KCM Investment Advisors LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), KCM Investment Advisors LLC reported 398 stock positions worth $3.4 billion. Its top holding was SS Technology Select Sector (XLK) at 7.7% of the portfolio, followed by Apple (AAPL, 7.2%) and Microsoft (MSFT, 3.3%). Compared with Q1 2026, it opened 26 new positions, sold out of 21, added to 105 and reduced 201. The biggest buy was SS Technology Select Sector (XLK, shares +1%) and the biggest sale Costco Wholesale (COST, shares −1%).

Most Recent 13F
Q2 2026
Location
GREENBRAE, CA
CIK
0001109228
Portfolio Value
$3.4B (Q2 2026)
SEC Filing
0001941040-26-000602 ↗ filed Aug 14, 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 Q1 2026 Q2 2026: $3.4B $3.4B Q2 2026

Holdings 398 stocks · $3.4B

XLK SS Technology Select Sector 7.71% 1,355,853 $258.3M Add +0.5%
AAPL Apple Inc. 7.17% 830,626 $240.3M Reduce -1.1%
MSFT Microsoft Corp. 3.25% 292,283 $109.0M Add +1.0%
COST Costco Wholesale Corp. 3.11% 111,264 $104.1M Reduce -1.0%
GOOGL Alphabet Inc. Class A 2.86% 267,785 $95.7M Reduce -0.9%
AMZN Amazon.com Inc. 2.35% 330,195 $78.7M Add +0.3%
NVDA Nvidia Corp. 2.23% 372,859 $74.6M Add +0.8%
JPM JPMorgan Chase & Co. 2.22% 227,545 $74.5M Add +1.2%
VGT Vanguard Info Tech ETF 2.20% 617,483 $73.8M Add +1.0%
WMT Walmart Inc. 1.88% 556,905 $63.1M Reduce -0.1%
XLY SS Consumer Disc Select Sect 1.84% 526,859 $61.8M Add +6.2%
XLV SS Health Care Select Sector 1.65% 349,376 $55.4M Add +7.0%
XLC SS Comm Select Sector SPDR 1.62% 505,901 $54.2M Add +1.6%
CAT Caterpillar Inc. 1.58% 49,787 $53.0M Add +1.0%
CVX Chevron Corp. 1.54% 312,016 $51.7M Reduce -0.8%
V Visa Inc. Class A 1.54% 150,051 $51.5M Reduce -0.9%
GOOG Alphabet Inc. Class C 1.52% 144,364 $51.0M Reduce -1.0%
XLI SS Industrial Select Sector 1.46% 263,844 $48.9M Reduce -3.6%
HD Home Depot Inc. 1.42% 135,391 $47.7M Reduce -0.9%
JNJ Johnson & Johnson 1.42% 187,862 $47.7M Add +0.8%
XLF SS Financial Select Sector 1.39% 868,463 $46.6M Add +1.0%
VOX Vanguard Communication Servi 1.39% 252,428 $46.4M Add +1.8%
TT Trane Technologies PLC 1.38% 94,156 $46.2M Reduce -0.5%
KLAC KLA Corp. 1.28% 142,507 $43.0M Reduce -4.0%
QQQ Invesco QQQ Trust Series 1 1.28% 58,141 $42.8M Reduce -1.7%
WM Waste Management Inc. 1.21% 182,200 $40.6M Reduce -1.6%
VTI VG Morningstar TS MKT ETF-US 1.14% 102,977 $38.1M Reduce -1.3%
VCR Vanguard Consumer Discre ETF 1.06% 89,699 $35.6M Add +3.7%
XLP SS Consumer Staples Sel Sect 1.05% 424,290 $35.2M Add +4.0%
XLE SS Energy Select Sector 1.02% 645,182 $34.3M Reduce -0.2%
ADP Automatic Data Processing 0.95% 142,303 $31.9M Reduce -3.1%
AMGN Amgen Inc. 0.95% 87,850 $31.8M Add +0.7%
VIS Vanguard Industrials ETF 0.93% 86,620 $31.2M Reduce -0.3%
AMAT Applied Materials Inc. 0.93% 42,903 $31.0M Reduce -1.5%
NEE Nextera Energy Inc. 0.92% 349,649 $30.7M Reduce -1.1%
LLY Eli Lilly & Co. 0.88% 24,625 $29.5M Add +1.7%
VRT Vertiv Holdings Co. Class A 0.85% 84,860 $28.4M Reduce -0.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.84% 37,737 $28.2M Add +1.2%
VFH Vanguard Financials ETF 0.79% 200,509 $26.4M Add +3.6%
PG The Procter & Gamble Co. 0.75% 170,753 $25.0M Reduce -2.6%
BX Blackstone Inc. 0.72% 205,546 $24.2M Reduce -1.8%
AVGO Broadcom Inc. 0.69% 61,642 $23.3M Reduce -0.7%
CSL Carlisle Cos Inc. 0.62% 57,619 $20.9M Reduce -1.3%
SOXX iShares Semiconductor ETF 0.61% 31,825 $20.4M Reduce -11.3%
ABBV Abbvie Inc. 0.57% 76,198 $19.2M Reduce -0.8%
ECL Ecolab Inc. 0.56% 67,740 $18.9M Reduce -0.3%
BAC Bank of America Corp. 0.53% 314,395 $17.9M Reduce -1.8%
VHT Vanguard Health Care ETF 0.51% 57,047 $17.1M Add +6.4%
MCD McDonald's Corp. 0.49% 60,362 $16.3M Reduce -20.4%
