Rock Point Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Rock Point Advisors, LLC reported 116 stock positions worth $377.4 million. Its top holding was Citigroup (C) at 5.5% of the portfolio, followed by Apple (AAPL, 3.7%) and TJX Companies (TJX, 3.6%). Compared with Q2 2025, it opened 12 new positions, sold out of 5, added to 28 and reduced 49. The biggest buy was a new position in Americold Realty Trust (COLD) and the biggest sale an exit from Willdan (WLDN).

Most Recent 13F
Q2 2026
Location
BURLINGTON, VT
CIK
0001301540
Portfolio Value
$377.4M (Q3 2025)
SEC Filing
0001301540-25-000009 ↗ filed Nov 12, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $336.7M Q1 2024 Q2 2024: $333.5M Q2 2024 Q3 2024: $366.3M Q3 2024 Q4 2024: $343.0M Q4 2024 Q1 2025: $324.2M Q1 2025 Q2 2025: $354.5M Q2 2025 Q3 2025: $377.4M $377.4M Q3 2025 Q4 2025: $399.5M Q4 2025 Q1 2026: $369.6M Q1 2026 Q2 2026: $408.9M Q2 2026

Holdings 116 stocks · $377.4M
C Citigroup Inc. 5.50% 204,367 $20.7M Reduce -13.6%
AAPL Apple Inc. 3.69% 54,711 $13.9M Reduce -1.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.58% 93,570 $13.5M Reduce -1.0%
SONY Sony Group Corp. - SP ADR 3.34% 438,405 $12.6M Reduce -1.2%
AVGO Broadcom Inc. 3.32% 37,960 $12.5M Reduce -19.8%
AES AES Corp. 3.25% 932,777 $12.3M Reduce -18.4%
APTV Aptiv PLC 3.23% 141,450 $12.2M Reduce -2.9%
CSCO Cisco Systems Inc. 3.22% 177,425 $12.1M Reduce -1.6%
KW Kennedy-Wilson Holdings Inc. 3.15% 1,429,360 $11.9M Reduce -1.6%
JEF Jefferies Financial Group Inc. 3.00% 173,234 $11.3M Reduce -0.1%
ACN Accenture PLC Class A 2.86% 43,738 $10.8M Add +53.4%
GOOGL Alphabet Inc. Class A 2.80% 43,404 $10.6M Reduce -3.8%
NEE Nextera Energy Inc. 2.43% 121,447 $9.2M Add +105.0%
DAL Delta Air Lines Inc. 2.30% 152,638 $8.7M Reduce -1.0%
AMRC Ameresco Inc. Class A 2.22% 250,017 $8.4M Reduce -41.5%
EVH Evolent Health Inc. Class A 2.19% 978,449 $8.3M Add +15.1%
AIG American International Group 2.13% 102,104 $8.0M Add +3.1%
WPC WP Carey Inc. 2.02% 112,990 $7.6M Reduce -0.6%
PCH Potlatchdeltic Corp. 1.98% 183,205 $7.5M Add +58.1%
FBP First Bancorp Puerto Rico 1.88% 321,446 $7.1M Reduce -0.7%
ATKR Atkore Inc. 1.80% 108,541 $6.8M Add +25.7%
GVA Granite Construction Inc. 1.72% 59,259 $6.5M Reduce -7.1%
GPN Global Payments Inc. 1.71% 77,792 $6.5M Reduce -0.3%
TXN Texas Instruments Inc. 1.65% 33,954 $6.2M Add +0.3%
NEXN Nexxen International Ltd. 1.64% 667,222 $6.2M Add +14.9%
GLW Corning Inc. 1.59% 73,185 $6.0M Reduce -39.5%
AKAM Akamai Technologies Inc. 1.58% 78,937 $6.0M Add +31.1%
CWEN.A Clearway Energy Inc. Class A 1.48% 207,429 $5.6M Add +1.9%
