Bank of Marin
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), Bank of Marin reported 129 stock positions worth $141.5 million. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Apple (AAPL, 5.0%) and SS Technology Select Sector (XLK, 4.4%). Compared with Q2 2025, it opened 8 new positions, sold out of 4, added to 43 and reduced 52. The biggest buy was Apple (AAPL, shares +1%) and the biggest sale an exit from T-Mobile US (TMUS).
- Most Recent 13F
- Q2 2026
- Location
- Novato, CA
- CIK
- 0001801145
- Portfolio Value
- $141.5M (Q3 2025)
- SEC Filing
- 0001628280-25-049072 ↗ filed Nov 5, 2025
Holdings Value
Holdings 129 stocks · $141.5M
| MSFT Microsoft Corp. | 6.44% | 17,582 | $9.1M | Reduce -0.9% |
| AAPL Apple Inc. | 5.00% | 27,751 | $7.1M | Add +0.8% |
| XLK SS Technology Select Sector | 4.38% | 21,977 | $6.2M | Add +0.9% |
| NVDA Nvidia Corp. | 3.45% | 26,185 | $4.9M | Add +1.2% |
| AMZN Amazon.com Inc. | 2.61% | 16,799 | $3.7M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 2.53% | 5,852 | $3.6M | Reduce -4.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.41% | 11,595 | $3.4M | No change |
| XLY SS Consumer Disc Select Sect | 2.32% | 13,705 | $3.3M | Reduce -2.6% |
| GOOGL Alphabet Inc. Class A | 2.29% | 13,337 | $3.2M | Reduce -0.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.04% | 4,805 | $2.9M | Reduce -2.5% |
| VOX Vanguard Communication Servi | 1.94% | 14,606 | $2.7M | Reduce -0.3% |
| XLV SS Health Care Select Sector | 1.94% | 19,670 | $2.7M | Reduce -2.0% |
| COST Costco Wholesale Corp. | 1.86% | 2,850 | $2.6M | Add +0.5% |
| XLC SS Comm Select Sector SPDR | 1.63% | 19,520 | $2.3M | Reduce -3.5% |
| SCHO Schwab Short-Term US Treas | 1.39% | 80,663 | $2.0M | Reduce -1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.38% | 2,933 | $2.0M | Reduce -0.6% |
| VFH Vanguard Financials ETF | 1.24% | 13,380 | $1.8M | Reduce -0.8% |
| XLF SS Financial Select Sector | 1.24% | 32,590 | $1.8M | Reduce -8.3% |
| XLI SS Industrial Select Sector | 1.24% | 11,368 | $1.8M | Reduce -4.6% |
| ANET Arista Networks Inc. | 1.21% | 11,761 | $1.7M | Add +4.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.10% | 3,107 | $1.6M | No change |
| IVV iShares Core S&P 500 ETF | 1.09% | 2,302 | $1.5M | No change |
| V Visa Inc. Class A | 1.08% | 4,493 | $1.5M | Add +2.3% |
| TLN Talen Energy Corp. | 1.08% | 3,599 | $1.5M | Reduce -9.1% |
| DHR Danaher Corp. | 1.05% | 7,524 | $1.5M | Add +8.9% |
| GOVT iShares US Treasury Bond ETF | 1.05% | 63,984 | $1.5M | No change |
| XLP SS Consumer Staples Sel Sect | 1.03% | 18,649 | $1.5M | Reduce -4.5% |
| JPM JPMorgan Chase & Co. | 0.91% | 4,103 | $1.3M | Add +4.6% |
| META Meta Platforms Inc. Class A | 0.91% | 1,748 | $1.3M | Reduce -4.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.90% | 24,718 | $1.3M | Add +6.0% |
| BNDX Vanguard Total Intl Bond ETF | 0.88% | 25,057 | $1.2M | Reduce -0.7% |
| BSX Boston Scientific Corp. | 0.86% | 12,515 | $1.2M | Add +5.5% |
| LLY Eli Lilly & Co. | 0.85% | 1,573 | $1.2M | Add +2.3% |
| VEA Vanguard Ftse Developed ETF | 0.83% | 19,620 | $1.2M | Add +19.0% |
| EFA iShares MSCI Eafe ETF | 0.82% | 12,352 | $1.2M | Reduce -4.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.77% | 4,300 | $1.1M | No change |
| TIP iShares Tips Bond ETF | 0.77% | 9,799 | $1.1M | Reduce -1.6% |
| CRM Salesforce Inc. | 0.77% | 4,586 | $1.1M | Add +3.1% |
| PFF iShares Preferred & Income S | 0.76% | 34,205 | $1.1M | Reduce -1.7% |
| USFR Wisdomtree Floating Rate Tre | 0.72% | 20,264 | $1.0M | Reduce -9.8% |
| TMO Thermo Fisher Scientific Inc. | 0.67% | 1,953 | $947K | No change |
| BLV Vanguard Long-Term Bond ETF | 0.66% | 13,236 | $938K | Reduce -1.1% |
| HD Home Depot Inc. | 0.66% | 2,311 | $936K | Add +1.0% |
| VXF Vanguard Extended Market ETF | 0.66% | 4,441 | $930K | Reduce -2.4% |
| GLDM SPDR Gold Minishares Trust | 0.65% | 12,080 | $924K | Add +9.6% |
