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

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.7B $2.7B Q1 2024 Q2 2024: $2.8B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $2.8B Q1 2025 Q2 2025: $3.0B Q2 2025 Q3 2025: $3.1B Q3 2025 Q4 2025: $3.1B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.4B Q2 2026

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%
NUE Nucor Corp. 0.17% 23,540 $4.7M Add +0.2%
VPU Vanguard Utilities ETF 0.17% 32,625 $4.7M Add +1.3%
ADBE Adobe Inc. 0.17% 9,189 $4.6M Add +0.5%
SCHB Schwab US Broad Market ETF 0.17% 73,894 $4.5M Add +0.0%
PEG Public Service Enterprise GP 0.17% 67,147 $4.5M Reduce -2.8%
FDIS Fidelity MSCI Cons Discr Ind 0.16% 50,677 $4.2M Add +0.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.15% 11,622 $4.0M No change
TGT Target Corp. 0.15% 22,469 $4.0M Reduce -0.2%
PFE Pfizer Inc. 0.15% 143,467 $4.0M Add +2.5%
XOM Exxon Mobil Corp. 0.15% 33,733 $3.9M Add +1.9%
AZO AutoZone Inc. 0.14% 1,231 $3.9M Add +0.4%
XLRE SS Real Estate Select Sector 0.14% 95,485 $3.8M Add +16.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.14% 14,652 $3.7M No change
PLD Prologis Inc. 0.14% 27,897 $3.6M Add +1.6%
TSLA Tesla Inc. 0.13% 20,408 $3.6M Reduce -0.3%
CB Chubb Ltd. 0.13% 13,825 $3.6M Add +2.1%
VIG Vanguard Dividend Apprec ETF 0.13% 19,202 $3.5M Reduce -0.8%
LULU Lululemon Athletica Inc. 0.13% 8,930 $3.5M Add +3.2%
HON Honeywell International Inc. 0.13% 16,887 $3.5M Add +2.9%
TRV The Travelers Cos Inc. 0.13% 14,658 $3.4M Reduce -34.0%
META Meta Platforms Inc. Class A 0.12% 6,721 $3.3M Add +11.7%
KO The Coca-Cola Co. 0.12% 52,066 $3.2M Add +2.7%
FNY First Trust Mid Cap Growth 0.11% 38,618 $2.9M Reduce -2.5%
MMM 3M Co. 0.11% 27,306 $2.9M Reduce -38.9%
IBB iShares Biotechnology ETF 0.11% 20,922 $2.9M Reduce -0.9%
AXP American Express Co. 0.11% 12,502 $2.8M Add +18.6%
ITW Illinois Tool Works 0.11% 10,576 $2.8M Reduce -0.3%
FTNT Fortinet Inc. 0.10% 40,440 $2.8M Add +3.0%
MKC McCormick & Co.-Non VTG SHRS 0.10% 35,557 $2.7M Reduce -0.5%
XLG Invesco S&P 500 Top 50 ETF 0.10% 64,176 $2.7M No change
GS Goldman Sachs Group Inc. 0.10% 6,379 $2.7M Reduce -7.9%
MS Morgan Stanley 0.10% 27,656 $2.6M Reduce -4.5%
LMT Lockheed Martin Corp. 0.10% 5,654 $2.6M Reduce -1.8%
DGRO iShares Core Dividend Growth 0.10% 44,181 $2.6M Reduce -0.2%
IJH iShares Core S&P Midcap ETF 0.09% 41,543 $2.5M Reduce -1.8%
ORCL Oracle Corp. 0.09% 19,601 $2.5M Reduce -3.3%
SO The Southern Co. 0.09% 34,038 $2.4M Add +2.8%
PPL PPL Corp. 0.09% 87,661 $2.4M Add +1.4%
LHX L3HARRIS Technologies Inc. 0.09% 11,135 $2.4M Add +22.1%
WFC Wells Fargo & Co. 0.09% 40,608 $2.4M Reduce -9.9%
TMUS T-Mobile US Inc. 0.09% 14,109 $2.3M Add +504.0%
SRE Sempra 0.09% 31,996 $2.3M Reduce -1.1%
