Harfst & Associates, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Harfst & Associates, Inc. reported 98 stock positions worth $484.9 million. Its top holding was Raymond James Financial (RJF) at 32.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 13.6%) and Invesco QQQ Trust Series 1 (QQQ, 6.0%). Compared with Q1 2025, it opened 5 new positions, sold out of 23, added to 38 and reduced 46. The biggest buy was T Rowe PRC Cap Appreciation (TCAF, shares +148%) and the biggest sale Raymond James Financial (RJF, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Sheridan, WY
- CIK
- 0001649147
- Portfolio Value
- $484.9M (Q2 2025)
- SEC Filing
- 0001172661-25-003091 ↗ filed Aug 13, 2025
Holdings Value
Holdings 98 stocks · $484.9M
| RJF Raymond James Financial Inc. | 32.81% | 1,037,455 | $159.1M | Reduce -0.3% |
| IVV iShares Core S&P 500 ETF | 13.65% | 106,594 | $66.2M | Reduce -1.5% |
| QQQ Invesco QQQ Trust Series 1 | 6.00% | 52,771 | $29.1M | Reduce -0.7% |
| VIS Vanguard Industrials ETF | 3.86% | 66,835 | $18.7M | Add +3.1% |
| PG The Procter & Gamble Co. | 2.98% | 90,803 | $14.5M | Reduce -0.4% |
| TCAF T Rowe PRC Cap Appreciation | 2.26% | 310,372 | $10.9M | Add +148.3% |
| LAD Lithia Motors Inc. | 1.95% | 27,963 | $9.4M | Reduce -2.3% |
| VTI VG Morningstar TS MKT ETF-US | 1.83% | 29,238 | $8.9M | Reduce -0.3% |
| AAPL Apple Inc. | 1.53% | 36,175 | $7.4M | Reduce -5.5% |
| NVDA Nvidia Corp. | 1.27% | 38,883 | $6.1M | Reduce -29.0% |
| MSFT Microsoft Corp. | 1.26% | 12,292 | $6.1M | Reduce -3.7% |
| VXF Vanguard Extended Market ETF | 0.91% | 22,895 | $4.4M | Add +340.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 8,620 | $4.2M | Reduce -6.8% |
| AMZN Amazon.com Inc. | 0.76% | 16,842 | $3.7M | Reduce -10.2% |
| COST Costco Wholesale Corp. | 0.75% | 3,688 | $3.7M | Reduce -17.8% |
| AMD Advanced Micro Devices | 0.71% | 24,227 | $3.4M | Reduce -4.8% |
| GOOGL Alphabet Inc. Class A | 0.70% | 19,158 | $3.4M | Reduce -12.8% |
| V Visa Inc. Class A | 0.65% | 8,893 | $3.2M | Reduce -15.2% |
| SCHW Schwab (charles) Corp. | 0.63% | 33,617 | $3.1M | Reduce -23.0% |
| ADBE Adobe Inc. | 0.63% | 7,887 | $3.1M | Add +1.8% |
| NTRS Northern Trust Corp. | 0.62% | 23,800 | $3.0M | Reduce -13.6% |
| INTU Intuit Inc. | 0.61% | 3,765 | $3.0M | Reduce -16.1% |
| AMAT Applied Materials Inc. | 0.59% | 15,591 | $2.9M | Reduce -6.2% |
| NOW ServiceNow Inc. | 0.56% | 2,642 | $2.7M | Reduce -21.4% |
| FAST Fastenal Co. | 0.55% | 63,464 | $2.7M | Reduce -6.6% |
| BLK BlackRock Inc. | 0.55% | 2,538 | $2.7M | Reduce -11.8% |
| TXN Texas Instruments Inc. | 0.54% | 12,708 | $2.6M | Reduce -8.3% |
| LRCX Lam Research Corp. | 0.54% | 26,662 | $2.6M | Reduce -2.8% |
| META Meta Platforms Inc. Class A | 0.53% | 3,468 | $2.6M | Reduce -14.5% |
| MPWR Monolithic Power Systems Inc. | 0.52% | 3,436 | $2.5M | Add +5.0% |
| CMI Cummins Inc. | 0.51% | 7,584 | $2.5M | Reduce -21.5% |
| XOM Exxon Mobil Corp. | 0.49% | 22,053 | $2.4M | Reduce -11.9% |
| AIT Applied Industrial Tech Inc. | 0.48% | 10,111 | $2.4M | Reduce -22.1% |
| AMP Ameriprise Financial Inc. | 0.48% | 4,380 | $2.3M | Reduce -10.1% |
| VOO Vanguard S&P 500 ETF | 0.48% | 4,094 | $2.3M | Reduce -4.1% |
