MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2025-11-06

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

$1.2bn reported value +9.5% vs Q2 2025

188positions

59.9%in top 10

6 new 61 added 105 reduced 7 sold out vs Q2 2025

Options: 1 call positions ($5.5k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q3 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	313,272	$191.8m16.60%	16.60%	Added +9.3k	+9,299 3.1%
2	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	1,236,490	$88.2m7.64%	7.64%	Added +70.1k	+70,101 6.0%
3	INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 XLG	XLG	1,396,283	$80.3m6.95%	6.95%	Added +35.4k	+35,355 2.6%
4	APPLE INC COM AAPL	AAPL	303,398	$77.3m6.69%	6.69%	Reduced -16.7k	-16,694 -5.2%
5	MICROSOFT CORP COM MSFT	MSFT	99,607	$51.6m4.47%	4.47%	Reduced -1.0k	-1,042 -1.0%
6	NVIDIA CORPORATION COM NVDA	NVDA	259,287	$48.4m4.19%	4.19%	Reduced -15.7k	-15,665 -5.7%
7	AMAZON COM INC COM AMZN	AMZN	190,519	$41.8m3.62%	3.62%	Reduced -4.7k	-4,728 -2.4%
8	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	98,738	$39.7m3.44%	3.44%	Reduced -7.3k	-7,262 -6.8%
9	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	388,452	$38.7m3.35%	3.35%	Added +28.2k	+28,194 7.8%
10	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	411,047	$34.1m2.95%	2.95%	Added +92.0k	+91,994 28.8%
11	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	686,448	$28.9m2.50%	2.50%	Added +81.3k	+81,340 13.4%
12	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	165,495	$23.0m1.99%	1.99%	Added +22.9k	+22,943 16.1%
13	META PLATFORMS INC CL A META	META	30,327	$22.3m1.93%	1.93%	Reduced -1.1k	-1,146 -3.6%
14	ALPHABET INC CAP STK CL C GOOG	GOOG	89,618	$21.8m1.89%	1.89%	Reduced -4.8k	-4,800 -5.1%
15	J P MORGAN EXCHANGE TRADED F ACTIVE BOND ETF JBND	JBND	400,011	$21.7m1.88%	1.88%	Added +35.9k	+35,894 9.9%
16	JPMORGAN CHASE & CO COM JPM	JPM	64,619	$20.4m1.76%	1.76%	Added +596	+596 0.9%
17	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	144,393	$19.9m1.72%	1.72%	Reduced -19.0k	-19,014 -11.6%
18	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	86,750	$15.8m1.37%	1.37%	Reduced -1.1k	-1,127 -1.3%
19	TESLA INC COM TSLA	TSLA	26,595	$11.8m1.02%	1.02%	Added +143	+143 0.5%
20	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	208,672	$11.2m0.97%	0.97%	Added +27.6k	+27,629 15.3%
21	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	20,926	$10.5m0.91%	0.91%	Added +761	+761 3.8%
22	BERKLEY W R CORP COM WRB	WRB	126,463	$9.7m0.84%	0.84%	Added +1	+1 0.0%
23	ORACLE CORP COM ORCL	ORCL	33,852	$9.5m0.82%	0.82%	Added +109	+109 0.3%
24	BROADCOM INC COM AVGO	AVGO	24,238	$8.0m0.69%	0.69%	Added +3.7k	+3,683 17.9%
25	LAM RESEARCH CORP COM NEW LRCX	LRCX	59,071	$7.9m0.68%	0.68%	Reduced -2.3k	-2,321 -3.8%
26	CHEVRON CORP NEW COM CVX	CVX	42,505	$6.6m0.57%	0.57%	Reduced -1.2k	-1,242 -2.8%
27	BANK AMERICA CORP COM BAC	BAC	119,312	$6.2m0.53%	0.53%	Reduced -3.6k	-3,596 -2.9%
28	VISA INC COM CL A V	V	17,837	$6.1m0.53%	0.53%	Added +474	+474 2.7%
29	ABBVIE INC COM ABBV	ABBV	25,475	$5.9m0.51%	0.51%	Reduced -1.4k	-1,376 -5.1%
30	ISHARES TR U.S. MED DVC ETF IHI	IHI	94,931	$5.7m0.49%	0.49%	Reduced -7.5k	-7,500 -7.3%
