Marble Harbor Investment Counsel, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Marble Harbor Investment Counsel, LLC reported 204 stock positions worth $867.5 million. Its top holding was Microsoft (MSFT) at 7.8% of the portfolio, followed by Apple (AAPL, 5.4%) and Iron Mountain (IRM, 4.1%). Compared with Q4 2023, it opened 15 new positions, sold out of 8, added to 51 and reduced 71. The biggest buy was Walt Disney (DIS, shares +6%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001387130
- Portfolio Value
- $867.5M (Q1 2024)
- SEC Filing
- 0001420506-24-000736 ↗ filed May 10, 2024
Holdings Value
Holdings 204 stocks · $867.5M
| MSFT Microsoft Corp. | 7.84% | 161,562 | $68.0M | Reduce -4.2% |
| AAPL Apple Inc. | 5.42% | 273,968 | $47.0M | Reduce -3.6% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.12% | 446,081 | $35.8M | Reduce -1.6% |
| ABBV Abbvie Inc. | 4.08% | 194,571 | $35.4M | Reduce -0.6% |
| ADP Automatic Data Processing | 3.85% | 133,678 | $33.4M | Reduce -1.4% |
| FISV Fiserv Inc. | 3.37% | 182,994 | $29.2M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 2.94% | 157,449 | $25.5M | Add +0.1% |
| ORLY O'reilly Automotive Inc. | 2.79% | 21,478 | $24.2M | Reduce -3.1% |
| CSCO Cisco Systems Inc. | 2.66% | 462,862 | $23.1M | Add +0.1% |
| ABT Abbott Laboratories | 2.59% | 197,363 | $22.4M | Add +0.3% |
| IDXX Idexx Laboratories Inc. | 2.50% | 40,099 | $21.7M | Reduce -2.0% |
| DXCM Dexcom Inc. | 2.36% | 147,396 | $20.4M | Add +1.5% |
| EBAY eBay Inc. | 1.98% | 324,954 | $17.2M | Add +0.5% |
| XOM Exxon Mobil Corp. | 1.96% | 146,524 | $17.0M | Add +0.1% |
| PH Parker Hannifin Corp. | 1.92% | 29,987 | $16.7M | Reduce -0.4% |
| VWO Vanguard Ftse Emerging Marke | 1.81% | 376,767 | $15.7M | Add +2.9% |
| PGR Progressive Corp. | 1.78% | 74,530 | $15.4M | Reduce -0.7% |
| PEP Pepsico Inc. | 1.76% | 87,084 | $15.2M | Reduce -0.8% |
| EOG EOG Resources Inc. | 1.46% | 99,147 | $12.7M | Add +3.1% |
| HR Healthcare Realty Trust Inc. | 1.41% | 865,566 | $12.2M | Reduce -5.2% |
| PYPL PayPal Holdings Inc. | 1.27% | 164,888 | $11.0M | Add +4.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.26% | 89,443 | $10.9M | Add +6.0% |
| NTRS Northern Trust Corp. | 1.25% | 121,502 | $10.8M | Add +3.0% |
| GE General Electric | 1.24% | 61,387 | $10.8M | Add +0.8% |
| KO The Coca-Cola Co. | 1.24% | 175,507 | $10.7M | Add +1.0% |
| ECL Ecolab Inc. | 1.20% | 44,994 | $10.4M | Add +1.9% |
| SYK Stryker Corp. | 1.13% | 27,485 | $9.8M | Reduce -1.4% |
| PFE Pfizer Inc. | 1.13% | 351,910 | $9.8M | Reduce -1.0% |
| WBA Walgreens Boots Alliance Inc. | 1.12% | 448,548 | $9.7M | Add +6.6% |
| WMT Walmart Inc. | 1.11% | 159,682 | $9.6M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 1.09% | 71,666 | $9.5M | Reduce -0.1% |
| JNJ Johnson & Johnson | 1.05% | 57,506 | $9.1M | Reduce -0.1% |