| AMD Advanced Micro Devices | 0.65% | 5,652 | $914K | Reduce -0.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 2,708 | $889K | No change |
| ISRG Intuitive Surgical Inc. | 0.62% | 1,956 | $875K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.61% | 3,098 | $865K | Reduce -0.6% |
| MCD McDonald's Corp. | 0.58% | 2,687 | $817K | No change |
| SYK Stryker Corp. | 0.56% | 2,156 | $797K | No change |
| MLM Martin Marietta Materials | 0.52% | 1,178 | $742K | Reduce -0.4% |
| MCK McKesson Corp. | 0.52% | 960 | $742K | No change |
| SPDG SS SPDR P S&P Sec N D ETF | 0.52% | 18,407 | $740K | Reduce -1.8% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.52% | 6,967 | $731K | Add +10.6% |
| ICSH iShares Ultra Short Duration | 0.51% | 14,340 | $728K | Reduce -0.9% |
| FERG Ferguson Enterprises Inc. | 0.51% | 3,239 | $727K | Reduce -11.4% |
| HON Honeywell International Inc. | 0.51% | 3,447 | $726K | No change |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.51% | 12,199 | $722K | Add +37.2% |
| GS Goldman Sachs Group Inc. | 0.51% | 905 | $721K | No change |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.48% | 2,295 | $674K | Reduce -3.0% |
| IEMG iShares Core MSCI Emerging | 0.47% | 10,079 | $664K | Add +12.1% |
| CVX Chevron Corp. | 0.46% | 4,233 | $657K | Add +9.2% |
| ADBE Adobe Inc. | 0.46% | 1,853 | $654K | Reduce -1.1% |
| FENY Fidelity MSCI Energy Index | 0.46% | 26,249 | $649K | Reduce -1.5% |
| VGT Vanguard Info Tech ETF | 0.46% | 864 | $645K | No change |
| SCHW Schwab (charles) Corp. | 0.45% | 6,711 | $641K | Add +3.9% |
| PANW Palo Alto Networks Inc. | 0.45% | 3,131 | $638K | Reduce -0.7% |
| NFLX Netflix Inc. | 0.45% | 529 | $634K | Add +0.6% |
| SPGI S&P Global Inc. | 0.45% | 1,299 | $632K | No change |
| INTU Intuit Inc. | 0.45% | 923 | $630K | Add +3.0% |
| CGMU Cap Group Municipal Income | 0.43% | 22,251 | $607K | New |
| DE Deere & Co. | 0.42% | 1,299 | $594K | Add +2.2% |
| GEV GE Vernova Inc. | 0.42% | 961 | $591K | Reduce -26.4% |
| AVDE Avantis International Equity | 0.42% | 7,484 | $590K | Add +19.3% |
| JIRE JPMorgan Int Res Enh Eqty | 0.41% | 7,851 | $577K | Add +19.3% |
| ATI Ati Inc. | 0.40% | 6,872 | $559K | New |
| BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP | 0.38% | 22,390 | $544K | No change |
| ZTS Zoetis Inc. | 0.38% | 3,657 | $535K | Reduce -5.2% |
| XLE SS Energy Select Sector | 0.37% | 5,937 | $530K | Reduce -1.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.37% | 11,227 | $520K | Reduce -0.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.35% | 1,627 | $501K | No change |
| CSGP Costar Group Inc. | 0.35% | 5,925 | $500K | Add +4.2% |
| ACN Accenture PLC Class A | 0.35% | 2,024 | $499K | Reduce -20.7% |
| HELO JPMorgan Hedged Equity ETF | 0.35% | 7,632 | $496K | Add +12.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.35% | 5,662 | $494K | Reduce -8.9% |
| VEEV Veeva Systems Inc. Class A | 0.35% | 1,641 | $489K | Add +0.7% |
| XLB SS Materials Select Sector | 0.34% | 5,343 | $479K | Reduce -3.4% |
| VWO Vanguard Ftse Emerging Marke | 0.34% | 8,776 | $475K | Reduce -5.6% |
| ELV Elevance Health Inc. | 0.33% | 1,461 | $472K | Reduce -34.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 1,661 | $469K | Add +7.3% |
| MRK Merck & Co. Inc. | 0.33% | 5,522 | $463K | Reduce -5.7% |
| FICO Fair Isaac Corp. | 0.32% | 305 | $456K | Add +84.8% |
| ADI Analog Devices Inc. | 0.32% | 1,850 | $455K | No change |
| ETN Eaton Corp. PLC | 0.32% | 1,202 | $450K | Add +26.5% |
| ABBV Abbvie Inc. | 0.31% | 1,923 | $445K | Add +20.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.30% | 2,457 | $429K | Reduce -2.1% |
| GOOG Alphabet Inc. Class C | 0.30% | 1,740 | $424K | No change |
| EXPE Expedia Group Inc. | 0.29% | 1,951 | $417K | Add +1.6% |
| APD Air Products & Chemicals Inc. | 0.29% | 1,486 | $405K | Add +3.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $320K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 259 | $320K | No change |
Total filed on the 13F, all lines: $141.8M.
