KCM Investment Advisors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), KCM Investment Advisors LLC reported 374 stock positions worth $2.7 billion. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by SS Technology Select Sector (XLK, 5.4%) and Microsoft (MSFT, 5.0%). Compared with Q4 2023, it opened 24 new positions, sold out of 13, added to 145 and reduced 154. The biggest buy was Blackstone (BX, shares +127%) and the biggest sale Apple (AAPL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001109228
- Portfolio Value
- $2.7B (Q1 2024)
- SEC Filing
- 0001941040-24-000238 ↗ filed May 7, 2024
Holdings Value
Holdings 374 stocks · $2.7B
| AAPL Apple Inc. | 6.05% | 949,141 | $162.8M | Reduce -0.1% |
| XLK SS Technology Select Sector | 5.43% | 701,719 | $146.1M | Reduce -3.3% |
| MSFT Microsoft Corp. | 5.00% | 319,785 | $134.5M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 3.39% | 124,315 | $91.1M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 2.24% | 333,463 | $60.2M | Add +1.7% |
| VTI VG Morningstar TS MKT ETF-US | 2.15% | 222,264 | $57.8M | Reduce -0.3% |
| CVX Chevron Corp. | 1.94% | 331,550 | $52.3M | Add +2.5% |
| XLC SS Comm Select Sector SPDR | 1.93% | 636,477 | $52.0M | Add +3.6% |
| HD Home Depot Inc. | 1.88% | 132,012 | $50.6M | Reduce -0.3% |
| ADP Automatic Data Processing | 1.74% | 186,919 | $46.7M | Reduce -0.4% |
| XLV SS Health Care Select Sector | 1.71% | 311,332 | $46.0M | Reduce -1.5% |
| V Visa Inc. Class A | 1.69% | 162,502 | $45.4M | Add +0.6% |
| VGT Vanguard Info Tech ETF | 1.58% | 81,253 | $42.6M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 1.57% | 279,797 | $42.2M | Add +3.4% |
| WM Waste Management Inc. | 1.56% | 197,074 | $42.0M | Reduce -0.9% |
| XLY SS Consumer Disc Select Sect | 1.53% | 224,063 | $41.2M | Add +0.6% |
| JNJ Johnson & Johnson | 1.39% | 236,427 | $37.4M | Reduce -0.6% |
| VFH Vanguard Financials ETF | 1.36% | 356,950 | $36.5M | Add +3.9% |
| PG The Procter & Gamble Co. | 1.35% | 224,245 | $36.4M | Reduce -1.2% |
| XLF SS Financial Select Sector | 1.34% | 853,366 | $35.9M | Add +8.9% |
| NVDA Nvidia Corp. | 1.32% | 39,254 | $35.5M | Reduce -10.5% |
| WMT Walmart Inc. | 1.31% | 586,082 | $35.3M | Add +4.3% |
| JPM JPMorgan Chase & Co. | 1.31% | 175,691 | $35.2M | Add +3.1% |
| VOX Vanguard Communication Servi | 1.23% | 252,211 | $33.1M | Add +1.6% |
| XLE SS Energy Select Sector | 1.23% | 349,130 | $33.0M | Add +2.0% |
| XLI SS Industrial Select Sector | 1.19% | 253,584 | $31.9M | Reduce -0.7% |
| XLP SS Consumer Staples Sel Sect | 1.18% | 416,735 | $31.8M | Add +8.9% |
| TT Trane Technologies PLC | 1.15% | 103,211 | $31.0M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 1.10% | 38,191 | $29.7M | Reduce -0.1% |
| VHT Vanguard Health Care ETF | 1.06% | 105,169 | $28.5M | Add +1.3% |
| VCR Vanguard Consumer Discre ETF | 0.99% | 83,681 | $26.6M | Add +2.6% |
| AMGN Amgen Inc. | 0.96% | 91,125 | $25.9M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.94% | 48,538 | $25.4M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 0.88% | 156,226 | $23.8M | Add +2.8% |
| NEE Nextera Energy Inc. | 0.88% | 370,084 | $23.7M | Reduce -0.2% |
| DHR Danaher Corp. | 0.84% | 90,664 | $22.6M | Reduce -1.0% |
| UPS United Parcel Service Class B | 0.83% | 150,060 | $22.3M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.80% | 76,474 | $21.6M | Reduce -1.1% |
| BX Blackstone Inc. | 0.79% | 161,976 | $21.3M | Add +126.6% |
| CAT Caterpillar Inc. | 0.75% | 55,188 | $20.2M | Reduce -0.8% |
