KCM Investment Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), KCM Investment Advisors LLC reported 364 stock positions worth $2.9 billion. Its top holding was Apple (AAPL) at 8.0% of the portfolio, followed by SS Technology Select Sector (XLK, 5.6%) and Microsoft (MSFT, 4.5%). Compared with Q3 2024, it opened 17 new positions, sold out of 23, added to 110 and reduced 182. The biggest buy was Amazon.com (AMZN, shares +1%) and the biggest sale Advanced Micro Devices (AMD, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001109228
- Portfolio Value
- $2.9B (Q4 2024)
- SEC Filing
- 0001941040-25-000147 ↗ filed Feb 13, 2025
Holdings Value
Holdings 364 stocks · $2.9B
| AAPL Apple Inc. | 7.99% | 919,211 | $230.2M | Reduce -1.0% |
| XLK SS Technology Select Sector | 5.59% | 692,754 | $161.1M | Reduce -1.7% |
| MSFT Microsoft Corp. | 4.53% | 309,763 | $130.6M | Reduce -1.8% |
| COST Costco Wholesale Corp. | 3.81% | 119,830 | $109.8M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 2.59% | 340,893 | $74.8M | Add +1.3% |
| VTI VG Morningstar TS MKT ETF-US | 2.23% | 221,687 | $64.2M | Reduce -0.4% |
| XLC SS Comm Select Sector SPDR | 2.17% | 645,485 | $62.5M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 1.86% | 283,674 | $53.7M | Add +0.3% |
| ADP Automatic Data Processing | 1.85% | 181,714 | $53.2M | Reduce -1.2% |
| WMT Walmart Inc. | 1.83% | 584,954 | $52.9M | Reduce -0.4% |
| NVDA Nvidia Corp. | 1.79% | 385,120 | $51.7M | Reduce -0.6% |
| XLY SS Consumer Disc Select Sect | 1.76% | 226,489 | $50.8M | Reduce -3.5% |
| HD Home Depot Inc. | 1.76% | 130,489 | $50.8M | Reduce -0.1% |
| V Visa Inc. Class A | 1.76% | 160,577 | $50.7M | Reduce -0.3% |
| CVX Chevron Corp. | 1.68% | 334,209 | $48.4M | Add +0.1% |
| VGT Vanguard Info Tech ETF | 1.56% | 72,527 | $45.1M | Reduce -8.8% |
| XLV SS Health Care Select Sector | 1.53% | 320,837 | $44.1M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 1.48% | 178,279 | $42.7M | Add +1.3% |
| XLF SS Financial Select Sector | 1.48% | 880,301 | $42.5M | Add +0.3% |
| VFH Vanguard Financials ETF | 1.40% | 342,212 | $40.4M | Reduce -4.7% |
| VOX Vanguard Communication Servi | 1.37% | 254,484 | $39.4M | Reduce -5.3% |
| WM Waste Management Inc. | 1.36% | 194,776 | $39.3M | Reduce -0.1% |
| TT Trane Technologies PLC | 1.30% | 101,340 | $37.4M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 1.24% | 212,560 | $35.6M | Reduce -1.4% |
| BX Blackstone Inc. | 1.21% | 201,758 | $34.8M | Add +5.6% |
| XLI SS Industrial Select Sector | 1.16% | 253,576 | $33.4M | Reduce -1.6% |
| XLP SS Consumer Staples Sel Sect | 1.14% | 419,347 | $33.0M | Reduce -2.4% |
| JNJ Johnson & Johnson | 1.05% | 209,961 | $30.4M | Reduce -5.3% |
| XLE SS Energy Select Sector | 1.05% | 353,456 | $30.3M | Reduce -0.5% |
| VCR Vanguard Consumer Discre ETF | 1.05% | 80,313 | $30.1M | Reduce -0.7% |
| LLY Eli Lilly & Co. | 1.00% | 37,419 | $28.9M | Reduce -3.2% |
| GOOG Alphabet Inc. Class C | 0.99% | 150,093 | $28.6M | Reduce -2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.92% | 45,426 | $26.6M | Reduce -7.0% |
| VHT Vanguard Health Care ETF | 0.92% | 104,835 | $26.6M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 0.88% | 354,237 | $25.4M | Reduce -1.2% |
| AMGN Amgen Inc. | 0.82% | 91,086 | $23.7M | Reduce -0.4% |
| MCD McDonald's Corp. | 0.80% | 79,534 | $23.1M | Add +1.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.76% | 43,052 | $22.0M | Reduce -0.1% |
| VIS Vanguard Industrials ETF | 0.74% | 83,670 | $21.3M | Add +0.5% |
| CAT Caterpillar Inc. | 0.68% | 53,808 | $19.5M | Reduce -0.4% |
