13F HOLDINGS REPORT

DAVIDSON TRUST CO

Quarter ended Q4 2025 · Filed January 27, 2026 · Accession 0001133119-26-000001

Total Value

$239.8M

Positions

259

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (259)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	MICROSOFT CORP	MSFT	39,719	$19.2M	8.01%
2	APPLE INC	AAPL	56,378	$15.3M	6.39%
3	ABBVIE INC COM	ABBV	38,092	$8.7M	3.63%
4	ABBOTT LABORATORIES	ABLZF	50,078	$6.3M	2.62%
5	VANGUARD GROWTH ETF (MKT)	922908736	10,980	$5.4M	2.23%
6	VANGUARD VALUE ETF	922908744	27,728	$5.3M	2.21%
7	ISHARES CORE S&P 500 (MKT) ETF	464287200	6,975	$4.8M	1.99%
8	ISHARES CORE MSCI TOT INTL STOC	46432F834	54,274	$4.6M	1.92%
9	ALPHABET INC CAP STK CL C	GOOG	13,904	$4.4M	1.82%
10	ISHARES RUSSELL MID-CAP (MKT)	464287499	42,610	$4.1M	1.71%
11	JOHNSON AND JOHNSON	JNJ	18,805	$3.9M	1.62%
12	COSTCO WHOLESALE CORP	22160K105	4,307	$3.7M	1.55%
13	JPMORGAN CHASE & CO COM	VYLD	11,470	$3.7M	1.54%
14	ISHARES RUSSELL 2000 (MKT)	464287655	13,964	$3.4M	1.43%
15	EXXON MOBIL CORP	XOM	28,086	$3.4M	1.41%
16	ISHARES CORE US AGGREGATE BOND	464287226	31,949	$3.2M	1.33%
17	GLACIER BANCORP INC	GBCI	71,458	$3.1M	1.31%
18	VANGUARD HIGH DIVIDEND YIELD ET	921946406	20,836	$3.0M	1.25%
19	BROADCOM INC	AVGO	7,956	$2.8M	1.15%
20	SPDR S&P 500 (MKT)	SPY	3,941	$2.7M	1.12%
21	PROCTER & GAMBLE CO	742718109	17,339	$2.5M	1.04%
22	BERKSHIRE HATHAWAY INC B	BRK-A	4,863	$2.4M	1.02%
23	RAYTHEON TECHS CORP	RTX	13,257	$2.4M	1.01%
24	VANGUARD FTSE DEVELOPED MARKETS	921943858	38,386	$2.4M	1.00%
25	SCHWAB U S LARGE CAP ETF	808524201	85,608	$2.3M	0.96%
26	AMAZON.COM INC	AMZN	9,960	$2.3M	0.96%
27	SPDR S&P MIDCAP 400 (MKT)	MDY	3,768	$2.3M	0.95%
28	CHUBB LIMITED	CB	6,840	$2.1M	0.89%
29	ALPHABET INC CAP STK CL A	GOOG	6,749	$2.1M	0.88%
30	AUTOMATIC DATA PROCESSING INC	ADP	8,188	$2.1M	0.88%
31	VANGUARD LARGE CAP ETF	922908637	6,256	$2.0M	0.82%
32	ISHARES MSCI EAFE (MKT)	464287465	20,361	$2.0M	0.82%
33	VANGUARD TOTAL STOCK MARKET ETF	922908769	5,767	$1.9M	0.81%
34	VANGUARD FTSE EMERGING MKTS ETF	922042858	33,685	$1.8M	0.76%
35	DISNEY WALT CO	254687106	15,754	$1.8M	0.75%
36	NUVEEN CALIFORNIA QUALITY MUNI	NU	148,098	$1.7M	0.73%
37	NEXTERA ENERGY INC	NEE-PW	20,937	$1.7M	0.70%
38	PEPSICO INC	PEP	11,465	$1.6M	0.69%
39	FIRST TRUST ETF VI HIGH INC ETF	33738R308	67,133	$1.6M	0.66%
