KCM Investment Advisors LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), KCM Investment Advisors LLC reported 398 stock positions worth $3.4 billion. Its top holding was SS Technology Select Sector (XLK) at 7.7% of the portfolio, followed by Apple (AAPL, 7.2%) and Microsoft (MSFT, 3.3%). Compared with Q1 2026, it opened 26 new positions, sold out of 21, added to 105 and reduced 201. The biggest buy was SS Technology Select Sector (XLK, shares +1%) and the biggest sale Costco Wholesale (COST, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001109228
- Portfolio Value
- $3.4B (Q2 2026)
- SEC Filing
- 0001941040-26-000602 ↗ filed Aug 14, 2026
Holdings Value
Holdings 398 stocks · $3.4B
| XLK SS Technology Select Sector | 7.71% | 1,355,853 | $258.3M | Add +0.5% |
| AAPL Apple Inc. | 7.17% | 830,626 | $240.3M | Reduce -1.1% |
| MSFT Microsoft Corp. | 3.25% | 292,283 | $109.0M | Add +1.0% |
| COST Costco Wholesale Corp. | 3.11% | 111,264 | $104.1M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 2.86% | 267,785 | $95.7M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 2.35% | 330,195 | $78.7M | Add +0.3% |
| NVDA Nvidia Corp. | 2.23% | 372,859 | $74.6M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 2.22% | 227,545 | $74.5M | Add +1.2% |
| VGT Vanguard Info Tech ETF | 2.20% | 617,483 | $73.8M | Add +1.0% |
| WMT Walmart Inc. | 1.88% | 556,905 | $63.1M | Reduce -0.1% |
| XLY SS Consumer Disc Select Sect | 1.84% | 526,859 | $61.8M | Add +6.2% |
| XLV SS Health Care Select Sector | 1.65% | 349,376 | $55.4M | Add +7.0% |
| XLC SS Comm Select Sector SPDR | 1.62% | 505,901 | $54.2M | Add +1.6% |
| CAT Caterpillar Inc. | 1.58% | 49,787 | $53.0M | Add +1.0% |
| CVX Chevron Corp. | 1.54% | 312,016 | $51.7M | Reduce -0.8% |
| V Visa Inc. Class A | 1.54% | 150,051 | $51.5M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 1.52% | 144,364 | $51.0M | Reduce -1.0% |
| XLI SS Industrial Select Sector | 1.46% | 263,844 | $48.9M | Reduce -3.6% |
| HD Home Depot Inc. | 1.42% | 135,391 | $47.7M | Reduce -0.9% |
| JNJ Johnson & Johnson | 1.42% | 187,862 | $47.7M | Add +0.8% |
| XLF SS Financial Select Sector | 1.39% | 868,463 | $46.6M | Add +1.0% |
| VOX Vanguard Communication Servi | 1.39% | 252,428 | $46.4M | Add +1.8% |
| TT Trane Technologies PLC | 1.38% | 94,156 | $46.2M | Reduce -0.5% |
| KLAC KLA Corp. | 1.28% | 142,507 | $43.0M | Reduce -4.0% |
| QQQ Invesco QQQ Trust Series 1 | 1.28% | 58,141 | $42.8M | Reduce -1.7% |
| WM Waste Management Inc. | 1.21% | 182,200 | $40.6M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 1.14% | 102,977 | $38.1M | Reduce -1.3% |
| VCR Vanguard Consumer Discre ETF | 1.06% | 89,699 | $35.6M | Add +3.7% |
