Portland Global Advisors LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Portland Global Advisors LLC reported 130 stock positions worth $793.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.0% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 5.2%) and Vanguard Short-Term Treasury (VGSH, 4.9%). Compared with Q4 2024, it opened 1 new position, sold out of 5, added to 41 and reduced 54. The biggest buy was Vanguard Short-Term Treasury (VGSH, shares +9%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −2%).

Most Recent 13F
Q2 2026
Location
PORTLAND, ME
CIK
0001504941
Portfolio Value
$793.7M (Q1 2025)
SEC Filing
0001504941-25-000005 ↗ filed May 7, 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 Q4 2024 Q1 2025: $793.7M $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 130 stocks · $793.7M
SPY SS SPDR S&P 500 ETF Trust-US 9.01% 127,851 $71.5M Reduce -1.8%
IJH iShares Core S&P Midcap ETF 5.19% 705,870 $41.2M Add +3.2%
VGSH Vanguard Short-Term Treasury 4.92% 665,744 $39.1M Add +9.3%
SPTS SS SPDR P St Term TSY ETF 4.79% 1,299,402 $38.0M Add +8.8%
VGIT Vanguard Intermediate-Term T 4.69% 626,132 $37.2M Add +4.7%
MDY State Street SPDR S&P Midcap 4.66% 69,301 $37.0M Reduce -1.1%
SPTI SS SPDR P Int Term TSY ETF 4.61% 1,281,396 $36.6M Add +5.0%
IVV iShares Core S&P 500 ETF 4.58% 64,638 $36.3M Add +1.0%
IEFA iShares Core MSCI Eafe ETF 2.91% 305,797 $23.1M Add +7.6%
VWO Vanguard Ftse Emerging Marke 2.52% 442,522 $20.0M Reduce -2.1%
EFA iShares MSCI Eafe ETF 2.51% 243,289 $19.9M Reduce -0.3%
STIP iShares 0-5 Year Tips Bond E 2.38% 182,440 $18.9M Add +1.6%
VTIP Vanguard Short-Term Tips 2.33% 369,924 $18.5M Add +1.5%
IEF iShares 7-10 Year Treasury B 2.29% 190,471 $18.2M Add +3.6%
GNMA iShares Gnma Bond ETF 2.05% 371,239 $16.3M Add +1.9%
VTI VG Morningstar TS MKT ETF-US 1.96% 56,576 $15.5M Reduce -4.0%
IWM iShares Russell 2000 ETF 1.92% 76,573 $15.3M Add +1.7%
VEA Vanguard Ftse Developed ETF 1.92% 299,638 $15.2M Add +0.0%
MSFT Microsoft Corp. 1.71% 36,172 $13.6M Reduce -1.4%
IEMG iShares Core MSCI Emerging 1.67% 245,150 $13.2M Add +0.9%
VSS Vanguard Ftse All Wo X-US SC 1.64% 112,679 $13.0M Add +3.6%
CRWD CrowdStrike Holdings Inc. Class A 1.25% 28,084 $9.9M Add +4.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.19% 38,139 $9.5M Reduce -1.6%
CHKP Check Point Software Tech 1.14% 39,725 $9.1M Reduce -2.2%
HUBB Hubbell Inc. 1.11% 26,717 $8.8M Reduce -0.3%
PANW Palo Alto Networks Inc. 1.08% 50,096 $8.5M Reduce -1.8%
AAPL Apple Inc. 1.05% 37,515 $8.3M Reduce -3.8%
ROK Rockwell Automation Inc. 1.00% 30,821 $8.0M Add +0.0%
