Manchester Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Manchester Capital Management LLC reported 1,288 stock positions worth $736.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 14.9% of the portfolio, followed by Apple (AAPL, 8.2%) and United Parcel Service Class B (UPS, 4.3%). Compared with Q2 2025, it opened 154 new positions, sold out of 65, added to 230 and reduced 484. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +2972%) and the biggest sale T Rowe Price (TROW, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, VT
- CIK
- 0001393389
- Portfolio Value
- $736.7M (Q3 2025)
- SEC Filing
- 0001393389-25-000008 ↗ filed Nov 14, 2025
Holdings Value
Holdings 1,288 stocks · $736.7M
| SPY SS SPDR S&P 500 ETF Trust-US | 14.90% | 164,720 | $109.7M | Reduce -8.0% |
| AAPL Apple Inc. | 8.21% | 237,466 | $60.5M | Reduce -8.1% |
| UPS United Parcel Service Class B | 4.33% | 381,658 | $31.9M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 3.21% | 38,669 | $23.7M | Reduce -5.9% |
| AMZN Amazon.com Inc. | 3.12% | 104,702 | $23.0M | Reduce -4.8% |
| MSFT Microsoft Corp. | 2.53% | 36,044 | $18.7M | Reduce -13.5% |
| FTAI Ftai Aviation Ltd. | 2.42% | 107,040 | $17.9M | Reduce -5.2% |
| DSI iShares ESG MSCI KLD 400 ETF | 2.31% | 134,953 | $17.0M | Reduce -6.3% |
| NVDA Nvidia Corp. | 2.07% | 81,777 | $15.3M | Reduce -18.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.90% | 27,803 | $14.0M | Add +2972.2% |
| GOOG Alphabet Inc. Class C | 1.75% | 52,903 | $12.9M | Reduce -2.1% |
| GOOGL Alphabet Inc. Class A | 1.61% | 48,684 | $11.8M | Reduce -12.4% |
| ORCL Oracle Corp. | 1.38% | 36,105 | $10.2M | Reduce -3.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.34% | 33,695 | $9.9M | Reduce -17.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.28% | 50,397 | $9.4M | Reduce -9.4% |
| XLK SS Technology Select Sector | 1.03% | 26,927 | $7.6M | Add +0.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.02% | 10 | $7.5M | Add +11.1% |
| OEF iShares S&P 100 ETF | 0.96% | 21,264 | $7.1M | No change |
| VGT Vanguard Info Tech ETF | 0.90% | 8,843 | $6.6M | Reduce -7.4% |
| TSLA Tesla Inc. | 0.73% | 12,088 | $5.4M | Reduce -6.7% |
| VT Vanguard Tot World STK ETF | 0.69% | 36,866 | $5.1M | Reduce -34.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.67% | 19,425 | $4.9M | Reduce -22.3% |
| IWM iShares Russell 2000 ETF | 0.67% | 20,313 | $4.9M | Add +13.1% |
| ABBV Abbvie Inc. | 0.63% | 19,984 | $4.6M | Reduce -8.7% |
| VYM Vanguard High DVD Yield ETF | 0.62% | 32,210 | $4.5M | No change |
| HD Home Depot Inc. | 0.58% | 10,619 | $4.3M | Reduce -8.2% |
| JNJ Johnson & Johnson | 0.54% | 21,566 | $4.0M | Reduce -16.8% |
| VNQ Vanguard Real Estate ETF | 0.52% | 42,242 | $3.9M | Reduce -23.6% |
| JPM JPMorgan Chase & Co. | 0.51% | 11,935 | $3.8M | Reduce -29.4% |
| QCOM Qualcomm Inc. | 0.48% | 21,447 | $3.6M | Reduce -8.1% |
| BDX Becton Dickinson and Co. | 0.47% | 18,368 | $3.4M | Reduce -5.2% |
| WMT Walmart Inc. | 0.46% | 32,700 | $3.4M | Reduce -0.2% |
| AVGO Broadcom Inc. | 0.44% | 9,795 | $3.2M | Reduce -26.6% |
| VWO Vanguard Ftse Emerging Marke | 0.44% | 59,213 | $3.2M | Reduce -33.9% |
| VGSH Vanguard Short-Term Treasury | 0.43% | 53,909 | $3.2M | Reduce -41.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.43% | 5,260 | $3.2M | Reduce -3.8% |
| VEA Vanguard Ftse Developed ETF | 0.43% | 52,644 | $3.2M | Reduce -48.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 9,475 | $3.1M | Reduce -1.1% |
| APH Amphenol Corp. Class A | 0.42% | 24,735 | $3.1M | Reduce -26.9% |
| MRK Merck & Co. Inc. | 0.41% | 36,352 | $3.1M | Reduce -6.4% |
| IVV iShares Core S&P 500 ETF | 0.41% | 4,517 | $3.0M | Reduce -3.3% |
| COST Costco Wholesale Corp. | 0.38% | 3,053 | $2.8M | Reduce -11.3% |
| LLY Eli Lilly & Co. | 0.37% | 3,566 | $2.7M | Reduce -28.8% |
| ABT Abbott Laboratories | 0.36% | 19,610 | $2.6M | Reduce -11.7% |
| PG The Procter & Gamble Co. | 0.34% | 16,193 | $2.5M | Reduce -22.6% |
