Middleton & Co. Inc.

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

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 Q1 2025 Q2 2025: $890.3M Q2 2025 Q3 2025: $925.3M Q3 2025 Q4 2025: $941.8M $941.8M Q4 2025 Q1 2026: $876.9M Q1 2026 Q2 2026: $941.9M Q2 2026

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
SBUX Starbucks Corp. 0.08% 8,899 $749K Reduce -36.1%
IVE iShares S&P 500 Value ETF 0.08% 3,400 $721K Add +0.6%
ORCL Oracle Corp. 0.07% 3,300 $643K Reduce -3.2%
IBB iShares Biotechnology ETF 0.06% 3,600 $608K No change
PAYX Paychex Inc. 0.06% 5,410 $607K Reduce -2.3%
UBER Uber Technologies Inc. 0.06% 7,110 $581K Add +73.0%
APD Air Products & Chemicals Inc. 0.06% 2,348 $580K Reduce -2.1%
FISV Fiserv Inc. 0.06% 8,378 $563K Reduce -84.2%
CGW Invesco S&P Global Water Ind 0.06% 8,418 $530K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 1,777 $526K No change
IWP iShares Russell Mid-Cap Grow 0.06% 3,819 $523K No change
VLTO Veralto Corp. 0.05% 4,988 $498K Reduce -3.3%
PH Parker Hannifin Corp. 0.05% 550 $483K Reduce -5.2%
MTD Mettler-Toledo International 0.05% 345 $481K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.05% 9,100 $458K Reduce -70.7%
MRSH Marsh & McLennan Cos 0.05% 2,443 $453K Add +49.4%
VB Vanguard Most SM-Cap ETF-Usd 0.05% 1,730 $446K No change
GLD SPDR Gold Shares 0.05% 1,112 $441K No change
ISRG Intuitive Surgical Inc. 0.05% 772 $437K No change
QQQ Invesco QQQ Trust Series 1 0.05% 710 $436K No change
ACN Accenture PLC Class A 0.05% 1,615 $433K No change
STIP iShares 0-5 Year Tips Bond E 0.04% 4,101 $420K Reduce -40.0%
CI The Cigna Group 0.04% 1,524 $419K No change
HEQT Simplify Hedged Equity ETF 0.04% 13,025 $417K No change
ELV Elevance Health Inc. 0.04% 1,150 $403K Reduce -24.6%
XHLF Bondbloxx BBG 6 MTH US Treas 0.04% 8,000 $402K No change
AXP American Express Co. 0.04% 1,085 $401K Reduce -3.6%
NKE Nike Inc. Class B 0.04% 6,153 $392K Reduce -7.9%
TIP iShares Tips Bond ETF 0.04% 3,484 $383K Reduce -17.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 6,774 $373K No change
KO The Coca-Cola Co. 0.04% 5,325 $372K No change
ICE Intercontinental Exchange Inc. 0.04% 2,128 $345K No change
KKR KKR & Co. Inc. 0.04% 2,622 $334K No change
AGG iShares Core U.S. Aggregate 0.03% 3,250 $325K No change
PLD Prologis Inc. 0.03% 2,500 $319K No change
EPAM Epam Systems Inc. 0.03% 1,555 $319K No change
WELL Welltower Inc. 0.03% 1,700 $316K No change
NXPI NXP Semiconductors NV 0.03% 1,448 $314K No change
KLAC KLA Corp. 0.03% 250 $304K No change
URI United Rentals Inc. 0.03% 375 $303K Reduce -34.8%
AMGN Amgen Inc. 0.03% 906 $297K Reduce -15.8%
BKNG Booking Holdings Inc. 0.03% 52 $278K No change
AZO AutoZone Inc. 0.03% 79 $268K No change
IGV iShares Expanded Tech-Softwa 0.03% 2,500 $264K No change
IGM iShares Expanded Tech Sector 0.03% 2,000 $258K No change
DMAX iShares LG Cap Max Buff Dec 0.03% 9,550 $255K No change
CL Colgate-Palmolive Co. 0.03% 3,220 $254K No change
CSCO Cisco Systems Inc. 0.03% 3,197 $246K No change
CSX CSX Corp. 0.03% 6,775 $246K No change
VCIT Vanguard Int-Term Corporate 0.03% 2,875 $241K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.03% 4,511 $239K No change
DVY iShares Select Dividend ETF 0.03% 1,675 $236K No change
VTI VG Morningstar TS MKT ETF-US 0.02% 697 $234K No change
BX Blackstone Inc. 0.02% 1,500 $231K No change
CVS CVS Health Corp. 0.02% 2,900 $230K No change
MCD McDonald's Corp. 0.02% 746 $228K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 784 $228K No change
WFC Wells Fargo & Co. 0.02% 2,310 $215K New
EFA iShares MSCI Eafe ETF 0.02% 2,235 $215K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 1,386 $213K Reduce -9.8%
ANET Arista Networks Inc. 0.02% 1,600 $210K No change
NYF iShares New York Muni Bond E 0.02% 3,800 $203K No change
ARRY Array Technologies Inc. 0.02% 17,250 $159K No change

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

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