MAR Marriott International Class A 0.08% 8,990 $2.3M Reduce -3.1%
LEN Lennar Corp. Class A 0.08% 12,794 $2.2M Reduce -2.0%
FCX Freeport-McMoran Inc. 0.08% 45,831 $2.2M Add +1.7%
MPC Marathon Petroleum Corp. 0.08% 10,651 $2.1M Add +8.1%
IAT iShares US Regional Banks Et 0.08% 48,929 $2.1M Add +3.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.08% 5,316 $2.1M No change
SCCO Southern Copper Corp. 0.08% 19,720 $2.1M Add +85.2%
ORLY O'reilly Automotive Inc. 0.08% 1,838 $2.1M Add +0.6%
INTC Intel Corp. 0.08% 46,702 $2.1M Reduce -1.6%
SHW The Sherwin-Williams Co. 0.08% 5,900 $2.0M Reduce -4.0%
ROP Roper Technologies Inc. 0.08% 3,632 $2.0M No change
BLK BlackRock Finance Inc. 0.07% 2,420 $2.0M Add +0.3%
ALL Allstate Corp. 0.07% 11,654 $2.0M Add +0.1%
J Jacobs Solutions Inc. 0.07% 13,023 $2.0M Reduce -1.0%
OMC Omnicom Group 0.07% 20,425 $2.0M Add +9.6%
MA Mastercard Inc. Class A 0.07% 3,969 $1.9M Add +6.5%
PCAR Paccar Inc. 0.07% 15,369 $1.9M Add +10.3%
AMT American Tower Corp. 0.07% 9,338 $1.8M Reduce -7.3%
FDX FedEx Corp. 0.07% 6,310 $1.8M Reduce -0.3%
VYM Vanguard High DVD Yield ETF 0.07% 15,069 $1.8M Reduce -0.2%
SCHM Schwab US Mid Cap ETF 0.07% 21,861 $1.8M Reduce -2.8%
BA The Boeing Co. 0.07% 9,219 $1.8M Reduce -2.0%
UL Unilever PLC 0.07% 35,192 $1.8M Add +12.8%
CVS CVS Health Corp. 0.07% 22,095 $1.8M Reduce -0.0%
WEC WEC Energy Group Inc. 0.07% 21,439 $1.8M Reduce -9.2%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.07% 21,910 $1.8M No change
OEF iShares S&P 100 ETF 0.06% 6,841 $1.7M Add +0.0%
EMR Emerson Electric Co. 0.06% 14,906 $1.7M Reduce -1.0%
CDNS Cadence Design SYS Inc. 0.06% 5,421 $1.7M Add +5.9%
RTX RTX Corp. 0.06% 17,154 $1.7M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 8,607 $1.6M Reduce -0.8%
CAH Cardinal Health Inc. 0.06% 14,572 $1.6M Add +0.6%
CMCSA Comcast Corp. Class A 0.06% 37,123 $1.6M Add +8.8%
IWF iShares Russell 1000 Growth 0.06% 4,739 $1.6M Add +0.3%
PSA Public Storage 0.06% 5,390 $1.6M Reduce -9.1%
JCI Johnson Controls Internation 0.06% 23,875 $1.6M Reduce -1.2%
SWK Stanley Black & Decker Inc. 0.06% 15,814 $1.5M Reduce -4.7%
LRCX Lam Research Corp. 0.06% 1,545 $1.5M Add +0.1%
QUAL iShares MSCI USA Quality Fac 0.06% 9,024 $1.5M Add +15.0%
FIDU Fidelity MSCI Indust Indx 0.05% 21,548 $1.5M Add +0.2%
ALB Albemarle Corp. 0.05% 11,061 $1.5M Add +32.3%
CORT Corcept Therapeutics Inc. 0.05% 57,226 $1.4M Add +7.6%
VRT Vertiv Holdings Co. Class A 0.05% 17,595 $1.4M New
FHLC Fidelity MSCI Health Care 0.05% 19,964 $1.4M Add +0.0%
DLN Wisdomtree US Largecap Divid 0.05% 19,068 $1.4M Add +0.4%
RSP Invesco S&P 500 Equal Weight 0.05% 8,119 $1.4M Add +8.5%
BMY Bristol-Myers Squibb Co. 0.05% 25,353 $1.4M Reduce -51.3%
PH Parker Hannifin Corp. 0.05% 2,454 $1.4M Add +9.1%
