KCM Investment Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), KCM Investment Advisors LLC reported 359 stock positions worth $2.8 billion. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by SS Technology Select Sector (XLK, 5.3%) and Microsoft (MSFT, 4.1%). Compared with Q4 2024, it opened 15 new positions, sold out of 20, added to 95 and reduced 191. The biggest buy was Carlisle Cos (CSL, shares +263%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001109228
- Portfolio Value
- $2.8B (Q1 2025)
- SEC Filing
- 0001941040-25-000297 ↗ filed May 14, 2025
Holdings Value
Holdings 359 stocks · $2.8B
| AAPL Apple Inc. | 7.20% | 895,992 | $199.0M | Reduce -2.5% |
| XLK SS Technology Select Sector | 5.31% | 711,704 | $147.0M | Add +2.7% |
| MSFT Microsoft Corp. | 4.12% | 303,805 | $114.0M | Reduce -1.9% |
| COST Costco Wholesale Corp. | 4.01% | 117,133 | $110.8M | Reduce -2.3% |
| XLC SS Comm Select Sector SPDR | 2.35% | 674,811 | $65.1M | Add +4.5% |
| AMZN Amazon.com Inc. | 2.32% | 336,914 | $64.1M | Reduce -1.2% |
| VTI VG Morningstar TS MKT ETF-US | 2.21% | 222,056 | $61.0M | Add +0.2% |
| V Visa Inc. Class A | 1.98% | 155,977 | $54.7M | Reduce -2.9% |
| CVX Chevron Corp. | 1.96% | 324,424 | $54.3M | Reduce -2.9% |
| ADP Automatic Data Processing | 1.95% | 176,954 | $54.1M | Reduce -2.6% |
| WMT Walmart Inc. | 1.83% | 576,205 | $50.6M | Reduce -1.5% |
| HD Home Depot Inc. | 1.82% | 137,476 | $50.4M | Add +5.3% |
| XLV SS Health Care Select Sector | 1.79% | 338,414 | $49.4M | Add +5.5% |
| XLY SS Consumer Disc Select Sect | 1.70% | 238,548 | $47.1M | Add +5.3% |
| WM Waste Management Inc. | 1.62% | 192,940 | $44.7M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 1.61% | 181,477 | $44.5M | Add +1.8% |
| XLF SS Financial Select Sector | 1.58% | 879,432 | $43.8M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 1.56% | 278,209 | $43.0M | Reduce -1.9% |
| VGT Vanguard Info Tech ETF | 1.54% | 78,440 | $42.5M | Add +8.2% |
| VFH Vanguard Financials ETF | 1.50% | 348,157 | $41.6M | Add +1.7% |
| NVDA Nvidia Corp. | 1.49% | 379,011 | $41.1M | Reduce -1.6% |
| VOX Vanguard Communication Servi | 1.44% | 267,652 | $39.7M | Add +5.2% |
| PG The Procter & Gamble Co. | 1.25% | 202,363 | $34.5M | Reduce -4.8% |
| XLI SS Industrial Select Sector | 1.23% | 258,694 | $33.9M | Add +2.0% |
| TT Trane Technologies PLC | 1.22% | 99,893 | $33.7M | Reduce -1.4% |
| XLP SS Consumer Staples Sel Sect | 1.21% | 410,786 | $33.5M | Reduce -2.0% |
| JNJ Johnson & Johnson | 1.20% | 200,081 | $33.2M | Reduce -4.7% |
| XLE SS Energy Select Sector | 1.19% | 353,448 | $33.0M | Reduce 0.0% |
| LLY Eli Lilly & Co. | 1.13% | 37,750 | $31.2M | Add +0.9% |
| BX Blackstone Inc. | 1.06% | 210,285 | $29.4M | Add +4.2% |
| VHT Vanguard Health Care ETF | 1.04% | 108,506 | $28.7M | Add +3.5% |
| AMGN Amgen Inc. | 1.01% | 89,959 | $28.0M | Reduce -1.2% |
| VCR Vanguard Consumer Discre ETF | 0.98% | 83,293 | $27.1M | Add +3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 45,073 | $25.2M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.90% | 349,960 | $24.8M | Reduce -1.2% |
| MCD McDonald's Corp. | 0.86% | 76,541 | $23.9M | Reduce -3.8% |
| GOOG Alphabet Inc. Class C | 0.85% | 149,918 | $23.4M | Reduce -0.1% |
| VIS Vanguard Industrials ETF | 0.75% | 84,001 | $20.8M | Add +0.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.74% | 43,373 | $20.3M | Add +0.8% |
| ECL Ecolab Inc. | 0.68% | 73,632 | $18.7M | Reduce -2.4% |
| ABT Abbott Laboratories | 0.67% | 139,782 | $18.5M | Reduce -2.2% |
