Select Asset Management & Trust

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Select Asset Management & Trust reported 83 stock positions worth $324.8 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 31.1% of the portfolio, followed by SS SPDR Dow Jones Indus Avg (DIA, 8.3%) and Vanguard Dividend Apprec ETF (VIG, 8.1%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 21 and reduced 4. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +6%) and the biggest sale an exit from Newmont (NEM).

Most Recent 13F
Q2 2026
Location
MECHANICSBURG, PA
CIK
0001600636
Portfolio Value
$324.8M (Q3 2025)
SEC Filing
0001600636-25-000005 ↗ filed Oct 30, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $240.7M Q1 2024 Q2 2024: $250.9M Q2 2024 Q3 2024: $271.5M Q3 2024 Q4 2024: $258.0M Q4 2024 Q1 2025: $249.5M Q1 2025 Q2 2025: $291.9M Q2 2025 Q3 2025: $324.8M $324.8M Q3 2025 Q4 2025: $321.5M Q4 2025 Q1 2026: $320.2M Q1 2026 Q2 2026: $347.3M Q2 2026

Holdings 83 stocks · $324.8M
SPY SS SPDR S&P 500 ETF Trust-US 31.15% 151,842 $101.2M Add +6.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 8.30% 58,149 $27.0M Add +0.8%
VIG Vanguard Dividend Apprec ETF 8.09% 121,789 $26.3M Add +0.2%
VYM Vanguard High DVD Yield ETF 5.91% 136,217 $19.2M Add +0.4%
EFA iShares MSCI Eafe ETF 5.05% 175,654 $16.4M Add +1.0%
EME Emcor Group Inc. 4.55% 22,773 $14.8M No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 4.41% 103,909 $14.3M Add +0.9%
OEF iShares S&P 100 ETF 2.90% 28,289 $9.4M Add +0.9%
AAPL Apple Inc. 2.71% 34,591 $8.8M Add +0.4%
USMV iShares MSCI USA Min Vol Fac 2.06% 70,420 $6.7M No change
XOM Exxon Mobil Corp. 1.53% 44,141 $5.0M No change
VGK Vanguard Ftse Europe ETF 1.49% 60,608 $4.8M Add +5.8%
VIGI Vanguard Int Div App Indx FD 1.48% 53,821 $4.8M Add +3.8%
MSFT Microsoft Corp. 1.47% 9,222 $4.8M Add +0.3%
JPM JPMorgan Chase & Co. 1.29% 13,262 $4.2M No change
EEM iShares MSCI Emerging Market 1.26% 76,550 $4.1M Add +30.7%
CSL Carlisle Cos Inc. 1.17% 11,509 $3.8M No change
AMZN Amazon.com Inc. 1.03% 15,303 $3.4M No change
BRK.B Berkshire Hathaway Inc. Class B 0.98% 6,346 $3.2M Add +0.6%
MCD McDonald's Corp. 0.94% 9,996 $3.0M No change
IJR iShares Core S&P Small-Cap E 0.84% 23,001 $2.7M New
GDX Vaneck Gold Miners ETF 0.71% 30,000 $2.3M No change
GOOG Alphabet Inc. Class C 0.51% 6,789 $1.7M Reduce -1.9%
NVDA Nvidia Corp. 0.50% 8,657 $1.6M Reduce -5.5%
EHC Encompass Health Corp. 0.48% 12,387 $1.6M Add +67.7%
ABBV Abbvie Inc. 0.46% 6,500 $1.5M No change
VOO Vanguard S&P 500 ETF 0.45% 2,363 $1.4M No change
UTZ Utz Brands Inc. 0.44% 118,038 $1.4M No change
CWAN Clearwater Analytics HDS-A 0.40% 71,299 $1.3M No change
META Meta Platforms Inc. Class A 0.33% 1,458 $1.1M Add +1.8%
VWO Vanguard Ftse Emerging Marke 0.30% 18,027 $977K No change
PFE Pfizer Inc. 0.29% 36,342 $926K No change
HSY The Hershey Co. 0.25% 4,403 $824K No change
SSO Proshares Ultra S&P500 0.24% 7,000 $785K Reduce -30.0%
BBT Beacon Financial Corp. 0.24% 32,245 $764K No change
CVX Chevron Corp. 0.23% 4,797 $745K Add +0.5%
HCA HCA Healthcare Inc. 0.23% 1,745 $744K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.22% 2,365 $728K No change
ABT Abbott Laboratories 0.21% 5,200 $696K No change
JNJ Johnson & Johnson 0.20% 3,535 $655K No change
BX Blackstone Inc. 0.18% 3,511 $600K No change
MA Mastercard Inc. Class A 0.18% 1,049 $597K No change
XLF SS Financial Select Sector 0.17% 10,035 $541K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 10,307 $532K No change
PAYC Paycom Software Inc. 0.16% 2,500 $520K No change
SHEL Shell PLC-ADR 0.16% 7,074 $506K No change
MRK Merck & Co. Inc. 0.15% 5,876 $493K No change
NFLX Netflix Inc. 0.15% 405 $486K No change
LMT Lockheed Martin Corp. 0.14% 907 $453K No change
CIE Financiere Richemon 0.14% 2,333 $444K No change
IVW iShares S&P 500 Growth ETF 0.14% 3,666 $443K No change
GOOGL Alphabet Inc. Class A 0.13% 1,794 $436K Add +9.5%
PM Philip Morris International 0.13% 2,622 $425K Reduce -3.2%
HEINEKEN HOLDING NV 0.13% 6,145 $421K Add +16.3%
FDX FedEx Corp. 0.13% 1,780 $420K Add +39.1%
GLD SPDR Gold Shares 0.13% 1,166 $414K New
INTU Intuit Inc. 0.13% 600 $410K No change
HD Home Depot Inc. 0.12% 969 $393K No change
GS Goldman Sachs Group Inc. 0.11% 462 $368K No change
PEG Public Service Enterprise GP 0.11% 4,103 $342K No change
SLV iShares Silver Trust 0.10% 8,000 $339K No change
C Citigroup Inc. 0.10% 3,274 $332K No change
UBER Uber Technologies Inc. 0.10% 3,393 $332K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 690 $331K No change
NSRGY Nestle SA-Spons ADR 0.10% 3,532 $324K No change
NEE Nextera Energy Inc. 0.10% 4,288 $324K Add +11.0%
TFC Truist Financial Corp. 0.10% 7,097 $324K No change
SHOP Shopify Inc. Class A 0.09% 2,000 $297K No change
VNQ Vanguard Real Estate ETF 0.09% 3,197 $292K Add +1.7%
Ashtead Group 0.09% 4,152 $277K No change
APD Air Products & Chemicals Inc. 0.08% 1,000 $273K No change
MLM Martin Marietta Materials 0.08% 430 $271K No change
BITB Bitwise Bitcoin ETF 0.08% 4,190 $261K No change
IVE iShares S&P 500 Value ETF 0.08% 1,199 $248K No change
XLK SS Technology Select Sector 0.07% 820 $231K No change
IBIT iShares Bitcoin Trust ETF 0.07% 3,473 $226K New
PG The Procter & Gamble Co. 0.07% 1,467 $225K No change
HON Honeywell International Inc. 0.07% 1,000 $211K No change
SPOT Spotify Technology SA 0.06% 300 $209K No change
DASH DoorDash Inc. Class A 0.06% 758 $206K New
PPL PPL Corp. 0.06% 5,500 $204K New
QXO Qxo Inc. 0.06% 10,000 $191K New
UA Under Armour Inc. Class C 0.02% 14,607 $71K New