COLD Americold Realty Trust Inc. 1.46% 450,070 $5.5M New
MTLS Materialise NV-ADR 1.45% 984,295 $5.5M Add +0.3%
SAP Sap SE-Sponsored ADR 1.43% 20,156 $5.4M Reduce -0.1%
SYK Stryker Corp. 1.28% 13,059 $4.8M Reduce -2.0%
GIS General Mills Inc. 1.25% 93,640 $4.7M Add +3.1%
MTB M & T Bank Corp. filed as M & T BK CORP 1.25% 23,826 $4.7M Reduce -1.0%
T AT&T Inc. 1.22% 162,879 $4.6M Reduce -2.3%
CB Chubb Ltd. 1.21% 16,133 $4.6M Add +0.3%
UBER Uber Technologies Inc. 1.19% 45,985 $4.5M Reduce -1.4%
ALEX Alexander & Baldwin Inc. 1.05% 217,610 $4.0M Add +1.0%
SLVM Sylvamo Corp. 0.96% 82,049 $3.6M Add +81.6%
NLY Annaly Capital Management Inc. 0.86% 160,054 $3.2M Reduce -1.2%
PFE Pfizer Inc. 0.83% 123,667 $3.2M Add +31.6%
CFLT Confluent Inc. Class A 0.83% 158,367 $3.1M Add +62.6%
LIVN Livanova PLC 0.81% 58,535 $3.1M New
MU Micron Technology Inc. 0.79% 17,804 $3.0M Reduce -20.9%
BPOP Popular Inc. 0.65% 19,419 $2.5M Reduce -26.7%
MSFT Microsoft Corp. 0.60% 4,393 $2.3M Reduce -1.8%
BBY Best Buy Co. Inc. 0.59% 29,258 $2.2M Add +2.4%
AMWL American Well Corp. Class A 0.42% 259,171 $1.6M Add +49.3%
ESGV Vanguard ESG US Stock ETF 0.41% 13,200 $1.6M No change
GDX Vaneck Gold Miners ETF 0.35% 17,062 $1.3M Reduce -3.7%
IVV iShares Core S&P 500 ETF 0.31% 1,769 $1.2M Add +1.6%
JNJ Johnson & Johnson 0.29% 5,888 $1.1M Reduce -1.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.27% 11,884 $1.0M Reduce -11.5%
BKT BlackRock Income Trust 0.27% 92,173 $1.0M Reduce -1.8%
SUB iShares Short-Term National 0.24% 8,639 $922K Add +15.3%
SPDW Ste STR SPDR PT DW Eu ETF 0.23% 20,098 $860K Add +3.6%
GE General Electric filed as GE AEROSPACE 0.23% 2,849 $857K Reduce -3.2%
AEM Agnico Eagle Mines Ltd. 0.22% 4,985 $840K Reduce -5.8%
PG The Procter & Gamble Co. 0.21% 5,270 $810K No change
AGG iShares Core U.S. Aggregate 0.21% 8,046 $807K Reduce -1.2%
VSGX Vanguard ESG Intl Stock ETF 0.20% 10,700 $742K No change
MUB iShares National Muni Bond E 0.20% 6,936 $739K Add +31.5%
BSV Vanguard Short-Term Bond ETF 0.19% 9,065 $715K Add +9.0%
GSST Goldman Sachs Ultra Short Bo 0.16% 11,875 $602K No change
GBIL Goldman Sachs Access Treasur 0.16% 5,988 $600K No change
BND Vanguard Total Bond Market 0.16% 7,955 $592K No change
FLRN SS SPDR BB Ig Float RT ETF 0.15% 18,945 $585K Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 0.15% 1,152 $579K No change
PEP Pepsico Inc. 0.14% 3,662 $514K No change
SBI Western Asset Intermediate 0.13% 63,925 $506K Add +0.4%
CVX Chevron Corp. 0.13% 3,244 $504K No change
XWIAX Western Asset Infl-Link Sec 0.12% 55,385 $466K Reduce -7.0%
GEV GE Vernova Inc. 0.12% 715 $440K Reduce -5.9%
