# EDGAR Filing Document

**Accession Number:** 0001504941
**File Stem:** 0001504941-23-000001
**Filing Date:** 2023-2
**Character Count:** 16020
**Document Hash:** e1dacceb068e2a678bb3c65e79d18b79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001504941-23-000001.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001504941-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**EFFECTIVENESS DATE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Portland Global Advisors LLC
- **CENTRAL INDEX KEY:** 0001504941
- **IRS NUMBER:** 043356781
- **STATE OF INCORPORATION:** ME
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14055
- **FILM NUMBER:** 23577432

**BUSINESS ADDRESS:**
- **STREET 1:** 217 COMMERCIAL STREET
- **STREET 2:** SUITE 400
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 207-773-2773

**MAIL ADDRESS:**
- **STREET 1:** 217 COMMERCIAL STREET
- **STREET 2:** SUITE 400
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Portland Global Advisors LLC<br>**Address:** 217 COMMERCIAL STREET<br>SUITE 400<br>PORTLAND, ME 04101

**Form 13F File Number:** 028-14055

**CRD Number (if applicable):** 000109127

**SEC File Number (if applicable):** 028-14055

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Leslie K. Klenk<br>**Title:** Chief Compliance Officer<br>**Phone:** (207) 773-2773

**Signature, Place, and Date of Signing:**

Leslie K. Klenk  Portland, ME  02-01-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 133