| VIS Vanguard Industrials ETF | 0.75% | 82,184 | $20.1M | Add +0.5% |
| ECL Ecolab Inc. | 0.68% | 79,516 | $18.4M | Reduce -1.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.68% | 40,995 | $18.2M | Add +2.7% |
| ABT Abbott Laboratories | 0.62% | 146,516 | $16.7M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.61% | 433,396 | $16.4M | Reduce -10.7% |
| CCI Crown Castle Inc. | 0.58% | 147,362 | $15.6M | Reduce -3.3% |
| ABBV Abbvie Inc. | 0.54% | 79,540 | $14.5M | Add +0.1% |
| NKE Nike Inc. Class B | 0.50% | 141,985 | $13.3M | Reduce -3.2% |
| SBUX Starbucks Corp. | 0.50% | 145,905 | $13.3M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.48% | 308,941 | $13.0M | Reduce -1.0% |
| SDY SS SPDR S&P Dividend ETF | 0.47% | 97,161 | $12.8M | Reduce -2.7% |
| KMB Kimberly-Clark Corp. | 0.47% | 98,166 | $12.7M | Reduce -5.4% |
| AMD Advanced Micro Devices | 0.47% | 69,950 | $12.6M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 28,562 | $12.0M | Add +11.6% |
| O Realty Income Corp. | 0.44% | 219,077 | $11.9M | Add +0.3% |
| VDC Vanguard Consumer Staple ETF | 0.43% | 56,855 | $11.6M | Add +1.0% |
| KLAC KLA Corp. | 0.42% | 16,329 | $11.4M | Add +0.2% |
| APD Air Products & Chemicals Inc. | 0.42% | 46,171 | $11.2M | Reduce -4.8% |
| LOW Lowe's Cos Inc. | 0.40% | 41,902 | $10.7M | Reduce -0.4% |
| AVGO Broadcom Inc. | 0.39% | 7,832 | $10.4M | Reduce -0.8% |
| GPC Genuine Parts Co. | 0.38% | 65,973 | $10.2M | Add +2.3% |
| AMAT Applied Materials Inc. | 0.38% | 49,333 | $10.2M | Add +2.0% |
| EIX Edison International | 0.38% | 143,038 | $10.1M | Add +0.0% |
| MRK Merck & Co. Inc. | 0.38% | 76,530 | $10.1M | Add +5.8% |
| CLX Clorox Company | 0.37% | 65,230 | $10.0M | Reduce -3.7% |
| UNH Unitedhealth Group Inc. | 0.37% | 19,906 | $9.8M | Add +1.8% |
| XLB SS Materials Select Sector | 0.35% | 100,398 | $9.3M | Reduce -1.4% |
| VNQ Vanguard Real Estate ETF | 0.34% | 107,022 | $9.3M | Add +12.8% |
| MDY State Street SPDR S&P Midcap | 0.33% | 15,984 | $8.9M | Reduce -3.3% |
| VDE Vanguard Energy ETF | 0.33% | 67,283 | $8.9M | Reduce -0.5% |
| VAW Vanguard Materials ETF | 0.31% | 40,680 | $8.3M | Add +0.5% |
| UNP Union Pacific Corp. | 0.30% | 33,008 | $8.1M | Reduce -2.3% |
| ACN Accenture PLC Class A | 0.30% | 23,054 | $8.0M | Add +2.5% |
| PEP Pepsico Inc. | 0.30% | 45,652 | $8.0M | Reduce -0.4% |
| QCOM Qualcomm Inc. | 0.27% | 42,771 | $7.2M | Reduce -1.5% |
| LH Laboratory CRP of Amer Hldgs | 0.27% | 33,037 | $7.2M | Reduce -0.7% |
| SCHW Schwab (charles) Corp. | 0.26% | 95,604 | $6.9M | Add +23.9% |
| ELV Elevance Health Inc. | 0.26% | 13,294 | $6.9M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 0.24% | 12,377 | $6.5M | Add +1.4% |
| DVY iShares Select Dividend ETF | 0.24% | 52,365 | $6.5M | Reduce -0.8% |
| LIN Linde PLC | 0.23% | 13,598 | $6.3M | Reduce -1.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.23% | 95,439 | $6.3M | Reduce -12.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.23% | 51,106 | $6.3M | Reduce -26.4% |
| CL Colgate-Palmolive Co. | 0.23% | 69,276 | $6.2M | Reduce -2.6% |
| TMO Thermo Fisher Scientific Inc. | 0.22% | 10,287 | $6.0M | Reduce -2.8% |
| CTAS Cintas Corp. | 0.22% | 8,594 | $5.9M | Reduce -2.4% |
| CSL Carlisle Cos Inc. | 0.21% | 14,400 | $5.6M | Add +0.3% |
| GD General Dynamics Corp. | 0.21% | 19,946 | $5.6M | Add +0.7% |
| ETN Eaton Corp. PLC | 0.20% | 17,528 | $5.5M | Reduce -1.0% |
| SPGI S&P Global Inc. | 0.20% | 12,798 | $5.4M | Add +3.2% |
