Bank of Marin
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Bank of Marin reported 90 stock positions worth $78.5 million. Its top holding was Microsoft (MSFT) at 8.4% of the portfolio, followed by Apple (AAPL, 7.9%) and Amazon.com (AMZN, 3.9%). Compared with Q4 2024, it opened 10 new positions, sold out of 44, added to 34 and reduced 31. The biggest buy was Invesco QQQ Trust Series 1 (QQQ, shares +18%) and the biggest sale an exit from SS Technology Select Sector (XLK).
- Most Recent 13F
- Q2 2026
- Location
- Novato, CA
- CIK
- 0001801145
- Portfolio Value
- $78.5M (Q1 2025)
- SEC Filing
- 0001801145-25-000004 ↗ filed May 13, 2025
Holdings Value
Holdings 90 stocks · $78.5M
| MSFT Microsoft Corp. | 8.37% | 17,511 | $6.6M | Reduce -3.3% |
| AAPL Apple Inc. | 7.87% | 27,829 | $6.2M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 3.94% | 16,256 | $3.1M | Add +1.4% |
| XLV SS Health Care Select Sector | 3.75% | 20,158 | $2.9M | Reduce -3.6% |
| NVDA Nvidia Corp. | 3.48% | 25,242 | $2.7M | Add +1.8% |
| COST Costco Wholesale Corp. | 3.39% | 2,813 | $2.7M | Reduce -6.3% |
| QQQ Invesco QQQ Trust Series 1 | 3.06% | 5,123 | $2.4M | Add +18.0% |
| SCHO Schwab Short-Term US Treas | 2.67% | 86,061 | $2.1M | Add +12.4% |
| GOOGL Alphabet Inc. Class A | 2.57% | 13,039 | $2.0M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.11% | 3,107 | $1.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.10% | 2,951 | $1.7M | Reduce -1.5% |
| GOVT iShares US Treasury Bond ETF | 1.88% | 64,291 | $1.5M | Add +21.9% |
| DHR Danaher Corp. | 1.75% | 6,703 | $1.4M | Add +3.0% |
| IVV iShares Core S&P 500 ETF | 1.65% | 2,302 | $1.3M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 1.62% | 1,539 | $1.3M | Reduce -3.9% |
| BSX Boston Scientific Corp. | 1.52% | 11,863 | $1.2M | Reduce -0.1% |
| CRM Salesforce Inc. | 1.50% | 4,393 | $1.2M | Add +5.6% |
| TIP iShares Tips Bond ETF | 1.44% | 10,178 | $1.1M | Add +10.4% |
| PFF iShares Preferred & Income S | 1.40% | 35,882 | $1.1M | Add +13.6% |
| EFA iShares MSCI Eafe ETF | 1.39% | 13,356 | $1.1M | Reduce -45.0% |
| JPM JPMorgan Chase & Co. | 1.28% | 4,104 | $1.0M | Reduce -10.1% |
| META Meta Platforms Inc. Class A | 1.26% | 1,723 | $993K | Add +7.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.24% | 23,307 | $973K | No change |
| ISRG Intuitive Surgical Inc. | 1.23% | 1,956 | $969K | Reduce -0.1% |
| ANET Arista Networks Inc. | 1.11% | 11,252 | $872K | No change |
| MCD McDonald's Corp. | 1.08% | 2,716 | $848K | No change |
| HD Home Depot Inc. | 1.05% | 2,256 | $827K | Add +0.8% |
| CVX Chevron Corp. | 1.02% | 4,777 | $799K | Reduce -19.1% |
| ACN Accenture PLC Class A | 1.01% | 2,539 | $792K | Reduce -17.6% |
| ICSH iShares Ultra Short Duration | 0.95% | 14,778 | $749K | Add +31.2% |
| HON Honeywell International Inc. | 0.94% | 3,472 | $735K | Reduce -2.8% |
| SPDG SS SPDR P S&P Sec N D ETF | 0.93% | 19,248 | $728K | New |
| ADBE Adobe Inc. | 0.92% | 1,874 | $719K | Reduce -13.4% |
| FENY Fidelity MSCI Energy Index | 0.89% | 27,487 | $702K | Reduce -5.8% |
| MRK Merck & Co. Inc. | 0.89% | 7,756 | $696K | Reduce -10.5% |
| AMD Advanced Micro Devices | 0.86% | 6,535 | $671K | No change |
| SPGI S&P Global Inc. | 0.84% | 1,299 | $660K | No change |
