Agate Pass Investment Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 8, 2026), Agate Pass Investment Management, LLC reported 106 stock positions worth $269.2 million. Its top holding was Alphabet Class A (GOOGL) at 6.0% of the portfolio, followed by Abbvie (ABBV, 5.7%) and Apple (AAPL, 5.2%). Compared with Q3 2025, it opened 4 new positions, sold out of 1, added to 37 and reduced 48. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +14%) and the biggest sale Fiserv (FISV, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- BAINBRIDGE ISLAND, WA
- CIK
- 0001900409
- Portfolio Value
- $269.2M (Q4 2025)
- SEC Filing
- 0001900409-26-000001 ↗ filed Jan 8, 2026
Holdings Value
Holdings 106 stocks · $269.2M
| GOOGL Alphabet Inc. Class A | 6.00% | 51,598 | $16.2M | Reduce -2.1% |
| ABBV Abbvie Inc. | 5.71% | 67,223 | $15.4M | Reduce -0.2% |
| AAPL Apple Inc. | 5.22% | 51,661 | $14.0M | Add +0.8% |
| MSFT Microsoft Corp. | 4.86% | 27,036 | $13.1M | Add +3.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.11% | 42,875 | $11.1M | Add +2.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 4.03% | 22,237 | $10.8M | Add +13.6% |
| JPM JPMorgan Chase & Co. | 3.22% | 26,858 | $8.7M | Reduce -1.0% |
| ABT Abbott Laboratories | 2.87% | 61,555 | $7.7M | Reduce -2.1% |
| VEU Vanguard Ftse All-World Ex-U | 2.81% | 102,824 | $7.6M | Add +2.4% |
| AMZN Amazon.com Inc. | 2.61% | 30,405 | $7.0M | Add +12.7% |
| VOO Vanguard S&P 500 ETF | 2.36% | 10,124 | $6.3M | Add +22.6% |
| ORCL Oracle Corp. | 2.32% | 32,008 | $6.2M | Add +0.9% |
| JNJ Johnson & Johnson | 2.14% | 27,891 | $5.8M | Reduce -2.3% |
| CSCO Cisco Systems Inc. | 1.90% | 66,512 | $5.1M | Reduce -0.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.59% | 79,623 | $4.3M | Add +10.3% |
| RTX RTX Corp. | 1.56% | 22,945 | $4.2M | Add +0.2% |
| XLK SS Technology Select Sector | 1.55% | 28,927 | $4.2M | Add +9.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 1.53% | 77,901 | $4.1M | Add +1.5% |
| ICSH iShares Ultra Short Duration | 1.47% | 78,147 | $4.0M | Reduce -13.1% |
| MA Mastercard Inc. Class A | 1.46% | 6,883 | $3.9M | Add +3.0% |
| GOOG Alphabet Inc. Class C | 1.42% | 12,215 | $3.8M | Add +5.0% |
| PEP Pepsico Inc. | 1.19% | 22,368 | $3.2M | Add +9.8% |
| LOW Lowe's Cos Inc. | 1.16% | 12,936 | $3.1M | Reduce -1.4% |
| DHR Danaher Corp. | 1.16% | 13,624 | $3.1M | Add +0.9% |
| HUBB Hubbell Inc. | 1.10% | 6,695 | $3.0M | Reduce -2.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.08% | 36,400 | $2.9M | Add +1.4% |
| COST Costco Wholesale Corp. | 1.03% | 3,205 | $2.8M | Reduce -3.7% |
| CPAY Corpay Inc. | 1.03% | 9,174 | $2.8M | Reduce -1.6% |
| PLD Prologis Inc. | 0.98% | 20,718 | $2.6M | Add +1.5% |
| ADP Automatic Data Processing | 0.94% | 9,835 | $2.5M | Reduce -1.7% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.92% | 21,240 | $2.5M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.91% | 35,098 | $2.5M | Reduce -3.9% |
| TXN Texas Instruments Inc. | 0.89% | 13,744 | $2.4M | Reduce -3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 3,496 | $2.4M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.89% | 4,741 | $2.4M | Add +6.9% |
| CRM Salesforce Inc. | 0.84% | 8,490 | $2.2M | Add +3.4% |
| CVX Chevron Corp. | 0.82% | 14,531 | $2.2M | Reduce -2.4% |
