Trust Co. of Vermont
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), Trust Co. of Vermont reported 1,085 stock positions worth $2.1 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 5.3%) and Amazon.com (AMZN, 3.3%). Compared with Q1 2025, it opened 110 new positions, sold out of 49, added to 209 and reduced 219. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale Unitedhealth (UNH, shares −68%).
- Most Recent 13F
- Q2 2026
- Location
- BRATTLEBORO, VT
- CIK
- 0001134008
- Portfolio Value
- $2.1B (Q2 2025)
- SEC Filing
- 0001134008-25-000003 ↗ filed Jul 18, 2025
Holdings Value
Holdings 1,085 stocks · $2.1B
| AAPL Apple Inc. | 5.48% | 567,406 | $116.4M | Reduce -0.1% |
| MSFT Microsoft Corp. | 5.33% | 227,728 | $113.3M | Add +0.7% |
| AMZN Amazon.com Inc. | 3.26% | 315,376 | $69.2M | Add +0.3% |
| GOOG Alphabet Inc. Class C | 3.16% | 378,444 | $67.1M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 2.89% | 211,639 | $61.4M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.79% | 121,849 | $59.2M | Reduce -1.1% |
| NVDA Nvidia Corp. | 2.52% | 338,333 | $53.5M | Add +0.6% |
| COST Costco Wholesale Corp. | 2.38% | 50,965 | $50.5M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 2.07% | 59,502 | $43.9M | Add +1.1% |
| PANW Palo Alto Networks Inc. | 1.62% | 167,724 | $34.3M | Add +0.2% |
| MA Mastercard Inc. Class A | 1.55% | 58,604 | $32.9M | Reduce -1.3% |
| ABBV Abbvie Inc. | 1.42% | 162,068 | $30.1M | Reduce -0.5% |
| BLK BlackRock Inc. | 1.37% | 27,742 | $29.1M | Reduce -1.1% |
| VOO Vanguard S&P 500 ETF | 1.34% | 50,118 | $28.5M | Reduce -0.9% |
| PG The Procter & Gamble Co. | 1.34% | 178,333 | $28.4M | Add +0.2% |
| NEE Nextera Energy Inc. | 1.27% | 389,391 | $27.0M | Add +1.0% |
| JNJ Johnson & Johnson | 1.24% | 172,783 | $26.4M | Add +10.0% |
| ABT Abbott Laboratories | 1.22% | 190,755 | $25.9M | Reduce -0.9% |
| V Visa Inc. Class A | 1.10% | 66,036 | $23.4M | Add +0.1% |
| ACN Accenture PLC Class A | 1.09% | 77,113 | $23.0M | Reduce -0.1% |
| AMAT Applied Materials Inc. | 1.07% | 124,570 | $22.8M | Reduce -1.9% |
| HON Honeywell International Inc. | 1.07% | 97,351 | $22.7M | Reduce -1.3% |
| LOW Lowe's Cos Inc. | 1.05% | 100,511 | $22.3M | Add +1.8% |
| UNP Union Pacific Corp. | 1.04% | 96,098 | $22.1M | Reduce -0.8% |
| INTU Intuit Inc. | 1.00% | 26,837 | $21.1M | Reduce -0.6% |
| EMR Emerson Electric Co. | 0.99% | 157,335 | $21.0M | Add +0.7% |
| IJH iShares Core S&P Midcap ETF | 0.99% | 337,920 | $21.0M | Reduce -0.3% |
| RTX RTX Corp. | 0.99% | 143,306 | $20.9M | Reduce -1.5% |
| HD Home Depot Inc. | 0.97% | 56,107 | $20.6M | Add +0.7% |
| IJR iShares Core S&P Small-Cap E | 0.95% | 184,728 | $20.2M | Reduce -2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.89% | 46,616 | $18.9M | Add +0.3% |
| ECL Ecolab Inc. | 0.87% | 68,378 | $18.4M | Reduce -0.5% |
| ADP Automatic Data Processing | 0.85% | 58,662 | $18.1M | Add +1.1% |
| VTIP Vanguard Short-Term Tips | 0.85% | 358,303 | $18.0M | Add +13.4% |
| CME Cme Group Inc. | 0.80% | 61,296 | $16.9M | Add +0.7% |
| ADI Analog Devices Inc. | 0.77% | 69,098 | $16.4M | Add +0.3% |
| WMT Walmart Inc. | 0.77% | 167,674 | $16.4M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 0.76% | 45,090 | $16.1M | Add +6.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.75% | 70,734 | $16.0M | Add +23.3% |
| GOOGL Alphabet Inc. Class A | 0.75% | 90,855 | $16.0M | Reduce -1.7% |
| PEP Pepsico Inc. | 0.75% | 120,099 | $15.9M | Reduce -1.5% |
| VHT Vanguard Health Care ETF | 0.72% | 61,526 | $15.3M | Add +46.0% |
