SEC 13F Intelligence

Managers / Q3 2023 · view latest →

DAVIDSON TRUST CO

CIK 0001133119 · 701 5TH AVENUE, SUITE 4050, SEATTLE, WA, 98104 · 406-791-7331

Reported Value
$135M
Q3 2023
Positions
199
Filings on Record
26
2020–present window
Filed
Nov 9, 2023
original filing

Summary

Davidson Trust Co reported $135M in U.S.-listed holdings across 199 positions for Q3 2023.

Its largest position, MSFT, represents 8.0% of the portfolio.

Compared with Q2 2023, the fund opened 4 new positions and exited 2.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+37.1%
share of reported value
Largest Position
+8.0%
Microsoft
New / Exited
4 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $99MQ4 ’19Q1 ’20: $81MQ2 ’20: $103MQ3 ’20: $110MQ4 ’20: $116MQ4 ’20Q1 ’21: $119MQ2 ’21: $128MQ3 ’21: $131MQ4 ’21: $146MQ4 ’21Q1 ’22: $134MQ2 ’22: $112MQ3 ’22: $104MQ4 ’22: $113MQ4 ’22Q1 ’23: $130MQ2 ’23: $138MQ3 ’23: $135MQ4 ’23: $155MQ4 ’23Q1 ’24: $172MQ2 ’24: $145MQ3 ’24: $195MQ4 ’24: $194MQ4 ’24Q1 ’25: $210MQ2 ’25: $217MQ3 ’25: $242MQ4 ’25: $240MQ4 ’25Q1 ’26: $232Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 66.5%ETP: 30.1%Closed-End Fund: 1.4%MLP: 0.8%ADR: 0.6%Other: 0.6%
  • Common Stock · 66.5% · $90M
  • ETP · 30.1% · $41M
  • Closed-End Fund · 1.4% · $2M
  • MLP · 0.8% · $1M
  • ADR · 0.6% · $789,618
  • Other · 0.6% · $857,836

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VXUSVANGUARD TOTAL INTL STOCK IDX FNEW+10.6K10.6K+$567,015$567,015
XLVHEALTH CARE SELECT SECTOR SPDRRNEW+1.8K1.8K+$226,067$226,067
CQPCHENIERE ENERGY PARTNERS LP UNINEW+4.0K4.0K+$216,760$216,760
FFORD MOTOR COMPANYNEW+11.0K11.0K+$136,272$136,272
PRFINVESCO FTSE RAFI US 1000 ETFADDED+6.0K7.9K−$54,772$251,769
KMBKIMBERLY-CLARK CORPSOLD OUT−1.8K0−$251,269$0
NSCNORFOLK SOUTHERN CORPSOLD OUT−1.0K0−$226,760$0
SRESEMPRA ENERGYADDED+1.9K3.9K−$18,345$261,916

