Middleton & Co. Inc.

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Middleton & Co. Inc. reported 163 stock positions worth $941.8 million. Its top holding was Alphabet Class A (GOOGL) at 7.4% of the portfolio, followed by Apple (AAPL, 6.6%) and Amazon.com (AMZN, 6.0%). Compared with Q3 2025, it opened 2 new positions, sold out of 5, added to 35 and reduced 76. The biggest buy was Eli Lilly (LLY, shares +5%) and the biggest sale Fiserv (FISV, shares −84%).

Most Recent 13F: Q2 2026
Location: BOSTON, MA
CIK: 0000919497
Portfolio Value: $941.8M (Q4 2025)
SEC Filing: 0001398344-26-001587 ↗ filed Jan 29, 2026

Holdings Value

Holdings 163 stocks · $941.8M


GOOGL Alphabet Inc. Class A	7.37%	221,662	$69.4M	Reduce -2.0%
AAPL Apple Inc.	6.56%	227,411	$61.8M	Reduce -2.0%
AMZN Amazon.com Inc.	6.05%	246,702	$56.9M	Reduce -0.1%
AVGO Broadcom Inc.	4.75%	129,324	$44.8M	Reduce -4.1%
IVV iShares Core S&P 500 ETF	3.48%	47,853	$32.8M	Add +1.7%
MSFT Microsoft Corp.	2.96%	57,663	$27.9M	Reduce -0.2%
V Visa Inc. Class A	2.65%	71,111	$24.9M	Reduce -1.9%
JPM JPMorgan Chase & Co.	2.48%	72,583	$23.4M	Reduce -0.2%
COST Costco Wholesale Corp.	2.26%	24,665	$21.3M	Add +0.6%
ORLY O'reilly Automotive Inc.	1.95%	201,746	$18.4M	Reduce -1.2%
ABBV Abbvie Inc.	1.93%	79,398	$18.1M	Reduce -0.9%
PANW Palo Alto Networks Inc.	1.90%	97,109	$17.9M	Reduce -0.1%
CRM Salesforce Inc.	1.71%	60,859	$16.1M	Add +2.1%
DHR Danaher Corp.	1.67%	68,653	$15.7M	Reduce -1.0%
INTU Intuit Inc.	1.64%	23,367	$15.5M	Add +3.8%
MRK Merck & Co. Inc.	1.62%	145,353	$15.3M	Add +1.6%
NOW ServiceNow Inc.	1.61%	98,790	$15.1M	Reduce -0.1%
QCOM Qualcomm Inc.	1.57%	86,448	$14.8M	Add +0.7%
NEE Nextera Energy Inc.	1.51%	176,981	$14.2M	Reduce -1.8%
XOM Exxon Mobil Corp.	1.46%	114,399	$13.8M	Add +0.2%
LLY Eli Lilly & Co.	1.45%	12,680	$13.6M	Add +4.7%
SPGI S&P Global Inc.	1.40%	25,163	$13.1M	Add +19.6%
NVDA Nvidia Corp.	1.36%	68,739	$12.8M	Add +6.0%
BRK.B Berkshire Hathaway Inc. Class B	1.34%	25,084	$12.6M	Add +0.1%
IEF iShares 7-10 Year Treasury B	1.33%	130,393	$12.5M	Reduce -2.0%
STE Steris PLC	1.31%	48,484	$12.3M	Add +0.5%
XYL Xylem Inc.	1.17%	81,122	$11.0M	Add +0.3%
GOOG Alphabet Inc. Class C	1.11%	33,366	$10.5M	Reduce -4.3%
VGSH Vanguard Short-Term Treasury	1.11%	178,204	$10.5M	Add +8.1%
ADBE Adobe Inc.	1.10%	29,577	$10.4M	Add +5.1%
IQV Iqvia Holdings Inc.	1.09%	45,704	$10.3M	Add +0.3%
VRSK Verisk Analytics Inc.	1.08%	45,276	$10.1M	Add +10.6%
META Meta Platforms Inc. Class A	1.01%	14,409	$9.5M	Reduce -1.1%
EQIX Equinix Inc.	0.99%	12,166	$9.3M	Reduce -1.1%
AMT American Tower Corp.	0.96%	51,372	$9.0M	Reduce -5.4%
SNPS Synopsys Inc.	0.96%	19,170	$9.0M	Reduce -11.7%
IDXX Idexx Laboratories Inc.	0.94%	13,135	$8.9M	No change
VGIT Vanguard Intermediate-Term T	0.93%	145,620	$8.7M	Add +17.5%
SYK Stryker Corp.	0.87%	23,379	$8.2M	Add +8.3%
ECL Ecolab Inc.	0.86%	30,808	$8.1M	Reduce -0.7%
ETN Eaton Corp. PLC	0.80%	23,767	$7.6M	Add +8.2%
MSCI MSCI Inc.	0.76%	12,489	$7.2M	Reduce -0.3%
IQLT iShares MSCI International Q	0.76%	156,467	$7.1M	Add +5.7%
CEG Constellation Energy	0.72%	19,294	$6.8M	Add +0.0%
MDLZ Mondelez International Inc. Class A	0.68%	118,236	$6.4M	Reduce -5.9%
