Portland Global Advisors LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Portland Global Advisors LLC reported 134 stock positions worth $790.2 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.7% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 5.4%) and State Street SPDR S&P Midcap (MDY, 5.1%). Compared with Q3 2024, it opened 5 new positions, sold out of 6, added to 40 and reduced 58. The biggest buy was iShares Gnma Bond ETF (GNMA, shares +155%) and the biggest sale an exit from Diageo PLC-Sponsored ADR (DEO).

Most Recent 13F
Q2 2026
Location
PORTLAND, ME
CIK
0001504941
Portfolio Value
$790.2M (Q4 2024)
SEC Filing
0001504941-25-000001 ↗ filed Feb 12, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $733.6M Q1 2024 Q2 2024: $737.0M Q2 2024 Q3 2024: $795.5M Q3 2024 Q4 2024: $790.2M $790.2M Q4 2024 Q1 2025: $793.7M Q1 2025 Q2 2025: $849.4M Q2 2025 Q3 2025: $895.6M Q3 2025 Q4 2025: $931.7M Q4 2025 Q1 2026: $938.1M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 134 stocks · $790.2M
SPY SS SPDR S&P 500 ETF Trust-US 9.66% 130,254 $76.3M Reduce -1.8%
IJH iShares Core S&P Midcap ETF 5.39% 683,771 $42.6M Add +1.1%
MDY State Street SPDR S&P Midcap 5.05% 70,064 $39.9M Reduce -2.2%
IVV iShares Core S&P 500 ETF 4.77% 63,975 $37.7M Reduce -0.4%
VGSH Vanguard Short-Term Treasury 4.49% 609,187 $35.4M Add +14.9%
VGIT Vanguard Intermediate-Term T 4.39% 598,180 $34.7M Add +16.8%
SPTS SS SPDR P St Term TSY ETF 4.39% 1,194,790 $34.7M Add +16.3%
SPTI SS SPDR P Int Term TSY ETF 4.30% 1,219,842 $34.0M Add +17.4%
IEFA iShares Core MSCI Eafe ETF 2.53% 284,249 $20.0M Add +3.8%
VWO Vanguard Ftse Emerging Marke 2.52% 451,834 $19.9M Reduce -8.5%
EFA iShares MSCI Eafe ETF 2.33% 244,005 $18.4M Reduce -1.6%
STIP iShares 0-5 Year Tips Bond E 2.29% 179,622 $18.1M Add +8.6%
VTIP Vanguard Short-Term Tips 2.23% 364,373 $17.6M Add +8.7%
VTI VG Morningstar TS MKT ETF-US 2.16% 58,931 $17.1M Reduce -0.3%
IEF iShares 7-10 Year Treasury B 2.15% 183,848 $17.0M Add +5.3%
IWM iShares Russell 2000 ETF 2.11% 75,311 $16.6M Add +0.5%
GNMA iShares Gnma Bond ETF 1.98% 364,378 $15.6M Add +154.9%
MSFT Microsoft Corp. 1.96% 36,670 $15.5M Add +0.4%
VEA Vanguard Ftse Developed ETF 1.81% 299,599 $14.3M Reduce -0.2%
IEMG iShares Core MSCI Emerging 1.60% 242,881 $12.7M Add +5.6%
VSS Vanguard Ftse All Wo X-US SC 1.57% 108,720 $12.4M Add +4.6%
HUBB Hubbell Inc. 1.42% 26,796 $11.2M Reduce -3.7%
AAPL Apple Inc. 1.24% 38,983 $9.8M Reduce -4.6%
PANW Palo Alto Networks Inc. 1.17% 50,989 $9.3M Reduce -1.9%
CRWD CrowdStrike Holdings Inc. Class A 1.17% 26,951 $9.2M Reduce -0.3%
ROK Rockwell Automation Inc. 1.11% 30,818 $8.8M Reduce -0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.08% 38,761 $8.5M Reduce -1.0%
FDX FedEx Corp. 1.02% 28,541 $8.0M Reduce -0.9%
EEM iShares MSCI Emerging Market 0.98% 184,422 $7.7M Reduce -9.5%
