MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2023-07-31

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

$631.9m reported value +11.0% vs Q1 2023

196positions

48.9%in top 10

8 new 89 added 84 reduced 4 sold out vs Q1 2023

Holdings, Q2 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	425,726	$82.6m13.07%	13.07%	Reduced -5.7k	-5,710 -1.3%
2	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	193,038	$45.4m7.19%	7.19%	Added +8.4k	+8,363 4.5%
3	MICROSOFT CORP COM MSFT	MSFT	106,360	$36.2m5.73%	5.73%	Reduced -984	-984 -0.9%
4	AMAZON COM INC COM AMZN	AMZN	243,494	$31.7m5.02%	5.02%	Reduced -758	-758 -0.3%
5	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	69,331	$28.2m4.47%	4.47%	Added +14.3k	+14,345 26.1%
6	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	262,233	$27.2m4.31%	4.31%	Added +24.5k	+24,464 10.3%
7	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	34,583	$16.6m2.62%	2.62%	Reduced -1.6k	-1,584 -4.4%
8	ISHARES TR U.S. MED DVC ETF IHI	IHI	246,167	$13.9m2.20%	2.20%	Reduced -2.8k	-2,846 -1.1%
9	ALPHABET INC CAP STK CL C GOOG	GOOG	113,494	$13.7m2.17%	2.17%	Added +605	+605 0.5%
10	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	244,171	$13.3m2.10%	2.10%	Added +61.9k	+61,886 34.0%
11	JPMORGAN CHASE & CO COM JPM	JPM	89,718	$13.0m2.07%	2.07%	Reduced -275	-275 -0.3%
12	META PLATFORMS INC CL A META	META	43,163	$12.4m1.96%	1.96%	Added +375	+375 0.9%
13	ISHARES TR CORE S&P SCP ETF IJR	IJR	109,146	$10.9m1.72%	1.72%	Reduced -3.2k	-3,212 -2.9%
14	CHEVRON CORP NEW COM CVX	CVX	67,605	$10.6m1.68%	1.68%	Reduced -376	-376 -0.6%
15	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	98,769	$10.5m1.66%	1.66%	Reduced -18.5k	-18,495 -15.8%
16	LAM RESEARCH CORP COM COM		13,160	$8.5m1.34%	1.34%	Reduced -76	-76 -0.6%
17	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,707	$8.1m1.28%	1.28%	Added +497	+497 2.1%
18	SALESFORCE INC COM CRM	CRM	37,620	$7.9m1.26%	1.26%	Added +766	+766 2.1%
19	SPDR SER TR S&P BIOTECH XBI	XBI	93,538	$7.8m1.23%	1.23%	Reduced -989	-989 -1.1%
20	VISA INC COM CL A V	V	26,953	$6.4m1.01%	1.01%	Added +159	+159 0.6%
21	JOHNSON & JOHNSON COM JNJ	JNJ	32,590	$5.4m0.85%	0.85%	Reduced -59	-59 -0.2%
22	BANK AMERICA CORP COM BAC	BAC	181,582	$5.2m0.82%	0.82%	Added +965	+965 0.5%
23	NVIDIA CORPORATION COM NVDA	NVDA	12,176	$5.2m0.82%	0.82%	Reduced -1.8k	-1,849 -13.2%
24	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	122,092	$5.0m0.79%	0.79%	Reduced -3.8k	-3,832 -3.0%
25	NORTHROP GRUMMAN CORP COM NOC	NOC	10,449	$4.8m0.75%	0.75%	Reduced -227	-227 -2.1%
26	NIKE INC CL B NKE	NKE	42,377	$4.7m0.74%	0.74%	Reduced -205	-205 -0.5%
27	DISNEY WALT CO COM DIS	DIS	50,063	$4.5m0.71%	0.71%	Reduced -2.9k	-2,879 -5.4%
28	MCDONALDS CORP COM MCD	MCD	14,287	$4.3m0.67%	0.67%	Reduced -18	-18 -0.1%
29	ORACLE CORP COM ORCL	ORCL	35,138	$4.2m0.66%	0.66%	Reduced -88	-88 -0.2%
30	PROCTER AND GAMBLE CO COM PG	PG	26,928	$4.1m0.65%	0.65%	Reduced -28	-28 -0.1%
31	ABBVIE INC COM ABBV	ABBV	29,512	$4.0m0.63%	0.63%	Reduced -64	-64 -0.2%
