Institutional Manager · CIK 0000928052

HM PAYSON & CO

PORTLAND, ME · File #028-04422

Latest AUM

$7.09B

Positions

1,606

Top-10 Concentration

49.7%

Filings

Portfolio Value Over Time

2024-06

2024-09

2024-12

2025-03

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SPDR SERIES TRUST	78464A854	+633,253	+$50.8M	+$229,312
REDUCE	NVIDIA CORPORATION	NVDA	-158,502	-$29.6M	+$4.6M
ADD	WELLS FARGO CO NEW	949746101	+173,669	+$16.2M	+$79,016
EXITED	ISHARES TR	46436E866	-656,673	-$15.3M	$0
EXITED	ISHARES TR	46434VBD1	-402,753	-$10.1M	$0
REDUCE	ISHARES TR	46436E718	-78,024	-$7.8M	-$23,806
ADD	ISHARES TR	46435U515	+261,406	+$6.7M	+$129
ADD	ISHARES TR	46436E858	+285,823	+$6.5M	-$40,506
ADD	EATON CORP PLC	ETN	+20,093	+$6.4M	-$45,754
EXITED	SPDR SERIES TRUST	78464A508	-121,945	-$6.4M	$0

Sector Allocation

29.0%$2.06B

9.5%$674.9M

8.2%$580.9M

7.1%$505.8M

Consumer Discretionary

6.3%$450.2M

Communication Services

1.5%$109.3M

1.2%$83.0M

1.0%$69.2M

0.2%$12.9M

0.1%$6.3M

0.0%$1.4M

Filing History

Feb 12, 202613F HOLDINGS REPORTQ/E Dec 20251,606 pos · $7.09B
Oct 17, 202513F HOLDINGS REPORTQ/E Sep 20251,385 pos · $6.31B
Oct 17, 202513F HOLDINGS REPORTQ/E Sep 20251,513 pos · $6.95B
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 20251,446 pos · $5.70B
Feb 7, 202513F HOLDINGS REPORTQ/E Dec 20241,462 pos · $5.90B
Oct 28, 202413F HOLDINGS REPORTQ/E Sep 20241,617 pos · $5.83B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 20241,373 pos · $5.50B
Jun 20, 202413F HOLDINGS REPORTQ/E Jun 20241,286 pos · $5.38B
Nov 6, 202313F HOLDINGS REPORTQ/E Dec 20231,314 pos · $4.27B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLE INC	AAPL	1,626,072	$442.1M	8.27%
2	MICROSOFT CORP	MSFT	853,673	$412.9M	7.72%
3	BROADCOM INC	AVGO	1,124,983	$389.4M	7.28%
4	ALPHABET INC	GOOG	1,070,654	$336.0M	6.28%
5	NVIDIA CORPORATION	NVDA	1,570,173	$292.8M	5.48%
6	AMAZON COM INC	AMZN	840,426	$194.0M	3.63%
7	LAM RESEARCH CORP	LRCX	1,026,753	$175.8M	3.29%
8	ISHARES TR	46436E841	6,366,827	$143.1M	2.68%
9	JPMORGAN CHASE & CO.	VYLD	427,590	$137.8M	2.58%
10	ALPHABET INC	GOOG	432,311	$135.3M	2.53%
11	ISHARES TR	46436E858	5,536,480	$126.6M	2.37%
12	MASTERCARD INCORPORATED	MA	219,963	$125.6M	2.35%
13	VISA INC	V	357,814	$125.5M	2.35%
14	ABBVIE INC	ABBV	530,683	$121.3M	2.27%
15	THERMO FISHER SCIENTIFIC INC	TMO	192,577	$111.6M	2.09%
16	L3HARRIS TECHNOLOGIES INC	LHX	376,880	$110.6M	2.07%
17	AMETEK INC	AME	511,101	$104.9M	1.96%
18	BERKSHIRE HATHAWAY INC DEL	BRK-A	204,567	$102.8M	1.92%
19	ASML HOLDING N V	ASMLF	88,320	$94.5M	1.77%
20	META PLATFORMS INC	META	140,663	$92.9M	1.74%