MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2025-01-24

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

$960.7m reported value +6.7% vs Q3 2024

204positions

56.3%in top 10

11 new 93 added 86 reduced 10 sold out vs Q3 2024

Options: 1 call positions ($10.1k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q4 2024

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	366,044	$91.7m9.54%	9.54%	Reduced -4.5k	-4,509 -1.2%
2	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	262,363	$90.1m9.38%	9.38%	Reduced -2.3k	-2,348 -0.9%
3	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	139,841	$75.3m7.84%	7.84%	Added +11.2k	+11,152 8.7%
4	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	506,470	$63.3m6.59%	6.59%	Reduced -1.1k	-1,080 -0.2%
5	AMAZON COM INC COM AMZN	AMZN	238,207	$52.3m5.44%	5.44%	Reduced -1.3k	-1,317 -0.6%
6	MICROSOFT CORP COM MSFT	MSFT	105,645	$44.5m4.64%	4.64%	Added +911	+911 0.9%
7	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	761,823	$43.7m4.55%	4.55%	Added +44.6k	+44,602 6.2%
8	NVIDIA CORPORATION COM NVDA	NVDA	244,291	$32.8m3.41%	3.41%	Added +4.2k	+4,184 1.7%
9	META PLATFORMS INC CL A META	META	42,183	$24.7m2.57%	2.57%	Reduced -61	-61 -0.1%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	119,480	$22.8m2.37%	2.37%	Added +1.4k	+1,351 1.1%
11	JPMORGAN CHASE & CO COM JPM	JPM	81,220	$19.5m2.03%	2.03%	Reduced -829	-829 -1.0%
12	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	447,698	$18.2m1.90%	1.90%	New
13	J P MORGAN EXCHANGE TRADED F ACTIVE BOND ETF JBND	JBND	347,346	$18.1m1.89%	1.89%	Added +22.4k	+22,419 6.9%
14	SALESFORCE INC COM CRM	CRM	41,755	$14.0m1.45%	1.45%	Reduced -244	-244 -0.6%
15	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	139,845	$13.5m1.41%	1.41%	Added +25.1k	+25,100 21.9%
16	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	28,274	$12.8m1.33%	1.33%	Reduced -237	-237 -0.8%
17	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	157,560	$12.0m1.25%	1.25%	Added +16.1k	+16,050 11.3%
18	SPDR SER TR S&P BIOTECH XBI	XBI	106,773	$9.6m1.00%	1.00%	Added +1.4k	+1,407 1.3%
19	LAM RESEARCH CORP COM NEW LRCX	LRCX	132,701	$9.6m1.00%	1.00%	New
20	ISHARES TR U.S. MED DVC ETF IHI	IHI	151,385	$8.8m0.92%	0.92%	Reduced -1.3k	-1,314 -0.9%
21	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	14,468	$8.2m0.86%	0.86%	Reduced -49	-49 -0.3%
22	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	63,617	$8.1m0.84%	0.84%	Reduced -1.0k	-1,043 -1.6%
23	SCHWAB CHARLES CORP COM SCHW	SCHW	107,759	$8.0m0.83%	0.83%	Reduced -312	-312 -0.3%
24	CHEVRON CORP NEW COM CVX	CVX	54,765	$7.9m0.83%	0.83%	Added +92	+92 0.2%
25	VISA INC COM CL A V	V	24,440	$7.7m0.80%	0.80%	Reduced -21	-21 -0.1%
26	BERKLEY W R CORP COM WRB	WRB	126,461	$7.4m0.77%	0.77%	Reduced -8	-8 -0.0%
27	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	95,942	$7.3m0.76%	0.76%	Reduced -698	-698 -0.7%
28	TESLA INC COM TSLA	TSLA	16,766	$6.8m0.70%	0.70%	Added +1.3k	+1,345 8.7%
29	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	47,618	$6.6m0.68%	0.68%	Added +7.3k	+7,314 18.1%
30	BANK AMERICA CORP COM BAC	BAC	143,123	$6.3m0.65%	0.65%	Reduced -846	-846 -0.6%
31	WALMART INC COM WMT	WMT	69,362	$6.3m0.65%	0.65%	Reduced -468	-468 -0.7%