| DHR Danaher Corp. | 0.64% | 79,877 | $18.3M | Reduce -10.3% |
| ECL Ecolab Inc. | 0.61% | 75,474 | $17.7M | Reduce -2.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.59% | 388,910 | $17.1M | Reduce -4.4% |
| AVGO Broadcom Inc. | 0.58% | 72,590 | $16.8M | Reduce -8.4% |
| ABT Abbott Laboratories | 0.56% | 142,877 | $16.2M | Reduce -1.0% |
| UPS United Parcel Service Class B | 0.51% | 115,834 | $14.6M | Reduce -16.9% |
| ABBV Abbvie Inc. | 0.48% | 78,073 | $13.9M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 29,280 | $13.3M | Add +0.2% |
| APD Air Products & Chemicals Inc. | 0.46% | 45,265 | $13.1M | Reduce -1.5% |
| SDY SS SPDR S&P Dividend ETF | 0.43% | 94,675 | $12.5M | Add +0.1% |
| VDC Vanguard Consumer Staple ETF | 0.43% | 58,854 | $12.4M | Add +2.0% |
| SBUX Starbucks Corp. | 0.42% | 133,791 | $12.2M | Reduce -1.5% |
| KMB Kimberly-Clark Corp. | 0.42% | 92,503 | $12.1M | Reduce -2.4% |
| VZ Verizon Communications Inc. | 0.41% | 297,133 | $11.9M | Reduce -1.4% |
| CCI Crown Castle Inc. | 0.41% | 128,817 | $11.7M | Reduce -9.6% |
| O Realty Income Corp. | 0.39% | 212,159 | $11.3M | Reduce -2.3% |
| EIX Edison International | 0.39% | 139,439 | $11.1M | Add +0.3% |
| LOW Lowe's Cos Inc. | 0.35% | 41,239 | $10.2M | Add +0.7% |
| KLAC KLA Corp. | 0.35% | 15,943 | $10.0M | Reduce -2.1% |
| NKE Nike Inc. Class B | 0.34% | 128,649 | $9.7M | Reduce -5.2% |
| VNQ Vanguard Real Estate ETF | 0.34% | 108,759 | $9.7M | Reduce -4.0% |
| ACN Accenture PLC Class A | 0.32% | 26,551 | $9.3M | Add +0.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.31% | 118,423 | $9.0M | Reduce -2.2% |
| MDY State Street SPDR S&P Midcap | 0.30% | 15,028 | $8.6M | Reduce -2.4% |
| XLB SS Materials Select Sector | 0.30% | 101,542 | $8.5M | Reduce -0.6% |
| SCHW Schwab (charles) Corp. | 0.27% | 103,799 | $7.7M | Reduce -1.1% |
| AMAT Applied Materials Inc. | 0.27% | 47,094 | $7.7M | Reduce -2.9% |
| VDE Vanguard Energy ETF | 0.26% | 62,179 | $7.5M | Reduce -6.8% |
| LH Labcorp Holdings Inc. | 0.26% | 32,556 | $7.5M | Reduce -1.3% |
| VAW Vanguard Materials ETF | 0.26% | 39,362 | $7.4M | Reduce -5.0% |
| GPC Genuine Parts Co. | 0.25% | 61,668 | $7.2M | Reduce -10.3% |
| MRK Merck & Co. Inc. | 0.25% | 71,786 | $7.1M | Reduce -5.3% |
| IVV iShares Core S&P 500 ETF | 0.24% | 11,965 | $7.0M | Add +1.5% |
| TSLA Tesla Inc. | 0.24% | 17,292 | $7.0M | Reduce -9.2% |
| DVY iShares Select Dividend ETF | 0.24% | 52,910 | $6.9M | Add +1.8% |
| QCOM Qualcomm Inc. | 0.24% | 44,490 | $6.8M | Add +3.2% |
| UNP Union Pacific Corp. | 0.23% | 29,540 | $6.7M | Reduce -3.1% |
| CLX Clorox Company | 0.23% | 41,352 | $6.7M | Reduce -2.1% |
| PEP Pepsico Inc. | 0.23% | 42,682 | $6.5M | Reduce -4.6% |
| SPGI S&P Global Inc. | 0.22% | 12,995 | $6.5M | Reduce -0.7% |
| SCCO Southern Copper Corp. | 0.22% | 69,952 | $6.4M | Add +25.4% |
| UNH Unitedhealth Group Inc. | 0.22% | 12,431 | $6.3M | Reduce -39.3% |
| LIN Linde PLC | 0.22% | 14,981 | $6.3M | Add +0.3% |
| CTAS Cintas Corp. | 0.22% | 34,017 | $6.2M | Reduce -1.8% |
| ETN Eaton Corp. PLC | 0.21% | 18,102 | $6.0M | Add +0.4% |
| VPU Vanguard Utilities ETF | 0.20% | 36,148 | $5.9M | Add +1.1% |
| CL Colgate-Palmolive Co. | 0.20% | 62,745 | $5.7M | Reduce -3.2% |
| CSL Carlisle Cos Inc. | 0.19% | 14,962 | $5.5M | Add +2.5% |
| PEG Public Service Enterprise GP | 0.19% | 65,111 | $5.5M | Reduce -0.2% |
| CSCO Cisco Systems Inc. | 0.19% | 92,757 | $5.5M | Reduce -0.7% |
| SCHD Schwab US DVD Equity ETF | 0.19% | 200,934 | $5.5M | Reduce -3.2% |
| ROST Ross Stores Inc. | 0.18% | 35,199 | $5.3M | Add +0.6% |
