Marble Harbor Investment Counsel 13F annual report

Marble Harbor Investment Counsel is an investment fund managing more than $849 billion ran by Paul Davis. There are currently 188 companies in Mr. Davis’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $129 billion.

Limited to 30 biggest holdings

$849 billion Assets Under Management (AUM)

As of 2nd August 2024, Marble Harbor Investment Counsel’s top holding is 160,532 shares of Microsoft currently worth over $71.7 billion and making up 8.4% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Marble Harbor Investment Counsel owns more than approximately 0.1% of the company. In addition, the fund holds 272,536 shares of Apple Inc worth $57.4 billion, whose value grew 11.1% in the past six months. The third-largest holding is Iron Mtn Inc Del worth $39.3 billion and the next is Abbvie Inc worth $33.2 billion, with 193,783 shares owned.

Currently, Marble Harbor Investment Counsel's portfolio is worth at least $849 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Marble Harbor Investment Counsel

The Marble Harbor Investment Counsel office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Paul Davis serves as the Managing Member at Marble Harbor Investment Counsel.

Recent trades

In the most recent 13F filing, Marble Harbor Investment Counsel revealed that it had opened a new position in Ge Vernova Inc and bought 15,225 shares worth $2.61 billion.

The investment fund also strengthened its position in Dexcom Inc by buying 3,273 additional shares. This makes their stake in Dexcom Inc total 147,174 shares worth $16.7 billion. Dexcom Inc dropped 35.6% in the past year.

On the other hand, there are companies that Marble Harbor Investment Counsel is getting rid of from its portfolio. Marble Harbor Investment Counsel closed its position in Vodafone plc on 9th August 2024. It sold the previously owned 145,399 shares for $1.38 billion. Paul Davis also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $71.7 billion and 160,532 shares.

One of the average hedge funds

The two most similar investment funds to Marble Harbor Investment Counsel are Bramshill Investments and Valiant Capital Management, L.P.. They manage $849 billion and $849 billion respectively.


Paul Davis investment strategy

Marble Harbor Investment Counsel’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Health Care — making up 12.1% of the total portfolio value. The fund focuses on investments in the United States as 53.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 54% of the total holdings value. On the other hand, small-cap stocks make up only 1.1% of the portfolio. The average market cap of the portfolio companies is close to $148 billion.

The complete list of Marble Harbor Investment Counsel trades based on 13F SEC filings

