Spinnaker Trust
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Spinnaker Trust reported 292 stock positions worth $1.8 billion. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 9.2% of the portfolio, followed by SS Technology Select Sector (XLK, 6.3%) and iShares Trust iShares ESG Aw (ESGD, 5.4%). Compared with Q2 2025, it opened 12 new positions, sold out of 10, added to 66 and reduced 87. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +25%) and the biggest sale iShares ESG Advance MSCI USA (USXF, shares −43%).
- Most Recent 13F
- Q2 2026
- Location
- PORTLAND, ME
- CIK
- 0001158970
- Portfolio Value
- $1.8B (Q3 2025)
- SEC Filing
- 0001158970-25-000008 ↗ filed Nov 5, 2025
Holdings Value
Holdings 292 stocks · $1.8B
| SPYM Ste STR SPDR PT S&P 500 ETF | 9.24% | 2,125,087 | $166.5M | Add +3.5% |
| XLK SS Technology Select Sector | 6.27% | 400,870 | $113.0M | Add +0.3% |
| ESGD iShares Trust iShares ESG Aw | 5.41% | 1,049,501 | $97.6M | Add +0.7% |
| SUSA iShares ESG Optimized MSCI U | 4.43% | 589,020 | $79.9M | Reduce -0.9% |
| ISTB iShares Core 1-5 Year Usd Bo | 3.65% | 1,345,877 | $65.7M | Add +0.6% |
| MMM 3M Co. | 3.50% | 406,297 | $63.0M | Reduce -0.8% |
| MSFT Microsoft Corp. | 3.32% | 115,694 | $59.9M | Reduce -0.0% |
| AAPL Apple Inc. | 2.98% | 211,078 | $53.7M | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.76% | 99,118 | $49.8M | Add +25.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.82% | 553,724 | $32.8M | Add +9.6% |
| IAU iShares Gold Trust | 1.81% | 448,518 | $32.6M | Add +2.3% |
| XLF SS Financial Select Sector | 1.51% | 505,177 | $27.2M | Add +2.5% |
| XLV SS Health Care Select Sector | 1.42% | 183,911 | $25.6M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.37% | 101,487 | $24.7M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.35% | 36,656 | $24.4M | Add +0.1% |
| XLY SS Consumer Disc Select Sect | 1.35% | 101,752 | $24.4M | Reduce -0.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.35% | 40,479 | $24.3M | Add +2.5% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.34% | 519,861 | $24.1M | Reduce -3.5% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 1.29% | 424,171 | $23.3M | Add +41.9% |
| ARCC Ares Capital Corp. | 1.17% | 1,034,901 | $21.1M | Add +14.4% |
| JPM JPMorgan Chase & Co. | 1.09% | 62,273 | $19.6M | Reduce -2.4% |
| AVGO Broadcom Inc. | 0.99% | 53,876 | $17.8M | Reduce -6.5% |
| HD Home Depot Inc. | 0.98% | 43,654 | $17.7M | Reduce -0.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.96% | 644,428 | $17.4M | Reduce -1.0% |
| XLC SS Comm Select Sector SPDR | 0.89% | 135,784 | $16.1M | Add +0.7% |
| GSST Goldman Sachs Ultra Short Bo | 0.88% | 313,081 | $15.9M | Add +1.6% |
| AMZN Amazon.com Inc. | 0.88% | 71,848 | $15.8M | Add +0.1% |
| URA Global X Uranium ETF | 0.85% | 322,652 | $15.4M | Reduce -14.9% |
| RTX RTX Corp. | 0.79% | 85,229 | $14.3M | Reduce -0.2% |
| NVDA Nvidia Corp. | 0.79% | 76,024 | $14.2M | Reduce -0.6% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.71% | 523,315 | $12.7M | Add +11.1% |
| VSGX Vanguard ESG Intl Stock ETF | 0.69% | 179,251 | $12.4M | Reduce -1.8% |
| IBDR iShares Ibonds Dec 2026 Term | 0.66% | 485,872 | $11.8M | Add +10.1% |
| GOOGL Alphabet Inc. Class A | 0.63% | 47,068 | $11.4M | Add +0.1% |
| BBCA JPMorgan Betabuilders Canada | 0.62% | 127,452 | $11.1M | Add +0.9% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.61% | 428,706 | $10.9M | Add +14.3% |
| EWT iShares MSCI Taiwan ETF | 0.60% | 169,214 | $10.8M | Add +0.5% |
| V Visa Inc. Class A | 0.59% | 31,268 | $10.7M | Add +0.6% |