| GLD SPDR Gold Shares | 0.32% | 6,706 | $2.4M | Add +13.8% |
| MCD McDonald's Corp. | 0.32% | 7,746 | $2.4M | Reduce -14.2% |
| RKT Rocket Cos Inc. Class A | 0.30% | 115,848 | $2.2M | New |
| IWD iShares Russell 1000 Value E | 0.30% | 10,885 | $2.2M | No change |
| AME Ametek Inc. | 0.30% | 11,741 | $2.2M | New |
| UPST Upstart Holdings Inc. | 0.30% | 43,123 | $2.2M | No change |
| PTON Peloton Interactive Inc. Class A | 0.29% | 237,443 | $2.1M | Reduce -5.7% |
| V Visa Inc. Class A | 0.29% | 6,232 | $2.1M | Reduce -12.3% |
| IVW iShares S&P 500 Growth ETF | 0.29% | 17,492 | $2.1M | Reduce -3.1% |
| EOG EOG Resources Inc. | 0.28% | 18,705 | $2.1M | Add +0.1% |
| IWB iShares Russell 1000 ETF | 0.28% | 5,662 | $2.1M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.28% | 21,068 | $2.0M | Reduce -4.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.28% | 28,390 | $2.0M | Reduce -0.2% |
| UNP Union Pacific Corp. | 0.27% | 8,549 | $2.0M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 0.27% | 3,521 | $2.0M | Reduce -22.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.27% | 22,914 | $2.0M | No change |
| BKNG Booking Holdings Inc. | 0.26% | 357 | $1.9M | Add +1.4% |
| UNH Unitedhealth Group Inc. | 0.26% | 5,500 | $1.9M | Add +9.2% |
| IWF iShares Russell 1000 Growth | 0.26% | 4,026 | $1.9M | Reduce -1.1% |
| LOW Lowe's Cos Inc. | 0.25% | 7,411 | $1.9M | Reduce -6.8% |
| META Meta Platforms Inc. Class A | 0.25% | 2,464 | $1.8M | Reduce -42.4% |
| CVX Chevron Corp. | 0.24% | 11,391 | $1.8M | Add +79.6% |
| CSCO Cisco Systems Inc. | 0.23% | 24,425 | $1.7M | Reduce -17.9% |
| TPL Texas Pacific Land Corp. | 0.23% | 1,789 | $1.7M | Reduce -5.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.23% | 3,476 | $1.7M | Reduce -13.9% |
| AMD Advanced Micro Devices | 0.22% | 10,177 | $1.6M | Reduce -7.2% |
| BILL Bill Holdings Inc. | 0.22% | 30,919 | $1.6M | Add +39.8% |
| VFH Vanguard Financials ETF | 0.22% | 12,168 | $1.6M | Reduce -0.8% |
| GILD Gilead Sciences Inc. | 0.20% | 13,560 | $1.5M | Reduce -6.4% |
| CBOE Cboe Global Markets Inc. | 0.20% | 6,019 | $1.5M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 5,215 | $1.5M | Reduce -18.4% |
| RDDT Reddit Inc. Class A | 0.20% | 6,355 | $1.5M | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 9,870 | $1.4M | Add +13.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.19% | 4,780 | $1.4M | Reduce -13.2% |
| AXP American Express Co. | 0.19% | 4,161 | $1.4M | Reduce -17.9% |
| Z Zillow Group Inc. Class C | 0.19% | 17,703 | $1.4M | Add +157.2% |
| SHOP Shopify Inc. Class A | 0.18% | 9,085 | $1.4M | Reduce -0.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.18% | 4,431 | $1.3M | Add +0.5% |
| XYL Xylem Inc. | 0.17% | 8,472 | $1.2M | Reduce -7.4% |
| PFE Pfizer Inc. | 0.16% | 47,689 | $1.2M | Reduce -4.6% |
| LH Labcorp Holdings Inc. | 0.16% | 4,161 | $1.2M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.16% | 17,762 | $1.2M | Add +19.5% |
| CEG Constellation Energy | 0.16% | 3,473 | $1.1M | Reduce -21.3% |
| CWCO Consolidated Water Co.-Ord SH | 0.15% | 32,160 | $1.1M | Reduce -11.0% |
| AMGN Amgen Inc. | 0.15% | 3,979 | $1.1M | Reduce -29.7% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.15% | 44,836 | $1.1M | Reduce -21.1% |
| MWA Mueller Water Products Inc. Class A | 0.15% | 43,381 | $1.1M | No change |
| PNR Pentair PLC | 0.15% | 9,921 | $1.1M | Reduce -10.9% |
| NKE Nike Inc. Class B | 0.15% | 15,658 | $1.1M | Reduce -7.6% |
| STN Stantec Inc. | 0.15% | 10,065 | $1.1M | Reduce -4.5% |
| AMP Ameriprise Financial Inc. | 0.15% | 2,197 | $1.1M | Reduce -43.4% |
| MDY State Street SPDR S&P Midcap | 0.15% | 1,799 | $1.1M | Reduce -13.4% |
| WTS Watts Water Technologies-A | 0.15% | 3,831 | $1.1M | Reduce -28.7% |
| PEP Pepsico Inc. | 0.14% | 7,602 | $1.1M | Reduce -14.9% |
| KO The Coca-Cola Co. | 0.14% | 15,926 | $1.1M | Reduce -14.9% |
Options reported separately and not counted above: AAPL puts ($1.3M).
