Spinnaker Trust
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Spinnaker Trust reported 280 stock positions worth $1.5 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 8.6% of the portfolio, followed by iShares Trust iShares ESG Aw (ESGD, 5.6%) and SS Technology Select Sector (XLK, 5.4%). Compared with Q4 2024, it opened 16 new positions, sold out of 17, added to 55 and reduced 122. The biggest buy was a new position in Ares Capital (ARCC) and the biggest sale SS Technology Select Sector (XLK, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, ME
- CIK
- 0001158970
- Portfolio Value
- $1.5B (Q1 2025)
- SEC Filing
- 0001158970-25-000004 ↗ filed Apr 25, 2025
Holdings Value
Holdings 280 stocks · $1.5B
| SPYM Ste STR SPDR PT S&P 500 ETF | 8.59% | 2,001,617 | $131.6M | Add +10.8% |
| ESGD iShares Trust iShares ESG Aw | 5.63% | 1,054,975 | $86.2M | Reduce -12.2% |
| XLK SS Technology Select Sector | 5.43% | 402,588 | $83.1M | Reduce -2.9% |
| SUSA iShares ESG Optimized MSCI U | 4.54% | 605,262 | $69.5M | Reduce -2.9% |
| ISTB iShares Core 1-5 Year Usd Bo | 4.35% | 1,378,330 | $66.6M | Reduce -8.4% |
| MMM 3M Co. | 3.93% | 409,797 | $60.2M | Reduce -1.8% |
| AAPL Apple Inc. | 3.12% | 215,437 | $47.9M | Reduce -3.2% |
| MSFT Microsoft Corp. | 2.79% | 113,936 | $42.8M | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.72% | 78,187 | $41.6M | Reduce -6.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 2.18% | 819,443 | $33.4M | Reduce -1.8% |
| XLV SS Health Care Select Sector | 1.77% | 185,977 | $27.2M | Reduce -4.2% |
| IAU iShares Gold Trust | 1.66% | 431,943 | $25.5M | Add +3.4% |
| XLF SS Financial Select Sector | 1.59% | 488,312 | $24.3M | Add +58.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.42% | 38,969 | $21.8M | Add +0.8% |
| XLY SS Consumer Disc Select Sect | 1.33% | 103,332 | $20.4M | Reduce -16.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 1.20% | 675,196 | $18.4M | Reduce -17.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.17% | 38,245 | $17.9M | Reduce -18.1% |
| GOOG Alphabet Inc. Class C | 1.14% | 111,888 | $17.5M | Reduce -1.4% |
| GSST Goldman Sachs Ultra Short Bo | 1.05% | 317,399 | $16.0M | Reduce -8.1% |
| HD Home Depot Inc. | 1.04% | 43,530 | $16.0M | Reduce -5.1% |
| JPM JPMorgan Chase & Co. | 1.00% | 62,438 | $15.3M | Reduce -9.0% |
| AMZN Amazon.com Inc. | 0.90% | 72,733 | $13.8M | Add +1.9% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.90% | 301,245 | $13.8M | Add +1.2% |
| XLC SS Comm Select Sector SPDR | 0.85% | 135,334 | $13.1M | Reduce -2.8% |
| USXF iShares ESG Advance MSCI USA | 0.83% | 272,390 | $12.7M | Reduce -18.2% |
| LLY Eli Lilly & Co. | 0.81% | 15,070 | $12.4M | Reduce -13.7% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.79% | 247,596 | $12.1M | Add +14.4% |
| RTX RTX Corp. | 0.77% | 89,417 | $11.8M | Reduce -5.4% |
| ARCC Ares Capital Corp. | 0.74% | 513,981 | $11.4M | New |