CHKP Check Point Software Tech 0.96% 40,606 $7.6M Add +0.2%
TXN Texas Instruments Inc. 0.91% 38,361 $7.2M Reduce -0.7%
CHD Church & Dwight Co. Inc. 0.89% 67,324 $7.0M Reduce -0.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.87% 89,642 $6.9M Reduce -1.7%
DGS Wisdomtree Em Small Cap 0.80% 129,427 $6.3M Add +2.6%
BILS SS Spdrb B 3-12M T-Bill ETF 0.80% 63,487 $6.3M Reduce -43.0%
AMGN Amgen Inc. 0.78% 23,755 $6.2M Add +0.9%
UL Unilever PLC 0.77% 107,066 $6.1M Add +1.1%
NSC Norfolk Southern Corp. 0.73% 24,667 $5.8M Reduce -0.7%
XYL Xylem Inc. 0.66% 44,979 $5.2M Add +0.9%
MELI MercadoLibre Inc. 0.65% 3,040 $5.2M Add +2.4%
HSY The Hershey Co. 0.63% 29,275 $5.0M Add +0.9%
ETN Eaton Corp. PLC 0.54% 12,830 $4.3M Add +0.0%
VEU Vanguard Ftse All-World Ex-U 0.52% 71,273 $4.1M No change
MKC McCormick & Co.-Non VTG SHRS 0.50% 52,139 $4.0M Add +0.7%
EWJ iShares MSCI Japan ETF 0.49% 57,633 $3.9M Add +1.8%
FMX Fomento Economico Mex-SP ADR 0.43% 39,762 $3.4M Reduce -12.6%
AMZN Amazon.com Inc. 0.42% 15,285 $3.4M Reduce -0.3%
SGOV iShares 0-3 Month Treasury B 0.42% 32,771 $3.3M Reduce -44.4%
CB Chubb Ltd. 0.35% 10,137 $2.8M Reduce -0.7%
GNOM Global X Genomics & Biotechn 0.33% 268,988 $2.6M Add +3.6%
BDX Becton Dickinson and Co. 0.30% 10,621 $2.4M Reduce -20.9%
IBTH iShares Ibonds Dec 2027 Term 0.27% 96,425 $2.1M New
IBTG iShares Ibonds Dec 2026 Term 0.27% 91,933 $2.1M Add +15.8%
IBTF iShares Ibonds Dec 2025 Term 0.26% 89,781 $2.1M Add +16.0%
VOO Vanguard S&P 500 ETF 0.26% 3,880 $2.1M Add +1.5%
BRK.B Berkshire Hathaway Inc. Class B 0.25% 4,435 $2.0M Add +0.1%
IJR iShares Core S&P Small-Cap E 0.23% 16,021 $1.8M Reduce -3.1%
IWV iShares Russell 3000 ETF 0.22% 5,275 $1.8M Reduce -0.4%
MCD McDonald's Corp. 0.19% 5,158 $1.5M Reduce -12.8%
NFLX Netflix Inc. 0.18% 1,626 $1.4M Add +0.3%
ESGD iShares Trust iShares ESG Aw 0.18% 18,800 $1.4M Reduce -0.2%
SUSA iShares ESG Optimized MSCI U 0.18% 11,700 $1.4M Reduce -0.2%
BRK.A Berkshire Hathaway Inc. Class A 0.17% 2 $1.4M No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.17% 5,029 $1.3M Reduce -1.8%
MRK Merck & Co. Inc. 0.16% 12,982 $1.3M Reduce -9.8%
XOM Exxon Mobil Corp. 0.16% 11,832 $1.3M Add +0.1%
PG The Procter & Gamble Co. 0.15% 7,303 $1.2M Reduce -9.0%
SHEL Shell PLC-ADR 0.15% 19,535 $1.2M Reduce -12.3%
JNJ Johnson & Johnson 0.14% 7,635 $1.1M Reduce -1.7%
EPI Wisdomtree India Earnings 0.14% 23,980 $1.1M Reduce -3.9%
USB US Bancorp 0.13% 21,962 $1.1M No change
SHW The Sherwin-Williams Co. 0.13% 2,969 $1.0M No change
GOOGL Alphabet Inc. Class A 0.12% 5,071 $960K Add +1.5%
JPM JPMorgan Chase & Co. 0.11% 3,738 $896K Add +0.3%
ESML iShares ESG Aware MSCI USA S 0.11% 20,690 $870K No change
ADI Analog Devices Inc. 0.11% 4,014 $853K Add +1.3%
GOOG Alphabet Inc. Class C 0.10% 4,189 $798K Add +2.1%
HON Honeywell International Inc. 0.10% 3,453 $780K Reduce -0.5%
