Bank of Marin

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Bank of Marin reported 134 stock positions worth $136.8 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.5%) and SS Technology Select Sector (XLK, 4.1%). Compared with Q4 2025, it opened 15 new positions, sold out of 10, added to 45 and reduced 44. The biggest buy was a new position in Phillips 66 (PSX) and the biggest sale Microsoft (MSFT, shares −3%).

Most Recent 13F
Q2 2026
Location
Novato, CA
CIK
0001801145
Portfolio Value
$136.8M (Q1 2026)
SEC Filing
0001628280-26-034926 ↗ filed May 14, 2026

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 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 $136.8M Q1 2026 Q2 2026: $143.2M Q2 2026

Holdings 134 stocks · $136.8M
AAPL Apple Inc. 5.03% 27,081 $6.9M Reduce -1.4%
MSFT Microsoft Corp. 4.53% 16,737 $6.2M Reduce -3.5%
XLK SS Technology Select Sector 4.13% 42,528 $5.7M Reduce -0.4%
GOOGL Alphabet Inc. Class A 2.84% 13,506 $3.9M Reduce -0.5%
NVDA Nvidia Corp. 2.74% 21,470 $3.7M Reduce -2.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 2.43% 11,595 $3.3M No change
VOO Vanguard S&P 500 ETF 2.42% 5,530 $3.3M Reduce -3.3%
AMZN Amazon.com Inc. 2.23% 14,647 $3.1M Reduce -8.6%
XLY SS Consumer Disc Select Sect 2.23% 27,972 $3.0M Add +4.0%
XLV SS Health Care Select Sector 2.13% 19,872 $2.9M Add +2.0%
COST Costco Wholesale Corp. 2.08% 2,850 $2.8M No change
QQQ Invesco QQQ Trust Series 1 2.05% 4,857 $2.8M Add +2.1%
VOX Vanguard Communication Servi 1.83% 13,934 $2.5M Reduce -4.6%
BMRC Bank of Marin Bancorp 1.82% 97,046 $2.5M Reduce -6.7%
SCHO Schwab Short-Term US Treas 1.50% 84,550 $2.1M Add +4.3%
XLI SS Industrial Select Sector 1.42% 11,987 $1.9M Add +6.3%
XLC SS Comm Select Sector SPDR 1.35% 16,607 $1.8M Reduce -10.9%
SPY SS SPDR S&P 500 ETF Trust-US 1.32% 2,779 $1.8M Reduce -3.6%
BRK.B Berkshire Hathaway Inc. Class B 1.26% 3,587 $1.7M Add +15.4%
IVV iShares Core S&P 500 ETF 1.22% 2,562 $1.7M Add +13.1%
XLF SS Financial Select Sector 1.18% 32,812 $1.6M Add +2.6%
VFH Vanguard Financials ETF 1.17% 13,249 $1.6M Add +0.6%
XLP SS Consumer Staples Sel Sect 1.09% 18,220 $1.5M Reduce -1.3%
GOVT iShares US Treasury Bond ETF 1.06% 63,141 $1.4M Reduce -1.3%
V Visa Inc. Class A 1.02% 4,622 $1.4M Add +2.9%
DHR Danaher Corp. 1.02% 7,360 $1.4M Add +1.3%
ANET Arista Networks Inc. 1.00% 11,136 $1.4M Reduce -1.0%
LLY Eli Lilly & Co. 0.95% 1,419 $1.3M Reduce -8.6%
VEA Vanguard Ftse Developed ETF 0.95% 20,267 $1.3M Add +3.3%
BNDX Vanguard Total Intl Bond ETF 0.92% 26,145 $1.3M Add +4.0%
EFA iShares MSCI Eafe ETF 0.88% 12,363 $1.2M Add +2.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.86% 24,263 $1.2M No change
JPM JPMorgan Chase & Co. 0.86% 4,021 $1.2M Reduce -1.9%
AMD Advanced Micro Devices 0.84% 5,652 $1.1M No change
TIP iShares Tips Bond ETF 0.82% 10,218 $1.1M Add +4.9%
