Harfst & Associates, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Harfst & Associates, Inc. reported 116 stock positions worth $432.7 million. Its top holding was Raymond James Financial (RJF) at 33.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 14.1%) and Invesco QQQ Trust Series 1 (QQQ, 5.8%). Compared with Q4 2024, it opened 30 new positions, sold out of 7, added to 17 and reduced 59. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +3%) and the biggest sale Raymond James Financial (RJF, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- Sheridan, WY
- CIK
- 0001649147
- Portfolio Value
- $432.7M (Q1 2025)
- SEC Filing
- 0001172661-25-001731 ↗ filed May 13, 2025
Holdings Value
Holdings 116 stocks · $432.7M
| RJF Raymond James Financial Inc. | 33.42% | 1,040,956 | $144.6M | Reduce -7.6% |
| IVV iShares Core S&P 500 ETF | 14.06% | 108,241 | $60.8M | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 5.76% | 53,160 | $24.9M | Add +0.5% |
| VIS Vanguard Industrials ETF | 3.71% | 64,837 | $16.1M | Add +3.8% |
| PG The Procter & Gamble Co. | 3.59% | 91,181 | $15.5M | Reduce -1.6% |
| AAPL Apple Inc. | 1.97% | 38,302 | $8.5M | Reduce -0.7% |
| LAD Lithia Motors Inc. | 1.94% | 28,608 | $8.4M | Reduce -5.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.86% | 29,328 | $8.1M | Reduce -1.3% |
| NVDA Nvidia Corp. | 1.37% | 54,733 | $5.9M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.14% | 9,249 | $4.9M | Reduce -16.3% |
| MSFT Microsoft Corp. | 1.11% | 12,764 | $4.8M | Reduce -3.8% |
| COST Costco Wholesale Corp. | 0.98% | 4,484 | $4.2M | Reduce -2.3% |
| TCAF T Rowe PRC Cap Appreciation | 0.93% | 124,996 | $4.0M | Add +71.7% |
| V Visa Inc. Class A | 0.85% | 10,486 | $3.7M | Reduce -4.3% |
| AMZN Amazon.com Inc. | 0.83% | 18,764 | $3.6M | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 0.79% | 43,640 | $3.4M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 0.79% | 21,978 | $3.4M | Reduce -0.8% |
| CMI Cummins Inc. | 0.70% | 9,665 | $3.0M | Reduce -5.0% |
| XOM Exxon Mobil Corp. | 0.69% | 25,039 | $3.0M | Reduce -13.5% |
| ADBE Adobe Inc. | 0.69% | 7,748 | $3.0M | Add +1.1% |
| AIT Applied Industrial Tech Inc. | 0.68% | 12,988 | $2.9M | Reduce -4.8% |
| INTU Intuit Inc. | 0.64% | 4,488 | $2.8M | Add +0.3% |
| BLK BlackRock Inc. | 0.63% | 2,878 | $2.7M | Reduce -0.2% |
| NTRS Northern Trust Corp. | 0.63% | 27,548 | $2.7M | Reduce -1.6% |
| NOW ServiceNow Inc. | 0.62% | 3,361 | $2.7M | Reduce -3.6% |
| FAST Fastenal Co. | 0.61% | 33,960 | $2.6M | Reduce -9.4% |
| AMD Advanced Micro Devices | 0.60% | 25,447 | $2.6M | Reduce -0.8% |
| TXN Texas Instruments Inc. | 0.58% | 13,854 | $2.5M | Reduce -2.6% |
| PGR Progressive Corp. | 0.57% | 8,683 | $2.5M | Reduce -10.8% |
| AMAT Applied Materials Inc. | 0.56% | 16,624 | $2.4M | Reduce -1.8% |
| AMP Ameriprise Financial Inc. | 0.55% | 4,872 | $2.4M | Add +0.5% |
| META Meta Platforms Inc. Class A | 0.54% | 4,057 | $2.3M | Reduce -5.9% |
| VOO Vanguard S&P 500 ETF | 0.51% | 4,268 | $2.2M | No change |
| GGG Graco Inc. | 0.49% | 25,240 | $2.1M | Add +1.4% |
| CRM Salesforce Inc. | 0.48% | 7,716 | $2.1M | Add +1.7% |
| CVX Chevron Corp. | 0.47% | 12,221 | $2.0M | Reduce -1.1% |