Portfolio Sells Q2 2025 → Q3 2025
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −0.38 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.36 |
| ELV Elevance Health Inc. | Reduce -34.9% | 0.33% | −0.33 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.32 |
| MSFT Microsoft Corp. | Reduce -0.9% | 6.44% | −0.23 |
| ACN Accenture PLC Class A | Reduce -20.7% | 0.35% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 2.61% | −0.18 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.18 |
| XLF SS Financial Select Sector | Reduce -8.3% | 1.24% | −0.17 |
| XLP SS Consumer Staples Sel Sect | Reduce -4.5% | 1.03% | −0.16 |
| PGR Progressive Corp. | Reduce -32.6% | 0.20% | −0.15 |
| USFR Wisdomtree Floating Rate Tre | Reduce -9.8% | 0.72% | −0.13 |
| SCHO Schwab Short-Term US Treas | Reduce -1.1% | 1.39% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -4.2% | 0.91% | −0.11 |
| XLV SS Health Care Select Sector | Reduce -2.0% | 1.94% | −0.11 |
| GEV GE Vernova Inc. | Reduce -26.4% | 0.42% | −0.10 |
| XLI SS Industrial Select Sector | Reduce -4.6% | 1.24% | −0.09 |
| FERG Ferguson Enterprises Inc. | Reduce -11.4% | 0.51% | −0.09 |
| ADBE Adobe Inc. | Reduce -1.1% | 0.46% | −0.09 |
| VOO Vanguard S&P 500 ETF | Reduce -4.0% | 2.53% | −0.08 |
| ZTS Zoetis Inc. | Reduce -5.2% | 0.38% | −0.08 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -0.7% | 0.88% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -4.8% | 0.82% | −0.06 |
| TIP iShares Tips Bond ETF | Reduce -1.6% | 0.77% | −0.06 |
| VFH Vanguard Financials ETF | Reduce -0.8% | 1.24% | −0.06 |
| PFF iShares Preferred & Income S | Reduce -1.7% | 0.76% | −0.04 |
| BLV Vanguard Long-Term Bond ETF | Reduce -1.1% | 0.66% | −0.04 |
| ICSH iShares Ultra Short Duration | Reduce -0.9% | 0.51% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -0.7% | 0.45% | −0.04 |
| DIS The Walt Disney Co. | Reduce -5.4% | 0.17% | −0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -8.4% | 0.27% | −0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -8.9% | 0.35% | −0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -3.0% | 0.48% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -6.6% | 0.27% | −0.03 |
| MAR Marriott International Class A | Reduce -3.4% | 0.19% | −0.03 |
| XLB SS Materials Select Sector | Reduce -3.4% | 0.34% | −0.03 |
| SPDG SS SPDR P S&P Sec N D ETF | Reduce -1.8% | 0.52% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -3.5% | 1.63% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -5.7% | 0.33% | −0.02 |
| SRLN SS Blackstone Sr Loan ETF | Reduce -0.8% | 0.27% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.5% | 2.04% | −0.02 |
| FENY Fidelity MSCI Energy Index | Reduce -1.5% | 0.46% | −0.01 |
| ECL Ecolab Inc. | Reduce -2.7% | 0.17% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -5.6% | 0.34% | −0.01 |
| XLE SS Energy Select Sector | Reduce -1.2% | 0.37% | −0.01 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -2.1% | 0.30% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -2.4% | 0.66% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.6% | 1.38% | +0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -0.9% | 0.37% | +0.00 |
