Agate Pass Investment Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 4, 2025), Agate Pass Investment Management, LLC reported 107 stock positions worth $233.8 million. Its top holding was Abbvie (ABBV) at 6.1% of the portfolio, followed by Apple (AAPL, 4.5%) and Vanguard Most SM-Cap ETF-Usd (VB, 4.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 4, added to 49 and reduced 42. The biggest buy was Abbvie (ABBV, shares +5%) and the biggest sale Vanguard Most SM-Cap ETF-Usd (VB, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- BAINBRIDGE ISLAND, WA
- CIK
- 0001900409
- Portfolio Value
- $233.8M (Q1 2025)
- SEC Filing
- 0001900409-25-000003 ↗ filed Apr 4, 2025
Holdings Value
Holdings 107 stocks · $233.8M
| ABBV Abbvie Inc. | 6.10% | 68,086 | $14.3M | Add +4.8% |
| AAPL Apple Inc. | 4.51% | 47,498 | $10.6M | Add +1.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.23% | 44,633 | $9.9M | Reduce -8.7% |
| ABT Abbott Laboratories | 3.93% | 69,262 | $9.2M | Reduce -1.8% |
| MSFT Microsoft Corp. | 3.91% | 24,317 | $9.1M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 3.43% | 51,798 | $8.0M | Add +8.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 3.26% | 20,528 | $7.6M | Add +5.3% |
| JPM JPMorgan Chase & Co. | 2.90% | 27,599 | $6.8M | Add +9.2% |
| ICSH iShares Ultra Short Duration | 2.85% | 131,314 | $6.7M | Add +31.1% |
| VEU Vanguard Ftse All-World Ex-U | 2.58% | 99,591 | $6.0M | Reduce -1.9% |
| JNJ Johnson & Johnson | 2.10% | 29,554 | $4.9M | Add +23.9% |
| FISV Fiserv Inc. | 1.88% | 19,939 | $4.4M | Reduce -6.8% |
| CSCO Cisco Systems Inc. | 1.80% | 67,995 | $4.2M | Add +22.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.75% | 78,140 | $4.1M | Add +6.0% |
| MA Mastercard Inc. Class A | 1.56% | 6,637 | $3.6M | Reduce -3.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.50% | 66,952 | $3.5M | Add +3.3% |
| PEP Pepsico Inc. | 1.45% | 22,602 | $3.4M | Add +17.1% |
| VOO Vanguard S&P 500 ETF | 1.42% | 6,472 | $3.3M | Reduce -1.1% |
| ORCL Oracle Corp. | 1.40% | 23,452 | $3.3M | Add +6.6% |
| ADP Automatic Data Processing | 1.38% | 10,541 | $3.2M | Reduce -4.9% |
| CPAY Corpay Inc. | 1.37% | 9,202 | $3.2M | Reduce -10.1% |
| LOW Lowe's Cos Inc. | 1.32% | 13,226 | $3.1M | Reduce -0.1% |
| RTX RTX Corp. | 1.32% | 23,267 | $3.1M | Add +11.5% |
| PG The Procter & Gamble Co. | 1.30% | 17,765 | $3.0M | Add +13.4% |
| DHR Danaher Corp. | 1.19% | 13,605 | $2.8M | Add +0.2% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 1.13% | 37,143 | $2.6M | Reduce -2.9% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.08% | 31,934 | $2.5M | Reduce -0.1% |
| XLK SS Technology Select Sector | 1.06% | 12,024 | $2.5M | Add +21.3% |
| COST Costco Wholesale Corp. | 1.02% | 2,512 | $2.4M | Reduce -6.4% |
| CRM Salesforce Inc. | 0.99% | 8,585 | $2.3M | Add +18.9% |
| HUBB Hubbell Inc. | 0.98% | 6,931 | $2.3M | Reduce -4.8% |
| PLD Prologis Inc. | 0.93% | 19,531 | $2.2M | Add +26.9% |
| XLY SS Consumer Disc Select Sect | 0.93% | 10,990 | $2.2M | Add +40.4% |
| SCHD Schwab US DVD Equity ETF | 0.91% | 76,461 | $2.1M | Add +4.4% |
| TXN Texas Instruments Inc. | 0.91% | 11,828 | $2.1M | Add +2.0% |
| MDT Medtronic PLC | 0.90% | 23,536 | $2.1M | Add +19.2% |
| XOM Exxon Mobil Corp. | 0.90% | 17,698 | $2.1M | Reduce -4.5% |
| APD Air Products & Chemicals Inc. | 0.87% | 6,917 | $2.0M | Reduce -1.0% |
| CVX Chevron Corp. | 0.86% | 12,023 | $2.0M | Add +54.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.85% | 3,733 | $2.0M | Reduce -5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.80% | 3,332 | $1.9M | Reduce -3.5% |