| VSGX Vanguard ESG Intl Stock ETF | 0.72% | 187,644 | $11.1M | Reduce -21.2% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.72% | 455,474 | $11.0M | Add +21.8% |
| V Visa Inc. Class A | 0.70% | 30,809 | $10.8M | Reduce -0.3% |
| IBDR iShares Ibonds Dec 2026 Term | 0.68% | 430,389 | $10.4M | Add +28.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.68% | 13 | $10.4M | Reduce -7.1% |
| WEX Wex Inc. | 0.67% | 65,633 | $10.3M | No change |
| AVGO Broadcom Inc. | 0.62% | 57,180 | $9.6M | Reduce -2.1% |
| CVX Chevron Corp. | 0.61% | 55,961 | $9.4M | Reduce -1.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.59% | 356,875 | $9.0M | Add +19.5% |
| BBCA JPMorgan Betabuilders Canada | 0.59% | 125,428 | $9.0M | Add +524.8% |
| INDA iShares MSCI India ETF | 0.57% | 168,852 | $8.7M | Reduce -28.2% |
| URA Global X Uranium ETF | 0.56% | 372,094 | $8.5M | Add +6.0% |
| BLK BlackRock Inc. | 0.54% | 8,784 | $8.3M | Reduce -7.1% |
| XOM Exxon Mobil Corp. | 0.54% | 69,426 | $8.3M | Reduce -1.1% |
| NVDA Nvidia Corp. | 0.53% | 75,132 | $8.1M | Reduce -0.1% |
| EWT iShares MSCI Taiwan ETF | 0.52% | 168,614 | $8.0M | Reduce -15.4% |
| XLP SS Consumer Staples Sel Sect | 0.51% | 95,340 | $7.8M | Reduce -9.7% |
| UNH Unitedhealth Group Inc. | 0.49% | 14,303 | $7.5M | Add +0.9% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.48% | 290,886 | $7.3M | Add +24.9% |
| GOOGL Alphabet Inc. Class A | 0.47% | 46,416 | $7.2M | Add +1.0% |
| GEM Goldman Sachs Activebeta Em | 0.47% | 215,340 | $7.1M | Reduce -11.3% |
| COST Costco Wholesale Corp. | 0.46% | 7,493 | $7.1M | Reduce -0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.45% | 37,115 | $6.9M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.44% | 39,618 | $6.8M | Reduce -8.3% |
| ADP Automatic Data Processing | 0.44% | 21,891 | $6.7M | Reduce -3.6% |
| WMT Walmart Inc. | 0.44% | 76,067 | $6.7M | Reduce -14.2% |
| CRM Salesforce Inc. | 0.43% | 24,488 | $6.6M | Reduce -0.9% |
| NSRGY Nestle SA-Spons ADR | 0.42% | 63,929 | $6.5M | Reduce -7.4% |
| CAT Caterpillar Inc. | 0.42% | 19,560 | $6.5M | Reduce -8.2% |
| DE Deere & Co. | 0.42% | 13,712 | $6.4M | Reduce -2.7% |
| UBER Uber Technologies Inc. | 0.41% | 85,774 | $6.2M | Add +3.8% |
| JNJ Johnson & Johnson | 0.41% | 37,559 | $6.2M | Reduce -4.8% |
| STLD Steel Dynamics Inc. | 0.41% | 49,681 | $6.2M | Reduce -1.0% |
| XLI SS Industrial Select Sector | 0.40% | 46,568 | $6.1M | Reduce -20.6% |
| NEE Nextera Energy Inc. | 0.39% | 83,954 | $6.0M | Reduce -5.3% |
| FBND Fidelity Total Bond ETF | 0.38% | 128,862 | $5.9M | Add +6.7% |
| FHLC Fidelity MSCI Health Care | 0.36% | 81,327 | $5.6M | Add +12.3% |
| ABT Abbott Laboratories | 0.35% | 40,973 | $5.4M | Reduce -3.3% |
| PLD Prologis Inc. | 0.35% | 48,472 | $5.4M | Reduce -2.4% |
| TMO Thermo Fisher Scientific Inc. | 0.34% | 10,600 | $5.3M | Reduce -0.1% |