| MDT Medtronic PLC | 0.19% | 59,961 | $5.2M | Reduce -32.2% |
| SCHD Schwab US DVD Equity ETF | 0.19% | 64,787 | $5.2M | Reduce -2.1% |
| FENY Fidelity MSCI Energy Index | 0.19% | 201,163 | $5.2M | Add +1.2% |
| ZBH Zimmer Biomet Holdings Inc. | 0.19% | 38,853 | $5.1M | Reduce -1.0% |
| PGX Invesco Preferred ETF | 0.19% | 431,554 | $5.1M | Reduce -7.9% |
| CSCO Cisco Systems Inc. | 0.19% | 101,660 | $5.1M | Reduce -6.3% |
| USB US Bancorp | 0.18% | 110,596 | $4.9M | Reduce -2.1% |
| DE Deere & Co. | 0.18% | 11,739 | $4.8M | Reduce -2.3% |
| ROST Ross Stores Inc. | 0.18% | 32,269 | $4.7M | Add +4.0% |
| CRM Salesforce Inc. | 0.17% | 15,471 | $4.7M | Reduce -8.0% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $18.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 13,362 | $16.3M | Reduce -14.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 1,424 | $1.7M | Add +32.8% |
Total filed on the 13F, all lines: $2.7B.
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.1% | 6.05% | −1.29 |
| XLK SS Technology Select Sector | Reduce -3.3% | 5.43% | −0.17 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.15 |
| NKE Nike Inc. Class B | Reduce -3.2% | 0.50% | −0.14 |
| CCI Crown Castle Inc. | Reduce -3.3% | 0.58% | −0.13 |
| UPS United Parcel Service Class B | Reduce -0.1% | 0.83% | −0.12 |
| MCD McDonald's Corp. | Reduce -1.1% | 0.80% | −0.12 |
| APD Air Products & Chemicals Inc. | Reduce -4.8% | 0.42% | −0.12 |
| KRC Kilroy Realty Corp. | Sold out | 0.00% | −0.11 |
| JNJ Johnson & Johnson | Reduce -0.6% | 1.39% | −0.11 |
| BCE Bce Inc. | Sold out | 0.00% | −0.10 |
| MDT Medtronic PLC | Reduce -32.2% | 0.19% | −0.10 |
| HSY The Hershey Co. | Reduce -91.2% | 0.01% | −0.09 |
| MMM 3M Co. | Reduce -38.9% | 0.11% | −0.09 |
| SBUX Starbucks Corp. | Reduce -1.6% | 0.50% | −0.08 |
| TSLA Tesla Inc. | Reduce -0.3% | 0.13% | −0.07 |
| BMY Bristol-Myers Squibb Co. | Reduce -51.3% | 0.05% | −0.06 |
| BAC Bank of America Corp. | Reduce -10.7% | 0.61% | −0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -12.6% | 0.23% | −0.04 |
| TRV The Travelers Cos Inc. | Reduce -34.0% | 0.13% | −0.04 |
| LH Laboratory CRP of Amer Hldgs | Reduce -0.7% | 0.27% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -5.4% | 0.47% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.62% | −0.03 |
| BA The Boeing Co. | Reduce -2.0% | 0.07% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -6.3% | 0.19% | −0.03 |
| UNP Union Pacific Corp. | Reduce -2.3% | 0.30% | −0.03 |
| SDY SS SPDR S&P Dividend ETF | Reduce -2.7% | 0.47% | −0.03 |
| BEP Brookfield Renewable Partner | Sold out | 0.00% | −0.03 |
| PGX Invesco Preferred ETF | Reduce -7.9% | 0.19% | −0.03 |
| NEE Nextera Energy Inc. | Reduce -0.2% | 0.88% | −0.02 |
| BXMT Blackstone Mortgage Tru Class A | Reduce -51.8% | 0.02% | −0.02 |
| DDOG Datadog Inc. Class A | Sold out | 0.00% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -1.5% | 1.71% | −0.02 |
| ADP Automatic Data Processing | Reduce -0.4% | 1.74% | −0.02 |
| INTC Intel Corp. | Reduce -1.6% | 0.08% | −0.02 |
| DIS The Walt Disney Co. | Reduce -26.4% | 0.23% | −0.02 |
| AMT American Tower Corp. | Reduce -7.3% | 0.07% | −0.02 |
| CLX Clorox Company | Reduce -3.7% | 0.37% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.30% | −0.02 |
| DEI Douglas Emmett Inc. | Sold out | 0.00% | −0.01 |
| PSA Public Storage | Reduce -9.1% | 0.06% | −0.01 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.01 |
