Agate Pass Investment Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 13, 2025), Agate Pass Investment Management, LLC reported 107 stock positions worth $221.2 million. Its top holding was Vanguard Most SM-Cap ETF-Usd (VB) at 5.3% of the portfolio, followed by Apple (AAPL, 5.3%) and Abbvie (ABBV, 5.2%). Compared with Q3 2024, it opened 14 new positions, sold out of 1, added to 37 and reduced 35. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +31%) and the biggest sale Vanguard Ftse All-World Ex-U (VEU, shares −10%).

Most Recent 13F
Q2 2026
Location
BAINBRIDGE ISLAND, WA
CIK
0001900409
Portfolio Value
$221.2M (Q4 2024)
SEC Filing
0001900409-25-000001 ↗ filed Jan 13, 2025

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 Q3 2024 Q4 2024: $221.2M $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 107 stocks · $221.2M
VB Vanguard Most SM-Cap ETF-Usd 5.31% 48,873 $11.7M Add +3.0%
AAPL Apple Inc. 5.30% 46,775 $11.7M Add +3.7%
ABBV Abbvie Inc. 5.22% 64,956 $11.5M Add +8.9%
MSFT Microsoft Corp. 4.54% 23,806 $10.0M Add +7.0%
GOOGL Alphabet Inc. Class A 4.11% 47,968 $9.1M Add +7.1%
VUG Vanguard Mrngstar GR ETF-Sui 3.62% 19,494 $8.0M Add +30.6%
ABT Abbott Laboratories 3.61% 70,498 $8.0M Add +0.1%
JPM JPMorgan Chase & Co. 2.74% 25,284 $6.1M Add +31.4%
VEU Vanguard Ftse All-World Ex-U 2.63% 101,500 $5.8M Reduce -10.0%
ICSH iShares Ultra Short Duration 2.28% 100,124 $5.0M Add +4.6%
FISV Fiserv Inc. 1.99% 21,391 $4.4M Reduce -3.4%
IGSB iShares 1-5Y Inv Grade Corp. 1.72% 73,697 $3.8M Reduce -1.1%
ORCL Oracle Corp. 1.66% 21,997 $3.7M Add +2.2%
MA Mastercard Inc. Class A 1.63% 6,857 $3.6M Reduce -1.8%
VOO Vanguard S&P 500 ETF 1.59% 6,542 $3.5M Add +1.5%
CPAY Corpay Inc. 1.57% 10,234 $3.5M Reduce -15.5%
JNJ Johnson & Johnson 1.56% 23,843 $3.4M Add +10.2%
IGIB iShares 5-10Y Inv Grade Corp. 1.51% 64,786 $3.3M Add +1.4%
CSCO Cisco Systems Inc. 1.48% 55,374 $3.3M Add +29.5%
LOW Lowe's Cos Inc. 1.48% 13,240 $3.3M Reduce -0.5%
ADP Automatic Data Processing 1.47% 11,086 $3.2M Reduce -3.9%
DHR Danaher Corp. 1.41% 13,580 $3.1M Add +1.3%
HUBB Hubbell Inc. 1.38% 7,283 $3.1M Reduce -2.6%
PEP Pepsico Inc. 1.33% 19,308 $2.9M Add +21.5%
PG The Procter & Gamble Co. 1.19% 15,664 $2.6M Add +46.1%
VCSH Vanguard S/T Corp. Bond ETF 1.13% 31,981 $2.5M Reduce -0.1%
COST Costco Wholesale Corp. 1.11% 2,684 $2.5M Reduce -1.5%
RTX RTX Corp. 1.09% 20,867 $2.4M Add +45.0%
CRM Salesforce Inc. 1.09% 7,221 $2.4M Add +44.3%
XLK SS Technology Select Sector 1.04% 9,914 $2.3M Add +27.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 1.01% 38,243 $2.2M Add +1.3%
TXN Texas Instruments Inc. 0.98% 11,599 $2.2M Add +3.5%
