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

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 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 $3.0B Q1 2026 Q2 2026: $3.4B Q2 2026

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%
CL Colgate-Palmolive Co. 0.14% 50,276 $4.3M Reduce -7.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 9,794 $4.3M Add +0.3%
META Meta Platforms Inc. Class A 0.14% 7,320 $4.2M Add +0.5%
KO The Coca-Cola Co. 0.14% 53,938 $4.1M Add +3.6%
VIG Vanguard Dividend Apprec ETF 0.14% 18,953 $4.1M Reduce -1.6%
NKE Nike Inc. Class B 0.14% 76,964 $4.1M Reduce -5.3%
ACN Accenture PLC Class A 0.13% 19,698 $3.9M Reduce -8.2%
AZO AutoZone Inc. 0.13% 1,112 $3.8M Reduce -1.1%
TSM Taiwan Semiconductor-SP ADR 0.12% 11,049 $3.7M Add +2.4%
RTX RTX Corp. 0.12% 18,578 $3.6M Add +9.3%
FCX Freeport-McMoran Inc. 0.12% 60,569 $3.6M Add +14.3%
CAH Cardinal Health Inc. 0.11% 16,258 $3.4M Reduce -0.9%
FTNT Fortinet Inc. 0.11% 41,857 $3.4M Add +3.0%
WFC Wells Fargo & Co. 0.11% 41,783 $3.3M Add +0.6%
SO The Southern Co. 0.11% 34,328 $3.3M Add +0.3%
XLG Invesco S&P 500 Top 50 ETF 0.11% 59,775 $3.3M No change
FNY First Trust Mid Cap Growth 0.11% 35,798 $3.2M Reduce -5.2%
AXP American Express Co. 0.11% 10,491 $3.2M Add +0.9%
IAT iShares US Regional Banks Et 0.10% 58,452 $3.1M Add +2.4%
MS Morgan Stanley 0.10% 18,858 $3.1M Reduce -6.1%
GILD Gilead Sciences Inc. 0.10% 21,924 $3.1M Add +69.8%
CLX Clorox Company 0.10% 29,324 $3.0M Reduce -11.7%
ORCL Oracle Corp. 0.10% 20,533 $3.0M Reduce -1.6%
UNP Union Pacific Corp. 0.10% 12,408 $3.0M Reduce -1.8%
HON Honeywell International Inc. 0.10% 12,773 $2.9M Reduce -9.1%
PLD Prologis Inc. 0.10% 21,614 $2.9M Add +6.7%
OEF iShares S&P 100 ETF 0.09% 8,935 $2.8M Reduce -1.5%
JCI Johnson Controls Internation 0.09% 21,564 $2.8M Reduce -3.1%
ALL Allstate Corp. 0.09% 13,372 $2.8M Add +0.1%
DGRO iShares Core Dividend Growth 0.09% 38,992 $2.7M No change
ORLY O'reilly Automotive Inc. 0.09% 29,595 $2.7M Reduce -1.1%
LRCX Lam Research Corp. 0.09% 12,723 $2.7M Add +7.2%
PGX Invesco Preferred ETF 0.09% 248,499 $2.7M Reduce -3.4%
IJH iShares Core S&P Midcap ETF 0.09% 39,766 $2.7M Reduce -0.3%
PPL PPL Corp. 0.09% 70,007 $2.7M Reduce -0.9%
NEM Newmont Corp. 0.09% 24,302 $2.6M Add +16.8%
PH Parker Hannifin Corp. 0.09% 2,885 $2.6M Add +2.4%
TMO Thermo Fisher Scientific Inc. 0.09% 5,220 $2.6M Reduce -2.0%
FDX FedEx Corp. 0.08% 7,059 $2.5M Add +0.3%
BA The Boeing Co. 0.08% 12,084 $2.4M Add +18.4%
IWM iShares Russell 2000 ETF 0.08% 9,678 $2.4M Add +6.1%
MMM 3M Co. 0.08% 16,415 $2.4M Reduce -3.6%
UNH Unitedhealth Group Inc. 0.08% 8,606 $2.3M Reduce -2.7%
LMT Lockheed Martin Corp. 0.08% 3,853 $2.3M Reduce -0.2%
IBB iShares Biotechnology ETF 0.08% 13,742 $2.3M Reduce -1.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 23,892 $2.3M Reduce -3.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 9,498 $2.3M Add +1.7%