| PG The Procter & Gamble Co. | 0.81% | 15,306 | $2.2M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 7,393 | $2.2M | No change |
| XOM Exxon Mobil Corp. | 0.78% | 17,434 | $2.1M | Reduce -1.5% |
| V Visa Inc. Class A | 0.73% | 5,610 | $2.0M | Add +5.5% |
| AMAT Applied Materials Inc. | 0.69% | 7,229 | $1.9M | Add +0.9% |
| ENB Enbridge Inc. | 0.68% | 38,105 | $1.8M | Add +1.5% |
| MDT Medtronic PLC | 0.67% | 18,785 | $1.8M | Reduce -6.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.65% | 15,397 | $1.8M | Reduce -3.1% |
| TRV The Travelers Cos Inc. | 0.65% | 6,025 | $1.7M | Reduce -8.4% |
| VCIT Vanguard Int-Term Corporate | 0.62% | 19,921 | $1.7M | Reduce -0.5% |
| ROK Rockwell Automation Inc. | 0.62% | 4,280 | $1.7M | No change |
| SCHD Schwab US DVD Equity ETF | 0.62% | 60,488 | $1.7M | Reduce -4.3% |
| WELL Welltower Inc. | 0.61% | 8,785 | $1.6M | Reduce -8.3% |
| APD Air Products & Chemicals Inc. | 0.58% | 6,284 | $1.6M | Reduce -5.7% |
| XLY SS Consumer Disc Select Sect | 0.53% | 11,858 | $1.4M | Reduce -24.4% |
| NVS Novartis AG-Sponsored ADR | 0.51% | 9,950 | $1.4M | Reduce -9.9% |
| AFL Aflac Inc. | 0.50% | 12,145 | $1.3M | Reduce -0.1% |
| AMGN Amgen Inc. | 0.45% | 3,713 | $1.2M | Add +0.5% |
| XLC SS Comm Select Sector SPDR | 0.44% | 9,992 | $1.2M | Reduce -3.4% |
| NTRS Northern Trust Corp. | 0.44% | 8,595 | $1.2M | Reduce -5.5% |
| SBUX Starbucks Corp. | 0.43% | 13,756 | $1.2M | Add +260.5% |
| IVV iShares Core S&P 500 ETF | 0.42% | 1,669 | $1.1M | Reduce -5.8% |
| SDY SS SPDR S&P Dividend ETF | 0.42% | 8,131 | $1.1M | Reduce -0.7% |
| WWD Woodward Inc. | 0.37% | 3,315 | $1.0M | Reduce -1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.37% | 4,477 | $984K | Reduce -1.5% |
| CPRT Copart Inc. | 0.36% | 24,600 | $963K | Add +2.1% |
| BLK BlackRock Inc. | 0.35% | 883 | $946K | Add +10.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 2,723 | $913K | No change |
| FISV Fiserv Inc. | 0.33% | 13,265 | $891K | Reduce -30.5% |
| NKE Nike Inc. Class B | 0.32% | 13,603 | $867K | Reduce -11.8% |
| XLV SS Health Care Select Sector | 0.32% | 5,495 | $851K | Add +1.4% |
| XLE SS Energy Select Sector | 0.31% | 18,720 | $837K | Reduce -2.4% |
| JPST JPMorgan Ultra-Short Income | 0.31% | 16,462 | $833K | Add +4.4% |
| PH Parker Hannifin Corp. | 0.31% | 943 | $829K | No change |
| IWM iShares Russell 2000 ETF | 0.31% | 3,339 | $822K | Add +0.3% |
| GPC Genuine Parts Co. | 0.29% | 6,404 | $787K | Reduce -51.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 1,258 | $773K | Add +14.4% |
| DLR Digital Realty Trust Inc. | 0.29% | 4,965 | $768K | No change |
| LIN Linde PLC | 0.28% | 1,789 | $763K | Reduce -0.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.28% | 3,503 | $742K | No change |
| MRK Merck & Co. Inc. | 0.27% | 6,800 | $716K | Reduce -0.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.24% | 13,078 | $658K | Add +48.1% |
| SYY Sysco Corp. | 0.23% | 8,584 | $633K | Reduce -41.3% |
| MAR Marriott International Class A | 0.23% | 2,001 | $621K | New |
| DUK Duke Energy Corp. | 0.23% | 5,197 | $609K | No change |
| AXP American Express Co. | 0.22% | 1,570 | $581K | No change |
| PRU Prudential Financial Inc. | 0.21% | 4,950 | $559K | Reduce -11.8% |
| UNH Unitedhealth Group Inc. | 0.21% | 1,691 | $558K | Add +3.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.20% | 5,832 | $549K | No change |
