Harbour Investment Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Harbour Investment Management LLC reported 95 stock positions worth $231.2 million. Its top holding was Microsoft (MSFT) at 12.9% of the portfolio, followed by Costco Wholesale (COST, 7.8%) and Apple (AAPL, 4.7%). Compared with Q1 2025, it opened 4 new positions, sold out of 5, added to 10 and reduced 51. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +84%) and the biggest sale Apple (AAPL, shares −0%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001275880
Portfolio Value
$231.2M (Q2 2025)
SEC Filing
0001275880-25-000009 ↗ filed Jul 31, 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 Q4 2024 Q1 2025: $221.1M Q1 2025 Q2 2025: $231.2M $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 95 stocks · $231.2M
MSFT Microsoft Corp. 12.89% 59,908 $29.8M Reduce -1.1%
COST Costco Wholesale Corp. 7.80% 18,206 $18.0M Reduce -1.1%
AAPL Apple Inc. 4.67% 52,601 $10.8M Reduce -0.3%
AMZN Amazon.com Inc. 3.68% 38,734 $8.5M Reduce -6.2%
AVGO Broadcom Inc. 3.26% 27,351 $7.5M Reduce -6.9%
JPST JPMorgan Ultra-Short Income 2.54% 116,042 $5.9M Add +84.2%
BRK.B Berkshire Hathaway Inc. Class B 2.48% 11,805 $5.7M Reduce -1.9%
NVO Novo-Nordisk A/S-Spons ADR 2.46% 82,461 $5.7M Reduce -1.2%
SYK Stryker Corp. 2.29% 13,366 $5.3M Reduce -1.7%
IBB iShares Biotechnology ETF 2.21% 40,409 $5.1M Reduce -1.8%
WM Waste Management Inc. 2.11% 21,285 $4.9M Reduce -2.2%
PCAR Paccar Inc. 2.10% 51,160 $4.9M Reduce -4.8%
ADP Automatic Data Processing 2.09% 15,575 $4.8M Reduce -6.5%
SBUX Starbucks Corp. 1.83% 46,264 $4.2M Reduce -0.5%
ABT Abbott Laboratories 1.63% 27,649 $3.8M Reduce -1.2%
BLK BlackRock Inc. 1.54% 3,403 $3.6M Reduce -1.4%
RTX RTX Corp. 1.52% 24,089 $3.5M Reduce -8.4%
GOOG Alphabet Inc. Class C 1.40% 18,273 $3.2M Reduce -1.1%
LHX L3HARRIS Technologies Inc. 1.40% 12,905 $3.2M Reduce -1.8%
CHKP Check Point Software Tech 1.37% 14,333 $3.2M Reduce -4.0%
SNA Snap-on Inc. 1.37% 10,150 $3.2M Reduce -2.5%
NSC Norfolk Southern Corp. 1.36% 12,319 $3.2M Reduce -1.4%
NEE Nextera Energy Inc. 1.25% 41,765 $2.9M Reduce -1.2%
KO The Coca-Cola Co. 1.25% 40,672 $2.9M Reduce -9.1%
XLB SS Materials Select Sector 1.23% 32,448 $2.8M Reduce -1.5%
PG The Procter & Gamble Co. 1.20% 17,483 $2.8M Reduce -1.2%
APD Air Products & Chemicals Inc. 1.17% 9,551 $2.7M Reduce -1.2%
VOO Vanguard S&P 500 ETF 1.16% 4,692 $2.7M No change
CVX Chevron Corp. 1.12% 18,157 $2.6M Reduce -0.2%
PSCT Invesco S&P Smallcap Informa 1.03% 51,604 $2.4M Reduce -3.0%
VFH Vanguard Financials ETF 0.99% 18,053 $2.3M Reduce -2.9%
VUSB Vanguard Ultra Short Bond Et 0.99% 46,028 $2.3M Add +37.1%
V Visa Inc. Class A 0.96% 6,253 $2.2M Reduce -1.7%
KMB Kimberly-Clark Corp. 0.95% 16,861 $2.2M Reduce -1.1%
DHR Danaher Corp. 0.95% 11,083 $2.2M Add +1.2%
SHEL Shell PLC-ADR 0.93% 30,638 $2.2M Reduce -1.4%
SAP Sap SE-Sponsored ADR 0.92% 6,959 $2.1M Reduce -2.0%
CSCO Cisco Systems Inc. 0.86% 28,635 $2.0M Reduce -0.5%
PEP Pepsico Inc. 0.81% 14,155 $1.9M Reduce -0.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.78% 14,513 $1.8M Reduce -6.1%
PSX Phillips 66 0.74% 14,288 $1.7M Reduce -1.6%
UPS United Parcel Service Class B 0.73% 16,608 $1.7M Reduce -1.4%