APD Air Products & Chemicals Inc. 0.92% 6,984 $2.0M Add +1.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.92% 3,454 $2.0M Reduce -0.9%
SCHD Schwab US DVD Equity ETF 0.90% 73,255 $2.0M Reduce -1.3%
XOM Exxon Mobil Corp. 0.90% 18,535 $2.0M Reduce -0.9%
GPC Genuine Parts Co. 0.87% 16,548 $1.9M Reduce -7.0%
BRK.B Berkshire Hathaway Inc. Class B 0.81% 3,937 $1.8M Add +39.3%
XLY SS Consumer Disc Select Sect 0.79% 7,828 $1.8M Add +177.7%
ENB Enbridge Inc. 0.78% 40,489 $1.7M Reduce -1.2%
V Visa Inc. Class A 0.74% 5,184 $1.6M Add +10.3%
PLD Prologis Inc. 0.74% 15,388 $1.6M Reduce -0.6%
MDT Medtronic PLC 0.71% 19,746 $1.6M Add +3.9%
GOOG Alphabet Inc. Class C 0.70% 8,164 $1.6M No change
VCIT Vanguard Int-Term Corporate 0.68% 18,649 $1.5M Add +5.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.64% 12,692 $1.4M Reduce -0.0%
CPRT Copart Inc. 0.64% 24,529 $1.4M Reduce -0.1%
IWM iShares Russell 2000 ETF 0.62% 6,210 $1.4M Add +109.9%
SYY Sysco Corp. 0.59% 16,949 $1.3M Add +10.7%
AFL Aflac Inc. 0.58% 12,452 $1.3M Reduce -4.8%
XLC SS Comm Select Sector SPDR 0.56% 12,799 $1.2M New
SDY SS SPDR S&P Dividend ETF 0.53% 8,817 $1.2M Reduce -0.6%
AMZN Amazon.com Inc. 0.51% 5,178 $1.1M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.51% 14,650 $1.1M New
CVX Chevron Corp. 0.51% 7,761 $1.1M Add +99.0%
NKE Nike Inc. Class B 0.50% 14,580 $1.1M Reduce -20.3%
WWD Woodward Inc. 0.49% 6,543 $1.1M Add +0.7%
IVV iShares Core S&P 500 ETF 0.48% 1,822 $1.1M Add +1.7%
AMAT Applied Materials Inc. 0.47% 6,335 $1.0M Add +2.2%
AMGN Amgen Inc. 0.44% 3,775 $984K Reduce -1.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.43% 4,283 $942K New
LIN Linde PLC 0.41% 2,164 $906K Reduce -1.4%
DLR Digital Realty Trust Inc. 0.40% 4,990 $885K New
WELL Welltower Inc. 0.39% 6,915 $871K New
VIG Vanguard Dividend Apprec ETF 0.39% 4,440 $869K Reduce -1.7%
XLE SS Energy Select Sector 0.39% 10,094 $865K Reduce -0.2%
TRV The Travelers Cos Inc. 0.39% 3,575 $861K New
UNH Unitedhealth Group Inc. 0.37% 1,629 $824K Add +8.3%
VTI VG Morningstar TS MKT ETF-US 0.37% 2,819 $817K No change
PRU Prudential Financial Inc. 0.36% 6,730 $798K New
ROK Rockwell Automation Inc. 0.35% 2,705 $773K New
PH Parker Hannifin Corp. 0.33% 1,143 $727K Reduce -4.8%
FTV Fortive Corp. 0.33% 9,667 $725K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.32% 3,576 $709K No change
MRK Merck & Co. Inc. 0.32% 7,115 $708K New
NVS Novartis AG-Sponsored ADR 0.32% 7,215 $702K New
BLK BlackRock Finance Inc. 0.31% 679 $696K No change
NVO Novo-Nordisk A/S-Spons ADR 0.31% 8,019 $690K Reduce -37.1%
XLV SS Health Care Select Sector 0.30% 4,763 $655K No change
VCR Vanguard Consumer Discre ETF 0.29% 1,681 $631K Add +31.7%
UPS United Parcel Service Class B 0.27% 4,785 $603K New
