MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2025-07-25

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

$1.1bn reported value +12.1% vs Q1 2025

189positions

58.8%in top 10

12 new 76 added 83 reduced 13 sold out vs Q1 2025

Options: 2 call positions ($11.4k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2025

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	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	303,973	$172.7m16.36%	16.36%	Added +9.5k	+9,473 3.2%
2	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	1,166,389	$78.4m7.43%	7.43%	Added +30.7k	+30,734 2.7%
3	INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 XLG	XLG	1,360,928	$70.9m6.72%	6.72%	Added +93.3k	+93,257 7.4%
4	APPLE INC COM AAPL	AAPL	320,092	$65.7m6.22%	6.22%	Reduced -1.4k	-1,389 -0.4%
5	MICROSOFT CORP COM MSFT	MSFT	100,649	$50.1m4.74%	4.74%	Added +425	+425 0.4%
6	NVIDIA CORPORATION COM NVDA	NVDA	274,952	$43.4m4.12%	4.12%	Added +5.0k	+5,044 1.9%
7	AMAZON COM INC COM AMZN	AMZN	195,247	$42.8m4.06%	4.06%	Reduced -814	-814 -0.4%
8	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	106,000	$38.8m3.68%	3.68%	Reduced -4.1k	-4,147 -3.8%
9	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	360,258	$32.8m3.11%	3.11%	Added +12.7k	+12,657 3.6%
10	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	319,053	$25.4m2.41%	2.41%	Added +16.1k	+16,126 5.3%
11	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	605,108	$25.1m2.37%	2.37%	Added +18.6k	+18,577 3.2%
12	META PLATFORMS INC CL A META	META	31,473	$23.2m2.20%	2.20%	Reduced -455	-455 -1.4%
13	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	163,407	$21.4m2.03%	2.03%	Reduced -9.2k	-9,249 -5.4%
14	J P MORGAN EXCHANGE TRADED F ACTIVE BOND ETF JBND	JBND	364,117	$19.5m1.85%	1.85%	Added +6.1k	+6,087 1.7%
15	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	142,552	$19.2m1.82%	1.82%	Added +35.4k	+35,371 33.0%
16	JPMORGAN CHASE & CO COM JPM	JPM	64,023	$18.6m1.76%	1.76%	Added +717	+717 1.1%
17	ALPHABET INC CAP STK CL C GOOG	GOOG	94,418	$16.7m1.59%	1.59%	Reduced -405	-405 -0.4%
18	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	87,877	$12.0m1.13%	1.13%	Added +3.3k	+3,310 3.9%
19	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	20,165	$9.8m0.93%	0.93%	Added +369	+369 1.9%
20	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	181,043	$9.5m0.90%	0.90%	Added +10.3k	+10,287 6.0%
21	BERKLEY W R CORP COM WRB	WRB	126,462	$9.3m0.88%	0.88%	Added +1	+1 0.0%
22	TESLA INC COM TSLA	TSLA	26,452	$8.4m0.80%	0.80%	Added +3.4k	+3,363 14.6%
23	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	14,409	$8.2m0.77%	0.77%	Reduced -267	-267 -1.8%
24	ORACLE CORP COM ORCL	ORCL	33,743	$7.4m0.70%	0.70%	Reduced -259	-259 -0.8%
25	ISHARES TR U.S. MED DVC ETF IHI	IHI	102,431	$6.4m0.61%	0.61%	Reduced -5.3k	-5,337 -5.0%
26	CHEVRON CORP NEW COM CVX	CVX	43,747	$6.3m0.59%	0.59%	Added +1.9k	+1,862 4.5%
27	VISA INC COM CL A V	V	17,363	$6.2m0.58%	0.58%	Reduced -113	-113 -0.7%
28	LAM RESEARCH CORP COM NEW LRCX	LRCX	61,392	$6.0m0.57%	0.57%	Reduced -2.1k	-2,053 -3.2%
29	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	43,957	$5.9m0.56%	0.56%	Reduced -2.0k	-1,963 -4.3%
30	PHILIP MORRIS INTL INC COM PM	PM	31,948	$5.8m0.55%	0.55%	Reduced -197	-197 -0.6%
31	BANK AMERICA CORP COM BAC	BAC	122,908	$5.8m0.55%	0.55%	Reduced -2.8k	-2,830 -2.2%