CDNS Cadence Design SYS Inc. 0.07% 8,013 $2.2M Add +0.4%
PEP Pepsico Inc. 0.07% 14,166 $2.2M Reduce -0.4%
ROP Roper Technologies Inc. 0.07% 6,189 $2.2M Add +0.9%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.07% 21,311 $2.2M Add +0.0%
BLK BlackRock Inc. 0.07% 2,212 $2.1M Reduce -6.5%
ITW Illinois Tool Works 0.07% 8,084 $2.1M Reduce -0.3%
CCI Crown Castle Inc. 0.07% 25,722 $2.1M Reduce -1.7%
BKNG Booking Holdings Inc. 0.07% 482 $2.0M Reduce -2.0%
CVS CVS Health Corp. 0.07% 28,061 $2.0M Add +30.1%
SCHM Schwab US Mid Cap ETF 0.07% 63,459 $2.0M No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 12,291 $2.0M Add +24.6%
WEC WEC Energy Group Inc. 0.06% 16,743 $1.9M Reduce -4.5%
CORT Corcept Therapeutics Inc. 0.06% 47,395 $1.9M No change
MPC Marathon Petroleum Corp. 0.06% 7,664 $1.9M Add +0.3%
WMB Williams Cos Inc. 0.06% 25,468 $1.9M Reduce -1.2%
MAR Marriott International Class A 0.06% 5,594 $1.8M Reduce -12.6%
BLDR Builders Firstsource Inc. 0.06% 22,140 $1.8M Reduce -1.6%
NUE Nucor Corp. 0.06% 10,731 $1.8M Add +3.6%
VLO Valero Energy Corp. 0.06% 7,263 $1.8M Add +10.9%
KR Kroger Co. 0.06% 24,715 $1.8M Reduce -0.1%
QUAL iShares MSCI USA Quality Fac 0.06% 9,254 $1.8M Reduce -1.3%
GE General Electric filed as GE AEROSPACE 0.06% 6,180 $1.8M Add +11.2%
VYM Vanguard High DVD Yield ETF 0.06% 11,416 $1.7M Reduce -8.5%
UPS United Parcel Service Class B 0.06% 17,179 $1.7M Reduce -3.4%
IWF iShares Russell 1000 Growth 0.06% 3,918 $1.7M Reduce -0.3%
OMC Omnicom Group 0.06% 22,084 $1.7M Reduce -62.4%
ACWI iShares MSCI Acwi ETF 0.05% 11,895 $1.6M No change
ADBE Adobe Inc. 0.05% 6,760 $1.6M Reduce -1.5%
LBRDA Liberty Broadband-A 0.05% 31,643 $1.6M New
DLN Wisdomtree US Largecap Divid 0.05% 17,273 $1.5M Add +0.4%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.05% 3,314 $1.5M No change
EMR Emerson Electric Co. 0.05% 11,639 $1.5M Reduce -4.9%
VEA Vanguard Ftse Developed ETF 0.05% 23,736 $1.5M Add +0.1%
TMUS T-Mobile US Inc. 0.05% 7,215 $1.5M Add +22.6%
MKC McCormick & Co.-Non VTG SHRS 0.05% 29,901 $1.5M Reduce -1.1%
MA Mastercard Inc. Class A 0.05% 2,992 $1.5M Add +6.1%
PFE Pfizer Inc. 0.05% 52,827 $1.5M Reduce -7.7%
ELV Elevance Health Inc. 0.05% 4,958 $1.5M Reduce -3.5%
SCHX Schwab US Large-Cap ETF 0.05% 56,237 $1.4M Add +1.3%
IYF iShares US Financials ETF 0.05% 11,892 $1.4M Reduce -2.1%
NVS Novartis AG-Sponsored ADR 0.05% 9,098 $1.4M Reduce -0.7%
UL Unilever PLC-Sponsored ADR 0.05% 24,344 $1.4M No change
BMY Bristol-Myers Squibb Co. 0.05% 22,809 $1.4M Add +9.3%
VOO Vanguard S&P 500 ETF 0.05% 2,281 $1.4M Reduce -10.5%
CRM Salesforce Inc. 0.04% 7,202 $1.3M Reduce -4.5%
GEV GE Vernova Inc. 0.04% 1,523 $1.3M Add +0.9%
DUK Duke Energy Corp. 0.04% 9,982 $1.3M Add +1.1%
RSP Invesco S&P 500 Equal Weight 0.04% 6,724 $1.3M Add +10.1%
