KCM Investment Advisors LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), KCM Investment Advisors LLC reported 370 stock positions worth $2.9 billion. Its top holding was Apple (AAPL) at 7.4% of the portfolio, followed by SS Technology Select Sector (XLK, 5.4%) and Microsoft (MSFT, 4.6%). Compared with Q2 2024, it opened 12 new positions, sold out of 7, added to 127 and reduced 159. The biggest buy was a new position in Labcorp (LH) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001109228
- Portfolio Value
- $2.9B (Q3 2024)
- SEC Filing
- 0001941040-24-000472 ↗ filed Nov 6, 2024
Holdings Value
Holdings 370 stocks · $2.9B
| AAPL Apple Inc. | 7.38% | 928,583 | $216.4M | Reduce -1.4% |
| XLK SS Technology Select Sector | 5.43% | 704,903 | $159.1M | Add +0.5% |
| MSFT Microsoft Corp. | 4.63% | 315,583 | $135.8M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 3.67% | 121,533 | $107.7M | Reduce -2.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.15% | 222,556 | $63.0M | Add +0.1% |
| AMZN Amazon.com Inc. | 2.14% | 336,701 | $62.7M | Reduce -0.5% |
| XLC SS Comm Select Sector SPDR | 1.98% | 641,751 | $58.0M | Reduce -0.0% |
| HD Home Depot Inc. | 1.81% | 130,681 | $53.0M | Reduce -1.4% |
| ADP Automatic Data Processing | 1.74% | 183,846 | $50.9M | Reduce -1.5% |
| XLV SS Health Care Select Sector | 1.68% | 319,320 | $49.2M | Add +1.2% |
| CVX Chevron Corp. | 1.68% | 333,831 | $49.2M | Reduce -1.0% |
| WMT Walmart Inc. | 1.62% | 587,264 | $47.4M | Reduce -1.1% |
| XLY SS Consumer Disc Select Sect | 1.60% | 234,819 | $47.1M | Add +1.6% |
| NVDA Nvidia Corp. | 1.60% | 387,258 | $47.0M | Reduce -1.0% |
| GOOGL Alphabet Inc. Class A | 1.60% | 282,873 | $46.9M | Reduce -0.5% |
| VGT Vanguard Info Tech ETF | 1.59% | 79,511 | $46.6M | Reduce -2.3% |
| V Visa Inc. Class A | 1.51% | 161,042 | $44.3M | Reduce -0.4% |
| WM Waste Management Inc. | 1.38% | 195,068 | $40.5M | Reduce -1.4% |
| XLF SS Financial Select Sector | 1.36% | 877,613 | $39.8M | Add +0.6% |
| TT Trane Technologies PLC | 1.35% | 101,831 | $39.6M | Reduce -1.5% |
| VFH Vanguard Financials ETF | 1.35% | 358,998 | $39.5M | Add +0.5% |
| VOX Vanguard Communication Servi | 1.33% | 268,663 | $39.1M | Add +3.7% |
| PG The Procter & Gamble Co. | 1.27% | 215,657 | $37.4M | Reduce -2.2% |
| JPM JPMorgan Chase & Co. | 1.27% | 176,033 | $37.1M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.23% | 221,691 | $35.9M | Reduce -4.3% |
| XLP SS Consumer Staples Sel Sect | 1.22% | 429,633 | $35.7M | Add +2.3% |
| XLI SS Industrial Select Sector | 1.19% | 257,627 | $34.9M | Add +0.6% |
| LLY Eli Lilly & Co. | 1.17% | 38,668 | $34.3M | Add +1.0% |
| XLE SS Energy Select Sector | 1.06% | 355,082 | $31.2M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 1.03% | 358,478 | $30.3M | Reduce -2.7% |
| VHT Vanguard Health Care ETF | 1.01% | 105,257 | $29.7M | Add +0.5% |
| AMGN Amgen Inc. | 1.00% | 91,442 | $29.5M | Reduce -0.7% |
| BX Blackstone Inc. | 1.00% | 191,117 | $29.3M | Add +2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.96% | 48,829 | $28.0M | Add +0.8% |
| VCR Vanguard Consumer Discre ETF | 0.94% | 80,887 | $27.5M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.87% | 153,109 | $25.6M | Add +0.9% |
| DHR Danaher Corp. | 0.84% | 89,033 | $24.8M | Reduce -1.2% |
| MCD McDonald's Corp. | 0.82% | 78,501 | $23.9M | Reduce -0.7% |
| VIS Vanguard Industrials ETF | 0.74% | 83,282 | $21.7M | Add +1.6% |
