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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

Choate Investment Advisors

Quarter ended Q1 2023 · Filed February 14, 2023 · Accession 0001398344-23-003248

Total Value
$1.66B
Positions
327
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (327)

#IssuerTicker / CUSIPSharesValue% of Filing
1ISHARES TR464287200849,951$326.6M19.70%
2INVESCO EXCHANGE TRADED FD TIVZ2,305,468$325.6M19.64%
3ISHARES TR4642873093,083,336$180.4M10.88%
4ISHARES TR464287804987,175$93.4M5.64%
5SPDR SER TR78468R523523,099$51.9M3.13%
6APPLE INCAAPL337,565$43.9M2.65%
7MICROSOFT CORPMSFT150,019$36.0M2.17%
8SPDR S&P 500 ETF TRSPY79,091$30.2M1.82%
9CHASE CORPWHLT312,367$26.9M1.63%
10ISHARES TR464288414205,979$21.7M1.31%
11BERKSHIRE HATHAWAY INC DELBRK-A58,463$18.1M1.09%
12HOME DEPOT INCHD46,815$14.8M0.89%
13PROCTER AND GAMBLE CO74271810990,522$13.7M0.83%
14JPMORGAN CHASE & COVYLD92,531$12.4M0.75%
15JOHNSON & JOHNSONJNJ69,000$12.2M0.74%
16ABBOTT LABSABLZF108,912$12.0M0.72%
17BARNES GROUP INC067806109257,187$10.5M0.63%
18ABBVIE INCABBV62,769$10.1M0.61%
19SPDR SER TR78468R796976,237$10.1M0.61%
20EXXON MOBIL CORPXOM88,917$9.8M0.59%
21ALPHABET INCGOOG109,482$9.7M0.58%
22VANGUARD SCOTTSDALE FDS92206C102157,304$9.1M0.55%
23AMAZON COM INCAMZN104,895$8.8M0.53%
24ALPHABET INCGOOG98,731$8.8M0.53%
25BERKSHIRE HATHAWAY INC DELBRK-A18$8.4M0.51%
26AUTOMATIC DATA PROCESSING INADP33,301$8.0M0.48%
27TJX COS INC NEW87254010993,091$7.4M0.45%
28ISHARES TR46436E71873,617$7.4M0.44%
29PFIZER INCPFE140,163$7.2M0.43%
30GENERAL MLS INC37033410483,813$7.0M0.42%
31ISHARES TR46428761431,197$6.7M0.40%
32SELECT SECTOR SPDR TR81369Y70467,454$6.6M0.40%
33MERCK & CO INCMRK56,909$6.3M0.38%
34PEPSICO INCPEP34,537$6.2M0.38%
35LILLY ELI & COLLY16,846$6.2M0.37%
36SELECT SECTOR SPDR TR81369Y20944,795$6.1M0.37%
37SPDR GOLD TRGLD32,153$5.5M0.33%
38VANGUARD SPECIALIZED FUNDS92190884433,751$5.1M0.31%
39AMERICAN EXPRESS COAXP32,912$4.9M0.29%
40AMERIPRISE FINL INC03076C10614,393$4.5M0.27%
41CISCO SYS INCCSCO93,466$4.5M0.27%
42COCA COLA COKO69,818$4.4M0.27%
43THERMO FISHER SCIENTIFIC INCTMO8,050$4.4M0.27%
44UNITEDHEALTH GROUP INCUNH7,894$4.2M0.25%
45APPLIED MATLS INC03822210542,129$4.1M0.25%
46VANGUARD INDEX FDS92290876921,454$4.1M0.25%
47MASTERCARD INCORPORATEDMA11,785$4.1M0.25%
48MCDONALDS CORPMCD15,530$4.1M0.25%
49NIKE INCNKE34,552$4.0M0.24%
50DANAHER CORPORATION23585110215,166$4.0M0.24%
51WALMART INCWMT27,496$3.9M0.24%
