Marble Harbor Investment Counsel, LLC

CIK 1387130 · View on SEC EDGAR ↗

Portfolio value
$984.0M
#2,484 of 9,443 by 13F value · top 26.3%
Positions
200
As of
June 30, 2026

Portfolio value QoQ: +6.6% 13F does not disclose cash

Top 10 holdings weight
40.00%
Top 25 holdings weight
64.75%
Positions above 1%
30
Effective number of positions
41.0

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 1.48% Est. buys $14,158,213 · sells $28,163,435

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 84.0% still held

New positions
12
Increased
40
Decreased
70
Closed
4
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+17.3%
S&P 500 total return (same window)
+28.1%
Excess return
-10.8%

Annualized: +11.3% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 90.9% · Options excluded: 0.0%

Sector breakdown

Technology
17.0%
Healthcare
15.3%
Industrials
12.3%
Retail
8.5%
Real Estate
5.7%
Communications
5.4%
Financials
4.9%
Financial Services
4.8%
Communication Services
3.0%
Consumer Staples
2.9%
Energy
2.8%
Consumer products
2.5%
Materials
2.2%
Consumer Discretionary
1.1%
Logistics & Transportation
0.6%
Utilities
0.6%
Telecommunication
0.0%
Other/Unmapped
10.4%

Full portfolio 200 positions

Type Streak 8Q trend
AAPL Apple Inc. - Common Stock $68,308,591 6.94% 236,068 $7,793,978 Down ×6
CSCO Cisco Systems, Inc. - Common Stock $52,844,153 5.37% 449,891 $17,768,660 Down ×3
MSFT Microsoft Corporation - Common Stock $52,126,960 5.30% 139,743 $247,552 Down ×6
ABBV AbbVie Inc. Common Stock $44,648,118 4.54% 177,429 $5,740,344 Down ×6
IRM Iron Mountain Incorporated (Delaware)Common Stock REIT $37,328,732 3.79% 295,533 $6,638,351 Down ×6
EBAY eBay Inc. - Common Stock $34,467,388 3.50% 308,433 $6,049,306 Down ×6
ADP Automatic Data Processing, Inc. - Common Stock $28,786,383 2.93% 128,539 $2,970,062 Up ×2
PH Parker-Hannifin Corporation Common Stock $26,369,137 2.68% 26,959 $1,939,828 Down ×6
ORLY O'Reilly Automotive, Inc. - Common Stock $25,025,550 2.54% 271,751 $-181,634 Down ×4
PG Procter & Gamble Company (The) Common Stock $23,706,771 2.41% 161,666 $421,599 Up ×3
VWO $23,274,578 2.37% 389,924 $2,275,546 Up ×2
GE GE Aerospace Common Stock $22,334,863 2.27% 59,763 $5,327,100 Down ×6
NTRS Northern Trust Corporation - Common Stock $20,564,014 2.09% 118,293 $3,975,315 Down ×6
HR Healthcare Realty Trust Incorporated Common Stock $18,419,244 1.87% 913,200 $2,829,101 Down ×2
IDXX IDEXX Laboratories, Inc. - Common Stock $18,295,369 1.86% 34,753 $-1,360,105 Down ×6
ABT Abbott Laboratories Common Stock $17,803,007 1.81% 196,198 $-2,081,092 Up ×1
WMT Walmart Inc. - Common Stock $16,064,640 1.63% 141,839 $-1,716,671 Down ×6
EOG EOG Resources, Inc. Common Stock $14,820,846 1.51% 114,244 $-2,075,597 Down ×2
PGR Progressive Corporation (The) Common Stock $14,200,124 1.44% 65,004 $1,135,117 Down ×6
KO Coca-Cola Company (The) Common Stock $13,964,249 1.42% 171,825 $822,096 Down ×6
JNJ Johnson & Johnson Common Stock $13,823,239 1.40% 54,429 $451,090 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $13,232,622 1.34% 37,028 $2,428,130 Down ×5
FISV Fiserv, Inc. - Common Stock $12,892,351 1.31% 262,841 $-1,265,281 Up ×3
ECL Ecolab Inc. Common Stock $11,971,036 1.22% 42,967 $526,324 Down ×3
GEV GE Vernova Inc. Common Stock $11,872,548 1.21% 10,105 $2,973,769 Down ×4
PEP PepsiCo, Inc. - Common Stock $11,003,958 1.12% 81,270 $-1,675,315 Down ×1
VIOO $10,925,083 1.11% 79,432 $1,939,975 Up ×1
VOO $10,762,372 1.09% 15,670 $1,398,712
PFE Pfizer, Inc. Common Stock $10,694,241 1.09% 444,113 $-1,803,325 Down ×2
WFC Wells Fargo & Company Common Stock $10,490,652 1.07% 126,944 $305,030 Down ×2
BOH Bank of Hawaii Corporation Common Stock $9,201,036 0.94% 112,910 $772,993 Down ×1
SYK Stryker Corporation Common Stock $9,073,059 0.92% 28,818 $37,820 Up ×1
DIS Walt Disney Company (The) Common Stock $9,048,463 0.92% 94,010 $-85,277 Down ×3
PYPL PayPal Holdings, Inc. - Common Stock $8,991,371 0.91% 208,230 $-112,704 Up ×4
GWRE Guidewire Software, Inc. Common Stock $8,695,574 0.88% 70,667 $-269,052 Up ×1
MRK Merck & Company, Inc. Common Stock (new) $8,649,699 0.88% 67,313 $468,435 Down ×1
LRCX Lam Research Corporation - Common Stock $8,634,100 0.88% 19,925 $3,997,678 Down ×3
DXCM DexCom, Inc. - Common Stock $8,448,990 0.86% 125,449 $598,236 Up ×2
