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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

DAVIS R M INC

Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0000891287-25-000010

Total Value
$5.72B
Positions
271
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (271)

#IssuerTicker / CUSIPSharesValue% of Filing
1SPDR S&P 500 ETFSPY559,285$372.6M6.51%
2Apple IncAAPL1,133,470$288.6M5.05%
3Nvidia CorpNVDA1,441,492$269.0M4.70%
4Microsoft CorpMSFT450,645$233.4M4.08%
5Alphabet Inc-AGOOG909,370$221.1M3.86%
6iShares Core S&P M/C ETF4642875073,224,893$210.5M3.68%
7Amphenol Corp0320951011,406,726$174.1M3.04%
8Palo Alto Networks IncPANW698,384$142.2M2.49%
9Amazon.com IncAMZN637,192$139.9M2.45%
10Vanguard S/C ETF922908751520,039$132.2M2.31%
11Vanguard FTSE DM ETF9219438582,177,482$130.5M2.28%
12Berkshire Hathaway Inc-BBRK-A259,323$130.4M2.28%
13JP Morgan Chase & CoVYLD367,591$115.9M2.03%
14Visa Inc-AV293,172$100.1M1.75%
15Costco Wholesale Corp22160K105107,621$99.6M1.74%
16TJX Companies Inc872540109682,744$98.7M1.73%
17Intuit IncINTU137,708$94.0M1.64%
18Meta Platforms, Inc.META124,253$91.2M1.60%
19Chubb LtdCB249,484$70.4M1.23%
20Eaton Corp PLCETN188,032$70.4M1.23%
21Waste Connections IncWCN396,441$69.7M1.22%
22Linde PlcLIN145,943$69.3M1.21%
23Take Two Interactive SoftwareTTWO251,305$64.9M1.14%
24Home Depot IncHD156,082$63.2M1.11%
25Danaher Corp235851102316,709$62.8M1.10%
26Idexx Labs Corp45168D10495,588$61.1M1.07%
27Thermo Fisher Scientific IncTMO125,879$61.1M1.07%
28iShares Russell 3000 ETF464287689159,610$60.5M1.06%
29AMETEK IncAME317,777$59.7M1.04%
30Marvell Technology IncMRVL702,594$59.1M1.03%
31RTX CorpRTX332,201$55.6M0.97%
32American Tower Corp03027X100287,333$55.3M0.97%
33NextEra Energy IncNEE-PW702,332$53.0M0.93%
34Stryker CorpSYK138,732$51.3M0.90%
35Exxon Mobil CorpXOM449,254$50.7M0.89%
36ASML Holding NVASMLF50,598$49.0M0.86%
37Procter & Gamble Co742718109318,384$48.9M0.86%
38Tractor Supply CoTSCO840,511$47.8M0.84%
39Mettler-Toledo Intl IncMTD38,109$46.8M0.82%
40Phillips 66PSX335,625$45.7M0.80%
41Eli Lilly & CoLLY59,372$45.3M0.79%
42Pepsico IncPEP321,424$45.1M0.79%
43Aon PLCAON126,242$45.0M0.79%
44Roper Technologies IncROP89,061$44.4M0.78%
45Goldman Sachs Group IncGSCE55,120$43.9M0.77%
46American Water Works Co Inc030420103309,331$43.1M0.75%
47Qualcomm IncQCOM249,448$41.5M0.73%
48Johnson & JohnsonJNJ215,437$39.9M0.70%
49Vanguard FTSE All-World Ex-US922042775526,689$37.6M0.66%
50Union Pacific CorpUNP156,918$37.1M0.65%
51Bank of America Corp060505104718,426$37.1M0.65%
52Northrop Grumman CorpNOC59,479$36.2M0.63%
53Alphabet Inc-CGOOG147,148$35.8M0.63%
54General Electric Co369604301115,923$34.9M0.61%
55ConocoPhillipsCOP367,310$34.7M0.61%
56Netflix IncNFLX28,327$34.0M0.59%
57Broadcom IncAVGO102,285$33.7M0.59%
58Invesco BulletShares 2027 CorpIVZ1,634,577$32.2M0.56%
59Rockwell Automation CorpROK90,477$31.6M0.55%
60ServiceNow IncNOW34,293$31.6M0.55%
61Sherwin-Williams CoSHW80,979$28.0M0.49%
62Invesco BulletShares 2026 CorpIVZ1,337,051$26.2M0.46%
63Medtronic PlcMDT267,590$25.5M0.45%
64Equinix IncEQIX31,646$24.8M0.43%
65Deere & CoDE51,121$23.4M0.41%
66Intuitive Surgical IncISRG51,596$23.1M0.40%
