Marble Harbor Investment Counsel, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Marble Harbor Investment Counsel, LLC reported 204 stock positions worth $849.9 million. Its top holding was Microsoft (MSFT) at 8.4% of the portfolio, followed by Apple (AAPL, 6.8%) and Iron Mountain (IRM, 4.6%). Compared with Q1 2024, it opened 7 new positions, sold out of 8, added to 27 and reduced 73. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Eaton Vance Sr FLTG Rate TR (XEFRX, shares −63%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001387130
Portfolio Value
$849.9M (Q2 2024)
SEC Filing
0001420506-24-001317 ↗ filed Aug 9, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $867.5M Q1 2024 Q2 2024: $849.9M $849.9M Q2 2024 Q3 2024: $914.1M Q3 2024 Q4 2024: $907.2M Q4 2024 Q1 2025: $888.2M Q1 2025 Q2 2025: $918.1M Q2 2025 Q3 2025: $954.7M Q3 2025 Q4 2025: $935.5M Q4 2025 Q1 2026: $922.9M Q1 2026 Q2 2026: $984.0M Q2 2026

Holdings 204 stocks · $849.9M
MSFT Microsoft Corp. 8.44% 160,532 $71.7M Reduce -0.6%
AAPL Apple Inc. 6.75% 272,536 $57.4M Reduce -0.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 4.63% 438,960 $39.3M Reduce -1.6%
ABBV Abbvie Inc. 3.91% 193,783 $33.2M Reduce -0.4%
ADP Automatic Data Processing 3.73% 132,953 $31.7M Reduce -0.5%
FISV Fiserv Inc. 3.18% 181,329 $27.0M Reduce -0.9%
PG The Procter & Gamble Co. 3.05% 157,074 $25.9M Reduce -0.2%
ORLY O'reilly Automotive Inc. 2.67% 21,465 $22.7M Reduce -0.1%
CSCO Cisco Systems Inc. 2.58% 461,762 $21.9M Reduce -0.2%
ABT Abbott Laboratories 2.42% 198,237 $20.6M Add +0.4%
IDXX Idexx Laboratories Inc. 2.30% 40,049 $19.5M Reduce -0.1%
EBAY eBay Inc. 2.05% 323,704 $17.4M Reduce -0.4%
XOM Exxon Mobil Corp. 1.98% 145,846 $16.8M Reduce -0.5%
DXCM Dexcom Inc. 1.96% 147,174 $16.7M Reduce -0.1%
VWO Vanguard Ftse Emerging Marke 1.94% 376,407 $16.5M Reduce -0.1%
PGR Progressive Corp. 1.81% 73,930 $15.4M Reduce -0.8%
PH Parker Hannifin Corp. 1.79% 30,017 $15.2M Add +0.1%
PEP Pepsico Inc. 1.69% 87,181 $14.4M Add +0.1%
HR Healthcare Realty Trust Inc. 1.55% 801,891 $13.2M Reduce -7.4%
EOG EOG Resources Inc. 1.46% 98,544 $12.4M Reduce -0.6%
KO The Coca-Cola Co. 1.32% 175,652 $11.2M Add +0.1%
WMT Walmart Inc. 1.27% 159,382 $10.8M Reduce -0.2%
ECL Ecolab Inc. 1.25% 44,796 $10.7M Reduce -0.4%
NTRS Northern Trust Corp. 1.20% 121,458 $10.2M Reduce -0.0%
GE General Electric filed as GE AEROSPACE 1.14% 61,037 $9.7M Reduce -0.6%
PFE Pfizer Inc. 1.13% 342,471 $9.6M Reduce -2.7%
PYPL PayPal Holdings Inc. 1.12% 163,783 $9.5M Reduce -0.7%
SYK Stryker Corp. 1.12% 27,860 $9.5M Add +1.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.05% 90,053 $8.9M Add +0.7%
MRK Merck & Co. Inc. 1.05% 71,966 $8.9M Add +0.4%
VOO Vanguard S&P 500 ETF 1.01% 17,102 $8.6M Reduce -1.2%
JNJ Johnson & Johnson 0.99% 57,624 $8.4M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.94% 19,645 $8.0M No change
