Harbour Investment Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Harbour Investment Management LLC reported 101 stock positions worth $184.2 million. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Vanguard Ultra Short Bond Et (VUSB, 5.7%) and Costco Wholesale (COST, 5.6%). Compared with Q4 2025, it opened 8 new positions, sold out of 6, added to 7 and reduced 59. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +192%) and the biggest sale Microsoft (MSFT, shares −19%).

Most Recent 13F
Q2 2026
Location
EDMONDS, WA
CIK
0001275880
Portfolio Value
$184.2M (Q1 2026)
SEC Filing
0001275880-26-000003 ↗ filed Apr 23, 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 Q4 2025 Q1 2026: $184.2M $184.2M Q1 2026 Q2 2026: $193.6M Q2 2026

Holdings 101 stocks · $184.2M
MSFT Microsoft Corp. 6.78% 33,736 $12.5M Reduce -18.9%
VUSB Vanguard Ultra Short Bond Et 5.68% 210,161 $10.5M Add +48.4%
COST Costco Wholesale Corp. 5.56% 10,270 $10.2M Reduce -15.6%
VBIL Vanguard 0-3M T-Bill ETF 4.75% 115,684 $8.8M Add +192.3%
JPST JPMorgan Ultra-Short Income 4.60% 167,306 $8.5M Add +3.0%
AAPL Apple Inc. 4.19% 30,436 $7.7M Reduce -7.0%
AVGO Broadcom Inc. 3.00% 17,849 $5.5M Reduce -6.7%
AMZN Amazon.com Inc. 2.90% 25,669 $5.3M Reduce -6.9%
IBB iShares Biotechnology ETF 2.35% 25,620 $4.3M Reduce -11.0%
BRK.B Berkshire Hathaway Inc. Class B 2.14% 8,236 $3.9M Reduce -9.8%
GOOG Alphabet Inc. Class C 2.00% 12,856 $3.7M Reduce -6.0%
JSCP JPMorgan Short Duration Core 1.82% 70,850 $3.4M Add +277.2%
PCAR Paccar Inc. 1.71% 27,194 $3.1M Reduce -12.0%
WM Waste Management Inc. 1.59% 12,716 $2.9M Reduce -9.9%
SBUX Starbucks Corp. 1.55% 31,835 $2.9M Reduce -5.3%
RTX RTX Corp. 1.54% 14,740 $2.8M Reduce -9.3%
VOO Vanguard S&P 500 ETF 1.52% 4,694 $2.8M No change
LHX L3HARRIS Technologies Inc. 1.46% 7,813 $2.7M Reduce -9.0%
SYK Stryker Corp. 1.42% 7,962 $2.6M Reduce -14.7%
CVX Chevron Corp. 1.36% 12,063 $2.5M Reduce -7.2%
XLB SS Materials Select Sector 1.32% 48,526 $2.4M Reduce -9.2%
NEE Nextera Energy Inc. 1.30% 25,870 $2.4M Reduce -10.6%
SNA Snap-on Inc. 1.22% 6,186 $2.2M Reduce -9.1%
KO The Coca-Cola Co. 1.11% 26,722 $2.0M Reduce -7.7%
BLK BlackRock Inc. 1.10% 2,113 $2.0M Reduce -6.8%
ADP Automatic Data Processing 1.09% 9,785 $2.0M Reduce -6.5%
SIVR Abrdn Physical Silver Shares 1.01% 26,000 $1.9M No change
ABT Abbott Laboratories 0.99% 17,767 $1.8M Reduce -7.8%
NVO Novo-Nordisk A/S-Spons ADR 0.98% 47,720 $1.8M Reduce -15.5%
PSCT Invesco S&P Smallcap Informa 0.96% 29,529 $1.8M Reduce -15.6%
APD Air Products & Chemicals Inc. 0.94% 5,931 $1.7M Reduce -9.2%
PG The Procter & Gamble Co. 0.93% 11,885 $1.7M Reduce -5.8%
SHEL Shell PLC-ADR 0.92% 18,228 $1.7M Reduce -8.2%
FNDX Schwab Fndmntl US LRG Co. ETF 0.90% 59,391 $1.7M No change
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.87% 31,295 $1.6M No change
JAAA Janus Henderson Aaa Clo ETF 0.86% 31,443 $1.6M New
PSX Phillips 66 0.85% 8,558 $1.6M Reduce -9.8%
COP Conocophillips 0.84% 11,715 $1.5M Reduce -7.2%
SGOL Abrdn Physical Gold Shares 0.84% 34,550 $1.5M No change
PEP Pepsico Inc. 0.83% 9,800 $1.5M Reduce -5.9%
VFH Vanguard Financials ETF 0.82% 12,488 $1.5M Reduce -9.8%
BMY Bristol-Myers Squibb Co. 0.77% 23,364 $1.4M Reduce -6.5%
V Visa Inc. Class A 0.77% 4,678 $1.4M Reduce -2.6%
DHR Danaher Corp. 0.72% 6,963 $1.3M Reduce -5.3%
