Portland Global Advisors LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Portland Global Advisors LLC reported 146 stock positions worth $895.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.3% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 5.3%) and Vanguard Short-Term Treasury (VGSH, 4.9%). Compared with Q2 2025, it opened 8 new positions, sold out of 2, added to 57 and reduced 26. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +3%) and the biggest sale an exit from Norfolk Southern (NSC).

Most Recent 13F
Q2 2026
Location
PORTLAND, ME
CIK
0001504941
Portfolio Value
$895.6M (Q3 2025)
SEC Filing
0001504941-25-000007 ↗ filed Nov 10, 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 Q1 2025 Q2 2025: $849.4M Q2 2025 Q3 2025: $895.6M $895.6M Q3 2025 Q4 2025: $931.7M Q4 2025 Q1 2026: $938.1M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 146 stocks · $895.6M
SPY SS SPDR S&P 500 ETF Trust-US 9.35% 125,662 $83.7M Reduce -0.9%
IJH iShares Core S&P Midcap ETF 5.30% 727,375 $47.5M Add +2.8%
VGSH Vanguard Short-Term Treasury 4.92% 748,400 $44.0M Add +6.1%
IVV iShares Core S&P 500 ETF 4.91% 65,646 $43.9M Add +3.1%
SPTS SS SPDR P St Term TSY ETF 4.90% 1,498,106 $43.9M Add +8.5%
MDY State Street SPDR S&P Midcap 4.46% 67,000 $39.9M Reduce -1.7%
VGIT Vanguard Intermediate-Term T 4.27% 636,482 $38.2M Add +2.4%
SPTI SS SPDR P Int Term TSY ETF 4.26% 1,320,521 $38.2M Add +3.6%
IEFA iShares Core MSCI Eafe ETF 3.24% 332,641 $29.0M Add +4.6%
VWO Vanguard Ftse Emerging Marke 2.67% 441,877 $23.9M Reduce -0.2%
EFA iShares MSCI Eafe ETF 2.44% 234,528 $21.9M Reduce -2.5%
VEA Vanguard Ftse Developed ETF 2.11% 315,710 $18.9M Add +4.7%
STIP iShares 0-5 Year Tips Bond E 2.08% 179,998 $18.6M Add +3.0%
VTIP Vanguard Short-Term Tips 2.07% 365,837 $18.5M Add +3.3%
MSFT Microsoft Corp. 2.05% 35,398 $18.3M Reduce -0.9%
VTI VG Morningstar TS MKT ETF-US 2.02% 55,191 $18.1M Reduce -2.2%
IEF iShares 7-10 Year Treasury B 1.99% 184,408 $17.8M Add +1.0%
VSS Vanguard Ftse All Wo X-US SC 1.91% 120,027 $17.1M Add +1.8%
IEMG iShares Core MSCI Emerging 1.86% 253,360 $16.7M Add +2.6%
GNMA iShares Gnma Bond ETF 1.83% 369,412 $16.4M Add +2.5%
IWM iShares Russell 2000 ETF 1.69% 62,381 $15.1M Reduce -0.9%
CRWD CrowdStrike Holdings Inc. Class A 1.30% 23,833 $11.7M Add +0.0%
EWJ iShares MSCI Japan ETF 1.26% 140,294 $11.3M Add +1.6%
HUBB Hubbell Inc. 1.22% 25,411 $10.9M Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.19% 37,669 $10.6M Add +0.9%
ROK Rockwell Automation Inc. 1.16% 29,594 $10.3M Reduce -1.2%
PANW Palo Alto Networks Inc. 1.11% 48,935 $10.0M Add +0.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.05% 86,006 $9.4M Reduce -0.7%
