Bath Savings Trust Co

Fundamental diversified ★Signal CIK 1384943
League rank
#825
in Fundamental diversified · #6815 overall
Long book
$936.1M
Q1 2026
Positions
168
Top-10 weight
43%
concentration
Last quarter
+6.6%
SPY +14.8%
Turnover
7%
of book per quarter

Strategy in plain words

auto-generated from filings

Bath Savings Trust Co is a diversified fundamental manager, running a $936.1M US long book across 168 positions.

The portfolio is moderately concentrated (top 10 ≈ 43% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, TJX COMPANIES INC, ALPHABET INC-CL A, MASTERCARD INC - A, STRYKER CORP.

Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+7.6%
Q3 2024
-0.8%
Q4 2024
+0.2%
Q1 2025
+3.5%
Q2 2025
+3.0%
Q3 2025
+0.8%
Q4 2025
-5.5%
Q1 2026
+6.6%

Sector allocation

Technology
32%
Consumer discretionary
21%
Healthcare
12%
Services media
9%
Other
7%
Industrials
5%
Energy
4%
Utilities
3%

Long book by quarter

$942.1M
Q1 2024
$940.3M
Q2 2024
$1.01B
Q3 2024
$984.4M
Q4 2024
$966.8M
Q1 2025
$987.8M
Q2 2025
$1.01B
Q3 2025
$1.00B
Q4 2025
$936.1M
Q1 2026

What does Bath Savings own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology268.3K$68.1M7.3%-2.2%
TJX TJX COMPANIES INCConsumer discretionary386.7K$61.8M6.6%-2.0%
GOOGL ALPHABET INC-CL ATechnology184.7K$53.1M5.7%-2.1%
MA MASTERCARD INC - AServices media97.7K$48.8M5.2%-1.9%
SYK STRYKER CORPHealthcare111.1K$36.5M3.9%-1.4%
MSFT MICROSOFT CORPTechnology93.9K$34.7M3.7%-1.1%
NEE NEXTERA ENERGY INCUtilities272.2K$25.3M2.7%-1.6%
XOM EXXON MOBIL CORPEnergy148.3K$25.2M2.7%-0.9%
COST COSTCO WHOLESALE CORPConsumer discretionary24.5K$24.4M2.6%+1.2%
LLY ELI LILLY & COHealthcare25.6K$23.6M2.5%+4.9%
INTU INTUIT INCTechnology49.9K$21.6M2.3%-3.3%
ECL ECOLAB INCOther77.2K$20.5M2.2%-0.3%
ADP AUTOMATIC DATA PROCESSINGTechnology98.4K$20.0M2.1%-1.5%
AMZN AMAZON.COM INCConsumer discretionary94.4K$19.7M2.1%+4.2%
BR BROADRIDGE FINANCIAL SOLUTIOServices media107.3K$17.4M1.9%-3.4%
ABT ABBOTT LABORATORIESHealthcare166.2K$17.1M1.8%-2.8%
WSO WATSCO INCConsumer discretionary37.6K$13.7M1.5%-2.3%
HEI HEICO CORPIndustrials45.7K$12.5M1.3%+1.0%
NVDA NVIDIA CORPTechnology69.2K$12.1M1.3%-2.7%
CHD CHURCH & DWIGHT CO INCOther121.5K$11.3M1.2%-5.3%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary32.8K$10.5M1.1%-0.3%
DHR DANAHER CORPTechnology55.1K$10.5M1.1%-3.2%
MCD MCDONALD'S CORPConsumer discretionary32.0K$10.0M1.1%-0.6%
IDXX IDEXX LABORATORIES INCMaterials16.6K$9.3M1.0%-4.4%
PEP PEPSICO INCConsumer staples59.6K$9.3M1.0%-3.5%
HD HOME DEPOT INCConsumer discretionary27.7K$9.1M1.0%-2.2%
APH AMPHENOL CORP-CL ATechnology65.5K$8.3M0.9%+2.9%
VEEV VEEVA SYSTEMS INC-CLASS ATechnology46.4K$8.1M0.9%-1.4%
CASY CASEY'S GENERAL STORES INCConsumer discretionary10.7K$7.8M0.8%-1.7%
AJG ARTHUR J GALLAGHER & COFinancials34.7K$7.5M0.8%-3.7%
JNJ JOHNSON & JOHNSONHealthcare29.9K$7.3M0.8%-2.3%
CL COLGATE-PALMOLIVE COOther84.8K$7.2M0.8%-1.7%
LMT LOCKHEED MARTIN CORPIndustrials11.1K$6.7M0.7%-0.7%
KO COCA-COLA CO/THEConsumer staples77.4K$5.9M0.6%-2.9%
MKC MCCORMICK & CO-NON VTG SHRSConsumer staples116.4K$5.9M0.6%-11.0%
ISRG INTUITIVE SURGICAL INCHealthcare12.5K$5.7M0.6%-1.6%
PG PROCTER & GAMBLE CO/THEOther37.2K$5.4M0.6%-2.0%
ORLY O'REILLY AUTOMOTIVE INCConsumer discretionary54.8K$5.1M0.5%-1.9%
V VISA INC-CLASS A SHARESServices media16.4K$4.9M0.5%-3.4%
NKE NIKE INC -CL BOther92.8K$4.9M0.5%-10.1%
ABBV ABBVIE INCHealthcare20.3K$4.4M0.5%+4.7%
BCPC BALCHEM CORPMaterials25.3K$4.3M0.5%-15.2%
CVX CHEVRON CORPEnergy20.7K$4.3M0.5%-2.0%
SNPS SYNOPSYS INCTechnology10.2K$4.0M0.4%+21.4%
ADI ANALOG DEVICES INCTechnology12.2K$3.9M0.4%-1.8%
JKHY JACK HENRY & ASSOCIATES INCTechnology24.4K$3.8M0.4%-2.3%
CTAS CINTAS CORPOther21.9K$3.7M0.4%-2.9%
GD GENERAL DYNAMICS CORPIndustrials10.5K$3.6M0.4%-1.3%
RTX RTX CORPIndustrials17.8K$3.4M0.4%-0.3%
SYY SYSCO CORPConsumer discretionary47.4K$3.4M0.4%-3.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 7, 2026269$936.1M canonicalSEC ↗
Q4 202513F-HRJan 12, 2026271$1.00B canonicalSEC ↗
Q3 202513F-HROct 9, 2025269$1.01B canonicalSEC ↗
Q2 202513F-HRJul 10, 2025263$987.8M canonicalSEC ↗
Q1 202513F-HRApr 7, 2025264$966.8M canonicalSEC ↗
Q4 202413F-HRJan 7, 2025264$984.4M canonicalSEC ↗
Q3 202413F-HROct 7, 2024283$1.01B canonicalSEC ↗
Q2 202413F-HRJul 12, 2024267$940.3M canonicalSEC ↗
Q1 202413F-HRApr 8, 2024265$942.1M canonicalSEC ↗