Portfolio Sells Q2 2025 → Q3 2025
| TROW T Rowe Price Group Inc. | Reduce -98.2% | 0.02% | −1.23 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -80.0% | 0.10% | −0.35 |
| VEA Vanguard Ftse Developed ETF | Reduce -48.1% | 0.43% | −0.33 |
| VGSH Vanguard Short-Term Treasury | Reduce -41.7% | 0.43% | −0.28 |
| VT Vanguard Tot World STK ETF | Reduce -34.0% | 0.69% | −0.25 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −0.24 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -95.6% | 0.01% | −0.22 |
| RDFN Redfin Corp. | Sold out | 0.00% | −0.22 |
| MSFT Microsoft Corp. | Reduce -13.5% | 2.53% | −0.19 |
| META Meta Platforms Inc. Class A | Reduce -42.4% | 0.25% | −0.17 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -17.3% | 1.34% | −0.16 |
| VWO Vanguard Ftse Emerging Marke | Reduce -33.9% | 0.44% | −0.15 |
| LLY Eli Lilly & Co. | Reduce -28.8% | 0.37% | −0.14 |
| JPM JPMorgan Chase & Co. | Reduce -29.4% | 0.51% | −0.13 |
| AMP Ameriprise Financial Inc. | Reduce -43.4% | 0.15% | −0.13 |
| VNQ Vanguard Real Estate ETF | Reduce -23.6% | 0.52% | −0.12 |
| PLTR Palantir Technologies Inc. Class A | Reduce -78.9% | 0.05% | −0.11 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -22.3% | 0.67% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -22.6% | 0.34% | −0.10 |
| HES Hess Corp. | Sold out | 0.00% | −0.09 |
| PM Philip Morris International | Reduce -44.6% | 0.08% | −0.08 |
| APP AppLovin Corp. Class A | Reduce -93.8% | 0.01% | −0.08 |
| TT Trane Technologies PLC | Reduce -85.5% | 0.01% | −0.08 |
| NRG NRG Energy Inc. | Reduce -86.8% | 0.01% | −0.08 |
| HON Honeywell International Inc. | Reduce -30.7% | 0.14% | −0.08 |
| FISV Fiserv Inc. | Reduce -23.1% | 0.11% | −0.07 |
| ACN Accenture PLC Class A | Reduce -38.7% | 0.08% | −0.07 |
| NFLX Netflix Inc. | Reduce -40.5% | 0.08% | −0.07 |
| GD General Dynamics Corp. | Reduce -75.6% | 0.03% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -11.3% | 0.38% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -22.0% | 0.27% | −0.06 |
| AJG Arthur J Gallagher & Co. | Reduce -78.7% | 0.02% | −0.06 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -70.6% | 0.03% | −0.06 |
| AWK American Water Works Co. Inc. | Reduce -33.7% | 0.12% | −0.06 |
| AMGN Amgen Inc. | Reduce -29.7% | 0.15% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -36.9% | 0.13% | −0.06 |
| DE Deere & Co. | Reduce -40.1% | 0.07% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -4.8% | 3.12% | −0.05 |
| AXON Axon Enterprise Inc. | Reduce -95.6% | 0.00% | −0.05 |
| ISRG Intuitive Surgical Inc. | Reduce -26.3% | 0.08% | −0.05 |
| BAC Bank of America Corp. | Reduce -39.0% | 0.11% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -18.4% | 0.20% | −0.05 |
| DTM DT Midstream Inc. | Sold out | 0.00% | −0.05 |
| PYLD PIMCO Multisector Bond Actv | Reduce -35.7% | 0.10% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -38.5% | 0.09% | −0.05 |
| CW Curtiss-Wright Corp. | Sold out | 0.00% | −0.05 |
| AVGO Broadcom Inc. | Reduce -26.6% | 0.44% | −0.05 |