These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Microsoft Corporation
5.72%
160,532
$71,749,741,000 8.45%
Apple Inc
5.74%
272,536
$57,401,458,000 6.76%
Iron Mtn Inc Del
4.86%
438,960
$39,339,632,000 4.63%
Abbvie Inc
4.52%
193,783
$33,237,581,000 3.91%
Automatic Data Processing In
4.58%
132,953
$31,734,630,000 3.74%
Fiserv, Inc.
2.94%
181,329
$27,025,274,000 3.18%
Procter And Gamble Co
8.15%
157,074
$25,904,644,000 3.05%
Oreilly Automotive Inc
3.19%
21,465
$22,668,328,000 2.67%
Cisco Sys Inc
0.76%
461,762
$21,938,314,000 2.58%
Abbott Labs
2.16%
198,237
$20,598,807,000 2.43%
Idexx Labs Inc
2.02%
40,049
$19,511,873,000 2.30%
EBay Inc.
0.25%
323,704
$17,389,379,000 2.05%
Exxon Mobil Corp.
4.16%
145,846
$16,789,800,000 1.98%
Dexcom Inc
2.27%
147,174
$16,686,588,000 1.96%
Vanguard Intl Equity Index F
4.97%
397,507
$17,327,608,000 2.04%
Progressive Corp.
1.24%
73,930
$15,356,000,000 1.81%
Parker-Hannifin Corp.
0.51%
30,017
$15,182,899,000 1.79%
Pepsico Inc
5.09%
87,181
$14,378,689,000 1.69%
Healthcare Rlty Tr
35.51%
801,891
$13,215,164,000 1.56%
Eog Res Inc
3.08%
98,544
$12,403,706,000 1.46%
Coca-Cola Co
0.18%
175,652
$11,180,274,000 1.32%
Walmart Inc
193.97%
159,382
$10,791,728,000 1.27%
Ecolab, Inc.
2.52%
44,796
$10,661,480,000 1.26%
Northern Tr Corp
2.08%
121,458
$10,200,023,000 1.20%
GE Aerospace
0.69%
61,037
$9,702,897,000 1.14%
Pfizer Inc.
2.67%
342,471
$9,582,339,000 1.13%
PayPal Holdings Inc
4.47%
163,783
$9,504,327,000 1.12%
Stryker Corp.
6.08%
27,860
$9,479,365,000 1.12%
Disney Walt Co
7.84%
90,053
$8,941,402,000 1.05%
Merck & Co Inc
0.96%
71,966
$8,909,370,000 1.05%
Vanguard Index Fds
2.66%
71,163
$16,314,631,000 1.92%
Johnson & Johnson
0.83%
57,624
$8,422,359,000 0.99%
Berkshire Hathaway Inc.
0.36%
19,645
$7,991,586,000 0.94%
Wells Fargo Co New
7.97%
125,168
$7,433,728,000 0.88%
Vanguard Admiral Fds Inc
0.90%
90,431
$8,899,075,000 1.05%
Alphabet Inc
34.05%
60,078
$10,971,234,000 1.29%
Edwards Lifesciences Corp
0.37%
73,600
$6,798,432,000 0.80%
Mcdonalds Corp
8.17%
24,887
$6,342,324,000 0.75%
Walgreens Boots Alliance Inc
18.58%
495,073
$5,987,908,000 0.71%
Stericycle Inc.
1.62%
98,962
$5,752,661,000 0.68%
Danaher Corp.
7.90%
22,402
$5,597,140,000 0.66%
Eli Lilly & Co
7.36%
5,977
$5,411,456,000 0.64%
Chevron Corp.
8.26%
33,292
$5,207,535,000 0.61%
Bank Hawaii Corp
4.92%
82,967
$4,746,542,000 0.56%
Expeditors Intl Wash Inc
5.81%
35,675
$4,451,883,000 0.52%
Emerson Elec Co
8.00%
38,198
$4,207,892,000 0.50%
Air Prods & Chems Inc
56.77%
15,650
$4,038,483,000 0.48%
Chubb Limited
1.51%
13,431
$3,425,979,000 0.40%
Sherwin-Williams Co.
4.34%
11,059
$3,300,337,000 0.39%
Eaton Vance Sr Fltng Rte Tr
59.46%
249,670
$3,265,684,000 0.38%
Shell Plc
6.52%
44,450
$3,208,401,000 0.38%
Home Depot, Inc.
2.01%
9,185
$3,161,957,000 0.37%
World Gold Tr
3.90%
66,525
$3,066,137,000 0.36%
RTX Corp
1.05%
28,388
$2,849,871,000 0.34%
NVIDIA Corp
830.61%
23,042
$2,846,624,000 0.34%
Union Pac Corp
2.58%
11,935
$2,700,413,000 0.32%
Lam Research Corp.
9.09%
2,500
$2,662,125,000 0.31%
Tapestry Inc
31.95%
61,975
$2,651,910,000 0.31%
Ge Vernova Inc
Opened
15,225
$2,611,240,000 0.31%
JPMorgan Chase & Co.
3.31%
12,479
$2,524,051,000 0.30%
Diageo plc
0.78%
19,443
$2,451,373,000 0.29%
American Express Co.
1.35%
9,611
$2,225,426,000 0.26%
Amazon.com Inc.
6.51%
9,650
$1,864,863,000 0.22%
Abrdn Silver Etf Trust
1.59%
61,800
$1,720,512,000 0.20%
Costco Whsl Corp New
3.59%
2,015
$1,712,351,000 0.20%
TE Connectivity Ltd
