# Pennsylvania Trust Co

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1560808. Source: https://holderbook.com/funds/1560808-pennsylvania-trust-co/

- Reported value: $2.1B
- Positions: 351
- Weight of the ten largest: 24.0%
- Filed: 2020-04-27

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/) | $80.4M | 509,716 | 3.8% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $75.5M | 296,855 | 3.5% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $55.1M | 213,371 | 2.6% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $53.7M | 409,496 | 2.5% | 6 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $49.7M | 228,020 | 2.3% | 6 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $44.7M | 185,825 | 2.1% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $40.5M | 251,458 | 1.9% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $38.3M | 205,302 | 1.8% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $38.3M | 497,603 | 1.8% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $37.8M | 314,844 | 1.8% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $37.5M | 416,488 | 1.8% | 6 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $37.3M | 1,085,388 | 1.7% | 6 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $37.2M | 862,547 | 1.7% | 1 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $33.1M | 103,881 | 1.5% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $32.8M | 298,226 | 1.5% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $30.1M | 382,043 | 1.4% | 6 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $29.1M | 772,690 | 1.4% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $27.6M | 114,050 | 1.3% | 6 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $25.7M | 182,367 | 1.2% | 6 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $24.5M | 490,793 | 1.1% | 1 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $22.5M | 217,169 | 1.0% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $22.3M | 566,818 | 1.0% | 6 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $21.7M | 402,236 | 1.0% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $21.7M | 224,677 | 1.0% | 6 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $21.5M | 131,723 | 1.0% | 6 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $21.2M | 183,889 | 1.0% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $20.6M | 150,478 | 1.0% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $20.2M | 375,221 | 0.9% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.9M | 10,222 | 0.9% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $19.7M | 16,954 | 0.9% | 6 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $19.7M | 363,880 | 0.9% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $18.9M | 66,711 | 0.9% | 6 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $18.4M | 92,291 | 0.9% | 6 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $18.3M | 159,598 | 0.9% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $18.2M | 479,808 | 0.9% | 6 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $17.7M | 542,144 | 0.8% | 6 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $17.5M | 216,226 | 0.8% | 1 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $16.9M | 181,103 | 0.8% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $15.8M | 55,508 | 0.7% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $15.4M | 93,205 | 0.7% | 6 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $15.4M | 212,138 | 0.7% | 6 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $15.4M | 273,730 | 0.7% | 1 |
| SCHWAB STRATEGIC TR | [SCHR](https://holderbook.com/stocks/SCHR/) | $15.3M | 261,137 | 0.7% | 1 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $15.0M | 50,512 | 0.7% | 6 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $14.9M | 111,516 | 0.7% | 6 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $14.6M | 153,945 | 0.7% | 6 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $14.5M | 95,710 | 0.7% | 6 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $14.1M | 97,739 | 0.7% | 1 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $13.5M | 241,451 | 0.6% | 6 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $13.5M | 66,375 | 0.6% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $13.0M | 170,788 | 0.6% | 6 |
| AON PLC | [AONXXXX](https://holderbook.com/stocks/AONXXXX/) | $12.9M | 78,405 | 0.6% | 6 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $12.9M | 139,304 | 0.6% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $11.9M | 64,904 | 0.6% | 4 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $11.7M | 99,116 | 0.5% | 1 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $11.6M | 121,739 | 0.5% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $11.2M | 41 | 0.5% | 6 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $11.1M | 322,387 | 0.5% | 6 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $10.6M | 77,756 | 0.5% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $10.6M | 9,095 | 0.5% | 1 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $10.5M | 82,515 | 0.5% | 6 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $10.0M | 75,680 | 0.5% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $10.0M | 60,102 | 0.5% | 6 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $10.0M | 63,389 | 0.5% | 6 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $9.7M | 134,409 | 0.5% | 6 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $9.4M | 118,333 | 0.4% | 4 |
| UNITED TECHNOLOGIES CORP | [UTX](https://holderbook.com/stocks/UTX/) | $9.1M | 96,602 | 0.4% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $9.0M | 180,814 | 0.4% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $8.5M | 292,663 | 0.4% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $8.1M | 94,122 | 0.4% | 6 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $8.1M | 176,568 | 0.4% | 6 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $8.0M | 56,498 | 0.4% | 1 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $8.0M | 125,095 | 0.4% | 6 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $8.0M | 134,028 | 0.4% | 6 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $7.9M | 82,255 | 0.4% | 6 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $7.7M | 36,379 | 0.4% | 6 |
| STANLEY BLACK & DECKER INC | [SWK](https://holderbook.com/stocks/SWK/) | $7.6M | 76,464 | 0.4% | 6 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $7.4M | 61,047 | 0.3% | 6 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $7.4M | 240,694 | 0.3% | 1 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $7.3M | 61,575 | 0.3% | 1 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $7.2M | 16,348 | 0.3% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.1M | 29,925 | 0.3% | 6 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $7.0M | 29,260 | 0.3% | 6 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $6.9M | 76,891 | 0.3% | 6 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $6.9M | 85,115 | 0.3% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $6.8M | 61,712 | 0.3% | 6 |
| ATRION CORP | [ATRI](https://holderbook.com/stocks/ATRI/) | $6.7M | 10,373 | 0.3% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.7M | 26,736 | 0.3% | 6 |
| V F CORP | [VFC](https://holderbook.com/stocks/VFC/) | $6.7M | 123,000 | 0.3% | 6 |
| RAYTHEON CO | [RTN](https://holderbook.com/stocks/RTN/) | $6.6M | 50,295 | 0.3% | 6 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.5M | 135,456 | 0.3% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $6.3M | 24,279 | 0.3% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.1M | 23,300 | 0.3% | 6 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $6.1M | 26,438 | 0.3% | 6 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $6.0M | 46,701 | 0.3% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $5.8M | 130,644 | 0.3% | 6 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $5.7M | 34,760 | 0.3% | 1 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $5.7M | 19,749 | 0.3% | 6 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $5.7M | 48,045 | 0.3% | 6 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $5.6M | 31,271 | 0.3% | 2 |

## 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 |
|---|---|---|---|---|
| Q1 2020 | -19.8% | -19.9% | +0.2% | 96% |
| Q4 2019 | +7.0% | +8.5% | -1.4% | 100% |
| Q3 2019 | +1.6% | +1.3% | +0.3% | 100% |
| Q2 2019 | +3.4% | +3.7% | -0.3% | 100% |
| Q1 2019 | +12.0% | +13.0% | -1.1% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $2.1B | 351 |
| Q4 2019 | $2.7B | 321 |
| Q3 2019 | $2.5B | 374 |
| Q2 2019 | $2.4B | 368 |
| Q1 2019 | $2.3B | 319 |
| Q4 2018 | $2.0B | 310 |