MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2024-01-25

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

$693.9m reported value +13.6% vs Q3 2023

191positions

53.9%in top 10

8 new 67 added 106 reduced 9 sold out vs Q3 2023

Options: 1 call positions ($19.6k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q4 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	396,538	$76.3m11.00%	11.00%	Reduced -15.2k	-15,208 -3.7%
2	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	231,003	$59.9m8.64%	8.64%	Added +19.3k	+19,308 9.1%
3	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	104,495	$45.6m6.58%	6.58%	Added +15.5k	+15,465 17.4%
4	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	389,460	$42.6m6.14%	6.14%	Added +67.0k	+66,981 20.8%
5	MICROSOFT CORP COM MSFT	MSFT	108,282	$40.7m5.87%	5.87%	Added +4.4k	+4,447 4.3%
6	AMAZON COM INC COM AMZN	AMZN	239,073	$36.3m5.23%	5.23%	Added +1.7k	+1,733 0.7%
7	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	481,803	$27.0m3.90%	3.90%	Added +113.0k	+112,968 30.6%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	115,447	$16.3m2.34%	2.34%	Added +2.1k	+2,104 1.9%
9	META PLATFORMS INC CL A META	META	42,951	$15.2m2.19%	2.19%	Added +452	+452 1.1%
10	JPMORGAN CHASE & CO COM JPM	JPM	83,247	$14.2m2.04%	2.04%	Reduced -2.5k	-2,523 -2.9%
11	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	24,392	$12.4m1.78%	1.78%	Reduced -3.5k	-3,504 -12.6%
12	ISHARES TR U.S. MED DVC ETF IHI	IHI	199,857	$10.8m1.55%	1.55%	Reduced -26.5k	-26,515 -11.7%
13	LAM RESEARCH CORP COM COM		13,207	$10.3m1.49%	1.49%	Added +219	+219 1.7%
14	SALESFORCE INC COM CRM	CRM	38,060	$10.0m1.44%	1.44%	Added +1.0k	+1,002 2.7%
15	NVIDIA CORPORATION COM NVDA	NVDA	20,049	$9.9m1.43%	1.43%	Added +7.2k	+7,247 56.6%
16	CHEVRON CORP NEW COM CVX	CVX	65,028	$9.7m1.40%	1.40%	Added +59	+59 0.1%
17	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	78,305	$8.7m1.26%	1.26%	Reduced -7.0k	-6,996 -8.2%
18	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	24,326	$8.7m1.25%	1.25%	Added +1.0k	+1,001 4.3%
19	ISHARES TR CORE S&P SCP ETF IJR	IJR	78,016	$8.4m1.22%	1.22%	Reduced -13.4k	-13,380 -14.6%
20	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	101,923	$6.8m0.99%	0.99%	Added +15.2k	+15,179 17.5%
21	VISA INC COM CL A V	V	24,417	$6.4m0.92%	0.92%	Reduced -643	-643 -2.6%
22	SPDR SER TR S&P BIOTECH XBI	XBI	67,901	$6.1m0.87%	0.87%	Reduced -12.0k	-12,003 -15.0%
23	BANK AMERICA CORP COM BAC	BAC	165,455	$5.6m0.80%	0.80%	Reduced -8.2k	-8,154 -4.7%
24	SCHWAB CHARLES CORP COM SCHW	SCHW	71,872	$4.9m0.71%	0.71%	Added +15.3k	+15,314 27.1%
25	SCHWAB STRATEGIC TR INTL SCEQT ETF SCHC	SCHC	140,510	$4.9m0.71%	0.71%	Added +30.6k	+30,605 27.9%
26	JOHNSON & JOHNSON COM JNJ	JNJ	30,591	$4.8m0.69%	0.69%	Reduced -730	-730 -2.3%
27	ABBVIE INC COM ABBV	ABBV	29,540	$4.6m0.66%	0.66%	Added +106	+106 0.4%
28	MCDONALDS CORP COM MCD	MCD	14,094	$4.2m0.60%	0.60%	Added +74	+74 0.5%
29	PROCTER AND GAMBLE CO COM PG	PG	26,791	$3.9m0.57%	0.57%	Reduced -149	-149 -0.6%
30	WALMART INC COM WMT	WMT	23,967	$3.8m0.54%	0.54%	Reduced -421	-421 -1.7%
31	ISHARES INC MSCI EMRG CHN EMXC	EMXC	67,322	$3.7m0.54%	0.54%	Added +7.2k	+7,246 12.1%
32	ORACLE CORP COM ORCL	ORCL	35,321	$3.7m0.54%	0.54%	Added +16	+16 0.1%
