Harbour Investment Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Harbour Investment Management LLC reported 99 stock positions worth $188.6 million. Its top holding was Microsoft (MSFT) at 10.7% of the portfolio, followed by Costco Wholesale (COST, 5.6%) and Apple (AAPL, 4.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 10, added to 11 and reduced 62. The biggest buy was Vanguard Ultra Short Bond Et (VUSB, shares +40%) and the biggest sale Microsoft (MSFT, shares −26%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001275880
Portfolio Value
$188.6M (Q4 2025)
SEC Filing
0001275880-26-000002 ↗ filed Feb 12, 2026

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 Q2 2025 Q3 2025: $230.0M Q3 2025 Q4 2025: $188.6M $188.6M Q4 2025 Q1 2026: $184.2M Q1 2026 Q2 2026: $193.6M Q2 2026

Holdings 99 stocks · $188.6M
MSFT Microsoft Corp. 10.67% 41,609 $20.1M Reduce -26.1%
COST Costco Wholesale Corp. 5.56% 12,165 $10.5M Reduce -27.7%
AAPL Apple Inc. 4.72% 32,740 $8.9M Reduce -27.6%
JPST JPMorgan Ultra-Short Income 4.37% 162,402 $8.2M Reduce -3.8%
VUSB Vanguard Ultra Short Bond Et 3.74% 141,615 $7.1M Add +40.5%
AVGO Broadcom Inc. 3.51% 19,120 $6.6M Reduce -20.4%
AMZN Amazon.com Inc. 3.37% 27,561 $6.4M Reduce -22.0%
IBB iShares Biotechnology ETF 2.58% 28,787 $4.9M Reduce -21.8%
BRK.B Berkshire Hathaway Inc. Class B 2.43% 9,135 $4.6M Reduce -16.5%
GOOG Alphabet Inc. Class C 2.28% 13,676 $4.3M Reduce -21.1%
PCAR Paccar Inc. 1.82% 30,889 $3.4M Reduce -29.8%
SYK Stryker Corp. 1.74% 9,338 $3.3M Reduce -25.0%
WM Waste Management Inc. 1.65% 14,120 $3.1M Reduce -27.1%
VBIL Vanguard 0-3M T-Bill ETF 1.58% 39,581 $3.0M Add +414.7%
RTX RTX Corp. 1.58% 16,260 $3.0M Reduce -25.0%
VOO Vanguard S&P 500 ETF 1.56% 4,694 $2.9M Add +0.0%
NVO Novo-Nordisk A/S-Spons ADR 1.52% 56,480 $2.9M Reduce -24.3%
SBUX Starbucks Corp. 1.50% 33,604 $2.8M Reduce -19.1%
ADP Automatic Data Processing 1.44% 10,470 $2.7M Reduce -22.1%
LHX L3HARRIS Technologies Inc. 1.34% 8,588 $2.5M Reduce -26.0%
NSC Norfolk Southern Corp. 1.29% 8,436 $2.4M Reduce -26.0%
BLK BlackRock Inc. 1.29% 2,267 $2.4M Reduce -24.2%
XLB SS Materials Select Sector 1.29% 53,446 $2.4M Reduce -13.3%
ABT Abbott Laboratories 1.28% 19,272 $2.4M Reduce -21.6%
SNA Snap-on Inc. 1.24% 6,804 $2.3M Reduce -25.9%
NEE Nextera Energy Inc. 1.23% 28,930 $2.3M Reduce -24.6%
KO The Coca-Cola Co. 1.07% 28,957 $2.0M Reduce -21.1%
PSCT Invesco S&P Smallcap Informa 1.05% 34,984 $2.0M Reduce -24.8%
CVX Chevron Corp. 1.05% 12,993 $2.0M Reduce -20.9%
VFH Vanguard Financials ETF 0.98% 13,853 $1.8M Reduce -17.1%
PG The Procter & Gamble Co. 0.96% 12,619 $1.8M Reduce -22.1%
CHKP Check Point Software Tech 0.95% 9,660 $1.8M Reduce -24.4%
SIVR Abrdn Physical Silver Shares 0.93% 26,000 $1.8M No change
DHR Danaher Corp. 0.89% 7,353 $1.7M Reduce -29.9%
V Visa Inc. Class A 0.89% 4,803 $1.7M Reduce -14.1%
FNDX Schwab Fndmntl US LRG Co. ETF 0.86% 59,391 $1.6M No change
APD Air Products & Chemicals Inc. 0.86% 6,531 $1.6M Reduce -23.1%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.85% 31,295 $1.6M Add +5.0%
PEP Pepsico Inc. 0.80% 10,415 $1.5M Reduce -21.4%
SHEL Shell PLC-ADR 0.77% 19,853 $1.5M Reduce -25.5%
SGOL Abrdn Physical Gold Shares 0.75% 34,550 $1.4M No change
BMY Bristol-Myers Squibb Co. 0.71% 24,993 $1.3M Reduce -6.9%
