Agate Pass Investment Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 9, 2024), Agate Pass Investment Management, LLC reported 94 stock positions worth $200.4 million. Its top holding was Abbvie (ABBV) at 5.9% of the portfolio, followed by Vanguard Most SM-Cap ETF-Usd (VB, 5.6%) and Apple (AAPL, 5.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 25 and reduced 55. The biggest buy was a new position in Salesforce (CRM) and the biggest sale Alphabet Class A (GOOGL, shares −3%).

Most Recent 13F
Q2 2026
Location
BAINBRIDGE ISLAND, WA
CIK
0001900409
Portfolio Value
$200.4M (Q3 2024)
SEC Filing
0001900409-24-000006 ↗ filed Oct 9, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $186.4M Q1 2024 Q2 2024: $188.0M Q2 2024 Q3 2024: $200.4M $200.4M Q3 2024 Q4 2024: $221.2M Q4 2024 Q1 2025: $233.8M Q1 2025 Q2 2025: $243.5M Q2 2025 Q3 2025: $262.8M Q3 2025 Q4 2025: $269.2M Q4 2025 Q1 2026: $255.5M Q1 2026 Q2 2026: $271.2M Q2 2026

Holdings 94 stocks · $200.4M
ABBV Abbvie Inc. 5.88% 59,642 $11.8M Reduce -0.7%
VB Vanguard Most SM-Cap ETF-Usd 5.62% 47,460 $11.3M Add +2.8%
AAPL Apple Inc. 5.25% 45,120 $10.5M Reduce -1.9%
MSFT Microsoft Corp. 4.78% 22,250 $9.6M Reduce -2.6%
ABT Abbott Laboratories 4.01% 70,453 $8.0M Reduce -0.5%
GOOGL Alphabet Inc. Class A 3.71% 44,805 $7.4M Reduce -3.5%
VEU Vanguard Ftse All-World Ex-U 3.55% 112,795 $7.1M Reduce -1.1%
VUG Vanguard Mrngstar GR ETF-Sui 2.86% 14,925 $5.7M Reduce -1.3%
ICSH iShares Ultra Short Duration 2.42% 95,710 $4.9M Reduce -6.5%
JPM JPMorgan Chase & Co. 2.03% 19,250 $4.1M Reduce -1.4%
FISV Fiserv Inc. 1.99% 22,152 $4.0M Reduce -5.0%
IGSB iShares 1-5Y Inv Grade Corp. 1.96% 74,545 $3.9M Reduce -6.6%
CPAY Corpay Inc. 1.89% 12,109 $3.8M Reduce -2.8%
DHR Danaher Corp. 1.86% 13,402 $3.7M Reduce -1.3%
ORCL Oracle Corp. 1.83% 21,516 $3.7M Add +0.5%
LOW Lowe's Cos Inc. 1.80% 13,305 $3.6M Reduce -0.8%
JNJ Johnson & Johnson 1.75% 21,640 $3.5M Add +0.3%
MA Mastercard Inc. Class A 1.72% 6,982 $3.4M Reduce -1.6%
IGIB iShares 5-10Y Inv Grade Corp. 1.71% 63,877 $3.4M Add +1.3%
VOO Vanguard S&P 500 ETF 1.70% 6,446 $3.4M Reduce -1.7%
HUBB Hubbell Inc. 1.60% 7,477 $3.2M Reduce -2.0%
ADP Automatic Data Processing 1.59% 11,531 $3.2M Reduce -0.8%
PEP Pepsico Inc. 1.35% 15,893 $2.7M Reduce -0.6%
VCSH Vanguard S/T Corp. Bond ETF 1.27% 32,030 $2.5M Reduce -2.3%
GPC Genuine Parts Co. 1.24% 17,785 $2.5M Add +2.2%
COST Costco Wholesale Corp. 1.21% 2,725 $2.4M Reduce -1.6%
TXN Texas Instruments Inc. 1.16% 11,210 $2.3M Add +1.1%
CSCO Cisco Systems Inc. 1.14% 42,768 $2.3M Reduce -0.5%
XOM Exxon Mobil Corp. 1.09% 18,699 $2.2M Add +0.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.07% 37,758 $2.1M Add +0.3%
