Portland Global Advisors LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Portland Global Advisors LLC reported 150 stock positions worth $931.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 9.1% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 5.3%) and SS SPDR P St Term TSY ETF (SPTS, 5.2%). Compared with Q3 2025, it opened 8 new positions, sold out of 5, added to 55 and reduced 46. The biggest buy was Idexx Laboratories (IDXX, shares +324%) 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
$931.7M (Q4 2025)
SEC Filing
0001504941-26-000001 ↗ filed Feb 10, 2026

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 Q3 2025 Q4 2025: $931.7M $931.7M Q4 2025 Q1 2026: $938.1M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 150 stocks · $931.7M
SPY SS SPDR S&P 500 ETF Trust-US 9.06% 123,770 $84.4M Reduce -1.5%
IJH iShares Core S&P Midcap ETF 5.34% 753,414 $49.7M Add +3.6%
SPTS SS SPDR P St Term TSY ETF 5.16% 1,643,042 $48.1M Add +9.7%
VGSH Vanguard Short-Term Treasury 5.13% 814,006 $47.8M Add +8.8%
IVV iShares Core S&P 500 ETF 4.85% 65,950 $45.2M Add +0.5%
MDY State Street SPDR S&P Midcap 4.31% 66,505 $40.1M Reduce -0.7%
SPTI SS SPDR P Int Term TSY ETF 4.23% 1,367,824 $39.4M Add +3.6%
VGIT Vanguard Intermediate-Term T 4.22% 656,370 $39.3M Add +3.1%
IEFA iShares Core MSCI Eafe ETF 3.30% 343,404 $30.7M Add +3.2%
VWO Vanguard Ftse Emerging Marke 2.48% 429,628 $23.1M Reduce -2.8%
EFA iShares MSCI Eafe ETF 2.46% 238,998 $23.0M Add +1.9%
VEA Vanguard Ftse Developed ETF 2.17% 323,176 $20.2M Add +2.4%
VTI VG Morningstar TS MKT ETF-US 2.12% 58,869 $19.7M Add +6.7%
STIP iShares 0-5 Year Tips Bond E 2.05% 186,931 $19.1M Add +3.9%
VTIP Vanguard Short-Term Tips 2.02% 379,958 $18.8M Add +3.9%
IEF iShares 7-10 Year Treasury B 1.96% 189,750 $18.2M Add +2.9%
VSS Vanguard Ftse All Wo X-US SC 1.88% 122,406 $17.5M Add +2.0%
GNMA iShares Gnma Bond ETF 1.82% 380,968 $17.0M Add +3.1%
IEMG iShares Core MSCI Emerging 1.81% 251,171 $16.9M Reduce -0.9%
MSFT Microsoft Corp. 1.79% 34,534 $16.7M Reduce -2.4%
IWM iShares Russell 2000 ETF 1.59% 60,144 $14.8M Reduce -3.6%
EWJ iShares MSCI Japan ETF 1.22% 140,228 $11.3M Reduce -0.1%
ROK Rockwell Automation Inc. 1.19% 28,611 $11.1M Reduce -3.3%
HUBB Hubbell Inc. 1.16% 24,401 $10.8M Reduce -4.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.14% 35,901 $10.6M Reduce -4.7%
CRWD CrowdStrike Holdings Inc. Class A 1.12% 22,235 $10.4M Reduce -6.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.03% 82,436 $9.6M Reduce -4.2%
AAPL Apple Inc. 1.00% 34,127 $9.3M Reduce -1.8%
EEM iShares MSCI Emerging Market 0.96% 163,185 $8.9M Reduce -6.0%
PANW Palo Alto Networks Inc. 0.95% 48,098 $8.9M Reduce -1.7%
FDX FedEx Corp. 0.93% 29,982 $8.7M Add +2.2%
SGOV iShares 0-3 Month Treasury B 0.91% 84,397 $8.5M Add +46.3%
DGS Wisdomtree Em Small Cap 0.88% 143,794 $8.2M Add +1.7%
CHKP Check Point Software Tech 0.88% 43,986 $8.2M Add +1.4%
