13F
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Bath Savings Trust Co

13F equity value
$936M
Positions
168
Top 10 concentration
43.2%
Quarters / total new picks
30 / 132
13F equity value over time
$0M$505M$1B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 30 quarters, returned +4.0% per quarter — versus +3.2% per quarter from simply owning every 13F stock. It beat that baseline in only 56.7% of quarters (excess t = 0.38, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.0%
t-stat
0.38
Quarterly win rate
57%
Annualized excess
+3.1%
$1 → follow vs universe
$2.79 vs $2.28
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320190331: universe 0.98520190630: universe 1.05920190930: universe 1.13920191231: universe 0.91920200331: universe 1.10820200630: universe 1.22420200930: universe 1.50120201231: universe 1.56920210331: universe 1.58320210630: universe 1.71020210930: universe 1.53520211231: universe 1.30620220331: universe 1.40220220930: universe 1.50620221231: universe 1.39920230331: universe 1.47420230630: universe 1.42120230930: universe 1.61320231231: universe 1.68620240331: universe 1.72320240630: universe 1.88020240930: universe 1.86420241231: universe 1.73920250331: universe 1.89620250630: universe 1.95620250930: universe 2.19920251231: universe 2.275 20180331: follow 0.92420180630: follow 0.91420180930: follow 0.87520190331: follow 0.87820190630: follow 0.94520190930: follow 0.95220191231: follow 0.84320200331: follow 0.98020200630: follow 1.07220200930: follow 1.04320201231: follow 1.13520210331: follow 1.07520210630: follow 0.98120210930: follow 1.00720211231: follow 0.96020220331: follow 0.97120220930: follow 1.14620221231: follow 1.09820230331: follow 1.07820230630: follow 1.07020230930: follow 1.20820231231: follow 1.29920240331: follow 1.35120240630: follow 1.59720240930: follow 1.59720241231: follow 1.57620250331: follow 1.60220250630: follow 1.63620250930: follow 1.98420251231: follow 2.794 0.78 1.90 3.02 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 168 · 2026 Q1

Ticker Value Weight QoQ
AAPL $68M
7.3%
TRIM
TJX $62M
6.6%
TRIM
GOOGL $53M
5.7%
TRIM
MA $49M
5.2%
HOLD
SYK $36M
3.9%
HOLD
MSFT $35M
3.7%
HOLD
VCSH $27M
2.9%
HOLD
NEE $25M
2.7%
HOLD
XOM $25M
2.7%
HOLD
COST $24M
2.6%
HOLD
LLY $24M
2.5%
ADD
INTU $22M
2.3%
TRIM
ECL $21M
2.2%
HOLD
ADP $20M
2.1%
HOLD
AMZN $20M
2.1%
ADD
BR $17M
1.9%
TRIM
ABT $17M
1.8%
TRIM
WSO $14M
1.5%
TRIM
HEI $13M
1.3%
HOLD
NVDA $12M
1.3%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

BPCARRGLWHIIVYMVYMI

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.