32	BROADCOM INC COM AVGO	AVGO	20,555	$5.7m0.54%	0.54%	Added +3.2k	+3,194 18.4%
33	SALESFORCE INC COM CRM	CRM	20,705	$5.6m0.53%	0.53%	Reduced -732	-732 -3.4%
34	WALMART INC COM WMT	WMT	51,899	$5.1m0.48%	0.48%	Added +33	+33 0.1%
35	ABBVIE INC COM ABBV	ABBV	26,851	$5.0m0.47%	0.47%	Added +19	+19 0.1%
36	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	16,727	$4.7m0.44%	0.44%	Reduced -2.1k	-2,139 -11.3%
37	PROCTER AND GAMBLE CO COM PG	PG	27,484	$4.4m0.41%	0.41%	Added +3.7k	+3,739 15.8%
38	UBER TECHNOLOGIES INC COM UBER	UBER	43,940	$4.1m0.39%	0.39%	Reduced -173	-173 -0.4%
39	SCHWAB CHARLES CORP COM SCHW	SCHW	44,874	$4.1m0.39%	0.39%	Reduced -2.1k	-2,084 -4.4%
40	ABBOTT LABS COM ABT	ABT	29,962	$4.1m0.39%	0.39%	Reduced -200	-200 -0.7%
41	ELI LILLY & CO COM LLY	LLY	5,021	$3.9m0.37%	0.37%	Added +194	+194 4.0%
42	ALPHABET INC CAP STK CL A GOOGL	GOOGL	20,300	$3.6m0.34%	0.34%	Reduced -372	-372 -1.8%
43	JOHNSON & JOHNSON COM JNJ	JNJ	23,361	$3.6m0.34%	0.34%	Reduced -595	-595 -2.5%
44	GOLDMAN SACHS GROUP INC COM GS	GS	4,989	$3.5m0.33%	0.33%	Reduced -74	-74 -1.5%
45	EXXON MOBIL CORP COM XOM	XOM	31,733	$3.4m0.32%	0.32%	Reduced -126	-126 -0.4%
46	ISHARES TR S&P 100 ETF OEF	OEF	9,918	$3.0m0.29%	0.29%	New
47	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	50,284	$2.9m0.27%	0.27%	Reduced -5.8k	-5,759 -10.3%
48	MCDONALDS CORP COM MCD	MCD	9,640	$2.8m0.27%	0.27%	Reduced -101	-101 -1.0%
49	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	143,601	$2.7m0.26%	0.26%	Added +382	+382 0.3%
50	TJX COS INC NEW COM TJX	TJX	21,507	$2.7m0.25%	0.25%	Reduced -345	-345 -1.6%
51	BLACKSTONE INC COM BX	BX	16,594	$2.5m0.24%	0.24%	Added +77	+77 0.5%
52	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,336	$2.5m0.23%	0.23%	Added +551	+551 7.1%
53	MERCK & CO INC COM MRK	MRK	29,396	$2.3m0.22%	0.22%	Added +21	+21 0.1%
54	RTX CORPORATION COM RTX	RTX	14,559	$2.1m0.20%	0.20%	Reduced -166	-166 -1.1%
55	ISHARES TR CORE S&P SCP ETF IJR	IJR	19,210	$2.1m0.20%	0.20%	Reduced -1.1k	-1,118 -5.5%
56	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,311	$2.0m0.19%	0.19%	Unchanged
57	SERVICENOW INC COM NOW	NOW	1,988	$2.0m0.19%	0.19%	Unchanged
58	MASTERCARD INCORPORATED CL A MA	MA	3,612	$2.0m0.19%	0.19%	Added +156	+156 4.5%
59	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	16,930	$1.9m0.18%	0.18%	Reduced -743	-743 -4.2%
60	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	3,730	$1.9m0.18%	0.18%	Reduced -30	-30 -0.8%
61	NETFLIX INC COM NFLX	NFLX	1,410	$1.9m0.18%	0.18%	Added +78	+78 5.9%
62	STARBUCKS CORP COM SBUX	SBUX	19,810	$1.8m0.17%	0.17%	Reduced -7	-7 -0.0%
63	CAMDEN NATL CORP COM CAC	CAC	44,434	$1.8m0.17%	0.17%	Reduced -384	-384 -0.9%
64	HOME DEPOT INC COM HD	HD	4,676	$1.7m0.16%	0.16%	Added +28	+28 0.6%
65	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	33,958	$1.7m0.16%	0.16%	Reduced -3.9k	-3,871 -10.2%
66	DISNEY WALT CO COM DIS	DIS	13,251	$1.6m0.16%	0.16%	Reduced -1.9k	-1,875 -12.4%
67	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	13,936	$1.6m0.15%	0.15%	Reduced -267	-267 -1.9%
68	ALTRIA GROUP INC COM MO	MO	26,958	$1.6m0.15%	0.15%	Reduced -195	-195 -0.7%
69	ADAMS DIVERSIFIED EQUITY FD COM ADX	ADX	71,425	$1.6m0.15%	0.15%	New
70	PEPSICO INC COM PEP	PEP	11,590	$1.5m0.14%	0.14%	Reduced -450	-450 -3.7%
71	M & T BK CORP COM MTB	MTB	7,807	$1.5m0.14%	0.14%	Added +7	+7 0.1%