AMGN Amgen Inc. 0.87% 24,731 $8.1M Add +2.8%
TXN Texas Instruments Inc. 0.77% 41,191 $7.1M Add +7.8%
MELI MercadoLibre Inc. 0.74% 3,423 $6.9M Add +10.2%
CHD Church & Dwight Co. Inc. 0.72% 80,392 $6.7M Add +14.5%
XYL Xylem Inc. 0.70% 47,684 $6.5M Add +1.9%
UL Unilever PLC-Sponsored ADR 0.68% 97,512 $6.4M Add +2.8%
HSY The Hershey Co. 0.60% 30,759 $5.6M Add +2.9%
IDXX Idexx Laboratories Inc. 0.59% 8,147 $5.5M Add +323.7%
BILS SS Spdrb B 3-12M T-Bill ETF 0.53% 49,836 $4.9M Add +26.1%
VEU Vanguard Ftse All-World Ex-U 0.53% 66,552 $4.9M Add +5.5%
ETN Eaton Corp. PLC 0.47% 13,760 $4.4M Add +2.4%
MKC McCormick & Co.-Non VTG SHRS 0.45% 61,523 $4.2M Add +10.2%
FMX Fomento Economico Mex-SP ADR 0.43% 40,002 $4.0M Add +2.1%
AMZN Amazon.com Inc. 0.35% 14,046 $3.2M Add +24.5%
IBTH iShares Ibonds Dec 2027 Term 0.34% 142,114 $3.2M Add +17.4%
IBTG iShares Ibonds Dec 2026 Term 0.34% 139,045 $3.2M Add +18.2%
IBTI iShares Ibonds Dec 2028 Term 0.34% 141,011 $3.2M New
CB Chubb Ltd. 0.32% 9,639 $3.0M Reduce -1.2%
VOO Vanguard S&P 500 ETF 0.30% 4,495 $2.8M Add +2.0%
IDNA iShares Gen-Immunology HLTH 0.29% 103,004 $2.7M Reduce 0.0%
IWV iShares Russell 3000 ETF 0.25% 6,067 $2.3M Add +15.0%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 4,111 $2.1M Reduce -5.8%
ADI Analog Devices Inc. 0.21% 7,259 $2.0M Add +177.0%
GOOGL Alphabet Inc. Class A 0.21% 6,125 $1.9M Reduce -0.1%
IJR iShares Core S&P Small-Cap E 0.18% 13,943 $1.7M Add +0.4%
JPM JPMorgan Chase & Co. 0.18% 5,158 $1.7M Reduce -2.0%
ESGD iShares Trust iShares ESG Aw 0.17% 16,355 $1.6M No change
IWF iShares Russell 1000 Growth 0.16% 3,215 $1.5M No change
BRK.A Berkshire Hathaway Inc. Class A 0.16% 2 $1.5M No change
NFLX Netflix Inc. 0.16% 15,980 $1.5M Add +0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.15% 4,943 $1.4M Reduce -0.1%
JNJ Johnson & Johnson 0.15% 6,661 $1.4M Reduce -1.0%
MCD McDonald's Corp. 0.15% 4,445 $1.4M No change
SUSA iShares ESG Optimized MSCI U 0.14% 9,680 $1.3M No change
MRK Merck & Co. Inc. 0.14% 12,158 $1.3M Reduce -1.4%
XOM Exxon Mobil Corp. 0.13% 10,314 $1.2M Reduce -0.4%
GOOG Alphabet Inc. Class C 0.12% 3,705 $1.2M Add +1.4%
USB US Bancorp 0.12% 20,950 $1.1M No change
SHW The Sherwin-Williams Co. 0.11% 3,091 $1.0M Reduce -7.1%
PG The Procter & Gamble Co. 0.11% 6,955 $997K No change
LLY Eli Lilly & Co. 0.10% 886 $952K Add +0.7%
IWB iShares Russell 1000 ETF 0.08% 2,117 $791K No change
ESML iShares ESG Aware MSCI USA S 0.08% 17,050 $784K No change
FITB Fifth Third Bancorp 0.08% 16,341 $765K Add +0.4%
GE General Electric filed as GE AEROSPACE 0.08% 2,433 $749K No change
OEF iShares S&P 100 ETF 0.08% 2,147 $736K No change
TSM Taiwan Semiconductor-SP ADR 0.08% 2,421 $736K Add +0.3%
INTC Intel Corp. 0.08% 19,622 $724K No change
DVY iShares Select Dividend ETF 0.07% 4,750 $670K No change
MMM 3M Co. 0.07% 4,100 $656K No change
XJH Ishare ESG SS S&P Midcap ETF 0.07% 14,335 $640K No change