EEM iShares MSCI Emerging Market 1.04% 173,639 $9.3M Reduce -3.6%
CHKP Check Point Software Tech 1.00% 43,395 $9.0M Add +12.9%
AAPL Apple Inc. 0.99% 34,747 $8.8M Add +0.5%
DGS Wisdomtree Em Small Cap 0.90% 141,390 $8.1M Add +2.4%
MELI MercadoLibre Inc. 0.81% 3,105 $7.3M Add +1.6%
TXN Texas Instruments Inc. 0.78% 38,207 $7.0M Add +0.5%
FDX FedEx Corp. 0.77% 29,327 $6.9M Add +1.1%
XYL Xylem Inc. 0.77% 46,776 $6.9M Add +1.3%
AMGN Amgen Inc. 0.76% 24,065 $6.8M Add +1.2%
UL Unilever PLC 0.71% 106,757 $6.3M Add +1.0%
CHD Church & Dwight Co. Inc. 0.69% 70,233 $6.2M Add +3.0%
SGOV iShares 0-3 Month Treasury B 0.65% 57,686 $5.8M Add +71.3%
HSY The Hershey Co. 0.62% 29,903 $5.6M Add +1.1%
ETN Eaton Corp. PLC 0.56% 13,436 $5.0M Add +2.1%
VEU Vanguard Ftse All-World Ex-U 0.50% 63,056 $4.5M Reduce -1.9%
BILS SS Spdrb B 3-12M T-Bill ETF 0.44% 39,508 $3.9M Reduce -0.4%
FMX Fomento Economico Mex-SP ADR 0.43% 39,180 $3.9M Add +2.0%
MKC McCormick & Co.-Non VTG SHRS 0.42% 55,852 $3.7M Add +4.6%
CB Chubb Ltd. 0.31% 9,758 $2.8M Reduce -1.6%
IBTH iShares Ibonds Dec 2027 Term 0.30% 121,014 $2.7M Add +6.0%
IBTG iShares Ibonds Dec 2026 Term 0.30% 117,607 $2.7M Add +6.9%
VOO Vanguard S&P 500 ETF 0.30% 4,407 $2.7M Add +5.3%
IBTF iShares Ibonds Dec 2025 Term 0.28% 106,377 $2.5M Add +0.7%
AMZN Amazon.com Inc. 0.28% 11,284 $2.5M Add +1.4%
IDNA iShares Gen-Immunology HLTH 0.27% 103,007 $2.4M Add +0.7%
BRK.B Berkshire Hathaway Inc. Class B 0.24% 4,364 $2.2M Reduce -3.4%
IWV iShares Russell 3000 ETF 0.22% 5,275 $2.0M No change
NFLX Netflix Inc. 0.21% 1,594 $1.9M No change
JPM JPMorgan Chase & Co. 0.19% 5,262 $1.7M Add +1.2%
IJR iShares Core S&P Small-Cap E 0.18% 13,887 $1.7M Add +0.1%
ESGD iShares Trust iShares ESG Aw 0.17% 16,355 $1.5M Reduce -2.8%
BRK.A Berkshire Hathaway Inc. Class A 0.17% 2 $1.5M No change
IWF iShares Russell 1000 Growth 0.17% 3,215 $1.5M No change
GOOGL Alphabet Inc. Class A 0.17% 6,131 $1.5M Add +19.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.16% 4,948 $1.5M Add +0.2%
MCD McDonald's Corp. 0.15% 4,445 $1.4M No change
SUSA iShares ESG Optimized MSCI U 0.15% 9,680 $1.3M No change
JNJ Johnson & Johnson 0.14% 6,727 $1.2M No change
IDXX Idexx Laboratories Inc. 0.14% 1,923 $1.2M Add +0.4%
XOM Exxon Mobil Corp. 0.13% 10,356 $1.2M No change
SHW The Sherwin-Williams Co. 0.13% 3,328 $1.2M Add +5.3%
PG The Procter & Gamble Co. 0.12% 6,955 $1.1M Reduce -0.1%
MRK Merck & Co. Inc. 0.12% 12,333 $1.0M Reduce -4.5%
USB US Bancorp 0.11% 20,950 $1.0M No change
GOOG Alphabet Inc. Class C 0.10% 3,655 $890K Add +11.6%
ORCL Oracle Corp. 0.09% 2,963 $833K Add +0.5%
IWB iShares Russell 1000 ETF 0.09% 2,117 $774K No change
ESML iShares ESG Aware MSCI USA S 0.09% 17,050 $769K No change
