DAVIDSON TRUST CO

Filed: 1/27/2026ACC: 0001133119-26-000001

📋 What this filing means

DAVIDSON TRUST CO filed this quarterly 13F‑HR report disclosing 172 equity positions with a total reported market value of $239.81M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

172

Positions

$239.81M

Total AUM (reported)

2.17M

Total Shares

Allocation by class

EQUITIES$227.35M94.8%

FIXED INCOME$12.46M5.2%

Portfolio Concentration

Top 3$45.53M19.0%

4–10$36.04M15.0%

11–25$48.46M20.2%

Rest$109.79M45.8%

Top 3 weight

19.0%

Top 10 weight

34.0%

Voting Authority Distribution

Total shares with voting rights: 2.17M

Sole

Full voting authority

2.14M

% of voting shares98.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

32.12K

% of voting shares1.5%

Investment Discretion (by position count)

Sole85

Shared0

Other87

Dominant voting typeSole · 98.5% of voting shares

Institutional Holdings172

Rows:

MICROSOFT CORP

DFND

Equities

Shares42.95K

TypeSH

Market value$20.77M

8.66%

Sole

42.79K

Shared

0.00

None

160.00

APPLE INC

DFND

Equities

Shares58.33K

TypeSH

Market value$15.86M

6.61%

Sole

58.33K

Shared

0.00

None

0.00

ABBVIE INC COM

DFND

Equities

Shares38.96K

TypeSH

Market value$8.90M

3.71%

Sole

38.96K

Shared

0.00

None

0.00

ABBOTT LABORATORIES

DFND

Equities

Shares50.89K

TypeSH

Market value$6.38M

2.66%

Sole

50.89K

Shared

0.00

None

0.00

VANGUARD VALUE ETF

DFND

Equities

Shares29.16K

TypeSH

Market value$5.57M

2.32%

Sole

26.17K

Shared

0.00

None

2.99K

VANGUARD GROWTH ETF (MKT)

DFND

Equities

Shares11.36K

TypeSH

Market value$5.54M

2.31%

Sole

10.45K

Shared

0.00

None

910.00

ISHARES CORE MSCI TOT INTL STOC

DFND

Equities

Shares58.21K

TypeSH

Market value$4.93M

2.05%

Sole

54.87K

Shared

0.00

None

3.34K

ISHARES CORE S&P 500 (MKT) ETF

SOLE

Equities

Shares6.97K

TypeSH

Market value$4.78M

1.99%

Sole

6.96K

Shared

0.00

None

16.00

ALPHABET INC CAP STK CL C

DFND

Equities

Shares14.54K

TypeSH

Market value$4.56M

1.90%

Sole

14.54K

Shared

0.00

None

0.00

ISHARES RUSSELL MID-CAP (MKT)

DFND

Equities

Shares44.44K

TypeSH

Market value$4.28M

1.78%

Sole

44.29K

Shared

0.00

None

149.00

JOHNSON AND JOHNSON

DFND

Equities

Shares20.36K

TypeSH

Market value$4.21M

1.76%

Sole

20.05K

Shared

0.00

None

300.00

JPMORGAN CHASE & CO COM

DFND

Equities

Shares12.62K

TypeSH

Market value$4.07M

1.70%

Sole

12.62K

Shared

0.00

None

0.00

COSTCO WHOLESALE CORP

DFND

Equities

Shares4.61K

TypeSH

Market value$3.98M

1.66%

Sole

4.57K

Shared

0.00

None

39.00

ISHARES CORE US AGGREGATE BOND

DFND

Fixed Income

Shares37.13K

TypeSH

Market value$3.71M

1.55%

Sole

34.21K

Shared

0.00

None

2.92K

EXXON MOBIL CORP

DFND

Equities

Shares30.28K

TypeSH

Market value$3.64M

1.52%

Sole

30.28K

Shared

0.00

None

0.00

VANGUARD HIGH DIVIDEND YIELD ET

DFND

Equities

Shares25.06K

TypeSH

Market value$3.60M

1.50%

Sole

24.50K

Shared

0.00

None

560.00

ISHARES RUSSELL 2000 (MKT)

SOLE

Equities

Shares13.96K

TypeSH

Market value$3.44M

1.43%

Sole

13.92K

Shared

0.00

None

47.00

GLACIER BANCORP INC

SOLE

Equities

Shares71.46K

TypeSH

Market value$3.15M

1.31%

Sole

71.46K

Shared

0.00

None

0.00

SPDR S&P 500 (MKT)

