# PENOBSCOT WEALTH MANAGEMENT

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1875768. Source: https://holderbook.com/funds/1875768-penobscot-wealth-management/

- Reported value: $373.9M
- Positions: 117
- Weight of the ten largest: 65.4%
- Filed: 2026-07-16

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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $69.0M | 784,975 | 18.5% | 21 |
| DIMENSIONAL ETF TRUST | [DFGP](https://holderbook.com/stocks/DFGP/) | $45.8M | 841,792 | 12.3% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $45.0M | 631,743 | 12.0% | 21 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $20.4M | 402,313 | 5.4% | 18 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $14.1M | 236,983 | 3.8% | 21 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $13.2M | 110,659 | 3.5% | 21 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $10.5M | 106,960 | 2.8% | 4 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $10.4M | 101,813 | 2.8% | 6 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $9.5M | 254,075 | 2.5% | 11 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $6.6M | 164,441 | 1.8% | 12 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $6.4M | 48,290 | 1.7% | 21 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $6.0M | 75,295 | 1.6% | 6 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.2M | 7,629 | 1.4% | 18 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $4.6M | 76,397 | 1.2% | 18 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $4.2M | 41,177 | 1.1% | 18 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $4.2M | 22,917 | 1.1% | 18 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $4.2M | 14,093 | 1.1% | 20 |
| FIDELITY COVINGTON TRUST | [FIDU](https://holderbook.com/stocks/FIDU/) | $3.9M | 39,321 | 1.0% | 10 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $3.7M | 125,787 | 1.0% | 7 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $3.4M | 35,249 | 0.9% | 17 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $3.1M | 33,729 | 0.8% | 10 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $2.9M | 43,973 | 0.8% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.8M | 9,595 | 0.7% | 21 |
| FIDELITY COVINGTON TRUST | [FESM](https://holderbook.com/stocks/FESM/) | $2.7M | 55,570 | 0.7% | 2 |
| ISHARES TR | [IEUR](https://holderbook.com/stocks/IEUR/) | $2.6M | 35,145 | 0.7% | 20 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $2.5M | 122,247 | 0.7% | 21 |
| SPDR SERIES TRUST | [KOMP](https://holderbook.com/stocks/KOMP/) | $2.3M | 31,861 | 0.6% | 17 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.9M | 10,159 | 0.5% | 18 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $1.9M | 23,981 | 0.5% | 1 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $1.9M | 14,121 | 0.5% | 6 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $1.9M | 16,518 | 0.5% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.8M | 18,696 | 0.5% | 21 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $1.8M | 24,153 | 0.5% | 18 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $1.7M | 16,485 | 0.5% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.6M | 8,068 | 0.4% | 10 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.6M | 9,638 | 0.4% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.5M | 4,983 | 0.4% | 9 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $1.3M | 26,713 | 0.4% | 8 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.3M | 12,156 | 0.4% | 2 |
| FIDELITY COVINGTON TRUST | [FENY](https://holderbook.com/stocks/FENY/) | $1.3M | 45,112 | 0.4% | 2 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.3M | 24,744 | 0.4% | 17 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $1.3M | 13,670 | 0.4% | 5 |
| VANECK ETF TRUST | [REMX](https://holderbook.com/stocks/REMX/) | $1.3M | 14,678 | 0.3% | 2 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.3M | 14,272 | 0.3% | 21 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $1.3M | 24,293 | 0.3% | 17 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $1.2M | 4,860 | 0.3% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.2M | 3,256 | 0.3% | 21 |
| VANECK ETF TRUST | [NLR](https://holderbook.com/stocks/NLR/) | $1.2M | 10,405 | 0.3% | 2 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $1.2M | 2,193 | 0.3% | 21 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.1M | 25,199 | 0.3% | 18 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $1.1M | 2,707 | 0.3% | 10 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $1.1M | 4,692 | 0.3% | 6 |
| FIDELITY COVINGTON TRUST | [FMAT](https://holderbook.com/stocks/FMAT/) | $1.0M | 17,557 | 0.3% | 6 |
| INVESCO EXCHANGE TRADED FD T | [RPG](https://holderbook.com/stocks/RPG/) | $949.5K | 14,871 | 0.3% | 21 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $934.9K | 12,735 | 0.3% | 21 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $892.8K | 18,434 | 0.2% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $872.5K | 4,003 | 0.2% | 5 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $840.5K | 14,575 | 0.2% | 21 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $724.7K | 681 | 0.2% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $715.2K | 5,566 | 0.2% | 12 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $681.2K | 2,247 | 0.2% | 21 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $658.4K | 3,094 | 0.2% | 13 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $657.1K | 2,757 | 0.2% | 21 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $645.7K | 11,807 | 0.2% | 5 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $645.0K | 4,065 | 0.2% | 11 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $619.6K | 5,783 | 0.2% | 6 |
| NUSHARES ETF TR | [NULV](https://holderbook.com/stocks/NULV/) | $588.0K | 11,763 | 0.2% | 6 |
| ISHARES TR | [USXF](https://holderbook.com/stocks/USXF/) | $580.2K | 8,355 | 0.2% | 4 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $549.6K | 4,021 | 0.1% | 4 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $534.2K | 6,519 | 0.1% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $521.9K | 1,256 | 0.1% | 21 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $521.5K | 452 | 0.1% | 1 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $519.1K | 6,266 | 0.1% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $499.0K | 5,793 | 0.1% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $492.0K | 1,377 | 0.1% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $464.5K | 1,261 | 0.1% | 17 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $461.6K | 3,112 | 0.1% | 21 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $449.2K | 9,959 | 0.1% | 6 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $420.8K | 2,308 | 0.1% | 21 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $404.6K | 2,898 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $380.2K | 1,565 | 0.1% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $373.1K | 3,005 | 0.1% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $367.4K | 1,122 | 0.1% | 10 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $358.9K | 560 | 0.1% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $357.5K | 1,012 | 0.1% | 4 |
| VANECK ETF TRUST | [SHYD](https://holderbook.com/stocks/SHYD/) | $344.6K | 15,047 | 0.1% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $343.7K | 2,931 | 0.1% | 14 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $339.4K | 2,314 | 0.1% | 12 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $333.2K | 4,136 | 0.1% | 21 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $330.5K | 776 | 0.1% | 21 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $328.8K | 11,223 | 0.1% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $312.8K | 837 | 0.1% | 5 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $311.7K | 3,646 | 0.1% | 11 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $309.1K | 1,310 | 0.1% | 5 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $302.3K | 5,977 | 0.1% | 13 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $301.2K | 4,843 | 0.1% | 18 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $287.1K | 8,247 | 0.1% | 5 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $277.5K | 700 | 0.1% | 4 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $267.8K | 3,546 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $265.9K | 1,047 | 0.1% | 3 |

## 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 | +9.8% | +14.8% | -5.0% | 100% |
| Q1 2026 | -1.6% | -4.6% | +3.0% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +6.2% | +7.8% | -1.6% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.6% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.5% | 100% |
| Q4 2024 | -2.9% | +2.1% | -5.0% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.7% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $373.9M | 117 |
| Q1 2026 | $338.4M | 107 |
| Q4 2025 | $323.5M | 105 |
| Q3 2025 | $311.6M | 103 |
| Q2 2025 | $279.3M | 97 |
| Q1 2025 | $237.8M | 91 |
| Q4 2024 | $217.0M | 74 |
| Q3 2024 | $185.2M | 76 |
| Q2 2024 | $168.0M | 73 |
| Q1 2024 | $158.3M | 75 |
| Q4 2023 | $148.2M | 71 |
| Q3 2023 | $132.0M | 65 |