Harbour Investments, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Harbour Investments, Inc. reported 3,482 stock positions worth $3.5 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 5.0% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 3.6%) and First Trust Smith Unconstrai (UCON, 2.8%). Compared with Q3 2024, it opened 235 new positions, sold out of 140, added to 1,262 and reduced 852. The biggest buy was Avantis Emerging Markets Eq (AVEM, shares +264466%) and the biggest sale iShares MSCI Emr MRK Ex Chna (EMXC, shares −88%).

Most Recent 13F
Q2 2026
Location
MADISON, WI
CIK
0000810121
Portfolio Value
$3.5B (Q4 2024)
SEC Filing
0000810121-25-000001 ↗ filed Feb 10, 2025

Holdings Value

0$2.0B$4.0B$6.0B$8.0B Q1 2024: $2.8B Q1 2024 Q2 2024: $3.0B Q2 2024 Q3 2024: $3.3B Q3 2024 Q4 2024: $3.5B $3.5B Q4 2024 Q1 2025: $3.5B Q1 2025 Q2 2025: $3.9B Q2 2025 Q3 2025: $4.4B Q3 2025 Q4 2025: $4.9B Q4 2025 Q1 2026: $6.5B Q1 2026 Q2 2026: $7.4B Q2 2026

Holdings 3,482 stocks · $3.5B
VOO Vanguard S&P 500 ETF 5.01% 323,755 $174.4M Add +16.9%
QQQ Invesco QQQ Trust Series 1 3.58% 244,139 $124.8M Reduce -14.7%
UCON First Trust Smith Unconstrai 2.81% 3,975,370 $98.0M Add +15.6%
CALF PCR US SM CP CSH CWS ETF-Usd 2.65% 2,093,739 $92.1M Add +0.9%
AAPL Apple Inc. 2.03% 282,390 $70.7M Add +1.6%
IJH iShares Core S&P Midcap ETF 1.95% 1,089,646 $67.9M Add +6.5%
BUFR FT Vest Lad Buffervetf-Usd I 1.93% 2,205,087 $67.2M Add +12.3%
SCHD Schwab US DVD Equity ETF 1.85% 2,359,839 $64.5M Reduce -6.7%
BND Vanguard Total Bond Market 1.57% 760,347 $54.7M Add +4.5%
FTCS First Trust Capital Strength 1.56% 620,475 $54.5M Reduce -0.4%
SPYM Ste STR SPDR PT S&P 500 ETF 1.50% 758,971 $52.3M Add +12.4%
SCHX Schwab US Large-Cap ETF 1.37% 2,059,604 $47.7M Reduce -1.5%
IVV iShares Core S&P 500 ETF 1.35% 79,881 $47.0M Reduce -0.7%
CGCP Cap Group Core Plus Income 1.25% 1,955,062 $43.4M Add +13.3%
SPY SS SPDR S&P 500 ETF Trust-US 1.11% 65,876 $38.6M Reduce -6.4%
PG The Procter & Gamble Co. 1.04% 215,288 $36.1M Add +1.3%
VGT Vanguard Info Tech ETF 1.01% 56,672 $35.2M Add +81.5%
RDVY First Trust Rising Dividend 0.95% 558,670 $33.0M Add +5.5%
FVD First Trust Value Line DVD 0.95% 755,369 $33.0M Reduce -1.2%
NVDA Nvidia Corp. 0.94% 244,248 $32.8M Add +11.5%
VTI VG Morningstar TS MKT ETF-US 0.88% 105,624 $30.6M Add +8.5%
MSFT Microsoft Corp. 0.80% 66,415 $28.0M Add +1.9%
VUG Vanguard Mrngstar GR ETF-Sui 0.79% 67,313 $27.6M Add +7.2%
AMZN Amazon.com Inc. 0.79% 125,882 $27.6M Add +0.0%