| XEFRX Eaton Vance Sr FLTG Rate TR | 1.01% | 670,072 | $8.7M | Reduce -10.4% |
| VOO Vanguard S&P 500 ETF | 0.96% | 17,302 | $8.3M | Reduce -0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.95% | 19,645 | $8.3M | No change |
| WFC Wells Fargo & Co. | 0.83% | 123,689 | $7.2M | Add +6.4% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.82% | 70,461 | $7.2M | Add +0.8% |
| MCD McDonald's Corp. | 0.81% | 24,877 | $7.0M | No change |
| EW Edwards Lifesciences Corp. | 0.81% | 73,340 | $7.0M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 0.66% | 37,880 | $5.7M | Add +51.2% |
| DHR Danaher Corp. | 0.64% | 22,132 | $5.5M | Add +4.5% |
| SRCL Stericycle Inc. | 0.61% | 101,062 | $5.3M | Add +3.6% |
| CVX Chevron Corp. | 0.61% | 33,292 | $5.3M | Add +1.4% |
| BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP | 0.60% | 83,101 | $5.2M | Reduce -1.0% |
| LLY Eli Lilly & Co. | 0.54% | 6,002 | $4.7M | Reduce -2.4% |
| APD Air Products & Chemicals Inc. | 0.53% | 19,026 | $4.6M | Reduce -48.3% |
| EXPD Expeditors Intl Wash Inc. | 0.50% | 35,975 | $4.4M | Reduce -3.8% |
| EMR Emerson Electric Co. | 0.50% | 38,398 | $4.4M | Reduce -0.1% |
| EFT Eaton Vance Fltng RT Inc. TR | 0.50% | 327,193 | $4.4M | Reduce -15.9% |
| SHW The Sherwin-Williams Co. | 0.43% | 10,724 | $3.7M | Add +1.9% |
| CB Chubb Ltd. | 0.40% | 13,381 | $3.5M | Add +0.8% |
| HD Home Depot Inc. | 0.40% | 8,985 | $3.4M | Reduce -2.5% |
| GOOG Alphabet Inc. Class C | 0.39% | 22,068 | $3.4M | Add +1.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.37% | 16,751 | $3.2M | Add +3.5% |
| SHEL Shell PLC-ADR | 0.35% | 45,250 | $3.0M | Reduce -4.6% |
| TPR Tapestry Inc. | 0.35% | 63,175 | $3.0M | Reduce -10.3% |
| GLDM SPDR Gold Minishares Trust | 0.34% | 67,525 | $3.0M | Reduce -2.9% |
| UNP Union Pacific Corp. | 0.34% | 11,935 | $2.9M | Reduce -0.8% |
| DEO Diageo PLC-Sponsored ADR | 0.32% | 18,618 | $2.8M | Add +2.1% |
| RTX RTX Corp. | 0.32% | 28,388 | $2.8M | Reduce -1.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 12,017 | $2.7M | Add +1.7% |
| LRCX Lam Research Corp. | 0.31% | 2,750 | $2.7M | No change |
| JPM JPMorgan Chase & Co. | 0.29% | 12,479 | $2.5M | Add +2.5% |
| INTC Intel Corp. | 0.27% | 53,274 | $2.4M | Add +0.6% |
| AXP American Express Co. | 0.25% | 9,711 | $2.2M | Add +2.9% |
| VNQ Vanguard Real Estate ETF | 0.25% | 25,425 | $2.2M | Add +2.0% |
| NVDA Nvidia Corp. | 0.25% | 2,376 | $2.1M | No change |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.24% | 20,430 | $2.1M | Reduce -3.8% |
| NSC Norfolk Southern Corp. | 0.21% | 7,122 | $1.8M | Reduce -3.3% |
| GEHC GE Healthcare Technology | 0.20% | 19,399 | $1.8M | Add +1.3% |
| AMZN Amazon.com Inc. | 0.20% | 9,650 | $1.7M | Reduce -0.6% |
| TEL Te Connectivity Ltd. | 0.18% | 11,046 | $1.6M | No change |