CHKP Check Point Software Tech 0.68% 8,720 $1.2M Reduce -9.7%
VTEB Vanguard Tax-Exempt Bond ETF 0.68% 24,945 $1.2M No change
VGUS Vanguard Ultra SHRT Treasury 0.68% 16,448 $1.2M New
INTC Intel Corp. 0.66% 27,397 $1.2M Reduce -7.3%
UPS United Parcel Service Class B 0.61% 11,437 $1.1M Reduce -4.5%
NVDA Nvidia Corp. 0.57% 6,026 $1.1M Reduce -7.7%
HON Honeywell International Inc. 0.56% 4,562 $1.0M New
CSCO Cisco Systems Inc. 0.56% 13,200 $1.0M Reduce -23.5%
KMB Kimberly-Clark Corp. 0.54% 10,225 $999K Reduce -9.9%
AVUV Avantis US Small Cap Value 0.54% 8,921 $986K Reduce -8.6%
CL Colgate-Palmolive Co. 0.51% 11,122 $948K Reduce -8.9%
UNH Unitedhealth Group Inc. 0.50% 3,416 $924K Add +2.4%
SCHF Schwab Intl Equity ETF 0.49% 36,731 $909K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.45% 8,613 $830K Reduce -8.2%
GLD SPDR Gold Shares 0.45% 1,907 $821K No change
VTIP Vanguard Short-Term Tips 0.43% 15,930 $796K New
NSC Norfolk Southern Corp. 0.42% 2,697 $774K Reduce -68.0%
XOM Exxon Mobil Corp. 0.40% 4,306 $731K Reduce -27.9%
BRK.A Berkshire Hathaway Inc. Class A 0.39% 1 $718K No change
WEC WEC Energy Group Inc. 0.38% 6,115 $708K Reduce -11.8%
BDX Becton Dickinson and Co. 0.37% 4,367 $687K Reduce -12.9%
SCHX Schwab US Large-Cap ETF 0.36% 26,034 $668K No change
JNJ Johnson & Johnson 0.36% 2,729 $667K Reduce -10.9%
SAP Sap SE-Sponsored ADR 0.36% 3,862 $661K Reduce -9.3%
GOOGL Alphabet Inc. Class A 0.34% 2,201 $633K Reduce -0.5%
PFE Pfizer Inc. 0.34% 22,460 $631K Reduce -13.6%
IVV iShares Core S&P 500 ETF 0.33% 941 $615K No change
EWG iShares MSCI Germany ETF 0.33% 15,248 $605K Reduce -9.6%
TTE Totalenergies SE 0.32% 6,459 $594K Reduce -6.8%
MUB iShares National Muni Bond E 0.31% 5,370 $570K No change
PXF Invesco Rafi Developed Marke 0.30% 7,887 $551K No change
VEA Vanguard Ftse Developed ETF 0.30% 8,544 $548K No change
KVUE Kenvue Inc. 0.28% 29,700 $512K Reduce -9.2%
VB Vanguard Most SM-Cap ETF-Usd 0.28% 1,952 $511K No change
MDY State Street SPDR S&P Midcap 0.28% 819 $507K Reduce -1.7%
PRFZ Inv Rafi US 1500 SM-Usd Inc. 0.27% 11,004 $505K No change
NFLX Netflix Inc. 0.26% 4,950 $476K No change
VT Vanguard Tot World STK ETF 0.25% 3,361 $465K No change
JFLX JPMorgan Flexible Debt ETF 0.25% 9,214 $458K Add +1.3%
JPM JPMorgan Chase & Co. 0.24% 1,495 $440K Add +11.2%
FNDA Schwab Fndmntl US SM Co. ETF 0.22% 12,400 $402K No change
SCHM Schwab US Mid Cap ETF 0.20% 12,164 $377K No change
EPI Wisdomtree India Earnings 0.20% 9,190 $375K Reduce -2.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.20% 7,539 $369K No change
WMT Walmart Inc. 0.20% 2,960 $369K No change
XLRE SS Real Estate Select Sector 0.20% 8,975 $366K Reduce -0.2%
RSPG Invesco S&P 500 Equal Weight 0.15% 2,571 $281K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.15% 416 $271K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 590 $258K No change
BIV Vanguard Intermediate-Term B 0.14% 3,314 $256K New
AWK American Water Works Co. Inc. 0.12% 1,625 $221K Reduce -17.1%
SCHA Schwab US Small-Cap ETF 0.12% 7,547 $219K No change
KNF Knife River Corp. 0.12% 2,653 $217K New
TSM Taiwan Semiconductor-SP ADR 0.11% 609 $206K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.11% 4,402 $202K New
QQQ Invesco QQQ Trust Series 1 0.11% 347 $200K Reduce -11.9%
PLX Protalix Biotherapeutics Inc. 0.01% 10,100 $22K No change