67iShares Russell 1000 ETF46428762260,141$22.0M0.38%
68Ecolab IncECL76,597$21.0M0.37%
69Vanguard Total Stock Market ET92290876954,529$17.9M0.31%
70Invesco BulletShares 2028 CorpIVZ851,563$17.5M0.31%
71Toll Brothers IncTOL118,547$16.4M0.29%
72CME Group IncCME60,553$16.4M0.29%
73PIMCO Intermediate Muni Bond A72201R866310,198$16.2M0.28%
74RBC Bearings IncRBC40,759$15.9M0.28%
75Invesco BulletShares 2025 CorpIVZ738,357$15.3M0.27%
76Accenture PlcACN61,085$15.1M0.26%
77Zoetis IncZTS101,827$14.9M0.26%
78Invesco BulletShares 2029 CorpIVZ650,087$12.2M0.21%
79Colgate Palmolive CoCL142,890$11.4M0.20%
80Microchip Technology IncMCHPP174,706$11.2M0.20%
81Invesco BulletShares 2030 CorpIVZ466,808$7.9M0.14%
82Automatic Data Processing IncADP26,657$7.8M0.14%
83McCormick & Co IncMKC-V109,636$7.3M0.13%
84iShares 1-5 Year IG Corporate464288646132,853$7.0M0.12%
85Vanguard Dividend Appreciation92190884432,060$6.9M0.12%
86Consumer Discretionary Select81369Y40728,216$6.8M0.12%
87Oracle CorpORCL-PD20,095$5.7M0.10%
88Schwab Intl Equity ETF808524805231,974$5.4M0.09%
89Vanguard FTSE EM ETF92204285896,542$5.2M0.09%
90iShares Russell 1000 Growth ET46428761410,926$5.1M0.09%
91Vanguard S&P 500 ETF9229083638,083$4.9M0.09%
92Caterpillar IncCAT9,759$4.7M0.08%
93Chevron CorpCVX27,149$4.2M0.07%
94iShares Core S&P 500 ETF4642872006,174$4.1M0.07%
95SPDR S&P M/C 400 ETFMDY6,927$4.1M0.07%
96PIMCO S/T Muni Bond Active ETF72201R87472,517$3.7M0.06%
97Abbvie IncABBV15,531$3.6M0.06%
98McDonalds CorpMCD11,666$3.5M0.06%
99Vanguard Growth ETF9229087366,349$3.0M0.05%
100Intl Business Machines CorpINTR10,737$3.0M0.05%
101Walt Disney Co25468710626,414$3.0M0.05%
102Vanguard ESG US Stock ETF92191073324,409$2.9M0.05%
103Nordson CorpNDSN12,366$2.8M0.05%
104Abbott LaboratoriesABLZF20,435$2.7M0.05%
105Oshkosh CorpOSK20,876$2.7M0.05%
106Nike IncNKE38,552$2.7M0.05%
107Invesco S&P 500 Equal Weight EIVZ14,006$2.7M0.05%
108iShares Core S&P S/C ETF46428780422,234$2.6M0.05%
109iShares 5-10 Year IG Corporate46428863848,785$2.6M0.05%
110Lowe's Companies Inc54866110710,484$2.6M0.05%
111Dimensional US Core Equity 2 E25434V70865,594$2.5M0.04%
112Vanguard ESG Intl Stock ETF92191072535,917$2.5M0.04%
113Tesla IncTSLA5,509$2.5M0.04%
114Kimberly Clark CorpKMB19,209$2.4M0.04%
115Vanguard Information Technolog92204A7023,151$2.4M0.04%
116Mastercard Inc-AMA3,930$2.2M0.04%
117Merck & Co IncMRK26,404$2.2M0.04%
118Starbucks CorpSBUX25,705$2.2M0.04%
119Synopsys IncSNPS4,349$2.1M0.04%
120US BancorpUSB-PS42,225$2.0M0.04%
121Norfolk Southern Corp6558441086,728$2.0M0.04%
122Hershey CoHSY10,696$2.0M0.03%
123iShares Russell 2000 ETF4642876558,117$2.0M0.03%
124Invesco QQQ Trust Series 1 ETFIVZ3,268$2.0M0.03%
125Invesco BulletShares 2031 CorpIVZ115,269$1.9M0.03%
126Unitedhealth Group IncUNH5,556$1.9M0.03%
127S&P Global IncSPGI3,807$1.9M0.03%
128Comcast CorpCCZ57,856$1.8M0.03%
129iShares MSCI EAFE ETF46428746519,451$1.8M0.03%
130Technology Select Sector SPDR81369Y8036,256$1.8M0.03%
131Walmart IncWMT16,379$1.7M0.03%
132iShares Russell M/C ETF46428749917,471$1.7M0.03%
133Cisco Systems IncCSCO24,142$1.7M0.03%
134Vanguard Total Intl Stock ETF92190976821,222$1.6M0.03%
135Vanguard Value ETF9229087448,359$1.6M0.03%
136Emerson Electric CoEMR11,371$1.5M0.03%