No change
11,046
$1,661,650,000 0.20%
Intel Corp.
3.78%
52,124
$1,614,280,000 0.19%
Ishares Tr
13.10%
43,690
$3,733,351,000 0.44%
Norfolk Southn Corp
4.62%
7,022
$1,507,618,000 0.18%
Ge Healthcare Technologies I
0.55%
18,991
$1,479,779,000 0.17%
Spdr S&p Midcap 400 Etf Tr
No change
2,600
$1,391,208,000 0.16%
Vodafone Group plc
Closed
145,399
$1,378,379,000
Duke Energy Corp.
4.01%
13,326
$1,335,677,000 0.16%
NextEra Energy Inc
1.41%
17,348
$1,228,386,000 0.14%
Caterpillar Inc.
No change
3,682
$1,226,474,000 0.14%
Etfs Gold Tr
18.18%
54,700
$1,215,434,000 0.14%
Organon & Co
70.76%
56,908
$1,177,996,000 0.14%
Kimberly-Clark Corp.
11.71%
8,474
$1,171,107,000 0.14%
Vanguard Scottsdale Fds
3.48%
14,165
$1,161,105,000 0.14%
Invesco Exch Traded Fd Tr Ii
9.79%
13,071
$1,500,574,000 0.18%
Carrier Global Corporation
No change
16,930
$1,067,944,000 0.13%
Starbucks Corp.
2.65%
12,205
$950,159,000 0.11%
Tootsie Roll Inds Inc
13.30%
30,155
$921,844,000 0.11%
Aon plc.
No change
3,125
$917,438,000 0.11%
Becton Dickinson & Co.
17.67%
3,843
$898,148,000 0.11%
Fortive Corp
17.67%
11,820
$875,862,000 0.10%
Veralto Corp
Opened
9,116
$870,305,000 0.10%
LKQ Corp
35.49%
20,485
$851,971,000 0.10%
Vanguard Specialized Funds
0.39%
4,550
$830,603,000 0.10%
Carlisle Cos Inc
No change
2,000
$810,420,000 0.10%
Otis Worldwide Corporation
No change
8,214
$790,680,000 0.09%
Eaton Vance Flting Rate Inc
90.58%
58,250
$781,715,000 0.09%
OneSpaWorld Holdings Limited
7.65%
50,700
$779,259,000 0.09%
Alps Etf Tr
Opened
16,100
$772,478,000 0.09%
Schlumberger Ltd.
0.47%
16,003
$755,022,000 0.09%
AMGEN Inc.
2.95%
2,402
$750,446,000 0.09%
Boeing Co.
5.15%
4,050
$737,141,000 0.09%
Bank America Corp
5.47%
17,275
$687,039,000 0.08%
Vanguard World Fd
4.91%
7,750
$1,203,109,000 0.14%
Illinois Tool Wks Inc
No change
2,875
$681,260,000 0.08%
Philip Morris International Inc
14.66%
6,643
$673,135,000 0.08%
Nike, Inc.
11.48%
8,835
$665,894,000 0.08%
Fedex Corp
No change
2,150
$644,656,000 0.08%
Transdigm Group Incorporated
No change
500
$638,805,000 0.08%
Ishares Tr
Opened
85,095
$2,110,593,000 0.25%
Blackrock Corpor Hi Yld Fd I
Opened
64,000
$620,160,000 0.07%
Northrop Grumman Corp.
33.16%
1,411
$615,125,000 0.07%
Waste Mgmt Inc Del
No change
2,878
$613,993,000 0.07%
WEC Energy Group Inc
No change
7,732
$606,653,000 0.07%
Colgate-Palmolive Co.
42.96%
6,101
$592,041,000 0.07%
Oaktree Specialty Lending Co
Opened
31,400
$590,634,000 0.07%
Sysco Corp.
5.90%
8,180
$583,970,000 0.07%
Hologic, Inc.
6.10%
7,700
$571,725,000 0.07%
Paychex Inc.
No change
4,711
$558,536,000 0.07%
Tractor Supply Co.
No change
2,060
$556,200,000 0.07%
Honeywell International Inc
21.71%
2,525
$539,189,000 0.06%
Royal Bk Cda
No change
5,006
$532,538,000 0.06%
Rockwell Automation Inc
No change
1,910
$525,785,000 0.06%
Ishares Inc
4.93%
19,300
$524,574,000 0.06%
Roper Technologies Inc
13.41%
922
$519,695,000 0.06%
AT&T Inc.
52.62%
26,941
$514,843,000 0.06%
The Southern Co.
1.44%
6,443
$499,788,000 0.06%
Analog Devices Inc.
16.43%
2,126
$485,281,000 0.06%
Hubbell Inc.
No change
1,292
$472,200,000 0.06%
Huntington Bancshares, Inc.
0.92%
35,689
$470,381,000 0.06%
Bristol-Myers Squibb Co.
38.65%
10,743
$446,157,000 0.05%
Oracle Corp.
No change
3,150
$444,780,000 0.05%
Spdr S&p 500 Etf Tr
0.85%
814
$442,732,000 0.05%
Conocophillips
4.92%
3,869
$442,536,000 0.05%
RPM International, Inc.
22.52%
4,100
$441,488,000 0.05%
Spdr Ser Tr
No change
5,450
$426,790,000 0.05%
International Business Machs
