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Penobscot Wealth Management

CIK:0001875768
Investment Adviser
$1B AUM
97 holdings
Portland, ME, United States
Founded:2015
10 employees
Latest filing:Jun 30, 2025

Penobscot Wealth Management, operating as part of Penobscot Financial Advisors, is a Maine-based, independent registered investment adviser (RIA) founded to serve individuals and families seeking comprehensive, fee-only fiduciary financial planning and wealth management. The firm employs certified financial planners and provides holistic financial services encompassing investment management, retirement planning, tax, insurance, and estate planning. With offices in Portland and Bangor, Maine, Penobscot serves clients across the United States and emphasizes a client-first fiduciary standard. Staff numbers are modest and focus on boutique, personal service.

Investment Strategy

Penobscot Wealth Management provides personalized investment strategies tailored to each client's financial goals and life circumstances. The firm employs a holistic, fee-only fiduciary approach, combining proactive asset allocation with ongoing financial planning. Portfolios are managed to align with risk tolerance, retirement time horizons, and tax considerations, with attention to ESG (Environmental, Social, and Governance) factors when relevant. The firm does not earn commissions, ensuring that all investment decisions are made in the client's best interests. Portfolio construction is regularly reviewed and adjusted to match evolving client needs and market conditions.

Latest 13F Filing Activity

Penobscot Wealth Management filed their most recent 13F report on Jun 30, 2025 disclosing 97 equity positions with a total 13F market value of $279M. The fund increased holdings in SPDR Series Trust, Vanguard Tax-managed FDS, Dimensional Etf Trust among other positions. Penobscot Wealth Management reduced exposure to Vanguard Index FDS, Vanguard Star FDS, Unitedhealth Group Inc. among others.

Top Buys
S
SPLGSPDR SERIES TRUST
+$9.1M
V
VEAVANGUARD TAX-MANAGED FDS
+$4.6M
D
DFGPDIMENSIONAL ETF TRUST
+$3.7M
V
VGTVANGUARD WORLD FD
+$2.8M
S
SCHXSCHWAB STRATEGIC TR
+$2.6M
Top Sells
V
VOOVANGUARD INDEX FDS
-$881.6K
V
VXUSVANGUARD STAR FDS
-$327.0K
U
UNHUNITEDHEALTH GROUP INC
-$274.9K
A
AAPLAPPLE INC
-$248.6K
X
XOMEXXON MOBIL CORP
-$241.8K

Top Holdings

S
SPLGSPDR SERIES TRUST
+19.6%$54.7M
D
DFGPDIMENSIONAL ETF TRUST
+14.2%$39.7M
V
VEAVANGUARD TAX-MANAGED FDS
+11.3%$31.5M
I
IAGGISHARES TR
+4.5%$12.5M
V
VGTVANGUARD WORLD FD
+4.1%$11.4M

Equity Positions (97)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SPDR SERIES TRUST19.58%$54.7M752,588$56.89$72.69+$9.1M
DIMENSIONAL ETF TRUST14.20%$39.7M727,709$53.07$54.49+$3.7M
VANGUARD TAX-MANAGED FDS11.28%$31.5M552,754$47.97$57.01+$4.6M
ISHARES TR4.46%$12.5M243,947$50.15$51.09+$1.2M
VANGUARD WORLD FD4.08%$11.4M17,173$512.90$663.28+$2.8M

Industry Allocation

COMMODITY CONTRACTS BROKERS & DEALERS
+1.6%
ELECTRONIC COMPUTERS
+0.9%
IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
+0.5%
SEMICONDUCTORS & RELATED DEVICES
+0.5%
SERVICES-PREPACKAGED SOFTWARE
+0.4%