| WEX Wex Inc. | 0.57% | 65,633 | $10.3M | No change |
| BLK BlackRock Inc. | 0.57% | 8,865 | $10.3M | Reduce -0.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.56% | 35,852 | $10.0M | Add +16.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.54% | 13 | $9.8M | No change |
| USXF iShares ESG Advance MSCI USA | 0.51% | 160,940 | $9.2M | Reduce -42.7% |
| CAT Caterpillar Inc. | 0.51% | 19,330 | $9.2M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 0.51% | 11,992 | $9.1M | Reduce -2.8% |
| UNH Unitedhealth Group Inc. | 0.51% | 26,485 | $9.1M | Add +25.1% |
| CVX Chevron Corp. | 0.49% | 56,729 | $8.8M | Reduce -1.3% |
| INDA iShares MSCI India ETF | 0.49% | 168,125 | $8.8M | Add +0.0% |
| UBER Uber Technologies Inc. | 0.48% | 88,283 | $8.6M | Add +0.4% |
| GEM Goldman Sachs Activebeta Em | 0.46% | 201,665 | $8.2M | Reduce -1.4% |
| WMT Walmart Inc. | 0.43% | 75,235 | $7.8M | Reduce -1.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.42% | 36,617 | $7.6M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 0.42% | 67,626 | $7.6M | No change |
| SOXX iShares Semiconductor ETF | 0.41% | 27,169 | $7.4M | Add +2.7% |
| XLP SS Consumer Staples Sel Sect | 0.41% | 93,714 | $7.3M | Reduce -0.1% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.40% | 289,330 | $7.3M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 0.39% | 7,658 | $7.1M | Reduce -0.3% |
| XLI SS Industrial Select Sector | 0.39% | 45,692 | $7.0M | Reduce -0.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.39% | 7,265 | $7.0M | New |
| STLD Steel Dynamics Inc. | 0.39% | 50,099 | $7.0M | Add +0.9% |
| JNJ Johnson & Johnson | 0.38% | 37,226 | $6.9M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 0.36% | 86,140 | $6.5M | Reduce -0.1% |
| DE Deere & Co. | 0.36% | 14,050 | $6.4M | Add +2.6% |
| ESGU iShares ESG Aware MSCI USA | 0.35% | 43,694 | $6.4M | Add +5.8% |
| ADP Automatic Data Processing | 0.35% | 21,204 | $6.2M | No change |
| PG The Procter & Gamble Co. | 0.34% | 40,243 | $6.2M | Reduce -1.2% |
| FHLC Fidelity MSCI Health Care | 0.34% | 90,536 | $6.1M | Add +5.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.33% | 20,220 | $5.9M | Add +1.1% |
| CRM Salesforce Inc. | 0.32% | 24,702 | $5.9M | Add +0.2% |
| FBND Fidelity Total Bond ETF | 0.32% | 124,695 | $5.8M | Add +0.7% |
| NSRGY Nestle SA-Spons ADR | 0.32% | 62,764 | $5.8M | Reduce -1.5% |
| IBDU iShares Ibonds Dec 2029 Term | 0.32% | 242,880 | $5.7M | Add +15.8% |
| PLD Prologis Inc. | 0.31% | 48,752 | $5.6M | Reduce -1.1% |
| APO Apollo Global Management Inc. | 0.31% | 41,332 | $5.5M | Add +9.7% |
| ABT Abbott Laboratories | 0.30% | 39,971 | $5.4M | Reduce -2.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 60,409 | $5.3M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 10,684 | $5.2M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.27% | 71,529 | $4.9M | Reduce -2.5% |
| IJR iShares Core S&P Small-Cap E | 0.24% | 37,144 | $4.4M | Reduce -0.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 15,576 | $4.4M | Reduce -2.3% |
| PEP Pepsico Inc. | 0.24% | 30,716 | $4.3M | Add +0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.23% | 59,231 | $4.2M | Add +0.8% |
| CHD Church & Dwight Co. Inc. | 0.23% | 47,005 | $4.1M | No change |
| MA Mastercard Inc. Class A | 0.23% | 7,173 | $4.1M | No change |
| WELL Welltower Inc. | 0.22% | 22,500 | $4.0M | Reduce -12.9% |
| ORCL Oracle Corp. | 0.22% | 13,970 | $3.9M | Reduce -0.9% |
| ABBV Abbvie Inc. | 0.21% | 16,632 | $3.9M | No change |
