Harbour Investment Management LLC

Name: HARBOUR INVESTMENT MANAGEMENT LLC 13F holdings, Q1 2025
Creator: HARBOUR INVESTMENT MANAGEMENT LLC
Published: 2025-04-30

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Harbour Investment Management LLC reported 96 stock positions worth $221.1 million. Its top holding was Microsoft (MSFT) at 10.3% of the portfolio, followed by Costco Wholesale (COST, 7.9%) and Apple (AAPL, 5.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 7 and reduced 58. The biggest buy was a new position in Vanguard Ultra Short Bond Et (VUSB) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F: Q2 2026
Location: EDMONDS, WA
CIK: 0001275880
Portfolio Value: $221.1M (Q1 2025)
SEC Filing: 0001275880-25-000005 ↗ filed Apr 30, 2025

Holdings Value

Holdings 96 stocks · $221.1M


MSFT Microsoft Corp.	10.28%	60,546	$22.7M	Reduce -1.6%
COST Costco Wholesale Corp.	7.87%	18,407	$17.4M	Reduce -6.2%
AAPL Apple Inc.	5.30%	52,786	$11.7M	Reduce -0.2%
AMZN Amazon.com Inc.	3.55%	41,284	$7.9M	Reduce -0.7%
BRK.B Berkshire Hathaway Inc. Class B	2.90%	12,037	$6.4M	Reduce -1.9%
NVO Novo-Nordisk A/S-Spons ADR	2.66%	83,461	$5.9M	Reduce -0.5%
IBB iShares Biotechnology ETF	2.38%	41,149	$5.3M	Reduce -0.8%
PCAR Paccar Inc.	2.37%	53,734	$5.2M	Reduce -0.9%
ADP Automatic Data Processing	2.31%	16,649	$5.1M	Reduce -2.5%
SYK Stryker Corp.	2.30%	13,600	$5.1M	Reduce -0.2%
WM Waste Management Inc.	2.28%	21,762	$5.0M	Reduce -0.3%
AVGO Broadcom Inc.	2.22%	29,367	$4.9M	Reduce -4.2%
SBUX Starbucks Corp.	2.06%	46,506	$4.6M	Reduce -1.8%
ABT Abbott Laboratories	1.68%	27,985	$3.7M	Reduce -1.4%
SNA Snap-on Inc.	1.59%	10,405	$3.5M	Reduce -4.7%
RTX RTX Corp.	1.58%	26,304	$3.5M	Reduce -0.4%
CHKP Check Point Software Tech	1.54%	14,928	$3.4M	Reduce -2.4%
BLK BlackRock Inc.	1.48%	3,451	$3.3M	Reduce -0.3%
KO The Coca-Cola Co.	1.46%	44,752	$3.2M	Reduce -0.7%
JPST JPMorgan Ultra-Short Income	1.44%	63,008	$3.2M	Add +97.4%
CVX Chevron Corp.	1.38%	18,189	$3.0M	Reduce -0.3%
PG The Procter & Gamble Co.	1.36%	17,693	$3.0M	Reduce -0.9%
NEE Nextera Energy Inc.	1.36%	42,289	$3.0M	Reduce -2.4%
NSC Norfolk Southern Corp.	1.34%	12,494	$3.0M	Reduce -1.6%
GOOG Alphabet Inc. Class C	1.31%	18,475	$2.9M	Reduce -1.1%
APD Air Products & Chemicals Inc.	1.29%	9,664	$2.9M	Reduce -2.2%
XLB SS Materials Select Sector	1.28%	32,953	$2.8M	Reduce -1.5%
UNH Unitedhealth Group Inc.	1.26%	5,316	$2.8M	Reduce -1.2%
LHX L3HARRIS Technologies Inc.	1.24%	13,143	$2.8M	Reduce -1.4%
KMB Kimberly-Clark Corp.	1.11%	17,056	$2.4M	Reduce -1.2%
VOO Vanguard S&P 500 ETF	1.09%	4,692	$2.4M	No change
SHEL Shell PLC-ADR	1.03%	31,058	$2.3M	Reduce -0.8%
DHR Danaher Corp.	1.02%	10,952	$2.2M	Add +1.3%
V Visa Inc. Class A	1.01%	6,363	$2.2M	Reduce -5.1%
VFH Vanguard Financials ETF	1.00%	18,588	$2.2M	Reduce -1.0%
PEP Pepsico Inc.	0.97%	14,285	$2.1M	Reduce -1.6%
PSCT Invesco S&P Smallcap Informa	0.96%	53,227	$2.1M	Reduce -0.6%
BDX Becton Dickinson and Co.	0.89%	8,634	$2.0M	Reduce -3.8%
SAP Sap SE-Sponsored ADR	0.86%	7,099	$1.9M	Reduce -13.0%
UPS United Parcel Service Class B	0.84%	16,839	$1.9M	Add +12.2%
BMY Bristol-Myers Squibb Co.	0.82%	29,620	$1.8M	Reduce -0.8%