| XLP SS Consumer Staples Sel Sect | 1.05% | 424,290 | $35.2M | Add +4.0% |
| XLE SS Energy Select Sector | 1.02% | 645,182 | $34.3M | Reduce -0.2% |
| ADP Automatic Data Processing | 0.95% | 142,303 | $31.9M | Reduce -3.1% |
| AMGN Amgen Inc. | 0.95% | 87,850 | $31.8M | Add +0.7% |
| VIS Vanguard Industrials ETF | 0.93% | 86,620 | $31.2M | Reduce -0.3% |
| AMAT Applied Materials Inc. | 0.93% | 42,903 | $31.0M | Reduce -1.5% |
| NEE Nextera Energy Inc. | 0.92% | 349,649 | $30.7M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 0.88% | 24,625 | $29.5M | Add +1.7% |
| VRT Vertiv Holdings Co. Class A | 0.85% | 84,860 | $28.4M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.84% | 37,737 | $28.2M | Add +1.2% |
| VFH Vanguard Financials ETF | 0.79% | 200,509 | $26.4M | Add +3.6% |
| PG The Procter & Gamble Co. | 0.75% | 170,753 | $25.0M | Reduce -2.6% |
| BX Blackstone Inc. | 0.72% | 205,546 | $24.2M | Reduce -1.8% |
| AVGO Broadcom Inc. | 0.69% | 61,642 | $23.3M | Reduce -0.7% |
| CSL Carlisle Cos Inc. | 0.62% | 57,619 | $20.9M | Reduce -1.3% |
| SOXX iShares Semiconductor ETF | 0.61% | 31,825 | $20.4M | Reduce -11.3% |
| ABBV Abbvie Inc. | 0.57% | 76,198 | $19.2M | Reduce -0.8% |
| ECL Ecolab Inc. | 0.56% | 67,740 | $18.9M | Reduce -0.3% |
| BAC Bank of America Corp. | 0.53% | 314,395 | $17.9M | Reduce -1.8% |
| VHT Vanguard Health Care ETF | 0.51% | 57,047 | $17.1M | Add +6.4% |
| MCD McDonald's Corp. | 0.49% | 60,362 | $16.3M | Reduce -20.4% |
| SMH Vaneck Semiconductor ETF | 0.48% | 24,728 | $16.2M | Add +10.1% |
| SCCO Southern Copper Corp. | 0.46% | 89,316 | $15.6M | Add +3.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 29,758 | $14.9M | Add +2.2% |
| SDY SS SPDR S&P Dividend ETF | 0.42% | 92,479 | $14.1M | Reduce -0.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.41% | 299,863 | $13.6M | Add +0.1% |
| VDC Vanguard Consumer Staple ETF | 0.39% | 57,921 | $13.1M | Add +0.5% |
| DHR Danaher Corp. | 0.36% | 63,047 | $12.0M | Reduce -3.4% |
| APD Air Products & Chemicals Inc. | 0.34% | 39,421 | $11.6M | Reduce -1.2% |
| XLB SS Materials Select Sector | 0.34% | 226,020 | $11.5M | Add +1.0% |
| O Realty Income Corp. | 0.34% | 184,991 | $11.5M | Reduce -1.1% |
| GLW Corning Inc. | 0.34% | 44,786 | $11.4M | Reduce -3.1% |
| CSCO Cisco Systems Inc. | 0.34% | 97,064 | $11.4M | Reduce -2.3% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.32% | 93,878 | $10.9M | Add +9.2% |
| SBUX Starbucks Corp. | 0.30% | 97,016 | $9.9M | Reduce -0.8% |
| MDY State Street SPDR S&P Midcap | 0.29% | 13,972 | $9.8M | Reduce -0.3% |
| VZ Verizon Communications Inc. | 0.29% | 228,546 | $9.7M | Reduce -1.3% |
