Select Asset Management & Trust

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Select Asset Management & Trust reported 76 stock positions worth $321.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 34.1% of the portfolio, followed by SS SPDR Dow Jones Indus Avg (DIA, 8.7%) and Vanguard Dividend Apprec ETF (VIG, 8.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 9, added to 17 and reduced 21. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +6%) and the biggest sale iShares MSCI Eafe ETF (EFA, shares −38%).

Most Recent 13F
Q2 2026
Location
MECHANICSBURG, PA
CIK
0001600636
Portfolio Value
$321.5M (Q4 2025)
SEC Filing
0001600636-26-000001 ↗ filed Feb 10, 2026

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 Q3 2025 Q4 2025: $321.5M $321.5M Q4 2025 Q1 2026: $320.2M Q1 2026 Q2 2026: $347.3M Q2 2026

Holdings 76 stocks · $321.5M
SPY SS SPDR S&P 500 ETF Trust-US 34.14% 160,946 $109.8M Add +6.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 8.73% 58,415 $28.1M Add +0.5%
VIG Vanguard Dividend Apprec ETF 8.38% 122,631 $27.0M Add +0.7%
VYM Vanguard High DVD Yield ETF 6.08% 136,235 $19.6M Add +0.0%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 4.62% 105,281 $14.9M Add +1.3%
EME Emcor Group Inc. 4.33% 22,773 $13.9M No change
EFA iShares MSCI Eafe ETF 3.24% 108,608 $10.4M Reduce -38.2%
OEF iShares S&P 100 ETF 3.03% 28,439 $9.8M Add +0.5%
AAPL Apple Inc. 2.91% 34,413 $9.4M Reduce -0.5%
USMV iShares MSCI USA Min Vol Fac 2.06% 70,420 $6.6M No change
XOM Exxon Mobil Corp. 1.76% 47,141 $5.7M Add +6.8%
VIGI Vanguard Int Div App Indx FD 1.60% 56,166 $5.1M Add +4.4%
VGK Vanguard Ftse Europe ETF 1.60% 61,342 $5.1M Add +1.2%
MSFT Microsoft Corp. 1.37% 9,128 $4.4M Reduce -1.0%
JPM JPMorgan Chase & Co. 1.32% 13,199 $4.3M Reduce -0.5%
AMZN Amazon.com Inc. 1.09% 15,214 $3.5M Reduce -0.6%
CSL Carlisle Cos Inc. 1.05% 10,509 $3.4M Reduce -8.7%
BRK.B Berkshire Hathaway Inc. Class B 0.98% 6,284 $3.2M Reduce -1.0%
MCD McDonald's Corp. 0.95% 9,996 $3.1M No change
GOOG Alphabet Inc. Class C 0.61% 6,242 $2.0M Reduce -8.1%
CWAN Clearwater Analytics HDS-A 0.54% 71,299 $1.7M No change
GDX Vaneck Gold Miners ETF 0.53% 20,000 $1.7M Reduce -33.3%
NVDA Nvidia Corp. 0.50% 8,695 $1.6M Add +0.4%
ABBV Abbvie Inc. 0.46% 6,500 $1.5M No change
VOO Vanguard S&P 500 ETF 0.46% 2,363 $1.5M No change
UTZ Utz Brands Inc. 0.36% 110,519 $1.1M Reduce -6.4%
META Meta Platforms Inc. Class A 0.28% 1,380 $911K Reduce -5.3%
PFE Pfizer Inc. 0.28% 36,342 $905K No change
HCA HCA Healthcare Inc. 0.25% 1,745 $815K No change
HSY The Hershey Co. 0.25% 4,403 $801K No change
EHC Encompass Health Corp. 0.24% 7,387 $784K Reduce -40.4%
VWO Vanguard Ftse Emerging Marke 0.23% 14,027 $754K Reduce -22.2%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.23% 2,365 $745K No change
CVX Chevron Corp. 0.22% 4,620 $704K Reduce -3.7%
BBT Beacon Financial Corp. 0.21% 26,101 $688K Reduce -19.1%
JNJ Johnson & Johnson 0.21% 3,285 $680K Reduce -7.1%
ABT Abbott Laboratories 0.20% 5,200 $652K No change
MRK Merck & Co. Inc. 0.19% 5,876 $619K No change
MA Mastercard Inc. Class A 0.19% 1,056 $603K Add +0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 10,307 $567K No change
XLF SS Financial Select Sector 0.17% 10,035 $550K No change
GOOGL Alphabet Inc. Class A 0.17% 1,750 $548K Reduce -2.5%
PPL PPL Corp. 0.17% 15,500 $543K Add +181.8%
BX Blackstone Inc. 0.17% 3,511 $541K No change
SHEL Shell PLC-ADR 0.16% 7,074 $520K No change
SLV iShares Silver Trust 0.16% 8,000 $515K No change
FDX FedEx Corp. 0.16% 1,780 $514K No change
CIE Financiere Richemon 0.16% 2,333 $507K No change
IVW iShares S&P 500 Growth ETF 0.14% 3,666 $452K No change
HEINEKEN HOLDING NV 0.14% 6,145 $451K No change
PM Philip Morris International 0.14% 2,783 $446K Add +6.1%
PAYC Paycom Software Inc. 0.12% 2,500 $398K No change
INTU Intuit Inc. 0.12% 600 $397K No change
C Citigroup Inc. 0.12% 3,274 $382K No change
V Visa Inc. Class A 0.12% 1,087 $381K New
NFLX Netflix Inc. 0.12% 4,050 $380K No change
LMT Lockheed Martin Corp. 0.11% 742 $359K Reduce -18.2%
NSRGY Nestle SA-Spons ADR 0.11% 3,532 $349K No change
NEE Nextera Energy Inc. 0.11% 4,288 $344K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 690 $337K No change
HD Home Depot Inc. 0.10% 969 $333K No change
PEG Public Service Enterprise GP 0.10% 4,103 $329K No change
Ashtead Group 0.10% 4,785 $328K Add +15.3%
SHOP Shopify Inc. Class A 0.10% 2,000 $322K No change
UBER Uber Technologies Inc. 0.10% 3,767 $308K Add +11.0%
MLM Martin Marietta Materials 0.09% 484 $301K Add +12.6%
VNQ Vanguard Real Estate ETF 0.09% 3,197 $283K No change
IBIT iShares Bitcoin Trust ETF 0.09% 5,655 $281K Add +62.8%
GS Goldman Sachs Group Inc. 0.08% 308 $271K Reduce -33.3%
GLD SPDR Gold Shares 0.08% 666 $264K Reduce -42.9%
IVE iShares S&P 500 Value ETF 0.08% 1,199 $254K No change
APD Air Products & Chemicals Inc. 0.08% 1,000 $247K No change
XLK SS Technology Select Sector 0.07% 1,640 $236K No change
CSCO Cisco Systems Inc. 0.07% 2,785 $215K New
PG The Procter & Gamble Co. 0.06% 1,451 $208K Reduce -1.1%
UA Under Armour Inc. Class C 0.02% 14,607 $70K No change