| CAT Caterpillar Inc. | 0.72% | 54,005 | $21.1M | Reduce -0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.72% | 43,110 | $21.0M | Add +1.5% |
| ECL Ecolab Inc. | 0.68% | 77,635 | $19.8M | Reduce -1.5% |
| UPS United Parcel Service Class B | 0.65% | 139,441 | $19.0M | Reduce -3.7% |
| CCI Crown Castle Inc. | 0.58% | 142,531 | $16.9M | Reduce -1.2% |
| ABT Abbott Laboratories | 0.56% | 144,381 | $16.5M | Reduce -1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 406,765 | $16.1M | Reduce -2.4% |
| ABBV Abbvie Inc. | 0.53% | 78,792 | $15.6M | Add +1.3% |
| O Realty Income Corp. | 0.47% | 217,169 | $13.8M | Add +0.5% |
| APD Air Products & Chemicals Inc. | 0.47% | 45,975 | $13.7M | Reduce -1.0% |
| AVGO Broadcom Inc. | 0.47% | 79,227 | $13.7M | Add +1.5% |
| VZ Verizon Communications Inc. | 0.46% | 301,339 | $13.5M | Reduce -3.2% |
| KMB Kimberly-Clark Corp. | 0.46% | 94,797 | $13.5M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 29,229 | $13.5M | Reduce -0.4% |
| SDY SS SPDR S&P Dividend ETF | 0.46% | 94,561 | $13.4M | Reduce -0.2% |
| SBUX Starbucks Corp. | 0.45% | 135,827 | $13.2M | Reduce -0.9% |
| KLAC KLA Corp. | 0.43% | 16,281 | $12.6M | Add +1.8% |
| VDC Vanguard Consumer Staple ETF | 0.43% | 57,685 | $12.6M | Add +1.6% |
| EIX Edison International | 0.41% | 139,080 | $12.1M | Reduce -1.6% |
| NKE Nike Inc. Class B | 0.41% | 135,660 | $12.0M | Reduce -3.9% |
| UNH Unitedhealth Group Inc. | 0.41% | 20,480 | $12.0M | Add +3.8% |
| AMD Advanced Micro Devices | 0.40% | 70,986 | $11.6M | Add +1.8% |
| LOW Lowe's Cos Inc. | 0.38% | 40,974 | $11.1M | Reduce -0.2% |
| VNQ Vanguard Real Estate ETF | 0.38% | 113,239 | $11.0M | Add +0.5% |
| XLB SS Materials Select Sector | 0.34% | 102,143 | $9.8M | Add +2.0% |
| AMAT Applied Materials Inc. | 0.33% | 48,500 | $9.8M | Reduce -0.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.33% | 121,129 | $9.8M | Add +12.9% |
| GPC Genuine Parts Co. | 0.33% | 68,748 | $9.6M | Reduce -0.1% |
| ACN Accenture PLC Class A | 0.32% | 26,377 | $9.3M | Add +3.3% |
| MDY State Street SPDR S&P Midcap | 0.30% | 15,401 | $8.8M | Reduce -2.3% |
| VAW Vanguard Materials ETF | 0.30% | 41,438 | $8.8M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.29% | 75,826 | $8.6M | Reduce -0.8% |
| VDE Vanguard Energy ETF | 0.28% | 66,741 | $8.2M | Reduce -0.4% |
| PEP Pepsico Inc. | 0.26% | 44,722 | $7.6M | Reduce 0.0% |
| UNP Union Pacific Corp. | 0.26% | 30,480 | $7.5M | Reduce -1.7% |
| LH Labcorp Holdings Inc. | 0.25% | 32,995 | $7.4M | New |
| QCOM Qualcomm Inc. | 0.25% | 43,105 | $7.3M | Add +3.7% |
| CTAS Cintas Corp. | 0.24% | 34,632 | $7.1M | Add +0.5% |
| LIN Linde PLC | 0.24% | 14,930 | $7.1M | Add +6.6% |
| DVY iShares Select Dividend ETF | 0.24% | 51,999 | $7.0M | Add +0.0% |
| ELV Elevance Health Inc. | 0.23% | 13,244 | $6.9M | Reduce -0.2% |
| CLX Clorox Company | 0.23% | 42,226 | $6.9M | Reduce -0.1% |
| SCHW Schwab (charles) Corp. | 0.23% | 104,983 | $6.8M | Add +7.5% |
| IVV iShares Core S&P 500 ETF | 0.23% | 11,793 | $6.8M | Reduce -0.3% |
| SPGI S&P Global Inc. | 0.23% | 13,091 | $6.8M | Add +1.4% |
| CL Colgate-Palmolive Co. | 0.23% | 64,835 | $6.7M | Reduce -2.9% |
| CSL Carlisle Cos Inc. | 0.22% | 14,601 | $6.6M | Add +0.1% |
| SCCO Southern Copper Corp. | 0.22% | 55,763 | $6.5M | Add +2.9% |
| VPU Vanguard Utilities ETF | 0.21% | 35,736 | $6.2M | Add +5.9% |
| TMO Thermo Fisher Scientific Inc. | 0.21% | 9,857 | $6.1M | Add +0.7% |
| GD General Dynamics Corp. | 0.21% | 19,910 | $6.0M | Reduce -0.5% |
| ETN Eaton Corp. PLC | 0.20% | 18,032 | $6.0M | Add +0.8% |