| LRCX Lam Research Corp. | 0.46% | 27,423 | $2.0M | Add +2.1% |
| ODFL Old Dominion Freight Line | 0.45% | 11,722 | $1.9M | Add +5.0% |
| EOG EOG Resources Inc. | 0.45% | 15,071 | $1.9M | Add +1.9% |
| MPWR Monolithic Power Systems Inc. | 0.44% | 3,271 | $1.9M | Reduce -3.5% |
| JNJ Johnson & Johnson | 0.44% | 11,438 | $1.9M | Reduce -10.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.37% | 2 | $1.6M | New |
| SPLV Invesco S&P 500 Low Volatili | 0.31% | 18,188 | $1.4M | No change |
| SSD Simpson Manufacturing Co. Inc. | 0.28% | 7,831 | $1.2M | Reduce -50.0% |
| EXPD Expeditors Intl Wash Inc. | 0.28% | 10,207 | $1.2M | Reduce -52.3% |
| UFPI Ufp Industries Inc. | 0.28% | 11,276 | $1.2M | Reduce -52.4% |
| ADI Analog Devices Inc. | 0.26% | 5,528 | $1.1M | Reduce -55.2% |
| RMD Resmed Inc. | 0.25% | 4,899 | $1.1M | Reduce -58.1% |
| APH Amphenol Corp. Class A | 0.24% | 15,734 | $1.0M | New |
| TRV The Travelers Cos Inc. | 0.24% | 3,898 | $1.0M | Reduce -59.8% |
| AME Ametek Inc. | 0.23% | 5,722 | $985K | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.23% | 996 | $984K | Reduce -57.6% |
| MLM Martin Marietta Materials | 0.23% | 2,046 | $978K | New |
| CAT Caterpillar Inc. | 0.22% | 2,941 | $970K | No change |
| AOS Smith (a.o.) Corp. | 0.22% | 14,439 | $944K | Reduce -55.3% |
| ABT Abbott Laboratories | 0.21% | 6,973 | $925K | Reduce -63.1% |
| VXF Vanguard Extended Market ETF | 0.21% | 5,203 | $896K | Add +0.0% |
| TSLA Tesla Inc. | 0.21% | 3,454 | $895K | Reduce -6.9% |
| ENSG The Ensign Group Inc. | 0.21% | 6,867 | $889K | Reduce -59.2% |
| CPRT Copart Inc. | 0.20% | 15,512 | $878K | Add +256.6% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.20% | 3,012 | $868K | New |
| WST West Pharmaceutical Services | 0.19% | 3,732 | $836K | Reduce -51.1% |
| GNTX Gentex Corp. | 0.19% | 35,170 | $819K | Reduce -52.8% |
| IWF iShares Russell 1000 Growth | 0.18% | 2,181 | $788K | No change |
| WMT Walmart Inc. | 0.18% | 8,895 | $781K | New |
| DSI iShares ESG MSCI KLD 400 ETF | 0.18% | 7,494 | $767K | Reduce -2.0% |
| APO Apollo Global Management Inc. | 0.17% | 5,440 | $745K | New |
| EBAY eBay Inc. | 0.17% | 10,699 | $725K | New |
| NKE Nike Inc. Class B | 0.17% | 11,406 | $724K | Reduce -54.9% |
| GE General Electric filed as GE AEROSPACE | 0.17% | 3,606 | $722K | New |
| AFL Aflac Inc. | 0.17% | 6,458 | $718K | New |
| NFLX Netflix Inc. | 0.16% | 752 | $701K | New |
| CTAS Cintas Corp. | 0.16% | 3,394 | $698K | New |
| DHR Danaher Corp. | 0.16% | 3,298 | $676K | New |
| DPZ Domino's Pizza Inc. | 0.16% | 1,465 | $673K | New |
| PSX Phillips 66 | 0.16% | 5,449 | $673K | New |
| WM Waste Management Inc. | 0.16% | 2,906 | $673K | New |
| ISRG Intuitive Surgical Inc. | 0.16% | 1,356 | $672K | New |
| MS Morgan Stanley | 0.15% | 5,636 | $658K | New |
| SCHM Schwab US Mid Cap ETF | 0.15% | 25,043 | $656K | Reduce -0.5% |
| DOV Dover Corp. | 0.15% | 3,724 | $654K | New |
| HUBB Hubbell Inc. | 0.15% | 1,976 | $654K | New |
| J Jacobs Solutions Inc. | 0.15% | 5,359 | $648K | New |
| NTAP Netapp Inc. | 0.15% | 7,234 | $635K | New |
| KLAC KLA Corp. | 0.14% | 919 | $625K | New |
| TT Trane Technologies PLC | 0.14% | 1,851 | $624K | New |
| MCD McDonald's Corp. | 0.14% | 1,987 | $621K | New |