| V Visa Inc. Class A | 0.79% | 5,270 | $1.8M | Add +1.7% |
| GPC Genuine Parts Co. | 0.79% | 15,463 | $1.8M | Reduce -6.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.79% | 7,393 | $1.8M | Add +72.6% |
| GOOG Alphabet Inc. Class C | 0.77% | 11,556 | $1.8M | Add +41.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.76% | 21,240 | $1.8M | Add +45.0% |
| TRV The Travelers Cos Inc. | 0.74% | 6,575 | $1.7M | Add +83.9% |
| ENB Enbridge Inc. | 0.74% | 38,952 | $1.7M | Reduce -3.8% |
| VCIT Vanguard Int-Term Corporate | 0.67% | 19,220 | $1.6M | Add +3.1% |
| WELL Welltower Inc. | 0.63% | 9,685 | $1.5M | Add +40.1% |
| AMZN Amazon.com Inc. | 0.59% | 7,305 | $1.4M | Add +41.1% |
| CPRT Copart Inc. | 0.59% | 24,394 | $1.4M | Reduce -0.6% |
| AFL Aflac Inc. | 0.58% | 12,102 | $1.3M | Reduce -2.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.57% | 13,507 | $1.3M | Add +6.4% |
| XLC SS Comm Select Sector SPDR | 0.55% | 13,269 | $1.3M | Add +3.7% |
| MRK Merck & Co. Inc. | 0.54% | 14,165 | $1.3M | Add +99.1% |
| PRU Prudential Financial Inc. | 0.54% | 11,330 | $1.3M | Add +68.3% |
| NVS Novartis AG-Sponsored ADR | 0.53% | 11,050 | $1.2M | Add +53.1% |
| SYY Sysco Corp. | 0.50% | 15,707 | $1.2M | Reduce -7.3% |
| SDY SS SPDR S&P Dividend ETF | 0.49% | 8,526 | $1.2M | Reduce -3.3% |
| AMGN Amgen Inc. | 0.48% | 3,600 | $1.1M | Reduce -4.6% |
| ROK Rockwell Automation Inc. | 0.47% | 4,280 | $1.1M | Add +58.2% |
| IVV iShares Core S&P 500 ETF | 0.45% | 1,879 | $1.1M | Add +3.1% |
| WWD Woodward Inc. | 0.44% | 5,673 | $1.0M | Reduce -13.3% |
| UPS United Parcel Service Class B | 0.43% | 9,235 | $1.0M | Add +93.0% |
| XLE SS Energy Select Sector | 0.40% | 10,045 | $939K | Reduce -0.5% |
| AMAT Applied Materials Inc. | 0.40% | 6,435 | $934K | Add +1.6% |
| XLV SS Health Care Select Sector | 0.40% | 6,389 | $933K | Add +34.1% |
| IWM iShares Russell 2000 ETF | 0.40% | 4,629 | $923K | Reduce -25.5% |
| NTRS Northern Trust Corp. | 0.39% | 9,345 | $922K | Add +78.2% |
| NKE Nike Inc. Class B | 0.39% | 14,488 | $920K | Reduce -0.6% |
| LIN Linde PLC | 0.39% | 1,949 | $908K | Reduce -9.9% |
| UNH Unitedhealth Group Inc. | 0.38% | 1,690 | $885K | Add +3.7% |
| VIG Vanguard Dividend Apprec ETF | 0.37% | 4,440 | $861K | No change |
| AEP American Electric Power | 0.36% | 7,760 | $848K | Add +64.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 2,819 | $775K | No change |
| DLR Digital Realty Trust Inc. | 0.31% | 4,990 | $715K | No change |
| BLK BlackRock Finance Inc. | 0.29% | 704 | $666K | Add +3.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 3,576 | $666K | No change |
| FTV Fortive Corp. | 0.28% | 9,077 | $664K | Reduce -6.1% |
| DUK Duke Energy Corp. | 0.28% | 5,397 | $658K | Reduce -2.5% |
| PH Parker Hannifin Corp. | 0.27% | 1,057 | $642K | Reduce -7.5% |
| USMV iShares MSCI USA Min Vol Fac | 0.24% | 5,964 | $559K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.23% | 7,619 | $529K | Reduce -5.0% |
| VCR Vanguard Consumer Discre ETF | 0.23% | 1,622 | $528K | Reduce -3.5% |
| HES Hess Corp. | 0.22% | 3,215 | $514K | Reduce -18.0% |
| COP Conocophillips | 0.22% | 4,833 | $508K | Reduce -4.0% |
| JPST JPMorgan Ultra-Short Income | 0.21% | 9,810 | $497K | Add +47.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.20% | 9,268 | $460K | Reduce -19.3% |
| AXP American Express Co. | 0.18% | 1,570 | $422K | Reduce -8.7% |