SMH Vaneck Semiconductor ETF 0.48% 24,728 $16.2M Add +10.1%
SCCO Southern Copper Corp. 0.46% 89,316 $15.6M Add +3.8%
BRK.B Berkshire Hathaway Inc. Class B 0.44% 29,758 $14.9M Add +2.2%
SDY SS SPDR S&P Dividend ETF 0.42% 92,479 $14.1M Reduce -0.2%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.41% 299,863 $13.6M Add +0.1%
VDC Vanguard Consumer Staple ETF 0.39% 57,921 $13.1M Add +0.5%
DHR Danaher Corp. 0.36% 63,047 $12.0M Reduce -3.4%
APD Air Products & Chemicals Inc. 0.34% 39,421 $11.6M Reduce -1.2%
XLB SS Materials Select Sector 0.34% 226,020 $11.5M Add +1.0%
O Realty Income Corp. 0.34% 184,991 $11.5M Reduce -1.1%
GLW Corning Inc. 0.34% 44,786 $11.4M Reduce -3.1%
CSCO Cisco Systems Inc. 0.34% 97,064 $11.4M Reduce -2.3%
NLR Vaneck Urani & Nuclr ETF-Usd 0.32% 93,878 $10.9M Add +9.2%
SBUX Starbucks Corp. 0.30% 97,016 $9.9M Reduce -0.8%
MDY State Street SPDR S&P Midcap 0.29% 13,972 $9.8M Reduce -0.3%
VZ Verizon Communications Inc. 0.29% 228,546 $9.7M Reduce -1.3%
VAW Vanguard Materials ETF 0.27% 38,862 $8.9M Reduce -8.5%
IVV iShares Core S&P 500 ETF 0.26% 11,839 $8.9M Add +0.7%
SCHW Schwab (charles) Corp. 0.26% 93,216 $8.6M Reduce -0.1%
DVY iShares Select Dividend ETF 0.25% 52,670 $8.2M Reduce -0.3%
VNQ Vanguard Real Estate ETF 0.24% 84,422 $8.1M Add +0.2%
LH Labcorp Holdings Inc. 0.24% 29,024 $8.1M Reduce -1.9%
CW Curtiss-Wright Corp. 0.24% 10,704 $8.1M Add +2.5%
LOW Lowe's Cos Inc. 0.23% 34,869 $7.7M Reduce -5.8%
KMB Kimberly-Clark Corp. 0.22% 68,619 $7.5M Reduce -5.0%
ETN Eaton Corp. PLC 0.22% 17,292 $7.4M Add +0.1%
LHX L3HARRIS Technologies Inc. 0.22% 25,120 $7.3M Reduce -0.6%
LIN Linde PLC 0.22% 13,903 $7.2M Reduce -1.6%
VDE Vanguard Energy ETF 0.21% 47,440 $7.1M Reduce -4.7%
ABT Abbott Laboratories 0.21% 76,858 $7.0M Reduce -40.4%
VPU Vanguard Utilities ETF 0.21% 35,355 $6.9M Reduce -0.8%
GD General Dynamics Corp. 0.21% 19,490 $6.9M Reduce -0.8%
MRK Merck & Co. Inc. 0.20% 53,356 $6.9M Reduce -0.6%
SCHB Schwab US Broad Market ETF 0.20% 231,547 $6.7M Reduce -0.8%
GS Goldman Sachs Group Inc. 0.20% 6,609 $6.7M Add +0.9%
ROST Ross Stores Inc. 0.19% 30,605 $6.5M Reduce -1.1%
FTNT Fortinet Inc. 0.19% 41,666 $6.4M Reduce -0.5%
XLRE SS Real Estate Select Sector 0.19% 143,158 $6.3M Add +7.4%
QCOM Qualcomm Inc. 0.18% 33,159 $6.1M Reduce -3.3%
TSLA Tesla Inc. 0.17% 13,947 $5.9M Reduce -1.7%
LRCX Lam Research Corp. 0.17% 13,487 $5.8M Add +6.0%
CB Chubb Ltd. 0.17% 16,554 $5.6M Reduce -0.9%
TSM Taiwan Semiconductor-SP ADR 0.16% 11,200 $5.3M Add +1.4%
PEG Public Service Enterprise GP 0.16% 65,501 $5.3M Reduce -0.7%
FDIS Fidelity MSCI Cons Discr Ind 0.16% 50,674 $5.2M No change
SCHD Schwab US DVD Equity ETF 0.16% 163,934 $5.2M Add +0.1%
TRV The Travelers Cos Inc. 0.15% 15,446 $5.1M Reduce -5.4%
DE Deere & Co. 0.15% 7,969 $5.1M Reduce -0.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.14% 53,463 $4.6M Reduce -9.0%
VIG Vanguard Dividend Apprec ETF 0.13% 18,842 $4.5M Reduce -0.6%
CTAS Cintas Corp. 0.13% 26,027 $4.4M Reduce -2.7%
GPC Genuine Parts Co. 0.13% 37,014 $4.4M Reduce -19.6%
CL Colgate-Palmolive Co. 0.13% 47,153 $4.3M Reduce -6.2%
KO The Coca-Cola Co. 0.13% 52,058 $4.2M Reduce -3.5%
FCX Freeport-McMoran Inc. 0.12% 62,702 $3.9M Add +3.5%
MS Morgan Stanley 0.12% 18,605 $3.9M Reduce -1.3%
FENY Fidelity MSCI Energy Index 0.12% 131,281 $3.9M Reduce -0.5%
ORCL Oracle Corp. 0.12% 26,471 $3.9M Add +28.9%
META Meta Platforms Inc. Class A 0.12% 6,848 $3.9M Reduce -6.5%
CAH Cardinal Health Inc. 0.11% 15,929 $3.8M Reduce -2.0%
GLD SPDR Gold Shares 0.11% 10,262 $3.8M Reduce -1.7%
SPGI S&P Global Inc. 0.11% 9,221 $3.8M Reduce -8.8%
