MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2023-10-25

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

$610.7m reported value -3.3% vs Q2 2023

192positions

50.5%in top 10

5 new 59 added 119 reduced 9 sold out vs Q2 2023

Options: 1 call positions ($4.9k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q3 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	411,746	$70.5m11.54%	11.54%	Reduced -14.0k	-13,980 -3.3%
2	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	211,695	$48.0m7.86%	7.86%	Added +18.7k	+18,657 9.7%
3	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	89,030	$35.0m5.72%	5.72%	Added +19.7k	+19,699 28.4%
4	MICROSOFT CORP COM MSFT	MSFT	103,835	$32.8m5.37%	5.37%	Reduced -2.5k	-2,525 -2.4%
5	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	322,479	$32.7m5.35%	5.35%	Added +60.2k	+60,246 23.0%
6	AMAZON COM INC COM AMZN	AMZN	237,340	$30.2m4.94%	4.94%	Reduced -6.2k	-6,154 -2.5%
7	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	368,835	$19.1m3.13%	3.13%	Added +124.7k	+124,664 51.1%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	113,343	$14.9m2.45%	2.45%	Reduced -151	-151 -0.1%
9	META PLATFORMS INC CL A META	META	42,499	$12.8m2.09%	2.09%	Reduced -664	-664 -1.5%
10	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	27,896	$12.7m2.09%	2.09%	Reduced -6.7k	-6,687 -19.3%
11	JPMORGAN CHASE & CO COM JPM	JPM	85,770	$12.4m2.04%	2.04%	Reduced -3.9k	-3,948 -4.4%
12	ISHARES TR U.S. MED DVC ETF IHI	IHI	226,372	$11.0m1.80%	1.80%	Reduced -19.8k	-19,795 -8.0%
13	CHEVRON CORP NEW COM CVX	CVX	64,969	$11.0m1.79%	1.79%	Reduced -2.6k	-2,636 -3.9%
14	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	85,301	$8.8m1.44%	1.44%	Reduced -13.5k	-13,468 -13.6%
15	ISHARES TR CORE S&P SCP ETF IJR	IJR	91,396	$8.6m1.41%	1.41%	Reduced -17.8k	-17,750 -16.3%
16	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	23,325	$8.2m1.34%	1.34%	Reduced -382	-382 -1.6%
17	LAM RESEARCH CORP COM COM		12,988	$8.1m1.33%	1.33%	Reduced -172	-172 -1.3%
18	SALESFORCE INC COM CRM	CRM	37,058	$7.5m1.23%	1.23%	Reduced -562	-562 -1.5%
19	SPDR SER TR S&P BIOTECH XBI	XBI	79,904	$5.8m0.96%	0.96%	Reduced -13.6k	-13,634 -14.6%
20	VISA INC COM CL A V	V	25,060	$5.8m0.94%	0.94%	Reduced -1.9k	-1,893 -7.0%
21	NVIDIA CORPORATION COM NVDA	NVDA	12,802	$5.6m0.91%	0.91%	Added +626	+626 5.1%
22	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	86,744	$5.2m0.85%	0.85%	Added +24.5k	+24,545 39.5%
23	JOHNSON & JOHNSON COM JNJ	JNJ	31,321	$4.9m0.80%	0.80%	Reduced -1.3k	-1,269 -3.9%
24	BANK AMERICA CORP COM BAC	BAC	173,609	$4.8m0.78%	0.78%	Reduced -8.0k	-7,973 -4.4%
25	ABBVIE INC COM ABBV	ABBV	29,434	$4.4m0.72%	0.72%	Reduced -78	-78 -0.3%
26	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	103,391	$4.1m0.66%	0.66%	Reduced -18.7k	-18,701 -15.3%
27	PROCTER AND GAMBLE CO COM PG	PG	26,940	$3.9m0.64%	0.64%	Added +12	+12 0.0%
28	WALMART INC COM WMT	WMT	24,388	$3.9m0.64%	0.64%	Reduced -243	-243 -1.0%
29	NORTHROP GRUMMAN CORP COM NOC	NOC	8,736	$3.8m0.63%	0.63%	Reduced -1.7k	-1,713 -16.4%
30	DISNEY WALT CO COM DIS	DIS	47,263	$3.8m0.63%	0.63%	Reduced -2.8k	-2,800 -5.6%
31	ORACLE CORP COM ORCL	ORCL	35,305	$3.7m0.61%	0.61%	Added +167	+167 0.5%
32	MCDONALDS CORP COM MCD	MCD	14,020	$3.7m0.60%	0.60%	Reduced -267	-267 -1.9%