EEM iShares MSCI Emerging Market 0.98% 177,325 $7.7M Reduce -3.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.94% 89,238 $7.5M Reduce -0.5%
AMGN Amgen Inc. 0.94% 23,876 $7.4M Add +0.5%
CHD Church & Dwight Co. Inc. 0.93% 67,161 $7.4M Reduce -0.2%
EWJ iShares MSCI Japan ETF 0.93% 107,267 $7.4M Add +86.1%
FDX FedEx Corp. 0.88% 28,660 $7.0M Add +0.4%
TXN Texas Instruments Inc. 0.87% 38,334 $6.9M Reduce -0.1%
DGS Wisdomtree Em Small Cap 0.81% 133,716 $6.5M Add +3.3%
UL Unilever PLC 0.81% 107,840 $6.4M Add +0.7%
MELI MercadoLibre Inc. 0.76% 3,097 $6.0M Add +1.9%
NSC Norfolk Southern Corp. 0.74% 24,731 $5.9M Add +0.3%
BILS SS Spdrb B 3-12M T-Bill ETF 0.69% 55,382 $5.5M Reduce -12.8%
XYL Xylem Inc. 0.69% 45,709 $5.5M Add +1.6%
HSY The Hershey Co. 0.64% 29,654 $5.1M Add +1.3%
MKC McCormick & Co.-Non VTG SHRS 0.55% 52,593 $4.3M Add +0.9%
FMX Fomento Economico Mex-SP ADR 0.48% 39,369 $3.8M Reduce -1.0%
VEU Vanguard Ftse All-World Ex-U 0.47% 61,746 $3.7M Reduce -13.4%
ETN Eaton Corp. PLC 0.45% 13,177 $3.6M Add +2.7%
SGOV iShares 0-3 Month Treasury B 0.40% 31,708 $3.2M Reduce -3.2%
CB Chubb Ltd. 0.38% 10,043 $3.0M Reduce -0.9%
IBTH iShares Ibonds Dec 2027 Term 0.30% 106,655 $2.4M Add +10.6%
BRK.B Berkshire Hathaway Inc. Class B 0.30% 4,435 $2.4M No change
IBTG iShares Ibonds Dec 2026 Term 0.29% 101,288 $2.3M Add +10.2%
IBTF iShares Ibonds Dec 2025 Term 0.29% 99,363 $2.3M Add +10.7%
GNOM Global X Genomics & Biotechn 0.27% 270,093 $2.1M Add +0.4%
AMZN Amazon.com Inc. 0.27% 11,132 $2.1M Reduce -27.2%
VOO Vanguard S&P 500 ETF 0.25% 3,927 $2.0M Add +1.2%
IWV iShares Russell 3000 ETF 0.21% 5,275 $1.7M No change
IJR iShares Core S&P Small-Cap E 0.21% 15,791 $1.7M Reduce -1.4%
BRK.A Berkshire Hathaway Inc. Class A 0.20% 2 $1.6M No change
NFLX Netflix Inc. 0.19% 1,618 $1.5M Reduce -0.5%
BDX Becton Dickinson and Co. 0.18% 6,161 $1.4M Reduce -42.0%
MCD McDonald's Corp. 0.17% 4,395 $1.4M Reduce -14.8%
ESGD iShares Trust iShares ESG Aw 0.17% 16,600 $1.4M Reduce -11.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.16% 4,929 $1.3M Reduce -2.0%
XOM Exxon Mobil Corp. 0.15% 10,211 $1.2M Reduce -13.7%
MRK Merck & Co. Inc. 0.15% 12,982 $1.2M No change
PG The Procter & Gamble Co. 0.14% 6,597 $1.1M Reduce -9.7%
SUSA iShares ESG Optimized MSCI U 0.14% 9,780 $1.1M Reduce -16.4%
SHEL Shell PLC-ADR 0.14% 15,295 $1.1M Reduce -21.7%
JNJ Johnson & Johnson 0.14% 6,591 $1.1M Reduce -13.7%
SHW The Sherwin-Williams Co. 0.14% 3,069 $1.1M Add +3.4%
JPM JPMorgan Chase & Co. 0.12% 3,875 $951K Add +3.7%
USB US Bancorp 0.11% 20,950 $885K Reduce -4.6%
IDXX Idexx Laboratories Inc. 0.10% 1,863 $782K Add +0.4%
GOOGL Alphabet Inc. Class A 0.09% 4,825 $746K Reduce -4.8%
HON Honeywell International Inc. 0.09% 3,453 $731K No change