FNY First Trust Mid Cap Growth 0.11% 33,223 $3.7M Reduce -7.2%
CORT Corcept Therapeutics Inc. 0.11% 41,238 $3.6M Reduce -13.0%
IAT iShares US Regional Banks Et 0.11% 57,254 $3.6M Reduce -2.0%
AZO AutoZone Inc. 0.11% 1,111 $3.6M Reduce -0.1%
RTX RTX Corp. 0.11% 18,653 $3.5M Add +0.4%
AXP American Express Co. 0.10% 10,402 $3.5M Reduce -0.8%
CVS CVS Health Corp. 0.10% 33,595 $3.5M Add +19.7%
XLG Invesco S&P 500 Top 50 ETF 0.10% 54,775 $3.4M Reduce -8.4%
SO The Southern Co. 0.10% 34,788 $3.3M Add +1.3%
UNP Union Pacific Corp. 0.10% 12,152 $3.3M Reduce -2.1%
UNH Unitedhealth Group Inc. 0.10% 7,896 $3.3M Reduce -8.3%
OEF iShares S&P 100 ETF 0.10% 8,919 $3.3M Reduce -0.2%
ALL Allstate Corp. 0.09% 13,236 $3.1M Reduce -1.0%
JCI Johnson Controls Internation 0.09% 20,995 $3.1M Reduce -2.6%
IJH iShares Core S&P Midcap ETF 0.09% 38,995 $3.0M Reduce -1.9%
WFC Wells Fargo & Co. 0.09% 35,531 $2.9M Reduce -15.0%
PLD Prologis Inc. 0.09% 21,462 $2.9M Reduce -0.7%
IWM iShares Russell 2000 ETF 0.09% 9,477 $2.8M Reduce -2.1%
NKE Nike Inc. Class B 0.08% 69,184 $2.8M Reduce -10.1%
GILD Gilead Sciences Inc. 0.08% 21,638 $2.7M Reduce -1.3%
PH Parker Hannifin Corp. 0.08% 2,793 $2.7M Reduce -3.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 9,711 $2.7M Add +2.2%
DGRO iShares Core Dividend Growth 0.08% 35,992 $2.7M Reduce -7.7%
BA The Boeing Co. 0.08% 12,513 $2.7M Add +3.5%
MU Micron Technology Inc. 0.08% 2,332 $2.7M Add +1.8%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.08% 21,311 $2.7M No change
GE General Electric filed as GE AEROSPACE 0.08% 7,089 $2.6M Add +14.7%
CDNS Cadence Design SYS Inc. 0.08% 7,050 $2.6M Reduce -12.0%
PGX Invesco Preferred ETF 0.08% 242,182 $2.6M Reduce -2.5%
MMM 3M Co. 0.08% 16,193 $2.6M Reduce -1.4%
IBB iShares Biotechnology ETF 0.08% 13,640 $2.6M Reduce -0.7%
CLX Clorox Company 0.08% 27,034 $2.6M Reduce -7.8%
TMO Thermo Fisher Scientific Inc. 0.08% 5,125 $2.6M Reduce -1.8%
PPL PPL Corp. 0.07% 69,092 $2.5M Reduce -1.3%
INTC Intel Corp. 0.07% 17,724 $2.5M Add +24.2%
NEM Newmont Corp. 0.07% 26,436 $2.5M Add +8.8%
SCHM Schwab US Mid Cap ETF 0.07% 63,459 $2.3M No change
NUE Nucor Corp. 0.07% 10,217 $2.3M Reduce -4.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 23,635 $2.3M Reduce -1.1%
ORLY O'reilly Automotive Inc. 0.07% 24,174 $2.2M Reduce -18.3%
BKNG Booking Holdings Inc. 0.07% 12,411 $2.2M Add +3.0%
ACN Accenture PLC Class A 0.07% 17,683 $2.2M Reduce -10.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 14,168 $2.1M Add +15.3%
SCHX Schwab US Large-Cap ETF 0.06% 71,754 $2.1M Add +27.6%
BLK BlackRock Inc. 0.06% 2,160 $2.1M Reduce -2.4%
FDX FedEx Corp. 0.06% 6,629 $2.1M Reduce -6.1%
MAR Marriott International Class A 0.06% 5,553 $2.1M Reduce -0.7%
ITW Illinois Tool Works 0.06% 7,541 $2.0M Reduce -6.7%
XBI SS SPDR S&P Biotech ETF 0.06% 12,879 $2.0M Add +264.5%
CCI Crown Castle Inc. 0.06% 26,872 $2.0M Add +4.5%
WEC WEC Energy Group Inc. 0.06% 16,627 $1.9M Reduce -0.7%
XNTK SS SPDR Nyse Tech ETF 0.06% 4,950 $1.9M No change
MPC Marathon Petroleum Corp. 0.06% 7,448 $1.9M Reduce -2.8%
PEP Pepsico Inc. 0.06% 14,026 $1.9M Reduce -1.0%
LMT Lockheed Martin Corp. 0.06% 3,726 $1.9M Reduce -3.3%
WMB Williams Cos Inc. 0.06% 25,329 $1.9M Reduce -0.6%
ACWI iShares MSCI Acwi ETF 0.06% 11,895 $1.9M No change
ROP Roper Technologies Inc. 0.06% 5,484 $1.9M Reduce -11.4%
ELV Elevance Health Inc. 0.05% 4,752 $1.8M Reduce -4.2%
QUAL iShares MSCI USA Quality Fac 0.05% 8,354 $1.8M Reduce -9.7%
GEV GE Vernova Inc. 0.05% 1,551 $1.8M Add +1.8%
UPS United Parcel Service Class B 0.05% 16,846 $1.8M Reduce -1.9%
VYM Vanguard High DVD Yield ETF 0.05% 11,379 $1.8M Reduce -0.3%
