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

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.7B Q1 2024 Q2 2024: $2.8B Q2 2024 Q3 2024: $2.9B Q3 2024 Q4 2024: $2.9B $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 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%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 40,614 $4.5M Reduce -13.3%
CRM Salesforce Inc. 0.16% 13,457 $4.5M Reduce -3.0%
DE Deere & Co. 0.15% 10,463 $4.4M Reduce -1.6%
FENY Fidelity MSCI Energy Index 0.15% 185,110 $4.4M Reduce -6.9%
XLRE SS Real Estate Select Sector 0.14% 100,719 $4.1M Add +3.0%
META Meta Platforms Inc. Class A 0.14% 6,937 $4.1M Add +2.8%
ADBE Adobe Inc. 0.14% 8,950 $4.0M Add +5.2%
PGX Invesco Preferred ETF 0.14% 343,614 $4.0M Reduce -4.3%
XOM Exxon Mobil Corp. 0.14% 36,786 $4.0M Add +11.1%
ZBH Zimmer Biomet Holdings Inc. 0.14% 36,842 $3.9M Reduce -5.9%
GS Goldman Sachs Group Inc. 0.13% 6,569 $3.8M Add +2.5%
AZO AutoZone Inc. 0.13% 1,173 $3.8M Reduce -2.1%
FTNT Fortinet Inc. 0.13% 39,613 $3.7M Reduce -2.5%
VIG Vanguard Dividend Apprec ETF 0.13% 18,539 $3.6M Reduce -3.1%
LULU Lululemon Athletica Inc. 0.12% 9,330 $3.6M Add +1.2%
PFE Pfizer Inc. 0.12% 133,821 $3.6M Add +7.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.12% 13,272 $3.5M Reduce -2.8%
HON Honeywell International Inc. 0.12% 15,467 $3.5M Reduce -8.7%
TMUS T-Mobile US Inc. 0.12% 15,788 $3.5M Reduce -0.8%
AXP American Express Co. 0.12% 11,638 $3.5M Reduce -2.0%
TMO Thermo Fisher Scientific Inc. 0.12% 6,592 $3.4M Reduce -33.1%
ORCL Oracle Corp. 0.12% 20,338 $3.4M Reduce -1.8%
KO The Coca-Cola Co. 0.11% 51,856 $3.2M Add +1.7%
XLG Invesco S&P 500 Top 50 ETF 0.11% 64,356 $3.2M No change
FNY First Trust Mid Cap Growth 0.11% 38,381 $3.1M Add +1.8%
WFC Wells Fargo & Co. 0.10% 42,460 $3.0M Add +6.2%
ROP Roper Technologies Inc. 0.10% 5,696 $3.0M Add +12.0%
MS Morgan Stanley 0.10% 23,159 $2.9M Reduce -9.1%
PPL PPL Corp. 0.10% 87,930 $2.9M Reduce -3.9%
MMM 3M Co. 0.10% 21,884 $2.8M Reduce -9.0%
CORT Corcept Therapeutics Inc. 0.10% 54,655 $2.8M Reduce -4.8%
IAT iShares US Regional Banks Et 0.09% 54,224 $2.7M Add +4.8%
IBB iShares Biotechnology ETF 0.09% 20,185 $2.7M Reduce -1.0%
MKC McCormick & Co.-Non VTG SHRS 0.09% 33,947 $2.6M Reduce -3.9%
SO The Southern Co. 0.09% 31,226 $2.6M Reduce -7.5%
DGRO iShares Core Dividend Growth 0.09% 41,518 $2.5M Add +2.7%
USB US Bancorp 0.09% 53,043 $2.5M Reduce -34.7%
SRE Sempra 0.09% 28,916 $2.5M Reduce -0.9%
LMT Lockheed Martin Corp. 0.09% 5,175 $2.5M Reduce -4.2%
BLK BlackRock Inc. 0.09% 2,420 $2.5M New
ITW Illinois Tool Works 0.09% 9,698 $2.5M Reduce -0.3%
