Harfst & Associates, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Harfst & Associates, Inc. reported 111 stock positions worth $554.6 million. Its top holding was Raymond James Financial (RJF) at 30.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 12.8%) and Invesco QQQ Trust Series 1 (QQQ, 5.7%). Compared with Q3 2025, it opened 6 new positions, sold out of 7, added to 23 and reduced 69. The biggest buy was a new position in Vanguard Int-Term Corporate (VCIT) and the biggest sale an exit from Invesco Preferred ETF (PGX).

Most Recent 13F
Q2 2026
Location
Sheridan, WY
CIK
0001649147
Portfolio Value
$554.6M (Q4 2025)
SEC Filing
0001172661-26-000572 ↗ filed Feb 10, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $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 $554.6M Q4 2025 Q1 2026: $560.2M Q1 2026 Q2 2026: $643.4M Q2 2026

Holdings 111 stocks · $554.6M
RJF Raymond James Financial Inc. 30.90% 1,067,120 $171.4M Add +3.5%
IVV iShares Core S&P 500 ETF 12.78% 103,484 $70.9M Reduce -2.3%
QQQ Invesco QQQ Trust Series 1 5.67% 51,219 $31.5M Reduce -3.3%
VIS Vanguard Industrials ETF 3.59% 66,778 $19.9M Reduce -3.4%
TCAF T Rowe PRC Cap Appreciation 2.45% 355,221 $13.6M Add +10.7%
PG The Procter & Gamble Co. 2.35% 90,963 $13.0M Add +0.0%
VTI VG Morningstar TS MKT ETF-US 1.75% 28,922 $9.7M Reduce -0.6%
AAPL Apple Inc. 1.72% 35,005 $9.5M Reduce -1.9%
TBUX T Rowe Price Ultra Short-Ter 1.69% 188,219 $9.4M Add +221.9%
VRIG Invesco Variable Rate Invest 1.56% 344,096 $8.6M Add +140.2%
LAD Lithia Motors Inc. 1.55% 25,819 $8.6M Reduce -7.7%
VCIT Vanguard Int-Term Corporate 1.30% 85,766 $7.2M New
NVDA Nvidia Corp. 1.28% 38,136 $7.1M Reduce -4.1%
MSFT Microsoft Corp. 1.07% 12,292 $5.9M Reduce -0.9%
VXF Vanguard Extended Market ETF 1.07% 28,294 $5.9M Add +11.4%
GOOGL Alphabet Inc. Class A 1.03% 18,171 $5.7M Reduce -6.8%
AMD Advanced Micro Devices 0.85% 22,031 $4.7M Reduce -9.9%
BRK.B Berkshire Hathaway Inc. Class B 0.80% 8,863 $4.5M Reduce -2.2%
AMZN Amazon.com Inc. 0.79% 18,900 $4.4M Add +8.6%
LRCX Lam Research Corp. 0.74% 23,906 $4.1M Reduce -9.8%
AMAT Applied Materials Inc. 0.71% 15,252 $3.9M Reduce -3.8%
CMI Cummins Inc. 0.67% 7,245 $3.7M Reduce -4.2%
COST Costco Wholesale Corp. 0.63% 4,080 $3.5M Reduce -1.0%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.63% 53,622 $3.5M New
SCHW Schwab (charles) Corp. 0.59% 32,968 $3.3M Reduce -2.2%
NTRS Northern Trust Corp. 0.58% 23,399 $3.2M Reduce -1.7%
V Visa Inc. Class A 0.55% 8,716 $3.1M Reduce -2.0%
MPWR Monolithic Power Systems Inc. 0.54% 3,318 $3.0M Reduce -3.5%
APH Amphenol Corp. Class A 0.53% 21,792 $2.9M Reduce -4.3%