52AMGEN INCAMGN14,103$3.7M0.22%
53DEERE & CODE8,251$3.5M0.21%
54UNION PAC CORPUNP15,518$3.2M0.19%
55PROGRESS SOFTWARE CORP74331210061,948$3.1M0.19%
56HONEYWELL INTL INC43851610614,481$3.1M0.19%
57CVS HEALTH CORPCVS33,084$3.1M0.19%
58TEXAS INSTRS INC88250810418,378$3.0M0.18%
59INTEL CORPINTC112,912$3.0M0.18%
60STRYKER CORPORATIONSYK12,165$3.0M0.18%
61NVIDIA CORPORATIONNVDA19,824$2.9M0.17%
62ALLSTATE CORPALL-PJ21,099$2.9M0.17%
63DISNEY WALT CO25468710632,607$2.8M0.17%
64COGNIZANT TECHNOLOGY SOLUTIOCTSH49,429$2.8M0.17%
65AFLAC INCAFL37,949$2.7M0.16%
66ISHARES TR46428746541,013$2.7M0.16%
673M COMMM22,203$2.7M0.16%
68RAYTHEON TECHNOLOGIES CORPRTX26,090$2.6M0.16%
69VISA INCV12,594$2.6M0.16%
70CLEVELAND-CLIFFS INC NEWCLF161,000$2.6M0.16%
71CHEVRON CORP NEWCVX14,019$2.5M0.15%
72ISHARES TR46428762211,949$2.5M0.15%
73MATTHEWS ASIA FDS577125834101,545$2.5M0.15%
74ISHARES TR46436E296105,790$2.4M0.15%
75S&P GLOBAL INCSPGI7,297$2.4M0.15%
76BRISTOL-MYERS SQUIBB COCELG-RI32,068$2.3M0.14%
77INVESCO QQQ TRIVZ8,535$2.3M0.14%
78EMERSON ELEC COEMR22,948$2.2M0.13%
79QUALCOMM INCQCOM19,550$2.1M0.13%
80SCHWAB STRATEGIC TR80852479728,018$2.1M0.13%
81ANALOG DEVICES INCADI12,675$2.1M0.13%
82TARGET CORPTGT13,789$2.1M0.12%
83ACCENTURE PLC IRELANDACN6,824$1.8M0.11%
84VANGUARD INDEX FDS9229083635,098$1.8M0.11%
85LOCKHEED MARTIN CORPLMT3,603$1.8M0.11%
86COSTCO WHSL CORP NEW22160K1053,814$1.7M0.11%
87FISERV INCFISV16,960$1.7M0.10%
88ILLINOIS TOOL WKS INC4523081097,761$1.7M0.10%
89LOWES COS INC5486611078,305$1.7M0.10%
90NEXTERA ENERGY INCNEE-PW19,226$1.6M0.10%
91METTLER TOLEDO INTERNATIONALMTD1,110$1.6M0.10%
92MICRON TECHNOLOGY INCMU30,519$1.5M0.09%
93BANK AMERICA CORP06050510445,031$1.5M0.09%
94CANADIAN PAC RY LTD13645T10019,930$1.5M0.09%
95WELLS FARGO CO NEW94974610135,931$1.5M0.09%
96ISHARES TR4642876558,406$1.5M0.09%
97GENERAL DYNAMICS CORPGD5,853$1.5M0.09%
98CHARLES RIV LABS INTL INC1598641076,620$1.4M0.09%
99SKYWORKS SOLUTIONS INCSWKS14,518$1.3M0.08%
100ORACLE CORPORCL-PD16,127$1.3M0.08%
101TAIWAN SEMICONDUCTOR MFG LTD87403910017,626$1.3M0.08%
102ENTERPRISE PRODS PARTNERS L29379210754,431$1.3M0.08%
103CANADIAN NATL RY CO13637510210,960$1.3M0.08%
104NORTHROP GRUMMAN CORPNOC2,366$1.3M0.08%
105KROGER COKR28,871$1.3M0.08%
106VANGUARD INTL EQUITY INDEX F92204274214,209$1.2M0.07%
107KIMBERLY-CLARK CORPKMB8,970$1.2M0.07%
108MARATHON PETE CORPMARA10,455$1.2M0.07%
109TESLA INCTSLA9,843$1.2M0.07%
110SELECT SECTOR SPDR TR81369Y4079,138$1.2M0.07%