AVEM Avantis Emerging Markets Eq 0.75% 447,116 $26.3M Add +264465.7%
COWZ Pacer US Cash Cows 100 ETF 0.71% 437,099 $24.7M Add +14.6%
SDVY First Trust Smid Cap Rising 0.62% 601,110 $21.5M Add +20.4%
SCHB Schwab US Broad Market ETF 0.58% 885,934 $20.1M Add +5.5%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.57% 158,740 $19.8M Reduce -0.9%
JPST JPMorgan Ultra-Short Income 0.55% 379,117 $19.1M Reduce -5.1%
FBND Fidelity Total Bond ETF 0.54% 421,099 $18.9M Add +10.0%
EDV Vanguard Extended Dur Treas 0.54% 275,437 $18.7M Add +4.0%
VEA Vanguard Ftse Developed ETF 0.48% 351,235 $16.8M Add +7.1%
FTSM First Trust Enh Short Mat FD 0.47% 275,126 $16.4M Reduce -9.2%
LMBS First Trust Low Duration Opp 0.46% 331,522 $16.1M Add +4.2%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.44% 434,708 $15.2M Add +12.1%
GLD SPDR Gold Shares 0.43% 62,073 $15.0M Reduce -7.5%
SCHG Schwab US Large-Cap Growth 0.43% 539,026 $15.0M Reduce -15.4%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 0.42% 418,621 $14.8M Add +28.4%
CGGR Cap Group Growth Equity 0.42% 389,188 $14.5M Add +12.1%
SMH Vaneck Semiconductor ETF 0.41% 58,381 $14.1M Reduce -10.9%
FDL First Trust Morn DVD Lead Inc. 0.38% 327,921 $13.2M Add +23.8%
VXUS Vanguard Total Intl Stock 0.38% 222,124 $13.1M Reduce -45.7%
FIXD First Trust Smith Opportunis 0.37% 299,782 $12.9M Reduce -40.0%
BUFD FT VST Lad Deep Buf ETF-Usdi 0.36% 497,964 $12.7M Add +25.6%
GOOGL Alphabet Inc. Class A 0.36% 65,529 $12.4M Add +21.5%
IVW iShares S&P 500 Growth ETF 0.35% 118,630 $12.0M Reduce -1.5%
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.34% 378,200 $11.9M Add +2.7%
AIRR First Trust Rba American Ind 0.34% 152,471 $11.7M Add +25.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.34% 69,313 $11.7M Add +6.5%
ESGU iShares ESG Aware MSCI USA 0.34% 90,910 $11.7M Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.33% 25,229 $11.4M Add +11.6%
AGG iShares Core U.S. Aggregate 0.33% 117,138 $11.4M Reduce -11.3%
RDVI FT Vest Rising Dividend Achi 0.32% 463,566 $11.2M Add +13.5%
VGSH Vanguard Short-Term Treasury 0.32% 190,862 $11.1M Add +2.7%
VIG Vanguard Dividend Apprec ETF 0.31% 55,666 $10.9M Add +10.0%
IJR iShares Core S&P Small-Cap E 0.31% 92,324 $10.6M Reduce -4.7%
TSLA Tesla Inc. 0.30% 25,982 $10.5M Add +4.5%
JEPI JPMorgan Equity Premium Inco 0.29% 174,646 $10.0M Add +10.9%
RWL Invesco S&P 500 Revenue ETF 0.28% 99,679 $9.8M Add +5.4%
VXF Vanguard Extended Market ETF 0.28% 50,735 $9.6M Add +1658.0%