| ELV Elevance Health Inc. | 0.84% | 1,509 | $656K | No change |
| MCK McKesson Corp. | 0.82% | 960 | $646K | No change |
| DE Deere & Co. | 0.75% | 1,249 | $586K | Add +1.1% |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.73% | 25,896 | $572K | Add +135.3% |
| FERG Ferguson Enterprises Inc. | 0.70% | 3,437 | $551K | Add +7.0% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.69% | 5,953 | $545K | No change |
| INTU Intuit Inc. | 0.65% | 832 | $511K | Add +6.4% |
| PANW Palo Alto Networks Inc. | 0.64% | 2,966 | $506K | Add +7.3% |
| GS Goldman Sachs Group Inc. | 0.63% | 905 | $494K | No change |
| IEMG iShares Core MSCI Emerging | 0.61% | 8,901 | $480K | Add +3.7% |
| XLB SS Materials Select Sector | 0.61% | 5,579 | $480K | Reduce -5.7% |
| MLM Martin Marietta Materials | 0.60% | 989 | $473K | Add +10.6% |
| SCHW Schwab (charles) Corp. | 0.60% | 6,036 | $472K | Add +7.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.59% | 11,393 | $464K | Add +4.8% |
| ADI Analog Devices Inc. | 0.58% | 2,250 | $454K | Reduce -2.2% |
| PGR Progressive Corp. | 0.58% | 1,598 | $452K | Add +5.2% |
| CSGP Costar Group Inc. | 0.54% | 5,312 | $421K | New |
| XOM Exxon Mobil Corp. | 0.53% | 3,523 | $419K | New |
| QCOM Qualcomm Inc. | 0.53% | 2,725 | $419K | Reduce -8.4% |
| APD Air Products & Chemicals Inc. | 0.53% | 1,402 | $413K | Add +7.2% |
| SRLN SS Blackstone Sr Loan ETF | 0.50% | 9,550 | $393K | Add +41.6% |
| SPHQ Invesco S&P 500 Quality ETF | 0.49% | 5,793 | $384K | Add +7.5% |
| ELF Elf Beauty Inc. | 0.48% | 5,967 | $375K | New |
| BLDR Builders Firstsource Inc. | 0.47% | 2,944 | $368K | Add +98.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 1,469 | $365K | Add +1.9% |
| EXPE Expedia Group Inc. | 0.45% | 2,112 | $355K | Add +11.9% |
| IUSV iShares Core S&P U.S. Value | 0.45% | 3,820 | $353K | Reduce -7.3% |
| ITW Illinois Tool Works | 0.44% | 1,391 | $345K | Reduce -8.7% |
| ABBV Abbvie Inc. | 0.43% | 1,595 | $334K | New |
| ENTG Entegris Inc. | 0.42% | 3,757 | $329K | Add +6.7% |
| JNJ Johnson & Johnson | 0.41% | 1,924 | $319K | Reduce -31.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.40% | 6,441 | $314K | Reduce -5.3% |
| IQLT iShares MSCI International Q | 0.40% | 7,906 | $314K | Add +7.3% |
| HELO JPMorgan Hedged Equity ETF | 0.39% | 5,164 | $308K | Reduce -37.1% |
| GTLB Gitlab Inc. Class A | 0.38% | 6,367 | $299K | Add +15.9% |
| GEV GE Vernova Inc. | 0.38% | 979 | $299K | New |
| MS Morgan Stanley | 0.38% | 2,548 | $297K | Reduce -0.2% |
| NEE Nextera Energy Inc. | 0.37% | 4,107 | $291K | Reduce -10.8% |
| IQV Iqvia Holdings Inc. | 0.37% | 1,641 | $289K | Reduce -18.9% |
| GOOG Alphabet Inc. Class C | 0.35% | 1,740 | $272K | No change |
| KNO Axs Knowledge Leaders ETF | 0.33% | 5,875 | $261K | Add +7.7% |
| TT Trane Technologies PLC | 0.33% | 767 | $258K | No change |
| MAR Marriott International Class A | 0.32% | 1,059 | $252K | No change |
| PG The Procter & Gamble Co. | 0.31% | 1,432 | $244K | Reduce -17.3% |
| NKE Nike Inc. Class B | 0.30% | 3,752 | $238K | Add +13.8% |
| ABT Abbott Laboratories | 0.30% | 1,795 | $238K | New |
| ETN Eaton Corp. PLC | 0.30% | 863 | $235K | Reduce -27.8% |
| ECL Ecolab Inc. | 0.29% | 910 | $231K | No change |
| JEF Jefferies Financial Group Inc. | 0.29% | 4,294 | $230K | New |