40	MICROSOFT CORP	MSFT	3,229	$1.6M	0.65%
41	ISHARES RUSSELL 1000 GROWTH	464287614	3,173	$1.5M	0.63%
42	VANGUARD RUSSELL 1000 GROWTH IN	92206C680	11,565	$1.4M	0.59%
43	LOWES COMPANIES INC	548661107	5,357	$1.3M	0.54%
44	VISA INC CL A	V	3,639	$1.3M	0.53%
45	HONEYWELL INTERNATIONAL INC	438516106	6,532	$1.3M	0.53%
46	COCA COLA CO	KO	18,150	$1.3M	0.53%
47	CHEVRON CORP	CVX	8,234	$1.3M	0.52%
48	NIKE INC CL B	NKE	19,282	$1.2M	0.51%
49	CUMMINS INC	CMI	2,365	$1.2M	0.50%
50	VANGUARD RUSSELL 1000 VALUE IND	92206C714	13,013	$1.2M	0.50%
51	META PLATFORMS INC	META	1,801	$1.2M	0.50%
52	SPDR PORT INTERMEDIATE TERM COR	78464A375	34,526	$1.2M	0.49%
53	ISHARES SELECT DIVIDEND (MKT)	464287168	8,031	$1.1M	0.47%
54	ISHARES CORE MSCI EAFE ETF	46432F842	12,498	$1.1M	0.47%
55	CISCO SYSTEMS INC	CSCO	14,365	$1.1M	0.46%
56	WELLS FARGO & COMPANY	949746101	11,400	$1.1M	0.44%
57	QUALCOMM INC	QCOM	6,130	$1.0M	0.44%
58	SPDR SERIES TRUST SPDR DOW JONE	78464A607	10,651	$1.0M	0.44%
59	PFIZER INC	PFE	40,666	$1.0M	0.42%
60	ISHARES RUSSELL 2000 GROWTH	464287648	2,996	$967,723	0.40%
61	ORACLE CORP	ORCL-PD	4,889	$952,915	0.40%
62	TORTOISE ENERGY FUND ETF	890930209	103,789	$938,245	0.39%
63	VERIZON COMMUNICATIONS INC	VZ	22,454	$914,551	0.38%
64	US BANCORP	USB-PS	17,113	$913,150	0.38%
65	MCDONALDS CORP	MCD	2,947	$900,692	0.38%
66	AT&T INC	T-PC	35,805	$889,396	0.37%
67	ISHARES CORE MSCI EMERGING MKTS	46434G103	12,556	$843,998	0.35%
68	MOODYS CORP	MCO	1,641	$838,305	0.35%
69	ISHARES S&P MID-CAP 400 VALUE	464287705	6,119	$805,389	0.34%
70	CSX CORP	CSX	22,145	$802,756	0.33%
71	GENERAL ELECTRIC CO	369604301	2,577	$793,793	0.33%
72	S&P GLOBAL INC	SPGI	1,466	$766,117	0.32%
73	WALMART INC	WMT	6,810	$758,702	0.32%
74	ISHARES MSCI EMG MKT ETF	464287234	13,471	$736,967	0.31%
75	SCHWAB US SMALL CAP ETF	808524607	25,588	$728,746	0.30%
76	ALTRIA GROUP INC	MO	12,480	$719,597	0.30%
77	PROLOGIS INC	PLDGP	5,549	$708,385	0.30%
78	ISHARES CORE TOTAL USD BOND MAR	46434V613	15,071	$701,404	0.29%
79	VANGUARD MID CAP ETF	922908629	2,371	$688,282	0.29%
80	VANGUARD SHORT-TERM BOND ETF	921937827	8,522	$671,513	0.28%
81	AMERICAN EXPRESS CO	AXP	1,784	$659,991	0.28%
82	ISHARES S&P MIDCAP 400 GROWTH E	464287606	6,704	$649,580	0.27%
83	ISHARES MSCI USA QUALITY FACTOR	46432F339	3,240	$643,753	0.27%
84	ISHARES BROAD USD INVT GRADE CO	464288620	12,398	$641,868	0.27%