PSX Phillips 66	0.81%	14,521	$1.8M	Reduce -1.0%
CSCO Cisco Systems Inc.	0.80%	28,765	$1.8M	No change
VUSB Vanguard Ultra Short Bond Et	0.76%	33,579	$1.7M	New
COP Conocophillips	0.76%	15,935	$1.7M	Reduce -1.7%
CL Colgate-Palmolive Co.	0.69%	16,317	$1.5M	Reduce -1.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.69%	15,458	$1.5M	Reduce -0.5%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F	0.67%	29,240	$1.5M	Add +17.3%
FNDX Schwab Fndmntl US LRG Co. ETF	0.63%	59,391	$1.4M	No change
KVUE Kenvue Inc.	0.60%	55,230	$1.3M	Reduce -1.0%
WEC WEC Energy Group Inc.	0.58%	11,670	$1.3M	No change
VTEB Vanguard Tax-Exempt Bond ETF	0.56%	24,945	$1.2M	No change
AVUV Avantis US Small Cap Value	0.52%	13,109	$1.1M	Reduce -1.2%
SGOL Abrdn Physical Gold Shares	0.47%	34,550	$1.0M	Reduce -6.6%
NVDA Nvidia Corp.	0.39%	8,055	$873K	Reduce -0.9%
EWG iShares MSCI Germany ETF	0.39%	23,057	$855K	Reduce -32.5%
SIVR Abrdn Physical Silver Shares	0.38%	26,000	$845K	No change
PFE Pfizer Inc.	0.38%	33,250	$843K	Reduce -0.8%
INTC Intel Corp.	0.38%	36,607	$831K	Reduce -1.4%
JNJ Johnson & Johnson	0.38%	5,007	$830K	Reduce -2.3%
AXP American Express Co.	0.37%	3,050	$821K	No change
BRK.A Berkshire Hathaway Inc. Class A	0.36%	1	$798K	New
XOM Exxon Mobil Corp.	0.34%	6,276	$746K	No change
SCHF Schwab Intl Equity ETF	0.33%	36,516	$722K	Add +2.7%
GLD SPDR Gold Shares	0.27%	2,107	$607K	No change
SCHX Schwab US Large-Cap ETF	0.26%	26,034	$575K	No change
TTE Totalenergies SE -Spon ADR	0.25%	8,464	$555K	Reduce -1.2%
XLRE SS Real Estate Select Sector	0.25%	13,105	$548K	Reduce -2.2%
MUB iShares National Muni Bond E	0.24%	4,950	$522K	No change
AWK American Water Works Co. Inc.	0.22%	3,260	$481K	No change
NFLX Netflix Inc.	0.20%	485	$452K	No change
GOOGL Alphabet Inc. Class A	0.20%	2,911	$450K	Reduce -1.7%
MDY State Street SPDR S&P Midcap	0.20%	833	$446K	No change
VT Vanguard Tot World STK ETF	0.20%	3,762	$436K	Add +1.6%
VB Vanguard Most SM-Cap ETF-Usd	0.20%	1,952	$433K	No change
PRFZ Inv Rafi US 1500 SM-Usd Inc.	0.19%	11,004	$417K	No change
PXF Invesco Rafi Developed Marke	0.19%	7,887	$410K	No change
ADBE Adobe Inc.	0.18%	1,019	$391K	Reduce -14.9%
FICO Fair Isaac Corp.	0.18%	210	$387K	No change
EPI Wisdomtree India Earnings	0.17%	8,347	$365K	Add +13.8%
FNDA Schwab Fndmntl US SM Co. ETF	0.15%	12,400	$340K	Reduce -63.1%
JPM JPMorgan Chase & Co.	0.15%	1,345	$330K	No change
SCHM Schwab US Mid Cap ETF	0.14%	12,164	$319K	No change
AMP Ameriprise Financial Inc.	0.13%	600	$290K	Reduce -20.2%
FNDF Schwab Fndmn Intl LRG Co. ETF	0.12%	7,539	$272K	No change
KNF Knife River Corp.	0.12%	3,019	$272K	Reduce -0.6%
WMT Walmart Inc.	0.12%	3,073	$270K	No change
VEA Vanguard Ftse Developed ETF	0.11%	4,829	$245K	No change
TMO Thermo Fisher Scientific Inc.	0.11%	492	$245K	No change
VUG Vanguard Mrngstar GR ETF-Sui	0.10%	622	$231K	No change
TSCO Tractor Supply Company	0.10%	3,950	$218K	No change
UNP Union Pacific Corp.	0.10%	908	$215K	Reduce -36.6%
RSPG Invesco S&P 500 Equal Weight	0.10%	2,571	$210K	New
ORCL Oracle Corp.	0.09%	1,436	$201K	No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD	0.05%	11,603	$119K	Reduce -6.9%
PLX Protalix Biotherapeutics Inc.	0.01%	10,100	$26K	No change