GE General Electric filed as GE AEROSPACE 0.08% 2,433 $732K No change
FITB Fifth Third Bancorp 0.08% 16,274 $725K No change
OEF iShares S&P 100 ETF 0.08% 2,147 $715K No change
HD Home Depot Inc. 0.08% 1,723 $698K Add +4.6%
DVY iShares Select Dividend ETF 0.08% 4,750 $675K No change
TSM Taiwan Semiconductor-SP ADR 0.08% 2,413 $674K Add +0.5%
LLY Eli Lilly & Co. 0.07% 880 $671K Add +17.3%
INTC Intel Corp. 0.07% 19,622 $658K No change
ADI Analog Devices Inc. 0.07% 2,621 $644K Reduce -4.3%
MRSH Marsh & McLennan Cos 0.07% 3,165 $638K No change
MMM 3M Co. 0.07% 4,100 $636K No change
XJH Ishare ESG SS S&P Midcap ETF 0.07% 14,335 $629K No change
HON Honeywell International Inc. 0.07% 2,938 $618K No change
SHEL Shell PLC-ADR 0.07% 8,555 $612K Reduce -26.7%
EMR Emerson Electric Co. 0.07% 4,592 $602K No change
ESGE iShares Inc. iShares ESG Awar 0.06% 13,275 $576K No change
CTAS Cintas Corp. 0.06% 2,796 $574K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 2,724 $508K Add +0.9%
MA Mastercard Inc. Class A 0.06% 886 $504K Add +60.8%
GEV GE Vernova Inc. 0.06% 815 $501K Add +14.0%
JUST Goldman Sachs Just US LRG 0.05% 4,880 $458K No change
BDX Becton Dickinson and Co. 0.05% 2,374 $444K Reduce -10.7%
GLD SPDR Gold Shares 0.05% 1,182 $420K No change
IVW iShares S&P 500 Growth ETF 0.05% 3,395 $410K No change

Show all 146 holdings

Portfolio Sells Q2 2025 → Q3 2025
NSC Norfolk Southern Corp. Sold out 0.00% −0.74
MDY State Street SPDR S&P Midcap Reduce -1.7% 4.46% −0.09
EFA iShares MSCI Eafe ETF Reduce -2.5% 2.44% −0.09
MSFT Microsoft Corp. Reduce -0.9% 2.05% −0.05
CB Chubb Ltd. Reduce -1.6% 0.31% −0.03
SHEL Shell PLC-ADR Reduce -26.7% 0.07% −0.03
WAT Waters Corp. Sold out 0.00% −0.03
BILS SS Spdrb B 3-12M T-Bill ETF Reduce -0.4% 0.44% −0.03
HUBB Hubbell Inc. Reduce -1.3% 1.22% −0.02
ROK Rockwell Automation Inc. Reduce -1.2% 1.16% −0.02
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.4% 0.24% −0.01
PG The Procter & Gamble Co. Reduce -0.1% 0.12% −0.01
EPI Wisdomtree India Earnings Reduce -13.1% 0.04% −0.01
PM Philip Morris International Reduce -6.5% 0.04% −0.01
ESGD iShares Trust iShares ESG Aw Reduce -2.8% 0.17% −0.01
VEU Vanguard Ftse All-World Ex-U Reduce -1.9% 0.50% −0.01
ADI Analog Devices Inc. Reduce -4.3% 0.07% −0.00
MRK Merck & Co. Inc. Reduce -4.5% 0.12% −0.00
BDX Becton Dickinson and Co. Reduce -10.7% 0.05% −0.00
VOTE TCW Transform 500 ETF Reduce -6.2% 0.04% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -2.2% 2.02% +0.00
ENTA Enanta Pharmaceuticals Inc. Reduce -26.9% 0.03% +0.00
TJX TJX Companies Inc. Reduce -0.9% 0.03% +0.00
EEM iShares MSCI Emerging Market Reduce -3.6% 1.04% +0.01