| MCD McDonald's Corp. | 0.21% | 12,539 | $3.8M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.20% | 43,445 | $3.6M | Reduce -0.1% |
| AAXJ iShares MSCI All Country Asi | 0.20% | 38,920 | $3.6M | Reduce -2.1% |
| GEHC GE Healthcare Technology | 0.19% | 45,386 | $3.4M | Reduce -0.5% |
| KMI Kinder Morgan Inc. | 0.18% | 115,431 | $3.3M | Reduce -2.9% |
| EMR Emerson Electric Co. | 0.18% | 24,178 | $3.2M | No change |
| TXN Texas Instruments Inc. | 0.17% | 17,115 | $3.1M | Reduce -2.5% |
| MFC Manulife Financial Corp. | 0.17% | 98,951 | $3.1M | Add +1.3% |
| MDY State Street SPDR S&P Midcap | 0.17% | 5,056 | $3.0M | No change |
| T AT&T Inc. | 0.16% | 100,393 | $2.8M | Reduce -0.1% |
| IDXX Idexx Laboratories Inc. | 0.15% | 4,335 | $2.8M | Reduce -1.7% |
| FTEC Fidelity MSCI Info Tech Indx | 0.15% | 12,324 | $2.7M | Reduce -0.0% |
| PFE Pfizer Inc. | 0.14% | 101,465 | $2.6M | Add +0.4% |
Portfolio Sells Q2 2025 → Q3 2025
| USXF iShares ESG Advance MSCI USA | Reduce -42.7% | 0.51% | −0.40 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.27 |
| MMM 3M Co. | Reduce -0.8% | 3.50% | −0.25 |
| MSFT Microsoft Corp. | Reduce -0.0% | 3.32% | −0.14 |
| EBTC Enterprise Bancorp Inc. | Sold out | 0.00% | −0.11 |
| SUSA iShares ESG Optimized MSCI U | Reduce -0.9% | 4.43% | −0.10 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -1.0% | 0.96% | −0.08 |
| XLV SS Health Care Select Sector | Reduce -0.1% | 1.42% | −0.07 |
| LLY Eli Lilly & Co. | Reduce -2.8% | 0.51% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 0.39% | −0.06 |
| DOW Dow Inc. | Sold out | 0.00% | −0.06 |
| NSRGY Nestle SA-Spons ADR | Reduce -1.5% | 0.32% | −0.06 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.1% | 0.41% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 0.34% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -2.5% | 0.17% | −0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -3.5% | 1.34% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -2.3% | 0.24% | −0.04 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -0.9% | 0.40% | −0.04 |
| ABT Abbott Laboratories | Reduce -2.1% | 0.30% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -2.5% | 0.27% | −0.03 |
| URA Global X Uranium ETF | Reduce -14.9% | 0.85% | −0.03 |
| PSA Public Storage | Sold out | 0.00% | −0.03 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -1.8% | 0.69% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -2.9% | 0.18% | −0.03 |
| UPS United Parcel Service Class B | Reduce -0.8% | 0.07% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -2.4% | 1.09% | −0.02 |
| ESML iShares ESG Aware MSCI USA S | Reduce -63.2% | 0.01% | −0.02 |
| WMT Walmart Inc. | Reduce -1.6% | 0.43% | −0.02 |
| T AT&T Inc. | Reduce -0.1% | 0.16% | −0.02 |
| XLI SS Industrial Select Sector | Reduce -0.8% | 0.39% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -3.5% | 0.06% | −0.02 |
| WELL Welltower Inc. | Reduce -12.9% | 0.22% | −0.02 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.02 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.02 |
| CCI Crown Castle Inc. | Reduce -50.7% | 0.01% | −0.02 |
| GEHC GE Healthcare Technology | Reduce -0.5% | 0.19% | −0.01 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.01 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.01 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.01 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.01 |
| TT Trane Technologies PLC | Reduce -6.3% | 0.05% | −0.01 |
| AMGN Amgen Inc. | Reduce -0.2% | 0.13% | −0.01 |
| GIS General Mills Inc. | Reduce -30.7% | 0.01% | −0.01 |