31	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	39,007	$5.5m0.48%	0.48%	Reduced -5.0k	-4,950 -11.3%
32	PHILIP MORRIS INTL INC COM PM	PM	31,595	$5.1m0.44%	0.44%	Reduced -353	-353 -1.1%
33	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	15,267	$5.0m0.43%	0.43%	Reduced -1.5k	-1,460 -8.7%
34	WALMART INC COM WMT	WMT	47,886	$4.9m0.43%	0.43%	Reduced -4.0k	-4,013 -7.7%
35	ALPHABET INC CAP STK CL A GOOGL	GOOGL	18,630	$4.5m0.39%	0.39%	Reduced -1.7k	-1,670 -8.2%
36	JOHNSON & JOHNSON COM JNJ	JNJ	23,491	$4.4m0.38%	0.38%	Added +130	+130 0.6%
37	SALESFORCE INC COM CRM	CRM	17,712	$4.2m0.36%	0.36%	Reduced -3.0k	-2,993 -14.5%
38	PROCTER AND GAMBLE CO COM PG	PG	27,012	$4.2m0.36%	0.36%	Reduced -472	-472 -1.7%
39	UBER TECHNOLOGIES INC COM UBER	UBER	41,365	$4.1m0.35%	0.35%	Reduced -2.6k	-2,575 -5.9%
40	SCHWAB CHARLES CORP COM SCHW	SCHW	42,321	$4.0m0.35%	0.35%	Reduced -2.6k	-2,553 -5.7%
41	ELI LILLY & CO COM LLY	LLY	5,230	$4.0m0.35%	0.35%	Added +209	+209 4.2%
42	ABBOTT LABS COM ABT	ABT	29,217	$3.9m0.34%	0.34%	Reduced -745	-745 -2.5%
43	EXXON MOBIL CORP COM XOM	XOM	33,118	$3.7m0.32%	0.32%	Added +1.4k	+1,385 4.4%
44	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	5,955	$3.5m0.31%	0.31%	Reduced -8.5k	-8,454 -58.7%
45	GOLDMAN SACHS GROUP INC COM GS	GS	4,444	$3.5m0.31%	0.31%	Reduced -545	-545 -10.9%
46	TJX COS INC NEW COM TJX	TJX	21,516	$3.1m0.27%	0.27%	Added +9	+9 0.0%
47	NETFLIX INC COM NFLX	NFLX	2,460	$2.9m0.26%	0.26%	Added +1.1k	+1,050 74.5%
48	BLACKSTONE INC COM BX	BX	16,657	$2.8m0.25%	0.25%	Added +63	+63 0.4%
49	ISHARES TR S&P 100 ETF OEF	OEF	8,437	$2.8m0.24%	0.24%	Reduced -1.5k	-1,481 -14.9%
50	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	15,508	$2.8m0.24%	0.24%	Reduced -1.4k	-1,422 -8.4%
51	MCDONALDS CORP COM MCD	MCD	8,985	$2.7m0.24%	0.24%	Reduced -655	-655 -6.8%
52	RTX CORPORATION COM RTX	RTX	15,862	$2.7m0.23%	0.23%	Added +1.3k	+1,303 8.9%
53	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	45,026	$2.6m0.22%	0.22%	Reduced -5.3k	-5,258 -10.5%
54	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	129,592	$2.6m0.22%	0.22%	Reduced -14.0k	-14,009 -9.8%
55	MERCK & CO INC COM MRK	MRK	29,223	$2.5m0.21%	0.21%	Reduced -173	-173 -0.6%
56	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	8,190	$2.3m0.20%	0.20%	Reduced -146	-146 -1.8%
57	MASTERCARD INCORPORATED CL A MA	MA	4,028	$2.3m0.20%	0.20%	Added +416	+416 11.5%
58	ISHARES TR CORE S&P SCP ETF IJR	IJR	17,754	$2.1m0.18%	0.18%	Reduced -1.5k	-1,456 -7.6%
59	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,141	$2.1m0.18%	0.18%	Reduced -170	-170 -5.1%
60	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	13,148	$2.0m0.17%	0.17%	Reduced -788	-788 -5.7%
61	HOME DEPOT INC COM HD	HD	4,728	$1.9m0.17%	0.17%	Added +52	+52 1.1%
62	ALTRIA GROUP INC COM MO	MO	27,005	$1.8m0.15%	0.15%	Added +47	+47 0.2%
63	CAMDEN NATL CORP COM CAC	CAC	44,097	$1.7m0.15%	0.15%	Reduced -337	-337 -0.8%
64	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	3,390	$1.7m0.14%	0.14%	Reduced -340	-340 -9.1%
65	SERVICENOW INC COM NOW	NOW	1,732	$1.6m0.14%	0.14%	Reduced -256	-256 -12.9%
66	ADAMS DIVERSIFIED EQUITY FD COM ADX	ADX	71,425	$1.6m0.14%	0.14%	Unchanged
67	STARBUCKS CORP COM SBUX	SBUX	18,600	$1.6m0.14%	0.14%	Reduced -1.2k	-1,210 -6.1%