ADBE Adobe Inc. 0.51% 8,013 $2.8M Reduce -2.7%
KLAC KLA Corp. 0.49% 2,228 $2.7M Reduce -3.9%
BLK BlackRock Inc. 0.47% 2,438 $2.6M Reduce -4.3%
FAST Fastenal Co. 0.46% 63,382 $2.5M Reduce -0.5%
AIT Applied Industrial Tech Inc. 0.46% 9,869 $2.5M Reduce -2.9%
INTU Intuit Inc. 0.45% 3,761 $2.5M Reduce -0.9%
XOM Exxon Mobil Corp. 0.45% 20,563 $2.5M Reduce -7.0%
META Meta Platforms Inc. Class A 0.43% 3,573 $2.4M Reduce -1.7%
VOO Vanguard S&P 500 ETF 0.42% 3,671 $2.3M Reduce -10.3%
MS Morgan Stanley 0.41% 12,913 $2.3M Reduce -1.8%
TXN Texas Instruments Inc. 0.40% 12,824 $2.2M Add +0.1%
GE General Electric filed as GE AEROSPACE 0.40% 7,178 $2.2M Reduce -3.6%
JNJ Johnson & Johnson 0.39% 10,581 $2.2M Reduce -3.6%
IBKR Interactive Brokers Gro Class A 0.38% 32,733 $2.1M Reduce -2.3%
AMP Ameriprise Financial Inc. 0.38% 4,284 $2.1M Reduce -3.5%
WMT Walmart Inc. 0.37% 18,200 $2.0M Reduce -2.0%
TMO Thermo Fisher Scientific Inc. 0.36% 3,455 $2.0M Reduce -0.8%
CRM Salesforce Inc. 0.36% 7,513 $2.0M Reduce -4.3%
AME Ametek Inc. 0.35% 9,574 $2.0M Reduce -0.4%
NOW ServiceNow Inc. 0.35% 12,810 $2.0M Reduce -3.8%
EBAY eBay Inc. 0.35% 22,461 $2.0M Add +0.6%
HUBB Hubbell Inc. 0.34% 4,289 $1.9M Reduce -0.8%
ODFL Old Dominion Freight Line 0.34% 12,140 $1.9M Reduce -0.9%
MLM Martin Marietta Materials 0.34% 3,054 $1.9M Reduce -2.5%
GGG Graco Inc. 0.34% 22,764 $1.9M Reduce -4.8%
DHR Danaher Corp. 0.34% 8,122 $1.9M Reduce -0.4%
AFL Aflac Inc. 0.33% 16,595 $1.8M Add +0.2%
VMC Vulcan Materials Co. 0.33% 6,361 $1.8M Reduce -0.9%
ISRG Intuitive Surgical Inc. 0.32% 3,167 $1.8M Add +1.8%
PCAR Paccar Inc. 0.32% 16,200 $1.8M Reduce -0.6%
NTAP Netapp Inc. 0.32% 16,467 $1.8M Reduce -0.4%
DOV Dover Corp. 0.31% 8,911 $1.7M Reduce -0.5%
APO Apollo Global Management Inc. 0.30% 11,680 $1.7M Add +2.2%
J Jacobs Solutions Inc. 0.30% 12,637 $1.7M Add +0.2%
PGR Progressive Corp. 0.30% 7,326 $1.7M Reduce -4.4%
CAT Caterpillar Inc. 0.30% 2,905 $1.7M Reduce -1.2%
CVX Chevron Corp. 0.29% 10,536 $1.6M Reduce -4.3%
SPGI S&P Global Inc. 0.29% 3,030 $1.6M Add +1.1%
NFLX Netflix Inc. 0.28% 16,652 $1.6M Add +0.8%
TT Trane Technologies PLC 0.27% 3,892 $1.5M Reduce -2.9%
BRK.A Berkshire Hathaway Inc. Class A 0.27% 2 $1.5M No change
CTAS Cintas Corp. 0.26% 7,768 $1.5M Reduce -1.7%
WM Waste Management Inc. 0.26% 6,589 $1.4M Reduce -0.8%
TSLA Tesla Inc. 0.25% 3,134 $1.4M Reduce -36.5%
DPZ Domino's Pizza Inc. 0.25% 3,369 $1.4M Reduce -7.1%
EOG EOG Resources Inc. 0.24% 12,524 $1.3M Reduce -9.1%
CPRT Copart Inc. 0.24% 33,368 $1.3M Add +0.3%
PSX Phillips 66 0.23% 9,734 $1.3M Reduce -0.8%
SPLV Invesco S&P 500 Low Volatili 0.21% 16,217 $1.2M Reduce -6.7%
