Middleton & Co. Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Middleton & Co. Inc. reported 156 stock positions worth $856.0 million. Its top holding was Apple (AAPL) at 6.5% of the portfolio, followed by Amazon.com (AMZN, 5.8%) and Alphabet Class A (GOOGL, 4.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 6, added to 19 and reduced 101. The biggest buy was a new position in iShares MSCI International Q (IQLT) and the biggest sale Broadcom (AVGO, shares −5%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0000919497
Portfolio Value
$856.0M (Q1 2025)
SEC Filing
0001398344-25-009075 ↗ filed May 9, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $867.1M Q1 2024 Q2 2024: $860.7M Q2 2024 Q3 2024: $905.0M Q3 2024 Q4 2024: $905.1M Q4 2024 Q1 2025: $856.0M $856.0M Q1 2025 Q2 2025: $890.3M Q2 2025 Q3 2025: $925.3M Q3 2025 Q4 2025: $941.8M Q4 2025 Q1 2026: $876.9M Q1 2026 Q2 2026: $941.9M Q2 2026

Holdings 156 stocks · $856.0M
AAPL Apple Inc. 6.53% 251,771 $55.9M Reduce -3.2%
AMZN Amazon.com Inc. 5.75% 258,789 $49.2M Reduce -2.1%
GOOGL Alphabet Inc. Class A 4.24% 234,717 $36.3M Reduce -1.9%
IVV iShares Core S&P 500 ETF 3.43% 52,235 $29.4M Reduce -0.8%
V Visa Inc. Class A 3.23% 78,850 $27.6M Reduce -3.5%
COST Costco Wholesale Corp. 2.92% 26,432 $25.0M Reduce -3.6%
AVGO Broadcom Inc. 2.80% 143,285 $24.0M Reduce -5.2%
MSFT Microsoft Corp. 2.62% 59,664 $22.4M Reduce -1.4%
ORLY O'reilly Automotive Inc. 2.57% 15,347 $22.0M Reduce -6.2%
JPM JPMorgan Chase & Co. 2.34% 81,792 $20.1M Reduce -2.7%
ABBV Abbvie Inc. 2.12% 86,570 $18.1M Reduce -0.2%
PANW Palo Alto Networks Inc. 1.96% 98,132 $16.7M Reduce -5.3%
CRM Salesforce Inc. 1.87% 59,517 $16.0M Reduce -1.9%
NOW ServiceNow Inc. 1.82% 19,579 $15.6M Reduce -5.0%
DHR Danaher Corp. 1.79% 74,673 $15.3M Reduce -3.2%
INTU Intuit Inc. 1.74% 24,239 $14.9M Reduce -3.0%
XOM Exxon Mobil Corp. 1.70% 122,610 $14.6M Reduce -4.0%
UNH Unitedhealth Group Inc. 1.65% 26,986 $14.1M Reduce -3.0%
NEE Nextera Energy Inc. 1.61% 194,339 $13.8M Reduce -4.8%
BRK.B Berkshire Hathaway Inc. Class B 1.61% 25,824 $13.8M Reduce -1.5%
QCOM Qualcomm Inc. 1.54% 85,792 $13.2M Reduce -2.4%
IEF iShares 7-10 Year Treasury B 1.53% 137,419 $13.1M Reduce -0.1%
MRK Merck & Co. Inc. 1.52% 145,301 $13.0M Reduce -0.9%
VRSK Verisk Analytics Inc. 1.51% 43,539 $13.0M Reduce -9.2%
AMT American Tower Corp. 1.47% 57,672 $12.5M Reduce -1.3%
STE Steris PLC 1.35% 50,805 $11.5M Add +3.4%
SPGI S&P Global Inc. 1.34% 22,552 $11.5M Reduce -2.0%
FISV Fiserv Inc. 1.20% 46,534 $10.3M Reduce -12.6%
XYL Xylem Inc. 1.11% 79,897 $9.5M Add +1.5%
EQIX Equinix Inc. 1.11% 11,608 $9.5M Reduce -1.6%
FTV Fortive Corp. 1.08% 126,157 $9.2M Reduce -3.3%
META Meta Platforms Inc. Class A 1.04% 15,457 $8.9M Reduce -1.9%
VGSH Vanguard Short-Term Treasury 1.03% 149,509 $8.8M Add +8.4%
