Ledyard National Bank
Long book
$1.15B
Q1 2026
Positions
236
Top-10 weight
39%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsLedyard National Bank is an institutional manager, running a $1.15B US long book across 236 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES CORE DIVIDEND GROWTH, ISHARES CORE S&P 500 ETF, APPLE INC, ISHARES CORE MSCI EAFE ETF, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.0%
Q2 2024
+7.0%
Q3 2024
-0.1%
Q4 2024
-1.9%
Q1 2025
+8.2%
Q2 2025
+7.3%
Q3 2025
+3.3%
Q4 2025
-1.7%
Q1 2026
+10.4%
Sector allocation
Technology 39%
Consumer discretionary 14%
Healthcare 11%
Financials 10%
Industrials 8%
Energy 5%
Services media 4%
Utilities 4%
Long book by quarter
What does Ledyard National own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 234.9K | $59.6M | 5.2% | -0.4% |
| MSFT MICROSOFT CORP | Technology | 108.3K | $40.1M | 3.5% | -3.1% |
| AVGO BROADCOM INC | Technology | 119.6K | $37.0M | 3.2% | -6.3% |
| GOOGL ALPHABET INC-CL A | Technology | 91.0K | $26.2M | 2.3% | -6.0% |
| JPM JPMORGAN CHASE & CO | Financials | 73.7K | $21.7M | 1.9% | -4.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 75.9K | $15.8M | 1.4% | -7.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 31.2K | $15.0M | 1.3% | +2.6% |
| CSCO CISCO SYSTEMS INC | Technology | 185.7K | $14.4M | 1.2% | -4.4% |
| KR KROGER CO | Consumer discretionary | 190.3K | $13.8M | 1.2% | -1.6% |
| V VISA INC-CLASS A SHARES | Services media | 44.1K | $13.3M | 1.2% | -2.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 77.8K | $12.4M | 1.1% | -1.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 82.1K | $11.9M | 1.0% | -1.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 46.7K | $11.4M | 1.0% | -4.3% |
| TTE TOTALENERGIES SE | Energy | 122.7K | $11.2M | 1.0% | New |
| HD HOME DEPOT INC | Consumer discretionary | 31.4K | $10.3M | 0.9% | -2.7% |
| AMGN AMGEN INC | Healthcare | 26.2K | $9.2M | 0.8% | -2.7% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 39.9K | $9.0M | 0.8% | -2.3% |
| MRK MERCK & CO. INC. | Healthcare | 73.4K | $8.8M | 0.8% | -1.6% |
| GOOG ALPHABET INC-CL C | Technology | 28.7K | $8.2M | 0.7% | -14.1% |
| CAT CATERPILLAR INC | Industrials | 11.1K | $7.9M | 0.7% | -4.5% |
| XOM EXXON MOBIL CORP | Energy | 43.0K | $7.3M | 0.6% | +8.6% |
| LOW LOWE'S COS INC | Consumer discretionary | 30.4K | $7.2M | 0.6% | -2.3% |
| ETN EATON CORP PLC | Industrials | 19.1K | $6.8M | 0.6% | -10.2% |
| MDT MEDTRONIC PLC | Healthcare | 77.1K | $6.7M | 0.6% | -0.4% |
| WMT WALMART INC | Consumer discretionary | 48.8K | $6.1M | 0.5% | +0.2% |
| T AT&T INC | Communications | 197.9K | $5.7M | 0.5% | -0.9% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 43.5K | $5.7M | 0.5% | -0.2% |
| PFE PFIZER INC | Healthcare | 182.6K | $5.1M | 0.4% | +2.2% |
| NVDA NVIDIA CORP | Technology | 27.7K | $4.8M | 0.4% | -4.3% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 6.2K | $4.8M | 0.4% | +1.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 17.4K | $4.7M | 0.4% | +2.5% |
| EOG EOG RESOURCES INC | Energy | 31.8K | $4.6M | 0.4% | +13.9% |
| EVRG EVERGY INC | Utilities | 54.8K | $4.5M | 0.4% | -2.2% |
| LLY ELI LILLY & CO | Healthcare | 4.9K | $4.5M | 0.4% | -1.2% |
| NEE NEXTERA ENERGY INC | Utilities | 47.1K | $4.4M | 0.4% | -0.9% |
| ABBV ABBVIE INC | Healthcare | 17.9K | $3.9M | 0.3% | -5.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 15.7K | $3.8M | 0.3% | -0.9% |
| ACN ACCENTURE PLC-CL A | Services media | 19.0K | $3.8M | 0.3% | +0.7% |
| UNP UNION PACIFIC CORP | Industrials | 15.1K | $3.7M | 0.3% | +0.7% |
| ADBE ADOBE INC | Technology | 14.9K | $3.6M | 0.3% | +6.1% |
| MET METLIFE INC | Financials | 49.7K | $3.5M | 0.3% | -4.0% |
| MAS MASCO CORP | Industrials | 52.7K | $3.2M | 0.3% | +4.6% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 11.4K | $2.8M | 0.2% | -7.2% |
| CRM SALESFORCE INC | Technology | 14.8K | $2.8M | 0.2% | +10.1% |
| COR CENCORA INC | Consumer discretionary | 8.8K | $2.8M | 0.2% | -1.3% |
| RTX RTX CORP | Industrials | 13.7K | $2.6M | 0.2% | -3.9% |
| PEP PEPSICO INC | Consumer staples | 16.9K | $2.6M | 0.2% | -4.0% |
| LIN LINDE PLC | Materials | 5.2K | $2.6M | 0.2% | +2.5% |
| MA MASTERCARD INC - A | Services media | 5.1K | $2.5M | 0.2% | -4.6% |
| EMR EMERSON ELECTRIC CO | Industrials | 18.9K | $2.5M | 0.2% | -13.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 330 | $1.15B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 21, 2026 | 334 | $1.16B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 317 | $1.12B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 307 | $1.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 305 | $1.01B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 304 | $1.06B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 316 | $1.09B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 307 | $1.03B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 316 | $1.03B | canonical | SEC ↗ |
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