111HOLOGIC INCHOLX15,531$1.2M0.07%
112BOEING COBA-PA5,986$1.1M0.07%
113PNC FINL SVCS GROUP INC6934751057,063$1.1M0.07%
114ISHARES TR46428744011,643$1.1M0.07%
115LIBERTY MEDIA CORP DELFWONB28,020$1.1M0.07%
116NOVARTIS AGNVSEF11,873$1.1M0.06%
117AMERICAN TOWER CORP NEW03027X1005,058$1.1M0.06%
118YUM BRANDS INCYUM8,331$1.1M0.06%
119CONSTELLATION BRANDS INCSTZ4,594$1.1M0.06%
120CATERPILLAR INCCAT4,422$1.1M0.06%
121LINDE PLCLIN3,223$1.1M0.06%
122ADOBE SYSTEMS INCORPORATEDADBE3,108$1.0M0.06%
123AMERICAN WTR WKS CO INC NEW0304201036,789$1.0M0.06%
124VANGUARD INDEX FDS9229087364,822$1.0M0.06%
125STANDEX INTL CORP85423110710,000$1.0M0.06%
126CARRIER GLOBAL CORPORATIONCARR23,907$986,1640.06%
127CAPITAL ONE FINL CORP14040H10510,163$944,7520.06%
128VERIZON COMMUNICATIONS INCVZ23,684$933,1500.06%
129SPDR S&P MIDCAP 400 ETF TRMDY2,107$932,9590.06%
130WORLD GOLD TRGLDW25,760$932,2540.06%
131PAYCHEX INCPAYX8,007$925,2890.06%
132GLOBAL X FDS37954Y88919,740$918,3050.06%
133DOVER CORPDOV6,690$905,8930.05%
134ISHARES TR46428749913,368$901,6720.05%
135ISHARES TR4642875985,877$891,2470.05%
136BHP GROUP LTDBHPLF13,944$865,2250.05%
137SCHWAB CHARLES CORPSCHW-PJ10,306$858,0780.05%
138COMCAST CORP NEWCCZ24,089$842,3920.05%
139AZENTA INCAZTA14,187$825,9670.05%
140GSK PLCGLAXF22,629$795,1830.05%
141GOLDMAN SACHS GROUP INCGSCE2,314$794,5810.05%
142SPDR SER TR78464A8709,149$759,3670.05%
143ISHARES TR4642888858,916$746,8040.05%
144GILEAD SCIENCES INCGILD8,665$743,8900.04%
145NORFOLK SOUTHN CORP6558441082,972$732,3600.04%
146BECTON DICKINSON & COBDX2,857$726,5350.04%
147AMPHENOL CORP NEW0320951019,460$720,2840.04%
148BLACKROCK INCBLK1,013$717,8420.04%
149WALGREENS BOOTS ALLIANCE INC93142710818,959$708,3080.04%
150TE CONNECTIVITY LTDTEL6,167$707,9720.04%
151DISCOVER FINL SVCS2547091086,938$678,7450.04%
152APTARGROUP INCATR6,162$677,6970.04%
153ECOLAB INCECL4,592$668,4120.04%
154ROPER TECHNOLOGIES INCROP1,540$665,4190.04%
155INTERNATIONAL BUSINESS MACHSINTR4,682$659,6470.04%
156VANGUARD INDEX FDS9229086373,783$658,9990.04%
157UNILEVER PLCUNLYF13,039$656,5140.04%
158SELECT SECTOR SPDR TR81369Y8035,226$650,3230.04%
159VANGUARD TAX-MANAGED FDS92194385815,376$645,3310.04%
160ISHARES TR4642877218,475$631,3030.04%
161AIR PRODS & CHEMS INCAIIR2,036$627,6170.04%
162SCHLUMBERGER LTDSLB11,695$625,2150.04%
163MCKESSON CORPMCK1,664$624,2000.04%
164ALCON AGALC8,922$611,6030.04%
165ISHARES TR4642871685,030$606,6180.04%