WFC Wells Fargo & Co. 0.87% 125,168 $7.4M Add +1.2%
VIOO Vanguard S&P Small-Cap 600 E 0.82% 70,601 $6.9M Add +0.2%
GOOGL Alphabet Inc. Class A 0.81% 38,010 $6.9M Add +0.3%
EW Edwards Lifesciences Corp. 0.80% 73,600 $6.8M Add +0.3%
MCD McDonald's Corp. 0.75% 24,887 $6.3M Add +0.0%
WBA Walgreens Boots Alliance Inc. 0.70% 495,073 $6.0M Add +10.4%
SRCL Stericycle Inc. 0.68% 98,962 $5.8M Reduce -2.1%
DHR Danaher Corp. 0.66% 22,402 $5.6M Add +1.2%
LLY Eli Lilly & Co. 0.64% 5,977 $5.4M Reduce -0.4%
CVX Chevron Corp. 0.61% 33,292 $5.2M No change
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.56% 82,967 $4.7M Reduce -0.2%
EXPD Expeditors Intl Wash Inc. 0.52% 35,675 $4.5M Reduce -0.8%
EMR Emerson Electric Co. 0.50% 38,198 $4.2M Reduce -0.5%
GOOG Alphabet Inc. Class C 0.48% 22,068 $4.0M No change
APD Air Products & Chemicals Inc. 0.48% 15,650 $4.0M Reduce -17.7%
CB Chubb Ltd. 0.40% 13,431 $3.4M Add +0.4%
SHW The Sherwin-Williams Co. 0.39% 11,059 $3.3M Add +3.1%
XEFRX Eaton Vance Sr FLTG Rate TR 0.38% 249,670 $3.3M Reduce -62.7%
SHEL Shell PLC-ADR 0.38% 44,450 $3.2M Reduce -1.8%
HD Home Depot Inc. 0.37% 9,185 $3.2M Add +2.2%
GLDM SPDR Gold Minishares Trust 0.36% 66,525 $3.1M Reduce -1.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.35% 16,471 $3.0M Reduce -1.7%
RTX RTX Corp. 0.34% 28,388 $2.8M No change
NVDA Nvidia Corp. 0.33% 23,042 $2.8M Reduce -3.0%
UNP Union Pacific Corp. 0.32% 11,935 $2.7M No change
LRCX Lam Research Corp. 0.31% 2,500 $2.7M Reduce -9.1%
TPR Tapestry Inc. 0.31% 61,975 $2.7M Reduce -1.9%
GEV GE Vernova Inc. 0.31% 15,225 $2.6M Reduce -0.8%
VB Vanguard Most SM-Cap ETF-Usd 0.31% 11,965 $2.6M Reduce -0.4%
JPM JPMorgan Chase & Co. 0.30% 12,479 $2.5M No change
DEO Diageo PLC-Sponsored ADR 0.29% 19,443 $2.5M Add +4.4%
AXP American Express Co. 0.26% 9,611 $2.2M Reduce -1.0%
VNQ Vanguard Real Estate ETF 0.25% 25,625 $2.1M Add +0.8%
IVOO Vanguard S&P Mid-Cap 400 ETF 0.23% 19,830 $2.0M Reduce -2.9%
AMZN Amazon.com Inc. 0.22% 9,650 $1.9M No change
SIVR Abrdn Physical Silver Shares 0.20% 61,800 $1.7M Reduce -1.6%
COST Costco Wholesale Corp. 0.20% 2,015 $1.7M Reduce -0.5%
TEL Te Connectivity Ltd. 0.20% 11,046 $1.7M No change
INTC Intel Corp. 0.19% 52,124 $1.6M Reduce -2.2%
IVV iShares Core S&P 500 ETF 0.18% 2,832 $1.5M Reduce -1.7%
NSC Norfolk Southern Corp. 0.18% 7,022 $1.5M Reduce -1.4%
GEHC GE Healthcare Technology 0.17% 18,991 $1.5M Reduce -2.1%
MDY State Street SPDR S&P Midcap 0.16% 2,600 $1.4M No change
DUK Duke Energy Corp. 0.16% 13,326 $1.3M Reduce -0.3%
NEE Nextera Energy Inc. 0.14% 17,348 $1.2M No change
CAT Caterpillar Inc. 0.14% 3,682 $1.2M No change
SGOL Abrdn Physical Gold Shares 0.14% 54,700 $1.2M Reduce -0.3%
OGN Organon & Co. 0.14% 56,908 $1.2M Reduce -26.1%
KMB Kimberly-Clark Corp. 0.14% 8,474 $1.2M No change