VLO Valero Energy Corp. 0.05% 6,764 $1.8M Reduce -6.9%
VOO Vanguard S&P 500 ETF 0.05% 2,551 $1.8M Add +11.8%
IWF iShares Russell 1000 Growth 0.05% 14,092 $1.7M Reduce -10.1%
JBL Jabil Inc. 0.05% 4,527 $1.7M No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.05% 3,314 $1.7M No change
DLN Wisdomtree US Largecap Divid 0.05% 17,356 $1.7M Add +0.5%
EMR Emerson Electric Co. 0.05% 11,560 $1.7M Reduce -0.7%
VXUS Vanguard Total Intl Stock 0.05% 19,175 $1.6M Add +20.2%
OMC Omnicom Group 0.05% 21,797 $1.6M Reduce -1.3%
AMD Advanced Micro Devices 0.05% 2,609 $1.5M Add +1.9%
MA Mastercard Inc. Class A 0.04% 2,918 $1.5M Reduce -2.5%
VEA Vanguard Ftse Developed ETF 0.04% 20,973 $1.5M Reduce -11.6%
ARM Arm Holdings PLC-ADR 0.04% 4,145 $1.5M Reduce -2.4%
UL Unilever PLC-Sponsored ADR 0.04% 24,344 $1.5M No change
MKC McCormick & Co.-Non VTG SHRS 0.04% 28,857 $1.5M Reduce -3.5%
SCHG Schwab US Large-Cap Growth 0.04% 42,724 $1.4M Add +6.5%
IYF iShares US Financials ETF 0.04% 11,231 $1.4M Reduce -5.6%
NVS Novartis AG-Sponsored ADR 0.04% 9,075 $1.4M Reduce -0.3%
RSP Invesco S&P 500 Equal Weight 0.04% 6,669 $1.4M Reduce -0.8%
HON Honeywell International Inc. 0.04% 6,326 $1.4M Reduce -0.9%
HONA Honeywell Aerospace Inc. 0.04% 6,267 $1.4M Reduce -1.9%
TMUS T-Mobile US Inc. 0.04% 7,949 $1.3M Add +10.2%
KR Kroger Co. 0.04% 24,000 $1.3M Reduce -2.9%
FNDX Schwab Fndmntl US LRG Co. ETF 0.04% 42,652 $1.3M Add +0.9%
IOO iShares Global 100 ETF 0.04% 9,709 $1.3M Reduce -0.3%
BMY Bristol-Myers Squibb Co. 0.04% 22,865 $1.3M Add +0.3%
IGV iShares Expanded Tech-Softwa 0.04% 14,485 $1.3M Add +54.5%
VRTX Vertex Pharmaceuticals Inc. 0.04% 2,492 $1.2M Add +105.4%
CMI Cummins Inc. 0.04% 1,732 $1.2M Reduce -7.6%
SHW The Sherwin-Williams Co. 0.04% 3,575 $1.2M Reduce -5.1%
DUK Duke Energy Corp. 0.04% 9,611 $1.2M Reduce -3.7%
STX Seagate Technology Holdings 0.04% 1,240 $1.2M Add +0.6%
PFE Pfizer Inc. 0.04% 49,669 $1.2M Reduce -6.0%
IXG iShares Global Financials Et 0.04% 9,526 $1.2M Add +46.3%
MCK McKesson Corp. 0.04% 1,558 $1.2M Add +5.8%
IEFA iShares Core MSCI Eafe ETF 0.03% 11,951 $1.2M New
MDT Medtronic PLC 0.03% 14,031 $1.1M Reduce -3.8%
CRM Salesforce Inc. 0.03% 6,957 $1.1M Reduce -3.4%
TXN Texas Instruments Inc. 0.03% 3,652 $1.1M Reduce -0.7%
J Jacobs Solutions Inc. 0.03% 8,596 $1.1M Reduce -1.4%
IAU iShares Gold Trust 0.03% 14,129 $1.1M No change
IETC iShares U.S. Tech Independen 0.03% 9,636 $1.0M No change
SCHF Schwab Intl Equity ETF 0.03% 37,192 $1.0M Add +2.8%
ONEQ Fidelity Nasdaq Comp Indx 0.03% 9,967 $1.0M No change
C Citigroup Inc. 0.03% 7,338 $1.0M Reduce -1.6%
WPM Wheaton Precious Metals Corp. 0.03% 9,045 $1.0M Reduce -0.3%
WDC Western Digital Corp. 0.03% 1,583 $1.0M Add +21.8%
ECHO Echostar Corp. Class A 0.03% 9,575 $972K New
CRWD CrowdStrike Holdings Inc. Class A 0.03% 1,208 $922K Reduce -0.7%
T AT&T Inc. 0.03% 43,654 $904K Reduce -0.1%
SYY Sysco Corp. 0.03% 10,753 $899K Reduce -1.6%
LEN Lennar Corp. Class A 0.03% 9,660 $874K Reduce -2.2%
ET Energy Transfer LP 0.03% 45,700 $874K No change
AEP American Electric Power 0.03% 6,308 $863K Reduce -5.8%
XAR SS SPDR S&P Aerospace Def 0.03% 3,034 $861K Add +22.7%
B Barrick Mining Corp. 0.03% 23,221 $853K No change
FTEC Fidelity MSCI Info Tech Indx 0.03% 2,947 $842K No change
DDOG Datadog Inc. Class A 0.02% 3,197 $832K Add +20.6%
PSX Phillips 66 0.02% 4,918 $831K Reduce -2.9%
KEYS Keysight Technologies Inc. 0.02% 2,356 $825K Add +1.0%
COP Conocophillips 0.02% 7,919 $823K Reduce -1.5%
PM Philip Morris International 0.02% 4,528 $819K Reduce -1.8%
MO Altria Group Inc. 0.02% 11,263 $810K Reduce -3.2%
