# Passumpsic Savings Bank

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 2023170. Source: https://holderbook.com/funds/2023170-passumpsic-savings-bank/

- Reported value: $182.7M
- Positions: 90
- Weight of the ten largest: 37.1%
- Filed: 2026-02-05

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 |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $12.5M | 149,128 | 6.8% | 5 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $10.2M | 133,951 | 5.6% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $7.7M | 24,990 | 4.2% | 5 |
| SPDR SERIES TRUST | [SPLB](https://holderbook.com/stocks/SPLB/) | $7.4M | 325,655 | 4.0% | 5 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $6.6M | 21,585 | 3.6% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.1M | 27,307 | 2.8% | 5 |
| ISHARES TR | [IWY](https://holderbook.com/stocks/IWY/) | $5.1M | 18,263 | 2.8% | 5 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $4.6M | 39,706 | 2.5% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $4.5M | 34,695 | 2.5% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.3M | 12,531 | 2.4% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.3M | 18,567 | 2.3% | 5 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $4.2M | 31,109 | 2.3% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $3.5M | 645 | 1.9% | 5 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $3.4M | 3,833 | 1.8% | 5 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $3.3M | 6,536 | 1.8% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.3M | 21,621 | 1.8% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.3M | 5,067 | 1.8% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $3.2M | 38,906 | 1.7% | 1 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $3.1M | 32,941 | 1.7% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $3.1M | 18,237 | 1.7% | 1 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $3.1M | 26,746 | 1.7% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.1M | 9,631 | 1.7% | 5 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.1M | 8,755 | 1.7% | 5 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.9M | 5,019 | 1.6% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.9M | 25,111 | 1.6% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.9M | 4,319 | 1.6% | 5 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.8M | 37,233 | 1.5% | 5 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.7M | 9,352 | 1.5% | 1 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $2.7M | 12,989 | 1.5% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.6M | 2,448 | 1.4% | 5 |
| INTERDIGITAL INC | [IDCC](https://holderbook.com/stocks/IDCC/) | $2.4M | 7,520 | 1.3% | 1 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $2.2M | 6,527 | 1.2% | 5 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $2.2M | 8,952 | 1.2% | 1 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $2.1M | 15,540 | 1.2% | 5 |
| CBOE GLOBAL MKTS INC | [CBOE](https://holderbook.com/stocks/CBOE/) | $2.0M | 8,146 | 1.1% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $2.0M | 31,269 | 1.1% | 1 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $2.0M | 14,289 | 1.1% | 5 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $1.8M | 13,034 | 1.0% | 5 |
| UBIQUITI INC | [UI](https://holderbook.com/stocks/UI/) | $1.8M | 3,258 | 1.0% | 1 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $1.7M | 2,821 | 0.9% | 1 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $1.7M | 60,011 | 0.9% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.6M | 5,201 | 0.9% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.6M | 3,241 | 0.9% | 5 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $1.5M | 5,439 | 0.8% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3M | 2,804 | 0.7% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.2M | 4,577 | 0.7% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.1M | 5,055 | 0.6% | 5 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $971.9K | 3,217 | 0.5% | 5 |
| ISHARES TR | [IGLB](https://holderbook.com/stocks/IGLB/) | $967.0K | 19,168 | 0.5% | 3 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $804.8K | 10,056 | 0.4% | 5 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $799.7K | 4,995 | 0.4% | 5 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $787.5K | 6,976 | 0.4% | 5 |
| INVESCO EXCH TRADED FD TR II | [PZT](https://holderbook.com/stocks/PZT/) | $767.6K | 34,402 | 0.4% | 5 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $749.8K | 7,960 | 0.4% | 5 |
| NORTHWESTERN ENERGY GROUP IN | [NWE](https://holderbook.com/stocks/NWE/) | $719.8K | 11,153 | 0.4% | 3 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $698.0K | 5,955 | 0.4% | 4 |
| BANK MONTREAL MEDIUM | [BMO](https://holderbook.com/stocks/BMO/) | $689.7K | 5,314 | 0.4% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $667.1K | 2,252 | 0.4% | 5 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $652.9K | 3,083 | 0.4% | 5 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $642.1K | 3,620 | 0.4% | 5 |
| MAIN STR CAP CORP | [MAIN](https://holderbook.com/stocks/MAIN/) | $641.3K | 10,620 | 0.4% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $618.2K | 24,827 | 0.3% | 5 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $608.1K | 11,139 | 0.3% | 5 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $590.1K | 8,028 | 0.3% | 2 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $587.4K | 12,281 | 0.3% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $530.9K | 21,371 | 0.3% | 5 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $517.2K | 8,828 | 0.3% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $514.2K | 4,273 | 0.3% | 5 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $485.8K | 3,765 | 0.3% | 5 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $450.2K | 7,458 | 0.2% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $448.6K | 5,588 | 0.2% | 1 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $403.4K | 16,635 | 0.2% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $389.1K | 1,880 | 0.2% | 3 |
| FEDERATED HERMES INC | [FHI](https://holderbook.com/stocks/FHI/) | $377.4K | 7,248 | 0.2% | 3 |
| GENUINE PARTS CO | [GPC](https://holderbook.com/stocks/GPC/) | $324.6K | 2,640 | 0.2% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $314.5K | 4,083 | 0.2% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $299.3K | 7,348 | 0.2% | 1 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $280.2K | 5,195 | 0.2% | 1 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $276.0K | 3,749 | 0.2% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $274.6K | 875 | 0.2% | 1 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $273.4K | 11,790 | 0.1% | 5 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $260.1K | 121 | 0.1% | 1 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $254.4K | 4,140 | 0.1% | 1 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $252.9K | 5,802 | 0.1% | 1 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $244.5K | 17,050 | 0.1% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $237.6K | 1,559 | 0.1% | 1 |
| OMNICOM GROUP INC | [OMC](https://holderbook.com/stocks/OMC/) | $228.8K | 2,834 | 0.1% | 1 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $228.0K | 2,260 | 0.1% | 1 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $220.7K | 450 | 0.1% | 3 |
| GREAT LAKES DREDGE & DOCK CO | [GLDD](https://holderbook.com/stocks/GLDD/) | $157.4K | 12,000 | 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 |
|---|---|---|---|---|
| Q1 2025 | -3.8% | -4.6% | +0.7% | 100% |
| Q4 2024 | +2.8% | +2.1% | +0.7% | 100% |
| Q3 2024 | +7.1% | +5.4% | +1.7% | 100% |
| Q2 2024 | -1.8% | +4.0% | -5.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $182.7M | 90 |
| Q4 2024 | $160.3M | 80 |
| Q3 2024 | $152.4M | 82 |
| Q2 2024 | $139.5M | 76 |
| Q1 2024 | $156.5M | 96 |