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

125 positions (from 199 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →Equities8.05%$11M34.4K
2AAPLAPPLE INChistory →Equities6.52%$9M51.3K
3ABBVABBVIE INC COMhistory →Equities4.77%$6M43.1K
4CVXCHEVRON CORPhistory →Equities3.07%$4M24.5K
5ABTABBOTT LABORATORIEShistory →Equities2.87%$4M39.9K
6EXMOCEXXON MOBIL CORPhistory →Equities2.58%$3M29.6K
7JNJJOHNSON AND JOHNSONhistory →Equities2.40%$3M20.7K
8VTVVANGUARD VALUE ETFhistory →Equities2.35%$3M22.9K
9COSTCOSTCO WHOLESALE CORPhistory →Equities2.29%$3M5.5K
10IVVISHARES CORE S&P 500 (MKT) ETFhistory →Equities2.18%$3M6.9K
11PGPROCTER & GAMBLE COhistory →Equities2.15%$3M19.9K
12IWRISHARES RUSSELL MID-CAP (MKT)history →Equities1.98%$3M38.6K
13VUGVANGUARD GROWTH ETF (MKT)history →Equities1.96%$3M9.7K
14IXUSISHARES CORE MSCI TOT INTL STOChistory →Equities1.78%$2M39.9K
15IWMISHARES RUSSELL 2000 (MKT)history →Equities1.77%$2M13.5K
16ADPAUTOMATIC DATA PROCESSING INChistory →Equities1.74%$2M9.8K
17AGGISHARES CORE US AGGREGATE BONDhistory →Fixed Income1.59%$2M22.7K
18JPMJPMORGAN CHASE & CO COMhistory →Equities1.57%$2M14.6K
19MDYSPDR S&P MIDCAP 400 (MKT)history →Equities1.52%$2M4.5K
20GOOGALPHABET INC CAP STK CL CEquities1.51%$2M15.5K
21VYMVANGUARD HIGH DIVIDEND YIELD EThistory →Equities1.43%$2M18.6K
22NKENIKE INC CL Bhistory →Equities1.41%$2M19.8K
23VTIVANGUARD TOTAL STOCK MARKET ETFhistory →Equities1.21%$2M7.7K
24CBCHUBB LIMITEDhistory →Equities1.20%$2M7.8K
25NACNUVEEN CALIFORNIA QUALITY MUNIhistory →Fixed Income1.13%$2M157.3K
26SCHXSCHWAB U S LARGE CAP ETFhistory →Equities1.07%$1M28.5K
27KOCOCA COLA COEquities0.96%$1M23.1K
28PEPPEPSICO INCEquities0.93%$1M7.4K
29VVVANGUARD LARGE CAP ETFEquities0.91%$1M6.3K
30DISDISNEY WALT COEquities0.90%$1M15.0K
31SCHDSCHWAB U S DIVIDEND EQUITY ETFEquities0.87%$1M16.7K
32BRK/BBERKSHIRE HATHAWAY INC BEquities0.84%$1M3.2K
33EFAISHARES MSCI EAFE (MKT)Equities0.83%$1M16.3K
34RTXRAYTHEON TECHS CORPEquities0.81%$1M15.2K
35NEENEXTERA ENERGY INCEquities0.79%$1M18.6K
36VEAVANGUARD FTSE DEVELOPED MARKETSEquities0.75%$1M23.0K
37MCDMCDONALDS CORPEquities0.75%$1M3.8K
38RWRSPDR SERIES TRUST SPDR DOW JONEEquities0.74%$995,19712.0K
39WFCWELLS FARGO & COMPANYEquities0.70%$940,31123.0K
40HONHONEYWELL INTERNATIONAL INCEquities0.61%$828,3744.5K
41LINLINDE PLCEquities0.60%$813,2122.2K
42NVSNOVARTIS AG ADREquities0.59%$789,6187.8K
43VVISA INC CL AEquities0.58%$777,6643.4K
44BDXBECTON DICKINSON & COEquities0.57%$772,2303.0K
45DEDEERE & COMPANYEquities0.57%$764,9492.0K
46SBUXSTARBUCKS CORPEquities0.54%$727,1488.0K
47IWOISHARES RUSSELL 2000 GROWTHEquities0.54%$722,3943.2K
48CSXCSX CORPEquities0.51%$688,73922.4K
49CSCOCISCO SYSTEMS INCEquities0.50%$676,78512.6K
50SPIBSPDR PORT INTERMEDIATE TERM CORFixed Income0.49%$660,28521.0K
51SPGIS&P GLOBAL INCEquities0.48%$642,7561.8K
52VWOVANGUARD FTSE EMERGING MKTS ETFEquities0.47%$639,39516.3K
53BMYBRISTOL-MYERS SQUIBB COEquities0.46%$624,39410.8K
54ORCLORACLE CORPEquities0.45%$609,5705.8K
55BSVVANGUARD SHORT-TERM BOND ETFFixed Income0.45%$603,9338.0K
56IJJISHARES S&P MID-CAP 400 VALUEEquities0.43%$580,5425.8K
57IJHISHARES CORE S&P MID CAP ETFEquities0.43%$574,1932.3K
58SCHASCHWAB US SMALL CAP ETFEquities0.43%$573,41813.8K
59QCOMQUALCOMM INCEquities0.42%$570,7375.1K
60MRKMERCK & CO INCEquities0.42%$568,2845.5K
61VXUSVANGUARD TOTAL INTL STOCK IDX FEquities0.42%$567,01510.6K
62LOWLOWES COMPANIES INCEquities0.40%$533,9412.6K
63INTCINTEL CORPEquities0.39%$525,85514.8K