ESML iShares ESG Aware MSCI USA S 0.08% 16,895 $649K Reduce -18.3%
FITB Fifth Third Bancorp 0.08% 16,274 $638K No change
DVY iShares Select Dividend ETF 0.08% 4,750 $638K No change
LLY Eli Lilly & Co. 0.08% 744 $614K Add +1.6%
MMM 3M Co. 0.08% 4,064 $597K Reduce -13.3%
GOOG Alphabet Inc. Class C 0.07% 3,774 $590K Reduce -9.9%
OEF iShares S&P 100 ETF 0.07% 2,166 $587K No change
CTAS Cintas Corp. 0.07% 2,760 $567K Reduce -3.5%
XJH Ishare ESG SS S&P Midcap ETF 0.07% 13,380 $523K Reduce -10.7%
ADI Analog Devices Inc. 0.07% 2,565 $517K Reduce -36.1%
EMR Emerson Electric Co. 0.06% 4,602 $505K Reduce -6.0%
GE General Electric filed as GE AEROSPACE 0.06% 2,426 $486K No change
ATNI Atn International Inc. 0.06% 23,787 $483K No change
ESGE iShares Inc. iShares ESG Awar 0.06% 12,910 $451K No change
IWF iShares Russell 1000 Growth 0.06% 1,249 $451K No change
INTC Intel Corp. 0.06% 19,414 $441K No change
GIS General Mills Inc. 0.05% 7,204 $431K No change
IWC iShares Micro-Cap ETF 0.05% 3,875 $430K Add +0.2%
K Kellanova 0.05% 4,992 $412K Reduce -8.1%
EPI Wisdomtree India Earnings 0.05% 9,380 $410K Reduce -60.9%
ORCL Oracle Corp. 0.05% 2,875 $402K No change
TSM Taiwan Semiconductor-SP ADR 0.05% 2,400 $398K Reduce -22.0%
UNM Unum Group 0.05% 4,723 $385K No change
MATX Matson Inc. 0.05% 2,971 $381K No change
CSL Carlisle Cos Inc. 0.05% 1,075 $366K Reduce -10.4%
HD Home Depot Inc. 0.05% 994 $364K Reduce -5.8%
PM Philip Morris International 0.05% 2,265 $360K Reduce -17.8%
SONY Sony Group Corp. - SP ADR 0.04% 13,735 $349K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.04% 6,025 $332K Reduce -31.1%
JUST Goldman Sachs Just US LRG 0.04% 4,170 $332K No change
ACWI iShares MSCI Acwi ETF 0.04% 2,726 $317K No change
IVW iShares S&P 500 Growth ETF 0.04% 3,395 $315K Reduce -1.6%
VOTE TCW Transform 500 ETF 0.04% 4,675 $306K Reduce -35.7%
BMY Bristol-Myers Squibb Co. 0.04% 4,991 $304K Reduce -7.9%
ROP Roper Technologies Inc. 0.04% 509 $300K No change
COST Costco Wholesale Corp. 0.04% 301 $285K Reduce -29.7%
VTWV Vanguard Russell 2000 Value 0.04% 2,100 $279K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 2,312 $277K No change
DOV Dover Corp. 0.03% 1,545 $271K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.03% 725 $269K Reduce -2.4%
ABT Abbott Laboratories 0.03% 2,011 $267K Add +5.2%
GLD SPDR Gold Shares 0.03% 912 $263K New
VTV Vanguard Mrngstr Val ETF-Aui 0.03% 1,500 $259K No change
SPGI S&P Global Inc. 0.03% 490 $249K No change
NEE Nextera Energy Inc. 0.03% 3,507 $249K No change
APO Apollo Global Management Inc. 0.03% 1,800 $246K No change
V Visa Inc. Class A 0.03% 700 $245K Add +2.9%