| DUK Duke Energy Corp. | 0.28% | 1,809 | $221K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 2,162 | $213K | No change |
| MRSH Marsh & McLennan Cos | 0.26% | 841 | $205K | New |
| PFE Pfizer Inc. | 0.26% | 7,900 | $200K | Reduce -44.0% |
Portfolio Sells Q4 2024 → Q1 2025
| XLK SS Technology Select Sector | Sold out | 0.00% | −3.98 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −2.62 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −2.53 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −2.43 |
| VOX Vanguard Communication Servi | Sold out | 0.00% | −1.81 |
| XLC SS Comm Select Sector SPDR | Sold out | 0.00% | −1.68 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −1.48 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −1.34 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −1.29 |
| VFH Vanguard Financials ETF | Sold out | 0.00% | −1.24 |
| V Visa Inc. Class A | Sold out | 0.00% | −1.06 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −0.99 |
| VB Vanguard Most SM-Cap ETF-Usd | Sold out | 0.00% | −0.82 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.81 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.71 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.71 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.68 |
| BLV Vanguard Long-Term Bond ETF | Sold out | 0.00% | −0.64 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.64 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.61 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.57 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.53 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.52 |
| USFR Wisdomtree Floating Rate Tre | Sold out | 0.00% | −0.51 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.46 |
| GLDM SPDR Gold Minishares Trust | Sold out | 0.00% | −0.43 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.43 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.43 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.43 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.43 |
| VGT Vanguard Info Tech ETF | Sold out | 0.00% | −0.43 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Sold out | 0.00% | −0.42 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.39 |
| AXP American Express Co. | Sold out | 0.00% | −0.36 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.35 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.34 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.28 |
| VCR Vanguard Consumer Discre ETF | Sold out | 0.00% | −0.28 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Sold out | 0.00% | −0.26 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.24 |
| GE General Electric | Sold out | 0.00% | −0.20 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.19 |
| IWF iShares Russell 1000 Growth | Sold out | 0.00% | −0.17 |
| VIS Vanguard Industrials ETF | Sold out | 0.00% | −0.17 |
| EFA iShares MSCI Eafe ETF | Reduce -45.0% | 1.39% | −0.07 |
| PFE Pfizer Inc. | Reduce -44.0% | 0.26% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -27.8% | 0.30% | −0.02 |
| HELO JPMorgan Hedged Equity ETF | Reduce -37.1% | 0.39% | −0.01 |
| IQV Iqvia Holdings Inc. | Reduce -18.9% | 0.37% | +0.05 |
