Harbour Investment Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Harbour Investment Management LLC reported 98 stock positions worth $228.0 million. Its top holding was Microsoft (MSFT) at 11.4% of the portfolio, followed by Costco Wholesale (COST, 7.9%) and Apple (AAPL, 5.8%). Compared with Q3 2024, it opened 8 new positions, sold out of 1, added to 27 and reduced 31. The biggest buy was Broadcom (AVGO, shares +6%) and the biggest sale Novo-Nordisk A/S-Spons ADR (NVO, shares −1%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001275880
Portfolio Value
$228.0M (Q4 2024)
SEC Filing
0001275880-25-000001 ↗ filed Feb 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $213.1M Q1 2024 Q2 2024: $216.5M Q2 2024 Q3 2024: $225.7M Q3 2024 Q4 2024: $228.0M $228.0M Q4 2024 Q1 2025: $221.1M Q1 2025 Q2 2025: $231.2M Q2 2025 Q3 2025: $230.0M Q3 2025 Q4 2025: $188.6M Q4 2025 Q1 2026: $184.2M Q1 2026 Q2 2026: $193.6M Q2 2026

Holdings 98 stocks · $228.0M
MSFT Microsoft Corp. 11.38% 61,539 $25.9M Add +5.3%
COST Costco Wholesale Corp. 7.89% 19,627 $18.0M Reduce -0.0%
AAPL Apple Inc. 5.81% 52,896 $13.2M Add +2.5%
AMZN Amazon.com Inc. 4.00% 41,554 $9.1M Add +2.6%
NVO Novo-Nordisk A/S-Spons ADR 3.17% 83,911 $7.2M Reduce -0.8%
AVGO Broadcom Inc. 3.12% 30,662 $7.1M Add +6.3%
PCAR Paccar Inc. 2.54% 54,202 $5.8M No change
BRK.B Berkshire Hathaway Inc. Class B 2.44% 12,277 $5.6M No change
IBB iShares Biotechnology ETF 2.41% 41,479 $5.5M Reduce -1.5%
ADP Automatic Data Processing 2.20% 17,074 $5.0M Add +0.3%
SYK Stryker Corp. 2.16% 13,630 $4.9M Reduce -3.3%
WM Waste Management Inc. 1.93% 21,837 $4.4M Reduce -1.8%
SBUX Starbucks Corp. 1.90% 47,356 $4.3M Reduce -1.7%
SNA Snap-on Inc. 1.62% 10,912 $3.7M Reduce -0.1%
GOOG Alphabet Inc. Class C 1.56% 18,685 $3.6M Reduce -0.1%
BLK BlackRock Inc. 1.56% 3,461 $3.5M Add +1.0%
ABT Abbott Laboratories 1.41% 28,375 $3.2M Add +2.5%
NEE Nextera Energy Inc. 1.36% 43,319 $3.1M Add +0.7%
RTX RTX Corp. 1.34% 26,404 $3.1M Add +3.4%
PG The Procter & Gamble Co. 1.31% 17,863 $3.0M Add +3.1%
NSC Norfolk Southern Corp. 1.31% 12,699 $3.0M Reduce -5.8%
APD Air Products & Chemicals Inc. 1.26% 9,884 $2.9M Reduce -6.0%
CHKP Check Point Software Tech 1.25% 15,293 $2.9M Reduce -0.3%
XLB SS Materials Select Sector 1.23% 33,453 $2.8M Reduce -0.1%
KO The Coca-Cola Co. 1.23% 45,052 $2.8M Add +0.3%
LHX L3HARRIS Technologies Inc. 1.23% 13,334 $2.8M Reduce -0.7%
UNH Unitedhealth Group Inc. 1.19% 5,381 $2.7M Reduce -29.4%
CVX Chevron Corp. 1.16% 18,239 $2.6M No change
PSCT Invesco S&P Smallcap Informa 1.12% 53,552 $2.6M Reduce -1.4%
