SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Marble Harbor Investment Counsel, LLC

CIK 0001387130 · 101 FEDERAL STREET, SUITE 2920, BOSTON, MA, 02110 · 617-956-6710

Reported Value
$936M
Q4 2025
Positions
185
Filings on Record
30
2019–present window
Filed
Feb 6, 2026
original filing

Summary

Marble Harbor Investment Counsel, LLC reported $936M in U.S.-listed holdings across 185 positions for Q4 2025.

Its largest position, MSFT, represents 7.5% of the portfolio.

Compared with Q3 2025, the fund opened 3 new positions and exited 7.

Portfolio Metrics

Turnover
+4.1%
vs prior filed quarter
Top-10 Concentration
+40.1%
share of reported value
Largest Position
+7.5%
Microsoft
New / Exited
3 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $501MQ4 ’18Q1 ’19: $562MQ2 ’19: $579MQ3 ’19: $563MQ4 ’19: $633MQ4 ’19Q1 ’20: $508MQ2 ’20: $575MQ3 ’20: $611MQ4 ’20: $680MQ4 ’20Q1 ’21: $731MQ2 ’21: $775MQ3 ’21: $743MQ4 ’21: $858MQ4 ’21Q1 ’22: $805MQ2 ’22: $656MQ3 ’22: $655MQ4 ’22: $743MQ4 ’22Q1 ’23: $772MQ2 ’23: $795MQ3 ’23: $762MQ4 ’23: $813MQ4 ’23Q1 ’24: $868MQ2 ’24: $850MQ3 ’24: $914MQ4 ’24: $907MQ4 ’24Q1 ’25: $888MQ2 ’25: $918MQ3 ’25: $955MQ4 ’25: $936MQ4 ’25Q1 ’26: $923Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.5%ETP: 8.4%REIT: 4.5%Other: 0.9%ADR: 0.6%
  • Common Stock · 85.5% · $800M
  • ETP · 8.4% · $79M
  • REIT · 4.5% · $42M
  • Other · 0.9% · $9M
  • ADR · 0.6% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
UPSUNITED PARCEL SERVICE INCNEW+2.2K2.2K+$213,754$213,754
ISHARES TRNEW+2.0K2.0K+$205,080$205,080
PRCHPORCH GROUP INCNEW+10.6K10.6K+$96,778$96,778
NKENIKE INCADDED+32.6K60.0K+$2M$4M
TPRTAPESTRY INCSOLD OUT−60.0K0−$7M$0
MASMASCO CORPSOLD OUT−7.0K0−$495,194$0
DWDPEURDUPONT DE NEMOURS INCSOLD OUT−4.9K0−$379,997$0
MAMASTERCARD INCORPORATEDSOLD OUT−4500−$255,965$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

