# HM PAYSON & CO

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 928052. Source: https://holderbook.com/funds/928052-hm-payson-co/

- Reported value: $7.5B
- Positions: 1,139
- Weight of the ten largest: 40.3%
- Filed: 2026-07-17

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $481.9M | 1,665,510 | 6.4% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $414.8M | 1,098,181 | 5.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $394.4M | 1,116,350 | 5.2% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $353.9M | 948,625 | 4.7% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $351.4M | 810,989 | 4.7% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $348.3M | 1,740,693 | 4.6% | 29 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $214.6M | 900,398 | 2.8% | 30 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $171.8M | 86,363 | 2.3% | 23 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $157.2M | 2,206,221 | 2.1% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $150.2M | 596,837 | 2.0% | 31 |
| ISHARES TR | [IBTH](https://holderbook.com/stocks/IBTH/) | $147.9M | 6,611,440 | 2.0% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $142.3M | 398,195 | 1.9% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $138.6M | 423,411 | 1.8% | 31 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $132.1M | 545,930 | 1.8% | 29 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $129.5M | 5,657,354 | 1.7% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $112.6M | 219,151 | 1.5% | 31 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $107.9M | 371,262 | 1.4% | 28 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $104.0M | 207,870 | 1.4% | 31 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $101.4M | 4,186,318 | 1.3% | 12 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $100.6M | 4,152,438 | 1.3% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $99.5M | 391,709 | 1.3% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $94.1M | 621,328 | 1.2% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $90.6M | 256,790 | 1.2% | 31 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $90.1M | 1,188,167 | 1.2% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $87.5M | 155,257 | 1.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $82.1M | 163,790 | 1.1% | 29 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $80.2M | 3,174,609 | 1.1% | 10 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $72.8M | 429,179 | 1.0% | 12 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $72.8M | 3,142,337 | 1.0% | 8 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $69.5M | 202,559 | 0.9% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $64.3M | 53,616 | 0.9% | 30 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $61.3M | 697,278 | 0.8% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $60.8M | 167,825 | 0.8% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $59.6M | 56,006 | 0.8% | 31 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $59.4M | 2,726,515 | 0.8% | 4 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $59.1M | 18,482 | 0.8% | 29 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $58.1M | 227,433 | 0.8% | 30 |
| ISHARES TR | [LDRC](https://holderbook.com/stocks/LDRC/) | $54.1M | 2,149,822 | 0.7% | 3 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $53.2M | 101,771 | 0.7% | 29 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $49.1M | 120,624 | 0.7% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $48.6M | 179,770 | 0.6% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $47.7M | 325,784 | 0.6% | 31 |
| ISHARES TR | [LDRT](https://holderbook.com/stocks/LDRT/) | $47.7M | 1,899,940 | 0.6% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $47.6M | 249,742 | 0.6% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $47.4M | 285,665 | 0.6% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $43.9M | 44,921 | 0.6% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $43.7M | 319,725 | 0.6% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $41.5M | 58,256 | 0.6% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $41.3M | 116,610 | 0.5% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $38.6M | 114,034 | 0.5% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $34.9M | 55,033 | 0.5% | 29 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $34.1M | 79,974 | 0.5% | 29 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $32.3M | 170,396 | 0.4% | 25 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $32.2M | 146,000 | 0.4% | 29 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $32.2M | 354,529 | 0.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $30.2M | 205,995 | 0.4% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $28.8M | 135,176 | 0.4% | 30 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $28.5M | 38 | 0.4% | 29 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $28.3M | 37,920 | 0.4% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $27.4M | 241,814 | 0.4% | 31 |
| ISHARES TR | [IBTI](https://holderbook.com/stocks/IBTI/) | $26.2M | 1,184,748 | 0.3% | 10 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $25.5M | 53,472 | 0.3% | 29 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $23.9M | 203,578 | 0.3% | 31 |
| ISHARES TR | [IBTK](https://holderbook.com/stocks/IBTK/) | $23.5M | 1,203,728 | 0.3% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $22.2M | 172,406 | 0.3% | 31 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $21.6M | 132,678 | 0.3% | 31 |
| ISHARES TR | [IBTJ](https://holderbook.com/stocks/IBTJ/) | $20.8M | 961,074 | 0.3% | 5 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $20.7M | 117,230 | 0.3% | 29 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $20.2M | 71,870 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $20.0M | 67,080 | 0.3% | 31 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $19.8M | 128,070 | 0.3% | 29 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $19.1M | 85,232 | 0.3% | 29 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $17.5M | 768,174 | 0.2% | 2 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $17.5M | 31,217 | 0.2% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $16.7M | 293,744 | 0.2% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $15.8M | 54,036 | 0.2% | 30 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $15.3M | 321,859 | 0.2% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $15.1M | 72,349 | 0.2% | 29 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $15.0M | 128,325 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $14.2M | 105,203 | 0.2% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $13.9M | 194,145 | 0.2% | 29 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $13.5M | 37,281 | 0.2% | 10 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $13.3M | 132,457 | 0.2% | 5 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $13.0M | 58,238 | 0.2% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $12.7M | 57,531 | 0.2% | 1 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $12.0M | 22,700 | 0.2% | 30 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $11.8M | 45,308 | 0.2% | 30 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $11.7M | 49,510 | 0.2% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $11.5M | 34,745 | 0.2% | 25 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $11.1M | 89,141 | 0.1% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.9M | 453,303 | 0.1% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $10.4M | 27,815 | 0.1% | 20 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $10.2M | 65,336 | 0.1% | 29 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $9.7M | 166,762 | 0.1% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $9.3M | 155,690 | 0.1% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $9.0M | 60,434 | 0.1% | 30 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.8M | 23,802 | 0.1% | 29 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $8.2M | 36,524 | 0.1% | 30 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $8.0M | 91,564 | 0.1% | 30 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $8.0M | 44,291 | 0.1% | 30 |

## 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 | +11.6% | +14.8% | -3.2% | 97% |
| Q1 2026 | -3.5% | -4.6% | +1.1% | 97% |
| Q4 2025 | +3.3% | +2.4% | +1.0% | 94% |
| Q3 2025 | +10.2% | +7.8% | +2.4% | 96% |
| Q2 2025 | +9.6% | +10.5% | -0.8% | 96% |
| Q1 2025 | -4.8% | -4.6% | -0.3% | 97% |
| Q4 2024 | +0.5% | +2.1% | -1.6% | 97% |
| Q3 2024 | +4.8% | +5.4% | -0.7% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $7.5B | 1,139 |
| Q1 2026 | $6.9B | 1,124 |
| Q4 2025 | $7.1B | 1,144 |
| Q3 2025 | $7.0B | 1,090 |
| Q2 2025 | $6.3B | 995 |
| Q1 2025 | $5.7B | 1,035 |
| Q4 2024 | $5.9B | 1,033 |
| Q3 2024 | $5.8B | 1,118 |
| Q2 2024 | $5.5B | 994 |
| Q1 2024 | $5.4B | 960 |
| Q4 2023 | $4.8B | 962 |
| Q3 2023 | $4.3B | 1,000 |