CB Chubb Ltd.	0.59%	17,686	$5.5M	Add +0.9%
AWK American Water Works Co. Inc.	0.58%	41,751	$5.4M	Add +24.6%
IJR iShares Core S&P Small-Cap E	0.56%	43,910	$5.3M	Add +0.4%
IJH iShares Core S&P Midcap ETF	0.55%	79,145	$5.2M	Reduce -0.1%
PEP Pepsico Inc.	0.51%	33,566	$4.8M	Add +2.8%
VCSH Vanguard S/T Corp. Bond ETF	0.50%	59,471	$4.7M	Reduce -7.8%
FTV Fortive Corp.	0.49%	84,080	$4.6M	Reduce -29.0%
PAAA Pgim Aaa Clo ETF	0.49%	90,425	$4.6M	Add +9.4%
WCN Waste Connections Inc.	0.49%	26,408	$4.6M	Add +24.3%
EXC Exelon Corp.	0.45%	96,936	$4.2M	Add +1.9%
ODFL Old Dominion Freight Line	0.44%	26,688	$4.2M	Add +3.9%
ABT Abbott Laboratories	0.43%	32,010	$4.0M	Reduce -0.5%
BR Broadridge Financial Solutio	0.38%	16,225	$3.6M	Reduce -0.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.38%	5,298	$3.6M	Reduce -1.9%
IWF iShares Russell 1000 Growth	0.37%	7,271	$3.4M	Reduce -0.1%
TMO Thermo Fisher Scientific Inc.	0.32%	5,137	$3.0M	Reduce -0.6%
ROP Roper Technologies Inc.	0.31%	6,472	$2.9M	Reduce -1.5%
LRCX Lam Research Corp.	0.29%	16,156	$2.8M	Reduce -0.5%
USFR Wisdomtree Floating Rate Tre	0.29%	53,530	$2.7M	Reduce -0.5%
HD Home Depot Inc.	0.28%	7,767	$2.7M	Reduce -9.0%
WSO Watsco Inc.	0.27%	7,510	$2.5M	Reduce -1.5%
ROL Rollins Inc.	0.26%	40,490	$2.4M	Reduce -2.0%
CVX Chevron Corp.	0.24%	15,131	$2.3M	Reduce -2.3%
MA Mastercard Inc. Class A	0.24%	4,033	$2.3M	Reduce -1.2%
IWR iShares Russell Mid-Cap ETF	0.24%	23,678	$2.3M	Reduce -0.9%
APTV Aptiv PLC	0.24%	29,947	$2.3M	Add +2.8%
BRK.A Berkshire Hathaway Inc. Class A	0.24%	3	$2.3M	No change
RNR Renaissancere Holdings Ltd.	0.23%	7,871	$2.2M	Reduce -4.9%
JNJ Johnson & Johnson	0.23%	10,538	$2.2M	Reduce -0.1%
RTX RTX Corp.	0.23%	11,567	$2.1M	Reduce -2.3%
LOW Lowe's Cos Inc.	0.20%	7,727	$1.9M	Reduce -1.6%
PG The Procter & Gamble Co.	0.19%	12,761	$1.8M	Reduce -0.7%
PNC PNC Financial Services Group	0.18%	7,978	$1.7M	Reduce -0.2%
MKC McCormick & Co.-Non VTG SHRS	0.17%	23,675	$1.6M	New
KR Kroger Co.	0.16%	23,946	$1.5M	Reduce -13.1%
MDY State Street SPDR S&P Midcap	0.15%	2,353	$1.4M	Reduce -0.8%
UNP Union Pacific Corp.	0.14%	5,828	$1.3M	Reduce -0.4%
ISHG iShares -3 Year Internationa	0.14%	17,843	$1.3M	Add +30.1%
BLK BlackRock Inc.	0.13%	1,131	$1.2M	Reduce -1.3%
IWD iShares Russell 1000 Value E	0.13%	5,696	$1.2M	No change
ADP Automatic Data Processing	0.13%	4,656	$1.2M	Reduce -0.5%
IWM iShares Russell 2000 ETF	0.13%	4,830	$1.2M	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.12%	10,034	$1.1M	Reduce -12.8%
WMT Walmart Inc.	0.12%	10,046	$1.1M	No change
XPO Xpo Inc.	0.11%	7,450	$1.0M	No change
MAXJ iShares LG Cap Max Buff Jun	0.11%	35,867	$1.0M	Reduce -0.7%
EOG EOG Resources Inc.	0.11%	9,578	$1.0M	Reduce -4.4%
RAL Ralliant Corp.	0.10%	18,389	$936K	Reduce -41.5%
AVUV Avantis US Small Cap Value	0.10%	9,156	$934K	Reduce -10.6%
NOC Northrop Grumman Corp.	0.10%	1,620	$924K	Reduce -0.6%
IVW iShares S&P 500 Growth ETF	0.10%	7,290	$899K	Reduce -3.3%
ZTS Zoetis Inc.	0.09%	6,989	$879K	Reduce -46.9%
AVY Avery Dennison Corp.	0.09%	4,660	$848K	Reduce -4.1%
PSA Public Storage	0.09%	3,209	$833K	Reduce -12.1%
GLDM SPDR Gold Minishares Trust	0.08%	9,151	$781K	No change