32	UBER TECHNOLOGIES INC COM UBER	UBER	97,881	$5.9m0.61%	0.61%	Reduced -1.6k	-1,565 -1.6%
33	ORACLE CORP COM ORCL	ORCL	35,215	$5.9m0.61%	0.61%	Reduced -521	-521 -1.5%
34	INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 XLG	XLG	103,715	$5.2m0.54%	0.54%	New
35	ABBVIE INC COM ABBV	ABBV	27,679	$4.9m0.51%	0.51%	Reduced -18	-18 -0.1%
36	ISHARES TR CORE S&P SCP ETF IJR	IJR	42,067	$4.8m0.50%	0.50%	Reduced -556	-556 -1.3%
37	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	19,399	$4.7m0.49%	0.49%	Added +1.5k	+1,453 8.1%
38	ISHARES INC MSCI EMRG CHN EMXC	EMXC	82,644	$4.6m0.48%	0.48%	Reduced -3.1k	-3,118 -3.6%
39	GOLDMAN SACHS GROUP INC COM GS	GS	7,792	$4.5m0.46%	0.46%	Reduced -40	-40 -0.5%
40	NOVO-NORDISK A S ADR NVO	NVO	50,140	$4.3m0.45%	0.45%	Reduced -1.8k	-1,837 -3.5%
41	PROCTER AND GAMBLE CO COM PG	PG	24,857	$4.2m0.43%	0.43%	Reduced -45	-45 -0.2%
42	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	69,944	$4.0m0.42%	0.42%	Added +2.8k	+2,820 4.2%
43	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	215,856	$4.0m0.41%	0.41%	Added +15.2k	+15,193 7.6%
44	PHILIP MORRIS INTL INC COM PM	PM	32,757	$3.9m0.41%	0.41%	Reduced -964	-964 -2.9%
45	JOHNSON & JOHNSON COM JNJ	JNJ	26,442	$3.8m0.40%	0.40%	Reduced -419	-419 -1.6%
46	ABBOTT LABS COM ABT	ABT	32,426	$3.7m0.38%	0.38%	Reduced -413	-413 -1.3%
47	ALPHABET INC CAP STK CL A GOOGL	GOOGL	19,339	$3.7m0.38%	0.38%	Added +2.4k	+2,401 14.2%
48	BLACKSTONE INC COM BX	BX	20,832	$3.6m0.37%	0.37%	Reduced -202	-202 -1.0%
49	MCDONALDS CORP COM MCD	MCD	11,809	$3.4m0.36%	0.36%	Reduced -331	-331 -2.7%
50	MERCK & CO INC COM MRK	MRK	30,645	$3.0m0.32%	0.32%	Reduced -32	-32 -0.1%
51	TJX COS INC NEW COM TJX	TJX	24,133	$2.9m0.30%	0.30%	Added +357	+357 1.5%
52	SERVICENOW INC COM NOW	NOW	2,542	$2.7m0.28%	0.28%	Unchanged
53	ELI LILLY & CO COM LLY	LLY	3,221	$2.5m0.26%	0.26%	Added +205	+205 6.8%
54	UNITEDHEALTH GROUP INC COM UNH	UNH	4,862	$2.5m0.26%	0.26%	Added +262	+262 5.7%
55	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,182	$2.5m0.26%	0.26%	Reduced -12	-12 -0.3%
56	EXXON MOBIL CORP COM XOM	XOM	20,876	$2.2m0.23%	0.23%	Added +424	+424 2.1%
57	BLACKROCK INC COM BLK	BLK	2,145	$2.2m0.23%	0.23%	New
58	STARBUCKS CORP COM SBUX	SBUX	23,836	$2.2m0.23%	0.23%	Reduced -621	-621 -2.5%
59	NORTHROP GRUMMAN CORP COM NOC	NOC	4,381	$2.1m0.21%	0.21%	Reduced -117	-117 -2.6%
60	HOME DEPOT INC COM HD	HD	5,233	$2.0m0.21%	0.21%	Added +352	+352 7.2%
61	DISNEY WALT CO COM DIS	DIS	17,973	$2.0m0.21%	0.21%	Reduced -4.0k	-3,972 -18.1%
62	CAMDEN NATL CORP COM CAC	CAC	45,551	$1.9m0.20%	0.20%	Added +93	+93 0.2%
63	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	21,576	$1.8m0.19%	0.19%	Reduced -312	-312 -1.4%
64	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,229	$1.8m0.19%	0.19%	Added +221	+221 2.8%
65	MONDELEZ INTL INC CL A MDLZ	MDLZ	29,553	$1.8m0.18%	0.18%	Reduced -1.3k	-1,340 -4.3%
66	RTX CORPORATION COM RTX	RTX	14,981	$1.7m0.18%	0.18%	Reduced -565	-565 -3.6%
67	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	14,713	$1.7m0.18%	0.18%	Reduced -298	-298 -2.0%
68	PFIZER INC COM PFE	PFE	64,973	$1.7m0.18%	0.18%	Added +1.7k	+1,661 2.6%
69	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	29,845	$1.7m0.18%	0.18%	Added +696	+696 2.4%