VTWO Vanguard Russell 2000 ETF 0.14% 14,165 $1.2M Reduce -2.5%
QQQM Invesco Nasdaq 100 ETF 0.13% 5,801 $1.1M Add +1.1%
EEM iShares MSCI Emerging Market 0.13% 25,800 $1.1M Reduce -0.8%
CARR Carrier Global Corp. 0.13% 16,930 $1.1M No change
SBUX Starbucks Corp. 0.11% 12,205 $950K No change
TR Tootsie Roll Inds 0.11% 30,155 $922K Reduce -10.4%
AON Aon PLC Class A 0.11% 3,125 $917K No change
BDX Becton Dickinson and Co. 0.11% 3,843 $898K Reduce -3.7%
FTV Fortive Corp. 0.10% 11,820 $876K Add +0.8%
VLTO Veralto Corp. 0.10% 9,116 $870K No change
VNQI Vanguard GLBL Ex-US Real Est 0.10% 21,100 $856K Add +1.4%
LKQ LKQ Corp. 0.10% 20,485 $852K No change
VIG Vanguard Dividend Apprec ETF 0.10% 4,550 $831K Add +3.3%
CSL Carlisle Cos Inc. 0.10% 2,000 $810K No change
OTIS Otis Worldwide Corp. 0.09% 8,214 $791K No change
EFT Eaton Vance Fltng RT Inc. TR 0.09% 58,250 $782K Reduce -82.2%
OSW Onespaworld Holdings Ltd. 0.09% 50,700 $779K Reduce -4.7%
AMLP Alerian MLP ETF 0.09% 16,100 $772K New

Show all 204 holdings

Portfolio Sells Q1 2024 → Q2 2024
XEFRX Eaton Vance Sr FLTG Rate TR Reduce -62.7% 0.38% −0.62
EFT Eaton Vance Fltng RT Inc. TR Reduce -82.2% 0.09% −0.41
DXCM Dexcom Inc. Reduce -0.1% 1.96% −0.39
IDXX Idexx Laboratories Inc. Reduce -0.1% 2.30% −0.20
FISV Fiserv Inc. Reduce -0.9% 3.18% −0.19
ABBV Abbvie Inc. Reduce -0.4% 3.91% −0.17
PYPL PayPal Holdings Inc. Reduce -0.7% 1.12% −0.15
ORLY O'reilly Automotive Inc. Reduce -0.1% 2.67% −0.13
ADP Automatic Data Processing Reduce -0.5% 3.73% −0.11
GE General Electric Reduce -0.6% 1.14% −0.10
CSCO Cisco Systems Inc. Reduce -0.2% 2.58% −0.08
INTC Intel Corp. Reduce -2.2% 0.19% −0.08
APD Air Products & Chemicals Inc. Reduce -17.7% 0.48% −0.06
MAIN Main Street Capital Corp. Reduce -66.7% 0.03% −0.05
NTRS Northern Trust Corp. Reduce -0.0% 1.20% −0.05
BOH Bank of Hawaii Corp. Reduce -0.2% 0.56% −0.04
VZ Verizon Communications Inc. Sold out 0.00% −0.03
TPR Tapestry Inc. Reduce -1.9% 0.31% −0.03
NSC Norfolk Southern Corp. Reduce -1.4% 0.18% −0.03
CVS CVS Health Corp. Sold out 0.00% −0.03
GEHC GE Healthcare Technology Reduce -2.1% 0.17% −0.03
OGN Organon & Co. Reduce -26.1% 0.14% −0.03
CMCSA Comcast Corp. Class A Sold out 0.00% −0.03
TGT Target Corp. Sold out 0.00% −0.03
T AT&T Inc. Reduce -37.0% 0.06% −0.03
SNA Snap-on Inc. Sold out 0.00% −0.03
DFUV Dimensional US Marketwide Va Sold out 0.00% −0.02
ULTA Ulta Beauty Inc. Sold out 0.00% −0.02
BMY Bristol-Myers Squibb Co. Reduce -9.7% 0.05% −0.02
CLX Clorox Company Reduce -38.5% 0.03% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.7% 0.35% −0.02
TR Tootsie Roll Inds Reduce -10.4% 0.11% −0.02
LOW Lowe's Cos Inc. Reduce -14.3% 0.04% −0.01
OCSL Oaktree Specialty Lending Co. Reduce -12.8% 0.07% −0.01
IVOO Vanguard S&P Mid-Cap 400 ETF Reduce -2.9% 0.23% −0.01
SYY Sysco Corp. Reduce -4.2% 0.07% −0.01
