Bank of Marin

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Bank of Marin reported 124 stock positions worth $123.9 million. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Apple (AAPL, 5.3%) and SS Technology Select Sector (XLK, 3.9%). Compared with Q2 2024, it opened 9 new positions, sold out of 4, added to 43 and reduced 43. The biggest buy was a new position in iShares Core MSCI Emerging (IEMG) and the biggest sale Microsoft (MSFT, shares −0%).

Most Recent 13F
Q2 2026
Location
Novato, CA
CIK
0001801145
Portfolio Value
$123.9M (Q3 2024)
SEC Filing
0001801145-24-000008 ↗ filed Nov 6, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $113.6M Q1 2024 Q2 2024: $116.0M Q2 2024 Q3 2024: $123.9M $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 124 stocks · $123.9M
MSFT Microsoft Corp. 6.11% 17,580 $7.6M Reduce -0.1%
AAPL Apple Inc. 5.25% 27,910 $6.5M No change
XLK SS Technology Select Sector 3.92% 21,495 $4.9M Reduce -2.3%
VOO Vanguard S&P 500 ETF 2.68% 6,296 $3.3M Add +3.4%
XLV SS Health Care Select Sector 2.62% 21,091 $3.2M Reduce -0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.55% 11,975 $3.2M No change
NVDA Nvidia Corp. 2.44% 24,892 $3.0M Add +0.1%
AMZN Amazon.com Inc. 2.39% 15,880 $3.0M Add +1.1%
XLY SS Consumer Disc Select Sect 2.33% 14,426 $2.9M Add +1.1%
COST Costco Wholesale Corp. 2.03% 2,839 $2.5M Reduce -0.4%
GOOGL Alphabet Inc. Class A 1.75% 13,050 $2.2M Add +4.1%
VOX Vanguard Communication Servi 1.73% 14,762 $2.1M No change
QQQ Invesco QQQ Trust Series 1 1.72% 4,374 $2.1M Reduce -0.6%
EFA iShares MSCI Eafe ETF 1.61% 23,915 $2.0M Add +9.7%
XLC SS Comm Select Sector SPDR 1.61% 22,002 $2.0M Reduce -2.0%
SCHO Schwab Short-Term US Treas 1.48% 37,460 $1.8M Add +5.3%
DHR Danaher Corp. 1.45% 6,469 $1.8M Add +3.2%
SPY SS SPDR S&P 500 ETF Trust-US 1.39% 3,004 $1.7M Reduce -1.9%
XLF SS Financial Select Sector 1.39% 37,886 $1.7M Add +5.1%
XLP SS Consumer Staples Sel Sect 1.38% 20,596 $1.7M Add +4.8%
XLI SS Industrial Select Sector 1.37% 12,564 $1.7M Add +4.0%
LLY Eli Lilly & Co. 1.19% 1,661 $1.5M Reduce -1.7%
VFH Vanguard Financials ETF 1.18% 13,280 $1.5M No change
BRK.B Berkshire Hathaway Inc. Class B 1.17% 3,137 $1.4M Add +1.6%
IVV iShares Core S&P 500 ETF 1.08% 2,329 $1.3M Add +21.2%
BNDX Vanguard Total Intl Bond ETF 1.01% 24,863 $1.3M Add +0.1%
GOVT iShares US Treasury Bond ETF 1.00% 52,732 $1.2M Add +25.7%
TMO Thermo Fisher Scientific Inc. 0.98% 1,961 $1.2M Add +1.7%
CRM Salesforce Inc. 0.93% 4,218 $1.2M Add +0.2%
V Visa Inc. Class A 0.93% 4,180 $1.1M Add +3.3%
ANET Arista Networks Inc. 0.87% 2,818 $1.1M No change
PFF iShares Preferred & Income S 0.85% 31,808 $1.1M Add +5.6%
