Harbor Investment Advisory, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 1, 2025), Harbor Investment Advisory, LLC reported 1,168 stock positions worth $1.1 billion. Its top holding was Marriott International Class A (MAR) at 13.6% of the portfolio, followed by Apple (AAPL, 6.1%) and Amazon.com (AMZN, 4.6%). Compared with Q1 2025, it opened 46 new positions, sold out of 47, added to 275 and reduced 253. The biggest buy was Broadcom (AVGO, shares +12%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- LUTHERVILLE, MD
- CIK
- 0001468792
- Portfolio Value
- $1.1B (Q2 2025)
- SEC Filing
- 0001468792-25-000005 ↗ filed Jul 1, 2025
Holdings Value
Holdings 1,168 stocks · $1.1B
| MAR Marriott International Class A | 13.57% | 557,469 | $152.3M | Reduce -0.0% |
| AAPL Apple Inc. | 6.12% | 352,168 | $68.7M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 4.64% | 303,839 | $52.1M | Reduce -0.1% |
| MSFT Microsoft Corp. | 4.09% | 146,038 | $45.9M | Reduce -0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.71% | 232,739 | $30.4M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 2.70% | 172,030 | $30.3M | Add +1.9% |
| JPM JPMorgan Chase & Co. | 1.43% | 68,963 | $16.0M | Reduce -0.6% |
| MA Mastercard Inc. Class A | 1.36% | 27,090 | $15.2M | Reduce -1.5% |
| V Visa Inc. Class A | 1.24% | 39,234 | $13.9M | Reduce -1.3% |
| VTI VG Morningstar TS MKT ETF-US | 1.22% | 45,104 | $13.7M | Reduce -4.8% |
| RSP Invesco S&P 500 Equal Weight | 1.12% | 69,228 | $12.6M | Add +6.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.12% | 28,647 | $12.6M | Add +8.3% |
| GLDM SPDR Gold Minishares Trust | 1.07% | 183,454 | $12.0M | Add +1.1% |
| GOOG Alphabet Inc. Class C | 1.07% | 76,141 | $12.0M | Reduce -14.5% |
| NVDA Nvidia Corp. | 1.05% | 74,270 | $11.7M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 1.04% | 20,596 | $11.7M | Add +5.0% |
| IVV iShares Core S&P 500 ETF | 1.02% | 18,475 | $11.5M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.95% | 14,412 | $10.6M | Add +1.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.87% | 106,432 | $9.8M | Add +10.9% |
| IWN iShares Russell 2000 Value E | 0.87% | 61,632 | $9.7M | Reduce -0.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.85% | 54,105 | $9.6M | Add +22.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.79% | 14,374 | $8.9M | Add +7.5% |
| UNH Unitedhealth Group Inc. | 0.76% | 27,344 | $8.5M | Reduce -15.7% |
| LLY Eli Lilly & Co. | 0.70% | 10,113 | $7.9M | Reduce -0.1% |
| IWY iShares Russell Top 200 Grow | 0.70% | 31,854 | $7.9M | Add +18.0% |
| AVGO Broadcom Inc. | 0.68% | 27,607 | $7.6M | Add +12.1% |