VB Vanguard Most SM-Cap ETF-Usd 0.82% 4,300 $1.1M No change
TMO Thermo Fisher Scientific Inc. 0.75% 2,077 $1.0M Add +6.4%
VXF Vanguard Extended Market ETF 0.74% 4,917 $1.0M Add +12.4%
META Meta Platforms Inc. Class A 0.74% 1,763 $1.0M Add +2.0%
PFF iShares Preferred & Income S 0.72% 32,382 $982K Reduce -11.0%
USFR Wisdomtree Floating Rate Tre 0.67% 18,165 $914K Reduce -10.1%
GLDM SPDR Gold Minishares Trust 0.65% 9,657 $895K Reduce -20.1%
FENY Fidelity MSCI Energy Index 0.65% 26,199 $891K Reduce -0.2%
CVX Chevron Corp. 0.65% 4,292 $888K Add +4.3%
ISRG Intuitive Surgical Inc. 0.65% 1,926 $888K No change
SPDG SS SPDR P S&P Sec N D ETF 0.64% 21,122 $880K Add +16.0%
IEMG iShares Core MSCI Emerging 0.64% 12,608 $879K Add +17.9%
ARM Arm Holdings PLC-ADR 0.64% 5,775 $874K Add +23.3%
BLV Vanguard Long-Term Bond ETF 0.61% 12,178 $838K Reduce -7.2%
MCD McDonald's Corp. 0.61% 2,687 $835K No change
MCK McKesson Corp. 0.61% 960 $831K No change
SYK Stryker Corp. 0.59% 2,446 $804K Add +7.2%
HD Home Depot Inc. 0.59% 2,440 $802K Add +5.6%
VTI VG Morningstar TS MKT ETF-US 0.58% 2,493 $800K Reduce -7.6%
HON Honeywell International Inc. 0.57% 3,443 $778K No change
BSX Boston Scientific Corp. 0.57% 12,358 $775K Reduce -1.2%
PSX Phillips 66 0.56% 4,235 $772K New
GS Goldman Sachs Group Inc. 0.56% 905 $766K No change
XMHQ Invesco S&P Midcap Qual ETF 0.54% 7,088 $733K Add +1.7%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.53% 12,508 $728K Reduce -1.1%
XLE SS Energy Select Sector 0.52% 11,654 $714K Reduce -0.8%
CGMU Cap Group Municipal Income 0.51% 25,925 $704K No change
FERG Ferguson Enterprises Inc. 0.51% 3,017 $704K Reduce -1.1%
NFLX Netflix Inc. 0.51% 7,244 $697K Add +44.7%
XLB SS Materials Select Sector 0.50% 13,718 $685K Add +31.8%
ICSH iShares Ultra Short Duration 0.49% 13,246 $671K Reduce -7.3%
GEV GE Vernova Inc. 0.49% 766 $669K Reduce -16.7%
DE Deere & Co. 0.49% 1,186 $668K Reduce -8.7%
MRK Merck & Co. Inc. 0.49% 5,522 $664K No change
AVDE Avantis International Equity 0.48% 7,738 $656K Add +3.4%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.47% 2,482 $639K Add +10.0%
JIRE JPMorgan Int Res Enh Eqty 0.45% 8,146 $617K Add +3.8%
XOM Exxon Mobil Corp. 0.44% 3,523 $598K No change
ADI Analog Devices Inc. 0.43% 1,850 $589K No change
PANW Palo Alto Networks Inc. 0.42% 3,542 $568K Add +20.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.41% 12,124 $556K Add +9.0%
SPSM SS SPDR P S&P 600 Small Cap 0.41% 11,496 $555K Add +3.9%
SPGI S&P Global Inc. 0.40% 1,299 $553K No change
CRM Salesforce Inc. 0.38% 2,800 $523K Reduce -38.0%
VGT Vanguard Info Tech ETF 0.38% 738 $515K Reduce -14.6%
PGR Progressive Corp. 0.37% 2,586 $513K Add +121.4%
TSM Taiwan Semiconductor-SP ADR 0.36% 1,459 $493K Reduce -49.4%
GOOG Alphabet Inc. Class C 0.36% 1,718 $493K No change
VWO Vanguard Ftse Emerging Marke 0.36% 9,043 $489K Add +5.1%