SCHD Schwab US DVD Equity ETF 1.04% 24,727 $2.1M Reduce -6.9%
APD Air Products & Chemicals Inc. 1.03% 6,902 $2.1M Add +2.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.00% 3,484 $2.0M Reduce -12.9%
PLD Prologis Inc. 0.98% 15,479 $2.0M Add +2.3%
PG The Procter & Gamble Co. 0.93% 10,723 $1.9M Reduce -0.5%
XLK SS Technology Select Sector 0.88% 7,801 $1.8M Add +17.7%
RTX RTX Corp. 0.87% 14,392 $1.7M Reduce -2.0%
MDT Medtronic PLC 0.85% 19,001 $1.7M Reduce -4.3%
ENB Enbridge Inc. 0.83% 40,989 $1.7M Reduce -2.1%
NKE Nike Inc. Class B 0.81% 18,295 $1.6M Add +53.2%
NVO Novo-Nordisk A/S-Spons ADR 0.76% 12,750 $1.5M Reduce -3.6%
VCIT Vanguard Int-Term Corporate 0.74% 17,713 $1.5M Add +6.9%
AFL Aflac Inc. 0.73% 13,087 $1.5M Reduce -6.8%
CRM Salesforce Inc. 0.68% 5,004 $1.4M New
GOOG Alphabet Inc. Class C 0.68% 8,164 $1.4M No change
BRK.B Berkshire Hathaway Inc. Class B 0.65% 2,827 $1.3M Add +14.2%
V Visa Inc. Class A 0.64% 4,698 $1.3M Reduce -0.4%
CPRT Copart Inc. 0.64% 24,564 $1.3M Reduce -3.1%
SDY SS SPDR S&P Dividend ETF 0.63% 8,867 $1.3M Add +0.5%
AMAT Applied Materials Inc. 0.63% 6,200 $1.3M Add +1.6%
AMGN Amgen Inc. 0.61% 3,825 $1.2M Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 12,694 $1.2M Reduce -2.8%
SYY Sysco Corp. 0.60% 15,311 $1.2M Reduce -0.4%
WWD Woodward Inc. 0.56% 6,498 $1.1M Reduce -2.1%
LIN Linde PLC 0.52% 2,194 $1.0M Reduce -1.1%
IVV iShares Core S&P 500 ETF 0.52% 1,791 $1.0M Add +1.9%
AMZN Amazon.com Inc. 0.48% 5,178 $965K Reduce -9.7%
VIG Vanguard Dividend Apprec ETF 0.45% 4,515 $894K Reduce -8.8%
XLE SS Energy Select Sector 0.44% 10,114 $888K Add +5.7%
UNH Unitedhealth Group Inc. 0.44% 1,504 $879K Add +4.0%
VTI VG Morningstar TS MKT ETF-US 0.40% 2,819 $798K No change
FTV Fortive Corp. 0.38% 9,667 $763K Reduce -3.0%
PH Parker Hannifin Corp. 0.38% 1,201 $759K Reduce -5.1%
XLV SS Health Care Select Sector 0.37% 4,763 $734K Reduce -2.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.36% 3,576 $718K Reduce -2.7%
VTEB Vanguard Tax-Exempt Bond ETF 0.33% 12,898 $659K Add +10.7%
IWM iShares Russell 2000 ETF 0.33% 2,959 $654K Add +0.0%
BLK BlackRock Finance Inc. 0.32% 679 $645K Add +3.8%
DUK Duke Energy Corp. 0.32% 5,583 $644K Reduce -5.3%
CVX Chevron Corp. 0.29% 3,899 $574K Reduce -1.6%
XLY SS Consumer Disc Select Sect 0.28% 2,819 $565K Add +120.9%
USMV iShares MSCI USA Min Vol Fac 0.27% 5,964 $545K No change
HES Hess Corp. 0.27% 3,980 $540K No change
COP Conocophillips 0.27% 5,083 $535K Reduce -2.1%
AXP American Express Co. 0.26% 1,885 $511K Reduce -6.1%
VCR Vanguard Consumer Discre ETF 0.22% 1,276 $434K Add +8.5%
SHM SS SPDR N Ice St Muni ETF 0.19% 7,907 $381K Reduce -15.9%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.18% 1,378 $368K No change