ADBE Adobe Inc. 1.01% 22,572 $8.7M Add +0.7%
ECL Ecolab Inc. 1.01% 33,972 $8.6M Reduce -2.2%
MDLZ Mondelez International Inc. Class A 1.00% 125,817 $8.5M Reduce -3.7%
SYK Stryker Corp. 0.99% 22,816 $8.5M Reduce -3.1%
SNPS Synopsys Inc. 0.96% 19,194 $8.2M Reduce -1.3%
IQV Iqvia Holdings Inc. 0.95% 46,122 $8.1M Reduce -4.8%
MSCI MSCI Inc. 0.82% 12,346 $7.0M Reduce -2.7%
VGIT Vanguard Intermediate-Term T 0.73% 105,545 $6.3M Add +38.4%
GOOG Alphabet Inc. Class C 0.72% 39,694 $6.2M Reduce -5.4%
IQLT iShares MSCI International Q 0.68% 146,727 $5.8M New
NVDA Nvidia Corp. 0.68% 53,452 $5.8M Add +238.1%
VCSH Vanguard S/T Corp. Bond ETF 0.67% 73,106 $5.8M Reduce -3.6%
CB Chubb Ltd. 0.63% 17,950 $5.4M Reduce -1.6%
IDXX Idexx Laboratories Inc. 0.62% 12,612 $5.3M Add +2.5%
IJH iShares Core S&P Midcap ETF 0.59% 86,475 $5.0M Reduce -2.8%
IJR iShares Core S&P Small-Cap E 0.55% 45,230 $4.7M Reduce -1.4%
ROP Roper Technologies Inc. 0.52% 7,598 $4.5M Reduce -8.5%
ABT Abbott Laboratories 0.52% 33,345 $4.4M Reduce -2.3%
BR Broadridge Financial Solutio 0.52% 18,195 $4.4M Reduce -5.3%
ODFL Old Dominion Freight Line 0.51% 26,487 $4.4M Reduce -0.7%
EXC Exelon Corp. 0.51% 94,297 $4.3M Reduce -1.1%
PEP Pepsico Inc. 0.51% 28,888 $4.3M Add +14.6%
PAAA Pgim Aaa Clo ETF 0.49% 82,160 $4.2M Add +21.3%
CEG Constellation Energy 0.49% 20,660 $4.2M Reduce -0.6%
WSO Watsco Inc. 0.47% 7,980 $4.1M Reduce -3.6%
HD Home Depot Inc. 0.40% 9,452 $3.5M Reduce -7.1%
PYPL PayPal Holdings Inc. 0.39% 51,608 $3.4M Reduce -21.4%
RNR Renaissancere Holdings Ltd. 0.39% 13,914 $3.3M Reduce -5.2%
ETN Eaton Corp. PLC 0.36% 11,469 $3.1M Add +1309.0%
CVX Chevron Corp. 0.35% 17,968 $3.0M Reduce -14.4%
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 5,342 $3.0M Reduce -1.9%
USFR Wisdomtree Floating Rate Tre 0.35% 58,805 $3.0M Add +14.2%
SBUX Starbucks Corp. 0.32% 27,497 $2.7M Reduce -49.7%
IWF iShares Russell 1000 Growth 0.31% 7,326 $2.6M Reduce -1.4%
TMO Thermo Fisher Scientific Inc. 0.31% 5,251 $2.6M Reduce -0.1%
WCN Waste Connections Inc. 0.30% 12,951 $2.5M Reduce -1.2%
ROL Rollins Inc. 0.29% 46,370 $2.5M Reduce -1.5%
PG The Procter & Gamble Co. 0.28% 14,300 $2.4M Reduce -1.1%
BRK.A Berkshire Hathaway Inc. Class A 0.28% 3 $2.4M No change
LOW Lowe's Cos Inc. 0.28% 10,167 $2.4M Reduce -5.7%
IWR iShares Russell Mid-Cap ETF 0.27% 27,298 $2.3M Reduce -16.8%
ZTS Zoetis Inc. 0.25% 12,973 $2.1M Add +1.7%
APTV Aptiv PLC 0.23% 33,668 $2.0M Add +63.1%
MA Mastercard Inc. Class A 0.23% 3,598 $2.0M Reduce -1.4%
JNJ Johnson & Johnson 0.21% 10,789 $1.8M Reduce -5.1%
MNST Monster Beverage Corp. 0.19% 27,215 $1.6M Reduce -2.8%
RTX RTX Corp. 0.19% 12,017 $1.6M Reduce -0.8%
ADP Automatic Data Processing 0.18% 5,131 $1.6M Reduce -1.6%