| SCHD Schwab US DVD Equity ETF | 0.20% | 69,210 | $5.9M | Add +0.7% |
| PEG Public Service Enterprise GP | 0.20% | 65,237 | $5.8M | Reduce -3.1% |
| ROST Ross Stores Inc. | 0.18% | 34,998 | $5.3M | Add +5.2% |
| SCHB Schwab US Broad Market ETF | 0.18% | 77,621 | $5.2M | Add +0.0% |
| TSLA Tesla Inc. | 0.17% | 19,037 | $5.0M | Reduce -2.4% |
| CSCO Cisco Systems Inc. | 0.17% | 93,438 | $5.0M | Reduce -2.7% |
| FENY Fidelity MSCI Energy Index | 0.16% | 198,854 | $4.8M | Reduce -0.1% |
| CB Chubb Ltd. | 0.16% | 16,328 | $4.7M | Add +18.4% |
| LHX L3HARRIS Technologies Inc. | 0.16% | 19,273 | $4.6M | Add +43.8% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $20.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 11,930 | $15.3M | Add +1.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,249 | $2.9M | Add +1.7% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 38,987 | $1.8M | Reduce -0.4% |
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -0.5% | 4.63% | −0.49 |
| GOOGL Alphabet Inc. Class A | Reduce -0.5% | 1.60% | −0.27 |
| CVX Chevron Corp. | Reduce -1.0% | 1.68% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 2.14% | −0.22 |
| WM Waste Management Inc. | Reduce -1.4% | 1.38% | −0.14 |
| NVDA Nvidia Corp. | Reduce -1.0% | 1.60% | −0.14 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 3.67% | −0.14 |
| XLE SS Energy Select Sector | Reduce -0.3% | 1.06% | −0.11 |
| VGT Vanguard Info Tech ETF | Reduce -2.3% | 1.59% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -0.8% | 0.33% | −0.08 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.07 |
| UPS United Parcel Service Class B | Reduce -3.7% | 0.65% | −0.07 |
| BAC Bank of America Corp. | Reduce -2.4% | 0.55% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -0.8% | 0.29% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 1.27% | −0.04 |
| AMGN Amgen Inc. | Reduce -0.7% | 1.00% | −0.03 |
| TGT Target Corp. | Reduce -30.0% | 0.07% | −0.03 |
| VDE Vanguard Energy ETF | Reduce -0.4% | 0.28% | −0.03 |
| USB US Bancorp | Reduce -24.0% | 0.13% | −0.03 |
| DIS The Walt Disney Co. | Reduce -6.7% | 0.15% | −0.03 |
| ADBE Adobe Inc. | Reduce -2.9% | 0.15% | −0.03 |
| ELV Elevance Health Inc. | Reduce -0.2% | 0.23% | −0.02 |
| V Visa Inc. Class A | Reduce -0.4% | 1.51% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.1% | 1.27% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -75.3% | 0.01% | −0.02 |
| INTC Intel Corp. | Reduce -21.4% | 0.03% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -1.5% | 0.46% | −0.02 |
| FENY Fidelity MSCI Energy Index | Reduce -0.1% | 0.16% | −0.02 |
| GPC Genuine Parts Co. | Reduce -0.1% | 0.33% | −0.02 |
| NUE Nucor Corp. | Reduce -1.6% | 0.13% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -32.2% | 0.03% | −0.02 |
| PFE Pfizer Inc. | Reduce -8.7% | 0.12% | −0.01 |
| BA The Boeing Co. | Reduce -4.6% | 0.04% | −0.01 |
| LRCX Lam Research Corp. | Reduce -3.1% | 0.03% | −0.01 |
| BXMT Blackstone Mortgage Tru Class A | Sold out | 0.00% | −0.01 |
| MDT Medtronic PLC | Reduce -24.8% | 0.05% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.8% | 0.08% | −0.01 |
| GUNR NT Mstar GLBL NR ETF | Sold out | 0.00% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -17.4% | 0.03% | −0.01 |
| J Jacobs Solutions Inc. | Reduce -5.0% | 0.05% | −0.01 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| TEL Te Connectivity PLC | Reduce -7.3% | 0.06% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -0.0% | 1.98% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -0.1% | 0.06% | −0.01 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | Sold out | 0.00% | −0.01 |
