Marble Harbor Investment Counsel, LLC
Long book
$922.9M
Q1 2026
Positions
192
Top-10 weight
37%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsMarble Harbor Investment Counsel, LLC is a diversified fundamental manager, running a $922.9M US long book across 192 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, MICROSOFT CORP, ABBVIE INC, CISCO SYSTEMS INC, IRON MOUNTAIN INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.5%
Q2 2024
+9.1%
Q3 2024
-0.1%
Q4 2024
+0.8%
Q1 2025
+5.2%
Q2 2025
+6.0%
Q3 2025
-0.4%
Q4 2025
-1.9%
Q1 2026
+10.6%
Sector allocation
Technology 29%
Healthcare 15%
Industrials 11%
Financials 9%
Consumer discretionary 8%
Services media 8%
Energy 6%
Other 5%
Long book by quarter
What does Marble Harbor own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 238.4K | $60.5M | 6.6% | -3.0% |
| MSFT MICROSOFT CORP | Technology | 140.2K | $51.9M | 5.6% | -3.8% |
| ABBV ABBVIE INC | Healthcare | 178.9K | $38.9M | 4.2% | -1.9% |
| CSCO CISCO SYSTEMS INC | Technology | 452.1K | $35.1M | 3.8% | -0.2% |
| EBAY EBAY INC | Services media | 312.2K | $28.4M | 3.1% | -0.3% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 127.1K | $25.8M | 2.8% | +0.4% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 273.1K | $25.2M | 2.7% | -3.8% |
| PH PARKER HANNIFIN CORP | Industrials | 27.3K | $24.4M | 2.6% | -4.3% |
| XOM EXXON MOBIL CORP | Energy | 137.4K | $23.3M | 2.5% | -0.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 161.2K | $23.3M | 2.5% | 0.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 193.7K | $19.9M | 2.2% | -0.2% |
| IDXX IDEXX LABORATORIES INC | Materials | 35.0K | $19.7M | 2.1% | -4.2% |
| WMT WALMART INC | Consumer discretionary | 143.1K | $17.8M | 1.9% | -2.4% |
| GE GENERAL ELECTRIC | Industrials | 59.9K | $17.0M | 1.8% | -1.1% |
| EOG EOG RESOURCES INC | Energy | 116.9K | $16.9M | 1.8% | -1.5% |
| NTRS NORTHERN TRUST CORP | Financials | 118.9K | $16.6M | 1.8% | -0.4% |
| FISV FISERV INC | Services media | 253.7K | $14.2M | 1.5% | +0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 54.7K | $13.4M | 1.4% | +1.4% |
| KO COCA-COLA CO/THE | Consumer staples | 172.8K | $13.1M | 1.4% | -1.4% |
| PGR PROGRESSIVE CORP | Financials | 65.9K | $13.1M | 1.4% | -3.3% |
| PEP PEPSICO INC | Consumer staples | 81.6K | $12.7M | 1.4% | +0.1% |
| PFE PFIZER INC | Healthcare | 445.1K | $12.5M | 1.4% | -0.2% |
| ECL ECOLAB INC | Other | 43.0K | $11.4M | 1.2% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 37.6K | $10.8M | 1.2% | -1.9% |
| WFC WELLS FARGO & CO | Financials | 127.9K | $10.2M | 1.1% | -1.7% |
| DIS WALT DISNEY CO/THE | Services media | 94.8K | $9.1M | 1.0% | -0.1% |
| PYPL PAYPAL HOLDINGS INC | Services media | 201.3K | $9.1M | 1.0% | +6.3% |
| SYK STRYKER CORP | Healthcare | 27.5K | $9.0M | 1.0% | -1.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 18.7K | $9.0M | 1.0% | -2.3% |
| GWRE GUIDEWIRE SOFTWARE INC | Technology | 59.9K | $9.0M | 1.0% | New |
| GEV GE VERNOVA INC | Industrials | 10.2K | $8.9M | 1.0% | -0.5% |
| TYL TYLER TECHNOLOGIES INC | Technology | 25.6K | $8.8M | 1.0% | New |
| BOH BANK OF HAWAII CORP | Financials | 113.5K | $8.4M | 0.9% | +1.2% |
| MRK MERCK & CO. INC. | Healthcare | 68.0K | $8.2M | 0.9% | +0.8% |
| DXCM DEXCOM INC | Healthcare | 125.0K | $7.9M | 0.9% | +1.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 24.5K | $7.6M | 0.8% | -0.4% |
| CVX CHEVRON CORP | Energy | 33.0K | $6.8M | 0.7% | +0.1% |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 116.0K | $6.6M | 0.7% | +6.7% |
| NVDA NVIDIA CORP | Technology | 34.0K | $5.9M | 0.6% | -2.9% |
| GOOG ALPHABET INC-CL C | Technology | 19.9K | $5.7M | 0.6% | -2.6% |
| RTX RTX CORP | Industrials | 27.0K | $5.2M | 0.6% | +1.0% |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 33.6K | $4.8M | 0.5% | -2.6% |
| EMR EMERSON ELECTRIC CO | Industrials | 36.7K | $4.8M | 0.5% | -2.1% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 58.6K | $4.7M | 0.5% | -1.9% |
| LRCX LAM RESEARCH CORP | Industrials | 21.7K | $4.6M | 0.5% | -6.1% |
| DHR DANAHER CORP | Technology | 24.1K | $4.6M | 0.5% | +0.4% |
| CB CHUBB LTD | Financials | 12.6K | $4.1M | 0.4% | -1.0% |
| LLY ELI LILLY & CO | Healthcare | 4.3K | $3.9M | 0.4% | +3.1% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 12.1K | $3.9M | 0.4% | +0.4% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 12.2K | $3.6M | 0.4% | -0.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 192 | $922.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 185 | $935.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 189 | $954.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 203 | $918.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 206 | $888.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 206 | $907.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 210 | $914.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 204 | $849.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 204 | $867.5M | canonical | SEC ↗ |
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