PANW Palo Alto Networks Inc. 0.02% 2,350 $801K Reduce -3.9%
CARR Carrier Global Corp. 0.02% 10,917 $801K Add +41.6%
IXN iShares Global Tech ETF 0.02% 5,526 $798K No change
EPD Enterprise Products Partners 0.02% 21,326 $784K Add +0.2%
ALB Albemarle Corp. 0.02% 5,466 $738K No change
USB US Bancorp 0.02% 12,179 $736K Reduce -10.7%
EFA iShares MSCI Eafe ETF 0.02% 7,078 $735K Add +12.9%
NFLX Netflix Inc. 0.02% 10,081 $720K Add +7.3%
ISRG Intuitive Surgical Inc. 0.02% 1,786 $710K Reduce -1.8%
A Agilent Technologies Inc. 0.02% 5,183 $688K Add +0.4%
BXSL Blackstone Secured Lending F 0.02% 29,000 $688K Add +31.8%
GRID First TRST Nasd Class Edg Sgiif 0.02% 3,551 $681K Add +9.1%
VB Vanguard Most SM-Cap ETF-Usd 0.02% 2,185 $662K Add +3.3%
ST Sensata Technologies Holdplc 0.02% 13,742 $656K Add +52.8%
APH Amphenol Corp. Class A 0.02% 3,696 $652K Add +1.0%
MPWR Monolithic Power Systems Inc. 0.02% 468 $647K Add +0.2%
LITE Lumentum Holdings Inc. 0.02% 743 $638K Add +2.5%
SPG Simon Property Group Inc. 0.02% 2,846 $637K New
CIEN Ciena Corp. 0.02% 1,289 $632K Add +2.6%
TGT Target Corp. 0.02% 4,829 $631K Reduce -7.3%
VRSK Verisk Analytics Inc. 0.02% 3,386 $608K Reduce -5.6%
BIIB Biogen Inc. 0.02% 2,799 $605K Reduce -0.1%
PGR Progressive Corp. 0.02% 2,744 $599K Add +8.7%
AFL Aflac Inc. 0.02% 5,111 $599K Reduce -0.3%
APPF Appfolio Inc. Class A 0.02% 3,716 $596K No change
XEL Xcel Energy Inc. 0.02% 7,409 $595K Reduce -1.9%
ADBE Adobe Inc. 0.02% 2,782 $570K Reduce -58.9%
ADI Analog Devices Inc. 0.02% 1,435 $570K Add +1.0%
FAST Fastenal Co. 0.02% 11,828 $568K No change
PFF iShares Preferred & Income S 0.02% 18,441 $562K Add +0.2%
CI The Cigna Group 0.02% 2,033 $560K Reduce -4.5%
ES Eversource Energy 0.02% 7,713 $557K Reduce -0.4%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.02% 277 $551K Add +7.8%
BNY Bank of New York Mellon Corp. 0.02% 3,702 $535K Reduce -0.2%
SYK Stryker Corp. 0.02% 1,676 $528K Reduce -11.3%
COF Capital One Financial Corp. 0.02% 2,608 $523K Reduce -1.0%
HUBB Hubbell Inc. 0.02% 1,000 $523K No change
SRE Sempra 0.02% 5,642 $523K Reduce -1.8%
IJR iShares Core S&P Small-Cap E 0.02% 3,500 $519K Reduce -2.2%
TEL Te Connectivity PLC 0.02% 2,566 $517K Reduce -7.6%
FCOM Fidelity MSCI Comm Serv Indx 0.02% 7,352 $511K No change
KMI Kinder Morgan Inc. 0.02% 15,800 $505K Reduce -5.8%
CHAT Roundhill Gen AI & Tech ETF 0.01% 5,097 $503K Add +6.3%
FDXF FedEx Freight Holding Co. 0.01% 3,309 $500K Reduce -6.3%
NSC Norfolk Southern Corp. 0.01% 1,569 $494K Reduce -1.1%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 9,184 $485K Add +1.1%
PNC PNC Financial Services Group 0.01% 1,953 $481K Reduce -0.1%
DLR Digital Realty Trust Inc. 0.01% 2,657 $477K Reduce -1.2%
IXJ iShares Global Healthcare Et 0.01% 4,790 $471K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 2,139 $466K No change
NOW ServiceNow Inc. 0.01% 4,677 $464K Add +0.6%
PRF Invesco Rafi US 1000 ETF 0.01% 8,565 $463K No change
HACK Amplify Cybersecurity ETF 0.01% 4,392 $461K No change
IVE iShares S&P 500 Value ETF 0.01% 2,000 $454K No change
ADM Archer-Daniels-Midland Co. 0.01% 5,918 $452K Add +4.2%
PSA Public Storage 0.01% 1,386 $441K Add +9.7%
SCHA Schwab US Small-Cap ETF 0.01% 12,202 $441K New
DKS Dick's Sporting Goods Inc. 0.01% 1,912 $434K No change
TRGP Targa Resources Corp. 0.01% 1,616 $433K Add +4.0%
XYL Xylem Inc. 0.01% 3,657 $432K Reduce -12.4%
GSLC Goldman Activebeta US LC ETF 0.01% 2,980 $423K Reduce -25.1%
CMCSA Comcast Corp. Class A 0.01% 17,103 $420K Reduce -26.9%
EXI iShares Global Industrials E 0.01% 2,090 $419K New
IJK iShares S&P Mid-Cap 400 Grow 0.01% 3,550 $417K No change
IWB iShares Russell 1000 ETF 0.01% 1,012 $414K No change