| BLK BlackRock Inc. | 0.68% | 7,243 | $7.6M | Reduce -0.6% |
| VNQ Vanguard Real Estate ETF | 0.61% | 76,381 | $6.8M | Reduce -1.1% |
| AMGN Amgen Inc. | 0.61% | 24,333 | $6.8M | Reduce -0.3% |
| EFA iShares MSCI Eafe ETF | 0.58% | 73,426 | $6.6M | Add +0.0% |
| JNJ Johnson & Johnson | 0.55% | 40,498 | $6.2M | Reduce -2.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.51% | 11,261 | $5.7M | Add +2.8% |
| JAAA Janus Henderson Aaa Clo ETF | 0.51% | 112,884 | $5.7M | Add +5.9% |
| COST Costco Wholesale Corp. | 0.51% | 5,785 | $5.7M | Add +4.6% |
| GLD SPDR Gold Shares | 0.51% | 18,735 | $5.7M | Add +8.0% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.51% | 20,053 | $5.7M | Reduce -1.6% |
| IWF iShares Russell 1000 Growth | 0.50% | 13,240 | $5.6M | Add +0.1% |
| IWO iShares Russell 2000 Growth | 0.49% | 19,341 | $5.5M | Reduce -2.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.49% | 65,966 | $5.5M | Add +7.6% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.47% | 31,949 | $5.3M | Reduce -1.3% |
| WMT Walmart Inc. | 0.46% | 52,554 | $5.1M | Add +1.1% |
| JEPI JPMorgan Equity Premium Inco | 0.45% | 89,007 | $5.1M | Reduce -0.5% |
| BX Blackstone Inc. | 0.45% | 33,766 | $5.1M | Reduce -2.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.44% | 103,522 | $4.9M | Add +1.9% |
| SBUX Starbucks Corp. | 0.43% | 52,553 | $4.8M | Reduce -2.1% |
| IWP iShares Russell Mid-Cap Grow | 0.42% | 34,362 | $4.8M | Add +86.2% |
| TSLA Tesla Inc. | 0.42% | 14,941 | $4.7M | Add +11.1% |
| AMT American Tower Corp. | 0.42% | 21,327 | $4.7M | Add +18.7% |
| HD Home Depot Inc. | 0.41% | 12,558 | $4.6M | Reduce -2.2% |
| ORCL Oracle Corp. | 0.40% | 20,341 | $4.4M | Add +14.9% |
| IWB iShares Russell 1000 ETF | 0.40% | 13,071 | $4.4M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.39% | 40,676 | $4.4M | Reduce -3.7% |
| DGRO iShares Core Dividend Growth | 0.38% | 66,833 | $4.3M | Add +43.8% |
| IWX iShares Russell Top 200 Valu | 0.38% | 50,180 | $4.2M | No change |
| IJH iShares Core S&P Midcap ETF | 0.36% | 65,976 | $4.1M | Add +5.9% |
| ABBV Abbvie Inc. | 0.36% | 21,889 | $4.1M | Add +2.3% |
| HELO JPMorgan Hedged Equity ETF | 0.36% | 64,725 | $4.1M | Add +2.9% |
| FVD First Trust Value Line DVD | 0.36% | 89,166 | $4.0M | Reduce -1.7% |
| IVE iShares S&P 500 Value ETF | 0.35% | 20,113 | $3.9M | Add +0.3% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 35,590 | $3.9M | Reduce -0.1% |
| IWD iShares Russell 1000 Value E | 0.34% | 19,586 | $3.8M | Add +0.2% |
| MKL Markel Group Inc. | 0.32% | 1,797 | $3.6M | Add +5.2% |
| EQIX Equinix Inc. | 0.32% | 4,499 | $3.6M | Reduce -1.3% |
| UBER Uber Technologies Inc. | 0.31% | 37,802 | $3.5M | Add +2.3% |
