KCM Investment Advisors LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), KCM Investment Advisors LLC reported 391 stock positions worth $3.0 billion. Its top holding was Apple (AAPL) at 7.1% of the portfolio, followed by SS Technology Select Sector (XLK, 6.0%) and Costco Wholesale (COST, 3.7%). Compared with Q4 2025, it opened 13 new positions, sold out of 14, added to 148 and reduced 171. The biggest buy was Chevron (CVX, shares +0%) and the biggest sale Microsoft (MSFT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- GREENBRAE, CA
- CIK
- 0001109228
- Portfolio Value
- $3.0B (Q1 2026)
- SEC Filing
- 0001941040-26-000374 ↗ filed May 15, 2026
Holdings Value
Holdings 391 stocks · $3.0B
| AAPL Apple Inc. | 7.11% | 839,802 | $213.1M | Reduce -2.5% |
| XLK SS Technology Select Sector | 5.98% | 1,348,601 | $179.2M | Add +0.4% |
| COST Costco Wholesale Corp. | 3.74% | 112,385 | $112.0M | Reduce -2.2% |
| MSFT Microsoft Corp. | 3.58% | 289,473 | $107.2M | Reduce -3.0% |
| GOOGL Alphabet Inc. Class A | 2.59% | 270,345 | $77.7M | Reduce -0.8% |
| WMT Walmart Inc. | 2.31% | 557,356 | $69.3M | Reduce -1.3% |
| AMZN Amazon.com Inc. | 2.29% | 329,107 | $68.5M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 2.21% | 224,754 | $66.1M | Add +2.5% |
| CVX Chevron Corp. | 2.17% | 314,600 | $65.1M | Add +0.2% |
| NVDA Nvidia Corp. | 2.15% | 370,072 | $64.5M | Add +0.4% |
| XLC SS Comm Select Sector SPDR | 1.84% | 497,968 | $55.2M | Reduce -6.6% |
| XLY SS Consumer Disc Select Sect | 1.80% | 496,197 | $54.1M | Add +1.5% |
| VGT Vanguard Info Tech ETF | 1.78% | 76,389 | $53.3M | Reduce -6.7% |
| XLV SS Health Care Select Sector | 1.60% | 326,615 | $47.9M | Reduce -1.4% |
| V Visa Inc. Class A | 1.53% | 151,405 | $45.8M | Reduce -0.2% |
| JNJ Johnson & Johnson | 1.52% | 186,280 | $45.5M | Reduce -1.3% |
| HD Home Depot Inc. | 1.50% | 136,632 | $44.9M | Reduce -0.5% |
| VOX Vanguard Communication Servi | 1.49% | 248,024 | $44.6M | Reduce -8.5% |
| XLI SS Industrial Select Sector | 1.48% | 273,662 | $44.3M | Add +6.5% |
| WM Waste Management Inc. | 1.42% | 185,064 | $42.5M | Reduce -2.4% |
| XLF SS Financial Select Sector | 1.42% | 860,033 | $42.5M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 1.40% | 145,767 | $41.8M | Reduce -1.5% |
| XLE SS Energy Select Sector | 1.32% | 646,525 | $39.6M | Reduce -1.7% |
| TT Trane Technologies PLC | 1.31% | 94,579 | $39.4M | Reduce -2.2% |
| CAT Caterpillar Inc. | 1.16% | 49,275 | $34.9M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 1.14% | 59,124 | $34.1M | Add +0.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.12% | 104,346 | $33.5M | Reduce -0.0% |
| XLP SS Consumer Staples Sel Sect | 1.12% | 407,834 | $33.4M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 1.10% | 353,566 | $32.8M | Reduce -2.1% |
| VCR Vanguard Consumer Discre ETF | 1.04% | 86,486 | $31.1M | Add +0.2% |
| AMGN Amgen Inc. | 1.02% | 87,251 | $30.7M | Reduce -0.3% |
| ADP Automatic Data Processing | 1.00% | 146,873 | $29.8M | Reduce -12.8% |
| VIS Vanguard Industrials ETF | 0.90% | 86,833 | $27.1M | Add +0.2% |
| PG The Procter & Gamble Co. | 0.84% | 175,289 | $25.3M | Reduce -3.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.81% | 37,275 | $24.2M | Reduce -16.0% |
| BX Blackstone Inc. | 0.80% | 209,212 | $24.1M | Reduce -1.5% |
| MCD McDonald's Corp. | 0.79% | 75,834 | $23.6M | Reduce -0.5% |
| VFH Vanguard Financials ETF | 0.78% | 193,484 | $23.4M | Reduce -4.7% |
| LLY Eli Lilly & Co. | 0.74% | 24,219 | $22.3M | Reduce -3.2% |