| SCHB Schwab US Broad Market ETF | 0.18% | 232,835 | $5.3M | No change |
| GD General Dynamics Corp. | 0.18% | 19,936 | $5.3M | Add +0.1% |
| TRV The Travelers Cos Inc. | 0.18% | 21,367 | $5.1M | Add +16.9% |
| VRT Vertiv Holdings Co. Class A | 0.17% | 43,830 | $5.0M | Add +52.6% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.17% | 50,677 | $4.9M | No change |
| LHX L3HARRIS Technologies Inc. | 0.17% | 22,875 | $4.8M | Add +18.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.16% | 11,257 | $4.6M | Add +1.6% |
| CB Chubb Ltd. | 0.16% | 16,627 | $4.6M | Add +1.8% |
Other holdings (3): 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 | 11,465 | $13.7M | Reduce -3.9% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,261 | $2.8M | Add +0.5% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 38,986 | $1.6M | Reduce 0.0% |
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q3 2024 → Q4 2024
| AMD Advanced Micro Devices | Reduce -96.4% | 0.01% | −0.39 |
| DHR Danaher Corp. | Reduce -10.3% | 0.64% | −0.21 |
| UNH Unitedhealth Group Inc. | Reduce -39.3% | 0.22% | −0.19 |
| AMGN Amgen Inc. | Reduce -0.4% | 0.82% | −0.18 |
| JNJ Johnson & Johnson | Reduce -5.3% | 1.05% | −0.17 |
| CCI Crown Castle Inc. | Reduce -9.6% | 0.41% | −0.17 |
| ELV Elevance Health Inc. | Reduce -60.3% | 0.07% | −0.17 |
| LLY Eli Lilly & Co. | Reduce -3.2% | 1.00% | −0.17 |
| NEE Nextera Energy Inc. | Reduce -1.2% | 0.88% | −0.15 |
| UPS United Parcel Service Class B | Reduce -16.9% | 0.51% | −0.14 |
| MSFT Microsoft Corp. | Reduce -1.8% | 4.53% | −0.10 |
| NUE Nucor Corp. | Reduce -64.7% | 0.04% | −0.09 |
| VHT Vanguard Health Care ETF | Reduce -0.4% | 0.92% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -33.1% | 0.12% | −0.09 |
| KLAC KLA Corp. | Reduce -2.1% | 0.35% | −0.08 |
| GPC Genuine Parts Co. | Reduce -10.3% | 0.25% | −0.08 |
| O Realty Income Corp. | Reduce -2.3% | 0.39% | −0.08 |
| XLP SS Consumer Staples Sel Sect | Reduce -2.4% | 1.14% | −0.07 |
| NKE Nike Inc. Class B | Reduce -5.2% | 0.34% | −0.07 |
| AMAT Applied Materials Inc. | Reduce -2.9% | 0.27% | −0.07 |
| ECL Ecolab Inc. | Reduce -2.8% | 0.61% | −0.06 |
| FIDU Fidelity MSCI Indust Indx | Sold out | 0.00% | −0.05 |
| TT Trane Technologies PLC | Reduce -0.5% | 1.30% | −0.05 |
| ABBV Abbvie Inc. | Reduce -0.9% | 0.48% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -1.4% | 0.41% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -5.3% | 0.25% | −0.05 |
| HD Home Depot Inc. | Reduce -0.1% | 1.76% | −0.04 |
| CAT Caterpillar Inc. | Reduce -0.4% | 0.68% | −0.04 |
| PSA Public Storage | Reduce -69.3% | 0.01% | −0.04 |
| FHLC Fidelity MSCI Health Care | Reduce -84.1% | 0.01% | −0.04 |
| VAW Vanguard Materials ETF | Reduce -5.0% | 0.26% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -4.0% | 0.34% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -2.4% | 0.42% | −0.04 |
| XLB SS Materials Select Sector | Reduce -0.6% | 0.30% | −0.04 |
| USB US Bancorp | Reduce -34.7% | 0.09% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -1.4% | 1.24% | −0.04 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.03 |
| PEP Pepsico Inc. | Reduce -4.6% | 0.23% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.0% | 0.92% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -3.2% | 0.20% | −0.03 |
| XLI SS Industrial Select Sector | Reduce -1.6% | 1.16% | −0.03 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.03 |
| SBUX Starbucks Corp. | Reduce -1.5% | 0.42% | −0.03 |
| CTAS Cintas Corp. | Reduce -1.8% | 0.22% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -37.2% | 0.05% | −0.03 |
