Bank of Marin

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Bank of Marin reported 124 stock positions worth $126.1 million. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Apple (AAPL, 5.5%) and SS Technology Select Sector (XLK, 4.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 4, added to 37 and reduced 48. The biggest buy was Amazon.com (AMZN, shares +1%) and the biggest sale SS Health Care Select Sector (XLV, shares −1%).

Most Recent 13F
Q2 2026
Location
Novato, CA
CIK
0001801145
Portfolio Value
$126.1M (Q4 2024)
SEC Filing
0001801145-25-000002 ↗ filed Feb 11, 2025

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 Q3 2024 Q4 2024: $126.1M $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 · $126.1M
MSFT Microsoft Corp. 6.05% 18,109 $7.6M Add +3.0%
AAPL Apple Inc. 5.54% 27,918 $7.0M Add +0.0%
XLK SS Technology Select Sector 3.98% 21,591 $5.0M Add +0.5%
AMZN Amazon.com Inc. 2.79% 16,026 $3.5M Add +0.9%
NVDA Nvidia Corp. 2.64% 24,799 $3.3M Reduce -0.4%
VOO Vanguard S&P 500 ETF 2.62% 6,137 $3.3M Reduce -2.5%
XLY SS Consumer Disc Select Sect 2.53% 14,236 $3.2M Reduce -1.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.43% 11,595 $3.1M Reduce -3.2%
XLV SS Health Care Select Sector 2.28% 20,906 $2.9M Reduce -0.9%
COST Costco Wholesale Corp. 2.18% 3,003 $2.8M Add +5.8%
GOOGL Alphabet Inc. Class A 1.94% 12,911 $2.4M Reduce -1.1%
VOX Vanguard Communication Servi 1.81% 14,762 $2.3M No change
QQQ Invesco QQQ Trust Series 1 1.76% 4,340 $2.2M Reduce -0.8%
XLC SS Comm Select Sector SPDR 1.68% 21,936 $2.1M Reduce -0.3%
XLF SS Financial Select Sector 1.48% 38,722 $1.9M Add +2.2%
SCHO Schwab Short-Term US Treas 1.46% 76,575 $1.8M Add +2.2%
EFA iShares MSCI Eafe ETF 1.46% 24,306 $1.8M Add +1.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.39% 2,995 $1.8M Reduce -0.3%
XLI SS Industrial Select Sector 1.34% 12,818 $1.7M Add +2.0%
XLP SS Consumer Staples Sel Sect 1.29% 20,664 $1.6M Add +0.3%
VFH Vanguard Financials ETF 1.24% 13,280 $1.6M No change
DHR Danaher Corp. 1.18% 6,507 $1.5M Add +0.6%
BRK.B Berkshire Hathaway Inc. Class B 1.12% 3,107 $1.4M Reduce -1.0%
CRM Salesforce Inc. 1.10% 4,161 $1.4M Reduce -1.4%
IVV iShares Core S&P 500 ETF 1.09% 2,329 $1.4M No change
V Visa Inc. Class A 1.06% 4,242 $1.3M Add +1.5%
BNDX Vanguard Total Intl Bond ETF 0.99% 25,396 $1.2M Add +2.1%
ANET Arista Networks Inc. 0.99% 11,252 $1.2M Reduce -0.2%
LLY Eli Lilly & Co. 0.98% 1,601 $1.2M Reduce -3.6%
GOVT iShares US Treasury Bond ETF 0.96% 52,732 $1.2M No change
JPM JPMorgan Chase & Co. 0.87% 4,567 $1.1M Add +10.3%
ACN Accenture PLC Class A 0.86% 3,080 $1.1M Add +8.4%
BSX Boston Scientific Corp. 0.84% 11,873 $1.1M Reduce -0.0%
VB Vanguard Most SM-Cap ETF-Usd 0.82% 4,300 $1.0M No change
TMO Thermo Fisher Scientific Inc. 0.81% 1,973 $1.0M Add +0.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.81% 23,307 $1.0M No change
ISRG Intuitive Surgical Inc. 0.81% 1,958 $1.0M No change
PFF iShares Preferred & Income S 0.79% 31,578 $993K Reduce -0.7%
TIP iShares Tips Bond ETF 0.78% 9,220 $982K Add +1.5%
ADBE Adobe Inc. 0.76% 2,164 $962K Add +12.3%
META Meta Platforms Inc. Class A 0.75% 1,611 $943K Add +1.0%
VTI VG Morningstar TS MKT ETF-US 0.71% 3,098 $898K Reduce -0.8%
VXF Vanguard Extended Market ETF 0.71% 4,686 $890K Reduce -2.9%
HD Home Depot Inc. 0.69% 2,237 $870K Reduce -1.6%
MRK Merck & Co. Inc. 0.68% 8,669 $862K Add +28.1%
TLN Talen Energy Corp. 0.68% 4,270 $860K Reduce -3.5%
CVX Chevron Corp. 0.68% 5,902 $855K Add +14.1%
BLV Vanguard Long-Term Bond ETF 0.64% 11,880 $813K Add +2.3%
HON Honeywell International Inc. 0.64% 3,572 $807K Add +7.5%
SYK Stryker Corp. 0.64% 2,235 $805K Reduce -2.9%
AMD Advanced Micro Devices 0.63% 6,535 $789K Add +8.8%
MCD McDonald's Corp. 0.62% 2,716 $787K No change
ZTS Zoetis Inc. 0.61% 4,732 $771K Reduce -0.2%
TMUS T-Mobile US Inc. 0.57% 3,250 $717K Reduce -2.1%
FENY Fidelity MSCI Energy Index 0.55% 29,179 $696K Add +1.7%
VWO Vanguard Ftse Emerging Marke 0.53% 15,034 $662K Reduce -3.4%
TSM Taiwan Semiconductor-SP ADR 0.52% 3,349 $661K Reduce -1.7%