MCK McKesson Corp. 0.04% 1,472 $1.3M Add +0.3%
T AT&T Inc. 0.04% 43,715 $1.3M Add +0.7%
XNTK SS SPDR Nyse Tech ETF 0.04% 4,950 $1.3M No change
MDT Medtronic PLC 0.04% 14,579 $1.3M Add +3.5%
IAU iShares Gold Trust 0.04% 14,129 $1.2M Reduce -3.4%
VXUS Vanguard Total Intl Stock 0.04% 15,956 $1.2M Add +99.3%
SHW The Sherwin-Williams Co. 0.04% 3,767 $1.2M Reduce -9.4%
JBL Jabil Inc. 0.04% 4,527 $1.2M No change
WPM Wheaton Precious Metals Corp. 0.04% 9,072 $1.2M Add +6.0%
IOO iShares Global 100 ETF 0.04% 9,737 $1.2M Reduce -3.2%
FNDX Schwab Fndmntl US LRG Co. ETF 0.04% 42,262 $1.2M No change
SCHG Schwab US Large-Cap Growth 0.04% 40,103 $1.2M Reduce -2.7%
J Jacobs Solutions Inc. 0.04% 8,721 $1.1M No change
COP Conocophillips 0.04% 8,040 $1.1M Reduce -2.7%
CMI Cummins Inc. 0.03% 1,874 $1.0M Add +0.3%
ALB Albemarle Corp. 0.03% 5,466 $981K No change
B Barrick Mining Corp. 0.03% 23,221 $947K No change
PSX Phillips 66 0.03% 5,063 $922K Add +10.1%
NFLX Netflix Inc. 0.03% 9,396 $903K Reduce -7.3%
SCHF Schwab Intl Equity ETF 0.03% 36,185 $896K Add +47.3%
ET Energy Transfer LP 0.03% 45,700 $882K Reduce -2.8%
AEP American Electric Power 0.03% 6,697 $878K Add +0.8%
LEN Lennar Corp. Class A 0.03% 9,879 $858K Add +1.3%
IETC iShares U.S. Tech Independen 0.03% 9,636 $852K No change
ONEQ Fidelity Nasdaq Comp Indx 0.03% 9,967 $846K No change
C Citigroup Inc. 0.03% 7,455 $845K Add +0.8%
ISRG Intuitive Surgical Inc. 0.03% 1,819 $839K Add +7.4%
EPD Enterprise Products Partners 0.03% 21,283 $805K Reduce -14.0%
SYY Sysco Corp. 0.03% 10,930 $780K Reduce -0.7%
MU Micron Technology Inc. 0.03% 2,292 $774K Reduce -0.2%
MO Altria Group Inc. 0.03% 11,632 $768K Reduce -8.1%
PM Philip Morris International 0.03% 4,612 $763K Reduce -0.2%
IGV iShares Expanded Tech-Softwa 0.03% 9,374 $750K Reduce -5.5%
IXG iShares Global Financials Et 0.02% 6,510 $742K Add +10.7%
TXN Texas Instruments Inc. 0.02% 3,677 $714K Add +0.1%
USB US Bancorp 0.02% 13,632 $709K Reduce -0.1%
VRSK Verisk Analytics Inc. 0.02% 3,586 $680K No change
CMCSA Comcast Corp. Class A 0.02% 23,382 $671K Add +4.0%
KEYS Keysight Technologies Inc. 0.02% 2,333 $659K Add +1.3%
ZBH Zimmer Biomet Holdings Inc. 0.02% 7,275 $658K Reduce -56.6%
ARM Arm Holdings PLC-ADR 0.02% 4,245 $642K Reduce -21.0%
TGT Target Corp. 0.02% 5,209 $631K Reduce -6.8%
INTC Intel Corp. 0.02% 14,269 $630K Reduce -23.5%
XAR SS SPDR S&P Aerospace Def 0.02% 2,473 $628K No change
SYK Stryker Corp. 0.02% 1,889 $621K Add +1.7%
FTEC Fidelity MSCI Info Tech Indx 0.02% 2,947 $613K Reduce -1.4%
EFA iShares MSCI Eafe ETF 0.02% 6,270 $609K Add +56.0%
BSX Boston Scientific Corp. 0.02% 9,602 $603K Reduce -6.6%
XEL Xcel Energy Inc. 0.02% 7,549 $600K Add +1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 2,069 $594K Reduce -84.8%
A Agilent Technologies Inc. 0.02% 5,164 $589K Reduce -2.0%
