MEANS INVESTMENT CO., INC.

BANGOR, ME · CIK 701516 · 13F filing filed 2026-01-26

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 +2.7% vs Q3 2025

182positions

61.5%in top 10

5 new 66 added 99 reduced 11 sold out vs Q3 2025

Options: 4 call positions ($13.3k notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q4 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	335,586	$210.5m17.73%	17.73%	Added +22.3k	+22,314 7.1%
2	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	1,268,790	$93.3m7.86%	7.86%	Added +32.3k	+32,300 2.6%
3	INVESCO EXCHANGE TRADED FD T S&P 500 TOP 50 XLG	XLG	1,464,216	$86.8m7.31%	7.31%	Added +67.9k	+67,933 4.9%
4	APPLE INC COM AAPL	AAPL	298,672	$81.2m6.84%	6.84%	Reduced -4.7k	-4,726 -1.6%
5	MICROSOFT CORP COM MSFT	MSFT	101,691	$49.2m4.14%	4.14%	Added +2.1k	+2,084 2.1%
6	NVIDIA CORPORATION COM NVDA	NVDA	262,528	$49.0m4.12%	4.12%	Added +3.2k	+3,241 1.2%
7	AMAZON COM INC COM AMZN	AMZN	189,568	$43.8m3.69%	3.69%	Reduced -951	-951 -0.5%
8	AMERICAN CENTY ETF TR US SML CP VALU AVUV	AVUV	396,604	$40.4m3.41%	3.41%	Added +8.2k	+8,152 2.1%
9	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	96,686	$39.9m3.36%	3.36%	Reduced -2.1k	-2,052 -2.1%
10	ISHARES TR MRGSTR MD CP ETF IMCB	IMCB	428,013	$35.4m2.98%	2.98%	Added +17.0k	+16,966 4.1%
11	ALPHABET INC CAP STK CL C GOOG	GOOG	86,117	$27.0m2.28%	2.28%	Reduced -3.5k	-3,501 -3.9%
12	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	158,157	$24.5m2.06%	2.06%	Reduced -7.3k	-7,338 -4.4%
13	J P MORGAN EXCHANGE TRADED F ACTIVE BOND ETF JBND	JBND	424,830	$23.0m1.94%	1.94%	Added +24.8k	+24,819 6.2%
14	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	277,199	$21.1m1.78%	1.78%	New
15	META PLATFORMS INC CL A META	META	31,383	$20.7m1.75%	1.75%	Added +1.1k	+1,056 3.5%
16	JPMORGAN CHASE & CO COM JPM	JPM	63,237	$20.4m1.72%	1.72%	Reduced -1.4k	-1,382 -2.1%
17	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	139,783	$19.7m1.66%	1.66%	Reduced -4.6k	-4,610 -3.2%
18	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	84,577	$15.0m1.27%	1.27%	Reduced -2.2k	-2,173 -2.5%
19	TESLA INC COM TSLA	TSLA	26,540	$11.9m1.01%	1.01%	Reduced -55	-55 -0.2%
20	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	215,577	$11.8m0.99%	0.99%	Added +6.9k	+6,905 3.3%
21	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	20,561	$10.3m0.87%	0.87%	Reduced -365	-365 -1.7%
22	LAM RESEARCH CORP COM NEW LRCX	LRCX	58,411	$10.0m0.84%	0.84%	Reduced -660	-660 -1.1%
23	BROADCOM INC COM AVGO	AVGO	25,770	$8.9m0.75%	0.75%	Added +1.5k	+1,532 6.3%