| APD Air Products & Chemicals Inc. | Reduce -40.9% | 0.06% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -17.9% | 0.23% | −0.04 |
| V Visa Inc. Class A | Reduce -12.3% | 0.29% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +2972.2% | 1.90% | +1.84 |
| RKT Rocket Cos Inc. Class A | New | 0.30% | +0.30 |
| AME Ametek Inc. | New | 0.30% | +0.30 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +11.1% | 1.02% | +0.16 |
| IWM iShares Russell 2000 ETF | Add +13.1% | 0.67% | +0.16 |
| XLK SS Technology Select Sector | Add +0.5% | 1.03% | +0.14 |
| Z Zillow Group Inc. Class C | Add +157.2% | 0.19% | +0.12 |
| CVX Chevron Corp. | Add +79.6% | 0.24% | +0.12 |
| BILL Bill Holdings Inc. | Add +39.8% | 0.22% | +0.09 |
| GLD SPDR Gold Shares | Add +13.8% | 0.32% | +0.09 |
| RDDT Reddit Inc. Class A | Add +0.1% | 0.20% | +0.07 |
| FIP Ftai Infrastructure Inc. | New | 0.07% | +0.07 |
| TJX TJX Companies Inc. | Add +13.4% | 0.19% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +9.2% | 0.26% | +0.05 |
| VRSN Verisign Inc. | New | 0.04% | +0.04 |
| AOS Smith (a.o.) Corp. | Add +3893.5% | 0.04% | +0.04 |
| HTO H2O America | New | 0.04% | +0.04 |
| WMS Advanced Drainage Systems Inc. | New | 0.04% | +0.04 |
| VHT Vanguard Health Care ETF | Add +70.8% | 0.09% | +0.04 |
| LIN Linde PLC | New | 0.04% | +0.04 |
| MU Micron Technology Inc. | Add +10.3% | 0.11% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +19.5% | 0.16% | +0.04 |
| ETHA iShares Ethereum Trust ETF | Add +34.9% | 0.06% | +0.03 |
| OUNZ Vaneck Merk Gold ETF | Add +200.1% | 0.04% | +0.03 |
| RGTI Rigetti Computing Inc. | Add +487.5% | 0.03% | +0.03 |
| ULTA Ulta Beauty Inc. | Add +203.8% | 0.04% | +0.03 |
| P Everpure Inc. Class A | New | 0.02% | +0.02 |
| NBIS Nebius Group NV | Add +28.4% | 0.03% | +0.02 |
| CI The Cigna Group | New | 0.02% | +0.02 |
| DELL Dell Technologies -C | Add +2.9% | 0.10% | +0.02 |
| HOOD Robinhood Markets Inc. Class A | Add +3.0% | 0.04% | +0.02 |
| LB Landbridge Co. LLC-A | New | 0.02% | +0.02 |
| CBOE Cboe Global Markets Inc. | Add +0.1% | 0.20% | +0.02 |
| EXPD Expeditors Intl Wash Inc. | Add +19.7% | 0.06% | +0.01 |
| RACE Ferrari NV | New | 0.01% | +0.01 |
| LII Lennox International Inc. | Add +666.7% | 0.02% | +0.01 |
| PLD Prologis Inc. | New | 0.01% | +0.01 |
| AMZA Infracap MLP ETF | New | 0.01% | +0.01 |
| BMO Bank of Montreal | New | 0.01% | +0.01 |
| GRAL Grail Inc. | Add +14.5% | 0.05% | +0.01 |
| BE Bloom Energy Corp. Class A | New | 0.01% | +0.01 |
| D Dominion Energy Inc. | Add +8.0% | 0.07% | +0.01 |
| IAU iShares Gold Trust | Add +0.7% | 0.07% | +0.01 |
| KBH KB Home | Add +272.4% | 0.02% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +28.2% | 0.03% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +0.5% | 0.18% | +0.01 |
| XLC SS Comm Select Sector SPDR | Add +2.0% | 0.09% | +0.01 |
| GNRC Generac Holdings Inc. | Add +2352.4% | 0.01% | +0.01 |
| UL Unilever PLC | Add +12.5% | 0.10% | +0.01 |
| MP MP Materials Corp. | Add +10.3% | 0.02% | +0.01 |
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 |