68	PEPSICO INC COM PEP	PEP	11,127	$1.6m0.14%	0.14%	Reduced -463	-463 -4.0%
69	M & T BK CORP COM MTB	MTB	7,760	$1.5m0.13%	0.13%	Reduced -47	-47 -0.6%
70	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,484	$1.5m0.13%	0.13%	Reduced -140	-140 -5.3%
71	DISNEY WALT CO COM DIS	DIS	12,947	$1.5m0.13%	0.13%	Reduced -304	-304 -2.3%
72	NEXTERA ENERGY INC COM NEE	NEE	19,616	$1.5m0.13%	0.13%	Reduced -275	-275 -1.4%
73	HIMS & HERS HEALTH INC COM CL A HIMS	HIMS	25,602	$1.5m0.13%	0.13%	Reduced -8.4k	-8,356 -24.6%
74	ISHARES TR CORE S&P500 ETF IVV	IVV	2,137	$1.4m0.12%	0.12%	Reduced -155	-155 -6.8%
75	CISCO SYS INC COM CSCO	CSCO	20,897	$1.4m0.12%	0.12%	Reduced -168	-168 -0.8%
76	SOFI TECHNOLOGIES INC COM SOFI	SOFI	51,408	$1.4m0.12%	0.12%	Reduced -2.7k	-2,730 -5.0%
77	BLACKROCK INC COM BLK	BLK	1,124	$1.3m0.11%	0.11%	Reduced -5	-5 -0.4%
78	NUCOR CORP COM NUE	NUE	9,647	$1.3m0.11%	0.11%	Added +1	+1 0.0%
79	ISHARES INC MSCI EMRG CHN EMXC	EMXC	19,111	$1.3m0.11%	0.11%	Reduced -2.7k	-2,717 -12.4%
80	MONDELEZ INTL INC CL A MDLZ	MDLZ	19,917	$1.2m0.11%	0.11%	Reduced -1.0k	-1,003 -4.8%
81	NORTHROP GRUMMAN CORP COM NOC	NOC	1,974	$1.2m0.10%	0.10%	Reduced -233	-233 -10.6%
82	IDEXX LABS INC COM IDXX	IDXX	1,843	$1.2m0.10%	0.10%	Reduced -237	-237 -11.4%
83	COCA COLA CO COM KO	KO	17,352	$1.2m0.10%	0.10%	Reduced -18	-18 -0.1%
84	EATON CORP PLC SHS ETN	ETN	3,020	$1.1m0.10%	0.10%	Reduced -144	-144 -4.5%
85	CAMECO CORP COM CCJ	CCJ	13,320	$1.1m0.10%	0.10%	New
86	DEERE & CO COM DE	DE	2,401	$1.1m0.10%	0.10%	Reduced -274	-274 -10.2%
87	CATERPILLAR INC COM CAT	CAT	2,275	$1.1m0.09%	0.09%	Added +4	+4 0.2%
88	PALO ALTO NETWORKS INC COM PANW	PANW	5,096	$1.0m0.09%	0.09%	Reduced -644	-644 -11.2%
89	SPDR SER TR S&P HOMEBUILD XHB	XHB	9,318	$1.0m0.09%	0.09%	Reduced -138	-138 -1.5%
90	MICROSTRATEGY INC CL A NEW MSTR	MSTR	3,168	$1.0m0.09%	0.09%	Reduced -22	-22 -0.7%
91	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	7,229	$996.1k0.09%	0.09%	Reduced -801	-801 -10.0%
92	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	21,554	$972.1k0.08%	0.08%	Reduced -1.0k	-1,042 -4.6%
93	QUALCOMM INC COM QCOM	QCOM	5,596	$931.0k0.08%	0.08%	Reduced -48	-48 -0.8%
94	SOUTHERN CO COM SO	SO	9,752	$924.2k0.08%	0.08%	Reduced -126	-126 -1.3%
95	ADOBE INC COM ADBE	ADBE	2,620	$924.2k0.08%	0.08%	Unchanged
96	CVS HEALTH CORP COM CVS	CVS	11,904	$897.4k0.08%	0.08%	Added +25	+25 0.2%
97	SNOWFLAKE INC CL A SNOW	SNOW	3,923	$884.8k0.08%	0.08%	Reduced -89	-89 -2.2%
98	ISHARES TR ISHARES BIOTECH IBB	IBB	6,077	$877.4k0.08%	0.08%	Reduced -506	-506 -7.7%
99	VERIZON COMMUNICATIONS INC COM VZ	VZ	19,866	$873.1k0.08%	0.08%	Reduced -107	-107 -0.5%
100	NOVARTIS AG SPONSORED ADR NVS	NVS	6,587	$844.7k0.07%	0.07%	Reduced -525	-525 -7.4%

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
WALGREENS BOOTS ALLIANCE INC WBA	WBA	42,626	$489.3k42.6k shares
NOVO-NORDISK A S NVO	NVO	5,387	$371.8k5.4k shares
ISHARES TR EFA	EFA	3,121	$279.0k3.1k shares
PROSHARES TR II UCO	UCO	10,339	$231.7k10.3k shares
MARSH & MCLENNAN COS INC MRSH	MRSH	1,020	$222.9k1.0k shares
AMERIPRISE FINL INC AMP	AMP	391	$208.5k391 shares
INGREDION INC INGR	INGR	1,488	$201.8k1.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
VALE S A VALE · Call	VALE	Call	16,200	$5.5k16.2k shares	New