24	BERKLEY W R CORP COM WRB	WRB	126,465	$8.9m0.75%	0.75%	Added +2	+2 0.0%
25	ORACLE CORP COM ORCL	ORCL	33,580	$6.5m0.55%	0.55%	Reduced -272	-272 -0.8%
26	BANK AMERICA CORP COM BAC	BAC	118,629	$6.5m0.55%	0.55%	Reduced -683	-683 -0.6%
27	VISA INC COM CL A V	V	17,956	$6.3m0.53%	0.53%	Added +119	+119 0.7%
28	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	17,050	$6.1m0.52%	0.52%	Added +1.8k	+1,783 11.7%
29	CHEVRON CORP NEW COM CVX	CVX	38,793	$5.9m0.50%	0.50%	Reduced -3.7k	-3,712 -8.7%
30	ALPHABET INC CAP STK CL A GOOGL	GOOGL	18,617	$5.8m0.49%	0.49%	Reduced -13	-13 -0.1%
31	ISHARES TR U.S. MED DVC ETF IHI	IHI	93,165	$5.8m0.49%	0.49%	Reduced -1.8k	-1,766 -1.9%
32	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	38,572	$5.5m0.47%	0.47%	Reduced -435	-435 -1.1%
33	ABBVIE INC COM ABBV	ABBV	24,030	$5.5m0.46%	0.46%	Reduced -1.4k	-1,445 -5.7%
34	WALMART INC COM WMT	WMT	47,343	$5.3m0.44%	0.44%	Reduced -543	-543 -1.1%
35	PHILIP MORRIS INTL INC COM PM	PM	31,311	$5.0m0.42%	0.42%	Reduced -284	-284 -0.9%
36	ELI LILLY & CO COM LLY	LLY	4,666	$5.0m0.42%	0.42%	Reduced -564	-564 -10.8%
37	JOHNSON & JOHNSON COM JNJ	JNJ	21,890	$4.5m0.38%	0.38%	Reduced -1.6k	-1,601 -6.8%
38	SALESFORCE INC COM CRM	CRM	15,730	$4.2m0.35%	0.35%	Reduced -2.0k	-1,982 -11.2%
39	SCHWAB CHARLES CORP COM SCHW	SCHW	40,397	$4.0m0.34%	0.34%	Reduced -1.9k	-1,924 -4.5%
40	EXXON MOBIL CORP COM XOM	XOM	32,946	$4.0m0.33%	0.33%	Reduced -172	-172 -0.5%
41	GOLDMAN SACHS GROUP INC COM GS	GS	4,376	$3.8m0.32%	0.32%	Reduced -68	-68 -1.5%
42	ABBOTT LABS COM ABT	ABT	28,286	$3.5m0.30%	0.30%	Reduced -931	-931 -3.2%
43	UBER TECHNOLOGIES INC COM UBER	UBER	41,610	$3.4m0.29%	0.29%	Added +245	+245 0.6%
44	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	5,568	$3.4m0.28%	0.28%	Reduced -387	-387 -6.5%
45	TJX COS INC NEW COM TJX	TJX	21,525	$3.3m0.28%	0.28%	Added +9	+9 0.0%
46	PROCTER AND GAMBLE CO COM PG	PG	22,712	$3.3m0.27%	0.27%	Reduced -4.3k	-4,300 -15.9%
47	MERCK & CO INC COM MRK	MRK	29,024	$3.1m0.26%	0.26%	Reduced -199	-199 -0.7%
48	NETFLIX INC COM NFLX	NFLX	31,275	$2.9m0.25%	0.25%	Added +6.7k	+6,675 27.1%
49	ISHARES TR S&P 100 ETF OEF	OEF	8,492	$2.9m0.25%	0.25%	Added +55	+55 0.7%
50	MCDONALDS CORP COM MCD	MCD	9,181	$2.8m0.24%	0.24%	Added +196	+196 2.2%
51	RTX CORPORATION COM RTX	RTX	14,921	$2.7m0.23%	0.23%	Reduced -941	-941 -5.9%
52	BLACKSTONE INC COM BX	BX	16,761	$2.6m0.22%	0.22%	Added +104	+104 0.6%
53	MASTERCARD INCORPORATED CL A MA	MA	4,095	$2.3m0.20%	0.20%	Added +67	+67 1.7%
