Harfst & Associates, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Harfst & Associates, Inc. reported 121 stock positions worth $560.2 million. Its top holding was Raymond James Financial (RJF) at 27.4% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 11.6%) and Invesco QQQ Trust Series 1 (QQQ, 5.1%). Compared with Q4 2025, it opened 15 new positions, sold out of 5, added to 43 and reduced 46. The biggest buy was Invesco Variable Rate Invest (VRIG, shares +130%) and the biggest sale Raymond James Financial (RJF, shares −1%).

Most Recent 13F
Q2 2026
Location
Sheridan, WY
CIK
0001649147
Portfolio Value
$560.2M (Q1 2026)
SEC Filing
0001172661-26-001743 ↗ filed May 13, 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 Q4 2025 Q1 2026: $560.2M $560.2M Q1 2026 Q2 2026: $643.4M Q2 2026

Holdings 121 stocks · $560.2M
RJF Raymond James Financial Inc. 27.43% 1,061,208 $153.7M Reduce -0.6%
IVV iShares Core S&P 500 ETF 11.62% 99,673 $65.1M Reduce -3.7%
QQQ Invesco QQQ Trust Series 1 5.13% 49,811 $28.7M Reduce -2.8%
VIS Vanguard Industrials ETF 4.03% 72,380 $22.6M Add +8.4%
TBUX T Rowe Price Ultra Short-Ter 3.64% 409,793 $20.4M Add +117.7%
VRIG Invesco Variable Rate Invest 3.53% 789,727 $19.8M Add +129.5%
TCAF T Rowe PRC Cap Appreciation 2.36% 372,015 $13.2M Add +4.7%
PG The Procter & Gamble Co. 2.36% 91,517 $13.2M Add +0.6%
BSV Vanguard Short-Term Bond ETF 1.68% 120,193 $9.4M Add +1422.8%
VTI VG Morningstar TS MKT ETF-US 1.65% 28,797 $9.2M Reduce -0.4%
AAPL Apple Inc. 1.59% 35,013 $8.9M Add +0.0%
VXF Vanguard Extended Market ETF 1.23% 33,357 $6.9M Add +17.9%
LAD Lithia Motors Inc. 1.10% 24,574 $6.1M Reduce -4.8%
NVDA Nvidia Corp. 1.08% 34,569 $6.0M Reduce -9.3%
VCIT Vanguard Int-Term Corporate 0.91% 61,706 $5.1M Reduce -28.1%
GOOGL Alphabet Inc. Class A 0.88% 17,148 $4.9M Reduce -5.6%
AMAT Applied Materials Inc. 0.87% 14,211 $4.9M Reduce -6.8%
LRCX Lam Research Corp. 0.87% 22,703 $4.9M Reduce -5.0%
MSFT Microsoft Corp. 0.82% 12,381 $4.6M Add +0.7%
AMD Advanced Micro Devices 0.76% 21,020 $4.3M Reduce -4.6%
BRK.B Berkshire Hathaway Inc. Class B 0.76% 8,913 $4.3M Add +0.6%
COST Costco Wholesale Corp. 0.71% 3,968 $4.0M Reduce -2.8%
AMZN Amazon.com Inc. 0.70% 18,900 $3.9M No change
MPWR Monolithic Power Systems Inc. 0.64% 3,288 $3.6M Reduce -0.9%
CMI Cummins Inc. 0.63% 6,565 $3.5M Reduce -9.4%
XOM Exxon Mobil Corp. 0.61% 19,988 $3.4M Reduce -2.8%
KLAC KLA Corp. 0.59% 2,253 $3.3M Add +1.1%
NTRS Northern Trust Corp. 0.58% 23,103 $3.2M Reduce -1.3%