33	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	68,046	$3.6m0.60%	0.60%	Reduced -946	-946 -1.4%
34	NIKE INC CL B NKE	NKE	37,664	$3.6m0.59%	0.59%	Reduced -4.7k	-4,713 -11.1%
35	MONDELEZ INTL INC CL A MDLZ	MDLZ	51,225	$3.6m0.58%	0.58%	Reduced -2.4k	-2,449 -4.6%
36	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	109,905	$3.5m0.58%	0.58%	Added +40.5k	+40,453 58.2%
37	PHILIP MORRIS INTL INC COM PM	PM	37,409	$3.5m0.57%	0.57%	Reduced -602	-602 -1.6%
38	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	194,952	$3.4m0.55%	0.55%	Added +1.1k	+1,097 0.6%
39	GOLDMAN SACHS GROUP INC COM GS	GS	10,259	$3.3m0.54%	0.54%	Reduced -1.9k	-1,929 -15.8%
40	MERCK & CO INC COM MRK	MRK	32,016	$3.3m0.54%	0.54%	Reduced -868	-868 -2.6%
41	ABBOTT LABS COM ABT	ABT	33,800	$3.3m0.54%	0.54%	Reduced -705	-705 -2.0%
42	SCHWAB CHARLES CORP COM SCHW	SCHW	56,558	$3.1m0.51%	0.51%	Added +10.3k	+10,282 22.2%
43	ISHARES INC MSCI EMRG CHN EMXC	EMXC	60,076	$3.0m0.49%	0.49%	Added +5.7k	+5,708 10.5%
44	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	50,833	$3.0m0.48%	0.48%	Reduced -4.4k	-4,435 -8.0%
45	UNITEDHEALTH GROUP INC COM UNH	UNH	5,702	$2.9m0.47%	0.47%	Added +352	+352 6.6%
46	EXXON MOBIL CORP COM XOM	XOM	23,515	$2.8m0.45%	0.45%	Reduced -792	-792 -3.3%
47	STARBUCKS CORP COM SBUX	SBUX	29,488	$2.7m0.44%	0.44%	Reduced -1.2k	-1,217 -4.0%
48	BLACKSTONE INC COM BX	BX	24,122	$2.6m0.42%	0.42%	Reduced -1.8k	-1,838 -7.1%
49	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,481	$2.3m0.38%	0.38%	Reduced -57	-57 -1.0%
50	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	26,708	$2.3m0.38%	0.38%	Reduced -4.1k	-4,063 -13.2%
51	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	24,207	$2.3m0.37%	0.37%	Reduced -4.1k	-4,104 -14.5%
52	BERKLEY W R CORP COM WRB	WRB	35,224	$2.2m0.37%	0.37%	Added +56	+56 0.2%
53	BLACKROCK INC COM BLK	BLK	3,378	$2.2m0.36%	0.36%	Reduced -644	-644 -16.0%
54	TJX COS INC NEW COM TJX	TJX	23,909	$2.1m0.35%	0.35%	Added +76	+76 0.3%
55	PEPSICO INC COM PEP	PEP	12,411	$2.1m0.34%	0.34%	Reduced -132	-132 -1.1%
56	TESLA INC COM TSLA	TSLA	8,364	$2.1m0.34%	0.34%	Added +1.1k	+1,058 14.5%
57	UBER TECHNOLOGIES INC COM UBER	UBER	44,654	$2.1m0.34%	0.34%	Added +24.8k	+24,829 125.2%
58	CISCO SYS INC COM CSCO	CSCO	38,155	$2.1m0.34%	0.34%	Reduced -1.9k	-1,902 -4.8%
59	ALPHABET INC CAP STK CL A GOOGL	GOOGL	15,250	$2.0m0.33%	0.33%	Reduced -97	-97 -0.6%
60	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	15,252	$2.0m0.32%	0.32%	Reduced -496	-496 -3.1%
61	ELI LILLY & CO COM LLY	LLY	3,367	$1.8m0.30%	0.30%	Reduced -240	-240 -6.7%
62	IDEXX LABS INC COM IDXX	IDXX	3,969	$1.7m0.28%	0.28%	Reduced -252	-252 -6.0%
63	SNOWFLAKE INC CL A SNOW	SNOW	11,259	$1.7m0.28%	0.28%	Added +110	+110 1.0%
64	EXCHANGE TRADED CONCEPTS TRU ROBO GLB ETF ROBO	ROBO	32,196	$1.6m0.27%	0.27%	Reduced -6.8k	-6,833 -17.5%
65	HOME DEPOT INC COM HD	HD	5,310	$1.6m0.26%	0.26%	Added +15	+15 0.3%
66	ISHARES TR ISHARES BIOTECH IBB	IBB	12,586	$1.5m0.25%	0.25%	Reduced -269	-269 -2.1%
67	ISHARES TR CORE US AGGBD ET AGG	AGG	16,170	$1.5m0.25%	0.25%	Reduced -529	-529 -3.2%
68	SERVICENOW INC COM NOW	NOW	2,718	$1.5m0.25%	0.25%	Reduced -90	-90 -3.2%
69	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	10,330	$1.5m0.25%	0.25%	Reduced -1.2k	-1,159 -10.1%