54	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	131,452	$2.3m0.20%	0.20%	Added +1.9k	+1,860 1.4%
55	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	15,360	$2.3m0.19%	0.19%	Reduced -148	-148 -0.9%
56	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	7,466	$2.2m0.19%	0.19%	Reduced -724	-724 -8.8%
57	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	13,203	$2.1m0.18%	0.18%	Added +55	+55 0.4%
58	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	36,041	$2.1m0.17%	0.17%	Reduced -9.0k	-8,985 -20.0%
59	ISHARES TR CORE S&P SCP ETF IJR	IJR	17,137	$2.1m0.17%	0.17%	Reduced -617	-617 -3.5%
60	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,004	$2.0m0.17%	0.17%	Reduced -137	-137 -4.4%
61	CAMDEN NATL CORP COM CAC	CAC	43,618	$1.9m0.16%	0.16%	Reduced -479	-479 -1.1%
62	PIMCO ETF TR MULTISECTOR BD PYLD	PYLD	68,064	$1.8m0.15%	0.15%	Added +43.0k	+43,025 171.8%
63	HOME DEPOT INC COM HD	HD	4,705	$1.6m0.14%	0.14%	Reduced -23	-23 -0.5%
64	NUCOR CORP COM NUE	NUE	9,649	$1.6m0.13%	0.13%	Added +2	+2 0.0%
65	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	3,356	$1.6m0.13%	0.13%	Reduced -34	-34 -1.0%
66	ALTRIA GROUP INC COM MO	MO	26,762	$1.5m0.13%	0.13%	Reduced -243	-243 -0.9%
67	PEPSICO INC COM PEP	PEP	10,686	$1.5m0.13%	0.13%	Reduced -441	-441 -4.0%
68	CISCO SYS INC COM CSCO	CSCO	19,817	$1.5m0.13%	0.13%	Reduced -1.1k	-1,080 -5.2%
69	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,481	$1.5m0.13%	0.13%	Reduced -3	-3 -0.1%
70	CAMECO CORP COM CCJ	CCJ	16,642	$1.5m0.13%	0.13%	Added +3.3k	+3,322 24.9%
71	NEXTERA ENERGY INC COM NEE	NEE	18,748	$1.5m0.13%	0.13%	Reduced -868	-868 -4.4%
72	M & T BK CORP COM MTB	MTB	7,320	$1.5m0.12%	0.12%	Reduced -440	-440 -5.7%
73	ADAMS DIVERSIFIED EQUITY FD COM ADX	ADX	62,535	$1.5m0.12%	0.12%	Reduced -8.9k	-8,890 -12.4%
74	ISHARES TR CORE S&P500 ETF IVV	IVV	2,063	$1.4m0.12%	0.12%	Reduced -74	-74 -3.5%
75	STARBUCKS CORP COM SBUX	SBUX	16,772	$1.4m0.12%	0.12%	Reduced -1.8k	-1,828 -9.8%
76	SOFI TECHNOLOGIES INC COM SOFI	SOFI	52,108	$1.4m0.11%	0.11%	Added +700	+700 1.4%
77	SERVICENOW INC COM NOW	NOW	8,579	$1.3m0.11%	0.11%	Reduced -81	-81 -0.9%
78	IDEXX LABS INC COM IDXX	IDXX	1,843	$1.2m0.11%	0.11%	Unchanged
79	CATERPILLAR INC COM CAT	CAT	2,153	$1.2m0.10%	0.10%	Reduced -122	-122 -5.4%
80	DISNEY WALT CO COM DIS	DIS	10,759	$1.2m0.10%	0.10%	Reduced -2.2k	-2,188 -16.9%
81	COCA COLA CO COM KO	KO	17,430	$1.2m0.10%	0.10%	Added +78	+78 0.5%
82	MICRON TECHNOLOGY INC COM MU	MU	4,115	$1.2m0.10%	0.10%	Reduced -145	-145 -3.4%