| WEC WEC Energy Group Inc. | Reduce -9.2% | 0.07% | −0.01 |
| DE Deere & Co. | Reduce -2.3% | 0.18% | −0.01 |
| USB US Bancorp | Reduce -2.1% | 0.18% | −0.01 |
| MS Morgan Stanley | Reduce -4.5% | 0.10% | −0.01 |
| SRE Sempra | Reduce -1.1% | 0.09% | −0.01 |
| ESS Essex Property Trust Inc. | Reduce -36.7% | 0.01% | −0.01 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.01 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| BX Blackstone Inc. | Add +126.6% | 0.79% | +0.42 |
| AMZN Amazon.com Inc. | Add +1.7% | 2.24% | +0.24 |
| XLF SS Financial Select Sector | Add +8.9% | 1.34% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +3.1% | 1.31% | +0.14 |
| XLC SS Comm Select Sector SPDR | Add +3.6% | 1.93% | +0.14 |
| WMT Walmart Inc. | Add +4.3% | 1.31% | +0.13 |
| VFH Vanguard Financials ETF | Add +3.9% | 1.36% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.6% | 0.45% | +0.08 |
| XLP SS Consumer Staples Sel Sect | Add +8.9% | 1.18% | +0.08 |
| XLE SS Energy Select Sector | Add +2.0% | 1.23% | +0.07 |
| TMUS T-Mobile US Inc. | Add +504.0% | 0.09% | +0.07 |
| AMAT Applied Materials Inc. | Add +2.0% | 0.38% | +0.06 |
| MRK Merck & Co. Inc. | Add +5.8% | 0.38% | +0.06 |
| VOX Vanguard Communication Servi | Add +1.6% | 1.23% | +0.06 |
| VRT Vertiv Holdings Co. Class A | New | 0.05% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 1.57% | +0.05 |
| ABBV Abbvie Inc. | Add +0.1% | 0.54% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +23.9% | 0.26% | +0.04 |
| KLAC KLA Corp. | Add +0.2% | 0.42% | +0.04 |
| SCCO Southern Copper Corp. | Add +85.2% | 0.08% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| META Meta Platforms Inc. Class A | Add +11.7% | 0.12% | +0.04 |
| CSL Carlisle Cos Inc. | Add +0.3% | 0.21% | +0.03 |
| AXP American Express Co. | Add +18.6% | 0.11% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +2.8% | 0.88% | +0.02 |
| VIS Vanguard Industrials ETF | Add +0.5% | 0.75% | +0.02 |
| GPC Genuine Parts Co. | Add +2.3% | 0.38% | +0.02 |
| MPC Marathon Petroleum Corp. | Add +8.1% | 0.08% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.7% | 0.68% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +159.1% | 0.03% | +0.02 |
| TEAM Atlassian Corp. Class A | New | 0.02% | +0.02 |
| AZO AutoZone Inc. | Add +0.4% | 0.14% | +0.02 |
| PCAR Paccar Inc. | Add +10.3% | 0.07% | +0.02 |
| FAST Fastenal Co. | Add +98.9% | 0.03% | +0.01 |
| DLR Digital Realty Trust Inc. | New | 0.01% | +0.01 |
| SHEL Shell PLC-ADR | New | 0.01% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +0.5% | 1.58% | +0.01 |
| XOM Exxon Mobil Corp. | Add +1.9% | 0.15% | +0.01 |
| VHT Vanguard Health Care ETF | Add +1.3% | 1.06% | +0.01 |
| PGR Progressive Corp. | New | 0.01% | +0.01 |
| MPWR Monolithic Power Systems Inc. | New | 0.01% | +0.01 |
| LHX L3HARRIS Technologies Inc. | Add +22.1% | 0.09% | +0.01 |
| HACK Amplify Cybersecurity ETF | New | 0.01% | +0.01 |
| AMP Ameriprise Financial Inc. | New | 0.01% | +0.01 |
| FTNT Fortinet Inc. | Add +3.0% | 0.10% | +0.01 |
| VLO Valero Energy Corp. | Add +19.4% | 0.03% | +0.01 |
| CB Chubb Ltd. | Add +2.1% | 0.13% | +0.01 |
| IPG Interpublic Group of Cos Inc. | New | 0.01% | +0.01 |
| CSGP Costar Group Inc. | New | 0.01% | +0.01 |
| FENY Fidelity MSCI Energy Index | Add +1.2% | 0.19% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -14.6% | 13,362 | $16.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +32.8% | 1,424 | $1.7M |
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 |