| VAW Vanguard Materials ETF | 0.27% | 38,862 | $8.9M | Reduce -8.5% |
| IVV iShares Core S&P 500 ETF | 0.26% | 11,839 | $8.9M | Add +0.7% |
| SCHW Schwab (charles) Corp. | 0.26% | 93,216 | $8.6M | Reduce -0.1% |
| DVY iShares Select Dividend ETF | 0.25% | 52,670 | $8.2M | Reduce -0.3% |
| VNQ Vanguard Real Estate ETF | 0.24% | 84,422 | $8.1M | Add +0.2% |
| LH Labcorp Holdings Inc. | 0.24% | 29,024 | $8.1M | Reduce -1.9% |
| CW Curtiss-Wright Corp. | 0.24% | 10,704 | $8.1M | Add +2.5% |
| LOW Lowe's Cos Inc. | 0.23% | 34,869 | $7.7M | Reduce -5.8% |
| KMB Kimberly-Clark Corp. | 0.22% | 68,619 | $7.5M | Reduce -5.0% |
| ETN Eaton Corp. PLC | 0.22% | 17,292 | $7.4M | Add +0.1% |
| LHX L3HARRIS Technologies Inc. | 0.22% | 25,120 | $7.3M | Reduce -0.6% |
| LIN Linde PLC | 0.22% | 13,903 | $7.2M | Reduce -1.6% |
| VDE Vanguard Energy ETF | 0.21% | 47,440 | $7.1M | Reduce -4.7% |
| ABT Abbott Laboratories | 0.21% | 76,858 | $7.0M | Reduce -40.4% |
| VPU Vanguard Utilities ETF | 0.21% | 35,355 | $6.9M | Reduce -0.8% |
| GD General Dynamics Corp. | 0.21% | 19,490 | $6.9M | Reduce -0.8% |
| MRK Merck & Co. Inc. | 0.20% | 53,356 | $6.9M | Reduce -0.6% |
| SCHB Schwab US Broad Market ETF | 0.20% | 231,547 | $6.7M | Reduce -0.8% |
| GS Goldman Sachs Group Inc. | 0.20% | 6,609 | $6.7M | Add +0.9% |
| ROST Ross Stores Inc. | 0.19% | 30,605 | $6.5M | Reduce -1.1% |
| FTNT Fortinet Inc. | 0.19% | 41,666 | $6.4M | Reduce -0.5% |
| XLRE SS Real Estate Select Sector | 0.19% | 143,158 | $6.3M | Add +7.4% |
| QCOM Qualcomm Inc. | 0.18% | 33,159 | $6.1M | Reduce -3.3% |
| TSLA Tesla Inc. | 0.17% | 13,947 | $5.9M | Reduce -1.7% |
| LRCX Lam Research Corp. | 0.17% | 13,487 | $5.8M | Add +6.0% |
| CB Chubb Ltd. | 0.17% | 16,554 | $5.6M | Reduce -0.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.16% | 11,200 | $5.3M | Add +1.4% |
| PEG Public Service Enterprise GP | 0.16% | 65,501 | $5.3M | Reduce -0.7% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.16% | 50,674 | $5.2M | No change |
| SCHD Schwab US DVD Equity ETF | 0.16% | 163,934 | $5.2M | Add +0.1% |
| TRV The Travelers Cos Inc. | 0.15% | 15,446 | $5.1M | Reduce -5.4% |
| DE Deere & Co. | 0.15% | 7,969 | $5.1M | Reduce -0.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.14% | 53,463 | $4.6M | Reduce -9.0% |
| VIG Vanguard Dividend Apprec ETF | 0.13% | 18,842 | $4.5M | Reduce -0.6% |
| CTAS Cintas Corp. | 0.13% | 26,027 | $4.4M | Reduce -2.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $15.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 10,887 | $12.6M | Reduce -2.1% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,326 | $2.9M | Reduce -0.2% |
Total filed on the 13F, all lines: $3.4B.