| CB Chubb Ltd. | Reduce -2.5% | 0.06% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -4.2% | 0.07% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.5% | 0.42% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 0.08% | −0.01 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -3.2% | 0.06% | −0.01 |
| TYL Tyler Technologies Inc. | Reduce -9.4% | 0.02% | −0.01 |
| SBUX Starbucks Corp. | Reduce -7.7% | 0.02% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +25.5% | 2.76% | +0.46 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.39% | +0.39 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Add +41.9% | 1.29% | +0.38 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +3.5% | 9.24% | +0.26 |
| XLK SS Technology Select Sector | Add +0.3% | 6.27% | +0.18 |
| IAU iShares Gold Trust | Add +2.3% | 1.81% | +0.17 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +9.6% | 1.82% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.63% | +0.14 |
| TSM Taiwan Semiconductor-SP ADR | Add +16.2% | 0.56% | +0.14 |
| UNH Unitedhealth Group Inc. | Add +25.1% | 0.51% | +0.11 |
| INDB Independent Bank Corp. | New | 0.10% | +0.10 |
| VEA Vanguard Ftse Developed ETF | Add +91.6% | 0.11% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.5% | 1.35% | +0.04 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +14.3% | 0.61% | +0.03 |
| SOXX iShares Semiconductor ETF | Add +2.7% | 0.41% | +0.03 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.02% | +0.02 |
| BSV Vanguard Short-Term Bond ETF | New | 0.02% | +0.02 |
| IBDU iShares Ibonds Dec 2029 Term | Add +15.8% | 0.32% | +0.02 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +11.1% | 0.71% | +0.02 |
| IBDW iShares Ibonds Dec 2031 Corp. | New | 0.02% | +0.02 |
| ESGU iShares ESG Aware MSCI USA | Add +5.8% | 0.35% | +0.02 |
| EWT iShares MSCI Taiwan ETF | Add +0.5% | 0.60% | +0.02 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +33.5% | 0.07% | +0.01 |
| WSM Williams-Sonoma Inc. | New | 0.01% | +0.01 |
| NEU Newmarket Corp. | New | 0.01% | +0.01 |
| XBI SS SPDR S&P Biotech ETF | New | 0.01% | +0.01 |
| IBMR iShares Ibonds Dec 2029 M BD | Add +60.0% | 0.04% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +27.0% | 0.05% | +0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Add +10.1% | 0.66% | +0.01 |
| GHC Graham Holdings Co. Class B | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| SHEL Shell PLC-ADR | New | 0.01% | +0.01 |
| XLC SS Comm Select Sector SPDR | Add +0.7% | 0.89% | +0.01 |
| ALLE Allegion PLC | New | 0.01% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +12.0% | 0.12% | +0.01 |
| BX Blackstone Inc. | Add +1.1% | 0.13% | +0.01 |
| STLD Steel Dynamics Inc. | Add +0.9% | 0.39% | +0.01 |
| FHLC Fidelity MSCI Health Care | Add +5.2% | 0.34% | +0.00 |
| IWM iShares Russell 2000 ETF | Add +0.0% | 0.14% | +0.00 |
| BBCA JPMorgan Betabuilders Canada | Add +0.9% | 0.62% | +0.00 |
| SHOP Shopify Inc. Class A | Add +1.8% | 0.02% | +0.00 |
| IBMP iShares Ibonds Dec 2027 Term | Add +11.2% | 0.09% | +0.00 |
| IVV iShares Core S&P 500 ETF | Add +3.7% | 0.08% | +0.00 |
| MDT Medtronic PLC | Add +1.4% | 0.12% | +0.00 |
| IYW iShares Ustechnology ETF | Add +0.8% | 0.05% | +0.00 |
| IBMQ iShares Ibonds Dec 2028 Muni | Add +10.4% | 0.08% | +0.00 |
| IEMG iShares Core MSCI Emerging | Add +0.8% | 0.10% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.1% | 0.04% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +1.4% | 0.11% | +0.00 |
| OEF iShares S&P 100 ETF | Add +1.7% | 0.02% | +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 |