Institutional Manager · CIK 0001966011

Massachusetts Wealth Management

NORTH ANDOVER, MA · File #028-23128

Latest AUM

$214.9M

Positions

Top-10 Concentration

38.4%

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
ADD	J P MORGAN EXCHANGE TRADED F	46641Q837	+145,855	+$7.4M	-$9,842
ADD	SELECT SECTOR SPDR TR	81369Y803	+41,433	+$6.0M	-$5.9M
ADD	SELECT SECTOR SPDR TR	81369Y506	+33,789	+$1.5M	-$1.6M
EXITED	KELLANOVA	487836108	-13,333	-$1.1M	$0
ADD	VANGUARD SCOTTSDALE FDS	92206C409	+4,299	+$342,759	-$12,020
ADD	SELECT SECTOR SPDR TR	81369Y209	+2,214	+$342,727	+$329,543
REDUCE	NVIDIA CORPORATION	NVDA	-1,715	-$319,848	-$1,727
EXITED	SPDR SERIES TRUST	78468R556	-1,745	-$230,689	$0
NEW	TORONTO DOMINION BK ONT	TORO	+2,410	+$227,022	$0
REDUCE	ISHARES TR	464287515	-1,994	-$210,742	-$255,688

Sector Allocation

13.3%$28.6M

9.2%$19.8M

8.6%$18.4M

6.8%$14.6M

4.7%$10.0M

3.8%$8.1M

Consumer Discretionary

3.1%$6.6M

Communication Services

0.8%$1.7M

Materials

0.7%$1.5M

Utilities

0.3%$648,562

Filing History

Jan 26, 202613F HOLDINGS REPORTQ/E Dec 202593 pos · $214.9M
Oct 21, 202513F HOLDINGS REPORTQ/E Sep 202596 pos · $201.5M
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 202594 pos · $177.3M
Apr 17, 202513F HOLDINGS REPORTQ/E Mar 202583 pos · $145.8M
Jan 27, 202513F HOLDINGS REPORTQ/E Dec 202490 pos · $162.0M
Oct 23, 202413F HOLDINGS REPORTQ/E Sep 202488 pos · $158.6M
Aug 1, 202413F HOLDINGS REPORTQ/E Jun 202493 pos · $149.0M
Apr 19, 202413F HOLDINGS REPORTQ/E Mar 202491 pos · $141.9M
Oct 25, 202313F HOLDINGS REPORTQ/E Dec 202385 pos · $108.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	SELECT SECTOR SPDR TR	81369Y803	84,496	$12.2M	6.93%
2	J P MORGAN EXCHANGE TRADED F	46641Q837	216,155	$10.9M	6.23%
3	JPMORGAN CHASE & CO.	VYLD	19,940	$6.4M	3.66%
4	CITIGROUP INC	C-PR	51,215	$6.0M	3.40%
5	SELECT SECTOR SPDR TR	81369Y704	38,100	$5.9M	3.37%
6	APPLE INC	AAPL	21,650	$5.9M	3.35%
7	SELECT SECTOR SPDR TR	81369Y605	104,101	$5.7M	3.25%
8	VANGUARD SCOTTSDALE FDS	92206C409	64,401	$5.1M	2.93%
9	MICROSOFT CORP	MSFT	9,624	$4.7M	2.65%
10	GE AEROSPACE	369604301	14,770	$4.5M	2.59%
11	EXXON MOBIL CORP	XOM	36,094	$4.3M	2.47%
12	BANK AMERICA CORP	060505104	75,230	$4.1M	2.36%
13	GE VERNOVA INC	GEV	6,056	$4.0M	2.26%
14	NVIDIA CORPORATION	NVDA	19,887	$3.7M	2.11%
15	JOHNSON & JOHNSON	JNJ	17,605	$3.6M	2.08%
16	CATERPILLAR INC	CAT	6,356	$3.6M	2.07%
17	SELECT SECTOR SPDR TR	81369Y209	23,298	$3.6M	2.05%
18	WALMART INC	WMT	30,428	$3.4M	1.93%
19	ELI LILLY & CO	LLY	2,950	$3.2M	1.81%
20	SELECT SECTOR SPDR TR	81369Y506	70,553	$3.2M	1.80%