33	GOLDMAN SACHS GROUP INC COM GS	GS	9,633	$3.7m0.54%	0.54%	Reduced -626	-626 -6.1%
34	ABBOTT LABS COM ABT	ABT	33,141	$3.6m0.53%	0.53%	Reduced -659	-659 -1.9%
35	UBER TECHNOLOGIES INC COM UBER	UBER	58,723	$3.6m0.52%	0.52%	Added +14.1k	+14,069 31.5%
36	NORTHROP GRUMMAN CORP COM NOC	NOC	7,692	$3.6m0.52%	0.52%	Reduced -1.0k	-1,044 -11.9%
37	NIKE INC CL B NKE	NKE	33,162	$3.6m0.52%	0.52%	Reduced -4.5k	-4,502 -11.9%
38	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	198,361	$3.6m0.51%	0.51%	Added +3.4k	+3,409 1.8%
39	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	63,986	$3.5m0.51%	0.51%	Reduced -4.1k	-4,060 -6.0%
40	MONDELEZ INTL INC CL A MDLZ	MDLZ	48,539	$3.5m0.51%	0.51%	Reduced -2.7k	-2,686 -5.2%
41	MERCK & CO INC COM MRK	MRK	31,764	$3.5m0.50%	0.50%	Reduced -252	-252 -0.8%
42	PHILIP MORRIS INTL INC COM PM	PM	35,744	$3.4m0.48%	0.48%	Reduced -1.7k	-1,665 -4.5%
43	BLACKSTONE INC COM BX	BX	23,400	$3.1m0.44%	0.44%	Reduced -722	-722 -3.0%
44	UNITEDHEALTH GROUP INC COM UNH	UNH	5,540	$2.9m0.42%	0.42%	Reduced -162	-162 -2.8%
45	STARBUCKS CORP COM SBUX	SBUX	28,658	$2.8m0.40%	0.40%	Reduced -830	-830 -2.8%
46	BLACKROCK INC COM BLK	BLK	3,155	$2.6m0.37%	0.37%	Reduced -223	-223 -6.6%
47	NOVO-NORDISK A S ADR NVO	NVO	24,328	$2.5m0.36%	0.36%	Added +10.3k	+10,316 73.6%
48	BERKLEY W R CORP COM WRB	WRB	35,170	$2.5m0.36%	0.36%	Reduced -54	-54 -0.1%
49	SNOWFLAKE INC CL A SNOW	SNOW	12,125	$2.4m0.35%	0.35%	Added +866	+866 7.7%
50	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,052	$2.4m0.35%	0.35%	Reduced -429	-429 -7.8%
51	TESLA INC COM TSLA	TSLA	9,052	$2.2m0.32%	0.32%	Added +688	+688 8.2%
52	TJX COS INC NEW COM TJX	TJX	23,888	$2.2m0.32%	0.32%	Reduced -21	-21 -0.1%
53	DISNEY WALT CO COM DIS	DIS	24,755	$2.2m0.32%	0.32%	Reduced -22.5k	-22,508 -47.6%
54	ALPHABET INC CAP STK CL A GOOGL	GOOGL	15,499	$2.2m0.31%	0.31%	Added +249	+249 1.6%
55	EXXON MOBIL CORP COM XOM	XOM	21,390	$2.1m0.31%	0.31%	Reduced -2.1k	-2,125 -9.0%
56	IDEXX LABS INC COM IDXX	IDXX	3,848	$2.1m0.31%	0.31%	Reduced -121	-121 -3.0%
57	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	40,894	$2.1m0.30%	0.30%	Reduced -9.9k	-9,939 -19.6%
58	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	20,275	$2.1m0.30%	0.30%	Reduced -3.9k	-3,932 -16.2%
59	PEPSICO INC COM PEP	PEP	12,154	$2.1m0.30%	0.30%	Reduced -257	-257 -2.1%
60	ELI LILLY & CO COM LLY	LLY	3,285	$1.9m0.28%	0.28%	Reduced -82	-82 -2.4%
61	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	13,836	$1.9m0.27%	0.27%	Reduced -1.4k	-1,416 -9.3%
62	SERVICENOW INC COM NOW	NOW	2,638	$1.9m0.27%	0.27%	Reduced -80	-80 -2.9%
63	HOME DEPOT INC COM HD	HD	5,298	$1.8m0.26%	0.26%	Reduced -12	-12 -0.2%
64	CAMDEN NATL CORP COM CAC	CAC	48,758	$1.8m0.26%	0.26%	Added +178	+178 0.4%
65	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	10,255	$1.8m0.26%	0.26%	Reduced -75	-75 -0.7%
66	CISCO SYS INC COM CSCO	CSCO	34,722	$1.8m0.25%	0.25%	Reduced -3.4k	-3,433 -9.0%
67	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	22,419	$1.7m0.25%	0.25%	Reduced -4.3k	-4,289 -16.1%
68	BOEING CO COM BA	BA	6,312	$1.6m0.24%	0.24%	Reduced -234	-234 -3.6%
69	NUCOR CORP COM NUE	NUE	9,439	$1.6m0.24%	0.24%	Added +2	+2 0.0%
70	ADOBE INC COM ADBE	ADBE	2,689	$1.6m0.23%	0.23%	Unchanged