VB Vanguard Most SM-Cap ETF-Usd 0.82% 4,300 $1.0M No change
ACN Accenture PLC Class A 0.81% 2,842 $1.0M Reduce -0.1%
TIP iShares Tips Bond ETF 0.81% 9,083 $1.0M Add +2.5%
ADBE Adobe Inc. 0.81% 1,927 $998K Reduce -1.6%
BSX Boston Scientific Corp. 0.80% 11,878 $995K No change
AMD Advanced Micro Devices 0.80% 6,007 $986K Add +1.4%
ISRG Intuitive Surgical Inc. 0.78% 1,958 $962K No change
ZTS Zoetis Inc. 0.75% 4,742 $926K Add +1.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.75% 23,307 $925K No change
HD Home Depot Inc. 0.74% 2,274 $921K Reduce -1.6%
META Meta Platforms Inc. Class A 0.74% 1,595 $913K Add +5.3%
VTI VG Morningstar TS MKT ETF-US 0.71% 3,122 $884K Reduce -0.7%
VXF Vanguard Extended Market ETF 0.71% 4,824 $878K Add +4.5%
BLV Vanguard Long-Term Bond ETF 0.71% 11,619 $873K Add +5.8%
JPM JPMorgan Chase & Co. 0.71% 4,142 $873K Reduce -2.4%
SYK Stryker Corp. 0.67% 2,301 $831K Add +3.4%
MCD McDonald's Corp. 0.67% 2,716 $827K Reduce -8.4%
TLN Talen Energy Corp. 0.64% 4,426 $789K Reduce -0.1%
ELV Elevance Health Inc. 0.63% 1,509 $785K Reduce -3.6%
MRK Merck & Co. Inc. 0.62% 6,769 $769K Add +19.4%
CVX Chevron Corp. 0.61% 5,172 $762K Add +5.6%
VWO Vanguard Ftse Emerging Marke 0.60% 15,567 $745K Add +7.2%
USFR Wisdomtree Floating Rate Tre 0.56% 13,816 $694K Add +16.8%
FENY Fidelity MSCI Energy Index 0.56% 28,691 $691K Reduce -1.4%
HON Honeywell International Inc. 0.55% 3,322 $687K Add +10.1%
SPGI S&P Global Inc. 0.55% 1,329 $687K Reduce -0.3%
TMUS T-Mobile US Inc. 0.55% 3,321 $685K Reduce -0.1%
FERG Ferguson Enterprises Inc. 0.54% 3,351 $665K No change
SHW The Sherwin-Williams Co. 0.50% 1,613 $616K Reduce -0.2%
XMHQ Invesco S&P Midcap Qual ETF 0.49% 5,953 $611K No change
GLDM SPDR Gold Minishares Trust 0.48% 11,473 $598K No change
TSM Taiwan Semiconductor-SP ADR 0.48% 3,408 $592K Add +0.1%
AER Aercap Holdings NV 0.47% 6,184 $586K Reduce -18.0%
XLB SS Materials Select Sector 0.46% 5,963 $575K Reduce -0.9%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.46% 7,092 $573K Add +9.1%
XLE SS Energy Select Sector 0.44% 6,274 $551K Reduce -3.6%
ICSH iShares Ultra Short Duration 0.44% 10,670 $541K Add +1.7%
VNQ Vanguard Real Estate ETF 0.43% 5,475 $533K Reduce -5.3%
ADI Analog Devices Inc. 0.43% 2,300 $529K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.42% 2,135 $520K Add +5.8%
DE Deere & Co. 0.42% 1,235 $515K Reduce -7.5%
HELO JPMorgan Hedged Equity ETF 0.41% 8,370 $512K Reduce -18.4%
VGT Vanguard Info Tech ETF 0.41% 864 $507K No change
SPSM SS SPDR P S&P 600 Small Cap 0.40% 11,009 $501K Add +2.5%
INTU Intuit Inc. 0.40% 797 $495K Add +0.3%
IEMG iShares Core MSCI Emerging 0.40% 8,585 $493K New
IQV Iqvia Holdings Inc. 0.40% 2,066 $490K Add +0.3%