IDXX Idexx Laboratories Inc. 0.10% 1,856 $767K Reduce -0.1%
FITB Fifth Third Bancorp 0.09% 16,274 $688K Reduce -4.0%
XJH Ishare ESG SS S&P Midcap ETF 0.08% 14,980 $627K Reduce -0.4%
OEF iShares S&P 100 ETF 0.08% 2,166 $626K Reduce -1.1%
DVY iShares Select Dividend ETF 0.08% 4,750 $624K Reduce -1.1%
TSM Taiwan Semiconductor-SP ADR 0.08% 3,078 $608K Reduce -2.4%
EMR Emerson Electric Co. 0.08% 4,895 $607K No change
MMM 3M Co. 0.08% 4,686 $605K Reduce -4.9%
LLY Eli Lilly & Co. 0.07% 732 $565K Add +0.6%
VYM Vanguard High DVD Yield ETF 0.07% 4,099 $523K No change
CTAS Cintas Corp. 0.07% 2,860 $523K No change
IWC iShares Micro-Cap ETF 0.06% 3,867 $504K Reduce -2.4%
IWF iShares Russell 1000 Growth 0.06% 1,249 $502K Reduce -0.6%
VOTE TCW Transform 500 ETF 0.06% 7,270 $500K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.06% 8,745 $485K Reduce -0.0%
ORCL Oracle Corp. 0.06% 2,875 $479K Reduce -3.4%
GIS General Mills Inc. 0.06% 7,204 $459K Reduce -0.4%
CSL Carlisle Cos Inc. 0.06% 1,200 $443K No change
K Kellanova 0.06% 5,430 $440K No change
ESGE iShares Inc. iShares ESG Awar 0.05% 12,910 $431K Reduce -0.8%
HD Home Depot Inc. 0.05% 1,055 $410K Add +1.4%
GE General Electric filed as GE AEROSPACE 0.05% 2,426 $405K Reduce -14.2%
MATX Matson Inc. 0.05% 2,971 $401K No change
ATNI Atn International Inc. 0.05% 23,787 $400K No change
COST Costco Wholesale Corp. 0.05% 428 $392K Add +0.2%
INTC Intel Corp. 0.05% 19,414 $389K Reduce -0.0%
IVW iShares S&P 500 Growth ETF 0.04% 3,450 $350K Reduce -9.9%
JUST Goldman Sachs Just US LRG 0.04% 4,170 $347K Reduce -1.2%
UNM Unum Group 0.04% 4,723 $345K Reduce -32.5%
PM Philip Morris International 0.04% 2,755 $332K No change
ACWI iShares MSCI Acwi ETF 0.04% 2,726 $320K No change
BMY Bristol-Myers Squibb Co. 0.04% 5,419 $306K Add +7.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.04% 743 $305K No change
VTWV Vanguard Russell 2000 Value 0.04% 2,100 $304K No change
APO Apollo Global Management Inc. 0.04% 1,800 $297K No change
SONY Sony Group Corp. - SP ADR 0.04% 13,735 $291K Reduce -6.8%
DOV Dover Corp. 0.04% 1,545 $290K Reduce -10.2%
IJJ iShares S&P Mid-Cap 400 Valu 0.04% 2,312 $289K No change
AMAT Applied Materials Inc. 0.03% 1,631 $265K No change
ROP Roper Technologies Inc. 0.03% 509 $265K No change
IWP iShares Russell Mid-Cap Grow 0.03% 2,026 $257K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 1,500 $254K No change
NEE Nextera Energy Inc. 0.03% 3,507 $251K No change
SPGI S&P Global Inc. 0.03% 490 $244K No change
WAT Waters Corp. 0.03% 657 $244K Reduce -19.0%
GEV GE Vernova Inc. 0.03% 705 $232K New
IVE iShares S&P 500 Value ETF 0.03% 1,189 $227K No change
QCOM Qualcomm Inc. 0.03% 1,463 $225K Add +1.8%
ABT Abbott Laboratories 0.03% 1,911 $216K No change
V Visa Inc. Class A 0.03% 680 $215K New
TMO Thermo Fisher Scientific Inc. 0.03% 405 $211K No change