APPF Appfolio Inc. Class A 0.02% 3,716 $586K Reduce -81.1%
TEL Te Connectivity PLC 0.02% 2,776 $580K Reduce -12.5%
CI The Cigna Group 0.02% 2,129 $568K Add +4.9%
KMI Kinder Morgan Inc. 0.02% 16,775 $562K Reduce -7.5%
AFL Aflac Inc. 0.02% 5,124 $562K Add +0.6%
PFF iShares Preferred & Income S 0.02% 18,412 $558K Reduce -9.6%
SRE Sempra 0.02% 5,745 $558K Reduce -5.5%
VB Vanguard Most SM-Cap ETF-Usd 0.02% 2,115 $554K Reduce -67.0%
IXN iShares Global Tech ETF 0.02% 5,526 $552K Add +20.0%
FAST Fastenal Co. 0.02% 11,828 $549K Reduce -4.1%
VRTX Vertex Pharmaceuticals Inc. 0.02% 1,213 $542K Add +24.3%
ES Eversource Energy 0.02% 7,742 $536K Reduce -0.1%
GRID First TRST Nasd Class Edg Sgiif 0.02% 3,256 $533K Add +44.8%
BXSL Blackstone Secured Lending F 0.02% 22,000 $521K Add +46.7%
AMD Advanced Micro Devices 0.02% 2,560 $521K Reduce -6.0%
BIIB Biogen Inc. 0.02% 2,803 $514K Add +0.1%
MPWR Monolithic Power Systems Inc. 0.02% 467 $511K Add +2.2%
LITE Lumentum Holdings Inc. 0.02% 725 $510K Add +0.7%
FCOM Fidelity MSCI Comm Serv Indx 0.02% 7,352 $501K Reduce -13.4%
PGR Progressive Corp. 0.02% 2,525 $501K Add +13.1%
XYL Xylem Inc. 0.02% 4,177 $499K Reduce -2.2%
LULU Lululemon Athletica Inc. 0.02% 3,255 $498K Reduce -31.5%
GSLC Goldman Activebeta US LC ETF 0.02% 3,980 $498K Add +1.9%
HUBB Hubbell Inc. 0.02% 1,000 $491K No change
CIEN Ciena Corp. 0.02% 1,256 $488K Add +0.8%
NOW ServiceNow Inc. 0.02% 4,648 $486K Reduce -1.0%
DLR Digital Realty Trust Inc. 0.02% 2,690 $485K Reduce -10.0%
STX Seagate Technology Holdings 0.02% 1,233 $483K No change
COF Capital One Financial Corp. 0.02% 2,634 $481K Add +0.6%
SHEL Shell PLC-ADR 0.02% 5,126 $477K No change
CRWD CrowdStrike Holdings Inc. Class A 0.02% 1,217 $475K Add +27.7%
APH Amphenol Corp. Class A 0.02% 3,658 $462K Add +9.4%
NSC Norfolk Southern Corp. 0.02% 1,587 $455K Add +0.6%
ADI Analog Devices Inc. 0.02% 1,421 $452K New
XBI SS SPDR S&P Biotech ETF 0.02% 3,533 $451K Add +88.5%
IXJ iShares Global Healthcare Et 0.01% 4,790 $448K No change
MASI Masimo Corp. 0.01% 2,515 $447K No change
NRG NRG Energy Inc. 0.01% 3,044 $445K Reduce -7.8%
IJR iShares Core S&P Small-Cap E 0.01% 3,578 $445K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 9,088 $445K Add +17.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 3,709 $440K Add +11.2%
CARR Carrier Global Corp. 0.01% 7,712 $434K Reduce -3.1%
IVE iShares S&P 500 Value ETF 0.01% 2,000 $422K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 2,139 $420K Add +72.2%
ADM Archer-Daniels-Midland Co. 0.01% 5,680 $413K Add +3.4%
TEAM Atlassian Corp. Class A 0.01% 6,022 $411K No change
PRF Invesco Rafi US 1000 ETF 0.01% 8,565 $407K No change
PNC PNC Financial Services Group 0.01% 1,955 $407K Add +11.1%
IHI iShares U.S. Medical Devices 0.01% 7,566 $404K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.01% 4,100 $401K Add +109.5%