Show all 163 holdings

Portfolio Sells Q3 2025 → Q4 2025


FISV Fiserv Inc.	Reduce -84.2%	0.06%	−0.68
ORLY O'reilly Automotive Inc.	Reduce -1.2%	1.95%	−0.42
NOW ServiceNow Inc.	Reduce -0.1%	1.61%	−0.36
MSFT Microsoft Corp.	Reduce -0.2%	2.96%	−0.27
PANW Palo Alto Networks Inc.	Reduce -0.1%	1.90%	−0.24
SNPS Synopsys Inc.	Reduce -11.7%	0.96%	−0.20
MDLZ Mondelez International Inc. Class A	Reduce -5.9%	0.68%	−0.17
AMT American Tower Corp.	Reduce -5.4%	0.96%	−0.17
META Meta Platforms Inc. Class A	Reduce -1.1%	1.01%	−0.15
MNST Monster Beverage Corp.	Sold out	0.00%	−0.13
FTV Fortive Corp.	Reduce -29.0%	0.49%	−0.13
VTEB Vanguard Tax-Exempt Bond ETF	Reduce -70.7%	0.05%	−0.12
ZTS Zoetis Inc.	Reduce -46.9%	0.09%	−0.11
HD Home Depot Inc.	Reduce -9.0%	0.28%	−0.09
ABBV Abbvie Inc.	Reduce -0.9%	1.93%	−0.08
WSO Watsco Inc.	Reduce -1.5%	0.27%	−0.06
ECL Ecolab Inc.	Reduce -0.7%	0.86%	−0.06
IEF iShares 7-10 Year Treasury B	Reduce -2.0%	1.33%	−0.06
AVGO Broadcom Inc.	Reduce -4.1%	4.75%	−0.06
VCSH Vanguard S/T Corp. Bond ETF	Reduce -7.8%	0.50%	−0.05
EQIX Equinix Inc.	Reduce -1.1%	0.99%	−0.05
RAL Ralliant Corp.	Reduce -41.5%	0.10%	−0.05
ROP Roper Technologies Inc.	Reduce -1.5%	0.31%	−0.05
SBUX Starbucks Corp.	Reduce -36.1%	0.08%	−0.05
KR Kroger Co.	Reduce -13.1%	0.16%	−0.04
ABT Abbott Laboratories	Reduce -0.5%	0.43%	−0.04
BR Broadridge Financial Solutio	Reduce -0.9%	0.38%	−0.04
ORCL Oracle Corp.	Reduce -3.2%	0.07%	−0.04
STIP iShares 0-5 Year Tips Bond E	Reduce -40.0%	0.04%	−0.03
URI United Rentals Inc.	Reduce -34.8%	0.03%	−0.03
V Visa Inc. Class A	Reduce -1.9%	2.65%	−0.03
EW Edwards Lifesciences Corp.	Sold out	0.00%	−0.03
PSA Public Storage	Reduce -12.1%	0.09%	−0.03
CAT Caterpillar Inc.	Sold out	0.00%	−0.03
GXO Gxo Logistics Inc.	Sold out	0.00%	−0.02
HON Honeywell International Inc.	Sold out	0.00%	−0.02
ADP Automatic Data Processing	Reduce -0.5%	0.13%	−0.02
DIS The Walt Disney Co.	Reduce -12.8%	0.12%	−0.02
PG The Procter & Gamble Co.	Reduce -0.7%	0.19%	−0.02
BLK BlackRock Inc.	Reduce -1.3%	0.13%	−0.02
LOW Lowe's Cos Inc.	Reduce -1.6%	0.20%	−0.02
CVX Chevron Corp.	Reduce -2.3%	0.24%	−0.01
EOG EOG Resources Inc.	Reduce -4.4%	0.11%	−0.01
PAYX Paychex Inc.	Reduce -2.3%	0.06%	−0.01
AVUV Avantis US Small Cap Value	Reduce -10.6%	0.10%	−0.01
ELV Elevance Health Inc.	Reduce -24.6%	0.04%	−0.01
TIP iShares Tips Bond ETF	Reduce -17.9%	0.04%	−0.01
NOC Northrop Grumman Corp.	Reduce -0.6%	0.10%	−0.01
APD Air Products & Chemicals Inc.	Reduce -2.1%	0.06%	−0.01
NKE Nike Inc. Class B	Reduce -7.9%	0.04%	−0.01

