Grove Bank & Trust

Grove Bank & Trust reported an $884.4M 13F portfolio for Q1 2026, but the headline is not a single stock-picking call. The book is built like a broad trust and advisory allocation: VOO alone is 8.39%, AAPL is 4.64%, IJH is 4.60%, and ETF exposure dominates the largest positions. That makes the most useful read a portfolio-construction one: the filing shows diversified client-style exposure with a clear ETF core, not an active-manager conviction book.

The quarter still contains a real allocation signal. Grove sharply lifted energy ETF exposure, more than doubling shares in XLE and VDE, while cutting VNQ by roughly 71% and trimming AAPL, MSFT, AMZN, and NVDA. The move says more about factor and sleeve rotation than bottom-up security selection: energy and short-duration bond exposure rose while real estate and some mega-cap technology weight came down.