# Marble Harbor Investment Counsel, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1387130. Source: https://holderbook.com/funds/1387130-marble-harbor-investment-counsel-llc/

- Reported value: $984.0M
- Positions: 200
- Weight of the ten largest: 40.0%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $68.3M | 236,068 | 6.9% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $52.8M | 449,891 | 5.4% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $52.1M | 139,743 | 5.3% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $44.6M | 177,429 | 4.5% | 31 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $37.3M | 295,533 | 3.8% | 31 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $34.5M | 308,433 | 3.5% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $28.8M | 128,539 | 2.9% | 31 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $26.4M | 26,959 | 2.7% | 31 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $25.0M | 271,751 | 2.5% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $23.7M | 161,666 | 2.4% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $23.3M | 389,924 | 2.4% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $22.3M | 59,763 | 2.3% | 20 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $20.6M | 118,293 | 2.1% | 31 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $18.4M | 913,200 | 1.9% | 16 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $18.3M | 34,753 | 1.9% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $17.8M | 196,198 | 1.8% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $16.1M | 141,839 | 1.6% | 31 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $14.8M | 114,244 | 1.5% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $14.2M | 65,004 | 1.4% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $14.0M | 171,825 | 1.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $13.8M | 54,429 | 1.4% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $13.2M | 37,028 | 1.3% | 31 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $12.9M | 262,841 | 1.3% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $12.0M | 42,967 | 1.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $11.9M | 10,105 | 1.2% | 9 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $11.0M | 81,270 | 1.1% | 31 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $10.9M | 79,432 | 1.1% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $10.8M | 15,670 | 1.1% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.7M | 444,113 | 1.1% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $10.5M | 126,944 | 1.1% | 31 |
| BANK HAWAII CORP | [BOH](https://holderbook.com/stocks/BOH/) | $9.2M | 112,910 | 0.9% | 31 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $9.1M | 28,818 | 0.9% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $9.0M | 94,010 | 0.9% | 31 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $9.0M | 208,230 | 0.9% | 27 |
| GUIDEWIRE SOFTWARE INC | [GWRE](https://holderbook.com/stocks/GWRE/) | $8.7M | 70,667 | 0.9% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $8.6M | 67,313 | 0.9% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $8.6M | 19,925 | 0.9% | 7 |
| DEXCOM INC | [DXCM](https://holderbook.com/stocks/DXCM/) | $8.4M | 125,449 | 0.9% | 31 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $8.1M | 27,540 | 0.8% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $7.0M | 19,855 | 0.7% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.7M | 13,419 | 0.7% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.6M | 33,176 | 0.7% | 26 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $6.6M | 24,544 | 0.7% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $5.5M | 33,208 | 0.6% | 31 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $5.5M | 33,632 | 0.6% | 31 |
| EDWARDS LIFESCIENCES CORP | [EW](https://holderbook.com/stocks/EW/) | $5.3M | 58,611 | 0.5% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $5.3M | 37,009 | 0.5% | 31 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $5.2M | 127,761 | 0.5% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $5.1M | 27,095 | 0.5% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $5.1M | 4,243 | 0.5% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $5.0M | 20,781 | 0.5% | 28 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $4.7M | 24,902 | 0.5% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $4.3M | 12,516 | 0.4% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $4.2M | 12,314 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.8M | 12,662 | 0.4% | 26 |
| WORLD GOLD TR | [GLDM](https://holderbook.com/stocks/GLDM/) | $3.8M | 47,600 | 0.4% | 18 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.6M | 11,109 | 0.4% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $3.6M | 12,319 | 0.4% | 31 |
| TIDAL TRUST III | [RSMC](https://holderbook.com/stocks/RSMC/) | $3.6M | 123,964 | 0.4% | 6 |
| EATON VANCE SR FLTNG RTE TR | [EFR](https://holderbook.com/stocks/EFR/) | $3.5M | 326,275 | 0.4% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.1M | 2,885 | 0.3% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $3.1M | 39,420 | 0.3% | 18 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.0M | 11,030 | 0.3% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.9M | 20,780 | 0.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.8M | 8,346 | 0.3% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $2.8M | 7,925 | 0.3% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.7M | 20,000 | 0.3% | 27 |
| ABRDN SILVER ETF TRUST | [SIVR](https://holderbook.com/stocks/SIVR/) | $2.7M | 48,340 | 0.3% | 31 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $2.7M | 20,660 | 0.3% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.6M | 63,484 | 0.3% | 19 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.4M | 24,775 | 0.2% | 31 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $2.3M | 11,178 | 0.2% | 8 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $2.2M | 27,854 | 0.2% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.1M | 8,890 | 0.2% | 31 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $2.1M | 54,350 | 0.2% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.0M | 8,434 | 0.2% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $1.9M | 2,700 | 0.2% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.9M | 6,017 | 0.2% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.8M | 1,967 | 0.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $1.8M | 14,865 | 0.2% | 25 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.8M | 2,410 | 0.2% | 25 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $1.8M | 5,801 | 0.2% | 14 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.6M | 22,900 | 0.2% | 26 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.5M | 17,654 | 0.2% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.5M | 11,958 | 0.2% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.1M | 3,700 | 0.1% | 11 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.0M | 10,220 | 0.1% | 31 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $1.0M | 5,006 | 0.1% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $1.0M | 3,069 | 0.1% | 25 |
| FORTIVE CORP | [FTV](https://holderbook.com/stocks/FTV/) | $981.3K | 16,063 | 0.1% | 31 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $950.8K | 12,963 | 0.1% | 25 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $901.5K | 6,850 | 0.1% | 13 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $891.0K | 13,920 | 0.1% | 14 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $884.4K | 7,400 | 0.1% | 12 |
| VANGUARD INTL EQUITY INDEX F | [VNQI](https://holderbook.com/stocks/VNQI/) | $846.8K | 18,880 | 0.1% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $844.4K | 2,126 | 0.1% | 14 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $827.7K | 2,286 | 0.1% | 31 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $816.9K | 1,650 | 0.1% | 29 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $687.6K | 1,350 | 0.1% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $686.9K | 950 | 0.1% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.3% | +14.8% | -6.5% | 100% |
| Q1 2026 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2025 | -0.9% | +2.4% | -3.3% | 100% |
| Q3 2025 | +5.5% | +7.8% | -2.3% | 100% |
| Q2 2025 | +4.7% | +10.5% | -5.7% | 100% |
| Q1 2025 | +0.4% | -4.6% | +5.0% | 100% |
| Q4 2024 | -0.5% | +2.1% | -2.7% | 99% |
| Q3 2024 | +8.3% | +5.4% | +2.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $984.0M | 200 |
| Q1 2026 | $922.9M | 192 |
| Q4 2025 | $935.5M | 185 |
| Q3 2025 | $954.7M | 189 |
| Q2 2025 | $918.1M | 203 |
| Q1 2025 | $888.2M | 206 |
| Q4 2024 | $907.2M | 206 |
| Q3 2024 | $914.1M | 210 |
| Q2 2024 | $849.9M | 204 |
| Q1 2024 | $867.5M | 204 |
| Q4 2023 | $812.7M | 197 |
| Q3 2023 | $761.9M | 188 |