DFND

Equities

Shares4.39K

TypeSH

Market value$2.99M

1.25%

Sole

4.30K

Shared

0.00

None

94.00

BROADCOM INC

DFND

Equities

Shares8.24K

TypeSH

Market value$2.85M

1.19%

Sole

7.58K

Shared

0.00

None

660.00

RAYTHEON TECHS CORP

DFND

Equities

Shares15.34K

TypeSH

Market value$2.81M

1.17%

Sole

15.12K

Shared

0.00

None

220.00

PROCTER & GAMBLE CO

DFND

Equities

Shares18.64K

TypeSH

Market value$2.67M

1.11%

Sole

18.64K

Shared

0.00

None

0.00

AUTOMATIC DATA PROCESSING INC

DFND

Equities

Shares9.68K

TypeSH

Market value$2.49M

1.04%

Sole

9.47K

Shared

0.00

None

209.00

BERKSHIRE HATHAWAY INC B

SOLE

Equities

Shares4.86K

TypeSH

Market value$2.44M

1.02%

Sole

3.32K

Shared

0.00

None

1.54K

VANGUARD FTSE DEVELOPED MARKETS

SOLE

Equities

Shares38.39K

TypeSH

Market value$2.40M

1.00%

Sole

37.37K

Shared

0.00

None

1.02K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MICROSOFT CORPDFND	Equities	42.95K	SH	$20.77M 8.66%	42.79K	160.00
APPLE INCDFND	Equities	58.33K	SH	$15.86M 6.61%	58.33K	0.00
ABBVIE INC COMDFND	Equities	38.96K	SH	$8.90M 3.71%	38.96K	0.00
ABBOTT LABORATORIESDFND	Equities	50.89K	SH	$6.38M 2.66%	50.89K	0.00
VANGUARD VALUE ETFDFND	Equities	29.16K	SH	$5.57M 2.32%	26.17K	2.99K
VANGUARD GROWTH ETF (MKT)DFND	Equities	11.36K	SH	$5.54M 2.31%	10.45K	910.00
ISHARES CORE MSCI TOT INTL STOCDFND	Equities	58.21K	SH	$4.93M 2.05%	54.87K	3.34K
ISHARES CORE S&P 500 (MKT) ETFSOLE	Equities	6.97K	SH	$4.78M 1.99%	6.96K	16.00
ALPHABET INC CAP STK CL CDFND	Equities	14.54K	SH	$4.56M 1.90%	14.54K	0.00
ISHARES RUSSELL MID-CAP (MKT)DFND	Equities	44.44K	SH	$4.28M 1.78%	44.29K	149.00
JOHNSON AND JOHNSONDFND	Equities	20.36K	SH	$4.21M 1.76%	20.05K	300.00
JPMORGAN CHASE & CO COMDFND	Equities	12.62K	SH	$4.07M 1.70%	12.62K	0.00
COSTCO WHOLESALE CORPDFND	Equities	4.61K	SH	$3.98M 1.66%	4.57K	39.00
ISHARES CORE US AGGREGATE BONDDFND	Fixed Income	37.13K	SH	$3.71M 1.55%	34.21K	2.92K
EXXON MOBIL CORPDFND	Equities	30.28K	SH	$3.64M 1.52%	30.28K	0.00
VANGUARD HIGH DIVIDEND YIELD ETDFND	Equities	25.06K	SH	$3.60M 1.50%	24.50K	560.00
ISHARES RUSSELL 2000 (MKT)SOLE	Equities	13.96K	SH	$3.44M 1.43%	13.92K	47.00
GLACIER BANCORP INCSOLE	Equities	71.46K	SH	$3.15M 1.31%	71.46K	0.00
SPDR S&P 500 (MKT)DFND	Equities	4.39K	SH	$2.99M 1.25%	4.30K	94.00
BROADCOM INCDFND	Equities	8.24K	SH	$2.85M 1.19%	7.58K	660.00
RAYTHEON TECHS CORPDFND	Equities	15.34K	SH	$2.81M 1.17%	15.12K	220.00
PROCTER & GAMBLE CODFND	Equities	18.64K	SH	$2.67M 1.11%	18.64K	0.00
AUTOMATIC DATA PROCESSING INCDFND	Equities	9.68K	SH	$2.49M 1.04%	9.47K	209.00
BERKSHIRE HATHAWAY INC BSOLE	Equities	4.86K	SH	$2.44M 1.02%	3.32K	1.54K
VANGUARD FTSE DEVELOPED MARKETSSOLE	Equities	38.39K	SH	$2.40M 1.00%	37.37K	1.02K

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