SCHW Schwab (charles) Corp. 0.54% 31,942 $3.0M Reduce -3.1%
FAST Fastenal Co. 0.51% 61,859 $2.9M Reduce -2.4%
APH Amphenol Corp. Class A 0.51% 22,673 $2.9M Add +4.0%
V Visa Inc. Class A 0.48% 8,956 $2.7M Add +2.8%
AIT Applied Industrial Tech Inc. 0.48% 10,113 $2.7M Add +2.5%
EEM iShares MSCI Emerging Market 0.45% 44,755 $2.5M New
TXN Texas Instruments Inc. 0.45% 12,845 $2.5M Add +0.2%
JNJ Johnson & Johnson 0.44% 10,166 $2.5M Reduce -3.9%
ODFL Old Dominion Freight Line 0.44% 12,595 $2.5M Add +3.8%
VEU Vanguard Ftse All-World Ex-U 0.44% 32,677 $2.5M New
WMT Walmart Inc. 0.42% 18,882 $2.3M Add +3.8%
BLK BlackRock Inc. 0.42% 2,436 $2.3M Reduce -0.1%
MS Morgan Stanley 0.41% 13,926 $2.3M Add +7.8%
IBKR Interactive Brokers Gro Class A 0.41% 34,153 $2.3M Add +4.3%
AME Ametek Inc. 0.39% 10,311 $2.2M Add +7.7%
HUBB Hubbell Inc. 0.39% 4,478 $2.2M Add +4.4%
VOO Vanguard S&P 500 ETF 0.39% 3,671 $2.2M No change
EBAY eBay Inc. 0.39% 23,922 $2.2M Add +6.5%
GE General Electric filed as GE AEROSPACE 0.38% 7,582 $2.2M Add +5.6%
META Meta Platforms Inc. Class A 0.38% 3,760 $2.2M Add +5.2%
CVX Chevron Corp. 0.38% 10,204 $2.1M Reduce -3.1%
CEF Sprott Physical Gold and Sil 0.38% 44,073 $2.1M New
AMP Ameriprise Financial Inc. 0.37% 4,704 $2.1M Add +9.8%
CAT Caterpillar Inc. 0.37% 2,905 $2.1M No change
GGG Graco Inc. 0.36% 24,089 $2.0M Add +5.8%
PCAR Paccar Inc. 0.36% 17,409 $2.0M Add +7.5%
MLM Martin Marietta Materials 0.36% 3,391 $2.0M Add +11.0%
DOV Dover Corp. 0.35% 9,399 $2.0M Add +5.5%
VMC Vulcan Materials Co. 0.34% 6,954 $1.9M Add +9.3%
INTU Intuit Inc. 0.33% 4,337 $1.9M Add +15.3%
TMO Thermo Fisher Scientific Inc. 0.33% 3,759 $1.8M Add +8.8%
PSX Phillips 66 0.33% 10,018 $1.8M Add +2.9%
NFLX Netflix Inc. 0.32% 18,867 $1.8M Add +13.3%
TT Trane Technologies PLC 0.32% 4,343 $1.8M Add +11.6%
J Jacobs Solutions Inc. 0.31% 13,764 $1.8M Add +8.9%
ISRG Intuitive Surgical Inc. 0.30% 3,610 $1.7M Add +14.0%
BRK.A Berkshire Hathaway Inc. Class A 0.26% 2 $1.4M No change
LLY Eli Lilly & Co. 0.25% 1,529 $1.4M New
GLW Corning Inc. 0.25% 10,286 $1.4M New
CSCO Cisco Systems Inc. 0.25% 17,954 $1.4M New
PH Parker Hannifin Corp. 0.24% 1,531 $1.4M New
ADI Analog Devices Inc. 0.23% 4,123 $1.3M New
BKR Baker Hughes Co. 0.23% 21,173 $1.3M New
AVGO Broadcom Inc. 0.23% 4,130 $1.3M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 7,904 $1.3M New
NEM Newmont Corp. 0.22% 11,490 $1.2M New
HWM Howmet Aerospace Inc. 0.22% 5,309 $1.2M New
SCCO Southern Copper Corp. 0.22% 7,103 $1.2M New
