Piscataqua Savings Bank Q2 2026 Portfolio Shifts: Tech Sales, Fixed Income Buys
A detailed look at Piscataqua Savings Bank's significant stock purchases and sales during the second quarter of 2026.
As part of its ongoing investment strategy for Q2 2026, Piscataqua Savings Bank engaged in notable buying and selling activities across various sectors. The bank's portfolio saw changes primarily focused on reducing exposure to large-cap technology stocks while increasing holdings in fixed income ETFs.
Selling Focus: Large-Cap Technology Decline
Piscataqua Savings Bank significantly reduced its positions in several prominent large-cap Microsoft Corp (MSFT) and Alphabet Inc (GOOGL). The bank sold 2,987 shares of Microsoft, representing a nearly 11.23% decrease in its stake during the quarter. Similarly, it disposed of 2,294 shares of Alphabet Inc Class A, marking an approximate 9.13% reduction.
This selling pattern extended beyond technology to include JPMorgan Chase & Co (JPM) and Invesco ETF (PGX). The financial services sector saw a reduction of 1,526 shares in JPMorgan, lowering its portfolio allocation percentage from Financial Services. Additionally, the bank sold all remaining holdings in PGX, effectively exiting that position entirely.
Purchasing Focus: Fixed Income and Smaller Gains
Conversely, Piscataqua Savings Bank demonstrated significant buying interest during Q2 2026. The most substantial purchase was of iShares TR 1-3 Year Credit Bond ETF (IGSB), acquiring an additional 4,100 shares to boost its stake substantially.
The bank also increased its position in iShares Intermediate-Term Treasury ETF (IGIB) by purchasing more shares during the quarter. Furthermore, it added holdings to several other ETFs including Vanguard European Stock Index Fund (VGK), SPDR Small Cap Momentum ETF (SPSM), Fid MSCI Communications Services Index (FCOM), and Ford Motor Co Del Com (F).
Key Changes in Detail
The following table summarizes the key changes observed by Piscataqua Savings Bank during Q2 2026:
- Sell: Microsoft Corp, Alphabet Inc (GOOGL)
- Sell: JPMorgan Chase & Co, PGX ETF
- Purchase: IGSB ETF, IGIB ETF
- Purchase: Other ETFs and smaller stock positions like Ford (F)
Overall Portfolio Impact
The changes reflect a strategic adjustment by Piscataqua Savings Bank, potentially reallocating capital towards fixed income instruments perceived as safer or offering better yields in the current environment. The bank sold substantial portions of its exposure to Microsoft and Alphabet Inc (GOOGL), two of the largest technology companies globally.
Conclusion
In summary, Piscataqua Savings Bank's Q2 2026 activity involved targeted selling in large-cap tech stocks like MSFT and GOOGL, alongside significant purchases of fixed income ETFs such as IGSB. These moves suggest a deliberate portfolio rebalancing strategy focused on managing risk or seeking specific yield opportunities during the quarter.