| SPGI S&P Global Inc. | 0.14% | 1,217 | $618K | New |
| IBKR Interactive Brokers Gro Class A | 0.14% | 3,667 | $607K | New |
| PCAR Paccar Inc. | 0.14% | 6,224 | $606K | New |
| TMO Thermo Fisher Scientific Inc. | 0.14% | 1,209 | $602K | New |
| ABBV Abbvie Inc. | 0.13% | 2,641 | $553K | No change |
| ICE Intercontinental Exchange Inc. | 0.12% | 2,934 | $506K | Reduce -23.7% |
| CSCO Cisco Systems Inc. | 0.09% | 6,413 | $396K | Reduce -12.0% |
| UNH Unitedhealth Group Inc. | 0.08% | 701 | $367K | Reduce -13.3% |
| SDY SS SPDR S&P Dividend ETF | 0.08% | 2,695 | $366K | Reduce -8.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.08% | 2,096 | $362K | Add +31.0% |
| ELV Elevance Health Inc. | 0.08% | 803 | $349K | Reduce -12.1% |
| MET Metlife Inc. | 0.08% | 4,318 | $347K | Reduce -15.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 588 | $329K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| RJF Raymond James Financial Inc. | Reduce -7.6% | 33.42% | −3.02 |
| BARNES GROUP INC | Sold out | 0.00% | −1.09 |
| WST West Pharmaceutical Services | Reduce -51.1% | 0.19% | −0.33 |
| LAD Lithia Motors Inc. | Reduce -5.7% | 1.94% | −0.32 |
| RMD Resmed Inc. | Reduce -58.1% | 0.25% | −0.30 |
| GWW WW Grainger Inc. | Reduce -57.6% | 0.23% | −0.29 |
| ADI Analog Devices Inc. | Reduce -55.2% | 0.26% | −0.29 |
| UFPI Ufp Industries Inc. | Reduce -52.4% | 0.28% | −0.28 |
| ENSG The Ensign Group Inc. | Reduce -59.2% | 0.21% | −0.26 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -50.0% | 0.28% | −0.26 |
| GNTX Gentex Corp. | Reduce -52.8% | 0.19% | −0.26 |
| TRV The Travelers Cos Inc. | Reduce -59.8% | 0.24% | −0.25 |
| AOS Smith (a.o.) Corp. | Reduce -55.3% | 0.22% | −0.24 |
| ABT Abbott Laboratories | Reduce -63.1% | 0.21% | −0.23 |
| NKE Nike Inc. Class B | Reduce -54.9% | 0.17% | −0.23 |
| EXPD Expeditors Intl Wash Inc. | Reduce -52.3% | 0.28% | −0.21 |
| NVDA Nvidia Corp. | Reduce -1.5% | 1.37% | −0.18 |
| NOW ServiceNow Inc. | Reduce -3.6% | 0.62% | −0.15 |
| TSLA Tesla Inc. | Reduce -6.9% | 0.21% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.79% | −0.09 |
| MSFT Microsoft Corp. | Reduce -3.8% | 1.11% | −0.06 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -1.9% | 0.83% | −0.05 |
| COLM Columbia Sportswear Co. | Sold out | 0.00% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.05 |
| AAPL Apple Inc. | Reduce -0.7% | 1.97% | −0.05 |
| DLB Dolby Laboratories Inc. Class A | Sold out | 0.00% | −0.04 |
| LFUS Littelfuse Inc. | Sold out | 0.00% | −0.04 |
| IWV iShares Russell 3000 ETF | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Reduce -0.8% | 0.60% | −0.04 |
| CMI Cummins Inc. | Reduce -5.0% | 0.70% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -1.8% | 0.56% | −0.02 |
| ACN Accenture PLC Class A | Reduce -14.0% | 0.07% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -11.9% | 0.07% | −0.01 |
| HON Honeywell International Inc. | Reduce -14.1% | 0.07% | −0.01 |
| MET Metlife Inc. | Reduce -15.0% | 0.08% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -14.9% | 0.07% | −0.00 |
| AIT Applied Industrial Tech Inc. | Reduce -4.8% | 0.68% | −0.00 |
| SUSA iShares ESG Optimized MSCI U | Reduce -10.6% | 0.05% | −0.00 |