HELO JPMorgan Hedged Equity ETF 0.36% 7,617 $487K Reduce -0.2%
MLM Martin Marietta Materials 0.35% 804 $473K Reduce -27.8%
TYL Tyler Technologies Inc. 0.34% 1,349 $462K New
APD Air Products & Chemicals Inc. 0.33% 1,572 $457K New
ATI Ati Inc. 0.33% 3,070 $447K Reduce -58.6%
BWXT BWX Technologies Inc. 0.32% 2,138 $437K New
SRLN SS Blackstone Sr Loan ETF 0.32% 10,825 $435K Add +14.3%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.32% 5,941 $431K Reduce -1.7%
ELV Elevance Health Inc. 0.31% 1,461 $428K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.31% 2,298 $423K Reduce -5.8%
ETN Eaton Corp. PLC 0.31% 1,182 $423K Add +4.4%
INTU Intuit Inc. 0.31% 974 $421K Add +13.8%
MS Morgan Stanley 0.31% 2,543 $419K No change
ABBV Abbvie Inc. 0.31% 1,923 $418K No change
AVGO Broadcom Inc. 0.30% 1,305 $404K Add +24.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.29% 1,661 $403K No change
IUSV iShares Core S&P U.S. Value 0.29% 3,922 $401K Add +2.7%
ITW Illinois Tool Works 0.29% 1,499 $390K No change
VCR Vanguard Consumer Discre ETF 0.28% 1,077 $387K Add +19.8%
ZTS Zoetis Inc. 0.27% 3,157 $373K Reduce -13.7%
SPHQ Invesco S&P 500 Quality ETF 0.27% 4,836 $364K Reduce -2.2%
WCC Wesco International Inc. 0.26% 1,294 $354K New
ACN Accenture PLC Class A 0.25% 1,755 $348K No change
TLN Talen Energy Corp. 0.25% 1,086 $347K Reduce -67.5%
MAR Marriott International Class A 0.24% 1,023 $335K No change
LDRH Ish Ibonds 1-5Y HY & Inc. Lad 0.24% 13,515 $333K New
QCOM Qualcomm Inc. 0.23% 2,400 $309K No change
SMERY Siemens Energy AG Spon ADR 0.23% 1,881 $308K New
ADBE Adobe Inc. 0.22% 1,257 $306K Reduce -31.3%
NEE Nextera Energy Inc. 0.22% 3,232 $300K No change
VIS Vanguard Industrials ETF 0.22% 955 $298K Add +14.7%
MKL Markel Group Inc. 0.22% 155 $297K New
VNQ Vanguard Real Estate ETF 0.21% 3,234 $287K Reduce -21.1%
PFE Pfizer Inc. 0.21% 10,150 $285K New
WMT Walmart Inc. 0.21% 2,285 $284K No change
TPL Texas Pacific Land Corp. 0.21% 598 $284K New
FCX Freeport-McMoran Inc. 0.20% 4,750 $279K No change
VG Venture Global Inc. Class A 0.20% 17,456 $275K New
AVUV Avantis US Small Cap Value 0.20% 2,442 $270K Add +4.2%
TT Trane Technologies PLC 0.19% 632 $263K Reduce -17.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.18% 2,610 $252K Add +27.6%
ELE Elemental Royalty Corp. 0.18% 13,218 $249K New
THC Tenet Healthcare Corp. 0.18% 1,286 $243K Reduce -1.9%
JNJ Johnson & Johnson 0.17% 961 $235K New
ECL Ecolab Inc. 0.17% 874 $233K No change
RTX RTX Corp. 0.17% 1,200 $231K No change
VRT Vertiv Holdings Co. Class A 0.17% 921 $231K New
ABT Abbott Laboratories 0.16% 2,071 $213K No change
RWT Redwood Trust Inc. 0.13% 31,402 $176K Add +201.9%
SNWGF Snowline Gold Corp. 0.08% 11,298 $113K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $293K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 254$293KAdd +10.9%