SGOL Abrdn Physical Gold Shares 0.01% 8,850 $395K No change
KKR KKR & Co. Inc. 0.01% 4,267 $395K Add +0.8%
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.01% 7,457 $394K No change
DON Wisdomtree US Midcap Dividen 0.01% 7,475 $393K Add +0.1%
PANW Palo Alto Networks Inc. 0.01% 2,444 $392K Reduce -0.3%
TRGP Targa Resources Corp. 0.01% 1,554 $390K New
COIN Coinbase Global Inc. Class A 0.01% 2,226 $389K Add +5.4%
EQT Eqt Corp. 0.01% 6,036 $384K Add +6.3%
ENB Enbridge Inc. 0.01% 7,022 $380K No change
DKS Dick's Sporting Goods Inc. 0.01% 1,912 $379K No change
HSY The Hershey Co. 0.01% 1,794 $373K Add +41.1%
CRCL Circle Internet Group Inc. 0.01% 3,890 $371K Add +17.2%
INTU Intuit Inc. 0.01% 852 $368K Reduce -3.4%
BWXT BWX Technologies Inc. 0.01% 1,787 $365K No change
ERTH Invesco MSCI Sustainable Fut 0.01% 7,652 $363K Add +0.0%
IWB iShares Russell 1000 ETF 0.01% 1,012 $361K No change
VGK Vanguard Ftse Europe ETF 0.01% 4,363 $360K No change
IJK iShares S&P Mid-Cap 400 Grow 0.01% 3,550 $357K No change
MDLZ Mondelez International Inc. Class A 0.01% 6,109 $352K Add +52.3%
WDC Western Digital Corp. 0.01% 1,300 $352K Reduce -14.4%
KRE SS SPDR S&P Regional Bank 0.01% 5,345 $348K Add +39.5%
NOC Northrop Grumman Corp. 0.01% 510 $348K Add +10.4%
UBER Uber Technologies Inc. 0.01% 4,822 $347K Add +9.5%
FNDA Schwab Fndmntl US SM Co. ETF 0.01% 10,661 $346K No change
IBIT iShares Bitcoin Trust ETF 0.01% 8,948 $344K Add +8.7%
PSA Public Storage 0.01% 1,263 $342K Reduce -4.5%
MNDY Monday.com Ltd. 0.01% 4,937 $341K No change
AEM Agnico Eagle Mines Ltd. 0.01% 1,677 $340K No change
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.01% 257 $339K Add +4.5%
ED Consolidated Edison Inc. 0.01% 2,975 $337K Add +0.8%
OKE Oneok Inc. 0.01% 3,662 $331K Add +1.8%
HACK Amplify Cybersecurity ETF 0.01% 4,392 $330K Add +1.2%
CTRA Coterra Energy Inc. 0.01% 9,367 $329K Add +1.5%
EVRG Evergy Inc. 0.01% 4,003 $328K Reduce -7.4%
WELL Welltower Inc. 0.01% 1,648 $326K Reduce -1.8%
FSLR First Solar Inc. 0.01% 1,641 $324K Reduce -29.9%
ST Sensata Technologies Holdplc 0.01% 8,992 $317K New
IYJ iShares U.S. Industrials ETF 0.01% 2,135 $315K No change
OXY Occidental Petroleum Corp. 0.01% 4,830 $314K Reduce -6.9%
DDOG Datadog Inc. Class A 0.01% 2,652 $313K New
AZN Astrazeneca PLC 0.01% 1,577 $311K No change
IYT iShares US Transportation Et 0.01% 4,131 $308K No change
SCHK Schwab 1000 Index ETF 0.01% 9,712 $304K No change
ESS Essex Property Trust Inc. 0.01% 1,245 $301K No change
TTE Totalenergies SE 0.01% 3,294 $300K No change
PPH Vaneck Pharmaceutical ETF 0.01% 2,873 $298K No change
CHAT Roundhill Gen AI & Tech ETF 0.01% 4,797 $297K Add +1.9%
GM General Motors Co. 0.01% 3,923 $292K Add +12.1%
CSX CSX Corp. 0.01% 7,109 $292K Add +1.4%
IHF iShares U.S. Healthcare Prov 0.01% 6,957 $291K No change
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,337 $290K Add +16.8%
