Trust Co. of Vermont
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Trust Co. of Vermont reported 1,024 stock positions worth $2.0 billion. Its top holding was Apple (AAPL) at 6.3% of the portfolio, followed by Microsoft (MSFT, 4.2%) and Berkshire Hathaway Class B (BRK.B, 3.3%). Compared with Q4 2024, it opened 50 new positions, sold out of 77, added to 173 and reduced 292. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +237%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BRATTLEBORO, VT
- CIK
- 0001134008
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0001134008-25-000002 ↗ filed Apr 24, 2025
Holdings Value
Holdings 1,024 stocks · $2.0B
| AAPL Apple Inc. | 6.30% | 568,221 | $126.2M | Reduce -1.4% |
| MSFT Microsoft Corp. | 4.24% | 226,046 | $84.9M | Add +0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.27% | 123,178 | $65.6M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 2.99% | 314,436 | $59.8M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 2.96% | 379,127 | $59.2M | Reduce -0.0% |
| JPM JPMorgan Chase & Co. | 2.60% | 212,167 | $52.0M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 2.41% | 51,137 | $48.4M | Add +0.0% |
| NVDA Nvidia Corp. | 1.82% | 336,461 | $36.5M | Add +5.2% |
| ABBV Abbvie Inc. | 1.70% | 162,796 | $34.1M | Reduce -4.0% |
| META Meta Platforms Inc. Class A | 1.69% | 58,838 | $33.9M | Add +1.6% |
| MA Mastercard Inc. Class A | 1.63% | 59,402 | $32.6M | Reduce -1.9% |
| PG The Procter & Gamble Co. | 1.51% | 178,043 | $30.3M | Add +1.2% |
| PANW Palo Alto Networks Inc. | 1.43% | 167,399 | $28.6M | Add +0.8% |
| NEE Nextera Energy Inc. | 1.36% | 385,592 | $27.3M | Add +2.3% |
| BLK BlackRock Inc. | 1.33% | 28,052 | $26.6M | Reduce -2.5% |
| JNJ Johnson & Johnson | 1.30% | 157,027 | $26.0M | Reduce -1.7% |
| VOO Vanguard S&P 500 ETF | 1.30% | 50,552 | $26.0M | Add +21.7% |
| ABT Abbott Laboratories | 1.27% | 192,426 | $25.5M | Reduce -3.4% |
| ACN Accenture PLC Class A | 1.20% | 77,189 | $24.1M | Reduce -0.2% |
| TMO Thermo Fisher Scientific Inc. | 1.15% | 46,490 | $23.1M | Reduce -0.0% |
| V Visa Inc. Class A | 1.15% | 65,994 | $23.1M | Add +0.3% |
| LOW Lowe's Cos Inc. | 1.15% | 98,737 | $23.0M | Add +0.5% |
| UNP Union Pacific Corp. | 1.14% | 96,892 | $22.9M | Add +0.7% |
| HON Honeywell International Inc. | 1.04% | 98,670 | $20.9M | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 1.03% | 39,544 | $20.7M | Add +1.4% |
| HD Home Depot Inc. | 1.02% | 55,716 | $20.4M | Reduce -0.6% |
| IJR iShares Core S&P Small-Cap E | 0.99% | 189,490 | $19.8M | Add +6.4% |
| IJH iShares Core S&P Midcap ETF | 0.99% | 339,017 | $19.8M | Add +8.2% |
| RTX RTX Corp. | 0.96% | 145,494 | $19.3M | Reduce -2.0% |
| AMAT Applied Materials Inc. | 0.92% | 126,983 | $18.4M | Reduce -3.7% |
| PEP Pepsico Inc. | 0.91% | 121,922 | $18.3M | Add +0.1% |
| ADP Automatic Data Processing | 0.89% | 58,022 | $17.7M | Reduce -5.2% |
| ECL Ecolab Inc. | 0.87% | 68,739 | $17.4M | Reduce -0.8% |
| CVX Chevron Corp. | 0.87% | 103,666 | $17.3M | Reduce -2.4% |