85	PHILIP MORRIS INTL INC	718172109	3,985	$639,194	0.27%
86	ECOLAB INC	ECL	2,427	$637,136	0.27%
87	CATERPILLAR INC	CAT	1,073	$614,690	0.26%
88	BOEING CO	BA-PA	2,811	$610,324	0.25%
89	VANGUARD HIGH DIVIDEND YIELD ET	921946406	4,228	$606,913	0.25%
90	BRISTOL-MYERS SQUIBB CO	CELG-RI	11,136	$600,676	0.25%
91	VANGUARD S&P 500 INDEX ETF	922908363	957	$599,927	0.25%
92	CVS HEALTH CORPORATION	CVS	7,469	$592,740	0.25%
93	ISHARES RUSSELL 2000 VALUE	464287630	3,248	$588,406	0.25%
94	ELI LILLY & CO	LLY	545	$585,701	0.24%
95	ACCENTURE PLC IRELAND CL A	ACN	2,179	$584,626	0.24%
96	SOUTHERN COMPANY	SOMN	6,662	$580,926	0.24%
97	INTERNATIONAL BUSINESS MACHINES	INTR	1,952	$578,202	0.24%
98	INVESCO FTSE RAFI US 1000 ETF	IVZ	12,268	$575,606	0.24%
99	ANALOG DEVICES INC	ADI	2,115	$573,588	0.24%
100	MERCK & CO INC	MRK	5,358	$563,983	0.24%
101	DEERE & COMPANY	DE	1,199	$558,218	0.23%
102	ISHARES NATIONAL AMT-FREE MUNI	464288414	5,162	$552,902	0.23%
103	THERMO FISHER SCIENTIFIC INC	TMO	950	$550,478	0.23%
104	EXPEDITORS INTERNATIONAL	302130109	3,575	$532,711	0.22%
105	APPLE INC	AAPL	1,951	$530,399	0.22%
106	LINDE PLC	LIN	1,240	$528,724	0.22%
107	ISHARES CORE US AGGREGATE BOND	464287226	5,181	$517,478	0.22%
108	BANK OF AMERICA CORP	060505104	9,107	$500,885	0.21%
109	MEDTRONIC PLC SHS	MDT	5,135	$493,268	0.21%
110	INTEL CORP	INTC	13,161	$485,641	0.20%
111	SUNOCO LTD PARTNERSHIP	SUN	9,000	$471,690	0.20%
112	BECTON DICKINSON & CO	BDX	2,407	$467,126	0.19%
113	GE VERNOVA LLC	GEV	709	$463,381	0.19%
114	FEDEX CORP	FDX	1,584	$457,554	0.19%
115	VANGUARD DIVIDEND APPREC IDX ET	921908844	2,072	$455,384	0.19%
116	CITIGROUP INC	C-PR	3,858	$450,190	0.19%
117	NORFOLK SOUTHERN CORP	655844108	1,532	$442,319	0.18%
118	SCHWAB CHARLES CORP NEW	SCHW-PJ	4,379	$437,506	0.18%
119	VANGUARD US MOMENTUM FACTOR ETF	921935508	2,218	$424,193	0.18%
120	VANGUARD RUSSELL 2000 INDEX FD	92206C664	4,165	$414,531	0.17%
121	YUM! BRANDS INC	YUM	2,703	$408,910	0.17%
122	TAIWAN SEMICONDUCTOR MFG SPON A	874039100	1,322	$401,743	0.17%
123	INTERNATIONAL BUSINESS MACHINES	INTR	1,346	$398,699	0.17%
124	SUN LIFE FINANCIAL INC	SUNFF	6,383	$398,299	0.17%
125	ISHARES RUSSELL MID-CAP VALUE	464287473	2,810	$396,351	0.17%
126	NOVARTIS AG ADR	NVSEF	2,839	$391,413	0.16%