AMT American Tower Corp. 0.18% 1,566 $364K No change
VYM Vanguard High DVD Yield ETF 0.18% 2,840 $364K No change
RJF Raymond James Financial Inc. 0.18% 2,968 $363K Reduce -14.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.17% 4,310 $348K Add +14.7%
SHW The Sherwin-Williams Co. 0.17% 878 $335K No change
SBUX Starbucks Corp. 0.16% 3,333 $325K Reduce -8.9%
XLF SS Financial Select Sector 0.16% 7,108 $322K Reduce -16.6%
SUB iShares Short-Term National 0.16% 2,948 $313K No change
MCD McDonald's Corp. 0.16% 1,024 $312K Reduce -7.3%
BALL Ball Corp. 0.14% 4,076 $277K No change
JPST JPMorgan Ultra-Short Income 0.13% 5,284 $268K Reduce -15.9%
RMD Resmed Inc. 0.13% 1,053 $257K No change
HD Home Depot Inc. 0.12% 607 $246K No change
SON Sonoco Products Co. 0.12% 4,330 $237K Reduce -7.6%
FSBW FS Bancorp Inc. 0.12% 5,240 $233K Reduce -50.0%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.11% 211 $219K New

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -3.5% 3.71% −0.79
MSFT Microsoft Corp. Reduce -2.6% 4.78% −0.65
ICSH iShares Ultra Short Duration Reduce -6.5% 2.42% −0.33
NVO Novo-Nordisk A/S-Spons ADR Reduce -3.6% 0.76% −0.25
IGSB iShares 1-5Y Inv Grade Corp. Reduce -6.6% 1.96% −0.22
SPY SS SPDR S&P 500 ETF Trust-US Reduce -12.9% 1.00% −0.16
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.3% 2.86% −0.15
CCK Crown Holdings Inc. Sold out 0.00% −0.11
AMZN Amazon.com Inc. Reduce -9.7% 0.48% −0.11
LEG Leggett & Platt Inc. Sold out 0.00% −0.10
CPRT Copart Inc. Reduce -3.1% 0.64% −0.09
FSBW FS Bancorp Inc. Reduce -50.0% 0.12% −0.09
DIS The Walt Disney Co. Reduce -2.8% 0.61% −0.08
VCSH Vanguard S/T Corp. Bond ETF Reduce -2.3% 1.27% −0.08
JPM JPMorgan Chase & Co. Reduce -1.4% 2.03% −0.08
WWD Woodward Inc. Reduce -2.1% 0.56% −0.06
SCHD Schwab US DVD Equity ETF Reduce -6.9% 1.04% −0.06
PEP Pepsico Inc. Reduce -0.6% 1.35% −0.05
COP Conocophillips Reduce -2.1% 0.27% −0.05
VOO Vanguard S&P 500 ETF Reduce -1.7% 1.70% −0.05
RJF Raymond James Financial Inc. Reduce -14.4% 0.18% −0.05
SHM SS SPDR N Ice St Muni ETF Reduce -15.9% 0.19% −0.05
COST Costco Wholesale Corp. Reduce -1.6% 1.21% −0.05
CVX Chevron Corp. Reduce -1.6% 0.29% −0.04
JPST JPMorgan Ultra-Short Income Reduce -15.9% 0.13% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -8.8% 0.45% −0.03
XLF SS Financial Select Sector Reduce -16.6% 0.16% −0.03
AMGN Amgen Inc. Reduce -0.1% 0.61% −0.02
PG The Procter & Gamble Co. Reduce -0.5% 0.93% −0.02
V Visa Inc. Class A Reduce -0.4% 0.64% −0.01
FTV Fortive Corp. Reduce -3.0% 0.38% −0.01
XLV SS Health Care Select Sector Reduce -2.3% 0.37% −0.01
VEU Vanguard Ftse All-World Ex-U Reduce -1.1% 3.55% −0.01
