Bank of Marin

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Bank of Marin reported 114 stock positions worth $113.6 million. Its top holding was Microsoft (MSFT) at 6.6% of the portfolio, followed by Apple (AAPL, 4.5%) and SS Technology Select Sector (XLK, 4.1%). Compared with Q4 2023, it opened 3 new positions, sold out of 6, added to 19 and reduced 66. The biggest buy was Amazon.com (AMZN, shares +1%) and the biggest sale Microsoft (MSFT, shares −22%).

Most Recent 13F
Q2 2026
Location
Novato, CA
CIK
0001801145
Portfolio Value
$113.6M (Q1 2024)
SEC Filing
0001801145-24-000004 ↗ filed May 9, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $113.6M $113.6M Q1 2024 Q2 2024: $116.0M Q2 2024 Q3 2024: $123.9M Q3 2024 Q4 2024: $126.1M Q4 2024 Q1 2025: $78.5M Q1 2025 Q2 2025: $132.3M Q2 2025 Q3 2025: $141.5M Q3 2025 Q4 2025: $144.6M Q4 2025 Q1 2026: $136.8M Q1 2026 Q2 2026: $143.2M Q2 2026

Holdings 114 stocks · $113.6M
MSFT Microsoft Corp. 6.64% 17,936 $7.5M Reduce -21.6%
AAPL Apple Inc. 4.45% 29,494 $5.1M Reduce -0.7%
XLK SS Technology Select Sector 4.15% 22,623 $4.7M Reduce -5.6%
VOO Vanguard S&P 500 ETF 3.18% 7,516 $3.6M Reduce -10.3%
XLV SS Health Care Select Sector 2.79% 21,467 $3.2M Reduce -1.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.63% 11,975 $3.0M No change
AMZN Amazon.com Inc. 2.53% 15,905 $2.9M Add +1.0%
XLY SS Consumer Disc Select Sect 2.33% 14,412 $2.7M Add +10.4%
COST Costco Wholesale Corp. 1.89% 2,925 $2.1M Reduce -2.1%
EFA iShares MSCI Eafe ETF 1.83% 26,077 $2.1M Reduce -9.5%
NVDA Nvidia Corp. 1.83% 2,297 $2.1M Reduce -0.4%
QQQ Invesco QQQ Trust Series 1 1.76% 4,512 $2.0M Reduce -2.9%
GOOGL Alphabet Inc. Class A 1.71% 12,900 $1.9M Reduce -20.3%
XLC SS Comm Select Sector SPDR 1.68% 23,354 $1.9M Reduce -0.8%
VOX Vanguard Communication Servi 1.66% 14,408 $1.9M Add +1.2%
SPY SS SPDR S&P 500 ETF Trust-US 1.45% 3,143 $1.6M Reduce -2.7%
SCHO Schwab Short-Term US Treas 1.44% 33,925 $1.6M Reduce -2.4%
DHR Danaher Corp. 1.40% 6,384 $1.6M Add +7.0%
XLF SS Financial Select Sector 1.37% 37,038 $1.6M Add +0.4%
XLI SS Industrial Select Sector 1.37% 12,318 $1.6M Reduce -1.0%
XLP SS Consumer Staples Sel Sect 1.29% 19,152 $1.5M Reduce -6.0%
BNDX Vanguard Total Intl Bond ETF 1.29% 29,715 $1.5M Reduce -3.9%
VFH Vanguard Financials ETF 1.20% 13,334 $1.4M No change
LLY Eli Lilly & Co. 1.16% 1,690 $1.3M Reduce -19.3%
CRM Salesforce Inc. 1.15% 4,341 $1.3M Reduce -6.3%
BRK.B Berkshire Hathaway Inc. Class B 1.08% 2,913 $1.2M Reduce -0.8%
V Visa Inc. Class A 1.05% 4,267 $1.2M Reduce -0.8%
TMO Thermo Fisher Scientific Inc. 0.95% 1,855 $1.1M Add +0.5%
AMD Advanced Micro Devices 0.95% 5,957 $1.1M No change
ADBE Adobe Inc. 0.90% 2,037 $1.0M Add +0.1%
IVV iShares Core S&P 500 ETF 0.89% 1,922 $1.0M No change
VB Vanguard Most SM-Cap ETF-Usd 0.87% 4,300 $983K No change
PFF iShares Preferred & Income S 0.85% 29,988 $967K Reduce -4.0%
ACN Accenture PLC Class A 0.85% 2,786 $966K Reduce -16.8%
GOVT iShares US Treasury Bond ETF 0.84% 41,944 $955K Add +4.4%
HD Home Depot Inc. 0.82% 2,441 $936K Reduce -5.1%
TIP iShares Tips Bond ETF 0.81% 8,599 $924K Reduce -2.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.80% 23,817 $903K Reduce -3.7%
JPM JPMorgan Chase & Co. 0.78% 4,412 $884K Reduce -3.5%
MCD McDonald's Corp. 0.76% 3,059 $862K Reduce -13.6%
BSX Boston Scientific Corp. 0.75% 12,455 $853K Reduce -0.2%
SYK Stryker Corp. 0.73% 2,323 $831K Reduce -0.3%
VTI VG Morningstar TS MKT ETF-US 0.73% 3,198 $831K Reduce -5.3%
ISRG Intuitive Surgical Inc. 0.72% 2,051 $819K No change
ANET Arista Networks Inc. 0.72% 2,818 $817K No change
ELV Elevance Health Inc. 0.71% 1,565 $812K No change
VWO Vanguard Ftse Emerging Marke 0.71% 19,183 $801K Reduce -10.0%
MRK Merck & Co. Inc. 0.69% 5,980 $789K Reduce -0.2%
ZTS Zoetis Inc. 0.69% 4,613 $781K Add +0.3%
VXF Vanguard Extended Market ETF 0.68% 4,424 $775K Reduce -10.3%