**Form 13F Information Table Value Total:** $543457

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M Company | COM | 88579Y101 |  | 748 | 6239 | SH |  | SOLE |  | 0 | 0 | 6239 |
| ABB Ltd | COM | 000375204 |  | 5009 | 164459 | SH |  | SOLE |  | 0 | 0 | 164459 |
| ADM | COM | 039483102 |  | 434 | 4669 | SH |  | SOLE |  | 0 | 0 | 4669 |
| ATN International | COM | 00215f107 |  | 523 | 11549 | SH |  | SOLE |  | 0 | 0 | 11549 |
| AbbVie Inc | COM | 00287y109 |  | 297 | 1835 | SH |  | SOLE |  | 0 | 0 | 1835 |
| Abbott Labs | COM | 002824100 |  | 306 | 2784 | SH |  | SOLE |  | 0 | 0 | 2784 |
| Airbnb Inc. | COM | 009066101 |  | 1843 | 21557 | SH |  | SOLE |  | 0 | 0 | 21557 |
| Alibaba Holdings Ltd | COM | 01609w102 |  | 1616 | 18341 | SH |  | SOLE |  | 0 | 0 | 18341 |
| Alphabet Inc Class A | COM | 02079k305 |  | 445 | 5040 | SH |  | SOLE |  | 0 | 0 | 5040 |
| Alphabet Inc Class C | COM | 02079k107 |  | 350 | 3940 | SH |  | SOLE |  | 0 | 0 | 3940 |
| Amazon.com | COM | 023135106 |  | 1767 | 21030 | SH |  | SOLE |  | 0 | 0 | 21030 |
| Americold Realty Trust | COM | 03064D108 |  | 955 | 33745 | SH |  | SOLE |  | 0 | 0 | 33745 |
| Amgen Inc | COM | 031162100 |  | 5378 | 20477 | SH |  | SOLE |  | 0 | 0 | 20477 |
| Analog Devices Inc | COM | 032654105 |  | 576 | 3512 | SH |  | SOLE |  | 0 | 0 | 3512 |
| Apple Inc | COM | 037833100 |  | 7132 | 54889 | SH |  | SOLE |  | 0 | 0 | 54889 |
| Bank of New York Mellon | COM | 064058100 |  | 3430 | 75348 | SH |  | SOLE |  | 0 | 0 | 75348 |
| Becton Dickinson Co. | COM | 075887109 |  | 3792 | 14910 | SH |  | SOLE |  | 0 | 0 | 14910 |
| Berkshire Hathaway Cl A | COM | 084670108 |  | 937 | 2 | SH |  | SOLE |  | 0 | 0 | 2 |
| Berkshire Hathaway Cl B | COM | 084670702 |  | 1473 | 4769 | SH |  | SOLE |  | 0 | 0 | 4769 |
| Bristol Myers Squibb Co | COM | 110122108 |  | 459 | 6378 | SH |  | SOLE |  | 0 | 0 | 6378 |
| Check Point Software (ISR) | COM | M22465104 |  | 4272 | 33860 | SH |  | SOLE |  | 0 | 0 | 33860 |
| Chevron Corp | COM | 166764100 |  | 297 | 1654 | SH |  | SOLE |  | 0 | 0 | 1654 |
| Chubb Ltd | COM | H1467J104 |  | 1886 | 8550 | SH |  | SOLE |  | 0 | 0 | 8550 |
| Church  Dwight | COM | 171340102 |  | 5047 | 62611 | SH |  | SOLE |  | 0 | 0 | 62611 |
| Cigna | COM | 125523100 |  | 615 | 1856 | SH |  | SOLE |  | 0 | 0 | 1856 |
| Cintas Corp | COM | 172908105 |  | 323 | 715 | SH |  | SOLE |  | 0 | 0 | 715 |
| Cisco Systems | COM | 17275R102 |  | 3663 | 76888 | SH |  | SOLE |  | 0 | 0 | 76888 |
| Colgate | COM | 194162103 |  | 331 | 4206 | SH |  | SOLE |  | 0 | 0 | 4206 |
| Costco Wholesale Corp. | COM | 22160K105 |  | 210 | 459 | SH |  | SOLE |  | 0 | 0 | 459 |
| Diageo PLC | COM | 25243Q205 |  | 5517 | 30960 | SH |  | SOLE |  | 0 | 0 | 30960 |
| Dover Corp | COM | 260003108 |  | 263 | 1945 | SH |  | SOLE |  | 0 | 0 | 1945 |
| Eaton Corp PLC | COM | G29183103 |  | 1875 | 11948 | SH |  | SOLE |  | 0 | 0 | 11948 |
| Eli Lilly | COM | 532457108 |  | 464 | 1269 | SH |  | SOLE |  | 0 | 0 | 1269 |
| Emerson Electric | COM | 291011104 |  | 480 | 4995 | SH |  | SOLE |  | 0 | 0 | 4995 |