Portfolio Sells Q4 2024 → Q1 2025


MSFT Microsoft Corp.	Reduce -1.6%	10.28%	−1.10
AVGO Broadcom Inc.	Reduce -4.2%	2.22%	−0.89
AAPL Apple Inc.	Reduce -0.2%	5.30%	−0.51
NVO Novo-Nordisk A/S-Spons ADR	Reduce -0.5%	2.66%	−0.50
AMZN Amazon.com Inc.	Reduce -0.7%	3.55%	−0.45
RWL Invesco S&P 500 Revenue ETF	Sold out	0.00%	−0.29
FNDA Schwab Fndmntl US SM Co. ETF	Reduce -63.1%	0.15%	−0.28
GOOG Alphabet Inc. Class C	Reduce -1.1%	1.31%	−0.26
SCHD Schwab US DVD Equity ETF	Sold out	0.00%	−0.25
TDIV FT Nasdaq Tech DVD Index FD	Sold out	0.00%	−0.25
PCAR Paccar Inc.	Reduce -0.9%	2.37%	−0.18
PSCT Invesco S&P Smallcap Informa	Reduce -0.6%	0.96%	−0.16
SCHC Schwab Intl Small-Cap Equity	Sold out	0.00%	−0.15
EWG iShares MSCI Germany ETF	Reduce -32.5%	0.39%	−0.09
HD Home Depot Inc.	Sold out	0.00%	−0.09
NVDA Nvidia Corp.	Reduce -0.9%	0.39%	−0.08
BLK BlackRock Inc.	Reduce -0.3%	1.48%	−0.08
DIS The Walt Disney Co.	Reduce -0.5%	0.69%	−0.07
ADBE Adobe Inc.	Reduce -14.9%	0.18%	−0.06
UNP Union Pacific Corp.	Reduce -36.6%	0.10%	−0.05
AVUV Avantis US Small Cap Value	Reduce -1.2%	0.52%	−0.04
AMP Ameriprise Financial Inc.	Reduce -20.2%	0.13%	−0.04
GOOGL Alphabet Inc. Class A	Reduce -1.7%	0.20%	−0.04
SNA Snap-on Inc.	Reduce -4.7%	1.59%	−0.04
IBB iShares Biotechnology ETF	Reduce -0.8%	2.38%	−0.02
SAP Sap SE-Sponsored ADR	Reduce -13.0%	0.86%	−0.02
COST Costco Wholesale Corp.	Reduce -6.2%	7.87%	−0.01
KNF Knife River Corp.	Reduce -0.6%	0.12%	−0.01
PEP Pepsico Inc.	Reduce -1.6%	0.97%	−0.01
PFE Pfizer Inc.	Reduce -0.8%	0.38%	−0.01
NEE Nextera Energy Inc.	Reduce -2.4%	1.36%	−0.01
NU Nu Holdings Ltd./Cayman Isl-A	Reduce -6.9%	0.05%	−0.00
BDX Becton Dickinson and Co.	Reduce -3.8%	0.89%	+0.00
XLRE SS Real Estate Select Sector	Reduce -2.2%	0.25%	+0.01
LHX L3HARRIS Technologies Inc.	Reduce -1.4%	1.24%	+0.01
NSC Norfolk Southern Corp.	Reduce -1.6%	1.34%	+0.03
VFH Vanguard Financials ETF	Reduce -1.0%	1.00%	+0.03
APD Air Products & Chemicals Inc.	Reduce -2.2%	1.29%	+0.03
CL Colgate-Palmolive Co.	Reduce -1.2%	0.69%	+0.03
TTE Totalenergies SE -Spon ADR	Reduce -1.2%	0.25%	+0.04
XLB SS Materials Select Sector	Reduce -1.5%	1.28%	+0.05
INTC Intel Corp.	Reduce -1.4%	0.38%	+0.05
PG The Procter & Gamble Co.	Reduce -0.9%	1.36%	+0.05
JNJ Johnson & Johnson	Reduce -2.3%	0.38%	+0.05
COP Conocophillips	Reduce -1.7%	0.76%	+0.05
SGOL Abrdn Physical Gold Shares	Reduce -6.6%	0.47%	+0.06
UNH Unitedhealth Group Inc.	Reduce -1.2%	1.26%	+0.07
BMY Bristol-Myers Squibb Co.	Reduce -0.8%	0.82%	+0.08
KVUE Kenvue Inc.	Reduce -1.0%	0.60%	+0.08
PSX Phillips 66	Reduce -1.0%	0.81%	+0.08