| CHD Church & Dwight Co. Inc. | 0.34% | 47,113 | $5.2M | Reduce -1.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.34% | 20,011 | $5.2M | Reduce -3.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.33% | 30,375 | $5.0M | Add +1237.5% |
| SOXX iShares Semiconductor ETF | 0.31% | 25,473 | $4.8M | Add +5.5% |
| ESGU iShares ESG Aware MSCI USA | 0.31% | 39,280 | $4.8M | Add +13.5% |
| IBDU iShares Ibonds Dec 2029 Term | 0.30% | 198,097 | $4.6M | Add +48.0% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 60,409 | $4.6M | Reduce -19.2% |
| PEP Pepsico Inc. | 0.29% | 29,904 | $4.5M | Reduce -3.2% |
| CSCO Cisco Systems Inc. | 0.29% | 71,732 | $4.4M | Reduce -8.3% |
| ADBE Adobe Inc. | 0.28% | 11,088 | $4.3M | Add +5.9% |
| WELL Welltower Inc. | 0.26% | 25,824 | $4.0M | Reduce -17.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 15,767 | $3.9M | Reduce -3.6% |
| IJR iShares Core S&P Small-Cap E | 0.25% | 37,150 | $3.9M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.25% | 7,063 | $3.9M | Add +3.1% |
| MRK Merck & Co. Inc. | 0.25% | 42,655 | $3.8M | Add +1.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.25% | 62,101 | $3.8M | Reduce -44.5% |
| GEHC GE Healthcare Technology | 0.24% | 46,333 | $3.7M | Add +0.5% |
| MCD McDonald's Corp. | 0.24% | 11,607 | $3.6M | Reduce -15.7% |
| TXN Texas Instruments Inc. | 0.23% | 19,203 | $3.5M | Reduce -62.9% |
| ABBV Abbvie Inc. | 0.23% | 16,451 | $3.4M | Reduce -2.0% |
| KMI Kinder Morgan Inc. | 0.21% | 113,805 | $3.2M | Reduce -16.7% |
| AAXJ iShares MSCI All Country Asi | 0.20% | 40,665 | $3.0M | Reduce -21.2% |
| MFC Manulife Financial Corp. | 0.19% | 94,901 | $3.0M | Reduce -19.7% |
| T AT&T Inc. | 0.18% | 98,548 | $2.8M | Reduce -16.7% |
| MDY State Street SPDR S&P Midcap | 0.18% | 5,057 | $2.7M | Reduce -0.2% |
| EMR Emerson Electric Co. | 0.17% | 24,178 | $2.7M | No change |
| AMGN Amgen Inc. | 0.17% | 8,398 | $2.6M | Add +1.3% |
| PFE Pfizer Inc. | 0.17% | 102,515 | $2.6M | Reduce -5.9% |
| HON Honeywell International Inc. | 0.16% | 11,598 | $2.5M | Add +2.4% |
| APO Apollo Global Management Inc. | 0.16% | 17,924 | $2.5M | New |
| DDEC FT Vest U.S. Equity Deep Buf | 0.15% | 57,858 | $2.3M | Reduce -57.4% |
Portfolio Sells Q4 2024 → Q1 2025
| XLK SS Technology Select Sector | Reduce -2.9% | 5.43% | −0.66 |
| XLY SS Consumer Disc Select Sect | Reduce -16.1% | 1.33% | −0.41 |
| AAPL Apple Inc. | Reduce -3.2% | 3.12% | −0.39 |
| TXN Texas Instruments Inc. | Reduce -62.9% | 0.23% | −0.39 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -18.1% | 1.17% | −0.33 |
| MSFT Microsoft Corp. | Reduce -2.8% | 2.79% | −0.33 |
| SUSA iShares ESG Optimized MSCI U | Reduce -2.9% | 4.54% | −0.24 |
| AVGO Broadcom Inc. | Reduce -2.1% | 0.62% | −0.23 |
| GOOG Alphabet Inc. Class C | Reduce -1.4% | 1.14% | −0.22 |
| USXF iShares ESG Advance MSCI USA | Reduce -18.2% | 0.83% | −0.21 |
| INDA iShares MSCI India ETF | Reduce -28.2% | 0.57% | −0.21 |
