PENOBSCOT WEALTH MANAGEMENT

RIA/Wealth

PENOBSCOT WEALTH MANAGEMENT is a RIA/Wealth based in Portland, ME led by Craig Arthur Joncas, reporting $434.5M in AUM as of Q3 2025 with 94% ETF concentration, 67% concentrated in top 10 holdings, 19% allocation to SPLG, and minimal technology exposure.

CEOCraig Arthur Joncas

Portfolio Value: $311.6M
Positions: 103
Top Holding: SPLG at 19.16%
Last Reported: Q3 2025

AddressOne Monument Square, Suite 501, Portland, ME, 04101, United States

Top Holdings

Largest long holdings in PENOBSCOT WEALTH MANAGEMENT's portfolio (66.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$59.7M	19.16%	+$727.0K Bought	— 761.9K shares	Q2 2021 Held for 4y 5m
2 Dimensional Global Core Plus Fixed Income DFGP	ETF ETF	$44.9M	14.40%	+$4.4M Bought	— 807.5K shares	Q1 2024 Held for 1y 8m
3 Vanguard FTSE Developed Markets VEA	ETF ETF	$34.7M	11.15%	+$1.6M Bought	— 579.8K shares	Q2 2021 Held for 4y 5m
4 iShares Core International Aggregate Bond IAGG	ETF ETF	$14.0M	4.49%	+$1.5M Bought	— 273.0K shares	Q1 2022 Held for 3y 8m
5 Vanguard Information Technology VGT	ETF ETF	$12.2M	3.90%	-$668.2K Sold	— 16.3K shares	Q2 2021 Held for 4y 5m
6 Vanguard FTSE Emerging Markets VWO	ETF ETF	$11.3M	3.63%	+$312.8K Bought	— 208.7K shares	Q2 2021 Held for 4y 5m
7 JPMorgan Active Growth JGRO	ETF ETF	$9.1M	2.92%	+$9.1M New	— 96.9K shares	Q3 2025 Held for 2 months
8 iShares 0-5 Year TIPS Bond STIP	ETF ETF	$8.4M	2.69%	+$866.5K Bought	— 81.0K shares	Q1 2025 Held for 8 months
9 Dimensional International Core Equity 2 DFIC	ETF ETF	$7.6M	2.44%	+$237.2K Bought	— 232.2K shares	Q4 2023 Held for 1y 11m
10 Vanguard Financials VFH	ETF ETF	$5.7M	1.84%	+$62.9K Bought	— 43.6K shares	Q2 2021 Held for 4y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in PENOBSCOT WEALTH MANAGEMENT's latest filing

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Market Value

$311.6M

Prior: $279.3M

Q/Q Change

+11.55%

+$32.3M

Net Flows % of MV

+4.55%

Turnover Ratio

6.05%

New Purchases

6 stocks

$11.7M

Added To

43 stocks

+$13.8M

Sold Out Of

3 stocks

$751.8K

Reduced Holdings

45 stocks

-$10.6M

Increased Positions

Position	Shares Δ	Change
1 JPMorgan Active Growth JGRO	New	0 → 96.9K +$9.1M
2 iShares Core S&P Total U.S. Stock Market ITOT	New	0 → 9.7K +$1.4M
3 iShares S&P Small-Cap 600 Value IJS	New	0 → 4.3K +$480.0K
4 iShares ESG Advanced MSCI USA USXF	New	0 → 5.8K +$329.7K
5 Vanguard Consumer Discretionary ETF VCR	New	0 → 530.0 +$210.1K

Decreased Positions

Position	Shares Δ	Change
1 Netflix NFLX	Sold	199.0 → 0 −$266.5K
2 iShares S&P 500 Value IVE	Sold	1.3K → 0 −$249.0K
3 Visa V	Sold	666.0 → 0 −$236.4K
4 Pacer US Cash Cows 100 COWZ	-58.35%	97.3K → 40.5K −$3.3M
5 SPDR S&P Kensho New Economies Composite KOMP	-47.28%	49.7K → 26.2K −$1.5M