Portfolio Buys Q4 2024 → Q1 2025


VUSB Vanguard Ultra Short Bond Et	New	0.76%	+0.76
JPST JPMorgan Ultra-Short Income	Add +97.4%	1.44%	+0.73
BRK.A Berkshire Hathaway Inc. Class A	New	0.36%	+0.36
JMST JPM Ultra-Short Muni Income	Add +17.3%	0.67%	+0.12
RSPG Invesco S&P 500 Equal Weight	New	0.10%	+0.10
SCHF Schwab Intl Equity ETF	Add +2.7%	0.33%	+0.04
EPI Wisdomtree India Earnings	Add +13.8%	0.17%	+0.02
UPS United Parcel Service Class B	Add +12.2%	0.84%	+0.01
VT Vanguard Tot World STK ETF	Add +1.6%	0.20%	+0.01
DHR Danaher Corp.	Add +1.3%	1.02%	−0.07

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	108	$193.6M	MSFT, VUSB, JPST, COST, VBIL
Q1 2026	101	$184.2M	MSFT, VUSB, COST, VBIL, JPST
Q4 2025	99	$188.6M	MSFT, COST, AAPL, JPST, VUSB
Q3 2025	106	$230.0M	MSFT, COST, AAPL, JPST, AVGO
Q2 2025	95	$231.2M	MSFT, COST, AAPL, AMZN, AVGO
Q1 2025	96	$221.1M	MSFT, COST, AAPL, AMZN, BRK.B
Q4 2024	98	$228.0M	MSFT, COST, AAPL, AMZN, NVO
Q3 2024	91	$225.7M	MSFT, COST, AAPL, NVO, AMZN
Q2 2024	87	$216.5M	MSFT, COST, NVO, AAPL, AMZN
Q1 2024	88	$213.1M	MSFT, COST, NVO, AAPL, AMZN