NEM Newmont Corp. 0.12% 5,198 $438K Reduce -6.3%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.11% 37,990 $433K Reduce -4.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 1,510 $426K No change
WPM Wheaton Precious Metals Corp. 0.11% 3,780 $423K Reduce -5.0%
RGLD Royal Gold Inc. 0.11% 2,000 $401K No change
XEVVX Eaton Vance Ltd. Durat Inc. 0.10% 38,549 $391K Reduce -1.4%
NVO Novo-Nordisk A/S-Spons ADR 0.10% 6,850 $380K No change
SGOV iShares 0-3 Month Treasury B 0.10% 3,759 $379K New
IYR iShares US Real Estate ETF 0.10% 3,895 $378K Reduce -16.0%
XOM Exxon Mobil Corp. 0.10% 3,237 $365K No change
RELX Relx PLC - Spon ADR 0.10% 7,635 $365K Reduce -2.2%
MMU Western Asset Managed Munici 0.10% 34,900 $361K Reduce -13.1%
SHM SS SPDR N Ice St Muni ETF 0.09% 7,315 $353K Add +4.5%
ORCL Oracle Corp. 0.09% 1,170 $329K Reduce -0.8%
GDXJ Vaneck Junior Gold Miners 0.09% 3,287 $326K No change
SCHB Schwab US Broad Market ETF 0.08% 12,243 $315K No change
VTI VG Morningstar TS MKT ETF-US 0.08% 900 $295K Reduce -7.7%
JPM JPMorgan Chase & Co. 0.08% 926 $292K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 2,540 $291K No change
BMI Badger Meter Inc. 0.08% 1,600 $286K No change
SCHA Schwab US Small-Cap ETF 0.07% 9,996 $279K Reduce -1.0%
LMT Lockheed Martin Corp. 0.07% 540 $270K No change
TMO Thermo Fisher Scientific Inc. 0.07% 548 $266K No change
ABBV Abbvie Inc. 0.07% 1,120 $259K Add +1.8%
BIIB Biogen Inc. 0.07% 1,840 $258K No change
CSX CSX Corp. 0.07% 7,200 $256K No change
TFC Truist Financial Corp. 0.07% 5,475 $250K No change
IJH iShares Core S&P Midcap ETF 0.07% 3,760 $245K Add +7.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 1,300 $242K New
GOOG Alphabet Inc. Class C 0.06% 988 $241K New
BNDX Vanguard Total Intl Bond ETF 0.06% 4,850 $240K No change
VEA Vanguard Ftse Developed ETF 0.06% 4,000 $240K Reduce -5.1%
QQQM Invesco Nasdaq 100 ETF 0.06% 950 $235K New
SPSM SS SPDR P S&P 600 Small Cap 0.06% 4,999 $232K New
TIP iShares Tips Bond ETF 0.06% 2,002 $223K No change
REGN Regeneron Pharmaceuticals 0.06% 380 $214K New
PAAS Pan American Silver Corp. 0.06% 5,462 $212K New
GLD SPDR Gold Shares 0.06% 595 $212K New
SCHM Schwab US Mid Cap ETF 0.06% 7,093 $210K Reduce -1.5%
VXUS Vanguard Total Intl Stock 0.06% 2,850 $209K New
SCHX Schwab US Large-Cap ETF 0.05% 7,650 $202K New
SABA Saba Capital Income & Opp II 0.04% 16,838 $154K No change
NUV Nuveen Municipal Value 0.03% 13,250 $119K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $5K (not counted above)
SecurityClassShares / PrincipalValueChange
BLACKROCK INCOME TR-RT RIGHT 10/20/2025 92,173$5KReduce -1.8%

Total filed on the 13F, all lines: $377.4M.