| ABT Abbott Laboratories | 0.31% | 25,859 | $3.5M | Add +0.4% |
| NFLX Netflix Inc. | 0.31% | 19,152 | $3.4M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.30% | 21,425 | $3.4M | Reduce -2.4% |
| HON Honeywell International Inc. | 0.30% | 14,526 | $3.4M | Add +1.8% |
| VIG Vanguard Dividend Apprec ETF | 0.29% | 16,122 | $3.3M | Reduce -6.0% |
| DFIS Dimensional International SM | 0.29% | 109,539 | $3.3M | Add +110.1% |
| ZION Zions Bancorp NA | 0.29% | 62,928 | $3.3M | No change |
| SYK Stryker Corp. | 0.29% | 8,155 | $3.2M | Add +4.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.29% | 38,650 | $3.2M | Reduce -0.9% |
| IWS iShares Russell Mid-Cap Valu | 0.28% | 23,644 | $3.1M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.28% | 5,612 | $3.1M | Reduce -18.2% |
| DLR Digital Realty Trust Inc. | 0.27% | 17,355 | $3.0M | Add +2.6% |
| CEG Constellation Energy | 0.27% | 9,336 | $3.0M | Reduce -2.5% |
| ISRG Intuitive Surgical Inc. | 0.27% | 5,479 | $3.0M | Add +1.8% |
| CVX Chevron Corp. | 0.25% | 19,402 | $2.8M | Add +9.9% |
| TXRH Texas Roadhouse Inc. | 0.24% | 14,327 | $2.7M | Add +1.6% |
| GS Goldman Sachs Group Inc. | 0.24% | 3,784 | $2.7M | Reduce -9.1% |
| CRM Salesforce Inc. | 0.24% | 26,326 | $2.6M | Reduce -6.9% |
| FISV Fiserv Inc. | 0.23% | 15,203 | $2.6M | Add +9.6% |
| CCJ Cameco Corp. | 0.21% | 32,251 | $2.4M | Add +0.4% |
| VYM Vanguard High DVD Yield ETF | 0.21% | 17,460 | $2.3M | Add +0.4% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 21,042 | $2.3M | Reduce -21.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 18,561 | $2.3M | Reduce -0.6% |
| APO Apollo Global Management Inc. | 0.20% | 16,112 | $2.3M | Reduce -6.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.20% | 37,442 | $2.3M | Add +1.8% |
| ICF iShares Select U.S. REIT ETF | 0.20% | 36,509 | $2.2M | Add +0.1% |
| AEM Agnico Eagle Mines Ltd. | 0.19% | 18,029 | $2.1M | Add +1.4% |
| RTX RTX Corp. | 0.19% | 14,387 | $2.1M | Add +2.1% |
| CSCO Cisco Systems Inc. | 0.19% | 30,099 | $2.1M | Reduce -5.1% |
| LOW Lowe's Cos Inc. | 0.19% | 9,395 | $2.1M | Reduce -0.3% |
| NOW ServiceNow Inc. | 0.18% | 1,999 | $2.1M | Reduce -4.5% |
| TMUS T-Mobile US Inc. | 0.18% | 8,591 | $2.0M | Reduce -1.2% |
| CMG Chipotle Mexican Grill Inc. | 0.18% | 35,889 | $2.0M | Reduce -3.8% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.18% | 79,165 | $2.0M | Add +89.3% |
| NKE Nike Inc. Class B | 0.18% | 28,042 | $2.0M | Reduce -1.1% |
| QUS SS SPDR MSCI U Stratfact ETF | 0.17% | 11,975 | $2.0M | Add +4.1% |
Options reported separately and not counted above: AAPL puts ($369K), QQQ puts ($276K), ONON calls ($78K).