| APH Amphenol Corp. Class A | 0.47% | 22,976 | $2.3M | Add +46.0% |
| NFLX Netflix Inc. | 0.45% | 1,633 | $2.2M | Add +117.2% |
| CRM Salesforce Inc. | 0.44% | 7,746 | $2.1M | Add +0.4% |
| GGG Graco Inc. | 0.42% | 23,810 | $2.0M | Reduce -5.7% |
| KLAC KLA Corp. | 0.42% | 2,272 | $2.0M | Add +147.2% |
| PGR Progressive Corp. | 0.42% | 7,562 | $2.0M | Reduce -12.9% |
| ODFL Old Dominion Freight Line | 0.41% | 12,120 | $2.0M | Add +3.4% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.40% | 4,800 | $1.9M | Add +59.4% |
| GE General Electric filed as GE AEROSPACE | 0.39% | 7,411 | $1.9M | Add +105.5% |
| IBKR Interactive Brokers Gro Class A | 0.38% | 33,474 | $1.9M | Add +128.2% |
| MS Morgan Stanley | 0.38% | 13,053 | $1.8M | Add +131.6% |
| WMT Walmart Inc. | 0.37% | 18,413 | $1.8M | Add +107.0% |
| NTAP Netapp Inc. | 0.36% | 16,453 | $1.8M | Add +127.4% |
| HUBB Hubbell Inc. | 0.36% | 4,286 | $1.8M | Add +116.9% |
| CTAS Cintas Corp. | 0.36% | 7,805 | $1.7M | Add +130.0% |
| TT Trane Technologies PLC | 0.36% | 3,964 | $1.7M | Add +114.2% |
| AFL Aflac Inc. | 0.36% | 16,355 | $1.7M | Add +153.3% |
| AME Ametek Inc. | 0.36% | 9,528 | $1.7M | Add +66.5% |
| MLM Martin Marietta Materials | 0.35% | 3,096 | $1.7M | Add +51.3% |
| JNJ Johnson & Johnson | 0.35% | 11,108 | $1.7M | Reduce -2.9% |
| VMC Vulcan Materials Co. | 0.34% | 6,378 | $1.7M | Add +470.5% |
| EBAY eBay Inc. | 0.34% | 22,284 | $1.7M | Add +108.3% |
| J Jacobs Solutions Inc. | 0.34% | 12,552 | $1.6M | Add +134.2% |
| ISRG Intuitive Surgical Inc. | 0.34% | 3,019 | $1.6M | Add +122.6% |
| EOG EOG Resources Inc. | 0.34% | 13,711 | $1.6M | Reduce -9.0% |
| DOV Dover Corp. | 0.33% | 8,808 | $1.6M | Add +136.5% |
| DPZ Domino's Pizza Inc. | 0.33% | 3,565 | $1.6M | Add +143.3% |
| CPRT Copart Inc. | 0.33% | 32,730 | $1.6M | Add +111.0% |
| APO Apollo Global Management Inc. | 0.33% | 11,212 | $1.6M | Add +106.1% |
| DHR Danaher Corp. | 0.33% | 8,010 | $1.6M | Add +142.9% |
| CVX Chevron Corp. | 0.32% | 10,912 | $1.6M | Reduce -10.7% |
| SPGI S&P Global Inc. | 0.32% | 2,944 | $1.6M | Add +141.9% |
| TSLA Tesla Inc. | 0.32% | 4,848 | $1.5M | Add +40.4% |
| PCAR Paccar Inc. | 0.31% | 16,052 | $1.5M | Add +157.9% |
| WM Waste Management Inc. | 0.31% | 6,547 | $1.5M | Add +125.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.30% | 2 | $1.5M | No change |
| TMO Thermo Fisher Scientific Inc. | 0.29% | 3,430 | $1.4M | Add +183.7% |
| SPLV Invesco S&P 500 Low Volatili | 0.26% | 17,503 | $1.3M | Reduce -3.8% |
| PSX Phillips 66 | 0.24% | 9,670 | $1.2M | Add +77.5% |
| MCD McDonald's Corp. | 0.24% | 3,932 | $1.1M | Add +97.9% |
| CAT Caterpillar Inc. | 0.24% | 2,941 | $1.1M | No change |
| IWF iShares Russell 1000 Growth | 0.19% | 2,119 | $900K | Reduce -2.8% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.18% | 7,395 | $859K | Reduce -1.3% |
| SCHM Schwab US Mid Cap ETF | 0.14% | 24,986 | $701K | Reduce -0.2% |
| ABBV Abbvie Inc. | 0.10% | 2,631 | $488K | Reduce -0.4% |
| ABT Abbott Laboratories | 0.09% | 3,217 | $438K | Reduce -53.9% |
| MELI MercadoLibre Inc. | 0.08% | 150 | $392K | No change |
| SDY SS SPDR S&P Dividend ETF | 0.08% | 2,695 | $366K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 588 | $363K | No change |