72	CISCO SYS INC COM CSCO	CSCO	21,065	$1.5m0.14%	0.14%	Reduced -284	-284 -1.3%
73	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,624	$1.4m0.14%	0.14%	Added +648	+648 32.8%
74	ISHARES TR CORE S&P500 ETF IVV	IVV	2,292	$1.4m0.13%	0.13%	Added +55	+55 2.5%
75	MONDELEZ INTL INC CL A MDLZ	MDLZ	20,920	$1.4m0.13%	0.13%	Reduced -1.6k	-1,565 -7.0%
76	NEXTERA ENERGY INC COM NEE	NEE	19,891	$1.4m0.13%	0.13%	Reduced -378	-378 -1.9%
77	ISHARES INC MSCI EMRG CHN EMXC	EMXC	21,828	$1.4m0.13%	0.13%	Reduced -2.9k	-2,942 -11.9%
78	DEERE & CO COM DE	DE	2,675	$1.4m0.13%	0.13%	Reduced -113	-113 -4.0%
79	UNITEDHEALTH GROUP INC COM UNH	UNH	4,321	$1.3m0.13%	0.13%	Reduced -2.0k	-1,995 -31.6%
80	MICROSTRATEGY INC CL A NEW MSTR	MSTR	3,190	$1.3m0.12%	0.12%	Added +12	+12 0.4%
81	NUCOR CORP COM NUE	NUE	9,646	$1.2m0.12%	0.12%	Added +202	+202 2.1%
82	COCA COLA CO COM KO	KO	17,370	$1.2m0.12%	0.12%	Reduced -14	-14 -0.1%
83	BLACKROCK INC COM BLK	BLK	1,129	$1.2m0.11%	0.11%	Reduced -128	-128 -10.2%
84	PALO ALTO NETWORKS INC COM PANW	PANW	5,740	$1.2m0.11%	0.11%	Reduced -70	-70 -1.2%
85	EATON CORP PLC SHS ETN	ETN	3,164	$1.1m0.11%	0.11%	Added +30	+30 1.0%
86	IDEXX LABS INC COM IDXX	IDXX	2,080	$1.1m0.11%	0.11%	Reduced -41	-41 -1.9%
87	NORTHROP GRUMMAN CORP COM NOC	NOC	2,207	$1.1m0.10%	0.10%	Reduced -132	-132 -5.6%
88	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	22,596	$1.0m0.10%	0.10%	Reduced -2.7k	-2,709 -10.7%
89	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	8,030	$1.0m0.10%	0.10%	Reduced -572	-572 -6.7%
90	ADOBE INC COM ADBE	ADBE	2,620	$1.0m0.10%	0.10%	Reduced -31	-31 -1.2%
91	SOFI TECHNOLOGIES INC COM SOFI	SOFI	54,138	$985.9k0.09%	0.09%	Added +5.8k	+5,800 12.0%
92	SPDR SER TR S&P HOMEBUILD XHB	XHB	9,456	$932.0k0.09%	0.09%	Reduced -67	-67 -0.7%
93	CARRIER GLOBAL CORPORATION COM CARR	CARR	12,617	$923.4k0.09%	0.09%	Unchanged
94	SOUTHERN CO COM SO	SO	9,878	$907.1k0.09%	0.09%	Added +26	+26 0.3%
95	QUALCOMM INC COM QCOM	QCOM	5,644	$898.9k0.09%	0.09%	Reduced -18	-18 -0.3%
96	SNOWFLAKE INC CL A SNOW	SNOW	4,012	$897.8k0.09%	0.09%	Reduced -666	-666 -14.2%
97	CATERPILLAR INC COM CAT	CAT	2,271	$881.7k0.08%	0.08%	Reduced -21	-21 -0.9%
98	VERIZON COMMUNICATIONS INC COM VZ	VZ	19,973	$864.2k0.08%	0.08%	Added +1.8k	+1,764 9.7%
99	NOVARTIS AG SPONSORED ADR NVS	NVS	7,112	$860.6k0.08%	0.08%	Added +46	+46 0.7%
100	ISHARES TR ISHARES BIOTECH IBB	IBB	6,583	$832.8k0.08%	0.08%	Reduced -2.7k	-2,740 -29.4%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
NIKE INC NKE	NKE	9,332	$592.4k9.3k shares
PIMCO ETF TR LDUR	LDUR	3,814	$366.0k3.8k shares
SPDR SER TR SPAB	SPAB	14,062	$359.1k14.1k shares
BARRICK GOLD CORP		18,421	$358.1k18.4k shares
PIMCO ETF TR MINT	MINT	2,699	$271.6k2.7k shares
GLOBAL X FDS PAVE	PAVE	6,314	$238.2k6.3k shares
DANAHER CORPORATION DHR	DHR	1,124	$230.4k1.1k shares
ISHARES TR SMMD	SMMD	3,600	$225.1k3.6k shares
INMODE LTD INMD	INMD	12,356	$219.2k12.4k shares
VANGUARD BD INDEX FDS BND	BND	2,971	$218.2k3.0k shares
SYSCO CORP SYY	SYY	2,823	$211.8k2.8k shares
SELECT SECTOR SPDR TR XLI	XLI	1,593	$208.8k1.6k shares
ACCENTURE PLC IRELAND ACN	ACN	663	$206.8k663 shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
GRAB HOLDINGS LIMITED GRAB · Call	GRAB	Call	16,500	$7.2k16.5k shares	Added
INVESCO QQQ TR QQQ · Call	QQQ	Call	30,000	$4.1k30.0k shares	New