IJH iShares Core S&P Midcap ETF 0.09% 39,375 $2.5M Add +0.3%
FCX Freeport-McMoran Inc. 0.08% 63,623 $2.4M Add +3.0%
ALL Allstate Corp. 0.08% 12,378 $2.4M Add +5.2%
PLD Prologis Inc. 0.08% 21,789 $2.3M Reduce -8.6%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.08% 21,310 $2.2M Reduce -1.1%
ORLY O'reilly Automotive Inc. 0.07% 1,770 $2.1M Reduce -1.1%
OMC Omnicom Group 0.07% 24,375 $2.1M Add +4.2%
MAR Marriott International Class A 0.07% 7,501 $2.1M Reduce -15.8%
ISRG Intuitive Surgical Inc. 0.07% 3,983 $2.1M Add +84.1%
GLW Corning Inc. 0.07% 43,151 $2.1M Add +9.9%
MA Mastercard Inc. Class A 0.07% 3,846 $2.0M Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 8,916 $2.0M Add +2.2%
BKNG Booking Holdings Inc. 0.07% 394 $2.0M Add +6.8%
CAH Cardinal Health Inc. 0.07% 16,390 $1.9M Add +5.3%
ELV Elevance Health Inc. 0.07% 5,254 $1.9M Reduce -60.3%
IWF iShares Russell 1000 Growth 0.07% 4,775 $1.9M Reduce -11.8%
WEC WEC Energy Group Inc. 0.07% 20,318 $1.9M Add +0.2%
OEF iShares S&P 100 ETF 0.07% 6,600 $1.9M Reduce -2.4%
JCI Johnson Controls Internation 0.07% 24,089 $1.9M Add +6.1%
SHW The Sherwin-Williams Co. 0.06% 5,500 $1.9M Reduce -1.4%
FDX FedEx Corp. 0.06% 6,632 $1.9M Add +0.3%
SCHM Schwab US Mid Cap ETF 0.06% 65,583 $1.8M No change
TGT Target Corp. 0.06% 13,102 $1.8M Reduce -6.9%
VYM Vanguard High DVD Yield ETF 0.06% 13,738 $1.8M Add +3.0%
EMR Emerson Electric Co. 0.06% 14,094 $1.7M Add +0.8%
UL Unilever PLC 0.06% 30,483 $1.7M Reduce -2.5%
RTX RTX Corp. 0.06% 14,932 $1.7M Reduce -1.8%
TSM Taiwan Semiconductor-SP ADR 0.06% 8,628 $1.7M Add +2.6%
IWM iShares Russell 2000 ETF 0.06% 7,568 $1.7M Add +76.2%
PH Parker Hannifin Corp. 0.06% 2,603 $1.7M Reduce -0.5%
QUAL iShares MSCI USA Quality Fac 0.06% 9,194 $1.6M Reduce -0.2%
TEL Te Connectivity PLC 0.06% 11,345 $1.6M Reduce -2.7%
AMT American Tower Corp. 0.05% 8,600 $1.6M Add +0.1%
CDNS Cadence Design SYS Inc. 0.05% 5,137 $1.5M No change
WMB Williams Cos Inc. 0.05% 28,203 $1.5M Reduce -0.7%
BA The Boeing Co. 0.05% 8,421 $1.5M Reduce -2.8%
KR Kroger Co. 0.05% 24,037 $1.5M Reduce -1.0%
LEN Lennar Corp. Class A 0.05% 10,654 $1.5M Reduce -4.0%
MPC Marathon Petroleum Corp. 0.05% 10,339 $1.4M Reduce -4.0%
CARR Carrier Global Corp. 0.05% 21,107 $1.4M Reduce -1.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.05% 3,334 $1.4M Reduce -37.2%
DLN Wisdomtree US Largecap Divid 0.05% 16,859 $1.3M Reduce -12.6%
ACWI iShares MSCI Acwi ETF 0.05% 11,155 $1.3M No change
IYF iShares US Financials ETF 0.04% 11,524 $1.3M Reduce -0.5%
J Jacobs Solutions Inc. 0.04% 9,291 $1.2M Reduce -18.8%