| BKNG Booking Holdings Inc. | 0.71% | 2,620 | $15.2M | Reduce -0.6% |
| O Realty Income Corp. | 0.71% | 262,700 | $15.1M | Add +2.7% |
| CRM Salesforce Inc. | 0.71% | 55,194 | $15.1M | Add +18.3% |
| CVX Chevron Corp. | 0.70% | 103,618 | $14.8M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.67% | 49,044 | $14.3M | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.62% | 188,621 | $13.1M | Add +1.2% |
| SYK Stryker Corp. | 0.60% | 32,393 | $12.8M | Add +2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.60% | 42,928 | $12.7M | Reduce -5.3% |
| APD Air Products & Chemicals Inc. | 0.59% | 44,637 | $12.6M | Reduce -1.5% |
| XOM Exxon Mobil Corp. | 0.57% | 112,058 | $12.1M | Add +1.5% |
| ICE Intercontinental Exchange Inc. | 0.51% | 58,688 | $10.8M | Add +0.1% |
| ITW Illinois Tool Works | 0.49% | 42,086 | $10.4M | Reduce -0.2% |
| ADBE Adobe Inc. | 0.48% | 26,380 | $10.2M | Reduce -20.3% |
| ORCL Oracle Corp. | 0.46% | 45,010 | $9.8M | Add +3.2% |
| AMT American Tower Corp. | 0.46% | 44,336 | $9.8M | Reduce -6.3% |
| SBUX Starbucks Corp. | 0.46% | 105,830 | $9.7M | Reduce -2.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 77,626 | $9.6M | Reduce -1.5% |
| VEA Vanguard Ftse Developed ETF | 0.44% | 165,672 | $9.4M | Reduce -0.5% |
| BDX Becton Dickinson and Co. | 0.44% | 54,036 | $9.3M | Reduce -8.7% |
| CHD Church & Dwight Co. Inc. | 0.44% | 96,524 | $9.3M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.43% | 14,668 | $9.1M | Add +10.0% |
| DE Deere & Co. | 0.42% | 17,438 | $8.9M | Reduce -0.9% |
| ENB Enbridge Inc. | 0.42% | 194,629 | $8.8M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 0.41% | 108,847 | $8.6M | Reduce -1.2% |
| NSC Norfolk Southern Corp. | 0.37% | 31,018 | $7.9M | Reduce -0.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 24,701 | $7.5M | Add +12.5% |
| AXP American Express Co. | 0.35% | 23,504 | $7.5M | Reduce -0.5% |
| SGOV iShares 0-3 Month Treasury B | 0.34% | 71,282 | $7.2M | Add +20.8% |
| WM Waste Management Inc. | 0.33% | 30,901 | $7.1M | Add +1.7% |
| LLY Eli Lilly & Co. | 0.33% | 9,015 | $7.0M | Add +4.6% |
| TMUS T-Mobile US Inc. | 0.33% | 28,991 | $6.9M | Add +5.1% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 33,115 | $6.8M | Add +2.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.32% | 100,321 | $6.7M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 0.32% | 10,781 | $6.7M | Reduce -7.0% |
| CTVA Corteva Inc. | 0.31% | 87,565 | $6.5M | Add +2.2% |
| LMT Lockheed Martin Corp. | 0.31% | 14,040 | $6.5M | Add +1.0% |
| AMGN Amgen Inc. | 0.29% | 22,259 | $6.2M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 11,122 | $6.1M | Reduce -5.2% |
| CMCSA Comcast Corp. Class A | 0.28% | 167,782 | $6.0M | Reduce -11.7% |
| PFE Pfizer Inc. | 0.28% | 246,091 | $6.0M | Reduce -12.9% |
| CB Chubb Ltd. | 0.28% | 20,432 | $5.9M | Add +0.6% |
| ADSK Autodesk Inc. | 0.27% | 18,474 | $5.7M | Reduce -0.9% |
| NVS Novartis AG-Sponsored ADR | 0.27% | 46,558 | $5.6M | Reduce -0.7% |
| CI The Cigna Group | 0.26% | 16,956 | $5.6M | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.26% | 45,181 | $5.6M | Reduce -5.2% |
| PLD Prologis Inc. | 0.26% | 52,198 | $5.5M | Add +29.8% |
| BND Vanguard Total Bond Market | 0.25% | 73,336 | $5.4M | Reduce -2.6% |
| PAYX Paychex Inc. | 0.25% | 36,757 | $5.3M | Add +0.5% |
| LNG Cheniere Energy Inc. | 0.25% | 21,937 | $5.3M | Add +7.3% |
| MDLZ Mondelez International Inc. Class A | 0.24% | 76,447 | $5.2M | Reduce -1.3% |