Portfolio Sells Q4 2025 → Q1 2026
MSFT Microsoft Corp. Reduce -18.9% 6.78% −3.89
NSC Norfolk Southern Corp. Reduce -68.0% 0.42% −0.87
NVO Novo-Nordisk A/S-Spons ADR Reduce -15.5% 0.98% −0.54
AAPL Apple Inc. Reduce -7.0% 4.19% −0.53
AVGO Broadcom Inc. Reduce -6.7% 3.00% −0.51
AMZN Amazon.com Inc. Reduce -6.9% 2.90% −0.47
ADP Automatic Data Processing Reduce -6.5% 1.09% −0.35
SYK Stryker Corp. Reduce -14.7% 1.42% −0.32
BRK.B Berkshire Hathaway Inc. Class B Reduce -9.8% 2.14% −0.29
ABT Abbott Laboratories Reduce -7.8% 0.99% −0.29
CHKP Check Point Software Tech Reduce -9.7% 0.68% −0.27
GOOG Alphabet Inc. Class C Reduce -6.0% 2.00% −0.27
IBB iShares Biotechnology ETF Reduce -11.0% 2.35% −0.23
SAP Sap SE-Sponsored ADR Reduce -9.3% 0.36% −0.19
ADBE Adobe Inc. Sold out 0.00% −0.19
BLK BlackRock Inc. Reduce -6.8% 1.10% −0.18
DHR Danaher Corp. Reduce -5.3% 0.72% −0.18
FICO Fair Isaac Corp. Sold out 0.00% −0.16
VFH Vanguard Financials ETF Reduce -9.8% 0.82% −0.16
CSCO Cisco Systems Inc. Reduce -23.5% 0.56% −0.15
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.15
BDX Becton Dickinson and Co. Reduce -12.9% 0.37% −0.14
GS Goldman Sachs Group Inc. Sold out 0.00% −0.13
V Visa Inc. Class A Reduce -2.6% 0.77% −0.13
LLY Eli Lilly & Co. Sold out 0.00% −0.12
DIS The Walt Disney Co. Reduce -8.2% 0.45% −0.12
PCAR Paccar Inc. Reduce -12.0% 1.71% −0.11
AXP American Express Co. Sold out 0.00% −0.11
PSCT Invesco S&P Smallcap Informa Reduce -15.6% 0.96% −0.09
NVDA Nvidia Corp. Reduce -7.7% 0.57% −0.07
KMB Kimberly-Clark Corp. Reduce -9.9% 0.54% −0.07
WM Waste Management Inc. Reduce -9.9% 1.59% −0.06
EWG iShares MSCI Germany ETF Reduce -9.6% 0.33% −0.05
RTX RTX Corp. Reduce -9.3% 1.54% −0.04
EPI Wisdomtree India Earnings Reduce -2.8% 0.20% −0.03
PG The Procter & Gamble Co. Reduce -5.8% 0.93% −0.03
GOOGL Alphabet Inc. Class A Reduce -0.5% 0.34% −0.02
SNA Snap-on Inc. Reduce -9.1% 1.22% −0.02
KVUE Kenvue Inc. Reduce -9.2% 0.28% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -11.9% 0.11% −0.02
UPS United Parcel Service Class B Reduce -4.5% 0.61% −0.02
AWK American Water Works Co. Inc. Reduce -17.1% 0.12% −0.02
COST Costco Wholesale Corp. Reduce -15.6% 5.56% −0.01
WEC WEC Energy Group Inc. Reduce -11.8% 0.38% −0.00
PFE Pfizer Inc. Reduce -13.6% 0.34% −0.00
CL Colgate-Palmolive Co. Reduce -8.9% 0.51% +0.00
XLRE SS Real Estate Select Sector Reduce -0.2% 0.20% +0.01
AVUV Avantis US Small Cap Value Reduce -8.6% 0.54% +0.01
MDY State Street SPDR S&P Midcap Reduce -1.7% 0.28% +0.01
XOM Exxon Mobil Corp. Reduce -27.9% 0.40% +0.02

Portfolio Buys Q4 2025 → Q1 2026
VBIL Vanguard 0-3M T-Bill ETF Add +192.3% 4.75% +3.17
VUSB Vanguard Ultra Short Bond Et Add +48.4% 5.68% +1.94
JSCP JPMorgan Short Duration Core Add +277.2% 1.82% +1.34
JAAA Janus Henderson Aaa Clo ETF New 0.86% +0.86
VGUS Vanguard Ultra SHRT Treasury New 0.68% +0.68
HON Honeywell International Inc. New 0.56% +0.56
VTIP Vanguard Short-Term Tips New 0.43% +0.43
JPST JPMorgan Ultra-Short Income Add +3.0% 4.60% +0.23
BIV Vanguard Intermediate-Term B New 0.14% +0.14
KNF Knife River Corp. New 0.12% +0.12
TSM Taiwan Semiconductor-SP ADR New 0.11% +0.11
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.11% +0.11
JPM JPMorgan Chase & Co. Add +11.2% 0.24% +0.01
JFLX JPMorgan Flexible Debt ETF Add +1.3% 0.25% +0.01
UNH Unitedhealth Group Inc. Add +2.4% 0.50% −0.08

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