| XLP SS Consumer Staples Sel Sect | 0.18% | 5,126 | $419K | New |
| TTE Totalenergies SE -Spon ADR | 0.17% | 6,070 | $393K | New |
| ARE Alexandria Real Estate Equit | 0.16% | 4,050 | $375K | New |
| RJF Raymond James Financial Inc. | 0.16% | 2,682 | $373K | Reduce -9.6% |
| VYM Vanguard High DVD Yield ETF | 0.16% | 2,815 | $363K | Reduce -0.9% |
| XLF SS Financial Select Sector | 0.15% | 7,108 | $354K | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.15% | 1,378 | $347K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.15% | 4,387 | $346K | Add +1.8% |
| AMT American Tower Corp. | 0.14% | 1,518 | $330K | Reduce -3.1% |
| SBUX Starbucks Corp. | 0.14% | 3,323 | $326K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -8.7% | 4.23% | −1.08 |
| HUBB Hubbell Inc. | Reduce -4.8% | 0.98% | −0.40 |
| IWM iShares Russell 2000 ETF | Reduce -25.5% | 0.40% | −0.23 |
| CPAY Corpay Inc. | Reduce -10.1% | 1.37% | −0.19 |
| VOO Vanguard S&P 500 ETF | Reduce -1.1% | 1.42% | −0.17 |
| LOW Lowe's Cos Inc. | Reduce -0.1% | 1.32% | −0.16 |
| SHM SS SPDR N Ice St Muni ETF | Sold out | 0.00% | −0.14 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.5% | 0.80% | −0.12 |
| NKE Nike Inc. Class B | Reduce -0.6% | 0.39% | −0.11 |
| FISV Fiserv Inc. | Reduce -6.8% | 1.88% | −0.10 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.10 |
| FSBW FS Bancorp Inc. | Sold out | 0.00% | −0.10 |
| COST Costco Wholesale Corp. | Reduce -6.4% | 1.02% | −0.10 |
| ADP Automatic Data Processing | Reduce -4.9% | 1.38% | −0.09 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -5.0% | 0.23% | −0.09 |
| GPC Genuine Parts Co. | Reduce -6.6% | 0.79% | −0.09 |
| SYY Sysco Corp. | Reduce -7.3% | 0.50% | −0.08 |
| MA Mastercard Inc. Class A | Reduce -3.2% | 1.56% | −0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -19.3% | 0.20% | −0.06 |
| VCR Vanguard Consumer Discre ETF | Reduce -3.5% | 0.23% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -7.5% | 0.27% | −0.05 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.9% | 2.58% | −0.05 |
| AXP American Express Co. | Reduce -8.7% | 0.18% | −0.05 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.1% | 1.08% | −0.05 |
| WWD Woodward Inc. | Reduce -13.3% | 0.44% | −0.05 |
| RJF Raymond James Financial Inc. | Reduce -9.6% | 0.16% | −0.05 |
| CPRT Copart Inc. | Reduce -0.6% | 0.59% | −0.05 |
| FTV Fortive Corp. | Reduce -6.1% | 0.28% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -1.0% | 0.87% | −0.04 |
| ENB Enbridge Inc. | Reduce -3.8% | 0.74% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Reduce -3.3% | 0.49% | −0.03 |
| LIN Linde PLC | Reduce -9.9% | 0.39% | −0.02 |
| HES Hess Corp. | Reduce -18.0% | 0.22% | −0.02 |
| COP Conocophillips | Reduce -4.0% | 0.22% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.9% | 0.16% | −0.01 |
| AFL Aflac Inc. | Reduce -2.8% | 0.58% | −0.01 |
| MCD McDonald's Corp. | Reduce -4.9% | 0.13% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -4.5% | 0.90% | −0.00 |
| XLE SS Energy Select Sector | Reduce -0.5% | 0.40% | +0.01 |
| AMT American Tower Corp. | Reduce -3.1% | 0.14% | +0.01 |
| DUK Duke Energy Corp. | Reduce -2.5% | 0.28% | +0.01 |
| AMGN Amgen Inc. | Reduce -4.6% | 0.48% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.2% | 0.85% | +0.04 |
| WRB WR Berkley Corp. | Reduce -2.9% | 1.13% | +0.12 |
| ABT Abbott Laboratories | Reduce -1.8% | 3.93% | +0.33 |
Portfolio Buys Q4 2024 → Q1 2025
| ABBV Abbvie Inc. | Add +4.8% | 6.10% | +0.88 |
| ICSH iShares Ultra Short Duration | Add +31.1% | 2.85% | +0.57 |
