Institutional Manager · CIK 0001697855

CAMDEN NATIONAL BANK

CAMDEN, ME · File #028-17892

Latest AUM

$727.4M

Positions

270

Top-10 Concentration

30.2%

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
REDUCE	JOHNSON & JOHNSON	JNJ	-70,986	-$14.7M	+$1.5M
ADD	REPUBLIC SVCS INC	760759100	+60,555	+$12.8M	-$15,708
ADD	ISHARES TR	464287200	+6,764	+$4.6M	+$39,757
EXITED	ELEVANCE HEALTH INC FORMERLY	036752103	-10,009	-$3.2M	$0
ADD	VANGUARD TAX-MANAGED FDS	921943858	+48,843	+$3.1M	+$576,043
REDUCE	ORACLE CORP	ORCL-PD	-13,144	-$2.6M	-$7.2M
NEW	ISHARES TR	46434V621	+26,559	+$1.8M	$0
ADD	ISHARES TR	46434V100	+20,995	+$1.1M	-$43,207
ADD	ISHARES TR	464287507	+15,218	+$1.0M	+$28,825
ADD	ZOETIS INC	ZTS	+7,800	+$981,396	-$1.3M

Sector Allocation

11.6%$84.2M

10.8%$78.4M

5.9%$43.2M

5.5%$39.9M

Consumer Discretionary

4.3%$31.7M

Consumer Staples

2.2%$15.9M

Materials

1.9%$14.0M

Energy

1.2%$8.6M

Communication Services

1.1%$8.3M

Utilities

0.1%$784,017

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 2025270 pos · $727.4M
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 2025261 pos · $714.7M
Aug 12, 202513F HOLDINGS REPORTQ/E Jun 2025262 pos · $693.7M
May 13, 202513F HOLDINGS REPORTQ/E Mar 2025253 pos · $673.1M
Feb 7, 202513F HOLDINGS REPORTQ/E Dec 2024256 pos · $668.2M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 2024266 pos · $697.9M
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 2024217 pos · $647.9M
Apr 30, 202413F HOLDINGS REPORTQ/E Mar 2024181 pos · $566.5M
Nov 3, 202313F HOLDINGS REPORTQ/E Dec 2023177 pos · $487.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MICROSOFT CORP	MSFT	46,540	$22.5M	3.84%
2	NVIDIA CORPORATION	NVDA	118,602	$22.1M	3.77%
3	ALPHABET INC	GOOG	59,900	$18.7M	3.20%
4	ISHARES TR	46434V100	353,356	$17.9M	3.05%
5	VANGUARD TAX-MANAGED FDS	921943858	274,742	$17.2M	2.93%
6	JPMORGAN CHASE & CO.	VYLD	52,708	$17.0M	2.90%
7	QUANTA SVCS INC	74762E102	40,236	$17.0M	2.89%
8	TJX COS INC NEW	872540109	98,975	$15.2M	2.59%
9	JOHNSON & JOHNSON	JNJ	72,013	$14.9M	2.54%
10	COSTCO WHSL CORP NEW	22160K105	17,000	$14.7M	2.50%
11	VISA INC	V	41,731	$14.6M	2.49%
12	CHUBB LIMITED	CB	44,133	$13.8M	2.35%
13	ORACLE CORP	ORCL-PD	69,697	$13.6M	2.32%
14	LINDE PLC	LIN	31,387	$13.4M	2.28%
15	T-MOBILE US INC	TMUSZ	65,826	$13.4M	2.28%
16	L3HARRIS TECHNOLOGIES INC	LHX	45,404	$13.3M	2.27%
17	REPUBLIC SVCS INC	760759100	61,450	$13.0M	2.22%
18	ISHARES TR	464287457	156,379	$13.0M	2.21%
19	MCDONALDS CORP	MCD	42,233	$12.9M	2.20%
20	THERMO FISHER SCIENTIFIC INC	TMO	22,012	$12.8M	2.17%