KR Kroger Co. 0.05% 23,220 $1.3M Add +2.0%
FITB Fifth Third Bancorp 0.05% 35,567 $1.3M Reduce -5.2%
COP Conocophillips 0.05% 10,221 $1.3M Add +0.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 10,234 $1.2M Reduce -8.4%
ACWI iShares MSCI Acwi ETF 0.05% 11,155 $1.2M No change
CARR Carrier Global Corp. 0.05% 20,998 $1.2M Reduce -5.4%
GLW Corning Inc. 0.04% 36,274 $1.2M Add +2.2%
XYL Xylem Inc. 0.04% 9,189 $1.2M Reduce -12.5%
IYF iShares US Financials ETF 0.04% 12,050 $1.2M Add +0.1%
BKNG Booking Holdings Inc. 0.04% 314 $1.1M Add +5.7%
FNDX Schwab Fndmntl US LRG Co. ETF 0.04% 16,709 $1.1M No change
VEA Vanguard Ftse Developed ETF 0.04% 22,402 $1.1M Reduce -5.7%
A Agilent Technologies Inc. 0.04% 7,693 $1.1M Reduce -1.4%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 4,880 $1.1M Reduce -2.0%
ENPH Enphase Energy Inc. 0.04% 8,987 $1.1M Add +1.4%
WMB Williams Cos Inc. 0.04% 27,749 $1.1M Add +22.9%
IUSV iShares Core S&P U.S. Value 0.04% 11,935 $1.1M No change
TSM Taiwan Semiconductor-SP ADR 0.04% 7,394 $1.0M New
PFF iShares Preferred & Income S 0.04% 30,278 $976K Reduce -8.6%
IOO iShares Global 100 ETF 0.04% 10,872 $972K No change
NVS Novartis AG-Sponsored ADR 0.04% 10,028 $970K Reduce -1.1%
ISRG Intuitive Surgical Inc. 0.04% 2,418 $965K Reduce -2.7%
SCHX Schwab US Large-Cap ETF 0.03% 14,978 $930K Reduce -7.5%
XNTK SS SPDR Nyse Tech ETF 0.03% 4,985 $909K No change
STZ Constellation Brands Inc. Class A 0.03% 3,325 $904K Add +15.9%
VLO Valero Energy Corp. 0.03% 5,293 $903K Add +19.4%
VRSK Verisk Analytics Inc. 0.03% 3,779 $891K Reduce -9.6%
IGV iShares Expanded Tech-Softwa 0.03% 10,350 $883K Reduce -16.9%
SYY Sysco Corp. 0.03% 10,750 $873K Add +2.7%
VOO Vanguard S&P 500 ETF 0.03% 1,769 $850K Reduce -4.1%
BDX Becton Dickinson and Co. 0.03% 3,430 $849K Reduce -9.3%
SMH Vaneck Semiconductor ETF 0.03% 3,724 $838K No change
ASML ASML Holding NV-NY Reg SHS 0.03% 829 $805K Add +159.1%
IWM iShares Russell 2000 ETF 0.03% 3,747 $788K Add +34.7%
PSX Phillips 66 0.03% 4,727 $772K Add +20.8%
CI The Cigna Group 0.03% 2,092 $760K Reduce -0.2%
FAST Fastenal Co. 0.03% 9,606 $741K Add +98.9%
ET Energy Transfer LP 0.03% 47,000 $739K No change
SCHG Schwab US Large-Cap Growth 0.03% 7,956 $738K Reduce -6.8%
MDLZ Mondelez International Inc. Class A 0.03% 10,487 $734K Add +2.1%
MCK McKesson Corp. 0.03% 1,355 $727K Add +1.4%
GE General Electric 0.03% 4,111 $722K Add +6.5%
DUK Duke Energy Corp. 0.03% 7,391 $715K Reduce -4.5%
GSLC Goldman Activebeta US LC ETF 0.03% 6,833 $709K Reduce -1.4%
EPD Enterprise Products Partners 0.03% 24,076 $703K Add +0.2%
CMI Cummins Inc. 0.03% 2,327 $686K Add +11.4%
NOW ServiceNow Inc. 0.03% 898 $685K Add +36.5%
IETC iShares U.S. Tech Independen 0.03% 9,636 $682K No change
VEEV Veeva Systems Inc. Class A 0.03% 2,917 $676K No change