MCD McDonald's Corp. 0.21% 3,786 $1.2M Reduce -5.1%
IWF iShares Russell 1000 Growth 0.18% 2,109 $998K Reduce -0.5%
NB Niocorp Developments Ltd. 0.18% 184,620 $978K Add +76.2%
DSI iShares ESG MSCI KLD 400 ETF 0.17% 7,395 $953K No change
IBIT iShares Bitcoin Trust ETF 0.14% 16,149 $802K Add +5.3%
MSTR Strategy Inc. 0.13% 4,858 $738K Reduce -0.9%
SLV iShares Silver Trust 0.13% 11,331 $730K Add +18.8%
SCHM Schwab US Mid Cap ETF 0.11% 21,141 $636K Reduce -3.3%
BSV Vanguard Short-Term Bond ETF 0.11% 7,893 $622K New
ABBV Abbvie Inc. 0.11% 2,621 $599K No change
GLD SPDR Gold Shares 0.11% 1,476 $585K Add +17.0%
VYM Vanguard High DVD Yield ETF 0.09% 3,470 $498K New
DHS Wisdomtree US High Dividend 0.09% 4,692 $478K New
GOOG Alphabet Inc. Class C 0.08% 1,455 $457K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 588 $401K No change
ABT Abbott Laboratories 0.07% 3,114 $390K Reduce -3.2%
SDY SS SPDR S&P Dividend ETF 0.07% 2,695 $375K No change
TSM Taiwan Semiconductor-SP ADR 0.06% 1,125 $342K No change
COIN Coinbase Global Inc. Class A 0.06% 1,472 $333K Add +9.3%
PM Philip Morris International 0.06% 1,988 $319K Add +12.3%
MELI MercadoLibre Inc. 0.05% 150 $302K No change
LOW Lowe's Cos Inc. 0.05% 1,251 $302K No change

Show all 111 holdings

Portfolio Sells Q3 2025 → Q4 2025
PGX Invesco Preferred ETF Sold out 0.00% −0.66
IVV iShares Core S&P 500 ETF Reduce -2.3% 12.78% −0.29
QQQ Invesco QQQ Trust Series 1 Reduce -3.3% 5.67% −0.19
VIS Vanguard Industrials ETF Reduce -3.4% 3.59% −0.19
MSTR Strategy Inc. Reduce -0.9% 0.13% −0.16
TSLA Tesla Inc. Reduce -36.5% 0.25% −0.15
FAST Fastenal Co. Reduce -0.5% 0.46% −0.12
MSFT Microsoft Corp. Reduce -0.9% 1.07% −0.11
NOW ServiceNow Inc. Reduce -3.8% 0.35% −0.10
NVDA Nvidia Corp. Reduce -4.1% 1.28% −0.09
LAD Lithia Motors Inc. Reduce -7.7% 1.55% −0.08
BLK BlackRock Inc. Reduce -4.3% 0.47% −0.08
COST Costco Wholesale Corp. Reduce -1.0% 0.63% −0.07
META Meta Platforms Inc. Class A Reduce -1.7% 0.43% −0.07
ORCL Oracle Corp. Sold out 0.00% −0.05
PGR Progressive Corp. Reduce -4.4% 0.30% −0.05
EOG EOG Resources Inc. Reduce -9.1% 0.24% −0.05
VOO Vanguard S&P 500 ETF Reduce -10.3% 0.42% −0.05
IBKR Interactive Brokers Gro Class A Reduce -2.3% 0.38% −0.05
NTAP Netapp Inc. Reduce -0.4% 0.32% −0.04
MPWR Monolithic Power Systems Inc. Reduce -3.5% 0.54% −0.04
TT Trane Technologies PLC Reduce -2.9% 0.27% −0.04
ONEQ Fidelity Nasdaq Comp Indx Sold out 0.00% −0.04
GGG Graco Inc. Reduce -4.8% 0.34% −0.04
MP MP Materials Corp. Sold out 0.00% −0.04
DIA SS SPDR Dow Jones Indus Avg Sold out 0.00% −0.04
PPG PPG Industries Inc. Sold out 0.00% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.2% 0.80% −0.04