| Enanta Pharmaceuticals Inc | COM | 29251m106 |  | 1684 | 36205 | SH |  | SOLE |  | 0 | 0 | 36205 |
| Engine No. 1 Transform 500 ETF | COM | 29287L106 |  | 371 | 8380 | SH |  | SOLE |  | 0 | 0 | 8380 |
| Exxon Mobil Corp | COM | 30231G102 |  | 1103 | 9999 | SH |  | SOLE |  | 0 | 0 | 9999 |
| FEMSA | COM | 344419106 |  | 2860 | 36606 | SH |  | SOLE |  | 0 | 0 | 36606 |
| FedEx Corp. | COM | 31428X106 |  | 3852 | 22238 | SH |  | SOLE |  | 0 | 0 | 22238 |
| Fifth Third Bancorp | COM | 316773100 |  | 556 | 16959 | SH |  | SOLE |  | 0 | 0 | 16959 |
| First Bancorp | COM | 31866p102 |  | 320 | 10690 | SH |  | SOLE |  | 0 | 0 | 10690 |
| General Electric | COM | 369604301 |  | 323 | 3856 | SH |  | SOLE |  | 0 | 0 | 3856 |
| General Mills | COM | 370334104 |  | 852 | 10164 | SH |  | SOLE |  | 0 | 0 | 10164 |
| Global X Genomics  Biotechnol | COM | 37954Y434 |  | 2734 | 216133 | SH |  | SOLE |  | 0 | 0 | 216133 |
| Hasbro Corp | COM | 418056107 |  | 2896 | 47466 | SH |  | SOLE |  | 0 | 0 | 47466 |
| Hershey Foods Corp | COM | 427866108 |  | 4891 | 21122 | SH |  | SOLE |  | 0 | 0 | 21122 |
| Home Depot | COM | 437076102 |  | 375 | 1188 | SH |  | SOLE |  | 0 | 0 | 1188 |
| Honeywell International | COM | 438516106 |  | 1239 | 5782 | SH |  | SOLE |  | 0 | 0 | 5782 |
| Hubbell Inc | COM | 443510607 |  | 6333 | 26986 | SH |  | SOLE |  | 0 | 0 | 26986 |
| IBM | COM | 459200101 |  | 4858 | 34480 | SH |  | SOLE |  | 0 | 0 | 34480 |
| Idexx Labs | COM | 45168D104 |  | 1244 | 3049 | SH |  | SOLE |  | 0 | 0 | 3049 |
| Intel | COM | 458140100 |  | 2691 | 101800 | SH |  | SOLE |  | 0 | 0 | 101800 |
| JP Morgan Chase  Co. | COM | 46625H100 |  | 747 | 5573 | SH |  | SOLE |  | 0 | 0 | 5573 |
| Johnson  Johnson | COM | 478160104 |  | 1808 | 10237 | SH |  | SOLE |  | 0 | 0 | 10237 |
| Kellogg Co | COM | 487836108 |  | 387 | 5430 | SH |  | SOLE |  | 0 | 0 | 5430 |
| Linde PLC | COM | G5494J103 |  | 202 | 620 | SH |  | SOLE |  | 0 | 0 | 620 |
| McCormick Inc | COM | 579780206 |  | 3019 | 36420 | SH |  | SOLE |  | 0 | 0 | 36420 |
| McDonald's | COM | 580135101 |  | 1794 | 6809 | SH |  | SOLE |  | 0 | 0 | 6809 |
| MercadoLibre Inc. | COM | 58733R102 |  | 1280 | 1512 | SH |  | SOLE |  | 0 | 0 | 1512 |
| Merck  Co | COM | 58933y105 |  | 1686 | 15195 | SH |  | SOLE |  | 0 | 0 | 15195 |
| Microsoft | COM | 594918104 |  | 10167 | 42393 | SH |  | SOLE |  | 0 | 0 | 42393 |
| Netflix Inc. | COM | 64110l106 |  | 469 | 1590 | SH |  | SOLE |  | 0 | 0 | 1590 |
| Nextera Energy Inc. | COM | 65339f101 |  | 222 | 2660 | SH |  | SOLE |  | 0 | 0 | 2660 |
| Nike Inc B | COM | 654106103 |  | 211 | 1807 | SH |  | SOLE |  | 0 | 0 | 1807 |
| Norfolk Southern | COM | 655844108 |  | 5504 | 22334 | SH |  | SOLE |  | 0 | 0 | 22334 |
| Oracle | COM | 68389X105 |  | 245 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| Palo Alto Networks Inc | COM | 697435105 |  | 3289 | 23573 | SH |  | SOLE |  | 0 | 0 | 23573 |
| Pepsico | COM | 713448108 |  | 406 | 2249 | SH |  | SOLE |  | 0 | 0 | 2249 |
| Pfizer | COM | 717081103 |  | 651 | 12714 | SH |  | SOLE |  | 0 | 0 | 12714 |