TSLA Tesla Inc. 0.21% 3,134 $1.2M No change
ADBE Adobe Inc. 0.21% 4,747 $1.2M Reduce -40.8%
DSI iShares ESG MSCI KLD 400 ETF 0.16% 7,395 $896K No change
IWF iShares Russell 1000 Growth 0.16% 2,066 $881K Reduce -2.0%
AFL Aflac Inc. 0.15% 7,743 $849K Reduce -53.3%
NB Niocorp Developments Ltd. 0.15% 190,420 $849K Add +3.1%
SPLV Invesco S&P 500 Low Volatili 0.15% 11,581 $847K Reduce -28.6%
SETM Sprott Critical Material ETF 0.13% 22,225 $735K New
PGR Progressive Corp. 0.12% 3,493 $692K Reduce -52.3%
SLV iShares Silver Trust 0.12% 9,711 $662K Reduce -14.3%
IBIT iShares Bitcoin Trust ETF 0.11% 16,659 $640K Add +3.2%
CRM Salesforce Inc. 0.11% 3,360 $627K Reduce -55.3%
NTAP Netapp Inc. 0.11% 6,095 $624K Reduce -63.0%
SCHM Schwab US Mid Cap ETF 0.11% 19,966 $618K Reduce -5.6%
DHR Danaher Corp. 0.11% 3,253 $617K Reduce -60.0%
NOW ServiceNow Inc. 0.10% 5,610 $587K Reduce -56.2%
WM Waste Management Inc. 0.10% 2,552 $587K Reduce -61.3%
VYM Vanguard High DVD Yield ETF 0.10% 3,876 $574K Add +11.7%
APO Apollo Global Management Inc. 0.10% 5,128 $571K Reduce -56.1%
ABBV Abbvie Inc. 0.10% 2,621 $570K No change
DHS Wisdomtree US High Dividend 0.10% 5,036 $550K Add +7.3%
GLD SPDR Gold Shares 0.10% 1,276 $549K Reduce -13.6%
CPRT Copart Inc. 0.10% 16,218 $538K Reduce -51.4%
SPGI S&P Global Inc. 0.09% 1,185 $504K Reduce -60.9%
CTAS Cintas Corp. 0.09% 2,866 $485K Reduce -63.1%
DPZ Domino's Pizza Inc. 0.08% 1,282 $460K Reduce -62.0%
EOG EOG Resources Inc. 0.08% 3,000 $434K Reduce -76.0%
GOOG Alphabet Inc. Class C 0.07% 1,455 $417K No change
TSM Taiwan Semiconductor-SP ADR 0.07% 1,125 $380K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.07% 578 $376K Reduce -1.7%
SDY SS SPDR S&P Dividend ETF 0.06% 2,450 $358K Reduce -9.1%
PM Philip Morris International 0.06% 1,988 $329K No change
IGRO iShares Intl Div Growth ETF 0.05% 3,581 $300K Add +0.4%
LOW Lowe's Cos Inc. 0.05% 1,199 $283K Reduce -4.2%
PEP Pepsico Inc. 0.05% 1,785 $277K No change
SCHD Schwab US DVD Equity ETF 0.05% 9,027 $277K Add +4.6%
MELI MercadoLibre Inc. 0.05% 150 $259K No change
COIN Coinbase Global Inc. Class A 0.05% 1,472 $257K No change
ABT Abbott Laboratories 0.05% 2,501 $257K Reduce -19.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,278 $251K No change
IDEV iShares Core MSCI Dev MKTS 0.04% 2,975 $249K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.04% 5,002 $244K No change
MSTR Strategy Inc. 0.04% 1,950 $243K Reduce -59.9%
SUSA iShares ESG Optimized MSCI U 0.04% 1,711 $226K No change