FENY Fidelity MSCI Energy Index 0.68% 29,965 $775K Reduce -6.5%
IUSV iShares Core S&P U.S. Value 0.68% 8,527 $771K Reduce -1.8%
XMHQ Invesco S&P Midcap Qual ETF 0.66% 6,788 $747K No change
BLV Vanguard Long-Term Bond ETF 0.65% 10,243 $741K Reduce -4.7%
FERG Ferguson Jersey Ltd. 0.65% 3,369 $736K Reduce -6.2%
CVX Chevron Corp. 0.62% 4,490 $708K Reduce -4.7%
PGR Progressive Corp. 0.62% 3,421 $708K Reduce -16.5%
SHW The Sherwin-Williams Co. 0.62% 2,031 $705K Reduce -0.3%
META Meta Platforms Inc. Class A 0.61% 1,437 $698K Add +0.1%
BALL Ball Corp. 0.59% 10,017 $675K Reduce -1.6%
AER Aercap Holdings NV 0.58% 7,569 $658K Reduce -4.2%
XLE SS Energy Select Sector 0.54% 6,520 $616K Reduce -5.4%
SPGI S&P Global Inc. 0.53% 1,419 $604K Reduce -2.1%
ENTG Entegris Inc. 0.52% 4,238 $596K Reduce -5.5%
USFR Wisdomtree Floating Rate Tre 0.52% 11,834 $595K No change
VNQ Vanguard Real Estate ETF 0.52% 6,855 $593K Add +10.4%
HON Honeywell International Inc. 0.52% 2,862 $587K Reduce -10.8%
XLB SS Materials Select Sector 0.51% 6,195 $575K Reduce -4.7%
HELO JPMorgan Hedged Equity ETF 0.50% 10,115 $566K Add +23.0%
GLDM SPDR Gold Minishares Trust 0.49% 12,748 $562K No change
MLM Martin Marietta Materials 0.49% 908 $557K Reduce -31.2%
DE Deere & Co. 0.48% 1,335 $548K Reduce -15.5%
TMUS T-Mobile US Inc. 0.47% 3,301 $539K Add +7.1%
IQV Iqvia Holdings Inc. 0.46% 2,072 $524K Reduce -27.9%
MCK McKesson Corp. 0.45% 960 $515K No change
PANW Palo Alto Networks Inc. 0.44% 1,765 $501K Add +110.1%
EQIX Equinix Inc. 0.43% 587 $484K Add +29.3%
PEP Pepsico Inc. 0.43% 2,760 $483K No change
INTU Intuit Inc. 0.41% 715 $465K Add +1.9%
ADI Analog Devices Inc. 0.41% 2,330 $461K Reduce -5.1%
PYPL PayPal Holdings Inc. 0.39% 6,532 $438K Reduce -13.4%
SRLN SS Blackstone Sr Loan ETF 0.38% 10,177 $429K Add +5.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.38% 6,527 $428K Reduce -9.5%
SCHW Schwab (charles) Corp. 0.37% 5,734 $415K Add +23.0%
VEA Vanguard Ftse Developed ETF 0.35% 7,902 $396K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.34% 1,627 $390K No change
GS Goldman Sachs Group Inc. 0.34% 928 $388K Add +2.0%
ITW Illinois Tool Works 0.33% 1,388 $372K No change
VGT Vanguard Info Tech ETF 0.32% 700 $367K Reduce -3.6%
AXP American Express Co. 0.31% 1,545 $352K Reduce -36.4%
QCOM Qualcomm Inc. 0.31% 2,075 $351K No change
UNH Unitedhealth Group Inc. 0.31% 702 $347K New
ETN Eaton Corp. PLC 0.30% 1,100 $344K No change
RLY SS Multi-Asset Real Ret ETF 0.30% 12,166 $340K Reduce -1.4%
JNJ Johnson & Johnson 0.30% 2,149 $340K Reduce -39.2%
IQLT iShares MSCI International Q 0.28% 8,025 $318K No change
SPHQ Invesco S&P 500 Quality ETF 0.27% 5,151 $311K No change
IJR iShares Core S&P Small-Cap E 0.27% 2,765 $306K No change
VCR Vanguard Consumer Discre ETF 0.26% 929 $295K No change
MAR Marriott International Class A 0.25% 1,135 $286K Reduce -6.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.25% 1,494 $285K Reduce -34.0%
EELV Invesco S&P Emerging Markets 0.25% 11,925 $285K No change
NEE Nextera Energy Inc. 0.25% 4,447 $284K No change
PG The Procter & Gamble Co. 0.25% 1,741 $282K Reduce -6.8%
BKR Baker Hughes Co. 0.24% 8,174 $274K Reduce -44.7%
GOOG Alphabet Inc. Class C 0.23% 1,740 $265K No change
TSM Taiwan Semiconductor-SP ADR 0.23% 1,879 $256K New
APTV Aptiv Irish Holdings Ltd. filed as APTIV PLC 0.22% 3,122 $249K Reduce -23.9%
TT Trane Technologies PLC 0.21% 799 $240K Reduce -10.1%
ECL Ecolab Inc. 0.19% 954 $220K Reduce -14.0%
PFE Pfizer Inc. 0.19% 7,622 $212K Reduce -34.6%
PLNT Planet Fitness Inc. Class A 0.18% 3,308 $207K Reduce -3.5%
VIS Vanguard Industrials ETF 0.18% 833 $203K New
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.16% 11,006 $185K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $322K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 264$322KNo change