IWO iShares Russell 2000 Growth 0.03% 727 $209K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 1,716 $207K New
PNC PNC Financial Services Group 0.03% 1,073 $207K New
IWN iShares Russell 2000 Value E 0.03% 1,240 $204K No change
ENTA Enanta Pharmaceuticals Inc. 0.02% 33,185 $191K No change

Portfolio Sells Q3 2024 → Q4 2024
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.69
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -43.0% 0.80% −0.60
VWO Vanguard Ftse Emerging Marke Reduce -8.5% 2.52% −0.45
SGOV iShares 0-3 Month Treasury B Reduce -44.4% 0.42% −0.33
EFA iShares MSCI Eafe ETF Reduce -1.6% 2.33% −0.27
IBTE iShares Ibonds Dec 2024 Term Sold out 0.00% −0.22
EEM iShares MSCI Emerging Market Reduce -9.5% 0.98% −0.20
VEA Vanguard Ftse Developed ETF Reduce -0.2% 1.81% −0.18
FMX Fomento Economico Mex-SP ADR Reduce -12.6% 0.43% −0.13
BDX Becton Dickinson and Co. Reduce -20.9% 0.30% −0.10
TXN Texas Instruments Inc. Reduce -0.7% 0.91% −0.09
TEVOGEN BIO HLDGS INC Sold out 0.00% −0.09
MDY State Street SPDR S&P Midcap Reduce -2.2% 5.05% −0.08
HUBB Hubbell Inc. Reduce -3.7% 1.42% −0.08
NSC Norfolk Southern Corp. Reduce -0.7% 0.73% −0.04
MRK Merck & Co. Inc. Reduce -9.8% 0.16% −0.04
MCD McDonald's Corp. Reduce -12.8% 0.19% −0.04
VOE Vngrd Mrngstr MD-Cap Val ETF Sold out 0.00% −0.03
SHEL Shell PLC-ADR Reduce -12.3% 0.15% −0.03
FNLC First Bancorp Inc. Sold out 0.00% −0.03
EWX State Street SPDR S&P Emergi Sold out 0.00% −0.03
EPI Wisdomtree India Earnings Reduce -3.9% 0.14% −0.02
IDXX Idexx Laboratories Inc. Reduce -0.1% 0.10% −0.02
PG The Procter & Gamble Co. Reduce -9.0% 0.15% −0.02
JNJ Johnson & Johnson Reduce -1.7% 0.14% −0.02
ESGD iShares Trust iShares ESG Aw Reduce -0.2% 0.18% −0.02
GE General Electric Reduce -14.2% 0.05% −0.02
CB Chubb Ltd. Reduce -0.7% 0.35% −0.02
IJR iShares Core S&P Small-Cap E Reduce -3.1% 0.23% −0.01
IBM Intl Business Machines Corp. Reduce -1.0% 1.08% −0.01
GIS General Mills Inc. Reduce -0.4% 0.06% −0.01
UNM Unum Group Reduce -32.5% 0.04% −0.01
MMM 3M Co. Reduce -4.9% 0.08% −0.01
INTC Intel Corp. Reduce -0.0% 0.05% −0.01
EMXC iShares MSCI Emr MRK Ex Chna Reduce -0.0% 0.06% −0.01
WAT Waters Corp. Reduce -19.0% 0.03% −0.01
ESGE iShares Inc. iShares ESG Awar Reduce -0.8% 0.05% −0.01
DOV Dover Corp. Reduce -10.2% 0.04% −0.00
FITB Fifth Third Bancorp Reduce -4.0% 0.09% −0.00
ORCL Oracle Corp. Reduce -3.4% 0.06% −0.00
DVY iShares Select Dividend ETF Reduce -1.1% 0.08% −0.00
IVW iShares S&P 500 Growth ETF Reduce -9.9% 0.04% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -1.8% 0.17% −0.00
XJH Ishare ESG SS S&P Midcap ETF Reduce -0.4% 0.08% −0.00
JUST Goldman Sachs Just US LRG Reduce -1.2% 0.04% +0.00
SONY Sony Group Corp. - SP ADR Reduce -6.8% 0.04% +0.00
IWC iShares Micro-Cap ETF Reduce -2.4% 0.06% +0.00
SUSA iShares ESG Optimized MSCI U Reduce -0.2% 0.18% +0.00