| EMR Emerson Electric Co. | 0.86% | 156,258 | $17.1M | Add +1.1% |
| INTU Intuit Inc. | 0.83% | 26,985 | $16.6M | Add +0.2% |
| CME Cme Group Inc. | 0.81% | 60,896 | $16.2M | Add +5.0% |
| VTIP Vanguard Short-Term Tips | 0.79% | 316,059 | $15.8M | Add +14.8% |
| MCD McDonald's Corp. | 0.76% | 48,502 | $15.2M | Reduce -1.5% |
| WMT Walmart Inc. | 0.75% | 171,308 | $15.0M | Reduce -1.4% |
| O Realty Income Corp. | 0.74% | 255,815 | $14.8M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.71% | 92,421 | $14.3M | Reduce -1.9% |
| ADI Analog Devices Inc. | 0.69% | 68,925 | $13.9M | Reduce -1.6% |
| BDX Becton Dickinson and Co. | 0.68% | 59,199 | $13.6M | Reduce -5.7% |
| APD Air Products & Chemicals Inc. | 0.67% | 45,331 | $13.4M | Reduce -5.4% |
| XOM Exxon Mobil Corp. | 0.66% | 110,407 | $13.1M | Reduce -1.9% |
| ADBE Adobe Inc. | 0.63% | 33,086 | $12.7M | Add +5.8% |
| CRM Salesforce Inc. | 0.63% | 46,655 | $12.5M | Add +6.0% |
| BKNG Booking Holdings Inc. | 0.61% | 2,635 | $12.1M | Reduce -2.6% |
| SYK Stryker Corp. | 0.59% | 31,643 | $11.8M | Reduce -0.2% |
| ETN Eaton Corp. PLC | 0.58% | 42,384 | $11.5M | Reduce -3.1% |
| CSCO Cisco Systems Inc. | 0.57% | 186,334 | $11.5M | Reduce -4.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.56% | 45,325 | $11.3M | Reduce -9.0% |
| VHT Vanguard Health Care ETF | 0.56% | 42,145 | $11.2M | Add +22.1% |
| CHD Church & Dwight Co. Inc. | 0.54% | 97,424 | $10.7M | Reduce -1.2% |
| SBUX Starbucks Corp. | 0.53% | 108,276 | $10.6M | Reduce -8.0% |
| ITW Illinois Tool Works | 0.52% | 42,184 | $10.5M | Reduce -2.2% |
| AMT American Tower Corp. | 0.51% | 47,297 | $10.3M | Reduce -7.6% |
| ICE Intercontinental Exchange Inc. | 0.51% | 58,658 | $10.1M | Reduce -5.5% |
| MRK Merck & Co. Inc. | 0.49% | 110,160 | $9.9M | Reduce -5.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.48% | 78,779 | $9.6M | Reduce -0.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.48% | 57,388 | $9.5M | Add +18.4% |
| ENB Enbridge Inc. | 0.44% | 199,008 | $8.8M | Reduce -2.1% |
| VEA Vanguard Ftse Developed ETF | 0.42% | 166,547 | $8.5M | Reduce -0.6% |
| DE Deere & Co. | 0.41% | 17,592 | $8.3M | Reduce -4.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 13,334 | $7.5M | Add +8.6% |
| NSC Norfolk Southern Corp. | 0.37% | 31,202 | $7.4M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.37% | 27,574 | $7.4M | Add +2.2% |
| PFE Pfizer Inc. | 0.36% | 282,485 | $7.2M | Reduce -12.7% |
| LLY Eli Lilly & Co. | 0.36% | 8,617 | $7.1M | Reduce -0.5% |
| WM Waste Management Inc. | 0.35% | 30,386 | $7.0M | Reduce -1.4% |
| CMCSA Comcast Corp. Class A | 0.35% | 189,965 | $7.0M | Reduce -13.8% |
| AMGN Amgen Inc. | 0.35% | 22,431 | $7.0M | Reduce -3.5% |
| IVV iShares Core S&P 500 ETF | 0.33% | 11,595 | $6.5M | Reduce -12.2% |
| AXP American Express Co. | 0.32% | 23,618 | $6.4M | Add +1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.31% | 32,295 | $6.3M | Add +4.3% |
| LMT Lockheed Martin Corp. | 0.31% | 13,895 | $6.2M | Reduce -0.5% |