| CSL Carlisle Cos Inc. | 0.67% | 54,292 | $18.5M | Add +262.9% |
| CAT Caterpillar Inc. | 0.62% | 52,222 | $17.2M | Reduce -3.0% |
| ABBV Abbvie Inc. | 0.57% | 75,681 | $15.9M | Reduce -3.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 29,049 | $15.5M | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 361,810 | $15.1M | Reduce -7.0% |
| DHR Danaher Corp. | 0.55% | 73,588 | $15.1M | Reduce -7.9% |
| APD Air Products & Chemicals Inc. | 0.48% | 44,627 | $13.2M | Reduce -1.4% |
| VDC Vanguard Consumer Staple ETF | 0.47% | 59,996 | $13.1M | Add +1.9% |
| SBUX Starbucks Corp. | 0.47% | 131,719 | $12.9M | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.46% | 283,297 | $12.9M | Reduce -4.7% |
| SDY SS SPDR S&P Dividend ETF | 0.46% | 94,508 | $12.8M | Reduce -0.2% |
| KMB Kimberly-Clark Corp. | 0.46% | 88,524 | $12.6M | Reduce -4.3% |
| O Realty Income Corp. | 0.42% | 201,998 | $11.7M | Reduce -4.8% |
| AVGO Broadcom Inc. | 0.41% | 68,469 | $11.5M | Reduce -5.7% |
| KLAC KLA Corp. | 0.39% | 15,829 | $10.8M | Reduce -0.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.36% | 127,200 | $10.0M | Add +7.4% |
| UPS United Parcel Service Class B | 0.35% | 88,831 | $9.8M | Reduce -23.3% |
| LOW Lowe's Cos Inc. | 0.34% | 40,537 | $9.5M | Reduce -1.7% |
| VNQ Vanguard Real Estate ETF | 0.33% | 99,441 | $9.0M | Reduce -8.6% |
| XLB SS Materials Select Sector | 0.32% | 102,540 | $8.8M | Add +1.0% |
| ACN Accenture PLC Class A | 0.30% | 26,249 | $8.2M | Reduce -1.1% |
| MDY State Street SPDR S&P Midcap | 0.28% | 14,454 | $7.7M | Reduce -3.8% |
| VDE Vanguard Energy ETF | 0.28% | 58,871 | $7.6M | Reduce -5.3% |
| NKE Nike Inc. Class B | 0.28% | 120,019 | $7.6M | Reduce -6.7% |
| LH Labcorp Holdings Inc. | 0.27% | 32,122 | $7.5M | Reduce -1.3% |
| VAW Vanguard Materials ETF | 0.27% | 39,572 | $7.5M | Add +0.5% |
| SCHW Schwab (charles) Corp. | 0.27% | 95,061 | $7.4M | Reduce -8.4% |
| DVY iShares Select Dividend ETF | 0.26% | 52,798 | $7.1M | Reduce -0.2% |
| CTAS Cintas Corp. | 0.25% | 33,615 | $6.9M | Reduce -1.2% |
| LIN Linde PLC | 0.25% | 14,580 | $6.8M | Reduce -2.7% |
| GPC Genuine Parts Co. | 0.24% | 56,144 | $6.7M | Reduce -9.0% |
| SCCO Southern Copper Corp. | 0.24% | 71,509 | $6.7M | Add +2.2% |
| IVV iShares Core S&P 500 ETF | 0.24% | 11,886 | $6.7M | Reduce -0.7% |
| AMAT Applied Materials Inc. | 0.24% | 45,904 | $6.7M | Reduce -2.5% |
| SPGI S&P Global Inc. | 0.24% | 13,023 | $6.6M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.23% | 12,389 | $6.5M | Reduce -0.3% |
| UNP Union Pacific Corp. | 0.23% | 26,597 | $6.3M | Reduce -10.0% |
| VPU Vanguard Utilities ETF | 0.23% | 36,682 | $6.3M | Add +1.5% |
| QCOM Qualcomm Inc. | 0.23% | 40,611 | $6.2M | Reduce -8.7% |
| CLX Clorox Company | 0.21% | 39,979 | $5.9M | Reduce -3.3% |
| VRT Vertiv Holdings Co. Class A | 0.21% | 79,881 | $5.8M | Add +82.3% |
| CSCO Cisco Systems Inc. | 0.21% | 93,139 | $5.7M | Add +0.4% |
| CL Colgate-Palmolive Co. | 0.20% | 58,802 | $5.5M | Reduce -6.3% |
| CORT Corcept Therapeutics Inc. | 0.20% | 47,655 | $5.4M | Reduce -12.8% |
| SCHD Schwab US DVD Equity ETF | 0.20% | 194,496 | $5.4M | Reduce -3.2% |
| GD General Dynamics Corp. | 0.19% | 19,700 | $5.4M | Reduce -1.2% |
| PEG Public Service Enterprise GP | 0.19% | 63,169 | $5.2M | Reduce -3.0% |
| MRK Merck & Co. Inc. | 0.19% | 57,661 | $5.2M | Reduce -19.7% |
| LHX L3HARRIS Technologies Inc. | 0.19% | 24,575 | $5.1M | Add +7.4% |