70	PEPSICO INC COM PEP	PEP	10,911	$1.7m0.17%	0.17%	Reduced -233	-233 -2.1%
71	BROADCOM INC COM AVGO	AVGO	7,010	$1.6m0.17%	0.17%	Added +866	+866 14.1%
72	ALTRIA GROUP INC COM MO	MO	29,501	$1.5m0.16%	0.16%	Reduced -263	-263 -0.9%
73	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	14,175	$1.5m0.16%	0.16%	Unchanged
74	NEXTERA ENERGY INC COM NEE	NEE	20,992	$1.5m0.16%	0.16%	Reduced -142	-142 -0.7%
75	CISCO SYS INC COM CSCO	CSCO	25,319	$1.5m0.16%	0.16%	Added +403	+403 1.6%
76	NETFLIX INC COM NFLX	NFLX	1,619	$1.4m0.15%	0.15%	Reduced -99	-99 -5.8%
77	PRUDENTIAL FINL INC COM PRU	PRU	11,935	$1.4m0.15%	0.15%	Reduced -101	-101 -0.8%
78	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	4,125	$1.4m0.15%	0.15%	Added +305	+305 8.0%
79	IDEXX LABS INC COM IDXX	IDXX	3,334	$1.4m0.14%	0.14%	Reduced -45	-45 -1.3%
80	ISHARES TR CORE S&P500 ETF IVV	IVV	2,327	$1.4m0.14%	0.14%	Added +1	+1 0.0%
81	ISHARES TR ISHARES BIOTECH IBB	IBB	10,320	$1.4m0.14%	0.14%	Added +914	+914 9.7%
82	DEERE & CO COM DE	DE	3,152	$1.3m0.14%	0.14%	Reduced -5	-5 -0.2%
83	SPDR SER TR S&P HOMEBUILD XHB	XHB	12,194	$1.3m0.13%	0.13%	Added +5	+5 0.0%
84	NIKE INC CL B NKE	NKE	16,790	$1.3m0.13%	0.13%	Reduced -2.0k	-1,958 -10.4%
85	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	50,040	$1.2m0.13%	0.13%	Added +9.5k	+9,508 23.5%
86	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,343	$1.2m0.12%	0.12%	Reduced -94	-94 -3.9%
87	ADOBE INC COM ADBE	ADBE	2,651	$1.2m0.12%	0.12%	Reduced -12	-12 -0.5%
88	COCA COLA CO COM KO	KO	18,884	$1.2m0.12%	0.12%	Added +891	+891 5.0%
89	SOUTHERN CO COM SO	SO	13,991	$1.2m0.12%	0.12%	Added +377	+377 2.8%
90	PALO ALTO NETWORKS INC COM PANW	PANW	6,059	$1.1m0.11%	0.11%	Added +233	+233 4.0%
91	NUCOR CORP COM NUE	NUE	9,443	$1.1m0.11%	0.11%	Added +1	+1 0.0%
92	QUALCOMM INC COM QCOM	QCOM	7,141	$1.1m0.11%	0.11%	Added +364	+364 5.4%
93	EATON CORP PLC SHS ETN	ETN	3,252	$1.1m0.11%	0.11%	Added +2	+2 0.1%
94	SPDR SER TR HLTH CR EQUIP XHE	XHE	11,672	$1.0m0.11%	0.11%	Unchanged
95	SNOWFLAKE INC CL A SNOW	SNOW	6,571	$1.0m0.11%	0.11%	Reduced -6.3k	-6,259 -48.8%
96	CATERPILLAR INC COM CAT	CAT	2,709	$982.8k0.10%	0.10%	Reduced -371	-371 -12.1%
97	MASTERCARD INCORPORATED CL A MA	MA	1,834	$965.6k0.10%	0.10%	Added +187	+187 11.3%
98	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	19,865	$960.1k0.10%	0.10%	Added +8.8k	+8,755 78.8%
99	FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX FDN	FDN	3,910	$950.8k0.10%	0.10%	Reduced -21	-21 -0.5%
100	MICROSTRATEGY INC CL A NEW MSTR	MSTR	3,159	$914.8k0.10%	0.10%	Added +67	+67 2.2%

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
LAM RESEARCH CORP		134,310	$11.0m134.3k shares
BLACKROCK INC BLK	BLK	2,117	$2.0m2.1k shares
TORONTO DOMINION BK ONT TD	TD	4,379	$277.0k4.4k shares
TARGET CORP TGT	TGT	1,495	$233.0k1.5k shares
THERMO FISHER SCIENTIFIC INC TMO	TMO	371	$229.8k371 shares
HARTFORD INSURANCE GROUP INC HIG	HIG	1,798	$211.4k1.8k shares
JANUS DETROIT STR TR VNLA	VNLA	4,193	$205.6k4.2k shares
BP PLC BP	BP	6,543	$205.4k6.5k shares
EVERSOURCE ENERGY ES	ES	2,982	$202.9k3.0k shares
GENERAL MLS INC GIS	GIS	2,737	$202.1k2.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
GRAB HOLDINGS LIMITED GRAB · Call	GRAB	Call	11,000	$10.1k11.0k shares	Reduced