70	ALTRIA GROUP INC COM MO	MO	35,508	$1.5m0.24%	0.24%	Reduced -1.4k	-1,411 -3.8%
71	NUCOR CORP COM NUE	NUE	9,437	$1.5m0.24%	0.24%	Added +1	+1 0.0%
72	SPDR SER TR HLTH CR EQUIP XHE	XHE	18,438	$1.4m0.24%	0.24%	Reduced -2.3k	-2,310 -11.1%
73	PRUDENTIAL FINL INC COM PRU	PRU	14,963	$1.4m0.23%	0.23%	Reduced -1.1k	-1,093 -6.8%
74	VERIZON COMMUNICATIONS INC COM VZ	VZ	42,412	$1.4m0.23%	0.23%	Reduced -6.4k	-6,431 -13.2%
75	ADOBE INC COM ADBE	ADBE	2,689	$1.4m0.22%	0.22%	Reduced -31	-31 -1.1%
76	CAMDEN NATL CORP COM CAC	CAC	48,580	$1.4m0.22%	0.22%	Reduced -3.3k	-3,308 -6.4%
77	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	13,667	$1.4m0.22%	0.22%	Reduced -2.0k	-2,023 -12.9%
78	PFIZER INC COM PFE	PFE	39,067	$1.3m0.21%	0.21%	Reduced -609	-609 -1.5%
79	NOVO-NORDISK A S ADR NVO	NVO	14,012	$1.3m0.21%	0.21%	Added +10.6k	+10,644 316.0%
80	BOEING CO COM BA	BA	6,546	$1.3m0.21%	0.21%	Reduced -276	-276 -4.0%
81	NEXTERA ENERGY INC COM NEE	NEE	21,746	$1.2m0.20%	0.20%	Reduced -225	-225 -1.0%
82	ISHARES TR CORE MSCI TOTAL IXUS	IXUS	20,622	$1.2m0.20%	0.20%	Reduced -2.9k	-2,869 -12.2%
83	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	75,085	$1.2m0.20%	0.20%	Added +892	+892 1.2%
84	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,177	$1.1m0.19%	0.19%	Reduced -69	-69 -0.8%
85	SOUTHERN CO COM SO	SO	17,683	$1.1m0.19%	0.19%	Reduced -483	-483 -2.7%
86	DEERE & CO COM DE	DE	2,980	$1.1m0.18%	0.18%	Added +166	+166 5.9%
87	COCA COLA CO COM KO	KO	19,779	$1.1m0.18%	0.18%	Added +41	+41 0.2%
88	SPDR SER TR S&P HOMEBUILD XHB	XHB	14,409	$1.1m0.18%	0.18%	New
89	STAG INDL INC COM STAG	STAG	31,748	$1.1m0.18%	0.18%	Reduced -7.8k	-7,776 -19.7%
90	RTX CORPORATION COM RTX	RTX	14,803	$1.1m0.17%	0.17%	Reduced -95	-95 -0.6%
91	ARK ETF TR GENOMIC REV ETF ARKG	ARKG	37,884	$1.1m0.17%	0.17%	Reduced -3.6k	-3,584 -8.6%
92	WALGREENS BOOTS ALLIANCE INC COM WBA	WBA	47,259	$1.1m0.17%	0.17%	Reduced -1.4k	-1,427 -2.9%
93	ISHARES TR RUSEL 2500 ETF SMMD	SMMD	18,742	$1.0m0.17%	0.17%	Reduced -996	-996 -5.0%
94	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	37,980	$924.4k0.15%	0.15%	Reduced -4.7k	-4,665 -10.9%
95	ISHARES TR CORE S&P500 ETF IVV	IVV	2,147	$921.9k0.15%	0.15%	Added +317	+317 17.3%
96	BAR HBR BANKSHARES COM BHB	BHB	37,000	$874.3k0.14%	0.14%	Reduced -135	-135 -0.4%
97	CONOCOPHILLIPS COM COP	COP	7,283	$872.5k0.14%	0.14%	Added +4	+4 0.1%
98	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	5,464	$872.1k0.14%	0.14%	Reduced -1.5k	-1,491 -21.4%
99	LOWES COS INC COM LOW	LOW	4,136	$859.7k0.14%	0.14%	Reduced -619	-619 -13.0%
100	NOVARTIS AG SPONSORED ADR NVS	NVS	7,971	$811.9k0.13%	0.13%	Reduced -112	-112 -1.4%

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
MEDTRONIC PLC MDT	MDT	12,184	$1.1m12.2k shares
VANGUARD INDEX FDS VTI	VTI	1,097	$241.5k1.1k shares
EVERSOURCE ENERGY ES	ES	3,307	$234.5k3.3k shares
ACTIVISION BLIZZARD INC ATVI	ATVI	2,709	$228.3k2.7k shares
SYSCO CORP SYY	SYY	3,017	$223.8k3.0k shares
FIRST TR EXCHANGE TRADED FD SKYY	SKYY	2,857	$216.9k2.9k shares
MODERNA INC MRNA	MRNA	1,702	$206.8k1.7k shares
WASTE MGMT INC DEL WM	WM	1,183	$205.1k1.2k shares
VANGUARD INDEX FDS VBK	VBK	871	$200.1k871 shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
PROSHARES TR BITO · Call	BITO	Call	10,200	$4.9k10.2k shares	New