170 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM7.53%$70M145.6K
2AAPLAPPLE INChistory →COM7.15%$67M245.9K
3ABBVABBVIE INChistory →COM4.45%$42M182.3K
4CSCOCISCO SYS INChistory →COM3.73%$35M452.9K
5ADPAUTOMATIC DATA PROCESSING INhistory →COM3.48%$33M126.6K
6EBAEBAY INC.history →COM2.92%$27M313.1K
7IRON MTN INC DELCOM2.78%$26M314.0K
8ORLYOREILLY AUTOMOTIVE INChistory →COM2.77%$26M283.7K
9PHPARKER-HANNIFIN CORPhistory →COM2.68%$25M28.5K
10IDXXIDEXX LABS INChistory →COM2.64%$25M36.5K
11ABTABBOTT LABShistory →COM2.60%$24M194.1K
12PGPROCTER AND GAMBLE COhistory →COM2.47%$23M161.2K
13VANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · GLB EX US ETF2.32%$22M406.6K
14VANGUARD INDEX FDSS&P 500 ETF SHS · SM CP VAL ETF · SMALL CP ETF · REAL ESTATE ETF2.09%$20M73.1K
15GE AEROSPACECOM NEW2.00%$19M60.6K
16GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.97%$18M58.7K
17FISVFISERV INChistory →COM1.81%$17M252.0K
18EXMOCEXXON MOBIL CORPhistory →COM1.78%$17M138.7K
19WMTWALMART INChistory →COM1.75%$16M146.6K
20NTRSNORTHERN TR CORPhistory →COM1.74%$16M119.3K
21HRHEALTHCARE RLTY TRhistory →CL A COM1.67%$16M919.0K
22PGRPROGRESSIVE CORPhistory →COM1.66%$16M68.2K
23EOGEOG RES INChistory →COM1.33%$12M118.6K
24KOCOCA COLA COhistory →COM1.31%$12M175.2K
25WFCWELLS FARGO CO NEWhistory →COM1.30%$12M130.2K
26PEPPEPSICO INChistory →COM1.25%$12M81.5K
27ECLECOLAB INChistory →COM1.21%$11M43.2K
28JNJJOHNSON & JOHNSONhistory →COM1.19%$11M54.0K
29PFEPFIZER INChistory →COM1.19%$11M445.9K
30PYPLPAYPAL HLDGS INChistory →COM1.18%$11M189.3K
31VANGUARD ADMIRAL FDS INCSMLLCP 600 IDX · MIDCP 400 IDX1.18%$11M99.3K
32DISDISNEY WALT COhistory →COM1.15%$11M94.8K
33SYKSTRYKER CORPORATIONhistory →COM1.04%$10M27.8K
34BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.03%$10M19.2K
35DC4DEXCOM INCCOM0.88%$8M123.6K
36PCORPROCORE TECHNOLOGIES INCCOM0.85%$8M108.7K
37BOHBANK HAWAII CORPCOM0.82%$8M112.2K
38MCDMCDONALDS CORPCOM0.80%$8M24.6K
39MRKMERCK & CO INCCOM0.76%$7M67.5K
40GEVGE VERNOVA INCCOM0.72%$7M10.2K
41NVDANVIDIA CORPORATIONCOM0.70%$7M35.0K
42DHRDANAHER CORPORATIONCOM0.59%$5M24.0K
43EXPDEXPEDITORS INTL WASH INCCOM0.55%$5M34.5K
44EWEDWARDS LIFESCIENCES CORPCOM0.54%$5M59.7K
45CHVCHEVRON CORP NEWCOM0.54%$5M33.0K
46EMREMERSON ELEC COCOM0.53%$5M37.5K
47RTXRTX CORPORATIONCOM0.52%$5M26.7K
48WORLD GOLD TRSPDR GLD MINIS0.49%$5M53.4K
49ISHARES TRMSCI EMG MKT ETF · CORE S&P500 ETF · CORE S&P MCP ETF · CORE MSCI EAFE · CORE S&P US GWT · RUS MID CAP ETF · 1 3 YR TREAS BD · CORE S&P US VLU0.48%$4M46.5K
50LLYELI LILLY & COCOM0.48%$4M4.2K
51CHUBB LIMITEDCOM0.42%$4M12.7K
52LRCXLAM RESEARCH CORPCOM NEW0.42%$4M23.1K
53SHWSHERWIN WILLIAMS COCOM0.42%$4M12.0K
54NKENIKE INCCL B0.41%$4M60.0K
55SIVRABRDN SILVER ETF TRUSTPHYSCL SILVR SHS0.40%$4M55.6K
56JPMJPMORGAN CHASE & CO.COM0.37%$4M10.9K
57AXPAMERICAN EXPRESS COCOM0.33%$3M8.4K
58APDAIR PRODS & CHEMS INCCOM0.32%$3M12.3K
59SHELSHELL PLCSPON ADS0.31%$3M40.1K
60DGEDDIAGEO PLCSPON ADR NEW0.30%$3M32.4K
61HDHOME DEPOT INCCOM0.28%$3M7.6K
62UNPUNION PAC CORPCOM0.28%$3M11.1K
63TE CONNECTIVITY PLCORD SHS0.27%$3M11.0K
64ETFS GOLD TRPHYSCL GOLD SHS0.24%$2M54.6K
65AMZNAMAZON COM INCCOM0.21%$2M8.4K
66CATCATERPILLAR INCCOM0.20%$2M3.3K
67INVESCO EXCH TRADED FD TR IINASDAQ 100 ETF · KBW REGL BKG0.20%$2M13.0K
68NSCNORFOLK SOUTHN CORPCOM0.19%$2M6.1K
69COSTCOSTCO WHSL CORP NEWCOM0.18%$2M2.0K