| VWO Vanguard Ftse Emerging Marke | 0.24% | 102,333 | $5.1M | Reduce -1.0% |
| ALL Allstate Corp. | 0.24% | 24,961 | $5.0M | Add +0.6% |
| DHR Danaher Corp. | 0.22% | 23,819 | $4.7M | Reduce -0.9% |
| VZ Verizon Communications Inc. | 0.22% | 108,375 | $4.7M | Add +1.5% |
| CAT Caterpillar Inc. | 0.22% | 11,993 | $4.7M | Add +0.3% |
| MKC McCormick & Co.-Non VTG SHRS | 0.22% | 61,314 | $4.6M | Reduce -0.7% |
| AVGO Broadcom Inc. | 0.22% | 16,682 | $4.6M | Add +1.1% |
| CMI Cummins Inc. | 0.21% | 13,460 | $4.4M | Add +7.9% |
Portfolio Sells Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Reduce -67.8% | 0.19% | −0.85 |
| AAPL Apple Inc. | Reduce -0.1% | 5.48% | −0.82 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 2.79% | −0.49 |
| ABBV Abbvie Inc. | Reduce -0.5% | 1.42% | −0.29 |
| BDX Becton Dickinson and Co. | Reduce -8.7% | 0.44% | −0.24 |
| CVX Chevron Corp. | Reduce -0.1% | 0.70% | −0.17 |
| PEP Pepsico Inc. | Reduce -1.5% | 0.75% | −0.17 |
| ADBE Adobe Inc. | Reduce -20.3% | 0.48% | −0.15 |
| ACN Accenture PLC Class A | Reduce -0.1% | 1.09% | −0.12 |
| UNP Union Pacific Corp. | Reduce -0.8% | 1.04% | −0.10 |
| CHD Church & Dwight Co. Inc. | Reduce -0.9% | 0.44% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 0.41% | −0.09 |
| PFE Pfizer Inc. | Reduce -12.9% | 0.28% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 1.55% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -1.5% | 0.59% | −0.07 |
| SBUX Starbucks Corp. | Reduce -2.3% | 0.46% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -11.7% | 0.28% | −0.07 |
| AMGN Amgen Inc. | Reduce -0.8% | 0.29% | −0.06 |
| ABT Abbott Laboratories | Reduce -0.9% | 1.22% | −0.05 |
| AMT American Tower Corp. | Reduce -6.3% | 0.46% | −0.05 |
| TSLA Tesla Inc. | Reduce -38.3% | 0.10% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 2.38% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.5% | 0.95% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -15.9% | 0.16% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.7% | 0.22% | −0.03 |
| ITW Illinois Tool Works | Reduce -0.2% | 0.49% | −0.03 |
| NKE Nike Inc. Class B | Reduce -17.1% | 0.20% | −0.03 |
| MDT Medtronic PLC | Reduce -4.6% | 0.20% | −0.03 |
| TJX TJX Companies Inc. | Reduce -1.5% | 0.45% | −0.03 |
| ENB Enbridge Inc. | Reduce -2.2% | 0.42% | −0.02 |
| DHR Danaher Corp. | Reduce -0.9% | 0.22% | −0.02 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -2.6% | 0.25% | −0.02 |
| FISV Fiserv Inc. | Reduce -1.5% | 0.06% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.3% | 0.24% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Reduce -15.6% | 0.06% | −0.02 |
| COP Conocophillips | Reduce -1.1% | 0.07% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -18.9% | 0.04% | −0.02 |
| CI The Cigna Group | Reduce -0.5% | 0.26% | −0.02 |
| CVS CVS Health Corp. | Reduce -6.5% | 0.13% | −0.01 |
| LIN Linde PLC | Reduce -2.1% | 0.19% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -12.5% | 0.08% | −0.01 |
| STZ Constellation Brands Inc. Class A | Reduce -1.4% | 0.06% | −0.01 |
| AFL Aflac Inc. | Reduce -8.3% | 0.06% | −0.01 |
| MTCH Match Group Inc. | Reduce -7.9% | 0.08% | −0.01 |
| GIS General Mills Inc. | Reduce -0.9% | 0.05% | −0.01 |
| UNB Union Bankshares Inc. | Reduce -4.3% | 0.04% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -7.0% | 0.32% | −0.01 |
| TGT Target Corp. | Reduce -2.0% | 0.07% | −0.01 |
| BIV Vanguard Intermediate-Term B | Reduce -13.4% | 0.04% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +0.7% | 5.33% | +1.10 |