127	FIRST TRUST ETF VI HIGH INC ETF	33738R308	16,387	$387,060	0.16%
128	AUTOMATIC DATA PROCESSING INC	ADP	1,488	$382,758	0.16%
129	RAYTHEON TECHS CORP	RTX	2,087	$382,756	0.16%
130	VANGUARD REIT ETF (MKT)	922908553	4,256	$376,613	0.16%
131	JPMORGAN CHASE & CO COM	VYLD	1,153	$371,520	0.15%
132	AMGEN INC	AMGN	1,121	$366,915	0.15%
133	HOME DEPOT INC	HD	1,038	$357,176	0.15%
134	STARBUCKS CORP	SBUX	4,182	$352,166	0.15%
135	WELLS FARGO & COMPANY	949746101	3,700	$344,840	0.14%
136	BP PLC SPONS ADR	BPPFF	9,820	$341,049	0.14%
137	VANGUARD SMALL CAP ETF	922908751	1,301	$335,607	0.14%
138	ISHARES CORE MSCI TOT INTL STOC	46432F834	3,935	$333,020	0.14%
139	VANGUARD MEGA CAP GROWTH ETF	921910816	780	$321,961	0.13%
140	JOHNSON AND JOHNSON	JNJ	1,550	$320,773	0.13%
141	ISHARES S&P 500 GROWTH ETF	464287309	2,556	$315,053	0.13%
142	ILLINOIS TOOL WORKS	452308109	1,261	$310,584	0.13%
143	CARRIER GLOBAL CORP	CARR	5,848	$309,008	0.13%
144	SPDR S&P 500 (MKT)	SPY	450	$306,864	0.13%
145	SPDR SSGA MULTI ASSET REAL RTN	78467V103	9,707	$305,348	0.13%
146	BANK OF HAWAII CORP	062540109	4,415	$301,854	0.13%
147	CAMDEN PROPERTY TRUST (REIT)	133131102	2,630	$289,510	0.12%
148	GOLDMAN SACHS GROUP INC	GSCE	325	$285,675	0.12%
149	EATON CORP PLC SHS	ETN	882	$280,926	0.12%
150	ISHARES TIPS BOND (MKT)	464287176	2,510	$275,874	0.12%
151	VANGUARD VALUE ETF	922908744	1,437	$274,407	0.11%
152	BLACKROCK FDG INC	BLK	255	$272,937	0.11%
153	SPDR SERIES TRUST SPDR S&P	78464A763	1,961	$272,893	0.11%
154	DELEK LOGISTICS PARTNERS LP	DKL	6,100	$272,182	0.11%
155	ISHARES BROAD USD HIGH YIELD CO	46435U853	7,278	$272,157	0.11%
156	ALLIANCE BERNSTEIN HOLDING LP U	01881G106	7,000	$269,360	0.11%
157	SEMPRA ENERGY	SREA	3,012	$265,929	0.11%
158	WASTE MANAGEMENT INC	94106L109	1,204	$264,531	0.11%
159	EXXON MOBIL CORP	XOM	2,194	$264,026	0.11%
160	TARGET CORP	TGT	2,690	$262,948	0.11%
161	COSTCO WHOLESALE CORP	22160K105	303	$261,289	0.11%
162	ISHARES MSCI USA EQUAL WEIGHTED	464286681	2,502	$258,632	0.11%
163	PARKER HANNIFIN CORPORATION	PH	289	$254,019	0.11%
164	SARATOGA INVESTMENT CORP NEW	80349A208	11,000	$253,770	0.11%
165	STATE STREET CORPORATION	STT-PG	1,966	$253,634	0.11%
166	SCHLUMBERGER LIMITED	SLB	6,535	$250,813	0.10%
167	SPROTT PHYSICAL GOLD & SILVER T	SII	5,461	$250,114	0.10%
168	VANGUARD MEGA CAP INDEX ETF	921910873	986	$247,654	0.10%