TYL Tyler Technologies, Inc. Common Stock $8,054,348 0.82% 27,540 $-722,563 Up ×1
GOOG Alphabet Inc. - Class C Capital Stock $7,015,366 0.71% 19,855 $1,310,582 Down ×2
BRKB $6,714,733 0.68% 13,419 $-2,253,016 Down ×6
NVDA NVIDIA Corporation - Common Stock $6,638,239 0.67% 33,176 $713,676 Down ×6
MCD McDonald's Corporation Common Stock $6,634,593 0.67% 24,544 $-965,923 Up ×1
CVX Chevron Corporation Common Stock $5,504,572 0.56% 33,208 $-1,320,438 Up ×2
EXPD Expeditors International of Washington, Inc. Common Stock $5,481,343 0.56% 33,632 $664,232
EW Edwards Lifesciences Corporation Common Stock $5,301,951 0.54% 58,611 $608,382
EMR Emerson Electric Company Common Stock $5,297,776 0.54% 37,009 $488,687 Up ×1
PCOR Procore Technologies, Inc. Common Stock $5,189,652 0.53% 127,761 $-1,419,612 Up ×6
RTX RTX Corporation Common Stock $5,140,648 0.52% 27,095 $-58,200 Up ×2
LLY Eli Lilly and Company Common Stock $5,089,181 0.52% 4,243 $1,140,608 Down ×1
VBR $5,049,575 0.51% 20,781 $582,046 Up ×1
DHR Danaher Corporation Common Stock $4,743,333 0.48% 24,902 $178,334 Up ×3
CB Chubb Limited Common Stock $4,264,702 0.43% 12,516 $169,066 Down ×3
SHW Sherwin-Williams Company (The) Common Stock $4,239,956 0.43% 12,314 $372,841 Up ×4
VB $3,837,997 0.39% 12,662 $493,634 Down ×1
GLDM $3,780,392 0.38% 47,600 $-677,997 Down ×4
JPM JP Morgan Chase & Co. Common Stock $3,636,388 0.37% 11,109 $283,187 Down ×1
APD Air Products and Chemicals, Inc. Common Stock $3,611,788 0.37% 12,319 $57,352 Up ×1
RSMC $3,585,039 0.36% 123,964 $359,689 Down ×1
EFR Eaton Vance Senior Floating-Rate Fund Common Shares of Beneficial Interest $3,458,515 0.35% 326,275
CAT Caterpillar, Inc. Common Stock $3,072,237 0.31% 2,885 $895,848 Down ×2
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $3,056,627 0.31% 39,420 $-695,923 Down ×1
UNP Union Pacific Corporation Common Stock $3,000,160 0.30% 11,030 $299,799 Down ×6
INTC Intel Corporation - Common Stock $2,901,511 0.29% 20,780 $1,984,490
AXP American Express Company Common Stock $2,823,035 0.29% 8,346 $298,537
HD Home Depot, Inc. (The) Common Stock $2,795,104 0.28% 7,925 $188,543
XOM Exxon Mobil Corporation Common Stock $2,734,400 0.28% 20,000 $-20,577,914 Down ×6
SIVR $2,717,675 0.28% 48,340 $-743,952
IVOO $2,694,064 0.27% 20,660 $332,213
NKE Nike, Inc. Common Stock $2,606,028 0.26% 63,484 $-837,572 Down ×1
VNQ $2,389,053 0.24% 24,775 $169,335 Down ×1
TEL TE Connectivity plc Ordinary Shares $2,253,597 0.23% 11,178 $-82,829
DEO Diageo plc Common Stock $2,238,905 0.23% 27,854 $83,280 Down ×2
AMZN Amazon.com, Inc. - Common Stock $2,118,843 0.22% 8,890 $363,127 Up ×1
SGOL $2,077,801 0.21% 54,350 $-347,296
VIG $1,995,662 0.20% 8,434 $249,152 Up ×5
MDY $1,899,018 0.19% 2,700 $233,766
NSC Norfolk Southern Corporation Common Stock $1,892,984 0.19% 6,017 $151,668 Down ×1
COST Costco Wholesale Corporation - Common Stock $1,840,486 0.19% 1,967 $-52,287 Up ×1
VTWO Vanguard Russell 2000 ETF $1,804,908 0.18% 14,865 $315,881
IVV $1,804,900 0.18% 2,410 $572,227 Up ×1
QQQM Invesco NASDAQ 100 ETF $1,757,529 0.18% 5,801 $379,095
EEM $1,566,589 0.16% 22,900 $266,098
NEE NextEra Energy, Inc. Common Stock $1,549,459 0.16% 17,654 $-99,498 Down ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $1,513,659 0.15% 11,958 $-52,137
KLAC KLA Corporation - Common Stock $1,116,327 0.11% 3,700 $556,811 Up ×1
SBUX Starbucks Corporation - Common Stock $1,044,382 0.11% 10,220 $128,772
RY Royal Bank Of Canada Common Stock $1,036,092 0.11% 5,006 $226,221
AON Aon plc Class A Ordinary Shares (Ireland) $1,017,957 0.10% 3,069 $17,339 Down ×2
FTV Fortive Corporation Common Stock $981,289 0.10% 16,063 $89,733 Down ×3
CARR Carrier Global Corporation Common Stock $950,836 0.10% 12,963 $110,128 Down ×1
VFH $901,460 0.09% 6,850 $73,911
GEHC GE HealthCare Technologies Inc. - Common Stock $891,020 0.09% 13,920 $-192,198 Down ×6
VGT $884,448 0.09% 7,400 $239,057 Up ×1
VNQI Vanguard Global ex-U.S. Real Estate ETF $846,768 0.09% 18,880 $8,885 Up ×1
ADI Analog Devices, Inc. - Common Stock $844,383 0.09% 2,126 $168,017
AMGN Amgen Inc. - Common Stock $827,739 0.08% 2,286 $23,476
ROK Rockwell Automation, Inc. Common Stock $816,882 0.08% 1,650 $188,842 Down ×2
NOC Northrop Grumman Corporation Common Stock $687,569 0.07% 1,350 $-240,960 Down ×2
AMAT Applied Materials, Inc. - Common Stock $686,850 0.07% 950 $362,149