| KLAC KLA Corp. | 0.73% | 14,846 | $21.9M | Reduce -1.6% |
| VRT Vertiv Holdings Co. Class A | 0.71% | 85,009 | $21.3M | Reduce -1.6% |
| CSL Carlisle Cos Inc. | 0.65% | 58,394 | $19.5M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.64% | 62,058 | $19.2M | Add +4.4% |
| ECL Ecolab Inc. | 0.60% | 67,937 | $18.1M | Reduce -4.0% |
| ABBV Abbvie Inc. | 0.56% | 76,791 | $16.7M | Add +0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.52% | 319,992 | $15.6M | Reduce -4.5% |
| AMAT Applied Materials Inc. | 0.50% | 43,545 | $14.9M | Reduce -2.3% |
| SCCO Southern Copper Corp. | 0.49% | 86,082 | $14.8M | Add +7.4% |
| VHT Vanguard Health Care ETF | 0.49% | 53,633 | $14.6M | Reduce -3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 29,117 | $14.0M | Add +2.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.46% | 299,701 | $13.8M | Add +7.6% |
| SDY SS SPDR S&P Dividend ETF | 0.45% | 92,702 | $13.5M | Add +0.1% |
| ABT Abbott Laboratories | 0.44% | 129,053 | $13.2M | Reduce -11.3% |
| VDC Vanguard Consumer Staple ETF | 0.43% | 57,663 | $13.0M | Reduce -1.0% |
| DHR Danaher Corp. | 0.41% | 65,267 | $12.4M | Reduce -4.5% |
| SOXX iShares Semiconductor ETF | 0.39% | 35,873 | $11.8M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 0.39% | 231,584 | $11.6M | Reduce -1.1% |
| APD Air Products & Chemicals Inc. | 0.39% | 39,899 | $11.6M | Reduce -4.2% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.38% | 85,988 | $11.5M | Add +53.4% |
| O Realty Income Corp. | 0.38% | 187,006 | $11.4M | Reduce -3.1% |
| XLB SS Materials Select Sector | 0.37% | 223,785 | $11.2M | Add +3.7% |
| VAW Vanguard Materials ETF | 0.32% | 42,492 | $9.6M | Add +15.1% |
| SCHW Schwab (charles) Corp. | 0.29% | 93,343 | $8.8M | Add +0.0% |
| SBUX Starbucks Corp. | 0.29% | 97,763 | $8.8M | Reduce -6.0% |
| LOW Lowe's Cos Inc. | 0.29% | 37,000 | $8.7M | Reduce -0.9% |
| LHX L3HARRIS Technologies Inc. | 0.29% | 25,268 | $8.7M | Reduce -0.6% |
| MDY State Street SPDR S&P Midcap | 0.29% | 14,012 | $8.6M | Reduce -3.1% |
| VDE Vanguard Energy ETF | 0.29% | 49,768 | $8.6M | Reduce -6.1% |
| SMH Vaneck Semiconductor ETF | 0.29% | 22,459 | $8.6M | Add +8.4% |
| DVY iShares Select Dividend ETF | 0.27% | 52,847 | $8.0M | Add +0.0% |
| LH Labcorp Holdings Inc. | 0.26% | 29,600 | $7.9M | Reduce -5.3% |
| CSCO Cisco Systems Inc. | 0.26% | 99,362 | $7.7M | Add +1.5% |
| IVV iShares Core S&P 500 ETF | 0.26% | 11,756 | $7.7M | Reduce -1.1% |
| VNQ Vanguard Real Estate ETF | 0.25% | 84,283 | $7.5M | Reduce -10.7% |
| CW Curtiss-Wright Corp. | 0.24% | 10,445 | $7.1M | Add +1.5% |
| VPU Vanguard Utilities ETF | 0.24% | 35,642 | $7.1M | Reduce -2.6% |
| LIN Linde PLC | 0.23% | 14,125 | $7.0M | Add +1.0% |
| KMB Kimberly-Clark Corp. | 0.23% | 72,233 | $7.0M | Reduce -5.5% |
| GD General Dynamics Corp. | 0.22% | 19,639 | $6.7M | Add +0.2% |
| ROST Ross Stores Inc. | 0.22% | 30,930 | $6.7M | Reduce -2.2% |
| MRK Merck & Co. Inc. | 0.22% | 53,668 | $6.5M | Reduce -0.2% |
| GLW Corning Inc. | 0.21% | 46,219 | $6.3M | Reduce -1.5% |
| ETN Eaton Corp. PLC | 0.21% | 17,277 | $6.2M | Reduce -0.1% |
| SCHB Schwab US Broad Market ETF | 0.20% | 233,328 | $5.9M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.19% | 32,717 | $5.6M | Add +3.0% |
| GS Goldman Sachs Group Inc. | 0.18% | 6,550 | $5.5M | Add +3.7% |
| CB Chubb Ltd. | 0.18% | 16,713 | $5.4M | Add +1.2% |
| XLRE SS Real Estate Select Sector | 0.18% | 133,268 | $5.4M | Reduce -2.4% |
| PEG Public Service Enterprise GP | 0.18% | 65,977 | $5.3M | Reduce -2.0% |
