PENOBSCOT WEALTH MANAGEMENT Q4 2025 Filing

Filed February 12, 2026

Portfolio Value

$323.5M

Holdings

105

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (105 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYMSPDR SERIES TRUST	778,986	$62.5M	19.31%
2	DFGPDIMENSIONAL ETF TRUST	858,974	$46.4M	14.36%
3	VEAVANGUARD TAX-MANAGED FDS	593,408	$37.1M	11.46%
4	IAGGISHARES TR	290,261	$14.5M	4.49%
5	VGTVANGUARD WORLD FD	16,367	$12.3M	3.81%
6	VWOVANGUARD INTL EQUITY INDEX F	215,513	$11.6M	3.58%
7	JGROJ P MORGAN EXCHANGE TRADED F	101,389	$9.4M	2.91%
8	STIPISHARES TR	84,703	$8.7M	2.68%
9	DFICDIMENSIONAL ETF TRUST	236,787	$8.2M	2.52%
10	VFHVANGUARD WORLD FD	45,192	$6.0M	1.86%
11	VOOVANGUARD INDEX FDS	7,661	$4.8M	1.48%
12	GLDMWORLD GOLD TR	54,638	$4.7M	1.44%
13	DFAEDIMENSIONAL ETF TRUST	138,947	$4.5M	1.40%
14	SPYVSPDR SERIES TRUST	75,344	$4.3M	1.32%
15	VOXVANGUARD WORLD FD	21,835	$4.2M	1.31%
16	VHTVANGUARD WORLD FD	12,681	$3.6M	1.13%
17	SCHXSCHWAB STRATEGIC TR	134,459	$3.6M	1.12%
18	XMHQINVESCO EXCHANGE TRADED FD T	34,729	$3.6M	1.10%
19	FDISFIDELITY COVINGTON TRUST	34,489	$3.5M	1.09%
20	IXUSISHARES TR	37,191	$3.1M	0.97%
21	AAPLAPPLE INC	11,531	$3.1M	0.97%
22	FIDUFIDELITY COVINGTON TRUST	35,406	$2.9M	0.90%
23	IYKISHARES TR	38,559	$2.6M	0.80%
24	EWJISHARES INC	31,315	$2.5M	0.78%
25	COWZPACER FDS TR	40,634	$2.4M	0.76%
26	IEURISHARES TR	31,426	$2.2M	0.69%
27	VNQVANGUARD INDEX FDS	22,878	$2.0M	0.63%
28	ICLNISHARES TR	104,914	$1.7M	0.53%
29	KOMPSPDR SERIES TRUST	26,600	$1.6M	0.49%
30	XLKSELECT SECTOR SPDR TR	10,928	$1.6M	0.49%
31	IDXXIDEXX LABS INC	2,307	$1.6M	0.48%
32	XLUSELECT SECTOR SPDR TR	36,243	$1.5M	0.48%
33	NVDANVIDIA CORPORATION	7,875	$1.5M	0.45%
34	IGFISHARES TR	23,790	$1.5M	0.45%
35	ITOTISHARES TR	9,704	$1.4M	0.45%
36	MSFTMICROSOFT CORP	2,769	$1.3M	0.41%
37	XLFSELECT SECTOR SPDR TR	23,538	$1.3M	0.40%
38	CALFPACER FDS TR	27,513	$1.2M	0.38%
39	AQLTISHARES TR	12,994	$1.2M	0.36%
40	SPTMSPDR SERIES TRUST	14,072	$1.2M	0.36%
41	ESGVVANGUARD WORLD FD	8,646	$1.0M	0.32%
42	IWBISHARES TR	2,800	$1.0M	0.32%
43	SPEMSPDR INDEX SHS FDS	22,067	$1.0M	0.32%
44	SPDWSPDR INDEX SHS FDS	22,868	$1.0M	0.31%
45	IYWISHARES TR	5,045	$1.0M	0.31%
46	VDCVANGUARD WORLD FD	4,708	$994K	0.31%
47	ESGDISHARES TR	10,400	$988K	0.31%
48	BNDVANGUARD BD INDEX FDS	12,131	$898K	0.28%