| PM Philip Morris International | 0.07% | 1,771 | $323K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.06% | 1,770 | $313K | Reduce -15.6% |
| ICE Intercontinental Exchange Inc. | 0.06% | 1,545 | $283K | Reduce -47.3% |
| LOW Lowe's Cos Inc. | 0.06% | 1,251 | $278K | Reduce -3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 1,125 | $255K | New |
| SUSA iShares ESG Optimized MSCI U | 0.05% | 1,891 | $240K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.05% | 5,002 | $237K | No change |
| PEP Pepsico Inc. | 0.05% | 1,785 | $236K | Reduce -0.3% |
| IDEV iShares Core MSCI Dev MKTS | 0.05% | 2,975 | $226K | New |
| GOOG Alphabet Inc. Class C | 0.05% | 1,255 | $223K | New |
| EXPD Expeditors Intl Wash Inc. | 0.05% | 1,947 | $222K | Reduce -80.9% |
| PPG PPG Industries Inc. | 0.05% | 1,949 | $222K | No change |
| ORCL Oracle Corp. | 0.04% | 985 | $215K | New |
| IWP iShares Russell Mid-Cap Grow | 0.04% | 1,475 | $205K | New |
Portfolio Sells Q1 2025 → Q2 2025
| RJF Raymond James Financial Inc. | Reduce -0.3% | 32.81% | −0.61 |
| PG The Procter & Gamble Co. | Reduce -0.4% | 2.98% | −0.61 |
| AAPL Apple Inc. | Reduce -5.5% | 1.53% | −0.44 |
| IVV iShares Core S&P 500 ETF | Reduce -1.5% | 13.65% | −0.41 |
| SSD Simpson Manufacturing Co. Inc. | Sold out | 0.00% | −0.28 |
| UFPI Ufp Industries Inc. | Sold out | 0.00% | −0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.8% | 0.86% | −0.28 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.26 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.25 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.24 |
| EXPD Expeditors Intl Wash Inc. | Reduce -80.9% | 0.05% | −0.24 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.23 |
| COST Costco Wholesale Corp. | Reduce -17.8% | 0.75% | −0.23 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.22 |
| ENSG The Ensign Group Inc. | Sold out | 0.00% | −0.21 |
| V Visa Inc. Class A | Reduce -15.2% | 0.65% | −0.20 |
| XOM Exxon Mobil Corp. | Reduce -11.9% | 0.49% | −0.20 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.19 |
| AIT Applied Industrial Tech Inc. | Reduce -22.1% | 0.48% | −0.19 |
| GNTX Gentex Corp. | Sold out | 0.00% | −0.19 |
| CMI Cummins Inc. | Reduce -21.5% | 0.51% | −0.19 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.17 |
| SCHW Schwab (charles) Corp. | Reduce -23.0% | 0.63% | −0.16 |
| PGR Progressive Corp. | Reduce -12.9% | 0.42% | −0.15 |
| CVX Chevron Corp. | Reduce -10.7% | 0.32% | −0.15 |
| ABT Abbott Laboratories | Reduce -53.9% | 0.09% | −0.12 |
| EOG EOG Resources Inc. | Reduce -9.0% | 0.34% | −0.11 |
| NVDA Nvidia Corp. | Reduce -29.0% | 1.27% | −0.10 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.09 |
| GOOGL Alphabet Inc. Class A | Reduce -12.8% | 0.70% | −0.09 |
| JNJ Johnson & Johnson | Reduce -2.9% | 0.35% | −0.09 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.08 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.08 |
| BLK BlackRock Inc. | Reduce -11.8% | 0.55% | −0.08 |
| MET Metlife Inc. | Sold out | 0.00% | −0.08 |
| CI The Cigna Group | Sold out | 0.00% | −0.07 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.07 |