166VERTEX PHARMACEUTICALS INCVRTX2,065$596,3310.04%
167ISHARES TR46434V80322,056$595,5120.04%
168ISHARES TR46429B67112,527$595,0330.04%
169ILLUMINA INCILMN2,934$593,2550.04%
170COLGATE PALMOLIVE COCL7,182$565,8700.03%
171GENERAL ELECTRIC CO3696043016,669$558,7960.03%
172VANGUARD WORLD FDS92204A7021,732$553,2180.03%
173BLACKSTONE INCBX7,400$549,0060.03%
174GLOBE LIFE INCGL-PD4,536$546,8150.03%
175ISHARES TR4642874325,465$544,0950.03%
176YUM CHINA HLDGS INCYUMC9,793$535,1870.03%
177EBAY INC.EBAY12,630$523,7660.03%
178CONOCOPHILLIPSCOP4,387$517,6660.03%
179TRAVELERS COMPANIES INCTRV2,739$513,5350.03%
180VANGUARD SCOTTSDALE FDS92206C7068,779$513,3960.03%
181CIGNA CORP NEW1255231001,548$512,9140.03%
182KRONOS BIO INC50107A104308,697$500,0890.03%
183WASTE MGMT INC DEL94106L1093,152$494,4860.03%
184L3HARRIS TECHNOLOGIES INCLHX2,336$486,3790.03%
185CHIPOTLE MEXICAN GRILL INCCMG347$481,4590.03%
186STATE STR CORPSTT-PG6,131$475,5820.03%
187ISHARES INC46434G10310,049$469,2880.03%
188MOODYS CORPMCO1,663$463,3450.03%
189VANGUARD INDEX FDS9229087443,286$461,2560.03%
190ROCKWELL AUTOMATION INCROK1,787$460,2780.03%
191PROSHARES TR74348A4675,010$450,8500.03%
192ZIMMER BIOMET HOLDINGS INCZBH3,524$449,3100.03%
193EDWARDS LIFESCIENCES CORPEW5,848$436,3190.03%
194MONDELEZ INTL INC6092071056,494$432,8250.03%
195ISHARES TR46432F8427,015$432,4050.03%
196BP PLCBPPFF12,207$426,3910.03%
197ALBEMARLE CORPALB-PA1,953$423,5280.03%
198MARRIOTT INTL INC NEW5719032022,843$423,2940.03%
199INVESCO EXCH TRADED FD TR IIIVZ10,385$417,2690.03%
200AT&T INCT-PC22,600$416,0660.03%
201DARDEN RESTAURANTS INCDRI2,965$410,1480.02%
202PARKER-HANNIFIN CORPPH1,399$407,1090.02%
203ISHARES TR4642875071,682$406,8590.02%
204ALLIANCEBERNSTEIN GLOBAL HIGAWF43,746$403,3380.02%
205FIRST TR EXCHANGE-TRADED FD33733E3023,250$400,2380.02%
206OTIS WORLDWIDE CORPOTIS5,019$393,0380.02%
207WOODSIDE ENERGY GROUP LTDWOPEF15,128$366,2490.02%
208SELECT SECTOR SPDR TR81369Y3084,792$357,2440.02%
209INTUITINTU911$354,5790.02%
210META PLATFORMS INCMETA2,837$341,4050.02%
211STARBUCKS CORPSBUX3,335$330,8320.02%
212CSX CORPCSX10,673$330,6500.02%
213ISHARES GOLD TRIAU9,517$329,1930.02%
214PHILIP MORRIS INTL INC7181721093,248$328,7300.02%
215V F CORPVFC11,867$327,6480.02%
216NOVO-NORDISK A SNONOF2,418$327,2520.02%
217ISHARES TR46429B6974,454$321,1330.02%
218KEURIG DR PEPPER INCKDP8,950$319,1570.02%
219INVESCO EXCH TRADED FD TR IIIVZ4,994$319,1170.02%
220BIOGEN INCBIIB1,133$313,7500.02%