DUK Duke Energy Corp. 0.27% 5,533 $596K Reduce -0.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.26% 11,477 $575K Reduce -11.0%
NTRS Northern Trust Corp. 0.24% 5,245 $538K New
USMV iShares MSCI USA Min Vol Fac 0.24% 5,964 $530K No change
HES Hess Corp. 0.24% 3,920 $521K Reduce -1.5%
AXP American Express Co. 0.23% 1,720 $510K Reduce -8.8%
COP Conocophillips 0.23% 5,033 $499K Reduce -1.0%
RJF Raymond James Financial Inc. 0.21% 2,968 $461K No change
AEP American Electric Power 0.20% 4,705 $434K New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.17% 1,378 $386K No change
VYM Vanguard High DVD Yield ETF 0.16% 2,840 $362K No change
XLF SS Financial Select Sector 0.16% 7,108 $344K No change
JPST JPMorgan Ultra-Short Income 0.15% 6,634 $334K Add +25.6%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.15% 4,310 $326K No change
SHM SS SPDR N Ice St Muni ETF 0.14% 6,610 $313K Reduce -16.4%
SUB iShares Short-Term National 0.14% 2,948 $311K No change
SBUX Starbucks Corp. 0.14% 3,323 $303K Reduce -0.3%
SHW The Sherwin-Williams Co. 0.13% 878 $298K No change
MCD McDonald's Corp. 0.13% 1,023 $297K Reduce -0.1%

Show all 107 holdings

Portfolio Sells Q3 2024 → Q4 2024
VEU Vanguard Ftse All-World Ex-U Reduce -10.0% 2.63% −0.91
NVO Novo-Nordisk A/S-Spons ADR Reduce -37.1% 0.31% −0.45
GPC Genuine Parts Co. Reduce -7.0% 0.87% −0.37
CPAY Corpay Inc. Reduce -15.5% 1.57% −0.32
LOW Lowe's Cos Inc. Reduce -0.5% 1.48% −0.32
NKE Nike Inc. Class B Reduce -20.3% 0.50% −0.31
PLD Prologis Inc. Reduce -0.6% 0.74% −0.24
IGSB iShares 1-5Y Inv Grade Corp. Reduce -1.1% 1.72% −0.24
HUBB Hubbell Inc. Reduce -2.6% 1.38% −0.22
XOM Exxon Mobil Corp. Reduce -0.9% 0.90% −0.19
AMGN Amgen Inc. Reduce -1.3% 0.44% −0.17
AFL Aflac Inc. Reduce -4.8% 0.58% −0.15
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.1% 1.13% −0.14
SCHD Schwab US DVD Equity ETF Reduce -1.3% 0.90% −0.14
ADP Automatic Data Processing Reduce -3.9% 1.47% −0.13
SON Sonoco Products Co. Sold out 0.00% −0.12
LIN Linde PLC Reduce -1.4% 0.41% −0.11
SDY SS SPDR S&P Dividend ETF Reduce -0.6% 0.53% −0.10
COST Costco Wholesale Corp. Reduce -1.5% 1.11% −0.09
MA Mastercard Inc. Class A Reduce -1.8% 1.63% −0.09
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 0.92% −0.08
VTEB Vanguard Tax-Exempt Bond ETF Reduce -11.0% 0.26% −0.07
ENB Enbridge Inc. Reduce -1.2% 0.78% −0.05
VIG Vanguard Dividend Apprec ETF Reduce -1.7% 0.39% −0.05
XLE SS Energy Select Sector Reduce -0.2% 0.39% −0.05
DUK Duke Energy Corp. Reduce -0.9% 0.27% −0.05
PH Parker Hannifin Corp. Reduce -4.8% 0.33% −0.05
SHM SS SPDR N Ice St Muni ETF Reduce -16.4% 0.14% −0.05
COP Conocophillips Reduce -1.0% 0.23% −0.04
HES Hess Corp. Reduce -1.5% 0.24% −0.03
SBUX Starbucks Corp. Reduce -0.3% 0.14% −0.03
