MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2023-05-08

SEC-registered investment adviser since 2015 · corporation

Assets managed$1.6bn
Staff24 · 15 in investment roles
Main clients (by assets)High net worth individuals 68%, Individuals 20%, Pension plans 7%
Private funds1 · $8.2m gross assets
Form ADV · 2026-09-14SEC adviser record

Kindwealth
Others nearbyBangor, ME, Greenville, SC, Greenwood, SC, Presque Isle, ME

As an employer

Offices in1 country
Private fundsother private 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Bangor, ME (main office)United States	United States	about 1
Greenville, SCUnited States	United States	6
Greenwood, SCUnited States	United States	5
Presque Isle, MEUnited States	United States	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$569.3m reported value +14.1% vs Q4 2022

192positions

46.4%in top 10

5 new 104 added 72 reduced 5 sold out vs Q4 2022

Holdings, Q1 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	431,436	$71.1m12.50%	12.50%	Reduced -8.1k	-8,063 -1.8%
2	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	184,675	$37.8m6.63%	6.63%	Reduced -1.2k	-1,181 -0.6%
3	MICROSOFT CORP COM MSFT	MSFT	107,344	$30.9m5.44%	5.44%	Reduced -434	-434 -0.4%
4	AMAZON COM INC COM AMZN	AMZN	244,252	$25.2m4.43%	4.43%	Added +4.1k	+4,071 1.7%
5	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	237,769	$24.0m4.22%	4.22%	Added +4.3k	+4,275 1.8%
6	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	54,986	$20.7m3.63%	3.63%	Added +15.9k	+15,902 40.7%
7	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	36,167	$16.6m2.91%	2.91%	Added +30.7k	+30,696 561.1%
8	ISHARES TR U.S. MED DVC ETF IHI	IHI	249,013	$13.4m2.36%	2.36%	Reduced -2.8k	-2,771 -1.1%
9	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	117,264	$12.4m2.17%	2.17%	Added +34.6k	+34,626 41.9%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	112,889	$11.7m2.06%	2.06%	Added +429	+429 0.4%
11	JPMORGAN CHASE & CO COM JPM	JPM	89,993	$11.7m2.06%	2.06%	Added +2.6k	+2,605 3.0%
12	CHEVRON CORP NEW COM CVX	CVX	67,981	$11.1m1.95%	1.95%	Reduced -1.3k	-1,314 -1.9%
13	ISHARES TR CORE S&P SCP ETF IJR	IJR	112,358	$10.9m1.91%	1.91%	Reduced -2.4k	-2,402 -2.1%
14	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	182,285	$9.7m1.71%	1.71%	Added +63.4k	+63,396 53.3%
15	META PLATFORMS INC CL A META	META	42,788	$9.1m1.59%	1.59%	Added +746	+746 1.8%
16	SALESFORCE INC COM CRM	CRM	36,854	$7.4m1.29%	1.29%	Added +348	+348 0.9%
17	SPDR SER TR S&P BIOTECH XBI	XBI	94,527	$7.2m1.27%	1.27%	Reduced -2.1k	-2,139 -2.2%
18	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,210	$7.2m1.26%	1.26%	Added +202	+202 0.9%
19	LAM RESEARCH CORP COM COM		13,236	$7.0m1.23%	1.23%	Added +26	+26 0.2%
20	VISA INC COM CL A V	V	26,794	$6.0m1.06%	1.06%	Added +44	+44 0.2%
21	DISNEY WALT CO COM DIS	DIS	52,942	$5.3m0.93%	0.93%	Reduced -51	-51 -0.1%
22	NIKE INC CL B NKE	NKE	42,582	$5.2m0.92%	0.92%	Reduced -359	-359 -0.8%
23	BANK AMERICA CORP COM BAC	BAC	180,617	$5.2m0.91%	0.91%	Added +631	+631 0.3%
24	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	125,924	$5.1m0.89%	0.89%	Reduced -3.9k	-3,884 -3.0%
25	JOHNSON & JOHNSON COM JNJ	JNJ	32,649	$5.1m0.89%	0.89%	Added +614	+614 1.9%
26	NORTHROP GRUMMAN CORP COM NOC	NOC	10,676	$4.9m0.87%	0.87%	Reduced -115	-115 -1.1%