| VCR Vanguard Consumer Discre ETF | 0.19% | 1,319 | $519K | Reduce -2.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.17% | 1,523 | $460K | Add +21.7% |
| AEP American Electric Power | 0.16% | 3,825 | $441K | No change |
| COP Conocophillips | 0.16% | 4,643 | $435K | No change |
| RJF Raymond James Financial Inc. | 0.16% | 2,682 | $431K | No change |
| XLF SS Financial Select Sector | 0.16% | 7,682 | $421K | Add +6.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.16% | 8,244 | $419K | Reduce -6.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.14% | 8,898 | $380K | Reduce -1.7% |
| VYM Vanguard High DVD Yield ETF | 0.12% | 2,328 | $334K | No change |
| AMT American Tower Corp. | 0.10% | 1,470 | $258K | No change |
| SHM SS SPDR N Ice St Muni ETF | 0.09% | 5,285 | $254K | Add +13.3% |
| RMD Resmed Inc. | 0.09% | 1,011 | $244K | No change |
| SUB iShares Short-Term National | 0.08% | 2,141 | $228K | Reduce -18.9% |
| SHW The Sherwin-Williams Co. | 0.08% | 703 | $228K | Reduce -19.9% |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Reduce -30.5% | 0.33% | −0.60 |
| GPC Genuine Parts Co. | Reduce -51.6% | 0.29% | −0.41 |
| ABT Abbott Laboratories | Reduce -2.1% | 2.87% | −0.34 |
| ICSH iShares Ultra Short Duration | Reduce -13.1% | 1.47% | −0.27 |
| ABBV Abbvie Inc. | Reduce -0.2% | 5.71% | −0.23 |
| SYY Sysco Corp. | Reduce -41.3% | 0.23% | −0.22 |
| XLY SS Consumer Disc Select Sect | Reduce -24.4% | 0.53% | −0.19 |
| ADP Automatic Data Processing | Reduce -1.7% | 0.94% | −0.18 |
| WRB WR Berkley Corp. | Reduce -3.9% | 0.91% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -3.7% | 1.03% | −0.15 |
| APD Air Products & Chemicals Inc. | Reduce -5.7% | 0.58% | −0.12 |
| TXN Texas Instruments Inc. | Reduce -3.7% | 0.89% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -1.4% | 1.16% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -1.3% | 0.81% | −0.09 |
| NKE Nike Inc. Class B | Reduce -11.8% | 0.32% | −0.09 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Sold out | 0.00% | −0.08 |
| MDT Medtronic PLC | Reduce -6.5% | 0.67% | −0.06 |
| CVX Chevron Corp. | Reduce -2.4% | 0.82% | −0.06 |
| TRV The Travelers Cos Inc. | Reduce -8.4% | 0.65% | −0.05 |
| WELL Welltower Inc. | Reduce -8.3% | 0.61% | −0.04 |
| LIN Linde PLC | Reduce -0.6% | 0.28% | −0.04 |
| DIS The Walt Disney Co. | Reduce -3.1% | 0.65% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -4.3% | 0.62% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -1.0% | 3.22% | −0.04 |
| SHW The Sherwin-Williams Co. | Reduce -19.9% | 0.08% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -6.5% | 0.16% | −0.03 |
| NTRS Northern Trust Corp. | Reduce -5.5% | 0.44% | −0.03 |
| MCD McDonald's Corp. | Reduce -24.9% | 0.08% | −0.03 |
| NVS Novartis AG-Sponsored ADR | Reduce -9.9% | 0.51% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -3.4% | 0.44% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -5.8% | 0.42% | −0.03 |
| SUB iShares Short-Term National | Reduce -18.9% | 0.08% | −0.02 |
| VCIT Vanguard Int-Term Corporate | Reduce -0.5% | 0.62% | −0.02 |
| AFL Aflac Inc. | Reduce -0.1% | 0.50% | −0.02 |
| HUBB Hubbell Inc. | Reduce -2.3% | 1.10% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.7% | 0.42% | −0.02 |