WAT Waters Corp. 0.03% 657 $242K No change
IWP iShares Russell Mid-Cap Grow 0.03% 2,026 $238K No change
AMAT Applied Materials Inc. 0.03% 1,631 $237K No change
TMO Thermo Fisher Scientific Inc. 0.03% 466 $232K Add +15.1%
IVE iShares S&P 500 Value ETF 0.03% 1,189 $227K No change
GEV GE Vernova Inc. 0.03% 705 $215K No change
QCOM Qualcomm Inc. 0.03% 1,363 $209K Reduce -6.8%
ENTA Enanta Pharmaceuticals Inc. 0.02% 33,185 $183K No change

Portfolio Sells Q4 2024 → Q1 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.8% 9.01% −0.65
MDY State Street SPDR S&P Midcap Reduce -1.1% 4.66% −0.39
HUBB Hubbell Inc. Reduce -0.3% 1.11% −0.31
MSFT Microsoft Corp. Reduce -1.4% 1.71% −0.25
VTI VG Morningstar TS MKT ETF-US Reduce -4.0% 1.96% −0.20
AAPL Apple Inc. Reduce -3.8% 1.05% −0.19
AMZN Amazon.com Inc. Reduce -27.2% 0.27% −0.16
BDX Becton Dickinson and Co. Reduce -42.0% 0.18% −0.13
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -12.8% 0.69% −0.10
PANW Palo Alto Networks Inc. Reduce -1.8% 1.08% −0.10
EPI Wisdomtree India Earnings Reduce -60.9% 0.05% −0.09
VYM Vanguard High DVD Yield ETF Sold out 0.00% −0.07
VEU Vanguard Ftse All-World Ex-U Reduce -13.4% 0.47% −0.05
ADI Analog Devices Inc. Reduce -36.1% 0.07% −0.04
TXN Texas Instruments Inc. Reduce -0.1% 0.87% −0.04
SUSA iShares ESG Optimized MSCI U Reduce -16.4% 0.14% −0.04
ESML iShares ESG Aware MSCI USA S Reduce -18.3% 0.08% −0.03
GOOGL Alphabet Inc. Class A Reduce -4.8% 0.09% −0.03
GOOG Alphabet Inc. Class C Reduce -9.9% 0.07% −0.03
TSM Taiwan Semiconductor-SP ADR Reduce -22.0% 0.05% −0.03
IWO iShares Russell 2000 Growth Sold out 0.00% −0.03
PNC PNC Financial Services Group Sold out 0.00% −0.03
TJX TJX Companies Inc. Sold out 0.00% −0.03
IWN iShares Russell 2000 Value E Sold out 0.00% −0.03
IJR iShares Core S&P Small-Cap E Reduce -1.4% 0.21% −0.03
VOTE TCW Transform 500 ETF Reduce -35.7% 0.04% −0.02
USB US Bancorp Reduce -4.6% 0.11% −0.02
EMXC iShares MSCI Emr MRK Ex Chna Reduce -31.1% 0.04% −0.02
MCD McDonald's Corp. Reduce -14.8% 0.17% −0.02
SGOV iShares 0-3 Month Treasury B Reduce -3.2% 0.40% −0.01
COST Costco Wholesale Corp. Reduce -29.7% 0.04% −0.01
SHEL Shell PLC-ADR Reduce -21.7% 0.14% −0.01
XJH Ishare ESG SS S&P Midcap ETF Reduce -10.7% 0.07% −0.01
PG The Procter & Gamble Co. Reduce -9.7% 0.14% −0.01
EMR Emerson Electric Co. Reduce -6.0% 0.06% −0.01
ESGD iShares Trust iShares ESG Aw Reduce -11.7% 0.17% −0.01
CSL Carlisle Cos Inc. Reduce -10.4% 0.05% −0.01
XOM Exxon Mobil Corp. Reduce -13.7% 0.15% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -2.0% 0.16% −0.01
HD Home Depot Inc. Reduce -5.8% 0.05% −0.01
VUG Vanguard Mrngstar GR ETF-Sui Reduce -2.4% 0.03% −0.00