MCD McDonald's Corp. 0.04% 692 $215K Reduce -81.7%

Portfolio Sells Q4 2025 → Q1 2026
RJF Raymond James Financial Inc. Reduce -0.6% 27.43% −3.47
IVV iShares Core S&P 500 ETF Reduce -3.7% 11.62% −1.16
AKRE Akre Focus ETF Sold out 0.00% −0.63
QQQ Invesco QQQ Trust Series 1 Reduce -2.8% 5.13% −0.54
LAD Lithia Motors Inc. Reduce -4.8% 1.10% −0.45
VCIT Vanguard Int-Term Corporate Reduce -28.1% 0.91% −0.38
ADBE Adobe Inc. Reduce -40.8% 0.21% −0.30
NOW ServiceNow Inc. Reduce -56.2% 0.10% −0.25
CRM Salesforce Inc. Reduce -55.3% 0.11% −0.25
DHR Danaher Corp. Reduce -60.0% 0.11% −0.23
NTAP Netapp Inc. Reduce -63.0% 0.11% −0.21
NVDA Nvidia Corp. Reduce -9.3% 1.08% −0.21
APO Apollo Global Management Inc. Reduce -56.1% 0.10% −0.20
SPGI S&P Global Inc. Reduce -60.9% 0.09% −0.20
AFL Aflac Inc. Reduce -53.3% 0.15% −0.18
PGR Progressive Corp. Reduce -52.3% 0.12% −0.18
CTAS Cintas Corp. Reduce -63.1% 0.09% −0.18
DPZ Domino's Pizza Inc. Reduce -62.0% 0.08% −0.17
MCD McDonald's Corp. Reduce -81.7% 0.04% −0.17
EOG EOG Resources Inc. Reduce -76.0% 0.08% −0.16
WM Waste Management Inc. Reduce -61.3% 0.10% −0.16
GOOGL Alphabet Inc. Class A Reduce -5.6% 0.88% −0.15
CPRT Copart Inc. Reduce -51.4% 0.10% −0.14
VTI VG Morningstar TS MKT ETF-US Reduce -0.4% 1.65% −0.10
MSTR Strategy Inc. Reduce -59.9% 0.04% −0.09
AMD Advanced Micro Devices Reduce -4.6% 0.76% −0.09
SCHW Schwab (charles) Corp. Reduce -3.1% 0.54% −0.06
SPLV Invesco S&P 500 Low Volatili Reduce -28.6% 0.15% −0.06
BLK BlackRock Inc. Reduce -0.1% 0.42% −0.05
EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.05
ICE Intercontinental Exchange Inc. Sold out 0.00% −0.04
IWV iShares Russell 3000 ETF Sold out 0.00% −0.04
IWP iShares Russell Mid-Cap Grow Sold out 0.00% −0.04
CMI Cummins Inc. Reduce -9.4% 0.63% −0.04
ABT Abbott Laboratories Reduce -19.7% 0.05% −0.02
IWF iShares Russell 1000 Growth Reduce -2.0% 0.16% −0.02
SLV iShares Silver Trust Reduce -14.3% 0.12% −0.01
GLD SPDR Gold Shares Reduce -13.6% 0.10% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.7% 0.07% −0.01
SCHM Schwab US Mid Cap ETF Reduce -5.6% 0.11% −0.00
LOW Lowe's Cos Inc. Reduce -4.2% 0.05% −0.00
SDY SS SPDR S&P Dividend ETF Reduce -9.1% 0.06% −0.00
NTRS Northern Trust Corp. Reduce -1.3% 0.58% −0.00
JNJ Johnson & Johnson Reduce -3.9% 0.44% +0.05
FAST Fastenal Co. Reduce -2.4% 0.51% +0.05
COST Costco Wholesale Corp. Reduce -2.8% 0.71% +0.07
CVX Chevron Corp. Reduce -3.1% 0.38% +0.09
MPWR Monolithic Power Systems Inc. Reduce -0.9% 0.64% +0.10