SPGI S&P Global Inc. 0.51% 1,299 $647K Reduce -2.3%
USFR Wisdomtree Floating Rate Tre 0.51% 12,694 $639K Reduce -8.1%
XMHQ Invesco S&P Midcap Qual ETF 0.46% 5,953 $586K No change
AER Aercap Holdings NV 0.46% 6,038 $578K Reduce -2.4%
ICSH iShares Ultra Short Duration 0.45% 11,266 $568K Add +5.6%
FERG Ferguson Enterprises Inc. 0.44% 3,212 $558K Reduce -4.2%
ELV Elevance Health Inc. 0.44% 1,509 $557K No change
MCK McKesson Corp. 0.43% 960 $547K No change
GLDM SPDR Gold Minishares Trust 0.43% 10,434 $542K Reduce -9.1%
SHW The Sherwin-Williams Co. 0.43% 1,593 $542K Reduce -1.2%
UNH Unitedhealth Group Inc. 0.43% 1,069 $541K Add +28.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.43% 7,116 $539K Add +0.3%
XLE SS Energy Select Sector 0.43% 6,274 $537K No change
VGT Vanguard Info Tech ETF 0.43% 864 $537K No change
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.42% 2,107 $535K Reduce -1.3%
DE Deere & Co. 0.41% 1,235 $523K No change
GS Goldman Sachs Group Inc. 0.41% 905 $518K Reduce -3.0%
HELO JPMorgan Hedged Equity ETF 0.40% 8,207 $509K Reduce -1.9%
PANW Palo Alto Networks Inc. 0.40% 2,764 $503K Reduce -3.0%
XLB SS Materials Select Sector 0.39% 5,913 $498K Reduce -0.8%
VNQ Vanguard Real Estate ETF 0.39% 5,577 $497K Add +1.9%
INTU Intuit Inc. 0.39% 782 $491K Reduce -1.9%
ADI Analog Devices Inc. 0.39% 2,300 $489K No change
SPSM SS SPDR P S&P 600 Small Cap 0.39% 10,870 $488K Reduce -1.3%
MLM Martin Marietta Materials 0.37% 894 $462K Reduce -1.2%
AXP American Express Co. 0.36% 1,545 $459K No change
QCOM Qualcomm Inc. 0.36% 2,975 $457K Add +46.9%
IEMG iShares Core MSCI Emerging 0.36% 8,585 $448K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.35% 1,627 $439K No change
PEP Pepsico Inc. 0.34% 2,780 $423K No change
SCHW Schwab (charles) Corp. 0.33% 5,598 $414K Reduce -3.3%
JNJ Johnson & Johnson 0.32% 2,815 $407K Add +61.0%
IQV Iqvia Holdings Inc. 0.32% 2,023 $398K Reduce -2.1%
ETN Eaton Corp. PLC 0.31% 1,195 $397K Add +26.5%
ITW Illinois Tool Works 0.31% 1,523 $386K Add +10.9%
IUSV iShares Core S&P U.S. Value 0.30% 4,120 $381K Reduce -4.5%
APD Air Products & Chemicals Inc. 0.30% 1,308 $379K New
PFE Pfizer Inc. 0.30% 14,100 $374K Add +67.3%
PGR Progressive Corp. 0.29% 1,519 $364K Reduce -0.7%
SPHQ Invesco S&P 500 Quality ETF 0.29% 5,389 $361K No change
VEA Vanguard Ftse Developed ETF 0.28% 7,375 $353K No change
EXPE Expedia Group Inc. 0.28% 1,888 $352K Reduce -4.5%
ENTG Entegris Inc. 0.28% 3,521 $349K Reduce -1.7%
VCR Vanguard Consumer Discre ETF 0.28% 929 $349K No change
DYNF Ishrs US E F R A ETF-Usd Inc. 0.28% 6,804 $349K No change
GOOG Alphabet Inc. Class C 0.26% 1,740 $331K No change
NEE Nextera Energy Inc. 0.26% 4,607 $330K Add +12.2%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.26% 2,014 $326K Reduce -1.1%
MS Morgan Stanley 0.25% 2,553 $321K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.25% 1,441 $317K No change
GTLB Gitlab Inc. Class A 0.25% 5,491 $309K Reduce -6.2%
VEEV Veeva Systems Inc. Class A 0.24% 1,424 $299K Reduce -1.9%
MAR Marriott International Class A 0.23% 1,059 $295K No change
PG The Procter & Gamble Co. 0.23% 1,732 $290K No change
TT Trane Technologies PLC 0.22% 767 $283K No change
SRLN SS Blackstone Sr Loan ETF 0.22% 6,744 $281K Add +5.2%
IQLT iShares MSCI International Q 0.22% 7,367 $273K No change
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.21% 11,006 $262K No change
NKE Nike Inc. Class B 0.20% 3,298 $250K Add +1.5%
GE General Electric filed as GE AEROSPACE 0.20% 1,475 $246K New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.19% 1,995 $241K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 2,162 $241K No change
KNO Axs Knowledge Leaders ETF 0.19% 5,456 $236K No change
IWF iShares Russell 1000 Growth 0.17% 536 $215K Reduce -6.5%
ECL Ecolab Inc. 0.17% 910 $213K No change
BLDR Builders Firstsource Inc. 0.17% 1,484 $212K New
VIS Vanguard Industrials ETF 0.17% 833 $212K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $351K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 294$351KAdd +13.1%

