HM PAYSON & CO
Long book
$6.93B
Q1 2026
Positions
1124
Top-10 weight
37%
concentration
Last quarter
+11.5%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsHM PAYSON & CO is a mechanically diversified allocator, running a $6.93B US long book across 1124 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, MICROSOFT CORP, BROADCOM INC, ALPHABET INC-CL C, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.8%
Q2 2024
+5.1%
Q3 2024
+0.9%
Q4 2024
-4.4%
Q1 2025
+9.9%
Q2 2025
+10.4%
Q3 2025
+3.6%
Q4 2025
-3.1%
Q1 2026
+11.5%
Sector allocation
Technology 46%
Industrials 13%
Consumer discretionary 11%
Healthcare 8%
Financials 8%
Services media 6%
Energy 3%
Other 3%
Long book by quarter
What does HM PAYSON own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 1.7M | $429.6M | 6.2% | -4.1% |
| MSFT MICROSOFT CORP | Technology | 951.3K | $352.1M | 5.1% | +2.8% |
| AVGO BROADCOM INC | Technology | 1.1M | $347.5M | 5.0% | -8.6% |
| GOOG ALPHABET INC-CL C | Technology | 1.1M | $323.7M | 4.7% | -4.3% |
| NVDA NVIDIA CORP | Technology | 1.7M | $298.0M | 4.3% | -1.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 913.8K | $190.3M | 2.7% | -1.4% |
| LRCX LAM RESEARCH CORP | Industrials | 843.3K | $180.2M | 2.6% | -24.8% |
| JPM JPMORGAN CHASE & CO | Financials | 481.8K | $141.7M | 2.0% | +2.9% |
| ABBV ABBVIE INC | Healthcare | 601.7K | $130.9M | 1.9% | +1.5% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 374.1K | $129.1M | 1.9% | -9.6% |
| GOOGL ALPHABET INC-CL A | Technology | 426.2K | $122.6M | 1.8% | -5.1% |
| AME AMETEK INC | Technology | 554.0K | $118.8M | 1.7% | -2.4% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 87.1K | $115.1M | 1.7% | -10.4% |
| MA MASTERCARD INC - A | Services media | 210.0K | $104.9M | 1.5% | -11.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 213.2K | $102.2M | 1.5% | -1.7% |
| META META PLATFORMS INC-CLASS A | Technology | 175.7K | $100.5M | 1.4% | +10.5% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 184.7K | $90.8M | 1.3% | -13.2% |
| TJX TJX COMPANIES INC | Consumer discretionary | 564.2K | $90.1M | 1.3% | +19.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 355.7K | $86.9M | 1.3% | +0.7% |
| HD HOME DEPOT INC | Consumer discretionary | 247.0K | $81.2M | 1.2% | +2.9% |
| CAT CATERPILLAR INC | Industrials | 109.3K | $77.4M | 1.1% | -12.2% |
| AZO AUTOZONE INC | Consumer discretionary | 19.2K | $64.8M | 0.9% | -15.6% |
| MPC MARATHON PETROLEUM CORP | Energy | 245.2K | $59.9M | 0.9% | -19.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 191.3K | $59.5M | 0.9% | -3.6% |
| AMGN AMGEN INC | Healthcare | 164.6K | $57.9M | 0.8% | +6.2% |
| V VISA INC-CLASS A SHARES | Services media | 190.8K | $57.7M | 0.8% | -51.4% |
| SPGI S&P GLOBAL INC | Services media | 129.5K | $55.1M | 0.8% | +4.2% |
| DHR DANAHER CORP | Technology | 280.2K | $53.1M | 0.8% | +19.0% |
| HUBB HUBBELL INC | Technology | 107.0K | $52.5M | 0.8% | -28.4% |
| ACN ACCENTURE PLC-CL A | Services media | 262.4K | $52.0M | 0.8% | -6.4% |
| NVT NVENT ELECTRIC PLC | Industrials | 435.8K | $51.5M | 0.7% | -23.5% |
| LLY ELI LILLY & CO | Healthcare | 56.0K | $51.5M | 0.7% | +20.8% |
| XOM EXXON MOBIL CORP | Energy | 284.9K | $48.3M | 0.7% | -15.9% |
| CVX CHEVRON CORP | Energy | 222.8K | $46.1M | 0.7% | +23.4% |
| GD GENERAL DYNAMICS CORP | Industrials | 127.3K | $43.7M | 0.6% | -0.3% |
| AON AON PLC-CLASS A | Financials | 122.2K | $39.5M | 0.6% | -2.2% |
| LOW LOWE'S COS INC | Consumer discretionary | 163.7K | $38.7M | 0.6% | +4.3% |
| ABT ABBOTT LABORATORIES | Healthcare | 370.3K | $38.0M | 0.5% | -1.8% |
| RTX RTX CORP | Industrials | 186.7K | $36.0M | 0.5% | +1.1% |
| ORCL ORACLE CORP | Technology | 239.4K | $35.2M | 0.5% | -3.2% |
| CMI CUMMINS INC | Industrials | 60.0K | $32.3M | 0.5% | -0.5% |
| WMT WALMART INC | Consumer discretionary | 258.3K | $32.1M | 0.5% | -6.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 221.6K | $32.0M | 0.5% | +1.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 38 | $27.3M | 0.4% | Held |
| PH PARKER HANNIFIN CORP | Industrials | 26.8K | $24.0M | 0.3% | -5.3% |
| AXP AMERICAN EXPRESS CO | Financials | 78.6K | $23.8M | 0.3% | -0.3% |
| CSL CARLISLE COS INC | Other | 69.9K | $23.3M | 0.3% | -11.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 102.6K | $23.2M | 0.3% | -14.0% |
| MRK MERCK & CO. INC. | Healthcare | 189.7K | $22.8M | 0.3% | +1.2% |
| INTU INTUIT INC | Technology | 48.5K | $21.0M | 0.3% | +349.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 1600 | $6.93B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 1606 | $7.09B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 17, 2025 | 1513 | $6.95B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Oct 17, 2025 | 1385 | $6.31B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 1446 | $5.70B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 1462 | $5.90B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 28, 2024 | 1617 | $5.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1373 | $5.50B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jun 20, 2024 | 1286 | $5.38B | canonical | SEC ↗ |
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