BMY Bristol-Myers Squibb Co. 0.04% 21,476 $1.2M Reduce -2.8%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 4,918 $1.2M Add +0.8%
COP Conocophillips 0.04% 11,614 $1.2M Add +13.2%
MDT Medtronic PLC 0.04% 14,319 $1.1M Reduce -16.3%
VEA Vanguard Ftse Developed ETF 0.04% 23,390 $1.1M Add +2.2%
RSP Invesco S&P 500 Equal Weight 0.04% 6,381 $1.1M Reduce -10.6%
T AT&T Inc. 0.04% 49,075 $1.1M Add +32.9%
IGV iShares Expanded Tech-Softwa 0.04% 10,725 $1.1M Add +2.3%
SCHX Schwab US Large-Cap ETF 0.04% 45,837 $1.1M No change
TEAM Atlassian Corp. Class A 0.04% 4,290 $1.0M Reduce -13.3%
VOO Vanguard S&P 500 ETF 0.04% 1,920 $1.0M Add +3.7%
VRSK Verisk Analytics Inc. 0.04% 3,736 $1.0M Reduce -2.6%
FNDX Schwab Fndmntl US LRG Co. ETF 0.04% 43,384 $1.0M Reduce -15.5%
IOO iShares Global 100 ETF 0.04% 10,062 $1.0M Reduce -7.5%
NUE Nucor Corp. 0.04% 8,645 $1.0M Reduce -64.7%
XNTK SS SPDR Nyse Tech ETF 0.03% 4,950 $999K Reduce -0.5%
SWK Stanley Black & Decker Inc. 0.03% 12,291 $987K Reduce -10.5%
SMH Vaneck Semiconductor ETF 0.03% 4,009 $971K Add +3.1%
NOW ServiceNow Inc. 0.03% 886 $939K Add +1.7%
NVS Novartis AG-Sponsored ADR 0.03% 9,645 $939K Reduce -1.1%
SCHG Schwab US Large-Cap Growth 0.03% 33,297 $928K No change
ET Energy Transfer LP 0.03% 47,300 $927K No change
XYL Xylem Inc. 0.03% 7,432 $862K Reduce -3.3%
CMCSA Comcast Corp. Class A 0.03% 22,301 $837K Reduce -3.5%
EPD Enterprise Products Partners 0.03% 26,642 $835K Add +16.3%
IETC iShares U.S. Tech Independen 0.03% 9,636 $822K No change
GILD Gilead Sciences Inc. 0.03% 8,886 $821K Reduce -2.3%
PFF iShares Preferred & Income S 0.03% 25,845 $813K Reduce -13.6%
SYY Sysco Corp. 0.03% 10,585 $809K Add +11.7%
BSX Boston Scientific Corp. 0.03% 9,058 $809K Reduce -0.8%
KKR KKR & Co. Inc. 0.03% 5,400 $799K No change
DUK Duke Energy Corp. 0.03% 7,380 $795K Reduce -0.2%
IAU iShares Gold Trust 0.03% 15,915 $788K Add +15.5%
GE General Electric filed as GE AEROSPACE 0.03% 4,708 $785K Add +10.5%
SOXX iShares Semiconductor ETF 0.03% 3,642 $785K Add +109.3%
STZ Constellation Brands Inc. Class A 0.03% 3,544 $783K Add +4.8%
ALB Albemarle Corp. 0.03% 8,948 $770K Reduce -33.2%
A Agilent Technologies Inc. 0.03% 5,678 $763K Reduce -6.7%
ONEQ Fidelity Nasdaq Comp Indx 0.03% 9,967 $758K No change
CMI Cummins Inc. 0.03% 2,150 $749K Add +1.1%
CVS CVS Health Corp. 0.03% 16,569 $744K Reduce -13.8%
MCK McKesson Corp. 0.02% 1,238 $706K Reduce -12.7%
TXN Texas Instruments Inc. 0.02% 3,742 $702K Add +4.7%
GSLC Goldman Activebeta US LC ETF 0.02% 6,020 $693K Reduce -1.6%
VLO Valero Energy Corp. 0.02% 5,497 $674K Add +1.8%