| TSLA Tesla Inc. | 0.18% | 14,193 | $5.3M | Add +1.8% |
| SCHD Schwab US DVD Equity ETF | 0.17% | 163,731 | $5.0M | Reduce -3.6% |
| GPC Genuine Parts Co. | 0.16% | 46,037 | $4.9M | Reduce -11.0% |
| TRV The Travelers Cos Inc. | 0.16% | 16,332 | $4.8M | Reduce -8.6% |
| FDIS Fidelity MSCI Cons Discr Ind | 0.16% | 50,674 | $4.7M | Add +0.1% |
| CTAS Cintas Corp. | 0.15% | 26,749 | $4.5M | Reduce -6.6% |
| DE Deere & Co. | 0.15% | 8,025 | $4.5M | Add +2.2% |
| GLD SPDR Gold Shares | 0.15% | 10,438 | $4.5M | Add +14.2% |
| FENY Fidelity MSCI Energy Index | 0.15% | 131,963 | $4.5M | Reduce -15.4% |
| QCOM Qualcomm Inc. | 0.15% | 34,295 | $4.4M | Reduce -3.0% |
| SPGI S&P Global Inc. | 0.14% | 10,107 | $4.3M | Reduce -11.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $15.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 11,116 | $12.8M | Reduce -4.0% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,330 | $2.8M | Reduce -4.4% |
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -3.0% | 3.58% | −1.08 |
| AAPL Apple Inc. | Reduce -2.5% | 7.11% | −0.44 |
| ADP Automatic Data Processing | Reduce -12.8% | 1.00% | −0.40 |
| BX Blackstone Inc. | Reduce -1.5% | 0.80% | −0.25 |
| VGT Vanguard Info Tech ETF | Reduce -6.7% | 1.78% | −0.21 |
| VOX Vanguard Communication Servi | Reduce -8.5% | 1.49% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 2.29% | −0.20 |
| V Visa Inc. Class A | Reduce -0.2% | 1.53% | −0.19 |
| XLC SS Comm Select Sector SPDR | Reduce -6.6% | 1.84% | −0.18 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -16.0% | 0.81% | −0.17 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 2.59% | −0.16 |
| ABT Abbott Laboratories | Reduce -11.3% | 0.44% | −0.15 |
| APPF Appfolio Inc. Class A | Reduce -81.1% | 0.02% | −0.13 |
| LLY Eli Lilly & Co. | Reduce -3.2% | 0.74% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -84.8% | 0.02% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -1.5% | 1.40% | −0.10 |
| OMC Omnicom Group | Reduce -62.4% | 0.06% | −0.10 |
| VFH Vanguard Financials ETF | Reduce -4.7% | 0.78% | −0.09 |
| DHR Danaher Corp. | Reduce -4.5% | 0.41% | −0.09 |
| BAC Bank of America Corp. | Reduce -4.5% | 0.52% | −0.07 |
| XLV SS Health Care Select Sector | Reduce -1.4% | 1.60% | −0.06 |
| ACN Accenture PLC Class A | Reduce -8.2% | 0.13% | −0.06 |
| SPGI S&P Global Inc. | Reduce -11.9% | 0.14% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -3.0% | 0.15% | −0.05 |
| GPC Genuine Parts Co. | Reduce -11.0% | 0.16% | −0.04 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -67.0% | 0.02% | −0.03 |
| NKE Nike Inc. Class B | Reduce -5.3% | 0.14% | −0.03 |
| ORCL Oracle Corp. | Reduce -1.6% | 0.10% | −0.03 |
| VHT Vanguard Health Care ETF | Reduce -3.2% | 0.49% | −0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -56.6% | 0.02% | −0.03 |
| HD Home Depot Inc. | Reduce -0.5% | 1.50% | −0.02 |
| CTAS Cintas Corp. | Reduce -6.6% | 0.15% | −0.02 |
| ADBE Adobe Inc. | Reduce -1.5% | 0.05% | −0.02 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Sold out | 0.00% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -10.7% | 0.25% | −0.02 |
| CRM Salesforce Inc. | Reduce -4.5% | 0.04% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -2.0% | 0.07% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -2.7% | 0.08% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -5.5% | 0.23% | −0.02 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.1% | 0.05% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -31.5% | 0.02% | −0.02 |