27	ABBVIE INC COM ABBV	ABBV	29,576	$4.7m0.83%	0.83%	Added +98	+98 0.3%
28	PROCTER AND GAMBLE CO COM PG	PG	26,956	$4.0m0.70%	0.70%	Added +40	+40 0.1%
29	MCDONALDS CORP COM MCD	MCD	14,305	$4.0m0.70%	0.70%	Added +224	+224 1.6%
30	GOLDMAN SACHS GROUP INC COM GS	GS	12,185	$4.0m0.70%	0.70%	Reduced -19	-19 -0.2%
31	NVIDIA CORPORATION COM NVDA	NVDA	14,025	$3.9m0.68%	0.68%	Added +400	+400 2.9%
32	PHILIP MORRIS INTL INC COM PM	PM	38,999	$3.8m0.67%	0.67%	Reduced -185	-185 -0.5%
33	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	54,330	$3.8m0.66%	0.66%	Reduced -18	-18 -0.0%
34	MONDELEZ INTL INC CL A MDLZ	MDLZ	53,499	$3.7m0.66%	0.66%	Added +330	+330 0.6%
35	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	65,520	$3.6m0.63%	0.63%	Added +5.1k	+5,104 8.4%
36	ABBOTT LABS COM ABT	ABT	34,995	$3.5m0.62%	0.62%	Added +8	+8 0.0%
37	MERCK & CO INC COM MRK	MRK	33,135	$3.5m0.62%	0.62%	Reduced -315	-315 -0.9%
38	WALMART INC COM WMT	WMT	22,840	$3.4m0.59%	0.59%	Added +142	+142 0.6%
39	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	185,338	$3.3m0.59%	0.59%	Added +14.5k	+14,532 8.5%
40	ORACLE CORP COM ORCL	ORCL	35,226	$3.3m0.57%	0.57%	Reduced -200	-200 -0.6%
41	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	31,840	$3.3m0.57%	0.57%	Added +517	+517 1.6%
42	STARBUCKS CORP COM SBUX	SBUX	30,992	$3.2m0.57%	0.57%	Reduced -133	-133 -0.4%
43	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	34,018	$3.1m0.55%	0.55%	Reduced -3.5k	-3,482 -9.3%
44	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	49,836	$3.0m0.53%	0.53%	Added +12.5k	+12,479 33.4%
45	BLACKROCK INC COM BLK	BLK	4,029	$2.7m0.47%	0.47%	Added +32	+32 0.8%
46	EXXON MOBIL CORP COM XOM	XOM	24,190	$2.7m0.47%	0.47%	Reduced -1.2k	-1,170 -4.6%
47	UNITEDHEALTH GROUP INC COM UNH	UNH	5,297	$2.5m0.44%	0.44%	Added +8	+8 0.1%
48	ISHARES INC MSCI EMRG CHN EMXC	EMXC	46,435	$2.3m0.40%	0.40%	Added +10.8k	+10,772 30.2%
49	PEPSICO INC COM PEP	PEP	12,493	$2.3m0.40%	0.40%	Added +63	+63 0.5%
50	BLACKSTONE INC COM BX	BX	25,856	$2.3m0.40%	0.40%	Reduced -1.3k	-1,306 -4.8%
51	BERKLEY W R CORP COM WRB	WRB	35,168	$2.2m0.38%	0.38%	Added +1	+1 0.0%
52	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,319	$2.2m0.38%	0.38%	Added +7	+7 0.1%
53	EXCHANGE TRADED CONCEPTS TRU ROBO GLB ETF ROBO	ROBO	39,029	$2.1m0.38%	0.38%	Reduced -1.5k	-1,493 -3.7%
54	IDEXX LABS INC COM IDXX	IDXX	4,260	$2.1m0.37%	0.37%	Reduced -87	-87 -2.0%
55	CISCO SYS INC COM CSCO	CSCO	40,681	$2.1m0.37%	0.37%	Reduced -53	-53 -0.1%
56	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	15,997	$2.1m0.36%	0.36%	Added +1.5k	+1,509 10.4%
57	SPDR SER TR HLTH CR EQUIP XHE	XHE	21,681	$2.0m0.36%	0.36%	Reduced -244	-244 -1.1%
58	VERIZON COMMUNICATIONS INC COM VZ	VZ	50,616	$2.0m0.35%	0.35%	Added +3.3k	+3,285 6.9%
59	BAR HBR BANKSHARES COM BHB	BHB	74,364	$2.0m0.35%	0.35%	Added +45	+45 0.1%
60	CAMDEN NATL CORP COM CAC	CAC	51,735	$1.9m0.33%	0.33%	Added +1.1k	+1,106 2.2%
61	TJX COS INC NEW COM TJX	TJX	23,454	$1.8m0.32%	0.32%	Added +78	+78 0.3%
62	NEXTERA ENERGY INC COM NEE	NEE	23,163	$1.8m0.31%	0.31%	Reduced -34	-34 -0.1%
63	PFIZER INC COM PFE	PFE	43,096	$1.8m0.31%	0.31%	Reduced -957	-957 -2.2%
64	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	50,269	$1.7m0.30%	0.30%	Added +16.8k	+16,805 50.2%