| ONEQ Fidelity Nasdaq Comp Indx | Sold out | 0.00% | −0.07 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.07 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.07 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.07 |
| GGG Graco Inc. | Reduce -5.7% | 0.42% | −0.07 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -10.2% | 0.76% | −0.06 |
| AMP Ameriprise Financial Inc. | Reduce -10.1% | 0.48% | −0.06 |
| FAST Fastenal Co. | Reduce -6.6% | 0.55% | −0.06 |
| ICE Intercontinental Exchange Inc. | Reduce -47.3% | 0.06% | −0.06 |
| NOW ServiceNow Inc. | Reduce -21.4% | 0.56% | −0.06 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -3.8% | 0.26% | −0.05 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.05 |
Portfolio Buys Q1 2025 → Q2 2025
| TCAF T Rowe PRC Cap Appreciation | Add +148.3% | 2.26% | +1.33 |
| VXF Vanguard Extended Market ETF | Add +340.0% | 0.91% | +0.70 |
| NFLX Netflix Inc. | Add +117.2% | 0.45% | +0.29 |
| VMC Vulcan Materials Co. | Add +470.5% | 0.34% | +0.28 |
| KLAC KLA Corp. | Add +147.2% | 0.42% | +0.28 |
| IBKR Interactive Brokers Gro Class A | Add +128.2% | 0.38% | +0.24 |
| APH Amphenol Corp. Class A | Add +46.0% | 0.47% | +0.23 |
| MS Morgan Stanley | Add +131.6% | 0.38% | +0.23 |
| GE General Electric | Add +105.5% | 0.39% | +0.23 |
| NTAP Netapp Inc. | Add +127.4% | 0.36% | +0.21 |
| TT Trane Technologies PLC | Add +114.2% | 0.36% | +0.21 |
| HUBB Hubbell Inc. | Add +116.9% | 0.36% | +0.21 |
| MSTR Strategy Inc. | Add +59.4% | 0.40% | +0.20 |
| CTAS Cintas Corp. | Add +130.0% | 0.36% | +0.20 |
| WMT Walmart Inc. | Add +107.0% | 0.37% | +0.19 |
| J Jacobs Solutions Inc. | Add +134.2% | 0.34% | +0.19 |
| AFL Aflac Inc. | Add +153.3% | 0.36% | +0.19 |
| ISRG Intuitive Surgical Inc. | Add +122.6% | 0.34% | +0.18 |
| DOV Dover Corp. | Add +136.5% | 0.33% | +0.18 |
| SPGI S&P Global Inc. | Add +141.9% | 0.32% | +0.18 |
| DPZ Domino's Pizza Inc. | Add +143.3% | 0.33% | +0.18 |
| EBAY eBay Inc. | Add +108.3% | 0.34% | +0.17 |
| PCAR Paccar Inc. | Add +157.9% | 0.31% | +0.17 |
| DHR Danaher Corp. | Add +142.9% | 0.33% | +0.17 |
| APO Apollo Global Management Inc. | Add +106.1% | 0.33% | +0.16 |
| WM Waste Management Inc. | Add +125.3% | 0.31% | +0.15 |
| VIS Vanguard Industrials ETF | Add +3.1% | 3.86% | +0.15 |
| TMO Thermo Fisher Scientific Inc. | Add +183.7% | 0.29% | +0.15 |
| CPRT Copart Inc. | Add +111.0% | 0.33% | +0.13 |
| AME Ametek Inc. | Add +66.5% | 0.36% | +0.13 |
| MLM Martin Marietta Materials | Add +51.3% | 0.35% | +0.12 |
| TSLA Tesla Inc. | Add +40.4% | 0.32% | +0.11 |
| MCD McDonald's Corp. | Add +97.9% | 0.24% | +0.09 |
| PSX Phillips 66 | Add +77.5% | 0.24% | +0.08 |
| MPWR Monolithic Power Systems Inc. | Add +5.0% | 0.52% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.05% | +0.05 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.05% | +0.05 |
| GOOG Alphabet Inc. Class C | New | 0.05% | +0.05 |
| ORCL Oracle Corp. | New | 0.04% | +0.04 |
| IWP iShares Russell Mid-Cap Grow | New | 0.04% | +0.04 |
| ODFL Old Dominion Freight Line | Add +3.4% | 0.41% | −0.04 |
| CRM Salesforce Inc. | Add +0.4% | 0.44% | −0.04 |
| ADBE Adobe Inc. | Add +1.8% | 0.63% | −0.06 |
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 |