Other holdings (3): bonds, preferreds, convertibles and warrants · $9K (not counted above)
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| EE Excelerate Energy Inc. Class A | CL A COM | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -0.6% | 6.12% | −1.16 |
| UNH Unitedhealth Group Inc. | Reduce -15.7% | 0.76% | −0.89 |
| GOOG Alphabet Inc. Class C | Reduce -14.5% | 1.07% | −0.16 |
| AMGN Amgen Inc. | Reduce -0.3% | 0.61% | −0.13 |
| JNJ Johnson & Johnson | Reduce -2.3% | 0.55% | −0.12 |
| V Visa Inc. Class A | Reduce -1.3% | 1.24% | −0.11 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 0.70% | −0.11 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 1.36% | −0.11 |
| XOM Exxon Mobil Corp. | Reduce -3.7% | 0.39% | −0.10 |
| SBUX Starbucks Corp. | Reduce -2.1% | 0.43% | −0.08 |
| VNQ Vanguard Real Estate ETF | Reduce -1.1% | 0.61% | −0.07 |
| REGN Regeneron Pharmaceuticals | Reduce -16.4% | 0.13% | −0.07 |
| COP Conocophillips | Reduce -90.4% | 0.01% | −0.07 |
| CRM Salesforce Inc. | Reduce -6.9% | 0.24% | −0.07 |
| PEP Pepsico Inc. | Reduce -19.1% | 0.13% | −0.07 |
| IJR iShares Core S&P Small-Cap E | Reduce -21.0% | 0.20% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 0.30% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -16.7% | 0.12% | −0.06 |
| JMBS Janus Henderson Mortg Backed | Reduce -16.2% | 0.17% | −0.05 |
| BDX Becton Dickinson and Co. | Reduce -73.4% | 0.01% | −0.05 |
| HD Home Depot Inc. | Reduce -2.2% | 0.41% | −0.05 |
| JEPI JPMorgan Equity Premium Inco | Reduce -0.5% | 0.45% | −0.05 |
| LULU Lululemon Athletica Inc. | Reduce -15.1% | 0.09% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.8% | 1.22% | −0.05 |
| TMUS T-Mobile US Inc. | Reduce -1.2% | 0.18% | −0.04 |
| EQIX Equinix Inc. | Reduce -1.3% | 0.32% | −0.04 |
| IWN iShares Russell 2000 Value E | Reduce -0.3% | 0.87% | −0.04 |
| CTRA Coterra Energy Inc. | Reduce -77.8% | 0.01% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -27.5% | 0.09% | −0.04 |
| FVD First Trust Value Line DVD | Reduce -1.7% | 0.36% | −0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Reduce -1.3% | 0.47% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -18.2% | 0.28% | −0.04 |
| SPGI S&P Global Inc. | Reduce -17.1% | 0.14% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -34.2% | 0.04% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -30.2% | 0.07% | −0.03 |
| DVY iShares Select Dividend ETF | Reduce -9.6% | 0.13% | −0.03 |
| XLE SS Energy Select Sector | Reduce -3.3% | 0.12% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.0% | 0.29% | −0.03 |
| ZTS Zoetis Inc. | Reduce -38.2% | 0.03% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -48.6% | 0.03% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -0.9% | 0.29% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 0.19% | −0.03 |
| PSX Phillips 66 | Reduce -36.2% | 0.03% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.7% | 0.05% | −0.03 |
| FDX FedEx Corp. | Reduce -6.0% | 0.10% | −0.03 |
| APO Apollo Global Management Inc. | Reduce -6.2% | 0.20% | −0.03 |
| TEAM Atlassian Corp. Class A | Reduce -84.7% | 0.00% | −0.03 |
| VICR Vicor Corp. | Reduce -0.4% | 0.17% | −0.02 |
| UNP Union Pacific Corp. | Reduce -1.3% | 0.16% | −0.02 |
| KBWB Invesco KBW Bank ETF | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| AVGO Broadcom Inc. | Add +12.1% | 0.68% | +0.28 |
| NVDA Nvidia Corp. | Add +0.1% | 1.05% | +0.26 |
| IWP iShares Russell Mid-Cap Grow | Add +86.2% | 0.42% | +0.21 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.3% | 1.12% | +0.16 |