| Philip Morris Int'l | COM | 718172109 |  | 301 | 2970 | SH |  | SOLE |  | 0 | 0 | 2970 |
| Procter  Gamble | COM | 742718109 |  | 1714 | 11311 | SH |  | SOLE |  | 0 | 0 | 11311 |
| Qualcomm Inc. | COM | 747525103 |  | 212 | 1924 | SH |  | SOLE |  | 0 | 0 | 1924 |
| Rockwell Automation Inc | COM | 773903109 |  | 6241 | 24232 | SH |  | SOLE |  | 0 | 0 | 24232 |
| SPDR Gold Shares | COM | 78463v107 |  | 374 | 2202 | SH |  | SOLE |  | 0 | 0 | 2202 |
| SPDR S 500 | COM | 78462F103 |  | 56314 | 147252 | SH |  | SOLE |  | 0 | 0 | 147252 |
| SPDR S Mid Cap 400 | COM | 78467Y107 |  | 37170 | 83945 | SH |  | SOLE |  | 0 | 0 | 83945 |
| Schwab US REIT | COM | 808524847 |  | 291 | 15078 | SH |  | SOLE |  | 0 | 0 | 15078 |
| Shell PLC ADR | COM | 780259305 |  | 2618 | 45975 | SH |  | SOLE |  | 0 | 0 | 45975 |
| Sherwin Williams | COM | 824348106 |  | 720 | 3033 | SH |  | SOLE |  | 0 | 0 | 3033 |
| Smith  Nephew (UK) ADR | COM | 83175M205 |  | 532 | 19784 | SH |  | SOLE |  | 0 | 0 | 19784 |
| TSMC | COM | 874039100 |  | 345 | 4625 | SH |  | SOLE |  | 0 | 0 | 4625 |
| Texas Instruments | COM | 882508104 |  | 6247 | 37809 | SH |  | SOLE |  | 0 | 0 | 37809 |
| Thermo Fisher Scientific | COM | 883556102 |  | 300 | 544 | SH |  | SOLE |  | 0 | 0 | 544 |
| US Bancorp | COM | 902973304 |  | 2172 | 49794 | SH |  | SOLE |  | 0 | 0 | 49794 |
| Unilever PLC | COM | 904767704 |  | 4859 | 96502 | SH |  | SOLE |  | 0 | 0 | 96502 |
| Vanguard All World ex-US | COM | 922042775 |  | 3593 | 71663 | SH |  | SOLE |  | 0 | 0 | 71663 |
| Vanguard CRSP Mid Cap | COM | 922908629 |  | 1211 | 5944 | SH |  | SOLE |  | 0 | 0 | 5944 |
| Vanguard Emerging Markets | COM | 922042858 |  | 16684 | 428005 | SH |  | SOLE |  | 0 | 0 | 428005 |
| Vanguard FTSE All World ex-US | COM | 922042718 |  | 9440 | 91816 | SH |  | SOLE |  | 0 | 0 | 91816 |
| Vanguard FTSE Developed Market | COM | 921943858 |  | 11212 | 267153 | SH |  | SOLE |  | 0 | 0 | 267153 |
| Vanguard Large Cap Value | COM | 922908744 |  | 252 | 1796 | SH |  | SOLE |  | 0 | 0 | 1796 |
| Vanguard Russell 2000 Value | COM | 92206C649 |  | 485 | 3979 | SH |  | SOLE |  | 0 | 0 | 3979 |
| Vanguard S 500 | COM | 922908363 |  | 1372 | 3905 | SH |  | SOLE |  | 0 | 0 | 3905 |
| Vanguard Total US Market | COM | 922908769 |  | 13010 | 68048 | SH |  | SOLE |  | 0 | 0 | 68048 |
| Walt Disney Company | COM | 254687106 |  | 291 | 3352 | SH |  | SOLE |  | 0 | 0 | 3352 |
| Waters Corp | COM | 941848103 |  | 312 | 912 | SH |  | SOLE |  | 0 | 0 | 912 |
| Westrock Co | COM | 96145d105 |  | 294 | 8369 | SH |  | SOLE |  | 0 | 0 | 8369 |
| WisdomTree Emerging Markets Sm | COM | 97717W281 |  | 3676 | 83572 | SH |  | SOLE |  | 0 | 0 | 83572 |
| WisdomTree India Fund | COM | 97717w422 |  | 1216 | 37326 | SH |  | SOLE |  | 0 | 0 | 37326 |
| Xylem Inc | COM | 98419m100 |  | 3787 | 34249 | SH |  | SOLE |  | 0 | 0 | 34249 |
| iShares Core MSCI EAFE | COM | 46432f842 |  | 10047 | 162988 | SH |  | SOLE |  | 0 | 0 | 162988 |
| iShares Core MSCI Emerging Mar | COM | 46434G103 |  | 6458 | 138296 | SH |  | SOLE |  | 0 | 0 | 138296 |
| iShares Core S 500 | COM | 464287200 |  | 16111 | 41934 | SH |  | SOLE |  | 0 | 0 | 41934 |