CSCO Cisco Systems Inc. 0.70% 17,250 $1.3M Reduce -33.2%
VTEB Vanguard Tax-Exempt Bond ETF 0.67% 24,945 $1.3M No change
PSX Phillips 66 0.65% 9,488 $1.2M Reduce -28.2%
NVDA Nvidia Corp. 0.65% 6,530 $1.2M Reduce -16.6%
UPS United Parcel Service Class B 0.63% 11,982 $1.2M Reduce -22.8%
COP Conocophillips 0.63% 12,625 $1.2M Reduce -18.2%
KMB Kimberly-Clark Corp. 0.62% 11,355 $1.2M Reduce -26.2%
UNH Unitedhealth Group Inc. 0.58% 3,337 $1.1M Reduce -33.7%
INTC Intel Corp. 0.58% 29,572 $1.1M Reduce -12.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.57% 9,381 $1.1M Reduce -28.0%
SAP Sap SE-Sponsored ADR 0.55% 4,257 $1.0M Reduce -31.0%
AVUV Avantis US Small Cap Value 0.53% 9,761 $995K Add +0.4%
BDX Becton Dickinson and Co. 0.52% 5,012 $973K Reduce -34.8%
CL Colgate-Palmolive Co. 0.51% 12,212 $965K Reduce -16.0%
JSCP JPMorgan Short Duration Core 0.48% 18,785 $897K New
SCHF Schwab Intl Equity ETF 0.47% 36,731 $883K Add +0.6%
GLD SPDR Gold Shares 0.40% 1,907 $756K Reduce -9.5%
BRK.A Berkshire Hathaway Inc. Class A 0.40% 1 $755K No change
WEC WEC Energy Group Inc. 0.39% 6,930 $731K Reduce -29.6%
XOM Exxon Mobil Corp. 0.38% 5,976 $719K Reduce -7.7%
EWG iShares MSCI Germany ETF 0.38% 16,873 $717K Reduce -16.8%
SCHX Schwab US Large-Cap ETF 0.37% 26,034 $701K No change
GOOGL Alphabet Inc. Class A 0.37% 2,211 $692K Reduce -23.0%
PFE Pfizer Inc. 0.34% 25,985 $647K Reduce -15.7%
IVV iShares Core S&P 500 ETF 0.34% 941 $645K Reduce -3.3%
JNJ Johnson & Johnson 0.34% 3,063 $634K Reduce -29.6%
MUB iShares National Muni Bond E 0.30% 5,370 $575K Reduce -14.7%
KVUE Kenvue Inc. 0.30% 32,714 $564K Reduce -37.2%
VEA Vanguard Ftse Developed ETF 0.28% 8,544 $534K No change
PXF Invesco Rafi Developed Marke 0.27% 7,887 $517K No change
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.27% 11,004 $505K No change
MDY State Street SPDR S&P Midcap 0.27% 833 $505K No change
VB Vanguard Most SM-Cap ETF-Usd 0.27% 1,952 $504K No change
VT Vanguard Tot World STK ETF 0.25% 3,361 $474K No change
NFLX Netflix Inc. 0.25% 4,950 $464K Add +2.1%
JFLX JPMorgan Flexible Debt ETF 0.24% 9,096 $457K Add +0.8%
TTE Totalenergies SE 0.24% 6,934 $454K New
EPI Wisdomtree India Earnings 0.23% 9,454 $438K Add +20.8%
JPM JPMorgan Chase & Co. 0.23% 1,345 $433K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.21% 12,400 $391K No change
SCHM Schwab US Mid Cap ETF 0.19% 12,164 $366K No change
XLRE SS Real Estate Select Sector 0.19% 8,995 $363K Reduce -10.4%
ADBE Adobe Inc. 0.19% 1,019 $357K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.18% 7,539 $341K No change
WMT Walmart Inc. 0.18% 2,960 $330K Reduce -3.7%
FICO Fair Isaac Corp. 0.16% 180 $304K Reduce -10.0%
VUG Vanguard Mrngstar GR ETF-Sui 0.15% 590 $288K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 416 $284K Add +23.8%
TMO Thermo Fisher Scientific Inc. 0.15% 472 $274K No change
AWK American Water Works Co. Inc. 0.14% 1,960 $256K Reduce -29.0%
QQQ Invesco QQQ Trust Series 1 0.13% 394 $242K Add +14.5%
GS Goldman Sachs Group Inc. 0.13% 275 $242K No change
LLY Eli Lilly & Co. 0.12% 214 $230K New
SCHA Schwab US Small-Cap ETF 0.11% 7,547 $215K No change
RSPG Invesco S&P 500 Equal Weight 0.11% 2,571 $205K No change
AXP American Express Co. 0.11% 550 $203K Reduce -82.0%
PLX Protalix Biotherapeutics Inc. 0.01% 10,100 $18K No change

