Harfst & Associates, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Harfst & Associates, Inc. reported 105 stock positions worth $421.2 million. Its top holding was Raymond James Financial (RJF) at 34.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 13.3%) and Invesco QQQ Trust Series 1 (QQQ, 7.1%). Compared with Q4 2023, it opened 17 new positions, added to 20 and reduced 59. The biggest buy was a new position in Vanguard Industrials ETF (VIS) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −8%).

Most Recent 13F
Q2 2026
Location
Sheridan, WY
CIK
0001649147
Portfolio Value
$421.2M (Q1 2024)
SEC Filing
0001172661-24-001921 ↗ filed Apr 22, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $421.2M $421.2M Q1 2024 Q2 2024: $429.0M Q2 2024 Q3 2024: $445.2M Q3 2024 Q4 2024: $480.0M Q4 2024 Q1 2025: $432.7M Q1 2025 Q2 2025: $484.9M Q2 2025 Q3 2025: $542.2M Q3 2025 Q4 2025: $554.6M Q4 2025 Q1 2026: $560.2M Q1 2026 Q2 2026: $643.4M Q2 2026

Holdings 105 stocks · $421.2M
RJF Raymond James Financial Inc. 34.38% 1,127,411 $144.8M Reduce -0.1%
IVV iShares Core S&P 500 ETF 13.34% 106,888 $56.2M Reduce -1.5%
QQQ Invesco QQQ Trust Series 1 7.06% 67,006 $29.8M Reduce -8.0%
PG The Procter & Gamble Co. 3.57% 92,787 $15.1M Add +0.8%
VTI VG Morningstar TS MKT ETF-US 1.88% 30,389 $7.9M Reduce -2.6%
AAPL Apple Inc. 1.58% 38,694 $6.6M Add +28.5%
NVDA Nvidia Corp. 1.41% 6,550 $5.9M Reduce -29.1%
MSFT Microsoft Corp. 1.36% 13,640 $5.7M Reduce -5.8%
BARNES GROUP INC 1.20% 136,440 $5.1M Reduce -1.6%
BRK.B Berkshire Hathaway Inc. Class B 1.19% 11,892 $5.0M Add +7.6%
ADBE Adobe Inc. 0.92% 7,638 $3.9M Add +3.5%
COST Costco Wholesale Corp. 0.88% 5,084 $3.7M Reduce -11.9%
AMZN Amazon.com Inc. 0.87% 20,307 $3.7M Reduce -5.8%
GOOGL Alphabet Inc. Class A 0.85% 23,591 $3.6M Reduce -1.4%
AMAT Applied Materials Inc. 0.84% 17,237 $3.6M Reduce -13.8%
SCHW Schwab (charles) Corp. 0.78% 45,542 $3.3M Reduce -1.1%
AMD Advanced Micro Devices 0.74% 17,160 $3.1M Reduce -21.6%
SSD Simpson Manufacturing Co. Inc. 0.71% 14,512 $3.0M Reduce -15.9%
LAD Lithia Motors Inc. 0.70% 9,803 $2.9M Reduce -10.2%
INTU Intuit Inc. 0.69% 4,498 $2.9M Reduce -6.9%
V Visa Inc. Class A 0.68% 10,186 $2.8M Reduce -10.4%
FAST Fastenal Co. 0.66% 35,965 $2.8M Reduce -7.0%
UFPI Ufp Industries Inc. 0.65% 22,221 $2.7M Reduce -11.9%
WST West Pharmaceutical Services 0.64% 6,827 $2.7M Reduce -2.2%
EXPD Expeditors Intl Wash Inc. 0.64% 22,180 $2.7M Add +4.7%
VXF Vanguard Extended Market ETF 0.63% 15,095 $2.6M Reduce -8.6%
TXN Texas Instruments Inc. 0.62% 14,954 $2.6M Add +10.5%
AOS Smith (a.o.) Corp. 0.62% 29,008 $2.6M Reduce -1.1%
UNH Unitedhealth Group Inc. 0.60% 5,114 $2.5M Add +9.1%
BLK BlackRock Finance Inc. 0.60% 3,012 $2.5M Add +4.8%
XOM Exxon Mobil Corp. 0.59% 21,310 $2.5M Add +9.7%
CMI Cummins Inc. 0.58% 8,295 $2.4M Reduce -8.4%
NTRS Northern Trust Corp. 0.58% 27,466 $2.4M Add +12.7%