KXI iShares Global Consumer Stap 0.01% 4,266 $286K Add +2.9%
USMV iShares MSCI USA Min Vol Fac 0.01% 3,020 $280K No change
BP BP PLC-Spons ADR 0.01% 5,957 $280K No change
SNPS Synopsys Inc. 0.01% 700 $278K No change
CME Cme Group Inc. 0.01% 936 $276K Add +8.5%
SCHV Schwab US Large-Cap Value 0.01% 8,928 $272K Add +17.4%
FRT Federal Realty Invs Trust 0.01% 2,473 $263K Reduce -7.5%
IEV iShares Europe ETF 0.01% 3,865 $263K No change
SPLV Invesco S&P 500 Low Volatili 0.01% 3,537 $259K No change
RY Royal Bank of Canada 0.01% 1,589 $257K No change
TER Teradyne Inc. 0.01% 828 $245K New
SU Suncor Energy Inc. 0.01% 3,688 $244K New
BMRC Bank of Marin Bancorp 0.01% 9,240 $237K No change
PHO Invesco Water Resources ETF 0.01% 3,518 $235K No change
FNCL Fidelity MSCI Financial Indx 0.01% 3,330 $234K Reduce -12.1%
STT State Street Corp. 0.01% 1,842 $233K Add +3.1%
PLTR Palantir Technologies Inc. Class A 0.01% 1,594 $233K Add +35.3%
DOV Dover Corp. 0.01% 1,115 $232K Reduce -29.6%
AMP Ameriprise Financial Inc. 0.01% 513 $228K Add +2.0%
SHOP Shopify Inc. Class A 0.01% 1,911 $227K Reduce -5.0%
TD Toronto-Dominion Bank 0.01% 2,424 $226K Reduce -13.2%
IYH iShares U.S. Healthcare ETF 0.01% 3,650 $225K No change
TM Toyota Motor Corp. -Spon ADR 0.01% 1,089 $224K Reduce -8.9%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 609 $224K No change
F Ford Motor Co. filed as FORD MTR CO 0.01% 19,027 $220K Add +14.0%
PAYX Paychex Inc. 0.01% 2,380 $219K Reduce -4.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 725 $219K New
BDX Becton Dickinson and Co. 0.01% 1,391 $219K Add +6.7%
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 1,649 $218K New
ROK Rockwell Automation Inc. 0.01% 608 $218K Add +17.6%
BEP Brookfield Renewable Partner 0.01% 6,649 $217K New
AMT American Tower Corp. 0.01% 1,251 $216K Reduce -34.0%
PXH Inves Rafi Emer MRKT-Usd Inc. 0.01% 8,000 $215K No change
IDXX Idexx Laboratories Inc. 0.01% 381 $214K Add +1.1%
FHLC Fidelity MSCI Health Care 0.01% 3,001 $211K Reduce -6.1%
AON Aon PLC Class A 0.01% 651 $210K Add +6.2%
ANET Arista Networks Inc. 0.01% 1,706 $209K Reduce -0.4%
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.01% 2,184 $207K New
PCAR Paccar Inc. 0.01% 1,774 $205K New
COR Cencora Inc. 0.01% 651 $205K Add +1.4%
AWK American Water Works Co. Inc. 0.01% 1,500 $204K New
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.01% 2,055 $202K Reduce -7.0%
CX Cemex Sab-Spons ADR Part Cer 0.00% 10,067 $115K No change
GGB Gerdau SA -Spon ADR 0.00% 14,576 $53K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $15.6M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 11,116$12.8MReduce -4.0%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,330$2.8MReduce -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

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