Portfolio Sells Q3 2025 → Q4 2025
MSFT Microsoft Corp. Reduce -26.1% 10.67% −2.01
COST Costco Wholesale Corp. Reduce -27.7% 5.56% −1.20
AXP American Express Co. Reduce -82.0% 0.11% −0.33
ADP Automatic Data Processing Reduce -22.1% 1.44% −0.29
AAPL Apple Inc. Reduce -27.6% 4.72% −0.29
NVO Novo-Nordisk A/S-Spons ADR Reduce -24.3% 1.52% −0.28
SYK Stryker Corp. Reduce -25.0% 1.74% −0.26
BLK BlackRock Inc. Reduce -24.2% 1.29% −0.23
KMB Kimberly-Clark Corp. Reduce -26.2% 0.62% −0.23
WM Waste Management Inc. Reduce -27.1% 1.65% −0.22
LHX L3HARRIS Technologies Inc. Reduce -26.0% 1.34% −0.20
CHKP Check Point Software Tech Reduce -24.4% 0.95% −0.20
NSC Norfolk Southern Corp. Reduce -26.0% 1.29% −0.20
VGUS Vanguard Ultra SHRT Treasury Sold out 0.00% −0.18
UNH Unitedhealth Group Inc. Reduce -33.7% 0.58% −0.17
SAP Sap SE-Sponsored ADR Reduce -31.0% 0.55% −0.17
ABT Abbott Laboratories Reduce -21.6% 1.28% −0.15
APD Air Products & Chemicals Inc. Reduce -23.1% 0.86% −0.15
SCHD Schwab US DVD Equity ETF Sold out 0.00% −0.15
SNA Snap-on Inc. Reduce -25.9% 1.24% −0.14
PSX Phillips 66 Reduce -28.2% 0.65% −0.13
AMP Ameriprise Financial Inc. Sold out 0.00% −0.13
PG The Procter & Gamble Co. Reduce -22.1% 0.96% −0.12
ORCL Oracle Corp. Sold out 0.00% −0.11
BDX Becton Dickinson and Co. Reduce -34.8% 0.52% −0.11
WEC WEC Energy Group Inc. Reduce -29.6% 0.39% −0.10
META Meta Platforms Inc. Class A Sold out 0.00% −0.10
BA The Boeing Co. Sold out 0.00% −0.10
HD Home Depot Inc. Sold out 0.00% −0.09
KNF Knife River Corp. Sold out 0.00% −0.09
VYM Vanguard High DVD Yield ETF Sold out 0.00% −0.09
DIS The Walt Disney Co. Reduce -28.0% 0.57% −0.08
KVUE Kenvue Inc. Reduce -37.2% 0.30% −0.07
PCAR Paccar Inc. Reduce -29.8% 1.82% −0.07
CSCO Cisco Systems Inc. Reduce -33.2% 0.70% −0.06
CVX Chevron Corp. Reduce -20.9% 1.05% −0.06
SHEL Shell PLC-ADR Reduce -25.5% 0.77% −0.06
AWK American Water Works Co. Inc. Reduce -29.0% 0.14% −0.03
NEE Nextera Energy Inc. Reduce -24.6% 1.23% −0.03
SBUX Starbucks Corp. Reduce -19.1% 1.50% −0.03
PSCT Invesco S&P Smallcap Informa Reduce -24.8% 1.05% −0.02
JNJ Johnson & Johnson Reduce -29.6% 0.34% −0.01
DHR Danaher Corp. Reduce -29.9% 0.89% −0.01
PEP Pepsico Inc. Reduce -21.4% 0.80% −0.01
COP Conocophillips Reduce -18.2% 0.63% −0.01
SENS Senseonics Holdings Inc. Sold out 0.00% −0.00
AMZN Amazon.com Inc. Reduce -22.0% 3.37% −0.00
PFE Pfizer Inc. Reduce -15.7% 0.34% +0.00
RTX RTX Corp. Reduce -25.0% 1.58% +0.00
CL Colgate-Palmolive Co. Reduce -16.0% 0.51% +0.01

Portfolio Buys Q3 2025 → Q4 2025
VUSB Vanguard Ultra Short Bond Et Add +40.5% 3.74% +1.55
VBIL Vanguard 0-3M T-Bill ETF Add +414.7% 1.58% +1.33
JSCP JPMorgan Short Duration Core New 0.48% +0.48
VOO Vanguard S&P 500 ETF Add +0.0% 1.56% +0.31
TTE Totalenergies SE New 0.24% +0.24
JMST JPM Ultra-Short Muni Income Add +5.0% 0.85% +0.19
LLY Eli Lilly & Co. New 0.12% +0.12
AVUV Avantis US Small Cap Value Add +0.4% 0.53% +0.11
SCHF Schwab Intl Equity ETF Add +0.6% 0.47% +0.10
EPI Wisdomtree India Earnings Add +20.8% 0.23% +0.08
SPY SS SPDR S&P 500 ETF Trust-US Add +23.8% 0.15% +0.05
JFLX JPMorgan Flexible Debt ETF Add +0.8% 0.24% +0.05
QQQ Invesco QQQ Trust Series 1 Add +14.5% 0.13% +0.04
NFLX Netflix Inc. Add +2.1% 0.25% −0.01

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