71	EXCHANGE TRADED CONCEPTS TRU ROBO GLB ETF ROBO	ROBO	27,276	$1.6m0.23%	0.23%	Reduced -4.9k	-4,920 -15.3%
72	ISHARES TR CORE US AGGBD ET AGG	AGG	15,627	$1.6m0.22%	0.22%	Reduced -543	-543 -3.4%
73	PRUDENTIAL FINL INC COM PRU	PRU	14,870	$1.5m0.22%	0.22%	Reduced -93	-93 -0.6%
74	ALTRIA GROUP INC COM MO	MO	34,993	$1.4m0.20%	0.20%	Reduced -515	-515 -1.4%
75	ISHARES TR ISHARES BIOTECH IBB	IBB	10,139	$1.4m0.20%	0.20%	Reduced -2.4k	-2,447 -19.4%
76	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	79,525	$1.4m0.20%	0.20%	Added +4.4k	+4,440 5.9%
77	SPDR SER TR HLTH CR EQUIP XHE	XHE	15,881	$1.3m0.19%	0.19%	Reduced -2.6k	-2,557 -13.9%
78	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,030	$1.3m0.19%	0.19%	Reduced -147	-147 -1.8%
79	SPDR SER TR S&P HOMEBUILD XHB	XHB	13,715	$1.3m0.19%	0.19%	Reduced -694	-694 -4.8%
80	NEXTERA ENERGY INC COM NEE	NEE	21,166	$1.3m0.19%	0.19%	Reduced -580	-580 -2.7%
81	RTX CORPORATION COM RTX	RTX	14,792	$1.2m0.18%	0.18%	Reduced -11	-11 -0.1%
82	SOUTHERN CO COM SO	SO	17,224	$1.2m0.17%	0.17%	Reduced -459	-459 -2.6%
83	COCA COLA CO COM KO	KO	20,247	$1.2m0.17%	0.17%	Added +468	+468 2.4%
84	DEERE & CO COM DE	DE	2,902	$1.2m0.17%	0.17%	Reduced -78	-78 -2.6%
85	ISHARES TR RUSEL 2500 ETF SMMD	SMMD	18,732	$1.2m0.17%	0.17%	Reduced -10	-10 -0.1%
86	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	14,377	$1.1m0.16%	0.16%	Added +171	+171 1.2%
87	WALGREENS BOOTS ALLIANCE INC COM WBA	WBA	42,603	$1.1m0.16%	0.16%	Reduced -4.7k	-4,656 -9.8%
88	ISHARES TR CORE MSCI TOTAL IXUS	IXUS	16,849	$1.1m0.16%	0.16%	Reduced -3.8k	-3,773 -18.3%
89	STAG INDL INC COM STAG	STAG	27,331	$1.1m0.15%	0.15%	Reduced -4.4k	-4,417 -13.9%
90	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	10,338	$1.0m0.15%	0.15%	Reduced -3.3k	-3,329 -24.4%
91	ISHARES TR CORE S&P500 ETF IVV	IVV	2,148	$1.0m0.15%	0.15%	Added +1	+1 0.1%
92	ARK ETF TR GENOMIC REV ETF ARKG	ARKG	31,170	$1.0m0.15%	0.15%	Reduced -6.7k	-6,714 -17.7%
93	PFIZER INC COM PFE	PFE	34,282	$987.0k0.14%	0.14%	Reduced -4.8k	-4,785 -12.2%
94	NETFLIX INC COM NFLX	NFLX	1,917	$933.2k0.13%	0.13%	Reduced -138	-138 -6.7%
95	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	4,958	$925.0k0.13%	0.13%	Reduced -506	-506 -9.3%
96	LOWES COS INC COM LOW	LOW	4,096	$911.6k0.13%	0.13%	Reduced -40	-40 -1.0%
97	CATERPILLAR INC COM CAT	CAT	3,055	$903.4k0.13%	0.13%	Added +109	+109 3.7%
98	BAR HBR BANKSHARES COM BHB	BHB	30,237	$887.8k0.13%	0.13%	Reduced -6.8k	-6,763 -18.3%
99	CONOCOPHILLIPS COM COP	COP	7,311	$848.6k0.12%	0.12%	Added +28	+28 0.4%
100	QUALCOMM INC COM QCOM	QCOM	5,793	$837.8k0.12%	0.12%	Added +71	+71 1.2%

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
VANGUARD INTL EQUITY INDEX F VWO	VWO	103,391	$4.1m103.4k shares
FIRST TR EXCH TRADED FD III FMB	FMB	12,653	$618.5k12.7k shares
SMART GLOBAL HLDGS INC		21,688	$528.1k21.7k shares
THERMO FISHER SCIENTIFIC INC TMO	TMO	858	$434.5k858 shares
ARK ETF TR ARKQ	ARKQ	4,651	$244.0k4.7k shares
OCCIDENTAL PETE CORP OXY	OXY	3,597	$233.4k3.6k shares
INVESCO EXCHANGE TRADED FD T RSP	RSP	1,608	$227.8k1.6k shares
FORD MTR CO F	F	13,830	$171.8k13.8k shares
INOVIO PHARMACEUTICALS INC		10,013	$3.9k10.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
PROSHARES TR BITO · Call	BITO	Call	10,200	$19.6k10.2k shares	Unchanged