| NVDA Nvidia Corp. | Add +0.6% | 2.52% | +0.70 |
| META Meta Platforms Inc. Class A | Add +1.1% | 2.07% | +0.38 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.3% | 0.75% | +0.28 |
| AMZN Amazon.com Inc. | Add +0.3% | 3.26% | +0.27 |
| PANW Palo Alto Networks Inc. | Add +0.2% | 1.62% | +0.19 |
| ETN Eaton Corp. PLC | Add +6.4% | 0.76% | +0.18 |
| VHT Vanguard Health Care ETF | Add +46.0% | 0.72% | +0.16 |
| ORCL Oracle Corp. | Add +3.2% | 0.46% | +0.16 |
| EMR Emerson Electric Co. | Add +0.7% | 0.99% | +0.13 |
| CRM Salesforce Inc. | Add +18.3% | 0.71% | +0.08 |
| ADI Analog Devices Inc. | Add +0.3% | 0.77% | +0.08 |
| AVGO Broadcom Inc. | Add +1.1% | 0.22% | +0.08 |
| VTIP Vanguard Short-Term Tips | Add +13.4% | 0.85% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.0% | 0.43% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.5% | 0.35% | +0.05 |
| COF Capital One Financial Corp. | Add +14.8% | 0.20% | +0.05 |
| CSCO Cisco Systems Inc. | Add +1.2% | 0.62% | +0.04 |
| SGOV iShares 0-3 Month Treasury B | Add +20.8% | 0.34% | +0.04 |
| GE General Electric | Add +22.8% | 0.12% | +0.04 |
| BHB Bar Harbor Bankshares | Add +67.7% | 0.10% | +0.04 |
| CTVA Corteva Inc. | Add +2.2% | 0.31% | +0.04 |
| PLD Prologis Inc. | Add +29.8% | 0.26% | +0.03 |
| VGT Vanguard Info Tech ETF | Add +2.3% | 0.19% | +0.03 |
| GEV GE Vernova Inc. | Add +25.1% | 0.06% | +0.03 |
| CAT Caterpillar Inc. | Add +0.3% | 0.22% | +0.02 |
| VEU Vanguard Ftse All-World Ex-U | Add +2.6% | 0.32% | +0.02 |
| TXN Texas Instruments Inc. | Add +5.8% | 0.14% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +14.8% | 0.13% | +0.02 |
| IWF iShares Russell 1000 Growth | Add +58.7% | 0.04% | +0.02 |
| TPG TPG Inc. | Add +11.2% | 0.12% | +0.02 |
| LNG Cheniere Energy Inc. | Add +7.3% | 0.25% | +0.02 |
| SYK Stryker Corp. | Add +2.4% | 0.60% | +0.02 |
| FSLR First Solar Inc. | Add +4.4% | 0.07% | +0.01 |
| BN Brookfield Corp. | Add +4.7% | 0.09% | +0.01 |
| AMD Advanced Micro Devices | Add +24.0% | 0.03% | +0.01 |
| MS Morgan Stanley | Add +1.9% | 0.09% | +0.01 |
| DLR Digital Realty Trust Inc. | Add +6.7% | 0.07% | +0.01 |
| POR Portland General Electric Co. | Add +91.9% | 0.03% | +0.01 |
| EFG iShares MSCI Eafe Growth ETF | Add +987.4% | 0.01% | +0.01 |
| CMI Cummins Inc. | Add +7.9% | 0.21% | +0.01 |
| MAIN Main Street Capital Corp. | New | 0.01% | +0.01 |
| OEF iShares S&P 100 ETF | New | 0.01% | +0.01 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.01% | +0.01 |
| MKL Markel Group Inc. | Add +18.9% | 0.07% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +22.9% | 0.05% | +0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.01% | +0.01 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.01% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +6.4% | 0.09% | +0.01 |
| VGSH Vanguard Short-Term Treasury | Add +277.4% | 0.01% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 40 | $49Kbefore exit |
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 28 | $775before exit |
| JOBY.WS Joby Aviation Inc. -CW25 | *W EXP 08/10/202 | Sold out | 59 | $73before exit |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | Sold out | 65 | $26before exit |
| GWHWW Ess Tech Inc. -CW27 | *W EXP 10/08/202 | Sold out | 130 | $11before exit |
| XOSWW Xos Inc. -CW26 | *W EXP 08/20/202 | Sold out | 324 | $3before exit |
| AMPWF Ardagh Metal Packaging -CW26 | *W EXP 08/04/202 | Sold out | 35 | $1before exit |
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 |