# MIDDLETON & CO INC/MA

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 919497. Source: https://holderbook.com/funds/919497-middleton-co-inc-ma/

- Reported value: $941.9M
- Positions: 170
- Weight of the ten largest: 41.8%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $70.0M | 195,871 | 7.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $63.7M | 220,283 | 6.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $57.2M | 239,934 | 6.1% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $45.8M | 121,188 | 4.9% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $36.2M | 48,302 | 3.8% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $31.3M | 91,663 | 3.3% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $23.8M | 69,437 | 2.5% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $22.4M | 68,448 | 2.4% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.3M | 23,829 | 2.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.1M | 56,448 | 2.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $18.9M | 75,213 | 2.0% | 31 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $17.9M | 194,916 | 1.9% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $16.3M | 81,596 | 1.7% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $15.6M | 13,020 | 1.7% | 19 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $15.6M | 113,821 | 1.7% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $14.9M | 169,229 | 1.6% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $14.3M | 77,644 | 1.5% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.2M | 110,274 | 1.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $12.9M | 25,734 | 1.4% | 31 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $12.7M | 66,566 | 1.3% | 31 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $12.0M | 126,601 | 1.3% | 13 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $11.9M | 11,448 | 1.3% | 15 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $11.4M | 26,784 | 1.2% | 10 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $11.2M | 113,100 | 1.2% | 25 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $10.8M | 184,829 | 1.1% | 16 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $10.5M | 177,764 | 1.1% | 11 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $10.4M | 209,381 | 1.1% | 6 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $10.2M | 25,139 | 1.1% | 18 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $9.8M | 46,560 | 1.0% | 30 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $9.5M | 80,477 | 1.0% | 26 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $9.2M | 26,179 | 1.0% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $9.2M | 58,980 | 1.0% | 31 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $9.1M | 20,421 | 1.0% | 13 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $8.4M | 46,828 | 0.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.2M | 14,481 | 0.9% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $8.0M | 28,721 | 0.8% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $7.9M | 48,365 | 0.8% | 15 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $7.8M | 24,628 | 0.8% | 31 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $7.1M | 122,026 | 0.7% | 31 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $7.0M | 41,864 | 0.7% | 29 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $6.9M | 13,158 | 0.7% | 29 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $6.7M | 11,891 | 0.7% | 26 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $6.6M | 15,213 | 0.7% | 7 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $6.6M | 49,990 | 0.7% | 5 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $6.5M | 43,739 | 0.7% | 31 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $6.4M | 33,233 | 0.7% | 29 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $6.1M | 119,365 | 0.6% | 8 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $6.1M | 34,484 | 0.6% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $6.0M | 77,905 | 0.6% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $5.7M | 16,719 | 0.6% | 31 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $5.7M | 21,756 | 0.6% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.5M | 40,297 | 0.6% | 31 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $5.3M | 24,376 | 0.6% | 22 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $4.6M | 99,486 | 0.5% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $4.2M | 58,810 | 0.5% | 5 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $4.1M | 52,401 | 0.4% | 16 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $3.6M | 28,793 | 0.4% | 31 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $3.6M | 14,382 | 0.4% | 18 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.4M | 13,210 | 0.4% | 31 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $3.0M | 7,127 | 0.3% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.9M | 31,775 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.8M | 3,742 | 0.3% | 31 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $2.7M | 18,311 | 0.3% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $2.6M | 5,087 | 0.3% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $2.5M | 23,103 | 0.3% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.4M | 6,846 | 0.3% | 31 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $2.4M | 11,706 | 0.3% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.3M | 13,726 | 0.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $2.2M | 3 | 0.2% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.1M | 4,058 | 0.2% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.0M | 13,936 | 0.2% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $2.0M | 10,509 | 0.2% | 20 |
| ISHARES TR | [ISHG](https://holderbook.com/stocks/ISHG/) | $2.0M | 26,808 | 0.2% | 5 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $2.0M | 39,333 | 0.2% | 16 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $2.0M | 14,360 | 0.2% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.0M | 7,948 | 0.2% | 31 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.8M | 5,427 | 0.2% | 31 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.8M | 36,408 | 0.2% | 3 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $1.8M | 42,397 | 0.2% | 2 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $1.8M | 29,091 | 0.2% | 7 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $1.7M | 27,891 | 0.2% | 31 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $1.7M | 40,510 | 0.2% | 12 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $1.7M | 16,282 | 0.2% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.6M | 7,477 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.5M | 5,643 | 0.2% | 31 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $1.4M | 8,504 | 0.2% | 4 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $1.4M | 24,947 | 0.1% | 5 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.4M | 5,696 | 0.1% | 31 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.3M | 4,379 | 0.1% | 31 |
| XPO INC | [XPO](https://holderbook.com/stocks/XPO/) | $1.2M | 6,080 | 0.1% | 31 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.2M | 9,618 | 0.1% | 31 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $1.2M | 9,899 | 0.1% | 10 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $1.2M | 1,691 | 0.1% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $1.1M | 1,153 | 0.1% | 7 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.1M | 12,221 | 0.1% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.1M | 9,396 | 0.1% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.1M | 4,721 | 0.1% | 31 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $1.0M | 3,250 | 0.1% | 31 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.0M | 7,380 | 0.1% | 25 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $990.4K | 3,522 | 0.1% | 18 |

## 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 | +9.2% | +14.8% | -5.7% | 100% |
| Q1 2026 | -6.9% | -4.6% | -2.2% | 100% |
| Q4 2025 | +2.5% | +2.4% | +0.1% | 100% |
| Q3 2025 | +5.2% | +7.8% | -2.6% | 100% |
| Q2 2025 | +6.0% | +10.5% | -4.5% | 100% |
| Q1 2025 | -4.0% | -4.6% | +0.6% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.0% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $941.9M | 170 |
| Q1 2026 | $876.9M | 164 |
| Q4 2025 | $941.8M | 163 |
| Q3 2025 | $925.3M | 166 |
| Q2 2025 | $890.3M | 161 |
| Q1 2025 | $856.0M | 156 |
| Q4 2024 | $905.1M | 158 |
| Q3 2024 | $905.0M | 166 |
| Q2 2024 | $860.7M | 164 |
| Q1 2024 | $867.1M | 167 |
| Q4 2023 | $801.8M | 157 |
| Q3 2023 | $723.7M | 147 |