Portfolio Sells Q2 2025 → Q3 2025
NEM Newmont Corp. Sold out 0.00% −0.11
SSO Proshares Ultra S&P500 Reduce -30.0% 0.24% −0.09
PM Philip Morris International Reduce -3.2% 0.13% −0.04
AETHER GLOBAL INNOVATIONS CO Sold out 0.00% −0.00
NVDA Nvidia Corp. Reduce -5.5% 0.50% +0.00
GOOG Alphabet Inc. Class C Reduce -1.9% 0.51% +0.09

Portfolio Buys Q2 2025 → Q3 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +6.1% 31.15% +0.84
IJR iShares Core S&P Small-Cap E New 0.84% +0.84
EEM iShares MSCI Emerging Market Add +30.7% 1.26% +0.29
AAPL Apple Inc. Add +0.4% 2.71% +0.29
EHC Encompass Health Corp. Add +67.7% 0.48% +0.17
GLD SPDR Gold Shares New 0.13% +0.13
IBIT iShares Bitcoin Trust ETF New 0.07% +0.07
DASH DoorDash Inc. Class A New 0.06% +0.06
PPL PPL Corp. New 0.06% +0.06
QXO Qxo Inc. New 0.06% +0.06
GOOGL Alphabet Inc. Class A Add +9.5% 0.13% +0.04
FDX FedEx Corp. Add +39.1% 0.13% +0.03
UA Under Armour Inc. Class C New 0.02% +0.02
NEE Nextera Energy Inc. Add +11.0% 0.10% +0.01
CVX Chevron Corp. Add +0.5% 0.23% −0.00
HEINEKEN HOLDING NV Add +16.3% 0.13% −0.01
VNQ Vanguard Real Estate ETF Add +1.7% 0.09% −0.01
OEF iShares S&P 100 ETF Add +0.9% 2.90% −0.02
VGK Vanguard Ftse Europe ETF Add +5.8% 1.49% −0.03
META Meta Platforms Inc. Class A Add +1.8% 0.33% −0.03
BRK.B Berkshire Hathaway Inc. Class B Add +0.6% 0.98% −0.07
MSFT Microsoft Corp. Add +0.3% 1.47% −0.09
VIGI Vanguard Int Div App Indx FD Add +3.8% 1.48% −0.12
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +0.9% 4.41% −0.22
EFA iShares MSCI Eafe ETF Add +1.0% 5.05% −0.28
VYM Vanguard High DVD Yield ETF Add +0.4% 5.91% −0.29
DIA SS SPDR Dow Jones Indus Avg Add +0.8% 8.30% −0.41
VIG Vanguard Dividend Apprec ETF Add +0.2% 8.09% −0.43

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 79$347.3MSPY, DIA, VIG, MGV, RSP
Q1 2026 77$320.2MSPY, DIA, VIG, MGV, EME
Q4 2025 76$321.5MSPY, DIA, VIG, VYM, MGV
Q3 2025 83$324.8MSPY, DIA, VIG, VYM, EFA
Q2 2025 78$291.9MSPY, DIA, VIG, VYM, EFA
Q1 2025 71$249.5MSPY, DIA, VIG, VYM, EFA
Q4 2024 72$258.0MSPY, DIA, VIG, OEF, VYM
Q3 2024 69$271.5MSPY, DIA, OEF, VIG, VYM
Q2 2024 65$250.9MSPY, DIA, OEF, VYM, VIG
Q1 2024 65$240.7MSPY, DIA, EFA, OEF, VYM