137TE Connectivity PlcTEL6,719$1.5M0.03%
138T Rowe Price Group IncTROW14,015$1.4M0.03%
139Charles Schwab CorpSCHW-PJ14,707$1.4M0.02%
140Vanguard Total Bond Mkt ETF92193783518,114$1.3M0.02%
141Vanguard S/T Treasury ETF92206C10222,455$1.3M0.02%
142Coca Cola CoKO19,906$1.3M0.02%
143Illinois Tool Wks Inc4523081094,996$1.3M0.02%
144CSX CorpCSX34,168$1.2M0.02%
145BlackRock IncBLK1,033$1.2M0.02%
146Honeywell International Inc4385161065,702$1.2M0.02%
147Blackstone IncBX6,993$1.2M0.02%
148Corning IncGLW14,524$1.2M0.02%
149Texas Instruments Inc8825081046,429$1.2M0.02%
150AT&T IncT-PC39,466$1.1M0.02%
151Morgan StanleyMS-PQ6,837$1.1M0.02%
152Financial Select Sector SPDR E81369Y60519,402$1.0M0.02%
153Invesco BulletShares 2032 CorpIVZ49,875$1.0M0.02%
154iShares Core MSCI EAFE ETF46432F84211,870$1.0M0.02%
155SPDR S&P Biotech ETF78464A87010,015$1.0M0.02%
156Philip Morris Intl Inc7181721096,168$1.0M0.02%
157Verizon Communications IncVZ22,236$977,2880.02%
158Fox CorpFOX15,175$956,9350.02%
159United Parcel Service IncUPS10,720$895,4530.02%
160Travelers Companies IncTRV3,161$882,6140.02%
161iShares Russell M/C Growth ETF4642874816,176$879,5240.02%
162Amgen IncAMGN3,076$868,1080.02%
163Vanguard S/C Growth ETF9229085952,903$863,9910.02%
164iShares Core S&P Total U.S. St4642871505,902$859,6260.02%
165iShares S&P 500 Growth ETF4642873097,063$852,7000.01%
166Xylem IncXYL5,769$850,9270.01%
167Howmet Aerospace IncHWM4,108$806,1130.01%
168Waste Management Inc94106L1093,454$762,8010.01%
169iShares Russell M/C Value ETF4642874735,447$760,7820.01%
170Wells Fargo & Co9497461019,069$760,1960.01%
171Advanced Micro Devices IncAMD4,672$755,9620.01%
172Applied Materials Inc0382221053,686$754,6360.01%
173Berkshire Hathaway Inc-ABRK-A1$754,2000.01%
174Parker Hannifin CorpPH993$752,5700.01%
175Northern Trust CorpNTRSO5,380$724,1480.01%
176Tyler Technologies IncTYL1,340$701,0340.01%
177Cummins IncCMI1,660$700,9780.01%
178Allstate CorpALL-PJ3,234$694,0860.01%
179Becton Dickinson & CoBDX3,699$692,3420.01%
180General Dynamics CorpGD1,999$681,6590.01%
181Boeing CoBA-PA3,094$667,7780.01%
1823M CoMMM4,229$656,2560.01%
183SPDR Gold TrustGLD1,824$648,3770.01%
184Nvent Electric PLCNVT6,415$632,7760.01%
185Lockheed Martin CorpLMT1,248$623,2190.01%
186SPDR Ptf M/C ETF78464A84710,851$620,5690.01%
187First Trust NASDAQ Cybersecuri33734X8467,960$605,0400.01%
188Air Products & Chemicals IncAIIR2,218$604,8880.01%
189Salesforce IncCRM2,546$603,3470.01%
190GE Vernova IncGEV980$602,6140.01%
191Jack Henry & Associates Inc4262811014,043$602,1240.01%
192STERIS PlcSTE2,418$598,3100.01%
193American Express CoAXP1,778$590,5510.01%
194Vanguard M/C Growth ETF9229085381,965$577,2970.01%
195Veralto CorpVLTO5,394$575,0540.01%
196iShares Core MSCI EM ETF46434G1038,679$572,1010.01%
197iShares Russell 1000 Value ETF4642875982,753$560,4830.01%
198Pentair PlcPNR5,005$554,3110.01%
199Johnson Controls Intl PlcG515021055,000$549,7500.01%
200Shell PLC ADRRYDAF7,317$523,3850.01%
201Vanguard M/C ETF9229086291,739$510,8140.01%
202Invesco BulletShares 2033 CorpIVZ23,780$510,5570.01%
203CrowdStrike Holdings Inc-ACRWD1,030$505,0910.01%
204SAP SE ADRSAPGF1,860$496,9690.01%
205Corteva IncCTVA7,041$476,1830.01%