UNH Unitedhealth Group Inc. 0.71% 5,276 $1.6M Reduce -0.8%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.71% 32,240 $1.6M Add +10.3%
BDX Becton Dickinson and Co. 0.64% 8,585 $1.5M Reduce -0.6%
FNDX Schwab Fndmntl US LRG Co. ETF 0.63% 59,391 $1.5M No change
CL Colgate-Palmolive Co. 0.63% 15,968 $1.5M Reduce -2.1%
COP Conocophillips 0.62% 16,085 $1.4M Add +0.9%
BMY Bristol-Myers Squibb Co. 0.61% 30,338 $1.4M Add +2.4%
NVDA Nvidia Corp. 0.57% 8,295 $1.3M Add +3.0%
AVUV Avantis US Small Cap Value 0.54% 13,625 $1.2M Add +3.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.53% 24,945 $1.2M No change
WEC WEC Energy Group Inc. 0.52% 11,430 $1.2M Reduce -2.1%
KVUE Kenvue Inc. 0.49% 54,539 $1.1M Reduce -1.3%
SGOL Abrdn Physical Gold Shares 0.47% 34,550 $1.1M No change
AXP American Express Co. 0.42% 3,050 $973K No change
EWG iShares MSCI Germany ETF 0.42% 22,823 $966K Reduce -1.0%
SIVR Abrdn Physical Silver Shares 0.39% 26,000 $895K No change
INTC Intel Corp. 0.36% 37,277 $835K Add +1.8%
SCHF Schwab Intl Equity ETF 0.35% 36,516 $807K No change
PFE Pfizer Inc. 0.34% 32,725 $793K Reduce -1.6%
JNJ Johnson & Johnson 0.33% 5,001 $764K Reduce -0.1%
XOM Exxon Mobil Corp. 0.32% 6,776 $730K Add +8.0%
BRK.A Berkshire Hathaway Inc. Class A 0.32% 1 $729K No change
NFLX Netflix Inc. 0.28% 485 $649K No change
GLD SPDR Gold Shares 0.28% 2,107 $642K No change
SCHX Schwab US Large-Cap ETF 0.28% 26,034 $636K No change
XLRE SS Real Estate Select Sector 0.23% 12,960 $537K Reduce -1.1%
MUB iShares National Muni Bond E 0.22% 4,950 $517K No change
GOOGL Alphabet Inc. Class A 0.22% 2,911 $513K No change
TTE Totalenergies SE -Spon ADR 0.22% 8,214 $512K Reduce -3.0%
VT Vanguard Tot World STK ETF 0.21% 3,762 $483K No change
MDY State Street SPDR S&P Midcap 0.20% 833 $474K No change
VB Vanguard Most SM-Cap ETF-Usd 0.20% 1,952 $464K No change
AWK American Water Works Co. Inc. 0.20% 3,260 $453K No change
PXF Invesco Rafi Developed Marke 0.20% 7,887 $453K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.19% 11,004 $448K No change
ADBE Adobe Inc. 0.17% 1,019 $394K No change
JPM JPMorgan Chase & Co. 0.17% 1,345 $390K No change
EPI Wisdomtree India Earnings 0.17% 8,137 $386K Reduce -2.5%
FICO Fair Isaac Corp. 0.17% 210 $384K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.15% 12,400 $355K No change
SCHM Schwab US Mid Cap ETF 0.15% 12,164 $341K No change
AMP Ameriprise Financial Inc. 0.14% 600 $320K No change
ORCL Oracle Corp. 0.14% 1,436 $314K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.13% 7,539 $302K No change
WMT Walmart Inc. 0.13% 3,073 $300K No change
VEA Vanguard Ftse Developed ETF 0.12% 4,829 $275K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 590 $259K Reduce -5.1%
KNF Knife River Corp. 0.11% 2,988 $244K Reduce -1.0%
META Meta Platforms Inc. Class A 0.10% 309 $228K New
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 336 $208K New
HON Honeywell International Inc. 0.09% 875 $204K New
PLX Protalix Biotherapeutics Inc. 0.01% 10,100 $15K No change
SENS Senseonics Holdings Inc. 0.00% 11,500 $5K New

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -0.3% 4.67% −0.64
UNH Unitedhealth Group Inc. Reduce -0.8% 0.71% −0.55