MLM Martin Marietta Materials 0.39% 905 $487K Reduce -0.1%
UNH Unitedhealth Group Inc. 0.39% 833 $487K Reduce -0.2%
PANW Palo Alto Networks Inc. 0.39% 1,424 $487K Reduce -19.3%
MCK McKesson Corp. 0.38% 960 $475K No change
PEP Pepsico Inc. 0.38% 2,780 $473K Reduce -12.8%
GS Goldman Sachs Group Inc. 0.37% 933 $462K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.35% 1,627 $428K No change
AXP American Express Co. 0.34% 1,545 $419K No change
IUSV iShares Core S&P U.S. Value 0.33% 4,316 $412K Reduce -4.6%
ENTG Entegris Inc. 0.33% 3,583 $403K Reduce -0.1%
VEA Vanguard Ftse Developed ETF 0.31% 7,375 $389K Reduce -6.7%
PGR Progressive Corp. 0.31% 1,530 $388K Reduce -32.6%
SCHW Schwab (charles) Corp. 0.30% 5,790 $375K Reduce -0.4%
SPHQ Invesco S&P 500 Quality ETF 0.29% 5,389 $363K No change
ITW Illinois Tool Works 0.29% 1,373 $360K Reduce -0.5%
NEE Nextera Energy Inc. 0.28% 4,107 $347K No change
QCOM Qualcomm Inc. 0.28% 2,025 $344K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.28% 2,036 $341K Add +9.1%
DHI D.R. Horton Inc. 0.27% 1,777 $339K New
DYNF Ishrs US E F R A ETF-Usd Inc. 0.27% 6,804 $337K New
PYPL PayPal Holdings Inc. 0.27% 4,249 $332K Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.26% 1,441 $319K Reduce -1.8%
VCR Vanguard Consumer Discre ETF 0.26% 929 $316K No change
ETN Eaton Corp. PLC 0.25% 945 $313K No change
IQLT iShares MSCI International Q 0.25% 7,367 $306K Reduce -8.2%
VEEV Veeva Systems Inc. Class A 0.25% 1,452 $305K New
GTLB Gitlab Inc. Class A 0.24% 5,856 $302K Add +3.0%
PG The Procter & Gamble Co. 0.24% 1,732 $300K Reduce -0.5%
TT Trane Technologies PLC 0.24% 767 $298K No change
EXPE Expedia Group Inc. 0.24% 1,977 $293K Reduce -3.3%
GOOG Alphabet Inc. Class C 0.23% 1,740 $291K No change
NKE Nike Inc. Class B 0.23% 3,248 $287K New
JNJ Johnson & Johnson 0.23% 1,749 $283K Reduce -5.7%
SRLN SS Blackstone Sr Loan ETF 0.22% 6,409 $268K Add +3.5%
MS Morgan Stanley 0.21% 2,553 $266K No change
KNO Axs Knowledge Leaders ETF 0.21% 5,456 $264K New
MAR Marriott International Class A 0.21% 1,059 $263K No change
AMN Amn Healthcare Services Inc. 0.20% 5,965 $253K Add +36.8%
PFE Pfizer Inc. 0.20% 8,430 $244K Add +17.4%
ECL Ecolab Inc. 0.19% 910 $232K No change
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.18% 11,006 $221K Reduce -32.6%
VIS Vanguard Industrials ETF 0.17% 833 $217K New
IWF iShares Russell 1000 Growth 0.17% 573 $215K No change
DUK Duke Energy Corp. 0.17% 1,809 $209K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 2,162 $208K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $333K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 260$333KNo change

Total filed on the 13F, all lines: $124.2M.

