CBOE Cboe Global Markets Inc. | 0.18% | 6,012 | $1.4M | Reduce -5.5% |
| FISV Fiserv Inc. | 0.18% | 8,064 | $1.4M | Reduce -15.9% |
| AWK American Water Works Co. Inc. | 0.18% | 9,611 | $1.3M | Add +4.3% |
| KO The Coca-Cola Co. | 0.17% | 18,717 | $1.3M | Reduce -27.3% |
| WTS Watts Water Technologies-A | 0.17% | 5,371 | $1.3M | No change |
| PM Philip Morris International | 0.17% | 6,954 | $1.3M | Reduce -0.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.17% | 1,217 | $1.3M | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.16% | 4,407 | $1.3M | Reduce -68.4% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.16% | 56,836 | $1.2M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 8,941 | $1.2M | Reduce -0.9% |
| PFE Pfizer Inc. | 0.16% | 50,005 | $1.2M | Add +5.0% |
| NKE Nike Inc. Class B | 0.16% | 16,952 | $1.2M | Reduce -6.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 25,132 | $1.2M | Reduce -6.9% |
| XYL Xylem Inc. | 0.16% | 9,147 | $1.2M | Reduce -14.8% |
| PEP Pepsico Inc. | 0.16% | 8,936 | $1.2M | Reduce -36.7% |
| MDY State Street SPDR S&P Midcap | 0.15% | 2,078 | $1.2M | Reduce -17.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.15% | 9,304 | $1.2M | Reduce -3.2% |
| STN Stantec Inc. | 0.15% | 10,545 | $1.1M | No change |
Options reported separately and not counted above: AAPL puts ($1.0M).
Portfolio Sells Q1 2025 → Q2 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -91.1% | 0.23% | −1.83 |
| TROW T Rowe Price Group Inc. | Reduce -63.4% | 1.26% | −1.79 |
| UPS United Parcel Service Class B | Reduce -22.9% | 5.07% | −1.62 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -79.2% | 0.25% | −0.77 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -60.7% | 0.44% | −0.58 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -34.4% | 1.29% | −0.51 |
| IWD iShares Russell 1000 Value E | Reduce -64.4% | 0.28% | −0.43 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -71.3% | 0.20% | −0.39 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -65.6% | 0.23% | −0.37 |
| XLP SS Consumer Staples Sel Sect | Reduce -94.8% | 0.02% | −0.34 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -68.4% | 0.16% | −0.25 |
| EFA iShares MSCI Eafe ETF | Reduce -95.1% | 0.02% | −0.25 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -44.9% | 0.38% | −0.20 |
| EEM iShares MSCI Emerging Market | Reduce -97.1% | 0.01% | −0.20 |
| VT Vanguard Tot World STK ETF | Reduce -30.2% | 0.94% | −0.19 |
| JNJ Johnson & Johnson | Reduce -25.4% | 0.52% | −0.19 |
| UNH Unitedhealth Group Inc. | Reduce -11.2% | 0.21% | −0.16 |
| VNQ Vanguard Real Estate ETF | Reduce -23.2% | 0.65% | −0.15 |
| BDX Becton Dickinson and Co. | Reduce -1.8% | 0.44% | −0.12 |
| VHT Vanguard Health Care ETF | Reduce -70.2% | 0.05% | −0.11 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -60.9% | 0.09% | −0.11 |
| PEP Pepsico Inc. | Reduce -36.7% | 0.16% | −0.10 |
| VWO Vanguard Ftse Emerging Marke | Reduce -26.9% | 0.58% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -18.4% | 0.44% | −0.10 |
| AAPL Apple Inc. | Reduce -0.3% | 6.98% | −0.10 |
| LOW Lowe's Cos Inc. | Reduce -26.9% | 0.23% | −0.08 |
| FISV Fiserv Inc. | Reduce -15.9% | 0.18% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -19.6% | 0.78% | −0.07 |
| CVMC Calvert US Mcap Core Resp | Sold out | 0.00% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -7.6% | 0.40% | −0.06 |
| HD Home Depot Inc. | Reduce -15.3% | 0.56% | −0.06 |
| KO The Coca-Cola Co. | Reduce -27.3% | 0.17% | −0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.05 |
| LPX Louisiana-Pacific Corp. | Reduce -99.9% | 0.00% | −0.04 |
| EVR Evercore Inc. Class A | Reduce -97.3% | 0.00% | −0.04 |
| VXUS Vanguard Total Intl Stock | Reduce -72.8% | 0.02% | −0.04 |
| AMGN Amgen Inc. | Reduce -12.9% | 0.21% | −0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -92.6% | 0.00% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -20.9% | 0.76% | −0.04 |
| EMR Emerson Electric Co. | Reduce -46.0% | 0.08% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -30.7% | 0.23% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.53% | −0.03 |