Total filed on the 13F, all lines: $137.0M.

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -3.5% 4.53% −1.27
TLN Talen Energy Corp. Reduce -67.5% 0.25% −0.61
CRM Salesforce Inc. Reduce -38.0% 0.38% −0.45
SCHW Schwab (charles) Corp. Sold out 0.00% −0.44
FICO Fair Isaac Corp. Sold out 0.00% −0.41
VV Vngrd Mrgstr LRG-Cap ETF-Usd Sold out 0.00% −0.35
EXPE Expedia Group Inc. Sold out 0.00% −0.35
CSGP Costar Group Inc. Sold out 0.00% −0.34
AMZN Amazon.com Inc. Reduce -8.6% 2.23% −0.33
ATI Ati Inc. Reduce -58.6% 0.33% −0.26
BSX Boston Scientific Corp. Reduce -1.2% 0.57% −0.26
TSM Taiwan Semiconductor-SP ADR Reduce -49.4% 0.36% −0.25
VEEV Veeva Systems Inc. Class A Sold out 0.00% −0.23
ADBE Adobe Inc. Reduce -31.3% 0.22% −0.22
NKE Nike Inc. Class B Sold out 0.00% −0.21
LLY Eli Lilly & Co. Reduce -8.6% 0.95% −0.20
COF Capital One Financial Corp. Sold out 0.00% −0.18
XLC SS Comm Select Sector SPDR Reduce -10.9% 1.35% −0.17
ELF Elf Beauty Inc. Sold out 0.00% −0.17
AAPL Apple Inc. Reduce -1.4% 5.03% −0.14
IWF iShares Russell 1000 Growth Sold out 0.00% −0.14
MLM Martin Marietta Materials Reduce -27.8% 0.35% −0.13
VOX Vanguard Communication Servi Reduce -4.6% 1.83% −0.12
XLK SS Technology Select Sector Reduce -0.4% 4.13% −0.12
NVDA Nvidia Corp. Reduce -2.8% 2.74% −0.11
GOOGL Alphabet Inc. Class A Reduce -0.5% 2.84% −0.10
VGT Vanguard Info Tech ETF Reduce -14.6% 0.38% −0.07
VOO Vanguard S&P 500 ETF Reduce -3.3% 2.42% −0.06
PFF iShares Preferred & Income S Reduce -11.0% 0.72% −0.06
GLDM SPDR Gold Minishares Trust Reduce -20.1% 0.65% −0.06
BMRC Bank of Marin Bancorp Reduce -6.7% 1.82% −0.05
JPM JPMorgan Chase & Co. Reduce -1.9% 0.86% −0.05
ZTS Zoetis Inc. Reduce -13.7% 0.27% −0.05
VNQ Vanguard Real Estate ETF Reduce -21.1% 0.21% −0.04
VTI VG Morningstar TS MKT ETF-US Reduce -7.6% 0.58% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.6% 1.32% −0.04
USFR Wisdomtree Floating Rate Tre Reduce -10.1% 0.67% −0.03
ANET Arista Networks Inc. Reduce -1.0% 1.00% −0.02
BLV Vanguard Long-Term Bond ETF Reduce -7.2% 0.61% −0.02
TT Trane Technologies PLC Reduce -17.6% 0.19% −0.01
ICSH iShares Ultra Short Duration Reduce -7.3% 0.49% −0.01
THC Tenet Healthcare Corp. Reduce -1.9% 0.18% −0.00
DYNF Ishrs US E F R A ETF-Usd Inc. Reduce -1.1% 0.53% +0.00
HELO JPMorgan Hedged Equity ETF Reduce -0.2% 0.36% +0.01
SPHQ Invesco S&P 500 Quality ETF Reduce -2.2% 0.27% +0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -5.8% 0.31% +0.01
IFF Intl Flavors & Fragrances Reduce -1.7% 0.32% +0.03
GOVT iShares US Treasury Bond ETF Reduce -1.3% 1.06% +0.04
FERG Ferguson Enterprises Inc. Reduce -1.1% 0.51% +0.04
DE Deere & Co. Reduce -8.7% 0.49% +0.07