LLY Eli Lilly & Co. 0.28% 12,467 $9.6M Add +32.1%
COST Costco Wholesale Corp. 0.27% 10,137 $9.3M Add +5.4%
SCHO Schwab Short-Term US Treas 0.26% 381,920 $9.2M Reduce -4.8%
XLSR SS US Sector Rotation 0.26% 167,704 $9.0M Add +0.7%
IVE iShares S&P 500 Value ETF 0.25% 45,567 $8.7M Reduce -8.8%
JPM JPMorgan Chase & Co. 0.25% 36,095 $8.7M Add +6.5%
GOOG Alphabet Inc. Class C 0.25% 45,267 $8.6M Add +5.1%
LGOV First TR Long Duration O-ETF 0.25% 409,842 $8.5M Add +7.7%
FSK FS KKR Capital Corp. 0.24% 391,647 $8.5M Add +2.5%
VWO Vanguard Ftse Emerging Marke 0.24% 193,017 $8.5M Add +4.6%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.24% 270,602 $8.5M Add +21.4%
FXU First Trust Utilities Alphad 0.23% 214,270 $8.1M Reduce -1.9%
SPEM State Street SP PTF Em ETF 0.23% 209,166 $8.0M Add +3.1%
BOND PIMCO Active Bond Exchange-T 0.23% 88,575 $8.0M Reduce -1.0%
VGK Vanguard Ftse Europe ETF 0.23% 125,495 $8.0M Add +2.3%
MBB iShares MBS ETF 0.23% 85,628 $7.9M Add +3.9%
SPYG SS SPDR P S&P 500 Growth ETF 0.22% 87,770 $7.7M Add +0.8%
RSP Invesco S&P 500 Equal Weight 0.22% 44,003 $7.7M Add +6.7%
QUAL iShares MSCI USA Quality Fac 0.21% 40,888 $7.3M Add +2.1%
HD Home Depot Inc. 0.21% 18,687 $7.3M Add +6.3%
MINT PIMCO Enhanced Short Maturit 0.21% 72,146 $7.2M Add +9.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.21% 211,961 $7.2M Reduce -4.9%
MTUM iShares MSCI USA Momentum Fa 0.21% 34,557 $7.2M Reduce -3.1%
XSMO Invesco S&P Smallcap Momentu 0.21% 108,121 $7.1M Add +628.3%
GDX Vaneck Gold Miners ETF 0.20% 208,844 $7.1M Add +1.4%
VYM Vanguard High DVD Yield ETF 0.20% 55,008 $7.0M Add +4.0%
SPHQ Invesco S&P 500 Quality ETF 0.20% 104,498 $7.0M Add +14.0%
QYLD Global X Nasd 100 Cov Call 0.20% 374,674 $6.8M Add +3.7%
V Visa Inc. Class A 0.20% 21,516 $6.8M Add +1.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.19% 15,833 $6.7M Reduce -19.0%
VGLT Vanguard Long-Term Treasury 0.19% 118,793 $6.6M Reduce -16.1%
PJUL Innovator U.S. Equity Power 0.19% 159,421 $6.6M Reduce -2.9%
XLK SS Technology Select Sector 0.19% 27,966 $6.5M Add +0.9%
META Meta Platforms Inc. Class A 0.19% 11,050 $6.5M Add +5.0%
BUFF Innovator Laddered Allocatio 0.19% 144,039 $6.5M Add +23.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.18% 18,616 $6.4M Add +4.5%
KNG FT Vest S&P 500 DVD Arst TRG 0.18% 126,417 $6.3M Add +17.4%
AVGO Broadcom Inc. 0.18% 27,244 $6.3M Add +5.8%
FPE FT-Preferred Secur & Inc. ETF 0.18% 356,722 $6.3M Reduce -2.5%