VOO Vanguard S&P 500 ETF 1.11% 4,692 $2.5M No change
DHR Danaher Corp. 1.09% 10,817 $2.5M Reduce -1.4%
KMB Kimberly-Clark Corp. 1.00% 17,256 $2.3M Reduce -0.6%
PEP Pepsico Inc. 0.98% 14,510 $2.2M Reduce -13.8%
VFH Vanguard Financials ETF 0.97% 18,783 $2.2M No change
V Visa Inc. Class A 0.93% 6,705 $2.1M Add +5.4%
BDX Becton Dickinson and Co. 0.89% 8,974 $2.0M Reduce -3.2%
SAP Sap SE-Sponsored ADR 0.88% 8,159 $2.0M No change
SHEL Shell PLC-ADR 0.86% 31,298 $2.0M Add +1.9%
UPS United Parcel Service Class B 0.83% 15,010 $1.9M Reduce -1.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.76% 15,533 $1.7M Reduce -28.0%
CSCO Cisco Systems Inc. 0.75% 28,765 $1.7M Reduce -5.0%
BMY Bristol-Myers Squibb Co. 0.74% 29,870 $1.7M Reduce -20.2%
PSX Phillips 66 0.73% 14,671 $1.7M Add +0.5%
JPST JPMorgan Ultra-Short Income 0.71% 31,922 $1.6M Add +247.0%
COP Conocophillips 0.70% 16,205 $1.6M Add +40.0%
CL Colgate-Palmolive Co. 0.66% 16,517 $1.5M No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.62% 59,391 $1.4M No change
AVUV Avantis US Small Cap Value 0.56% 13,269 $1.3M No change
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.56% 24,920 $1.3M Reduce -23.3%
VTEB Vanguard Tax-Exempt Bond ETF 0.55% 24,945 $1.3M No change
KVUE Kenvue Inc. 0.52% 55,807 $1.2M Reduce -19.6%
WEC WEC Energy Group Inc. 0.48% 11,670 $1.1M Reduce -0.6%
NVDA Nvidia Corp. 0.48% 8,125 $1.1M Add +25.4%
EWG iShares MSCI Germany ETF 0.48% 34,177 $1.1M Reduce -2.0%
FNDA Schwab Fndmntl US SM Co. ETF 0.44% 33,570 $997K Add +153.4%
SGOL Abrdn Physical Gold Shares 0.41% 37,000 $927K No change
AXP American Express Co. 0.40% 3,050 $905K Add +20.1%
PFE Pfizer Inc. 0.39% 33,500 $889K Reduce -4.2%
INTC Intel Corp. 0.33% 37,107 $744K Reduce -2.3%
JNJ Johnson & Johnson 0.32% 5,123 $741K Add +12.6%
SIVR Abrdn Physical Silver Shares 0.31% 26,000 $717K No change
XOM Exxon Mobil Corp. 0.30% 6,276 $675K Add +32.0%
SCHF Schwab Intl Equity ETF 0.29% 35,553 $658K No change
RWL Invesco S&P 500 Revenue ETF 0.29% 6,693 $655K New
SCHX Schwab US Large-Cap ETF 0.26% 26,034 $603K No change
SCHD Schwab US DVD Equity ETF 0.25% 20,955 $572K New
TDIV FT Nasdaq Tech DVD Index FD 0.25% 7,189 $564K New
GOOGL Alphabet Inc. Class A 0.25% 2,961 $561K Add +46.2%
XLRE SS Real Estate Select Sector 0.24% 13,405 $545K No change
ADBE Adobe Inc. 0.23% 1,198 $533K Add +17.6%
MUB iShares National Muni Bond E 0.23% 4,950 $527K No change
GLD SPDR Gold Shares 0.22% 2,107 $510K New
MDY State Street SPDR S&P Midcap 0.21% 833 $476K No change
TTE Totalenergies SE -Spon ADR 0.21% 8,564 $474K Reduce -0.7%