GILD Gilead Sciences Inc. 0.03% 9,219 $675K Add +3.8%
CE Celanese Corp. 0.03% 3,914 $673K Reduce -0.4%
T AT&T Inc. 0.02% 37,191 $655K Add +1.5%
BIIB Biogen Inc. 0.02% 2,953 $637K Add +1.6%
BSX Boston Scientific Corp. 0.02% 9,225 $632K Add +1.6%
JBL Jabil Inc. 0.02% 4,527 $606K Add +18.4%
SYK Stryker Corp. 0.02% 1,642 $588K Add +20.6%
WDAY Workday Inc. Class A 0.02% 2,126 $580K Reduce -0.3%
KKR KKR & Co. Inc. 0.02% 5,633 $567K No change
TXN Texas Instruments Inc. 0.02% 3,199 $557K Add +3.5%
AEP American Electric Power 0.02% 6,363 $548K Add +0.6%
FTEC Fidelity MSCI Info Tech Indx 0.02% 3,303 $515K Reduce -5.9%
GIS General Mills Inc. 0.02% 7,319 $512K Add +17.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 2,019 $484K No change
NXPI NXP Semiconductors NV 0.02% 1,954 $484K Add +12.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 4,750 $482K Reduce -5.8%
GLD SPDR Gold Shares 0.02% 2,331 $480K Reduce -1.3%
IR Ingersoll-Rand Inc. 0.02% 5,038 $478K Add +1.8%
LYB Lyondellbasell Indu Class A 0.02% 4,652 $476K Add +3.1%
AZN Astrazeneca PLC-Spons ADR 0.02% 7,018 $475K Reduce -1.4%
C Citigroup Inc. 0.02% 7,447 $471K Add +19.7%
IJR iShares Core S&P Small-Cap E 0.02% 4,247 $469K Reduce -11.4%
AFL Aflac Inc. 0.02% 5,460 $469K Add +28.8%
INTU Intuit Inc. 0.02% 716 $465K Add +9.0%
TEAM Atlassian Corp. Class A 0.02% 2,380 $464K New
OXY Occidental Petroleum Corp. 0.02% 7,127 $463K Reduce -4.5%
JWN Nordstrom Inc. 0.02% 22,489 $456K Reduce -2.1%
MO Altria Group Inc. 0.02% 10,249 $447K Add +92.0%
IHI iShares U.S. Medical Devices 0.02% 7,566 $443K No change
BXMT Blackstone Mortgage Tru Class A 0.02% 22,041 $439K Reduce -51.8%
DKS Dick's Sporting Goods Inc. 0.02% 1,912 $430K No change
IVE iShares S&P 500 Value ETF 0.02% 2,238 $418K No change
HUBB Hubbell Inc. 0.02% 1,000 $415K No change
GNRC Generac Holdings Inc. 0.02% 3,260 $411K Reduce -27.3%
DOW Dow Inc. 0.02% 7,018 $407K Reduce -2.5%
IHF iShares U.S. Healthcare Prov 0.02% 7,437 $406K Add +0.2%
DOV Dover Corp. 0.02% 2,287 $405K No change
CLF Cleveland-Cliffs Inc. 0.02% 17,804 $405K Add +9.9%
MP MP Materials Corp. 0.01% 27,995 $400K Add +8.3%
DLR Digital Realty Trust Inc. 0.01% 2,766 $398K New
XEL Xcel Energy Inc. 0.01% 7,409 $398K Add +15.5%
SNPS Synopsys Inc. 0.01% 695 $397K No change
PAYX Paychex Inc. 0.01% 3,190 $392K Add +3.2%
ADM Archer-Daniels-Midland Co. 0.01% 6,217 $391K Reduce -2.0%
FCOM Fidelity MSCI Comm Serv Indx 0.01% 7,860 $390K No change
EW Edwards Lifesciences Corp. 0.01% 4,049 $387K No change
ESS Essex Property Trust Inc. 0.01% 1,580 $387K Reduce -36.7%
FSLR First Solar Inc. 0.01% 2,283 $385K Add +8.7%
SHEL Shell PLC-ADR 0.01% 5,714 $383K New
VTR Ventas Inc. 0.01% 8,769 $382K Add +4.6%