| DDEC FT Vest U.S. Equity Deep Buf | Reduce -57.4% | 0.15% | −0.20 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.8% | 2.18% | −0.18 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -8.4% | 4.35% | −0.18 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -44.5% | 0.25% | −0.16 |
| CRAI Cra International Inc. | Reduce -67.9% | 0.06% | −0.14 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -17.1% | 1.20% | −0.14 |
| ESGD iShares Trust iShares ESG Aw | Reduce -12.2% | 5.63% | −0.14 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -21.2% | 0.72% | −0.13 |
| EWT iShares MSCI Taiwan ETF | Reduce -15.4% | 0.52% | −0.13 |
| VSS Vanguard Ftse All Wo X-US SC | Sold out | 0.00% | −0.12 |
| NVDA Nvidia Corp. | Reduce -0.1% | 0.53% | −0.11 |
| CRM Salesforce Inc. | Reduce -0.9% | 0.43% | −0.09 |
| XLI SS Industrial Select Sector | Reduce -20.6% | 0.40% | −0.09 |
| HD Home Depot Inc. | Reduce -5.1% | 1.04% | −0.08 |
| WMT Walmart Inc. | Reduce -14.2% | 0.44% | −0.07 |
| BLK BlackRock Inc. | Reduce -7.1% | 0.54% | −0.07 |
| CAT Caterpillar Inc. | Reduce -8.2% | 0.42% | −0.07 |
| PSA Public Storage | Sold out | 0.00% | −0.07 |
| CCI Crown Castle Inc. | Reduce -70.3% | 0.03% | −0.06 |
| KRBN KS Global Carbon Stratgy ETF | Sold out | 0.00% | −0.05 |
| GSST Goldman Sachs Ultra Short Bo | Reduce -8.1% | 1.05% | −0.05 |
| BBJP JPMorgan Betabuilders Japan | Sold out | 0.00% | −0.04 |
| DOW Dow Inc. | Reduce -25.9% | 0.08% | −0.04 |
| TSLA Tesla Inc. | Reduce -11.1% | 0.06% | −0.04 |
| AAXJ iShares MSCI All Country Asi | Reduce -21.2% | 0.20% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -13.7% | 0.81% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -9.0% | 1.00% | −0.04 |
| MFC Manulife Financial Corp. | Reduce -19.7% | 0.19% | −0.04 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -19.2% | 0.30% | −0.03 |
| UPS United Parcel Service Class B | Reduce -15.3% | 0.10% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -16.7% | 0.21% | −0.02 |
| GEM Goldman Sachs Activebeta Em | Reduce -11.3% | 0.47% | −0.02 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.02 |
| SPGP Invesco S&P 500 Garp ETF | Sold out | 0.00% | −0.02 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.02 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -13.0% | 0.11% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| ARCC Ares Capital Corp. | New | 0.74% | +0.74 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +10.8% | 8.59% | +0.74 |
| XLF SS Financial Select Sector | Add +58.1% | 1.59% | +0.65 |
| BBCA JPMorgan Betabuilders Canada | Add +524.8% | 0.59% | +0.50 |
| IAU iShares Gold Trust | Add +3.4% | 1.66% | +0.36 |
| TSM Taiwan Semiconductor-SP ADR | Add +1237.5% | 0.33% | +0.30 |
| IBDR iShares Ibonds Dec 2026 Term | Add +28.5% | 0.68% | +0.17 |
| APO Apollo Global Management Inc. | New | 0.16% | +0.16 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +21.8% | 0.72% | +0.15 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +19.5% | 0.59% | +0.12 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +24.9% | 0.48% | +0.11 |