221US BANCORP DELUSB-PS7,133$311,0700.02%
222ISHARES TR46435G3265,494$307,5540.02%
223LEMAITRE VASCULAR INCLMAT6,627$304,9750.02%
224QUANTA SVCS INC74762E1022,111$300,8180.02%
225ALTRIA GROUP INCMO6,453$294,9670.02%
226WISDOMTREE TRWT4,710$291,7850.02%
227REGENERON PHARMACEUTICALSREGN394$284,2670.02%
228BROADCOM INCAVGO506$282,9200.02%
229SELECT SECTOR SPDR TR81369Y6058,215$280,9530.02%
230CARPENTER TECHNOLOGY CORPCRS7,600$280,7440.02%
231HUDBAY MINERALS INCHBM55,000$278,8500.02%
232ISHARES TR4642872347,150$270,9850.02%
233INTERCONTINENTAL EXCHANGE IN45866F1042,624$269,1960.02%
234VAIL RESORTS INCMTN1,095$260,9930.02%
235METLIFE INCMET-PF3,569$258,2890.02%
236MORGAN STANLEYMS-PQ2,966$252,1690.02%
237DORCHESTER MINERALS LPDMLP8,418$251,9510.02%
238INVESCO ADVANTAGE MUN INCOMEIVZ28,814$247,5120.01%
239NUVEEN QUALITY MUNCP INCOMENU20,900$246,6200.01%
240TRANE TECHNOLOGIES PLCTT1,445$242,8900.01%
241ISHARES TR46434VAX89,686$242,4410.01%
242NUVEEN AMT FREE QLTY MUN INCNU21,300$242,1810.01%
243FLEXSHARES TRFLEX1,614$239,8400.01%
244CF INDS HLDGS INC1252691002,785$237,2820.01%
245VANGUARD INDEX FDS9229086291,150$234,3820.01%
246BLACKROCK MUN INCOME QUALITYBLK20,600$233,8100.01%
247BLACKSTONE MTG TR INCBX11,000$232,8700.01%
248PROGRESSIVE CORP7433151031,787$231,7920.01%
249PALO ALTO NETWORKS INCPANW1,629$227,3110.01%
250GALLAGHER ARTHUR J & CO3635761091,205$227,1910.01%
251NUVEEN CA QUALTY MUN INCOMENU20,500$226,9350.01%
252HALEON PLCHLNCF28,290$226,3200.01%
253DWS MUN INCOME TR23336810926,200$225,5820.01%
254HILTON WORLDWIDE HLDGS INCHLT1,770$223,6570.01%
255T-MOBILE US INCTMUSZ1,597$223,5800.01%
256SEAGATE TECHNOLOGY HLDNGS PLSE4,075$214,3860.01%
257VULCAN MATLS CO9291601091,210$211,8830.01%
258AKAMAI TECHNOLOGIES INCAKAM2,500$210,7500.01%
259TYSON FOODS INCTSN3,337$207,7280.01%
260J P MORGAN EXCHANGE TRADED F46641Q2253,616$207,1610.01%
261HERSHEY COHSY876$202,8550.01%
262CORNING INCGLW6,316$201,7330.01%
263PAYPAL HLDGS INCPYPL2,822$200,9830.01%
264MARSH & MCLENNAN COS INC5717481021,213$200,7270.01%
265ISHARES TR4642871761,880$200,1070.01%
266VANGUARD WORLD FDS92204A108897$196,4610.01%
267SCHWAB STRATEGIC TR8085241024,210$188,6500.01%
268AMCOR PLCAMCCF14,483$172,4930.01%
269BLACKROCK MUNIHOLDINGS FD INBLK13,726$166,6340.01%
270ISHARES TR4642882571,905$161,6960.01%
271VANGUARD WORLD FDS92204A8761,033$158,4210.01%
272ISHARES TR4642875561,206$158,3360.01%
273VANGUARD BD INDEX FDS9219378272,008$151,1620.01%