| XLY SS Consumer Disc Select Sect | Reduce -2.6% | 2.32% | +0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AAPL Apple Inc. | Add +0.8% | 5.00% | +0.72 |
| CGMU Cap Group Municipal Income | New | 0.43% | +0.43 |
| ATI Ati Inc. | New | 0.40% | +0.40 |
| NVDA Nvidia Corp. | Add +1.2% | 3.45% | +0.36 |
| ANET Arista Networks Inc. | Add +4.5% | 1.21% | +0.34 |
| SPSC SPS Commerce Inc. | New | 0.24% | +0.24 |
| BLDR Builders Firstsource Inc. | New | 0.23% | +0.23 |
| MKL Markel Group Inc. | New | 0.23% | +0.23 |
| XLK SS Technology Select Sector | Add +0.9% | 4.38% | +0.21 |
| ELF Elf Beauty Inc. | New | 0.20% | +0.20 |
| AVUV Avantis US Small Cap Value | New | 0.16% | +0.16 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +37.2% | 0.51% | +0.14 |
| RTX RTX Corp. | New | 0.14% | +0.14 |
| VEA Vanguard Ftse Developed ETF | Add +19.0% | 0.83% | +0.12 |
| GLDM SPDR Gold Minishares Trust | Add +9.6% | 0.65% | +0.11 |
| FICO Fair Isaac Corp. | Add +84.8% | 0.32% | +0.09 |
| ABBV Abbvie Inc. | Add +20.6% | 0.31% | +0.09 |
| BAC Bank of America Corp. | Add +6.0% | 0.90% | +0.07 |
| AVDE Avantis International Equity | Add +19.3% | 0.42% | +0.07 |
| AVGO Broadcom Inc. | Add +20.0% | 0.24% | +0.06 |
| IEMG iShares Core MSCI Emerging | Add +12.1% | 0.47% | +0.06 |
| ETN Eaton Corp. PLC | Add +26.5% | 0.32% | +0.06 |
| JIRE JPMorgan Int Res Enh Eqty | Add +19.3% | 0.41% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +4.6% | 0.91% | +0.06 |
| EXPE Expedia Group Inc. | Add +1.6% | 0.29% | +0.05 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +10.6% | 0.52% | +0.05 |
| CVX Chevron Corp. | Add +9.2% | 0.46% | +0.04 |
| HELO JPMorgan Hedged Equity ETF | Add +12.2% | 0.35% | +0.03 |
| HD Home Depot Inc. | Add +1.0% | 0.66% | +0.03 |
| DHR Danaher Corp. | Add +8.9% | 1.05% | +0.02 |
| NEE Nextera Energy Inc. | Add +11.2% | 0.17% | +0.02 |
| THC Tenet Healthcare Corp. | Add +1.1% | 0.20% | +0.02 |
| ABT Abbott Laboratories | Add +16.9% | 0.20% | +0.01 |
| CSGP Costar Group Inc. | Add +4.2% | 0.35% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +3.9% | 0.45% | +0.01 |
| WMT Walmart Inc. | Add +4.8% | 0.17% | +0.01 |
| ITW Illinois Tool Works | Add +3.2% | 0.28% | +0.00 |
| COF Capital One Financial Corp. | Add +8.6% | 0.19% | +0.00 |
| VEEV Veeva Systems Inc. Class A | Add +0.7% | 0.35% | −0.01 |
| IBM Intl Business Machines Corp. | Add +7.3% | 0.33% | −0.01 |
| MRSH Marsh & McLennan Cos | Add +5.4% | 0.14% | −0.01 |
| NKE Nike Inc. Class B | Add +2.0% | 0.25% | −0.02 |
| APD Air Products & Chemicals Inc. | Add +3.5% | 0.29% | −0.02 |
| LLY Eli Lilly & Co. | Add +2.3% | 0.85% | −0.06 |
| DE Deere & Co. | Add +2.2% | 0.42% | −0.07 |
| NFLX Netflix Inc. | Add +0.6% | 0.45% | −0.08 |
| INTU Intuit Inc. | Add +3.0% | 0.45% | −0.09 |
| V Visa Inc. Class A | Add +2.3% | 1.08% | −0.09 |
| BSX Boston Scientific Corp. | Add +5.5% | 0.86% | −0.10 |
| CRM Salesforce Inc. | Add +3.1% | 0.77% | −0.15 |
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 |