Harfst & Associates, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Harfst & Associates, Inc. reported 93 stock positions worth $480.0 million. Its top holding was Raymond James Financial (RJF) at 36.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 12.9%) and Invesco QQQ Trust Series 1 (QQQ, 5.6%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 33 and reduced 50. The biggest buy was T Rowe PRC Cap Appreciation (TCAF, shares +287%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Sheridan, WY
- CIK
- 0001649147
- Portfolio Value
- $480.0M (Q4 2024)
- SEC Filing
- 0001172661-25-000496 ↗ filed Feb 5, 2025
Holdings Value
Holdings 93 stocks · $480.0M
| RJF Raymond James Financial Inc. | 36.44% | 1,126,208 | $174.9M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 12.93% | 105,440 | $62.1M | Reduce -0.9% |
| QQQ Invesco QQQ Trust Series 1 | 5.64% | 52,923 | $27.1M | Reduce -1.9% |
| VIS Vanguard Industrials ETF | 3.31% | 62,491 | $15.9M | Add +3.2% |
| PG The Procter & Gamble Co. | 3.23% | 92,617 | $15.5M | Reduce -0.1% |
| LAD Lithia Motors Inc. | 2.26% | 30,323 | $10.8M | Reduce -12.8% |
| AAPL Apple Inc. | 2.01% | 38,560 | $9.7M | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.79% | 29,703 | $8.6M | Reduce -0.3% |
| NVDA Nvidia Corp. | 1.55% | 55,567 | $7.5M | Reduce -8.3% |
| MSFT Microsoft Corp. | 1.16% | 13,266 | $5.6M | Reduce -1.1% |
| BARNES GROUP INC | 1.09% | 110,884 | $5.2M | Reduce -14.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.04% | 11,043 | $5.0M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.88% | 4,588 | $4.2M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 0.87% | 19,130 | $4.2M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 0.87% | 22,161 | $4.2M | Reduce -2.1% |
| NOW ServiceNow Inc. | 0.77% | 3,486 | $3.7M | Add +31.9% |
| CMI Cummins Inc. | 0.74% | 10,175 | $3.5M | Add +27.4% |
| V Visa Inc. Class A | 0.72% | 10,958 | $3.5M | Reduce -0.0% |
| ADBE Adobe Inc. | 0.71% | 7,665 | $3.4M | Add +1.8% |
| SCHW Schwab (charles) Corp. | 0.68% | 44,171 | $3.3M | Reduce -5.0% |
| AIT Applied Industrial Tech Inc. | 0.68% | 13,635 | $3.3M | Add +37.7% |
| XOM Exxon Mobil Corp. | 0.65% | 28,947 | $3.1M | Add +35.3% |
| AMD Advanced Micro Devices | 0.65% | 25,652 | $3.1M | Add +44.8% |
| BLK BlackRock Inc. | 0.62% | 2,885 | $3.0M | Reduce -2.4% |
| NTRS Northern Trust Corp. | 0.60% | 27,998 | $2.9M | Add +0.7% |
| INTU Intuit Inc. | 0.59% | 4,475 | $2.8M | Add +0.8% |
| AMAT Applied Materials Inc. | 0.57% | 16,921 | $2.8M | Add +0.1% |
| FAST Fastenal Co. | 0.56% | 37,496 | $2.7M | Add +1.9% |
| RMD Resmed Inc. | 0.56% | 11,701 | $2.7M | Reduce -1.7% |
| TXN Texas Instruments Inc. | 0.56% | 14,227 | $2.7M | Reduce -1.2% |
| UFPI Ufp Industries Inc. | 0.56% | 23,677 | $2.7M | Reduce -0.0% |
| ADI Analog Devices Inc. | 0.55% | 12,337 | $2.6M | Add +1.0% |
| SSD Simpson Manufacturing Co. Inc. | 0.54% | 15,666 | $2.6M | Add +2.2% |
| AMP Ameriprise Financial Inc. | 0.54% | 4,846 | $2.6M | Add +5.9% |
| CRM Salesforce Inc. | 0.53% | 7,589 | $2.5M | Add +7.0% |
| META Meta Platforms Inc. Class A | 0.53% | 4,313 | $2.5M | Add +13.1% |
