# Massachusetts Wealth Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1966011. Source: https://holderbook.com/funds/1966011-massachusetts-wealth-management/

- Reported value: $262.5M
- Positions: 98
- Weight of the ten largest: 31.1%
- Filed: 2026-08-03

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 |
|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $14.0M | 277,545 | 5.3% | 4 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $11.3M | 59,455 | 4.3% | 15 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $9.3M | 8,028 | 3.5% | 8 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $7.3M | 39,169 | 2.8% | 15 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $7.2M | 6,115 | 2.7% | 9 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $7.2M | 51,265 | 2.7% | 15 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.7M | 20,405 | 2.5% | 15 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $6.5M | 6,141 | 2.5% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.2M | 21,423 | 2.4% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.1M | 44,349 | 2.3% | 15 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $6.0M | 23,465 | 2.3% | 15 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $5.7M | 106,162 | 2.2% | 15 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $5.5M | 14,840 | 2.1% | 15 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $5.0M | 62,951 | 1.9% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.7M | 28,354 | 1.8% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.5M | 17,850 | 1.7% | 15 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $4.5M | 42,880 | 1.7% | 15 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $4.3M | 75,790 | 1.6% | 5 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $4.2M | 89,911 | 1.6% | 15 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $4.2M | 78,541 | 1.6% | 15 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.9M | 24,809 | 1.5% | 12 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $3.8M | 19,172 | 1.5% | 15 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $3.7M | 21,550 | 1.4% | 15 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.6M | 9,749 | 1.4% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $3.6M | 3,000 | 1.4% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.5M | 30,853 | 1.3% | 15 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $3.5M | 4,875 | 1.3% | 15 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.3M | 4,492 | 1.3% | 5 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $3.3M | 52,500 | 1.3% | 15 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.2M | 5,116 | 1.2% | 15 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.0M | 23,717 | 1.2% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.0M | 8,446 | 1.1% | 12 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.9M | 36,063 | 1.1% | 15 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $2.9M | 5,935 | 1.1% | 15 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $2.8M | 19,800 | 1.1% | 15 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $2.7M | 33,065 | 1.0% | 15 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.7M | 110,815 | 1.0% | 15 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $2.6M | 31,579 | 1.0% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.6M | 5,202 | 1.0% | 5 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.5M | 15,473 | 1.0% | 15 |
| KONTOOR BRANDS INC | [KTB](https://holderbook.com/stocks/KTB/) | $2.4M | 28,960 | 0.9% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.4M | 2,560 | 0.9% | 15 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.3M | 9,325 | 0.9% | 15 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $2.3M | 6,347 | 0.9% | 5 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $2.3M | 27,666 | 0.9% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.3M | 9,510 | 0.9% | 5 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.1M | 7,948 | 0.8% | 15 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $2.1M | 27,442 | 0.8% | 12 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.9M | 6,175 | 0.7% | 15 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $1.9M | 8,008 | 0.7% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.9M | 14,205 | 0.7% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.9M | 5,430 | 0.7% | 15 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.9M | 39,285 | 0.7% | 15 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.8M | 6,643 | 0.7% | 15 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $1.7M | 23,110 | 0.6% | 12 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.6M | 11,160 | 0.6% | 15 |
| INVESCO EXCHANGE TRADED FD T | [PBE](https://holderbook.com/stocks/PBE/) | $1.6M | 17,784 | 0.6% | 15 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $1.6M | 28,650 | 0.6% | 15 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.5M | 2,056 | 0.6% | 15 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.5M | 8,075 | 0.6% | 5 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $1.5M | 5,180 | 0.6% | 15 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.5M | 2,666 | 0.6% | 11 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.5M | 6,835 | 0.6% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.5M | 5,248 | 0.6% | 8 |
| ISHARES TR | [IHE](https://holderbook.com/stocks/IHE/) | $1.4M | 14,625 | 0.6% | 15 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $1.4M | 42,075 | 0.5% | 15 |
| ISHARES TR | [IYT](https://holderbook.com/stocks/IYT/) | $1.3M | 15,270 | 0.5% | 15 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.3M | 3,690 | 0.5% | 15 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.2M | 13,478 | 0.5% | 15 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $1.2M | 5,427 | 0.4% | 9 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $1.1M | 6,295 | 0.4% | 15 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $1.0M | 21,080 | 0.4% | 15 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $939.9K | 14,684 | 0.4% | 15 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $845.6K | 4,446 | 0.3% | 7 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $825.3K | 10,876 | 0.3% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $804.6K | 1,913 | 0.3% | 15 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $771.1K | 4,173 | 0.3% | 8 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $731.7K | 21,025 | 0.3% | 15 |
| SOUTHWEST GAS HLDGS INC | [SWX](https://holderbook.com/stocks/SWX/) | $730.3K | 8,235 | 0.3% | 15 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $697.9K | 3,230 | 0.3% | 15 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $694.8K | 4,976 | 0.3% | 2 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $638.6K | 4,140 | 0.2% | 2 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $549.5K | 10,810 | 0.2% | 15 |
| AMPLIFY ETF TR | [HACK](https://holderbook.com/stocks/HACK/) | $532.0K | 5,070 | 0.2% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $465.2K | 460 | 0.2% | 6 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $447.6K | 8,767 | 0.2% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $444.2K | 2,125 | 0.2% | 7 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $442.3K | 5,450 | 0.2% | 15 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $413.0K | 545 | 0.2% | 5 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $411.7K | 1,090 | 0.2% | 5 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $403.9K | 1,290 | 0.2% | 15 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $363.6K | 732 | 0.1% | 6 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $292.6K | 2,410 | 0.1% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $274.1K | 799 | 0.1% | 10 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $265.5K | 1,400 | 0.1% | 2 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $213.4K | 1,519 | 0.1% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $212.5K | 1,450 | 0.1% | 9 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $210.4K | 1,075 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2026 | +12.4% | +14.8% | -2.5% | 100% |
| Q1 2026 | +2.8% | -4.6% | +7.4% | 100% |
| Q4 2025 | +3.7% | +2.4% | +1.4% | 100% |
| Q3 2025 | +7.8% | +7.8% | -0.0% | 100% |
| Q2 2025 | +7.0% | +10.5% | -3.4% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.9% | 100% |
| Q4 2024 | -1.5% | +2.1% | -3.7% | 100% |
| Q3 2024 | +5.7% | +5.4% | +0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $262.5M | 98 |
| Q1 2026 | $230.7M | 98 |
| Q4 2025 | $214.9M | 93 |
| Q3 2025 | $201.5M | 96 |
| Q2 2025 | $177.3M | 94 |
| Q1 2025 | $145.8M | 83 |
| Q4 2024 | $162.0M | 90 |
| Q3 2024 | $158.6M | 88 |
| Q2 2024 | $149.0M | 93 |
| Q1 2024 | $141.9M | 91 |
| Q4 2023 | $123.9M | 88 |
| Q3 2023 | $108.9M | 85 |