32	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	62,199	$3.9m0.62%	0.62%	Added +12.4k	+12,363 24.8%
33	GOLDMAN SACHS GROUP INC COM GS	GS	12,188	$3.9m0.62%	0.62%	Added +3	+3 0.0%
34	MONDELEZ INTL INC CL A MDLZ	MDLZ	53,674	$3.9m0.62%	0.62%	Added +175	+175 0.3%
35	WALMART INC COM WMT	WMT	24,631	$3.9m0.61%	0.61%	Added +1.8k	+1,791 7.8%
36	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	68,992	$3.8m0.60%	0.60%	Added +3.5k	+3,472 5.3%
37	MERCK & CO INC COM MRK	MRK	32,884	$3.8m0.60%	0.60%	Reduced -251	-251 -0.8%
38	ABBOTT LABS COM ABT	ABT	34,505	$3.8m0.60%	0.60%	Reduced -490	-490 -1.4%
39	PHILIP MORRIS INTL INC COM PM	PM	38,011	$3.7m0.59%	0.59%	Reduced -988	-988 -2.5%
40	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	193,855	$3.6m0.58%	0.58%	Added +8.5k	+8,517 4.6%
41	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	55,268	$3.5m0.56%	0.56%	Added +938	+938 1.7%
42	STARBUCKS CORP COM SBUX	SBUX	30,705	$3.0m0.48%	0.48%	Reduced -287	-287 -0.9%
43	ISHARES INC MSCI EMRG CHN EMXC	EMXC	54,368	$2.8m0.45%	0.45%	Added +7.9k	+7,933 17.1%
44	BLACKROCK INC COM BLK	BLK	4,022	$2.8m0.44%	0.44%	Reduced -7	-7 -0.2%
45	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	28,311	$2.7m0.43%	0.43%	Reduced -5.7k	-5,707 -16.8%
46	SCHWAB CHARLES CORP COM SCHW	SCHW	46,276	$2.6m0.42%	0.42%	Added +19.1k	+19,145 70.6%
47	EXXON MOBIL CORP COM XOM	XOM	24,307	$2.6m0.41%	0.41%	Added +117	+117 0.5%
48	UNITEDHEALTH GROUP INC COM UNH	UNH	5,350	$2.6m0.41%	0.41%	Added +53	+53 1.0%
49	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	30,771	$2.6m0.41%	0.41%	Reduced -1.1k	-1,069 -3.4%
50	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,538	$2.5m0.39%	0.39%	Added +219	+219 4.1%
51	BLACKSTONE INC COM BX	BX	25,960	$2.4m0.38%	0.38%	Added +104	+104 0.4%
52	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	69,452	$2.3m0.37%	0.37%	Added +19.2k	+19,183 38.2%
53	PEPSICO INC COM PEP	PEP	12,543	$2.3m0.37%	0.37%	Added +50	+50 0.4%
54	EXCHANGE TRADED CONCEPTS TRU ROBO GLB ETF ROBO	ROBO	39,029	$2.3m0.36%	0.36%	Unchanged
55	IDEXX LABS INC COM IDXX	IDXX	4,221	$2.1m0.34%	0.34%	Reduced -39	-39 -0.9%
56	BERKLEY W R CORP COM WRB	WRB	35,168	$2.1m0.33%	0.33%	Unchanged
57	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	15,748	$2.1m0.33%	0.33%	Reduced -249	-249 -1.6%
58	CISCO SYS INC COM CSCO	CSCO	40,057	$2.1m0.33%	0.33%	Reduced -624	-624 -1.5%
59	SPDR SER TR HLTH CR EQUIP XHE	XHE	20,748	$2.0m0.32%	0.32%	Reduced -933	-933 -4.3%
60	TJX COS INC NEW COM TJX	TJX	23,833	$2.0m0.32%	0.32%	Added +379	+379 1.6%
61	SNOWFLAKE INC CL A SNOW	SNOW	11,149	$2.0m0.31%	0.31%	Added +882	+882 8.6%
62	TESLA INC COM TSLA	TSLA	7,306	$1.9m0.30%	0.30%	Added +538	+538 8.0%
63	ALPHABET INC CAP STK CL A GOOGL	GOOGL	15,347	$1.8m0.29%	0.29%	Added +516	+516 3.5%
64	VERIZON COMMUNICATIONS INC COM VZ	VZ	48,843	$1.8m0.29%	0.29%	Reduced -1.8k	-1,773 -3.5%
65	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	11,489	$1.7m0.28%	0.28%	Added +249	+249 2.2%
66	ELI LILLY & CO COM LLY	LLY	3,607	$1.7m0.27%	0.27%	Added +60	+60 1.7%
67	ALTRIA GROUP INC COM MO	MO	36,919	$1.7m0.26%	0.26%	Reduced -857	-857 -2.3%