| SCHB Schwab US Broad Market ETF | 0.18% | 232,874 | $5.0M | Add +0.0% |
| CB Chubb Ltd. | 0.18% | 16,373 | $4.9M | Reduce -1.5% |
| ETN Eaton Corp. PLC | 0.18% | 17,850 | $4.9M | Reduce -1.4% |
| DE Deere & Co. | 0.17% | 10,255 | $4.8M | Reduce -2.0% |
| TMUS T-Mobile US Inc. | 0.17% | 18,021 | $4.8M | Add +14.1% |
| TRV The Travelers Cos Inc. | 0.17% | 17,966 | $4.8M | Reduce -15.9% |
| XLRE SS Real Estate Select Sector | 0.17% | 112,965 | $4.7M | Add +12.2% |
| FENY Fidelity MSCI Energy Index | 0.17% | 179,584 | $4.6M | Reduce -3.0% |
| ROST Ross Stores Inc. | 0.17% | 35,776 | $4.6M | Add +1.6% |
| AZO AutoZone Inc. | 0.16% | 1,165 | $4.4M | Reduce -0.7% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $18.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 11,649 | $14.0M | Add +1.6% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,362 | $2.9M | Add +4.5% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 33,804 | $1.4M | Reduce -13.3% |
Total filed on the 13F, all lines: $2.8B.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -2.5% | 7.20% | −0.79 |
| MSFT Microsoft Corp. | Reduce -1.9% | 4.12% | −0.41 |
| EIX Edison International | Reduce -96.5% | 0.01% | −0.38 |
| NVDA Nvidia Corp. | Reduce -1.6% | 1.49% | −0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 1.56% | −0.31 |
| CCI Crown Castle Inc. | Reduce -74.6% | 0.12% | −0.28 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 2.32% | −0.28 |
| AVGO Broadcom Inc. | Reduce -5.7% | 0.41% | −0.17 |
| UPS United Parcel Service Class B | Reduce -23.3% | 0.35% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 0.85% | −0.14 |
| PEP Pepsico Inc. | Reduce -63.2% | 0.09% | −0.14 |
| TSLA Tesla Inc. | Reduce -15.4% | 0.14% | −0.11 |
| DHR Danaher Corp. | Reduce -7.9% | 0.55% | −0.09 |
| TT Trane Technologies PLC | Reduce -1.4% | 1.22% | −0.08 |
| NKE Nike Inc. Class B | Reduce -6.7% | 0.28% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -19.7% | 0.19% | −0.06 |
| CAT Caterpillar Inc. | Reduce -3.0% | 0.62% | −0.05 |
| USB US Bancorp | Reduce -52.8% | 0.04% | −0.05 |
| BAC Bank of America Corp. | Reduce -7.0% | 0.55% | −0.05 |
| AMT American Tower Corp. | Reduce -75.8% | 0.02% | −0.04 |
| SRE Sempra | Reduce -31.8% | 0.05% | −0.04 |
| ETN Eaton Corp. PLC | Reduce -1.4% | 0.18% | −0.03 |
| DIS The Walt Disney Co. | Reduce -13.6% | 0.13% | −0.03 |
| ACN Accenture PLC Class A | Reduce -1.1% | 0.30% | −0.03 |
| CARR Carrier Global Corp. | Reduce -54.1% | 0.02% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -2.5% | 0.24% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -25.4% | 0.06% | −0.02 |
| TGT Target Corp. | Reduce -24.3% | 0.04% | −0.02 |
| OMC Omnicom Group | Reduce -32.4% | 0.05% | −0.02 |
| PGX Invesco Preferred ETF | Reduce -17.4% | 0.12% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.02 |
| CLX Clorox Company | Reduce -3.3% | 0.21% | −0.02 |
| TEL Te Connectivity PLC | Reduce -35.6% | 0.04% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -3.8% | 0.28% | −0.02 |
| ADBE Adobe Inc. | Reduce -2.7% | 0.12% | −0.02 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -16.5% | 0.06% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 0.91% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -8.7% | 0.23% | −0.01 |
| CDNS Cadence Design SYS Inc. | Reduce -10.8% | 0.04% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -1.7% | 0.34% | −0.01 |
| MAR Marriott International Class A | Reduce -4.7% | 0.06% | −0.01 |
| EMR Emerson Electric Co. | Reduce -10.8% | 0.05% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -55.7% | 0.01% | −0.01 |