| DIS The Walt Disney Co. | Reduce -3.5% | 0.08% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.0% | 0.09% | −0.01 |
| BLDR Builders Firstsource Inc. | Reduce -1.6% | 0.06% | −0.01 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.01 |
| BSX Boston Scientific Corp. | Reduce -6.6% | 0.02% | −0.01 |
| MS Morgan Stanley | Reduce -6.1% | 0.10% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.0% | 1.12% | −0.01 |
| BLK BlackRock Inc. | Reduce -6.5% | 0.07% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| CVX Chevron Corp. | Add +0.2% | 2.17% | +0.63 |
| XLI SS Industrial Select Sector | Add +6.5% | 1.48% | +0.19 |
| NLR Vaneck Urani & Nuclr ETF-Usd | Add +53.4% | 0.38% | +0.16 |
| SCCO Southern Copper Corp. | Add +7.4% | 0.49% | +0.12 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +7.6% | 0.46% | +0.08 |
| VAW Vanguard Materials ETF | Add +15.1% | 0.32% | +0.07 |
| VIS Vanguard Industrials ETF | Add +0.2% | 0.90% | +0.07 |
| XOM Exxon Mobil Corp. | Add +3.0% | 0.19% | +0.06 |
| XLB SS Materials Select Sector | Add +3.7% | 0.37% | +0.06 |
| CW Curtiss-Wright Corp. | Add +1.5% | 0.24% | +0.05 |
| LBRDA Liberty Broadband-A | New | 0.05% | +0.05 |
| GILD Gilead Sciences Inc. | Add +69.8% | 0.10% | +0.05 |
| SMH Vaneck Semiconductor ETF | Add +8.4% | 0.29% | +0.05 |
| LIN Linde PLC | Add +1.0% | 0.23% | +0.04 |
| SDY SS SPDR S&P Dividend ETF | Add +0.1% | 0.45% | +0.04 |
| GLD SPDR Gold Shares | Add +14.2% | 0.15% | +0.03 |
| DE Deere & Co. | Add +2.2% | 0.15% | +0.03 |
| FCX Freeport-McMoran Inc. | Add +14.3% | 0.12% | +0.03 |
| DVY iShares Select Dividend ETF | Add +0.0% | 0.27% | +0.03 |
| VLO Valero Energy Corp. | Add +10.9% | 0.06% | +0.03 |
| LRCX Lam Research Corp. | Add +7.2% | 0.09% | +0.03 |
| MPC Marathon Petroleum Corp. | Add +0.3% | 0.06% | +0.02 |
| VXUS Vanguard Total Intl Stock | Add +99.3% | 0.04% | +0.02 |
| NEM Newmont Corp. | Add +16.8% | 0.09% | +0.02 |
| KO The Coca-Cola Co. | Add +3.6% | 0.14% | +0.02 |
| RTX RTX Corp. | Add +9.3% | 0.12% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.4% | 0.12% | +0.02 |
| FDX FedEx Corp. | Add +0.3% | 0.08% | +0.02 |
| TJX TJX Companies Inc. | Add +24.6% | 0.07% | +0.02 |
| IRM Iron Mountain Inc. | Add +0.0% | 0.07% | +0.02 |
| CB Chubb Ltd. | Add +1.2% | 0.18% | +0.02 |
| ADI Analog Devices Inc. | New | 0.02% | +0.02 |
| SO The Southern Co. | Add +0.3% | 0.11% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.5% | 0.26% | +0.01 |
| TRGP Targa Resources Corp. | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | Add +0.9% | 0.04% | +0.01 |
| CVS CVS Health Corp. | Add +30.1% | 0.07% | +0.01 |
| GD General Dynamics Corp. | Add +0.2% | 0.22% | +0.01 |
| TMUS T-Mobile US Inc. | Add +22.6% | 0.05% | +0.01 |
| PLD Prologis Inc. | Add +6.7% | 0.10% | +0.01 |
| PSX Phillips 66 | Add +10.1% | 0.03% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +47.3% | 0.03% | +0.01 |
| ST Sensata Technologies Holdplc | New | 0.01% | +0.01 |
| DDOG Datadog Inc. Class A | New | 0.01% | +0.01 |
| FTNT Fortinet Inc. | Add +3.0% | 0.11% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +9.3% | 0.05% | +0.01 |
| BA The Boeing Co. | Add +18.4% | 0.08% | +0.01 |
| LITE Lumentum Holdings Inc. | Add +0.7% | 0.02% | +0.01 |
| TER Teradyne Inc. | New | 0.01% | +0.01 |
| SU Suncor Energy Inc. | New | 0.01% | +0.01 |
Notes & Other Activity Q4 2025 → Q1 2026
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -4.0% | 11,116 | $12.8M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -4.4% | 2,330 | $2.8M |
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 |