SNDK Sandisk Corp. 0.01% 182 $414K New
FNDA Schwab Fndmntl US SM Co. ETF 0.01% 10,853 $413K Add +1.8%
HPE Hewlett Packard Enterprise 0.01% 8,902 $402K New
TER Teradyne Inc. 0.01% 828 $401K No change
KRE SS SPDR S&P Regional Bank 0.01% 5,345 $400K No change
BSX Boston Scientific Corp. 0.01% 9,354 $399K Reduce -2.6%
SPCX Space Exploration Techn Class A 0.01% 2,332 $398K New
SHEL Shell PLC-ADR 0.01% 5,120 $397K Reduce -0.1%
FSLR First Solar Inc. 0.01% 1,641 $387K No change
VGK Vanguard Ftse Europe ETF 0.01% 4,363 $386K No change
IHF iShares U.S. Healthcare Prov 0.01% 6,957 $385K No change
ENB Enbridge Inc. 0.01% 7,022 $381K No change
IHI iShares U.S. Medical Devices 0.01% 7,566 $374K No change
TFPM Triple Flag Precious Met 0.01% 12,387 $371K New
KKR KKR & Co. Inc. 0.01% 3,988 $366K Reduce -6.5%
ERTH Invesco MSCI Sustainable Fut 0.01% 7,688 $364K Add +0.5%
ESS Essex Property Trust Inc. 0.01% 1,245 $363K No change
COIN Coinbase Global Inc. Class A 0.01% 2,468 $361K Add +10.9%
SPYG SS SPDR P S&P 500 Growth ETF 0.01% 3,028 $360K Reduce -26.1%
IYT iShares US Transportation Et 0.01% 4,132 $358K Add +0.0%
MNDY Monday.com Ltd. 0.01% 4,937 $357K No change
IYJ iShares U.S. Industrials ETF 0.01% 2,135 $356K No change
SCHK Schwab 1000 Index ETF 0.01% 9,712 $350K No change
LULU Lululemon Athletica Inc. 0.01% 3,050 $348K Reduce -6.3%
BWXT BWX Technologies Inc. 0.01% 1,787 $348K No change
WELL Welltower Inc. 0.01% 1,511 $343K Reduce -8.3%
EVRG Evergy Inc. 0.01% 3,949 $341K Reduce -1.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.01% 4,208 $339K Reduce -49.1%
SGOL Abrdn Physical Gold Shares 0.01% 8,850 $338K No change
IBIT iShares Bitcoin Trust ETF 0.01% 10,038 $334K Add +12.2%
CSX CSX Corp. 0.01% 6,949 $330K Reduce -2.3%
MDLZ Mondelez International Inc. Class A 0.01% 5,687 $329K Reduce -6.9%
ED Consolidated Edison Inc. 0.01% 2,973 $329K Reduce -0.1%
RY Royal Bank of Canada 0.01% 1,589 $329K No change
EQT Eqt Corp. 0.01% 6,036 $321K No change
UBER Uber Technologies Inc. 0.01% 4,387 $317K Reduce -9.0%
OKE Oneok Inc. 0.01% 3,641 $317K Reduce -0.6%
OXY Occidental Petroleum Corp. 0.01% 6,486 $315K Add +34.3%
SNPS Synopsys Inc. 0.01% 706 $315K Add +0.9%
PPH Vaneck Pharmaceutical ETF 0.01% 2,873 $314K No change
LUV Southwest Airlines Co. 0.01% 6,094 $313K New
NRG NRG Energy Inc. 0.01% 2,109 $308K Reduce -30.7%
FLEX Flex Ltd. 0.01% 1,897 $307K New
FRT Federal Realty Invs Trust 0.01% 2,473 $305K No change
STT State Street Corp. 0.01% 1,787 $303K Reduce -3.0%
AZN Astrazeneca PLC 0.01% 1,577 $299K No change
URI United Rentals Inc. 0.01% 263 $298K New
ANET Arista Networks Inc. 0.01% 1,743 $296K Add +2.2%
ROK Rockwell Automation Inc. 0.01% 598 $296K Reduce -1.6%
TD Toronto-Dominion Bank 0.01% 2,424 $294K No change
USMV iShares MSCI USA Min Vol Fac 0.01% 3,020 $291K No change
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.01% 5,452 $290K Reduce -26.9%
KXI iShares Global Consumer Stap 0.01% 4,266 $288K No change
IEV iShares Europe ETF 0.01% 3,865 $282K No change
HSY The Hershey Co. 0.01% 1,591 $279K Reduce -11.3%
CRCL Circle Internet Group Inc. 0.01% 4,405 $276K Add +13.2%
IGM iShares Expanded Tech Sector 0.01% 1,680 $275K New
GM General Motors Co. 0.01% 3,521 $271K Reduce -10.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.01% 1,182 $271K Reduce -11.6%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 3,045 $268K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.01% 725 $265K No change
AEM Agnico Eagle Mines Ltd. 0.01% 1,702 $264K Add +1.5%
SCHV Schwab US Large-Cap Value 0.01% 7,540 $262K Reduce -15.6%
INTU Intuit Inc. 0.01% 1,005 $262K Add +18.0%