169	FERGUSON ENTERPRISES INC	FERG	1,108	$246,674	0.10%
170	CISCO SYSTEMS INC	CSCO	3,200	$246,496	0.10%
171	ISHARES MSCI EAFE VALUE ETF	464288877	3,451	$246,436	0.10%
172	LABCORP HOLDINGS INC	LH	970	$243,354	0.10%
173	INTUIT INC	INTU	364	$241,121	0.10%
174	SECTOR TECHNOLOGY SELECT SPDR E	81369Y803	1,672	$240,718	0.10%
175	AGNC INVESTMENT CORP	00123Q104	22,356	$239,656	0.10%
176	BOEING CO	BA-PA	1,075	$233,404	0.10%
177	TORTOISE ENERGY FUND ETF	890930209	25,332	$229,007	0.10%
178	PIMCO CALIFORNIA MUNI INCOME FU	72200N106	26,140	$228,202	0.10%
179	ORACLE CORP	ORCL-PD	1,150	$224,147	0.09%
180	LINDE PLC	LIN	520	$221,723	0.09%
181	GILEAD SCIENCES INC	GILD	1,805	$221,546	0.09%
182	ISHARES JPMORGAN EMER MKTS BD E	464288281	2,277	$219,230	0.09%
183	TRIMBLE INC	TRMB	2,781	$217,891	0.09%
184	MCDONALDS CORP	MCD	710	$216,997	0.09%
185	COMCAST CORP CLASS A	CCZ	7,183	$214,700	0.09%
186	CHENIERE ENERGY PARTNERS LP UNI	LNG	4,000	$213,920	0.09%
187	3M CO	MMM	1,331	$213,093	0.09%
188	ISHARES 20 YR TREASURY BOND ET	464287432	2,430	$211,812	0.09%
189	GENERAL DYNAMICS CORP	GD	615	$207,046	0.09%
190	SPDR PORT INTERMEDIATE TERM COR	78464A375	6,122	$206,985	0.09%
191	EQT CORP	EQT	3,846	$206,146	0.09%
192	COLGATE-PALMOLIVE CO	CL	2,571	$203,160	0.08%
193	ALPHABET INC CAP STK CL C	GOOG	640	$200,832	0.08%
194	ABBVIE INC COM	ABBV	870	$198,786	0.08%
195	WARNER BROS DISCOVERY INC SER A	WBD	6,681	$192,546	0.08%
196	3M CO	MMM	1,191	$190,679	0.08%
197	VANGUARD GROWTH ETF (MKT)	922908736	384	$187,338	0.08%
198	PROCTER & GAMBLE CO	742718109	1,305	$187,020	0.08%
199	PHILLIPS 66	PSX	1,426	$184,011	0.08%
200	PEPSICO INC	PEP	1,246	$178,826	0.07%
201	NEXTERA ENERGY INC	NEE-PW	2,222	$178,382	0.07%
202	ISHARES RUSSELL MID-CAP (MKT)	464287499	1,832	$176,367	0.07%
203	WALMART INC	WMT	1,400	$155,974	0.07%
204	ISHARES RUSSELL 2000 VALUE	464287630	810	$146,850	0.06%
205	ISHARES RUSSELL 2000 GROWTH	464287648	447	$144,508	0.06%
206	KNOT OFFSHORE PARTNERS LP	KNOP	13,800	$142,830	0.06%
207	S&P GLOBAL INC	SPGI	261	$136,396	0.06%
208	SPDR SERIES TRUST SPDR DOW JONE	78464A607	1,348	$132,414	0.06%
209	CHEVRON CORP	CVX	859	$130,920	0.05%
210	VANGUARD FTSE EMERGING MKTS ETF	922042858	2,326	$125,046	0.05%
211	NOVARTIS AG ADR	NVSEF	898	$123,807	0.05%
212	INVESCO FTSE RAFI US 1000 ETF	IVZ	2,624	$123,118	0.05%