LRCX Lam Research Corp. Reduce -5.0% 0.87% +0.13
XOM Exxon Mobil Corp. Reduce -2.8% 0.61% +0.16

Portfolio Buys Q4 2025 → Q1 2026
VRIG Invesco Variable Rate Invest Add +129.5% 3.53% +1.97
TBUX T Rowe Price Ultra Short-Ter Add +117.7% 3.64% +1.95
BSV Vanguard Short-Term Bond ETF Add +1422.8% 1.68% +1.57
EEM iShares MSCI Emerging Market New 0.45% +0.45
VIS Vanguard Industrials ETF Add +8.4% 4.03% +0.44
VEU Vanguard Ftse All-World Ex-U New 0.44% +0.44
CEF Sprott Physical Gold and Sil New 0.38% +0.38
LLY Eli Lilly & Co. New 0.25% +0.25
GLW Corning Inc. New 0.25% +0.25
CSCO Cisco Systems Inc. New 0.25% +0.25
PH Parker Hannifin Corp. New 0.24% +0.24
ADI Analog Devices Inc. New 0.23% +0.23
BKR Baker Hughes Co. New 0.23% +0.23
AVGO Broadcom Inc. New 0.23% +0.23
TJX TJX Companies Inc. New 0.23% +0.23
NEM Newmont Corp. New 0.22% +0.22
HWM Howmet Aerospace Inc. New 0.22% +0.22
SCCO Southern Copper Corp. New 0.22% +0.22
VXF Vanguard Extended Market ETF Add +17.9% 1.23% +0.16
SETM Sprott Critical Material ETF New 0.13% +0.13
KLAC KLA Corp. Add +1.1% 0.59% +0.10
PSX Phillips 66 Add +2.9% 0.33% +0.10
ODFL Old Dominion Freight Line Add +3.8% 0.44% +0.10
WMT Walmart Inc. Add +3.8% 0.42% +0.05
TT Trane Technologies PLC Add +11.6% 0.32% +0.05
HUBB Hubbell Inc. Add +4.4% 0.39% +0.05
TXN Texas Instruments Inc. Add +0.2% 0.45% +0.04
NFLX Netflix Inc. Add +13.3% 0.32% +0.04
AME Ametek Inc. Add +7.7% 0.39% +0.04
PCAR Paccar Inc. Add +7.5% 0.36% +0.04
DOV Dover Corp. Add +5.5% 0.35% +0.04
EBAY eBay Inc. Add +6.5% 0.39% +0.04
IBKR Interactive Brokers Gro Class A Add +4.3% 0.41% +0.03
GGG Graco Inc. Add +5.8% 0.36% +0.03
AIT Applied Industrial Tech Inc. Add +2.5% 0.48% +0.02
MLM Martin Marietta Materials Add +11.0% 0.36% +0.01
VYM Vanguard High DVD Yield ETF Add +11.7% 0.10% +0.01
DHS Wisdomtree US High Dividend Add +7.3% 0.10% +0.01
J Jacobs Solutions Inc. Add +8.9% 0.31% +0.01
VMC Vulcan Materials Co. Add +9.3% 0.34% +0.01
PG The Procter & Gamble Co. Add +0.6% 2.36% +0.01
SCHD Schwab US DVD Equity ETF Add +4.6% 0.05% +0.01
IGRO iShares Intl Div Growth ETF Add +0.4% 0.05% +0.00
MS Morgan Stanley Add +7.8% 0.41% −0.00
AMP Ameriprise Financial Inc. Add +9.8% 0.37% −0.01
GE General Electric Add +5.6% 0.38% −0.01
APH Amphenol Corp. Class A Add +4.0% 0.51% −0.02
NB Niocorp Developments Ltd. Add +3.1% 0.15% −0.02
ISRG Intuitive Surgical Inc. Add +14.0% 0.30% −0.03
IBIT iShares Bitcoin Trust ETF Add +3.2% 0.11% −0.03

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