| PEP Pepsico Inc. | Reduce 0.0% | 0.26% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -2.3% | 0.30% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -11.7% | 0.03% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| LH Labcorp Holdings Inc. | New | 0.25% | +0.25 |
| BX Blackstone Inc. | Add +2.1% | 1.00% | +0.16 |
| XLY SS Consumer Disc Select Sect | Add +1.6% | 1.60% | +0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +12.9% | 0.33% | +0.07 |
| XLI SS Industrial Select Sector | Add +0.6% | 1.19% | +0.06 |
| XLF SS Financial Select Sector | Add +0.6% | 1.36% | +0.06 |
| O Realty Income Corp. | Add +0.5% | 0.47% | +0.06 |
| VFH Vanguard Financials ETF | Add +0.5% | 1.35% | +0.06 |
| XLP SS Consumer Staples Sel Sect | Add +2.3% | 1.22% | +0.05 |
| ABBV Abbvie Inc. | Add +1.3% | 0.53% | +0.05 |
| LHX L3HARRIS Technologies Inc. | Add +43.8% | 0.16% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +3.8% | 0.41% | +0.05 |
| VIS Vanguard Industrials ETF | Add +1.6% | 0.74% | +0.04 |
| VOX Vanguard Communication Servi | Add +3.7% | 1.33% | +0.04 |
| TRV The Travelers Cos Inc. | Add +24.7% | 0.15% | +0.04 |
| ACN Accenture PLC Class A | Add +3.3% | 0.32% | +0.04 |
| VNQ Vanguard Real Estate ETF | Add +0.5% | 0.38% | +0.04 |
| CB Chubb Ltd. | Add +18.4% | 0.16% | +0.03 |
| VPU Vanguard Utilities ETF | Add +5.9% | 0.21% | +0.03 |
| VCR Vanguard Consumer Discre ETF | Add +0.2% | 0.94% | +0.03 |
| CTAS Cintas Corp. | Add +0.5% | 0.24% | +0.03 |
| XLRE SS Real Estate Select Sector | Add +9.3% | 0.15% | +0.02 |
| SPGI S&P Global Inc. | Add +1.4% | 0.23% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +19.0% | 0.10% | +0.02 |
| LIN Linde PLC | Add +6.6% | 0.24% | +0.02 |
| SLQT Selectquote Inc. | New | 0.02% | +0.02 |
| ORCL Oracle Corp. | Add +4.2% | 0.12% | +0.02 |
| LMT Lockheed Martin Corp. | Add +2.3% | 0.11% | +0.02 |
| XLB SS Materials Select Sector | Add +2.0% | 0.34% | +0.02 |
| XLV SS Health Care Select Sector | Add +1.2% | 1.68% | +0.02 |
| TMUS T-Mobile US Inc. | Add +5.4% | 0.11% | +0.02 |
| OMC Omnicom Group | Add +13.2% | 0.08% | +0.02 |
| PPL PPL Corp. | Add +4.1% | 0.10% | +0.02 |
| ROP Roper Technologies Inc. | Add +27.5% | 0.10% | +0.02 |
| AVGO Broadcom Inc. | Add +1.5% | 0.47% | +0.01 |
| VDC Vanguard Consumer Staple ETF | Add +1.6% | 0.43% | +0.01 |
| ZS Zscaler Inc. | New | 0.01% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.0% | 0.24% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +0.7% | 0.21% | +0.01 |
| IBM Intl Business Machines Corp. | Add +1.5% | 0.07% | +0.01 |
| VAW Vanguard Materials ETF | Add +0.5% | 0.30% | +0.01 |
| PH Parker Hannifin Corp. | Add +6.6% | 0.06% | +0.01 |
| AXP American Express Co. | Add +0.9% | 0.11% | +0.01 |
| ARM Arm Holdings PLC-ADR | New | 0.01% | +0.01 |
| CARR Carrier Global Corp. | Add +1.4% | 0.06% | +0.01 |
| CSL Carlisle Cos Inc. | Add +0.1% | 0.22% | +0.01 |
| UBER Uber Technologies Inc. | New | 0.01% | +0.01 |
| IAT iShares US Regional Banks Et | Add +4.3% | 0.08% | +0.01 |
| PCAR Paccar Inc. | New | 0.01% | +0.01 |
| GLW Corning Inc. | Add +7.9% | 0.06% | +0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.3% | 11,930 | $15.3M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +1.7% | 2,249 | $2.9M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -0.4% | 38,987 | $1.8M |
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 |