EMR Emerson Electric Co. 0.07% 4,613 $612K Add +0.5%
SHEL Shell PLC-ADR 0.06% 8,205 $603K Reduce -4.1%
HD Home Depot Inc. 0.06% 1,733 $596K Add +0.6%
ESGE iShares Inc. iShares ESG Awar 0.06% 13,275 $586K No change
ORCL Oracle Corp. 0.06% 2,922 $570K Reduce -1.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 2,924 $558K Add +7.3%
HON Honeywell International Inc. 0.06% 2,851 $556K Reduce -3.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.06% 1,138 $555K Add +57.0%
IWD iShares Russell 1000 Value E 0.06% 2,601 $547K Add +43.6%
GEV GE Vernova Inc. 0.06% 820 $536K Add +0.6%
CTAS Cintas Corp. 0.06% 2,796 $526K No change
MRSH Marsh & McLennan Cos 0.05% 2,739 $508K Reduce -13.5%
TILT NT Mstar US Ftilt ETF 0.05% 2,021 $503K New
MA Mastercard Inc. Class A 0.05% 858 $490K Reduce -3.2%
JUST Goldman Sachs Just US LRG 0.05% 4,880 $472K No change
GLD SPDR Gold Shares 0.05% 1,165 $462K Reduce -1.4%
BDX Becton Dickinson and Co. 0.05% 2,374 $461K No change
AMAT Applied Materials Inc. 0.05% 1,655 $425K No change
IVW iShares S&P 500 Growth ETF 0.04% 3,395 $418K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.04% 5,340 $388K Reduce -7.9%
ACWI iShares MSCI Acwi ETF 0.04% 2,726 $386K No change
NVDA Nvidia Corp. 0.04% 2,060 $384K Reduce -0.2%
ENTA Enanta Pharmaceuticals Inc. 0.04% 24,275 $383K No change
MATX Matson Inc. 0.04% 2,971 $367K No change
V Visa Inc. Class A 0.04% 989 $347K Add +9.3%
CSL Carlisle Cos Inc. 0.04% 1,075 $344K No change
MICC The Magnum Ice Cream Co. NV 0.04% 21,556 $342K Add +1.0%
VOTE TCW Transform 500 ETF 0.04% 4,223 $339K No change
COST Costco Wholesale Corp. 0.04% 389 $335K Add +6.9%
GIS General Mills Inc. 0.04% 7,211 $335K No change
TMO Thermo Fisher Scientific Inc. 0.03% 559 $324K Reduce -6.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.03% 2,062 $317K Add +1.3%
PM Philip Morris International 0.03% 1,957 $314K Reduce -9.2%
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 2,312 $304K No change
SONY Sony Group Corp. - SP ADR 0.03% 10,970 $281K No change
IWC iShares Micro-Cap ETF 0.03% 1,770 $279K No change
IWP iShares Russell Mid-Cap Grow 0.03% 2,026 $277K No change
EPI Wisdomtree India Earnings 0.03% 5,920 $274K Reduce -20.4%
BMY Bristol-Myers Squibb Co. 0.03% 4,961 $268K Reduce -0.8%
DOV Dover Corp. 0.03% 1,345 $263K Reduce -12.9%
SPGI S&P Global Inc. 0.03% 492 $257K No change
UNP Union Pacific Corp. 0.03% 1,101 $255K Reduce -1.1%
IVE iShares S&P 500 Value ETF 0.03% 1,189 $252K No change
AXP American Express Co. 0.03% 681 $252K Add +1.5%
WMT Walmart Inc. 0.03% 2,239 $249K No change
LIN Linde PLC 0.03% 573 $244K Reduce -9.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.03% 500 $240K No change
VTWV Vanguard Russell 2000 Value 0.03% 1,500 $240K Reduce -28.6%
NEE Nextera Energy Inc. 0.03% 2,984 $240K No change
ABT Abbott Laboratories 0.03% 1,908 $239K Reduce -17.3%
ROP Roper Technologies Inc. 0.02% 512 $228K No change