TD Toronto-Dominion Bank 0.01% 6,297 $380K Add +31.5%
NEM Newmont Corp. 0.01% 10,575 $379K Add +1.9%
IVW iShares S&P 500 Growth ETF 0.01% 4,475 $378K No change
NFLX Netflix Inc. 0.01% 620 $377K Add +14.6%
QYLD Global X Nasd 100 Cov Call 0.01% 20,939 $375K No change
NSC Norfolk Southern Corp. 0.01% 1,467 $374K Add +8.0%
AWK American Water Works Co. Inc. 0.01% 3,034 $371K Add +1.0%
WY Weyerhaeuser Co. 0.01% 10,278 $369K Add +9.9%
KEYS Keysight Technologies Inc. 0.01% 2,332 $365K Add +3.6%
ES Eversource Energy 0.01% 5,957 $356K Reduce -0.4%
MASI Masimo Corp. 0.01% 2,415 $355K Reduce -0.4%
VGK Vanguard Ftse Europe ETF 0.01% 5,265 $355K No change
PM Philip Morris International 0.01% 3,868 $354K Add +2.8%
F Ford Motor Co. filed as FORD MTR CO DEL 0.01% 26,487 $352K Add +25.4%
ERTH Invesco MSCI Sustainable Fut 0.01% 8,296 $351K Add +0.8%
XAR SS SPDR S&P Aerospace Def 0.01% 2,473 $347K No change
EVRG Evergy Inc. 0.01% 6,452 $344K Reduce -6.0%
EFA iShares MSCI Eafe ETF 0.01% 4,245 $339K No change
TM Toyota Motor Corp. -Spon ADR 0.01% 1,316 $331K No change
PGR Progressive Corp. 0.01% 1,566 $324K New
OTIS Otis Worldwide Corp. 0.01% 3,227 $320K Reduce -1.9%
PPG PPG Industries Inc. 0.01% 2,203 $319K Add +2.4%
MNDY Monday.com Ltd. 0.01% 1,409 $318K No change
CRL Charles River Laboratories 0.01% 1,172 $318K No change
ENB Enbridge Inc. 0.01% 8,585 $311K Reduce -7.3%
MPWR Monolithic Power Systems Inc. 0.01% 457 $310K New
SOXX iShares Semiconductor ETF 0.01% 1,359 $307K Reduce -4.4%
HACK Amplify Cybersecurity ETF 0.01% 4,592 $294K New
FRT Federal Realty Invs Trust 0.01% 2,876 $294K Reduce -0.7%
CNI Canadian Natl Railway Co. 0.01% 2,212 $291K No change
FDS Factset Research Systems Inc. 0.01% 639 $290K Reduce -36.0%
BAX Baxter International Inc. 0.01% 6,761 $289K Reduce -2.0%
GUNR NT Mstar GLBL NR ETF 0.01% 6,939 $285K No change
PNC PNC Financial Services Group 0.01% 1,760 $284K Add +16.6%
AMP Ameriprise Financial Inc. 0.01% 645 $283K New
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 2,390 $283K No change
DEO Diageo PLC-Sponsored ADR 0.01% 1,892 $281K Reduce -0.4%
IWB iShares Russell 1000 ETF 0.01% 975 $281K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,109 $277K Add +2.2%
CSX CSX Corp. 0.01% 7,383 $274K Reduce -0.4%
ED Consolidated Edison Inc. 0.01% 3,002 $273K Reduce -9.3%
IPG Interpublic Group of Cos Inc. 0.01% 8,272 $270K New
IYJ iShares U.S. Industrials ETF 0.01% 2,135 $268K No change
ARE Alexandria Real Estate Equit 0.01% 2,077 $268K Reduce -11.9%
PPH Vaneck Pharmaceutical ETF 0.01% 2,923 $265K Reduce -9.3%
CSGP Costar Group Inc. 0.01% 2,720 $263K New
VONG Vanguard Russell 1000 Growth 0.01% 3,005 $260K No change
USMV iShares MSCI USA Min Vol Fac 0.01% 3,100 $259K Reduce -2.5%
IJK iShares S&P Mid-Cap 400 Grow 0.01% 2,820 $257K No change
