# DAVIDSON TRUST CO

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1133119. Source: https://holderbook.com/funds/1133119-davidson-trust-co/

- Reported value: $253.0M
- Positions: 183
- Weight of the ten largest: 33.9%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $19.8M | 38,598 | 7.8% | 28 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $18.4M | 55,267 | 7.3% | 28 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.8M | 29,634 | 3.1% | 28 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.8M | 75,139 | 2.7% | 28 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $6.6M | 30,741 | 2.6% | 28 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $5.8M | 60,629 | 2.3% | 28 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.7M | 7,400 | 2.2% | 26 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $5.5M | 182,335 | 2.2% | 28 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.1M | 14,860 | 2.0% | 28 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $4.5M | 42,604 | 1.8% | 28 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $4.5M | 45,708 | 1.8% | 28 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.5M | 16,989 | 1.8% | 28 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.4M | 13,346 | 1.7% | 28 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.9M | 5,079 | 1.5% | 16 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $3.7M | 39,635 | 1.5% | 28 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.7M | 13,469 | 1.5% | 28 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.7M | 4,101 | 1.5% | 28 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $3.7M | 22,912 | 1.5% | 1 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $3.6M | 23,133 | 1.4% | 28 |
| GLACIER BANCORP INC NEW | [GBCI](https://holderbook.com/stocks/GBCI/) | $3.1M | 72,208 | 1.2% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.8M | 11,163 | 1.1% | 28 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $2.7M | 38,398 | 1.1% | 28 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $2.6M | 3,965 | 1.0% | 26 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.3M | 6,267 | 0.9% | 19 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $2.2M | 21,532 | 0.9% | 28 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $2.2M | 6,256 | 0.9% | 28 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.2M | 36,770 | 0.9% | 28 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.1M | 8,162 | 0.8% | 28 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.1M | 11,187 | 0.8% | 26 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.0M | 5,830 | 0.8% | 15 |
| FIRST TR EXCHANGE-TRADED FD | [FTHI](https://holderbook.com/stocks/FTHI/) | $2.0M | 82,855 | 0.8% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.9M | 18,055 | 0.8% | 28 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.9M | 13,229 | 0.8% | 28 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.9M | 5,541 | 0.8% | 28 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.9M | 14,814 | 0.7% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.8M | 8,873 | 0.7% | 28 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.8M | 5,455 | 0.7% | 28 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.6M | 12,407 | 0.6% | 28 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.6M | 13,061 | 0.6% | 28 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.5M | 14,393 | 0.6% | 28 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.5M | 19,625 | 0.6% | 28 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $1.5M | 4,066 | 0.6% | 28 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $1.4M | 43,672 | 0.6% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.3M | 2,692 | 0.5% | 27 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.3M | 13,414 | 0.5% | 12 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $1.3M | 11,928 | 0.5% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.3M | 3,566 | 0.5% | 28 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $1.3M | 46,370 | 0.5% | 3 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.3M | 14,746 | 0.5% | 28 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $1.3M | 11,999 | 0.5% | 28 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.3M | 9,740 | 0.5% | 11 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.2M | 8,164 | 0.5% | 9 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.2M | 41,406 | 0.5% | 28 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.2M | 14,487 | 0.5% | 28 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $1.2M | 8,418 | 0.5% | 28 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.2M | 1,586 | 0.5% | 12 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $1.1M | 13,848 | 0.4% | 28 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.1M | 24,376 | 0.4% | 28 |
| TORTOISE CAPITAL SERIES TRUS | [TNGY](https://holderbook.com/stocks/TNGY/) | $1.1M | 104,721 | 0.4% | 6 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $1.0M | 4,999 | 0.4% | 28 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.0M | 22,307 | 0.4% | 28 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $996.4K | 17,251 | 0.4% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $984.1K | 5,347 | 0.4% | 28 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $980.6K | 8,944 | 0.4% | 28 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $967.7K | 5,251 | 0.4% | 21 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $963.4K | 39,482 | 0.4% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $946.3K | 6,512 | 0.4% | 28 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $939.0K | 2,367 | 0.4% | 10 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $915.8K | 20,771 | 0.4% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $910.1K | 3,941 | 0.4% | 28 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $906.2K | 13,568 | 0.4% | 26 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $901.4K | 1,745 | 0.4% | 14 |
| INVESCO EXCHANGE TRADED FD T | [PRF](https://holderbook.com/stocks/PRF/) | $878.2K | 16,136 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $842.7K | 1,202 | 0.3% | 22 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $835.7K | 8,042 | 0.3% | 15 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $825.9K | 1,740 | 0.3% | 15 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $810.8K | 1,000 | 0.3% | 15 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $802.9K | 2,571 | 0.3% | 16 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $792.2K | 5,770 | 0.3% | 28 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $787.0K | 10,035 | 0.3% | 11 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $786.0K | 24,088 | 0.3% | 28 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $761.2K | 3,989 | 0.3% | 25 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $747.4K | 11,978 | 0.3% | 28 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $745.2K | 1,641 | 0.3% | 7 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $713.4K | 3,210 | 0.3% | 26 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $697.1K | 1,038 | 0.3% | 28 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $689.8K | 3,270 | 0.3% | 2 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $689.3K | 9,023 | 0.3% | 28 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $674.8K | 710 | 0.3% | 8 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $659.5K | 977 | 0.3% | 9 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $656.4K | 3,555 | 0.3% | 28 |
| SUNOCO LP/SUNOCO FIN CORP | [SUN](https://holderbook.com/stocks/SUN/) | $655.8K | 9,000 | 0.3% | 21 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $645.2K | 3,880 | 0.3% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $641.6K | 18,123 | 0.3% | 9 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $641.0K | 695 | 0.3% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $638.2K | 3,068 | 0.3% | 3 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $635.9K | 7,421 | 0.3% | 28 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $624.0K | 2,052 | 0.2% | 16 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $614.5K | 1,347 | 0.2% | 4 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $607.5K | 1,540 | 0.2% | 28 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.6% | +14.8% | -6.2% | 100% |
| Q1 2026 | -2.5% | -4.6% | +2.1% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.2% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.8% | 100% |
| Q2 2025 | +4.7% | +10.5% | -5.8% | 100% |
| Q1 2025 | -0.6% | -4.6% | +4.0% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.2% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $253.0M | 183 |
| Q2 2026 | $256.3M | 190 |
| Q1 2026 | $232.0M | 176 |
| Q4 2025 | $239.8M | 172 |
| Q3 2025 | $242.2M | 174 |
| Q2 2025 | $216.7M | 160 |
| Q1 2025 | $209.7M | 162 |
| Q4 2024 | $194.3M | 157 |
| Q3 2024 | $194.6M | 156 |
| Q2 2024 | $145.1M | 141 |
| Q1 2024 | $171.6M | 143 |
| Q4 2023 | $155.1M | 134 |