| IBDU iShares Ibonds Dec 2029 Term | Add +48.0% | 0.30% | +0.11 |
| BX Blackstone Inc. | New | 0.11% | +0.11 |
| RSP Invesco S&P 500 Equal Weight | New | 0.10% | +0.10 |
| UBER Uber Technologies Inc. | Add +3.8% | 0.41% | +0.09 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +14.4% | 0.79% | +0.09 |
| FHLC Fidelity MSCI Health Care | Add +12.3% | 0.36% | +0.06 |
| FBND Fidelity Total Bond ETF | Add +6.7% | 0.38% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +0.9% | 0.49% | +0.04 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +165.6% | 0.06% | +0.04 |
| AMGN Amgen Inc. | Add +1.3% | 0.17% | +0.03 |
| ESGU iShares ESG Aware MSCI USA | Add +13.5% | 0.31% | +0.03 |
| FTNT Fortinet Inc. | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | Add +3.1% | 0.25% | +0.03 |
| SO The Southern Co. | New | 0.02% | +0.02 |
| IBMO iShares Ibonds Dec 2026 Term | Add +32.5% | 0.08% | +0.02 |
| IBMP iShares Ibonds Dec 2027 Term | Add +20.6% | 0.09% | +0.02 |
| VZ Verizon Communications Inc. | Add +7.4% | 0.09% | +0.02 |
| WSM Williams-Sonoma Inc. | New | 0.02% | +0.02 |
| ED Consolidated Edison Inc. | New | 0.02% | +0.02 |
| KLAC KLA Corp. | New | 0.02% | +0.02 |
| GEHC GE Healthcare Technology | Add +0.5% | 0.24% | +0.02 |
| CNR Core Natural Resources Inc. | New | 0.02% | +0.02 |
| CMI Cummins Inc. | New | 0.02% | +0.02 |
| ESS Essex Property Trust Inc. | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +1.6% | 0.08% | +0.02 |
| KO The Coca-Cola Co. | Add +2.2% | 0.08% | +0.01 |
| SHEL Shell PLC-ADR | New | 0.01% | +0.01 |
| DMAR FT Vest US Equity Deep Buffe | New | 0.01% | +0.01 |
| TIGO Millicom Intl Cellular S.A. | New | 0.01% | +0.01 |
| CME Cme Group Inc. | New | 0.01% | +0.01 |
| APD Air Products & Chemicals Inc. | Add +12.2% | 0.08% | +0.01 |
| IDXX Idexx Laboratories Inc. | Add +4.3% | 0.13% | +0.01 |
| IBMN iShares Ibonds Dec 2025 Term | Add +21.9% | 0.06% | +0.01 |
| IBMQ iShares Ibonds Dec 2028 Muni | Add +10.1% | 0.08% | +0.01 |
| ITW Illinois Tool Works | Add +11.8% | 0.08% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.8% | 0.04% | +0.01 |
| LOW Lowe's Cos Inc. | Add +54.2% | 0.02% | +0.01 |
| EAGG iShares ESG Aware US Aggrega | Add +8.5% | 0.05% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +3.9% | 0.09% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 309 | $2.1B | SPYM, XLK, ESGD, SUSA, ISTB |
| Q1 2026 | 285 | $1.8B | SPYM, XLK, ESGD, SUSA, ISTB |
| Q4 2025 | 297 | $1.9B | SPYM, XLK, ESGD, SUSA, ISTB |
| Q3 2025 | 292 | $1.8B | SPYM, XLK, ESGD, SUSA, ISTB |
| Q2 2025 | 290 | $1.7B | SPYM, XLK, ESGD, SUSA, ISTB |
| Q1 2025 | 280 | $1.5B | SPYM, ESGD, XLK, SUSA, ISTB |
| Q4 2024 | 281 | $1.6B | SPYM, XLK, ESGD, SUSA, ISTB |
| Q3 2024 | 285 | $1.6B | ESGD, XLK, SUSA, DDEC, MMM |
| Q2 2024 | 273 | $1.6B | XLK, ESGD, SUSA, DDEC, ISTB |
| Q1 2024 | 268 | $1.5B | ESGD, XLK, SUSA, DDEC, ISTB |