Portfolio Buys Q4 2025 → Q1 2026
PSX Phillips 66 New 0.56% +0.56
TYL Tyler Technologies Inc. New 0.34% +0.34
APD Air Products & Chemicals Inc. New 0.33% +0.33
BWXT BWX Technologies Inc. New 0.32% +0.32
ARM Arm Holdings PLC-ADR Add +23.3% 0.64% +0.28
WCC Wesco International Inc. New 0.26% +0.26
LDRH Ish Ibonds 1-5Y HY & Inc. Lad New 0.24% +0.24
SMERY Siemens Energy AG Spon ADR New 0.23% +0.23
MKL Markel Group Inc. New 0.22% +0.22
CVX Chevron Corp. Add +4.3% 0.65% +0.22
PFE Pfizer Inc. New 0.21% +0.21
TPL Texas Pacific Land Corp. New 0.21% +0.21
XLI SS Industrial Select Sector Add +6.3% 1.42% +0.21
VG Venture Global Inc. Class A New 0.20% +0.20
PGR Progressive Corp. Add +121.4% 0.37% +0.19
NFLX Netflix Inc. Add +44.7% 0.51% +0.18
ELE Elemental Royalty Corp. New 0.18% +0.18
BRK.B Berkshire Hathaway Inc. Class B Add +15.4% 1.26% +0.18
XLB SS Materials Select Sector Add +31.8% 0.50% +0.17
JNJ Johnson & Johnson New 0.17% +0.17
VRT Vertiv Holdings Co. Class A New 0.17% +0.17
IVV iShares Core S&P 500 ETF Add +13.1% 1.22% +0.15
IEMG iShares Core MSCI Emerging Add +17.9% 0.64% +0.15
SCHO Schwab Short-Term US Treas Add +4.3% 1.50% +0.13
SPDG SS SPDR P S&P Sec N D ETF Add +16.0% 0.64% +0.13
VXF Vanguard Extended Market ETF Add +12.4% 0.74% +0.11
VEA Vanguard Ftse Developed ETF Add +3.3% 0.95% +0.10
RWT Redwood Trust Inc. Add +201.9% 0.13% +0.09
TIP iShares Tips Bond ETF Add +4.9% 0.82% +0.08
SNWGF Snowline Gold Corp. New 0.08% +0.08
BNDX Vanguard Total Intl Bond ETF Add +4.0% 0.92% +0.08
XLU St Sr Utl SL SE SPDR ETF-Usd Add +9.0% 0.41% +0.08
EFA iShares MSCI Eafe ETF Add +2.0% 0.88% +0.07
ETN Eaton Corp. PLC Add +4.4% 0.31% +0.06
AVDE Avantis International Equity Add +3.4% 0.48% +0.05
SPSM SS SPDR P S&P 600 Small Cap Add +3.9% 0.41% +0.05
SRLN SS Blackstone Sr Loan ETF Add +14.3% 0.32% +0.05
VIS Vanguard Industrials ETF Add +14.7% 0.22% +0.05
JIRE JPMorgan Int Res Enh Eqty Add +3.8% 0.45% +0.04
XLV SS Health Care Select Sector Add +2.0% 2.13% +0.04
AVGO Broadcom Inc. Add +24.3% 0.30% +0.04
XMHQ Invesco S&P Midcap Qual ETF Add +1.7% 0.54% +0.04
PANW Palo Alto Networks Inc. Add +20.5% 0.42% +0.04
VCR Vanguard Consumer Discre ETF Add +19.8% 0.28% +0.04
VWO Vanguard Ftse Emerging Marke Add +5.1% 0.36% +0.04
HD Home Depot Inc. Add +5.6% 0.59% +0.04
SYK Stryker Corp. Add +7.2% 0.59% +0.03
AVUV Avantis US Small Cap Value Add +4.2% 0.20% +0.03
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +10.0% 0.47% +0.03
QQQ Invesco QQQ Trust Series 1 Add +2.1% 2.05% +0.03

Notes & Other Activity Q4 2025 → Q1 2026
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +10.9% 254 $293K

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