RMD Resmed Inc. 0.58% 12,319 $2.4M Add +13.8%
ELV Elevance Health Inc. 0.58% 4,692 $2.4M Reduce -0.4%
GNTX Gentex Corp. 0.57% 66,242 $2.4M Reduce -1.0%
ADI Analog Devices Inc. 0.53% 11,383 $2.3M Add +16.1%
NKE Nike Inc. Class B 0.52% 23,517 $2.2M Add +25.1%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.51% 2,120 $2.2M Add +248.7%
ABT Abbott Laboratories 0.51% 18,793 $2.1M Add +11.0%
VOO Vanguard S&P 500 ETF 0.49% 4,330 $2.1M Add +0.6%
JNJ Johnson & Johnson 0.47% 12,618 $2.0M Add +14.8%
CVX Chevron Corp. 0.46% 12,218 $1.9M Add +14.3%
EOG EOG Resources Inc. 0.44% 14,487 $1.9M Add +5.7%
VIS Vanguard Industrials ETF 0.42% 7,233 $1.8M New
MPWR Monolithic Power Systems Inc. 0.38% 2,382 $1.6M New
CRM Salesforce Inc. 0.38% 5,337 $1.6M New
NOW ServiceNow Inc. 0.38% 2,096 $1.6M New
ODFL Old Dominion Freight Line 0.38% 7,252 $1.6M New
LRCX Lam Research Corp. 0.38% 1,628 $1.6M New
CI The Cigna Group 0.37% 4,342 $1.6M New
TRV The Travelers Cos Inc. 0.37% 6,815 $1.6M New
PGR Progressive Corp. 0.37% 7,491 $1.5M New
AIT Applied Industrial Tech Inc. 0.36% 7,757 $1.5M New
GGG Graco Inc. 0.36% 16,344 $1.5M New
ENSG The Ensign Group Inc. 0.36% 12,132 $1.5M New
AMP Ameriprise Financial Inc. 0.35% 3,402 $1.5M New
META Meta Platforms Inc. Class A 0.34% 2,990 $1.5M New
SPLV Invesco S&P 500 Low Volatili 0.30% 19,256 $1.3M Reduce -6.6%
QCOM Qualcomm Inc. 0.27% 6,771 $1.1M Reduce -58.4%
MET Metlife Inc. 0.26% 14,956 $1.1M Reduce -59.1%
ICE Intercontinental Exchange Inc. 0.26% 7,876 $1.1M Reduce -60.1%
CAT Caterpillar Inc. 0.26% 2,941 $1.1M Reduce -0.4%
CSCO Cisco Systems Inc. 0.24% 20,213 $1.0M Reduce -55.6%
MRK Merck & Co. Inc. 0.21% 6,711 $885K Reduce -58.0%
APD Air Products & Chemicals Inc. 0.20% 3,513 $851K Reduce -58.5%
DSI iShares ESG MSCI KLD 400 ETF 0.20% 8,403 $847K Add +1.2%
TSLA Tesla Inc. 0.20% 4,709 $828K Reduce -3.9%
HON Honeywell International Inc. 0.19% 3,976 $816K Reduce -60.8%
ACN Accenture PLC Class A 0.19% 2,303 $798K Reduce -64.8%
IWF iShares Russell 1000 Growth 0.18% 2,210 $745K Reduce -10.5%
SCHM Schwab US Mid Cap ETF 0.17% 8,853 $721K Reduce -1.7%
MDT Medtronic PLC 0.17% 8,004 $698K Reduce -64.8%
DLB Dolby Laboratories Inc. Class A 0.15% 7,476 $626K Reduce -67.3%
COLM Columbia Sportswear Co. 0.15% 7,664 $622K Reduce -66.6%
LOW Lowe's Cos Inc. 0.14% 2,395 $610K Reduce -0.9%
CPRT Copart Inc. 0.14% 10,366 $600K Reduce -4.9%
LFUS Littelfuse Inc. 0.14% 2,393 $580K Reduce -67.5%
ETN Eaton Corp. PLC 0.12% 1,581 $494K Reduce -1.9%
ABBV Abbvie Inc. 0.12% 2,681 $488K No change
MA Mastercard Inc. Class A 0.11% 992 $478K Reduce -2.9%
PPG PPG Industries Inc. 0.11% 3,240 $469K Reduce -1.2%
CB Chubb Ltd. 0.11% 1,752 $454K Reduce -2.6%
DE Deere & Co. 0.10% 1,070 $439K Reduce -1.4%
VRTX Vertex Pharmaceuticals Inc. 0.10% 1,022 $427K Reduce -1.4%
SDY SS SPDR S&P Dividend ETF 0.09% 3,040 $399K Reduce -0.2%