Portfolio Sells Q1 2026 → Q2 2026
| COST Costco Wholesale Corp. | Reduce -1.0% | 3.11% | −0.63 |
| CVX Chevron Corp. | Reduce -0.8% | 1.54% | −0.63 |
| WMT Walmart Inc. | Reduce -0.1% | 1.88% | −0.43 |
| MCD McDonald's Corp. | Reduce -20.4% | 0.49% | −0.30 |
| XLE SS Energy Select Sector | Reduce -0.2% | 1.02% | −0.30 |
| ABT Abbott Laboratories | Reduce -40.4% | 0.21% | −0.23 |
| WM Waste Management Inc. | Reduce -1.6% | 1.21% | −0.21 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.19 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 0.92% | −0.18 |
| VZ Verizon Communications Inc. | Reduce -1.3% | 0.29% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -2.6% | 0.75% | −0.10 |
| BX Blackstone Inc. | Reduce -1.8% | 0.72% | −0.08 |
| VDE Vanguard Energy ETF | Reduce -4.7% | 0.21% | −0.07 |
| HD Home Depot Inc. | Reduce -0.9% | 1.42% | −0.07 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.6% | 0.22% | −0.07 |
| ACN Accenture PLC Class A | Reduce -10.2% | 0.07% | −0.06 |
| LOW Lowe's Cos Inc. | Reduce -5.8% | 0.23% | −0.06 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.06 |
| DHR Danaher Corp. | Reduce -3.4% | 0.36% | −0.05 |
| VAW Vanguard Materials ETF | Reduce -8.5% | 0.27% | −0.05 |
| HON Honeywell International Inc. | Reduce -0.9% | 0.04% | −0.05 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.05 |
| NKE Nike Inc. Class B | Reduce -10.1% | 0.08% | −0.05 |
| ADP Automatic Data Processing | Reduce -3.1% | 0.95% | −0.04 |
| APD Air Products & Chemicals Inc. | Reduce -1.2% | 0.34% | −0.04 |
| ECL Ecolab Inc. | Reduce -0.3% | 0.56% | −0.04 |
| O Realty Income Corp. | Reduce -1.1% | 0.34% | −0.04 |
| ADBE Adobe Inc. | Reduce -58.9% | 0.02% | −0.04 |
| GLD SPDR Gold Shares | Reduce -1.7% | 0.11% | −0.04 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 0.26% | −0.04 |
| FENY Fidelity MSCI Energy Index | Reduce -0.5% | 0.12% | −0.03 |
| GPC Genuine Parts Co. | Reduce -19.6% | 0.13% | −0.03 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.2% | 0.42% | −0.03 |
| SPGI S&P Global Inc. | Reduce -8.8% | 0.11% | −0.03 |
| ROST Ross Stores Inc. | Reduce -1.1% | 0.19% | −0.03 |
| VPU Vanguard Utilities ETF | Reduce -0.8% | 0.21% | −0.03 |
| CSL Carlisle Cos Inc. | Reduce -1.3% | 0.62% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -18.3% | 0.07% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -6.5% | 0.12% | −0.02 |
| CLX Clorox Company | Reduce -7.8% | 0.08% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -15.0% | 0.09% | −0.02 |
| FDX FedEx Corp. | Reduce -6.1% | 0.06% | −0.02 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.02 |
| DVY iShares Select Dividend ETF | Reduce -0.3% | 0.25% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -3.3% | 0.06% | −0.02 |
| LH Labcorp Holdings Inc. | Reduce -1.9% | 0.24% | −0.02 |
| GILD Gilead Sciences Inc. | Reduce -1.3% | 0.08% | −0.02 |
| KR Kroger Co. | Reduce -2.9% | 0.04% | −0.02 |
| PEG Public Service Enterprise GP | Reduce -0.7% | 0.16% | −0.02 |
| AZO AutoZone Inc. | Reduce -0.1% | 0.11% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| XLK SS Technology Select Sector | Add +0.5% | 7.71% | +1.73 |
| VGT Vanguard Info Tech ETF | Add +1.0% | 2.20% | +0.42 |
| CAT Caterpillar Inc. | Add +1.0% | 1.58% | +0.42 |
| SMH Vaneck Semiconductor ETF | Add +10.1% | 0.48% | +0.20 |
| LLY Eli Lilly & Co. | Add +1.7% | 0.88% | +0.14 |