PSA Public Storage 0.18% 5,175 $1.5M Reduce -3.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.18% 31,100 $1.5M Reduce -14.3%
EOG EOG Resources Inc. 0.18% 11,708 $1.5M Reduce -23.1%
PNC PNC Financial Services Group 0.17% 8,398 $1.5M Reduce -2.3%
UNP Union Pacific Corp. 0.17% 6,028 $1.4M Reduce -1.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 14,425 $1.4M Reduce -56.5%
MDY State Street SPDR S&P Midcap 0.15% 2,436 $1.3M No change
IWM iShares Russell 2000 ETF 0.14% 5,955 $1.2M Reduce -2.0%
LRCX Lam Research Corp. 0.14% 16,231 $1.2M Reduce -4.1%
IWD iShares Russell 1000 Value E 0.13% 5,696 $1.1M Reduce -0.7%
AVUV Avantis US Small Cap Value 0.12% 11,936 $1.0M Add +3.7%
AVY Avery Dennison Corp. 0.12% 5,700 $1.0M Reduce -10.6%
BLK BlackRock Inc. 0.12% 1,051 $995K Add +1.6%
MAXJ iShares LG Cap Max Buff Jun 0.11% 36,117 $931K Reduce -0.4%
PAYX Paychex Inc. 0.11% 5,935 $916K Reduce -1.7%
APD Air Products & Chemicals Inc. 0.11% 3,078 $908K Reduce -2.4%
XPO Xpo Inc. 0.10% 8,215 $884K Reduce -0.1%
WMT Walmart Inc. 0.10% 10,051 $882K Reduce -1.6%
NKE Nike Inc. Class B 0.10% 13,807 $876K Reduce -9.2%
NOC Northrop Grumman Corp. 0.10% 1,695 $868K Reduce -2.9%
STIP iShares 0-5 Year Tips Bond E 0.08% 6,841 $708K No change
IVW iShares S&P 500 Growth ETF 0.08% 7,600 $705K Add +11.3%
ELV Elevance Health Inc. 0.08% 1,525 $663K No change
VLTO Veralto Corp. 0.07% 6,166 $601K Reduce -20.7%
KO The Coca-Cola Co. 0.07% 7,925 $568K Reduce -1.9%
GLDM SPDR Gold Minishares Trust 0.07% 9,151 $566K No change
IVE iShares S&P 500 Value ETF 0.07% 2,955 $563K Add +51.5%
LLY Eli Lilly & Co. 0.07% 675 $557K Reduce -8.3%
ORCL Oracle Corp. 0.07% 3,980 $556K Reduce -2.6%
ACN Accenture PLC Class A 0.06% 1,615 $504K Reduce -3.6%
CI The Cigna Group 0.06% 1,524 $501K No change
TIP iShares Tips Bond ETF 0.06% 4,244 $471K No change
CGW Invesco S&P Global Water Ind 0.05% 8,400 $468K No change
IBB iShares Biotechnology ETF 0.05% 3,600 $460K No change
IWP iShares Russell Mid-Cap Grow 0.05% 3,819 $449K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 1,777 $442K No change
MTD Mettler-Toledo International 0.05% 345 $407K No change
XHLF Bondbloxx BBG 6 MTH US Treas 0.05% 8,000 $403K Add +50.9%
PH Parker Hannifin Corp. 0.05% 660 $401K Reduce -10.8%
AMGN Amgen Inc. 0.05% 1,276 $398K Reduce -6.3%
ISRG Intuitive Surgical Inc. 0.05% 783 $388K No change
VB Vanguard Most SM-Cap ETF-Usd 0.04% 1,730 $384K Reduce -2.8%
URI United Rentals Inc. 0.04% 600 $376K No change
HEQT Simplify Hedged Equity ETF 0.04% 13,025 $372K No change
ICE Intercontinental Exchange Inc. 0.04% 2,128 $367K Reduce -13.1%
ROK Rockwell Automation Inc. 0.04% 1,375 $355K No change
QQQ Invesco QQQ Trust Series 1 0.04% 745 $349K Reduce -19.1%
AXP American Express Co. 0.04% 1,219 $328K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 7,774 $324K Reduce -30.0%