83	ISHARES INC MSCI EMRG CHN EMXC	EMXC	16,056	$1.2m0.10%	0.10%	Reduced -3.1k	-3,055 -16.0%
84	BLACKROCK INC COM BLK	BLK	1,063	$1.1m0.10%	0.10%	Reduced -61	-61 -5.4%
85	NORTHROP GRUMMAN CORP COM NOC	NOC	1,847	$1.1m0.09%	0.09%	Reduced -127	-127 -6.4%
86	MONDELEZ INTL INC CL A MDLZ	MDLZ	18,980	$1.0m0.09%	0.09%	Reduced -937	-937 -4.7%
87	VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF VT	VT	7,087	$999.6k0.08%	0.08%	Reduced -142	-142 -2.0%
88	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	18,044	$973.3k0.08%	0.08%	Reduced -3.5k	-3,510 -16.3%
89	ISHARES TR ISHARES BIOTECH IBB	IBB	5,754	$971.2k0.08%	0.08%	Reduced -323	-323 -5.3%
90	EATON CORP PLC SHS ETN	ETN	3,023	$962.7k0.08%	0.08%	Added +3	+3 0.1%
91	PALO ALTO NETWORKS INC COM PANW	PANW	5,024	$925.5k0.08%	0.08%	Reduced -72	-72 -1.4%
92	ADOBE INC COM ADBE	ADBE	2,620	$917.0k0.08%	0.08%	Unchanged
93	NOVARTIS AG SPONSORED ADR NVS	NVS	6,587	$908.2k0.08%	0.08%	Unchanged
94	QUALCOMM INC COM QCOM	QCOM	5,116	$875.1k0.07%	0.07%	Reduced -480	-480 -8.6%
95	SPDR SER TR S&P HOMEBUILD XHB	XHB	8,274	$851.9k0.07%	0.07%	Reduced -1.0k	-1,044 -11.2%
96	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	1,728	$843.1k0.07%	0.07%	Added +5	+5 0.3%
97	SNOWFLAKE INC CL A SNOW	SNOW	3,816	$837.0k0.07%	0.07%	Reduced -107	-107 -2.7%
98	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,901	$835.4k0.07%	0.07%	Reduced -103	-103 -2.6%
99	DEERE & CO COM DE	DE	1,754	$816.4k0.07%	0.07%	Reduced -647	-647 -26.9%
100	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	19,523	$787.8k0.07%	0.07%	Reduced -666.9k	-666,925 -97.2%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
SELECT SECTOR SPDR TR XLB	XLB	10,082	$451.8k10.1k shares
ALLSTATE CORP ALL	ALL	1,799	$386.1k1.8k shares
CAPITAL ONE FINL CORP COF	COF	1,276	$271.3k1.3k shares
COINBASE GLOBAL INC COIN	COIN	784	$264.6k784 shares
WEYERHAEUSER CO MTN BE WY	WY	10,329	$256.0k10.3k shares
TEXAS INSTRS INC TXN	TXN	1,333	$244.9k1.3k shares
KROGER CO KR	KR	3,600	$242.7k3.6k shares
CHARTER COMMUNICATIONS INC N CHTR	CHTR	844	$232.2k844 shares
KIMBERLY-CLARK CORP KMB	KMB	1,825	$227.0k1.8k shares
SYSCO CORP SYY	SYY	2,521	$207.6k2.5k shares
WHEELS UP EXPERIENCE INC		12,000	$22.1k12.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TERAWULF INC WULF · Call	WULF	Call	11,100	$7.5k11.1k shares	New
GRAB HOLDINGS LIMITED GRAB · Call	GRAB	Call	30,500	$2.8k30.5k shares	New
FORD MTR CO F · Call	F	Call	10,000	$1.8k10.0k shares	New
PFIZER INC PFE · Call	PFE	Call	14,100	$1.2k14.1k shares	New