| iShares ESG MSCI EAFE Index | COM | 46435g516 |  | 1100 | 16740 | SH |  | SOLE |  | 0 | 0 | 16740 |
| iShares ESG MSCI Emerging Mark | COM | 46434g863 |  | 323 | 10735 | SH |  | SOLE |  | 0 | 0 | 10735 |
| iShares ESG USA Mid/Small Cap | COM | 46435u663 |  | 1087 | 33055 | SH |  | SOLE |  | 0 | 0 | 33055 |
| iShares MSCI All-Country World | COM | 464288257 |  | 230 | 2711 | SH |  | SOLE |  | 0 | 0 | 2711 |
| iShares MSCI EAFE Index | COM | 464287465 |  | 16689 | 254257 | SH |  | SOLE |  | 0 | 0 | 254257 |
| iShares MSCI Emerging Markets | COM | 464287234 |  | 8738 | 230549 | SH |  | SOLE |  | 0 | 0 | 230549 |
| iShares MSCI Emerging Mkts Ex | COM | 46434G764 |  | 413 | 8695 | SH |  | SOLE |  | 0 | 0 | 8695 |
| iShares MSCI USA ESG Select ET | COM | 464288802 |  | 943 | 11455 | SH |  | SOLE |  | 0 | 0 | 11455 |
| iShares Mid Cap S 400 | COM | 464287507 |  | 27065 | 111889 | SH |  | SOLE |  | 0 | 0 | 111889 |
| iShares Russell 2000 | COM | 464287655 |  | 11861 | 68028 | SH |  | SOLE |  | 0 | 0 | 68028 |
| iShares Russell 3000 Index | COM | 464287689 |  | 1169 | 5295 | SH |  | SOLE |  | 0 | 0 | 5295 |
| iShares Russell Microcap | COM | 464288869 |  | 442 | 4100 | SH |  | SOLE |  | 0 | 0 | 4100 |
| iShares S 100 Index | COM | 464287101 |  | 386 | 2263 | SH |  | SOLE |  | 0 | 0 | 2263 |
| iShares S 500 Growth | COM | 464287309 |  | 224 | 3836 | SH |  | SOLE |  | 0 | 0 | 3836 |
| iShares Select Dividend | COM | 464287168 |  | 1041 | 8630 | SH |  | SOLE |  | 0 | 0 | 8630 |
| iShares Small Cap S 600 | COM | 464287804 |  | 1392 | 14712 | SH |  | SOLE |  | 0 | 0 | 14712 |
| SPDR Investment Grade Floating | COM | 78468R200 |  | 11694 | 384786 | SH |  | SOLE |  | 0 | 0 | 384786 |
| SPDR Portfolio Intermediate Tr | COM | 78464a672 |  | 7824 | 277054 | SH |  | SOLE |  | 0 | 0 | 277054 |
| SPDR Portfolio Short Term Trea | COM | 78468r101 |  | 13973 | 483672 | SH |  | SOLE |  | 0 | 0 | 483672 |
| Vanguard Intermediate-Term Tre | COM | 92206C706 |  | 8455 | 144586 | SH |  | SOLE |  | 0 | 0 | 144586 |
| Vanguard Short-Term TIPS Bond | COM | 922020805 |  | 12910 | 276383 | SH |  | SOLE |  | 0 | 0 | 276383 |
| Vanguard Short-Term Treasury E | COM | 92206C102 |  | 14473 | 250311 | SH |  | SOLE |  | 0 | 0 | 250311 |
| Vanguard Tax-Exempt Bond Index | COM | 922907746 |  | 756 | 15285 | SH |  | SOLE |  | 0 | 0 | 15285 |
| iShares 0-5 Year TIPS Bond ETF | COM | 46429b747 |  | 13392 | 138119 | SH |  | SOLE |  | 0 | 0 | 138119 |
| iShares AAA-A Rated Corporate | COM | 46429B291 |  | 3256 | 70283 | SH |  | SOLE |  | 0 | 0 | 70283 |
| iShares Floating Rate Bond ETF | COM | 46429B655 |  | 11750 | 233459 | SH |  | SOLE |  | 0 | 0 | 233459 |
| iShares GNMA Bond ETF | COM | 46429B333 |  | 7699 | 176961 | SH |  | SOLE |  | 0 | 0 | 176961 |
| iShares MBS ETF | COM | 464288588 |  | 6948 | 74907 | SH |  | SOLE |  | 0 | 0 | 74907 |
| iShares Short-Term National Mu | COM | 464288158 |  | 3134 | 30056 | SH |  | SOLE |  | 0 | 0 | 30056 |
| iShares Ultra Short Term Bond | COM | 46434V878 |  | 248 | 4950 | SH |  | SOLE |  | 0 | 0 | 4950 |

---