DLR Digital Realty Trust Inc. 0.02% 3,796 $673K Add +11.9%
MDLZ Mondelez International Inc. Class A 0.02% 10,997 $657K Reduce -3.6%
JBL Jabil Inc. 0.02% 4,527 $651K No change
SYK Stryker Corp. 0.02% 1,798 $647K Add +0.9%
GLD SPDR Gold Shares 0.02% 2,583 $625K Add +11.3%
AEP American Electric Power 0.02% 6,747 $622K Add +5.5%
NFLX Netflix Inc. 0.02% 698 $622K Reduce -0.6%
IBIT iShares Bitcoin Trust ETF 0.02% 11,565 $614K New
VEEV Veeva Systems Inc. Class A 0.02% 2,917 $613K No change
AFL Aflac Inc. 0.02% 5,732 $593K Reduce -3.4%
CI The Cigna Group 0.02% 2,077 $574K Reduce -4.2%
FTEC Fidelity MSCI Info Tech Indx 0.02% 3,102 $573K No change
INTC Intel Corp. 0.02% 28,575 $573K Reduce -15.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 4,637 $560K Add +0.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.02% 2,019 $545K No change
C Citigroup Inc. 0.02% 7,684 $541K Add +0.8%
PSX Phillips 66 0.02% 4,727 $539K No change
PM Philip Morris International 0.02% 4,469 $538K Add +1.4%
HUBB Hubbell Inc. 0.02% 1,260 $528K Add +26.0%
BDX Becton Dickinson and Co. 0.02% 2,267 $514K Reduce -31.6%
JWN Nordstrom Inc. 0.02% 21,266 $514K Reduce -3.9%
COIN Coinbase Global Inc. Class A 0.02% 2,040 $507K New
XEL Xcel Energy Inc. 0.02% 7,409 $500K No change
MO Altria Group Inc. 0.02% 9,245 $483K No change
FRT Federal Realty Invs Trust 0.02% 4,266 $478K Reduce -4.5%
OKE Oneok Inc. 0.02% 4,743 $476K Add +90.7%
KMI Kinder Morgan Inc. 0.02% 17,241 $472K Add +10.8%
GEV GE Vernova Inc. 0.02% 1,420 $467K Add +63.2%
INTU Intuit Inc. 0.02% 739 $464K Add +1.6%
FISV Fiserv Inc. 0.02% 2,258 $464K Add +58.2%
BIIB Biogen Inc. 0.02% 2,944 $450K No change
FCOM Fidelity MSCI Comm Serv Indx 0.02% 7,544 $443K No change
IHI iShares U.S. Medical Devices 0.02% 7,566 $441K No change
DKS Dick's Sporting Goods Inc. 0.02% 1,912 $438K No change
GIS General Mills Inc. 0.02% 6,809 $434K Add +1.6%
PSA Public Storage 0.01% 1,433 $429K Reduce -69.3%
DOV Dover Corp. 0.01% 2,287 $429K No change
ENPH Enphase Energy Inc. 0.01% 6,210 $427K Reduce -37.8%
PAYX Paychex Inc. 0.01% 2,930 $411K No change
IJR iShares Core S&P Small-Cap E 0.01% 3,563 $411K Add +5.1%
XAR SS SPDR S&P Aerospace Def 0.01% 2,473 $410K No change
FSLR First Solar Inc. 0.01% 2,283 $402K No change
IR Ingersoll-Rand Inc. 0.01% 4,445 $402K Reduce -11.8%
NEM Newmont Corp. 0.01% 10,747 $400K Add +6.2%
MASI Masimo Corp. 0.01% 2,415 $399K No change
PGR Progressive Corp. 0.01% 1,639 $393K No change
NSC Norfolk Southern Corp. 0.01% 1,665 $391K Add +21.8%
IPG Interpublic Group of Cos Inc. 0.01% 13,782 $386K Reduce -1.4%
MP MP Materials Corp. 0.01% 24,565 $383K Reduce -18.0%