| IVV iShares Core S&P 500 ETF | 0.17% | 2,882 | $1.5M | Add +4.1% |
| SIVR Abrdn Physical Silver Shares | 0.17% | 62,800 | $1.5M | No change |
| COST Costco Wholesale Corp. | 0.17% | 2,025 | $1.5M | Reduce -3.1% |
| OGN Organon & Co. | 0.17% | 77,064 | $1.4M | Reduce -50.8% |
| MDY State Street SPDR S&P Midcap | 0.17% | 2,600 | $1.4M | No change |
| CAT Caterpillar Inc. | 0.16% | 3,682 | $1.3M | No change |
| DUK Duke Energy Corp. | 0.15% | 13,367 | $1.3M | Add +0.3% |
| VTWO Vanguard Russell 2000 ETF | 0.14% | 14,525 | $1.2M | Add +1.8% |
| SGOL Abrdn Physical Gold Shares | 0.13% | 54,850 | $1.2M | Reduce -17.9% |
| SBUX Starbucks Corp. | 0.13% | 12,205 | $1.1M | Add +1.8% |
| NEE Nextera Energy Inc. | 0.13% | 17,348 | $1.1M | Reduce -1.1% |
| KMB Kimberly-Clark Corp. | 0.13% | 8,474 | $1.1M | Reduce -6.9% |
| LKQ LKQ Corp. | 0.13% | 20,485 | $1.1M | Reduce -35.2% |
| TR Tootsie Roll Inds | 0.12% | 33,657 | $1.1M | Reduce -3.2% |
| EEM iShares MSCI Emerging Market | 0.12% | 26,000 | $1.1M | Reduce -7.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.12% | 5,735 | $1.0M | No change |
| AON Aon PLC Class A | 0.12% | 3,125 | $1.0M | No change |
| FTV Fortive Corp. | 0.12% | 11,720 | $1.0M | Add +11.1% |
| BDX Becton Dickinson and Co. | 0.11% | 3,992 | $988K | Reduce -14.5% |
| CARR Carrier Global Corp. | 0.11% | 16,930 | $984K | Reduce -1.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.10% | 16,003 | $877K | No change |
| VNQI Vanguard GLBL Ex-US Real Est | 0.10% | 20,800 | $877K | Add +11.2% |
| BA The Boeing Co. | 0.10% | 4,270 | $824K | No change |
| OTIS Otis Worldwide Corp. | 0.09% | 8,214 | $815K | Reduce -1.2% |
| NKE Nike Inc. Class B | 0.09% | 8,660 | $814K | Add +7.9% |
| VLTO Veralto Corp. | 0.09% | 9,116 | $808K | Add +32.8% |
| VIG Vanguard Dividend Apprec ETF | 0.09% | 4,405 | $804K | Reduce -5.6% |
| CSL Carlisle Cos Inc. | 0.09% | 2,000 | $784K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -3.6% | 5.42% | −1.32 |
| APD Air Products & Chemicals Inc. | Reduce -48.3% | 0.53% | −0.71 |
| HR Healthcare Realty Trust Inc. | Reduce -5.2% | 1.41% | −0.52 |
| IDXX Idexx Laboratories Inc. | Reduce -2.0% | 2.50% | −0.30 |
| XEFRX Eaton Vance Sr FLTG Rate TR | Reduce -10.4% | 1.01% | −0.16 |
| BOH Bank of Hawaii Corp. | Reduce -1.0% | 0.60% | −0.15 |
| VOD Vodafone Group PLC-SP ADR | Sold out | 0.00% | −0.15 |
| PFE Pfizer Inc. | Reduce -1.0% | 1.13% | −0.13 |
| OGN Organon & Co. | Reduce -50.8% | 0.17% | −0.11 |
| EFT Eaton Vance Fltng RT Inc. TR | Reduce -15.9% | 0.50% | −0.10 |
| EXPD Expeditors Intl Wash Inc. | Reduce -3.8% | 0.50% | −0.08 |
| PEP Pepsico Inc. | Reduce -0.8% | 1.76% | −0.08 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -46.5% | 0.08% | −0.06 |
| JNJ Johnson & Johnson | Reduce -0.1% | 1.05% | −0.06 |
