Perkins Coie Trust Co Portfolio Analysis: Q2 2026 Investment Activity

As of June 30th, 2026, the investment strategy of Perkins Coie Trust Co, a prominent investor entity, has undergone notable adjustments in its holdings. The total portfolio value stands at $589 million.

Significant Purchases This Quarter

The most striking activity involves substantial increases in allocation for several exchange-traded funds (ETFs). VO, the Vanguard Mid-Cap ETF, saw its share count increase dramatically by 299% compared to the previous period. Similarly, AVDE, Avantis International Equity ETF, experienced a massive jump of over 10,000%, significantly boosting its portfolio weight.

These large inflows into smaller-cap focused funds and an international equity fund suggest confidence in broader market growth or specific sector opportunities. The investor also bolstered positions in established ETFs like VEA, the Vanguard Developed Markets ETF, which decreased slightly but remains a significant component at 8.72% allocation.

Notable Reductions and Exits

Conversely, there were substantial reductions in certain holdings this quarter. The IAU, iShares Gold Trust ETF, allocation decreased by 71.48% of its shares and saw a significant reduction in value.

Perhaps most significantly from the perspective of stock performance, MDT, Medtronic PLC, experienced an almost 98.35% reduction in its share count and value within the portfolio.

Other exits or reduced positions include XLU, Utilities Select Sector SPDR ETF, which saw a decrease of 6.24% in its change percentage and is now part of the overall portfolio allocation.

Portfolio Sectors Overview

The investor's portfolio remains heavily concentrated across specific sectors as indicated by the sector allocations data. Technology holds the largest slice at $107 million (18.24%), followed closely by Financial Services with $43 million (7.28%) and Communication Services with $38 million (6.42%).

While exact stock breakdowns aren't provided, holdings like GOOGL, AAPL, and NFLX contribute significantly to the Communication Services allocation. Similarly, large Technology allocations are evident in holdings like MSFT.

The remaining portion of the portfolio includes sectors such as Healthcare ($30 million), Consumer Cyclical ($29 million), Industrials ($15 million), and others, with a substantial allocation to 'Unknown' sector holdings totaling $291 million.

Investment Strategy Insights

The observed changes indicate an active investment strategy focused on capitalizing on market movements. The significant buying activity in VO, AVDE, VONG (Russell 1000 Growth ETF), and BRK-B suggests a bullish stance towards growth-oriented assets.

Simultaneously, the reduction or elimination of positions like IAU, ACLS, ACN, ALNY, and others points to a strategic shift away from certain sectors or asset classes perceived as less attractive. The decision to reduce exposure in MDT specifically highlights an investor-level action within this quarter.

This quarter's activity resulted in 100 holdings changing positions, with the top five holdings accounting for approximately $31% of the portfolio value (31.31%).