SON Sonoco Products Co. Reduce -7.6% 0.12% −0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -2.7% 0.36% +0.00
LIN Linde PLC Reduce -1.1% 0.52% +0.00
MCD McDonald's Corp. Reduce -7.3% 0.16% +0.01
DUK Duke Energy Corp. Reduce -5.3% 0.32% +0.01
AXP American Express Co. Reduce -6.1% 0.26% +0.01
SBUX Starbucks Corp. Reduce -8.9% 0.16% +0.01
SYY Sysco Corp. Reduce -0.4% 0.60% +0.01
MDT Medtronic PLC Reduce -4.3% 0.85% +0.02
ENB Enbridge Inc. Reduce -2.1% 0.83% +0.04
PH Parker Hannifin Corp. Reduce -5.1% 0.38% +0.04
CSCO Cisco Systems Inc. Reduce -0.5% 1.14% +0.05
DHR Danaher Corp. Reduce -1.3% 1.86% +0.06
MA Mastercard Inc. Class A Reduce -1.6% 1.72% +0.06
AFL Aflac Inc. Reduce -6.8% 0.73% +0.06
RTX RTX Corp. Reduce -2.0% 0.87% +0.09
AAPL Apple Inc. Reduce -1.9% 5.25% +0.09

Portfolio Buys Q2 2024 → Q3 2024
CRM Salesforce Inc. New 0.68% +0.68
NKE Nike Inc. Class B Add +53.2% 0.81% +0.33
VB Vanguard Most SM-Cap ETF-Usd Add +2.8% 5.62% +0.26
ORCL Oracle Corp. Add +0.5% 1.83% +0.22
XLY SS Consumer Disc Select Sect Add +120.9% 0.28% +0.16
BRK.B Berkshire Hathaway Inc. Class B Add +14.2% 0.65% +0.11
GWW WW Grainger Inc. New 0.11% +0.11
APD Air Products & Chemicals Inc. Add +2.5% 1.03% +0.10
XLK SS Technology Select Sector Add +17.7% 0.88% +0.08
JNJ Johnson & Johnson Add +0.3% 1.75% +0.07
PLD Prologis Inc. Add +2.3% 0.98% +0.07
BLK BlackRock Finance Inc. Add +3.8% 0.32% +0.05
UNH Unitedhealth Group Inc. Add +4.0% 0.44% +0.05
XLU St Sr Utl SL SE SPDR ETF-Usd Add +14.7% 0.17% +0.04
VCIT Vanguard Int-Term Corporate Add +6.9% 0.74% +0.04
SDY SS SPDR S&P Dividend ETF Add +0.5% 0.63% +0.03
VCR Vanguard Consumer Discre ETF Add +8.5% 0.22% +0.02
WRB WR Berkley Corp. Add +0.3% 1.07% +0.02
VTEB Vanguard Tax-Exempt Bond ETF Add +10.7% 0.33% +0.02
TXN Texas Instruments Inc. Add +1.1% 1.16% +0.01
IWM iShares Russell 2000 ETF Add +0.0% 0.33% +0.01
IVV iShares Core S&P 500 ETF Add +1.9% 0.52% +0.00
IGIB iShares 5-10Y Inv Grade Corp. Add +1.3% 1.71% −0.01
XLE SS Energy Select Sector Add +5.7% 0.44% −0.02
GPC Genuine Parts Co. Add +2.2% 1.24% −0.04
XOM Exxon Mobil Corp. Add +0.4% 1.09% −0.05
AMAT Applied Materials Inc. Add +1.6% 0.63% −0.14

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 109$271.2MGOOGL, AAPL, ABBV, VOO, VB
Q1 2026 105$255.5MABBV, GOOGL, AAPL, VB, VOO
Q4 2025 106$269.2MGOOGL, ABBV, AAPL, MSFT, VB
Q3 2025 103$262.8MABBV, MSFT, AAPL, GOOGL, VB
Q2 2025 107$243.5MABBV, MSFT, VB, AAPL, GOOGL
Q1 2025 107$233.8MABBV, AAPL, VB, ABT, MSFT
Q4 2024 107$221.2MVB, AAPL, ABBV, MSFT, GOOGL
Q3 2024 94$200.4MABBV, VB, AAPL, MSFT, ABT
Q2 2024 94$188.0MABBV, MSFT, VB, AAPL, GOOGL
Q1 2024 95$186.4MABBV, VB, MSFT, ABT, AAPL