HM Payson & Co Portfolio holdings
H.M. Payson & Co. is an investment and trust firm founded in 1854 by Henry Martyn Payson, a Portland native who started as a stock and bond broker after returning from the California gold rush. Water utilities were its early specialty: Payson first dealt in water bonds in 1866, as the Portland Water Company took shape, the firm underwrote water bond issues until 1981, and in 1926 two of its partners and five outsiders formed a water utility holding company, Consumer's Water Company, which Payson stayed connected to until 1999. For clients' money it stuck to cautious, blue-chip securities, and in the 1920s it refused to offer margin accounts even though it lost half of its brokerage business in 1928 as a result. The firm later moved trust management from commissions to a fee, and in 2000 it received a state charter to operate as a trust company.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$19.4M |
| 2 |
Johnson Controls International
JCI
|
+$10.9M |
| 3 |
Viatris
VTRS
|
+$7.79M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$6.25M |
| 5 |
Amgen
AMGN
|
+$5.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Accenture
ACN
|
+$24.1M |
| 2 |
Aptiv
APTV
|
+$22.4M |
| 3 |
Apple
AAPL
|
+$7.28M |
| 4 |
Cummins
CMI
|
+$7.05M |
| 5 |
Polaris
PII
|
+$5.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.62% |
| 2 | Healthcare | 14.87% |
| 3 | Financials | 13.77% |
| 4 | Miscellaneous | 12.87% |
| 5 | Industrials | 11.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$681B
| $75.6M | 3.41% |
571,430
-4,071
| -0.7% | -$519K |
2013 Q2
16 quarters
|
|
2
ExxonMobil
XOM
$684B
| $71.6M | 3.23% |
887,224
-8,188
| -0.9% | -$670K |
2013 Q2
16 quarters
|
|
|
3
Apple
AAPL
$5.19T
| $70.7M | 3.19% |
1,964,304
-196,844
| -9% | -$7.28M |
2013 Q2
16 quarters
|
|
4
Microsoft
MSFT
$3.88T
| $62.2M | 2.8% |
902,059
-1,794
| -0.2% | -$123K |
2013 Q2
16 quarters
|
|
5
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.6B
| $57.8M | 2.61% |
1,097,646
+53,346
| +5% | +$2.81M |
2013 Q2
16 quarters
|
|
6
McDonald's
MCD
$196B
| $51M | 2.3% |
332,708
-7,188
| -2% | -$1.04M |
2013 Q2
16 quarters
|
|
7
Pfizer
PFE
$167B
| $50.6M | 2.28% |
1,587,258
-726
| -0% | -$22.9K |
2013 Q2
16 quarters
|
|
8
RTX Corp
RTX
$273B
| $48.9M | 2.21% |
636,770
-5,343
| -0.8% | -$400K |
2013 Q2
16 quarters
|
|
|
9
Vanguard FTSE Developed Markets ETF
VEA
$230B
| $48.9M | 2.2% |
1,182,850
+153,260
| +15% | +$6.25M |
2013 Q2
16 quarters
|
|
|
10
Alphabet (Google) Class C
GOOG
$3.59T
| $47.5M | 2.14% |
1,045,980
+423,080
| +68% | +$19.4M |
2013 Q2
16 quarters
|
|
11
JPMorgan Chase
JPM
$916B
| $45.6M | 2.05% |
498,541
+8,157
| +2% | +$704K |
2013 Q2
16 quarters
|
|
12
Intel
INTC
$325B
| $44.7M | 2.01% |
1,324,151
+6,222
| +0.5% | +$223K |
2013 Q2
16 quarters
|
|
13
General Dynamics
GD
$99.3B
| $41.6M | 1.87% |
209,809
-7,751
| -4% | -$1.52M |
2013 Q2
16 quarters
|
|
14
Procter & Gamble
PG
$393B
| $41.5M | 1.87% |
476,712
-3,817
| -0.8% | -$336K |
2013 Q2
16 quarters
|
|
15
Abbott
ABT
$190B
| $38.7M | 1.75% |
796,550
-10,986
| -1% | -$497K |
2013 Q2
16 quarters
|
|
16
Wells Fargo
WFC
$260B
| $38.6M | 1.74% |
696,257
+71
| +0% | +$3.8K |
2013 Q2
16 quarters
|
|
17
Berkshire Hathaway Class B
BRK.B
$1.26T
| $35.8M | 1.61% |
211,215
+1,575
| +0.8% | +$262K |
2013 Q2
16 quarters
|
|
18
TJX Companies
TJX
$150B
| $31.3M | 1.41% |
868,358
-8,784
| -1% | -$331K |
2013 Q2
16 quarters
|
|
19
Aflac
AFL
$63.4B
| $30.5M | 1.37% |
785,084
-1,824
| -0.2% | -$68.5K |
2013 Q2
16 quarters
|
|
|
20
Amgen
AMGN
$254B
| $30.2M | 1.36% |
175,493
+34,994
| +25% | +$5.69M |
2013 Q2
16 quarters
|
|
21
IBM
IBM
$232B
| $30M | 1.35% |
203,683
+828
| +0.4% | +$125K |
2013 Q2
16 quarters
|
|
22
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $29.4M | 1.33% |
720,700
+87,719
| +14% | +$3.56M |
2013 Q2
16 quarters
|
|
23
Oracle
ORCL
$392B
| $29.3M | 1.32% |
583,638
-1,307
| -0.2% | -$59.6K |
2013 Q2
16 quarters
|
|
24
Qualcomm
QCOM
$192B
| $29.1M | 1.31% |
526,667
+6,103
| +1% | +$341K |
2013 Q3
15 quarters
|
|
25
Cisco
CSCO
$395B
| $28.9M | 1.3% |
923,146
+12,244
| +1% | +$399K |
2013 Q2
16 quarters
|
|
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HM Payson & Co's Q2 2017 Portfolio in Review
As of Q2 2017, HM Payson & Co held 354 positions worth $2.22B, up 1.2% from $2.19B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
HM Payson & Co's Q2 2017 filing shows 16 new, 70 increased, 157 reduced and 12 closed positions. Its largest new stake was Johnson Controls International: 260,678 shares worth $11.3M. The largest sale was Accenture, an estimated $24.1M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Healthcare and Financials.
- HM Payson & Co's largest Q2 2017 buy was Johnson Controls International: 260,678 shares worth $11.3M.
- HM Payson & Co added most to Alphabet (Google) Class C in Q2 2017, an estimated $19.4M increase.
- HM Payson & Co's biggest Q2 2017 reduction was Apple, cutting an estimated $7.28M.
- HM Payson & Co fully exited Accenture in Q2 2017, selling an estimated $24.1M.
- HM Payson & Co's ten largest holdings make up 26% of its $2.22B portfolio in Q2 2017.
- HM Payson & Co opened 16 new positions and closed 12 in Q2 2017.
- HM Payson & Co's portfolio value rose 1.2% quarter-over-quarter to $2.22B.
Based on HM Payson & Co's 13F filing for Q2 2017, filed 4 Aug 2017.