Total filed on the 13F, all lines: $113.9M.

Portfolio Sells Q4 2023 → Q1 2024
MSFT Microsoft Corp. Reduce -21.6% 6.64% −1.09
AAPL Apple Inc. Reduce -0.7% 4.45% −0.68
GOOGL Alphabet Inc. Class A Reduce -20.3% 1.71% −0.32
CLVT Clarivate PLC Sold out 0.00% −0.31
CTLT Catalent Inc. Sold out 0.00% −0.23
BKR Baker Hughes Co. Reduce -44.7% 0.24% −0.21
UDR Udr Inc. Sold out 0.00% −0.21
DUK Duke Energy Corp. Sold out 0.00% −0.21
ACN Accenture PLC Class A Reduce -16.8% 0.85% −0.21
APD Air Products & Chemicals Inc. Sold out 0.00% −0.20
JNJ Johnson & Johnson Reduce -39.2% 0.30% −0.20
EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.19
MCD McDonald's Corp. Reduce -13.6% 0.76% −0.18
IQV Iqvia Holdings Inc. Reduce -27.9% 0.46% −0.14
EFA iShares MSCI Eafe ETF Reduce -9.5% 1.83% −0.12
PFE Pfizer Inc. Reduce -34.6% 0.19% −0.12
APTV Aptiv Irish Holdings Ltd. Reduce -23.9% 0.22% −0.11
VOO Vanguard S&P 500 ETF Reduce -10.3% 3.18% −0.11
MLM Martin Marietta Materials Reduce -31.2% 0.49% −0.10
AXP American Express Co. Reduce -36.4% 0.31% −0.10
HON Honeywell International Inc. Reduce -10.8% 0.52% −0.09
DE Deere & Co. Reduce -15.5% 0.48% −0.09
BNDX Vanguard Total Intl Bond ETF Reduce -3.9% 1.29% −0.09
IBM Intl Business Machines Corp. Reduce -34.0% 0.25% −0.08
VWO Vanguard Ftse Emerging Marke Reduce -10.0% 0.71% −0.08
SCHO Schwab Short-Term US Treas Reduce -2.4% 1.44% −0.07
BLV Vanguard Long-Term Bond ETF Reduce -4.7% 0.65% −0.07
VXF Vanguard Extended Market ETF Reduce -10.3% 0.68% −0.05
SPGI S&P Global Inc. Reduce -2.1% 0.53% −0.04
PLNT Planet Fitness Inc. Class A Reduce -3.5% 0.18% −0.04
TIP iShares Tips Bond ETF Reduce -2.9% 0.81% −0.04
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -9.5% 0.38% −0.03
ADI Analog Devices Inc. Reduce -5.1% 0.41% −0.03
XLP SS Consumer Staples Sel Sect Reduce -6.0% 1.29% −0.03
PYPL PayPal Holdings Inc. Reduce -13.4% 0.39% −0.03
PFF iShares Preferred & Income S Reduce -4.0% 0.85% −0.02
CVX Chevron Corp. Reduce -4.7% 0.62% −0.01
ECL Ecolab Inc. Reduce -14.0% 0.19% −0.00
RLY SS Multi-Asset Real Ret ETF Reduce -1.4% 0.30% −0.00
PG The Procter & Gamble Co. Reduce -6.8% 0.25% +0.00
XLK SS Technology Select Sector Reduce -5.6% 4.15% +0.00
MAR Marriott International Class A Reduce -6.9% 0.25% +0.01
XLB SS Materials Select Sector Reduce -4.7% 0.51% +0.01
VGT Vanguard Info Tech ETF Reduce -3.6% 0.32% +0.01
VTI VG Morningstar TS MKT ETF-US Reduce -5.3% 0.73% +0.01
TT Trane Technologies PLC Reduce -10.1% 0.21% +0.02
FENY Fidelity MSCI Energy Index Reduce -6.5% 0.68% +0.02
IUSV iShares Core S&P U.S. Value Reduce -1.8% 0.68% +0.02
XLE SS Energy Select Sector Reduce -5.4% 0.54% +0.02
HD Home Depot Inc. Reduce -5.1% 0.82% +0.02