68	HOME DEPOT INC COM HD	HD	5,295	$1.6m0.26%	0.26%	Reduced -17	-17 -0.3%
69	ISHARES TR CORE US AGGBD ET AGG	AGG	16,699	$1.6m0.26%	0.26%	Added +3.6k	+3,598 27.5%
70	ISHARES TR ISHARES BIOTECH IBB	IBB	12,855	$1.6m0.26%	0.26%	Added +518	+518 4.2%
71	NEXTERA ENERGY INC COM NEE	NEE	21,971	$1.6m0.26%	0.26%	Reduced -1.2k	-1,192 -5.2%
72	CAMDEN NATL CORP COM CAC	CAC	51,888	$1.6m0.25%	0.25%	Added +153	+153 0.3%
73	SERVICENOW INC COM NOW	NOW	2,808	$1.6m0.25%	0.25%	Unchanged
74	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	15,690	$1.6m0.25%	0.25%	Reduced -354	-354 -2.2%
75	NUCOR CORP COM NUE	NUE	9,436	$1.5m0.24%	0.24%	Added +1	+1 0.0%
76	ISHARES TR CORE MSCI TOTAL IXUS	IXUS	23,491	$1.5m0.23%	0.23%	Reduced -732	-732 -3.0%
77	RTX CORPORATION COM RTX	RTX	14,898	$1.5m0.23%	0.23%	Added +89	+89 0.6%
78	PFIZER INC COM PFE	PFE	39,676	$1.5m0.23%	0.23%	Reduced -3.4k	-3,420 -7.9%
79	BOEING CO COM BA	BA	6,822	$1.4m0.23%	0.23%	Added +63	+63 0.9%
80	STAG INDL INC COM STAG	STAG	39,524	$1.4m0.22%	0.22%	Reduced -1.8k	-1,842 -4.5%
81	PRUDENTIAL FINL INC COM PRU	PRU	16,056	$1.4m0.22%	0.22%	Added +296	+296 1.9%
82	ARK ETF TR GENOMIC REV ETF ARKG	ARKG	41,468	$1.4m0.22%	0.22%	Reduced -1.8k	-1,780 -4.1%
83	WALGREENS BOOTS ALLIANCE INC COM WBA	WBA	48,686	$1.4m0.22%	0.22%	Added +4	+4 0.0%
84	ADOBE INC COM ADBE	ADBE	2,720	$1.3m0.21%	0.21%	Reduced -64	-64 -2.3%
85	SOUTHERN CO COM SO	SO	18,166	$1.3m0.20%	0.20%	Reduced -196	-196 -1.1%
86	COCA COLA CO COM KO	KO	19,738	$1.2m0.19%	0.19%	Added +128	+128 0.7%
87	DEERE & CO COM DE	DE	2,814	$1.1m0.18%	0.18%	Added +42	+42 1.5%
88	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	74,193	$1.1m0.18%	0.18%	Added +12.8k	+12,839 20.9%
89	ISHARES TR RUSEL 2500 ETF SMMD	SMMD	19,738	$1.1m0.18%	0.18%	Reduced -893	-893 -4.3%
90	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	6,955	$1.1m0.18%	0.18%	Reduced -736	-736 -9.6%
91	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,246	$1.1m0.17%	0.17%	Reduced -158	-158 -1.9%
92	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	42,645	$1.1m0.17%	0.17%	Reduced -7.4k	-7,407 -14.8%
93	MEDTRONIC PLC SHS MDT	MDT	12,184	$1.1m0.17%	0.17%	Reduced -537	-537 -4.2%
94	LOWES COS INC COM LOW	LOW	4,755	$1.1m0.17%	0.17%	Added +140	+140 3.0%
95	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	14,430	$932.2k0.15%	0.15%	Added +6	+6 0.0%
96	BAR HBR BANKSHARES COM BHB	BHB	37,135	$915.0k0.14%	0.14%	Reduced -37.2k	-37,229 -50.1%
97	NETFLIX INC COM NFLX	NFLX	1,997	$879.7k0.14%	0.14%	Added +600	+600 43.0%
98	WISDOMTREE TR US SMALLCAP FUND EES	EES	19,168	$858.9k0.14%	0.14%	Reduced -413	-413 -2.1%
99	UBER TECHNOLOGIES INC COM UBER	UBER	19,825	$855.8k0.14%	0.14%	Added +3.5k	+3,470 21.2%
100	LOCKHEED MARTIN CORP COM LMT	LMT	1,837	$845.6k0.13%	0.13%	Added +2	+2 0.1%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
PAYPAL HLDGS INC PYPL	PYPL	3,034	$230.4k3.0k shares
ISHARES TR IMCV	IMCV	3,615	$223.7k3.6k shares
ISHARES TR AOM	AOM	5,456	$217.5k5.5k shares
JETBLUE AWYS CORP JBLU	JBLU	12,200	$88.8k12.2k shares