AXP American Express Co. Reduce -8.8% 0.23% −0.02
MCD McDonald's Corp. Reduce -0.1% 0.13% −0.02
CPRT Copart Inc. Reduce -0.1% 0.64% −0.01
FISV Fiserv Inc. Reduce -3.4% 1.99% +0.00
DIS The Walt Disney Co. Reduce -0.0% 0.64% +0.03

Portfolio Buys Q3 2024 → Q4 2024
VUG Vanguard Mrngstar GR ETF-Sui Add +30.6% 3.62% +0.76
JPM JPMorgan Chase & Co. Add +31.4% 2.74% +0.71
XLC SS Comm Select Sector SPDR New 0.56% +0.56
XLY SS Consumer Disc Select Sect Add +177.7% 0.79% +0.51
BNY Bank of New York Mellon Corp. New 0.51% +0.51
IBM Intl Business Machines Corp. New 0.43% +0.43
CRM Salesforce Inc. Add +44.3% 1.09% +0.41
DLR Digital Realty Trust Inc. New 0.40% +0.40
GOOGL Alphabet Inc. Class A Add +7.1% 4.11% +0.40
WELL Welltower Inc. New 0.39% +0.39
TRV The Travelers Cos Inc. New 0.39% +0.39
PRU Prudential Financial Inc. New 0.36% +0.36
ROK Rockwell Automation Inc. New 0.35% +0.35
CSCO Cisco Systems Inc. Add +29.5% 1.48% +0.35
MRK Merck & Co. Inc. New 0.32% +0.32
NVS Novartis AG-Sponsored ADR New 0.32% +0.32
IWM iShares Russell 2000 ETF Add +109.9% 0.62% +0.29
UPS United Parcel Service Class B New 0.27% +0.27
PG The Procter & Gamble Co. Add +46.1% 1.19% +0.26
NTRS Northern Trust Corp. New 0.24% +0.24
CVX Chevron Corp. Add +99.0% 0.51% +0.22
RTX RTX Corp. Add +45.0% 1.09% +0.22
AEP American Electric Power New 0.20% +0.20
XLK SS Technology Select Sector Add +27.1% 1.04% +0.16
BRK.B Berkshire Hathaway Inc. Class B Add +39.3% 0.81% +0.16
CMCSA Comcast Corp. Class A New 0.12% +0.12
V Visa Inc. Class A Add +10.3% 0.74% +0.10
VCR Vanguard Consumer Discre ETF Add +31.7% 0.29% +0.07
AAPL Apple Inc. Add +3.7% 5.30% +0.05
JPST JPMorgan Ultra-Short Income Add +25.6% 0.15% +0.02
SYY Sysco Corp. Add +10.7% 0.59% −0.01
PEP Pepsico Inc. Add +21.5% 1.33% −0.02
IVV iShares Core S&P 500 ETF Add +1.7% 0.48% −0.03
WRB WR Berkley Corp. Add +1.3% 1.01% −0.06
VCIT Vanguard Int-Term Corporate Add +5.3% 0.68% −0.06
WWD Woodward Inc. Add +0.7% 0.49% −0.06
UNH Unitedhealth Group Inc. Add +8.3% 0.37% −0.07
VOO Vanguard S&P 500 ETF Add +1.5% 1.59% −0.10
APD Air Products & Chemicals Inc. Add +1.2% 0.92% −0.11
ICSH iShares Ultra Short Duration Add +4.6% 2.28% −0.14
MDT Medtronic PLC Add +3.9% 0.71% −0.14
AMAT Applied Materials Inc. Add +2.2% 0.47% −0.16
ORCL Oracle Corp. Add +2.2% 1.66% −0.17
TXN Texas Instruments Inc. Add +3.5% 0.98% −0.17
JNJ Johnson & Johnson Add +10.2% 1.56% −0.19
IGIB iShares 5-10Y Inv Grade Corp. Add +1.4% 1.51% −0.20
MSFT Microsoft Corp. Add +7.0% 4.54% −0.24
VB Vanguard Most SM-Cap ETF-Usd Add +3.0% 5.31% −0.31
ABT Abbott Laboratories Add +0.1% 3.61% −0.40
DHR Danaher Corp. Add +1.3% 1.41% −0.45

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