| WST West Pharmaceutical Services | 0.52% | 7,640 | $2.5M | Add +2.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.52% | 2,350 | $2.5M | Add +4.6% |
| TCAF T Rowe PRC Cap Appreciation | 0.50% | 72,821 | $2.4M | Add +286.6% |
| EXPD Expeditors Intl Wash Inc. | 0.49% | 21,385 | $2.4M | Reduce -1.4% |
| TRV The Travelers Cos Inc. | 0.49% | 9,691 | $2.3M | Add +8.7% |
| PGR Progressive Corp. | 0.49% | 9,730 | $2.3M | Add +8.7% |
| VOO Vanguard S&P 500 ETF | 0.48% | 4,268 | $2.3M | Add +0.3% |
| ENSG The Ensign Group Inc. | 0.47% | 16,821 | $2.2M | Add +11.6% |
| AOS Smith (a.o.) Corp. | 0.46% | 32,265 | $2.2M | Add +11.4% |
| GNTX Gentex Corp. | 0.45% | 74,536 | $2.1M | Add +3.8% |
| ABT Abbott Laboratories | 0.45% | 18,899 | $2.1M | Reduce -1.1% |
| GGG Graco Inc. | 0.44% | 24,893 | $2.1M | Add +9.9% |
| MPWR Monolithic Power Systems Inc. | 0.42% | 3,388 | $2.0M | Add +20.6% |
| ODFL Old Dominion Freight Line | 0.41% | 11,160 | $2.0M | Add +14.5% |
| LRCX Lam Research Corp. | 0.40% | 26,853 | $1.9M | Add +17.3% |
| NKE Nike Inc. Class B | 0.40% | 25,281 | $1.9M | Add +0.8% |
| JNJ Johnson & Johnson | 0.39% | 12,818 | $1.9M | Reduce -0.4% |
| EOG EOG Resources Inc. | 0.38% | 14,789 | $1.8M | Add +0.7% |
| CVX Chevron Corp. | 0.37% | 12,359 | $1.8M | Add +0.1% |
| TSLA Tesla Inc. | 0.31% | 3,711 | $1.5M | Reduce -10.6% |
| SPLV Invesco S&P 500 Low Volatili | 0.27% | 18,188 | $1.3M | Reduce -0.5% |
| CAT Caterpillar Inc. | 0.22% | 2,941 | $1.1M | No change |
| VXF Vanguard Extended Market ETF | 0.21% | 5,201 | $988K | Reduce -0.7% |
| IWF iShares Russell 1000 Growth | 0.18% | 2,181 | $876K | Reduce -1.1% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.18% | 7,644 | $843K | Reduce -1.6% |
| SCHM Schwab US Mid Cap ETF | 0.15% | 25,176 | $698K | Reduce -0.8% |
| ICE Intercontinental Exchange Inc. | 0.12% | 3,846 | $573K | Reduce -30.3% |
| ABBV Abbvie Inc. | 0.10% | 2,641 | $469K | No change |
| CSCO Cisco Systems Inc. | 0.09% | 7,291 | $432K | Reduce -35.1% |
| MET Metlife Inc. | 0.09% | 5,081 | $416K | Reduce -36.7% |
| UNH Unitedhealth Group Inc. | 0.09% | 809 | $409K | Reduce -84.0% |
| ACN Accenture PLC Class A | 0.08% | 1,133 | $399K | Reduce -19.5% |
| SDY SS SPDR S&P Dividend ETF | 0.08% | 2,955 | $390K | No change |
| HON Honeywell International Inc. | 0.08% | 1,606 | $363K | Reduce -34.9% |
| MRK Merck & Co. Inc. | 0.07% | 3,563 | $354K | Reduce -34.9% |
| APD Air Products & Chemicals Inc. | 0.07% | 1,209 | $351K | Reduce -36.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 588 | $345K | No change |
| ONEQ Fidelity Nasdaq Comp Indx | 0.07% | 4,471 | $340K | Add +0.4% |
| ELV Elevance Health Inc. | 0.07% | 913 | $337K | Reduce -81.3% |
| QCOM Qualcomm Inc. | 0.07% | 2,153 | $331K | Reduce -40.9% |
| LOW Lowe's Cos Inc. | 0.07% | 1,318 | $325K | Reduce -22.7% |
| PEP Pepsico Inc. | 0.06% | 1,790 | $272K | Reduce -5.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 1,600 | $271K | No change |
| CI The Cigna Group | 0.05% | 951 | $263K | Reduce -83.3% |
| SUSA iShares ESG Optimized MSCI U | 0.05% | 2,116 | $257K | Reduce -5.6% |
| MELI MercadoLibre Inc. | 0.05% | 150 | $255K | No change |
| CPRT Copart Inc. | 0.05% | 4,350 | $250K | Reduce -27.7% |