OEF iShares S&P 100 ETF Reduce -1.1% 0.08% +0.00
IWF iShares Russell 1000 Growth Reduce -0.6% 0.06% +0.00

Portfolio Buys Q3 2024 → Q4 2024
GNMA iShares Gnma Bond ETF Add +154.9% 1.98% +1.17
SPTS SS SPDR P St Term TSY ETF Add +16.3% 4.39% +0.59
VGSH Vanguard Short-Term Treasury Add +14.9% 4.49% +0.55
SPTI SS SPDR P Int Term TSY ETF Add +17.4% 4.30% +0.51
VGIT Vanguard Intermediate-Term T Add +16.8% 4.39% +0.50
IBTH iShares Ibonds Dec 2027 Term New 0.27% +0.27
STIP iShares 0-5 Year Tips Bond E Add +8.6% 2.29% +0.18
VTIP Vanguard Short-Term Tips Add +8.7% 2.23% +0.16
IJH iShares Core S&P Midcap ETF Add +1.1% 5.39% +0.10
NFLX Netflix Inc. Add +0.3% 0.18% +0.04
IBTF iShares Ibonds Dec 2025 Term Add +16.0% 0.26% +0.04
IBTG iShares Ibonds Dec 2026 Term Add +15.8% 0.27% +0.04
GEV GE Vernova Inc. New 0.03% +0.03
V Visa Inc. Class A New 0.03% +0.03
PNC PNC Financial Services Group New 0.03% +0.03
TJX TJX Companies Inc. New 0.03% +0.03
IWM iShares Russell 2000 ETF Add +0.5% 2.11% +0.02
GOOGL Alphabet Inc. Class A Add +1.5% 0.12% +0.02
GOOG Alphabet Inc. Class C Add +2.1% 0.10% +0.01
JPM JPMorgan Chase & Co. Add +0.3% 0.11% +0.01
VOO Vanguard S&P 500 ETF Add +1.5% 0.26% +0.01
BMY Bristol-Myers Squibb Co. Add +7.2% 0.04% +0.01
ETN Eaton Corp. PLC Add +0.0% 0.54% +0.00
COST Costco Wholesale Corp. Add +0.2% 0.05% +0.00
HD Home Depot Inc. Add +1.4% 0.05% −0.00
BRK.B Berkshire Hathaway Inc. Class B Add +0.1% 0.25% −0.00
QCOM Qualcomm Inc. Add +1.8% 0.03% −0.00
IEF iShares 7-10 Year Treasury B Add +5.3% 2.15% −0.00
ADI Analog Devices Inc. Add +1.3% 0.11% −0.01
LLY Eli Lilly & Co. Add +0.6% 0.07% −0.01
XOM Exxon Mobil Corp. Add +0.1% 0.16% −0.01
EWJ iShares MSCI Japan ETF Add +1.8% 0.49% −0.02
MSFT Microsoft Corp. Add +0.4% 1.96% −0.02
CHKP Check Point Software Tech Add +0.2% 0.96% −0.02
MKC McCormick & Co.-Non VTG SHRS Add +0.7% 0.50% −0.03
GNOM Global X Genomics & Biotechn Add +3.6% 0.33% −0.04
DGS Wisdomtree Em Small Cap Add +2.6% 0.80% −0.05
IEMG iShares Core MSCI Emerging Add +5.6% 1.60% −0.05
VSS Vanguard Ftse All Wo X-US SC Add +4.6% 1.57% −0.07
HSY The Hershey Co. Add +0.9% 0.63% −0.07
XYL Xylem Inc. Add +0.9% 0.66% −0.10
UL Unilever PLC Add +1.1% 0.77% −0.10
MELI MercadoLibre Inc. Add +2.4% 0.65% −0.11
IEFA iShares Core MSCI Eafe ETF Add +3.8% 2.53% −0.16
AMGN Amgen Inc. Add +0.9% 0.78% −0.17

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 154$1.1BSPY, IJH, IVV, MDY, SPTS
Q1 2026 146$938.1MSPY, IJH, SPTS, VGSH, IVV
Q4 2025 150$931.7MSPY, IJH, SPTS, VGSH, IVV
Q3 2025 146$895.6MSPY, IJH, VGSH, IVV, SPTS
Q2 2025 140$849.4MSPY, IJH, VGSH, SPTS, IVV
Q1 2025 130$793.7MSPY, IJH, VGSH, SPTS, VGIT
Q4 2024 134$790.2MSPY, IJH, MDY, IVV, VGSH
Q3 2024 135$795.5MSPY, IJH, MDY, IVV, VGSH
Q2 2024 130$737.0MSPY, MDY, IJH, IVV, VGIT
Q1 2024 134$733.6MSPY, MDY, IJH, IVV, VGIT