| PG The Procter & Gamble Co. | Reduce -17.3% | 0.31% | +0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | Add +18.0% | 3.06% | +1.30 |
| SCHO Schwab Short-Term US Treas | Add +12.4% | 2.67% | +1.21 |
| AMZN Amazon.com Inc. | Add +1.4% | 3.94% | +1.15 |
| SPDG SS SPDR P S&P Sec N D ETF | New | 0.93% | +0.93 |
| GOVT iShares US Treasury Bond ETF | Add +21.9% | 1.88% | +0.92 |
| NVDA Nvidia Corp. | Add +1.8% | 3.48% | +0.84 |
| TIP iShares Tips Bond ETF | Add +10.4% | 1.44% | +0.66 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 2.57% | +0.63 |
| PFF iShares Preferred & Income S | Add +13.6% | 1.40% | +0.62 |
| DHR Danaher Corp. | Add +3.0% | 1.75% | +0.57 |
| CSGP Costar Group Inc. | New | 0.54% | +0.54 |
| XOM Exxon Mobil Corp. | New | 0.53% | +0.53 |
| BMRC Bank of Marin Bancorp | Add +135.3% | 0.73% | +0.52 |
| META Meta Platforms Inc. Class A | Add +7.0% | 1.26% | +0.52 |
| ICSH iShares Ultra Short Duration | Add +31.2% | 0.95% | +0.50 |
| ELF Elf Beauty Inc. | New | 0.48% | +0.48 |
| ABBV Abbvie Inc. | New | 0.43% | +0.43 |
| CRM Salesforce Inc. | Add +5.6% | 1.50% | +0.40 |
| GEV GE Vernova Inc. | New | 0.38% | +0.38 |
| HD Home Depot Inc. | Add +0.8% | 1.05% | +0.36 |
| DE Deere & Co. | Add +1.1% | 0.75% | +0.33 |
| ABT Abbott Laboratories | New | 0.30% | +0.30 |
| BLDR Builders Firstsource Inc. | Add +98.4% | 0.47% | +0.30 |
| JEF Jefferies Financial Group Inc. | New | 0.29% | +0.29 |
| PGR Progressive Corp. | Add +5.2% | 0.58% | +0.29 |
| DUK Duke Energy Corp. | New | 0.28% | +0.28 |
| SRLN SS Blackstone Sr Loan ETF | Add +41.6% | 0.50% | +0.28 |
| SCHW Schwab (charles) Corp. | Add +7.8% | 0.60% | +0.27 |
| MRSH Marsh & McLennan Cos | New | 0.26% | +0.26 |
| INTU Intuit Inc. | Add +6.4% | 0.65% | +0.26 |
| FERG Ferguson Enterprises Inc. | Add +7.0% | 0.70% | +0.26 |
| IEMG iShares Core MSCI Emerging | Add +3.7% | 0.61% | +0.26 |
| PANW Palo Alto Networks Inc. | Add +7.3% | 0.64% | +0.25 |
| MLM Martin Marietta Materials | Add +10.6% | 0.60% | +0.24 |
| APD Air Products & Chemicals Inc. | Add +7.2% | 0.53% | +0.23 |
| IBM Intl Business Machines Corp. | Add +1.9% | 0.47% | +0.21 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +4.8% | 0.59% | +0.20 |
| SPHQ Invesco S&P 500 Quality ETF | Add +7.5% | 0.49% | +0.20 |
| IQLT iShares MSCI International Q | Add +7.3% | 0.40% | +0.18 |
| EXPE Expedia Group Inc. | Add +11.9% | 0.45% | +0.17 |
| KNO Axs Knowledge Leaders ETF | Add +7.7% | 0.33% | +0.15 |
| ENTG Entegris Inc. | Add +6.7% | 0.42% | +0.14 |
| GTLB Gitlab Inc. Class A | Add +15.9% | 0.38% | +0.14 |
| NKE Nike Inc. Class B | Add +13.8% | 0.30% | +0.11 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Sold out | 294 | $351Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 132 | $143.2M | XLK, MSFT, GOOGL, AAPL, NVDA |
| Q1 2026 | 134 | $136.8M | AAPL, MSFT, XLK, GOOGL, NVDA |
| Q4 2025 | 129 | $144.6M | MSFT, AAPL, XLK, GOOGL, NVDA |
| Q3 2025 | 129 | $141.5M | MSFT, AAPL, XLK, NVDA, AMZN |
| Q2 2025 | 125 | $132.3M | MSFT, AAPL, XLK, NVDA, AMZN |
| Q1 2025 | 90 | $78.5M | MSFT, AAPL, AMZN, XLV, NVDA |
| Q4 2024 | 124 | $126.1M | MSFT, AAPL, XLK, AMZN, NVDA |
| Q3 2024 | 124 | $123.9M | MSFT, AAPL, XLK, VOO, XLV |
| Q2 2024 | 119 | $116.0M | MSFT, AAPL, XLK, XLV, NVDA |
| Q1 2024 | 114 | $113.6M | MSFT, AAPL, XLK, VOO, XLV |