213	ISHARES S&P MID-CAP 400 VALUE	464287705	928	$122,181	0.05%
214	BECTON DICKINSON & CO	BDX	550	$106,739	0.04%
215	ISHARES MSCI EAFE (MKT)	464287465	1,095	$105,153	0.04%
216	CHUBB LIMITED	CB	334	$104,248	0.04%
217	VANGUARD SHORT-TERM BOND ETF	921937827	1,312	$103,399	0.04%
218	ABBOTT LABORATORIES	ABLZF	810	$101,485	0.04%
219	BROADCOM INC	AVGO	289	$100,023	0.04%
220	PFIZER INC	PFE	3,987	$99,276	0.04%
221	ALPHABET INC CAP STK CL A	GOOG	300	$93,900	0.04%
222	AT&T INC	T-PC	3,673	$91,237	0.04%
223	CUMMINS INC	CMI	169	$86,266	0.04%
224	ISHARES MSCI USA QUALITY FACTOR	46432F339	415	$82,427	0.03%
225	ISHARES S&P MIDCAP 400 GROWTH E	464287606	850	$82,387	0.03%
226	AMAZON.COM INC	AMZN	355	$81,941	0.03%
227	AMGEN INC	AMGN	250	$81,828	0.03%
228	DEERE & COMPANY	DE	172	$80,078	0.03%
229	CARRIER GLOBAL CORP	CARR	1,420	$75,033	0.03%
230	VERIZON COMMUNICATIONS INC	VZ	1,731	$70,504	0.03%
231	GE VERNOVA LLC	GEV	99	$64,703	0.03%
232	ISHARES RUSSELL 1000 GROWTH	464287614	136	$64,592	0.03%
233	ECOLAB INC	ECL	242	$63,530	0.03%
234	LOWES COMPANIES INC	548661107	258	$62,219	0.03%
235	SPDR SSGA MULTI ASSET REAL RTN	78467V103	1,948	$61,265	0.03%
236	PHILLIPS 66	PSX	460	$59,358	0.02%
237	STATE STREET CORPORATION	STT-PG	458	$59,087	0.02%
238	ACCENTURE PLC IRELAND CL A	ACN	212	$56,880	0.02%
239	GENERAL ELECTRIC CO	369604301	184	$56,678	0.02%
240	CATERPILLAR INC	CAT	95	$54,423	0.02%
241	COCA COLA CO	KO	730	$51,034	0.02%
242	AMERICAN EXPRESS CO	AXP	135	$49,943	0.02%
243	ANALOG DEVICES INC	ADI	160	$43,392	0.02%
244	SPDR SERIES TRUST SPDR S&P	78464A763	300	$41,748	0.02%
245	BRISTOL-MYERS SQUIBB CO	CELG-RI	755	$40,725	0.02%
246	HONEYWELL INTERNATIONAL INC	438516106	200	$39,018	0.02%
247	BANK OF AMERICA CORP	060505104	709	$38,995	0.02%
248	FEDEX CORP	FDX	125	$36,108	0.02%
249	ISHARES SELECT DIVIDEND (MKT)	464287168	250	$35,285	0.01%
250	CAMDEN PROPERTY TRUST (REIT)	133131102	300	$33,024	0.01%
251	PROLOGIS INC	PLDGP	238	$30,383	0.01%
252	WARNER BROS DISCOVERY INC SER A	WBD	815	$23,488	0.01%
253	TARGET CORP	TGT	200	$19,550	0.01%
254	SCHLUMBERGER LIMITED	SLB	503	$19,305	0.01%
255	COLGATE-PALMOLIVE CO	CL	230	$18,175	0.01%
256	PHILIP MORRIS INTL INC	718172109	96	$15,398	0.01%
257	HOME DEPOT INC	HD	40	$13,764	0.01%
258	COMCAST CORP CLASS A	CCZ	399	$11,926	0.00%
259	MERCK & CO INC	MRK	100	$10,526	0.00%