SSD Simpson Manufacturing Co. Inc. Sold out 0.00% −0.04
VMC Vulcan Materials Co. Reduce -0.9% 0.33% −0.04
CTAS Cintas Corp. Reduce -1.7% 0.26% −0.04
DPZ Domino's Pizza Inc. Reduce -7.1% 0.25% −0.04
AIT Applied Industrial Tech Inc. Reduce -2.9% 0.46% −0.03
ADBE Adobe Inc. Reduce -2.7% 0.51% −0.03
INTU Intuit Inc. Reduce -0.9% 0.45% −0.03
SPLV Invesco S&P 500 Low Volatili Reduce -6.7% 0.21% −0.03
CVX Chevron Corp. Reduce -4.3% 0.29% −0.03
AMP Ameriprise Financial Inc. Reduce -3.5% 0.38% −0.02
MLM Martin Marietta Materials Reduce -2.5% 0.34% −0.02
PSX Phillips 66 Reduce -0.8% 0.23% −0.02
VTV Vanguard Mrngstr Val ETF-Aui Reduce -27.8% 0.04% −0.02
MCD McDonald's Corp. Reduce -5.1% 0.21% −0.01
NTRS Northern Trust Corp. Reduce -1.7% 0.58% −0.01
GE General Electric Reduce -3.6% 0.40% −0.01
XOM Exxon Mobil Corp. Reduce -7.0% 0.45% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -0.6% 1.75% −0.01
WM Waste Management Inc. Reduce -0.8% 0.26% −0.01
ABT Abbott Laboratories Reduce -3.2% 0.07% −0.01
V Visa Inc. Class A Reduce -2.0% 0.55% −0.01
ICE Intercontinental Exchange Inc. Reduce -5.2% 0.04% −0.01

Portfolio Buys Q3 2025 → Q4 2025
VCIT Vanguard Int-Term Corporate New 1.30% +1.30
TBUX T Rowe Price Ultra Short-Ter Add +221.9% 1.69% +1.15
VRIG Invesco Variable Rate Invest Add +140.2% 1.56% +0.89
AKRE Akre Focus ETF New 0.63% +0.63
TCAF T Rowe PRC Cap Appreciation Add +10.7% 2.45% +0.22
BSV Vanguard Short-Term Bond ETF New 0.11% +0.11
VYM Vanguard High DVD Yield ETF New 0.09% +0.09
VXF Vanguard Extended Market ETF Add +11.4% 1.07% +0.09
DHS Wisdomtree US High Dividend New 0.09% +0.09
AMZN Amazon.com Inc. Add +8.6% 0.79% +0.08
ISRG Intuitive Surgical Inc. Add +1.8% 0.32% +0.07
SLV iShares Silver Trust Add +18.8% 0.13% +0.06
NB Niocorp Developments Ltd. Add +76.2% 0.18% +0.05
SCHD Schwab US DVD Equity ETF New 0.04% +0.04
APO Apollo Global Management Inc. Add +2.2% 0.30% +0.02
GLD SPDR Gold Shares Add +17.0% 0.11% +0.02
SPGI S&P Global Inc. Add +1.1% 0.29% +0.02
PM Philip Morris International Add +12.3% 0.06% +0.00
IGRO iShares Intl Div Growth ETF Add +0.6% 0.05% +0.00
AFL Aflac Inc. Add +0.2% 0.33% −0.01
EBAY eBay Inc. Add +0.6% 0.35% −0.02
COIN Coinbase Global Inc. Class A Add +9.3% 0.06% −0.02
TXN Texas Instruments Inc. Add +0.1% 0.40% −0.03
IBIT iShares Bitcoin Trust ETF Add +5.3% 0.14% −0.04
CPRT Copart Inc. Add +0.3% 0.24% −0.04
J Jacobs Solutions Inc. Add +0.2% 0.30% −0.05
NFLX Netflix Inc. Add +0.8% 0.28% −0.08
PG The Procter & Gamble Co. Add +0.0% 2.35% −0.23
RJF Raymond James Financial Inc. Add +3.5% 30.90% −1.92

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