Portfolio Sells Q3 2025 → Q4 2025
EFA iShares MSCI Eafe ETF Reduce -38.2% 3.24% −1.81
EEM iShares MSCI Emerging Market Sold out 0.00% −1.26
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.84
SSO Proshares Ultra S&P500 Sold out 0.00% −0.24
EHC Encompass Health Corp. Reduce -40.4% 0.24% −0.24
GDX Vaneck Gold Miners ETF Reduce -33.3% 0.53% −0.17
CSL Carlisle Cos Inc. Reduce -8.7% 1.05% −0.12
TFC Truist Financial Corp. Sold out 0.00% −0.10
MSFT Microsoft Corp. Reduce -1.0% 1.37% −0.10
UTZ Utz Brands Inc. Reduce -6.4% 0.36% −0.08
BITB Bitwise Bitcoin ETF Sold out 0.00% −0.08
VWO Vanguard Ftse Emerging Marke Reduce -22.2% 0.23% −0.07
HON Honeywell International Inc. Sold out 0.00% −0.07
SPOT Spotify Technology SA Sold out 0.00% −0.06
DASH DoorDash Inc. Class A Sold out 0.00% −0.06
QXO Qxo Inc. Sold out 0.00% −0.06
META Meta Platforms Inc. Class A Reduce -5.3% 0.28% −0.05
GLD SPDR Gold Shares Reduce -42.9% 0.08% −0.05
GS Goldman Sachs Group Inc. Reduce -33.3% 0.08% −0.03
LMT Lockheed Martin Corp. Reduce -18.2% 0.11% −0.03
BBT Beacon Financial Corp. Reduce -19.1% 0.21% −0.02
CVX Chevron Corp. Reduce -3.7% 0.22% −0.01
PG The Procter & Gamble Co. Reduce -1.1% 0.06% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 0.98% +0.00
JNJ Johnson & Johnson Reduce -7.1% 0.21% +0.01
JPM JPMorgan Chase & Co. Reduce -0.5% 1.32% +0.03
GOOGL Alphabet Inc. Class A Reduce -2.5% 0.17% +0.04
AMZN Amazon.com Inc. Reduce -0.6% 1.09% +0.06
GOOG Alphabet Inc. Class C Reduce -8.1% 0.61% +0.10
AAPL Apple Inc. Reduce -0.5% 2.91% +0.20

Portfolio Buys Q3 2025 → Q4 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +6.0% 34.14% +2.99
DIA SS SPDR Dow Jones Indus Avg Add +0.5% 8.73% +0.43
VIG Vanguard Dividend Apprec ETF Add +0.7% 8.38% +0.29
XOM Exxon Mobil Corp. Add +6.8% 1.76% +0.23
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +1.3% 4.62% +0.22
VYM Vanguard High DVD Yield ETF Add +0.0% 6.08% +0.17
OEF iShares S&P 100 ETF Add +0.5% 3.03% +0.13
V Visa Inc. Class A New 0.12% +0.12
VIGI Vanguard Int Div App Indx FD Add +4.4% 1.60% +0.11
VGK Vanguard Ftse Europe ETF Add +1.2% 1.60% +0.11
PPL PPL Corp. Add +181.8% 0.17% +0.11
CSCO Cisco Systems Inc. New 0.07% +0.07
IBIT iShares Bitcoin Trust ETF Add +62.8% 0.09% +0.02
Ashtead Group Add +15.3% 0.10% +0.02
MLM Martin Marietta Materials Add +12.6% 0.09% +0.01
PM Philip Morris International Add +6.1% 0.14% +0.01
NVDA Nvidia Corp. Add +0.4% 0.50% +0.01
MA Mastercard Inc. Class A Add +0.7% 0.19% +0.00
UBER Uber Technologies Inc. Add +11.0% 0.10% −0.01

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