NUV Nuveen Municipal Value Sold out 0.00% −0.01
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.4% 0.31% −0.01
BA The Boeing Co. Reduce -5.2% 0.09% −0.01
BDX Becton Dickinson and Co. Reduce -3.7% 0.11% −0.01
IBM Intl Business Machines Corp. Reduce -6.7% 0.05% −0.01
EMR Emerson Electric Co. Reduce -0.5% 0.50% −0.01
VTWO Vanguard Russell 2000 ETF Reduce -2.5% 0.14% −0.01
NTR Nutrien Ltd. Reduce -5.8% 0.03% −0.00
EOG EOG Resources Inc. Reduce -0.6% 1.46% −0.00
IEFA iShares Core MSCI Eafe ETF Reduce -1.1% 0.05% −0.00
HPQ HP Inc. Reduce -17.3% 0.02% −0.00
MO Altria Group Inc. Reduce -3.2% 0.03% +0.00
BAC Bank of America Corp. Reduce -5.5% 0.08% +0.00
PFE Pfizer Inc. Reduce -2.7% 1.13% +0.00

Portfolio Buys Q1 2024 → Q2 2024
GOOGL Alphabet Inc. Class A Add +0.3% 0.81% +0.16
AMLP Alerian MLP ETF New 0.09% +0.09
KO The Coca-Cola Co. Add +0.1% 1.32% +0.08
WFC Wells Fargo & Co. Add +1.2% 0.87% +0.05
IBHG iShares Ibonds 2027 HY Inc. Add +133.3% 0.07% +0.04
ARCC Ares Capital Corp. New 0.04% +0.04
TSLX Sixth Street Specialty Lendi New 0.04% +0.04
BXSL Blackstone Secured Lending F New 0.04% +0.04
PSBD Palmer Square Capital BDC Inc. New 0.04% +0.04
FBRT Franklin BSP Realty Trust Inc. New 0.02% +0.02
DHR Danaher Corp. Add +1.2% 0.66% +0.02
F Ford Motor Co. New 0.02% +0.02
QQQM Invesco Nasdaq 100 ETF Add +1.1% 0.13% +0.01
VIG Vanguard Dividend Apprec ETF Add +3.3% 0.10% +0.01
CB Chubb Ltd. Add +0.4% 0.40% +0.00
VNQI Vanguard GLBL Ex-US Real Est Add +1.4% 0.10% −0.00
VNQ Vanguard Real Estate ETF Add +0.8% 0.25% −0.00
WY Weyerhaeuser Co. Add +3.1% 0.03% −0.01
EW Edwards Lifesciences Corp. Add +0.3% 0.80% −0.01
VIOO Vanguard S&P Small-Cap 600 E Add +0.2% 0.82% −0.01
FTV Fortive Corp. Add +0.8% 0.10% −0.01
NKE Nike Inc. Class B Add +2.0% 0.08% −0.02
SYK Stryker Corp. Add +1.4% 1.12% −0.02
HD Home Depot Inc. Add +2.2% 0.37% −0.03
DEO Diageo PLC-Sponsored ADR Add +4.4% 0.29% −0.03
SHW The Sherwin-Williams Co. Add +3.1% 0.39% −0.04
MRK Merck & Co. Inc. Add +0.4% 1.05% −0.04
JNJ Johnson & Johnson Add +0.2% 0.99% −0.06
MCD McDonald's Corp. Add +0.0% 0.75% −0.06
PEP Pepsico Inc. Add +0.1% 1.69% −0.07
PH Parker Hannifin Corp. Add +0.1% 1.79% −0.13
ABT Abbott Laboratories Add +0.4% 2.42% −0.16
DIS The Walt Disney Co. Add +0.7% 1.05% −0.21
WBA Walgreens Boots Alliance Inc. Add +10.4% 0.70% −0.42

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 200$984.0MAAPL, CSCO, MSFT, ABBV, IRM
Q1 2026 192$922.9MAAPL, MSFT, ABBV, CSCO, IRM
Q4 2025 185$935.5MMSFT, AAPL, ABBV, CSCO, ADP
Q3 2025 189$954.7MMSFT, AAPL, ABBV, ADP, IRM
Q2 2025 203$918.1MMSFT, AAPL, ADP, ABBV, IRM
Q1 2025 206$888.2MAAPL, MSFT, ADP, ABBV, FISV
Q4 2024 206$907.2MAAPL, MSFT, ADP, FISV, IRM
Q3 2024 210$914.1MMSFT, AAPL, IRM, ABBV, ADP
Q2 2024 204$849.9MMSFT, AAPL, IRM, ABBV, ADP
Q1 2024 204$867.5MMSFT, AAPL, IRM, ABBV, ADP