Marble Harbor Investment Counsel, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Marble Harbor Investment Counsel, LLC reported 206 stock positions worth $907.2 million. Its top holding was Apple (AAPL) at 7.4% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Automatic Data Processing (ADP, 4.3%). Compared with Q3 2024, it opened 7 new positions, sold out of 11, added to 40 and reduced 69. The biggest buy was Procore Technologies (PCOR, shares +51%) and the biggest sale an exit from Stericycle (SRCL).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001387130
- Portfolio Value
- $907.2M (Q4 2024)
- SEC Filing
- 0001420506-25-000183 ↗ filed Feb 7, 2025
Holdings Value
Holdings 206 stocks · $907.2M
| AAPL Apple Inc. | 7.37% | 266,962 | $66.9M | Reduce -1.2% |
| MSFT Microsoft Corp. | 7.30% | 157,045 | $66.2M | Reduce -1.1% |
| ADP Automatic Data Processing | 4.27% | 132,319 | $38.7M | Reduce -0.3% |
| FISV Fiserv Inc. | 4.07% | 179,703 | $36.9M | Reduce -0.4% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 4.02% | 346,570 | $36.4M | Reduce -1.0% |
| ABBV Abbvie Inc. | 3.75% | 191,414 | $34.0M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 3.02% | 462,603 | $27.4M | Reduce -0.0% |
| PG The Procter & Gamble Co. | 3.02% | 163,227 | $27.4M | Add +3.9% |
| ORLY O'reilly Automotive Inc. | 2.77% | 21,165 | $25.1M | Reduce -0.7% |
| ABT Abbott Laboratories | 2.48% | 199,274 | $22.5M | Add +0.1% |
| EBAY eBay Inc. | 2.21% | 323,420 | $20.0M | Reduce -0.2% |
| PH Parker Hannifin Corp. | 2.06% | 29,372 | $18.7M | Reduce -1.6% |
| PGR Progressive Corp. | 1.93% | 73,120 | $17.5M | Reduce -0.4% |
| VWO Vanguard Ftse Emerging Marke | 1.85% | 381,066 | $16.8M | Add +0.5% |
| IDXX Idexx Laboratories Inc. | 1.82% | 39,834 | $16.5M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 1.72% | 145,275 | $15.6M | Reduce -0.2% |
| PYPL PayPal Holdings Inc. | 1.67% | 177,611 | $15.2M | Reduce -0.7% |
| HR Healthcare Realty Trust Inc. | 1.58% | 848,179 | $14.4M | Add +3.8% |
| WMT Walmart Inc. | 1.56% | 156,258 | $14.1M | Reduce -1.4% |
| PEP Pepsico Inc. | 1.45% | 86,281 | $13.1M | Reduce -1.1% |
| DXCM Dexcom Inc. | 1.44% | 167,583 | $13.0M | Add +4.8% |
| EOG EOG Resources Inc. | 1.39% | 103,037 | $12.6M | Add +3.1% |
| NTRS Northern Trust Corp. | 1.39% | 122,701 | $12.6M | Add +0.8% |
| KO The Coca-Cola Co. | 1.21% | 176,462 | $11.0M | Add +0.4% |
| ECL Ecolab Inc. | 1.17% | 45,236 | $10.6M | Add +0.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.15% | 93,747 | $10.4M | Add +1.8% |
| GE General Electric filed as GE AEROSPACE | 1.13% | 61,513 | $10.3M | No change |
| VOO Vanguard S&P 500 ETF | 1.12% | 18,921 | $10.2M | Add +10.6% |
| SYK Stryker Corp. | 1.11% | 27,900 | $10.0M | Reduce -0.4% |
| PFE Pfizer Inc. | 1.04% | 356,809 | $9.5M | Add +5.4% |
| WFC Wells Fargo & Co. | 1.01% | 130,504 | $9.2M | Add +4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.98% | 19,645 | $8.9M | No change |
| JNJ Johnson & Johnson | 0.91% | 56,899 | $8.2M | Reduce -0.6% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.87% | 74,127 | $7.9M | Add +4.3% |
| GOOGL Alphabet Inc. Class A | 0.84% | 40,157 | $7.6M | Add +2.8% |
| MCD McDonald's Corp. | 0.79% | 24,862 | $7.2M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.77% | 70,510 | $7.0M | Reduce -1.7% |
| BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP | 0.70% | 89,304 | $6.4M | Add +8.0% |
| PCOR Procore Technologies Inc. | 0.66% | 79,668 | $6.0M | Add +51.2% |
| WBA Walgreens Boots Alliance Inc. | 0.63% | 608,872 | $5.7M | Reduce -12.6% |
| NVDA Nvidia Corp. | 0.60% | 40,388 | $5.4M | Add +4.4% |
| DHR Danaher Corp. | 0.58% | 22,902 | $5.3M | Add +2.7% |
| EW Edwards Lifesciences Corp. | 0.56% | 68,421 | $5.1M | Reduce -1.5% |
| GEV GE Vernova Inc. | 0.55% | 15,150 | $5.0M | Add +0.8% |
| CVX Chevron Corp. | 0.53% | 33,157 | $4.8M | Reduce -0.6% |
| EMR Emerson Electric Co. | 0.53% | 38,498 | $4.8M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.50% | 5,864 | $4.5M | Reduce -1.7% |
| APD Air Products & Chemicals Inc. | 0.48% | 15,160 | $4.4M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 0.46% | 21,878 | $4.2M | No change |
| SHW The Sherwin-Williams Co. | 0.45% | 11,909 | $4.0M | Add +6.3% |
| TPR Tapestry Inc. | 0.44% | 60,975 | $4.0M | Reduce -1.0% |
| EXPD Expeditors Intl Wash Inc. | 0.44% | 35,663 | $4.0M | Reduce -0.0% |
| CB Chubb Ltd. | 0.43% | 14,021 | $3.9M | Add +4.3% |
| GLDM SPDR Gold Minishares Trust | 0.38% | 66,425 | $3.5M | Reduce -0.1% |
| HD Home Depot Inc. | 0.38% | 8,770 | $3.4M | Reduce -3.7% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.36% | 16,651 | $3.3M | Add +1.4% |
| RTX RTX Corp. | 0.36% | 28,181 | $3.3M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.33% | 12,407 | $3.0M | Reduce -0.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.32% | 12,102 | $2.9M | Add +0.3% |
| DEO Diageo PLC-Sponsored ADR | 0.32% | 22,699 | $2.9M | Add +12.6% |
| AXP American Express Co. | 0.31% | 9,561 | $2.8M | Reduce -0.3% |
| SHEL Shell PLC-ADR | 0.30% | 43,850 | $2.7M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.30% | 11,860 | $2.7M | Reduce -0.6% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.23% | 19,830 | $2.1M | No change |
| AMZN Amazon.com Inc. | 0.23% | 9,450 | $2.1M | Reduce -2.1% |
| VNQ Vanguard Real Estate ETF | 0.21% | 21,900 | $2.0M | Reduce -3.2% |
| COST Costco Wholesale Corp. | 0.21% | 2,120 | $1.9M | No change |
| LRCX Lam Research Corp. | 0.19% | 24,000 | $1.7M | New |
| SIVR Abrdn Physical Silver Shares | 0.19% | 61,750 | $1.7M | Reduce -0.1% |
| NSC Norfolk Southern Corp. | 0.18% | 7,022 | $1.6M | No change |
| TEL Te Connectivity PLC | 0.17% | 11,046 | $1.6M | No change |
| MDY State Street SPDR S&P Midcap | 0.17% | 2,700 | $1.5M | Add +3.9% |
| GEHC GE Healthcare Technology | 0.16% | 18,660 | $1.5M | Reduce -0.3% |
| SGOL Abrdn Physical Gold Shares | 0.15% | 54,600 | $1.4M | Reduce -0.2% |
| NKE Nike Inc. Class B | 0.15% | 18,010 | $1.4M | Add +60.3% |
| CAT Caterpillar Inc. | 0.15% | 3,632 | $1.3M | Reduce -1.1% |
| DUK Duke Energy Corp. | 0.14% | 12,158 | $1.3M | Reduce -5.6% |
| VTWO Vanguard Russell 2000 ETF | 0.14% | 14,165 | $1.3M | No change |
| NEE Nextera Energy Inc. | 0.13% | 17,048 | $1.2M | No change |
| QQQM Invesco Nasdaq 100 ETF | 0.13% | 5,801 | $1.2M | No change |
| CARR Carrier Global Corp. | 0.13% | 16,930 | $1.2M | No change |
| AON Aon PLC Class A | 0.12% | 3,125 | $1.1M | No change |
| EFT Eaton Vance Fltng RT Inc. TR | 0.12% | 84,850 | $1.1M | No change |
| KMB Kimberly-Clark Corp. | 0.12% | 8,274 | $1.1M | No change |
| SBUX Starbucks Corp. | 0.11% | 11,330 | $1.0M | Reduce -7.7% |
| AMLP Alerian MLP ETF | 0.11% | 21,300 | $1.0M | No change |