| JLL Jones Lang Lasalle Inc. | Reduce -99.3% | 0.00% | −0.03 |
| ARM Arm Holdings PLC-ADR | Reduce -87.0% | 0.01% | −0.03 |
| OKE Oneok Inc. | Reduce -67.8% | 0.01% | −0.03 |
| MMM 3M Co. | Reduce -28.6% | 0.09% | −0.02 |
| MCD McDonald's Corp. | Reduce -6.0% | 0.35% | −0.02 |
| RPM RPM International Inc. | Reduce -44.3% | 0.03% | −0.02 |
| BA The Boeing Co. | Reduce -45.7% | 0.05% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -13.9% | 0.10% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| AMZN Amazon.com Inc. | Add +0.2% | 3.17% | +0.61 |
| VGT Vanguard Info Tech ETF | Add +115.7% | 0.83% | +0.54 |
| VGSH Vanguard Short-Term Treasury | Add +147.8% | 0.72% | +0.45 |
| XLK SS Technology Select Sector | Add +0.1% | 0.89% | +0.21 |
| AVGO Broadcom Inc. | Add +1.3% | 0.48% | +0.21 |
| OEF iShares S&P 100 ETF | Add +6.7% | 0.85% | +0.19 |
| VYM Vanguard High DVD Yield ETF | Add +31.5% | 0.56% | +0.18 |
| FTAI Ftai Aviation Ltd. | Add +0.0% | 1.71% | +0.17 |
| BILL Bill Holdings Inc. | New | 0.13% | +0.13 |
| META Meta Platforms Inc. Class A | Add +3.8% | 0.42% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +23.9% | 0.38% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.9% | 0.40% | +0.08 |
| BND Vanguard Total Bond Market | Add +839.2% | 0.09% | +0.08 |
| NFLX Netflix Inc. | Add +38.8% | 0.15% | +0.08 |
| GLD SPDR Gold Shares | Add +30.8% | 0.24% | +0.08 |
| BKNG Booking Holdings Inc. | Add +2.3% | 0.27% | +0.07 |
| AMD Advanced Micro Devices | Add +3.4% | 0.20% | +0.07 |
| COST Costco Wholesale Corp. | Add +5.8% | 0.45% | +0.07 |
| WMT Walmart Inc. | Add +0.3% | 0.42% | +0.07 |
| TQQQ Proshares Ultrapro QQQ | New | 0.07% | +0.07 |
| NRG NRG Energy Inc. | Add +47.6% | 0.09% | +0.06 |
| ALMU Aeluma Inc. | New | 0.05% | +0.05 |
| WFC Wells Fargo & Co. | Add +38.0% | 0.14% | +0.05 |
| SOXX iShares Semiconductor ETF | Add +85.7% | 0.09% | +0.05 |
| INTU Intuit Inc. | Add +51.2% | 0.10% | +0.05 |
| PTON Peloton Interactive Inc. Class A | Add +6.4% | 0.23% | +0.05 |
| SHOP Shopify Inc. Class A | Add +15.6% | 0.14% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | Add +14.2% | 0.12% | +0.04 |
| UBER Uber Technologies Inc. | Add +481.4% | 0.05% | +0.04 |
| AMAT Applied Materials Inc. | New | 0.04% | +0.04 |
| RDDT Reddit Inc. Class A | Add +0.0% | 0.13% | +0.04 |
| QXO Qxo Inc. | New | 0.04% | +0.04 |
| ETN Eaton Corp. PLC | Add +0.7% | 0.14% | +0.04 |
| HON Honeywell International Inc. | Add +2.8% | 0.21% | +0.04 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | New | 0.04% | +0.04 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.03% | +0.03 |
| MCHP Microchip Technology Inc. | Add +95.6% | 0.05% | +0.03 |
| EME Emcor Group Inc. | Add +32.2% | 0.06% | +0.03 |
| SHLD Global X Defense Tech ETF | New | 0.03% | +0.03 |
| GBDC Golub Capital BDC Inc. | Add +49.2% | 0.08% | +0.03 |
| DELL Dell Technologies -C | Add +3.1% | 0.08% | +0.03 |
| UNM Unum Group | Add +240.5% | 0.04% | +0.03 |
| PRI Primerica Inc. | Add +18425.0% | 0.03% | +0.03 |
| TT Trane Technologies PLC | Add +0.1% | 0.09% | +0.03 |
| TXN Texas Instruments Inc. | Add +1.2% | 0.11% | +0.02 |
| WTW Willis Towers Watson PLC | Add +1180.4% | 0.02% | +0.02 |
| BNY Bank of New York Mellon Corp. | Add +0.5% | 0.14% | +0.02 |
| MAR Marriott International Class A | Add +6.6% | 0.08% | +0.02 |
| LSCC Lattice Semiconductor Corp. | Add +70775.0% | 0.02% | +0.02 |
| RRX Regal Rexnord Corp. | Add +0.0% | 0.07% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| AAPL Apple Inc. | put | New | 5,000 | $1.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,312 | $768.4M | SPY, AAPL, UPS, VOO, AMZN |
| Q1 2026 | 1,305 | $694.3M | SPY, AAPL, UPS, FTAI, AMZN |
| Q4 2025 | 1,341 | $734.7M | SPY, AAPL, UPS, AMZN, VOO |
| Q3 2025 | 1,288 | $736.7M | SPY, AAPL, UPS, VOO, AMZN |
| Q2 2025 | 1,199 | $760.2M | SPY, AAPL, UPS, AMZN, VOO |
| Q1 2025 | 1,169 | $814.3M | SPY, AAPL, UPS, TROW, VOO |
| Q4 2024 | 1,153 | $861.5M | SPY, AAPL, UPS, TROW, VOO |
| Q3 2024 | 1,175 | $854.1M | SPY, UPS, AAPL, TROW, AMZN |
| Q2 2024 | 1,146 | $831.7M | SPY, UPS, AAPL, TROW, AMZN |
| Q1 2024 | 1,029 | $811.1M | SPY, UPS, AAPL, TROW, AMZN |