IVE iShares S&P 500 Value ETF 0.01% 2,000 $382K Reduce -3.6%
ARM Arm Holdings PLC-ADR 0.01% 3,060 $377K Add +40.0%
SHEL Shell PLC-ADR 0.01% 5,915 $371K Add +2.3%
KEYS Keysight Technologies Inc. 0.01% 2,303 $370K Reduce -1.2%
EVRG Evergy Inc. 0.01% 5,946 $366K Add +3.7%
ESS Essex Property Trust Inc. 0.01% 1,280 $365K No change
WDAY Workday Inc. Class A 0.01% 1,403 $362K Reduce -26.2%
WPM Wheaton Precious Metals Corp. 0.01% 6,376 $359K Add +25.6%
PNC PNC Financial Services Group 0.01% 1,828 $353K Add +3.9%
FAST Fastenal Co. 0.01% 4,859 $349K No change
HACK Amplify Cybersecurity ETF 0.01% 4,658 $347K Add +1.5%
ES Eversource Energy 0.01% 5,992 $344K Reduce -0.3%
ENB Enbridge Inc. 0.01% 7,955 $338K Reduce -1.7%
ERTH Invesco MSCI Sustainable Fut 0.01% 8,319 $336K Add +4.0%
AZN Astrazeneca PLC-Spons ADR 0.01% 5,110 $335K Reduce -9.9%
MNDY Monday.com Ltd. 0.01% 1,409 $332K No change
IHF iShares U.S. Healthcare Prov 0.01% 6,896 $331K Add +0.2%
LYB Lyondellbasell Indu Class A 0.01% 4,444 $330K Reduce -8.9%
IWB iShares Russell 1000 ETF 0.01% 1,021 $329K Add +4.7%
OXY Occidental Petroleum Corp. 0.01% 6,617 $327K Reduce -4.7%
SNPS Synopsys Inc. 0.01% 665 $323K Reduce -5.4%
VGK Vanguard Ftse Europe ETF 0.01% 5,063 $321K Reduce -14.2%
AMD Advanced Micro Devices 0.01% 2,586 $312K Reduce -96.4%
ADM Archer-Daniels-Midland Co. 0.01% 6,092 $308K Reduce -2.0%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,082 $307K Reduce -0.2%
FDS Factset Research Systems Inc. 0.01% 639 $307K No change
ED Consolidated Edison Inc. 0.01% 3,405 $304K Add +19.1%
EW Edwards Lifesciences Corp. 0.01% 4,100 $304K Add +1.3%
F Ford Motor Co. filed as FORD MTR CO 0.01% 30,499 $302K Add +32.6%
IJK iShares S&P Mid-Cap 400 Grow 0.01% 3,260 $296K No change
ZS Zscaler Inc. 0.01% 1,615 $291K Reduce -25.9%
TD Toronto-Dominion Bank 0.01% 5,467 $291K Reduce -9.8%
DDOG Datadog Inc. Class A 0.01% 2,000 $286K New
IYJ iShares U.S. Industrials ETF 0.01% 2,135 $285K No change
IYT iShares US Transportation Et 0.01% 4,187 $283K Add +18.2%
NXPI NXP Semiconductors NV 0.01% 1,343 $279K Reduce -10.6%
KRE SS SPDR S&P Regional Bank 0.01% 4,575 $276K New
SCHK Schwab 1000 Index ETF 0.01% 9,712 $275K No change
AMP Ameriprise Financial Inc. 0.01% 514 $274K No change
PCAR Paccar Inc. 0.01% 2,620 $273K Reduce -8.5%
MPWR Monolithic Power Systems Inc. 0.01% 457 $270K No change
USMV iShares MSCI USA Min Vol Fac 0.01% 3,020 $268K No change
EFA iShares MSCI Eafe ETF 0.01% 3,515 $266K Reduce -11.3%
FNCL Fidelity MSCI Financial Indx 0.01% 3,859 $265K Reduce -0.6%
STT State Street Corp. 0.01% 2,651 $260K No change