49	IWMISHARES TR	3,378	$831K	0.26%
50	VTVVANGUARD INDEX FDS	4,205	$803K	0.25%
51	FMATFIDELITY COVINGTON TRUST	14,081	$747K	0.23%
52	SPSMSPDR SERIES TRUST	14,866	$696K	0.22%
53	RPGINVESCO EXCHANGE TRADED FD T	14,865	$693K	0.21%
54	VTIVANGUARD INDEX FDS	2,044	$685K	0.21%
55	XLCSELECT SECTOR SPDR TR	5,640	$663K	0.20%
56	AMZNAMAZON COM INC	2,813	$649K	0.20%
57	RSPINVESCO EXCHANGE TRADED FD T	3,249	$622K	0.19%
58	VBVANGUARD INDEX FDS	2,300	$593K	0.18%
59	MRKMERCK & CO INC	5,425	$571K	0.18%
60	XLVSELECT SECTOR SPDR TR	3,652	$565K	0.17%
61	GQ9SPDR GOLD TR	1,344	$532K	0.16%
62	VUGVANGUARD INDEX FDS	1,047	$510K	0.16%
63	IJSISHARES TR	4,340	$493K	0.15%
64	DFUSDIMENSIONAL ETF TRUST	6,519	$483K	0.15%
65	JPMJPMORGAN CHASE & CO.	1,365	$439K	0.14%
66	UNHUNITEDHEALTH GROUP INC	1,247	$411K	0.13%
67	CATCATERPILLAR INC	706	$404K	0.12%
68	NULVNUSHARES ETF TR	8,911	$401K	0.12%
69	GOOGLALPHABET INC	1,272	$398K	0.12%
70	PGPROCTER AND GAMBLE CO	2,733	$391K	0.12%
71	IYY*ISHARES TR	2,308	$382K	0.12%
72	ESGEISHARES INC	8,366	$369K	0.11%
73	IEMGISHARES INC	5,458	$366K	0.11%
74	IJRISHARES TR	3,013	$362K	0.11%
75	VXUSVANGUARD STAR FDS	4,712	$355K	0.11%
76	XLYSELECT SECTOR SPDR TR	2,938	$350K	0.11%
77	FRELFIDELITY COVINGTON TRUST	12,856	$345K	0.11%
78	USXFISHARES TR	5,955	$342K	0.11%
79	FSLRFIRST SOLAR INC	1,310	$342K	0.11%
80	VOVANGUARD INDEX FDS	1,167	$338K	0.10%
81	VBRVANGUARD INDEX FDS	1,576	$333K	0.10%
82	DFSIDIMENSIONAL ETF TRUST	7,749	$332K	0.10%
83	GOOGALPHABET INC	976	$306K	0.09%
84	COSTCOSTCO WHSL CORP NEW	345	$297K	0.09%
85	BNDXVANGUARD CHARLOTTE FDS	5,867	$283K	0.09%
86	METAMETA PLATFORMS INC	425	$280K	0.09%
87	TMOTHERMO FISHER SCIENTIFIC INC	449	$260K	0.08%
88	GEGE AEROSPACE	832	$256K	0.08%
89	IBMINTERNATIONAL BUSINESS MACHS	850	$251K	0.08%
90	SCHGSCHWAB STRATEGIC TR	7,663	$249K	0.08%
91	SHYDVANECK ETF TRUST	10,780	$246K	0.08%
92	VTEBVANGUARD MUN BD FDS	4,845	$243K	0.08%
93	SCHVSCHWAB STRATEGIC TR	8,187	$242K	0.07%
94	PEPPEPSICO INC	1,681	$241K	0.07%
95	MMM3M CO	1,452	$232K	0.07%
96	DFSUDIMENSIONAL ETF TRUST	5,302	$230K	0.07%
97	VGKVANGUARD INTL EQUITY INDEX F	2,706	$226K	0.07%
98	FUTYFIDELITY COVINGTON TRUST	4,047	$223K	0.07%
99	VIGIVANGUARD WHITEHALL FDS	2,442	$223K	0.07%
100	ETNEATON CORP PLC	700	$222K	0.07%

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