Portfolio Sells Q2 2025 → Q3 2025
WLDN Willdan Group Inc. Sold out 0.00% −2.60
PARAA Paramount Global Class B Sold out 0.00% −1.70
TGI Triumph Group Inc. Sold out 0.00% −1.15
AVGO Broadcom Inc. Reduce -19.8% 3.32% −0.36
CSCO Cisco Systems Inc. Reduce -1.6% 3.22% −0.31
SAP Sap SE-Sponsored ADR Reduce -0.1% 1.43% −0.30
SYK Stryker Corp. Reduce -2.0% 1.28% −0.21
GLW Corning Inc. Reduce -39.5% 1.59% −0.20
C Citigroup Inc. Reduce -13.6% 5.50% −0.18
BPOP Popular Inc. Reduce -26.7% 0.65% −0.17
T AT&T Inc. Reduce -2.3% 1.22% −0.14
AES AES Corp. Reduce -18.4% 3.25% −0.14
MTB M & T Bank Corp. Reduce -1.0% 1.25% −0.07
SPGI S&P Global Inc. Sold out 0.00% −0.06
GPN Global Payments Inc. Reduce -0.3% 1.71% −0.05
BKT BlackRock Income Trust Reduce -1.8% 0.27% −0.04
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -11.5% 0.27% −0.03
UBER Uber Technologies Inc. Reduce -1.4% 1.19% −0.03
FBP First Bancorp Puerto Rico Reduce -0.7% 1.88% −0.02
MSFT Microsoft Corp. Reduce -1.8% 0.60% −0.02
IYR iShares US Real Estate ETF Reduce -16.0% 0.10% −0.02
RELX Relx PLC - Spon ADR Reduce -2.2% 0.10% −0.02
STEM Stem Inc. Sold out 0.00% −0.02
XWIAX Western Asset Infl-Link Sec Reduce -7.0% 0.12% −0.02
MMU Western Asset Managed Munici Reduce -13.1% 0.10% −0.02
AGG iShares Core U.S. Aggregate Reduce -1.2% 0.21% −0.01
FLRN SS SPDR BB Ig Float RT ETF Reduce -0.5% 0.15% −0.01
XEVVX Eaton Vance Ltd. Durat Inc. Reduce -1.4% 0.10% −0.01
XNEAX Nuveen Amt-FR QLTY Muni Inc. Reduce -4.9% 0.11% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -7.7% 0.08% −0.01
VEA Vanguard Ftse Developed ETF Reduce -5.1% 0.06% −0.00
NLY Annaly Capital Management Inc. Reduce -1.2% 0.86% −0.00
SCHM Schwab US Mid Cap ETF Reduce -1.5% 0.06% −0.00
SCHA Schwab US Small-Cap ETF Reduce -1.0% 0.07% +0.00
GEV GE Vernova Inc. Reduce -5.9% 0.12% +0.00
MU Micron Technology Inc. Reduce -20.9% 0.79% +0.01
WPM Wheaton Precious Metals Corp. Reduce -5.0% 0.11% +0.01
GE General Electric Reduce -3.2% 0.23% +0.01
ORCL Oracle Corp. Reduce -0.8% 0.09% +0.01
WPC WP Carey Inc. Reduce -0.6% 2.02% +0.02
NEM Newmont Corp. Reduce -6.3% 0.12% +0.03
JNJ Johnson & Johnson Reduce -1.2% 0.29% +0.03
GVA Granite Construction Inc. Reduce -7.1% 1.72% +0.04
AEM Agnico Eagle Mines Ltd. Reduce -5.8% 0.22% +0.05
SONY Sony Group Corp. - SP ADR Reduce -1.2% 3.34% +0.09
GDX Vaneck Gold Miners ETF Reduce -3.7% 0.35% +0.09
DAL Delta Air Lines Inc. Reduce -1.0% 2.30% +0.16
TJX TJX Companies Inc. Reduce -1.0% 3.58% +0.29
JEF Jefferies Financial Group Inc. Reduce -0.1% 3.00% +0.33
KW Kennedy-Wilson Holdings Inc. Reduce -1.6% 3.15% +0.37