Portfolio Buys Q4 2023 → Q1 2024
AMZN Amazon.com Inc. Add +1.0% 2.53% +0.38
UNH Unitedhealth Group Inc. New 0.31% +0.31
XLY SS Consumer Disc Select Sect Add +10.4% 2.33% +0.24
TSM Taiwan Semiconductor-SP ADR New 0.23% +0.23
PANW Palo Alto Networks Inc. Add +110.1% 0.44% +0.22
VIS Vanguard Industrials ETF New 0.18% +0.18
DHR Danaher Corp. Add +7.0% 1.40% +0.16
VOX Vanguard Communication Servi Add +1.2% 1.66% +0.16
META Meta Platforms Inc. Class A Add +0.1% 0.61% +0.16
XLF SS Financial Select Sector Add +0.4% 1.37% +0.13
HELO JPMorgan Hedged Equity ETF Add +23.0% 0.50% +0.11
EQIX Equinix Inc. Add +29.3% 0.43% +0.10
SCHW Schwab (charles) Corp. Add +23.0% 0.37% +0.08
TMO Thermo Fisher Scientific Inc. Add +0.5% 0.95% +0.07
TMUS T-Mobile US Inc. Add +7.1% 0.47% +0.03
VNQ Vanguard Real Estate ETF Add +10.4% 0.52% +0.03
GS Goldman Sachs Group Inc. Add +2.0% 0.34% +0.03
INTU Intuit Inc. Add +1.9% 0.41% +0.01
SRLN SS Blackstone Sr Loan ETF Add +5.1% 0.38% +0.01
GOVT iShares US Treasury Bond ETF Add +4.4% 0.84% +0.01
ZTS Zoetis Inc. Add +0.3% 0.69% −0.13
ADBE Adobe Inc. Add +0.1% 0.90% −0.19

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 132$143.2MXLK, MSFT, GOOGL, AAPL, NVDA
Q1 2026 134$136.8MAAPL, MSFT, XLK, GOOGL, NVDA
Q4 2025 129$144.6MMSFT, AAPL, XLK, GOOGL, NVDA
Q3 2025 129$141.5MMSFT, AAPL, XLK, NVDA, AMZN
Q2 2025 125$132.3MMSFT, AAPL, XLK, NVDA, AMZN
Q1 2025 90$78.5MMSFT, AAPL, AMZN, XLV, NVDA
Q4 2024 124$126.1MMSFT, AAPL, XLK, AMZN, NVDA
Q3 2024 124$123.9MMSFT, AAPL, XLK, VOO, XLV
Q2 2024 119$116.0MMSFT, AAPL, XLK, XLV, NVDA
Q1 2024 114$113.6MMSFT, AAPL, XLK, VOO, XLV