Show all 3,482 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $54K (not counted above)
SecurityClassShares / PrincipalValueChange
PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) NOTE 6.375% 3/0 · principal 25,000$25KNo change
CHEESECAKE FACTORY (THE) (CAKE 0.375 06/15/26) NOTE 0.375% 6/1 · principal 20,000$20KNo change
VISHAY INTERTECHNOLOGY (VSH 2.25 06/15/25) NOTE 2.250% 6/1 · principal 10,000$10KNo change
Lines left out (2) · $32 — a value with no share or principal amount
SecurityClassSharesValue
CBSH Commerce Bancshares Inc. COM0$25
AAP Advance Auto Parts Inc. COM0$7

Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.

Total filed on the 13F, all lines: $3.5B.

Portfolio Sells Q3 2024 → Q4 2024
EMXC iShares MSCI Emr MRK Ex Chna Reduce -88.2% 0.10% −0.89
QQQ Invesco QQQ Trust Series 1 Reduce -14.7% 3.58% −0.62
VXUS Vanguard Total Intl Stock Reduce -45.7% 0.38% −0.42
FIXD First Trust Smith Opportunis Reduce -40.0% 0.37% −0.31
SCHD Schwab US DVD Equity ETF Reduce -6.7% 1.85% −0.29
FTCS First Trust Capital Strength Reduce -0.4% 1.56% −0.14
SPY SS SPDR S&P 500 ETF Trust-US Reduce -6.4% 1.11% −0.11
FVD First Trust Value Line DVD Reduce -1.2% 0.95% −0.10
SMH Vaneck Semiconductor ETF Reduce -10.9% 0.41% −0.08
AGG iShares Core U.S. Aggregate Reduce -11.3% 0.33% −0.08
FTSM First Trust Enh Short Mat FD Reduce -9.2% 0.47% −0.07
VGLT Vanguard Long-Term Treasury Reduce -16.1% 0.19% −0.07
SCHG Schwab US Large-Cap Growth Reduce -15.4% 0.43% −0.07
TLT iShares 20+ Year Treasury BD Reduce -19.0% 0.15% −0.07
DJAN FT Vest U.S. Equity Deep Buf Reduce -65.3% 0.03% −0.06
JPST JPMorgan Ultra-Short Income Reduce -5.1% 0.55% −0.06
GLD SPDR Gold Shares Reduce -7.5% 0.43% −0.06
DIA SS SPDR Dow Jones Indus Avg Reduce -19.0% 0.19% −0.06
DFEB FT Vest U.S. Equity Deep Buf Reduce -32.5% 0.11% −0.05
VPU Vanguard Utilities ETF Reduce -44.0% 0.05% −0.05
SCHX Schwab US Large-Cap ETF Reduce -1.5% 1.37% −0.05
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -81.9% 0.01% −0.05
MGV Vngrd Mrgstr MG CP VL ETF-Ui Reduce -0.9% 0.57% −0.05
MGOV FT Intermed Govt Oppt ETF Reduce -48.6% 0.04% −0.05
VHT Vanguard Health Care ETF Reduce -15.5% 0.13% −0.05
IVV iShares Core S&P 500 ETF Reduce -0.7% 1.35% −0.05
IVE iShares S&P 500 Value ETF Reduce -8.8% 0.25% −0.05
SPMO Invesco S&P 500 Momentum ETF Reduce -45.2% 0.06% −0.05
SPDW Ste STR SPDR PT DW Eu ETF Reduce -4.9% 0.21% −0.04
MLI Mueller Industries Inc. Reduce -33.9% 0.09% −0.04
XLV SS Health Care Select Sector Reduce -7.2% 0.16% −0.04
BSJO Invesco Bulletshares 2024 HY Sold out 0.00% −0.04
VTEB Vanguard Tax-Exempt Bond ETF Reduce -32.1% 0.06% −0.04
IJR iShares Core S&P Small-Cap E Reduce -4.7% 0.31% −0.04
SCHO Schwab Short-Term US Treas Reduce -4.8% 0.26% −0.03
JNJ Johnson & Johnson Reduce -0.9% 0.15% −0.03
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -12.3% 0.16% −0.03
QQEW First TR Nasdaq-100 Sel Eq Reduce -37.5% 0.04% −0.03
SCHP Schwab U.S. Tips ETF Reduce -5.1% 0.18% −0.03
VTC Vanguard Total Corporate BND Reduce -82.1% 0.01% −0.03
BOND PIMCO Active Bond Exchange-T Reduce -1.0% 0.23% −0.02
PEP Pepsico Inc. Reduce -2.7% 0.12% −0.02
FISR SS Fi Sector Rotation Reduce -29.9% 0.04% −0.02
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -3.5% 0.17% −0.02
FXU First Trust Utilities Alphad Reduce -1.9% 0.23% −0.02
XLP SS Consumer Staples Sel Sect Reduce -16.4% 0.06% −0.02
XLB SS Materials Select Sector Reduce -83.6% 0.00% −0.02
FHLC Fidelity MSCI Health Care Reduce -9.1% 0.07% −0.02
MFLX First Trust Exchange-Traded Reduce -19.6% 0.06% −0.02
EXAS Exact Sciences Corp. Reduce -10.5% 0.04% −0.02

