Institutional Manager · CIK 0002080218

Caldwell Trust Co

Venice, FL · File #028-25778

Latest AUM

$1.13B

Positions

819

Top-10 Concentration

47.5%

Filings

Portfolio Value Over Time

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	VANGUARD INDEX FDS	922908363	+34,952	+$21.9M	+$645,073
ADD	ISHARES TR	464287200	+21,829	+$15.0M	+$2.2M
NEW	BLACKROCK INC	BLK	+11,992	+$12.8M	$0
ADD	VANGUARD INDEX FDS	922908769	+33,502	+$11.2M	+$1.3M
ADD	ISHARES TR	464287507	+157,055	+$10.4M	-$545,259
EXITED	BLACKROCK INC	09247X101	-11,523	-$8.2M	$0
ADD	ISHARES TR	46432F842	+76,859	+$6.9M	+$206,118
REDUCE	SPDR S&P 500 ETF TR	SPY	-9,890	-$6.7M	+$21.4M
ADD	WALMART INC	WMT	+60,481	+$6.7M	-$1.4M
ADD	TAIWAN SEMICONDUCTOR MFG LTD	874039100	+21,280	+$6.5M	+$45,880

Sector Allocation

Technology

19.5%$219.0M

Financials

8.5%$95.5M

Healthcare

6.5%$73.7M

Consumer Discretionary

6.1%$68.4M

Industrials

4.9%$55.1M

Consumer Staples

2.5%$28.5M

Energy

2.0%$22.5M

Communication Services

1.3%$14.6M

Utilities

1.0%$11.0M

Materials

0.6%$7.0M

Real Estate

0.1%$600,740

Filing History

Jan 30, 202613F HOLDINGS REPORTQ/E Dec 2025819 pos · $1.13B
Oct 23, 202513F HOLDINGS REPORTQ/E Sep 2025816 pos · $1.07B
Oct 6, 202513F HOLDINGS REPORTQ/E Sep 2025875 pos · $654.8M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025798 pos · $608.3M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025786 pos · $717.1M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025876 pos · $528.0M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025806 pos · $791.2M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025792 pos · $661.0M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025810 pos · $764.1M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025820 pos · $869.5M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025823 pos · $839.3M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025816 pos · $726.5M
Oct 2, 202513F HOLDINGS REPORTQ/E Sep 2025840 pos · $597.0M
Oct 1, 202513F HOLDINGS REPORTQ/E Sep 2025798 pos · $707.1M
Oct 1, 202513F HOLDINGS REPORTQ/E Sep 2025777 pos · $733.1M
Oct 1, 202513F HOLDINGS REPORTQ/E Sep 2025799 pos · $720.7M
Oct 1, 202513F HOLDINGS REPORTQ/E Sep 2025794 pos · $673.3M
Oct 1, 202513F HOLDINGS REPORTQ/E Sep 2025777 pos · $792.1M
Oct 1, 202513F HOLDINGS REPORTQ/E Sep 2025826 pos · $766.5M
Sep 24, 202513F HOLDINGS REPORTQ/E Sep 2025781 pos · $957.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	APPLE INC	AAPL	244,751	$66.5M	8.82%
2	NVIDIA CORPORATION	NVDA	318,722	$59.4M	7.88%
3	SPDR S&P 500 ETF TR	SPY	61,602	$42.0M	5.57%
4	ALPHABET INC	GOOG	122,738	$38.4M	5.09%
5	MICROSOFT CORP	MSFT	73,276	$35.4M	4.70%
6	AMAZON COM INC	AMZN	131,450	$30.3M	4.02%
7	VANGUARD INDEX FDS	922908363	37,291	$23.4M	3.10%
8	ELI LILLY & CO	LLY	20,447	$22.0M	2.91%
9	JPMORGAN CHASE & CO.	VYLD	64,939	$20.9M	2.77%
10	ISHARES TR	464287200	29,066	$19.9M	2.64%
11	HOME DEPOT INC	HD	47,027	$16.2M	2.15%
12	INVESCO EXCHANGE TRADED FD T	IVZ	74,543	$14.3M	1.89%
13	VANGUARD INDEX FDS	922908769	42,454	$14.2M	1.89%
14	NEXTERA ENERGY INC	NEE-PW	176,326	$14.2M	1.88%
15	ISHARES TR	464288646	265,759	$14.1M	1.86%
16	ISHARES TR	464287226	135,527	$13.5M	1.80%
17	MASTERCARD INCORPORATED	MA	23,497	$13.4M	1.78%
18	COSTCO WHSL CORP NEW	22160K105	15,537	$13.4M	1.78%
19	BLACKROCK INC	BLK	11,992	$12.8M	1.70%
20	ISHARES TR	464288638	238,146	$12.8M	1.70%