NOC Northrop Grumman Corp. 0.01% 509 $259K Reduce -0.2%
BMRC Bank of Marin Bancorp 0.01% 9,240 $256K No change
TTE Totalenergies SE 0.01% 3,289 $256K Reduce -0.1%
FNCL Fidelity MSCI Financial Indx 0.01% 3,330 $255K No change
DVN Devon Energy Corp. 0.01% 6,126 $253K New
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO 0.01% 2,184 $251K No change
QQQE Dirx Nasdaq-100EQ Wi ETF-Usd 0.01% 2,055 $251K No change
DOV Dover Corp. 0.01% 1,115 $250K No change
IYH iShares U.S. Healthcare ETF 0.01% 3,650 $245K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.01% 1,649 $244K No change
PAYX Paychex Inc. 0.01% 2,380 $234K No change
FHLC Fidelity MSCI Health Care 0.01% 3,001 $232K No change
D Dominion Energy Inc. 0.01% 3,392 $232K New
BEP Brookfield Renewable Partner 0.01% 6,649 $231K No change
AMP Ameriprise Financial Inc. 0.01% 503 $231K Reduce -1.9%
F Ford Motor Co. filed as FORD MTR CO 0.01% 16,345 $227K Reduce -14.1%
WTS Watts Water Technologies-A 0.01% 575 $225K New
EW Edwards Lifesciences Corp. 0.01% 2,479 $224K New
PXH Inves Rafi Emer MRKT-Usd Inc. 0.01% 8,000 $223K No change
SHOP Shopify Inc. Class A 0.01% 1,911 $218K No change
OKTA Okta Inc. 0.01% 1,587 $217K New
FIDU Fidelity MSCI Indust Indx 0.01% 2,165 $216K New
DAL Delta Air Lines Inc. 0.01% 2,255 $211K New
ITOT iShares Core S&P Total U.S. 0.01% 1,278 $210K New
PWR Quanta Services Inc. 0.01% 291 $210K New
RSPT Invesco S&P 500 Equal Weight 0.01% 3,246 $209K New
AON Aon PLC Class A 0.01% 618 $205K Reduce -5.1%
CRL Charles River Laboratories 0.01% 899 $204K New
REET iShares Global REIT ETF 0.01% 7,278 $201K New
CX Cemex Sab-Spons ADR Part Cer 0.00% 10,067 $121K No change
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.00% 11,110 $64K New
GGB Gerdau SA -Spon ADR 0.00% 14,576 $59K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $15.5M (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 10,887$12.6MReduce -2.1%
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L 2,326$2.9MReduce -0.2%

Total filed on the 13F, all lines: $3.4B.

Portfolio Sells Q1 2026 → Q2 2026

COST Costco Wholesale Corp. Reduce -1.0% 3.11% −0.63
CVX Chevron Corp. Reduce -0.8% 1.54% −0.63
WMT Walmart Inc. Reduce -0.1% 1.88% −0.43
MCD McDonald's Corp. Reduce -20.4% 0.49% −0.30
XLE SS Energy Select Sector Reduce -0.2% 1.02% −0.30
ABT Abbott Laboratories Reduce -40.4% 0.21% −0.23
WM Waste Management Inc. Reduce -1.6% 1.21% −0.21
XOM Exxon Mobil Corp. Sold out 0.00% −0.19
NEE Nextera Energy Inc. Reduce -1.1% 0.92% −0.18
VZ Verizon Communications Inc. Reduce -1.3% 0.29% −0.10
PG The Procter & Gamble Co. Reduce -2.6% 0.75% −0.10
BX Blackstone Inc. Reduce -1.8% 0.72% −0.08
VDE Vanguard Energy ETF Reduce -4.7% 0.21% −0.07
HD Home Depot Inc. Reduce -0.9% 1.42% −0.07
LHX L3HARRIS Technologies Inc. Reduce -0.6% 0.22% −0.07
ACN Accenture PLC Class A Reduce -10.2% 0.07% −0.06
LOW Lowe's Cos Inc. Reduce -5.8% 0.23% −0.06
BLDR Builders Firstsource Inc. Sold out 0.00% −0.06
DHR Danaher Corp. Reduce -3.4% 0.36% −0.05
VAW Vanguard Materials ETF Reduce -8.5% 0.27% −0.05
HON Honeywell International Inc. Reduce -0.9% 0.04% −0.05
LBRDA Liberty Broadband-A Sold out 0.00% −0.05
NKE Nike Inc. Class B Reduce -10.1% 0.08% −0.05
ADP Automatic Data Processing Reduce -3.1% 0.95% −0.04
APD Air Products & Chemicals Inc. Reduce -1.2% 0.34% −0.04
ECL Ecolab Inc. Reduce -0.3% 0.56% −0.04
O Realty Income Corp. Reduce -1.1% 0.34% −0.04
ADBE Adobe Inc. Reduce -58.9% 0.02% −0.04
GLD SPDR Gold Shares Reduce -1.7% 0.11% −0.04
SCHW Schwab (charles) Corp. Reduce -0.1% 0.26% −0.04
FENY Fidelity MSCI Energy Index Reduce -0.5% 0.12% −0.03