| LKQ LKQ Corp. | Reduce -35.2% | 0.13% | −0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.04 |
| CL Colgate-Palmolive Co. | Reduce -41.3% | 0.06% | −0.04 |
| ADP Automatic Data Processing | Reduce -1.4% | 3.85% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -4.6% | 0.35% | −0.03 |
| ES Eversource Energy | Sold out | 0.00% | −0.03 |
| SGOL Abrdn Physical Gold Shares | Reduce -17.9% | 0.13% | −0.03 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.03 |
| BDX Becton Dickinson and Co. | Reduce -14.5% | 0.11% | −0.03 |
| L Loews Corp. | Sold out | 0.00% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.8% | 0.34% | −0.03 |
| T AT&T Inc. | Reduce -17.2% | 0.09% | −0.02 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.02 |
| TR Tootsie Roll Inds | Reduce -3.2% | 0.12% | −0.02 |
| EBC Eastern Bankshares Inc. | Sold out | 0.00% | −0.02 |
| EEM iShares MSCI Emerging Market | Reduce -7.4% | 0.12% | −0.02 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| OSW Onespaworld Holdings Ltd. | Reduce -0.4% | 0.08% | −0.01 |
| CVS CVS Health Corp. | Reduce -23.9% | 0.03% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -6.9% | 0.13% | −0.01 |
| NTR Nutrien Ltd. | Reduce -12.7% | 0.03% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -10.0% | 0.07% | −0.01 |
| AMGN Amgen Inc. | Reduce -3.0% | 0.08% | −0.01 |
| DVYE iShares Emerging Markets Div | Reduce -4.9% | 0.06% | −0.01 |
| CARR Carrier Global Corp. | Reduce -1.2% | 0.11% | −0.01 |
| PM Philip Morris International | Reduce -1.0% | 0.07% | −0.01 |
| ENB Enbridge Inc. | Reduce -8.6% | 0.04% | −0.01 |
| GLDM SPDR Gold Minishares Trust | Reduce -2.9% | 0.34% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -5.6% | 0.09% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -3.3% | 0.21% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -12.5% | 0.05% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -1.1% | 0.13% | −0.00 |
| SO The Southern Co. | Reduce -1.2% | 0.05% | −0.00 |
| HOLX Hologic Inc. | Reduce -6.1% | 0.07% | −0.00 |
| IVOO Vanguard S&P Mid-Cap 400 ETF | Reduce -3.8% | 0.24% | −0.00 |
| WY Weyerhaeuser Co. | Reduce -3.2% | 0.04% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| DIS The Walt Disney Co. | Add +6.0% | 1.26% | +0.32 |
| GE General Electric | Add +0.8% | 1.24% | +0.29 |
| EBAY eBay Inc. | Add +0.5% | 1.98% | +0.24 |
| GOOGL Alphabet Inc. Class A | Add +51.2% | 0.66% | +0.23 |
| XOM Exxon Mobil Corp. | Add +0.1% | 1.96% | +0.16 |
| DXCM Dexcom Inc. | Add +1.5% | 2.36% | +0.14 |
| WFC Wells Fargo & Co. | Add +6.4% | 0.83% | +0.12 |
| ECL Ecolab Inc. | Add +1.9% | 1.20% | +0.12 |
| PG The Procter & Gamble Co. | Add +0.1% | 2.94% | +0.11 |
| MAIN Main Street Capital Corp. | New | 0.08% | +0.08 |
| OCSL Oaktree Specialty Lending Co. | New | 0.08% | +0.08 |
| PYPL PayPal Holdings Inc. | Add +4.5% | 1.27% | +0.08 |