AWK American Water Works Co. Inc. 0.01% 2,060 $256K Reduce -21.6%
PPH Vaneck Pharmaceutical ETF 0.01% 2,923 $252K No change
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.01% 10,296 $245K New
PHO Invesco Water Resources ETF 0.01% 3,708 $244K No change
PPG PPG Industries Inc. 0.01% 2,010 $240K Reduce -3.5%
CSX CSX Corp. 0.01% 7,435 $240K Add +0.7%
IXN iShares Global Tech ETF 0.01% 2,788 $236K No change
DOW Dow Inc. 0.01% 5,858 $235K Reduce -15.1%
OTIS Otis Worldwide Corp. 0.01% 2,532 $234K Reduce -12.4%
IWD iShares Russell 1000 Value E 0.01% 1,255 $232K Reduce -47.6%
XYLD Global X S&P 500 Cove Call E 0.01% 5,533 $232K No change
CE Celanese Corp. 0.01% 3,284 $227K Reduce -18.5%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.01% 1,931 $227K Reduce -9.4%
CNI Canadian Natl Railway Co. 0.01% 2,212 $225K No change
IYH iShares U.S. Healthcare ETF 0.01% 3,835 $223K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 2,892 $222K New
CHKP Check Point Software Tech 0.01% 1,190 $222K New
SGOL Abrdn Physical Gold Shares 0.01% 8,850 $222K No change
WY Weyerhaeuser Co. 0.01% 7,873 $222K No change
GM General Motors Co. 0.01% 4,143 $221K New
AON Aon PLC Class A 0.01% 609 $219K No change
HPQ HP Inc. 0.01% 6,636 $217K No change
LNG Cheniere Energy Inc. 0.01% 993 $213K New
DFS Discover Financial Services 0.01% 1,223 $212K New
TM Toyota Motor Corp. -Spon ADR 0.01% 1,086 $211K New
PANW Palo Alto Networks Inc. 0.01% 1,150 $209K Reduce -41.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 609 $209K New
SHOP Shopify Inc. Class A 0.01% 1,952 $208K New
FHLC Fidelity MSCI Health Care 0.01% 3,166 $207K Reduce -84.1%
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.01% 2,280 $205K New
IEV iShares Europe ETF 0.01% 3,865 $201K No change
SLQT Selectquote Inc. 0.01% 47,608 $177K Reduce -83.0%
B Barrick Gold Corp. 0.01% 10,288 $159K New
CLF Cleveland-Cliffs Inc. 0.01% 16,554 $156K Reduce -11.1%
ZYXIQ Zynex Inc. 0.00% 17,270 $138K No change
NAT Nordic American Tankers Ltd. 0.00% 25,677 $64K New
CX Cemex Sab-Spons ADR Part Cer 0.00% 10,067 $57K No change
MMT Aberdeen Multimarket Income 0.00% 10,000 $47K No change
GGB Gerdau SA -Spon ADR 0.00% 14,576 $42K No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $18.0M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 11,465$13.7MReduce -3.9%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,261$2.8MAdd +0.5%
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 38,986$1.6MReduce 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

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