| ICE Intercontinental Exchange Inc. | Reduce -23.7% | 0.12% | −0.00 |
| APD Air Products & Chemicals Inc. | Reduce -13.7% | 0.07% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -13.3% | 0.08% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -12.0% | 0.09% | +0.00 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -2.0% | 0.18% | +0.00 |
| BAC Bank of America Corp. | Reduce -0.9% | 0.05% | +0.00 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 0.07% | +0.00 |
| MDT Medtronic PLC | Reduce -15.5% | 0.05% | +0.00 |
| SDY SS SPDR S&P Dividend ETF | Reduce -8.8% | 0.08% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.5% | 0.15% | +0.01 |
| ELV Elevance Health Inc. | Reduce -12.1% | 0.08% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Add +2.7% | 14.06% | +1.13 |
| TCAF T Rowe PRC Cap Appreciation | Add +71.7% | 0.93% | +0.43 |
| VIS Vanguard Industrials ETF | Add +3.8% | 3.71% | +0.40 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.37% | +0.37 |
| APH Amphenol Corp. Class A | New | 0.24% | +0.24 |
| AME Ametek Inc. | New | 0.23% | +0.23 |
| MLM Martin Marietta Materials | New | 0.23% | +0.23 |
| MSTR Strategy Inc. | New | 0.20% | +0.20 |
| WMT Walmart Inc. | New | 0.18% | +0.18 |
| APO Apollo Global Management Inc. | New | 0.17% | +0.17 |
| EBAY eBay Inc. | New | 0.17% | +0.17 |
| GE General Electric | New | 0.17% | +0.17 |
| AFL Aflac Inc. | New | 0.17% | +0.17 |
| NFLX Netflix Inc. | New | 0.16% | +0.16 |
| CTAS Cintas Corp. | New | 0.16% | +0.16 |
| DHR Danaher Corp. | New | 0.16% | +0.16 |
| DPZ Domino's Pizza Inc. | New | 0.16% | +0.16 |
| PSX Phillips 66 | New | 0.16% | +0.16 |
| WM Waste Management Inc. | New | 0.16% | +0.16 |
| ISRG Intuitive Surgical Inc. | New | 0.16% | +0.16 |
| MS Morgan Stanley | New | 0.15% | +0.15 |
| DOV Dover Corp. | New | 0.15% | +0.15 |
| HUBB Hubbell Inc. | New | 0.15% | +0.15 |
| CPRT Copart Inc. | Add +256.6% | 0.20% | +0.15 |
| J Jacobs Solutions Inc. | New | 0.15% | +0.15 |
| NTAP Netapp Inc. | New | 0.15% | +0.15 |
| KLAC KLA Corp. | New | 0.14% | +0.14 |
| TT Trane Technologies PLC | New | 0.14% | +0.14 |
| MCD McDonald's Corp. | New | 0.14% | +0.14 |
| SPGI S&P Global Inc. | New | 0.14% | +0.14 |
| IBKR Interactive Brokers Gro Class A | New | 0.14% | +0.14 |
| PCAR Paccar Inc. | New | 0.14% | +0.14 |
| TMO Thermo Fisher Scientific Inc. | New | 0.14% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 5.76% | +0.12 |
| EOG EOG Resources Inc. | Add +1.9% | 0.45% | +0.07 |
| VMC Vulcan Materials Co. | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | Add +2.1% | 0.46% | +0.06 |
| INTU Intuit Inc. | Add +0.3% | 0.64% | +0.05 |
| GGG Graco Inc. | Add +1.4% | 0.49% | +0.05 |
| ODFL Old Dominion Freight Line | Add +5.0% | 0.45% | +0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +31.0% | 0.08% | +0.03 |
| PM Philip Morris International | Add +1.1% | 0.07% | +0.02 |
| AMP Ameriprise Financial Inc. | Add +0.5% | 0.55% | +0.01 |
| VXF Vanguard Extended Market ETF | Add +0.0% | 0.21% | +0.00 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +0.7% | 0.07% | 0.00 |
| ADBE Adobe Inc. | Add +1.1% | 0.69% | −0.02 |
| CRM Salesforce Inc. | Add +1.7% | 0.48% | −0.05 |
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 |