AEM Agnico Eagle Mines Ltd. 0.02% 1,342 $228K Reduce -14.8%
UNM Unum Group 0.02% 2,925 $227K Reduce -39.0%
ABBV Abbvie Inc. 0.02% 989 $226K No change
QCOM Qualcomm Inc. 0.02% 1,310 $224K Reduce -1.7%
ACN Accenture PLC Class A 0.02% 828 $222K No change
WAT Waters Corp. 0.02% 582 $221K New
AGZ iShares Agency Bond ETF 0.02% 2,000 $221K New
AVGO Broadcom Inc. 0.02% 631 $218K Reduce -3.2%
APH Amphenol Corp. Class A 0.02% 1,591 $215K New
EWX State Street SPDR S&P Emergi 0.02% 3,260 $214K No change
DHR Danaher Corp. 0.02% 922 $211K New
RTX RTX Corp. 0.02% 1,108 $203K New
IBB iShares Biotechnology ETF 0.02% 1,200 $203K New
FORA Forian Inc. 0.01% 25,000 $53K No change

Portfolio Sells Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.5% 9.06% −0.29
IBTF iShares Ibonds Dec 2025 Term Sold out 0.00% −0.28
MSFT Microsoft Corp. Reduce -2.4% 1.79% −0.25
VWO Vanguard Ftse Emerging Marke Reduce -2.8% 2.48% −0.19
CRWD CrowdStrike Holdings Inc. Class A Reduce -6.7% 1.12% −0.19
PANW Palo Alto Networks Inc. Reduce -1.7% 0.95% −0.16
MDY State Street SPDR S&P Midcap Reduce -0.7% 4.31% −0.15
IWM iShares Russell 2000 ETF Reduce -3.6% 1.59% −0.10
EEM iShares MSCI Emerging Market Reduce -6.0% 0.96% −0.08
HUBB Hubbell Inc. Reduce -4.0% 1.16% −0.06
IEMG iShares Core MSCI Emerging Reduce -0.9% 1.81% −0.05
K Kellanova Sold out 0.00% −0.05
IBM Intl Business Machines Corp. Reduce -4.7% 1.14% −0.05
EWJ iShares MSCI Japan ETF Reduce -0.1% 1.22% −0.04
ATNI Atn International Inc. Sold out 0.00% −0.04
ORCL Oracle Corp. Reduce -1.4% 0.06% −0.03
APO Apollo Global Management Inc. Sold out 0.00% −0.03
BRK.B Berkshire Hathaway Inc. Class B Reduce -5.8% 0.22% −0.02
BX Blackstone Inc. Sold out 0.00% −0.02
SHW The Sherwin-Williams Co. Reduce -7.1% 0.11% −0.02
BNY Bank of New York Mellon Corp. Reduce -4.2% 1.03% −0.02
UNM Unum Group Reduce -39.0% 0.02% −0.02
MRSH Marsh & McLennan Cos Reduce -13.5% 0.05% −0.02
VTWV Vanguard Russell 2000 Value Reduce -28.6% 0.03% −0.01
HON Honeywell International Inc. Reduce -3.0% 0.06% −0.01
ABT Abbott Laboratories Reduce -17.3% 0.03% −0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.1% 0.15% −0.01
EPI Wisdomtree India Earnings Reduce -20.4% 0.03% −0.01
LIN Linde PLC Reduce -9.1% 0.03% −0.01
JPM JPMorgan Chase & Co. Reduce -2.0% 0.18% −0.01
PM Philip Morris International Reduce -9.2% 0.03% −0.01
AEM Agnico Eagle Mines Ltd. Reduce -14.8% 0.02% −0.01
MA Mastercard Inc. Class A Reduce -3.2% 0.05% −0.00
SHEL Shell PLC-ADR Reduce -4.1% 0.06% −0.00
EMXC iShares MSCI Emr MRK Ex Chna Reduce -7.9% 0.04% −0.00
UNP Union Pacific Corp. Reduce -1.1% 0.03% −0.00
NVDA Nvidia Corp. Reduce -0.2% 0.04% −0.00
QCOM Qualcomm Inc. Reduce -1.7% 0.02% −0.00
AVGO Broadcom Inc. Reduce -3.2% 0.02% −0.00
DOV Dover Corp. Reduce -12.9% 0.03% −0.00
TMO Thermo Fisher Scientific Inc. Reduce -6.8% 0.03% +0.00
GLD SPDR Gold Shares Reduce -1.4% 0.05% +0.00