Total filed on the 13F, all lines: $126.5M.

Portfolio Sells Q3 2024 → Q4 2024
XLV SS Health Care Select Sector Reduce -0.9% 2.28% −0.34
DHI D.R. Horton Inc. Sold out 0.00% −0.27
PYPL PayPal Holdings Inc. Sold out 0.00% −0.27
LLY Eli Lilly & Co. Reduce -3.6% 0.98% −0.21
AMN Amn Healthcare Services Inc. Sold out 0.00% −0.20
DUK Duke Energy Corp. Sold out 0.00% −0.17
ZTS Zoetis Inc. Reduce -0.2% 0.61% −0.14
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -3.2% 2.43% −0.12
FERG Ferguson Enterprises Inc. Reduce -4.2% 0.44% −0.10
IQV Iqvia Holdings Inc. Reduce -2.1% 0.32% −0.08
VWO Vanguard Ftse Emerging Marke Reduce -3.4% 0.53% −0.08
XLB SS Materials Select Sector Reduce -0.8% 0.39% −0.07
SHW The Sherwin-Williams Co. Reduce -1.2% 0.43% −0.07
PFF iShares Preferred & Income S Reduce -0.7% 0.79% −0.07
VOO Vanguard S&P 500 ETF Reduce -2.5% 2.62% −0.06
HD Home Depot Inc. Reduce -1.6% 0.69% −0.05
USFR Wisdomtree Floating Rate Tre Reduce -8.1% 0.51% −0.05
GLDM SPDR Gold Minishares Trust Reduce -9.1% 0.43% −0.05
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 1.12% −0.05
ENTG Entegris Inc. Reduce -1.7% 0.28% −0.05
SPGI S&P Global Inc. Reduce -2.3% 0.51% −0.04
SYK Stryker Corp. Reduce -2.9% 0.64% −0.03
IUSV iShares Core S&P U.S. Value Reduce -4.5% 0.30% −0.03
MLM Martin Marietta Materials Reduce -1.2% 0.37% −0.03
PGR Progressive Corp. Reduce -0.7% 0.29% −0.02
SPSM SS SPDR P S&P 600 Small Cap Reduce -1.3% 0.39% −0.02
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -1.1% 0.26% −0.02
AER Aercap Holdings NV Reduce -2.4% 0.46% −0.01
INTU Intuit Inc. Reduce -1.9% 0.39% −0.01
HELO JPMorgan Hedged Equity ETF Reduce -1.9% 0.40% −0.01
VEEV Veeva Systems Inc. Class A Reduce -1.9% 0.24% −0.01
IWF iShares Russell 1000 Growth Reduce -6.5% 0.17% −0.00
VXF Vanguard Extended Market ETF Reduce -2.9% 0.71% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -0.8% 0.71% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.3% 1.39% +0.00
GTLB Gitlab Inc. Class A Reduce -6.2% 0.25% +0.00
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -1.3% 0.42% +0.00
PANW Palo Alto Networks Inc. Reduce -3.0% 0.40% +0.01
TMUS T-Mobile US Inc. Reduce -2.1% 0.57% +0.02
SCHW Schwab (charles) Corp. Reduce -3.3% 0.33% +0.03
QQQ Invesco QQQ Trust Series 1 Reduce -0.8% 1.76% +0.04
BSX Boston Scientific Corp. Reduce -0.0% 0.84% +0.04
GS Goldman Sachs Group Inc. Reduce -3.0% 0.41% +0.04
EXPE Expedia Group Inc. Reduce -4.5% 0.28% +0.04
TLN Talen Energy Corp. Reduce -3.5% 0.68% +0.05
TSM Taiwan Semiconductor-SP ADR Reduce -1.7% 0.52% +0.05
XLC SS Comm Select Sector SPDR Reduce -0.3% 1.68% +0.08
ANET Arista Networks Inc. Reduce -0.2% 0.99% +0.11
CRM Salesforce Inc. Reduce -1.4% 1.10% +0.17
GOOGL Alphabet Inc. Class A Reduce -1.1% 1.94% +0.19

