HM PAYSON & CO

HM Payson & Co is an investment management firm based out of Portland Maine. The company was originally established in 1854 by founder Henry Martyn Payson as a financing company specialized in public water companies and has grown from its inception to now operate with an additional office located in Damariscotta, Maine. HM Payson & Co conducts its research internally and externally, utilizing a quantitative methodology to make its investment decisions. The company invests in the growth stocks of companies, allocating its assets in the public equity and fixed income markets within the United States. HM Payson & Co invests most heavily in the finance and information technology sectors, each of which make up approximately a fifth of its total asset allocations, and also invests in the health care, consumer staples, consumer discretionary, industrials, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for just over 25 quarters on average and holds its top 10 allocations, which makes up over a quarter of its total holdings, for 20.9 quarters on average. In the most recent quarter, HM Payson & Co had a turnover rate of approximately 11.8%. HM Payson & Co oversees over $2.6 billion in total assets under management spread across over 2,500 total accounts, all of which are discretionary accounts except for 239 which makes up $288 million of its managed assets. Both of the company’s total number of accounts and total assets under management have been rising steadily in recent years with its total managed assets growing significantly from $1.4 billion back in 2010 to approaching twice that amount today. HM Payson & Co mainly caters to individuals and high net worth individuals, each of which makes up over a third of its client base. The company currently offers its Payson Total Return Fund.