64EEMISHARES MSCI EMG MKT ETFEquities0.38%$518,84213.7K
65TMOTHERMO FISHER SCIENTIFIC INCEquities0.38%$512,7501.0K
66USBUS BANCORPEquities0.38%$508,49615.4K
67AMZNAMAZON.COM INCEquities0.37%$496,9123.9K
68AVGOBROADCOM INCEquities0.36%$486,720586
69MCKMCKESSON CORPEquities0.35%$477,9001.1K
70AMGNAMGEN INCEquities0.35%$465,7611.7K
71IBMINTERNATIONAL BUSINESS MACHINESEquities0.34%$465,0953.3K
72HOGHARLEY DAVIDSON INCEquities0.34%$462,84014.0K
73BABOEING COEquities0.34%$462,7162.4K
74PFEPFIZER INCEquities0.34%$461,99113.9K
75SUNSUNOCO LTD PARTNERSHIPEquities0.33%$440,5509.0K
76UPSUNITED PARCEL SERVICE CL BEquities0.32%$435,5012.8K
77VZVERIZON COMMUNICATIONS INCEquities0.32%$430,69713.3K
78TGTTARGET CORPEquities0.32%$430,0073.9K
79ACNACCENTURE PLC IRELAND CL AEquities0.32%$429,9541.4K
80IJKISHARES S&P MIDCAP 400 GROWTH EEquities0.31%$423,7765.9K
81IWNISHARES RUSSELL 2000 VALUEEquities0.31%$421,5033.1K
82MAMASTERCARD INC CLASS AEquities0.31%$414,5181.0K
83EXPDEXPEDITORS INTERNATIONALEquities0.31%$414,3873.6K
84PSXPHILLIPS 66Equities0.31%$411,6343.4K
85FDXFEDEX CORPEquities0.30%$402,1491.5K
86ZTSZOETIS INCEquities0.30%$397,8932.3K
87VOOVANGUARD S&P 500 INDEX ETFEquities0.29%$392,432999
88CMICUMMINS INCEquities0.29%$384,7271.7K
89QUALISHARES MSCI USA QUALITY FACTOREquities0.28%$375,0632.8K
90IWFISHARES RUSSELL 1000 GROWTHEquities0.26%$355,1781.3K
91IEMGISHARES CORE MSCI EMERGING MKTSEquities0.26%$353,0237.4K
92CPCANADIAN PACIFIC KANSAS CITY LTEquities0.25%$338,6404.6K
93ECLECOLAB INCEquities0.25%$332,7012.0K
94SLFSUN LIFE FINANCIAL INCEquities0.24%$326,6186.7K
95XPCQXPIMCO CALIFORNIA MUNI INCOME FUFixed Income0.23%$312,25037.4K
96MDLZMONDELEZ INTL INC CL AEquities0.23%$311,0514.5K
97CATCATERPILLAR INCEquities0.23%$304,9411.1K
98PMPHILIP MORRIS INTL INCEquities0.22%$297,6453.2K
99AMTAMERICAN TOWER CORP NEWEquities0.21%$284,0051.7K
100SARSARATOGA INVESTMENT CORP NEWEquities0.21%$282,70011.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$232M258Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$240M259Jan 27, 202613F-HRchanges · EDGAR ↗
Q3 2025$242M265Oct 20, 202513F-HRchanges · EDGAR ↗
Q2 2025$217M240Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$210M241Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$194M235Jan 31, 202513F-HRchanges · EDGAR ↗
Q3 2024$195M236Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$145M214Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$172M221May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$155M211Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$135M199Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$138M197Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$130M189Apr 24, 202313F-HRchanges · EDGAR ↗
Q4 2022$113M172Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$104M161Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$112M171Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$134M200May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$146M199Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$131M197Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$128M182Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$119M189May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$116M189Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$110M181Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$103M178Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$81M154May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$99M160Feb 14, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.