2.20%
2,443
$422,517,000 0.05%
Qualcomm, Inc.
No change
2,042
$406,726,000 0.05%
DuPont de Nemours Inc
1.94%
5,048
$406,314,000 0.05%
Medtronic Plc
3.82%
5,033
$396,147,000 0.05%
United Parcel Service, Inc.
3.48%
2,855
$390,707,000 0.05%
Blackstone Inc
3.13%
3,100
$383,780,000 0.05%
Waters Corp.
16.19%
1,313
$380,928,000 0.04%
Enbridge Inc
8.56%
10,678
$380,030,000 0.04%
Genuine Parts Co.
No change
2,637
$364,750,000 0.04%
Rollins, Inc.
3.04%
7,432
$362,592,000 0.04%
Cummins Inc.
No change
1,300
$360,009,000 0.04%
Mosaic Co New
No change
12,395
$358,216,000 0.04%
KLA Corp.
Opened
430
$354,539,000 0.04%
Sempra
No change
4,500
$342,270,000 0.04%
Pentair plc
No change
4,430
$339,648,000 0.04%
Ares Capital Corp
Opened
16,000
$333,440,000 0.04%
Goldman Sachs Group, Inc.
10.09%
731
$330,646,000 0.04%
Lowes Cos Inc
26.28%
1,495
$329,588,000 0.04%
Sixth Street Specialty Lendi
Opened
15,400
$328,790,000 0.04%
Nucor Corp.
8.89%
2,050
$324,064,000 0.04%
Thermo Fisher Scientific Inc.
No change
578
$319,634,000 0.04%
Blackstone Secd Lending Fd
Opened
10,400
$318,448,000 0.04%
Celanese Corp
No change
2,350
$316,992,000 0.04%
Palmer Square Capital Bdc In
Opened
19,500
$315,120,000 0.04%
Hingham Instn Svgs Mass
No change
1,755
$313,934,000 0.04%
Invesco Exchange Traded Fd T
No change
4,783
$310,465,000 0.04%
Dover Corp.
No change
1,708
$308,209,000 0.04%
WD-40 Co.
No change
1,400
$307,496,000 0.04%
Labcorp Holdings Inc.
Opened
1,446
$294,275,000 0.03%
Axon Enterprise Inc
23.08%
1,000
$294,240,000 0.03%
Zimmer Biomet Holdings Inc
Closed
2,612
$293,119,000
CVS Health Corp
Closed
4,185
$292,197,000
Toronto Dominion Bk Ont
No change
5,310
$291,838,000 0.03%
Mastercard Incorporated
Opened
660
$291,166,000 0.03%
Avalonbay Cmntys Inc
No change
1,400
$289,646,000 0.03%
Visa Inc
No change
1,084
$284,550,000 0.03%
Weyerhaeuser Co Mtn Be
0.13%
9,875
$280,351,000 0.03%
Accenture Plc Ireland
4.00%
910
$276,103,000 0.03%
Unilever plc
No change
4,900
$269,451,000 0.03%
Meta Platforms Inc
Opened
530
$267,237,000 0.03%
Dow Inc
2.92%
5,023
$266,470,000 0.03%
Nutrien Ltd
17.81%
5,170
$263,205,000 0.03%
Idex Corporation
0.84%
1,300
$261,654,000 0.03%
Altria Group Inc.
30.97%
5,692
$259,271,000 0.03%
Carmax Inc
17.62%
3,460
$253,756,000 0.03%
Oneok Inc.
2.36%
3,100
$252,805,000 0.03%
Main Str Cap Corp
Opened
5,000
$252,450,000 0.03%
Enstar Group Limited
Opened
793
$242,420,000 0.03%
Eversource Energy
Closed
4,161
$241,962,000
Us Bancorp Del
Opened
6,044
$239,947,000 0.03%
Intercontinental Exchange In
Opened
1,750
$239,558,000 0.03%
Applied Matls Inc
Opened
1,000
$235,990,000 0.03%
Laboratory Corp Amer Hldgs
Closed
1,159
$233,017,000
Adobe Inc
No change
405
$224,994,000 0.03%
Clorox Co.
39.62%
1,600
$218,352,000 0.03%
Verizon Communications Inc
Closed
6,326
$205,026,000
HP Inc
Opened
5,849
$204,832,000 0.02%
Spdr Index Shs Fds
No change
8,500
$204,000,000 0.02%
Alliant Energy Corp.
Opened
4,000
$203,600,000 0.02%
Ishares Tr
Closed
2,713
$202,444,000
Gilead Sciences, Inc.
Closed
2,690
$201,597,000
Franklin Bsp Rlty Tr Inc
Opened
15,000
$189,000,000 0.02%
Warner Bros.Discovery Inc
Closed
13,260
$144,004,000
Ford Mtr Co Del
Opened
10,350
$129,789,000 0.02%
Eaton Vance Sr Income Tr
Closed
21,500
$126,850,000
Nuveen Mun Value Fd Inc
Closed
10,000
$82,600,000
Cardiol Therapeutics Inc
No change
36,900
$74,538,000 0.01%
Evgo Inc
Opened
10,900
$26,705,000 0.00%
No transactions found
Showing first 500 out of 199 holdings