70VANGUARD SPECIALIZED FUNDSDIV APP ETF0.18%$2M7.6K
71MDYSPDR S&P MIDCAP 400 ETF TRUTSER1 S&PDCRP0.17%$2M2.7K
72VANGUARD WORLD FDFINANCIALS ETF · INF TECH ETF0.17%$2M7.8K
73VANGUARD SCOTTSDALE FDSVNG RUS2000IDX0.15%$1M14.2K
74DUKDUKE ENERGY CORP NEWCOM NEW0.15%$1M12.0K
75GEHCGE HEALTHCARE TECHNOLOGIES ICOMMON STOCK0.15%$1M17.0K
76NEENEXTERA ENERGY INCCOM0.14%$1M16.0K
77AON PLCSHS CL A0.12%$1M3.1K
78FTVFORTIVE CORPCOM0.10%$934,04316.9K
79RYROYAL BK CDACOM0.09%$853,4735.0K
80VLTOVERALTO CORPCOM SHS0.09%$844,9378.5K
81NOCNORTHROP GRUMMAN CORPCOM0.09%$804,5661.4K
82SBUXSTARBUCKS CORPCOM0.08%$789,0489.4K
83CARRCARRIER GLOBAL CORPORATIONCOM0.08%$788,90114.9K
84INTCINTEL CORPCOM0.08%$772,31720.9K
85AMGNAMGEN INCCOM0.08%$711,5112.2K
86ROKROCKWELL AUTOMATION INCCOM0.07%$700,3261.8K
87BACBANK AMERICA CORPCOM0.07%$682,01712.4K
88BDXBECTON DICKINSON & COCOM0.07%$675,3643.5K
89T7DTRANSDIGM GROUP INCCOM0.07%$664,925500
90TIDAL TRUST IIIROCKEFELLER US S0.07%$657,48526.0K
91TRTOOTSIE ROLL INDS INCCOM0.07%$644,98117.6K
92GSGOLDMAN SACHS GROUP INCCOM0.07%$642,549731
93ISHARES INCEM MKTS DIV ETF0.07%$635,66420.4K
94ACCENTURE PLC IRELANDSHS CLASS A0.07%$633,1882.4K
95BABOEING COCOM0.07%$629,6482.9K
96ITWILLINOIS TOOL WKS INCCOM0.07%$628,0652.5K
97WMWASTE MGMT INC DELCOM0.07%$620,2412.8K
98HBANHUNTINGTON BANCSHARES INCCOM0.07%$619,20435.7K
99OTISOTIS WORLDWIDE CORPCOM0.07%$613,1107.0K
100FDXFEDEX CORPCOM0.06%$592,1632.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$923M192May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$936M185Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$955M189Nov 7, 202513F-HRchanges · EDGAR ↗
Q2 2025$918M203Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$888M206May 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$907M206Feb 7, 202513F-HRchanges · EDGAR ↗
Q3 2024$914M210Nov 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$850M204Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$868M204May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$813M197Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$762M188Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$795M187Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$772M189May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$743M184Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$655M172Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$656M180Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$805M189May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$858M195Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$743M189Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$775M195Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$731M188May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$680M181Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$611M164Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$575M162Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$508M149May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$633M162Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$563M145Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$579M149Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$562M146May 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$501M139Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.