| DFIS Dimensional International SM | Add +110.1% | 0.29% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +1.9% | 2.70% | +0.16 |
| ORCL Oracle Corp. | Add +14.9% | 0.40% | +0.16 |
| META Meta Platforms Inc. Class A | Add +1.3% | 0.95% | +0.15 |
| IWY iShares Russell Top 200 Grow | Add +18.0% | 0.70% | +0.15 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +2.8% | 0.51% | +0.14 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +22.9% | 0.85% | +0.11 |
| DGRO iShares Core Dividend Growth | Add +43.8% | 0.38% | +0.10 |
| CCJ Cameco Corp. | Add +0.4% | 0.21% | +0.08 |
| HOOD Robinhood Markets Inc. Class A | Add +18.8% | 0.14% | +0.08 |
| TSLA Tesla Inc. | Add +11.1% | 0.42% | +0.08 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +89.3% | 0.18% | +0.08 |
| MGNR Amer Beac GLG NTRL Rsrcs ETF | Add +99.5% | 0.13% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.5% | 0.79% | +0.06 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +75.3% | 0.17% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +5.0% | 1.04% | +0.06 |
| SPOT Spotify Technology SA | Add +36.0% | 0.14% | +0.06 |
| TCBI Texas Capital Bancshares Inc. | New | 0.06% | +0.06 |
| SNOW Snowflake Inc. | Add +145.2% | 0.08% | +0.06 |
| JSI JH Securitized Income ETF | Add +94.6% | 0.12% | +0.05 |
| UBER Uber Technologies Inc. | Add +2.3% | 0.31% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | Add +42.0% | 0.10% | +0.05 |
| ETN Eaton Corp. PLC | Add +16.1% | 0.17% | +0.05 |
| TCAF T Rowe PRC Cap Appreciation | Add +43.8% | 0.15% | +0.04 |
| XLK SS Technology Select Sector | Add +31.2% | 0.14% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +13.4% | 0.17% | +0.04 |
| TOST Toast Inc. Class A | Add +1352.0% | 0.04% | +0.04 |
| AZO AutoZone Inc. | Add +209.8% | 0.06% | +0.04 |
| AMT American Tower Corp. | Add +18.7% | 0.42% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.6% | 0.49% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.50% | +0.04 |
| IBDU iShares Ibonds Dec 2029 Term | Add +1029.6% | 0.04% | +0.03 |
| DLR Digital Realty Trust Inc. | Add +2.6% | 0.27% | +0.03 |
| IYW iShares Ustechnology ETF | Add +34.0% | 0.10% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +19.9% | 0.13% | +0.03 |
| GNRC Generac Holdings Inc. | Add +77.1% | 0.06% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +3.4% | 0.08% | +0.03 |
| VRT Vertiv Holdings Co. Class A | Add +10.9% | 0.06% | +0.03 |
| EVR Evercore Inc. Class A | New | 0.03% | +0.03 |
| BAC Bank of America Corp. | Add +1.9% | 0.44% | +0.02 |
| ET Energy Transfer LP | Add +137.8% | 0.04% | +0.02 |
| CGDV Cap Group Dividend Value | Add +31.7% | 0.09% | +0.02 |
| GLD SPDR Gold Shares | Add +8.0% | 0.51% | +0.02 |
| RDW Redwire Corp. | Add +70.8% | 0.03% | +0.02 |
| CGGR Cap Group Growth Equity | Add +131.3% | 0.03% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +6.0% | 1.12% | +0.02 |
Options Activity Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | put | New | 500 | $276K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,306 | $1.4B | MAR, AAPL, GOOGL, AMZN, MSFT |
| Q1 2026 | 1,223 | $1.3B | MAR, AAPL, GOOGL, AMZN, MSFT |
| Q4 2025 | 1,219 | $1.3B | MAR, AAPL, GOOGL, AMZN, MSFT |
| Q3 2025 | 1,165 | $1.2B | MAR, AAPL, AMZN, MSFT, GOOGL |
| Q2 2025 | 1,168 | $1.1B | MAR, AAPL, AMZN, MSFT, BRK.B |
| Q1 2025 | 1,169 | $1.0B | MAR, AAPL, AMZN, MSFT, BRK.B |
| Q4 2024 | 1,131 | $1.1B | MAR, AAPL, AMZN, MSFT, GOOGL |
| Q3 2024 | 1,140 | $1.0B | MAR, AAPL, AMZN, MSFT, GOOGL |
| Q2 2024 | 1,298 | $957.8M | MAR, AAPL, AMZN, MSFT, GOOGL |
| Q1 2024 | 1,323 | $956.6M | MAR, AAPL, AMZN, MSFT, GOOGL |