VB Vanguard Most SM-Cap ETF-Usd 0.21% 1,952 $469K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.20% 11,004 $458K No change
VT Vanguard Tot World STK ETF 0.19% 3,702 $435K Reduce -5.0%
NFLX Netflix Inc. 0.19% 485 $432K Add +26.0%
FICO Fair Isaac Corp. 0.18% 210 $418K No change
AWK American Water Works Co. Inc. 0.18% 3,260 $406K No change
AMP Ameriprise Financial Inc. 0.18% 752 $400K Add +25.3%
PXF Invesco Rafi Developed Marke 0.17% 7,887 $378K No change
SCHM Schwab US Mid Cap ETF 0.15% 12,164 $337K No change
SCHC Schwab Intl Small-Cap Equity 0.15% 9,701 $333K No change
EPI Wisdomtree India Earnings 0.15% 7,337 $332K No change
UNP Union Pacific Corp. 0.14% 1,433 $327K Add +38.6%
JPM JPMorgan Chase & Co. 0.14% 1,345 $322K New
KNF Knife River Corp. 0.14% 3,037 $309K No change
WMT Walmart Inc. 0.12% 3,073 $278K New
TMO Thermo Fisher Scientific Inc. 0.11% 492 $256K Add +49.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 622 $255K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.11% 7,539 $250K No change
ORCL Oracle Corp. 0.10% 1,436 $239K New
VEA Vanguard Ftse Developed ETF 0.10% 4,829 $231K No change
TSCO Tractor Supply Company 0.09% 3,950 $210K No change
HD Home Depot Inc. 0.09% 528 $205K New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.06% 12,458 $129K No change
PLX Protalix Biotherapeutics Inc. 0.01% 10,100 $19K No change

Portfolio Sells Q3 2024 → Q4 2024
NVO Novo-Nordisk A/S-Spons ADR Reduce -0.8% 3.17% −1.29
UNH Unitedhealth Group Inc. Reduce -29.4% 1.19% −0.78
IBB iShares Biotechnology ETF Reduce -1.5% 2.41% −0.31
PEP Pepsico Inc. Reduce -13.8% 0.98% −0.29
DHR Danaher Corp. Reduce -1.4% 1.09% −0.26
XLB SS Materials Select Sector Reduce -0.1% 1.23% −0.19
KVUE Kenvue Inc. Reduce -19.6% 0.52% −0.19
LHX L3HARRIS Technologies Inc. Reduce -0.7% 1.23% −0.19
SBUX Starbucks Corp. Reduce -1.7% 1.90% −0.18
NSC Norfolk Southern Corp. Reduce -5.8% 1.31% −0.18
JMST JPM Ultra-Short Muni Income Reduce -23.3% 0.56% −0.18
DIS The Walt Disney Co. Reduce -28.0% 0.76% −0.16
APD Air Products & Chemicals Inc. Reduce -6.0% 1.26% −0.13
BMY Bristol-Myers Squibb Co. Reduce -20.2% 0.74% −0.12
WM Waste Management Inc. Reduce -1.8% 1.93% −0.11
CARR Carrier Global Corp. Sold out 0.00% −0.11
SYK Stryker Corp. Reduce -3.3% 2.16% −0.10
KMB Kimberly-Clark Corp. Reduce -0.6% 1.00% −0.10
BDX Becton Dickinson and Co. Reduce -3.2% 0.89% −0.10
UPS United Parcel Service Class B Reduce -1.0% 0.83% −0.09
INTC Intel Corp. Reduce -2.3% 0.33% −0.07
PFE Pfizer Inc. Reduce -4.2% 0.39% −0.06
CHKP Check Point Software Tech Reduce -0.3% 1.25% −0.06