| GOOG Alphabet Inc. Class C | 0.05% | 1,295 | $247K | Reduce -14.8% |
| COLM Columbia Sportswear Co. | 0.05% | 2,791 | $234K | Reduce -46.2% |
| PPG PPG Industries Inc. | 0.05% | 1,949 | $233K | Reduce -14.0% |
| MDT Medtronic PLC | 0.05% | 2,890 | $231K | Reduce -39.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 1,125 | $222K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.05% | 5,046 | $222K | New |
| DLB Dolby Laboratories Inc. Class A | 0.04% | 2,738 | $214K | Reduce -45.6% |
| LFUS Littelfuse Inc. | 0.04% | 898 | $212K | Reduce -45.0% |
| PM Philip Morris International | 0.04% | 1,751 | $211K | No change |
| IWV iShares Russell 3000 ETF | 0.04% | 611 | $204K | New |
Portfolio Sells Q3 2024 → Q4 2024
| IVV iShares Core S&P 500 ETF | Reduce -0.9% | 12.93% | −0.86 |
| UNH Unitedhealth Group Inc. | Reduce -84.0% | 0.09% | −0.58 |
| ELV Elevance Health Inc. | Reduce -81.3% | 0.07% | −0.50 |
| CI The Cigna Group | Reduce -83.3% | 0.05% | −0.39 |
| PG The Procter & Gamble Co. | Reduce -0.1% | 3.23% | −0.37 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.9% | 5.64% | −0.27 |
| LAD Lithia Motors Inc. | Reduce -12.8% | 2.26% | −0.22 |
| EXPD Expeditors Intl Wash Inc. | Reduce -1.4% | 0.49% | −0.15 |
| UFPI Ufp Industries Inc. | Reduce -0.0% | 0.56% | −0.14 |
| MSFT Microsoft Corp. | Reduce -1.1% | 1.16% | −0.13 |
| TXN Texas Instruments Inc. | Reduce -1.2% | 0.56% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 1.04% | −0.11 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.3% | 1.79% | −0.10 |
| NVDA Nvidia Corp. | Reduce -8.3% | 1.55% | −0.10 |
| RMD Resmed Inc. | Reduce -1.7% | 0.56% | −0.10 |
| BARNES GROUP INC | Reduce -14.5% | 1.09% | −0.09 |
| JNJ Johnson & Johnson | Reduce -0.4% | 0.39% | −0.08 |
| ICE Intercontinental Exchange Inc. | Reduce -30.3% | 0.12% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -40.9% | 0.07% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -34.9% | 0.07% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -2.7% | 0.88% | −0.06 |
| DE Deere & Co. | Sold out | 0.00% | −0.06 |
| MET Metlife Inc. | Reduce -36.7% | 0.09% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -36.1% | 0.07% | −0.05 |
| LFUS Littelfuse Inc. | Reduce -45.0% | 0.04% | −0.05 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.05 |
| MDT Medtronic PLC | Reduce -39.8% | 0.05% | −0.05 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.05 |
| COLM Columbia Sportswear Co. | Reduce -46.2% | 0.05% | −0.05 |
| ECL Ecolab Inc. | Sold out | 0.00% | −0.05 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -35.1% | 0.09% | −0.04 |
| ABT Abbott Laboratories | Reduce -1.1% | 0.45% | −0.04 |
| DLB Dolby Laboratories Inc. Class A | Reduce -45.6% | 0.04% | −0.04 |
| HON Honeywell International Inc. | Reduce -34.9% | 0.08% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -22.7% | 0.07% | −0.04 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -0.5% | 0.27% | −0.03 |
| ACN Accenture PLC Class A | Reduce -19.5% | 0.08% | −0.03 |
| PPG PPG Industries Inc. | Reduce -14.0% | 0.05% | −0.02 |
| CPRT Copart Inc. | Reduce -27.7% | 0.05% | −0.02 |
| PEP Pepsico Inc. | Reduce -5.0% | 0.06% | −0.02 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -1.6% | 0.18% | −0.01 |