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -0.1% 6.11% −0.67
BALL Ball Corp. Sold out 0.00% −0.39
XLK SS Technology Select Sector Reduce -2.3% 3.92% −0.37
RLY SS Multi-Asset Real Ret ETF Sold out 0.00% −0.26
EELV Invesco S&P Emerging Markets Sold out 0.00% −0.24
INVESTMENT MANAGERS SER TR Sold out 0.00% −0.19
AER Aercap Holdings NV Reduce -18.0% 0.47% −0.13
ADBE Adobe Inc. Reduce -1.6% 0.81% −0.13
LLY Eli Lilly & Co. Reduce -1.7% 1.19% −0.13
PANW Palo Alto Networks Inc. Reduce -19.3% 0.39% −0.12
HELO JPMorgan Hedged Equity ETF Reduce -18.4% 0.41% −0.10
ELV Elevance Health Inc. Reduce -3.6% 0.63% −0.10
QQQ Invesco QQQ Trust Series 1 Reduce -0.6% 1.72% −0.10
PGR Progressive Corp. Reduce -32.6% 0.31% −0.09
ENTG Entegris Inc. Reduce -0.1% 0.33% −0.09
FENY Fidelity MSCI Energy Index Reduce -1.4% 0.56% −0.07
PEP Pepsico Inc. Reduce -12.8% 0.38% −0.07
XLE SS Energy Select Sector Reduce -3.6% 0.44% −0.07
SCHW Schwab (charles) Corp. Reduce -0.4% 0.30% −0.07
COST Costco Wholesale Corp. Reduce -0.4% 2.03% −0.06
XLC SS Comm Select Sector SPDR Reduce -2.0% 1.61% −0.05
BMRC Bank of Marin Bancorp Reduce -32.6% 0.18% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.9% 1.39% −0.05
XLV SS Health Care Select Sector Reduce -0.3% 2.62% −0.04
JPM JPMorgan Chase & Co. Reduce -2.4% 0.71% −0.03
MLM Martin Marietta Materials Reduce -0.1% 0.39% −0.03
IQLT iShares MSCI International Q Reduce -8.2% 0.25% −0.02
VEA Vanguard Ftse Developed ETF Reduce -6.7% 0.31% −0.02
DE Deere & Co. Reduce -7.5% 0.42% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -0.7% 0.71% −0.01
IUSV iShares Core S&P U.S. Value Reduce -4.6% 0.33% −0.01
PG The Procter & Gamble Co. Reduce -0.5% 0.24% −0.01
JNJ Johnson & Johnson Reduce -5.7% 0.23% −0.00
XLB SS Materials Select Sector Reduce -0.9% 0.46% +0.01
ITW Illinois Tool Works Reduce -0.5% 0.29% +0.01
VNQ Vanguard Real Estate ETF Reduce -5.3% 0.43% +0.01
EXPE Expedia Group Inc. Reduce -3.3% 0.24% +0.01
MCD McDonald's Corp. Reduce -8.4% 0.67% +0.02
UNH Unitedhealth Group Inc. Reduce -0.2% 0.39% +0.03
IBM Intl Business Machines Corp. Reduce -1.8% 0.26% +0.04
SPGI S&P Global Inc. Reduce -0.3% 0.55% +0.04
TMUS T-Mobile US Inc. Reduce -0.1% 0.55% +0.05
PYPL PayPal Holdings Inc. Reduce -0.1% 0.27% +0.05
HD Home Depot Inc. Reduce -1.6% 0.74% +0.06
ACN Accenture PLC Class A Reduce -0.1% 0.81% +0.07
SHW The Sherwin-Williams Co. Reduce -0.2% 0.50% +0.08
TLN Talen Energy Corp. Reduce -0.1% 0.64% +0.21

Portfolio Buys Q2 2024 → Q3 2024
IEMG iShares Core MSCI Emerging New 0.40% +0.40