| CB Chubb Ltd. | 0.31% | 20,306 | $6.1M | Reduce -0.4% |
| ORCL Oracle Corp. | 0.30% | 43,623 | $6.1M | Reduce -2.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 21,957 | $6.0M | Add +17.0% |
| SGOV iShares 0-3 Month Treasury B | 0.30% | 59,021 | $5.9M | Add +237.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.30% | 97,773 | $5.9M | Add +1.6% |
| PAYX Paychex Inc. | 0.28% | 36,591 | $5.6M | Reduce -6.0% |
| CI The Cigna Group | 0.28% | 17,047 | $5.6M | Reduce -7.6% |
| BND Vanguard Total Bond Market | 0.28% | 75,305 | $5.5M | Reduce -2.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 11,736 | $5.5M | Reduce -13.5% |
| CTVA Corteva Inc. | 0.27% | 85,658 | $5.4M | Add +11.6% |
| MDLZ Mondelez International Inc. Class A | 0.26% | 77,489 | $5.3M | Reduce -1.7% |
| NVS Novartis AG-Sponsored ADR | 0.26% | 46,896 | $5.2M | Reduce -2.2% |
| ALL Allstate Corp. | 0.26% | 24,802 | $5.1M | Reduce -1.0% |
| MKC McCormick & Co.-Non VTG SHRS | 0.25% | 61,766 | $5.1M | Reduce -1.8% |
| DHR Danaher Corp. | 0.25% | 24,025 | $4.9M | Reduce -1.1% |
| ADSK Autodesk Inc. | 0.24% | 18,650 | $4.9M | Reduce -2.3% |
| VZ Verizon Communications Inc. | 0.24% | 106,731 | $4.8M | Reduce -4.8% |
| LNG Cheniere Energy Inc. | 0.24% | 20,437 | $4.7M | Add +14.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 47,674 | $4.7M | Reduce -12.7% |
| VWO Vanguard Ftse Emerging Marke | 0.23% | 103,363 | $4.7M | Reduce -1.2% |
| NKE Nike Inc. Class B | 0.23% | 73,385 | $4.7M | Reduce -9.8% |
| MDT Medtronic PLC | 0.23% | 50,228 | $4.5M | Reduce -3.3% |
| PLD Prologis Inc. | 0.22% | 40,230 | $4.5M | Add +38.2% |
Other holdings (7): bonds, preferreds, convertibles and warrants · $50K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 40 | $49K | No change |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 28 | $775 | No change |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | 59 | $73 | New |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 65 | $26 | New |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | 130 | $11 | New |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | 324 | $3 | New |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | 35 | $1 | New |
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -1.4% | 6.30% | −0.71 |
| GOOG Alphabet Inc. Class C | Reduce -0.0% | 2.96% | −0.55 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 2.99% | −0.38 |
| MMM 3M Co. | Reduce -70.6% | 0.11% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 0.71% | −0.15 |
| ETN Eaton Corp. PLC | Reduce -3.1% | 0.58% | −0.13 |
| TSLA Tesla Inc. | Reduce -19.2% | 0.14% | −0.12 |
| AMAT Applied Materials Inc. | Reduce -3.7% | 0.92% | −0.12 |
| ACN Accenture PLC Class A | Reduce -0.2% | 1.20% | −0.12 |
| BLK BlackRock Inc. | Reduce -2.5% | 1.33% | −0.11 |
| STZ Constellation Brands Inc. Class A | Reduce -48.1% | 0.07% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -5.3% | 0.49% | −0.07 |
| NKE Nike Inc. Class B | Reduce -9.8% | 0.23% | −0.07 |