PH Parker Hannifin Corp. 0.09% 647 $360K Reduce -2.4%
ROK Rockwell Automation Inc. 0.08% 1,144 $333K Reduce -1.4%
PEP Pepsico Inc. 0.08% 1,840 $322K No change
FDX FedEx Corp. 0.07% 1,083 $314K Reduce -2.3%
AN Autonation Inc. 0.07% 1,795 $297K Reduce -2.8%
NSC Norfolk Southern Corp. 0.07% 1,133 $289K Reduce -1.6%
ONEQ Fidelity Nasdaq Comp Indx 0.07% 4,455 $287K New
ECL Ecolab Inc. 0.07% 1,235 $285K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.06% 500 $262K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.06% 1,600 $261K No change
ZTS Zoetis Inc. 0.06% 1,533 $259K Reduce -6.0%
MU Micron Technology Inc. 0.06% 2,111 $249K New
SUSA iShares ESG Optimized MSCI U 0.06% 2,266 $247K No change
ITW Illinois Tool Works 0.06% 879 $236K No change
GOOG Alphabet Inc. Class C 0.06% 1,520 $231K No change
CVS CVS Health Corp. 0.05% 2,898 $231K Reduce -1.6%
MELI MercadoLibre Inc. 0.05% 150 $227K No change
WSM Williams-Sonoma Inc. 0.05% 712 $226K New
AMGN Amgen Inc. 0.05% 705 $200K Reduce -2.4%

Portfolio Sells Q4 2023 → Q1 2024
QQQ Invesco QQQ Trust Series 1 Reduce -8.0% 7.06% −0.81
ACN Accenture PLC Class A Reduce -64.8% 0.19% −0.42
ICE Intercontinental Exchange Inc. Reduce -60.1% 0.26% −0.41
APD Air Products & Chemicals Inc. Reduce -58.5% 0.20% −0.41
LFUS Littelfuse Inc. Reduce -67.5% 0.14% −0.38
MET Metlife Inc. Reduce -59.1% 0.26% −0.38
DLB Dolby Laboratories Inc. Class A Reduce -67.3% 0.15% −0.37
CSCO Cisco Systems Inc. Reduce -55.6% 0.24% −0.37
HON Honeywell International Inc. Reduce -60.8% 0.19% −0.37
QCOM Qualcomm Inc. Reduce -58.4% 0.27% −0.35
IVV iShares Core S&P 500 ETF Reduce -1.5% 13.34% −0.34
COLM Columbia Sportswear Co. Reduce -66.6% 0.15% −0.33
MDT Medtronic PLC Reduce -64.8% 0.17% −0.33
MRK Merck & Co. Inc. Reduce -58.0% 0.21% −0.25
LAD Lithia Motors Inc. Reduce -10.2% 0.70% −0.25
SSD Simpson Manufacturing Co. Inc. Reduce -15.9% 0.71% −0.19
UFPI Ufp Industries Inc. Reduce -11.9% 0.65% −0.19
TSLA Tesla Inc. Reduce -3.9% 0.20% −0.12
COST Costco Wholesale Corp. Reduce -11.9% 0.88% −0.12
AMD Advanced Micro Devices Reduce -21.6% 0.74% −0.12
V Visa Inc. Class A Reduce -10.4% 0.68% −0.11
INTU Intuit Inc. Reduce -6.9% 0.69% −0.10
VXF Vanguard Extended Market ETF Reduce -8.6% 0.63% −0.09
VTI VG Morningstar TS MKT ETF-US Reduce -2.6% 1.88% −0.08
MSFT Microsoft Corp. Reduce -5.8% 1.36% −0.08
SCHW Schwab (charles) Corp. Reduce -1.1% 0.78% −0.05
SPLV Invesco S&P 500 Low Volatili Reduce -6.6% 0.30% −0.04
GOOGL Alphabet Inc. Class A Reduce -1.4% 0.85% −0.04
ZTS Zoetis Inc. Reduce -6.0% 0.06% −0.02
AOS Smith (a.o.) Corp. Reduce -1.1% 0.62% −0.02
IWF iShares Russell 1000 Growth Reduce -10.5% 0.18% −0.02
PPG PPG Industries Inc. Reduce -1.2% 0.11% −0.02
ROK Rockwell Automation Inc. Reduce -1.4% 0.08% −0.02
AMAT Applied Materials Inc. Reduce -13.8% 0.84% −0.01
DE Deere & Co. Reduce -1.4% 0.10% −0.01