| LRCX Lam Research Corp. | Add +6.0% | 0.17% | +0.08 |
| NVDA Nvidia Corp. | Add +0.8% | 2.23% | +0.07 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.35% | +0.06 |
| XLV SS Health Care Select Sector | Add +7.0% | 1.65% | +0.06 |
| MU Micron Technology Inc. | Add +1.8% | 0.08% | +0.05 |
| INTC Intel Corp. | Add +24.2% | 0.07% | +0.05 |
| XBI SS SPDR S&P Biotech ETF | Add +264.5% | 0.06% | +0.05 |
| XLY SS Consumer Disc Select Sect | Add +6.2% | 1.84% | +0.04 |
| CVS CVS Health Corp. | Add +19.7% | 0.10% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.4% | 0.16% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.03% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.2% | 0.84% | +0.03 |
| ECHO Echostar Corp. Class A | New | 0.03% | +0.03 |
| AMD Advanced Micro Devices | Add +1.9% | 0.05% | +0.03 |
| VCR Vanguard Consumer Discre ETF | Add +3.7% | 1.06% | +0.03 |
| VHT Vanguard Health Care ETF | Add +6.4% | 0.51% | +0.02 |
| GE General Electric | Add +14.7% | 0.08% | +0.02 |
| STX Seagate Technology Holdings | Add +0.6% | 0.04% | +0.02 |
| SPG Simon Property Group Inc. | New | 0.02% | +0.02 |
| VRTX Vertex Pharmaceuticals Inc. | Add +105.4% | 0.04% | +0.02 |
| WDC Western Digital Corp. | Add +21.8% | 0.03% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +1.2% | 2.22% | +0.02 |
| ORCL Oracle Corp. | Add +28.9% | 0.12% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +27.6% | 0.06% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.9% | 0.20% | +0.01 |
| DDOG Datadog Inc. Class A | Add +20.6% | 0.02% | +0.01 |
| IGV iShares Expanded Tech-Softwa | Add +54.5% | 0.04% | +0.01 |
| ETN Eaton Corp. PLC | Add +0.1% | 0.22% | +0.01 |
| SCHA Schwab US Small-Cap ETF | New | 0.01% | +0.01 |
| EXI iShares Global Industrials E | New | 0.01% | +0.01 |
| SNDK Sandisk Corp. | New | 0.01% | +0.01 |
| HPE Hewlett Packard Enterprise | New | 0.01% | +0.01 |
| SPCX Space Exploration Techn Class A | New | 0.01% | +0.01 |
| TFPM Triple Flag Precious Met | New | 0.01% | +0.01 |
| IXG iShares Global Financials Et | Add +46.3% | 0.04% | +0.01 |
| GEV GE Vernova Inc. | Add +1.8% | 0.05% | +0.01 |
| CARR Carrier Global Corp. | Add +41.6% | 0.02% | +0.01 |
| LUV Southwest Airlines Co. | New | 0.01% | +0.01 |
| FLEX Flex Ltd. | New | 0.01% | +0.01 |
| ST Sensata Technologies Holdplc | Add +52.8% | 0.02% | +0.01 |
| URI United Rentals Inc. | New | 0.01% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.7% | 0.26% | +0.01 |
| IGM iShares Expanded Tech Sector | New | 0.01% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +20.2% | 0.05% | +0.01 |
| DVN Devon Energy Corp. | New | 0.01% | +0.01 |
Notes & Other Activity Q1 2026 → Q2 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -2.1% | 10,887 | $12.6M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -0.2% | 2,326 | $2.9M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 398 | $3.4B | XLK, AAPL, MSFT, COST, GOOGL |
| Q1 2026 | 391 | $3.0B | AAPL, XLK, COST, MSFT, GOOGL |
| Q4 2025 | 392 | $3.1B | AAPL, XLK, MSFT, COST, GOOGL |
| Q3 2025 | 381 | $3.1B | AAPL, XLK, MSFT, COST, AMZN |
| Q2 2025 | 375 | $3.0B | AAPL, XLK, MSFT, COST, XLC |
| Q1 2025 | 359 | $2.8B | AAPL, XLK, MSFT, COST, XLC |
| Q4 2024 | 364 | $2.9B | AAPL, XLK, MSFT, COST, AMZN |
| Q3 2024 | 370 | $2.9B | AAPL, XLK, MSFT, COST, VTI |
| Q2 2024 | 364 | $2.8B | AAPL, XLK, MSFT, COST, AMZN |
| Q1 2024 | 374 | $2.7B | AAPL, XLK, MSFT, COST, AMZN |