274ISHARES TR4642887601,330$148,7740.01%
275ISHARES TR464287523405$140,9320.01%
276ISHARES TR4642872261,401$135,8830.01%
277SPDR SER TR78464A7631,085$135,7440.01%
278SCHWAB STRATEGIC TR8085248054,095$131,9000.01%
279VANGUARD BD INDEX FDS9219378351,781$127,9470.01%
280ISHARES TR4642874571,572$127,5990.01%
281ASPEN AEROGELS INCASPN10,000$117,9000.01%
282VANGUARD INDEX FDS9229085531,400$115,4720.01%
283GLOBAL X FDS37954Y8715,695$114,3560.01%
284VANGUARD INDEX FDS922908512833$112,6550.01%
285ISHARES TR46434V464735$101,5360.01%
286INVESCO EXCHANGE TRADED FD TIVZ1,921$99,0080.01%
287ISHARES TR46434V8781,850$92,5740.01%
288INVESCO EXCH TRADED FD TR IIIVZ2,625$85,7060.01%
289VANGUARD SCOTTSDALE FDS92206C649695$84,6300.01%
290ISHARES TR464287705830$83,6640.01%
291SPDR SER TR78464A631738$81,2170.00%
292VIRTUS TOTAL RETURN FD INC92835W10712,329$80,7550.00%
293INVESCO EXCH TRADED FD TR IIIVZ2,048$77,3820.00%
294WISDOMTREE TRWT1,172$75,3480.00%
295INVESCO EXCH TRADED FD TR IIIVZ1,465$68,2980.00%
296ISHARES TR4642888101,290$67,8150.00%
297VANGUARD SCOTTSDALE FDS92206C870800$62,0080.00%
298INVESCO EXCH TRADED FD TR IIIVZ2,225$59,5860.00%
299INVESCO EXCH TRADED FD TR IIIVZ1,350$59,1710.00%
300ISHARES TR464287697670$57,9820.00%
301ISHARES TR464287325625$53,0500.00%
302ISHARES TR464287242500$52,7150.00%
303ISHARES TR464287564928$50,8920.00%
304INVESCO EXCH TRADED FD TR IIIVZ2,165$49,8170.00%
305SPDR SER TR78464A755995$49,5610.00%
306GLOBAL X FDS37954Y855784$45,9500.00%
307ISHARES TR464287101269$45,8830.00%
308INVESCO EXCH TRADED FD TR IIIVZ1,851$44,5670.00%
309ISHARES TR464288372857$39,2850.00%
310ISHARES TR464287648175$37,5410.00%
311ISHARES TR46429B689583$37,0700.00%
312ISHARES TR464288513500$36,8150.00%
313SCHWAB STRATEGIC TR808524201692$31,2440.00%
314VANGUARD INTL EQUITY INDEX F922042858695$27,0910.00%
315SCHWAB STRATEGIC TR808524771489$26,1320.00%
316ISHARES TR464288273428$24,1730.00%
317SIGILON THERAPEUTICS INC82657L10766,666$23,3330.00%
318SPDR SER TR78464A789550$22,5230.00%
319INVESCO EXCHANGE TRADED FD TIVZ3,665$18,7650.00%
320VANGUARD SCOTTSDALE FDS92206C847292$17,9930.00%
321SCHWAB STRATEGIC TR808524722435$16,0650.00%
322SELECT SECTOR SPDR TR81369Y886200$14,1000.00%
323INVESCO EXCH TRADED FD TR IIIVZ265$13,6790.00%
324INVESCO EXCHANGE TRADED FD TIVZ36$9,9350.00%
325ISHARES INC46434G848192$7,8720.00%
326FIRST TR EXCHANGE-TRADED FD33733E500150$7,0790.00%
327SPDR SER TR78468R630141$5,5470.00%