VRTX Vertex Pharmaceuticals Inc. Reduce -1.4% 0.10% −0.01
GNTX Gentex Corp. Reduce -1.0% 0.57% −0.01
ELV Elevance Health Inc. Reduce -0.4% 0.58% −0.01
SCHM Schwab US Mid Cap ETF Reduce -1.7% 0.17% −0.01
WST West Pharmaceutical Services Reduce -2.2% 0.64% −0.01
AMGN Amgen Inc. Reduce -2.4% 0.05% −0.01
CVS CVS Health Corp. Reduce -1.6% 0.05% −0.01
SDY SS SPDR S&P Dividend ETF Reduce -0.2% 0.09% −0.01
NSC Norfolk Southern Corp. Reduce -1.6% 0.07% −0.00
AN Autonation Inc. Reduce -2.8% 0.07% −0.00
FAST Fastenal Co. Reduce -7.0% 0.66% −0.00
MA Mastercard Inc. Class A Reduce -2.9% 0.11% −0.00
FDX FedEx Corp. Reduce -2.3% 0.07% +0.00
CB Chubb Ltd. Reduce -2.6% 0.11% +0.00
CPRT Copart Inc. Reduce -4.9% 0.14% +0.00

Portfolio Buys Q4 2023 → Q1 2024
VIS Vanguard Industrials ETF New 0.42% +0.42
MPWR Monolithic Power Systems Inc. New 0.38% +0.38
CRM Salesforce Inc. New 0.38% +0.38
NOW ServiceNow Inc. New 0.38% +0.38
GWW WW Grainger Inc. Add +248.7% 0.51% +0.38
ODFL Old Dominion Freight Line New 0.38% +0.38
LRCX Lam Research Corp. New 0.38% +0.38
CI The Cigna Group New 0.37% +0.37
TRV The Travelers Cos Inc. New 0.37% +0.37
PGR Progressive Corp. New 0.37% +0.37
AIT Applied Industrial Tech Inc. New 0.36% +0.36
GGG Graco Inc. New 0.36% +0.36
ENSG The Ensign Group Inc. New 0.36% +0.36
AMP Ameriprise Financial Inc. New 0.35% +0.35
META Meta Platforms Inc. Class A New 0.34% +0.34
BRK.B Berkshire Hathaway Inc. Class B Add +7.6% 1.19% +0.15
RMD Resmed Inc. Add +13.8% 0.58% +0.09
XOM Exxon Mobil Corp. Add +9.7% 0.59% +0.08
ONEQ Fidelity Nasdaq Comp Indx New 0.07% +0.07
MU Micron Technology Inc. New 0.06% +0.06
WSM Williams-Sonoma Inc. New 0.05% +0.05
AAPL Apple Inc. Add +28.5% 1.58% +0.05
NTRS Northern Trust Corp. Add +12.7% 0.58% +0.04
CVX Chevron Corp. Add +14.3% 0.46% +0.04
ADI Analog Devices Inc. Add +16.1% 0.53% +0.02
JNJ Johnson & Johnson Add +14.8% 0.47% +0.02
ABT Abbott Laboratories Add +11.0% 0.51% +0.02
PG The Procter & Gamble Co. Add +0.8% 3.57% +0.01
TXN Texas Instruments Inc. Add +10.5% 0.62% +0.01
EOG EOG Resources Inc. Add +5.7% 0.44% +0.00
DSI iShares ESG MSCI KLD 400 ETF Add +1.2% 0.20% +0.00
VOO Vanguard S&P 500 ETF Add +0.6% 0.49% −0.00
NKE Nike Inc. Class B Add +25.1% 0.52% −0.01
BLK BlackRock Finance Inc. Add +4.8% 0.60% −0.02
UNH Unitedhealth Group Inc. Add +9.1% 0.60% −0.05
EXPD Expeditors Intl Wash Inc. Add +4.7% 0.64% −0.07
ADBE Adobe Inc. Add +3.5% 0.92% −0.25

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 124$643.4MRJF, IVV, QQQ, VIS, TBUX
Q1 2026 121$560.2MRJF, IVV, QQQ, VIS, TBUX
Q4 2025 111$554.6MRJF, IVV, QQQ, VIS, TCAF
Q3 2025 112$542.2MRJF, IVV, QQQ, VIS, PG
Q2 2025 98$484.9MRJF, IVV, QQQ, VIS, PG
Q1 2025 116$432.7MRJF, IVV, QQQ, VIS, PG
Q4 2024 93$480.0MRJF, IVV, QQQ, VIS, PG
Q3 2024 95$445.2MRJF, IVV, QQQ, PG, VIS
Q2 2024 104$429.0MRJF, IVV, QQQ, PG, VIS
Q1 2024Amended 105$421.2MRJF, IVV, QQQ, PG, VTI