| IBHH iShares Ibonds 2028 TM HY Inc. | New | 0.07% | +0.07 |
| HYT BlackRock Corp. Hi YLD | New | 0.07% | +0.07 |
| IBHF iShares Ibond 2026 HY & Inc. | New | 0.07% | +0.07 |
| AXP American Express Co. | Add +2.9% | 0.25% | +0.04 |
| DHR Danaher Corp. | Add +4.5% | 0.64% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +2.5% | 0.29% | +0.03 |
| IBHG iShares Ibonds 2027 HY Inc. | New | 0.03% | +0.03 |
| CB Chubb Ltd. | Add +0.8% | 0.40% | +0.03 |
| EOG EOG Resources Inc. | Add +3.1% | 1.46% | +0.03 |
| META Meta Platforms Inc. Class A | New | 0.03% | +0.03 |
| ESGR Enstar Group Ltd. | New | 0.03% | +0.03 |
| CMCSA Comcast Corp. Class A | New | 0.03% | +0.03 |
| TGT Target Corp. | New | 0.03% | +0.03 |
| SHW The Sherwin-Williams Co. | Add +1.9% | 0.43% | +0.03 |
| DFUV Dimensional US Marketwide Va | New | 0.02% | +0.02 |
| IUSG iShares Core S&P U.S. Growth | New | 0.02% | +0.02 |
| ULTA Ulta Beauty Inc. | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | New | 0.02% | +0.02 |
| VLTO Veralto Corp. | Add +32.8% | 0.09% | +0.02 |
| NTRS Northern Trust Corp. | Add +3.0% | 1.25% | +0.02 |
| GEHC GE Healthcare Technology | Add +1.3% | 0.20% | +0.02 |
| FTV Fortive Corp. | Add +11.1% | 0.12% | +0.02 |
| SRCL Stericycle Inc. | Add +3.6% | 0.61% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +3.5% | 0.37% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +4.1% | 0.17% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +1.7% | 0.39% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.7% | 0.32% | +0.01 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.5% | 0.05% | +0.01 |
| WAT Waters Corp. | Add +16.2% | 0.05% | +0.01 |
| IBM Intl Business Machines Corp. | Add +1.9% | 0.06% | +0.01 |
| VZ Verizon Communications Inc. | Add +13.9% | 0.03% | +0.01 |
| ROP Roper Technologies Inc. | Add +13.4% | 0.06% | +0.01 |
| LH Laboratory CRP of Amer Hldgs | Add +24.8% | 0.04% | +0.00 |
| SYY Sysco Corp. | Add +1.1% | 0.08% | +0.00 |
| EVGO Evgo Inc. | New | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +1.4% | 0.61% | +0.00 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +11.2% | 0.10% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +1.1% | 0.05% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 200 | $984.0M | AAPL, CSCO, MSFT, ABBV, IRM |
| Q1 2026 | 192 | $922.9M | AAPL, MSFT, ABBV, CSCO, IRM |
| Q4 2025 | 185 | $935.5M | MSFT, AAPL, ABBV, CSCO, ADP |
| Q3 2025 | 189 | $954.7M | MSFT, AAPL, ABBV, ADP, IRM |
| Q2 2025 | 203 | $918.1M | MSFT, AAPL, ADP, ABBV, IRM |
| Q1 2025 | 206 | $888.2M | AAPL, MSFT, ADP, ABBV, FISV |
| Q4 2024 | 206 | $907.2M | AAPL, MSFT, ADP, FISV, IRM |
| Q3 2024 | 210 | $914.1M | MSFT, AAPL, IRM, ABBV, ADP |
| Q2 2024 | 204 | $849.9M | MSFT, AAPL, IRM, ABBV, ADP |
| Q1 2024 | 204 | $867.5M | MSFT, AAPL, IRM, ABBV, ADP |