EWG iShares MSCI Germany ETF Reduce -2.0% 0.48% −0.05
TTE Totalenergies SE -Spon ADR Reduce -0.7% 0.21% −0.04
PSCT Invesco S&P Smallcap Informa Reduce -1.4% 1.12% −0.03
WEC WEC Energy Group Inc. Reduce -0.6% 0.48% −0.02
VT Vanguard Tot World STK ETF Reduce -5.0% 0.19% −0.02
CSCO Cisco Systems Inc. Reduce -5.0% 0.75% +0.03
GOOG Alphabet Inc. Class C Reduce -0.1% 1.56% +0.18
COST Costco Wholesale Corp. Reduce -0.0% 7.89% +0.18
SNA Snap-on Inc. Reduce -0.1% 1.62% +0.22

Portfolio Buys Q3 2024 → Q4 2024
AVGO Broadcom Inc. Add +6.3% 3.12% +0.91
AMZN Amazon.com Inc. Add +2.6% 4.00% +0.65
JPST JPMorgan Ultra-Short Income Add +247.0% 0.71% +0.50
AAPL Apple Inc. Add +2.5% 5.81% +0.48
RWL Invesco S&P 500 Revenue ETF New 0.29% +0.29
FNDA Schwab Fndmntl US SM Co. ETF Add +153.4% 0.44% +0.26
SCHD Schwab US DVD Equity ETF New 0.25% +0.25
TDIV FT Nasdaq Tech DVD Index FD New 0.25% +0.25
MSFT Microsoft Corp. Add +5.3% 11.38% +0.23
GLD SPDR Gold Shares New 0.22% +0.22
COP Conocophillips Add +40.0% 0.70% +0.17
V Visa Inc. Class A Add +5.4% 0.93% +0.15
JPM JPMorgan Chase & Co. New 0.14% +0.14
NVDA Nvidia Corp. Add +25.4% 0.48% +0.13
WMT Walmart Inc. New 0.12% +0.12
BLK BlackRock Inc. Add +1.0% 1.56% +0.11
ADP Automatic Data Processing Add +0.3% 2.20% +0.11
ORCL Oracle Corp. New 0.10% +0.10
GOOGL Alphabet Inc. Class A Add +46.2% 0.25% +0.10
AXP American Express Co. Add +20.1% 0.40% +0.09
HD Home Depot Inc. New 0.09% +0.09
NFLX Netflix Inc. Add +26.0% 0.19% +0.07
AMP Ameriprise Financial Inc. Add +25.3% 0.18% +0.05
XOM Exxon Mobil Corp. Add +32.0% 0.30% +0.05
UNP Union Pacific Corp. Add +38.6% 0.14% +0.03
TMO Thermo Fisher Scientific Inc. Add +49.5% 0.11% +0.02
ABT Abbott Laboratories Add +2.5% 1.41% +0.01
ADBE Adobe Inc. Add +17.6% 0.23% −0.00
JNJ Johnson & Johnson Add +12.6% 0.32% −0.00
PG The Procter & Gamble Co. Add +3.1% 1.31% −0.02
RTX RTX Corp. Add +3.4% 1.34% −0.03
SHEL Shell PLC-ADR Add +1.9% 0.86% −0.04
PSX Phillips 66 Add +0.5% 0.73% −0.12
KO The Coca-Cola Co. Add +0.3% 1.23% −0.21
NEE Nextera Energy Inc. Add +0.7% 1.36% −0.25

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$193.6MMSFT, VUSB, JPST, COST, VBIL
Q1 2026 101$184.2MMSFT, VUSB, COST, VBIL, JPST
Q4 2025 99$188.6MMSFT, COST, AAPL, JPST, VUSB
Q3 2025 106$230.0MMSFT, COST, AAPL, JPST, AVGO
Q2 2025 95$231.2MMSFT, COST, AAPL, AMZN, AVGO
Q1 2025 96$221.1MMSFT, COST, AAPL, AMZN, BRK.B
Q4 2024 98$228.0MMSFT, COST, AAPL, AMZN, NVO
Q3 2024 91$225.7MMSFT, COST, AAPL, NVO, AMZN
Q2 2024 87$216.5MMSFT, COST, NVO, AAPL, AMZN
Q1 2024 88$213.1MMSFT, COST, NVO, AAPL, AMZN