Portfolio Buys Q3 2024 → Q4 2024
AVEM Avantis Emerging Markets Eq Add +264465.7% 0.75% +0.75
VOO Vanguard S&P 500 ETF Add +16.9% 5.01% +0.61
VGT Vanguard Info Tech ETF Add +81.5% 1.01% +0.46
VXF Vanguard Extended Market ETF Add +1658.0% 0.28% +0.26
UCON First Trust Smith Unconstrai Add +15.6% 2.81% +0.21
XSMO Invesco S&P Smallcap Momentu Add +628.3% 0.21% +0.18
BUFR FT Vest Lad Buffervetf-Usd I Add +12.3% 1.93% +0.16
XMMO Invesco S&P Midcap Momentum Add +2082.1% 0.16% +0.15
NVDA Nvidia Corp. Add +11.5% 0.94% +0.14
SPYM Ste STR SPDR PT S&P 500 ETF Add +12.4% 1.50% +0.13
TSLA Tesla Inc. Add +4.5% 0.30% +0.11
PDEC Innovator U.S. Equity Power Add +861.0% 0.11% +0.10
AMZN Amazon.com Inc. Add +0.0% 0.79% +0.09
GOOGL Alphabet Inc. Class A Add +21.5% 0.36% +0.09
AAPL Apple Inc. Add +1.6% 2.03% +0.08
COWG Pacer US LRG Cap Cows GR LD Add +378.9% 0.09% +0.07
SDVY First Trust Smid Cap Rising Add +20.4% 0.62% +0.07
FXO First Trust Financial Alphad Add +174.1% 0.11% +0.07
VUG Vanguard Mrngstar GR ETF-Sui Add +7.2% 0.79% +0.07
PLTR Palantir Technologies Inc. Class A Add +26.9% 0.11% +0.07
CGDV Cap Group Dividend Value Add +28.4% 0.42% +0.07
BUFD FT VST Lad Deep Buf ETF-Usdi Add +25.6% 0.36% +0.07
AIRR First Trust Rba American Ind Add +25.1% 0.34% +0.06
ZDEK Inno Equ Def Pro ETF - 1 DE New 0.06% +0.06
CLIP Global X 1-3 Month T-Bill Add +108.3% 0.12% +0.06
PSFF Pacer Swan Sos Fund of Funds Add +187.8% 0.09% +0.05
CGGR Cap Group Growth Equity Add +12.1% 0.42% +0.05
VTI VG Morningstar TS MKT ETF-US Add +8.5% 0.88% +0.05
AVGO Broadcom Inc. Add +5.8% 0.18% +0.05
DECW Alianzim US Eq BFR20 Dec-Usd Add +3832.7% 0.05% +0.05
CGCP Cap Group Core Plus Income Add +13.3% 1.25% +0.05
COWZ Pacer US Cash Cows 100 ETF Add +14.6% 0.71% +0.05
FDL First Trust Morn DVD Lead Inc. Add +23.8% 0.38% +0.04
JAAA Janus Henderson Aaa Clo ETF Add +331.2% 0.06% +0.04
TUG STF Tactical Growth ETF Add +48.5% 0.14% +0.04
JAVA JPMorgan Active Value ETF Add +68.2% 0.11% +0.04
MSTR Strategy Inc. Add +21.2% 0.08% +0.04
BSV Vanguard Short-Term Bond ETF Add +48.4% 0.14% +0.04
SGOL Abrdn Physical Gold Shares Add +49.9% 0.13% +0.04
CGUS Cap Group Core Equity Add +12.1% 0.44% +0.04
NVBW Alnzim US Eqt BFR2 No Et-Usd Add +2763.1% 0.04% +0.04
ROBT First Trust Nasdaq Artificia Add +799.8% 0.04% +0.04
JANW Alianzim US Eq BFR20 Jan-Usd Add +301.2% 0.05% +0.03
PPA Invesco Aerospace & Defense Add +129.0% 0.06% +0.03
CGBL Cap Group Core Balanced Add +21.4% 0.24% +0.03
SOUN Soundhound AI Inc. Class A Add +19.6% 0.04% +0.03
JPM JPMorgan Chase & Co. Add +6.5% 0.25% +0.03
CGGO Cap Group Global Growth Add +34.1% 0.17% +0.03
VCIT Vanguard Int-Term Corporate Add +421.0% 0.04% +0.03
BUFF Innovator Laddered Allocatio Add +23.6% 0.19% +0.03

Notes & Other Activity Q3 2024 → Q4 2024
CBSH Commerce Bancshares Inc. COM Reduce -100.0% 0 $25
ANDE The Andersons Inc. COM Sold out 0 $10before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4,749$7.4BVOO, QQQ, SDVY, AAPL, AVEM
Q1 2026 4,650$6.5BVOO, QQQ, SDVY, AAPL, UCON
Q4 2025 3,857$4.9BVOO, QQQ, SDVY, UCON, BUFR
Q3 2025 3,741$4.4BVOO, QQQ, SDVY, BUFR, IJH
Q2 2025 3,602$3.9BVOO, QQQ, SDVY, BUFR, IJH
Q1 2025 3,551$3.5BVOO, QQQ, UCON, CALF, BUFR
Q4 2024 3,482$3.5BVOO, QQQ, UCON, CALF, AAPL
Q3 2024 3,387$3.3BVOO, QQQ, CALF, UCON, SCHD
Q2 2024 3,286$3.0BQQQ, VOO, CALF, UCON, SCHD
Q1 2024 3,210$2.8BVOO, QQQ, CALF, UCON, SCHD