65	ALTRIA GROUP INC COM MO	MO	37,776	$1.7m0.30%	0.30%	Reduced -1.1k	-1,106 -2.8%
66	WALGREENS BOOTS ALLIANCE INC COM WBA	WBA	48,682	$1.7m0.30%	0.30%	Added +38	+38 0.1%
67	ISHARES TR ISHARES BIOTECH IBB	IBB	12,337	$1.6m0.28%	0.28%	Added +549	+549 4.7%
68	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	16,044	$1.6m0.28%	0.28%	Reduced -540	-540 -3.3%
69	SNOWFLAKE INC CL A SNOW	SNOW	10,267	$1.6m0.28%	0.28%	Added +726	+726 7.6%
70	HOME DEPOT INC COM HD	HD	5,312	$1.6m0.28%	0.28%	Added +20	+20 0.4%
71	ALPHABET INC CAP STK CL A GOOGL	GOOGL	14,831	$1.5m0.27%	0.27%	Added +64	+64 0.4%
72	ISHARES TR CORE MSCI TOTAL IXUS	IXUS	24,223	$1.5m0.26%	0.26%	Reduced -244	-244 -1.0%
73	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	5,620	$1.5m0.26%	0.26%	Added +2.8k	+2,820 100.7%
74	NUCOR CORP COM NUE	NUE	9,435	$1.5m0.26%	0.26%	Added +1	+1 0.0%
75	RTX CORPORATION COM RTX	RTX	14,809	$1.5m0.25%	0.25%	Added +93	+93 0.6%
76	BOEING CO COM BA	BA	6,759	$1.4m0.25%	0.25%	Added +286	+286 4.4%
77	SCHWAB CHARLES CORP COM SCHW	SCHW	27,131	$1.4m0.25%	0.25%	New
78	TESLA INC COM TSLA	TSLA	6,768	$1.4m0.25%	0.25%	Added +195	+195 3.0%
79	STAG INDL INC COM STAG	STAG	41,366	$1.4m0.25%	0.25%	Reduced -211	-211 -0.5%
80	ISHARES TR CORE US AGGBD ET AGG	AGG	13,101	$1.3m0.23%	0.23%	Added +1.1k	+1,125 9.4%
81	SERVICENOW INC COM NOW	NOW	2,808	$1.3m0.23%	0.23%	Added +45	+45 1.6%
82	PRUDENTIAL FINL INC COM PRU	PRU	15,760	$1.3m0.23%	0.23%	Reduced -501	-501 -3.1%
83	ARK ETF TR GENOMIC REV ETF ARKG	ARKG	43,248	$1.3m0.23%	0.23%	Reduced -932	-932 -2.1%
84	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	50,052	$1.3m0.23%	0.23%	Reduced -5.4k	-5,388 -9.7%
85	SOUTHERN CO COM SO	SO	18,362	$1.3m0.22%	0.22%	Added +410	+410 2.3%
86	ELI LILLY & CO COM LLY	LLY	3,547	$1.2m0.21%	0.21%	Reduced -213	-213 -5.7%
87	COCA COLA CO COM KO	KO	19,610	$1.2m0.21%	0.21%	Reduced -94	-94 -0.5%
88	DEERE & CO COM DE	DE	2,772	$1.1m0.20%	0.20%	Added +114	+114 4.3%
89	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	7,691	$1.1m0.20%	0.20%	Reduced -732	-732 -8.7%
90	ISHARES TR RUSEL 2500 ETF SMMD	SMMD	20,631	$1.1m0.20%	0.20%	Added +15	+15 0.1%
91	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,404	$1.1m0.19%	0.19%	Reduced -175	-175 -2.0%
92	ADOBE INC COM ADBE	ADBE	2,784	$1.1m0.19%	0.19%	Added +32	+32 1.2%
93	MEDTRONIC PLC SHS MDT	MDT	12,721	$1.0m0.18%	0.18%	Added +793	+793 6.7%
94	LOWES COS INC COM LOW	LOW	4,615	$922.8k0.16%	0.16%	Reduced -293	-293 -6.0%
95	FIRST TR EXCH TRADED FD III MANAGD MUN ETF FMB	FMB	18,010	$917.4k0.16%	0.16%	Reduced -3.4k	-3,351 -15.7%
96	LOCKHEED MARTIN CORP COM LMT	LMT	1,835	$867.5k0.15%	0.15%	Reduced -28	-28 -1.5%
97	WISDOMTREE TR US SMALLCAP FUND EES	EES	19,581	$846.3k0.15%	0.15%	Added +36	+36 0.2%
98	METLIFE INC COM MET	MET	13,114	$759.8k0.13%	0.13%	Added +46	+46 0.3%
99	ISHARES TR CORE S&P500 ETF IVV	IVV	1,825	$750.3k0.13%	0.13%	Added +158	+158 9.5%
100	NOVARTIS AG SPONSORED ADR NVS	NVS	8,060	$741.5k0.13%	0.13%	Reduced -139	-139 -1.7%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
ETF MANAGERS TR		60,566	$2.4m60.6k shares
SPDR SER TR KRE	KRE	22,999	$1.4m23.0k shares
INTEL CORP INTC	INTC	32,043	$846.9k32.0k shares
3M CO MMM	MMM	1,862	$223.3k1.9k shares
L3HARRIS TECHNOLOGIES INC LHX	LHX	1,001	$208.3k1.0k shares