| EEM iShares MSCI Emerging Market | 0.11% | 24,100 | $1.0M | No change |
| VIG Vanguard Dividend Apprec ETF | 0.11% | 5,015 | $982K | Add +10.3% |
| IVV iShares Core S&P 500 ETF | 0.11% | 1,646 | $969K | Reduce -41.9% |
| FTV Fortive Corp. | 0.10% | 12,420 | $932K | Add +6.0% |
| TR Tootsie Roll Inds | 0.10% | 28,000 | $905K | Reduce -2.8% |
| VLTO Veralto Corp. | 0.10% | 8,738 | $890K | Reduce -1.6% |
| VFH Vanguard Financials ETF | 0.09% | 6,850 | $809K | No change |
| IBHF iShares Ibond 2026 HY & Inc. | 0.09% | 34,536 | $800K | Add +27.9% |
| BDX Becton Dickinson and Co. | 0.09% | 3,480 | $790K | Reduce -9.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 1,495 | $764K | No change |
| OTIS Otis Worldwide Corp. | 0.08% | 8,119 | $752K | No change |
| XEFRX Eaton Vance Sr FLTG Rate TR | 0.08% | 58,433 | $748K | No change |
| ITW Illinois Tool Works | 0.08% | 2,875 | $729K | No change |
| WEC WEC Energy Group Inc. | 0.08% | 7,732 | $727K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| SRCL Stericycle Inc. | Sold out | 0.00% | −0.60 |
| IRM Iron Mountain Inc. | Reduce -1.0% | 4.02% | −0.53 |
| ABBV Abbvie Inc. | Reduce -1.2% | 3.75% | −0.44 |
| IDXX Idexx Laboratories Inc. | Reduce -0.6% | 1.82% | −0.40 |
| MSFT Microsoft Corp. | Reduce -1.1% | 7.30% | −0.18 |
| PEP Pepsico Inc. | Reduce -1.1% | 1.45% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 1.72% | −0.14 |
| MRK Merck & Co. Inc. | Reduce -1.7% | 0.77% | −0.12 |
| JNJ Johnson & Johnson | Reduce -0.6% | 0.91% | −0.11 |
| PGR Progressive Corp. | Reduce -0.4% | 1.93% | −0.11 |
| EBAY eBay Inc. | Reduce -0.2% | 2.21% | −0.10 |
| OSW Onespaworld Holdings Ltd. | Sold out | 0.00% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -1.7% | 0.50% | −0.08 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.0% | 0.44% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -41.9% | 0.11% | −0.07 |
| IBDU iShares Ibonds Dec 2029 Term | Sold out | 0.00% | −0.07 |
| WBA Walgreens Boots Alliance Inc. | Reduce -12.6% | 0.63% | −0.06 |
| OGN Organon & Co. | Reduce -26.2% | 0.05% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.79% | −0.03 |
| INTC Intel Corp. | Reduce -31.1% | 0.05% | −0.03 |
| CE Celanese Corp. | Sold out | 0.00% | −0.03 |
| PM Philip Morris International | Reduce -41.1% | 0.05% | −0.03 |
| GEHC GE Healthcare Technology | Reduce -0.3% | 0.16% | −0.03 |
| HD Home Depot Inc. | Reduce -3.7% | 0.38% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -3.2% | 0.21% | −0.03 |
| RWX State Street SPDR Dow Jones | Sold out | 0.00% | −0.03 |
| CSL Carlisle Cos Inc. | Reduce -10.0% | 0.07% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.6% | 0.30% | −0.02 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.02 |
| HPQ HP Inc. | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.02 |
| UL Unilever PLC | Sold out | 0.00% | −0.02 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.02 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.02 |
| AMGN Amgen Inc. | Reduce -6.2% | 0.06% | −0.02 |
| LKQ LKQ Corp. | Reduce -16.7% | 0.07% | −0.02 |
| DUK Duke Energy Corp. | Reduce -5.6% | 0.14% | −0.02 |
| SBUX Starbucks Corp. | Reduce -7.7% | 0.11% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -1.2% | 0.48% | −0.02 |
| RTX RTX Corp. | Reduce -0.3% | 0.36% | −0.02 |
| SHEL Shell PLC-ADR | Reduce -0.5% | 0.30% | −0.01 |