206Vanguard Health Care ETF92204A5041,825$473,7700.01%
207Iron Mountain Inc46284V1014,618$470,7590.01%
208Du Pont de Nemours IncDD6,016$468,6610.01%
209Vanguard Intermediate Term Cor92206C8705,540$465,9690.01%
210Toronto-Dominion BankTORO5,717$457,0740.01%
211Schwab US Dividend Equity ETF80852479716,345$446,2120.01%
212Mondelez Intl Inc6092071057,072$441,7590.01%
213Jacobs Solutions IncJ2,842$425,9440.01%
214Duke Energy CorpDUKB3,390$419,5400.01%
215Fastenal CoFAST8,514$417,5270.01%
216Marathon Petroleum CorpMARA2,154$415,0870.01%
217Fiserv IncFISV3,216$414,6310.01%
218Bank of America Corp060505682310$396,8000.01%
219KKR & Co IncKKRT3,005$390,4500.01%
220Vanguard S/T Bond ETF9219378274,500$355,0950.01%
221Oneok IncOKE4,710$343,6890.01%
222Avantis Intl Small Cap Value0250728023,846$342,4090.01%
223iShares Gold Trust ETFIAU4,695$341,6550.01%
224Bank of New York Mellon0640581003,103$338,1440.01%
225Hubbell IncHUBB780$335,6420.01%
226Pfizer IncPFE12,887$328,3610.01%
227L3 Harris Technologies IncLHX1,074$327,9310.01%
228Hologic IncHOLX4,770$321,9270.01%
229Lam Research CorpLRCX2,399$321,1960.01%
230Vanguard High Dividend Yield E9219464062,270$319,9560.01%
231Constellation Brands Inc-ASTZ2,354$317,0130.01%
232Altria Group IncMO4,783$315,9410.01%
233Marsh & Mclennan Companies Inc5717481021,518$305,9230.01%
234Vertex Pharmaceuticals IncVRTX775$303,3760.01%
235Yum Brands IncYUM1,991$302,5740.01%
236Vulcan Materials Co929160109975$299,9290.01%
237Valero Energy CorpVLO1,732$294,9690.01%
238Citigroup IncC-PR2,892$293,4880.01%
239Enterprise Products Partners L2937921079,351$292,4030.01%
240iShares Core Dividend Growth E46434V6214,263$290,2250.01%
241Southern CoSOMN2,978$282,1990.00%
242Energy Select Sector SPDR ETF81369Y5063,123$279,0090.00%
243AppFolio IncAPPF1,000$275,6600.00%
244Vanguard Real Estate ETF9229085533,005$274,7170.00%
245Seagate Technology HoldingsSE1,157$273,1830.00%
246AstraZeneca PLC ADRAZN3,542$271,7760.00%
247General Motors Co37045V1004,438$270,6000.00%
248Metlife IncMET-PF3,280$270,1810.00%
249McKesson CorpMCK341$263,3630.00%
250VanEck Morningstar Wide Moat E92189F6432,620$259,6680.00%
251Labcorp Holdings IncLH896$257,2060.00%
252Dimensional US Targeted Value25434V6094,176$243,0850.00%
253Republic Services Inc7607591001,051$241,1830.00%
254Taiwan Semiconductor Manufactu874039100854$238,5150.00%
255PNC Financial Services Group6934751051,175$236,0790.00%
256Cigna Group125523100793$228,5510.00%
257United Rentals IncURI239$228,4600.00%
258Hewlett Packard Enterprise CoHPE-PC9,300$228,4080.00%
259Intel CorpINTC6,732$225,8590.00%
260Cooper Companies Inc2166485013,281$224,9470.00%
261Vanguard Consumer Staples ETF92204A2071,050$224,4160.00%
262Truist Financial Corp89832Q1094,861$222,2450.00%
263IQ Hedge Multi Strategy Tracke45409B1076,545$220,1080.00%
264Autozone IncAZO51$218,8020.00%
265NVR IncNVR27$216,9360.00%
266Canadian National Railway Co1363751022,300$216,8900.00%
267Gilead Sciences IncGILD1,894$210,2340.00%
268iShares S&P GSCI Commodity ETFISMCF9,150$210,1750.00%
269iShares S&P 500 Value ETF464287408982$202,8600.00%
270Aflac IncAFL1,805$201,6500.00%
271MFS High Income Municipal Trus59318D10431,104$115,7070.00%