DHI D.R. Horton Inc. New 0.27% +0.27
DYNF Ishrs US E F R A ETF-Usd Inc. New 0.27% +0.27
VEEV Veeva Systems Inc. Class A New 0.25% +0.25
NKE Nike Inc. Class B New 0.23% +0.23
KNO Axs Knowledge Leaders ETF New 0.21% +0.21
GOVT iShares US Treasury Bond ETF Add +25.7% 1.00% +0.18
IVV iShares Core S&P 500 ETF Add +21.2% 1.08% +0.18
VIS Vanguard Industrials ETF New 0.17% +0.17
DUK Duke Energy Corp. New 0.17% +0.17
DIS The Walt Disney Co. New 0.17% +0.17
EFA iShares MSCI Eafe ETF Add +9.7% 1.61% +0.14
XLF SS Financial Select Sector Add +5.1% 1.39% +0.11
XLI SS Industrial Select Sector Add +4.0% 1.37% +0.10
DHR Danaher Corp. Add +3.2% 1.45% +0.10
XLY SS Consumer Disc Select Sect Add +1.1% 2.33% +0.09
BRK.B Berkshire Hathaway Inc. Class B Add +1.6% 1.17% +0.08
XLP SS Consumer Staples Sel Sect Add +4.8% 1.38% +0.08
XLU St Sr Utl SL SE SPDR ETF-Usd Add +9.1% 0.46% +0.08
META Meta Platforms Inc. Class A Add +5.3% 0.74% +0.08
TMO Thermo Fisher Scientific Inc. Add +1.7% 0.98% +0.06
VOO Vanguard S&P 500 ETF Add +3.4% 2.68% +0.06
VWO Vanguard Ftse Emerging Marke Add +7.2% 0.60% +0.05
ZTS Zoetis Inc. Add +1.8% 0.75% +0.05
USFR Wisdomtree Floating Rate Tre Add +16.8% 0.56% +0.05
BLV Vanguard Long-Term Bond ETF Add +5.8% 0.71% +0.04
VXF Vanguard Extended Market ETF Add +4.5% 0.71% +0.04
PFF iShares Preferred & Income S Add +5.6% 0.85% +0.03
VOE Vngrd Mrngstr MD-Cap Val ETF Add +9.1% 0.28% +0.03
PFE Pfizer Inc. Add +17.4% 0.20% +0.02
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +5.8% 0.42% +0.02
SPSM SS SPDR P S&P 600 Small Cap Add +2.5% 0.40% +0.02
IQV Iqvia Holdings Inc. Add +0.3% 0.40% +0.02
SYK Stryker Corp. Add +3.4% 0.67% +0.02
MRK Merck & Co. Inc. Add +19.4% 0.62% +0.02
V Visa Inc. Class A Add +3.3% 0.93% +0.01
AMN Amn Healthcare Services Inc. Add +36.8% 0.20% +0.01
SCHO Schwab Short-Term US Treas Add +5.3% 1.48% +0.01
GTLB Gitlab Inc. Class A Add +3.0% 0.24% −0.00
CRM Salesforce Inc. Add +0.2% 0.93% −0.00
HON Honeywell International Inc. Add +10.1% 0.55% −0.00
TIP iShares Tips Bond ETF Add +2.5% 0.81% −0.01
SRLN SS Blackstone Sr Loan ETF Add +3.5% 0.22% −0.01
ICSH iShares Ultra Short Duration Add +1.7% 0.44% −0.02
TSM Taiwan Semiconductor-SP ADR Add +0.1% 0.48% −0.03
BNDX Vanguard Total Intl Bond ETF Add +0.1% 1.01% −0.03
AMD Advanced Micro Devices Add +1.4% 0.80% −0.03
CVX Chevron Corp. Add +5.6% 0.61% −0.05
INTU Intuit Inc. Add +0.3% 0.40% −0.05
NVDA Nvidia Corp. Add +0.1% 2.44% −0.21

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