| NTR Nutrien Ltd. | Reduce -30.9% | 0.03% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -9.4% | 0.09% | −0.01 |
| SLB SLB Ltd. | Reduce -13.2% | 0.05% | −0.01 |
| SIVR Abrdn Physical Silver Shares | Reduce -0.1% | 0.19% | −0.01 |
| CAT Caterpillar Inc. | Reduce -1.1% | 0.15% | −0.01 |
| MDT Medtronic PLC | Reduce -11.5% | 0.04% | −0.01 |
| VLTO Veralto Corp. | Reduce -1.6% | 0.10% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -17.0% | 0.04% | −0.01 |
| CVX Chevron Corp. | Reduce -0.6% | 0.53% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| PCOR Procore Technologies Inc. | Add +51.2% | 0.66% | +0.30 |
| DXCM Dexcom Inc. | Add +4.8% | 1.44% | +0.26 |
| WFC Wells Fargo & Co. | Add +4.2% | 1.01% | +0.24 |
| LRCX Lam Research Corp. | New | 0.19% | +0.19 |
| NTRS Northern Trust Corp. | Add +0.8% | 1.39% | +0.19 |
| DIS The Walt Disney Co. | Add +1.8% | 1.15% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +10.6% | 1.12% | +0.14 |
| BOH Bank of Hawaii Corp. | Add +8.0% | 0.70% | +0.13 |
| GEV GE Vernova Inc. | Add +0.8% | 0.55% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +2.8% | 0.84% | +0.13 |
| NVDA Nvidia Corp. | Add +4.4% | 0.60% | +0.08 |
| EMR Emerson Electric Co. | Add +0.8% | 0.53% | +0.07 |
| IBHI iShares Ibonds 2029 TM HY Inc. | New | 0.07% | +0.07 |
| MAS Masco Corp. | New | 0.06% | +0.06 |
| SNOW Snowflake Inc. | New | 0.06% | +0.06 |
| EOG EOG Resources Inc. | Add +3.1% | 1.39% | +0.05 |
| NKE Nike Inc. Class B | Add +60.3% | 0.15% | +0.04 |
| PG The Procter & Gamble Co. | Add +3.9% | 3.02% | +0.04 |
| FTNT Fortinet Inc. | New | 0.03% | +0.03 |
| VIOO Vanguard S&P Small-Cap 600 E | Add +4.3% | 0.87% | +0.03 |
| TSLA Tesla Inc. | New | 0.02% | +0.02 |
| CINF Cincinnati Financial Corp. | New | 0.02% | +0.02 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +27.9% | 0.09% | +0.02 |
| ET Energy Transfer LP | Add +19.1% | 0.04% | +0.01 |
| IBHG iShares Ibonds 2027 HY Inc. | Add +15.8% | 0.08% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +10.3% | 0.11% | +0.01 |
| BXSL Blackstone Secured Lending F | Add +8.4% | 0.05% | +0.01 |
| DEO Diageo PLC-Sponsored ADR | Add +12.6% | 0.32% | +0.01 |
| MPLX MPLX LP | Add +19.3% | 0.04% | +0.01 |
| MAIN Main Street Capital Corp. | Add +4.8% | 0.04% | +0.01 |
| PSBD Palmer Square Capital BDC Inc. | Add +24.3% | 0.05% | +0.01 |
| MDY State Street SPDR S&P Midcap | Add +3.9% | 0.17% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.3% | 0.32% | +0.01 |
| TSLX Sixth Street Specialty Lendi | Add +7.2% | 0.05% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.4% | 0.36% | +0.00 |
| CB Chubb Ltd. | Add +4.3% | 0.43% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +25.1% | 0.04% | +0.00 |
| ACN Accenture PLC Class A | Add +3.8% | 0.05% | +0.00 |
| ABT Abbott Laboratories | Add +0.1% | 2.48% | +0.00 |
| FTV Fortive Corp. | Add +6.0% | 0.10% | +0.00 |
| SHW The Sherwin-Williams Co. | Add +6.3% | 0.45% | −0.02 |
| PFE Pfizer Inc. | Add +5.4% | 1.04% | −0.03 |
| HR Healthcare Realty Trust Inc. | Add +3.8% | 1.58% | −0.04 |
| ECL Ecolab Inc. | Add +0.6% | 1.17% | −0.09 |
| DHR Danaher Corp. | Add +2.7% | 0.58% | −0.10 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 1.85% | −0.13 |
| KO The Coca-Cola Co. | Add +0.4% | 1.21% | −0.17 |
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 |