| XLE SS Energy Select Sector | Reduce -2.4% | 0.31% | −0.01 |
| PRU Prudential Financial Inc. | Reduce -11.8% | 0.21% | −0.01 |
| VCR Vanguard Consumer Discre ETF | Reduce -2.9% | 0.19% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -1.7% | 0.14% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.5% | 0.37% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.5% | 0.89% | −0.01 |
| CPAY Corpay Inc. | Reduce -1.6% | 1.03% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.78% | +0.02 |
| WWD Woodward Inc. | Reduce -1.9% | 0.37% | +0.05 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.27% | +0.05 |
| JNJ Johnson & Johnson | Reduce -2.3% | 2.14% | +0.13 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 1.90% | +0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -2.1% | 6.00% | +1.12 |
Portfolio Buys Q3 2025 → Q4 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Add +13.6% | 4.03% | +0.46 |
| VOO Vanguard S&P 500 ETF | Add +22.6% | 2.36% | +0.43 |
| AMZN Amazon.com Inc. | Add +12.7% | 2.61% | +0.35 |
| GOOG Alphabet Inc. Class C | Add +5.0% | 1.42% | +0.35 |
| SBUX Starbucks Corp. | Add +260.5% | 0.43% | +0.31 |
| AAPL Apple Inc. | Add +0.8% | 5.22% | +0.25 |
| MAR Marriott International Class A | New | 0.23% | +0.23 |
| DHR Danaher Corp. | Add +0.9% | 1.16% | +0.14 |
| XLK SS Technology Select Sector | Add +9.8% | 1.55% | +0.13 |
| AMAT Applied Materials Inc. | Add +0.9% | 0.69% | +0.13 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +10.3% | 1.59% | +0.11 |
| RTX RTX Corp. | Add +0.2% | 1.56% | +0.11 |
| PEP Pepsico Inc. | Add +9.8% | 1.19% | +0.10 |
| CRM Salesforce Inc. | Add +3.4% | 0.84% | +0.10 |
| PLD Prologis Inc. | Add +1.5% | 0.98% | +0.09 |
| VEA Vanguard Ftse Developed ETF | New | 0.08% | +0.08 |
| VEU Vanguard Ftse All-World Ex-U | Add +2.4% | 2.81% | +0.08 |
| WFC Wells Fargo & Co. | New | 0.08% | +0.08 |
| CTSH Cognizant Tech Solutions-A | New | 0.08% | +0.08 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +48.1% | 0.24% | +0.08 |
| AMGN Amgen Inc. | Add +0.5% | 0.45% | +0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +2.2% | 4.11% | +0.05 |
| V Visa Inc. Class A | Add +5.5% | 0.73% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.9% | 0.89% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +14.4% | 0.29% | +0.04 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +21.7% | 0.17% | +0.03 |
| XLV SS Health Care Select Sector | Add +1.4% | 0.32% | +0.03 |
| MA Mastercard Inc. Class A | Add +3.0% | 1.46% | +0.01 |
| SHM SS SPDR N Ice St Muni ETF | Add +13.3% | 0.09% | +0.01 |
| XLF SS Financial Select Sector | Add +6.2% | 0.16% | +0.01 |
| JPST JPMorgan Ultra-Short Income | Add +4.4% | 0.31% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +0.3% | 0.31% | −0.00 |
| BLK BlackRock Inc. | Add +10.1% | 0.35% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +3.6% | 0.21% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +1.4% | 1.08% | −0.01 |
| HD Home Depot Inc. | Add +2.1% | 0.08% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +1.5% | 1.53% | −0.02 |
| ENB Enbridge Inc. | Add +1.5% | 0.68% | −0.04 |
| CPRT Copart Inc. | Add +2.1% | 0.36% | −0.05 |
| MSFT Microsoft Corp. | Add +3.3% | 4.86% | −0.30 |
| ORCL Oracle Corp. | Add +0.9% | 2.32% | −1.08 |
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 |