KMI Kinder Morgan Inc. 0.01% 13,828 $254K Reduce -2.9%
MU Micron Technology Inc. 0.01% 2,137 $252K New
IYT iShares US Transportation Et 0.01% 3,540 $249K No change
IAU iShares Gold Trust 0.01% 5,919 $249K No change
PHO Invesco Water Resources ETF 0.01% 3,708 $247K No change
SCHK Schwab 1000 Index ETF 0.01% 4,856 $246K No change
TTE Totalenergies SE -Spon ADR 0.01% 3,553 $245K New
WPM Wheaton Precious Metals Corp. 0.01% 5,076 $239K Reduce -10.3%
FISV Fiserv Inc. 0.01% 1,495 $239K Reduce -3.4%
IYH iShares U.S. Healthcare ETF 0.01% 3,835 $237K No change
IWD iShares Russell 1000 Value E 0.01% 1,309 $234K Reduce -25.6%
APPF Appfolio Inc. Class A 0.01% 948 $234K New
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.01% 13,571 $228K Add +0.0%
MRO Marathon Oil Corp. 0.01% 8,000 $227K New
ADI Analog Devices Inc. 0.01% 1,143 $226K New
XYLD Global X S&P 500 Cove Call E 0.01% 5,533 $226K No change
OKE Oneok Inc. 0.01% 2,800 $224K Reduce -4.5%
HSY The Hershey Co. 0.01% 1,149 $223K Reduce -91.2%
FNCL Fidelity MSCI Financial Indx 0.01% 3,736 $222K New
IEV iShares Europe ETF 0.01% 3,985 $222K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 1,716 $220K New
STT State Street Corp. 0.01% 2,782 $215K Reduce -33.5%
ZYXIQ Zynex Inc. 0.01% 17,270 $214K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.01% 2,475 $213K No change
IXN iShares Global Tech ETF 0.01% 2,788 $209K New
WTS Watts Water Technologies-A 0.01% 975 $207K Reduce -3.9%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.01% 2,305 $206K New
KMX Carmax Inc. 0.01% 2,355 $205K New
AON Aon PLC Class A 0.01% 605 $202K New
HPQ HP Inc. 0.01% 6,636 $201K Reduce -17.4%
GTM Zoominfo Technologies Inc. 0.01% 11,204 $180K No change
ICLN iShares Global Clean Energy 0.01% 12,331 $172K Reduce -0.9%
CX Cemex Sab-Spons ADR Part Cer 0.00% 10,067 $91K New
GGB Gerdau SA -Spon ADR 0.00% 12,147 $54K New
MPT Medical Properties Trust Inc. 0.00% 10,533 $50K Reduce -8.7%
MMT Aberdeen Multimarket Income 0.00% 10,000 $46K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $18.0M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 13,362$16.3MReduce -14.6%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 1,424$1.7MAdd +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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 398$3.4BXLK, AAPL, MSFT, COST, GOOGL
Q1 2026 391$3.0BAAPL, XLK, COST, MSFT, GOOGL
Q4 2025 392$3.1BAAPL, XLK, MSFT, COST, GOOGL
Q3 2025 381$3.1BAAPL, XLK, MSFT, COST, AMZN
Q2 2025 375$3.0BAAPL, XLK, MSFT, COST, XLC
Q1 2025 359$2.8BAAPL, XLK, MSFT, COST, XLC
Q4 2024 364$2.9BAAPL, XLK, MSFT, COST, AMZN
Q3 2024 370$2.9BAAPL, XLK, MSFT, COST, VTI
Q2 2024 364$2.8BAAPL, XLK, MSFT, COST, AMZN
Q1 2024 374$2.7BAAPL, XLK, MSFT, COST, AMZN