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.9% 2.48% −0.42
PCAR Paccar Inc. Reduce -4.8% 2.10% −0.26
BDX Becton Dickinson and Co. Reduce -0.6% 0.64% −0.26
CVX Chevron Corp. Reduce -0.2% 1.12% −0.25
SBUX Starbucks Corp. Reduce -0.5% 1.83% −0.23
ADP Automatic Data Processing Reduce -6.5% 2.09% −0.22
SNA Snap-on Inc. Reduce -2.5% 1.37% −0.22
KO The Coca-Cola Co. Reduce -9.1% 1.25% −0.21
NVO Novo-Nordisk A/S-Spons ADR Reduce -1.2% 2.46% −0.20
WM Waste Management Inc. Reduce -2.2% 2.11% −0.17
IBB iShares Biotechnology ETF Reduce -1.8% 2.21% −0.17
CHKP Check Point Software Tech Reduce -4.0% 1.37% −0.17
PEP Pepsico Inc. Reduce -0.9% 0.81% −0.16
PG The Procter & Gamble Co. Reduce -1.2% 1.20% −0.16
KMB Kimberly-Clark Corp. Reduce -1.1% 0.95% −0.16
APD Air Products & Chemicals Inc. Reduce -1.2% 1.17% −0.12
UPS United Parcel Service Class B Reduce -1.4% 0.73% −0.11
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.11
KVUE Kenvue Inc. Reduce -1.3% 0.49% −0.11
NEE Nextera Energy Inc. Reduce -1.2% 1.25% −0.10
TSCO Tractor Supply Company Sold out 0.00% −0.10
UNP Union Pacific Corp. Sold out 0.00% −0.10
SHEL Shell PLC-ADR Reduce -1.4% 0.93% −0.10
RSPG Invesco S&P 500 Equal Weight Sold out 0.00% −0.10
COST Costco Wholesale Corp. Reduce -1.1% 7.80% −0.08
PSX Phillips 66 Reduce -1.6% 0.74% −0.07
CL Colgate-Palmolive Co. Reduce -2.1% 0.63% −0.06
WEC WEC Energy Group Inc. Reduce -2.1% 0.52% −0.06
RTX RTX Corp. Reduce -8.4% 1.52% −0.05
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −0.05
ABT Abbott Laboratories Reduce -1.2% 1.63% −0.05
XLB SS Materials Select Sector Reduce -1.5% 1.23% −0.05
V Visa Inc. Class A Reduce -1.7% 0.96% −0.05
JNJ Johnson & Johnson Reduce -0.1% 0.33% −0.05
PFE Pfizer Inc. Reduce -1.6% 0.34% −0.04
TTE Totalenergies SE -Spon ADR Reduce -3.0% 0.22% −0.03
KNF Knife River Corp. Reduce -1.0% 0.11% −0.02
XLRE SS Real Estate Select Sector Reduce -1.1% 0.23% −0.02
VFH Vanguard Financials ETF Reduce -2.9% 0.99% −0.01
SYK Stryker Corp. Reduce -1.7% 2.29% −0.00
EPI Wisdomtree India Earnings Reduce -2.5% 0.17% +0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -5.1% 0.11% +0.01
NSC Norfolk Southern Corp. Reduce -1.4% 1.36% +0.03
EWG iShares MSCI Germany ETF Reduce -1.0% 0.42% +0.03
SAP Sap SE-Sponsored ADR Reduce -2.0% 0.92% +0.05
CSCO Cisco Systems Inc. Reduce -0.5% 0.86% +0.06
BLK BlackRock Inc. Reduce -1.4% 1.54% +0.07
PSCT Invesco S&P Smallcap Informa Reduce -3.0% 1.03% +0.07

Portfolio Buys Q1 2025 → Q2 2025
JPST JPMorgan Ultra-Short Income Add +84.2% 2.54% +1.10
VUSB Vanguard Ultra Short Bond Et Add +37.1% 0.99% +0.24
NVDA Nvidia Corp. Add +3.0% 0.57% +0.17
META Meta Platforms Inc. Class A New 0.10% +0.10
SPY SS SPDR S&P 500 ETF Trust-US New 0.09% +0.09
HON Honeywell International Inc. New 0.09% +0.09
JMST JPM Ultra-Short Muni Income Add +10.3% 0.71% +0.04
AVUV Avantis US Small Cap Value Add +3.9% 0.54% +0.02
SENS Senseonics Holdings Inc. New 0.00% +0.00
INTC Intel Corp. Add +1.8% 0.36% −0.01
XOM Exxon Mobil Corp. Add +8.0% 0.32% −0.02
DHR Danaher Corp. Add +1.2% 0.95% −0.07
COP Conocophillips Add +0.9% 0.62% −0.13
BMY Bristol-Myers Squibb Co. Add +2.4% 0.61% −0.21

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