| AXP American Express Co. | Reduce -3.6% | 0.11% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -8.6% | 0.33% | −0.01 |
| ZS Zscaler Inc. | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -7.5% | 0.11% | −0.01 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.01 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| CSL Carlisle Cos Inc. | Add +262.9% | 0.67% | +0.48 |
| XLV SS Health Care Select Sector | Add +5.5% | 1.79% | +0.26 |
| XLC SS Comm Select Sector SPDR | Add +4.5% | 2.35% | +0.19 |
| JPM JPMorgan Chase & Co. | Add +1.8% | 1.61% | +0.13 |
| LLY Eli Lilly & Co. | Add +0.9% | 1.13% | +0.13 |
| VHT Vanguard Health Care ETF | Add +3.5% | 1.04% | +0.12 |
| SMH Vaneck Semiconductor ETF | Add +365.1% | 0.14% | +0.11 |
| VFH Vanguard Financials ETF | Add +1.7% | 1.50% | +0.10 |
| VOX Vanguard Communication Servi | Add +5.2% | 1.44% | +0.07 |
| XLI SS Industrial Select Sector | Add +2.0% | 1.23% | +0.07 |
| BLDR Builders Firstsource Inc. | New | 0.06% | +0.06 |
| HD Home Depot Inc. | Add +5.3% | 1.82% | +0.06 |
| TMUS T-Mobile US Inc. | Add +14.1% | 0.17% | +0.05 |
| CW Curtiss-Wright Corp. | New | 0.05% | +0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +7.4% | 0.36% | +0.05 |
| VDC Vanguard Consumer Staple ETF | Add +1.9% | 0.47% | +0.04 |
| SOXX iShares Semiconductor ETF | Add +159.3% | 0.06% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +82.3% | 0.21% | +0.04 |
| LRCX Lam Research Corp. | New | 0.03% | +0.03 |
| MAS Masco Corp. | New | 0.03% | +0.03 |
| XLRE SS Real Estate Select Sector | Add +12.2% | 0.17% | +0.03 |
| XLB SS Materials Select Sector | Add +1.0% | 0.32% | +0.02 |
| ORLY O'reilly Automotive Inc. | Add +3.8% | 0.10% | +0.02 |
| VPU Vanguard Utilities ETF | Add +1.5% | 0.23% | +0.02 |
| SCCO Southern Copper Corp. | Add +2.2% | 0.24% | +0.02 |
| SO The Southern Co. | Add +4.8% | 0.11% | +0.02 |
| ELV Elevance Health Inc. | Add +4.5% | 0.09% | +0.02 |
| LHX L3HARRIS Technologies Inc. | Add +7.4% | 0.19% | +0.02 |
| CSCO Cisco Systems Inc. | Add +0.4% | 0.21% | +0.02 |
| IBM Intl Business Machines Corp. | Add +3.2% | 0.08% | +0.01 |
| SPGI S&P Global Inc. | Add +0.2% | 0.24% | +0.01 |
| MNDY Monday.com Ltd. | Add +103.5% | 0.03% | +0.01 |
| VAW Vanguard Materials ETF | Add +0.5% | 0.27% | +0.01 |
| VIS Vanguard Industrials ETF | Add +0.4% | 0.75% | +0.01 |
| ALL Allstate Corp. | Add +3.2% | 0.10% | +0.01 |
| RTX RTX Corp. | Add +1.7% | 0.07% | +0.01 |
| IWM iShares Russell 2000 ETF | Add +29.3% | 0.07% | +0.01 |
| MCK McKesson Corp. | Add +21.6% | 0.04% | +0.01 |
| GILD Gilead Sciences Inc. | Add +8.0% | 0.04% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.01% | +0.01 |
| SCHF Schwab Intl Equity ETF | New | 0.01% | +0.01 |
| DDOG Datadog Inc. Class A | Add +165.0% | 0.02% | +0.01 |
| NFLX Netflix Inc. | Add +30.5% | 0.03% | +0.01 |
| HSY The Hershey Co. | New | 0.01% | +0.01 |
| KR Kroger Co. | Add +0.6% | 0.06% | +0.01 |
| CTRA Coterra Energy Inc. | New | 0.01% | +0.01 |
| WELL Welltower Inc. | New | 0.01% | +0.01 |
| NUE Nucor Corp. | Add +14.4% | 0.04% | +0.01 |
| COF Capital One Financial Corp. | New | 0.01% | +0.01 |
| CSGP Costar Group Inc. | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.6% | 11,649 | $14.0M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Add +4.5% | 2,362 | $2.9M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -13.3% | 33,804 | $1.4M |
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 |