AGG iShares Core U.S. Aggregate 0.04% 3,250 $321K Reduce -17.1%
GLD SPDR Gold Shares 0.04% 1,112 $320K Reduce -2.0%
KKR KKR & Co. Inc. 0.04% 2,622 $303K No change
CL Colgate-Palmolive Co. 0.04% 3,220 $302K No change
PLD Prologis Inc. 0.03% 2,500 $279K No change
VCIT Vanguard Int-Term Corporate 0.03% 3,375 $276K New
BDX Becton Dickinson and Co. 0.03% 1,185 $271K No change
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.03% 5,200 $264K Reduce -8.8%
EPAM Epam Systems Inc. 0.03% 1,555 $263K No change
WELL Welltower Inc. 0.03% 1,700 $260K No change
MCD McDonald's Corp. 0.03% 796 $249K Reduce -8.1%
GXO Gxo Logistics Inc. 0.03% 6,230 $243K Reduce -0.2%
BKNG Booking Holdings Inc. 0.03% 52 $240K No change
DMAX iShares LG Cap Max Buff Dec 0.03% 9,550 $238K New
CVS CVS Health Corp. 0.03% 3,500 $237K Reduce -25.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 4,511 $236K No change
FDS Factset Research Systems Inc. 0.03% 500 $227K No change
DVY iShares Select Dividend ETF 0.03% 1,675 $225K No change
IGV iShares Expanded Tech-Softwa 0.03% 2,500 $222K No change
MRSH Marsh & McLennan Cos 0.03% 910 $222K New
HON Honeywell International Inc. 0.03% 1,029 $218K No change
BX Blackstone Inc. 0.02% 1,500 $210K No change
PFE Pfizer Inc. 0.02% 8,158 $207K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 784 $203K Reduce -3.1%
NYF iShares New York Muni Bond E 0.02% 3,800 $200K No change
ARRY Array Technologies Inc. 0.02% 30,270 $147K Add +17.5%

Portfolio Sells Q4 2024 → Q1 2025
AVGO Broadcom Inc. Reduce -5.2% 2.80% −1.07
GOOGL Alphabet Inc. Class A Reduce -1.9% 4.24% −0.76
AAPL Apple Inc. Reduce -3.2% 6.53% −0.66
AMZN Amazon.com Inc. Reduce -2.1% 5.75% −0.65
NOW ServiceNow Inc. Reduce -5.0% 1.82% −0.59
CRM Salesforce Inc. Reduce -1.9% 1.87% −0.37
DIS The Walt Disney Co. Reduce -56.5% 0.17% −0.24
SBUX Starbucks Corp. Reduce -49.7% 0.32% −0.24
PYPL PayPal Holdings Inc. Reduce -21.4% 0.39% −0.23
MSFT Microsoft Corp. Reduce -1.4% 2.62% −0.20
DHR Danaher Corp. Reduce -3.2% 1.79% −0.17
GOOG Alphabet Inc. Class C Reduce -5.4% 0.72% −0.16
PANW Palo Alto Networks Inc. Reduce -5.3% 1.96% −0.13
EQIX Equinix Inc. Reduce -1.6% 1.11% −0.12
IQV Iqvia Holdings Inc. Reduce -4.8% 0.95% −0.10
MRK Merck & Co. Inc. Reduce -0.9% 1.52% −0.09
SNPS Synopsys Inc. Reduce -1.3% 0.96% −0.08
IWR iShares Russell Mid-Cap ETF Reduce -16.8% 0.27% −0.05
CSCO Cisco Systems Inc. Sold out 0.00% −0.03
HD Home Depot Inc. Reduce -7.1% 0.40% −0.03
IJR iShares Core S&P Small-Cap E Reduce -1.4% 0.55% −0.03
EOG EOG Resources Inc. Reduce -23.1% 0.18% −0.03
CEG Constellation Energy Reduce -0.6% 0.49% −0.03
MSCI MSCI Inc. Reduce -2.7% 0.82% −0.03
WAT Waters Corp. Sold out 0.00% −0.02
NKE Nike Inc. Class B Reduce -9.2% 0.10% −0.02
CSX CSX Corp. Sold out 0.00% −0.02
IGM iShares Expanded Tech Sector Sold out 0.00% −0.02