| VGT Vanguard Info Tech ETF | Reduce -8.8% | 1.56% | −0.03 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.02 |
| ENPH Enphase Energy Inc. | Reduce -37.8% | 0.01% | −0.02 |
| PLD Prologis Inc. | Reduce -8.6% | 0.08% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -2.2% | 0.31% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| AMZN Amazon.com Inc. | Add +1.3% | 2.59% | +0.46 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 1.86% | +0.26 |
| JPM JPMorgan Chase & Co. | Add +1.3% | 1.48% | +0.22 |
| BX Blackstone Inc. | Add +5.6% | 1.21% | +0.21 |
| XLC SS Comm Select Sector SPDR | Add +0.6% | 2.17% | +0.19 |
| XLF SS Financial Select Sector | Add +0.3% | 1.48% | +0.12 |
| BLK BlackRock Inc. | New | 0.09% | +0.09 |
| VRT Vertiv Holdings Co. Class A | Add +52.6% | 0.17% | +0.08 |
| LULU Lululemon Athletica Inc. | Add +1.2% | 0.12% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +84.1% | 0.07% | +0.04 |
| TRV The Travelers Cos Inc. | Add +16.9% | 0.18% | +0.03 |
| WFC Wells Fargo & Co. | Add +6.2% | 0.10% | +0.03 |
| IWM iShares Russell 2000 ETF | Add +76.2% | 0.06% | +0.03 |
| GS Goldman Sachs Group Inc. | Add +2.5% | 0.13% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | New | 0.02% | +0.02 |
| COIN Coinbase Global Inc. Class A | New | 0.02% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.6% | 0.16% | +0.02 |
| BKNG Booking Holdings Inc. | Add +6.8% | 0.07% | +0.01 |
| SOXX iShares Semiconductor ETF | Add +109.3% | 0.03% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +1.5% | 0.24% | +0.01 |
| T AT&T Inc. | Add +32.9% | 0.04% | +0.01 |
| IAT iShares US Regional Banks Et | Add +4.8% | 0.09% | +0.01 |
| GLW Corning Inc. | Add +9.9% | 0.07% | +0.01 |
| LHX L3HARRIS Technologies Inc. | Add +18.7% | 0.17% | +0.01 |
| DDOG Datadog Inc. Class A | New | 0.01% | +0.01 |
| KRE SS SPDR S&P Regional Bank | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.6% | 0.06% | +0.01 |
| META Meta Platforms Inc. Class A | Add +2.8% | 0.14% | +0.01 |
| OKE Oneok Inc. | Add +90.7% | 0.02% | +0.01 |
| CAH Cardinal Health Inc. | Add +5.3% | 0.07% | +0.01 |
| GEV GE Vernova Inc. | Add +63.2% | 0.02% | +0.01 |
| BMRC Bank of Marin Bancorp | New | 0.01% | +0.01 |
| EMR Emerson Electric Co. | Add +0.8% | 0.06% | +0.01 |
| BNY Bank of New York Mellon Corp. | New | 0.01% | +0.01 |
| GM General Motors Co. | New | 0.01% | +0.01 |
| CHKP Check Point Software Tech | New | 0.01% | +0.01 |
| LNG Cheniere Energy Inc. | New | 0.01% | +0.01 |
| DFS Discover Financial Services | New | 0.01% | +0.01 |
| FISV Fiserv Inc. | Add +58.2% | 0.02% | +0.01 |
| TM Toyota Motor Corp. -Spon ADR | New | 0.01% | +0.01 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.01% | +0.01 |
| SHOP Shopify Inc. Class A | New | 0.01% | +0.01 |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | New | 0.01% | +0.01 |
| ALL Allstate Corp. | Add +5.2% | 0.08% | +0.01 |
| EPD Enterprise Products Partners | Add +16.3% | 0.03% | +0.01 |
| ROP Roper Technologies Inc. | Add +12.0% | 0.10% | +0.01 |
| ACN Accenture PLC Class A | Add +0.7% | 0.32% | +0.01 |
| NOW ServiceNow Inc. | Add +1.7% | 0.03% | +0.01 |
| JCI Johnson Controls Internation | Add +6.1% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.5% | 0.07% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -3.9% | 11,465 | $13.7M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +0.5% | 2,261 | $2.8M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce 0.0% | 38,986 | $1.6M |
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 |