GPC Genuine Parts Co. Reduce -19.6% 0.13% −0.03
SDY SS SPDR S&P Dividend ETF Reduce -0.2% 0.42% −0.03
SPGI S&P Global Inc. Reduce -8.8% 0.11% −0.03
ROST Ross Stores Inc. Reduce -1.1% 0.19% −0.03
VPU Vanguard Utilities ETF Reduce -0.8% 0.21% −0.03
CSL Carlisle Cos Inc. Reduce -1.3% 0.62% −0.03
ORLY O'reilly Automotive Inc. Reduce -18.3% 0.07% −0.02
META Meta Platforms Inc. Class A Reduce -6.5% 0.12% −0.02
CLX Clorox Company Reduce -7.8% 0.08% −0.02
WFC Wells Fargo & Co. Reduce -15.0% 0.09% −0.02
FDX FedEx Corp. Reduce -6.1% 0.06% −0.02
ZBH Zimmer Biomet Holdings Inc. Sold out 0.00% −0.02
DVY iShares Select Dividend ETF Reduce -0.3% 0.25% −0.02
LMT Lockheed Martin Corp. Reduce -3.3% 0.06% −0.02
LH Labcorp Holdings Inc. Reduce -1.9% 0.24% −0.02
GILD Gilead Sciences Inc. Reduce -1.3% 0.08% −0.02
KR Kroger Co. Reduce -2.9% 0.04% −0.02
PEG Public Service Enterprise GP Reduce -0.7% 0.16% −0.02
AZO AutoZone Inc. Reduce -0.1% 0.11% −0.02

Portfolio Buys Q1 2026 → Q2 2026

XLK SS Technology Select Sector Add +0.5% 7.71% +1.73
VGT Vanguard Info Tech ETF Add +1.0% 2.20% +0.42
CAT Caterpillar Inc. Add +1.0% 1.58% +0.42
SMH Vaneck Semiconductor ETF Add +10.1% 0.48% +0.20
LLY Eli Lilly & Co. Add +1.7% 0.88% +0.14
LRCX Lam Research Corp. Add +6.0% 0.17% +0.08
NVDA Nvidia Corp. Add +0.8% 2.23% +0.07
AMZN Amazon.com Inc. Add +0.3% 2.35% +0.06
XLV SS Health Care Select Sector Add +7.0% 1.65% +0.06
MU Micron Technology Inc. Add +1.8% 0.08% +0.05
INTC Intel Corp. Add +24.2% 0.07% +0.05
XBI SS SPDR S&P Biotech ETF Add +264.5% 0.06% +0.05
XLY SS Consumer Disc Select Sect Add +6.2% 1.84% +0.04
CVS CVS Health Corp. Add +19.7% 0.10% +0.04
TSM Taiwan Semiconductor-SP ADR Add +1.4% 0.16% +0.04
IEFA iShares Core MSCI Eafe ETF New 0.03% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +1.2% 0.84% +0.03
ECHO Echostar Corp. Class A New 0.03% +0.03
AMD Advanced Micro Devices Add +1.9% 0.05% +0.03
VCR Vanguard Consumer Discre ETF Add +3.7% 1.06% +0.03
VHT Vanguard Health Care ETF Add +6.4% 0.51% +0.02
GE General Electric Add +14.7% 0.08% +0.02
STX Seagate Technology Holdings Add +0.6% 0.04% +0.02
SPG Simon Property Group Inc. New 0.02% +0.02
VRTX Vertex Pharmaceuticals Inc. Add +105.4% 0.04% +0.02
WDC Western Digital Corp. Add +21.8% 0.03% +0.02
JPM JPMorgan Chase & Co. Add +1.2% 2.22% +0.02
ORCL Oracle Corp. Add +28.9% 0.12% +0.01
SCHX Schwab US Large-Cap ETF Add +27.6% 0.06% +0.01
GS Goldman Sachs Group Inc. Add +0.9% 0.20% +0.01
DDOG Datadog Inc. Class A Add +20.6% 0.02% +0.01
IGV iShares Expanded Tech-Softwa Add +54.5% 0.04% +0.01
ETN Eaton Corp. PLC Add +0.1% 0.22% +0.01
SCHA Schwab US Small-Cap ETF New 0.01% +0.01
EXI iShares Global Industrials E New 0.01% +0.01
SNDK Sandisk Corp. New 0.01% +0.01
HPE Hewlett Packard Enterprise New 0.01% +0.01
SPCX Space Exploration Techn Class A New 0.01% +0.01
TFPM Triple Flag Precious Met New 0.01% +0.01
IXG iShares Global Financials Et Add +46.3% 0.04% +0.01
GEV GE Vernova Inc. Add +1.8% 0.05% +0.01
CARR Carrier Global Corp. Add +41.6% 0.02% +0.01
LUV Southwest Airlines Co. New 0.01% +0.01
FLEX Flex Ltd. New 0.01% +0.01
ST Sensata Technologies Holdplc Add +52.8% 0.02% +0.01
URI United Rentals Inc. New 0.01% +0.01
IVV iShares Core S&P 500 ETF Add +0.7% 0.26% +0.01
IGM iShares Expanded Tech Sector New 0.01% +0.01
VXUS Vanguard Total Intl Stock Add +20.2% 0.05% +0.01
DVN Devon Energy Corp. New 0.01% +0.01

Notes & Other Activity Q1 2026 → Q2 2026

WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -2.1% 10,887 $12.6M
BANK OF AMERICA CORP (BAC 7.25 PERP L) 7.25%CNV PFD L Reduce -0.2% 2,326 $2.9M

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