Institutional Manager · CIK 0001504941

Portland Global Advisors LLC

PORTLAND, ME · File #028-14055

Latest AUM

$931.7M

Positions

150

Top-10 Concentration

52.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

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
NEW	UNILEVER PLC SP ADR NEW	UNLYF	+97,512	+$6.4M	$0
EXITED	UNILEVER PLC SP ADR NEW	904767704	-106,757	-$6.3M	$0
ADD	SPDR PORTFOLIO SHORT TERM TREA	78468R101	+144,936	+$4.2M	-$59,924
ADD	IDEXX LABORATORIES INC	45168D104	+6,224	+$4.2M	+$72,382
ADD	VANGUARD SHORT-TERM TREASURY E	92206C102	+65,606	+$3.9M	-$89,808
NEW	ISHARES IBONDS DEC 2028 TERM T	46436E833	+141,011	+$3.2M	$0
ADD	ISHARES 0-3 MONTH TREASURY BON	46436E718	+26,711	+$2.7M	-$18,459
EXITED	ISHARES IBONDS DEC 2025 TERM T	46436E866	-106,377	-$2.5M	$0
ADD	ISHARES CORE S&P MID-CAP ETF	464287507	+26,039	+$1.7M	+$538,258
ADD	SPDR PORTFOLIO INTERMEDIATE TE	78464A672	+47,303	+$1.4M	-$79,232

Sector Allocation

5.3%$49.7M

4.8%$44.9M

2.5%$23.5M

1.4%$13.2M

1.4%$12.9M

Consumer Discretionary

1.3%$12.1M

Communication Services

0.2%$1.5M

Materials

0.1%$1.5M

Energy

0.1%$1.2M

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025150 pos · $931.7M
Nov 10, 202513F HOLDINGS REPORTQ/E Sep 2025146 pos · $895.6M
Aug 13, 202513F HOLDINGS REPORTQ/E Jun 2025140 pos · $849.4M
May 7, 202513F HOLDINGS REPORTQ/E Mar 2025130 pos · $793.7M
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 2024134 pos · $790.2M
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 2024135 pos · $795.5M
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 2024130 pos · $737.0M
May 8, 202413F HOLDINGS REPORTQ/E Mar 2024134 pos · $733.6M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023119 pos · $596,748

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	STATE STREET SPDR S&P 500 ETF	SPY	123,770	$84.4M	9.82%
2	ISHARES CORE S&P MID-CAP ETF	464287507	753,414	$49.7M	5.79%
3	SPDR PORTFOLIO SHORT TERM TREA	78468R101	1,643,042	$48.1M	5.60%
4	VANGUARD SHORT-TERM TREASURY E	92206C102	814,006	$47.8M	5.56%
5	ISHARES CORE S&P 500 ETF	464287200	65,950	$45.2M	5.26%
6	SPDR S&P MIDCAP 400 ETF TRUST	MDY	66,505	$40.1M	4.67%
7	SPDR PORTFOLIO INTERMEDIATE TE	78464A672	1,367,824	$39.4M	4.59%
8	VANGUARD INTERMEDIATE-TERM TRE	92206C706	656,370	$39.3M	4.58%
9	ISHARES CORE MSCI EAFE ETF	46432F842	343,404	$30.7M	3.57%
10	VANGUARD FTSE EMERGING MARKETS	922042858	429,628	$23.1M	2.69%
11	ISHARES MSCI EAFE ETF	464287465	238,998	$23.0M	2.67%
12	VANGUARD FTSE DEVELOPED MARKET	921943858	323,176	$20.2M	2.35%
13	VANGUARD TOTAL STOCK MARKET ET	922908769	58,869	$19.7M	2.30%
14	ISHARES 0-5 YEAR TIPS BOND ETF	46429B747	186,931	$19.1M	2.23%
15	VANGUARD SHORT-TERM INFLATION-	922020805	379,958	$18.8M	2.19%
16	ISHARES 7-10 YEAR TREASURY BON	464287440	189,750	$18.2M	2.12%
17	VANGUARD FTSE ALL-WORLD EX-US	922042718	122,406	$17.5M	2.04%
18	ISHARES GNMA BOND ETF	46429B333	380,968	$17.0M	1.97%
19	ISHARES CORE MSCI EMERGING MAR	46434G103	251,171	$16.9M	1.96%
20	MICROSOFT CORP	MSFT	34,534	$16.7M	1.94%