Portfolio Buys Q3 2024 → Q4 2024
AMZN Amazon.com Inc. Add +0.9% 2.79% +0.40
APD Air Products & Chemicals Inc. New 0.30% +0.30
AAPL Apple Inc. Add +0.0% 5.54% +0.29
GE General Electric New 0.20% +0.20
TJX TJX Companies Inc. New 0.19% +0.19
BLDR Builders Firstsource Inc. New 0.17% +0.17
JPM JPMorgan Chase & Co. Add +10.3% 0.87% +0.16
COST Costco Wholesale Corp. Add +5.8% 2.18% +0.15
V Visa Inc. Class A Add +1.5% 1.06% +0.14
PFE Pfizer Inc. Add +67.3% 0.30% +0.10
XLF SS Financial Select Sector Add +2.2% 1.48% +0.10
JNJ Johnson & Johnson Add +61.0% 0.32% +0.09
HON Honeywell International Inc. Add +7.5% 0.64% +0.09
QCOM Qualcomm Inc. Add +46.9% 0.36% +0.08
MRK Merck & Co. Inc. Add +28.1% 0.68% +0.06
CVX Chevron Corp. Add +14.1% 0.68% +0.06
XLK SS Technology Select Sector Add +0.5% 3.98% +0.06
ETN Eaton Corp. PLC Add +26.5% 0.31% +0.06
ACN Accenture PLC Class A Add +8.4% 0.86% +0.05
UNH Unitedhealth Group Inc. Add +28.3% 0.43% +0.04
ITW Illinois Tool Works Add +10.9% 0.31% +0.02
ICSH iShares Ultra Short Duration Add +5.6% 0.45% +0.01
META Meta Platforms Inc. Class A Add +1.0% 0.75% +0.01
SRLN SS Blackstone Sr Loan ETF Add +5.2% 0.22% +0.01
FENY Fidelity MSCI Energy Index Add +1.7% 0.55% −0.01
NEE Nextera Energy Inc. Add +12.2% 0.26% −0.02
SCHO Schwab Short-Term US Treas Add +2.2% 1.46% −0.02
BNDX Vanguard Total Intl Bond ETF Add +2.1% 0.99% −0.02
TIP iShares Tips Bond ETF Add +1.5% 0.78% −0.03
NKE Nike Inc. Class B Add +1.5% 0.20% −0.03
XLI SS Industrial Select Sector Add +2.0% 1.34% −0.03
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.3% 0.43% −0.04
VNQ Vanguard Real Estate ETF Add +1.9% 0.39% −0.04
ADBE Adobe Inc. Add +12.3% 0.76% −0.04
MSFT Microsoft Corp. Add +3.0% 6.05% −0.06
BLV Vanguard Long-Term Bond ETF Add +2.3% 0.64% −0.06
XLP SS Consumer Staples Sel Sect Add +0.3% 1.29% −0.09
EFA iShares MSCI Eafe ETF Add +1.6% 1.46% −0.16
TMO Thermo Fisher Scientific Inc. Add +0.6% 0.81% −0.17
AMD Advanced Micro Devices Add +8.8% 0.63% −0.17
DHR Danaher Corp. Add +0.6% 1.18% −0.27

Notes & Other Activity Q3 2024 → Q4 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +13.1% 294 $351K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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