XOM Exxon Mobil Corp. Reduce -0.4% 0.13% +0.00
BMY Bristol-Myers Squibb Co. Reduce -0.8% 0.03% +0.00
AAPL Apple Inc. Reduce -1.8% 1.00% +0.01
JNJ Johnson & Johnson Reduce -1.0% 0.15% +0.01
CB Chubb Ltd. Reduce -1.2% 0.32% +0.02
IDNA iShares Gen-Immunology HLTH Reduce 0.0% 0.29% +0.02
MRK Merck & Co. Inc. Reduce -1.4% 0.14% +0.02
GOOGL Alphabet Inc. Class A Reduce -0.1% 0.21% +0.04

Portfolio Buys Q3 2025 → Q4 2025
IDXX Idexx Laboratories Inc. Add +323.7% 0.59% +0.45
IBTI iShares Ibonds Dec 2028 Term New 0.34% +0.34
SGOV iShares 0-3 Month Treasury B Add +46.3% 0.91% +0.26
SPTS SS SPDR P St Term TSY ETF Add +9.7% 5.16% +0.26
VGSH Vanguard Short-Term Treasury Add +8.8% 5.13% +0.21
FDX FedEx Corp. Add +2.2% 0.93% +0.16
ADI Analog Devices Inc. Add +177.0% 0.21% +0.14
AMGN Amgen Inc. Add +2.8% 0.87% +0.11
VTI VG Morningstar TS MKT ETF-US Add +6.7% 2.12% +0.10
BILS SS Spdrb B 3-12M T-Bill ETF Add +26.1% 0.53% +0.09
AMZN Amazon.com Inc. Add +24.5% 0.35% +0.07
VEA Vanguard Ftse Developed ETF Add +2.4% 2.17% +0.05
IEFA iShares Core MSCI Eafe ETF Add +3.2% 3.30% +0.05
TILT NT Mstar US Ftilt ETF New 0.05% +0.05
IBTG iShares Ibonds Dec 2026 Term Add +18.2% 0.34% +0.04
IBTH iShares Ibonds Dec 2027 Term Add +17.4% 0.34% +0.04
IJH iShares Core S&P Midcap ETF Add +3.6% 5.34% +0.04
CHD Church & Dwight Co. Inc. Add +14.5% 0.72% +0.04
MKC McCormick & Co.-Non VTG SHRS Add +10.2% 0.45% +0.03
IWV iShares Russell 3000 ETF Add +15.0% 0.25% +0.03
LLY Eli Lilly & Co. Add +0.7% 0.10% +0.03
GOOG Alphabet Inc. Class C Add +1.4% 0.12% +0.03
AGZ iShares Agency Bond ETF New 0.02% +0.02
WAT Waters Corp. New 0.02% +0.02
APH Amphenol Corp. Class A New 0.02% +0.02
VEU Vanguard Ftse All-World Ex-U Add +5.5% 0.53% +0.02
DHR Danaher Corp. New 0.02% +0.02
RTX RTX Corp. New 0.02% +0.02
IBB iShares Biotechnology ETF New 0.02% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +57.0% 0.06% +0.02
EFA iShares MSCI Eafe ETF Add +1.9% 2.46% +0.02
IWD iShares Russell 1000 Value E Add +43.6% 0.06% +0.02
TSM Taiwan Semiconductor-SP ADR Add +0.3% 0.08% +0.00
VTV Vanguard Mrngstr Val ETF-Aui Add +7.3% 0.06% +0.00
V Visa Inc. Class A Add +9.3% 0.04% +0.00
FMX Fomento Economico Mex-SP ADR Add +2.1% 0.43% +0.00
AXP American Express Co. Add +1.5% 0.03% +0.00
GEV GE Vernova Inc. Add +0.6% 0.06% +0.00
FITB Fifth Third Bancorp Add +0.4% 0.08% +0.00
VOO Vanguard S&P 500 ETF Add +2.0% 0.30% +0.00
TJX TJX Companies Inc. Add +1.3% 0.03% +0.00
MICC The Magnum Ice Cream Co. NV Add +1.0% 0.04% −0.00
EMR Emerson Electric Co. Add +0.5% 0.07% −0.00
COST Costco Wholesale Corp. Add +6.9% 0.04% −0.00
IJR iShares Core S&P Small-Cap E Add +0.4% 0.18% −0.00
GNMA iShares Gnma Bond ETF Add +3.1% 1.82% −0.01
HD Home Depot Inc. Add +0.6% 0.06% −0.01
TXN Texas Instruments Inc. Add +7.8% 0.77% −0.02
DGS Wisdomtree Em Small Cap Add +1.7% 0.88% −0.02
UL Unilever PLC-Sponsored ADR Add +2.8% 0.68% −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