ITW Illinois Tool Works Sold out 0.00% −0.02
IJH iShares Core S&P Midcap ETF Reduce -2.8% 0.59% −0.02
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.02
VTEB Vanguard Tax-Exempt Bond ETF Reduce -14.3% 0.18% −0.02
IWF iShares Russell 1000 Growth Reduce -1.4% 0.31% −0.02
VLTO Veralto Corp. Reduce -20.7% 0.07% −0.02
LOW Lowe's Cos Inc. Reduce -5.7% 0.28% −0.02
BAC Bank of America Corp. Reduce -30.0% 0.04% −0.02
XPO Xpo Inc. Reduce -0.1% 0.10% −0.02
AVY Avery Dennison Corp. Reduce -10.6% 0.12% −0.01
RNR Renaissancere Holdings Ltd. Reduce -5.2% 0.39% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -19.1% 0.04% −0.01
PNC PNC Financial Services Group Reduce -2.3% 0.17% −0.01
ORCL Oracle Corp. Reduce -2.6% 0.07% −0.01
IWM iShares Russell 2000 ETF Reduce -2.0% 0.14% −0.01
ODFL Old Dominion Freight Line Reduce -0.7% 0.51% −0.01
NEE Nextera Energy Inc. Reduce -4.8% 1.61% −0.01
FISV Fiserv Inc. Reduce -12.6% 1.20% −0.01
ACN Accenture PLC Class A Reduce -3.6% 0.06% −0.01
PH Parker Hannifin Corp. Reduce -10.8% 0.05% −0.01
AGG iShares Core U.S. Aggregate Reduce -17.1% 0.04% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.9% 0.35% −0.00

Portfolio Buys Q4 2024 → Q1 2025
IQLT iShares MSCI International Q New 0.68% +0.68
NVDA Nvidia Corp. Add +238.1% 0.68% +0.44
ETN Eaton Corp. PLC Add +1309.0% 0.36% +0.33
VGIT Vanguard Intermediate-Term T Add +38.4% 0.73% +0.24
STE Steris PLC Add +3.4% 1.35% +0.23
VGSH Vanguard Short-Term Treasury Add +8.4% 1.03% +0.14
PAAA Pgim Aaa Clo ETF Add +21.3% 0.49% +0.11
XYL Xylem Inc. Add +1.5% 1.11% +0.11
APTV Aptiv PLC Add +63.1% 0.23% +0.10
PEP Pepsico Inc. Add +14.6% 0.51% +0.08
USFR Wisdomtree Floating Rate Tre Add +14.2% 0.35% +0.06
IDXX Idexx Laboratories Inc. Add +2.5% 0.62% +0.06
VCIT Vanguard Int-Term Corporate New 0.03% +0.03
DMAX iShares LG Cap Max Buff Dec New 0.03% +0.03
MRSH Marsh & McLennan Cos New 0.03% +0.03
IVE iShares S&P 500 Value ETF Add +51.5% 0.07% +0.02
ZTS Zoetis Inc. Add +1.7% 0.25% +0.02
XHLF Bondbloxx BBG 6 MTH US Treas Add +50.9% 0.05% +0.02
IVW iShares S&P 500 Growth ETF Add +11.3% 0.08% +0.01
ARRY Array Technologies Inc. Add +17.5% 0.02% 0.00
BLK BlackRock Inc. Add +1.6% 0.12% −0.00
AVUV Avantis US Small Cap Value Add +3.7% 0.12% −0.00
ADBE Adobe Inc. Add +0.7% 1.01% −0.09

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 170$941.9MGOOGL, AAPL, AMZN, AVGO, IVV
Q1 2026 164$876.9MGOOGL, AAPL, AMZN, AVGO, IVV
Q4 2025 163$941.8MGOOGL, AAPL, AMZN, AVGO, IVV
Q3 2025 166$925.3MAAPL, GOOGL, AMZN, AVGO, IVV
Q2 2025 161$890.3MAMZN, AAPL, GOOGL, AVGO, IVV
Q1 2025 156$856.0MAAPL, AMZN, GOOGL, IVV, V
Q4 2024 158$905.1MAAPL, AMZN, GOOGL, AVGO, IVV
Q3 2024 166$905.0MAAPL, AMZN, GOOGL, IVV, AVGO
Q2 2024 164$860.7MAAPL, AMZN, GOOGL, IVV, MSFT
Q1 2024 167$867.1MAMZN, AAPL, GOOGL, IVV, MSFT