| JNJ Johnson & Johnson | Add +23.9% | 2.10% | +0.54 |
| IBM Intl Business Machines Corp. | Add +72.6% | 0.79% | +0.36 |
| TRV The Travelers Cos Inc. | Add +83.9% | 0.74% | +0.35 |
| CVX Chevron Corp. | Add +54.9% | 0.86% | +0.35 |
| CSCO Cisco Systems Inc. | Add +22.8% | 1.80% | +0.31 |
| BNY Bank of New York Mellon Corp. | Add +45.0% | 0.76% | +0.25 |
| WELL Welltower Inc. | Add +40.1% | 0.63% | +0.24 |
| RTX RTX Corp. | Add +11.5% | 1.32% | +0.23 |
| MRK Merck & Co. Inc. | Add +99.1% | 0.54% | +0.22 |
| NVS Novartis AG-Sponsored ADR | Add +53.1% | 0.53% | +0.21 |
| PLD Prologis Inc. | Add +26.9% | 0.93% | +0.20 |
| MDT Medtronic PLC | Add +19.2% | 0.90% | +0.19 |
| PRU Prudential Financial Inc. | Add +68.3% | 0.54% | +0.18 |
| XLP SS Consumer Staples Sel Sect | New | 0.18% | +0.18 |
| TTE Totalenergies SE -Spon ADR | New | 0.17% | +0.17 |
| AEP American Electric Power | Add +64.9% | 0.36% | +0.17 |
| UPS United Parcel Service Class B | Add +93.0% | 0.43% | +0.16 |
| ARE Alexandria Real Estate Equit | New | 0.16% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +9.2% | 2.90% | +0.16 |
| NTRS Northern Trust Corp. | Add +78.2% | 0.39% | +0.15 |
| XLY SS Consumer Disc Select Sect | Add +40.4% | 0.93% | +0.13 |
| ROK Rockwell Automation Inc. | Add +58.2% | 0.47% | +0.12 |
| PEP Pepsico Inc. | Add +17.1% | 1.45% | +0.12 |
| PG The Procter & Gamble Co. | Add +13.4% | 1.30% | +0.11 |
| XLV SS Health Care Select Sector | Add +34.1% | 0.40% | +0.10 |
| BMY Bristol-Myers Squibb Co. | New | 0.09% | +0.09 |
| AMZN Amazon.com Inc. | Add +41.1% | 0.59% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +41.5% | 0.77% | +0.07 |
| JPST JPMorgan Ultra-Short Income | Add +47.9% | 0.21% | +0.06 |
| V Visa Inc. Class A | Add +1.7% | 0.79% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +6.0% | 1.75% | +0.03 |
| XLK SS Technology Select Sector | Add +21.3% | 1.06% | +0.02 |
| SCHD Schwab US DVD Equity ETF | Add +4.4% | 0.91% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +3.7% | 0.38% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.8% | 0.15% | +0.00 |
| SUB iShares Short-Term National | Add +3.4% | 0.14% | −0.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +3.3% | 1.50% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Add +3.1% | 0.67% | −0.00 |
| XLC SS Comm Select Sector SPDR | Add +3.7% | 0.55% | −0.01 |
| BLK BlackRock Finance Inc. | Add +3.7% | 0.29% | −0.03 |
| IVV iShares Core S&P 500 ETF | Add +3.1% | 0.45% | −0.03 |
| AMAT Applied Materials Inc. | Add +1.6% | 0.40% | −0.07 |
| DIS The Walt Disney Co. | Add +6.4% | 0.57% | −0.07 |
| TXN Texas Instruments Inc. | Add +2.0% | 0.91% | −0.07 |
| CRM Salesforce Inc. | Add +18.9% | 0.99% | −0.11 |
| DHR Danaher Corp. | Add +0.2% | 1.19% | −0.22 |
| ORCL Oracle Corp. | Add +6.6% | 1.40% | −0.25 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +5.3% | 3.26% | −0.36 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 109 | $271.2M | GOOGL, AAPL, ABBV, VOO, VB |
| Q1 2026 | 105 | $255.5M | ABBV, GOOGL, AAPL, VB, VOO |
| Q4 2025 | 106 | $269.2M | GOOGL, ABBV, AAPL, MSFT, VB |
| Q3 2025 | 103 | $262.8M | ABBV, MSFT, AAPL, GOOGL, VB |
| Q2 2025 | 107 | $243.5M | ABBV, MSFT, VB, AAPL, GOOGL |
| Q1 2025 | 107 | $233.8M | ABBV, AAPL, VB, ABT, MSFT |
| Q4 2024 | 107 | $221.2M | VB, AAPL, ABBV, MSFT, GOOGL |
| Q3 2024 | 94 | $200.4M | ABBV, VB, AAPL, MSFT, ABT |
| Q2 2024 | 94 | $188.0M | ABBV, MSFT, VB, AAPL, GOOGL |
| Q1 2024 | 95 | $186.4M | ABBV, VB, MSFT, ABT, AAPL |