| HON Honeywell International Inc. | Reduce -2.1% | 1.04% | −0.06 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -13.5% | 0.27% | −0.06 |
| DIS The Walt Disney Co. | Reduce -12.7% | 0.23% | −0.06 |
| PFE Pfizer Inc. | Reduce -12.7% | 0.36% | −0.06 |
| ORCL Oracle Corp. | Reduce -2.9% | 0.30% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -12.2% | 0.33% | −0.05 |
| CMCSA Comcast Corp. Class A | Reduce -13.8% | 0.35% | −0.05 |
| DEO Diageo PLC-Sponsored ADR | Reduce -26.7% | 0.08% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -2.6% | 0.61% | −0.05 |
| GWW WW Grainger Inc. | Reduce -79.2% | 0.01% | −0.05 |
| SOLV Solventum Corp. | Reduce -84.2% | 0.01% | −0.04 |
| HD Home Depot Inc. | Reduce -0.6% | 1.02% | −0.04 |
| ADSK Autodesk Inc. | Reduce -2.3% | 0.24% | −0.03 |
| TGT Target Corp. | Reduce -8.1% | 0.08% | −0.03 |
| ADI Analog Devices Inc. | Reduce -1.6% | 0.69% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -25.7% | 0.10% | −0.03 |
| DHR Danaher Corp. | Reduce -1.1% | 0.25% | −0.02 |
| PYPL PayPal Holdings Inc. | Reduce -1.9% | 0.08% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.0% | 1.15% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.1% | 0.09% | −0.02 |
| CAT Caterpillar Inc. | Reduce -2.8% | 0.20% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -0.5% | 0.31% | −0.02 |
| UPS United Parcel Service Class B | Reduce -4.5% | 0.10% | −0.02 |
| USB US Bancorp | Reduce -0.7% | 0.14% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -5.7% | 0.68% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -5.7% | 0.05% | −0.01 |
| CLX Clorox Company | Reduce -1.6% | 0.15% | −0.01 |
| GIS General Mills Inc. | Reduce -14.9% | 0.06% | −0.01 |
| PAG Penske Automotive Group Inc. | Reduce -4.4% | 0.17% | −0.01 |
| WEX Wex Inc. | Reduce -99.0% | 0.00% | −0.01 |
| WMT Walmart Inc. | Reduce -1.4% | 0.75% | −0.01 |
| MAR Marriott International Class A | Reduce -16.0% | 0.03% | −0.01 |
| NXPI NXP Semiconductors NV | Reduce -26.3% | 0.03% | −0.01 |
| FIS Fidelity National Info Serv | Reduce -22.6% | 0.03% | −0.01 |
| CARR Carrier Global Corp. | Reduce -3.6% | 0.12% | −0.01 |
| AMD Advanced Micro Devices | Reduce -21.8% | 0.02% | −0.01 |
| BAC Bank of America Corp. | Reduce -2.3% | 0.19% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| SGOV iShares 0-3 Month Treasury B | Add +237.5% | 0.30% | +0.21 |
| VOO Vanguard S&P 500 ETF | Add +21.7% | 1.30% | +0.21 |
| CME Cme Group Inc. | Add +5.0% | 0.81% | +0.15 |
| V Visa Inc. Class A | Add +0.3% | 1.15% | +0.14 |
| VTIP Vanguard Short-Term Tips | Add +14.8% | 0.79% | +0.14 |
| COST Costco Wholesale Corp. | Add +0.0% | 2.41% | +0.14 |
| VHT Vanguard Health Care ETF | Add +22.1% | 0.56% | +0.13 |
| O Realty Income Corp. | Add +0.9% | 0.74% | +0.08 |
| PG The Procter & Gamble Co. | Add +1.2% | 1.51% | +0.08 |
| TMUS T-Mobile US Inc. | Add +2.2% | 0.37% | +0.08 |
| UNP Union Pacific Corp. | Add +0.7% | 1.14% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +1.4% | 1.03% | +0.08 |
| PLD Prologis Inc. | Add +38.2% | 0.22% | +0.07 |