Portfolio Buys Q3 2025 → Q4 2025


LLY Eli Lilly & Co.	Add +4.7%	1.45%	+0.45
MRK Merck & Co. Inc.	Add +1.6%	1.62%	+0.33
SPGI S&P Global Inc.	Add +19.6%	1.40%	+0.29
CRM Salesforce Inc.	Add +2.1%	1.71%	+0.18
MKC McCormick & Co.-Non VTG SHRS	New	0.17%	+0.17
IQV Iqvia Holdings Inc.	Add +0.3%	1.09%	+0.16
VGIT Vanguard Intermediate-Term T	Add +17.5%	0.93%	+0.12
WCN Waste Connections Inc.	Add +24.3%	0.49%	+0.09
IVV iShares Core S&P 500 ETF	Add +1.7%	3.48%	+0.08
AWK American Water Works Co. Inc.	Add +24.6%	0.58%	+0.07
XOM Exxon Mobil Corp.	Add +0.2%	1.46%	+0.07
VGSH Vanguard Short-Term Treasury	Add +8.1%	1.11%	+0.06
ODFL Old Dominion Freight Line	Add +3.9%	0.44%	+0.05
NVDA Nvidia Corp.	Add +6.0%	1.36%	+0.05
CB Chubb Ltd.	Add +0.9%	0.59%	+0.05
IQLT iShares MSCI International Q	Add +5.7%	0.76%	+0.05
CEG Constellation Energy	Add +0.0%	0.72%	+0.04
PAAA Pgim Aaa Clo ETF	Add +9.4%	0.49%	+0.03
ISHG iShares -3 Year Internationa	Add +30.1%	0.14%	+0.03
ADBE Adobe Inc.	Add +5.1%	1.10%	+0.03
QCOM Qualcomm Inc.	Add +0.7%	1.57%	+0.03
WFC Wells Fargo & Co.	New	0.02%	+0.02
UBER Uber Technologies Inc.	Add +73.0%	0.06%	+0.02
PEP Pepsico Inc.	Add +2.8%	0.51%	+0.02
STE Steris PLC	Add +0.5%	1.31%	+0.02
MRSH Marsh & McLennan Cos	Add +49.4%	0.05%	+0.01
SYK Stryker Corp.	Add +8.3%	0.87%	+0.01
IVE iShares S&P 500 Value ETF	Add +0.6%	0.08%	+0.00
IJR iShares Core S&P Small-Cap E	Add +0.4%	0.56%	−0.00
EXC Exelon Corp.	Add +1.9%	0.45%	−0.01
INTU Intuit Inc.	Add +3.8%	1.64%	−0.02
BRK.B Berkshire Hathaway Inc. Class B	Add +0.1%	1.34%	−0.02
APTV Aptiv PLC	Add +2.8%	0.24%	−0.03
VRSK Verisk Analytics Inc.	Add +10.6%	1.08%	−0.04
ETN Eaton Corp. PLC	Add +8.2%	0.80%	−0.08
XYL Xylem Inc.	Add +0.3%	1.17%	−0.12
COST Costco Wholesale Corp.	Add +0.6%	2.26%	−0.19

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	170	$941.9M	GOOGL, AAPL, AMZN, AVGO, IVV
Q1 2026	164	$876.9M	GOOGL, AAPL, AMZN, AVGO, IVV
Q4 2025	163	$941.8M	GOOGL, AAPL, AMZN, AVGO, IVV
Q3 2025	166	$925.3M	AAPL, GOOGL, AMZN, AVGO, IVV
Q2 2025	161	$890.3M	AMZN, AAPL, GOOGL, AVGO, IVV
Q1 2025	156	$856.0M	AAPL, AMZN, GOOGL, IVV, V
Q4 2024	158	$905.1M	AAPL, AMZN, GOOGL, AVGO, IVV
Q3 2024	166	$905.0M	AAPL, AMZN, GOOGL, IVV, AVGO
Q2 2024	164	$860.7M	AAPL, AMZN, GOOGL, IVV, MSFT
Q1 2024	167	$867.1M	AMZN, AAPL, GOOGL, IVV, MSFT