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
PG $23,706,771 2.41% up ×3
FISV $12,892,351 1.31% up ×3
PYPL $8,991,371 0.91% up ×4
PCOR $5,189,652 0.53% up ×6
DHR $4,743,333 0.48% up ×3
SHW $4,239,956 0.43% up ×4
VIG $1,995,662 0.20% up ×5
TD $682,072 0.07% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
EFR $3,458,515 326,275 0.35%
IDEV $461,428 5,184 0.05%
DELL $346,894 804 0.04%
Unknown issuer (CUSIP: 438516205) $263,306 1,176 0.03%
HPE $261,638 5,800 0.03%
Unknown issuer (CUSIP: 43849R105) $259,990 1,176 0.03%
TWLO $247,596 1,200 0.03%
PNC $220,121 894 0.02%
UPS $210,163 1,955 0.02%
AFL $208,705 1,780 0.02%
IWN $206,822 935 0.02%
VO $206,317 2,561 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
CSCO Trimmed -2K +$17.8M
AAPL Trimmed -2K +$7.8M
IRM Trimmed -5K +$6.6M
EBAY Trimmed -4K +$6.0M
ABBV Trimmed -1K +$5.7M
GE Trimmed -173 +$5.3M
LRCX Trimmed -2K +$4.0M
NTRS Trimmed -563 +$4.0M
GEV Trimmed -89 +$3.0M
ADP Bought more +1K +$3.0M