| CTVA Corteva Inc. | Add +11.6% | 0.27% | +0.06 |
| NEE Nextera Energy Inc. | Add +2.3% | 1.36% | +0.05 |
| TD Toronto-Dominion Bank | Add +23.7% | 0.17% | +0.05 |
| LNG Cheniere Energy Inc. | Add +14.3% | 0.24% | +0.05 |
| META Meta Platforms Inc. Class A | Add +1.6% | 1.69% | +0.04 |
| IJH iShares Core S&P Midcap ETF | Add +8.2% | 0.99% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +17.0% | 0.30% | +0.04 |
| VEU Vanguard Ftse All-World Ex-U | Add +1.6% | 0.30% | +0.03 |
| GLD SPDR Gold Shares | Add +2.2% | 0.13% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +8.6% | 0.37% | +0.02 |
| GE General Electric | Add +5.7% | 0.08% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +4.3% | 0.31% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +5.2% | 0.20% | +0.02 |
| WRB WR Berkley Corp. | Add +5.7% | 0.07% | +0.02 |
| SNEX Stonex Group Inc. | Add +12.7% | 0.06% | +0.02 |
| IUSG iShares Core S&P U.S. Growth | Add +3362.7% | 0.01% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +47.3% | 0.04% | +0.01 |
| PEP Pepsico Inc. | Add +0.1% | 0.91% | +0.01 |
| TRV The Travelers Cos Inc. | Add +3.5% | 0.08% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +18.4% | 0.48% | +0.01 |
| CMI Cummins Inc. | Add +14.0% | 0.20% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +1.9% | 0.08% | +0.01 |
| SPGI S&P Global Inc. | Add +1.8% | 0.16% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +10.7% | 0.05% | +0.01 |
| UL Unilever PLC | Add +0.5% | 0.11% | +0.01 |
| DVY iShares Select Dividend ETF | Add +34.5% | 0.03% | +0.01 |
| FISV Fiserv Inc. | Add +1.1% | 0.08% | +0.01 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.01% | +0.01 |
| VFH Vanguard Financials ETF | Add +13.7% | 0.04% | +0.01 |
| IBDR iShares Ibonds Dec 2026 Term | New | 0.01% | +0.01 |
| IBDQ iShares Ibonds Dec 2025 Term | New | 0.01% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.01% | +0.01 |
| PGR Progressive Corp. | Add +0.4% | 0.03% | +0.01 |
| SPLV Invesco S&P 500 Low Volatili | Add +15.1% | 0.03% | +0.01 |
| BHB Bar Harbor Bankshares | Add +10.9% | 0.06% | +0.01 |
| INTU Intuit Inc. | Add +0.2% | 0.83% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | New | 59 | $73 |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | New | 65 | $26 |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | New | 130 | $11 |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | New | 324 | $3 |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | New | 35 | $1 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,154 | $2.7B | AAPL, GOOG, MSFT, AMAT, AMZN |
| Q4 2025 | 1,131 | $2.4B | AAPL, GOOG, MSFT, AMZN, JPM |
| Q3 2025 | 1,094 | $2.3B | AAPL, MSFT, GOOG, AMZN, JPM |
| Q2 2025 | 1,085 | $2.1B | AAPL, MSFT, AMZN, GOOG, JPM |
| Q1 2025 | 1,024 | $2.0B | AAPL, MSFT, BRK.B, AMZN, GOOG |
| Q4 2024 | 1,049 | $2.1B | AAPL, MSFT, GOOG, AMZN, BRK.B |
| Q3 2024 | 1,064 | $2.0B | AAPL, MSFT, GOOG, AMZN, BRK.B |
| Q2 2024 | 900 | $1.8B | AAPL, MSFT, GOOG, AMZN, BRK.B |
| Q1 2024 | 844 | $1.8B | AAPL, MSFT, GOOG, AMZN, BRK.B |