Portfolio Buys Q2 2025 → Q3 2025
COLD Americold Realty Trust Inc. New 1.46% +1.46
NEE Nextera Energy Inc. Add +105.0% 2.43% +1.27
LIVN Livanova PLC New 0.81% +0.81
PCH Potlatchdeltic Corp. Add +58.1% 1.98% +0.72
ACN Accenture PLC Class A Add +53.4% 2.86% +0.45
SLVM Sylvamo Corp. Add +81.6% 0.96% +0.32
AKAM Akamai Technologies Inc. Add +31.1% 1.58% +0.23
PFE Pfizer Inc. Add +31.6% 0.83% +0.19
CFLT Confluent Inc. Class A Add +62.6% 0.83% +0.15
SGOV iShares 0-3 Month Treasury B New 0.10% +0.10
ATKR Atkore Inc. Add +25.7% 1.80% +0.09
VTV Vanguard Mrngstr Val ETF-Aui New 0.06% +0.06
GOOG Alphabet Inc. Class C New 0.06% +0.06
QQQM Invesco Nasdaq 100 ETF New 0.06% +0.06
SPSM SS SPDR P S&P 600 Small Cap New 0.06% +0.06
REGN Regeneron Pharmaceuticals New 0.06% +0.06
PAAS Pan American Silver Corp. New 0.06% +0.06
GLD SPDR Gold Shares New 0.06% +0.06
VXUS Vanguard Total Intl Stock New 0.06% +0.06
SCHX Schwab US Large-Cap ETF New 0.05% +0.05
BBY Best Buy Co. Inc. Add +2.4% 0.59% +0.05
MUB iShares National Muni Bond E Add +31.5% 0.20% +0.04
SUB iShares Short-Term National Add +15.3% 0.24% +0.02
ABBV Abbvie Inc. Add +1.8% 0.07% +0.01
IVV iShares Core S&P 500 ETF Add +1.6% 0.31% +0.01
SPDW Ste STR SPDR PT DW Eu ETF Add +3.6% 0.23% +0.01
BSV Vanguard Short-Term Bond ETF Add +9.0% 0.19% +0.01
IJH iShares Core S&P Midcap ETF Add +7.7% 0.07% +0.00
SHM SS SPDR N Ice St Muni ETF Add +4.5% 0.09% −0.00
SBI Western Asset Intermediate Add +0.4% 0.13% −0.00
AMWL American Well Corp. Class A Add +49.3% 0.42% −0.01
ALEX Alexander & Baldwin Inc. Add +1.0% 1.05% −0.04
NEXN Nexxen International Ltd. Add +14.9% 1.64% −0.07
GIS General Mills Inc. Add +3.1% 1.25% −0.08
CB Chubb Ltd. Add +0.3% 1.21% −0.11
MTLS Materialise NV-ADR Add +0.3% 1.45% −0.11
CWEN.A Clearway Energy Inc. Class A Add +1.9% 1.48% −0.26
AIG American International Group Add +3.1% 2.13% −0.27
TXN Texas Instruments Inc. Add +0.3% 1.65% −0.33
EVH Evolent Health Inc. Class A Add +15.1% 2.19% −0.51

Notes & Other Activity Q2 2025 → Q3 2025
BLACKROCK INCOME TR-RT RIGHT 10/20/2025 Reduce -1.8% 92,173 $5K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 123$408.9MC, AAPL, CSCO, GOOGL, TJX
Q1 2026 118$369.6MC, TJX, AAPL, KW, GOOGL
Q4 2025 121$399.5MC, AAPL, TJX, CSCO, GOOGL
Q3 2025 116$377.4MC, AAPL, TJX, SONY, AVGO
Q2 2025 109$354.5MC, AVGO, CSCO, AES, TJX
Q1 2025 106$324.2MC, TJX, SONY, AAPL, AES
Q4 2024 105$343.0MC, JEF, AVGO, TJX, AAPL
Q3 2024 110$366.3MC, AES, TJX, AAPL, JEF
Q2 2024 103$333.5MC, TJX, JEF, SONY, AAPL
Q1 2024 107$336.7MC, JEF, SP, TJX, EVH