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
WBA Sept. 30, 2025 627,121 $7,199,349 No longer tracked
TPR Dec. 31, 2025 59,950 $6,787,539 2.3%
EFT Sept. 30, 2025 56,450 $704,496 -9.0%
LKQ Sept. 30, 2025 16,110 $596,231 -14.8%
HOLX June 30, 2026 7,242 $547,423 No longer tracked
HON June 30, 2026 2,352 $531,623 -1.9%
MAS Dec. 31, 2025 7,035 $495,194 16.1%
EFR Sept. 30, 2025 38,500 $466,620 -7.9%
ACN June 30, 2026 2,350 $465,982 46.7%
FDIQ March 31, 2026 7,150 $442,139
AMLP Sept. 30, 2025 9,000 $439,740 No longer tracked
IBHF Sept. 30, 2025 18,600 $432,071 No longer tracked
MDT June 30, 2025 4,533 $407,335 5.7%
IBHG Sept. 30, 2025 17,730 $399,627 No longer tracked
DD Dec. 31, 2025 4,878 $379,997 248.6%
ET March 31, 2025 18,825 $368,782 14.3%
MAIN March 31, 2025 6,285 $368,175 3.9%
ROL June 30, 2025 6,592 $356,148 -35.3%
MPLX March 31, 2025 6,980 $334,063 9.5%
HYT Sept. 30, 2025 32,400 $315,900 -12.8%
IBHH Sept. 30, 2025 12,900 $306,123 No longer tracked
UPS Sept. 30, 2025 2,755 $278,090 23.7%
IBHI Sept. 30, 2025 11,540 $273,392 No longer tracked
ESGR Sept. 30, 2025 793 $266,733 No longer tracked
CLX March 31, 2025 1,600 $259,856 -28.4%
MA Dec. 31, 2025 450 $255,965 0.8%
PSBD Sept. 30, 2025 17,900 $249,884 -16.8%
OCSL Sept. 30, 2025 18,000 $245,880 0.2%
TSLX Sept. 30, 2025 10,210 $243,100 -17.6%
BXSL June 30, 2025 7,250 $234,610 -19.5%
KMX Sept. 30, 2025 3,460 $232,547 37.3%
IEX June 30, 2025 1,275 $230,821 34.3%
TSLA March 31, 2025 545 $220,093 34.6%
DE June 30, 2025 460 $215,680 22.7%
FBRT Sept. 30, 2025 20,000 $213,800 -24.6%
UPS March 31, 2026 2,155 $213,754 5.0%
LMT June 30, 2026 350 $211,537 11.6%
FTNT Dec. 31, 2025 2,500 $210,200 88.2%
ARCC Sept. 30, 2025 9,550 $209,718 -2.9%
RAL Sept. 30, 2025 3,896 $206,410 46.0%
DGX Dec. 31, 2025 1,080 $205,826 38.6%
AEP Dec. 31, 2025 1,800 $202,500 7.1%
DOW March 31, 2025 5,023 $201,573 -5.9%
OGN Sept. 30, 2025 18,325 $177,386 28.6%