IWM iShares Russell 2000 ETF Reduce -0.9% 1.69% +0.09
VWO Vanguard Ftse Emerging Marke Reduce -0.2% 2.67% +0.09
BNY Bank of New York Mellon Corp. Reduce -0.7% 1.05% +0.12
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 9.35% +0.12

Portfolio Buys Q2 2025 → Q3 2025
IVV iShares Core S&P 500 ETF Add +3.1% 4.91% +0.25
SGOV iShares 0-3 Month Treasury B Add +71.3% 0.65% +0.25
AAPL Apple Inc. Add +0.5% 0.99% +0.15
SPTS SS SPDR P St Term TSY ETF Add +8.5% 4.90% +0.14
IJH iShares Core S&P Midcap ETF Add +2.8% 5.30% +0.13
IEMG iShares Core MSCI Emerging Add +2.6% 1.86% +0.12
IEFA iShares Core MSCI Eafe ETF Add +4.6% 3.24% +0.12
VEA Vanguard Ftse Developed ETF Add +4.7% 2.11% +0.09
XYL Xylem Inc. Add +1.3% 0.77% +0.07
GOOGL Alphabet Inc. Class A Add +19.7% 0.17% +0.06
HSY The Hershey Co. Add +1.1% 0.62% +0.05
VSS Vanguard Ftse All Wo X-US SC Add +1.8% 1.91% +0.04
NVDA Nvidia Corp. New 0.04% +0.04
EWJ iShares MSCI Japan ETF Add +1.6% 1.26% +0.04
VGSH Vanguard Short-Term Treasury Add +6.1% 4.92% +0.04
LIN Linde PLC New 0.03% +0.03
GOOG Alphabet Inc. Class C Add +11.6% 0.10% +0.03
AEM Agnico Eagle Mines Ltd. New 0.03% +0.03
ABBV Abbvie Inc. New 0.03% +0.03
IDNA iShares Gen-Immunology HLTH Add +0.7% 0.27% +0.02
AVGO Broadcom Inc. New 0.02% +0.02
BX Blackstone Inc. New 0.02% +0.02
ACN Accenture PLC Class A New 0.02% +0.02
VOO Vanguard S&P 500 ETF Add +5.3% 0.30% +0.02
MA Mastercard Inc. Class A Add +60.8% 0.06% +0.02
ORCL Oracle Corp. Add +0.5% 0.09% +0.02
IDXX Idexx Laboratories Inc. Add +0.4% 0.14% +0.02
GEV GE Vernova Inc. Add +14.0% 0.06% +0.01
TSM Taiwan Semiconductor-SP ADR Add +0.5% 0.08% +0.01
TMO Thermo Fisher Scientific Inc. Add +18.1% 0.03% +0.01
ETN Eaton Corp. PLC Add +2.1% 0.56% +0.01
JPM JPMorgan Chase & Co. Add +1.2% 0.19% +0.01
HD Home Depot Inc. Add +4.6% 0.08% +0.01
FORA Forian Inc. New 0.01% +0.01
LLY Eli Lilly & Co. Add +17.3% 0.07% +0.01
IJR iShares Core S&P Small-Cap E Add +0.1% 0.18% +0.01
UNP Union Pacific Corp. Add +25.3% 0.03% +0.01
IBTG iShares Ibonds Dec 2026 Term Add +6.9% 0.30% +0.00
DGS Wisdomtree Em Small Cap Add +2.4% 0.90% +0.00
V Visa Inc. Class A Add +16.6% 0.03% +0.00
IBTH iShares Ibonds Dec 2027 Term Add +6.0% 0.30% +0.00
WMT Walmart Inc. Add +7.2% 0.03% +0.00
CHKP Check Point Software Tech Add +12.9% 1.00% +0.00
SHW The Sherwin-Williams Co. Add +5.3% 0.13% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +0.9% 0.06% +0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.2% 0.16% −0.00
FDX FedEx Corp. Add +1.1% 0.77% −0.00
AMZN Amazon.com Inc. Add +1.4% 0.28% −0.01
IBTF iShares Ibonds Dec 2025 Term Add +0.7% 0.28% −0.01
AMGN Amgen Inc. Add +1.2% 0.76% −0.02

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