IVW iShares S&P 500 Growth ETF Reduce -1.6% 0.04% −0.00
K Kellanova Reduce -8.1% 0.05% −0.00
QCOM Qualcomm Inc. Reduce -6.8% 0.03% −0.00
JNJ Johnson & Johnson Reduce -13.7% 0.14% −0.00
MMM 3M Co. Reduce -13.3% 0.08% −0.00
BMY Bristol-Myers Squibb Co. Reduce -7.9% 0.04% −0.00
EEM iShares MSCI Emerging Market Reduce -3.9% 0.98% +0.00
PM Philip Morris International Reduce -17.8% 0.05% +0.00
CTAS Cintas Corp. Reduce -3.5% 0.07% +0.01

Portfolio Buys Q4 2024 → Q1 2025
VGSH Vanguard Short-Term Treasury Add +9.3% 4.92% +0.44
EWJ iShares MSCI Japan ETF Add +86.1% 0.93% +0.44
SPTS SS SPDR P St Term TSY ETF Add +8.8% 4.79% +0.40
IEFA iShares Core MSCI Eafe ETF Add +7.6% 2.91% +0.39
SPTI SS SPDR P Int Term TSY ETF Add +5.0% 4.61% +0.31
VGIT Vanguard Intermediate-Term T Add +4.7% 4.69% +0.30
AMGN Amgen Inc. Add +0.5% 0.94% +0.15
IEF iShares 7-10 Year Treasury B Add +3.6% 2.29% +0.14
MELI MercadoLibre Inc. Add +1.9% 0.76% +0.11
VEA Vanguard Ftse Developed ETF Add +0.0% 1.92% +0.11
VTIP Vanguard Short-Term Tips Add +1.5% 2.33% +0.09
STIP iShares 0-5 Year Tips Bond E Add +1.6% 2.38% +0.09
CRWD CrowdStrike Holdings Inc. Class A Add +4.2% 1.25% +0.08
GNMA iShares Gnma Bond ETF Add +1.9% 2.05% +0.07
VSS Vanguard Ftse All Wo X-US SC Add +3.6% 1.64% +0.07
IEMG iShares Core MSCI Emerging Add +0.9% 1.67% +0.06
MKC McCormick & Co.-Non VTG SHRS Add +0.9% 0.55% +0.04
UL Unilever PLC Add +0.7% 0.81% +0.04
GLD SPDR Gold Shares New 0.03% +0.03
IBTH iShares Ibonds Dec 2027 Term Add +10.6% 0.30% +0.03
IBTF iShares Ibonds Dec 2025 Term Add +10.7% 0.29% +0.03
XYL Xylem Inc. Add +1.6% 0.69% +0.03
IBTG iShares Ibonds Dec 2026 Term Add +10.2% 0.29% +0.03
DGS Wisdomtree Em Small Cap Add +3.3% 0.81% +0.01
HSY The Hershey Co. Add +1.3% 0.64% +0.01
SHW The Sherwin-Williams Co. Add +3.4% 0.14% +0.01
JPM JPMorgan Chase & Co. Add +3.7% 0.12% +0.01
ABT Abbott Laboratories Add +5.2% 0.03% +0.01
LLY Eli Lilly & Co. Add +1.6% 0.08% +0.01
NSC Norfolk Southern Corp. Add +0.3% 0.74% +0.01
V Visa Inc. Class A Add +2.9% 0.03% +0.00
TMO Thermo Fisher Scientific Inc. Add +15.1% 0.03% +0.00
IDXX Idexx Laboratories Inc. Add +0.4% 0.10% +0.00
IWC iShares Micro-Cap ETF Add +0.2% 0.05% −0.01
VOO Vanguard S&P 500 ETF Add +1.2% 0.25% −0.01
GNOM Global X Genomics & Biotechn Add +0.4% 0.27% −0.06
ETN Eaton Corp. PLC Add +2.7% 0.45% −0.09
ROK Rockwell Automation Inc. Add +0.0% 1.00% −0.11
FDX FedEx Corp. Add +0.4% 0.88% −0.14
IWM iShares Russell 2000 ETF Add +1.7% 1.92% −0.18
IVV iShares Core S&P 500 ETF Add +1.0% 4.58% −0.19
IJH iShares Core S&P Midcap ETF Add +3.2% 5.19% −0.20

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