| BLK BlackRock Inc. | Reduce -2.4% | 0.62% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.8% | 0.15% | −0.01 |
| VXF Vanguard Extended Market ETF | Reduce -0.7% | 0.21% | −0.01 |
| SUSA iShares ESG Optimized MSCI U | Reduce -5.6% | 0.05% | −0.01 |
| AAPL Apple Inc. | Reduce -0.0% | 2.01% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -14.8% | 0.05% | −0.01 |
| IWF iShares Russell 1000 Growth | Reduce -1.1% | 0.18% | −0.00 |
| SCHW Schwab (charles) Corp. | Reduce -5.0% | 0.68% | +0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| TCAF T Rowe PRC Cap Appreciation | Add +286.6% | 0.50% | +0.36 |
| NOW ServiceNow Inc. | Add +31.9% | 0.77% | +0.24 |
| AIT Applied Industrial Tech Inc. | Add +37.7% | 0.68% | +0.18 |
| CMI Cummins Inc. | Add +27.4% | 0.74% | +0.16 |
| CRM Salesforce Inc. | Add +7.0% | 0.53% | +0.09 |
| XOM Exxon Mobil Corp. | Add +35.3% | 0.65% | +0.09 |
| AMP Ameriprise Financial Inc. | Add +5.9% | 0.54% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | New | 0.05% | +0.05 |
| IWV iShares Russell 3000 ETF | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | Add +13.1% | 0.53% | +0.04 |
| NTRS Northern Trust Corp. | Add +0.7% | 0.60% | +0.04 |
| TRV The Travelers Cos Inc. | Add +8.7% | 0.49% | +0.02 |
| WST West Pharmaceutical Services | Add +2.1% | 0.52% | +0.02 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +0.4% | 0.07% | −0.00 |
| AMD Advanced Micro Devices | Add +44.8% | 0.65% | −0.01 |
| GGG Graco Inc. | Add +9.9% | 0.44% | −0.01 |
| GWW WW Grainger Inc. | Add +4.6% | 0.52% | −0.01 |
| LRCX Lam Research Corp. | Add +17.3% | 0.40% | −0.02 |
| ENSG The Ensign Group Inc. | Add +11.6% | 0.47% | −0.02 |
| PGR Progressive Corp. | Add +8.7% | 0.49% | −0.02 |
| ODFL Old Dominion Freight Line | Add +14.5% | 0.41% | −0.02 |
| VOO Vanguard S&P 500 ETF | Add +0.3% | 0.48% | −0.03 |
| EOG EOG Resources Inc. | Add +0.7% | 0.38% | −0.03 |
| FAST Fastenal Co. | Add +1.9% | 0.56% | −0.03 |
| GNTX Gentex Corp. | Add +3.8% | 0.45% | −0.03 |
| INTU Intuit Inc. | Add +0.8% | 0.59% | −0.03 |
| CVX Chevron Corp. | Add +0.1% | 0.37% | −0.04 |
| ADI Analog Devices Inc. | Add +1.0% | 0.55% | −0.09 |
| NKE Nike Inc. Class B | Add +0.8% | 0.40% | −0.10 |
| SSD Simpson Manufacturing Co. Inc. | Add +2.2% | 0.54% | −0.12 |
| AOS Smith (a.o.) Corp. | Add +11.4% | 0.46% | −0.13 |
| ADBE Adobe Inc. | Add +1.8% | 0.71% | −0.17 |
| MPWR Monolithic Power Systems Inc. | Add +20.6% | 0.42% | −0.17 |
| AMAT Applied Materials Inc. | Add +0.1% | 0.57% | −0.19 |
| VIS Vanguard Industrials ETF | Add +3.2% | 3.31% | −0.22 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 124 | $643.4M | RJF, IVV, QQQ, VIS, TBUX |
| Q1 2026 | 121 | $560.2M | RJF, IVV, QQQ, VIS, TBUX |
| Q4 2025 | 111 | $554.6M | RJF, IVV, QQQ, VIS, TCAF |
| Q3 2025 | 112 | $542.2M | RJF, IVV, QQQ, VIS, PG |
| Q2 2025 | 98 | $484.9M | RJF, IVV, QQQ, VIS, PG |
| Q1 2025 | 116 | $432.7M | RJF, IVV, QQQ, VIS, PG |
| Q4 2024 | 93 | $480.0M | RJF, IVV, QQQ, VIS, PG |
| Q3 2024 | 95 | $445.2M | RJF, IVV, QQQ, PG, VIS |
| Q2 2024 | 104 | $429.0M | RJF, IVV, QQQ, PG, VIS |
| Q1 2024Amended | 105 | $421.2M | RJF, IVV, QQQ, PG, VTI |